Tag: Open Thread

On This Day In History March 19

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.

March 19 is the 78th day of the year (79th in leap years) in the Gregorian calendar. There are 287 days remaining until the end of the year.

On this day in 1941, the 99th Pursuit Squadron also known as the Tuskegee Airmen, the first all-black unit of the Army Air Corp, is activated.

The Tuskegee Airmen is the popular name of a group of African American pilots who fought in World War II. Formally, they were the 332nd Fighter Group and the 477th Bombardment Group of the U.S. Army Air Corps.

The Tuskegee Airmen were the first African American military aviators in the United States armed forces. During World War II, African Americans in many U.S. states still were subject to racist Jim Crow laws. The American military was racially segregated, as was much of the federal government. The Tuskegee Airmen were subject to racial discrimination, both within and outside the army. Despite these adversities, they trained and flew with distinction. Although the 477th Bombardment Group “worked up” on North American B-25 Mitchell bombers, they never served in combat; the Tuskegee 332nd Fighter Group was the only operational unit, first sent overseas as part of Operation Torch, then in action in Sicily and Italy, before being deployed as bomber escorts in Europe where they were particularly successful in their missions.

The Tuskegee Airmen initially were equipped with Curtiss P-40 Warhawks fighter-bomber aircraft, briefly with Bell P-39 Airacobras (March 1944), later with Republic P-47 Thunderbolts (June-July 1944), and finally the fighter group acquired the aircraft with which they became most commonly associated, the North American P-51 Mustang (July 1944). When the pilots of the 332nd Fighter Group painted the tails of their P-47’s red, the nickname “Red Tails” was coined. Bomber crews applied a more effusive “Red-Tail Angels” sobriquet.

Background

Before the Tuskegee Airmen, no African American had become a U.S. military pilot. In 1917, African-American men had tried to become aerial observers, but were rejected, however, African American Eugene Bullard served as one of the members of the Franco-American Lafayette Escadrille. Nonetheless, he was denied the opportunity to transfer to American military units as a pilot when the other American pilots in the unit were offered the chance. Instead, Bullard returned to infantry duty with the French.

The racially motivated rejections of World War I African-American recruits sparked over two decades of advocacy by African-Americans who wished to enlist and train as military aviators. The effort was led by such prominent civil rights leaders as Walter White of the National Association for the Advancement of Colored People, labor union leader A. Philip Randolph, and Judge William H. Hastie. Finally, on 3 April 1939, Appropriations Bill Public Law 18 was passed by Congress containing an amendment designating funds for training African-American pilots. The War Department managed to deflect the monies into funding civilian flight schools willing to train black Americans.

War Department tradition and policy mandated the segregation of African-Americans into separate military units staffed by white officers, as had been done previously with the 9th Cavalry, 10th Cavalry, 24th Infantry Regiment and 25th Infantry Regiment. When the appropriation of funds for aviation training created opportunities for pilot cadets, their numbers diminished the rosters of these older units. A further series of legislative moves by the United States Congress in 1941 forced the Army Air Corps to form an all-black combat unit, despite the War Department’s reluctance.

Due to the restrictive nature of selection policies, the situation did not seem promising for African-Americans since, in 1940, the U.S. Census Bureau reported only 124 African-American pilots in the nation. The exclusionary policies failed dramatically when the Air Corps received an abundance of applications from men who qualified, even under the restrictive requirements. Many of the applicants already had participated in the Civilian Pilot Training Program, in which the historically black Tuskegee Institute had participated since 1939.

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 Worsening Haitian Tragedy

The aid group Doctors Without Borders said last Tuesday that the cholera crisis in Haiti was getting worse, for the most unnecessary and appalling of reasons: a lack of money and basic medical supplies. [..]

The dreadful backdrop to this emergency is an abdication of responsibility by organizations that have pledged to help Haiti, particularly the United Nations. The U.N. said last month that it would not pay financial compensation for the epidemic’s victims, claiming immunity. This is despite overwhelming evidence that the U.N. introduced the disease, which was unknown in Haiti until it suddenly appeared near a base where U.N. peacekeepers had let sewage spill into a river.

