Evening Blues Preview 8-25-15

This evening's music features one of the great blues harmonica players, George "Harmonica" Smith.

Here are some stories from tonight's posting:

Eric Holder's Corporate Law Firm Is Turning Into a 'Shadow Justice Department'

The revolving door between the Department of Justice and a certain corporate law firm is spinning faster than ever. On July 6, former Attorney General Eric Holder returned to his previous employer, Covington & Burling — a firm that's represented the biggest banks on Wall Street, and is internationally known for its white-collar defense practice. A week later, his DOJ chief of staff Margaret Richardson announced that she would be following him there.

Meanwhile, the latest data from the DOJ reveals that criminal prosecutions for white-collar crimes are at a 20-year low. ... Some media outlets and commentators have begun referring to Covington as a "shadow Justice Department" — a place for talented lawyers to become familiar with how corporations work before entering public service, and a landing pad for former federal prosecutors transitioning to the private sector.

Holder worked at Covington for eight years before Obama tapped him to lead the DOJ in 2009. Plotting his return to the fold became a six-year "project," Covington chairman Timothy Hester told the National Law Journal. The firm even reserved a vacant corner office for Holder's expected return. ...

Covington's white-collar defense division, which represents clients accused of corporate, financial, or regulatory crimes, is particularly well stacked with government talent.

"Our team includes former senior SEC officials, a former Secretary of Homeland Security, three former heads of the Justice Department's Criminal Division, former federal judges, numerous former federal prosecutors with extensive criminal trial experience, as well as former senior Treasury Department, State Department, and EU officials," boasts the firm's white-collar defense and investigations web page. ...

Lanny Breuer, the firm's current vice chairman, was in charge of financial fraud prosecution in the Obama administration until 2012. Like Holder, Breuer also worked at Covington before joining Obama's DOJ. Under Breuer, the DOJ did not bring a single criminal case against big banks or other companies involved in mortgage servicing, even though "copious evidence has surfaced of apparent criminal violations in foreclosure cases," according to an investigation by Reuters.

Only three of 116 Guantánamo detainees were captured by US forces

Only three of the 116 men still detained at Guantánamo Bay were apprehended by US forces, a Guardian review of military documents has uncovered.

The foundations of the guilt of the remaining 113, whom US politicians often refer to as the “worst of the worst” terrorists, involves a degree of faith in the Pakistani and Afghan spies, warlords and security services who initially captured 98 of the remaining Guantánamo population.

According to an analysis of long-neglected US military capture information, 68 of the residual Guantánamo detainees were captured by Pakistani security forces or apparent informants. Another 30 were sent to the notorious wartime facility by forces from Afghanistan – mostly warlords and affiliates of early US efforts to topple the Taliban after 9/11.

No US official nor human rights critic believes all 116 detainees are innocent of all terrorism charges. Yet the reality that nearly 85% of detentions at Guantánamo stem from foreign partners with their own interests in round-ups – overwhelmingly of Arab men in south Asian countries – rarely factors into the heated rhetoric from conservative politicians who warn of dire consequences should Barack Obama finally close the facility. ...

“There is great reason to disbelieve claims that detainees at Guantánamo are the ‘worst of the worst’, including the fact that many were sold to the US for a bounty, not based on any real quality intelligence the US had gathered,” said Laura Pitter of Human Rights Watch.

UK newspaper claims US blocking crucial data about Iraq invasion

NATO Troops Back in Combat as Taliban’s South Afghanistan Gains Grow

The Taliban has been gaining ground in the Helmand Province for quite awhile, locking up important districts in the opium farming region in a sustained offensive against Afghan ground troops. Now, NATO is sending its own troops back into Helmand to try to stall the offensive.

Details on troop numbers in Helmand are not public yet, but the Pentagon confirmed US airstrikes against Taliban targets inside Helmand were meant to target Taliban groups “threatening” NATO coalition troops in the area, as Musa Qala District Governor called for yet more military support for the region. ...

NATO has made much of “ending” the Afghan War and moving to a purely support role, but with the Taliban taking more and more territory across Afghanistan, they’re looking to again get more pro-active to avoid more calamitous losses for an Afghan military which seems in many cases outmatched.

Obama's great new partners in action:

Syrian rebels: Turkey tipped al Qaida group to U.S.-trained fighters

The kidnapping of a group of U.S.-trained moderate Syrians moments after they entered Syria last month to confront the Islamic State was orchestrated by Turkish intelligence, multiple rebel sources have told McClatchy.

The rebels say that the tipoff to al Qaida’s Nusra Front enabled Nusra to snatch many of the 54 graduates of the $500 million program on July 29 as soon as they entered Syria, dealing a humiliating blow to the Obama administration’s plans for confronting the Islamic State.

Rebels familiar with the events said they believe the arrival plans were leaked because Turkish officials were worried that while the group’s intended target was the Islamic State, the U.S.-trained Syrians would form a vanguard for attacking Islamist fighters that Turkey is close to, including Nusra and another major Islamist force, Ahrar al Sham. ...

