2:00PM Water Cooler 6/11/2018

By Lambert Strether of Corrente.

Patient readers, as usual when I assault another worksheet on the Democrat House races, I’m late with Water Cooler. I apologize to those of you who structure your days around it, but it can’t be helped. OTOH, when I return in an hour or so, I’ll have some happy news. In the meantime, talk amongst yourselves! –lambert UPDATE 4:21PM All done!


“As Trump Tariffs Bite, Firms Dangle Cash Prizes in Lobbying Push” [Industry Week]. “The Commerce Department has been flooded with almost 19,000 requests so far to have products excluded from Trump’s steel and aluminum tariffs.”

“The fury from Trump and his advisers seemed to be linked to Trudeau’s closing press conference on Saturday where he reiterated his commitment to retaliate against U.S. steel and aluminum tariffs. He also repeated his position that Canada would never accept a sunset provision in NAFTA” [Politico]. “Trudeau made clear on Saturday that Canada would in no way agree to a sunset clause in NAFTA 2.0, which it believes is a back-door way for the U.S. to encourage business investment in America instead of in Canada….” Oh.

“The pointed and sometimes personal verbal missiles flying between the Canadian and U.S. won’t change formal policies in the near term. But Mr. Trudeau is pledging to impose retaliatory tariffs in response to new U.S. steel and aluminum levies, and the European Union also looks like its moving forward with new levies, making a peaceful conclusion to the verbal battle seem still more distant” [Wall Street Journal].

“China may be weaving a rebound in U.S. cotton despite trade tensions across the Pacific. After years of stockpiling the fiber, China is re-emerging as a major consumer of American cotton, buying up futures contracts covering more than 360,000 bales of U.S. cotton for 2019-2020” [Wall Street Journal]. “That’s enough to make 400 million T-shirts…, and more than China has booked in data going back some 20 years. China’s buying decision will likely drive up prices in a market where investors believe the country’s big cotton stockpiles have long capped pricing. It will also drive up the country’s import volumes as the Trump administration is calling for Beijing to buy more goods from the U.S.” That’s rather a lot of T-shirts.



“Donald Trump is wooing black voters and killing the Democratic party” [USA Today]. “You’re delusional if you think Donald Trump’s decisions to pardon boxer Jack Johnson and commute Alice Johnson’s sentence aren’t part of a greater plan…. In Detroit, and other urban areas – where we can’t get more than 14% to 20% of registered voters to turn out for a municipal election — and where many people still love Kanye West (though he thinks slavery was a choice) or R. Kelly (who is avoiding jail by inexplicable means) — Trump may be resonating…. [F]earing little, he’s now working on his re-election campaign. Oh, you missed that? Most people did. When Trump announced, it was barely a blip on the national radar. He announced it while being federally investigated and waving off charges that his family is benefiting from his being in office. He had raised $10 million by April. And the NAACP didn’t march. And the Urban League didn’t put out a statement. And in Detroit, no one said a word. While the Democratic Party is sleeping, focused on winning November’s midterms rather than uniting behind a single 2020 candidate to challenge Trump, the president is wooing black voters with the help of Kim Kardashian, who’s married to the Mad Rapper and has 60 million Twitter followers, many of whom are black.”

“Are There Clues About The 2020 Democratic Primary In 2018’s Contests?” [FiveThirtyEight]. Julia Azari: “The fact that the DCCC — rather than ideology or policy — has become a point of argument in Democratic circles and in stories about the primaries illustrates the legitimacy problems that parties now face. Who the f even knew what the DCCC was in 2006? (Full disclosure/self-promotion: I am writing a book about party weakness right now, which emphasizes very long-term and slow-moving processes, including the erosion of party legitimacy.)”

“Myth and Measurement — The Case of Medical Bankruptcies” (letter) [David U. Himmelstein, Steffie Woolhandler, and Elizabeth Warren [New England Journal of Medicine]. “Although they acknowledge the limitations of their analysis, the authors assert that their results ‘suggest that medical factors play a much smaller role in causing U.S. bankruptcies than has previously been claimed.’ Yet medical bills account for a majority of unpaid debts sent to collection, and many other studies confirm that illness often inflicts financial suffering. Debtors’ self-reports do have limitations. But hospitalization is only part of the story, and understanding medical bankruptcy requires multiple forms of empirical investigation, including asking debtors about their histories. Characterizing debtors’ self-reports as ‘myth’ is demeaning to people struggling with health care costs, and artificially narrowing the definition of medical bankruptcy does not improve understanding of its causes.” More here.


“House Ratings Changes: Democrats Breathe a California-Sized Sigh of Relief” [Charles Cook, Cook Politcal Report]. “Tuesday’s results don’t change our overall outlook of a Democratic gain between 20 and 40 House seats (they need 23 for control). But we are changing our ratings in five districts: three in Democrats’ direction and two towards Republicans.”

Obama Legacy

“Witnessing the Obama Presidency, from Start to Finish” [The New Yorker]. “More than any modern President, Obama had a keen sense of the limits of American power—and of his own. But it’s hard to build a narrative around actions not taken, disasters possibly averted, hard realities accommodated. The story of what didn’t happen isn’t an easy one to tell.” No it’s not. For all its technical flaws, The Big Short was a fine narrative about how Obama never took the decision to send the crooks to jail.

Realignment and Legitimacy

“Supreme Court Rules That Ohio May Purge Voters From Registration Rolls” [Governing]. “The Supreme Court made it easier Monday for states to remove occasional voters from the rolls, upholding an Ohio law that drops voters who fail to cast a ballot and do not respond to several notices.” Sounds like legalized caging, to me. But–

“Judge blocks plan to purge Indiana voters before November election” [Indianapolis Star]. “A federal judge in Indianapolis has blocked state election officials’ plans to purge voters before the November election because they may be registered in another state…. “The court’s decision ensures that duly registered voters will not be improperly kicked off the rolls based on flawed Crosscheck data,” Sophia Lakin, attorney with the American Civil Liberties Union’s Voting Rights Project, said in a statement…. The Indiana ruling may have been undercut Monday when the U.S. Supreme Court ruled 5-4 that Ohio did not violate federal laws by purging voters who haven’t voted and failed to return residency confirmation notices.”

