From Naked Capitalism and the Financial Times (behind a paywall now?).
MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
From Naked Capitalism and the Financial Times (behind a paywall now?).
By Asso Ahmed in Kirkuk and Ned Parker, Los Angeles Times, May 19, 2011
BAGHDAD—A double bombing killed at least 27 people, almost all of them police, and wounded an additional 70 in a parking lot outside the main police offices the oil-rich northern city of Kirkuk on Thursday, according to security officials.
It was the second major attack against police forces this month, after 16 people were killed in a blast outside a headquarters in the southern city of Hilla, the first week of May. The bombings along with recent jail break attempts in Basra and Baghdad have put Iraq's forces under new scrutiny as the last of the U.S. troops prepare to leave the country at the end of the year. "This has the fingerprint of Al Qaeda," said Brigadier Jamal Tahi, Kirkuk's head policeman....
By Rajiv Chandrasekaran, Washington Post, May 18/19, 2011
The Afghan government has moved so slowly to recruit Taliban defectors that U.S. and Afghan officials say they are losing an opportunity to capitalize on hard-won military gains and the death of Osama bin Laden.
Interest among war-weary Taliban foot soldiers and low-ranking commanders in switching sides is at an all-time high, the officials said, but the Afghan government’s inability to provide safe houses, job-training classes and other services aimed at reintegrating former combatants has prevented local authorities from offering amnesty to many fighters.....
Bloomberg News, May 19, 2011
Fewer Americans than forecast filed applications for unemployment benefits last week, making it more likely that the surge in April was caused by temporary events rather than a deterioration in the labor market.....
Also see:
Fewer Applied for Unemployment Benefits
Associated Press, May 19, 2011
(WASHINGTON) — The number of people applying for unemployment benefits fell sharply for the second straight week, suggesting the job market is slowly recovering....
By Joan Walsh, Salon.com, May 19, 2011
Melissa Harris-Perry and Adam Serwer wrote majestic takedowns of Cornel West's vicious and deeply personal rant against President Obama published this week, so I didn't think I had to. But there's one thing missing in the torrent of reaction to West I've seen this week: A recognition that maybe this is the way identity politics had to end, not with a bang but a whine. Dizzying racial and personal insults have come from all directions, and they're beginning to lose their meaning.
Much has been made of the personal pique that animated West's attack on the president:....
The most tragic thing, to me, about West's meltdown was the way he tried to frame it as a universalist defense of poor and working class people – who in fact haven't gotten enough help or attention from this too-close-to-Wall Street administration – but then somehow descends into personal attacks on the president....
By Christopher Hitchens, Slate, May 18, 2011
Why is it that we cannot read any discussion of a political sex scandal, or a sex scandal involving a politician, without pseudo-sophisticated comments about the supposedly different morals of Americans and Europeans? And why is it that this goes double if the politician is French, or if the reactions being quoted are from Gallic sources? And when did this annoying journalistic habit become so prevalent? It must have sprung up quite recently, or at least since the time when Charles de Gaulle and John F. Kennedy were presidents of their respective countries. The first man was a strict and fastidious Puritan who never gave his wife Yvonne a moment's cause for complaint, while the second was a sensational debauchee who went as far as importing a Mafia gun-moll into the White House sleeping quarters. Yet the American culture, which regards Kennedy as a virtual Galahad, is the supposedly shockable one, while in France—ah, la France—a much more broad-minded and adult attitude prevails.
Surely France and its partisans are not saying that the attempted rape of a chambermaid would not rearrange so much as an eyebrow in the supposedly refined salons of Paris?....
Guest op-ed by Hans Lucht, New York Times, May 18/19, 2011
....The corrupt participation of the Libyan authorities in human smuggling to southern Europe is an open secret. Ebo told me his journey had been arranged by a group of young Libyan policemen. The Qaddafi regime itself has used migration, or the threat of it, for political leverage. Tellingly, when the protests broke out, Colonel Qaddafi warned Europe not of an oil embargo or new terrorist attacks but that “millions of blacks” could be on the way if he were overthrown.....
