Thursday Open Thread

by Jerome a Paris
Thu Jun 18th, 2009 at 09:58:59 AM EST

18 June


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But worth a read:


Barack Hoover Obama: The best and the brightest blow it again

Just as Herbert Hoover came to internalize the "business progressivism" of his era as a welcome alternative to the futile, counterproductive conflicts of an earlier time, so has Obama internalized what might be called Clinton's "business liberalism" as an alternative to useless battles from another time--battles that liberals, in any case, tended to lose.

Clinton's business liberalism, however, is a chimera, every bit as much a capitulation to powerful and selfish interests as was Hoover's 1920s progressivism. We are back in Evan Bayh territory here, espousing a "pragmatism" that is not really pragmatism at all, just surrender to the usual corporate interests. The common thread running through all of Obama's major proposals right now is that they are labyrinthine solutions designed mainly to avoid conflict. The bank bailout, cap-and-trade on carbon emissions, health-care pools--all of these ideas are, like Hillary Clinton's ill-fated 1993 health plan, simultaneously too complicated to draw a constituency and too threatening for Congress to shape and pass as Obama would like. They bear the seeds of their own defeat.

Obama will have to directly attack the fortified bastions of the newest "new class"--the makers of the paper economy in which he came of age--if he is to accomplish anything. These interests did not spend fifty years shipping the greatest industrial economy in the history of the world overseas only to be challenged by a newly empowered, green-economy working class. They did not spend much of the past two decades gobbling up previously public sectors such as health care, education, and transportation only to have to compete with a reinvigorated public sector. They mean, even now, to use the bailout to make the government their helpless junior partner, and if they can they will devour every federal dollar available to recoup their own losses, and thereby preclude the use of any monies for the rest of Barack Obama's splendid vision.

Franklin Roosevelt also took office imagining that he could bring all classes of Americans together in some big, mushy, cooperative scheme. Quickly disabused of this notion, he threw himself into the bumptious give-and-take of practical politics; lying, deceiving, manipulating, arraying one group after another on his side--a transit encapsulated by how, at the end of his first term, his outraged opponents were calling him a "traitor to his class" and he was gleefully inveighing against "economic royalists" and announcing, "They are unanimous in their hatred for me--and I welcome their hatred."

Obama should not deceive himself into thinking that such interest-group politics can be banished any more than can the cycles of Wall Street. It is not too late for him to change direction and seize the radical moment at hand. But for the moment, just like another very good man, Barack Obama is moving prudently, carefully, reasonably toward disaster.

This is the conclusion. If anyone is interested, I can send a word version by email.


In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Jun 18th, 2009 at 10:21:27 AM EST
Obama should not deceive himself into thinking that such interest-group politics can be banished any more than can the cycles of Wall Street. It is not too late for him to change direction and seize the radical moment at hand. But for the moment, just like another very good man, Barack Obama is moving prudently, carefully, reasonably toward disaster.

It's like "Financial Indiana Jones"; call it "Barack Obama and the Economic House of Cards" or ...

I love the smell of roast chicken in the morning!

by THE Twank (yatta blah blah @ blah.com) on Thu Jun 18th, 2009 at 11:19:15 AM EST
[ Parent ]
Rather similar in tone, if not in sarcasm to the Bill Maher thing TBG (?) posted last night where BM suggested he needs to be more like George Bush (hear the audience groan at that).

"Not so much audacity of hope, but hoping for some audacity".

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 18th, 2009 at 11:41:22 AM EST
[ Parent ]
Read it a couple weeks ago at the library. What a stroll. I haven't picked up a Harper's in years. Almost difficult to believe I once subscribed!

Cover story. The essayist is manic, more's the pity, he couldn't figure out how to lever the Hoover hook. The RFC  summary is criminal though. Worst. Research. Effort. Ever. (WREE) by a paid professional, lately.

