Tag: TMC Politics

Sep 23 2014

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Dave Johnson: Who Gets Rich Harvesting Burger King and the American Economy?

As fast-food workers across the country strike for decent pay, Burger King is still preparing to abandon the U.S. as its home country. How does a burger company get flipped like this and who gets rich when it happens? [..]

The company has been stripped, financialized and any remaining value is ultimately being moved across the border. The story of what is happening with Burger King is the story of what American capitalism and its financial speculation has been and is doing to the American economy. It is being done to the company and to us by the financiers. In this case it is names like Goldman Sachs, TGP Capital, Bain Capital, 3G Capital — all playing games with Burger King, other companies the American economy and our lives. And the latest plunderer, Bill Ackman and his Pershing Square Capital Management, is a financial manipulator who when he sees a company’s carcass worth plundering, goes after it — even if it involves betting on a company’s stock going down and then working to drive the company into the ground.

Nathan Schneider: Climate change is war – and Wall Street is winning

We shouldn™’t reward polluters with profit

Among the most iconic images to emerge from Hurricane Sandy’s assault on the Eastern Seaboard in 2012 were those of the Goldman Sachs building lit up like a torch by its own generator while a blackout left the rest of lower Manhattan in the dark. This proved a sign of things to come: Within days, the financial district was back to work, but Mayor Michael Bloomberg seemed far slower to notice what had befallen other areas of the city. He sought to go through with the annual New York Marathon just a week after the storm, until residents and runners rallied to inform him that coastal neighborhoods of his city had been devastated.

The images stuck in my mind from that period are of the devastation: Whole blocks burned down by electrical fire, overturned cars in the streets, sick people trapped in pitch-black buildings without medication, ruined furniture stacked in the front yards of uninhabitable homes, neighbors uniting around makeshift supply depots in church halls.

I no longer saw the warming oceans that exacerbate storms such as Sandy as abstractions or a matter of merely the environment or nature. Climate change is a crisis of justice among human beings. We all depend on this planet, but some are more insulated from its undoing than others. Some will be bailed out, but most won’t. Some will find a way to profit as the waters rise, but many more will drown. The challenge of stemming climate change is not just a matter of raising consciousness and spreading awareness; it is a struggle for democracy and survival.

Rich Benjamin: Ferguson versus Whitopia

Focus on police bias obscures meaningful debate on structural racism that perpetuates racial injustice and inequality

In the wake of the death of Michael Brown, the unarmed teenager shot by police officer Darren Wilson in Ferguson, Missouri, on Aug. 9, the public has heard quite a bit about the town, its residents and their supposed violence.

But about half an hour drive west of Ferguson, along a highway straddling the Missouri River, you will come to what may seem a planet away: St. Charles County.

St. Charles is a “Whitopia” – a predominantly white county that has posted 6 percent population growth since 2000 and exhibits an ineffable charisma, as well as a pleasant look and feel. An outer-ring suburb of St. Louis, St. Charles is 91 percent non-Hispanic white, visibly whiter than its surroundings. Its metropolitan region is 77 percent non-Hispanic white in a state that is 81 percent Caucasian. Home to about 76,000 residents, St. Charles is the wealthiest and one of the fastest growing counties in Missouri.

Its quiet invisibility stands in stark contrast to the dramatic images we saw during the protests after Brown’s death. As the nation and world gawk at Ferguson, we need to train our eyes on St. Charles County too, for St. Charles’ economic and political realities contextualize the plight of Ferguson. It embodies the severe economic and racial segregation that harmed Brown long before Wilson ever fired a shot.

Robert Reich: Why Ordinary People Bear Economic Risks and Donald Trump Doesn’t

Thirty years ago, on its opening day in 1984, Donald Trump stood in a dark topcoat on the casino floor at Atlantic City’s Trump Plaza, celebrating his new investment as the finest building in Atlantic City and possibly the nation.

Last week, the Trump Plaza folded and the Trump Taj Mahal filed for bankruptcy, leaving some 1,000 employees without jobs.

Trump, meanwhile, was on Twitter claiming he had “nothing to do with Atlantic City,” and praising himself for his “great timing” in getting out of the investment.

In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.

The laws protect them through limited liability and bankruptcy.

But workers who move to a place like Atlantic City for a job, invest in a home there, and build their skills, have no such protection. Jobs vanish, skills are suddenly irrelevant, and home values plummet.

They’re stuck with the mess.

E. J. Dionne, Jr.: The Mystifying Election

There is something deeply satisfying about the troubles punditry is having in nailing down exactly what’s happening in the 2014 elections.

The careful statistical models keep gyrating on the question of whether Republicans will win control of the Senate this November. The prognosticators who rely on their reporting and their guts as well as the numbers are sometimes at odds with the statisticians.

The obvious reason for the uncertainty is that many of the key Senate races are still very close in the polls. This should encourage a degree of humility among those of us who love to offer opinions about politics. Humility is a useful virtue not always on display in our business. The unsettled nature of the election also sends a salutary signal to the electorate. As Howard Dean might put it: You have the power. Voting will matter this year.

