The Ledes

Friday, October 4, 2024

CNBC: “The U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the Labor Department reported Friday. Nonfarm payrolls surged by 254,000 for the month, up from a revised 159,000 in August and better than the 150,000 Dow Jones consensus forecast. The unemployment rate fell to 4.1%, down 0.1 percentage point.”

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Public Service Announcement

Washington Post: "Americans can again order free rapid coronavirus tests by mail, the Biden administration announced Thursday. People can request four free at-home tests per household through covidtests.gov. They will begin shipping Monday. The move comes ahead of an expected winter wave of coronavirus cases. The September revival of the free testing program is in line with the Biden administration’s strategy to respond to the coronavirus as part of a broader public health campaign to protect Americans from respiratory viruses, including influenza and respiratory syncytial virus (RSV), that surge every fall and winter. But free tests were not mailed during the summer wave, which wastewater surveillance data shows is now receding."

Washington Post: “Comedy news outlet the Onion — reinvigorated by new ownership over this year — is bringing back its once-popular video parodies of cable news. But this time, there’s someone with real news anchor experience in the chair. When the first episodes appear online Monday, former WAMU and MSNBC host Joshua Johnson will be the face of the resurrected 'Onion News Network.' Playing an ONN anchor character named Dwight Richmond, Johnson says he’s bringing a real anchor’s sense of clarity — and self-importance — to the job. 'If ONN is anything, it’s a news organization that is so unaware of its own ridiculousness that it has the confidence of a serial killer,' says Johnson, 44.” ~~~

     ~~~ Marie: I'll be darned if I can figured out how to watch ONN. If anybody knows, do tell. Thanks.

Washington Post: “First came the surprising discovery that Earth’s atmosphere is leaking. But for roughly 60 years, the reason remained a mystery. Since the late 1960s, satellites over the poles detected an extremely fast flow of particles escaping into space — at speeds of 20 kilometers per second. Scientists suspected that gravity and the magnetic field alone could not fully explain the stream. There had to be another source creating this leaky faucet. It turns out the mysterious force is a previously undiscovered global electric field, a recent study found. The field is only about the strength of a watch battery — but it’s enough to thrust lighter ions from our atmosphere into space. It’s also generated unlike other electric fields on Earth. This newly discovered aspect of our planet provides clues about the evolution of our atmosphere, perhaps explaining why Earth is habitable. The electric field is 'an agent of chaos,' said Glyn Collinson, a NASA rocket scientist and lead author of the study. 'It undoes gravity.... Without it, Earth would be very different.'”

The New York Times lists Emmy winners. The AP has an overview story here.

New York Times: “Hvaldimir, a beluga whale who had captured the public’s imagination since 2019 after he was spotted wearing a harness seemingly designed for a camera, was found dead on Saturday in Norway, according to a nonprofit that worked to protect the whale.... [Hvaldimir] was wearing a harness that identified it as “equipment” from St. Petersburg. There also appeared to be a camera mount. Some wondered if the whale was on a Russian reconnaissance mission. Russia has never claimed ownership of the whale. If Hvaldimir was a spy, he was an exceptionally friendly one. The whale showed signs of domestication, and was comfortable around people. He remained in busier waters than are typical for belugas....” ~~~

     ~~~ Marie: Oh, Lord, do not let Bobby Kennedy, Jr., near that carcass. ~~~

     ~~~ AP Update: “There’s no evidence that a well-known beluga whale that lived off Norway’s coast and whose harness ignited speculation it was a Russian spy was shot to death last month as claimed by animal rights groups, Norwegian police said Monday.... Police said that the Norwegian Veterinary Institute conducted a preliminary autopsy on the animal, which was become known as 'Hvaldimir,' combining the Norwegian word for whale — hval — and the first name of Russian President Vladimir Putin. 'There are no findings from the autopsy that indicate that Hvaldimir has been shot,' police said in a statement.”

New York Times: Botswana's “President Mokgweetsi Masisi grinned as he lifted the diamond, a 2,492-carat stone that is the biggest diamond unearthed in more than a century and the second-largest ever found, according to the Vancouver-based mining operator Lucara, which owns the mine where it was found. This exceptional discovery could bring back the luster of the natural diamond mining industry, mining companies and experts say. The diamond was discovered in the same relatively small mine in northeastern Botswana that has produced several of the largest such stones in living memory. Such gemstones typically surface as a result of volcanic activity.... The diamond will likely sell in the range of tens of millions of dollars....”

Click on photo to enlarge.

