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OIL DASHBOARD
August, Friday 8, 2008
FINANCIALS TRACKER
DAILY OPINION
IMAGE ARCHIVE
13|05
--------------------------------------------------------------------------------------------------------------------
It
looks as though it will no longer be possible to maintain this space carefully
for a while
An alternative for those of you who like your news from all over could
be to use this toolbar I have created.
It has a whole lot of stuff built in, including links to most of my regular
points of reference on the web
http://RedTop.OurToolbar.com
It
will work with I.E. and Firefox & it it even has radio & tv stations
built in
--------------------------------------------------------------------------------------------------------------------
May
Day in Cuba [ Guardian
]
+
Mad Media flu ... Whatever you do, don't believe the hyperbole [ Marina
Hyde ]
+ Silvio ... as popular il Duce himself [ Guardian
]
01|05
--------------------------------------------------------------------------------------------------------------------
| DEADLY
DISEASE IS THE PRICE WE PAY FOR CHEAP MEAT A swelling number of scientists believe swine flu has not happened by accident. No: they argue that this global pandemic – and all the deaths we are about to see – is the direct result of our demand for cheap meat. So is the way we produce our food really making us sick as a pig? [ Johann Hari ] |
+ Sri Lankan government admits they bombed inside the "safe zone" [ aj ]
+ Torture lessons for $1000 a day [ abc ]
| WHAT
EVER HAPPENED TO THE ISRAELI LEFT? "Israel is under existential threat, and that is how Israel's military and political leaders must see the situation." In a 2007 essay, Morris, a professor of history at Ben-Gurion University, imagined a "second holocaust": nuclear-tipped Iranian missiles raining down on Haifa and Tel Aviv. "A million or more Israelis ... will die immediately," he predicted ... That is not the sort of language one expects from an icon of the left and an intellectual lodestar for supporters of the Palestinians. But Morris, 61, like much of the Israeli left, has grown ever more cynical about the prospects for a two-state solution and for peace [ Foreign Policy ] |
+ Can the US put pressure on Israel? Stephen Walt assesses the options
| ANOTHER
HISTORIC DAY FOR BRITS IN IRAQ One hundred and seventy-nine dead soldiers. For what? 179,000 dead Iraqis? Or is the real figure closer to a million? We don't know. And we don't care. We never cared about the Iraqis. That's why we don't know the figure. That's why we left Basra yesterday ... As T.E. Lawrence said, "whether they are fit for independence or not remains to be tried. Merit is no justification for freedom." [ Robert Fisk ] | Lies, to the bitter end [ Fisk ] |
| "People in risk management don't know a fraction of what they should; they're not sceptical, they haven't tested the data or used their imagination to find solutions ...Governments know nothing of this subject, they spent two minutes thinking about it, without considering the consequences or getting advice from consultants ... we should send regulators to derivatives courses so they could ask questions to the banks [ Mathematician Paul Wilmott, who forecast the banking crisis | his blog ] |
30|04
--------------------------------------------------------------------------------------------------------------------
THE
BLING DYNASTY How China is picking over America's Carcass -- Wand Jianxi is the picture of an investment banker—close-cropped hair, owlish glasses, crisp business suits. A vice president of Beijing's $200 billion state-controlled investment fund, he travels in the same rarefied circles as the men and women of Goldman Sachs, UBS, and other Western financial giants. In their company, he goes by "Jesse." And like any savvy banker, Jesse knows the value of PR. As China Investment Corporation was getting off the ground in 2007, Wang hit the Western conference circuit to insist that the fund—governed by a group of senior Communist Party members—would have no political leanings. He cruised from one American think tank to the next, delivering lectures on the global economy, and even sat down one-on-one with Charlie Rose. [ MoJo ] |
| GEITHNER:
THE MAN IN THE BUBBLE Has Timothy Geithner ever had lunch with a non-megamillionaire who has lost his job or home because of the banking meltdown? I ask that question after reading the list of the treasury secretary’s luncheon dates when he was head of the New York Federal Reserve, a list that the government was forced to provide in response to a lawsuit.During those years when he was supposed to be supervising Wall Street, he supped most often in the top-echelon dining room of some bank or at the home of one of the financial moguls who created the mess that has now bankrupted billions throughout the world. One of his frequent luncheon buddies was Sanford I. Weill, who as chairman of Citigroup lobbied successfully for the reversal of key regulations that dated back to the New Deal era. That change permitted Weill’s oligarchy to become “too big to fail.” [ Robert Scheer ] |
