Wednesday, April 30, 2008

April 30, 2008
NYTimes Op-Ed Columnist
Dumb as We Wanna Be
By THOMAS L. FRIEDMAN

It is great to see that we finally have some national unity on energy policy. Unfortunately, the unifying idea is so ridiculous, so unworthy of the people aspiring to lead our nation, it takes your breath away. Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer’s travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.

When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.

No, no, no, we’ll just get the money by taxing Big Oil, says Mrs. Clinton. Even if you could do that, what a terrible way to spend precious tax dollars — burning it up on the way to the beach rather than on innovation?

The McCain-Clinton gas holiday proposal is a perfect example of what energy expert Peter Schwartz of Global Business Network describes as the true American energy policy today: “Maximize demand, minimize supply and buy the rest from the people who hate us the most.”

Good for Barack Obama for resisting this shameful pandering.

But here’s what’s scary: our problem is so much worse than you think. We have no energy strategy. If you are going to use tax policy to shape energy strategy then you want to raise taxes on the things you want to discourage — gasoline consumption and gas-guzzling cars — and you want to lower taxes on the things you want to encourage — new, renewable energy technologies. We are doing just the opposite.

Are you sitting down?

Few Americans know it, but for almost a year now, Congress has been bickering over whether and how to renew the investment tax credit to stimulate investment in solar energy and the production tax credit to encourage investment in wind energy. The bickering has been so poisonous that when Congress passed the 2007 energy bill last December, it failed to extend any stimulus for wind and solar energy production. Oil and gas kept all their credits, but those for wind and solar have been left to expire this December. I am not making this up. At a time when we should be throwing everything into clean power innovation, we are squabbling over pennies.

These credits are critical because they ensure that if oil prices slip back down again — which often happens — investments in wind and solar would still be profitable. That’s how you launch a new energy technology and help it achieve scale, so it can compete without subsidies.

The Democrats wanted the wind and solar credits to be paid for by taking away tax credits from the oil industry. President Bush said he would veto that. Neither side would back down, and Mr. Bush — showing not one iota of leadership — refused to get all the adults together in a room and work out a compromise. Stalemate. Meanwhile, Germany has a 20-year solar incentive program; Japan 12 years. Ours, at best, run two years.

“It’s a disaster,” says Michael Polsky, founder of Invenergy, one of the biggest wind-power developers in America. “Wind is a very capital-intensive industry, and financial institutions are not ready to take ‘Congressional risk.’ They say if you don’t get the [production tax credit] we will not lend you the money to buy more turbines and build projects.”

It is also alarming, says Rhone Resch, the president of the Solar Energy Industries Association, that the U.S. has reached a point “where the priorities of Congress could become so distorted by politics” that it would turn its back on the next great global industry — clean power — “but that’s exactly what is happening.” If the wind and solar credits expire, said Resch, the impact in just 2009 would be more than 100,000 jobs either lost or not created in these industries, and $20 billion worth of investments that won’t be made.

While all the presidential candidates were railing about lost manufacturing jobs in Ohio, no one noticed that America’s premier solar company, First Solar, from Toledo, Ohio, was opening its newest factory in the former East Germany — 540 high-paying engineering jobs — because Germany has created a booming solar market and America has not.

In 1997, said Resch, America was the leader in solar energy technology, with 40 percent of global solar production. “Last year, we were less than 8 percent, and even most of that was manufacturing for overseas markets.”

The McCain-Clinton proposal is a reminder to me that the biggest energy crisis we have in our country today is the energy to be serious — the energy to do big things in a sustained, focused and intelligent way. We are in the midst of a national political brownout.

Tuesday, April 29, 2008

Inmates running the Asylm [financial markets]



April 27, 2008
from NYTimes, Everybody’s Business
Wall Street, Run Amok
By BEN STEIN

You don’t really need to find out what’s going on.

You don’t really want to know just how far it’s gone.

Just leave well enough alone... .

— Don Henley, “Dirty Laundry”

YOU may well be asking yourself, as I have asked myself, how on earth did the credit crisis on Wall Street become such a catastrophe?

How did all of the mechanisms operated by the mind-bogglingly well-paid men and women of the Street go so wrong that we saw a major investment bank, Bear Stearns, essentially disappear? How did Wall Street firms of ancient lineage take such immense losses that they made banks clam up on lending — at great risk to the economy?

Weren’t fail-safe devices in place to guard against risk? Weren’t government watchdogs there to make sure that catastrophes could not happen? Weren’t ratings agencies on the job to police what was going on in the canyons of Lower Manhattan?

To paraphrase Dr. Evil in the “Austin Powers” movies: “How about ‘no,’ Scott?”

Anyone who cares about this disaster would be extremely well advised — and I’d underline “extremely” as often as possible — to read a speech on the matter that was given on April 8 by a genius investor named David Einhorn at a Grant’s Interest Rate Observer event.

Mr. Einhorn runs Greenlight Capital, a successful hedge fund. He also isn’t an infallible observer of human lapses and regulatory failures — he invested in and briefly served on the board of New Century, a subprime mortgage lender that later went bust amid accounting problems. (When I sought his response, Mr. Einhorn said he did not want to comment on New Century or on his essay.)

Yet his speech so well explains what went wrong in the financial debacle that it’s frightening. Here is my CliffsNotes version of it.

First, Maestro Einhorn points out that the fellows who run big investment banks have a strong incentive to maximize their assets and leverage themselves into deep trouble because their pay is a function of how much debt they can pile on. If they can use relatively low-interest debt to generate slightly higher returns, the firm earns more revenue and executive pay increases. Often, an astonishing 50 percent of total revenue goes to employee compensation at Wall Street firms.

NOW, you may ask, what kind of assets were they acquiring with that debt? Well, sometimes, as with Bear Stearns, the leveraged assets are mostly government agency debt, which used to be regarded as fairly safe.

Sometimes, as Mr. Einhorn notes, those portfolios also hold stocks, bonds, loans awaiting securitization, and pieces of structured finance deals. They also hold heavy exposure to derivatives that have stunning risk profiles and can produce astounding losses in bad circumstances. They might also contain real estate assets and have exposure to private equity deals.

In other words, they can hold some scary “assets.” What do they hold as capital against such risks? You would think it would be cash or Treasury bonds, wouldn’t you? But no.

Under an interesting set of rules promulgated by the Securities and Exchange Commission in 2004, called “Alternative Net Capital Requirements for Broker-Dealers That Are Part of Consolidated Supervised Entities,” the amount of capital that had to underlie assets was reduced substantially. (Mr. Einhorn rightly says that this set of rules should have been called the “Bear Stearns Future Insolvency Act of 2004.”)

