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.

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July 22 is the 203rd day of the year (204th in leap years) in the Gregorian calendar. There are 162 days remaining until the end of the year.

On this day in 1933, Wiley Post becomes the first person to fly solo around the world traveling 15,596 miles in 7 days, 18 hours and 45 minutes.

Like many pilots at the time, Post disliked the fact that the speed record for flying around the world was not held by a fixed-wing aircraft, but by the Graf Zeppelin, piloted by Hugo Eckener in 1929 with a time of 21 days. On June 23, 1931, Post and his navigator, Harold Gatty, left Roosevelt Field on Long Island, New York in the Winnie Mae with a flight plan that would take them around the world, stopping at Harbour Grace, Flintshire, Hanover twice, Berlin, Moscow, Novosibirsk, Irkutsk, Blagoveshchensk, Khabarovsk, Nome where his airscrew had to be repaired, Fairbanks where the airscrew was replaced, Edmonton, and Cleveland before returning to Roosevelt Field. They arrived back on July 1, after traveling 15,474 miles in the record time of 8 days and 15 hours and 51 minutes. The reception they received rivaled Lindbergh’s everywhere they went. They had lunch at the White House on July 6, rode in a ticker-tape parade the next day in New York City, and were honored at a banquet given by the Aeronautical Chamber of Commerce of America at the Hotel Astor. After the flight, Post acquired the Winnie Mae from F.C. Hall, and he and Gatty published an account of their journey titled, Around the World in Eight Days, with an introduction by Will Rogers.

His Lockheed Vega aircraft, the Winnie Mae is on display at the National Air and Space Museum’s Steven F. Udvar-Hazy Center, and his pressure suit is being prepared for display at the same location. On August 15, 1935, Post and American  humorist Will Rogers were killed when Post’s aircraft crashed on takeoff from a lagoon near Point Barrow, in Alaska.

“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”.

Robert Reich; The Shameful Murder of Dodd Frank

Happy Birthday Dodd Frank,

Happy Birthday to you,

You’ve lost all your muscle,

And your teeth are gone, too.

One full year after the financial reform bill spearheaded through Congress by Christopher Dodd and Barney Frank was signed into law, Wall Street looks and acts much the way it did before. That’s because the Street has effectively neutered the law, which is the best argument I know for applying the nation’s antitrust laws to the biggest banks and limiting their size.

Treasury Secretary Tim Geithner says the financial system is “on more solid ground” than prior to the 2008 crisis, but I don’t know what ground he’s looking at.

Much of Dodd-Frank is still on the drawing boards, courtesy of the Street. The law as written included loopholes big enough to drive bankers’ Lamborghini’s through – which they’re now doing.

Glen Ford: Impeachment: If Not Obama, Who?

One thing about of the Bush administration that makes me something very close to nostalgic, is the number of people who, back then, wanted to impeach the president. It was exhilarating to hear Americans full of righteous emotion, willing to use up their last Aladdin’s lamp wish for the pleasure and privilege of seeing George Bush indicted by the House and put on trial before the Senate. For the vast majority of Black folks, the impeachment of George Bush would have been the best thing that’s happened since 1965, a genuine “Free at Last” moment. Hell, nothing could beat that but the election of a Black President to succeed Bush…

Which is what happened, and that’s the problem. We did get a Black successor to George Bush – and what did the new guy do, but move most of Bush’s luggage right back into the White House. Barack Obama then proceeded to out-Bush Bush, especially when it came to wielding imperial power and doing away with what’s left of due process and the rule of law.

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 images to enlarge

July 21 is the 202nd day of the year (203rd in leap years) in the Gregorian calendar. There are 163 days remaining until the end of the year.

On this day in 1861, the first battle of Bull Run.. In the first major land battle of the Civil War, a large Union force under General Irvin McDowell is routed by a Confederate army under General Pierre G.T. Beauregard. . . .

On the morning of July 21, hearing of the proximity of the two opposing forces, hundreds of civilians–men, women, and children–turned out to watch the first major battle of the Civil War. The fighting commenced with three Union divisions crossing the Bull Run stream, and the Confederate flank was driven back to Henry House Hill. However, at this strategic location, Beauregard had fashioned a strong defensive line anchored by a brigade of Virginia infantry under General Thomas J. Jackson. Firing from a concealed slope, Jackson’s men repulsed a series of Federal charges, winning Jackson his famous nickname “Stonewall.”

