August 2011 archive

Popular Culture (Music) 20110805. Lifehouse

I am very sorry, folks, but I was in a hurry to finish up the piece and there was a horrible traffic tie up before I could get home.  I got home late, and was finishing up the 21st song out of 24 when I fat fingered my keyboard, wiping out almost everything.

That teaches me, regardless of the venue, to save after EVERY paragraph.  It would not have made any difference if I had been writing in Word, or Works, or at any blog site.  If one does not save work, it gets lost.  However, there is a bit of a workaround.

Load up Lazarus for Firefox and it can help.  It is not perfect, but if I had been using it, I would lost only the two or three paragraphs before my keyboard mistake.  I still do not know what I did, but I now save after EVERY paragraph!  I use it now, although I am not sure how well it works.

It is disheartening to lose so much work, but there is a silver lining to that black cloud.  Next week the piece will be much better, because I had time to think about it and improve it.

On Organizing Anger, Or, Could Olbermann Primary Obama?

It was just a couple of nights ago that Keith Olbermann was challenging us, in one of his “Special Comments”, to rise up in the streets and take back this country.

He pointed out that the only way those on the left were going to be able to fight against those who are looking to get all “Tea Party” is to be as angry and as organized and as aggressive as the Tea Party community, and if we’re smart, we’ll take him up on that challenge.

But if you really want to push “professional” Democrats to the left, most especially this President, and you want to do it in time to impact the ’12 cycle, the only way to do it is to run a candidate in primary contests that either moves the conversation your way…or leaves you with a surprising new Candidate.

And right here, right now, we actually have a chance to do exactly that – and that’s why, in today’s discussion, I’m going to challenge Olbermann right back.

Congress and Obama Ignore History at Our Peril

Cross posted from The Stars Hollow Gazette

One  of the signs of insanity is repeating the same mistake in hopes of a different outcome. Seventy five years ago, the congress and President Franklin D. Roosevelt did exactly the same thing that congress and President Barack Obama did on Wednesday with the same results.

FDR’s Recession

By the spring of 1937, production, profits, and wages had regained their 1929 levels. Unemployment remained high, but it was considerably lower than the 25% rate seen in 1933. In June 1937, some of Roosevelt’s advisors urged spending cuts to balance the budget. WPA rolls were drastically cut and PWA projects were slowed to a standstill. The American economy took a sharp downturn in mid-1937, lasting for 13 months through most of 1938. Industrial production declined almost 30 per cent and production of durable goods fell even faster.

Unemployment jumped from 14.3% in 1937 to 19.0% in 1938, rising from 5 million to more than 12 million in early 1938. Manufacturing output fell by 37% from the 1937 peak and was back to 1934 levels. Producers reduced their expenditures on durable goods, and inventories declined, but personal income was only 15% lower than it had been at the peak in 1937. In most sectors, hourly earnings continued to rise throughout the recession, which partly compensated for the reduction in the number of hours worked. As unemployment rose, consumers’ expenditures declined, leading to further cutbacks in production.

The Roosevelt Administration reacted by launching a rhetorical campaign against monopoly power, which was cast as the cause of the depression, and appointing Thurman Arnold in the anti-trust division of the U.S. Department of Justice to act, but Arnold was not effective. In February 1938, Congress passed a new AAA bill which authorized crop loans, crop insurance against natural disasters, and large subsidies to farmers who cut back production. On April 2, Roosevelt sent a new large-scale spending program to Congress, and received $3.75 billion which was split among PWA, WPA, and various relief agencies. Other appropriations raised the total to $5 billion in the spring of 1938, after which the economy recovered.

The stock market plummeted over 500 points yesterday wiping out any gains from the recovery since 2008. The market is continuing to fluctuate after rather weak jobs report. While the U-3 dropped to 9.1%, it was due mostly to workers who are no longer seeking employment or are now in the ranks of the under-employed and jobs creation was weak. So after the debt ceiling deal and the worsening European banks situation, investors lacked confidence that the US could increase productivity.

But the White House and Congress insist on sticking to their story that if they hadn’t given the hostage takers all they wanted with no jobs stimulus or revenue increases, they wouldn’t have gotten the debt deal and the markets would have crashed. As John Nichols said in The Nation, “Unfortunately, it was wrong. Not just morally wrong. Not just politically wrong. Not just economically wrong. It was wrong with regard to the cherished markets.”

The Five Points of NOM (A Pledge)

NOM.....                      NOM? NOM!!!!!

The insider/outsider Response to the Debt Ceiling Cave-In

Burning the Midnight Oil for Progressive Populism

The Story So Far (imagine a Star Wars Scroll):

Under normal conditions, the primary political parties are representatives of distinct interest groups within the status quo. Democracy, after all, is allowing the citizens of the country to choose winners and losers among the elite, rather than having that choice performed by military might, accident of birth, or etc.

