Unanticipated consequences of the blogosphere on how we get our "news" and information
Friday, 23. October 2009, 18:46:51
I'm a little red rooster / too lazy to blog for days
Friday, 23. October 2009, 18:46:51
Wednesday, 21. October 2009, 00:08:08
Saturday, 15. August 2009, 21:01:35
Wayne McMahon was busted on gun charges six months after he got out of the Marines.
He was jumped by a gang of kids in his hometown of Albany, N.Y. , and he went for the assault rifle he kept in the back of his SUV.
He's serving "three flat, with two years of post-release" at Groveland Prison in upstate New York.
Maybe it's tempting to write McMahon off as just a screwed-up person who made the kinds of mistakes that should have landed him in jail, but maybe that's because his injuries don't show on the outside.

Thursday, 6. August 2009, 21:51:52
Jeremy Scahill reports at The Nation that the founder of Blackwater, Erik Prince, has been implicated in silencing whistleblowers at his company by killing them:
A former Blackwater employee and an ex-US Marine who has worked as a security operative for the company have made a series of explosive allegations in sworn statements filed on August 3 in federal court in Virginia. The two men claim that the company's owner, Erik Prince, may have murdered or facilitated the murder of individuals who were cooperating with federal authorities investigating the company. The former employee also alleges that Prince "views himself as a Christian crusader tasked with eliminating Muslims and the Islamic faith from the globe," and that Prince's companies "encouraged and rewarded the destruction of Iraqi life."
Saturday, 21. February 2009, 04:54:10
Friday, 30. January 2009, 06:24:21
By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived.
Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year.
Some bankers took home millions last year even as their employers lost billions.
The state comptroller, Thomas P. DiNapoli, said it was unclear if banks had used taxpayer money for the bonuses, a possibility that strikes corporate governance experts, and indeed many ordinary Americans, as outrageous. He urged the Obama administration to examine the issue closely.
“The issue of transparency is a significant one, and there needs to be an accounting about whether there was any taxpayer money used to pay bonuses or to pay for corporate jets (see Citigroup Likely to Face Criticism Over Jet, New York Times, Jan 26) or dividends or anything else,” Mr. DiNapoli said in an interview.
Lucian A. Bebchuk, a professor at Harvard Law School and expert on executive compensation, called the 2008 bonus figure “disconcerting.” Bonuses, he said, are meant to reward good performance and retain employees. But Wall Street disbursed billions despite staggering losses and a shrinking job market.
“This was neither the sixth-best year in terms of aggregate profits, nor was it the sixth-most-difficult year in terms of retaining employees,” Professor Bebchuk said.
Echoing Mr. DiNapoli, Professor Bebchuk said he was concerned that banks might be using taxpayer money to subsidize bonuses or dividends to stockholders. “What the government has been trying to do is shore up capital, and any diversion of capital out of banks, whether in the form of dividends or large payments to employees, really undermines what we are trying to do,” he said.
Bonuses paid by one troubled Wall Street firm, Merrill Lynch, have come under particular scrutiny during the last week.
Andrew M. Cuomo, the New York attorney general, has issued subpoenas to John A. Thain, Merrill’s former chief executive, and to an executive at Bank of America, which recently acquired Merrill, asking for information about Merrill’s decision to pay $4 billion to $5 billion in bonuses despite new, gaping losses that forced Bank of America to seek a second financial lifeline from Washington.
As President Obama spreads his New Testament balm over the capital, I’m longing for a bit of Old Testament wrath.
Couldn’t he throw down his BlackBerry tablet and smash it in anger over the feckless financiers, the gods of gold and their idols — in this case not a gilt calf but an $87,000 area rug, a cache of diamond Tiffany and Cartier watches and a French-made luxury corporate jet?
Senator [Carl] Levin said that the financiers will not be able to change their warped mentality, but will have to be reined in by Geithner’s new leashes. “I have no confidence that they intend or desire to change,” Levin told me. “These bankers got away with murder, and it’s obscene that close to nothing is being asked of financial institutions. I get incensed at the thought that a bank that’s getting billions of dollars in taxpayer money is out there buying fancy new airplanes.”
New York’s attorney general, Andrew Cuomo, always gratifying on the issue of clawing back money from the greedy creeps on Wall Street, on Tuesday subpoenaed [John} Thain, the former Merrill Lynch chief executive, over $4 billion in bonuses he handed out as the failing firm was bought by Bank of America.
[Maria] Bartiromo... asked Thain to explain, when jobs and salaries were being cut at his firm, how he could justify spending $1 million to renovate his office. As The Daily Beast and CNBC reported, big-ticket items included curtains for $28,000, a pair of chairs for $87,000, fabric for a “Roman Shade” for $11,000, Regency chairs for $24,000, six wall sconces for $2,700, a $13,000 chandelier in the private dining room and six dining chairs for $37,000, a “custom coffee table” for $16,000, an antique commode “on legs” for $35,000, and a $1,400 “parchment waste can.”
How are these ruthless, careless ghouls who murdered the economy still walking around (not to mention that sociopathic sadist Bernie Madoff?) — and not as perps?
Bring on the shackles. Let the show trials begin.
Tuesday, 27. January 2009, 06:41:06
Saturday, 8. November 2008, 19:03:39
Monday, 3. November 2008, 04:46:12
I assumed most people already knew that I had supported Obama. Anyone who has spent five minutes listening to my program would have known that. But if it helped to make it official, I'm happy to make it so.
Wednesday, 28. May 2008, 04:33:21
GENEVA - The Red Cross warned Tuesday of a possible surge in "food-related violence" because of soaring prices that are increasing hunger around the world.
Most of the debate surrounding the global food crisis has focused on boosting aid to poorer countries, but there is also concern about the potential for violence as people become desperate for food, said Jakob Kellenberger, president of the International Committee of the Red Cross.
Kellenberger, whose agency serves as the guardian of the Geneva Conventions on the rules of war, said fallout from rising prices has already sparked violence, alluding to food riots that erupted in Haiti, Egypt and Somalia.
It's not just a matter of higher prices, he said. "It becomes a question of survival, of just having access to food."
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