[ Patrick Blower: Guardian ]
| The bailout programs are not being paid for with "taxpayer money", as Obama claims. Instead, the money is coming from the savings of the frugal Japanese, Chinese and Europeans. The United States now needs $1 billion (€760 million) in foreign funds every working day just to maintain its standard of living. The country consumes more than half of all worldwide savings. [ Spiegel ] |
+ Obama's pragmatism poses no threat to the reigning national security consensus [ Andrew Bacevich ]
+ ONE TO SEE: The First 100 Days in History. [ Prezzes compared by Good Magazine ]
+ Obama's first 100 days as a Facebook feed [ slate ]
| Racism and That Unexceptional Walkout I can think of only one international body that can lay claim to a semblance of democracy: the United Nations. All the other organisations that regard themselves as global – the International Monetary Fund, the World Bank and the World Trade Organisation – are creations of the west and their power structures reflect that fact. This is the reason why the United States has always had a troubled relationship with the UN; it is the one organisation where it is not assured of getting its own way. On the contrary, it often finds itself hugely outnumbered, resolutions on the Middle East and Israel being a classic trigger. That, rather than being strapped for cash, is why the US has always been so reluctant to pay its dues. So, it was no surprise to find the US boycotting this year’s UN World Conference against Racism in Geneva, or that it walked out of the first such meeting in Durban in 2001. America is invariably on the defensive on such occasions. [ Martin Jacques ] |
Cheney's twisted world [ CounterPunch ]
+ ONE TO WATCH: Pakistan's fetish factories [ nyt ]
+ Are new viral outbreaks the unintended consequence of Western-style agribusiness? [ Democracy Now ]
+ The bare necessities of life, as researched in 09 [ reuters ]
27|04
--------------------------------------------------------------------------------------------------------------------
BUDDHA DAY IS COMING ...
Seoul's Lotus Lantern festival celebrates the birth of Buddha, which falls on 2 May [ Guardian ]
+ A model business: Conde Nast's shuts Porfolio after $100 million hole in two years [ BusinessInsider ]
+ Why does the swine flu epidemic make me think of Rumsfeld?
+ Latest findings on CIA rendition point fingers at Poland [ spiegel ]
+ The torture timeline [ Foreign Policy ]
ONE TO WATCH: Bill Maher has a giggle at Republican rage [ YouTube ]
| HAS
ZUMA FOUND A POISONED CHALINCE AT THE END OF S.A.'S RAINBOW? Desperate black voters, who gave the ANC this victory, did so in a last-ditch hope that its leaders will turn their liberation struggle promises and good intentions into action. That calls for Zuma to roll up his sleeves from day one. He is unlikely to have the honeymoon period that previous ANC governments had. If the ANC does not deliver this time, people are likely to plunge back into apathy or protest strongly, even violently. Having turned out in their millions, the challenge now is for South Africans to stay politically active. They must hold the new government accountable, to prevent the abuse of power we have seen in recent years. [ William Gumede ] |
CLEANING
UP AFTER ICELAND'S MALE-DOMINATED MELTDOWN  The Social-Democratic Party of Prime Minister Jóhanna Sigurðardóttir (l) won 32% of the vote in the country's first general election since its financial collapse months ago. The Left Green Party led by new Education Minister Katrín Jakobsdóttir won around 28% as voters clearly decided a change was in order [ Huff | Spiegel ] |
| +
ONE TO WATCH:
Bill
Moyers discusses the likelyhood of new Congressional hearings on the
financial industry with economist Simon Johnson and Ferdinand Pecora
biographer and legal scholar Michael Perino [ PBS
] "Laws are not a panacaea and they are not self-executing" [ Ferdinand Pecora, chief counsel for the Senate Bank Committee in the 30s ] |
23|04
--------------------------------------------------------------------------------------------------------------------
[ bbc ]
+ Whose data is it anyway? The tale of an honest man and the national database [ Guardian ]
| WALKING
