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FOCUS | The "Hindenburg Trap": Dump Oil, Coal & Gas Stocks if You Want to Retire Print
Sunday, 08 March 2015 12:13

Cole writes: "If you are still fairly young and you or your pension fund bought a lot of petroleum or gas or coal stocks in hopes of retiring on them, think again. You will lose your shirt."

A coal-fired power plant in Texas. (photo: AP)
A coal-fired power plant in Texas. (photo: AP)


The "Hindenburg Trap": Dump Oil, Coal & Gas Stocks if You Want to Retire

By Juan Cole, Informed Comment

08 March 15

 

hat is the actual value of the oil, gas and coal fields owned by big energy corporations, which gives them their stock price and allows them to be counted as assets for borrowing purposes?

The real value of those hydrocarbon resources is zero.

Or actually it is much less than zero, since there are likely to be a lot of liability lawsuits and insurance claims for severe environmental and property damage. Coal, oil and gas are now where the cigarette companies were in 1990, on the verge of getting hit with massive penalties. Big Coal and Big Oil are dead men walking.

The only thing that stops the entire world economy, including that of the United States, from collapsing is that investors continue to pretend that what I just said is not true. Because of this pretense, some people will go on making a lot of money with hydrocarbon investments in the short and perhaps even the medium term. Much investment and assignment of value is a matter of confidence.

But the confidence is misplaced. If you are still fairly young and you or your pension fund bought a lot of petroleum or gas or coal stocks in hopes of retiring on them, think again. You will lose your shirt.

Worse, because so many loans and other investments are anchored by the supposed value of coal, oil and gas, the world is walking an economic tightrope and the gentlest of breezes could knock it off into a crisis that would make 2008-2009 look like a minor hiccup.

In particular, if a sizable ice shelf breaks off in the Antarctic, you could see a sudden sea level rise that would panic the public and possibly lead some countries to outlaw things like coal and gas.

The Bank of England is doing a big study of this problem, which economists call that of “stranded assets.” That is a fancy phrase for when you invest in something that suddenly loses its value.

For instance, say you invested in Blockbuster Video Entertainment, Inc., when people used to rent DVD’s of movies from brick and mortar stores. In 2006 it seemed a good stock to buy– it had 9000 stores and 60,000 employees (almost as many as there are coal miners). And then streaming video came along. Stranded asset. Blockbuster went bankrupt in 2010 and survives only as a streaming service of Dish satellite television, which bought it and was gradually forced to liquidate all the stores.

The same thing will happen to coal, oil and natural gas, for two big, inexorable reasons. First, burning hydrocarbons is fatal to the health of our planet– in terms of the energy it releases, it is like setting off atomic bombs constantly. After a while that would take a toll. Second, other far less destructive ways of generating electricity are every day becoming cheaper and more efficient, especially wind and solar.

That coal as an industry is a bad investment should be obvious. The Obama Environmental Protection Agency has decided finally to start actually enforcing the Clean Air and Water Act, and has also claimed the right to regulate states’ carbon dioxide emissions (in which it has been upheld by the Supreme Court). Most coal plants will likely close over the next five years. Can you say, Blockbuster Video? I’d dump those coal stocks, like yesterday, or call my pension fund and make them drop them.

Of course, there was already a social conscience argument against investing in coal, which is dirty– burning it emits mercury (a nerve poison) and other dangerous pollutants and makes people sick. It also causes acid rain. And it is a major emitter of carbon dioxide, the deadliest poison of all. It is a horrible thing.

Let’s consider what has happened in Iowa just since 2005.

In 2005, wind generated 4% of Iowa’s electricity. Coal was responsible for a whopping 79%, about 4/5s.

In 2013, wind generated 28% of Iowa’s electricity. Coal had fallen to only 59%.

Given those trend lines, in such a short period of time, does coal look like a good investment to you? Or does wind? Especially since we know what the EPA is planning for coal.

Coal isn’t just competing with wind. The conservative Deutsche Bank has just concluded that in 14 states of the US, solar power is now as inexpensive as that from coal and natural gas. Right now. That is, it would be crazy to build a new coal plant today when you could generate electricity just as cheaply with solar.

And get this: by 2016– next year! — Deutsche Bank concludes that solar will be competitive with coal and natural gas in all but three or four states. And that is not an argument based on subsidies for solar. It will be as inexpensive as coal-generated electricity just purely on a market basis (in fact, it will be even cheaper, since there are massive government subsidies for coal, gas and oil).

