I had thought I would be traveling this week to Pittsburgh to report from one of the first in a series of spring shareholder activism events, this one against Bank of New York Mellon. However, they changed the dates of the meeting and I can no longer attend. But expect some coverage of that event tomorrow. Shareholder activism will be a big story in the next few months.
Other housekeeping news: my panel on foreclosure fraud for June’s Netroots Nation conference has been accepted. More on that in the coming days.
• Kent Conrad stated the obvious, that there would be no budget before the election, meaning that continuing resolutions would be the only way to avoid a government shutdown after September 30.
• I kind of can’t believe that Eric Cantor would be this stupid. If there’s one word to define Cantor, it’s “careerist.” So why would someone who wants to lead the House GOP caucus donate to an anti-incumbent PAC? All the people he wants to lead are incumbents!
• This story on the progressive youth grassroots revolution is a little too optimistic for my taste. It does speak to the cultural v. economic liberalism divide, however, as most of the organizing in the piece is of the cultural variety.
• Paul Krugman could just come out and say that David Brooks is a gullible moron. That’s the barely-concealed subtext behind his op-ed today.
• Remember, for most of the policymakers in Europe, the “eurozone debt crisis” is really a eurozone banking crisis. They care far more about the impact for banks than they do for ordinary citizens.
• The surveillance state, as viewed by the Bureau of Investigative Journalism.
• Hopefully the primary fight in the Wisconsin gubernatorial recall will not be so contentious. At least the first ad of the campaign, from former Dane County executive Kathleen Falk, keeps it positive, at least with respect to her Democratic rivals.
• Speaking of Wisconsin, Scott Walker didn’t only sign that pay equity repeal bill late last week, but a host of other anti-woman measures.
• Marcy Wheeler has more on those two DHS Inspector General reports about the Secure Communities program.
• The new prosecutor in the Trayvon Martin case has decided not to convene a grand jury. This doesn’t mean she won’t ultimately seek to prosecute George Zimmerman in the killing. Meanwhile, the case has revealed the depressing common thread of the shooting of unarmed African-Americans.
• Nouri al-Maliki was always going to be a strongman no matter when US troops left the scene. The logical conclusion of these retrospectives on Iraq is that the US can never leave anywhere ever.
• Mitt Romney will blow $2.9 million trying to knock out Rick Santorum in Pennsylvania. He did manage to stop the negative ads against Santorum while Rick was in the hospital with his kid.
• California’s Courage Campaign is trying to get a set of foreclosure protections passed into law in the Golden State by going after legislators in both parties who are holding it up.
• Remember the unemployed worker whose wife appeared at an Obama town hall? The President said he would help the man find a job. That’s the thing about promises, you have to prepare for backlash when they don’t work out.
• Omar Suleiman plans to run for President in Egypt as the Nixonian law and order candidate.
• I think it’s a bit of a reach to blame credit card swipe fees for some of the run-up in gas prices. But it’s true that credit card swipe fees were untouched and now cost merchants far more to process than debit cards. And they do pass that cost on to customers.
• RIP Bernard Rapoport, a progressive giant in Texas.
• What’s with Tim Tebow leading Easter services, now? What exactly gives him the credentials to do this? Believing? Incidentally, he parroted the “America is a Christian nation” nonsense in this speech.
• America neither gained nor lost immigrants last year, with many migrating back to Mexico.
• I hope other communities join LA with a feed-in tariff program.
• Facebook paid a billion dollars for Instagram. In other news, Facebook just paid me $529 million for this news item.




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Neat interactive map from the Milwaukee, Wisconsin Journal Sentinel On-Line, which shows the states where donations come from for Scott Walker and the Dems. Hint: You’d think Walker was the candidate from TX.
California fracking.
Help is on the way: Natural gas glut means drilling boom must slow
Although it’s too late for poor Pennsylvania.
They make this stuff up so we don’t have to, though we do have to fight it every step of the way. Hint: The Wisconsin Front in the War on Women.
Report: Minnesota Republicans unable to pay headquarters rent and other stuff. LINK.
There’s a good joke lurking in there, allan, having to do with politicians of a certain stripe. Wanna try teasing it out?
Phoenix Woman will get a giggle out of that.
