Archive | June, 2011

Cut Wall Street Down to Size With a Financial Speculation Tax | The Nation

18 Jun

If you want to transform the economy, you have to cut Wall Street down to its proper size. One way to do that is to tax the short-term speculative activities that dominate and distort financial markets.

For ordinary investors, the costs would be negligible, like a tiny insurance fee to protect against crashes caused by speculation. But for the highfliers who are most responsible for the financial crisis, the tax could raise the cost of highly leveraged derivatives trading and stock-flipping enough to discourage the most dangerous behavior.

via Cut Wall Street Down to Size With a Financial Speculation Tax | The Nation.

Robert M. Gates Weary of ‘Wars of Choice’ – NYTimes.com

18 Jun

In December 2006, Mr. Gates was brought on by President George W. Bush to fix Iraq, and he was kept on by President Obama to solve Afghanistan. Even as a trained historian, he said, he has learned most clearly over the last four and a half years that wars “have taken longer and been more costly in lives and treasure” than anticipated. . . .

“The only thing I guess I would say to that is: I hope I’ve prevented us from doing some dumb things over the past four and a half years — or maybe dumb is not the right word, but things that were not actually in our interest,” Mr. Gates said.

via Robert M. Gates Weary of ‘Wars of Choice’ – NYTimes.com.

Obama rejects top lawyers’ legal views on Libya – Libya – Salon.com

18 Jun

Electing men who would be king to the presidency is not good for our democracy. Not good at all.,

There’s another significant and telling parallel between Obama’s illegal war and the Bush eavesdropping scandal. One of the questions frequently asked about the NSA scandal was why Bush and Cheney decided to eavesdrop in violation of the law rather than having Congress approve their program; in the wake of 9/11, both parties in Congress were as subservient as could be, and would have offered zero resistance to requests by the administration for increased eavesdropping powers (the same question was asked of Bush’s refusal to seek Congressional approval for the detention and military commissions regime at Guantanamo). The answer to that question ultimately became clear: they did not want to seek Congressional approval, even though they easily could have obtained it, because they wanted to establish the “principle” that the President is omnipotent in these areas and needs nobody’s permission (neither from Congress nor the courts) to do what the President wants.

Obama seems to feel the same need.

All that aside, what is undeniable is that Obama could have easily obtained Congressional approval for this war — just as Bush could have for his warrantless eavesdropping program — but consciously chose not to, even to the point of acting contrary to his own lawyers’ conclusions about what is illegal.

Other than the same hubris — and a desire to establish his power to act without constraints — it’s very hard to see what motivated this behavior.  Whatever the motives are, it’s clear that he’s waging an illegal war, as his own Attorney General, OLC Chief and DoD General Counsel have told him.

via Obama rejects top lawyers’ legal views on Libya – Libya – Salon.com.

Nebraska nuclear reactor dry though surrounded by flood | Reuters

18 Jun

Let’s hope we can believe the NRC.

(Reuters) – The Fort Calhoun nuclear power station in Nebraska remains shut down due to Missouri River flooding, but the plant itself has not flooded and is expected to remain safe, the federal government said Friday.

The rising river “has certainly affected the site, but the plant itself, the actual reactor is still dry,” said Scott Burnell, Nuclear Regulatory Commission spokesman.

via Nebraska nuclear reactor dry though surrounded by flood | Reuters.

The Forty-Year Quagmire: An Exit Strategy for the War on Drugs | The Nation

17 Jun

The war on drugs is a bust.

This is how the war on drugs will end: with elder statesmen calling for radical change, and millions of victims of the drug war saying enough is enough, and fiscal conservatives tiring of the expense, and civil rights advocates embracing reform as part of their agenda, and young people rejecting the war as the folly of their elders, and elected officials deciding it’s time to step out—and tens of millions of parents concluding that their children and the future of our society are better served by policies that rely dramatically less on criminal sanctions and harsh punishments and much more on science, compassion, health and common sense.

via The Forty-Year Quagmire: An Exit Strategy for the War on Drugs | The Nation.

FBI Now Investigating Major U.S. Enemy: Domestic Peace Activists

17 Jun

Pretty soon they’ll be searching every house, at night, so they can look through the trapdoor that’s under every  bed, you know, the one that hides all the monsters.

There are two sides of the terror coin, after all: the people who want to kill you and the people who dislike the United States being at war all the time. Keep tabs on them both. Hell, just keep tabs on everyone. Everyone is now a terrorist.

Weirdest part: how did the FBI know who to go after when they wanted to perform raids? THEY LOOKED THROUGH OBAMA’S PHONE BOOK. Haha, there is some ironic proof he is a secret socialist terrorist. Some of those targeted are union organizers and activists Obama had contact with in Chicago.

via FBI Now Investigating Major U.S. Enemy: Domestic Peace Activists.

Green jobs are real: U.S. solar employs more people than steel

16 Jun

With roughly 93,500 direct and indirect jobs, the American solar industry now employs about 20,000 more workers than the U.S. steel production sector. The American steel industry has historically been a symbol of the country’s industrial might and economic prosperity. But today, the solar industry has the potential to overtake that image as we build a new, clean-energy economy.

via Green jobs are real: U.S. solar employs more people than steel | Grist.

Large-scale Solar: How Big Is Too Big?

16 Jun

With solar, bigger isn’t necessarily better. Solar can scale economically to meet local requirements.

Blaeloch thinks that large-scale projects will not help meet climate change goals faster. She said that the large-scale projects that have been proposed will face legal challenges going far into the future and believes that in the end it’s the big projects that will take longer to develop than proven, distributed PV.

Lastly, distributed PV also won’t need the giant transmission build-out that will be required to move power from many of the remote CSP project locations – another cost savings.

via Large-scale Solar: How Big Is Too Big? | Renewable Energy News Article.

What Trees are Appropriate for Your Area?

16 Jun

The Arbor Day Foundation has recently completed an extensive updating of U.S. Hardiness Zones based upon data from 5,000 National Climatic Data Center cooperative stations across the continental United States.

* See a map highlighting changes between 1990 and 2006.

* Find your hardiness zone.

* See a map of Alaska and Hawaii.

* See suggested trees for your region.

via The Arbor Day Foundation.

Bitcoin: Why the new electronic currency is a favorite of libertarian hipsters and criminals. – By Annie Lowrey – Slate Magazine

16 Jun

When you put a local currency on the web, it’s no longer local and it’s called peer-to-peer currency:

Bitcoin is a peer-to-peer currency, meaning it is not issued by a central authority, like the dollar or yen. The money supply grows as the network grows and will max out at about 21 million bitcoins. But right now, you can purchase them online on the Mt. Gox currency exchange or an over-the counter market. They do not exist in physical form—only electronically, owned and traded by members of a special, anonymous peer-to-peer network. No third-party intermediary, such as a payment processor or a bank, needs to keep tabs on or process the electronic transactions.

Here’s an interesting video discussion of  Bitcoin, though, be forewarned, the discussion is oriented toward illegal drugs.

via Bitcoin: Why the new electronic currency is a favorite of libertarian hipsters and criminals. – By Annie Lowrey – Slate Magazine.