Friday, February 07, 2003
Got my copy of Eric Alterman's What Liberal Media? Ashcroft only has eyes for you. From the Center for Public Integrity:(WASHINGTON, Feb. 7, 2003) -- The Bush Administration is preparing a bold, comprehensive sequel to the USA Patriot Act passed in the wake of September 11, 2001, which will give the government broad, sweeping new powers to increase domestic intelligence-gathering, surveillance and law enforcement prerogatives, and simultaneously decrease judicial review and public access to information.A full text document is available at the source above. Bush: "Reptilian entity," or not? Penn & Teller's new show Bullshit on Showtime tweaks the Pinocchio noses of those who try to scam us, such as telepsychics, magnet therapists, and the like. Arthur Andersen wasn't the problem. The indicted and crippled accounting firm (and two-word all-purpose punch line) Arthur Andersen turns out to be not the purveyor of a one-off con game, but a small part of a pervasive corruption of the accounting industry that is yet coming to light (New York Times):Some wealthy Americans who paid millions in fees to two of the Big Four accounting firms to set up tax shelters are suing the firms after the Internal Revenue Service denied the tax savings that they had been promised.This is no longer legally justifiable tax avoidance, but industry-wide tax fraud. The sheltered (i.e., stolen) money rightfully belongs to citizens. Last night Larry King interviewed Bill Clinton. Late in the interview — during which Clinton is extraordinarily informed and articulate by current standards — they are joined by radio host Tom Joyner who said:I think that right now, as people are watching this, I don't think I'm the only one that wishes that he was still president right now.Later, Clinton on the topic of Trent Lott:So I thought what they did was -- that Trent Lott made a boo-boo. It was like the equivalent of, you know, an uneducated guy scratching his ear or picking his nose at a dinner party. And they made him a scapegoat so that other people in America who were uncomfortable with what he said wouldn't think the rest of the Republican Party was doing that.Via Media Whores Online.
Thursday, February 06, 2003
The feeling isn't mutual. For the first time in 14 years, US investors removed more money from stock mutual funds than they put in, according to this report from The Economist:While the regulators and the industry squabble over the planned reforms, analysts are more worried about whether Americans’ faith in shares [stocks] has been shattered for good. An unlucky few have seen their investments completely wiped out in the past couple of years. Almost all investors are nursing losses. But shares always do well over the long term, right? Not necessarily. Analysts at Merrill Lynch, an investment bank, have worked out that the break-even point for someone investing sensibly on a monthly basis since 1990, when America’s interest in mutual funds exploded, would be around 776 on the Standard & Poors composite index, a level to which it has come perilously close. In other words, the average investor is near to losing his capital. Fund managers are learning a bitter lesson. Just as they benefited from a virtuous cycle of inflows and stockmarket rallies on the way up, they are vulnerable to a vicious cycle on the way down. Neal Pollack covers the pro-war haiku movement. Perhaps Neal is the poet that New Criterion managing editor Roger Kimball (see 2/5/03, "The tragic story of a disappointed Republican poetry fan" below) longs for:Hussein, ugly rat Holy piranha! Texas suffers from biblical plagues. From the Houston Chronicle:Officials in Corpus Christi have already killed two brown tree snakes, climbing serpents from Guam that eat everything they come upon, according to Howells. One was hiding in a washing machine aboard a ship, he said.Earlier in the article we learn that many of these invasions were intentional, but have since spun out of control. The economy worsens. From the New York Times:The economy has fallen into its worst hiring slump in almost 20 years, and many business executives say they remain unsure when it will end.The young, the poor, the middle class — all must share in the sacrifice as we hand over our wages to our Republicorporate Chief Executive Overlords, in the form of George W. Bush's $2+ trillion tax cuts to benefit the wealthy.
Wednesday, February 05, 2003
The tragic story of a disappointed Republican poetry fan. In today's Wall Street Journal (and also in OpinionJournal) Roger Kimball, the managing editor of the New Criterion, describes his exasperation with the pothead adolescents who disturbed the First Lady's plan for a respectable poetry luncheon to which he was invited:Poetry and Politics Don'tThe mocking tone does not disguise the fact that nowhere in the article (reproduced in its entirety above, with the original WSJ headline) does Kimball talk about the merits of the dissenting poets' argument or their genuine concerns over human lives that are about to end as a natural consequence of an artificial war. Kimball instead focuses on irrelevancies like "pot and poses," draft-dodging (?), and, inexplicably, 19th-century English poet Shelley.
Tuesday, February 04, 2003
Ask your senators to represent you for an Estrada filibuster.The administration is pushing for a vote on Estrada* that will come soon...anytime between now and Colin Powell's speech before the United Nations tomorrow. Distract the people and they'll not think to protest the packing of uber-conservatives with lifetime appointments onto the nation's courts.*Read Estrada's background and why he's bad for America and the full post from which I lifted this text at RuminateThis. Do it now. Mortgaging your children's wages. An excellent overview of the dangerous Bush budget deficits appears this week in The Economist. After noting that the federal deficits for the next eight years are projected to total over $2 trillion (not million, not billion, but $2 trrrrrrrrrillion), they add the following bit of irony:Over a ten-year period, the latest tax cuts are estimated to cost nearly $1.5 trillion, and they come on top of tax cuts passed in the first months of Mr Bush’s presidency which will cost $1.35 trillion over a decade.The long run of forecast deficits reminds some of the Reagan administration in the 1980s, which lumbered successive governments with deficits that took years—and enormous political effort—to reverse.George W. Bush's one-year budget deficit of $307 billion for 2003 — the highest in history — will break the previous record set by his father (AP via SFGate.com) before the cost of the Iraq invasion is factored in:President Bush will project a record $307 billion federal deficit for this year in the budget he sends Congress on Monday, followed by another huge shortfall of $304 billion in 2004, congressional and administration officials said Friday.The Republican Party is double-crossing the American people with their preposterous self-serving charades. The lone president who managed to balance the budget and deliver a surplus in the last few decades was the same one they tried to impeach. The editorial page editor of the San Francisco Chronicle remarks that the Columbia space shuttle tragedy has prompted some unusually polarized letters. David Neiwert of Orcinus continues to explore the potential for "a uniquely American brand of fascism." The Grinch Who Stole America. An online troubadour named Doug Goodkin updates the Dr. Seuss poem of a tiny-hearted greenish fellow who tried to steal the soul of a community:The Whos down in Whoville liked this country a lot,That's just the opening. Now go read the entire poem. Link via The ReachM High Cowboy Network Noose, who will be added to the permanent links soon.
