The survey tracked families who had some issues with finding enough food, dubbed "food insecure," and those deemed "very very food insecure," who lacked basic nutrition at some point during the year. The latter category includes some 6.8 million households nationwide in which adults skipped meals, couldn't afford balanced meals, and worried about having enough money to buy food several months out of the year.
In all, the "food insecure" represented 5.7 percent of American households. It's not much of a change compared with 2010, but it's 2 percent more—thousands of people more—since 1998.
slate | President Obama will deliver his DNC speech from the relatively cosy confines of the Time Warner Cable Arena on Thursday, and not from the 70,000-plus seat Bank of America Stadium.
NBC News was the first to report the change: "Democrats are moving their convention indoors for Obama's speech Thursday night due to weather," the network tweeted moments ago. The change in venue has since been confirmed by multiple other news outlets.
DNC officials had maintained all week that Obama's speech would go on as planned at the stadium that plays host to the NFL's Carolina Panthers unless there was a severe weather event that forced them to change their plans.
Some observers had wondered aloud, however, whether Democrats would be able to pack the house in time for the president's prime-time speech, or if they'd be left watching their candidate address a crowd checkered with empty seats. While that will no longer be a fear for organizers, they nonetheless now face the likelihood that Republicans will argue that the move was more about political optics than crowd safety.
Thank you! I'm Elizabeth Warren, and this is my first Democratic Convention. Never thought I'd run for senate. And I sure never dreamed that I'd get to be the warm-up act for President Bill Clinton—an amazing man, who had the good sense to marry one of the coolest women on the planet. I want to give a special shout out to the Massachusetts delegation. I'm counting on you to help me win and to help President Obama win.
I'm here tonight to talk about hard-working people: people who get up early, stay up late, cook dinner and help out with homework; people who can be counted on to help their kids, their parents, their neighbors, and the lady down the street whose car broke down; people who work their hearts out but are up against a hard truth—the game is rigged against them.
It wasn't always this way. Like a lot of you, I grew up in a family on the ragged edge of the middle class. My daddy sold carpeting and ended up as a maintenance man. After he had a heart attack, my mom worked the phones at Sears so we could hang on to our house. My three brothers all served in the military. One was career. The second worked a good union job in construction. The third started a small business.
Me, I was waiting tables at 13 and married at 19. I graduated from public schools and taught elementary school. I have a wonderful husband, two great children, and three beautiful grandchildren. And I'm grateful, down to my toes, for every opportunity that America gave me. This is a great country. I grew up in an America that invested in its kids and built a strong middle class; that allowed millions of children to rise from poverty and establish secure lives. An America that created Social Security and Medicare so that seniors could live with dignity; an America in which each generation built something solid so that the next generation could build something better.
But for many years now, our middle class has been chipped, squeezed, and hammered. Talk to the construction worker I met from Malden, Massachusetts, who went nine months without finding work. Talk to the head of a manufacturing company in Franklin trying to protect jobs but worried about rising costs. Talk to the student in Worcester who worked hard to finish his college degree, and now he's drowning in debt. Their fight is my fight, and it's Barack Obama's fight too.
People feel like the system is rigged against them. And here's the painful part: they're right. The system is rigged. Look around. Oil companies guzzle down billions in subsidies. Billionaires pay lower tax rates than their secretaries. Wall Street CEOs—the same ones who wrecked our economy and destroyed millions of jobs—still strut around Congress, no shame, demanding favors, and acting like we should thank them.
Anyone here have a problem with that? Well I do. I talk to small business owners all across Massachusetts.
Not one of them—not one—made big bucks from the risky Wall Street bets that brought down our economy. I talk to nurses and programmers, salespeople and firefighters—people who bust their tails every day. Not one of them—not one—stashes their money in the Cayman Islands to avoid paying their fair share of taxes.
These folks don't resent that someone else makes more money. We're Americans. We celebrate success. We just don't want the game to be rigged. We've fought to level the playing field before. About a century ago, when corrosive greed threatened our economy and our way of life, the American people came together under the leadership of Teddy Roosevelt and other progressives, to bring our nation back from the brink.
We started to take children out of factories and put them in schools. We began to give meaning to the words "consumer protection" by making our food and medicine safe. And we gave the little guys a better chance to compete by preventing the big guys from rigging the markets. We turned adversity into progress because that's what we do.
Americans are fighters. We are tough, resourceful and creative. If we have the chance to fight on a level playing field—where everyone pays a fair share and everyone has a real shot—then no one can stop us. President Obama gets it because he's spent his life fighting for the middle class. And now he's fighting to level that playing field—because we know that the economy doesn't grow from the top down, but from the middle class out and the bottom up. That's how we create jobs and reduce the debt.
And Mitt Romney? He wants to give tax cuts to millionaires and billionaires. But for middle-class families who are hanging on by their fingernails? His plans will hammer them with a new tax hike of up to 2,000 dollars. Mitt Romney wants to give billions in breaks to big corporations—but he and Paul Ryan would pulverize financial reform, voucher-ize Medicare, and vaporize Obamacare.
