Tag Archives: place

The 21st Century Sure Has Been a Great Time to Be a Corporation

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

This is apropos of nothing in particular. I was just noodling around on something else and happened to run across this data, so here it is. The economic recovery of the Bush years might have been pretty anemic for most of us, but it was sure a great time for the corporate world: Between 2001 and 2006, pretax profits went up 3x and after-tax profits went up even more. These profits dipped during the Great Recession, of course, but they’ve fully recovered since then. All in all, since the start of the 21st century the income of ordinary folks has declined about 5 percent, but after-tax profits in the nonfinancial sector have gone up nearly 4x. Nice work, business titans!

See original: 

The 21st Century Sure Has Been a Great Time to Be a Corporation

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on The 21st Century Sure Has Been a Great Time to Be a Corporation

Come On, Folks, Give Nikki Haley a Break

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

My Twitter feed has been alight with mockery of the latest from South Carolina Gov. Nikki Haley: “We’ve never, in the history of this country, passed any laws or done anything based on race or religion,” she said at a press conference today. What an idiot!

But, you know, always click the link. Here’s the full quote:

When you’ve got immigrants who are coming here legally, we’ve never in the history of this country passed any laws or done anything based on race or religion. Let’s not start that now.

This still isn’t quite correct: After World War I a series of immigration restrictions were passed that explicitly favored northern European whites; limited immigration of Southern and Eastern Europeans; and banned Asian immigrants almost entirely. Still, Haley can be forgiven for not knowing this. It’s not especially common knowledge these days. In any case, she obviously wasn’t pretending that Jim Crow and its ilk never existed.

So let’s dial down the faux outrage. Haley was doing the Lord’s work here, criticizing Donald Trump’s call to bar Muslims from entering the country. In fact, given the context, she might have meant to refer not to immigrants at all, but merely to people visiting the country on ordinary visas—in which case she didn’t really say anything wrong at all. Either way, though, she did nothing worse than betray an incomplete knowledge of American history while talking off the cuff. It’s hardly a big deal.

Excerpt from:

Come On, Folks, Give Nikki Haley a Break

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Come On, Folks, Give Nikki Haley a Break

Iran Releases American Sailors

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Am I the only who senses that conservatives are pretty disappointed that Iran released our sailors quickly and without any fuss? Maybe I’m just being hypersensitive….

See original article: 

Iran Releases American Sailors

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , | Comments Off on Iran Releases American Sailors

