Thursday, May 31, 2007
Stupidity or Ego?
Another outstanding performance by DHS
All border agents were supposedly notified about Mr. Speaker. The computer system flagged his record. Why didn't the customs agents do the right thing?
More on subprime lending
What was new to me was that almost half of these subprime loans were made not to home buyers but to those who already owned a home - some for 20 years - and wanted to get some 'easy' cash. I've said for a while that not everyone should be a homeowner; it may be the American dream but not all dreams are realized. But when someone who has attained the dream and owns a home for many years succumbs to the blandishments of a mortgage broker or the need to impress his neighbors, that person is just plain stupid particularly when almost anybody could see that Detroit was not likely to be experiencing an economic rebirth soon.
While some claim that almost 2,000,000 were able to become homeowners because of subprime loans, the story is not over. Others estimate that before this is over, 2,400,000 will lose their home.
Wednesday, May 30, 2007
Use the other guy's strategy
Prove it!
The Intelligence Science Board has begun to address this issue. They published a book last December that looked at the scientific basis of various interrogation techniques. One conclusion is that today we are really not prepared to conduct effective investigations. In World War II we had interrogators who spoke the language of the prisoners and had considerable life experience and knowledge of the culture. Today, we rely largely on interpreters. Interrogators forty years ago focused on the psychology of the prisoners, rather than on trying to get answers via coercion.
One can draw a conclusion that you can get more information with sugar than with waterboarding.
Another good article from NYR
The books by Ross and Brzezinski espouse what are by now common themes - GW is a very poor president who has done much to weaken this country. Johnson is not a fan of George's either, but he does not blame our problems solely on George nor does he believe that our behavior in the 21st century is really that much different.
Johnson's book spends a fair amount of time on the 'empire' theme as he compares the U.S. to Rome. There are a couple of tidbits mentioned in the review that made me pause.
For example, do you know how many military bases we have overseas? The Pentagon says 737 in 132 countries (190 countries comprise the UN). But the official Pentagon report does not mention Kosovo, Qatar or Israel. Nor does it mention facilities in Britain that Johnson claims we run although they are nominally under the control of England. Also, many of these countries pay us an annual fee for our support; Japan paid $2.2 billion in 2002.
The Romans maintained 37 major garrisons around their world. England had 36. We have 38. Coincidence or some sort of law?
With regard to the GWOT and the claims to power of the president, Johnson quotes Benjamin Franklin, "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety."
Tuesday, May 29, 2007
What do sophisticated and unsophisticated investors have in common?
The guy who buys a house he cannot afford hopes that the housing market will be one that is perpetually rising or at least until he can find a greater fool to whom to sell his house. The private equity partner is more sophisticated but he hopes that the market will rise faster than his indebtedness.
Some of these homeowners will make money, as will some of these partners. But those making the money are typically the ones who are among the early participants in a particular market. The world is not structured so that all market participants will always make money.
The question is what happens when money is no longer being made. The homeowner loses his house, the mortgagor is stuck with bad paper, the economy suffers. The private equity partner will probably not lose his home, but the suffering to the economy will likely be much worse. Look at what happened when Long Term failed in the late ‘90s. An indication that the private equity people are now getting nervous is the IPOs being issued by some of the players. If the future looks so great, why should they share it with the public?
As the sub-prime market has shady players (e.g., companies that don’t check a buyer’s earnings) so has the private equity market. In this case, the shady players are likely to be the managers of the companies being acquired. How many of these managers are more concerned with the shareholders than their own pockets?
One indication of the end of a market is the amount of media hype as to how great the market is. Google 'private equity' and see how many responses turn up.
Monday, May 28, 2007
Burnout?
Words and Actions
The rhetoric is the claim that the mission of Immigration and Customs Enforcement is to 'protect America and uphold public safety by targeting the people, money and materials that support terrorist and criminal activities'. Well, 814,073 people have been charged with immigration violations by DHS in the past three years. Twelve - that's right, 12 - have been charged with terrorism. 'National security' is a broader term than terrorism. How many have been charged with this? 114. In fact, almost 90% of the immigration-related charges made by DHS are for such critical issues as entering the U.S. without an inspection, overstaying a student visa or not having a valid visa.
Saving us from the terrorists is today's mantra of those who care more about their fiefdom than their countrymen.
Sunday, May 27, 2007
It's a very big number
To get a second-by-second update of the cost, click here.
