November 2, 2009
MONDAY'S MINI-REPORT.... Today's edition of quick hits:
* Afghanistan: "Afghan officials canceled a runoff presidential vote set for Saturday and declared President Hamid Karzai the winner on Monday, a day after his remaining challenger, Abdullah Abdullah, withdrew."
* Pakistan: "A suicide bomber killed 35 people outside a bank near Pakistan's capital Monday, as the U.N. said spreading violence has forced it to start pulling out some expatriate staff and suspend long-term development work in areas along the Afghan border."
* U.S. manufacturing activity grew in October at the fastest pace in more than three years.
* And in other encouraging economic news, Ford is doing surprisingly well of late: "The Ford Motor Company posted a surprise third-quarter profit of $997 million on Monday and said that it had had its first profitable quarter in North America in more than four years. The carmaker also said that, at least temporarily, it had stopped rapidly depleting its cash reserves."
* A health care reform bill may very well reach the floor this week, with a vote next week.
* Goldman's sales and its clandestine wagers: "In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting."
* CNN is very bad at stimulus math. The Associated Press is far better.
* Big Dog celebrated in Kosovo: "Thousands of ethnic Albanians braved low temperatures and a cold wind in Kosovo's capital Pristina to welcome former President Bill Clinton on Sunday as he attended the unveiling of an 11-foot (3.5-meter) statue of himself on a key boulevard that also bears his name. Clinton is celebrated as a hero by Kosovo's ethnic Albanian majority for launching NATO's bombing campaign against Yugoslavia in 1999 that stopped the brutal Serb forces' crackdown on independence-seeking ethnic Albanians. (thanks to D.D. for the tip)
* The abuse of power scandal surrounding Maricopa County Sheriff Joe Arpaio is pretty serious stuff.
* Nice charts on why U.S. health care costs so much.
* A tentative agreement on a media shield law.
* When it came to his employees leaking the name of a covert CIA official during a war, Dick Cheney sure was forgetful. Indeed, he couldn't recall much of anything.
* An actual fist fight among staffers at the Washington Post? Wow.
* Making higher ed more consumer-focused.
* DVR users are watching commercials. That's surprising.
* Another setback for the Washington Times' goal of being considered a credible newspaper.
* If Fox News had ethical and journalistic standards, this Mike Huckabee lapse would be a huge deal.
* And finally, this is a thought I ponder all the time: "Imagine what would have happened to Joe Lieberman long ago if Lyndon Johnson were President." Or, of course, if LBJ were Senate Majority Leader.
Anything to add? Consider this an open thread.
—Steve Benen 5:30 PM
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A fistfight at the WaPo? In the STYLE section! The cliche possibilities are endless;>
Posted by: martin on November 2, 2009 at 5:55 PM | PERMALINK
It warms the cockles of my evil little heart to wonder what George Bush must be thinking about Clinton getting a hero's welcome in Kosovo instead of being pelted with shoes.
Posted by: T-Rex on November 2, 2009 at 6:04 PM | PERMALINK
RE: the WaPo fight, I agree with martin above, but will hold off snarking on the line from "To Wong Foo..." about STYLE over substance. :) There's very little of the latter left there.
Posted by: Michael W on November 2, 2009 at 6:04 PM | PERMALINK
The case of Maher Arar, the Canadian citizen who was arrested at JFK and shipped to Syria to be tortured and interrogated for almost a year, was dismissed by a federal appeals court today. The court claimed the case could not be heard without disclosing sensitive military details. This is bunk: we can hear his case and consider justice without jeopardizing national security. What is not allowed, apparently, is holding our own officials -- former officials, in this case -- accountable to the law.
Posted by: Algernon on November 2, 2009 at 6:09 PM | PERMALINK
Well, the Washington Post fight is amusing. But I'd really like to see Eugene Robinson deck Bill Kristol.
Posted by: fostert on November 2, 2009 at 6:15 PM | PERMALINK
On the "Big Dog" in Kosovo: See David N. Gibbs,"First Do No Harm: Humanitarian Intervention and the Destruction of Yugoslavia" Vanderbilt U. Press, 2009.
Posted by: shoebeacon on November 2, 2009 at 6:17 PM | PERMALINK
Re Arpaio's investigation:
Maybe that's why he's now trying to play the helpless, persecuted victim, who's being gunned at from every corner?
http://www.nytimes.com/aponline/2009/11/01/us/AP-US-Arizona-Sheriff-Security.html
Posted by: exlibra on November 2, 2009 at 6:21 PM | PERMALINK
I would vote for Maher Arar to be Prime Minister just to zap American legal hypocrisy about officials, FBI, CIA, etc.