Paul Krugman: Marches of Folly

Ten years ago, America invaded Iraq; somehow, our political class decided that we should respond to a terrorist attack by making war on a regime that, however vile, had nothing to do with that attack.

Some voices warned that we were making a terrible mistake – that the case for war was weak and possibly fraudulent, and that far from yielding the promised easy victory, the venture was all too likely to end in costly grief. And those warnings were, of course, right. [..]

So did our political elite and our news media learn from this experience? It sure doesn’t look like it.

Les Leopold: Too Big to Whale: Why JP Morgan Chase Should Be Shut Down

If you want more evidence that JP Morgan Chase is closer to a criminal enterprise than a economically useful bank, then read the report from the Senate’s Permanent Subcommittee on Investigations, JP Morgan Chase Wale Trades: A Case History of Derivatives Risks and Abuses. It shows in high definition how this mega-bank, touted as the best managed bank on Wall Street, repeatedly lied and dissembled to regulators and investigators. [..]

The stench of Wall Street arrogance wafts through the report. Executives show utter contempt for regulators and for telling the truth. How dare those lowly public servants interfere with the banks primary mission, which is making as much money as possible, anyway possible, and damn the law!

Dean Baker: Capitalism, Steven Pearlstein, and Morality

The Washington Post had a major column by Steve Pearlstein on the front page of its Outlook section headlined, “Is Capitalism Moral?” The piece notes the sharp upward redistribution of income over the last three decades and asks whether we should just being willing to accept market outcomes.

Of course this question is absurd on its face. The upward redistribution of the last three decades was the result of deliberate government policies designed to redistribute income upward; it was not the natural workings of the market. [..]

The massive upward redistribution of the last three decades has been the result of these and other deliberate policies that had the goal of redistributing income upward. It was not the result of free market capitalism. [..] The real question is whether a system that is designed around policies that redistribute from the middle and the bottom to the top is moral.

Robert Kuttner: Talking ‘Bout My Generation

I will start drawing Social Security next month. I think I’ve earned it. On the other hand, I have to admit that society has been good to my generation.

I was able to graduate from a good private college with no debt. Four years at Oberlin cost $10,000 — tuition, room, board, books, fees. Not $10,000 a year — but for four years.My employers all provided good health insurance. Though I’ve had a somewhat unorthodox career, I did not hold multiple jobs because economic circumstances forced me to but because I enjoyed being at the cusp of journalism and academia. Yeah, I’ve worked hard, but the truth is, I’ve had a nice generational tailwind.

Why am I telling you this? Not because I expect to retire any time soon. But because, if you are under 40, your generation is getting utterly screwed compared to mine, and you should be in the streets.

Joe Romm: The Dangerous Myth That Climate Change Is Reversible

The CMO (Chief Misinformation Officer) of the climate ignorati, Joe Nocera, has a new piece, “A Real Carbon Solution.” The biggest of its many errors comes in this line:

   A reduction of carbon emissions from Chinese power plants would do far more to help reverse climate change than – dare I say it? – blocking the Keystone XL oil pipeline.

Memo to Nocera: As a NOAA-led paper explained 4 years ago, climate change is “largely irreversible for 1000 years.” [..]

The fact is that, as RealClimate has explained, we would need “an immediate cut of around 60 to 70% globally and continued further cuts over time” merely to stabilize atmospheric concentrations of CO2 – and that would still leave us with a radiative imbalance that would lead to “an additional 0.3 to 0.8ºC warming over the 21st Century.” And that assumes no major carbon cycle feedbacks kick in, which seems highly unlikely.

On This Day In History March 18

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.

March 18 is the 77th day of the year (78th in leap years) in the Gregorian calendar. There are 288 days remaining until the end of the year.

On this day in 1766, the British Parliament repeals the Stamp Act

After four months of widespread protest in America, the British Parliament repeals the Stamp Act, a taxation measure enacted to raise revenues for a standing British army in America. However, the same day, Parliament passed the Declaratory Acts, asserting that the British government had free and total legislative power over the colonies.

