Tuesday, February 17, 2009

Just Because You're Paranoid...

How did we get here? Here is a film intro that presents random facts collected and undeconstructed into a uncomfortable coherent reality. I think it is best not to use judgement, but do some Quaker Listening to figure out if there is truth in the reality Adam Curtis threads. It is a 6.4 on the Richter Scale.

The Observer reports:
Curtis has a remarkable feel for the serendipity of such moments, and an obsessive skill in locating them. 'That kind of footage shows just how dull I can be,' he admits, a little glumly. 'The BBC has an archive of all these tapes where they have just dumped all the news items they have ever shown. One tape for every three months. So what you get is this odd collage, an accidental treasure trove. You sit in a darkened room, watch all these little news moments, and look for connections.'


If you don't regularly watch videos on blogs, this is the one to watch. If you find it intriguing, go to this website.

Video 1
Video 2
Video 3

As You Do Unto The Least of These...



This is news that you can't make up, nor should never think of having to make up -- for any reason. Two judges in Scranton, Luzerne County, PA have been sentencing children to private detention centers (kid prisons) in exchange for kickbacks. Often this was done over the objections of the probation officers (and the probation officers were ordered by the judges to change their recommendations in several cases). The kickbacks amounted to more than $2.6 million!

On Democracy Now this morning, Amy Goodman interviewed two kids who had been unfairly sentenced. One had slapped her friend back and wrote about it and the assistant principal on Facebook. She spent 11 months in jail for her crime. Another person, a young man, got 90 days (but spent 4.5 months) in the system because his female friend stole CDs from WalMart and he was with her. He went to one probation hearing and he never got his court notice. (His girl friend also went to a hearing but did not get a notice, and nothing happened to her.) But the Judges got money for how many kids they could divert to this private contractor (PA Child Care and a sister company, Western PA Child Care LLC).

So here is a local governmental system that has no credibility (and will soon be bankrupt). Here is a corporation that should be banished from the earth. The damn socialist tax payers are going to have to pay and pay big dollars in a shrinking-to-collapsing economy for these crimes. Where is the outrage? I am sure it is there. The clergy scandals fall on the socialized backs of the laity. The corporate scandals fall on the socialized backs of the workers without upside (in the form of layoffs and bailouts). If we want to punish the wrong doers, we have to ensure that leveraged crime pays leveraged time.

From Law.Com:

In a proceeding devoid of drama, two Luzerne County, Pa., judges told a federal court judge Thursday they were guilty of accepting more than $2.6 million in kickbacks from the owner and builder of two juvenile detention centers.

Former President Judge Mark A. Ciavarella Jr. and retired Judge Michael T. Conahan sat quietly for about 75 minutes, speaking only when U.S. District Judge Edwin Kosik spoke to them. They answered in short sentences and alternated between folding their hands and resting their chins on their hands.

They pleaded guilty to both counts -- honest services wire fraud and conspiracy to defraud the United States -- in the criminal information filed against them.

Assistant U.S. Attorney Gordon Zubrod described the hearing as clearing "a major hurdle." He said Kosik will decide whether to accept the plea agreement, which requires Ciavarella and Conahan to spend 87 months in federal prison, during a sentencing hearing.


Go to the link for more info.

Which Unforeseen Economic Collapse Are They Talking About?



It can't be the one we are going through, because we know about that one.

From Chris Hedges at TruthDig.com:
"The specter of social unrest was raised at the U.S. Army War College in November in a monograph titled “Known Unknowns: Unconventional ‘Strategic Shocks’ in Defense Strategy Development.” The military must be prepared, the document warned, for a “violent, strategic dislocation inside the United States,” which could be provoked by “unforeseen economic collapse,” “purposeful domestic resistance,” “pervasive public health emergencies” or “loss of functioning political and legal order.” The “widespread civil violence,” the document said, “would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.”


Sound cheery? How about this "revelation":

And we have few tools left to dig our way out. The manufacturing sector in the United States has been destroyed by globalization. Consumers, thanks to credit card companies and easy lines of credit, are $14 trillion in debt. The government has pledged trillions toward the crisis, most of it borrowed or printed in the form of new money. It is borrowing trillions more to fund our wars in Afghanistan and Iraq. And no one states the obvious: We will never be able to pay these loans back. We are supposed to somehow spend our way out of the crisis and maintain our imperial project on credit. Let our kids worry about it. There is no coherent and realistic plan, one built around our severe limitations, to stanch the bleeding or ameliorate the mounting deprivations we will suffer as citizens. Contrast this with the national security state’s strategies to crush potential civil unrest and you get a glimpse of the future. It doesn’t look good.


I see only one answer. We need to pull together as Americans and the world and bridge cultural gaps. We have to do it with the only force that can defeat evil, and that is love. The love that the people of Whoville felt after the Grinch stole everything. This is the story of the Peacemaker.

My friend at Adored By Hordes believes Facebook is the mechanism for the Body of Christ to function. I think Facebook has the potential to be the virtual Tree of Peace.

UPDATE: Facebook justice.

Monday, February 16, 2009

Message From My Guru



1000 days till the dawning of the Age of Aquarius 11-11-11. Join us in committing to an eleven minute meditation for the next 1000 days. Doesn't matter if you have ever done a forty or ninety or one hundred and twenty day meditation this is your chance to jump off the cliff and be part of something truly big. There are about 10,000 people taking this challenge and this is the meditation we are all doing.

