Hello!
International Developments
❖ At least 2 dozen killed in attack on Aleppo, Syria. Russian warships are returning to “waters near Syria in a new demonstration of the Kremlin’s interest in the outcome of the crisis there.”
❖ “U.N. numbers on Syrians in need of help far too low,” according to results of the “first detailed survey of the humanitarian crisis in northern Syria.”
❖ Secretary of State John Kerry’s first official trip abroad will not include Israel or Palestine. (Maybe he heard what happened to Gustavo Dudamel at the Israeli airport the other day.)
International Finance
❖ Go people! “The government of Bulgaria has quit after nationwide protests against austerity measures.”
❖ “Another austerity strike paralyses Greece“. Video.
❖ Spanish Prime Minister Mariano Rajoy: “no green shoots or passing clouds of early spring”. Just austerity, austerity, austerity.
Money Matters USA
❖ US Justice Dept strikes again: “deal reduces BP’s Deepwater Horizon fine by $3.4bn”.
❖ If “stricter accounting standards for derivatives and off-balance-sheet assets” were applied, we’d see the big banks are “twice as big as they say they are–or about the size of the U.S. economy”. US banks are allowed to hide much more data than European ones. Video.
❖ US banks “are lending the smallest portion of their deposits in five years” partly due to slower “demand from borrowers”. However, 22% of small firms asking were denied loans during the 4th quarter of 2012, compared to 10% in 2011, and the proportion of mid-sized firms denied loans tripled between 2011-2012.
❖ “The US Federal Reserve is backing away from open-ended asset purchases as officials grow nervous about the dangers of a bigger balance sheet” and we grow nervous about the Fed.
❖ David Dayen’s response to Katrina vanden Heuvel’s criticism of DDay’s take on the Mortgage Backed Securities task force.
❖ How they do it: set up reinsurance companies in Bermuda and cycle top executives’ salaries through those companies to avoid taxes. And only a decade ago “the U.S. Internal Revenue Service threatened to crack down” on such arrangements.
❖ “U.S. Single-Family Home Starts Rise to Four-Year High”.
Politics USA
❖ Section 5 of the Civil Rights Act comes before the US Supreme Court next week. Section 5 mandates that certain states (Deep South) “seek preclearance from the Justice Dept or a federal court before making changes to their voting laws.”
❖ Citizens for Responsibility and Ethics [CREW] and Dr. David Gill, an IL Democrat who ran for Congress, have sued the IRS, “accusing the agency of creating a loophole that has allowed groups like the American Action Network ["dark money" groups] to flourish.”
❖ Obama’s campaign manager, David Axelrod: “scrap limits to make campaign finance more transparent . . . current system is a ‘mess’ and the only solution is to make sure everything happens in plain view”.
❖ Heh: “It’s Been 951 Days Since the Senate Passed a Major New Law”.
❖ Sen. John McCain (R-AZ) came in for some heavy reaction to his immigration plan at a town hall yesterday. Video.
❖ MI’s Gov. Rick Snyder (R) now has what he needs to appoint an emergency manager for Detroit. Will he?
❖ They didn’t mean it, they didn’t do it: the Tea-Party and the doctored photo of Rove. Update: Piling on now is Newt Gingrich who says KKKKarl’s new SuperPAC is “‘Dangerous And A ‘Terrible Idea’”.
❖ Jesse Jackson Jr has pled guilty “to one count of conspiracy” for personal use of some $750,000 in campaign funds (gold-plated Rolex, furs, etc.). Sentencing in June.
❖ Sen Marco “Thirsty” Rubio (R-FL) visited Israel where he said Jerusalem is “of course the capital of your country.”
❖ How adorable! MO state House member Eric Burlison (R) uses a bill outlawing military-style assault weapons for his target practice. Video.
Women & Children
❖ ND’s Senate has passed their “personhood” bill which “grants legal rights to fertilized eggs”. According to physicians, it will “prevent doctors from treating complicated and potentially dangerous pregnancies”–but what do they know?
❖ Their comprehension of human biology is stunning: AL state Rep. Mary Sue McClurkin (R) says her new bill attacking abortion clinics is “necessary because the fetus is ‘the largest organ in a body.’”
❖ Long-overdue inquiry into “Throwaway: Recruited by Police & Thrown into Danger, Young Informants are Drug War’s Latest Victims”.
Heads Up!
❖ The News Desk’s Daniel Wright got some well-deserved props for his Aaron Swartz FBI file scoop.
❖ The battlefield of the future: ”Micro-drones will ‘hide in plain sight‘; ‘Lethal’ and ‘unobtrusive” micro-drones are being developed by the Air Force to mimic the behavior of bugs”.
❖ KGB: “Drones for America!”
❖ Federal courts’ “Prison Sentences for Black Men Are 20% Longer Than Those for White Men for Same Crimes”.
Planet Earth News
❖ President Obama golfed with oilmen during Sunday’s climate protest.
❖ Secretary of State John Kerry (D) at the University of Virginia “called for action to combat climate change and spur the American economy by investing in clean energy technologies.”
❖ “The Extraordinary Science of Addictive Junk Food“–and the corporate role in it.
❖ In 2006, AK voters approved an initiative requiring large cruise ships to meet state water quality standards “at the point treated wastewater is discharged from the ship.” AK lawmakers have now approved a measure to overturn the 2006 initiative.
❖ Both environmentalists and the coal industry are p.o.’d at WV Gov. Earl Ray Tomblin (D) for suggesting eliminating “a state tax incentive for plug-in electric cars and other alternative fuel vehicles.”
❖ Come May, New England fisheries will be hit with a 77% cut in the number of cod from the Gulf of Maine and 61% in cod from Georges Bank of MA.