Through the act, the S.E.C. — acting as one of Wall Street’s chief regulators, mind you — also allowed such things as “hybrid capital instruments” (much riskier than cash or Treasuries), subordinated debt (ditto) and even deferred return of taxes, to be counted as capital. The S.E.C. even allowed the banks to hold securities “for which there is no ready market” as capital.

“These adjustments reduced the amount of required capital to engage in increasingly risky activities,” Mr. Einhorn says.

In response to Mr. Einhorn’s critique, an S.E.C. spokesman told me that these changes could theoretically lower capital, but that the agency has seen no evidence that that has, in fact, occurred.

But Mr. Einhorn has even more troubling observations. He says the S.E.C. also allowed broker-dealers to set their own valuations on assets and liabilities that were hard to value. And broker-dealers could assign their own creditworthiness ratings to counterparties in complex derivatives transactions when those counterparties were otherwise unrated.

In a word, Mr. Einhorn says, the S.E.C. told Wall Street to police itself to save on regulatory costs, while not bothering to “discuss the cost to society of increasing the probability that a large broker-dealer could go bust.”

A result of all this, he says, was as follows:

“The owners, employees and creditors of these institutions are rewarded when they succeed, but it is all of us, the taxpayers, who are left on the hook if they fail. This is called private profits and socialized risk. Heads, I win. Tails you lose. It is a reverse-Robin Hood system.”

And when it all went kaput during the Bear Stearns debacle, the likable chairman of the S.E.C., Christopher Cox, said that the system was fine and needed no immediate repairs. Of course, Henry M. Paulson Jr., the Treasury secretary, is calling for merging the S.E.C. with the easygoing Commodity Futures Trading Commission, in the financial equivalent of setting off a Doomsday Device.

The S.E.C. told me that all of its actions were helpful to investors and that no one could have prevented the Bear Stearns collapse because it was caused by liquidity issues, not capital issues. My respectful response is that if Bear were thoroughly well capitalized, why would liquidity issues come up at all?

There is much more in Mr. Einhorn’s speech about how dramatically understaffed the ratings agencies are in assessing risk on Wall Street and how even the biggest ratings agencies largely allowed the Street to rate itself.

The big ratings firms, according to Mr. Einhorn, do not even bother to assess the major investment banks’ portfolios because they change so often.

It looks to me as if the inmates are running the asylum. One truth, that deregulation is sometimes a good thing, has been followed down so long and winding a road that it has led to an immense lie: that deregulation carried to an extreme will not lead to calamity.

To think that people of this mind-set are in charge of the finances of the nation that is the cornerstone of world freedom is terrifying. Mr. Einhorn may well have done us a service of great value."

__________________________________

J.Stewart's take on "embeded soldiers" in Media

Thursday, April 24, 2008

A Nation at Risk: No Solutions from G. Will

Education Lessons We Left Behind

By George F. Will
Thursday, April 24, 2008; A21

If an unfriendly power had attempted to impose on America the mediocre educational performance that exists today, we might well have viewed it as an act of war.

-- "A Nation at Risk" (1983)

Let us limp down memory lane to mark this week's melancholy 25th anniversary of a national commission's report that galvanized Americans to vow to do better. Today the nation still ignores what had been learned years before 1983.

Sen. Daniel Patrick Moynihan once puckishly said that data indicated that the leading determinant of the quality of public schools, measured by standardized tests, was the schools' proximity to Canada. He meant that the geographic correlation was stronger than the correlation between high test scores and high per-pupil expenditures.

Moynihan also knew that schools cannot compensate for the disintegration of families and hence communities -- the primary transmitters of social capital. No reform can enable schools to cope with the 36.9 percent of all children and 69.9 percent of black children today born out of wedlock, which means, among many other things, a continually renewed cohort of unruly adolescent males.

Chester Finn, a former Moynihan aide, notes in his splendid new memoir ("Troublemaker: A Personal History of School Reform Since Sputnik") that during the Depression-era job scarcity, high schools were used to keep students out of the job market, shunting many into nonacademic classes. By 1961, those classes had risen to 43 percent of all those taken by students. After 1962, when New York City signed the nation's first collective bargaining contract with teachers, teachers began changing from members of a respected profession into just another muscular faction fighting for more government money. Between 1975 and 1980 there were a thousand strikes involving a million teachers whose salaries rose as students' scores on standardized tests declined.

In 1964, SAT scores among college-bound students peaked. In 1965, the Elementary and Secondary Education Act (ESEA) codified confidence in the correlation between financial inputs and cognitive outputs in education. But in 1966, the Coleman report, the result of the largest social science project in history, reached a conclusion so "seismic" -- Moynihan's description -- that the government almost refused to publish it.

Released quietly on the Fourth of July weekend, the report concluded that the qualities of the families from which children come to school matter much more than money as predictors of schools' effectiveness. The crucial common denominator of problems of race and class -- fractured families -- would have to be faced.

But it wasn't. Instead, shopworn panaceas -- larger teacher salaries, smaller class sizes -- were pursued as colleges were reduced to offering remediation to freshmen.

In 1976, for the first time in its 119-year history, the National Education Association, the teachers union, endorsed a presidential candidate, Jimmy Carter, who repaid it by creating the Education Department, a monument to the premise that money and government programs matter most. At the NEA's behest, the nation has expanded the number of teachers much faster than the number of students has grown. Hiring more, rather than more competent, teachers meant more dues-paying union members. For decades, schools have been treated as laboratories for various equity experiments. Fads incubated in education schools gave us "open" classrooms, teachers as "facilitators of learning" rather than transmitters of knowledge, abandonment of a literary canon in the name of "multiculturalism," and so on, producing a majority of high school juniors who could not locate the Civil War in the proper half-century.

In 1994, Congress grandly decreed that by 2000 the high school graduation rate would be "at least" 90 percent and that American students would be "first in the world in mathematics and science achievement." Moynihan, likening such goals to Soviet grain quotas -- solemnly avowed, never fulfilled -- said: "That will not happen." It did not.

Moynihan was a neoconservative before neoconservatism became a doctrine of foreign policy hubris. Originally, it taught domestic policy humility. Moynihan, a social scientist, understood that social science tells us not what to do but what is not working, which today includes No Child Left Behind. Finn thinks NCLB got things backward: "The law should have set uniform standards and measures for the nation, then freed states, districts and schools to produce those results as they think best." Instead, it left standards up to the states, which have an incentive to dumb them down to make compliance easier.

A nation at risk? Now more than ever.

______________________________


As usual, Mr. Conservative has no sulutions, only to point to the obvious: educational achievement is related to family values;

Teachers as facilitors--rather than preachers conveying "knowledge"--and 'multiculturalism' are here to stay. Unless M. Conservative suggest we go back to the patriotic history, literature, and arts of colonialism? Moynahan was not a neoconservative, but a liberal pragmatist who advocated the "experiments" of multiculturalism and teachers as facilitators, philosophy.

