My column in today's New York Times eXaminer is on a news report about Willard that neglected mentioning a few facts.
Paul Krugman: "... the best argument against Republicans’ claims that they can fix the economy [is] the fact ... that we have already seen the Republican economic future — and it doesn’t work." ...
... Decca Aitkenhead of the Guardian interviews Krugman who lets on that his audiences are smarter than the Very Serious People.
Gretchen Morgenson of the New York Times: "Days before Bank of America shareholders approved the bank's $50 billion purchase of Merrill Lynch in December 2008, top bank executives were advised that losses at the investment firm would most likely hammer the combined companies' earnings.... But shareholders were not told about the looming losses..., leaving them instead to rely on rosier projections.... What Bank of America's top executives ... knew about Merrill's vast mortgage losses and when they knew it emerged in court documents filed Sunday evening in a shareholder lawsuit.... The disclosure ... is likely to reignite concerns that federal regulators and prosecutors have not worked hard enough to hold key executives accountable for their actions during the financial crisis." CW: who could have guessed? ...
... Nelson Schwartz & Jessica Silver-Greenberg of the New York Times: "A small group of shareholder advocates delivered an urgent message to top executives at JPMorgan Chase more than a year ago: the bank's risk controls needed to be improved. JPMorgan officials dismissed the warning from the CtW Investment Group, the advocates, who also cautioned bank officials that the company had fallen behind the risk-management practices of its peers."
New York Times Editors: the I.R.S. should end the farce of groups like Karl Rove's Crossroads GPS being allowed to claim itself a "social welfare organization" with tax-exempt status. ...
... Gov. Brian Schweitzer (D-Montana) in a New York Times op-ed: "In Montana's frontier days, we learned a hard lesson about money in politics, one that's shaped our campaign-finance laws for a century and made our political system one of the country's most transparent. Those laws, and our political way of life, are now being threatened by the Supreme Court -- which is why I recently signed a petition for a federal constitutional amendment to ban corporate money from all elections."
Stephen Colbert explains an aspect of Obama's foreign policy:
Juliet Eilperin of the Washington Post: "The government of Canadian Prime Minister Stephen Harper is rewriting the nation's environmental laws to speed the extraction and export of oil, minerals and other materials to a global market clamoring for Canada's natural resources.... Economic and political factors account for the controversial gambit. High prices for oil and minerals, along with demand from Asia, have given Canada new incentive to tap into its resources, and new technology has made extraction easier.... The strategy has won plaudits from energy industry officials and some economists, while sparking an outcry from environmentalists and their allies in Parliament."
The Washington Post is running a series on cyberwar, which you can link here. I'm sure it's interesting and really important; I'm just not smart enough to grasp it all, but I'm sure most of you are.
Gabriel Sherman of New York magazine has a long piece on NYC Mayor Michael Bloomberg, whose next act, Sherman writes, is "mayor of the world."
Here's a portion of Elizabeth Warren's speech at the Massachusetts Democratic convention Saturday. She won the nomination with about 96 percent of the vote:
... From Warren's Website, here's the transcript.
Alex Koppelman of the New Yorker analyzes ten campaign ads. And the latest salvo from the Obama camp, an ad that will run in nine swing states:
That stimulus [President Obama] put in place -- it didn't help private sector jobs, it helped preserve government jobs. And the one place we should have shut back -- or cut back -- was on government jobs. We have 145,000 more government workers under this president. Let's send them home and put you back to work. -- Mitt Romney, May 29
Private sector jobs have increased under Obama and government jobs have fallen, making Romney's assertion incorrect.... If one assumes Romney was referring to federal workers, then his statistic is accurate but his comment makes little sense. He says he wants to cut back government jobs, even though Obama added jobs in areas that Romney identifies as critical -- and even though such cuts in government employment would further reduce overall employment. We had given him Two Pinocchios for the previous way he had used this 145,000 figure but given the context of this statement, we have no choice but to increase the number. -- Glenn Kessler, Washington Post fact-checker
Right Wing World
George Packer & Amy Davidson of the New Yorker discussed the extremism of the Republican party late last week:
"Evolution is hooey." Gail Collins in the New York Review of Books: "Texas certainly didn't single-handedly mess up American textbooks, but its size, its purchasing heft, and the pickiness of the school board's endless demands -- not to mention the board's overall craziness -- certainly made it the trend leader. Texas has never managed to get evolution out of American science textbooks. It's been far more successful in helping to make evolution -- and history, and everything else -- seem boring." CW: Toldja Collins could write serious stuff.
Reuters: "Two public opinion polls released on Sunday show Wisconsin Republican Governor Scott Walkerwith a lead of three and six percentage points two days before the election to recall.... Both findings were within the margin of error so the results could be even tighter." ...
... This Milwaukee Journal-Sentinel overview seems kinda pro-Walker to me, but there appears to have been a real effort to be objective, & the video is a good overview of the recall. (The Journal-Sentinel endorsed Walker in the recall election.) --
FP: "Chinese authorities have rounded up hundreds of activists in the capital Beijing, rights campaigners and petitioners said Monday, as they marked the 23rd anniversary of the Tiananmen Square crackdown. The detentions came as Washington angered Beijing by calling for all those still jailed over the demonstrations on June 4, 1989 -- when hundreds, if not thousands, of protesters were shot and killed by soldiers -- to be freed."
AFP: "The three Swedish nationals and one Tunisian living in Sweden had pleaded not guilty to the terrorism charges, but a district court found all four 'guilty of terrorism', chief judge Katrine Eriksen said in the unanimous verdict, which was broadcast live. However Sahbi Ben Mohamed Zalouti, Munir Awad and Omar Abdalla Aboelazm -- all Swedish citizens of Tunisian, Lebanese and Moroccan origin, respectively -- and Tunisian national Mounir Ben Mohamed Dhahri were found not guilty of a secondary charge of weapons possession due to a technicality, she said. Prosecutors had charged that the four planned to 'kill a large number of people' at the Jyllands-Posten's offices in Copenhagen when they were arrested on December 29, 2010."