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thinkahol *

Clashes Rage in Tahrir Square - 0 views

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    At least one dead and hundreds injured as pro-Mubarak supporters attack protesters seeking his ouster in central Cairo.
Ian Schlom

Tunisian government begins to unravel - 0 views

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    Chokri Belaïd, a secular, anti-Islamist member of the National Constituent Assembly, was assassinated last week. The backlash of the assassination is causing strife in Tunisian politics. His widow has accused Ennahda of playing a role in the assassination, "which sparked mass demonstrations, attacks on Ennahda headquarters and clashes with security forces throughout the country." The Prime Minister, a high-ranking official in Ennahda, has declared his wish to form a non-partisan government of technocrats to manage the socio-political crisis. He has also declared that he will resign from his position if he's not allowed to do so. So things really are deteriorating. qt: Four opposition groupings-Belaïd's own Popular Front bloc, the Call for Tunisia party (Nidaa Tounes), the Al Massar party, and the Republican Party-announced that they were pulling out of the National Constituent Assembly and called for a one-day general strike last Friday, the day of Belaïd's funeral. The principal Tunisian trade union federation, the UGTT (Tunisian General Union of Labour) backed the call, resulting in the first general strike in Tunisia in 35 years. Reportedly, over one million people took part in Belaïd's funeral procession in Tunis on Friday, many calling for the fall of the Ennahda government and a second revolution. ... Much of the bourgeoisie, both secular and Islamist, has swung behind Jebali's proposal. The business journal l' Economiste asserts that "the prime minister's initiative and his proposal to form a non-political government of technocrats is a minimum response, but salutary. The rejection of this reasonable solution by his own party is evidence of the internal divisions that are eating away at Ennahda..." ... The revolutionary uprising of 2011 was channeled into parliamentary manoeuvring and constitutional wrangling by the Tunisian bourgeoisie, with the aid of the petty-bourgeois "left" parties and the UGTT. Underlying the present
thinkahol *

The Moment When the Police Lost the Occupy Portland Narrative | Blogtown, PDX - 0 views

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    Well, it turned. The police bureau is starting to crack after six weeks of Occupy Portland. And one picture, right here, crystallizes the precise moment when it happened. During a choreographed effort to pull a few dozen protesters out of the Chase bank branch outside Pioneer Square, part of today's hundreds-strong N17 day of action, Portland police officers resorted to a decidedly more muscular show of force in a clash watched by TV cameras and rush-hour commuters earlier this evening. Suddenly all the fun-the dance parties, the union songs, the peaceful arrests earlier on the Steel Bridge and at Wells Fargo-was for naught. Tromping in with mounted officers, they pushed marchers who had gathered on the sidewalks along SW Yamhill into the street-forcing them to block MAX trains, something no one was doing until the heavily armored riot squad showed up-and then poked and, for the first time, pepper-sprayed the marchers. Significantly, some of the spraying came after protesters had clearly retreated to the opposite sidewalk. (In another odd shift, there also was no federal-court-required verbal PA warning that chemical munitions would be deployed-a hallmark of every other mass police action to date.) Meanwhile, at almost the very same moment, Police Chief Mike Reese was on TV blaming Occupy Portland for his officers' inability to respond to a rape victim for three hours today. Consider that tantamount to a declaration of war. Reese's point? Officers are tired and have been too distracted to do their main jobs: responding to actual crimes. It was an attempt to spin sentiment against the movement, which seems to be attracting adherents. Even the O today said the movement is "building momentum" and said the average age of some 34 arrestees earlier today was 50-not a bunch of young, anarchists/punks/hoodlums/hippies/road warriors etc. But that might come back to haunt him, judging by a wave of outrage on Twitter and elsewhere among those who noted that it
thinkahol *

Clash of the Blogosphere Titans - 0 views

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    Salon.com's Glenn Greenwald's relentless criticism of The Atlantic's Jeffrey Goldberg…
Levy Rivers

