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POLITICS News:"Detainee's Harsh Treatment Foiled No Plots: Waterboarding, Rough Interrogation of Abu Zubaida Produced False Leads, Officials Say." ... "When CIA [Central Intelligence Agency] officials subjected their first high-value captive, Abu Zubaida, to waterboarding and other harsh interrogation methods, they were convinced that they had in their custody an al-Qaeda leader who knew details of operations yet to be unleashed, and they were facing increasing pressure from the [Republican President Bush] White House to get those secrets out of him." ... "The methods succeeded in breaking him, and the stories he told of al-Qaeda terrorism plots sent CIA officers around the globe chasing leads." ... "In the end, though, not a single significant plot was foiled as a result of Abu Zubaida's tortured confessions, according to former senior government officials who closely followed the interrogations. Nearly all of the leads attained through the harsh measures quickly evaporated, while most of the useful information from Abu Zubaida -- chiefly names of al-Qaeda members and associates -- was obtained before waterboarding was introduced, they said." ... "Moreover, within weeks of his capture, [United States] U.S. officials had gained evidence that made clear they had misjudged Abu Zubaida. President George W. Bush had publicly described him as "al-Qaeda's chief of operations," and other top officials called him a "trusted associate" of al-Qaeda leader Osama bin Laden and a major figure in the planning of the [2001 September] Sept. 11, 2001, terrorist attacks. None of that was accurate, the new evidence showed." ... "Abu Zubaida was not even an official member of al-Qaeda, according to a portrait of the man that emerges from court documents and interviews with current and former intelligence, law enforcement and military sources. Rather, he was a "fixer" for radical Muslim ideologues, and he ended up working directly with al-Qaeda only after Sept. 11 -- and that was because the United States stood ready to invade Afghanistan." ... "The application of techniques such as waterboarding -- a form of simulated drowning that U.S. officials had previously deemed a crime -- prompted a sudden torrent of names and facts. Abu Zubaida began unspooling the details of various al-Qaeda plots, including plans to unleash weapons of mass destruction." ... "Abu Zubaida's revelations triggered a series of alerts and sent hundreds of CIA and FBI [Federal Bureau of Investigation] investigators scurrying in pursuit of phantoms. The interrogations led directly to the arrest of Jose Padilla, the man Abu Zubaida identified as heading an effort to explode a radiological "dirty bomb" in an American city. Padilla was held in a naval brig for 3 1/2 years on the allegation but was never charged in any such plot. Every other lead ultimately dissolved into smoke and shadow, according to high-ranking former U.S. officials with access to classified reports." ... ""We spent millions of dollars chasing false alarms," one former intelligence official said." (1, 2, 3, 4) -By Peter Finn and Joby Warrick with contributions by Julie Tate -WashingtonPost "Insurers shun those taking certain meds: How health insurers secretly blacklist those with certain ailments." ... "Trying to buy health insurance on your own and have gallstones? You'll automatically be denied coverage. Rheumatoid arthritis? Automatic denial. Severe acne? Probably denied. Do you take metformin, a popular drug for diabetes? Denied. Use the anti-clotting drug Plavix or Seroquel, prescribed for anti-psychotic or sleep problems? Forget about it." ... "This confidential information on some insurers' practices is available on the Web -- if you know where to look." ... "What's more, you can discover that if you lie to an insurer about your medical history and drug use, you will be rejected because data-mining companies sell information to insurers about your health, including detailed usage of prescription drugs." ... "To make sure that applicants are not lying, insurers hire a data-gathering service -- Medical Information Bureau, Milliman's Intelliscript or Ingenix Medpoint." ... "Intelliscript and Medpoint do computerized searches of a person's drug use, gleaned from pharmacy benefits managers and other databases." ... "Last year, the Federal Trade Commission accused both companies of violating the Fair Credit Reporting Act by not offering to provide consumers with information about them. The companies agreed to settlements in which they promised to let people see their personal information." (1, 2) -By John Dorschner -MiamiHerald "UPDATE: Deep computer-spying network touched 103 countries: Analysts find spyware installed on servers belonging to foreign ministries, embassies, and private companies." ... "A 10-month cyberespionage investigation has found that 1,295 computers in 103 countries and belonging to international institutions have been spied on, with some circumstantial evidence suggesting China may be to blame." ... "The 53-page report, released on Sunday, provides some of the most compelling evidence and detail of the efforts of politically motivated hackers while raising questions about their ties with government-sanctioned cyberspying operations." ... "[See also: Roger Grimes' Security Adviser blog]" ... "It describes a network which researchers have called GhostNet, which primarily uses a malicious software program called gh0st RAT (Remote Access Tool) to steal sensitive documents, control Web cams and completely control infected computers." ... ""GhostNet represents a network of compromised computers resident in high-value political, economic and media locations spread across numerous countries worldwide," said the report, written by analysts with the Information Warfare Monitor, a research project of the SecDev Group, a think tank, and the Munk Center for International Studies at the University of Toronto [Canada]. "At the time of writing, these organizations are almost certainly oblivious to the compromised situation in which they find themselves."" ... ""Attributing all Chinese malware to deliberate