Sat Siri
Siri Akal
Siri Akal
Maha Akal
Maha Akal
Sat Nam
Akal Moorat
Wahe Guru

What is it good for? Greatness. To become deathless, beyond time and space truthful and ecstatic. You can choose another meditation if this does not call you but take the dare, take the prayer, take the connection, take the time and say yes.

On Valentines Day: Say yes from the heart. Say yes to love. Say yes to the selflessness within yourself. Bless and love all each day.

You have not heard from me: Why? Oh been a little sick okay maybe one of the sickest I have ever been but you have been in my heart and

View From The Front




This is WW4, which according neocons Norman Podhoretz and Elliott Cohen and so on started on 9/11/01. But this is class warfare where the weapons are dollars, which are synthetic goods and services. It is time to wake up and start thinking differently.

Here is one guy who is doing that. What is your solution? Because only you are going to be responsible for your own and your family's salvation. Bank of America does not have your best interest at heart.

Sunday, February 15, 2009

Capitalism vs. Democracy

This is our Armageddon...



Here is the call to hope:

Saturday, February 14, 2009

Friday, February 13, 2009

Oscar Predictions Using the 4th Eye



What would you bet your money on?

I just reviewed the list of all nominees>. Imagine my surprise when I realized that I had seen all of the films in only one category: Animation. But what a group, they all were great films.

$8.8 Trillion and Counting


According to the NYTimes, the U.S. Government has pledged $4.6 trillion in investments in failing banks, $2.4 trillion as a lender, and $1.8 trillion as an insurer to bail out the financial system. Given the size of the U.S. economy is $14.3 trillion, we are not quite Iceland (see photo), but this looks bad.

I sure hope someone figures it out soon before all the food is gone off the shelves.

Pakistan: USA's Frenemy





Here is what we know: To everyones' surprise, we have drones based inside Pakistan. You know, the country that is protesting too loud that we are using drones to bomb inside Pakistan. Yes that Pakistan.

They say the biggest problem in Viet Nam was knowing who were the enemy. It seems everyone looks the same through the sight of a rifle. I wonder how they look through a remote controlled video screen. I bet they look like inflation.

Foreclosure Eviction



This photo of an eviction process is so big in England that it won some award. I posted it in the case you want to know what eviction looks like. Another good source for eviction education is the movie Roger & Me. They have actual video of evictions - but they are of renters getting evicted, not homeowners. So there is some difference. Plus, the Moore video is from the reign of King George HW the First, which was a kinder, gentler failure.

Don't worry, this guy is just checking to make sure that everyone checked out on time.

Thursday, February 12, 2009

The Human Agenda



"Once you overcome all limitation, what is the human agenda?"

Terrence McKenna






Dani*, this one is for you.

Holy McGurk!!!



There is some truth to evolution after all. Either that or God wants us to walk, whistle, and chew gum at the same time.

Watch the video, and then say Holy McGurk!

Whose Minding The Mint?



When Citibank's CEO states they get 100% of the profits "if the assets are not toxic", aleeeeeeeeeeme einf eeia qqqqke faaartkle... yeah, I don't know what to say. And now we learn that the bailout is actually an insurance policy. I thought Don Rumsfeld was good. Now I know why these guys get the BIG BUCKS!

Watch it (if you dare):

Don't Kill The Flowers



A week ago, adoredbyhordes posted valentine message about the chemicals and carbon footprint associated with most flowers that are injected, probed, and otherwise violated before being sent northward on a 747 across the equator. These dozen gifts of romance and lust and appreciation may get you laid, but they are degrading uncessarily the Gaian life force capable of supporting any offspring that may result.

So the message is avoid dead, chemical laced, globally-outsourced plants. BTW,the video was produced for www.givingplants.com. My partner just bought live flowers for her grandmother from Giving Plants and they arrived all pretty. Grandmother and earthmother are very happy!

Is Barack Obama John Henry?



The following is my response to a post by MarcLord at Adored By Hordes. Marc raises the honest question of hope through the lens of the Camusian Imperative. His "rational" question was: Are things so bad we should contemplate preemptive suicide? His question was a macabre, tongue-in-cheek sanity check, complete with ivory-tower black gallows humor (I say that because I don't think Marc was really going to act based upon his heartfelt underlying fear). And for this, I applaud his honesty.

This is what a system looks like when it is dying. We are caught between two forces: one being the internet and the other being biologic structure. They are fighting on a metaphysical level. The internet can't afford capitalism's antiquated notions of business and individual failures – those processes are too slow for the junk the system has been snorting. It requires national health care (and not just AMA medicine), efficient but accurate justice, and a desire to get it right – or something that looks like divine socialism.

The internet cannot survive as a redundant replicant. It cannot function without novelty. It has to grow, replicate, and do all those things biology does. But without novelty, just as in linear algebra, the matrix collapses is there is not true independence between the vectors. Novelty is a truth of survival in any system, ranging from our daily lives to abstract mathematics.

