Saturday, August 16, 2008

Ohio Payday Lenders Lie, Bribe The Homeless In Attempt To Overturn Usury Limits [Payday Loans]

Ohio Payday Lenders Lie, Bribe The Homeless In Attempt To Overturn Usury Limits [Payday Loans]

Ohio payday lenders, still smarting from their punch in the face, are turning to lies and deceit to qualify a ballot initiative that would overturn the state's recently approved usury limits. The industry's petition gatherers are telling people that the initiative would "lower interest rates," even though it would raise the maximum allowable APR from 28% to an astounding 391%. They're also giving dollars to illiterate homeless people who sign the petition.

Serve City director Kay Waldo said she felt the people at the shelter were victims of a crime.

"Absolutely," she said. "I think they take advantage of the people here. I really do."

Waldo claimed that some of the people at the shelter don't even know how to read.

"They're being asked to sign something without even being able to read it," she added. "It's a crime as far as I look at it."

"If something was said incorrectly, let the circulator's name be obtained and we will take swift action to investigate and remove that employee if necessary." Norris added.

The payday lending industry, of course, has plenty of experience taking advantage of people.

WCPN produced a segment on the dirty industry's dirty campaign:

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Ohio Payday Lenders Caught Lying in Ballot Initiative Signature Drive [Consumer Law & Policy Blog via Caveat Emptor]
Payday Loan Petitions Doubted [WCPN]
Ohio Payday Lending Law Change Battle Heats Up [WCPO]
PREVIOUSLY: Ohio Passes Legislation That Will Punch Payday Lending Industry In The Face
Ohio Senate Passes Strict Lending Legislation, Prepares To Punch Payday Lenders In The Face
Ohio Punches Payday Lending Industry In The Face, Breaks Its Nose, And Laughs
(AP Photo/Seth Perlman)

California Declares Free Market Broken, Recommends Price Controls For Phone Services [Telecoms]

Verizon, AT&T, and their regulated cohorts love to blab how the "free market" and "competition" will keep prices low for consumers. According to California, it's a big fat expensive lie. The cost of basic phone service has soared since the Public Utilities Commission lifted price controls in 2006, leading the agency to conclude:

"There is no indication of any change in the near future regarding the current state of competition. Market forces have not yet met the challenge of controlling price increases."

Here are just a few of the ways competition has benefited consumers:

  • AT&T no longer lets you make five free 411 calls per month. Now it costs $1.50 for local numbers and $1.99 for all others.
  • Verizon won't let you make four free 411 inquiries anymore. Now they charge $0.95 for local listings and $1.50 for all others.
  • AT&T boosted the price of daytime calls by 34%, evening calls by 93%, and nights and weekend calls by 233%
  • Call waiting is now 86% more expensive.
  • Keeping your name out of the phonebook now costs 346% more.
AT&T defended their thievery by cryptically uttering: "The marketplace changes and you have to change your offerings." Ohhhh, sure, we see. These "marketplace changes" must really be hurting the poor telecoms.
In a recent briefing for investors, AT&T boasted that its average monthly revenue per primary household line "ramped steadily over the past several quarters," to $60.16 in the first quarter of 2008 from $57.08 a year earlier.

So much for all that competition between Verizon, AT&T, Frontier, SureWest, Vonage, Skype, and others.

The telecoms have repeatedly proven that their version of the "free market" is a scam that harms consumers and enriches shareholders. California's Public Utilities Commission has recommended the only reasonable measure: reinstating price controls.

Getting the 411 on phone charges [The Los Angeles Times]
(Photo: Getty)


U.S. Airways Boots 274 Stranded Passengers From Caribbean Airport, Refuses To Pay For Hotels [Vacations]

U.S. Airways Boots 274 Stranded Passengers From Caribbean Airport, Refuses To Pay For Hotels [Vacations]

Armed guards ordered 274 stranded passengers out of the Punta Cana airport with no place to go after bad weather forced U.S. Airways to cancel its flight from the Dominican Republic to Philadelphia. Several passengers ended up sleeping in a bus after the airline responded to Tropical Storm Fay by asking passengers to pick up their luggage and get lost.

Mark Watts summed up the experience for CBS:

Abandoned! We're here in like, a foreign country, you know. And we're sitting on the ground by the tarmac with a roof over our heads with no sides on the building, and we refuse to get on a bus that was going to take us to the front of the aircraft to give us our luggage and say "see you later." And it's dangerous, man!"

Passenger Mike Maney sent us this brief missive from the island nation:

Battery dying but usairways is abandoned 200 of us in Dominican republic and saying we have to leave airport without any hotel. Pasengers including kids concerned about safety.

He later added:

We're still in the airport after being kicked out of the airport last night by armed security (they threatened to arrest one passenger who was demanding answers. We ended up sleeping in a bus because they couldn't find any hotel rooms. Seemed all they wanted was for everyone to leave the airport. Rather than fly in a fresh plane US air left 274 passengers scrambling all night to try to get back home. Sounds like all flights are overbooked. US air should be ashamed more than I suspect it normally is, as should the Dominican republic tourism agency.

And:

Also, we were told at first it was weather related but also that the crew had burned through their hours. Flights were going in and out. Absolutely no acceptable excuse on either the airline's or the airport's part. The weather only exacerbated the logistical and human incompetence of both organizations.

It is unclear when the passengers will be able to return to the United States.

Dozens of Philadelphians Stranded in Paradise [CBS3] (Thanks to Tim!)

McCain’s lobbyists have raked in nearly $1 BILLION in fees

McCain's lobbyists have raked in nearly $1 BILLION in fees

  But John McCain is the "anti-lobbyist" candidate, right!?

HuffPo:

The non-partisan group Campaign Money Watch has come up with another startling figure for those who follow the presidential money chase.

According to an analysis performed by the group, McCain's top fundraisers and aides have collected nearly $1 billion in fees from U.S. companies in the past decade — specifically, $930,949,819. Using numbers provided by the Center for Responsive Politics, the group also found that officials of those very same companies have given nearly $12 million to McCain's presidential campaign, so far.

How's that for a talking point?

various

Kevin Smith Calls Watchmen 'Astounding'

Kevin Smith Calls Watchmen 'Astounding'
In case you needed one more reason to be jealous of Kevin Smith-- aside from that whole successful-director, palling-around-with-celebrities, cult-hero thing-- here's one more: He has seen Watchmen. He and Zack Snyder seem to be pals, and though Smith signed a non-disclosure agreement, he was allowed to give the movie's first all-out rave, seven months before it hits theaters.

"It's fucking astounding," Smith wrote on his MySpace blog (MySpace login required). "Snyder and Co. have pulled it off."

He compares the experience to watching Sin City and being amazed at how faithful the movie was to the source material. Except, apparently, Watchmen does it even better. "Triple that, and you'll come close to watching Watchmen. Even Alan Moore might be surprised at how close the movie is to the book. March can't come soon enough.

So is Kevin Smith just doing some fanboy ravings for the sake of a friend, or can we trust this early word? Since it's the only thing even resembling a review we'll have for a looong time, we don't really have a choice but to take Smith's word for it.

Wanderlust: GOOD traces the most famous trips in history

Wanderlust: GOOD traces the most famous trips in history

This link is to a wonderful site that explores various famous trips throughout the world- check it out!

Hispanic Chicago Fire fans say security firm is mistreating them -- chicagotribune.com

Hispanic Chicago Fire fans say security firm is mistreating them -- chicagotribune.com

Sector Latino group says guards are harassing them and have used racial slurs; company has ties to star Cuauhtemoc Blanco

By Stacy St. Clair

Chicago Tribune reporter

From the moment they arrive at the stadium, members of the Chicago Fire's unofficial Hispanic fan club believe they're treated differently from other spectators. They say they must empty their pockets for weapons searches, listen to gang-banger innuendoes and, on at least one occasion, endure racial slurs.

And that's all before kickoff.

The alleged treatment has sparked such outrage that the team's staunchest fan groups will band together Saturday at Toyota Park to protest Monterrey Security, the firm that polices the Bridgeview stadium on game day and has ties to Major League Soccer's biggest Latino star.

The Pilsen-based company is accused of targeting Hispanic fans who sit in an area designated for the team's most ardent and vocal supporters. The group, known as Sector Latino, says problems began shortly after its formation in 2005 but became more pressing this season.

The tension escalated during a match two weeks ago after the club inadvertently sold assigned seats in Sector Latino's section, even though it's considered a general admission area. Amid a heated exchange between the security firm and the fan group over seating, the guards hurled several racial slurs, some Sector Latino members say.

"When you're calling people 'wetbacks' and 'spics,' you're going to lose control," Sector Latino leader Walter Arredondo said. "No one is going to follow orders when they're being demeaned like that."

A Fire spokesman called the racism accusations "unfounded" but said the club continues to investigate the complaints.

"It's unfortunate they feel this way," said Gregg Elkin, the Fire's vice president of communications. "As an organization, we take it quite seriously. We've spent a lot of time looking into it."

The controversy threatens to ensnare Fire star Cuauhtemoc Blanco, the Mexican soccer hero who is the league's best-known Latino player and arguably its biggest draw after David Beckham. Monterrey president Juan Gaytan Jr. serves as Blanco's personal bodyguard and translator.

Blanco, who was signed in part to help grow the league's Hispanic fan base, defended Gaytan's firm Thursday and suggested the supporters should shoulder the blame.

"I feel that it's possible that the fans at the time were inebriated," he said. "When people are drunk, things can get out of hand and things can get crazy."

Neither the Fire nor Monterrey Security has evidence to suggest alcohol played a role in the most recent skirmish, officials said.

Gaytan, whose firm has made headlines for its controversial City Hall contracts, says the racism allegations sting more than any other attack against his company. A first-generation Mexican-American who named his business after his parents' birthplace, Gaytan says he has endured racism in his life and would not tolerate discrimination by employees.

The company, in fact, has won national recognition for its contributions to the Latino business community. In 2003, Hispanic Business Magazine named Gaytan its rising entrepreneur of the year. Gaytan says the firm has 500 employees, 85 percent of whom are minorities.

"That's why this gets to me," he said. "If there was any evidence of discrimination and racism, the employee would be fired."

Sector Latino, however, has the backing of fellow Fire fans who say they've witnessed rising tensions between security and Hispanic fans. Section 8, the umbrella organization for the team's dozen independent groups of supporters, announced this week it "would stand in solidarity" with Sector Latino.

"A lot of people are sickened by [Sector Latino's treatment]," Section 8 Chairman Ben Burton said. "A lot of people are upset about it. It's not a happy situation."

As part of their protest Saturday, Sector Latino fans will unfurl banners in English and Spanish imploring Blanco and Chicago Fire owner Andell Holdings LLC to intervene on their behalf. The various supporters groups, which form the hundreds of fans who stand behind the stadium's north goal, also intend to stage a sit-in during the first half, forgoing the traditional songs, drumming and chants that bolster the park's raucous atmosphere.

Blanco, for his part, said he won't heed calls for Monterrey's firing.

"Of course not," he said. "The stadium shouldn't do anything because these fans were drunk."

Monterrey Security, which also oversees Soldier Field during Bears games and has worked Fire matches for nearly a decade, is no stranger to controversy. The firm was fined $22,000 by state regulators in 2001 for providing guards when it was only licensed to be a security consultant. In 2002, the city granted minority certification to Monterrey Security. The action, which paved the way for the firm to win a contract to guard the renovated Soldier Field, came despite evidence that Monterrey had previously misled city officials about its ownership and licensing requirements. The brother of Ald. Danny Solis (25th) was co-owner of the firm at the time of the certification but left the company about a year ago, Gaytan said.

Fire officials met with Section 8 representatives twice this week, but the fans walked away from the second meeting after the team said it would not fire Monterrey. Sector Latino leaders were offered a chance to meet Blanco, but they declined. They also refused to meet with Gaytan, who says he still wants to discuss the matter with them.

"We're not doing this to meet a soccer star," Arredondo said. "We just want to be left alone so we can do our thing and support the Fire."

sstclair@tribune.com

various

Friedman nails McCain on alternative energy hypocrisy

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(Suck on this, McCain) Since he's trying to exploit the anger Americans are feeling at the pump by basing his entire domestic platform on an "all of the above" energy policy, don't you think John McCain would be wise to actually show up and vote on crucial renewable energy legislation? Well, according to Tom Friedman, John McCain is a big fat hypocrite after missing eight important Senate votes.

