Tag: Open Thread

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.

December 22 is the 356th day of the year (357th in leap years) in the Gregorian calendar. There are nine days remaining until the end of the year.

On this day in 1808, Ludwig von Beethoven’s 5th Symphony makes its world premier in Vienna.

Also premiering that day at the Theater an der Wien in Vienna were Beethoven’s Piano Concerto No. 4 in G major, Op. 58, and the Symphony No. 6 in F major, Op. 68-the “Pastoral Symphony.” But it was the Fifth Symphony that, despite its shaky premiere, would eventually be recognized as Beethoven’s greatest achievement to that point in his career. Writing in 1810, the critic E.T.A. Hoffman praised Beethoven for having outstripped the great Haydn and Mozart with a piece that “opens the realm of the colossal and immeasurable to us…evokes terror, fright, horror, and pain, and awakens that endless longing that is the essence of Romanticism.”

That assessment would stand the test of time, and the Fifth Symphony would quickly become a centerpiece of the classical repertoire for orchestras around the world. But beyond its revolutionary qualities as a serious composition, the Fifth Symphony has also proven to be a work with enormous pop-cultural staying power, thanks primarily to its powerful four-note opening motif-three short Gs followed by a long E-flat. Used in World War II-era Britain to open broadcasts of the BBC because it mimicked the Morse-code “V” for “Victory,” and used in the disco-era United States by Walter Murphy as the basis for his unlikely #1 pop hit “A Fifth Of Beethoven,” the opening notes of Beethoven’s Fifth Symphony have become a kind of instantly recognizable musical shorthand since they were first heard by the public on this day in 1808.

“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: Another Questionable Bank Settlement

The Department of Justice would like you to believe it has finally gotten tough with a too-big-to-fail bank. As part of the global investigation into interest-rate-rigging at the world’s biggest banks, it has extracted a guilty plea for felony wire fraud from UBS Securities Japan, a subsidiary of UBS, the Swiss bank. [..]

Seen in that light, a subsidiary’s plea on a single criminal charge appears to shield the parent company and the prosecution of two traders appears to shield their managers. And even though a $1.5 billion penalty is large by historical standards, there is little reason to believe that such fines, disconnected from criminal charges against bank officers, will deter future wrongdoing.

The Justice Department referred to the UBS rate-rigging as an “epic” scandal. But, as yet, there has been nothing epic in the department’s response.

Paul Krugman: Playing Taxes Hold ‘Em

A few years back, there was a boom in poker television – shows in which you got to watch the betting and bluffing of expert card players. Since then, however, viewers seem to have lost interest. But I have a suggestion: Instead of featuring poker experts, why not have a show featuring poker incompetents – people who fold when they have a strong hand or don’t know how to quit while they’re ahead?

On second thought, that show already exists. It’s called budget negotiations, and it’s now in its second episode. [..]

As in 2011, then, the Republican crazies are doing Mr. Obama a favor, heading off any temptation he may have felt to give away the store in pursuit of bipartisan dreams.

And there’s a broader lesson here. This is no time for a Grand Bargain, because the Republican Party, as now constituted, is just not an entity with which the president can make a serious deal. If we’re going to get a grip on our nation’s problems – of which the budget deficit is a minor part – the power of the G.O.P.’s extremists, and their willingness to hold the economy hostage if they don’t get their way, needs to be broken. And somehow I don’t think that’s going to happen in the next few days.

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.

December 21 is the 355th day of the year (356th in leap years) in the Gregorian calendar. There are 10 days remaining until the end of the year. This is a frequent day for the winter solstice to occur in the northern hemisphere and summer solstice to occur in the southern hemisphere.

On this day in 1968, Apollo 8, the first manned mission to the moon, is successfully launched from Cape Canaveral, Florida, with astronauts Frank Borman, James Lovell, Jr., and William Anders aboard.

Apollo 8 was the first human spaceflight to leave Earth orbit; the first to be captured by and escape from the gravitational field of another celestial body; and the first crewed voyage to return to planet Earth from another celestial body-Earth’s Moon. The three-man American crew of mission Commander Frank Borman, Command Module Pilot James Lovell, and Lunar Module Pilot William Anders became the first humans to directly see the far side of the Moon, as well as the first humans to see planet Earth from beyond low Earth orbit. The 1968 mission was accomplished with the first manned launch of a Saturn V rocket. Apollo 8 was the second manned mission of the Apollo program and the first manned launch from the John F. Kennedy Space Center.

