Tag: TMC Politics

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

New York Times Editorial Board: Not Getting Their Money’s Worth

At first glance, two recent crises to hit the White House – the revelations about unlawful surveillance and the botched health care rollout – have nothing in common. But each is a reminder of the increasing extent to which government work has been contracted out to private-sector companies. Currently, Washington spends about $500 billion a year on private-sector contracts, more than twice the amount in 2000.

It is hard to argue that Americans are getting their money’s worth. [..]

It is legitimate to use contractors when the government does not possess the expertise, especially on specific projects, or for services that are tangential to core government functions. But the current practice of contracting out vast swaths of government work indefinitely – with little or no attempt to develop the needed technical and managerial expertise within the government or to enforce labor standards – has created a bloated federal-contractor sector in which the public good is often subservient to profit.

Eugene Robinson: The ACA: Here to Stay

Now that the fight over Obamacare is history, perhaps everyone can finally focus on making the program work the way it was designed. Or, preferably, better.

The fight is history, you realize. Done. Finito. Yesterday’s news. [..]

The real problem with the ACA, and let’s be honest, is that it doesn’t go far enough. The decision to work within the existing framework of private, for-profit insurance companies meant building a tremendously complicated new system that still doesn’t quite get the job done: Even if all the states were fully participating, only about 30 million of the 48 million uninsured would be covered.

But Obamacare does establish the principle that health care is a right, not a privilege-and that this is true not just for children, the elderly and the poor but for all Americans.

Charles Pierce: Two Dopes

In my days of doing the blog, I have pondered, often, the teleological conundrum of whether an omnipotent god could make a stick big enough to shove up his own ass. When this speculation becomes too difficult, I make myself a lesser case — is it possible for anyone to have a bigger stick up their ass than the one currently residing in the nether quarters of David Brooks? Today, at least, I have the answer to the latter question.

Yes, it is.

Come on down, Ruth Marcus, famous NSA apologist, weeper for misunderstood torturers, recent Glenn Greenwald heavy-bag workout, and scourge of teenage potty-mouths everywhere, and a woman who makes the late Erma Bombeck read like Rosa Luxembourg and who makes David Brooks sound like Richard Brautigan.

The two of them wrote essentially the same column today. The legalization of recreational marijuana in Colorado is a bad thing because of every failed argument for the stupid “war” on drugs you ever heard. As you might expect, Brooks is far more full of himself than Marcus is — There is more of David Brooks in David Brooks than there is anywhere else in the world. This is a good thing. — and Marcus is far more folksy in her account of her misspent youth.

Dave Johnson: A Moral and Economic Imperative to Extend Unemployment Benefits

Federal unemployment assistance for 1.3 million people who have been unemployed longer than 26 weeks expired last Saturday, after Republicans blocked efforts to extend them. 3.6 million more people will lose these benefits over this year. Restoring these benefits is a moral, economic and political imperative. [..]

So there is a political imperative to push for this because hope and change drives votes. Democrats have to offer hope and change or people won’t see a reason to bother to vote. And “the base” needs to see their elected officials fighting for those things that they feel are important, or they won’t do the things that drive campaigns like giving money, volunteering, going door to door, and otherwise fighting to elect Democrats.

Democrats need to draw clear contrasts for democracy to function and voters to know who to hold accountable.

Joan Walsh: The right’s Benghazi insanity reaches new depths

No amount of facts can convince the right of reality. Here’s how politics, racism and sexism guide their lunacy

Hands down the biggest news story of the 2013 holiday season was the New York Times opus on the 2012 Benghazi attack. The Dec. 28 story debunked every single right-wing conspiracy peddled by Fox News (and also promulgated briefly by CBS News’ “60 Minutes”): the attack was, in fact, heavily motivated by an anti-Islam movie, as the Obama administration claimed; its militia ringleaders were independent of al-Qaida, and there was nothing the administration or Hillary Clinton’s State Department could do to protect the four men who died at the underdefended Benghazi compound. [..]

The truth is, the Times piece was not without criticism of the administration’s efforts in Benghazi. It found that the attack’s leaders had benefited from American weaponry and support while fighting Moammar Gadhafi, and suggests that while the strike on the compound “does not appear to have been meticulously planned, neither was it spontaneous or without warning signs.”

The Benghazi tragedy, David Kirkpatrick wrote, “shows the risks of expecting American aid in a time of desperation to buy durable loyalty, and the difficulty of discerning friends from allies of convenience in a culture shaped by decades of anti-Western sentiment.”

Robert Naiman: Make the 1 Percent Pay for the Iran War

Chuck Schumer, Robert Menendez, and their Senate friends have introduced a bill to blow up President’s Obama’s diplomacy with Iran. If these senators blow up diplomacy, the only thing left on the menu in the restaurant will be war. So now is the perfect time to ask these senators who is going to pay for the war that Senator Schumer, Senator Menendez and their friends are trying to engineer.

