The Ledes

Wednesday, July 2, 2025

New York Times: “The Rev. Jimmy Swaggart, who emerged from the backwoods of Louisiana to become a television evangelist with global reach, preaching about an eternal struggle between good and evil and warning of the temptations of the flesh, a theme that played out in his own life in a sex scandal, died on July 1. He was 90.” ~~~

     ~~~ For another sort of obituary, see Akhilleus' commentary near the end of yesterday's thread.

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Thank you to everyone who has been contributing links to articles & other content in the Comments section of each day's "Conversation." If you're missing the comments, you're missing some vital links.

Marie: Sorry, my countdown clock was unreliable; then it became completely unreliable. I can't keep up with it. Maybe I'll try another one later.

 

Commencement ceremonies are joyous occasions, and Steve Carell made sure that was true this past weekend (mid-June) at Northwestern's commencement:

~~~ Carell's entire commencement speech was hilarious. The audio and video here isn't great, but I laughed till I cried.

CNN did a live telecast Saturday night (June 7) of the Broadway play "Good Night, and Good Luck," written by George Clooney and Grant Heslov, about legendary newsman Edward R. Murrow's effort to hold to account Sen. Joe McCarthy, "the junior senator from Wisconsin." Clooney plays Murrow. Here's Murrow himself with his famous take on McCarthy & McCarthyism, brief remarks that especially resonate today: ~~~

     ~~~ This article lists ways you still can watch the play. 

New York Times: “The New York Times Company has agreed to license its editorial content to Amazon for use in the tech giant’s artificial intelligence platforms, the company said on Thursday. The multiyear agreement 'will bring Times editorial content to a variety of Amazon customer experiences,' the news organization said in a statement. Besides news articles, the agreement encompasses material from NYT Cooking, The Times’s food and recipe site, and The Athletic, which focuses on sports. This is The Times’s first licensing arrangement with a focus on generative A.I. technology. In 2023, The Times sued OpenAI and its partner, Microsoft, for copyright infringement, accusing the tech companies of using millions of articles published by The Times to train automated chatbots without any kind of compensation. OpenAI and Microsoft have rejected those accusations.” ~~~

     ~~~ Marie: I have no idea what this means for "the Amazon customer experience." Does it mean that if I don't have a NYT subscription but do have Amazon Prime I can read NYT content? And where, exactly, would I find that content? I don't know. I don't know.

Washington Post reporters asked three AI image generators what a beautiful woman looks like. "The Post found that they steer users toward a startlingly narrow vision of attractiveness. Prompted to show a 'beautiful woman,' all three tools generated thin women, without exception.... Her body looks like Barbie — slim hips, impossible waist, round breasts.... Just 2 percent of the images showed visible signs of aging. More than a third of the images had medium skin tones. But only nine percent had dark skin tones. Asked to show 'normal women,' the tools produced images that remained overwhelmingly thin.... However bias originates, The Post’s analysis found that popular image tools struggle to render realistic images of women outside the Western ideal." ~~~

     ~~~ Marie: The reporters seem to think they are calling out the AI programs for being unrealistic. But there's a lot about the "beautiful women" images they miss. I find these omissions remarkably sexist. For one thing, the reporters seem to think AI is a magical "thing" that self-generates. It isn't. It's programmed. It's programmed by boys, many of them incels who have little or no experience or insights beyond comic books and Internet porn of how to gauge female "beauty." As a result, the AI-generated women look like cartoons; that is, a lot like an air-brushed photo of Kristi Noem: globs of every kind of dark eye makeup, Scandinavian nose, Botox lips, slathered-on skin concealer/toner/etc. makeup, long dark hair and the aforementioned impossible Barbie body shape, including huge, round plastic breasts. 

New York Times: “George Clooney’s Broadway debut, 'Good Night, and Good Luck,' has been one of the sensations of the 2024-25 theater season, breaking box office records and drawing packed houses of audiences eager to see the popular movie star in a timely drama about the importance of an independent press. Now the play will become much more widely available: CNN is planning a live broadcast of the penultimate performance, on June 7 at 7 p.m. Eastern. The performance will be preceded and followed by coverage of, and discussion about, the show and the state of journalism.”

No free man shall be seized or imprisoned, or stripped of his rights or possessions, or outlawed or exiled, or deprived of his standing in any other way, nor will we proceed with force against him, or send others to do so, except by the lawful judgment of his equals or by the law of the land. -- Magna Carta ~~~

~~~ New York Times: “Bought for $27.50 after World War II, the faint, water stained manuscript in the library of Harvard Law School had attracted relatively little attention since it arrived there in 1946. That is about to change. Two British academics, one of whom happened on the manuscript by chance, have discovered that it is an original 1300 version — not a copy, as long thought — of Magna Carta, the medieval document that helped establish some of the world’s most cherished liberties. It is one of just seven such documents from that date still in existence.... A 710-year-old version of Magna Carta was sold in 2007 for $21.3 million.... First issued in 1215, it put into writing a set of concessions won by rebellious barons from a recalcitrant King John of England — or Bad King John, as he became known in folklore. He later revoked the charter, but his son, Henry III, issued amended versions, the last one in 1225, and Henry’s son, Edward I, in turn confirmed the 1225 version in 1297 and again in 1300.”

NPR lists all of the 2025 Pulitzer Prize winners. Poynter lists the prizes awarded in journalism as well as the finalists in these categories.

 

Contact Marie

Email Marie at constantweader@gmail.com

Constant Comments

Success is not final, failure is not fatal: it is the courage to continue that counts.

Success is not final, failure is not fatal; it is the courage to continue that counts. — Anonymous

A nation of sheep will beget a government of wolvesEdward R. Murrow

Publisher & Editor: Marie Burns

I have a Bluesky account now. The URL is https://bsky.app/profile/marie-burns.bsky.social . When Reality Chex goes down, check my Bluesky page for whatever info I am able to report on the status of Reality Chex. If you can't access the URL, I found that I could Google Bluesky and ask for Marie Burns. Google will include links to accounts for people whose names are, at least in part, Maria Burns, so you'll have to tell Google you looking only for Marie.

Thursday
Oct272011

The Commentariat -- October 28

Tim Egan: boomer parents don't know what to tell their jobless millennial kids. "For all the efforts to raise hyper-achievers, we didn’t teach enough of a basic survival skill — to find joy in simple things not connected to a grade, a trophy or a job." ...

     ... I've posted a comments page on Egan's column on Off Times Square.

