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Sonny Cher

Getting High Legally! - 1 views

After getting out of rehab, I still cannot shake off my need to get high. However, I vowed not to resort to illegal drugs again. After consulting a friend about it, he introduced legal drugs and ma...

marijuana

started by Sonny Cher on 23 Jun 11 no follow-up yet
thinkahol *

Elections Have Consequences - 0 views

www.readersupportednews.org/...20-elections-have-consequences

Elections Have Consequences

shared by thinkahol * on 17 Jul 11 - No Cached
  • thinkahol * on 17 Jul 11
     
    We are at a pivotal moment in American history, and many Americans watching the deficit talks in Washington are confused, perplexed, angry and frustrated. This country, which has paid its debts from Day 1, must pay its debts. Anyone who says it is not a big deal for this country to default clearly does not understand what he or she is talking about. This is a nation whose faith and credit has been the gold standard of countries throughout the world. Some people simply say we're not going to pay our debt, that there's nothing to really worry about. Those are people who are wishing our economy harm for political reasons, and those are people whose attitudes will have terrible consequences for virtually every working family in this country in terms of higher interest rates, in terms of significant job loss, in terms of making a very unstable global economy even more unstable. Our right-wing friends in the House of Representatives have given us an option. What they have said is end Medicare as we know it and force elderly people, many of whom don't have the money, to pay substantially more for their health care. So when you're 70 under their plan and you get sick and you don't have a whole lot of income, we don't know what happens to you. They forget to tell us that if their plan was passed you're going to have to pay a heck of a lot more for the prescription drugs you're getting today. They we're going to throw millions of kids off health insurance. If your mom or dad is in a nursing home and that nursing home bill is paid significantly by Medicaid and Medicaid isn't paying anymore, they forgot to tell us what happens to your mom or dad in that nursing home. What happens? And what happens today if you are unemployed and you're not able to get unemployment extension? What happens if you are a middle-class family desperately trying to send their kids to college and you make savage cuts to Pell grants and you can't go to college? What does it mean for the nation if we
thinkahol *

Martin Luther King - A Time to Break Silence - YouTube - 0 views

www.youtube.com/watch

Martin Luther King - A Time to Break Silence YouTube

shared by thinkahol * on 18 Oct 11 - No Cached
  • thinkahol * on 18 Oct 11
     
    Martin Luther King - A Time to Break Silence Starting in 1965, King began to express doubts about the United States' role in the Vietnam War. In an April 4, 1967, appearance at the New York City Riverside Church - exactly one year before his death - King delivered Beyond Vietnam: A Time to Break Silence. In the speech he spoke strongly against the U.S.'s role in the war, insisting that the U.S. was in Vietnam "to occupy it as an American colony" and calling the U.S. government "the greatest purveyor of violence in the world today." "Now, it should be incandescently clear that no one who has any concern for the integrity and life of America today can ignore the present war. If America's soul becomes totally poisoned, part of the autopsy must read: Vietnam. It can never be saved so long as it destroys the deepest hopes of men the world over. So it is that those of us who are yet determined that America will be are led down the path of protest and dissent, working for the health of our land." "At this point I should make it clear that while I have tried in these last few minutes to give a voice to the voiceless in Vietnam and to understand the arguments of those who are called "enemy," I am as deeply concerned about our own troops there as anything else. For it occurs to me that what we are submitting them to in Vietnam is not simply the brutalizing process that goes on in any war where armies face each other and seek to destroy. We are adding cynicism to the process of death, for they must know after a short period there that none of the things we claim to be fighting for are really involved. Before long they must know that their government has sent them into a struggle among Vietnamese, and the more sophisticated surely realize that we are on the side of the wealthy, and the secure, while we create a hell for the poor." Martin Luther King, Jr. (January 15, 1929 -- April 4, 1968), was one of the main leaders of the American civil rights movement. A Baptist minist
thinkahol *

Study shows that one 'super-corporation' pulls the strings of the global economy | Mail... - 0 views

www.dailymail.co.uk/...ls-strings-global-economy.html

Study shows that one 'super-corporation' pulls the strings of global economy | Mail Online

shared by thinkahol * on 20 Oct 11 - No Cached
  • thinkahol * on 20 Oct 11
     
    A University of Zurich study 'proves' that a small group of companies - mainly banks - wields huge power over the global economy. The study is the first to look at all 43,060 transnational corporations and the web of ownership between them - and created a 'map' of 1,318 companies at the heart of the global economy. The study found that 147 companies formed a 'super entity' within this, controlling 40 per cent of its  wealth. All own part or all of one another. Most are banks - the top 20 includes Barclays and Goldman Sachs. But the close connections mean that the network could be vulnerable to collapse
thinkahol *

