U.S. to Raise 'Irregular War' Capabilities

Washington Post | The Pentagon this week approved a major policy directive that elevates the military's mission of "irregular warfare" -- the increasingly prevalent campaigns to battle insurgents and terrorists, often with foreign partners and sometimes clandestinely -- to an equal footing with traditional combat.

The directive, signed by Deputy Defense Secretary Gordon England on Monday, requires the Pentagon to step up its capabilities across the board to fight unconventionally, such as by working with foreign security forces, surrogates and indigenous resistance movements to shore up fragile states, extend the reach of U.S. forces into denied areas or battle hostile regimes.

The policy, a result of more than a year of debate in the defense establishment, is part of a broader overhaul of the U.S. military's role as the threat of large-scale combat against other nations' armies has waned and new dangers have arisen from shadowy non-state actors, such as terrorists that target civilian populations.

"The U.S. has considerable overmatch in traditional capabilities . . . and more and more adversaries have realized it's better to take us on in an asymmetric fashion," said Michael G. Vickers, assistant secretary of defense for special operations/low-intensity conflict and interdependent capabilities, and a chief architect of the policy.

Designed to institutionalize lessons the U.S. military has learned -- often painfully -- in Afghanistan and Iraq since 2001, the policy aims to prepare the military for the most likely future conflicts and to prevent the type of mistakes made in the post-Vietnam War era, when hard-won skills in counterinsurgency atrophied.

The Terrorist Within...,

Truthdig | Robert Pape in “Dying to Win: The Strategic Logic of Suicide Terrorism,” found that most suicide bombers are members of communities that feel humiliated by genuine or perceived occupation. Almost every major suicide-terrorist campaign—over 95 percent—carried out attacks to drive out an occupying power. This was true in Lebanon, Sri Lanka, Chechnya and Kashmir, as well as Israel and the Palestinian territories. The large number of Saudis among the 9/11 hijackers appears to support this finding.

Collective humiliation is also the driving force behind al-Qaida and most terrorist groups. Osama bin Laden cites the Sykes-Picot Agreement, which led to the carving up of the Ottoman Empire, as the beginning of Arab humiliation. He attacks the agreement for dividing the Muslim world into “fragments.” He rails against the presence of American troops on the soil of his native Saudi Arabia. The dark motivations of Islamic extremists mirror our own.

Roosevelt's Brain Trust vs. Obama's Brainiacs

truthout | Even if everyone is now using the Great Depression and the New Deal as benchmarks for what we're living through, Act I of the new script has already veered away from the original.

A suffocating political and intellectual provincialism has captured the new administration in embryo. Instead of embracing a sense of adventurousness, a readiness to break with the past so enthusiastically promoted during the campaign, Obama seems overcome with inhibitions and fears.

Practically without exception he has chosen to staff his government at its highest levels with refugees from the Clinton years. This is emphatically true in the realms of foreign and economic policy. It would, in fact, be hard to find an original idea among the new appointees being called to power in those realms - some way of looking at the American empire abroad or the structure of power and wealth at home that departs radically from views in circulation a decade or more ago. A team photo of Obama's key cabinet and other appointments at Treasury, Health and Human Services, Commerce, the President's Economic Recovery Advisory Board, the State Department, the Pentagon, the National Security Council, and in the U.S. Intelligence Community, not to speak of senior advisory posts around the President himself, could practically have been teleported from perhaps the year 1995.

Recycled Clintonism is recycled neo-liberalism. This is change only the brainiacs from Hyde Park and Harvard Square could believe in. Only the experts could get hot under the collar about the slight differences between "behavioral economics" (the latest academic fad that fascinates some high level Obama-ites) and straight-up neo-liberal deference to the market. And here's the sobering thing: despite the grotesque extremism of the Bush years, neo-liberalism also served as its ideological magnetic north.

Is this parochialism, this timorousness and lack of imagination, inevitable in a period like our own, when the unknown looms menacingly and one natural reaction is certainly to draw back, to find refuge in the familiar? Here, the New Deal years can be instructive.

