;)
The Commentariat -- Dec. 17, 2014
Internal links removed.
... ** Peter Baker & Randal Archibold of the New York Times: "The United States will open talks with Cuba aimed at restoring full diplomatic relations and opening an embassy in Havana for the first time in more than a half century after the release of an American contractor held in prison for five years, American officials said Wednesday. President Obama plans to make a televised statement from the White House at noon about the breakthrough, which opens the door to a major international initiative that could help shape his legacy heading into his final two years in office. Alan Gross, the American contractor who has been serving a 15-year sentence in a Cuban prison for trying to bring Internet services to Cuba, was released and put on an American government airplane bound for the United States, officials said.... As part of the larger agreement, the United States is releasing three Cuban spies first arrested in Miami in 2001. American officials denied that they were being traded for Mr. Gross and said they were instead being swapped for another person imprisoned in Cuba who is believed to have worked for United States intelligence agencies." ...
... Story has been UPDATED. New Lede: "The United States will restore full diplomatic relations with Cuba and open an embassy in Havana for the first time in more than a half-century after the release of an American contractor held in prison for five years, American officials said Wednesday." ...
... This Was Predictable. Patricia Mazzei & Jay Weaver of the Miami Herald: "The political ground shook in South Florida on Wednesday when the Obama administration indicated it plans to restore full diplomatic relations with Communist Cuba. Miami, the heart of the Cuban exile community, reacted with a collective shock. Hardline opponents of the Castro regime lambasted the president for what they called a betrayal." ...
... AND This Was Predictable. Katie Glueck & Seung Min Kim of Politico: "Republican[s] reacted with outrage Wednesday over the Obama administration&'s move to normalize relations with Cuba, with some lawmakers casting it as appeasement and the product of extortion by the communist Castro government. Sen. Marco Rubio, the son of Cuban immigrants and a likely 2016 presidential contender, was one of several GOP lawmakers from Florida to denounce the administration. He and other Republicans promised to try to derail the White House's efforts through their leverage in Congress.... Sen. Lindsey Graham, a Republican from South Carolina who is vocal on foreign policy, tweeted that the development is 'an incredibly bad idea.' He added later: 'I will do all in my power to block the use of funds to open an embassy in Cuba.'" ...
... Marcos Moulitas on the "crusty old fucks," neocons & various Republican presidential wanna-bes who oppose the President's (& the Pope's!) efforts to quasi-normalize relations with Cuba. (Also Bob Menendez [D-N.J.]. ...
... CW: Menendez's "hissyfit," as Kos put it, is strange. (Read hissyfit here.) His parents were Cuban immigrants, but they weren't among the wealthy exiles who lost everything in Cuba & fled the island after the Castro regime took over the government. Thus, it's difficult to know what sort of lore has cemented his brain synapses.
Michael Memoli of the Los Angeles Times: "A turbulent lame-duck session of Congress came to a sudden end Tuesday as the Senate rushed to clear a lingering tax bill and some key presidential nominations in a late-night flurry of final votes. Lawmakers signed off on a deal to extend $45 billion worth of tax breaks through this calendar year, ensuring that businesses and individuals can claim the deductions in their next IRS filings. The 76-16 vote also approved what had been a separate bill to create new tax-free accounts that can be used for the care of disabled family members." ...
... Ed O'Keefe & Sean Sullivan of the Washington Post: "Democrats controlling the Senate also secured agreements from Republicans to confirm at least six dozen of President Obama's nominees to serve as federal judges, agency bosses and on myriad government boards, a last-minute coup for the White House since most of the picks faced tougher odds next year once Republicans take full control of Capitol Hill." ...
... Coburn's Last Stand. Andrew Taylor of the AP: "A Republican senator Tuesday blocked a bill that would have renewed a government program credited with reviving the market for insurance against terrorist strikes after the Sept. 11 attacks. The objections of Oklahoma Sen. Tom Coburn, who is retiring this year, dimmed chances for any action in the waning hours of the lame-duck session of Congress." ...