It is not my habit to agree with Karl Rove, but he was on to something in his Wall Street Journal column last Thursday when he wrote that “each passing day provides evidence as to why a GOP Senate majority is still in doubt.”

Joe Conason: American Amnesia: Why the GOP Leads on National Security

If the latest polls are accurate, most voters believe that Republican politicians deserve greater trust on matters of national security. At a moment when Americans feel threatened by rising terrorist movements and authoritarian regimes, that finding is politically salient-and proves that amnesia is the most durable affliction of our democracy.

Every year around this time, ever since 2001, we promise never to forget the victims of 9/11, the courage of the first responders and the sacrifice of the troops sent to avenge them all. Our poignant recollections seem to be faulty, however, obliterating the hardest truths about that terrible event, as well as the long aftermath that continues to this day. The result, attested to by those polls, is that Republicans escape responsibility for the derelictions and bad decisions of their party’s leaders at crucial moments in the recent past.

Sep 23 2014

Here We Go Again: US Strikes Syria

US launches air strikes against Isis targets in Syria

By Spencer Ackerman, The Guardian

  • US and allies have deployed jets and missiles against militants
  • Isis stronghold of Raqqa is among targets, says US official
  • ‘Dozens’ of fighters are killed, says monitoring group
  • Bahrain, Qatar, Saudi Arabia, UAE and Jordan involved

The United States stepped up its war against the Islamic State militant group, launching air strikes on targets in Syria for the first time.

The Pentagon press secretary, rear admiral John Kirby, confirmed that the US and allied nations sent fighter jets, bomber aircraft and Tomahawk missiles in an operation against Isis that he described as “ongoing”.

A US official, speaking on condition of anonymity, indicated that Raqqa, a Syrian stronghold of Isis, was among the targets of the operation, which began in the early hours of Tuesday morning local time.

The first wave of strikes finished about 90 minutes later at around 10pm EDT (2am GMT), but the operation was expected to continue for several more hours. [..]

The US was joined in the Syria operation by Bahrain, Qatar, Saudi Arabia, Jordan and the United Arab Emirates, an official said.

The strikes were carried out by manned air force and navy aircraft, while the Tomahawk missiles were launched from US ships in the northern Persian Gulf and the Red Sea. The aircraft carrier USS George HW Bush is in the Gulf.

Kirby said the strikes were ordered by army general Lloyd Austin, the commander of US forces in the Middle East and South Asia “under authorisation granted to him by the commander in chief”. [..]

Syria’s foreign ministry says the US informed Damascus’ envoy to the United Nations before launching the raids.

As Doc Maddow would say, “watch this space.”

MSNBC’s Lawrence O’Donnell, host of “The Last Word.” spoke with several MSNBC contributors and observors.


Sep 23 2014

Livestream – #FloodWallStreet Protest

Flood Wall Street Protesters Assemble In New York

A day after the People’s Climate March filled the streets of New York, a smaller group of protesters are engaging in non-violent, direct action against climate change. By conducting a sit-in on the steps of the New York Stock Exchange and blocking lower Broadway, organizers say they are confronting “the system that both causes and profits from the crisis that is threatening humanity.”

The protest does not have a permit, and some participants have pledged to risk arrest during the sit-in.

Sep 22 2014

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Paul Krugman: Those Lazy Jobless

Last week John Boehner, the speaker of the House, explained to an audience at the American Enterprise Institute what’s holding back employment in America: laziness. People, he said, have “this idea” that “I really don’t have to work. I don’t really want to do this. I think I’d rather just sit around.” Holy 47 percent, Batman!

It’s hardly the first time a prominent conservative has said something along these lines. Ever since a financial crisis plunged us into recession it has been a nonstop refrain on the right that the unemployed aren’t trying hard enough, that they are taking it easy thanks to generous unemployment benefits, which are constantly characterized as “paying people not to work.” And the urge to blame the victims of a depressed economy has proved impervious to logic and evidence.

But it’s still amazing – and revealing – to hear this line being repeated now. For the blame-the-victim crowd has gotten everything it wanted: Benefits, especially for the long-term unemployed, have been slashed or eliminated. So now we have rants against the bums on welfare when they aren’t bums – they never were – and there’s no welfare. Why?

Jesse Jackson: Silicon Valley has a proud record on innovation, a shameful one on equality

Hi-tech giants have a moral and economic duty to promote inclusivity in their workforces

A new climate of change, hope and progress is now gripping Silicon Valley and the hi-tech industry. Inclusion and equal opportunity in the technology industry are the 21st-century civil rights imperatives. They are today’s dynamic, disruptive change agents reshaping the culture and character of the hi-tech industry.

Technology is supposed to be about innovation, opportunity and inclusion, but, sadly, patterns of exclusion remain the order of the day. In fact, the tech industry is perhaps America’s worst industry when it comes to inclusion and diversity.