Meanwhile, Confederate cavalry under J.E.B. Stuart captured the Union artillery, and Beauregard ordered a counterattack on the exposed Union right flank. The rebels came charging down the hill, yelling furiously, and McDowell’s line was broken, forcing his troops in a hasty retreat across Bull Run. The retreat soon became an unorganized flight, and supplies littered the road back to Washington. Union forces endured a loss of 3,000 men killed, wounded, or missing in action while the Confederates suffered 2,000 casualties. The scale of this bloodshed horrified not only the frightened spectators at Bull Run but also the U.S. government in Washington, which was faced with an uncertain military strategy in quelling the “Southern insurrection.”

Bull Run was the largest and bloodiest battle in American history up to that point. Union casualties were 460 killed, 1,124 wounded, and 1,312 missing or captured; Confederate casualties were 387 killed, 1,582 wounded, and 13 missing. Among the latter was Col. Francis S. Bartow, who was the first Confederate brigade commander to be killed in the Civil War. General Bee was mortally wounded and died the following day.

Union forces and civilians alike feared that Confederate forces would advance on Washington, D.C., with very little standing in their way. On July 24, Prof. Thaddeus S. C. Lowe ascended in the balloon Enterprise to observe the Confederates moving in and about Manassas Junction and Fairfax. He saw no evidence of massing Rebel forces, but was forced to land in Confederate territory. It was overnight before he was rescued and could report to headquarters. He reported that his observations “restored confidence” to the Union commanders.

The Northern public was shocked at the unexpected defeat of their army when an easy victory had been widely anticipated. Both sides quickly came to realize the war would be longer and more brutal than they had imagined. On July 22 President Lincoln signed a bill that provided for the enlistment of another 500,000 men for up to three years of service.

The reaction in the Confederacy was more muted. There was little public celebration as the Southerners realized that despite their victory, the greater battles that would inevitably come would mean greater losses for their side as well.

Beauregard was considered the hero of the battle and was promoted that day by President Davis to full general in the Confederate Army. Stonewall Jackson, arguably the most important tactical contributor to the victory, received no special recognition, but would later achieve glory for his 1862 Valley Campaign. Irvin McDowell bore the brunt of the blame for the Union defeat and was soon replaced by Maj. Gen. George B. McClellan, who was named general-in-chief of all the Union armies. McDowell was also present to bear significant blame for the defeat of Maj. Gen. John Pope’s Army of Virginia by Gen. Robert E. Lee’s Army of Northern Virginia thirteen months later, at the Second Battle of Bull Run. Patterson was also removed from command.

“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. Scroll down for the Gentlemen

Katrina vanden Heuvel: Citizen Murdoch-No Longer Untouchable

“We are sorry” read the full-page ads Rupert Murdoch’s News Corp. has taken out in Britain, part of a new atonement campaign clearly orchestrated by the public relations firm brought on to help “manage” the company’s phone-hacking crisis.

Well, they got that right. “Sorry” is as good an adjective as any to describe the Murdoch media empire. It’s a buccaneer enterprise that is scornful of laws and decency and that peddles, as Murdoch’s biographer William Shawcross summarized, “titillation, sensationalism and vulgarity” to gain broad audiences, then uses gossip, tripe, manufactured stories and a distorted lens to further a right-wing ideological agenda. “Sorry’ is also a good description of regulators and politicians on both sides of the aisle and the ocean, who were seduced by Murdoch’s money, feared his power and served as lapdogs rather than watchdogs as he consolidated and expanded his holdings.

Mary Bottari: ALEC Exposed: Milton Friedman’s Little Shop of Horrors

Although he passed away in 2006, states are now grappling with many of the toxic notions left behind by University of Chicago economist Milton Friedman.

In her groundbreaking book, The Shock Doctrine, Naomi Klein coined the term “disaster capitalism” for the rapid-fire corporate re-engineering of societies still reeling from shock. The master of disaster? Privatization and free market guru Milton Friedman. Friedman advised governments in economic crisis to follow strict austerity measures, combining radical cuts in social services with the full-scale privatization of their more lucrative assets. Many countries in Latin America auctioned off everything standing — from energy and water utilities to Social Security — to for profit multinational firms, crushing unions and other dissenters along the way.

Now, U.S. states are in crisis. The 2008 Wall Street financial meltdown, caused by years of deregulation and lack of government oversight, cost Americans $14 trillion in lost wealth and eight million lost jobs. Today some 25 million are unemployed or underemployed. This jobs crisis has tanked federal and state tax receipts, adding billions to state budget shortfalls.

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.

July 20 is the 201st day of the year (202nd in leap years) in the Gregorian calendar. There are 164 days remaining until the end of the year.

