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marmar

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Gender: Male
Member since: Fri Oct 29, 2004, 12:18 AM
Number of posts: 70,053

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Lincoln Tunnel Bus Crash May Have Hurt More Than 12: NBC News


(Not much info, but here's the link)

http://www.bloomberg.com/news/articles/2015-06-10/lincoln-tunnel-bus-crash-may-have-hurt-more-than-12-nbc-news


Two buses collided in Manhattan-bound Lincoln Tunnel just before 10 a.m., according to NBC News.

Story developing...


The Only Solution to Climate Change — Outlaw Fossil Fuel Production


By Gaius Publius, a professional writer living on the West Coast of the United States and frequent contributor to DownWithTyranny, digby, Truthout, Americablog, and Naked Capitalism. Follow him on Twitter @Gaius_Publius, Tumblr and Facebook. This piece first appeared at Down With Tyranny.

I once had the opportunity to speak one-on-one with one of our leading progressive politicians, someone who is on the right side of everything I care about, including climate change. As we were discussing solutions to the climate problem, I mentioned the carbon industry and said, “You realize, fixing the climate crisis means we have to kill the carbon industry, right?”

She (or he) stopped, thought, then said (paraphrasing): “Huh. You know, I think you’re right.”

Why do I bring this up? Because this person, who’s right about everything I want her (or him) to be right about, hadn’t thought through the climate problem to the obvious solution. If you don’t want it burned, you can’t dig it up. That means, we have to kill the industry. There’s just no other choice.

The problem we seem to be facing is this: The industry gets that, and they’re fighting back. But most people who care about climate don’t. So we’re stuck, year after year, with more of this:



Do We Really Have to Impoverish the Whole Industry?

Yes. If we don’t make them poor — or make them switch to a completely different business — they’ll make us extinct, or at least hunter-gatherers again, with only the odd pocket of “civilized” (agricultural, settled) humans in the odd, eco-friendly location left to show for everything we’ve done with our time on earth. ....................(more)

http://www.nakedcapitalism.com/2015/06/gaius-publius-the-only-solution-to-climate-change-outlaw-fossil-fuel-production.html




Bill Black: Geithner’s Ghost Writer and the Parable of the River of Risk


Geithner’s Ghost Writer and the Parable of the River of Risk
Posted on June 10, 2015

By William K. Black
Quito: June 9, 2015


Michael Grunwald has written a column attacking Senator Bernie Sanders. It is entitled “Don’t break up the megabanks.” As Grunwald appropriately discloses, he is Timothy Geithner’s ghost writer and a fervent co-religionist of Geithner’s gospel of adoration of and devoted service to the world’s most fraudulent bankers.

Grunwald gives the reader fair warning that he has no financial expertise and is prepared to say anything to try to defend the banksters and Geithner when he makes his first argument the claim that it is “un-American” to break up banks that pose a global systemic risk. To the contrary, few things could be more American if you are even remotely familiar with American views of megabanks from the founding of our Republic.

I will return to responding to Grunwald’s efforts to prove that Geithner was correct to protect the world’s largest and most criminal banks and banksters from effective regulation and prosecution in a subsequent column. First, however, I will write a series of columns on Grunwald’s heroic effort to convert Geithner (with Alan Greenspan and Bernanke) from one of the Nation’s three worst anti-regulators into a regulatory sage complete with a parable of the “river of risk.” Geithner infamously boasted that he was never a regulator in a rare foray into candor. But the new Geithner is reimagined by Grunwald as a regulatory guru. Grunwald’s effort at sycophancy is in another demonstration of our family rule that it is impossible to compete with unintentional self-parody. ......................(more)

http://neweconomicperspectives.org/2015/06/geithners-ghost-writer-and-the-parable-of-the-river-of-risk.html#more-9506




Disney Outsourcing (cartoon)





http://www.truthdig.com/cartoon/item/disney_outsourcing_20150609



JPMorgan Economist: Get Ready for the Economy to Produce Way Fewer Jobs in the Future


(Bloomberg) Some days, there are too many ideas: Emerging market currency convexity on a log chart, the "bond bear market," Italian GDP, or the latest fight about gold.

Then something comes along that pushes it all aside.

