Monday, November 30, 2009

I might watch that show

Megan Garber and Tom Schaller have already said most of what needs to be said about That Couple of dorks who managed to sneak into a state dinner.

But the best one liner on this topic yet comes from Republican Strategist Ed Rollins:
These people want a reality TV show, give them one. It’s called ‘Dealing With the Federal Prosecution System of the District of Columbia.
"Now that sounds like compelling television," chimes CJR's Alexandra Fenwick.

I couldn't agree more.

Another health care case study

Trudy Lieberman shows us how little the current health reform will do for a family unfortunate enough to have high deductible health insurance.

The net effect of all the "reforms?" - They get to keep the lousy coverage they have.

Paying for Pride

Felix Salmon has another delightfully provocative post where he skewers an American sacred cow.

He asks the logical question: if you're underwater on your mortgage, why pay?

Seriously.

As he puts it, when Hank Paulson was at Goldman he "would have fired anyone" who similarly threw good money after bad.

Here's my favorite bit:
It’s asymmetrical, it’s unfair, and it’s about time that homeowners started being informed that a ding to their credit score is not the end of the world; that no one would expect a capitalist company to behave in the way that individuals are being told to behave; and that their options are in fact broader than they might believe.

Sunday, November 29, 2009

Twilight zone, or "God how I hate vampire fic"

I had listened to some fawning NPR piece about the Twilight book series and felt like venting my spleen on how stupid the whole concept of vampire lit is.

Set aside the fact that the series is based on a girl being madly in love with an animated corpse - the biggest problem I have with vampire-as-beau plotlines is that they attempt to bestow nobility on staying in a relationship with a man who poses a mortal threat to your existence.

Oh...isn't she brave for staying with a flesh-eating monster?

What a colossal crock of sh!t.

But only those who truly know the series can skewer it the way it deserves, so I'll link to the better work of others.

Saturday, November 28, 2009

It takes a Turk to do that

I'm having entirely too much fun with the website Letters of Note.

The latest find that had me laugh out loud was this exchange between British diplomats during WWII.:
H.M. EMBASSY
MOSCOW

Lord Pembroke
The Foreign Office
London

6th April 1943

My Dear Reggie,

In these dark days man tends to look for little shafts of light that spill from Heaven. My days are probably darker than yours, and I need, my God I do, all the light I can get. But I am a decent fellow, and I do not want to be mean and selfish about what little brightness is shed upon me from time to time. So I propose to share with a tiny flash that has illuminated my sombre life and tell you that God has given me a new Turkish colleague whose card tells me that he is called Mustapha Kunt.

We all feel like that, Reggie, now and then, especially when Spring is upon us, but few of us would care to put it on our cards. It takes a Turk to do that.

(Signed)

Sir Archibald Clerk Kerr,
H.M. Ambassador.

Thursday, November 26, 2009

Google makes me laugh

Guaranteed comic gold in three steps.
  1. Go to Google's homepage
  2. Type this into the search box and wait for the suggested auto-complete phrases to appear:

    Google won

  3. Look at the suggestion about Chuck Norris
Like that?

Try these items as well:
  • How to tell (look for the cat reference)
  • How to ra (look for the children reference)
  • I op (look for the wallet reference)
  • Robots are (look for the medicine reference) 
  • I like Jesus (don't worry, you'll see it) 
All of these, courtesy of Autocomplete Me

Love, Kurt - Jr.

Letters of Note posted a copy of the first letter then-Private Kurt Vonnegut Jr. sent to his family after being freed from German custody in WWII.

It's a good read:
I've been a prisoner of war since December 19th, 1944, when our division was cut to ribbons by Hitler's last desperate thrust through Luxemburg and Belgium. Seven Fanatical Panzer Divisions hit us and cut us off from the rest of Hodges' First Army. The other American Divisions on our flanks managed to pull out: We were obliged to stay and fight. Bayonets aren't much good against tanks: Our ammunition, food and medical supplies gave out and our casualties out-numbered those who could still fight - so we gave up. The 106th got a Presidential Citation and some British Decoration from Montgomery for it, I'm told, but I'll be damned if it was worth it. I was one of the few who weren't wounded. For that much thank God.

Wednesday, November 25, 2009

Are there more like you at home?

Felix Salmon tags Judge Jeffrey Spinner, of Suffolk County Supreme Court, as his hero of the day.

And no wonder.

