The Evening Blues - 2-18-16



eb1pt12


Hey! Good Evening!

This evening's music features two r&b groups Archie Bell and the Drells and The Tams Enjoy!

Archie Bell & The Drells - Tighten Up

"There are two problems for our species' survival - nuclear war and environmental catastrophe - and we're hurtling towards them. Knowingly."

-- Noam Chomsky


News and Opinion

Risking Nuclear War for Al Qaeda?

When President Barack Obama took questions from reporters on Tuesday, the one that needed to be asked – but wasn’t – was whether he had forbidden Turkey and Saudi Arabia to invade Syria, because on that question could hinge whether the ugly Syrian civil war could spin off into World War III and possibly a nuclear showdown.

If Turkey (with hundreds of thousands of troops massed near the Syrian border) and Saudi Arabia (with its sophisticated air force) follow through on threats and intervene militarily to save their rebel clients, who include Al Qaeda’s Nusra Front, from a powerful Russian-backed Syrian government offensive, then Russia will have to decide what to do to protect its 20,000 or so military personnel inside Syria.

A source close to Russian President Vladimir Putin told me that the Russians have warned Turkish President Recep Tayyip Erdogan that Moscow is prepared to use tactical nuclear weapons if necessary to save their troops in the face of a Turkish-Saudi onslaught. Since Turkey is a member of NATO, any such conflict could quickly escalate into a full-scale nuclear confrontation.

Given Erdogan’s megalomania or mental instability and the aggressiveness and inexperience of Saudi Prince Mohammad bin Salman (defense minister and son of King Salman), the only person who probably can stop a Turkish-Saudi invasion is President Obama. But I’m told that he has been unwilling to flatly prohibit such an intervention, though he has sought to calm Erdogan down and made clear that the U.S. military would not join the invasion. ...

The dilemma for Obama is that many traditional U.S. allies, such as Turkey, Saudi Arabia and Qatar, have been the principal backers and funders of Sunni terror groups inside Syria, including Al Qaeda’s Nusra Front and – to a lesser degree – the Islamic State. Now, the “allies” want the United States to risk a nuclear confrontation with Russia to, in effect, protect Al Qaeda.

The twisted reality was acknowledged by no less an authority than Vice President Joe Biden during a talk at Harvard in 2014. Biden answered a student’s question by saying Turkey, Saudi Arabia and the United Arab Emirates had “poured hundreds of millions of dollars and tens, thousands of tons of weapons into anyone who would fight against [Syrian President Bashar al-] Assad.” The result, Biden said, was that “the people who were being supplied were Al Nusra and Al Qaeda and the extremist elements of jihadis coming from other parts of the world.”

'Smoking kills more people than Obama' poster appears in Moscow

A Moscow advert declaring that “smoking kills more people than Obama” has gone viral, becoming the latest in a string of actions condemning the US president as a mass killer.

Dmitry Gudkov, the sole liberal opposition MP in Russia’s parliament, on Tuesday posted a photograph of the large poster, which was in a metal-and-glass frame at a bus shelter on Moscow’s third ring road.

“Smoking kills more people than Obama, although he kills lots and lots of people,” the poster read, showing an illustration of the president smoking the last dregs of a cigarette. “Don’t smoke, don’t be like Obama.” ...

Some have taken the anti-Obama ad as a reference to a “Stop Obama!” video posted last week that showed dozens of Russian students falling to the floor as if dead, revealing a lone girl with a sign claiming that the “president of the United States kills 875 people every week”.

US-Backed Rebels Fight One Another in Northern Syria

The recent Syrian military offensive in Aleppo Province has the US keen to throw even more aid at rebel factions, including some Islamist-leaning groups. Hassan Haj Ali, the commander of the Falcons of Mount Zawiya Brigade, confirmed that his forces have been the recipients of US arms recently.

This was done with an eye toward them fighting the Syrian military, and maybe ISIS, but instead they’re locked in a growing battle with the Kurdish YPG, itself the recipient of massive amounts of US weaponry, meaning once again two US-armed factions are in open war in Syria. ...

US efforts to arm rebel factions initially focused on the Free Syrian Army, but as the group became increasingly irrelevant on the ground, the US began courting other rebel factions they thought were more capable of fighting ISIS, but as they added to the number of factions they were arming in this increasingly complex war, it was inevitable they’d be on both sides of some fights.

Carnage in Syria a Product of US Empowerment of Saudi Arabia

US Claims Over $500 Million in Cash Destroyed in Airstrikes

Having shifted the focus of their air war on ISIS away from the oil trade and toward blowing up physical paper money, the Pentagon is bragging today that they’ve destroyed in excess of $500 million in paper money in strikes on “cash distribution centers,” mostly in Iraq but also some in Syria.