Critics say that the wind dies down sometimes and the sun doesn’t shine on half the earth at night. This problem is referred to as that of “intermittency.” But it isn’t an insoluble problem. For one thing, the wind often blows more at night, so turbines can take up the slack from solar plants. For another, there are now molten salt solar installations that go on generating electricity for six hours after sunset. As batteries improve in efficiency and fall in price (both things are happening already, big time), the problem of intermittency will fade into insignificance, likely within a decade.

Another drag is that the electricity grid in many states needs to be redone. Wires need to be laid from the Thumb in Michigan where the wind is to the Detroit metropolitan area where most of the electricity is used. But it really is a relatively minor expense, and since the fuel for wind turbines is free, it would pay for itself fairly quickly. That is just a matter of having a state government that is on the ball and sees where the future profits are to be made. Cheap wind- and solar- generated electricity will allow factories to save money on energy and make their products more inexpensively, allowing them to compete on the world market. A solar facility is helping power the Volkswagon plant in Chattanooga. They’re not paying for coal or gas to produce that portion of their power, because the sunlight is free, and that will make their cars more competitive in price. Some buyers may throw their business to Volkswagen because they are greener. All factory owners will quickly move in this direction over the next few years.

So there isn’t any doubt about it. Buying stocks in coal, gas and oil companies is like buying stocks in zeppelins. They are outmoded and prone to crashing and burning, a Hindenburg waiting to happen. (Zeppelins were good investments once, too; they carried tens of thousands of people across the Atlantic and the top of the Empire State Building was designed to anchor them; but they became a stranded asset.)

It is therefore absolutely amazing that institutions of higher education like Harvard often refuse to divest from oil, gas and coal companies. The science and the economics are clear as day– burning hydrocarbons is disastrous for a city like Boston over time, and holding stranded assets is a one way ticket to bankruptcy court. I couldn’t tell you whether this decision is made out of short-sightedness or out of ethical and moral corruption (universities live nowadays on donors’ donations and don’t want to anger generous alumni who make their living purveying coal, gas and oil).

But those hydrocarbon stocks, and loans made on the basis of those worthless assets, are endangering the economic health of us all. Buying and holding them is the equivalent of refusing to vaccinate your children against measles. It is an individual decision that imperils the rest of the public. You and I may not be able to do much about the Koch brothers’ hold on state legislatures, or about the mysterious insidiousness of the Harvard regents. But most of us have some say in what stocks are in our pension funds or 401ks. There shouldn’t be any coal, gas or oil securities in there. Unless you like the idea of working backbreaking minimum wage jobs into your 80s.


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FOCUS | 3 Ways We Can Stop Violence Against Women and Girls Print
Sunday, 08 March 2015 10:23

Clinton writes: "From domestic violence to sexual harassment, human trafficking to harmful practices such as female genital mutilation/cutting, far too many women in far too many places face violence or threats of violence on a daily basis."

Chelsea Clinton. (photo: Jake Chessum/Parade)
Chelsea Clinton. (photo: Jake Chessum/Parade)


3 Ways We Can Stop Violence Against Women and Girls

By Chelsea Clinton, Reader Supported News

08 March 15

 

iolence against women and girls is an epidemic of global proportions. Transcending geographic borders, economic and social class, religion and ethnicity, violence impacts women of all ages, in all communities around the world.

From domestic violence to sexual harassment, human trafficking to harmful practices such as female genital mutilation/cutting, far too many women in far too many places face violence or threats of violence on a daily basis. Today, estimates show that nearly 1 in 3 women has experienced some form of physical and/or sexual violence - an astounding and unacceptable statistic and one of the most challenging barriers to women's full participation.

Freedom from violence is a fundamental human right as critical to individual health and well-being as it is to our collective growth and prosperity. According to a recent estimate, intimate partner violence imposes an economic drag of one to nearly to four percent of GDP across a variety of countries. Failing to prevent and respond to violence against women means that we are failing to provide our communities, our economies - and ourselves - with the opportunity to thrive.

