Tag: Open Thread

On This Day In History June 7

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

Click on image to enlarge

June 7 is the 158th day of the year (159th in leap years) in the Gregorian calendar. There are 207 days remaining until the end of the year.

On this day in 1692, a massive earthquake devastates the infamous town of Port Royal in Jamaica, killing thousands. The strong tremors, soil liquefaction and a tsunami brought on by the earthquake combined to destroy the entire town.

Port Royal was built on a small island off the coast of Jamaica in the harbor across from present-day Kingston. Many of the buildings where the 6,500 residents lived and worked were constructed right over the water. In the 17th century, Port Royal was known throughout the New World as a headquarters for piracy, smuggling and debauchery. It was described as “most wicked and sinful city in the world” and “one of the lewdest in the Christian world.”

Earthquakes in the area were not uncommon, but were usually rather small. In 1688, a tremor had toppled three homes. But four years later, late in the morning on June 7, three powerful quakes struck Jamaica. A large tsunami hit soon after, putting half of Port Royal under 40 feet of water. The HMS Swan was carried from the harbor and deposited on top of a building on the island. It turned out to be a refuge for survivors.

Piracy in Port Royal

Port Royal provided a safe harbour initially for privateers and subsequently for pirates plying the shipping lanes to and from Spain and Panama. Buccaneers found Port Royal appealing for several reasons. Its proximity to trade routes allowed them easy access to prey, but the most important advantage was the port’s proximity to several of the only safe passages or straits giving access to the Spanish Main from the Atlantic. The harbour was large enough to accommodate their ships and provided a place to careen and repair these vessels. It was also ideally situated for launching raids on Spanish settlements. From Port Royal, Henry Morgan attacked Panama, Portobello, and Maracaibo. Roche Brasiliano, John Davis (buccaneer), and Edward Mansveldt (Mansfield) also came to Port Royal.

Since the English lacked sufficient troops to prevent either the Spanish or French from seizing it, the Jamaican governors eventually turned to the pirates to defend the city.

By the 1660s, the city had gained a reputation as the Sodom of the New World where most residents were pirates, cutthroats, or prostitutes. When Charles Leslie wrote his history of Jamaica, he included a description of the pirates of Port Royal:

   Wine and women drained their wealth to such a degree that… some of them became reduced to beggary. They have been known to spend 2 or 3,000 pieces of eight in one night; and one gave a strumpet 500 to see her naked. They used to buy a pipe of wine, place it in the street, and oblige everyone that passed to drink.

The taverns of Port Royal were known for their excessive consumption of alcohol such that records even exist of the wild animals of the area partaking in the debauchery. During a passing visit, famous Dutch explorer Jan van Riebeeck is said to have described the scenes:

   The parrots of Port Royal gather to drink from the large stocks of ale with just as much alacrity as the drunks that frequent the taverns that serve it.

There is even speculation in pirate folklore that the infamous Blackbeard met a howler monkey while at leisure in a Port Royal alehouse whom he named Jefferson and formed a strong bond with during the expedition to the island of New Providence. Port Royal benefited from this lively, glamorous infamy and grew to be one of the two largest towns and the most economically important port in the English colonies. At the height of its popularity, the city had one drinking house for every ten residents. In July 1661 alone, forty new licenses were granted to taverns. During a twenty-year period that ended in 1692, nearly 6,500 people lived in Port Royal. In addition to prostitutes and buccaneers, there were four goldsmiths, forty-four tavern keepers, and a variety of artisans and merchants who lived in 2000 buildings crammed into 51 acres of real estate. 213 ships visited the seaport in 1688. The city’s wealth was so great that coins were preferred for payment rather than the more common system of bartering goods for services.

Following Henry Morgan’s appointment as lieutenant governor, Port Royal began to change. Pirates were no longer needed to defend the city. The selling of slaves took on greater importance. Upstanding citizens disliked the reputation the city had acquired. In 1687, Jamaica passed anti-piracy laws. Instead of being a safe haven for pirates, Port Royal became noted as their place of execution. Gallows Point welcomed many to their death, including Charles Vane and Calico Jack, who were hanged in 1720. Two years later, forty-one pirates met their death in one month.

Although a work of historical fiction, James Michener’s The Caribbean details the history, atmosphere and geography of Port Royal accurately.

Around the Blogosphere

 photo Winter_solstice.gifThe main purpose our blogging is to communicate our ideas, opinions, and stories both fact and fiction. The best part about the the blogs is information that we might not find in our local news, even if we read it online. Sharing that information is important, especially if it educates, sparks conversation and new ideas. We have all found places that are our favorites that we read everyday, not everyone’s are the same. The Internet is a vast place. Unlike Punting the Pundits which focuses on opinion pieces mostly from the mainstream media and the larger news web sites, “Around the Blogosphere” will focus more on the medium to smaller blogs and articles written by some of the anonymous and not so anonymous writers and links to some of the smaller pieces that don’t make it to “Pundits” by Krugman, Baker, etc.

