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Archive for November, 2009

‘Left, Right & Center’: America the Ungovernable?

Posted in Main Blog (All Posts) on November 29th, 2009 5:42 am by HL

‘Left, Right & Center’: America the Ungovernable?
On this Black Friday edition of “Left, Right & Center,” regulars Robert Scheer, Tony Blankley, Matt Miller and Arianna Huffington get philosophical, trotting out the likes of Karl Marx and Georg Wilhelm Friedrich Hegel to get a read on the timely and fundamental question of whether it’s truly possible to govern the people of the United States under the “of, by and for” setup. READ THE WHOLE ITEM

Left, Right & Center

On this Black Friday edition of “Left, Right & Center,” regulars Robert Scheer, Tony Blankley, Matt Miller and Arianna Huffington get philosophical, trotting out the likes of Karl Marx and Georg Wilhelm Friedrich Hegel to get a read on the timely and fundamental question of whether it’s truly possible to govern the people of the United States under the “of, by and for” setup.

READ THE WHOLE ITEM

Related Entries


Global Markets Hit by Dubai’s Debt Crisis
Dubai’s debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state’s announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal.  —KA The Wall Street Journal: The Dow Jones Industrial Average was off 233 points at its morning low and ended the shortened post-Thanksgiving session with a 154.48-point decline, off 1.5%, at 10309.92, hurt by declines in all 30 components. The Dow, which entered Friday’s session at a 13-month high, ended the week down 0.1%, snapping a three-week winning streak. Traders and money managers drew some comfort from the U.S. market’s recovery from its intraday lows Friday. Many point out that Dubai’s main creditors are European banks, not Wall Street firms. But that could still lead to gyrations next week and beyond if investors with exposure to Dubai’s troubles continue to unload commodities, U.S. shares, and other assets that have shown hefty gains this year to raise cash. “We still need to see if there’s going to be a domino effect here,” with Dubai’s credit woes spreading to its neighbors and trading partners, said Kevin Shacknofsky, of Alpine Woods Capital Investors. “The markets are telling us for now that this is a containable problem, but we’re not absolutely certain of that yet.” Read more READ THE WHOLE ITEM

Dubai financial towers

Dubai’s debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state’s announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal.? —KA

The Wall Street Journal:

The Dow Jones Industrial Average was off 233 points at its morning low and ended the shortened post-Thanksgiving session with a 154.48-point decline, off 1.5%, at 10309.92, hurt by declines in all 30 components. The Dow, which entered Friday’s session at a 13-month high, ended the week down 0.1%, snapping a three-week winning streak.

Traders and money managers drew some comfort from the U.S. market’s recovery from its intraday lows Friday. Many point out that Dubai’s main creditors are European banks, not Wall Street firms. But that could still lead to gyrations next week and beyond if investors with exposure to Dubai’s troubles continue to unload commodities, U.S. shares, and other assets that have shown hefty gains this year to raise cash.

“We still need to see if there’s going to be a domino effect here,” with Dubai’s credit woes spreading to its neighbors and trading partners, said Kevin Shacknofsky, of Alpine Woods Capital Investors. “The markets are telling us for now that this is a containable problem, but we’re not absolutely certain of that yet.”

Read more

READ THE WHOLE ITEM

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U.S. Still Running Secret Prison In Afghanistan

Posted in Main Blog (All Posts) on November 29th, 2009 5:41 am by HL

U.S. Still Running Secret Prison In Afghanistan
KABUL, Afghanistan — An American military detention camp in Afghanistan is still holding inmates for sometimes weeks at a time and without access to the…

Senate Report: Bin Laden Was ‘Within Our Grasp’ In 2001
WASHINGTON — Osama bin Laden was unquestionably within reach of U.S. troops in the mountains of Tora Bora when American military leaders made the crucial…

South Carolina Rift Highlights Debate Over G.O.P.
When Senator Lindsey Graham joined forces last month with Senator John Kerry on a compromise to the climate change legislation known as cap and trade,…

