And so, it goes, the US shows the western world how to elect a minority candidate. Amazing, and truly transformational. There will be plenty of time for politics and what will happen next, but tonight, amazing. The US, after a few years, finally has a better president than Canada!
Is this bailout still necessary?
The point of the bailout is to buy assets that are illiquid but not worthless. But regular banks hold assets like that all the time. They're called "loans."
With banks, runs occur only when depositors panic, because they fear the loan book is bad. Deposit insurance takes care of that. So why not eliminate the pointless $100,000 cap on federal deposit insurance and go take inventory? If a bank is solvent, money market funds would flow in, eliminating the need to insure those separately. If it isn't, the FDIC has the bridge bank facility to take care of that.
James K. Galbraith – A Bailout We Don’t Need – washingtonpost.com.
Makes a lot more sense to me than “Give me 700b today or I’ll blow up your economy” line fed by the same administration that gave you “give us the unfettered right to wage war or you’ll be eaten alive by mushroom clouds”.
According to the poll, conducted by the Strategic Counsel, 37 per cent of Canadians would opt to vote for the Tories were an election to be held today, compared with 29 per cent for the Liberals, 17 per cent for the NDP and 9 per cent for the Green Party.
globeandmail.com: Tory majority? Pollster takes your questions.
The interesting fact is that Centre-Left parties (Libs NDP + Green) are much more popular than the Tories, so while the country prefers left of centre politics, there is a lot of vote splitting going on. Need to learn a bit more about that, eh! If this were India, the NDP and Liberals would be running a united ticket.
Vote for [Liberal Party Leader] Stéphane Dion; don't vote for the Green Party," Weaver said in an interview promoting Keeping Our Cool: Canada in a Warming World.
"If the Green Party has a strong candidate who's going to beat out the Liberal and Conservative candidates, then, okay, go ahead and vote Green. But, by and large, a green vote is not a Green vote. A green vote is for a Liberal government and Stéphane Dion. There is no other candidate you can vote for.
Victoria’s most prominent scientist wants you to vote for a Liberal Party candidate in this Canadian election.
Meant to blog about this on Wednesday, but it’s been that kind of week!
Debate in India: Is Rule on Yoga Constitutional? – New York Times
At issue is a measure by the Hindu nationalist-led government of the state of Madhya Pradesh, in central India, that required public school students to practice the sun salutation and recite certain chants in Sanskrit during a statewide function on Thursday. The state government, controlled by the Bharatiya Janata Party, or B.J.P., said that it complied with a central government policy to encourage yoga in schools and that it was inspired by a recent visit from a popular Hindu spiritual leader. Muslim and Christian groups in the state took issue not so much with the yoga exercise, but with the chants, which they said were essentially Hindu and in worship of the sun. They argued in court on Wednesday that it violated the Indian constitutional provision to separate religion and state.
The courts did the right thing. Yoga in India is definitely associated with being Hindu, and Sanskrit as well. There has been a growing tendency among right wing Hindu organizations to conflate Hindu and Indian (they do mean the same thing, after all). I would recommend any number of essays from Amartya Sen, especially those from the Argumentative Indian for a definitive takedown of this pernicious movement. The one-line answer is that India over the last 2000+ years has been influenced by so many religions and regions (Christianity, Islam, Buddhism, China, Arabia, Persia, Europe) that it is a foolish to ascribe any one identity to this country.
Whether yoga is religious practice is, like everything in this country, a matter of debate. Some people note that its recitations sometimes invoke Hindu gods, but others argue that its physical exercises have nothing to do with Hindu ritual. It is hardly uncommon for non-Hindus to practice yoga
And a lot of Hindus celebrate Christmas by going to the temple, funny how that works, and funny how nobody’s making them do it. The issue here was always imposition by the state and choice.
Yoga is wonderful and very good for you, and with a little care, can easily be delinked from its religious affiliations. Maybe this program can be done right, if the government is actually interested in getting it right.
I support Obama because he’s skinny, brown, liberal, young, and of course, the whole name thing. He’s the closest in American politics to me, and I identify with him quite a bit. By the same token, how the hell is he going to win a general election?
It’s the first US election in which a white person is going to have to choose between someone of her race and someone who does not look like her, talk like him, has a funny name and is most definitely African American in identity and behavior. Call me the cynical product of an Indian upbringing where caste/religion/community plays such a vital and unsubtle part in politics, but when faced with this kind of choice where one of the choices is not someone you can identify with at all, I don’t see it happening. There’s a reason why the undecided vote’s always flipping to Clinton at the eve of every primary, it’s all about racial identity, I’m afraid.
Many white people see in McCain their ornery grandfather (the one who always talks about the war – McCain reminds me of Abe Simpson, the resemblance is uncanny) or uncle, or something like that, someone they can identify with. What is Obama, but an outsider? The undecideds will tend to flip to the known quantity (vaguely senile and ill tempered older relative who used to be something) as opposed to the unknown (urbane, educated, intelligent, yet vaguely threatening black man).
Younger people, especially the college educated young can identify more with Obama because they have at least a couple of black friends, and see plenty of intelligent young black men in their peer circles. It’s all about identity and what you base it on. The idealism and energy he brings is also much better received by a younger audience. The older you get, the less likely it is that you’ve interacted with someone whom Obama can represent in racial/identity demographic. Which is why Clinton’s performance is always better among the older voters.
There, my pessimism is on record, McCain in a squeaker in November, though I’d love to be proved wrong.
Note: I am assuming that this silly extended primary will eventually go to Obama, Clinton has no shot, sorry.
Probably my first ever link free post, but hey, isn’t that what blogging’s all about? This was written in the aftermath of the Pennsylvania primary where everything that was predicted happened: Obama won the “urban” and young vote, Clinton won the rural and white vote, this just presages the general election.
PS: Obama’s at least 5 inches taller than McCain and quite a bit better looking. The taller, better looking man usually wins the election. But both choices have always been white, so what happens now? I think identity still triumphs.
Apparently, the fact that the senate would not confirm this person does not matter much. Democracy is a quaint concept in this august country!
Bush Recess Appointment Threatens Public Protections – Press Room – OMB Watch
2007—President George W. Bush today installed Susan Dudley as White House regulatory czar through a recess appointment. Dudley will now serve in the White House Office of Management and Budget as administrator of the Office of Information and Regulatory Affairs (OIRA).
OIRA is a powerful office responsible for reviewing and approving federal agencies’ most significant regulations. Installing Dudley threatens decades of public health and safety protections; doing so by recess appointment endangers our democratic process.
“Dudley’s record is one of anti-regulatory extremism,” said Rick Melberth, Director of Regulatory Policy at OMB Watch. “She has opposed some of our nation’s most basic environmental, workplace safety and public health protections.”
Dudley has falsely proclaimed ground-level ozone to be beneficial, opposed ergonomic standards to protect workers from repetitive stress disorders, and even suggested that airbags should never have been mandated in automobiles.
The kinds of rollbacks Dudley may push forward could render useless valuable federal laws that have saved countless American lives. OMB Watch and Public Citizen documented Dudley’s anti-regulatory views in a September 2006 report, The Cost Is Too High: How Susan Dudley Threatens Public Protections.
Dudley’s strong ties with the industries she will be regulating pose an obvious conflict of interest. For the three years before her nomination, Dudley directed the Regulatory Studies program at the Mercatus Center — an industry-funded, anti-regulatory think tank. It is likely that industry executives will have unprecedented access to Dudley, while concerned citizens will be increasingly shut out.