❖ Measured by bushels of corn/acre, states hardest hit by the 2012 drought include KY (50% below average), MO (42%), Illinois and Indiana (35% each), TN (32%) and so on.
❖ Indonesia has set aside an 18,000-square-mile “shark and manta ray sanctuary” off New Guinea island.
Mixed Bag
❖ Who knew? Picasso used house paint. (Psssst. Siqueiros used automotive paint.)
Break Time




24 Comments

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About FDL News Desk
A slight correction, f. Lanny Davis has a
Jesse Jackson, Jr.
hashad a gold-plated Rolex.I love it! allan just won’t let me get away with a darned thing.
I’ll go fix it right now, allan. Many thnx for the correction.
But you can’t deny that this man does did have a gold plated Roledex being Jessie Jackson’s son and all.
I initially scoffed at stories claiming he was manic-depressive – but reading now the accounts of what he spent all that money on, perhaps it is true.
Oh, yes, Elliott. Manic-depressive, bi-polar conditions can be very challenging–for everyone involved.
I think the elk settle it, may he never again disappear into a cloudbank like that.
His wife, Sandi Jackson, also pleaded guilty today–to filing false tax returns.
http://livewire.talkingpointsmemo.com/entry/sandi-jackson-pleads-guilty-too
Good evening, fatster, thanks especially for the European news. Bulgaria is down and Greece can’t be far behind (again).
One might think Congress would take a look across the pond, say we don’t need this, and do something to stop the sequester. But (although I thought differently yesterday and may think differently) tonight my guess is they will punt by giving it another short-term extension.
And how about that Picasso! I guess the guy knew how to economize.
slight edit: … may think differently tomorrow) tonight …
I doubt Spain is too far behind Greece, either, E. F. Beall–particularly given that report about the scandal swirling around Spanish politicians. from a couple of days ago.
Also, I’d be tickled if you’d click on the Siqueiros link (Picasso item).
Regarding Picasso using house paint. . .
Jackson Pollock did the same, and was fond of alkyd enamel for his “drip” paintings.
I went to New York’s Museum of Modern Art for the Pollock retrospective in 1998. Along with the paintings I recall seeing a photo of Pollock at work in his Long Island studio. There were gallon cans of Dutch Boy (or some sort) all over the place, and what a mess! A four year old would have had great fun doing that as well.
I understand house paint isn’t a good medium, though, for a fine art painting even when it’s kept indoors out of the elements. Apparently it won’t last more than several decades, but don’t recall if there were conservation problems mentioned among Pollock’s works.
Ah, yes, maa8722. And did you know Pollack studied with Siqueiros? You might enjoy that article, too. :)
I guess it goes to show that art is only peripherally a matter of the materials you use, as theorists like Arthur Danto would indeed maintain. Probably neither is the true artist thinking very hard about the work’s posterity.
and @ 11
Yes, he seems to have been quite a guy, fatster; I’d never heard of him (only Rivera and Kahlo among Mexicans) before this post, so thanks.
Here’s a nice picture of Siqueiros with Pollack (Pollack’s on the right).
❖ Go people! “The government of Bulgaria has quit after nationwide protests against austerity measures.”
interesting website that’s from.
Thanks/Hi
I heard the Bulgarian finance minister speak last month in Moscow. I thought he was one of the saner members of the panel, less austerian. Maybe something was lost in translation.
So they have bugs that can kill you if they don’t like what they hear?
You raise something very interesting, Knut. The guy you speak of, Simeon Djankov, has been a rising star in European financial circles, having gotten his PhD at UMich under a big shot in the academic version of economics, Alan Deardorff, and then having had an eye-catching career at the World Bank before his Bulgarian government post. So, at least, Wikipedia.
Now it turns out that he either resigned or was forced out two days before the government gave up as fatster reports, I suppose throwing out a sacrificial lamb in an effort to quell the protests. (His policies did indeed reduce Bulgaria’s budget deficit and NYT calls him “the architect of painful fiscal probity,” although this conflicts with your impression.)
Although I haven’t found another source for it, the Wikipedia article also claims that he rescinded his resignation yesterday as soon as Prime Minister Borisov submitted his. He was Deputy PM in that government in addition to Finance Minister, so I wonder if he’s angling for the top job.
Re: #14. . .
Thanks for the photo. I’m one of many who is not as familiar with Mexican art as I should be.
I’m familiar with Rivera, though, based on his association with Trotsky and the menage a trois including the two of them plus Frida Kahlo. That was quite a story, which long after became a disjointed but page turner of a novel, La Lacuna.
For me Mexican art’s color spectrum often seems out of kilter, blue phobic, and then I have difficulty remembering a work other than the excellently crafted objects themselves. It’s something I’ll have to work on.
Sequeiros seems a name of Portugese extraction — anything to that? Is there a Brazilian connetion in his past?
Re: my #19. . .
Rembrandt was blue phobic, too, so I’m not referring to just Mexican art that way.
I live in the Detroit area. The consensus around here is that Governor Snyder will appoint an Emergency Manager from Detroit. There has been some speculation about who the EM will be: Freman Hendrix, who lost to Kwame Kilpatrick in the runoff in 2005, is one name bandied about.
Fun fact: the State Treasurer is Andy Dillon, a Democrat who served as Speaker of the House during his party’s short-lived control of that chamber and who ran for governor as a conservadem in 2010 and lost in the primary.
Sad to say, tammanytiger, I figure you’re right on that Detroit Emergency Manager sitch. I try to keep an eye out for news on it, and hope you’ll update us if I do miss something. Much appreciated.
I don’t know about the Siqueiros’ ancestry, maa8722, sorry to say.
You might find this of interest, too, in terms of blue–this from Picasso.
:), mafr and . . . Good early afternoon!