~~~ Guardian: "On a distant reef 16,000km from Paris, surfer Gabriel Medina has given Olympic viewers one of the most memorable images of the Games yet, with an airborne celebration so well poised it looked too good to be true. The Brazilian took off a thundering wave at Teahupo’o in Tahiti on Monday, emerging from a barrelling section before soaring into the air and appearing to settle on a Pacific cloud, pointing to the sky with biblical serenity, his movements mirrored precisely by his surfboard. The shot was taken by Agence France-Presse photographer Jérôme Brouillet, who said “the conditions were perfect, the waves were taller than we expected”. He took the photo while aboard a boat nearby, capturing the surreal image with such accuracy that at first some suspected Photoshop or AI." 

Washington Post: “'Mary Cassatt at Work' is a large and mostly satisfying exhibition devoted to the career of the great American artist beloved for her sensitive and often sentimental views of family life. The 'at work' in the title of the Philadelphia Museum of Art show references the curators’ interest in Cassatt’s pioneering effort to establish herself as a professional artist within a male-dominated field. Throughout the show, which includes some 130 paintings, pastels, prints and drawings, the wall text and the art on view stresses Cassatt’s fixation on art as a career rather than a pastime.... Mary Cassatt at Work is on view at the Philadelphia Museum of Art through Sept. 8. philamuseum.org

New York Times: “Bob Newhart, who died on Thursday at the age of 94, has been such a beloved giant of popular culture for so long that it’s easy to forget how unlikely it was that he became one of the founding fathers of stand-up comedy. Before basically inventing the hit stand-up special, with the 1960 Grammy-winning album 'The Button-Down Mind of Bob Newhart' — that doesn’t even count his pay-per-view event broadcast on Canadian television that some cite as the first filmed special — he was a soft-spoken accountant who had never done a set in a nightclub. That he made a classic with so little preparation is one of the great miracles in the history of comedy.... Bob Newhart holds up. In fact, it’s hard to think of a stand-up from that era who is a better argument against the commonplace idea that comedy does not age well.”

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Publisher & Editor: Marie Burns


Wednesday
Nov282012

The Commentariat -- Nov. 29, 2012

I had a request to tackle Friedman or MoDo yesterday, but their columns were so stupid that I decided to hit one that was more important -- a front-page piece by Jackie Calmes who treats Erskine Bowles & Alan Simpson as a couple of good-hearted, fun-loving old pranksters. ...

... Charles Pierce goes at Simpson & Bowles directly & mentions the Calmes piece only in passing. As ever, Pierce gets it right: "Everything that's wrong with how we are currently discussing the country's economic situation can be summed up in two words — Simpson-Bowles."

It was deeply irresponsible in the summer of 2011, and it would be deeply irresponsible if we were to see that kind of approach taken again.... The president absolutely expects congress to do its job. One of the jobs that Congress has it to make sure that the United States government pays its bill. As the greatest economy and greatest country on earth, we pay our bills.... The harm done was done mostly to the American middle class – we had our economy downgraded, we had consumer confidence plunge, all because of this brinksmanship that is entirely inappropriate. We hope we won't see that again. – Jay Carney, at today's press briefing, in response to Speaker John Boehner's remark that any agreement from Republicans to raise the debt limit would come with “a price tag attached”

** Romney, Middle-Class President! CW: I keep forgetting to run this. Stuart Stevens, Romney's chief campaign strategist, wrote an op-ed in yesterday's Washington Post boasting about the great job he did: "On Nov. 6, Romney carried the majority of every economic group except those with less than $50,000 a year in household income. That means he carried the majority of middle-class voters. While John McCain lost white voters younger than 30 by 10 points, Romney won those voters by seven points, a 17-point shift. Obama received 4½million fewer voters in 2012 than 2008, and Romney got more votes than McCain." That's right, folks. If it weren't for you 47 percenter-moochers, the world would be right (in both senses of the word) & Mitt Romney would not just be visiting the White House today; he & Lady Ann would be measuring the drapes. ...

... Oh for effs sake. I just read the Stu Stevens piece and my BRAIN IS BURNING WITH FIRE. -- Rick Wilson, GOP strategist ...

... Kevin Robillard & Katie Glueck of Politico: "Stuart Stevens re-emergence this week after Mitt Romney’s trouncing on Nov. 6 has served to rekindle the longstanding gripes about the Republican strategist from many in the GOP who feared from the get-go that he was the wrong person for the job of electing a new president."

In anticipation of President Obama's Lunch Date with a Loser today, Edward-Isaac Dovere of Politico writes about past presidents' interactions with their rivals for the job. ...

     ... Update. David Nakamura of the Washington Post: "Former Massachusetts governor Mitt Romney met with President Obama at the White House on Thursday for what aides had previously described as a private, one-on-one lunch in the president’s private dining room." CW: President Obama had his usual lunch of salad and yoghurt. The White House chef prepared a main course of crow for the Loser, with a huge slice of humble pie for dessert. The President personally wrapped the leftovers to be enjoyed by the Loser's large family of Little Losers.