The abductions opened the program to ridicule in the United States, where supporters of arming Syrian rebels quickly used it to make their case that Obama administration policy toward the Syrian conflict is inept. ...

Division 30 spokesman Capt. Ammar al Wawi stopped short of saying Turkey had betrayed the operation, though he agreed that the only people aware of the trainees’ plans to enter Syria were Turkish and American staffers at a joint command center in Gaziantep. He grew visibly uncomfortable when pressed on the subject.

“I have to live here in Turkey and have been targeted for kidnapping or assassination twice in the last month,” he said. “But we know someone aligned with Nusra informed them of our presence. They were taken within 10 minutes.”

Giving War a Chance

On August 5, US President Barack Obama compared the rhetoric employed by opponents of the P5+1/Iran nuclear negotiations to that used by the Bush administration during the run-up to America’s catastrophic war in Iraq, noting (Washington Post, 8/5/15) that “many of the same people who argued for the war in Iraq are now making the case against the Iran nuclear deal.” ...

Yet Obama’s own rhetoric in defense of the Iran deal shares more in common with his opposition than he might like to admit. In the same speech (Washington Post, 8/5/15) during which he criticized Iraq War proponents for opposing the Iran deal, Obama stated that, “absent a diplomatic resolution, the result could be war with major disruptions to the global economy, and even greater instability in the Middle East.”

Obama’s rhetorical tactic illuminates the new reality of American foreign policy discourse: For nearly all commentators, regardless of their position, war is the only alternative to that position.

The specter of war in American foreign policy discourse has thus produced a rather troubling framework: Advocates of diplomacy with Iran cite war as the inevitable alternative, while critics of diplomacy cite war as its inevitable outcome. No matter which side you choose, it seems, you are choosing war.

Days of Revolt: State Violence and Counter Violence

It is Time We Discussed Abolishing the Police

“If I was an anarchist or even a regular protester,” explained the president of the Seattle Police Officers’ Guild Ron Smith, “I would probably not want to be infiltrated by the police… Just like the dope dealer on Third and Pike doesn’t want to get busted. That’s the price of doing business. It’s the whole package.” This startling bit of honesty from the Seattle police regarding their imperative to infiltrate and spy on social justice protests came as Ansel Herz, a reporter for the local newspaper The Stranger, questioned Smith regarding undercover cops at a Black Lives Matter protest last December.

For those involved in Left protest movements this is hardly news. I remember my early days in the antiwar movement at Texas Tech University. During the first rallies protesting the invasion of Iraq in 2003 local police with their crew-cuts, wraparound shades, and shirts tucked into Wrangler jeans would “blend effortlessly” into the crowd of college students. Campus police even intruded into a graduate student’s office—much to his surprise—in order to peruse our flyers and posters that were stored there. A year later an investigation by Salon revealed that police had infiltrated antiwar groups in Boulder, Fresno, Grand Rapids, and Albuquerque. A federal prosecutor even demanded Drake University turn over all of its records regarding an antiwar conference held there by the National Lawyers Guild. ...

Last week documents obtained by The Intercept revealed that undercover officers for the NYPD regularly attended Black Lives Matter events. Pictures of activists are kept on file by the department and their movements are tracked. In a statement on these revelations the Metropolitan Transit Authority which has been using its counter-terrorism task force to also spy on Black Lives Matter justified the spying by equating protesters with terrorists. And this is not just the view of local police departments, the Department of Homeland Security and the FBI’s Joint Terrorism Task Force have both been monitoring Black Lives Matter protests across the country showing the dangerous and unfounded link in the minds of police between social justice movements and terrorism.

It is notable that the problem of police infiltration is unique to Left-leaning political groups. Right wing organizations like the Tea Party, the Oath Keepers, and the Ku Klux Klan are more likely to have police as enthusiastic members than moles. Even the FBI’s oft celebrated infiltration of the Klan during the Civil Rights Movement led to more cheerleading for Klan activity than arrests of its members. While police frequently paint Left organizations as violent in order to justify the violation of people’s right to organize politically these right wing terrorist groups are regularly leftunmolested by the supposed keepers of the peace.

There are many people who think the police exist to fight crime. The reality is that the police exist to maintain the status-quo with the rich on top and everyone else fighting for scraps. ... The police represent the first line of defense between the rich and the rioters. Those involved in the Black Lives Matter movement—the latest challenge to the racist status-quo—learn quickly the true function of the police as they are shouted at and insulted by police in riot gear who hem in their marches, as they have their photos taken by police surveillance teams for further investigation, as they deal with the never ending stream of plain-clothes cops intimidating, monitoring, sowing seeds of distrust. Knowing the political role of the police perhaps it is time to stop hoping for reform and start imagining a world without the police.

"Casino Capitalism": Economist Michael Hudson on What’s Behind the Stock Market’s Rollercoaster Ride

Hailing His 'Authenticity and Integrity,' Dr. Cornel West Backs Bernie Sanders

Extolling his "authenticity and integrity" in the struggle against greed, imperialism, and injustice, civil rights activist and intellectual Dr. Cornel West on Monday announced his endorsement of Sen. Bernie Sanders for president.

