By Lambert Strether of Corrente.
Readers, whenever I put on my yellow waders and post on Clinton it takes longer than I expect; so I’m putting up stats now, and I’ll return in short order with lots more!
UPDATE 3:30PM Now revised. Sorry again for the delay.
“The controversial TPP trade deal in two minutes” [CNN]. Sigh. It’s not a trade deal. Here’s how they frame ISDS: ” 10) The deal allows companies and countries to challenge another nation’s laws and rules that have the effect of limiting overseas companies from competing in their market. But U.S. critics say that could allow foreign companies to use the agreement to invalidate U.S. safety rules and regulations.” Note that left and right frame ISDS as a surrender of national sovereignty.
“‘They ought to run a crawl along the bottom of the screen, [saying] ‘This is NOT a debate for junior high school class president’, Mr Springer told the Financial Times” [Financial Times, “Trump show too juvenile for Jerry Springer”]. O tempora! O mores!
This is awesome:
Yes I believe Hillary will fight the prison industrial complex and the factory farming industry Despite taking their money
— Russell Simmons (@UncleRUSH) March 4, 2016
Howard Dean to voters: Drop dead!
— Howard Dean (@GovHowardDean) March 5, 2016
Oh, Ho-Ho! How could you?
“Judge: Wichita State statistician can’t have tapes to audit voting machines” [WIchita Eagle].
The Flint Debate
“All you had to do was watch Sunday night’s debate in Flint, Michigan, to realize Sanders isn’t nearly ready to quit” [Politico]. And you know that if Clinton had won, that’s what would have been splashed over Politico’s home page, and all the other Acela riders, too.
“Testy debate suggests Clinton and Sanders battle will continue” [McClatchy]. Well, that and what Sanders has said, and continuing support from his coalition, as measured by contributions, which means he can tell the DNC to take a hike.
Clinton said again she would release the transcripts only if all other candidates who have given paid speeches did. She also said that she stood up to Wall Street. “I have a record,” she said. “And you know what, if you were going to be in some way distrusted or dismissed about whether you can take on Wall Street if you ever took money, President Obama took more money from Wall Street in the 2008 campaign than anybody ever had.”
Sanders quipped: “Secretary Clinton wants everybody else to release it, well, I’m your Democratic opponent, I release it, here it is. There ain’t nothing. I don’t give speeches to Wall Street for hundreds of thousands of dollars, you got it.”
I don’t have to tell NC readers how weak that “quip” is. (And Clinton’s effrontery really is boundless, isn’t it? Then again, Russell Simmons agrees with her.)
“The Hillary Clinton-Bernie Sanders clash over the auto bailout, explained” [WaPo]. This is classic:
“I voted to save the auto industry,” [Clinton] said. “He voted against the money that ended up saving the auto industry. I think that is a pretty big difference.”
What Clinton said is technically true, but it glosses over a lot of important nuance, including the fact that Sanders is actually on the record as supporting the auto bailout. He even voted for it.
So “techically true” means false, thenk? It’s a topsy-turvey world! (Even leaving aside the idea that a died-on-the-wool Socialist would do such a thing.)
“Clinton insiders are eager to begin recruiting to their cause Republicans turned off by the prospect of Donald Trump — and the threat of Sanders sticking it out until June makes the general election pivot more difficult” [Politico]. I have long held that Clinton does not want Sanders voters, and now I am confirmed in my view. Clinton wants moderate Republicans instead, for reasons temparamental (Goldwater Girl), financial (ka-ching), and institutional. Socialism and liberalism do not mix (even Sanders’ mild version of it). In addition, the Democratic establishment refuses to recognize that Sanders has broken their squillionaire-dependent funding model, and in consequence has gleefully stomped on youth voters (who needs ’em, anyhow?). It really is time for Sanders to start thinking about converting his campaign into a standalone entity that will continue beyond the election. What’s wrong with SFA (Socialists for America?)
“Clinton must make Elizabeth Warren her vice president” [Dana Milbank, WaPo]. Ugh.
“Over the next two weeks, Sanders campaign surrogates — and, in some cases, the candidate — will meet with local activists. The campaign has employed this strategy before, but surrogates and aides said now it will be more publicized. Sanders, according to two sources briefed on the campaign’s plans, will also be more specific about economic inequality and its effect on black communities in his stump speech” [Buzzfeed].
“Right now, when you look at the political revolution — it needs to be more , and his economic proposals need to be more more explicit on the ground and publicly,” the activist [who wasn’t authorized to speak for their organization] said. “The Clintons will exploit that. When he’s talking about it, he’ll give specific examples on the stump in ways he hasn’t before, is my understanding.”
We discuss intersectionality today. Note especially Appendix 1, where the Sander’s site’s Racial Justice page is presented as a model.
“The Seattle Times editorial board recommends John Kasich, Bernie Sanders” [Seattle Times].
