Month: December 2013

Why Chris Christie Will Not Be the Republican Nominee

In many ways, Christie’s putative Presidential campaign reminds me a lot of Rudolph Giuliani’s in 2008.

Governor Christie  he suffers much the same problem as Guiliani,* which is that the better that people know him, the more that they will dislike him.

He is clearly too liberal for the nut-jobs who caucus in Iowa, and his actions in the rough and tumble of New Jersey Politics show that he is someone who people in New Hampshire will dislike when they see him in person.

Case in point, it now appears that one of his appointees shut lanes to the George Washington Bridge in order to punish the Democratic Mayor for not endorsing him:

It would seem a minor whodunit for a small suburb: On the first day of school in September, three access lanes leading from Fort Lee, N.J., streets to the George Washington Bridge were unexpectedly and mysteriously shut down. Cars backed up, the town turned into a parking lot, half-hour bridge commutes stretched into four hours, buses and children were late for school, and emergency workers could not respond quickly to the day’s events, which included a missing toddler, a cardiac arrest and a car driving into a building.

But the George Washington Bridge is the world’s busiest, and New Jersey is led by one of the nation’s most pugnacious and prominent politicians, Gov. Chris Christie — who also happens to appoint the people who control the bridge.

So the unfolding story of the lane closings has become something of a cause célèbre, resulting in a hearing before the New Jersey Legislature on Monday, as well as a window into the proudly aggressive and often secretive dealings of Mr. Christie’s team.

The mayor of Fort Lee, a Democrat, complained in a letter in September that the lane closings were “punitive” — Mr. Christie, a Republican, was leaning heavily on Democratic mayors to endorse him for re-election so he could present himself as a presidential candidate with bipartisan appeal, but the mayor was not going along.

Mr. Christie laughed off the idea that he had been involved in a matter as small as closing bridge lanes, and his chief appointee at the Port Authority of New York and New Jersey, which oversees the bridge, insisted that the lane closings were simply part of a traffic study.

But on Friday, the man who ordered the closings — a high school friend of the governor’s who was a small-town mayor and the founder of an anonymous political blog before Mr. Christie’s appointee created a job for him at the Port Authority — resigned, saying the issue had become “a distraction.”

The people of New Jersey might understand (though the indications are that they aren’t, because their commutes were f%$#ed with in a major way), the people of most of the rest of the country (pretty much everyone but New York and New Jersey) won’t.

*Also, Christie has not been zinged the way that Joe Biden zinged Rudy that, “There’s only three things he mentions in a sentence: a noun, and a verb and 9/11,”

The Volker Rule Has Been Finalized

AFter 3 years, and interminable lobbying by finance industry, the Volker rule restrict proprietary trading by banks has been finalized :

Government regulators ushered in a new era of oversight Tuesday aimed at reining in Wall Street risk-taking, voting to prevent big banks from trading for their own benefit.

The “Volcker rule,” named after former Federal Reserve chairman Paul Volcker, also bars banks from owning hedge funds and private-equity funds. The centerpiece of the 2010 Dodd-Frank financial overhaul law took three years to complete as government infighting and intense lobbying by banks slowed the process.

“Our financial system will be safer and the American people are more secure because we fought to include this protection in the law,” President Obama said in a statement.

Lawmakers devised the measure to prevent banks with government backstops such as deposit insurance from making risky trades for their own benefit, arguing that the bets could endanger taxpayers. The challenge for regulators has been restricting such proprietary trading without impeding acceptable practices, such as firms trading on behalf of clients as market-makers or hedging their risk against fluctuations in interest rates.

But banking industry officials continued to warn that the rule goes too far. “Many bankers will struggle to understand complex provisions that have no application to their business model and are open to conflicting interpretations,” Frank Keating, president of the American Bankers Association, said in a statement.

On Tuesday, the Federal Deposit Insurance Corp. board and the Federal Reserve unanimously approved the final version of the rule. The Securities and Exchange Commission voted 3 to 2 in favor, while the Commodity Futures Trading Commission adopted it in a 3 to 1 vote.