Mumbai mayhem conspiracy

Pakistan Times | Former Inter Services Intelligence (ISI) ISI Chief General (Retd.) Hameed Gul has said that Mumbai incident is an international based conspiracy to deprive Pakistan of its atomic power. Taking to a private TV channel on Friday, he said that to involve Pakistan in the incident reflected that some forces wanted to declare Pakistan a failure state as somehow it had become necessary to make Pakistan knee down in order to snatch its atomic power away.

He said that the way militants entered into the hotels and executed their plan in extremist Hindus like Bal Thakrey and Narender Modi’s area it seemed impossible without internal support adding these people had grudge with Muslims and wanted to defame them all over the world.

He said that the militants were named as Dakan Mujahedeen and it was particularly ridicules when neither their demands were brought to surface nor their target was clear. He said that India is habitual to accuse Pakistan whenever any mishap takes place as in the case of Samjhota Express but it could not prove the allegations and in Maligaon incident Indian Col. Srikanth Proat was later found guilty.

He feared that India would deploy its army on the boarders, like 2002 when a bloody incident took place on December 13, 2001 out side Indian parliament, to curb Kashmiris’ freedom movement and deprive Pakistan of its atomic assets saying it would be in-competency of the government if India gets success in its plane.

To a question, he said that US wanted to see Indian army in Afghanistan to disintegrate the country as new maps used to publish form US showing divided Pakistan in different four parts. When asked, the blockage of water and make the country knee down before IMF was a part of pre-planned trick.-SANA

The Budgetary Implications of Drug Prohibition

(Full Report) December, 2008 Jeffrey A. Miron Department of Economics Harvard University

Executive Summary

• Government prohibition of drugs is the subject of ongoing debate.

• One issue in this debate is the effect of prohibition on government budgets. Prohibition entails direct enforcement costs and prevents taxation of drug production and sale.

• This report examines the budgetary implications of legalizing drugs.

• The report estimates that legalizing drugs would save roughly $44.1 billion per year in government expenditure on enforcement of prohibition. $30.3 billion of this savings would accrue to state and local governments, while $13.8 billion would accrue to the federal government. Approximately $12.9 billion of the savings would results from legalization of marijuana, $19.3 billion from legalization of cocaine and heroin, and $11.6 from legalization of other drugs.

• The report also estimates that drug legalization would yield tax revenue of $32.7 billion annually, assuming legal drugs are taxed at rates comparable to those on alcohol and tobacco. Approximately $6.7 of this revenue would result from legalization of marijuana, $22.5 billion from legalization of cocaine and heroin, and $3.5 from legalization of other drugs.

• Whether drug legalization is a desirable policy depends on many factors other than the budgetary impacts discussed here. Rational debate about drug policy should nevertheless consider these budgetary effects.

• The estimates provided here are not definitive estimates of the budgetary implications of a legalized regime for currently illegal drugs. The analysis employs assumptions that plausibly err on the conservative side, but substantial uncertainty remains about the magnitude of the budgetary impacts.

Does Mr. O Know?

Kunstler | This raises the issue of what Mr. Obama and his team really know about our energy predicament. The president-elect has made some noises -- recently on the 60 Minutes show -- that he understands something about the current price dislocations in the oil markets resulting from the larger financial turmoil. He alluded to the public's erroneous notion that current low-ish oil prices mean the oil problem is over. But does the incoming president know some of the following details?

For instance, does Mr. O know that global oil production appears to have peaked at around 85 million barrels a day, with poor prospects of ever getting beyond that? This single naked fact has broad ramifications, above all whether we can continue to think in terms of industrial "growth" as the benchmark for economic health. There are many interpretations of the current financial fiasco. Some of them are based on long-term technical wave theories. A more down-to-earth view suggests the shock of peak oil -- though it doesn't exclude wave theories.

Does Mr. O know that world oil discovery has fallen to insignificant levels after peaking long ago in the 1960s. Does he know we are finding no more super-giant oil fields on the scale of Arabia's Ghawar or Mexico's Cantarell, which have supplied most of the world's oil for the past forty years and are now running down? Does he know that you can't produce oil that hasn't been discovered? Does Mr. O know that virtually all the oil-producing nations have entered production decline. Surely someone has whispered in his ear about the IEA's projection that global oil production would fall 9.1 percent in the coming year.