Pentagon officials have conceded in the past that strikes on Mosul cash points have killed a number of civilians, though they have characterized it as an “acceptable” death toll for the size of the piles of currency destroyed in the salvos.

What Is the Government Still Hiding? ACLU Continues Fight to Obtain Photos of Bush-Era Torture

Torture Isn’t a ‘Political Decision’ — It’s a War Crime

According to the psychologists who teamed up with the CIA to design, implement, and oversee the agency’s post-9/11 torture program, torture is just politics. That’s what James Mitchell and John “Bruce” Jessen, CIA contractors who profited enormously from torture, told a federal court last month.

Facing a lawsuit by three of their victims, the psychologists argued that courts can’t even hear claims of U.S. government torture — because judges can’t condemn torture “without implicitly questioning, and even condemning, U.S. policy on the war against al-Qa’ida.” In other words, Mitchell and Jessen argue torture is a political decision that the executive branch gets to make without any judicial oversight.

Mitchell and Jessen are trying to avoid answering for what they did. Last week the ACLU responded on behalf of our clients, Suleiman Abdullah Salim, Mohamed Ahmed Ben Soud, and the family of Gul Rahman. All three were kidnapped by the CIA and tortured and experimented upon according to Mitchell and Jessen’s protocols. Mr. Rahman died as a result of his torture, while Mr. Salim and Mr. Ben Soud were eventually released. None was ever charged with a crime by the United States. ...

The CIA itself belatedly acknowledged Mitchell and Jessen’s conflict of interest in the torture program that the contractors created and oversaw. But before that happened, the corporation they formed was paid $81 million by the CIA — or in other words, the American taxpayer.

Apple vs. the FBI: Inside the Battle Snowden Calls "The Most Important Tech Case in a Decade"

Inside the FBI's encryption battle with Apple

For months, the FBI searched for a compelling case that would force Apple to weaken iPhone security – and then the San Bernardino shooting happened

Two weeks ago, the FBI called Apple’s headquarters in Cupertino, California, with a jarring message: the agency wanted Apple to help them hack an iPhone. Apple refused.

The request stepped up a level on 16 February when a federal magistrate ordered Apple to help the FBI unlock a single iPhone – the phone belonging to one of the killers in the December mass shooting in San Bernardino, California. Apple again refused. ...

“The law operates on precedent, so the fundamental question here isn’t whether the FBI gets access to this particular phone,” said Julian Sanchez, a surveillance law expert at the libertarian-leaning Cato Institute in Washington. “It’s whether a catch-all law from 1789 can be used to effectively conscript technology companies into producing hacking tools and spyware for the government.” ...

The All Writs Act, passed in 1789, gives judges broad authority to ensure their orders are fulfilled. Justice Department lawyers believed it would provide an underpinning for forcing companies to grant them access, sources said. But some of the test cases that involved modern technology companies were either low profile or didn’t fit the right set of circumstances to set a precedent. ...

To Justice Department officials, San Bernardino is a long-awaited test case. In October 2014, the FBI’s James Comey first told a Washington audience that encryption on mobile devices effectively left law enforcement “dark” to emerging threats. Ever since, officials believed it was only a matter of time until they came upon a case like the San Bernardino shootings: a device from a terrorist whose lock screen they couldn’t bypass by guesswork to get at the data held on the phone, and not in Apple’s iCloud. ...

Both sides are gaming out how far their legal strategies will go. Amid speculation that the case is sure to reach the supreme court, litigation is almost certain.

Apple Leads the Charge on Security, But Who Will Follow?

After boldly and publicly rejecting a federal court order to hack an iPhone on Wednesday, Apple CEO Tim Cook could reasonably have wondered: Who’s with me?

The Twitterverse was full of fans. Civil liberties activists were cheering him on. But in Silicon Valley, the initial response was less immediate and effusive.

Google, the other tech behemoth that has promised to make encryption, security, and privacy a priority—but has stalled in implementing unbreakable encryption on its services by default—was notably silent for most of the day. But then Google CEO Sundar Pichai expressed his support in a series of tweets: “Important post by @tim_cook,” he wrote.

“Forcing companies to enable hacking could compromise users’ privacy. We know that law enforcement and intelligence agencies face significant challenges in protecting the public against crime and terrorism. We build secure products to keep your information safe and we give law enforcement access to data based on valid legal orders. But that’s wholly different than requiring companies to enable hacking of customer devices & data. Could be a troubling precedent. Looking forward to a thoughtful and open discussion on this important issue.”

A handful of tech companies and leaders had joined Cook’s call by late afternoon. Among them were Mozilla, anonymous search engine DuckDuckGo, messaging application WhatsApp founder Jan Koum, anonymous browser Tor Project, a private jet charter company, and password managers 1Password and Dashlane.

