A big version of the biggest, most important chart in American politics
Saturday, August 25, 2012
What the New Atheists Don’t See
This sloppiness and lack of intellectual scruple, with the assumption of certainty where there is none, combined with adolescent shrillness and intolerance, reach an apogee in Sam Harris’s book The End of Faith. It is not easy to do justice to the book’s nastiness; it makes Dawkins’s claim that religious education constitutes child abuse look sane and moderate.
Harris tells us, for example, that “we must find our way to a time when faith, without evidence, disgraces anyone who would claim it.” I am puzzled by the status of the compulsion. It becomes even more sinister when considered in conjunction with the following sentences, quite possibly the most disgraceful that I have read in a book by a man posing as a rationalist: “The link between belief and behavior raises the stakes considerably. Some propositions are so dangerous that it may be ethical to kill people for believing them.”...
This sloppiness and lack of intellectual scruple, with the assumption of certainty where there is none, combined with adolescent shrillness and intolerance, reach an apogee in Sam Harris’s book The End of Faith. It is not easy to do justice to the book’s nastiness; it makes Dawkins’s claim that religious education constitutes child abuse look sane and moderate.
Harris tells us, for example, that “we must find our way to a time when faith, without evidence, disgraces anyone who would claim it.” I am puzzled by the status of the compulsion. It becomes even more sinister when considered in conjunction with the following sentences, quite possibly the most disgraceful that I have read in a book by a man posing as a rationalist: “The link between belief and behavior raises the stakes considerably. Some propositions are so dangerous that it may be ethical to kill people for believing them.”...
If we are to cope with climate change we need a new moral order
...Underlying all this confusion is the problem that we don't have a way of ranking rationalities, so that the word means something more to a moral agent than it does to an economist. There may be ways of fixing that and averting catastrophic global warming that don't make use of religious resources, but I can't think of any.
It's important to this argument to understand that religious resources need not be theistic. All they need do is make manifest a higher rationality than self-interest. This isn't an argument about whether God exists, but about how human beings make up their minds and form their characters. Atheist states based around myth and ritual are not hard to find. Social Democratic Sweden struck me even at the time as a theocracy organised around the worship of itself, and the official ideology was atheist. That's a benevolent example but there are plenty of malevolent atheist regimes that could serve as unpleasant examples. One of the most chilling aspects to accounts of life in North Korea is the degree to which official propaganda appeals to altruism and bravery.
What religious thought – and ritual – can supply is the two things absent from normative consumer liberalism. The first is a belief that the choice between ends is not arbitrary or wholly personal: that there are moral facts of the matter; that saving as much of humanity as possible is an obligation on all of us, and that this is actually true, and not just a matter of preference.
The second is the kind of conformism, reinforced by all kinds of social ritual, large and small, which will enforce the social discipline needed to carry societies through some pretty ghastly changes. Let's face it, any adjustment to an ecologically sustainable standard of living is going to be a lot nastier than anything Greece is going through now. It will need considerable determination and solidarity....
...Underlying all this confusion is the problem that we don't have a way of ranking rationalities, so that the word means something more to a moral agent than it does to an economist. There may be ways of fixing that and averting catastrophic global warming that don't make use of religious resources, but I can't think of any.
It's important to this argument to understand that religious resources need not be theistic. All they need do is make manifest a higher rationality than self-interest. This isn't an argument about whether God exists, but about how human beings make up their minds and form their characters. Atheist states based around myth and ritual are not hard to find. Social Democratic Sweden struck me even at the time as a theocracy organised around the worship of itself, and the official ideology was atheist. That's a benevolent example but there are plenty of malevolent atheist regimes that could serve as unpleasant examples. One of the most chilling aspects to accounts of life in North Korea is the degree to which official propaganda appeals to altruism and bravery.
What religious thought – and ritual – can supply is the two things absent from normative consumer liberalism. The first is a belief that the choice between ends is not arbitrary or wholly personal: that there are moral facts of the matter; that saving as much of humanity as possible is an obligation on all of us, and that this is actually true, and not just a matter of preference.
The second is the kind of conformism, reinforced by all kinds of social ritual, large and small, which will enforce the social discipline needed to carry societies through some pretty ghastly changes. Let's face it, any adjustment to an ecologically sustainable standard of living is going to be a lot nastier than anything Greece is going through now. It will need considerable determination and solidarity....
Apocalypse Not: Here’s Why You Shouldn’t Worry About End Times
...Predictions of global famine and the end of oil in the 1970s proved just as wrong as end-of-the-world forecasts from millennialist priests. Yet there is no sign that experts are becoming more cautious about apocalyptic promises. If anything, the rhetoric has ramped up in recent years. Echoing the Mayan calendar folk, the Bulletin of the Atomic Scientists moved its Doomsday Clock one minute closer to midnight at the start of 2012, commenting: “The global community may be near a point of no return in efforts to prevent catastrophe from changes in Earth’s atmosphere.”
Over the five decades since the success of Rachel Carson’s Silent Spring in 1962 and the four decades since the success of the Club of Rome’s The Limits to Growth in 1972, prophecies of doom on a colossal scale have become routine. Indeed, we seem to crave ever-more-frightening predictions—we are now, in writer Gary Alexander’s word, apocaholic. The past half century has brought us warnings of population explosions, global famines, plagues, water wars, oil exhaustion, mineral shortages, falling sperm counts, thinning ozone, acidifying rain, nuclear winters, Y2K bugs, mad cow epidemics, killer bees, sex-change fish, cell-phone-induced brain-cancer epidemics, and climate catastrophes....
...Conventional wisdom has it that this fate was averted by prompt legislative action to reduce sulphur dioxide emissions from power plants. That account is largely false. There was no net loss of forest in the 1980s to reverse. In the US, a 10-year government-sponsored study involving some 700 scientists and costing about $500 million reported in 1990 that “there is no evidence of a general or unusual decline of forests in the United States and Canada due to acid rain” and “there is no case of forest decline in which acidic deposition is known to be a predominant cause.” In Germany, Heinrich Spiecker, director of the Institute for Forest Growth, was commissioned by a Finnish forestry organization to assess the health of European forests. He concluded that they were growing faster and healthier than ever and had been improving throughout the 1980s. “Since we began measuring the forest more than 100 years ago, there’s never been a higher volume of wood … than there is now,” Spiecker said. (Ironically, one of the chief ingredients of acid rain—nitrogen oxide—breaks down naturally to become nitrate, a fertilizer for trees.) As for lakes, it turned out that their rising acidity was likely caused more by reforestation than by acid rain; one study suggested that the correlation between acidity in rainwater and the pH in the lakes was very low. The story of acid rain is not of catastrophe averted but of a minor environmental nuisance somewhat abated....
...There was an international agreement to cease using CFCs by 1996. But the predicted recovery of the ozone layer never happened: The hole stopped growing before the ban took effect, then failed to shrink afterward. The ozone hole still grows every Antarctic spring, to roughly the same extent each year. Nobody quite knows why. Some scientists think it is simply taking longer than expected for the chemicals to disintegrate; a few believe that the cause of the hole was misdiagnosed in the first place. Either way, the ozone hole cannot yet be claimed as a looming catastrophe, let alone one averted by political action....
...So, should we worry or not about the warming climate? It is far too binary a question. The lesson of failed past predictions of ecological apocalypse is not that nothing was happening but that the middle-ground possibilities were too frequently excluded from consideration. In the climate debate, we hear a lot from those who think disaster is inexorable if not inevitable, and a lot from those who think it is all a hoax. We hardly ever allow the moderate “lukewarmers” a voice: those who suspect that the net positive feedbacks from water vapor in the atmosphere are low, so that we face only 1 to 2 degrees Celsius of warming this century; that the Greenland ice sheet may melt but no faster than its current rate of less than 1 percent per century; that net increases in rainfall (and carbon dioxide concentration) may improve agricultural productivity; that ecosystems have survived sudden temperature lurches before; and that adaptation to gradual change may be both cheaper and less ecologically damaging than a rapid and brutal decision to give up fossil fuels cold turkey....
...Predictions of global famine and the end of oil in the 1970s proved just as wrong as end-of-the-world forecasts from millennialist priests. Yet there is no sign that experts are becoming more cautious about apocalyptic promises. If anything, the rhetoric has ramped up in recent years. Echoing the Mayan calendar folk, the Bulletin of the Atomic Scientists moved its Doomsday Clock one minute closer to midnight at the start of 2012, commenting: “The global community may be near a point of no return in efforts to prevent catastrophe from changes in Earth’s atmosphere.”