On Friday, Feb. 20, the Clinton Foundation's No Ceilings: The Full Participation Project hosted a group of leading experts, practitioners and organizations working to address violence against women. Our panelists included Jimmie Briggs, co-founder of Man Up; Dorchen Leidholdt, director of the Center for Battered Women's Legal Services at Sanctuary for Families in New York City; and Christine Jaworsky, senior manager of grants and programs for Avon and the Avon Foundation's Speak Out Against Domestic Violence program. I was honored to moderate. During our conversation, we discussed what works in efforts to address and eliminate violence against women and girls, both locally - right here in New York City - and globally. Together we highlighted three key ideas that can help create lasting solutions to prevent violence and accelerate progress:

Teach Early and Often

One of the most important steps to preventing violence is changing the often long-held social norms and perceptions that perpetuate it. Much like learning a foreign language - the earlier you start the easier it is to master. For Jimmie Briggs, this means "we have to shift more of our efforts to focus on the 'life cycle;'" teaching young boys and girls to break from the perceptions of violence that they begin to learn early in their homes and communities. Some of Man Up's new efforts working with young students in India will test these theories and provide much needed data on how early interventions can create lasting change.

Think Locally

While discussing the role of private sector commitment to the issue of violence, Christine Jaworsky noted the importance of promoting solutions that can be tailored to the specific and diverse needs of women, their families and their communities. Some of the greatest solutions to the global challenge of gender-based violence are those that begin locally, taking into account the uniqueness of a community and its stakeholders. The Clinton Health Access Initiative's (CHAI) couples counseling program in Papua New Guinea is a great example; in a region that has some of the highest rates of HIV and intimate partner violence, CHAI staff worked with local partners to develop a unique couples counseling program for pregnant women and their husbands to both reduce partner violence and promote greater access to health resources for women and their families. The program is location-specific but the lessons are both scalable and adaptable.

Engage the "Unusual" Suspects

The causes, forms and effects of violence are diverse and so our solutions must be diverse. As Dorchen Leidholdt noted, "We won't be successful without forging alliances with unusual but necessary partners." We must engage men, the military, universities, and the faith community. We must work with economists, doctors, public health professionals, advertisers, entertainment executives and other 'unusual suspects.' We must harness grassroots and policy level action, driven equally by energy and by evidence, to create strong allies who will stand up against violence.

We're making significant progress, yet major gaps remain. While legal protections to address domestic and intimate partner violence have grown significantly over the last twenty years, reporting of both remains low and enforcement is often lacking. Social norms are shifting but the process can be slow and uneven. In order to celebrate and scale the gains, as well as understand where and why the gaps persist, we must continue to share with one another what works and what doesn't. Our conversation on Friday was just one such convenings. We must continue to work together and learn together so that we can create dynamic and lasting solutions to end violence against women and girls, in all its forms, both here and around the world.

With our conversation series, No Ceilings has been working to bring diverse individuals, organizations, and stakeholders together to discuss these challenges and learn about the gains and gaps that exist for women and girls today. On Monday, March 9, my mother, Melinda Gates, and I will host our largest convening yet - the launch of our Full Participation Report, an analysis of 20 years' worth of data from over 190 countries that will give a clear picture on the status of gender equality today. We hope that this event will be an opportunity to celebrate the significant progress we have made over the last 20 years, while shining a light on the gaps we need to close to reach full participation in the next 20 years.

Please stay tuned for more information and please let us know if you have suggestions, thoughts and ideas around what has or might work to overcome the barriers that still remain to full participation.



Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News.

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The Republican Ambush on Worker's Basic Rights Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=7122"><span class="small">Elizabeth Warren, Reader Supported News</span></a>   
Sunday, 08 March 2015 07:55

Warren writes: "Republicans claim they're concerned about workers being able to 'ambush' their employers with workplace elections. That's just plain nonsense. Let's be honest - the only ambush here is the Republican ambush on worker's basic rights."

Elizabeth Warren. (photo: Timothy D. Easley/AP)
Elizabeth Warren. (photo: Timothy D. Easley/AP)


The Republican Ambush on Worker's Basic Rights

By Elizabeth Warren, Reader Supported News

08 March 15

 

t every turn, organized labor has been there, fighting on behalf of the American people.

But today, instead of implementing policies that strengthen the middle class, Republicans in Congress are pushing a bill to stop the National Labor Relations Board from modernizing its procedures because it just might help – yes, I said help – America’s workers.

The only way we’ll stop this from happening is by raising our voices as loudly as possible. Join me right now to tell Congress to let the NLRB do its job.

Coming out of the Great Depression, America’s labor unions helped build America’s strong middle class. For half a century, as America’s union membership went up, America’s median family income went up, and that was true for families whether they were part of a union or not.