or targeted intelligence gathering operations by the Chinese state is wrong and misleading," the report said." ... "However, China has made a concerted effort since the 1990s to use cyberspace for military advantage "The Chinese focus on cyber capabilities as part of its strategy of national asymmetric warfare involves deliberately developing capabilities that circumvent [United States] U.S. superiority in command-and-control warfare," it said." ... "A second report [PDF], written by University of Cambridge [United Kingdom] researchers and published in conjunction with the University of Toronto paper, was less circumspect, saying that the attacks against the Office of His Holiness the Dalai Lama (OHHDL) were launched by "agents of the Chinese government." The Cambridge team titled their report, "The Snooping Dragon."" (1, 2) -By Jeremy Kirk with contributions by Robert McMillan -IDG.net via -InfoWorld "Rev. Moon Exemplifies Right Wing GOP Subsidy of Big Media to Frame Message." ... "[Reverend] Rev. Moon has adopted a relatively low-profile in recent years (if you don't count his bizarre "coronation" by elected officials in a Capitol Hill House of Representatives meeting room a couple years back), but that hasn't prevented the weird religious leader (and close ally of the Bush family) from pouring an estimated 1 - 2.5 billion dollars into subsidizing the Washington Times since 1982." ... "In 2002, Rev. Moon pronounced "The Washington Times will become the instrument in spreading the truth about God to the world." But the reality is that the Washington Times -- like the New York Post and Weekly Standard for Rupert Murdoch -- are investments in obtaining financial regulatory and other favors from Republican administrations in return for helping frame and market the GOP [GOP=Grand Old Party=Republican] talking points of tax cuts, cultural wars, and Wall Street gambling." ... "The Washington Times has only about 100,000 subscribers, but its newsboxes are next to the Washington Post throughout D.C. [America's capital], allowing it to appear as an equal -- and to have its banner headlines seen by tens of thousands of D.C. "influencers" every day. Then, it also gives a byline and title for its writers to appear as D.C. pundits on television (just as Bill Kristol is identified as editor of the chronically money losing "Weekly Standard" during his ubiquitous "pundit" appearances on the tube) -- as well as all television reporters need to quote it to provide "balance."" ... "In short, Moon, in essence, shells out hundreds and hundreds of millions of dollars to use the Washington Times as a public relations vehicle for "framing" the GOP perspective." ... "Meanwhile, wealthy liberal Democrats don't buy up or create large media outlets; they just support efforts to criticize the corporate press and the likes of Rev. Moon." ... "You can win elections, but you can't make dramatic change unless you own part of the major media." ... "Rev. Moon understands that. Why can't wealthy Democrats?" -By Mark Karlin -BuzzFlash.com "World switches off to save planet in "Earth Hour"." ... "Lights went out at tourism landmarks and homes across the globe on Saturday for Earth Hour 2009, a global event designed to highlight the threat from climate change." ... "Organizers said the action showed millions of people wanted governments to work out a strong new [United Nations] U.N. deal to fight global warming by the end of 2009, even though the global economic crisis has raised worries about the costs." ... "The U.N. Climate Panel says greenhouse gas emissions are warming the planet and will lead to more floods, droughts, heatwaves, rising sea levels and animal and plant extinctions." ... "World emissions have risen by about 70 percent since the 1970s." -By Jon Boyle -Reuters "Spanish Court Weighs Inquiry on Torture for 6 Bush-Era Officials." ... "A Spanish court has taken the first steps toward opening a criminal investigation into allegations that six former high-level [Republican President] Bush administration officials violated international law by providing the legal framework to justify the torture of prisoners at Guantánamo Bay, Cuba, an official close to the case said." ... "The case, against former Attorney General Alberto R. Gonzales and others, was sent to the prosecutor’s office for review by Baltasar Garzón, the crusading investigative judge who ordered the arrest of the former Chilean dictator Augusto Pinochet. The official said that it was “highly probable” that the case would go forward and that it could lead to arrest warrants." ... "The complaint under review also names John C. Yoo, the former Justice Department lawyer who wrote secret legal opinions saying the president had the authority to circumvent the Geneva Conventions, and Douglas J. Feith, the former under secretary of defense for policy." ... "Spain can claim jurisdiction in the case because five citizens or residents of Spain who were prisoners at Guantánamo Bay [Cuba] have said they were tortured there. The five had been indicted in Spain, but their cases were dismissed after the Spanish Supreme Court ruled that evidence obtained under torture was not admissible." ... "The 98-page complaint, a copy of which was obtained by The New York Times, is based on the Geneva Conventions and the 1984 Convention Against Torture, which is binding on 145 countries, including Spain and the United States. Countries that are party to the torture convention have the authority to investigate torture cases, especially when a citizen has been abused." ... "Gonzalo Boye, the Madrid lawyer who filed the complaint, said that the six Americans cited had had well-documented roles in approving illegal interrogation techniques, redefining torture and abandoning the definition set by the 1984 Torture Convention." ... "Secret memorandums by Mr. Yoo and other top administration lawyers helped clear the way for aggressive policies like waterboarding and other harsh interrogation techniques, which the [Central Intelligence Agency] C.I.A. director, the attorney general and other American officials have said amount to torture." ... "The other Americans named in the complaint