Wednesday, April 23, 2008

Symbiosis: The Under-educated, Christian Conservatives, Prisons, herd-animal Democracy, and the Love of Guns and War (or aversion to "losing").

April 22, 2008
Op-Ed Columnist
Clueless in America
By BOB HERBERT

"We don’t hear a great deal about education in the presidential campaign. It’s much too serious a topic to compete with such fun stuff as Hillary tossing back a shot of whiskey, or Barack rolling a gutter ball.

The nation’s future may depend on how well we educate the current and future generations, but (like the renovation of the nation’s infrastructure, or a serious search for better sources of energy) that can wait. At the moment, no one seems to have the will to engage any of the most serious challenges facing the U.S.

An American kid drops out of high school every 26 seconds. That’s more than a million every year, a sign of big trouble for these largely clueless youngsters in an era in which a college education is crucial to maintaining a middle-class quality of life — and for the country as a whole in a world that is becoming more hotly competitive every day.

Ignorance in the United States is not just bliss, it’s widespread. A recent survey of teenagers by the education advocacy group Common Core found that a quarter could not identify Adolf Hitler, a third did not know that the Bill of Rights guaranteed freedom of speech and religion, and fewer than half knew that the Civil War took place between 1850 and 1900.

“We have one of the highest dropout rates in the industrialized world,” said Allan Golston, the president of U.S. programs for the Bill and Melinda Gates Foundation. In a discussion over lunch recently he described the situation as “actually pretty scary, alarming.”

Roughly a third of all American high school students drop out. Another third graduate but are not prepared for the next stage of life — either productive work or some form of post-secondary education.

When two-thirds of all teenagers old enough to graduate from high school are incapable of mastering college-level work, the nation is doing something awfully wrong.

Mr. Golston noted that the performance of American students, when compared with their peers in other countries, tends to grow increasingly dismal as they move through the higher grades:

“In math and science, for example, our fourth graders are among the top students globally. By roughly eighth grade, they’re in the middle of the pack. And by the 12th grade, U.S. students are scoring generally near the bottom of all industrialized countries.”

Many students get a first-rate education in the public schools, but they represent too small a fraction of the whole.

Bill Gates, the founder of Microsoft, offered a brutal critique of the nation’s high schools a few years ago, describing them as “obsolete” and saying, “When I compare our high schools with what I see when I’m traveling abroad, I am terrified for our work force of tomorrow.”

Said Mr. Gates: “By obsolete, I don’t just mean that they are broken, flawed or underfunded, though a case could be made for every one of those points. By obsolete, I mean our high schools — even when they’re working as designed — cannot teach all our students what they need to know today.”

The Educational Testing Service, in a report titled “America’s Perfect Storm,” cited three powerful forces that are affecting the quality of life for millions of Americans and already shaping the nation’s future. They are:

• The wide disparity in the literacy and math skills of both the school-age and adult populations. These skills, which play such a tremendous role in the lives of individuals and families, vary widely across racial, ethnic and socioeconomic groups.

• The “seismic changes” in the U.S. economy that have resulted from globalization, technological advances, shifts in the relationship of labor and capital, and other developments.

• Sweeping demographic changes. By 2030, the U.S. population is expected to reach 360 million. That population will be older and substantially more diverse, with immigration having a big impact on both the population as a whole and the work force.

These and so many other issues of crucial national importance require an educated populace if they are to be dealt with effectively. At the moment we are not even coming close to equipping the population with the intellectual tools that are needed.

While we’re effectively standing in place, other nations are catching up and passing us when it comes to educational achievement. You have to be pretty dopey not to see the implications of that.

But, then, some of us are pretty dopey. In the Common Core survey, nearly 20 percent of respondents did not know who the U.S. fought in World War II. Eleven percent thought that Dwight Eisenhower was the president forced from office by the Watergate scandal. Another 11 percent thought it was Harry Truman.

We’ve got work to do."

____________________________________________

April 23, 2008
American Exception
Inmate Count in U.S. Dwarfs Other Nations’

By ADAM LIPTAK

The United States has less than 5 percent of the world’s population. But it has almost a quarter of the world’s prisoners.

Indeed, the United States leads the world in producing prisoners, a reflection of a relatively recent and now entirely distinctive American approach to crime and punishment. Americans are locked up for crimes — from writing bad checks to using drugs — that would rarely produce prison sentences in other countries. And in particular they are kept incarcerated far longer than prisoners in other nations.

Criminologists and legal scholars in other industrialized nations say they are mystified and appalled by the number and length of American prison sentences.

The United States has, for instance, 2.3 million criminals behind bars, more than any other nation, according to data maintained by the International Center for Prison Studies at King’s College London.

China, which is four times more populous than the United States, is a distant second, with 1.6 million people in prison. (That number excludes hundreds of thousands of people held in administrative detention, most of them in China’s extrajudicial system of re-education through labor, which often singles out political activists who have not committed crimes.)

San Marino, with a population of about 30,000, is at the end of the long list of 218 countries compiled by the center. It has a single prisoner.

The United States comes in first, too, on a more meaningful list from the prison studies center, the one ranked in order of the incarceration rates. It has 751 people in prison or jail for every 100,000 in population. (If you count only adults, one in 100 Americans is locked up.)

The only other major industrialized nation that even comes close is Russia, with 627 prisoners for every 100,000 people. The others have much lower rates. England’s rate is 151; Germany’s is 88; and Japan’s is 63.

The median among all nations is about 125, roughly a sixth of the American rate.

There is little question that the high incarceration rate here has helped drive down crime, though there is debate about how much.

Criminologists and legal experts here and abroad point to a tangle of factors to explain America’s extraordinary incarceration rate: higher levels of violent crime, harsher sentencing laws, a legacy of racial turmoil, a special fervor in combating illegal drugs, the American temperament, and the lack of a social safety net. Even democracy plays a role, as judges — many of whom are elected, another American anomaly — yield to populist demands for tough justice.

Whatever the reason, the gap between American justice and that of the rest of the world is enormous and growing.

It used to be that Europeans came to the United States to study its prison systems. They came away impressed.

“In no country is criminal justice administered with more mildness than in the United States,” Alexis de Tocqueville, who toured American penitentiaries in 1831, wrote in “Democracy in America.”

No more.

“Far from serving as a model for the world, contemporary America is viewed with horror,” James Q. Whitman, a specialist in comparative law at Yale, wrote last year in Social Research. “Certainly there are no European governments sending delegations to learn from us about how to manage prisons.”

Prison sentences here have become “vastly harsher than in any other country to which the United States would ordinarily be compared,” Michael H. Tonry, a leading authority on crime policy, wrote in “The Handbook of Crime and Punishment.”

