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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?


To: Asymmetric who wrote (159418)1/31/2009 4:34:24 PM
From: cirrus  Respond to of 362169
 
That's, sigh, just another example of how business screws the unwary. I wonder what HSBC kicks back to Best Buy for each account opened?

But then again, last week I was in line behind a young woman who was happy to pay $4.95 to purchase an extended warranty on a $24.99 telephone. Some folks apparently like being screwed?

This isn't a contract with the customer. This is a contract on the customer.



To: Asymmetric who wrote (159418)2/2/2009 12:46:23 AM
From: stockman_scott  Respond to of 362169
 
Gillibrand a Poor Fit for Democrats’ Big Tent:

Commentary by Albert R. Hunt

Feb. 2 (Bloomberg) -- The two major political parties in the U.S. thrive when they embrace a “big tent” approach, which is inclusive and avoids narrow litmus tests. Democrats in the past decade, and Republicans today, have suffered when they didn’t.

There is a corollary that’s equally true in American politics: When a party puts expediency above core principles, it’s also punished by voters.

These dueling realities are at the heart of Kirsten Gillibrand, tapped to fill the U.S. Senate seat in New York vacated by Secretary of State Hillary Clinton.

New York Governor David Paterson, who appointed Gillibrand, 42, and supporters say her conservative record on issues from guns to immigration reflects her Upstate New York district, and embodies the virtues of the big tent.

Critics say she’s out of the mainstream of New York Democratic politics and trying to obfuscate her positions.

A look at her record on key issues is revealing.

Many anti-gun, liberal politicians such as Congressman Barney Frank and White House Chief of Staff Rahm Emanuel, openly welcome pro-gun Democrats. They say it makes no sense to cast that as a standard for acceptability, especially in Western and Southern states, where the culture is different than in many urbanized areas of the country.

Gillibrand is a self-proclaimed champion of “hunters’ rights” -- boasting that her mother shoots her own turkey at Thanksgiving.

Washington Gun Ban

Her record is more extensive than that benign defense suggests. Along with many other members of Congress -- but few from the Northeast -- she co-signed with Vice President Dick Cheney a brief that went far beyond President George W. Bush in calling on the Supreme Court to knock down Washington, D.C.’s restrictions on gun ownership. The brief implies that the Constitution prohibits localities from banning any sort of gun.

As a member of the House of Representatives, Gillibrand voted for a measure that would have specifically prevented the nation’s capital from outlawing semiautomatic weapons.

Last year, she backed a proposal by Congressman Steve King, an Iowa Republican, that would have barred state and local law-enforcement officials from getting data from the federal government on guns used in crimes.

Studies have shown that more than half these weapons come from about 1 percent of gun dealers, and the information can be helpful in tracing illicit activities.

Criticism From Hispanics

It’s not surprising for a Democratic lawmaker from Albany, New York, to support hunters’ rights. It is unusual when those apparently include the right to bag Bambi with an AK-47 or prevent cops from pinpointing possible criminal activity.

Pro-immigration and Hispanic groups have criticized her appointment, with one Latino politician suggesting her views border on “xenophobia.”

The new senator has disputed this, insisting she is pro- immigrant and only favors tough enforcement of current laws, in keeping with the sentiments of her district.

The record shows a fairly hard line. She has suggested that an immigration bill sponsored by Senator John McCain, an Arizona Republican, and Senator Ted Kennedy, a Massachusetts Democrat, was tantamount to “amnesty” for illegal aliens.

In fact, the legislation, the centerpiece of the immigration debate and backed by both Bush and then-Senator Barack Obama, granted a pathway to citizenship for illegals only after stiff fines, vigorous background checks and a lengthy waiting period.

Against Illegal Immigrants

She joined the most vocal immigration skeptics in the House to cosponsor a measure -- the Save ACT -- that, under the auspices of tougher enforcement, seemed designed to rid the country of illegal immigrants. She supports proposals to make English the official U.S. language, a move opposed by Hispanic groups, Obama and Hillary Clinton, among other leaders.

These positions, her defenders say, were necessary in her district. Yet there was no bigger supporter of the Kennedy- McCain bill than Senator Lindsey Graham, a Republican of South Carolina, which has greater nativist sentiments than Upstate New York. Recently, Nashville, Tennessee, rejected making English the official language after local political and business leaders exposed it as an insult to Latinos.

Last September, she was one of a minority of House Democrats who voted against the $700 billion financial-rescue plan. The legislation failed, and markets around the world cratered.

Several days later, the House reconsidered and passed the measure. Even strong supporters acknowledged that the measure was deeply flawed; some free-market conservatives and anti- business liberals opposed it on principle.

Staving Off Disaster

Yet prominent Republican conservatives, like Representative Paul Ryan of Wisconsin, and Democratic liberals, principally House Speaker Nancy Pelosi, appreciated that whatever its imperfections, financial disaster loomed if action wasn’t taken.

The measure then passed with more than two-thirds of Democrats heeding presidential candidate Obama’s plea to support it. Gillibrand voted against it a second time; a month later, she won re-election with 62 percent of the vote.

She has also supported an amendment to the Constitution that would require a balanced budget. Right before she was appointed to the Senate she called gay activists to say she supported gay marriage, a reversal from her earlier position.

She is a self-styled, open-government reformer. Still, standing right behind her, in the most prominent place when she got the Senate appointment, was former Republican New York Senator Alfonse D’Amato, never known as a reformer.

Too Busy

The new senator’s office was asked to elaborate on these issues. Rachel McEneny, Gillibrand’s communications director, said they had too many requests and were too short-staffed to respond.