The Republican vision is clear: "I've got mine, the rest of you are on your own." Republicans say they don't believe in government. Sure they do. They believe in government to help themselves and their powerful friends. After all, Mitt Romney's the guy who said corporations are people.
No, Governor Romney, corporations are not people. People have hearts, they have kids, they get jobs, they get sick, they cry, they dance. They live, they love, and they die. And that matters. That matters because we don't run this country for corporations, we run it for people. And that's why we need Barack Obama.
After the financial crisis, President Obama knew that we had to clean up Wall Street. For years, families had been tricked by credit cards, fooled by student loans and cheated on mortgages. I had an idea for a consumer financial protection agency to stop the rip-offs. The big banks sure didn't like it, and they marshaled one of the biggest lobbying forces on earth to destroy the agency before it ever saw the light of day. American families didn't have an army of lobbyists on our side, but what we had was a president—President Obama leading the way. And when the lobbyists were closing in for the kill, Barack Obama squared his shoulders, planted his feet, and stood firm. And that's how we won.
By the way, just a few weeks ago, that little agency caught one of the biggest credit card companies cheating its customers and made it give people back every penny it took, plus millions of dollars in fines. That's what happens when you have a president on the side of the middle class.
President Obama believes in a level playing field. He believes in a country where nobody gets a free ride or a golden parachute. A country where anyone who has a great idea and rolls up their sleeves has a chance to build a business, and anyone who works hard can build some security and raise a family. President Obama believes in a country where billionaires pay their taxes just like their secretaries do, and—I can't believe I have to say this in 2012—a country where women get equal pay for equal work.
He believes in a country where everyone is held accountable. Where no one can steal your purse on Main Street or your pension on Wall Street. President Obama believes in a country where we invest in education, in roads and bridges, in science, and in the future, so we can create new opportunities, so the next kid can make it big, and the kid after that, and the kid after that. That's what president Obama believes. And that's how we build the economy of the future. An economy with more jobs and less debt. We root it in fairness. We grow it with opportunity. And we build it together.
I grew up in the Methodist Church and taught Sunday school. One of my favorite passages of scripture is: "Inasmuch as ye have done it unto one of the least of these my brethren, ye have done it unto me." Matthew 25:40. The passage teaches about God in each of us, that we are bound to each other and called to act. Not to sit, not to wait, but to act—all of us together.
Senator Kennedy understood that call. Four years ago, he addressed our convention for the last time. He said, "We have never lost our belief that we are all called to a better country and a newer world." Generation after generation, Americans have answered that call. And now we are called again. We are called to restore opportunity for every American. We are called to give America's working families a fighting chance. We are called to build something solid so the next generation can build something better.
So let me ask you—let me ask you, America: are you ready to answer this call? Are you ready to fight for good jobs and a strong middle class? Are you ready to work for a level playing field? Are you ready to prove to another generation of Americans that we can build a better country and a newer world?
Joe Biden is ready. Barack Obama is ready. I'm ready. You're ready. America's ready. Thank you! And God bless America!
RollingStone | Debt, debt, debt. If the Republican Party had a James Carville, this is what he would have said to win Mitt over, in whatever late-night war room session led to the Ryan pick: "It's the debt, stupid." This is the way to defeat Barack Obama: to recast the race as a jeremiad against debt, something just about everybody who's ever gotten a bill in the mail hates on a primal level.
Last May, in a much-touted speech in Iowa, Romney used language that was literally inflammatory to describe America's federal borrowing. "A prairie fire of debt is sweeping across Iowa and our nation," he declared. "Every day we fail to act, that fire gets closer to the homes and children we love." Our collective debt is no ordinary problem: According to Mitt, it's going to burn our children alive.
And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a "turnaround specialist," a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don't know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.
By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions – placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a brilliant comedy: A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place. That same man then runs for president riding an image of children roasting on flames of debt, choosing as his running mate perhaps the only politician in America more pompous and self-righteous on the subject of the evils of borrowed money than the candidate himself. If Romney pulls off this whopper, you'll have to tip your hat to him: No one in history has ever successfully run for president riding this big of a lie. It's almost enough to make you think he really is qualified for the White House.
The unlikeliness of Romney's gambit isn't simply a reflection of his own artlessly unapologetic mindset – it stands as an emblem for the resiliency of the entire sociopathic Wall Street set he represents. Four years ago, the Mitt Romneys of the world nearly destroyed the global economy with their greed, shortsightedness and – most notably – wildly irresponsible use of debt in pursuit of personal profit. The sight was so disgusting that people everywhere were ready to drop an H-bomb on Lower Manhattan and bayonet the survivors. But today that same insane greed ethos, that same belief in the lunatic pursuit of instant borrowed millions – it's dusted itself off, it's had a shave and a shoeshine, and it's back out there running for president.