Monday, February 03, 2003
Bad judges mean bad judgment. You can't trust a judge who is predisposed to convict and conceals relevant evidence:Jurors said pot grower Ed Rosenthal never had a chance with U.S. District Court Judge Charles Breyer blocking defense attempts to show Rosenthal was growing marijuana for dispensaries and clubs serving seriously ill people. The only evidence left was that Rosenthal was guilty of conspiring to grow more than 100 plants.This is one of the reasons people hate jury duty so much — they sense that they are mere pawns being manipulated by scheming attorneys and, in this case, a judge with an agenda. Mowing the astroturf. Having written about this a number of times before ("Roboletter III"), we're pleased to see that the Boston Globe is taking responsible steps toward eliminating fake letters to the editor:Four times since mid-October the Globe has unwittingly published letters that were written not by the local folks who signed them, but by the Republican National Committee. The same letters, all praising President Bush, also appeared verbatim (or nearly so) in papers across the country, each signed by a person in that paper's area.Without using the trademark-infringing verb, the Globe goes on to say that they will make a practice of Googling letters that stink of GOP authorship. Today is the deadline for public comment on FCC proposals to relax media ownership restrictions, enabling gigantic media to get even more gigantic. We wrote about this topic previously in this post. Leave no GOP thieves behind. Even while the new plutocratic "savings account" scams (see the 2/2/03 post below) are being perpetrated, the last round of Republican thieves is still in motion (WSJ.com, subscription only):Enron Creds Sue Ex-CEO Lay, Wife To Recover Over $70 MlnI give it stuff worth jus' $4.70, and then order the company I run to give me $10.00 in cash. Multiply the deal by one million, and I am Ken "Kenny Boy" (and Linda "Jus' Stuff") Lay.
Sunday, February 02, 2003
"Let's be clear, if progressives ignore this danger, we are missing the greatest class war designed on behalf of the non-working rich in American history. This is a plan to leave the investment class completely untaxed over generations, while leaving all tax burdens on those living by wages alone." View the Archive
Greatest Hits
· Alternatives to First Command Financial Planning
· First Command, last resort, Part 3
· Part 2
· Part 1
· Stealing $50K from a widow: Wells Real Estate
· Leo Wells, REITs and divine wealth
· Sex-crazed Red State teenagers
· What I hate: a manifesto
· Spawn of Darleen Druyun
· All-American high school sex party
· Why is Ken Lay smiling?
· Poppy's Enron birthday party
· The Saudi money laundry and the president's uncle
· The sentence of Enron's John Forney
· The holiness of Neil Bush's marriage
· The Silence of Cheney: a poem
· South Park Christians
· Capitalist against Bush: Warren Buffett
· Fastow childen vs. Enron children
· Give your prescription money to your old boss
· Neil Bush, hard-working matchmaker
· Republicans against fetuses and pregnant women
· Emboldened Ken Lay
· Faith-based jails
· Please die for me so I can skip your funeral
· A brief illustrated history of the Republican Party
· Nancy Victory
· Soldiers become accountants
· Beware the Merrill Lynch mob
· Darleen Druyun's $5.7 billion surprise
· First responder funding
· Hoovering the country
· First Command fifty percent load
· Ken Lay and the Atkins diet
· Halliburton WMD
· Leave no CEO behind
· August in Crawford
· Elaine Pagels
· Profitable slave labor at Halliburton
· Tom Hanks + Mujahideen
· Sharon & Neilsie Bush
· One weekend a month, or eternity
· Is the US pumping Iraqi oil to Kuwait?
· Cheney's war
· Seth Glickenhaus: Capitalist against Bush
· Martha's blow job
· Mark Belnick: Tyco Catholic nut
· Cheney's deferred Halliburton compensation
· Jeb sucks sugar cane
· Poindexter & LifeLog
· American Family Association panic
· Riley Bechtel and the crony economy
· The Book of Sharon (Bush)
· The Art of Enron
· Plunder convention
· Waiting in Kuwait: Jay Garner
· What's an Army private worth?
· Barbara Bodine, Queen of Baghdad
· Sneaky bastards at Halliburton
· Golf course and barbecue military strategy
· Enron at large
· Recent astroturf
· Cracker Chic 2
· No business like war business
· Big Brother
· Martha Stewart vs. Thomas White
· Roger Kimball, disappointed Republican poetry fan
· Cheney, Lay, Afghanistan
· Terry Lynn Barton, crimes of burning
· Feasting at the Cheney trough
· Who would Jesus indict?
· Return of the Carlyle Group
· Duct tape is for little people
· GOP and bad medicine
· Sears Tower vs Mt Rushmore
· Scared Christians
· Crooked playing field
· John O'Neill: The man who knew
· Back to the top |
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