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« Hey you D.C. hypocrites, listen up. | Main | The hollow man. Pt. LXVII. »

08/26/2011

Weekend reading.

Arrest over tar sands protest at WH 
Arrests at White House of demonstrators protesting proposed 900,000 bbl/day tar sands pipeline.

Total of 275 people have been arrested outside WH protesting Keystone XL pipeline to carry Alberta tar sands oil to Texas Gulf Coast refineries. (ThinkProgress)

Why your kid doesn't need a costly laptop for school. (Michael Oliveira, Toronto Star, ParentCentral.ca)

Goldman Sachs logo  Barclays 2  UBS  BofA logo  Citi logo Chase logo Morgan Stanley logo 

Near-deadbeat taxpayer-rescue beneficiaries, all.

Always remember, the Tea Party rage began with anger at the Wall Street bailouts. Tough to disagree with them on that part. Only by force of a court judgment upholding a Freedom of Information Act demand, the Fed has just released copious data on the stunning extent to which Uncle Sam bailed out everything with the word "bank" in its name, circa 2008-09 - even as certain banks were lying to the public and regulators that they were rock solid. Total cost to the people: $1.2 trillion, plus the hasty $700-billion Congressional bailout in the Bush regime's last hours. (Bradley Keoun and Phil Kuntz, Bloomberg) Yup, even super-profitable Goldman Sachs, even Britain's Barclays PLC, and don't even ask about Swiss mega-bank, mega-mess UBS - all of them were on the precipice before Uncle Sam rescued the future ingrates, no matter the revisionism they indulge in now.

Dick Cheney 
Cheney, in new memoir, defends waterboarding, also says he urged bombing of Syria. But not of Denmark and Berkeley, oddly enough. (NYT, Politico, Drudge Report) I hope the U.S. consumer spending strike extends to this shameless self apologia, in which everyone's a dick except Dick and his drugstore-smut novelist wife, Lynne. The only story I want to hear from Cheney is his court testimony in D.C. or The Hague defending himself on charges of being a disgrace to humanity. No, the 2000s were not the Holocaust. But somehow I can imagine only Hannah Arendt doing a proper job of chronicling Cheney's lunatic cruelty and maladministration.   

John Dean: You don't think Murdoch's going to prison? Well, he does. Look at the top-shelf legal team nosiest press baron of all time has assembled. (Guardian) For the film version, we reprise Polanski's knife-wielding cameo in Chinatown: "You know what happens to nosy people? They lose their noses."

Comcast-logo

Turns out that price-gouging cable giant Comcast is one of Obama 2012's biggest donors. (Abby Phillip, Politico)

Fox says it's not interested in "facts" either in global warming crisis or 9/11 Bush "documentary." (ThinkProgress)

Lieberman McCain Graham 
Funny how butt-wipes Lieberman, McCain and Graham were Gaddafi's BFF just two years ago, before ragging Mr. O for not rushing faster to get the weird one ousted. (Ali Gharib, ThinkProgress) (ed.-Not sure meaning of b-w's. Could we substitute "U.S. senators from Connecticut, Arizona and South Carolina, respectively" instead?) 

Rove-Palin smackdown: "If she doesn't like people speculating on her running, she can just quit. 'Course, she'd be just as angry if we stopped talkin' 'bout her." (Burgess Everett, Politico) Stop this, Karl, you're beginning to seem, er, human.

 

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Everybody's Business

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    David Olive is a business and current affairs columnist at the Star, which he joined in 2001 after stints at the Globe and Mail, National Post and Financial Post.

    "If all economists were laid end to end, they would not reach a conclusion."
    - George Bernard Shaw

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