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: A Bipartisan Warning on Surveillance

Lawmakers have given the Obama administration a bipartisan warning: patience is growing thin with its expansive and unwarranted surveillance of Americans.

In one of the most unusual votes in years, the House on Wednesday barely defeated an amendment to curtail the National Security Agency’s collection of every phone record, limiting it to records of people targeted in investigations. The vote was 205 to 217, and what was particularly remarkable was that 94 Republicans supported the limits, along with 111 Democrats who stood up to intense lobbying by the White House and its spy agencies. [..]

A 51 percent majority in the House with strongly bipartisan opposition is hardly a vote of confidence in a program as intrusive as universal phone-record collection. More and more lawmakers and voters are starting to pay attention to the arguments of longtime intelligence critics like Senator Ron Wyden of Oregon, who said on Tuesday that the opportunity had finally arrived to stop an omnipresent surveillance state that once seemed irreversible.

Norman Solomon: Obama’s Willing Executioners of the Fourth Amendment

It’s now painfully clear that the president has put out a contract on the Fourth Amendment. And at the Capitol, the hierarchies of both parties are stuffing it into the trunks of their limousines, so each provision can be neatly fitted with cement shoes and delivered to the bottom of the Potomac.

Some other Americans are on a rescue mission. One of them, Congressman Justin Amash, began a debate on the House floor Wednesday with a vow to “defend the Fourth Amendment.” That’s really what his amendment — requiring that surveillance be warranted — was all about.

No argument for the Amash amendment was more trenchant than the one offered by South Carolina Republican Jeff Duncan, who simply read the Fourth Amendment aloud.

Peter S. Goodman: Larry Summers Is An Unrepentant Bully

The realm of the Federal Reserve is arcane to most people, but suffice it to say that it is in something like a control tower overseeing a busy major airport: It is supposed to recognize dangers early enough to do something about them. The Fed tightens the flow of money when investment bubbles begin to emerge. It eases the credit taps when the economy is slowing. It is the ultimate overseer of the financial system, the institution that is supposed to be looking out for signs of dangerous speculation and inadequate transparency. [..]

Summers is temperamentally ill-suited for this all-important job. His life can be summed up in a simple equation: Brilliance plus arrogance yields perilous foolishness. His absolute faith in the soundness of his views coupled with his demonstrable tendency to disdain people who disagree have put him on the wrong side of history. We can do far better than hand him the keys to the Fed.

Paul Krugman: Republican Health Care Panic

Leading Republicans appear to be nerving themselves up for another round of attempted fiscal blackmail. With the end of the fiscal year looming, they aren’t offering the kinds of compromises that might produce a deal and avoid a government shutdown; instead, they’re drafting extremist legislation – bills that would, for example, cut clean-water grants by 83 percent – that has no chance of becoming law. Furthermore, they’re threatening, once again, to block any rise in the debt ceiling, a move that would damage the U.S. economy and possibly provoke a world financial crisis.  

Yet even as Republican politicians seem ready to go on the offensive, there’s a palpable sense of anxiety, even despair, among conservative pundits and analysts. Better-informed people on the right seem, finally, to be facing up to a horrible truth: Health care reform, President Obama’s signature policy achievement, is probably going to work.

Chase Madar: The Sky Darkens for American Journalism

The future of the American media is being decided in a military court

Bradley Manning released hundreds of thousands of government documents and files to Wikileaks, most famous among them the unclassified video Wikileaks dubbed, “Collateral Murder”, a harrowing gun-sight view of an Apache helicopter slaughtering a couple of armed men and a much larger group of civilians on a Baghdad street in July, 2007.

The court-martial of Pfc. Manning, finally underway over three years after his arrest, is likely to cause a great deal of collateral destruction in its own right. In this case the victim will be American journalism.

John Nichols: Potemkin Checks & Balances: Boehner Blocks Real Action to Limit Syria Entanglement

President Obama and House Speaker John Boehner are agreed on one thing: they both want to get the United States more actively engaged in the fighting in Syria.

Obama announced last month that he hopes to ship arms to the Syrian opposition forces that are fighting to oust President Bashar al-Assad. Boehner said this week that the president’s Syrian gambit “is in our nation’s best interest.” [..]

But, make no mistake, an “in our nation’s best interest” quote from Boehner and an Intelligence Committee “consensus” ought not be read as congressional approval for a project that threatens to involve the United States in another war in another Middle Eastern country.

Chris Hedges: Moving Forward

In Part 6 of a series of interviews by Paul Jay of Real News Network, journalist and author, Chris Hedges discusses issues of corporate control, and “the grim realities” facing the economy and environment:

The more we create self-sustainable systems that are local, the more we sever ourselves from these corporate forces, the less we need them. And the less we need them-I mean, let’s remember that 70 percent of the U.S. economy is driven through consumption-the less we need them, the more we impoverish them. I mean, the goal has to be to break these corporate power, this entity that has seized control of our government, our systems of communication, our judiciary.

