Tuesday, August 30, 2011

More Articles/Links

"Insights & Observations"

Climate Change Offers Us An Opportunity by Jim Geraghty

Excerpt:

Our current blazingly hot summer is spurring another go-round of exhausted arguments about climate change, whether it is "real" and "is it man-made?"

As President Obama and his aspiring replacements grapple with how to handle this emotional issue, they have left one avenue largely unexplored: the often-ignored fact that climate change will help the U.S. economy in several ways and enhance, not diminish, the United States' geopolitical power.

In fact, the United States and its allies will be best situated to adapt to a changing climate. Besides a longer growing season, Americans will see economic benefits from the opening of the Northwest Passage, a sea route connecting the Pacific and Atlantic running north of Alaska and Canada. Rising temperatures will thaw out the frozen course and offer a much faster and cheaper method for transoceanic shipping - saving perhaps $1 million per trip.

With this thawing will come access to a treasure trove of resources - from nearly a quarter of the world's undiscovered oil and gas reserves, to large deposits of rare earth minerals that power everything electronic, to perhaps the oil of the 21st century: fresh water supplies in the form of polar ice.

Americans are a largely optimistic people who easily tune out doomsaying and austerity (witness the debate over the debt). But we're quick to spot opportunities and have pride and continuing faith in our own ability to achieve technical marvels such as the moon landing. Rather than our doom, climate change could be the centerpiece of ensuring a second consecutive American Century.


Continue To Crater

Not O.K. at the O.K. Corral by Maureen Dowd


Column: Grand Ol' Party

King In His Rightful Place by Charles Krauthammer

Excerpt:

It is one of the enduring mysteries of American history - so near-providential as to give the most hardened atheist pause - that it should have produced, at every hinge point, great men who matched the moment.

Equally miraculous is Martin Luther King Jr. Black America's righteous revolt against a century of post-emancipation oppression could have gone in many bitter and destructive directions. It did not.

Transcending all forms of sectarianism to achieve a common humanity was, of course, a major element of King's thought. But it was not the only one. He consciously rooted civil rights in the American story, not just for tactical reasons of enlisting whites in the struggle, but because he deeply believed that his movement, while fiercely adversarial, was quintessentially American - indeed, a profound vindication of the American creed.

In the heart of the nation's capital, King now literally takes his place in the American pantheon, the only non-president to be so honored. Now there is no room for anyone more on the shores of the Tidal Basin.

This is as it should be.


The Deep Pools Where The Towers Once Stood Powerfully Evoke Loss

9/11 Memorial: A Void Unfilled by Inga Saffron


Nation & World

House GOP Aims To Spike Rules It Believes Cost Jobs by Jim Abrams

Excerpt:

WASHINGTON - The House Republican agenda this fall will focus on repealing environmental and labor regulations that GOP lawmakers say are driving up the cost of doing business and discouraging employers from hiring new workers.

House Majority Leader Eric Cantor of Virginia wrote in a memo to his fellow Republicans that as soon as Congress returns to Washington next week, he would start bringing up bills to repeal or restrict federal regulations. He also said the House would act on a small-business tax deduction. The memo was released Monday.

"By pursuing a steady repeal of job-destroying regulations, we can help lift the cloud of uncertainty hanging over small and large employers alike, empowering them to hire more workers," Cantor said in his memo.

The House will consider a bill to delay implementation of new Environmental Protection Agency emission and air-pollution rules for utility plants until the full impact of the Obama administration's regulatory agenda has been studied. Cantor said the new rules could drive up electricity bills in many parts of the country by 12 to 24 percent.

Also on the agenda are new EPA emission rules for boilers that Cantor said could put 200,000 jobs at risk, and similar regulations for cement and coal ash.


The Truth About Truthers

Scenes From The Fractured 9/11 Activist Movement by Partick Rapa


Letter To The Editor

Fumo doesn't deserve more time

The Inquirer editorial calling for more time for former State Sen. Vincent J. Fumo is unfortunate ("Crime deserves more time," Thursday).

The government is asking for a 21-year sentence for a 68-year-old defendant. That's tantamount to a life sentence.

Not to diminish the severity of Fumo's offenses, but the fact remains he has no prior criminal record, was not convicted of a violent crime, and there were no wholesale victim impact statements. To sentence any defendant to what would inevitably be a life sentence under such circumstances is, in my opinion, "cruel and unusual punishment," which is prohibited by the U.S. Constitution.

U.S. District Judge Ronald L. Buckwalter can fix any computation errors, offer a more detailed rationale for his decision, and impose the same 55-month sentence. As for The Inquirer's vigilante-style poll about his sentence, I view it as nothing more than an attempt to influence the court. Wasn't the scathing editorial enough?

