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Many of the areas hit by the storm had also been hit by Irene. In New Jersey’s Hamilton Township, Tom Jacobsen also recalled heavy spring flooding and a particularly heavy winter before that.

“I’m starting to think we really ticked off Mother Nature somehow, because we’ve been getting spanked by her for about a year now,” he said while grabbing some coffee at a convenience store…..



She won’t change… That is essentially it. The darling of the Tea Party after the Democratic landslide, she kept her voice.

It is one thing to say outrageous things when you are trying desperately to keep a fire alive. It is another, to say outrageous things, when you are running for the most powerful position on the planet…..

The resignations that are coming at a quick pace now, are only cascading now because when they were first raised, she dismissed them. They couldn’t do that to her; it didn’t fit into her plan.

It is highly likely that her campaign is finished. Just today’s shots of her, show her disoriented, slightly unkempt, almost like she’d just come down off Xanex…

Not what I’d want running the country during a crises….

There is a reason she has no funding.

Her website has no meat, only fluff. Her one on ones are devoted to her insistence that Barack Obama be a one term president. .. When you ask her what she’d do, she repeats all of Dick Cheney’s lines from 2000…. Reminds me of Wendell Wilkie running against Roosevelt.

Those lines are old. Those lines are not working. Those lines are in today’s world, more unbelievable than they were in 2000. Those lines fooled us in 2000. They hopefully fool no one eleven years later…

She had one option to turn it around. She lacked the breadth to see herself in a historical light, and turned down that one chance…

That chance was to capture that silent majority of the American Republican Party… but dissing the extremists who once were her most strident supporters… They’ve left, not because she’s not conservative enough… but because other candidates are making more sense…

When all America is hurting, and we are losing government jobs more than the private economy is creating them… to argue to triple the number of people put out of work, is if not insane, at least in bad taste…

How can she change her luck? By being the first Republican candidate to accept the notion that we must increase revenue. That means raise taxes. Every Republican not running, knows we need to raise taxes. It just is. It is obvious. It is necessary, and it probably won’t hurt, it could even help the economy. We need to raise taxes…

When this was explained to her, by some of her innermost supporters, it was obvious she had no intention of running to win. It is obvious she was doing this for herself, and a handful of benefactors to whom she was bonded with bounds tighter than reality….

As word of this got out, all smart staffers began shuffling off the shift….

Including this one. Figuring on her mid-western common sense winning the day, I had predicted a comeback. Turns out, after seeing things up close, it is a one man operation that has no chance at success…

Which is sad. Her position on the intelligence committee, and the finance committee, would have been a wonderful springboard to bring American values to the forefront, and disassociate herself from the crap that both major parties carry with them…

There are millions looking for a rational alternative to the current President. The Republican who accepts that the wealthy must be taxed more, is the one, who would walk away with the nomination…

It is not corporations or think tanks or radio hosts, or Fox News that votes.. It is Americans.

Her ship is now dead in the water with no sails; pretty soon, her ammunition will dry up too….

And on Thursday, she had the world placed in her hand, and she shoo’d it away.

As I’ve written, and read, it appears very hard to discuss this Great Divide that has occurred between the 1% and the 99% …. without sounding shrill or hateful… by either side…

Murdoch’s publications probably just like me, think they are presenting facts. But in the way they do so, it seems like all the scripts for their showy, sexy voiceboxes, are being written by little warped, frustrated old men….. And there have been times when I’ve just simply stating facts, and then upon the final edit, caught a vague feeling that a caustic tone had crept unawares into the body of my work….

One sees the same reading comments on Delaware Liberal,…. and Delaware Politics…. on the Daily Kos, and on all the major media news stories.. at the bottom….

Each time one senses a restraint is trying to be upheld by the individual authors, but that the issue itself burns through it…

Somewhere, somehow, someway… all of us have come to the conclusion that argument is a contest like muscling the ball across 100 yards… The louder we shout, or the crazier we sound, the more hits we get…

And that last statement may be true…

Sadly that means there can be no end; the crescendo escalates as the metronome marks each passing measure….