Saturday, May 26, 2007
One way to make a buck
Of course you knew this
The United States is the only advanced economy in the world that does not guarantee its workers paid vacation. European countries establish legal rights to at least 20 days of paid vacation per year, with legal requirement of 25 and even 30 or more days in some countries. Australia and New Zealand both require employers to grant at least 20 vacation days per year; Canada and Japan mandate at least 10 paid days off. The gap between paid time off in the United States and the rest of the world is even larger if we include legally mandated paid holidays, where the United States offers none, but most of the rest of the world's rich countries offer between five and 13 paid holidays per year.
In the absence of government standards, almost one in four Americans have no paid vacation and no paid holidays. According to government survey data, the average worker in the private sector in the United States receives only about nine days of paid vacation and about six paid holidays per year: less than the minimum legal standard set in the rest of world's rich economies excluding Japan (which guarantees only 10 paid vacation days and requires no paid holidays).
You have to pay your debts
Apparently in return for these favors, his company - not Gupta - hired former President Clinton as a consultant to provide advice on strategic growth and general business issues. Clinton may be a smart guy but is he worth $3,300,000, the amount of the consulting contract, to advise InfoUSA how to better market mailing lists?
Of course, a gentleman helps not only a man but his wife. Hillary and Bill have enjoyed $900,000 worth of first class travel on the InfoUSA plane. Gupta, being a smart businessman, has had his company assume these costs as well.
Some stockholders of InfoUSA have raised the question as to whether the repayment of Gupta's debt to the Clintons should be paid by the company.
I wonder how much money Harry Truman made after his presidency.
Who cares what the intelligence community says?
Apparently, the CIA and other intelligence agencies got some things right vis-a-vis this Iraq fiasco. Yesterday the Senate revealed details of a report issued by the agencies in January 2003 and circulated around the White House and the Pentagon. This report predicted violence between the Sunni and Shia. It also noted that attacking Iraq would help Al Qaeda and other Islamist organizations.
At the same time this report was circulating we were being told this nightmare would be a cakewalk.
If this were ancient Japan, Bush and company would fall on their swords. Maybe impeachment is the right thing to do now.
Friday, May 25, 2007
Will your kids have a better life than you?
The Pew Charitable Trust has embarked on a study of just what is happening to the American dream as measured by economic mobility. Their introductory report suggests that mobility ain't what it used to be. Of course, income inequality has mushroomed; from 1979 to 2004, the after-tax income of the poor dropped 9%, that of the wealthy jumped 69% and the super-rich took in 176% more.
Things don't look that great when you compare the salaries of fathers and sons. Sons in Germany, Canada and the Scandinavian countries all earn substantially more than the fathers; that is not true here and in England.
Nor are they much better looking at the salaries of fathers and sons when they were both 30 years old. Sons average 12% less than their fathers' salaries at the same age.
This will be a very interesting study.
A candidate with serious ideas about energy?
Richardson's not the most charismatic speaker. But he speaks sense, not arrogance. The more I learn about this guy, the more I feel he is by far the best candidate to lead us out of this morass.
Bill Moyers speaks to SMU graduating class
My young friends, you are not leaving here in ordinary times. The ancient Greeks had a word for a moment like this. They called it "kairos." Euripedes describes kairos as the moment when "the one who seizes the helm of fate, forces fortune." As I was coming here to Dallas today to ask what you are going to do to make the most of your life, I thought: Please God, let me be looking in the face of some young man or woman who is going to transcend the normal arc of life, who is going one day to break through, inspire us, challenge us, and call forth from us the greatness of spirit that in our best moments have fired the world's imagination. You know the spirit of which I speak. Memorable ideas sprang from it: "life, liberty, and the pursuit of happiness"…"created equal"… "government of, by, and for the people"…"the only thing we have to fear is fear itself"…"I have a dream."
Those were transformational epochs in American politics, brought forth by the founding patriots who won our independence, by Lincoln and his Lieutenants who saved the Union, by Franklin Roosevelt who saved capitalism and democracy, and by Martin Luther King, martyred in the struggle for equal rights. These moments would have been lost if left to transactional politics - the traditional politics of "You scratch my back and I'll scratch yours." But moral leadership transcended the realities at hand and changed the course of our history.
Never have we been more in need of transformational leadership.
America's a great promise but it's a broken promise.
