Tag: Open Thread

Monday Morning Business Update

Monday Morning Business Update is an Open Thread

From Yahoo News Business

1 Wall Street may brake for housing, Home Depot

By Ellis Mnyandu, Reuters

Sun May 17, 7:46 pm ET

NEW YORK (Reuters) – Stocks are likely to hit more speed bumps this week as investors become more wary of Wall Street’s ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.

With first-quarter earnings reports winding down and recent optimism about economic stabilization already factored into stock prices, analysts said there appears to be very little on the horizon to help extend the recent run-up.

Quarterly earnings from rival home-improvement chains Home Depot Inc (HD.N) and Lowe’s Cos Inc (LOW.N) may shed some light on the consumer’s ability and inclination to spend. The numbers may also give a hint of any further fallout from the housing slump.

Weekend News Digest

Weekend News Digest is an Open Thread

Now with World News.

From Yahoo News Top Stories

1 Buoyant Congress eyes new allies for coalition

By Krittivas Mukherjee, Reuters

Sun May 17, 9:57 am ET

NEW DELHI (Reuters) – India’s Congress party held talks Sunday to identify allies for a new stable coalition government after a sweeping election victory at a time of sagging economic growth and regional instability.

Prime Minister Manmohan Singh’s coalition defied predictions of a tight election and was only about 12 seats short of an outright majority from the 543 seats at stake, according to election commission data.

In a country where unwieldy coalitions were becoming the order of the day and hobbling policy, the electoral verdict this time means Congress will call the shots in coalition building rather than being dependent on the goodwill of regional parties.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 India’s ruling Congress alliance wins election

By Sanjeev Miglani, Reuters

Sat May 16, 11:06 am ET

NEW DELHI (Reuters) – Indian Prime Minister Manmohan Singh’s ruling coalition won an overwhelming election victory on Saturday, boosting hopes of a stable government as the emerging Asian power faces economic downturn and tensions with Pakistan.

Singh’s Congress-led coalition, riding on the back of years of economic growth, did better than expected and will probably be only just short of an outright majority, according to data from the election commission and projections by TV channels.

“The people of India have spoken, and spoken with great clarity,” Singh told reporters.

Six Excuses

Shorter Froomkin.

1. Nothing to see here.

Obama: “photos that were requested in this case are not particularly sensational, especially when compared to the painful images that we remember from Abu Ghraib.”

2. A few bad apples have been dealt with.

Obama: incidents “were investigated — and, I might add, investigated long before I took office — and, where appropriate, sanctions have been applied….[T]his is not a situation in which the Pentagon has concealed or sought to justify inappropriate action. Rather, it has gone through the appropriate and regular processes. And the individuals who were involved have been identified, and appropriate actions have been taken.”

3. No good would come of this.

Obama: “the publication of these photos would not add any additional benefit to our understanding of what was carried out in the past by a small number of individuals.”

4. We have to protect the troops.

Obama: “In fact, the most direct consequence of releasing them, I believe, would be to further inflame anti-American opinion and to put our troops in greater danger.”

5. There will be a chilling effect.

Obama: “Moreover, I fear the publication of these photos may only have a chilling effect on future investigations of detainee abuse.”

6. This is a new argument, not just the same old excuses.

Gibbs: “The President isn’t going back to remake the argument that has been made. The President is going — has asked his legal team to go back and make a new argument based on national security.”

You should read the whole article because Froomkin pretty much shoots down every one of these excuses.

Hat tip Glenn Greenwald, also worth reading (warning, graphic images).

The Stars Hollow Gazette

Photographs convey the reality of things in a way that mere words cannot.  They prevent people who want to deny what was done the ability to do so.  They force citizens to face what their country did and what they are now justifying and advocating.  They impede the ability of political leaders to use euphemisms to obscure the truth.  They show in graphic detail what the effects are of sanctioning torture policies.  They prove that this was about more than “dunking three terrorists into water.”  They highlight the fact that no decent person believes that this should all just be forgotten and its victims told that they have no right to have accountability.  That’s precisely why the photographs are being suppressed:  because of how much good they would do.

Glenn Greenwald

Wednesday Morning Science Supplement

From Yahoo News Science

1 NASA finds minor scratch damage to shuttle shield

By Irene Klotz, Reuters

Tue May 12, 6:47 pm ET

CAPE CANAVERAL, Florida (Reuters) – The U.S. space shuttle Atlantis apparently was hit by a piece of debris that nicked part of its heat shield but the damage appeared very minor, NASA said on Tuesday.

Atlantis and its seven-member crew blasted off from Florida on Monday on an 11-day mission to repair the Hubble Space Telescope.

It will be the U.S. space agency’s last chance to tinker with the telescope — which has vastly expanded scientists’ knowledge of the universe — before NASA ends the shuttle program in 2010.

The Stars Hollow Gazette

It’s tough to keep talking about torture, but we simply have to.

It’s a black and white issue.  A bright line between us and the barbarians.

We consider it shameful to kill people without due process of law particularly in brutal fashions memorialized in the Constitution, that scrap of paper, as cruel and unusual punishment.

We don’t beat or stone people to death, it’s hard even to muster much enthusiasm for lethal injection given how often it has been wrongly applied to the objectively innocent.  I much prefer the guilty rot in any event without wishing them physical ills like anal rape or beatings and I want that punishment to last as long as possible.  I hope you die a lingering death- old, broken, and wasted.

Over 99 people have died in custody and the actual number is probably much higher.  I pretty much call that massive organ failure, all of them at once.

