Blog on the Run: Reloaded

Friday, August 28, 2015 11:32 pm

Odds and ends for Aug. 28

Wikileaks founder Julian Assange may be a kiddy diddler or he may be totally innocent, but one way or the other, it’s long past time we found out which.

Even if this climate change legislation passes in California, I fear the extraction industries have too much sway in Congress to save us from climate-change-based extinction.

Sigh. The government gets another chance to justify its blatantly unconstitutional NSA info-gathering.

So guess what Subway knew years in advance about spokesperv Jared Fogle. Go on. You’ll never guess.

John Oliver now has been cited, approvingly, in a federal court decision. Go, John.

The anti-choice movement doesn’t give a damn about sexism, racism or ableism. They just want you to think they do. For that matter, if they gave a damn about preventing abortions, they’d be supporting cheaper, better birth control and better sex education, but they don’t care about that, either. What they care about is, to borrow a phrase from Charlie Pierce, ladyparts and the ladies who use them without permission.

We’re still holding dozens of people in Guantanamo whom we plan neither to charge nor to release. Sorry, Obama (and whoever succeeds you), but you don’t get to play that game. Charge ’em or let ’em go. Put up or shut up.

Was the “Nazi gold train” in Poland near the end of World War II real? And has it been found? Stay tuned.

Amid the Ashley Madison scandal, right-wing Christianity has been the dog that didn’t bark.

Turns out loser La. Gov. Bobby Jindal asked President Obama not to talk about climate change when he visited New Orleans yesterday for the Katrinaversary (h/t: @adrastosno). And the president reminded us again how empty is the bag of fks he has to give. Also: bonus stuff Jindal either doesn’t understand or is being paid to ignore.

If Peggy Noonan would just stop drinking, she’d sober up and realize that, no, Donald Trump is not going to carry the Hispanic vote. But that’s an “if” too far.

My friend Mark Barrett addresses the Koch Brothers’  move into N.C. health care, which can only be bad.

Finally, just because, my friend Beau Dure on the lyrical mess that is R.E.M.’s “What’s the Frequency, Kenneth?”

Oh, and wait: A Friday Random 10!

R.E.M. – Driver 8 (You can’t make this up)
Delta Moon – Money Changes Everything
LMNT – Juliet
Velvet Underground – Waiting for the Man
Legendary Pink Dots – Black Highway
Jackson Browne – Pretender
Carbon Leaf – What About Everything
Morissey – Suedehead
Neil Young – Rockin’ in the Free World
Counting Crows – Rain King

lagniappe: Romeo Void – Never Say Never

 

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Thursday, October 9, 2014 8:31 pm

No, both sides DON’T do it, Part the Infinity

Every time I or anyone else correctly points out the disproportionate influence of conservative spending on the American electoral process at both the federal and state levels, someone — either a liar or a useful idiot — usually pipes up with, “But the liberals do it, too!” In point of fact, a quick visit to OpenSecrets.org will show you that while both sides might do it, one side does it far more than the other, and that just happens to be the same side that also has been working for more private money and less transparency with respect to money in the political system. That money, in turn, leads to necrosis of our one-person, one-vote system.

In particular, every time I or anyone else points out the disproportionate influence of the Koch Bros.’ spending on the system, someone — either a liar or a useful idiot — usually pipes up with, “But … but … SOROS!” And, yes, billionaire George Soros does contribute a fair bit of money to liberal candidates and causes.

But nowhere near as much as do the Kochs. From an objective, mathematical standpoint, the comparison is just silly.

So, all you both-siders: You now know that you’re wrong. If you’re going to continue to insist on being a both-sider, I’d like to know: Which are you, liar or useful idiot?

Sunday, September 28, 2014 6:31 pm

When the Koch Bros.’ Americans for Prosperity meddles with voter registration …

Load Images To See What the Koch Brothers Are Doing Now To Influence Our Elections in North Carolina

 

 

Saturday, September 27, 2014 6:40 pm

How Koch Industries could blow up financial markets again

If you liked 2008, you’ll love what could happen next:

Koch is also reaping the benefits from Dodd-Frank’s impacts on Wall Street. The so-called Volcker Rule, implemented at the end of last year, bans investment banks from “proprietary trading” – investing on their own behalf in securities and derivatives. As a result, many Wall Street banks are unloading their commodities-trading units. But Volcker does not apply to nonbank traders like Koch. They’re now able to pick up clients who might previously have traded with JPMorgan. In its marketing materials for its trading operations, Koch boasts to potential clients that it can provide “physical and financial market liquidity at times when others pull back.” Koch also likely benefits from loopholes that exempt the company from posting collateral for derivatives trades and allow it to continue trading swaps without posting the transactions to a transparent electronic exchange. Though competitors like BP and Cargill have registered with the CFTC as swaps dealers – subjecting their trades to tightened regulation – Koch conspicuously has not.

So, basically, Koch can now do to the nation’s and the world’s commodities markets what it has done to our air and water. And Congress, its morals and environmental concerns lubed by tens of millions in Koch lobbying money, is letting the company go right ahead and do that. And it will do it; the company’s regulatory and criminal record is one of almost unrelieved violations, punctuated only by fines that, while perhaps big in historical terms, are no more than a minor annoyance to the company’s balance sheet. More than enough evidence exists to level a RICO charge against CEO Charles Koch.

That a massive company with such a troubling record as Koch Industries remains unfettered by financial regulation should strike fear in the heart of anyone with a stake in the health of the American economy. Though Koch has cultivated a reputation as an economically conservative company, it has long flirted with danger. And that it has not suffered a catastrophic loss in the past 15 years would seem to be as much about luck as about skillful management.

What Congress does not seem to grasp is that luck and hope are not plans. Meanwhile, Koch Industries is doing its own planning:

In “the science of success,” Charles Koch highlights the problems created when property owners “don’t benefit from all the value they create and don’t bear the full cost from whatever value they destroy.” He is particularly concerned about the “tragedy of the commons,” in which shared resources are abused because there’s no individual accountability. “The biggest problems in society,” he writes, “have occurred in those areas thought to be best controlled in common: the atmosphere, bodies of water, air. . . .”

But in the real world, Koch Industries has used its political might to beat back the very market-based mechanisms – including a cap-and-trade market for carbon pollution – needed to create the ownership rights for pollution that Charles says would improve the functioning of capitalism.

In fact, it appears the very essence of the Koch business model is to exploit breakdowns in the free market. Koch has profited precisely by dumping billions of pounds of pollutants into our waters and skies – essentially for free. It racks up enormous profits from speculative trades lacking economic value that drive up costs for consumers and create risks for our economy.

That is a business model for whose banning we have more than sufficient justification. Koch Industries is the industrial and financial equivalent of a serial killer. It has killed many times, and left unimpeded, it is certain to kill again many more times.

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