Over the five decades since the success of Rachel Carson’s Silent Spring in 1962 and the four decades since the success of the Club of Rome’s The Limits to Growth in 1972, prophecies of doom on a colossal scale have become routine. Indeed, we seem to crave ever-more-frightening predictions—we are now, in writer Gary Alexander’s word, apocaholic. The past half century has brought us warnings of population explosions, global famines, plagues, water wars, oil exhaustion, mineral shortages, falling sperm counts, thinning ozone, acidifying rain, nuclear winters, Y2K bugs, mad cow epidemics, killer bees, sex-change fish, cell-phone-induced brain-cancer epidemics, and climate catastrophes....
...Conventional wisdom has it that this fate was averted by prompt legislative action to reduce sulphur dioxide emissions from power plants. That account is largely false. There was no net loss of forest in the 1980s to reverse. In the US, a 10-year government-sponsored study involving some 700 scientists and costing about $500 million reported in 1990 that “there is no evidence of a general or unusual decline of forests in the United States and Canada due to acid rain” and “there is no case of forest decline in which acidic deposition is known to be a predominant cause.” In Germany, Heinrich Spiecker, director of the Institute for Forest Growth, was commissioned by a Finnish forestry organization to assess the health of European forests. He concluded that they were growing faster and healthier than ever and had been improving throughout the 1980s. “Since we began measuring the forest more than 100 years ago, there’s never been a higher volume of wood … than there is now,” Spiecker said. (Ironically, one of the chief ingredients of acid rain—nitrogen oxide—breaks down naturally to become nitrate, a fertilizer for trees.) As for lakes, it turned out that their rising acidity was likely caused more by reforestation than by acid rain; one study suggested that the correlation between acidity in rainwater and the pH in the lakes was very low. The story of acid rain is not of catastrophe averted but of a minor environmental nuisance somewhat abated....
...There was an international agreement to cease using CFCs by 1996. But the predicted recovery of the ozone layer never happened: The hole stopped growing before the ban took effect, then failed to shrink afterward. The ozone hole still grows every Antarctic spring, to roughly the same extent each year. Nobody quite knows why. Some scientists think it is simply taking longer than expected for the chemicals to disintegrate; a few believe that the cause of the hole was misdiagnosed in the first place. Either way, the ozone hole cannot yet be claimed as a looming catastrophe, let alone one averted by political action....
...So, should we worry or not about the warming climate? It is far too binary a question. The lesson of failed past predictions of ecological apocalypse is not that nothing was happening but that the middle-ground possibilities were too frequently excluded from consideration. In the climate debate, we hear a lot from those who think disaster is inexorable if not inevitable, and a lot from those who think it is all a hoax. We hardly ever allow the moderate “lukewarmers” a voice: those who suspect that the net positive feedbacks from water vapor in the atmosphere are low, so that we face only 1 to 2 degrees Celsius of warming this century; that the Greenland ice sheet may melt but no faster than its current rate of less than 1 percent per century; that net increases in rainfall (and carbon dioxide concentration) may improve agricultural productivity; that ecosystems have survived sudden temperature lurches before; and that adaptation to gradual change may be both cheaper and less ecologically damaging than a rapid and brutal decision to give up fossil fuels cold turkey....
Sunday, August 19, 2012
How I became George Obama's 'brother'
A few days ago I received a call from a man I recently met named George. He was a bit flustered, and soon informed me that his young son was sick with a chest condition. He pleaded with me to send him $1,000 to cover the medical bills. Since George was at the hospital I asked him to let me speak to a nurse, and she confirmed that George’s son was indeed ill. So I agreed to send George the money through Western Union. He was profusely grateful. But before I hung up I asked George, “Why are you coming to me?” He said, “I have no one else to ask.” Then he said something that astounded me, “Dinesh, you are like a brother to me.”
Actually, George has a real life brother who just happens to be the president of the United States. (George Obama is the youngest of eight children sired by Barack Obama Sr.) George’s brother is a multimillionaire and the most powerful man in the world. Moreover, George’s brother has framed his re-election campaign around the “fair share” theme that we owe obligations to those who are less fortunate.
One of Obama’s favorite phrases comes right out of the Bible: “We are our brother’s keeper.” Yet he has not contributed a penny to help his own brother. And evidently George does not believe, even in times of emergency, that he can turn to his brother in the White House for help.
So much for spreading the wealth around....
A few days ago I received a call from a man I recently met named George. He was a bit flustered, and soon informed me that his young son was sick with a chest condition. He pleaded with me to send him $1,000 to cover the medical bills. Since George was at the hospital I asked him to let me speak to a nurse, and she confirmed that George’s son was indeed ill. So I agreed to send George the money through Western Union. He was profusely grateful. But before I hung up I asked George, “Why are you coming to me?” He said, “I have no one else to ask.” Then he said something that astounded me, “Dinesh, you are like a brother to me.”
Actually, George has a real life brother who just happens to be the president of the United States. (George Obama is the youngest of eight children sired by Barack Obama Sr.) George’s brother is a multimillionaire and the most powerful man in the world. Moreover, George’s brother has framed his re-election campaign around the “fair share” theme that we owe obligations to those who are less fortunate.
One of Obama’s favorite phrases comes right out of the Bible: “We are our brother’s keeper.” Yet he has not contributed a penny to help his own brother. And evidently George does not believe, even in times of emergency, that he can turn to his brother in the White House for help.
So much for spreading the wealth around....
Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions
Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.
The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.
The internal government emails contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that the administration misled lawmakers and the courts about the sequence of events surrounding the termination of those non-union pensions, and that administration figures violated federal law....
Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.
The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.
The internal government emails contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that the administration misled lawmakers and the courts about the sequence of events surrounding the termination of those non-union pensions, and that administration figures violated federal law....
Terrorism by Any Reasonable Definition
...Yet as it so happens historical facts make the case for dropping the bombs in 1945 even weaker. For one thing, the supposed half-million or so American lives saved are a post-war fabrication. The government’s estimates before the bombings indicated that fewer than 50,000 Americans might die in an invasion. Second, the virtually unprecedented demand for unconditional surrender prolonged the war. Earlier in the year, the Japanese demonstrated a willingness to surrender but they did not want to give up their emperor. In the end, the U.S. let them keep their emperor anyway. Third, many of America’s top brass condemned the atomic bombings, including Admiral William Leahy, General Dwight Eisenhower, General Douglas MacArthur, and many others. Fourth, in 1946 the U.S. Strategic Bombing Survey determined the atomic bombings were basically extraneous to winning the war. The Japanese were already defeated, blockaded, starving, and neutralized.
Even after the bombing of Nagasaki and the emperor said he would surrender, the U.S. firebombed Tokyo on August 14 with a thousand-plane bombing mission. Was this last mass killing necessary? We rarely hear about it at all, perhaps because it throws into question the entire morality of U.S. strategic bombing in the Pacific War....
...Yet as it so happens historical facts make the case for dropping the bombs in 1945 even weaker. For one thing, the supposed half-million or so American lives saved are a post-war fabrication. The government’s estimates before the bombings indicated that fewer than 50,000 Americans might die in an invasion. Second, the virtually unprecedented demand for unconditional surrender prolonged the war. Earlier in the year, the Japanese demonstrated a willingness to surrender but they did not want to give up their emperor. In the end, the U.S. let them keep their emperor anyway. Third, many of America’s top brass condemned the atomic bombings, including Admiral William Leahy, General Dwight Eisenhower, General Douglas MacArthur, and many others. Fourth, in 1946 the U.S. Strategic Bombing Survey determined the atomic bombings were basically extraneous to winning the war. The Japanese were already defeated, blockaded, starving, and neutralized.
Even after the bombing of Nagasaki and the emperor said he would surrender, the U.S. firebombed Tokyo on August 14 with a thousand-plane bombing mission. Was this last mass killing necessary? We rarely hear about it at all, perhaps because it throws into question the entire morality of U.S. strategic bombing in the Pacific War....
Justice in Tenaha and the Current State of Texas Forfeiture Law
…it is estimated police seized $3 million between 2006 and 2008 in at least 140 cases. Police officers routinely pulled over motorists in the vicinity of Tenaha without any legal justification, asked if they were carrying cash and, if they were, ordered them to sign over the cash to the city or face charges of money laundering or other serious crimes.
Almost all of the stops involved Black and Latino drivers. None of the plaintiffs in the case were ever arrested or charged with a crime. The seized assets were used to enrich the defendants’ offices and themselves....