Does Mr. O know that oil exports have been trending to decline at a steeper rate than oil depletion? That is, the exporting nations are losing their ability to send oil to the importers (like us) at a rate mathematically greater than the run-down in their production.They are using more of their own oil even while their production is going down. For example, Mexico is depleting overall at more than 9 percent a year (with the Cantarell field alone running down at more than 15 percent annually). Does he know Mexico's net exports are crashing? Mexico has been our number three leading source of imports. In a very few years they will not be able to send us any oil. A deluded American public has no idea that this is happening. Will Mr. O explain it to them?

The Famine Of 2009?

Daily Kos | Last week I received a very concerned call from South Dakota farmer and agronomist Bryan Lutter. "Neal, we're out of propane!" I figured this was personal distress – he and his family farm over three square miles of land and I know this has been a tough year for many people. He promptly corrected my misconception when I tried to console him. "No, everybody is out, all three grain elevators, we can't get fuel for the bins, and we're coming in real wet this year."

There are equally dramatic issues due to the bankruptcy of Verasun and the apparent insolvency of the nation's largest private crop insurance program. Payments that would have come in June or July of a normal year are still not dispersed at the end of November and this has grim implications for next year's crop.

I started digging into the details and unless I'm badly mistaken people are going to be starving in 2009 over causes and conditions being set down right now. It's a complex, interlocking issue, and I hope I've done a good job explaining it below the fold ...

Propane Shortage Hampers Drying...,

Grand Forks Herald | Farmers in eastern North Dakota and beyond are desperately trying to bring in the high-moisture corn crop in the region, but are running into a liquid propane fuel shortage. Mike Rud, executive director of the North Dakota Propane Gas Association, said the recent sudden resumption in the corn drying activity after freeze-up is causing demand to exceed supplies.

His association has reactivated requests to Gov. John Hoeven’s office, asking for a waiver that would allow truckers to work more than 11 hours in a day — as many as 15 hours or more — to deliver propane. But the problem is bigger than that.

“For the guy that’s trying to get corn dried and can’t get propane when he wants it, it’s a huge deal,” Astrup said. He said he’s been taking care of his own propane customers. Most farmers he has talked to have been reasonable, but some — those who might purchase fertilizer, chemical and refined fuels, but get their propane elsewhere — have not understood that they can’t get propane from him on the spur-of-the-moment.

Astrup said suppliers sometimes simply can’t keep up with demands for trucking, as they might use the same tractors to haul different trailers with petroleum products, anhydrous ammonia and liquid propane. “It could be their growers are using more than they thought they would.”

"Inflation" deflated

Automatic Earth | Thanks to a credit boom that dates back to at least the early 1980s, and which accelerated rapidly after the millennium, the vast majority of the effective money supply is credit. A credit boom can mimic currency inflation in important ways, as credit acts as a money equivalent during the expansion phase. There are, however, important differences. Whereas currency inflation divides the real wealth pie into smaller and smaller pieces, devaluing each one in a form of forced loss sharing, credit expansion creates multiple and mutually exclusive claims to the same pieces of pie. This generates the appearance of a substantial increase in real wealth through leverage, but is an illusion. The apparent wealth is virtual, and once expansion morphs into contraction, the excess claims are rapidly extinguished in a chaotic real wealth grab. It is this prospect that we are currently facing today, as credit destruction is already well underway, and the destruction of credit is hugely deflationary. As money is the lubricant in the economic engine, a shortage will cause that engine to seize up, as happened in the 1930s. An important point to remember is that demand is not what people want, it is what they are ready, willing and able to pay for. The fall in aggregate demand that characterizes a depression reflects a lack of purchasing power, not a lack of want. With very little money and no access to credit, people can starve amid plenty.

Attempts by governments and central bankers to reinflate the money supply are doomed to fail as debt monetization cannot keep pace with credit destruction, and liquidity injected into the system is being hoarded by nervous banks rather than being used to initiate new lending, as was the stated intent of the various bailout schemes. Bailouts only ever benefit a few insiders. Available credit is already being squeezed across the board, although we are still far closer to the beginning of the contraction than the end of it. Further attempts at reinflation may eventually cause a crisis of confidence among international lenders, which could lead to a serious dislocation in the treasury bond market at some point.