The case involves IndyMac (which, you'll recall, exists only in memory) going after a homeowner in such a disgraceful way that the judge not only rejects their claim, not only dismisses any IndyMac claim on the house, but buries them with a motherload of judicial snark.

Here's just a sampling:
Regrettably, the Court has been unable to find even so much as a scintilla of good faith on the part of Plaintiff. Plaintiff comes before this Court with unclean hands yet has the insufferable temerity to demand equitable relief against Defendant
Ahhh... poetry.

Strict, but only when it's convenient

Tom Schaller over at FiveThirtyEight.com has a great post pummeling the typical knee-jerk argument that "Where in the Constitution does it say...?" that we see every time some kook doesn't like what they're seeing on the news.

A sample:
...if you want to be a strict constructionist, fine, but be one even when it’s inconvenient. Imagine if the Second Amendment read as follows: “A woman’s ability to survive childbearing being necessary to a free state, the right to abort a fetus shall not be infringed.” Now, do you think the anti-choice movement would simply ignore the leading clause and resign themselves to the idea that a woman has an unconditional right to abortion? Not a chance, and they'd be right to fight because the language clearly implies a conditional right.

And yet we almost never hear gun rights advocates mention the actual Second Amendment’s leading clause, “A well regulated militia being necessary to the security of a free state….,” which at least suggests a collective right—indeed, obligation—to an armed defense of the state, rather than an individual’s right to use arms to protect himself and his property. For the record, I support gun rights with some restrictions, but that’s besides my point, which is that you can’t be so selective in citing the language in the Constitution that you chop off inconveniently ambiguous parts of the same sentence upon which you base a categorical claim.

Strict constructionalism is a perfectly valid viewpoint, so long as those espousing it understand how radically different it is from the America the founders tried to create - and the one espoused by the political right.

Rather like those cautionary tales about "be careful what you wish for." If we had only what was literally spelled out in ink in the Constitution - we would have a truly bizarre nation.

Polanski gets bail

(via the Beeb)

A Swiss court has accepted film-maker Roman Polanski's plea to be freed on $4.5m bail from a Swiss jail where he is being held for a US child sex case.

The court said Polanski could stay at his chalet in the Swiss Alps. He would be monitored by an electronic tag.

Even if you believe he won't pry off the tag and spirit himself across the border at the earliest opportunity - where is the compelling need for him to await extradition in a chalet as opposed to a cell?

Weak.

Two addendums:
It is highly unusual for extradition subjects to be granted bail in Switzerland, says the BBC's Imogen Foulkes, adding that Polanski's first application was refused.

and from the Beeb's timeline:
It is thought Polanski will remain in jail until the Swiss Justice Ministry decides whether to appeal against the ruling.

Nice Exit

An overwrought developer tells their employer they are leaving - with style:



Respect.

(H/t Alltop)

Tuesday, November 24, 2009

Health Care, cost controls, and choice

It's really hard to know what to believe about heath care reform these days.

You read Robert Reich and this much ballyhoo'ed Public Option sounds more like a horse that's been compromised into a camel:
...the compromise that ended up in the House bill is to have a mere public option, open only to the 6 million Americans not otherwise covered. The Congressional Budget Office warns this shrunken public option will have no real bargaining leverage and would attract mainly people who need lots of medical care to begin with. So it will actually cost more than it saves.

But even the House's shrunken and costly little public option is too much for private insurers, Big Pharma, Republicans, and "centrists" in the Senate. So Harry Reid has proposed an even tinier public option, which states can decide not to offer their citizens. According to the CBO, it would attract no more than 4 million Americans.
Yet this is the provision that will be filibustered by the right wing. Because it will destroy private health insurance and turn us into a socialist state.

Uh-huh.

Then you read Ronald Brownstein - and get a totally different perspective on what is and is not happening in the bill when it comes to cost controls:
...the Reid bill's fiscal strategy, and its vision of how to "bend the curve," almost completely follows Baucus' path from September. Baucus' bill was the first to establish the principle that Congress could expand coverage while reducing the federal deficit; now that's the standard not only for the Senate but also the House reform legislation. And, perhaps even more importantly, the Reid bill maintains virtually all of Baucus ideas' for shifting the medical payment system away from today's fee-for-service model toward an approach that more closely links compensation for providers to results for patients. In the Reid bill, there is some backtracking from Baucus' most aggressive reform proposals, but not much.

