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.
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in title, tags, annotations or urlMark Kleiman: Changing the topic - Politics on The Huffington Post - 0 views
Marcia G. Yerman: Race, Gender and the Media in the 2008 Elections - 0 views
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Several themes coalesced over the two-day period. A prominent one was the oft repeated, "Did race trump gender?" Dr. Cynthia Neal-Spence, Associate Professor of Sociology at Spelman College, spoke about the dilemma of the black female. Asking, "Are we as a group more gender conscious or race conscious?" she then suggested "the media coverage had helped black women to choose sides." Despite Obama offering a post-racial approach, she sensed the same "tensions resurfacing that were in place during the suffragette movement." She also saw the media's analyzation as being "racialized."
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Although feminine for Sarah Palin is an asset, "feminine" attributes in general are considered a negative. "The process of gender," as phrased by Vojdik, is a methodology employed by the Republicans where they "feminize" a male candidate -- to his detriment.
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Frank Rudy Cooper, Associate Professor of Law at Suffolk University, spelled out that "Obama had to deal with the media representation of black masculinity." He posited that Obama had to be "a unisex president." Despite trying to run a "post-racial campaign, Obama had to be careful avoid "the angry black male" stereotype by not being too aggressive. Cooper explained that in pitting McCain against Obama, the masculine vs. feminine style is emphasized. Obama's empathetic style has been criticized, and as "feminization is a slur," he is forced into a precarious balancing act.
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Tom Watson MP » Blog Archive » Power of Information: New taskforce and speech - 0 views
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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.
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Today I am going to offer two arguments that I think compliment the Prime Minister’s recent announcement on public service reform
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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.
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Gary Gensler's Conversion to Financial Reformer - NYTimes.com - 0 views
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Today, he is emerging as one of the nation’s archreformers, pushing to impose some of the most stringent new financial regulations in history. And as the head of the Commodity Futures Trading Commission, the leading contender to oversee the complex derivatives contracts that played a central role in the financial crisis and, in turn, the Great Recession, he is in a position to influence the outcome. It may seem an unlikely conversion, but it is one that has won the approval of Brooksley E. Born, of all people, a former outspoken head of the commission. She sounded alarms more than a decade ago about the dangers hiding in the poorly understood derivatives market and was silenced by the same Washington power brokers that counted Mr. Gensler as a member. Mr. Gensler opposed Ms. Born, according to people who worked at the commission in the 1990s, and in 2000 played a significant role in shepherding through Congress deregulation measures that led to explosive growth of the over-the-counter derivatives market. That was then. These days, Ms. Born is convinced of Mr. Gensler’s reformist zeal, as he takes on Wall Street in what is becoming one of the fiercest battles over regulation in the postcrisis era. “I think he is doing very well,” she said in an interview. “He certainly seems to be committed to robust oversight of derivatives and limiting excessive speculation and leverage.” The proposals championed by Mr. Gensler, if adopted by Congress, would substantially alter what is now a largely unregulated market in over-the-counter derivatives, financial instruments used by companies and investors to protect themselves and bet on moves in variables, like interest rates or currencies, and to speculate. The proposals include forcing the big banks that sell derivatives to conduct their trades in the open on public exchanges and clear them through central clearinghouses, so that any investor can see the prices that dealers charge their customers. Today, those transactions are bilateral and private.
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For 18 years, Gary G. Gensler worked on Wall Street, striking merger deals at the venerable Goldman Sachs. Then in the late 1990s, he moved to the Treasury Department, joining a Washington establishment that celebrated the power of markets and fought off regulation at almost every turn.
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Maybe he has "SEEN THE LIGHT" (had an almost "religious" conversion to the benefits of regulation). Then again, maybe his old employer (Goldman Sachs) - having become the "biggest and baddest" in the regulation-less free-for-all (including getting bailout funds through AIG for credit-default-swap "insurance" on derivatives) - wants to "cement" their position with regulation preventing any other party from doing what they did (and he is willing to help them in that regard)!?
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Maybe he has "SEEN THE LIGHT" (had an almost "religious" conversion to the benefits of regulation). Then again, maybe his old employer (Goldman Sachs) - having become the "biggest and baddest" in the regulation-less free-for-all (including getting bailout funds through AIG for credit-default-swap "insurance" on derivatives) - wants to "cement" their position with regulation preventing any other party from doing what they did (and he is willing to help them in that regard)!?
Replace Police With Spin Doctors « POLICE INSPECTOR BLOG - 0 views
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testing an age old theory about what happens when you approach a 6ft riot cop and tell him to fuck off repeatedly?
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I blame Globalisation. Lets test this theory by choosing six other countries in the world, going over to each country one at a time, walking up to a riot cop and telling him to fuck off repeatedly. Compare injuries on return to UK. If you return to UK.
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Will this person now be arrested for verbally abusing a Police Officer? If not, why not?
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SOCIALIST UNITY » DEREK DRAPER - YESTERDAY'S MAN DAMAGES LABOUR | April 2009 - 0 views
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I actually do have some sympathy with Derek Draper’s argument that this was a private e-mail conversation, but the mistake Draper made was seeking to get down in the gutter and slug it out with the likes of Paul Staines.
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The electorate respects conviction politicians, and the labour movement project to build a secure and just, better world is a principled and enduring platform that needs to be restored to the heart of left and centre-left politics.
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Obscene, libellous smears are not the same as political tittle tattle.
Obama Receives An "E" For Effort - 0 views
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President Barack Obama winning the Nobel Peace Prize is kind of like Kristen Stewart winning an Oscar for her acting abilities in Twilight. Except the latter would never happen, which sort leads me to believe that the American Academy of Motion Picture Arts and Sciences is in many ways a much more reputable and prestigious institution...
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