On the biotic front, we are no longer purely animals. We have evolved. But now we are fundamentally questioning whether we have been relegated to serving machine-language gods, individual Bobby Fishers battling Big Blue (or John Henry). This relegation is somewhat analogous to our historical experiences with slavery, indentured service, and the student loan program – all of which restrict and dominate creativity (which is how novelty comes into being). So our capitalist system that begins with homogeneous religious experience, tv, conformance education, student loan indenture, and ends with 401K/HMO/paycheck protection and the hope of a better eternal life for our reincarnated DNA.

And this is what is breaking down. It has been leveraged, nipped and tucked, carroted and sticked, broken and beaten, excommunicated and reborn to a point we don't really understand, on an individual level, much of anything except the kabuki rules of how to carve out some shelter in this harsh virtual world.

We are fast approaching the pinnacle of our humanity (well at least the current version). We, in the west anyway, have everything that has ever been promised by society, Milton Friedman, and Ronald Reagan. And it is not working.

We have a choice. Are we going to move into a Gaian reality of balance and sustainability (with or without technology) or are we going to hire Halliburton/Bank of America/Carlyle Group to develop our strategy for the next eon?

My biggest concern is that the latter does nothing to preserve novelty. In other words, dharma comes to a stop.



Wednesday, February 11, 2009

Banks Fail All The Time



Nobel Prize Winner Joeseph Stiglitz argues for letting the banks go through an organized bankruptcy. He raises some interesting issues such as a big issue in valuation of minority interests is who has control. The Government has pumped billions into the banks and we have zero control. He argues for a plan similar to that used by Sweden when they took control (nationalized) thier banks during a crises.

The whole issue of bank failure comes down to our views on what is right and wrong. Most people don't realize that they only hear about our bifurcated legal system. first we have courts of justice. These get played out in cop and court dramas on tv sets around the world -- L.A. Law, Law & Order, Homicide, the Wire, and so on.

Never do we see a show about the legal system that runs on reverse polish notation (RPN) like the backwards HP calculators. I am talking about the courts of equity that are nearly as old as justice courts. Traditionally, they were run by the church. With due separtation, these courts are now run by the government. Equity of the debtor and creditors is ostensibly the goal. The biggest justification for this is that Kings of Europe learned that the peasants would get restless when they or thier friends were forced out on the streets with their families. So forgiveness, not justice, reigned and became codified.

Of course, many hold to the burn-in-hell notion of payback and in practice leave forgiveness out of the temporal realm.

On Potential



"Every human being is a Leonardo da Vinci. The only problem is that he doesn't know it. His parents didn't know it, and they didn't treat him like a Leonardo. Therefore he didn't become like a Leonardo. That's my basic theory."

Viktor Frenkl - Man's Search For Meaning

Viktor Frenkl was a prisoner at Aschwitz during WWII. He wanted to memorialize why some people survived intact, and others let go and went into the light of darkness. We need to keep our minds open and aware during the current challenges.

"And all my women were always talking about their potential. I always informed them that potential didn't cut shit - you had to do it! None of them ever did."

Charles Bukowski (quoted by Tom Russell on Hotwalker)

Collateral Damage



"There will be a retention award. Please do not call it a bonus," said James Gorman, co-president of Morgan Stanley. "It is not a bonus. It is an award. And it recognizes the importance of keeping our team in place as we go through this integration."

It is not torture because we do not torture. These are enhanced interrogation techniques.

BTW: gotta love the fact that they have audio here.

Tuesday, February 10, 2009

A Marxist View From the Bottom


Capitalism Hits the Fan: A Marxian View from UVC-TV 19 on Vimeo.

Tired of the talking heads on TV, try this guy. Rick Wolf is an economics professor at UMass Amherst, where he analyzes economic events through a Marxist perspective. You don't have to change you mind, but you should open it. It doesn't hurt.

Here is a preview:
Most US economists are professors in colleges and universities. Their academic positions enable research and teaching that is supposed to be independent of corporate interests. They could, at least hypothetically, provide the critical insights into economic problems needed for their solution. Economists might help to propose, evaluate, and debate the wide range of possible solutions -- from those that minimally change the status quo to those that entail fundamental social change. However, history shows that most professional economists have been subservient to corporate interests rather than constructive critics. They celebrated capitalism, ignored or dismissed alternative economic systems, and only argued over how best to manage the huge social costs of capitalism's recurring instability. The economists' shameful corporate subservience has been the nation's loss.

The US professional economic establishment -- its members call themselves "mainstream" -- never leads. It always follows. Before the Great Depression, mainstream economists dutifully embraced what they called "neoclassical economics." This economic "science" showed, they said, that what profited business benefited the whole society. In this mainstream perspective, private enterprise and markets worked best for everyone when left free of government regulation or interference. Big business led and publicly promoted this celebration of capitalism. Colleges and universities sought financial contributions from businesses, their owners, and their leaders. They needed enrollments from these people's children (few others could afford the costs of higher education). Academic administrations neither wanted nor supported professors who criticized private business interests or otherwise displeased them (for example, by challenging mainstream economic science).


BTW, this is not an endorsement of his theories, but they are like sex - it only hurts if you do it wrong or are trying.

What Would [fill in the blank] Do?


My marriage partner directed me to this quote from John Lurie's myspace page:
"I keep asking myself - what would gandhi do, or abraham lincoln or martin luther king, then I realize - those guys all got shot."


By their fruits ye shall know them.



