“Andrea Mitchell Pulls the Mask Off Harry Reid” [Down with Tyranny]. How the “neutral” Reid delivered Nevada to Clinton.
“Hillary Calls for Michigan Gov’s Resignation an Hour After Her Spox Slammed Bernie for Same” [Mediaite]. Send in the bots! There have to be bots!
This could be the last time [Avedon’s Sidehow]. An excellent wrap-up of commentary on Super Tuesday.
“Mark Zuckerberg’s $100 million donation to Newark public schools failed miserably — here’s where it went wrong” [Business Insider]. Maybe somebody should ask Cory Booker, before his VP aspirations become embarassingly open?
New York: “On the Democratic side, Clinton had a 21-percentage point lead over Bernie Sanders, 55% to 34%, the same as it was a month ago, the [Siena] poll found” [USA Today]. Sanders position on fracking will help him, but only upstate. Was Sanders “pragmatic” enough to offer Sharpton a suitcase full of cash?
Supreme Court Trench Warfare Watch
“Here are judges the White House is considering for the Supreme Court” [WaPo]. All acceptable to Republicans, none with a paper trail.
Labor Market Conditions Index, February 2016: “The labor market conditions index, which is a broad composite of 19 separate indicators, fell back to minus 2.4 in February vs a downward revised minus 0.8 percent in January” [Econoday]. “Strength tied to payroll growth or the gain in the labor force participation rate are being offset by February’s drop in average hourly earnings and the decline in temporary help payrolls as well as declines in non-government data such as the jobs-hard-to-get subcomponent of the consumer confidence report or the jobs-hard-to-fill component of the small business optimism index. These results are a surprise [no they aren’t] and offer a different look at the labor market, one that would confirm expectations for no action at next week’s FOMC meeting.”
Employment Trends: “The Conference Board’s Employment Trends Index – which forecasts employment for the next 6 months declined suggesting ‘that the rapid job growth in recent months is likely to slow down'” [Econoday]. Just in time for the election!
Gallup US Consumer Spending Measure, February 2016: “Americans’ daily self-reports of spending increased slightly” [Econoday].
Bonds: “The world’s biggest bond investors are leaving themselves with almost no room for error” [Bloomberg]. “More than $2.5 trillion of euro-area government debt all but guarantee losses for buyers. Traders are ramping up wagers on a selloff in German bunds as 10-year yields approach April’s record lows. And jitters in the market are at levels last seen during the stunning rout in European debt markets a year ago.” What could go wrong?
Commodities: “Ore with 62 percent content delivered to Qingdao jumped 19 percent to $63.74 a dry metric ton, Metal Bulletin Ltd. data show. That’s the biggest gain in daily data going back to 2009 and the highest price since June” [Bloomberg].
Debt: “As Russia’s economy falters, its citizens are sinking deeper into debt—and bill collectors are going after them with vehemence. In recent months, collection agents have been charged with assaulting debtors, vandalizing their cars, even destroying baby carriages parked outside apartments” [Bloomberg].
The Fed: “We are heading into the March FOMC meeting next week. The recessionistas are on the sidelines, waiting for data to turn in their favor. I suspect they have a long wait.” [Tim Duy’s Fed Watch].
“Arrogance at The Economist” [Economics versus Reality]. Say it ain’t so!
“New paper examines the details behind stock market ‘flash crash'” [Phys.org]. “The paper asserts that unsettled market conditions early in the day, combined with a huge sell order for the popular E-mini S&P 500 futures security by mutual fund manager Waddell & Reed helped trigger the sell-off. They point to and agree with a 2010 joint report by the Commodity Futures Trading Commission and the Securities and Exchange Commission that came to the same conclusion.” Readers?
Today’s Fear & Greed Index: 73, Greed (previous close: 71, Greed) [CNN]. One week ago: 54 (Greed). (0 is Extreme Fear; 100 is Extreme Greed). Last updated Mar 7 at 1:22pm. Stalled in the mid-70s?
“High-tech ‘bazooka’ fires a net to take down drones” [BGR]. Can’t we give cops these? Or loogie guns? Which aren’t designed to kill?
“Dead Wood Brings New Life.” Quick, somebody tell the Democrats! [Washington Department of Fish and Wildlife]. “Hard to believe, but trees can actually provide more habitats for wildlife dead than when they are alive. Standing dead and dying trees, called “snags” or “wildlife trees,” are important for wildlife in both natural and landscaped settings, occurring as a result of disease, lightning, fire, animal damage, too much shade, drought, root competition, as well as old age. Birds, small mammals, and other wildlife use snags for nests, nurseries, storage areas, foraging, roosting, and perching.”
Black Injustice Tipping Point
“The First Time Texas Killed One of My Clients” [The Marshall Project]. Heart-rending.
