Mercury Rising 鳯女

Politics, life, and other things that matter

Archive for August, 2011

Posted by Charles II on August 22, 2011

The New Yorker has a profile of Clarence Thomas and how his conservative “leadership” will declare unconstitutional the Obama healthcare plan– deepening the crisis into which the costs of health insurance are plunging America.

Now, I am very skeptical of Thomas’ supposed brilliance. His career is replete with favors by patrons and ethically questionable dealings. What his opinions may well reflect is the best law clerks–or research by right-wing think tanks– that money can buy. But the man did get through Yale law school. He is not stupid. And when one combines the power of money, a cramped but adequate intellect, a lack of principles, and unquenchable bitterness, one gets what Jeffrey Toobin describes (via t/o):

In several of the most important areas of constitutional law, Thomas has emerged as an intellectual leader of the Supreme Court. Since the arrival of Chief Justice John G. Roberts, Jr., in 2005, and Justice Samuel A. Alito, Jr., in 2006, the Court has moved to the right when it comes to the free-speech rights of corporations, the rights of gun owners, and, potentially, the powers of the federal government; in each of these areas, the majority has followed where Thomas has been leading for a decade or more. Rarely has a Supreme Court Justice enjoyed such broad or significant vindication.

The conventional view of Thomas takes his lack of participation at oral argument as a kind of metaphor. The silent Justice is said to be an intellectual nonentity, a cipher for his similarly conservative colleague, Antonin Scalia. But those who follow the Court closely find this stereotype wrong in every particular. Thomas has long been a favorite of conservatives, but they admire the Justice for how he gives voice to their cause, not just because he votes their way. “Of the nine Justices presently on the Court, he is the one whose opinions I enjoy reading the most,” Steve Calabresi, a professor at the Northwestern University School of Law and a co-founder of the Federalist Society, said. “They are very scholarly, with lots of historical sources, and his views are the most principled, even among the conservatives. He has staked out some bold positions, and then the Court has set out and moved in his direction.”

The article includes some repellent hagiography, describing Thomas’ constitutional fundamentalism as humility (!), for example. And yet, this admirable humility before a document written by wealthy, unenslaved men to govern much poorer men, women, and slaves becomes a contempt for precedent when dealing with prior Court rulings. Indeed, Thomas imagines what original intent must have been, going so far as to use a survey of child-rearing in the 18th century to support a ban of video games. In a challenge to the Brady gun bill, the plaintiffs had not based their argument on the Second Amendment, so Thomas invented their argument for them!

And as to how it affects the healthcare law. Thomas’ wife, Ginni, is a movement activist. It is not credible that Thomas himself is not, but he pretends to be an impartial judge. And so we are left to imagine what Thomas and the other activist judges will do with the following:

the Supreme Court will almost certainly agree to review the case this fall, with a decision expected by June of next year.

Four more circuit courts of appeals are slated to weigh in on the constitutionality of the health-care law. In due course, the Justices will have their turn. I asked [Virginia Attorney General and global warming denier Ken] Cuccinelli what role Thomas might play in the resolution of the health-care case. “I don’t like to make predictions,” he told me. “But I know I’ve got his vote.”

Posted in corruption, Supreme Court | 4 Comments »

U(nlimited) S(cams) A(pproved)! USA! USA!

Posted by Charles II on August 22, 2011

The limited government crowd should spend some time over these stories:

Peter Gorenstein, Daily Ticker, on a story by Tom McGinty and Carrick Mollencamp that appeared in the WSJ:

The story is about growing scandal in the banking industry centered around banks allegedly overcharging pension funds for currency transactions.

“Attorneys general in Virginia and Florida filed civil suits against BNY Mellon alleging that the bank cheated pension funds in those states by choosing improper prices for currency trades the bank processed for the funds,” …

In addition to Virginia and Florida, California and Tennessee are also suing BNY Mellon and State Street Corp. over the alleged fraud.

Markopolos says BNY Mellon and State Street we’re taking about “three tenths of a percent from every forex transaction for pension funds” by back-timing the trade to benefit banks at the detriment of their pension fund clients.

Henry Blodget at DailyTicker, on a story provided by Business Insider (no link):

We’ve included highlights of Harrington’s story below. Here are some key points:

* Moody’s ratings often do not reflect its analysts’ private conclusions. Instead, rating committees privately conclude that certain securities deserve certain ratings–and then vote with management to give the securities the higher ratings that issuer clients want.

* Moody’s management and “compliance” officers do everything possible to make issuer clients happy–and they view analysts who do not do the same as “troublesome.” Management employs a variety of tactics to transform these troublesome analysts into “pliant corporate citizens” who have Moody’s best interests at heart.