Diversity is the key to economic and political evolution.

by Cat on Thu Jun 18th, 2009 at 12:08:14 PM EST
[ Parent ]

Exacerbating the entire situation was the RFC itself. Hoover's leading weapon to combat the Depression performed with TARP-like languor, secrecy, and nepotism. Throughout 1932, as banks continued to topple by the hundreds, the RFC disbursed only three-quarters of its available money. Although Hoover had declared that the agency was "not created for the aid of big industries or big banks," a record of its operations revealed that most of its money had indeed gone to a very few of the country's biggest financial institutions. In June of 1932, the RFC's president, Charles G. Dawes--who had just served as vice president of the United States under Calvin Coolidge--resigned his post, took a new job as head of the Central Republic Bank in Chicago, and promptly secured for his employer an RFC loan that nearly equaled the bank's total deposits. Dawes's successor, Atlee Pomerene, then lent another $12 million to a Cleveland bank of which he remained a director.

These facts were, in the end, wrestled out in the open only by congressional fiat. The recipients of some $642 million of the RFC's loans--nearly half its total expenditures--were not revealed at all. Hoover, like Obama, had insisted on secrecy to keep the proceedings from being "politicized," but, inevitably, this fear of politicization in the end only led to more politics. The writer John T. Flynn, who reported much of the RFC scandal in the pages of this magazine, found that most of the money was distributed "by a group of directors drawn from those business groups whose performances during the pre-crash years have rendered them objects of suspicion to the American people" and that the "immense sums they dispensed were given to borrowers, many of whom, to put it mildly, have forfeited, justly or unjustly, the confidence of the people."

The RFC's deliberations were understood--with good reason--not as effective management but as insider dealing: common financial practice through the 1920s, but politically and morally insupportable at a time when millions of Americans were losing their jobs, their homes, and their savings, and when some were literally dying of starvation. What's more, even the loans that were made proved less than effective. The rescued banks, much like the rescued banks today, simply hoarded the new capital and refused to venture out into the marketplace.



In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Jun 18th, 2009 at 12:46:36 PM EST
[ Parent ]
Hoover implementation of the RFC last about 12 months.

The RFC Liquidation Act of 1953 terminated RFC lending authority and abolished the corporation, effective June 30, 1957. The remaining functions and outstanding loans of the RFC were transferred to the Housing and Home Finance Agency, General Services Administration, Small Business Administration (SBA) and the Treasury. Over the period, the RFC had lent approximately $13 billion.

In other news, NBER has not yet declared the US economy in recession.

1, 2, 3, 4, etc etc ... but that's just me commenting here and there.

The least Cover Boy cooda done was summed up a search of frothing Time magazine period pieces. Hilarious...

1934: The day after President Roosevelt sent his budget message to Congress, citizens thumbed through the letter "S" in dictionaries looking for words to express emotion. Republicans magnified their feelings with "shocking." Democrats minimized theirs with "startling." Some liked "stupendous," others preferred "shudder," but most overworked word in the U. S. vocabulary was "staggering." The President planned to have the U. S. spend $31,179 a minute--every minute night and day--till June 30. He planned to have the U. S. borrow $6,000,000,000 before June 30--an amount slightly larger than the total amount of U. S. currency in circulation. He proposed to have the U. S. spend $17,000,000,000 in this fiscal year and next. He foresaw a public debt by July 1935 of nearly $32,000,000,000-- $6,000,000,000 higher than the post-War peak. The budget for fiscal 1934 (ending June 30 next) was presented to Congress in December 1932 by Herbert Hoover. That budget was revised by Franklin Roosevelt during the special session of Congress last spring. Last week it turned up again along with the budget for fiscal 1935, in the President's twin-budget message.

Outlay. When President Hoover planned the budget for fiscal 1934 the expected outlay for the Government came to $3,257,000,000. President Roosevelt did two things to that figure. He lopped off $360,000,000 of veteran's pensions, and he set aside in a separate budget all emergency expenses.