Let us urge our economic populist friends in the Senate — people like Ohio Democrat Sherrod Brown and Vermont Independent Bernie Sanders — to call the question by introducing a simple resolution: it is the sense of Congress that if the U.S. goes to war with Iran, the 1 percent should pay the financial cost of the war.

If we could establish the principle that the 1 percent should pay for the war, this would be a win-win for justice. We know well that the 1 percent aren’t paying their fair share of taxes. So, even if making the 1 percent pay the financial cost of wars had no deterrent effect, it would be a win for justice by increasing taxes on the 1 percent.

The Health Care We Deserve

In a NYT‘s op-ed in New Year’s Day, Michael Moore called the ACA awful

I believe Obamacare’s rocky start – clueless planning, a lousy website, insurance companies raising rates, and the president’s telling people they could keep their coverage when, in fact, not all could – is a result of one fatal flaw: The Affordable Care Act is a pro-insurance-industry plan implemented by a president who knew in his heart that a single-payer, Medicare-for-all model was the true way to go. When right-wing critics “expose” the fact that President Obama endorsed a single-payer system before 2004, they’re actually telling the truth.

What we now call Obamacare was conceived at the Heritage Foundation, a conservative think tank, and birthed in Massachusetts by Mitt Romney, then the governor. The president took Romneycare, a program designed to keep the private insurance industry intact, and just improved some of its provisions. In effect, the president was simply trying to put lipstick on the dog in the carrier on top of Mitt Romney’s car. And we knew it.

Emergency Room visits have increased for those with insurance rather than decrease. This is probably due to the problem of finding a physician who will accept the patient’s insurance plan. What was needed was a mandate that physicians and hospitals accept all insurance plans.

Access to Health Care May Increase ER Visits, Study Suggests

   Supporters of President Obama’s health care law had predicted that expanding insurance coverage for the poor would reduce costly emergency room visits as people sought care from primary care doctors. But a rigorous new study conducted in Oregon has flipped that assumption on its head, finding that the newly insured actually went to the emergency room more often.

   The study, published in the journal Science, compared thousands of low-income people in the Portland area who were randomly selected in a 2008 lottery to get Medicaid coverage with people who entered the lottery but remained uninsured. Those who gained coverage made 40 percent more visits to the emergency room than their uninsured counterparts. The pattern was so strong that it held true across most demographic groups, times of day, and types of visits, including for conditions that were treatable in primary care settings.

   The finding casts doubt on the hope that expanded insurance coverage will help rein in rising emergency room costs just as more than two million people are gaining coverage under the Affordable Care Act.

   Instead, the study suggests that the surge in the numbers of insured people may put even greater pressure on emergency rooms and increase costs. Nearly 30 million uninsured Americans could gain coverage under the law, about half of them through Medicaid. The first policies took effect on Wednesday.

This will only push up the costs of health care and increase the costs for consumers and tax payers.

This video explains in less than 8 minutes why healthcare in this country is so expensive and still sucks.

Published on Aug 20, 2013

In which John discusses the complicated reasons why the United States spends so much more on health care than any other country in the world, and along the way reveals some surprising information, including that Americans spend more of their tax dollars on public health care than people in Canada, the UK, or Australia. Who’s at fault? Insurance companies? Drug companies? Malpractice lawyers? Hospitals? Or is it more complicated than a simple blame game? (Hint: It’s that one.)

For a much more thorough examination of health care expenses in America, I recommend this series at The Incidental Economist: http://theincidentaleconomist….

The Commonwealth Fund’s Study of Health Care Prices in the US: http://www.commonwealthfund.or…

Some of the stats in this video also come from this New York Times story: http://www.nytimes.com/2013/06…

This is the first part in what will be a periodic series on health care costs and reforms leading up to the introduction of the Affordable Care Act, aka Obamacare, in 2014.

Raiding Worker Pensions to Balance the Budget

Hidden disaster in new budget: Demonic plot to raid pensions

Journalist David Dayen, explains how Illinois and other states are breaking contracts with workers and slashing pensions, why workers won’t be protected by Social Security, how large are the cuts workers are facing, why public sector workers are demonized, why public pensions funds are financially safer and more politically active, how the Murray Ryan budget deal slashes federal workers pensions, why federal workers are paying the price for small reversals in sequestration and why we are almost at the Ryan far right budget.

Dayen gave a detailed explanation how these cuts hurt not just military pensions but the pensions of every federal employee who inspects our food, works in veterans hospitals, investigates crimes at the FBI and generally ensures the smooth functioning of essential government services.

