Good news, everyone!
In the wake of so much depressing and oppressing mainstream media, I thought I’d dedicate this week to some of the redemptive and hopeful items in our culture/class/info war. Appropriately, some happy-time feel-good music to make you move your feet!
In The Hall Of The Mountain King – Will Bradley and the Ray McKinley Band
Cheek to Cheek – Billie Holiday
Lambeth Walk – Django Reinhardt & Stéphane Grappelli
Stomping At Decca – Django Reinhardt & Stéphane Grappelli
I’ve Got My Love To Keep Me Warm – Django Reinhardt & Stéphane Grappelli
I’m Perfectly Satisfied – Jack Hylton And His Orchestra
Feelin’ High And Happy – Gene Krupa
Here Comes The Sun – The Beatles
A Felicidade – Louiz Bonfa
Joy – Sun Ra
The Tide Is High – The Paragons
Rock-A-Hula Baby – Elvis Presley
Satisfy My Soul – Bob Marley
Surfboard Antonio – Carlos Jobim
Happy Together – The Turtles
Windy – Association
The Warmth Of The Sun – Beach Boys
Papa Gene’s Blues – Monkees
Love And Happiness – Al Green
Joy – Issac Hayes
Da Funk [Armand Van Helden Remix] – Daft Punk
19-2000 – Gorillaz
Tropicana – RATATAT
Satisfaction (Club Mix) – Benny Benassi
Besame Mucho – Dave Pike
You’ve Made Me So Very Happy – Blood, Sweat & Tears
Stranger in a Strange Land 2012-05-19: Feel Good by The Stranger on Mixcloud
Romney is having trouble staying on message, buffeted from all sides for his forced radical right social obligation, his “experience” as one of the wealthy elites we love-to-hate, a job-destroying corporate raider at Bain Capital in the 1980s, and his record of status quo pandering not much unlike Obama’s.
Romney is trying to pivot from the incendiary social issues that dominated GOP primaries to the economy, which polls show is his strongest suit, Obama’s biggest vulnerability and the No. 1 election issue.
He wants to “reward job creators” on Day One as president, which is code for “job-destroying greedy plutocrats.” He would also approve the Keystone oil pipeline regardless of environmental impact and start rolling back Obama’s health overhaul to leave millions at the mercy of a corrupt insurance industry.
Both of these are steps away from the science and the economic evidence.
He also found himself having to refudiate a conservative independent group’s $10 million TV ad campaign recalling Obama’s ties to the controversial Rev. Jeremiah Wright. It would have raised off-message race and religion issues.
After staying mostly quiet through the Republican primaries, Democrats are kicking off a new campaign to convince voters that Mitt Romney earned his fortune by exploiting workers at Bain Capital.
Formerly finance-friendly politicians are frenetically trying to straddle this hard line between populist appeasement and corporate donorship.
The Obama campaign has insisted repeatedly that its beef with Romney is about his specific business dealings and not private equity in general. But it can sound like a pretty thin distinction at times, especially to prominent Democratic donors who’ve worked in private equity themselves and are sensitive about being vilified as greedy corporate raiders.
Steve Rattner, who co-founded the Quadrangle Group, a successful private equity firm, hardly a fan of Romney in most circumstances, defended Bain Capital on MSNBC’s “Morning Joe” as a model company and called Obama’s attacks “unfair” (though he did disagree with Romney’s claim that private equity creates jobs).
In a case of awkward timing, Obama attended a fundraiser Monday hosted by Tony James, a top executive at the world’s largest private equity firm, Blackstone Group. Like Rattner, James is on the record defending private equity from Obama.
But if President Obama is politically vulnerable on the weak recovery of the economy, Romney will be increasingly vulnerable in the presidential race for embracing Paul Ryan’s plan – if the Democrats make clear the dangers it poses for the vast majority of Americans, the servants at Romney’s “marvelous” policy buffet. Declaring the presidential race starkly as a “make-or-break moment for the middle class,” Obama told Associated Press editors in April that in the much-different budgets he and Ryan have proposed, voters face a “choice between competing visions of our future [that] has [not in recent memory] been so unambiguously clear.”