Los Angeles police officers charged with repeated sexual assaults on women

Two veteran Los Angeles police officers have been charged with repeatedly sexually assaulting four women while on duty, prosecutors announced on Wednesday.

Officers James Nichols, 44, and Luis Valenzuela, 43, are facing multiple charges, including forcible rape, rape under color of authority, oral copulation under color of authority and oral copulation by force, the Los Angeles County district attorney’s office said.

The victims were ages 19, 24, 25 and 34 when the assaults occurred, according to the charges, which say that most, but not all, of the offenses occurred while the officers were on duty. ...

All four of the women were also arrested at various times for drug-related offenses, according to the charges.

The charges come two months after Oklahoma City officer Daniel Holtzclaw was convicted of five counts of rape and 13 other counts of sexual assault in a case that that put the issue of sexual assault by law enforcement officials in the national spotlight.

In a year-long investigation, the Associated Press uncovered roughly 1,000 officers in the US who lost their badges over a six-year period for rape, sodomy and other sexual assault offenses.

Scalia's Hunting Trip Was a Gift From a "Friend" Who Had Business Before the Supreme Court Last Year

Justice Antonin Scalia was taking a free vacation at the exclusive Cibolo Creek Ranch in West Texas when he was found dead inside a guest room Saturday. The trip, the Washington Post reports, was a gift from the ranch’s owner, who just last year obtained a favorable result from the Supreme Court.

The 30,000-acre hunting ranch, located around 30 miles from the Mexican border in the West Texas town of Shafter, is also the home of owner John B. Poindexter, who owns the Houston-based manufacturing firm J.B. Poindexter & Co.

The two men already had a tenuous connection outside of the ranch. Last year, an age discrimination suit filed against the Mic Group, a subsidiary of J.B. Poindexter & Co., reached the Supreme Court, which declined to hear the case.

Walmart earnings add $5bn to Walton family fortune

The Waltons, already the wealthiest family in the US with an estimated $149bn fortune, added a further $5bn last year from dividends and share buybacks at Walmart.

The Walton family collectively owns just over half of Walmart, the world’s largest retailer which on Thursday reported it made revenues of $482bn in the year to the end of January. That is more than Austria, Thailand or the United Arab Emirates make in gross domestic product (GDP) a year, according to World Bank statistics.

Walmart disclosed its earnings to its shareholders by paying out $6.3bn in dividends and repurchasing $4.1bn worth of shares. The Waltons own nearly 54% of Walmart so their share is worth $5.6bn.

The Waltons, descendants of Sam Walton, who founded Walmart as a single store in Arkansas in 1962, are the richest family in the US, according to Forbes with a net worth of $149bn. The Walton fortune is almost twice as much as the country’s second-richest family the Kochs with $86bn.

After a long battle with its army of more than a million workers, Walmart will from Monday increase its pay to a minimum of $10 an hour. However, new workers will still receive $9 an hour until they have completed in-house training. Walmart said the increases would take average full-time workers’ wages to $13.38 an hour and part-time staff to $10.58.

Walmart described the pay hike as “one of the largest single-day, private-sector pay increases ever”. But unions said many Walmart workers still won’t be making enough money to support their families.

Federal Reserve meeting minutes show uncertainty about global economy

Increased uncertainty about global economic and financial developments was among the key concerns weighed by the Federal Reserve in January, according to the minutes of the central bank’s last meeting released on Wednesday.

Fed officials discussed plunging oil prices and slowing growth in China among other potential threats during the 26-27 January meeting, according to the minutes.

Officials were particularly worried about what the slowdown in China would mean for the global financial markets.

“While the exposure of the United States to the Chinese economy through direct trade ties was limited, a number of participants were concerned about the potential drag on the US economy from the broader effects of a greater-than-expected slowdown in China and other emerging market economies,” the minutes said.

Minutes of their discussions show Fed officials acknowledging that the developments made it difficult to forecast growth and inflation prospects. As a result, they decided that the prudent approach was to defer a further hike in interest rates.

Universal Basic Income Floated to Counter UK's Austerity-Driven Cuts

The UK Labour Party is considering proposing a universal basic income that would be paid unconditionally to all citizens, news outlets reported on Wednesday. 

According to The Independent, shadow chancellor John McDonnell said during a talk at the London School of Economics on Tuesday night that the party would not rule out unconditional pay for all members of society.

Such a measure would be counter to the Conservative Party's austerity policies, which McDonnell said had failed. "Austerity is a political choice and it's politically easy because it benefits the elite," he argued. "It's a short term choice."