... OR the Kids Could Incorporate. Andy Borowitz: "... for a limited time, we are offering every man, woman and child in this country a chance to incorporate and become a card-carrying member of Corporation of American Corporations (CAC™). As a newly-formed corporation, you’ll immediately reap the benefits that such other CAC™ members as the Koch Brothers enjoy, such as:

–  Exemption from Federal, State and local taxes
–  Freedom to despoil America’s air, water, and birdlife
–  Exclusive opportunities to sell weapons to Iran

... AND How to Be a One Percenter. George Zornick of The Nation: First, get rich (see Borowitz above). Then buy Congress & the President, making sure the President picks judges & justices who will rule in your favor. Zornick cites recent cases decided & laws passed designed to help the rich and hurt everybody else: Wal-Mart v. Dukes and AT&T Mobility v. Concepcion protected big business from class action suits, the patent law protected big business from mom-and-pop inventors and the free trade agreements "are designed to depresses the wages of ordinary workers." President Obama promoted passage of these bills & signed them into law. ...

** Gene Robinson of the Washington Post: "Three decades of trickle-down economic theory, see-no-evil deregulation and tax-cutting fervor have led to massive [upward] redistribution [of wealth]. Another word for what’s been happening might be theft.... The system is rigged. Wealthy individuals and corporations have disproportionate influence over public policy because of the often decisive role that money plays in elections.... The real issue is what kind of nation we want to be. Thomas Jefferson’s 'All men are created equal' is properly understood as calling for equality of opportunity, not equality of outcomes. But ... as [economic] polarization increases, mobility declines." ...

... Tax Me! Robert Frank of the Wall Street Journal: "A new survey from Spectrem Group found that 68% of millionaires (those with investments of $1 million or more)  support raising taxes on those with $1 million or more in income. Fully 61% of those with net worths of $5 million or more support the tax on million-plus earners." ...

... AND if you'd like to know what a true blue-blooded blue-nose thinks of Wall Street (with which he is intimately familiar) and Occupy Wall Street, former Bush I Treasury Secretary Nicholas Brady, in a Washington Post op-ed, says tut-tut to everyone. Welcome to the drawing room, my dears, where we will commiserate together about this deplorable state of affairs.

... Jesse McKinley & Malia Wollan of the New York Times: "For supporters of the Occupy Wall Street movement..., the wounding of an Iraq war veteran [in Oakland, California] has provided a powerful central rallying point. The veteran, Scott Olsen, 24, was critically injured on Tuesday night when he was hit in the head with a projectile thrown or shot by law enforcement officers combating protesters.... Mr. Olsen, who served two tours of duty in Iraq as a Marine, suffered a fractured skull.... On Thursday night, camps in several major cities — including New York, Chicago and Philadelphia — were expected to participate in a vigil for Mr. Olsen, according to Iraq Veterans Against the War, of which he is a member." ...

... Dahlia Lithwick of Slate, to the baffled punditocracy: "What the movement clearly doesn’t want is to have to explain itself through corporate television.... It takes a walloping amount of willful cluelessness to look at a mass of people holding up signs and claim that they have no message.... Mark your calendars: The corporate media died when it announced it was too sophisticated to understand simple declarative sentences. While the mainstream media expresses puzzlement and fear at these incomprehensible 'protesters' with their oddly well-worded 'signs,' the rest of us see our own concerns reflected back at us and understand perfectly." ...

Occupy Congress:

Mark Landler of the New York Times: "Rarely has the disparity between [President] Obama’s sweeping foreign policy accomplishments and cramped domestic agenda been so stark — vivid evidence of a president hemmed in by a hostile Congress and a penurious fiscal climate, but still left with some powerful levers to pull as the nation’s chief executive." ...

... Thomas Mann & Norm Ornstein in The New Republic: contra David Brooks' "friendly advice" to President Obama to play nice with Republicans in pursuit of a "Grand (Deficit Reduction) Bargain, "... if there is any hope of achieving bipartisan policy success, it will come from Republicans believing that blocking the president’s initiatives or offers will cause them political harm. Mitch McConnell admitted as much when he acceded to a deal on the debt limit — not because it would avert economic chaos, not because a conciliatory president offered it to him, but because, in his own words, the failure to do so would damage 'the Republican brand.' In other words, Obama’s new approach of turning up the heat — by calling out Republicans for their obstruction and their opposition even to ideas they have previously embraced, like a continuing payroll tax cut — actually has more chance of achieving the policy outcomes Brooks wants than his conciliatory approach. Obama, at the center of today’s political spectrum, should therefore be explicit and forceful in communicating the stark differences between the parties and the source of inaction and gridlock in Washington. To do anything less would be a disservice to the public, his party, and his hopes for a constructive and consequential presidency."

... Eric Lichtblau of the New York Times: "Despite a pledge not to take money from lobbyists, President Obama has relied on prominent supporters who are active in the lobbying industry to raise millions of dollars for his re-election bid." ...

     ... Ben Smith: "... it's worth noting this is part of another trend...: the normalization of the Obama campaign into Democratic politics. Of course figures like David Cohen, Ed Rendell's former chief of staff, now at Comcast, and Andy Spahn, a Hollywood Democratic fixer, are bundling for Obama. It's what they do. And while influence is part of the picture, this shouldn't be mistaken for regular lobbying; it's simply a feature of the Democratic money establishment, one that supported Hillary Clinton in 2008 and has now for the most part united, without a second thought, around the Democratic president."

... Sam Youngman of The Hill: "A number of White House officials, sensing momentum on their side, blasted Republicans in Congress and on the campaign trail, mocking recent measures and Congress's 9 percent approval rating."

Leslie Gelb in the Daily Beast: center-left liberals "are ... practically the only ones today who are asking the essential policy questions — about domestic versus international priorities, the utility of land wars in inhospitable countries, the role negotiations need to play with adversaries.... Republicans and neoconservatives are attacking Obama for withdrawing all American troops from Iraq in two months and accusing him of giving the store to Iran. Forgotten is the carnal fact that the Baghdad government said 'Get out!' and that Iraqi and President George W. Bush’s officials signed an agreement three years ago mandating full withdrawal. The Republicans and neoconservatives didn’t say a word of criticism about that deal.... For decades now, the right has more or less called the national security shots.... But the liberals and lefties are leading the charge on reviewing fundamentals.... Give them a hearing."

Felix Salmon of Reuters: Federal Judge "Jed Rakoff has been a hero for a while now, but his questions for the SEC with respect to its Citigroup settlement are truly great even by his standards. Salmon lists them all. Read 'em. And ask yourself why other judges have not held the SEC's feet to the fire like this.