...Authorities in a Texas town under investigation for allegedly shaking down motorists for their cash sometimes used the travelers’ children as bargaining chips in their attempt to seize money, records show…
“They basically said, ‘If you all want to leave without going to jail tonight and take your kids with you, then you’ll sign over your money right now,’” Jennifer Boatright, a Houston mother of two, said in an interview describing her encounter with local officials…
The involvement of children adds another element to a case that has especially troubled critics of civil asset forfeiture laws. Those laws allow authorities to seize cash or other property if they believe it’s linked to criminal activity, even in cases where defendants aren’t found guilty.
In two of the Tenaha incidents, authorities separated a small child from one couple pulled over in a traffic stop and threatened to do the same to another, according to case documents....
...Texas law states that the proceeds of any seizures can be used only for “official purposes” of district attorney offices and “for law-enforcement purposes” by police departments. According to public records obtained by CNN using open-records laws, an account funded by property forfeitures in Russell’s office included $524 for a popcorn machine, $195 for candy for a poultry festival, and $400 for catering.
In addition, Russell donated money to the local chamber of commerce and a youth baseball league. A local Baptist church received two checks totaling $6,000.
And one check for $10,000 went to Barry Washington, a Tenaha police officer whose name has come up in several complaints by stopped motorists. The money was paid for “investigative costs,” the records state....
…it is estimated police seized $3 million between 2006 and 2008 in at least 140 cases. Police officers routinely pulled over motorists in the vicinity of Tenaha without any legal justification, asked if they were carrying cash and, if they were, ordered them to sign over the cash to the city or face charges of money laundering or other serious crimes.
Almost all of the stops involved Black and Latino drivers. None of the plaintiffs in the case were ever arrested or charged with a crime. The seized assets were used to enrich the defendants’ offices and themselves....
...Authorities in a Texas town under investigation for allegedly shaking down motorists for their cash sometimes used the travelers’ children as bargaining chips in their attempt to seize money, records show…
“They basically said, ‘If you all want to leave without going to jail tonight and take your kids with you, then you’ll sign over your money right now,’” Jennifer Boatright, a Houston mother of two, said in an interview describing her encounter with local officials…
The involvement of children adds another element to a case that has especially troubled critics of civil asset forfeiture laws. Those laws allow authorities to seize cash or other property if they believe it’s linked to criminal activity, even in cases where defendants aren’t found guilty.
In two of the Tenaha incidents, authorities separated a small child from one couple pulled over in a traffic stop and threatened to do the same to another, according to case documents....
...Texas law states that the proceeds of any seizures can be used only for “official purposes” of district attorney offices and “for law-enforcement purposes” by police departments. According to public records obtained by CNN using open-records laws, an account funded by property forfeitures in Russell’s office included $524 for a popcorn machine, $195 for candy for a poultry festival, and $400 for catering.
In addition, Russell donated money to the local chamber of commerce and a youth baseball league. A local Baptist church received two checks totaling $6,000.
And one check for $10,000 went to Barry Washington, a Tenaha police officer whose name has come up in several complaints by stopped motorists. The money was paid for “investigative costs,” the records state....
Countrywide Loans Sought Favor With Fannie Mae, Report Says
...Jim Johnson, chief executive officer of Fannie Mae from 1991 to 1998, earned $100 million during his time at the company. Nonetheless, Countrywide employees expressed concern about giving him a loan because he didn’t pay his bills regularly and had a low credit score, according to e-mails published in Issa’s report.
Because of Johnson’s credit report, “I’m concerned about signing on these loans,” Countrywide underwriter Gene Soda said in a 2005 e-mail to another Countrywide employee, according to the report.
Countrywide’s chief executive officer, Angelo Mozilo, who had a close relationship with Johnson, wrote back, instructing his employees to give Johnson a loan “1/2 below prime.”
“Don’t worry about” the credit score, Mozilo wrote. “He is constantly on the road and therefore pays his bills on an irregular basis but he ultimately pays them.” In another e-mail, Mozilo wrote, “Jim Johnson continues to be a source of many loans for our company and this is just a small token of appreciation for the business that he sends to us.”...
...Jim Johnson, chief executive officer of Fannie Mae from 1991 to 1998, earned $100 million during his time at the company. Nonetheless, Countrywide employees expressed concern about giving him a loan because he didn’t pay his bills regularly and had a low credit score, according to e-mails published in Issa’s report.
Because of Johnson’s credit report, “I’m concerned about signing on these loans,” Countrywide underwriter Gene Soda said in a 2005 e-mail to another Countrywide employee, according to the report.
Countrywide’s chief executive officer, Angelo Mozilo, who had a close relationship with Johnson, wrote back, instructing his employees to give Johnson a loan “1/2 below prime.”
“Don’t worry about” the credit score, Mozilo wrote. “He is constantly on the road and therefore pays his bills on an irregular basis but he ultimately pays them.” In another e-mail, Mozilo wrote, “Jim Johnson continues to be a source of many loans for our company and this is just a small token of appreciation for the business that he sends to us.”...
House members' VIP loans from Countrywide excluded from subpoena, report says
A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide to exclude records showing that he, other House members and congressional aides got VIP discounted loans from the company, documents show.
The procedure to keep the names secret was devised by Rep. Edolphus Towns, D-N.Y. In 2003, the 15-term congressman had two loans processed by Countrywide's VIP section, which was established to give discounts to favored borrowers.
The effort at secrecy was reversed when Towns' Republican successor as chairman of the House Oversight and Government Reform Committee, California Rep. Darrell Issa, issued a second subpoena. It yielded Countrywide records identifying four current House members, a former member and five staff aides whose loans went through the VIP unit. Towns was on the list....
A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide to exclude records showing that he, other House members and congressional aides got VIP discounted loans from the company, documents show.
The procedure to keep the names secret was devised by Rep. Edolphus Towns, D-N.Y. In 2003, the 15-term congressman had two loans processed by Countrywide's VIP section, which was established to give discounts to favored borrowers.
The effort at secrecy was reversed when Towns' Republican successor as chairman of the House Oversight and Government Reform Committee, California Rep. Darrell Issa, issued a second subpoena. It yielded Countrywide records identifying four current House members, a former member and five staff aides whose loans went through the VIP unit. Towns was on the list....
Crime scene investigation: The premeditated assault on the prime mortgage
...As early as 1991, community activist Gale Cincotta, was laying the path for undertaking such an assault in her testimony before the Senate Banking Committee. "Lenders will respond to the most conservative standards unless [Fannie Mae and Freddie Mac] are aggressive and convincing in their efforts to expand historically narrow underwriting," she stressed....
...The first was the ironically named "Federal Housing Enterprises Financial Safety and Soundness Act of 1992." At the behest of ACORN and other community advocacy groups and with the support of Fannie Mae, Congress imposed affordable housing (AH) mandates on Fannie and Freddie. HUD was established as their AH mission regulator. Within 18 months after passage of the 1992 Act, Jim Johnson. Fannie's chairman committed the company to "transforming the housing finance system" and vowed to "provide $1 trillion in targeted lending."
This was followed in 1995 by President Clinton's National Homeownership Strategy in which HUD formalized and greatly expanded a long-standing policy goal: the reduction of down payments. It asked "[l]ending institutions, secondary market investors, mortgage insurers, and other members of the partnership [to] work collaboratively to reduce homebuyer down payment requirements."
Also in 1995, the Community Reinvestment Act (CRA) regulations were revised to be more quantitative and outcome based. Banks were now measured on their use of "innovative and flexible" lending standards, and their performance was compared to market competitors. As pointed out by Fed Chairman Bernanke in 2007: "Further attention to CRA was generated by the surge in bank merger and acquisition activities that followed the enactment of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994." CRA's stick of denying a merger application was now combined with CRA's carrot of announcing a big CRA commitment to flexible lending standards to help assure merger approval. The result was trillions of dollars in CRA commitments, largely "negotiated" by community advocacy groups....
...As early as 1991, community activist Gale Cincotta, was laying the path for undertaking such an assault in her testimony before the Senate Banking Committee. "Lenders will respond to the most conservative standards unless [Fannie Mae and Freddie Mac] are aggressive and convincing in their efforts to expand historically narrow underwriting," she stressed....
...The first was the ironically named "Federal Housing Enterprises Financial Safety and Soundness Act of 1992." At the behest of ACORN and other community advocacy groups and with the support of Fannie Mae, Congress imposed affordable housing (AH) mandates on Fannie and Freddie. HUD was established as their AH mission regulator. Within 18 months after passage of the 1992 Act, Jim Johnson. Fannie's chairman committed the company to "transforming the housing finance system" and vowed to "provide $1 trillion in targeted lending."
