LILA RAJIVA: The Mind-Body Politic
Individuals Not Ideologies
-
Archive for January, 2010
The Corporate Media: Suffering From Truth Emergency
We have an elite that has a stranglehold on what gets heard through its grip on professional societies and the major print and TV news. Prizes, media attention, peer approval go to very few media outlets. It’s well- known that only reporters and columnists at a handful of papers get serious attention. That’s a truly dangerous state of affairs and we’re suffering the fall-out from it. What makes it even worse is that news itself is more and more swept aside by trashy, sensation-seeking reporting, which leaves the audience with misinformation or simply a great black hole of ignorance.
Mickey Huff and Peter Phillips analyze the “truth emergency” ravaging the corporate media in the West (and to a lesser degree, everywhere):
“Truth Emergency: Keeping the Facts at Bay
The truth comes as conqueror only because we have lost the art of receiving it as guest.
– Rabindranath TagoreWhat are some of these truths, that not knowing them creates a literal state of emergency for human society? Here are two of many possible examples. A 2008 report from The World Bank admitted that in 2005, over three billion people lived on less than $2.50 a day and about forty-four percent of these people survive on less than $1.25. Complete and total wretchedness can be the only description for the circumstances faced by so many, especially those in urban areas of so-called developing nations. Simple items Americans take for granted like phone calls, nutritious food, vacations, television, dental care, and inoculations are beyond the possible for billions of people.6
In another ignored but related story, Starvation.net logged the increasing impacts of world hunger and starvation. Over 30,000 people a day (eighty-five percent of children under five) die of malnutrition, curable diseases, and starvation. The number of deaths has exceeded three hundred million people over the past forty years. These stories should be alarming headlines, certainly more significant than celebrity tripe and tabloid hype.7
Continuing on the theme of human poverty and its ramifications, farmers around the world grow more than enough food to feed the entire world adequately. Global grain production yielded a record 2.3 billion tons in 2007, up four percent from the year before, yet, billions of people go hungry every day. The website Grain.org describes the core reasons for continuing hunger in a recent article “Making a Killing from Hunger.” It turns out that while farmers grow enough food to feed the world, commodity speculators and huge grain traders like Cargill control the global food prices and distribution. Starvation is profitable for corporations when demands for food push the prices up. Cargill announced that profits for commodity trading for the first quarter of 2008 were eighty-six percent above 2007. World food prices grew twenty-two percent from June 2007 to June 2008 and a significant portion of the increase was propelled by the $175 billion invested in commodity futures that speculate on price instead of seeking to feed the hungry. This results in erratic food price spirals, both up and down, with food insecurity remaining widespread.“
My Comment:
Some of this commentary of course paints speculation with too broad a brush. Futures markets can, and do, provide efficient allocation of resources if they function as they should. The problem is not the futures market but the corruption of the market and the constant meddling in it by the state, which blunts the normal checks that the market would otherwise provide.
And again that goes back to public culture and professional standards that have become debased. The deeper question is how they became debased.
Which, of course, leads us to the government’s manipulation of the interest rate. That is where the problem lies.
But meanwhile, where is the media in all this? Providing the context so people can understand what’s going on?
No. It’s rooting around in John Edward’s trash can……
Soros: Gold In Bubble; But Keep Stimulus Going…..
Always nice to see people talk out of both sides of their mouth.
Here is currency speculator George Soros (ex of legendary hedge-fund Quantum) at the World Economic Forum at Davos:
“When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.”
So far so good. Mis-price money (cheap interest rates) and people don’t want to keep their savings in it. They want it in something that isn’t subject to mis-pricing (so they hope) - hence gold.
But then Soros shows how disingenuous he’s being by adding this:
“I think that since the adjustment process to the recession is incomplete, there is a need for additional stimulus. Some countries, like the US and European countries, have plenty of room to increase their deficits. The political resistance to doing so increases the chances of a double dip in the economy in 2011 and after that.”
That is, he’s suggesting running more deficits and keeping the money spigot going, just the thing that’s caused the gold price to rise.
So how do we understand this?
Gold is due for a technical correction, but it’s also probably responding to deflation in the general economy. It’s not going down that fast, because a lot of people are also buying it speculatively.
That’s the tug of war.
Meanwhile, who know what Soros’ holdings are and who knows what his motivations are in making such contradictory statements.
But anyone who takes these sorts of pronouncements as any kind of lead for their own investments/speculations, should be prepared to part fairly soon from their money.
Did Bethany McLean Even Break The Enron Story?
n “Enronathon,” Seth Mnookin of The Wall Street Journal suggests Bethany McLean wasn’t quite the first person to break the story of Enron…and that she had a good bit of unacknowledged help:
“If journalism were in the Olympics, the Enron story might well be pairs figure skating. Bethany McLean, the young Fortune writer who first wrote about Enron’s shady finances a year ago, has, of course, already been awarded the gold.
And with that have come the requisite endorsements: In the past two months, she was hired as a consultant by NBC News and shared in a $1.4 million deal to co-author a book on the scandal. But another team is also vying for top honors — amid complaints about shoddy judging.
Reporters and editors at the Wall Street Journal believe their work has been unjustly ignored, with some wondering whether Pulitzer rivals like the Washington Post and the New York Times have gone out of their way to praise McLean.
Enron did not collapse under its own weight,” says Jonathan Friedland, the Journal editor who’s been in charge of much of the paper’s Enron coverage. “Without our reporting, I don’t think any of this would have happened.”
In response, McLean’s former editor at Fortune and current Time Inc. editorial director John Huey says, “Bethany was the first journalist in a widely respected national publication to suggest that the emperor at Enron had no clothes.” (Not that her own publication took much note: Fortune had to airbrush out Kenneth Lay from a November SMARTEST PEOPLE WE KNOW cover photo.) Let’s recap: In September 2000, Jonathan Weil wrote a long story for the now-defunct Texas edition of the Journal about odd accounting at various Texas-based energy traders; it included four paragraphs on Enron.
James Chanos, a well-known short-seller who was one of the first to start unloading Enron stock, says he got interested in the company after reading Weil’s piece.
Almost six months later, in March 2001, the then 30-year-old McLean (who Times columnist Maureen Dowd has suggested will be played by Alicia Silverstone in the inevitable movie) wrote her little-noticed 2,400-word story, “Is Enron Overpriced?”
Then, in October, the Journal ran a three-day series by Rebecca Smith and John Emshwiller detailing Enron’s unorthodox partnerships. Their articles are seen by many on Wall Street as ultimately sinking the company. Weil’s partisans think he should get credit for crossing the finish line first (an item, “Credit Due,” ran in “Page Six” recently).
But even Chanos says that “Bethany’s piece was the first one to raise really specific questions.”
Most of the Journal’s brain trust, though, are plugging Smith and Emshwiller, who, of course, wrote their stories in 2001 and are thus eligible for this year’s Pulitzers. “The Fortune story basically said this is a company that nobody understands,” says Journal deputy managing editor Daniel Hertzberg. “It didn’t show what was wrong with the company. It took Becky and John to do that.” That’s the competition.
