Month: March 2013

Solipsistic Narcissists

No Comments

Now that his son has come out, Senator Rob Portman becomes a supporter of gay marriage:

Republican U.S. Sen. Rob Portman on Thursday announced he has reversed his longtime opposition to same-sex marriage after reconsidering the issue because his 21-year-old son, Will, is gay.

 Portman said his son, a junior at Yale University, told him and his wife, Jane, that he’s gay and “it was not a choice, it was who he is and that he had been that way since he could remember.”

 “It allowed me to think of this issue from a new perspective, and that’s of a Dad who loves his son a lot and wants him to have the same opportunities that his brother and sister would have — to have a relationship like Jane and I have had for over 26 years,” Portman told reporters in an interview at his office.

 The conversation the Portmans had with their son two years ago led to him to evolve on the issue after he consulted clergy members, friends — including former Vice President Dick Cheney, whose daughter is gay — and the Bible.

 “The overriding message of love and compassion that I take from the Bible, and certainly the Golden Rule, and the fact that I believe we are all created by our maker, that has all influenced me in terms of my change on this issue,” Portman said, adding that he feels that “in a way, this strengthens the institution of marriage.”

 Portman said his son didn’t push him to make his announcement, though he “encouraged me.”

 Portman, who backed the 1996 Defense of Marriage Act now under review by the U.S. Supreme Court, said he now thinks parts of that bill should be repealed, though he hasn’t considered introducing such legislation himself because economic policy issues are his specialty.

So, how do we make legislators have children who grow up in poverty?

Seriously, if it doesn’t happen to them and theirs, it does not exist.

Un-Dirtyword-Believable

No Comments

The New York Police Department has established a policy to conduct criminal background checks on the victims of domestic abuse:

Women who report domestic violence are exposing themselves to arrest under a new NYPD directive that orders cops to run criminal checks on the accused and the accuser, The Post has learned.

The memo by Chief of Detectives Phil Pulaski requires detectives to look at open warrants, complaint histories and even the driving records of both parties.

“You have no choice but to lock them up” if the victims turn out to have warrants, including for minor offenses like unpaid tickets, a police source said.

“This is going to deter victims of domestic violence . . . They’re going to be scared to come forward.”

The directive tells detectives that when they are investigating cases of domestic violence, they should run a search that cross-references all NYPD databases.

Beside warrants, a person’s criminal record and history of making criminal complaints should be checked, the directive says.

I’m beginning to think that the NYPD needs another Knapp Commission a the reforms associated with such an endeavor.  (The whole racial profiling of Muslims thing, and the abuse of protestors comes to mind.)

There is a lot of rot in the force, and it this fish is rotting at the head.

The Maryland Lege Gets One Right

No Comments

The death penalty is no more in Maryland:

The General Assembly voted to repeal the death penalty Friday, calling for an end to Maryland’s 375-year history of capital punishment and joining a growing number of states outlawing the practice.

 After nearly two hours of impassioned debate, the House of Delegates approved Gov. Martin O’Malley’s repeal legislation, 82-56, sending the measure to the governor for his signature. The state Senate voted 27-20 for repeal last week.

 “We’re a better state for ending it,” said Del. Sandy Rosenberg, a Democrat from Baltimore who has long pushed for repeal.

Absolutely.

Who Says that Irony is Dead

No Comments

Yes, it’s ironic that one of the leading opponents of Marijuana decriminalization in New York State was was busted for possession, but true irony would involve him being beaten up by said cop”

Republican New York State Assemblyman Steve Katz (AD-99) was arrested Thursday morning for possession of marijuana after he was pulled over for speeding to Albany for a legislative session. The New York State Trooper who pulled over Katz smelled marijuana in the conservative Assemblyman’s car. Katz then surrendered a bag of weed to the Trooper.

 Katz, who has strong Tea Party backing in the lower Hudson Valley, has opposed legalizing medical marijuana treatments for New Yorkers with conditions such as cancer and glaucoma while in the Assembly. The outspoken conservative with was first elected to the Assembly in 2010. He sits on the alcoholism and drug abuse committee, as well as its committees on higher education, mental health and economic development.