It's not right that we are entering the fifth year of a war started on a suspicion. Whatever your party or politics, my young friends, America can't sustain a war begun under false pretenses because it is simply immoral to ask people to go on dying for the wrong reasons. We cannot win a war when our leaders don't have the will or courage to ask everyone to sacrifice, and place the burden on a few hundred thousand Americans from the working class led by a relative handful of professional officers. As is often said - America's not fighting the war; the American military is fighting the war, everyone else is at the mall. Our leaders are not even asking us to pay for it. They're borrowing the money and passing the IOU's to you and your kids.
America needs fixing. Our system of government is badly broken.
You are leaving here as our basic constitutional principles are under assault - the rule of law, an independent press, independent courts, the separation of church and state, and the social contract itself. I am sure you learned about the social contract here at SMU. It's right there in the Constitution - in the Preamble: "We, the People" - that radical, magnificent, democratic, inspired and exhilarating idea that we are in this together, one for all and all for one.
I believe this to be the heart of democracy. I know it to be a profoundly religious truth. Over in East Texas where I grew up, my father's greatest honor, as he saw it, was to serve as a deacon in the Central Baptist Church. In those days we Baptists were, in matters of faith, sovereign individualists: the priesthood of the believer, soul freedom, "Just you and me, Lord." But time and again, as my dad prayed the Lord's Prayer, I realized that it was never in the first person singular. It was always: "Give us this day our daily bread." We're all in this together; one person's hunger is another's duty.
Let me see if I can say it a different way. A moment ago, when the reunion class of 1957 stood up to be recognized, I was taken back half a century to my first year at the University of Texas. In my mind's eye I saw Gilbert McAlister - "Dr. Mac" - pacing back and forth in his introductory class to anthropology. He had spent his years as a graduate student among the Apache Indians on the plains of Texas. He said he learned from them the meaning of reciprocity. In the Apache tongue, he told us, the word for grandfather was the same as the word for grandson. Generations were linked together by mutual obligation. Through the years, he went on; we human beings have advanced more from collaboration than competition. For all the chest-thumping about rugged individuals and self-made men, it was the imperative and ethic of cooperation that forged America. Laissez-faire - "Leave me alone" - didn't work. We had to move from the philosophy of "Live and let live" to "Live and help live." You see, civilization is not a natural act. Civilization is a veneer of civility stretched across primal human appetites. Like democracy, civilization has to be willed, practiced, and constantly repaired, or society becomes a war of all against all.
Think it over: On one side of this city of Dallas people pay $69 for a margarita and on the other side of town the homeless scrounge for scraps in garbage cans. What would be the civilized response to such a disparity?
Think it over: In 1960 the gap in wealth between the top 20 percent of our country and the bottom 20 percent was 30 fold. Now it is 75 fold. Stock prices and productivity are up, and CEO salaries are soaring, but ordinary workers aren't sharing in the profits they helped generate. Their incomes aren't keeping up with costs. More Americans live in poverty - 37 million, including 12 million children. Twelve million children! Despite extraordinary wealth at the top, America's last among the highly developed countries in each of seven measures of inequality. Our GDP outperforms every country in the world except Luxembourg. But among industrialized nations we are at the bottom in functional literacy and dead last in combating poverty. Meanwhile, regular Americans are working longer and harder than workers in any other industrial nation, but it's harder and harder for them to figure out how to make ends meet…how to send the kids to college…and how to hold on securely in their old age. If we're all in this together, what's a civilized response to these disparities?
America's a broken promise. America needs fixing.
So I look out on your graduating class and pray some one or more of you will take it on. I know something about the DNA in this institution - the history that created this unique university. Although most of you are not Methodists, you can be proud of the Methodist in SMU. At the time of the American Revolution only a few hundred people identified with Methodism. By the Civil War it was the largest church in the country with one in three church members calling Methodism their faith community. No institution has done more to shape America's moral imagination. If America is going to be fixed, I believe someone with this DNA will be needed to do it. It's possible. So as you leave today, take with you Rilke's counsel "to assume our existence as broadly as we can, in any way we can. Everything, even the unheard of, must be possible in this life. The only courage demanded of us is courage for the most singular and the most inexplicable that we may encounter."