Now for the judging. In January, Howard Kurtz, the Washington Post’s media writer, highlighted McLean as the first journalist to ask questions about Enron. Ten days later, the Times‘ Felicity Barringer wrote her profile of “the financial reporter everyone loves to lionize.” While McLean was being anointed as a journalistic sex symbol in a story hitherto dominated by a balding Kenneth Lay, folks at the Journal felt they were being robbed:
“People are trying to queer the Pulitzer pitch for the Journal,” says one editor there. That’s sour grapes, counters Kurtz: “In this case, a 31-year-old reporter beat them and the rest of the world by a considerable margin.”
In a bit of circular logic endemic to media reporters, Kurtz adds, “I must have been onto something, since after my piece appeared, she was profiled in the Times, given a contract by NBC, and offered a book deal.” As for McLean, she seems slightly embarrassed by all the attention. “I’ve told people I’ve gotten too much credit,” she says. “I did raise alarm bells, but I didn’t know the half of it.” “Read more: Enronathon http://nymag.com/nymetro/news/media/features/5756/#ixzz0dvvQZvUI
My Comment:
Please note also that the book was co-authored with Peter Elkind, who isn’t attributed in many of the stories.
Not that I’m all that sympathetic to the Wall Street Journal on the Enron story, since they don’t give credit to the alternative press either, and what goes around comes around. (My own experiences of plagiarism from articles and books can be found at the tab, ABOUT - half-way down the page).
If liberal columnists steal without attribution even from liberal bloggers, can you imagine the cone of silence that descends when the victim isn’t liberal? Libertarians and conservatives get stripped clean by the vultures of the “free” (of all ethics) press.
With them, it’s never about public welfare or the good of the nation, even though that’s the standard that they like to foist on other people. Even with the global economy melting down under their noses, they’re jealous of sharing the information that activists, bloggers, and ordinary citizens give out generously for the common good.
(Again, there are honorable exceptions).
In short, they make up credit - just like the Federal Reserve.
Or they steal it - like their banker friends.
Or they collude with each other to “take-down” anyone not part of their game - just like their hedge-fund allies.
And no matter what, they always cover for each other.
Notice how other people’s personal lives are fair game for stalking, extortion, and exposes, but never theirs, as this piece on Maria Bartiromo suggests.
(Ms. McLean figures in that piece too. In fact, a brief google tells us that McLean´s had plagiarism problems and conflicts of interest more than a couple of times).
Item One. Here’s an earlier complaint about Fortune magazine plagiarism. A Fortune writer apparently used material from interviews and articles by an outfit called Annex Research, without attributing or acknowledging it. An email to Fortune got no response, either. The Fortune writer? Bethany McLean…
Item Two: McLean at it again, swiping material from the Orange County Register Weekly
Item Three: Libertarian economist, Bill Anderson, in a piece called “The Most Dishonest ´Journalists´ In the Room,” describes how McLean was having a romantic relationship with the lead prosecutor in the Enron trial, Sean Berkowitz, before the sentencing, while she was covering the trial and getting out the government´s side of the story. Omitted in that story as well was the disturbing fact that the prosecutor had suborned perjury in order to get a full conviction of Jeffrey Skilling.
And that´s besides Item Four….
That fetching stock-manipulation thing she had going with hedge buddies Marc Cohodes and Jim Chanos.
No wonder none of them can get the story right.
And no wonder they still won’t get it straight, not until after activists, or bloggers, or less-known writers at their own outfits or elsewhere do the hard work. Then they’ll slide in to take the credit.
Nice work.
Just as cushy and exploitative as anything on Wall Street, in its way.
Business men and real capitalists do the hard work of producing. Then the faux capitalist money-men and their shills in government rush in to cream the money off and cover themselves with glory via their mouthpieces in the shill media.
No wonder the media doesn’t understand capitalism. No wonder they love the crony capitalist bordello they call home. It’s the only one they know, the poor things.
[Again, they really ARE a minority of journalists, just a powerful minority. There are hundreds of honorable hard-working journalists who write their own stories rather than steal them off the net, whose names never get into headlines, and who wouldn't be caught dead behaving like this].
And don’t miss the other telling details:
Enron’s Ken Lay was a Republican.
Goldman Sachs is a Democrat cash-cow, for the most part.
Jim Chanos, hedge-fund master mind, used to work at Deutsch Bank.
And Bethany McLean was once a Goldman Sachs banker….. (Maybe that explains her kid-glove treatment of Hank at Vanity Fair).….
….And her equally interesting white-washing of Spyro Contogouris, who colluded with hedge funds to attack Prem Watsa’s Fairfax Financial.
Honestly. Rielle Hunter has nothing on any of these gold-diggers.
US Support For White Phosphorous In Gaza
Eileen Fleming in Op-Ed News:
“The Ileana Ros-Lehtinen/AIPAC driven House Resolution 867 boiled down to a call for censorship of the Goldstone Report without “any endorsement or further consideration” from the Obama Administration, rife with inaccuracies and undermines support for the universality of human rights.
“It is no surprise that Congress is trying to cover their culpable asses for during the 23 days of Israeli assault on Gaza, “Washington provided F-16 fighter planes, Apache helicopters, tactical missiles, and a wide array of munitions, including white phosphorus and DIME. The weapons required for the Israeli assault were decided upon in June 2008, and the transfer of 1,000 bunker-buster GPS-guided Small Diameter Guided Bomb Units 39 (GBU-39) were approved by Congress in September. The GBU 39 bombs were delivered to Israel in November (prior to any claims of Hamas cease fire violation!) for use in the initial air raids on Gaza. [1]
One of the few who have been to Gaza, Congressman Baird D-WA, wrote, “H.Res. 867 is very serious business. If, as Goldstone asserts and the evidence I have seen supports, there were in fact gross violations of international law and human rights on all sides, we cannot in good conscience support H.Res. 867.
“This is about much more than just another imposed political litmus test that we are all too often asked to perform. This is about whether we as individuals and this Congress as an institution find it acceptable to drop white phosphorous on civilian targets, to rocket civilian communities, to destroy hospitals and schools, to use civilians as human shields, and to deliberately destroy nonmilitary factories, industries and basic water, electrical and sanitation infrastructure. This is about whether it is acceptable to restrict the movement, opportunities and hopes of more than a million people every single day.
“At the end of the day, this is also about our own domestic security. If we are seen internationally as condoning violations of human rights and international law, if our money and our weaponry play a leading role in those violations, and if we reflexively obstruct the findings of someone with the credentials, history and integrity of Justice Goldstone, it can only diminish our international standing and our own security.“-Rep. Brian Baird (D) represents Washington’s 3rd district.” [2]
Policing Wall Street…
From Black Star News:
“In the 1980s there was one great stock fraud, which captured the imagination of the American public. That stock fraud involved a chain of electronics stores, which went by the name of “Crazy Eddie.” These stores were founded by Eddie Antar (“Crazy Eddie”) of Brooklyn. “Crazy Eddie” used radio advertising to hype his stores. In the end the retail chain of “Crazy Eddie” went bankrupt; a $300 million fraud.
At the center of this fraud was Sam E. Antar, a cousin of “Crazy Eddie” Antar and the Chief Financial Officer of the “Crazy Eddie” retail chain. Currently Sam E. Antar has publicly stated that he has reformed and is now lecturing, without charge, on the “dangers” of crime. It is strange that Sam E. can afford this largesse because he filed for bankruptcy several years ago. He claims to be supported by the real estate interests of his wife’s family.