The Independent notes that Labour Party leader Jeremy Corbyn said during the leadership contest in 2015 that he was interested in the idea of a "guaranteed social wage" but that he believed there were issues that had to be worked through. ...

Meanwhile, Labour/Coop MP Jonathan Reynolds wrote at the New Statesman on Wednesday that he sees basic income "as a policy to cope with inevitable but fundamental economic change," among other things.

"I object to the levels of poverty in this country and believe them to be an indefensible waste of talent and resources," Reynolds argued. "I wonder how many successful businesses, or technological inventions, or medical breakthroughs, we miss out upon because we do not give enough people the platform from which they might fulfill their potential."

After stating his conviction that "many fundamental problems in the UK—be it dealing with economic change, work incentives, poverty or a lack of competitiveness—could be tackled" through basic income, Reynolds concluded: "Moderates within the Labour Party shouldn’t be afraid to embrace radical ideas. I'm coming out for Basic Income."  



the horse race



Another Bernie Sanders crowd photo that should make Hillary Clinton a little jittery


On Monday, I wrote about a picture showing more than 19,000 people packed into a basketball arena in Portland, Ore., to hear Vermont Sen. Bernie Sanders speak. The picture above, from a Sanders rally in Los Angeles on Monday night, shows a reported 27,500 people gathered to "feel the Bern." ...

That's a stunning number of people to hear ANY candidate at ANY time during ANY election cycle. Much less a major underdog for the Democratic nomination in the year before an election. ...

That sort of organic passion and energy is the sort of thing that any politician -- especially one named Hillary Clinton -- would love to have at their back. (As O'Keefe and Wagner note, the largest crowd Clinton has had in this campaign is 5,500.) Sanders has it -- big time.

Chomsky: Bernie Sanders is a ‘Decent, Honest, New-Dealer with the Best Policies’

Noam Chomsky, one of the most prominent socialist-leaning intellectuals in the US, says Bernie Sanders isn’t a socialist, but rather a “decent, honest New Dealer.” He made the comments in a recent interview with Al Jazeera English:

Chomsky gave historical perspective on why being a “new dealer” isn’t such a radical thing, citing a widely-popular, two-term Republican president who outwardly supported the New Deal.

“In the current American political spectrum, to be a New Dealer is to be way out on the left,” Chomsky told Al Jazeera English. Eisenhower, for example. who said anyone who questions the New Deal doesn’t belong in the political system, would be regarded as a raving leftist.”

Bernie Sanders wins most network air time since New Hampshire

Bernie Sanders has done what many political experts deemed impossible: He's turned the Democratic presidential nomination into a real race.

Now he's getting something that also once felt out of reach: News coverage.

Last week, on the heels of his emphatic win in the New Hampshire primary, Sanders drew more coverage from the network evening newscasts than any other presidential campaign in either party, according to new data analysis from Andrew Tyndall.

Tyndall, the author of the Tyndall Report, monitors news content across CBS, NBC and ABC. His latest research found that the nightly news broadcasts on those three networks gave a total of 11 minutes of coverage to Sanders from February 8-12.

That was more than the amount of coverage given to Hillary Clinton (eight minutes), Donald Trump (seven minutes) and Marco Rubio (five minutes). It was also the first week in the current election cycle that network news coverage of Sanders outpaced any other presidential candidate.

Hillary Clinton, With Little Notice, Vows to Embrace an Extremist Agenda on Israel

Former President Bill Clinton on Monday met in secret (no press allowed) with roughly 100 leaders of South Florida’s Jewish community and, as The Times of Israel reports, “he vowed that, if elected, Hillary Clinton would make it one of her top priorities to strengthen the US-Israel alliance.” He also “stressed the close bond that he and his wife have with the State of Israel.” ...

Bill Clinton’s vow of even greater support for Israel is completely consistent with what Hillary Clinton herself has been telling American-Jewish audiences for months. In November, she published an Op-Ed in The Forward in which she vowed to strengthen relations not only with Israel but also with its extremist Prime Minister, Benjamin Netanyahu. ...

Last month, Clinton wrote an even more extreme Op-Ed in the Jewish Journal, one that made even clearer that she intends to change Obama’s policy to make it even more “pro-Israel.” It begins: “In this time of terrorism and turmoil, the alliance between the United States and Israel is more important than ever.  To meet the many challenges we face, we have to take our relationship to the next level.” ...

As always, there is not a word about the oppression and brutality imposed on Palestinians as part of Israel’s decades-long occupation. She does not even acknowledge, let alone express opposition to, Israel’s repeated, civilian-slaughtering bombing of the open-air prison in Gaza. That’s because for Clinton – like the progressive establishment which supports her – the suffering and violence imposed on Palestinians literally do not exist. None of this is mentioned, even in passing, in the endless parade of pro-Clinton articles pouring forth from progressive media outlets.