“Why More White Americans Are Opposing Government Welfare Programs” (interview) [NPR]. “Americans generally tend to think of ‘racism’ as a stable characteristic of individuals, not something that can be prompted or change in response to changing circumstances or social trends. Since we’re highlighting the way that changing perceptions of the social world influence whites’ racial attitudes, we wanted to use a term [“racial resentment”] that emphasized that these attitudes can change over time, which feelings of resentment more clearly communicates.”

“Amid heated SF mayor contest, pressure mounts to repeal ranked-choice voting” [San Francisco Examiner]. Seems like Democrat moderates and consultants have issues with it. Probably worth keeping, then!

“Ranked choice’s role a wild card in primary” [Portland Press Herald]. “The big unknown is how voters’ use of ranked-choice voting could affect the outcomes of the Republican and Democratic primaries for governor. … Ranked-choice voting has already shifted the dynamics in the Democratic race, and created a buzz in the process. … Last week, two of the progressive Democratic competitors – Eves and Sweet – launched a joint video and canvassing effort in hopes of using the ranked-choice system to rise above the perceived front-runners, Janet Mills and Adam Cote.”

Stats Watch

No official statistics from Econoday today.

Housing: “Tax Reform: Do Loan Application Data Show A Change In Demand?” [Econintersect]. “In the short run, taxes affect the economy primarily through their impact on demand by changes in disposable income and tax subsidies or penalties. To observe if there have been any effects on housing demand, we used CoreLogic Loan Application data through March 2018 in high-cost areas and compared the recent trend with the average of the prior four years (Figure 3a). We then did a similar comparison in the non-high-cost areas (Figure 3b). We didn’t observe any meaningful change in purchase loan application trends compared to earlier years in both high-cost and non-high-cost areas. Perhaps, it is too early to detect the impact.”

Retail: “Anyone looking for the toughest battleground in e-commerce these days should probably follow the money. The latest funding round for the payment business owned by Alibaba Group Holding Ltd.’s chief Jack Ma shows enormous investor interest in the financial underpinnings of online transactions” [Wall Street Journal].

Manufacturing: “Rolls-Royce 787 Engine Woes Widen as Fault Found in Variant” [Industry Week]. “Rolls-Royce Holdings Plc’s engine-durability crisis worsened as the company revealed it has detected new issues that will require extra repair shop visits on a further batch of turbines that power Boeing Co.’s 787 airliner…. The engine maker is set to slash 4,000 jobs as part of the plan in a bid to cut costs and increase profits, the Sunday Times reported, without saying where it got the information. The cull could concern middle management and back-office staff.” That should help…

Shipping: “The hottest commodity in the Permian Basin, beyond the shale oil that is changing America’s energy landscape, may be truck drivers. Demand for drivers for the U.S. oil patch is soaring as pipelines fill up and companies pay heavily to get their goods to market” [Wall Street Journal]. “The surging transportation needs in the Permian come as the trucking industry nationwide is struggling to hire and retain drivers, and may be drawing some drivers away from conventional truckload services. One company says it has raised driver pay twice in the last three months, and equipment costs are also jumping. That’s undermining economic calculations for the crude, and some energy companies say the transport costs are starting to affect their production decisions.”

Shipping: “Murphy’s law of freight” [Splash 247]. “In shipping, digital schedule and excel charts matter, but other things matter more. Information is the very base of the process – it is what you begin with. And at this point, we appreciate all the helpful tools that tech-savvy influencers propose. But the deeper you get to logistics, the more you appreciate your human senses; ability to react spontaneously, experience enriched by many successes, and more importantly failures, your common sense, that helps you to make the right decisions under pressure. But the most important human factor is your relationships. Machines will not be able to possess it any soon, if ever. Because when your own perspective fails and your own knowledge is not enough, there are people around you. People who will support you with their creative ideas, with their various viewpoints, and with their simple preference based on your friendship. This is what logistics is, in the end.” Maybe. I can see an AI-driven support line working successfully to discourage retail customers from actually getting help (“Press H for Hell”, “Press W for Wait”) because what, after all, can one customer do? I’m not sure that scales to a shipping container.

Supply Chain: “Home Depot Sets $1.2 Billion Supply-Chain Overhaul” [Wall Street Journal]. “Home Depot Inc. plans to spend $1.2 billion over the next five years to speed up delivery of goods to homes and job sites as the rise of online shopping resets consumer expectations. The home improvement retailer will add 170 distribution facilities across the U.S. so that it can reach 90% of the U.S. population in one day or less…. Home Depot sales rose 4.2% in the first quarter, lower than analysts had expected. Gardening-supply sales took a hit from unseasonably cool weather in March and April [and May and June!], but the rest of the retailer’s business performed ahead of expectations during the quarter.”

The Bezzle: “Do VCs really add value? — Founders say sometimes.” [Hackernoon]. “One of the starkest contrasts [in our survey] is the way each group scored how impactful and helpful the VC has been for portfolio companies on a scale of one to ten. On a scale of 1 to 10, the average VC scored themselves a 7 while founders perceived them as a 5.3 — a 32% difference… In closing, VCs and portfolio founders generally have the same ambitions — to build an amazing company. Personal chemistry between the founder and VC matters the most, and the tangible value-add VCs think they provide is discounted by founders.” Amazing…

Five Horsemen: “In late morning trade, the Fab Five are mixed in a flat market” [Hat Tip, Jim Haygood].

Five Horsemen June 11 2018

NakedCap Mania-Panic Index: “The mania-panic index remained unchanged at 67 (complacency) after Friday’s mild market gain.” [Hat Tip, Jim Haygood]. (The NakedCap mania-panic index is an equally-weighted average of seven technical indicators derived from stock indexes, volatility (VIX), Treasuries, junk bonds, equity options, and internal measures of new highs vs new lows and up volume vs down volume … each converted to a scale of 0 to 100 before averaging, using thirty years of history for five of the seven series.)

Mania panic index June 8 2018

Rapture Index: Closes down 1 on drought. “Drought conditions have declined with spring rains” [Rapture Ready]. Record High, October 10, 2016: 189. Current: 180.

Health Care

“Would a Single-Payer System Require Painful Sacrifices From Doctors?” [New York Times]. “Single-payer health care systems deliver better outcomes at much lower cost than those that rely primarily on private insurance, as we do in the United States…. In sum, although the switch to a single-payer system would entail lower payments to service providers like doctors, it would also affect their frames of reference and conditions of employment in offsetting ways. International happiness studies offer no reason to conclude that, once it has been fully implemented and absorbed, the switch would require truly significant sacrifices by most American health care providers.” Putting it less politely than the author does: “Doctors for whom greed outweighs the Hippocratic Oath would suffer.” Lambert: As they should, and as their prey has patients have.

