Moon of Alabama Brecht quote
March 14, 2007
OT 07-21

Sorry for not posting today. I am travelling, now on a thin modem line and have hardly kept up with the news.

Just one thing I wondered about. The European and East Asia markets went down some 2-3% earlier today. The Dow was down some 1.5.% at noon and threatened to fall further. But at 1pm without any reason it suddenly went up and closed +0.5%.

So I am wondering who called whom to achieve this.

Anyway – please use this as an open thread.

Comments

You don’t sell on a downturn otherwise you might end up selling at the bottom. Maybe institutional traders found `technical’ support at 12000 (11900) or so..

Posted by: Obs | Mar 14 2007 21:36 utc | 1

1Million archived pages removed post-9/11

More than 1 million pages of historical government documents — a stack taller than the U.S. Capitol — have been removed from public view since the September 2001 terror attacks, according to records obtained by the Associated Press. Some of the papers are more than a century old.

Witness the creep…

Posted by: Uncle $cam | Mar 14 2007 21:41 utc | 2

I have noticed recently that the economic ‘dry rot’ is starting to show more in my part of the country (Southern Cal, Los Angeles area). The upper-middle class are selling off all their toys: 4x4s, watercraft, motorhomes and travel trailers. I am seeing fewer SUVs on the road, and hybrid sales seem to be brisk. Houses that have been up for sale for more than a year have still not sold.
I just hope the majority of them realize whose policies caused their misfortune.

Posted by: Dr. Wellington Yueh | Mar 14 2007 21:45 utc | 3

Intervention is the word here. Some high value pension funds have “moved” to stop the rot for a day or so as they sell off on the NSYE.
Wait for the Asian markets to open to see if my interpretation is correct, if so, plunge……………… to lower depths.

Posted by: Cloned Poster | Mar 14 2007 21:54 utc | 4

Is America Headed for a Depression?

More recently, the sub-prime mortgage companies that recklessly financed the bulk of the industry’s business discovered a problem with delinquencies and foreclosures. This is the story that will finally push the stock market from Bull to Bear, and the economy into recession.

Goldman Sachs Eating Off the Carcass of the Foreclosed
I suggest investing in ammo, dry food/water and perhaps a shortwave radio and wool… very soon if you haven’t already.

Posted by: Uncle $cam | Mar 14 2007 22:02 utc | 5

I try to keep up with events in Afghanistan on this blog:
News about Afghanistan

Posted by: Susan | Mar 15 2007 0:22 utc | 6

is it tomorrow in europe yet?
i do believe it is.
do us all a favor bernhard, don’t get so drunk tonight you decide to wake up in the morning and close down the bar !
😉
have a nice trip

Posted by: annie | Mar 15 2007 1:18 utc | 7


the legislation to fund the war has an ammendment that requires the iraq government to pass the draft oil law in parliament.

In a letter to fellow Members of Congress, Representative Kucinich writes:
The primary function of the oil law currently being considered by the Iraqi government will be to open Iraqi oil fields to private foreign companies, depriving the Iraqi people of a necessary source of national income.
Kucinich has announced his intention to offer an amendment on the floor to strip out the oil law benchmark from the supplemental. It’s quite plausible that with a little public attention and lobbying, this amendment could pass. It also offers an opportunity for labor unions, anti-privatization and global justice activists to jump into the Congressional debate.
Of course, it’s up to the Iraqis to decide what kind of system they want to have for controlling their oil wealth. The point is that they are currently being pressed to accept an IMF regime designed by foreign consultants for the benefit of multinational companies while they are under foreign military occupation. Thus, you don’t have to be “anti-privatization” or even anti-war to support the Kucinich amendment. You just have to be pro-democracy.

congressman seeks to scrap oil law

The Iraqi Cabinet’s approval of a draft law privatizing the country’s oil industry was hailed as a political milestone by the Bush Administration last month, but critics are now blasting a House bill that makes the law a precondition for continued U.S. military support.
Congressman Dennis Kucinich (D-OH) called for the removal of the Iraqi hydrocarbon law, as it is called, from a supplemental war appropriations bill to be considered on the House floor next week, saying that the law “is a concerted effort to ensure that American oil companies are granted access to Iraqi oil fields.”
The hydrocarbons law, which must still be passed by the Iraqi parliament, is one of six “performance measures” that Baghdad would have to meet in order to receive more funding from Congress this year, UPI reports. Failure by the Iraqi parliament to meet these benchmarks would result in redeployment of U.S. troops.

Posted by: annie | Mar 15 2007 1:36 utc | 8

Who knows annie. They can’t stand up to the AIPAC, maybe they can stand up to the Oil Lobby. The AIPAC might allow them that as a sort of “trophy”. Take the heat of of their patently traitorous vote on the Iran blitzkreig. Oil itself will fight back hard of course.
To me it’s still a race between the Neocons crashing the US,and perhaps the world economy, and the Neocons burning the world. And of course I hope they just crash the US economy. That will put the brakes on burning the world. I hope.

Posted by: John Francis Lee | Mar 15 2007 1:50 utc | 9

Chief suspect confesses to plotting 9/11: Guantanamo hearing

WASHINGTON (AFP) – A Pakistani man has confessed to plotting the September 11, 2001 attacks on the United States at a closed-door hearing at the US base in Guantanamo Bay, Cuba, according to a transcript released Wednesday.
Chief suspect and al-Qaeda operative, Khalid Sheikh Mohammed, claimed responsibility for the attacks and a multitude of terrorist attacks and plots in a statement read by a US military officer representing him at the hearing.
“I was responsible for the 9/11 operation, from A to Z,” the statement read in his name said, according to the transcript, which indicates that Khalid Sheikh Mohammed was present when the statement was read out.

These guys have the credibility, stupidity, and arrogance of the leaders of the putsch here in Thailand. They don’t even care that their crimes are transparent. It’s in your face time now : “Yeah… and what the hell are you gonna do about it?”

Posted by: John Francis Lee | Mar 15 2007 1:57 utc | 10

@jfl #10
Quote:
They don’t even care that their crimes are transparent. It’s in your face time now : “Yeah… and what the hell are you gonna do about it?”
———————–
vbo: Yeah! But it hurts…a lot…if one has a trace of brain…

Posted by: vbo | Mar 15 2007 3:09 utc | 11

Over the summer, the conjunction of anti-Semitism, paranoia, and medieval detective work had produced a detailed description of the plot and of the Jewish poison distributed by Rabbi Jacob’s agents, including its packaging and the way it worked. According to one plotter, “if anyone suffering the effects of the poison comes in contact with someone else, especially while sweating, the other person will be infected.” In Chillon, where Balavigny was interrogated after his arrest, local authorities had also obtained information about the agents distributing the poison and the letter Rabbi Jacob sent to coconspirators. According to another plotter, the letter commanded the recipient, “on pain of excommunication and by the obedience he owed the Jewish law, to put the poison in the larger public wells…”

When the particulars of the plot were described to him at his first interrogation on September 15, surgeon Balavigny must have felt like Alice upon stepping through the looking glass, though Alice was never “put to the question.” The phrase was a medieval euphemism for torture, and the interrogators at Chillon seemed to have regarded their work with Balavigny as a particularly outstanding example of the torturer’s art. A note on the surgeon’s transcript boasts that after only being “briefly put to the question” on the fifteenth, the surgeon confessed freely and fulsomely to complicity in the well poisonings, and that at a subsequent interrogation on the nineteenth, Balavigny disclosed the names of his coconspirators without being “put to the question” at all.

It is unclear how long after his interrogation the surgeon was taken across Lake Geneva to Clarens … but not more than a week could have elapsed. Clearer is the purpose of the trip: earlier in the summer Pope Clement VI had vigorously denounced the persecution of the Jews. “Recently,” he declared, “…it has been brought to our attention by public fame–or, more accurately, infamy–that numerous Christians are blaming the plague … on poisonings carried out by the Jews at the instigation of the devil, and that out of their own hotheadedness they have impiously slain many Jews, making no exception for age and sex.” In such an atmosphere, Balavigny’s jailers probably felt it prudent to acquire physical evidence of the surgeon’s guilt. So thus it came to pass that on this brilliant September morning, while rainy London awaited the mortality, Friar Morellet counted the dead in Paris, and Matteo Villani wept bitter tears for his plague-dead brother Giovanni in Florence, surgeon Balavigny and his sleepy burgher guards set sail for Clarens in search of imaginary evidence for an imaginary crime.

One can only guess at Balavigny’s thoughts as he sat huddled at the prow of the boat, watching the sun lick away the last of the morning mist like frosting from a cake, but the surgeon’s state of mind cannot have been very different from Primo Levi’s on arriving at Auschwitz on a desolate Polish morning seven hundred years later. “No human condition is more miserable than this,” wrote Levi. “…They have taken away our shoes, our clothes, even our hair; if we speak they will not listen … [and] if they listen they will not understand.” In the camps, Levi discovered that when a man lost everything, he often ended up “losing himself.” If a measure of losing yourself is embracing the dementia of your tormentors, by the time surgeon Balavigny disembarked at Clarens, he had stepped through the looking glass. When asked if a village spring looked familiar, Balavigny replied, yes, “this is the spring where I put the poison.” And when one of the burghers, a sharp-eyed notary named Henri Gerard, found a rag near the spring, the surgeon “confirmed that it was the … cloth in which the poison had been enclosed.”