This was followed in 1995 by President Clinton's National Homeownership Strategy in which HUD formalized and greatly expanded a long-standing policy goal: the reduction of down payments. It asked "[l]ending institutions, secondary market investors, mortgage insurers, and other members of the partnership [to] work collaboratively to reduce homebuyer down payment requirements."
Also in 1995, the Community Reinvestment Act (CRA) regulations were revised to be more quantitative and outcome based. Banks were now measured on their use of "innovative and flexible" lending standards, and their performance was compared to market competitors. As pointed out by Fed Chairman Bernanke in 2007: "Further attention to CRA was generated by the surge in bank merger and acquisition activities that followed the enactment of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994." CRA's stick of denying a merger application was now combined with CRA's carrot of announcing a big CRA commitment to flexible lending standards to help assure merger approval. The result was trillions of dollars in CRA commitments, largely "negotiated" by community advocacy groups....
GM Ramps Up Risky Subprime Auto Loans To Drive Sales
...The automaker is relying increasingly on subprime loans, 10-Q financial reports shows.
Potential borrowers of car loans are rated on FICO scores that range from 300 to 850. Anything under 660 is generally deemed subprime.
Subprime Key Driver
GM Financial auto loans to customers with FICO scores below 660 rose from 87% of total loans in Q4 2010 to 93% in Q1 2012.
The worse the FICO score, the bigger the increase. From Q4 2010 to Q1 2012, GM Financial loans to customers with the worst FICO scores — below 540 — shot up 79% to more than $2.3 billion. The second worst category, 540-599, rose 28% from about $3.4 billion to $4.3 billion....
Prime loans, those above 660, dropped 42% to $676 million.
General Motors Is Headed For Bankruptcy -- Again
...Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.
Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow....
...However, additional insight can be obtained by looking at how GM’s CEO, Dan Akerson (63), stacks up against Professor Doctor Martin Winterkorn (65), the man handpicked by Ferdinand Piech in 2007 to be his replacement as CEO of Volkswagen AG.
Akerson has an engineering degree, but he also has a Master’s Degree in Economics, and his first big job was as CFO of MCI. Akerson was CEO of General Instrument, and then of Nextel, and then of XO Communications, which went bankrupt in June 2002. He joined the private equity firm, the Carlyle Group, in 2003.
Akerson got his first job in the automobile industry when he was named CEO of GM in late 2010. Recently, he has been hiring and firing top GM executives at an alarming pace, and he is understood to be working on a major reorganization of the company. Akerson recently gave a televised speech to GM employees on the need for “integrity”....
...The automaker is relying increasingly on subprime loans, 10-Q financial reports shows.
Potential borrowers of car loans are rated on FICO scores that range from 300 to 850. Anything under 660 is generally deemed subprime.
Subprime Key Driver
GM Financial auto loans to customers with FICO scores below 660 rose from 87% of total loans in Q4 2010 to 93% in Q1 2012.
The worse the FICO score, the bigger the increase. From Q4 2010 to Q1 2012, GM Financial loans to customers with the worst FICO scores — below 540 — shot up 79% to more than $2.3 billion. The second worst category, 540-599, rose 28% from about $3.4 billion to $4.3 billion....
Prime loans, those above 660, dropped 42% to $676 million.
General Motors Is Headed For Bankruptcy -- Again
...Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.
Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow....
...However, additional insight can be obtained by looking at how GM’s CEO, Dan Akerson (63), stacks up against Professor Doctor Martin Winterkorn (65), the man handpicked by Ferdinand Piech in 2007 to be his replacement as CEO of Volkswagen AG.
Akerson has an engineering degree, but he also has a Master’s Degree in Economics, and his first big job was as CFO of MCI. Akerson was CEO of General Instrument, and then of Nextel, and then of XO Communications, which went bankrupt in June 2002. He joined the private equity firm, the Carlyle Group, in 2003.
Akerson got his first job in the automobile industry when he was named CEO of GM in late 2010. Recently, he has been hiring and firing top GM executives at an alarming pace, and he is understood to be working on a major reorganization of the company. Akerson recently gave a televised speech to GM employees on the need for “integrity”....
Saturday, August 11, 2012
Oddly Static Economic Analysis from Elliot Spitzer
...The Defense Department and the city of New York are among the largest purchasers of guns. If the president and the mayor truly believe that semi-automatic weapons should not be available to private purchasers, and that magazines with more than 10 bullets should not be sold over the counter, they should simply say that, from now on, the federal government and the city of New York, as a matter of public safety, will not buy any weapons or ammunition from companies that do not agree to pull semi-automatics from their stock and refuse to produce magazines with more than 10 rounds other than for sale to the government. President Obama and Mayor Bloomberg should announce that semiautomatic handguns with high-capacity magazines — the kind used in Oak Creek; Aurora, Colo.; Tucson, Ariz.; and Virginia Tech — can no longer be sold to private citizens by any company that wants to do business with the federal government and the city of New York.
The major gun manufacturers will agree to the limits imposed by their major customers.
Use the power of the government as a purchaser, as a consumer, to get the companies marketing these products to change their behavior. And do it now. Stop blaming the legislature and act, immediately....
...The Defense Department and the city of New York are among the largest purchasers of guns. If the president and the mayor truly believe that semi-automatic weapons should not be available to private purchasers, and that magazines with more than 10 bullets should not be sold over the counter, they should simply say that, from now on, the federal government and the city of New York, as a matter of public safety, will not buy any weapons or ammunition from companies that do not agree to pull semi-automatics from their stock and refuse to produce magazines with more than 10 rounds other than for sale to the government. President Obama and Mayor Bloomberg should announce that semiautomatic handguns with high-capacity magazines — the kind used in Oak Creek; Aurora, Colo.; Tucson, Ariz.; and Virginia Tech — can no longer be sold to private citizens by any company that wants to do business with the federal government and the city of New York.
The major gun manufacturers will agree to the limits imposed by their major customers.
Use the power of the government as a purchaser, as a consumer, to get the companies marketing these products to change their behavior. And do it now. Stop blaming the legislature and act, immediately....
York: When 1,099 felons vote in race won by 312 ballots
...In the '08 campaign, Republican Sen. Norm Coleman was running for re-election against Democrat Al Franken. It was impossibly close; on the morning after the election, after 2.9 million people had voted, Coleman led Franken by 725 votes.
Franken and his Democratic allies dispatched an army of lawyers to challenge the results. After the first canvass, Coleman's lead was down to 206 votes. That was followed by months of wrangling and litigation. In the end, Franken was declared the winner by 312 votes. He was sworn into office in July 2009, eight months after the election.
During the controversy a conservative group called Minnesota Majority began to look into claims of voter fraud. Comparing criminal records with voting rolls, the group identified 1,099 felons -- all ineligible to vote -- who had voted in the Franken-Coleman race.
Minnesota Majority took the information to prosecutors across the state, many of whom showed no interest in pursuing it. But Minnesota law requires authorities to investigate such leads. And so far, Fund and von Spakovsky report, 177 people have been convicted -- not just accused, but convicted -- of voting fraudulently in the Senate race. ...
...With 1,099 examples identified by Minnesota Majority, and with evidence suggesting that felons, when they do vote, strongly favor Democrats, it doesn’t require a leap to suggest there might one day be proof that Al Franken was elected on the strength of voter fraud.
And that’s just the question of voting by felons. Minnesota Majority also found all sorts of other irregularities that cast further doubt on the Senate results.
The election was particularly important because Franken’s victory gave Senate Democrats a 60th vote in favor of President Obama’s national health care proposal — the deciding vote to overcome a Republican filibuster. If Coleman had kept his seat, there would have been no 60th vote, and no Obamacare.
Voter fraud matters when contests are close. When an election is decided by a huge margin, no one can plausibly claim fraud made the difference. But the Minnesota race was excruciatingly close. And then, in the Obamacare debate, Democrats could not afford to lose even a single vote. So if there were any case that demonstrates that voter fraud both exists and has real consequences, it is Minnesota 2008....
...In the '08 campaign, Republican Sen. Norm Coleman was running for re-election against Democrat Al Franken. It was impossibly close; on the morning after the election, after 2.9 million people had voted, Coleman led Franken by 725 votes.
Franken and his Democratic allies dispatched an army of lawyers to challenge the results. After the first canvass, Coleman's lead was down to 206 votes. That was followed by months of wrangling and litigation. In the end, Franken was declared the winner by 312 votes. He was sworn into office in July 2009, eight months after the election.