Rainbow Push, the social justice organisation I founded, has brought this message to the industry through direct participation and speaking at the shareholder meetings of HP, eBay, Facebook and Google. What we’ve been saying is that Silicon Valley is America’s valley: built through American R&D, American education, American tax credits and tax havens. It should reflect America’s best values and principles.

Desmond Tutu: We fought apartheid. Now climate change is our global enemy

On the eve of the UN Climate Summit, Desmond Tutu argues that tactics used against firms who did business with South Africa must now be applied to fossil fuels to prevent human suffering

Never before in history have human beings been called on to act collectively in defence of the Earth. As a species, we have endured world wars, epidemics, famine, slavery, apartheid and many other hideous consequences of religious, class, race, gender and ideological intolerance. People are extraordinarily resilient. The Earth has proven pretty resilient, too. It’s managed to absorb most of what’s been thrown at it since the industrial revolution and the invention of the internal combustion engine.

Until now, that is. Because the science is clear: the sponge that cushions and sustains us, our environment, is already saturated with carbon. If we don’t limit global warming to two degrees or less we are doomed to a period of unprecedented instability, insecurity and loss of species. Fossil fuels have powered human endeavour since our ancestors developed the skills to make and manage fire. Coal, gas and oil warm our homes, fuel our industries and enable our movements. We have allowed ourselves to become totally dependent, and are guilty of ignoring the warning signs of pending disaster. It is time to act.

Paul Rosenberg: desmond-tutu-climate-change-is-the-global-enemy  This is how ISIS wins: Repeating the Bush/Cheney/Rove approach just won’t work

The way to battle ISIS long-term is to understand its appeal and retain our humanity. Take Sun Tzu’s word for it!

For all his vaunted love of nuance, President Obama’s recent speech announcing our new war against ISIS (or ISIL, to the White House) denounced them in terms strikingly similar to George W. Bush’s language waging war on “evil doers,” and that’s a development that should trouble us all. Yes, Obama avoided the word ‘war,’ but the rest of his team soon embraced it, and the logic of his address made that move virtually inevitable, whatever he may personally and privately have wished. [..]

No one can doubt that ISIS is murderous – just like Syria’s President Bashar al-Assad, last year’s No. 1 candidate for America’s wrath. But it’s simply untrue that ISIS has “no other vision” than slaughter. Their vision of an Islamic state – a new Caliphate – may be many things: delusional, presumptuous, contrary to true Islamic values and obviously cruel. But it certainly is a vision of sorts, and it has some appeal, if only to a tiny, disaffected fragment of the world’s Islamic community.

If we don’t understand that vision – and what people find attractive in it – then we really have very little chance of effectively fighting against it, even though ISIS now commands only a few thousand fighters. We may win lots of battles, but not the war. Even if we defeat ISIS itself, but don’t understand its appeal, it will only a reappear in another, potentially even more deadly form, just as ISIS now appears more malignant than al-Qaida.  This is particularly true if we ignore the multilayered network of historical grievances which ISIS seeks to exploit.

Robert Kuttner: The United Kingdom Nearly Died for Maggie’s Sins

Why on earth did the Scots, largely quiescent as part of Great Britain for three centuries, suddenly become the mouse that roared?

It wasn’t because they became besotted watching re-runs of Braveheart or Rob Roy, or even because they coveted more of a share of North Sea oil revenues. No, the Scots got sick and tired of Thatcherite policies imposed from London.

Thanks to the partial form of federalism known as “devolution” provided by the Labour government of Tony Blair in 1997, Scotland got to keep such progressive policies as free higher education and an intact national health service, while the rest of the U.K. partly privatized the health service and began compelling young people to go into debt to finance college like their American cousins.

 

Sep 21 2014

Punting the Pundits: Sunday Preview Edition

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

The Sunday Talking Heads:

This Week with George Stephanopolis: The guest on Sunday’s “This Week” is U.S. Ambassador to the United Nations Samantha Power.

The roundtable guests are: Democratic strategist James Carville; Republican strategist Ana Navarro; Wall Street Journal columnist Bret Stephens; and editor and publisher of The Nation and Washington Post columnist Katrina vanden Heuvel.

Face the Nation with Bob Schieffer: Mr. Schieefer’s guests are: U.S. Ambassador to the United Nations Samantha Power; CBS medical adviser Dr. Jonathan LaPook; and Dr. William Schaffner, the chair on the Department of Preventive Medicine at Vanderbilt University Medical Center.

His panel guests are: Sen. Joe Lieberman (I-CT); former Rep. Jane Harman (D-CA), the Woodrow Wilson Center; Robert Kagan, the Brookings Institution; and Mike Morell, former CIA Deputy Director.