1938: One section of Franklin Roosevelt's new pump-priming program that Congress has passed on is a law allowing RFC to use $1,500,000,000 for loans of almost any sort. Last week, therefore, RFC Chairman Jesse Jones took to the air to invite businessmen to "come and get it." This they did with a rush: in Manhattan, for example, the Hotel New Yorker politely but firmly asked a bureau of the Smaller Business Association of New York to leave after 600 would-be borrowers had stormed it one morning in search of RFC loan application blanks. Nonetheless, Jesse Jones and Franklin Roosevelt were apparently not satisfied that enough uses had yet been found for RFC munificence. After White House conferences between Messrs. Roosevelt, Jones, SEC Chairman William O. Douglas and SEC Commissioner John W. Hanes. RFC revealed three more plans for injecting money into the hardening arteries of U. S. Commerce.

Underwriting. SEC last week announced that registration of new securities in the first quarter of 1938 set a three-year low of $355,819,000. In Wall Street it was considered quite a feat that a banking syndicate headed by Morgan Stanley & Co. managed to float successfully a $60,000,000 refunding for Consolidated Edison Co. of New York. Thus underscored still again was the almost complete stagnation of U. S. money markets which has existed for the last six months. Financiers are agreed that needed expansion of industry cannot occur until this stagnation is ended. But underwriters generally are too scared to attempt the job. Last week Jesse Jones announced that RFC would shortly undertake to underwrite the underwriters with secured loans.

in contrast to the palpitating New Deal offered Kenosha, WI, also 1938. F'r instance.

Congressional investigation of the RFC had no political momentum under Truman and Ike until FDR and Jesse Jones were DEAD.

BWAHAHAHAHAHAHAHA....

Diversity is the key to economic and political evolution.

by Cat on Thu Jun 18th, 2009 at 06:19:28 PM EST
[ Parent ]
This is too funny.

1953:  When the first batch of RFC's assets went on sale last week as part of the plan to put the agency out of business, the results were disappointing. Of the 171 lots of local Government bonds, worth $9,283,784, only 98 lots were bid for, and some offers ran as low as 50¢ on the dollar. Bids for only 39 lots were accepted, netting RFC $1,492,982, about 93% of their face value. Said RFC Boss Kenton Cravens: "No assets will be disposed of at undue sacrifice. There will be no rummage sales."


Diversity is the key to economic and political evolution.
by Cat on Thu Jun 18th, 2009 at 06:48:04 PM EST
[ Parent ]
Hoover, like Obama, had insisted on secrecy to keep the proceedings from being "politicized," but, inevitably, this fear of politicization in the end only led to more politics.

Ol' Kev is confusing Hoover with FDR, more precisely, Jesse Jones. Hoover implementation was contemporaneously and is now considered a fiscal and monetary strategy failure, because (1) Congress authorized insufficient RFC capital coverage of R&R, utility-backed assets* and (2) Congress required public disclosure of borrowers so discouraging participation rates among opened and closed (or failing) banks who purportedly feared panic. "Large-scale" amounts of loans authorized and disbursed per annum were 1932, 1933. Then RFC began purchasing preferreds, the amounts of which peaked in 1934 though the rate thereafter increased. Democrats authorized RFC direct lending to businesses in 1934 (Sprinkle).

Doubtless brokers tried to game this "system" of quantitative easing. It seems clear in the lore Jones enjoyed greater latitude and uncontested discretion lubing industry cronies.

---
*RFC funded by $1.5B bond issue + appropriation. Congress prohibited FRB discount and purchase of the debt. By 1944 Treasury healt all outstanding notes.

Diversity is the key to economic and political evolution.

by Cat on Thu Jun 18th, 2009 at 08:01:05 PM EST
[ Parent ]
So how many of you guys and gals are on facebook? I resisted registering for the longest time (I'm one of those early adopters...), but I finally gave in the other week. Anyway, as it turns out, it isn't too bad a way to keep in touch with old friends and classmates. Though the obvious exhibitionist streak in some cases is giving me pause...

Oh, and feel free to add me ;)

"The basis of optimism is sheer terror" - Oscar Wilde

by NordicStorm (michael<-at->sturmbaum.net) on Thu Jun 18th, 2009 at 10:35:51 AM EST
LEP will be interested! :) He's looking for new friends!