Jeff Danziger: Pope and Kennedy

Richard Z. Chesnoff: WHITE HOUSE GATECRASHER & THE PALESTINIANS
Guess which of President Obama’s uninvited gala guests is a big wig on the board of the American Task Force on Palestine – the Palestinian…


Witch hunt: Right wing now falsely claiming Hannah Rosenthal is an “anti-Israel lobbyist”

Posted in Main Blog (All Posts) on November 29th, 2009 5:40 am by HL

Witch hunt: Right wing now falsely claiming Hannah Rosenthal is an “anti-Israel lobbyist”

In the latest smear in the right-wing media’s witch hunt against Obama administration “czars,” WorldNetDaily falsely claimed that State Department anti-Semitism envoy Hannah Rosenthal — who has a long history of pro-Israel advocacy — is an “anti-Israel lobbyist,” apparently because of her affiliation with J Street. WorldNetDaily also falsely claimed that in a statement she reportedly made more than seven years ago, Rosenthal “seemed to imply Israeli policies were to blame for anti-Semitism.”

J Street is a pro-Israel organization praised by Israeli president and opposition leader

Citing J Street role, WND falsely claimed Rosenthal is an “anti-Israel lobbyist.” Apparently referring to Rosenthal’s role as one of more than 160 members of J Street’s advisory council, WorldNetDaily ran its November 26 attack article — written by Aaron Klein — under the following headline:

Obama appoints anti-Israel lobbyist to anti-Semitism post

J Street pick hints Jewish state to blame for hatred against its people

J Street is “pro-Israel, pro-peace.” J Street is not, as WorldNetDaily suggested, an “anti-Israel” lobbying organization. Rather, J Street refers to itself as “the political arm of the pro-Israel, pro-peace movement” and states that it “represents Americans, primarily but not exclusively Jewish, who support Israel and its desire for security as the Jewish homeland, as well as the right of the Palestinians to a sovereign state of their own – two states living side-by-side in peace and security.” According to its website, “J Street advocates for American policies that, in our view, advance the national interests of the United States, as well as the long-term interests and security of the state of Israel.”

Israeli president Peres praised J Street. WorldNetDaily wrote: “Even the Israeli government has been distancing itself from J Street, with its ambassador to Washington, Michael Oren, refusing to attend its annual dinner last month. Israeli Embassy spokesman Yoni Peled told the Jerusalem Post his government has some ‘concern over certain [J Street] policies that could impair Israel’s interests.’ ” WorldNetDaily did not note, however, that, as reported by Haaretz, Israeli president and former prime minister Shimon Peres sent J Street “a letter of congratulations on its activities.” According to Haaretz:

In his letter to J Street’s executive director, Jeremy Ben-Ami, in response to an invitation to Peres to attend the gathering, the Israeli president wrote “While I am fully aware of the importance of your first national conference, regrettably my commitments prevent me from attending. However, I wish to congratulate you on your initiative to form a pro-Israeli-Palestinian and pro-Israeli-Arab peace organization, and the support you have garnered on behalf of this mission in the American political and Jewish communities arena is indeed impressive.”

[…]

In his letter, Peres also noted: “The Israel that stretches out its hand in peace is not only an Israel that addresses a geo-political reality and discharges its strategic interests: it is an Israel that acts according to the commands of the conscience and values of the Jewish People.” He concluded his letter by writing, “I wish the organizers and participants of this conference a successful and fruitful event.”

Kadima leader Livni praised J Street. The Jerusalem Post reported on October 23:

Two days after Israel’s ambassador to the US declined an invitation to attend the dovish J Street’s inaugural national conference, opposition leader Tzipi Livni sent a letter to the head of the organization on Wednesday, congratulating him on the event but saying that “unfortunately, my schedule does not allow me to take part in this event.”

At the same time, she wrote that Kadima would be well represented at the conference by senior members of the party – a reference to MKs [members of the Knesset] Meir Sheetrit and Shlomo Molla, as well as former MK Haim Ramon, who are scheduled to attend.

“I would like to congratulate you on your inaugural national conference,” Livni wrote to the group’s executive director, Jeremy Ben-Ami, distancing herself from the cold shoulder the group has received from the government.