Almost everything Baucus proposed to control long-term costs have survived into the final bill. And, with only a few exceptions, that's just about all the systemic reforms analysts from the center to the left have identified as the most promising strategies for changing the economic incentives in the medical system. (The public competitor to private insurance companies championed by the Left would affect who writes the checks in the medical system, but not what the checks are written to pay for.)
That post heaps praise onto Sen. Reid's bill for a host of measures that are not part of the current media scream fest.

Then you have Lieberman. No, no - Trudy Lieberman - the one with a soul. She's been dogging this story since the beginning, dredging up all sorts of untidy details. Here's her latest find:
[it's] one of those pesky details embedded in both the House and Senate bills—a clause that lets insurance companies cross state lines to sell their wares. Way before last year’s election, Ronald Williams, the CEO of Aetna, told the Senate Finance Committee that allowing cross-state purchasing of health insurance was a necessary ingredient for reform. The Senate Finance Committee, along with the House, heard his plea.

The provision, euphemistically named the Health Care Choice Compact, would work like this: Two or more states could join together and allow insurers selling health coverage to be governed by the laws and regulations of the state where the policy was issued, not the rules of the state where they’re sold. So a company wanting to sell in, say, Wyoming or South Carolina—which may have weak regulations—could choose to issue its policies in those states but actually sell them in New York or California—where the rules are tougher. If policyholders have problems with their coverage, too bad: the rules of the weaker state would apply, and they could be out of luck.

Insurers, looking toward lucrative new markets, want to fashion their new policies without having to deal with the restrictions and consumer protections required by some states. In other words, the current definition of market reform will mean they have to insure sick folks; in return, they will offer policies with less coverage and fewer protections. Think of it as back-door underwriting—a process that limits these companies’ liability for high-cost claims.

This is the core of the insurers’ business strategy, wrapped in the guise of consumer choice. Remember, this is the Health Care Choice Compact we’re talking about. If consumers want a policy with few benefits or no protections, that’s their choice. It’s kind of like letting a U.S. toy manufacturer sell yo-yos that conform to Chinese—not American—regulations. Take your choice: a yo-yo with lead, or one without?
This is the same crap McCain tried to sell in the election. The same notion that candidate Obama dismissed as something that would lead insurance to follow the pattern of credit cards: a race to the bottom of customer service and value.

Seriously, WTF is going on up there? We're going to have grandstanding about the Public Option and miss the fact that insurance companies are going to end run consumer protection laws? And what about the cost control stuff? If it's good, how come we're not seeing it placed front and center in the discussions?

Instead, we breathless coverage of the vote count, and who's in and who's out. This isn't a horse race - this is the future of how families get health care. Let's nut up and talk policy, now. Otherwise we're going to see a CMFA for the health care industry squeak through while the talking heads blather on about the vote count.

Sudokubomber: is nothing sacred?

Officials of The Philadelphia Inquirer National Sudoku Championship have disqualified the third-place winner of the Oct. 24 tourney after an investigation, which included a retesting at The Inquirer last week.

Eugene Varshavsky of Lawrenceville, N.J., was stripped of his $3,000 prize after doing poorly in the retest.

Now that's just sad.

Not the cheating, but that this guy was smart enough to cheat his way into the final, but too dumb to fill in just a few numbers to win second place. I mean, if you're going to cheat, you could at least bother to learn the basics of the game.

Weak.

(H/t CJR)

Sunday, November 22, 2009

Tactics of the collection agencies

This American Life had an interesting segment about a man plagued by bill collectors.

Not that he was being stalked, but the surprisingly varied tactics his creditors used to get in touch with him. One mailed him a bill every single day. Another called him only to play a Madonna song (in its entirety) and hang up.

The odd things they do are most of the fun, but Bill Cotter's nonchalant delivery is entertaining in itself.

The 445-year old bird

Saw this on the Beeb


Yes, that is a middle finger - and yes, it belongs to Galileo.

Saturday, November 21, 2009

Volt porn

G'wan... you know you want it...


(Click for slideshow)

OoooOooOOoOoooooooo.....

(H/t Good blog)

Friday, November 20, 2009

Kwak, translating for Barofsky, sheds light on Maiden Lane III

Maiden Lane, the government's financial simulacrum on the A.I.G. bailout, has never made a lot of sense.