Some of the elders among you will remember that Martin Luther King made a powerful speech here at SMU in 1966. It's been said - this part of the story may be apocryphal - that when he was asked why he chose SMU instead of one of the all-black colleges, Dr. King replied: "Because if John Wesley were around he'd be standing right here with me." Martin Luther King said at SMU: "…The challenge in the days ahead is to work passionately and unrelentingly…to make justice a reality for all people." One of your own graduates - the Reverend Michael Waters - got it right a few years ago when he was a student here: "Martin Luther King became the symbol not only of the civil rights movement but of America itself: A symbol of a land of freedom where people of all races, creeds, and nationalities could live together as a Beloved Community."
Not as an empire. Or a superpower. Not a place where the strong take what they can and the weak what they must. But a Beloved Community. It's the core of civilization, the crux of democracy, and a profound religious truth.
But don't go searching for the Beloved Community on a map. It's not a place. It exists in the hearts and minds - our hearts and minds - or not at all.
I pray I am looking into the face of someone who will lead us toward it.
Good luck to each and every one of you.
Thursday, May 24, 2007
Olbermann sums it up
This is, in fact, a comment about… betrayal.
Few men or women elected in our history-whether executive or legislative, state or national-have been sent into office with a mandate more obvious, nor instructions more clear: Get us out of Iraq.
Yet after six months of preparation and execution-half a year gathering the strands of public support; translating into action, the collective will of the nearly 70 percent of Americans who reject this War of Lies, the Democrats have managed only this:
The Democratic leadership has surrendered to a president-if not the worst president, then easily the most selfish, in our history-who happily blackmails his own people, and uses his own military personnel as hostages to his asinine demand, that the Democrats "give the troops their money";
The Democratic leadership has agreed to finance the deaths of Americans in a war that has only reduced the security of Americans;
The Democratic leadership has given Mr. Bush all that he wanted, with the only caveat being, not merely meaningless symbolism about benchmarks for the Iraqi government, but optional meaningless symbolism about benchmarks for the Iraqi government.
The Democratic leadership has, in sum, claimed a compromise with the Administration, in which the only things truly compromised, are the trust of the voters, the ethics of the Democrats, and the lives of our brave, and doomed, friends, and family, in Iraq.
You, the men and women elected with the simplest of directions-Stop The War-have traded your strength, your bargaining position, and the uniform support of those who elected you… for a handful of magic beans.
You may trot out every political cliché from the soft-soap, inside-the-beltway dictionary of boilerplate sound bites, about how this is the "beginning of the end" of Mr. Bush's "carte blanche" in Iraq, about how this is a "first step." Well, Senator Reid, the only end at its beginning… is our collective hope that you and your colleagues would do what is right, what is essential, what you were each elected and re-elected to do.
Because this "first step"… is a step right off a cliff.
And this President!
How shameful it would be to watch an adult hold his breath, and threaten to continue to do so, until he turned blue.
But how horrifying it is to watch a President hold his breath and threaten to continue to do so, until innocent and patriotic Americans in harm's way, are bled white.
You lead this country, sir?
You claim to defend it?
And yet when faced with the prospect of someone calling you on your stubbornness–your stubbornness which has cost 3,431 Americans their lives and thousands more their limbs–you, Mr. Bush, imply that if the Democrats don't give you the money and give it to you entirely on your terms, the troops in Iraq will be stranded, or forced to serve longer, or have to throw bullets at the enemy with their bare hands.
How transcendentally, how historically, pathetic.
Any other president from any other moment in the panorama of our history would have, at the outset of this tawdry game of political chicken, declared that no matter what the other political side did, he would insure personally-first, last and always-that the troops would not suffer.
A President, Mr. Bush, uses the carte blanche he has already, not to manipulate an overlap of arriving and departing brigades into a ‘second surge,' but to say in unequivocal terms that if it takes every last dime of the monies already allocated, if it takes reneging on government contracts with Halliburton, he will make sure the troops are safe-even if the only safety to be found, is in getting them the hell out of there.
Well, any true President would have done that, sir.
You instead, used our troops as political pawns, then blamed the Democrats when you did so.
Not that these Democrats, who had this country's support and sympathy up until 48 hours ago, have not since earned all the blame they can carry home.
"We seem to be very near the bleak choice between war and shame," Winston Churchill wrote to Lord Moyne in the days after the British signed the Munich accords with Germany in 1938. "My feeling is that we shall choose shame, and then have war thrown in, a little later…"
That's what this is for the Democrats, isn't it?
Their "Neville Chamberlain moment" before the Second World War. All that's missing is the landing at the airport, with the blinkered leader waving a piece of paper which he naively thought would guarantee "peace in our time," but which his opponent would ignore with deceit.