During the controversy a conservative group called Minnesota Majority began to look into claims of voter fraud. Comparing criminal records with voting rolls, the group identified 1,099 felons -- all ineligible to vote -- who had voted in the Franken-Coleman race.
Minnesota Majority took the information to prosecutors across the state, many of whom showed no interest in pursuing it. But Minnesota law requires authorities to investigate such leads. And so far, Fund and von Spakovsky report, 177 people have been convicted -- not just accused, but convicted -- of voting fraudulently in the Senate race. ...
...With 1,099 examples identified by Minnesota Majority, and with evidence suggesting that felons, when they do vote, strongly favor Democrats, it doesn’t require a leap to suggest there might one day be proof that Al Franken was elected on the strength of voter fraud.
And that’s just the question of voting by felons. Minnesota Majority also found all sorts of other irregularities that cast further doubt on the Senate results.
The election was particularly important because Franken’s victory gave Senate Democrats a 60th vote in favor of President Obama’s national health care proposal — the deciding vote to overcome a Republican filibuster. If Coleman had kept his seat, there would have been no 60th vote, and no Obamacare.
Voter fraud matters when contests are close. When an election is decided by a huge margin, no one can plausibly claim fraud made the difference. But the Minnesota race was excruciatingly close. And then, in the Obamacare debate, Democrats could not afford to lose even a single vote. So if there were any case that demonstrates that voter fraud both exists and has real consequences, it is Minnesota 2008....
Sunday, August 05, 2012
The Police: Useless, but not Harmless
...In his lawsuit, Mahaffy noted Officer Hanson and his partner arrested him without conducting an investigation – which would have meant, at very least, hearing his side of the story and interviewing eyewitnesses on the scene. In its ruling dismissing thelawsuit, the U.S. District Court for Minnesota noted that Hanson and his partner “responded to a call indicating an off-duty officer needed assistance. Under such circumstances, officer safety is considered the first priority.” (Emphasis added.)
Of course, officer safety is ever and always the first – and only – priority.
Accordingly, when mere Mundanes were beaten and robbed in front of the precinct station, it was entirely appropriate for Hanson to cower behind a locked door, and then seek reinforcements to help repel persistent pleas for aid from the victims. For the same reason, when a Mundane was beaten by fellow officers as summary punishment for accidentally inflicting trivial damage on a cop’s automobile, however, the department responded in force when the assailants called for “assistance.”
By coming to the aid of his friends, Rafael Lopez acted as a peace officer – an individual who interposed himself to protect innocent people from criminal violence. Officer Hanson, who fraudulently collects a tax-funded paycheck for supposedly providing that service, was studiously indifferent to any consideration apart from his own physical safety and the institutional needs of his department. This is exactly what we should expect from a state functionary of his ilk. We should be grateful to him for offering such a compelling illustration of the fact that government police agencies are useless – but not harmless....
...Police departments exist to enforce the will of the municipal corporations that employ them. Any actual service they render with respect to the protection of person and property is incidental to that mission. Fortunately – albeit tardily – tax victims across the country are finally starting to understand this fact, as the financial burden of supporting the state’s enforcement caste becomes unbearable....
...In his lawsuit, Mahaffy noted Officer Hanson and his partner arrested him without conducting an investigation – which would have meant, at very least, hearing his side of the story and interviewing eyewitnesses on the scene. In its ruling dismissing thelawsuit, the U.S. District Court for Minnesota noted that Hanson and his partner “responded to a call indicating an off-duty officer needed assistance. Under such circumstances, officer safety is considered the first priority.” (Emphasis added.)
Of course, officer safety is ever and always the first – and only – priority.
Accordingly, when mere Mundanes were beaten and robbed in front of the precinct station, it was entirely appropriate for Hanson to cower behind a locked door, and then seek reinforcements to help repel persistent pleas for aid from the victims. For the same reason, when a Mundane was beaten by fellow officers as summary punishment for accidentally inflicting trivial damage on a cop’s automobile, however, the department responded in force when the assailants called for “assistance.”
By coming to the aid of his friends, Rafael Lopez acted as a peace officer – an individual who interposed himself to protect innocent people from criminal violence. Officer Hanson, who fraudulently collects a tax-funded paycheck for supposedly providing that service, was studiously indifferent to any consideration apart from his own physical safety and the institutional needs of his department. This is exactly what we should expect from a state functionary of his ilk. We should be grateful to him for offering such a compelling illustration of the fact that government police agencies are useless – but not harmless....
...Police departments exist to enforce the will of the municipal corporations that employ them. Any actual service they render with respect to the protection of person and property is incidental to that mission. Fortunately – albeit tardily – tax victims across the country are finally starting to understand this fact, as the financial burden of supporting the state’s enforcement caste becomes unbearable....
Catching Hell for Hiring a Muslim
...The new hire, Samar Ali, is a Tennessee native, Vanderbilt law graduate, a recent White House Fellow, a former associate attorney at Hogan Lovells and has one of the most impressive resumes of international humanitarian service I’ve ever seen.
She’s also Muslim.
As a result, several county Republican groups and a Tea Party group went berserk and began churning out petitions and resolutions calling for Ali to step down and for Haslam to receive “appropriate action.”
A couple of resolutions also condemn Haslam for allowing “open homosexuals to make policy decisions in the Department of Children’s Services.”
Apparently this small, but loud, group of local loons believe that anyone who isn’t Christian and straight shouldn’t have the opportunity to work for state government in Tennessee....
...The new hire, Samar Ali, is a Tennessee native, Vanderbilt law graduate, a recent White House Fellow, a former associate attorney at Hogan Lovells and has one of the most impressive resumes of international humanitarian service I’ve ever seen.
She’s also Muslim.
As a result, several county Republican groups and a Tea Party group went berserk and began churning out petitions and resolutions calling for Ali to step down and for Haslam to receive “appropriate action.”
A couple of resolutions also condemn Haslam for allowing “open homosexuals to make policy decisions in the Department of Children’s Services.”
Apparently this small, but loud, group of local loons believe that anyone who isn’t Christian and straight shouldn’t have the opportunity to work for state government in Tennessee....
THE ENEMIES LIST, THEN AND NOW
...This past week, one of [Obama's] campaign websites posted an item entitled “Behind the curtain: A brief history of Romney’s donors.” In the post, the Obama campaign named and shamed eight private citizens who had donated to his opponent. Describing the givers as all having “less-than-reputable records,” the post went on to make the extraordinary accusations that “quite a few” have also been “on the wrong side of the law” and profiting at “the expense of so many Americans.”
These are people like Paul Schorr and Sam and Jeffrey Fox, investors who the site outed for the crime of having “outsourced” jobs. T. Martin Fiorentino is scored for his work for a firm that forecloses on homes. Louis Bacon (a hedge-fund manager), Kent Burton (a “lobbyist”) and Thomas O’Malley (an energy CEO) stand accused of profiting from oil. Frank VanderSloot, the CEO of a home-products firm, is slimed as a “bitter foe of the gay rights movement.”...
...Mr. VanderSloot has since been learning what it means to be on a presidential enemies list. Just 12 days after the [Obama campaign] attack, the Idahoan found an investigator digging to unearth his divorce records. This bloodhound—a recent employee of Senate Democrats—worked for a for-hire opposition research firm.
Now Mr. VanderSloot has been targeted by the federal government. In a letter dated June 21, he was informed that his tax records had been “selected for examination” by the Internal Revenue Service. The audit also encompasses Mr. VanderSloot’s wife, and not one, but two years of past filings (2008 and 2009).
Mr. VanderSloot, who is 63 and has been working since his teens, says neither he nor his accountants recall his being subject to a federal tax audit before. He was once required to send documents on a line item inquiry into his charitable donations, which resulted in no changes to his taxes. But nothing more—that is until now, shortly after he wrote a big check to a Romney-supporting Super PAC.
Two weeks after receiving the IRS letter, Mr. VanderSloot received another—this one from the Department of Labor. He was informed it would be doing an audit of workers he employs on his Idaho-based cattle ranch under the federal visa program for temporary agriculture workers....
...This past week, one of [Obama's] campaign websites posted an item entitled “Behind the curtain: A brief history of Romney’s donors.” In the post, the Obama campaign named and shamed eight private citizens who had donated to his opponent. Describing the givers as all having “less-than-reputable records,” the post went on to make the extraordinary accusations that “quite a few” have also been “on the wrong side of the law” and profiting at “the expense of so many Americans.”
