Just got a new slow cooker, so need to run out for potatoes to add to my chicken dish, which I have to plan now, because it’s a slow cooker.
• With the open amendments process on the House continuing resolution, Democrats were able to stop some cuts to police and firefighter programs. Nancy Pelosi praised that action but said that the CR “would still destroy 800,000 private and public-sector jobs.”
• Yves Smith has responded to both the CAP GSE reform proposal and the Treasury Department’s white paper. She doesn’t like either, but I was under the impression that Treasury picked up on John Hempton’s plan to raise fees for GSE guarantees gradually, which Smith wholeheartedly supported previously. And she also seems in sync with Treasury’s plan to raise the down payments on mortgages to at least 10% on conventional loans. The problem with Treasury’s “plan” is it’s not a plan but a framework, so it’s hard to critique.
• Democrats keep chasing the shiny object of LIHEAP cuts, ignoring the other social services cuts in the budget.
• Keep an eye out for US Uncut, the analogue to the successful anti-austerity movement in the UK. They’ve really just started so there’s not much there yet.
• Matt Taibbi has another great piece in Rolling Stone on why nobody on Wall Street has been to jail. But it could have been a short blog post:
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.
“Everything’s fucked up, and nobody goes to jail,” he said. “That’s your whole story right there. Hell, you don’t even have to write the rest of it. Just write that.”
End of story.
• In addition to wanting to limit the CFPB budget in the Federal Reserve, House Republicans want to put CFPB back in Treasury so they can better control annual appropriations. Wait a sec. If they feel like they have to do this, aren’t they implicitly conceding that they cannot impact the annual appropriation of CFPB if it’s in the Fed, which they’re trying to do in the 2011 CR?
• More clashes in Yemen and across the Muslim world today, as the (outgoing) Secretary General of the Arab League, Amr Moussa, says that Arab nations shouldn’t fear the uprisings. That’s easy for him to say, he’s in line to become the new leader of Egypt. On this point, Graham Fuller has an excellent op-ed about Bahrain, US interests, and how they don’t align with anything resembling freedom or democracy.
• Consumers saving more is prudent for the long-term in this you’re-on-your-own society, but in the short term it really does stall recovery. Maybe we should make the safety net better to reverse this trend.
• If the US government is one big insurance agency with a standing army, then they should insure against climate change, too.
• The Fed predicts higher GDP growth in their monthly forecast, but the same jobless rate. We’ve seen this movie before.
• This lawsuit against BofA and Countrywide could be formidable. It has to do with faulty appraisals as well as bad securitizations.
• For-profit colleges and their super-rich lobbyists keep fighting government regulations and may even succeed. Someone should mention that one of their lobbyists, Lanny Davis, recently defended a war criminal in Ivory Coast just as his forces were committing atrocities.
• Mark Bittman wonders why GMO foods aren’t labeled, let alone blocked from sale.
• Hard for the US government to get all high and mighty about Internet freedom abroad when they want to access personal details of Internet users here at home.
• Could we actually see habeas challenges from Bagram, and thanks to the federal judge who worked under Ken Starr in the Independent Counsel’s office, no less?
• I can see this story about the ICE agent shot and killed in Mexico becoming a big deal stateside.
• John Boehner’s claim that the federal workforce has increased by 200,000 since Obama took office isn’t even close to being true.
• The lawmaker who wrote the “justifiable homicide” bill against abortion providers in South Dakota is backing off, but mainly because people are watching.
• At this point, 150 years beyond the formation of the KKK, I think it’s safe, Haley Barbour, to denounce the founder. Of course, he doesn’t want his bread and butter Southern racist base to be offended.
• Representatives for the Villagers in Ecuador will not stop pursuing Chevron until they get the money owed to them for pollution cleanup.
• The Financial Crisis Inquiry Commission report is a best-seller. Why is that? I downloaded it for free.
• The Sea Shepherds rock. They stopped a whale hunt today.
• Justin Bieber loves Canadian single payer health care. He’s also anti-choice, so don’t get too excited.
• Actual amendment to the budget from a House Republican: save money by taking away Obama’s TelePrompTer! Face!
• Man-on-dog Rick Santorum has a Google problem. Yay, Dan Savage!




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According to the Southern Utah Wilderness Alliance, the Continuing Resolution
to be voted on tomorrow in the House is loaded with anti-environmental goodies.
Oh, man, “transparent and efficient public institutions” and “firms that demonstrate the utmost ethical behavior”! If only that would happen here.
Sweden overtakes the US in competitiveness
“Sweden benefits from the world’s most transparent and efficient public institutions, with very low levels of corruption and undue influence and a government that is considered to be one of the most efficient in the world, the report stated.
“Private institutions also receive excellent marks, with firms that demonstrate the utmost ethical behavior (ranked 1st), strong auditing and reporting standards, and well-functioning corporate boards. Goods and financial markets are also very efficient. ”
LINK.
Libya is definitely in the domino line-up:
Libyan police stations torched
Clashes reported across the country, as security forces and government supporters confront demonstrators.
LINK
You were right about Watson. It can buzz in too fast. In the next iteration of this competition Watson should signal a human intermediary who will then push the buzzer.
There’s also no excuse for it not having some basic speech recognition. At least install Dragon on the darn thing so it doesn’t repeat the same wrong answer as the last guy.
Setback for Mortgage Investors in US Appeals Court
Accurate valuations are for little people.
Good piece by Matt Taibbi at Rolling Stone. But I think he casts his net too close to the boat and misses a school of large fish lazily swimming nearby.
The culture of impunity he describes is not limited to the SEC and DoJ’s too cozy relationship with Wall Street financiers. Under Bush and now Obama, large corporations nationwide have carte blanche to ignore a raft of laws: environmental, anti-trust, workplace rules and other protections for labor.
All of that is above and beyond favors explicitly granted to industries and individual companies, such as oil, mining and timber concerns that take resources from public lands and pay taxpayers a pittance for the resources that make them billions. Just as, BTW, the FCC allows (by not regulating) telecoms to use customers personal information and make billions from it, over and above what they charge for cable, etc.