"The American Empire is in decline. Our market-driven culture is in decay. The criminal justice system has failed us. And the political system is collapsing due to the weight of corrupt lobbyists and greedy capitalists," West wrote on Twitter. "Only organized power of courageous and compassionate people can turn around these catastrophic realities."

Though acknowledging some of the criticisms levied against Sanders, West continued, saying that "prophetic politicians—always with their faults and blind spots—who tell the truth about Wall Street, white supremacy, empire, patriarchy and homophobia, deserve our critical support." ...

He added that the endorsement "is not an affirmation of the neo-liberal Democratic Party," which must be fought against "by social movements in the streets."

Also of interest:

Donald Trump Just Stopped Being Funny

Santa Muerte, Full of Grace

U.S. Army Reopens Criminal Inquiry Into Afghan Civilians’ Deaths

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This is a REALLY bad sign

A rebound that took the Dow Jones Industrial Average up more than 440 points disappeared as traders said trepidation over what will happen in China’s market made holding on to stocks too risky for most investors.

The 30-stock index slid 1.3 percent to 15,665.77 at 4 p.m. in New York, down 4 percent from its highest point. The peak-to-trough retreat matched Monday’s selloff, when concern about global growth ignited the worst selloff in four years. The Standard & Poor’s 500 Index went from up 2.9 percent to down 1.4 percent, with most of the selling concentrated in the final two hours of trading.

That's really, REALLY bad in the context of the huge losses the stock market has taken last week and Monday.
To put it simply, failed rallies are more bearish than a simple drop.

We need Bobswern!

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joe shikspack's picture

on the failed rallies is that they constitute the actions of very short-term speculators and high-frequency traders probably, too, trying to run up the market and take quick profits. which, i guess works until they get spooked by their fear that maybe the rubes aren't buying in and they won't get to walk away with the dumb money on the table.

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Pluto's Republic's picture

…the NYSE was halted over 4,500 times on Monday and many stocks frozen.

All that happens fast, of course, at the speed of an electron. Still, it made it impossible for a normal person to make a trade the old fashioned way.

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____________________

The political system is what it is because the People are who they are. — Plato
joe shikspack's picture

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Pluto's Republic's picture

I expected at least a modest rebound from the knife catchers. The Dow was up over 200 when I left for a few hours. The problem with this is that the rest of the world markets (except Japan for structural reasons) closed on the upside today, retracing some of their losses.

And at the moment, after hours trading shows the Dow at -137, while Asian and European markets are again showing positive futures. That means the US is the locus of the trend if this is indeed a reaction to China.

I don't know what has Wall Street worried. If the markets go down, the Feds will immediately print trillions of dollars and blow it back up. Finally, a sure thing in the stock market. The Dems are not going into the next election in a down market.

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____________________

The political system is what it is because the People are who they are. — Plato
gulfgal98's picture

As I was watching and listening to the interviews, I found it hard not to come to the conclusion that nothing has really changed over the years. The one guy noted the connection between all the wars we were involved in overseas and the escalation of violence against the communities in which people of color resided. It is still the same. The oligarchs are still fighting wars abroad and at home against our own people. And people of color are the ones disproportionately affected.

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Do I hear the sound of guillotines being constructed?

“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy

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Just as the business community's confidence was growing about winning a summer public relations battle over cyber information-sharing legislation, The New York Times and ProPublica published the latest installment in a series of articles based on leaks by the fugitive former National Security Agency contractor.
The story landed as industry groups and digital advocates work feverishly to shape public opinion in advance of a possible Senate floor debate in the fall....
But just as industry unfurled a "fact versus myth" campaign designed to counter arguments against the bill, the Snowden impact was felt once again.
An Aug. 15 Times story revealed an expansive surveillance relationship between the NSA and AT&T; the company was portrayed as extraordinarily willing to share information with the spy agency, including emails.
"AT&T helped U.S. spy on Internet on a vast scale," the Times headline read. The telecom giant declined to comment on a "national security" story.
But industry supporters of the so-called CISA bill immediately realized that the story could deliver a serious blow to the cyberlegislation's prospects in the fall...
"If the Cyber Information Sharing Act were to pass, companies like AT&T would be encouraged to share more of their customers' data with law enforcement and surveillance agencies in the United States without concern about any privacy laws," said Peter Micek, senior policy counsel at the digital rights group Access. "In fact, the bill creates legal incentives to encourage companies to give more and share more private data. This news should put an immediate halt to consideration of CISA."

I'd be surprised if CISA doesn't pass, but you never know.

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Toronto police warned hackers of the Ashley Madison infidelity website that their actions "won't be tolerated," and said there are two unconfirmed suicides linked to the breach.
More than 30 million email addresses and some credit card data were released as a result of the hack last month.
"Your actions are illegal and won't be tolerated," said Evans about a case also now being investigated by Canada's privacy commissioner.
He didn't give any further details where the unconfirmed suicide cases may have occurred. Evans also said there have been reports of hate crimes connected to the hack.
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