NYT:

John McCain recently tried to underscore his seriousness about pushing through a new energy policy, with a strong focus on more drilling for oil, by telling a motorcycle convention that Congress needed to come back from vacation immediately and do something about America's energy crisis. "Tell them to come back and get to work!" McCain bellowed.

Sorry, but I can't let that one go by. McCain knows why.

It was only five days earlier, on July 30, that the Senate was voting for the eighth time in the past year on a broad, vitally important bill — S. 3335 — that would have extended the investment tax credits for installing solar energy and the production tax credits for building wind turbines and other energy-efficiency systems.

Both the wind and solar industries depend on these credits — which expire in December — to scale their businesses and become competitive with coal, oil and natural gas. Unlike offshore drilling, these credits could have an immediate impact on America's energy profile.

Senator McCain did not show up for the crucial vote on July 30, and the renewable energy bill was defeated for the eighth time. In fact, John McCain has a perfect record on this renewable energy legislation. He has missed all eight votes over the last year — which effectively counts as a no vote each time. Once, he was even in the Senate and wouldn't leave his office to vote.

This is precisely the reason we are so addicted to fossil fuels. Renewable energy will never become financially competitive with oil and gas until the feds invest in it and incentivize its progression. I hope every Obama energy ad from now til November notes that while he may be talking a good game about supporting alternative energy, Senator McCain 0-for-8 when it really counted.

McCain Is More Dangerous Than Bush

McCain

Forget the moderate image, promoted by an admiring media. Forget the so-called straight talk and independence. With the Russian-Georgian war winding down, McCain has firmly established himself as an old-fashioned Cold Warrior and a supporter of the huge oil companies that have a big stake in Georgia and the rest of the Caucasus.


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Tank u, ceilingcat, for our daily nomz



cat

Tank u, ceilingcat, for our daily nomz


Friday, August 15, 2008

various headlines

McCain Thinks The Corsi Smears Are So Funny

CNN:

After he emerged from the meeting, a reporter asked McCain his reaction to the new Jerome Corsi book, "Obama Nation."

"Gotta keep your sense of humor," McCain responded, before his aides shuttled reporters away.

The Obama campaign slammed McCain's comments (via turneresq):

What does John McCain think is funny about an intolerant smear artist who called Pope John Paul II senile and claims the government lied about 9/11?

I seem to recall that McCain and his supporters weren't so lighthearted when they thought (incorrectly) that Wes Clark had smeared him.

For the record

I know a lot of you have already seen the Obama campaign's booklet on Jerome Corsi's smear job, but for those of you who haven't, here's a link. To be honest, I didn't bother reading the whole thing because it's so obvious that Corsi is a lying bigoted hack and that the whole effort is a political smear. But if you've got friends who believe the stuff and you want a resource with which to combat the lies, this 41 page debunking of Corsi is a good place to start.

'Gitmo On The Platte' Set As Holding Cell For DNC

'Gitmo On The Platte' Set As Holding Cell For DNC
Written By Rick Sallinger | CBS4Denver.com

CBS4 News has learned if mass arrests happen at the Democratic Convention, those taken into custody will be jailed in a warehouse owned by the City of Denver. Investigator Rick Sallinger discovered the location and managed to get inside for a look.

The newly created lockup is on the northeast side of Denver. Protesters have already given this place a name: "Gitmo on the Platte."

Inside are dozens are metal cages. They are made out of chain link fence material and topped by rolls of barbed wire.

"This is a secured environment," Capt. Frank Gale of the Denver Sheriff's Department told CBS4. "We're concerned about how that's going to be utilized by people who will be potentially disruptive."


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Sen. Stevens Scored Big In Florida Condo Deal, Prosecutors Allege

Sen. Ted Stevens (R-AK) flipped a Florida condo deal to turn $5,000 into about $100,000 back in 2001 when the housing boom was heating up, according to newly filed court documents.

Federal prosecutors are not charging the sitting senator with any additional crimes, but they are laying out the new allegations in an effort to show a pattern of lying on his Senate financial disclosure reports.

Prosecutors say the details of Stevens' deal amount to an interest-free loan that he should have publicly disclosed.

The Anchorage Daily News first reported the details on Stevens' deal this morning:

On Feb. 4, 2001, Stevens and his wife, Catherine, signed a contract on a pre-construction condominium just north of Miami priced at $360,000, prosecutors said.

While most buyers put down 10 percent, or $36,000, Stevens only put down $5,000. One of the developers fronted the senator $31,000 in an interest-free loan that he paid to an escrow company "for the benefit of 'Theodore and Catherine Stevens,' " according to the motion.

About six months later, the developer, referred to in court papers only as "Person C" contacted Stevens and told him the condo could be flipped "as I told you," according to the motion.

In August 2001, Stevens sold the contract on the condo for $515,000, later paid off the interest-free loan and retained a windfall of about $100,000, prosecutors say.

That's not illegal per se, but prosecutors say Stevens should have disclosed the deal, according to the prosecutors' motion.

Part VII of the 2001 United States Senate Financial Disclosure Form required Stevens to disclose any liability that he "owed to any creditor which exceeded $10,000 at any time during" calendar year 2001. Although Stevens knowingly carried debt on a $31,000, interest-free loan from his personal friend for more than 10 months during 2001, Stevens did not list such a liability on his 2001 Financial Disclosure Form.

There's a photo here of the condo in a high-rise in Bay Harbor Island along the so-called Gold Coast, according to Taxpayers for Common Sense.

McCain Adviser Was Arrested For Carrying A Shotgun To Work At The Capitol

As if helping to plan the Iraq war wasn't troubling enough, now we learn that Randy Scheunemann, John McCain's top foreign policy adviser, has been personally arrested at the Capitol for carrying an illegal weapon.

Scheuneman was arrested, charged and fingerprinted back in 1997 when Capitol Police saw a shotgun case in the back of his SUV while he was driving to work.

The Huffington Post points out today an old Washington Times article about the Jan. 23, 1997 arrest. Scheunemann was charged with possession of an unregistered firearm (an unloaded 12-gauge) and unregistered ammunition (two rounds).

Scheunemann, then an aide to Sen. Trent Lott (R-MS), told police he'd been duck hunting recently and fogotten to take the weapon out of the car, according to the Times story.

East Pilsen to Express Grill: No Polish, No Onions

2008_08_express_grill.JPGThe dirty side of gentrification finally raises its head in East Pilsen. Residents and business owners in the neighborhood (aka "The Podmajersky area") are incensed that the owners of longtime polish sausage stand mainstay Express Grill are building a second location at 18th and Halsted. Business owners are touting the double parking and other traffic congestion, noise, overflowing dumpsters, drunkenness of its customers in the wee small hours and alleged illicit and criminal behavior going on around the stands. But their main points of contention against having Express Grill set up shop seem to be the smell of grilled onions and the eyesore that is a polish sausage stand.

In defense of Express Grill, UIC police told the Sun-Times that they don't respond to as many calls for disturbances there (and the neighboring Jim's Original) than one would assume. Aside from minor infractions, Express Grill passed its most recent health inspection. Still, the East Pilsen residents are bringing in some heavy hitters. 25th Ward Alderman Danny Solis has ordered his staff to investigate ways to block the opening of Express Grill. "This is a threat, not an opportunity for our neighborhood," Carlos Chavarria, owner of Kristoffer's Caf&#233 and Bakery, told the S-T.

Pilsen residents can weigh in on the matter 6:30 p.m. Monday night at Providence of God Church (717 W. 18th St.). The church is located across the street from a bar, by the way, which never has drunken people leaving at 2 a.m., waking up residents with their noise and traffic congestion, or dump trash on the street, or get into fights and commit crimes. [Sun-Times]



various headlines

Obama Campaign Rebuts Corsi's "Obama Nation"

    Honolulu - Democratic presidential candidate Barack Obama hit back Thursday with a 40-page rebuttal to the best-selling book "The Obama Nation," arguing the author is a fringe bigot peddling rehashed lies.

    Jerome Corsi's anti-Obama book, "The Obama Nation: Leftist Politics and the Cult of Personality," claims the Illinois senator is a dangerous, radical candidate for president.


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The Original Swift-Boater Is Back

Here come the goons, right on schedule. The "author," and I use the term loosely, whose vicious lies damaged John Kerry's 2004 presidential campaign has crawled back out from under his rock to spew vicious lies about Barack Obama.


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US government survey: Most corporations pay no taxes


Thursday, August 14, 2008

Deployed Troops Give to Obama Over McCain by 6 - 1 Margin | Future Majority

Deployed Troops Give to Obama Over McCain by 6 - 1 Margin | Future Majority

Open Secrets is reporting that troops overseas are giving to Barack Obama over John McCain at a rate of 6 - 1:

Contributions

According to an analysis of campaign contributions by the nonpartisan Center for Responsive Politics, Democrat Barack Obama has received nearly six times as much money from troops deployed overseas at the time of their contributions than has Republican John McCain, and the fiercely anti-war Ron Paul, though he suspended his campaign for the Republican nomination months ago, has received more than four times McCain's haul.

Despite McCain's status as a decorated veteran and a historically Republican bent among the military, members of the armed services overall -- whether stationed overseas or at home -- are also favoring Obama with their campaign contributions in 2008, by a $55,000 margin. Although 59 percent of federal contributions by military personnel has gone to Republicans this cycle, of money from the military to the presumed presidential nominees, 57 percent has gone to Obama.

How does that stack up against previous years?

"That's shocking. The academic debate is between some who say that junior enlisted ranks lean slightly Republican and some who say it's about equal, but no one would point to six-to-one" in Democrats' favor, said Aaron Belkin, a professor of political science at the University of California who studies the military. "That represents a tremendous shift from 2000, when the military vote almost certainly was decisive in Florida and elsewhere, and leaned heavily towards the Republicans."

In 2000, Republican George W. Bush outraised Democrat Al Gore among military personnel almost 2 to 1. In 2004, with the Iraq war underway, John Kerry closed the gap with President Bush, but Bush still raised $1.50 from the military for every $1 his Democratic opponent collected.

The real question is this - is this indicative of a trend in support for Obama across the armed services (enlisted and officers)? And if so, does it translate into votes? It certainly does go along way towards disproving Republicans' claims to speak for (and have the backing of) the troops.

Hat tip to Jonathan Singer at MyDD, who first brought this to my attention.

Inflation Hits Annual Pace Not Seen Since 1991 - NYTimes.com

Inflation Hits Annual Pace Not Seen Since 1991 - NYTimes.com

Inflation reached a 17-year high last month, fueled by high gasoline and food prices, all but assuring that the Federal Reserve will keep interest rates at their current level for the time being.

Consumer prices were 5.6 percent higher last month than they were in July 2007, a brisker pace than economists had expected, the Labor Department said on Thursday.

That was the sharpest annual increase since January 1991, as Americans paid more for clothing, food, transportation and recreational products.

The news was distressing for investors and the stock markets initially fell on the report. The major exchanges recovered, however, and the Dow Jones industrials closed up 82.97 points. Investors returned to buying financial stocks, taking advantage of a sector that has fared poorly in recent sessions. The broader S.&P. 500-stock index was up 0.55 percent,or 7.10 points. Wal-Mart also reported a better-than-expected rise in quarterly profits, but the discount retail giant also issued a gloomy sales forecast for the rest of the year. Crude oil declined again, down 99 cents to settle at $115.01 a barrel.

The overall Consumer Price Index, considered the benchmark gauge of domestic inflation, rose 0.8 percent in July. Economists had forecast a rise of half that rate. In June, prices rose 1.1 percent, the second highest monthly pace in 26 years.

The C.P.I. surveys prices of a basket of common consumer goods, measuring everything from toothpaste and prescription drugs to airline fares and restaurant menus.

Because food and energy prices can be highly volatile from month to month, the Labor Department also calculates a so-called “core” price index, which strips out those costs. In July, core C.P.I. rose 0.3 percent, reaching a 2.5 percent annual rate.

That is higher than the Federal Reserve and other economic policy makers would prefer. Central bankers use core C.P.I. to see whether price increases are becoming entrenched in the broader economy; Fed officials are said to prefer a ceiling of 2 percent annual increases.

The Fed has signaled repeatedly that it has no plans to lower interest rates, given the threat inflation poses to the economy. Lowering rates could stimulate more economic activity, but such a move would risk inflating prices further. Thursday’s C.P.I. report cements that view, and suggests that a rate increase could come sooner rather than later.