These are people like Paul Schorr and Sam and Jeffrey Fox, investors who the site outed for the crime of having “outsourced” jobs. T. Martin Fiorentino is scored for his work for a firm that forecloses on homes. Louis Bacon (a hedge-fund manager), Kent Burton (a “lobbyist”) and Thomas O’Malley (an energy CEO) stand accused of profiting from oil. Frank VanderSloot, the CEO of a home-products firm, is slimed as a “bitter foe of the gay rights movement.”...
...Mr. VanderSloot has since been learning what it means to be on a presidential enemies list. Just 12 days after the [Obama campaign] attack, the Idahoan found an investigator digging to unearth his divorce records. This bloodhound—a recent employee of Senate Democrats—worked for a for-hire opposition research firm.
Now Mr. VanderSloot has been targeted by the federal government. In a letter dated June 21, he was informed that his tax records had been “selected for examination” by the Internal Revenue Service. The audit also encompasses Mr. VanderSloot’s wife, and not one, but two years of past filings (2008 and 2009).
Mr. VanderSloot, who is 63 and has been working since his teens, says neither he nor his accountants recall his being subject to a federal tax audit before. He was once required to send documents on a line item inquiry into his charitable donations, which resulted in no changes to his taxes. But nothing more—that is until now, shortly after he wrote a big check to a Romney-supporting Super PAC.
Two weeks after receiving the IRS letter, Mr. VanderSloot received another—this one from the Department of Labor. He was informed it would be doing an audit of workers he employs on his Idaho-based cattle ranch under the federal visa program for temporary agriculture workers....
Why Capitalism Has an Image Problem
...The creative destruction that is at the heart of a growing economy is now seen as evil. Americans increasingly appear to accept the mind-set that kept the world in poverty for millennia: If you've gotten rich, it is because you made someone else poorer.
What happened to turn the mood of the country so far from our historic celebration of economic success?
Two important changes in objective conditions have contributed to this change in mood. One is the rise of collusive capitalism. Part of that phenomenon involves crony capitalism, whereby the people on top take care of each other at shareholder expense (search on "golden parachutes").
But the problem of crony capitalism is trivial compared with the collusion engendered by government. In today's world, every business's operations and bottom line are affected by rules set by legislators and bureaucrats. The result has been corruption on a massive scale. Sometimes the corruption is retail, whereby a single corporation creates a competitive advantage through the cooperation of regulators or politicians (search on "earmarks"). Sometimes the corruption is wholesale, creating an industrywide potential for profit that would not exist in the absence of government subsidies or regulations (like ethanol used to fuel cars and low-interest mortgages for people who are unlikely to pay them back). Collusive capitalism has become visible to the public and increasingly defines capitalism in the public mind....
...The creative destruction that is at the heart of a growing economy is now seen as evil. Americans increasingly appear to accept the mind-set that kept the world in poverty for millennia: If you've gotten rich, it is because you made someone else poorer.
What happened to turn the mood of the country so far from our historic celebration of economic success?
Two important changes in objective conditions have contributed to this change in mood. One is the rise of collusive capitalism. Part of that phenomenon involves crony capitalism, whereby the people on top take care of each other at shareholder expense (search on "golden parachutes").
But the problem of crony capitalism is trivial compared with the collusion engendered by government. In today's world, every business's operations and bottom line are affected by rules set by legislators and bureaucrats. The result has been corruption on a massive scale. Sometimes the corruption is retail, whereby a single corporation creates a competitive advantage through the cooperation of regulators or politicians (search on "earmarks"). Sometimes the corruption is wholesale, creating an industrywide potential for profit that would not exist in the absence of government subsidies or regulations (like ethanol used to fuel cars and low-interest mortgages for people who are unlikely to pay them back). Collusive capitalism has become visible to the public and increasingly defines capitalism in the public mind....
Doctor Shortage Likely to Worsen With Health Law
RIVERSIDE, Calif. — In the Inland Empire, an economically depressed region in Southern California, President Obama’s health care law is expected to extend insurance coverage to more than 300,000 people by 2014. But coverage will not necessarily translate into care: Local health experts doubt there will be enough doctors to meet the area’s needs. There are not enough now.
Other places around the country, including the Mississippi Delta, Detroit and suburban Phoenix, face similar problems. The Association of American Medical Colleges estimates that in 2015 the country will have 62,900 fewer doctors than needed. And that number will more than double by 2025, as the expansion of insurance coverage and the aging of baby boomers drive up demand for care. Even without the health care law, the shortfall of doctors in 2025 would still exceed 100,000....
RIVERSIDE, Calif. — In the Inland Empire, an economically depressed region in Southern California, President Obama’s health care law is expected to extend insurance coverage to more than 300,000 people by 2014. But coverage will not necessarily translate into care: Local health experts doubt there will be enough doctors to meet the area’s needs. There are not enough now.
Other places around the country, including the Mississippi Delta, Detroit and suburban Phoenix, face similar problems. The Association of American Medical Colleges estimates that in 2015 the country will have 62,900 fewer doctors than needed. And that number will more than double by 2025, as the expansion of insurance coverage and the aging of baby boomers drive up demand for care. Even without the health care law, the shortfall of doctors in 2025 would still exceed 100,000....
Former SEIU leader indicted
Not long ago, Tyrone Freeman was a rising young star in the national labor movement, already the head of California’s biggest union local and a force in Democratic politics from Los Angeles to Washington, D.C.
Freeman’s quick climb up the ranks of the powerful Service Employees International Union burnished his reputation as an effective advocate for the disadvantaged, a man who helped improve the lot of about 190,000 workers paid about $9 an hour to provide in-home care for the infirm.
On Tuesday, however, Freeman was indicted on federal charges of stealing from those workers to enrich himself, including by billing the union for costs from his Hawaii wedding....
Not long ago, Tyrone Freeman was a rising young star in the national labor movement, already the head of California’s biggest union local and a force in Democratic politics from Los Angeles to Washington, D.C.
Freeman’s quick climb up the ranks of the powerful Service Employees International Union burnished his reputation as an effective advocate for the disadvantaged, a man who helped improve the lot of about 190,000 workers paid about $9 an hour to provide in-home care for the infirm.
On Tuesday, however, Freeman was indicted on federal charges of stealing from those workers to enrich himself, including by billing the union for costs from his Hawaii wedding....
The Court Affirms Our Social Contract
In civics class we learn that federal courts decide whether laws passed by Congress and the state legislatures are constitutional. Therefore the federal courts are the guardians of our Constitution. That is certainly true, but it not the whole story. In fact, the most important function of the federal courts is to legitimate state building by the political branches. That is the best way to understand what happened in the Health Care Case. It also helps explain why Chief Justice John Roberts' opinion is written the way it is....
...Whenever the federal government expands its capabilities, it changes the nature of the social compact. Sometimes the changes are small, but sometimes, as in the New Deal or the civil rights era, the changes are big. And when the changes are big, courts are called on to legitimate the changes and ensure that they are consistent with our ancient Constitution. In this way, courts ratify significant revisions to the American social contract....
...My own view is that the Court as a whole performed the traditional function of federal judges in our constitutional system. The political branches sought to build out the American state and change the terms of the American social contract. The Court legitimated this result, but set new ground rules for politics going forward....
In civics class we learn that federal courts decide whether laws passed by Congress and the state legislatures are constitutional. Therefore the federal courts are the guardians of our Constitution. That is certainly true, but it not the whole story. In fact, the most important function of the federal courts is to legitimate state building by the political branches. That is the best way to understand what happened in the Health Care Case. It also helps explain why Chief Justice John Roberts' opinion is written the way it is....
...Whenever the federal government expands its capabilities, it changes the nature of the social compact. Sometimes the changes are small, but sometimes, as in the New Deal or the civil rights era, the changes are big. And when the changes are big, courts are called on to legitimate the changes and ensure that they are consistent with our ancient Constitution. In this way, courts ratify significant revisions to the American social contract....
...My own view is that the Court as a whole performed the traditional function of federal judges in our constitutional system. The political branches sought to build out the American state and change the terms of the American social contract. The Court legitimated this result, but set new ground rules for politics going forward....
Mayhem at GM
...I’m having trouble understanding all this. I’ve been told that after its Rattnerized bailout GM is “back,” a dramatic ”success story.” The president himself has boasted “General Motors is back on top.” Yet now a few weeks later Bloomberg says the company is in a “slump”–it’s right there, in the headline: “slump.” How can the bailed out, comebacked, turned around success story GM be in a slump when the U.S. auto market as a whole is growing rapidly? It’s almost as if an easily spun media wildly underestimated the problems at GM (and the inadequacy of the administration’s fixes) in a way that helped President Obama’s favored narrative (and pleased a major advertiser at the same time!)...