Supervision will ultimately be the responsibility of the Office of the Comptroller of the Currency, the CFTC and the SEC.

That last line is profoundly worrying, since with three agency being responsible for enforcing this, none of them will be held accountable.

And then there is the fact that, “The 71-page rule, a streamlined version of the 298-page draft, addresses many concerns about which activities and investments are allowed, but gives regulators flexibility to interpret the rules.”

The article wrings it’s hands about how the banksters have to spin off their prop trading desks, but as Dean Baker observes, that was the point of this whole endeavor:

It’s not clear what this could mean, since the point of the Volcker Rule was to keep banks from engaging in proprietary trading. If they have spun off their trading desks then its purpose will have been accomplished. The goal is not to prevent trading, but to prevent banks from effectively speculating with government guaranteed deposits.

Even then, I do not think that it’s going to work.

Rapists in the Pentagon win ……… For Now

The Senate has passed the defense authorization bill, and caved to the pro-rape faction in the military by dropping Kristen Gillibrand’s proposal to remove such charges from the chain of command:

Senator Kirsten Gillibrand said she will push legislation to remove sexual-assault allegations from the military’s chain of command after congressional leaders spurned her approach in crafting a compromise defense measure.

“I have an assurance that we will get a vote, just not when we will get a vote — before the end of the year or maybe right away in the new year,” Gillibrand, a New York Democrat, told reporters today. Leaders of the House and Senate armed services committees yesterday agreed on a $552.1 billion defense authorization bill for the current fiscal year.

Under the compromise, commanders would be stripped of the ability to dismiss a finding by a court martial and would be barred from reducing guilty findings. Retaliation against personnel reporting sexual assaults would become a military crime.

President Barack Obama has said the issue of sexual assault is undermining trust and readiness among members of the armed forces, and Defense Secretary Chuck Hagel has called attacks a “scourge” and a “blight” on the military.

While Hagel and uniformed leaders in the military have backed changes in the handling of such cases, they have resisted Gillibrand’s approach, saying commanding officers must be able to discipline their own troops.

The issue has crossed party and gender lines. Gillibrand has won support from Republicans including Senators Ted Cruz of Texas and Rand Paul of Kentucky, while her proposal has been opposed by such Democrats as Senator Carl Levin of Michigan, who heads the Armed Services Committee, and Senator Claire McCaskill of Missouri.

Just so you know, the military says that such crimes need to remain in the chain of command to preserve, “Good order and discipline,” even though other militaries, like, you know, the Israel Defense Forces.

After all, it’s not like the Israelis have been at war in existential struggles in the past 60 years, has it?

Our officer corps is profoundly dysfunctional, and we need to stop the inmates from running an asylum.

This is Just Nasty

As you may be aware, Senator John Cornyn has gotten himself a Teabagger challenger in the primary, US Representative Steve Stockman (R-WTF).
Well, Harry Reid’s communications director just Tweeted this:

.@woodruffbets Senator Reid has always felt that Senator Cornyn is someone he can work with on a range of issues.
— Adam Jentleson (@AJentleson) December 10, 2013

Well played, Mr. Jentleson, well played.

It sounds nice, but it is read meat to the ‘Baggers who will vote in the primary.

This is an Expected Consequence of Obamacare

I have repeatedly stated that the first problem with healthcare is not the price of healthcare, not the cost of healthcare.

Absent fiat regulation, it is more important to initiate price competition both in insurance and in medical services, which means that the pricing will be clear, and high price insurance will be eschewed by consumers, and high price medical services will be eschewed by the insurance companies.

Therefore, it comes of no surprise that insurance companies are cutting the big name providers who charge a premium:

Americans who are buying insurance plans over online exchanges, under what is known as Obamacare, will have limited access to some of the nation’s leading hospitals, including two world-renowned cancer centres.

Amid a drive by insurers to limit costs, the majority of insurance plans being sold on the new healthcare exchanges in New York, Texas, and California, for example, will not offer patients’ access to Memorial Sloan Kettering in Manhattan or MD Anderson Cancer Center in Houston, two top cancer centres, or Cedars-Sinai in Los Angeles, one of the top research and teaching hospitals in the country.