Still, central bankers face a difficult set of possibilities. The American economy continues to deteriorate: consumer spending is bad and likely to get worse; home prices continue to fall; and Wall Street has been unable to shake a credit crisis that keeps hurting big institutions. Stock prices are down too, further eroding household wealth.

The C.P.I. provided further evidence about the price pressures facing Americans this summer. Energy prices were up 4 percent in July; transportation costs increased 1.7 percent on a sharp rise in airline fares; and the price of clothing soared 1.2 percent after falling or staying steady for most of the year.

Food and beverages also cost more, with prices rising 0.9 percent last month. Since July 2007, food prices have risen 5.8 percent.

Home Sales Declined in Quarter

WASHINGTON (Reuters) — The value of existing single-family homes in metro areas fell 7.6 percent in the second quarter compared with the same period a year ago with homes in the West tumbling 17.4 percent, the National Association of Realtors said Thursday.

The quarterly survey of metro region prices also showed that prices fell in 115 of 150 metropolitan areas with several California cities seeing deep, double-digit drops in prices.

A metro region including parts of Los Angeles and Long Beach saw home price declines of 29.5 percent while Riverside-San Bernadino measured a 32.7 percent drop from the year-ago quarter.

Several Florida regions that saw big price gains during the recent housing boom have fallen sharply with the Gulf Coast city of Fort Myers clocking a 33.1 percent drop in values. Tampa-St. Petersburg saw prices decline 18.8 percent in the second quarter.

The Fix Is In - Again! | AfterDowningStreet.org

The Fix Is In - Again! | AfterDowningStreet.org

Better get used to the idea: John McCain will probably be the next President of the United States.

The fix is in, as it has been in every election since 2000.

This follows from two overarching facts that the corporate media will not report, and the Democrats choose to ignore:

1. The ruling oligarchy can not allow a reformist Democrat to occupy the White House.

2. They have the means to prevent it, as they did in 2000, in 2004, and as they might do again in 2008.

All other aspects of this "election" - issues, personalities, media blitzes - are secondary and perhaps even irrelevant.

The Stakes

What "oligarchy"? It's the "military-industrial complex" that Dwight Eisenhower warned us about in 1961, now expanded into a "military-industrial-academic-media-congressional complex." These include corporate CEOs who earn more, in half a day, than their median workers earn in an entire year. These are among the one-tenth of one-percent richest Americans (annual income of more than $1.6 million) whose income from 1980 to 2002 increased two and a half times, while the median family income was essentially unchanged; the same super-rich 0.1 percent that received 15% of Bush's tax cuts. These oligarchs sit on each others' Boards of Directors, and on University Boards of Regents. They own the mass media and thus control the "news" that is fed the general public. (See theyrule.net). And they fund political candidates before elections and, quid-pro-quo, dictate policy after elections.

To be sure, the super-rich (and getting richer) include a few progressive individuals such as Warren Buffet and George Soros, but they are the "mavericks." However, by and large, the "hyper-rich" (David Kay Johnson's term), own, operate and control America.inc.

And they have benefitted enormously from both Democratic and Republican administrations, but most notoriously, from the administration of Bush the Lesser. They have looted the U.S. Treasury, increased the national debt to almost ten trillion dollars, hollowed-out and exported the manufacturing base, promulgated foreign imperialistic wars and sent the bill to future generations, and they have installed a tax structure that systematically draws the national wealth "upward" from the middle class that creates the wealth, into the pockets of those who own and control the wealth.

The oligarchy's surrogates in Washington have, in defense of this corporatocracy, effectively put themselves above the law. Acts of Congress, when found inconvenient to "the unitary executive" President, are nullified by "signing statements." Citizen rights, enumerated by the Constitution and the Bill of Rights, have been swept aside, as have numerous international treaties which have the force of law. The list of illegal acts by the current administration is long and agonizingly familiar. (See Dennis Kucinich's 35 Articles of Impeachment). And the Congress has steadfastly refused to apply the Constitutional remedy of impeachment.

The oligarchs are not about to give up all this ill-gotten loot, and in some cases find themselves before the bar of justice, by submitting to something called "reform," instigated by "the will of the people."

And they are quite capable of preventing such reform, and frustrating the people's will.

Because, you see, they also own the privatized enterprises that count the votes with no independent means of validation.

Hidden in Plain Sight

The undisputed facts about "direct electronic recording" (DRE) voting machines should add up to a scandal. Instead of a scandal, we get a yawn.

These are the facts: the software that records the individual votes, and the software that "compiles" (collects) the vote totals, is "proprietary" which means, in a word, secret. It is known only to the private companies that write the codes, and these companies are owned and managed by Republican partisans. Accordingly, if the software is programmed to "fix" an election, there is no direct way to expose the fraud. Conversely, even if the vote tabulation is entirely accurate and honest, there is still no way to validate the vote. It is, as some have called it, "faith-based voting." (See my "The Greatest Story Never Told").

Last April, the Democratic Congress attempted to pass a bill that would fund state efforts to replace DREs with paper ballots. The GOP members, at the request of George Bush, defeated the measure.

Now why would they want to do that? With all the suspicion of GOP election fraud at large in the public, one might suppose that the Republicans would be eager to require means of validation. Yet somehow they are not.

For while there is no direct means of validating DRE totals, there is abundant statistical, circumstantial and anecdotal evidence that numerous elections, including the past two presidential elections, have in fact been stolen. (Because I have presented this evidence in numerous articles on the internet, I won't repeat it here. But for documentation of these allegations, see my "Where's the Outrage?" and "Evidence? We Don't Want Your Stinkin' Evidence!," then follow the links therein).

We've heard the rebuttal from the right: "These allegations of election fraud are paranoid fantasies. The Republicans, and their friends in the voting machine industry, wouldn't dare fix a national election. Such a conspiracy would be too massive to keep secret, and once it came to light, it would destroy the GOP."

Quite frankly, I once believed that eventually the truth would out, and that it would devastate the Republicans.

But if the truth of election fraud were revealed, who would report it? The corporate media? Gimme a break!

In fact, the truth has come out, and from the inside of the DRE industry. A programmer, Clint Curtis, has testified under oath that he was asked by Congressional Candidate, Tom Feeney, to write a program that would fix an election and leave no trace of the crime. He replied that it would be a simple matter to do so, but refused the offer. Curtis later lost to Feeney in an election that posted totals at odds with post-election surveys. (The Democratic Congress declined to investigate). In California, word processor Steven Heller released confidential legal documents proving that Diebold violated state law by installing uncertified software in state elections. For this act of civil disobedience, Heller pled guilty to a felony and was fined $10,000. And finally Steven Spoonamore, a McCain advisor and security researcher, disclosed that Diebold tampered with the 2006 Georgia gubernatorial and senatorial elections, in which the Republican candidates overcame huge polling deficits to win the election. (Follow this link for the first of an eight segment interview with Spoonamore).

So the evidence of stolen elections, some from inside whistleblowers, is "out there," reported by citizen groups and by the progressive internet. But not by the corporate media. And amazingly, the victims of this fraud, the Democratic Party and its candidates, are also silent.

So the system remains in place: In the November election, 80% of the votes will be cast or tabulated by computer, including 38% on DRE machines with "proprietary" software.

Will the announced vote totals be accurate? Will the oligarchy-friendly manufacturers and programmers be tempted to "fix" the results? You can count on it. Will they in fact yield to the temptation, facing no legal consequences if they do? Unknown and unknowable.

But given the evidence from past elections, I have grave forebodings about the next.

The Diebold Zone

If, as in previous elections, the GOP friendly privatized election industry is up to its undetectable dirty tricks, then John McCain need not tally a majority of votes in key states to win the election. All he needs is to gather as many as 45% - into "the Diebold Zone" - and the DRE's and the proprietary software codes will take care of the rest. Just as, arguably, Bush and the Republicans did in 2004. In a stunning essay, read by very few, Michael Collins explains how they did it. The DRE machines switched and stuffed millions of GOP votes in the big cities, where they would be least likely to be noticed. Collins' evidence is compelling.

Again, not a word about this in the corporate media, and no investigations by law enforcement or by the Democratic Congress.

And so, to put the matter bluntly, McCain does not need a majority to win. Just plausibility. As in 2000 and 2004, a plausible win is a win.

The media will not dispute it, much less investigate it.

But what if, once again, both pre-election polling and exit polling indicate an Obama victory, only to be overcome by a McCain "upset."

When this happened in Ohio in 2004, the media and the GOP came up with "the reluctant voter theory," whereby it was suggested that Bush voters were somehow less inclined than Kerry voters to talk with exit pollsters. No independent evidence was offered to explain this remarkable phenomenon, which seemed to be confined to precincts with DRE machines.

This time, if John McCain achieves a stunning upset, there will be a more plausible explanation on hand to deal with any discrepancy with poll projections: "the Tom Bradley effect." This phenomenon, which gets its name from the 1982 California gubernatorial race between Tom Bradley and George Deukmejian, indicates that a sizeable number of white voters who tell pollsters that race is not a factor in their voting choices, will in fact vote against a "person of color" when alone in the voting booth.

"The Bradley Effect" is extremely accommodating to the Republicans, since there is no way whatever to gauge its extent, if any. Thus almost any imaginable degree of "upset" can be explained away by this "effect."

If McCain does win in a stunning upset, count on the corporate media to grab onto "The Bradley Effect" in an instant. The pundits will deplore the "fact" that racism still plays such a large part in our elections. But it will all be a charade.

Just remember: thanks to "faith-based" voting and compliant media, for McCain and the GOP a plausible victory is a victory. And "the Bradley Effect" provides the plausibility.

Is There Any Hope?

Due to the aforementioned circumstances, an Obama victory in November is unlikely. But it is not impossible.

The election is three months away, and the party conventions are just ahead. Three months in politics can be an eternity.

First of all, the oligarchs might decide that a Democratic win might not be all that troublesome, and thus might tell their friends in the voting machine industry to cool it and let the voters have their way. After all, there is an economic shit-storm in the offing, and the corporatocracy might be more than willing to see it happen on the Democrats' watch.

Besides, as Matt Taibbi has argued this week, the corporatocracy pretty much owns Barack Obama anyway, and as the aftermath of the 2006 Congressional elections has proven, even when in control the Democratic party can be tamed and contained without much strain.

Second, the Obama campaign might come up with a brilliant strategy, though there is little indication so far of any such development. The Democrats have had four years to study the 2004 debacle and to plan a counteroffensive. For sure enough, 2008 is turning out to be 2004 redux, as Karl Rove and his acolytes dust off the old playbook and proceed accordingly. They know full well that McCain can not win legitimately on his merits, so instead, and predictably, they are attacking Obama: "an elitist," "a celebrity," "not one of us" (i.e., he's black and maybe a Muslim), "he's posing as 'The One'" (i.e., he's the anti-Christ). As in 2000 and 2004, the Republican campaign is attempting to define its opposition. And once again, they appear to be succeeding.

So has the Obama camp at last come up with an effective way to deal with the Sigretti-Atwater-Rove brand of gutter politics? To date, they have largely responded by being "positive" and concentrating on "the issues." They should ask John Kerry how all that worked out for him.

It won't do. It's time for a Willie Stark moment. During his week-long retreat, Barack Obama should read Chapter 2 (in particular, pages 136-144) of Robert Penn Warren's "All the King's Men," wherein Stark throws away his wonky, issue-clogged speech, speaks from his anguished and angry heart, and turns his fortunes around.

Strange to say, in this strangest of political years, Paris Hilton has shown the way. John McCain has to be taken down, and with ridicule. He is, after all, a ridiculous figure, spewing forth gaffes and errors almost daily, thus revealing his incompetence each and every time.. The McCain campaign, with its smears, innuendoes and outright lies, has given Obama the license to go negative. McCain has reversed himself on so many issues that his stand on any of them is not credible. So show video clips of McCain vs. McCain. He is tied to the despised Bush regime, so show those images of the Bush-McCain hug, and do so repeatedly as the media did with the Clinton-Monica hug at the rope line. Collect damaging video clips from You-Tube and let McCain speak his own refutation and condemnation. Then offer something better: an "audacity of hope."

Can Obama and the Democrats overcome a rigged voting system and a hostile corporate media?

Unlikely, but not impossible.