...I’m having trouble understanding all this. I’ve been told that after its Rattnerized bailout GM is “back,” a dramatic ”success story.” The president himself has boasted “General Motors is back on top.” Yet now a few weeks later Bloomberg says the company is in a “slump”–it’s right there, in the headline: “slump.” How can the bailed out, comebacked, turned around success story GM be in a slump when the U.S. auto market as a whole is growing rapidly? It’s almost as if an easily spun media wildly underestimated the problems at GM (and the inadequacy of the administration’s fixes) in a way that helped President Obama’s favored narrative (and pleased a major advertiser at the same time!)...
Exclusive: Five ATF officials found responsible for Fast and Furious
WASHINGTON -- Republican congressional investigators have concluded that five senior ATF officials -- from the special agent-in-charge of the Phoenix field office to the top man in the bureau’s Washington headquarters -- are collectively responsible for the failed Fast and Furious gun-tracking operation that was “marred by missteps, poor judgments and inherently reckless strategy.”
The investigators, in a final report likely to be released later this week, also unearthed new evidence that agents from the Bureau of Alcohol, Tobacco, Firearms and Explosives in Phoenix initially sought to hide from the Mexican government the crucial information that two Fast and Furious firearms were recovered after the brother of a Mexican state attorney general was killed there....
WASHINGTON -- Republican congressional investigators have concluded that five senior ATF officials -- from the special agent-in-charge of the Phoenix field office to the top man in the bureau’s Washington headquarters -- are collectively responsible for the failed Fast and Furious gun-tracking operation that was “marred by missteps, poor judgments and inherently reckless strategy.”
The investigators, in a final report likely to be released later this week, also unearthed new evidence that agents from the Bureau of Alcohol, Tobacco, Firearms and Explosives in Phoenix initially sought to hide from the Mexican government the crucial information that two Fast and Furious firearms were recovered after the brother of a Mexican state attorney general was killed there....
Saturday, August 04, 2012
Colorado Man Still Can't Get The Squatters Out Of His Home
Two Colorado squatters managed to skirt around a court-ordered eviction notice by filing personal bankruptcy, according a local CBS affiliate.
Last month, a judge ordered the pair, Veronica Fernandez-Beleta and Jose Rafael Leyva-Caraveo, to turn the property over to the rightful owners.
But before the county sheriff could evict them, they used the one loophole they had left: filing bankruptcy.
“The sheriff’s office will not proceed with an eviction if there is a bankruptcy in question,” Arapahoe County Undersheriff David Walcher told CBS....
Two Colorado squatters managed to skirt around a court-ordered eviction notice by filing personal bankruptcy, according a local CBS affiliate.
Last month, a judge ordered the pair, Veronica Fernandez-Beleta and Jose Rafael Leyva-Caraveo, to turn the property over to the rightful owners.
But before the county sheriff could evict them, they used the one loophole they had left: filing bankruptcy.
“The sheriff’s office will not proceed with an eviction if there is a bankruptcy in question,” Arapahoe County Undersheriff David Walcher told CBS....
Forgive me IPCC, for I have sinned...
...Except, like many a modern faith healer’s performance, there’s something dodgy about this widespread interpretation. For starters, Muller was hardly what you would call a climate-change sceptic. By and large, he has been very accepting of the IPCC’s view of the problem of climate change. His claim to being a sceptic seems to relate to his acceptance that the famous ‘hockey stick’ graph, which was the centrepiece of the IPCC’s 2001 report and suggested that current temperatures are unprecedented, was simply the product of some sloppy science.
But even then, Muller still put the case for the ‘consensus’ view. In 2004, he wrote: ‘If you are concerned about global warming (as I am) and think that human-created carbon dioxide may contribute (as I do), then you still should agree that we are much better off having broken the hockey stick. Misinformation can do real harm, because it distorts predictions.’ Another article from 2006 quotes Muller as saying that the odds that humans are to blame for global warming are ‘two in three’....
...It’s worth noting in passing that Muller’s work has not been published in a peer-reviewed journal and that one reviewer, the hockey-stick critic Ross McKitrick who Muller has agreed with in the past, has now published the critical reviews of Muller’s work he provided for the Journal of Geophysical Research. Sadly, Muller seems to have ignored McKitrick’s criticisms. (For more on this, see Andrew Orlowski’s latest article in the Register.) Hypocritically, climate-change alarmists – who are normally utterly dismissive of anything that has not been published in a peer-reviewed journal – are only too happy to proclaim Muller’s results.
Moreover, another piece of research released in the past few days, led by meteorologist Anthony Watts, claims that the corrupting of those weather stations by urbanisation has gone much further than Muller and others have accounted for. Essentially, Watts – with the support of many volunteers – went out to check America’s weather stations and reclassify them according to the degree to which changes in their surroundings might affect their readings. Watts and his colleagues conclude that when these effects are taken into account, the rise in US temperatures has been only about half that suggested by the previous datasets...
...Except, like many a modern faith healer’s performance, there’s something dodgy about this widespread interpretation. For starters, Muller was hardly what you would call a climate-change sceptic. By and large, he has been very accepting of the IPCC’s view of the problem of climate change. His claim to being a sceptic seems to relate to his acceptance that the famous ‘hockey stick’ graph, which was the centrepiece of the IPCC’s 2001 report and suggested that current temperatures are unprecedented, was simply the product of some sloppy science.
But even then, Muller still put the case for the ‘consensus’ view. In 2004, he wrote: ‘If you are concerned about global warming (as I am) and think that human-created carbon dioxide may contribute (as I do), then you still should agree that we are much better off having broken the hockey stick. Misinformation can do real harm, because it distorts predictions.’ Another article from 2006 quotes Muller as saying that the odds that humans are to blame for global warming are ‘two in three’....
...It’s worth noting in passing that Muller’s work has not been published in a peer-reviewed journal and that one reviewer, the hockey-stick critic Ross McKitrick who Muller has agreed with in the past, has now published the critical reviews of Muller’s work he provided for the Journal of Geophysical Research. Sadly, Muller seems to have ignored McKitrick’s criticisms. (For more on this, see Andrew Orlowski’s latest article in the Register.) Hypocritically, climate-change alarmists – who are normally utterly dismissive of anything that has not been published in a peer-reviewed journal – are only too happy to proclaim Muller’s results.
Moreover, another piece of research released in the past few days, led by meteorologist Anthony Watts, claims that the corrupting of those weather stations by urbanisation has gone much further than Muller and others have accounted for. Essentially, Watts – with the support of many volunteers – went out to check America’s weather stations and reclassify them according to the degree to which changes in their surroundings might affect their readings. Watts and his colleagues conclude that when these effects are taken into account, the rise in US temperatures has been only about half that suggested by the previous datasets...
Republicans: Obama administration hiding big job losses from sequester
Republicans accused the Obama administration Tuesday of intimidating defense contractors and seeking to hide job losses from pending cuts to the Pentagon’s budget in order to help the president’s reelection campaign.
Senate Minority Leader Mitch McConnell (Ky.) and other Republicans pointed to guidance issued Monday by the Department of Labor that said it would be “inappropriate” for defense firms to issue layoff notices to employees before the election due to the pending cuts.
“The president doesn’t want people reading about pink slips in the weeks before his election, so the White House is telling people to keep the effects of these cuts secret — ‘Don’t tell anybody,’ he says, ‘keep it a secret’ — until, of course, after the election,” McConnell said on the Senate floor Tuesday....
Sen. Obama supported layoff warnings; now sees no need
...President Obama's administration doesn’t see the need for defense contractors to warn employees about possible layoffs from across-the-board budget cuts, but in 2007, then-Sen. Barack Obama railed against employers for failing to notify workers who were in danger of losing their jobs.
“The least employers can do when they’re anticipating layoffs is to let workers know they’re going to be out of a job and a paycheck with enough time to plan for their future,” Mr. Obama said in a news release on July 17, 2007, while campaigning for president.
The Obama administration said Monday in guidance from the Labor Department that federal contractors don’t need to warn their employees that they could lose their jobs because of the looming budget cuts that are slated to begin Jan. 2. The agency said it would be “inappropriate” for employers to send such warnings because the $110 billion in cuts are still speculative. Defense programs would be the target of about half of the cuts.