On this day in 1881, Sitting Bull surrenders.

Five years after General George A. Custer’s infamous defeat at the Battle of Little Bighorn, Hunkpapa Teton Sioux leader Sitting Bull surrenders to the U.S. Army, which promises amnesty for him and his followers. Sitting Bull had been a major leader in the 1876 Sioux uprising that resulted in the death of Custer and 264 of his men at Little Bighorn. Pursued by the U.S. Army after the Indian victory, he escaped to Canada with his followers.

Surrender

Hunger and cold eventually forced Sitting Bull, his family, and nearly 200 other Sioux in his band to return to the United States and surrender on July 19, 1881. Sitting Bull had his young son Crow Foot surrender his rifle to the commanding officer of Fort Buford. He told the soldiers that he wished to regard them and the white race as friends. Two weeks later, Sitting Bull and his band were transferred to Fort Yates, the military post located adjacent to the Standing Rock Agency.

Arriving with 185 people, Sitting Bull and his band were kept separate from the other Hunkpapa gathered at the agency. Army officials were concerned that the famed chief would stir up trouble among the recently surrendered northern bands. On August 26, 1881, he was visited by census taker William T. Selwyn who counted twelve people in the Hunkpapa leader’s immediate family. Forty-one families, totaling 195 people, were recorded in Sitting Bull’s band. The military decided to transfer him and his band to Fort Randall, to be held as prisoners of war. Loaded onto a steamboat, Sitting Bull’s band, now totaling 172 people, were sent down the Missouri River to Fort Randall. There they spent the next 20 months. They were allowed to return to the Standing Rock Agency in May 1883.

“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”.

Robert Reich: The Dangerous Hi-Jinks of the GOP’s Juveniles

I’ve spent enough of my life in Washington to take its theatrics with as much seriousness as a Seinfeld episode. A large portion of what passes for policy debate isn’t at all – it’s play-acting for various constituencies. The actors know they’re acting, as do their protagonists on the other side who are busily putting on their own plays for their own audiences.

Typically, though, back stage is different. When the costumes and grease paint come off, compromises are made, deals put together, legislation hammered out. Then at show time the players announce the results – spinning them to make it seem they’ve kept to their parts.

At least that’s the standard playbook.

But this time there’s no back stage. The kids in the GOP have trashed it. The GOP’s experienced actors – House Speaker John Boehner and Senate Minority Leader Mitch McDonnell – have been upstaged by juveniles like Eric Cantor and Michele Bachmann, who don’t know the difference between playacting and governing. They’re in league with tea party fanatics who hate government so much they’re willing to destroy the full faith and credit of the United States. Washington has gone from theater to reality TV – a game of hi-jinks chicken that could end in a crash.

Paul Krugman: Inflation Hawks Demand That Britain Leap Into Folly

The economist Adam Posen of the Bank of England gave a talk recently about British monetary policy that drives home a point I’ve been meaning to make: namely, that what’s happening in Britain on the monetary front right now is very much a teachable moment about monetary policy more generally.

The Bank of England faces the same kind of conflict between what it should be doing and what it’s under pressure to do that the Federal Reserve does, but in starker form. And if the Bank of England holds its ground, we should soon have a clear demonstration that one side is right and the other is wrong.

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.

July 19 is the 200th day of the year (201st in leap years) in the Gregorian calendar. There are 165 days remaining until the end of the year.

On this day in 1848, a two-day Women’s Rights Convention opens in Seneca Falls, New York. There the “Bloomers” are introduced.

The Seneca Falls Convention was an early and influential women’s rights convention held in Seneca Falls, New York, July 19-20, 1848. It was organized by local New York women upon the occasion of a visit by Boston-based Lucretia Mott, a Quaker famous for her speaking ability, a skill rarely cultivated by American women at the time. The local women, primarily members of a radical Quaker group, organized the meeting along with Elizabeth Cady Stanton, a skeptical non-Quaker who followed logic more than religion.

The meeting spanned two days and six sessions, and included a lecture on law, a humorous presentation, and multiple discussions about the role of women in society. Stanton and the Quaker women presented two prepared documents, the Declaration of Sentiments and an accompanying list of resolutions, to be debated and modified before being put forward for signatures. A heated debate sprang up regarding women’s right to vote, with many including Mott urging the removal of this concept, but Frederick Douglass argued eloquently for its inclusion, and the suffrage resolution was retained. Exactly 100 of approximately 300 attendees signed the document, mostly women.