Class Warfare

“Five Lessons from the History of Public Sector Unions” [Labor Notes]. “As public sector unions contemplate losing key rights under the law, it’s worth remembering that for much of their history, such unions organized with no rights at all. It wasn’t till 1958 that New York became the first city to authorize collective bargaining for city employees. Wisconsin did the same for state employees in 1959, and federal workers got bargaining rights in 1962. Yet as early as 1940, a book titled One Thousand Strikes of Government Employees described strikes dating back to the 1830s, when workers at U.S. Navy shipyards stopped work multiple times to press demands for better wages and conditions.”

“Don’t Let Them Eat Cake” [Boston Review]. “Is there a meaningful distinction between Jack Phillips, ‘an expert baker and devout Christian,’ as Justice Anthony M. Kennedy described him, and the company he owns, Masterpiece Cakeshop, a limited-liability company? The Supreme Court’s 7–2 ruling in Masterpiece Cakeshop, Ltd. v. Colorado Civil Rights Commission suggests not. … [I]n terms of the relationship between capital and labor, the decision was anything but narrow. The Court’s majority opinion, written by Kennedy, is remarkable for its uncanny and unproblematic conflation of Phillips, the baker, and his business, the bakery. By insisting that the key issues in the case are Phillips’s artistic expression and his religious liberty, the Court was silent on the question of how a company can possess these rights. It did so by assuming not only that corporations are people, but that the cakes made by Masterpiece Cakeshop are produced by Phillips alone, when in fact we know that the bakery has other workers.”

“UPS should risk short-term Teamsters strike to gain flexibility, analyst says” [DC Velocity]. “[Investment firm] Wolfe Research LLC, which has followed the transportation sector for years, said it’s unlikely the Teamsters will strike UPS. However, it added that the Atlanta-based company should not only prepare for it but perhaps embrace it as a means to an end. The Teamsters and UPS are negotiating a new collective bargaining agreement to replace the current five-year pact that expires July 31. Scott H. Group, Wolfe’s lead transport analyst, said in a note that ‘this is a really important labor contract for UPS to get right if it wants to start leveraging strong e-commerce growth.’ Group said that UPS ‘needs significantly more labor flexibility’ in the upcoming contract, and that taking a strike should be considered if it leads to ‘long-term labor flexibility and thus better operating leverage for shareholders.'”

“What It’s Like to Be Part of Bird’s Scooter-Charging Workforce In Atlanta” [MogulDom]. “One might think that to maintain a city-wide flock of Birds, the company must employ a full team in each city it launches in. But, in the age of gig jobs and on-demand work, they’ve figured out a different solution. The company employs a contract workforce, officially called “chargers” but also informally known as Bird ‘hunters,’ that seek out the scooters at night, capture them, bring them home to charge them and then drop them back off the next day. Bird pays $5-$20 per scooter…. Shahid has not experienced safety concerns as a charger, but he has had issues attempting to track down scooters that appeared on the app, but weren’t present when he showed up in real life. He suspects many are sitting in private apartments or yards. ‘This is the kind of messed up thing about it that really angers me — sometimes when I go to get one, probably like 25 percent of them are either in someone’s apartment or they’re just not there,’ he says. ‘I’m pretty sure they’re using the chargers to just verify that, yes, it’s not there.'”

“US Intergenerational Mobility: An International Perspective” [The Conversable Economist]. “[I]t seems plausible that in the US, higher education is acting in part as a way of passing economic success between generations. As a result, the US is not making full use of the talents of many of its citizens.”

News of The Wired

“This Thing For Which We Have No Name” (interview) [Edge] Rory Sutherland: “Math may be an obstacle to good thinking because it’s actually constraining. We have a perfectly good thing called words and grammar, which can describe very complex concepts. Regret, for example—maybe you can’t mathematically express it very easily but it patently affects human behavior. The fear of regret is clearly fairly influential in affecting how people behave. I would argue that from my advertising perspective, one of the reasons people pay a premium for brands isn’t because they’re objectively better, it’s because they’re less likely to be terrible.”

“Suffering, not just happiness, weighs in the utilitarian calculus” [Aeon]. “The utilitarian take on the problem of evil is half-right. Suffering ultimately outstrips our goals and beliefs. To claim otherwise is heartless. But it’s wrong to think that the problem of evil brushes aside God or the goodness of nature. When we refuse to accept a fundamental dimension of suffering, we suffer worse. There’s an immense mystery at the heart of being human: the paradox of opposing and accepting suffering. To abandon either side of the paradox is the real problem of evil.”

* * *

And now for the happy news:

Last year’s cat, Franklin, has re-appeared. In the winter, Franklin lives across the street, but takes up residence for the summer under the church porch behind my desk. Franklin is certainly fed already by one household, and what’s wrong with that?

* * *

Readers, feel free to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, with (a) links, and even better (b) sources I should curate regularly, (c) how to send me a check if you are allergic to PayPal, and (d) to find out how to send me images of plants. Vegetables are fine! Fungi are deemed to be honorary plants! If you want your handle to appear as a credit, please place it at the start of your mail in parentheses: (thus). Otherwise, I will anonymize by using your initials. See the previous Water Cooler (with plant) here. Today’s plant (Carla):

It’s a Viburnum!

* * *

Readers: Water Cooler is a standalone entity not covered by the annual NC fundraiser. So do feel free to make a contribution today or any day. Here is why: Regular positive feedback both makes me feel good and lets me know I’m on the right track with coverage. When I get no donations for five or ten days I get worried. More tangibly, a constant trickle of small donations helps me with expenses, and I factor that trickle in when setting fundraising goals. So if you see something you especially appreciate, do feel free to click the hat!

To give more, click on the arrow heads to the right of the amount.


If you hate PayPal — even though you can use a credit card or debit card on PayPal — you can email me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, and I will give you directions on how to send a check.

Print Friendly, PDF & Email
This entry was posted in Water Cooler on by .