were William J. Haynes II, former general counsel for the Department of Defense; Jay S. Bybee, Mr. Yoo’s former boss at the Justice Department’s Office of Legal Counsel; and David S. Addington, who was the chief of staff and legal adviser to [Republican] Vice President Dick Cheney." -By Marlise Simons with contributions by Scott Shane and Eric Schmitt -NYTimes "Brazil builds walls around Rio de Janeiro slums." ... "The government of Rio de Janeiro is building concrete walls to prevent sprawling slums from spreading farther into the picturesque hills of this world-famous tourist destination, an official said on Saturday." ... "Officials say the wall is to protect the remaining native forest but critics fear the move could be seen as discriminatory and become a blemish symbolizing Brazil's deep divisions between rich and poor." ... "By year-end the Rio de Janeiro state government wants to build almost 7 miles (11 km) of walls to contain 19 communities." -By Raymond Colitt with contributions by Bill Trott -Reuters "Reid: Chief Justice Roberts "didn't tell us the truth"." ... "[United States] U.S. Supreme Court Chief Justice John Roberts "didn't tell us the truth" before his 2005 confirmation, Senate Majority Leader [and Nevada Democratic Senator] Harry Reid said Friday." -By David Lightman -McClatchyDC.com via -Yahoo "Senators Get Nasty: "You're Good" ... "Your Wife Said The Same Thing" (VIDEO)." ... "Budget Committee Chairman [and North Dakota Democratic Senator] Kent Conrad (D-N.D. [Democratic-North Dakota]) was on the receiving end of this one, after telling [Iowa Republican Senator] Sen. Charles Grassley (R [Republican]-Iowa), "Oh, you are good."... [Chuck Grassley responded:] "Well, your wife said the same thing," Grassley responded. " -By Ryan Grim -HuffingtonPost.com "U.S. cities deal with a surge in shanty towns." ... "Like a dozen or so other cities across the nation, Fresno [California] is dealing with an unhappy déjà vu: the arrival of modern-day Hoovervilles, illegal encampments of homeless people that are reminiscent, on a far smaller scale, of Depression-era shantytowns. At his news conference on Tuesday night, [Democratic] President Obama was asked directly about the tent cities and responded by saying that it was "not acceptable for children and families to be without a roof over their heads in a country as wealthy as ours."" ... "While encampments and street living have always been a part of the landscape in big cities like Los Angeles [California] and New York, these new tent cities have taken root — or grown from smaller enclaves of the homeless as more people lose jobs and housing — in such disparate places as Nashville [Tennessee's capital], Olympia, Wash. [Washington's capital], and St. Petersburg, Fla. [Florida.]" ... "The problem in Fresno is different in that it is both chronic and largely outside the national limelight. Homelessness here has long been fed by the ups and downs in seasonal and subsistence jobs in agriculture, but now the recession has cast a wider net and drawn in hundreds of the newly homeless — from hitchhikers to truck drivers to electricians." ... ""These are able-bodied folks that did day labor, at minimum wage or better, who were previously able to house themselves based on their income," said Michael Stoops, the executive director of the National Coalition for the Homeless, an advocacy group based in Washington." (1, 2) -By Jesse Mckinley -IHT.com "GOP [Republican] Budget Proposal: Massive Tax Cut For Wealthy." ... "House Republican leaders called a press conference Thursday to unveil their "alternative budget." While it was thin on specifics, it does include one major policy proposal: a huge tax cut for the wealthy." -By Ryan Grim -HuffingtonPost.com "Obama's Afghanistan plan calls for 4,000 more U.S. troops." ... "[Democratic] President Obama announced Friday a proposal to stem the worsening insurgency in Afghanistan by sending 4,000 more [United States] U.S. troops and additional civilian aid workers, while also increasing aid to neighboring Pakistan." ... "Obama said his objective is to suppress the spreading insurgency by placing more emphasis on building local governments, wooing the civilian population with aid and providing more help to the Afghan army instead of a deploying a large number of combat troops." ... "Check out Obama's address [PDF]" ... ""The situation is increasingly perilous," Obama said. "It has been more than seven years since the Taliban was removed from power, yet war rages on, and insurgents control parts of Afghanistan and Pakistan."" ... "Key elements of the plan include:" ... "• Sending the 4,000 new troops, who would train Afghan soldiers and police. The plan includes a goal of having 134,000 soldiers in the Afghan army, up from about 65,000 soldiers now. "That is how we will prepare Afghans to take responsibility for their security, and how we will ultimately be able to bring our troops home," Obama said." ... "Pakistan long sponsored the Taliban regime that ruled Afghanistan and harbored al-Qaeda terrorists until overthrown by U.S. forces in 2001. Many Taliban members remain in the mountainous border region between the two countries." -By David Jackson with contributions by Tom Vanden Brook and John Fritze -USATODAY "A GOP [Republican] budget with no hard numbers." ... ""House Republicans release a 19-page document [PDF] that contains no hard spending numbers or deficit projections. Per the AP, "One of the few hard bits of information is a promise to simplify the tax code and cut income tax rates to 10 percent for people making $100,000 or less down. They also promise to cut domestic spending below current levels but don't say whether they are exempting Social Security. It's impossible to determine the projected deficit based on their offering."" ... "Not surprisingly, the Democratic National Committee pounced on the GOP's [GOP's=Grand Old Party's=Republican's] budget -- or lack thereof. "After 27 days, the best House Republicans could come up with is a 19-page pamphlet that does not include a single real budget proposal or estimate," said DNC [Democratic National Committee] spokesman Hari Sevugan. "While