I mean, now we’re watching them eviscerate our systems of education. Anytime hedge fund managers walk into a city like Baltimore and propose charter schools, it’s not because they want to teach people to read and write. It’s because they know the federal government spends about $600 billion a year on education, and they want it, and they’re getting it.

So I think that building local centers that are self-sustaining and that can create forms of community that are not dependent on these corporate forces is a political act, because these corporate forces need us to continue to consume their products and rely on their services. And the less we consume and the less we are hostage, the less we need these forces, the more independent we become.

Now, that has to come with a kind of political consciousness, but I think they come hand-in-hand, that both things-I think that as people take control, once again, of their own lives, that will bring a kind of consciousness, because these corporate forces, especially if they begin to feel threatened, are going to see these acts as political acts and are going to move-as we have seen corporate farming move against organic farming, they are going to move to try and destroy these forces.



Transcript can be read here

Detroit a Capitalist Failure

Detroit’s decline is a distinctively capitalist failure

by Richard Wolff, The Guardian

The auto industry Big Three were loyal only to shareholders, not the people of Detroit. The city was gutted by that social choice

Capitalism as a system ought to be judged by its failures as well as its successes.

The automobile-driven economic growth of the 1950s and 1960s made Detroit a globally recognized symbol of successful capitalist renewal after the great depression and the war (1929-1945). High-wage auto industry jobs with real security and exemplary benefits were said to prove capitalism’s ability to generate and sustain a large “middle class”, one that could include African Americans, too. Auto-industry jobs became inspirations and models for what workers across America might seek and acquire – those middle-class components of a modern “American Dream”.

True, quality jobs in Detroit were forced from the automobile capitalists by long and hard union struggles, especially across the 1930s. Once defeated in those struggles, auto capitalists quickly arranged to rewrite the history so that good wages and working conditions became something they “gave” to their workers. In any case, Detroit became a vibrant, world-class city in the 1950s and 1960s; its distinctive culture and sound shaped the world’s music much as its cars shaped the world’s industries.

Over the past 40 years, capitalism turned that success into the abject failure culminating now in the largest municipal bankruptcy in US history.

Richard Wolff: Detroit a “Spectacular Failure” of System that Redistributes Pay from Bottom to Top

Kicking off a series of speeches about the economy, President Obama told a crowd in Illinois on Wednesday that reversing growing inequality and rejuvenating the middle class “has to be Washington’s highest priority.” During his remarks, Obama failed to mention the bankruptcy filing by Detroit, where thousands of public workers are now fighting to protect their pensions and medical benefits as the city threatens massive cuts to overcome an estimated $18 billion in debt. Detroit’s bankruptcy “is an example of a failed economic system,” says economist Richard Wolff, professor emeritus of economics at University of Massachusetts



Transcript can be read here.

Don’t buy the right-wing myth about Detroit

by David Sirota, Salon

Conservatives want you to think high taxes drove people away. The real truth is much worse for their radical agenda

In the wake of Detroit’s bankruptcy, you may be wondering: How could anyone be surprised that a city so tied to manufacturing faces crippling problems in an era that has seen such an intense public policy assault on domestic American manufacturing? You may also be wondering: How could Michigan officials possibly talk about cutting the average $19,000-a-year pension benefit for municipal workers while reaffirming their pledge of $283 million in taxpayer money to a professional hockey stadium?

These are fair questions – and the answers to them can be found in the political mythology that distorts America’s economic policymaking.

As mythology goes, the specific story being crafted about Detroit’s bankruptcy is truly biblical – more specifically, just like the fact-free mythology around the Greek financial collapse, it is copied right from the chapter in the conservative movement’s bible about how to distort crises for maximum political effect.

 

Yemeni Journalist Freed Over Obama’s Objections

Yemeni journalist who reported US missile strike is released from jail

by Tom McCarthy, The Guardian

Abdulelah Haider Shaye, imprisoned on charges of being an al-Qaida operative, reportedly had pardon revoked by US request

A Yemeni journalist who was kept in prison for years at the apparent request of the Obama administration has been released in the Yemeni capital of Sana’a, according to local reports.

Abdulelah Haider Shaye was imprisoned in 2010, after reporting that an attack on a suspected al-Qaida training camp in southern Yemen for which the Yemeni government claimed responsibility had actually been carried out by the United States. Shaye had visited the site and discovered pieces of cruise missiles and cluster bombs not found in Yemen’s arsenal, according to a Jeremy Scahill dispatch in the Nation. [..]

Jeremy Scahill Condemns White House Opposition To Freeing Of Abdulelah Haider Shaye

by Jack Mirkinson, The Huffington Post

Jeremy Scahill blasted the Obama administration on Thursday for its opposition to the release of Yemeni journalist Abdulelah Haider Shaye from prison. [..]