About Lambert Strether

Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the “ism” that delivers the benefits, although whichever one does have to put common humanity first, as opposed to markets. Could be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t much care, as long as the benefits are delivered. To me, the key issue — and this is why Medicare for All is always first with me — is the tens of thousands of excess “deaths from despair,” as described by the Case-Deaton study, and other recent studies. That enormous body count makes Medicare for All, at the very least, a moral and strategic imperative. And that level of suffering and organic damage makes the concerns of identity politics — even the worthy fight to help the refugees Bush, Obama, and Clinton’s wars created — bright shiny objects by comparison. Hence my frustration with the news flow — currently in my view the swirling intersection of two, separate Shock Doctrine campaigns, one by the Administration, and the other by out-of-power liberals and their allies in the State and in the press — a news flow that constantly forces me to focus on matters that I regard as of secondary importance to the excess deaths. What kind of political economy is it that halts or even reverses the increases in life expectancy that civilized societies have achieved? I am also very hopeful that the continuing destruction of both party establishments will open the space for voices supporting programs similar to those I have listed; let’s call such voices “the left.” Volatility creates opportunity, especially if the Democrat establishment, which puts markets first and opposes all such programs, isn’t allowed to get back into the saddle. Eyes on the prize! I love the tactical level, and secretly love even the horse race, since I’ve been blogging about it daily for fourteen years, but everything I write has this perspective at the back of it.


  1. dcblogger

    It was wonderful of Bernie to meet with Disney workers and call attention to the greed of yuge corporations who could easily pay their workers a living wage but keep them in misery. It wasn’t till later that it dawned on the that it really showed up Kamala Harris who represents California and whose job it is to advocate for those workers.

    1. MyLessThanPrimeBeef

      Sanders and $15/hr (or more) minimum.

      If someone is pay $7.25/hr now, and if the min. is raised to $15/hr, that would help a lot for the person (plus multiplier effect).

      Here, we have a person doing the same job, but is getting $7.75/hr more (thanks to the long overdue raise in the min. wage).

      Now, if a person is getting paid $0/hr, doing housework, and we say that with universal basic income, he or she will now get $7.75/hr for doing the same housework, would people who worried about the UBI being inflationary still think the same?

      In both cases, no more work is doing, but people will be getting $7.75/hr more.

        1. RMO

          Aren’t we forgetting what was said as part of the defense case when the Dems were sued for not running the primary fairly and according to their own rules? You know, that as a private society they were not required to be fair and in fact could just decide who gets the nomination in a closed door meeting of a few powerful people regardless of what the voters do? If they were willing to do what they did to keep Sanders out (or even offer him the VP spot or for that matter treat the Sanders supporters with more respect and consideration than that usually given to malignant tumors) the first time when he took them by surprise, what makes you think they won’t go to any lengths to put him down the next time? I don’t think the left wing members of the party have yet managed to change things enough to wrest control from the “centrists.” I am however impressed with just how much they’ve accomplished so far.

  2. diptherio

    Here’s some history about cooperatives, unions, and such in California to fill the gap:


    I found this an interesting tidbit about self-help co-ops during the Depression:

    The Peninsula Economic Exchange, in Palo Alto, was organized by a group of unemployed white collar workers, professionals, and bankrupt merchants. With about a hundred member families, they had a store, a farm, a cannery, woodyard, and fishing boat. Unlike most of the other northern groups, they issued scrip, in-house currency, to members for hours worked. “Scrip exchanges” were more common at first in southern California, but were usually plagued with problems.

    The most highly developed group in California was the Unemployed Exchange Association (U.X.A.), begun in 1932 in Oakland with the leadership of Carl Rhodehamel, an unemployed electrical engineer. Beyond organizing barter and labor exchange, they began producing articles for trade and sale. They set up a foundry and machine shop, a woodshop, garage, a soap factory, a print shop, a food conserving project, nursery and adult school. They had eighteen trucks that they’d rebuilt from junk. They branched outside of town, and maintained a woodlot in Dixon, ranches near Modesto and Winters, lumber mills near Oroville and in the Santa Cruz mountains. At their peak they were providing 1500 people with farm produce, medical and dental benefits, auto repair, some housing and other services. They called it Reciprocal Economy. They made no distinction in labor value between men and women, skilled and unskilled. At first they functioned entirely by barter; it was all done on the books, without a circulating scrip. Members could write “orders” (like checks) against their account to other members for services provided. Eventually they began making trades that involved part payment in cash. All work was credited at one hundred points per hour. Members exchanged points earned for their choice of items in the commissary. Each article brought in was given a point value, which approximated the labor time that went into it, with some adjustment for comparable money value. They offered many services for points, including complete medical and dental, garage, nursery school, and barber. They provided some housing and all of their firewood needs. At their peak they would distribute forty tons of food per week to their members.

    Unions and Self-Help groups often worked together. A good number of workers belonged to both a union and a co-op. Some Self-Help co-ops, such as the San Jose Unemployed Relief Council, were staffed by unionists. Others, such as the U.X.A., decided specifically that they would not seek to take over any jobs already being performed by steadily employed labor. This friendship paid off in mutual solidarity during the San Francisco General Strike. The Self-Help co-ops of the Bay Area were able to move about freely bringing supplies to the strikers, while “normal” commerce was blockaded. Both the unemployed and the strikers had fruit and vegetables “at a time when money could not procure them.”

    While the New Deal famously helped rural America through assisting in organizing co-ops for irrigation, electricity, farming, and other infrastructure, they drew the line at urban worker co-ops, which might challenge the wage system in industries. The New Deal Works Progress Administration (WPA) of 1935 helped with grants to Self-Help co-ops, then also hurt them by not permitting the sale of products made in the co-ops. The WPA struck a mortal blow by not permitting work in Self-Help co-ops to count as WPA hours. Unemployed people desperately needed a cash income, so many – particularly younger people – flooded out of the Self-Help co-ops for WPA jobs.”

    1. pretzelattack

      interesting, fits in with the idea that fdr was saving the system but only to the end of maintaining the basic structure. lots of good ideas, here. we need to start developing these networks even as the system, collapsing slowly (i hope) resists. interesting times.

    2. economicator

      Thank you for sharing this. This is the kind of insightful reference I scan the comments at NC for.

      Agree with pretzelattack about FDR – it appears he knew exactly what he was doing.

  3. Mark Gisleson

    OK I wasn’t going to say this but since I’m sitting here with nothing much to read I might as well share. The Chozick-Obama anecdote was a total yawner.