[…]

“I believe most American Jews support Israel and want to see it thrive as a Jewish and democratic state,” Livni wrote. “Like you, I believe ending the Israeli-Palestinian conflict by realizing the vision of two nation-states, living side by side in peace and security, is in the best interest of Israel, the United States, the Palestinians and the region as a whole.”

Livni said “the discussion within the pro-Israel community of what best advances Israel’s cause should be inclusive and broad enough to encompass a variety of views, provided it is conducted in a respectful and legitimate manner.”

Along the way, Livni said, “we may not agree on everything, but I do believe that we must ensure that what unites us as Jews who are committed to Israel’s future as a secure, Jewish and democratic state is far greater than what separates us.”

Rosenthal has long history of pro-Israel advocacy

As head of Jewish Council for Public Affairs, Rosenthal “was a tireless advocate for Israel.” Rosenthal served as executive director of the Jewish Council for Public Affairs (JCPA) from 2000 to 2005. In a November 23 statement “applaud[ing]” Rosenthal’s appointment, current JCPA president and CEO Rabbi Steve Gutow, said: “During her tenure at JCPA, Hannah was a tireless advocate for Israel and social issues important to the Jewish community.” The Forward reported on November 12, 2004, that “Rosenthal has adapted her organization to focus more on local communities, helping them to coordinate their Israel advocacy and other programs.”

Jewish Week: Rosenthal “presided over a strong, well-organized response to … Durban conference.” In a November 24 editorial supporting Rosenthal’s appointment, The Jewish Week wrote, “At JCPA, she presided over a strong, well-organized response to the 2001 United Nations Durban conference on racism and xenophobia that turned into a festival of outright anti-Semitism. She has a solid understanding of a Jewish world divided over many political and Middle East policy issues but united about the importance of Israel and the need to root out the scourge of anti-Semitism wherever it erupts.” Indeed, in a July 18, 2001, action alert, Rosenthal wrote that JCPA was “playing a coordinating role facilitating the work of national and local member agencies” in confronting “ongoing efforts by Arab and Muslim states to use the United Nations World Conference Against Racism … as a forum to attack Israel and to revive the old canard equating Zionism with racism.” Rosenthal asked readers to urge members of congress to sign a letter to then-Secretary of State Colin Powell and then-United Nations Secretary General Kofi Annan “expressing serious concern about the divisive and hate-filled tone emerging in preparations for the” conference. In an August 27, 2001, press release, JCPA “praised President Bush and Secretary of State Colin Powell for ruling out high-level U.S. participation at” the conference. In a September 3, 2001, press release, JCPA announced that it had “walked out of the [conference] in the midst of anti-Semitic rhetoric and following attempts to single out Israel as a racist state.”

Under Rosenthal, JCPA publicly supported “Israel’s right of self defense against terrorism with all means necessary.” In a December 3, 2001, press release, JCPA stated:

The JCPA supports Israel’s right of self defense against terrorism with all means necessary. The defense of one’s citizens is the first responsibility of any government. The time for waiting for Yasser Arafat to confront the terrorist groups operating in areas under Palestinian Authority control, particularly Hamas and Islamic Jihad, and to put an end to suicide attacks and anti-Israel incitement, has run out.

[…]

It is now up to Israel to find the response that will prevent such barbaric attacks from occurring in the future. There is no simple way to pursue terrorists and those who harbor them. The JCPA will stand behind the Israeli government at it seeks to develop the most effective strategy for defending its citizens.

JCPA expresses its deep appreciation to President George Bush and senior administration officials for showing strong and unyielding support for Israel following these terrorist attacks and the Israeli government’s initial response. The President’s unequivocal call on Arafat to confront terror groups and end these attacks is reminiscent of the actions he has taken in Afghanistan. America and Israel stand united in the fight against global terrorism, which seeks to undermine democracy, freedom, and a commitment to seek genuine peace.