Indeed, said Vivien Stern, a research fellow at the prison studies center in London, the American incarceration rate has made the United States “a rogue state, a country that has made a decision not to follow what is a normal Western approach.”

The spike in American incarceration rates is quite recent. From 1925 to 1975, the rate remained stable, around 110 people in prison per 100,000 people. It shot up with the movement to get tough on crime in the late 1970s. (These numbers exclude people held in jails, as comprehensive information on prisoners held in state and local jails was not collected until relatively recently.)

The nation’s relatively high violent crime rate, partly driven by the much easier availability of guns here, helps explain the number of people in American prisons.

“The assault rate in New York and London is not that much different,” said Marc Mauer, the executive director of the Sentencing Project, a research and advocacy group. “But if you look at the murder rate, particularly with firearms, it’s much higher.”

Despite the recent decline in the murder rate in the United States, it is still about four times that of many nations in Western Europe.

But that is only a partial explanation. The United States, in fact, has relatively low rates of nonviolent crime. It has lower burglary and robbery rates than Australia, Canada and England.

People who commit nonviolent crimes in the rest of the world are less likely to receive prison time and certainly less likely to receive long sentences. The United States is, for instance, the only advanced country that incarcerates people for minor property crimes like passing bad checks, Mr. Whitman wrote.

Efforts to combat illegal drugs play a major role in explaining long prison sentences in the United States as well. In 1980, there were about 40,000 people in American jails and prisons for drug crimes. These days, there are almost 500,000.

Those figures have drawn contempt from European critics. “The U.S. pursues the war on drugs with an ignorant fanaticism,” said Ms. Stern of King’s College.

Many American prosecutors, on the other hand, say that locking up people involved in the drug trade is imperative, as it helps thwart demand for illegal drugs and drives down other kinds of crime. Attorney General Michael B. Mukasey, for instance, has fought hard to prevent the early release of people in federal prison on crack cocaine offenses, saying that many of them “are among the most serious and violent offenders.”

Still, it is the length of sentences that truly distinguishes American prison policy. Indeed, the mere number of sentences imposed here would not place the United States at the top of the incarceration lists. If lists were compiled based on annual admissions to prison per capita, several European countries would outpace the United States. But American prison stays are much longer, so the total incarceration rate is higher.

Burglars in the United States serve an average of 16 months in prison, according to Mr. Mauer, compared with 5 months in Canada and 7 months in England.

Many specialists dismissed race as an important distinguishing factor in the American prison rate. It is true that blacks are much more likely to be imprisoned than other groups in the United States, but that is not a particularly distinctive phenomenon. Minorities in Canada, Britain and Australia are also disproportionately represented in those nation’s prisons, and the ratios are similar to or larger than those in the United States.

Some scholars have found that English-speaking nations have higher prison rates.

“Although it is not at all clear what it is about Anglo-Saxon culture that makes predominantly English-speaking countries especially punitive, they are,” Mr. Tonry wrote last year in “Crime, Punishment and Politics in Comparative Perspective.”

“It could be related to economies that are more capitalistic and political cultures that are less social democratic than those of most European countries,” Mr. Tonry wrote. “Or it could have something to do with the Protestant religions with strong Calvinist overtones that were long influential.”

The American character — self-reliant, independent, judgmental — also plays a role.

“America is a comparatively tough place, which puts a strong emphasis on individual responsibility,” Mr. Whitman of Yale wrote. “That attitude has shown up in the American criminal justice of the last 30 years.”

French-speaking countries, by contrast, have “comparatively mild penal policies,” Mr. Tonry wrote.

Of course, sentencing policies within the United States are not monolithic, and national comparisons can be misleading.

“Minnesota looks more like Sweden than like Texas,” said Mr. Mauer of the Sentencing Project. (Sweden imprisons about 80 people per 100,000 of population; Minnesota, about 300; and Texas, almost 1,000. Maine has the lowest incarceration rate in the United States, at 273; and Louisiana the highest, at 1,138.)

Whatever the reasons, there is little dispute that America’s exceptional incarceration rate has had an impact on crime.

“As one might expect, a good case can be made that fewer Americans are now being victimized” thanks to the tougher crime policies, Paul G. Cassell, an authority on sentencing and a former federal judge, wrote in The Stanford Law Review.

From 1981 to 1996, according to Justice Department statistics, the risk of punishment rose in the United States and fell in England. The crime rates predictably moved in the opposite directions, falling in the United States and rising in England.

“These figures,” Mr. Cassell wrote, “should give one pause before too quickly concluding that European sentences are appropriate.”

Other commentators were more definitive. “The simple truth is that imprisonment works,” wrote Kent Scheidegger and Michael Rushford of the Criminal Justice Legal Foundation in The Stanford Law and Policy Review. “Locking up criminals for longer periods reduces the level of crime. The benefits of doing so far offset the costs.”

There is a counterexample, however, to the north. “Rises and falls in Canada’s crime rate have closely paralleled America’s for 40 years,” Mr. Tonry wrote last year. “But its imprisonment rate has remained stable.”

Several specialists here and abroad pointed to a surprising explanation for the high incarceration rate in the United States: democracy.

Most state court judges and prosecutors in the United States are elected and are therefore sensitive to a public that is, according to opinion polls, generally in favor of tough crime policies. In the rest of the world, criminal justice professionals tend to be civil servants who are insulated from popular demands for tough sentencing.

Mr. Whitman, who has studied Tocqueville’s work on American penitentiaries, was asked what accounted for America’s booming prison population.

“Unfortunately, a lot of the answer is democracy — just what Tocqueville was talking about,” he said. “We have a highly politicized criminal justice system.”

______________________________________________________________________

April 23, 2008
NYT Editorial
The Low Road to Victory

The Pennsylvania campaign, which produced yet another inconclusive result on Tuesday, was even meaner, more vacuous, more desperate, and more filled with pandering than the mean, vacuous, desperate, pander-filled contests that preceded it.

Voters are getting tired of it; it is demeaning the political process; and it does not work. It is past time for Senator Hillary Rodham Clinton to acknowledge that the negativity, for which she is mostly responsible, does nothing but harm to her, her opponent, her party and the 2008 election.

If nothing else, self interest should push her in that direction. Mrs. Clinton did not get the big win in Pennsylvania that she needed to challenge the calculus of the Democratic race. It is true that Senator Barack Obama outspent her 2-to-1. But Mrs. Clinton and her advisers should mainly blame themselves, because, as the political operatives say, they went heavily negative and ended up squandering a good part of what was once a 20-point lead.