... Loser Dad Forced to Move in with Son. Steve Peoples of the AP: "Former Republican presidential candidate Mitt Romney is moving into office space at his son’s Boston-area venture capital firm."

President Obama made remarks Wednesday before a full Cabinet meeting:

Finally, somebody speaks actual truth to power. Matt Yglesias of Salon: "The grand bargain is impossible because it’s not possible for today’s Congress to bind the hands of future congresses." Now everybody STFU.

CW: BTW, pundits will be spending the next month predicting who will do what in the tax talks. I predict I will mostly ignore all but the most significant or most ridiculous stuff.

2011 Is So Over. Steve Kornacki: "Barack Obama made a giant mistake with the debt ceiling two years ago -- but he's clearly learned from it." This time he won't allow the GOP to decouple the debt ceiling deal from the rest of the tax package.  CW: what's weird is that it was obvious way before the summer of 2011 that Republicans would block everything Obama wanted to do because -- Republicans had blocked everything Obama wanted to do. Why did it take the debt ceiling crisis to convince him? ...

... A $19 Billion Tea Party Extravaganza -- on Your Tab. Bonnie Kavoussi of the Huff Post: "Last summer's seemingly interminable debt-ceiling battle is going to cost taxpayers billions, according to a new report. All told, the political fiasco will cost taxpayers $18.9 billion over 10 years, the Bipartisan Policy Center has found. That's largely the result of the government having to borrow at higher interest rates during the standoff, a time when investors feared the possibility of a default." Thanks to Jeanne B. for the link.

The President has said many times that the American people are demanding action. They want to see progress, not partisan delay games. That hasn't changed, and the President supports Majority Leader Reid's efforts to reform the filibuster process. Over the past few years important pieces of legislation like the DREAM Act, the Paycheck Fairness Act, and the American Jobs Act weren't even allowed to be debated, and judicial nominations and key members of the administration are routinely forced to wait months for an up-or-down vote. The American people deserve a United States Senate that puts them first, instead of partisan delay. -- Dan Pfeiffer, White House Communications Director ...

... Gail Collins muses on Republican outrage at Harry Reid's planned tweaks to the filibuster.

Jared Bernstein on Medicare cuts: "... now’s the time to watch and evaluate, not to reduce access to what is a highly efficient, effective form of health coverage for the nation’s seniors." He explains why. ...

... Jonathan Cohn of The New Republic concurs: "The advocates for deep entitlement reductions don’t seem to realize that the people on Medicare and Medicaid need the protection those programs provide — and that, without those programs, they’d suffer. Given the very significant chance we can reduce health care spending without reducing benefits, we have an obligation to try. It’s the compassionate thing to do. And the smart thing, too."

Charles Pierce finds something about Susan Rice actually worth some inquiry -- she owns between $300K & $600K of TransCanada & other Canadian oil company stock invested in the Keystone XL pipeline project. As Secretary of State, Rice would determine whether or not to approve the pipeline permit. As Pierce writes, "as something to consider in advance of her nomination, this certainly seems more worthy of inquiry than whatever bats are flying out of McCain's ears these days." ...

... NEW. Scott Shane writes a very good piece in the New York Times on the nonsense over the talking points intelligence agencies gave Susan Rice, a political brouhaha that may also take in CIA Acting Director Michael Morrell, who approved an erroneous phrase in the talking points.

Too Big to Remember. Matt Taibbi of Rolling Stone reads a deposition of former Bank of America CEO Brian Moynihan: "... the just-released Moynihan deposition in MBIA v. Bank of America, Countrywide, and a Buttload of Other Shameless Mortgage Fraudsters will go down as one of the great Nixonian-stonewalling efforts ever, and one of the more entertaining reads of the year.... The entire time, the Bank of America CEO presents himself as a Being There-esque cipher who was placed in charge of a Too-Big-To-Fail global banking giant by some kind of historical accident beyond his control, and appears to know little to nothing at all about the business he is running."

the just-released Moynihan deposition in MBIA v. Bank of America, Countrywide, and a Buttload of Other Shameless Mortgage Fraudsters will go down as one of the great Nixonian-stonewalling efforts ever, and one of the more entertaining reads of the year.

