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Yee Sian Ng

Germany is tired of paying Europe's bills. - By Anne Applebaum - Slate Magazine - 0 views

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    "After all, Germany is now run by a generation with no personal memories of the war. Germany's historical debate is now focused on the fate of Germans who suffered from wartime bombing and postwar deportation, not with the fate of Germany's victims-in Greece or anywhere else. Sooner or later, the Germans will collectively decide that enough sacrifices have been made and that the debt to Europe has been paid. Thanks to the ungrateful Greeks with their island villas and large pensions, that day may arrive more quickly that we thought it would."
Omnipotent Poobah

Don't Blame Obama, America Did It To Itself - 0 views

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    Obama is neither liberal nor conservative, he's a middle of the roader. It sure would've been nice if voters had noticed that before they elected him.
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    I'd sure like to see Obama "kick some ass", instead of allowing the Repubs to do the same thing they've been doing for the past eight or nine years. Mainly bully and intimidate, and use scare tactics to get what they and big business want.
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    Frank: The democrats have a 60 vote majority and Obama doesn't need them at all for anything. He pretty much has let them know "We Won!" He also has pretty much let them know he doesn't need them. This is a Liberal controlled White House, Senate and House. Stop the blame game. Let's put the focus exactly where everyone who is truthful, here, understands: On the Democratic controlled Administration and Congress. They have all the marbles and they don't need the Republicans' vote. The problem Obama has is that he realizes that there is going to be a bloodbath. Please, don't say otherwise - even his own people are starting to prepare the party. Why do you suppose four Democrats announced that they are retiring - they aren't even running over the next 10 1/2 months. More will reitre before election day. He has the same problem that Clinton had - he could possibly lose the House and he would then be somewhat in the same position of Clinton - who was forced to the middle because he would not be able to get anything else approved. I may be wrong, history will decide, but I think the American people no longer trust either party. Are you happy with the Democrats? We now have senators selling their vote for $300,000,000 in one instance and Sen. Nelson just got a permanent exemption for Medicaid cost that States have to pay - Forever! All 49 other states must pick up this states cost - all for one vote! Do you believe this is what the Democrats, Republicans or Independents expect or want from their government. I don't. Getting back to my point, the people of America don't trust either party, now, and want them closely divided so they don't do too much harm. Independents have swung away from Obama in a very big way. He ran more as a centrist and now people fill lied to. Seven days before he took office he said he was fundamentally going to change America. No one had heard this before - not "Fundamentally". They expected a far more bipartisan
thinkahol *

If Not Now, When? - NYTimes.com - 0 views

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    "America, you have built your house at the foot of a volcano. That volcano is now spewing lava from different cracks and is rumbling like it's going to blow. Move your house!" In this case, "move your house" means "end your addiction to oil."
thinkahol *

Plutocracy Now: What Wisconsin Is Really About | Mother Jones - 0 views

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    Workers now lose a collective $743 billion each year. The top1 percent gains $673 billion. That's a pretty close match
thinkahol *

GOP Plan to Run Fake Democratic Candidates | Truthout - 0 views

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    Madison, Wisconsin - The gears of government tend to grind slowly. But in Wisconsin lately they are racing at turbocharged speed. In just the last few weeks, Gov. Scott Walker, a Republican, has signed legislation to require voters to show photo identification cards at the polls and to deregulate elements of the telecommunications industry. And the Republican-dominated Legislature is now in the midst of advancing provisions to expand school vouchers, to allow people to carry concealed weapons, to cut financing for Planned Parenthood and to bar illegal immigrants from paying in-state tuition at Wisconsin's universities. Why the urgency? Republicans, who suddenly swept into control of this Capitol in last fall's elections, face a deadline of sorts. Though the lawmakers insist that their hurry-up offense is just living up to campaign promises, there is a threat looming: They are at risk of losing their newly won majority in the State Senate as early as next month. New, special elections are expected in as many as nine Senate districts (six of which are now held by Republicans) as part of the largest recall effort against state lawmakers in Wisconsin's history - an effort that grew out of yet another controversial measure Republicans pushed through this spring, a sharp reduction to collective bargaining rights for public workers.
thinkahol *

