There's a meltdown occurring because the community board in lower Manhattan has approved plans to build a good-sized Mosque/Muslim Community Ctr a couple of blocks away from the WTC site.
The Brain Free Zone (aka Fox News and other Wingnut Media) is going ape shit, yelling about "those insensitive bastards...; it's a slap in the face...; blah blah blah.
I only know two things about any of this:
Fear is the opposite of love, and forgiveness is the opposite of hate.
BTW: the proposed mosque is to replace one that's already within spittin' distance anyway. If you're opposed to any mosque "on hallowed ground", then you need to have been a little more aware of what's been goin' on all along.
This non-troversy is typical reactionary bullshit and I'm callin' it for what it is.
May 27, 2010
May 25, 2010
The Deficit As Hangover
From a post at The New Rupublic, Chait argues that Obama isn't wrong, he's just not right.
Now, I think it's fine for a story to eschew "balance"when one side is making an unsupportable or hypocritical case. But Obama's case isn't wrong -- it really is true that the economic and budgetary problems we're facing were inherited from the previous administration. What's false is the Republican effort to imply that Obama caused the problems -- an argument that collapses upon the slightest empirical pressure. But somehow the standard here is not what's correct but what's polite, and it's impolite for Obama to blame Bush.
May 21, 2010
May 20, 2010
That's Entertainment
It's gettin' fun now, by golly.
Bombing of a Mosque in Florida.
Joe Arpaio = Sheriff of Nottingham.
Arizona threatens retaliation for boycott.
Bombing of a Mosque in Florida.
Joe Arpaio = Sheriff of Nottingham.
Arizona threatens retaliation for boycott.
Yay, Germany - I think
The Germans decided to ban the practice of Naked Short Selling when it comes to European Gov't debt, and a lot of the snakes on streets named Fleet and Wall have their panties in a bunch because of it.
The way I understand it is that short selling is a necessary aspect of keeping the markets "honest" - or at least as honest as some of these assholes are willing to let it be. But anyway, shorting is a time-honored device that lets me borrow shares of a company's stock, sell them at a price below current market value, and then buy them back when the market price goes down. Usually, "shorting" is a bet that the market in general, or the price for that particular stock is heading down. And it's a good thing to have because it can be a safety valve. Properly applied, short selling can help prevent bubbles. But if you do it on a big enough scale, you can actually force the price(s) down, and then shorting becomes just another means of manipulation and speculation. And that's where Naked Shorting comes in.
Naked Shorting (to my mind) is really just a statement that you want the price of something to be a lot lower. You've not borrowed the stock or the bond or whatever - and so you're not risking your own money- but you're saying you'll sell it at a price well short of the current asking price if others are interested in buying it. This creates a kind or impromptu consortium of players which dramatically multiplies your market power.
So I'm a little uneasy about shorting because like any other useful tool it can be a weapon of malice, causing undue harm to good companies (and the PEOPLE who make up those companies) solely in the name of turning a few extra profit points for guys who never actually produced anything in their lives. Don't get me wrong - bankers and brokers are necessary to a healthy economy, but when they elevate themselves above it, they become threats to the system and have to be beaten back.
When you sell something that doesn't belong to you, we call it fraud and you're supposed to go to jail for that.
The way I understand it is that short selling is a necessary aspect of keeping the markets "honest" - or at least as honest as some of these assholes are willing to let it be. But anyway, shorting is a time-honored device that lets me borrow shares of a company's stock, sell them at a price below current market value, and then buy them back when the market price goes down. Usually, "shorting" is a bet that the market in general, or the price for that particular stock is heading down. And it's a good thing to have because it can be a safety valve. Properly applied, short selling can help prevent bubbles. But if you do it on a big enough scale, you can actually force the price(s) down, and then shorting becomes just another means of manipulation and speculation. And that's where Naked Shorting comes in.
Naked Shorting (to my mind) is really just a statement that you want the price of something to be a lot lower. You've not borrowed the stock or the bond or whatever - and so you're not risking your own money- but you're saying you'll sell it at a price well short of the current asking price if others are interested in buying it. This creates a kind or impromptu consortium of players which dramatically multiplies your market power.
