Journal: Deficit Reduction Plan Hoses Everyone BUT the 10% at the Top

03 Economy, 11 Society, Civil Society, Commerce, Corruption, Government
Chuck Spinney Sounds Off....

Hint: if you are in lower 90% of income earners, just look in the rear view mirror — because S-B is about to sell you the same ideological snake oil that got America into its current economic mess.

My good friend Jeff Madrick, a old fashioned liberal in the best sense of the term, dissects the Simpson-Bowles cape-job in the article attached below.

In my opinion, the litmus test for measuring the seriousness of the Simpson – Bowles recommendations will be what if anything the commission recommends for containing the Pentagon's out-of-control  budget.  At a minimum, the defense budget  should be frozen (for reasons cited here) in current dollar terms until the Pentagon can pass the audits legally required by the Chief Financial Officer Act of 1990, not to mention the the letter and original intent of the Accountability and Appropriations Clauses of the Constitution — a document that every officer in the US government has taken an unconditional oath to protect and uphold.

My personal view is that the Pentagon's budget can and should be placed on a downward path glide path of 2-3% reduction per year in current dollars.  One way for doing this, while forging a more sensible and responsive national military strategy, is described here.  But, of course, that kind of hard decision making is simply not going to happen in the Hall of Mirrors that is Versailles on the Potomac.  Indeed, even the generous constraint of a current dollar freeze to a defense budget, which is now at the highest level since the end of WWII, is likely to be a pipe dream, because as Jeff points out, the evidence to date suggests that Simpson – Bowles is likely to give the Pentagon a free ride … again.  Maybe we will be surprised, but don't bet your diminished net worth on it.

Chuck Spinney

Is Simpson-Bowles Balanced? Take a Look at its Supporters.

New Deal 2.0 11/18/2010

Jeff Madrick

http://www.newdeal20.org/2010/11/18/is-simpson-bowles-balanced-take-a-look-at-its-supporters-27552/

The enthusiasm from moderate to hardcore conservatives for the deficit reduction plan underscore what’s wrong with it.

Read rest of original article…

Review (Guest): America by Heart–Reflections on Family, Faith, and Flag

11 Society, 5 Star, America (Founders, Current Situation), Civil Society, Civil Society, Congress (Failure, Reform), Consciousness & Social IQ, Counter-Oppression/Counter-Dictatorship Practices, Cultural Intelligence, Culture, Research, Democracy, Economics, Executive (Partisan Failure, Reform), Impeachment & Treason, Intelligence (Public), Misinformation & Propaganda, Peace, Poverty, & Middle Class, Politics, Power (Pathologies & Utilization), Priorities, Reform, Values, Ethics, Sustainable Evolution, Voices Lost (Indigenous, Gender, Poor, Marginalized)
Amazon Page

Sarah Palin Book ‘America By Heart' Hits Obama, Defends Actions (ADVANCE EXCERPTS)

Sam Stein and Lisa Shapiro, Huffington Post

19 November 2010

In her newest book, former Alaska Governor Sarah Palin sharply criticizes the record of President Barack Obama while defending her own, in the process offering an unapologetic vision of conservative politics that strongly suggests a forthcoming presidential run.

“America by Heart,” which will be officially released on Tuesday (The Huffington Post obtained an advance copy), exhibits Palin in a variety of roles: culture warrior, presidential critic, committed mother and political provocateur. Clocking in at roughly 270 pages, it reads, at times, like an episode of Glenn Beck's Fox News show. Lengthy quotes and historical research is threaded, often, around contemporary political debates. In the mind's eye of the former governor, the founders, were they alive today, would be nothing short of Palin devotees — and they would certainly be shocked by Obama.

The president makes infrequent appearances in Palin's book, but when he does surface it is in an unflattering light.

“There is a narcissism in our leaders in Washington today,” Palin writes. “There's a quasi-religious feeling to the message coming from them. They are trying to convince us that not only are they our saviors, but that we are our saviors… as candidate Obama proclaimed on Super Tuesday 2008, ‘We are the ones we've been waiting for, we are the change that we seek.'”

Obama, as Palin posits, is neither providing the change that was sought nor fulfilling the role of savior he supposedly promised. Instead, he is cast as a wealth re-distributor, a sly practitioner, and, above all else, a politician with policies antithetical to American values. This is true, she argues, on matters large and small.

View Book Page at Amazon

Read Original Article at Huffington Post

Balance of Article Below the Line (Safety Copy)

Continue reading “Review (Guest): America by Heart–Reflections on Family, Faith, and Flag”

Journal: Master Key to the Internet?

02 China, 03 Economy, 10 Security, Commercial Intelligence, Communities of Practice, Computer/online security, Mobile, Real Time

Jon Lebkowsky Home

Are there “master keys” to the Internet?

Interesting article in the New York Times“How China meddled with the Internet,” based on a report to Congress by the United States-China Economic and Security Review Commission. The Times article talks about an incident where IDC China Telecommunication broadcast inaccurate Web traffic routes for about 18 minutes back in April. According to the Times, Chinese engineering managers said the incident was accidental, but didn’t really explain what happened, and “the commission said it had no evidence that the misdirection was intentional.” So there was a technical screwup, happens all the time, no big deal? Or should we be paranoid?

No doubt there’s a lot to worry about in the world of cyber-security, but what makes the Times article interesting is this contention (not really attributed to any expert):

While sensitive data such as e-mails and commercial transactions are generally encrypted before being transmitted, the Chinese government holds a copy of an encryption master key, and there was speculation that China might have used it to break the encryption on some of the misdirected Internet traffic.

