Fight back, you hacks! Demand access. Demand accountability! It's our duty. If we cannot ask questions of a total newbie six weeks before an election in which she could become president of the country, then the First Amendment is pointless. Grow some! - Andrew Sullivan
Glenn Greenwald has also had choice things to say about Palin, too many to list.
Weapons of Mass distraction used to shield PRO-IP bill passage
Am I the only one that noticed that amid all the hoo-rah and weapons of mass distraction unleashed during the financial crisis that the Senate passed the PRO-IP bill?
It essentially creates a copyright czar reporting directly to the president. The RIAA loves this bill.
My guess is that the extension of copyright's lifetime to the life of the author + 70 years probably will cost the public far, far, far more than a mere 700 billion. That crime was committed years ago. While the DOJ pushed back, the new PRO-IP bill creates a federal copyright cop which will ultimately put more teeth in the current, wildly violated set of statutes.
What is more intrinsically corrupt than allowing people to engage in high-reward/no-risk capitalism -- where they reap tens of millions of dollars and more every year while their reckless gambles are paying off only to then have the Government shift their losses to the citizenry at large once their schemes collapse? We've retroactively created a win-only system where the wealthiest corporations and their shareholders are free to gamble for as long as they win and then force others who have no upside to pay for their losses. Watching Wall St. erupt with an orgy of celebration on Friday after it became clear the Government (i.e., you) would pay for their disaster was literally nauseating, as the very people who wreaked this havoc are now being rewarded.
Buying assets at anything other than fair market value is against every principle we should be enforcing. Transparency. Accuracy. Full disclosure. This is a non-starter. Who cares where the assets are carried on a firm's books? If Morgan Stanley (MS) has them at $.30, Merrill (MER) at $.32 and Goldman (GS) at $.50, this is not the point and should play no part in the analysis. There should be a reverse auction to determine price, with the Treasury buying the cheapest and moving up the line.
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. "