Friday, August 16, 2002
Well, here's a message for Nyhan: Politicians are partisan. They spin. That's their job. That's the nature of politics. Get used to it. And human beings have a point of view that they want to get across. Sometimes people actually have to shout to be heard. To quote MWO: So a few citizens own a site and present their perspective! But they're liberals! The horror, the horror!
It seems that what Nyhan wants is for there to be only 'reason and logic' in politics. There's a problem with that, though. Human beings don't necessarily respond right away to reason, and to get power, one needs the votes of human beings. (e.g. The dueling speeches by Brutus and Marc Antony in Julius Caesar.) One would need:
a) a Vulcan
b) Deep Blue
for the purposes of political discussion without the vagaries of human emotion in the mix. That is, politics would be a great thing if we just got rid of all of them pesky human beings mucking things up.
Sorry, Brendan, but I'd rather have human beings representing my interests. We're a nation of laws such that we humans are held in check when we go too far. But those laws aren't meant to deny us our basic humanity.
On edit: Pouting works. (see his comment section under that post)
The 'gap' refers to an output gap, a term that this not-an-economist didn't know about, which is the difference between potential growth at full employment and actual growth. The output gap is part of what's been causing Japan's deflation for the last 15 years. Krugman then goes down a list of conditions explaining why that gap shouldn't hurt us here, and how those conditions that existed during the Clinton years don't exist now.
Thursday, August 15, 2002
we need your stuff." - Mark Corallo, RNC scumbag, on a BBC show called
Digging the Dirt, on how they didn't even need to blastfax the press because the press was actively trying to throw Election 2000.
[via a British reader of MWO.]
Wednesday, August 14, 2002
While Shrub fiddles at his gathering of the yes-men in Waco, Waco has a 25% poverty rate. The median wage for 65% of the jobs there is under $10/hour. The writer also seemed to refer to the forum as the charade it was, which will no doubt stir up hate radio in San Francisco to get their pisspants to complain.
I need a drink. Double of Knob Creek.
More proof that Wall Street believes that people who play by the rules are suckers. You may know the story of Malden Mills. Makes Polartec Mill in Lawrence, MA burned down in 1995. The owner, Aaron Feuerstein, paid his employees out of the insurance money and rebuilt the mill in Lawrence with double the previous capacity. They essentially are the market for fabrics for outdoorsmen everywhere. Unfortunately, they had to borrow to get the mill where it needed to be, and had to file for Chapter 11 as a result of the recession.
Their main creditor is GE Capital, one of those who only care about the bottom line - the consequence of this attitude was today's business scandals and book-cooking. So not surprisingly, since Feuerstein focuses on making Polartec and not the bottom line, GE Capital wants him out when Malden Mills emerges from bankruptcy.
I fear for their future now. GE will want their own kind in there, and that kind will just ruin that market, not to mention Malden Mills and Lawrence. They'll do the same thing the GOP did when they shifted spending to their own districts - cut out the expensive stuff (in Congress' case pork projects, in Malden Mills case R&D) while keeping the relatively cheap stuff (in business' case that's obscene CEO pay). You know, focus on quarterly profits while missing the the purpose of the business, which in Malden Mills case is to make Polartec.
Tuesday, August 13, 2002
Thanks to Antidolt of the Bartcop Forum.
Also, Somerby notes that the 'fancy hotel' where Al Gore lived while growing up is now a 'Washington penthouse'. So let's go down the list of what it really was:
Fairfax Apartments, a rather spartan setup
completely remodeled to the Ritz Carlton
completely remodeled again to the Westin.
Apparently, it's never occurred to the Washington press corps that a building can be remodeled into something completely different. Any knucklehead who's walked around downtown St. Louis knows that when they see old railroad warehouses converted into fancy hotels. I guess the people who squatted in those abandoned warehouses were really living well to the Washington press corps.
on edit: would be nice if I'd add that link. grumblegrumble
of a CEO
who was cashing out millions worth in stock...
Fortune presents The Greedy Bunch. Krugman referred to this in today's column. There's John Chambers of Cisco. There's AOL Time Warner (who incidentally publishes Fortune). There's Enron. Linda Lay must have been crying poverty because Kenny Boy only cashed out $107 million while one Lou Pai cashed in $280 million. Then there's the less well-known Peregrine Systems, whose CEO John Moores cashed out $646 million by himself. That would cover the losses on the San Diego Padres, which Moores also owns, for the next 85 years. (That's probably an inaccurate claim by Fortune. The truth would be that his cashout was 85 times higher than the yearly loss sustained by the Padres. Constant dollars and all that.)
Lots o' links in that there article. Get thee hither post haste!
Monday, August 12, 2002
OK, a lot more influential.
So what does the one-man staff at GeekPol have to say about this? Josh Marshall is being a freaking crybaby, and hypocritical to boot. Faux News has been using "Talking Points Memo" as the opening host bloviation segment for four years now on Bill O'Reilly's show. Say what you want about the gun-grabbing Royalist O'Reilly, he did have that phrase first. It would be wise for Marshall to keep quiet about getting ripped off when he has some 'splainin' to do with respect to O'Reilly.
In an even sillier move, Marshall brags about the Washington Times picking up the story. Seeing as the WashTimes doesn't have any real reporters, they make no mention of Fox, and they got Marshall's URL wrong to boot. It's just another chance for the Times to jab pointed sticks at the Post. Why do work when someone else does it for you, eh?