We are non-commercial, all volunteer and supported by our readers. Please help sustain the Dew by making a donation.
Number of posts: 2
Email address: email
Posts by Pat Garofalo:
With the New Hampshire primary now secured by Mitt Romney, the GOP presidential candidates are setting their sights on South Carolina, the nation’s first southern primary. And in one big respect, South Carolina is significantly different from the two states that preceded it in casting votes for the GOP nominee: its high school graduation rate is far lower.
In 2010, New Hampshire had the ninth highest high school graduation rate in the country at 83.3 percent. Caucus state Iowa was third, with 86.4 percent. South Carolina, however, is 49th, at 61.9 percent.
Yesterday, Jefferson County, Alabama, filed the largest municipal bankruptcy in U.S. history, the final step in a sordid tale involving sewers, credit swaps, and some of the nation’s biggest banks. The bankruptcy became necessary “after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart.”
The swap deal that sunk Jefferson County was crafted by the mega-bank JP Morgan Chase (in concert with other banks, including Goldman Sachs). As Rolling Stone’s Matt Taibbi put it when describing JP Morgan’s actions in Jefferson County, “here you can see a trail that leads directly from a billion-dollar predatory swap deal cooked up at the highest levels of America’s biggest banks, across a vast fruited plain of bribes and felonies — ‘the price of doing business,’ as one JP Morgan banker says on tape.”
Worthy of Comment
Also on the Dew
April 25 was the one-day of the year Ashley met up with his old army buddies. He left early in the morning to march down the main street of the town and then visit the Returned Servicemen’s Club. It was a long day, the only day of the year he drank alcohol because his stomach had been ulcerated by chlorine and mustard gas a long time before. At the end of the day he would be violently ill but said it was worth the agony and the inevitable lecture from his wife. He stopped at our house on his way h Read on →
Occupy lives from coast to coast. It's just no longer news. In Oakland, the images of martyred young men are "planted" along with real flowers and trees to start a garden of hope. That's the Oakland Spring. Three years ago. https://www.youtube.com/watch?v=LpNwxysHUS0 Read on →
The Lady Juliana was built in the Thames River, London. She was a fine looking three-masted barque of about 400 tons, 110 feet long, 30 feet beam and two decks. It is believed she was the first British ship captured by American privateers in May 1776, near Cuba, on a passage from Jamaica to London. While en-route to Rhode Island the captive Lady Juliana was re-taken by a British man-of-war and conveyed to England where she resumed her role running to and from the Caribbean. In September 1782 the Lady Juliana was struck by lightning and lost her main mast Read on →
Back many years ago when I graduated from high school, my father made me a promise that changed my life and we should make the same promise to all of our children in South Carolina. As a callow youth with my brand spanking new diploma in hand, I was simply excited about graduating and looking forward to celebrating with my friends. But before things got too far out of hand, my father pulled me aside, looked me straight in the eye and made me a serious and solemn promise. “As long as I’m financially able,” he said, “I will pay for all of Read on →