Myself, I'm there - but I've been infamous for neglecting it for months...

by Nomad on Thu Jun 18th, 2009 at 10:43:41 AM EST
[ Parent ]
So, well on our way for the "one million strong against Barroso" group then...;)

"The basis of optimism is sheer terror" - Oscar Wilde
by NordicStorm (michael<-at->sturmbaum.net) on Thu Jun 18th, 2009 at 10:50:10 AM EST
[ Parent ]
someone with some of his history want to do a diary on him?

what does he stand for?

opportunism?

"Two wrongs don't make a right, but three lefts do." Jim Hightower

by melo (melometa4(at)gmail.com) on Thu Jun 18th, 2009 at 10:53:16 AM EST
[ Parent ]
For one thing he is rather Atlanticist - Portugal was part of the coalition of the willing.

"The basis of optimism is sheer terror" - Oscar Wilde
by NordicStorm (michael<-at->sturmbaum.net) on Thu Jun 18th, 2009 at 11:14:09 AM EST
[ Parent ]
He hosted the Açores summit in early 2003 where Bush, Blair and Aznar discussed their strategy to get the UN Security Council to put a stamp of approval on their splendid little war of aggression and decided they had been defeated and needed to just get on with the bombing already.

16 March 2003 - Wikipedia, the free encyclopedia

U.S. President George W. Bush, U.K. Prime Minister Tony Blair, and Spanish Prime Minister José María Aznar meet in the Azores, Portugal for a summit on the Iraq disarmament crisis. One British official describes the meeting as the "last chance for diplomacy." In a press conference at the end of the meeting, President Bush states that "We concluded that tomorrow is a moment of truth for the world".


The brainless should not be in banking. — Willem Buiter
by Migeru (migeru at eurotrib dot com) on Thu Jun 18th, 2009 at 11:22:45 AM EST
[ Parent ]
thanks, migeru.

so 'enabling opportunist' might work.

has he ever contributed anything worthwhile, for balance?

"Two wrongs don't make a right, but three lefts do." Jim Hightower

by melo (melometa4(at)gmail.com) on Thu Jun 18th, 2009 at 05:22:41 PM EST
[ Parent ]
Facebook is totally evil.  

It also where I have been banished to if I wanna talk about Houellebecq, says Sassafras.   :(

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.

by poemless on Thu Jun 18th, 2009 at 11:08:44 AM EST
[ Parent ]
I came around to it after having been a while on Vkontakte, the Russian Facebook clone (and apparently the most popular website in Russia, Ukraine and Belarus). Extremely handy for keeping in touch with my Russian friends! Also, a complete and utter time-waster ;)

"The basis of optimism is sheer terror" - Oscar Wilde
by NordicStorm (michael<-at->sturmbaum.net) on Thu Jun 18th, 2009 at 11:19:26 AM EST
[ Parent ]
Poemless, it was intended to be a lighthearted reply about the yawning silence, followed by my confession of my inability to discuss him at the level you obviously wanted.

A sort of a "Yes, you're right, we don't seem to be up to the mark on this one, do we?"

Obviously I could have phrased it better, and if I offended you, I apologise.

by Sassafras on Thu Jun 18th, 2009 at 11:34:14 AM EST
[ Parent ]
Oh no need to apologize!

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
by poemless on Thu Jun 18th, 2009 at 11:39:41 AM EST
[ Parent ]
Yes well I got back late from another good night out in Montmartre and was suprised this morning to see that my comment on H was fairly coherent :-) But frankly I was a bit disappointed with the level at which poemless wanted to discuss it, which tended to stay at the "well I liked it" level - another provocation :-) I did add some references to informed comment, and followed up with quotations from a review of of a more recent novel by him, no surprise that it seems to be even more dire than Atomized - masochsists can check it out for themselves :-)  

Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience
by Ted Welch (tedwelch-at-mac-dot-com) on Thu Jun 18th, 2009 at 07:36:51 PM EST
[ Parent ]
Here's another review, maybe the reviewers are right - it is crap:


There could be some pathos and reach in this scenario and in the ways it plays itself out, but Houellebecq's range, which always veers quickly and self-consciously from disgust to sentimentality, does not want to allow for simple humanity; it would be too damaging to his vision. In its absence, you are left with a repetitive, clever shell of a world, a calculated atmosphere of pornography, gratuitous and starkly lit, which, though it is perhaps what the author is striving for, never feels quite enough.

http://www.guardian.co.uk/books/2005/oct/30/fiction.michelhouellebecq

It's also impoortant to note the context and ideology involved as I pointed out last night/this morning, and as this reviewer does:

Houellebecq shares with his creation a delight in provoking that most sensitive of audiences, the French intellectual left. He has not only delighted in satirising their revolutionary hypocrisy, but he has also enjoyed trampling on their political correctness, in particular with Islamophobic outbursts that had him in the dock for inciting religious hatred. Daniel1, like his author, is a satirist with a particularly transgressive act. He says the unsayable and is desolately thrilled by the millions of euros he makes from it.

Daniel1's shows have titles like Munch on my Gaza Strip and We Prefer the Palestinian Orgy Sluts. Liberals flock to see them, shower him with cash and remain unsure whether to denounce or acclaim him: 'I was a cutting observer of contemporary reality,' Daniel1 says of himself at one point, which sounds suspiciously like a publisher's blurb for Atomised, and this with lines like: 'Do you know what they call the fat stuff around the vagina? No? The woman.' How they laughed. 'I had found myself cast in the role of a hero of free speech,' he explains. 'Though personally, as regards freedom, I was rather against.'

You could read all of Houellebecq's work as a bleak elegy for the certainties of the republic and the church, a tirade against the dilution of the French nation by Americanisation and liberal multiculturalism - a kind of literary Le Penism. The only compensation his characters can find in this predictably joyless and godless world is in brief moments of erotic bliss.



Maybe it's because I'm a Londoner - that I moved to Nice. Blog - Nice Experience
by Ted Welch (tedwelch-at-mac-dot-com) on Thu Jun 18th, 2009 at 07:52:48 PM EST
[ Parent ]
Sorry, there wasn't many of us last night (save Helen who was holding the fort), so it felt like tumbleweeds at the edge of the desert...

I have read Houellebeq's Elementary Particles a few years ago; still have it somewhere in my bookcase with a jacket that says "Book of the year 1998". Don't remember much, besides cynicism, provocation, affected ennui mixed with  contempt for New Age blathering plus a good dose of porn.

If you're really into contemporary French lit., you could try JMG Le Clezio or (another favorite of mine) Andrei Makine.

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.

by Bernard on Thu Jun 18th, 2009 at 05:01:43 PM EST
[ Parent ]
It's almost always me {sigh}. I don't have a life, I just have ET.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 18th, 2009 at 05:13:06 PM EST
[ Parent ]
From another perspective, ET has you.

Skennah Kowa
by Crazy Horse on Thu Jun 18th, 2009 at 05:20:16 PM EST
[ Parent ]
Most people who have been in that situation usually do something to change that. ;-/

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 18th, 2009 at 05:43:49 PM EST
[ Parent ]


Skennah Kowa
by Crazy Horse on Thu Jun 18th, 2009 at 06:04:27 PM EST
[ Parent ]
Sorry, I've lost nearly every friend I had in the last 3-4 years, so I'm possibly a bit touchy.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Jun 19th, 2009 at 03:27:02 AM EST
[ Parent ]
It's not you, it's Greater London.

The brainless should not be in banking. — Willem Buiter
by Migeru (migeru at eurotrib dot com) on Fri Jun 19th, 2009 at 03:42:43 AM EST
[ Parent ]
"Don't remember much, besides cynicism, provocation, affected ennui mixed with  contempt for New Age blathering plus a good dose of porn."