The Labor Department’s letter came after a Pentagon official said Defense Department contractors could be sending layoff notices days before the Nov. 6 presidential election. ...
Republicans accused the Obama administration Tuesday of intimidating defense contractors and seeking to hide job losses from pending cuts to the Pentagon’s budget in order to help the president’s reelection campaign.
Senate Minority Leader Mitch McConnell (Ky.) and other Republicans pointed to guidance issued Monday by the Department of Labor that said it would be “inappropriate” for defense firms to issue layoff notices to employees before the election due to the pending cuts.
“The president doesn’t want people reading about pink slips in the weeks before his election, so the White House is telling people to keep the effects of these cuts secret — ‘Don’t tell anybody,’ he says, ‘keep it a secret’ — until, of course, after the election,” McConnell said on the Senate floor Tuesday....
Sen. Obama supported layoff warnings; now sees no need
...President Obama's administration doesn’t see the need for defense contractors to warn employees about possible layoffs from across-the-board budget cuts, but in 2007, then-Sen. Barack Obama railed against employers for failing to notify workers who were in danger of losing their jobs.
“The least employers can do when they’re anticipating layoffs is to let workers know they’re going to be out of a job and a paycheck with enough time to plan for their future,” Mr. Obama said in a news release on July 17, 2007, while campaigning for president.
The Obama administration said Monday in guidance from the Labor Department that federal contractors don’t need to warn their employees that they could lose their jobs because of the looming budget cuts that are slated to begin Jan. 2. The agency said it would be “inappropriate” for employers to send such warnings because the $110 billion in cuts are still speculative. Defense programs would be the target of about half of the cuts.
The Labor Department’s letter came after a Pentagon official said Defense Department contractors could be sending layoff notices days before the Nov. 6 presidential election. ...
New Excitement in the Climate Change Controversy (Updated)
...I’ve reached Dr. Judith Curry of Georgia Tech, who was a co-author of the first four BEST papers but who declined to be listed as an author of this one. She was in an airport, and has promised me more tomorrow, but in the meantime she referred me to the New York Times Dot Earth blog and her quote...
...There is broad agreement that greenhouse gas emissions have contributed to the warming in the latter half of the 20th century; the big question is how much of this warming can we attribute to greenhouse gas emissions. I don’t think this question can be answered by the simple curve fitting used in this paper, and I don’t see that their paper adds anything to our understanding of the causes of the recent warming....
Why the BEST papers failed to pass peer review
...On July 29 2012 Richard Muller launched another publicity blitz (e.g. here and here) claiming, among other things, that “In our papers we demonstrate that none of these potentially troublesome effects [including those related to urbanization and land surface changes] unduly biased our conclusions.” Their failure to provide a proper demonstration of this point had led me to recommend against publishing their paper. This places me in an awkward position since I made an undertaking to JGR to respect the confidentiality of the peer review process, but I have reason to believe Muller et al.’s analysis does not support the conclusions he is now asserting in the press.
I take the journal peer review process seriously and I dislike being placed in the position of having to break a commitment I made to JGR, but the “BEST” team’s decision to launch another publicity blitz effectively nullifies any right they might have had to confidentiality in this matter. So I am herewith releasing my referee reports....
...I’ve reached Dr. Judith Curry of Georgia Tech, who was a co-author of the first four BEST papers but who declined to be listed as an author of this one. She was in an airport, and has promised me more tomorrow, but in the meantime she referred me to the New York Times Dot Earth blog and her quote...
...There is broad agreement that greenhouse gas emissions have contributed to the warming in the latter half of the 20th century; the big question is how much of this warming can we attribute to greenhouse gas emissions. I don’t think this question can be answered by the simple curve fitting used in this paper, and I don’t see that their paper adds anything to our understanding of the causes of the recent warming....
Why the BEST papers failed to pass peer review
...On July 29 2012 Richard Muller launched another publicity blitz (e.g. here and here) claiming, among other things, that “In our papers we demonstrate that none of these potentially troublesome effects [including those related to urbanization and land surface changes] unduly biased our conclusions.” Their failure to provide a proper demonstration of this point had led me to recommend against publishing their paper. This places me in an awkward position since I made an undertaking to JGR to respect the confidentiality of the peer review process, but I have reason to believe Muller et al.’s analysis does not support the conclusions he is now asserting in the press.
I take the journal peer review process seriously and I dislike being placed in the position of having to break a commitment I made to JGR, but the “BEST” team’s decision to launch another publicity blitz effectively nullifies any right they might have had to confidentiality in this matter. So I am herewith releasing my referee reports....
Truck owner wants DEA to pay up after botched sting
...Commandeered by one of his drivers, who was secretly working with federal agents, the truck had been hauling marijuana from the border as part of an undercover operation. And without Patty's knowledge, the Drug Enforcement Administration was paying his driver, Lawrence Chapa, to use the truck to bust traffickers.
At least 17 hours before that early morning phone call, Chapa was shot dead in front of more than a dozen law enforcement officers - all of them taken by surprise by hijackers trying to steal the red Kenworth T600 truck and its load of pot.
In the confusion of the attack in northwest Harris County, compounded by officers in the operation not all knowing each other, a Houston policeman shot and wounded a Harris County sheriff's deputy....
...Commandeered by one of his drivers, who was secretly working with federal agents, the truck had been hauling marijuana from the border as part of an undercover operation. And without Patty's knowledge, the Drug Enforcement Administration was paying his driver, Lawrence Chapa, to use the truck to bust traffickers.
At least 17 hours before that early morning phone call, Chapa was shot dead in front of more than a dozen law enforcement officers - all of them taken by surprise by hijackers trying to steal the red Kenworth T600 truck and its load of pot.
In the confusion of the attack in northwest Harris County, compounded by officers in the operation not all knowing each other, a Houston policeman shot and wounded a Harris County sheriff's deputy....
NSA Boss Wants More Control Over the 'Net
...The decentralized nature of the Internet, and the fact that the global network is built from a thicket of independent public and private networks, is limiting efforts to protect against such attacks, said Alexander, because it doesn't allow the NSA or law enforcement to easily track Internet activity. "We do not sit around our country and look in; we have no idea if Wall Street is about to be attacked," said Alexander....
Facebook Abstainers Could Be Labeled Suspicious
..."According to this article printed in tagesspiegel.de, not having a Facebook account could be the first sign that you are a mass murderer.(German) As examples they use Norwegian shooter Anders Breivik, who used MySpace instead of Facebook and the newer Aurora shooter who used adultfriendfinder instead of Facebook. They already consider those with Facebook accounts, who lack friends to be suspicious, but now they are suggesting that anyone who abstains from Facebook altogether may be even more suspicious."...
...The decentralized nature of the Internet, and the fact that the global network is built from a thicket of independent public and private networks, is limiting efforts to protect against such attacks, said Alexander, because it doesn't allow the NSA or law enforcement to easily track Internet activity. "We do not sit around our country and look in; we have no idea if Wall Street is about to be attacked," said Alexander....
Facebook Abstainers Could Be Labeled Suspicious
..."According to this article printed in tagesspiegel.de, not having a Facebook account could be the first sign that you are a mass murderer.(German) As examples they use Norwegian shooter Anders Breivik, who used MySpace instead of Facebook and the newer Aurora shooter who used adultfriendfinder instead of Facebook. They already consider those with Facebook accounts, who lack friends to be suspicious, but now they are suggesting that anyone who abstains from Facebook altogether may be even more suspicious."...
Doctor Shortage Likely to Worsen With Health Law
...Health experts, including many who support the law, say there is little that the government or the medical profession will be able to do to close the gap by 2014, when the law begins extending coverage to about 30 million Americans. It typically takes a decade to train a doctor.
“We have a shortage of every kind of doctor, except for plastic surgeons and dermatologists,” said Dr. G. Richard Olds, the dean of the new medical school at the University of California, Riverside, founded in part to address the region’s doctor shortage. “We’ll have a 5,000-physician shortage in 10 years, no matter what anybody does.”...
...Health experts, including many who support the law, say there is little that the government or the medical profession will be able to do to close the gap by 2014, when the law begins extending coverage to about 30 million Americans. It typically takes a decade to train a doctor.
“We have a shortage of every kind of doctor, except for plastic surgeons and dermatologists,” said Dr. G. Richard Olds, the dean of the new medical school at the University of California, Riverside, founded in part to address the region’s doctor shortage. “We’ll have a 5,000-physician shortage in 10 years, no matter what anybody does.”...
Subscribe to:
Posts (Atom)