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marmar
marmar's Journal
marmar's Journal
March 30, 2012
from NOWToronto:
Disappearing Toronto
The real danger of undervaluing our historical architecture
By Enzo Di Matteo
Heritage preservation is in trouble in Hogtown.
Developers filling the sky with cranes to erect ever-taller glass condo towers seem to care enough about heritage to go to great expense to save the facades of notable buildings and incorporate others into their designs. Its at least a nod to the value of our architectural history.
But our entire planning system is more geared to the idea that bigger is better than to preservation. Heritage concerns are typically excluded from the broader planning and development process. At the political level, elected officials are largely unaware of the environmental benefits and economic value of protecting Torontos built past.
We have heritage policies, but theyre frequently not enforced. .............(more)
The complete piece is at: http://www.nowtoronto.com/news/story.cfm?content=185978
Disappearing Toronto: The real danger of undervaluing our historical architecture
from NOWToronto:
Disappearing Toronto
The real danger of undervaluing our historical architecture
By Enzo Di Matteo
Heritage preservation is in trouble in Hogtown.
Developers filling the sky with cranes to erect ever-taller glass condo towers seem to care enough about heritage to go to great expense to save the facades of notable buildings and incorporate others into their designs. Its at least a nod to the value of our architectural history.
But our entire planning system is more geared to the idea that bigger is better than to preservation. Heritage concerns are typically excluded from the broader planning and development process. At the political level, elected officials are largely unaware of the environmental benefits and economic value of protecting Torontos built past.
We have heritage policies, but theyre frequently not enforced. .............(more)
The complete piece is at: http://www.nowtoronto.com/news/story.cfm?content=185978
March 30, 2012
from YES! Magazine:
When Bankers Rule the World
How we can call out the myths, restructure the banking system, shut down the con game, and take back America.
by David Korten
posted Mar 29, 2012
The tell-all defection of Greg Smith, a former Goldman Sachs executive, provided an insiders view of the moral corruption of the Wall Street banks that control of much of Americas economy and politics. Smith confirms what insightful observers have known for years: the business purpose of Wall Street bankers is to maximize their personal financial take without regard to the consequences for others.
Wall Streets World of Illusion
Why has the public for so long tolerated Wall Streets reckless abuses of power and accepted the resulting devastation? The answer lies in a cultural trance induced by deceptive language and misleading indicators backed by flawed economic theory and accounting sleight-of hand. To shatter the trance we need to recognize that the deception that Wall Street promotes through its well-funded PR machine rests on three false premises.
Wall Street aggressively promotes these fallacies as guiding moral principles. Their embrace by Wall Street insiders helps to explain how they are able to reward themselves with obscene bonuses for their successful use of deception, fraud, speculation, and usury to steal wealth they have had no part in creating and yet still believe, as Goldman CEO Lloyd Blankfein famously proclaimed, that they are doing Gods work. .....................(more)
The complete piece is at: http://www.yesmagazine.org/blogs/david-korten/when-bankers-rule-the-world
David Korten: When Bankers Rule the World
from YES! Magazine:
When Bankers Rule the World
How we can call out the myths, restructure the banking system, shut down the con game, and take back America.
by David Korten
posted Mar 29, 2012
The tell-all defection of Greg Smith, a former Goldman Sachs executive, provided an insiders view of the moral corruption of the Wall Street banks that control of much of Americas economy and politics. Smith confirms what insightful observers have known for years: the business purpose of Wall Street bankers is to maximize their personal financial take without regard to the consequences for others.
Wall Streets World of Illusion
Why has the public for so long tolerated Wall Streets reckless abuses of power and accepted the resulting devastation? The answer lies in a cultural trance induced by deceptive language and misleading indicators backed by flawed economic theory and accounting sleight-of hand. To shatter the trance we need to recognize that the deception that Wall Street promotes through its well-funded PR machine rests on three false premises.
1. We best fulfill our individual moral obligation to society by maximizing our personal financial gain.
2. Money is wealth and making money increases the wealth of the society.
3. Making money is the proper purpose of the individual enterprise and is the proper measure of prosperity and economic performance.
2. Money is wealth and making money increases the wealth of the society.
3. Making money is the proper purpose of the individual enterprise and is the proper measure of prosperity and economic performance.