(Hans Lucht, an anthropologist at the University of Copenhagen, is the author of the forthcoming “Darkness Before Daybreak: African Migrants Living on the Fringes in Southern Italy Today.”)
"Spain's people's movement has finally awoken, la Puerta del Sol in Madrid is now the country's Tahrir Square, and the "Arab Spring' has been joined by what is now bracing to become a long "European Summer'. As people across the Arab world continue their popular struggle for justice, peace and democracy, Spain's disillusioned citizens have finally caught on with full force. Slow at first, hopeful that Spain's dire economic conditions would magically correct themselves, the Spanish street has finally understood that democratic and economic justice and peace will not come from the pulpits of the country's corrupt political elite.
Amidst local and regional election campaigns, with the banners of the different political parties plastered across the country's streets, people are saying "enough!' Disillusioned youth, unemployed, pensioners, students, immigrants and other disenfranchised groups have emulated their brothers in the Arab world and are now demanding a voice -- demanding an opportunity to live with dignity. "
Meanwhile, once inflation is taken into account, most people's incomes are set to fall, after 15 years of virtual stagnation. Between 1996-7 and 2007-8, the earnings of someone in the middle of the income distribution rose (1997 prices) from £16,000 to £17,100 – barely £100, or less than 0.7% a year. Even the increase for those quite near the top of the income scale, better off than 90% of their fellow citizens, was unspectacular. Their inflation-discounted pay crept up from £36,700 to £41,500, or less than £450 (1.2%) a year. The top 0.1% scooped the jackpot. They got a £19,000 pay rise every year, taking their incomes to £538,600, a gain of 67% over 11 years. The commission gives no figures for the top 0.01%, but we can be confident they did even better and dramatically so.
That is the most important point about what has happened to incomes in Britain and America during the neoliberal era: the very rich are soaring ahead, leaving behind not only manual workers – now a diminishing minority – but also the middle-class masses, including doctors, teachers, academics, solicitors, architects, Whitehall civil servants and, indeed, many CEOs who don't run FTSE 100 companies, to say nothing of the marketing, purchasing, personnel, sales and production executives below them. That is why, over the past decade, some of the most anguished cries about high incomes and inequality have appeared in the Telegraph and Mail.
News that the GOP is creating a new "super PAC" which critics claim breaks even the already-loosened campaign finance laws.
Kia Grasty makes $140,000 cleaning up after Penn’s messiest students—and after her tales (and photos) of clogged toilets and filthy bathtubs, few would begrudge her it.
It’s 10:30 p.m. on a Saturday in Philadelphia, and 51-year-old Kia Katrina Grasty, donning only her pajamas, is heading to a frat party.
Pulling up in her white GMC envoy truck to one of the University of Pennsylvania’s unofficial fraternity houses on Pine Street, Grasty marches confidently into the bash, shuts down the deejay and makes an urgent announcement: everyone needs to look for a package belonging to Penn junior Jack Cortese, one of the students living in the house.
Jack’s mother—actress Kim Delaney of NYPD Blue—was frantic that Jack hadn’t yet received the high-end suit and shoes she had overnighted for his upcoming internship interview. When Delaney couldn’t reach her son on the phone that night, she called Grasty. Unable to refuse the mother of a “privileged” client, Grasty darted out of bed immediately and took control of the situation.
“We need to look for a package!” she declares to the glassy-eyed college kids, who somewhat obediently stop carousing to search among strewn beer cups, cigarette stubs and other detritus. Moments later, Grasty emerges victorious from behind a bench on the front porch. “Got it!” she yells, and like clockwork the show goes on. Grasty can go home for the night, but she’ll be back soon enough to mop up the mess. That’s her job, after all.
New and unbelievably good documentary on the Freedom Riders' of 1961. If you think you know anything about what happened that year in Alabama and Mississippi you need to see this film, because you probably don't know it all. The 120 minute production has loads of video from the period and interviews with the (formerly-interviews are recent) brave young participants. It also notes this was one non-violent action that MLK was apparently either too chicken or too smart not to take part in because the black and white students, many from Fisk University in Tenn., were beaten, arrested, burned out of a bus, left on the road, and put out to labor like slaves as state prisoners in Mississippi fields..... the riders were largely ignored at first by JFK and RFK who wished they would go away, the scenes and events were touted by Moscow as counter-American propaganda, and JFK's federal representative was even knocked unconscious at one point in a riot of racist whites attacking the riders in Alabama while police did nothing.The only apparent violation of the freedom riders was leaving the buses to congregate in the 'all white' section of bus deports.