Recently he was the focus of an article, “Crazy like a fox,” by Aaron Elstein, which appeared in the October 4, 2009 issue of Crain’s New York Business. Once a felon, always a felon. Yet Elstein referred to Sam Antar as “a former felon.” That alone shows his bias and makes the reader believe that rather than an article the piece is meant to rehabilitate Antar. A felon is someone convicted of a felony. There is no such thing as a former felon.
Elstein also reported: “Mr. Antar admits working for a short-seller before. He did research for Barry Minkow, an investor who served prison time in the 1990s for running a fraudulent carpet cleaning service.” This is like saying “The titanic ran into an ice cube.” There are several understatements in the “article.”
Sam Antar not only worked for Barry Minkow but contributed $250,000 to Minkow’s Fraud Discovery Unit, which supposedly ferrets out false information in filings by publicly listed companies. Antar claims that this $250,000 was his wife’s money. Antar’s wife must be the most generous woman in the world- doling out $250,000 as a gift to her husband’s friend.
Here’s what happened: Minkow finds false information in SEC filings. Minkow then sells the stock short, in hopes that the stock price declines. Minkow then releases his findings. Minkow then buys back the stock after the price has declined. By that very fact alone, Minkow is not an “investor.” Minkow is a short seller.
As the reader can readily determine someone is making money from this arrangement. What’s not stated in the article is that Minkow did not just run “a fraudulent carpet cleaning service.” Minkow’s carpet cleaning business was called ZZZZ Best, a stock fraud that defrauded the American public of hundreds of millions of dollars. Minkow served seven years in federal prison for fraud among other charges.
The article is a “white wash,” a “fix.” Minkow owes the government approximately $16 million and his salary is garnished to pay the amount owed. That is why the payment could not be made out personally to Minkow but to the Fraud Discovery Unit- the money would have been seized.
During his incarceration Minkow converted to Christianity and studied for a Divinity Degree. Currently Minkow is a pastor of a Church. I find it rather amusing when convicted felons turn to God. It has been my experience that once a stock fraud artist- always a stock fraud artist. The money is too good and too easy. That is why the members of Aish Kodesh in Long Island participated in the stock frauds of Maier Lehmann.
Sam E. Antar is a fraudster; as is Barry Minkow.
Both have now found God. Perhaps they have monetarized God.”Manfredonia, a trader and whistleblower on Wall Street in the 1980s, is now on a campaign to expose corruption on the Street. Please e-mail him tips to Edward@blackstarnews.com
Soviet Spy On Post-Cold War Russian Spying
Soviet agent turned American double agent, Sergei Tretyakov, is interviewed about post Cold War espionage on the Leonard Lopate Show.
Climategate: Indian Environment Minister Says IPCC Wrong On Glaciers Melting
There are some interesting developments on the climate-gate frontier.
Apparently, the Himalayan glaciers aren’t melting, after all.
Or at least, not as fast as the IPCC (the Intergovernment Panel on Climate Change , the UN body tasked with climate change) thinks they should. (more…)
Bernard Stiegler On Justice And Shame
French philosopher Bernard Stiegler writes about the need to have an ideal that informs the competition of the market place. This ideal would prevent competition and efficiency from degenerating into what he calls shamelessness, a state he associates both with globalization and with the suppression of individuation in modern societies:
“Imitation cannot be the first or unique principle of a new political and economic community. It is precisely to the degree that relations between countries allied in the same political community are not reduced to economic exchanges and competition, but instead presuppose a common interest above particular interests, that one can distinguish between a political union and a simple league of economic interests like the Hanseatic League or the Alena today, as well as countless other zones of special economic exchanges.
Lew Rockwell On The Climatista Totalitarians
Lew Rockwell in The Misesean Vision:
“Let me give another example of the banality of evil. Several decades ago, some crackpots had the idea that mankind’s use of fossil fuels had a warming effect on the weather. Environmentalists were pretty fired up by the notion. So were many politicians. Economists were largely tongue-tied because they had long ago conceded that there are some public goods that the market can’t handle; surely the weather is one of them.
“Enough years go by and what do you have? Politicians from all over the world, every last one of them a huckster of some sort only pretending to represent their nations, gathering in a posh resort in Europe to tax the world and plan its weather down to precise temperatures half a century from now.
“In the entire history of mankind, there has not been a more preposterous spectacle than this!
“I don’t know if it is tragedy or farce that the meeting on global warming came to an end with the politicians racing home to deal with snowstorms and record cold temperatures.”
Maya Angelou On What People Remember
“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
— Marketing saw, quoted by Maya Angelou
My Comment:
This quote led me to think of the way in which political debates these days have become entirely devoid of emotional intelligence. I’m convinced that the way we debate things is at least as important as what we debate. Maybe even more important.
There’s something fundamentally wrong with the media when it humiliates public figures, either directly and anonymously on the internet, or indirectly though misrepresentation and innuendo in print. There’s nothing funny, liberated, or “free speech” about any of it. It’s an abuse of speech… a form of violence.
Now if you cuss out someone who’s provoking and attacking you directly, that’s one thing. Turn about is fair play.
But using sexual humiliation as a tool to demonize political candidates (Sarah Palin) or feeding public voyeurism about prominent figures with no political relevance (David Letterman, John Edwards, Tiger Woods) is morally wrong and socially dangerous. It feeds a constant cycle of partisan retaliation that drives everyone but the most insanely ambitious out of politics.
Then, of course, the media turns around and complains without irony about how insanely ambitious politicians are.
Reporters are professionals. They have standards to adhere to. It’s not their job to simply supply a demand. It’s one thing to follow stories that interest people (within certain boundaries of what’s relevant to public discourse). That’s fair enough. But reporters can’t just cave into whatever it is they think people want to talk about.
You could, after all, argue that people also like watching snuff movies. Does that mean the media feeds that appetite too?
Demand doesn’t just come into being. It’s also created. And that’s not a one-way thing. There’s a feedback loop. Demand feeds supply, which feeds demand….. There’s an addictive element to the whole thing.
Which means writers can’t just give up their own moral freedom to feed a demand for immoral things. They have to make a conscious choice to go against what’s in their (or their publisher’s) economic interest and, instead, do what’s right. Admittedly, it’s hard.
As for the so-called hypocrisy of politicians, politicians and entertainers aren’t meant to be moral exemplars, so the question really shouldn’t arise at all.
Since the public expects a certain image, politicians have to conform if they want to get elected. Wanting that image to reflect reality strikes me as an example of the foolishness of the public, not of the hypocrisy of politicians.
Public figures are more and more simply the victims of mob mentality. From that perspective, John Edwards did quite right to deny the scandal until the end. It’s no business of the mob’s to know everything about a politician’s marriage and demand a standard from him that the vast majority of people don’t hold to.
Now, Edward’s team members are a different issue. They sacrificed money and time and they might naturally feel betrayed. That’s a different matter. Perhaps they should have researched him a bit more before latching onto him. That they didn’t suggests they have a problem - mindless hero worship.
People can have extraordinary talents but it doesn’t follow they’re perfect human beings, and there’s something deeply troubling about the urge to demand perfection from mere human beings…. and then attack them when they can’t supply it.
If I were Edwards, I would have banged the door on reporters who hounded me, a long time back. I would have turned the tables and started asking them a few questions about their private lives.
I suppose that’s why I have a degree of sympathy for people who’ve played the game back at reporters, like CEO Mark Cuban..and lately, Patrick Byrne.