Albert Whitehead, Philadelphia


A Man From Western Pa. Is The World Champion At Sending Stones Over The Water

Skipping His Way To More Fudge by Kristi Cummins


Tuesday, August 23, 2011

Listicle Without Commentary

The Clash - Rat Patrol From Fort Bragg

1) "The Beautiful People Are Ugly Too" – 3:45
2) "Kill Time" – 4:58
3) "Should I Stay or Should I Go" – 3:05
4) "Rock the Casbah" – 3:47
5) "Know Your Rights" (extended version) – 5:04
6) "Red Angel Dragnet" – 6:12
7) "Ghetto Defendant" – 6:17
8) "Sean Flynn" – 7:30
9) "Car Jamming" – 3:53
10) "Inoculated City" – 4:32
11) "Death Is a Star" – 2:39
12) "Walk Evil Talk" (instrumental) – 7:37
13) "Atom Tan" – 2:45
14) "Overpowered by Funk" (demo) – 1:59
15) "Inoculated City" (unedited version) – 2:30
16) "First Night Back in London" – 2:56
17) "Cool Confusion" – 3:10
18) "Straight to Hell" (extended version) – 6:56


Hat-Tip: The Awl.com & Zoe Strauss

Friday, August 19, 2011

House of Cards



Letters To The Editor

Re: Raising Business Taxes Does Affect Job Creation

Dear Sir,

Mr. Daniel J. Prasalowicz (CEO of Mr. Sandless) should hire an honest accounting firm. His highly leveraged business model is outdated and unsustainable. His bottom-line may "show a hefty profit... but uses the extra money to pay off debt."

Does this sound like "profit?" More like setting the groundwork for another over-hyped & over-valued I.P.O. (Initial Public Offering).

Case in point: "All raising my taxes will do is hurt the growth of my company and the creation of jobs. Take more money in taxes, and I will make cuts - payroll being first."

Sadly, the saber-rattling noise and fear-mongering espoused by Mr. Prasalowicz is music to the ears of the investment & business communities.

Sincerely,

(Name Redacted)
Philadelphia, Pa


Our Wealth Is Now The Banks'

The Fed loaned $16 trillion of our money to its owner member banks within the past few years, so they can buy up the cheap assets from the crash they created. These banks aren't too big to fail; they are too evil to let live.

Charles Michael Couch, via e-mail


Give Them Just What They Want

What you are witnessing is not just an accident; it is all in the plan. Boom and bust is the design. Boom, working people create wealth out of labor. Bust, Banks collapse the available currency and steal the wealth for pennies on the dollar. How many times do the people have to see this story to get it?

Charles Couch, via e-mail


From the N.Y. Times Archives:

Weak Results Are Projected For Wall Street

By ERIC DASH
Published: July 11, 2011

Only a few short months ago, JPMorgan Chase traders were on such a roll that they did not have a single losing day in the first quarter.

But when the bank reports its second-quarter results this week, that hot streak will have come to an end. Analysts expect JPMorgan to count an almost 20 percent drop in its sales and trading revenues, reflecting a slowdown in investor activity and the dismal performance of its fixed-income and commodities groups.

Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are expected to report similar news. After helping prop up Wall Street during the financial crisis, core trading revenue is projected to drop, on average, by as much as 25 percent from the first quarter, according to Credit Suisse research.

That will put further pressure on the banks' growth prospects, which are already strained by stagnant loan growth and more stringent regulation. It is also prompting nearly every major Wall Street firm to contemplate another round of layoffs amid growing concerns that at least part of the weak results are permanent.

''We are undoubtedly being impacted by lower levels of activity,'' said William Tanona, a financial services analyst with UBS. ''There is a lot of uncertainty out there.''

Together, the five Wall Street banks are still going to take in more than $20 billion from their core trading operations, largely from business done on behalf of clients. For example, the banks routinely help airlines hedge oil prices or bring together buyers and sellers of stock, bonds and other complex securities -- often putting their own money on the line to facilitate a trade. But during the second quarter, the business was particularly hard hit.

Trading volumes fell sharply as investors became unnerved by the running debt crisis in Europe, the political standoff over the debt ceiling in the United States, and lingering concerns over the anemic growth of the broader economy.

Continued on Page 2


Nation & World

President Obama Hits The Campaign Trail; Pretends To Be A Democrat

"White House Weighs Harder Line With GOP. Compromise didn't work, Aides urge exploiting rival's weakness."


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Factoid: The bottom 50 percent of households, based on pretax income, make less combined than the top 1 percent. Only three decades ago, the bottom half made more than twice as much.

-- David Leohardt

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Wednesday, August 17, 2011

Monday, August 15, 2011

Courtesy of FLP

Free Books Added To Personal Library:

Book by Book: Notes on Reading and Life by Michael Dirda
Henry Holt and Company, L.L.C. (2005)

The NY Times Guide to Coin Collecting by Ed Reiter
St. Martin's Griffin (2002)

Foxfire 7 - Edited with an Introduction by Paul F. Gillespie
Anchor Books & Press/Doubleday (1973/1982)

The Magian Gospel of Brother Yeshua
Realized through the Consciousness of Carolus Magus
The Magian Press (1979)

The Unit by Ninni Holmqvist
Other Press (2008)