Blog on the Run: Reloaded

Sunday, January 3, 2010 9:44 pm

Odds and ends for 1/3

Cliff May really wishes his penis were bigger.

Why it’s important to try Khalid Sheikh Muhammad in a civilian court in New York City, by Cynthia Kouril: “Treat him like what he is, a common criminal. Not a great boogeyman, not an arch criminal, not a martyr, just a guy who could not make a success in life living within the social contract and resorted to life on the wrong side of the law. Or in other terms, a failure.”

“People who suck … at analyzing events in real time really, really shouldn’t try to do it a year in advance”: John Derbyshire, Katherine Jean Lopez, Mark Hemingway and especially Jonah Goldberg, call your office. It’s called “reporting,” guys. Learn it. Love it. Live it. Hell, just try it once.

We’re the land of Joyce, but we don’t like to talk about that much.: In the Republic of Ireland it is now punishable by a 25,000-Euro fine (about $40KUSD) to commit blasphemy, defined as “publishing or uttering matter that is grossly abusive or insulting in relation to matters held sacred by any religion, thereby intentionally causing outrage among a substantial number of adherents of that religion.” This is just a power grab by some “religious” earthly authorities. Memo to, just for starters, the Roman Catholic Church: Given all your pedophile priests and abusive nuns in Ireland alone, you’ve got bigger fish to fry. Memo to Muslims: I know you want to try to pull this same crap at the global level, but don’t hold your breath.

“Danger, Will Robinson!”: The aforementioned Cynthia Kouril also goes through the string of AIG e-mails recently released and finds that some of those e-mailers are facing, shall we say, significant legal exposure. Interesting how one blogger attorney is laying more prosecutorial groundwork than the SEC.

A moment in time, not a long-term shift: Micah Sifry examines how and why Obama has let down his base. Digby thinks he’ll pay a political price. I think she’s right … and that Congressional Dems will, too, first.

And about those Congressional Dems: They need to listen carefully to what White House Chief of Staff Rahm Emanual says and then do the exact opposite.

The good news: New unemployment claims came in at 432,000 for the week ending 12/26, down 22,000 from the week before and lower than expected.

The bad, and more significant, news: The number of people receiving emergency unemployment compensation — money for people whose regular unemployment benefits have been exhausted — hit an all-time record of 4.2 million in November. For the week ended Dec. 12, the number of new EUC claims came in just under 192,000, bringing the overall total to 4.5 million. With numbers like those, consumers won’t be driving any recovery for a long, long time to come.

Follow the money: The Labor Department claims that X number of Americans are unemployed and receiving unemployment or EUC payments. However, cash-flow reports from the Treasury Department suggest that the amount of money going out for such payments would mean that either check amounts have gone up — which hasn’t happened — or the number of people receiving such payments is actually 32% higher than Labor says. That means that if the “official unemployment rate” is roughly 10%, the actual unemployment rate may be more like 13%.

Privacy is so 1984: In case you didn’t know already, police can obtain info from your cell-phone carrier on where you are (or, to be precise, where your phone is) whether or not you have the GPS function enabled, and they don’t need a warrant to do it. The only way you can hide your phone’s location effectively is to remove the battery.

The Bush White House expected congressional Republicans to obstruct justice: So says Alberto Gonzalez in this Esquire interview (how did I miss this earlier?): “We should have abandoned the idea of removing the U. S. attorneys once the Democrats took the Senate. Because at that point we could really not count on Republicans to cut off investigations or help us at all with investigations. We didn’t see that at the Department of Justice. Nor did the White House see that. Karl [Rove] didn’t see it. If we could do something over again, that would be it.”

Fannie and Freddie really are to blame, Marla Singer says, but not in the giving-mortgages-to-poor-black-people-who-shouldn’t-have-gotten-them way that some conservative pundits are arguing. No, it’s worse than that.

What do you call one investment banker out the door? A good first step: A senior AIG officer quits rather than accept a federally imposed salary limit of $500,000 a year. Door. Ass. Of course, for some unfathomable reason the federal “pay czar” let her keep the $2.8 million in severance she claimed she was entitled to, but, hey, at least we’ve called one bankster’s bluff. Sort of.

Speaking of bankers, if you have a money-market fund, you might want to put that money someplace safer because the government may be ending instant redeemability.

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Friday, November 20, 2009 9:33 pm

Odds and ends for 11/20

Huge win for the good guys, by which I mean taxpayers: House Finance Committee overwhelmingly and with true bipartisan support votes to audit the Fed. Barney Frank, previously a supporter, voted against. He’s going to need a damn good explanation.

Welcome to the 21st century, beehortches: Muslims want an anti-blasphemy law? Well, I want a jet pack and I ain’t getting that, either.

Come for the counsel, stay for the funny anecdotes (or vice versa): The NYT asks a shrink to tackle the fraught topic of holiday family get-togethers.

Transact this: Economist Dean Baker on the case for a financial-transaction tax. Short version: Yes, it would raise (microscopically) the cost of capital, but like booze and cigarette taxes, it would discourage something harmful: in this case, the kind of high-frequency, high-volume, low-value trading currently dominating the stock market. (Let’s face it, when the market can go up significantly on a day when more than a third of all trading involves the stock of just four companies — four basically insolvent companies — does the economy really benefit?)

Show some respect: A large majority of Americans, and 53% of Republicans, think it’s OK for the president of the United States to bow to the leader of a foreign country he’s visiting when it’s custom to bow in that country, according to a poll from that hotbed of pro-Obama liberalism, Fox News (question 18).

Shorter Amanda Hess, for the win: Why is sexism only a problem when it affects Sarah Palin?

Funding priorities: Can we please all agree that whatever else goes into health-care reform legislation, it ought not contain a dime for stuff that doesn’t work? Or has Teh Stoopid rendered even that common-sense position untenable?

Consumer advocacy: Elizabeth Warren sez, “We need a new model: If you can’t explain it, you can’t sell it.”

Once-a-century confluence?; or, Who are you and what have you done with the senator?: When Sen. James Inhofe and former New York Gov. Eliot Spitzer agree that it’s time SecTreas Tim Geithner resigned, maybe it really is time Tim Geithner resigned.

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