We encourage you to share your finds with us. It is important that we all stay as well informed as we can.

Follow us on Twitter @StarsHollowGzt

This is an Open Thread.

It’s been a lively day on the tubes with most of the posting on the super secret leaked FISA Warrant by Glenn Greenwald and the national security crew at The Guardian. Nice work for your first week on the job, Spencer.

Our friends at Voices on the Square have some great posts on Bradley Manning and workers rights:

At Corrente, lambert gives “mad props” to Glenn and an opinion piece at Bloomberg by Noah Feldman.

Also from DCblogger:

and libbyliberal:

Over at Americablog, Our friend Gaius Publius tells us what’s is in the tar sands oil besides oil:

Gaius calls it “sludge,” I’d call it “toxic.”

At FDL News Desk, DSWright has this news:

Jon Walker at FDL Action tells about these developments:

At FDL’s The Dissenter, Kevin Gosztola gives an the inevitable news:

Glenn, Spencer, here come the secret subpoenas for your phone and e-mails.

At Salon, lapsed blogger David Dayen tell you the truth about your student loan, it’s not really a loan. h/t Yves Smith at naked capitalism

Well, this is a really good question from digby at Hullabaloo:

Atrios wants to know what 20,000 NSA employees do all day.

The last words today go to Mike Masnick at Techdirt, just in case you weren’t disgusted or paranoid enough about the US government:

  • Oh, And One More Thing: NSA Directly Accessing Information From Google, Facebook, Skype, Apple And More

    This program, like the constant surveillance of phone records, began in 2007, though other programs predated it. They claim that they’re not collecting all data, but it’s not clear that makes a real difference:

       The PRISM program is not a dragnet, exactly. From inside a company’s data stream the NSA is capable of pulling out anything it likes, but under current rules the agency does not try to collect it all.

       Analysts who use the system from a Web portal at Fort Meade key in “selectors,” or search terms, that are designed to produce at least 51 percent confidence in a target’s “foreignness.” That is not a very stringent test. Training materials obtained by the Post instruct new analysts to submit accidentally collected U.S. content for a quarterly report, “but it’s nothing to worry about.”

       Even when the system works just as advertised, with no American singled out for targeting, the NSA routinely collects a great deal of American content.

    I now need a couple of vodka martinis and just leave the jar of olives on the bar.

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

Noam Chomsky: Humanity Imperiled

For the first time in the history of the human species, we have clearly developed the capacity to destroy ourselves.  That’s been true since 1945.  It’s now being finally recognized that there are more long-term processes like environmental destruction leading in the same direction, maybe not to total destruction, but at least to the destruction of the capacity for a decent existence.

And there are other dangers like pandemics, which have to do with globalization and interaction.  So there are processes underway and institutions right in place, like nuclear weapons systems, which could lead to a serious blow to, or maybe the termination of, an organized existence.

The question is: What are people doing about it?  None of this is a secret.  It’s all perfectly open.  In fact, you have to make an effort not to see it.

Marjorie Cohn: Bradley Manning’s Legal Duty to Expose War Crimes

Manning is charged with crimes for sending hundreds of thousands of classified files, documents and videos, including the “Collateral Murder” video, the “Iraq War Logs,” the “Afghan War Logs” and State Department cables to Wikileaks. Many of the things he transmitted contain evidence of war crimes. [..]

Manning fulfilled his legal duty to report war crimes. He complied with his legal duty to obey lawful orders but also his legal duty to disobey unlawful orders.

Section 499 of the Army Field Manual states, “Every violation of the law of war is a war crime.” The law of war is contained in the Geneva Conventions. [..]

The Uniform Code of Military Justice sets forth the duty of a service member to obey lawful orders. But that duty includes the concomitant duty to disobey unlawful orders. An order not to reveal classified information that contains evidence of war crimes would be an unlawful order. Manning had a legal duty to reveal the commission of war crimes.

Kirk Douglas: America’s Cowboy Days Are Over

Under the flooring of my dressing room is a safe. In it are two guns that I used to shoot the bad guys in movies and a silver plated revolver with my name engraved on it which was given to me by some crazy fan. People take their movie heroes very seriously. I often played the good cowboy on screen, riding in to save the day. Now, everybody thinks he is a cowboy too. That frightens me. We have become a cowboy country with too many guns.

I put my guns in the floor safe very long ago so that my children would not be able to find them. I was reminded of that safe when I read in the papers that a five-year-old boy shot and killed his two-year-old sister. How did he get the gun?

Richard (RJ) Eskow: The World Economy Is a Ticking Time Bomb (and The Fuse is Burning)

Respected economist John Kay is about to make a public statement which essentially says that the world economy is a ticking time bomb and global markets are a lit fuse.