Mitt Romney, it turns out, is the perfect frontman for Wall Street's greed revolution. He's not a two-bit, shifty-eyed huckster like Lloyd Blankfein. He's not a sighing, eye-rolling, arrogant jerkwad like Jamie Dimon. But Mitt believes the same things those guys believe: He's been right with them on the front lines of the financialization revolution, a decades-long campaign in which the old, simple, let's-make-stuff-and-sell-it manufacturing economy was replaced with a new, highly complex, let's-take-stuff-and-trash-it financial economy. Instead of cars and airplanes, we built swaps, CDOs and other toxic financial products. Instead of building new companies from the ground up, we took out massive bank loans and used them to acquire existing firms, liquidating every asset in sight and leaving the target companies holding the note. The new borrow-and-conquer economy was morally sanctified by an almost religious faith in the grossly euphemistic concept of "creative destruction," and amounted to a total abdication of collective responsibility by America's rich, whose new thing was making assloads of money in ever-shorter campaigns of economic conquest, sending the proceeds offshore, and shrugging as the great towns and factories their parents and grandparents built were shuttered and boarded up, crushed by a true prairie fire of debt.
Mitt Romney – a man whose own father built cars and nurtured communities, and was one of the old-school industrial anachronisms pushed aside by the new generation's wealth grab – has emerged now to sell this make-nothing, take-everything, screw-everyone ethos to the world. He's Gordon Gekko, but a new and improved version, with better PR – and a bigger goal. A takeover artist all his life, Romney is now trying to take over America itself. And if his own history is any guide, we'll all end up paying for the acquisition.
RollingStone | So our new magazine piece, Greed and Debt, about Mitt Romney's past with Bain and the use of debt to finance takeovers, is online, and already I'm getting some questions that I am anxious to answer. There's a subtle point about the private equity business that I may not have made clear enough in the piece.
One emailer writes: "You've completely misunderstood what private equity does and ignored the many success stories in the industry. There is a reason why many of PE's biggest investors are unions and pension funds . . . who have benefitted more than once from private equity deals."
This is a valid point. It is true, many of the biggest investors in private equity deals are pension funds and workers' unions. I think this is unfortunate, and I know for a fact that many union leaders discourage unions from investing in private equity takeovers. But it's an undeniable fact that unions and pension funds do sometimes make money on private equity deals.
But what people need to understand about private equity firms like Bain is that they are not in the business of turning around companies and creating jobs. The unions and pension funds that invested in those deals did not do so to rescue companies.
If you invest in a Bain or a Carlyle or a KKR takeover deal, you’re not betting on the future success of whatever company they took over. You're betting on the ability of those firms to make money on the deal, which may – or, just as importantly, may not – involve turning the target company around.
If you borrow billions to buy Dunkin' Donuts and the firm flourishes post-takeover, that's one way for investors to get paid. But another way is getting Dunkin' to take out a $1.25 billion bank loan to hand its investors $500 million in tribute payments.
It's hard to imagine anything that's dumber, from the standpoint of trying to grow a business, than taking out a billion-dollar loan to pay a dividend – one buddy of mine on Wall Street used the word "retarded" – but for a private equity firm and its investors, that might very well be a smart way to get your investors paid.
This is really the point of the piece. The interests of PE firms and their investors do not coincide with the companies that have been taken over, not in the way that Romney and his adherents would have you believe. In fact, they're often at cross-purposes. You invest in a PE deal to make money – not to grow businesses. And not to create jobs.
Again, that's not to say leveraged buyout deals don't work for investors. They frequently do. But such deals are designed for the benefit of the investor – not for the takeover target. It's two different sets of interests that have been mistakenly portrayed, in the press, as being aligned.
holoscience | Most people are unaware that we have no understanding of how lightning is created in clouds. The simplest answer is that lightning is not generated there at all. Clouds merely form a convenient path to Earth for electricity originating in space. Without clouds it is possible to have a “bolt from the blue”. That is happening on Venus (although the sky certainly isn’t blue). Weather systems are driven primarily by external electrical influences.
Consequently the Sun has weather patterns. And the most distant planet, Neptune, has the most violent winds in the solar system though it receives very little energy from the Sun. Electric discharges from space cause Mars’ huge dust devils and planet-wide dust storms. They are responsible for Jupiter’s Great Red Spot and the “spokes” in Saturn’s rings. It is why Venus has lightning in its smog-like clouds and its mountain-tops glow with St. Elmo’s fire. It is why the Earth has lightning stretching into space in the form of “red sprites” and “blue jets”, and why tethered satellites “blow a fuse”.
However, nobody is trained to consider electrical energy input to weather systems.
The image above is a NASA artist’s view of lightning on Venus during the descent of one of the Pioneer probes. Venus has smog-like clouds that are not expected to generate lightning and yet the planet suffers intense lightning. This argues against the popular notion of what causes lightning.
thescientist | The atmosphere is replete with aerosols made up of organic molecules, which are necessary for clouds to form, as well as for rain and other forms of precipitation to fall. However, how these organic aerosols form has largely remained a mystery to atmospheric scientists. Now, a new study published in Science this week (August 30) shows that salt compounds released by plants and fungi hover above the Amazon Rainforest, where the may exert a significant impact on the region’s weather by contributing to s aerosols to the atmosphere and serving as seeds for cloud and rain formation.
An international team of researchers led by biogeochemist Meinrat Andreae of the Max Planck Institute for Chemistry in Germany found the particles by climbing up a 262-foot tower and collecting air samples, PhysOrg reported. The main source of these particles, which are rich in potassium, is likely fungal spores, which have a gel coating that make it easy for water molecules to latch on, although plants had been previously shown to efficiently release salts into the air.