Read more: http://www.rollingstone.com/politics/blogs/taibblog/no-evidence-he-was-stoned-but-bank-of-america-ceo-brian-moynihan-apparently-doesn-t-remember-much-of-the-last-four-years-20121127#ixzz2DcH8ycPI
Follow us: @rollingstone on Twitter | RollingStone on Facebook

 

Right Wing World

The really nice thing about Right Wing World is that you don't have to wonder what the guy on the other end of the phone looks like. You pretty much know. Because, yes indeed, in Right Wing World, everybody looks alike. Here's Rachel Maddow's Clip 'n Save:

James Hohmann of Politico: speaking of diversity & reaching out to Latinos, blacks & women, Virginia Republicans are settling on State Attorney General Ken Cuccinelli as their nominee for governor, the winger who "spearheaded a lawsuit against Obamacare," has been nutso on immigration, is rabid on environmental regulation and is, as Charles Pierce writes, "a lifelong transvaginalist." ...

... Oh, Carry Me Back to Old Virginny. CW: Cuccinelli should be popular with black voters, too. When he realized the Virginia state seal depicted the goddess Virtus with a bare breast (oh, no!), Cuccinelli drew up his very own personal seal based on the center of the Confederate flag. Okay. Virginian Julian Walker asked in The Richmonder, "Does the current Republican Party of Virginia do anything without first asking 'What would Jefferson Davis do?'"

Tuesday
Nov272012

The Commentariat -- Nov. 28, 2012

NEW. Bryon Tau of Politico: "President Barack Obama will host Mitt Romney at the White House on Thursday for their first meeting since the election. 'Romney will have a private lunch at the White House with President Obama in the Private Dining Room,' White House press secretary Jay Carney said in a statement."

Jake Sherman of Politico: "After a day of meetings closed to the public, the House Republican Steering Committee announced an all-male slate of committee chairs.... The chairs for the House Ethics Committee and House Administration Committee have yet to be chosen.... Rep. Paul Ryan was the only lawmaker to obtain a waiver to bypass House GOP rules to remain as a chairman for a fourth term. He will lead the Budget Committee again. House Democrats are likely to have five women as ranking members committees." CW: make that all white men. I'm not sure, but I think that's all Christian white men. Hallelujah, brothers. You look just like America. If about 4/5ths of us would self-deport.

Paul Kane of the Washington Post: "For a second straight day Senate Majority Leader Harry M. Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) opened the chamber by engaging in a nearly hour-long feud over Reid's emerging proposal to eliminate some filibusters.... Reid's proposal, which he has only sketched out briefly in public, would eliminate the filibuster vote that is needed to formally begin debate on legislation. He would allow for a final filibuster vote, thus making the chamber run more efficiently.... A still-undefined portion of his proposal would mandate that if legislation does not get the required 60 votes to end filibusters, the 40-something senators in the minority would have to maintain a 'talking filibuster' akin to the version of the 1939 classic 'Mr. Smith Goes to Washington.'" ...

... Greg Sargent: "... what really matters is that Reid stepped way out on a limb in the direction of exercising that nuclear option"; that is, changing the rules by majority vote. "Reid lambasted McConnell for a newly unearthed quote from 2005 in which McConnell endorsed -- in principle -- the [nuclear option].... What happened today is that Reid, in effect, put his finger on the nuke button. It's hard to see how he pulls back now." ...

... CW: Remember that Reid opposed filibuster reform in 2010, perhaps because he believed the convention wisdom that Democrats would lose their Senate majority in 2012. What a difference an election makes. Thank you, Sen. Patty Murray. ...

... Jonathan Bernstein in the Washington Post: "Mitch McConnell has a theory of why there are so many cloture petitions these days. It's ... that Majority Leader Harry Reid (D-Nev.) has been using obscure procedures to deny Republicans the right to offer amendments, leaving them no option other than to avail themselves of the right to filibuster.... Republicans do have some legitimate complaints about amendments. But that has nothing to do with their 1993 decision to force cloture votes on all major issues, or the 2009 decision to shatter Senate norms and insist on a full 60-vote Senate." ...

... Harry Reid is really showing some spine -- finally. Seung Min Kim of Politico: "Senate Majority Leader Harry Reid laid down a firm marker Tuesday: raising the debt ceiling has to be part of a deal on the fiscal cliff." ...

... More Good News from Sargent: "I'm told that representatives of major unions and progressive groups met privately this morning with senior Obama administration officials at the White House -- and were pleased with what they heard.... One person at the meeting ... came away convinced that the White House would ultimately prove willing to go over the fiscal cliff if necessary.... White House officials also signaled in the meeting that they are going to insist that Republicans agree to resolve the need to raise the debt ceiling as part of the fiscal talks -- and won't abide a separate fight over it...." ...

... On the Other Hand ... Kate Madison sends this horrible news from Robert Reich: "... leading those negotiations for the White House is outgoing Secretary of Treasury Tim Geithner." CW: Reich has insider knowledge of Geithner, and -- like me with my outsider knowledge -- Reich has a low opinion of Wall Street's Man in Washington. Quelle surprise! Looks like the post-election Obama is just like pre-election Obama. ...