World Leaders Just Agreed to a Landmark Deal to Fight Global Warming

green4us

Will the Paris Agreement be enough? There’s a deal. lexaarts/Shutterstock; NASA; Photo illustration by James West There was relief and celebration in Paris Saturday evening, as officials from more than 190 countries swept aside monumental differences and agreed to an unprecedented global deal to tackle climate change. The historic accord, known as the Paris Agreement, includes emissions-slashing commitments from individual countries and promises to help poorer nations adapt to the damaging effects of a warming world. Negotiators also agreed on measures to revise, strengthen, and scrutinize countries’ contributions going forward. However, the deal leaves some key decisions to the future, and it is widely recognized as not representing an ultimate solution to climate change. Instead, it sets out the rules of the road for the next 10 to 15 years and establishes an unprecedented international legal basis for addressing climate issues. Within the agreement, nearly every country on Earth laid out its own plan for reducing greenhouse gas emissions and adapting to climate change impacts. Although those individual plans are not legally binding, the core agreement itself is. The deal sets a long-term goal of keeping the increase in the global temperature to “well below” 2 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels and calls on countries to “pursue efforts” to limit the increase to 1.5 degrees C. It adds that “parties aim to reach a global peaking of greenhouse gas emissions as soon as possible.” French Foreign Minister Laurent Fabius, who has served as chair of the two-week summit, said the deal is the most ambitious step ever taken by the international community to confront climate change. In announcing the deal, President Barack Obama clinched a major foreign policy success years in the making and secured long-term action on climate change as a core part of his legacy, despite extraordinary opposition at home from the Republican majority in Congress. During the second week of the talks in Paris, Secretary of State John Kerry was a driving force, delivering several high-profile speeches in which he sought to cast the US as a leader on climate action. For Kerry, who has been a prominent voice in climate summits for two decades, it was essential to craft a deal the US could agree to and not to return home empty-handed. The deal signals that world leaders are now committed to responding to the dire scientific warnings about the impacts of warming. Rising concentrations of carbon dioxide in the atmosphere from burning fossil fuels and other human activities are threatening to usher in an era of rising sea levels, sinking islands, scorching heat waves, devastating droughts, mass human migration, and destruction of ecosystems. Among the deal’s biggest successes is a commitment to produce a global review of climate progress by 2018 and to bring countries back to the negotiating table by 2020 to present climate targets that “will represent a progression beyond the Party’s then-current” target. In other words, countries are committed to ramping up their ambition in the short term. This was an essential item for many people here, since the current raft of targets only keeps global warming to 2.7 degrees C, not 1.5. The deal also promises to hold every country accountable to the same standard of transparency in measuring and reporting their greenhouse gas emissions; this was a provision that the US had pushed hard for in order to ensure that other big polluters such as China and India abide by their promises. “Countries have united around a historic agreement that marks a turning point in the climate crisis,” said Jennifer Morgan, global director of the climate program at the World Resources Institute. “This is a transformational long-term goal that should really send clear signals into the markets” about the imminent decline of fossil fuel consumption. The deal is expected to be a boon for the clean energy industry, as developing and developed countries alike increase their investments in wind, solar, and other renewable energy sources. Early in the talks, a high-profile group of billionaire investors, including Bill Gates and Mark Zuckerberg, promised to pour money into clean energy research, and a critical component of the agreement is a commitment for developed countries to transfer clean technologies to developing countries. “If we needed an economic signal from this agreement, I think this is rather remarkable,” said Michael Jacobs, a senior advisor at New Climate Economy. Still, parts of the deal left some environmental groups unsatisfied, particularly with respect to financing for clean energy technology and climate change adaptation. The deal requires all developed countries to “provide financial assistance to assist developing country Parties with respect to both mitigation and adaptation.” Although the deal sets a floor of $100 billion for that assistance and calls for that number to be raised by 2025, it doesn’t specify a new higher target and does not commit any country, including the US, to any particular share of that. The deal also specifies that nothing in it can be construed as holding countries with the biggest historical contribution to climate change—most importantly the US—legally or financially liable for climate change-related damages in vulnerable countries. And it provides no specific timeline for peaking and reducing global greenhouse gas emissions; according to some scientists, that will need to happen within the next few decades for the 1.5 degrees C target to be achievable. “There’s not enough in this deal for the nations and people on the frontlines of climate change,” said Kumi Naidoo, international executive director of Greenpeace, in a statement. “It contains an inherent, ingrained injustice. The nations which caused this problem have promised too little help to the people who are already losing their lives and livelihoods.” The task of delegates at Le Bourget, a converted airport north of Paris, over the past two weeks was substantial. After all, more than two decades of UN-led climate talks had failed to produce a global deal to limit greenhouse gases. The Copenhagen talks in 2009 collapsed because officials couldn’t agree on how to level the playing field between rich and poor countries, sending negotiations into a morass of recriminations. Before that, the Kyoto protocol in 1997 also failed—the US and China didn’t ratify it, and it only covered about 14 percent of global carbon emissions. This year’s negotiations, the 21st in the series of UN climate talks, had to be different. One of the major reasons negotiators were able to reach a deal was that much of the work had been done in advance. By the time Paris rolled around, more than 150 countries had promised to change the way they use energy, detailing those changes in the form of individual commitments. Known as INDCs, these pledges formed the basis of Saturday’s deal. Of course, the INDCs won’t be legally binding, and even if most countries do manage to live up to their promises, they aren’t yet ambitious enough to prevent dangerous levels of warming. The latest estimate is that the INDCs will limit global warming to about 2.7 degrees Celsius above pre-industrial levels. That’s above the 2 degrees C (3.6 degrees F) limit scientists say is necessary to avert the worst impacts of global warming—and far above the 1.5 degrees Celsius target that negotiators in Paris agreed to aim for. But it’s also about 1 degree C less warming than would happen if the world continued on its present course. The Paris summit began as the largest meeting of government leaders in history (outside the UN building in New York) just two weeks after ISIS-affiliated terrorists killed 130 people across the city. While French officials immediately promised the talks would continue, they soon banned long-planned, massive climate protests, citing security concerns. That decision set the stage for several skirmishes between police and protesters, who remained committed to disrupting the talks in order to highlight issues such as sponsorship from big oil companies and the plight of poorer countries. At one protest, an estimated 10,000 people formed a human chain in the Place de la République, the site of a spontaneous memorial to the victims of the Paris attacks. There were scores of arrests. But the climate talks themselves went ahead as planned. Some 40,000 heads of state, diplomats, scientists, activists, policy experts, and journalists descended on the French capital for the event. Perhaps the biggest factor driving the negotiators’ unprecedented optimism was the fact that the two biggest greenhouse gas emitters, and the world’s two biggest economies—the US and China—had made a public show of working together to get an agreement. A landmark climate deal between the two countries in November 2014 built critical momentum. China later promised to create a national cap-and-trade program to augment a suite of emissions-control policies. The Obama administration, meanwhile, pushed through its Clean Power Plan regulations, despite aggressive resistance from Republicans. Still, as the talks neared their conclusion on Friday, tensions were rising between the so-called “High Ambition Coalition”—a negotiating bloc including the US, European Union, and dozens of developing countries—and China and India. Nevertheless, a rare alliance between world leaders ultimately prevailed: Pope Francis, for one, campaigned tirelessly for a climate deal ahead of the talks, decrying the “unprecedented destruction of the ecosystem.” All of this cleared the way for large groups of developed and developing countries to cooperate at the talks. Bigger countries appeared ready to work with the 43-country-strong negotiating bloc of highly vulnerable developing nations. Recent changes of leadership in Canada and Australia, notable adversaries of climate action in recent years, switched these mid-sized players into fans of a deal before the talks. Even Russia’s Vladimir Putin seemed to have an eleventh hour change of heart—or, at least, of rhetoric—and called for action.