“Our findings support the hypothesis that the Amazonian rainforest ecosystem can be regarded as a biogeochemical reactor in which the formation of clouds and precipitation in the atmosphere are triggered by particles emitted from the biosphere,” the authors wrote in the Science paper.
pewsocialtrends | As the 2012 presidential candidates prepare their closing arguments to America’s middle class, they are courting a group that has endured a lost decade for economic well-being. Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future.
These stark assessments are based on findings from a new nationally representative Pew Research Center survey that includes 1,287 adults who describe themselves as middle class, supplemented by the Center’s analysis of data from the U.S. Census Bureau and Federal Reserve Board of Governors.
Fully 85% of self-described middle-class adults say it is more difficult now than it was a decade ago for middle-class people to maintain their standard of living. Of those who feel this way, 62% say “a lot” of the blame lies with Congress, while 54% say the same about banks and financial institutions, 47% about large corporations, 44% about the Bush administration, 39% about foreign competition and 34% about the Obama administration. Just 8% blame the middle class itself a lot.
Their downbeat take on their economic situation comes at the end of a decade in which, for the first time since the end of World War II, mean family incomes declined for Americans in all income tiers. But the middle-income tier—defined in this Pew Research analysis as all adults whose annual household income is two-thirds to double the national
median 1 —is the only one that also shrunk in size, a trend that has continued over the past four decades.
NYTimes | Can we be sure that our beliefs about the world match how the world actually is and that our subjective preferences match what is objectively in our best interest? If the truth is important to us these are pressing questions.
We might value the truth for different reasons: because we want to live a life that is good and doesn’t just appear so; because we take knowing the truth to be an important component of the good life; because we consider living by the truth a moral obligation independent of any consequences; or because, like my Egyptian friends, we want to come closer to God who is the Truth (al-Haqq in Arabic, one of God’s names in Islam). Of course we wouldn’t hold our beliefs and values if we weren’t convinced that they are true. But that’s no evidence that they are. Weren’t my Egyptian friends just as convinced of their views as I was of mine? More generally: don’t we find a bewildering diversity of beliefs and values, all held with great conviction, across different times and cultures? If considerations such as these lead you to concede that your present convictions could be false, then you are a fallibilist. And if you are a fallibilist you can see why valuing the truth and valuing a culture of debate are related: because you will want to critically examine your beliefs and values, for which a culture of debate offers an excellent setting.
Of course we don’t need to travel all the way to Cairo to subject our beliefs and values to critical scrutiny; in theory we can also do so on our own. In practice, however, we seem to need some sort of unsettling experience that confronts us with our fallibility, or, as the great Muslim thinker al-Ghazâlî (d. 1111) puts it in his intellectual autobiography “The Deliverance from Error,” that breaks the “bonds of taqlîd” — the beliefs and values stemming from the contingent circumstances of our socialization rather than from rational deliberation.
In his own case, al-Ghazâlî writes, the bonds of taqlîd broke when he realized that he would have been just as fervent a Jew or Christian as he was a Muslim, had he been brought up in a Jewish or Christian community. He explains taqlîd as the authority of “parents and teachers,” which we can restate more generally as all things other than rational argument that influence what we think and do: from media, fashion and marketing to political rhetoric and religious ideology. Related More From The Stone
Read previous contributions to this series.
The problem of taqlîd (or what social psychologists today call “conformism”) has a long history. Socrates explained the need for his gadfly mission by comparing Athenian citizens to a “sluggish” horse that “needed to be stirred up.” Note that philosophers, too, fall prey to taqlîd. Galen, the second century Alexandrian doctor and philosopher, complained that in his time Platonists, Aristotelians, Stoics and Epicureans simply “name themselves after the sect in which they were brought up” because they “form admirations” for the school founders, not because they choose the views supported by the best arguments.
If we take taqlîd to be a fact about human psychology and agree that it is an undesirable state to be in — at least when it comes to the core convictions that underlie our way of life and worldview — then we should particularly welcome debates across cultural boundaries. For if we engage someone who does not share the cultural narratives we were brought up in (historical, political, religious etc.), we cannot rely on their authority, but are compelled to argue for our views — as I had to in my discussions with Egyptian students in Cairo.
slate | Rev. Sun Myung Moon, the controversial founder of the Unification Church, died Monday in South Korea, two weeks after he was hospitalized with pneumonia, a church spokesman tells the Associated Press. He was 92.
Rand | In November 2012, voters in multiple states will be asked to consider propositions concerning decriminalization and legalization of marijuana for commercial production and sale for general—not just medical—purposes. Medical marijuana and decriminalization are familiar concepts, albeit widely misunderstood by the public. Legalization of commercial sale and production, on the other hand, would constitute a revolution, one about which public opinion couldn't be more evenly divided. The latest Gallup poll reports that exactly half of Americans favor legalization, with indications of stronger support in states voting on it this year.
This briefing will examine
why the evidence on medical marijuana is inconclusive
what makes legalization so dramatically different from mere decriminalization
the possible consequences of a state legalizing marijuana for non-medical purposes, both for that state and spill-over effects on other states
important differences between the particular legalization measures that are on the ballot this year in Colorado and Washington
options and limits for federal response to state-level legalization.