The IG report came out and (at least for types like me) is nigh impenetrable. Enter James Kwak over at Baseline Scenario. He's done the dirty work and written a seriously crunchy post on what happened and why we should give a damn.

Here an especially chewy bit:
...first AIG contributed $5 billion to Maiden Lane III and the New York Fed gave it a $24.3 billion loan. Then Maiden Lane III gave all $26.8 billion to the banks in exchange for the CDOs. (The banks accepted $26.8 billion because they already held $35.0 billion in collateral; together that makes $61.8 billion — as I said, I can’t get $300 million to reconcile.) Then Maiden Lane III gave $2.5 billion right back to AIG (this is the amount by which AIG had overcollateralized). As part of the deal, the banks agreed to tear up the original CDS on the CDOs, so AIG couldn’t lose any more on the CDS (which, remember, are separate from the CDOs).

The controversy is not over paying $29.3 (or $29.6) billion for the CDOs, since that was the market price. The controversy is over whether AIG should have agreed to settle the CDS at 100 cents on the dollar (meaning that the banks get the difference between the face value of the CDOs and their current market value). Bloomberg reported a while back that prior to the government bailout, AIG had been trying to negotiate a settlement at 60-70 cents on the dollar, but that that portion of the term sheet was crossed out in the final agreement. The implication is that paying the swaps off in full was a back-door, off-the-books way of funneling cash to banks that we didn’t want to fail.

So that's the setup. The Fed steers major cash into Maiden Lane, which offers insanely good terms to A.I.G.'s creditors.

This scenario would be made considerably worse if these were "naked swaps" (i.e. not swaps designed to insure the creditor's investment - but a bet that somebody else's investment was about to tank).

Did banks have their bets paid in full by taxpayers?

Let's ask our illustrious Treasury Secretary, Tim Geithner:
"I will not answer that question."
Now, that's according to an interview with Rep. Peter DeFazio - and the NY fed is disputing this - but don't you think we should have a firm answer on this question?

Somebody knows the answer for real and should be able to prove it.

Did we cover their bets?

UEFA monitors betting patterns?

Here we go again:
About 200 European football games are under investigation in a match-fixing inquiry, German prosecutors have said.
...

On Thursday police carried out about 50 raids in Germany, the UK, Switzerland and Austria, making 17 arrests and seizing cash and property.

Yeah, yeah... more corruption, but what's interesting - at the end of the article about (yet another) investigation of match fixing in European soccer, there was this little tidbit:
[Following a German scandal in 2005] Uefa has since introduced an early warning system which flags up unusual betting patterns.

The betting fraud detection system monitors real-time betting, giving investigators an immediate idea of whether there are irregular patterns.

The recent arrests would seem to indicate the detection process is working, but the scale of the manipulation must be a concern...

I'll just *ahem* bet

FIFA to Ireland: Get over it

It's official. FIFA will do nothing about Thierry Henry's blatant handball that led to Ireland's elimination from the 2010 World Cup.

Gasp.

I get why FIFA isn't eager to change the status quote. Setting a precedent for "do-overs" (or writing a rule enshrining them) would be the thin end of a wedge of problems.

But you would think that at an individual level, they could address the conduct of the player. Henry could get the card he should have received for the handball.

Denying France their star striker in the group stage is no compensation for Ireland. But the current situation is tells players to do whatever they can get away with.

Ft. Hood: Yet again, the first draft is wrong

This is old news by now, but I thought it was interesting.

Here's the account of an eyewitness to the shooting of Maj. Hasan, as recorded by the NYT:
[The witness] said he was walking in a roadway between the main building, known as the Sportsdome, and five smaller buildings. Major Hasan was headed toward the main building, the witness said, when Sergeant Munley came around the corner of a smaller building. Major Hasan wheeled on her and shot her several times, the witness said. It was unclear whether she squeezed off a shot or not, but she fell over backward, with wounds in her legs and her wrist, the witness said.

Major Hasan then turned his back and began to shove another magazine into his pistol. He did not appear wounded, the witness said. A few seconds later, Sergeant Todd came around another corner of the same building, raised his weapon and fired several times at Major Hasan, who pitched over backward and stopped moving.

“He shot her, turned away from her and was reloading when he was shot,” said the witness, who was nearby.

Which is not to say this eyewitness couldn't be wrong, but read the full story if you haven't already seen it. It makes a case that the news networks might do a better job reporting if they shut up for awhile and got their facts right.