OUT ON AHMADINEJAD WAS JUST PLAIN CHILDISH The UK's ambassador to the UN in Geneva, Peter Gooderham, rather gave the game away when he said afterwards: "As soon as President Ahmadinejad started talking about Israel, that was the cue for us to walk out. We agreed in advance that if there was any such rhetoric there would be no tolerance for it." The Iranian leader, he went on to say, was guilty of anti-Semitisim. Just how you can accuse a man of anti-Semitisim when you haven't stayed to hear him talk is one of those questions which the Foreign Office no doubt trains its diplomats to explain. But what basically was our representative trying to say here? That any mention of the word Israel is barred from international discussions? [ Adrian Hamilton ] |
THE MAGIC ROUNDABOUT
+ Lieberman: U.S. to accept any Israeli policy decision [ Haaretz ]
= Clinton: U.S. won't deal with Hamas until it accepts our terms [ Haaretz ]
+ How dare they tap moi, says wiretatap-voting Senator [ Salon ]
= Spy charges against Israel lobbyists may be dropped [ WaPo ]
+ Blair wants war on militant Islam [ Times ] War must always be an option, says peace envoy [ bbc ]
= Israel defies US and destroys Palestinian home in East Jerusalem [ independent ]
+ Huge turnout set to give Zuma a massive mandate [ M&G ] Election latest [ SABC News ]
... but who will be the bigamist president's First First Lady?
21|04
--------------------------------------------------------------------------------------------------------------------
"Once you get to a substantive compliance analysis for "cruel, inhuman, and degrading" you get the position that the substantive standard is the same as it is in analogous U.S. constitutional law. So the OLC must argue, in effect, that the methods and the conditions of confinement in the CIA program could constitutionally be inflicted on American citizens in a county jail." [ Philip Zelikov | Secretary of State Condoleezza Rice's policy representative to the NSC Deputies Committee ] WHETHER TO PROSECUTE OR NOT IS NOT OBAMA'S CALL TO MAKE One of the central principles of our justice system is supposed to be that specific decisions about Justice Department prosecutions are to be made independent of all political considerations, including the White House's political agenda or the President's political interests ... This is the principle that has made it so strange, and increasingly disturbing, that the power to decide whether Bush officials should be prosecuted was being vested in Barack Obama. Whether to commence criminal investigations and prosecutions of specific acts of alleged criminality is not Obama's decision to make. It is the duty of the Justice Department, and ultimately the Attorney General, to make those decisions based strictly on legal considerations, and independent of the political interests of the White House. Whether or not Obama favors prosecutions is really irrelevant. [ Glenn Greenwald ] Watch Obama's press conference [ DailyKos TV ] Watch the White House media briefing [ cspan ] + So what made the White House change tack? [ Scott Horton ] |
| THE
TROUBLE WITH TORTURE ... is that sometimes it works; and when it does, the devil sings ... We may find it incredible that democracies such as Britain and America find themselves opening the 21st century with a debate on the efficacy of such medieval tortures as extreme confinement, sleep deprivation and near-drowning. Yet it is now clear that both countries have been reduced by the hysterics of the war on terror to making use of information extracted under torture. Do we just forgive and forget?" [ Simon Jenkins ] |
"Why is anyone listening to former Vice President Cheney? He's the
one person alive proven wrong on virtually every topic ..." [ Sean Penn ]
21|04
--------------------------------------------------------------------------------------------------------------------
| IMF
REVISES ESTIMATE OF TOXIC HOLE TO $4.1 TRILLION The global financial sector faces write-downs of $4.1tn (£2.8tn) from the toxic assets that have crashed in value since the start of the credit crunch 20 months ago, the International Monetary Fund said today . In its first comprehensive study of the impact of the crisis on banks and other financial institutions, the Fund said that it had increased its estimate of the potential losses in the US from $2.2tn to $2.7tn as a result of the deepening economic slump over the past three months. Europe and Japan between them account for $1.3tn of the write-downs, with UK banks facing losses of $316bn (£216bn). The Fund warned that the damage to the balance sheets of institutions would take years to fix and would lead to a credit famine in Britain, the US and Europe. [ Guardian ] |
POLITICAL WALLPAPER: ITALY'S SYMBOLIC PLURALISM (THERE ARE 45 MORE ...)