... More Bad News. Jackie Calmes of the New York Times: "Ladies and gentlemen, coming soon to your city or town (if they have not been there already, and maybe even if they have) are the latest odd couple of politics: the 67-year-old Democratic straight man, Erskine B. Bowles of Charlotte, N.C., and his corny 81-year-old, 6-foot-7 Republican sidekick, Alan K. Simpson of Cody, Wyo." CW: besides calling these two an "odd couple," Calmes ledes with a sentence calling them an "improbable buddy act." There's nothing "improbable" or "odd" about two old self-righteous, attention-seeking deficit hacks hawks going on the road with their fear-mongering dog-and-pony show. And they are mostly preaching to the converted: when they come to my neck of the woods, they're speaking on Sanibel Island -- where the swells keep themselves safe from us riffraff via a $6 toll bridge. If Bob Reich's news isn't bad enough, we learn through Calmes that "On Tuesday, Mr. Bowles and corporate executives he helped recruit to a 'Fix the Debt' campaign met privately at the White House with six senior administration officials, including Treasury Secretary Timothy F. Geithner." See this report (also linked Monday) by the Institute for Policy Studies on Fix the Debt a/k/a "a Trojan horse for massive corporate tax breaks." ...

... BTW, President Obama & Republicans are also going on the road to promote their visions of Fixing the Debt. The problem is that none of these road shows -- including the President's -- is a strong advocate for saving social safety net programs & two of them openly favor cutting them to the quick. ...

... A Short Course on the "Fiscal Cliff" a/k/a the "Austerity Crisis" by Washington Post bloggers. ...

... Stephen Ohlemacher of the AP: "Deep divisions among Senate Democrats over whether cuts to popular benefit programs like Medicare and Medicaid should be part of a plan to slow the government's mushrooming debt pose a big obstacle to a deal for avoiding a potentially economy-crushing "fiscal cliff," even if Republicans agree to raise taxes." ...

     ... CW: The best reason to go over the cliff: the Senate in particular, & to a tiny extent the House, will be more liberal come January. Not only will there be more Democratic Senators, they will be, on average, more progressive: think Kent Conrad v. Elizabeth Warren, Ben Nelson v. Tammy Baldwin.

Ed Kilgore: "The remarkable ability of conservatives to drag American politics to the Right by taking extremist positions and then offering to 'compromise' by accepting policies deemed conservative the week before last is hardly a new thing.... But the MSM keeps taking the bait, which is why we now have Lindsay Graham and Saxbe Chambliss being lionized for making fake concessions to stop America from plunging over a fake 'fiscal cliff.'" ...

    ... CW: Kilgore essentially backs up my critique of Frank Bruni, which appears in today's New York Times eXaminer. ...

     ... DITTO Michael Tomasky of Newsweek: "The 'compromise' [Republicans] are offering is no compromise at all, really. And what they want in return from Democrats -- which they are keeping intentionally vague -- shows very clearly that they haven't yet quite accepted the idea that elections have consequences.... The party that lost the election ... doesn't get to dictate terms.... [Obama had] better not forget, and he'd better not let the Republicans forget, that he just won an election in which the American people were given a clear choice -- and they made it." ...

     ... AND now, Bruni's own newspaper. New York Times Editors: "True flexibility means acknowledging that tax rates for the rich have to go up, and then negotiating how much and which ones. But, so far, Republicans have been just as closed to that reality as they have been for years, ignoring both the election results and the plain arithmetic of deficit reduction."

** Mark Bittman of the New York Times: "The Supplemental Assistance Nutrition Program, better known as SNAP and even better known as food stamps, currently has around 46 million participants, a record high. That's one in eight Americans.... as it stands, the number should be higher: many people are unaware that they're eligible for SNAP, and thus the participation rate is probably around three-quarters of what it should be." In a footnote, Bittman writes: "... it's cuts that are on the agenda, not expansion. Cuts ... are not only cruel but counterproductive." Bittman goes on to explain how food banks work & what they're doing. An excellent, informative piece.

** Harold Meyerson of the Washington Post: "... the very essence of the Wal-Mart system is to employ thousands upon thousands of workers through contractors and subcontractors and sub-subcontractors, who are compelled by Wal-Mart's market power and its demand for low prices to cut corners and skimp on safety. And because Wal-Mart isn't the employer of record for these workers, the company can disavow responsibility for their conditions of work.... Tens of thousands of American workers labor under similar arrangements." ...

... Jon Stewart comments:

** Jonathan Chait of New York: "The Republicans' long-term dilemma has generally been framed in racial terms, but it's mainly a generational one. The youngest generation of voters contains a much smaller proportion of white voters than previous generations, and those whites in that generation vote Republican by a much smaller margin than their elders. What's more, younger voters supported President Obama during the last two election cycles for reasons that seem to go beyond the usual reasons -- social issues like gay marriage and feminism, immigration policy, or Obama's personal appeal -- and suggest a deeper attachment to liberalism. The proclivities of younger voters may actually portend a full-scale sea change in American politics." ...

