No DC earthquake today, so it was really boring…
• Treasury has no idea where the New York Times got that number, $22.9 billion, to describe how much of their TARP money has been pledged or committed for housing. They put it at more like $12 billion (out of an initial $50 billion commitment). And they plan not to use the rest, putting it back toward the deficit. That kind of says it all.
• Official statistics are showing a reduction in the growth of Medicare spending, an actual bending of the cost curve. It’s early, but it’s somewhat promising because the reduction in spending is not accompanied by a reduction in quality of care. Peter Orzsag says that health IT and better hospital administration are among the reasons. Of course, the implication is that moving more people into Medicare would be the trick to reduce overall spending.
• California may be a real leader in the next steps on health care. In addition to passing a rate review bill through the Senate Appropriations Committee (although the Governor’s office may not be on board), a consumer group wants to put together a ballot measure that would massively roll back insurance rates and add a public option.
• We’ll see a story about the “good progress” from the Catfood Commission II every day between now and November.
• Libyan rebels continue to fight in the final pockets of Tripoli, amid reports of scattered bodies, victims of atrocities. The rebels claim those corpses died at the hands of Gadhafi’s forces.
• As I understand it, the long-term unemployed job training program the Administration proposed would not preclude those long-term unemployed from getting UI benefits, In the Georgia version, they get an extended stipend, I believe. But obviously, creating a free labor program for businesses is concerning.
• HHS is well behind in figuring out the CLASS Act, about a year behind schedule. This public long-term care insurance program is on the chopping block.
• Mitt Romney is going to crazy base land on climate change, but regardless of what he believes, he’d never do anything about it, so I don’t see why it matters.
• There’s no Texas miracle, there’s a Great Plains miracle. And it’s more of an oil and gas “miracle,” which isn’t much of a miracle at all.
• A counter-intuitive take on Bank of America.
• Another article about the multi-day protest at Paul Ryan’s district offices.
• What do you know, welfare recipients in Florida are mostly not drug addicts!
• The special prosecutor looking at the David Prosser choking incident in Wisconsin decided not to press charges.
• Initial jobless claims spiked again, and even though some of it is due to the Verizon strike leading to people filing for unemployment, it’s still a bad sign.
• Jon Huntsman thinks the rich should sacrifice, but not, you know, by paying more in taxes or anything.
• I think Cheney’s biography is actually just a map with a bunch of crosshairs on it. But this is the best part: “And in the epilogue, Mr. Cheney writes that after undergoing heart surgery in 2010, he was unconscious for weeks. During that period, he wrote, he had a prolonged, vivid dream that he was living in an Italian villa, pacing the stone paths to get coffee and newspapers.”
• Elizabeth Warren got her first union endorsement, and it was unsolicited.
• Rick Perry tried to run the dead peasant’s insurance scheme on Texas retired teachers.
• Good Lord, what a terribly wrong quote from German finance minister Wolfgang Schäuble.
• JPMorgan was fined by Treasury for trading with the enemy.
• Being a Congressman is hard, I tell you, hard! Maybe we should ask immigrants to do it, because it’s a job Americans just won’t do.
• More invisible town hall revolution madness here and here, including a victory against Steve Chabot.
• Virginia is the latest state to try a back-door abortion ban.
• I hate Polish Spiderman.
• If Moammar Gadhafi were just a taxi driver in New York, he could have just started a CondiBlog and been done with it.
• Three words you don’t want to hear about your company’s founder: “New Nazi claims.”




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About FDL News Desk
S&P Downgrade Prompts $1 Trillion Stock Loss More here.
And you’ll love S&P’s action on the DC-NY earthquake
NYPD confirms CIA officer works at department
But it’s only in “an advisory” role. Feel better now?
Turns out the “counter-intuitive” argument for BofA surviving isn’t so big on BofA surviving. After outlining all the reasons for BofA to survive (mostly built around its TBTF status) the author then goes on to list six reasons he “could be wrong”.