Credit Crunch's Impact on the Energy Industries

Oil Drum | I recently looked through news articles to see which energy sectors were being affected by the credit crisis. I was amazed at how widespread and how devastating the impact is.

There are really two closely related problems. One is reduced access to credit, making new borrowing difficult for nearly every business that requires debt. Prices for all commodities have been dropping as well. At least part of the reason for this price decline is the lack of availability of credit—many of the less credit-worth buyers drop out of the market. This leaves fewer buyers and almost the same number of sellers, so the price drops.

In this post, I examine how reduced access to credit and the concomitant decline in commodity prices is affecting energy companies. The impact I am seeing across a wide range of energy companies is a decline in new investment and a stretched-out timeframe for new projects. In addition, many of the weaker companies in the energy supply chain are likely to be forced out of business by the credit crisis.

When energy production is viewed for all companies combined, the below analysis suggests the credit crisis will cause the production of virtually all fuels to be in decline, relative to what they otherwise would have been. I expect production of oil will decline (in absolute terms, not just relative terms) in the years ahead. Since oil production was already on a plateau, this decline is expected to bring about "peak oil". Because of long lead times, uranium production seems likely to fall short of what is needed by nuclear power plants, within the next few years.

The long-term implications of declines in energy production are very serious. Research shows that standards of living are closely tied to energy consumption. With less energy available, standards of living are likely to decline.

Making sure your home is not an energy sink - III

Science Alert | This time, we’ll look at space heating. In Melbourne you need it, if you don’t want to be the bad guy who goes around telling everybody to put on jumpers instead of heating the house. Our house is heated by gas, and occasionally by a wood fire. Space heating, as you can imagine, is one of the big energy users and also a big CO2 producer.

In the pre-green ‘business as usual’ scenario, the central heating accounted for about one-quarter of our home’s CO2 production. We were using around 55 000 MJ (megajoules) per year.

Gas is sold in MJ, electricity in kWh (kilowatthours). Both MJ and kWh are units of energy. You can convert MJ to tonnes of CO2 produced by dividing MJ by 16 000. Our central heating unit was producing (55 000/16 000) 3.4 tonnes of CO2 a year. It was an older type with a pilot light which, I discovered, was using more gas than the cooktop! We replaced the unit with a 5-star model with electronic ignition. At the same time we added insulation to the ceiling. The combined effect is that we are now using about 39 000 MJ per year – a saving of 1 tonne of CO2 per year.

After the various energy modifications we made (Figure 1), we are producing about one-quarter of the CO2 that we produced under the ‘business as usual’ scenario. Overall, the result is quite satisfying.

Our journey
In the first part of this series, I talked about how much energy various domestic appliances use and how we could reduce it. Some surprises included:

* A normal hot shower uses the energy equivalent of 240 light bulbs.
* Leaving a light on every night for a year uses as much energy as driving from Melbourne to Sydney.
* Electrically boosted solar water heating can be worse than gas.
* Fluorescent lights are not necessarily low energy.
* Leaving fluorescent lights on does not save energy.
* Low-voltage downlights use a lot of energy.

After giving you the bad news on the energy consumed by domestic fittings and appliances, we saw how we could do a lot better, by making the right choices and spending a bit of money. By using a combination of tactics, our household managed to get its CO2 emissions down to one-quarter of its ‘business as usual’ scenario.

Making sure your home is not an energy sink - II

Science Alert | In the first part, I mentioned how some appliances use a considerable amount of energy when not in use. For example, my son recently installed a 5-star split-system air-conditioner. It draws 10 watts on standby.

If we do the calculations, 10 W (watts) for 24 hours a day, 365 days a year comes to 88 kWh (kilowatt hours) per year.

Now let’s work out its likely usage when operating. Say we have 20 hot days a year when the system is running flat out for 8 hours. Let’s conservatively assume that running flat out, it draws 550 watts. The sum of 550 watts for 8 hours for 20 days comes to 88 kWh per year.

This 5-star-rated appliance uses as much energy on standby as doing its job. Systems like this should be installed with a switch so they can be turned off completely for most of the year.