Monday, February 09, 2009

Carrots & Sticks



Do you ever feel like you have been carroted and sticked to death? Every rule, every regulation, every thou shalt, every piece of advice is either a carrot or a stick to manipulate you, to short circuit your learning curve, to disrupt the natural learning process -- not out of spite, but out of fear of collective failure. My parents didn't want me or our family to fail, according to their definition of failure. And they short-cut the necessary circuits to ensure their desired result. And they backed it with love. And that felt good. Or at least safe.

But we all know the few things we truly believe are the things we learned first hand, first person. And the other stuff, we learned it but we don't know it - not in the flesh. Not biblically. So we take someone else's word as our own truth. And extrapolate.

These carrots are also sticks. The guarantees from cheap school are followed by the sticks of indenturement, loans, and apprentice service of masters. There is no dimension for first hand discovery - we are busy striving to recast our self in the master's image. The carrot is the stick we beat ourselves with, hoping for salvation or freedom. We have been taught to be so afraid of society and the norms (or we have learned by watching what happens to those who fail) that we carrot and stick ourselves away from the abyss of first hand learning and do everything as it has been done before.

The Akamba have a saying that if you walk in the same footsteps twice you are dead -- (yet that is the basis for our education system and economy and socioreligious identity). From this, I say if you use a carrot or a stick to shape your own behavior over and over again, you are walking in your same footsteps. The Lakota would focus by saying today is a good day to die.

I was intrigued reading my daughter's American Girl book about the character Kaya. Kaya was feeling down, or jealous, or off balance. And she was asked not to go pick camus bulbs until she let whatever pass. And it wasn't a time out. It wasn't for an afternoon. Kaya almost missed the entire harvest. She would have been fed regardless, and no one blamed her for not pulling her weight. They just didn't use carrots and sticks. Kaya had the duty to self to self answer the Camusian imperative. And no she wasn't asked to contemplate suicide. She was asked to wait until she was ready - which in a sustenance living circumstance can be Camusian.

Don Miguel Ruiz in the four agreements talks about how we as children were raised like dogs. Good dog, bad dog. Carrots, sticks. Then he asks why would raise our children like that. Fair question. I know I have spent most of my life trying to undo all the carrots and sticks my family, my church, my community, my education, my self has rewarded and punished me into an acceptable form. My stick, my god. My carrot, my god.

Jon Young says that as you go on life's adventure, one rule of thumb in seeking guidance is always do what is best for the children.

Grumpy Old Party



The Republicans have found their post election voice, or so says an article in today's WaPo.

"We're so far ahead of where we thought we'd be at this time," said Rep. Paul D. Ryan (R-Wis.), one of several younger congressmen seeking to lead the party's renewal. "It's not a sign that we're back to where we need to be, but it's a sign that we're beginning to find our voice. We're standing on our core principles, and the core principle that suffered the most in recent years was fiscal conservatism and economic liberty. That was the tallest pole in our tent, and we took an ax to it, but now we're building it back."

The second-ranking House Republican, Rep. Eric Cantor (Va.), put it more bluntly. "What transpired . . . and will give us a shot in the arm going forward is that we are standing up on principle and just saying no," he said.

The fact that the stimulus legislation keeps moving forward nonetheless has done nothing to dim Republicans' satisfaction. Rather, they sense a tactical victory, particularly in the framing of their opposition to the plan as a clash with congressional Democrats instead of with President Obama, who remains far more popular with voters than does Congress.


Because standing on a motto or creed always wins in a crisis?

Elsewhere, Republicans have asked Rush for guidance. What is interesting is how they say Obama has selected Rush to be the party spokesman. If true, Obama is one smart cookie to paint Rush as the face of the conservative movement. In some ways, Limbaugh is a bigger target than Bush!

Jericho, USA -- How Big It Is


There has been a lot of horn blowing lately as to what is going on the real estate market, overshadowed only by the fact that the global economy is crumbling faster the boy can plug the leaks with his finger.

So as part of my efforts to separate the gloom from the doom, here is an update. According to Zillow, as reported by Source of Title:

U.S. homeowners lost a cumulative $3.3 trillion in home values during 2008


Other interesting notes include
Across the country, 10.9 percent of all real estate transactions in 2008 were short sales.

Short sales are when a homeowner, in agreement with the bank, sells a home for less than what is owed on the mortgage -- with the bank betting on the seller eventually winning the lottery so the loan can be paid back in full.

On the bright side, the $3.3 trillion loss attributed to the average American homeowner represents a paper loss to those who have not sold their homes. So even though you have lost it, you haven't had to feel it. Yet.


UPDATE:
The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.

The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month.

“We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?”

The pledges, amounting to almost two-thirds of the value of everything produced in the U.S. last year, are intended to rescue the financial system after the credit markets seized up about 18 months ago.


Here is yet more:
http://biz.yahoo.com/ap/090209/bailout_plan.html?.v=10

Cut His Balls Off!!!



If done properly, it doesn't hurt.
-- Mr. Mortimer, my high school FFA advisor.


Is waterboarding torture? Tough question, huh? How about getting your genitals mutilated with a scalpel? Some people actually believe that is torture. Go figure.