The Democrats have merely streamlined the process.
Their piece of paper already says Mr. Bush can ignore it, with impugnity.
And where are the Democratic presidential hopefuls this evening? See they not, that to which the Senate and House leadership has blinded itself?
Judging these candidates based on how they voted on the original Iraq authorization, or waiting for apologies for those votes, is ancient history now.
The Democratic nomination is likely to be decided… tomorrow.
The talk of practical politics, the buying into of the President's dishonest construction "fund-the-troops-or-they-will-be-in-jeopardy," the promise of tougher action in September, is falling not on deaf ears, but rather falling on Americans who already told you what to do, and now perceive your ears as closed to practical politics.
Those who seek the Democratic nomination need to-for their own political futures and, with a thousand times more solemnity and importance, for the individual futures of our troops-denounce this betrayal, vote against it, and, if need be, unseat Majority Leader Reid and Speaker Pelosi if they continue down this path of guilty, fatal acquiescence to the tragically misguided will of a monomaniacal president.
For, ultimately, at this hour, the entire government has failed us.
Mr. Reid, Mr. Hoyer, and the other Democrats… have failed us. They negotiated away that which they did not own, but had only been entrusted by us to protect: our collective will as the citizens of this country, that this brazen War of Lies be ended as rapidly and safely as possible.
Mr. Bush and his government… have failed us. They have behaved venomously and without dignity-of course. That is all at which Mr. Bush is gifted.
We are the ones providing any element of surprise or shock here.
With the exception of Senator Dodd and Senator Edwards, the Democratic presidential candidates have (so far at least) failed us.
They must now speak, and make plain how they view what has been given away to Mr. Bush, and what is yet to be given away tomorrow, and in the thousand tomorrows to come.
Because for the next fourteen months, the Democratic nominating process–indeed the whole of our political discourse until further notice–has, with the stroke of a cursed pen, become about one thing, and one thing alone. The electorate figured this out, six months ago.
The President and the Republicans have not-doubtless will not.
The Democrats will figure it out, during the Memorial Day recess, when they go home and many of those who elected them will politely suggest they stay there-and permanently.
Because, on the subject of Iraq the people have been ahead of the media….
Ahead of the government…
Ahead of the politicians…
For the last year, or two years, or maybe three.
Our politics… is now about the answer to one briefly-worded question.
Mr. Bush has failed.
Mr. Warner has failed.
Mr. Reid has failed.
So. Who among us will stop this war-this War of Lies? To he or she, fall the figurative keys to the nation.
To all the others-presidents and majority leaders and candidates and rank-and-file Congressmen and Senators of either party-there is only blame… for this shameful, and bi-partisan, betrayal.
Mining the developing world
Gaming the system
I guess the Navy felt that they could avoid the time of going through normal procurement channels by using the small business program. Why they hired a company with no experience building the system is the question. It seems as though they did so more to route business to some of their friends rather than produce a quality system quickly. The results were what you would expect - $100,000,000 down the drain and a system that did not work.
Wednesday, May 23, 2007
It's Wednesday. Time for a new strategy.
- Is the surge strategy about to be shelved?
- Is this the final strategy we'll try?
- Why has it taken almost two years and who knows how many deaths and injuries to adopt a proven counter-insurgency strategy?
The end of a busy day
You and especially our leaders should read this story in today's NY Times. The accompanying video is particularly powerful.
Tuesday, May 22, 2007
Setting another record
Some Insight
The survey compared American Muslims to those living in England, France, Germany and Spain. There was a fairly large difference in the economic status of those interviewed. In this country only 2% were considered low income; in the other countries this number varied between 18 and 23%.
How much influence does your economic status have on your views? I think a fair amount. Perhaps, that's why American Muslims seem more moderate.
Monday, May 21, 2007
A big one
What the average Iraqi thinks of this monolith is unknown. I doubt that he would believe we'd be leaving soon. Of course, it does make an attractive target for the insurgents. There have already been a number of attacks.
I wonder whose budget is funding this.
Three Views of China
1. Quality control is not their forte
Last month the FDA detained 107 food imports and 1,000 shipments of dietary supplements from
Market control is becoming a forte
For example, China has 80% of the market for ascorbic acid, a preservative used in many foods. Only one company in America still makes it.
2. They like private equity
They are investing $3 billion in Blackstone Group as a first step in trying to improve the return on their $1.2 trillion in foreign-exchange reserves, most of which is now invested in U.S. government bonds.