Read original article: 

World Leaders Just Agreed to a Landmark Deal to Fight Global Warming

Related Posts

Breaking: World Leaders Just Agreed to a Landmark Deal to Fight Global Warming
2014 Was the Year We Finally Started to Do Something About Climate Change
The World’s Plan to Save Itself, in 6 Charts
Leave Fossil Fuels Buried to Prevent Climate Change, Study Urges
Was 2014 Really the Warmest Year? Here’s Why It Doesn’t Matter.
Will the Planet Survive the Next 24 Hours?

Share this:






Link: 

World Leaders Just Agreed to a Landmark Deal to Fight Global Warming

Posted in eco-friendly, FF, G & F, GE, Hagen, LAI, Landmark, Monterey, ONA, OXO, PUR, solar, solar power, Ultima, Uncategorized | Tagged , , , , , , , | Comments Off on World Leaders Just Agreed to a Landmark Deal to Fight Global Warming

Ted Cruz Explains the Great Recession

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Jim Pethokoukis draws my attention to Ted Cruz’s theory of why the Great Recession was so great. Here is Joseph Lawler describing Cruz’s questioning of Fed chairman Janet Yellen yesterday:

Cruz began a round of questioning by stating that, in the summer of 2008, “the Federal Reserve told markets that it was shifting to a tighter monetary policy. This, in turn, set off a scramble for cash, which caused the dollar to soar, asset prices to collapse and the consumer price index to fall below zero, which set the stage for the financial crisis.”

….Yellen, although used to obscure or hostile questions from members of Congress, seemed taken off-guard. “I think the Fed responded pretty promptly in easing monetary policy to the pressures that were emerging,” she responded, saying that she wouldn’t blame the financial crisis on the Fed failing to lower rates during the meeting. She also noted that the Fed had lowered its target rate to zero by December.

I think you can argue that the Fed should have responded sooner and more forcefully to the events of 2008, but the problem with Cruz’s theory is that it just doesn’t make sense. Take a look at the chart on the right, which shows the Fed Funds target rate during the period in question. In April 2008, the Fed lowered its target rate to 2 percent. Then it waited until October to lower it again.

So the idea here is that if the Fed had acted, say, three months earlier, that would have saved the world. This ascribes super powers to Fed open market policy that I don’t think even Scott Sumner would buy. Monetary policy should certainly have been looser in 2008, but holding US rates steady for a few months too long just isn’t enough to turn an ordinary recession into the biggest global financial meltdown in nearly a century.

Cruz would like to blame the Fed, but they bear only a modest responsibility. Better culprits include underregulation of shadow banking; a housing bubble fueled partly by fraud and partly by Wall Street irresponsibility; excess systemic leverage; and Republican unwillingness to fight the recession with fiscal policy. Unfortunately, none of those fit Cruz’s agenda. So the Fed it is.