Obama and McCain Clash Over Economy - NYTimes.com - 0 views

  • “Senator McCain suggests that somehow, you know, I’m green behind the ears and, you know, I’m just spouting off, and he’s somber and responsible,” he said. “Senator McCain, this is the guy who sang, ‘Bomb, bomb, bomb Iran,’ who called for the annihilation of North Korea. That I don’t think is an example of ‘speaking softly.’ 
  • Throughout the evening, when Mr. McCain spoke, Mr. Obama stood at the side of the stage, or seated on a chair, arms folded, gazing at his rival. When Mr. Obama spoke, Mr. McCain took notes, often looked the other way, or scribbled on a pad.
  • Even Mr. McCain’s use of humor — a central part of his appeal in his own town hall meetings — did not seem that effective. At one point he joked about how health care plans probably should not pay for hair transplants, a remark that did not seem to draw more than a titter.
  • ...1 more annotation...
  • Mr. Obama nodded disapprovingly. “Now, I’ve got to correct a little bit of Senator McCain’s history, not surprisingly,” he said “Let’s, first of all, understand that the biggest problem in this whole process was the deregulation of the financial system.
Levy Rivers

Obama and McCain Clash Over Economy - NYTimes.com - 0 views

  • But in a moment that caught the attention of people in both parties, he appeared agitated in criticizing Mr. Obama for a Senate vote he cast, referring to his opponent only as “that one.”
  • Mr. McCain sought to break through by highlighting a proposal under which the Treasury Department would buy up mortgages that had gone bad, and in effect refinance them at prices homeowners could afford
  • There were no obvious dramatic breakthrough moments by Mr. McCain; indeed, although the two men pummeled back and forth, it was Mr. Obama who more consistently drew sharp contrasts between the voting records and campaign promises of the two.
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  • He cast his arm at Mr. Obama. “That one,” he said. “You know who voted against it? Me.”
  • “Senator McCain and I actually agree on something,” Mr. Obama said. “He said a while back that the big problem with energy is that for the last 30 years politicians in Washington haven’t done anything. What McCain doesn’t mention is he’s been there 26 of them and during that time he voted 23 times against alternative fuels.”
Skeptical Debunker

Obama, Republicans clash at heated health summit - Yahoo! News - 0 views

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    "We have a very difficult gap to bridge here," said Rep. Eric Cantor, the No. 2 House Republican. "We just can't afford this. That's the ultimate problem." With Cantor sitting in front of a giant stack of nearly 2,400 pages representing the Democrats' Senate-passed bill, Obama said cost is a legitimate question, but he took Cantor and other Republicans to task for using political shorthand and props "that prevent us from having a conversation." And so it went, hour after hour at Blair House, just across Pennsylvania Avenue from the White House - a marathon policy debate available from start to finish to a divided public. The more than six-hour back-and-forth was essentially a condensed, one-day version of the entire past year of debate over the nation's health care crisis, with all its heat, complexity and detail, and a crash course in the partisan divide, in which Democrats seek the kind of broad remake that has eluded leaders for half a century and Republicans favor much more modest changes. With Democrats in control of the White House and Congress, they were left with the critical decision about where to go next. Obama and his Democratic allies argued at Thursday's meeting that a broad overhaul is imperative for the nation's future economic vitality. The president cast health care as "one of the biggest drags on our economy," tying his top domestic priority to an issue that's even more pressing to many Americans.
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    Of course the "we" in "We can't afford this" is the big health care monopolies (pharma, insurance, etc.). Supposedly, the country and people can afford the continued gouging by those special interests (up to 40% in some places this year alone!). Too, if the government were to find a way to "afford it" (disregarding that Medicare and Medicaid savings might pay for it altogether!), that would probably be on the "back" of the richest 5% and by reducing corporate and business subsidies (like those to oil companies, the military industrial complex, "big finance" bailouts and sweetheart Federal funds rates and "liquidity" pumping, non-risk underwriting for things like coastal flood insurance, etc., etc., etc.). Since that is the "invisible hand" that feeds most "conservatives" and Republican politicians, that would never do.
Skeptical Debunker