Shaye was finally freed on Tuesday; the White House said it was “concerned and disappointed” about the release.

Speaking on “Democracy Now,” Scahill said that Shaye had been imprisoned “because he had the audacity to expose a U.S. cruise missile attack that killed three dozen women and children, and the United States had tried to cover it up.” He harshly criticized Obama for pressing for his continued imprisonment.

“My question for the White House would be you want to co-sign a dictator’s arrest of a journalist, beating of a journalist, and conviction in a court that every human rights organization in the world has said was a sham court?” he said. “That’s the side that the White House is on right now. Not on the side of press freedom around the world. They’re on the side of locking up journalists who have the audacity to actually be journalists.”



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

New York Times Editorial Board: Realities in Global Treatment of H.I.V.

The World Health Organization recently issued aggressive new guidelines for treating people infected with H.I.V., the virus that causes AIDS. The guidelines are a welcome step forward but fall short of the treatment goals that could and should be set.

The missing ingredient is enough financing by international donors and many afflicted countries to make treatments widely available.

Currently, an estimated 34 million people around the world are infected with H.I.V., mostly in sub-Saharan Africa. About 9.7 million of them are being treated with antiviral drugs that can prolong their lives for decades. Some seven million more were eligible for the drugs under the previous guidelines but are not yet receiving them.

David Firestone: Boehner’s Hearing Problem

Does Speaker John Boehner speak the same language as the rest of Washington?

Last week, Ben Bernanke, the Federal Reserve chairman, told Congress that it was the biggest threat to economic growth in this country. And he wasn’t the least bit ambiguous about why: unnecessary austerity and dangerous threats to refuse to raise the debt ceiling. [..]

But Mr. Boehner apparently heard a different speech. Or perhaps a different Fed chairman. Or maybe, like so many Republicans, he has his news pre-digested for him by media outlets so that it comes out more to his taste.

Richard (RJ) Eskow: Tom Friedman: A New Ayn Rand for A Dark Digital Future

If Thomas Friedman didn’t exist, America’s high-tech entrepreneurs would have had to invent him.  Come to think of it, maybe they did. The dark science-fiction vision he celebrates serves them well, at pretty much everyone else’s expense.

Friedman’s vision is worth studying, if only because it reflects the distorted perspective of some very wealthy and influential people. In their world the problems of the many are as easily fixed as a line of code, with no sacrifice required of them or their fellow billionaires.

Case in point: 15 or 20 million Americans seeking full-time employment? To Thomas Friedman, that’s a branding problem.

Mark Gongloff: The Many Reasons Larry Summers Would Be A Terrible Fed Chairman

It’s official: Pretty much everybody thinks Larry Summers would make a terrible Federal Reserve chairman.

Everybody, that is, except for the one guy whose vote matters*: President Obama, who has apparently decided that Summers is now the front-runner for the Fed job, according to the Washington Post’s Ezra Klein. MSNBC’s Christopher Hayes reported that the White House has “all but decided” to pick Summers. And CNBC’s John Harwood also reported on Monday that, when asked if Summers was the top candidate for the post, Obama said he “should be.”

No! No, President Obama, he should not be. Let us all hope that this is simply some kind of very frightening trial balloon and not reality. Because Larry Summers, the former Treasury Secretary, Harvard president, Obama economic adviser, toxic-waste-dump-finder, woman-disser and Winklevoss dream-crusher, would be wrong for the job in so many ways. I could write you several hundred words about that, as I did last year when Summers’ name was on the list of potential presidents of the World Bank.

But I don’t have to do that, because the Internet did it for me yesterday, almost immediately after Klein’s story was published.

Philip Giraldi: Edward Snowden is no ‘traitor’

Far from aiding our enemies, the NSA whistleblower has exposed our own government’s subversion of Americans’ rights

There are a number of narratives being floated by the usual suspects to attempt to demonstrate that Edward Snowden is a traitor who has betrayed secrets vital to the security of the United States. All the arguments being made are essentially without merit. Snowden has undeniably violated his agreement to protect classified information, which is a crime. But in reality, he has revealed only one actual secret that matters, which is the United States government’s serial violation of the fourth amendment to the constitution through its collection of personal information on millions of innocent American citizens without any probable cause or search warrant.

That makes Snowden a whistleblower, as he is exposing illegal activity on the part of the federal government. The damage he has inflicted is not against US national security, but rather on the politicians and senior bureaucrats who ordered, managed, condoned, and concealed the illegal activity.

Robert Reich: Why Republicans Are Disciplined and Democrats Aren’t

Republican discipline and Democratic lack of discipline isn’t a new phenomenon. As Will Rogers once said, “I’m not a member of any organized political party. I’m a Democrat.”

The difference has to do with the kind of personalities the two parties attract. People who respect authority, follow orders, want clear answers, obey commands, and prefer precise organization and control, tend to gravitate toward Republicans.