Originally planned as a second Lunar Module/Command Module test in an elliptical medium Earth orbit in early 1969, the mission profile was changed in August 1968 to a more ambitious Command Module-only lunar orbital flight to be flown in December, because the Lunar Module was not ready to make its first flight then. This meant Borman’s crew was scheduled to fly two to three months sooner than originally planned, leaving them a shorter time for training and preparation, thus placing more demands than usual on their time and discipline.

After launching on December 21, 1968, Apollo 8 took three days to travel to the Moon. It orbited ten times over the course of 20 hours, during which the crew made a Christmas Eve television broadcast in which they read the first 10 verses from the Book of Genesis. At the time, the broadcast was the most watched TV program ever. Apollo 8’s successful mission paved the way for Apollo 11 to fulfill U.S. President John F. Kennedy’s goal of landing a man on the Moon before the end of the decade.

“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

Robert Kuttner: Social Security and the Obama Cave-In

The deal between the White House and congressional Republicans includes changes to the cost-of-living formula that amount to needless cuts for seniors.

Once again, President Obama seems to be on the verge of folding a winning hand. [..]

Obama, the reports say, will now settle for as little as $1.2 trillion in tax increases on the rich rather than the $1.6 trillion that he had originally sought. The difference, in effect, will come out of the pockets of workers, retirees, the young, and the poor.

Especially foolish is the cut in Social Security benefits, disguised as a change in the cost-of-living adjustment formula. Before getting to the arcane details of the formula, here’s the bottom line. The proposed change will save only $122 billion over ten years, but it will significantly cut benefits for the elderly.

Richard (RJ) Eskow: This Is Not America’s Deal

Our leaders in Washington heard from the voters last month. They may need to hear from them again.

According to news reports a budget deal is coalescing around some very unattractive and unwise ideas. The deal’s centerpiece is reportedly the “chained CPI,” a back-door tool for gutting Social Security benefits that also raises taxes on all levels of income — all levels, that is, except the highest.

This deal would make voters very unhappy. It reflects neither their wishes, their needs, or their values. They’ve already said so — to pollsters like ours and in the voting booth on Election Day. Instead of responding, this looks like another “insider deal” — another agreement that suggests the public’s values and concerns vanish once you cross the Beltway.

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.

December 20 is the 354th day of the year (355th in leap years) in the Gregorian calendar. There are 11 days remaining until the end of the year.

On this day in 1803, the French hand over New Orleans and Lower Louisiana to the United States.

In April 1803, the United States purchased from France the 828,000 square miles that had formerly been French Louisiana. The area was divided into two territories: the northern half was Louisiana Territory, the largely unsettled (though home to many Indians) frontier section that was later explored by Lewis and Clark; and the southern Orleans Territory, which was populated by Europeans.

Unlike the sprawling and largely unexplored northern territory (which eventually encompassed a dozen large states), Orleans Territory was a small, densely populated region that was like a little slice of France in the New World. With borders that roughly corresponded to the modern state of Louisiana, Orleans Territory was home to about 50,000 people, a primarily French population that had been living under the direction of a Spanish administration.

The Louisiana Purchase (French: Vente de la Louisiane “Sale of Louisiana”) was the acquisition by the United States of America of 828,800 square miles (2,147,000 km2) of France’s claim to the territory of Louisiana in 1803. The U.S. paid 60 million francs ($11,250,000) plus cancellation of debts worth 18 million francs ($3,750,000), for a total sum of 15 million dollars for the Louisiana territory ($219 million in today’s currency).

The Louisiana Purchase encompassed all or part of 14 current U.S. states and two Canadian provinces. The land purchased contained all of present-day Arkansas, Missouri, Iowa, Oklahoma, Kansas, Nebraska, parts of Minnesota that were west of the Mississippi River, most of North Dakota, nearly all of South Dakota, northeastern New Mexico, the portions of Montana, Wyoming, and Colorado east of the Continental Divide, and Louisiana west of the Mississippi River, including the city of New Orleans. (The Oklahoma Panhandle and southwestern portions of Kansas and Louisiana were still claimed by Spain at the time of the Purchase.) In addition, the Purchase contained small portions of land that would eventually become part of the Canadian provinces of Alberta and Saskatchewan. The purchase, which doubled the size of the United States, comprises around 23% of current U.S. territory. The population of European immigrants was estimated to be 92,345 as of the 1810 census.