Prudential-AIG Deal Another Case of Corporate Empire Building - 0 views

  • In spite of its new whizz-bang CEO, Prudential is a slow-moving but very reliable organization with a level of integrity that is trusted by policyholders. Frankly, that's what you want in an insurance company. I have had a modest U.K. pension with one of its competitors since 1980, and I am constantly worried that some leveraged buyout (LBO) artist will step in, take it over, change the computer system so that information gets lost, outsource customer service, and drive the company into bankruptcy. If you're buying life insurance or pension services, you want a company that's not going to disappear in the next 30 years, and doesn't change its address or computer system too often. Avoid a company like the plague if it is run by whiz kids. However, that's what AIG was like. We know how AIG operated; a guy who thought betting the ranch on the credit default swap market was a good idea ran it. Its Asian operation is no doubt full of similarly clever ideas. Even in the unlikely event that everything there is on the level, the cultural clash with an old-fashioned British insurance company is huge. And why would you pay a PREMIUM for an AIG operation? Like the Kraft/Cadbury deal, Prudential's takeover of AIA is value-destroying. Also like Kraft/Cadbury, it looks likely to destroy a valuable part of the British economy that millions of people have relied upon for generations - only this time the destruction will be caused by the buyer rather than the target. As shareholders we need a new form of corporate governance. Those in management are hired hands. In the old days, large shareholders used to treat management as they would have treated their butler - and management was equally deferential to the owners of substantial percentages of the company's capital. That's how capitalism is supposed to work - with resources deployed in the interests of the owners of capital. We know that system works; economics shows us why it works. The alternative, with resources deployed to satisfy the egos and fill the pockets of the hired hands, has no theoretical justification and little practicality - just as a big country house run in the interests of the butler would be a mess. As capitalists, we must work together to restore capitalism!
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    To inattentive observers, the recent announcement that the British insurance company Prudential PLC (NYSE ADR: PUK) would pay $35.5 billion for American International Group Inc.'s (NYSE: AIG) Asian insurance operation, AIA, might seem like just another belated expansion of the old British Empire - a strange contrast to the sale of the premier British chocolate company Cadbury PLC (NYSE ADR: CBY) to Kraft Foods Inc. (NYSE: KFT) last month. Yet in reality both deals are examples of Empire-building that for shareholders is much more dangerous than the benign British variety - Empire-building by corporate management that runs contrary to capitalist ideals.
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    Monopolies - BAD (Adam Smith even said so!) Companies controlled and run by management (as if it were their own personal fiefdom and with their hands always in the "cookie jar"), rather than shareholders - BAD. BOTH ANTI-CAPITALISTIC. Both the "norm" for "the titans" of "modern [anti] capitalism". We no longer have capitalism (if that, like communism, ever existed in a more or less "pure" form!). We have a kleptocracy of the rich and corporate aristocracy (as incestuously intertwined as the European nobles ever were!).
Michael Hughes

Limbaugh and liberals clash on L.A. terrorist attack - 0 views

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    Limbaugh stretches truth on nuclear attack on L.A. towers, Stephanie Miller on Air America refutes him this morning.
David Corking

Why Neo-Conservative Pundits Love Jon Stewart -- Daily Intel 2009 -- New York News Blog... - 0 views

  • Since the beginning of the Obama administration, Stewart has interviewed more conservative pundits than liberal ones. (Remember when fans fretted he'd have trouble finding ways to be funny under the new president?) It may be because it's simply easier to tangle with an ideological adversary than to needle a compatriot. A clash of ideas is always more entertaining than an echo chamber.
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    It is a very strange world when comedy and satire have become a respected medium for debate.
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