Well Well Well

Maybe this one should be filed under: About Fuckin' Time, Dude.

via The Agonist, a story out of New York's Office of the AG with the beginnings of details on pending prosecution of some of the crooks at JP Morgan:

Earlier this year, JPMorgan’s reckless trading strategy cost investors $5.8 billion. The embarrassment from investor losses was compounded by Morgan’s vast understatement of the original amount of the losses.. Chairman Dimon commented, “We learned a lot. I can tell you this has shaken our company to the core.” Apparently, there’s a prosecutorial learning curve in place regarding the broad pattern of civil and potentially criminal violations by JPMorgan and the other made men of The Money Party.

A recent survey of trust in financial institutions showed just 23% of the public trusted the big banks like Morgan and only 15% had any trust in the stock market. Schneiderman should have a favorable audience with just about any jury he chooses. The low opinion of big banks and the latent anger at the lack of prosecutions for those who caused the financial collapse will explode given the slightest opportunity.

Even before this indictment, Janet Novack of Forbes characterized the most recent culprit in the title of her Forbes article, America’s Trust in Banks Falling: Thank You, JPMorgan.” JPMorgan’s record and reputation precede the firm into any court.

Another distinct advantage for the AG is the law used to prosecute Morgan.

And remember that these high-level prosecutors almost never bet on anything that isn't real close to a sure thing.

99 Problems

It's brutal.  And, I think, pretty honest.  And it goes a long way to voicing some of my frustration with this election - or any other election for that matter.

There must be at least a half-dozen good reasons not to vote for Obama.  But the fact remains that those other guys are just too fuckin' looney, and the reasons they try to come up with are total crap.  Besides, I sent him up there to do a job, and he ain't done yet.

(hat tip = Balloon Juice)

Spin Doctoring

This is not new.  it just bears repeating.  And repeating. And Repeating.

From DecodeDC:

Gettin' It Done - 36 & 35

Not sure what I think about cutting back on the space stuff.  An awful lot of good things come out of the pure science that has to be done to put people and hardware into space, so in some ways, it feels a little like Walter Mondale saying we should dump the Apollo program and spend the money on social needs.  At the same time, I'm not convinced we should be making it a big priority to put a permanent base on the moon.

35. Let Space Shuttle Die and Killed Planned Moon Mission: Allowed the expensive ($1 billion per launch), badly designed, dangerous shuttle program to make its final launch on July 8, 2011. Cut off funding for even more bloated and problem-plagued Bush-era Constellation program to build moon base in favor of support for private-sector low-earth orbit ventures, research on new rocket technologies for long-distance manned flight missions, and unmanned space exploration, including the largest interplanetary rover ever launched, which will investigate Mars’s potential to support life.

This one I can get next to:

36. Invested Heavily in Renewable Technology: As part of the 2009 stimulus, invested $90 billion, more than any previous administration, in research on smart grids, energy efficiency, electric cars, renewable electricity generation, cleaner coal, and biofuels.

Today's Pix

Mandelbrot Set

Republican Jesus 2.0

The Bull Finally Wins One

Wonder How That Happened

From iSideWtith.com

Try it - you'll like it.  (hat tip = The Agonist)

You can see how you matchup with the candidates:

And you can check how users from networking sites match up:

The Ring Of Truth

From Addicting Info:

The economy is hiding the fact that employers are not getting their way as often as they’d like. With four jobless applicants for every open position, companies can pick and choose. But they are choosing older and older workers, which is creating for them a long-term problem as these workers will not be available in another 10-20 years. And they know this.

But the Republican candidates clearly do not. To Paul Ryan, through his Ayn Rand tinted glasses, the new generation needs to be in the workplace slaving away for their corporate overlords for just enough money to pay for scraps of food and a run down apartment. They should be grateful for the scraps that fall from the table of the élite. And their lack of gratitude is a moral failing in Ryan’s world view.

Those darned kids.

Does The Moon Also Fall?

Here's your homework assignment for this week.  But if you're anything like me, it'll take you a good while longer than a week to get it all internalized.



Thinking about things like String Theory and other Quantum-y stuff usually gives me a pounding headache.  So, I try instead to think about what was going on in people's heads in the 17th century when Newton was trying to introduce his new ways of doing things.  And it occurs to me: the TeaBaggers of that time resisted all this revolutionary thinking the same as they do now.  It's not much to hang onto, but I have to remember that time is actually on our side.  Evolution doesn't care if you "believe" in it or not.  The surest path to extinction is to defy the natural order of cause and effect.  Adapt; Improvise; Overcome.  If you don't learn, you don't change.  And if you don't change, you die.

The News From Afghanistan

As of today, in wars supposedly intended to get us a little payback, we've now gotten almost 3 times as many Americans killed as died on 9/11.  

KABUL, Afghanistan (AP) — The killing of an American serviceman in an exchange of fire with allied Afghan soldiers pushed U.S. military deaths in the war to 2,000, a cold reminder of the perils that remain after an 11-year conflict that now garners little public interest at home.

When do we get it thru our thick skulls that none of this makes any sense at all?

Gettin' It Done - 38 & 37

I truly hate the Performance Test model for improving schools.  Teachers and Administrators are actually pretty smart people, and it doesn't take a long time before they figure out the game.  I'm not saying they're all just a buncha short-cutters and cheats, I'm saying they know that about the only thing that gets improved in any big way is the balance sheets of companies that suddenly pop up to peddle Assessment Software and their new-found "expertise" as Education Consultants - the teachers and admins figure out how to do what they need to do to keep the doors open, and how to make it look like they're toeing the line as prescribed by power-drunk law-makers and self-designated "experts" who have practically no fuckin' clue how any given school actually works.

And here's the kicker:  You don't fix the schools until you fix the neighborhoods - maybe we could concentrate on that for a minute or two, eh?

37. Crafting Next-Generation School Tests: Devoted $330 million in stimulus money to pay two consortia of states and universities to create competing versions of new K-12 student performance tests based on latest psychometric research. New tests could transform the learning environment in vast majority of public school classrooms beginning in 2014.

And speaking of schooling, this one I can get behind in a pretty big way.  "Higher" education is becoming (if it isn't already) the new High School.  Since there are practically no jobs in the traditional sectors where lots of non-college-track kids could catch on, you don't get any job that doesn't require Spatula Skills if you don't have at least a coupla years beyond K-12.  By trying to do something about the Loan Sharks, Obama is trying to make it a little harder to chain these kids to a lifetime of servitude just so a few bankers' kids get new Mustangs for graduation.

38. Cracked Down on Bad For-Profit Colleges: In effort to fight predatory practices of some for-profit colleges, Department of Education issued “gainful employment” regulations in 2011 cutting off commercially focused schools from federal student aid funding if more than 35 percent of former students aren’t paying off their loans and/or if the average former student spends more than 12 percent of his or her total earnings servicing student loans.