June 2012 archive

What A Great Idea!

An innovation in free speech.  I know I’d much rather watch advertisements than most ‘entertainment’ programming.

American Idol.  Case closed.

On This Day In History June 22

Cross posted from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

Click on images to enlarge.

June 22 is the 173rd day of the year (174th in leap years) in the Gregorian calendar. There are 192 days remaining until the end of the year.

On this day in 1944, President Franklin D. Roosevelt signs into law the Servicemen’s Readjustment Act of 1944, commonly known as the G.I. Bill.

The G.I. Bill was an omnibus bill that provided college or vocational education for returning World War II veterans (commonly referred to as G.I.s) as well as one year of unemployment compensation. It also provided many different types of loans for returning veterans to buy homes and start businesses. Since the original act, the term has come to include other veteran benefit programs created to assist veterans of subsequent wars as well as peacetime service.

By the time the original G.I. Bill ended in July 1956, 7.8 million World War II veterans had participated in an education or training program and 2.4 million veterans had home loans backed by the Veterans’ Administration (VA). Today, the legacy of the original G.I. Bill lives on in the Montgomery G.I. Bill.

Harry W. Colmery, a World War I veteran and the former Republican National Committee chairman, wrote the first draft of the G.I. Bill. He reportedly jotted down his ideas on stationery and a napkin at the Mayflower Hotel in Washington, DC.[2] U.S. Senator Ernest McFarland was actively involved in the bill’s passage and is known, with Warren Atherton, as one of the “fathers of the G.I. Bill.” One might then term Edith Nourse Rogers, R-Mass., who helped write and who co-sponsored the legislation, as the “mother of the G.I. Bill”.[citation needed] Like Colmery, her contribution to writing and passing this legislation has been obscured by time.

The bill was introduced in the House on January 10, 1944, and in the Senate the following day. Both chambers approved their own versions of the bill.

The bill that President Roosevelt initially proposed was not as far reaching. The G.I. Bill was created to prevent a repetition of the Bonus March of 1932 and a relapse into the Great Depression after World War II ended.

An important provision of the G.I. Bill was low interest, zero down payment home loans for servicemen. This enabled millions of American families to move out of urban apartments and into suburban homes. Prior to the war the suburbs tended to be the homes of the wealthy and upper class.

Another provision was known as the 52-20 clause. This enabled all former servicemen to receive $20 once a week for 52 weeks a year while they were looking for work. Less than 20 percent of the money set aside for the 52-20 Club was distributed. Rather, most returning servicemen quickly found jobs or pursued higher education.

Whips and Scourges

Paul Solmon is an ignoramus who never studied Samuelson.

Cartnoon

5 x Five – Hot Button Issues – Gay Rights 2:49

Muse in the Morning

Photo Sharing and Video Hosting at Photobucket
Muse in the Morning


Zima and Bakor, at Anso

Late Night Karaoke

Do Not Annoy Ladies With Sharp Objects

Cross posted from The Stars Hollow Gazette

You knitting folks will be interested in this. My daughter, who is an avid knitter and belongs to the group in question, brought it to my attention

Knitters Outraged After U.S. Olympic Committee Squashes Knitting Olympics-and Disses Knitters

Knitters Outraged After U.S. Olympic Committee Squashes Knitting Olympics-and Disses Knitters

by Adrian Chen    

If you mess with the Olympics trademark, a cloud of legal hurt will descend on you faster than Tyson Gay in the Men’s 100 meters. Case in point: The U.S. Olympic Committee has sent a cease and desist letter to a knitting-based social network for hosting a knitting “olympics.” Now, knitters are in revolt.

2012 was to be the third year that the knitting social network Ravelry-yes, this exists and is surprisingly popular-hosted a “Ravelympics,” a knitting competition for users that includes events like an “afghan marathon,” and “scarf hockey.” Knitters were supposed to compete in their events while watching the actual Games on TV.

But that was before the U.S. Olympics Committee got wind of it and sent Ravelry a cease & desist, for making a mockery of the Games with their needlework. Here’s a passage from the letter, sent by the USOC’s general counsel and posted by Ravelry founder Casey Forbes to his blog (Ravelry account required):

   The athletes of Team USA have usually spent the better part of their entire lives training for the opportunity to compete at the Olympic Games and represent their country in a sport that means everything to them.  For many, the Olympics represent the pinnacle of their sporting career.  Over more than a century, the Olympic Games have brought athletes around the world together to compete at the Olympic Games and represent their country in a sport that means everything to them.