The Ryan-Romney plan is further to the Right – and more hurtful to average Americans – than anything from Ronald Reagan or Newt Gingrich’s Contract with America, Obama said. Calling it “thinly veiled social Darwinism,” he argued that his “centrist” approach has historically drawn support even from Republicans, from Lincoln to Eisenhower, who saw government as a way to “do together what we cannot do as well for ourselves.”
The Ryan budget will not only fail to do what it claims, but in most cases will do just the opposite. As New York Times columnist Paul Krugman put it, the budget is “the most fraudulent in American history.”
Under the guise of cutting deficits and protecting health and retirement security, Ryan-Romney would change federal health insurance to reduce federal costs but only by shifting the burden back to individuals – especially the aged and poor – not by increasing efficiency. The budget would raise the eligibility age for Medicare in the future and replace Medicare with vouchers, turn over Medicaid to the states with inadequate, declining block grants, and invalidate most of the Affordable Care Act, including its expansion of Medicaid. As a result, as many as 27 million people would lose Medicaid coverage (according to the Urban Institute), and 33 million uninsured will not gain insurance promised through the Affordable Care Act.
These are the sorts of injustice that show where reform is necessary.
Powerful elites like Jaime Dimon have been working for years to destroy financial reforms, with a set of insidious tactics, recently outlined by Matt Taibbi in Rolling Stone
- STEP 1: STRANGLE IT IN THE WOMB
- STEP 2: SUE, SUE, SUE
- STEP 3: IF YOU CAN’T WIN, STALL
- STEP 4: BULLY THE REGULATORS
- STEP 5: PASS A GAZILLION LOOPHOLES
Two years ago, when he signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, President Barack Obama bragged that he’d dealt a crushing blow to the extravagant financial corruption that had caused the global economic crash in 2008. “These reforms represent the strongest consumer financial protections in history,” the president told an adoring crowd in downtown D.C. on July 21st, 2010. “In history.”
The new law ostensibly rewrote the rules for Wall Street. It was going to put an end to predatory lending in the mortgage markets, crack down on hidden fees and penalties in credit contracts, and create a powerful new Consumer Financial Protection Bureau to safeguard ordinary consumers. Big banks would be banned from gambling with taxpayer money, and a new set of rules would limit speculators from making the kind of crazy-ass bets that cause wild spikes in the price of food and energy. There would be no more AIGs, and the world would never again face a financial apocalypse when a bank like Lehman Brothers went bankrupt.
Most importantly, even if any of that fiendish crap ever did happen again, Dodd-Frank guaranteed we wouldn’t be expected to pay for it. “The American people will never again be asked to foot the bill for Wall Street’s mistakes,” Obama promised. “There will be no more taxpayer-funded bailouts. Period.”
And though Paul Volcker has said Jaime Dimon should give up his banking license, others are calling for him to stand trial.
Let’s put JPMorgan Chase chairman, president and CEO James “Jamie” Dimon on trial. Mr. Dimon has a reputation for being the sagest guy on Wall Street and an expert at managing risk. JPMorgan emerged from the financial crisis not just unscathed but secure enough to step in and rescue Bear Stearns when the government asked it to. (He gets very mad when you say that his bank got bailed out by the government, and he insists that the government made him take all that free money.) Then his bank somehow accidentally lost billions of dollars last week, whoops! And he is really embarrassed, but not embarrassed enough to fire himself. So, let’s put him on trial and force him to explain what good he and his bank are.
The FBI has opened a probe into trading losses at the biggest US bank, JPMorgan Chase & Co. The SEC is investigating the massive loss. Dimon might have to be hauled before Congress to answer questions.
“Wouldn’t it have been better if that $2 billion had been used for almost anything in the world besides shady mega-bank gambling that no one understands?” And, “Doesn’t it seem you guys could save a bit of money on salaries and so forth while still achieving basically the same results if you replaced your chief investment officer with some old people who play video slots all day?”
It seems like America was actually doing pretty well with there not being any such thing as credit-default swaps, which JPMorgan invented, in the 1990s, right before investment banks were allowed to merge with retail banks and do whatever they wanted with everyone’s money.
