Tags: Ali Rıza Bey, historical photograph, Istanbul, religious conflict, Turkey
(CDN) ISTANBUL, April 23 (CDN) — After a final court hearing in Israel last week, a church of Messianic Jews awaits a judge’s decision that could force an ultra-orthodox Jewish organization to publicly apologize to them for starting a riot and ransacking a baptismal service.
Tags: 1939, historical photograph, housing, Oklahoma, rental property, Russell Lee
Tags: Republicans, RNC, wasteful spending, your tax dollars at work
Four hundred and thirty-six members of the House of Representatives and 100 senators are each paid a base salary of $174,000 (don’t let’s even discuss their health care benefits). Additionally taxpayers pay staff salaries for each House member and senator well in excess of $500,000. It costs taxpayers well over two million dollars per day that Congress is in session.
Where is the outrage by Republicans at the astonishing waste of taxpayer money to have Congress spend yet more time writing and passing legislation because the Republican Party is unable to stop itself from deliberating misleading American voters?
Tags: politics, racism, tea partiers, teabaggers
Imagine that hundreds of black protesters were to descend upon Washington DC and Northern Virginia, just a few miles from the Capitol and White House, armed with AK-47s, assorted handguns, and ammunition. And imagine that some of these protesters —the black protesters — spoke of the need for political revolution, and possibly even armed conflict in the event that laws they didn’t like were enforced by the government? Would these protester — these black protesters with guns — be seen as brave defenders of the Second Amendment, or would they be viewed by most whites as a danger to the republic? What if they were Arab-Americans? Because, after all, that’s what happened recently when white gun enthusiasts descended upon the nation’s capital, arms in hand, and verbally announced their readiness to make war on the country’s political leaders if the need arose.
Go read the rest.
Tags: 1933, financial reform, Glass-Steagall, Paul Volker, S.3217
I have been having a bit of trouble ratcheting up any enthusiasm for the floridly named “Restoring American Financial Stability Act of 2010” (S.3217). There seems to me to be altogether too much vagueness and not enough actual regulation.
Numerian has an illuminating post suggesting the following points which are fleshed out in detail over at The Agonist:
- A bank license should be extended only to those financial institutions that are in the business of lending, not the business of broking or securities underwriting.
- A bank should not be allowed to engage in broking or securities underwriting.
- A bank may conduct trading only in the service of its clients, not as a stand-alone speculative venture or for the purpose of structuring complex deals.
- No bank should be too big to fail.
- All derivatives need to be traded on registered exchanges, with daily publication of marks and transparency of open interest.
- To be truly independent, the risk management function in financial institutions must report to the board of directors.
- Hedge funds and private equity businesses must be regulated by the government.
- The Federal Reserve regulatory function should be abolished.
- The revolving door between government and financial companies must be constrained.
- No financial company may lobby the Congress.
Apparently much could be accomplished simply by reinstating the Glass-Steagall Act of 1933, which would prohibit banks from owning and trading risky securities, but last October the Obama administration put the kibosh to it, although they are now talking about “limiting” that kind of activity.
UPDATE: Yeah, what Ed said.
Tags: Bill Moyers, Bll Moyers, Economy, financial fraud, financial markets, financial reform, William K. Black
Last week William Black, author and professor of economics and law at the University of Missouri, testified before the House Financial Services Committee with regard to the financial industry. On April 23, 2010 he sat down with Bill Moyers:
Vodpod videos no longer available.
The more I hear about the current “financial reform” legislation, the less I am convinced it is going to address any of the real problems.
Thank you, Bill Moyers. You will be missed.
Tags: arizona, Arizona Senate Bill 1070, immigration, politics, racial profiling, racism
Effective in late July or August 2010, Arizona police will have the right to arrest anyone they suspect is not a citizen or legal immigrant. But the fine folks of the Arizona legislature aren’t satisfied with simply having police hassle anyone who doesn’t “look right.” They have made it a crime to leave home without proof of immigration status. The penalty is six months in jail and a fine of up to $2,500.
The first time it’s a misdemeanor but “repeat offenses would be a felony.”
Does anyone else get the feeling that some Arizonans want all non-Caucasians to permanently leave the state?
You can read the full text of the law here.
UPDATE: This is what the people of Arizona have to look forward to:
Vodpod videos no longer available.
Tags: abortion, arizona, Brad Henry, Oklahoma, US Constitution, vaginal probe
What’s going on in Oklahoma is more hair-raising than the attempt by certain Arizonans to drive every non-Caucasian out of the state.
Last Monday the Oklahoma legislature passed five grossly punitive bills to punish and humiliate women who seek legal abortions. The most outrageous requires the doctor to perform a procedure that is not medically necessary — the insertion of a vaginal probe to take pictures of the fetus to show the mother so she understands that she is a murderous bitch.
And of course, the cost of this rape is not paid for by the
State of Oklahoma. Oh, no. Women in Oklahoma would be forced to pay the expense of their own physical violation.
Another of the bills would make it legal for a doctor to withhold information from a pregnant woman about fetal abnormalities which might cause her to seek an abortion, and the woman would be barred from suing.
Fortunately the governor vetoed those two bills. The bills that he did sign require the posting of signs stating it is against the law for anyone to force a woman to have an abortion and that an abortion will not be performed until the woman gives her voluntary consent. Word is that the veto will likely be overridden.
There is no hell hot enough for the Oklahoma legislature.
Tags: politics, taxes, Tea Party, teabaggers, The Other 95%, The Other 98%
I don’t know who the people are behind The Other 95 98% (not to be confused with a couple biologists who got to the domain name first and well worth a visit) but I appreciate the pushback. It’s insane (what else is new?) that a fringe movement as full of hate and ignorance as the teabaggers (ahem) tea-partiers can so dominate the public conversation.
Tags: economic crisis, Economy, financial reform, House Financial Services Committee, House of Representatives, politics, William K. Black
The someone is William K. Black, Associate Professor of Economics and Law at the University of Missouri, Kansas City School of Law, a white-collar criminologist and former financial regulator. He told the House Financial Services Committee what few others are willing to say about the financial meltdown and the need for a serious change in attitude.
Thanks to Firedoglake for the video.