   […]

  We believe using the name “Ravelympics” for a competition that involves an afghan marathon, scarf hockey and sweater triathlon, among others, tends to denigrate the true nature of the Olympic Games.  In a sense, it is disrespectful to our country’s finest athletes and fails to recognize or appreciate their hard work.

She also sent this snark tinged response from “jen” at Magpie Knitter

How many Olympic athletes have you insulted?

Today, I learned that I have insulted the entire US Olympic team. In fact, not only have I done this once, I have done it twice – first in 2008 and again in 2010. I feel it is only right that I publicly admit to my shameful actions and share them here with you. The pictures below are graphic and may be upsetting to some, so please only look if you have a strong stomach. May not be safe for work.

Let me steel myself first…ok. Here it is: the evidence of my shameful lack of respect for the Olympic games and athletes everywhere.

Photobucket

Ravelympics Wristers

[..]

So again – my deepest and most humble and sincere apology. It is terribly unfortunate, of course, that the US Olympic Committee has managed to suck away a lot of the anticipation I had for the 2012 Olympics, but I accept that the error was mine in the first place. Yes, the Ravelympics had me watching the Olympics for the first time since I was a young child, but two wrongs – knitting and the Ravelympics – don’t make a right. The poor US athletes could probably sense that I was knitting while I watched and cheered, and who knows how many medals that knowledge may have cost them? Or dollars, since any time I spent knitting was time I wasn’t spending with one of the many corporate sponsors (whom we all know should have priority)? Now that I have been set straight, I am relieved to see that as many references to knitting and other fiber crafts as possible are being squashed to protect the purity of the Games.

It’s a shame about that red, white and blue cabled sweater I planned to design and knit during the Ravelympics in honor of our athletes, but at least now I won’t be disrespecting anyone with it.

If you think that’s bad, try the Londinium 2012 ( I use that term because it’s not copyrighted, yet, and I wouldn’t want to get in trouble here)

2012 Olympics – be careful what you say

Under the London Olympic Games and Paralympic Games Act 2006 it will be virtually impossible to associate your firm or its activities with that of the Olympics unless you are one of the very few official partner/sponsors. Even mention of the word ‘Olympics’ could see practitioners in breach of the Act.

[..]

The use of specific ‘Listed Expressions’ which are quantified as follows: any two of the words in list A below; or, any word in list A with one or more words in list B:

List A

Games

Two Thousand and Twelve

2012

Twenty-Twelve

List B

London

Medals

Sponsors

Summer

Gold

Silver

Bronze

I think these Olympic Committees are getting carried away with this and alienating supporters.

Egyptian Democracy Postponed

Cross posted from The Stars Hollow Gazette

Why is the New York Times surprised? I’m not.

Egypt Delays Declaring Winner of Presidential Election

by David Kirkpatrick

CAIRO – Egyptian election officials said Wednesday that they were postponing the announcement of a winner in last week’s presidential runoff, saying they needed more time to evaluate charges of electoral abuse that could affect who becomes the country’s next leader.

The commission had been expected to confirm a winner on Thursday and, based on a public vote count confirmed in official news media, to have named Mohamed Morsi, of the Muslim Brotherhood.

The surprise delay intensified a power struggle between the Muslim Brotherhood and Egypt’s military rulers. It came just days after the generals who took over upon the ouster of Hosni Mubarak reimposed martial law, shut down the Brotherhood-led Parliament, issued an interim charter slashing the new president’s power and took significant control over the writing of a new constitution.

Amid allegations of fraud from both sides, both candidates have declared themselves winners, although, the unofficial count show that Morsi is the clear victor by a million vote margin. The presidential commission, which has the final say, is investigating the allegations while rumors abound that they will invalidate enough of Morsi’s votes to make Safiq the winner. On of the allegations being investigated is that the Muslim Brotherhood gained access to a government printing office and pre-marked at least one million ballots for Morsi.

This is the view of the situation from the Muslim Brotherhood on the political and economic impacts for Egypt as reported by Evan Hill via Al Jazeera:

Jihad el-Haddad, an aide to Khairat el-Shater – the movement’s first choice for president and a man seen as its de facto leader – said the Brotherhood is “done negotiating”. [..]

The Brotherhood is now ready to push the military to the brink, he said.

Its leaders are well aware that the bungled transition has cost the country several billion dollars in lost investment and aid, much of it tied to having a democratically elected government, and even more in foreign reserves spent to keep the Egyptian pound afloat.

Further unrest would likely cause a currency devaluation, pushing up the prices of food and household goods and raising the spectre of a “hunger revolution,” Haddad said.