Wall Street aggressively promotes these fallacies as guiding moral principles. Their embrace by Wall Street insiders helps to explain how they are able to reward themselves with obscene bonuses for their successful use of deception, fraud, speculation, and usury to steal wealth they have had no part in creating and yet still believe, as Goldman CEO Lloyd Blankfein famously proclaimed, that they are doing Gods work. .....................(more)
The complete piece is at: http://www.yesmagazine.org/blogs/david-korten/when-bankers-rule-the-world
March 30, 2012
from truthdig:
Liberty and Health Care for All
Posted on Mar 29, 2012
By Bill Boyarsky
In a bare basement law school classroom last week, four students argued the merits and weaknesses of the health care act. It was an exercise no doubt replicated around the country as legal scholars warmed up for the U.S. Supreme Courts three-day hearing on the law this weekthe most searching examination of federal power in decades.
Several miles away at a community health clinic, restaurant workers, gardeners, housekeepers, car washers, nannies, day laborers and others of the low paid who keep Los Angeles running were being given medical care, as were their families. The long-term future of their care awaited the Supreme Courts decision.
The USC Gould School of Laws moot court and the Venice Family Clinic offered me enlightening looks at the legal, medical and humanitarian issues involved in this case. The moot court was a useful briefing on what would be discussed by the Supreme Court. The clinic demonstrated the impact of the health care case on the ground.
Barbara Siegel, whom I had met when she was a lawyer representing the poor, had invited me to attend her law schools moot court on the constitutionality of the law. Three lawyers, including Carlos Moreno, a retired justice of the California Supreme Court, heard the arguments of students representing the federal government and the state of Florida, one of the plaintiffs before the Supreme Court. ................(more)
The complete piece is at: http://www.truthdig.com/report/item/liberty_and_health_care_for_all_20120329/
Liberty and Health Care for All
from truthdig:
Liberty and Health Care for All
Posted on Mar 29, 2012
By Bill Boyarsky
In a bare basement law school classroom last week, four students argued the merits and weaknesses of the health care act. It was an exercise no doubt replicated around the country as legal scholars warmed up for the U.S. Supreme Courts three-day hearing on the law this weekthe most searching examination of federal power in decades.
Several miles away at a community health clinic, restaurant workers, gardeners, housekeepers, car washers, nannies, day laborers and others of the low paid who keep Los Angeles running were being given medical care, as were their families. The long-term future of their care awaited the Supreme Courts decision.
The USC Gould School of Laws moot court and the Venice Family Clinic offered me enlightening looks at the legal, medical and humanitarian issues involved in this case. The moot court was a useful briefing on what would be discussed by the Supreme Court. The clinic demonstrated the impact of the health care case on the ground.
Barbara Siegel, whom I had met when she was a lawyer representing the poor, had invited me to attend her law schools moot court on the constitutionality of the law. Three lawyers, including Carlos Moreno, a retired justice of the California Supreme Court, heard the arguments of students representing the federal government and the state of Florida, one of the plaintiffs before the Supreme Court. ................(more)
The complete piece is at: http://www.truthdig.com/report/item/liberty_and_health_care_for_all_20120329/
March 29, 2012
Naomi Klein, Arun Gupta, William Grieder, Frances Fox Piven, Doug Henwood on the Economic Crisis
March 29, 2012
(Bloomberg) Consider the following numbers: 2.2, 62.8, 454, 5.9. Drawing a blank? Not to worry. They dont mean much on their own.
Now consider them in context:
For the moment, Nos. 1 and 2 are helping No. 3 and creating a big problem for No. 4. Unless Treasury does something about No. 2, Nos. 1 and 3 will become liabilities while No. 4 has the potential to provoke a crisis.
In plain English, the Treasurys reliance on short-term financing serves a dual purpose, neither of which is beneficial in the long run. First, it helps conceal the depth of the nations structural imbalances: the difference between what it spends and what it collects in taxes. Second, it puts the U.S. in the precarious position of having to roll over 71 percent of its privately held marketable debt in the next five years -- probably at higher interest rates. ..................(more)
The complete piece is at: http://www.bloomberg.com/news/2012-03-28/four-numbers-add-up-to-an-american-debt-disaster.html
Four Numbers Add Up to an American Debt Disaster
(Bloomberg) Consider the following numbers: 2.2, 62.8, 454, 5.9. Drawing a blank? Not to worry. They dont mean much on their own.