For most of its political history to the late 1800’s, the US was either dominated by one or two political parties. The (extra-constitutional) winner take all electoral college system and the winner take all nature of a state legislature selecting the state’s Senator strongly pushed in that direction.

And with business interests always falling on distinct sides of important issues of the day, that meant that political interests have long been distributed among the rival claimants for power or the natural party of government and natural party of (regional) opposition.

But alongside this was a political institution that allowed third parties to emerge and compete for influence ~ and indeed, the Great Re-Alignment from the Democrats and the Whigs to the Republicans and the Democrats occured in part thanks to the existence of third parties that were available to merge with the Anti-Slavery Whigs once they had been purged from the Whig Party. So in the late 1800’s …

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

Network images of GLBT people, 2010-2011

GLAAD has released this year’s National Responsibility Index ratings of the television broadcast networks and major cable networks.  

The GLAAD National Responsibility Index examines the quantity and quality of images (called impressions) of LGBT people on television.  It is intended to help media representations be fair, accurate and inclusive.

In a country which does not recognize the equality of its GLBT citizens, it is important that their are media portrayals of us to assist in correcting the problem.

As diverse LGBT images in the media become more prevalent, the general public becomes exposed to the truth of the LGBT community: lesbian, gay, bisexual and transgender Americans are parents and teachers, law enforcement officers and soldiers, high school students and loving elderly couples. It is as important for LGBT Americans to see our lives reflected on screen as it is for others to be exposed to the rich tapestry of the LGBT community.

Famine in the Horn of Africa

Cross posted from The Stars Hollow Gazette

No more delays or restrictions for Somalis needing aid and refuge

“Fighting in Somalia, restrictions on supply flights, international support staff as well as administrative hurdles have all contributed to the current hardship faced by the Somali population today,” said Unni Karunakara, International President of MSF. “It is essential that both restrictions and obstacles to humanitarian aid be removed as the situation continues to worsen.”

This weekend, August 6 & 7, Daily Kos will be sponsoring a blogathon to raise money for East Africa Food Crisis: 48-Hour Famine Fundraiser

They have decided to donate all monies raised to directly support the work of Médecins Sans Frontières in the Dadaab refugee camp.  An anonymous donor has volunteered $5,000 in matching funds.  

The humanitarian crisis from famine due to drought is worsening and being hindered in Somalia due to the the lack of safety and aid being blocked by Islamic extremists. Us laws that prohibit nongovernmental aid organizations from receiving any US assistance if they try to negotiate with the rebels, has further hindered aid to nearly 3 million who are at risk of death from starvation.

The US development agency USAid said the $28m (£17m) it pledged to Somalia this week would target areas hardest hit by the drought. But, given the strength of feeling the Americans have towards al-Shabaab – it’s on a list of terrorist organisations – and the fact that it controls the two areas of Somalia the UN declared to be famine zones, Bakool and Lower Shabelle, it is difficult to see how those most in need will benefit from the money.

Donald Steinberg, deputy administrator of USAid, said on Wednesday that America needed assurances from the UN that al-Shabaab would not restrict delivery of US-funded aid in rebel areas before it would allow its aid to be delivered.

NBC’s Richard Engel explains how a Somali terror group is blocking aid to famine victims in order to win a political power struggle

Somalia famine has reached three new regions, says UN

Immediate lifesaving help now needed by 3.2 million people in south of the country

The UN has declared three new regions in Somalia as famine zones, including the refugee camps in the capital Mogadishu.

The UN Food and Agriculture Organisation said famine is likely to spread across all regions of the south of the country in the next four to six weeks, and persist until December. Out of a population of 7.5 million, 3.2 million are in need of immediate lifesaving assistance in its worst drought in 60 years, but aid supply is difficult because al-Qaida linked militants control much of Somalia’s most desperate areas.

Today on The Stars Hollow Gazette

Our regular featured content-

These featured articles-

The Stars Hollow Gazettte

This is an Open Thread

Cartnoon

Falling Hare

Shrill? Part Deux.

Crossposted from The Stars Hollow Gazette

As I assemble this the DOW is once again down over 200 points and the question is whether it will remain above 11,000 at the close.

Rates of Wrath

August 4, 2011, 11:41 am

The US 10-year bond rate is now down to 2.5%. So much for those bond vigilantes. What this rate is saying is that markets are pricing in terrible economic performance, quite possibly a double dip. And it also says that Washington’s deficit obsession has been utterly, totally wrong-headed.