The DVD is well worth it to educate your kids or grandkids about racism and America. The south may have changed but how much? It is noted that the southern racist politicians in the period news clips call the students 'agitators' and the baseball bat/crowbar wielding, incendiary throwing gangs of local white trash are not the 'agitators', but solid citizens, and I suppose by today's definition, Real Americans. They could just not resist congregating in mobs and beating up riders, who the white leaders said bore all the fault for the trouble for not going home, but were instead riding through Montgomery and Birmingham Alabama.
He says that bondholders would prefer a temporary (a few days) default if it meant they were more likely to be repaid later on. The problem with this is that all bondholders are 100% likely to be paid later on no matter what happens because the U.S. controls its own money supply.
The only reason they would ever not be paid is if somebody like Paul Ryan insists on not paying them despite having the perfect ability to do so.
What could Dick Bove be thinking?
In a break with Wall Street tradition, the Rochedale Securities research analyst issued a very rare sell rating last week -- on Goldman Sachs, no less.
Analysts live or die by their access to corporate managements, and corporate managements, like the army in Catch-22, want to be liked. And they like to have their analysts embedded. Like journalists covering a war by traveling with the U.S. army, the analyst at the CEO's table gets a ringside seat on the corporate story. And also like the reporter, the analyst only gets to see what his hosts want to show him.
Wall Street analysts rarely go off on their own, because they live and die by corporate access -- their cherished ability to get the CEO to take their phone calls. Thus, when a high-profile analyst slaps a sell recommendation on a major firm, we have to assume it's because the relationship has outlived its usefulness to the analyst. Let's face it: nobody is so powerful that they can put a sell on Goldman Sachs (GS) with impunity.
We won't ask what tipped Bove that the game is up at Goldman. In the conflicted world of Wall Street, one does not have to have a positive outlook on a stock to maintain a buy recommendation. But there is a creeping sense on Wall Street that the game may be up in a more fundamental way. Wall Street often attracts the Best and the Brightest, but it also turns them into fatuous morons who believe no one else will be smart enough to catch them.
Meanwhile, in the war zone they built a quarter-million-dollar stage set for nonstop war briefings. At home, they gave a boost to a form of militarized “journalism” already up and running during Gulf War I in which retired high military officers, like so many play-by-play analysts on Monday Night Football, became regular TV news consultants. This time around, they fielded a squadron of retired top brass, carefully coached by the Pentagon and sent out as “experts” to narrate America’s wars on almost every TV network imaginable.
By Jane Mayer, The New Yorker, May 23, 2011
Thomas Drake is accused of releasing top-secret defense documents to a reporter. Is he a menace or a hero?
Besides going over Drake's history in detail, Mayer's article gets heavily into the Obama adminstration having tough stances on leaks of state secrets, with plenty of negative opinions offered about that.
However, I found this one example she gives of a possible reason to be quite interesting:
On March 28th, Obama held a meeting in the White House with five advocates for greater transparency in government. During the discussion, the President drew a sharp distinction between whistle-blowers who exclusively reveal wrongdoing and those who jeopardize national security. The importance of maintaining secrecy about the impending raid on Osama bin Laden’s compound was likely on Obama’s mind. The White House has been particularly bedevilled by the ongoing release of classified documents by WikiLeaks, the group led by Julian Assange. Last year, WikiLeaks began releasing a vast trove of sensitive government documents allegedly leaked by a U.S. soldier, Bradley Manning; the documents included references to a courier for bin Laden who had moved his family to Abbottabad—the town where bin Laden was hiding out. Manning has been charged with “aiding the enemy.”