... More on our numb and dumb MSM from Kevin Drum of Mother Jones: "From House Speaker John Boehner, on President Obama's request to raise the debt ceiling: 'There is a price for everything.' ... It's gobsmacking. Ever since the election, Republicans have been acting as if financial catastrophe is purely a problem for the president.... If he doesn't want markets to panic, then he needs to cough up some goodies. What's even more gobsmacking is that nobody in the press seems to find this at all out of the ordinary.... Remarkable."

Elisabeth Bumiller & Scott Shane of the New York Times: "Two and a half weeks after Defense Secretary Leon E. Panetta announced an inquiry into e-mail exchanges between Gen. John R. Allen of the Marines and a Tampa socialite, some 15 investigators working seven days a week in the Pentagon inspector general's office have narrowed their focus to 60 to 70 e-mails that 'bear a fair amount of scrutiny,' a defense official said."

AP: "Hundreds of millions of dollars from Kabul Bank were spirited out of Afghanistan -- some smuggled in airline food trays -- to bank accounts in more than two dozen countries, according to an independent review released on Wednesday about massive fraud that led to the collapse of the nation's largest financial institution. The report, which was financed by international donors, offers new details about how the men at Kabul Bank and their friends and relatives got rich off $861 million in fraudulent loans in what the International Monetary Fund has called a Ponzi scheme that used customer deposits and operated under nascent banking oversight in the war-torn country."

News Ledes

Guardian: "US Environmental Protection Agency said on Wednesday that it has temporarily suspended BP and its affiliates from new contracts with the federal government, citing the oil company's 'lack of business integrity' associated with the disastrous 2010 Gulf oil spill. Two weeks ago, BP agreed to plead guilty to charges involving the deaths of 11 workers on the Deepwater Horizon oil rig, which exploded and sank in April 2010, setting off the nation's largest offshore oil spill. BP will also plead guilty to lying to Congress about how much oil was spewing from the blown-out Macondo well."

New York Times: "The European Commission on Wednesday approved a payment of €37 billion, or $48 billion, from the euro zone bailout fund to four Spanish banks on the condition that they lay off thousands of employees and close offices as part of their restructuring."

Guardian: "Richard O'Dwyer, the university student who created a website which linked to programmes and films online for free, has reached an agreement to avoid extradition to the US over copyright infringement allegations.... The 24-year-old Sheffield Hallam undergraduate has signed a draft "deferred prosecution" agreement in the past two days which requires him to travel to the US and pay a small sum of compensation but will mean he will not face a trial or criminal record.... In June, Wikipedia founder Jimmy Wales launched a campaign with the Guardian in defence of O'Dwyer...."

Monday
Nov262012

The Commentariat -- Nov. 27, 2012

My column in the New York Times examiner is on Frank Bruni's love letter to "responsible" Republicans like Lindsey Graham & John McCain who have supposedly distanced themselves from Grover Norquist. My column is kind of a rehash of what we've been saying on Reality Chex, with a little from Marvin Schwalb, a little from Akhilleus, etc.

Robert Pear of the New York Times on the conflicting positions of various parties to the deficit reduction talks. "Mr. Obama and some Democrats in Congress say they are willing to squeeze savings from Medicare by trimming payments to drug companies, hospitals and other health care providers. They have generally ruled out structural changes that would increase costs for a typical beneficiary." CW: let's hope that's right. ...

... Igor Volsky of Think Progress: "... while the GOP's rhetorical shift [on raising tax revenues] represents a break from their dogged opposition to revenue increases during previous budget negotiations, their public 'concessions' closely mirror the kind of policies voters overwhelmingly rejected: tax reform that does not increase marginal tax rates on the richest Americans, but includes eliminating tax loopholes and steep entitlement cuts that closely mirror the policies included in Rep. Paul Ryan's (R-WI) budget.... The pitch is very similar to the plan presented by Romney, which was supposed to boost growth while lowering taxes and making up the revenue from closing loopholes...." ...

... Steve Benen: "... on the one hand, Republicans would get the tax rates they want. On the other hand, Republicans would also get the entitlement changes they want. And because Grover Norquist doesn't like it, this is considered the reasonable GOP offer. Democrats, after a very successful election cycle, are being asked to accept a deal in which Dems concede on tax rates, concede on entitlements, and accept the reward of Romney's revenue plan? This is what passes for bipartisan compromise in late 2012?" ...

