We Can Have Nice Things: "We CAN have nice things. We can provide a well-paying job for anyone who wants one. Medicare-for-All. Child care. Tuition-free public college and excellent public schools. Modern infrastructure including high-speed rail from city to city. We CAN have nice things that make our lives better. The US government issues its own currency. That means We the People can spend on what we want and need without worrying about 'how to pay for it.' We just pay for it by issuing money. The government can't go bankrupt."
Charlie Pierce, "If the Democrats Don't Learn This Lesson, They Deserve to Lose Forever: Progressive candidates can win anywhere. Contest every race."
Apparently, the Trump administration's trade reps are doing a better job than you'd expect. You know this because: "Chamber calls many Trump administration NAFTA proposals 'dangerous'" And the Chamber is against those changes for the usual reasons, too. "In an unusual turn, the AFL-CIO - which on Thursday gave the Trump administration an "F" for the openness of the negotiations - came to the defense of U.S. Trade Representative Robert Lighthizer, who is spearheading the NAFTA talks. 'The U.S. Chamber's negative reaction to even discussing creative trade solutions reveals a lot about how much corporate CEOs benefit under the NAFTA status quo,' AFL-CIO President Richard Trumka said in a statement Friday. He also accused the business group of trying to keep 'the same old broken trade rules' at the expense of working people."
I've always found the "libertarians" a good place to get a bitter laugh, not least because of their ludicrous argument that the right to bear arms will protect us from tyranny. Never mind that hundreds of years of history already show that tyrants can take over without ever troubling about citizens with guns - the Russian people had guns, as did the German people - but they still say this as if it had any foundation at all. (It's not even the reason for the Second Amendment, which had more to do with George Washington's disgust at how badly untrained and unregulated militias performed, and the founders' hope that well-regulated local militias would prevent the existence of standing armies. Alas, no.) But with the data showing that guns aren't much use for self-defense and a stadium full of people with guns would only have resulted in more deaths rather than fewer in the most recent high-profile shooting tragedy, Matt Taibbi says, "The Gun Lobby Is Down to Its Last, Unconvincing Excuse: Las Vegas rips apart the "good guy with a gun" justification, leaving only a flawed constitutional take to justify the madness. [...] Here's my question about that. Where were all these heroic tyrannophobe gun owners during the unprecedented expansion of police and surveillance powers that took place after 9/11? Answer: nowhere. We didn't hear them shrieking about habeas corpus becoming a joke in the Bush years, or torture and extrajudicial assassination becoming standard practices. We didn't hear them protesting the vast expansion of the classification of government documents, or complaining about the widespread abuse of material witness statutes, the national security letter provision of the Patriot Act, or a hundred other problems. Nor did they ever protest aggressive new domestic enforcement policies like stop-and-frisk and predictive policing, for the obvious reason that those programs were mostly directed against minorities in poor neighborhoods." It's even weirder than that, when you consider how much they hated Obama and kept talking about what a fascist dictator he was - and he even declared himself to have the right to kill American citizens without trial, and did so - but they didn't exactly overthrow the tyrant, did they?
Zach Carter, "Trump's Tax Plan Is An Act Of Political Domination By The Rich: But at least we don't have to pretend it isn't. Most Americans suffer from the unfortunate delusion that economic problems are violations of some mathematical order. When recession, severe inflation or other hard times engulf society, it is because the sacred equations have been angered. If we adjust the right variable just so, a set of very important numbers will respond appropriately, and a process of mystical, self-sustaining prosperity will begin. Knowledge of these secret statistical potions is closely guarded, and its practitioners deploy sophisticated abstractions to explain away common-sense calls for reform. Why do so many people work 60-hour weeks for poverty wages while a few luxuriate in the fabulous returns of interest-bearing assets? Why are the citizens of Puerto Rico threatened by a deadly social collapse while the fruit of the island's labor is shipped to Wall Street bondholders? The answer surely cannot be that some wealthy members of our society are exercising political power over the lives and incomes of others. We must consider growth, productivity, liquidity, gross domestic product and the debt-to-GDP ratio. But at the heart of every important economic issue are simple and straightforward power relationships. When you are in debt, someone else has financial power over the ordering of your affairs. Wealth enables rich people to buy their way out of troubles that overwhelm the lives of the poor. For much of our history, the American government granted some people the right to own other people. Economic problems are political problems. They have always been so; they can never be otherwise."