This was not just foreseeable, it was the inevitable consequence of the Heritage Foundation designed plan.

In the long run, this is a good thing, because the consolidation of hospitals over the past few years has not been about efficiencies, but rather about the accumulation of pricing power.

You may not like that Sloan Kettering is not in your network, but in the long run, some for of price controls are essential to fixing our broken healthcare system,

Your Tax Dollars at Work


Yeah, whoever wrote proposal this is still laughing

It has been disclosed that the NSA and the CIA were aggressively monitoring:

Not limiting their activities to the earthly realm, American and British spies have infiltrated the fantasy worlds of World of Warcraft and Second Life, conducting surveillance and scooping up data in the online games played by millions of people across the globe, according to newly disclosed classified documents.

Fearing that terrorist or criminal networks could use the games to communicate secretly, move money or plot attacks, the documents show, intelligence operatives have entered terrain populated by digital avatars that include elves, gnomes and supermodels.

The spies have created make-believe characters to snoop and to try to recruit informers, while also collecting data and contents of communications between players, according to the documents, disclosed by the former National Security Agency contractor Edward J. Snowden. Because militants often rely on features common to video games — fake identities, voice and text chats, a way to conduct financial transactions — American and British intelligence agencies worried that they might be operating there, according to the papers.

Online games might seem innocuous, a top-secret 2008 NSA document warned, but they had the potential to be a “target-rich communication network” allowing intelligence suspects “a way to hide in plain sight.” Virtual games “are an opportunity!,” another 2008 NSA document declared.

But for all their enthusiasm — so many CIA, FBI and Pentagon spies were hunting around in Second Life, the document noted, that a “deconfliction” group was needed to avoid collisions — the intelligence agencies may have inflated the threat.

I kind of think that the pitch for the program went like this:

Even if you do not have privacy issues with NSA spying, the fact that they were paying people to play video games indicates that they have way too big a budget.

linkage

I don’t know if my cat wants this, but I do.

Link.

Economists Unconnected to Reality

You know the ones, the “fresh water” economists, the free-market mousketeer conservatives for whom the rational actor acting in an unconstrained laissez-faire system is king.

It is a matter of faith, completely unsupported by reality, that regulating a market will always be counter productive.

As it pertains to consumer protections for credit cards, to paraphrase the Bard, “There are more things in heaven and earth, than are dreamt of in their philosophy.

Much to ths shock of right wing economists, adding consumer protections to credit cards worked:

Four years ago, Congress decided to force down the hidden fees that credit card companies collect from their customers. It passed a law called the 2009 Credit Card Accountability Responsibility and Disclosure Act — a name chosen so the law would be known as the Card Act.

When Neale Mahoney, an economist at the University of Chicago’s Booth School of Business, set out to evaluate the effect of that law, he was confident he knew what he and his colleagues would find: It didn’t work.

“I went into the project with this sort of conventional wisdom that well-intentioned regulators would force down fees and that other fees and charges would increase in response,” he told me this week, comparing hapless rule makers to the carnival visitors playing the game known as Whac-a-Mole, where a mole springs up somewhere else as soon as one is knocked down.

But his expectation was wrong. The study came to a conclusion that surprised Mr. Mahoney and his colleagues: The regulation worked. It cut down the costs of credit cards, particularly for borrowers with poor credit. And, the researchers concluded, “we find no evidence of an increase in interest charges or a reduction to access to credit.”

The study, whose other authors are Sumit Agarwal of the National University of Singapore, Souphala Chomsisengphet of the Office of the Comptroller of the Currency and Johannes Stroebel of New York University’s Stern School of Business, estimates that the law is saving American consumers $20.8 billion a year.

There are a number of theories as to why this occurred, but the most likely is that regulation, when properly executed, simply works, though an argument could be made (though probably not by the credit card companies) that this worked because much of the credit card companies’ business model is parasitic, and as such they are unwilling to walk from “free” money.