Meet the Press with Chuck Todd: The guests are: Adm. Michael Mullen, former Chairman of the Joint Chiefs of Staff; Sen. Ron Johnson (R-WI), Senate Foreign Relations Committee; Sen. Chris Murphy (D-CT), Senate Foreign Relations Committee; Vali Nasr Dean, the Johns Hopkins School of Advanced International Studies; Michael Leiter, NBC News National Security Analyst and former director of the U.S. National Counterterrorism Center; Grover Norquist, president of Americans for Tax Reform; and Thomas Frank, author of “What’s the Matter with Kansas?”

The roundtable guests are: John Stanton, Washington Bureau Chief, BuzzFeed; Amy Walter, National Editor, The Cook Political Report; Ramesh Ponnuru, Senior Editor, National Review; and Neera Tanden, president of the Center for American Progress.

State of the Union with Candy Crowley: Ms. Crowley’s guests are: former UK Prime Minister Tony Blair;  Hall of Famer and former CBS commentator Shannon Sharpe; former NFL player Izell Reese; and USA Today sports columnist Christine Brennan.

Her panel guests are Newt Gingrich; Donna Brazile; Marc Lamont Hill; and Tara Wall.

Sep 20 2014

A New Economic Model for the Climate Crisis

The leaders of 125 nations will meet on Tuesday at the United Nations for the largest summit on the climate since Copenhagen summit that ended in collapse in 2009.

Climate change is not a far-off problem. It is happening now and is having very real consequences on people’s lives. Climate change is disrupting national economies, costing us dearly today and even more tomorrow.  But there is a growing recognition that affordable, scalable solutions are available now that will enable us all to leapfrog to cleaner, more resilient economies.

The summit will be preceded by the People’s Climate March in New York City. The march is expected to draw over 100,000

Climate change is a global emergency. Stop waiting for politicians to sound the alarm

By Naomi Klein, The Guardian

The truth about our planet is horrifying, but the true leaders aren’t the ones at the UN – they’re in the streets

At exactly 1pm on Sunday, the streets of New York City are going to fill with the sound of clanging pots, marching bands, church bells and whatever other kinds of noisemakers that participants of the People’s Climate March decide to bring along.

It’s being called the “climate alarm”, and the general idea is that a whole lot of people are going to make the very loud point that climate change is a true emergency for humanity, the kind of threat that should cause us to stop what we are doing and get out of harm’s way.

Is it a stunt? Well, sure, all protests are. But the mere act of expressing our collective sense of climate urgency goes beyond symbolism. What is most terrifying about the threat of climate disruption is not the unending procession of scientific reports about rapidly melting ice sheets, crop failures and rising seas. It’s the combination of trying to absorb that information while watching our so-called leaders behave as if the global emergency is no immediate concern. As if every alarm in our collective house were not going off simultaneously.

Only when we urgently acknowledge that we are facing a genuine crisis will it become possible to enact the kinds of bold policies and mobilize the economic resources we need. Only then will the world have a chance to avert catastrophic warming.

In her new book, “This Changes Everything: Capitalism vs. the Climate,” Ms. Klein outlines the need for “a new economic model to address the ecological crisis.” She joined Amy Goodman and Juan González of Democracy Now! to discuss the radical action that will be needed,

“We have not done the things that are necessary to lower emissions because those things fundamentally conflict with deregulated capitalism, the reigning ideology for the entire period we have been struggling to find a way out of this crisis,” Klein writes. “We are stuck because the actions that would give us the best chance of averting catastrophe – and would benefit the vast majority – are extremely threatening to an elite minority that has a stranglehold over our economy, our political process, and most of our major media outlets.”

Watch the livestream of the People’s Climate March on Sunday September 21 from 10:30am to 1:30pm ET via Democracy Now.

Sep 20 2014

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Trevor Timme: Is Obama really going back to war with a worse legal rationale than Bush? He still won’t say

Whatever the administration’s tortured and torture architect-approved logic for combatting Isis, one thing is clear: the public isn’t allowed to see it

It was equal parts ironic and tragic watching US Secretary of State John Kerry testify before the Senate Foreign Relations committee this week, as he shamelessly made the case for a war without end against Isis. It was the same place he sat 43 years ago, as a young soldier, bravely and eloquently calling for an end to American fighting in Vietnam, his generation’s endless war – the same war that led to Congress passing the War Powers Resolution, the law the Obama administration has now decided it can completely disregard.

As with much of the White House’s secret and possibly illegal march back to Iraq and beyond, almost every aspect of Kerry’s testimony on Wednesday was riddled with holes. The Obama administration’s case for intervention begins and ends with the fantastical idea that it thinks it can use a law passed 13 years ago – before Isis even existed, and meant for the perpetrators of 9/11 – to start a war that White House officials freely admit will last for years, yet is aimed at a group that virtually all intelligence analysts agree is not an imminent threat to the United States.

Jess Zimmerman: The 1% has bought its own internet. What’s next? Words with Rich People?