    Other than a little volunteer work for Bernie, the only presidential campaign I ever worked on was Kennedy in ’80 in Iowa. Everyone came. The Iowa Caucuses were sh*t hot and walking through Kennedy HQ in Des Moines had you rubbing elbows with old family friends, McGovernites, activists of all stripes and, of course, Kennedys.

    Jokes like Obama joking about an FBI investigation of Chozick’s fiance would have been considered very PG. I was still working the graveyard shift at what was then the largest tire factory in the world where I had a 12-letter obscene nickname. By my standards chatter around national level campaign folks was filthy. One guy, John Sasso, became legendary for his off-color language. Same Sasso as got bounced from Dukakis’ campaign for feeding the media the Biden plagiarism video.

    If you believe Jimmy Carter was our first neoliberal POTUS, I think it’s easy to argue that Kennedy was the ‘good’ candidate in 1980. I was there for part of it and the part I heard firsthand was X-rated and not just by today’s standards. But behind closed doors, I’m sure the language is still X-rated. At that level, words like ‘darn’ and ‘heck’ just don’t cover it. From the ‘good’ guys. [To be fair, I heard all the same words from local Carter people who were p*ssed at me for working for Ted.]

    Sorry, Lambert, but Obama’s ‘joke’ was pretty inoffensive and any reporter who made a big deal out of it would have been mocked out of the press corps. And maybe a lot of this is B.S.: upper class swells using gutter language while rubbing elbows with labor types like me. But ‘bad’ language has been a constant on campaigns I’ve been around, and the jokes are the worst (usually told as something the Republicans are telling each other).

    I’d share but I think some of you might be amazed at how truly offensive they were. Intelligent people swear. A lot. Or at least they used to and no, I heard very little swearing hanging out with Bernie folks so this is probably just a geezer story and everyone is much nicer now.

    1. pretzelattack

      i dont believe ted was the good candidate, too many rape stories out of the kennedy compound, too much of a right wing history in the kennedy family. i think robert was the only good one, don’t know for sure if his conversion was real, but we never got the chance to find out. people who challenge the class structure have bad things happen to them, like mlk.

      1. Carolinian

        If Truman Capote was to be believed in Answered Prayers the senior Kennedy was a veritable Weinstein. And Jack and Robert reputedly shared Marilyn. Given the cloud of hagiography and the Kennedy worship among Catholics we may never know the full truth of what they were about. The negative accounts could be exaggerated as well.

    2. Summer

      JFK was the neoliberal prototype for today’s crew:
      “Best and the brightest….”
      Tax cuts after the Eisenhower years while increasing military spending…
      Off-the-cuff….comes to mind

    3. Lambert Strether Post author

      I think the mind-set that equates gutter language with putting the intelligence community at the service of a private individual is interesting. It’s also odd that Chozick would even write up what you regard as a non-story. Sorry you were bored!

      1. Mark Gisleson

        I was probably too anecdotal. My point was that the humor gets pretty rough. It’s a very weird world they live in. Obama’s joke is more like barracks humor than a threat to casually abuse power (which he did in many ways).

        What always fascinated me was how artificial public politics are. The language is scripted and sanitized, bad jokes (mostly) aren’t made, behavior is cleaned up. And the media only shows us that side. Even though they see some of what goes on behind closed doors: the fanny pinching, boozing, adultery, drugs, etc. Which they never mention except after the fact and then usually only if someone’s been disgraced or is safely dead.

        I used to think the end justified the means, but somehow however mean we were, the promised end was never delivered. Yes, swearing’s the least of it, but it speaks to the two worlds our leaders live in: the one they work in, and the one they pretend to work in.

        Chozick gave you a glimpse behind the curtain. I’m just surprised you were surprised.

    4. Richard

      I don’t agree that JC was or is a neo-liberal, but neither was he a New Deal type dem like Kennedy (and yes, there once were quite a few more of them!). I think he came more from the wave of 70’s dem candidates concerned with party reform and open government, in response to the 68′ convention, and to Nixon.
      Not a New Dealer, but a man who did represent a genuine populist groundswell, Carter was the last candidate the Dems nominated before superdelegates. He and McGovern were also the first two candidates nominated after the reign of local party bosses. In other words, voters in primaries would actually decide who the delegates would vote for. In many areas of the country, this had never happened before.
      So I always have a very soft spot for Jimmy, as he is arguably the most democratically chosen president we’ve ever had.

  4. allan

    Insiders Pocket Gains on Buybacks, Vexing Regulator [WSJ]

    Corporate insiders are personally capitalizing on the recent boom in buyback announcements, vexing a top regulatory official.

    Taking advantage of price bumps that often accompany share-repurchase announcements, company executives have been selling significantly more of their stock immediately after the news than they do beforehand, according to an analysis by Robert J. Jackson, Jr. , a commissioner at the Securities and Exchange Commission. …

    Insiders who sell stock into buyout bounces aren’t trading illegally, of course, and Mr. Jackson isn’t accusing them of that. And other investors also have the opportunity to take advantage of the bumps. But these price surges can be especially beneficial to corporate executives holding large chunks of corporate stock looking for an uptick to unload shares.

    “The SEC gives an exemption from market-manipulation rules to companies doing a buyback,” Mr. Jackson said in an interview. “The SEC shouldn’t be making it easier for executives to use them to cash out.” …

    Surely we can crowdfund a paper from Mercatus or Hoover proving simultaneously that
    1. This doesn’t happen.
    2. Even if it did, it would be good for shareholders.
    3. Even if it were bad for shareholders, it would be good for society.

    1. Jim Haygood

      Selling personally-held shares into your own company’s bid from the accountant down the hall, with whom you can chat face-to-face and leave no paper trail: that’s so diabolical I’m ashamed not to have thought of it myself.

      Shares buybacks increase leverage. On the right-hand side of the balance sheet, liabilities stay the same, but the equity cushion shrinks. This is less than ideal [/understatement] for riding out a recession.

      One fears that our stately Boomer cruise ship may break up on the shoals if a storm hits, with the tribute band playing Stairway to Heaven as we discover that the pneumatic lifeboats won’t inflate.