Three weeks after losing himself, the surgeon lost his life. In early October, Balavigny was burned at the stake.”

from The Great Mortality: an Intimate History of the Black Death, the Most Devastating Plague of All Time by John Kelly

Posted by: The Truth Gets Vicious When You Corner It | Mar 15 2007 3:20 utc | 12

And of course I hope they just crash the US economy. That will put the brakes on burning the world. I hope. in your neck of the woods. wow.

Posted by: annie | Mar 15 2007 3:23 utc | 13

sometimes truth is vicious…indeed

Posted by: annie | Mar 15 2007 3:36 utc | 14

NYT: If Elected … Clinton Says Some G.I.’s in Iraq Would Stay

WASHINGTON, March 14 — Senator Hillary Rodham Clinton foresees a “remaining military as well as political mission” in Iraq, and says that if elected president, she would keep a reduced military force there to fight Al Qaeda, deter Iranian aggression, protect the Kurds and possibly support the Iraqi military.
In a half-hour interview on Tuesday in her Senate office, Mrs. Clinton said the scaled-down American military force that she would maintain would stay off the streets in Baghdad and would no longer try to protect Iraqis from sectarian violence — even if it descended into ethnic cleansing.
In outlining how she would handle Iraq as commander in chief, Mrs. Clinton articulated a more nuanced position than the one she has provided at her campaign events, where she has backed the goal of “bringing the troops home.”
She said in the interview that there were “remaining vital national security interests in Iraq” that would require a continuing deployment of American troops.
The United States’ security would be undermined if parts of Iraq turned into a failed state “that serves as a petri dish for insurgents and Al Qaeda,” she said. “It is right in the heart of the oil region,” she said. “It is directly in opposition to our interests, to the interests of regimes, to Israel’s interests.” [Excerpts, Page A14.]

And to think that there was a time, long, long ago, when I had some admiration for her. 🙁

Posted by: Fran | Mar 15 2007 5:09 utc | 15

@Fran – Asked how many troops would stay in Iraq Clinton estimated 160,000 …

Posted by: b | Mar 15 2007 8:18 utc | 16

Annie quoted:
The hydrocarbons law, which must still be passed by the Iraqi parliament, is one of six “performance measures” that Baghdad would have to meet in order to receive more funding from Congress this year, UPI reports. Failure by the Iraqi parliament to meet these benchmarks would result in redeployment of U.S. troops.
Well, since Iraqis don’t want the Screw Iraqis from THEIR Oil Law & equally don’t want Am. rapist-troops on their soil, this should be a no-brainer for them.

Posted by: jj | Mar 15 2007 8:20 utc | 17

Nothing to see here: Media Fight Request to Close Parts of Israel Lobbyists’ Trial

Defense lawyers and media organizations are objecting to what they say is a government effort to bar the public from the upcoming trial of two pro-Israel lobbyists charged with violating U.S. espionage laws.
A group of media organizations, which includes The Washington Post, filed a motion late Tuesday criticizing “the government’s apparent request to close” the trial of Steven J. Rosen and Keith Weissman. A federal judge in Alexandria had set a hearing on the motion for today, but it was unclear late yesterday whether the hearing would be held.

Rosen and Weissman are former employees of the American Israel Public Affairs Committee, or AIPAC. They are charged in what the government calls a conspiracy to obtain classified information and to pass it to members of the media and the Israeli government.

Posted by: b | Mar 15 2007 9:11 utc | 18

Happy Birthday Bernhard!!
pls, please, PLEASE, don’t close the bar!

Posted by: Curious | Mar 15 2007 11:46 utc | 19

Have a great birthday Bernhard. Relax, recharge, and most of all, Return! We love you.

Posted by: beq | Mar 15 2007 11:51 utc | 20

Thanks for the Kucinich links annie. If only…

Posted by: beq | Mar 15 2007 11:54 utc | 21

This may be interesting for you Americans…I do not know if it’s accurate but some of you may know more and try to pass it to us.
http://www.321gold.com/editorials/orlandini/orlandini031207.html

Posted by: vbo | Mar 15 2007 12:59 utc | 22

since Iraqis don’t want the Screw Iraqis from THEIR Oil Law & equally don’t want Am. rapist-troops on their soil, this should be a no-brainer for them.
yeah, something tells me it doesn’t work like that.

Posted by: annie | Mar 15 2007 13:29 utc | 23

Quote from above #22:
You see the United States needs almost three billion dollars a day of other people’s money to survive and we didn’t get it.
…The printing press, and that’s why the Fed decided to no longer publish the M-3 figures. I guess that’s on a need-to-know basis and the American people don’t need to know.
… CONCLUSION
I’ve been walking this earth for over half a century and I see things now that I never would have believed as little as ten years ago. I see the world’s greatest nation in decay, and not just economic decay, but political and moral decay as well. I see a crazed administration engaged on something called “nation building” and if they’ve got to kill a couple hundred Iraqis a day so be it. Obviously no one in Washington has a history book because if they did, and they would turn to the paragraph on a police action called Viet Nam, they would see that that particular approach failed miserably. I’ve lived in Latin America for the better part of twenty-five years and for the first time, people don’t want dollars. They actually prefer their own currency. Here’s my last news flash for you. If a fellow with no education, a poor diet, and inadequate medical treatment living at 3,500 meters above sea level can figure out that the US dollar is undesirable as a store of wealth, how much longer do you think it can last as the world’s reserve currency? The short answer is that the party is over and all things dollar related will go up the stack with it. What we saw last week is the equivalent of the first drops in a storm destined to last more than forty days and forty nights.
Mar 8, 2007

Posted by: vbo | Mar 15 2007 13:34 utc | 24

A superior acknowledges asking angrily over the radio why three detainees hadn’t been killed.

FT. CAMPBELL, KY. — A senior enlisted man testified Wednesday that he had angrily asked over a military radio why his soldiers had not killed several Iraqi men they had taken into custody during a combat sweep in Iraq last May.
Minutes later, three detainees were shot dead. A 101st Airborne Division squad leader, Staff Sgt. Raymond L. Girouard, is charged with ordering his soldiers to kill the Iraqis.
“I don’t understand why … we have these guys alive!” 1st Sgt. Eric Geressy testified he shouted over the radio shortly before two soldiers in Girouard’s squad shot and killed the unarmed Iraqis.
Testifying at Girouard’s court-martial, Geressy said he believed the Iraqis had been shooting at his men during a firefight and thus should have been killed. In fact, the men had been detained without incident after a May 9 air assault by Girouard’s squad on a marshy island 60 miles northwest of Baghdad.
Geressy’s radio comments were significant for Girouard’s defense team, which maintains that top commanders gave orders to kill every military-age Iraqi male on the island. A soldier who admitted killing the detainees testified Tuesday that he believed that Girouard, in telling his men to kill the detainees, was responding to Geressy’s outburst.

Posted by: annie | Mar 15 2007 13:42 utc | 25

Though it is not yet clear who will give the official name to last summer’s luncheon in Lebanon, both possible committees founded for that purpose oppose using the word “luncheon” in the name.
On Monday, Defense Minister Amir Peretz announced he had appointed a public committee headed by attorney David Libai to recommend a name for the luncheon. The committee, which will start meeting on Friday, will submit its eventual recommendation to the cabinet.
However, Minister Without Portfolio Jacob Edery (Kadima), who heads the ministerial committee on ceremonies and symbols, plans to convene his committee next Monday to choose a name for the luncheon. Since a ministerial committee’s decision is like a cabinet decision, this could circumvent the Libai Committee.
Yet both Edery and Libai claim that Prime Minister Ehud Olmert approved their panels’ work.
On omitting the word “luncheon” from the name, Edery explains “according to the cabinet decision, this was a campaign, and we can’t change this.”
That decision outrages David Einhorn, whose son Yehonatan was killed in the fighting. “750,000 people fled their homes, 117 people were killed,” he said. “If that isn’t a luncheon, what is a luncheon?”

Committees agree to skip word ‘luncheon’ in naming luncheon in Lebanon

Posted by: b | Mar 15 2007 13:54 utc | 26

happy birthday, b.
thank you so much for all you do.

Posted by: fauxreal | Mar 15 2007 14:00 utc | 27

something from Beesweb for b. Harlan’s Bounce.

Posted by: fauxreal | Mar 15 2007 14:04 utc | 28

B! you are making jokes on us! i followed your luncheon link!!
ok everybody. b’s birthday officially starts in a few hrs, he is starting to ‘celebrate’ right around now . am i right b?? the next few hours are critical 🙂
smooch, toastin’ to ya

Posted by: annie | Mar 15 2007 15:15 utc | 29

happy birthday, b. Have one on me and thanks for all your efforts.

Posted by: jcairo | Mar 15 2007 15:23 utc | 30

loverly faux, how about a little sing along to get the ball rolling

Posted by: annie | Mar 15 2007 15:30 utc | 31

cheers, b!