3. They may be the first totalitarian country to be an economic power around the world.They’ve been able to grow their economy at a very impressive pace, satisfy a growing middle class and yet run the show absolutely.
Sunday, May 20, 2007
What about the surge?
Sometimes you have to acknowledge a loss and move on. This is one of those times.
Saturday, May 19, 2007
Explaining it to Rudy
CNN contributor. Emphases are mine.
(CNN) -- Former New York Mayor Rudy Giuliani was declared the winner of Tuesday's Republican presidential debate in South Carolina, largely for his smack down of Texas Rep. Ron Paul, who suggested that America's foreign policy contributed to the destruction on September 11, 2001.
Paul, who is more of a libertarian than a Republican, was trying to offer some perspective on the pitfalls of an interventionist policy by the American government in the affairs of the Middle East and other countries.
"Have you ever read about the reasons they attacked us? They attack us because we've been over there. We've been bombing Iraq for 10 years," he said.
That set Giuliani off.
"That's really an extraordinary statement," said Giuliani. "As someone who lived through the attack of September 11, that we invited the attack because we were attacking Iraq; I don't think I've ever heard that before and I've heard some pretty absurd explanations for September 11."
As the crowd applauded wildly, Giuliani demanded that Paul retract his statements.
Paul tried to explain the process known as "blowback" -- which is the result of someone else's action coming back to afflict you -- but the audience drowned him out as the other candidates tried to pounce on him.
After watching all the network pundits laud Giuliani, it struck me that they must be the most clueless folks in the world.
First, Giuliani must be an idiot to not have heard Paul's rationale before. That issue has been raised countless times in the last six years by any number of experts.
Second, when we finish with our emotional response, it would behoove us to actually think about what Paul said and make the effort to understand his rationale.
Granted, Americans were severely damaged by the hijacking of U.S. planes, and it has resulted in a worldwide fight against terror. Was it proper for the United States to respond to the attack? Of course! But should we, as a matter of policy, and moral decency, learn to think and comprehend that our actions in one part of the world could very well come back to hurt us, or, as Paul would say, blow back in our face? Absolutely. His real problem wasn't his analysis, but how it came out of his mouth.
What has been overlooked is that Paul based his position on the effects of the 1953 ouster by the CIA of Iranian Prime Minister Mohammad Mossadegh.
An excellent account of this story is revealed in Stephen Kinzer's alarming and revealing book, "Overthrow: America's Century of Regime Change from Hawaii to Iraq," where he writes that Iran was establishing a government close to a democracy. But Mossadegh wasn't happy that the profit from the country's primary resource -- oil -- was not staying in the country.
Instead, the Anglo-Iranian Oil Company (now known British Petroleum, or BP) was getting 93 percent of the profits. Mossadegh didn't like that, and wanted a 50-50 split. Kinzer writes that that didn't sit too well with the British government, but it didn't want to use force to protect its interests. But their biggest friend, the United States, didn't mind, and sought to undermine Mossadegh's tenure as president. After all kinds of measures that disrupted the nation, a coup was financed and led by President Dwight Eisenhower's CIA, and the Shah of Iran was installed as the leader. We trained his goon squads, thus angering generations of Iranians for meddling in that nation's affairs.
As Paul noted, what happened in 1953 had a direct relationship to the takeover of the U.S. Embassy in 1979. We viewed that as terrorists who dared attack America. They saw it as ending years of oppression at the hands of the ruthless U.S.-backed Shah regime.
As Americans, we believe in forgiving and forgetting, and are terrible at understanding how history affects us today. We are arrogant in not recognizing that when we benefit, someone else may suffer. That will lead to resentment and anger, and if suppressed, will boil over one day.
Does that provide a moral justification for what the terrorists did on September 11?
Of course not. But we should at least attempt to understand why.
Think about it. Do we have the moral justification to explain the killings of more than 100,000 Iraqis as a result of this war? Can we defend the efforts to overthrow other governments whose actions we perceived would jeopardize American business interests?
The debate format didn't give Paul the time to explain all of this. But I'm confident this is what he was saying. And yes, we need to understand history and how it plays a vital role in determining matters today.
At some point we have to accept the reality that playing big brother to the world -- and yes, sometimes acting as a bully by wrongly asserting our military might -- means that Americans alive at the time may not feel the effects of our foreign policy, but their innocent children will.