      The pumps don’t work ’cause the vandals took the handles” — Bob Dylan

    2. ewmayer

      Wolf Richter has a – not paywalled, unlike WSJ – piece on this today. Interesting to have a Trump SEC appointee finally state the obvious about this form of legalized stock market manipulation, after 8 years of silence under Obama.

    3. MyLessThanPrimeBeef

      “…aren’t trading illegally.”

      It’s like some Fortune 500 corporations that don’t pay living wages and their employees have to rely on welfare.

      “Not illegal,” only unacceptable.

      The same with the Amazon shipping with the USPS. It’s not costing the USPS, but it’s unacceptable that this shipping model, along with its Chinese manufacturing suppliers and their working conditions, is putting many stores out of business.

    1. Arizona Slim

      Don’t give a $#%& about Russia? Well, I sure do! Because I’m learning how to conjugate Russian verbs and it is going well, if I may say so myself!

      Spasibo, Democrats. You inspired this slender Arizonan.

      1. ambrit

        Well, I don’t blame you. The Dems seem to be very much like the Rus. Both speak to ‘inferiors’ in a Command Tense.

    2. Carolinian

      He’s right of course but the Dems wouldn’t be going on about Russia if they had better arguments they were willing to deploy. They would rather lose than turn left.

      So in the Stewart/Trump feud, or mock feud, Trump may have had the last laugh–being president and all. At least he was willing to pretend to be a populist.

    3. NotTimothyGeithner

      I see one problem. Stewart is actually a bright and introspective guy. These aren’t attributes of the Team Blue elites at all levels. He isn’t perfect, but Stewart would be an outlier Democrat if he held elected office. Stewart’s views on Trump in 2016 made headlines, but at the same time, he described the Clinton campaign. It was pretty damning. #Resistance types will just label Stewart as another Sarandon trying to bring women down!

      1. False Solace

        > He isn’t perfect, but Stewart would be an outlier Democrat if he held elected office.

        I doubt it. Stewart’s shtick on TDS boiled down to whining “Why can’t we all just get along?” while playing clips from Fox News and CNN. He was popular when his show was one of the few outlets on corporate media willing to call out the Bush admin. Remember the rally he did with Colbert? The Rally to Restore Sanity And/Or Fear? He seemed to believe that getting everyone to agree on a course of action while talking with their indoor voices was equivalent to pushing legislation through Congress.

        Progressive positions like infrastructure spending and single payer already have majority support. The reason they don’t happen is because the owners don’t want them to happen. That’s something Stewart never seemed willing to admit, maybe because he lived in NYC among the glitterati and his brother is a well-connected Wall Street banker. Stewart and his comedy are the carefully packaged “safe” brand of liberalism that feels comfortable mocking protesters in Zuccotti Park while pretending the only problem with the country is George W. Bush and Rupert Murdoch. He strikes me as Franken level at best.

        1. Geo

          In the plus side, Colbert was a gateway for my mother, a lifelong Republican, to realize what her party had become and turn toward the left. This past election she was a Sanders supporter and currently finds both parties to be run by deplorables.

          While Stewart and Colbert were/are very “middle” they were an important voice for left-leaning ideas that were all but buried in the media for so long. I feel that is an essential service. We need voices that can reach that moderate middle and change minds (Stewart & Colbert) as well as those who can inspire action once those minds have been primed (Lee Camp, Jimmy Dore).

          I tried that with my own little indie film: made an anti-war film that pro-war people would watch. It’s a small film so it’s reach isn’t comparable to any of those I listed above but in its own small way it worked. I still get emails and online comments from viewers who say it made them look at our wars differently. If I’d made an openly anti war film few, if any, of those people would have ever watched it.

          1. Procopius

            I’m glad you distinguish between “moderate middle” and “centrist.” “Centrists,” or Moderate Republicans, seem to have control of the Democratic Party now.

        2. Carolinian

          Righteous. And not untrue.

          But he was funny most of the time and his pretensions of being the wise man mostly kept under wraps. That said, once George W. Bush had left–surely someone who should be mocked–I found the show a lot less appealing. It was clear that there were certain sacred cows that were never to be touched.

    4. Lambert Strether Post author

      Looking to comedians for political leadership didn’t work so well under Bush, sadly, or Obama. Although Stewart and Colbert got a good deal of favorable coverage at the time.

      1. HotFlash

        Well, leadership may be to much to expect, but traditionally the only person at court permitted to tell the truth was the jester. BTW, did you ever wonder how Yorick died?

  5. blennylips

    Given the NC interest in Brexit, I am going just drop this here:

    The Pivot

    By Charlie Stross

    If I’m right, then over the next four to eight weeks the wrath of the British press is going to fall on the heads of the Brexit lobby with a force and a fury we haven’t seen in a generation. There may be arrests and criminal prosecutions before this sorry tale is done: I’d be unsurprised to see money-laundering investigations, and possibly prosecutions under the Bribery Act (2010), launched within this time frame that will rumble on for years to come.

    1. PlutoniumKun

      Interesting, although I’m not sure much of the media would want to make themselves look bad by doing a 180 degree turn. I think we are still in the stage where everyone is composing their alibi. But I have been wondering what the backlash will be from those very large sections of the business establishment who will suffer from Brexit, especially those who held back from going for the exits thinking there was some sort of plan, and are now realising there wasn’t, and its too late to change course.

      It also raises the interesting question about whether there genuinely was Russian interference, or whether this is all a backwash from the Trump hysteria. There are all sorts of odd links between the shadier side of the UK money establishment and various Russian billionaires, I doubt we know 1% of what really goes on.

      1. The Rev Kev

        Well there is your answer right there. After everything falls over May and her team will blame Russia for it all. The Salisbury incident was just setting the stage to public perceptions.

  6. Mike Allen

    Wondering if I had missed a discussion of the Yanis Varoufakis book ” Adults in the Room”. Did a search and it came up empty.

      1. Mike Allen

        Thank you Molly. I have read the Salon article and will check out the other. Thought it might have been a topic of. Discussion here also.

        1. Whoa Molly!

          I reserved a copy at our local library. The system has two copies. There are a dozen reservations ahead of me. I don’t expect see it for a month or two.

      2. VietnamVet

        The burgeoning debt and the impossibility of paying it off when the western laboring class is in a depression is within corporate media’s cone of silence. Along with the fact that the technocrats know this. It means there is no solution other than writing off the debt or an apocalypse to restart civilization; if there are any survivors.

