Oh My. Nicholas Confessore, et al., of the New York Times: "New York attorney general [Eric Schneiderman] is investigating whether some of the nation's biggest private equity firms have abused a tax strategy in order to slice hundreds of millions of dollars from their tax bills, according to executives with direct knowledge of the inquiry.... Schneiderman has in recent weeks subpoenaed more than a dozen firms seeking documents that would reveal whether they converted certain management fees collected from their investors into fund investments, which are taxed at a far lower rate than ordinary income. Among the firms to receive subpoenas [is] ...Bain Capita, which was founded by Mitt Romney...."
Steven Pearlstein of the Washington Post writes an interesting overview of some of the literature on "what's the matter with American capitalism," but strangely, he couldn't seem to find anything that addressed the interests of workers. As long as ordinary workers have no representatives at the table -- and that's the situation today -- don't expect income inequality to magically collapse.
Anne Eisenberg reviews The Good Girls Revolt by Lynn Povitch, the story of how women brought suit to force Newsweek management to give them writing jobs. Their effort eventually led to industry-wide change, though -- as Eisenberg writes -- "Feminism is an incomplete revolution."
Jackie Calmes of the New York Times: "With his party's nominating convention approaching next week, President Obama started a four-day, four-state campaign trip in Iowa on Saturday, the state where he opened his unlikely quest for the presidency five years ago." ...
... Devin Dwyer of ABC News: "Greeting Air Force One as it touched down under sunny skies and sultry heat [in Sioux City, Iowa] was a hand-painted banner draped across the top of an airplane hangar that reads, 'Obama Welcome to SUX - We Did Build This.' 'SUX' is the airport code for Sioux City." In the photo accompanying the article, you can see that the "Welcome to" is written in tiny letters, so the banner appears to say only "Obama SUX."
... "Ale to the Chief." This White House blogpost has the recipes for White House honey ale & White House honey porter.
Cleve R. Wootson Jr. & Ely Portillo of the Charlotte Observer: "Eight months after evicting Occupy Charlotte protesters from public property, police now appear ready to let protesters camp at an uptown park that has become the center of protest activity during the Democratic convention. A bus that arrived at Marshall Park Saturday brought dozens of protesters who erected tents at the county-owned park.... Local officials, while not explicitly granting permission, suggested the city and county are inclined to let protesters stay overnight as long as no trouble arises."
Jonathan Chait of New York makes the case that the real theme of the GOP convention was "we rich people deserve our money & we should be able to keep it all. Too bad for everybody else."
Maureen Dowd: Republicans "knocked themselves out producing a convention that was a colossal hoax."
End of the Affair. Alina Selyukh of Reuters: "A modest bump in popularity for U.S. presidential hopeful Mitt Romney from this week's Republican Party convention looks to be short-lived, according to a Reuters/Ipsos poll. Democratic President Barack Obama regained a narrow lead on Saturday by 44 percent to 43 percent over his Republican challenger ... in the latest daily installment of the four-day rolling poll. Romney was ahead by one point in Friday's online poll and two points in Thursday's survey." ...
... Nate Silver: "We'll need to wait another day or two before we can make a more confident judgement on the size of Mr. Romney's bounce, but the information we have so far points toward its being a little underwhelming."
AP/Huffington Post: in his "I Care" photo-op trip to storm-torn Louisiana, Mitt Romney advised a woman whose house was literally underwater to go home & call 211, a public service number. Maybe one of his ace staffer should have explained to Romney what "flooded-out" means. The woman still said Romney "... is good. He'll do the best for us. He has our best interests at heart. I thought he'd be more like a politician, but it was more understanding and caring." Okay.
David Sirota has a swell piece criticizing the New York Times puff piece on Janna Ryan. In real life, as opposed to the Times story, Ryan was a privileged, connected Washington lobbyist.
Caroline Bankoff of New York on why Paul Ryan's lie about running a sub-three-hour marathon matters. Bankoff puts together commentary by Nicholas Thompson of the New Yorker & Paul Krugman. ...
... Shushannah Walshe of ABC News points out that Ryan also left the impression during the Hewitt interview that he ran "marathons." But according to his campaign, he ran only one. CW: the honest answer to Hewitt's question would have been something like, "Yeah, I ran a marathon once when I was in college & I think my time put me somewhere in the middle of the pack. Now I run only 10Ks." But look at how Ryan answers Hewitt's questions. Now, could somebody show me some pictures, please, of Ryan's catfish-noodling. What with his being given to fish stories, maybe that's one, too. How about some shots of Reverse Robin Hood's killing Bambi with a bow-&-arrow. Maybe we'll find out that like Romney, Ryan's big-game hunting is limited to setting mousetraps in his basement. (Romney has Jeeves do it, of course.)
AND Gene Weingarten of the Washington Post: "We've entered the final stretch of the presidential election, and it has become apparent that Mitt Romney actually won't release any more back tax returns, on the moral principle that nobody can make him, so neener, neener.... On one hand, it would be unfair and irresponsible of me to baselessly speculate about what embarrassing facts those tax returns might reveal. On the other hand, no one can stop me, so neener, neener." Weingarten's speculations include "His tax-shelter plan is so shrewd that he is, technically, indigent. He qualifies for, and uses, food stamps."
New York Times: "The former Navy SEALs member who is a co-author of a first-person account of the raid that killed Osama bin Laden was willing to break 'the code of silence' honored by many commandos because of 'bad blood' with his former unit, the elite SEAL Team 6, according to a new e-book written by other Special Operations veterans."
New York Times: "The Rev. Sun Myung Moon, the Korean evangelist, businessman and self-proclaimed messiah who built a religious movement notable for its mass weddings, fresh-faced proselytizers and links to vast commercial interests, died on Monday in Gapyeong, South Korea. He was 92."
New York Times: "The training of Afghan Local Police and special operations forces has been put on hold for at least a month while their American trainers conduct stricter vetting to try to root out any infiltrators or new recruits who could pose risks to the coalition troops working with them, American officials say." Washington Post story here.
AP: "A senior Obama administration political appointee and longtime aide to Homeland Security Secretary Janet Napolitano resigned Saturday amid allegations of inappropriate sexual behavior lodged by at least three Immigration and Customs Enforcement employees. Suzanne Barr, chief of staff to ICE Director John Morton, said in her resignation letter that the allegations against her are 'unfounded.' But she said she was stepping down anyway to end distractions within the agency."
Washington Post: Yosemite National Park officials have closed "the park's 91 signature tent cabins, where park officials say they believe a deadly outbreak of hantavirus originated in June, sickening four people and killing two. The cabins are closed indefinitely as officials wait to see whether their efforts to close gaps between the cabin walls are enough to keep virus-carrying deer mice out."
AP: "Nobel Peace Prize Laureate Desmond Tutu called Sunday for Tony Blair and George Bush to face prosecution at the International Criminal Court for their role in the 2003 U.S.-led invasion of Iraq. Tutu, the retired Anglican Church's archbishop of South Africa, wrote in an op-ed piece for The Observer newspaper that the ex-leaders of Britain and the United States should be made to 'answer for their actions.'" His opinion piece is here.
Guardian: "Syrian rebels have seized an air defence facility and attacked a military airport in the east of the country, according to a UK-based monitoring group."