When Change Is Not Enough: The Seven Steps To Revolution | OurFuture.org - 0 views

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    "Those who make peaceful evolution impossible make violent revolution inevitable."- John F. KennedyThere's one thing for sure: 2008 isn't anything like politics as usual.The corporate media (with their unerring eye for the obvious point) is fixated on the narrative that, for the first time ever, Americans will likely end this year with either a woman or a black man headed for the White House. Bloggers are telling stories from the front lines of primaries and caucuses that look like something from the early 60s - people lining up before dawn to vote in Manoa, Hawaii yesterday; a thousand black college students in Prairie View, Texas marching 10 miles to cast their early votes in the face of a county that tried to disenfranchise them. In recent months, we've also been gobstopped by the sheer passion of the insurgent campaigns of both Barack Obama and Ron Paul, both of whom brought millions of new voters into the conversation - and with them, a sharp critique of the status quo and a new energy that's agitating toward deep structural change.There's something implacable, earnest, and righteously angry in the air. And it raises all kinds of questions for burned-out Boomers and jaded Gen Xers who've been ground down to the stump by the mostly losing battles of the past 30 years. Can it be - at long last - that Americans have, simply, had enough? Are we, finally, stepping out to take back our government - and with it, control of our own future? Is this simply a shifting political season - the kind we get every 20 to 30 years - or is there something deeper going on here? Do we dare to raise our hopes that this time, we're going to finally win a few? Just how ready is this country for big, serious, forward-looking change?Recently, I came across a pocket of sociological research that suggested a tantalizing answer to these questions - and also that America may be far more ready for far more change than anyone really believes is possible at this moment. In fac
thinkahol *

The death of trickledown: will the great con of the last 30 years survive the riots? | ... - 0 views

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    Trickledown was a lovely theory . The fact it didn't work was never a deterrent to our politicians who have allowed themselves to be guided by it for decades. To be fair, its failure was always disguised behind a huge bubble of debt (both public and private) which is now deflating to reveal the tangled mess of inequality , social dysfunction and economic stagnation hidden behind. With vast sums of money being sucked relentlessly upwards it is not surprising that we have a squeezed middle and that others talk of growth without gain for large sections of the population. It also appears that the winners in our economic casino are now shirking the one responsibility that trickledown demanded of them - to invest. Some even talk of a strike by Europe's investor class . Meanwhile conspicuous consumption continues unabated so we at least have some clues as to where the money is going.
Michael Hughes

Waterboarding and Politics: Let's Play Hardball - 0 views

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    Now that we've covered the legal and strategic angles of U.S. waterbording policy, it is now time to explore the political ramifications, or, in the words of Chris Matthews: "let's talk turkey".
The Ravine / Joseph Dunphy

Preservationists in Chicago Fear Losing Ground to Condos - New York Times - 0 views

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    Watch what's left of a once distinguished architectural legacy be destroyed because our city is run by idiots. Consider this quote: ""Beauty is in the eye of the beholder," Alderman Matlak said. "A lot of people don't want 19th-century buildings.I grew up in a frame house. My bedroom was 8 by 8. People don't want that now." Then - here's a wild idea. Maybe they might try moving into one of the neighborhoods that isn't historic? Which, in Chicago, is almost all of them, now? Speaking as somebody who lives in Chicago, I can report that the difference of opinion between the developers and the preservationists on this is not an honest one; the rate of demolition has not been exaggerated one bit.
thinkahol *

YouTube - Jeremy Scahill Comments on the Death of Osama Bin Laden & the US-led War on T... - 0 views

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    DemocracyNow.org -The manhunt for Osama Bin Laden is over. Nearly 10 years after the attacks on the World Trade Center and Pentagon, U.S forces are said to have assassinated the Saudi-born founder of Al Qaeda inside Pakistan. At the time of his death, Bin Laden was living in a heavily fortified mansion just a mile from the Pakistani Army's principal military academy. The U.S. operation was reportedly carried out by 25 Navy Seals under the command of the Joint Special Operations Command. It is unclear what role Pakistan played in the killing. For analysis, Democracy Now! interviews Jeremy Scahill, the national security correspondent for The Nation magazine. This clip is part of an hour-long roundtable discussion about Bin Laden's death and the ongoing war on terrorism. Click here to watch the entire interview: http://www.democracynow.org/shows/2011/5/2
thinkahol *