Déjà Vu All Over Again. Mike Lillis of The Hill: "Liberals on and off Capitol Hill agonized Thursday that supercommittee Democrats had bungled early negotiations over a budget deal and put their party in a position to be bested again by Republicans. By proposing significant cuts to Medicare and Medicaid as an early offering, liberals said the panel Democrats weakened their party’s negotiating position as Republicans, who have ceded no ground on their central anti-tax message, sat back and watched."

Edward Wyatt of the New York Times: "In an effort to expand broadband Internet service, the Federal Communications Commission on Thursday approved an overhaul of its fund that subsidizes rural telephone service, turning it into one meant to offer broadband service to the millions of Americans who lack high-speed connections. Calling its plans “the most significant policy step ever taken to connect Americans to high-speed Internet,” the commission voted unanimously to approve the revamped Universal Service Fund, which includes a $4.5 billion annual budget cap for its main Internet component, the Connect America Fund." Oh, and your phone bill is likely to go up.

Paul Krugman is in Iceland: "Where everyone else bailed out the bankers and made the public pay the price, Iceland let the banks go bust and actually expanded its social safety net. Where everyone else was fixated on trying to placate international investors, Iceland imposed temporary controls on the movement of capital to give itself room to maneuver.... Iceland hasn’t avoided major economic damage or a significant drop in living standards. But it has managed to limit both the rise in unemployment and the suffering of the most vulnerable; the social safety net has survived intact, as has the basic decency of its society." ...

... New York Times Editors: "Europe’s leaders did better than expected, but expectations were low to start.... Europe is still only grappling with the financial symptoms of the crisis, not the underlying causes.... None of these gyrations [leaders are taking] would be necessary if the European Central Bank was authorized to act as a lender of last resort. Without that, and a turn away from austerity to growth, Europe’s crisis will continue and continue to threaten the American economy and the global recovery."

Once again, libertarian Dave Weigel of Slate defends Elizabeth Warren against Massachusetts GOP lies from their "whopper factory."

Right Wing World

Steve Benen: Speaker John Boehner has "great concerns" about President Obama's exceeding his Constitutional authority by creating a few jobs, when Boehner's little friends in Congress will do nothing of the kind. But, funny, Boehner was thrilled when former President Bush used his executive authority to do business normally reserved for Congress.

A few reasons to like Mitt Romney 2002: pro-choice, pro-minimum wage, pro-gun control. Ten years later -- a different guy. Via Ben Smith.

Immigration Has Brought out the Worst in Romney & Perry. Conservative Washington Post columnist Michael Gerson: "Romney, Perry and the others are, unfortunately, reflecting current Republican sentiments. Legitimate concerns — including overwhelmed public services in some communities — and high unemployment have combined to heighten resentment against illegal immigration.... The cynical accommodation of anger encourages serious division in a permanently diverse country. It is primarily the fault of politicians when the immigration debate turns ugly.... On issues of Hispanic concern, Obama’s lip service has been deafening."

Creepy AND Weird. Adam Serwer of Mother Jones: "Walid Phares, the recently announced co-chair of GOP presidential candidate Mitt Romney's Middle East advisory group, has a long résumé. College professor. Author. Political pundit. Counterterrorism expert. But there's one chapter of his life that you won't find on his CV: He was a high ranking political official in a sectarian religious militia responsible for massacres during Lebanon's brutal, 15-year civil war."

Jay Newton-Small of Time is not counting Rick Perry out, tho his GOP poll numbers are as low as 6 percent. But she does outline some of the ways his presidential campaign was, well, massively unprepared: "It wasn't just poor debate performances.... The campaign ... neglected to prepare a robust policy platform. Perry's energy speech was taken virtually whole cloth from an oil company lobbyist group's website. His economic plan remained unfinished just days before he was scheduled to give a speech on it and, according to two sources close to the campaign, Perry himself hadn't been briefed on the proposal on the Sunday before the big roll-out, an assertion [the campaign] denies." ...

... Jason Embry of the Statesman: but, really, the Perry campaign's worst problem is -- Rick Perry.

* Where it's bold leadership if I do it, unconstitutional if you do it.

News Ledes

AP: "A Taliban suicide bomber rammed a vehicle loaded with explosives into an armored NATO bus Saturday on a busy thoroughfare in Kabul, killing 17 people, including a dozen Americans, in the deadliest strike against the U.S.-led coalition in the Afghan capital since the war began."

Guardian: "Up to 40 people have been killed after Syrian security forces opened fire on protesters following Friday afternoon prayers, according to activists."

New York Times: "A federal judge in Washington has granted final approval for a $1.25 billion settlement by the Agriculture Department for  African-American farmers’ longstanding claims of racial discrimination. The Thursday decision by the judge, Paul L. Friedman, was expected and gives about 40,000 plaintiffs a second chance to have their complaints heard by a court-appointed neutral party."

AP (via NYT): "On the defensive over a half-billion-dollar loan to a now-bankrupt solar company, the White House on Friday ordered an independent review of similar loans made by the Energy Department, its latest response to rising criticism over Solyndra Inc."

Guardian: "Muammar Gaddafi's fugitive son Saif al-Islam has been in contact with the international criminal court in the Hague about surrendering to face charges of inciting the murder of thousands of Libyans."

ABC News: "A group of Occupy Wall Street protesters coordinated a march in mid-town Manhattan today, delivering 6,000 'angry letters' to five major banks. Before the march, the group, Occupy the Board Room,  invited people to submit letters online to Bank of America, Morgan Stanley, Wells Fargo, Citigroup and JP Morgan Chase. Today, the group delivered printed letters to the doors of the bank headquarters." ...

... Reuters: "Anti-Wall Street protesters' plans to camp in a New York park throughout the city's harsh winter were dealt a blow on Friday when the fire department confiscated six generators and about a dozen cans of fuel. With the first snow forecast to fall on Saturday, the 'Occupy Wall Street' movement against economic inequality lost the generators that had been powering heat, computers and a kitchen in the Lower Manhattan camp they set up six weeks ago." ...

... Los Angeles Times: "Occupy San Diego protesters vowed Friday to return to the civic plaza behind City Hall despite being ousted and their tents removed by a massive police sweep hours earlier. Police arrested 51 people at the plaza and at Children's Park in the nearby Gaslamp Quarter, most on suspicion of illegal lodging, encroachment and resisting." ...