there had been talk that House Republicans were overriding their Senate counterparts to offer a budget alternative, it's clear after this announcement that neither of them have anything to offer but criticism."" -By Mark Murray -AP -MSNBC "Republican Budget Plan: ‘Undo’ The Stimulus, Cut Taxes For The Rich." ... "Today, House Republicans released their budget plan, entitled “The Republican Road To Recovery.” They claim the plan “curbs spending, creates jobs and lowers taxes, and controls the debt; and it will soon have our economy growing again.”" ... "For an “alternative budget,” however, it is very short on numbers, including no mention of deficit implications. And the plan for creating jobs and sparking economic growth is actually undoing the stimulus and then cutting additional spending[.]" ... "Of course, stimulus dollars are already on their way out the door, so it’s difficult to envision how one would “undo” the bill. But even if it could be done, it would be an act of neo-Hooverism that would make [Iowa Republican Senator] Sen. Chuck Grassley’s (R-IA [Republican-Iowa]) insane three-year spending freeze look wise and prudent." ... "As Matthew Yglesias noted, “It’s strange that the Republicans railing about long-term deficits seem to love long-term deficits when the point of the deficits is to further enrich the rich.”" -By Pat Garofalo -ThinkProgress.org/Wonk Room "Bayh: My Group Of Blue Dogs ‘Literally Has No Agenda’ Other Than Blocking Obama’s." ... "Yesterday, MoveOn.org, Americans United for Change, and several other progressive groups began running ads urging “moderate” Democratic members of Congress to “get on board with the president’s budget.” The ads are, in part, a response to [Indiana Democratic Senator] Sen. Evan Bayh (D-IN [Democratic-Indiana]) and 14 of his Democratic colleagues who are creating what they call a “moderate coalition that will meet regularly to shape public policy.” Bayh responded to the new ads late yesterday, telling Politico that his group of “moderates” should not be targeted because they have “no agenda”:" "Sen. Evan Bayh (D-Ind. [Indiana]) is also unhappy with the friendly fire. Bayh…found himself targeted by an ad accusing him of “standing in the way of President Obama’s reforms.” “We literally have no agenda,” Bayh shot back. “How can they be threatened by a group that has taken no policy positions?”""Bayh’s claim that his group has no agenda is hard to believe. Indeed, as the Wall Street Journal explained yesterday, the group’s “stated goal is to…protect business interests.” Even before the group was officially formed, their efforts dampened a number of progressive policy proposals and they clearly have aspirations to expand their portfolio:" "– Shrinking Economic Recovery: The group’s first significant “success” was “paring down the more than $900 billion economic stimulus bill to $787 billion,” reducing the government’s ability to spur economic recovery quickly. [Roll Call, 3/12/2009]""If Bayh is to be believed and his new group of moderates “literally have no agenda,” then what exactly are they doing? As MSNBC’s Rachel Maddow explained last night, it appears that Bayh and his colleagues have found at least one niche to fill by helping Republicans obstruct the President’s agenda and deny voters the policies they endorsed last November:" "Anyone voting against a Democratic agenda voted Republican. Those votes produced a very small Republican minority in Congress. A small minority that now has way more power than they otherwise would because of conservative Democrats deciding to give Republicans as much power as they can."" -By Ryan Powers -ThinkProgress.org "Court overturns hundreds of cases in court scandal." ... "The Pennsylvania State Supreme Court said it would overturn the convictions of hundreds of juveniles sentenced in the midst of the Luzerne County kickback scheme." ... "Calling it a "first step," the court wielded a little- used proceeding to throw out and expunge the case records of first-time offenders convicted of minor crimes who appeared before Luzerne County Juvenile Court Judge Mark A. Ciavarella Jr. between 2003 and 2008." ... "In a report to the Court, a specially appointed judge, Arthur E. Grim, said his investigation uncovered "routine deprivation of children's constitutional rights to appear before an impartial tribunal and have an opportunity to be heard."" ... "Today's ruling, which authorizes Grim to overturn the cases, affects as many as 1,200 juveniles, he said. Their cases will be reviewed individually to determine if they meet the court's conditions." ... "Ciavarella and another former Luzerne County judge, Michael T. Conahan, have pleaded guilty earlier this year to taking $2.6 million in secret payments from the former owner of two juvenile detention centers." ... "The judges admitted that they helped the centers secure a county contract worth millions of dollars. Ciavarella routinely sentenced children to them." -By John Sullivan -Philly.com "Geithner to Propose Vast Expansion Of U.S. Oversight of Financial System." ... "Treasury Secretary Timothy F. Geithner plans to propose today a sweeping expansion of federal authority over the financial system, breaking from an era in which the government stood back from financial markets and allowed participants to decide how much risk to take in the pursuit of profit." ... "The [Democratic President] Obama administration's plan, described by several sources, would extend federal regulation for the first time to all trading in financial derivatives and to companies including large hedge funds and major insurers such as American International Group. The administration also will seek to impose uniform standards on all large financial firms, including banks, an unprecedented step that would place significant limits on the scope and risk of their activities." ... "Most of these initiatives would require legislation." ... "In coming months, the administration plans to detail its strategy in three other areas: protecting consumers, eliminating flaws in existing regulations and enhancing international coordination." ... "The nation's financial regulations are largely an