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.

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August 5 is the 217th day of the year (218th in leap years) in the Gregorian calendar. There are 148 days remaining until the end of the year.

On this day in 1957, American Bandstand goes national

Television, rock and roll and teenagers. In the late 1950s, when television and rock and roll were new and when the biggest generation in American history was just about to enter its teens, it took a bit of originality to see the potential power in this now-obvious combination. The man who saw that potential more clearly than any other was a 26-year-old native of upstate New York named Dick Clark, who transformed himself and a local Philadelphia television program into two of the most culturally significant forces of the early rock-and-roll era. His iconic show, American Bandstand, began broadcasting nationally on this day in 1957, beaming images of clean-cut, average teenagers dancing to the not-so-clean-cut Jerry Lee Lewis’ “Whole Lotta Shakin’ Goin’ On” to 67 ABC affiliates across the nation.

The show that evolved into American Bandstand began on Philadephia’s WFIL-TV in 1952, a few years before the popular ascension of rock and roll. Hosted by local radio personality Bob Horn, the original Bandstand nevertheless established much of the basic format of its later incarnation. In the first year after Dick Clark took over as host in the summer of 1956, Bandstand remained a popular local hit, but it took Clark’s ambition to help it break out. When the ABC television network polled its affiliates in 1957 for suggestions to fill its 3:30 p.m. time slot, Clark pushed hard for Bandstand, which network executives picked up and scheduled for an August 5, 1957 premiere.

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.

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August 4 is the 216th day of the year (217th in leap years) in the Gregorian calendar. There are 149 days remaining until the end of the year.

On this day in 1964, the remains of three civil rights workers whose disappearance on June 21 garnered national attention are found buried in an earthen dam near Philadelphia, Mississippi. Michael Schwerner and Andrew Goodman, both white New Yorkers, had traveled to heavily segregated Mississippi in 1964 to help organize civil rights efforts on behalf of the Congress of Racial Equality (CORE). The third man, James Chaney, was a local African American man who had joined CORE in 1963. The disappearance of the three young men led to a massive FBI investigation that was code-named MIBURN, for “Mississippi Burning.”

On Junr 20, Schwerner returned from a civil rights training session in Ohio with 21-year-old James Chaney and 20-year-old Andrew Goodman, a new recruit to CORE. The next day–June 21–the three went to investigate the burning of the church in Neshoba. While attempting to drive back to Meridian, they were stopped by Neshoba County Deputy Sheriff Cecil Price just inside the city limits of Philadelphia, the county seat. Price, a member of the KKK who had been looking out for Schwerner or other civil rights workers, threw them in the Neshoba County jail, allegedly under suspicion for church arson.

After seven hours in jail, during which the men were not allowed to make a phone call, Price released them on bail. After escorting them out of town, the deputy returned to Philadelphia to drop off an accompanying Philadelphia police officer. As soon as he was alone, he raced down the highway in pursuit of the three civil rights workers. He caught the men just inside county limits and loaded them into his car. Two other cars pulled up filled with Klansmen who had been alerted by Price of the capture of the CORE workers, and the three cars drove down an unmarked dirt road called Rock Cut Road. Schwerner, Goodman, and Chaney were shot to death and their bodies buried in an earthen dam a few miles from the Mt. Zion Methodist Church.

Cross posted from The Stars Hollow Gazette

You know it’s bad when even the neo-conservatives admit it.

Austerity lovers of the world take note: Cutting government spending hurts the economy and it’s not just the Paul Krugmans of the world that say so.

The American Enterprise Institute, a conservative-leaning think tank, has some data out indicating that cutting government spending may be off-setting private sector growth. That’s notable, especially when coming from an organization with the motto “Freedom. Opportunity. Enterprise.”

Public sector GDP — a measure of the goods and services produced by the government — has shrunk for eight consecutive quarters, according to AEI. At the same time, private sector growth has increased for 12 quarters in a row, indicating that America’s slow overall GDP growth may mostly be a result of a drop in government spending.

In just the last year, federal spending has fallen more than 3 percent, and the cuts may be countering private-sector growth, the Wall Street Journal reports.

The findings show that slashing government spending may not exactly be the best way to boost the economy, even though that’s exactly what lawmakers around the world are considering. That some of the data comes from conservative-leaning AEI adds fuel to the arguments of progressive economists, who argue that painful austerity measures don’t help economies in trouble; they hurt them.

Would somebody please wake up and smell the coffee?  

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.

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August 3 is the 215th day of the year (216th in leap years) in the Gregorian calendar. There are 150 days remaining until the end of the year.