Kay is a professor at the London School of Economics, a columnist for the Financial Times, and the author of a widely-read report on stock market flaws which was commissioned last year by the British government.

Kay says that the world is “waiting for the next crisis.” He’ll present that conclusion in a keynote speech which was previewed and extensively quoted earlier this week.

Jim Hightower: IRS Should Outlaw All “Social Welfare” Political Fronts-Left and Right

If you’re covered in political stink, it might be prudent to avoid yelling “dirty politics” at others.

Lately, a mess of right-wing tea party groups have been wailing nonstop that they have been targeted, harassed and denied their civic rights by partisan, out-of-control, Obamanistic IRS thugs (no adjective too extreme when assailing Obama or the IRS). The groups certainly are right that it’s abhorrent for a powerful agency to run a repressive witch hunt against any group of citizens just because of their political views. After all, liberals have frequently felt the lash of such official repression by assorted McCarthyite-Nixonite-Cheneyite forces over the years, and it must be condemned, no matter who the victims.

Lauren Carasik: Honduras: When Will the US Stop Funding Death Squads?

It is time for the US to stop aid to Honduras as there is credible evidence of human rights abuses

A resurgence of death squad activity targeting suspected gang members and others is exacting a mounting toll in Honduras, a country already wracked by violence and impunity. As documented in a series of AP investigative reports, it is increasingly apparent that US-funded Honduran National Police are dispatching summary justice to gang members, in a policy of “social cleansing”, with complete impunity.Since evidence has surfaced linking the Honduran police to death squad activity, US support for the police would violate the “Leahy Law”, which mandates withholding aid to foreign security forces when credible evidence exists that they have committed human rights abuses.

On This Day In History June 6

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

Click on image to enlarge

June 6 is the 157th day of the year (158th in leap years) in the Gregorian calendar. There are 208 days remaining until the end of the year.

On this day in 1933, eager motorists park their automobiles on the grounds of Park-In Theaters, the first-ever drive-in movie theater, located on Crescent Boulevard in Camden, New Jersey.

History

The drive-in theater was the creation of Camden, New Jersey, chemical company magnate Richard M. Hollingshead, Jr., whose family owned and operated the R.M. Hollingshead Corporation chemical plant in Camden. In 1932, Hollingshead conducted outdoor theater tests in his driveway at 212 Thomas Avenue in Riverton. After nailing a screen to trees in his backyard, he set a 1928 Kodak projector on the hood of his car and put a radio behind the screen, testing different sound levels with his car windows down and up. Blocks under vehicles in the driveway enabled him to determine the size and spacing of ramps so all automobiles could have a clear view of the screen. Following these experiments, he applied August 6, 1932, for a patent of his invention, and he was given U.S. Patent 1,909,537 on May 16, 1933. That patent was declared invalid 17 years later by the Delaware District Court.

Hollingshead’s drive-in opened in New Jersey June 6, 1933, on Admiral Wilson Boulevard at the Airport Circle in Pennsauken, a short distance from Cooper River Park. It offered 500 slots and a 40 by 50 ft (12 by 15 m) screen. He advertised his drive-in theater with the slogan, “The whole family is welcome, regardless of how noisy the children are.” (The first film shown was the Adolphe Menjou film Wife Beware.) The facility only operated three years, but during that time the concept caught on in other states. The April 15, 1934, opening of Shankweiler’s Auto Park in Orefield, Pennsylvania, was followed by Galveston’s Drive-In Short Reel Theater (July 5, 1934), the Pico in Los Angeles (September 9, 1934) and the Weymouth Drive-In Theatre in Weymouth, Massachusetts (May 6, 1936). In 1937, three more opened in Ohio, Massachusetts and Rhode Island, with another 12 during 1938 and 1939 in California, Florida, Maine, Maryland, Massachusetts, Michigan, New York, Texas and Virginia. Michigan’s first drive-in was the Eastside, which opened May 26, 1938, in Harper Woods near Detroit.

Early drive-in theaters had to deal with noise pollution issues. The original Hollingshead drive-in had speakers installed on the tower itself which caused a sound delay affecting patrons at the rear of the drive-in’s field. Attempts at outdoor speakers next to the vehicle did not produce satisfactory results. In 1941, RCA introduced in-car speakers with individual volume controls which solved the noise pollution issue and provided satisfactory sound to drive-in patrons.

Around the Blogosphere

 photo Winter_solstice.gifThe main purpose our blogging is to communicate our ideas, opinions, and stories both fact and fiction. The best part about the the blogs is information that we might not find in our local news, even if we read it online. Sharing that information is important, especially if it educates, sparks conversation and new ideas. We have all found places that are our favorites that we read everyday, not everyone’s are the same. The Internet is a vast place. Unlike Punting the Pundits which focuses on opinion pieces mostly from the mainstream media and the larger news web sites, “Around the Blogosphere” will focus more on the medium to smaller blogs and articles written by some of the anonymous and not so anonymous writers and links to some of the smaller pieces that don’t make it to “Pundits” by Krugman, Baker, etc.