* Moody’s product managers participate in–and vote on–ratings decisions. These product managers are the same people who are directly responsible for keeping clients happy and growing Moody’s business.

* At least one senior executive lied under oath at the hearings into rating agency conduct. Another executive, who Harrington says exemplified management’s emphasis on giving issuers what they wanted, skipped the hearings altogether.

Harrington’s comments to the SEC are here. He would have done better to lay off the snark, but I am grateful that people willing to tell the inside story do come forward.

For those with the patience to read it, it shows the fundamental flaw in corporations that government to some degrees does not have: in corporations, all functions ultimately report to the President/CEO. Therefore, if the President/CEO is corrupt, the whole company is corrupt. Furthermore, the only enduring guiding principle of a corporation is delivering profit to shareholders. Following the law or even common sense is optional.

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Posted in capitalism as cancer, corporatists, corruption, financial crisis | Comments Off

But who cares, as long as we have cheap gas, eh?

Posted by Charles II on August 21, 2011

Kit Gillet, The Guardian

Sitting amid buckets of rice in the market, Nguyen Thi Lim Lien issues a warning she desperately hopes the world will hear: climate change is turning the rivers of the Mekong Delta salty.

“The government tells us that there are three grams of salt per litre of fresh water in the rivers now,” she says.

The vast, humid expanse of the delta is home to more than 17 million people…

Vietnam is listed by the World Bank among the countries most threatened by rising waters brought about by higher global temperatures, with only the Bahamas more vulnerable to a one-metre rise in sea levels. Such a rise could leave a third of the Mekong Delta underwater and lead to mass internal migration and devastation in a region that produces nearly half of Vietnam’s rice.

“If there was a one-metre rise, we estimate 40% of the delta will be submerged,” says Tran Thuc, director general of the Vietnam Institute of Meteorology, Hydrology and Environment. “There is also the threat of cyclones and storms linked to climate change…..”

Posted in climate change, farming | Comments Off

Say “hi” to Maplight

Posted by Charles II on August 21, 2011

I’ve added Maplight to the blogroll. It is a database that exposes how money flows into politics to influence congressional votes.

Posted in Uncategorized | 1 Comment »

DC Park Police’s Unusually Harsh Treatment Of Protesters: On Obama’s Orders?

Posted by Phoenix Woman on August 21, 2011

Last week, Jane Hamsher pointed out how utterly unusual it was for Dan Choi to be facing Federal charges for nonviolent White House protests. The official excuse is that it’s because Choi was arrested three times, but there are scads of people out there who have been arrested far more often (Daniel Ellsberg alone has logged over 80 arrests at the White House) who have never received more than a fine, a ticket, and a couple of hours downtown while their cases were processed. Jane went out of her way to list fifteen examples from the past six years — a period including the hyper-paranoid time of the Bush Administration, when the War on Terror was used as an excuse to trample citizens’ rights and hinder freedom of assembly — where protesters were essentially let off with a fine and a ticket.

Now, we see this selective treatment has now been extended to environmental protesters trying to save humanity from runaway, unstoppable climate instability that makes growing crops (which need a predictable growing season) difficult if not outright impossible:

Two banners were held. One said “Climate Change is Not in Our Interest” and the other said “We Sit-In Against the XL Pipeline.” One long row of people stood along the fence. Two short rows sat on the ground in front of the long row.

It didn’t take long for the police to give the obligatory three warnings to protesters and signal that those still along the fence were under arrest. One by one they were put into police vehicles and taken to the Anacostia Station in DC to be processed. The activists were charged with “failure to obey a lawful order.”

In jail, the activists expected to be processed and out of jail quickly. Tar Sands Action asserts in “multiple phone calls and in person meeting” US Park Police told protest organizers protest participants would be able to pay a $100 fine and be released the same day. But, the US Park Police went back on what they said and made a calculated decision to hold the activists for 48 hours. The Park Police told Tar Sands Action organizers jail time was given to deter future participants from engaging in civil disobedience.

Tar Sands Action reacted in a press statement, “While the escalated response from the police came as a surprise for organizers behind the protest, they assured the police that the night in jail was not a deterrent for future participants. At a church in Columbia Heights this evening, over 50 more participants from across the country prepared to take part in Sunday morning’s sit-in.”

Why the vast difference in treatment between Dan Choi and the Tar Sands Action protesters, and the vast majority of all other White House protesters during the last few decades? As Jane’s list shows, it’s not a blanket decision to get tough on all protesters — persons protesting as recently as July 27 were arrested and almost immediately released.