Beyond progressive indifference, Clinton has been able to spout such extremist rhetoric with little notice because Bernie Sanders’ views on Israel/Palestine (like his foreign policy views generally) are, at best, unclear. Like many American Jews, particularly of his generation, he has long viewed Israel favorably, as a crucial protective refuge after the Holocaust. But while he is far from radical on these matters, he at least has been more willing than the standard Democrat, and certainly more willing than Clinton, to express criticisms of Israel. Still, his demonstrated preference for focusing on domestic issues at the expense of foreign policy has unfortunately enabled Clinton to get away with all sorts of extremism and pandering in this area.

Bernie Sanders Fires Back at Bill Clinton After Tea Party Comparison

Bill Clinton's latest comments on the race for the Democratic nomination were widely interpreted as a criticism directly aimed at Bernie Sanders, who minced few words when given a chance to respond.

“I do understand—obviously—he’s trying to do his best to get his wife to win the nomination,” Sanders told Bloomberg's With All Due Respect. “But we should not be making silly remarks.”

At a rally for Hillary Clinton in Palm Beach on Monday, Bill Clinton never mentioned the Vermont senator by name. But he said the Tea Party succeeded at the ballot box by deciding to “just tell people what they want to hear,” before quickly adding that Democrats have also began “rewarding people who tell us things we know they can't do because it pushes our hot button.”

Lobbyist Superdelegates Tip Nomination Toward Hillary Clinton

Lobbyists are not only staffing and financing Hillary Clinton’s presidential campaign, they’re also tipping the nomination process in her favor by serving as so-called superdelegates to the Democratic National Convention. ...

[Click link above for list of unelected, Clinton-supporting superdelegates who simultaneously work in the lobbying industry and their individual details. - js]

Although they make up only a small proportion of the superdelegates, the presence of lobbyists in such a potentially decisive role adds fuel to the critique that the Democratic Party is influenced by monied special interests. In recent months, the DNC quietly repealed rules instituted by Barack Obama that banned lobbyists from donating to the party.

Asked about the role of lobbyists as superdelegates, DNC spokesperson Deshundra Jefferson referred us to a blog post on Medium by Patrice Taylor, the director of party affairs and delegate selection. The post does not explain why professional influence peddlers were designated as superdelegates. As many commenters have noted, the post by Taylor also uses a distorted pie chart that minimizes the share of superdelegates in the total number of party delegates.




the evening greens


Flint Residents May Have Been Drinking PFCs in Addition to Lead

Residents of Flint, Michigan who drank lead in their water may also have been exposed to perfluorinated compounds, or PFCs, according to a report from the Michigan Department of Community Health.

The May 2015 report showed elevated levels of PFCs in the Flint River — including PFOA, also known as C8, the chemical that spread into drinking water around a DuPont plant in West Virginia and led to a landmark class-action lawsuit. In addition to C8 and PFOS, a similar molecule that’s also based on a chain of eight carbon atoms, scientists found 11 other PFCs in the Flint River ­— more than in any of the other water sources tested around the state. ...

C8, which has been linked to numerous health problems, including immune suppression, thyroid disease, and two types of cancer, has been turning up at dangerous levels in drinking water around the country, including Hoosick Falls in upstate New York, as well as in New Jersey, Colorado, New Hampshire, and Pennsylvania. Repeated calls to regulate C8 have been dismissed. In fact, Susan Hedman, the EPA regional administrator who stepped down in the wake of the Flint lead crisis, has also offered hollow promises on C8.

PFOS, which has been linked to low birth weight in humans and causes a similar set of health problems as C8 does in lab animals, was also found above threshold safety levels for birds and mammals. The amount of PFOS in the Flint River more than tripled between 2001 and 2013, and high concentrations of the other PFCs were found in fish taken from the river.

The Michigan report noted that “a more thorough assessment may be warranted” to determine the impact of PFOS on wildlife in and near the river, and raised the possibility that the government “should assess whether fish consumption advisories” for PFOS are necessary. Surprisingly there is no mention of the impact of PFOS on the Flint residents who were drinking water from the river when the report was issued.

What Did GM & the Governor Know? GM Stopped Using Flint Water Over a Year Before Emergency Declared

Wow, Rick Snyder poisoned people and charged them extra for it, taking the ill-gotten gains for non-water priorities. What a schmuck!

Flint Residents Paid the Highest Rates in the US for Their Lead-Contaminated Water

Even as lead poisoned their water, residents of Flint, Michigan paid the highest prices in the country to keep the tap on, according to a survey of the 500 largest water systems in the United States.