One last point. I have only considered domestic hot water, lighting, cooking and domestic appliances. I have not mentioned space heating, transport, holidays, the workplace and the energy in all the goods and services we buy.

That comes in the next exciting episode!

Making sure your home is not an energy sink - I

Science Alert | It makes no sense to turn off a light when you leave a room in which an electric heater has been left on. The power used by the light is 100 watts (W), while a heater typically draws 2000 W.

How big a yardstick is 100 W? Let’s assume that we leave a 100 W light globe on every night for six hours, which adds up to 2200 hours a year.

To calculate the energy used – measured in watthours – over the year, we simply multiply the hours by watts, which in this case is 220 000 watt-hours (Wh). As we know, ‘kilo’ means ‘thousand’, so a more manageable way of expressing this figure is 220 kilowatt-hours (kWh).

To most people, including me, a number like 220 kWh doesn’t mean much, so let’s convert it into something familiar – say litres of petrol – as an energy equivalent.

The best efficiency that can be achieved by burning brown coal to generate electricity is 25 per cent. This means four times the energy that comes through your electricity meter or power point is required to produce the energy you use in your home.

Taking the above example: 4 x 220 kWh, or 880 kWh, is required to produce that amount of electricity. If we go a step further, a litre of petrol contains about 10 kWh of energy. Thus, the 880 kWh equates to 88 litres – enough for the average car to drive 880 km, or from Melbourne to Sydney. That’s just to run one light globe each night for a year!

new mortgage crisis looms

Associated Press | Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market.

Hotels in Tucson, Ariz., and Hilton Head, S.C., also are about to default on their mortgages.

That pace is expected to quicken. The number of late payments and defaults will double, if not triple, by the end of next year, according to analysts from Fitch Ratings Ltd., which evaluates companies' credit.

"We're probably in the first inning of the commercial mortgage problem," said Scott Tross, a real estate lawyer with Herrick Feinstein in New Jersey.

That's bad news for more than just property owners. When businesses go dark, employees lose jobs. Towns lose tax revenue. School budgets and social services feel the pinch.

Companies have survived plenty of downturns, but economists see this one playing out like never before. In the past, when businesses hit rough patches, owners negotiated with banks or refinanced their loans.

But many banks no longer hold the loans they made. Over the past decade, banks have increasingly bundled mortgages and sold them to investors. Pension funds, insurance companies, and hedge funds bought the seemingly safe securities and are now bracing for losses that could ripple through the financial system.

"It's a toxic drug and nobody knows how bad it's going to be," said Paul Miller, an analyst with Friedman, Billings, Ramsey, who was among the first to sound alarm bells in the residential market.

The Peak Oil Crisis: Electrical Efficiency

FCNP | Last week the Virginia Commission on Energy and the Environment held a day long meeting to hear testimony on the future role of electricity in the commonwealth.

Representatives of the various power companies serving the state testified as to their plans and their commitment to reaching the state's goal of reducing electricity consumption by 10 percent by 2022. As it turns out, this goal turns out to be murky as nobody ever said what the 10 percent should be based on - 10 percent of current consumption so that the state is actually using 10 percent less 14 years from now, or 10 percent less than what 2022 consumption would be if no efforts to conserve electricity were undertaken. In the latter case the state could actually be burning considerably more electricity in 2022 as the state's population is expected to grow and it is likely that a lot of electric or plug-in hybrid cars will be refueling off the electric grid by then.

The most interesting presentation of the day, however, was made by a non-profit group called the American Council for an Energy Efficient Economy (ACEEE). This group believes that making the most efficient use of the electricity we already generate is the best and cheapest way to gain more electricity. While converting over to more efficient electricity consuming devices (such as compact fluorescent bulbs) is not free, the Council cites studies that replacing end user equipment, adding insulation, etc. can cost anywhere from one half to one quarter the cost of installing and fueling new electricity generating capacity. This includes wind generated electricity which gets its energy for free.

