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Friday :: April 29, 2011

HAMP'D: How Geithner May Cost Obama Reelection

Atrios:

As I've said many times, if the economy fails to turn around sufficiently in time for the election it will in large part due to the failure of HAMP. It was bad in that it screwed a lot of individuals and failed to help enough, but it was also bad because it failed to help the macroeconomy.

From the rortybomb link:

Gagnon earlier in his talk said that “one of the biggest goals [. . .] was to push down the mortgage rate to spark a refinancing boom to encourage households and enable households to reduce their expenditures and repair their balance sheets and be able to spend again. That worked not quite as well as we hoped because the administration’s program for getting underwater borrowers to borrow didn’t work and I think that’s a true disaster that has no excuse. I have nothing but [. . .] blame [for] the administration on not doing this[ . . .] This could have been a huge success. [. . .]" I haven’t heard this critique before and I thought it was really interesting.

(Emphasis supplied.) I know rortybomb does not read TalkLeft but Atrios has only written about this about a gajillion times. Weird that he says he has not heard this critique before.

Speaking for me only

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Trump Avoided Vietnam Service Through Deferments

Smoking Gun:

Despite Donald Trump’s claim this week that he avoided serving in the Vietnam War solely due to a high draft number, Selective Service records show that the purported presidential aspirant actually received a series of student deferments while in college and then topped those off with a medical deferment after graduation that helped spare him from fighting for his country, The Smoking Gun has learned.

[. . . On] October 15 [1969], [Trump's] classification was switched to 1-Y, which was given to men deemed qualified for military service “only in time of national emergency.” The 1-Y classification came a month after Trump underwent an “Armed Forces Physical Examination,” according to Selective Service records, which note the results of the exam as “DISQ.”

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Royal Wedding: Open Thread

Update: Raves everywhere for the dress, designed by Sarah Burton.

It looks like Kate Middleton's wedding dress designer may be Sarah Burton of Alexander McQueen. In a few hours, the world will know for sure. Here are some photos showing her sense of style. She looks great in everything.

Queen Elizabeth announced this morning the couple will become the Duke and Duchess of Cambridge.

For those staying up tonight (or rising early Friday) to watch it live, here's an open thread. If you think a particular network is doing a good job, please let us know.

If you aren't interested in the wedding, we get it, but there's no need to tell us in this thread. There are plenty of other threads to comment on. Let's keep this one for people who are enjoying the event.

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Trump Took Out Ad Seeking Death Penalty for 14 Year Old

Raymond Santana was 14 years old in 1989 when he and four others were wrongfully accused of raping the Central Park jogger. Days after the crime, Donald Trump spent $85,000. on ads in four New York newspapers calling for the death penalty for the five. The ads ran in New York Times, the New York Post, the New York Daily News and New York Newsday, while the jogger was still in the hospital in a coma.

In the ads, which have the banner headline "Bring Back the Death Penalty," Trump wrote, "They should be forced to suffer and, when they kill, they should be executed for their crimes. They must serve as examples so that others will think long and hard before committing a crime or an act of violence."

The youths were convicted at trial and sent to prison, but 13 years later, DNA evidence confirmed they were not the attackers. The person whose DNA did match later confessed. Santana is outraged that Trump, to this day, refuses to apologize. [More...]

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Thursday :: April 28, 2011

Thursday Night Open Thread

Here's the official wedding program for William and Kate, courtesy of the Royal Family website. Kate doesn't arrive to walk down the aisle until 11:00 am, GMT. It's now 2 am in London, and 7 pm in Denver.

In Denver, PBS will be airing the BBC coverage from 1:00 am tonight until 6 am tomorrow morning. Since I have zero interest in the American media spectacle or care to listen to its chatterboxes, I'll either watch the BBC/PBS coverage or watch with the sound off. I can understand the massive coverage by British media -- it's their country and their royalty -- but I totally don't get the U.S. media's obsessive coverage and expenditure of millions of dollars to fly their anchors and teams of vacuous "know it alls" to London. Even worse are the crude attempts by U.S. businesses to cash in on the event: From Kohl's "we'll dress dress you like Kate", to Restaurant X will be serving British food, it's such a turn-off. The crass commercialization of the event has ensured that I will not watch any American network coverage.