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| "Once the Polo (PDL) has won the election, the regime of the right-wing will be complete when Berlusconi has swept away the administration of the state broadcaster RAI and has synchronised its political output with that of his own stations. This (the PDL) is not the "right", it is a right-wing with a baton in hand. Italians, it would seem, are not capable of turning right without picking up a baton along the way ... [ Indro Montanelli, quoted by Marco Travaglio ] |
YOU'VE GOT TO LAUGH ... RIGHT?
| DOES
THE WHITE HOUSE NEED A LITTLE MORE REV WRIGHT? Israel and the United States, which could be charged under international law with crimes against humanity for actions in Gaza, Iraq and Afghanistan, will together boycott the United Nations World Conference Against Racism in Geneva. Racism, an endemic feature of Israeli and American society, is not, we have decided, open for international inspection. Barack Obama may be president, but the United States has no intention of accepting responsibility or atoning for past crimes, including the use of torture, its illegal wars of aggression, slavery and the genocide on which the country was founded. Like Israel, we prefer to confuse lies we tell about ourselves with fact. [ Chris Hedges ] |
+ Apple's "networked warfare" apps for iPod [ netgadget ]
+ Pentagon's $300 billion "Joint Strike Fighter" project has been hacked [ WSJ ]
+ Did Congresswoman back Aipac "spy" pair in exchange for a top committee job? [ Congressional Quarterly ]
+ 4,197,371 Pink Slips [ Slate | from Daily Dish ]
| Has
there ever been another Pulitzer-Prize-winning story for investigative
reporting never to be mentioned on major television -- let alone one
that was twice featured as the lead story on the front page of The
New York Times? To pose the question is to answer it.
[ Greenwald | All the Pulitzer winners ] |
--------------------------------------------------------------------------------------------------------------------
OUR BOT-MEDIATED REALITY
Businessman, author (Daemon) and programmer Daniel Suarez
(aka Leinad Zaurus) discusses the role of "bots" in our society
19|04
--------------------------------------------------------------------------------------------------------------------
IS
THIS THE MOST HAZARDOUS PLACE IN EUROPE? Last week the British Government announced plans for a new generation of nuclear plants. But Britain is still dealing with the legacy of its first atomic installation at Sellafield - a toxic waste dump in one of the most contaminated buildings in Europe. As a multi-billion-pound clean-up is planned, can we avoid making the same mistakes again, asks Robin McKie, science editor of the Observer. |
+ What's racism? Wrangle over words means widening boycott of "politicized" UN conference [ AJ ]
+ ... but Mitchell pushes Tel Aviv on terms of engagement. Prior recognition of Israel not obligatory [Haaretz ]
+ Gap, Esquire. AIG, among the 12 major brands that will fade soonest [ 247wallst ]
+ Detainee was waterboarded 183 times in just one month ... still had little to say [ daily kos ]
+ Name 13 things that scientists can't make sense of [ New Scientist ]
| HOW
SOMALIA'S FISHERMEN BECAME PIRATES Amid the current media frenzy about Somali pirates, it's hard not to imagine them as characters in some dystopian Horn of Africa version of Waterworld. We see wily corsairs in ragged clothing swarming out of their elusive mother ships, chewing narcotic khat while thumbing GPS phones and grappling hooks. They are not desperate bandits, experts say, rather savvy opportunists in the most lawless corner of the planet. But the pirates have never been the only ones exploiting the vulnerabilities of this troubled failed state -- and are, in part, a product of the rest of the world's neglect. [ Ishaan Tharoor | Time ] |
18|04
--------------------------------------------------------------------------------------------------------------------
| BEYOND