Shoot Me I Agree with James Sensenbrenner

He is calling for James Clapper to be prosecuted for lying to Congress:

Rep. James Sensenbrenner Jr., the original author of the Patriot Act, says Director of National Intelligence James Clapper should be prosecuted for lying to Congress.

“Lying to Congress is a federal offense, and Clapper ought to be fired and prosecuted for it,” the Wisconsin Republican said in an interview with The Hill.

He said the Justice Department should prosecute Clapper for giving false testimony during a Senate Intelligence Committee hearing in March.

During that hearing, Sen. Ron Wyden (D-Ore.) asked Clapper whether the National Security Agency (NSA) collects data on millions of Americans. Clapper insisted that the NSA does not — or at least does “not wittingly” — collect information on Americans in bulk.

After documents leaked by Edward Snowden revealed that the NSA collects records on virtually all U.S. phone calls, Clapper apologized for the misleading comment.

The intelligence director said he tried to give the “least untruthful” answer he could without revealing classified information.

Sensenbrenner said that explanation doesn’t hold water and argued the courts and Congress depend on accurate testimony to do their jobs.

“The only way laws are effective is if they’re enforced,” Sensenbrenner said. “If it’s a criminal offense — and I believe Mr. Clapper has committed a criminal offense — then the Justice Department ought to do its job.”

He’s right.

This was clearly a case of perjury, particularly since he got the questions in advance as well as being given the opportunity to clarify.

Even if there is not a case for his being prosecuted (there is), his behavior clearly justifies the removal of his security clearance.

It’s not going to happen under this administration, though.

Well, It’s a Start………

The House of Representatives just passed a (rather weak) bill to reign in patent trolls:

The Innovation Act, a bill with measures aimed to stop “patent troll” lawsuits, passed the US House of Representatives this morning on a 325-91 vote. Several amendments that would have stripped out key parts of the bill were defeated.

Passage of the bill is a big step for patent reformers, which would have been hard to imagine even one year ago. However, patent trolls going after “Main Street” businesses like grocery stores and coffee shops have made headlines and enraged politicians from Vermont to California.

Majorities of representatives in both parties supported the bill. On the Republican side, 195 representatives voted in favor of the bill and 27 voted against, while 130 Democrats supported the bill and 64 opposed it. The White House has said it supports the bill, which must first pass the US Senate.

The key politician pushing the bill ahead thus far has been Rep. Bob Goodlatte (R-VA), chairman of the House Judiciary Committee. The most prominent opponent has been Rep. John Conyers (D-MI), the most senior Democratic member of that committee.

If passed in its current form, the bill will add to transparency in patent litigation and require patent holders to reveal who is profiting from a lawsuit. It will also allow lawsuits against customers to be stayed in certain circumstances and will require fee-shifting to the prevailing party in most patent cases.

………

Stronger action on demand letters is something that proponents of legislation may try to add in on the Senate side. Opponents, meanwhile, will still be looking to stall or kill the bill entirely.

The biggest change to the bill thus far has been the removal of an expanded review program, which could challenge business method patents at the patent office. That plank was strongly desired by anti-troll advocates, since it could have greatly lowered the cost of fighting some patents. But several key tech companies with large patent portfolios, including Microsoft and IBM, were opposed to the expansion of the review program and would likely not have supported the bill if that provision had remained.

This bill is weak tea, particularly with the “lame-ass patent review” provision being stripped from the program, but it passed by an overwhelming vote, which indicates that the political calculus is moving in the right direction.

My Mom Was Involved in Something Like This 40 Years Ago

When my younger brother, Daniel, was in 5th grade, an Evangelical Christian group set up in the principal’s office, and made an announcement over the PA system that students were to pick up copies of the Christian Bible.

Dan, even at age 10, realized what it was, and so declined, and one of his classmates called him a “Heathen.”

Needless to say, some people were upset by this. My mom was furious (not a good thing for the target of her fury) and she and some concerned parents had a colloquy with Bill Ellena, the then Superintendent of the Charlottesville, VA School District.

