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 8 is the 342nd day of the year (343rd in leap years) in the Gregorian calendar. There are 23 days remaining until the end of the year.

John and I are in our Dakota kitchen in the middle of the night. Three cats – Sasha, Micha and Charo – are looking up at John, who is making tea for us two.

Sasha is all white, Micha is all black. They are both gorgeous, classy Persian cats. Charo, on the other hand, is a mutt. John used to have a special love for Charo. “You’ve got a funny face, Charo!” he would say, and pat her.

“Yoko, Yoko, you’re supposed to first put the tea bags in, and then the hot water.” John took the role of the tea maker, for being English. So I gave up doing it.

It was nice to be up in the middle of the night, when there was no sound in the house, and sip the tea John would make. One night, however, John said: “I was talking to Aunt Mimi this afternoon and she says you are supposed to put the hot water in first. Then the tea bag. I could swear she taught me to put the tea bag in first, but …”

“So all this time, we were doing it wrong?”

“Yeah …”

We both cracked up. That was in 1980. Neither of us knew that it was to be the last year of our life together.

“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

Katrina vanden Heuvel: It’s accountability time for banks and Wall Street

There’s a scene in the HBO adaptation of Andrew Ross Sorkin’s book “Too Big to Fail” where Treasury Secretary Henry Paulson’s adviser suggests he call Warren Buffett to ask for help with Lehman Brothers. “As what?” responds Paulson. “Warren’s friend? His former banker? The treasury secretary? No!” In the movie, Paulson understands the difference, that there are bright lines that he should not cross. In real life, it turns out, these were not the kind of distinctions Paulson was particularly concerned about making.

Missing from that movie – and other first drafts of recent financial history – was a bombshell recently uncovered by Bloomberg’s Richard Teitelbaum: Paulson gave his hedge fund friends inside information about government plans to seize Fannie Mae and Freddie Mac, seven weeks before it happened. Common stock and some preferred stock would be wiped out in the process, he told them, meaning a bet against the giants was a bet that could make them millions. Those without connections to Paulson didn’t get a tip-off; worse, they got the opposite. On the same day that Paulson met with the hedge funds, he told the New York Times that markets would soon have reason for renewed confidence in both enterprises.

Yves Smith: Obama Road Tests Hopey-Changey Big Lie 2.0: He’ll Reincarnate as Teddy Roosevelt if You Are Dumb Enough to be Fooled Twice

Wow, I have to hand it to Obama’s spinmeisters. They’ve managed to find a way to resurrect his old hopium branding by calling it something completely different that still has many of the old associations. [..]

Team Obama may have planned to wheel this new, improved image out later, with the timing accelerated by Judge Jed Rakoff’s decision against a proposed $285 million settlement between the SEC and Citigroup over a bum CDO in which Citi allegedly wielded considerable influence over its contents so it could bet against it. The SEC has gone on a full bore media offensive against Rakoff, with enforcement chief Robert Khuzami’s becoming uncharacteristically accessible to the media and also using scheduled speaking engagements to take issue with Rakoff’s ruling. And on top of Khuzami’s own efforts, the media has taken up some other dubious plants by the SEC. The biggest howler is a story in the Wall Street Journal earlier this week. Titled “Financial Crimes Bedevil Prosecutors,” not one of the sources for the story is a prosecutor!

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 7 is the 341st day of the year (342nd in leap years) in the Gregorian calendar. There are 24 days remaining until the end of the year.

On this day in 1787, (In) Dover, Delaware, the U.S. Constitution is unanimously ratified by all 30 delegates to the Delaware Constitutional Convention, making Delaware the first state of the modern United States.

Less than four months before, the Constitution was signed by 37 of the original 55 delegates to the Constitutional Convention meeting in Philadelphia. The Constitution was sent to the states for ratification, and, by the terms of the document, the Constitution would become binding once nine of the former 13 colonies had ratified the document. Delaware led the process, and on June 21, 1788, New Hampshire became the ninth state to ratify the Constitution, making federal democracy the law of the land. Government under the U.S. Constitution took effect on March 4, 1789.

Delaware  is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. The state takes its name from Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia’s first colonial governor, after whom (what is now called) Cape Henlopen was originally named.

Delaware is located in the northeastern portion of the Delmarva Peninsula and is the second smallest state in area (after Rhode Island). Estimates in 2007 rank the population of Delaware as 45th in the nation, but 6th in population density, with more than 60% of the population in New Castle County. Delaware is divided into three counties. From north to south, these three counties are New Castle, Kent, and Sussex. While the southern two counties have historically been predominantly agricultural, New Castle County has been more industrialized.

The state ranks second in civilian scientists and engineers as a percentage of the workforce and number of patents issued to companies or individuals per 1,000 workers. The history of the state’s economic and industrial development is closely tied to the impact of the Du Pont family, founders and scions of E. I. du Pont de Nemours and Company, one of the world’s largest chemical companies.