If Internet Platinum Reserve is surprising, it’s only because we’ve been trying to fool ourselves that the web is a populist haven, over here at Poor People Online

In one of the best moments of the genius webcomic Achewood, occasional protagonist Ray – a Scottish Fold cat who is also a wealthy playboy – goes on eBay while high and impulsively types, in the search bar, WHAT’S THE BEST THING YOU GOT? The screen blinks, then lights up with the message “Welcome to eBay Platinum Reserve.” [..]

Proponents of net neutrality worry about this happening for real. Or at least they worry about a future in which a small handful of monopoly-happy telecoms are able to throttle access to any website that doesn’t make them money or provide lower-paying customers with slowed and restricted service. Net neutrality boosters want government regulation to dictate that all sites and customers get the same treatment, rather than splitting the web into “slow lanes” and “fast lanes” along financial lines. Internet pinkos don’t want rich people to have better internet.

Well, it’s too late. Rich people already have better internet. Mercifully, cable modems are fairly common these days – remember when the best you could afford was DSL? – so for now, the rich don’t necessarily get faster internet. But they do get Internet Platinum Reserve.

Jonathan Freedland: Scotland started a glorious revolution. Don’t let Westminster snuff it out

The movement for devolution must not be reduced to a party political squabble or an anoraks’ debate

“The state of our union is strong.” Those are the words uttered with ritual regularity by a US president delivering his annual address to the nation. What, though, is the state of our union, nearly a century older than the Americans’ and questioned this week as never before? You could say it has emerged from yesterday’s vote in Scotland with its strength renewed, reaffirmed not by the whisker foreseen by the closing opinion polls but by an unarguable 10-point margin. What’s more, after weeks of speculation over the future of David Cameron, it was the advocate of independence, Alex Salmond, who resigned today. Earlier, one of his lieutenants had admitted that independence would now be shelved for a generation.

But the relief of unionists, like the heartbreak of yes campaigners, should be tempered. For there is another way of looking at the verdict that came as Thursday night turned into Friday morning. Independence used to command the support of a stubborn third of Scots, and no more. Yet yesterday 45% voted to repudiate British sovereignty, to end this arrangement once and for all. When close to half the population of a nation inside a union wants to break away, the state of that union is not strong. It is fragile.

Anne Fleming Taylor: When You Abuse Someone, It’s Never a Private Matter

I finally watched the Ray Rice video, the one of the Baltimore Ravens star running back decking his wife in an elevator. If you haven’t seen it, do, and then decide whether you agree with the victim that this is a private matter between her and her husband. Really? In what universe is knocking someone else out a private matter?

What if he had hit a friend or a stranger? It would have been laughable to suggest the assault deserved a ring of privacy and that the cops shouldn’t be called and justice pursued. But because the woman was his fiancée, now spouse, she was calling her knockout a family matter.

We do a strange dance with the issue of privacy. We have a kind of love-hate relationship with it. We have jettisoned it in so many ways, with our daily tweets and techno-bytes of self-revelation, the constant Instagraming and messaging. Yet we cling to it on some level – like a curtain to draw around ourselves when we wish.

Patriarchy makes good use of the issue of privacy. Behind that curtain – or those elevator doors – it can still swagger and intimidate and hurt. Then, if the victim refuses to press the case, the state is reluctant to intervene. There is a presumption that it is entirely their business – the couple’s – to sort out.

Joe Nocera: Getting It Wrong

Roger Goodell Speaks for the N.F.L. and Says Nothing

I turned on ESPN about 15 minutes before Roger Goodell’s Friday afternoon news conference. There was a round table of analysts and reporters, led by Bob Ley, the journalist who covers the serious side of sports for the network. If I hadn’t known better, I would have thought they were prepping for a coming news conference by a politician in trouble rather than the commissioner of the National Football League. [..]

You would have thought that if Goodell were going to hold a news conference he would have something more to say than that he was sorry and that he was going to consult experts – things he has said before. Stunningly, he didn’t, which became even clearer when reporters started asking questions. [..]

The truth is that the N.F.L. has had a domestic violence problem for years, which Goodell and the league have largely tolerated. The Ray Rice video put that tolerance on vivid display. That is the fact that Goodell can’t say out loud – and why instead he says nothing at all.

Sep 19 2014

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Richard (RJ) ESkow: Want to Save the Planet? Flood Wall Street

This is a critical week for the planet. A United Nations conference on the climate will be followed on Saturday by the People’s Climate March, which is expected to be the largest environmental march in history. But it would be a grave mistake, for the planet and for ourselves, to overlook another event that is to take place on Sunday. That’s when the Flood Wall Street rally will target the role of global capitalism in our environmental crisis.

The profit economy is a root cause — make that the root cause — of climate change.

Wall Street is, in a very real sense, the epicenter of our environmental crisis. To ignore that fact is to risk dooming our other climate efforts to failure, or to use them merely as palliatives for troubled consciences. There’s no other way to say this: Capitalism, as practiced on Wall Street today, is an existential threat to humanity.