Mr. Ellena cited a recent supreme court decision allowing for this, and my mom noted that it meant that everyone had such access, so they wanted a time to hand out a Marxist tract on atheism.

The superintendent decided that no future theological literature would be handed out in such a manner.

Well, it looks like the state of Oklahoma has a similar Hobson’s Choice (or Morton’s Fork, your choice):

Remember the Satanic Temple, which performed a ritual to turn Fred Phelps’ dead mother gay? They are still at it, now in Oklahoma. The Satanic Temple has filed the papers to put up a memorial on statehouse grounds, next to the state’s display of the 10 Commandments. They are doing this by citing Okla.’s religious displays legislation, signed into law in 2009. And they are absolutely serious about it. According to their press release:

The Satanic Temple, an established New York City-based religious organization, has offered to donate a public monument to Oklahoma’s Capitol Preservation Commission for display upon Oklahoma City’s capitol grounds. Described as an “homage” to Satan, the purpose of the monument is to complement and contrast the Ten Commandments monument that already resides on the North side of the building. The donation offer has been submitted and is currently awaiting the commission’s reply.

The Satanic Temple Is Dead Serious About This.

When Patheos heard of this, they reached out to the temple, and had some questions answered. The statement boils down to the Satanic Temple’s willingness to embrace the new Republican-led insistence of religiously backed memorials, and they plan to take full advantage of it.

Let’s be clear here, the Church of Satan is not being insincere here. 

This behavior is not just some sort of “Yes Man” style agitprop.  Causing discomfort is a part of their religious observance.

I Hope That This Will Result in Consequences

Pope Francis has established a commission to investigate sex abuse committed by agents of the church:

In his first concrete step to address the clerical sexual-abuse problem in the Roman Catholic Church, Pope Francis will establish a commission to advise him on protecting children from pedophile priests and on how to counsel victims, the Vatican said Thursday.

The announcement was a forthright acknowledgment by the Vatican of the enduring problem of abusive priests, and fit with Francis’ pattern of willingness to set a new tone in the governance of the church nine months into his tenure.

Whether the new commission portends a significant change in how the Vatican deals with abusive priests and their protectors remains to be seen, experts on the church said. Yet the timing of the announcement, two days after a United Nations panel criticized the Vatican over its handling of abuse cases, suggested that the pope and his closest advisers wanted to at least be seen as tackling the issue with greater firmness.

Soon after he became pope, Francis directed the Vatican last April to act decisively on abuse cases and punish pedophile priests, in a meeting with subordinates at the Congregation for the Doctrine of the Faith, the church’s enforcement arm. But he had said little about the sexual abuse problem since.

“Francis is great on a lot of stuff but hasn’t really done anything about sex abuse cases,” said John L. Allen Jr., the senior correspondent for The National Catholic Reporter, an American weekly, who frequently reports from the Vatican.

“A lot of people most focused on this issue said that Francis needs to game up,” Mr. Allen said in a telephone interview. “So the P.R. thing to say was, ‘We’re doing something.’ ”

The announcement elicited a mixed reaction, reflecting some skepticism, particularly among victims and their advocates, over whether a new commission would be more than cosmetic.

That is the question.

There are two questions here, one of accountability, and one of transparency.

I am inclined to believe that the we will see some accountability, that the people who are most culpable will be removed from positions of authority, but I am less predisposed to believe that we will see a public accounting.

That is simply not a part of the Catholic Church’s DNA.

Putting the The Right’s Hypocritical Eulogies of Nelson Mandela in Perspective

I am not referring here to the bigots who responded to Senator Ted Cruz’s (R-Crazytown) tribute to Mandela, while they are repulsive medieval racists, they are honest in their hate.

Rather, I am accusing the folks like Ted Cruz who are now claiming that they’ve always thought that he was a hero opposing a great injustice, when this is clearly not the case.