I do love the headline to this story though, “Katznip“.

It’s Bank Failure Friday!!! (On Sunday)

No Comments

No banks, but I just noticed some credit union closings:

  1. Amez United Credit Union, Detroit, MI  <===My bad, this one was on Feb 19, I missed it.
  2. I.C.E. Federal Credit Union, Inglewood, CA
  3. Pepsi Cola Federal Credit Union, Buena Park, CA

Full NCUA list

I think that this is the first time since I started following this that credit union closings were the same as bank closings.

It probably means nothing.

That Sound You Hear is Millions of Eurozoners Moving Their Money to Swiss Bank Accounts

No Comments

Well, we have already seen how the economic crisis is treated around the world.

The tax payers take it on the chin, and the bond holders, who under laws have no claim to payment from bankrupt banks, get all (or nearly all of) their money.

Well, the EU powers that be have taken it a step further, by stealing money from the account holders to pay the bond holders:

European finance ministers have agreed an £8.7bn bailout for Cyprus which includes all Cypriot bank customers handing over up to 10% of their savings.

 Cyprus becomes the fifth country after Greece, Ireland, Portugal and Spain to turn to the eurozone for financial help amid the region’s debt crisis, but also faces a possible run on its banks as depositors try to avoid losing up to 10% of their savings.

 The savers, half of whom are thought to be Russian, will raise almost €6bn. It is the first time a bailout has included such a measure.

 “I wish I was not the minister to do this,” the Cypriot finance minister, Michael Sarris, said after 10 hours of late-night talks in which eurozone finance ministers agreed the package. “Much more money could have been lost in a bankruptcy of the banking system or indeed of the country.”

 Without a rescue, Cyprus would default and threaten to unravel investor confidence in the eurozone, a renewed confidence fostered by the European Central Bank’s promise last year to do whatever it takes to support the euro.

They do not understand what this means.

Something north of 50% of the deposits in Cypriot banks will be gone in the next few months, going to banks in Germany, Switzerland, or into mattresses.

This comment is delusional:

Such levies break the taboo of hitting bank depositors with losses, but [ Dutch finance minister Jeroen] Dijsselbloem said it would not have otherwise been possible to salvage its financial sector, which is around eight times the size of the economy.

They have just destroyed the financial sector in Cyprus, and perhaps through much of the Euro Zone.

Since the 1930s, in the developed world, at least, deposit insurance that makes the the depositors, at least the smaller ones, whole has been the core of our banking system.

This will likely precipitate a return to the days before the FDIC and its brethren around the world, when people stored kept their wealth in safes, or in commodities like gold, and the (temporarily)better off of members of the EU have just made it insane for anyone to ever put more than a few days walking around money in the banks of any Euro Zone nation. (Except perhaps for Germany and the Netherlands, for now.)

H/t Atrios.

Someone Got Smacked With a Clue Stick at the Pentagon

No Comments

Following a firestorm of protest the Department of Defense is backing off of their plans to have a drone medal which would outrank the Bronze Star and the Purple Heart:

The military has stopped production of a new medal for remote warfare troops as it considers complaints from veterans and lawmakers over the award, a government official said Tuesday.

Defense Secretary Chuck Hagel has ordered a review of the Distinguished Warfare Medal, which was to be awarded to troops who operate drones and use other technological skills to fight America’s wars from afar. Announcement of the review is expected at a Pentagon news conference later Tuesday.

Lawmakers and veterans groups have complained that although troops can get the new medal for work far from the battlefield, it has been ranked above medals for those who served on the front line in harm’s way, such as the Purple Heart given to wounded troops.

If the review agrees with complaints about the medal, it would likely have to be renamed and new medals manufactured, the government official said on condition of anonymity because he was not authorized to speak on the record.

You know, with half a brain would have figures out that it would unleash a sh%$ storm.