Martin Kettle: Scotland votes no: the union has survived, but the questions for the left are profound

The immediate political question now suddenly moves to London: a new constitutional settlement needs to be on the table by the end of next month

Like the battle of Waterloo, the battle for Scotland was a damn close-run thing. The effects of Thursday’s no vote are enormous – though not as massive as the consequences of a yes would have been. [..]

But the battlefield is still full of resonant lessons. The win, though close, was decisive. It looks like a 54%-46% or thereabouts. That’s not as good as it looked like being a couple of months ago. But it’s a lot more decisive than the recent polls had hinted. Second, it was women who saved the union. In the polls, men were decisively in favour of yes. The yes campaign was in some sense a guy thing. Men wanted to make a break with the Scotland they inhabit. Women didn’t. Third, this was to a significant degree a class vote too. Richer Scotland stuck with the union – so no did very well in a lot of traditonal SNP areas. Poorer Scotland, Labour Scotland, slipped towards yes, handing Glasgow, Dundee and North Lanarkshire to the independence camp. Gordon Brown stopped the slippage from becoming a rout, perhaps, but the questions for Labour – and for left politics more broadly – are profound.

Paul Krugman: Errors and Emissions

Could Fighting Global Warming Be Cheap and Free?

This just in: Saving the planet would be cheap; it might even be free. But will anyone believe the good news?

I’ve just been reading two new reports on the economics of fighting climate change: a big study by a blue-ribbon international group, the New Climate Economy Project, and a working paper from the International Monetary Fund. Both claim that strong measures to limit carbon emissions would have hardly any negative effect on economic growth, and might actually lead to faster growth. This may sound too good to be true, but it isn’t. These are serious, careful analyses.

But you know that such assessments will be met with claims that it’s impossible to break the link between economic growth and ever-rising emissions of greenhouse gases, a position I think of as “climate despair.” The most dangerous proponents of climate despair are on the anti-environmentalist right. But they receive aid and comfort from other groups, including some on the left, who have their own reasons for getting it wrong.

David Sirota: Too big to punish: Why America’s banks are still above the law

The Obama administration is now reducing sanctions on Credit Suisse. So much for the lessons of the Great Recession

A few months ago, in a press conference about the felony conviction of Credit Suisse, Attorney General Eric Holder said, “This case shows that no financial institution, no matter its size or global reach, is above the law.”

Yet, earlier this month, the Obama administration announced its proposal to waive some of the possible sanctions against Credit Suisse. The little-noticed waiver, which was outlined in the Federal Register, comes amid criticism that the Obama administration has gone too easy on major financial institutions that break the law. [..]

Under existing Department of Labor rules, the conviction could prevent Credit Suisse from being designated a Qualified Professional Asset Manager. That designation exempts firms from other federal laws, giving them the special status required to do business with many pension funds. The Obama administration’s is proposing to waive those anti-criminal sanctions against Credit Suisse, thereby allowing Credit Suisse to get the QPAM designation needed to continue its pension business.

David Dayen: The real Olive Garden scandal: Why greedy hedge funders suddenly care so much about breadsticks

Remember that “hilarious” report last week ripping the chain eatery to pieces? The back story will infuriate you

Last week, you may have noticed a kooky story about a hedge fund named Starboard Value chastising Olive Garden for handing out too many unlimited breadsticks at a time, and failing to salt its pasta water. The snarky 294-page presentation highlighted everything wrong with Olive Garden, along with recommendations to fix it. And there was much laughter. [..]

The story had all the proper elements for our Twitter-fueled “you won’t believe what happened next” media age. Readers could mock that silly chain restaurant they remember from their childhoods in the suburbs, and the silly hedge fund that took the time to write the world’s worst review.

Except Starboard Value does not spend its time crusading for better mid-market Italian meals for no reason. It owns a bunch of shares in Olive Garden’s parent company, Darden Restaurants, and wants to take control of the company’s board. The scheme it’s concocted to increase its share price has little to do with breadsticks and pasta water. It really wants to steal Olive Garden’s real estate, and make a billion dollars in the process.

Barron H. Lerner: When Medicine Is Futile

MY father would have been thrilled to read “Dying in America,” a new report by the Institute of Medicine that argues that we subject dying patients to too many treatments, denying them a peaceful death. But he would have asked what took us so long. A physician from the late 1950s to the late 1990s, my dad grew increasingly angry at how patients died in this country, too often in hospitals and connected to machines and tubes he knew would not help them.

He placed some of the blame for the situation at the feet of bioethics and patients’ rights, two movements that I, as a young physician, had fiercely advocated. Doctors, he believed, had abrogated their duties in preventing – and, if necessary, thwarting – patients from pursuing inappropriate end-of-life interventions. We should heed my father’s advice. Physicians need to reclaim some of the turf they have ceded to patients and families.