Since 1935, Congress has required the National Labor Relations Board to oversee the workplace elections in which workers decide whether to be represented by a union. More than 90 percent of the time when there’s an election, it all goes smoothly. Employees and employers agree about the process, and an election is held without dispute. Done.

But, in the remaining cases, the rules on how to resolve these concerns have turned into a mess. Over time, a hodgepodge of different rules for resolving these disputes emerged in each of the country’s 26 NLRB regions.

To fix this, the NLRB recently finalized national rules that set out the procedures for resolving pre-election issues and conducting elections. In other words, the NLRB is trying to make dispute resolution clearer, more efficient and more consistent from region to region. This is good for workers.

Trying to make government work better shouldn’t be controversial. But it is controversial. Why? Because some employers like the broken tangled rules. They have learned that they can game the system and oppose union votes all together. They don’t want the NLRB to work, so they are lobbying against these new rules.

And Congressional Republicans are standing up for them, advancing a proposal to stop the NLRB from implementing its final rules.

We can’t let Congress promote an inefficient system that gives employers room to manipulate the process and block workers from organizing. Join me right now to tell Congress: Let the NLRB do its job.

Republicans claim they’re concerned about workers being able to “ambush” their employers with workplace elections. That’s just plain nonsense.

Let’s be honest – the only ambush here is the Republican ambush on worker’s basic rights.

According to a 2011 study from the Berkeley Center for Labor Research and Education, long election delays correspond with higher rates of labor law violations. A delay gives anti-union employers more time to retaliate against union organizers and to intimidate workers.

So it comes down the question I’ve asked before: who does this Congress work for?

Republicans say government should keep on working for employers who don’t like unions and who have figured out how to exploit a tangled system. They complain about government inefficiencies, but then they introduce a bill that is specifically designed so that a broken, inefficient system will stay broken and inefficient – even when we know how to fix it.

But we weren’t sent here just to represent employers who don’t like unions. We’re here to support working people who just want a fighting chance to level the playing field.

Join me right now to tell Congress to let the NLRB do its job.



Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News.

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The Gangsters of Ferguson Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=27654"><span class="small">Ta-Nehisi Coates, The Atlantic</span></a>   
Sunday, 08 March 2015 07:52

Coates writes: "The residents of Ferguson do not have a police problem. They have a gang problem. That the gang operates under legal sanction makes no difference. It is a gang nonetheless, and there is no other word to describe an armed band of collection agents."

Ferguson, Missouri. (photo: Scott Olson/Getty Images)
Ferguson, Missouri. (photo: Scott Olson/Getty Images)


The Gangsters of Ferguson

By Ta-Nehisi Coates, The Atlantic

08 March 15

 

Darren Wilson was innocent. If only the city's cops offered their own citizens the same due process he received.

esterday the Justice Department released the results of a long and thorough investigation into the killing of Michael Brown by Officer Darren Wilson. The investigation concluded that there was not enough evidence to prove a violation of federal law by Officer Wilson. The investigation concluded much more. The investigation concluded that physical evidence and witness statements corroborated Wilson's claim that Michael Brown reached into the car and struck the officer. It concluded that claims that Wilson reached out and grabbed Brown first "were inconsistent with physical and forensic evidence."

The investigation concluded that there was no evidence to contradict Wilson's claim that Brown reached for his gun. The investigation concluded that Wilson did not shoot Brown in the back. That he did not shoot Brown as he was running away. That Brown did stop and turn toward Wilson. That in those next moments "several witnesses stated that Brown appeared to pose a physical threat to Wilson." That claims that Brown had his hands up "in an unambiguous sign of surrender" are not supported by the "physical and forensic evidence," and are sometimes, "materially inconsistent with that witness’s own prior statements with no explanation, credible for otherwise, as to why those accounts changed over time."

Unlike the local investigators, the Justice Department did not merely toss all evidence before a grand jury and say, "you figure it out." The federal investigators did the work themselves and came to the conclusion that Officer Wilson had not committed "prosecutable violations under the applicable federal criminal civil rights statute, 18 U.S.C. § 242."

Our system, ideally, neither catches every single offender, nor lightly imposes the prosecution, jailing, and fining of its citizens. A high burden of proof should attend any attempt to strip away one's liberties. The Justice Department investigation reflects a department attempting to live up to those ideals and giving Officer Wilson the due process that he, and anyone else falling under our legal system, deserves.