That's already a lot right there.  Though I didn't find the ennui affected.  FWIW, Elementary Particles is positively demure next to Possibility of an Island

"If you're really into contemporary French lit., you could try JMG Le Clezio or (another favorite of mine) Andrei Makine."

I'm not really into into contemporary French lit. (but I adore Camus, Sartre, Lautremont... and Anna Gavalda for silly chic lit.)  I've never read anything by LeClezio - what would you recommend?  I've repeatedly tried to love Makine, but just don't.  Hm, I have him on the shelf with Russian authors, not with the French ones.  Maybe I should move him...

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.

by poemless on Thu Jun 18th, 2009 at 05:28:26 PM EST
[ Parent ]
This is an odd wikipedia entry...:

On May 15th (2009), Andreï Makine was in Amstelveen in The Netherlands for the worldpremière of Le Monde selon Gabriel staged by Murielle Lucie Clément. He was very enthousiastic about it.

See also
Allan Massie, a supporter of Makine.


"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
by poemless on Thu Jun 18th, 2009 at 05:36:50 PM EST
[ Parent ]
poemless:
 I've never read anything by LeClezio - what would you recommend?

Desert and The Prospector have been translated into English, I think.

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
by Bernard on Fri Jun 19th, 2009 at 10:47:20 AM EST
[ Parent ]
Thanks.  

You know, I used to read books in French, but that was ages ago.  I should stop being so lazy.

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.

by poemless on Fri Jun 19th, 2009 at 11:27:14 AM EST
[ Parent ]
by Nomad on Thu Jun 18th, 2009 at 10:56:15 AM EST
And now PETA is after him.  Can't make this stuff up...

"Pretending that you already know the answer when you don't is not actually very helpful." ~Migeru.
by poemless on Thu Jun 18th, 2009 at 10:57:44 AM EST
[ Parent ]
PETA have been officially bonkers for some time.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 18th, 2009 at 11:44:09 AM EST
[ Parent ]
*lowers head on the table *
by Nomad on Thu Jun 18th, 2009 at 11:48:01 AM EST
[ Parent ]
That's even more free advertising for Obama, though.

(OK it doesn't quite help the cause of animal protection and there are some legitimate elements to that cause)

by nanne (zwaerdenmaecker@gmail.com) on Thu Jun 18th, 2009 at 02:04:56 PM EST
[ Parent ]
No flies on him.

It depends, I could probably hit a bluebottle (one of the big buggers), but hitting a normal housefly is pretty superhuman.

Mind you, Mr Migiyagi caught them with chopsticks

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 18th, 2009 at 11:38:40 AM EST
[ Parent ]
When a child, my brother frequently amused himself by snapping flies with his school belt --the elasticized coach-style, sporting hardware at leather ends.

wow.


Diversity is the key to economic and political evolution.

by Cat on Thu Jun 18th, 2009 at 12:16:25 PM EST
[ Parent ]
We have fly-murdering contests on lazy afterlunch days. Even organize tournaments. You shot'em with rubberbands. The best are big ones- slow with a lot of stuff inside. Very effective. There's even an annual trophy.
by de Gondi (publiobestia aaaatttthotmaildaughtusual) on Thu Jun 18th, 2009 at 05:06:21 PM EST
[ Parent ]
I can't get into JaP's frontpage socialism article. Is it just me. Other diaries seem fine.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 18th, 2009 at 11:42:30 AM EST
JaP closed the thread.

You can't be me, I'm taken
by Sven Triloqvist on Thu Jun 18th, 2009 at 11:58:15 AM EST
[ Parent ]
Not Defining Socialism.

The closed thread is my Lefty Talk.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Jun 18th, 2009 at 12:10:38 PM EST
[ Parent ]
Helen, I had problems getting into the Open Thread a few minutes ago. Keep trying, and I expect you'll get into the thread you want.
by Sassafras on Thu Jun 18th, 2009 at 12:12:36 PM EST
[ Parent ]
Oh - my bad. Apologies.

You can't be me, I'm taken
by Sven Triloqvist on Thu Jun 18th, 2009 at 12:14:31 PM EST
[ Parent ]
how's your daughter, sven?

sending her some good thoughts...