Glenn Greenwald: With Liberty and Justice for Some | Dylan Ratigan - 0 views

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    How did America come to accept having two classes of citizens?  When did America give up on the dream of fairness for all? Last night after the television show, I got the chance to sit down with Glenn Greenwald to discuss his new book, With Liberty and Justice for Some: How the Law is Used to Destroy Equality and Protect the Powerful. Unfairness in America is nothing new.  In fact, it is perfectly acceptable in this culture for us to admire those who we see as becoming successful and powerful by creating value.  At the same time, Americans accept unfairness with one explicit caveat: that each of us has the chance to be one of those people - that each of us has the opportunity to become successful. What Americans are rejecting now is not wealth disparity, but the corrupt and unethical way so much of the money in this country is now being made, with our government, more often than not, simply looking the other way. Well, Americans are saying "no more" to our government explicitly agreeing to legalize and codify that destructive behavior, protecting powerful political and financial elites while prosecuting ordinary Americans over trivial offenses. We are beginning to see a rejection of this unfairness at Occupy Wall Street and other national reform-based movements.  
Skeptical Debunker

Switzerland Keeping the Secrets of Alleged Tax Evaders - Yahoo! News - 0 views

  • Pick a dictator, almost any dictator - Cuba's Fulgencio Batista, the Philippines' Ferdinand Marcos, Haiti's Papa and Baby Doc Duvalier, the Shah of Iran, Central African Republic Emperor Jean-BÉdel Bokassa - and they all have this in common: they allegedly stashed their loot in secret, numbered accounts in Swiss banks, safely guarded by the so-called Gnomes of Zurich. This association - of bank secrecy and crime - has been fed into the public's imagination by dozens of books and movies. It's a reputation that rankles the Swiss, who have a more benevolent view of their commitment to privacy - one that happens to extend to tax privacy. Don't ask, because we won't tell. But the dramatic federal investigation of Switzerland's UBS has blown the lid off bank secrecy - and revealed how Swiss banks abet tax evasion on a far more widespread, if more banal, level. Over the past two decades, these secret banking services have been peddled progressively downmarket - first to the lesser-known fabulously wealthy, then to just the wealthy; more recently, private bankers have been tripping over themselves soliciting business from doctors, lawyers and other folks who are what the biz generally calls "high net worth" individuals. "The IRS has been concerned for decades that a combination of a global economy, the Internet, offshore banking, was really going to take offshore tax evasion from the old so-called 'gentlemen's sport' to tax evasion for the masses," says Mark Matthews, a former deputy IRS commissioner and now a tax attorney with Morgan, Lewis & Bockius LLP.
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    The federal investigation into UBS, which led to a $780 million fine and an agreement to turn over the names of more than 4,450 suspected tax cheats, is now in tatters after Swiss courts ruled against the executive-branch deal. To get around it, a special law has been proposed to accomplish the handoff, but that may not get anywhere in the legislature either. One outcome is already known: tax evasion had become a key service of the Swiss economy, not some isolated event. "They have been outed completely because a very large chunk of their business has been shown to include people cheating on taxes," says Jack Blum, a tax-haven expert. Being "reasonably conservative," he estimates 30% of Swiss banking is related to tax evasion, a figure that jibes with recently released bank data. These revelations come as the financial meltdown has punched a huge hole in projected revenues for governments, which are suddenly a whole lot less tolerant of tax cheats. That's particularly true in Germany, whose wealthy account for a significant portion (at least 10%) of the $1.8 trillion in Swiss banking assets. That translates into hundreds of millions in lost revenue and is the reason the German Finance Minister recently thundered, "There's no future for bank secrecy. It's finished. Its time has run out." The Swiss are not going to be so easily convinced. The Swiss government has already warned that it will not cooperate with German authorities if they go ahead with plans to purchase purloined data about Germans with Swiss bank accounts.
thinkahol *

Whither Now American Exceptionalism: On the Attempted Political Assassination... - 0 views