Rosenthal protested expulsion of Israeli scholars from British academic journals. On July 16, 2002, Rosenthal sent a letter to John Garside, the principal and vice chancellor of the University of Manchester Institute of Science and Technology, expressing JCPA’s “dismay at the expulsion of two Israeli scholars … from the boards of two British journals of translation studies run by Professor Mona Baker.” Rosenthal wrote: “The two respected professors were dismissed as part of an academic boycott of Israel, simply because they are Israelis. Such action — excluding scholars based on their nationality, race, or religion — is an appalling violation of all recognized norms of academic and intellectual freedom and sets an immoral and dangerous precedent. The JCPA strongly urges you to speak out on this issue and immediately end any affiliation between the University and Professor Baker’s journals.” JCPA urged its members to promote “counter petitions” and to write similar letters.

JCPA campaigned for Arafat Accountability Act. On July 10, 2002, JCPA urged its members to ask members of Congress to co-sponsor the Arafat Accountability Act, which the organization said “imposes a number of sanctions immediately on the Palestine Liberation Organization (PLO) and the Palestinian Authority until they cease violating their commitment to end violence and terror.”

JCPA “condemned a Presbyterian Church delegation for meeting with and praising … Hezbollah.” On October 21, 2004, JCPA “condemned a Presbyterian Church delegation for meeting with and praising the terrorist group Hezbollah while on a fact-finding trip to the Middle East.” JCPA wrote: “These actions do not occur in a vacuum. This meeting comes on the heels of the Church’s troublesome call to begin a phased divestment from certain companies that do business with Israel.”

JCPA issued statement calling on “Protestant leaders to reject divestment from Israel.” In a November 29, 2004, statement released jointly with other Jewish organizations, JCPA “call[ed] on Ecumenical Protestant leaders to reject divestment from Israel and instead focus on real conversations about how to end the Palestinian-Israel conflict.” The statements said that the signers were “startled that there are those within the Ecumenical Protestant community who believe an economic lever should be employed in a discriminatory fashion specifically against the State of Israel.”

JCPA co-sponsored Israel Project’s “press ambassadors” program. According to a July 1, 2004, Washington Jewish Week article (retrieved from the Nexis database), JCPA co-sponsored “The Israel Project’s ‘Ultimate Training Seminar for Pro-Israel Advocates’ this week, which aimed to teach how to present a pro-Israel message to the public.” The article quoted Rosenthal saying that “Israel advocacy is a bipartisan issue” and reported that Rosenthal “noted that working with the media is only one part of effective Israel advocacy, and relationships with government leaders and community groups are essential to keeping support high for the Jewish state.”

WND falsely claims Rosenthal quote implies Israel is at fault for anti-Semitism

2002 Rosenthal quote does not suggest Israel is to blame for anti-Semitism. In the subhead of Klein’s article, WorldNetDaily claimed that Rosenthal “hints Jewish state to blame for hatred against its people.” Klein wrote that Rosenthal’s “writings suggest Israel’s policies are to blame for anti-Semitism” and referred to “quotes in which Rosenthal seemed to imply Israeli policies were to blame for anti-Semitism.” In fact, the only quotes Klein cited as evidence — comments attributed to Rosenthal in a 2002 Jewish Telegraphic Agency article — do not imply that Israeli policies are to blame for anti-Semitism. From the JTA article:

Then there was the dramatic rise in attacks on European Jews and their institutions as Israeli-Palestinian violence intensified. This followed a wave of anti-Semitic attacks in Europe after the Palestinian intifada erupted in September 2000.

Most attacks reportedly were carried out by young Arab immigrants, but Jews were startled and distressed by the failure of governments, such as France’s, to respond.

“I’ll tell you point-blank: I have two grown daughters, and I didn’t think that my kids were going to have to deal with some of the same anti-Semitism that I did as the daughter of Holocaust survivors,” Rosenthal said. “It’s a scary time, with people losing the ability to differentiate between a Jew, any Jew, and what’s going on in Israel.”

Rosenthal appointment supported by ADL

WND quoted past ADL statement without noting ADL supports Rosenthal appointment. In his WorldNetDaily article, Klein referenced a May 1, 2008, open letter from Anti-Defamation League national director Abraham H. Foxman to Rosenthal disagreeing with an op-ed Rosenthal had written. Klein did not note, however, that three days before his WorldNetDaily article was published, Foxman had issued the following statement “welcom[ing]” Rosenthal’s appointment:

This appointment signals the continued seriousness of America’s resolve to fight the anti-Semitism that we have seen gaining legitimacy in too many countries and to institutionalize that fight as an American foreign policy priority.