Sep 18 2014

US Middle East Presence Just Making Things Worse

While Congress is holding hearings on whether or not President Barack Obama’s current plan to contain ISIS and assist so-called moderates of the rebel Syrian army, the CIA expressed its doubts on what the agency most likely perceives as an encroachment on their not so covert operations to train these un-vetted rebels that has been going on for a year in Jordan. That was reported earlier this week by Huffington Post‘s Ryan Grim and Sam Stein:

One Democratic member of Congress said that the CIA has made it clear that it doubts the possibility that the administration’s strategy could succeed.

“I have heard it expressed, outside of classified contexts, that what you heard from your intelligence sources is correct, because the CIA regards the effort as doomed to failure,” the congressman said in an email. “Specifically (again without referring to classified information), the CIA thinks that it is impossible to train and equip a force of pro-Western Syrian nationals that can fight and defeat Assad, al-Nusra and ISIS, regardless of whatever air support that force may receive.”

He added that, as the CIA sees it, the ramped-up backing of rebels is an expansion of a strategy that is already not working. “The CIA also believes that its previous assignment to accomplish this was basically a fool’s errand, and they are well aware of the fact that many of the arms that they provided ended up in the wrong hands,” the congressman said, echoing intelligence sources.

Probably for all the wrong reasons, the CIA is right. President Obama’s plan is not just doomed to failure but may well make matters worse.

In an interview with MSNBC’s Ann Cury, Iranian President Hassan Rouhani expressed his doubts about the strategy and condemned ISIS

           

“Are Americans afraid of giving casualties on the ground in Iraq? Are they afraid of their soldiers being killed in the fight they claim is against terrorism?” Rouhani said.

“If they want to use planes and if they want to use unmanned planes so that nobody is injured from the Americans, is it really possible to fight terrorism without any hardship, without any sacrifice? Is it possible to reach a big goal without that? In all regional and international issues, the victorious one is the one who is ready to do sacrifice.

“Maybe it is necessary for airstrikes in some conditions and some circumstances,” he added. “However, air strikes should take place with the permission of the people of that country and the government of that country.”  [..]

Asked about the extremists’ beheading of American James Foley and Steven Sotloff and Briton David Haines, Rouhani said ISIS’ actions are at odds with Islamic tenets.

“They want to kill humanity,” he said. “And from the viewpoint of the Islamic tenets and culture, killing an innocent people equals the killing of the whole humanity. And therefore, the killing and beheading of innocent people in fact is a matter of shame for them and it’s the matter of concern and sorrow for all the human and all the mankind.”

But he also took issue with the American-led coalition, saying members include nations that helped ISIS with weapons and training.

At emptywheel, Jim White, noticed what the MSNBC article failed to mention

Rouhani told the NBC that the US-led coalition against the ISIL group was not a serious movement and added that US had been present in the region since 2001 to fight terrorism in Iraq and Afghanistan but it not only did not solved the terrorism problem but exacerbated the crisis.

Iraq’s new Prime Minister Haider al-Abadi has emphatically stated that foreign ground troops are not needed or wanted

Al-Abadi praised the U.S. aerial campaign targeting the militants who have overrun much of northern and western Iraq and carved out a proto-state spanning the Syria-Iraq border, saying it has helped efforts to roll back the Sunni extremists.

But he stressed that he sees no need for the U.S. or other nations to send troops into Iraq to help fight the Islamic State.

“Not only is it not necessary,” he said, “We don’t want them. We won’t allow them. Full stop.” [..]

The comments provided a sharp rebuttal to remarks a day earlier by the chairman of the U.S. Joint Chiefs of Staff, Gen. Martin Dempsey, who told the Senate Armed Services Committee that American ground troops may be needed to battle Islamic State forces in the Middle East if President Barack Obama’s current strategy fails.

And the insanity will continue

Sep 18 2014

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Eliot Ross: The referendum that reinvented Scotland

Even if Scots vote no,™ their politics have been transformed

Things move very quickly in politics, and old certainties can die suddenly. As a high school student in Edinburgh in the early 2000s, I was taught that the devolution of major government powers to a new Scottish parliament in 1999 was Tony Blair’s masterstroke. Scottish nationalism, I learned, no longer made sense. With devolution, the Scots got meaningful self-governance, while Blair’s “new” Labour Party could look forward to long periods of rule in Edinburgh and London.

This week’s independence referendum and the great surge of support for the yes campaign over the past year are exactly what Blair thought he had made impossible. [..]

An independent Scotland would be faced with great uncertainties, but the idea that continued union in the U.K. ensures a clear political future is hardly borne out by the U.K.’s volatile and uneven experience of postimperial statehood over the past 70 years. Just ask Blair. At one time he was certain he had settled the question of Scottish independence once and for all with devolution. Instead he turned out to have laid out the basis for a political earthquake.

David Cay Johnson: Tax cuts can do more harm than good

Their design is crucially important for predicting their effects

Tax cuts are the one guaranteed path to prosperity. Or so politicians have told Americans for so long that the claim has become a secular dogma.

But tax cuts can do more harm than good, a new report shows. It draws on decades of empirical evidence analyzed with standard economic principles used in business, academia and government.