And it’s not just politics. It’s our life…

This is probably no exaggeration to say that over the past 24 hours, I have seen San Fransisco’s coach decapitate the opposing coach of that game probably over 100 times… . Well, 🙂 …. with all the coverage, outrage, animosity, and discussion, one would think it would rank as something on that level, n’est pas? (Seriously, I don’t think the actual one that occurred during the Iraqi Occupation, received as much commentary and commotion. IT… should have…)

So why is there no balance to truth these days? Why is everything being investigated as if it were a lie? Why is everyone so ungrounded in their values? Why is everyone reacting with ferocity instead of humor? With bombasticity instead of clever congeniality?

I think it has to do with the economy. Everything is getting stretched too thin, and is being held up by slights of hands, and not solid economics… Families are tense, finding themselves on the edge of losing everything. Banks are tense, hoping no one looks too closely to understand that they too are also on the edge of losing everything. Republicans are tense; their politics are about to be exposed as a sham and bluster, is the only weapon they have that can throw their opponents off before ever having their fraud be discovered. Just looking at the ads repeated across yesterday’s games. .. Not one ad attempted to persuade me to buy of anything. All, were demanding, almost yelling at me, that I’d better buy their product and not buy anything else. Television audiences are eyeing this years great selections of new computer games: probably because on screen, they seem more real than the world we’re actually live in…

Those who study Europe of 100 years ago… will recognize these same patterns. From art, music, and theater, came the sense of the unreal that was pervasively permeating their lives. That unreal grew 1911,1912,1914,1915,1916, … until the guns fell silent, on the eleventh hour, of the eleventh day, of the eleventh month of 1917…. Then true reality set in… 10 million of Europe’s sons, lay dead, eliminated by the war; 20 million more died of starvation, and disease, that were caused by it.

And as it ended, each nation’s boundaries were remained pretty much the same….. Except for Austria-Hungary, nothing changed. Thirty million people perished … for what reason?

Because everyone was tired (bored) of all the posturing and jabbering, and decided to fight it out as something different, to finally settle the matter… Any party could have walked away,… and it would never have happened… Instead it was like a Pre-Super Bowl week with all the hype bantering back and forth from team to team… by day five it’s already too much but it continues: there are still 2 days to go… By Sunday, everyone is sick of it, and just wants it to be over. But when it died down near the end of 1917, instead of a Lombardi trophy, we had the decimation of Europe……

We are there again now…. But this time it “ain’t” Europe.

So how do we fix it. What measures can we take?

One solution: don’t do what they did 100 years ago. Back then,autocrats handled the debacle.

It appears that only a “people’s movement” can restore rationality, calmness, thoughtfulness, back into our lives… something that DIDN’T happen in Europe. Their political system simply didn’t have that option; as they weren’t designed for that.

Through the labor movement, and through Teddy Roosevelt, that populist movement and subsequent calming effect, did happen in the United States.

Ways and Means…

Boycott every advertiser on Fox.. All television companies are corporate entities, but boycotts only work where one entity suffers, and the other three profit handsomely at their expense. Boycott everything advertised on the Fox network, and spread the word as to why you are doing it… “You want your country back.”

Threaten bankruptcy each and every time someone tries to collect a past due payment. “Sorry, I simply don’t have the money. We’re probably going to declare bankruptcy soon.. so if you call us again, it had better be with a ridiculously low offer.. like 5% of what we owe to wipe the debt out entirely.”

Seriously the idea of moving your money out of Bank America is a good one. Again, for this to work, one entity has to suffer while the other three prosper. If all giants suffer, no giants budge, because they are not losing ground to their competitors in that sort of environment. But if Bank of America folds, and the other three giants grow, then we will never again see a $5 increase in our swipe fees….

Use Facebook to organize a global attempt to shift all money out of Murdoch’s empire on the same day, say 11/11/11.. Everyone targets that just that one company. Again for it to work, one company must fail, while the others all prosper…

Have a National Holiday From Work Day. If 90% of Americans simply don’t show up for work to say, protest Congress’s incompetence. “Cough, cough… Uh, She-Boss-man, I’m a little under the weather… cough, cough… Been up all night; didn’t get a lick of sleep; just got done throwing up and then it came out that “other” end way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way, way,… too fast… ” (damn tequila!) …

Find a friend, neighbor, and go occupy something cool that close by…

Oh for heaven’s sakes; come on now… Just because you can’t always get your way, you threaten to shut the government down..
You, Eric Cantor, are acting like a little boy, throwing a tantrum because your parents won’t buy you a Popsicle from the Ice Cream Man!