        To me this explains the Quebec G-7 meeting. Oligarchs are fighting over who will come out on top; nationalists or globalists. The only oligarch at the meeting, the President of the USA, attacked Canada’s globalist poodle PM. Couldn’t help himself. Tribal myths are more powerful than the unpalatable truth.

        At least, the growing inequality can still be discussed here.

        1. cnchal

          >. . . Tribal myths are more powerful than the unpalatable truth

          Trudeau had it coming. He is taller, prettier and better dressed, and it’s totally his fault. How dare he dim Trump’s spotlight by even one candela.

    1. WobblyTelomeres

      Don’t know, but I ordered a (lightly used) copy the other day. Looking forward to it.

      1. Procopius

        That’s the reason I have to use Amazon — the used books. I used to be surprised to find people selling books I seriously wanted for $0.01, plus $3.99 shipping. When I was a kid a paperback book was 25¢ (later 35¢ for a small one, 50¢ for one over 500 pages).Hardcover from Modern Library were 99¢ and $1.99. I can’t stand paying $25 for a book I’m going to read at most once. I am horrified that textbooks now cost $300.

  7. marym

    Trump administration moves to block victims of gang violence, domestic abuse from claiming asylum

    Atty. Gen. Jeff Sessions has ordered immigration judges to stop granting asylum to most victims of domestic abuse and gang violence, a move that would block tens of thousands of people, especially women, from seeking refuge in America.

    [Denise Gilman, director of the immigration clinic at the University of Texas Law School in Austin]: “Many women sitting right now in detention under these claims might lose their right to obtain protection and be deported to dangerous situations.”

  8. Carolinian

    Re the Obama era and failure to prosecute, this is a great Matt Stoller article about the way the ABA/Ivy League culture has made justice much more a plaything of the elite. White collar criminals skate not only because of the clubby atmosphere among corporate lawyers but also because the prosecutors are afraid losing cases will make them look bad.

    There never was a Golden Age in which G-men took down these high-status malefactors en masse, but Eisinger does suggest that there was at least a postwar “Silver Age.” He dates it to 1961 and the appointment of Robert Morgenthau to head the Southern District. Morgenthau made a point of launching aggressive prosecutions of financial crimes, which helped create a reputation for the office that lasted several decades.[…]

    In a similar vein, Eisinger traces a revealing class division among prosecutors, with the working-class types far more interested in going after big cases than the Ivy-League trained, incurably self-regarding partners at big corporate-defense firms. A heroic figure here is Paul Pelletier, a lawyer who came up from one of the lesser districts—Miami—and sought to build an aggressive culture in the DOJ mothership known as “main Justice.” Pelletier sought to have his prosecutors indict, investigate, and go to trial. He helped popularize a mantra in his lower-profile division: “Indict and good things will happen.”

    More here


  9. Jim Haygood

    It happens every business cycle:

    Larry Silverstein cut the ribbon Monday on 3 World Trade Center, a 2.5 million-square-foot skyscraper that’s opening about 40 percent rented, ahead of his 2 World Trade Center, which is slated to add 2.8 million square feet to the market when it’s built.

    With 14.3 million square feet of office inventory under construction in Manhattan, “it’s hard to think there won’t be winners and losers as these buildings pull tenants away from older space,” said Lauren Baker, an analyst with CoStar Group Inc.

    It’s not 2009 again,” said Craig Caggiano at Colliers International Group, noting that the economy is strong.


    Developers have no off switch. They just keep building until the bottom falls out, and for a couple of years afterward. Often the project financing is non-recourse, so they forfeit potential profits on failed projects, but avoid losses by just mailing the keys to the bank.

    When the original World Trade Center complex came online in the 1970s, it exacerbated a vast glut of office space in downtown New York which took years to be absorbed.

    Is it deja vu all over again? Stay tuned for the great log flume ride of the 2020s … but buckle your seat belts and keep hands and arms safely inside the log.

    1. Lee

      Developers have no off switch. They just keep building until the bottom falls out….

      In my town they’re building all over low-lying landfill at the edge of SF bay. A couple of feet of sea level rise or the next inevitable shudder of one of our several major earthquake faults and these not particularly well-made homes will be sinking in quicksand.

      Pricey homes built just 25 years ago on a portion of our island’s vast landfill additions are already sinking. A homeowner there told me recently that they had to spend $40K sinking concrete pillars beneath their house to stop it from descending into the mire. Great school district though! They should probably name their school team the Mud Puppies.

  10. dcblogger

    I can’t believe that USA Today was dumb enough to imagine that Trump’s token gestures will have any effect upon the African American vote. I do not pretend to have any special insight into my African American neighbors (my neighborhood is 97% African American), but this is so clear only the willfully dumb could miss it. Trump is hated, truly hated, even more than Bush43 was, and Bush was hated. I mean hated. The Republican brand is radioactive in the African American community. You cannot run a voter suppression operation and fool African Americans that you care about their issues.

    The only question is that will organizations like Let America Vote (because Democrats will not make that a core party function) be able to push back against voter suppression. If they are successful the Republicans are toast.

    lambert’s only excuse for running that item is that he lives in Maine and does not have the day to day experience of African Americans complete and total contempt for Trump and all of his works.

    1. Lambert Strether Post author

      See the Detroit examples in the article (Kanye; Kardashian, both of whom seem to be doing quite well for themselves). I don’t imagine the Republicans think they can peel off many, but they might peel off a few (or get more to stay home) and every little bit helps. And you can’t blame them for trying.

      1. marym

        Trump tweeted about today’s SCOTUS voter purge decision – a big win, and “Great News.”

        Not such a convincing “wooing” approach.

  11. tinheart

    Regarding the George Packer article from the New Yorker on the Obama Presidency, this paragraph struck me:

    At the heart of Obama’s narrative was a belief that progress, in the larger scheme of things, was inevitable, and this belief underscored his position on every issue from marriage equality to climate change. His idea of progress was neither the rigid millennial faith of Woodrow Wilson nor Bush’s shallow God-blessed optimism. It was human-scale and incremental. Temperamentally the opposite of zealous, he always acknowledged our human imperfection—his Nobel Peace Prize lecture was a Niebuhrian meditation on the tragic necessity of force in affairs of state. But, whatever the setbacks of the moment, he had faith that the future belonged to his expansive vision and not to the narrow, backward-pointing lens of his opponents.”