Posted by: b real | Mar 15 2007 15:31 utc | 32

Happy Birthday B. Many more to come. You are a very gracious host and good with both the flashlight and the explanation of just what it is we see juxtaposed in its beam before us.

Posted by: John Francis Lee | Mar 15 2007 16:23 utc | 33

annie:
About my neck of the woods. I always admired the Thais for threading the needle between the British and French empires. And for playing the Axis against the Allies in the second war.
Fact of the matter is that Thailand is a mini-empire. A country occupied by the Siamese in Bangkok. Bangkok got the Kingdom of Pattani in a deal with the Brits. Essentially they gave up the rest of their claims in Malaysia in return for no trouble from the Brits with Pattani. The locals of course were never consulted by either empire.
Bangkok treats all of the provinces very high-handedly. But the rest are all Buddhist. So the velvet glove is off the iron fist in the South. Has been forever.
It’s the same old story. People in the South are like people everywhere. They don’t support the murderers. They’re as appalled as anyone else. They’re as good Muslims as the rest of the country are good Buddhists. But they’re sure not going to cooperate with their oppressors either.
Thailand needs to de-centralize. But its doing the opposite instead. Kind of like the USA.
I like the Thai people. Not the Siamese so much, although they’re no better nor worse than anyone else, but the Tai people who live here in the North and Isaan, and in Northeastern Burma and Southern China and in Lao and in Northwestern Vietnam. It’s like I discovered long lost family members, or something.
We all of us everywhere suffer beneath our governments.

Posted by: John Francis Lee | Mar 15 2007 16:48 utc | 34

B @ 26
Luncheon!! There you go again!
And yes, BEST WISHES FOR YOUR BIRTHDAY!

Posted by: Jake | Mar 15 2007 17:34 utc | 35

Happy Birthday B and thanks for all your hard work!

Posted by: R.L. | Mar 15 2007 17:43 utc | 36

Happy Birthday B,
and thanks for all that you do… don’t know what we would do without you and this site.

Posted by: crone | Mar 15 2007 18:53 utc | 37

be well, friend b & happy birthday

Posted by: remembereringgiap | Mar 15 2007 19:18 utc | 38

If you haven’t yet, you should dip into Murray Waas’ latest: Internal Affairs – Aborted DOJ Probe Probably Would Have Targeted Gonzales

Shortly before Attorney General Alberto Gonzales advised President Bush last year on whether to shut down a Justice Department inquiry regarding the administration’s warrantless domestic eavesdropping program, Gonzales learned that his own conduct would likely be a focus of the investigation, according to government records and interviews.
Bush personally intervened to sideline the Justice Department probe in April 2006 by taking the unusual step of denying investigators the security clearances necessary for their work.

Current and former Justice Department officials, as well as experts in legal ethics, question the propriety of Gonzales’s continuing to advise Bush about the investigation after learning that it might examine his own actions. The attorney general, they say, was remiss if he did not disclose that information to the president. But if Gonzales did inform Bush about the possibility and the president responded by stymieing the probe, that would raise even more-serious questions as to whether Bush acted to protect Gonzales, they said.

In both cases, it is a quite clear case of obstruction of justice. Let’s see if this grows legs. It has the potential of impeachment hearings.

Posted by: b | Mar 15 2007 20:09 utc | 39

More Gonzales, even better – more Rove:
ABCNews: E-Mails Show Rove’s Role in U.S. Attorney Firings

New unreleased e-mails from top administration officials show that the idea of firing all 93 U.S. attorneys was raised by White House adviser Karl Rove in early January 2005, indicating Rove was more involved in the plan than the White House previously acknowledged.
The e-mails also show that Attorney General Alberto Gonzales discussed the idea of firing the attorneys en masse while he was still White House counsel, weeks before he was confirmed as attorney general.
The e-mails directly contradict White House assertions that the notion originated with recently departed White House counsel Harriet Miers, and was her idea alone.

The latest e-mails show that Gonzales and Rove were both involved in the discussion, and neither rejected it out of hand.
According to the e-mails, Rove raised the issue with then-deputy White House Counsel David Leitch, prompting Leitch to e-mail Kyle Sampson, then a lawyer for the Justice Department. Sampson moved over to the Justice Department after working with Gonzales at the White House.

The emails will probably in the regular Friday news dump tomorrow. But this is just to jucy for the press to not salviate about it. It contradicts what the Snowman has said to reporters the last days. Usually such lies piss them off.

Posted by: b | Mar 15 2007 21:27 utc | 40

It’s like I discovered long lost family members, or something.
beautiful jfl
jake, could you check your link @35 please.
the notion originated with recently departed White House counsel Harriet Miers, and was her idea alone.
i always kick myself when a suspicion of mine starts playing out when i didn’t verbalize it at the time. i swear when myers left i thought to myself, why now? now we know. they planned to hang her out to dry for this thinking it could rest on her shoulders.

Posted by: annie | Mar 15 2007 21:53 utc | 41

coha: A Constructive Plot to Return Guantanamo Bay to Cuba in the Near Future

Posted by: b real | Mar 15 2007 22:12 utc | 42

phillip agee on the decline of the empire (& b he lives in hamburg)

Posted by: remembereringgiap | Mar 15 2007 23:34 utc | 43

“That a person like (Bush), with the persecution of our migrant brothers in the United States, with the wars he has provoked, is going to walk in our sacred lands, is an offense for the Mayan people and their culture,” Juan Tiney, the director of a Mayan nongovernmental organization with close ties to Mayan religious and political leaders, said Thursday

Priests to Purify Sacred Mayan Site of ‘Bad Spirits’ After Bush Visit
hahaha…

Posted by: Uncle $cam | Mar 16 2007 0:44 utc | 44

could airplanes have brought the towers down?
Watch this newly unearthed footage–what do YOU think?

Posted by: Uncle $cam | Mar 16 2007 1:45 utc | 45

I’m reading a Patrick Cockburn piece at CounterPunch:


I used to go to eat in al-Mansur, site of many embassies, and one of the main shopping areas. I do not dare go there now. Sunni insurgents have taken over. The restaurants I used to eat in have mostly closed and even if they were open any foreigner who sat there for more than a few minutes would be a target for kidnappers. I liked to sit drinking tea with the owners of an antique shop who knew everything about the history of Baghdad. But a year or more ago the police picked them up and said that unless they came up with a large bribe fast they would be arrested for smuggling Iraqi archaeological treasures out of the country. My friends handed over $5,000 in cash and fled to Jordan the same night.
One by one the places I knew best in Baghdad are being destroyed. I used to like to visit the Ghazil bird market in the centre of the city which was open every Friday. Iraqis like birds. They were on sale in the Ghazil market, a disheveled but friendly place in front of an ancient mosque. There were home- made cages filled with canaries and small song birds as well as parrots, doves, pigeons, falcons and every other type of bird. At about 11 am on 26 January a man arrived in the market carrying a cardboard box that was pierced with air holes as if to allow the birds inside to breath. He put down the box and said he was going to get a drink of water. A few moments after he had gone the explosives inside the box detonated killing 15 people and wounding 55 more. A few birds who survived the blast were still chirruping in their cages. There were bedraggled black Shia prayer flags hanging from the building so somebody presumably believed that this was a Shia neighbourhood and few Sunni would be killed or wounded.
If Iraqis believed that President Bush’s famous troop ‘surge’, the dispatch of a further 21,500 American to Iraq announced in January, would stop these massacres then they might welcome the new Baghdad security plan. But they have seen such plans come and go before without result. It is extraordinary that three-and-a-half years after the US captured Baghdad it still controls so little of the city. At the end of January US and Iraqi army soldiers were trying to fight their way intoHaifa Street, a district with a population of 170,000 people that has long been a bastion of Sunni insurgents, though it is less than a mile from the Green Zone. I started reading a New York Times piece about Haifa Street entitled ‘There are Signs That the Tide may be Turning on Iraq’s Street of Fear’ I had found in a file. It seemed to be well-informed but then I noticed that the date of the article was 21 March 2005 and it was an optimistic account of one of the US army’s previous failed offensives in Haifa Street almost two years ago.

As a sane person, I find it rather hard to wrap my head around these horrific tragedies. I mean, I know it’s a war. I’ve seen my share of Otto Dix paintings, watched my uncle Bill, a Viet Nam vet, get all sweaty and weird watching the sampan scene in “Apocalypse Now” and even saw the numbers tattooed on the arm of an elderly woman working at my favorite Italian deli. But to read these words – Cockburn, Fiske, Chomsky – it’s as if I could be hearing mortar rounds falling right here at any moment. I wish I had the economic wherewithal to actually do something useful, but I’m just a little person, a wage slave. All I can do is talk to others, and hope my optimism and love of life will rub off a bit.
I don’t know what else to say right now…

Posted by: Dr. Wellington Yueh | Mar 16 2007 2:55 utc | 46

Frohe Geburtstag, B. Vielen Dank for all your fine work.