In fact, while Nelson Mandela was in Robben Island prison, mainstream movement conservatives were literally paid representatives of the Apartheid regime:

Nelson Mandela died yesterday, and all around the world, much-deserved hosannas are coming in, praising the life of one of the most important figures in modern Western history. That last bit reflects my own bias. What’s become clear in all my studies of our history of World War II, of the Civil War, of Tocqueville, of Rousseau, of Zionism, of black nationalism, is that understanding Enlightenment ideals requires understanding those places where ideals and humanity meet. If you call yourself a lover of democracy, but have not studied the black diaspora, your deeds mock your claims. Understanding requires more than sloganeering, and parroting—it requires confronting our failures.

For many years, a large swath of this country failed Nelson Mandela, failed its own alleged morality, and failed the majority of people living in South Africa. We have some experience with this. Still, it’s easy to forget William F. Buckley—intellectual founder of the modern right—effectively worked as a press agent for apartheid:

Buckley was actively courted by Chiang Kai-Shek’s Taiwan, Franco’s Spain, South Africa, Rhodesia and Portugal’s African colonies, and went on expenses-paid trips trips to some of these countries.

When he returned from Mozambique in 1962, Buckley wrote a column describing the backwardness of the African population over which Portugal ruled, “The more serene element in Africa tends to believe that rampant African nationalism is self-discrediting, and that therefore the time is bound to come when America, and the West … will depart from our dogmatic anti-Colonialism and realize what is the nature of the beast.”
In the fall of 1962, during a visit to South Africa, arranged by the Information Ministry, Buckley wrote that South African apartheid “has evolved into a serious program designed to cope with a melodramatic dilemma on whose solution hangs, quite literally, the question of life or death for the white man in South Africa.”

Buckley’s racket as an American paid propagandist for white supremacy would be repeated over the years in conservative circles. As Sam Kleiner demonstrates in Foreign Policy, apartheid would ultimately draw some of America’s most celebrated conservatives into its orbit. The roster includes Grover Norquist, Jack Abramoff, Jesse Helms, and Senator Jeff Flake. Jerry Falwell denounced Desmond Tutu as a “phony” and led a “reinvestment” campaign during the 1980s. At the late hour of 1993, Pat Robertson opined, “I know we don’t like apartheid, but the blacks in South Africa, in Soweto, don’t have it all that bad.”

It’s also important to remember that one of William F. Buckley’s contributions to modern movement conservative was to incorporate, and legitimize a new language of racism into both the conservative movement and the Republican Party:

I know it is often hard to understand the difference between racists and conservatives, but here is some help to redefine the lexicon and come up with a simple translation guide.
………

Theodore Bilbo

To preserve her blood, the white South must absolutely deny social equality to the Negro regardless of what his individual accomplishments might be. This is the premise – openly and frankly stated – upon which Southern policy is based. This position is so thoroughly justified in the minds of white Southerners that it is sometimes difficult for them to comprehend the reasoning of those who seriously dispute it.

William F. Buckley

The central question that emerges . . . is whether the White community in the South is entitled to take such measures as are necessary to prevail, politically and culturally, in areas in which it does not prevail numerically? The sobering answer is Yes – the White community is so entitled because, for the time being, it is the advanced race. It is not easy, and it is unpleasant, to adduce statistics evidencing the cultural superiority of White over Negro: but it is a fact that obtrudes, one that cannot be hidden by ever-so-busy egalitarians and anthropologists.

National Review believes that the South’s premises are correct. . . . It is more important for the community, anywhere in the world, to affirm and live by civilized standards, than to bow to the demands of the numerical majority.

See, we’re used to the naked racism of the hood wearing Klansman. Yet, since the 1950’s, most racism has been cloaked in the sort of academic langugae which hides the meaning of the statement.

We can reduce example one to saying: them niggers will fuck our white women and make us stupid. Yet, Goldberg is no more likely to say that than to run naked down the street. So he has to couch his language in terms which will be polite and acceptable.

Now, in example two, Buckley, says nearly the same thing as Sen. Bilbo, but in much less passionate language.