What you won’t hear about this new deal: Public workers will get eviscerated, to achieve “deficit reduction”

2013 has not been a pleasant year if you work for the federal government. You’ve been subject to pay freezes, furloughs and shutdowns. One of you got yelled at by a Tea Party Republican at the World War II memorial. And if Congress passes the budget deal announced Tuesday night by Rep. Paul Ryan and Sen. Patty Murray – a big if – you will get a final Christmas present: You’ll have to pay more into your pension, an effective wage cut that just adds to the $114 billion, with a “B,” federal employees have already given back to the government in the name of deficit reduction.

The deal between House and Senate negotiators Ryan and Murray would reverse part of sequestration for 2014 and 2015, itself a major source of pain for federal workers. But negotiators want to pay for that relief in future years, with the overall package cutting the deficit by an additional $23 billion. And one of the major “pay-fors” is an increase in federal employee pension contributions. President Obama’s 2014 budget included such a proposal, which would have raised the employee contribution in three stages, from 0.8 percent of salary to 2 percent. Congress had already made this shift for new hires; the Obama proposal would affect all workers hired before 2012.

That proposed increased contribution translated to a 1.2 percent pay cut, and a total of around $20 billion in givebacks over 10 years. Negotiators were pressured by the powerful Maryland Democratic delegation, including Minority Leader Steny Hoyer, House Budget Committee ranking member Chris Van Hollen and Senate Appropriations Committee chairwoman Barbara Mikulski, into softening the blow on federal employees, many of whom live in their districts. According to Sen. Murray, the increase in contributions now equals about $6 billion over 10 years. But negotiators traded some of the cuts to federal employee pensions with different cuts to military pensions, also totaling $6 billion. So whatever the occupation, people who work for the government will bear the brunt of the pain.

 

Could Snowden Get a Fair Trial in the US

NSA whistleblower Thomas Drake and Jessalyn Raddack, Edward Snowden’s legal adviser appeared on Meet the Press, December 29, discussed the NSA leaks by Snowden and why they believe that he could not get a fair trial in this country.

In editorials over New Year’s Day, the New York Times and The Guardian called on President Barack Obama to grant Edward Snowden some form of clemency or a pardon to allow him to return home.

Edward Snowden, Whistle-Blower

By The New York Times Editorial Board

Considering the enormous value of the information he has revealed, and the abuses he has exposed, Mr. Snowden deserves better than a life of permanent exile, fear and flight. He may have committed a crime to do so, but he has done his country a great service. It is time for the United States to offer Mr. Snowden a plea bargain or some form of clemency that would allow him to return home, face at least substantially reduced punishment in light of his role as a whistle-blower, and have the hope of a life advocating for greater privacy and far stronger oversight of the runaway intelligence community.  [..]

The shrill brigade of his critics say Mr. Snowden has done profound damage to intelligence operations of the United States, but none has presented the slightest proof that his disclosures really hurt the nation’s security. Many of the mass-collection programs Mr. Snowden exposed would work just as well if they were reduced in scope and brought under strict outside oversight, as the presidential panel recommended.

When someone reveals that government officials have routinely and deliberately broken the law, that person should not face life in prison at the hands of the same government. That’s why Rick Ledgett, who leads the N.S.A.’s task force on the Snowden leaks, recently told CBS News that he would consider amnesty if Mr. Snowden would stop any additional leaks. And it’s why President Obama should tell his aides to begin finding a way to end Mr. Snowden’s vilification and give him an incentive to return home.

Snowden affair: the case for a pardon

The Guardian Editorial, Comment is Free

Snowden gave classified information to journalists, even though he knew the likely consequences. That was an act of courage

Mr Snowden gave classified information to journalists, even though he knew the likely consequences. That was an act of some moral courage. Presidents – from Franklin Roosevelt to Ronald Reagan – have issued pardons. The debate that Mr Snowden has facilitated will no doubt be argued over in the US supreme court. If those justices agree with Mr Obama’s own review panel and Judge Richard Leon in finding that Mr Snowden did, indeed, raise serious matters of public importance which were previously hidden (or, worse, dishonestly concealed), is it then conceivable that he could be treated as a traitor or common felon? We hope that calm heads within the present administration are working on a strategy to allow Mr Snowden to return to the US with dignity, and the president to use his executive powers to treat him humanely and in a manner that would be a shining example about the value of whistleblowers and of free speech itself.

Attorney for Julian Assange and President Emeritus of the Center for Constitutional Rights (CCR) in New York discussed how the New York Times Editorial should have also supported other whistleblowers with Real News Network’s Jaisal Noor.



Full transcript can be read here

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

Bob Garfield: Who needs facts? We appear to be in the Post-Information Age now

Evidence? Ha. That’s for humanists, scientists and who knows what other dangerous-ists. It’s all about how we feel now

Remember the Information Age? That was such an interesting period, when digital technology and the thirst for understanding converged to give the human race unprecedented access to heaps of revealing data, contemporaneous and historical. All you had to do was analyze the information without prejudice and the secrets of the world unfolded before you – from the human genome to weekend crime in your town, from the value of the two-out stolen base to the origin of the universe.