Why, indeed? Orders from On High? It’s the only explanation that fits all the known facts.

Posted in Uncategorized | Tagged: , , , , , , , | Comments Off

Dozens Jailed For Days In White House Tar Sands Protest

Posted by Phoenix Woman on August 20, 2011

From http://twitpic.com/690sbo (photo by @josh_nelson)

As mentioned earlier today, Jane Hamsher, Bill McKibben, Dan Choi, John “Scarecrow” Chandley, and several others were jailed today during the Tar Sands Action protest at the White House. The intention, which goes against previous arrest precedents which typically involve getting a ticket and a citation, is to keep them jailed through the weekend, apparently as a way to intimidate others.

Jane’s having none of that. In a message she relayed from jail, she says the following:

Central Booking, Washington DC – The President promised in 2008 that when he was elected the earth would begin to heal. Instead, he allowed 65 environmentalists to be arrested and held for two days on a charge that’s equivalent to a traffic ticket, in order to deter others from following our example.

I hope that people across the country will see through their ploy and be inspired by how many of us have backed up our beliefs with our bodies. People from all over the United States and Canada are on their way here right now to join us. Take a stand for what you believe in! Come join the Tar Sands Action!

Jane was released after a few hours, along with some other DC residents, but over fifty of the nearly seventy people arrested are still in jail and will be until Monday if not longer.

Land of the Free?

By the way, this massive and heavy-handed overreaction to the protests isn’t exactly squelching opposition:

If only the protesters had shown up with $15,000 checks in hand,
they would have been considered grassroots supporters and been left alone.

[...]

And now I’m going to make a modest contribution to FDL.

Thank you, Jane, Scarecrow, Lt. Choi and all of you.

[...]

Jane and all, thanks for your activism. Electrons don’t mean shit. Bodies count.

Became a paying member-firebagger a few days ago. FDL got Obama’s campaign contribution instead.

[...]

something coming in the mail Tues or WEd.(((Jane)))) (((Crow)))

A number of people noted the similarities between this situation and the one that inspired Dr. Martin Luther King’s “Letter from a Birmingham Jail”. The irony is especially sharp as next week will see the dedication of the MLK statue in DC.

Posted in abuse of power | Tagged: , , , , , , | 5 Comments »

Jane Hamsher, Bill McKibben And Others Arrested At White House Tar Sands Protest

Posted by Phoenix Woman on August 20, 2011

Jane Arrested at the White House Tar Sands Protest (photo by @josh_nelson)

Jane Hamsher, Dan Choi, and Bill McKibben were continuing their ongoing Powershift action “What To Do When The President Is Not That Into You” by taking part in the Tar Sands protest in front of the White House this morning.

Jane was livestreaming the event and attempting to live-tweet it as well, but those plans were interrupted by the mass arrests of her, Bill McKibben, and several other participants.

More as we know it.

Posted in Uncategorized | Tagged: , , , , , , | 9 Comments »

Hacking update

Posted by Charles II on August 19, 2011

Not much news, but a little.

Lisa O’Carroll, The Guardian:

Glenn Mulcaire, the private investigator at the centre of the News of the World phone hacking, has been ordered by a court to reveal who instructed him to access the voicemails of model Elle MacPherson and five other public figures including Lib Dem deputy leader Simon Hughes.

Emily Bell, The Guardian:

The news that the News of the World’s former Hollywood reporter James Desborough is the latest person to be arrest in the hacking case, raises the possibility that transgressions happened in the US too.

Posted in Media machine, Rupert Murdoch | 2 Comments »

History will regard this one deed favorably

Posted by Charles II on August 19, 2011

Pro Publica has issued an important article assessing the economy (via Ritholtz). One of the most important things it does is explain what happened with the stimulus money:

The Recovery Act as passed was estimated to cost about $787 billion. More than a third of that was tax cuts, and another third was entitlements, such as unemployment benefits and Medicaid assistance. Of the $275 billion in spending by federal agencies, less than $200 billion was dedicated to projects.

The projected cost of the Recovery Act is now $830 billion, largely because of the qualification of more people qualifying for entitlements and the popularity of some tax credits.

As we criticize Obama for other things, it’s important to remember that no Republican would have done this, and we certainly would have had a second Great Depression. He could have done more. He should have done more. But what he did saved this country.

The projects that were built are particularly interesting. Here’s a screen shot just to give a flavor.

____________________________________________________

Posted in economy | 8 Comments »

Friday Cat Blogging

Posted by MEC on August 19, 2011

“This is where you keep the treats, yes?”

Posted in Alexander the Great, Friday Cat Blogging | 3 Comments »