Meanwhile, alternative premises have been found where the parliament can meet on Tuesday for its regular session, he claimed, in defiance of the military council, which has ordered the armed guards surrounding the parliament building to deny entry to MPs. [..]

Both sides know the economic and human cost of a return to the mass protests and street clashes that have marked the past 16 months, and their ongoing negotiations indicate both are probably more malleable than they make themselves appear.

Washington has responded to this crisis with some concern:

Secretary of State Hillary Rodham Clinton said the US expects the military to “support the democratic transition, to recede by turning over authority”.

“The military has to assume an appropriate role, which is not to try to interfere with, dominate or subvert the constitutional authority,” she said.

Privately, US officials expressed concern that a Shafik victory could have dangerous fallout, with protests and ensuing instability that could lead the military to take even stronger measures.

The big problem is that the allies of the military, Mubarak-era officials and secular opponents of Islamists also hold sway in the judiciary, the prosecutor’s office and the election commission.

Even if the military turns over control to a civilian government by the end of June, it will still retain unprecedented powers and that is a huge problem.

Today on The Stars Hollow Gazette

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GLOBAL MARKETS-Stocks, oil, gold fall on growth worries

By Caroline Valetkevitch, Reuters

June 21, 2012

NEW YORK, June 21 (Reuters) – Global stocks fell more than 1 percent and Brent crude hit its lowest since December 2010 on Thursday following data showing Chinese, European and U.S. manufacturing activity had slowed further.

The weak data came just a day after the Federal Reserve extended its monetary stimulus program aimed at boosting the U.S. economy.

U.S. stocks added to losses after Goldman Sachs recommended shorting the benchmark S&P 500 index. All three major U.S. indexes were on track for their worst day since June 1.

Gold fell and was on track for its biggest decline in more than three months, hurt by global economic worries, while the U.S. dollar rose against the euro and yen as the Fed’s move disappointed investors who had hoped for a more aggressive policy.

Business activity across the euro zone shrank for a fifth straight month in June and Chinese manufacturing contracted, while weaker overseas demand slowed U.S. factory growth, surveys showed.

Moody’s Said to Be Poised to Announce Bank Downgrades Today

By Howard Mustoe, Bloomberg News

Jun 21, 2012 2:04 PM ET

Moody’s Investors Service has told banks it may later today announce downgrades of the credit ratings of as many as 17 lenders and securities firms with global capital markets operations, according to two people with knowledge of the plans.



The company said in February it may lower the ratings of firms including UBS AG (UBSN), Credit Suisse Group AG (CSGN) and Barclays Plc (BARC) as part of a review of how Europe’s sovereign debt crisis was hurting more than 100 lenders. Any downgrades could raise borrowing costs and force banks to increase collateral.



UBS, Credit Suisse and Morgan Stanley (MS)’s credit ratings may be cut by as many as three levels, Moody’s said in February. Barclays, BNP Paribas SA (BNP), Credit Agricole SA (ACA), HSBC Holdings Plc (HSBA), Goldman Sachs Group Inc. (GS), Deutsche Bank AG (DBK), JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), and Royal Bank of Canada (RY) may be lowered by two, Moody’s said.

Bank of America Corp., Royal Bank of Scotland Group Plc (RBS) and Societe Generale SA (GLE) may be lowered by one grade, it said.

Oil falls below $90 for first time since Dec 2010

By Gene Ramos and David Sheppard, Reuters

Thu Jun 21, 2012 4:04pm EDT

NEW YORK (Reuters) – Brent crude oil slid nearly 4 percent in heavy trading on Thursday, dropping below $90 a barrel for the first time in 18 months as weak economic data from China, the United States and Europe pointed to prospects for slower oil demand.



Other major commodities also tumbled as gloomy global data darkened the demand outlook for raw materials.



“Supply is outstripping demand and whatever other data you see out there won’t change that,” said Dominick Chrichella, senior partner at the Energy Management Institute in New York.



China’s factory sector shrank for an eighth straight month in June as export order sentiment hit its weakest since early 2009, according to a survey indicating the country’s economic trough may extend well into the third quarter.

U.S. jobs data added to the gloom with little change last week in the number of Americans filing new unemployment claims.

Data also showed U.S. manufacturing grew in June at its slowest pace in 11 months, with hiring in the sector hobbled as overseas demand for U.S. products weakened, compounding the dreary economic outlook in the world’s largest oil consumer.

Business activity across the euro zone shrank for a fifth straight month in June, according to the closely watched Markit Flash Composite Purchasing Managers Index.



“Really, what we’ve been calling ‘downward momentum’ would now be better described as ‘panic selling,'” said Tom Mooney at Southeast Energy in Houston, Texas.