... New York Daily News: "Tennessee state troopers cleared out Wall Street protesters from the state Capitol grounds early Friday because they didn't have the resources to 'babysit' the overnight encampment.... Commissioner Bill Gibbons said Republican Gov. Bill Haslam's office approved the pre-dawn roundup of protesters for refusing to comply with a new overnight curfew and permit requirements.... Twenty-nine people were arrested, but a night judge refused to sign their warrants because the policy had only been in effect since the previous afternoon." ...

... San Francisco Chronicle: "Occupy Oakland protesters moved Thursday to reclaim the battleground plaza outside City Hall, pitching two dozen tents and canopies just two days after police dismantled an elaborate encampment over sanitary and security concerns." ...

... Oakland Tribune: "Oakland Mayor Jean Quan shifted into damage control Thursday, asking hospitalized protester Scott Olsen and other Occupy Oakland demonstrators to cooperate with police investigating Olsen's head injury. Quan visited Olsen, a former Marine and Iraq War veteran, on Thursday morning at Highland Hospital." ...

     ... Guardian Update: "Scott Olsen, the Iraq war veteran who was seriously injured by a police projectile during a protest in Oakland, has regained consciousness but 'cannot talk'. Olsen, 24, is communicating with friends and family at his bedside by writing notes, but his injury is believed to have damaged the speech centre of his brain, according to Keith Shannon, who served with Olsen in Iraq."

AP: "Pushing a campaign to act without Congress, President Barack Obama will announce on Friday two more executive actions on the economy, both of them small steps intended to give a boost to businesses. The moves cap a week in which Obama has sought to employ the power of his office as he struggles to make headway on his jobs bill on Capitol Hill." ...

... AP: "Appliance maker Whirlpool Corp. plans to cut 5,000 jobs, about 10 percent of its workforce in North America and Europe, as it faces soft demand and higher costs for materials. The world's biggest appliance maker also on Friday cut its 2011 earnings outlook drastically and reported third-quarter results that missed expectations...."

Guardian: "Libya's interim government says it will prosecute anyone found responsible for the death of Muammar Gaddafi after his capture, in a retreat from its earlier insistence that the dictator had been killed by crossfire." ...

... AP: "NATO has announced it will end its air campaign over Libya next Monday, following the decision of the U.N. Security Council to lift the no-fly zone and end military action to protect civilians. NATO Secretary General Anders Fogh Rasmussen said on Friday that the operation was "one of the most successful in NATO history," one which was able to wind down quickly following the death of former Libyan leader, Moammar Gadhafi."

Guardian: The 16 Commonwealth Nations of the Queen's realms have agreed to change the royal order of succession to be gender-neutral. "An elder daughter of the Duke and Duchess of Cambridge would become Queen. The changes ... will also lift the ban on anyone in the line of succession marrying a Catholic...."

Wednesday
Oct262011

The Commentariat -- October 27

I've added a comments page on Off Times Square on the judiciary -- that third branch of government we so often ignore, a branch which GOP presidential candidates are only too happy to excoriate.

CW: Why I Think Barack Obama Will Be a Two-Term President:

The one thing that we absolutely know for sure is that if we don’t work even harder than we did in 2008, then we’re going to have a government that tells the American people, ‘you are on your own.’ If you get sick, you’re on your own. If you can’t afford college, you’re on your own. If you don’t like that some corporation is polluting your air or the air that your child breathes, then you’re on your own.... I reject an argument that says we’ve got to roll back protections that ban hidden fees by credit card companies, or rules that keep our kids from being exposed to mercury, or laws that prevent the health insurance industry from exploiting people who are sick. And I reject the idea that somehow if we strip away collective bargaining rights, that we’ll be somehow better off. We should not be in a race to the bottom where we take pride in having the cheapest labor and the most polluted air and the least protected consumers. -- Barack Obama, at a San Francisco fundraiser ...

... Devin Dwyer of ABC News: "At a million-dollar San Francisco fundraiser today, President Obama warned his recession-battered supporters that if he loses the 2012 election it could herald a new, painful era of self-reliance in America.... Obama’s pitch to donors has increasingly sought to raise the stakes for the 2012 race, and the interruptions of resounding applause and handsome fundraising hauls show his message is striking a chord."

In a Q&A with Justin Elliott of Slate, historian Michael Kazin puts Occupy Wall Street in historical context & looks at what the future of OWS may be: "... protests like this have to progress from tactic to strategy if they are going to endure. They have to either start their own organization — as the sit-in movement started SNCC — or link up with other organizations." ...

... Michael Scherer of Time has this video, shot by a protester, of "a protester [Michael Thomas Olsen -- see today's Ledes], who happened to be an Iraq War veteran, was bleeding from the head, having been hit by a projectile of unknown origin. (In addition to rocks being thrown at the time, the police fired non-lethal beanbag rounds and tear gas canisters.) Other protesters ran to his aid. A police officer tossed an explosive deterrant into the crowd. It detonated near to the wounded protester’s head":

     ... Read Scherer's whole post: "The effect has been devastating for the local mayor, who was already facing a nascent recall effort. In the age of social media, such incidents have enormous viral potential. Nearly a day after the event, Quan, who has gone through several police chiefs in recent months, issued a statement of near complete contrition." ...

     ... Mayor Quan's statement is here, via the San Francisco Chronicle. Reporters Aimee Allison writes, "Yesterday, the ACLU of Northern California and the National Lawyers’ Guild demanded a full investigation [of the police crackdon on Occupied Oakland]. ...

... Nicholas Kristof: "... while alarmists seem to think that the [OWS] movement is a 'mob' trying to overthrow capitalism, one can make a case that, on the contrary, it highlights the need to restore basic capitalist principles like accountability. To put it another way, this is a chance to save capitalism from crony capitalists." ...

 

... Jesse McKinley & Abby Goodnough of the New York Times: "After weeks of cautiously accepting the teeming round-the-clock protests spawned by Occupy Wall Street, several cities have come to the end of their patience and others appear to be not far behind." ...

... Kate Linthicum, et al., of the Los Angeles Times: "More than a month into the Occupy movement, officials are beginning to talk openly of moving protesters out of their encampments in parks and public squares around the country. But many activists show no signs of budging as the movement continues to generate heavy media attention and support from liberal circles. Looming large is the cautionary spectacle of Oakland."

Only the Military Can Create Jobs! Dean Baker: "Faced with the prospect of cuts to the Defense Department's budget, the defense industry is pushing the story of the military spending fairy on members of Congress. They are telling them that these cuts will lead to the loss of more than 1 million jobs over the next decade. Believers in the military spending fairy say things like "the government can't create jobs," but also think that military spending creates jobs.... [Actually,] during a downturn where there are lots of unemployed workers, any government spending will create jobs, regardless of whether or not it is on the military. In fact, military spending is likely to create fewer jobs than spending in most other areas (e.g. education, health care, conservation) because it is more capital intensive. When the economy is near full employment, military spending is a drag on the economy. It pulls resources away from private sector uses...."