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

dailybail.com/...ckstopping-75-trillion-of.html

HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank America's Derivatives Trades Home The Daily Bail

shared by thinkahol * on 19 Oct 11 - No Cached
  • thinkahol * on 19 Oct 11
     
    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.
thinkahol *

The killing of Awlaki's 16-year-old son - Salon.com - 0 views

www.salon.com/...singleton

The killing of Awlaki's 16-year-old son - Salon.com

shared by thinkahol * on 24 Oct 11 - No Cached
  • thinkahol * on 24 Oct 11
     
    Two weeks after the U.S. killed American citizen Anwar Awlaki with a drone strike in Yemen - far from any battlefield and with no due process - it did the same to his 16-year-old son, Abdulrahman al-Awlaki, ending the teenager's life on Friday along with his 17-year-old cousin and seven other people. News reports, based on government sources, originally claimed that Awlaki's son was 21 years old and an Al Qaeda fighter (needless to say, as Terrorist often means: "anyone killed by the U.S."), but a birth certificate published by The Washington Post proved that he was born only 16 years ago in Denver. As The New Yorker's Amy Davidson wrote: "Looking at his birth certificate, one wonders what those assertions say either about the the quality of the government's evidence - or the honesty of its claims - and about our own capacity for self-deception." The boy's grandfather said that he and his cousin were at a barbecue and preparing to eat when the U.S. attacked them by air and ended their lives. There are two points worth making about this:
Arabica Robusta

West 86th - The Administration of Things: A Genealogy - 0 views

www.west86th.bgc.bard.edu/...-administration-of-things.html

political theory

shared by Arabica Robusta on 03 Sep 12 - No Cached
  • “If men never disagreed about the ends of life, if our ancestors had remained undisturbed in the Garden of Eden, the studies to which the Chichele Chair of Social and Political Theory is dedicated could scarcely have been conceived,” Isaiah Berlin told his audience at Oxford when he assumed that position in 1958. Philosophy was at its best when it was being contentious, especially when it was being contentious about the meaning and purpose of our common existence. Too much agreement was an abdication of its ethical responsibility
  • The task of philosophy was not to settle disputes, but to unsettle them, to encourage them, to keep them going. For it was only through disputation that we could resist the rule of experts and machines, the bureaucratic-technocratic society foretold by Saint-Simon and championed by Marx and Engels, a society in which we replace the “government of persons by the administration of things.”
  • Louis de Bonald pointed to the hard choices that the state would have to make. “In the modern state, we have perfected the administration of things at the expense of the administration of men, and we are far more preoccupied with the material than the moral,” he wrote. “Few governments nurture religion or morality with the same attention that they promote commerce, open communications, keep track of accounts, provide the people with pleasures, etc.” 12
  • ...6 more annotations...
  • All history, Comte argued, is a history of class struggle. Not the struggle between master and slave, lord and serf, bourgeois and proletarian—that was still a couple decades away—but the struggle between two classes of phenomena: “critical” phenomena that contributed to moral and political decay and “organic” phenomena that promoted individual and social regeneration.
  • The objective was to protect against arbitrariness in all of its manifestation. Earlier political thinkers had tended to associate arbitrariness mainly with absolutist governments, but for Comte any form of government was susceptible so long as it rested on “metaphysical” rather than “positive” principles.
  • Engels believed that the obsession with detail that had characterized utopian socialism—its compulsion to work out every last aspect of future social organization—is precisely what made it so utopian.
  • When, at last, it becomes the real representative of the whole of society, it renders itself unnecessary. As soon as there is no longer any social class to be held in subjection; as soon as class rule, and the individual struggle for existence based upon our present anarchy in production, with the collisions and excesses arising from these, are removed, nothing more remains to be repressed, and a special repressive force, a State, is no longer necessary.
  • “I think it was Trotsky who used a very plain but very telling metaphor,” the historian Isaac Deutscher told graduate students in a seminar on bureaucracy at the London School of Economics in 1960. “The policeman can use his baton either for regulating traffic or for dispersing a demonstration of strikers or unemployed. In this one sentence is summed up the classical distinction between administration of things and administration of men.”
  • Our hasty genealogy of the “administration of things” must conclude with its latest, and quite possibly last, iteration: Bruno Latour’s “Parliament of Things,” or Dingpolitik. Initially proposed in his book We Have Never Been Modern (1991), then extended in a massive exhibition and accompanying catalog, Making Things Public (2005), Latour’s program has attracted a growing number of partisans in the world of political theory
Bakari Chavanu