We encourage you to share your finds with us. It is important that we all stay as well informed as we can.

Follow us on Twitter @StarsHollowGzt

This is an Open Thread.

At Whiskey Fire, Thers would like an explanation from these major news sites why this story was such “national” news? He expects that “as soon as they can stop saying “dildo” & “sex toy” over & over w/o giggling,” we’ll get an answer.

Top News Hot Babe photo 6a00d8341c579653ef019102fdf43b970c-_zps24acba5a.png

Click on image for enlargement and all the “hot links.”

Everyone thinks that Stephen Colbert’s “tribute” to Rep. Michelle Bachmann, who took her hat out of the ring for 2014 last week, is the bestest eva’. h/t twolf at Dependable Renegade where I saw it first

Over at his blog, Beat the Press, Dean Baker want an answer from Bloomberg NewsClive Crook:

Dean says that “Crook” is spelled correctly. He also comments on a column by Harold Meyerson at The Washington Post about the Trans Pacific Partnership Pact that is being secretly negotiated by the Obama administration:

Lambert continues his ObamaCare Clusterfuck at Corrente.

Just for chuckles, the House GOP voted to defund the no-longer-in-existence GOTV organization, Acorn, while Breitbart’s former chief prank videographer James O’Keefe was order to fork over $100 G’s to the ACORN employee he smeared.

At FDL’s The Dissenter, Kevin Gosztola has the Live Updates from day 3 of Bradly Manning’s Trial.

Jon Walker at FDL Action noted that it appears Obama has stopped trying to play nice with Republicans. Now, if he had done that 4 years ago, we might be somewhere. Jon also reports that a bipartisan House group is unlikely to reach a deal immigration reform.

Over at FDL’s News Desk, DSWright has all you need to know about Pres. Obama’s choice of UN Amb. Susan Rice as his National Security adviser and her replacement at the UN, Samantha Powers. Rand is miffed.

From Atrios at his joint Eschaton: IMF to the Greeks: Sorry we destroyed your country and directions to Balloon Juice for this silly bit: Feats of Leger Derp Main.

The final words go to “Uncle” Charlie Pierce at Esquire’s Politics Blog, for his wisdom on Judge Edith H. Jones of Houston, who sits on the United States Court of Appeals for the Fifth Circuit. He thinks she would make a better plumber than a judge or theologian, all be it a bigoted one.

Sorry for the lateness of tonight’s post but real life keeps interrupting my blogging. Tell me if I missed anything good, or really bad.  

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

Maureen Dowd: Cut the Strings to George III

You see glistening mermaid sightings on Animal Planet more than you catch glimpses of vintage John McCain on Capitol Hill.

But there he was on Tuesday, succinctly saying what needed to be said about the scourge of sexual assault cases in the military. Looking grimly at the ribbon-bedecked white male heads of all the services testifying before the Armed Services Committee, McCain scolded: “Just last night a woman came to me and said her daughter wanted to join the military, and could I give my unqualified support for her doing so. I could not.” [..]

Eugene Fidell, who teaches military justice at Yale Law School, told me the arguments of the brass “boiled down to an almost mystical notion of the commanders’ responsibility. Why can’t we cut the strings to the British system we inherited from George III? The British are baffled by us. They gave control over major crimes to professional prosecutors years ago. It’s an institutional structure that has outlived its utility and credibility.”

Katrina vanden Huevel: Building a Progressive Caucus in NYC: Why it Matters

Anthony Weiner is headline gold. Since the ex-congressman made his candidacy official, the New York City mayor’s race is drawing attention from national outlets and local tabloids alike (though unfortunately, it doesn’t seem to be Weiner’s policy positions that they’re interested in). While the headline-writers have a field day, New York progressives are grappling with some serious questions (including): Could we finally elect a progressive mayor? Which, if any, of these candidates would qualify? But too few of us are considering an urgent companion question: What about the City Council?

Because of term limits, almost half of New York’s City Council will be replaced in November’s elections, making this a moment of great opportunity for progressives. While a mayor can single-handedly fuel or obstruct progress, the council could play a crucial role in muscling issues onto the agenda, forcing the hand of the mayor, and forging a more just and inclusive New York. The council has historically been a fairly timid body, but it doesn’t have to be. The public is ready for more progressive representation. In a 2012 poll for the Community Service Society, New Yorkers by a three-to-one margin chose “help working New Yorkers and their families get ahead” over “make New York City a good place to do business” as a policy priority for the next mayor. Strong majorities supported raising the state minimum wage, spending more on education, and mandating paid sick leave.