... Jeremy Peters of the New York Times: "The Senate moved forward Tuesday with two more disputed nominations, confirming over Republican objections Sarah Saldaña, a federal prosecutor, as director of Immigration and Customs Enforcement and Antony Blinken, a former national security adviser to President Obama, to be deputy secretary of state. Neither received the 60 votes that would have been necessary under the old Senate rules, further demonstrating how Democrats have helped Mr. Obama reshape the federal bench and fill the executive branch with people of his choosing since they abolished the filibuster for all but Supreme Court nominations." ...
... Joan Lowy of the AP: "The Senate on Tuesday confirmed a new administrator to lead the government's auto safety agency, which faces complaints that regulators bungled two high-profile recalls involving faulty ignition switches and exploding air bags. Mark Rosekind, 59, a leading expert on human fatigue, was approved by voice vote to head the National Highway Traffic Safety Administration, a neglected but critically important agency that is widely considered to be understaffed and underfunded. The previous administrator, David Strickland, left in January." ...
... CW: Does it make sense that the administrator of the National Highway Traffic Safety Administration requires Senate confirmation? I know it's an important job, but it's not exactly a high-level one.
... Manu Raju of Politico: "Ted Cruz privately apologized to GOP senators Tuesday for interrupting their holiday schedules by his surprise tactics that effectively brought the Senate into session over the weekend. According to five senators who attended Tuesday's caucus lunch, Cruz offered the apology in unsolicited remarks, saying that he regretted if any of his colleagues' schedules were ruined by his maneuvering. He didn't say whether he would do something similar again, senators said.... Republican senators were furious, arguing that Cruz and [Mike] Lee [R-Utah] had effectively paved the way for the confirmation of controversial judicial and executive branch nominees, several of whom would have otherwise been blocked in a GOP-led Senate next year. And they were just as angry that they were blindsided by the move...." ...
... Evan Halper of the Los Angeles Times: "Tucked deep inside the 1,603-page federal spending measure is a provision that effectively ends the federal government's prohibition on medical marijuana and signals a major shift in drug policy. The bill's passage over the weekend marks the first time Congress has approved nationally significant legislation backed by legalization advocates. It brings almost to a close two decades of tension between the states and Washington over medical use of marijuana.... A separate amendment to the spending package, tacked on at the behest of anti-marijuana crusader Rep. Andy Harris (R-Md.), will jeopardize the legalization of recreational pot in Washington, D.C., which voters approved last month."
Josh Gerstein of Politico: "A federal judge in Pennsylvania has ruled President Barack Obama's recent executive actions on immigration unconstitutional, but the decision came in a criminal case, leaving its broader impact uncertain. U.S. District Court Judge Arthur Schwab[, a Bush II appointee,] issued the first-of-its-kind ruling Tuesday in the case of Elionardo Juarez-Escobar, a Honduran immigrant charged in federal court with unlawful re-entry after being arrested earlier this year in Pennsylvania for drunk driving. 'President Obama's unilateral legislative action violates the separation of powers provided for in the United States Constitution as well as the Take Care Clause, and therefore, is unconstitutional,' Schwab wrote in his 38-page opinion.... A Justice Department spokesman rejected the judge's legal rationale and his decision to opine on the legality of Obama's actions. 'The decision is unfounded and the court had no basis to issue such an order,' said the official, who asked not to be named. 'No party in the case challenged the constitutionality of the immigration-related executive actions and the department's filing made it clear that the executive actions did not apply to the criminal matter before the court. Moreover, the court's analysis of the legality of the executive actions is flatly wrong. We will respond to the court's decision at the appropriate time.'"
... Ian Millhiser of Think Progress: "In an extraordinary opinion that transforms a routine sentencing matter into a vehicle to strike down a politically controversial policy, a George W. Bush -appointed judge in Pennsylvania declared President Obama's recently announced immigration policy unconstitutional on Tuesday. Because the policy 'may' apply to a defendant who was awaiting sentencing of a criminal immigration violation, Judge Arthur Schwab decides that he must determine 'whether the Executive Action is constitutional.' He concludes that it is not." Millhiser explains why the ruling is kinda stupid: "... Schwab's legal analysis is thin. He spends nearly as much time making what appear to be political attacks on the president as he does evaluating actual legal matters. And what little legal analysis he does provide fails to cite key Supreme Court decisions that seem to contradict his conclusion." ...
