Archive for January 31, 2011
Anthony Weiner was on “The Last Word” tonight talking about the ruling that came down today overturning “Obamacare,” including the part of the bill known as the “public mandate,” which states that people who don’t purchase health insurance will be fined.
Wingers, cheer all you want but think about this for a sec: You’re driving your car on an icy road tonight and a slacker slides into you. You both get out of your car and the slackerass guy says he doesn’t have insurance.
Fast forward three months and your insurance company says oops, sorry bud. You pay. The other guy doesn’t have any money.
You’d call that a**hole a freeloader, right? You’d be pissed. He got off scot-free and he didn’t pay a dime but the cost of what he did is spread amongst everyone in your insurance pool. You pay for what happened as does the next guy and the next guy and the next guy who got hit by someone who didn’t have insurance.
Well, that would be you if you don’t buy health insurance.
We all pay and if you don’t, you’re a freeloader, mooching off those of us who — as you love to say — take responsibility, pay their bills and “do the right thing.”
We peasants can only look in from the outside and try to imagine what this must be like:
Goldman Sachs Group tripled Chief Executive Lloyd Blankfein’s base salary and awarded him $12.6 million (7.9 million pounds) of stock, even after the bank’s net income plunged last year.
Blankfein is receiving base pay of $2 million effective Jan 1, up from $600,000, he company said in a filing.
The shares awarded to Blankfein amount to a 42 percent increase from the all-stock bonus he received for 2009, and are the latest sign that U.S. banks are moving away from some of the austerities imposed by the financial crisis.
Legislators, regulators, and others pressed banks to reduce bonuses for 2009, soon after the financial system was rescued by more than a trillion dollars of support from the U.S. government. Many critics complained that banks privatise their profits and socialize their losses. Big bonuses paid for 2009 would have intensified public outrage.
Blankfein’s 2009 bonus was worth $8.9 million when awarded in February 2010, far below the $67.9 million that he received for 2007.
Public outrage over Wall Street pay seems to be receding, and bonuses for the top executives for 2010 are likely to head higher, analysts have said.
Citigroup Inc. Chief Executive Vikram Pandit, who had pledged to take a $1 salary until the bank returned to sustained profitability, last week got a $1,749,999 raise just days after the bank reported its first full-year profit since 2007.
Unimaginable amounts of money.
Ray Rockefeller (D-WV) has visions of campaign contributions from the coal industry dancing in his head:
Sen. Jay Rockefeller (D-W.Va.) introduced his bill to delay by two years the Environmental Protection Agency’s authority to regulate greenhouse gas emissions Monday.
“We must give Congress enough time to consider a comprehensive energy bill to develop the clean coal technologies we need and reduce our dependence on foreign oil, protect West Virginia and improve our environment,” Rockefeller said in a statement. “We can address emissions and secure a future for the U.S. coal industry, but we need the time to get it right and to move clean coal technology forward.”
If an extension is granted “we” will diddle and come the end of the two years, the coal industry will say oh, wait, we need another two years.
(This used to be a forest-covered mountaintop where birds and animals lived and people walked and enjoyed fresh air and fall colors. Jay Rockefeller sold that mountain to the coal industry for campaign cash and he’s doing the same thing with this EPA extension.)
People go to hell for this kind of thing.
This, from Google, is wonderful:
Like many people we’ve been glued to the news unfolding in Egypt and thinking of what we could do to help people on the ground. Over the weekend we came up with the idea of a speak-to-tweet service—the ability for anyone to tweet using just a voice connection.
We worked with a small team of engineers from Twitter, Google and SayNow, a company we acquired last week, to make this idea a reality. It’s already live and anyone can tweet by simply leaving a voicemail on one of these international phone numbers (+16504194196 or +390662207294 or +97316199855) and the service will instantly tweet the message using the hashtag #egypt. No Internet connection is required. People can listen to the messages by dialing the same phone numbers or going to twitter.com/speak2tweet.
We hope that this will go some way to helping people in Egypt stay connected at this very difficult time. Our thoughts are with everyone there.
2220: Noor Group “started disappearing from the internet” at about 2046 GMT, according to US-based firm Renesys. Egypt’s four main internet service providers cut off access to their customers on Thursday.
2214: Egypt’s last working internet service provider, Noor Group, is now down, according to a US web monitoring organisation.
I’m feeling some trepidation about tomorrow’s “million man march.“
This. Is. Incredible. Pencil lead turned into teeny tiny sculptures:
Wow. Just wow.
Look at the detail on that shoe.
More info and amazing photos here.
Beware if you send a tweet to John Boehner, especially if you’re a reporter. Looks like he and his staff think it’s just fine, thank you very much, to change incoming tweets and send them back out after they’ve been modified to fit the GOP’s agenda:
Nope. No shame in that.