In 2015, a typical household in Flint paid $864.32 a year for the undrinkable water, says the report authored by Food and Water Watch. In a city where four in ten people live below the poverty line, water bills were more than $500 higher than the national and Michigan averages for water from a public utility.  ...

For decades Flint relied on water from Detroit's utility company. Following the larger Rust Belt city upping prices, Flint's state-appointed emergency manager Darnell Earley oversaw the switch to the Flint River in an effort to save the floundering city $5 million over two years. ... But the switch didn't realize savings for the people of Flint. In fact, explained Michael Steinberg, Legal Director of Michigan's ACLU, Flint charged residents higher rates than what it paid to Detroit, as well as additional fees since 2011. To help cope with it's financial emergency, the state-managed city used the money to subsidize general operations.

A circuit court judge ruled in August that this practice was illegal and ordered water bills lowered by 35 percent, compared to when Food and Water watch conducted its research. But Mary Grant, who led the organization's study, said that Flint's prices remain higher than average.

"We see this as an indictment of emergency management and the state taking over a water system and running that system like a business instead of a public service," said Grant.

Michigan's Water Wars: Nestlé Pumps Millions of Gallons for Free While Flint Pays for Poisoned Water

El Niño has passed peak strength but impacts will continue, UN warns

The El Niño that caused record temperatures, drought and floods over the last year has passed its peak strength but will continue to have humanitarian impacts for months to come, the UN has said.

The World Meteorological Organisation (WMO) said the event, which plays havoc with weather systems around the world, was still strong and its impacts on communities in southern Africa, the Horn of Africa and Central America were becoming increasingly apparent. ...

The UN World Food programme warned earlier this week that 100 million people were facing food and water shortages as a result of the El Niño.

The WMO said that although the current episode was closely comparable in strength with the record event of 1997-98, it was too early to say whether the 2015-16 El Niño was the strongest ever. The agency’s confirmation that the peak has passed follows similar recent announcements by national science agencies.


Also of Interest

Here are some articles of interest, some which defied fair-use abstraction.

Blocking supreme court nominations can backfire

Democratic Primary Makes Clear: A Populist Revolution is Coming

'Captured': the art project where people in prison draw 'people who should be'

World Press Photo 2016 winners


A Little Night Music

Archie Bell & The Drells - Wrap It Up

Archie Bell and the Drells - Here I Go Again

Archie Bell &The Drells - Love Will Rain On You

The Tams - Be Young Be Foolish Be Happy

The Tams - What Kind Of Fool

The Tams - Take Away

The Tams - There Ain't Nothing Like Shagging



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This could be trouble

A new German plan to impose "haircuts" on holders of eurozone sovereign debt risks igniting an unstoppable European bond crisis and could force Italy and Spain to restore their own currencies, a top adviser to the German government has warned.

“It is the fastest way to break up the eurozone,” said Professor Peter Bofinger, one of the five "Wise Men" on the German Council of Economic Advisers.
...
Under the scheme, bondholders would suffer losses in any future sovereign debt crisis before there can be any rescue by the eurozone bail-out fund (ESM). “It is asking for trouble,” said Lorenzo Codogno, former chief economist for the Italian Treasury and now at LC Macro Advisors.

This sovereign "bail-in" matches the contentious "bail-in" rule for bank bondholders, which came into force in January and has contributed to the drastic sell-off in eurozone bank assets this year.

Prof Bofinger wrote a separate opinion warning that the plan could become self-fulfilling all too quickly, setting off a “bond run” as investors dump their holdings to avoid a haircut.

Italy, Portugal and Spain would be powerless to defend themselves since they no longer have their own monetary instruments. “These countries risk being hit by a dangerous confidence crisis,” he said.
...
The move is courting fate at a time when Portugal is already in the eye of the storm, facing a slowing economy and a clash with Brussels over austerity.

The risk spread on Portugal’s 10-year debt surged to 410 basis points over German Bunds last week, pushing borrowing costs back to unsustainable levels in real terms. Portugal’s public debt is 132pc of GDP. Total debt is 341pc, the highest in Europe. The country is in a debt-deflation trap and requires years of high growth to escape.

“Portugal is close to losing market access,” said Mark Dowding, from bond manager Blue Bay. “We saw very ugly conditions last week, and large US managers invested in Portugal have been looking to exit those positions. With fund redemptions going on, it is a perfect storm.”

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joe shikspack's picture

is it me or does it really seem like the eurozone falling apart is just a matter of time?

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NCTim's picture

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The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself. - Friedrich Nietzsche -

joe shikspack's picture

i thought that you might dig the tams who hail from your neck of the woods, er, beach.