One cannot say the same for Officer Wilson's employers.

The Justice Department conducted two investigations—one looking into the shooting of Michael Brown, and another into the Ferguson Police Department. The first report made clear that there was no prosecutable case against one individual officer. The second report made clear that there was a damning case to be made against the system in which that officer operated:

Ferguson’s law enforcement practices are shaped by the City’s focus on revenue rather than by public safety needs. This emphasis on revenue has compromised the institutional character of Ferguson’s police department, contributing to a pattern of unconstitutional policing, and has also shaped its municipal court, leading to procedures that raise due process concerns and inflict unnecessary harm on members of the Ferguson community. Further, Ferguson’s police and municipal court practices both reflect and exacerbate existing racial bias, including racial stereotypes. Ferguson’s own data establish clear racial disparities that adversely impact African Americans. The evidence shows that discriminatory intent is part of the reason for these disparities...

Partly as a consequence of City and FPD priorities, many officers appear to see some residents, especially those who live in Ferguson’s predominantly African-American neighborhoods, less as constituents to be protected than as potential offenders and sources of revenue...

The "focus on revenue" was almost wholly a focus on black people as revenue. Black people in Ferguson were twice as likely to be searched during a stop, twice as likely to receive a citation when stopped, and twice as likely to be arrested during the stop, and yet were 26 percent less likely to be found with contraband. Black people were more likely to see a single incident turn into multiple citations. The disparity in outcomes remained "even after regression analysis is used to control for non-race-based variables."

One should understand that the Justice Department did not simply find indirect evidence of unintentionally racist practices which harm black people, but "discriminatory intent”—that is to say willful racism aimed to generate cash. Justice in Ferguson is not a matter of "racism without racists," but racism with racists so secure, so proud, so brazen that they used their government emails to flaunt it.

The emails including "jokes" depicting President Obama as a chimp, mocking how black people talk ("I be so glad that dis be my last child support payment!"), depicting blacks as criminals, welfare recipients, unemployed, lazy, and having "no frigging clue who their Daddies are.” This humor—given the imprimatur of government email—resulted in neither reprimand, nor protest, nor even a polite request to refrain from reoffending. "Instead," according to the report, "the emails were usually forwarded along to others."

One should resist the urge to clutch pearls and carp about the "mean people" of Ferguson. Bigoted jokes are never really jokes at all, so much as a tool by which one sanctifies plunder. If black people in Ferguson are the 47 percent—a class of takers, of immoral reprobates, driving up crime while driving down quality of life—then why should they not be "the sources of revenue?" In this way a racist "joke" transfigures raw pillage into legal taxation. The "joke" is in fact an entire worldview that reveals that the agents of plunder, the police, are in fact not plundering anyone at all. They are just making sure the reprobates pay their fair share.

That is precisely what Ferguson's officials told federal investigators:

Several Ferguson officials told us during our investigation that it is a lack of “personal responsibility” among African-American members of the Ferguson community that causes African Americans to experience disproportionate harm under Ferguson’s approach to law enforcement. Our investigation suggests that this explanation is at odd with the facts.

On the contrary the investigation "revealed African Americans making extraordinary efforts to pay off expensive tickets for minor, often unfairly charged, violations, despite systemic obstacles to resolving those tickets." And while the investigation found no lack of "personal responsibility" among black residents of Ferguson, it did find that the very same people making the charge were often busy expunging fines for their friends:

  • In August 2013, an FPD patrol supervisor wrote an email entitled “Oops” to the Prosecuting Attorney regarding a ticket his relative received in another municipality for traveling 59 miles per hour in a 40 miles-per-hour zone, noting “[h]aving it dismissed would be a blessing.” The Prosecuting Attorney responded that the prosecutor of that other municipality promised to nolle pros the ticket. The supervisor responded with appreciation, noting that the dismissal “[c]ouldn’t have come at a better time.”

  • Also in August 2013, Ferguson’s Mayor emailed the Prosecuting Attorney about a parking ticket received by an employee of a non-profit day camp for which the Mayor sometimes volunteers. The Mayor wrote that the person “shouldn’t have left his car unattended there, but it was an honest mistake” and stated, “I would hate for him to have to pay for this, can you help?” The Prosecuting Attorney forwarded the email to the Court Clerk, instructing her to “NP [nolle prosequi, or not prosecute] this parking ticket.”