But nothing lasts forever. Objective analysis is just so 2013. Facts are over, replaced by feelings and free-floating certainty. Sure, so-called Big Data will get bigger still, but only in service of targeted diaper advertising and spying on citizens. For everything that matters, as of now, we are smack in the Post-Information Age.

Amy Goodman: Congress to the Unemployed: Eat Confetti

Is this really how we want to start the new year, by denying unemployment benefits to more than a million Americans who have lost their jobs? The bipartisan budget agreement passed by Congress and signed by President Barack Obama protects military spending, but promises to throw the most desperate in our economy into increased financial hardship, thrusting hundreds of thousands of families beneath the poverty line. The long-term unemployment rate is at the highest it has been since World War II, while the percentage of those receiving the benefits is at its historic low. Meanwhile, Wall Street bankers are popping the corks, celebrating a banner year for the stock market. As brokers await their bonuses, many more of the unemployed will head for the breadlines.

Richard (RJ) Eskow: “Jobs or Inequality”? That’s No Choice at All

What’s the economic issue we should focus on – jobs, or inequality? An increasing number of people, including the President and New York’s new mayor, have suggested that inequality of wealth and opportunity is the defining issue of our time.

But some of the folks at the Washington Post’s “WonkBlog” are having none of it. First editor Ezra Klein declared that unemployment, not inequality, should be the left’s defining issue. That drew responses from the likes of Paul Krugman and Jared Bernstein (and yours truly, here). [..]

But why are we arguing about hypothetical futures and ignoring the very real present? We’re still in a situation where the “multiplier effect” – the amount of growth which can be achieved through government spending – is very high. The situation cries out for higher taxation on the wealthy and corporations, coupled with investment in jobs and growth. In other words, it calls out for the very same policies which would reduce inequality.

In the end it’s one challenge, not two or three.

Jill Filipovic: The nuns’ Obamacare contraception lawsuit isn’t about religious freedom

Catholic groups claim that filling out a form violates their beliefs. But they really want to mandate that we share the same values

Does religious liberty extend to the right to not have to fill out paperwork? That’s the latest position religious organizations are taking against the Affordable Care Act (ACA). It’s crazy, yes. But, welcome to the future of “religious freedom” litigation.

On New Years Eve, supreme court Justice Sonia Sotomayor issued an injunction blocking the Obama administration from implementing the aspect of the ACA known as the “contraception mandate”, which requires employee insurance plans to cover a range of preventative women’s health needs. The government has until today to respond. The injunction itself is standard legal procedure, and says little about how Sotomayor or the rest of the court will rule on the merits of the case. But the lawsuit itself, and the related suits challenging the contraception mandate, offer an increasingly troubling look at just how far peddlers of far-right ideology will go not just to claim their own right to live according to their beliefs, but to mandate that you and I do the same.

Dirk van Zyl Smit: Even life prisoners should have hope and a chance to change

Considering someone for release is not the same as releasing them. David Cameron’s proposed 100-year sentence would be much like a death penalty

Why would one consider releasing someone who committed a heinous murder and was subsequently sentenced to life imprisonment? This is not a question that troubles everyone. The prime minister, for example, was quoted on Thursday as saying: “There are some people who commit such dreadful crimes that they should be sent to prison and life should mean life.” He clearly supports the current system where, in particularly serious cases, a court may add a whole life order to a sentence of life imprisonment and thus prevent release ever being considered.

The question is not so easily dismissed, however. A commitment that we will never consider the release of some offenders serving life sentences, except perhaps when they are at death’s door, means that we write them off permanently. It means that we deny that with the passage of time they may change for the better; or that we may change our assessment of their crimes.

Worse still, we are denying some fellow humans all hope. In that sense we are putting them in the same position as those awaiting execution on death row.

E. J. Dionne, Jr.: The Resurgent Progressives

The re-emergence of a Democratic left will be one of the major stories of 2014. Moderates, don’t be alarmed. The return of a viable, vocal left will actually be good news for the political center.

For a long time, the American conversation has been terribly distorted by the existence of an active, uncompromising political right unbalanced by a comparably influential left. As a result, our entire debate has been dragged more and more in a conservative direction, meaning that the center is pushed that way too.

Consider what this means in practice. Obamacare is not a left-wing program, no matter how often conservatives might say it is. Its structure is based on conservative ideas. The individual mandate was the conservatives’ alternative to a mandate on employers. The health care exchanges are an alternative to government-provided medicine on the Medicare model.