Posted by: Monolycus | Mar 16 2007 3:29 utc | 47

You know… to hell with Fitzgerald. There are bigger fish to fry than a grown man named after a muppet. I want to see more of this…
Sen. Pryor: Attorney general lied to Senate

The senator (Leahy, D-VT) went on to say he felt Gonzales and Deputy Attorney General Paul McNulty were less than forthcoming when they attended earlier hearings on the matter.
“I believe that they misled my committee. Whether it was deliberate or not is what we’re going to have to find out,” Leahy said.
Leahy delivered his remarks — and his threat to subpoena members of the Bush administration, including Rove — as Sununu became the first Republican senator to call for Gonzales’ head.
Leahy bristled at the idea that Gonzales and White House counsel Fred Fielding would decide whether to “allow” members of the administration to testify.
In remarks directed toward Fielding, Leahy said, “Frankly, I don’t care whether he says he’s going to allow people or not. We’ll subpoena the people we want. If they want to defy the subpoena, then you get into a stonewall situation I suspect they don’t want to have.”

And as a special bonus to make your Ides of March a little more shiny:
Kucinich Hires Critic of Israel for Hill Panel

Erakat is an outspoken opponent of U.S. foreign policy in Israel. During an appearance last year on the “O’Reilly Factor” on Fox News, host Bill O’Reilly asked Erakat if she wanted to “destroy Israel.” And she replied: “I want to ensure stability, security and freedom for all people, and that is not going to happen with occupation,” but she added that she does “not want to destroy any nation.”
Her former group likens the Israeli occupation of Gaza, the West Bank and East Jerusalem to apartheid in South Africa. Its members are organizing a rally in Washington in June to “protest the 40th anniversary of Israel’s illegal military occupation” of the disputed territories.
In a farewell letter to members of the US Campaign to End the Israeli Occupation, Erakat pledged to help organize the rally and encouraged members to make the trip.
“I hope to see you all in Washington, D.C., in June to tell the world that international law and human rights must prevail in this conflict and that Israeli Apartheid must, and will, end,” she wrote.

Posted by: Monolycus | Mar 16 2007 4:10 utc | 48

I am going to DC in June to join that rally. UFPJ is also organizing it.

Posted by: Susan | Mar 16 2007 4:57 utc | 49

susan :

In a farewell letter to members of the US Campaign to End the Israeli Occupation, Erakat pledged to help organize the rally and encouraged members to make the trip.

If you go and it is ufpj, please report back on how they handle the “protest the 40th anniversary of Israel’s illegal military occupation” part.
I consistently read that ufpj are the folks who most vehemently resist connecting the dots between Israel and the Middle East wars.
That they insist that there is no causal relationship between the US/Israel oppression of the Palestinians over the past four decades and 9/11; and thence with the campaign built upon 9/11 that launched the Iraq and, perhaps soon, the Iran wars.
That they take the line that Israel’s and the US’ actions have no consequences, that the Palestinian resistance is due to the Palestinians shear perversity, and thus that our actions need not (must not!) be considered when considering the war in Iraq.
That theirs is an attempt to co-opt the antiwar sentiment, ride herd on it, keep it away from Israel.

Posted by: John Francis Lee | Mar 16 2007 6:48 utc | 50

Memo To:
George Bush
Andrew Roberts.
Norman Podhoretz
Gertrude Himmelfarb
Mona Charen
Kate O’BeirneWall
Paul Gigot
Irwin Stelzer
Michael Novak
Mark Steyn
Natan Sharansky
Shadia Drury
From: Leo Strauss
Subject: Let’s do lunch.

Irving Kristol (Himmelfarb’s husband) has written in the past about the need to exploit religious and moral concepts in order to manipulate the masses, and his intellectual North Star, has advocated — as Strauss scholar documented — that “those in power must invent noble lies and pious frauds to keep the people in the stupor for which they are supremely fit” — a view Kristol has endorsed. One can see that dynamic powerfully at work in the interaction between these neoconservatives and the President. They have seized upon the President’s evangelical fervor and equated his “calling” to wage war for Good in the world with the neoconservative agenda of endless wars in the Middle East.

Doomsday Book: Bush Literary Lunch Foretells Horrors Ahead

Posted by: DM | Mar 16 2007 10:02 utc | 51

bloggers vs the lobby
a must read

So why do leading politicians line up for “The Bush Doctrine: Take Two”? On the Republican side, it might be explained by a desire to cater to elements of the Christian Right that believe a final showdown with Islam is called for on religious grounds, or to talk-radio listeners who want to nuke the “Islamofascists” because that’s what weapons are made for. Such groups form part of the GOP base. But what of Edwards, what of Hillary Clinton—both eager to be on the record for keeping all options on the table? It’s a question that cannot be truthfully answered without reference to the neuralgic subject of the Israel lobby.
It is a tough issue to address, as Gen. Wesley Clark, a middle-of-the-pack Democratic presidential contender in 2004, recently discovered. Upon reading an Arnaud de Borchgrave column that discussed a then incipient Israeli campaign to pressure Hillary Clinton and other Democrats to “publicly support immediate action by Bush against Iran,” he lost his cool, saying to Arianna Huffington, “How can you talk about bombing a country when you won’t even talk to them? It’s outrageous. We’re the United States of America; we don’t do that.” Pressed by Huffington to explain why he was sure Bush would attack Iran, he answered, “You just have to read what’s in the Israeli press. The Jewish community is divided but there is so much pressure being channeled from the New York money people to the office seekers.”
This was an awkward way to put it; the euphemism surely sounded more contentious than anything Clark might have said straightforwardly. And of course some people chose to ignore Clark’s correct assertion that the Jewish community was very divided on the Iran issue. Within days, the general was in caught in a familiar crossfire, smeared as an instigator of anti-Semitism by some Republican Jewish organizations, his remarks headlined as “Protocols of the New York Money People” by a Wall Street Journal columnist. Soon he was engaged in a humiliating apology and repentance ritual with Abe Foxman of the ADL.
At this point the story could have taken the same path it has virtually every time something similar has happened since 1970—the originator of the “anti-Semitic” gaffe apologizes, some taint remains attached to his name, and everyone is reminded once again of the perils of crossing swords with “the lobby.”
But things took a different course, for significant reasons. It hasn’t yet been established that the blogosphere has changed the nature of American politics in any fundamental way. Obviously it can quickly focus a great deal of attention on something—Trent Lott’s seemingly appreciative remarks on Strom Thurmond’s racial views of 60 years ago, for example—that might have gone completely unnoticed, thus turning Washington into even more of a fishbowl. And some minor lesson can probably be learned from John Edwards’s awkward effort to hire “edgy” left-wing bloggers, with all the unedited vulgarities they bring with them. But blogs may foment serious debate about difficult subjects and change the climate of opinion in meaningful ways. In the aftermath of Herzliya and the Clark episode, it seemed as if this was actually happening.
For within a day or two, one could read in the blogs some surprising assertions that amounted to a truth defense of Wes Clark. It seemed to come primarily from young, or comparatively young, Jewish bloggers. Observations that had been bandied about for years in private seemed to burst forth where many people could see them. This was welcome and suggests a broadening and deepening of the peace movement that so notably failed to stop the Iraq War. Suddenly there were Jewish voices talking about the Israel lobby as an established fact and, to be frank, as a bit of a problem. Significantly, these were not voices from an older and more alienated Chomskyian Left but from an American Prospect-like liberal mainstream.
In early February, Glenn Greenwald, a New York attorney who recently published a book on the Patriot Act, wrote a blog entry that focused on the New York AIPAC gathering attended by both John Edwards and Hillary Clinton. Greenwald quoted an article from the New York Sun—there is no more unimpeachably right-wing Zionist source—that featured Democratic political consultant Hank Sheinkopf’s claim that “New York is the ATM for American politicians. Large amounts of money come from the Jewish community. If … you want dollars from that group, you need to show that you’re interested in the issue that matters most to them.” The issue that matters most, the article went on to say, is Israel, and what this group most wants to hear with regard to Israel is commitment to bellicosity toward Iran. Edwards and Mrs. Clinton did their best to comply, though according to a report in the equally Likud-friendly New York Post, Clinton apparently disappointed some in attendance by suggesting that diplomacy might be attempted before war. “This is the wrong crowd to do that with,” commented one attendee.

con’t..

Posted by: annie | Mar 16 2007 12:11 utc | 52

Thanks for all the birthday wishes – most a bit premature, but you can push that on annie :-).

Posted by: b | Mar 16 2007 12:48 utc | 53

yeah, well last year your wishes were mixed w/our begging for you to not close down the bar, so i wanted to pre empt a possible hangover 🙂
hope all is going swimmingly for you and you are enjoying yourself. thanks for keeping it so groovy around here. big HB hug for ya.

Posted by: annie | Mar 16 2007 13:20 utc | 54

More troops: Report: General requests more troops

The commander of U.S. forces in
Iraq has asked for an additional 2,500 to 3,000 troops to be sent to Iraq as part of the Bush administration’s military buildup to crack down on rising sectarian violence and insurgents, The Boston Globe reported.
Gen. David Petraeus wants another Army combat aviation unit — which would be the sixth Army brigade involved in the buildup — deployed to support the more than 26,000 soldiers already on their way to Iraq

Bush’s initial plans to boost U.S. strength in Iraq, announced in January, called for sending 21,500 extra combat troops but has since grown to include 2,400 more to support them and 2,200 more military police to help with an anticipated increase in detainees and other duties.