Jessica Valentti: F**k the High Road: The Upside of Sinking to Their Level

Don’t feed the trolls: it’s probably the most common refrain in online discussions, especially when dealing with misogynists in feminists conversations. The idea is that the best way to deal with sexists is to starve of them of the attention they’re so clearly desperate for. Besides, we think, why sink to their level?

But the high road is overrated. It requires silence in the face of violent misogyny, and a turn-the-other cheek mentality that society has long demanded of women. A vibrant feminist movement has ensured women don’t take injustices laying down offline-so why would we acquiesce on the Internet? [..]

The downside of engaging with sexists is that in an online culture where common knowledge says ignore trolls, speaking out becomes “asking for it.” You don’t get a ton of sympathy for egging on assholes. While ignoring haters can sometimes be the best move, putting the onus on women to stay silent is not. So though I still believe in picking your battles, I’ll continue to get down in the muck with misogynists from time to time-because the low road needs feminism too.

Marjolein van der Veen: Greece and the Crisis of Europe: Which Way Out?

The Greek economy has crashed, and now lies broken on the ground. The causes of the crisis are pretty well understood, but there hasn’t been enough attention to the different possible ways out. Our flight crew has shown us only one emergency exit-one that is just making things worse. But there is more than one way out of the crisis, not just the austerity being pushed by the so-called “Troika” (the International Monetary Fund (IMF), European Commission, and European Central Bank (ECB)). We need to look around a bit more, since-as they say on every flight-the nearest exit may not be right in front of us. Can an alternative catch hold? And, if so, will it be Keynesian or socialist?

Medea Benjamin and Ann Wright: Leaving Truth Outside at Bradley Manning’s Trial

It was an early morning, getting out to Ft. Meade, Maryland by 7am to join the group of hearty activists standing out in the rain, greeting the journalists coming into the Bradley Manning hearing with chants of “Whistleblowing is not a crime, Free Bradley Manning.” The activists, many with groups like The Bradley Manning Support Committee, Veterans for Peace, CODEPINK and Iraq Vets Against the War, had come from all over the country to show support for Manning during the upcoming weeks of the trial. [..]

Manning’s trial, which is slated to last three months, is the most stark example of the Obama administration’s relentless stance against whistleblowers. “This president has tried to prosecute six whistleblowers under the Espionage Act, twice as many as all previous presidencies combined,” said Cornell West. “President Obama is determined to stop the public from knowing about government wrongdoing.”

In pretrial proceedings, Manning said his motivation was to “spark a domestic debate over the role of the military and our foreign policy in general.” Certainly that debate is long overdue. So is the debate about right of the public to be informed about what our governments are doing in our name.

Tory Field and Beverly Bell: Putting the Culture Back in Agriculture

Reviving Native Food and Farming Traditions

“At one point ‘agriculture’ was about the culture of food. Losing that culture, in favor of an American cultural monocrop, joined with an agricultural monocrop, puts us in a perilous state…” says food and Native activist Winona LaDuke.

Her lament is an agribusiness executive’s dream. The CEO of the H.J. Heinz Company said, “Once television is there, people, whatever shade, culture, or origin, want roughly the same things.”  The same things are based on the same technology, same media sources, same global economy, and same food.

Together with the loss of cultural diversity, the growth of industrial agriculture has led to an enormous depletion in biodiversity. [..]

Native peoples’ efforts to protect their crop varieties and agricultural heritage in the US go back 500 years to when the Spanish conquistadors arrived. Today, Native communities throughout the US are reclaiming and reviving land, water, seeds, and traditional food and farming practices, thereby putting the culture back in agriculture and agriculture back in local hands.

On This Day In History June 5

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

Click on image to enlarge

June 5 is the 156th day of the year (157th in leap years) in the Gregorian calendar. There are 209 days remaining until the end of the year

1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.

Soon after taking office in March 1933, Roosevelt declared a nationwide bank moratorium in order to prevent a run on the banks by consumers lacking confidence in the economy. He also forbade banks to pay out gold or to export it. According to Keynesian economic theory, one of the best ways to fight off an economic downturn is to inflate the money supply. And increasing the amount of gold held by the Federal Reserve would in turn increase its power to inflate the money supply. Facing similar pressures, Britain had dropped the gold standard in 1931, and Roosevelt had taken note.

Prolongation of the Great Depression

Some economic historians, such as American professor Barry Eichengreen, blame the gold standard of the 1920s for prolonging the Great Depression. Others including Federal Reserve Chairman Ben Bernanke and Nobel Prize winning economist Milton Friedman lay the blame at the feet of the Federal Reserve. The gold standard limited the flexibility of central banks’ monetary policy by limiting their ability to expand the money supply, and thus their ability to lower interest rates. In the US, the Federal Reserve was required by law to have 40% gold backing of its Federal Reserve demand notes, and thus, could not expand the money supply beyond what was allowed by the gold reserves held in their vaults.