On the eve of this crucial primary, Mrs. Clinton became the first Democratic candidate to wave the bloody shirt of 9/11. A Clinton television ad — torn right from Karl Rove’s playbook — evoked the 1929 stock market crash, Pearl Harbor, the Cuban missile crisis, the cold war and the 9/11 attacks, complete with video of Osama bin Laden. “If you can’t stand the heat, get out of the kitchen,” the narrator intoned.

If that was supposed to bolster Mrs. Clinton’s argument that she is the better prepared to be president in a dangerous world, she sent the opposite message on Tuesday morning by declaring in an interview on ABC News that if Iran attacked Israel while she were president: “We would be able to totally obliterate them.”

By staying on the attack and not engaging Mr. Obama on the substance of issues like terrorism, the economy and how to organize an orderly exit from Iraq, Mrs. Clinton does more than just turn off voters who don’t like negative campaigning. She undercuts the rationale for her candidacy that led this page and others to support her: that she is more qualified, right now, to be president than Mr. Obama.

Mr. Obama is not blameless when it comes to the negative and vapid nature of this campaign. He is increasingly rising to Mrs. Clinton’s bait, undercutting his own claims that he is offering a higher more inclusive form of politics. When she criticized his comments about “bitter” voters, Mr. Obama mocked her as an Annie Oakley wannabe. All that does is remind Americans who are on the fence about his relative youth and inexperience.

No matter what the high-priced political operatives (from both camps) may think, it is not a disadvantage that Mr. Obama and Mrs. Clinton share many of the same essential values and sensible policy prescriptions. It is their strength, and they are doing their best to make voters forget it. And if they think that only Democrats are paying attention to this spectacle, they’re wrong.

After seven years of George W. Bush’s failed with-us-or-against-us presidency, all American voters deserve to hear a nuanced debate — right now and through the general campaign — about how each candidate will combat terrorism, protect civil liberties, address the housing crisis and end the war in Iraq.

It is getting to be time for the superdelegates to do what the Democrats had in mind when they created superdelegates: settle a bloody race that cannot be won at the ballot box. Mrs. Clinton once had a big lead among the party elders, but has been steadily losing it, in large part because of her negative campaign. If she is ever to have a hope of persuading these most loyal of Democrats to come back to her side, let alone win over the larger body of voters, she has to call off the dogs."
________________________________________________
April 23, 2008
Op-Ed Columnist
Wilting Over Waffles
By MAUREEN DOWD

"He’s never going to shake her off.

Not all by himself.

The very fact that he can’t shake her off has become her best argument against him. “Why can’t he close the deal?” Hillary taunted at a polling place on Tuesday.

She’s been running ads about it, suggesting he doesn’t have “what it takes” to run the country. Her message is unapologetically emasculating: If he does not have the gumption to put me in my place, when superdelegates are deserting me, money is drying up, he’s outspending me 2-to-1 on TV ads, my husband’s going crackers and party leaders are sick of me, how can he be trusted to totally obliterate Iran and stop Osama?

Now that Hillary has won Pennsylvania, it will take a village to help Obama escape from the suffocating embrace of his rival. Certainly Howard Dean will be of no use steering her to the exit. It’s like Micronesia telling Russia to denuke.

“You know, some people counted me out and said to drop out,” said a glowing Hillary at her Philadelphia victory party, with Bill and Chelsea by her side. “Well, the American people don’t quit. And they deserve a president who doesn’t quit, either.”

The Democrats are growing ever more desperate about the Attack of the 50 Foot Woman. With gas prices out of control, with the comically oblivious President Bush shimmying around New Orleans — the city he let drown — and Condi sneaking into Baghdad as rockets and mortars hail down on the Green Zone, beating the Republicans should be a cinch.

But the Democrats watch in horror as Hillary continues to scratch up the once silvery sheen on Obama, and as John McCain not only consolidates his own party but encroaches on theirs by boldly venturing into Selma, Ala., on Monday to woo black voters.

They also cringe as Bill continues his honey-crusted-nut-bar meltdown. With his usual exquisite timing, just as Pennsylvanians were about to vote, Hillary’s husband became the first person ever to play the Caucasian Card. First, he blurted out to a radio interviewer that the Obama camp had played the race card against him after he compared Obama’s strength in South Carolina to Jesse Jackson’s. And then, with a Brobdingnagian finger-wagging on the screen, he denied it to an NBC News reporter.

“You always follow me around and play these little games, and I’m not going to play your games today,” he said, accusing the reporter of looking for “another cheap story to divert the American people from the real urgent issues before us.”

If there’s one person who knows about crass diversions, it’s Bill. But even for him, it was an embarrassing explosion, capped with some blue language to an aide that was caught on air.

The Democrats are eager to move on to an Obama-McCain race. But they can’t because no one seems to be able to show Hillary the door. Despite all his incandescent gifts, Obama has missed several opportunities to smash the ball over the net and end the game. Again and again, he has seemed stuck at deuce. He complains about the politics of scoring points, but to win, you’ve got to score points.

He knew he tanked in the Philadelphia debate, but he was so irritated by the moderators — and by having to stand next to Hillary again — that he couldn’t summon a single merry dart.

Is he skittish around her because he knows that she detests him and he’s used to charming everyone? Or does he feel guilty that he cut in line ahead of her? As the husband of Michelle, does he know better than to defy the will of a strong woman? Or is he simply scared of Hillary because she’s scary?

He is frantic to get away from her because he can’t keep carbo-loading to relate to the common people.

In the final days in Pennsylvania, he dutifully logged time at diners and force-fed himself waffles, pancakes, sausage and a Philly cheese steak. He split the pancakes with Michelle, left some of the waffle and sausage behind, and gave away the French fries that came with the cheese steak.

But this is clearly a man who can’t wait to get back to his organic scrambled egg whites. That was made plain with his cri de coeur at the Glider Diner in Scranton when a reporter asked him about Jimmy Carter and Hamas.

“Why” he pleaded, sounding a bit, dare we say, bitter, “can’t I just eat my waffle?”

His subtext was obvious: Why can’t I just be president? Why do I have to keep eating these gooey waffles and answering these gotcha questions and debating this gonzo woman?

Before they devour themselves once more, perhaps the Democrats will take a cue from Dr. Seuss’s “Marvin K. Mooney Will You Please Go Now!” (The writer once mischievously redid it for his friend Art Buchwald as “Richard M. Nixon Will You Please Go Now!”) They could sing:

'The time has come. The time has come. The time is now. Just go. ... I don’t care how. You can go by foot. You can go by cow. Hillary R. Clinton, will you please go now! You can go on skates. You can go on skis. ... You can go in an old blue shoe.