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mimi's picture

I think I am holding my breath and wait til Saturday, then I hopefully can exhale, til I hold my breath again and cross my fingers til the next Saturday. And definitely I do not want to hold my breath after that for any Saturday thereafter. Win already, Bernie. I bern so much, I am burned out.

Have a good evening, all. Am going to enjoy some music now.

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joe shikspack's picture

sounds like you're experiencing a hunk of bernie love...

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mimi's picture

I better stop berning. I don't like Elvis Presley's burning love. Don't know why, but I never liked Elvis Presley's music. May be you know why?

Ok, I am cool now. Thanks. God, let there be an end to this season. Amen.

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Shahryar's picture

There are distinct periods of his career and, for me, anything after 1961 is not my cup of tea. I like the early rockabilly/r&b type stuff on Sun and then a bunch of his early RCA tunes. Occasionally, once he got out of the Army he had a few good songs but that stint really ended his greatness.

Good Elvis

more Good Elvis

Good Enough Elvis

Popular but Elvis I can do without

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mimi's picture

and the songs are quite good. I think what it is with me an Elvis, I don't like to look at him. If I just hear the music, it's mostly fine, but the visuals, his hair style, it was fashionable in the US, but ... I guess I am not a girl of the 1950 ies and early sixties and have no sensitivities for that period of music (unless it's black musicians with blues/jazz/soul and probably there are some white musicians too from that time period I like, but I don't know them by name). A shame if it was his army stint that changed him. The very early songs you posted I like. Smile

Thank you, Shahryar.

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MarilynW's picture

and why doesn't that person want to be identified? After all they were not doing anything criminal, just hunting some innocent blue grouse and accepting a free gift from a rich friend. What's wrong with that?

Thanks Joe, you are always on the money.

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To thine own self be true.

joe shikspack's picture

heh, i bet his secret guest was dick cheney who probably "accidentally" shot him.

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Pluto's Republic's picture

AND HERE COMES THE BENGHAZI REPORT!!! OR MAYBE NOT

Rep. Trey Gowdy, the ringleader of the House GOP Benghazi probe, released a statement this morning boasting that the committee has gained access to new national security information and has interviewed dozens of witnesses never before interviewed in all the previous Benghazi investigations. Gowdy promised that the results would be released “as soon as possible.”

Hmmm. Something tells us that “as soon as possible” may somehow stretch into eight months…meaning the probe’s findings will be released in October, just before the election.

Gowdy is the first adult human I've ever seen with a perfect point on top of his head.

Again, I call for brain scan requirements for all elected officials in the Federal government.

(The only pertinent damage that is available to Gowdy is classified; Chris Steven's gun-running the CIA provided weapons used by hired rebels to topple Gaddafi — from Benghazi to Turkey for distribution to Syria's fake rebels.)

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____________________

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

it's amazing that the rethugs have been investigating hillary's connection to libya and have been ever so careful to miss the obvious crimes.

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Unabashed Liberal's picture

but thought this piece was worth posting. (If already posted, please disregard--I've had about 20 minutes to 'blog' today.)

Is It All Just A Publicity Stunt: Apple Unlocked iPhones For The Feds 70 Times Before

Submitted by Tyler Durden on 02/18/2016 16:23 -0500

The event that has gripped the tech and libertarian community over the past 48 hours has been Tim Cook's stern refusal to comply with a subpoena demanding that Apple unlock the iPhone 5C belonging to one of the San Bernardino shooters for a full FBI inspection.

As reported previously, Judge Sheri Pym of U.S. District Court in Los Angeles said on Tuesday that Apple must provide "reasonable technical assistance" to investigators seeking to unlock data on - in other words hack - an iPhone 5C that had been owned by Syed Rizwan Farook, one of the San Bernardino shooters.

So far Tim Cook has refused to comply, saying said his company opposed the demand from the judge to help the FBI break into the iPhone. Cook said that the demand threatened the security of Apple's customers and had "implications far beyond the legal case at hand." . . .

According to the The Daily Beast's Shane Harris, in a similar case in New York last year, Apple acknowledged that it could extract such data if it wanted to. But the real shocker is that according to prosecutors in that case, Apple has unlocked phones for authorities at least 70 times since 2008. (Apple doesn’t dispute this figure.)

As Harris observantly adds, "in other words, Apple’s stance in the San Bernardino case may not be quite the principled defense that Cook claims it is." . . .

~ ~ ~ ~ ~

Been listening to both Dem and Repub townhalls.

If you shut your eyes, you would think that you were listening to WJC when Kasich speaks. Truly scary!

Earlier today, I heard (on CNN) a reporter at a AA beauty parlor in SC. As I've mentioned, Kasich boasts of getting a quarter of the AA vote in Ohio. And true to course, the ONLY Repub that the patrons there 'liked'--John Kasich!