On August 3, 1958, the U.S. nuclear submarine Nautilus accomplishes the first undersea voyage to the geographic North Pole. The world’s first nuclear submarine, the Nautilus  dived at Point Barrow, Alaska, and traveled nearly 1,000 miles under the Arctic ice cap to reach the top of the world. It then steamed on to Iceland, pioneering a new and shorter route from the Pacific to the Atlantic and Europe.

The USS Nautilus was constructed under the direction of U.S. Navy Captain Hyman G. Rickover, a brilliant Russian-born engineer who joined the U.S. atomic program in 1946. In 1947, he was put in charge of the navy’s nuclear-propulsion program and began work on an atomic submarine. Regarded as a fanatic by his detractors, Rickover succeeded in developing and delivering the world’s first nuclear submarine years ahead of schedule. In 1952, the Nautilus’ keel was laid by President Harry S. Truman, and on January 21, 1954, first lady Mamie Eisenhower broke a bottle of champagne across its bow as it was launched into the Thames River at Groton, Connecticut. Commissioned on September 30, 1954, it first ran under nuclear power on the morning of January 17, 1955.

USS Nautilus (SSN-571) was the world’s first operational nuclear-powered submarine. She was also the first vessel to complete a submerged transit across the North Pole.

Named for the submarine in Jules Verne’s Twenty Thousand Leagues Under the Sea, Nautilus was authorized in 1951 and launched in 1954. Because her nuclear propulsion allowed her to remain submerged for far longer than diesel-electric submarines, she broke many records in her first years of operation and was able to travel to locations previously beyond the limits of submarines. In operation, she revealed a number of limitations in her design and construction; this information was used to improve subsequent submarines.

The Nautilus was decommissioned in 1980 and designated a National Historic Landmark in 1982. She has been preserved as a museum of submarine history in New London, Connecticut, where she receives some 250,000 visitors a year.

Cross posted from The Stars Hollow Gazette

What was should have been an open and shut case against a mid-level executive with Citibank over the banks’s sale of risky collateralized debt obligations (CDO) somehow was lost by Security and Exchange Commission lawyers.

The Securities and Exchange Commission had accused Brian Stoker, a former midlevel Citigroup executive, with negligence related to his role in creating exotic mortgage securities known as collateralized debt obligations, or C.D.O.’s. In a lawsuit filed last October, the government said that Mr. Stoker, who prepared sales materials for C.D.O.’s, knew or should have known that he was misleading investors by not disclosing that Citigroup helped select the underlying mortgage securities in the C.D.O. and then placed a large bet against it.

The jury rejected the S.E.C.’s case, concluding that Mr. Stoker was not liable under the securities laws. In addition to handing up its verdict, the jury also issued an unusual statement.

“This verdict should not deter the S.E.C. from investigating the financial industry, to review current regulations and modify existing regulations as necessary,” said the jury’s statement, which was read aloud in the courtroom by Judge Jed S. Rakoff, who presided over the two-week trial in Federal District Court in Manhattan.

Citibank has already entered an agreement to pay $285 million to settle a civil suit filed by the SEC about the CDO’s. As part of the agreement, Citibank would not have to admit to any wrong doing. Judge Rakoff has rejected that deal and told the parties to prepare for a trial. That ruling is being appealed.

Mr. Stoker’s lawyer depicted him as a “scapregoat” who was merely doing what he was told. Stoker knew full well that the CDO’s were very risky but failed to warn investors who lost over a billion dollars, but he was following instruction from the higher ups. Seriously? The Nuremberg defense is now acceptable?

As Yves Smith observes the SEC showed abject incompetence in prosecuting Stoker:

The SEC’s performance in the case at issue, SEC v. Stoker, was such a total fail that the odds are high that any motivated member of the top half of the NC readership would have done a better job of arguing this case pro se than the SEC did. Even though this case was argued before a jury (ooh, scary! They might go into My Eyes Glaze Over mode on CDO details), the basic issues were simple. The CDO squared that Citigroup director Brian Stoker marketed to investors was presented as having its assets selected by an independent asset manager. This is crucial. Just as investors in mutual funds understand they are hiring a fund management firm, and they compete on track records, so to were managed CDOs sold on the notion that the managers were serving the interests of the investors. And this is particularly important for CDOs, since the fact that the final asset list is made available shortly before closing makes it pretty much impossible for investors to evaluate a CDO on their own even if they had the skills and motivation. [..]

So what did the SEC’s strategy appear to be? This seems to have been a parallel to the approach in the Goldman suit against Goldman’s Fabrice Tourre: to target an non-executive and get him to roll the higher ups. But Tourre and Stoker were both enough made men to be willing to fight. Stoker had a $2.2 million guarantee for 2007. Guys like that do not want to lose their access to the industry meal ticket.