Five Economic Reforms Millennials Should Be Fighting For | Politics News | Rolling Stone - 0 views

www.rollingstone.com/...hould-be-fighting-for-20140103

economics politics

shared by Bakari Chavanu on 04 Feb 14 - No Cached
  • Some economists have proposed running a job guarantee through the non-profit sector, which would make it even easier to suit the job to the worker. Imagine a world where people could contribute the skills that inspire them – teaching, tutoring, urban farming, cleaning up the environment, painting murals – rather than telemarketing or whatever other stupid tasks bosses need done to supplement their millions. Sounds nice, doesn't it?
    • Bakari Chavanu
      Bakari Chavanu on 04 Feb 14
       
      Jeremey Rifkin's The End of Work proposes this idea.
  • What if people didn't have to work to survive? Enter the jaw-droppingly simple idea of a universal basic income, in which the government would just add a sum sufficient for subsistence to everyone's bank account every month. A proposal along these lines has been gaining traction in Switzerland, and it's starting to get a lot of attention here, too.
  • A universal basic income would address this epidemic at the root and provide everyone, in the words of Duke professor Kathi Weeks, "time to cultivate new needs for pleasures, activities, senses, passions, affects, and socialities that exceed the options of working and saving, producing and accumulating."
  • ...7 more annotations...
  • Ever noticed how much landlords blow? They don't really do anything to earn their money. They just claim ownership of buildings and charge people who actually work for a living the majority of our incomes for the privilege of staying in boxes that these owners often didn't build and rarely if ever improve.
  • In a few years, my landlord will probably sell my building to another landlord and make off with the appreciated value of the land s/he also claims to own – which won't even get taxed, as long as s/he ploughs it right back into more real estate.
  •  Municipalities themselves can be big-time landowners, and groups can even create large-scale community land trusts so that the land is held in common. In any case, we have to stop letting rich people pretend they privately own what nature provided everyone.
  • Hoarders blow. Take, for instance, the infamous one percent, whose ownership of the capital stock of this country leads to such horrific inequality. "Capital stock" refers to two things here: the buildings and equipment that workers use to produce goods and services, and the stocks and bonds that represent ownership over the former. The top 10 percent's ownership of the means of production is represented by the fact that they control 80 percent of all financial assets.
    • Bakari Chavanu
      Bakari Chavanu on 04 Feb 14
       
      Defines capital stock
  • You know what else really blows? Wall Street. The whole point of a finance sector is supposed to be collecting the surplus that the whole economy has worked to produce, and channeling that surplus wealth toward its most socially valuable uses. It is difficult to overstate how completely awful our finance sector has been at accomplishing that basic goal. Let's try to change that by allowing state governments into the banking game.
  • There is only one state that currently has a public option for banking: North Dakota.
  • When North Dakotans pay state taxes, the money gets deposited in the state's bank, which in turn offers cheap loans to farmers, students and businesses. The Bank of North Dakota doesn't make seedy, destined-to-default loans, slice them up inscrutably and sell them on a secondary market.
Arabica Robusta

Building a civil economy | openDemocracy - 6 views

www.opendemocracy.net/...building-civil-economy-0

economic theory gift society game

shared by Arabica Robusta on 07 Aug 12 - No Cached
  • my argument is that humans are more relational, ‘gift-exchanging animals’ who are naturally disposed to cooperate for mutual benefit. In the following I will attempt to show how such an alternative anthropology can translate into a ‘civil economy’ and transformative policy ideas: rebuilding our economy and embedding welfare in communities.
  • In the wake of Marcel Mauss’ work on the gift, this model emerged as a legitimate way of rethinking economics: humans are naturally social animals with dispositions to cooperate in the quest for the common good in which all can partake.
  • Building on Polanyi and G. D. H. Cole’s guild socialism, one can suggest that an embedded model means that elected governments have the duty to create the civic space in which workers, businesses and communities can regulate economic activity and direct the ‘free flow’ of globally mobile capital to productive activities that benefit the many, not the few.
  • ...3 more annotations...
  • At national and supranational levels, caps on interest rates would help curb the predations of creditors upon debtors. Linked to such limits on financial domination are new incentives and rewards for channelling capital in productive, human and social activities.
  • f the declared aim is to preserve the dignity of natural and human life, then all participants in the public realm have a duty to promote human relationships and associations that nurture the social bonds of trust and reciprocal help upon which both democracy and the economy rely.
  • Thus, the link between different actors and levels is a series of abstract, formal rights and entitlements or monetised, market relations (or again both at once). As such, welfare beneficiaries are reduced to merely passive recipients of a ‘one-size-fits-all’, top-down service. State paternalism and private contract delivery cost more to deliver less, and they lock people either into demoralising dependency on the central state or financially unaffordable dependency on outsourced, private contractors.
Politica Bar