Also did Dimon lie during his first-quarter earnings call last month, or did he have no idea what sort of things his chief investment office was up to (even after their actions were reported in the press)? If he didn’t have any idea, shouldn’t he maybe step down to run a smaller bank, where he can keep a closer eye on everything? Dimon said initially that the stuff that lost all the money wouldn’t have violated the Volcker Rule, even though it plainly violates the spirit of the Volcker Rule but also he’s not sure if the bank broke any laws?
President Barack Obama said on Monday that the huge trading loss at JPMorgan Chase, demonstrated the need for Wall Street reform.
So what can be done?
In the 1930s, after the mother of all banking panics, we arrived at a workable solution, involving both guarantees and oversight. On one side, the scope for panic was limited via government-backed deposit insurance; on the other, banks were subject to regulations intended to keep them from abusing the privileged status they derived from deposit insurance, which is in effect a government guarantee of their debts. Most notably, banks with government-guaranteed deposits weren’t allowed to engage in the often risky speculation characteristic of investment banks like Lehman Brothers.
But with many lawmakers personally invested in JPMorgan Chase, can we expect any real change to be made in Washington?
|Sen. Frank R. Lautenberg (D)
|Sen. Mary L. Landrieu (D)
|Sen. Jeff Bingaman (D)
|Sen. Tom Coburn (R)
|Sen. Sheldon Whitehouse (D)
|Sen. Claire McCaskill (D)
|Rep. Leonard Lance (R)
|Rep. Jim Renacci (R)
|Rep. F. James Sensenbrenner Jr (R)
|Rep. Peter Welch (D)
|Rep. Lloyd Doggett (D)
|Rep. Mike Conaway (R)
|Rep. John Boehner (R)
|Rep. Rodney Frelinghuysen (R)
|Rep. Mary Bono Mack (R)
|Rep. Connie Mack (R)
|Rep. Ander Crenshaw (R)
|Rep. Kurt Schrader (D)
|Rep. David McKinley (R)
One of the most dogged Wall Street reformers on Capitol Hill says there’s a small but golden opportunity to close key loopholes in the 2010 financial reform law,
“We have felt like there’s two of us against hundreds of Wall Street lawyers working on this all day, every day — and that the public was disengaged from the issue,” Sen. Jeff Merkley (D-OR) said “Now the public is engaged. There’s a chance here — because the rules are supposed to go into effect in July — there’s a moment of possibility, we’re trying to do all we can to press it forward, say ‘seize this moment and get the rules right.’ Because once they’re put in place it’s very hard to change them.”
Merkley, along with Sen. Carl Levin (D-MI), were the primary authors of the so-called Volcker Rule, meant to forbid federally insured banks from speculating with depositor money. But the regulators tasked with writing and implementing the rule, under pressure from the financial services industry, wrote exemptions into the draft that, if finalized, would allow firms to continue making the risky trades that got JP Morgan into trouble.
Meanwhile, from the Chicago Chapter of the National Lawyers Guild…
The National Lawyers Guild (NLG) condemns a preemptive police raid that took place at approximately 11:30pm Wednesday in the Bridgeport neighborhood, and instances of harassment on the street, in which Chicago police are unlawfully detaining, searching, and questioning NATO protesters. The Bridgeport raid was apparently conducted by the Organized Crime Division of the Chicago Police Department and resulted in as many as 8 arrests.
According to witnesses in Bridgeport, police broke down a door to access a 6-unit apartment building near 32nd & Morgan Streets without a search warrant. Police entered an apartment with guns drawn and tackled one of the tenants to the floor in his kitchen. Two tenants were handcuffed for more than 2 hours in their living room while police searched their apartment and a neighboring unit, repeatedly calling one of the tenants a “Commie faggot.” A search warrant produced 4 hours after police broke into the apartment was missing a judge’s signature, according to witnesses. Among items seized by police in the Bridgeport raid were beer-making supplies and at least one cell phone.
“Preemptive raids like this are a hallmark of National Special Security Events,” said Sarah Gelsomino with the NLG and the People’s Law Office. “The Chicago police and other law enforcement agencies should be aware that this behavior will not be tolerated and will result in real consequences for the city.”
