Programming note: I’m on Virtually Speaking Sunday on Blog Talk Radio and in Second Life tonight at 9pm ET/6pm PT. You can listen here.
• The base problem is real, according to PPP’s Tom Jensen. And maybe it will fade. But the thing that we know will not take care of itself is 9.1% unemployment, which is likely to rise at some point between now and the election. So the White House can choose to make excuses about that, or they can use all means at their disposal, particularly those where John Boehner has no input.
• The last sentence of the above bit is crucial, since Republicans will simply not agree to a single thing proposed by the President that may create jobs, even accidentally.
• Bashar al-Assad was pretty defiant in a nationwide address, refusing to step down and casting Syria as strong. He’s buttressed by the fact that major international players don’t want him to leave, like Russia. Protesters have been buoyed by the call from Western nations for Assad’s ouster, however, and the fall of Gadhafi will probably have the same effect.
• The Moody’s whistleblower should be a big deal, but I get the sense that Washington remains afraid of the rating agencies.
• Scott Paul of the Alliance for American Manufacturing has some ideas for job creation. The most promising is fighting currency manipulation in China. It’s the biggest thing we can do for domestic production. Sending Joe Biden to China facilitated a temporary increase in the yuan: Operation Buy Joe Biden An Apartment in Beijing should begin Monday.
• The similarities between this Hoover speech and where Obama has been over the past several months is fairly undeniable. Via.
• Bernie Sanders released information on oil price speculation from Wall Street. This doesn’t get nearly enough attention. Cracking down on speculation is another one of the biggest job creation measures we could do right now, to the extent that it would lower oil prices.
• The Invisible Town Hall Revolution reaches The Hill, finally. The traditional media is finally catching up to this.
• I was under the impression that Iraqi deaths alone were in the low- to mid-six-figures, but seeing as Iraq Body Count puts it at more like 102,000-111,000, perhaps this study about less annual deaths from war in this century is accurate. I certainly hope so.
• Surely you know by know of the arrest of Jane, Scarecrow, Dan Choi, Bill McKibben and others, 65 in all, at the tar sands protest in front of the White House. Major media coverage here. The climate movement is picking these tactics up from the LGBT and immigration movements, that much is clear.
• The Manhattan DA is likely to drop the charges on Dominique Strauss-Kahn in the next couple days. Not a surprise.
• Jared Bernstein has a nice summary of the BofA settlement and the Schneiderman/Biden pushback on it, including a too-generous shout-out to me.
• Prepare for cognitive dissonance: a man who heroically saved a 6 year-old from a kidmapper happens to be an undocumented immigrant.
• If John Kasich thinks he’ll succeed at staging theatrical events to weasel out of the big thumping he’s going to take from the labor movement in November, he’s wrong.
• Get ready for the age of no retirement.
• Latino demonization in the Deep South.
• Joe Berlinger and Bruce Sinofsky had already finished the third installment in their “Paradise Lost” series about the West Memphis Three; it has a planned screening at the Toronto Film Festival in September. They’re going to retool the ending.





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• There was a lot of uncertainty about Iraqi civilian casualties in the past. But the Iraq war logs are clearing that up. Yet another reason why Bradley Manning is such a horrible evil person. /s
• Congrats on the shout-out from Bernstein.
• Hats off to Jane and the gang for putting their freedom on the line for what they believe in. If my job didn’t have me by the balls (pardon my language) I’d be out there too.
• Damn those kidmappers, always trying to map kids and shit.
US-based multinationals want Congress to ok their hiding facts from the world. Think we “little people” could get Congress to reinstate all facets of our 4th Amendment?
“Some of the country’s best-known multinationals closely guard a number they don’t want anyone to know: the breakdown between their jobs here and abroad.
“So secretive are these companies that they hand the figure over to government statisticians on the condition that officials will release only an aggregate number. The latest data show that multinationals cut 2.9 million jobs in the United States and added 2.4 million overseas between 2000 and 2009.”
And who’s surprised they don’t like Schneiderman since he won’t cave to TPTB?
“Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure practices, according to people briefed on discussions about the deal.
“Eric T. Schneiderman has objected to elements of the settlement for months.
In recent weeks, Shaun Donovan, the secretary of Housing and Urban Development, and high-level Justice Department officials have been waging an intensifying campaign to try to persuade the attorney general to support the settlement, said the people briefed on the talks.
“Mr. Schneiderman and top prosecutors in some other states have objected to the proposed settlement with major banks, saying it would restrict their ability to investigate and prosecute wrongdoing in a variety of areas, including the bundling of loans in mortgage securities.
“But Mr. Donovan and others in the administration have been contacting not only Mr. Schneiderman but his allies, including consumer groups and advocates for borrowers, seeking help to secure the attorney general’s participation in the deal, these people said. One recipient described the calls from Mr. Donovan, but asked not to be identified for fear of retaliation.”
Illegal Hero: What a concept.
what is a kidmapper?
You think that screaming kid on the plane gets seated next to you by accident?
i hate kidmappers. there’s no reason to map out little kids, nobody needs a graphic representation of topographical occurrences of a child, especially to scale and with a north/south compass included!
Which means get ready for the age of continuing high unemployment.
With a ready pool of 70+’s and foreign students on un(der)paid `cultural exchanges’,
why would any US employer ever hire an 18-65 year old?
I think it’s more like the age of forced retirement, ready or not. Companies will always preferentially hire people in their 20s and 30s who they can pay less, put on a treadmill, and brainwash with their “corporate culture.” If you’re older than that and lose your job, congratulations you’re retired.
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