... Elise Foley & Ryan Grim of the Huffington Post: "Schwab's decision, however, does not appear to carry any real-world consequences. The judge, who has a highly unusual history of being removed from cases due to temperament and charges of bias, was not asked to rule on the issue and instead inserted his opinion into a criminal case."
The Washington Post editors write a powerful editorial against evil torture advocate & apologist Dick Cheney. Read it. ...
... The Party of Torture. Paul Waldman: "Regular people take cues from the elites who represent them, and if you're an ordinary conservative, right now you're seeing all the elites you like ... telling you over and over again that the kind of torture the CIA engaged in was perfectly legal, morally unproblematic, and spectacularly effective. So it isn't unexpected that Republicans would become more and more pro-torture as the debate proceeds. That doesn't make it any less ghastly, though." ...
... CW: I don't think Ryan Cooper covers anything in this post that we haven't covered before, but he puts it all in one place, & all of it bears repeating: "Knowing as we do that torture does not work like [the way the media depict it], such depictions and polls are ethically monstrous. The American political and media elite have been, in effect, conducting a blatantly false, pro-torture propaganda campaign, one which, unfortunately, did not stay in the popular culture sphere. As Dahlia Lithwick wrote in Slate years ago, 'The lawyers designing interrogation techniques cited [24's Jack] Bauer more frequently than the Constitution.'"
... Ken Silverstein of the Intercept: "Matthew Zirbel's home in Great Falls, Virginia is filled with oriental carpets, perhaps collected from his time spent working in countries like Afghanistan and Saudi Arabia. The million dollar home has 'LOTS of 'WOW!' You will 'Oooh & Ahhh', says this recent description on Zillow. This isn't the first time Zirbel's surroundings have wowed someone. Over a decade ago, Zirbel, then a junior CIA officer, was in charge of the Salt Pit, a 'black site' in Afghanistan referred to in the recent Senate torture report as 'Cobalt,' where detainees were routinely brutalized and which one visitor described as a 'dungeon.' A delegation from the Federal Bureau of Prisons was 'WOW'ed' by the Salt Pit's sensory deprivation techniques, and a CIA interrogator said that prisoners there 'literally looked like [dogs] that had been kenneled,' according to the report." ...
... Adam Weinstein of Gawker publishes more exterior & interior shots of the Zirbel house with commentary that relates the photos to Zirbel's career as "Torturer CIA Officer No. 1."
Sahil Kapur of TPM: "The Supreme Court will have another chance to cripple Obamacare in 2015.... But the Republicans who will run Congress next year may be unintentionally undermining their chances of a victory in King v. Burwell, by arguing that a defeat for the Obama administration would gravely damage the law and signaling they would not fix the language at issue in Obamacare.... The problem is that this message ... contradicts the message undergirding the lawsuit: that the challengers are simply trying to perfect the law's implementation, not harm it.... The GOP statements also undermine an argument that has benefited the legal challenge: that Congress can simply 'fix' the law if the courts determine that the letter of the law contradicts what its authors say they intended." ...
... CW: Of course Kapur's argument presumes conservatives on the Court -- especially Chief Justice John Roberts -- actually want to preserve the law, which is mighty questionable. It also presumes that the Court will take GOP chatter into account. Unless that chatter is presented in briefs, I don't see how Mitch McConnell's remarks, for instance, would even be part of the Court's consideration of the case. ...
... A report by outgoing Rep. Henry Waxman (D-Calif.) "finds that for the more than 13 million Americans that are expected to receive tax credits on the federal exchange in 2016, a total of approximately $65 billion in tax credits are at risk. Citizens in 286 congressional districts in 35 states would lose tax credits if the Supreme Court rules against the availability of the tax credits provided by the ACA." As Paul Waldman points out, that's an average of $5,000 per taxpayer.
