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Showing posts from July, 2013

Hoarders - the Bank Holding Company version...

Americans, dragged down by a sagging economy, high unemployment and a rather astonishing number of people living at risk of poverty , have new reality show to watch: Hoarders - the bank holding company version. Emboldened by bonuses supplied by the US taxpayer and bolstered by the lack of any oversight or consequences for reprehensible behaviors on Wall Street that led to the collapse of the economy, America's biggest " bank holding companies " are expanding their businesses. No longer content to supply loans and CDOs and synthetic CDOs , those clever Ivy-educated bankers are in the commodities storage business. And they're hoarding these commodities like those hoarders you can watch on A&E. What does this mean? Your cans of Pepsi, Budweiser and Heineken have just gotten pricier. And the hoarders on Wall Street have just gotten richer. This Business Insider story quotes a Goldman Sachs "commodities strategist" on how  "for investors, the

North Carolina is what happens when the Tea Party is in charge

The North Carolina General Assembly (NCGA) has been exceptionally busy this week. They passed a budget that trashes primary and secondary education - siphons money from public schools to charter schools, offers no raises to teachers (who've been without a raise for years), offers no incentives for teachers to get a masters degree; removes the possibility of tenure from new hires. And that's just education. And it follows remarks McCrory made earlier in the year about higher education in North Carolina, home to the first public university in the country: “If you want to take gender studies that’s fine, go to a private school and take it,” McCrory told host Bill Bennett, a former U.S. Secretary of Education. “But I don’t want to subsidize that if that’s not going to get someone a job." They've just passed one of the most restrictive voter ID bills in recent history (THANK YOU SCOTUS, NOT!) They've also passed one of the most alarming gun bills in America -

David Brooks completely misinterprets The Searchers

David Brooks was probably feeling very smart and intellectual and clever when he posted his most recent column . He links a great John Ford Western with a look at manhood today in America; he covers current unemployment stats, reflects on boy culture and school culture; he quotes the American Enterprise Institute along with lines from The Searchers . It's all in there. The column is a muddled mess. He opens with a rather vast claim: "As every discerning person knows, The Searchers is the greatest movie ever made." Now I think we can say that discerning people know The Searchers is one of the greatest movies ever made. [I make that claim myself here .] But to assert as fact that it is the very greatest film ever made and to note that if you don't get that fact, you are not a discerning person - which is disdainful and argumentative - is perhaps not the best way to open this column. He goes on to note that the close of the West has left American manhood in a

On guns and groceries: a look at the Zimmerman trial...

Two days ago, as we were watching Saige: An American Girl , our program was interrupted to give us the verdict in a trial reflecting today's American zeitgeist - that violent and bloodied intersection of guns and race, the George Zimmerman trial. It was a very jarring end to the sugar-sweet American Girl story about the travails of a 9-year-old artist. My children were upset; they wanted to see the end of the movie; instead we all watched the verdict. Today, as I ponder the news and analysis of this trial, I remain melancholy. Was it appropriate to let my 9-year-olds watch the verdict? What about my 13-year old? I remain torn about this. I know that as the verdict was announced, my three children wanted to know what happened. What was this trial about - a trial so significant it cut into the conclusion of an American Girl movie? After I explained the details, they did not understand how an armed adult could kill an unarmed teenager and be considered "not guilty." In o