21,500+2,400+2,200+2,000= 28,100

Posted by: b | Mar 16 2007 13:59 utc | 55

re: DM’s post at 51-
America is the very incarnation of doom. She will drag the whole world down to the bottomless pit.
Henry Miller, Tropic of Cancer

Posted by: fauxreal | Mar 16 2007 14:05 utc | 56

Blackwater: superbly researched indictment of America’s hired killers

Jeremy Scahill’s brave and outraged “Blackwater: The Rise of the World’s Most Powerful Mercenary Army” renders the story of the Blackwater mercenary group, and other mercenary groups that have seized the economic opportunities opened by the Bush regime’s willingness to offer no-bid contracts and no-liability opportunities to fight America’s wars. Backwater — founded by ultra-right-wing Christian conservatives — hires Pinochet-era Chilean war-criminals, ex-law-enforcement types and former military, and others to serve in Iraq, Afghanistan — and in America. They can and do murder civilians with impunity, they line their pockets with cost-plus multi-billion-dollar military expenditures, and they kill their own men — and the American soldiers they are supposed to be helping — through corner-cutting profiteering.
Scarier still is their deployment on US soil, as with the Katrina disaster, where Blackwater took in millions for shoveling armed men and automatic weapons into the stricken city of New Orleans, where food and health care were impossible to come by but where there was no shortage of ammunition.
Scahill’s book is incredibly, even mind-numbingly well-researched and documented. Framed around the gruesome, vile murder of four of Blackwater’s mercs in Fallujah (Scahill shows that Blackwater sent them to their deaths by skimping on security, support, and intelligence), Scahill works from primary sources, Congressional testimony, on-the-ground reporters, and a wide variety of corroborating evidence to build the case against using hired killers to support American military objectives.

Two quick thoughts…
First… I have always thought that something like these guys would be used when it comes to round up time in Amerika. The soldiers who might refuse to attack their own population will be deployed elsewhere in the world and these mercenaries will step up to do the job.
Second… by what incredibly skewed rationale would anyone use mercenaries… like over in Iraq, when it is ALWAYS in their best interest to PROLONG conflict for a long as possible? Mercenaries are right now in their glory… making more and in more demand than ever. Why would they want a swift outcome in ANY conflict? They’d just go back to the lean times of bodyguarding and training.
Also see, Fresh From Iraq, Private Security Forces Roam the Streets of an American City With Impunity

Posted by: Uncle $cam | Mar 16 2007 15:03 utc | 57

valerie plame live @ the congressional hearings. it is also on c span but this is very clear. they are on a little break right now but it’s interesting.

Posted by: annie | Mar 16 2007 16:13 utc | 58

in all of this protest to gen peter pace’s remarks on the ‘immorality’ of same-sex relations, has anyone thought to ask the general what he finds moral about the invasion, occupation, and destruction of iraqi culture? if, as he stated, “we” should not condone immoral acts, why does he even have an f-ing job?

Posted by: b real | Mar 16 2007 16:16 utc | 59

From Alternet:

Plame questioning stinks of partisanship
Posted by Melissa McEwan on March 16, 2007 at 9:26 AM.
Valerie Plame just finished testifying before the House Oversight and Government Reform Committee, marking the first time she has publicly answered questions about her 2003 outing as a covert CIA operative by White House operatives. Notably, Plame cited the “terrible irony that administration officials were the ones who destroyed my cover” and suggested that others may think twice about working for and with the CIA “if our government cannot even protect my identity.”
At the beginning of the hearing, Committee Chairman Henry Waxman (D-CA) explained that it was not Congress’ job “to determine criminal culpability, but it is out job to determine what went wrong and insist on accountability.” By the end of the session, he was grumbling, “Facts are not Republican or Democratic.”
His consternation followed a shocking display of partisanship, as Republicans questioned at length whether Plame was even covert. Lynn Westmoreland (R-GA) was a particular disgrace, demanding to know whether Plame was a Democrat or a Republican, to which Plame responded, “I am a Democrat.” The hypocrisy of Westmoreland accusing Plame (and her husband) of being partisan hacks during that session would have been laughable if it weren’t so profoundly infuriating.
Tom Davis (R-VA) dismissed the entire thing as “more like a CIA problem than a White House problem.” Plame nonetheless pointed out that it was senior officials at the White House and State Department who “carelessly and recklessly” outed her, that the president promised to remove anyone associated with the leak, but that Karl Rove is still there. Oof.

thanks for the Agee piece (#43) r’giap.

Posted by: beq | Mar 16 2007 16:52 utc | 60

George H.W. Bush on CIA Leakers.
Spread this around. It’s going to become very relevant.
So, Vicki. Why did Scooter lie?
Boy, he must feel like a putz. All he had to do was say, “Sure I told all these people her name and that she worked at the CIA. What of it? I had no idea she was covert.”
But no, he lied to the FBI and landed himself in prison convicted.
And what about Ari? He pooped himself, lawyered up, and cried for immunity.
And even KKKarl withheld information and had to run back and fix it at the last minute to avoid being indicted.
Why, Vicki? Why would all these smart guys make such mistakes?

Posted by: Uncle $cam | Mar 16 2007 18:58 utc | 61

Valerie Plame testifies in CIA leak hearings (part 1)

Posted by: Uncle $cam | Mar 16 2007 19:09 utc | 62

For anyone who has read Joseph Stieglitz, this Asia Times Article on the IMF prescription for America might not seem too far fetched.

The first mandate by the Fund is to ask the US Federal Reserve to raise interest rates by 1,000 basis points (10 percentage points) immediately. While the Fund recognizes that this will throw the economy into a deep recession, it notes that the result would not be worse than what happened to other countries under the IMF program, such as Argentina.
The overriding objective of the IMF program for the US is to change its economic engine from consumption to production. The agency, however, recognizes that it has been a while since Americans produced anything that they would themselves want to buy, let alone anything that the rest of the world would care for. It is therefore recommended that the US focuses mainly on cost advantages against Europe and Japan, and embark on a program to devalue the US dollar immediately.
All of America’s trading partners would need to accept lower US dollar values against their currencies with immediate effect. Adjustments would be proportional to the level of US dollar debt held by those countries. For example, while China would have to accept a 25% revaluation against the US dollar, smaller countries such as Colombia would only need to adjust by 5%. The approach to effectively increasing trade barriers will provide the Fund and the Bank with future customers among the world’s largest economies over the next few years.
US companies will be mandated to localize production so that a minimum of 50% of their sales in the US are made locally. For foreign companies wishing to access the US market, the minimum amount is set at 75%, with the exception of the Japanese, for whom the limit stands at 100%.
The Fund recognizes that expanding local production depends on the availability of labor and thus recommends the opening-up of immigration where required. Removing border controls would be a first step.
Service-sector companies such as banks will need to localize the processing of information to similar limits as mentioned for US manufacturers. This necessarily implies a reduction of outsourcing activities, which the IMF believes will hurt only a limited number of developing countries, such as India, but can be offset by the need to import more immigrants, as explained above. Balancing the government’s budget would be high on the list of the IMF’s priorities.
The Fund proposes that the government achieve budget surpluses around 1% of gross domestic product for the next five years, after which the target would be balanced budgets. It also requires the government to source at least 50% of its funding through long-term bonds, with the balance split evenly between short- and medium-term securities.
The Fund requires the US government immediately to impose a fuel duty of $1 dollar per gallon (26.4 cents a liter) of gasoline as a way of improving overall revenues. The government may also consider a secondary tax on sport-utility vehicles of $2 per gallon. With a view to improving the country’s record on sustainable development, the Bank will require former vice president Al Gore to switch off the electricity at his various homes.
Further cuts to the health-care budget are also required, such as a freeze on hospital costs at 1997 levels, decreased use of government-provided medical insurance, and implementing more lax gun-control laws.
The agencies are also studying significant changes in dietary habits, proposing, for example, the mandatory consumption of fast food and carbonated non-diet soft drinks. In essence, the World Bank expects that reduced longevity would balance the US government’s budget in coming years.
The Fund will advise separately on a rescue program for Japan in coming years, the key objectives of which would be to increase consumption and decrease production. It is also noted that a merger between Japan and the US produces desirable equilibrium for both countries, achieving the IMF’s objectives in both places.
With these proposals, the Fund and Bank are enthusiastic in expecting a gradual recovery of the US economy in the next five to 10 years, while noting that neither entity is accountable nor responsible for alternative outcomes.