We look forward to working with Hannah Rosenthal to mobilize the significant political will and resources of the United States to broaden understanding abroad about the new forms of anti-Semitism permeating public discourse.  Working with Secretary Clinton, and Assistant Secretary Michael Posner, we have no doubt that the Special Envoy will play an important role in encouraging countries to make the hard choices and to implement policy, legislative, judicial and educational measures to counter anti-Semitism.

Rosenthal is latest admin. official to be smeared with “czar” label and false attacks

Bush anti-Semitism envoy wasn’t called a “czar.” WorldNetDaily’s branding of Rosenthal as “Obama’s new anti-Semitism czar” follows a pattern of right-wing media dubiously applying the “czar” label to Obama administration officials and smearing them with false attacks. A Nexis search reveals no examples of anyone referring to Bush appointee Gregg Rickman — Rosenthal’s predecessor as Special Envoy to Monitor and Combat Anti-Semitism — as a “czar” (or “tsar” or “tzar”). A search of WorldNetDaily’s website also yields no results.

Anti-Semitism envoy office was created by congressional statute. According to the State Department’s website, the Office of the Special Envoy To Monitor and Combat Anti-Semitism “was established by the Global Anti-Semitism Review Act of 2004, and is a part of the Bureau of Democracy, Human Rights and Labor.”


Dem Rep Controls DOJ Budget While Under DOJ Investigation

Posted in Main Blog (All Posts) on November 29th, 2009 5:39 am by HL

Dem Rep Controls DOJ Budget While Under DOJ Investigation
Rep. Alan Mollohan (D-WV) has his hands on the reins of the Justice Department budget at the same time the Feds are investigating his personal finances and allegations he steered taxpayer dollars to non-profits Mollohan himself created.


Backlash Grows Against NC Health Insurer’s Anti-Reform Campaign
A North Carolina health insurer is now facing a major backlash in the wake of its campaign to enlist customers to lobby a U.S. senator against health-care reform.


Police: Sparkman Committed Suicide, Made It Look Like Murder For Insurance Scam
Census worker Bill Sparkman committed suicide and deliberately made it look like murder as part of an insurance scam, Kentucky state police have concluded.


Thank You, Rush!

Posted in Main Blog (All Posts) on November 29th, 2009 5:37 am by HL

Thank You, Rush!


Goucher College Bans Speakers It Deems Anti-Israel –Also, How Joe Lieberman Became A Rightwing Crank

Posted in Main Blog (All Posts) on November 29th, 2009 5:36 am by HL

Goucher College Bans Speakers It Deems Anti-Israel –Also, How Joe Lieberman Became A Rightwing Crank
Anyone who still doubts the Walt-Mearsheimer thesis (that the lobby tries to squelch debate on Israel-Palestine) should check this out. It is a piece by Rabbi Brian Walt who was scheduled to participate on a panel called “Palestinian Human Rights:…


PalestineMiddle EastIsraelWarfare and ConflictIsrael-Palestine

Maureen Dowd on Obama, Loyalty, and Greg Craig
This is definitely worth reading. But this piece by Steve Clemons of New America Foundation is even better. I have been in Washington since I volunteered for the McGovern campaign. Gregory Craig — who was essentially dumped for trying to…


Greg CraigMaureen Dowd


Rove Does His Best Cheney Impression As He Eagerly Dismisses ?Draft Cheney? Rumors

Posted in Main Blog (All Posts) on November 29th, 2009 5:35 am by HL

Rove Does His Best Cheney Impression As He Eagerly Dismisses ?Draft Cheney? Rumors
Ever since Liz Cheney floated her father as a possible presidential contender in 2012, rumors have swirled that the former VP may be thinking about such a run. Now, a group of right-wing activists is unveiling a new organization — “Draft Dick Cheney 2012.” This morning on Fox News, former Bush political adviser Karl Rove summarily […]

Ever since Liz Cheney floated her father as a possible presidential contender in 2012, rumors have swirled that the former VP may be thinking about such a run. Now, a group of right-wing activists is unveiling a new organization — “Draft Dick Cheney 2012.”