accumulation of responses to financial crises. Federal bank regulation was a product of the Civil War. The Federal Reserve was created early in the 20th century to mitigate a long series of monetary crises. The Great Depression delivered deposit insurance and a federally sponsored mortgage market. In the midst of a modern economic upheaval, the Obama administration is pitching the most significant regulatory expansion since that time." ... "The administration's signature proposal is to vest a single federal agency with the power to police risk across the entire financial system." (1, 2, 3) -By Binyamin Appelbaum and David Cho with contributions by Zachary A. Goldfarb -WashingtonPost "Melting glaciers force Italy, Swiss to redraw border." ... "Melting glaciers in the Alps may prompt Italy and Switzerland to redraw their borders near the Matterhorn, according to parliamentary draft legislation being readied in Rome [Italy's capital]." ... "The Italian Military Geographic Institute says climate change is responsible for the Alpine glaciers melting." ... ""This draft law is born out the necessity to revise and verify the frontiers given the changes in climate and atmosphere," [Italy's Democratic Party member Franco] Narducci said. "The 1941 convention between Italy and Switzerland established as criteria [for border revisions] the ridge [crest] of the glaciers. Following the withdrawal of the glaciers in the Alps, a new criterion has been proposed so that the new border coincides with the rock."" ... "Narducci said the same negotiation will be proposed to France and Austria[.]" -CNN "Afghan Strikes by Taliban Get Pakistan Help, U.S. Aides Say." ... "The Taliban’s widening campaign in southern Afghanistan is made possible in part by direct support from operatives in Pakistan’s military intelligence agency, despite Pakistani government promises to sever ties to militant groups fighting in Afghanistan, according to American government officials." ... "The support consists of money, military supplies and strategic planning guidance to Taliban commanders who are gearing up to confront the international force in Afghanistan that will soon include some 17,000 American reinforcements." ... "Support for the Taliban, as well as other militant groups, is coordinated by operatives inside the shadowy S Wing of Pakistan’s spy service, the Directorate for Inter-Services Intelligence, the officials said. There is even evidence that ISI [Inter-Services Intelligence] operatives meet regularly with Taliban commanders to discuss whether to intensify or scale back violence before the Afghan elections." ... "American officials have complained for more than a year about the ISI’s support to groups like the Taliban. But the new details reveal that the spy agency is aiding a broader array of militant networks with more diverse types of support than was previously known — even months after Pakistani officials said that the days of the ISI’s playing a “double game” had ended." ... "Pakistan’s military and civilian leaders publicly deny any government ties to militant groups, and American officials say it is unlikely that top officials in Islamabad [Pakistan's capital] are directly coordinating the clandestine efforts. American officials have also said that midlevel ISI operatives occasionally cultivate relationships that are not approved by their bosses." ... "The ISI helped create and nurture the Taliban movement in the 1990s to bring stability to a nation that had been devastated by years of civil war between rival warlords, and one Pakistani official explained that Islamabad needed to use groups like the Taliban as “proxy forces to preserve our interests.”" ... "Little is publicly known about the ISI’s S Wing, which officials say directs intelligence operations outside of Pakistan. American officials said that the S Wing provided direct support to three major groups carrying out attacks in Afghanistan: the Taliban based in Quetta, Pakistan, commanded by Mullah Muhammad Omar; the militant network run by Gulbuddin Hekmatyar; and a different group run by the guerrilla leader Jalaluddin Haqqani." -By Mark Mazzetti and Eric Schmitt -NYTimes "Geithner to Outline Major Overhaul of Finance Rules." ... "The [Democratic President] Obama administration will detail on Thursday a wide-ranging plan to overhaul financial regulation by subjecting hedge funds and traders of exotic financial instruments, now among the biggest and most freewheeling players on Wall Street, to potentially strict new government supervision, officials said." ... "The Treasury secretary, Timothy F. Geithner, will outline the broad revamping of the regulatory system, which goes further than expected, in a hearing on Thursday. He is expected to say that the new rules are necessary to prevent a repeat of the excesses that nearly wrecked the global financial system and plunged the economy into a recession." ... "The plan, which would require Congressional approval, would give the government vast new powers over “systemically important” banks and other financial institutions that are so big that their collapse would jeopardize the economy as a whole." ... "The government would have the power to peer into the inner workings of companies that currently escape most federal supervision — insurance companies like the American International Group, multibillion-dollar hedge funds like the Citadel Group and private equity firms like the Carlyle Group or Kohlberg, Kravis & Roberts." ... "But the most striking new proposals, and the ones that may provoke the most heated opposition from the industry, would regulate so-called private pools of capital — hedge funds, private equity funds and venture capital funds — and the gigantic market in financial derivatives, including instruments like credit-default swaps, the insurancelike instruments that allow investors to hedge against bond defaults. " -By Edmund L. Andrews and Louise Story -NYTimes "Clinton: U.S. Drug Policies Failed, Fueled Mexico's Drug War." ... "Secretary of State Hillary Rodham Clinton traveled to Mexico on Wednesday with a blunt mea culpa, saying that decades of U.S. anti-narcotics policies have been a failure