The Stamp Act of 1765 (short title Duties in American Colonies Act 1765; 5 George III, c. 12) was a direct tax imposed by the British Parliament specifically on the colonies of British America. The act required that many printed materials in the colonies be produced on stamped paper produced in London and carrying an embossed revenue stamp. These printed materials were legal documents, magazines, newspapers and many other types of paper used throughout the colonies. Like previous taxes, the stamp tax had to be paid in valid British currency, not in colonial paper money. The purpose of the tax was to help pay for troops stationed in North America after the British victory in the Seven Years’ War. The British government felt that the colonies were the primary beneficiaries of this military presence, and should pay at least a portion of the expense.

The Stamp Act met great resistance in the colonies. The colonies sent no representatives to Parliament, and therefore had no influence over what taxes were raised, how they were levied, or how they would be spent. Many colonists considered it a violation of their rights as Englishmen to be taxed without their consent, consent that only the colonial legislatures could grant. Colonial assemblies sent petitions and protests. The Stamp Act Congress held in New York City, reflecting the first significant joint colonial response to any British measure, also petitioned Parliament and the King. Local protest groups, led by colonial merchants and landowners, established connections through correspondence that created a loose coalition that extended from New England to Georgia. Protests and demonstrations initiated by the Sons of Liberty often turned violent and destructive as the masses became involved. Very soon all stamp tax distributors were intimidated into resigning their commissions, and the tax was never effectively collected.

Opposition to the Stamp Act was not limited to the colonies. British merchants and manufacturers, whose exports to the colonies were threatened by colonial economic problems exacerbated by the tax, also pressured Parliament. The Act was repealed on March 18, 1766 as a matter of expedience, but Parliament affirmed its power to legislate for the colonies “in all cases whatsoever” by also passing the Declaratory Act. This incident increased the colonists’ concerns about the intent of the British Parliament that helped the growing movement that became the American Revolution.

Rant of the Week: Rachel Maddow

Warning: Contents of this video may be disturbing for many.

Gun Control and the Newtown Tragedy

Rachel Maddow reports on how much easier high capacity magazines made it for the Newtown shooter to maximize the slaughter he could commit, and shores the video from the Senate Judiciary Committee meeting today in which Sen Dianne Feinstein (D-CA) dealt with the naivete of freshman Sen Ted Cruz (R-TX) before the committee passed an assault weapons ban.

152 bullets, 4 magazines, less than 5 minutes

Adam Lanza Researched Mass Murderers, Sources Say

by Dave Altimari, Edmund H. Mahony and Jon Lender

Before carrying out the Dec. 14 massacre at Sandy Hook Elementary School, Adam Lanza conducted research on several mass murders, sources close to the investigation into the shooting have told The Courant.

The Courant had previously reported that investigators found news articles about Norwegian mass murderer Anders Behring Breivik at Lanza’s Newtown home. Sources now say that investigators found articles and other documents related to other mass murders in one of two bedrooms he used in the house that he shared with his mother, Nancy.

Lanza killed 26 people, including 20 first-graders, on the morning of Dec. 14 before taking his own life as police closed in. Lanza had first shot and killed his mother at their house.

State police gave the victims’ families, Sandy Hook teachers and first-responders an update on the investigation last week in which, sources said, they discussed the theory that Lanza was trying to outdo other killers.

On This Day In History March 17

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.

March 17 is the 76th day of the year (77th in leap years) in the Gregorian calendar. There are 289 days remaining until the end of the year.

On this day in 461, Saint Patrick, Christian missionary, bishop and apostle of Ireland, dies at Saul, Downpatrick, Ireland.

Much of what is known about Patrick’s legendary life comes from the Confessio, a book he wrote during his last years. Born in Great Britain, probably in Scotland, to a well-to-do Christian family of Roman citizenship, Patrick was captured and enslaved at age 16 by Irish marauders. For the next six years, he worked as a herder in Ireland, turning to a deepening religious faith for comfort. Following the counsel of a voice he heard in a dream one night, he escaped and found passage on a ship to Britain, where he was eventually reunited with his family.

