Gonna save a couple stories until tomorrow. For now:
• Leaks are everywhere that the AARP will endorse health care reform tomorrow. They’ve scheduled a morning press conference to make an announcement. Having the leading senior organization on the bill will be a big win for Democrats, particularly to tell their more nervous members that seniors won’t abandon them if they vote for this bill.
• Will Harry Reid let health care slip past the end of the year? I doubt it, he immediately retracted the comment.
• Chris Dodd has given up on bipartisanship and will bring a financial reform bill to the Senate Banking Committee without the support of Republican ranking member Richard Shelby. The bill does not give the kind of responsibilities to the Fed that the White House and the House sought, and would represent a more aggressive shift to stronger regulation. Meanwhile, competing committees in the House are scuffling about some provisions in the bill, particularly over the Consumer Financial Protection Agency.
• Zachary Roth has a great story about another “pay-to-play” media/industry “salon,” this one between Newsweek and the oil lobby.
• A big story out of Italy, as a court convicted 23 former CIA agents for their role in abducting a terror suspect off the streets of Milan and “rendering” him to a third country. However, the agents were convicted in absentia, and the top Italian officials who aided the rendition were acquitted (because of state secrets, no less), with some lesser officers going to jail instead. As Kevin Drum said, this isn’t quite a triumph of legal jurisprudence.
• Jay Rockefeller is fighting very hard on the topic of “medical loss ratio,” the percentage of coverage that insurers put toward actual medical care. He believes they’re cooking the books and over-counting their loss ratios, and he wants strong legislation to stop it in the new reform bill. Similarly, Tom Harkin wants insurers to give up information about premium increases, and is threatening a subpoena. The war between Congress and the insurance industry continues.
• The final installment in McClatchy’s four-part series on Goldman Sachs is out. Meanwhile, Corzine’s loss brings into focus the track record of former Goldman execs in politics. It’s not pretty.
• A new report shows that Wal-Mart may be contributing to the swine flu by forcing its sick employees to work. I wouldn’t limit it to Wal-Mart – our bad labor policies that allow no mandatory sick days are universally bad for public health.
• That judge in Louisiana who refused to grant a marriage license to an interracial couple? He resigned. Good thing anti-miscegenation laws weren’t put up for a popular vote, or we might not have interracial couples in some states, either.
• It would be nice if the major progressive victories in Washington state last night got a mention in the national media.
• OMG, ACORN might run the insurance exchanges! So says David Vitter.
• The British government is downsizing some of the banks they bailed out. Timothy Geithner, take note.
• Warren Buffet is buying up railroads. He’s making a bet that freight rail is more efficient and actually a boost on battling climate change – believe it or not, it is.
• Michele Bachmann has a tea party rally scheduled at the Capitol tomorrow, but her chief of staff won’t be there. She resigned today. One lawmaker remarked, “When your captain’s crazy, it’s time to find a new ship.”
•



10 Comments


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About FDL News Desk
helluva tab dump there, sparky *g*
FYI, Congressman-to-be John Garamendi is a marriage equality supporter, so there’s that.
David, your headline re the UK and banks should reflect the reality; it’s not ‘downsizing’ but breaking up the banks; “The British government announced Tuesday that it will break up parts of major financial institutions bailed out by taxpayers”.
As towards AARP, it is but a front for the insurance companies and derives most of it’s income from it’s arrangements with these companies. And I can tell you from personal experience that they are often not honest on their website about what it is they are pushing.
While most of the rest of us have seen or are fearful that our pensions will disappear, top executives in the US have seen their pensions rise by 19%, with 200 of them having an increase of over 50% in their pensions.
Grrrrrrrrr. LINK.
They supported that stupid Doughnut Hole. Worse yet (depends on your point of view, of course) they put Kindasleazy Rice on the cover of their pub once, which said it all for me.
DId you see this (I linked to it earlier today over at Emptywheel’s place)? The banksters over in England are actually twisting Jesus’ teachings to say they are supportive of all the great excesses the banksters enjoy. I still have a headache from that one.
LINK.
Thanks David enjoy ur post.
Chris Dodd and Barney Frank are both in the pocket of the financial industry. If you look at the broader picture of financial reform, both are toeing the industry line fairly closely.
I have refused to join AARP because of their support for the Big Pharma welfare program they helped the Republicans pass during the reign of Bush the Lesser. As the AARP has always been a notorious ass-kisser of the party in power, it should have been expected.
Even if it is just more of AARP’s usual sucking up to the powerful, though, I may rethink my position and join up if for no other reason than the Teabaggers are sure to quit them.
I do very much like the idea of the Senate subpoenaing the books of the medical insurers, and subjecting those books to forensic audits. This is a can of worms that really needs to be opened. It will be lethal to the companies.