and have contributed to the explosion of drug violence south of the border." ... ""Clearly what we've been doing has not worked," Clinton told reporters on her plane at the start of her two-day trip, saying that [United States] U.S. policies on curbing drug use, narcotics shipments and the flow of guns have been ineffective." ... ""Our insatiable demand for illegal drugs fuels the drug trade," she added. "Our inability to prevent weapons from being illegally smuggled across the border to arm these criminals causes the deaths of police, of soldiers and civilians."" ... "More than 7,000 Mexicans have been killed in the bloodletting since January 2008, with the gangs battling authorities and one another for supremacy." ... "The [Democratic President] Obama administration announced Tuesday that it is sending hundreds more agents and extra high-tech gear to the border to intercept weapons and drug proceeds heading south." ... "Last month, former presidents of Brazil, Colombia and Mexico called on the United States in a report to consider legalizing marijuana use and focusing more on treatment for drug users. Obama has emphasized his support for expanded treatment facilities, although not for allowing marijuana use. " (1, 2) -By Mary Beth Sheridan -WashingtonPost "Netanyahu, Lieberman 'struck secret deal for West Bank construction'" ... "Prime Minister-designate Benjamin Netanyahu has struck a secret deal with Yisrael Beiteinu leader Avigdor Lieberman for highly contentious construction on West Bank land [Palestine] known as E1, Army Radio reported Wednesday." ... "The plan is for the West Bank settlement of Ma'aleh Adumim to build 3000 new housing units on the territory, which stretches between it and Jerusalem [Israel's capital], the source was quoted as saying." ... "Construction in the area is particularly sensitive because it would create contiguity between the settlement and the capital, which in turn would prevent Palestinian construction between East Jerusalem and Ramallah [administrative capital of Palestine]." ... "This would also make it difficult to reach agreement between Israel and the Palestinians on the question of permanent borders." -Haaretz.com |
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"Last week, Bond led a bipartisan group of Senators in introducing an amendment to help provide needy families affordable housing. Bond’s amendment provides $2 billion to fund low-income housing tax credit (LIHTC) projects that have been stalled by the financial credit crisis. As part of the Democrats’ spending bill now signed into law, the Senate unanimously accepted Bond’s provision. […]""“This is the type of emergency stimulus spending we should be supporting — programs that will create jobs now and help families,” Bond said." ... "Bond’s “I was against it before I was for it” maneuver at least has local media fooled. Just 24 hours after noting his opposition to the stimulus bill, local news this morning reported that Bond would be touring the state “pushing his plan to create 3,000 jobs in the state and build more than 700 affordable housing units.” Watch the local CBS channel try to keep up with Bond’s flip-flops:""This provision will have a real impact in Missouri, especially for low-income, working families in need of safe and affordable housing. … Bond’s amendment will save more than 700 housing units and create 3,000 new jobs in Missouri."
"Bond is not alone in trying to reap the political benefits both from voting against the bill and from bringing much needed funding to his district:"WATCH: "Kit Bond Touts Stimulus Plan He Voted Against."
"– [Minnesota Republican Governor] Gov. Tim Pawlenty (R-MN), who complained that the “federal government is spending money they don’t have,” told Rachel Maddow he would nevertheless accept funds for Minnesota: “Our view is, if you buy the pizza, it’s OK if you have a slice.”""No wonder RNC [Republican National Committee] Chairman Michael Steele declared recently, “You have absolutely no reason — none — to trust our word or our actions at this point.”""– [South Carolina Republican Senator] Sen. Lindsey Graham (R-SC), who also campaigned ardently against the bill, said he would nevertheless gladly accept its funds for his state. “You don’t want to be crazy here,” he said."
"– [Florida Republican Representative] Rep. John Mica (R-FL) gushed over the bill, which he, too, voted against. “I applaud [Democratic] President Obama’s recognition that high-speed rail should be part of America’s future,” he said in a press release."
"– [Alaska Republican Representative] Rep. Don Young (R-AK) boasted that he “won a victory for…Alaska small business owners” in the recovery bill he refused to vote for."
"petehoekstra If you know of someone thinking of buying first home, now may be the time.Stimulus incentive is very generous!Up to 8k!Check it out.""UpdateBlueJersey notes adds [New Jersey Republican Representative] Rep. Leonard Lance (R-NJ) to the growing list. After insisting last Friday that the recovery bill "would have exploded our national debt without providing meaningful job growth," Lance toured construction sites in his district yesterday, touting funds that would come from the stimulus bill. "This is a classic example of a "shovel-ready' project," Lance said after the tour." -By Ali Frick -ThinkProgress.org
"Some 1,700 dunams of land in the northern part of Efrat were declared state land last week, paving the way for the West Bank settlement to start the process of seeking government approval to build there."... "Opposition to settlements has long been official United States policy, but the overwhelming tendency has been for [United States] U.S. administrations to turn a blind eye to settlement expansion. The expansion itself is an impediment to peace, and American unwillingness to stand behind our own policy commitments is devastating to our credibility in the region. " -By Matthew Yglesias -ThinkProgress.org"The Civil Administration issued the declaration after rejecting eight appeals by Palestinians against the move. A ninth appeal was accepted, and the land covered by this appeal was consequently removed from Efrat’s jurisdiction."