Cuban has used Web 2.0 to his advantage against regulators as well.
A New York Times article in 2007 described how John Mack Mackey of Whole Foods and even disgraced and convicted financier Conrad Black of Hollinger International posted anonymously on message boards to counter negative posts about their companies. The articles noted that they ran the risk of violating securities laws, especially if they disclosed company business in their posts.
Perhaps that’s where the problem lies. We have laws to stop CEO’s of companies from defending themselves against attacks, but none for the people who do the attacking, even if they have a financial motive for it and even if their attacks are founded on semi-truths and lies indistinguishable by casual or lay readers.
Mack Mackey used the handle rahodeb, an acronym of Deborah, his wife’s name, and he even commented on how cute he looked with a new hair-cut. Byrne, on the other hand, has used a pseudonym Hannibal (the ruler of Carthage, not the star of “Silence of the Lambs”), but always signs his name underneath. Both took up the pen to counter attacks on their companies by anonymous internet posters.
It seems to have become a real problem.
In 2008 Apple CEO Steve Jobs finally had enough of the rumor mongering about his health and called Joe Nocera of the New York Times a juicy epithet I will chastely refrain from repeating.
[Since I've begun contributing to Deep Capture and enjoy a degree of bloggeraderie with them, I'm refraining from commenting directly on Byrne's running battle with the media, about which I've written before. I will just admit to being on their side versus Goldman and the short-raiders. I think they tell it like it is. But any obscene rants at reporters' expense don't earn brownie points with me. And I maintain a neutral rating on Overstock, since I just don't know enough about that end of things].
Either journalists act like a responsible press, or they are paparazzi, in which case they should expect to be hounded and harassed in turn. If reporters want access to the highest levels of business and government, if they want to report on subjects that are socially and politically important, then they should show some respect for their jobs, qualify themselves, adhere to professional standards of behavior, and avoid tormenting other human beings just to make their names.
Remember these are the same reporters who failed to report accurately or in time on one of the biggest stories in a hundred years, and why was that? Because (with honorable exceptions) they were either too comfortable with Wall Street, too lazy to do the research, too ignorant to know where to look, too provincial to read the people who could tell them, and too venal to go against their interests…. or all of the above..
This kind of public exposure we subject people to is not a one-time business. There is a record of the Edwards saga for ever on the net, visible to the whole globe….every little painful detail. What kind of sensitivity to a sick woman does that show, just to take one angle. Or consider their children..
Isn’t it a kind of torture?
And doesn’t it make us, as it makes any kind of torturer, bestial?
Meanwhile, the victims never forget…Army Suicide Level Rises to “Epidemic Levels”
Jason Ditz at Antiwar via Christian Peacenik:
“Calling 2009 a “painful year,” the US Army announced today that it faced a record number of suicides among Army personnel, with 160 active-duty soldiers taking their own lives.”
Christian Peacenik goes on to comment:
“This surpassed the previous record of 140 in 2008, and the previous record before that was 115 in 2007. The Army has been keeping track of suicides since 1980, with the level suddenly rising to epidemic levels in recent years.”
In an attempt to cope, many soldiers turn to drugs and alcohol, and many others, as Friday’s AP story reminds us, end up killing themselves. Needless to say, the effects of this psychological destruction remain even after one leaves the service. As Dahr Jamail points out, “A 2008 court case in California revealed a Department of Veterans Affairs (VA) email that revealed 1,000 veterans who are receiving care from the VA are attempting suicide every single month, and 18 veterans kill themselves daily.”
But again, the American idiocracy, with all its meaningless symbols and gestures, doesn’t want to hear any of this. Which is why we need to bring this to the idiocracy’s attention and explain why it’s yet another reason to bring our troops home.”
Games of Knowledge, Games of Power
“The academic game is the game of knowledge (and ignorance) which is inextricably, if not always intentionally, also a game of power. The only way to put an end to this game (…under conditions of domination…) is to play it better than the players themselves. The only way to undermine the power of Western definitions of the world that burden the rest of the world is to beat the powers at their own game….play enough or as much as necessary to expose it for what it really is — only a game — a game not because it is innocuous but because it is arbitrary and cannot be grounded anywhere.”
– Vassos Argyrou, “Anthropology and the Will to Meaning”, cited at Zeroanthropology
(My only caveat with this is to suggest it needs the word imperial added before the word West. It is the fundamentally imperial (state-centric) nature of the organization of knowledge - the privileging of elite schools, of certain forms of learning, of certain evidence of expertise - that is the problem. It is Western in so far as the west is the predominant carrier and transmitter of the virus. But the state everywhere is infectious….)
KGB Operations Against The US
Last week, I blogged Douglas Valentine on the secret history of America’s Central Intelligence Agency, a long history that involved revolutions, coups, torture, assassinations, and subversion. Today, the CIA is probably far larger than any other spy agency, but until 1991, the Soviet Union’s KGB was a good match. The excerpt that follows is from a face-off between former CIA counter-intelligence chief Paul J. Redmond and former major-general of the Soviet KGB, Oleg Danilov Kalugin, and was hosted by the University of Delaware on March 12, 2003.
(Note: The KGB was disbanded in 1991, following the collapse of the Soviet Union. It has been replaced by the Russia security force, the FSB).
“We conducted a clandestine war with assassination if necessary,” he [Kalugin] said. “Our mission was to do everything we could to have a war without the fighting. This was seen as amoral in America, but it was our ideology.”
Kalugin infiltrated the United States as a journalist, attending Columbia University in New York City as a Fulbright Scholar in 1958. From 1965-70, he served as deputy resident and acting chief of the residency at the Soviet Embassy in Washington, D.C., quickly becoming the youngest general in the history of the KGB. Eventually, he became the head of worldwide foreign counterintelligence, serving at the center of some of the most important espionage cases, including the Walker spy ring.
Finding that the KGB’s internal functions had little to do with the security of the state and everything to do with keeping corrupt Communist Party officials in power, Kalugin retired from the KGB in 1990 and became a public critic of the communist system. He currently teaches at the Centre for Counterintelligence and Security Studies.
Kalugin said one of his most effective spying techniques was pitting American citizens against their own government.
“We appealed to pacifists and told them, ‘You cannot have peace unless you stop the internal situation of the U.S.,’” he said. “We got environmentalists and told them, ‘Capitalists spend any amount of money even if it does destroy your precious nature.’ Well, at the time, the Soviet Union was the most polluted country in the world,” he joked.
Kalugin listed several astonishing facts from a classified KGB report, proving just how much the organization is committed to counterintelligence. He said that in 1981 the KGB reported that they had funded or supported 70 books, 66 feature and documentary films, more than 100 television stations, 4,865 articles in magazines or newspapers, 300 conferences or exhibitions and 170,000 lectures around the world.
“Friendship, companionship—that is fine,” Kalugin said, “but national interests remain. Counterintelligence will never cease to exist. The U.S. remains priority number one.”
David Tice On King World News: Trouble Ahead….
David Tice on Eric King’s King World News, December 23, 2009
- This is not another inventory recession; this is unprecedented
- There’s trouble all over the globe - Europe, China, Japan..
- Hunker down, cut back expenditures, get out of stocks, own gold
- Look for deflation followed by competitive currency devaluation, then inflation.