The public clamor for change combined with the widespread disgust with McCain, Bush and the Republicans, must become so enormous as to overwhelm the propaganda of the corporate media and the finagling of the voting machines. Recall that despite all the media slander of 2000 ("inventing the internet," "discovering Love Canal"), Al Gore received a half million more votes than George Bush. And there is good reason to believe that in 2006, the Democratic Senatorial candidates in Montana, Virginia, and Missouri overcame GOP "fixes" in those contests.

In short, to win at all, the Democrats must win big. A close contest within "The Diebold Zone" will likely go to John McCain.

And that is reason enough for progressives to stay in the fight and to redouble their efforts.

Wednesday, August 13, 2008

This is despicable....

VA Facilities Block Voter Registration Drives

Left Coaster: The first group of disenfranchised voters of the 2008 election will be wounded and homeless veterans currently occupying VA facilities around the country. "President Bush and Karl Rove are attempting to block voter registration of at least 200,000 and possibly as much as 400,000 veterans," said Paul Sullivan, president of Veterans for Common Sense.

various headlines

McCain Says 'No' To Renewable Power, 'Yes' To More Oil

I don't always agree with Tom Friedman, but this time he's right: John McCain's bluster about achieving energy independence is entirely bogus.

The problem is that while McCain is fighting for more tax cuts for oil companies, he's refusing to support an extension of investment tax credits to support R&D for renewable energy sources like wind and solar.

These aren't new tax credits -- they are existing ones -- and continuing them is essential to eliminating our addiction to oil. Whether or not John McCain understands this is an open question, but there's no doubt about this: he's putting oil industry first, and he'll never do anything they don't support.

McCain Talked With Georgia President On The Same Day McCain Aide Sealed Georgia Lobbying Contract

Randy Scheunemann earned about $70,000 serving as Sen. John McCain's top foreign policy adviser between the January 2007 and May 15, 2008.

During the same period, the government of Georgia paid his firm $290,000 in lobbying fees.

Today's Washington Post reports a stark illustration of the conflict of interest that Scheunemann faced while advising McCain on foreign policy matters related to the former Soviet Republic and also working for the Georgia embassy.

On April 17, McCain got on the phone with Georgia President Mikheil Saakashvili about Russian efforts to gain leverage over two of Georgia's troubled provinces. That same day, McCain issued a public statement condemning Russia and expressing strong support for the Georgian position.

And also on that same day, Georgia signed a new, $200,000 lobbying contract with Scheunemann's firm, Orion Strategies, according to the Post.

[McCain Campaign spokesman Brian] Rogers said Orion's representation of Georgia had no bearing on McCain's decision to speak with Saakashvili in April. "The Embassy of Georgia requested the call because of Georgian concerns over recent Russian actions dealing with South Ossetia and Abkhazia," he said.

The McCain campaign said Scheunemann has not received any payments from his lobbying firm since May 15 -- a few weeks after the Georgia contract was signed -- when the campaign imposed strict new restrictions on lobbying by campaign staffers. And the campaign notes that Scheunemann de-registered as a lobbyist for Georgia in March.

But Scheunemann remains owner of the firm, according to the Wall Street Journal. It's not a big firm -- essentially including only one other person, Scheunemann's partner, Mike Mitchell.

The firm has lobbied McCain's senate office a lot over the past few years. Orion reports making at least 71 phone calls to McCain and his staffers since 2004 to lobby on behalf of foreign clients, including Georgia.


Hannity Pwns himself over John McCain's own affair. Double standard applies to Edwards

Nothing John McCain did dishonestly in his life counts because he was a POW. So says Sean Hannity after he got caught attacking John Edwards and trying to play the average Amercian guy who just doesn't understand how Edwards could have cheated on his wife and then lied about it."Why should we trust you?" SH says. Colmes asked the same question about John McCain's first marriage

'My marriage ended because John McCain didn't want to be 40, he wanted to be 25. You know that happens…it just does.'  

 video_wmv Download | Play video_mov Download | Play (h/t Heather)

Hannity: I'm not getting this. Explain to me and I'm wondering if you can't keep the promise to your family, can't keep your promise to your wife, you're having an affair, you're lying about the affair repeatedly, why should the American people trust you when you say you're not going to lie to them? Why should we trust you?

Colmes: And by the way, that's a great question Sean asks and so Amanda, if that's true and you can't trust somebody who had an affair. How can we trust John McCain to be President of the United States—he cheated on by his own admission on his first wife, he didn't keep his martial vows, he didn't keep his pledge to his first family…

Hannity: Thirty years ago after five and a half years of being a POW

Colmes: Excuse me Sean. You've had your chance to speak, I'm up. John McCain cheated on his wife, right. Amanda? So how do we trust John McCain? He cheated on his wife, why do you have a double standard and John McCain's running for President? John Edwards is not. John McCain's wife was in a car accident. John McCain's running for President, what about his affair?

(H) After five and a half years in a POW camp. (C) That has nothing to do with it.  So it's OK to have an affair on his wife.

How about the good old Keating Five? Or Vicky Iseman? Does that count. Mr. Sean?

(rough transcript. Sorry, I didn't have a chance to write up more) 


US Broadband Won't Catch Up With Japan's for 101 Years

An anonymous reader writes "Internet speeds of users nationwide shows that the United States has not made significant improvements in deploying high-speed broadband networks in the past year, and if the average US Internet speed continues to improve only at the same rate it did from 2007 to 2008, the country won't catch up with Japan's current download speed for another 100 years, according findings released by the Communications Workers of America's (CWA's) Speed Matters campaign." With enough statistical mangling, nearly anything can be presented as plausible, but that's not enough to cover up my envy of Asian broadband speeds.



Alcohol abuse rises among Iraq and Afghanistan veterans and other news

Alcohol abuse rises among Iraq and Afghanistan veterans.

A new report by military researchers at the Naval Health Research Center finds that veterans back from the wars in Iraq and Afghanistan are increasingly "abusing alcohol after returning, perhaps to cope with traumatic memories of combat." Alcohol abuse was also up amongst National Guard and Reserve personnel, which the report said was "concerning in light of increased reliance (on these) forces" by the Pentagon.

Athlete Blames Sex Change on Steroids

A German shot putter had a sex change from female to male that he now attributes to steroids. Heidi Krieger, a top female athlete in the '80s, says that steroids given without his knowledge by coaches changed him mentally and physically.

Sovereign Wealth Funds To Buy-Up $29 Billion In Foreclosed Homes

"The great American sell-off continues. For sale this time: foreclosed homes throughout the United States with depreciating values. These pieces of real estate are tempting foreign big-money sovereign wealth funds to purchase them at an incredible value. Nothing can be truly considered sacred or American when everything is now for sale at discount prices."

It's Becoming a Buyer's Market!

There's one way to interpret this quote from a front page article ($) in today's Wall Street Journal:

Stuck with a growing glut of foreclosed houses, banks and investors are shedding them at increasingly steep losses, potentially adding to the banking industry's red ink this year.

Banks are selling foreclosed homes in some cases for less than half the price they fetched two or three years ago. The cuts are coming as the U.S. banking sector, slogging through its worst crisis in decades, bites the bullet out of fear that prices will keep falling.

Of course some of those homes had doubled in price over a couple of year's time so they're really just settling back down to reality. Regardless, it's becoming a home buyer's market! Those who were priced out of homes a couple of years ago or were prudent in saving up money for a home are now going to be able to reap the benefits!

Related to this is an article I found on the DrudgeReport: One Third of New Owners Owe More Than House Is Worth. Woe to those who purchased their homes with silly loans that are resetting right about now.

Best Buy will start selling the iPhone on ... [IPhone]

Best Buy will start selling the iPhone on September 7th, making it the only retailer other than Apple and AT&T to offer the device. [Associated Press]

Rove defends McCain's Lobbyist friends by saying Obama has them too…yea, right!

  Rove tries to defend McCain's lobbyist pals on H&C with his typical "Obama has them too," routine. Colmes does a good job of pointing out the fact that McCain used to be a maverick when it came to lobbyists, but not anymore. And he didn't forget about naming Rick Davis either.

video_wmv Download | Play video_mov Download | Play (h/t Heather)

Colmes: You have John McCain come out hard against Russia, his chief foreign policy advisor got lobbyists money.  John McCain has talked about not taking lobbyist money and being a different kind of candidate back when he was a maverick. And then now he has all these lobbyists working for him.

 I wouldn't get in there and start throwing mud at McCain over lobbyists associations without then realizing what kind of lobbyist associations there are among Democrats, particularly among congressional Democrats.

I think McCain is running for president and not the congress. Rove tries to say that Obama has plenty of them working for his campaign like McCain, but of course that's false. We've posted many stories on C&L about McCain's Army of Lobbyists. Here are but a few:

The John McCain Institute of Lobbyists

McCain Campaign Manager's Alleged Russian Mob Ties

McCain Caught Off-Guard About Campaign's Lobbyist Problems

McCain makes a distinction between good lobbyists and bad

And of course this big one: McCain: The Anti-lobbyist just loves lobbyists

   Now the Washington Post follows that up with this:

In McCain's case, the fact that lobbyists are essentially running his presidential campaign — most of them as volunteers — seems to some people to be at odds with his anti-lobbying rhetoric. "He has a closer relationship with lobbyists than he lets on," said Melanie Sloan of Citizens for Responsibility and Ethics in Washington. "The problem for McCain being so closely associated with lobbyists is that he's the candidate most closely associated with attacking lobbyists."

Public Citizen, a group that monitors campaign fundraising, has found that McCain had more bundlers — people who gather checks from networks of friends and associates — from the lobbying community than any other presidential candidate from either party. By the group's current count, McCain had at least 59 federal lobbyists raising money for his campaign, compared with 33 working for Republican Rudolph W. Giuliani and 19 working for Democrat Clinton..read on



naked capitalism: Quelle Surprise! Banks Taking Big Losses on Real Estate Disposals

naked capitalism: Quelle Surprise! Banks Taking Big Losses on Real Estate Disposals
Remember a few months ago a big secret in plain sight was that many banks were awfully slow about foreclosing on deadbeat homeowners. Some of this was arguably not due to gameplaying but a function of overloaded servicing departments that were understaffed and backed up. But in many cases, the belief was that the delays were by design. Banks didn't want to report higher levels of real estate owned (REO) which is where the homes wind up if no one offers more than the mortgage balance at the foreclosure auction. Some banks also may have preferred to keep homeowners in place, since a vacant property deteriorates and depresses values in the 'hood. And some chose to present their strategies to flatter their financials as a benefit to homeowners, as Wells Fargo did last quarter in changing its foreclosure policies (and related accounting) to extend the process.

But the day of reckoning nevertheless eventually arrives. In this case, it is taking the form of banks having to unload increasing amounts of real estate, most often in markets that are continuing to deteriorate.

One thing that has surprised me about this housing market is that while there is decent data (given that real estate is local) on house price trends, there has been surprisingly little discussion, at least in the MSM and major blogs, of loss severities on foreclosures. Admittedly, banks probably don't want to 'fess up to how bad things are, but this is such an important element of the equation that I am surprised that it gets far less attention than it deserves (hint: anyone with knowledge is encouraged to speak up).

Losses are a function of home price appreciation (click to enlarge):



Now look at how high the losses are with merely 3% annual home price appreciation. Imagine what the losses look like with falling home prices.

Yet even the grim numbers reported in today's Wall Street Journal seem better than what is implied by the chart above. Why? Probably because the houses that are selling out of REO are the ones that can be sold. We've heard stories of subdivisions in Cleveland being plowed under for farmland. That's extreme, of course, but it isn't hard to imagine that in some areas, the houses that don't sell readily will eventually go for very distressed prices, potentially for as little as the value of the improved land.

The Big Picture | NAR Housing Affordability Index is Worthless

The Big Picture | NAR Housing Affordability Index is Worthless

The monthly update to the NAR Housing Affordability Index gets released Thursday morning (August 14), as well as the Quarterly Housing Affordability Index for First-time Buyers.

Some people seem to think this index is meaningful. Over the past month, I have received numerous emails explaining to me how "affordable" Housing has become, most notably via this index.

To determine as to whether that was true or not, we looked more closely into the Housing Affordability Index (link, or AFFDCMOM on your Bloomberg terminal) -- its methodology, what it contains and in particular, what it omits.

Our conclusion? The index as presently constructed is utterly worthless. It provides little or no insight into how affordable US Housing actually is. Further, what is omitted from the index is especially relevant to the problems occurring in the housing market today. The Index fails to account for -- or even recognize -- any of the out of the ordinary circumstances that are currently bedeviling the Hosuing market.