Just go, go, GO!'"
________________________
Despite Iraq, America's love affair with war runs deep"
Simon Jenkins in Washington
The Guardian,
Wednesday April 23 2008

"Conflict is still seen as crucial - and very, very far away. The next leader faces quite some task to confront this attachment

Washington is numb during a presidential campaign. The oxygen of power drains to the hustings. Blossom droops, restaurants empty, pompous porticos slump as their tenants depart. Even the issue of Iraq, whose subsidies fund more of Washington than they do Baghdad, has left town and gone local.

The one thing known by all three candidates for the presidency (if not just two from today) is that whoever wins must do something painful. He or she must negotiate the terms of an eventual retreat from Iraq, not with the Iraqis but with the American people. Even John McCain, who watched the retreat from Vietnam and swears he will "stay a hundred years in Iraq until peace, stability and democracy" are achieved, will eventually leave, if only under the lash of Congress.

Yet now is not the time to admit it. A war that is unpopular with 60-70% of Americans (depending on the question) is not politically sustainable, however stupefying the cost. But the modalities of its ending are unpredictable and possibly humiliating. Both Hillary Clinton and Barack Obama may call for early withdrawal, at least of "combat troops". But the real paradox of Iraq is that McCain knows he must find a way of leaving, and Clinton and Obama know they must find a way of staying, if only for the time being. For all of them, getting from here to there crosses uncharted territory and none wants to glimpse the map.

Though foreign policy is rarely salient in peacetime elections, Americans have been almost persuaded by their president, George Bush, that they are not at peace. To visit America at present is to be reminded of the continuing trauma of post-9/11, of a nation that craves a cohering substitute psychosis for the lifting of the Soviet menace. It is seen in ubiquitous threat alerts, hysterical airport security, the continued acceptance of Guantánamo Bay and even jibes about public figures not wearing the American flag in their buttonhole. A country in so many ways a kaleidoscope of the world is in many ways so different. Above all it is full of soldiers.

Americans still do not travel abroad, and rely on television news for their knowledge of foreign places, which they continue to regard with bizarre suspicion. Hence a world view is lumped in with defence and security in a collective paranoia. And a candidate's stance on foreign policy is a proxy for his or her character.

To this the candidates must pander. Hence Clinton emphasises her "role" in Kosovo and her "mis-remembered" landing in Bosnia under fire. Obama stresses his links to three world continents and a seminal visit as a young man to Karachi. McCain trumps them by having been tortured by the Vietnamese, a sanctification whose only drawback is that it recalls his age (71).

All must appear trigger happy. McCain may distance himself from the unilateralism of George Bush and remark that Americans must show "a decent respect for the opinions of mankind" (in Bush's America the remark was worth reporting). But his team is penetrated by such neocons as Robert Kagan and John Bolton, on the basis that "if we can't beat him, we can persuade him". The only thing to be said with confidence about McCain is that his position on everything is uncertain.

Desperate not to be outflanked on defence, Clinton said yesterday that she would "totally obliterate" Iran if Iran bombed Israel. Last week she offered an astonishing nuclear-shield guarantee for neighbours of a nuclear Tehran. Obama duly chided her as "Annie Oakley with a gun". Yet he has tended to follow her positions with a ready me-tooism, as on Tibet. He offered to bomb Pakistan terrorist hideouts on the basis that even if that country's President Musharraf "won't act, we will". He wanted two more brigades sent to Afghanistan.

Everywhere is on display the conundrum described in James Sheehan's The Monopoly of Violence, subtitled Why Europeans Hate Going to War. A more realistic title would be Why Americans Love It.

Europeans, writes Sheehan, have tested war to destruction as a way of settling the world's ills and reject it. Electorates now demand "material wellbeing, social stability and economic growth" and have demoted military virtues and the military class to history's dustbin. In modern Europe, "colonial violence seems wasteful, anachronistic and illegitimate ... grandeur no longer an important goal". That is why few Europeans other than Britons will help America in escalating the Afghan conflict. They just do not believe it will work.

To Americans it "must work". The mistakes made by America in Iraq and Afghanistan are seen from Washington as accidents in necessary wars, as they might have been in Britain in the 19th century. Such wars present puzzles to be resolved, tests for weapons systems, trials of strength for Pentagon lobbies, budget barons and thinktanks. And they seem very, very far away.

Enthusiasts for Obama, more plentiful beyond America's shores than within them, regard him as the most plausible candidate to pilot America to a new and more internationalist haven than this. He has spoken of an endgame to America's hostile relations with the Muslim world and dismisses democratic nation-building in Iraq as "a bunch of happy talk". He says simply: "We cannot bend the world to our will."

This may be true, but it is increasingly dangerous for Obama. His handling of foreign policy has been naive and reactive. His weakness is that he seems unknown, not quite American, exotic, elitist, intelligent. He can write his own books, but can he hack his own war?

Hence Clinton's notorious "red-phone-at-3am" advertisement - implying that a black man with a foreign name could not be trusted with the nation's defence - was so lethal, especially her aside that "as far as I know" he is "not a Muslim". It is why, were Obama to emerge from this week's still uncertain events as the Democratic candidate, the smart money in Washington is still on McCain to win a dirty election.

At a distance I continue to find Obama one of the most exciting and potentially able men to run for the American presidency in a generation. His capacity to transform America's self-image and world image is colossal. But to do so he must confront America atavistic love affair with war, and that will be hard."

Tuesday, April 22, 2008

David Brooks: My Favorite Liberal (Christian) Conservative

"The Great Escape" by David Brooks

"Over the past 15 months, I’ve been writing pretty regularly about the presidential campaign, which has meant thinking a lot about attack ads, tracking polls and which campaign is renouncing which over-the-line comment from a surrogate that particular day.

But on my desk for much of this period I have kept a short essay, which I stare at longingly from time to time. It’s an essay about how people in the Middle Ages viewed the night sky, and it’s about a mentality so totally removed from the campaign mentality that it’s like a refreshing dip in a cool and cleansing pool.

The essay, which appeared in Books & Culture, is called “C. S. Lewis and the Star of Bethlehem,” by Michael Ward, a chaplain at Peterhouse College at Cambridge. It points out that while we moderns see space as a black, cold, mostly empty vastness, with planets and stars propelled by gravitational and other forces, Europeans in the Middle Ages saw a more intimate and magical place. The heavens, to them, were a ceiling of moving spheres, rippling with signs and symbols, and moved by the love of God. The medieval universe, Lewis wrote, “was tingling with anthropomorphic life, dancing, ceremonial, a festival not a machine.”

Lewis tried to recapture that medieval mind-set, Ward writes. He did it not because he wanted to renounce the Copernican revolution and modern science, but because he found something valuable in that different way of seeing our surroundings.

The modern view disenchants the universe, Lewis argued, and tends to make it “all fact and no meaning.” When we say that a star is a huge flaming ball of gas, he wrote, we are merely describing what it is made of. We are not describing what it is. Lewis also wanted to include the mythologies, symbols and stories that have been told about the heavenly actors, and which were so real to those who looked up into the sky hundreds of years ago. He wanted to strengthen the imaginative faculty that comes naturally to those who see the heavens as fundamentally spiritual and alive.