Whoever came up with this idea should be peeling potatoes for the next few months.

I Worked There for 2 Years

No Comments

It looks like the Pentagon will shutter down BAE’s plant in York Pennsylvania for 2 years:

A contentious political battle erupted last year when the Army opted to end production of the Abrams tank. Now the Army faces a repeat, this time, over the Bradley.

The manufacturer of the Army’s Bradley infantry fighting vehicle, BAE Systems, is seeking to persuade the service to reverse a decision to stop work at the company’s assembly line in York, Penn., for three years beginning in 2014.

BAE executives are pleading the case that is often made in these situations: It would be more costly to the government to shut down and reopen the line three years later than it would be to keep it open, even with a reduced workload. Army officials defend their decision as a necessary move to cut costs in the face of declining budgets. They also contend that closing down the BAE plant temporarily should not cause any risk to the force, as the Army owns a large fleet of more than 3,000 Bradleys, most of which have low mileage and have been updated with new weapons and electronics.

What is particularly notable is this map that they included with the story.  It’s a list of where their subcontractors are located:

Seriously, the overpriced stuff that we buy for our military would not be so f%$#ing  overpriced if defense contractors did not play “paint by numbers” with states and Congressional districts to game our politica system.

I’m not sure how to fix this, but this sh%$ needs to end.

When is Being in a Car Accident Not the Worst Thing to Happen to You All Day?

No Comments

When you are returning from a field trip to CPAC (the Conservative Political Action Conference), where you have meet attendees who argue that the slaves should never have been emancipated.

I was involved in an accident with a toy Tour bus carrying students from the Ethical Culture Fieldston School, who were returning from this field trip.

Light posting for a while.

Posted via mobile.

OK, Google is Going Full Evil

No Comments

The Inevitable Downfall Video (NSFW)

Google is killing its Google Reader RSS Reader:

Google Reader, one of the world’s most popular RSS readers, is shutting down on July 1, 2013, Google announced Wednesday.

 The search giant is pulling the plug on the 7-year old project citing “declining usage.” Google says it is shuttering Reader and deprecating or shutting down a number of other services as part of the company’s “spring cleaning” initiative — one that seeks to help the company focus on the features that need the most use.

Seeing as how this app has been pretty much on autopilot for a while, it’s not like it was sucking up much in the way of resources.

My guess is that Google™ saw it as an alternative to Google+™, they dumped some sharing features from the program a year ago, and this was a large part of the reason to axe the program.

They are terrified of Facebook, and so they push G+.

As an aside, one of the problems with Google+™ is that G+ still sucks.

For example, there is still no way to feed your blog RSS to G+, which you can do in Facebook, Twitter, and even lowly MySpace.  (If someone knows a work around, tell me)

And to go further down the “We Love Evil” path, Google has now banned ad blocking software from its Android Market, the Play Store:

Google has removed all ad blocking apps from Google Play, its online store for Android applications, on the basis that they interfere with other services. Searches for “adblock” and related terms on Wednesday evening no longer returned any references to ad blocking software.

Till Faida, co-founder of Adblock Plus, condemned the decision, calling it a threat to consumer choice. “By unilaterally removing these apps, Google is stepping all over the checks and balances that make the Internet democratic,” he said in a statement, suggesting that Google’s actions threaten Internet freedom in the same way that SOPA and PIPA did.

Google did not immediately respond to a request for comment. In its letter to Adblock Plus, Google said the software violates Section 4.4 of the company’s Developer Distribution Agreement.

Section 4.4 states, “You agree that you will not engage in any activity with the Market, including the development or distribution of Products, that interferes with, disrupts, damages, or accesses in an unauthorized manner the devices, servers, networks, or other properties or services of any third party including, but not limited to, Android users, Google or any mobile network operator.”

Evil. It’s what’s dinner.

On a related note, my guess is that Feedburner will be done away with in the near to medium term, so if you have an email subscription, you would need to change.

I’m looking at alternatives.