The demophobes and the great fear of populism | openDemocracy - 5 views

opendemocracy.net/...bes-and-great-fear-of-populism

shared by Politica Bar on 27 Jun 13 - No Cached
  • What do these political forces have in common? In truth, very little. Some are ideologically and politically poles apart. If these parties are politically different, why indiscriminately refer to them as ‘populist’?
  • Over the past fifteen years or so, the word’s meaning has changed quite considerably. Nowadays, it rarely defines authoritarian regimes which appeal to the masses, but rather designates left-wing or right-wing movements which are seen as challenging the dominant ideas or policies.
    • Arabica Robusta
      Arabica Robusta on 27 Jun 13
       
      Questionable history.  Latin American "populism" typically referred to regimes that tried to be independent of the United States.
  • Politica Bar on 23 Jan 14
     
    Wikimedia Commons/thesupermat. Some rights reserved. So we are all 'populist' now? Many in the media and in academia seem to think so. In Europe, various political movements and politicians are described as 'populist'.
Levy Rivers

Joseph A. Palermo: Defeating the Bailout Looks Like Another Republican Ploy - 0 views

www.huffingtonpost.com/...-the-bailout-loo_b_130447.html

bailout cynicism republican

shared by Levy Rivers on 30 Sep 08 - Cached
  • House Republican leaders did not put much pressure on their rank-and-file members to back the rescue package." John Boehner, Roy Blunt and other "leaders" of the House Republicans thought they could strike a public pose as if they really cared about the credit seizure that looms over the country while secretly hoping to pin the bill's passage on Nancy Pelosi, Steny Hoyer, (and by association, Barack Obama).
  • They wanted Speaker Pelosi to pass the bill without much Republican cover so they could tell their constituents that the Democrats were just "picking the taxpayers' pockets again."
  • I agree with the critical flaws in the bill that Dennis Kucinich articulated this morning on Amy Goodman's show, Democracy Now! I don't believe in a government welfare program for Wall Street swindlers who had the audacity to pump up the paper value of one of their hidden, unregulated derivatives, "credit default swaps," from $631 billion in 2001 to $62 trillion in 2008! I think some people should be indicted; some people should go to jail.
  • ...3 more annotations...
  • Whenever you hear the word "bi-partisan," even during the waning hours of the Bush years, it usually means something very bad is about to happen.
  • All of a sudden I hear Bush Administration mouthpieces such as the billionaire Henry Paulson, who in the past have told us that we are all on our own and we shouldn't rely on government for anything, speak about "our" financial markets as if working people have been the ones swapping "collateralized debt obligations" and "hybrid debt instruments."
  • It is my hope we can seize the opportunity this crisis presents, hold President Obama's feet to the fire, and construct a new social compact in this country, a New New Deal.
Levy Rivers

Op-Ed Columnist - Running While Black - Op-Ed - NYTimes.com - 0 views

www.nytimes.com/...02herbert.html

campaign obama reputation

shared by Levy Rivers on 03 Aug 08 - Cached
  • Spare me any more drivel about the high-mindedness of John McCain. You knew something was up back in March when, in his first ad of the general campaign, Mr. McCain had himself touted as “the American president Americans have been waiting for.”
  • Evidence? John McCain needs no evidence. His campaign is about trashing the opposition, Karl Rove-style. Not satisfied with calling his opponent’s patriotism into question, Mr. McCain added what amounted to a charge of treason, insisting that Senator Obama would actually prefer that the United States lose a war if that would mean that he — Senator Obama — would not have to lose an election.
  • Mr. Obama has to endure these grotesque insults with a smile and heroic levels of equanimity. The reason he has to do this — the sole reason — is that he is black.
Levy Rivers