So what was Stoker’s defense? That he was being scapegoated, and Citi should really be on trial. Huh? In prosecutions, whether other parties are being charged is irrelevant. The question at hand is: did the party on trial engage in the conduct in question or not? Saying, “I was only the car driver in the robbery, I didn’t enter the convenience store” does not get you off of being an accessory to a crime. It’s pretty bloomin’ obvious that Stoker misrepresented the deal to investors. He had held securities industry licenses; he knew what the standards were.

It’s fairly obvious from day one of this entire case against Citibank that the SEC was trying very hard to let them off the hook. It is past time that the SEC was staffed with people who are more willing to regulate the banks and up hold the law. I have some heavy doubts that will ever happen under this administration or any other, now or in the future.

Cross posted from The Stars Hollow Gazette

A skeptical physicist ends up confirming climate data

by Brad Plumer

Back in 2010, Richard Muller, a Berkeley physicist and self-proclaimed climate skeptic, decided to launch the Berkeley Earth Surface Temperature (BEST) project to review the temperature data that underpinned global-warming claims. Remember, this was not long after the Climategate affair had erupted, at a time when skeptics were griping that climatologists had based their claims on faulty temperature data.

Muller’s stated aims were simple. He and his team would scour and re-analyze the climate data, putting all their calculations and methods online. Skeptics cheered the effort. “I’m prepared to accept whatever result they produce, even if it proves my premise wrong,” wrote Anthony Watts, a blogger who has criticized the quality of the weather stations in the United Statse that provide temperature data. The Charles G. Koch Foundation even gave Muller’s project $150,000 – and the Koch brothers, recall, are hardly fans of mainstream climate science.

So what are the end results? Muller’s team appears to have confirmed the basic tenets of climate science. Back in March, Muller told the House Science and Technology Committee that, contrary to what he expected, the existing temperature data was “excellent.” He went on: “We see a global warming trend that is very similar to that previously reported by the other groups.” And, today, the BEST team has released a flurry of new papers that confirm that the planet is getting hotter. As the team’s two-page summary flatly concludes, “Global warming is real“.

While Prof Muller admitted that global warming was very real, he was still a skeptic as to its cause. Until now:

The Conversion of a Climate-Change Skeptic

by Richard A. Muller

CALL me a converted skeptic. Three years ago I identified problems in previous climate studies that, in my mind, threw doubt on the very existence of global warming. Last year, following an intensive research effort involving a dozen scientists, I concluded that global warming was real and that the prior estimates of the rate of warming were correct. I’m now going a step further: Humans are almost entirely the cause.

My total turnaround, in such a short time, is the result of careful and objective analysis by the Berkeley Earth Surface Temperature project, which I founded with my daughter Elizabeth. Our results show that the average temperature of the earth’s land has risen by two and a half degrees Fahrenheit over the past 250 years, including an increase of one and a half degrees over the most recent 50 years. Moreover, it appears likely that essentially all of this increase results from the human emission of greenhouse gases.

(Richard A.) Muller’s research was intended to prove the opposite. The physicist and his team even took the most common arguments raised by climate deniers, putting them to the test to see if skeptics’ claims had merit. It’s why the Kochs got out their checkbook in the first place.

But Muller is now telling his benefactors what they don’t want to hear (a.k.a., the truth): the climate crisis is real and it’s caused by human activity. Whether humanity chooses to deal with the reality of the crisis remains to be seen, but we can’t say we weren’t warned.

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.

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August 2 is the 214th day of the year (215th in leap years) in the Gregorian calendar. There are 151 days remaining until the end of the year.

On this day in 1776, members of Congress affix their signatures to an enlarged copy of the Declaration of Independence.

Fifty-six congressional delegates in total signed the document, including some who were not present at the vote approving the declaration. The delegates signed by state from North to South, beginning with Josiah Bartlett of New Hampshire and ending with George Walton of Georgia. John Dickinson of Pennsylvania and James Duane, Robert Livingston and John Jay of New York refused to sign. Carter Braxton of Virginia; Robert Morris of Pennsylvania; George Reed of Delaware; and Edward Rutledge of South Carolina opposed the document but signed in order to give the impression of a unanimous Congress. Five delegates were absent: Generals George Washington, John Sullivan, James Clinton and Christopher Gadsden and Virginia Governor Patrick Henry.

The United States Declaration of Independence is a statement adopted by the Continental Congress on July 4, 1776, which announced that the thirteen American colonies then at war with Great Britain were now independent states, and thus no longer a part of the British Empire. Written primarily by Thomas Jefferson, the Declaration is a formal explanation of why Congress had voted on July 2 to declare independence from Great Britain, more than a year after the outbreak of the American Revolutionary War. The birthday of the United States of America-Independence Day-is celebrated on July 4, the day the wording of the Declaration was approved by Congress.