Okay righties — time for your faux “activist judge!” outrage. What! What? You only jump up and down about that when a judge issues a decision you don’t like?
A federal judge on Monday ruled that the entire health care overhaul is unconstitutional, but he stopped short of ordering the federal government to stop implementing it.
Judge Roger Vinson ruled that Congress overstepped its legal bounds when it included the provision requiring nearly all Americans to buy insurance. Because the provision is key to the rest of the law, he declared the whole thing unconstitutional.
Seriously, read about the “new frontiers in partisan judging” evidenced by this decision here.
This is so cool:
The Egyptian army has said it will not use force against protestors who have taken to the streets to demand the resignation of President Hosni Mubarak – the first such statement by the institution widely seen as the power broker in Egypt.
From Gunshow Undercover:
Two weeks after the tragic shootings in Tucson, undercover investigators went to a gun show in Phoenix, Arizona and purchased guns — no background check, no questions asked.
(H/t Liz G.)
Crude oil pushed past $100.00 a barrel today, “for the first time in more than two years, with continued turmoil in Egypt pushing the benchmark contract past the key threshold” (of $100.00).
At almost the exact same time, Fox News sent out the tweet pictured in the post below, asking its audience if the US should take military action to protect the Suez Canal.
See what’s happening here? Back in early January, even before Egypt erupted, gas prices were expected to spike come the early summer. If turmoil continues in the Arab peninsula through the spring, prices will likely spike more than expected. And, come that time, the meme on Fox won’t be that gas prices were expected to go up anyway. The meme Fox is setting up is that Americans are suffering high gas prices because Obama didn’t “take military action” to protect the Suez Canal.
That’s my bet anyway.
It riles them to believe that you perceive the web they weave.
Just got this tweet from Fox:
Typical insane wingers. They don’t want to spend a dime to ween us off of oil but they have no qualms about bombing a foreign country and getting involved in a third war that would cost billions in order to protect our oil supply. Yes sir. Love that forward thinking.
We’re hearing a lot about income inequality and the high price of goods mixed in with the coverage of what’s going on in Egypt. What we’re not hearing is that the divide between the rich and poor is actually worse in the United States than it is in Egypt:
As Yasser El-Shimy, former diplomatic attaché at the Egyptian Ministry of Foreign Affairs, wrote in Foreign Policy, “income inequality has reached levels not before seen in Egypt’s modern history.” But Egypt still bests quite a few countries when it comes to income inequality, including the United States.
According to the CIA World Fact Book, the U.S. is ranked as the 42nd most unequal country in the world, with a Gini Coefficient of 45.
– Tunisia is ranked the 62nd most unequal country, with a Gini Coefficient of 40.
– Yemen is ranked 76th most unequal, with a Gini Coefficient of 37.7.
– And Egypt is ranked as the 90th most unequal country, with a Gini Coefficient of around 34.4.
The Gini coefficient is used to measure inequality: the lower a country’s score, the more equal it is. Obviously, there are many things about the U.S. economy that make it far preferable to that in Egypt, including lower poverty rates, higher incomes, significantly better infrastructure, and a much higher standard of living overall. But income inequality in the U.S. is the worst it has been since the 1920′s, which is a real problem.
Currently, the top one percent of households make nearly 25 percent of the total income in the country, after they made less than 10 percent in the 1970′s. Between 1980 and 2005, “more than 80 percent of total increase in Americans’ income went to the top 1 percent.”
Oh, and by the way, that top 1 percent is the crowd the GOP was fighting for when it insisted on an extension of the Bush tax cuts.
So, explain it to me again. How does a 21-year-old who became a single mother at age 18, demand a $20,000 fee to give a talk about abstinence? I mean, obviously a person is free to set whatever fee they want, but what makes grown-ups take a $20,000 fee seriously?
Bristol Palin has landed herself in the news again, this time for the “furor” that was stirred up among Washington University students when the school agreed to spend an outlandish $20,000 for Palin to give a pro-abstinence speech at the university. The appearance, which was to occur next month as part of Wash U’s Student Sexual Responsibility Week, has now been called off, with school officials saying “that the message that they intended on sharing would be overshadowed by controversy.”
A Facebook petition launched by Wash U’s College Democrats group to protest Palin’s exorbitant speaker’s fee and “lack of expertise” (indeed, her track record with abstinence isn’t so great) garnered at least 800 participants. The university claims the decision to cancel Palin’s appearance was “100% mutual,” according to the St. Louis Post-Dispatch.
What a racket. What more can Palin say other than hey, look at me. I didn’t practice abstinence, now I have a kid. I should have listened to my mom?
That, for $20,000?