Bureau of Investigative Journalism story on the new NSA facility in Utah is truly frightening.
More on the one-by-one success of Occupy with preventing foreclosures.
The whole “Island President” thing on FDL movie night should be taken with a huge grain of salt, especially the prospect of Maldives sinking beneath the waves any time soon.
news report
July 11, 2011
– examples of more new development in Maldives
Two more regional airports are to built at Huvadhoo Atoll accompanied by two more resorts!
The first airport is to be built on Kooddoo which also has the fish processing facility. The developer would be Bonaventure (Maldives) Pvt Ltd. Bonaveture has also been given Gaaf Alif Dhigurah to develop a resort as consideration for developing the airport at Kooddoo.
The second airport will be built at Gaaf Dhaal Maavarulu. The developer will be Moving International Pvt.Ltd. As consideration for the development of the airport, the company has been awarded Gaaf Alif Kodaanahutta
Addu City authorities propose to develop areas of the city as a Asseyri (Beachside) Project. The two areas ear-marked for development under this project are the Maafishi Area of Hulhumeedhoo Island and the start of the Hankede area, Hithadhoo.
http://maldivesresortworkers.wordpress.com/2011/07/11/more-new-developments/
Here’s the question I have for the LA City Council’s decision in favor of the feed-in tarrif program. How much per kwhour will the Dept of Water and Power pay to buy solar power, and how does this compare to the cost of buying more natural gas for our gas-fired plants. The US has the lowest natural gas prices in the world, and this is expected to last for a long time. Gas generated electricity is far cheaper than solar power. The Los Angeles Dept of Water and Power is planning very large rate increases for the millions of users of water and power in the City. With people hurting from the recession and unemployment, the City should be going for the lowest cost power and water. How large a subsidy will the rate payers be forking over to support the solar electric industry which otherwise is completely uneconomic.
http://www.rawstory.com/rs/2012/04/09/sopa-supporters-await-cash-infusion-from-netflix-pac/
Colombian families appeal Uribe’s immunity in [Alabama-based] Drummond murders trial
“Families of three murdered Colombian unionists appealed a US court decision shielding former Colombian President Alvaro Uribe from testifying in the case against coal giant Drummond, reported Noticias Uno Sunday.”
LINK.
From Auschwitz to “computer legend”, Commodore founder–RIP Jack Tramiel
LINK.
The rest of your comment does not support that conclusion. Are you suggesting that real estate development somehow means that sea levels are not rising?
Why the animosity toward Tebow, he was a guest speaker who talked about pro athletes needing to be better role models; the main sermon was given by Pastor Joe Champion.
A guy standing up to give some words about providing kids positive role models is bad now? Man, we are done as a nation if that’s now a crime.
This was the next town over from me. A lot of folks here were aware that it was going to happen and during conversations on Saturday we wondered the same thing. Why?
He stood up and said America needs to get back to “One Nation under God”, then talked about role models.
Please don’t cherry pick the facts.
Would you be comfortable living in a nation dominated by the Christian right?
RE: Cantor He is a power hungry careerist and wants new recruits to be his loyal acolytes when they arrive in Congress.
RE: Maldivian development Resort developers out for minimal cash outlay (cheap construction & cheap service labor) will bring rapid tourist money and down the road financial returns for the ultimate loss… perfect scenario for capitalist investors.
RE: Romney political campaign expenses I wish someone would do an analysis of these costs to illustrate how campaign expenses recycle (launder?) money as payola and blackmail within the American culture in self-serving and unproductive ways.
Regarding Krugman v. Brooks. . .
The same could be said about David Gergen.
I agree, and am wondering what “credentials” are recommended prior. One can always tune out, after all. . .
I think Tebow’s indirect suggestion that athletes are often bad role models is spot on. Maybe I misheard?
#21 is reply to #16. . . didn’t post that way, somehow.
Reply to #17 & #18
I’m not at all liturgical, and am inclined to think those who are, are a bit kooky. My own predjudice, I suppose, learned from Quaker parents long ago.
Yet the evangelicals’ kookiness doesn’t bother me, and I don’t assume it means something malevolent. Wouldn’t life be simple if it did? It’s not code.
Wait until that kookiness is the societal definition of what’s good and bad.