  • In November 2011, a court clerk received a request from a friend to “fix a parking ticket” received by the friend’s coworker’s wife. After the ticket was faxed to the clerk, she replied: “It’s gone baby!”

  • In March 2014, a friend of the Court Clerk’s relative emailed the Court Clerk with a scanned copy of a ticket asking if there was anything she could do to help. She responded: “Your ticket of $200 has magically disappeared!” Later, in June 2014, the same person emailed the Court Clerk regarding two tickets and asked: “Can you work your magic again? It would be deeply appreciated.” The Clerk later informed him one ticket had been dismissed and she was waiting to hear back about the second ticket.
  • It must noted that the rhetoric "personal responsibility" enjoys not just currency among the white officials of Ferguson, but among many black people ("black-on-black crime!") who believe that white supremacy is a force with which one can negotiate. But white supremacy—as evidenced in Ferguson—is not ultimately interested in how responsible you are, nor how respectable you look. White supremacy is neither a misunderstanding nor a failure of manners. White supremacy is the machinery of Galactus which allows for the potential devouring of everything you own. White supremacy is the technology, patented in this enlightened era, to ensure that what is yours inevitably becomes mine.

    This technology has proven highly effective throughout American history. In 1860 it meant the transformation of black bodies into more wealth than all the productive capacity of this country combined. In the 1930s it meant the erection of our modern middle class. In Ferguson, it meant funding nearly a quarter of the municipal budget:

    The City has not yet made public the actual revenue collected that year, although budget documents forecasted lower revenue than 10 was budgeted. Nonetheless, for fiscal year 2015, the City’s budget anticipates fine and fee revenues to account for $3.09 million of a projected $13.26 million in general fund revenues...

    In a February 2011 report requested by the City Council at a Financial Planning Session and drafted by Ferguson’s Finance Director with contributions from Chief Jackson, the Finance Director reported on “efforts to increase efficiencies and maximize collection” by the municipal court. The report included an extensive comparison of Ferguson’s fines to those of surrounding municipalities and noted with approval that Ferguson’s fines are “at or near the top of the list....” While the report stated that this recommendation was because of a “large volume of non-compliance,” the recommendation was in fact emphasized as one of several ways that the code enforcement system had been honed to produce more revenue.

    The men and women behind this policy did not approach their effort to "produce more revenue" somberly, but lustily. As the fruits of plunder increased, Ferguson officials congratulated and backslapped each other:

    In one March 2012 email, the Captain of the Patrol Division reported directly to the City Manager that court collections in February 2012 reached $235,000, and that this was the first month collections ever exceeded $200,000. The Captain noted that “[t]he [court clerk] girls have been swamped all day with a line of people paying off fines today. Since 9:30 this morning there hasn’t been less than 5 people waiting in line and for the last three hours 10 to 15 people at all times.” The City Manager enthusiastically reported the Captain’s email to the City Council and congratulated both police department and court staff on their “great work.”

    It is a wonder they did not hand out bonuses. Perhaps they did. The bonus of being white in Ferguson meant nigh-immunity from plunder. The bane of being black in Ferguson meant nigh-inevitable subjugation under plunder. Plunder is neither abstract nor theoretical. Plunder injures, maims, and destroys. Indeed the very same people who were calling on protestors to remain nonviolent were, every hour, partner to brutality committed under the color of law:

    We spoke with one African-American man who, in August 2014, had an argument in his apartment to which FPD officers responded, and was immediately pulled out of the apartment by force. After telling the officer, “you don’t have a reason to lock me up,” he claims the officer responded: “N*****, I can find something to lock you up on.” When the man responded, “good luck with that,” the officer slammed his face into the wall, and after the man fell to the floor, the officer said, “don’t pass out motherf****r because I’m not carrying you to my car.”

    The residents of Ferguson do not have a police problem. They have a gang problem. That the gang operates under legal sanction makes no difference. It is a gang nonetheless, and there is no other word to describe an armed band of collection agents.

    John Locke knew:

    The injury and the crime is equal, whether committed by the wearer of a crown, or some petty villain. The title of the offender, and the number of his followers, make no difference in the offence, unless it be to aggravate it. The only difference is, great robbers punish little ones, to keep them in their obedience; but the great ones are rewarded with laurels and triumphs, because they are too big for the weak hands of justice in this world, and have the power in their own possession, which should punish offenders. What is my remedy against a robber, that so broke into my house?