Zack Carter and Ben Walsh, "Congress Is Doing A Huge Favor For BofA While No One Else Watches: WASHINGTON ? House and Senate committees will consider an obscure bill called the 'Fair Access to Investment Research Act' on Thursday. It will not be a major media event. The bill, which will likely sail through Congress, will not cause a new financial crisis, bar millions from accessing health insurance or undermine any foreign policy alliances. But it will help one company - Bank of America - make money by avoiding lawsuits. [...] But even if Democrats do stop it ? Sen. Elizabeth Warren (D-Mass.) has filed an amendment that would eliminate one of the most glaring problems with the bill ? the fact that a favor for Bank of America is the source of bipartisan cooperation on Capitol Hill speaks volumes about congressional priorities." The bill passed in the House.
"The U.S. Voted Against a U.N. Resolution Condemning Death Penalty for LGBTQ People: President Donald Trump's administration is facing strong backlash from civil rights groups after voting against a U.N. resolution that condemns using death penalty to punish 'consensual same-sex relations.' The U.N. Human Rights Council approved the measure on Friday with a 27-13 vote, with seven countries abstaining. The United States, led by Amb. Nikki Haley, voted for an amendment to the resolution that said the death penalty was not necessarily a human rights violation, and voted against amendments urging countries to stop using experimental drugs in executions. [...] The Trump administration's vote is nothing new - presidents from both parties have long objected to U.N. resolutions critical of capital punishment. In December 2016, for example - in the final weeks of Obama's presidency - the U.S. voted against a resolution urging states not to execute minors, pregnant women, and the intellectually disabled.
Russ Feingold in the Guardian, "Will the fate of America's democracy be decided by this US supreme court case? On Tuesday, the US supreme court hears oral arguments in Gill v Whitford. This will open the door for a potentially precedent-setting ruling on the constitutionality of partisan gerrymandering - the process of redrawing electoral districts in order to favor one party over another."
"Common Cause challenges partisan gerrymandering in NC: In a potentially landmark lawsuit, Common Cause and the N.C. Democratic Party Friday launched the nation's latest challenge to partisan gerrymandering. The suit, filed in a federal court in Greensboro, follows a long parade of redistricting litigation in North Carolina. It's also one of several suits around the country contesting the use of partisanship in drawing political boundaries."
"Early Medicaid Expansion Associated With Reduced Payday Borrowing In California: We examined the impact of California's early Medicaid expansion under the Affordable Care Act on the use of payday loans, a form of high-interest borrowing used by low- and middle-income Americans. Using a data set for the period 2009-13 (roughly twenty-four months before and twenty-four months after the 2011-12 Medicaid expansion) that covered the universe of payday loans from five large payday lenders with locations around the United States, we used a difference-in-differences research design to assess the effect of the expansion on payday borrowing, comparing trends in early-expansion counties in California to those in counties nationwide that did not expand early. The early Medicaid expansion was associated with an 11 percent reduction in the number of loans taken out each month. It also reduced the number of unique borrowers each month and the amount of payday loan debt. We were unable to determine precisely how and for whom the expansion reduced payday borrowing, since to our knowledge, no data exist that directly link payday lending to insurance status. Nonetheless, our results suggest that Medicaid reduced the demand for high-interest loans and improved the financial health of American families. "
David Dayen in The Nation, "Special Investigation: How America's Biggest Bank Paid Its Fine for the 2008 Mortgage Crisis - With Phony Mortgages!: Alleged fraud put JPMorgan Chase hundreds of millions of dollars ahead; ordinary homeowners, not so much. [...] Here's how the alleged scam worked. JPMorgan moved to forgive the mortgages of tens of thousands of homeowners; the feds, in turn, credited these canceled loans against the penalties due under the 2012 and 2013 settlements. But here's the rub: In many instances, JPMorgan was forgiving loans on properties it no longer owned."