Continue reading here – 

Ted Cruz Explains the Great Recession

Posted in FF, G & F, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on Ted Cruz Explains the Great Recession

While OPEC Meets, Oil Prices Continue to Plummet

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

With oil prices plummeting below $40 per barrel, OPEC is meeting to decide what to do. The answer is…. probably nothing:

Oil prices dropped Friday as traders braced for official word out of a highly anticipated meeting of the Organization of the Petroleum Exporting Countries. Prices slid following conflicting media reports that OPEC had either kept its oil-output target unchanged or increased it. There was also confusion as to whether production in Indonesia, which just rejoined the group, will be included in the target.

….An internal OPEC document reviewed by The Wall Street Journal showed that, if current production remains unchanged, markets will still be oversupplied by 700,000 barrels a day in 2016….The key issue for OPEC is Iran, which is expected to return to the global oil market after the lifting of the international sanctions early next year. Analysts say the country could quickly ramp up production by around 500,000 barrels, adding to the oversupply of crude.

Between fracking, Iran, and slow demand growth thanks to the sluggish global economy, oil prices just aren’t likely to increase in the near future. This is:

Good news for consumers, who get cheaper gasoline.
Probably bad news for global warming, since it makes cleaner fuel sources uncompetitive with oil.
Bad news for OPEC members, which might be bad news for the rest of us. Low prices probably mean cutbacks in government services, which in turn could lead to more widespread unrest. Needless to say, this is not something the Middle East needs right now.
Good news for Hillary Clinton, since the fortunes of the incumbent party have historically been better when gas prices are lower.

Oh: and bad news for us peak oil folks. I don’t have any worries that we’ll hit peak oil eventually, but the Great Recession sure put off the date. I had long figured that 2015 was going to be the peak date, but it now looks like it will probably be 2020 at the earliest, and maybe more like 2025 or so.

Excerpt from: 

While OPEC Meets, Oil Prices Continue to Plummet

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on While OPEC Meets, Oil Prices Continue to Plummet

If ISIS Had a Bomb That Could Put the East Coast Underwater…

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

This story was originally published by the New Republic and is reproduced here as part of the Climate Desk collaboration.

On the first of my two flights this weekend, I sat next to a defense contractor from Kentucky. He was on his way to Fairbanks, Alaska, for a project that sounded at once too mundane and too secretive to ask him to explain. The forecast up there was calling for temperatures to dive past 20 degrees below zero. He told me he planned to go straight from his next plane to a heated bus to the project to his heated hotel. Then he asked me where I was going.

“Paris,” I told him.

He mulled this over. “Well, you be careful,” he finally offered, reassuringly.

I knew what he meant. It had been a little more than two weeks since 130 people were killed in simultaneous attacks on restaurants, a concert hall, and France’s national soccer stadium, followed by police raids against the jihadists said to be responsible. So, like my seatmate, when most Americans think of Paris right now, they think of ISIS cells and flag-waving solidarity.

But I wasn’t coming to Paris to cover terrorism. I was coming to cover something that all of us have heard a lot less about in recent weeks, but whose stakes are far more important: a last-ditch effort by the world’s leaders to stop the most dangerous effects of climate change.

If that sounds like an exaggeration, you haven’t read the science. Earth’s average temperature has risen about 0.85 degrees Celsius (1.53 degrees Fahrenheit) since the late nineteenth century. We’re already seeing heat waves, forests burning, intensified droughts and hurricanes, and glaciers melting away before our eyes. As we start nearing a 2-degree increase, what once sounded like dystopian science fiction starts becoming reality: rising seas wiping out whole nations and parts of major cities, mass food shortages, and feedback loops we don’t even understand yet spiraling out of control. Without major action, we’re on track for anywhere from a 4 to 6 degree increase by the end of this century.

What that action will look like—and exactly how much destruction the world is willing to accept—is what is supposed to be determined at this conference.

That the build-up to these negotiations to assure humanity’s continued survival on Earth were overshadowed in the US by the latest battle between jihadists and everyone else, the interminable presidential primary, Thanksgiving, the college football playoff draw, and on and on tells you a lot about how we got to this point. If ISIS had a bomb that could put much of the East Coast underwater, torch millions of acres of forest, and threaten the entire world’s food supply, I’d like to think that stopping them would be a national obsession that would eclipse everything else.