(As an aside, I really miss Steve Gilliard’s ferocious writing)

The right wing spent decades demonizing and attempting to marginalize Nelson Mandela.  To pretend anything else is to take the rest of to be historically illiterate idiots.

Your Moment of Kafka

There was a crazy guy in New York City’s Times Square, one Glenn Broadnax, who was wandering into traffic.

Why is this news?  After all, crazy people interfering with traffic is not particularly newsworthy in Manhattan.

Well it becomes news because, police shot at him while trying to apprehend him, and missed, striking innocent bystanders.

Because of this the prosecutor charged Mr. Broadnax with assault ……… for getting shot at:

An unarmed, emotionally disturbed man shot at by the police as he was lurching around traffic near Times Square in September has been charged with assault, on the theory that he was responsible for bullet wounds suffered by two bystanders, according to an indictment unsealed in State Supreme Court in Manhattan on Wednesday.

The man, Glenn Broadnax, 35, of Brooklyn, created a disturbance on Sept. 14, wading into traffic at 42nd Street and Eighth Avenue and throwing himself into the path of oncoming cars.

A curious crowd grew. Police officers arrived and tried to corral Mr. Broadnax, a 250-pound man. When he reached into his pants pocket, two officers, who, the police said, thought he was pulling a gun, opened fire, missing Mr. Broadnax, but hitting two nearby women. Finally, a police sergeant knocked Mr. Broadnax down with a Taser.

The shootings once again raised questions about the police use of firearms in crowded areas and drew comparisons to a shooting a year ago, when officers struck nine bystanders in front of the Empire State Building when they killed an armed murder suspect.

Initially Mr. Broadnax was arrested on misdemeanor charges of menacing, drug possession and resisting arrest. But the Manhattan district attorney’s office persuaded a grand jury to charge Mr. Broadnax with assault, a felony carrying a maximum sentence of 25 years. Specifically, the nine-count indictment unsealed on Wednesday said Mr. Broadnax “recklessly engaged in conduct which created a grave risk of death.”

“The defendant is the one that created the situation that injured innocent bystanders,” said an assistant district attorney, Shannon Lucey.

You are charging a clearly disturbed man with felony assault for somehow “forcing” to fire recklessly firing into a crowded area?

What the f%$#?

It’s Jobless Thursday!!!!!

Initial unemployment claims fell to below 300,000, 298000, beating expectations, though the holidays have a lot of noise in there.

More significantly, 3rd quarter GDP was revised upward by a large amount:

The U.S. economy grew faster than initially estimated in the third quarter but weak demand and a pile-up in business inventories buoyed the case for the Federal Reserve to keep up its bond-buying stimulus for now.

Gross domestic product grew at a 3.6 percent annual rate instead of the 2.8 percent pace reported a month ago, the Commerce Department said on Thursday.

It was the biggest gain since the first quarter of 2012, but inventories accounted for almost half of the increase in growth.

“The strong third-quarter growth pace masks the more subdued tone in domestic activity, and as the bloated level of inventory is worked off, we are likely to see a much softer performance in growth in the fourth quarter,” said Millan Mulraine, senior economist at TD Securities in New York.

So, what happened was that more stuff was made, but it just filled up warehouse shelves.

The holiday shopping season could be make or break for the economy.

Just When I Think that the Right Wing Cannot Get Any More Evil………

The American Legislative Exchange Council (ALEC) is pushing for legislation to fine homeowners for installing solar power:

An alliance of corporations and conservative activists is mobilising to penalise homeowners who install their own solar panels – casting them as “freeriders” – in a sweeping new offensive against renewable energy, the Guardian has learned.

Over the coming year, the American Legislative Exchange Council (Alec) will promote legislation with goals ranging from penalising individual homeowners and weakening state clean energy regulations, to blocking the Environmental Protection Agency, which is Barack Obama’s main channel for climate action.

Details of Alec’s strategy to block clean energy development at every stage – from the individual rooftop to the White House – are revealed as the group gathers for its policy summit in Washington this week.

Great shades of Elvis.

This level of evil and the stupidity is a complete mind f%$#.