Now consider them in context:
1) 2.2 percent is the average interest rate on the U.S. Treasurys marketable and non-marketable debt (February data).
2) 62.8 months is the average maturity of the Treasurys marketable debt (fourth quarter 2011).
3) $454 billion is the interest expense on publicly held debt in fiscal 2011, which ended Sept. 30.
4) $5.9 trillion is the amount of debt coming due in the next five years.
2) 62.8 months is the average maturity of the Treasurys marketable debt (fourth quarter 2011).
3) $454 billion is the interest expense on publicly held debt in fiscal 2011, which ended Sept. 30.
4) $5.9 trillion is the amount of debt coming due in the next five years.
For the moment, Nos. 1 and 2 are helping No. 3 and creating a big problem for No. 4. Unless Treasury does something about No. 2, Nos. 1 and 3 will become liabilities while No. 4 has the potential to provoke a crisis.
In plain English, the Treasurys reliance on short-term financing serves a dual purpose, neither of which is beneficial in the long run. First, it helps conceal the depth of the nations structural imbalances: the difference between what it spends and what it collects in taxes. Second, it puts the U.S. in the precarious position of having to roll over 71 percent of its privately held marketable debt in the next five years -- probably at higher interest rates. ..................(more)
The complete piece is at: http://www.bloomberg.com/news/2012-03-28/four-numbers-add-up-to-an-american-debt-disaster.html
March 29, 2012
OMAHA, Neb. The main producer of "pink slime" and the politicians defending the company will have a hard time persuading consumers and grocery stores to accept the product, even if the processed beef trimmings are as safe as the industry insists.
Three governors and two lieutenant governors plan to tour Beef Products Inc.'s plant in South Sioux City, Neb., Thursday afternoon to show their support for the company and the several thousand jobs it creates in Nebraska, Iowa, Kansas, South Dakota and Texas.
Beef Products, the main producer of the cheap lean beef made from fatty bits of meat left over from other cuts, has drawn extra scrutiny because of concerns about the ammonium hydroxide it treats meat with to slightly change the acidity of the beef and kill bacteria. The company suspended operations at plants in Texas, Kansas and Iowa this week, affecting 650 jobs, but it defends its product as safe.
While the official name is lean finely textured beef, critics dub it "pink slime" and say it's an unappetizing example of industrialized food production. That term was coined by a federal microbiologist who was grossed out by it, but the product meets federal food safety standards and has been used for years. ..................(more)
The complete piece is at: http://xfinity.comcast.net/articles/news-national/20120329/US.Pink.Slime.Plant.Tour/?cid=hero_media
Big Food and their political sockpuppets encourage Americans to eat Pink Slime
OMAHA, Neb. The main producer of "pink slime" and the politicians defending the company will have a hard time persuading consumers and grocery stores to accept the product, even if the processed beef trimmings are as safe as the industry insists.
Three governors and two lieutenant governors plan to tour Beef Products Inc.'s plant in South Sioux City, Neb., Thursday afternoon to show their support for the company and the several thousand jobs it creates in Nebraska, Iowa, Kansas, South Dakota and Texas.
Beef Products, the main producer of the cheap lean beef made from fatty bits of meat left over from other cuts, has drawn extra scrutiny because of concerns about the ammonium hydroxide it treats meat with to slightly change the acidity of the beef and kill bacteria. The company suspended operations at plants in Texas, Kansas and Iowa this week, affecting 650 jobs, but it defends its product as safe.
While the official name is lean finely textured beef, critics dub it "pink slime" and say it's an unappetizing example of industrialized food production. That term was coined by a federal microbiologist who was grossed out by it, but the product meets federal food safety standards and has been used for years. ..................(more)
The complete piece is at: http://xfinity.comcast.net/articles/news-national/20120329/US.Pink.Slime.Plant.Tour/?cid=hero_media
March 29, 2012
The forty year old elephant, called Baby escaped from circus workers outside the town's busy shopping centre at around 4.50pm.
Footage of the incident shows the giant animal loose in a car park as handlers from Courtney's Circus try to corner her.