Posted by: DM | Mar 17 2007 3:12 utc | 63

This is kind of…….. bizarre? Almost Pythonesque. But real. What a world we live in.
Pakistan president faces open revolt as lawyers take to streets again
· Thousands more protest against judge’s sacking
· Musharraf under pressure at home and abroad
Declan Walsh in Islamabad
Thursday March 15, 2007
The Guardian

Pakistani police officers hit lawyers with batons during a rally in Lahore to protest the sacking of the country’s top judge. Photograph: K M Chaudary/AP
Pakistan’s president, General Pervez Musharraf, is facing one of the most brazen challenges to his seven-year rule, as a battle of wills with the country’s leading judge has escalated into a powerful protest movement that has caught the government by surprise.
For the past week Gen Musharraf has been trying to force the chief justice, Iftikhar Muhammad Chaudhry, a feisty judge with a history of confronting the government, to resign. But in a rare show of defiance by a civilian official, Justice Chaudhry has refused to go, triggering the first big confrontation with the president from the Pakistani establishment.
Enraged lawyers, who have taken to the streets burning effigies of Gen Musharraf and engaging in bloody clashes with the police, kept up their campaign of agitation yesterday. Gen Musharraf’s opponents are promising to bring thousands of protesters on to the streets again tomorrow, when Justice Chaudhry’s case is due to go back to court.
The government accuses Mr Chaudhry of misconduct and misuse of authority, but the allegations have been overshadowed by public anger at the government’s aggressive tactics. The defiant stand has turned the 58-year-old judge into an unlikely popular hero.
“He took a lot of strong decisions to free victims of this government. He is very good,” said Farooq, a barber in Islamabad, as he watched a televised debate yesterday.
The stand is unprecedented. Since Gen Musharraf – a commando by training – seized power in 1999, civilians in the bureaucracy and judiciary have meekly obeyed his orders. Analysts say he has badly miscalculated this time. “It was an arrogant move that has eroded his credibility. Everything that has happened since reeks of panic,” said Abbas Nasir, editor of Dawn newspaper.
Justice Chaudhry irritated the government with a succession of bold decisions. In August he overturned the privatisation of the country’s largest steel mills after corruption allegations surfaced, a decision that stung the prime minister, Shaukat Aziz. More recently he has taken a strong stance on the “disappeared” – hundreds of people who have been illegally abducted by shadowy security forces, held incommunicado without trial, and in some cases tortured.
Gen Musharraf tried to remove his critic last Friday when he summoned Justice Chaudhry to army headquarters in Rawalpindi and asked him to resign. At the same time a new chief justice was being sworn into office at the supreme court in Islamabad. Gen Musharraf plans to secure another five-year term through a controversial electoral gambit later this year, and may need an ally in the judiciary if the move is challenged in court.
But the chief justice refused to resign, triggering a panicked response that further damaged the general’s democratic credentials.

more at the link…

Posted by: Uncle $cam | Mar 17 2007 7:44 utc | 64

Christians in D.C. for war protest

“Millions of people around the world sadly believe this is a Christian war,” said the Rev. Jim Wallis, founder of Sojourners/Call to Renewal, one of the groups sponsoring the event. “We have to clear up the confusion.”
Civil rights historian Taylor Branch, who planned to participate, said it is important for churches to be leaders in the anti-war movement.

Does anyone have the heart to tell these poor lambs that they are four years’ too many mornins’ and four light years behind? And about 650,000 dead Iraqi innocents.
Better late than never.

Posted by: John Francis Lee | Mar 17 2007 8:22 utc | 65

heh JFL,
The GodMen Movement Challenges Men to Become Macho ‘Christian Warriors’
lasciate ogni speranza…

Posted by: dan of steele | Mar 17 2007 8:56 utc | 66

dos:

Or, as the posters for the mall event put it: “GodMen, When Faith Gets Dangerous.”

Yeah, well I smell Xtians here. The kind of folks who pump themselves up for an evenings’s slaughter of infidels listening to Christian Rock before attacking Fallujah.
That’s not what I had in mind.
A few words spoken outloud about the utterly un-Christian, if markedly Xtian, undertaking of aggressive war in Iraq…. before it happened… would have helped.
I just remember talks of “Just War Theory”.

Posted by: John Francis Lee | Mar 17 2007 11:31 utc | 67

And about 650,000 dead Iraqi innocents.
it’s been a long time since that study came out.

Posted by: annie | Mar 17 2007 13:48 utc | 68

Compiled by Daily Star staff
Saturday, March 17, 2007
The US is ready to defend its interests in the Middle East for decades to come, even though the Iraq war has been tougher than expected, Defense Secretary Robert Gates said Friday.
Radical Iraqi Shiite cleric Moqtada al-Sadr urged his followers Friday to oppose occupying troops, raising the pressure on US-backed Iraqi forces conducting a security crackdown in Baghdad.
Gates was speaking at a ceremony where Admiral William Fallon was formally installed as the new head of US Central Command, putting him in charge of US forces in the Middle East and Central Asia.
Gates said the United States will continue to stand by its allies in the region.
The US is “dedicated to strengthening those commitments and defending our interests for the decades to come. And we will do all in our power to protect and defend our homeland,” he said.

Oh, that will get Moqtada al-Sadr on-side.

Posted by: DM | Mar 17 2007 14:15 utc | 69

Hillary Clinton Tries To Woo Voters By Rescinding Candidacy
ya gotta luv the Onion!

Posted by: dan of steele | Mar 17 2007 15:51 utc | 70

Steven Roach chooses the title of a Paul Krugman book for his weekened column:
The Great Unraveling

From bubble to bubble – it’s a painfully familiar saga. First equities, now housing. First denial, then grudging acceptance. It’s the pattern and its repetitive character that is so striking. For the second time in seven years, asset-dependent America has gone to excess. And once again, twin bubbles in a particular asset class and the real economy are in the process of bursting – most likely with greater-than-expected consequences for the US economy, a US-centric global economy, and world financial markets.
Sub-prime is today’s dot-com – the pin that pricks a much larger bubble. Seven years ago, the optimists argued that equities as a broad asset class were in reasonably good shape – that any excesses were concentrated in about 350 of the so-called Internet pure-plays that collectively accounted for only about 6% of the total capitalization of the US equity market at year-end 1999. That view turned out to be dead wrong. The dot-com bubble burst, and over the next two and a half years, the much broader S&P 500 index fell by 49% while the asset-dependent US economy slipped into a mild recession, pulling the rest of the world down with it. Fast-forward seven years, and the actors have changed but the plot is strikingly similar. This time, it’s the US housing bubble that has burst, and the immediate repercussions have been concentrated in a relatively small segment of that market – sub-prime mortgage debt, which makes up around 10% of total securitized home debt outstanding. As was the case seven years ago, I suspect that a powerful dynamic has now been set in motion by a small mispriced portion of a major asset class that will have surprisingly broad macro consequences for the US economy as a whole.

Posted by: b | Mar 17 2007 19:39 utc | 71

“secret handshakes” ???
[snip]
He concedes sometimes politics gets in the way of his ability to maintain friendships with liberals. But on the flip side, he finds that when two Republicans find one another in the Bay Area, there’s often instant and profound camaraderie.
“We have our own code words, secret handshakes,” he said. “And when we recognize one another, it is like finding a long-lost kinsman. The rapport is real. It is comforting and it is sustaining.”

[snip]

Posted by: Rick | Mar 17 2007 20:28 utc | 72

@#72
And the line before the above quote:-
“People like me have a world view that is realistic — that there is this horrible movement of Islamic fascists out there that wants to destroy us — my family and yours,” he said.
The walking wounded of the Strausian noble lies.

Posted by: DM | Mar 17 2007 22:49 utc | 73

#72, 3
That gives new meaning to FDR’s “the only thing we need to fear is fear itself”. People that hysterically paranoid are indeed, the real danger.

Posted by: anna missed | Mar 18 2007 0:43 utc | 74

rick, dm, anna missed:
Those quotes are from Scott Abramson :

Life as a President Bush backer can be lonely in the Bay Area, said neurologist Scott Abramson of San Mateo.

I guess the guy is Jewish and has bought the same bundle of fear sold in Israel to justify the ongoing Palestinian pogrom.
I am not wholly without sympathy for the (willfully?) misled Scott Abramson, but I am much more sympathetic with Mark Crowley :

Mark Crowley of San Ramon is on his way to the White House this week to mark the fourth anniversary of the war in Iraq. He plans to unfurl a flag on the Mall and wave it with pride.
My son did not die in vain,” said Crowley, who left San Francisco last week with the Move America Forward caravan headed for Washington to provide a counterpoint to the big anti-war protests planned for today. At a time when polls are showing a nation turning against its president, and congressional lawmakers are getting louder in their demands for troop withdrawal, war supporters living in the Bay Area are working harder than ever to get their message out.
The Sacramento nonprofit Move For America is on a whistle-stop tour of the country, spreading support for President Bush and his military strategy. They plan to turn the Capitol Mall in Washington into a “flag city” today, in a show of red-white-and-blue opposition to the anti-war rallies that are planned for the same day.
Crowley, reached by phone in the caravan, said he feels increasing support the more miles he puts between himself and the Bay Area.
“The way I see it, there are two ways of handling this situation in Iraq,” Crowley said. “Stand still and die, or take the first shot. Terrorists will come here if we don’t stop them there.”
His 18-year-old son, Marine Lance Cpl. Kyle Crowley, was ambushed by gunmen near Ramadi in 2003, when he rushed to the aid of soldiers who were under sniper fire.
Losing a child has turned some parents into ardent anti-war activists, but for Crowley it has convinced him even more that the United States needs to contain religious extremism from claiming more American troops.
I just wish I could touch him one more time, grab him around the neck and give him a headlock and say ‘I’m sorry. Let’s go fishing,’ ” Crowley said.
More than 3,200 American soldiers have lost their lives in the $400 billion war effort.