There’s something about obsessing about a campaign — or probably a legal case or a business deal — that doesn’t exactly arouse the imaginative faculties. Campaigns are all about message management, polls and tactics. The communication is swift, Blackberry-sized and prosaic. As you cover it, you feel yourself enclosed in its tunnel. Entire mental faculties go unused. Ward’s essay has been a constant reminder of that other mental universe.

The medievals had a tremendous capacity for imagination and enchantment, and while nobody but the deepest romantic would want to go back to their way of thinking (let alone their way of life), it’s a tonic to visit from time to time.

As many historians have written, Europeans in the Middle Ages lived with an almost childlike emotional intensity. There were stark contrasts between daytime and darkness, between summer heat and winter cold, between misery and exuberance, and good and evil. Certain distinctions were less recognized, namely between the sacred and the profane.

Material things were consecrated with spiritual powers. God was thought to live in the stones of the cathedrals, and miracles inhered in the bones of the saints. The world seemed spiritually alive, and the power of spirit could overshadow politics. As Johan Huizinga wrote in “The Autumn of the Middle Ages,” “The most revealing map of Europe in these centuries would be a map, not of political or commercial capitals, but of the constellation of sanctuaries, the points of material contact with the unseen world.”

We tend to see economics and politics as the source of human motives, and then explain spirituality as their byproduct — as Barack Obama tried artlessly to do in San Francisco the other week. But in the Middle Ages, faith came first. The symbols, processions and services were vividly alive.

Large parts of medieval life were attempts to play out a dream, in ways hard to square with the often grubby and smelly reality. There were the elaborate manners of the courtly, the highly stylized love affairs and the formal chivalric code of knighthood. There was this driving impulsion among the well-born to idealize. This idealizing urge produced tournaments, quests and the mystical symbols of medieval art — think of the tapestries of the pure white unicorn. The gap between the ideal and the real is also what Cervantes made fun of in “Don Quixote.”

Writers like C. S. Lewis and John Ruskin seized on medieval culture as an antidote to industrialism — to mass manufacturing, secularization and urbanization. Without turning into an Arthurian cultist, it’s nice to look up from the latest YouTube campaign moment and imagine a sky populated with creatures, symbols and tales."

Here's "C. S. Lewis and the Star of Bethlehem" in Books and Culture

Sunday, April 20, 2008

The "MindWar" and The Neo-Con Marketing Machine

...from the NY Times.

"Internal Pentagon documents repeatedly refer to the military analysts as “message force multipliers” or “surrogates” who could be counted on to deliver administration “themes and messages” to millions of Americans “in the form of their own opinions.”

Though many analysts are paid network consultants, making $500 to $1,000 per appearance, in Pentagon meetings they sometimes spoke as if they were operating behind enemy lines, interviews and transcripts show. Some offered the Pentagon tips on how to outmaneuver the networks, or as one analyst put it to Donald H. Rumsfeld, then the defense secretary, “the Chris Matthewses and the Wolf Blitzers of the world.” Some warned of planned stories or sent the Pentagon copies of their correspondence with network news executives. Many — although certainly not all — faithfully echoed talking points intended to counter critics...

... Torie Clarke, the former public relations executive who oversaw the Pentagon’s dealings with the analysts as assistant secretary of defense for public affairs, had come to her job with distinct ideas about achieving what she called “information dominance.” In a spin-saturated news culture, she argued, opinion is swayed most by voices perceived as authoritative and utterly independent.

And so even before Sept. 11, she built a system within the Pentagon to recruit “key influentials” — movers and shakers from all walks who with the proper ministrations might be counted on to generate support for Mr. Rumsfeld’s priorities.

In the months after Sept. 11, as every network rushed to retain its own all-star squad of retired military officers, Ms. Clarke and her staff sensed a new opportunity. To Ms. Clarke’s team, the military analysts were the ultimate “key influential” — authoritative, most of them decorated war heroes, all reaching mass audiences.

The analysts, they noticed, often got more airtime than network reporters, and they were not merely explaining the capabilities of Apache helicopters. They were framing how viewers ought to interpret events. What is more, while the analysts were in the news media, they were not of the news media. They were military men, many of them ideologically in sync with the administration’s neoconservative brain trust, many of them important players in a military industry anticipating large budget increases to pay for an Iraq war...

...Many also shared with Mr. Bush’s national security team a belief that pessimistic war coverage broke the nation’s will to win in Vietnam, and there was a mutual resolve not to let that happen with this war. This was a major theme, for example, with Paul E. Vallely, a Fox News analyst from 2001 to 2007. A retired Army general who had specialized in psychological warfare, Mr. Vallely co-authored a paper in 1980 that accused American news organizations of failing to defend the nation from “enemy” propaganda during Vietnam.

“We lost the war — not because we were outfought, but because we were out Psyoped,” he wrote. He urged a radically new approach to psychological operations in future wars — taking aim at not just foreign adversaries but domestic audiences, too. He called his approach “MindWar” — using network TV and radio to “strengthen our national will to victory...

In the fall and winter leading up to the invasion, the Pentagon armed its analysts with talking points portraying Iraq as an urgent threat. The basic case became a familiar mantra: Iraq possessed chemical and biological weapons, was developing nuclear weapons, and might one day slip some to Al Qaeda; an invasion would be a relatively quick and inexpensive “war of liberation.”

At the Pentagon, members of Ms. Clarke’s staff marveled at the way the analysts seamlessly incorporated material from talking points and briefings as if it was their own.

“You could see that they were messaging,” Mr. Krueger said. “You could see they were taking verbatim what the secretary was saying or what the technical specialists were saying. And they were saying it over and over and over.” Some days, he added, “We were able to click on every single station and every one of our folks were up there delivering our message. You’d look at them and say, ‘This is working.’ ”

On April 12, 2003, with major combat almost over, Mr. Rumsfeld drafted a memorandum to Ms. Clarke. “Let’s think about having some of the folks who did such a good job as talking heads in after this thing is over,” he wrote...

... One [Iraq] trip participant, General Nash of ABC, said some briefings were so clearly “artificial” that he joked to another group member that they were on “the George Romney memorial trip to Iraq,” a reference to Mr. Romney’s infamous claim that American officials had “brainwashed” him into supporting the Vietnam War during a tour there in 1965, while he was governor of Michigan.

But if the trip pounded the message of progress, it also represented a business opportunity: direct access to the most senior civilian and military leaders in Iraq and Kuwait, including many with a say in how the president’s $87 billion would be spent...

