Let’s put this one in the books:
• There’s more detail here on Treasury ending some taxes on foreign multinational profits. Needless to say, the idea that the tax offsets in the jobs bill reveals a newly liberated White House ready to take the wood to corporate America is undercut by this trial balloon.
• Corporations, by the way, were already pressing the Super Committee to “go big” on deficit reduction, so if that tax trigger from the jobs bill comes to pass, expect even more lobbying.
• Europe continues to lurch through crisis. Krugman gives his thoughts. Brad DeLong calls European central bankers “reputationally-bankrupt zombies gambling for resurrection.”
• Housing definitely got ignored in the American Jobs Act, although since that bill won’t pass, and since FHFA seems a bit more compliant on refinancing, housing might be the only part of the plan announced last week to get enacted.
• Tim Pawlenty endorses Romney. Bobby Jindal endorses Perry. The endorsement primary has begun, and there are only two competitors. Perry, by the way, is seen right now as the most electable candidate.
• Krugman doubles down on his 9-11 comments. And he reminds people that he said all this stuff in real time, a fact about which he says “there’s nothing I’ve done in my life of which I’m more proud.” This is all just a witch hunt, anyway.
• Beau Biden is sticking with Eric Schneiderman and a full investigation of the banks’ mortgage securitization practices, even though his home state of Delaware is full of bank-worshipping politicians of both parties. It says something about him.
• The entire coral reef ecosystem will be gone by the end of the century, because of climate change.
• Stephen Walt on Iraq – “Who do we think we’re fooling?”
• There was an explosion at a French nuclear plant today that killed at least one. So far there’s no indication of a radiation leak.
• In case you didn’t know, Jared Bernstein supports chained CPI. He obviously thinks that the problem with Social Security is that it’s just too damn generous.
• Health insurance denials in the individual market, for things like pre-existing conditions (which will be banned in 2014 under the Affordable Care Act), are nearing 20%.
• Bank of America, still trying to get small enough to fail, announced they would cut 30,000 jobs by 2014. The stock barely budged on the news.
• David Weprin will lose tomorrow’s special election in the outer boroughs of New York, a heavily Orthodox Jewish area, even though he’s significantly to the President’s right on Israel.
• Bob Woodward breaks with convention and dares to criticize Dick Cheney.
• Mitt Romney bashed the NLRB today for daring to do their jobs and uphold established labor laws.
• The primary between Mazie Hirono and Ed Case for US Senate in Hawaii probably reflects the widest gulf between progressives and neoliberals in the country. Good thing that Hirono has the implicit backing of the two current Hawaii Senators.
• Sabrina Stevens Shupe notes that Michelle Rhee’s organization Students First hasn’t bothered to mention the American Jobs Act, despite the multiple measures that would go to education. When all you have is a fire-teachers and charter-school hammer…
• Gabrielle Giffords will sit for her first interview with Diane Sawyer on November 14.
• We’re up to 2,600 deaths from state-sponsored violence against protesters in Syria.
• Covering for Rick Perry, the Texas Attorney General basically shut down a commission investigation into Cameron Todd Willingham’s wrongful execution.
• As soon as the civil war between rebels and the regime ends in Libya, the civil war between rebels and civilians will begin.
• America actually has a relatively small small business sector. I blame big-box retail.
• Doonesbury is cross-promoting with Joe McGinniss’ new Sarah Palin book.
• George W. Bush was never more nervous during his entire Presidency, a Presidency that included two wars, 9-11 and a potential financial collapse, than when throwing out the first pitch at the 2001 World Series.
• I called that Bloomberg would close the Curb Your Enthusiasm season by kicking Larry David out of New York about three weeks ago.




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CalPERS to invest $800 million in California public works More here.
That was quick. Per the BBC:
Republicans objected to the [President's Jobs Act] proposal, saying the president wanted to bill “job creators”.
What job creators? Where? When?
Meanwhile, progressive things are happening for working Americans:
“Seattle workers, businesses and lawmakers have been working together in an unprecedented, collaborative effort to guarantee workers in the city the right to earn paid sick days. Today, their hard work paid off when the City Council passed a strong paid sick days standard a groundbreaking victory for Seattle’s workers, businesses, residents and the nation.
“When Mayor McGinn signs this bill, Seattle will become the third city in the nation to implement a job-protected paid sick days standard and nearly 190,000 workers in the city will no longer have to choose between their families’ health and their paycheck or job. Seattle’s standard will support economic security for working families in the city, improve public health, and increase the productivity and stability of Seattle businesses.”
Too Big To Fail as graphic art.
I always wondered where The Money Store went. Thnx.
I really like this one:
“Two hours after the Utah-USC game ended on Saturday, Pac-12 officials determined that a touchdown scored by the Trojans off a blocked Utes field goal attempt should have counted. That decision by the conference changed the final score from 17-14 to 23-14.
While the score change may seem superficial to some, it was anything but to sports bettors – USC was favored by 8.5 points—so by the original final score, the Trojans didn’t cover; by the corrected score of 23-14, however, they did.
The decision created confusion along the Las Vegas strip, as it is up to each sportsbook how to handle such a situation.”
Read more: http://aol.sportingnews.com/ncaa-football/story/2011-09-11/late-score-change-in-utah-usc-creates-confusion-in-las-vegas#ixzz1XnIFOoEG
Didn’t cover? what the…….. can’t; have that.
Jared Bernstein just lost my respect. Opposing social security cuts is not equivalent to opposing tax increases. The deficit was caused by wars and unfunded tax cuts, as well as a Wall Street-caused recession. It’s an outrage to suggest that social security beneficiaries should pay for that.
More evidence that Bernstein is overrated: Talking to one doc about reimbursement rates does not prove that reimbursement is too low or too high. It’s just a single data point.
According to his wiki, “Bernstein is considered to represent a liberal, pro-labor perspective” which makes about as much sense, given his chained-CPI support, as whatever went on with the scoring of the game mafr just watched.
A former FBI agent [Soufan] who worked at the heart of America’s battle against al-Qaeda has told the BBC he is being prevented from telling the truth as he challenges the back story of 9/11 and what has happened since. More here.
Perhaps I overlooked it, but these high muckety-mucks did not once mention “jobs” in their urgent messages regarding reducing the deficit. Military costs were mentioned but in an off-hand way–while cuts to social programs were emphasized. As usual, all these people are talking to each other in their rarefied realm while the rest of us, the teeming masses, await whatever fate they’re going to foist on us. Dammit!
Oil spills and corexit are going to kill the reefs before climate change does. When the reefs die, the oceans will die, they are the support system for everything but hagfish. If the oceans die, we will die.
Things are definitely tightening up in Egypt following that Israeli embassy protest. And what group gets singled out? Unions.
“One of Egypt’s ruling generals said Monday the military will expand a state of emergency because of a “breach in public security” after protesters stormed Israel’s embassy and clashed with police, state news agency MENA reported.
“The ruling military council issued a decree to widen the scope of the emergency law — restricted in 2010 by ousted president Hosni Mubarak to narcotics and terrorism cases — to target labour strikes and the “spread of false rumors.”‘