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Number of posts: 2
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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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Last week Americans saw heavy media coverage of the death 50 years ago of President John F. Kennedy. I couldn't help but compare the aftermath and funeral of JFK with that of Abraham Lincoln, both victims of assassins. One reason this came to mind is because I had just finished a year-long project -- reading Carl Sandburg's six volume biography of Lincoln. (Altogether, it was about 2,400 pages, and that in small type. I gave myself a year to read it, and as a reward, could read a shorter book when I finished each volume.) Sandburg's massive biography is a great read, Read on →
"Sticks and stones may break my bones, but names will never hurt me." There is considerable cultural wisdom embedded within idioms, fables and nursery rhymes. Consider "The early bird gets the worm," "The Tortoise and the Hare," and "The Boy Who Cried Wolf." Which makes the "sticks and stones" adage such a glaring exception. As a child, I broke three bones, once turning my forearm into a stair step by slipping from a swing -- at the zenith of its rearward arc -- onto wet grass. Although traumatic at the time, my orthopedic mishaps have long since healed, and I give them Read on →
Will the Republicans nominate Chris Christie for president in 2016? Not if my reading of historical forces is correct. Christie’s landslide re-election victory in New Jersey should tell Republicans that they have a better chance of winning power with candidates who can reach out beyond the Republican base than with those whose extremism alienates Independents and Democrats. But Christie has run afoul of the base’s adamant insistence on “purity” in adhering to the party line. Even as he tacks to the right on issues like universal background checks for purchases of guns, the base is unlikely to forget how this New Jersey governor, with his s Read on →
"If you ever get the chance to go to Dallas, take it from me, pass it by," so sang Jimmy Buffett. "People do you wrong down in Dallas," the song pointed out. "Dallas," written by Roger Bartlett in 1974, had nothing to do with the pain we associate with "Big D." Yet the tragedy and heartache still comes to mind whenever the song is played -- at least 'round here. Some of John F. Kennedy's advisers wished the president would pass Dallas by. His personal secretary, Evelyn Lincoln told JFK of premonitions about a Dallas trip. Kennedy revealed a sense of Read on →