The Inauguration of NYC’s New Mayor Bill De Blasio

As of 12:01 on January 1, New York City saw a “regime change” and Wall Street’s mayor Michael Bloomberg departed stage right. As DSWright at FDL News Desk pointed out the former mayor was looking peeved during yesterday’s public swearing in of the the new mayor, Bill De Blasio, whose election was a slap in the face to Bloomberg and his policies. It was hard for “Mayor Mike” to put on a happy face while he was being chastised by activist Harry Bellafonte.

The inauguration opened with a speech by one of de Blasio’s biggest supporters, long time activist Harry Belafonte who condemned Bloomberg’s New York as “Dickensian.” Belafonte then went on to discuss changing the Stop and Frisk law to push back against a racist justice system. De Blasio made ending Stop and Frisk one of his key campaign pledges .

A speech was also given by President Bill Clinton who noted that de Blasio had served in his administration in the Department of Housing and Urban Development and as a campaign manager for Hillary Clinton’s Senate campaign. Clinton was one of the few speakers to celebrate Bloomberg’s tenure as mayor before pivoting to say that inequality was a problem that “bedeviled the country.” He then swore de Blasio in as mayor.



Full transcript of Mayor De Blasio can be read here.

Welcome To The People’s Republic Of The Big Apple

By Charles Pierce, Esquire Politics Blog

Well, New York inaugurated a new mayor and that was the cue for a lot of people to lose their shit almost entirely. It’s a rare day in January when you hear the plaintive wailing of conservatives, “Help us, Bill Clinton. You’re our only hope.” [..]

It hardly needs be said that Bill de Blasio was elected to do certain things and that, as mayor, he intends to do them. Some of them will get done. Some of them won’t. Long ago, I sat with a guy named Frank P. Zeidler, who once was mayor of Milwaukee and was an actual Socialist, the last of his party to be elected mayor of a major American city. He explained that, in his day, and as a practical matter,  being a “Socialist” mayor meant you were in favor of things like filling potholes everywhere in the city, and that you believed in the concept of a municipal fire department. Within my lifetime, what de Blasio proposed in his inaugural address was little more than what most mayors were expected to provide for the citizens of their cities. That this is seen as revolutionary is nothing more than a measure of where the country’s politics have gone adrift.  But if he does represent a renewed vigor in what Howard Dean liked to call the Democratic wing of the Democratic party, then what de Blasio represents has the potential to wrong-foot the Clintons in a very interesting way. He is connected to them — and to Cuomo, another ambitious trimmer — by his resume, but no longer by his politics. That matters less than whether or not de Blasio actually can wrench the city over which he presides in the direction he would like it to go. The Scary Liberal is still a formidable bogeyman to people terrified of their own best interests.

We wish the “scary liberal, socialist” Mayor De Blasio the best of luck, he’s going to need a lot of it to achieve his goals.

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

Michael Moore: The Obamacare We Deserve

Today marks the beginning of health care coverage under the Affordable Care Act’s new insurance exchanges, for which two million Americans have signed up. Now that the individual mandate is officially here, let me begin with an admission: Obamacare is awful.

That is the dirty little secret many liberals have avoided saying out loud for fear of aiding the president’s enemies, at a time when the ideal of universal health care needed all the support it could get. Unfortunately, this meant that instead of blaming companies like Novartis, which charges leukemia patients $90,000 annually for the drug Gleevec, or health insurance chief executives like Stephen Hemsley of UnitedHealth Group, who made nearly $102 million in 2009, for the sky-high price of American health care, the president’s Democratic supporters bought into the myth that it was all those people going to get free colonoscopies and chemotherapy for the fun of it.

Trevor Timm: President Obama Claims the NSA Has Never Abused Its Authority. That’s False

The facts that we know so far – from Fisa court documents to LOVEINT – show that the NSA has overstepped its powers

Time and again since the world learned the extent of what the NSA was doing, government officials have defended the controversial mass surveillance programs by falling back on one talking point: the NSA programs may be all-powerful, but they have never been abused.

President Obama continually evokes the phase when defending the NSA in public. In his end-of-year press conference, he reiterated, “There continues not to be evidence that the [metadata surveillance] program had been abused”. Former NSA chief Michael Hayden says this almost weekly, and former CIA deputy director and NSA review panel member Mike Morrell said it again just before Christmas. This mantra is likely to be repeated often in 2014 as Obama is set to address the nation on government surveillance, and Congress and the president debate whether any reforms are necessary.

There’s only one problem: it’s not true.

Jeff Faux: NAFTA, Twenty Years After: A Disaster

New Year’s Day, 2014, marks the 20th anniversary of the North American Free Trade Agreement (NAFTA). The Agreement created a common market for goods, services and investment capital with Canada and Mexico. And it opened the door through which American workers were shoved, unprepared, into a brutal global competition for jobs that has cut their living standards and is destroying their future. [..]