Laura Clawson of Daily Kos: "Last week, a National Labor Relations Board judge ruled that Walmart illegally intimidated workers. This week, the Pennsylvania Supreme Court upheld a lower court verdict and ordered Walmart to pay $188 million to workers who sued because, they said, Walmart wasn't paying them for the full hours they worked and wasn't paying for rest breaks. About 187,000 people who worked in Pennsylvania Walmarts between 1998 and 2006 would be affected, but -- surprise! -- Walmart is considering an appeal to the Supreme Court."
Jim Tankersley of the Washington Post: "Wall Street is bigger and richer than ever, the research shows, and the economy and the middle class are worse off for it.... The financial industry has doubled in size as a share of the economy in the past 50 years, but it hasn't gotten any better at its core job: getting money from investors who have it to companies that will use it to generate growth, profit and jobs. There are many ways to quantify how that financial growth-without-improvement hurts the economy.... America's financial system has grown much larger than it should have, based on how well the industry performs.... Some of America's growth was driven by Washington." CW: Emphasis added. Finally, Tankersley gets something right.
Sandra Westfall of People: "The protective bubble that comes with the presidency – the armored limo, the Secret Service detail, the White House -- shields Barack and Michelle Obama from a lot of unpleasantness. But their encounters with racial prejudice aren't as far in the past as one might expect. And they obviously still sting.... 'There's no black male my age, who's a professional, who hasn't come out of a restaurant and is waiting for their car and somebody didn't hand them their car keys,' said the president, adding that, yes, it had happened to him. Mrs. Obama recalled another incident: 'He was wearing a tuxedo at a black-tie dinner, and somebody asked him to get coffee.'" CW: You have to subscribe to People to read the whole article/interview. ...
... CW: Weirdly, it appears Michelle Obama thinks a woman who approached her in Target was racist: "I tell this story -- I mean, even as the first lady -- during that wonderfully publicized trip I took to Target, not highly disguised, the only person who came up to me in the store was a woman who asked me to help her take something off a shelf. Because she didn't see me as the first lady, she saw me as someone who could help her. Those kinds of things happen in life. So it isn't anything new." I don't think the shopper-lady was racist. Whatever the woman wanted was probably on a top shelf, so the physical characteristic the shopper was looking for was "tall." Or else the item was heavy, so she was looking for "strong." Michelle Obama fits the bill on both. Strangers often ask me to help them (or I volunteer), & it has nothing to do with my race.
CW: Sorry, Lauren, I just don't believe that this nice family man (pictured here with a young lady who is not a Farenthold family member) ever made "sexually-suggestive comments" to you.AP: "A former staffer for Rep. Blake Farenthold is suing the office of the Texas Republican, saying she was sexually harassed and fired soon after she complained of a hostile work environment. Lauren Greene, a former communications director for Farenthold, filed the lawsuit last week in federal court in Washington. In a statement Tuesday, a spokesman for Farenthold -- first elected in 2010 -- said the congressman expected to be cleared of wrongdoing 'once all of the facts are revealed.' Greene alleges in her lawsuit that Farenthold made sexually suggestive comments to her, including some she says were designed to gauge her interest in a sexual relationship with him. She also says Farenthold disclosed to another staffer in the office that he had been having sexual fantasies about Greene." ...
... Andrew Kaczynski of BuzzFeed (Dec. 12): "The website Blow-me.org is registered to Republican Texas Rep. Blake Farenthold, according to an Internet registration page. The website was registered by Farenthold when he owned a computer consulting business.... A spokesman told BuzzFeed News Rep. Farenthold would not be renewing the domain." CW: Yeah, probably not helpful to your sexual harassment defense.
Lauren Gambino of the Guardian: "Bill Cosby has implored the 'black media' to remain 'neutral' as he faces mounting allegations of sexual misconduct that have threatened his career. But some members of the 'black media', if such a monolithic entity can even be said to exist, say it's not their job to protect the fallen star, despite what he has meant to the African American community." ...
... Alyssa Rosenberg of the Washington Post: "Yesterday, Bill Cosby's wife, Camille, released a long and self-pitying statement urging the press to be inspired by the Rolling Stone case to dig more deeply not into the specifics of the stories women are telling about her husband but into the women who are making the allegations.... The Cosbys have benefited from preferential press treatment for a long time.... What makes her statement feel sad rather than purely cruel is the sense that Cosby is looking for reassurance that she has not been deceived." Camille Cosby's statement is here.