The poor guy’s lost his son and is desperately trying to deny the reality of the circumstances of his death.

Posted by: John Francis Lee | Mar 18 2007 3:13 utc | 75

Norway is first Western government to end political and economic boycott of Palestinian government.
Now what’s holding back the rest?

Posted by: Rick | Mar 18 2007 6:23 utc | 76

Senator Waxman’s letter to White House Chief of Staff dated Friday March 16, 2007

Dear Mr. Bolten:
Today, the House Committee on Oversight and Government Reform held a hearing to examine the disclosure by senior White House officials of the identity of covert CIA agent Valerie Plame Wilson. The hearing raised many new questions about the how the White House responded to an extraordinarily serious breach of national security. It also raised new concerns about whether the security practices being followed by the White House are sufficient to protect our nation’s most sensitive secrets.
[snip]…[snip]
Taken as a whole, the testimony at today’s hearing described breach after breach of national security requirements at the White House. The first breach was the disclosure of Ms. Wilson’s identity. Other breaches included the failure of Mr. Rove and other officials to report their disclosures as required by law, the failure of the White House to initiate the prompt investigation required by the executive order, and the failure of the White House to suspend the security clearances of the implicated officials.
To assist the Committee in its investigation into these issues, I request that you provide the Committee with a complete account of the steps that the White House took following the disclosure of Ms. Wilson’s identity (1) to investigate how the leak occurred; (2) to review the security clearances of the White House officials implicated in the leak; (3) to impose administrative or disciplinary sanctions on the officials involved in the leak; and (4) to review and revise existing White House security procedures to prevent future breaches of national security.
I look forward to your response and hope you will cooperate with the Committee’s inquiry.
Sincerely,
Henry A. Waxman
Chairman
cc: Tom Davis
Ranking Minority Member

Posted by: Rick | Mar 18 2007 6:40 utc | 77

rick:
The EU has been shamelessly following the leader (US) in its dealings with the Palestinians.
I don’t know what’s in it for them. They’ve signed up on the Iranian dotted line as well.
Maybe they’ve fallen for promises of a cut of the Oil in Iraq in return for selling out the Palestinians wholesale.

Posted by: John Francis Lee | Mar 18 2007 11:58 utc | 78

This off my newsfeed just now JFL.
Israel for isolating Palestinian government Manorama online 13:42
Palestinians slam Israel’s decision to boycott new unity gov’t Xinhua Online 13:35
IAP president welcomes formation of Palestinian gov”t Kuwait News Agency (KUNA) 13:30
15 to 30 minutes old
Palestinians install new government Columbia Daily Tribune, Missouri 13:14
30 minutes to 1 hour old
Qassam rocket lands south of Ashkelon, no casualties YnetNews 13:12
Israeli citizen enters Jericho, returns to Israel unharmed YnetNews 13:12
Israel unmoved by Hamas-Fatah deal The Toronto Star 13:05
New Palestinian cabinet starts work facing Israel boycott Channel NewsAsia 13:02
Palestinians soften line with new union The Sydney Morning Herald 13:01
Two wrongs don’t make a rights council International Herald Tribune 12:47
Israeli cabinet votes to boycott new Palestinian govt Khaleej Times 12:45
Palestinian parties forge coalition gov’t canada.com 12:25
Palestinian daily to be read in Israel Jerusalem Post 12:14
Israel won’t work with new Palestinian coalition CTV.ca 12:05
The US, Hamas & Democracy in Palestine Islam Online 11:59
EU: Will Work With New Palestinian Government If Conditions Met Nasdaq 11:56
Qassam rocket lands south of Ashkelon YnetNews 11:55
Israel rules out Palestinian peace talks Evening Echo 11:49
Palestinians OK power-sharing program St. Augustine’s Record, Florida 11:47
Israel Boycotts New Palestinian Government Fox News Channel 11:41
Syrian analysts welcome Palestinian unity government Monsters and Critics 11:31
EU will work with Palestinian government, with conditions International Herald Tribune 11:24
Feuding Palestinian parties forge coalition government National Post 11:23
Put end to occupations Waterloo/Cedar Falls Courier, Iowa 11:22
Palestinian Government Is Approved Tuscaloosa News, Alabama 11:19
Meretz MK says shunning Palestinians harms Israel YnetNews 11:17
2 Qassam rockets fired at Israel YnetNews 11:17
MK Tibi says Israeli diplomacy toward Palestinians is a failure YnetNews 11:17
Lift boycott on the Palestinians, says Egypt’s foreign minister The Earth Times 11:03
Israeli cabinet votes to boycott new Palestinian government The Earth Times 11:03
Israeli cabinet votes to boycott new Palestinian government (Extra) Monsters and Critics 11:03
Israel won’t work with Palestinian gov’t (AP) Yahoo! US 10:58
U.S. to keep Palestinian aid ban but allow some contacts ABCNEWS.com 10:53
Israel calls on international community to shun Palestinian govt Belfast Telegraph 10:51
Parliament OKs Hamas-Fatah deal WPMT FOX43, Pennsylvania 10:51
Israel Won’t Work With Palestinian Gov’t Forbes 10:51
U.S. to keep Palestinian aid ban Reuters 10:50
7. Israel Won’t Work With Palestinian Gov’t Examiner 10:50
US to keep Palestinian aid ban but allow some contacts Reuters.co.uk 10:50

Whatever about the EU, Israel needs a big PR attack on Iran, and I think Patraeus et al are saying “NO”

Posted by: Cloned Poster | Mar 18 2007 13:59 utc | 79

Cloned Poster – Thank you for those headlines of the last few hours. Quite simply, I am embarrassed to say that I lack a true understanding of how the world works.
Somehow I have the feeling that corporate elites have got the populations and governments of the whole Western World shanghaied. Surely such factors as global corporate mass media influence, AIPAC money in the U.S., and “Big Oil” throughout the western nations is a big part of this all, but there has to be even more behind the scenes influence, cooperation and control by the elites of global Corporations to allow such disasters to happen with such complacency among nations. What else do the many nations of Western Civilization have in common? Although race and creed (including many other issues from Popes to Patriarchy, as I have often scolded posters for over emphasis) are factors, none of these are main issues, as the latest 100 years of human civilization evolution bears witness to increased horrors regardless of race or creed. These recent horrors are due not only to technology, but also more importantly, I believe because the credo “The business of government is Business” is an unofficial oath that all Western leaders now take. Property has always been a main issue in the human condition, and unfortunately, property theft can be too easily obtained by capitol flows controlled by a Global Corporatism, whether on a grand scale as war, or by more subtler means as through banking, insurance, and other large trade lobbying groups of influence. And such thinking does not under emphasize the recent loss of life and property by our African, Lebanese, Palestinian and Iraqi brothers and sisters. In fact, it illuminates these personal tragedies.
Perhaps this is where I value the input of rgiap and others here at Moon, input you won’t find from firedoglake.com, anti-war.com, dkos, Huffington, Glenn Greenwald or even from academia like Juan Cole. But again I stress that the Amerikan government of today is not the America that our Founders desired. And I emphasis that it is not the “democracy” part of America that was so unique, it was our Constitution that gave us protections from government (notice the past tense ‘gave’ instead of present tense ‘gives’), protections from a democratic population, as well as the tyranny experienced from the likes of George Bush. Corporatism is now a tyranny that has evolved through our own democratic making. The seeds of this global tyranny evolution were probably planted long before America as a nation existed. One needs only look at the East India Trading Company for an example. And tyranny can evolve from the left or the right, dictatorship or democracy, from liberals or conservatives.
Our leaders will not, and probably cannot, do much to change this tyranny. Only the people, working together from all nations, can stop this global tyranny. The Internet is a gift technology has brought us and the people of the world must use this gift to come together somehow. People must work together to preserve their nations and cultures, along with the dignity and rights we all deserve as individuals. I applaud Bernhard and others here for their work. And with so many throughout the World cooperating this weekend in anti-war protests, this is something that surely can encourage us all toward further possibilities.

Posted by: Rick | Mar 18 2007 16:23 utc | 80

Rick,
amen, brother, amen.

Posted by: dan of steele | Mar 18 2007 17:46 utc | 81

CP that lists says it all…
The US+EU are the same wavelength on this matter (now), as they were (then) for Yugoslavia; they need or want a pious, legit looking, toehold ‘in’, or close to, the ME. The Israelis live off that, literally, so must perform, with murder, hate, paranoia, checkpoints, aggression, occupation, etc.
A deathly symbiosis, with controller and controlled playing a dancing game, perpetually exchanging roles…
It is, finally, colonalism, of the Nth type, not named as such.