Mobile AL’s Press-Register reporters went out on a boat Tuesday to see if there was evidence of the BP Deepwater Horizon was again leaking. They found evidence. However, BP said “We stand by what we said last week, neither BP nor the Coast Guard has seen any scientific evidence that oil is leaking from the Macondo well, which was permanently sealed almost a year ago.” So there.
Bernie Sanders has introduced a bill to lift the payroll tax cap on FICA.
Just imagine the results if drug testing (including for alcohol) were mandatory for that FL governor, the legislature and heads of all state agencies. I wish.
Hahahahahaha.
Great flashmob outside Bachman’s “clinic”.
Orzag is waaay out on a limb attributing slowing Medicare growth to heath IT and “better management”. No one has ever shown either of those things save money. Much more likely this is related to economic conditions (which depress utilization and reimbursement rates) and changing demographics of the Medicare population–with more health boomers coming in.
Some kind of job retraining program is needed, if only to keep the long-term unemployed productive. There’s little evidence that job retraining helps in most situations, but this is kind of a special case.
Here’re some examples of what’s needed–updated appropriately to our current situation, of course.
The Mirror, Mirror Effect: Republican Journey in the Land of Opposites
It’s as though every time Republicans are presented with an obviously meritorious course of action, they will intentionally and with great aplomb choose the opposite. If a secular republic is the best system of government, Republicans will seek instead an autocratic theocracy. If the right to marry will promote happiness, Republicans will oppose it. If careful diplomacy and coalition-building will excise a dictator, Republicans will propose unilateral blustering and all-out war …
Article:
The Mirror, Mirror Effect: Republican Journey in the Land of Opposites
Daym, Mt. Dayen, do you ever sleep? This is a bunch o’ good reading. Thank you.
Mornin’, DD (I know you ain’t here this mornin’), pups
The numbers game.
The hat you like is called a kufi. Found some links but I’ve seen more colourful around. You’ll just have to search around, methinks. *g*
http://muslimbookmark.com/gifts-kufi-mens-caps-hats-c-116_121.html
http://www.shukronline.com/mens-hats.html
http://www.wilsdom.com/store/page32.html
Actually, we keep the real David Dayen locked in the basement. Nothing but cheese sandwiches. His four brothers do the reporting. Good kids. 9, 12, 13, and 16.
Good morning pups and thanks for the roundup DD.
*g* This coming from someone who knows firsthand about being locked up in similar conditions.
You are a good man, Mr. Scarecrow.
And you, Mr. Dragon, have a penchant for research, much to the benefit of your friends.
Thanks, can’t wait to explore those links. I have a small collection, but you know how it is with collectors……especially those of us like me who tend to have these manic streaks. Watch your wallet.
Good Morning All
Those hats are cute, but they don’t look much different than the beanies that almost all the younger people around LA wear. And, I mean all the time, even when it’s over 100.
Been real hot all week, but at least my ‘maters are ripening. That’s a good thing.
If you want to start a diet easily, read about Rick Perry and the Dead Peasant scam, provided above by the forementioned Mr. Dayem.
I’m not remotely interested in eating after reading about that maggot. (Perry, not David) :)
When you said beanie it reminded me that in my freshman year of college, waaayyy back in 1970 we had to wear beanies the entire time we were on campus.
I don’t remember if they had the little helicopter wings on top.
WMNF did an interview with Marty Balin, founder of Jefferson Airplane, last week that they’re replaying this morning. In 69 the Airplane bought a mansion on Fulton St in SF. Balin found some footage of the band at the mansion and is putting together a short film of their stay there. He told Jorma, “Look at us, we were so young and good looking.”
Yeah, so were we all. *sigh*
Balin lives in the area and plays in small venues all the time.
Here is a sad but poignant story from the Des Moines Register about a dog’s devotion to a fallen soldier.The accompanying photo is extraordinary.
http://www.desmoinesregister.com/article/20110826/NEWS/308260040/Late-Navy-SEAL-s-dog-is-picture-of-devotion?odyssey=tab|topnews|text|Frontpage
the Dead Peasant scam abounds in corporate america — with Wal Mart being the most high profile of the scammers – perfectly legal doncha know
Oh, ha. Was it a private college, Om? I’ve never heard of a hat code before.