    What are the tools in Ferguson to address the robber that so regularly breaks into my house? One necessary tool is suspicion and skepticism—the denial of the sort of the credit one generally grants officers of the state. When Darren Wilson shot Michael Brown there was little reason to credit his account, and several reasons to disbelieve it. The reason is not related to whether Michael Brown was "an angel" or not. The reasons are contained in a report rendered by the highest offices of the American government. Crediting the accounts of Ferguson's officers is a good way to enroll yourself in your own plunder and destruction.

    Government, if its name means anything, must rise above those suspicions and that skepticism and seek out justice. And if it seeks to improve its name it must do much more—it must seek out the roots of the skepticism. The lack of faith among black people in Ferguson's governance, or in America's governance, is not something that should be bragged about. One cannot feel good about living under gangsters, and that is the reality of Ferguson right now.

    The innocence of Darren Wilson does not change this fundamental fact. Indeed the focus on the deeds of alleged individual perpetrators, on perceived bad actors, obscures the broad systemic corruption which is really at the root. Darren Wilson is not the first gang member to be publicly accused of a crime he did not commit. But Darren Wilson was given the kind of due process that those of us who are often presumed to be gang members rarely enjoy. I do not favor lowering the standard of justice offered Officer Wilson. I favor raising the standard of justice offered to the rest of us.


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    After Netanyahu Speech, Congress Is Officially High School Print
    Saturday, 07 March 2015 15:30

    Taibbi writes: "The applause from members of the House and Senate was so over the top, it recalled the famous passage in the Gulag Archipelago about the apparatchik approach to a Stalin speech: 'Never be the first one to stop clapping.'"

    John Boehner and Benjamin Netanyahu. (photo: Mandel Ngan/AFP/Getty Images)
    John Boehner and Benjamin Netanyahu. (photo: Mandel Ngan/AFP/Getty Images)


    After Netanyahu Speech, Congress Is Officially High School

    By Matt Taibbi, Rolling Stone

    07 March 15

     

    ears ago, when I was just starting in this business, I had the privilege to meet a well-known muckraker and columnist. I asked him the secret of his success.

    "Two things," he said. "One: when you're hammered after a night out, drink an entire liter of water before you go to bed. An entire liter, do you understand? Otherwise the whole next work day is shot."

    "An entire liter," I said. "Got it."

    "Second, never write about Israel. It just pisses people off. No matter what you say, you lose half your Rolodex."

    I frowned. How he could ignore such an important topic? Didn't he care?

    "Son," he said, "we're prostitutes. We don't enjoy the sex."

    Mainly by accident, I sort of ended up following that advice, but I did watch the Benjamin Netanyahu speech and its aftermath this week. A few thoughts on one of the more unseemly scenes Congress has cooked up in a while:

    First of all, the applause from members of the House and Senate was so over the top, it recalled the famous passage in the Gulag Archipelago about the apparatchik approach to a Stalin speech: "Never be the first one to stop clapping."

    Watching it, you'd almost have thought the members were experiencing a similar terror of being caught looking unenthusiastic. I say almost because in reality, it's a silly thought, in a democracy: nobody's getting taken out back and shot for showing boredom.

    But then, no kidding at all, a gif apparently showing Rand Paul clapping with insufficient fervor rocketed around social media.

    It got enough attention that the Washington Post wrote about it and Paul himself had to issue a statement on Fox and Friends denying he wasn't clapping really, really hard. "I gave the Prime Minister 50 standing ovations. I co-sponsored bringing him here," Paul pleaded. Is the Internet age beautiful or what?

    But the telescreens weren't just watching the Republicans. Cameras also captured Nancy Pelosi looking somewhat south of enraptured during the speech.

    Those photos only circulated more after she said she was "near tears" because she was saddened by Netanyahu's speech, which she termed an "insult to the intelligence of the United States."

    This in turn led to more social media avalanching and a cartoonish response from South Carolina Senator Lindsey Graham, who told a donor at a fund-raiser: "Did you see Nancy Pelosi on the floor? Complete disgust. . .If you can get through all the surgeries, there's disgust!"

    Ladies and gentlemen, welcome to the U.S. Senate! If Kathy Griffin ever bombs out on Fashion Police, Graham will have a job waiting for him.