The purchase was a vital moment in the presidency of Thomas Jefferson. At the time, it faced domestic opposition as being possibly unconstitutional. Although he felt that the U.S. Constitution did not contain any provisions for acquiring territory, Jefferson decided to purchase Louisiana because he felt uneasy about France and Spain having the power to block American trade access to the port of New Orleans.

Napoleon Bonaparte, upon completion of the agreement, stated, “This accession of territory affirms forever the power of the United States, and I have given England a maritime rival who sooner or later will humble her pride.”

“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

Sarita Gupta: A Grand Swindle: What We Don’t Need Now Is a Bad “Grand Bargain”

In the 2012 elections, the American people voted for strengthening our economy and putting people back to work. “We’re all in this together” defeated “You’re on your own.” Or so we thought.

It seems that since Nov. 6, many politicians forgot that the people they represent used their voice at the polls to stand up for working families and the programs they rely on. Democratic lawmakers should resist any “grand bargain” on the budget that protects the wealthy at the expense of the rest of us. [..]

We can’t let corporate America undo the results of the election. Working people won’t take that lying down. And Democrats should hold their ground.

The grand bargain is a grand swindle.

Katrina vanden Heuvel: What to ask a secretary of state nominee

The nomination of a secretary of state gives the Senate the opportunity to probe the administration’s foreign policy priorities – and many of President Obama’s policies demand inquiry. Republicans like Sen. John McCain (R-Ariz.), who have disgracefully sniped at U.N. Ambassador Susan Rice, have expressed few coherent reservations about our current course. Instead, it will be incumbent on Democrats on the Senate Foreign Relations Committee – particularly Barbara Boxer (Calif.), Bob Casey (Pa.) and Tom Udall (N.M.) – to lead a responsible review.

Here are only a few of the questions that senators could ask the nominee. [..]

This is far from the comprehensive set of questions that any nominee should face. This country faces monumental challenges that need to be addressed. It’s time for the Senate to get beyond partisan cheap shots and exercise its constitutional responsibility to probe the president’s nominee on whether and how the administration plans to move forward in an increasingly complex world.

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.

December 19 is the 353rd day of the year (354th in leap years) in the Gregorian calendar. There are 12 days remaining until the end of the year.

On this day in 1776, Thomas Paine publishes The American Crisis.

These are the times that try men’s souls; the summer soldier and the sunshine patriot will, in this crisis, shrink from the service of his country; but he that stands it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph.

When these phrases appeared in the pages of the Pennsylvania Journal for the first time, General George Washington’s troops were encamped at McKonkey’s Ferry on the Delaware River opposite Trenton, New Jersey. In August, they had suffered humiliating defeats and lost New York City to British troops. Between September and December, 11,000 American volunteers gave up the fight and returned to their families. General Washington could foresee the destiny of a rebellion without an army if the rest of his men returned home when their service contracts expired on December 31. He knew that without an upswing in morale and a significant victory, the American Revolution would come to a swift and humiliating end.

Thomas Paine was similarly astute. His Common Sense was the clarion call that began the revolution. As Washington’s troops retreated from New York through New Jersey, Paine again rose to the challenge of literary warfare. With American Crisis, he delivered the words that would salvage the revolution.

The American Crisis was a series of pamphlets published from 1776 to 1783 during the American Revolution by eighteenth century Enlightenment philosopher and author Thomas Paine. Thirteen numbered pamphlets were published between 1776-1777 with three additional pamphlets released between 1777-1783. The writings were contemporaneous with the early parts of the American Revolution, during the times that colonists needed inspiring.

They were written in a language the common man could manage and are indicative of Paine’s liberal philosophies. Paine signed them with one of his many pseudonyms “Common Sense”. The writings bolstered the morale of the American colonists, appealed to the English people’s consideration of the war with America, clarified the issues at stake in the war and denounced the advocates of a negotiated peace.

“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

Dean Baker: Michigan Republicans Deny Police Officers and Firefighters the Right to Work

That is what the headlines would say if anyone really believed that the anti-union laws passed last week in Michigan actually had anything to do with the rights of workers. When the legislature outlawed contracts requiring workers who benefit from union representation to pay for that representation, it explicitly exempted the police and firefighters’ unions. If this law was actually about the “right to work,” the Republican legislature and Governor Snyder were effectively denying the right to work to the state’s police officers and firefighters.

Of course this law has nothing to do with the right to work (RTW), as everyone involved knows; that is just the spin from the anti-labor coalition. This is why police unions and firefighters’ unions were exempted. The Republicans were trying to buy off these workers with special favors, not singling them out for punishment.