Before its coastline was first explored by Europeans in the 16th century, Delaware was inhabited by several groups of Native Americans, including the Lenape in the north and Nanticoke in the south. It was initially colonized by Dutch traders at Zwaanendael, located near the present town of Lewes, in 1631. Delaware was one of the thirteen colonies participating in the American Revolution and on December 7, 1787, became the first state to ratify the Constitution of the United States, thereby becoming known as The First State.

Delaware is the home state of Vice President Joseph Biden

“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”.

Dean Baker: The Stop Online Piracy Act: Class War in Cyberspace

The One Percent and their employees are masters of word play. They turned the estate tax into the “death tax,” life-saving health and environmental rules became “job-killing” regulations and, of course, when it comes to taxes, the richest of the rich are now “job creators” who are supposed to be exempt from paying taxes.

Given this track record, it is hardly surprising that a bill that would require every web site in the country to become unpaid copyright enforcement officers for Time Warner, Disney and The Washington Post comes packaged as the “Stop Online Piracy Act.” While the name may lead the public to believe that Congress is trying to keep our email pure and our computer screens safe, the real story is that the One Percent are again trying to rig the rules so that they get as many dollars as possible from the rest of us.

David Brooks: The Wonky Liberal

Republicans have many strong arguments to make against the Obama administration, but one major criticism doesn’t square with the evidence. This is the charge that President Obama is running a virulently antibusiness administration that spews out a steady flow of job- and economy-crushing regulations.

In the first place, President Obama has certainly not shut corporate-types out of the regulatory process. According to data collected by the Center for Progressive Reforms, 62 percent of the people who met with the White House office in charge of reviewing regulations were representatives of industry, while only 16 percent represented activist groups. At these meetings, business representatives outnumbered activists by more than 4 to 1.

Nor is it true that the administration is blindly doing the bidding of the liberal activist groups. On the contrary, the White House Office of Information and Regulatory Affairs and its administrator, Cass Sunstein, have been the subject of withering attacks from the left. The organization Think Progress says the office is “appalling.” Mother Jones magazine is on the warpath. The Huffington Post published a long article studded with negative comments from unions and environmental activists.

I know, David Brooks you ask, well, the only problem with Bobo’s article is his title. As the article illustrates so precisely, Obama may be “wonky” but he ain’t no liberal.

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 6 is the 340th day of the year (341st in leap years) in the Gregorian calendar. There are 25 days remaining until the end of the year.

On this day in 1884, the Washington Monument is completed.

In Washington, D.C., workers place a nine-inch aluminum pyramid atop a tower of white marble, completing the construction of an impressive monument to the city’s namesake and the nation’s first president, George Washington.  As early as 1783, the infant U.S. Congress decided that a statue of George Washington, the great Revolutionary War general, should be placed near the site of the new Congressional building, wherever it might be. After then-President Washington asked him to lay out a new federal capital on the Potomac River in 1791, architect Pierre L’Enfant left a place for the statue at the western end of the sweeping National Mall (near the monument’s present location).

The Washington Monument is an obelisk near the west end of the National Mall in Washington, D.C., built to commemorate the first U.S. president, General George Washington. The monument, made of marble, granite, and sandstone, is both the world’s tallest stone structure and the world’s tallest obelisk, standing 555 feet 5 1/8 inches (169.294 m). There are taller monumental columns, but they are neither all stone nor true obelisks. It is also the tallest structure in Washington D.C.. It was designed by Robert Mills, an architect of the 1840s. The actual construction of the monument began in 1848 but was not completed until 1884, almost 30 years after the architect’s death. This hiatus in construction happened because of co-option by the Know Nothing party, a lack of funds, and the intervention of the American Civil War. A difference in shading of the marble, visible approximately 150 feet (46 m or 27%) up, shows where construction was halted for a number of years. The cornerstone was laid on July 4, 1848; the capstone was set on December 6, 1884, and the completed monument was dedicated on February 21, 1885. It officially opened October 9, 1888. Upon completion, it became the world’s tallest structure, a title previously held by the Cologne Cathedral. The monument held this designation until 1889, when the Eiffel Tower was completed in Paris, France. The monument stands due east of the Reflecting Pool and the Lincoln Memorial.

“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”.

Paul Krugman: Send in the Clueless

There are two crucial things you need to understand about the current state of American politics. First, given the still dire economic situation, 2012 should be a year of Republican triumph. Second, the G.O.P. may nonetheless snatch defeat from the jaws of victory – because Herman Cain was not an accident.

Think about what it takes to be a viable Republican candidate today. You have to denounce Big Government and high taxes without alienating the older voters who were the key to G.O.P. victories last year – and who, even as they declare their hatred of government, will balk at any hint of cuts to Social Security and Medicare (death panels!).