In another incident, 3 plainclothes police officers unlawfully stopped, handcuffed, and searched a NATO protester on Michigan Avenue and Wacker Drive at approximately 2pm today. According to the protester, he did not consent to a search and there was no probable cause to detain him. The police also photographed and questioned him about where he was from, how he got to Chicago, how long it took, what he was doing here, where he was staying, who he was with, and how long he was planning to say in Chicago. The protester refused to answer any questions and was eventually released.
The NLG has received reports that at least 20 people have been arrested so far this week, and two people are still in custody, not including the Bridgeport residents who are still unaccounted for. One of the protesters currently being detained, Danny Johnson of Los Angeles, has been accused of assaulting a police officer during an immigrant rights rally on Tuesday afternoon. However, multiple witnesses on the scene, including an NLG Legal Observer, recorded a version of events that contradict the accusations of police.
During the week of NATO demonstrations, the NLG is staffing a legal office and answering calls from activists on the streets and in jail. The NLG will also be dispatching scores of Legal Observers to record police misconduct and representing arrestees in the event the city pursues criminal prosecutions.
And while these affronts to civil liberties enrage and outrage (as they should), while we report and protest, remember, these reactionary authoritative actions will only cost the system more when they inevitably lose.
The good news, according to Noam Chomsky, is that Occupy has created solidarity in the US.
The NYPD has lost its first Occupy Wall Street Trial. This case could have been a slam dunk for the NYPD, had it not been for one thing: the video showing police claims of disorderly conduct during an OWS protest to be completely untrue.
Hundreds have been arrested during the Occupy Wall Street protests, but photographer Alexander Arbuckle’s case was the first to go to trial – and after just two days, the Manhattan Criminal Court found him not guilty.
Arbuckle was arrested on New Year’s Day for allegedly blocking traffic during a protest march. He was charged with disorderly conduct, and his arresting officer testified under oath that he, along with the protesters, was standing in the street, despite frequent requests from the police to move to the sidewalk.
But things got a little embarrassing for the NYPD officer when the defense presented a video recording of the entire event, made by well-known journalist Tim Pool.
Pool’s footage clearly shows Arbuckle, along with all the other protesters, standing on the sidewalk. In fact, the only people blocking traffic were the police officers themselves
His lawyers said the video proving that testimony false is what swayed the judge, and the verdict a clear indication that the NYPD was over-policing the protests.
The irony of the case, however, is that Arbuckle was not a protester, or even a supporter of the Occupy movement. He was there to document the cops’ side of the story. A political science and photography major at NYU, Arbuckle felt the police were not being fairly represented in the media.
Also hearteningly, in a surprising letter (.pdf) sent on Monday to attorneys for the Baltimore Police Department, the Justice Department also strongly asserted that officers who seize and destroy such recordings without a warrant or without due process are in strict violation of the individual’s Fourth and Fourteenth Amendment rights.
The letter was sent to the police department as it prepares for meetings to discuss a settlement over a civil lawsuit brought by a citizen who sued the department after his camera was seized by police.
In the lawsuit, Christopher Sharp alleged that in May 2010, Baltimore City police officers seized, searched and deleted the contents of his mobile phone after he used it to record them as they were arresting a friend of his.
The right to record police officers in the public discharge of their duties was essential to help “engender public confidence in our police departments, promote public access to information necessary to hold our governmental officers accountable, and ensure public and officer safety,” wrote Jonathan Smith, head of the Justice Department’s Special Litigation Section, who cited the Rodney King case as an example of police abuse caught on camera.
A federal judge in New York has given the go ahead for a class action lawsuit to move forward against the city’s police department over allegations that its ‘stop-and-frisk’ program has continuously allowed officers to discriminate against minorities.
In a ruling made Wednesday by US District Judge Shira Scheindlin, the pending suit against the NYPD, New York Mayor Michael Bloomberg and others was granted class action status.
When asked for his take on Judge Scheindlin’s decision, NYPD Commissioner Ray Kelly told the New York Times that he had no comment because the litigation was continuing, but offered one quip: “It is what it is.”
Elsewhere in her ruling, Judge Scheindlin says that the NYPD’s arguments in favor of the program appear “cavalier”and display “a deeply troubling apathy towards New Yorkers’ most fundamental constitutional rights.”