Michael Cieply & Brooks Barnes of the New York Times: "Sony Pictures Entertainment, the F.B.I., theater owners and competing film studios scrambled on Tuesday to deal with a threat of terrorism against movie theaters that show Sony's 'The Interview,' a raunchy comedy about the assassination of the North Korean leader, Kim Jong-un. The threat was made in rambling emails sent to various news outlets Tuesday morning. A version posted by The Hollywood Reporter said, in part: 'Remember the 11th of September 2001. We recommend you to keep yourself distant from the places at that time. (If your house is nearby, you'd better leave.)'... On Tuesday night, Landmark's Sunshine Cinema said it had canceled the film's New York premiere scheduled for this week; its Los Angeles premiere was held Dec. 11 without incident."
... Richard Verrier & Ryan Faughnder of the Los Angeles Times: "Concerned about threats to moviegoers, theater owners are starting to pull 'The Interview' from their holiday lineups amid a relentless cyberattack that has wreaked havoc on Sony Pictures Entertainment. The dropping of the film from the lucrative holiday season delivers yet another blow to Sony Pictures, which Tuesday was hit by a lawsuit on behalf of current and former employees whose confidential information was exposed in the attack."
Contributor safari has an excellent post in today's Comments on the Powell Memorandum. You can read the original memo here. As safari says, the memo -- written confidentially to a friend at the Chamber of Commerce -- did not become public until after Powell's confirmation as a Supreme Court Justice, when Washington Post columnist Jack Anderson obtained a copy of it. He wrote the memo shortly before his nomination. Here's another good piece on the Powell Memo, by Charlie Cray in Common Dreams. In a column responding to a David Brooks column, I cited Cray's piece & put it in the context of Brooks' befuddlement about the constrictions of liberalism. My column attempted to place the Powell Memo within the context of other factors affecting the political landscape.
Presidential Election
Jonathan Martin of the New York Times: "By announcing that he is considering a 2016 presidential bid and making official what has become increasingly apparent in recent weeks, [Jeb] Bush, 61, quickly reshaped a Republican race that had scarcely begun forming. Mr. Bush's early move amounted to a pre-emptive strike on his most likely rivals for the blessing of establishment-oriented contributors and party officials." ...
... Here's Bush's Facebook entry announcing he's thinking about announcing. ...
... Jim Newell of Salon: "There has been 'chatter' among the class of top establishment donors about trying to clear the field and rally around a single establishment, big-business Republican. Jeb Bush, by half-announcing in mid-December, is trying to tell them that he's their guy." ...
... Anna Palmer, et al., of Politico: "In one swift move, Jeb Bush showed his fundraising prowess without raising a dollar.... Several donors said they are increasingly optimistic that Bush will launch an official campaign in early 2015, but until he makes an official announcement to form an exploratory committee there is nothing that they can do.... Bush is also looking to lock up top GOP talent and fill senior slots. Heather Larrison, who served as finance director of the National Republican Senatorial Committee for the 2014 cycle, is working with Bush on a 'volunteer basis,' his spokeswoman Kristy Campbell confirmed. Bush's move toward the race could pose the most serious problems for a trio of prospective rivals who have assiduously courted major establishment donors -- [Chris] Christie, [Rick] Perry and [Marco] Rubio." ...
... Adios, Marco. Danny Vinik of the New Republic: "If there is one loser from Bush's decision to explore a presidential run, it's Senator Marco Rubio, also from Florida. Bush has deep connections to the donor base in Florida thanks to his eight years running the state. If Bush does choose to run -- and the signs clearly point that way now -- it will leave little room for Rubio to mount his own presidential campaign." ...
... Steve M. gives Jeb's run some thought: "I'm not sure the GOP can win the presidency with a candidate a lot of the base loathes." ...
... Michael Tomasky of the Daily Beast makes a pretty good -- and funny -- argument against a Bush run. "It used to be frequently said back in 2000 that Jeb was 'the smart brother.' Given the tribulations that await him on the hustings versus the easy millions that dangle before him in the global aviation business, the choice that would prove he's the smart one seems pretty clear." Thanks to Victoria D. for the link. ...