According to the Confessio, in Britain Patrick had another dream, in which an individual named Victoricus gave him a letter, entitled “The Voice of the Irish.” As he read it, Patrick seemed to hear the voices of Irishmen pleading him to return to their country and walk among them once more. After studying for the priesthood, Patrick was ordained a bishop. He arrived in Ireland in 433 and began preaching the Gospel, converting many thousands of Irish and building churches around the country. After 40 years of living in poverty, teaching, traveling and working tirelessly, Patrick died on March 17, 461 in Saul, where he had built his first church.

First St. Patrick’s Day parade

In New York City, the first parade honoring the Catholic feast day of St. Patrick, the patron saint of Ireland, is held by Irish soldiers serving in the British army.

Early Irish settlers to the American colonies, many of whom were indentured servants, brought the Irish tradition of celebrating St. Patrick’s feast day to America. The first recorded St. Patrick’s Day parade was held not in Ireland but in New York City in 1762, and with the dramatic increase of Irish immigrants to the United States in the mid-19th century, the March 17th celebration became widespread. Today, across the United States, millions of Americans of Irish ancestry celebrate their cultural identity and history by enjoying St. Patrick’s Day parades and engaging in general revelry.

Punting the Pundits: Sunday Preview Edition

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

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

Follow us on Twitter @StarsHollowGzt

The Sunday Talking Heads:

Up with Chris Hayes: Joining Chris this morning are Zainab al Suwaij, co-founder and executive director of the American Islamic Congress; Stuart Bowen, Special Inspector General for Iraq Reconstruction; Democratic Representative Kyrsten Sinema (@RepSinema) is serving her first term representing Arizona’s Ninth Congressional District; Basma Zaiber, Iraqi caseload coordinator and director of development and research for The List Project to Resettle Iraqi Allies; Koby Langley (@warrioradvocate), Iraq War veteran who served in the 82nd Airborne Division and current senior advisor to Americor for Veteran Initiatives;   (@raedjarrar), communications director for Arab-American Anti-Discrimination Committee, former Iraq specialist  to the American Friends Service Committee; Democratic Representative Jerrold Nadler; Sam Seder (@SamSeder), host of The Majority Report, co-host of Ring of Fire; and Heidi Moore, economics and finance editor for The Guardian newspaper.

This Week with George Stephanopolis: On Sunday’s “This Week,” House Speaker John Boehner, R-Ohio, goes one-on-one with ABC News’ Martha Raddatz in a “This Week” Sunday exclusive.

A special foreign policy roundtable examines major challenges abroad, including the state of the war in Afghanistan and the growing cyber-security threat, with former Clinton Secretary of State Madeleine Albright; former Bush National Security Adviser Stephen Hadley; and former Joint Chiefs of Staff Vice Chair Gen. James Cartwright (USMC, Ret.).  

The political roundtable debates all the week’s politics, from budget battles in Washington to the future of the Catholic Church, with ABC News’ George Will and Matthew Dowd; House Democratic Caucus Chair Rep. Xavier Becerra, D-Calif.; co-host of NPR’s All Things Considered Audie Cornish; and former Hewlett-Packard CEO Carly Fiorina, chair of Good360.

Face the Nation with Bob Schieffer: Mr. Schieffer’s guests are Rep. Paul Ryan (R-WI); Chairman of the Republican National Committee Reince Priebus; and Sen. Amy Klobuchar (R-MI).

The foreign policy panel with Richard Haass, The Council on Foreign Relations President; Danielle Pletka of American Enterprise Institute, David Rhode of The Atlantic and David Sanger from The New York Times.

The Chris Matthews Show: This week’s guests are Joe Klein, TIME Columnist; Kelly O’Donnell, NBC News Capitol Hill Correspondent; Katty Kay, BBC Washington Correspondent; and Chuck Todd, NBC News Chief White House Correspondent.