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    Back when Denis Leary was still a stand-up comedian, he had a funny yet sadly true bit about the fact that it's only the good ones that get assassinated. This morning, as I was reading a New York Times article about the sad killing of Pakistani politician Salman Taseer by a religious extremist, I lamented to my wife the bitter irony that it is always the voices of tolerance who are the assassinated by bigots.
thinkahol *

Koch Brothers Now at Heart of GOP Power - 0 views

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    The billionaire brothers' influence is most visible in the makeup of the House Energy and Commerce Committee, where members have vowed to undo restrictions on greenhouse gases.
thinkahol *

The joys of repressed voyeuristic titillation - Glenn Greenwald - Salon.com - 0 views

  • What makes the Anthony Weiner story somewhat unique and thus worth discussing for a moment is that, as Hendrik Hertzberg points out, the pretense of substantive relevance (which, lame though it was in prior scandals, was at least maintained) has been more or less brazenly dispensed with here.  This isn't a case of illegal sex activity or gross hypocrisy (i.e., David Vitter, Larry Craig, Mark Foley (who built their careers on Family Values) or Eliot Spitzer (who viciously prosecuted trivial prostitution cases)).  There's no lying under oath (Clinton) or allegedly illegal payments (Ensign, Edwards).  From what is known, none of the women claim harassment and Weiner didn't even have actual sex with any of them.  This is just pure mucking around in the private, consensual, unquestionably legal private sexual affairs of someone for partisan gain, voyeuristic fun and the soothing fulfillment of judgmental condemnation.  And in that regard, it sets a new standard: the private sexual activities of public figures -- down to the most intimate details -- are now inherently newsworthy, without the need for any pretense of other relevance.
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    What makes the Anthony Weiner story somewhat unique and thus worth discussing for a moment is that, as Hendrik Hertzberg points out, the pretense of substantive relevance (which, lame though it was in prior scandals, was at least maintained) has been more or less brazenly dispensed with here.  This isn't a case of illegal sex activity or gross hypocrisy (i.e., David Vitter, Larry Craig, Mark Foley (who built their careers on Family Values) or Eliot Spitzer (who viciously prosecuted trivial prostitution cases)).  There's no lying under oath (Clinton) or allegedly illegal payments (Ensign, Edwards).  From what is known, none of the women claim harassment and Weiner didn't even have actual sex with any of them.  This is just pure mucking around in the private, consensual, unquestionably legal private sexual affairs of someone for partisan gain, voyeuristic fun and the soothing fulfillment of judgmental condemnation.  And in that regard, it sets a new standard: the private sexual activities of public figures -- down to the most intimate details -- are now inherently newsworthy, without the need for any pretense of other relevance. 
thinkahol *

Occupy Wall Street: The Most Important Thing in the World Now | Naomi Klein - 0 views

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    I was honored to be invited to speak at Occupy Wall Street on Thursday night. Since amplification is (disgracefully) banned, and everything I said had to be repeated by hundreds of people so others could hear (a.k.a. "the human microphone"), what I actually said at Liberty Plaza had to be very short. With that in mind, here is the longer, uncut version of the speech.
William Green

The most important news and commentary to read right now. - The Slatest - Slate Magazine - 0 views

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    Andrew Sullivan supported George W. Bush for president in 2000 and praised his initial reactions to the attacks of Sept. 11, 2001. In the years since, Sullivan's become disgusted by the moral morass of American torture and Bush's stalwart defense of it. But Bush, Sullivan writes in a cover-story epistle to the former president in the Atlantic, is the only person who can amend torture's stain on the country. So Sullivan appeals to the conservative and Christian roots he shares with Bush and calls for the former president to "reject categorically the phony legalisms, criminal destruction of crucial evidence, and retrospective rationalizations used to pretend that none of this happened. It happened." Bush must, Sullivan writes, say a public mea culpa to the American people, as Ronald Reagan did in response to the Iran-Contra scandal. If not, Sullivan warns that a future president might "resort to the same brutalizing policy, with the same polarizing, demoralizing, war-crippling results. I am writing you now because it is within your power-and only within your power-to prevent that from happening."
thinkahol *

HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank Of Ameri... - 0 views

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    This story from Bloomberg just hit the wires this morning.  Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan.  Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.
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