... Ed Kilgore: "As fate would have it, McLatchey put out a new national poll this very day showing Jeb running second to Mitt Romney (that other Establishment boyo, who will have extra time to think about a presidential campaign that could be unleashed if the field shapes up as a budding disaster) and taking the lead if Mitt stays out. This will be enough for many Establishment types, who can be expected to begin calling Jeb the 'frontrunner.' But truth is, he's only running at 14% (16% if Mitt doesn't run), and in a trial heat against Hillary Clinton, he's trailing 53-40, which doesn't exactly burnish the 'electability' credentials he'd definitely need to convince conservatives to ignore his policy heresies and his family's reputation for playing them for fools." ...
... Brian Beutler: "One of the predictable political consequences of Obama's immigration actions was to set Republican presidential hopefuls into competition with one other to be anointed the most dependably anti-amnesty figure in the party.... [Bush] can't ... demonstrate a commitment to principles, even when they conflict with the demands of the primary -- in the environment Obama just created.... Bush could just as easily retreat from his compassionate position on the issue. Other Republicans have executed a similar volte-face. But then he'll just become another Romney-like figure who by his own lights can't win the presidency." ...
... Matt Yglesias takes the opposite tack: he suggests that Obama's immigration action saved Bush's butt: now "Bush is free to denounce these actions as a gross abuse of presidential authority.... There's nothing in his record to suggest he's beyond the pale for a GOP nominee, and no real evidence that the Republican establishment that nominated his brother and his father has changed enough to sink his candidacy."
... Adam Weinstein: "The overpaid Beltway writerly class is busying itself with pats on its own back for amazing, oddball prognostications of a Bush-Clinton 2016 matchup months, even years ago, because who could have seen that coming? In the meantime, if he really is going to run for president, Bush has to convince Republicans to shy away from the divisive social politics and populist demagoguery to opt for a traditionally conservative Ivy League businessman with family ties to politics. Which would be a real break with recent history for the party, if you don't count 1988, 1992, 2000, 2004, and 2012." ...
... CW: I thought I'd just check in to see how the wingers were taking this news. Here's the PJ Tattler: "Oh, God, please no: Jeb Bush is running for president. Another Bush in the White House? ...
... AND here's AllahPundit of Hot Air: "Remember, Bill Clinton has become good friends with the Bushes, to the point where Dubya now kids that he's a 'brother from another mother' and that Hillary is his 'sister-in-law.' Another Bush/Clinton race wouldn't be a contest between two dynastic families. It would, effectively, be an intramural contest within one." ...
... EVEN David Frum, a speechwriter for Dubya & a fairly moderate Republican, whom you might think would therefore support Jebby, tweets, "In this magnificent land of opportunity, anyone can aspire to the presidency, provided only that an immediate relative had the job already." ...
... Dave Weigel of Bloomberg Politics rounds up some reactions from wingers. ...
... Here's a surprise: other likely GOP presidential candidates don't like a Jeb candidacy:
... Katie Glueck of Politico: "Texas Sen. Ted Cruz insists he's a 'big fan' of Jeb Bush. But when asked Tuesday about the former Florida governor's move toward a presidential run, Cruz suggested the Republican party would lose if they nominate another relative moderate. Cruz, a deeply conservative Texas Republican and likely 2016 candidate himself, called Bush a 'good governor in Florida,' before warning against nominating a centrist Republican. He didn't specifically place Bush in that category, but the implication was clear...." ...
... Zeke Miller of Time: "Rand Paul is already running an ad against Bush.... Hours after former Florida Gov. Jeb Bush announced he would 'actively explore' a run for the White House, the political action committee for Kentucky Sen. Rand Paul ... took out a Google search ad on his name, with a not-so-subtle dig at the more moderate Republican. 'Join a movement working to shrink government. Not grow it,' the ad states, with a link to RandPAC, Paul's longstanding federal leadership committee, and a page asking supporters to give their email address and zip code to 'Stand With Rand.'"