Meet the Press with David Gregory: On this week’s MTP, Chicago’s Cardinal Francis George will discuss the election of Pope Francis.

MTP will host an exclusive debate between the top Democrat on the House Budget Committee, Rep. Chris Van Hollen (D-MD), and the House Republican Whip, Rep. Kevin McCarthy (R-CA).  

The roundtable guests are  MSNBC’s “Hardball” Chris Matthews; former two-term Republican Governor who, in 2002, was appointed by the U.S. Conference of Catholic Bishops to investigate the sex abuse scandals in the Church, Frank Keating (R-OK); author and former Lieutenant Governor of Maryland Kathleen Kennedy Townsend; and Republican Ana Navarro.

State of the Union with Candy Crowley: Ms. Crowley’s guest are Republican Mike Rogers of Michigan and Democrat Dutch Ruppersberger of Maryland;  Rep. Tulsi Gabbard (D-HI) and Rep. Tom Cotton (R-AR).

Her panel guests are Al Cardenas of the American Conservative Union, Democratic Strategist KiKi McLean, Rep. Raul Grijalva of Arizona and a new face in the political world, Dr. Ben Carson.

What We Now Know

In this week’s segment of MSNBC’s Up with Chris Hayes “What We Now Know, Up host Chris Hayes discusses his new show week nights at 8 PM on MSNBC. He tells us the that “Up” will continue with a new host to be announced in the next few days. Congratulations, Chris, kick butt.

What we have learned this week is discussed with guests Ben Jealous, president and CEO of NAACP; Nancy Huehnergarth, nutritional advocate and policy consultant, contributor to the Huffington Post; New York City Council Member Letitia James, a member of the Working Families Party representing parts of Brooklyn, and a candidate for public advocate; and Monifa Bandele, campaign director with MomsRising.org.

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FDIC Secretly Settling Bank Cases For Years With ‘No Press Release’ Clause: Report

from Huffington Post

At the request of rule-breaking bankers, a top U.S. regulator has for years settled bank cases in secret, raising the bar on just how far regulators are willing to go to help the industry they regulate.

The Federal Deposit Insurance Corp., which insures bank deposits in the U.S. and shuts down failing banks, has since 2007 repeatedly settled charges of banker wrongdoing by agreeing to “no press release” clauses that keep the settlements a secret, the Los Angeles Times reports.

In one particularly glaring example, Deutsche Bank agreed to pay $54 million to quietly settle charges that its New York mortgage-banking subsidiary, MortgageIT, sold bad loans to another mortgage bank, Independent National Mortgage Corporation, a/k/a “IndyMac.” IndyMac collapsed under the weight of bad mortgage loans in July 2008, a notable milestone in the financial crisis.

In exchange for the settlement, the FDIC agreed not to announce the deal unless it was asked about it, the LAT writes. That was just one of “scores” of such settlements the LAT discovered through a Freedom of Information Act request that turned up 1,600 pages of documents.

State Department report OK’ing Keystone XL linked to oil industry

by Natasha Lennard, Salon

Consulting firms with ties to oil giants provided the basis of government document

The State Department study published last month OK’ing the Keystone XL pipeline was partly compiled by “oil-industry connected” firms, according to new reports.

The Environmental Impact Statement, as Salon noted on its release, angered environmentalists for its assessment that the project was sound and would have limited negative consequences. As DeSmog Blog’s Steve Horn noted Tuesday, however, “Unmentioned by State: the study was contracted out to firms with tar sands extraction clientele, as revealed by InsideClimate News.”

InsideClimate News reported that two firms, EnSys Energy and ICF International provided the State Department that basis for their claims:

   The State Department’s recent conclusion that the Keystone XL pipeline “is unlikely to have a substantial impact” on the rate of Canada’s oil sands development was based on analysis provided by two consulting firms with ties to oil and pipeline companies that could benefit from the proposed project.

   EnSys Energy has worked with ExxonMobil, BP and Koch Industries, which own oil sands production facilities and refineries in the Midwest that process heavy Canadian crude oil. Imperial Oil, one of Canada’s largest oil sands producers, is a subsidiary of Exxon.