There is also a great deal of interesting information in the piece from interviews with Bill Binney, a former N.S.A. "crypto mathematician," about his development of "Thin Thread" for monitoring worldwide communications, and his worries about its misuse:
Binney, who is six feet three, is a bespectacled sixty-seven-year-old man....Now retired and suffering gravely from diabetes, which has already claimed his left leg, he agreed recently to speak publicly for the first time about the Drake case. When we met, at a restaurant near N.S.A. headquarters, he leaned crutches against an extra chair. “This is too serious not to talk about,” he said.
Binney expressed terrible remorse over the way some of his algorithms were used after 9/11.
ThinThread, the “little program” that he invented to track enemies outside the U.S., “got twisted,” and was used for both foreign and domestic spying: “I should apologize to the American people. It’s violated everyone’s rights. It can be used to eavesdrop on the whole world.”
The Long Overdue Palestinian State,
By Mahmoud Abbas, New York Times Op-Ed, May 16/17, 2011
....Many are questioning what value there is to such recognition while the Israeli occupation continues. Others have accused us of imperiling the peace process. We believe, however, that there is tremendous value for all Palestinians — those living in the homeland, in exile and under occupation....
(Mahmoud Abbas is the chairman of the Palestine Liberation Organization and the president of the Palestinian National Authority.)
By Salman Masood, New York Times, May 17, 2011
ISLAMABAD, Pakistan — Pakistani ground troops opened fire on two NATO helicopters that crossed into Pakistan’s airspace from Afghanistan early Tuesday morning, the Pakistani Army said in a statement. A firefight then briefly erupted between NATO forces and the troops, the statement said, and two Pakistani soldiers were wounded.
The clash took place at Admi Kot Post in the North Waziristan tribal region of Pakistan, an area that American officials have long regarded as a haven used by militants to attack coalition forces inside Afghanistan....
HUD just issued a report that might have far reaching implications.
The audits accuse the five major lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government. The audits were completed between February and March, the sources said. The internal watchdog office at HUD referred its findings to the Department of Justice, which must now decide whether to file charges.
The federal audits mark the latest fallout from the national foreclosure crisis that followed the end of a long-running housing bubble. Amid reports last year that many large lenders improperly accelerated foreclosure proceedings by failing to amass required paperwork, the federal agencies launched their own probes.
The resulting reports read like veritable indictments of major lenders, the sources said. State officials are now wielding the documents as leverage in their ongoing talks with mortgage companies aimed at forcing the firms to agree to pay fines to resolve allegations of routine violations in their handling of foreclosures.
The audits conclude that the banks effectively cheated taxpayers by presenting the Federal Housing Administration with false claims: They filed for federal reimbursement on foreclosed homes that sold for less than the outstanding loan balance using defective and faulty documents.
This is a guest post by Scott Huler, author of “On the Grid: A Plot of Land, An Average Neighborhood, and the Systems that Make Our World Work.”
It’s been a year since the publication of On the Grid, my book about tracing and understanding everyday infrastructure systems, so I have now spent a year talking to people about their wires and pipes — and I have terrible news. Not about infrastructure itself, which is amazing and growing only more so. No — it’s about whether we get to have any more of it.
Whenever I give a presentation, I always start with something in the news — which is easy, since wherever you go, infrastructure is in the news. Nearly every story is in some way an infrastructure story. Whatever city you live in, at least two local stories in your paper today have to do with streets or water or wastewater. Check it out — it’s always true.
But forget about local right now — let’s start with Japan.
The tsunami spent about an hour as a natural disaster, then a few days as an issue of emergency response. But the long term, the situation emerged as a pure crisis of infrastructure. Recall that Japan was already coping with the problems created by trying to run itself without the Fukishima plant. This was made even more complex by Japan’s use of both 50-hertz and 60-hertz electrical grids, caused because Japan never adopted either the North American (60-hertz) or European (50-hertz) electrical standards. Let’s not even bring up how the most serious problems were caused by decades of failure to create a long-term solution for radioactive waste, or the possibilities of thorium power generation. The point is, you start with an earthquake and a tsunami, and a cup of coffee later you’re talking about generating electricity with rare-earth mine tailings.