Jill Colvin of the AP: "Hillary Rodham Clinton said Tuesday she's proud to have been part of an administration that 'banned illegal renditions and brutal interrogations' and said the U.S. should never be involved in torture anywhere in the world. Clinton spoke ... after receiving an award from The Robert F. Kennedy Center for Justice & Human Rights at a gala in New York.... The remarks marked Clinton's first on the subject since the release of a Senate report last week investigating the CIA's interrogation techniques after 9/11.... Clinton also addressed the recent protests that have raged across the country, and drew links between violence at home and abroad. She declared, 'yes, black lives matter,' a mantra of demonstrators around the country who have been protesting recent grand jury decisions not to indict white police officers involved in the deaths of unarmed black men in Ferguson, Missouri, and in New York." ...
... The People Poll. Jaime Fuller of the Washington Post: "According to a report from AdWeek on Monday, the June 16 issue of People featuring ... [Hillary Clinton on the cover] was the magazine's worst selling of 2014...."
November Elections
Philip Elliott of the AP: "Shadowy outside groups broadcast an estimated $25 million worth of political ads on local TV stations with a goal of shaping state-level elections this year, and their full roster of donors is unlikely to ever be known, according to an analysis released Wednesday. While the $25 million is a small slice of the $850 million spent on ads in statewide races, the amount is still almost twice what outside groups shelled out during the last midterm elections in 2010. The Center for Public Integrity analysis also showed that the secretive outside groups were quite successful, exceeding the victory rates of groups that disclose their donors."
Way Beyond the Beltway
Jenny Anderson & Andrew Roth of the New York Times: "Trading in the Russian ruble was volatile early Wednesday morning, rallying briefly on news that the Finance Ministry was ready to sell some of its foreign currency reserves, and then weakening again." ...
... The Guardian is liveblogging the ruble (or "rouble") crisis. ...
The foundations on which Vladimir Putin built his 15 years in charge of Russia are giving way. The meltdown of the ruble, which has plunged 18 percent against the dollar in the last two days alone, is endangering the mantra of stability around which Putin has based his rule. While his approval rating is near an all-time high on the back of his stance over Ukraine, the currency crisis risks eroding it and undermining his authority, Moscow-based analysts said." ...
... Matt O'Brien of the Washington Post: "A funny thing happened on the way to Vladimir Putin running strategic laps around the West. Russia's economy imploded.... It's a classic kind of emerging markets crisis. It's only a small simplification, you see, to say that Russia doesn't so much have an economy as it has an oil exporting business that subsidizes everything else. That's why the combination of more supply from the United States, and less demand from Europe, China, and Japan has hit them particularly hard.... And this is only going to get worse. Russia, you see, is stuck in an economic catch-22. Its economy needs lower interest rates to push up growth, but its companies need higher interest rates to push up the ruble and make all the dollars they borrowed not worth so much. So, to use a technical term, they're screwed no matter what they do." ..,
... "Putin on the Fritz." Paul Krugman: "It's impressive just how quickly and convincingly the wheels have been coming off the Russian economy. Obviously the plunge in oil prices is the big driver, but the ruble has actually fallen more than Brent -- oil is down 40 percent since the start of the year, but the ruble is down by half.... Well, it turns out that Putin managed to get himself into a confrontation with the West over Ukraine just as the bottom dropped out of his country's main export, so that a financing shock was added to the terms of trade shock. But it's also true that drastic effects of terms of trade shocks are a fairly common phenomenon in developing countries where the private sector has substantial foreign-currency debt: the initial effect of a drop in export prices is a fall in the currency, this creates balance sheet problems for private debtors whose debts suddenly grow in domestic value, this further weakens the economy and undermines confidence, and so on."
News Ledes
New York Times: "Prime Minister Nawaz Sharif of Pakistan lifted a moratorium on the death penalty Wednesday as the government declared three days of official mourning and grappled with the aftermath of an attack on a school by the Pakistani Taliban that killed 145 people. The national flag was lowered to half-staff on all official buildings and prayer services were scheduled across the country." ...
... The Washington Post profiles "Mullah Radio," the leader of the Taliban attack on schoolchildren & teachers.
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