And you also have to denounce President Obama, who enacted a Republican-designed health reform and killed Osama bin Laden, as a radical socialist who is undermining American security.

So what kind of politician can meet these basic G.O.P. requirements? There are only two ways to make the cut: to be totally cynical or to be totally clueless.

Ray McGovern: Are Americans in Line for Gitmo?

Though the 9/11 attacks occurred more than a decade ago, Congress continues to exploit them to pass evermore draconian laws on “terrorism,” with the Senate now empowering the military to arrest people on U.S. soil and hold them without trial, a serious threat to American liberties

Ambiguous but alarming new wording, which is tucked into the National Defense Authorization Act (NDAA) and was just passed by the Senate, is reminiscent of the “extraordinary measures” introduced by the Nazis after they took power in 1933.

And the relative lack of reaction so far calls to mind the oddly calm indifference with which most Germans watched the erosion of the rights that had been guaranteed by their own Constitution. As one German writer observed, “With sheepish submissiveness we watched it unfold, as if from a box at the theater.”

The writer was Sebastian Haffner (real name Raimond Pretzel), a young German lawyer worried at what he saw in 1933 in Berlin, but helpless to stop it since, as he put it, the German people “collectively and limply collapsed, yielded and capitulated.”

“The result of this millionfold nervous breakdown,” wrote Haffner at the time, “is the unified nation, ready for anything, that is today the nightmare of the rest of the world.” Not a happy analogy.

The Senate bill, in effect, revokes an 1878 law known as the Posse Comitatus Act, which banned the Army from domestic law enforcement after the military had been used and often abused in that role during Reconstruction. Ever since then, that law has been taken very seriously – until now. Military officers have had their careers brought to an abrupt halt by involving federal military assets in purely civilian criminal matters.

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 5 is the 339th day of the year (340th in leap years) in the Gregorian calendar. There are 26 days remaining until the end of the year.

On this day in 1933, The 21st Amendment to the U.S. Constitution is ratified, repealing the 18th Amendment and bringing an end to the era of national prohibition of alcohol in America. At 5:32 p.m. EST, Utah became the 36th state to ratify the amendment, achieving the requisite three-fourths majority of states’ approval. Pennsylvania and Ohio had ratified it earlier in the day.

The movement for the prohibition of alcohol began in the early 19th century, when Americans concerned about the adverse effects of drinking began forming temperance societies. By the late 19th century, these groups had become a powerful political force, campaigning on the state level and calling for national liquor abstinence. Several states outlawed the manufacture or sale of alcohol within their own borders. In December 1917, the 18th Amendment, prohibiting the “manufacture, sale, or transportation of intoxicating liquors for beverage purposes,” was passed by Congress and sent to the states for ratification. On January 29, 1919, the 18th Amendment achieved the necessary three-fourths majority of state ratification. Prohibition essentially began in June of that year, but the amendment did not officially take effect until January 29, 1920.

The proponents of Prohibition had believed that banning alcoholic beverages would reduce or even eliminate many social problems, particularly drunkenness, crime, mental illness, and poverty, and would eventually lead to reductions in taxes. However, during Prohibition, people continued to produce and drink alcohol, and bootlegging helped foster a massive industry completely under the control of organized crime. Prohibitionists argued that Prohibition would be more effective if enforcement were increased. However, increased efforts to enforce Prohibition simply resulted in the government spending more money, rather than less. Journalist H.L. Mencken asserted in 1925 that respect for law diminished rather than increased during Prohibition, and drunkenness, crime, insanity, and resentment towards the federal government had all increased.

During this period, support for Prohibition diminished among voters and politicians. John D. Rockefeller Jr., a lifelong nondrinker who had contributed much money to the Prohibitionist Anti-Saloon League, eventually announced his support for repeal because of the widespread problems he believed Prohibition had caused. Influential leaders, such as the du Pont brothers, led the Association Against the Prohibition Amendment, whose name clearly asserted its intentions.

Women as a bloc of voters and activists became pivotal in the effort to repeal, as many concluded that the effects of Prohibition were morally corrupting families, women, and children. (By then, women had become even more politically powerful due to ratification of the Constitutional amendment for women’s suffrage.) Activist Pauline Sabin argued that repeal would protect families from the corruption, violent crime, and underground drinking that resulted from Prohibition. In 1929 Sabin founded the Women’s Organization for National Prohibition Reform (WONPR), which came to be partly composed of and supported by former Prohibitionists; its membership was estimated at 1.5 million by 1931.

The number of repeal organizations and demand for repeal both increased. In 1932, the Democratic Party’s platform included a plank for the repeal of Prohibition, and Democrat Franklin Roosevelt ran for President of the United States promising repeal of federal laws of Prohibition.

America’s Next TARP Model

A Bloomberg report reveals that the U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest.