Rule of Thumb. Every time President O'Bipartisan agrees to a Republican-backed bill or program, you and/or a decent, deserving neighbor will be screwed. Karen Garcia has two cases on point:

     ... (1) "... GOP leaders have agreed to pass the most right-wing portion of the president's American Jobs Act: ending a requirement that the government withhold three percent of payments to federal contractors to ensure tax compliance. [See also yesterday's Ledes.] But but but -- only on condition that it becomes harder for poor& people to qualify for Medicaid." Garcia, with a little help from Brian Beutler of TPM, explains how many currently-Medicaid-eligible seniors will have their benefits cut. "... in these times of social unrest and ever widening income disparity, the Democrats still buy into the conservative ideology that programs to further enrich the wealthy must always be paid for by our country's most vulnerable citizens."

     ... (2) Behind closed doors and in the presence of a phalanx of big corporate CEOs who will benefit from the laws, President O'Bipartisan signed three free trade agreements negotiated by George W. Bush & backed primarily by Republicans in Congress. "... the 250,000 jobs it is forecast to create by Business Roundtable and Chamber of Commerce boosters will not be American jobs. That's why it was delayed. The Democrats insisted on adding a little token assistance to middle-aged American textile workers who are expected to lose their jobs to 40-cent/hour North Korean wage slaves allowed to work in the DMZ." ...

     ... David Bacon, writing in TruthOut, has more on the effects of free trade agreements on workers.

Just for you literary critics, Charles Pierce of Esquire does a masterful job of analyzing a short paragraph of a Paul Ryan speech, a speech Ryan delivered at the Heritage Foundation, so you know it is loaded with Ayn Randian dog whistles & red meat for the selfish. I came away thinking Ryan should be institutionalized, whether he's massively deceptive or pathetically deluded, he is one sick puppy. ...

... Greg Sargent takes apart Ryan's entire speech and demonstrates that it was "misleading, out of touch, and filled with tired talking points." Ryan just makes stuff up about what "Democrats believe." CW: as I said, Ryan is delusional or purposely deceptive, as Ari Berman of The Nation calls him, "a class warrior for the wealthy." ...

Just last week, the President told a crowd in North Carolina that Republicans are in favor of, quote, 'dirtier air, dirtier water, and less people with health insurance.' Can you think of a pettier way to describe sincere disagreements between the two parties on regulation and health care? -- Paul Ryan ...

... Paul Krugman: "Just for the record: why is this petty? Why is it anything but a literal description of GOP proposals to weaken environmental regulation and repeal the Affordable Care Act? So Ryan is outraged, outraged, that Obama is offering a wholly accurate description of his [Ryan's] party’s platform.... You really have to be somewhat awed when people who routinely accuse Obama of being a socialist get all weepy over him saying that eliminating protections against pollution would lead to more pollution." ...

... ** Update: Jonathan Chait of New York Magazine has the most complete takedown of Paul Ryan & his crazy worldview. "Ryan cannot process the realities of this world because they are so at odds with the imagined world of his ideology. After his speech, he was asked about the CBO’s report on inequality, and he brushed it off, falling back on Rand-esque lingo the virtuous rich ... and parasitic poor...."

CW: here's a thought: middle-class conservatives are stupid. Some pretty good evidence: Kevin Drum of Mother Jones: "Middle-class conservatives have become completely convinced that 'good' tax policies include a flat tax, lower capital gains rates, and repeal of the estate tax, all of which are designed to benefit the rich almost exclusively."

I, like you, get a little incensed when you think about how much good all of you do, whether it’s volunteer hours, charitable giving we do, serving clients and customers well.... To the bank’s critics, I say, 'You ought to think a little about that before you start yelling at us.' -- Brian Moynihan, CEO of Bank of America, to BoA employees ...

Nobody cares how upset you are at being yelled at, ace. In 2009, the taxpayers of the United States gave you 20 billion reasons to shut your piehole. -- Charles Pierce, Esq.

New York Times Editors: "The revised No Child Left Behind Act that passed out of the Senate education committee last week goes too far in relaxing state accountability and federal oversight of student achievement. The business community, civil rights groups and advocates of disabled children are rightly worried that the rewrite of the law would particularly hurt underprivileged children."

** E. J. Graff in the American Prospect: "According to the Guttmacher Institute, widely considered the most reliable source of accurate facts on the reproductive debates, nine out of ten abortions take place in the first 12 weeks of pregnancy. That’s not a fetus; it’s an embryo — a little cluster of cells smaller than a thumb.... To me, what matters is that new life happens. It doesn’t particularly matter which new life happens, whether human or mushroom.... I find it absolutely impossible to believe that spiritual magic strikes when a sperm fertilizes an egg, divides into a blastocyst, or curls into an embryo. If it’s okay to abstain from sex, or to use contraception, then it’s okay to clean out a uterus of those gathering storm cells as well.... Legislating othersbehavior based on a spiritual belief (and while Larimore says she’s not religious, her justification is still a belief) strikes me as theocratic, even totalitarian."

Dave Weigel of Slate: What Elizabeth Warren & Massachusetts Gov. Deval Patrick actually said. Surprise: it isn't what the hit jobs on Warren claim. ...

... Steve Kornacki on Elizabeth Warren: it was that video.

Susan Saulny of the New York Times: "If Herman Cain feels his management skills are up to any challenge, some of his former staff members think he should have started with the disorder in his own campaign." ...

... Mark Benjamin of Time: Herman Cain's smokin' campaign guru Mark Block has had an unusual political career, marred by a charge of corruption, which he settled.

Paul Wallsten of the Washington Post: "Republicans who are eager to repair the party’s battered image among Hispanic voters and unseat President Obama next year have long promoted a single-barrel solution to their two-pronged problem: putting Sen. Marco Rubio on the national ticket.... But Rubio’s role in recent controversies, including a dispute with the country’s biggest Spanish-language television network and new revelations that he had mischaracterized his family’s immigrant story, shows that any GOP bet on his national appeal could be risky."

AND this column might not actually be by Paul Krugman. For one thing, the headshot seems somehow ... different.

Local News

CW: I'm a week late on this, but it's worth noting. AP: "The League of Women Voters sued [last] Thursday to block Wisconsin's new voter photo identification law, arguing that the state constitution clearly only bars children, felons and the mentally incompetent from voting, not people who lack photo IDs. In its lawsuit filed in Dane County [Madison] Circuit Court, the League's state chapter contends that Gov. Scott Walker and the Republican-led Legislature had no authority to bar a class of people -- those who don't have an appropriate photo ID -- from voting."