   ICF International works with pipeline and oil companies but doesn’t list specific clients on its website. It declined to comment on the Keystone, referring questions to the State Department.

NFL’s Sexual Orientation Concern Must Be Addressed, Says NY AG Eric Schneiderman

by Michael Gormley, Huffington Post

ALBANY, N.Y. – New York Attorney General Eric Schneiderman urged the NFL on Thursday to investigate whether possible draft picks were improperly asked about their sexual orientation during the league’s combine, which he said would be illegal in New York.

“We ask that the league immediately issue a statement that any form of discrimination or harassment on the basis of sexual orientation by league teams or players against potential recruits or players constitutes a violation of state, local and, in some cases, contractor law and will not be tolerated,” Schneiderman said in a letter dated Thursday and released to news organizations.

Schneiderman asked NFL Commissioner Roger Goodell to call him by next Wednesday to schedule a meeting on the matter.

NFL spokesman Greg Aiello said the league was already looking into the issue and would discuss it at its meeting next week in Phoenix.

Health and Fitness News

Welcome to the Stars Hollow Health and Fitness News weekly diary. It will publish on Saturday afternoon and be open for discussion about health related issues including diet, exercise, health and health care issues, as well as, tips on what you can do when there is a medical emergency. Also an opportunity to share and exchange your favorite healthy recipes.

Questions are encouraged and I will answer to the best of my ability. If I can’t, I will try to steer you in the right direction. Naturally, I cannot give individual medical advice for personal health issues. I can give you information about medical conditions and the current treatments available.

You can now find past Health and Fitness News diaries here and on the right hand side of the Front Page.

Follow us on Twitter @StarsHollowGzt

Cutting Down on the Meat, but Not the Taste

Mushroom Burgers photo 11recipehealth-articleLarge_zps27b76110.jpg

There are many ways to cut down your meat intake and increase your vegetable consumption without becoming a vegetarian. Culinary traditions around the world are filled with dishes in which meat is used sparingly, for flavor and substance, but is not at the center of the plate. Think stir-fries, and some of your favorite pastas that have a little bit of pancetta but are really all about the tomatoes.

Some of America’s biggest food service companies are committed to increasing vegetable consumption, but they don’t want to lose their meat-loving customers, so they are figuring out ways to create dishes with less meat that are still appealing. You may face this challenge in your own family; you want everybody to cut down on meat consumption, but they love their burgers.

Chef Scott Samuel’s Roasted Mushroom Base and Mushroom Burgers

This is the mushroom base that Scott Samuel, a chef instructor at the Culinary Institute of America, uses in conjunction with beef in his burgers. I have cut the amount of olive oil that Scott uses from 1/2 cup to 1/4 cup.

Mushroom and Turkey Burgers

Let’s face it: turkey burgers can be boring. I spiced these up with a Middle Eastern spice blend, called baharat, that is great to have on hand.

Mushroom and Beef Meatballs

The mushroom base renders a flavor that is more vegetal than meaty. The recipe is easy to double and the meatballs freeze well.

Mushroom, Bulgur, Spinach and Turkey Fritters With Yogurt Sauce

These are smaller than burgers and are served without buns, with a pungent garlic sauce.

Rainbow Beef

In this version of a stir-fry classic I am using less beef than a typical recipe would call for and adding in some shiitake mushrooms and extra peppers.

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

Lincoln P. Brower and Homero Aridjis: The Winter of the Monarch

IN the village of Contepec, in Michoacán, a few hours northwest of Mexico City, every winter day, rivers of orange and black butterflies would stream through the streets in search of water, swooping down from the Oyamel fir forest on Altamirano Hill. One of us, Homero, grew up with the monarch butterflies. The other, Lincoln, saw them for the first time in 1977, also in Michoacán, on a mountain called Sierra Chincua, where the branches of hundreds of fir trees were covered with butterflies that exploded into glorious flight when warmed by the sun.