Guardian | The rightwing transparency group, Judicial Watch, released Tuesday a new batch of documents showing how eagerly the Obama administration shoveled information to Hollywood film-makers about the Bin Laden raid. Obama officials did so to enable the production of a politically beneficial pre-election film about that "heroic" killing, even as administration lawyers insisted to federal courts and media outlets that no disclosure was permissible because the raid was classified.
Thanks to prior disclosures from Judicial Watch of documents it obtained under the Freedom of Information Act, this is old news. That's what the Obama administration chronically does: it manipulates secrecy powers to prevent accountability in a court of law, while leaking at will about the same programs in order to glorify the president.
But what is news in this disclosure are the newly released emails between Mark Mazzetti, the New York Times's national security and intelligence reporter, and CIA spokeswoman Marie Harf. The CIA had evidently heard that Maureen Dowd was planning to write a column on the CIA's role in pumping the film-makers with information about the Bin Laden raid in order to boost Obama's re-election chances, and was apparently worried about how Dowd's column would reflect on them. On 5 August 2011 (a Friday night), Harf wrote an email to Mazzetti with the subject line: "Any word??", suggesting, obviously, that she and Mazzetti had already discussed Dowd's impending column and she was expecting an update from the NYT reporter.
A mere two minutes after the CIA spokeswoman sent this Friday night inquiry, Mazzetti responded. He promised her that he was "going to see a version before it gets filed", and assured her that there was likely nothing to worry about:
"My sense is there a very brief mention at bottom of column about CIA ceremony, but that [screenwriter Mark] Boal also got high level access at Pentagon."
She then replied with this instruction to Mazzetti: "keep me posted", adding that she "really appreciate[d] it".
axisoflogic | A massive explosion at Venezuela's main oil refinery at the Amuay plant in Falcon State occurred at 1:11 a.m. this morning (Saturday, August 25).
The Dead and Injured According to Vice President Elías Jaua, at least 24 people were killed, 17 of them members of the Venezuelan National Guard who provide security for the refinery and 60 were injured with 5 remaining hospitalized. Many homes in the area were evacuated and med-vac ambulances were used to take the injured to hospitals.
Update: The death toll has increased to 41 people. These included 18 National Guardsmen who were among those protecting the refinery; 17 civilians and six bodies have not yet been identified.
The Material Damage Two refinery tanks were destroyed with significant damage to the infrastructure and houses in the area and the National Guard base in front of the refinery was completely destroyed. The refinery is one of the biggest in the world, producing 645,000 barrels of crude and 200,000 barrels of gasoline a day. Amuay, on the Paraguana Peninsula, is part of the Paraguana Refinery Complex, which also includes the adjacent Cardon. The entire complex has capacity to produce 956,000 bpd.
Energy Minister Rafael Ramirez said there are sufficient petroleum reserves in the country to continue the normal flow of exports and meet domestic demands even after the destruction that took place early this morning. Ramirez stated that all operations at the plant had stopped but he expected them to resume within two days.
Update: Rafael Ramírez, Venezuela's Energy Minister stated that nine crude-oil-storage tanks had been destroyed.
Cause of the Blasts Energy Minister Rafael Ramirez reported on state television that a gas leak, which formed a cloud exploded, "igniting at least two storage tanks and other facilities at the refinery."
US Marine entered Venezuela illegally 2 weeks ago: Two weeks ago (August 10) we reported that the Venezuelan government captured a U.S. Marine entering the country from Colombia illegally, with "the look of a mercenary." He told the government that he "was fleeing from someone," but would not answer any questions asked during interrogation. He had stamps in his passport from visits to Iraq, Afghanistan and Libya and attempted to destroy his notebook when he was captured. But his notebook was reconstructed and found to contain "geographical coordinates." The Marine is still in Venezuelan custody and initially, the government reported that he was refusing to explain his reasons for entering the country illegally. President Chávez stated, "This [US] citizen wanted to enter the country illegally, for who knows what reason. He cannot say where he was going, or who was waiting for him." Since then, the government has not issued any additional reports.
At the time of the US Marine's arrest, President Chávez issued an alert to all Venezuelans related to possible sabotage of the presidential elections this year:
"A group of the bourgeoisie is preparing to reject the people's triumph, that's very clear. [They] are going to try to plunge the country into a political crisis and fill the country with violence. I urge everybody to be very alert."
Corporate Media Reporting: The BBC, Guardian, NYT, LAT, WP, Reuters, AP and other imperialist media jumped the gun and immediately blamed the Venezuelan government for this “accident.” They quote ex-employees of PDVSA who are telling them that the explosion is the result of poor maintenance of equipment and sub-standard safety measures by the government. One of them said the explosion is due to the oil minister working on President Chávez' re-election campaign this year instead of taking care of his responsibilities as oil minister. 18,000 of these employees were fired when they sabotaged and shut down PDVSA in 2002-2003. The imperialist media does not mention any of this, calling them "ex employees" or "retired employees" in their propaganda.
