Climate of Hate

Posted by osurce, 10th January 2011

Gabrielle GiffordsPaul Krugman
1/10/2011

Krugman says he is not surprised by the Arizona shooting. He cites an upsurge in political hatred after Bill Clinton’s election that culminated in the Oklahoma City bombing, the frenzied crowds at McCain-Palin rallies, and a Department of Homeland Security internal report in April 2009 that warned that right-wing extremism was on the rise, with a growing potential for violence. The calls for violence in political rhetoric has contributed to this, and this act should not be treated as an isolated event. Decent people should shun those that are purveyors of hate, and it is up to GOP leaders to accept the reality of what’s happening and take a stand against eliminationist rhetoric, otherwise this is just the beginning of the violence.

Krugman is a New York Times columnist.

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Friends with Benefits

Posted by osurce, 5th January 2011

William D. Cohan
1/5/2011

Facebook is now considered to be worth more than Time Warner, DuPont, and Goldman’s rival Morgan Stanley. Cohan says it is worth the $450 investment Goldman Sachs pumped into the company. This is because Goldman’s cost of capital is close to zero since, as a bank holding company, it can borrow from the Federal Reserve at negligible interest rates. Any capital gain Goldman Sachs makes would be sheer profit. In addition it will have locked up the role of lead manager of Facebook’s initial public offering when it happens. Cohan also looks at other business deals Goldman has negotiated on its behalf and says it will come out ahead. The loser will be the average investor who will be left holding the bag when Wall Street realizes its performance doesn’t live up to the hype.

Cohan blogs about Wall Street and Main Street for The New York Times.

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GOP congressional leaders are acting a lot like their predecessors

Posted by osurce, 5th January 2011

Dana Milbank
1/5/2011

Republicans were elected last November on the strength of Tea Party populism, but their behavior as they prepare to assume control of the House of Representatives closely mirrors that of their Democratic predecessors. Republicans have agreed to a significant increase in the deficit and they’ve taken up the closed debate style of legislation that conservative voters railed against. They speak of a strong mandate while the poll numbers show a very even split among the electorate.

Milbank writes about political theater in the nation’s capital.

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The States Versus ObamaCare

Posted by osurce, 5th January 2011

Pam Bondi
1/5/2011

As new state attorneys general take office in the coming weeks, Bondi expects an increase in the number of states challenging ObamaCare in court. No legislation in our history alters the balance of power between Washington and the states so much as ObamaCare does. The lawsuit brought by 19 states to challenge it is based on the notion that an individual’s decision not to purchase health insurance is not an act of “commerce” that can be regulated under Congress’s constitutionally enumerated powers. If the courts deem the federal health-care law to be constitutional, then there are no meaningful constitutional restraints on Congress’s power to regulate virtually every facet of our lives.

Bondi is the attorney general of Florida.

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General Petraeus’s Surge Map

Posted by osurce, 22nd December 2010

General PetraeusMatthew Kaminski
12/22/2010

The surge in Afghanistan is a wager that we can make the country a less violent and more stable base for America. Kaminski notes that America’s forces aren’t leaving anytime soon and probably not in this lifetime. Where the US military has gone in robustly, the Taliban has folded. The Afghan government’s shortcomings feed the insurgency. President Karzai squandered nine years, but the Taliban is hated. Only a tenth of Afghans tell pollsters they prefer them, and their sympathy is often as much practical as ideological. Afghans want the state to protect and serve them. In the many places it fails, the Taliban steps into the gap. Kaminski argues that giving up prematurely on our Afghan surge could make the fantasy of failure real.

Kaminski is a member of the Journal’s editorial board.

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Bring ROTC back to elite campuses

Posted by elvira, 22nd December 2010

ROTCEliot A. Cohen
12/22/2010

During Vietnam, a number of elite universities removed ROTC programs from their campuses, citing the military’s stance on homosexuals as their excuse. Now, however, the social, political, and military climate is different, and there is support among both political parties to bring ROTC back. However, academia (traditionally liberal) and the military (traditionally conservative) have been at odds for many years, and bringing them together is not without difficulties. But these differences, says Cohen, are all the more reason to mingle the two groups. Students at elite universities are intelligent and hardworking, and as America’s future businessmen and women, they “should share the burden of national defense.”

The writer teaches at Johns Hopkins University’s School of Advanced International Studies and received his commission through Army ROTC.

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Memo to board: we need to talk about BP

Posted by osurce, 20th December 2010

BP oil spillMichael Skapinker
11/1/2010

Skapinker says that following the BP Deepwater Horizon oil well disaster, all companies should set aside time to discuss the implications of a catastrophe hitting their organization. A disaster can hit any firm so they should all take time to think what their potentially grave threats are and how they would deal with them. The Deepwater Horizon disaster highlighted the importance of having a well-rehearsed response ready for when things go wrong. Skapinker adds that there is little point in firms moaning about adverse media coverage should catastrophe hit. Round-the-clock news, blogs, and Twitter accounts are the way of the world now. The smart move is to prevent a disaster happening in the first place.

Michael Skapinker is an assistant editor of the Financial Times, a columnist and the editor of the FT’s special reports

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When Zombies Win

Posted by osurce, 20th December 2010

MoneyPaul Krugman
12/20/2010

Even though free-market fundamentalists have been wrong about nearly everything, Krugman says they dominate political thought now more than ever. He points out that everything the right said about Obama’s economic policies was wrong, including warnings that interest rates would rise along with a hyper-inflation. They were also wrong about politics abroad, including idealizing Ireland as a shining example of sound economic policies. Krugman says it is one thing to stay true to your ideals and goals, but it is entirely another to open the door to what he calls zombie ideas because they could kill the economy.

Krugman is a New York Times columnist.

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When it comes to politics, Obama’s ego keeps getting in the way

Posted by osurce, 17th December 2010

Michael Gerson
12/17/2010

Rather than celebrate a rare moment of bipartisan cooperation over the new tax deal, President Obama has gone on the offensive, skewering both Democrats and Republicans over the difficulty of getting the deal done. His actual governance has generally proven more effective than his politicking, but the president’s wont for saying the wrong thing is quickly exhausting his limited political capital.

Gerson is a nationally syndicated columnist who appears twice weekly in the Washington Post.

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