But ISIS is a foreign enemy that we can fight and probably defeat without most of us having to sacrifice anything; even the fight itself can make us feel good about ourselves. Climate change is a vague, horrifying threat that affects everything. (Don’t forget that Syria’s civil war, the conflagration that turned ISIS into an international force, was also fueled in part by a drought sparked by climate change.)

Moreover, it’s a threat in which we ourselves are the problem, which means that stopping it will require that we change how we live in more ways than most people are comfortable imagining. And everyone is implicated. The fact that nearly everyone at this conference burned tanks full of jet fuel to get here is not lost on the organizers—they offered everyone attending a carbon offset to pay into, even though carbon offsets have been repeatedly shown not to work.

Still, if the first day has been any indication, most of the world’s governments are taking the threat seriously, or at least feel the need to look like they are. Previous climate conferences have been known for slow starts; some journalists and officials told me they’d learned the hard way not to bother coming until toward the end. But this time, no fewer than 150 heads of state showed up for the morning’s opening session, including President Barack Obama, Chinese President Xi Jinping and Vladimir Putin. Obama has reportedly met with Putin. Benjamin Netanyahu and Mahmoud Abbas shook hands. (Putin apparently blew off Turkey’s Recep Tayyip Erdogan.) John Kerry is floating around somewhere. While I was sitting off to one side, UN Secretary-General Ban Ki-moon and Bill Gates walked by, each mostly unnoticed by people rushing between other meetings in the hall.

Despite all the heavyweights, and constant reminders in speeches and press coverage of the recent attacks, the security at this conference center next to a minor Paris airport does not feel all that overwhelming. Beyond the football fields’ worth of metal detectors and X-ray machines at the entrance, and a healthy complement of lightly armed security throughout the complex, it was easier to get here and move around than during similarly high-powered events at the UN’s New York headquarters, or to walk around landmarks on any given day in post-9/11 Washington. It will be telling in the coming days to see if the easy mingling helps with the negotiations.

There are plenty of people who think this conference will not be serious enough. UN Climate Chief Christiana Figueres has been saying for months that she expects the Paris deal to fall far short of holding global temperature increases to 2 degrees. Thousands of demonstrators joined hands in Paris Sunday in defiance of a ban on rallies, to protest what one organizing group said would be “false solutions” in an agreement that would be “obsolete before it is signed.” Police fired tear gas to clear the Place de la République, and at least 280 people were arrested. One grassroots group emailed a press release at midday to call the as-yet-non-existent accord “a crime against vulnerable communities.”

And it’s true that the event has a everyone’s-chamber-of-commerce kind of atmosphere. The main hall feels more like Epcot than a political summit, with countries setting up pavilions to promote their climate initiatives. Mexico’s booth, done in faux-Aztec stonework, flashed pictures of waterfalls and rainforests alongside the same multicolored logo it uses on tourism posters. India’s featured an electronic waterfall that spat out designs such as climate-justice phrases and a human face that may or may not have been Prime Minister Narendra Modi. Indonesia, which is currently on fire thanks in large part to deforestation to produce palm oil, had a video screen proclaiming the environmental benefits of…palm oil.

But however mitigated the expectations, however low the attention, this is the climate conference we’ve got. The agreements that get made here over the next two weeks will likely do more than any others to decide what kind of planet we, and everyone born after us, gets to live on. I’ll be here for the duration, keeping an eye on things. À bientôt.

Read original article:  

If ISIS Had a Bomb That Could Put the East Coast Underwater…

Posted in alo, Anchor, eco-friendly, Everyone, FF, GE, LAI, Landmark, LG, ONA, Oster, Radius, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on If ISIS Had a Bomb That Could Put the East Coast Underwater…

John Roberts Now Officially the Fourth Conservative Sellout on the Supreme Court

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

From Quin Hillyer at National Review:

With today’s Obamacare decision, John Roberts confirms that he has completely jettisoned all pretense of textualism. He is a results-oriented judge, period, ruling on big cases based on what he thinks the policy result should be or what the political stakes are for the court itself. He is a disgrace. That is all.

So there you have it. Roberts has now joined a long line of conservative sellouts, from Harry Blackmun to John Paul Stevens to David Souter. After Souter, Republicans swore this would never happen again and insisted on nominating only hardline conservatives with a long paper trail: Clarence Thomas, John Roberts, and Sam Alito. But now Roberts has let them down. It turns out that the ability to hold onto conservative principles while serving under Ronald Reagan is insignificant next to the power of the Washington DC cocktail party circuit.