The BBC jumped on this story immediately, attributing the explosion to faulty government management before any investigation has been carried out:
"Analysts say refineries in Venezuela, South America's biggest oil producer, have suffered from a long list of problems including power failures and accidents."
"Power faults, accidents and planned stoppages for maintenance have hit deliveries from South America's biggest oil exporter.“Eddie Ramirez, national co-ordinator for Gente del Petróleo, an organisation of ex-employees of PDVSA, said: "These accidents have been happening more and more frequently in the last couple years because of a neglect in safety and maintenance standards.
"Minister Ramirez dedicates his time to doing politics alongside the candidate, Hugo Chávez, instead of maintaining the level of infrastructure this kind of industry requires."
Gente del Petróleo has been attacking the Chávez government ever since the coup of 2002. They are comprised of many of the 18,000 PDVSA employees who were fired by the government after they sabotaged the Venezuelan oil industry, then abandoned their posts shutting down all oil production for 3 months and crippling the economy in 2003. On April 13, 2002, Eddie Ramirez, sought out and quoted by the Guardian for this story, sat with old PDVSA managers and defiantly cried in public while President Chávez was being held hostage, "Not one more barrel of oil for Cuba!”
“Pdvsa has been plagued by accidents and oil spills in recent years, which critics say are the result of poor management...
“José Bodas, an oil union leader, said that the company had failed to invest in maintenance.
“ 'This has as a consequence the increase in accidents and tragic deaths like what we are seeing today,' Mr. Bodas said in a telephone call to Globovision, a television channel associated with the political opposition to President Hugo Chávez.”
Rafael Ramírez, Venezuela's Oil Minister said PDVSA is investigating the cause of the gas leak that led to the explosion.
guardian | I have no idea what is coming to Europe and North America this winter and next summer, in the wake of the record ice melt, but it's unlikely to be pleasant. Please note that this record represents a loss of about 30% of Arctic sea ice, against the long-term average. When that climbs to 50% or 70% or 90%, the impacts are likely to be worse.
Our governments do nothing. Having abandoned any pretence of responding to the environmental crisis during the Earth summit in June, now they stare stupidly as the ice on which we stand dissolves. Nothing – or worse than nothing. Their one unequivocal response to the melting has been to facilitate the capture of the oil and fish it exposes.
The companies that caused this disaster are scrambling to profit from it. On Sunday Shell requested an extension to its exploratory drilling period in the Chukchi Sea, off the north-west coast of Alaska. This would push its operations hard against the moment when the ice re-forms and any spills they cause are locked in. The Russian oil company Gazprom is using the great melt to try to drill in the Pechora Sea, north-east of Murmansk. After turning its Arctic lands in the Komi republic into the Niger delta of the north (repeated oil spills are left unremediated in the tundra), Russia wants to extend this industry into one of the world's most fragile ecosystems, where ice, storms and darkness make decontamination almost impossible.
As I write, activists from Greenpeace, whom I regard as heroes, are chained to Gazprom's supply vessel, preventing the rig from operating. These people are stepping in where all governments have failed. David Cameron, who still claims to lead the greenest government ever, is no longer hugging huskies. In June he struck an agreement with the Norwegian prime minister "to enable sustainable development of Arctic energy". Sustainable development, of course, means drilling for oil.
Is this how our children will see it: that we destroyed the benign conditions that made our world of wonders possible, and then used the opportunity to amplify the damage? All of us, of course, can claim to have acted with other aims in mind, or not to have acted at all, as the other immediacies of life seemed more important. But – unless we respond at last – the results follow as surely as if we had sought to engineer them.
BusinessWeek | Alaska is known for pioneering, self-reliant residents who are accustomed to remote locations and harsh weather. Despite that, Gov. Sean Parnell worries a major earthquake or volcanic eruption could leave the state's 720,000 residents stranded and cut off from food and supply lines. His answer: Build giant warehouses full of emergency food and supplies, just in case.
For some in the lower 48, it may seem like an extreme step. But Parnell says this is just Alaska.
In many ways, the state is no different than the rest of America. Most people buy their groceries at stores, and rely on a central grid for power and heat. But, unlike the rest of the lower 48, help isn't a few miles away. When a fall storm cut off Nome from its final fuel supply last winter, a Russian tanker spent weeks breaking through thick ice to reach the remote town.
Weather isn't the only thing that can wreak havoc in Alaska, where small planes are a preferred mode of transportation and the drive from Seattle to Juneau requires a ferry ride and 38 hours in a car. The state's worst natural disaster was in 1964, when a magnitude-9.2 earthquake and resulting tsunami killed 131 people and disrupted electrical systems, water mains and communication lines in Anchorage and other cities.
"We have a different motivation to do this, because help is a long ways away," said John Madden, Alaska's emergency management director.
The state plans two food stockpiles in or near Fairbanks and Anchorage, two cities that also have military bases. Construction on the two storage facilities will begin this fall, and the first food deliveries are targeted for December. The goal is to have enough food to feed 40,000 people for up to a week, including three days of ready-to-eat meals and four days of bulk food that can be prepared and cooked for large groups. To put that number into perspective, Alaska's largest city, Anchorage, has about 295,000 people, according to the U.S. Census Bureau, and Juneau, its third largest, about 31,000.