And, for people not old enough to remember, here’s Beanie and Cecil.
I lived at the DC Public Library as a kid. I can prolly use a card catalog faster than a computer searcher.
I saw that yesterday. Brought tears to my eyes.
I didn’t realize people could stoop so low. Silly me.
Check your morality at the door, please….
Not any more. Most states have changed their insurance laws so corporations can’t do this any more. Florida did after Wal-Mart’s practice came to light.
The problem with a big emphasis on job retraining is that it supports the contention that unemployment is primarily structural. Barry has wanted to go in this direction for a while. Krugman has shown that our current problem is NOT structural; it is caused by a deficiency of demand. Job retraining will NOT solve the problem.
As the election approaches, watch for an increasing administration emphasis on our problem being “structural.” This false argument shifts the blame from Barry doing nothing to an argument that there’s nothing he can do in the short run. And the veal pen will gladly pounce on that argument to get him re-elected.
What a great graphic! I would love a decal of that for my car.
I used to have a mad crush on Sherman from Peabody and Sherman. Probably had a crush on Peabody, too.
It had been private until the year before, so the beanies were a holdover. I don’t think they lasted too long.
Now that’s an image….
Won’t be a bad skill to have, after the Fall.
Let’s all band together and form our own community. With the skillsets represented at the Lake, we could have a pretty self-sustainable society.
thanks. I remember some momentum in favor of doing away with it
Tears to my eyes, as well.
Hard to see, but important to remember. Thank you.
There was a time, years ago, we used to talk about forming an FDL commune. We could self sustain. I’ll bring music and tomatoes. *g* Oh, and humor.
And the sweetest nature of all of us. I want to live next door to you.
I’ll have to think about what I could contribute. Probably animal care. And I don’t mind hard work like the mucky parts.
Speaking of tears, my sil passed away last night. As I was consoling my husband, I borrowed your Rainbow Bridge image. His father had died 4 years ago and I told him that dad was waiting for his sister at the bridge, with his hand out. She’s not in her wheelchair anymore, and they are dancing, waltzing, skipping and running. (sigh)
You’re too kind. You just haven’t known me long enough. Trust me, I have my moments.
So sorry for your family’s loss. Losing a sister is one of the greatest sorrows.
The Bridge image must surely have been comforting.
(((demi & Mr)))
SD, I know cats are your true love, but do you know the little book “Dog Heaven” by Cynthia Rylant?
{{{demi and Mr. demi}}}
I just finished a wonderful memoir, Dog Years by Mark Doty. He had adopted a second dog to help his partner when he was terminally ill. He’s a poet and a professor and the book is a wonderful look at life and death.
Demi, so sorry for your loss. E hugs to you.
I appreciate the condolences, everyone. It’ll be a tough time for a few, but it helps to have friends and good wishes.
Off to swim in the great capitalist cesspool.
US KIA Afghanistan: 1,747
US KIA Irak: 4,474
Iraki, Afghan and Pakistani casualties: estimates vary to over 1.5M
US MBS 2011: 29,388 and counting
Here Comes the Rain Again
No war but class war
Be good to yourselves, and all other living things
Namaste
Never. Give. Up.
demi, do you have some favorite tomato varieties?
Not really. Mostly the kind that grows. I’ll eat Romas or Hot House or Heirlooms. Home grown taste the bestest.
heh, home grown that taste like tomatoes
I miss the really acid-y ones. Can’t find any.
We grew some heirlooms a few years ago. Black Crim was my favorite, although it looked like pluperfect hell.
Sheep manure makes the best fertilizer.
Heh, heh. I could probably use some of that today.
Maybe I’ll make a phone call.
Peace….isn’t that a great image. Hugs, Demi.
Those lying eyes, again.
Thanks, baby. Well, for someone who suffered Cererbral Palsy her entire life, was totally dependant on others, I just imagine her free, free, free.