For Gillibrand and her defenders, including New York’s other senator, Charles Schumer, it always comes back to how critics just don’t understand the politics of her congressional district.

Albany isn’t Manhattan, and Republicans may well win the special election for the House seat she’s giving up.

It isn’t Mississippi, either. Obama carried the district by 3 points last November.

(Albert R. Hunt is the executive editor for Washington at Bloomberg News. The opinions expressed are his own.)

To contact the writer of this column: Albert R. Hunt in Washington at ahunt1@bloomberg.net

Last Updated: February 1, 2009 11:42 EST



To: Asymmetric who wrote (159418)2/2/2009 4:26:00 AM
From: stockman_scott1 Recommendation  Read Replies (2) | Respond to of 362169
 
‘Grimmest’ Davos Ever Brings Anger, Finger-Pointing at Bankers

By James Hertling and Simon Kennedy

Feb. 2 (Bloomberg) -- The theme of the World Economic Forum’s annual meeting was “Shaping the Post-Crisis World.” Unfortunately, the assembled executives, policy makers and do- gooders were stuck in the here and now.

The search for scapegoats and the worst economic prospects since World War II resulted in a gathering marked by fear, anger and bitterness, a far cry from the usual search for consensus.

Turkish Prime Minister Recep Tayyip Erdogan stormed out of a panel discussion and Russian Prime Minister Vladimir Putin hectored the U.S. as the font of the world’s economic woes. Almost everyone blamed the few bankers who showed up for the near-collapse of the financial system.

Attendees were “less reluctant to criticize, and sometimes very vocally criticize, the U.S. and its capitalist system because of the problems we’re having,” said David Rubenstein, co-founder of the Carlyle Group, who first came to Davos a decade ago. “Maybe that’s deserved, but it’s a big change.”

“Everyone I spoke to says it’s the grimmest Davos they’ve ever been to,” said Kenneth Rogoff, professor of economics at Harvard University and a World Economic Forum regular since 2002. “The mood has been very depressed. It’s a low-burn depression.”

Another big change was the virtual absence of Wall Street figures among the 2,500 delegates at the conference, which ended yesterday.

‘Stupid Things’

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon was the only U.S. banking chief who showed up. He made a concession to the mood of this year’s event by accepting some blame for the collapse that has led to more than $1 trillion of writedowns. He deflected the rest at regulators.

“God knows, some really stupid things were done by American banks and by American investment banks,” Dimon said. “To policy makers, I say: ‘Where were they?’”

That attitude was tough for some to swallow. At one session, a call for curbs on bankers’ bonuses was met with applause by sections of the audience.

“We should not trust these bankers,” said Nassim Nicholas Taleb, author of the best-selling book “The Black Swan.” “Look at their track record. The only way to stop the process is for the government to own those banks.”

With the world’s elite nursing a collective hangover after the greatest era of global prosperity came to an end, there was enough bile to go around.

Erdogan’s Walkout

Erdogan stunned a packed house on Jan. 29 by walking out on a debate on last month’s war in the Gaza Strip. He claimed that the session’s moderator didn’t give him equal time with Israeli President Shimon Peres and vowed never to return to Davos. By the time he met the press an hour later, he promised to reconsider.

Anyone who thought Barack Obama’s election as president would temper criticism of U.S. policies would have been disappointed. Economists questioned his $819 billion stimulus plan, urged him to deliver another rescue package for banks and fretted about soaring national debt.

“People are looking for the solution but don’t yet have the question formulated,” Arif Naqvi, chief executive officer of Abraaj Capital Ltd., which manages $7.5 billion, said.

The need for action wasn’t in debate. Away from the slopes, U.S. stocks capped their worst ever January, the International Monetary Fund forecast the weakest global growth in 60 years and companies from Starbucks Corp. to Caterpillar Inc. cut jobs.

Deepening Recession

That led many attendees to predict they’ll still be in a funk when they return in 2010.

“We’re in a multi-multi year problem,” Howard Lutnick, chief executive officer of Cantor Fitzgerald LP., said. “We’ve weathered horrible times before. That’s what lies ahead of us now.”

Delegates also took turns bashing America’s policies and its role in the world.

Chinese Premier Wen Jiabao and Putin cited the U.S. for leading the world into recession in back-to-back speeches on the opening day.

“Just a year ago, American delegates speaking from this rostrum emphasized the U.S. economy’s fundamental stability and its cloudless prospects,” Putin said.

To cap it off, Putin dismissed a query from audience member Michael Dell, head of personal-computer maker Dell Inc., about what the technology community could do to assist Russia.

“We don’t need any help. We are not invalids,” Putin said.

Balanced Tone?

The spats gave this year’s conference a more balanced tone, said Bahraini banker Khalid Abdulla-Janahi, who remembers then- Vice President Dick Cheney “hammering the Russians, the Iranians and many others” during his 2004 visit.

“This time, it was a two-way street,” said the chairman of Ithmaar Bank BSC. “We heard Putin hammering the West and Erdogan standing up to Peres. That’s how it should be.”

Those who made it to the five-day Alpine retreat insisted that they weren’t wasting their time or their money --and they really didn’t mind the muted tone of the event’s party circuit.

“People are conscious about throwing parties or even smiling this year,” said Martin Sorrell, chief executive of WPP Group Plc. “It’s become a little too big, but it’s never been more relevant.”

To contact the reporter on the story: James Hertling in Davos at jhertling@bloomberg.net; Simon Kennedy in Davos at skennedy4@bloomberg.net

Last Updated: February 1, 2009 18:01 EST