Tentacles of the Vampire Squid

No Comments

It was nice when the last remaining New England Republican, Christopher Shays, was defeated.

Unfortunately, he was by former Goldman Sachs executive Jim Himes, who is doing his level best to gut the most effective provisions of Dodd Frank: (See also here)

Connecticut Congressman Jim Himes said a provision in the Wall Street reform legislation aimed at limiting taxpayer exposure to risky elements of financial products sold by banks goes too far and must be changed.

 Himes, a Greenwich resident and member of the U.S. House Financial Services Committee, joined with Republicans from North Carolina and Illinois and a fellow Democrat from New York to introduce the Swaps Regulatory Improvement Act this week that would amend the 2010 Dodd-Frank Act. A similar bill has been brought forward in the Senate. An attempt to amend the provision last year failed.

 ………

 As part of the Dodd-Frank Act, banks with access to the Federal Reserve’s overnight lending program and insured by the Federal Deposit Insurance Corp. would be required to set up independent subsidiaries in order to continue selling the financial instruments, called swaps.

 Underfunded swap positions among big banks and other financial institutions were a major reason for the 2008 financial disaster. Swap trades were not made on any exchanges and many of them were based on mortgages. Fearing bank failures of staggering proportions, Congress bailed out the largest institutions.

So, he’s trying to put tax payers on the hook for the gambles at the big casino yet again.

So, what does this mean? It means that the Democratic leadership will make him head of the DCCC finance committee for the 2014 elections:

Rep. Jim Himes of Connecticut will be the new national finance chairman for the Democratic Congressional Campaign Committee in the 2014 cycle, according to two well-placed Democratic sources on Capitol Hill.

 Officials announced the new position for Himes, a three-term Democrat from Connecticut, at a morning meeting for members.

Jeebus.  The Vampire Squid owns us all.

Simon Johnson was right when he said that the first step in recovery from the implosion of your finance system is to break grip on power of the elites who  f%$#ed us like a drunk sorority pledge.  (I’m paraphrasing)

Quote of the Day

No Comments

Attorney General Eric Holder hails from the corporate law firm Covington and Burling, which has heavy ties to Wall Street. The head of Holder’s criminal division, Lanny Breuer, hails from the same firm. White is a partner at Debevoise and Plimpton and has represented JPMorgan, Morgan Stanley and UBS. Her husband, John W. White, is a partner at a Wall Street law firm, Cravath, Swaine & Moore. It’s becoming crystal clear that the problem in America is not bad laws; the problem is finding someone other than deeply conflicted Wall Street lawyers to enforce them.

—Pam Martens

Pernicious Contemptible Ratf%$#s

No Comments

Republican Senators, who just included the NRA’s wet dreams in the continuing resolution to keep the government running:

With gun safety measures headed to the Senate floor, members of the House and Senate appropriations committees have quietly made permanent four formerly temporary gun-rights provisions largely favored by Republicans. Those provisions are part of a spending bill that would keep the government running through Sept. 30.

The provisions, which have been renewed separately at various points, would prohibit the Bureau of Alcohol, Tobacco, Firearms and Explosives from requiring gun dealers to conduct annual inventories to ensure that they have not lost guns or had them stolen, and would retain a broad definition of “antique” guns that can be imported into the United States outside of normal regulations.

Another amendment would prevent the A.T.F. from refusing to renew a dealer’s license for lack of business; many licensed dealers who are not actively engaged in selling firearms can now obtain a license to sell guns and often fly under the radar of the agency and other law enforcement officials, which gun control advocates argue leads to a freer flow of illegal guns.

A final measure would require the bureau to attach a disclaimer to data about guns to indicate that it “cannot be used to draw broad conclusions about firearms-related crimes.”

Officials from the A.T.F. have long complained that quirky laws passed by Congress hamstring their ability to curb gun crimes. For example, under federal laws the bureau is prohibited from creating a federal registry of gun transactions, making it hard to track illegal guns.