Eric Cantor’s thought process: “Oh, it looks like I won’t get ice cream today. They are saying no, they gave me some yesterday. I’ll have to ratchet this up a bit…. W H A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A !

Would someone shut that kid up?

First they were going to shut it down over last years already-voted-for budget. Then they were going to shut it down for this years budget. Then they were going to shut it down for this years debt ceiling raise. And now they are going to shut it down for what…. Irene disaster relief?

What is this? Is this nation really run by this Republican fool? How does one threaten to shut down a government over giving out disaster relief?

There already is a bill passed by the Senate that just needs a voice vote in the House, to start that $6.9 billion relief flowing to those areas hard hit by Irene..

It’s this simple: “Mr. Speaker! I ask that we vote on this measure immediately…. ” Ok, All in favor say “Aye” … “AYE”… All opposed: (silence) … “The measure is passed.”

But no… Mr. Eric Cantor wants his bill passed… One that has his ice cream in it… He wants to deduct that $6.9 billion from investment in renewable energy. Which means he wants to reward oil companies by raising your cost at the pump to $5.00 a gallon, and if you let him, only then, will he send your disaster relief for the tragedy that happened four weeks ago.

He thinks he has you over a barrel. Someone needs to take that spoiled little kid, put him outside the car in some remote wilderness location, drive away, and let him bawl all he wants…….

I’m printing this article in full: tell me, where in America can you find journalism this “fair and balanced”?

Another crisis in the horizon?

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Winarno Zain, Jakarta | Tue, 07/19/2011 7:00 AM A | A | A |

It seems the world economy has faced endless threats preventing it from sailing smoothly into a strong recovery this year.

First there was the Greek debt crisis that jolted several major banks, and then a political uprising in the Middle East that pushed up oil prices, and then a tsunami in Japan that disrupted manufacturing activities in many countries.

The world economy has not fully dusted off the adverse impacts of these three events. Yet another headwind is looming large on the horizon. This time it is the possible default of the US government of its debt on Aug. 2, if the US Congress fails to approve an increase to its debt ceiling as requested by President Barack Obama. By that date, the US government debt would have reached its maximum allocated limit of US$14.3 trillion.

The current negotiation between representatives of Democratic and Republican parties on the US budget deficit has run into a deadlock, and so the possibility is real that there won’t be any substantial agreements reached, since the dateline is nearing. Major rating agencies such as Standard and Poor, and Moody’s have warned they are ready to downgrade the US government debt rating from top grade AAA.

This would be the first time in 90 years that the US government debt has been downgraded.

It is not hard to imagine what will happen if by Aug. 2 the US government has exhausted its credit ceiling and can not get additional debt to pay for its spending needs.

The US government would have to curb its spending, and because some of these relate to payments to government employees, pensioners and other social benefits, this would strike a severe blow to the consumer spending that is so essential to the US economic recovery.

With debt default and credit rating downgrades, it would be difficult for the US government to get loans. Faced with increasing risk, investors would ask for higher returns for US government bonds. This would push interest rate higher, further depressing the economic recovery.

The US dollar would plunge, triggering a surge in commodity prices and another round of inflation around the world. A deadly combination of inflation and economic stagnation could spin the world economy into a tailspin as happened in the early 1970’s.

How would this worst case scenario affect the Indonesian economy? As capital flows out of the US, investors have tended to seek safe havens elsewhere. Commodities, especially gold and oil, would be their first targets. Emerging markets could be the next destination of this capital flight, depending on the assessment of investors on the strength of its economy and their vulnerability and exposure to the US economic fallout.

But financial crises always result in a loss of confidence and produce negative sentiments in the financial markets. They put financial markets into disarray, and as investors panic, capital starts flowing out of emerging economies.

