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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.”
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Well, He Hands You A Nickel, He Hands You A Dime . . . Such was the way Maggie's brother treated workers in Bob Dylan's "Maggie's Farm," but Charles Oscar Finley doled out considerably more to the Beatles in 1964: $150,000. Charles Oscar Finley longed to be adored, if not loved, though he acted despicably at times. He considered himself a self-made man and expected other men to meet his standards, even as those standards shifted wildly. In the mid-1940s, flat on his back with tuberculosis, Finley envisioned ways to make a fortune in the health insurance business. All Finley had Read on →
When you get interested in painting you naturally look around to see what others who got this bug have done. Finding out what painters are doing in the U.S. today is like listening to rock on the radio. You have to wade through a lot of “forgettables” before you hear one that will be an “oldie” in ten years. Museums show oldies. Most of their collections have been filtered. The forgettables have been thrown out. On this painting journey you will run across an opinion that painting is dead, irrelevant, old paradigm. You can ignore that, and be sure you will en Read on →
How does that happen? Mostly, it's the result of a mixture of hubris and inadvertence. Humans, stuck on themselves, think they know it all. Others are convinced "all it takes is the idea" (the ExxonMobil slogan) and, as it was in the beginning, man says the word and nature is obedient. Fortunately, the age of electronics has made it possible to virtually eliminate inadvertence. We can look ahead and simulate what will happen, if we repeat the mistakes of the past. That's what James Holland is doing with the various projects at Cannon's Point in the marshes on the coast of Read on →
People like Bill O'Reilly call upon people to raise themselves up while helping keep a foot on their necks. Conservatives like O'Reilly do have some kernels of truth on their side. They rightly think people should develop good character, including virtues such as discipline and responsibility for oneself. And they are rightly concerned to assure that social policies don't discourage people from developing such virtues. But after those kernels of truth, their map of the world is dominated by a river of denial. First, as Jon Stewart pointed out in his confrontation with O'Reilly, they deny how much their own ascent was boosted Read on →