According to the Telegraph:
Two High Court judges last week said they wanted to release the full contents of a CIA file on his treatment but they held back seven paragraphs of information after David Miliband, the Foreign Secretary, argued that it could compromise intelligence sharing with the US.

A British official, who is regularly briefed on intelligence operations, said: "The concern was that the document revealed that intelligence from the British agencies was used by the Americans and that there were British questions asked while Binyam Mohamed was being tortured.

"Miliband is being pushed hard by the intelligence agencies to protect the identity of those involved."

The 25 lines edited out of the court papers contained details of how Mr Mohamed's genitals were sliced with a scalpel and other torture methods so extreme that waterboarding, the controversial technique of simulated drowning, "is very far down the list of things they did," the official said.

Another source familiar with the case said: "British intelligence officers knew about the torture and didn't do anything about it. They supplied information to the Americans and the Moroccans. They supplied questions, they supplied photographs. There is evidence of all of that."

In a more civil time, such military castrations were ceremoniously performed on vanquished Kings as a form of humiliation. As Jesus said, "By their fruits ye shall know them." Either you are with us or against us.

Micro USA Credit



This following is the complete article from the International Hearald Tribune. I have long been a fan of the Grameen Bank, and now it is coiming to the USA. I wonder if Bank of America can handle the competition? That was not a rhetorical question.

Muhammad Yunus of Bangladesh, a Nobel Peace Prize winner for pioneering a micro-lending model for the world's poorest to engage in business, said Thursday his formula can also help recession-racked American families escape poverty.

"This is the right time to come here," Yunus declared as he sought $2 million in seed money to establish North Carolina as another U.S. foothold for his micro-finance institution outside New York.

The year-old U.S. offshoot of the Grameen Bank that the former economics professor founded in Bangladesh three decades ago also is looking to expand into New Jersey, Nebraska, Louisiana and other U.S. states as economic turmoil closes employment doors on more people.

"It was not in our agenda to be in a crisis, but the crisis is here," Yunus said Thursday with several members of North Carolina's banking establishment flanking him. The micro-lending model means "you create your own jobs instead of waiting for other people to hire you."

North Carolina lenders see Grameen America as an economic development organization reaching out to open the way for people with entrepreneurial skills or a business idea but who are too poor even to set up a bank account.

Today in Business with Reuters

Nissan to cut 20,000 jobs amid stormy forecasts

Barclays defends executive bonuses

In Europe, moves to limit bonuses gather steam
Grameen has seen sustained interest in a North Carolina expansion from banking leaders in the home of Bank of America Corp. and Wachovia Corp., recently acquired by San Francisco-based Wells Fargo & Co. State banking commissioner Joseph Smith has been working since at least April to lure the lending institution that won the Nobel together with Yunus in 2006.

The Grameen Bank model developed by Yunus involves lending very small amounts, mostly to women, as seed money for home businesses. A Grameen staffer meets the borrowers in groups every week, tracks progress and offers advice on managing money and startup obstacles.

The formula also relies on peer pressure instead of collateral to secure the loans. Potential borrowers must form five-member groups that approach Grameen jointly for loans. While each borrower is individually responsible for a loan of up to $2,200, group members cannot borrow again unless all are paid up.

"It's not about redividing the pie, it's about making the pie bigger," said Jim Blain, president of the State Employees' Credit Union, North Carolina's largest. Between the unemployed and the poor, "there are a lot of people sitting on the sidelines right now."

North Carolina's unemployment rate hit 8.7 percent in December — 1.5 percentage points higher than the U.S. jobless rate of 7.2 percent.

Yunus met at The Carolina Inn on the University of North Carolina campus with Blain, Smith, and representatives of the North Carolina Bankers Association and Durham-based Self-Help, a similar community development organization. All said helping Grameen start up could help stimulate the smallest of small businesses.

"I am committed to getting them set up and operating," Smith said. "I want to get them licensed as a small loan company very soon. ... It's going to happen."

Grameen opened its first U.S. affiliate in New York City 13 months ago and loaned more than $1.2 million to 440 women, all lacking assets or credit rating.

About 70 percent of the borrowers are Hispanic, and their loans launched everything from hairstyling to catering and tailoring services and more, said Stephen Vogel, chief executive officer of Grameen America Inc.

Because of strict U.S. banking laws, the New York office doesn't hold the savings deposits borrowers are required to make along with loan repayments. Instead, the money is held by Citibank, which created special, no-cost checking and ATM accounts for Grameen borrowers, Vogel added.

Grameen's model has traditionally targeted women because experience has found them to be more responsible than men and more comfortable with group responsibility. But lending is open to all in the U.S. where anti-discrimination laws are strict.

Yunus has not succeeded everywhere. He was invited to rural Arkansas by then-Gov. Bill Clinton in the mid-1980s. But the effort failed when the Arkansans proved unable to overcome individual preferences to go it alone on lending.

Still, the need and the times make Grameen a worthy experiment, said Blaine. His credit union, which does not lend to businesses, is prepared to provide the costly accounting and administrative tasks and ATM network.

"You've got a proven model that is unfamiliar to the United States. There is very low risk," he said. "It may not work, but what does it cost to try? Not much."

Sunday, February 08, 2009

These Economists Got Game


How bad is it? Well, Paul Krugman isn't the only nobel prozac winner getting off a plush university chair and putting his knowledge where his mouth is.