Ron Paul: No Military Occupation Of Haiti
Statement of Congressman Ron Paul, United States House of Representatives Statement in Opposition to H Res 1021, Condolences to Haiti, January 21, 2010
I rise in reluctant opposition to this resolution. Certainly I am moved by the horrific destruction in Haiti and would without hesitation express condolences to those who have suffered and continue to suffer. As a medical doctor, I have through my career worked to alleviate the pain and suffering of others. Unfortunately, however, this resolution does not simply express our condolences, but rather it commits the US government “to begin the reconstruction of Haiti” and affirms that “the recovery and long-term needs of Haiti will require a sustained commitment by the United States….”
Executive Order 12425: Interpol Brings Global Police State to US
John Whitehead of the Rutherford Institute (via Lew Rockwell) sounds the alarm over executive order 12425, which places the International Criminal Police Organization (Interpol) beyond the reach of domestic laws, freedom of information act requests and constitutional checks.
“It’s hard to know exactly what the fallout from this executive order will be, but the ramifications for the American people could be ominous. For instance, if Interpol engages in illegal and/or unconstitutional activities against American citizens, it will be impossible for U.S. citizens to obtain information – via subpoena or other commonly used legal methods – regarding its records or activities.
Doug Valentine On The Impotence Of Progressives
Doug Valentine offers a piece on the futility of much activism.
(Please note: The opinions in this piece are not mine. They are Doug’s. But his point was not to exclude himself or any other writer who claims to be an activist. Its something all of us feel one time or other. I know I do. Frequently. At some level, what writers do is perfectly useless and only a form of self-advancement, if that).
Why Don’t All You People Just Shut Up!
“As my friend Roger says, ‘Never have so many held Washington hangers-on office for so long and talked endlessly to each other for so much money and done so little as the Republic rotted. The utter impotence of the progressive think tanks, lobbies, etc. is a great unwritten story.’
More From The Easter Bunny…
I’ve been curious about the identity of the Easter Bunny, although, strictly speaking, it doesn’t affect the validity of the anti-NSS campaign.
The Bunny has zeal. Bunny-speak is brave, plain-spoken and easy to read:
“The SEC was created to reassure the unwashed masses that it was safe to invest in the markets, after the Great Crash of 1929 proved it was anything but. It was a PR firm for Wall Street, slipped through as an alternative to a regulator who would or could actually do anything to curb the real crookery on Wall Street. At the helm was one of the greatest stock manipulators of all time, Joe Kennedy, who along with Percy Rockefeller and others amassed incredible fortunes running stock pools in the 1920’s.
For those who don’t know what a stock pool is, it’s a hedge fund whose sole purpose is to manipulate stocks, first up, then down, making money in both directions. Which was enormously lucrative for the operators of the pools, and the investors therein - the only losers were always the general investing public, and other participants who weren’t on the inside. I would argue that’s precisely what some of the most lucrative hedge funds of modern times also do - there aren’t a lot of ways to beat the market with 30 or 40% returns, year after year, that don’t involve larceny and criminal behavior, at least in my study of the last century of market history.”
The Bunny doesn’t mince words:
“I concluded a while ago that the rot in the system is pervasive, runs from top to bottom, and is largely unfixable. You have oligarchs, powerful and rich families and corporations, who are having their bought-and-paid-for politicians operate the country for their personal enrichment, at the direct expense of everyone else…..
“My point is that absolute power and wealth enable one to control the safeguards that were put into place to protect populations. By co-opting politicians and capturing regulators, the bad man is allowed to come into the room and do whatever he wants, whenever he likes - and the captured media merely pretends that it can’t hear the cries for help or investigate the countless damaged lives. It’s as bad as Russia under the communists, or perhaps worse.”
The Easter Bunny stays under wraps for a reason I can guess… but maybe not express publicly.
I asked a couple of people in a position to know if it was so-and-so. They denied it stoutly.
I could, of course, go the route of the New York press, which likes to stake out, tap phones, access medical records illegally, go undercover,or violate court orders, or any number of other things.
(If only John Edwards knew how lucky he was to avoid a life as a national figure, official prey for every predator with a pen)
But that particular game doesn’t seem worth either the moral or social candle. And, most often, almost as much can be learned by reading between the lines and studying public evidence as by sleuthing.
But, while sleuthing only requires elbow grease and chutzpah, analysis requires a degree of knowledge, judgment, and intellect that is simply beyond the pay-grade of some journalists, however exalted their professional status. These petty despots have pens and they have power, but they have no clothes, as surely as the emperor they shill for.
A few have figured that out. More will follow suit.
To make the story short, I went and reread a few public records that reference NSS and replayed the stout denials in my mind, recalling as best I could the silences, the gaps, the tone of the answers. I reread The Bunny carefully.
He’s an erudite man, it’s clear. I came to my conclusion about who he was. Right or wrong, time will tell.
I only bring it up to show how looking at the big picture and developing the correct perspective can be as useful and is far more cost-efficient than private-eye sleuthing that reporters think is the one and only credible way to tell a story. Baloney. And morally dangerous baloney. Dirty tricks, even for some intended good you believe in, inevitably corrupt the people who play them, in the same way black ops corrupt intelligence agencies.
Sleuthing is good to add the footnotes and the QED at the bottom of a piece of research and critical analysis. But as a way of curing social cancers - and financial racketeering is more social cancer than legal infraction - it has limited use. By the time you have written your expose to your editor’s satisfaction and done what it takes to avoid libel litigation, the story is old, the crooks have covered their tracks in paper dirt, and a new game is afoot.
Far better to play Sherlock and deduce your conclusions. Leave the investigative reporters to do their thing. You do yours but you do it to appease your own conscience, out of love for what human beings might be (hard to love them as they are, frankly), out of sheer intellectual curiosity (a great part of what drives me), glee at pelting stones at arrogant predators, and…yes…because after life’s fretful fever, we really don’t know what comes next. It might be wise to hedge our bets, as Pascal did.
There may or may not be Judgment Day. But should it roll around, we want to be able to pass muster. Well, at least, we want the She: Who Is Probably Not There to know we tried…
And then of course, we write mainly because it’s fun…
How, my dear Mary, — are you critic-bitten
(For vipers kill, though dead) by some review,
That you condemn these verses I have written,
Because they tell no story, false or true?
What, though no mice are caught by a young kitten,
May it not leap and play as grown cats do,
Till its claws come? Prithee, for this one time,
Content thee with a visionary rhyme.
(Percy B. Shelley, “The Witch of Atlas”)
Adrian Ash: Here Comes Stagflation
The whole inflation-deflation debate has always struck me as misbegotten. People use the terms to mean things so varied that it’s pointless to argue. But such as it is, I’m a firm believer in the deflationary thesis on the macro level… influenced in this by the economist Antal Fekete , and his theory of how capital is destroyed in a fiat money regime.
Nonetheless, I do see consumer prices rising.
In other words, asset prices fall, industry contracts, and unemployment levels stay high, while the stuff on the shelves costs more, insurance and tuition rates climb, and living in general becomes more expensive. (more…)
Bill Anderson On The New KKK: Kleptocrats, Kartels, and Kon Men
“As I see it, the bankers are not clueless at all. They understand the game, they understand that the government is going to clean up the mess that they and their friends in Congress and the Bush and Obama administrations have created, and they understand that their antics are going to give them what they always have wanted: a nice, cozy, financial cartel which will provide sweet political contributions for the political classes, bonuses and high pay for themselves, and very little for everyone else.