(Fort Myers, Florida) News-Press: "U.S. Rep. Connie Mack IV, the Republican congressman from Fort Myers, is entering the race for the U.S. Senate." CW: CoMa is my Congressman, so it's nice of him to finally do something for those of us in Southwest Florida -- give us a reason to work to re-elect Sen. Bill Nelson, a ConservaDem.

News Ledes

Washington Post: "The Air Force has been secretly flying armed Reaper drones on counterterrorism missions from a remote civilian airport in southern Ethi­o­pia as part of a rapidly expanding U.S.-led proxy war against an al-Qaeda affiliate in East Africa, U.S. military officials said."

Washington Post: "Amid a flurry of counter-proposals from the deficit-reduction committee, House Speaker John Boehner (R-Ohio) on Thursday rejected a Democratic offer to slash $3 trillion from future debts because it contained significant tax increases."

San Francisco Chronicle: California "Gov. Jerry Brown this morning unveiled a 12-point proposal aimed at shrinking the costs of public employee pension benefits in California in part by raising the retirement age for most new employees from 55 to 67."

Guardian: "Scott Olsen, the Iraq war veteran who suffered serious head injuries after being hit by a projectile fired by police during the Occupy Oakland protests, has woken up and is lucid as he awaits surgery, hospital officials and family members have said.... He has been upgraded from critical to fair condition."

The Hill: "A Pentagon official who was being investigated for what whistleblowers called incompetence, extravagant spending, cronyism and 'tyrannical' management has resigned. The Defense Department announced Thursday that Clifford Stanley, undersecretary of defense for personnel and readiness, has submitted his resignation to Defense Secretary Leon Panetta."

Philadelphia Daily News: "Two women accused of participating in the ghoulish, deadly activities inside a filthy West Philadelphia abortion clinic, calmly told a judge on Thursday that they were guilty. The guilty pleas by Adrienne Moton 34, and Sherry West, 52, leave seven defendants to be tried in the ... crimes that took place inside Dr. Kermit Gosnell's Women's Medical Society.... Gosnell, 70, could face the death penalty.... He is accused cutting the spinal cords of seven babies born alive at his clinic. He is also charged with the third-degree murder of Karnamaya Mongar, 41, a clinic patient who died in November 2009 from an overdose of drugs prescribed by Gosnell."

New York Times: "European leaders, in a significant step toward resolving the euro zone financial crisis, early Thursday morning obtained an agreement from banks to take a 50 percent loss on the face value of their Greek debt."

San Francisco Chronicle: "Seeking to cool the violent tone set by Tuesday night's street clashes with Occupy Oakland protesters, police pulled down barricades Wednesday near City Hall, dramatically reduced their presence and said they would allow nightly demonstrations in the area until 10 p.m. Hundreds of protesters responded Wednesday night by packing the amphitheater at Frank Ogawa Plaza, where they voted to hold a citywide general strike on Nov. 2, when workers and students will be urged to stay home to show support of the Occupy movement." AP story here. ...

... Oakland Tribune: "In what appears to be the first serious injury nationwide in the Occupy Wall Street movement, a 24-year-old Iraq War veteran lay in an Oakland hospital Wednesday night with a critical skull fracture, adding a new level of intensity in a mass demonstration that has swept the country and led to clashes with police. Scott Thomas Olsen, 24, of Daly City, was struck in the head above his right eye with a tear-gas canister during a massive confrontation Tuesday night in which protesters threw rocks and bottles at police officers who deployed tear gas and fired bean bags to disperse the crowd of about 1,000." ...

AP: "Young South Africans brought their frustration over poverty and joblessness to the streets Thursday, responding to a call by the tough-talking youth leader of the governing African National Congress who has clashed with older party leaders over economic policy."

AP: "A Palestinian official says the Palestinian president will meet with the leader of the militant Hamas movement next month to discuss uniting dueling governments in the West Bank and Gaza. The meeting will be the first between President Mahmoud Abbas and Hamas' Khaled Mashaal since they signed a surprise reconciliation agreement in May."

AP: "The wife of disgraced Wall Street financier Bernard Madoff says the couple tried to kill themselves after he admitted to his loved ones that he'd stolen billions of dollars in the largest Ponzi scheme in history."

Tuesday
Oct252011

The Commentariat -- October 26

I've put up a comments page on Off Times Square on Occupy protesters' recent battles with authorities.

Robert Pear of the New York Times: "The top 1 percent of earners more than doubled their share of the nation’s income over the last three decades, the Congressional Budget Office said Tuesday, in a new report likely to figure prominently in the escalating political fight over how to revive the economy, create jobs and lower the federal debt. In addition, the report said, government policy has become less redistributive since the late 1970s, doing less to reduce the concentration of income." CW: What could possibly be wrong with that? The report is here. ...

... ** Cheaters Always Win. Matt Taibbi of Rolling Stone ticks off a few reasons you're losing & banks are "winning." Well, the banks can't lose: they have a "cheat code." OWS protesters aren't jealous of bankers, as the right claims; they just bank bankers to quit cheating & play by the same rules we 99 Percent do. ...

... ** Kevin Carey in The New Republic: "THE STUDENTS IN ZUCCOTTI PARK are right to focus on the injustices of student debt: Many of them are indentured to the very banks that destroyed the economy and along with it the jobs students need to pay their loans back.... But much of the guilt lies with higher education institutions themselves. They have spent billions on vanity building projects, administrative overhead, and money-losing sports programs in order to compete for status and fame. Students and parents have been left with the bill."

I created much of the intellectual foundation for what they do. I support what they do. -- Elizabeth Warren, candidate for U.S. Senate, Massachusetts, on the Occupy protests ...

... Greg Sargent: "National Republicans are now attacking Elizabeth Warren for embracing the protests.... The conservative effort to turn blue collar whites and independents against the protesters and their broader populist message — exploiting a traditional cultural fault line in our politics — will now unfold in the context of a high profile political campaign." ...

... Meghan Barr of the AP: in cities across the U.S., neighbors, nearby workers visitors and city officials are sick of the noise, mess & unsanitary conditions at Occupy campsites. ...