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 4 is the 338th day of the year (339th in leap years) in the Gregorian calendar. There are 27 days remaining until the end of the year

On this day in 1783, future President George Washington, then commanding general of the Continental Army, summons his military officers to Fraunces Tavern in New York City to inform them that he will be resigning his commission and returning to civilian life.

Washington had led the army through six long years of war against the British before the American forces finally prevailed at the Battle of Yorktown in 1781. There, Washington received the formal surrender of British General Lord Charles Cornwallis, effectively ending the Revolutionary War, although it took almost two more years to conclude a peace treaty and slightly longer for all British troops to leave New York.

Fraunces Tavern is a tavern, restaurant and museum housed in a conjectural reconstruction of a building that played a prominent role in pre-Revolution and Revolution history. The building, located at 54 Pearl Street at the corner of Broad Street, has been owned by Sons of the Revolution in the State of New York Inc. since 1904, which claims it is Manhattan’s oldest surviving building. The building is a tourist site and a part of the American Whiskey Trail and the New York Freedom Trail.

Revolution history

In August 1775, Americans took possession of cannons from the artillery battery at the southern point of Manhattan and fired on the HMS Asia. The British ship retaliated by firing a 32-gun broadside on the city, sending a cannonball through the roof of the building.

When the war was all but won, the building was the site of “British-American Board of Inquiry” meetings, which negotiated to ensure to American leaders that no “American property” (meaning former slaves who were emancipated by the British for their military service) be allowed to leave with British troops. Board members reviewed the evidence and testimonies that were given by freed slaves every Wednesday from April to November 1783, and British representatives were successful in ensuring that almost all of the loyalist blacks of New York maintained their liberty.

After British troops evacuated New York, the tavern hosted an elaborate “turtle feast” dinner on December 4, 1783 in the building’s Long Room for U.S. Gen. George Washington where he bade farewell to his officers of the Continental Army by saying “[w]ith a heart full of love and gratitude, I now take leave of you. I most devoutly wish that your latter days may be as prosperous and happy as your former ones have been glorious and honorable.”

The building housed some offices of the Confederation Congress as the nation struggled under the Articles of Confederation. With the establishment of the U.S. Constitution and the inauguration of Washington as president in 1789, the departments of Foreign Affairs, Treasury and War located offices at the building. The offices were vacated when the location of the U.S. capital moved on December 6, 1790 from New York to Philadelphia.

“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”.

The Sunday Talking Heads:

Up with Chris Hayes: Sunday’s guests are Rev. Samuel Rodriguez (@NHCLC), President of The National Hispanic Christian Leadership Conference; Dr. Donald Berwick, former administrator for the Centers for Medicare and Medicaid Services under President Obama; Jared Bernstein, former chief economist and economic advisor to Vice President Joe Biden;  Chrystia Freeland, editor of Thomson Reuters Digital; Mahlon Mitchell, President of the Professional Fire Fighters of Wisconsin; John McWhorter, Columbia University Professor of Linguistic and American Studies, and Contributing Editor at New Republic and TheRoot.com; and Katrina Vanden Heuvel, editor & publisher at The Nation magazine.

This Week with Christiane Amanpour: Sunday’s guests are former Pennsylvania senator and Republican presidential candidate Rick Santorum; , Rep. Barney Frank (D-MA) and Academy Award winning actress Angelina Jolie. The rountable pundits are George Will, Democratic strategist Donna Brazile, AOL Huffington Post’s Arianna Huffington, and Major Garrett of National Journal.  

Face the Nation with Bob Schieffer: Guests are RNC Chair Reince Priebus and Obama Campaign Advisor Robert Gibbs. Roundtable analysis from CBS News Chief White House Correspondent Norah O’Donnell, CBS News Political Director John Dickerson, CBS News Congressional Correspondent Nancy Cordes, and Politico’s Chief White House Correspondent Mike Allen.

The Chris Matthews Show: This week’s guests are Joe Klein, TIME Columnist, Helene Cooper, The New York Times White House Correspondent, Gillian Tett, Financial Times U.S. Managing Editor and John Heilemann, New York Magazine National Political Correspondent

Meet the Press with David Gregory: Guests are Obama re-elect chief strategist David Axelrod and RNC Chairman Reince Priebus.

But in separate studios to minimize the level of bull s**t that will be shoveled

The roundtable guests are Publisher of the New Hampshire Union Leader Joe McQuaid, the BBC’s Katty Kay, Fmr. Rep. Harold Ford, Jr. (D-TN) and TIME’s Mark Halperin.

State of the Union with Candy Crowley: Guests are Rep. Ron Paul (R-TX), Rep. Michele Bachmann (R-MI) and Sen. John McCain (R-AZ). Guests on an economic panel are Alice Rivlin, Douglas Holtz-Eakin, and Ron Brownstein.