... “We knew we had extraordinary access,” said Timur J. Eads, a retired Army lieutenant colonel and Fox analyst who is vice president of government relations for Blackbird Technologies, a fast-growing military contractor.

Like several other analysts, Mr. Eads said he had at times held his tongue on television for fear that “some four-star could call up and say, ‘Kill that contract.’ ” For example, he believed Pentagon officials misled the analysts about the progress of Iraq’s security forces. “I know a snow job when I see one,” he said. He did not share this on TV.

Mr. Bevelacqua, then a Fox analyst, was among those invited to a briefing in early 2003 about Iraq’s purported stockpiles of illicit weapons. He recalled asking the briefer whether the United States had “smoking gun” proof.

“ ‘We don’t have any hard evidence,’ ” Mr. Bevelacqua recalled the briefer replying. He said he and other analysts were alarmed by this concession. “We are looking at ourselves saying, ‘What are we doing?’ ”

Another analyst, Robert L. Maginnis, a retired Army lieutenant colonel who works in the Pentagon for a military contractor, attended the same briefing and recalled feeling “very disappointed” after being shown satellite photographs purporting to show bunkers associated with a hidden weapons program. Mr. Maginnis said he concluded that the analysts were being “manipulated” to convey a false sense of certainty about the evidence of the weapons. Yet he and Mr. Bevelacqua and the other analysts who attended the briefing did not share any misgivings with the American public.

Mr. Bevelacqua and another Fox analyst, Mr. Cowan, had formed the wvc3 Group, and hoped to win military and national security contracts.

“There’s no way I was going to go down that road and get completely torn apart,” Mr. Bevelacqua said. “You’re talking about fighting a huge machine...”

On Aug. 3, 2005, 14 marines died in Iraq. That day, Mr. Cowan, who said he had grown increasingly uncomfortable with the “twisted version of reality” being pushed on analysts in briefings, called the Pentagon to give “a heads-up” that some of his comments on Fox “may not all be friendly,” Pentagon records show. Mr. Rumsfeld’s senior aides quickly arranged a private briefing for him, yet when he told Bill O’Reilly that the United States was “not on a good glide path right now” in Iraq, the repercussions were swift.

Mr. Cowan said he was “precipitously fired from the analysts group” for this appearance. The Pentagon, he wrote in an e-mail message, “simply didn’t like the fact that I wasn’t carrying their water.” The next day James T. Conway, then director of operations for the Joint Chiefs, presided over another conference call with analysts. He urged them, a transcript shows, not to let the marines’ deaths further erode support for the war.

“The strategic target remains our population,” General Conway said. “We can lose people day in and day out, but they’re never going to beat our military. What they can and will do if they can is strip away our support. And you guys can help us not let that happen.”

“General, I just made that point on the air,” an analyst replied.

“Let’s work it together, guys,” General Conway urged.(click here for full story)

FOR THOSE WHO WANT TO DO FURTHER READING, HERE'S A CLASSIC ON THE ISSUE:
"Manufacturing consent : the political economy of the mass media" by Edward S. Herman and Noam Chomsky

__________________________

Some fun commentary on the ABC "debate" farce (I turned it off as soon as I heard the first question):

M.Dowd:

"After conceding that the Philly debate was tough, he brushed the imaginary lint of Hillary, George and Charlie from his shoulders, in a wordless reference to Jay-Z’s lyrics in his anthem about not letting anyone crimp your ride as you cruise from the bottom to the top: “Got some, dirt on my shoulder, could you brush it off for me...There's no doubt the cat is cool!” (see full op.ed here)

F.Rich
"The most revealing moment in Wednesday’s debate was a striking example of this media-populace disconnect. In Mr. Gibson’s only passionate query of the night, he tried to strong-arm both Democrats into forgoing any increases in the capital gains tax. The capital gains tax! That’s just the priority Americans are focusing on as they lose their houses and jobs, and as gas prices reach $4 a gallon (a subject that merited only a brief mention, in a lightning round of final questions). And this in a debate that took place on the same day we learned that the top 50 hedge fund managers made a total of $29 billion in 2007, some of them by betting against the mortgage market.

At least Mr. Gibson is consistent. In the ABC debate in January, he upbraided Mrs. Clinton by suggesting that a typical New Hampshire “family of two professors” with a joint income “in the $200,000 category” would be unjustly penalized by her plan to roll back the Bush tax cuts for the wealthiest Americans. He seemed oblivious not merely to typical academic salaries but to the fact that his hypothetical household would be among America’s wealthiest (only 3.4 percent earn more)..." (see full op.ed here)

Tuesday, April 15, 2008

Business Schools Paid to Teach Ayn Rand's Ethical Egotism

Rand To The Rescue, by Digby

"Ayn Rand's novels of headstrong entrepreneurs' battles against convention enjoy a devoted following in business circles. While academia has failed to embrace Rand, calling her philosophy simplistic, schools have agreed to teach her works in exchange for a donation.

The charitable arm of BB&T Corp., a banking company, pledged $1 million to the University of North Carolina Charlotte in 2005 and obtained an agreement that Rand's novel ``Atlas Shrugged'' would become required reading for students. Marshall University in Huntington, West Virginia, and Johnson C. Smith University in Charlotte, North Carolina, say they also took grants and agreed to teach Rand."

click here for entire article

Sunday, April 06, 2008

Clinton and Osama's Race Strategy

CLINTON'S RACE STRATEGY:
Here's a good article on the race card Clinton is playing:
"The Clinton Firewall: The New York Senator’s last-ditch efforts to win the Democratic nomination could rely on the “Race Chasm” and the trampling of democracy" , by David Serota.

...one of the twin pillars of the Clinton firewall—a well-honed strategy aimed at maximizing “the Race Chasm.” The Race Chasm may sound like a conventional discussion of the black-white divide, but it is one of the least-discussed geographic, demographic and political dynamics driving the contest between Clinton and Obama. I call it the Race Chasm..."

______________________________
OSAMA'S RACE STRATEGY:

HERE'S ANOTHER (RATHER CYNICAL) THOUGHT: Can you imagine what havoc Osama Bin Laden could do by assassinating Obama? And do you believe there are those in the CIA that would allow it to happen? When would be the best time to do it? Before or after Obama is elected president. If before the election, McCain would win the presidency by default with his "Law and Order" conservative republican ideology (I believe in business culture it's called "Crisis Management", or "Disaster Capitalism", see Naomi Wolf's "The Shock Doctrine: The Rise of Disaster Capitalism."

The inner cities would expode with violence with very few national guards to controll it. And we would remain in Iraq, and another 6 years of recruiting for Al Qaeda.

YOU MIGHT WANT TO BUY YOURSELF A FEW AK 47's--just in case, of course, this is a "Black Swan" we can somewhat predict...because it's happened before!