... Leigh Ann Caldwell of CBS News: "White House spokesman Jay Carney said [Monday] that Social Security is one entitlement program that should be addressed on a 'separate track.' ... It's a similar position taken by Sen. Richard Durbin, D-Ill, the number two Democrat in the Senate, on Sunday.... But Republicans have insisted that reforming entitlement programs, including Social Security, which constitute more than one-third of federal spending, must be part of the equation...." ...

... BUT, if we're to believe David Plouffe, we're also going to have to assume that President Obama dismisses Keynesian economic theory. Zeke Miller of BuzzFeed: "Obama senior adviser David Plouffe ... [says] President Barack Obama is committed to achieving the elusive 'big deal' on taxes and spending he and Speaker of the House John Boehner have tried to strike for more than 18 months." ...

... Peter Baker of the New York Times (Nov. 27 @ 6:09 am): "Mr. Obama will meet with carefully selected small business owners, middle-class taxpayers and corporate leaders over the next couple days, then fly to Pennsylvania on Friday to tour a toy manufacturer that he argues will be hurt if automatic tax increases take effect at the end of the year." ...

     ... More from Ken Thomas of the AP on Obama's PR tour. ...

... CW: last week I linked to a story that mentioned a proposed "tax bubble" that -- by removing the marginal tax system -- would hit the moderately wealthy but not the super rich. Frankly, I don't see this as a real problem because I can't imagine even this Congress would be stupid enough to enact such a tax structure. Nate Silver explains how it would work in detail (with charts!). "It is hard to see the economic rationale for creating a bubble in the middle of the tax code." ...

     ... Dean Baker follows up on Silver's post. And Baker nails Republicans for their hypocrisy on proposing this plan: "The Republicans had highlighted the fate of small business owners who they like to call 'job creators.' This policy would imply a higher tax rate on the vast majority of the job creators, while leaving the very rich little affected.... This proposal would seem to imply that the Republicans were willing to nail the job creators to benefit the very wealthy." CW: Who could have guessed all that talk about helping "job creators" was a ruse? ...

... David Corn of Mother Jones tells the story of what really happened in the Bush tax-cuts showdown of 2010. CW: Corn is right: Obama got more out of the Republicans than he lost even though he was in a much worse bargaining position than he is today. At the time, I ran links to a couple of stories on how the numbers actually worked out, but the narrative was always "Obama caved."

Today's Edition of Corporations Are People, My Friend

Another Reason Not to Shop at Wal-Mart. Laura Clawson of Daily Kos: "Two days after Saturday's fire at a Bangladeshi garment factory that killed at least 112 people, Walmart was neither confirming nor denying that the factory was one of its contractors.... But pictures taken after the fire showing clothes from Walmart's Faded Glory label appear to settle that question.... The Bangladeshi factory lacked enough emergency exits, and some of the 112 people ... died ... jumping out of the eight-story building.... Walmart had given the factory an 'orange' safety rating in May 2011, which means that even by Walmart's low standards, there were significant risks." In an update, Clawson writes, "Walmart is now claiming that it had severed ties with Tazreen, only to have a supplier with whom they had contracted subcontract to this factory in violation of Walmart policies, and that the supplier has been terminated." CW: allow me to remind you that the Walton family owns as much wealth as the lower 40 percent of Americans. Up with how much of this will we put?

Michael Hiltzik of the Los Angeles Times: "Hostess ... failed because the people that ran it had no idea what they were doing. Every other excuse is just an attempt by the guilty to blame someone else." An excellent, brief rundown of Hostess management's epic failures & their depraved indifference to their obligations to their employees.

Brian Montopoli of CBS News: "United Nations Ambassador Susan Rice will meet with senators on Capitol Hill Tuesday to answer questions about the Sept. 11 attack in Benghazi, Libya. CBS News has learned her appearance will include a morning meeting with Sen. John McCain, R-Ariz., who has been among her biggest critics since her initial remarks on the attack." ...

     ... UPDATE. Mark Landler & Jeremy Peters of the New York Times: "Susan E. Rice, the ambassador to the United Nations, conceded on Tuesday that she incorrectly described the attack on the American mission in Benghazi, Libya, in September as following a spontaneous protest, rather than being a terrorist attack. But she said she based her statement on the intelligence available at the time and did not intend to mislead the American public. Ms. Rice's acknowledgment, in a meeting on Capitol Hill with three Republican senators who had sharply criticized her earlier statements in a series of television interviews after the attack, seemed to do little to quell their anger." ...

      ... NEW. Charles Pierce: Graham & McCain "are a pair of cowards, with a feckless rookie in train, and they are playing dangerous games with the country's security. They hereafter should be ignored and, if Graham goes through with his threat of putting a hold on Rice's nomination, Harry Reid should move his desk out onto Constitution Avenue, and no Democrat should cooperate with this clown ever again." ...