The Problem with Powerdown Planning

Archdruid Report |There are two widely held beliefs these days about how we can deal with the end of the age of petroleum. The first claims that we simply need to find another energy source as cheap, abundant, and concentrated as petroleum, and run our society on that instead. The second claims that we simply need to replace those parts of our society that depend on cheap, abundant, concentrated energy with others that lack that dependence, and run our society with them instead. Most people in the peak oil scene, I think, have caught onto the problem with the first belief: there is no other energy source available to us that is as cheap, abundant, and concentrated as petroleum; the fact that we want one does not oblige the universe to provide us with one, and so we might as well plan to power our society by harnessing unicorns to treadmills.

The problem with the second belief is of the same order, but it’s much less widely recognized. Toss aside the parts of our society that depend on cheap, abundant, concentrated energy, and there’s nothing left. Nor are the components needed for a new low-energy society sitting on a shelf somewhere, waiting to be used; we’ve got some things that worked tolerably well in simpler agrarian societies, and some promising new developments that have been tested on a very small scale and seem to work so far, but we have nothing like a complete kit. Thus we can’t simply swap out a few parts and keep going; everything has to change, and we have no way of knowing in advance what changes will be required.

This last point is often missed. One of the people who commented on last week’s post, a software designer by trade, pointed out that he starts work on a project by envisioning what the new software is going to do, and then figures out a way to do it; he argued that it makes just as much sense to do the same thing with human society. A software designer, though, knows the capabilities of the computers, operating systems, and computer languages his programs will use; he also knows how similar tasks have been done by other designers in the past. We don’t have any of those advantages in trying to envision a sustainable future society.

Rather, we’re in the position of a hapless engineer tasked in 1947 with drafting a plan to develop word processing software. At that time, nobody knew whether digital or analog computers were the wave of the future; the handful of experimental computer prototypes that existed then used relays, mechanical linkages, vacuum tubes, and other soon-to-be-outmoded technologies, while the devices that would actually make it possible to build computers that could handle word processing had not yet been invented, or even imagined. Under those conditions, the only plan that would have yielded any results would consist of a single sentence: “Invest heavily in basic research, and see what you can do with the results.” Any other plan would have been wasted breath, and the more detailed the plan, the more useless it would have been.

Enough of 'Barbiturate' Left Cynicism

AlterNet | What the 60s freedom struggle took for granted, but which the cynical barbiturate left refuses to concede, is the basic goodness of the people of this nation, and the ability of the nation, for all of its faults (and they are legion) to change. Look at pictures of the freedom riders in 1961, or the volunteers during Freedom Summer of 1964 and notice the dramatic difference between them and some of the seething radicals of today -- whose radicalism is almost entirely about style and image more than actual analysis and movement building. In the case of the former, even as they stared down mobs intent on injuring or killing them, and even as they knew they might be murdered, they smiled, they laughed, they sang, they found joy. In the case of the latter, one most often notices an almost permanent scowl, a dour and depressing affect devoid of happiness, unable to appreciate life until the state is smashed altogether and everyone is subsisting on a diet of wheatgrass, bean curd and tempeh.

Hell, maybe I'm just missing the strategic value of calling people "useful idiots," or likening them to members of a cult, the way some leftists have done recently with regard to Obama supporters. Or maybe it's just that being a father, I have to temper my contempt for this system and its managers with hope. After all, as a dad (for me at least), it's hard to look at my children every day and think, "Gee, it sucks that the world is so screwed up, and will probably end in a few years from resource exploitation...Oh well, I sure hope my daughters have a great day at school!"

Fatherhood hasn't made me any less radical in my analysis or desire to see change. In fact, if anything, it has made me more so. I am as angry now as I've ever been about injustice, because I can see how it affects these children I helped to create, and for whom I am now responsible. But anger and cynicism do not make good dance partners. Anger without hope, without a certain faith in the capacity of we the people to change our world is a sickness unto death. It is consuming, like a flesh-eating disease, and whose first victim is human compassion. While I would never counsel too much confidence in far-right types to join the struggle for justice -- and there, I think skepticism is well-warranted -- if we can't conjure at least a little optimism for the ability of liberals and Democrats to come along for the ride and to do the work, then what is the point? Under such a weighty and pessimistic load as this, life simply becomes unbearable. And if there is one thing we cannot afford to do now -- especially now -- it is to give up the will to live and to fight, another day.