However, the attempts are futile as Baby gives them the slip, breaking through a barrier and galloping away into the town. .......(more)
The complete piece is at: http://www.telegraph.co.uk/news/newsvideo/weirdnewsvideo/9172569/Elephant-runs-away-from-circus-in-Ireland.html
And Jumbo said, "F**k this sh*t"
The forty year old elephant, called Baby escaped from circus workers outside the town's busy shopping centre at around 4.50pm.
Footage of the incident shows the giant animal loose in a car park as handlers from Courtney's Circus try to corner her.
However, the attempts are futile as Baby gives them the slip, breaking through a barrier and galloping away into the town. .......(more)
The complete piece is at: http://www.telegraph.co.uk/news/newsvideo/weirdnewsvideo/9172569/Elephant-runs-away-from-circus-in-Ireland.html
March 29, 2012
The Baffler / By Thomas Frank
Thomas Frank: How Americans Have Gotten Played -- Over and Over and Over Again
In the 12 hapless years of this millennium, we have looked on as 3 great bubbles have inflated and burst, each with consequences more dire than the last.
March 28, 2012 |
The following article is an excerpt of a piece that first appeared in The Baffler.
In the twelve hapless years of the present millennium, we have looked on as three great bubbles of consensus vanity have inflated and burst, each with consequences more dire than the last.
First there was the New Economy, a millennial fever dream predicated on the twin ideas of a peoples stock market and an eternal silicon prosperity; it collapsed eventually under the weight of its own fatuousness.
Second was the war in Iraq, an endeavor whose launch depended for its success on the turpitude of virtually every class of elite in Washington, particularly the tough-minded men of the media; an enterprise that destroyed the country it aimed to save and that helped to bankrupt our nation as well.
And then, Wall Street blew up the global economy. Empowered by bank deregulation and regulatory capture, Wall Street enlisted those tough-minded men of the media again to sell the world on the idea that financial innovations were making the global economy more stable by the minute. Central banks puffed an asset bubble like the world had never seen before, even if every journalist worth his byline was obliged to deny its existence until it was too late. .................(more)
The complete piece is at: http://www.alternet.org/news/154735/thomas_frank%3A_how_americans_have_gotten_played_--_over_and_over_and_over_again/
Thomas Frank: How Americans Have Gotten Played -- Over and Over and Over Again
The Baffler / By Thomas Frank
Thomas Frank: How Americans Have Gotten Played -- Over and Over and Over Again
In the 12 hapless years of this millennium, we have looked on as 3 great bubbles have inflated and burst, each with consequences more dire than the last.
March 28, 2012 |
The following article is an excerpt of a piece that first appeared in The Baffler.
The sound banker, alas! is not one who sees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way along with his fellows so that no one can really blame him.
John Maynard Keynes
In the twelve hapless years of the present millennium, we have looked on as three great bubbles of consensus vanity have inflated and burst, each with consequences more dire than the last.
First there was the New Economy, a millennial fever dream predicated on the twin ideas of a peoples stock market and an eternal silicon prosperity; it collapsed eventually under the weight of its own fatuousness.
Second was the war in Iraq, an endeavor whose launch depended for its success on the turpitude of virtually every class of elite in Washington, particularly the tough-minded men of the media; an enterprise that destroyed the country it aimed to save and that helped to bankrupt our nation as well.
And then, Wall Street blew up the global economy. Empowered by bank deregulation and regulatory capture, Wall Street enlisted those tough-minded men of the media again to sell the world on the idea that financial innovations were making the global economy more stable by the minute. Central banks puffed an asset bubble like the world had never seen before, even if every journalist worth his byline was obliged to deny its existence until it was too late. .................(more)
The complete piece is at: http://www.alternet.org/news/154735/thomas_frank%3A_how_americans_have_gotten_played_--_over_and_over_and_over_again/
March 29, 2012
from truthdig:
Forget Fear of Flying, Fear Airport Screening
Posted on Mar 28, 2012
By Amy Goodman
There was terror in the skies this week over Texas, caused not by a terrorist but by a pilota Flight Standards captain, no less. JetBlue Airways Capt. Clay Osbon, flying Flight 191 from New Yorks John F. Kennedy International Airport to Las Vegas, began moving up and down the aisle after the jet was airborne, ranting, according to several passengers, about Iraq, Israel, al-Qaida and bombs, calling on passengers to recite the Lords Prayer, saying that they were all going down. An off-duty pilot in the cabin went to the cockpit to help the co-pilot with the emergency landing, while passengers and crew subdued Osbon. Osbon, whod been with JetBlue almost since its founding, was taken to the hospital, suspended with pay, then criminally charged with interfering with a flight crew.