Affdcmom_2Consider the red line in the nearby chart (click for larger graphic). That is the NAR HAI rating of "100" -- what the NAR states as their baseline measure of affordability. As hard as this might be to imagine, it shows that over the course of the biggest run up in housing prices in American history, the Index remained perfectly affordable. Except for one monthly reading of 99.55 in late 2005 -- a smidge below 100 -- housing never dipped into the level of unaffordable over the entire giant housing boom.

This is mind bogglingly astonishing. If the affordability index failed to show housing was unaffordable during 2005-06, when would it ever show that?

Given this rather extremely dubious conclusion, we simply had to look at how the Index was composed, to see if we can figure out where it went so terribly astray. We conclude that the index is overly simple, that it fails to include many key factors of the current financial crisis. The index ignores factors like family savings rates, available cash assets, consumer credit, indebtedness, credit servicing obligations inflation, income gains, and mortgage availability.

These are crucial factors impacting the current housing situation. Hence, why today's missive will caution you against putting any weight whatsoever on the NAR Housing Affordability Index. It is, to be blunt, without any value at all.

After Returning From Four Days At The Olympics, Bush Criticizes Congress’s ‘Vacation

After Returning From Four Days At The Olympics, Bush Criticizes Congress's 'Vacation'

bushflag3.jpgYesterday, after meeting with an oil industry front group, President Bush rebuked the congressional leadership for taking a "vacation" without holding a vote on offshore oil drilling:

Last month I acted and I lifted an executive branch restriction on offshore oil exploration. And then I called on Congress to join me and…end the legislative ban. Unfortunately, the Democratic leadership in Congress decided to go on a five-week vacation, a recess, rather than act on behalf of the American consumer.

Bush's dig at Congress for being on vacation is ironic, as he rivals Ronald Reagan for the title of "presidential vacation-time record holder." Some highlights of Bush's time away from the office:

– Attended 95 sports-related events.

– Made 74 trips to his Crawford ranch, for a total of 466 days.

– Made 142 trips to Camp David, for a total of 450 days.

– Attended 327 fundraising events for Republican candidates and causes.

Over the course of his presidency, national catastrophes have taken shape while Bush has been on vacation. When he was in Crawford before 9/11, Bush ignored an infamous memo about an impending bin Laden attack. Similarly, Bush brushed off warnings of Hurricane Katrina in 2005 while at the ranch.

While congressional conservatives held political stunts on the House floor, Bush was kicking back at the Olympics. And as Russia invaded Georgia, Bush attended baseball, basketball, swimming, and softball games in Beijing, where he also made time for an hour of mountain-biking and playing beach volleyball with the U.S. team.

"I think the highlight was getting my picture taken with the teams," he reflected. The AP observed: "Bush was in the mood to talk sports, not policy":

busholympics3.jpg

Digg It!

WTF?! Father of Edwards Mistress Electrocuted Horses for the Insurance Money

Father of Edwards Mistress Electrocuted Horses for the Insurance Money

This is one of those stories that is so awful it makes you gasp, then bounce up and down, then hit the "send" button trying to tell everybody. So I'm telling you.

The woman John Edwards had his affair with has a bizarre past, including a father who electrocuted horses for the insurance money. I am not making this up.

First, a little background. Before she took the more exotic sounding name Rielle Hunter, Edwards' mistress was good ol' Lisa Jo Druck from Ocala, Fla. known in this state as horse country. There are ranches outside Ocala worth more than the average Rolls Royce dealership. Lisa apparently grew up riding horses.

But wait, here's a warning. This is really bad. If you are an animal lover like me, don't read the last three paragraphs of the quoted material.

Warning. This is really bad. If you are an animal lover like me, you might want to skip the last part.

Hunter's father, James D. Druck, a successful Ocala lawyer representing insurance companies during the 1980s, was implicated in a scam that involved a local man, Tommy "The Sandman" Burns, who electrocuted horses for their owners to collect the insurance money. One of Burns' first victims was the show horse Lisa Druck rode, Henry the Hawk.

Burns said in a 1992 Sports Illustrated interview that James Druck showed him how to electrocute Lisa's horse using a stripped extension cord and a wall socket. Burns said Druck showed him the scam so Druck could collect $150,000 in insurance. Burns' arrest in 1991 drew national attention. Druck died of cancer in the Tampa area in 1992…

About the time Lisa Druck's horse died, Burns had already earned the nickname "Sandman," a term horse owners gave him because when he showed up at horse shows, invariably a horse would mysteriously die.

Burns and accomplice Harlow Arlie, both of the Chicago area, were held at the Alachua County jail after their arrest in Newberry, according to stories published by The Gainesville Sun.

Burns' choice of execution was electrocution because many veterinarians would wrongly determine the cause of death to be colic. That became a problem for Burns in 1991 when one horse owner couldn't get an animal insured for colic, so the owner asked Burns to break the horse's leg instead.

So, on the night of Feb. 2, 1991, Burns held the horse while his accomplice Arlie swung a crowbar into one of the animal's rear legs. The animal ran into the night screaming, falling onto its broken, dangling leg. The animal was euthanized when a veterinarian was called by the horse's owner.

The two men were sentenced in Alachua County Circuit Court. Both pleaded guilty or no contest to animal cruelty and insurance fraud and received jail sentences, according to Sun file stories.

Take a deep, cleansing breath.

Lisa went on to drop out of college and end up in New York where her exploits earned her a place in modern fiction, thanks to author Jay McInerney. And then she was introduced to John Edwards…

Tuesday, August 12, 2008

HHS Sec. Leavitt Tries to Define Contraception as Abortion, Then Pretends He Didn't | Reproductive Justice and Gender | AlterNet

HHS Sec. Leavitt Tries to Define Contraception as Abortion, Then Pretends He Didn't | Reproductive Justice and Gender | AlterNet: "Playing dumb can't hide the fact that a new regulation would seriously limit access to contraception."

Health and Human Services Secretary Michael Leavitt acknowledges in his second blog post on the issue, that traffic has increased on his blog as people respond with concerns to the HHS proposal that redefines contraception as abortion.

Readers will recall that when the draft regulation was first leaked, RH Reality Check experienced our highest traffic weeks, Speaker Nancy Pelosi's web site actually crashed, and many sites saw increased readership. In his first post on the topic last week, Leavitt attempted to redirect the conversation away from contraception, claiming a redefinition of contraception as abortion was not his or the draft regulations' intent.

In his second blog on the issue, posted yesterday, the word contraception doesn't even appear. As is often the case with anti-choice politicians, Leavitt only wants to talk about abortion to stir people's emotions. Leavitt quotes Mary Jane Gallagher, President of the National Family Planning and Reproductive Health Association, writing:

So, according to Ms. Gallagher's ideology, if a person goes to medical school they lose their right of conscience. Freedom of expression and action is surrendered with the issuance of a medical degree.

No Secretary Leavitt, what Ms. Gallagher was talking about was medical ethics, not ideology. In my post last week, I quoted Jon O'Brien, President of Catholics for Choice:

While some have pointed to Catholic teaching to support the imposition of ever-more restrictive refusal clauses, they do not reflect the Catholic position. Catholic teaching requires due deference to the conscience of others in making decisions--meaning that health-care providers must not dismiss the conscience of the person seeking care. If conscience truly is one's "most secret core and his sanctuary [where] he is alone with God, whose voice echoes in his depths," as the Catechism states, how can anyone, or any institution for that matter, justify coercing someone into acting contrary to her or his conscience?

The goal of any reasonable conscience clause must be to strike the right balance between the right of health-care professionals to provide care that is in line with their moral and religious beliefs and the right of patients to have access to the medical care they need. Within the field of medical ethics, the accepted resolution to a conflict of values is to allow the individual to act on their own conscience and for the institution (the hospital, clinic or pharmacy) to serve as the facilitator of all consciences.

The question, Sec. Leavitt, is not about people checking their beliefs at the door. Medical ethics and morality dictate that it is the patient, the person in need of help, sometimes in crisis, whose conscience and beliefs matter in the moment they are seeking health care services. Medical professionals who have a problem dispensing contraception should not choose professions where they will be asked for contraception, or as a commenter on another blog wrote, "if this is about people living their religious convictions, then they should have enough faith not to choose work that conflicts with their convictions." There is plenty demand for medical professionals in fields in which practitioners will never come in contact with people seeking contraception.

But this isn't about any individual's right to refuse service, as the Secretary suggests. As Leavitt demonstrates in his second blog, the politics of abortion are not new to him, he knows how to play the game. Congress won't be taking up any more legislation of significance, and the clock is ticking on the Bush Administration. The only thing left for the Bush Administration to do on abortion will be done from HHS through rules and regulations. Leavitt knows it, knows how to play it, and is spinning wildly without addressing the very serious threats to preventing abortion through access to contraception that these regulations pose.

One would think that recent reports of the high rate of abortion in New York, linked to that fact that too many women do not have the information about how to obtain access to contraception, would underscore the importance of contraception as a means of reducing unintended pregnancy. But by genuflecting to ideology over prevention in order to allow a medical professional who believes contraception terminates, rather than prevents, a pregnancy, to refuse services to a couple who want to use contraception to plan their family -- Leavitt demonstrates clearly that the anti-choice movement is not about preventing abortion.

The only thing a refusal clause does is elevate one set of beliefs over another, and allow that judgment to be delivered in a medical setting where one person is seeking help from another who has received special training in science. The patient did not come to the pharmacist seeking spiritual counseling, and likely has her own place of worship. The patient/customer did not come for a scolding from a stranger, or to be stigmatized. She came for a prescription, and unless the pharmacy is operated and advertised as "Preacher Bill's Pharmacy, where we pick and choose which medical science we believe in," then there is a reasonable expectation that any physician's prescription should be honored.

In parts of the country in which Catholic hospitals have taken over small rural hospitals and there aren't any others around for hundreds of miles, concerns about the availability of emergency contraception for rape victims and others in crisis has already been raised. From Princeton's web site on emergency contraception:

It can be difficult, if not impossible, to get emergency contraceptive pills (sometimes called "morning after pills" or "day after pills") at a Catholic hospital in the United States. That's because the medical care in these facilities is governed by the Ethical and Religious Directives for Catholic Health Care Services, guidelines developed by the United States Conference of Catholic Bishops based on Church teachings that prohibit using artificial contraception. As a result, the Directives essentially ban Catholic hospitals from providing emergency contraception to a woman whose birth control failed or who didn't use contraception during consensual sex.

If you have been raped, however, a Catholic hospital might be able to provide emergency contraceptive pills to help you prevent pregnancy. Directive 36 seems to allow providing emergency contraception to "a female who has been raped to defend herself against a potential conception from the sexual assault . . . if, after appropriate testing there is no indication she is pregnant." It does not say how to determine if conception has occurred and, since emergency contraception might sometimes prevent implantation of a fertilized egg (which happens after conception), Catholic hospitals still have to interpret the Directives and decide if they can provide emergency contraceptive pills to a woman who has been raped. In one recent survey, roughly one-third of the Catholic hospitals in three states were not complying with state laws that require making emergency contraception available to women who have been raped. (You can get more information about Catholic hospitals and contraception from Catholics for a Free Choice, which commissioned the survey.)

After a woman has been raped Catholic hospitals "might" help.

If there is that much doubt about how to help a person in crisis, even at a Catholic hospital where beliefs are supposedly rock solid (and should default to helping the woman in crisis), how in the world do we expect HHS bureaucrats to write a clear regulation for Americans of all beliefs?

In situational medical ethics, it is the person in crisis or need of specialized service whose conscience takes precedence. Pacifists do not volunteer to serve in the military, they live their convictions by living a peaceful life. War rages on. Vegans do not eat or wear anything that has ever been alive, they live their convictions with the choices they make every day; beef and leather goods are still chosen by others and only a radical few will make a fuss about that. Monks and other religious seekers take vows that require them to constantly come up against the parts of the material world that others have chosen for themselves, not to condemn others, but as a spiritual test for the path the monk chose, the life s/he is pledged to, the journey her/his soul is on.

That is conviction. That is conscience. No one refusing or renouncing anything other than for themselves and the choices they are making for their lives. Most people of faith believe they should use their lives as an example for others to follow, not as a bludgeon to beat people down with.