By any measure, NAFTA and its sequels has been a major contributor to the rising inequality of incomes and wealth that Barack Obama bemoans in his speeches. Yet today — channeling Reagan, the Bushes and Clinton — the president proposes two more such trade deals: the Trans-Pacific Partnership with eleven Pacific Rim countries and a free trade agreement with Europe.

Richard Klass: The Road to Wars

Senator Robert Menendez (D-NJ), chairman of the Senate Foreign Relations Committee, has introduced legislation that sets the United States on the road to war with Iran and the road to an internal war within the Democratic Party.

If the first-step deal collapses, there will be no problem in quickly instituting new sanctions. And there will certainly be calls for military action, no matter how short-term the results would be. But if the collapse is triggered by a U.S. unilateral action, the coalition now enforcing those sanctions could well collapse. This undermining of the president’s negotiating authority and international cooperation is as unprecedented as it is dangerous.

The second danger in this bill is that it encourages an Israeli attack on Iran.

Robert Sheer: NSA, Benghazi and the Monsters of Our Own Creation

If we are so smart why are we so dumb? I am referring to the “intelligence” that our spy agencies have gathered at great cost in both massive secret black box budgets and, much more important, the surrender of our personal freedom to the snooping eyes of our modern surveillance state. [..]

Take the revelations in The New York Times’ exhaustive six-part investigation published Saturday demonstrating that the devastating 2012 attack in Benghazi, Libya, was an intelligence disaster. The Times “turned up no evidence that Al Qaeda or other international terrorist groups had any role in the assault” that led to the death of the U.S. ambassador and three other Americans. Instead, a local militia leader on the side of the U.S.-supported insurrection in Libya with no known affiliation with al-Qaida is a prime suspect, and he and others allegedly responsible were not on the radar screen of the 20-person CIA station in Benghazi because they were part of the insurgency the U.S. supported. [..]

The excuse is that this sacrifice of our freedom will make us more secure, as in the misnamed “National Security Agency,” by knowing more about our “enemies.” But the record is unmistakably the opposite, that this relinquishing of privacy and transparency has stifled genuine public debate about the goals of our policy and left us both stupid and weak.

The Return of Irrational Exuberance

Wall Street had a boomer of a year, everyone else not so much.

Stock Market Has Great Year, You… Not So Much

By Mark Gongloff, Huffington Post

This has been the best year for the U.S. stock market in at least 16 years. But that great news is meaningless for many Americans. [..]

But only about half of Americans own stocks, including those in retirement accounts. Meanwhile, corporate profits are soaring largely because companies have been squeezing costs — especially labor costs. In the chart below, tracking the change in average hourly wages for private-sector workers against corporate profits and stock prices since the stock market bottomed in March 2009, you’ll notice one line is badly lagging.

Aver Hourly Earning v Corp Profits photo original_zps5f9f65e3.jpg

Click on image to enlargew

You guessed it: The lagging line is your sad hourly earnings. They have barely budged since the market bottomed in 2009, while the Dow has skyrocketed 153 percent. Between November 2012 and November 2013, the latest data available, hourly wages for nonsupervisory workers rose just 2.1 percent, just barely ahead of inflation.

Gongloff concludes that Wall Streeters are “bullish on 2014,” others not so much. Our friend David Cay Johnston looks at tech stocks, like FaceBook and Twitter, that essentially have no profits, yet, through speculators and the Federal Reserve policy of nearly zero interest rates, these stock have greatly exaggerated value.

The coming stock market collapse

By David Cay Johnston, Al Jazeera America

Tech stocks have returned to bubble levels, thanks to PR, weak financial journalism and cheap credit

Markets can benefit from speculators, who take risks that prudent people and institutions should avoid, but speculators should represent the edges, not the core of the market.

It’s bad enough that the financial press allows the inflated commentary of tech companies to go unchallenged. But why in the world should Americans tolerate hedge funds and other speculators being subsidized with cheap and easy credit, thanks to the Federal Reserve’s policy of near-zero interest rates?

Only speculators would buy companies with no profits. And only subsidized speculators would bid up prices on companies with a PR in three digits, like Twitter.

Back in 1995, Alan Greenspan, then chairman of the Federal Reserve, asked a rhetorical question about stock prices, “How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions, as they have in Japan over the past decade?”

We now suffer through a prolonged period with high unemployment, flat to falling wages for most workers and unrealized potential for economic growth. But the speculators are making out like bandits, thanks to government suppression of interest rates, allowing massive borrowing by offshore hedge funds, and to lax rules for both accounting and trading.

Given the history of stock markets since 1995 and today’s blinking red indicators, no one can rationally claim they were not warned when the next collapse comes, as surely it will.

Price Earning Ratio photo src_zpsbe35908b.jpg

Click on image to enlarge.

So what will happen to the market when the Fed starts to raise interest rates? 2014 may not be the “boom” that Wall Street expects.