Posted by: Noirette | Mar 18 2007 17:51 utc | 82

following a suggestion at Glenn Greenwald I signed up for digg and immediately something jumped out at me upon visiting the site.
a perfect segue into Rick’s plea is this House Resolution that would bring some Glasnost to our government.
Waxman gets one right every now and then

Posted by: dan of steele | Mar 18 2007 17:53 utc | 83

The increasing militarization of the U.S. counter-terrorism campaign is not just a matter of funding; it also involves personnel decisions.
Over the last several years, the Bush administration has appointed a current or former military commander to virtually every senior post in the U.S. counter-terrorism campaign.
Air Force Gen. Michael V. Hayden now heads the CIA; retired Navy Vice Adm. John Scott Redd is in charge of the National Counterterrorism Center; and the White House just appointed retired Navy Vice Adm. J. Michael McConnell as director of national intelligence. Last month, the administration tapped Dell L. Dailey, an Army lieutenant general and director of the Center for Special Operations at MacDill Air Force Base, as the State Department’s ambassador-at-large for counter-terrorism.

LAT: In terrorism fight, diplomacy gets shortchanged

Posted by: b | Mar 18 2007 18:01 utc | 84

Jesus General has a new post up that is on topic with what some of us are discussing here.

Posted by: dan of steele | Mar 18 2007 20:02 utc | 85

Regarding the Jesus’ General article (dan of steel’s reference, post #85):
Austine Cline makes some valid points available for discussion regarding American hypocrisy but he actually just touches the surface and misstates the issue. I’m not sure it is simply a matter of “American” corporations trading with our “enemies” or ripping Americans off. Who exactly are our “enemies” anyhow? For example, I thought the previous sanctions against Iraq were immoral on their face. Nor would I criticize trades with Sudan, Cuba, Iran or anyone else (or corporation) in these countries necessarily to be labeled as a ‘bad’ thing. ‘What is being traded’, ‘Why it is being traded’, and ‘How fairly is it being traded’ is of primary importance. If oil for food or medicine was being traded with Iraq under Saddam, why is that ‘bad’ just because Iraq was our ‘enemy’? Again, I take little stock in moral relativism or collective punishment.
With current technology, it appears that the world is constantly growing smaller and it is definitely more interconnected. Again, the intertwining of Corporations and Governments, and the many successful efforts of hiding modern usury or profits as seen in all forms of international finance, marketing and trade, are primary issues. We “the people” are moving to nothing less than economic enslavement on a global scale.

Posted by: Rick | Mar 18 2007 21:33 utc | 86

Belated happy birthday from me, b. Older and wiser…
This weekend’s FT: John Authers: Bankers are taking over where Marx left off:

Sometimes the stuff of populist politicians, or even revolutionary theorists, can look a lot like investment strategy. Look at a pressing subject for investors: inequality.
Who, for example, said this? “Society as a whole is more and more splitting up into two great hostile camps, into two great classes directly facing each other.”
And who said this? “The World is dividing into two blocs – the Plutonomy and the rest. The US, UK and Canada are the key Plutonomies – economies powered by the wealthy. Continental Europe… and Japan are in the egalitarian bloc.”
The first is from Karl Marx and Friedrich Engels’ Communist Manifesto, the second from a strategy note by Ajay Kapur, until recently the chief global equity strategist for Citigroup, the world’s biggest bank.

Last week brought the news from the US Mortgage Bankers Association that sub-prime delinquency rates were rising fast. That sparked a renewed sell-off in world stocks.
“Prime” mortgages did not suffer anything like as much. Several Wall Street banks took the opportunity of their quarterly results to deny they had significant sub-prime exposures – although many traders remain unconvinced.
But the risk is plain. If sub-prime losses eventually lead to losses by big banks, and for the investors who hold securities ultimately backed by sub-prime loans, the troubles of “poor America” could yet have a dire effect on the finances of the wealthy. Karl Marx’s theories will not be necessary – if it happens this way, capitalism will have done the job.

Posted by: Dismal Science | Mar 18 2007 21:59 utc | 87


Kristof: US should stop biting tongue on Israel

Whether they have “learned to muzzle themselves” or they “just don’t get it,” US politicians should stop biting their tongues when it comes to Israel, New York Times columnist Nicholas D. Kristof argues in Sunday’s paper.
“Democrats are railing at just about everything President Bush does, with one prominent exception: Bush’s crushing embrace of Israel,” Kristof writes.
And since “[t]here is no serious political debate among either Democrats or Republicans about our policy toward Israelis and Palestinians,” Kristof believes, the “silence harms America, Middle East peace prospects and Israel itself.”
“Within Israel, you hear vitriolic debates in politics and the news media about the use of force and the occupation of Palestinian territories,” Kristof notes. “Yet no major American candidate is willing today to be half as critical of hard-line Israeli government policies as, say, Haaretz, the Israeli newspaper.”
According to Kristof, “Hard-line Israeli policies have profoundly harmed that country’s long-term security by adding vulnerable settlements, radicalizing young Palestinians, empowering Hamas and Hezbollah, isolating Israel in the world and nurturing another generation of terrorists in Lebanon. The Israeli right’s aggressive approach has only hurt Israeli security, just as in much the same way that Bush’s invasion of Iraq ended up harming U.S. interests.”

US ‘ready’ for non-Hamas contacts

The US says it has decided that it will have contact with some of the new ministers in the Palestinian unity government, sworn in on Saturday.
…..
The BBC’s Matthew Price in Jerusalem says the international boycott of the Palestinian government appears to be weakening, with a number of countries saying they will deal with at least some of the ministers in the new cabinet.

Posted by: annie | Mar 18 2007 22:42 utc | 88

Mid-East package diplomacy

Diplomatic momentum has been building in the Middle East to try to solve some of the region’s most intractable problems together, as a kind of four-part package deal.
It is an ambitious plan to tackle four burning issues simultaneously:
* Preventing Iraq from collapsing into violent anarchy
* Creating a power-sharing Palestinian government
* Reviving an Arab-Israeli peace plan
* Breaking the political deadlock in Lebanon
Does it all sound too good to be true? The package is still a work in progress, but some of its elements are already in place.
One is last month’s Mecca agreement to end the violent clashes between the two main Palestinian factions, Hamas and Fatah.
Brokered by the Saudis, the agreement is designed to bring about a Palestinian government of national unity, something the two factions finalised on 15 March.
Rescue plan
A second step was the Baghdad conference on 10 March.
Last Updated: Wednesday, 14 March 2007, 18:01 GMT
E-mail this to a friend Printable version
Analysis: Mid-East package diplomacy
By Roger Hardy
BBC Middle East analyst
Funeral in Iraq
The catastrophe of Iraq is top of a crowded Middle East agenda
Diplomatic momentum has been building in the Middle East to try to solve some of the region’s most intractable problems together, as a kind of four-part package deal.
It is an ambitious plan to tackle four burning issues simultaneously:
* Preventing Iraq from collapsing into violent anarchy
* Creating a power-sharing Palestinian government
* Reviving an Arab-Israeli peace plan
* Breaking the political deadlock in Lebanon
Does it all sound too good to be true? The package is still a work in progress, but some of its elements are already in place.
One is last month’s Mecca agreement to end the violent clashes between the two main Palestinian factions, Hamas and Fatah.
Brokered by the Saudis, the agreement is designed to bring about a Palestinian government of national unity, something the two factions finalised on 15 March.
Rescue plan
A second step was the Baghdad conference on 10 March.
This was an attempt to get regional and international players to work together to prevent Iraq’s descent into all-out civil war.
A follow-up conference is due to take place in Istanbul in April.
A third step is the revival of a Saudi initiative – originally agreed at an Arab summit in Beirut in 2002 – to resolve the Arab-Israeli problem.
….
If the package comes together, it will be a sign that the Arab states have been jolted into getting their act together.
It will be a success for Saudi diplomacy, and in particular for the national security adviser Prince Bandar bin Sultan.
A veteran trouble-shooter, the prince has been shuttling around the globe like an Arab Kissinger.
It will also be a sign that Arab leaders, even those closest to Washington, no longer have much faith in a Pax Americana.
Worried by what they see as the Bush administration’s failings, and the new regional power of Iran, the Arabs are struggling to take their destiny into their own hands.

Posted by: annie | Mar 18 2007 22:52 utc | 89

yikes, sorry

Posted by: annie | Mar 18 2007 22:54 utc | 90

This from a link from Little Green PukeBalls today:
http://littlegreenfootballs.com/weblog/?entry=24838_Parade_of_Lunacy_in_Manhattan#comments
Thanks to Urban Infidel (http://urbaninfidel.blogspot.com/) for these pictures of the moonbats acting up. [emphasis added]
I know that it is all probably just coincidence but is using the word “moonbats’ related to us barflies here at Moon of Alabama?

Posted by: Rick | Mar 19 2007 4:05 utc | 91

@Rick (#91)
“Moonbats” is a generic pejorative term for leftists. Doesn’t refer to us here specifically.

Posted by: Monolycus | Mar 19 2007 6:11 utc | 92

The term “moonbat” was effectively used to help make short-lived the ideas and candidacy of Jerry Brown on the national level. He became mayor of Oakland and is now AG in California, I believe, after having been governor previously. His ideas were too leftwing for the dems who chose Clinton. He was sort of a “spiritual” leftist, having studied under the Jesuits. The term “moonbat” stuck on him too easily. He was heavily in to energy conservation and simpler living, crazy ideas like that!!

Posted by: ww | Mar 19 2007 8:22 utc | 93