On the other hand, people who don’t much like authority, recoil from orders, don’t believe in clear answers, often disobey commands, and prefer things a bit undefined, tend to gravitate to the Democrats.

In short, the Republican Party is the party of the authoritarian personality; the Democratic Party is the party of the anti-authoritarian personality.

Hoarding Commodities: Big banks making a buck off of…a can of soda?

In the New York Times late last week there was a report how Goldman Sachs is manipulating aluminum commodities that is costing American consumer billions of dollars. This is how it works:

The story of how this works begins in 27 industrial warehouses in the Detroit area where a Goldman subsidiary stores customers’ aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three times a day, sometimes more, the drivers make the same circuits. They load in one warehouse. They unload in another. And then they do it again.

This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange, an investigation by The New York Times has found. The back-and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal. It also increases prices paid by manufacturers and consumers across the country. [..]

Only a tenth of a cent or so of an aluminum can’s purchase price can be traced back to the strategy. But multiply that amount by the 90 billion aluminum cans consumed in the United States each year – and add the tons of aluminum used in things like cars, electronics and house siding – and the efforts by Goldman and other financial players has cost American consumers more than $5 billion over the last three years, say former industry executives, analysts and consultants.

All In host Chris Hayes spoke with Sen. Sherrod Brown (D-OH) about the newly revealed practice by Goldman Sachs to skirt price regulations on a product we use every day-aluminum-costing American consumers billions of dollars and it ain’t just aluminum.

U.S. Weighs Inquiry Into Big Banks’ Storage of Commodities

by Gretchen Morgenson and David Kocieniewski, New York Times

The overarching question is whether banks should control the storage and shipment of commodities, and whether such activities could pose a risk to the nation’s financial system.

But other crucial issues are expected to arise as well. Among them is how Wall Street’s push into these markets has affected the prices paid by manufacturers and ultimately consumers. Another is whether Goldman and Morgan Stanley have operated their storage facilities at arms’ length from their banking business, as required by regulators.

Goldman has exploited industry pricing regulations set by the London Metal Exchange by shuffling tons of aluminum each day among the 27 warehouses it controls in the Detroit area, The Times reported on Sunday. The maneuver lengthens the storage time and generates millions a year in profit for Goldman, which charges rent to store the metal for customers, the investigation found. The C.F.T.C. issued the notices late last week, and it was unclear on Monday whether the agency or other authorities would open a full-fledged investigation into banks’ activities.

Senate Scrutiny of Potential Risk in Markets for Commodities

by Edward Wyat, New York Times

The hearing, convened by the Senate Financial Institutions and Consumer Protection subcommittee, came as Goldman Sachs, JPMorgan Chase and others face growing scrutiny over their role in the commodities markets and the extent to which their activities can inflate prices paid by manufacturers and consumers. The Federal Reserve is reviewing the potential risks posed by the operations, which have generated many billions of dollars in profits for the banks. [..]

Several witnesses at Tuesday’s hearings warned that letting the country’s largest financial institutions own commodities units that store and ship vast quantities of metals, oil and the other basic building blocks of the economy could pose grave risks to the financial system. The ability of those bank subsidiaries to gather nonpublic information on commodities stores and shipping also could give the banks an unfair advantage in the markets and cost consumers billions of dollars, the witnesses said.

Goldman Sachs isn’t alone in this game.

Not Just Goldman Sachs: Koch Industries Hoards Commodities as a Trading Strategy

by Lee Fang, The Nation

Worth noting: Koch Industries, a company often inaccurately described as simply an oil or manufacturing concern, is highly active in the commodity speculation business akin to the big hedge funds and banks like Goldman Sachs.

As Fortune magazine reported, when oil prices dropped from a record high in July of 2008 to record lows in December of that year, Koch bought up the cheap oil to take it off of the market. Koch leased a number of giant oil tankers, including the 2-million-barrel-capacity Dubai Titan, to store the oil offshore. The decrease in supply increased the price for consumers that year, while Koch took advantage of selling the oil off later at higher prices.

Koch Industries’ executive David Chang later boasted, “The drop in crude oil prices from more than US$145 per barrel in July 2008 to less than US$35 per barrel in December 2008 has presented opportunities for companies such as ours. In the physical business, purchases of crude oil from producers and storing offshore in tankers allow us to benefit from the contango market where crude prices are higher for future delivery than for prompt delivery.”

The company took advantage when the prices were low, but they also gained when the prices were high. A leaked document I obtained shows Koch among the largest traders (including Goldman Sachs and Morgan Stanley) speculating on the price of oil in the summer of 2008.

Elizabeth Warren Wants To Take This Goldman Sachs Aluminum Story And Run Right Over Wall Street With It

by Linette Lopez, Business Insider

Back in 2003 the Federal Reserve decided to temporarily allow banks to purchase commodities directly. That means oil, power, copper, aluminium etc. This September, that temporary regulatory relaxation is set to expire, and if it does, a big chunk of Wall Street’s business will expire with it.

