Apr 24 2012
Our regular featured content-
These featured articles-
This is an Open Thread
Apr 24 2012
“as opposed to looking backwards.”
Jon Corzine Is the Original George Zimmerman
Matt Taibbi, Rolling Stone
POSTED: April 24, 8:37 AM ET
Nobody disputes the fact that MF Global officials dipped into customer accounts and took over $1.6 billion of customer money. We not only know that company officials reached into customer accounts, we know they brazenly lied to bondholders, ratings agencies and investors about the firm’s financial condition (“MF Global’s capital and liquidity has never been stronger,” wrote the CFO of MF Global’s holding company, on the same day Moody’s downgraded it to junk status).
We even know that eighteen days before the firm went bust, company officers discussed how quickly to return money to customers, and even contemplated, in writing, the possibility of not returning the money right away.
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MF Global is different. This is not complicated at all. This is just stealing. You owe money, you don’t have the cash to cover it, and so you take money belonging to someone else to cover your debts. There’s no room at all here for an argument that this money was just lost due to a bad investment, an erroneous calculation based on someone’s poor understanding of a complex transaction, etc. It’s straight-up embezzlement.
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It’s incredible that people are offering as a defense the idea that a financial company could be so overwhelmed by transactions that it could just lose track of $1.6 billion. If you’re so terrible at managing money that you can honestly lose a billion dollars – especially after swearing up and down to the whole world that you were the right choice to manage the cherished millions and billions of scads of farmers, ranchers, and other investors – you should go to jail just for that, just on general principle.
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(T)hese people stole over a billion dollars, right out in the open, and nobody is doing anything about it. Instead, we get a lot of chin-scratching legislative hearings, and an almost academic-style public discussion about whether or not a crime even took place. If there aren’t arrests in this case soon, ordinary people will correctly deduce that it simply isn’t a crime to steal in America, if the thefts are executed with a computer by white people in suits.
Apr 24 2012
Not a lot of cable companies carry Al Jazeera TV, mine sure doesn’t. This broadcast from yesterday takes a look at the fall out from this year’s Bahrain Grand Prix.
Can Formula One unite Bahrain?
We ask if the race the country’s rulers called a “force for good” has been a human rights and public relations disaster.
Al Jazeera TV
23 Apr 2012
Joining Inside Story with presenter Shakuntala Santhiran to discuss this are guests: Ali al-Aswad, a former Bahraini opposition MP and member of the al-Wefaq Party; Mahjoob Zweiri, an assistant professor in Contemporary History and Politics of the Middle East at Qatar University; and Fahad al-Binali, a media official for Bahrain’s Information Affairs Authority.
I’ve recently seen a commenter on one of my ‘usual suspect’ blogs describe Al Jazeera as just as much a slave to corporate interests as CNN, only they’re different corporations. I think you know that my answer to the subtitle question is that it was BOTH a Human Rights AND Public Relations disaster.
Apr 24 2012
Cross posted from The Stars Hollow Gazette
This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.
Find the past “On This Day in History” here.
(Click on images to enlarge)
April 24 is the 114th day of the year (115th in leap years) in the Gregorian calendar. There are 251 days remaining until the end of the year.
On this day in 1916, Easter Rebellion begins.
On Easter Monday in Dublin, the Irish Republican Brotherhood, a secret organization of Irish nationalists led by Patrick Pearse, launches the so-called Easter Rebellion, an armed uprising against British rule. Assisted by militant Irish socialists under James Connolly, Pearse and his fellow Republicans rioted and attacked British provincial government headquarters across Dublin and seized the Irish capital’s General Post Office. Following these successes, they proclaimed the independence of Ireland, which had been under the repressive thumb of the United Kingdom for centuries, and by the next morning were in control of much of the city. Later that day, however, British authorities launched a counteroffensive, and by April 29 the uprising had been crushed. Nevertheless, the Easter Rebellion is considered a significant marker on the road to establishing an independent Irish republic.