In the early 1930s, the Federal Reserve defended the fixed price of dollars in respect to the gold standard by raising interest rates, trying to increase the demand for dollars. Its commitment and adherence to the gold standard explain why the U.S. did not engage in expansionary monetary policy. To compete in the international economy, the U.S. maintained high interest rates. This helped attract international investors who bought foreign assets with gold. Higher interest rates intensified the deflationary pressure on the dollar and reduced investment in U.S. banks. Commercial banks also converted Federal Reserve Notes to gold in 1931, reducing the Federal Reserve’s gold reserves, and forcing a corresponding reduction in the amount of Federal Reserve Notes in circulation. This speculative attack on the dollar created a panic in the U.S. banking system. Fearing imminent devaluation of the dollar, many foreign and domestic depositors withdrew funds from U.S. banks to convert them into gold or other assets.

The forced contraction of the money supply caused by people removing funds from the banking system during the bank panics resulted in deflation; and even as nominal interest rates dropped, inflation-adjusted real interest rates remained high, rewarding those that held onto money instead of spending it, causing a further slowdown in the economy. Recovery in the United States was slower than in Britain, in part due to Congressional reluctance to abandon the gold standard and float the U.S. currency as Britain had done.

Congress passed the Gold Reserve Act on 30 January 1934; the measure nationalized all gold by ordering the Federal Reserve banks to turn over their supply to the U.S. Treasury. In return the banks received gold certificates to be used as reserves against deposits and Federal Reserve notes. The act also authorized the president to devalue the gold dollar so that it would have no more than 60 percent of its existing weight. Under this authority the president, on 31 January 1934, fixed the value of the gold dollar at 59.06 cents.

Around the Blogosphere

 photo Winter_solstice.gifThe main purpose our blogging is to communicate our ideas, opinions, and stories both fact and fiction. The best part about the the blogs is information that we might not find in our local news, even if we read it online. Sharing that information is important, especially if it educates, sparks conversation and new ideas. We have all found places that are our favorites that we read everyday, not everyone’s are the same. The Internet is a vast place. Unlike Punting the Pundits which focuses on opinion pieces mostly from the mainstream media and the larger news web sites, “Around the Blogosphere” will focus more on the medium to smaller blogs and articles written by some of the anonymous and not so anonymous writers and links to some of the smaller pieces that don’t make it to “Pundits” by Krugman, Baker, etc.

We encourage you to share your finds with us. It is important that we all stay as well informed as we can.

Follow us on Twitter @StarsHollowGzt

This is an Open Thread.

It takes a gay man to point out the ludicrous hypocrisy and blatant slap in the face to women of the panel of witnesses at this morning’s hearing on military sexual assaults before the Senate Armed Services Committee. From John Aravosis at Americablog:

In a brazen slap in the face to women in the military, the Senate Armed Services Committee – run by Democrats, mind you – invited 18 opponents of legislation addressing sexual assault to testify at a hearing today, while inviting only 2 witnesses who support the sexual assault legislation, and no sexual assault victims at all to testify.

The picture says it all:

Senate Military Sexual Assault Hearing photo a70b4de499234e509e1c5af0a1311205-88_zpsa63c095b.jpg

Click on image for the full impact.

At Dependable Renegade, watertiger offers her thoughts on Sen. Saxby Chamblis’ “hormone level created by nature” defense of for rapes in the military for rapes in the military:

What do you call a giant anal sphincter wrapped in worsted wool, ignorance and the American flag?  [..]

Remember, this is the guy who (1) avoided serving in Vietnam, and who (2) won election by calling Max Max Cleland, a decorated war veteran who sacrificed mightily for his country, unpatriotic. IOW, Chambliss is a scumbag of the highest order. Asshole Emeritus, even. And a sexist douchebag, to boot. What a guy.

At Corrente, hipparchia has an idea on how to elect more and better Democrats to Congress:

Take a page from the Republican play book: have your candidates for office sign a pledge and then hold them to it.

The pledge? Bring back pork barrel spending. Bring home the Federal dollars to your district or state. Tax the rich to pay for it.

It’s not really a true jobs guarantee program, and it would be a far far better thing if they spend the money on stuff we really need, but even bridges to nowhere provide jobs, plus they’re less morally objectionable than, say, drone manufacturing.

Jim White, at emptywheel, reports of the arrest of an Afghan colonel implicated in atrocities committed by a “shady character” known as Zakaria Kandahari, the CIA and a U.S. special forces team:

In another article at ProPublica, Cora Currier reports “on the death of hundreds, possibly thousands, of Taliban prisoners of war at the hands of U.S.-allied Afghan forces in late 2001.”