Today the winter monarch colonies, which are found west of Mexico City, in an area of about 60 miles by 60 miles, are a pitiful remnant of their former splendor. The aggregate area covered by the colonies dwindled from an average of 22 acres between 1994 and 2003 to 12 acres between 2003 and 2012. This year’s area, which was reported on Wednesday, hit a record low of 2.9 acres.

Josh Barro: Why Social Security Is the Best Retirement Saving Vehicle

Last week I wrote that Social Security is the healthiest component of the U.S.’s retirement saving system and should therefore be expanded. This isn’t a popular position; liberals tend to prefer defined-benefit pensions from employers and conservatives defined-contribution accounts, such as 401(k)s and individual retirement accounts. But the reason Social Security works so well is that it lacks a fundamental problem that undermines the effectiveness of these other retirement vehicles. [..]

.. 401(k) and traditional pensions are both just efforts to finance retirement on the cheap by taking on excessive risk. The problem created by risk manifests itself in different ways with the different vehicles. [..]

Social Security is also based on a bet about future economic performance, but it’s a much more reasonable bet. Forget the trust fund — Social Security is based on a bet that the payroll tax base and annual benefit payouts grow at approximately the same pace.

Richard (RJ) Eskow: As Senators Roast JPMorgan Chase, Are The Winds Shifting for Diamond Jamie?

Forgive us if we begin our discussion of the Senate Subcommittee for Investigation’s JPMorgan Chase hearing with a small victory lap, but as they say down South, “It ain’t braggin’ if it’s true.” We’ve been saying for years that JPMorgan Chase is fundamentally a criminal enterprise, that “Obama’s favorite banker” Jamie Dimon is a fraud, and that “America’s best bank” is a nest of venality and criminality. Although we value civility as much as the next guy, we’ve been forced to suggest that this bank is the “Scandal of Our Time,” a leading contender for “Worst Corporate Outlaw of the Year.”

We were also forced, civility or no, to suggest that JPM’s relationship with Syracuse University is corrupting our young people, and that the most generous interpretation of Dimon’s own tenure is that he is so profoundly incompetent as an executive that “Jamie Didn’t Know.” We also noted that Jamie did know that the London Whale scheme had cost his bank billions, even as he told investors on a phone call that it was just a “tempest in a teapot.”

Kevin Gosztola: Obama’s I’m-No-Dick-Cheney Standard for Government Secrecy

Democratic Senator Jay Rockefeller of West Virginia, upset about not being provided with memos containing the legal justification for targeted killing operations, such as drone strikes, was apparently told by President Barack Obama not to worry because he is not Vice President Dick Cheney. [..]

This is the “Trust Us” defense for secrecy. It is in line with what Attorney General Eric Holder said to Republican Representative Ted Cruz when he was asked about whether it would be legal to target American citizens on United States soil. Holder said it would be inappropriate. But, the trustworthiness of an administration should never justify keeping official interpretations of the law secret.

Jared Berstein: Why Does Rep. Paul Ryan Get So Much Attention?

So, I’m doing a radio interview last night, and moderately impressed with myself for being able to speak coherently about four different budgets: Ryan’s, Senate’s, POTUS (not out yet, but we can guess at the mix), and the CPC. Then I got asked a question which threw me a bit: why is Paul Ryan and his budget taken so seriously?

It wasn’t a snarky question. It’s just that I’d been discussing the absolute non-reality of his proposal — how the numbers don’t begin to add up, the unrealistic budget cuts, the plethora of magic asterisks in the absence of actual proposals (the most egregious of which is: I’ll cuts taxes by $6-7 trillion over the next decade and offset the revenue losses with… um… sorry, gotta run). And the interviewer was like, “OK… but if you’re right, why is his budget front page news such that he’s driving the debate?”

David Macaray: From the Folks Who Brought You NAFTA

Although there hasn’t been much mainstream news coverage, the U.S. is currently in negotiations with nine APEC (Asia-Pacific Economic Cooperation) countries on what could become the biggest, most ambitious, most comprehensive FTA (free trade agreement) in history.  The proposed agreement is called TPP (Trans-Pacific Partnership).  Basically, if approved in its present form, it would resemble NAFTA on steroids.  And we all know how well.