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”.

Wednesday is Ladies’ Day.

Follow us on Twitter @StarsHollowGzt

New York Times Editorial Board: Saying ‘I Do’ Amid the Roses

By all accounts, the standout entry in Wednesday’s Tournament of Roses Parade in Pasadena, Calif., will surely be the marriage of two men, Danny Leclair and Aubrey Loots, beaming amid the array of lavishly flowered floats to be viewed on national television and beyond. [..]

Opponents of the single-gender nuptial display in the hallowed parade have dished heavy umbrage in petitions and blogs, calling it “unbiblical” and urging a boycott by onlookers. But the tournament executives have said they are pleased that love will triumph on a day when the tournament theme is “Dreams Come True.” [..]

And now, Danny and Aubrey saying I do. The new couple’s float is titled, “Living the Dream: Love Is the Best Protection.” It is hard to disagree as the new year parades forward.

Robin Hardman: What Really Matters

What is essential to a great culture, as I’ve said before and will say again, is according people respect and allowing them to have control over their time and their work.

Oh, yes, and a couple more things: a living wage and — for all but the very smallest companies — access to decent healthcare. In fact, both Maslow’s hierarchy of needs and plain old common sense would suggest that being able to afford to eat, pay rent and see a doctor are surely the most important building blocks of a great company culture.

Yet, the year that’s just ended was rich with news about employers that would seem to have put a lot of energy into denying their employees these basic rights. While it can be tough to sort out facts from “truthiness” when news is filtered through politics on both the left and the right — especially news related to the Affordable Care Act — a few things can be said: [..]

Heather Linebaugh: I Worked on the US Drone Program. The Public Should Know What Really Goes On

Few of the politicians who so brazenly proclaim the benefits of drones have a real clue how it actually works (and doesn’t)

The US and British militaries insist that this is such an expert program, but it’s curious that they feel the need to deliver faulty information, few or no statistics about civilian deaths and twisted technology reports on the capabilities of our UAVs. These specific incidents are not isolated, and the civilian casualty rate has not changed, despite what our defense representatives might like to tell us.

What the public needs to understand is that the video provided by a drone is a far cry from clear enough to detect someone carrying a weapon, even on a crystal-clear day with limited clouds and perfect light. This makes it incredibly difficult for the best analysts to identify if someone has weapons for sure. One example comes to mind: “The feed is so pixelated, what if it’s a shovel, and not a weapon?” I felt this confusion constantly, as did my fellow UAV analysts. We always wonder if we killed the right people, if we endangered the wrong people, if we destroyed an innocent civilian’s life all because of a bad image or angle.

Madeline Ostrander: Can the Stuck-in-Place Economy Help Us Face Climate Change?

New studies show that people with deep roots in the place where they live are better equipped to handle upheavals of the type that come with climate change.

After I finished high school in the flat, square corn country of central Illinois, I fled-along with many of my fellow classmates. We chased jobs or graduate school in places like San Francisco, New York, or Washington, D.C. I settled in Seattle. It wasn’t until I hit my 30s that I became aware of the social costs of this mobility. [..]

According to recent environmental research, this could also mean that I am less equipped to cope-if, say, an emergency strikes-than someone who’s better connected to Seattle. Sense of place, community, and rootedness aren’t just poetic ideas. They are survival mechanisms. [..]

The most foreboding trends now and in the decades ahead may stem from climate change-disasters like drought and flooding that devastate some places and force people to move. As we face this kind of world, some communities might endure precisely because people have dug in, rooted themselves, and developed the kinds of generosity, adaptiveness, and foresight that come from knowing where they are.

Joyde Walker: The Choice is Ours: Austerity or Shared Bounty

For all I have gained as the result of my financial struggles, I consider myself blessed. You might wonder how I can say that, when, at the end of December, I’m still working with my winterizing kit, consisting of staple gun, duct tape, and cardboard, trying to insulate against the air leaks that drive my heating bill up. But because of my hardships, I have become more sensitive to the hard times many around me are facing, and feel compelled to share what little I have.

Because of incessant increases in the cost of living, I sometimes have a hard time meeting my expenses. Still, I am more fortunate than some lacking adequate food or shelter because the people setting standards don’t consider them deserving or needy enough to receive help. But thanks partly to the fidelity of family and friends, I am able to keep food enough to share with a few others also struggling to make ends meet.

Nell Minow: Before Academics Complain About Conflicts of Interest, They Should Disclose Their Own

Academics who study business love to talk about the power of incentives and the importance of full information to enable the most effective and efficient decisions. Unless it applies to them.

As David Kocieniewski reported in the New York Times on December 27, 2013, “academic experts” who testify and make filings in favor of business-friendly regulations and rulings often fail to disclose the corporate sources of funding for their research. While they appear to represent the ivory tower virtues of scholarly integrity, with fidelity to nothing but the truth, they are in fact advocates who are paid to take the positions they promote. [..]