THE LOOKING GLASS WITH AIG Nothing about the disastrously bankrupt insurance behemoth AIG should suprise one anymore, but their latest news-grabbing episode has a twist. Remember those hundreds of thousands of mercenaries American companies shipped of to Iraq to do some of the dirtier work? Well it seems it was AIG who "had their back", so to speak. And now that they are back home, claiming compensation for injuries sustained in the field, the company is seemingly holding out. [ abc ] One must have trodden a fair way down a dark path before the issue of insurance cover for mercenaries should become a concern for taxpayers. Yet this is one of the dead ends America has reached thanks to Donald Rumsfeld's grand plan to shift the concept of war from conscripts in a just cause, to contractors for a profit centre. Keep on digging and we might discover that Rummy contracted AIG to insure America's moral compass as well somewhere along the line ... Now would you call that a "known unknown"? - ed |
BACK IN THE GDR
East Germany, close and personal, a photo essay by Karlheinz Jardner [ Spiegel ]
| Simon Says: #1,
The Drug War "We don't have the stomach (to win it) ... We would have to ask ourselves a lot of hard questions. The people most affected by this are black and brown and poor. It's the abandoned inner cores of our urban areas. And economically we don't need those people. The American economy doesn't need them. So, as long as they stay in their ghettos, and they only kill each other, we're willing to pay a police presence to keep them out of our America. And to let them fight over scraps, which is what the drug war, effectively, is ... I think we're going to follow market-based logic, right to the bitter end." [ The Wire's David Simon talks to Bill Moyers [ Video PBS ] |
+ Israel "days from an attack" on Iran [ Times ]
+ The Fatwa pick 'n mix [ Foreign Policy ]
+ The CIA's cunning spyware: Catching hackers and fraudsters online? [ Wired ]
| TORTURE
MEMOS: CREDIT WHERE IT'S DUE "In the United States, what Obama did yesterday is simply not done. American Presidents do not disseminate to the world documents which narrate in vivid, elaborate detail the dirty, illegal deeds done by the CIA, especially not when the actions are very recent, were approved and ordered by the President of the United States, and the CIA is aggressively demanding that the documents remain concealed and claiming that their release will harm national security. When is the last time a President did that?" [ Glenn Greenwald ] |
| THE
BRITS IN IRAQ: A LEGACY IN TATTERS "For many states at the UN, where I spend a lot of time, there remains shock at the UK's behaviour. Before the war, many looked to Britain for some kind of orientation on what is the right and legal approach to an issue. No one believes that the UK genuinely thought there was a threat from Iraq. Instead, they still question why - really - Britain undertook an unnecessary war. The US reputation has to some extent been cleansed by Obama's election; for the UK it is not so easy since both main parties supported the war." [ UK diplomat ] |
| Simon Says: #2,
The Press "The guys who are running newspapers, over the last 20 or 30 years, have to be singular in the manner in which they destroyed their own industry. It -- it's even more profound than Detroit making Chevy Vegas and Pacers and Gremlins and believing that no self-respecting American would buy a Japanese car in 1973. The Internet, while it's great for commentary and froth doesn't do very much first generation reporting at all. And it can't sustain that. The economic model can't sustain that kind of reporting. And to lose to that, because you didn't-- they had contempt for their own product, these people. I mean, how do you give it away for free? You know, but for 20 years, they looked upon the copy as being the stuff that went around the ads." [ The Wire's David Simon talks to Bill Moyers [ Video PBS ] |
17|04
--------------------------------------------------------------------------------------------------------------------
SOMALIA'S HUMAN TIDE
Every day more Somalis join the 267,000 who shelter in the
world's largest refugee facility, in Daadab, Northern Kenya [ Independent ]
| "HOPE