Michael Feroli, of JPMorgan economics has been way, way out in front of the story of a new structural slowdown for the U.S. Economy. He was even pre-New Mediocre, as Madame Lagarde and the IMF carried the JPMorgan caution over to the global economy.

On Surveillance today, he reitered his call for a sub-2% run-rate for America.

And then he dropped a bombshell.

Feroli suggests that without technological progress, America's demographics and subdued productivity will drive "normal" GDP growth even lower. And the pace of job creation in the coming years will fall to around 75,000. ................(more)

http://www.bloomberg.com/news/articles/2015-06-09/jpmorgan-economist-get-ready-for-the-economy-to-produce-way-fewer-jobs-in-the-future



TPP: Don Beyer (D-VA) Puts “Free Trade” Above National Sovereignty and Democracy


TPP: Don Beyer (D-VA) Puts “Free Trade” Above National Sovereignty and Democracy
Posted on June 6, 2015 by Joe Firestone


Recently, my wife, Bonnie, sent an e-mail to Don Beyer, our Democratic Representative in the Virginia 8th Congressional District to express her opinion opposing fast-track/TPP and to tell him that she wanted him to vote against it in Congress. In reply, she received a form e-mail which was non-responsive to hers, but also stated his support for all four trade bills and his talking points on the subject.

Congressman Beyer’s e-mail made her angry and she asked that since I’m the writer in the family, I write a reply from both of us for him. Since drafting this reply, I’ve learned that Don Beyer has announced his support for fast-track in a statement on his web site. Below is our reply to him, in talking point/response format, sometimes cast in the first person, for his consideration, and anyone else’s who is interested in “free trade” agreements.

Beyer supports the whole Administration trade package, including the Trade Promotion Authority (TPA), (fast-track) the Trans-Pacific Partnership (TPP), Trans-atlantic Trade and Investment Partnership (TTIP), and the Trade In Services Agreement (TISA)

Thank you for being in touch regarding the upcoming package of four critical trade bills. This is one of the most important issues facing this Congress, and I have met with many constituents and interest groups about it.

In the coming weeks, I expect to vote in support of this trade package, requested by President Obama and passed through the Senate with significant bipartisan majorities, including both of Virginia’s Democratic Senators. These bills, including Trade Promotion Authority (TPA), will establish historic multilateral negotiations with our international trade partners while securing important worker protections for American jobs and trade support to developing economies, critical to global poverty alleviation efforts.


I’m sorry, Congressman, but since the negotiating texts of the projected treaties are “secret” relative to members of the public like ourselves, unless they’ve been leaked by some brave, public-spirited souls, and are even very difficult for Congresspeople to see, read, understand, and evaluate, my wife and I cannot simply accept on your say-so that these trade agreements, will protect American workers against job losses, resulting in a net of new jobs for Americans at higher pay after they are implemented. In our view we elected you to represent us, not to think for us.

Also, even though my wife and I care a great deal about developing economies and global poverty alleviation efforts, we are far more concerned about the issues of economic development, inequality and poverty alleviation right here at home. In addition, we’d like to remind you that you represent the people in your Congressional District and owe your first loyalty to them and to the national interests of the United States, rather than to the objectives of facilitating developing economies and global poverty alleviation. .....................(more)

http://neweconomicperspectives.org/2015/06/tpp-don-beyer-d-va-puts-free-trade-above-national-sovereignty-and-democracy.html




JPMorgan Economist: Get Ready for the Economy to Produce Way Fewer Jobs in the Future


(Bloomberg) Some days, there are too many ideas: Emerging market currency convexity on a log chart, the "bond bear market," Italian GDP, or the latest fight about gold.

Then something comes along that pushes it all aside.

Michael Feroli, of JPMorgan economics has been way, way out in front of the story of a new structural slowdown for the U.S. Economy. He was even pre-New Mediocre, as Madame Lagarde and the IMF carried the JPMorgan caution over to the global economy.

On Surveillance today, he reitered his call for a sub-2% run-rate for America.

And then he dropped a bombshell.