Meanwhile, Italy’s spread against German bonds is soaring even further. What are markets pricing in here? Default as a real possibility; maybe even euro breakup. The latter certainly sounds a lot more plausible now than it did a few months ago.

The Wrong Worries

By PAUL KRUGMAN, The New York Times

Published: August 4, 2011

Consider one crucial measure, the ratio of employment to population. In June 2007, around 63 percent of adults were employed. In June 2009, the official end of the recession, that number was down to 59.4. As of June 2011, two years into the alleged recovery, the number was: 58.2.



And why should we be surprised at this catastrophe? Where was growth supposed to come from? Consumers, still burdened by the debt that they ran up during the housing bubble, aren’t ready to spend. Businesses see no reason to expand given the lack of consumer demand. And thanks to that deficit obsession, government, which could and should be supporting the economy in its time of need, has been pulling back.



Those plunging interest rates and stock prices say that the markets aren’t worried about either U.S. solvency or inflation. They’re worried about U.S. lack of growth. And they’re right, even if on Wednesday the White House press secretary chose, inexplicably, to declare that there’s no threat of a double-dip recession.



The point is that it’s now time – long past time – to get serious about the real crisis the economy faces. The Fed needs to stop making excuses, while the president needs to come up with real job-creation proposals.



This might or might not work. But we already know what isn’t working: the economic policy of the past two years – and the millions of Americans who should have jobs, but don’t.

You know, it’s just a stinking Nobel Prize in Economics.  This guy knows nothing.

Pulling Rank

August 5, 2011, 9:12 am

I’ll pass the specific arguments by, and note another feature of this “debate” that has struck me a lot during recent economic controversies: the way Williamson tries to settle the argument by pulling rank, portraying Quiggin as some kind of obscure and unqualified guy.

It’s funny in this case, because Quiggin is in fact a prominent economist, Williamson not so much. But even if this weren’t true, that’s no way to argue. Which is why it has been so sad to see how common this kind of argument has been in recent years.

I don’t have time right now to track down all the examples, but if you look at how many freshwater macroeconomists have responded to Keynesian arguments in this crisis, you find over and over again that they resort to assertions of privilege – basically, I am a famous macroeconomic expert and you aren’t – rather than really addressing the issues. And this is so ingrained a response, apparently, that they use it in situations where it’s truly ridiculous: Lucas accusing Christy Romer of not understanding basic macro, then demonstrating that he doesn’t understand Ricardian equivalence; Barro belittling the credentials of yours truly, just after forgetting that there was rationing and investment controls during World War II.

BREAKING: This Week In The Dream Antilles

Washington-  President Obama today announced sweeping changes in US economic policy that would guarantee full employment by the end of 2012 and resolution of the nation’s deficit.  The Executive Order, issued while Congress was on summer vacation, was an enormous surprise even though it was apparent that the move had been planned for months.  The extensive, 450 page Executive Order primarily addresses employment and taxation.

Following the announcement, the President’s Press Secretary Jay Carney was overheard to say, “We’re not going to allow Republicans to continue act like two-year olds who have not mastered toilet training. We are not going to let them turn America into an open air septic tank. This is how we have had to do that.”

The stock market responded to the announcement by recording its largest single hourly advances in history.  

Your Bloguero could continue to tell the story.  He could tell you how the President had authorized billions and billions of dollars to be spent immediately on infrastructure, including rail systems and wind power, to stimulate employment.  And how he had required banks immediately to refinance mortgages and to forgive student loan debts.  And your Bloguero could tell you how the President had exercised his emergency powers to restore the income tax rate on America’s wealthiest people to 1955 levels and had restored cuts to food stamps, and welfare and how he had increased and extended unemployment benefits.  And how he had closed Guantanamo and recalled all of the troops from Iraq and Afghanistan.  He could describe for you how the President had thumped his podium and said,

“This is a national emergency in our economy, and I am exercising my executive powers to preserve our Nation.  I am not going to stand idly by. I am enacting these policies now because the nation can no longer depend on this dysfunctional Congress to save its economy from depredation.  To the contrary, Congress’s actions have thrust the nation into this crisis, and they refuse contumaciously to reverse themselves.  No.  The buck stops here. I have acted to end a national emergency.”

Alas.  Tell me lies.  Your Bloguero cannot bear the truth.

This Week In The Dream Antilles is usually a weekly digest. Sometimes, like now, it is not actually a digest of essays posted in the past week.  For that you have to visit The Dream Antilles. Your Bloguero always solicits your support. No, not your money. Just leave a comment so that your Bloguero will know that you stopped by. Or, even easier, just click the “Encouragement jar”. Your Bloguero likes to know that you’re visiting

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cross posted fromThe Dream Antilles

   

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