In a statement offered to the AP, the law office for the city of New York says, “We respectfully disagree with the decision and are reviewing our legal options.”
Another federal district judge, the newly-appointed Katherine Forrest of the Southern District of New York, issued an amazing ruling: one which preliminarily enjoins enforcement of the highly controversial indefinite provisions of the National Defense Authorization Act, enacted by Congress and signed into law by President Obama last December. This afternoon’s ruling came as part of a lawsuit brought by seven dissident plaintiffs — including Chris Hedges, Dan Ellsberg, Noam Chomsky, and Birgitta Jonsdottir — alleging that the NDAA violates ”both their free speech and associational rights guaranteed by the First Amendment as well as due process rights guaranteed by the Fifth Amendment of the United States Constitution.”
In a 68-page ruling, US District Judge Katherine Forrest agreed on Wednesday that the statute failed to “pass constitutional muster” because its language could be interpreted quite broadly and eventually be used to suppress political dissent.
“There is a strong public interest in protecting rights guaranteed by the First Amendment,” Forrest wrote, according to CourtHouseNews.Com. “There is also a strong public interest in ensuring that due process rights guaranteed by the Fifth Amendment are protected by ensuring that ordinary citizens are able to understand the scope of conduct that could subject them to indefinite military detention.”
The Manhattan judge therefore ruled in favor of a group of writers and activists who sued US officials, including President Barack Obama. They claimed that the act, which was signed into law on December 31, makes them fear possible arrest by US armed forces.
The ruling was a sweeping victory for the plaintiffs, as it rejected each of the Obama DOJ’s three arguments: (1) because none of the plaintiffs has yet been indefinitely detained, they lack “standing” to challenge the statute; (2) even if they have standing, the lack of imminent enforcement against them renders injunctive relief unnecessary; and (3) the NDAA creates no new detention powers beyond what the 2001 AUMF already provides.
The court also decisively rejected the argument that President Obama’s signing statement – expressing limits on how he intends to exercise the NDAA’s detention powers — solves any of these problems. That’s because, said the court, the signing statement “does not state that § 1021 of the NDAA will not be applied to otherwise-protected First Amendment speech nor does it give concrete definitions to the vague terms used in the statute.”
The court found that the plaintiffs have “shown an actual fear that their expressive and associational activities” could subject them to indefinite detention under the law,and “each of them has put forward uncontroverted evidence of concrete — non-hypothetical — ways in which the presence of the legislation has already impacted those expressive and associational activities” (as but one example, Hedges presented evidence that his “prior journalistic activities relating to certain organizations such as al-Qaeda and the Taliban” proves “he has a realistic fear that those activities will subject him to detention under § 1021″). Thus, concluded the court, these plaintiffs have the right to challenge the constitutionality of the statute notwithstanding the fact that they have not yet been detained under it; that’s because its broad, menacing detention powers are already harming them and the exercise of their constitutional rights.
But even after a federal court deemed the NDAA unconstitutional, the US House of Representatives refused to exclude indefinite detention provisions from the infamous defense spending bill during a vote on Friday.
An attempt to strike down any provisions allowing for the US military to indefinitely detain American citizens without charge from next year’s National Defense Authorization Act was shot down Friday morning in the House of Representatives.
A colleague asked me how the government could blatantly disregard the courts (those that have not been stacked or bought). There’s not much they can’t do, and it’s getting a whole lot worse. With Big Brother street lamps, “incidental” drone spying on American citizens, and the US Immigration & Customs Enforcement (ICE) as well as the Department of Homeland Security (DHS) considering collecting DNA from kids. Soon all of this information may be collated at the NSA mega-base in Utah.
“Even though information may not be collectible, it may be retained for the length of time necessary to transfer it to another DoD entity or government agency to whose function it pertains.”
You could just hack into the systems yourself, as can be easily done with CCTV, for example. But this says little of citizen empowerment, since about half of those that utilize this cyber-espionage will be criminals, and not protesters.
But don’t let all that make you feel bad. There are many groups out there (such as the EFF) fighting against such injustices. Join the fray. You’ll feel a lot better.