Mark Kleiman: Changing the topic - Politics on The Huffington Post - 0 views

www.huffingtonpost.com/...anging-the-topic_b_104236.html

gramm lobbyist mccain politics

shared by Levy Rivers on 30 May 08 - Cached
  • Coincidentally, on the very same day the Financial Times reported that UBS had advised 50 current and former employees of its private banking group not to travel to the United States. The bank is worried that they might be arrested in connection with a massive tax-evasion scheme under which UBS helped rich Americans cheat the IRS, thus making sure that the rest of us suckers had to pay for, e.g., the War in Iraq. Some of the clients of the scheme are already testifying before a grand jury, and a senior UBS official has already been indicted. UBS is offering to provide lawyers for all of the suspects. Now, how is it that Gramm got to be Vice-Chairman of UBS? Why, by being the chief author of the banking-deregulation legislation (the repeal of the Glass-Steagall Act) that made so many bankers rich and helped create the crisis McCain doesn't want to do anything about. In keeping with McCain's decision to purge "lobbyists" from his campaign, Gramm had himself de-registered as a lobbyist. But he's still Vice Chairman of UBS, and still McCain's chief economic adviser. All the de-listing means is that he can't now personally call Congressmen or Senators; no doubt his staff can handle such details for the next few months.
nariza layosa

"happi with an i" and "unhappi with an i" - what do they mean? - 0 views

happiocracy-happi-and-unhappi.blogspot.com

unhappi

shared by nariza layosa on 30 May 08 - Cached
  • “happi with an i” and “unhappi with an i” qualify a word to suggest that it does, or does not, advance the cause of happierism. Happierism is the belief that the greatest good that government can do, is to eradicate unhappiERness, especially of the unhappiERest. UnhappiERness is government-induced unhappiness additional to our own, personal mix of happiness and unhappiness. UnhappiERness is also known as Avoidable Unhappiness.
  • nariza layosa on 30 May 08
     
    "happi with an i" and "unhappi with an i" qualify a word to suggest that it does, or does not, advance the cause of happierism. Happierism is the belief that the greatest good that government can do, is to eradicate unhappiERness, especially of the unhappiERest. UnhappiERness is government-induced unhappiness additional to our own, personal mix of happiness and unhappiness. UnhappiERness is also known as Avoidable Unhappiness.
Levy Rivers

Tom Watson MP » Blog Archive » Power of Information: New taskforce and speech - 0 views