... Prof. James Miller, in a New York Times op-ed, says Occupy's "fetishization of participatory democracy" may allow extremists to hijack the Occupy movement, as happened in the protest movements of the 1960s. CW: Miller is pretty dismissive of the protesters, but we did see this "democratic process" occur in Atlanta, where protesters decided not to allow civil rights icon Rep. John Lewis (D-Ga.) to speak. I watched video of the Lewis battle, & frankly, I thought the protesters were beyond naive & foolish. Their "reason" for not allowing Lewis to speak: some didn't want to privilege one person over others. Well, there was no reason others couldn't speak, was there? ...

Thanassis Cambanis of The Atlantic: Tahrir Square = Liberty Park, Manhattan? Not exactly.

Michael Hiltzik of the Los Angeles Times: Here's the headline & subhead: "Obama jobs plan vs. GOP proposal: No comparison, really. Obama's American Jobs Act would raise economic demand and boost employment, while Republicans' Jobs Through Growth Act would do little except protect corporate profits." Hiltzig writes, "The GOP plan is shot through with measures aimed at protecting corporate profits, including a cut in the corporate tax rate, attacks on the power of unionized workers, the repeal of financial regulations and incentives for U.S. corporations to repatriate overseas earnings. In job-creating terms, these are entirely beside the point.... One big element of the GOP plan ... is enactment of a balanced budget amendment. If that got passed during this period of economic strain, [an expert economist] said, 'it would be catastrophic.'" ...

... Mark Drajem & Catherine Dodge of Bloomberg News: "Republican presidential candidates have accused [President] Obama of stifling job creation by imposing rules on businesses, and House Republicans have vowed to rein in proposed regulations on everything from the environment to health care to banking." BUT "Obama’s White House has approved fewer regulations than his predecessor George W. Bush at this same point in their tenures, and the estimated costs of those rules haven’t reached the annual peak set in fiscal 1992 under Bush’s father, according to government data reviewed by Bloomberg News." ...

... Pat Garofalo of Think Progress: Mitt Romney's chief economic advisor Glenn Hubbard tells the Wall Street Journal & NPR that Obama's revamped mortgage assistance plan "could be a very big deal" and is "a good plan." Hubbard would like the plan, of course; it is based largely on his ideas. CW: let's see how Romney manages to twist this one.

CW: I've watched only Part 1 of Leno's interview of President Obama, & it's actually substantive. I'll check out the rest later:

Aaron Blake of the Washington Post: No, Barack Obama 2012 is not analgous to Harry Truman 1948: for one thing, the economy was improving when Truman narrowly won re-election.

David Rogers of Politico: "With time running out, House and Senate leaders are inserting themselves more into behind-the-scenes deficit talks, exchanging proposals and trying to help the so-called supercommittee avert the threat of a $1.2 trillion across-the board spending cut if no agreement is reached.... The level of activity goes well beyond what has been reported to date with Senate Majority Leader Harry Reid taking the lead in reaching out to Speaker John Boehner and Senate Minority Leader Mitch McConnell in a series of recent meetings. Rep. Jeb Hensarling (R-Texas) and Sen. Patty Murray (D-Wash.), the two co-chairs of the panel, participated in the closely guarded discussions last week, and Boehner Tuesday hosted a meeting in his office with both House and Senate Republicans on the 12-member panel."

Right Wing World

The Real Story Hiding behind the Border Fence. Both Republican David Frum & libertarian Conor Friedersdorf of The Atlantic say the GOP presidential candidates are outdoing each other with badder & badder border fence plans (Bachmann: build a double wall! Cain: electrocute some Mexicans!) as a base-pandering subterfuge: in fact, these pro-business Republicans are vehemently opposed to workplace enforcement -- a practice that would actually cut down on illegal immigration. Frum notes that: "Herman Cain [is] a past chief lobbyist for the National Restaurant Association, one of the most powerful of the anti-enforcement lobbies in Washington." Thanks to Haley S. for the link. Haley would "love to see someone challenge Cain's present 'electric fence' position and his work with the National Restaurant Association." CW: me too.

I don't care about that. -- Rick Perry, when asked about the millions in tax benefits his flat-tax plan would provide for wealthy taxpayers

Great for the Rich/Bad for the Poor. Catherine Rampell of the New York Times: "Gov. Rick Perry of Texas ... today released some details on his flat tax proposal. The plan would give Americans the option of determining their taxes based on an alternate system that has one tax rate and fewer deductions." According to the nonpartisan Tax Policy Center, "the highest-income households (at the 99th percentile) in every structure of family analyzed always benefit from opting into the Perry plan.The poorest households, on the other hand, do not. That’s primarily because the Perry plan, at least as currently described, does not seem to have refundable tax credits. The lowest tax liability a family can have under the family plan is $0, whereas under current law families that are poor enough can actually have a negative tax liability." With chart. ...

... "Thanks for Nothing." Clive Crook of The Atlantic states the obvious: besides the fact that Perry's flat tax isn't flat, "The comical thing is that this new tax would be voluntary: taxpayers could choose to be taxed under the existing code if they preferred. This is simpler? To know which code saves you money, you would obviously have to calculate your taxes under both systems. You or your adviser would still have to comprehend the "carve-outs that make the current code so incomprehensible". Maybe if you opted for the Perry tax you would be able to file on a postcard -- but before making that choice you'd need to do your taxes the old way first." ...

... James Pethokoukis of the American Enterprise Institute. Oh, and Perry's plan would raise much less revenue than is raised under the current tax code. ...

... Note to Perry:

Mitt Takes the Fifth. Greg Sargent: "Today, Mitt Romney refused to take a position on the big battle in Ohio over the ballot initiative to repeal Governor John Kasich’s law rolling back the collective bargaining rights of public employees. The fight is a hugely important one to conservatives, with right wing money flowing into the state, and conservative bloggers erupted in fury at Romney, asking how it is that he can be running for president when he isn’t willing to take a firm stand against the scourge of public employees." It now appears likely voters will repeal the anti-union law. ...

... BUT. He Was For It Before He Was Whatever. Jed Lewison of Daily Kos: "The really strange thing about Romney's decision to hedge this morning is that in the past he has explicitly endorsed at least one of the [two initiatives]." BUt again. Even though he wouldn't take a position, he was in Ohio specifically to thank Kasich volunteers. Read the details. Romney's pretzeling is beyong comprehension. ...

... AND That's Because.... Steve Benen: Mitt Romney does not have the courage to take a stand on anything that might rattle the crazies, like Rick Perry's new foray into birtherism: "Romney criticizes Perry comments all the time. But when Perry dabbles in unhinged conspiracy theories, the Romney campaign prefers to remain silent." ...

(... BUT. Pete Hamby of CNN: after Romney's refusal take a stand in Ohio, Rick Perry comes out forcefully against unions.)