After 3.5 million job losses due to Bush's falsely stimulated subprime economy, and the subprime republicans cutting $98 million from the $megahundredbillion stimulus directed at feeding poor children at schools (it was the fiscally responsible thing to do), now the dismal scientists are looking at their retirement plans and resurrecting their dismal projections.

These guys are seeing all their trickle-down knowledge evaporate. They need new data. The old data is stagnant. They need new margins to extrapolate and leverage. The need Obama and the nation to succeed. Rush needs it to fail, and they know they will only have guns and butter if Rush is right. Maybe the economists will call for an apology for slavery and imperialism ... and false intelligence...if it stops or slows the ringing of revolution.

The economists changing ships, according to the Washington Post, include:

Allen Sinai, chief global economist for Decision Economics

Alice Rivlin, who was former president Bill Clinton's budget director

Alan Viard, a Bush administration economist now at the American Enterprise Institute

Robert Reischauer, president of the Urban Institute and former director of the Congressional Budget Office

N. Gregory Mankiw, a Harvard University economics professor who was chairman of former president George W. Bush's Council of Economic Advisers

Joseph Stiglitz, a Nobel Prize-winning economist at Columbia University and former chief economist at the World Bank

Janet Yellen, San Francisco Federal Reserve Chair(wo)man

Saturday, February 07, 2009

Habeus Corpus For Squatters



Habeas Corpus, literally in Latin "you have the body" is a term that represents an important right granted to individuals in America. Basically, a writ of habeas corpus is a judicial mandate requiring that a prisoner be brought before the court to determine whether the government has the right to continue detaining them. The individual being held or their representative can petition the court for such a writ.

Lately there is some hubub about whether lenders need to produce the original documents in order to foreclose. The basic idea is that a payee has to provide the bank with the original cheque daft in order to be credited funds. It seems that since mortgages can be bought and sold, they are considered currency or at least a negotiable instrument (according to the Uniform Commercial Code, and that triggers certain other laws that the banks thought they were above.

Congresswoman Marcy Kaptur of Ohio recommends forcing lenders to do the same if they want to take possession of you home. Show the original contract. If not, she recommends
squatting and keeping your house if they try to foreclose.

“So I say to the American people, you be squatters in your own homes. Don’t you leave.”

She criticizes the bailout’s failure to protect homeowners facing foreclosure. Her advice to “squat” cleverly exploits a legal technicality within the subprime mortgage crisis. These mortgages were made, then bundled into securities and sold and resold repeatedly, by the very Wall Street banks that are now benefiting from TARP (the Troubled Asset Relief Program). The banks foreclosing on families very often can’t locate the actual loan note that binds the homeowner to the bad loan. “Produce the note,” Kaptur recommends those facing foreclosure demands of the banks.

“[P]ossession is nine-tenths of the law,” Rep. Kaptur told me. “Therefore, stay in your property. Get proper legal representation ... [if] Wall Street cannot produce the deed nor the mortgage audit trail ... you should stay in your home. It is your castle. It’s more than a piece of property. ... Most people don’t even think about getting representation, because they get a piece of paper from the bank, and they go, ‘Oh, it’s the bank,’ and they become fearful, rather than saying: ‘This is contract law. The mortgage is a contract. I am one party. There is another party. What are my legal rights under the law as a property owner?’

“If you look at the bad paper, if you look at where there’s trouble, 95 to 98 percent of the paper really has moved to five institutions: JPMorgan Chase, Bank of America, Wachovia, Citigroup and HSBC. They have this country held by the neck.”


So who holds those negotiable instruments anyway? And if you pay your mortgage to BofA, WAMU, or whoever, can the person who gets their hands on the physical mortgage documents make claim to your property REGARDLESS IF YOU HAVE BEEN PAYING YOUR MORTGAGE?

I do love the smell of napalm in the morning.

Friday, February 06, 2009

Happy World Nude Day!


What did you do to celebrate World Nude Day? Had you spent it with a video camera, you could have won $10,000 in Gold! According to the website,

World Nude Day is about setting yourself free. It's about nude, not lewd. It's about having fun ... with your clothes off.

Here's what to do:

Get nude.
Get a mate to film you.
Do something funny.
Upload it here for all to see.
Top 10 global entries chosen by official judges.
Winner decided by judges combined with public vote!



I have long believed that if one day we could get everyone in the world to go outside, completely naked, and feel the warm sunshine God made for us, we could postpone Armageddon. Yes, I know it is a completely meaningless gesture, but Kierkegaard made the same argument in favor of Christianity -- its truth was in its absurdity. (How is that for a zen cohen?)

But if we would all go outside naked, it would show that we as humans could act collectively on one deliberate act. Yes, I know, without authoritarianism or totalitarianism, there is no way to get everyone in the world to comply. Even if everyone else could agree, there will be one Aunt Tilly out there that will say: "No one has ever seen me naked since I was a baby, and they aren't going to now. And I don't care if the world ends in a fiery ball, I am not taking off my clothes!"

That does seem a bit selfish, I mean watching the whole world burn in the twinkling of an eye, just because someone was afraid of being seen naked - or afraid of being forced to do something they don't believe in.

Is this the point where we humans have come? Individually or collectively unwilling to even to do a simple natural act in order to save mankind?