During the global financial crisis in 2008-2009, capital moved out from emerging economies back to the advanced economies. At that time, the US government bonds and commodities like gold were considered safe havens.

If the US government defaults on its debt payment this time, the question is will the situation change? Will the US government bonds still be considered a safe haven for investors? If not, then where else will they put their money? Or maybe they would prefer to keep their money in the same place and not move it anywhere. If so, the Indonesian economy could get some benefit and may not have to face another shock.

In the longer term, however, the situation may change. No country is immune to the negative ripples of a US economic crisis. As US imports plunge from weakening domestic demand, exports from emerging countries will also suffer. The extent to which these negative impacts affect each country will depend on their trading and banking exposure to the US economy.

What is disturbing about this debt talk is the use of this debate as a political game. This is especially apparent in the Republican stance.

Economist, market analyst and CEOs of financial institutions and even the IMF itself have warned that if Congress fails to raise the ceiling of the US government debt, the world economy would slip into deep recession.

The Republicans did not fully accept Obama’s proposal to raise the debt ceiling. They only agree on a smaller number, but even it was given with some conditions. The Republicans asked Obama not to raise taxes, especially for the wealthy, and Obama should cut social spending, a sacred cow for the Democrats.

By using tit for tat tactics in the negotiation and by seemingly ignoring the impending consequences and dangers, the Republicans were trying to push Obama into an intricate political dilemma.

If the US economy slip into another crisis, economic contraction would be inevitable. Corporate bankruptcies would spread, and jobless rate would surge.

A presidential election is still slightly more than one year away, and Obama’s reelection prospects are solid. But his popularity rating is highly dependent on the unemployment rate. That is why the Republicans think the only way for them to erode Obama’s popularity now is by pushing the US economy into crisis.

As the stakes are high, the two political parties should temporarily set aside their ideologies and adopt a pragmatic stance for the interests of saving the world economy from another catastrophe.

President Obama demonstrated his willingness to compromise his political ideology during the global financial crisis of 2008-2009. Being a Democrat, Obama’s political inclination is generally anti-big business.

Obama realized that it was reckless lending by some big banks on Wall Street that triggered the financial crisis. But he also realized that saving these banks from bankruptcy was key to saving the world economy from further disaster.

His decision to pour $800 billion of taxpayer’s money to bail out these banks was hard to swallow by his fellow party members, but it worked. Now it is expected that the Republicans will be willing to do likewise.

The writer is an economist.

The global markets lost 1% today… Actually that is pretty good. The losses stemmed over the fact that Republicans won’t allow new revenue to enhance our failing budget…….

Like George Washington, they want to apply more leeches (tax cuts) which eventually will bleed the father of our country dry, and kill him dead.

There are great ideas to get around the impasse……

One was so close last week in which Obama and Boehner had come almost to a 4$ Trillion Deal… It was so, so close. Boehner was about to become the Alexander Hamilton of the 21st Century: Historians would forever know him as the man who brought America back from economic ruin…….

But Boehner’s owner, jerked hard on his leash… cracking Boehner’s trachea. He then spun Boehner to the ground, and applied zip strips to his wrists and ankles. He then tazed Boehner repeatedly. For the first time in his life, Boehner did not cry. He was then strapped to a board, tilted backwards into a tank of water, and held for 45 seconds, over 111 times. He was then blindfolded and pummelled with cans of Pepsi, embedded in old cotton socks, leaving no evidence. He then poked with a tube, in his (you know where) and the other end was attached to a fire hydrant.

The next morning, Boehner said the deal was off; he refused to return Obama’s calls.

Leaks from those working for his owners, tell us the taxes on the wealthy 1% were the sole reason Boehner was given “the treatment”… It’s a damn shame; for a package of $3 trillion in cuts, (yes, includes modifications to SS and Medicare) and a Trillion in tax increases on the top 1%… would shake the dynamics of our economy.

It would spur investment here in America.
It would therefore create jobs.
It would stop the uncertainty where America was financially headed.
It would prevent the immediate loss to our economy of $4 billion a day.
It would reduce the deficit over time, and save money spent paying interest, which could then be used for services.
It would be the proper step at this time in the direction we need to go.