HAS NEVER TRICKLED DOWN. IT HAS ALWAYS SPRUNG UP" If the superfan culture that brought Obama to power is going to transform itself into an independent political movement, one fierce enough to produce programs capable of meeting the current crises, we are all going to have to stop hoping and start demanding. [ Naomi Klein ] + Obama releases torture memos [ Glenn Greenwald ] & Spains AG offers new hope to "Bush 6" + Robert Fisk "minces his words" again ... "How can you trust the cowardly BBC?" [ independent ] + ANC romps to victory despite signs of realignment ... and Zuma sues the Guardian + Spam ... deadly to the environment too [ slashdot ] THE BIGGEST ELECTIONS IN THE WORLD  India goes to vote [ guardian ] "Though the fourth estate may not have a formal constitutional role, its task is real. Journalists are to there to “speak truth unto power”, not trade favours for tittle tattle, not report spin as truth. From the start of this era of spin the lobby pack have been willing accomplices. It is hard to name journalists who can hold their heads high." [ Guido Fawkes | interview ] THE BRITS IN IRAQ: ILL EQUIPPED, POORLY TRAINED, MIRED IN A BLOODY MESS The British are now preparing to leave ending one of the most traumatic operations their army has endured since the second world war and their most controversial operation since the Suez crisis 43 years ago ... The last six years has tested their capability - and bravery - to the limit ... Their presence there exposed, as Afghanistan does now, how thinly spread the army had become and the shortage of key trades such as communications and intelligence specialists, how short of vital equipment, notably helicopters, and the bitterness among many forces families about the government's failure to honour the "military covenant" which they rely on. [ Guardian | interactive ] "Britain's image and reputation emerged OK. But it's easy to look OK if the person next to you is an idiot." [ Mamoun Fandy, Institute for Strategic Studies ] + ONE TO WATCH: Military robots and the future of war, PW Singer [ TED ] + The limits of "misfit" profiling and the other lessons of Columbine [ Dave Cullen ] + Struggling countries: Do these five leaders deserve the sack? [ Foreign Policy ] THE WORLD ACCORDING TO SARKO ... The US President is weak, the Spanish leader is dim, the German Chancellor is clinging on to France’s coat-tails and the head of the European Commission is irrelevant ... That, at any rate, is the world according to French President Nicolas Sarkozy[ times ] |
--------------------------------------------------------------------------------------------------------------------
HAPPY EASTER!
11|04
--------------------------------------------------------------------------------------------------------------------
| Mad About Michelle There's something depressing about the joy and relief with which the high-end media have greeted Michelle's makeover from accomplished professional and outspoken social critic to new-traditionalist homebody. They're not only not ready for Hillary Clinton, they're apparently not even ready for Eleanor Roosevelt. [ Katha Pollitt ] |
+ Foreign Policy, Globalisation, War ... what are the wonks reading? [ Foreign Policy ]
+ We Are Neither Obstinate nor Gullible, says Ahmadinejad [ Spiegel ]
ONE TO WATCH: Howard Zinn on Class in America [ YouTube ]
+ 10 reasons managers become great [ scottberkun.com ]
+ How to look at billboards [ tip Kottke ]
LITTLE BROTHER IS WATCHING TOO
When
London's mobile CCTV cameras were shut down by a legal ruling
two days before the G20 protests in London, conspiracy theorists
suggested that the blackout had been contrived so that the police
could be let off the reins. Without CCTV, there would be no record
of official wrongdoing. It was a neat theory, but naively old-fashioned
in its assumption that the state had a monopoly on surveillance.
The emergence of amateur video showing Ian Tomlinson, the man
who had a heart attack on the day of the protests, being pushed
to the ground by a police officer soon before he died. It clearly
demonstrates that for every camera pointed at you by Big Brother,
there are 10 more pointed back by Little Brother — an informed,
digitally savvy civilian population that has the tools to record
anything, anytime, anywhere. [ Wired
] |
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