I actually think William and Kate make a nice couple and seem to be handling the massive attention well. I'd probably watch if there was a network that had the good sense to just air the event and let us take it in for ourselves, skipping the breathless chatter of their anchors and talking heads. I'm hoping the BBC will do that, although it's probably too much to ask.

Rant over. Your turn. All topics welcome.

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DEA Raids Medical Marijuana Dispensaries in Spokane

The DEA raided four medical marijuana dispensaries in Spokane, WA today. A map of those raided is here, courtesy of Radical Russ of NORML.

Here is the position of the U.S. Attorney for the Eastern District of Washington, contained in an April 14 letter to the Washington legislature concerning on a proposed bill to establish a licensing scheme for marijuana growers and dispensaries: [More...]

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CNBC: Job Growth Will Sustain Economic Recovery

The "experts":

Ironically, the labor market, which until recently had lagged the economic recovery that got under way in the second half of 2009, is seen underpinning growth in the coming quarters.
Meanwhile:

New U.S. claims for unemployment benefits surprisingly rose last week to their highest level since January in a sign an anticipated recovery in labor markets may take time, a government report showed on Thursday.. Initial claims for state unemployment benefits jumped 25,000 to a seasonally adjusted 429,000, up from a slightly upwardly revised 404,000[.]

Happy Days Are Here Again!! Geithner could cost Obama his reelection.

Speaking for me only

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Jury Acquits Two of Four Defendants in DEA African Adventures Trial

Bump and Update: The jury convicted two defendants, including Russian pilot Konstantin Yaroshenko, and acquitted two defendants. Giants owner John Mara was one of the jurors.

All defendants except Yaroshenko acknowledged participation in cocaine transactions involving South America and Africa. They denied they were part of a conspiracy to have some of the drugs sent to the U.S. No cocaine was actually shipped anywhere, and the only connection to the U.S. was that the DEA informant in the sting operation told the others he planned to have his portion of the cocaine flown from Ghana to New York. I assume the two who were acquitted were Nathanial French and Mawuko Kudufia, whose alleged roles were to assist in the planned offload of the cocaine in Liberia after it arrived from South America. (Update: Those were the two who were acquitted, the U.S. Attorney's press release on the verdict is here.)

All four were flown from Africa to New York to stand trial in June, 2010, and have been detained since then. At least two will get to go home now. [More...]

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Trump's Tax Returns

Robert Gibbs:

"Donald Trump said he’d release his tax returns as soon as the president released his birth certificate, so the ball is in his court now and I know everybody is anxious to see his tax returns over the last 10 years," Gibbs told POLITICO.

The Obama Team loves Trump being a leading GOP light, for good reason.

Speaking for me only

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Thursday Morning Open Thread

I'm busy again. Light blogging if any from me.

Open Thread.

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Wednesday :: April 27, 2011

Wednesday Night Open Thread

The media is in its full Royal Mania phase. There are 8,652 news articles on Google right now about Kate Middleton's wedding dress. No one's figured out who designed it. Bruce Oldfield tells Women's Wear Daily he is not the designer. Vegas odds are on Sarah Burton of Alexander Queen. Other possibilities: Alice Temperly, Sophie Cranston (who says it's not her) , Issa designer Daniella Helayel, and Philipa Lepley. One person who knows but isn't telling: Olivier Theyskens, formerly of Nina Ricci, lately with Theory.

The royal wedding site is here. It has its own You Tube channel where you can watch everything live, starting at 2:00 am PT tomorrow night. Unless I can find a place to watch without media commentary, I'll probably skip it. [More...]

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Wednesday Late Afternoon Open Thread

My 2 cents, Obama released the birth certificate too soon. Should have made the GOP Presidential candidates squirm on the issue until the Fall.

Open Thread.

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