* Sam Seder discussed the story with Dday on The Majority Report.
* Charlie Pierce asked, "How Is This Not Fraud?" Charlie, it is fraud.
PDF of "FINANCIAL SERVICES COMMITTEE DEMOCRATS: THE MEGABANK ACCOUNTABILITY AND CONSEQUENCES ACT: Running a federally-chartered or federally-insured bank is a privilege, not a right. When megabanks repeatedly exhibit indifference toward consumer protection and demonstrate that they are incapable of complying or unwilling to comply with U.S. laws and regulations, they should be promptly shut down. To date, the federal prudential banking regulators (The Office of the Comptroller of the Currency, The Federal Deposit Insurance Corporation, and the Federal Reserve Board) have neglected to fully exercise their authorities to shut down such a megabank and hold culpable executives and board directors individually accountable. To that end, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, is introducing the Megabank Accountability and Consequences Act to require the federal prudential banking regulators to fully utilize existing authorities - such as the ability to shut down a megabank and ban culpable executives and directors from working at another bank - to stop megabanks that clearly and repeatedly engage in practices that harm consumers. The bill also clarifies and enhances the enforcement tool kit to ensure that megabanks and their executives will be held accountable for repeatedly breaking the law and harming consumers."
Ari Berman in Mother Jones, "Trump Election Commission Leader Sought a Radical Change to a Key Voting Law: New documents show that Kris Kobach wanted Trump to make it much harder to register to vote."
"IMF: higher taxes for rich will cut inequality without hitting growth: Analysis supports tax strategy of Jeremy Corbyn's Labour in UK - and undermines that of Donald Trump in US. Higher income tax rates for the rich would help reduce inequality without having an adverse impact on growth, the International Monetary Fund has said. The Washington-based IMF used its influential half-yearly fiscal monitor to demolish the argument that economic growth would suffer if governments in advanced Western countries forced the top 1% of earners to pay more tax. The IMF said tax theory suggested there should be 'significantly higher' tax rates for those on higher incomes but the argument against doing so was that hitting the rich would be bad for growth. But the influential global institution said: 'Empirical results do not support this argument, at least for levels of progressivity that are not excessive.' The IMF added that different types of wealth taxes might also be considered."
"US police killings undercounted by half, study using Guardian data finds: US police killings undercounted by half, study using Guardian data finds "
"Brazil's President Michel Temer Says Rousseff was Impeached for Refusing His Economic Agenda: Brazilian President Michel Temer let an open secret become explicitly clear during a speech to business and foreign policy leaders yesterday in New York. The country's elected and now-removed President, Dilma Rousseff, was impeached because of her position on economic policy, rather than any alleged wrongdoing on her part, her installed successor admitted. Temer's stunning, and seemingly unscripted, acknowledgement will surely bolster the view of impeachment opponents that Dilma's removal was a 'parliamentary coup d'etat.'"
I can't believe the number of hate threads that were generated by the announcement that one of the speakers on the first night of the women's convention would be Bernie Sanders. Sanders is not the only male speaker, and the headliner is Maxine Waters, but when some news outlets put out the story, you'd have thought he was the only speaker invited, to see some of the ridiculous nuttery on Twitter. (Hillary Clinton had already declined to attend.)
William Lazonick in The Harvard Business review, "Profits Without Prosperity: Five years after the official end of the Great Recession, corporate profits are high, and the stock market is booming. Yet most Americans are not sharing in the recovery. While the top 0.1% of income recipients - which include most of the highest-ranking corporate executives - reap almost all the income gains, good jobs keep disappearing, and new employment opportunities tend to be insecure and underpaid. Corporate profitability is not translating into widespread economic prosperity. The allocation of corporate profits to stock buybacks deserves much of the blame. Consider the 449 companies in the S&P 500 index that were publicly listed from 2003 through 2012. During that period those companies used 54% of their earnings - a total of $2.4 trillion - to buy back their own stock, almost all through purchases on the open market. Dividends absorbed an additional 37% of their earnings. That left very little for investments in productive capabilities or higher incomes for employees."