Former Spy Bosses, Goldman Exec Behind Full-Body Scanner
I blogged earlier about the full-body scanner.
It turns out that one of the scanner’s strongest advocate, Michael Chertoff, former Homeland Security Czar, stands to gain by the sale of the scanner, via his security consulting outfit, Chertoff Group.
Its 8 members include 3 former senior executives from Homeland Security, 2 from the CIA, 3 from the NSA, 1 from FEMA, and 1 from Goldman Sachs. (more…)
Goldman Charity Prompted By PR Concerns
RaceTotheBottom, a law blog on corporate regulatory issues, has this on the latest PR move by Goldman Sachs, one we noted in our previous blog post on Haiti. which mentioned the donations made by the big banks.
“The latest effort by Goldman to ameliorate the criticism is apparently to require top officers and managers to donate a certain percentage of their compensation to charity. As the NYT noted:
* While the details of the latest charity initiative are still under discussion, the firm’s executives have been looking at expanding their current charitable requirements for months and trying to understand whether such gestures would damp public anger over pay, according to a person familiar with the matter who did not want to be identified because of the delicacy of the pay issue.
Apparently Bear Stearns had done something similar in the past, requiring the top 1000 employees to contribute 4% of their compensation to charity.
The specifics have apparently not yet been determined. Nonetheless, unlike the stock bonuses, the approach effectively reduces the amount of compensation paid to each employee.
Goldman could have considered reducing the amounts paid in compensation and contributed the saved amounts directly to charity. The financial institution in fact added an additional $200 million to its charitable foundation. But making direct contributions would have potentially violated state law.
Corporations are obligated to profit maximize. Some portion of the company’s profits can be donated to charity. Companies may do so, however, only if there is a business benefit. See RMBCA § 3.02(15)(permitting “donations, or do any other act, not inconsistent with law, that furthers the business and affairs of the corporation.”). For modest amounts of contributions, the business benefit can be vague, with enhanced reputation in the community enough of a justification.
For more significant amounts, however, there must be a sufficient nexus to the business of the company. Had Goldman chosen to donate 5% of the amount left aside for compensation, an amount that would probably exceed $1 billion, it would have needed to show some type of meaningful connection to its business. Any failure to do so would likely generate lawsuits from shareholders alleging that the board had failed to engage in the required profit maximization.”
My Comment:
Isn’t this exactly why the more laws you have on the books, the more complicated your problems get?
Think about it. Goldman can’t make direct charitable contributions, because companies are obligated to maximize profits. Why are they obligated to maximize profits?
Because that’s what shareholders are due, per company law.
You might ask whether maximizing profits is always in a company’s best interests, versus building long term value or market share or any number of other things that stake-holders in the company might value more than high returns, but those things don’t count, because that’s how a law works - like a blunt instrument.
And then when managers focus on these short-term horizons and start doing legal (or illegal) tricks to show quick gains on their books, then we need another set of laws to curb them, with incentives running in the opposite direction….
The end result is a muddle of misplaced directives and restrictions that distort the market.
And people criticize the free market!US Military to Coordinate Haiti Earthquake Relief
Update: Thanks to reader Jeff for this video of an outfit helping with Haiti’s water needs. It might be a better place for donations than any government relief effort.
Original Post:
I haven’t commented on the Haiti earthquake, mainly because I haven’t been on top of the details. Besides, there’s so much coverage in the MSM about it. My beat here remains the untold story.
But one angle does trouble me. The intervention of the military. I can’t bring myself to say they shouldn’t be involved, which would be the principled thing to say, but it bothers me a lot:
“Sometimes it takes a catastrophe to demonstrate just how much more the U.S. military is able to do than simply kill the enemy. Only the U.S. can initially control flights into and out of the Port-au-Prince airport from aboard a nearby Coast Guard cutter, while waiting for an Air Force special-ops team to set up shop at the airport and step up operations to 24/7. Only U.S. warships have the capability to generate up to 400,000 gallons of fresh water a day from seawater. Only the U.S. military can send a spy drone from California to fly lazy orbits over Port-au-Prince snapping close to 1,000 pictures a day, which when compared with similar ones shot last summer, create a map of the hardest hit areas that can be instantly relayed to those working on the ground.
Only the U.S. military has enough aluminum matting to boost the runway capacity of Port-au-Prince airport. Only the U.S. military has the surveillance capability to quickly assess additional Haitian airfields and seaports for use in rescue relief operations. Only the U.S. military has the wide variety of vessels and aircraft to utilize those fields and ports, including air-cushioned vehicles capable of ferrying 60 tons of supplies from ship to shore at 40 knots. (See TIME’s exclusive photos of the aftermath of the earthquake.)
But the limits of U.S. capability can also be seen: The Pentagon diverted an unmanned Global Hawk drone bound for Afghanistan to Haiti instead, to photograph the damage there. “We were about to send that Global Hawk over to the war” until the earthquake, explained Air Force Col. Bradley Butz. “It will stay here until the President says it’s time to send it forward.”
While the drone had no comment about its sudden change of mission, some of those bound for Haiti welcomed the new assignment after more than eight years of war. “Marines are definitely warriors first,” Captain Clark Carpenter said Friday as his unit prepared to ship out to Haiti from North Carolina. “But we are equally as compassionate when we need to be, and this is a role that we like to show - a compassionate warrior that can reach out that helping hand to those who need it.”
Read more at Time for the corporate media’s view of the intervention.
And read Michel Chossudovsky, for the deep structure of the intervention, recent US interventions in Haiti, and the extent and implications of a US military presence there (he argues that it’s to monitor and intervene in Cuba and Venezuela).
I recall the tsunami relief effort in 2004 and the intrusion of military vessels and spy satellites into Indonesia and other regions in Asia. Humanitarian interventions are a prime locus for state meddling, because most people will feel reluctant to second-guess what’s happening. They don’t want come off as hard-hearted carping critics, with nothing positive to offer.
A life saved in Haiti is good PR for a life or two killed elsewhere. If such calculations are mathematical (and with the state they always have to be), then we are indeed better off with the US military, many would say.
Meanwhile, JP Morgan, I see, is donating a million to the relief effort.
And Goldman Sachs, Morgan Stanley, and Bank of America are giving a million apiece too. That will be millions taken from the tax-payer and rival banks long defunct. But from wherever it comes, lives will be saved, right?
Thus do they wash their hands clean of guilt.
Who knows.
Maybe Lloyd Blankfein IS doing god’s work.
Or, at least, he’s Dean of the Jeffrey Levitt School of Philanthropy.
[For those with short memories, Levitt stole some $15 million in the 1980s, in the biggest white-collar crime in Maryland history, and almost single-handedly brought down the savings and loan business in the state. One reason he was able to get away with his thieving for so long was that he was careful to make judicious and well-publicized charitable donations].
Sith-Lord Sweep: AG’s Pending Indictments Cover Major Hedgies, Journalists, and Regulators
Corporate finance generalist, investment banker and expert in derivatives, Austin Burrell, sums up last week’s announcement by Attorney-General Eric Holder that there are 5000 pending indictments [sic] arising out of the investigation of fraud in the capital markets:
[Note: the DOJ is involved in some 5000 odd cases of fraud related to the financial industry… (more…)
Financial Crisis Inquiry Commission Chair Berates Lloyd Blankfein
“It sounds like selling a car with faulty brakes and then buying an insurance policy” on the driver,”
– Financial Crisis Inquiry Commission Chairman Phil Angelides (D) to Goldman Sachs CEO Lloyd Blankfein.