Dear Old Blighty
“Forelocks at the ready, peasants. It’s time to Clean for the Queen. In honour of Her Majesty’s birthday, Tory politicians and major retailers have come together to encourage all good citizens to clean up their neighborhoods next weekend. Around the country, purple billboards, formatted in the style of those cloyingly awful “Keep Calm and Carry On” posters, urge the underclass to “spruce up your streets! vacuum your villages!”, as if Hyacinth Bouquet had suddenly been appointed Supreme Leader. The jolly press releases fail to mention that the reason the neighbourhoods got dirty in the first place is that the council cleaners were fired. Major sponsors of the event include McDonalds, Greggs, Costa and Kentucky Fried Chicken, who are hardly irresponsible for the mess” [New Statesman]. Maybe I should have filed this under Class Warfare, but then everything in Blighty is class warfare, innit.
The New Yorker’s Alec MacGillis covers the carried interest loophole [The New Yorker]. I’d love to see this shredded, but I’ll just pick out one little gem even I can see:
After President Obama was sworn in, he was cautioned by Treasury Secretary Tim Geithner not to go after high finance too hard. Geithner worried about imperilling the fragile recovery, and he wanted to coax financiers into accepting other industry reforms. Even so, by 2010, when the recession had officially been over for several months, congressional Democrats were talking about closing the carried-interest loophole with renewed seriousness.
Leaving aside the curious assumption that Geithner and Obama were acting in good faith, “imperilling the fragile recovery”?!?!? In January 2009? Four months after Lehman?
“And as the rich own a greater share of real estate, major cities like New York, Los Angeles and London are going through a kind of ‘resortification,’ familiar to posh beach towns or ski resorts, as their populations become more seasonal” [New York Times]. These are all wonderful cities that I love. Only a global elite as ruinously stupid as our own could crapify them.
“Marijuana Men” [Vice]. Out: Black felons from the neighborhood. In: White mean wearing suits. ‘Twas ever thus!
[The marijuana industry] is in a prime position to push for justice. As legalization spreads and the cannabis profit grows, Big Weed could lobby for convictions to be overturned, for charges to be vacated. But I saw no sign at the conference of anyone concerned with giving back, of leveling the playing field, of righting the wrongs wrought by the war on drugs.
“Those of us who don’t live in trailer parks or inner cities might think low-income families typically benefit from public housing or some other kind of government assistance. But the opposite is true. Three-quarters of families who qualify for housing assistance don’t get it because there simply isn’t enough to go around. This arrangement would be unthinkable with other social services that cover basic needs. What if food stamps only covered one in four families?” [New York Times]. “Throughout our history, wage gains won by workers through organized protest were quickly absorbed by rising rents. As industrial capitalists tried to put down the strikes, landlords cheered workers on. It is no different today. When incomes rise, the housing market takes its cut.” What, the Grey Lady is hiring Communists now?
“That $8 shirt seems like a deal, but it’s actually a huge problem” [TreeHugger]. “Fast Fashion” means near-slave labor, and a lot of environmental damage.
News of the Wired
“Are the Constants of Physics Constant?” [Scientific American]. “[U]nderneath all that change lies one number that connects them all and a number that has remain unchanged as far as we can see in the cosmos. And we don’t know why.”
“Half of inventions “arise unexpectedly” from serendipity—not direct research” [Ars Technica]. “The PatVal study also underscores that the biggest source of inspiration for innovators comes from clients or users, people who will actually be using whatever the inventors create. At the other end of the scale are academic and research institutions, which inventors credit with inspiring very few new ideas.” Note the confusion between “innovation” (business) and “invention” (industry).
Barnes and Noble shuts down Nook [The Register]. “The company says it’s trying to set up a deal with Sainsbury’s Entertainment on Demand ‘to ensure that you have continued access to the vast majority of your purchased NOOK Books at no new cost to you; (emphasis added).” If only publishers had been able to arrange for paper to spontaneously combust after a set interval! Then they might have had a viable business model…
“For Some, iPad Pro Can’t Match PC Strengths” [New York Times]. By some, the Times means “anyone who creates final products using digital tools.” And I love my iPad pro — for sketching and photography and reading the Twitter. But not for serious work. I think Apple has this stupid concept that every user wants to be taking their hands off the keyboard to swipe and tap. No effing way. Of course, as Apple gradually crapifies OS X, I’ll have to go to linux.
“Ray Tomlinson, the man who put the @ in email, passes away aged 74” [TechCrunch]. The only character that’s also a preposition….
— trutherbotblue (@trutherbotblue) March 7, 2016
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Readers, feel free to contact me with (a) links, and even better (b) sources I should curate regularly, and (c) to find out how to send me images of plants. Vegetables are fine! Fungi are deemed to be honorary plants! See the previous Water Cooler (with plant) here. And here’s today’s plant (from a loyal reader who lives on the New Hampshire seacoast):
Fall, alongside the Artichoke River in Massachusetts. Wow!
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