Even given the patently illegal latitude of the Torture Memos every guideline was violated.  How can you claim that the people physically administering this punishment, the actual torturers, DID NOT KNOW that they were killing people?  We have pictures of them posing next to corpses on ice in body bags.  We had videos of ACTUAL TORTURE SESSIONS taking place that were destroyed specifically to obstruct justice.

The brazenness of these criminal actions is breathtaking.  They have self confessed on video tape and in print.  Do you think there is more evidence against them or Drew Petersen?

And we cannot ignore the law-

Article VI

This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding.

The Senators and Representatives before mentioned, and the Members of the several State Legislatures, and all executive and judicial Officers, both of the United States and of the several States, shall be bound by Oath or Affirmation, to support this Constitution…

Monday Morning Business Update

Old News

Saturday

Stress Tests

1 Improving markets helped banks pass stress test

By Mark Felsenthal, Reuters

21 mins ago

WASHINGTON (Reuters) – U.S. bank regulators breathed a huge sigh of relief in early April when improving financial markets looked set to push the nation’s 19 largest banks through the gauntlet of tough “stress tests” in reasonably good shape.

In early March, a month after Treasury Secretary Timothy Geithner announced the tests on February 10 to help restore investor confidence in the major banks, the scene was much bleaker: major stock indexes had slumped to 12-year lows on persistent fears about the financial weakness. It looked possible that a major bank might need an emergency government rescue even before the stress test results could be announced.

But since the trough, markets improved steadily with rising share prices and volumes, better liquidity and other signs of stabilization, and regulators gained comfort that capital markets would be willing to fill any holes the stress tests unearthed at banks.

Weekend News Digest

Weekend News Digest is an Open Thread

Now with World, U.S. News, and Politics.

From Yahoo News Top Stories

1 Pakistanis flee offensive as U.S. sees fresh resolve

By Junaid Khan and Paul Eckert, Reuters

1 hr 36 mins ago

KOTA, Pakistan/WASHINGTON (Reuters) – Pakistan has been roused to fight the “existential threat” of a growing Islamist insurgency, the top U.S. commander for the Afghan-Pakistan war theater said on Sunday, as Islamabad intensified an offensive against Taliban militants.

Army General David Petraeus, head of U.S. Central Command, said Pakistan’s fierce campaign against the Taliban in the Swat valley was a sign its political leaders, people and military were united against the Islamist fighters.

“The actions of the Pakistani Taliban … seem to have galvanized all of Pakistan,” he told the “Fox News Sunday” program.

Happy Mother’s Day

clip flowerI tease my mother by calling her Emily after Emily Gilmore both because overall my family reminds me very much of the Gilmores and because she’s never met a brand name she didn’t like whereas I’m perfectly content to buy generic.

I thank her among many things for a thorough grounding in the domestic and other arts.

Mom teaches first grade and is actually famous in a quiet sort of way.  The kind parents brag about and angle their kids for though she’s won national awards too.  Of course I owe everything I know about educating to her and among my own peers I’m considered an asskicking trainer.

She also insisted we learn to perform routine self maintenance, little things like laundry and ironing, machine and hand mending. basic cooking.  Of course she always indulged us with trips to museums and zoos, made sure we got library cards, did the usual bus driver thing to swim practice, had this huge second career as a Brownie/Girl Scout Leader for my sister.

At one point when I was old enough for it to make an impression she took her Masters of Fine Arts in Art of all things, so I know a little Art History with Far Eastern.  I understand how to bang out a copper pot and make silver rings because she took me to class once or twice.  She liked stained glass so much that she and dad made several pieces (you use a soldering iron and can cut yourself pretty bad so it’s a macho thing too).  They also did silk screening which taught me a lot about layout and graphic arts.

But she always liked fabric arts and in addition to a framed three dimensional piece in the living room, there are Afghans and rugs and scarves and pot holders and wash cloths and hats and quilts and dolls.

And the training kits and manuals for her mentorship programs, and the adaptations and costumes for the annual first and fifth grade play.  Did I mention she plays 3 instruments, though mostly piano?

She touch types too.

So to Emily, a woman of accomplishment and refinement, Happy Mother’s Day.

Weekend News Digest

Weekend News Digest is an Open Thread

From Yahoo News Top Stories

1 Gunships and planes strike Pakistan Taliban in Swat

By Junaid Khan, Reuters

32 mins ago

MINGORA, Pakistan (Reuters) – Pakistani helicopter gunships and warplanes hit Taliban positions in the militants’ Swat Valley stronghold Saturday, while a curfew prevented civilians from fleeing the fighting.

The struggle in the northwestern valley 130 km (80 miles) from Islamabad has become a test of Pakistan’s resolve to fight a growing insurgency that has alarmed the West.

The military said up to 55 militants were killed in the day’s clashes in Swat and four soldiers wounded, and that several militants had died in separate clashes close to the Afghan border. The figures could not be independently confirmed.

Wednesday Morning Science Supplement

From Yahoo News Science

1 U.S. House climate control negotiations intensify

By Richard Cowan, Reuters

Tue May 5, 12:03 am ET

WASHINGTON (Reuters) – Negotiations in the U.S. House of Representatives on how to cut industrial pollutants that cause global warming reach a critical stage this week as President Barack Obama huddles with key lawmakers on Tuesday and Republicans ready for a fight.

A House Energy and Commerce panel hopes to fill in details later this week on a bill that aims to cut emissions of carbon dioxide and other greenhouse gases 20 percent by 2020 and 83 percent by 2050 — using 2005 as a base year.

A White House official said the meeting between Obama and some Democratic members of the panel would review provisions being negotiated by lawmakers, as well as the timetable for moving the controversial legislation through the House.

Load more