Right now we’re most concerned about MIL who has spent 54 years taking care of her girl. Big change for her.
Georgia’s governor is also floating the idea of having prisoners do stoop work for the farmers in South Georgia left without immigrant labor– run off by the draconian state immigration law. That fits right in with Georgia’s history and slavery’s descendant the Chain Gang. Prison labor with the pay going to the private prisons or the local Sheriffs. Why not just cut out the middle man and let the businesses own workers like property…. errrrrrr?
And the $$ wasted: http://costofwar.com/en/
I wasn’t thinking of that kind of home grown. Thinking purely tomatoes. *g*
The original Beany and Cecil. A Time for Beany.
With Bob Clampett, Daws Butler and Stan Freberg.
Thanks for the link.
Drought news in TX just getting worse…stories of all the cattle being sold (All) b/c no more water…..Haven’t heard a Perry comment…
My hugs too to you Demi.
bye, pupses. Have a good weekend, everyone.
ohmmmmm
I remember seeing chain gangs working on the road in front of my house in VA when I was 12-13.
Good morning fellow mortals. I honestly don’t know why I keep reading this stuff, tbh. While it’s very informative, reading all this makes me want to find a cave far, far away from the “civilized” world and never come back.
Given the recognition of the TNC as the legitimate government of Libya by the Arab League and possibly today the African Union, at what point do we start talking about the rump Gathafi forces as the “rebels”?
And those coalition troops slaughtered by year and nationality.
http://icasualties.org/oef/
Don’t give them ideas. There are conservative libertarian purists who say that since having an employer is like them renting your labor under a conditional contract, why shouldn’t people be able to sell their labor in a long-term contract? If that isn’t the whole Edward Rutledge, what is?
That’s where I get the figures I post each weekday.
The more things change the less they change. I heard of an area mill owner just the other day saying he made his business thrive because he knows how to handle “his n—rs”.
While Obama wants to do away with the tax altogether….make sure SS doesn’t make it. they can, with straight faces, then say it’s “broke”
The caves are taken. Better look for a good refrigerator box before they’re all gone too.
as we all now know, owning a refrigerator means you’re not “poor”.
So true….but I just noticed the picture at the top….things that give hope and keep us keeping on, I guess.
A refrigerator box? Surely such a life of luxury is beyond the reach of mere mortals such as I.
Cats act adorable like that so we’ll lower our guard and ease their eventual domination of our race.
There are still mill owners in America? Who knew?
Well, good for Senator Sanders…but too bad he gives Obama credit for something that Obama-as-president has apparently abandoned:
Sanders: In fairness, I can’t take credit for this legislation. It is exactly what Barack Obama proposed to do when he campaigned for President back in 2008.
I get so weary of these politicians pulling their punches because, in effect, they dilute their message. Bernie should be jabbing Obama, making demands, instead of being such a pussy. Obama has no inclination to push to raise the FICA cap — he’ll just yak about extending the current “tax holiday” cut to SS, in an effort to destablize it.
Bernie, go to your room!
There is on right here and she has definitely succeeded….Yes, mam, I say.
Oh, but we’re ever so much better looking now!
But . . . but . . . but . . . Rick Perry actually prayed for rain. It didn’t come?
Could it be that no one listens to him….Just maybe ;)
Just one in many reasons to end Obamas fucking wars.
Why is it necessary to promote a “counter-intuitive take” on a bank that is too big to exist?
Why promote an article from an investor in a bank that is parasitizing our economy and destroying families? They don’t just do it casually either, they are professionally inept because that’s where the money is.
DD, if you want a counter-intuitive and smart take that does justice to the big finacial terrorist bankers, you can’t go wrong giving max keiser some attention.
I have no empathy for people who choose to invest in criminal enterprises. F8ck em and shame on you for promoting such a thing. Otherwise much love, but still, utterly ridiculous carrying water for a destroyer.
He forgot to specify where, maybe?
You have time to actually watch Polish Spiderman, or does the membership drive pay for an intern to do it for you?