... Mitt Romney, Avatar of America's Decline. Joe Conason in the National Memo: since Mitt Romney has had to disavow his experience as governor of Massachusetts, where his signature achievement was the GOP horror of universal health coverage, a/k/a RomneyCare, he has made his business acumen his qualification for the presidency. But at Bain Capital, Romney specialized in mergers & takeovers that "led to worsening economic inequality, executive recklessness, stock manipulation, and a laser-like focus on the short term -- in short, all of the ills that underlie American economic decline. Those same incentives have been trained on the political system to ensure decisions that benefit those same overpaid, seemingly sociopathic bankers and investors -- now known as the 'one percent.'" ...

... The Economist says Romney as capitalist superman was not as super as his admirer/detractor Benjamin Wallace-Wells claimed in the lo-o-o-ong New York Magazine piece I linked a few days ago.

Daniel Stone of the Daily Beast: "Herman Cain, the multimillionaire businessman who has made tax fairness a central part of his surging presidential campaign, missed paying his state income taxes for 2006 while undergoing treatment for cancer, prompting Georgia to file a tax lien against him that wasn’t settled until late 2008.... The Republican’s campaign ... portray[ed] the unpaid taxes as an oversight while Cain was undergoing cancer treatment and the state’s lien as an excessive response that shows the need for tax reform."

Michael Sheridan of the New York Daily News: a "strange Herman Cain ad" is found "hidden" on YouTube; Cain's campaign manager is featured smoking a cigarette:

... "This Is Herman Cain Boning up on Foreign Policy!" Prof. Daniel Drezner in Foreign Policy: "Every time I think I'm done picking on Herman Cain's absence of foreign policy thought, his campaign pulls me back in! ... This story clearly represents the Cain campaign's efforts to push back on the notion that he doesn't know enough about foreign affairs.  And so we get ... the following:

Almost every day, Republican presidential candidate Herman Cain is handed a one-page briefing from his chief foreign policy adviser on news from around the world....

      ... This kind of spin on Cain's foreign policy interest ... is just f***ing absurd."

... AND Herman Cain remains solidly pro-choice even in the same paragraph he says he's "pro-life from conception." Read his position(s) here. This has to be some sort of Acme of Double-Speak. Is there an award for that?

Unbelievable! Pat Robertson says the Republican base is pushing its presidential candidates to take positions that are "too extreme." For those of you unfamiliar with Robertson, he's a televangelist whom Marie Diamond of Think Progress describes as "one of the most radical, hate-spewing figures in America":

Alex Leary of the St. Pete Times has a recap of Sen. Marco Rubio's shifting story on the immigration of his Cuban parents to the U.S. Bottom line: Rubio's parents were a non-political couple who came to the U.S. seeking permanent residence in 1956. They were not political exiles who fled Castro's Cuba as Rubio claimed on his official Senate biography. Castro's revolution forces did not take over Cuba until January 1, 1959.

News Ledes

Boston Globe: "Alan Khazei, at one point favored to win the Democratic primary to challenge US Senator Scott Brown next year, is withdrawing from the race."

President Obama spoke on college affordability at in Denver today. Christian Science Monitor: "President Obama on Wednesday is launching a new plan to lower the cost of paying back student loans for millions of borrowers – the latest installment in his bid to move a jobs agenda that bypasses a gridlocked Congress. At nearly $1 trillion, federal and private student loans now exceed US credit-card debt, posing a formidable repayment burden for many borrowers at a time of near-double digit unemployment." ...

     ... New York Times Update: "President Obama on Wednesday ended a three-day Western trip that was heavier on politics than policy, rallying thousands of college students whose enthusiasm belied the struggle he will have to win this state again in 2012."

New York Times: "Federal prosecutors are expected to file criminal charges on Wednesday against Rajat K. Gupta, the most prominent business executive ensnared in an aggressive insider trading investigation, according to people briefed on the case.... The case against Mr. Gupta, 62, who is expected to surrender to F.B.I. agents on Wednesday, would extend the reach of the government’s inquiry into America’s most prestigious corporate boardrooms." ...

     ... AP Update: "A former Goldman Sachs board member on Wednesday surrendered to federal authorities to face criminal charges stemming from a massive hedge fund insider trading case. Rajat Gupta was taken into federal custody, but the charges were not immediately disclosed."

Oakland Tribune: "Occupy Oakland demonstrators clashed all over downtown Oakland on Tuesday night with police who lobbed tear gas at least three times in futile attempts to fully disperse the more than 1,000 people who took to the streets after the early-morning raid of the movement's encampment. The rolling protest came about 12 hours after hundreds of police from across the Bay Area rousted about 300 people from the two-week old camp at Frank H. Ogawa Plaza. Tensions escalated after protesters vowed to return to the plaza, which was left with tents overturned and food, carpet, personal belongings and mounds of trash strewn on the lawn."

New York Times: "New fissures and disagreements emerged on Tuesday on the eve of a European Union summit meeting promoted as the moment for agreement on a comprehensive solution to the two-year-old euro crisis. Crucial financial measures were left unresolved, and Prime Minister Silvio Berlusconi of Italy faced strong opposition inside his governing coalition to major changes demanded by the Europeans." ...

     ... AP Update: "The European Central Bank has loaned euro56.9 billion ($65.3 billion) to 181 banks for a year as part of its efforts to steady the banking system against the turmoil of the eurozone debt crisis. The 371-day loans announced Wednesday give eurozone banks a chance to lock up all the funding they want for longer than the usual 3-month maximum and reduce uncertainty about their finances."

AP: "NATO postponed a definite decision to end its bombing campaign in Libya as consultations continued Wednesday with the U.N. and the country's interim government over how and when to wind down the operation. Last week, the alliance announced preliminary plans to phase out its mission on Oct. 31. NATO's governing body — the North Atlantic Council, or NAC — was expected to formalize that decision Wednesday."

AP: in Seoul, South Korea, "U.S. Defense Secretary Leon Panetta on Wednesday called North Korea a 'serious threat' and told U.S. troops that the Pentagon will strengthen its presence in this region to guard against North Korean provocations."

AP: "The last of the nation's most powerful nuclear bombs — a weapon hundreds of times stronger than the bomb dropped on Hiroshimais being disassembled nearly half a century after it was put into service at the height of the Cold War. The final components of the B53 bomb will be broken down Tuesday at the Pantex Plant near Amarillo.... The completion of the dismantling program is a year ahead of schedule ... and aligns with President Barack Obama's goal of reducing the number of nuclear weapons."