Better fix that down there.
Posted by: Bob M on November 2, 2009 at 6:24 PM | PERMALINK
* DVR users are watching commercials. That's surprising.
i rarely watch live tv any more, preferring to record or sometimes delay what i'm watching just so i can skip through the commercials. it's amazing how much more pleasant the experience can be.
Posted by: mudwall jackson on November 2, 2009 at 6:45 PM | PERMALINK
This Goldman Sachs stuff etc. should be prosecuted as fraud. Obama is too in bed with those Wall Street types and we can't be afraid to criticize.
Posted by: delver on November 2, 2009 at 8:32 PM | PERMALINK
"Big Dog celebrated in Kosovo: Thousands of ethnic Albanians braved low temperatures and a cold wind in Kosovo's capital Pristina to welcome former President Bill Clinton on Sunday as he attended the unveiling of an 11-foot (3.5-meter) statue of himself on a key boulevard that also bears his name. Clinton is celebrated as a hero by Kosovo's ethnic Albanian majority for launching NATO's bombing campaign against Yugoslavia in 1999 that stopped the brutal Serb forces' crackdown on independence-seeking ethnic Albanians."
Add that to the William Jefferson Clinton Peace Center established in Enniskillen, Northern Ireland for his brokering of the Good Friday Peace Accords and ending decades of bloodshed in Northern Ireland.
Posted by: Joe Friday on November 2, 2009 at 8:38 PM | PERMALINK
RE: Goldman's sales
Anyone who bought these mortgages obviously thought they were worth more than goldman, otherwise goldman wouldn't have sold them (i.e. they would rather have the cash) and the buyer would rather have the securities.
The problem isn't that goldman thought that real estate was goind down... lots of smart people thought that - see krugman, paul.
The problem is that the government paid off AIGs debts completely, instead of the 60 or 70 cents on the dollar they should have paid off.
Posted by: tomboy on November 2, 2009 at 9:50 PM | PERMALINK
i rarely watch live tv any more, preferring to record or sometimes delay what i'm watching just so i can skip through the commercials. it's amazing how much more pleasant the experience can be.
Posted by: cewek lonte on November 2, 2009 at 11:08 PM | PERMALINK
Anyone who bought these mortgages obviously thought they were worth more than goldman, otherwise goldman wouldn't have sold them (i.e. they would rather have the cash) and the buyer would rather have the securities.
Posted by: cewek lonte on November 2, 2009 at 11:09 PM | PERMALINK
Suddenly it's 1968 again and here we go, propping up a shit government because if we don't wreck the country then the Bad Guys will wreck the country and we can't have that.
It was not a surprise when the epidemic of corruption in Afghanistan produced a rigged election. It was surprising that the administration accepted today's outcome without a quibble. Hamid Karzai's appointment to a second term as Mayor of Kabul, er, President of Afghanistan, will result in no more good for the people of Afghanistan than did his first term. We're spending blood and treasure to prop up a man who has combined corruption and ineptitude to a degree rarely seen in the name of what? Oh, right; because if we don't do whatever it is that we're trying to do in Afghanistan then the whole region will fall to the Islamic fundamentalists just as all of Southeast Asia went Communist after we left Vietnam.
Posted by: Dennis-SGMM on November 3, 2009 at 1:19 AM | PERMALINK
"I don't recall" is the new "I plead the Fifth."
Posted by: getplaning on November 3, 2009 at 1:21 AM | PERMALINK
In addition to the administration's dog and pony show in Afghanistan, I find their behavior with respect to the jewish settlements in Palestine equally incomprehensible. Is this administration deliberately trying to scuttle the peace process there, or are they just tone deaf ?
Posted by: rbe1 on November 3, 2009 at 3:38 AM | PERMALINK
From the NY Times (http://www.nytimes.com/2009/11/03/sports/03runner.html?hp)
"As soon as Meb Keflezighi became the first American to win the New York City Marathon in 27 years, an online dispute erupted over his heritage."
We are no longer, (were we ever), a nation of immigrants.
Posted by: Marc on November 3, 2009 at 7:05 AM | PERMALINK
An actual fist fight among staffers at the Washington Post? Wow.
The first rule of fight club is you don't talk about fight club.
Posted by: Gregory on November 3, 2009 at 8:16 AM | PERMALINK
Just because people let commercials run on DVR doesn't mean they're watching them. Since you still have to pay attention to the screen I just let it run and use the time to read.
Joe
Posted by: joe powers on November 3, 2009 at 12:42 PM | PERMALINK