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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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In business school there is little ambiguity as to the mission, money ... profits. In art school it's a little different. The one I went to required focus, after a year of fundamentals, on one of several options: Advertising, Illustration, Industrial Design (all, you'll note, with the same point as business school) or Fine Art. Within the Fine Arts, by year three, one selected a major: painting, sculpture or printmaking. Of course everyone knew that “fine art” was a commodity, but it was considered crass to dwell too much on that area. So what, if not money, was the point? Wel Read on →
That the Crimean Crisis would be exploited by Republican Congressional leaders to criticize President Obama was inevitable. Politics hasn’t stopped at the water’s edge in the United States for a very long time. What wasn’t inevitable was the shamelessness of Senator John McCain’s denunciation of President Obama in a speech to the most powerful ethnic foreign policy lobby in Washington. In a March 4th address to the American Israel Public Affairs Committee (AIPAC), the Arizona Republican complained about a “feckless foreign policy where nobody believes in America’s strength anymore.” Yet after insisting that Russian action in Crimea “must be made unacceptable to the world commu Read on →
When they were small my husband used to say, “With a mother like you, Columbus would never have discovered America.” I knew I was over-anxious and didn’t want to burden them; I could barely contain my anxiety when small boys walked along a pier by the sea peering down at the fish (I couldn’t swim) or stood on a cliff’s edge (I suffer from vertigo) but I could keep quiet about my night vigils when they were growing up. In their late teens and early twenties (it’s legal from age 18 to drink in British pubs) they sometimes came in drunk and I relie Read on →
The feeling of your tires losing traction on an icy road is hard to label. You'd think it might feel like falling, a sudden stop or start, a gut-twisting vertigo as the ground drops away, but it's not that dramatic. Instead of physics slapping you with your own momentum, you feel, perhaps, like the road has just started lying to you. The motions of your hands and feet, something you've felt so very confident in for years, aren't following through on their promise. You're clearly steering in one direction, applying just so much pressure to the pedals, but the road Read on →