"According to the Wall Street Journal, [Republican President] Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others.""True. Waldman also notes that this is also an example of a liberal Democrat delivering early on a tax cut he promised during the campaign, a pledge "few Republican thought he'd keep."" ... "[Democratic President] Obama's tax cuts, meanwhile, are short-term refunds paid directly to working and middle class families (some of which Republicans have denounced as "welfare")." ... "As such, GOP [GOP=Grand Old Party=Republican] lawmakers are going to reject one of the largest, if not the largest, tax cut ever proposed by a president -- which just so happens to be targeted at the working and middle class families Obama vowed to look out for." -By Steve Benen -WashingtonMonthly.com"Now, perhaps some new analysis will show that the tax cuts end up not quite being the largest in history by this measure or that. But it's clear they're massive."
"I'm ducking the debate on whether this is economically a good or bad -- but surely it ought to be a big story."
"John J. Mack, chairman and chief executive officer, Morgan Stanley"" -By Alice Gomstyn and Russell Goldman with contributions by Matt Jaffe and Reynolds Holding -ABCNEWS.com
"2007 Compensation: Salary of $800,000 plus $40.2 million in stock awards."
"Morgan Stanley TARP Funding: $10 billion" ...
"Morgan Stanley was once a part of the powerhouse quintet that included the country's four other top brokerage firms: Bear Stearns, Goldman Sachs, Lehman Brothers and Merrill Lynch. Of the five, Morgan and Goldman were the only firms to avoid bankruptcy or a buyout, but barely -- both became bank-holding companies in the fall in order to qualify for TARP funds." ...
"John Stumpf, president and chief executive officer, Wells Fargo & Co."
"2007 Compensation: Salary of $749,615 plus a $4.2 million bonus and $11.6 million in stock awards."
"Wells Fargo TARP Funding: $25 billion" ...
"Vikram Pandit, chief executive officer, Citigroup"
"Compensation: Pandit became Citigroup's chief in late 2007. He received $44.4 million in stock awards in January, 2008."
"Citigroup TARP Funding: $45 billion" ...
"Ken Lewis, chairman and chief executive officer, Bank of America"
"2007 Compensation: Salary of $1.5 million plus a nearly $4.3 million bonus and $21.2 million in stock awards."
"Bank of America TARP Funding: $45 billion, including $10 billion allocated to Merrill Lynch." ...
"James Dimon, chief executive officer, JPMorgan Chase & Co."
"2007 Compensation: Salary of $1 million plus $14.5 million bonus and $13 million in stock awards."
"JPMorgan TARP Funding: $25 billion" ...
"Lloyd Blankfein, chief executive officer and chairman, Goldman Sachs & Co."
"2007 Compensation: Salary of $600,000 plus $27 million bonus and $26 million in stock awards."
"Goldman Sachs TARP Funding: $10 billion" ...
"Robert P. Kelly, chairman and chief executive officer, Bank of New York Mellon"
"2007 Compensation: Salary of $975,000 plus $7.5 million bonus and $10.4 million in stock awards."
"Bank of New York Mellon TARP Funding: $3 billion" ...
"Ronald E. Logue, chairman and chief executive officer, State Street Corp."
"2007 Compensation: Salary of $1 million plus nearly $3.8 million bonus and $22.7 million in stock awards."
"State Street Corp. TARP Funding: $2 billion" ...
"CANTOR: The use of obscenity…should not and cannot be tolerated. As a parent, I share the concerns of many regarding the level of offensive television and radio programs that are transmitted into our homes. The recent violations that have occurred disgusted not only me, but damage our society.""He added that “we will not be satisfied until those responsible” for disseminating obscenity “have been reprimanded.” The heads of Americans United for Change, the AFL-CIO, and AFSCME have already reprimanded Cantor." -ThinkProgress.org
"Nearly two million jobs have now been lost, and on Friday we are likely to learn that we lost more jobs last year than at any time since World War II. Just in the past year, another 2.8 million Americans who want and need full-time work have had to settle for part-time jobs.""The House-Senate compromise, however, cuts funds for extended health care coverage for the unemployed; cuts $30 billion in aid to state governments to prevent reductions in social services to the poor and out-of-work; and also cuts a special "Making Work Pay" tax holiday from $500 to $400 for an individual, and from $1,000 to $800 for a couple, for low-to-middle-income workers still hanging on to their jobs[.]" ... "Amid all the cutting, however, one group emerged unscathed: the upper-middle class, the not-quite-super-rich, but certainly not on the ropes. Most of these folks, in terms of income and employment, are what could be called the un-needy, a group clearly distinct from those Obama identified as the core target of the legislation. The "compromise" legislation includes $70 billion, or just under 10 percent of the whole package, to be used expressly to take care of these affluent people." ... "In fact, these lucky men and women make so much money that they fall into the ever-expanding grasp of the alternative minimum tax (AMT). The AMT was originally designed in 1969 to prevent the nation's millionaires and billionaires from using tax loopholes to pay zero income tax. That year, 155 very wealthy taxpayers paid no federal tax whatsoever. This year, if the law remains as it is currently crafted, the AMT would, through bracket creep, apply to as many as 25 million taxpayers, including those making in the $85,000 to $250,000 range, depending on how many deductions they claim (the more deductions, the more likely the AMT comes into play)." -By Thomas B. Edsall -HuffingtonPost.com
AMY
GOODMAN: "Professor Galbraith, are you for nationalizing banks?"
JAMES
GALBRAITH: "You know, I think the term is a political misleading term.