tom-watson.co.uk/index.php

data leadership phones coverage prime minister taskforce

shared by Levy Rivers on 02 Apr 08 - Cached
  • We commissioned Ed Mayo and Tom Steinberg to write the Power of Information report because we knew that information, presented in the right way, was a potent driver for improving public services and government.
  • Today I am going to offer two arguments that I think compliment the Prime Minister’s recent announcement on public service reform
  • Firstly, that freeing up data will allow us to unlock the talent British entrepreneurs. And secondly, engaging people - using the simple tools that bring them together - will allow the talents of all our people to be applied to the provision of public services.
  • ...20 more annotations...
  • The difference of course is that today we contend with what Richard Saul Wurman describes as a ‘tsunami of data’
  • My job is to make sure that government can benefit from this new thinking too. When we were first elected in 1997 people had a recipient relationship with data, they got what they were given when they were given it. It was static.
  • In scale, the spread of social media is comparable to the spread of telephones in the 1930’s to the 1950’s. Yet it’s happened in two years not 20.
  • As Clay Shirky would say, we’ve reached a point where technology is simple and boring enough to be socially useful and interesting.
  • Over 7 million electronic signatures have been sent, electronically, to the Downing Street petition website. 1 in 10 citizens have emailed the Prime Minister about an issue. The next stage is to enable e-petitioners to connect with each other around particular issues and to link up with policy debates both on and off Government webspace.
  • Only last week, the Prime Minister became the first head of Government in Europe to launch his own channel on Twitter, which I can tell you from experience, is extremely useful to his ministers at least
  • Richard is here tonight and I hope that after the formal proceedings you might like to share some of your own ideas with him. Richard is also joined by a number of other taskforce members. They’re all people with remarkable track records in this field. We’re lucky. The UK has some of the world’s leading talent.
  • And today the PM announced an initiative that would allow you to find your community Bobbies using your postcode.
  • The taskforce will bring its expertise to bare on existing initiatives to see if we can what we already do better
  • I want the taskforce to ensure that the COI and Cabinet Office produce a set of guidelines that adheres to the letter of the law when it comes to the civil service code but also lives within the spirit of the age. I’ll be putting some very draft proposals to the taskforce to consider later this week.
  • By bringing people onto the taskforce with the skills and experiences of people like Sally Russell we can move further and faster in this area.
  • Two weeks ago the Prime Minister signalled that we were moving public services to the next stage of reform. He said that we were not only going to, further enhance choice but also empower both the users of services and all the professionals who deliver them - to drive up standards for all.
  • Transformational government is about wrapping services around the citizen, not citizens around the services.
  • Last month DirectGov had over 7 million visitors. Peter is seeing the aggregate desires of millions of UK public service using citizens. I had half an hour with him a fortnight ago and came away with a dozen ideas as to how we can improve our public services.
  • I’m the Member of Parliament for West Bromwich East and I didn’t know about an important recycling initiative going on in my own patch. This information now means that a bag load of clothing for a small child and a habitat sofa are about given a second chance to give pleasure.
  • And much of that information has the potential to be reused in data mashups. Some of it already is, like Hansard on theyworkforyou, or Google Maps using Ordnance Survey data.
  • The Power of Information Report recognised that, and made recommendations to the Treasury. The Treasury, with the Department for Business, Enterprise and Regulatory Reform, published an independent economic study in the Budget and announced its intention to look at these issues during this spending review cycle.
  • It was this early open source approach that arguably fostered 500 years of Islamic scholarship in important fields like medicine, astronomy, lexicography, literature and science. In contrast, European data was stored in monasteries and did not foster easy knowledge transfer. As Gibbon wrote in the ‘Decline and fall of the Roman empire’ the ‘age of Arabian learning continued about five hundred years’ and was coeval with the darkest and most slothful period of European annals?
  • I believe in the power of mass collaboration. I believe that as James Surowiecki says the many are smarter than the few. I believe that the old hierarchies in which government policy is made are going to change for ever. I said that I don’t believe the post-bureaucratic age argument. It’s just old thinking, laissez faire ideas with a new badge. The future of government is to provide tools for empowerment, not to sit back and hope that laissez-faire adhocracy will suffice.
  • The irony that laying claim to the ownership of a policy on open source was lost to the poor researcher who had spent a day dissecting the speech. He’d been able to do so easily because it was freely available on my blog, a simple tool used for communicating information quickly and at nearly zero cost without the requirement to charge for access. The point is, who cares? It doesn’t matter who has the ideas. It’s what you do with them and how you improve on them that counts.
Levy Rivers

Writers praise Barack Obama's inaugural address - long on plot - stood on shoulders - 0 views

www.latimes.com/...ti21-2009jan21,0,7682733.story

obama

shared by Levy Rivers on 21 Jan 09 - Cached
  • Long on plot (and it will thicken), it did what literature does best: the backward glance, the standing on shoulders, the salute to ancestors and other sources of wisdom.
  • He is our first (in the best sense of the word) aristocratic president," author and journalist Malcolm Gladwell told The Times. "Bush was a buddy. Clinton was the kindly uncle. Obama is a prince."
  • Some, like memoirist Patricia Hampl, praised Obama's plain speaking. "I was glad," she said, "that he denied himself rhetorical flourishes and gave a speech as refined and restrained in its power so that political language itself was restored to its greatest value -- saying what the speaker means."
Skeptical Debunker

Volcker Rule: 5 Formery Treasury Secretaries Back Obama's Reforms - 0 views

www.huffingtonpost.com/...ule-5-treasury-s_n_472051.html

Volcker Rule endorsements ex-Treasury officials

shared by Skeptical Debunker on 22 Feb 10 - Cached
  • The ex-Treasury officials, who served both Republican and Democratic administrations, wrote that the reform measure, which would prohibit commercial banks from owning or investing in hedge funds, private equity funds or "proprietary trading" operations, is a reasonable trade for the benefits banks reap from "public support by means of access to the Federal Reserve and FDIC insurance." And while the rule may not alone prevent the next financial crisis, they said it's a crucial part of a more expansive regulatory reform package: "We fully understand that the restriction of proprietary activity by banks is only one element in comprehensive financial reform. It is, however, a key element in protecting our financial system and will assure that banks will give priority to their essential lending and depository responsibilities."
  • Skeptical Debunker on 22 Feb 10
     
    The 'Volcker Rule' got fresh support this morning when five former Treasury Secretaries endorsed the key financial regulation in a letter to the Wall Street Journal.
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