“Even the most convinced bulls have had to face the reality that, at least for now, their portfolio has been getting ripped up, no doubt with margin calls forcing some to get out.”

Dow down -250.82.  Maria Bartiromo is a hopeless shill, even now plaintively whining “Isn’t there any valuation at which you’d buy banks?”

Health and Fitness News

Welcome to the Health and Fitness News, a weekly diary which is cross-posted from The Stars Hollow Gazette. It is open for discussion about health related issues including diet, exercise, health and health care issues, as well as, tips on what you can do when there is a medical emergency. Also an opportunity to share and exchange your favorite healthy recipes.

Questions are encouraged and I will answer to the best of my ability. If I can’t, I will try to steer you in the right direction. Naturally, I cannot give individual medical advice for personal health issues. I can give you information about medical conditions and the current treatments available.

You can now find past Health and Fitness News diaries here and on the right hand side of the Front Page.

Quinoa Salads With Spring Vegetables

Photobucket

Quinoa makes great salads because it has such a vegetal flavor. It can be the main ingredient or a lesser element added for texture and variation. This week’s recipes have great staying power, so make some of these on a Sunday and take them to work during the week.

Quinoa and Asparagus Salad

A lemony buttermilk dressing gives this salad a tangy richness.

Rainbow Quinoa Salad With Fava Beans and Herbs

Toasting the grains in a hot pan before cooking the quinoa gives this richly textured salad a deeper flavor.

Quinoa, Pea and Black Bean Salad With Cumin Vinaigrette

Fresh English peas, a springtime treat, are ideal for this salad, but in a pinch you can use frozen peas.

Red Quinoa, Cauliflower and Fava Bean Salad With Buttermilk Curry Dressing

This colorful and brightly flavored salad is packed with protein and other nutrients.

Quinoa, Spinach and Mushroom Salad

Quinoa lends bulk to the classic pairing of spinach and mushrooms, and walnuts add richness.

A Brief History of Modern Egyptian Politics

As Mubarak Lay Dying

Posted by Lawrence Wright, The New Yorker

June 20, 2012

Sixty years ago, a group of military officers, led by Gamal Abdel Nasser and Anwar Sadat, forced Farouk I, an Ottoman leftover who styled himself King of Egypt and Sudan, Sovereign of Nubia, Kordofan, and Nubia, to rush to his yacht and seek exile in Monaco. In this effort, they were assisted by the C.I.A., which was dismayed by the decadence and corruption that characterized Farouk’s reign. The operation was known informally as “Project FF”-Fat Fucker. It was one of the many attempts to steer Egypt in what American policymakers think might be the right direction. They must look back at that period with a sense of woe-if, indeed, they ever reflect on history at all.



Nasser’s charisma and energy awakened the entire region to the postcolonial era, but he failed to find an accommodation with the Islamic trend, and he turned to Israel as a scapegoat. Sadat, his successor, had the courage to reach a peace treaty with Israel. He saw the foolishness of depending on the Soviet Union as an ally and socialism as an economic model. He also tried to find a way to incorporate the Islamists into civil society, at least by letting them out of prison, and they responded by murdering him.

Hosni Mubarak, who now may be dying-Tuesday, he was briefly reported clinically dead-was an excellent military officer, and a capable bureaucrat, but he had no independent vision and no idea how to escape the impediments to progress that the original coup had imposed. Immediately after Sadat’s assassination, in 1981, Mubarak imposed emergency rule, which essentially authorized unbridled dictatorial power masked by a façade of democratic elections. Under his rule, freedom of speech and assembly were tightly constrained. These restrictions on liberty crushed other forms of political expression, so that the Islamists-the Muslim Brotherhood and more radical forms of political Islam-became the only real way to voice opposition to Mubarak’s reign. Military dictatorship and Islamism became the axis upon which Egyptian politics revolved.



The decision by the Egyptian military to dissolve a freely elected parliament earlier this month-predicated on a court decision by Mubarak holdovers-amounts to a second military coup. Once again, it has been assisted by the American decision to continue to support the antidemocratic forces that have retarded the development of Egypt. A moderate Islamist government, responsive to the social needs of the country, is the best that the U.S. can expect now, and what the people of Egypt have demanded by their votes.

America is unlikely to have any influence on the future of Egypt if it continually opposes and demonizes the longing of Egyptians to achieve real democratic expression, with all its hazards. Sixty years of unaccountable military dictatorship have shown how sterile the alternative is. … (I)t’s time to pull the plug on American support of this antidemocratic, military regime.

Of course it could merely be a bathroom slip and fall.  Nothing to see here.

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