What ultimately matters is the way a tax cut is structured and how it affects behavior. A well-designed tax cut can help increase future prosperity, but a poorly structured one can result in a meaner future with fewer jobs, less compensation and higher costs to society.

William G. Gale of the Brookings Institution, a nonprofit Washington policy research house, and Andrew Samwick, a Dartmouth College professor, last week issued the report, “Effects of Income Tax Changes on Economic Growth.”

Gale said he expects emailed brickbats from those who have incorporated the tax cut dogma into their views without really understanding the issue.

“The idea that tax cuts raise growth is repeated so often it is taken like a form of gospel,” Gale told me. “We are not buying into that gospel” because it fails to consider their total effects.

Michael Eric Dyson: Punishment or Child Abuse?

While 70 percent of Americans approve of corporal punishment, black Americans have a distinct history with the subject. Beating children has been a depressingly familiar habit in black families since our arrival in the New World. As the black psychiatrists William H. Grier and Price M. Cobbs wrote in “Black Rage,” their 1968 examination of psychological black life: “Beating in child-rearing actually has its psychological roots in slavery and even yet black parents will feel that, just as they have suffered beatings as children, so it is right that their children be so treated.”

The lash of the plantation overseer fell heavily on children to whip them into fear of white authority. Terror in the field often gave way to parents beating black children in the shack, or at times in the presence of the slave owner in forced cooperation to break a rebellious child’s spirit. Black parents beat their children to keep them from misbehaving in the eyes of whites who had the power to send black youth to their deaths for the slightest offense. Today, many black parents fear that a loose tongue or flash of temper could get their child killed by a trigger-happy cop. They would rather beat their offspring than bury them. [..]

Equally tragic is that those who are beaten become beaters too. And many black folks are reluctant to seek therapy for their troubles because they may be seen as spiritually or mentally weak. The pathology of beatings festers in the psychic wounds of black people that often go untreated in silence.

Rebecca Solnit: The Wheel Turns, the Boat Rocks, the Sea Rises

There have undoubtedly been stable periods in human history, but you and your parents, grandparents, and great-grandparents never lived through one, and neither will any children or grandchildren you may have or come to have. Everything has been changing continuously, profoundly — from the role of women to the nature of agriculture. For the past couple of hundred years, change has been accelerating in both magnificent and nightmarish ways.

Yet when we argue for change, notably changing our ways in response to climate change, we’re arguing against people who claim we’re disrupting a stable system.  They insist that we’re rocking the boat unnecessarily.

I say: rock that boat. It’s a lifeboat; maybe the people in it will wake up and start rowing. Those who think they’re hanging onto a stable order are actually clinging to the wreckage of the old order, a ship already sinking, that we need to leave behind.

Oliver Burkeman: Corporations are not people, so don’t let them guilt you into tipping the maid

Gratitude is a very good thing. It makes us happy. But this is what happens when Marriott and the corporate do-gooder police co-opt your feelings

If I still somehow retained any capacity to be surprised by the tone-deafness of corporate America, I imagine I’d be pretty taken aback by the news that Marriott International has joined forces with a nonprofit called A Woman’s Nation to launch The Envelope Please, a campaign to encourage hotel guests to leave “tips and notes of thanks for hotel room attendants” in envelopes that Marriott will graciously provide. (You can contribute to Marriott’s marketing budget – sorry, I meant “donate to A Woman’s Nation”! – here.)

As New York magazine’s Annie Lowery and others have pointed out, tipping is a terrible way to try to improve the lot of hotel housekeepers, whose work is stressful, debilitating, unseen and badly paid. On the one hand, tipping is basically useless as a way of encouraging good work; on the other hand, it’s incredibly useful as an excuse for employers to avoid raising wages. In the words of the National Review – and how often does one quote the National Review approvingly when not under the influence of massive quantities of hallucinogenic drugs? – how about just paying them more?”

Emma Brockes: There is nothing more American than unlimited breadsticks

Forget those classist hedge-funders and their 300-page report on pasta water. What could be more authentically itself than Olive Garden?

I have been thinking about Olive Garden more than usual the past few days – specifically its breadsticks, which were singled out for abuse in a 300-page report written by one of the restaurant chain’s investors, a hedge-fund up in arms at the perceived waste of food (and trying to gain greater control of the parent company’s board).

It’s the breadsticks, along with the bottomless salad bowl, that have of course made the franchise famous, both for its generosity and as a symbol of the gluttony and excess laying waste to America. Olive Garden is the sort of restaurant that one loves as a child and should supposedly outgrow – but that kind of snobbery overlooks a fundamental fact about human nature: no one ever, ever outgrows a good salad bar (or hot breadsticks, for that matter). It would be like outgrowing the need for a hug.

So while debate this week has ostensibly surrounded the restaurant’s commercial efficiency, all anyone has really been wondering is this: is Olive Garden – and by extension a big slice of American restaurant culture in general – gross or not gross?

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