Feroli suggests that without technological progress, America's demographics and subdued productivity will drive "normal" GDP growth even lower. And the pace of job creation in the coming years will fall to around 75,000. ................(more)

http://www.bloomberg.com/news/articles/2015-06-09/jpmorgan-economist-get-ready-for-the-economy-to-produce-way-fewer-jobs-in-the-future




Obama Lawyers Asked Secret Court to Bypass Public Court’s Decision on NSA Spying

http://www.truthdig.com/eartotheground/item/obama_lawyers_asked_secret_court_to_ignore_public_courts_decision_20150609


via truthdig:


The Obama administration asked a federal court to resume the NSA surveillance programs ended by the expiration of parts of the Patriot Act on June 1.

After Congress voted last week for legislation ending the NSA’s ability to collect and store millions of Americans’ phone records, the Justice Department submitted a legal memorandum to the secretive federal court justifying authorization for NSA collection for a further six months.

Spencer Ackerman of The Guardian reports.

The legal request, filed nearly four hours after Barack Obama vowed to sign a new law banning precisely the bulk collection he asks the secret court to approve, also suggests that the administration may not necessarily comply with any potential court order demanding that the collection stop.

US officials confirmed last week that they would ask the Foreign Intelligence Surveillance court – better known as the Fisa court, a panel that meets in secret as a step in the surveillance process and thus far has only ever had the government argue before it – to turn the domestic bulk collection spigot back on. ...

asked the Fisa court to set aside a landmark declaration by the second circuit court of appeals. Decided on 7 May, the appeals court ruled that the government had erroneously interpreted the Patriot Act’s authorization of data collection as “relevant” to an ongoing investigation to permit bulk collection.


The Justice Department said in its memo: “The government respectfully submits that it may seek and this court may issue an order for the bulk production of tangible things” under the law, “as it did in ... prior related dockets,” .

Learn more here.

—Posted by Alexander Reed Kelly.




M1 Rail names American contractor for six Detroit streetcars

\


DETROIT, MI - The $140 million M1 Rail project has named Brookville Equipment Corporation to design and build six individual streetcars.

M1 Rail is buying the six vehicles, along with parts and support services, from the Brookville, Pa.-based company for $32 million, according to a release.

The streetcars from Brookville Equipment are expected to arrive in the fourth quarter of 2016. They'll be equipped with vertical bike racks, WiFi wireless internet and HVAC systems to accommodate Southeast Michigan's wide-ranging weather. They will comply with the Americans with Disabilities Act.

Brookville Equipment, a 97-year-old locomotive, streetcar and mining company, provided similar, off-wire streetcars for the Dallas Area Rapid Transit system. M1 Rail had previously entered into negotiations with a firm from the Czech Republic to provide the cars, but those talks fell through. .....................(more)

http://www.mlive.com/business/detroit/index.ssf/2015/06/m1_rail_names_american_contrac.html




Fast Track Will Also Apply to TISA, the "Scariest Trade Deal Nobody's Talking About"


Fast Track Will Also Apply to TISA, the "Scariest Trade Deal Nobody's Talking About"
by Gaius Publius

Fast Track is not just a path to TPP ... it's evil all on its own. There's now another leaked "trade" deal, called TISA, and Fast Track will "fast-track" that one too. Want your municipal water service privatized? How about your government postal service? Read on.

Most of the coverage of the Fast Track bill (formally called "Trade Promotion Authority" or TPA) moving through Congress is about how it will "grease the skids" for passage of TPP, the "next NAFTA" trade deal with 11 other Pacific rim countries. But as we pointed out here, TPA will grease the skids for anything the President sends to Congress as a "trade" bill — anything.

One of the "trade" deals being negotiated now, which only the wonks have heard about, is called TISA, or Trade In Services Agreement. Fast Track legislation, if approved, will grease the TISA skids as well.

Why do you care? Because (a) TISA is also being negotiated in secret, like TPP; (b) TISA chapters have been recently leaked by Wikileaks; and (c) what's revealed in those chapters should have Congress shutting the door on Fast Track faster and tighter than you'd shut the door on an invading army of rats headed for your apartment. ....................(more)

- See more at: http://downwithtyranny.blogspot.com/2015/06/fast-track-will-also-apply-to-tisa.html#sthash.zH1AEpmm.dpuf




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