And now that the ruling is up for discussion, Congress gets to weigh in. Wall Street be warned, if this hearing was any indication, the Senate is coming down on the side of culling the commodities business.

Warren decried the idea that banks would use “other people’s money” in pension and retirement savings “to pave the way for big banks to be able to control an electric plant or an oil refinery.” [..]

The witnesses didn’t just talk about prices either, they talked monopolies. Since her rise to prominence as a regulator and then a Senator, Warren has been saying that banks are getting too big, too interconnected, and too complicated. (Joshua) Rosner’s testimony corroborated that idea, and added to it the specter of  commodities controlling, allencompassing banking behemoths backstopped by the government (too big too fail).

It is more than past time to break up these banks and for the Federal Reserve to be more transparent in how it regulates the banks.

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

Katrina vanden Heuvel: Helen Thomas’s Legacy

In his refreshing appearance at the 2006 White House Correspondents Association dinner, comedian Stephen Colbert showed a parody video in which he “auditioned” for the position of press secretary. In it, he refuses to answer a question from real-life White House correspondent Helen Thomas and spends the rest of the video trying to escape her dogged questioning.

It was a brilliant turn, not only for its skewering of a Washington press corps that was asleep while President George W. Bush took us to war in Iraq but for its implicit praise of the tenacious, shoe-leather reporting of Thomas, who died Saturday at the age of 92.

Born two weeks before women officially had the right to vote, Thomas broke glass ceiling after glass ceiling as a woman journalist, including by becoming the first female member of the White House Correspondents Association and the Gridiron Club. She fought, with characteristic perseverance, to join these organizations. It wasn’t because she saw being in the room as an end itself. Rather, she understood that she needed to have access to power in order to question that power.

Ruth Rosen: Why the Relentless Assault on Abortion Rights in the US?

Americans have grown more supportive of same -sex marriages, gun control, immigration reform and even taxes on the wealthiest individuals. Why, then, have the cultural and political wars over abortion accelerated?

Americans have become more liberal, despite the rise of the Tea Party and the election of some of their right-wing politicians.  Teenagers can now buy “morning after” emergency contraception pills without consulting a physician or a pharmacist. The Supreme Court recently struck down the Defense of Marriage Act, which prevented same-sex marriages. It also upheld the right of same-sex couples in California to wed. As of July 2013, there are now 13 states that permit same-sex marriages. Despite the gridlock caused by Republicans in Congress, more Americans than ever support gun control, immigration reform, same-sex marriage and taxes on the wealthiest individuals. This is why Democrats have won the popular vote in five of the last six presidential elections.

Why then, does state after state attempt to restrict women’s access to abortion?

Susan Casey-Lefkowitz: As a Driver of Tar Sands Expansion, Keystone XL Fails President Obama’s Climate Test

In June President Obama laid out a plan for the U.S. to tackle climate change including a climate test for the proposed Keystone XL tar sands pipeline. A new economic and environmental analysis from NRDC makes it clear that the Keystone XL tar sands pipeline fails the President’s climate test. Industry analysts agree that Keystone XL is a critical piece of the puzzle for the tar sands industry to build new extraction projects. Tar sands oil production causes the release of huge amounts of carbon pollution from its energy-intensive extraction methods and refining processes.  The Keystone XL tar sands pipeline would add 935 million to 1.2 billion metric tons of carbon pollution to our atmosphere-a significant increase in greenhouse gas emissions-over the 50-year life span of the project. Expansion of the very energy-intensive and costly tar sands are not in our national interest and the proposed Keystone XL tar sands pipeline should be rejected.

Mary Bottari and Rebekah Wilce: ALEC in 2013: Rightwing Legislative Group Fuels Race to the Bottom in Wages and Worker Rights

Just How Low Can Your Salary Go?

At least 117 bills introduced in 2013 fuel a “race to the bottom” in wages, benefits, and worker rights and resemble “model” bills from the American Legislative Exchange Council (ALEC), according to a new analysis by the Center for Media and Democracy (CMD), publishers of ALECexposed.org.

As working Americans speak out for higher wages, better benefits, and respect in the workplace, a coordinated, nationwide campaign to silence them is mounting — and ALEC is at the heart of it. ALEC corporations, right-wing think tanks, and monied interests like the Koch brothers are pushing legislation throughout the country designed to drive down wages; limit health care, pensions, and other benefits; and cripple working families’ participation in the political and legislative process.

Emily Masters: As the NSA Follows You, We Follow the Money

Since the 9/11 attacks, the United States has witnessed the rapid growth of an intelligence-industrial complex that fuses government and corporate power. According to the Project on Government Oversight, $300 billion a year is now spent on a “shadow government of private contractors.” At the center of this arrangement is an interlocking web of current and former high-level government officials, major corporations, D.C. think tanks and other inside-the-Beltway operators who have benefitted from the rise of the surveillance state. Here are a few of the most notable: [..]