It's not unusual for states that routinely experience hurricanes or other large-scale disasters to have supplies like water, ready-to-eat meals, cots and blankets. But Alaska is interested in stocking food with at least a five-year shelf life that meets the nutrition, health and cultural requirements of the state's unique demographics. That means, as part of the effort, trying to incorporate cultural foods like salmon for Alaska Natives as well as foods that would be more common in urban areas, state emergency management spokesman Jeremy Zidek said.
An estimated 90 percent of commodities entering Alaska are delivered through the Port of Anchorage. Air service is also a critical link to the outside world and generally the only way to reach many rural communities. A volcanic blast emitting a large amount of smoke and ash could disrupt supply lines by air and water for an extended period, Madden said, and an earthquake could knock out airport runways or ports. Those are just some of the disasters that might require emergency supplies.
Parnell has made disaster readiness a priority of his administration. His spokeswoman said he has experienced firsthand the devastation of natural disasters, including heavy flooding that knocked some buildings off foundations in Eagle in 2009, when he was lieutenant governor, and the Joplin, Mo., tornado last year. Parnell and his wife visited Joplin with members of the relief organization Samaritan's Purse.
Madden said Alaska's readiness is better than it once was and it continues to improve.
neweconomicperspectives | Restoring the pre-1993 underwriting rules would impose no cost on honest lenders and would greatly reduce fraud and make it much easier to prove fraud when it occurred. The rule we adopted in 1984 restricting S&L growth rates doomed the accounting control frauds that we were not able to close because we had no funds. The rule targeted an accounting control fraud’s Achilles’ heel – the need to grow rapidly or collapse. The lack of a rule requiring Fannie, Freddie, the investment banks, and mortgage bankers to file criminal referrals was a major barrier to prosecuting.
The regulatory “black holes” exploited by fraudulent mortgage bankers created a superb criminogenic environment. The GAAP and international accounting rules of credit default swaps (CDS) and international accounting rules for allowances for loan and lease losses (ALLL) are open invitations for accounting control fraud.
The broader point is that without superb criminal referrals by the financial regulators and the “detailing” of dozens of bank examiners to the FBI it is impossible for the FBI to investigate effectively an epidemic of elite accounting control fraud. By 2006, there were over two million fraudulent liar’s loans being made annually. Long does not understand that the financial regulators are the “cops on the beat.” The NYC police department does not deal with elite financial crimes. The FBI white-collar crime staff is so tiny (fewer than two agents per U.S. industry) that it cannot walk a beat. The FBI only come and investigates in response to effective criminal referrals. Banks will virtually never make a criminal referral against their CEOs. One cannot combat such a fraud epidemic by having the FBI investigate the criminal referrals that the FDIC-insured banks make against individual borrowers.
The anti-regulators controlling the banking agencies under Clinton and Bush killed the criminal referral process. Obama has failed to reestablish it. Long does not understand the meaning of her own example about Geithner’s response to learning of the Libor frauds. Geithner and the Federal Reserve Bank of New York (FRBNY) did not use the word “fraud” in their communications with the Bank of England or their sister regulators. The FRBNY did not make a criminal referral or even alert the FBI and the Justice Department to the Libor frauds. Obama’s recently created “working group” on secondary mortgage market fraud does not even include representatives from the banking regulators. Chris Swecker, the senior FBI official who made the famous twin warnings in 2004 (there was an “epidemic” of mortgage fraud that would cause a financial “crisis” if it were not contained) informed the FCIC that no banking regulator ever contacted him in response to his warnings. Long’s anti-regulatory dogma would recreate the criminogenic environment and spark new fraud epidemics and lead to the three “de’s” (deregulation, desupervision, and de facto decriminalization). One cannot credibly call for jailing the crooks while pushing anti-regulatory creeds that produce fraud epidemics and make it certain that the elite crooks will not even be investigated, much less jailed.
theamericanconservative | After Ron Paul’s speech Sunday evening—part of his “We are the Future Rally” held at the University of Florida Sun Dome—I set out to gauge audience reaction. “He hit a lot of the same points he normally hits,” said James Smack, vice chairman of the Nevada Republican Party and a Paul stalwart. “But there was a little more passion, a little more zest…”
This was also my impression. Some observers thought that Paul would strike a conciliatory tone to ingratiate himself (or more likely, his son Sen. Rand Paul) with the GOP establishment. But as Smack noted, “there were some solid shots taken at the RNC—merited shots.” Paul accused party insiders of flouting convention rules to disenfranchise his supporters.
But this was not what stood out most about the address. Over the course of an hour and 15 minutes, Paul was at his most subversive, demonstrating precisely why the Romney campaign offered him a convention speaking slot only under the condition that they be allowed to vet his remarks. (Paul declined.)
“Let me tell you, Bradley Manning didn’t kill anybody,” the Texas congressman declared at around minute 45, speaking of a “soft spot” in his heart for whistleblowers. “Bradley Manning hasn’t caused the death of anybody. And what he has exposed—he is the equivalent of Daniel Ellsberg, who told us the truth about Vietnam!” The crowd exulted. Paul then pivoted to a spirited defense of Julian Assange, chastising the government of Sweden for truckling to alleged American demands that the Aussie be extradited to the U.S. for prosecution.