Following the uprising, Pearse and 14 other nationalist leaders were executed for their participation and held up as martyrs by many in Ireland. There was little love lost among most Irish people for the British, who had enacted a series of harsh anti-Catholic restrictions, the Penal Laws, in the 18th century, and then let 1.5 million Irish starve during the Potato Famine of 1845-1848. Armed protest continued after the Easter Rebellion and in 1921, 26 of Ireland’s 32 counties won independence with the declaration of the Irish Free State. The Free State became an independent republic in 1949. However, six northeastern counties of the Emerald Isle remained part of the United Kingdom, prompting some nationalists to reorganize themselves into the Irish Republican Army (IRA) to continue their struggle for full Irish independence.
The Act of Union 1801 united the Kingdom of Great Britain and the Kingdom of Ireland, abolishing the Irish Parliament and giving Ireland representation at Westminster. From early on, many Irish nationalists opposed the union and what was seen as the exploitation of the country.
Opposition took various forms: constitutional (the Repeal Association; the Home Rule League), social (disestablishment of the Church of Ireland; the Land League) and revolutionary (Rebellion of 1848; Fenian Rising). Constitutional nationalism enjoyed its greatest success in the 1880s and 1890s when the Irish Parliamentary Party under Charles Stewart Parnell succeeded in having two Home Rule bills introduced by the Liberal government of William Ewart Gladstone, though both failed. The First Home Rule Bill of 1886 was defeated in the House of Commons, while the Second Home Rule Bill of 1893 was passed by the Commons but rejected by the House of Lords. After the fall of Parnell, younger and more radical nationalists became disillusioned with parliamentary politics and turned towards more extreme forms of separatism. The Gaelic Athletic Association, the Gaelic League and the cultural revival under W. B. Yeats and Lady Augusta Gregory, together with the new political thinking of Arthur Griffith expressed in his newspaper Sinn Féin and the organisations the National Council and the Sinn Féin League led to the identification of Irish people with the concept of a Gaelic nation and culture, completely independent of Britain. This was sometimes referred to by the generic term Sinn Féin.
The Third Home Rule Bill was introduced by British Prime Minister H. H. Asquith in 1912. The Irish Unionists, led by Sir Edward Carson, opposed home rule in the light of what they saw as an impending Roman Catholic-dominated Dublin government. They formed the Ulster Volunteer Force on 13 January 1913.
The Irish Republican Brotherhood (IRB) saw an opportunity to create an armed organisation to advance its own ends, and on 25 November 1913 the Irish Volunteers, whose stated object was “to secure and to maintain the rights and liberties common to all the people of Ireland”, was formed. Its leader was Eoin MacNeill, who was not an IRB member. A Provisional Committee was formed that included people with a wide range of political views, and the Volunteers’ ranks were open to “all able-bodied Irishmen without distinction of creed, politics or social group.” Another militant group, the Irish Citizen Army, was formed by trade unionists as a result of the Dublin Lockout of that year. However, the increasing militarisation of Irish politics was overshadowed soon after by the outbreak of a larger conflict-the First World War and Ireland’s involvement in the conflict.
Apr 24 2012
Cross posted from The Stars Hollow Gazette
The Animated Bayeux Tapestry was created as a student project while at Goldsmiths College. Just as the historic original embroidary does, the animation depicts the lead up to to the Norman Invasion of Britain in 1066. It proved popular online gaining almost 750,000 views and being requested for downloads by teachers around the world. In 2009, Marc Sylvan redid the soundtrack to include orignal music and sound effects.
Animation by David Newton
Music and sound design by Marc Sylvan
Here you can read the tale told by the Bayeux Tapestry –
The story of William the Conqueror and Harold, Earl of Wessex, the men who led the Norman and Saxon armies in 1066. William’s defeat of Harold at the Battle of Hastings ensured the success of the Norman invasion of England…The Victorian replica of the Tapestry is housed in its own gallery at Reading Museum,
where it can be viewed for FREE during the Museum opening hours
h/t Hecate for the video link.