So I'm a little uneasy about shorting because like any other useful tool it can be a weapon of malice, causing undue harm to good companies (and the PEOPLE who make up those companies) solely in the name of turning a few extra profit points for guys who never actually produced anything in their lives. Don't get me wrong - bankers and brokers are necessary to a healthy economy, but when they elevate themselves above it, they become threats to the system and have to be beaten back.
When you sell something that doesn't belong to you, we call it fraud and you're supposed to go to jail for that.
May 17, 2010
The Awesome Power Of Rationization
The Pro-Gunners all seem nice and reasonable when it comes to abiding by the law banning all guns in order to attend their convention. I have to assume not all Pro-Gunners feel the same as the people in this clip, but these few say they're just fine with the kind of gun control restrictions at their convention site that their organization went apeshit over when WashDC tried to ban handguns. And the irony is completely lost on them. The real kicker is the guy at the end. He actually says he's more worried that the Anti-Gunners might bring guns and make trouble; and so, in the interest of everybody's safety, disarming everybody is a good idea.
May 16, 2010
Religiosity
A Catholic nun and longtime administrator of St. Joseph’s Hospital and Medical Center in Phoenix was reassigned in the wake of a decision to allow a pregnancy to be ended in order to save the life of a critically ill patient.
The decision also drew a sharp rebuke from Bishop Thomas J. Olmsted, head of the Phoenix Diocese, who indicated the woman was “automatically excommunicated” because of the action.
Neither the hospital nor the bishop’s office would address whether the bishop had a direct role in her demotion. He does not have control of the hospital as a business but is the voice of moral authority over any Catholic institution operating in the diocese.
The actions involving the administrator, mostly taken within the past couple of weeks, followed a last-minute, life-or-death drama in late 2009. The patient had a rare and often fatal condition in which a pregnancy can cause the death of the mother.
Sister Margaret McBride, who had been vice president of mission integration at the hospital, was on call as a member of the hospital’s ethics committee when the surgery took place, hospital officials said. She was part of a group of people, including the patient and doctors, who decided upon the course of action.
The decision also drew a sharp rebuke from Bishop Thomas J. Olmsted, head of the Phoenix Diocese, who indicated the woman was “automatically excommunicated” because of the action.
Neither the hospital nor the bishop’s office would address whether the bishop had a direct role in her demotion. He does not have control of the hospital as a business but is the voice of moral authority over any Catholic institution operating in the diocese.
The actions involving the administrator, mostly taken within the past couple of weeks, followed a last-minute, life-or-death drama in late 2009. The patient had a rare and often fatal condition in which a pregnancy can cause the death of the mother.
Sister Margaret McBride, who had been vice president of mission integration at the hospital, was on call as a member of the hospital’s ethics committee when the surgery took place, hospital officials said. She was part of a group of people, including the patient and doctors, who decided upon the course of action.
So, if you're a kid-fucking priest, the church takes great pains to protect you and send you from parish to parish to spread your shit. But if you're a nun who takes a little initiative in an attempt to salvage something less than completely fucked up out of a situation that's nothin' but fucked up, then they come down on you like a truckload of rocks.
Oil Spill
BP has resisted entreaties from scientists that they be allowed to use sophisticated instruments at the ocean floor that would give a far more accurate picture of how much oil is really gushing from the well.
"The answer is no to that," a BP spokesman, Tom Mueller, said on Saturday. "We're not going to take any extra efforts now to calculate flow there at this point. It's not relevant to the response effort, and it might even detract from the response effort."
"The answer is no to that," a BP spokesman, Tom Mueller, said on Saturday. "We're not going to take any extra efforts now to calculate flow there at this point. It's not relevant to the response effort, and it might even detract from the response effort."
There's a fairly simple rule about Project Management and Problem Solving that applies universally. It goes like this: If you don't appreciate the full scope of the task, you are almost certain to fail.
2 probabilities - BP knows it's worse than they're saying it is publicly; and they're gambling that the bulk of the oil will stay below the surface, which gives them some plausible deniability.
I guess I worry that the "anti-oilers" are seen as overstating the problem. If the catastrophe then doesn't quite materialize the way they say it will, there's an opportunity for the "pro-oilers" to whip up a backlash, and we're right back to Drill Baby Drill.
Lastly, what happens to the booms and the sandbag dikes and to the oil blob itself when there's a storm?
May 14, 2010
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