"How military outsourcing turned toxic: new Propublica logoIn August 2016, an inspector from the U.S. Environmental Protection Agency arrived at Barksdale Air Force base in Louisiana, a nerve center for the U.S. military's global air combat operations, to conduct a routine look at the base's handling of its hazardous waste. Barksdale, like many military bases, generates large volumes of hazardous materials, including thousands of pounds of toxic powder left over from cleaning, painting and maintaining airplanes. For years, Barksdale had been sending a portion of its waste to an Ohio company, U.S. Technology Corp., that had sold officials at the base on a seemingly ingenious solution for disposing of it: The company would take the contaminated powder from refurbished war planes and repurpose it into cinderblocks that would be used to build everything from schools to hotels to big-box department stores - even a pregnancy support center in Ohio. The deal would ostensibly shield the Air Force from the liability of being a large producer of dangerous hazardous trash. The arrangement was not unique."
"The Scariest Thing About Trump's Presidency Is How Little Has Actually Changed [...] This is the very best advice I could give anyone who's trying to piece together an intelligent worldview in an information age that is saturated in establishment propaganda: ignore the stories and watch events. Ignore the rude tweets, the Russia hysteria, the partisan feuds, the wedge politics etc., and look instead at who gets richer, who gets poorer, what actually happens to all the money, how that money influences politics, the legislation that actually gets passed, the military budget which continually expands, the military interventionism which marches on unimpeded, the surveillance network which continues to encircle the globe with an ever-tightening fist, the governments which fall into alignment with America and what happens to the governments that don't, etc. This will tell you everything you need to know about what's really happening in your world, who your real enemies are, and what humanity is really up against."
"Somtow wins European Cultural Achievement award: Thai composer, conductor and novelist Somtow Sucharitkul has won the 2017 European Award for Cultural Achievement."
"A Review of What Happened by an Author Who Insists He Has Never Heard of Hillary Clinton or the 2016 Election [...] We saw it happen not because Hillary Clinton is particularly wretched or terrible - no one person is so consequential - but because the depravity of our empire is straining under its own weight. Because it is barely able to tolerate its contradictions anymore. Hillary Clinton is not singularly responsible for any of this, but this book is not about Hillary Clinton, not really. It's about power. I meant that. It's about what you have to believe if you believe that an adequate response to the present moment consists of trusting the experts, recalibrating the polling computer, and returning the Democratic Party to power. It's about what to do if you missed what happened, if you forgot what happened, if you want all of this to happen again."
Adam Johnson at FAIR, "Media's Grim Addiction to Perseverance Porn [...] These stories are typically shared for the purposes of poor-shaming, typically under the guise of inspirational life advice. 'This man is proof we all just need to keep walking, no matter what life throws at us,' insisted Denver ABC7 anchor Anne Trujillo, after sharing one of those stories of a poor person forced to walk thousands of miles a year to survive. A healthy press would take these anecdotes of 'can do' spirit and ask bigger questions, like why are these people forced into such absurd hardship? Who benefits from skyrocketing college costs? Why does the public transit in this person's city not have subsidies for the poor? Why aren't employers forced to offer time off for catastrophic accidents? But time and again, the media mindlessly tells the bootstrap human interest story, never questioning the underlying system at work. [...] Journalism is as much - if not more - about what isn't reported as what is. Here a local reporter is faced with a cruel example of people falling through the cracks of the richest country on Earth, and their only contribution is to cherry-pick one guy who managed - just barely - to cling on to the edge. [...] It's part of a broader media culture of anecdotes in lieu of the macro, moralizing 'success' rather than questioning systemic problems. Perseverance porn may seem harmless, but in highlighting handpicked cases of people overcoming hardship without showing the thousands that didn't - much less asking broader questions as to what created these conditions - the media traffics in decidedly right-wing tropes. After all, if they can do it, so can you - right?"