Megan McArdle writes:
I find it maddening how many upper middle class parents energetically "support public education" against the depredations of vouchers and other reforms, while moving their own children into better school districts or better programs. ...
There’s some fair points here. Inequality in public education is a real problem in this country, and those with the best education often do – intentionally or not – work to keep the system the way it is. In many ways, Megan is correct that suburban parents in upper income areas basically already send their kids to private schools. Which is one reason why so many Americans are happy with the education their kids receive.
Year after year, Gallup finds that American parents think very highly of their own schools, while giving the school system as a whole a failing grade. I think this is largely because the media narrative makes everyone think that most American schools are just horrible, failing disasters – when in reality, it tends to be poor urban (and rural) schools that have the vast share of problems.
By Harriet Sherwood in Jerusalem, Guardian.co.uk, May 15, 2011
At least 13 people killed as troops clash with demonstrators in Gaza and on the borders with Syria and Lebanon.
Thousands of Palestinians and their supporters were embroiled in deadly confrontations with the Israeli army as protests erupting across the Palestinian territories, Israel and its borders with Syria, Lebanon and Jordan were met with live fire, rubber bullets, stun grenades and teargas.
At least 13 people were reported killed in a day of bloody confrontations, including 10 at the Lebanese border, at least two at the Syrian border and one in Gaza. However some sources said 10 people had been killed on the Syrian border. Police also fired teargas to disperse hundreds of protesters on the Jordanian border....
Palestinians killed in 'Nakba' clashes
Al Jazeera, May 15, 2011
Several killed and scores wounded in Gaza, Golan Heights, Ras Maroun and West Bank, as Palestinians mark Nakba Day.
and:
Scores injured at 'Nakba' rally in Cairo
Al Jazeera, May 15, 2010
Security forces disperse "Nakba Day" demonstrators after group attempts to "storm" Israeli embassy in Egyptian capital
By Marisa Taylor and Michael Doyle, McClatchy Newspapers, May 15, 2011
WASHINGTON — The military's premier crime lab has botched more of its evidence testing than has been previously known, raising broader questions about the quality of the forensic work relied on to convict soldiers, sailors, airmen and Marines.
Now, the Supreme Court could weigh in, while two senators want the Pentagon to open a full-blown investigation. If they start looking, Pentagon officials will find that the crime lab's problems extend beyond one discredited analyst.
The scrutiny comes after McClatchy published a series of stories detailing how a former long-time forensics analyst at the Army Criminal Investigation Laboratory made false statements and mishandled dozens of tests. A follow-up McClatchy investigation reveals that a second lab analyst....
By Tim Johnson, McClatchy Newspapers, May 15, 2011
MEXICO CITY — In the worst drug-related violence in modern times in Guatemala, assailants stormed a remote jungle ranch and killed 27 people, beheading 25 of them, an army spokesman said Sunday.
As spotter planes flew overhead, Guatemalan soldiers raced along jungle tracks to cut off a nearby border crossing into Mexico to prevent the assailants from fleeing, army Col. Rony Urizar said.
News reports in Guatemala said the Los Cocos ranch in a lawless part of the Peten region belonged to the brother of one of the nation's most widely known drug bosses.
The assailants, moving in several vehicles....
By Jason Lewis, The Telegraph, May 15, 2011
Smiling, in his swimming trunks, the sea calm and sparkling, the heir-apparent to Colonel Muammar Gaddafi relaxes with his minders and a key business associate whose firm gave more than £125,000 to the Conservatives in the last 18 months.
These extraordinary pictures, some taken by an unknown bikini-clad young woman – one of several scantily-dressed girls who joined the party – are a unique glimpse of the playboy lifestyle of the Western-educated son of the Libyan dictator....
Mr Salloum is a London-based lawyer and vice president of Consolidated Contractors Company (CCC), a multinational which, before the recent uprising, was part of a major consortium revamping Tripoli airport and upgrading the terminal at Misurata, scene of some of the most intense fighting in recent days.
The international construction company, which also runs property and travel firms in Britain, was labelled a "complete disgrace" by a High Court judge for failing to comply with court orders freezing its assets......