From what I'm hearing, the One Percent is pushing for a Kasich/Rubio ticket (or, possibly a Rubio/Kasich ticket) on the Republican side of the isle. We listen to all of the debates. These two candidates are both absolutely determined to 'deal with the deficit' by slashing taxes for 'the wealthy' and corporations, and slashing so-called 'entitlements.' And, since the expectations for Kasich are so low, if he can scrap up the money to make it through to Michigan and the Midwest primaries, he won't be pressured to drop out, anytime soon. Whew!

Oh, can't believe this--FSC just shouted "Basta!" What a panderer. Bet Twitter will light up tonight!

Wink

Hey, thanks for tonight's EB, Joe; have a nice evening, Bluesters!

Bye

Mollie
elinkarlsson@WordPress


"If there are no dogs in Heaven, then when I die I want to go where they went."--Will Rogers
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Everyone thinks they have the best dog, and none of them are wrong.

enhydra lutris's picture

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That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

mimi's picture

I wished I would have the capacity to write such good article myself.I would have posted it immediately on the gos. Ha. But helas, I am not that smart a writer or woman, but luckily I can read and post part of it here. A couple of days ago I said that I am a lousy feminist, yeah, I am and here is why. (Can you hear me now? Sister Sonali Kolhatkar speaks my mind.)

A Woman in the Presidency Is Simply Not Enough Ouch !

Former Secretary of State Madeleine Albright tried to issue a mea culpa in The New York Times last week for her recent remarks suggesting that women who are not planning to vote for her friend Hillary Clinton should be condemned to hell.
Albright wrote, “I so firmly believe that, even today, women have an obligation to help one another.”
She added:

The battle for gender equality is still being waged, and it will be easier if we have a woman who prioritizes these issues in the Oval Office and if the gender balance among elected officials reflects that of our country. When women are empowered to make decisions, society benefits. They will raise issues, pass bills and put money into projects that men might overlook or oppose.

Really? Well, that is a very kind appreciation of a woman's work and intent, but that may be true in some family lives (and even not always) and it doesn't translate and pass necessarily into politics.

But it is also true that simply having female politicians in office will not ensure that feminism, progressive values or compassion are priorities. In fact, to assume so is sexist.
...they are to be strongly commended for the chauvinist barriers they have undoubtedly faced and overcome. But in breaking through the glass ceiling, they have conducted themselves first and foremost as skillful politicians rather than as progressive women.

So, take Afghanistan as an example:

Rebuilding a post-Taliban Afghanistan that was friendly to women was touted as one of the great post-9/11 U.S. foreign policy achievements—except that it didn’t work. Today, Afghanistan is such a hostile place for women that they might as well be living under the Taliban ...

In the aftermath of the Taliban’s fall in 2001, women in Washington often spoke about rebuilding the country in a way that ensured that “women had a seat at the table.” Indeed, this language has become so ubiquitous that it is now shorthand for women’s equality and human rights. The image of a large diplomatic roundtable bringing together all the “stakeholders” (another favored term)—armed warlords and Taliban as well as “women” (any women will do)—conjures up an idealistic vision of democracy and peace. It is a vision that has proved to be empty.

I dunno about you, but each time I hear the word "stakeholders" I see a group of people holding sticks in their hands and wave them around like wannabe revolutionaries while standing up around the diplomatic roundtables...

Clinton (along with Laura Bush) upheld such intellectually bankrupt notions of women’s rights through her work with the U.S.-Afghan Women’s Council. Educated and well-placed liberal Afghan women were trained to speak with the media and >thrust into positions of power as placeholders to demonstrate that women’s rights had been achieved. Yet it turns out that most Afghan women in the country’s new parliament are “sisters and wives of warlords or tribal leaders chosen merely to fill the required quota of women.”

Something ain't working just by itself with the stakeholders and placeholders and quotas. I guess some beef is missing.

You cannot simply seat women at a table full of armed woman-haters and magically produce democracy and justice.

The same sort of women in Washington, D.C.—including Clinton and Albright—want us to believe that placing a woman, specifically a woman who will not rock the boat, in the White House, is a panacea for women’s rights. Ordinary American women are expected to celebrate this as a victory, whether it impacts their lives in a positive and practical manner or not.

Oh well, of course similar thing went on in 2008.

Eight years ago, we saw a similar dynamic play out in the election of Barack Obama.

Heh. I am not going there, you can read if for yourself. I support what she writes. But I wouldn't have dared to say that on the gos...and that is not good.

I think I have the obligation to help the women and black men that represent my values best. There is no obligation to any sort of "default" solidarity to a gender or a race, imo. But I know people don't like me for that.

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