The Declaration justified the independence of the United States by listing colonial grievances against King George III, and by asserting certain natural rights, including a right of revolution. Having served its original purpose in announcing independence, the text of the Declaration was initially ignored after the American Revolution. Its stature grew over the years, particularly the second sentence, a sweeping statement of individual human rights:

   We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

This sentence has been called “one of the best-known sentences in the English language” and “the most potent and consequential words in American history”.

After finalizing the text on July 4, Congress issued the Declaration of Independence in several forms. It was initially published as a printed broadside that was widely distributed and read to the public. The most famous version of the Declaration, a signed copy that is usually regarded as the Declaration of Independence, is on display at the National Archives in Washington, D.C. Although the wording of the Declaration was approved on July 4, the date of its signing has been disputed. Most historians have concluded that it was signed nearly a month after its adoption, on August 2, 1776, and not on July 4 as is commonly believed. The sources and interpretation of the Declaration have been the subject of much scholarly inquiry.

The famous wording of the Declaration has often been invoked to protect the rights of individuals and marginalized groups, and has come to represent for many people a moral standard for which the United States should strive. This view was greatly influenced by Abraham Lincoln, who considered the Declaration to be the foundation of his political philosophy, and who promoted the idea that the Declaration is a statement of principles through which the United States Constitution should be interpreted.

Cross posted by The Stars Hollow Gazette

August is here and tonight we a graced with the first of two full moons and the first harvest festival of the Wiccan year, Lughnasadh.

August 31 will be the last Blue Moon, the second full moon in a single month, until July 2015. A “blue moon’ occurs approximately every 2.7 years. On rare occasions, as in 1999, it happens twice. Joe Rao at Space.com explains the term “blue moon” its origins and some interesting astronomical lunar trivia:

The phrase “once in a blue moon” was first noted in 1824 and refers to occurrences that are uncommon, though not truly rare. Yet, to have two full moons in the same month is not as uncommon as one might think. In fact, it occurs, on average, about every 2.66 years. And in the year 1999, it occurred twice in a span of just three months.

For the longest time no one seemed to have a clue as to where the “blue moon rule” originated.

It was not until that “double blue moon year” of 1999 that the origin of the calendrical term “blue moon” was at long last discovered. It was during the time frame from 1932 through 1957 that the Maine Farmers’ Almanac suggested that if one of the four seasons (winter, spring, summer or fall) contained four full moons instead of the usual three, that the third full moon should be called a blue moon.

But thanks to a couple of misinterpretations of this cryptic definition, first by a writer in a 1946 issue of Sky & Telescope magazine, and much later, in 1980 in a syndicated radio program, it now appears that the second full moon in a month is the one that’s now popularly accepted as the definition of a blue moon.

Blue Moon/New Moon

While we’ve assigned the name blue moon to the second full moon of the month, it seems that we have no such name for the second new moon of the month. Nonetheless, these opposing phases seem to be connected with each other. For if two new moons occur within a specific month, then in most cases, four years later, two full moons will also occur in that very same month.

Tonight the moon becomes full at 11:27 PM EDT and st 9:58 AM on August 31. The moons also have names that originated from our Native American brothers and sisters:

Aug. 1, Full Sturgeon Moon, when this large fish of the Great Lakes and other major bodies of water, such as Lake Champlain, is most readily caught. A few tribes knew this moon as the Full Red Moon because when the moon rises, it appears reddish through sultry haze (in 2012, The Old Farmer’s Almanac gives this moniker to the full moon of Aug. 31). Other variations include the Green Corn Moon or Grain Moon.

Aug. 31, Full Corn Moon.  Sometimes also called the Fruit Moon; such monikers were used for a full moon that occurs during the first week of September, so as to keep the Harvest Moon from coming too early in the calendar.

The first two days of August are also the Wiccan holiday of Lughnasadh,or Lammas, the first of three harvest festivals celebrating the bounties of Mother Earth. The name is derived from the Irish god, Lugh, who dedicated the festival to his foster mother who died clearing a forest for planting. It marks the beginning of the harvest when apples are ripe, wheat and corn are ready to harvest. Herbs and flowers are ready to be picked and dried and fruit are prepared for preserving, seeds are gathered for Spring planting. To celebrate, a fire is lit and the table is spread with the bounties of the harvest and decorated with seasonal flowers. The first wines and beers are placed in pitchers and dinner is grilled meat and vegetables from the garden seasoned with fresh herbs.

It’s raining here tonight, so our celebration will be postponed until tomorrow night. We are hoping for a glimpse of the moon as the storms move out of the area tonight.