    After Bloomberg traitorously reported on Graham's locker-room joke about Pelosi's face, a storm of criticism from Democrat members raged and the Senator was forced to walk his comments back ("I made a poor attempt at humor," he said, in what is looking like the go-to lawyer-drafted apology line of our times).

    All of this preening and adolescent defiance, all these bitchy homeroom-style barbs and insults: has the U.S. government ever seemed more like high school? 

    Indiana Republican Jackie Walorski apparently thinks school's still in. This is her reacting after Netanyahu's speech, according to Slate:

    "Wooh, baby! That was awesome!"

    Around the world, not everyone was so enthused. Several Israeli diplomats took to Twitter to voice their concerns over Netanyahu's appearance. (Everybody tweeted about this speech. There were more Iranian officials on Twitter Tuesday than there were sportswriters at the Super Bowl).

    Yigal Caspi, Israel's ambassador to Switzerland, retweeted a line from an Israeli journalist: "Is it no longer possible to suffice in scaring us here in Hebrew? [Netanyahu] has to fly all the way to the US Congress and tell them in English how dangerous Iran's nuclear program is?"

    Caspi and two other diplomats got the ax for their social media responses to the speech. Meanwhile, British journalist Jeremy Bowen got caught in the Twitter Punji-trap when he made a comment about Elie Wiesel, the author and Holocaust survivor who sat in the Speaker's box with Netanyahu's wife, Sara.

    A safe joke to make about Wiesel's presence probably would have been something along the lines of, "I guess that book Elie was planning on co-writing with Barack Obama is on hold." The BBC's Bowen went in a different direction, bluntly declaring that Netanyahu was "playing the Holocaust card" by bringing the Nobel laureate and camp survivor.

    Instantly accused of anti-Semitism and Holocaust denial, Bowen and the BBC insisted that he was just using "journalistic shorthand," and that the wording was appropriate because Netanyahu was raising the "specter of another Holocaust." As of this writing, Twitter warriors are still feasting on Bowen's head and should have him skeletonized by nightfall.

    Nobody came out of this week looking good. Regardless of where you stood on a possible nuclear deal with Iran, the whole episode this week made the American government look like what some in the Iranian press apparently called it: a clown show.

    Once upon a time, the opposition party pursuing a second line of foreign policy for domestic political purposes was considered unseemly.

    Think candidate Dick Nixon submarining the 1968 Vietnam Peace talks behind LBJ's back, or the fabled October Surprise conspiracy theory. This was something one did in secret, preferably in trench coats instead of ties, with no press at all present, unless you count Sy Hersh's future sources.

    But this was like the October Surprise as a pay-per-view MMA event. That this sleazy scheme was cooked up mainly for the political gain of both the hosts and the speaker (who faces an election in two weeks) was obvious in about a hundred different ways, beginning with the fact that the speech was apparently timed so that Israeli audiences could watch it over dinner.

    But the gambit only sort of worked for Netanyahu, whose Likud Party has experienced only a modest bounce since the speech, if it got one at all. American news outlets humorously had different takes on the same polls showing Likud gaining one or two seats (HuffPo: "Netanyahu's Popularity Rises After Speech to U.S. Congress: Polls"; Washington Post: "Netanyahu's Speech to Congress Fails to Jolt Electoral Needle At Home").

    Similarly, if the move had any benefit to the Republicans in congress, it was hard to perceive. Nobody in the media drew a link between Bibi's speech and the Republicans' surrender on the Homeland Security funding bill, but on some level there must have been one.

    You can't invite a foreign leader into the House Gallery to accuse a sitting president of being soft on terrorism in an event covered by 10 million journalists, and then turn around the same week and defund the president's Homeland Security department over some loony immigration objective.

    Even worse, the decision to try to conduct their own foreign policy in the shadow of the White House went over so badly with American voters, it actually gave Barack Obama a 5-point sympathy bump in his approval rating.

    Put it all together, and the Republicans' big rollout this week had to be the most self-defeating political pincer move since the Judean Peoples' Front sent their Crack Suicide Squad to the rescue in Life of Brian.

    This was a week that made everyone look bad: congress, the media, Netanyahu, the Tweeting Supreme Leader in Iran, everyone. Obama only came out looking OK because he mostly stayed off camera and kept his mouth shut.

    Mostly, however, it was just a depressing, circus-like demonstration of how schizoid and dysfunctional Washington politics have become. The logical next step after a caper like this is the opening of Republican and Democratic embassies abroad. Let's hope it's a long time before anyone tries this again.

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