I think you know the answer to that question. It’s why John Kiriakou is in prison:

After Obama pledged in 2009 to look into the case, a parallel inquiry was begun the next year in the Senate Foreign Relations Committee, chaired by current Secretary of State John Kerry.

The fate of that investigation is also unclear. The lead investigator, John Kiriakou, was a former CIA officer who was caught up in a criminal leak prosecution and is now in prison. Other Senate staffers could not provide details on Kiriakou’s efforts. Physicians for Human Rights says contact from the committee fizzled out within a year.

Over at Paul Krugman‘s blog Conscious of a Liberal, Paul was at the Princeton commencement this morning. His nephew graduated. Who knew that they still teach Latin?

(T)he high point so far was the Latin salutation, which was apparently – judging from the reactions of those who understood it – a spectacularly funny stand-up routine. Who knew? [..]

Shirley Tilghman has been a great university president, but even I can tell that she speaks Latin with a very Canadian accent.

And this post on Josh Barro’s attempt at being a reasonable conservative and the unintended consequences of the GOP’s Moral Derpitude.

It must be “Pick on Josh Barro Day.” Atrios takes his turn at Eschaton:

On the twitterz earlier Josh Barro wrote:

   Liberals love the ARC tunnel that Chris Christie killed bc they love anything with rails, but it was a dumb, overly expensive project.

snip

I’d rather have a $10 billion pair of tunnels than spend $10 billion on equipment the military doesn’t even want. That probably isn’t a choice, either, but we do the latter all of the time. We shouldn’t get “sensible” when the former is an option.

but he did like Josh’s Erickson bashing.

A couple of interesting posts at Yves Smith‘s site, naked capitalism:

The final words go to Charles Pierce at Esquire’s Politics Blog for pointing out this interview with Pentagon Papers whistleblower, Daniel Ellsberg, on MSNBC’s The Cycle about the opening day of PFC Bradley Manning’s court martial.

Ellsberg wasn’t buying the made-to-order prosecutorial three-rail shot from Manning to WikiLeaks to Osama bin Laden.

   “It seems absurd and I would say outrageous to say that giving information to the American public and through WikiLeaks to the world and it indicates nothing more than it does give comfort to our actual enemies…these are commentaries on the policies that are actually shameful. I would like to see the people who participated in the atrocities Bradley Manning exposed investigated.”

He’s still pretty sharp.

 

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: DNA and Suspicionless Searches

The federal government and 28 states currently permit DNA collection before conviction. The decision severely undermines fundamental Fourth Amendment principles that protect individuals against unjustified searches and incursions on privacy by law enforcement.

Justice Antonin Scalia, writing the dissent that was joined by Justices Ruth Bader Ginsburg, Sonia Sotomayor and Elena Kagan, eviscerated the logic of the majority opinion.

“The court’s assertion that DNA is being taken, not to solve crimes, but to identify those in the state’s custody, taxes the credulity of the credulous,” he said. “Solving unsolved crimes is a noble objective, but it occupies a lower place in the American pantheon of noble objectives than the protection of our people from suspicionless law-enforcement searches.”

That has been a bedrock rule in court decisions about the Fourth Amendment, Justice Scalia explained, which the majority has cast aside.

Dean Baker: Recession culprits? Start with Alan Greenspan and Jean-Claude Trichet

The US Federal Reserve and European Central Bank heads played large roles in the crisis, yet they collect public pensions

The economies of the United States and Europe are seeing their worst downturn since the Great Depression. Tens of millions of people are unemployed or underemployed. This has led to millions losing their homes, their access to health care, and, in some cases, their lives.

Remarkably, the two individuals who bear the greatest responsibility for this disaster, former Federal Reserve Board chairman Alan Greenspan former president of the European Central Bank Jean-Claude Trichet, do not appear to be suffering at all for their failure. Both are living comfortably and continue to be sought out for their expertise on economic policy. This should infuriate reasonable people everywhere.

Bloomberg Editorial Board: Denying Immigrants Health Care Is Cruel Politics

As if immigration and health-care reform aren’t sufficiently daunting in their own rights, the two issues are now joined.

Last week, the Senate Judiciary Committee approved a bill that would give the roughly 11 million undocumented immigrants in the U.S. a chance to become citizens. Immigrants who meet a series of conditions would be granted provisional legal status, allowing them to work in the country legally.

The legislation would prevent those immigrants from receiving federal benefits for at least 10 years. The prohibition includes qualifying for Medicaid and getting federal subsidies to purchase health insurance.

Excluding such immigrants from government health assistance has its appeal. Although the cost of extending such benefits is hard to estimate — the Congressional Budget Office hasn’t analyzed the issue — it’s likely to be expensive. In addition, some critics view subsidies for immigrants as a perverse reward for breaking immigration laws.

