October 5, 2008 archive

Poem Against Land Theft, McCain, & Hate Crimes

Esoteric spiritual madness has accompanied me as I have watched the continuing web of land theft spreading, still, from the Arctic to across the United States.

I know why, but I don’t know why. I have watched Manifest Destiny pair with Climate Change on what is a repetition of land theft from the gun to the gavel. I have watched a leading Republican presidential candidate who is getting away with having enacted legislation that forcefully removed the Navajo. That’s the last straw. The straw that breaks the camel’s back is hate crimes that don’t get noticed by the general public like other hate crimes would.

Yeah…what Trotsky wrote!

Original article, titled Slumps and struggle and subheaded The writings of Leon Trotsky shed light on the complicated relationship between booms, slumps and class struggle, writes John Rees, by John Rees via Socialist Worker (UK):

George Bush’s apocalyptic televised address in the US last week will have signalled the seriousness of this economic crisis – even to those not already aware of it.

Overnight Caption Contest

The Magic of Default Swaps: You Too can be an Insurance Company

The numbers that are thrown around are so mind-boggling that they are mind-numbing. The total amount of Credit Default Swap (CDS) obligations outstanding, according to the Bank of International Settlement, was 57 trillion US$ in December 2007 (pdf).

That is roughly Four Times the size of the US GDP.

These are the things that Warren Buffet called a “time bomb”.

What are they? Well, suppose that we are watching a little old lady crossing a street, and want to take out a life insurance policy that pays if she gets clobbered by traffic. Unless she is close family, or she is a business partner, we can’t do that … we have no insurable interest.

But if we were watching a company, and wanted to buy a contract that pays off if the company can’t pay on its bonds, we could. We’d buy a CDS.

John McCain “Pals Around” With Felons

Inspired by this little comment right here:

“We see America as the greatest force for good in this world,” Palin said at a fund-raising event in Colorado, adding, “Our opponent though, is someone who sees America, it seems, as being so imperfect that he’s palling around with terrorists who would target their own country.”

linky: http://www.cnn.com/2008/POLITI…

Now, CNN goes on to explain that:

…the two men do not appear to have been close. Nor has Mr. Obama ever expressed sympathy for the radical views and actions of Mr. Ayers, whom he has called ‘somebody who engaged in detestable acts 40 years ago, when I was 8.’ ”

Several other publications, including the Washington Post, Time magazine, the Chicago Sun-Times, The New Yorker and The National Review, have debunked the idea that Obama and Ayers had a close relationship.

But, if Sister Sarah wants to go there…

Let me ask you something:

Why, in a presidential election that has at least half a dozen candidates running, are only the two most right-wing politicians receiving any coverage in the corporate-owned press?

Here’s Ralph Nader speaking September 29th on the bailout.

Just the Beginning: A Note from Bernie Sanders

I received a note from Bernie Sanders yesterday to say thanks for supporting and signing on to his letter to Secretary Paulson.

Sanders is clear in saying this is not the end, but the beginning; and he asks people to remain involved.  In the months ahead we need to correct the many flaws in the final passage of H.R. 1424, The Emergency Economic Stabilization Act of 2008 as we all know this is not stabilization at all but, rather, a very volatile weapon of mass destruction which could wreck much greater havoc at any moment.

Nevertheless, so long as we are all still here, I think it is of value to do all we can to try to sustain and restore life.  In this matter, Sanders wants to continue to work to implement his 4 point plan for the economy:

    1) A temporary, 10% surcharge on the ultra-rich.

    2) Extensive re-regulation and oversight.

    3) A WPA type program of job creation in infrastructure repair & sustainable energy

    4) Limits on business size so they are not “too big to fail.”

See more about what he wants to do beneath the fold.

 

Pony Party: More Pictures

Here are a few more pictures…..

Water show outside of the Bellagio. Oh. Even though I wasn’t all that jacked up about Vegas if anybody wants to take me away for the weekend at the Bellagio, I will not turn you down.

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Observant folks will note the giant “Donny and Marie” sign in the background. In a separate show the actual “Osmond Brothers” are playing.

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