Maybe it doesn't have to be nudism, but we need to find some gesture that we can all agree on as a commitment to peace and saving the world from ourselves.

And if you don't think this viral effort is pervasive, watch the following video. This is playing in the farm teams of the World Media League:

There is a God



Exclusive Interview: Conservative Evangelical Leader Tony Perkins Sours on the GOP
February 06, 2009 12:04 PM ET | Dan Gilgoff |


Now we need the religious leaders to link abortion to protecting the planet.

Oh Oh: Obama Broke Another Rule


President Barack Obama has broke another rule. This time he is getting economic advice from the outside. And his team is not just packed with Wall Street pay-as-you-go economists. His team includes someone from labor? Quelle dommage!

Obama had already tapped Paul Volcker, a former Federal Reserve chairman and a top Obama adviser, as the leader of the newly created Economic Recovery Advisory Board. Other members of Obama's panel include former Securities and Exchange Commission Chairman William Donaldson, TIAA-CREF President-CEO Roger Ferguson and Harvard University professor Martin Feldstein, who wrote a Wall Street Journal op-ed piece last year titled "John McCain Has a Tax Plan To Create Jobs."

Obama friend and campaign finance chairwoman Penny Pritzker also is on the board, as is Caterpillar Inc. Chairman-CEO Jim Owens and General Electric Co. CEO Jeffrey R. Immelt. Two labor officials _ Anna Burger of Change to Win and Richard Trumka of the AFL-CIO _ also were named to the 15-member board designed to offer Obama advice as he seeks a way to rebuild the economy.

The new council is intended to be an economic sounding board for Obama _ an outside-the-Beltway group that will report to the president directly. It will meet regularly with Obama, perhaps once a month. Its mission will include responding to requests from Obama _ such as delving into a particular subject _ without competing with the National Economic Council or day-to-day, decision-making at the White House.

So Obama has a past Fed Chair, a big name academic economist, the CEO of an investment fund that is actually trusted, 2 industrialist CEOs, 2 labor officials, and a philanthropist who has a medical school named after the family. What exactly is his hidden agenda?!

Here is the complete team:
1. William H. Donaldson, former Chairman, SEC
2. Roger W. Ferguson, Jr., President & CEO, TIAA-CREF
3. Robert Wolf, Chairman & CEO, UBS Group Americas
4. David F. Swensen, CIO, Yale University
5. Mark T. Gallogly, Founder & Managing Partner, Centerbridge Partners L.P.
6. Penny Pritzker, Chairman & Founder, Pritzker Realty Group
7. John Doerr, Partner, Kleiner, Perkins, Caufield & Byers
8. Jim Owens, Chairman and CEO, Caterpillar Inc.
9. Monica C. Lozano, Publisher & Chief Executive Officer, La Opinion
10. Charles E. Phillips, Jr., President, Oracle Corporation
11. Anna Burger, Secretary-Treasurer, SEIU
12. Richard L. Trumka, Secretary-Treasurer, AFL-CIO
13. Laura D'Andrea Tyson, Dean, Haas School of Business at the University of California at Berkeley
14. Martin Feldstein, George F. Baker Professor of Economics, Harvard University
15. Jeffrey R. Immelt, CEO, GE

What is the Role of Propaganda in a Democracy?



From the AP as reported by emptywheel

DOD Spends More on Domestic PsyOps Than On Foreign PsyOps
The biggest chunk of funds — about $1.6 billion — goes into recruitment and advertising. Another $547 million goes into public affairs, which reaches American audiences. And about $489 million more goes into what is known as psychological operations, which targets foreign audiences.

[snip]

Recruitment and advertising are the only two areas where Congress has authorized the military to influence the American public. Far more controversial is public affairs, because of the prohibition on propaganda to the American public.

"It's not up to the Pentagon to sell policy to the American people," says Rep. Paul Hodes, D-N.H., who sponsored legislation in Congress last year reinforcing the ban.

Spending on public affairs has more than doubled since 2003. Robert Hastings, acting secretary of defense, says the growth reflects changes in the information market, along with the fact that the U.S. is now fighting two wars.

"The role of public affairs is to provide you the information so that you can make an informed decision yourself," Hastings says. "There is no place for spin at the Department of Defense."

But on Dec. 12, the Pentagon's inspector general released an audit finding that the public affairs office may have crossed the line into propaganda. The audit found the Department of Defense "may appear to merge inappropriately" its public affairs with operations that try to influence audiences abroad. It also found that while only 89 positions were authorized for public affairs, 126 government employees and 31 contractors worked there.


Update: The CEO of the Associated Press is claiming the DOD made them do it.

Your Money at Play

Why is this woman doing her job? She is the Chair of the TARP Congressional Oversight Panel. It is clear she did her job, or tried to. Why is she so level-headed in revealing that Henry Paulson, during her panel's investigation, lied about giving $80 billion to the banks and AIG? Because she is a professional? She read her job description?

Where is the Bush White House when conspirators need help most?

And what is wrong with the Obama Administration? Yes, they found something shady going on as required of them by the statute creating the oversight panel, but why can't they sit on it for months or years like a good well-behaved government?

Can anyone say judgement day?


Watch CBS Videos Online

Thursday, February 05, 2009

And Now For Something Completely Different



I think we are experiencing our entry into the Velvet Revolution. The east block had their system melt down. And now its our turn.