Eugene Robinson: Too Juvenile to Govern

Washington – With budgetary tantrums in the Senate and investigative play-acting in the House, the Republican Party is proving once again that it simply cannot be taken seriously.

This is a shame. I don’t share the GOP’s philosophy, but I do believe that competition makes both of our major parties smarter. I also believe that a big, complicated country facing economic and geopolitical challenges needs a government able to govern.

What we don’t need is the steady diet of obstruction, diversion and gamesmanship that Republicans are trying to ram down the nation’s throat. It’s not as if President Obama and the Democrats are doing everything right. It’s just that the GOP shrinks from doing anything meaningful at all.

Mark Vorpahl: Quantitative Crisis: Bernanke’s “Stimulus” for the 1%

When I heard that Federal Reserve Chairman Ben Bernanke told Congress last week that it was too soon for the Fed to end its extraordinary stimulus programs, I did a double take.

“What stimulus programs?” I thought. Where are the jobs programs? Where are the “extraordinary” social services that will enable those still suffering from the effects of the Great Recession to buy more and stimulate the economy?

What escaped my attention for a moment was the fact that these words were uttered by an official steeped in the jargon of high finance and political policy – where words like “stimulus” are treated to Orwellian twists, their meaning transformed into something very different from what most people understand them to mean.

Christopher Flavelle: The Real Reason We Pay So Much for Health Care

A lengthy New York Times report yesterday detailed just how much more Americans pay for medical services than people in other countries. Often a lot more: almost twice what the Swiss pay for a colonoscopy, three and a half times more than the Dutch for an MRI and five times more than Spaniards for a hip replacement, according to the International Federation of Health Plans.

The high per-unit price of medical services in this country is an open secret, well documented in the health-policy world but largely ignored in the political debate. Rather than rail against high prices, Americans should rail against this: The fixes for those higher prices are clear enough, yet they get almost no consideration from policymakers.

On This Day In History June 4

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

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June 4 is the 155th day of the year (156th in leap years) in the Gregorian calendar. There are 210 days remaining until the end of the year.

On this day in 1919, the 19th Amendment to the U.S. Constitution, guaranteeing women the right to vote, is passed by Congress and sent to the states for ratification.

The Nineteenth Amendment‘s text was drafted by Susan B. Anthony with the assistance of Elizabeth Cady Stanton. The proposed amendment was first introduced in the U.S. Senate colloquially as the “Anthony Amendment”, by Senator Aaron A. Sargent of California. Sargent, who had met and befriended Anthony on a train ride in 1872, was a dedicated women’s suffrage advocate. He had frequently attempted to insert women’s suffrage provisions into unrelated bills, but did not formally introduce a constitutional amendment until January 1878. Stanton and other women testified before the Senate in support of the amendment. The proposal sat in a committee until it was considered by the full Senate and rejected in a 16 to 34 vote in 1887.

A three-decade period known as “the doldrums” followed, during which the amendment was not considered by Congress and the women’s suffrage movement achieved few victories. During this period, the suffragists pressed for the right to vote in the laws of individual states and territories while retaining the goal of federal recognition. A flurry of activity began in 1910 and 1911 with surprise successes in Washington and California. Over the next few years, most western states passed legislation or voter referenda enacting full or partial suffrage for women. These successes were linked to the 1912 election, which saw the rise of the Progressive and Socialist parties, as well as the election of Democratic President Woodrow Wilson. Not until 1914 was the constitutional amendment again considered by the Senate, where it was again rejected.

On January 12, 1915, a proposal to amend the Constitution to provide for women’s suffrage was brought before the House of Representatives, but was defeated by a vote of 204 to 174. Another proposal was brought before the House on January 10, 1918. During the previous evening, President Wilson made a strong and widely published appeal to the House to pass the amendment. It was passed by the required two-thirds of the House, with only one vote to spare. The vote was then carried into the Senate. Wilson again made an appeal, but on September 30, 1918, the proposal fell two votes short of passage. On February 10, 1919, it was again voted upon and failed by only one vote.

There was considerable desire among politicians of both parties to have the proposal made part of the Constitution before the 1920 general elections, so the President called a special session of the Congress so the proposal would be brought before the House again. On May 21, 1919, it passed the House, 42 votes more than necessary being obtained. On June 4, 1919, it was brought before the Senate and, after a long discussion, it was passed with 56 ayes and 25 nays. Within a few days, Illinois, Wisconsin, and Michigan ratified the amendment, their legislatures being in session. Other states followed suit at a regular pace, until the amendment had been ratified by 35 of the necessary 36 state legislatures. On August 18, 1920, Tennessee narrowly approved the Nineteenth Amendment, with 50 of 99 members of the Tennessee House of Representatives voting yes. This provided the final ratification necessary to enact the amendment.

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