Even the Bible says that the children will pay for the sins of their fathers.
Is it toothpaste now?
Friday, May 18, 2007
We know best
- In 1979 France removed the emperor of Central African Republic and put in its own person.
- In 1986 they sent planes and men to stop the Libyan invasion of Chad.
- In 1994 they sent 2,500 troops to Rwanda to 'protect' people during the civil war. Some say French troops supported the massacres.
- In 2002 troops were sent to put down a rebellion in Ivory Coast.
- In 2007 troops were sent to put down an incipient rebellion in Central African Republic.
- About half of the French forces are stationed in Africa.
Thursday, May 17, 2007
Still the same after all these years
Research or Promotion
The director of the hurricane center says that the satellite which enables forecasters to measure wind speed and direction is old and failing; it should be replaced, but there are no plans for doing so.
Another Sign...
Of course, what happens if we catch cold is still unknown, but it's unlikely that it will not have a major impact on the global economy. We're still just too big a factor.
Wednesday, May 16, 2007
He was Governor of Massachusetts...
Here are my thoughts on Mitt's job as governor. I find it hard to believe that he is still in the running.
Hey, you never know when you may run out of a vital part
Mirror, Mirror on the Wall
Like the previous reports, we don't fare very well. In fact, we rank last. The authors attribute a large part of our poor showing to the unavailability of universal health care. A somewhat more subtle reason is our chauvinism which leads to an unwillingness to adopt systems and policies that work well in other countries.
Tuesday, May 15, 2007
As many contractors as soldiers?
Amputee Month
On Sunday the Style section highlighted a dancer.
Today the Sports section featured a runner.
Is the paper on a campaign to publicize amputees? Or, is an amputee now an editor?
Monday, May 14, 2007
234 in 11 days
When will the surge have a positive effect?
What's wrong with setting goals?
And, of course, with our fear of words we also object to the following:
A clause saying "climate change is speeding up and will seriously damage our common natural environment and severely weaken (the) global economy... resolute action is urgently needed in order to reduce global greenhouse gas emissions" is struck out.
So are a statement that "we are deeply concerned about the latest findings confirmed by the Intergovernmental Panel on Climate Change (IPCC)", and a commitment to send a "clear message" on international efforts to combat global warming at the next round of UN climate talks in December.
Today's stupid act
Saturday, May 12, 2007
Lies, Theft, Corruption?
The production of electricity keeps falling. Last year the grid produced 4300 megawatts, this year it's 3800.
Friday, May 11, 2007
Name the country
The country wants to be 'self-sufficient' to reduce its dependence on foreign commerce, which is used by the Jewish-Crusaders to keep the country weak and dependent.
Major strikes have been a common occurrence since the Fall. In one strike the capital was basically shut down for several days.
Workers' rights have no place here because the state can keep 'the community of the faithful' free of class struggle
Imports are restricted to such a degree that many factories do not have spare parts. Oil equipment is in such a state of disrepair that the country, a major oil producer, has to import oil.
Did you guess 'Iran'?
I hope you can access this article by Amir Taheri (who does not sound like a nut case) in a recent Wall Street Journal.
Will the system grind to a halt?
But it isn't just our transportation infrastructure. A few months ago I reported on problems with our water infrastructure.
Thursday, May 10, 2007
Another attempt at controlling information
What are these guys afraid of? The truth?
Who wants a timetable for Iraq?
The article goes on to claim that the battle for Iraq is between nationalists (who want a strong central government) and separatists (who do not want a strong central government). In the writers' opinion the U.S. is on the side of the separatists and have rebuffed overtures from the nationalist side. Clearly, the major media have not posed the same conflict.
Who will be proven correct?
Wednesday, May 09, 2007
Heads I win. Tails I win.
Gary Loveman, CEO of Harrah's, pulled off the same type of deal. He cashed in his options (worth about $90,000,000) because the company was sold, but was able to continue as CEO of the new company.
These are golden parachutes that continue to pay even though you do not have to jump. Great deal if you can get it.
Mickey Mouse, one country's version
It's a marketing world...
It's amazing how much things have changed in a relatively short time. My last child graduated from Middlebury in 2000. There was no market for tickets to the graduation. Just this past week, I met a grandmother who was in tears because the post office had lost the tickets to her granddaughter's graduation. Are graduation ceremonies becoming entertainment venues now?
Tuesday, May 08, 2007
Will it last?