People must recognize the world as it is and that each person here gets to make their own choices. What Sec. Leavitt is doing has nothing to do with operating in the real world -- it is about using what time he has left in office to elevate one person's ideology over another's choice, and to further divide the nation by using the issue of abortion and ideology, as opposed to working together on education, prevention and accepted medical science.

Question Two

Now that Sec. Leavitt has engaged his blog on substantive issues of the day, I'm hoping he will take time to answer part two of the question I asked him in person at the Kaiser Family Foundation forum on health care blogging. Because the two were bound together, I'll restate the entire question here, hoping he will soon blog about the end run his department is attempting on Title V abstinence-only grants.

Mr. Secretary, thank you for being here and sharing your thoughts about blogging. I'm hoping you'll engage a policy question to give us something to blog about. Within the past two weeks, two highly charged issues have surfaced from HHS: a leaked memo redefining some contraceptive devices as abortion; and a waiver of the annual application for Title V abstinence-only programs.

The former will substitute an ideological and political definition of when pregnancy begins for the medical judgment of the American Medical Association and the American College of Obstetricians and Gynecologists. The latter will, for the first time, ignore Congress' reluctance to make abstinence-only programs permanent -- they have had 19 short-term extensions, and Speaker Pelosi said last week that with a stronger majority in Congress it will end. This effort potentially ties the hands of the next administration and promises states money that has not been authorized.

1) Will it be HHS policy that the 98 percent of Americans who use contraception at some point in their lives are terminating rather than preventing pregnancy?

2) Can you explain why this grant period should be treated differently than the previous 19 short-term extensions for abstinence-only programs?

Looking forward to your reply, Mr. Secretary.

© 2008 RH Reality Check All rights reserved.
View this story online at: http://www.alternet.org/story/94815/

Rape in the Military: Members of Congress Accuse Pentagon of Cover-Up | Reproductive Justice and Gender | AlterNet

Rape in the Military: Members of Congress Accuse Pentagon of Cover-Up | Reproductive Justice and Gender | AlterNet: "Pentagon official doesn't show up at a hearing on sexual assault in the military despite a subpoena; Congressmembers accuse DoD of a cover-up."

The video below shows Congress taking on the Department of Defense in the first oversight hearing held this year by the subcommittee on National Security and Foreign Affairs on sexual assault in the military. Dr. Kaye Whitley, Director of Sexual Assault and Prevention and Response Office (SAPRO) failed to show at the hearing despite being subpoenaed. Her "no show" left some members accusing the DOD of a cover-up.

http://link.brightcove.com/services/link/bcpid1463341016/bctid1704031033

KBR/Haliburton Worker Raped, Locked in Shipping Container | PEEK | AlterNet

KBR/Haliburton Worker Raped, Locked in Shipping Container | PEEK | AlterNet

KBR, the defense contractor doing a lot of heavy lifting in the upholding of our occupation of Iraq, has banned the use of personal cell phones by its employees. KBR and its previous parent company Halliburton are notorious for many things. One of those things is the rape and cover up of rape committed by its male employees against its female employees.

How are the two related? Well, the first and most widely-known woman to come forward with an allegation of rape and cover up is Jamie Leigh Jones. Jones was gang raped by her coworkers, then locked inside of a shipping container for days in order to prevent her from reporting the attack. The Justice Department never brought charges against her assailants, and extremely important evidence in the case was "lost" by KBR. But the relevant part is how Jones escaped: through the use of a cell phone. A "sympathetic guard" loaned the phone to her, which she used to call her father in the United States. Her father subsequently called his congressperson, who ended up securing Jones' release. If that "sympathetic guard" (you know, the one who didn't set her free) hadn't handed her that cell phone, god only knows where Jamie Leigh Jones would be today. But it just might not be alive, let alone acting as a major anti-rape and anti-KBR activist.

So. KBR employee is raped by her coworkers and then kidnapped and held prisoner. Employee secures her release through use of a personal cell phone. KBR doesn't really give a shit about any of it. Employee makes a lot of noise about the incident, making KBR look really bad, even if not actually impacting the company financially. KBR bans personal cell phone use.

Now, whether or not Jones' case and the number of similar allegations of rape and cover up that have come to light directly led to the ban of cell phones, we do not know. KBR isn't talking, and only says that the ban is related to "a safety and security concern."

But clearly, the safety and security of its female employees is not a concern. Maybe there was a valid safety and security concern that led to the ban. Or maybe "safety and security concern" means "the safety and security of our government contracts and image." Looking at KBR's long, repulsive history in this area, I tend to lean towards the latter, and I'm far from being the only one.

But let's assume for a moment that KBR's decision to ban cell phones has absolutely nothing to do with Jones' case and others like it. Let's be extraordinarily generous and pretend that their goal is not to prevent more rape victims from reporting the attacks perpetrated against them or speaking to loved ones about their rapes and rapists. Doesn't matter. Even if KBR was not intentionally trying to stifle rape victims and put them in even more danger, I don't give a shit, because that's the end result we're looking at. It will give the large number of victims one less recourse to ensure their safety. It will further isolate them from everyone outside of the company, leaving them with little to no support in a hostile climate. And it will embolden rapists within KBR, as if they needed that extra help. At this point, Jamie Leigh Jones' story is well-known, and one has to assume that this is particularly the case within KBR. What exactly is stopping rapists from trying the whole thing all over again -- now that they know there will be no real consequences for their actions, and even if their were, they're now less likely to get caught in the first place?

If nothing else, best case scenario, this move shows KBR's incredibly callousness towards rape survivors, its indifference if not promotion of its corporate rape culture, and its total obliviousness to the consequences of its own actions.

But KBR long ago gave up its right to be given the benefit of the doubt. So I still think it shows that when it comes to rape cover up, KBR knows what the hell it's doing, and knows that no one will even bother trying to stop them.

Cara is a 22 year old feminist and liberal with a BA in English, Text and Writing. She works as the volunteer Fundraising Intern at her local Planned Parenthood affiliate. She lives in Upstate NY with her Australian husband and their bratty cat.

© 2008 Feministe All rights reserved.
View this story online at: http://www.alternet.org/bloggers/http://www.feministe.us/blog//94410/

Did The White Sox Just Win The Central?

Did The White Sox Just Win The Central? [MLB]

So the White Sox lost Jose Contreras for the season on Saturday in a loss to Boston, falling out of first in the Central. That made Sunday's contest somewhat more than your run-of-the-mill game. And Chicago's 6-5, come-from-behind win over the Red Sox just may have put them back into first place for good. Why? Give credit to the Republicans, who obviously hate the Twins.

With 41 games remaining in the regular season, the White Sox have 19 at home — where they're 21 games over .500 — and 22 on the road. The Twins have 18 home games remaining, and 24 on the road. That includes a stretch of 14 straight away games from Aug. 21 through Sept 4, due in large part to the Republican National Convention, which takes over Minneapolis-St. Paul Sept. 1-4.

Minnesota only trails Chicago by a half game right now. But for a team hovering near first place, the Twins have been terrible on the road; 26-31. And the White Sox are a tremendous home team at 39-18. So put your money on Minnesota at your own peril.

Carlos Quentin and Jim Thome each had two-run homers in the third to pace the White Sox on Sunday. It was league-leading No. 32 for Quentin. Meanwhile, Minnesota lost to the Royals, 5-4, in 12 innings.

"Every time you have a bad game," manager Ozzie Guillen said, "and you bounce [back] the way we bounced today — especially when it's 3-0 before you even take the field — I think that was a great comeback. I think everybody did what they were supposed to do."

Mike Lowell's three-run homer off Gavin Floyd on an 0-2 count in the first had given the Red Sox a 3-0 lead.

Quote of the day from Floyd: "Oh my gosh, I feel like I put some menthol shampoo on and it's cooling my head down," he said. "The pressure's off now, I've got no hair, so just focus on Oakland."

McCain Camp Lies About Nevada Nuclear Waste Dump - from http://www.jedreport.com/2008/08/mccain-campaign.html



McCain Camp Lies About Nevada Nuclear Waste Dump

On Saturday, the Obama campaign released a new ad criticizing John McCain's support for turning southern Nevada's Yucca Mountain into the nation's nuclear waste dump.

This is a huge issue here in Nevada, and McCain is on the wrong side. His support for Yucca will almost certainly cost him the state in November.

So how is McCain responding to the new ad? Simple -- he's doing the only thing Bush Republicans know how to do: he's lying about Barack Obama's record.

Through the GOP, the McCain campaign is now claiming -- entirely falsely -- that Barack Obama actually supports dumping nuclear waste at Yucca Mountain. Their evidence? Two votes from 2005 which funded energy and water programs throughout the nation.

But even though these votes approved some funding for programs at Yucca Mountain, they were not votes in favor of the project.

Indeed, both Nevada senators -- each of whom strongly oppose Yucca -- voted for the legislation (roll calls #172 and #321 in 2005).

Ironically, McCain voted against one of the bills and for the other. So by his own logic, I guess that means John McCain was against dumping waste in Nevada before he was for it.

::: :::

Update - Here's the Obama ad criticizing McCain for supporting the nation's nuclear waste at Yucca Mountain:


YouTube link

And here's local coverage of McCain's June 25 visit to Nevada during which he was dogged by the Yucca issue:


YouTube link


Cheney to attend fundraiser for congressman caught with prostitute

Cheney to attend fundraiser for congressman caught with prostitute.

Channel 10 News in San Diego reports that Vice President Dick Cheney attend a fundraiser for Rep. Ken Calvert (R-CA) tomorrow and "will also deliver an address at a reception for Rep. Calvert at a private residence in San Clemente." CREW named Calvert one of the "22 most corrupt members of Congress," as he has a number of ethical improprieties:

– Made huge profits for himself and his personal firm off his own earmark.

– Rewarded K Street firm under federal investigation with pork projects.

– In July 2007, a grand jury said the sale of four acres of public land to Calvert and his investment partners in 2005 violated California state law.

– Traveled to Saudi Arabia with convicted Rep. Randy "Duke" Cunningham in 2004.

In 1993, Calvert was caught by police with a prostitute in a parked car in California and tried to drive away from the scene. "We're just talking, that's all," he told police as he "continued to cover his unzipped pants with his hand," according to a police report.

McCain Plaigiarized WikiPedia on Georgia and Foreign Affairs

McCain's only possible strength after the beating our country has taken on the home front in the past eight years is his alleged foreign policy experience and smarts. If his campaign doesn't know enough about foreign policy to avoid cribbing from Wikipedia, how the hell is his administration going to know?

US Spreads Cash Around Iraq Without Oversight

A U.S. program that puts cash in soldiers' hands to distribute to needy Iraqis for short-term help has spent $2.8 billion, including at least $1 billion on large-scale, long-term projects with poor oversight. "This was to help our troops fight the counterinsurgency and to help civilians get on their feet," said Sen. John Warner (R.-Va.). "It is looking like it is a bank for development."

j

Monday, August 11, 2008

The Bush Administration’s Plan To Make The Endangered Species Act Extinct

The Bush Administration's Plan To Make The Endangered Species Act Extinct

ap060427022458.jpg Today, the AP reports on new draft rules being proposed by the Bush administration to gut the Endangered Species Act. This would be the biggest change to the groundbreaking legislation since 1988, and would not require the approval of Congress.

Currently, federal agencies are required to consult with an independent agency — the Fish and Wildlife Service (FWS) or the National Marine Fisheries Service — to determine whether a project would harm an endangered species. The AP reports that under the new rules, agencies would simply be able to "decide for themselves":

The Bush administration wants federal agencies to decide for themselves whether highways, dams, mines and other construction projects might harm endangered animals and plants. New regulations, which don't require the approval of Congress, would reduce the mandatory, independent reviews government scientists have been performing for 35 years, according to a draft obtained by The Associated Press.

The draft rules also would bar federal agencies from assessing the emissions from projects that contribute to global warming and its effect on species and habitats.

This measure mirrors legislation proposed in 2005, by then-Rep. Richard Pombo (R-CA), a close ally of Jack Abramoff. Pombo proposed weakening the Endangered Species Act. Among other measures, Pombo's bill would have eliminated review by the FWS or the Fisheries Service, allowing agencies to pursue unspecified "alternative procedures." Pombo's GOP-majority House cleared his bill, but it failed to go anywhere in the Senate. Bush is now bypassing Congress to push the legislation forward before he leaves office.