NAFTA turned out.

The nine countries involved in TPP negotiations are: the U.S., Vietnam, Singapore, Brunei, Mexico, Malaysia, Peru, Chile, New Zealand and Australia.  Trade analysts have noted that should TPP be approved in its present, open-ended form, it would allow additional countries to sign onto it whenever they liked (without having to negotiate) which would mean, in effect, that TPP could be the last trade agreement the U.S. ever signed.  In other words, it’s a critically important agreement.

On This Day In History March 16

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.

March 16 is the 75th day of the year (76th in leap years) in the Gregorian calendar. There are 290 days remaining until the end of the year.

On this day in 1802, The United States Military Academy, the first military school in the United States, is founded by Congress for the purpose of educating and training young men in the theory and practice of military science.

Colonial period, founding, and early years

The Continental Army first occupied West Point, New York, on 27 January 1778, making it the longest continually occupied post in the United States of America. Between 1778 and 1780, Polish engineer and military hero Tadeusz Kosciuszko oversaw the construction of the garrison defenses. The Great Hudson River Chain and high ground above the narrow “S” curve in the river enabled the Continental Army to prevent British Royal Navy ships from sailing upriver and dividing the Colonies. As commander of the fortifications at West Point, however, Benedict Arnold committed his infamous act of treason, attempting to sell the fort to the British. After Arnold betrayed the patriot cause, the Army changed the name of the fortifications at West Point, New York, to Fort Clinton. With the peace after the American Revolutionary War left various ordnance and military stores deposited at West Point.

“Cadets” underwent training in artillery and engineering studies at the garrison since 1794. Congress formally authorized the establishment and funding of the United States Military Academy on 16 March 1802,. The academy graduated Joseph Gardner Swift, its first official graduate, in October 1802; he later returned as Superintendent from 1812 to 1814. In its tumultuous early years, the academy featured few standards for admission or length of study. Cadets ranged in age from 10 years to 37 years and attended between 6 months to 6 years. The impending War of 1812 caused the United States Congress to authorize a more formal system of education at the academy and increased the size of the Corps of Cadets to 250.

In 1817, Colonel Sylvanus Thayer became the Superintendent and established the curriculum still in use to this day. Thayer instilled strict disciplinary standards, set a standard course of academic study, and emphasized honorable conduct. Known as the “Father of the Military Academy”, he is honored with a monument on campus for the profound impact he left upon the academy’s history. Founded to be a school of engineering, for the first half of the 19th century, USMA produced graduates who gained recognition for engineering the bulk of the nation’s initial railway lines, bridges, harbors and roads. The academy was the only engineering school in the country until the founding of Rensselaer Polytechnic Institute in 1824. It was so successful in its engineering curriculum that it significantly influenced every American engineering school founded prior to the Civil War.

The Mexican-American War brought the academy to prominence as graduates proved themselves in battle for the first time. Future Civil War commanders Ulysses S. Grant and Robert E. Lee first distinguished themselves in battle in Mexico. In all, 452 of 523 graduates who served in the war received battlefield promotions or awards for bravery. The school experienced a rapid modernization during the 1850s, often romanticized by the graduates who led both sides of the Civil War as the “end of the Old West Point era”. New barracks brought better heat and gas lighting, while new ordnance and tactics training incorporated new rifle and musket technology and accommodated transportation advances created by the steam engine. With the outbreak of the Civil War, West Point graduates filled the general officer ranks of the rapidly expanding Union and Confederate armies. Two hundred ninety-four graduates served as general officers for the Union, and one hundred fifty-one served as general officers for the Confederacy. Of all living graduates at the time of the war, 105 (10%) were killed, and another 151 (15%) were wounded. Nearly every general officer of note from either army during the Civil War was a graduate of West Point and a West Point graduate commanded the forces of one or both sides in every one of the 60 major battles of the war.

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