Monday, May 07, 2007
Still not fixed
Another cost of the war
His lips should be cut off for indecency
More recruiting problems
Sunday, May 06, 2007
Further Thoughts on Town Meeting
Well, it may be that many of those who voted to spend this money do not really know what they pay in property taxes. Most of them have mortgages; the tax payment is usually part of their monthly payment to the bank. H&R Block does well on the Island. Many of the voters don't prepare their tax return and. hence, have no idea that their tax bill has increased over 60% in six years.
It's a weird way of managing your finances. But, hey, it's their way.
$456 billion and growing
Saturday, May 05, 2007
90% for offense
The security budget of the United States should be made up of these three parts - offense (the military), defense (Homeland Security) and prevention (diplomacy). We currently spend 90% of our security budget on offense. a lot of it on exotic weapons systems for which,"GAO's reviews of weapons over three decades have found consistent cost increases, schedule delays, and performance shortfalls." Yet, we continue to propose these budget-breaking systems with little regard to the need for defense and prevention.
Lawrence Korb and Miriam Pemberton have once more produced a Unified Security Budget that challenges the conventional Pentagon budget process and asks Congress to look at all three components of our security - offense, defense and prevention.
Maybe some year this will happen.
1 out of 21
She addresses the issue of computer security, particularly 'phishing' by frauds claiming to be your bank. Her solution is simple: Create a new domain, BANK, which would be restricted to real banks. The fee for using this domain would be high for an individual ($50,000 - $150,000) but cheap for a bank and the process of receiving a spot in this domain would be much more rigorous than the five minutes it now takes to get a web site name for the com or net or org domains.
It's simple, yet elegant. Will ICANN implement it?
If you think our legislators are criminals....
Most of these criminals run in order to make money through the granting of construction contracts; they spend most of their time dealing with construction. As a result, child malnutrition levels in India are worse than in Sub-Saharan Africa; 46% of Indian children under 3 are underweight. In Uttar Pradesh, polio has come back; only Nigeria has more cases of polio than does Uttar Pradesh.
The problem of electing those who have either been convicted or are accused of crimes seems to be a factor of the caste system. "He may be a criminal, but he is our criminal," seems to be the mantra.
This is becoming boring
Friday, May 04, 2007
Government follows the Corporate World
Reconstruction is not moving ahead in Iraq
Lost: One Body
There's a turf war going on between the Medical Examiner and his boss. The boss claims there's plenty of money to get the job done. The Medical Examiner says he has not received the money in his budget, which has increased 38% in two years.
Update:
The body was found in a grave. Apparently, the wrong body was buried as the body one of the paupers was found at the State Medical Office.
Wednesday, May 02, 2007
Shoeshine Boy
One story told about Joseph Kennedy, the family patriarch, was how he made his decision to get out of the stock market before the crash. The fellow shining his shoes told Kennedy about the success he had had in the market and then predicted how the market would behave over the next week. Kennedy concluded the guy was right, but, he reasoned, if a lowly shoeshine boy could predict the market, there was a fundamental flaw in the market itself. Hence, it was time to get out. Are we reaching the same time as the use of leverage becomes a tool of Joe Investor?
Part of the problem can be traced to the hedge funds, which seem to be springing up all over the place. They’re borrowing a heck of a lot of money, and there is very little oversight by the government or the investment community nor is there a lot of collateral as exotic transactions are being used which allow them to borrow with very little down. Things have reached a state where the NY Fed, SEC and European regulators have started meeting to take a measure of the risk.
We’re talking big numbers here. Hedge funds borrowed $1.46 trillion last year; five years ago they borrowed $177 billion. Margin debt of individual investors set a new record, $293.2 billion, in March. Five years ago, margin debt was $134.58 billion.
Even such conservative organizations as the Pennsylvania State Employees Retirement System are part of the crowd. Are they the shoeshine boy of 2007?
NIH
Homeland Security seems to have finally accepted the fact that the Interpol system of tracking stolen passports does have merit. It does not do everything DHS would like but it's good enough so that a variety of governments - France, Barbados, New York City - have used it since 2004. How many have gotten into the U.S. with stolen passports in the interim?
Something nice for a change
The icing on the cake is that one of the winners is learning disabled, the other a single mother.
Tuesday, May 01, 2007
Are we more evil?
How much are we spending on housing our 2,000,000 prisoners? How much are we spending on the war on drugs? How much are we spending on helping those who need our help?