Seven self-sabotaging 'growth' scenarios

Market Watch | What is next? If the "Great Depression 2" scenario plays out, what's after 2011? Recovery? A new bull? How can you protect your money? Or are we all helpless victims of the raging winds of fate and Wall Street's self-serving brand of capitalism.

Let's review several scenarios in the bright lens of Akira Kurosawa's classic 1950 film, "Rashomon," at once an ancient Kabuki morality play, a tense modern courtroom drama, and a revealing documentary on human psychology. In "Rashomon" we witness the murder of a Samurai warrior and a rape through the eyes of several witnesses, each swearing they saw what "really happened."

We "see" these tragedies in a forest through the eyes of a Woodcutter, Priest, Samurai's Wife, the accused Bandit, and the Samurai, speaking through a Medium. But as "the facts" unfold, the lies and contractions of biased minds are exposed and the truth becomes increasingly blurred. In the end, we are still wondering: What really happened?

Similarly, today we're asking; "What really happened to America, so fast?" With Bush, Paulson, Bernanke and their Reaganomics ideology? To my 401(k), my CDs, my kid's college fund, my retirement nest egg. To the great American dream? What happened?

The Neo-Yeltsin Administration?

CounterPunch | Reality had to raise its ugly head. Barack Obama was elected with overwhelming approval to inaugurate an era of change. And at his November 25 press conference, he said that his decisive victory gave him a mandate to change the direction in which America is moving. But his recent economic and foreign policy appointments make it clear that when he chose “change” as his campaign slogan, he was NOT referring to the financial, insurance and real estate (FIRE) sectors, nor to foreign policy. These are where the vested interests concentrate their wealth and power. And change already has been accelerating here. Unfortunately, its direction has been for the top 1% of America’s population to raise their share of in the returns to wealth from 37% ten years ago to 57% five years ago and an estimated nearly 70% today.

The change that Mr. Obama is talking about is largely marginal to this wealth, not touching its economic substance – or its direction. No doubt he will bring about a welcome change in race relations, environmental regulations, and a more civil rule of law. And he probably will give wage earners an income-tax break (thereby enabling them to keep on paying their bank debts, incidentally). As for the rich, they prefer not to earn income in the first place. Taxes need to be paid on income, so they take their returns in the form of capital gains. And simply avoiding losses is the order of the day in the present meltdown.

Where losses cannot be avoided, the government will bail out the rich on their financial investments, but not wage earners on their debts. On that Friday night last October when Mr. Obama and Mr. McCain held their final debate, Mr. Obama was fully on board with the bailouts. And this week’s appointment of the “Yeltsin” team who sponsored Russia’s privatization giveaways in the mid-1990s – Larry Summers and his protégés from the Clinton’s notorious Robert Rubin regime – shows that he knows his place when it comes to the proper relationship between a political candidate and his major backers. It is to protect the vested interests first of all, while focusing voters’ attention on policies whose main appeal is their ability to distract attention from the fact that no real change is being made at the economic core and its power relationships.

a frenzy over free food

Denver Post | Want one more palpable sign of a desperate economy?

An estimated 40,000 people came to a Weld County farm Saturday to collect free potatoes, carrots and leeks.

Cars snaked around cornfields and parallel parked along Colorado 66 and 119 early in the morning to get free food from the Miller family, who farm 600 acres outside of Platteville, about 37 miles north of Denver.

As this prolonged Indian summer continued, the Millers had decided to give away produce because so much was left over at the end of their annual fall festival. Any day now, a few deep freezes would kill it off.

They expected between 5,000 and 10,000 people spread out over a couple of days. Instead, they found themselves on Saturday morning inundated with cars and people with sacks and wagons and barrels ready to harvest whatever was available.

The Millers canceled the second day of the giveaway originally planned for today because, as Chris Miller put it, "the pickins' are very slim now."

At one point, 30 acres of family farmland had become a parking lot. Their crowd estimate of 40,000 plus was based on the number of cars. Sheriff's officials said they "wouldn't be surprised" if that count was accurate.

Traffic was backed up almost to Interstate 25, and police ticketed people who had illegally abandoned their cars in the frenzy.

"Overwhelmed is putting it mildly," Miller said. "People obviously need food."