Still, at least Republicans can now end their embarrassing charade of pretending to have a plan to fix things up if the court had ended Obamacare subsidies in states without their own exchanges. I think it’s pretty safe to say that even the pretense of “working on” a plan to replace Obamacare will now be dumped quietly on the ash heap of history—until Republicans have a presidential nominee in hand, at which point the charade will have to start all over. But I think we already know what their bold new plan it will contain. There are few surprises in the land of conservative ideas.

Original article:  

John Roberts Now Officially the Fourth Conservative Sellout on the Supreme Court

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on John Roberts Now Officially the Fourth Conservative Sellout on the Supreme Court

The Wit and Wisdom of Antonin Scalia, the Supreme Court’s Lovable Curmudgeon

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Here is Antonin Scalia’s dissent in the Obamacare case. Although Scalia would not approve, I have arranged the excerpts out of order so they make more sense and are more amusing. I have also eliminated all the legal arguments and other boring parts. You can always read the full opinion here if you want. For now, though, tell us what you really think, Mr Scalia:

Words no longer have meaning if an Exchange that is not established by a State is “established by the State.”

Yet the opinion continues, with no semblance of shame, that “it is also possible that the phrase refers to all Exchanges—both State and Federal.”

But normal rules of interpretation seem always to yield to the overriding principle of the present Court: The Affordable Care Act must be saved. Scalia makes it clear throughout that he’s still really pissed about losing the original Obamacare case in 2012. –ed.

Contrivance, thy name is an opinion on the Affordable Care Act!

Faced with overwhelming confirmation that “Exchange established by the State” means what it looks like it means, the Court comes up with argument after feeble argument to support its contrary interpretation.

The Court’s next bit of interpretive jiggery-pokery involves other parts of the Act that purportedly presuppose the availability of tax credits on both federal and state Exchanges….Pure applesauce.

The somersaults of statutory interpretation they have performed…will be cited by litigants endlessly, to the confusion of honest jurisprudence. And the cases will publish forever the discouraging truth that the Supreme Court of the United States favors some laws over others, and is prepared to do whatever it takes to uphold and assist its favorites.

We should start calling this law SCOTUScare.

View original post here – 

The Wit and Wisdom of Antonin Scalia, the Supreme Court’s Lovable Curmudgeon

Posted in FF, GE, LG, ONA, PUR, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on The Wit and Wisdom of Antonin Scalia, the Supreme Court’s Lovable Curmudgeon

Greece Gives Europe What It Wants, Europe Says No Anyway

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

European leaders were in final, last-ditch, eleventh-hour, crisis talks with their Greek counterparts today, which by my count is at least the third time we’ve held final, last-ditch, eleventh-hour, crisis talks in the past two weeks. This leaves me a little unsure of when the real “world will explode” deadline is anymore. But soon, I’m sure.

In any case, as Paul Krugman notes, the Europeans are no longer merely demanding concessions of a certain size from the Greeks, they now want final say over the exact makeup of the concessions:

The creditors keep rejecting Greek proposals on the grounds that they rely too much on taxes and not enough on spending cuts. So we’re still in the business of dictating domestic policy.

The supposed reason for the rejection of a tax-based response is that it will hurt growth. The obvious response is, are you kidding us? The people who utterly failed to see the damage austerity would do — see the chart, which compares the projections in the 2010 standby agreement with reality — are now lecturing others on growth? Furthermore, the growth concerns are all supply-side, in an economy surely operating at least 20 percent below capacity.

Basically, the Europeans just can’t seem to say yes even when they get what they want. Besides, although tax increases probably will hurt Greek growth, so will spending cuts. There’s just no way around it. The Greek economy is completely moribund, and any kind of austerity is going to make it worse. But the Europeans want austerity anyway, and they have the whip hand, so now they’ve decided they also want to dictate the exact nature of the concrete life preservers they’re throwing to Greece.

The Greeks have little choice left, unless they’re willing to leave the euro, which would cause massive short-term pain at home. Maybe they will, but it would take a backbone of steel to do it. Voters would probably cheer raucously the first night, but be in a mood to vote the entire team out of office after about the second day, when their savings and pensions were converted into New Drachmas and suddenly slashed in half. There is no happy ending to this.

See the original article here: 

Greece Gives Europe What It Wants, Europe Says No Anyway

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Greece Gives Europe What It Wants, Europe Says No Anyway