"Two wrongs don't make a right, but three lefts do." Jim Hightower

by melo (melometa4(at)gmail.com) on Thu Jun 18th, 2009 at 05:32:28 PM EST
[ Parent ]
Thanks for asking. Just got home after picking her up from hospital. She's good. Her only complaint was that the surgeon said the incision was below the bikini line - but the doc must have meant 1947 bikinis.

You can't be me, I'm taken
by Sven Triloqvist on Fri Jun 19th, 2009 at 08:55:06 AM EST
[ Parent ]
Follow the money: Who are Germany's `invisible men'?

We are making good progress extracting all the farm subsidy payment data published on the German government's website. While doing so we have found 21 recipients for whom no information on name, municipality or postcode is given. The total payments to these 21 recipients is 16.8 million euros, of which 8.9 million euros is in direct aid (as opposed to market support or rural development).

Among these `invisible men' are four recipients who got more than 1 million euros in 2008. The amounts are as follows: €3,168,264.42, €1,825,968.97, €1,080,415.2 and €1,024,959.26. We can deduce that three of these secret millionaires are farmers - their subsidy payments come through `direct aid' and `rural development' measures and one is a food or trading company as its money comes from `other market measures'.

A high ranking German minister may be one of these invisibles.

You can't be me, I'm taken

by Sven Triloqvist on Thu Jun 18th, 2009 at 11:56:08 AM EST
Delicious.

The brainless should not be in banking. — Willem Buiter
by Migeru (migeru at eurotrib dot com) on Thu Jun 18th, 2009 at 11:56:58 AM EST
[ Parent ]
where hypocrisy is massive. It's long been Germany and the UK which refused to cap CAP subsidies per person/farm (a French proposal) - precisely because they have more than a few of these large recipients...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Jun 18th, 2009 at 12:48:56 PM EST
[ Parent ]
That point is worth a front-page story all by itself.

The brainless should not be in banking. — Willem Buiter
by Migeru (migeru at eurotrib dot com) on Thu Jun 18th, 2009 at 12:50:47 PM EST
[ Parent ]
Slashdot | UK Tax Breaks For "Culturally British Games

An anonymous reader writes with news of a proposal in the recent Digital Britain report to set up tax breaks for developing video games that are "culturally British." Quoting the report (PDF): "In film a system of cultural tax credits has long helped to sustain a wide range of films that speak to a British narrative, rather than the cultural perspectives of Hollywood or multinational collaborations. Other countries such as Canada, for similar reasons, extend the model of cultural tax relief beyond the film industry to the interactive and online worlds. CGI, electronic games and simulation also have a significant role in Britain's digital content ecology and in our international competitiveness. Each of these has the same capability as the more traditional sectors, such as film, to engage us and reflect our cultural particularism. They may in future have a cultural relevance to rival that of film." Conservative Shadow Arts and Culture Minister Ed Vaizey said the government has ignored the games industry, and he seeks to set up a government council to promote it. The report also outlined a number of changes to how games are rated.

Top picks: Tom Clancy's Surveillance Society and Age of (Former) Empires.

Wii Pub Brawl could be fun, though.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (myfriends@thisispancakes.com) on Thu Jun 18th, 2009 at 12:28:50 PM EST
You wouldn't pay money to see a version of Halo set in Nottingham?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Jun 18th, 2009 at 12:33:44 PM EST
[ Parent ]
Only if I can play as the Covenant.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (myfriends@thisispancakes.com) on Thu Jun 18th, 2009 at 12:37:33 PM EST
[ Parent ]
Grand Theft Dustbin: Shaftesbury?

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (myfriends@thisispancakes.com) on Thu Jun 18th, 2009 at 12:54:23 PM EST
[ Parent ]
Zelda IX - Legend of the Kebab Shop
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Jun 18th, 2009 at 01:03:03 PM EST
[ Parent ]
Ah, the Hicks Boson

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 18th, 2009 at 02:34:49 PM EST
[ Parent ]
Sims 3 expansion pack: telly and a takeout
by Sassafras on Thu Jun 18th, 2009 at 01:07:01 PM EST
[ Parent ]
Chavs: Bling and Back Alleys.

Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Jun 18th, 2009 at 02:09:25 PM EST
[ Parent ]
Sims 3: Lawn maintenance
by Sassafras on Thu Jun 18th, 2009 at 01:21:48 PM EST
[ Parent ]
Gardening Hero.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (myfriends@thisispancakes.com) on Thu Jun 18th, 2009 at 01:58:05 PM EST
[ Parent ]
Grand Slam Tennis (qualifying rounds)
by Sassafras on Thu Jun 18th, 2009 at 01:41:09 PM EST
[ Parent ]
by Sassafras on Thu Jun 18th, 2009 at 02:02:03 PM EST
[ Parent ]
Quake Expenses
by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Jun 18th, 2009 at 04:02:15 PM EST
[ Parent ]
Would Grand Theft Auto with the cars going on the left qualify?
by gk (g k quattro due due sette "at" gmail.com) on Thu Jun 18th, 2009 at 12:38:58 PM EST
[ Parent ]
How would you know it's not Japan?

The brainless should not be in banking. — Willem Buiter
by Migeru (migeru at eurotrib dot com) on Thu Jun 18th, 2009 at 12:39:40 PM EST
[ Parent ]
Fewer Toyotas in Japan.
by Sassafras on Thu Jun 18th, 2009 at 01:09:38 PM EST
[ Parent ]
FT.com / Companies / Automobiles - BMW appeals for loyalty from its staff (June 17 2009)
The Bavarian group has started targeting about 7,000 workers caught driving Audis, Mercedes - or other rival brands - in an attempt to revive its rapidly falling sales by coaxing them to drive a BMW.EDITOR'S CHOICEAnalysis: Carmakers back on the road - Jun-17 Revamped GM updates core brands - Jun-17Michelin softens blow of French job cuts - Jun-17

"What is wrong here? You like working for us. You are fond of your workplace and salary. But you are driving a competitor's car," is the message on postcards put on the windscreens of cars in car parks at BMW's German factories.

The postcards, which have been signed by two executive board members as well as the head of its works' council, can be returned to BMW's sales department requesting a test drive, a sales talk or the details of how to swap a rival car for a new BMW.



The brainless should not be in banking. — Willem Buiter
by Migeru (migeru at eurotrib dot com) on Thu Jun 18th, 2009 at 01:06:11 PM EST
Apparently the global hacking community has declared war on the Iranian government.  4chan, alone, has launched a number of DDoS attacks on government websites there, along with setting up thousands of proxy servers.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (myfriends@thisispancakes.com) on Thu Jun 18th, 2009 at 02:21:34 PM EST
Rep. Peter Hoekstra (R-MI)'s Twitter comment on Iran
Iranian twitter activity similar to what we did in House last year when Republicans were shut down in the House.
have spawned a new art-form. Here are a few samples, from TPM
I spilled some lukewarm coffee on myself just now, which is somewhat analogous to being boiled in oil.

I got a splinter in my hand today. Felt just like Jesus getting nailed to the cross.

Walked out onto Constitution Ave in D.C. and was almost hit by a taxi. Reminded me of Tienanmen Square.

and so on (and on and on)...
by gk (g k quattro due due sette "at" gmail.com) on Thu Jun 18th, 2009 at 03:56:16 PM EST
I'm a big fan of the way the repugs have been behaving since January. I hope they carry on.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jun 18th, 2009 at 04:32:46 PM EST
[ Parent ]
Todays daily mail poll

Should the NHS allow gipsies to jump the queue? | Polls | Mail Online

Should the NHS allow gipsies to jump the queue?

is being subverted (via Twitter), so get there and vote yes ;)

If you're not part of the solution, you're part of the precipitate.

by ceebs (ceebs (at) eurotrib (dot) com) on Fri Jun 19th, 2009 at 08:28:28 AM EST


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