     ... NEW: Jonathan Capehart of the Washington Post: "Instead of focusing their needed attention on the deadly security lapses at the consulate in Benghazi, McCain and crew continue their petty nitpicking of Rice's statements."

... Pierce didn't take to MoDo's advice to President Obama any more than I did. ...

... Andrew Rudalevige in the Monkey Cage on the value of schmoozing with the enemy. Also read the comment by Norm Ornstein.

... AND Pierce throws Young Douthat to the gray wolves. ...

... CW: I'm with P. D. Pepe. If had listened to Greggers instead of letting Charles Pierce do it for me, there would be a stylish pump sticking out of my busted teevee. The American tragedy is that millions of Americans don't understand that that Greggers' Gang are nothing but shills for the suits in the suites upstairs.

Voter Suppression

Dara Kam & John Lantigua of the Palm Beach Post: "A new Florida law that contributed to long voter lines and caused some to abandon voting altogether was intentionally designed by Florida GOP staff and consultants to inhibit Democratic voters, former GOP officials and current GOP consultants have told The Palm Beach Post.... Former GOP chairman [Jim Greer] and former Gov. Charlie Crist, both of whom have been ousted from the party, now say that fraud concerns were advanced only as subterfuge for the law's main purpose: GOP victory." ...

... Charles Pierce: "OK, Eric Holder, it's time.... Ball's in your court."

Right Wing World

Bruce Bartlett's confessions of a reformed supply-sider is getting a lot of attention & is an interesting read, particularly because of his claims about the right's reactions to his "evolution." ...

... Krugman gives him kudos.

CW: In case you think Republicans aren't really racists but just exploit the racism of their despicable constituents, Jamelle Bouie of American Prospect highlights a piece by David Brooks' favorite "conservative intellectual" Charles Murray. Murray "reasons" that Asian-Americans are all alike & blacks & Latinos don't have desirable values.

Evan McMorris-Santoro of TPM: Birther-in-Chief "Donald Trump says the Republican Party needs to be more appealing to minorities if it wants to survive into the future." CW: to my great surprise, the Donald blamed the negative tone on Mitt Romney & took no responsibility for his own racist antics. ...

... Jamelle Bouie: "... in case you've forgotten, this is the same Donald Trump whose demagoguery compelled President Obama to reveal his birth certificate in a press conference, and who offered to give $5 million to charity if Obama would release his college transcripts and prove that he is 'qualified' (read: not an affirmative-action beneficiary) to be president."

News Ledes

New York Times: "With public pressure mounting, President Mohamed Morsi appeared to pull back Monday from his attempt to assert an authority beyond the reach of any court. His allies in the Muslim Brotherhood canceled plans for a large demonstration in his support, signaling a chance to calm an escalating battle that has paralyzed a divided nation." CW: hmm. The headline in this Guardian liveblog is "Morsi refuses to back down." ...

     ... Washington Post Update: "Egyptian opposition forces rallied across the country Tuesday in the biggest show of dissent against the country's first democratically elected leader since he precipitated a political crisis last week with an apparent bid to assume near-absolute power."

Reuters: "New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates."

New York Times: "Finance ministers from the euro zone and the International Monetary Fund patched up their differences over a bailout for Greece early Tuesday with a spate of measures bringing closer the release of long-delayed emergency aid. The parties reached the deal after their third meeting in three weeks aimed at finding alternative ways of giving Greece relief in light of opposition by creditors like Germany and the Netherlands to so-called haircuts that would involve forgiving some Greek debt."

New York Times: "Two of the most senior figures at the British Broadcasting Corporation said on Tuesday that there had been 'basic' and 'elementary' failures of the organization's journalism when it wrongly implicated a former Conservative Party politician in sexual abuse, compounding a scandal that cost the BBC's director general his job and plunged the organization deeper into crisis."

Guardian: "Europe's debt crisis remains a far bigger threat to the world's economy than the 'fiscal cliff', according to the Organisation for Economic Co-operation and Development (OECD). In its latest report the economic think tank says an escalation in the ongoing European crisis could drag Europe into a deep recession in the next two years and the US along with it."

Reuters: "Online sales jumped on Cyber Monday, sending e-commerce retailers' shares higher and suggesting strong growth from earlier in the holiday shopping season is continuing for now. Sales on eBay Inc's online marketplace were particularly strong and Amazon.com Inc continued its rapid holiday shopping season growth, according to early Cyber Monday data...."

Reuters: "Forensic experts took samples from Yasser Arafat's buried corpse in the West Bank on Tuesday, trying to determine if he was murdered by Israeli agents using the hard-to-trace radioactive poison, Polonium."