Bill Black, "Is Politico or Third Way More Divorced from Reality? [...] I have written several times and documented that Third Way is a creature of, and devoted to, Wall Street's CEOs. Third Way's con is describing itself as 'centrist.' Wall Street CEOs are not centrist. They include the world's most powerful and destructive predators and parasites. The 'left, right, center' metaphor does not apply to a group like Wall Street's CEOs. The latest media sucker to fall for Third Way's con is Politico. Politico fell whole hog, calling Third Way a 'center-left think tank.' Fortunately, Google's recent purge of New America Foundation scholars has proved that 'think tanks' financed by elite corporate CEOs are oxymorons run by regular morons. The one thing you can never do as a scholar at a faux 'think tank' like Third Way is actually think - and then make public the perfidy of the corporate CEOs that fund the non-think tank. Third Way is Wall Street on the Potomac, so it is preposterous to call it 'center-left.' It keeps its corporate funders secret to maximize their corrupting influence. It is one of many Pete Peterson front groups."
"These are the Facebook posts Russia used to undermine Hillary Clinton's campaign: Russian Facebook and Twitter accounts masqueraded as pro-Trump Americans when they took aim at Clinton." The idea that anyone who would otherwise have voted for Clinton would have paid attention to this stuff is just completely laughable.
"Beautiful Girls Scribe Scott Rosenberg On A Complicated Legacy With Harvey Weinstein
"'We Are Not the People We Have Been Waiting For': Prominent Progressive Resigns from State Central Committee [...] So many young people were involved. Tech savvy and invested. There was no hiding from mistakes and the doors were wide open on everything. They were reading state party constitutions and by-laws. They came to meetings prepared after sharing information on how things were supposed to be done only to find that nothing was done the way it was written on most occasions. People that had been involved for a long time took this to be an 'invasion' of the party. A huge divide started that was much larger than the 'Bernie v Hillary' thing but everyone likes to blame it on that and continue to do that to this day. Do you see it? Do you see it that way? Or is it just still a 'Bernie v Hillary' thing to you? We play our own game of 'the rules apply only to those outside our circle'"
This is from last March, a tweetstorm Teresa compiled together in a single post for Making Light, on Wealth, risk, and power.
RIP: "Tom Petty, a Mainstay of Rock With the Heartbreakers, Dies at 66 [...] Tony Dimitriades, Mr. Petty's longtime manager, said in a statement that Mr. Petty suffered cardiac arrest at his home in Malibu, Calif., early Monday morning and was taken to the U.C.L.A. Medical Center, where he could not be revived. He was pronounced dead at 8:40 p.m. with family members, friends and bandmates present at the hospital, Mr. Dimitriades said." There was a long period on Monday night when There was some confusion about whether the artist was actually dead, after a premature announcement by the local police apparently beginning while he was still on life support though showing no brain function. It was later announced that he was taken off life support but there was no announcement that he had died, leading to a Twitter thread on Schroedinger's Tom Petty. But it was clear from the first announcement that a third chair was empty for the Travelling Willburys, Roy Orbison and George Harrison having gone on before, leaving only Bob Dylan and Jeff Lynne.
See the trailer for The Brainwashing of My Dad. "As filmmaker Jen Senko tries to understand the transformation of her father from a non political, life-long Democrat to an angry, Right-Wing fanatic, she uncovers the forces behind the media that changed him completely: a plan by Roger Ailes under Nixon for a media takeover by the GOP, The Powell Memo urging business leaders to influence institutions of public opinion, especially the universities, the media and the courts, and under Reagan, the dismantling of the Fairness Doctrine."
Atrios linked this and I thought, "That's perfect." Prince, Tom Petty, Steve Winwood, Jeff Lynne and others, "While My Guitar Gently Weeps" (And, my god, that boy sure looks like his dad.)