Thats enough to inspire a fear of flying in anyone. But just getting to your airplane these days may present a greater risk to your health than the actual flight.
New airport security screening technology, primarily backscatter X-ray devices, have come under increased scrutiny, as their effectiveness is questioned amid concerns that the radiation exposure may cause cancer. Adding to health concerns are both the graphic nature of the images captured, essentially nude photos of every person passing through the machine, and the aggressiveand for some, humiliatingnature of the alternative to the scans, the enhanced pat-down by a Transportation Security Administration (TSA) agent.
Republican Sen. Susan Collins introduced a bill that would require independent laboratory testing of the X-ray backscatter machines, exactly what a group of University of California, San Francisco scientists called on the Obama administration to do in April 2010. Responding to the TSA claim (provided by the manufacturer, Rapiscan) that the radiation dose is less than the dose one receives from eating one banana, professor John Sedat and others wrote: While the dose would be safe if it were distributed throughout the volume of the entire body, the dose to the skin may be dangerously high. ... There is good reason to believe that these scanners will increase the risk of cancer to children and other vulnerable populations [including pregnant women]. When this risk is multiplied over 700 million annual travelers, Michael Love, Ph.D., the manager of the Johns Hopkins School of Medicine X-ray facility, told Discover magazine, someone is going to get skin cancer. The European Union has banned the machines. ..............(more)
The complete piece is at: http://www.truthdig.com/report/item/forget_fear_of_flying_fear_airport_screening_20120328/?ln
Amy Goodman: Forget Fear of Flying, Fear Airport Screening
from truthdig:
Forget Fear of Flying, Fear Airport Screening
Posted on Mar 28, 2012
By Amy Goodman
There was terror in the skies this week over Texas, caused not by a terrorist but by a pilota Flight Standards captain, no less. JetBlue Airways Capt. Clay Osbon, flying Flight 191 from New Yorks John F. Kennedy International Airport to Las Vegas, began moving up and down the aisle after the jet was airborne, ranting, according to several passengers, about Iraq, Israel, al-Qaida and bombs, calling on passengers to recite the Lords Prayer, saying that they were all going down. An off-duty pilot in the cabin went to the cockpit to help the co-pilot with the emergency landing, while passengers and crew subdued Osbon. Osbon, whod been with JetBlue almost since its founding, was taken to the hospital, suspended with pay, then criminally charged with interfering with a flight crew.
Thats enough to inspire a fear of flying in anyone. But just getting to your airplane these days may present a greater risk to your health than the actual flight.
New airport security screening technology, primarily backscatter X-ray devices, have come under increased scrutiny, as their effectiveness is questioned amid concerns that the radiation exposure may cause cancer. Adding to health concerns are both the graphic nature of the images captured, essentially nude photos of every person passing through the machine, and the aggressiveand for some, humiliatingnature of the alternative to the scans, the enhanced pat-down by a Transportation Security Administration (TSA) agent.
Republican Sen. Susan Collins introduced a bill that would require independent laboratory testing of the X-ray backscatter machines, exactly what a group of University of California, San Francisco scientists called on the Obama administration to do in April 2010. Responding to the TSA claim (provided by the manufacturer, Rapiscan) that the radiation dose is less than the dose one receives from eating one banana, professor John Sedat and others wrote: While the dose would be safe if it were distributed throughout the volume of the entire body, the dose to the skin may be dangerously high. ... There is good reason to believe that these scanners will increase the risk of cancer to children and other vulnerable populations [including pregnant women]. When this risk is multiplied over 700 million annual travelers, Michael Love, Ph.D., the manager of the Johns Hopkins School of Medicine X-ray facility, told Discover magazine, someone is going to get skin cancer. The European Union has banned the machines. ..............(more)
The complete piece is at: http://www.truthdig.com/report/item/forget_fear_of_flying_fear_airport_screening_20120328/?ln
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