How did we get here? As a planet, we just had octuplets. Yes it was irresponsible. But now that they are here, which ones should we kill? That is the one question that cannot be fairly answered. Yet it is happening before our very eyes, subject to long distance projections at the speed of light. So who lives and who dies til we get back to a manageable population, that is the question. If we can get back at all.

Living in an ocuplet world, salvation seems hopeless unless we think collectively in a way we have never allowed ourselves to think. What we do know is what went before us has failed or is in the process of failing. (If you doubt that, what would happen right now in the world if something globally tragic happened.) And since that wouldn't be fair, we need to do something else today.

We are our starting point. We are all in this together and alone. There can't be agendas -- only what is effective in making life meaningful. The pre-dogmatic basics.

But if we are going to get back at all, we are going to make sure no one has more power or influence than $500,000. In other words, we are going to have to rely on those non-market tools called love and empathy. For it to be fair, everyone has to count. Then we can nurse our way back from the brink of eco-armaggedon.

This is the challenge of a Velvet Revolution. Future generations are counting on us to get it right. Even your children are counting on you now. Its that close. What would Jesus do?

Calling The Missing Economists



Why is this guy the only Nobel Prize Winner talking? Are there no other Noblest ideas out there?????????

Free Rod Blagojevich!!!



From Crooks & Liars:
Didn't Judd Gregg play a similar game that got Blago impeached over? He wanted something in return for him to give up his Senate seat to join Obama's cabinet.

New Hampshire Gov. John Lynch, a Democrat, has agreed — in a deal struck with Gregg — to name a Republican to fill the Senate seat.

Democratic officials say Lynch intends to select Bonnie Newman, Gregg's former chief of staff, and that she intends to step down rather than run in 2010 for a full term. That would create the possibility of a highly competitive race for a seat that long has been in Republican hands.

On Tuesday, White House spokesman Robert Gibbs said Lynch called the White House to "voice his support" for Gregg after reports surfaced that the senator was under consideration. But Gibbs also denied that the White House had anything to do with the selection of Obama's successor. "This White House is not involved with picking who will be the next senator" or the political party of any successor, Gibbs said.

I saw Rachel Maddow mention that he voted to abolish the position altogether back in '95. John Lynch could have picked anyone at all to replace him. It's his prerogative, but Gregg demanded that the Democratic governor choose a Republican to fill his seat. Wouldn't that be good enough for a Patrick Fitzgerald type to get involved? I'm just sayin'. Gregg should have taken the job without any preconditions if he wanted it.

Russ Feingold weighs in:

“But the apparent behind-the-scenes deal-making that went on to determine who will fill Senator Gregg's vacancy is alarmingly undemocratic. Once again, Americans will be represented in the Senate for nearly two years by someone they had no hand in electing. As the number of Senators appointed to their seats continues to rise, it’s increasingly clear that we need to fix this constitutional anachronism. It is time to pass a constitutional amendment to end appointments by governors and the political gamesmanship they encourage.”

Wednesday, February 04, 2009

Should We Bail Out Or Bale Together?


The big question is whether the bailout is working or can work.

It is interesting how we Americans recently poured $140 billion into Citibank ($50 billion cash and the rest thru off-balance sheet Fed incentives, loans, and cash infusions), and the market cap today is only $19.35 billion!

God bless america. Where else could such a ruse be pulled off? Why didn't the US just buy all of the outstanding shares at market prices and go forward with a truth commission like investigation? Once we own the company, we own the history. Then we can prosecute and maybe seize assets and get our money back.

Halliburton has a market cap of $16.4 billion. I think the USA should buy it so we can own the history and start prosecutions.

Even though it could cost us a few hundred billion to buy these companies at their market values, and we could definitely argue that the purchases are in the public interest, it comes down to a simple cost/benefit analysis: it would be cheaper to know the truth than to keep paying our captors.

Monday, February 02, 2009

How Close Can You Get To The Gods



Best quote: Humans are the only primates with a fear of heights.

Canaries in the Coal Mine



You think Obama is going to save us? Remember, he is not a messiah that can perform magic and miracles. That job is left to us collectively. But in the meantime, let's see whether the canaries are chirping:

From Russia: The Guardian is reporting
A wave of protests swept across Russia yesterday in one of the first signs of mass discontent with the Kremlin's handling of the financial crisis.


From China: RIA Novosti is reporting
20 million Chinese workers have received "pink slips" and are headed back to the hills.

At the same time, however, groups of wealthy Chinese are treking to America to by foreclosed properties.


From Switzerland:
Wealthy attendees of The World Economic Forum were informed that the global financial crisis has destroyed 40% of the worlds wealth
.

From Great Britain:
The rich are buying gold to keep (literally) in their mattresses.


From Saudi Arabia:
Economists here are referring to the current troubles as The Greater Depression.


From USA:
Personal bankruptcies are up only 33% to 1,086,130 in 2008
.

From Brazil:
100,000 indigenous peoples and eco-socialists met in Belem for the World Social Forum to discuss alternatives to "global capitalism", and no one paid much attention

So today's trivia question: what does the canary's song sound like?

Don't Go Into the Light



This is one of the most incredible art projects you will ever see. It is worth the watch.