Month: June 2008

US Talking With Lithuania About Missile Interceptor Location

It appears that because the Poles are getting cold feet, or demanding more for the base, they are talking with Lithuania about locating the missiles there.

This means a number of things:

  1. The relatively new Polish government is not being as cooperative as they would like.
  2. That most other nations are not interested (the Lithuanians really hate the Russians)
  3. That this missile defense installation is directed against the Russians, and not the Iranians.

The last point is simple: If you have a sub optimal location, one that is too far north to protect parts of Turkey, Greece, and Italy, starting negotiations with a country that is further north, and hence less well suited to intercepting Iranian missiles, but just as well suited to intercepting a Russian strike.

What is going on is simple: This is Republicans trying to recreate the cold war, because it benefits them politically.

Zimbabwe: Mugabe Rejects Mbeki Plan (Page 1 of 1)

What I find remarkable is that even with the violence and criminality of ZANU-PF in the runoff, they are still not sure that they can win an election, because there are now reports that there are arguments among the leadership as to what should be done if he loses.

Seriously, it appears that they are running up against their limits as vote riggers.

It has apparently gotten so bad that Mbeki is actually starting to propose solutions, specifically something similar to what happened in Kenya, with a PM and a unity government.

I think that this is unlikely, as Mugabe’s government is proceeding with the trumped uptreason trial of Tendai Biti, the secretary-general of the MDC.

Economics Update

I’m lazy, so let’s just say, Oil up, retail gasoline up, and dollar down.

I’m beginning if I should stop covering the above swings daily….day-to-day has too much noise to signal.

On the other hand, the rumors of massive writedowns at Citi over mortgages, LBO loans, CDOs, etc. is probably more significant, as is the fact that Moody’s finally cut MBIA’s credit rating.

Moody’s Investors Service on Thursday stripped the insurance arms of Ambac Financial Group and MBIA of their AAA ratings, citing their impaired ability to raise capital and write new business.

….

Moody’s cut Ambac Assurance three notches to “Aa3,” the fourth highest investment grade, and downgraded Ambac Financial three notches to “A3,” the seventh highest investment grade, from “Aa3.”

MBIA Insurance was cut five notches to “A2,” the sixth highest investment grade, and MBIA Inc was cut five notches to “Baa1,” three steps above junk, from “Aa2.”

This is actually more significant than just making their borrowing money more expensive, it means that some of the holders of insurance contracts the right to terminate or require the additional collateral from the company.

It’s what Atrios calls, “Another Jenga Piece” coming out.

McClellan Says White House Plame Coverup is Ongoing

I am not surprised, except for the fact that Congress has been so complicit in this coverup:

“The continuing cloud of suspicion is not something I can remove because I only one part of the story,” McClellan said in his opening statement before the House Judiciary Committtee this morning. “Only those who know the underlying truth can bring this to an end. Sadly, they remain silent.”

First Gitmo Habeas Suit Filed

It’s been filed by Abdul Rahim Abdul Razak al Ginco who is demanding that the US government show cause as to why he is detained.

According to the article, before he was detained and tortured by us as a potential terrorist, he was detained and tortured by the Taliban as a US spy in Afghanistan.

I think that we will be discovering that we tortured a bunch of innocent people, and now Bush and His Evil Minions are afraid that if we let them go, they will be angry at us…well, duh.

Obama to Will Not Take Public Financing

I approve his campaign’s decision to eschew public financing and the associated spending limits.

He will get a lot more money from his donors for the general.

The only thing that I argue about is that they missed an opportunity to attack McCain. They could have given the reason for this as, “John McCain is in felony violation of the campaign finance law that he wrote, so it’s not reasonable to expect good faith in his negotiations.