Well, well, well,
Doesn’t sound too different from what we said in September 2008, does it? (more…)
Hedge Funds: Top Ten Earners in 2007/2008
New York Magazine had a piece in 2007 that sorted the hedge-fund elites into categories like “brainiacs” (like James Simon and Jim Chanos) and “bad boys” (like Daniel Loeb).
The category “Top dogs” (that is, the very best hedgies) includes SAC Capital Advisers/Steven Cohen ($12 b); Cerberus Capital/Stephen Feinberg ($19.5 b); Appaloosa Mgt/David Tepper ($5.3 b); ESL/Eddie Lampert ($18 b); Citadel Investment Group/Kenneth Griffin ($13.5 b); Manhattan/Michael Novogratz ($4.6b).
[Note: the figures were as of 2007].
This is the short list of the managers whom the industry thinks are top dogs, and of these six, one (Feinberg) is directly connected to Drexel Burnham Lambert, convicted junk bond financier Michael Milken’s bank; another (Cohen) is connected indirectly to Milken through Gruntal & Co.; and three are alumni of Goldman Sachs(Tepper, Lampert, Novogratz).
Five out of six and that’s just a cursory examination. I didn’t do anything more than google to get that.
And the financial press thinks there are no Sith Lords?
A more conventional ranking is found below: (more…)
Obama’s Man In China - Jon Huntsman Jr.
I’ve been thinking that any real change in the US..or anywhere else… will only come from outside politics, from business, or from technology, or from a cultural trend (such as, off-grid living) or from a spiritual movement. But occasionally, I wonder if some politician could actually push things in a new direction, make some kind of real difference.
Recently, some people have been touting a GOP dark horse who´s joined Team Obama. That’s former Utah governor and current Ambassador to China, Jon Huntsman Junior, who even struck some writer at the Washington Post as a potential ‘next big thing.’ (more…)
Fed-State Partnership Parallels Nazi Gleichschaltung
Will Grigg (in an LRC blog post) describes another crucial step in the centralizing and totalizing of federal government power in the incipient Fourth Reich of America:
“Yesterday (January 11), Barack Obama added another critical element to the architecture of wartime presidential dictatorship by signing an executive order establishing a “Council of Governors” for the supposed purpose of strengthening federal-state “partnership” in military and homeland security affairs.
Is Latin America Moving Right?
Alvaro Vargas Llosa of the Independent Institute asks whether Latin America is moving right and what that could mean:
“Chile’s runoff election this month will probably mean the end of the center-left coalition’s two-decade hold on power and the emergence of businessman Sebastian Pinera as a political tour de force.
The Demonic Style: Valentine On Military Historians, Avatars, and the CIA
Insight into why the revisionist media never ‘gets’ it:
“The extent to which this practice existed was revealed in 1975, when William Colby informed a congressional committee that more than 500 CIA officers were operating under cover as corporate executives and that 40 CIA officers were posing as journalists.
“When it comes to the CIA and the press, one hand washes the other. In order to have access to informed officials, reporters frequently suppress or distort stories. In return, officials leak stories to reporters to whom they owe favors.
Lanka Needs Soros Like A Hole In The Head
“In 1992, Soros earned the epithet “the man who broke the Bank of England” by demanding the Bank to raise its interest rates or to float the currency (so that he could make more money). The Bank did neither. He retaliated by selling “short” more than $10 billion worth of pound sterling, forcing the Bank of England to depreciate the pound: Soros amassed an estimated US$ 1.1 billion in the process.
Elis Regina Sings Uma Casa No Campo
Brazil’s beloved Elis Regina sings Eu Quero Uma Casa No Campo. (more…)
Time To Talk About the Elephant
Crazy terrorist or method to his madness? When will the media start providing context?
From Mondoweiss:
“He [Balawi's brother] described Mr. Balawi as a “very good brother” and a “brilliant doctor,” saying that the family knew nothing of Mr. Balawi’s writings under a pseudonym on jihadi Web sites. He said, however, that his brother had been “changed” by last year’s three-week-long Israeli offensive in Gaza, which killed about 1,300 Palestinians….
The Mental Gulag Is Here (Update)
Mind-reading passengers for terrorist potential - (note, potential) i.e. “thought crimes” - is here, folks, and seriously being batted about by Homeland Security:
“The aim of one company that blends high technology and behavioral psychology is hinted at in its name, WeCU — as in “We See You.”
The system that Israeli-based WeCU Technologies has devised and is testing in Israel projects images onto airport screens, such as symbols associated with a certain terrorist group or some other image only a would-be terrorist would recognize, said company CEO Ehud Givon.Pankaj Mishra On The Strength Of Passivity
The old world, with its failures, weaknesses, and poverty, has at least a proper estimation of the limits of human action, says writer Pankaj Mishra in an oped in the New York Times, last August:
“India may have been passive after the Mumbai attacks. But India has not launched wars against either abstract nouns or actual countries that it has no hope of winning or even disengaging from. Another major terrorist assault on our large and chaotic cities is very probable, but it is unlikely to have the sort of effect that 9/11 had on America.
Kingsford Capital And The Captured Media
Mark Mitchell at Deep Capture has some interesting details about the extensive influence of hedge-funds, specifically Kingsford Capital, on the reporting of stories in the financial press:
“Another focus of my investigation at CJR was the appalling bear raid on a collectibles company called Escala. Not only was Escala the victim of massive amounts of illegal naked short selling, but a hedge fund convinced the Spanish government that Escala’s parent company, based in Madrid, was fleecing investors in philatelic collectibles.
Gerald Celente Predicts Wars and Rumors of Wars in 2010
Gerald Celente of Trends Research Institute is out with his 2010 predictions. And most of them are not for the faint of heart:
- The Crash of 2010, as the effects of the stimulus wear off
- Another 9-11, as more blow back for US foreign policy hits the homeland
- Israel attacks Iran, perhaps sparking WW III
- Crackdown on illegal immigrants
- Bigger is no longer better - a new move to elegance and quality
- Thin America, as people eat less and become fitter
America. the constitutional republic, as we noted at the time, came to its official end on September 2008.
More at Lew Rockwell.
Recession Brings Fall In Crime Rates
The recession is dealing body blows to the rationale of many great society programs, that poverty leads to crime. First, there was the unmasking of a large part of the most affluent part of the country, its financial elites, as little better than a criminal class. Now, comes news that crime rates are down as the recession continues. (more…)
Doug Valentine: CIA Killings Spell Defeat In Afghanistan (Updated)
Update (January 12): In response to criticism (in the Comments) by a US military historian, I’ve posted a review of Avatar here at MBP, on January 11.
Update (January 12): Since this piece is so topical and sensitive, I´m taking the liberty of adding links to it, so that readers can do further reading on their own.Original Post:
“Douglas Valentine, author of the recently released account of the DEA, “The Strength of the Pack,” contributes this piece to The Mind Body Politic:
Disrupting the Accommodation: The CIA Killings Spell Defeat In Afghanistan
Why?