The convention was seen by some of its contemporaries, including featured speaker Mott, as but a single step in the continuing effort by women to gain for themselves a greater proportion of social, civil and moral rights, but it was viewed by others as a revolutionary beginning to the struggle by women for complete equality with men. Afterward, Stanton presented the resulting Declaration of Sentiments as a foundational document in the American woman’s suffrage movement, and she promoted the event as the first time that women and men gathered together to demand the right for women to vote. Stanton’s authoring of the History of Woman Suffrage helped to establish the Seneca Falls Convention as the moment when the push for women’s suffrage first gained national prominence. By 1851, at the second National Women’s Rights Convention in Worcester, Massachusetts, the issue of women’s right to vote had become a central tenet of the women’s rights movement.

“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: Letting Bankers Walk

Ever since the current economic crisis began, it has seemed that five words sum up the central principle of United States financial policy: go easy on the bankers.

This principle was on display during the final months of the Bush administration, when a huge lifeline for the banks was made available with few strings attached. It was equally on display in the early months of the Obama administration, when President Obama reneged on his campaign pledge to “change our bankruptcy laws to make it easier for families to stay in their homes.” And the principle is still operating right now, as federal officials press state attorneys general to accept a very modest settlement from banks that engaged in abusive mortgage practices.

E. J. Dionne, Jr.: Why Did Congress Waste Six Months?

The House Republican strategy to link a normally routine increase in the nation’s debt limit with a crusade to slash spending has already had a high cost, threatening the nation’s credit rating and making the United States look dysfunctional and incompetent to the rest of the world.

But that’s not the most awful thing about it.

What’s even worse is this entirely artificial, politician-created crisis has kept government from doing what taxpayers expect it to do, which is to solve problems that citizens care about.

The most obvious problem is unemployment. The best way short-term to drive the deficit down is to spur growth and get Americans back to work. Has anyone noticed that Americans with jobs can provide for their families, put money into the economy-and, oh yes, pay taxes that increase revenues and thus cut the deficit?

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 images to enlarge

July 18 is the 199th day of the year (200th in leap years) in the Gregorian calendar. There are 166 days remaining until the end of the year.

On this day in 1940, Franklin Delano Roosevelt, who first took office in 1933 as America’s 32nd president, is nominated for an unprecedented third term. Roosevelt, a Democrat, would eventually be elected to a record four terms in office, the only U.S. president to serve more than two terms.

Roosevelt was born January 30, 1882, in Hyde Park, New York, and went on to serve as a New York state senator from 1911 to 1913, assistant secretary of the Navy from 1913 to 1920 and governor of New York from 1929 to 1932. In 1932, he defeated incumbent Herbert Hoover to be elected president for the first time. During his first term, Roosevelt enacted his New Deal social programs, which were aimed at lifting America out of the Great Depression. In 1936, he won his second term in office by defeating Kansas governor Alf Landon in a landslide.

Election of 1940

The two-term tradition had been an unwritten rule (until the 22nd Amendment after his presidency) since George Washington declined to run for a third term in 1796, and both Ulysses S. Grant and Theodore Roosevelt were attacked for trying to obtain a third non-consecutive term. FDR systematically undercut prominent Democrats who were angling for the nomination, including two cabinet members, Secretary of State Cordell Hull and James Farley, Roosevelt’s campaign manager in 1932 and 1936, Postmaster General and Democratic Party chairman. Roosevelt moved the convention to Chicago where he had strong support from the city machine (which controlled the auditorium sound system). At the convention the opposition was poorly organized but Farley had packed the galleries. Roosevelt sent a message saying that he would not run, unless he was drafted, and that the delegates were free to vote for anyone. The delegates were stunned; then the loudspeaker screamed “We want Roosevelt… The world wants Roosevelt!” The delegates went wild and he was nominated by 946 to 147 on the first ballot. The tactic employed by Roosevelt was not entirely successful, as his goal had been to be drafted by acclamation. The new vice presidential nominee was Henry A. Wallace, a liberal intellectual who was Secretary of Agriculture.

In his campaign against Republican Wendell Willkie, Roosevelt stressed both his proven leadership experience and his intention to do everything possible to keep the United States out of war. In one of his speeches he declared to potential recruits that “you boys are not going to be sent into any foreign war.” He won the 1940 election with 55% of the popular vote and 38 of the 48 states. A shift to the left within the Administration was shown by the naming of Henry A. Wallace as Vice President in place of the conservative Texan John Nance Garner, who had become a bitter enemy of Roosevelt after 1937.

To promote fracking, Talisman Energy releases Talisman Terry the Frackosaurus, the funnest energy extraction-based character since Mountaintop Mining Manny.