But, if the US defaults on its debt, nothing in the financial markets is sacred, and when nothing is sacred, that… causes panics…

And a panic in 1929… caused the Great Depression. A panic in 2008, caused the mess we’re in right now.

The world’s managed wealth is $122 trillion… A one percent drop.. is $1.2 trillion. That is the amount, that one half, of one third our government,… cost the world today.

They are kids, playing with a live junction box… Sticking a screwdriver in the wrong hole, burns down the entire house……

(At $50,000 a job, today’s loss is the financial equivalent of putting 24 million human beings out of work)

This past week, while most of us were bitching about the heat and humidity, in a poorly air conditioned room, papers were filed that could, take Fox News off the air indefinitely…

Shareholders on Friday amended a prior complaint (PDF) in Delaware Chancery Court against News of the World parent News Corp. to allege “rampant nepotism” and massive failures of corporate governance. Filed by Grant & Eisenhofer and Bernstein Litowitz Berger & Grossmann, the shareholder derivative and class action suit seeks to block media mogul Rupert Murdoch’s daughter, Elisabeth Murdoch, from taking a seat on the board, as well as to stop the family from allegedly treating the company as a family “candy jar.”

Major investors previously had filed this objection over Murdoch spending money to to buy back his daughter’s company put her on the board, all with a price tag of $615 million.

Ignoring the distinction between the business of a public corporation and a family business, the Board has repeatedly permitted Murdoch to: (i) intertwine rampant nepotism in the conduct of Company business; (ii) undertake actions designed to maintain his control over News Corp; (iii) use News Corp resources for his own personal and political objectives; and (iv) reward himself handsomely with excessive compensation.

On July 8, 2011, an additional amendment was added, based on the news emanating from the disclosures that a Murdoch paper had hacked private communications to obtain news….

These new filings provide a very damning character assessment of Murdoch, as well as call into question his financial dealings..

Speaking of character assessment, there are rumblings that these actions in Britain violate the Corrupt Foreign Practices Act over here.

The News of the World was accused of making payoffs to police in exchange for information — a possible violation of the anti-bribery provisions of the act.

By shutting the paper Murdoch may be hoping to prevent any possible U.S. prosecution under the act, and also keep prosecutors from investigating whether the corrupt practices were used at some of Murdoch’s other newspapers.

the scandal could potentially cost News Corp. its broadcasting licenses in the United States, This Week panelists said on the ABC News show.

The Federal Communications Commission has a “character” clause with which broadcasters must comply. One that is so extreme it threatened to derail the Comcast takeover of NBC, because someone said when they had installed cable, Comcast has hurt his building, and didn’t pay him for it… That’s laughable and impacted American business. There is nothing laughable about hacking into a missing 13 year olds phone. That is bad character.

Some of these stations, under the FCC character guidelines, could go off the air…..

WHEREFORE, Plaintiffs pray for judgment as follows:
a. for an order declaring that the Defendants breached their fiduciary duties to the Company;
b. for an order awarding damages, together with pre- and post-judgment interest to the Company;
c. finding that Individual Defendants will breach their fiduciary duties to the Class by agreeing to expand the News Corp. Board of Directors and appoint Elisabeth Murdoch to the created vacancy;
d. for Plaintiffs’ costs and expenses incurred in this action, including, but not limited to, experts’ and attorneys’ fees; and
e. for such other and further relief as may be just and proper.

And Murdoch may be used to getting his way elsewhere… He hasn’t stepped inside a Delaware Chancery Court before…

12. This Court has jurisdiction over this action pursuant to 10 Del. C. § 341.
13. As directors of a Delaware corporation, the Individual Defendants have consented to the jurisdiction of this Court pursuant to 10 Del. C. § 3114.
14. This Court has jurisdiction over News Corp pursuant to 10 Del. C. § 3111.

Murdoch has to show, because under Delaware Law:

“If such defendant corporation does appear (in court when summoned), the action shall proceed as in other cases, and if it fails to appear (in court when summoned), the plaintiff shall have judgment by default, service of the process being first proved