Bryce Covert: Is This the Big Moment for Better Work/Family Balance Policies?

Those of us who have been pushing for better work/family policies know the story of how we almost had universal childcare all too well. In 1971, Congress passed the bipartisan Comprehensive Child Development Act on a bipartisan vote. It would have meant the first step toward a universal childcare system, offering all parents a free, high-quality place to send their kids while they worked. As Nancy L. Cohen reports, Congress authorized five times what it currently spends on Head Start to finance the program.

Then, before President Nixon signed the bill, the evangelical right staged an intense backlash as part of the brand new culture wars, which wormed its way into Nixon’s ear through special assistant Pat Buchanan. Nixon ultimately vetoed the bill, saying it would “commit the vast moral authority of the National Government to the side of communal approaches to child rearing over against the family-centered approach.” Thus the “family values” crowd was born and the bipartisan idea that the government should support working women by taking some of the parenting burden off their shoulders died.

Zoë Carpenter: Senate Poised to Raise Interest Rates on Future Student Loans

The Senate will vote this week on a proposal to change the way the government sets federal student loan rates, in the hopes of ending weeks of stalemate.

Don’t be fooled by any triumphant rhetoric. The plan the Senate is voting on-to peg interest rates on federal student loans to the financial market-promises low rates in the short term, and nearly guarantees that they will rise above current levels in a matter of years. [..]

The fix on the table now is permanent, and it allows both parties to dodge blame for the sudden rate hike that occurred July 1, when subsidized Stafford rates jumped from 3.4 to 6.8 percent. The plan does bring rates back below 4 percent for Stafford loans in the coming year, benefitting new undergraduates quite a bit.

But it won’t keep the rates below that threshold for long; instead, the Senate plan puts rates on track to exceed 6.8 percent in only four years.

Chris Hedges: Betrayal by the Liberal Elite

In Part 5 of a series of interviews by Paul Jay of Real News Network, journalist and author, Chris Hedges discusses how the Democratic Party and the so-called Liberal Elite betrayed the people they said they would protect. He talks about how that changed with Bill Clinton and has gotten worse with Barack Obama.

The Liberal Elite has Betrayed the People They Claim to Defend



The transcript can be read here

“Barack Obama can get up and say all the right things, but in the end, you know, it’s Wall Street and the corporations that are pulling the strings on the puppets,” he says.  [..]

“When you have the figures like Obama who continue to speak in that traditional language of liberalism and yet cannot respond to chronic unemployment, underemployment, you know, foreclosures, bank repossessions, and everything else, and in fact are running a system where the assaults against the underclass are only getting worse, then what happens is there becomes a deep disdain for not only liberal ideology but traditional liberal institutions-you saw the same thing in Weimar-so that when there is an uprising, oftentimes people want nothing to do with not only liberal elites, but the supposed liberal values, quote unquote, that these elites were purportedly espousing,” Hedges says.

“And that is a very real danger,” he continues, “because when you have figures like Obama that present themselves as traditional liberals and yet are unable to be effective in terms of dealing with the suffering and the misery of the underclass, that-and this is what happened in Yugoslavia-that when things exploded, you vomited up these very frightening figures-Radovan Karadzic, Slobodan Milosevic, Franjo Tudman-in the same way that the breakdown in Weimar vomited up the Nazi Party. And that’s what frightens me, because we don’t have the movements, the populist movements on the left, and because we live in a system of political paralysis.”

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: A Terrible Precedent for Press Freedom

An egregious appeals court ruling on Friday has dealt a major setback to press freedoms by requiring the author of a 2006 book to testify in the criminal trial of a former Central Intelligence Agency official charged with leaking classified information. The ruling and the Justice Department’s misplaced zeal in subpoenaing James Risen, the book’s author and a reporter for The Times, carry costs for robust journalism and government accountability that should alarm all Americans. [..]

It was dismaying that the Justice Department issued a statement approving of the court’s wrongheaded legal conclusion barely a week after Attorney General Eric Holder Jr. announced new guidelines that are supposedly designed to better protect the news media from federal investigators in leak cases. But the department also said it was “examining the next steps in the prosecution of this case.” That should include withdrawing its demand that Mr. Risen testify about his sources.

This issue tests the new guidelines and their promise not to threaten journalists with jail for doing their jobs, except in “extraordinary” circumstances. If he has any intention to live up to that pledge, Mr. Holder should reopen the question of Mr. Risen’s subpoena.

Dean Baker: Edward Snowden and Financial Speculation Taxes

In the last few weeks Edward Snowden has been holed in Moscow’s airport trying to negotiate terms of asylum with various countries around the world. Thus far it doesn’t seem that Snowden has been able to find any acceptable offers.