The Bush administration has been attempting to bypass or kill the Endangered Species Act for years. Recently, Homeland Security Secretary Michael Chertoff used his power to waive federal laws, including the Endangered Species Act, in order to expedite building the U.S.-Mexico border fence. Unclear if the new rules are the doing of Vice President Cheney, who has been maneuvering increased control over environmental policies.

The Bush Administration’s Plan To Make The Endangered Species Act Extinct

The Bush Administration's Plan To Make The Endangered Species Act Extinct

ap060427022458.jpg Today, the AP reports on new draft rules being proposed by the Bush administration to gut the Endangered Species Act. This would be the biggest change to the groundbreaking legislation since 1988, and would not require the approval of Congress.

Currently, federal agencies are required to consult with an independent agency — the Fish and Wildlife Service (FWS) or the National Marine Fisheries Service — to determine whether a project would harm an endangered species. The AP reports that under the new rules, agencies would simply be able to "decide for themselves":

The Bush administration wants federal agencies to decide for themselves whether highways, dams, mines and other construction projects might harm endangered animals and plants. New regulations, which don't require the approval of Congress, would reduce the mandatory, independent reviews government scientists have been performing for 35 years, according to a draft obtained by The Associated Press.

The draft rules also would bar federal agencies from assessing the emissions from projects that contribute to global warming and its effect on species and habitats.

This measure mirrors legislation proposed in 2005, by then-Rep. Richard Pombo (R-CA), a close ally of Jack Abramoff. Pombo proposed weakening the Endangered Species Act. Among other measures, Pombo's bill would have eliminated review by the FWS or the Fisheries Service, allowing agencies to pursue unspecified "alternative procedures." Pombo's GOP-majority House cleared his bill, but it failed to go anywhere in the Senate. Bush is now bypassing Congress to push the legislation forward before he leaves office.

The Bush administration has been attempting to bypass or kill the Endangered Species Act for years. Recently, Homeland Security Secretary Michael Chertoff used his power to waive federal laws, including the Endangered Species Act, in order to expedite building the U.S.-Mexico border fence. Unclear if the new rules are the doing of Vice President Cheney, who has been maneuvering increased control over environmental policies.

various headlines

FreeCreditReport.Com Misleads Consumers

Consumerist: FreeCreditReport.com is not actually free, nor is it related to AnnualCreditReport.com, the free credit report that you are entitled to under federal law. So why are people still being tricked into signing up for a credit monitoring service in order to get something that they are entitled to under federal-freaking-law?

McDonald's Charges More For Sweet Tea With Anything Less Than A "Full" Cup Of Ice [No Ice]

Reader Greg had his first run in with the notorious "no ice" fee, something we've been hearing about more and more lately. This time the culprit was McDonald's and they got around the "Ok, fine. I'll just have one cube of ice" tactic with a sign that specified a "FULL" cup of ice. Clever, McDonald's. Very. Clever.

Apple can remotely disable App Store applications

Apple can remotely disable App Store applicationsIn an interview with the Wall Street Journal, Apple CEO Steve Jobs has confirmed that the company can remotely disable software purchased from the App Store.

Jobs said the mechanism was necessary because Apple may inadvertently allow malicious programs to be sold through the App store and those programs could steal user's personal data.

"Hopefully, we never have to pull that lever, but we would be irresponsible not to have a lever like that to pull,"
Jobs said in the interview.

Last week hacker Jonathan Zdziarski first discovered that the iPhone periodically checks back with a specific Apple web page which then sends back data of which applications should be removed.

"The idea that Apple can choose what functionality my applications should have frightens me," he said.

Although the mechanism can be disabled using the Pwnage Tool, the functionality still raises privacy issues that should not be an issue in the first place.


Veto Threat on Funding For Low-Income Heating Assistance Ignores Serious Need, 8/11/08

Veto Threat on Funding For Low-Income Heating Assistance Ignores Serious Need, 8/11/08

From the Center on Budget and Policy priorities:

By Heather Long and Richard Kogan

The Senate recently considered a bill (S. 3186) to provide $2.5 billion in additional funding for the Low Income Home Energy Assistance Program (LIHEAP) to offset the sharp rise in energy prices this winter. President Bush, however, has threatened to veto the bill, arguing that the additional funding is not needed and that the bill would increase the deficit.

Data on rising energy prices sharply contradict the President’s claim that current LIHEAP funding is sufficient. Without additional funding, large numbers of low-income Americans will suffer extensive hardship this winter. As for the deficit, the White House’s inconsistency on this point is striking: the President complains that a $2.5 billion bill providing energy assistance to poor families will unacceptably enlarge the deficit, yet he opposes efforts in Congress to offset the cost of $64 billion in requested tax-cut extensions; instead, the $64 billion would be added to the deficit.

LIHEAP has bipartisan support from state governors and in Congress, where the recent Senate bill had 52 co-sponsors, including 13 Republicans. Congress and the President need to act on LIHEAP when they return in September.

Home Energy Costs Up 40 Percent This Coming Winter

LIHEAP currently helps 5.8 million poor households, including many elderly, pay their home heating and cooling bills and thereby avoid utility shutoffs. Generally LIHEAP pays only a portion of a household’s monthly heating bill; the household pays the rest. Partly because of funding limitations, LIHEAP assists fewer than one in six low-income households eligible for assistance.

LIHEAP assistance will prove especially critical this winter, given the recent explosion in home heating prices. For a typical LIHEAP recipient, home heating this winter will cost 40 percent more than last winter, 60 percent more than two winters ago, and 90 percent more than four winters ago.[1] But without additional funding to compensate for this year’s increases in energy costs, state LIHEAP programs will have to make the difficult choice between serving fewer households (even though the number of households in need is rising), paying a smaller share of each recipient household’s home energy bill (even though those bills are much higher now), or some combination of the two.

Additional $2.2 Billion or More Needed to Prevent Increased Hardship

Congress has authorized $5.1 billion per year in LIHEAP funding but has never provided this full amount. The fiscal year 2008 funding level is $2.6 billion, a modest increase above the $2.2 billion provided in 2007. For fiscal year 2009, LIHEAP would need $3.4 billion in funding simply to provide the same number of low-income people with the same degree of assistance (measured as a share of their energy bills) as it did last year.

Moreover, even a funding level of $3.4 billion would not prevent substantial hardship. The added funding would suffice only to offset LIHEAP’s share of the 40 percent increase in home heating costs this winter; the household’s share would still rise by 40 percent. To cover both LIHEAP’s and the household’s share of the increase in energy prices so that poor LIHEAP households do not face unaffordable home energy bills this winter, LIHEAP would need $4.8 billion for fiscal year 2009, an increase of $2.2 billion over the 2008 level.[2]

To give an example, the typical poor LIHEAP household was billed about $1,100 for home energy last season, according to the National Energy Assistance Directors’ Association. Of that amount, LIHEAP paid an average of 37 percent ($407), while the household paid the rest ($693). A 40 percent ($440) increase in home energy costs this winter would bring the household’s total bill to $1,540. If LIHEAP’s payment increased by 40 percent to $570, the household’s payment would also have to increase by 40 percent, to $970. Given their poverty, many households could have difficulty paying these higher costs. To keep the household’s home energy costs from rising, the LIHEAP payment would need to cover the full $440 increase in the home heating bill, by increasing from $407 to $847.

It also should be noted that even at a $4.8 billion funding level, LIHEAP would serve a smaller share of the population needing home heating assistance than it did last year. One reason is that the number of low-income households is rising as the economy weakens and jobs disappear. (The U.S. economy has shed more than 400,000 jobs so far this year.) Another reason is that some low-income families who were able to pay their home energy bills in past winters will not be able to do so this winter because of the rise in energy prices.

The White House’s Flawed Arguments Against Additional Funding

In arguing that LIHEAP does not need additional funding this fiscal year, the President has noted that the program still has $100 million remaining in contingency funds for the year. But this amount is well short of the additional $2.2 billion or more we estimate is needed to prevent increased hardship this winter.

The President has also objected to more LIHEAP funding on the grounds that it would add to the deficit. Yet the President recently signed into law $115 billion in supplemental funding for the Iraq war and other emergency needs, and he continues to request another round of Alternative Minimum Tax relief costing at least $64 billion while insisting that those costs not be offset. Both of these requests add much more to the deficit than the needed LIHEAP increase.

Moreover, additional LIHEAP funding can easily fit within Congress’s current budget resolution, which set aside $5.0 billion for additional needs in 2008.

Congress Needs to Act in September to Ensure Adequate Help This Winter

Congress is on course to enact a continuing resolution in September that will fund appropriated programs through February or March, generally at last year’s funding levels. Freezing LIHEAP funding through most of the winter — as a continuing resolution would normally do — would impose serious hardship on millions of vulnerable families.

Congress consequently needs to act this fall to provide sufficient LIHEAP funding to protect low-income households from steep increases in home energy costs this winter. It could do so either by enacting separate legislation (such as the recent Senate bill) or by increasing the LIHEAP funding portion of the continuing resolution well above a “freeze level.”


End Notes:

[1] These figures are based on Department of Energy historical data and its recent projections of energy prices, as well as the typical home energy needs of LIHEAP recipients.

[2] This $4.8 billion figure assumes that only four-fifths of LIHEAP funding will cover home energy payments. The remaining one-fifth covers administrative costs and weatherization. Price increases in these latter areas may be about 3 percent this year, in line with non-energy inflation.

t r u t h o u t | Halliburton's Hidden Treuhand

t r u t h o u t | Halliburton's Hidden Treuhand

Halliburton takes advantage of a European loophole that lets corporations hide beneficiaries and assets.

Little is known of a customary European legal practice that offers corporations and individuals an opportunity to profit from assets while maintaining complete anonymity of the beneficiary's identity. This practice is referred to as "Hidden Treuhand" in the English language. The practice of Hidden Treuhand submits to legal local customs in Austria, Germany, Liechtenstein, Luxemburg and Switzerland, but due to globalization, has moved beyond European borders via corporations and individuals, who put it to personal use.

The practice of Hidden Treuhand is relevant and unregulated. More and more, the relevant practice of Treuhand is used in hiding an asset owner's identity from the outside world. Assets, whether they are corporate shares or fixed assets, can be owned in secret. The personal income derived from these assets can also be kept secret from tax authorities. An example of how Hidden Treuhand facilitates tax evasion is part of the latest scandal where thousands of Germans evaded tax through the services of the LGT Treuhand Bank in Liechtenstein, using a combination of Treuhand and foundations to hide true owner identity of bank accounts.

Hidden Treuhands in Europe impact the lives of American citizens. Hidden Treuhands enable even American corporations to hide the identity of beneficiaries, assets and income. Halliburton has a Hidden Treuhand embedded in its Austrian subsidiary. It prevents transparency regarding corporate activities.

The lack of transparency creates special advantages for some, and consequences for others such as governments, competitors, stockholders and citizens. For example, a beneficiary can evade personal income tax, because the income derived from a hidden asset is not linked to the beneficiary. There is another advantage to Hidden Treuhands that borrows from the concept of a "trust." The "trust" concept allows for dividends to be removed. Money transferred to a subsidiary may be considered a dividend. By using a network of subsidiaries, favorable tax laws and banking secrecy, CEOs and insiders can profit without transparency. The Hidden Treuhand is an important aspect of what makes globalization so attractive to American and European corporations.

Given these attributes, it is alarming when a Hidden Treuhand is discovered in a subsidiary that is fully owned by Halliburton USA. Halliburton's Hidden Treuhand is evident in the firm's corporate records. Halliburton International GmbH was created in Austria in June of 1992, although another subsidiary, at the same address, was in existence in Austria since 1958. The new subsidiary, Halliburton International GmbH, has no apparent reasons for existing other than to house a Hidden Treuhand in its corporate structure, receive dividends from other subsidiaries and acquire other subsidiaries. This firm has no employees. It creates no income. Another company, Halliburton Company Austria GmbH, at the same address, could have equally performed whatever function this subsidiary has, but it has no Hidden Treuhand. The obvious conclusion is Halliburton USA needed a subsidiary with a Hidden Treuhand.

The Hidden Treuhand easily accomplishes tax evasion because dividends transferred to a subsidiary with a Hidden Treuhand can be anonymously distributed or used to purchase other holdings. For example, Halliburton International GmbH has acquired acquisitions in Russia and Kazakhstan that later disappear from the corporate records.

