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Links 5.30.12

May 30, 2012

Just some quick links today… Hopefully I can circle back later and make some comments.

Naked Capitalism:

Inside Baseball. Research shows veterans and active-duty personnel aren’t a cohesive voting bloc. A nice defense of the Chris Hayes “hero” flap from Conor Friedersdorf (as if Hayes needed defending).

Grand Bargain™-brand Catfood Watch. On This Week: “Pelosi never did directly answer what she thought Simpson-Bowles meant for Social Security and Medicare. She did engage in subtle beltway signaling, substituting buzzwords like “job creation,” “priorities,” and achieving a “balance,” all the while allowing her words to convey that the Dems who mattered were now on board to pass the Simpson-Bowles plan…” It’s hard to know which player is worse here: Outright assault from Simpson/Bowles, or oozing betrayal from Pelosi. Not a pretty sight. CBO tees up “fiscal cliff” framing for lame duck Shock Doctrine push.

Obama. “Obama has a more than 5-to-1 edge over Romney in political donations from individuals who list themselves as employees of the Defense Department or one of four military branches.” An amazing headline: “How Obama Learned to Kill.”Soon, it will be normal. Times: “This was the enemy, served up in the latest chart from the intelligence agencies: 15 Qaeda suspects in Yemen with Western ties. The mug shots and brief biographies resembled a high school yearbook layout. Several were Americans. … Mr. Obama has placed himself at the helm of a top secret “nominations” process to designate terrorists for kill or capture.” So now, every day, we can ask ourselves whether Obama’s whacked an American citizen without due process. Thanks for running interference on that, “progessives.” But don’t worry! Obama will never whack an American on US territory. Uh, right? Pierce: “Jesus, just kill the guy. The Bushies may have had manifest contempt for due process, but at least they didn’t go out of their way to make a burlesque out of it.” Remember Obama’s “To Do list”? No, me neither.

Also in the News:

Executive looting – not just for Wall Street.

See No Evil – Financial Derivatives Edition:

“We all know that is simple to add a panelist. What is really going on is that things are so toxic in Congress now, and the largest banks are so sensitive to any criticism, that the progressives fear that any criticism of bank practices that will cause the next financial crisis will be considered “bank bashing” and will cause Republicans to be unwilling to participate. The fact that I have a 30 year record of non-partisan service to the nation on banking matters, including service as a banker with the Federal Home Loan Bank of San Francisco, does not count in such a world. We must not speak uncomfortable truths to power. You will see that it is his staff that informed me that the concerns that prevented me from joining the panel were maintaining a “consensus” about the panel’s “balance” and avoiding “bank bashing.””

Assange seems to be headed for extradition to Sweden.

You can’t keep a good Oligarch down.

Against economic models and also for them. Geesh. Macro seems broken.

The case against tax breaks for private equity.This sums it up:

“Private equity disproportionately rewards privatization companies while others are burdened with the risks.”

Good review of “Twilight of the Elites.” Some attacks on orthodox economics.

Republican Keynesians:

“Most Republicans and conservatives despise the British economist John Maynard Keynes and believe his theories are the root of all evil in economic policy. Yet when push comes to shove, Republicans are happy to fall back on Keynesian theories when it suits them.”

Reform Finance w/ market-based solutions – only we resist those too.

1.7 Billion American email & phone intercepts, daily! “Land of the free?”

685,000 “stop and frisk” searches in 2011! “Land of the free?”


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