Part of the reason is that the United States government has been openly threatening governments that are considering offering asylum, warning of dire consequences. Governments throughout the world take these threats seriously. [..]

This is important background for understanding the effort in Washington to block financial speculation taxes. The basic argument for such taxes is that we have a vast amount of high-speed trading that serves no productive purpose. Much of this trading uses sophisticated computers to get ahead of major orders and siphon off much of the profits for themselves. It’s a high-tech version of insider trading.

John Nichols: Detroit Really Is Too Big to Fail

Does anyone seriously doubt that, if Detroit were a “too big to fail” bank, it would have been bailed out long ago? Or that its pensioners, rather than facing the threat of cruel cuts as part of Michigan Governor Rick Snyder’s scheme to steer the city into brutal bankruptcy proceedings, would instead have pocketed hefty bonuses?

To ask the question is to answer it.

If the 2008 bailout of the biggest players in the financial sector-and policy-making over the ensuing years-tells us anything, it is that Congress and the Federal Reserve take care of Wall Street.

America’s great cities? Not so much.

Norman Solomon: Obama’s Escalating War on Freedom of the Press

The part of the First Amendment that prohibits “abridging the freedom … of the press” is now up against the wall, as the Obama administration continues to assault the kind of journalism that can expose government secrets.

Last Friday the administration got what it wanted-an ice-cold chilling effect-from the Fourth Circuit Court of Appeals, which ruled on the case of New York Times reporter James Risen. The court “delivered a blow to investigative journalism in America by ruling that reporters have no First Amendment protection that would safeguard the confidentiality of their sources in the event of a criminal trial,” the Guardian reported. [..]

At the Freedom of the Press Foundation, co-founder Trevor Timm calls the court ruling “the most significant reporter’s privilege decision in decades” and asserts that the court “eviscerated that privilege.” He’s not exaggerating. Press freedom is at stake.

Paul Buccheit: The Insanity of Not Having a Financial Transaction Tax

The logic for the tax is indisputable:

1. Financial industry speculation devastated middle-class homeowner wealth.

2. U.S. investors pay zero tax on their speculative transactions.

3. The tax is easy to implement, and is very successful in other countries.

The emotional appeal reaches most of America:

Why should the rest of us pay up to 10% on the necessities of life while risky derivative purchases aren’t taxed at all?

Why should kids around the country lose their arts programs while trillions of dollars flow, untaxed, to Wall Street?

Ted Kaufman: Happy Birthday to Dodd-Frank, a Law That Isn’t Working

Today marks the third anniversary of the Dodd-Frank Wall Street Reform Act. Sadly, except for a recent promising development that might increase capital requirements for megabanks, the act has not delivered on its promise to fix the problems that caused the financial meltdown of 2008-09.

Failure was built into Dodd-Frank from the beginning. Instead of writing laws that addressed the abuses that led to the crisis, it nearly always kicked the can down to agencies, instructing them to write new regulations. By and large, those regulatory agencies have been overwhelmed by a combination of congressional underfunding and a massive lobbying effort by the megabanks that increasingly seem to control Washington. The Davis Polk law firm’s latest count says that only 155 of the 398 rule makings required by Dodd-Frank have been finalized

.

How Obama’s Drones Spread a Deadly Disease

American’s were so proud that Pres. Barack Obama had found and killed Osama bin Laden in an Abbottabad, Pakistan and continues to defend its illegal drone program that kills more innocent civilians than it does terrorists. The killing of bin Laden and the drone program have had an impact on a deadly disease that was about to be eradicated world wide, polio. The distrust in the vaccination program was created when the brilliant minds came up with an appallingly bad scheme to set up a fake vaccination program to find bin Laden:

As reported by the Guardian and subsequently by the New York Times, intelligence operatives funded a sham vaccination program in hopes of obtaining a sample of DNA to prove that bin Laden, then rumored to be in the area, was actually living in the compound where he was subsequently found and killed. From the Guardian:

   DNA from any of the Bin Laden children in the compound could be compared with a sample from his sister, who died in Boston in 2010, to provide evidence that the family was present.

   So agents approached [Shakil] Afridi, the health official in charge of Khyber, part of the tribal area that runs along the Afghan border.

   The doctor went to Abbottabad in March, saying he had procured funds to give free vaccinations for hepatitis B. Bypassing the management of the Abbottabad health services, he paid generous sums to low-ranking local government health workers, who took part in the operation without knowing about the connection to Bin Laden. Health visitors in the area were among the few people who had gained access to the Bin Laden compound in the past, administering polio drops to some of the children…

   In March health workers administered the vaccine in a poor neighbourhood on the edge of Abbottabad called Nawa Sher. The hepatitis B vaccine is usually given in three doses, the second a month after the first. But in April, instead of administering the second dose in Nawa Sher, the doctor returned to Abbottabad and moved the nurses on to Bilal Town, the suburb where Bin Laden lived.