“Why?” The grieving family members ask. “Why did the terrorists kill our loved ones?” (more…)
The Machinery of Habit
A piece I wrote four years ago, The Burgh: Downsizing,” examines the nature of change and habit in relation to urban economies transformed by globalization and war.
“The boys come in and the beer flows. Ricardo tells us about training. Four-mile runs, 200 push-ups every morning, wall-climbing. “They break you, man,” he shakes his head. “They make you tough.
“I said I hoped so, considering where he was going. But Melanie, who studies the theology of the medieval anchoress Juliana of Norwich and sells papers on a corner in Oakland for the Socialist Worker, is more worried about his getting into what she calls killing mode. I ask her if a mode is the same as a habit. It takes time after all to form a habit. A mode on the other hand sounds like a gearshift on an Audi. And if you can shift into a gear, you can shift out. Maybe it’s really a question of what sort of habits. Learning, retraining, moving need effort. They don’t come easily. But war is a machinery that moves on its own and blood-lust, like a winter flu, might be easy to pick up and impossible to get rid of.
War and demolition come too easily to human nature. And take away too much. Anything worth pursuing, on the other hand, needs to be stalked through the years with the patience and vigilance of a hunter, cultivated through seasons of scarcity and remembered in times of forgetting. In our sophistication we laugh at those who buy dear and hold dearer. Who stay when they should have left. Bag holders. Fools. Who step into the river and expect the waters to stay the same. The immobilized in our mobile society. What is the value of an abandoned church, an obsolete mill, an aging worker? Flux, we shrug, is the only certainty. Change is the first law of nature.
“People talk about joining but they don’t,” says Ricardo, “I’m the only one who did.” He sounds proud.
“I ask him if he thinks good health insurance and tuition money are worth risking his life for. He laughs.
“Look — I ain’t gonna die. Most of the guys who teach me, they’ve been there. They got through. More chances I’d get shot in a ghetto. So some guy’s lost an arm…or a leg. So what? All this new technology now, reconstruction…they can make you another leg; it’s really no big deal.”At 26, you can think of that as a good trade. An amputation of the body or the mind is all it takes to keep up with change. Like those translucent lizards which shed their tails seasonally as they wait immobile and vigilant for flies on dusty window sills, we might grow new limbs just as good. New memories to replace old ones. Here in the hills, at the confluence of three rivers, we have learned not to resist the laws of nature.
“But perhaps we don’t live by nature alone. Perhaps, as Juliana of Norwich said, we also need mercy and grace.”
“The need to change and the machinery of habit that makes it difficult - a theme I find myself returning to , over and over, especially when I’m confronted with the depressing spectacle of people going back to the same propaganda, the same bogus assertions that caused this global catastrophe in the first place.
Going back, like dogs to vomit.
I’m sorry if that sounds ugly, but what’s happening now in DC is ugly….and very very dangerous.
Too Big To Fail And Too Big-Headed To Admit Failing
In the Times of India, Abheek Barman reviews Andrew Sorkin’s “Too Big to Fail,” a blow-by-blow account of the bail-out and makes a couple of insightful observations:
“It’s a tribute to his writing that despite his ball-by-ball narrative Sorkin manages to hold your attention for nearly 550 pages. His character sketches are lean and unjudgemental. Yet, though he doesn’t pass judgement, by the end most of the characters - with the possible exception of Buffet and some of the regulators - come across as distinctly unsavoury.”
Xmarks’ Top 20 Corruption Sites List Includes Deep Capture
I just happened to notice this ranking of the most popular corruption sites and thought I’d post it as more evidence that the campaign against naked short selling isn’t some marginal “freak” show, as some of the financial blogs have tried to claim it is. (more…)
Maverick Managers Say Short the S&P, Bonds, and Goldman
A Barron´s interview with Bearing Asset Management´s Kevin Duffy and Bill Laggner, via Lew Rockwell:
“Do you see the S&P 500 retesting its lows of this year?
Duffy: It’s difficult to know. It depends on how much money gets printed. In real terms, can we get cut in half from here? We think so. S&P earnings are distorted because of accounting changes for banks and brokers; if banks were marked to market, S&P earnings next year could fall to $45 a share. Bullish sentiment is rivaling the 2007 top, and volatility has fallen dramatically. We like the VXX, an exchange-traded note that’s based on S&P 500 short-term volatility as measured by the VIX index. It’s down 67% this year, and fits into the whole idea that complacency is very high.
Libertarian Living: Move Your Money
Arianna Huffington has a web site called, Move Your Money, to get people to shift their money to smaller banks, something I´ve been advocating on this blog for a while.
“For starters, you could move your money to a small bank. To do so, click on the button that says Find A Bank. But there are dozens of other possibilities: You can get your friends or organizations to do the same. You can use your online social networks to help broadcast the idea. You can look into where your town government keeps its money and, if it uses a big bank, you could try to get it to use a smaller bank. Start your own website (to improve upon or replace this one), dive into the research about smaller banks, and help give rise to a bigger, broader effort.”
MindBody: Reading Between The Tea-Leaves
When I was young - around 11 or 12 - I recall having very strong hunches about things that would pan out. Nothing weird, simply day-to-day things. I’d lose my stamp album and then I’d go to sleep and in my dreams I’d see it was in the bottom drawer of a cupboard. And when I woke up and went to the drawer, I’d find it. I would have very strong feelings I’d pick up from other people’s emotions. When someone said something, I’d feel the emotion from which they spoke. I’d hear anger, and overlaid on that, jealousy or envy. I’d often have a sense of what someone was going to say before they said it.
None of this was overtly alarming. It blended very easily into what I considered normal and never made me feel different. I didn’t talk about it to anyone, except my mother, who dismissed it as “just imagination.” But I always knew it wasn’t either “just” or “imagination.” (more…)
Felix Salmon Gets It Right On Short-Selling
Felix Salmon gets it right about short-selling this time round, at Seeking Alpha: (December 31):
“It’s not just short-sellers, either: most financial professionals are essentially parasitical on people who genuinely add value in the real world. Old-fashioned lending is important, and I’d say that stock markets in general also count as a positive financial innovation, since they make it vastly easier for companies to raise equity capital. But in my ideal world, people working for real companies like Kodak would make more money, in general, than people working for more parasitical financial-services companies. The fact that it’s the other way around worries me. While finance may or may not be good at the efficient allocation of capital, it seems to be positively bad when it comes to the efficient allocation of the labor of intelligent and perspicacious individuals.”
Swine-Flu Vaccine Facts That Should Frighten You
One of the best read articles in 2009 on Lew Rockwell was one by Bill Sardi on eighteen reasons you shouldn´t take the swine flu vaccine. Here´s an excerpt, but it´s worth reading the whole piece.
“4. The vaccines will be produced by no less than four different manufacturers, possibly with different additives (called adjuvants) and manufacturing methods. The two flu inoculations may be derived from a multi-dose vial and in a crisis, and in short supply, it will be diluted to provide more doses and then adjuvants must be added to trigger a stronger immune response. Adjuvants are added to vaccines to boost production of antibodies but may trigger autoimmune reactions. Some adjuvants are mercury (thimerosal), aluminum and squalene. Would you permit your children to be injected with lead? Lead is very harmful to the brain. Then why would you sign a consent form for your kids to be injected with mercury, which is even more brain-toxic than lead? Injecting mercury may fry the brains of American kids.
Recent Comments