Paul’s campaign has long touted the fact that he received an outsized percentage of donations from active-duty military. I couldn’t help but speculate that his position on Bradley Manning—who after all has been charged in military court with aiding and abetting al-Qaeda—might not be popular within those ranks. I mentioned this hunch to Kaleb Hornsby, a Paul district coordinator from Augusta, Georgia and Navy veteran. “To maintain good military discipline, order should be followed,” he said. “You make certain agreements when you go into the military. As a soldier, I don’t think Manning should have done it. I wouldn’t have done it.” Even so, Hornsby regarded himself as a supporter of WikiLeaks and admitted to struggling with the issue.
“It’s outstanding leadership,” another veteran, Marcelo Munoz, said of Paul’s comments on Manning and Assange. “You serve in the military, but you don’t serve the military. Ron Paul stands for principle, and it’s outstanding. That’s why he doesn’t sound like any other candidate.” Munoz served as Paul’s 2012 Alabama state chairman. “The principle here is, the soldier saw some stuff that the U.S. shouldn’t have been doing, and he exposed it. Like Ron Paul said, he’s a whistleblower. And whistleblowers are the ones that keep the government in check.”
Among military and civilian supporters alike, Munoz’s sentiment appeared to be the prevailing one. “I think Bradley Manning and Julian Assange are heroes to the world,” said Stephen Cossett, a Libertarian Party activist from Venice, California, who claimed he had overseen the most prolific pro-Ron Paul phonebanking operation in the nation. “Bradley Manning to the United States, and Julian Assange to the world, since as Ron Paul said, he’s not an American.” Cossett was an invited “guest” of the California delegation, and that allows him entry to the convention floor—an attempt at co-optation, he suspected. I asked Cossett if he thought it unusual for a politician of Paul’s stature to be making such pronouncements.
“Maybe of Paul’s stature, but not for Paul,” he replied. “We need to speak up for this stuff. We need information, that’s how we make decisions in a democracy.”
thestreet | For approximately three years, our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with "austerity" in order to continue making full interest payments to the Bond Parasites -- at any/all costs.
Following three years of this continuous, uninterrupted failure, Greece has already defaulted on 75% of its debts, and its economy is totally destroyed. The UK, Spain and Italy are all plummeting downward in suicide-spirals, where the more austerity these sadistic governments inflict upon their own people the worse their debt/deficit problems get. Ireland and Portugal are nearly in the same position.
Now in what may be the greatest economic "mea culpa" in history, we have the media admitting that this government/banking/propaganda-machine troika has been wrong all along. They have been forced to acknowledge that Iceland's approach to economic triage was the correct approach right from the beginning.
What was Iceland's approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail out the criminal Big Banks, at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.
The bankers told us that no amount of suffering (for the Little People) was too great in order to make sure that the Bond Parasites got paid at 100 cents on the dollar. Iceland told the Bond Parasites they would get what was left over, after the people had been taken care of (by their own government).
The bankers told us that our governments could no longer afford the same education, health care and pension systems which our parents had taken for granted. Iceland told the bankers that what the country could no longer afford was to continue to be blood-sucked by the worst financial criminals in the history of our species. Now, after three-plus years of this absolute dichotomy in economic policymaking, a clear picture has emerged (despite the best efforts of the propaganda machine to hide the truth).
In typical fashion, the moment that the Corporate Media is forced to admit that it has been serially misinforming us for the past several years; the Revisionists are immediately deployed to rewrite history, as shown in this Bloomberg Businessweek excerpt:
...the island's approach to its rescue led to a "surprisingly" strong recovery, the International Monetary Fund's mission chief to the country said.
In fact, from the moment the Crash of '08 was orchestrated and our morally bankrupt governments began executing the plans of the bankers, I have written that the only rational strategy was to put People before Parasites. While I wouldn't expect national policymakers to take their cues from my writing, when I wrote out my economic prescriptions for our economies I didn't base my views on compassion, or simply "doing the right thing."
Rather, I have consistently argued that it was a matter of simple arithmetic and the most-elementary principles of economics that "the Iceland approach" was the only strategy which could possibly succeed. When Plutarch wrote 2,000 years ago "an imbalance between rich and poor is the oldest and most fatal ailment of all Republics," he was not parroting socialist dogma (1,500 years before the birth of Socialism).
Plutarch was simply expressing the First Principle of economics; something on which all of the modern capitalist economists who followed in his footsteps have based their own theories. When modern economists produce their own jargon, such as the Marginal Propensity to Consume; it is squarely based on the wisdom of Plutarch: that an economy will always be healthier with its wealth in the hands of the poor and the Middle Class instead of being hoarded by rich misers (and gamblers).
So when the Bloomberg Revisionists attempt to convince us that Iceland's strong (and real) economic recovery was a "surprise"; this could only be true if none of our governments, none of the bankers and none of the media's precious "experts" understood the most-elementary principles of arithmetic and economics. Is this the message the media wants to convey?
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