That does sound scary right? China has an “encryption master key” for Internet traffic?

Except it doesn’t seem to be true. Experts tell me that there are no “master keys” associated with Internet traffic. In fact, conscientious engineers have avoided creating that sort of thing. They use public key encryption.

So why would the times suggest that there’s a “master key”?

Phi Beta Iota: We have three thoughts:

1)  There's been a movie on the idea, and a low-rent mind might have been led to use the idea for spin.

2)  Much more seriously, we have been told that many routers strip security as a routine means of increasing speed.  We do not know the truth of the matter, since encrypted emails do arrive with encryption, but as a general proposition, security does seem to have been sacrificed to speed, and it may be there is no need for an Internet key in general.

3)  Finally, we would observe that 80% of signals intelligence is pattern analysis, and being able to pull a massive amount of Internet into a place where pattern analysis of who is talking to who can take place, might, conceivably be worth doing.

See Also:

Reference: Quantitative Easing Explained

03 Economy, 07 Other Atrocities, Civil Society, Commerce, Commercial Intelligence, Corruption, Government
Michael Ostrolenk Recommends...

Below is just one of a number of short (YouTube) videos that are gaining traction as the American people begin to understand the reality of Goldman Sachs and the Federal Reserve being allowed to blow up the US economy and now the world economy, with the full blessing of President Barack Obama.  This is change we can believe in?

"Must Watch"

Journal: Chomsky on Mid-Term Elections

07 Other Atrocities, 11 Society, Civil Society, Corruption, Cultural Intelligence, Power Behind-the-Scenes/Special Interests, Reform
Richard Wright

I have rather mixed opinions of Chomsky, but think he is on the mark in this OpEd.

The US Elections: Outrage, Misguided

truthout

17 November 2010

Noam Chomsky

The U.S. midterm elections register a level of anger, fear and disillusionment in the country like nothing I can recall in my lifetime. Since the Democrats are in power, they bear the brunt of the revulsion over our current socioeconomic and political situation.

More than half the “mainstream Americans” in a Rasmussen poll last month said they view the Tea Party movement favorably – a reflection of the spirit of disenchantment.

Noam Chomsky

The grievances are legitimate. For more than 30 years, real incomes for the majority of the population have stagnated or declined while work hours and insecurity have increased, along with debt. Wealth has accumulated, but in very few pockets, leading to unprecedented inequality.

These consequences mainly spring from the financialization of the economy since the 1970s and the corresponding hollowing-out of domestic production. Spurring the process is the deregulation mania favored by Wall Street and supported by economists mesmerized by efficient-market myths.

Read full article…

Phi Beta Iota: Emphasis added above.  The chapter on “Legitimate Grievances” in ELECTION 2008: Lipstick on the Pig (EIN, 2008) comes in two parts–domestic grievances warranting state nullification of federal abuse, and state consideration of secession if the legitimate Constitutionally-derived Republic cannot be restored; and global grievances occasioned by a century of unilateral militarism, virtual colonialism, and predatory capitalism working in unison to loot the commonwealths of all nations–our elite corrupted the other elites, and between them they have come very close to destroying what should be a prosperous world at peace.

Structured Reading on Reality:

Worth a Look: Book Review Lists (Negative)

Worth a Look: Book Review Lists (Positive)

See Also by Chomsky:

Journal: Up to 90 percent of US paper money [in large cities] contains traces of cocaine

Review: What We Say Goes

Review: Interventions

Review: Failed States–The Abuse of Power and the Assault on Democracy (American Empire Project)

Review: Imperial Ambitions–Conversations on the Post-9/11 World (American Empire Project)

Review: Hegemony or Survival–America’s Quest for Global Dominance (The American Empire Project)

Review: The Umbrella of U.S. Power–The Universal Declaration of Human Rights and the Contradictions of U.S. Policy

Review: Profit Over People–Neoliberalism & Global Order

Review: 9-11

Review: Acts of Aggression

Review: Manufacturing Consent–The Political Economy of the Mass Media

Journal: Twitter Money To Open Money

11 Society, Budgets & Funding, Civil Society, Cultural Intelligence, Gift Intelligence, Mobile, Real Time
Jon Lebkowsky Home

HelpAttack!

by jonl on November 16, 2010

My friend Sarah Vela launched a new company called Help Attack! in August, and it’s proving to be a cool way for nonprofits to raise money, and a clever way for donors to commit money by pledging to give some amount of money for every tweet they post in a month. Sez Sarah, Sez Sarah, “This new way to donate is easy, fun and offers a layer of social responsibility to online activities. We invite all nonprofit organizations seeking new ways to collect funding through year-end campaigns to visit the site, add themselves if they’re not already listed, and share this new way of giving with their supporters.” In addition to the money they’re raising, the nonprofits get more social media visibility via the Twitter connection. Callie Langford, Communications Manager of CASA (Court Appointed Special Advocates), says HelpAttack! raised awareness of her organization and provided “a no-fuss way for us to receive additional donations, engage with new and old donors, and share details about our upcoming events.” [Link to HelpAttack!]

Help Attack Home

Phi Beta Iota: This is interesting in part because it shows the further development of bottom-up fund-raising at a micro-level; and in part because once the platform is well-established, the way is open to adopt Open Money and cut the banks out entirely.  Facebook is also on its way to becoming a financial exchange without the built-in legalized organized crime.