This morning on Fox News, former Bush political adviser Karl Rove summarily dismissed the “draft Cheney” rumors, and did so by mocking Cheney’s characteristically curmudgeon voice:

FOX: Karl, would Dick Cheney have any chance in running for the Oval Office in 2012? His favorability ratings were on the rise at last check, but still very low.

ROVE: Well, look, that’s a question we don’t even need to ask. Cheney’s been asked this question himself this past week, and I will quote Vice President Cheney when he was asked would you run for President in 2012. He said, [Rove doing Cheney impression] “Not a chance.”

I mean, look, he’s not running. He’s not running. [Rove doing Cheney impression] “Not a chance.”

Interestingly, in his eagerness to dismiss even the slightest hint that Cheney might run, Rove never offered a positive word during the segment about Cheney’s service as Vice President. “There are limits as to what Dick Cheney could be called upon to do for the country,” Rove said. Watch it:

Many right-wing activists had urged Cheney to make a run for president in 2008. In a piece titled “Cheney’s Chance,” The New York Sun wrote in 2007, “For those of us who are concerned with extending Mr. Bush’s campaign for freedom around the world and cutting taxes at home, a Cheney campaign is attractive.”

In this week’s Newsweek, Jon Meacham argues in favor of a Cheney presidential run, writing that it would offer the American public an opportunity to render a clear verdict on the Bush record.

“Because Cheney is a man of conviction, has a record on which he can be judged, and whatever the result, there could be no ambiguity about the will of the people,” Meacham writes, adding, “A campaign would also give us an occasion that history denied us in 2008: an opportunity to adjudicate the George W. Bush years in a direct way.”

Palin quits before finishing the 5K Turkey Trot race.
On Wednesday, Sarah Palin excitedly announced on Twitter that she was going to be running a 5K Turkey Trot charity race in Washington state on Thanksgiving day. Large crowds of people turned out to catch Palin at the race, hoping to get the chance to meet the former Alaska governor. Palin, however, quit the […]

Palin, Turkey Trot On Wednesday, Sarah Palin excitedly announced on Twitter that she was going to be running a 5K Turkey Trot charity race in Washington state on Thanksgiving day. Large crowds of people turned out to catch Palin at the race, hoping to get the chance to meet the former Alaska governor. Palin, however, quit the race early to avoid many of her fans:

Palin had announced on Twitter that she would be running the 5k race organized by the Benton-Franklin Chapter of the Red Cross.

She didn’t finish the race, opting to leave the course early to avoid more crowds at the end. About 40 minutes into the run, word started trickling out to people gathered at the finish line that she was gone.

Wonkette also points out that Palin said she wasn’t going to be making a turkey dinner for Thanksgiving because it was “too much work.”


Ex-British diplomat: Iraq invasion was of Â?questionable legitimacy’

Posted in Main Blog (All Posts) on November 29th, 2009 5:34 am by HL

Ex-British diplomat: Iraq invasion was of Â?questionable legitimacy’
The March 2003 military invasion of Iraq was “legal but of questionable legitimacy” because the U.N. Security Council had not voted to support it, a former top British diplomat said last week at a parliamentary inquiry examining Britain’s role in the war.

Guests on Sunday morning’s TV talk shows
Guests to be interviewed Sunday on major television talk shows:

Global climate talks remain alive, but details are far from settled
By offering concrete emission targets last week, the United States and China have resuscitated global climate talks that were headed toward an impasse. But the details that have yet to be resolved — including the money that industrialized countries would offer poorer ones as part of an agreement –…