    This is the problem when you believe that “progress” (whatever that is) in inevitable. You decide to do nothing at all in the belief that things will just “happen”.

    1. nycTerrierist

      “This is the problem when you believe that “progress” (whatever that is) in inevitable. You decide to do nothing at all in the belief that things will just “happen”.

      Indeed. What claptrap! where’s the agency? where’s the leadership?

      Obama is just smarm personified.

    2. Geo

      I don’t know how anyone who has read any history can feel that progress “just happens”. History is cyclical at best and the progress is mired in long periods of tragically oppressive times. Just looking at the history of women’s rights in ancient Egypt, Rome, and here/now there are brief rises and long falls.

      Unless people like Obama are confusing technological progress with human progress. Otherwise, it’s clear we’re in an upswing of human progress but it’s fragile and debatable whether it’s still rising or already peaked and is on a downswing.

      1. JBird

        I know you weren’t expecting an answer, but perhaps it’s whatever you want it to be, and not anything that they actually have?

        1. Procopius

          From the early days of Microsoft we get the term, “vaporware.” Announce a wonderful new product so the market will not buy your competitor’s product but wait for yours to come online. It never actually does, but it’s a great marketing tactic. I’m always amazed at how successful it is.

    1. drumlin woodchuckles

      Rocket-powered roadster? Don’t get behind one.

      And if the rocket-exhaust hot-gas blasts set fires all over the drought-stricken West, will Tesla be the people who get sued?

  12. Darthbobber

    USA today op ed on Trump pardons stealing the black firewall. If a couple of (long overdue) pardons, and some babbling about Ali will actually suffice to make the (portrayed as unbelievably shallow and naive) African American population love the Donald and forget all the wonderful things team donkey does for them, that would speak volumes. But no actual polling to reflect this surge of Trump love.

    Note that the solution is seen having the donkies “unite behind a single candidate” NOW, and somehow dispense with all that inconvenient folderol of having the electorate involved in that process. How? And does the author seriously think that an effort to do this would have a positive impact among any group? Please.

    1. Lambert Strether Post author

      > no actual polling to reflect this surge of Trump love.

      No, of course not, it’s a stunt. It’s also a stunt it’s hard to imagine any other Republican performing. McConnnell? Ryan? Cruz? Rubio?

      It also occurs to me that it gives Republicans a (crude and simplistic to be sure) response to charges of racism in the primaries. (“No, look, we pardoned ______.”)

    2. drumlin woodchuckles

      I noticed that “must unify NOW behind a candidate for 2020” item as well. That would be the Fake Democrat Party’s way of saying that no Real Democrat should even be allowed to get any exposure in any primaries. The Inner-Party Fake Democrat leaders would like to pre-nominate another “black” Obama 2.0 type figure if possible. Preferably female, for the Goldman Sachs feminist vote. Meaning that Warren would not be permitted, because of her efforts to mix sharp sand into the runway foam.

      1. Eureka Springs

        You keep saying “fake Democrat”. They are all fakes – even if you like some of them. Heck, Bernie supremely fake among them in his own way when he registers or runs as one. There is nothing binding anyone of them to a platform or policy. There is no membership. Certainly no representation, except of, by, and for the rich donors.

        At best, The FD term avoids substance. All Democrats thank you for that.

  13. cripes

    I see we still have sporadic protests that Obama’s comments are only jokes; well, he was constitutionally incapable of honesty–pretty much everything the clown said was a joke, but that’s besides the point.

    “Joke” or not, it is another pebble tossed in the growing shitpile of O’bummers “legacy.” Another small example of the puerile, cowardly, pompous, elitist, narcissistic arrogance of a striving courtier posing as president.

    The signature of his creepy humor is personal use of presidential power for petty reasons and contempt for democracy, the constitution and the deplorable mob.

    Why anyone thinks his barf-worthy “jokes” about drone-bombing, being good at killing, “little single-payers,” etc, etc is normal beats me.

    Heroes like Chelsea Manning risk their lives exposing murderers.

    Zeros like Obama get erections from authorizing drone pilots sitting in Kansas to murder people in the Middle East. And little tingles reminding sycophants how powerful and important he is.

    Oh, and I’m pretty sure, like Hoover and Johnson and Nixon before, he would and did when he felt like it. Please.

  14. Aleric

    I was prepared to hate-read the interview with Rory Sutherland after being annoyed by the pull quote. (Thought it would be an anti-math know-nothing marketer, grumble, grumble…) and ended up liking it (despite the Cass Sunstein references). Interesting discussion of the unknown swirl of practice and theory in the gulf connecting social science academics and commercial marketers.

    1. MyLessThanPrimeBeef

      It has been expected, all along, that the second time will be much harder.

      “You opponent may be evil, but don’t under-estimate and think that they are stupid.” – from the missing chapter of the Art of War, or maybe I am just imagining it.

    2. crittermom

      Great link. Very interesting. Thanks!

      Of other note, today is historical.
      The Trumpet Master is currently meeting with Kim of N. Korea.

      Net Neutrality ended. Now we are supposed to see ‘higher internet speeds at lower costs’. Yeah, right. Ha, ha.

      For those living in govt subsidized housing, the rent will be increasing so, essentially, the govt will be taking back the COLA recently given to those on SS living in that housing.

      1. Geo

        Now we are supposed to see ‘higher internet speeds at lower costs

        I remember when ATM’s were first introduced we were told they would make banking faster and cheaper. That was a good joke too.

    3. Sid_finster

      Bernie Sanders could be made president today and little would change. Team D (and the Deep State) would make sure of it.

      It would be the return of Jimmy Carter.

  15. The Rev Kev

    Good that article called “Murphy’s law of freight”. I’d like to see them try to replace these people with a Silicon Valley algorithm. The fireworks would be spectacular. Can you successfully reboot a transport hub? Or pause logistics while you do a system software upgrade?

  16. JBird

    and where many people still love Kanye West (though he thinks slavery was a choice)

    What the Heck? I guess if you ignore the chains, beatings, whippings, attack dogs, guns, and slave patrols, one had a choice of not being a slave if death was considered an option.

  17. Daryl

    Well, Dennis Rodman just wept live on CNN in one of the most bizarre interviews I’ve ever seen.

    Can’t say the times we live in aren’t interesting…

Comments are closed.