There is no evidence the “vaccinations” produced DNA that helped identify bin Laden. The physician named in the article has been arrested by the Pakistani security forces. The CIA has understandably refused any comment. But the allegation that a vaccine program was not what it seemed – that it was not only suspect, but justifiably suspect – has been very widely reported.

This is awful. It plays, so precisely that it might have been scripted, into the most paranoid conspiracy theories about vaccines: that they are pointless, poisonous, covert shields for nefarious government agendas meant to do children harm.

This unethical scheme had its deadly consequences in more ways than one. The rumor that the vaccine program was a covert campaign by Western powers to sterilize and kill Muslim children. It’s also put health care workers with the vaccination program at risk:

Foreign Policy has the exact numbers. Up to 22 workers may have been killed-one of the incidences was a roadside bomb, so it might have just happened to catch vaccinators-while 14 others have been bombed, taken for ransom, tortured, or otherwise injured. The violence likely stems from the Pakistani Taliban’s opposition to vaccination, Foreign Policy reports.

Taliban leaders have a variety of reasons they’re suspicious of the polio vaccine. They think vaccinators could be spies for the U.S. military–more on this later–or that they could be part of a plot to sterilize Muslims. Last year, Pakistani Taliban groups questioned why Americans fund both fatal drone strikes and life-saving vaccination programs. Leaders said they would ban vaccinators from reaching them until the U.S. stops using drone strikes. [..]

One doctor, a Muslim, took a journalist on a tour in April and talked about a fatwa placed upon him. In May, a gunman killed him and injured his one-year-old daughter.

Despite all of this, the battle to eradicate polio in Pakistan continues but the impetus is a rivalry with India, where polio was eliminated two years ago

After India’s success and hints from the World Health Organization that it might issue travel warnings, Pakistan’s government went on an emergency footing. A cabinet-level “polio cell” was created. Vaccinators’ routine pay doubled to $2.50. More than 1,000 “mobilizers” were hired to visit schools and mosques to counter the ever-swirling rumors that the vaccine contained pork, birth control hormones or H.I.V., the virus that causes AIDS.

Mullahs were courted to endorse vaccination. They issued 24 fatwas, and glossy booklets of their directives were printed for vaccinators to carry.

Perhaps most important, local command was given to deputy commissioners, who have police powers that health officials lack.

Pakistan is closer than ever. Although cases will not peak until after the summer monsoons, there have been only 21 so far this year. A few years ago, 39 substrains of the polio virus circulated; now only two do. About 300,000 children live in areas too dangerous for vaccinators, but almost all the sewage samples from those areas are clear of the virus.

Ultimately, though, success will depend on more than political will and the rivalry with India. In the wake of the recent killings, it will rely most of all on individual acts of courage, like those by prominent imams who pose for pictures as they vaccinate children.

This is an uphill fight, especially in the Peshwar region where anti-American sentiments are very high due to the barrage of drone strikes on the isolated mountain villages where just about every adult male has an AK-47. Lack of sanitation and clean water supplies, along with few government services such as health clinics, garbage pick up and schools add to the complicated picture.

Peshawar worries even Dr. Elias Durry, a normally optimistic polio specialist with the W.H.O. “You can get 90 percent vaccine coverage, and come back a few months later, and it’s 50 percent,” he said. “People just move so quickly.”

Shaheen’s sewers are concrete trenches about a foot deep, into which wastewater, rendered milky white by dish soap, flows from pipes exiting mud-brick houses. A child reaching into one for a stick to play with showed how easily the virus, carried in fecal matter, could spread.

Though the area has clean water from a well, the steel pipe it flows through at times dips inside the sewerage trench. It has dents where trucks have banged it, and it is pierced by connectors, some attached just to rubber hoses. [..]

Pakistani children suffer diarrhea so often that half the country’s young are stunted by it. Polio immunity is low, even in vaccinated children, because other viruses crowd the gut receptors to which the vaccine should attach.

At the clinic in Shaheen, the doctor running the polio drive, an ophthalmologist, complained that he got too little police help.

In the middle of last year, it became known that in 2011, the C.I.A. had paid a local doctor to try to get DNA samples from children inside an Abbottabad compound to prove they were related to Bin Laden. Even though the doctor, Shakil Afridi, who is now serving a 33-year sentence for treason, was offering a hepatitis vaccine, anger turned against polio drops.Leaders of the polio eradication effort could not have been more frustrated. They were already fighting new rumors that vaccinators were helping set drone targets because they have practices like marking homes with chalk so that follow-up teams can find them. Now, after years of reassuring nervous families that the teams were not part of a C.I.A. plot, here was proof that one was.

What Charles Pierce said:

It is possible for the vast United States intelligence apparatus to go 15 minutes without fking up in the most egregious way possible?

Nope.

Load more