A Climate of Suspicion

Posted in Main Blog (All Posts) on November 29th, 2009 5:30 am by HL

A Climate of Suspicion
Christopher Caldwell, Financial Times

The Barren Fruits of the Kelo Decision

The Dems’ Kamikaze Health Care Mission
Byron York, DC Examiner
Democratic Sen. Richard Durbin recently was asked if a national health care bill would pass the Senate by the end of the year. "It must," Durbin responded. "We have to finish it."Many other top Democrats share Durbin's determination to meet this deadline. But it's almost certainly not going to happen, for three reasons: the calendar, the Senate's other business, and, most importantly, growing public opposition to the health bill itself.Start with the calendar. No matter what Durbin says, there's not enough time to get a bill of the…

President Obama Meets the Crashers
Nicholas & Meyer, Los Angeles Times
President Obama greets Michaele and Tareq Salahi in a White House receiving line before the state dinner with India's prime minister. (Samantha Appleton / AFP/Getty Images / November 24, 2009)November 28, 2009Copyright © 2009, The Los Angeles TimesTerms of Service | Privacy Policy | Los Angeles Times, 202 West 1st Street, Los Angeles, California, 90012 | Copyright 2009


‘Left, Right & Center’: America the Ungovernable?

Posted in Main Blog (All Posts) on November 28th, 2009 5:42 am by HL

‘Left, Right & Center’: America the Ungovernable?
On this Black Friday edition of “Left, Right & Center,” regulars Robert Scheer, Tony Blankley, Matt Miller and Arianna Huffington get philosophical, trotting out the likes of Karl Marx and Georg Wilhelm Friedrich Hegel to get a read on the timely and fundamental question of whether it’s truly possible to govern the people of the United States under the “of, by and for” setup. READ THE WHOLE ITEM

Left, Right & Center

On this Black Friday edition of “Left, Right & Center,” regulars Robert Scheer, Tony Blankley, Matt Miller and Arianna Huffington get philosophical, trotting out the likes of Karl Marx and Georg Wilhelm Friedrich Hegel to get a read on the timely and fundamental question of whether it’s truly possible to govern the people of the United States under the “of, by and for” setup.

READ THE WHOLE ITEM

Related Entries


Global Markets Hit by Dubai’s Debt Crisis
Dubai’s debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state’s announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal.  —KA The Wall Street Journal: The Dow Jones Industrial Average was off 233 points at its morning low and ended the shortened post-Thanksgiving session with a 154.48-point decline, off 1.5%, at 10309.92, hurt by declines in all 30 components. The Dow, which entered Friday’s session at a 13-month high, ended the week down 0.1%, snapping a three-week winning streak. Traders and money managers drew some comfort from the U.S. market’s recovery from its intraday lows Friday. Many point out that Dubai’s main creditors are European banks, not Wall Street firms. But that could still lead to gyrations next week and beyond if investors with exposure to Dubai’s troubles continue to unload commodities, U.S. shares, and other assets that have shown hefty gains this year to raise cash. “We still need to see if there’s going to be a domino effect here,” with Dubai’s credit woes spreading to its neighbors and trading partners, said Kevin Shacknofsky, of Alpine Woods Capital Investors. “The markets are telling us for now that this is a containable problem, but we’re not absolutely certain of that yet.” Read more READ THE WHOLE ITEM

Dubai financial towers

Dubai’s debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state’s announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal.? —KA

The Wall Street Journal:

The Dow Jones Industrial Average was off 233 points at its morning low and ended the shortened post-Thanksgiving session with a 154.48-point decline, off 1.5%, at 10309.92, hurt by declines in all 30 components. The Dow, which entered Friday’s session at a 13-month high, ended the week down 0.1%, snapping a three-week winning streak.

Traders and money managers drew some comfort from the U.S. market’s recovery from its intraday lows Friday. Many point out that Dubai’s main creditors are European banks, not Wall Street firms. But that could still lead to gyrations next week and beyond if investors with exposure to Dubai’s troubles continue to unload commodities, U.S. shares, and other assets that have shown hefty gains this year to raise cash.

“We still need to see if there’s going to be a domino effect here,” with Dubai’s credit woes spreading to its neighbors and trading partners, said Kevin Shacknofsky, of Alpine Woods Capital Investors. “The markets are telling us for now that this is a containable problem, but we’re not absolutely certain of that yet.”

Read more

READ THE WHOLE ITEM

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