Halliburton attracts a certain limelight in connection with any Treuhand activities because of its link to a highly controversial war and Vice President Dick Cheney's earlier association with Halliburton. We would have expected all ties to his former employer to be have been severed when he took office to avoid a conflict of interest. The impenetrability of the Hidden Treuhand makes it impossible to know who else is involved beyond the CEOs listed on Halliburton International GmbH historic corporate data.

Dick Cheney claims to no longer own stock in Halliburton, but he was its chairman and CEO for five years, and either hired or promoted many of the executives now running Halliburton, or formerly involved with the subsidiary with the Hidden Treuhand in Austria. It is highly unlikely the chief executive officer, Dick Cheney, would be unaware of the Austrian subsidiary's existence, originally headed by the executive vice president and chief legal officer, Lester L. Coleman, of Halliburton International USA. But it is an absolute certainty Lester L. Coleman and all the other CEOs listed on Halliburton International GmbH corporate historic records do know of the subsidiaries existence and its Hidden Treuhand. It was the intention of these CEOs to set up a secret subsidiary in 1992 with a Hidden Treuhand embedded.

Perhaps more importantly, Halliburton's CEOs, listed in the corporate historic records of Halliburton International GmbH in Austria, should know Hidden Treuhands could be used to undermine American security by providing a means for financing terrorists. Currently, one of the strongest arguments the US and the OECD are using against banks, lawyers and Treuhand activities in Europe to combat tax evasion and money laundering is how these activities can be used to fund terrorism. The Iraq War is one portion of the overall strategy of the 'War on Terror' that also includes preventing any funding for terrorism. It takes little imagination to see the huge potential Treuhands facilitate: creating a means for terrorists and criminal organizations to conceal their true identities and motives and yet work openly in the capitalist system.

Halliburton's CEOs must be aware of the potential misuse of Hidden Treuhands, as they have not been particularly open about their own use of Hidden Treuhands to date. Halliburton simultaneously contracts to fight a "war on terror," while utilizing the same nontransparent mechanisms concerned authorities seek to prevent access to by terrorists. Faced with a conflict of interest, Halliburton CEOs demonstrate with their silence a willingness to protect their own interests, and doing so while we are at war with an enemy that works in the shadows.

The noncompetitive contract awarded Halliburton was orchestrated by Vice President Dick Cheney and backed by the Bush administration. This contract has afforded an estimated US$1.4 trillion to US$3 trillion of US taxpayer money to flow through the coffers of Halliburton, virtually unmonitored and fraught with accounting irregularities. The receiver of much of this US taxpayer money is Halliburton USA, its affiliates and subsidiaries. One of the subsidiaries, the Austrian subsidiary, is capable of dispersing any money sent to it to unknown persons, without a hint of transparency.

The Hidden Treuhand is more than just a means of profiting without transparency; it is a national security threat, whether wielded by al-Qaeda or Halliburton. If Americans were brought into a war based on a profit motive while we were supposed to be focused on alleviating the threat of terrorism, it could amount to treason. This risk should be given some credence and investigated. For this reason, Halliburton's corporate records were given to the US Internal Revenue Service. Maybe they will find something illegal, tax evasion for example, or maybe they will come back and say they found nothing illegal: The Hidden Treuhand is just a little bit naughty.

There is no transparency to a Hidden Treuhand, and, therefore, no means to identify the real benefactors. But the most important factor concerning a Treuhand contract is this: If a Treuhand contract is embedded in the corporate structure, then its sole purpose is to prevent the public from knowing the identity of the real stockholders. Who is calling the shots and who is benefiting is kept secret.

The "True Hands," the true benefactors' identity, is hidden from public knowledge; they remain anonymous and nameless in transactions, and that is the sole incentive for creating a Hidden Treuhand.

--------

Shelley Stark is the author of a forthcoming book, "The Hidden Treuhand: How Europe Offers US Corporations and Individuals an Opportunity to Hide Assets, Identity, and Income."

cryptogon.com » Archives » Put Options “Lotto” on Bear Stearns Collapse Paid Out More than $270 Million

cryptogon.com » Archives » Put Options “Lotto” on Bear Stearns Collapse Paid Out More than $270 Million

I watched another one pop, then, finally, I thought: “This is the scene of a crime for sure.”

Insider Crimes, Funny Money and Options Rackets

Via: Bloomberg:

On March 11, the day the Federal Reserve attempted to shore up confidence in the credit markets with a $200 billion lending program that for the first time monetized Wall Street’s devalued collateral, somebody else decided Bear Stearns Cos. was going to collapse.

In a gambit with such low odds of success that traders question its legitimacy, someone wagered $1.7 million that Bear Stearns shares would suffer an unprecedented decline within days. Options specialists are convinced that the buyer, or buyers, made a concerted effort to drive the fifth-biggest U.S. securities firm out of business and, in the process, reap a profit of more than $270 million.

Whoever placed the bet used so-called put options that gave purchasers the right to sell 5.7 million Bear Stearns shares for $30 each and 165,000 shares for $25 apiece just nine days later, data compiled by Bloomberg show. That was less than half the $62.97 closing price in New York Stock Exchange composite trading on March 11. The buyers were confident the stock would crash.

“Even if I were the most bearish man on Earth, I can’t imagine buying puts 50 percent below the price with just over a week to expiration,” said Thomas Haugh, general partner of Chicago-based options trading firm PTI Securities & Futures LP. “It’s not even on the page of rational behavior, unless you know something.”

The 57,000 puts that traded March 11 at the $30 strike price and the 1,649 that traded at $25 were collectively worth about $1.7 million, Bloomberg data show. Each put is equal to 100 shares of stock.

`Lottery Ticket’

“That trade amounted to buying a lottery ticket,” said Michael McCarty, chief options and equity strategist at New York-based brokerage Meridian Equity Partners Inc. “Would you buy $1.7 million worth of lottery tickets just because you could? No. Neither would a hedge fund manager.”

During the next four days, New York-based Bear Stearns unraveled in the swiftest investment-banking failure in Wall Street history. Speculation about a cash shortage proved self- fulfilling, causing customers and lenders to demand their money back. Bear Stearns’s stock sank 47 percent to $30 on Friday, March 14. That’s when the Fed moved to stave off a panic by helping the U.S. Treasury arrange JPMorgan Chase & Co.’s purchase of the company for $2 a share, a price unimaginable to the firm’s 14,000 employees and more than 500 shareholders.

In the aftermath, Bear Stearns Chief Executive Officer Alan Schwartz told Congress that the firm was toppled by rumor- mongering and abusive trading. Regulators have begun peeling back trading records, hunting for suspects.

Schwartz and officials at the SEC declined to comment for this story.

Cokie Roberts is a cunt

Cokie Roberts attacks Obama for going to Hawaii instead of Myrtle Beach

  Even though Cokie Roberts knows that Obama's grandmother lives in Hawaii, he's still acting like an elitist snob for taking a vacation instead of some place common people go, like Myrtle Beach, SC.  Hey, it's a party town. I think Obama should have Cokie make all his vacation plans from now on.

video_wmv Download | Play  video_wmv Download | Play (h/t Heather)

Roberts: …going off this week I know his grandmother lives in Hawaii and I know Hawaii is a state, but it has the look of him going off to some sort of foreign, exotic place. He should be at Myrtle Beach and if he's going to take a vacation at this time. I just think this is not the time to do that.

We're all so happy that Cokie is a concern troll and hey, she knows Hawaii is a state and all.  Wow, what a concession.  It's so exotic, visiting your grandmother. Really, it's just more of the chattering class talking amongst themselves. Who cares where Obama goes on vacation except for the wanking elites?  Are they bothered by the fact that McCain takes off every weekend and goes to one of his eight homes? Of course that's not elitist at all, is it, Cokie? 

UPDATE: (Nicole) In addition to his elitist vacation spot, the McCain campaign and the RNC put out a mocking "Barack Obama's Hawaii Travel Guide" that, among other things, bashes Obama for attending a private school on scholarship there.  Jon Perr has it. 

Edwards pulls the plug on his poverty fighting charity after his bid for the Presidency failed...too bad

The Fight against Poverty Was a Lie, Too

I was never an Edwards supporter. Not because I didn't like what he said, but because, since he could never speak in more depth on an issue than your average talking point, I suspected all those nice things he was saying about helping the poor were false, just convenient lines around which an old DLCer could build a presidential run. The revelation that Edwards believed he could run for President even while hiding an affair only made me more suspicious that the whole campaign was one convenient lie.

Now, Ken Silverstein makes that case even stronger.

Once upon a time John Edwards wanted to be president and he vowed, back then, that poverty would be his signature issue. "Poverty is the great moral issue of our century," he told a group of students at Berkeley in 2005. "People living in poverty need you. And another thing: America needs you."

To show his own dedication, Edwards "created a tax-exempt nonprofit dedicated to fighting poverty", the New York Times reported.

[snip]

In other words, the Center may have done some good but its primary purpose was to serve as a vehicle for Edwards' political career. Indeed, it appears to be very similar to the bogus "Reform Institute" that John McCain set up after his defeat to George W. Bush in 2000, and which was designed to keep alive his presidential ambitions and reward his cronies.

Anyway, Edwards of course lost his bid for the Democratic presidential nomination this year, and guess what happened to his big anti-poverty initiative? That's right—it appears he pulled the plug on it.

About a week before Edwards acknowledged having an affair with Rielle Hunter, Edwards quietly shut down a "scholarship program he started at an Eastern North Carolina high school — a program he once promised would be a model for the nation under an Edwards presidency," reports the Raleigh News & Observer:

Sunday, August 10, 2008

Click on the link below to watch an excellent video on the bush family....

Impeachment Won't Help; Only Revolution Will Save America

If you happen to be among the top one percent of the nation, then, Bush has done a fabulous job for you. He's has enriched you and your type. You benefited from 911 which made possible Bush's agenda of aggressive war, dismantling the Constitution, and packing the courts. You should be proud and probably are.

Bush is just a figurehead. In the words of an excellent documentary that tries to explain the inexplicable: the fix was in! Bush is 'president' because he is a Bush and because he represents you --but only if you happen to be among the top 1 percent of the population. If not, you are outta luck! Bush has done his job on his bosses behalf. Everyone else is outta luck. It's a comprehensive and deliberate program:
  • wage resource wars in the middle east --Afghanistan, Iraq, and Iran specifically;
  • enrich the Military/Industrial complex which represents America's last 'export': state-sponsored terrorism;
  • dismantle the Constitution and the electoral apparatus through subversion and institutionalized vote theft;
  • establish a precedent by which the 'executive' may rewrite the laws passed by Congress;
  • pack the courts such that the rights of individuals and lower classes are disenfranchised, ignored, and, in other ways, violated with disingenuous decisions which often, of late, simply ignore several hundred years of Anglo/American jurisprudence, the precedents established by our own US Supreme Court, and the very letter of the law itself.
In Bush's words: "The Constitution is just a goddamned piece of paper!" If you happen to be among the top one percent of the nation, then, Bush has, indeed, done a fabulous job on your behalf. If the revolution is to be effective, it must begin with a restoration of the 'rule of law' which Bush has subverted with signing statements, decrees, and executive orders.Greg Palast is, once again, on the trial of a 'President' who has come out of the closet, i.e, Bush openly flouts the very source of US sovereignty: the people themselves. In a phrase: Bush doesn't give a shit about that or about you.

Prices for some drugs skyrocket - USATODAY.com

Prices for some drugs skyrocket - USATODAY.com

Drug companies are quietly pushing through price hikes of 100% — or even more than 1,000% — for a very small but growing number of prescription drugs, helping to drive up costs for insurers, patients and government programs.

The number of brand-name drugs with increases of 100% or more could double this year from four years ago, researchers from the University of Minnesota say. Many of the drugs are older products that treat fairly rare, but often serious or even life-threatening, conditions.

Among the examples: Questcor Pharmaceuticals last August raised the wholesale price on Acthar, which treats spasms in babies, from about $1,650 a vial to more than $23,000. Ovation raised the cost of Cosmegen, which treats a type of tumor, from $16.79 to $593.75 in January 2006.

The average wholesale price of 26 brand-name drugs jumped 100% or more in a single cost adjustment last year, up from 15 in 2004, the university study found. In the first half of this year, 17 drugs made the list.

"This does drive up the price of health care," says Alan Goldbloom, president of Children's Hospitals and Clinics of Minnesota. "Hospitals are either eating the cost or passing it along to insurers, so you and I are paying it in increased premiums."