I learned a few months ago that in 1982, at the time of the Latin American
debt crisis, the [Republican President] Reagan administration’s FDIC had
a contingency plan to nationalize the major banks in the case that a major
Latin American country—let’s say Mexico or Argentina or Brazil—had defaulted
outright on its debt. This was not something that administration would
have wanted to do. In the end, they didn’t have to do it. But they had
a
plan to do it, if it was necessary because the banks were rendered insolvent
by the running to ruin of a major class of assets." ... "Well, we have
a major class of assets—that is to say, all of these subprime mortgage-backed
securities—which have run to ruin. They should never have been issued in
the first place. They are very, very highly likely to default. They were
issued on terms which makes them basically unmarketable, because there
is not adequate loan documentation. And when there is loan documentation,
that documentation evidently indicates that the loans are likely to go
bad, so that nobody outside will buy them. That’s a problem that exists
in the banking system, and the regulators simply have to deal with it."
... "And I don’t think—you know, it’s not—we’re not in 1945 in Attlee’s
Britain, where we are taking the commanding heights of their economy or
anything like that. We are doing what regulators always have to do, in
conservative and liberal administrations, when faced with major intractable
insolvencies in the financial system. If you don’t deal with that, the
problem of fraud and loss just gets worse. And the losses that are incurred
after insolvency are losses that fall on the taxpayer, because they come
against deposits that are insured. So, one way or another, until we deal
with this, the taxpayers’ liability just gets bigger and bigger."
AMY
GOODMAN: "Professor Galbraith, I hate to ask you this last question
with just about thirty seconds to go, but it’s about the title of your
book and what it means, The Predator State."
JAMES
GALBRAITH: "Well, the Predator State refers to the takeover of state
power by private interests masquerading behind conservative principle and
basically acting for private clients and private profit. That was the [Republican
President] Bush administration in a nutshell. The title goes back to Veblen
and a bit to my father’s New Industrial State, and it’s an attempt
to capture in two words a phenomenon that I think really has transformed
our economy, much for the worse in the last several decades."
-DemocracyNow.org
""The drug and medical-device industries are mobilizing to gut a provision in the stimulus bill that would spend $1.1 billion on research comparing medical treatments, portraying it as the first step to government rationing."""Read that to mean Big Pharma doesn't want you to find out the latest name brand pill they're advertising on the TV, is ten, or a hundred times more expensive than the pill it replaced when the patent ran out. It's an old industry trick. Change the formulation just enough to get a new patent so you can justify the cost under R&D. Profits before effectiveness always. A neutral study could end that game." ... "It's a good expenditure. As one industry puts it, "Comparative research has the potential to tell us which drugs and treatments are safe, and which ones work. This is not information that the private sector will generate on its own, or that the industry wants to share."" -By Libby Spencer -TheImpolitic
"Please take a look at the RNC [Republican National Committee] website - http://www.rnc.org/ On the right hand side is a link that goes to a list of all of the right wing radio shows, along with a plea to promote the RNC. The [Republican President] Bush administration was constantly denying that talk radio was just another arm of their party. The RNC seems to have given up this pretense. It was blatant government propaganda for eight years. Sickening!""Is there any doubt that Rush Limbaugh rules the GOP [GOP=Grand Old Party=Republican]? [Republican Chairman] Michael Steele has to beg for help from wingnut talk radio. How embarrassing. " -By John Amato -CrooksAndLiars.com
"KRUGMAN: Look at what just happened, we had a proposal I think it was McCain’s proposal for an economic recovery package, his version of it which was all tax cuts, a complete, let’s do exactly what Bush did, have another round of Bush-style policies. After eight years which that didn’t work and we got 36 out of 41 Republican senators voting for that which is completely crazy. So how much bipartisan outreach can you have when 36 out of 41 republican senators take their marching orders from Rush Limbaugh?"[Watch it]
"[Pete Sessions:] “Insurgency, we understand perhaps a little bit more because of the Taliban,” Sessions said during a meeting yesterday with Hotline editors. “And that is that they went about systematically understanding how to disrupt and change a person’s entire processes. And these Taliban — I’m not trying to say the Republican Party is the Taliban. No, that’s not what we’re saying. I’m saying an example of how you go about [sic] is to change a person from their messaging to their operations to their frontline message. And we need to understand that insurgency may be required when the other side, the House leadership, does not follow the same commands, which we entered the game with.” […]""Sessions made a similar analogy last week at the House Republicans’ retreat, saying that Republicans “need to get over the idea that they’re participating in legislation and ought to start thinking of themselves as ‘an insurgency’ instead.”" -By Ali Frick -ThinkProgress.org"When pressed to clarify, Sessions said he was not comparing the House Republican caucus to the Taliban, the Muslim fundamentalist group. “I simply said one can see that there’s a model out there for insurgency,” Sessions said before being interrupted by an aide."
"Later, Boulanger sent an e-mail to Abramoff expressing confidence that the senator [Republican Judd Gregg] for whom the staffer worked would give them a favor. “Easy money,” Boulanger wrote, adding that the aide “practically lives in our various suites. We are shady.”""As Raw Story notes, Gregg’s spokesman Joel Maiola said in 2006 that Gregg had “never had any contact” with Abramoff, despite his acceptance of donations from “two Indian tribes represented by Abramoff’s firm in 2002 and 2004.” Gregg reportedly donated the $12,000 to a New Hampshire-based charity." -By Matt Corley -ThinkProgress.org