Many of the provisions have been regularly added to appropriations bills since 2004. But Senate Democrats on the committee — pushed by Republicans and some Democrats who have made gun rights a signature issue — reluctantly agreed to make them permanent to stave off what they saw as an even more far-reaching House version of the bill.

The House offering contained a new rider that would prevent the A.T.F. from requiring gun dealers on the Southwest border to notify the agency when selling two or more long guns — semiautomatic rifles, higher than .22 caliber with detachable magazines — to the same buyer within five days. These firearms are the preferred weapons of Mexican drug cartels, Senate aides said.

The NRA is a toxic institution. It poisons our society.

We need to make it as toxic in politics as it is in society.

Pope Hilarious!

No Comments

I really [on edit] DON’T [/on edit]have a dog in this hunt. So my only insight on this is that when I discovered that he chose to take the name Francis, as an homage to St. Francis of Assisi who vowed poverty, my only thought was that he was dissing his Prada slipper wearing predecessor.

That being said, when I heard what Cardinal Jorge Bergoglio chose for his Pope name, I looked up a list of all the Popes, and it turned out that there was an actual Pope Hilarious.

More correctly there was a Pope Hilarius, in the middle of the 5th century, who was later sainted.

Go figure.

Speaking of Back Loaded Bribery………

No Comments

Did you hear the one about the SEC chair who got a choice gig on the GE Board of Directors for protecting the banksters?

Well, now you have:

Mary L. Schapiro is starting to get a taste of opportunities in the private sector after stepping down as chairwoman of the Securities and Exchange Commission in December.

General Electric announced on Monday that it had nominated Ms. Schapiro to serve as one of its directors. She will stand for election at the company’s annual meeting on April 24.

The G.E. board position will certainly pay her more than she made in government service. G.E. paid its directors about $250,000 in 2011; at the S.E.C., her annual salary was around $165,000. Presumably, there will be other board positions and job offers, although Ms. Schapiro has not hinted at her future career aspirations.

“Future career aspirations?”

I believe that her “future career aspirations” are spelled “Ka-Ching!“

If we could hook a generator to the revolving door that she is using, we could power the world.

Unfortunately, this is a feature, not a bug of live in the nation’s capitol.

Wanker of the Day

No Comments

Graham Hill, a man who became a fabulously wealthy by milking the dotcom boom at the end of the last century, and now sees fit to lecture us all on how we should live with less.

Yous see, all you have to do is to sell your company to some rube for a few million dollars, fall in love with, “an Andorran beauty,” and spend 15 years bouncing around to all the nice places in the world:

I don’t know that the gadgets I was collecting in my loft were part of an aberrant or antisocial behavior plan during the first months I lived in SoHo. But I was just going along, starting some start-ups that never quite started up when I met Olga, an Andorran beauty, and fell hard. My relationship with stuff quickly came apart.

I followed her to Barcelona when her visa expired and we lived in a tiny flat, totally content and in love before we realized that nothing was holding us in Spain. We packed a few clothes, some toiletries and a couple of laptops and hit the road. We lived in Bangkok, Buenos Aires and Toronto with many stops in between.

A compulsive entrepreneur, I worked all the time and started new companies from an office that fit in my solar backpack. I created some do-gooder companies like We Are Happy to Serve You, which makes a reusable, ceramic version of the iconic New York City Anthora coffee cup and TreeHugger.com, an environmental design blog that I later sold to Discovery Communications. My life was full of love and adventure and work I cared about. I felt free and I didn’t miss the car and gadgets and house; instead I felt as if I had quit a dead-end job.

The relationship with Olga eventually ended, but my life never looked the same. I live smaller and travel lighter. I have more time and money. Aside from my travel habit — which I try to keep in check by minimizing trips, combining trips and purchasing carbon offsets — I feel better that my carbon footprint is significantly smaller than in my previous supersized life.

Intuitively, we know that the best stuff in life isn’t stuff at all, and that relationships, experiences and meaningful work are the staples of a happy life.

Mr. Hill, Madame La Guillotine is calling on line 2.