There is no issue of rights involved in this dispute. The question is whether workers, through their union, can sign a contract that imposes conditions on employment, just as the employer can impose conditions on employment.

New York Times Editorial: Reason to Hope After the Newtown Rampage

This is a country that has a history of facing tragedy and becoming better for it. It is a country that recoiled in horror at the Triangle shirtwaist factory and took steps to protect the lives of factory workers. It is a country able to rethink deeply seated beliefs – as it did with discrimination against blacks and women and is now doing with antigay discrimination. [..]

So we have found real reason to find hope in the determination to effect change that followed the murders of 20 children and seven adults in Newtown, Conn., last Friday. President Obama said it unequivocally on Sunday – the enormity of controlling the culture of guns and the epidemic of gun violence “can’t be an excuse for inaction.”

Yes, Mr. Obama has said that before, after two previous mass killings during his tenure, and did nothing. The hurdles are just as big as they were before, but there are signs that people are willing to rethink their views.

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.

December 18 is the 352nd day of the year (353rd in leap years) in the Gregorian calendar. There are 13 days remaining until the end of the year.

On this day in 1918, the House of Representatives passed the 18th Amendment to the Constitution, along with the Volstead Act, which defined “intoxicating liquors” excluding those used for religious purposes and sales throughout the U.S., established Prohibition in the United States. Its ratification was certified on January 16, 1919. It was repealed by the Twenty-first Amendment in 1933, the only instance of an amendment’s repeal. The Eighteenth Amendment was also unique in setting a time delay before it would take effect following ratification and in setting a time limit for its ratification by the states.

Section 1. After one year from the ratification of this article the manufacture, sale, or transportation of intoxicating liquors within, the importation thereof into, or the exportation thereof from the United States and all territory subject to the jurisdiction thereof for beverage purposes is hereby prohibited.

Section 2. The Congress and the several States shall have concurrent power to enforce this article by appropriate legislation.

Section 3. This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by the legislatures of the several States, as provided in the Constitution, within seven years from the date of the submission hereof to the States by the Congress.

The amendment and its enabling legislation did not ban the consumption of alcohol, but made it difficult to obtain it legally.

Following significant pressure on lawmakers from the temperance movement, the House of Representatives passed the amendment on December 18, 1917. It was certified as ratified on January 16, 1919, having been approved by 36 states. It went into effect one year after ratification, on January 17, 1920. Many state legislatures had already enacted statewide prohibition prior to the ratification of the Eighteenth Amendment.

When Congress submitted this amendment to the states for ratification, it was the first time a proposed amendment contained a provision setting a deadline for its ratification. The validity of that clause of the amendment was challenged and reached the Supreme Court, which upheld the constitutionality of such a deadline in Dillon v. Gloss (1921).

Because many Americans attempted to evade the restrictions of Prohibition, there was a considerable growth in violent and organized crime in the United States in response to public demand for illegal alcohol. The amendment was repealed by the Twenty-First Amendment on December 5, 1933. It remains the only constitutional amendment to be repealed in its entirety.

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

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

Follow us on Twitter @StarsHollowGzt

Paul Krugman: That Terrible Trillion

As you might imagine, I find myself in a lot of discussions about U.S. fiscal policy, and the budget deficit in particular. And there’s one thing I can count on in these discussions: At some point someone will announce, in dire tones, that we have a ONE TRILLION DOLLAR deficit.

No, I don’t think the people making this pronouncement realize that they sound just like Dr. Evil in the Austin Powers movies.

Anyway, we do indeed have a ONE TRILLION DOLLAR deficit, or at least we did; in fiscal 2012, which ended in September, the deficit was actually $1.089 trillion. (It will be lower this year.) The question is what lesson we should take from that figure.

Dana Milbank: At the mercy of backbenchers

To hear House Speaker John Boehner tell it, President Obama is a veritable Stephen Colbert.

“It’s clear that the president’s just not serious,” Boehner said at his weekly news conference in the House TV studio Thursday.

“The White House is so unserious,” he said a moment later.

“Here we are at the 11th hour, and the president still isn’t serious,” he repeated.

Boehner is right – seriously. The administration hasn’t been treating the “fiscal cliff” talks as a substantial negotiation, and for one very good reason: It’s not clear it has anybody to negotiate with.

At the White House and on Capitol Hill, a fear is growing that Boehner is not in a position to negotiate a successful deal, because if he strikes the kind of compromise needed to solve the fiscal standoff, he may well lose the support of his House GOP caucus – and possibly his job as speaker.