Inside Job, the superb documentary about the financial meltdown, has a devastating scene with Glenn Hubbard, the Dean of Columbia’s Graduate School of Business, refusing to discuss the payments he receives from the financial services industry. As one commenter on the Times article noted, “Nothing is funnier than watching people who study economics declare that money can’t possibly have any influence on their work.”

Every Stroke You Make

Yes, quite literally the NSA will be watching every keystroke you make on you computer, cell phone, or i-pad. How you say? Quite simply collusion with the the telecommunications industry along with companies like Microsoft and through its special unit of hackers within the agency’s department for Tailored Access Operations (TAO). In an article in Der Spiegel, these specialists are described as as “master carpenters” who step in when the usual hacking and data-skimming methods fail. These hackers at ANT, which may stand for Advanced or Access Network Technology, step in with their special tools to get the job done.

These NSA agents, who specialize in secret back doors, are able to keep an eye on all levels of our digital lives — from computing centers to individual computers, and from laptops to mobile phones. For nearly every lock, ANT seems to have a key in its toolbox. And no matter what walls companies erect, the NSA’s specialists seem already to have gotten past them.

This, at least, is the impression gained from flipping through the 50-page document. The list reads like a mail-order catalog, one from which other NSA employees can order technologies from the ANT division for tapping their targets’ data. The catalog even lists the prices for these electronic break-in tools, with costs ranging from free to $250,000. [..]

Some of the equipment available is quite inexpensive. A rigged monitor cable that allows “TAO personnel to see what is displayed on the targeted monitor,” for example, is available for just $30. But an “active GSM base station” — a tool that makes it possible to mimic a mobile phone tower and thus monitor cell phones — costs a full $40,000. Computer bugging devices disguised as normal USB plugs, capable of sending and receiving data via radio undetected, are available in packs of 50 for over $1 million. [..]

The ANT division doesn’t just manufacture surveillance hardware. It also develops software for special tasks. The ANT developers have a clear preference for planting their malicious code in so-called BIOS, software located on a computer’s motherboard that is the first thing to load when a computer is turned on.

In another article at FDL‘s Dissenter, Peter Van Buren notes that private enterprise have also become the “tools of the national security state

Once the NSA identifies a “target” (whom we’ll refer here to as “You”), the NSA needs to know when You order a new laptop they want to intercept. That means the NSA has to spy on Your credit card, Your online activities and/or probe into the ordering systems of places like Amazon, Dell and the like. Perhaps there is a sort of “no fly” list distributed to manufacturers that requires notification to the NSA when someone like You on it buys something. Or all of the above.

The NSA then must know when and how Your laptop will be sent to you. That means they need to have been accessing the computer systems of Amazon, Dell and the like, and/or UPS, Fedex and other shippers. Or all of the above.

The NSA then has to have physical access to the warehouse of the shipping company. Or, the shipping company has to agree to mark your package, and deliver it instead to an NSA location. That all means the shipping companies are in on the NSA plot, or the NSA has to be hacking into the shipping companies’ data systems and substituting their address for Yours.

Once in NSA hands, Your package has to be opened, and Your laptop must be altered in some undetectable way. They can’t steam open a box like a letter in the old movies; someone has to open it physically and then get it all buttoned up again without a trace. Does the NSA have a way to unstick packing tape and reseal internal bags, or do they have a ready supply from Dell and Apple of packing materials?

Lastly, the NSA has to return the package into the shipping stream. That means the box, with say Amazon’s return address and Your home address, has to reenter say Fedex’s system from a third location without too many people knowing it happened. It would not do for the low-level UPS guy to pick up a ton of boxes everyday from a nondescript warehouse, all with third-party address labels. This strongly suggests cooperation by the shipping companies.

You then open Your new laptop on Christmas morning. Yeah, be sure to select a secure password. [..]

What we have here is an example of the depths into which You have fallen. The government has recruited private industry into its national security state, down to the level of the Fedex guy delivering packages to Your door in time for Christmas. For those of You who still foolishly insist that such spying is OK because they “have nothing to hide,” I sure as hell hope You are right, because whatever You do have now belongs to Them.

It is fairly certain that whether or not the NSA will be allowed to continues its bulk collection of data will be argued before the Supreme Court after two conflicting ruling from lower courts on the constitutionality of the program. Jameel Jaffer, ACLU deputy legal director and director of its Center for Democracy; and Glenn Greenwald, the journalist who first broke the story about Edward Snowden’s NSA leaks joined Amy Goodman at Democracy Now! to discuss the court rulings and how the NSA can literally watch every keystroke you make.



Transcript can gbe read here.



Transcript can be read here

Thank you, Edward Snowden.

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