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    • What May’s Brexit Deal Tells Us About The EU and Britain’s Future
      So, May has a Brexit deal. It’s a terrible deal, which makes the UK subject to many EU laws, and which doesn’t allow Britain to withdraw from the deal if the EU doesn’t want it to. This has caused ministerial resignations, and Corbyn has come out against it. But the interesting part is what the […]
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Friday Morning at The Confluence: News and Views

Another rainy day in Boston

Another rainy day in Boston

Good morning Conflucians! It’s another cold, rainy day in the Boston area. I’ve gone through the stages of grief, from denial to anger, and so on, and I think I’ve almost reached acceptance. Summer is just not coming to New England this year. It’s 57 degrees on July 3. So what? I should be grateful it’s raining and not snowing, right? The local papers have started publishing snarky little articles like this one about the “bright side” to all this rain and cold.

OK, it’s wet. OK, everyone’s miserable. OK, the sun shines on every other city in the country and Mother Nature is spitting on Boston.

But instead of thinking of this weather front as a personal affront, why not grab onto that silver lining and recognize the rainfall for what it is: a respite from the rat race known as summer.
Yes, summer, the ultimate setup for personal and recreational failure, when every day is supposed to be a mini-vacation….

But now, thanks to unremitting clouds and drizzle, it’s off.

No need to squeeze into the bathing suit. Or do your hair (it’ll frizz up faster than a flash flood). Or sport a tan. Or go for that walk or run or bike ride or show up for bootie boot camp at 6 a.m. It’s pouring!

As for the beach, no wonder everyone’s lying down, exposing themselves to deadly UVB rays. Getting there is exhausting. Lewis and Clark had an easier time looking for the Northwest Passage.

Oh hardy har har. Don’t get me wrong. I’m really happy for all of you Conflucians who don’t live up here in the Northeastern corner of the country. Who knows? Maybe God is punishing us for our sins or something.

The Boston Globe reports that there is one genuine positive to all this ghastly weather.

While the onslaught of miserable June weather played havoc with people’s plans and psyches, it has also provided a quiet benefit to many city neighborhoods. Fatal and nondeadly shootings in Boston have plunged, and police acknowledge the weather has been a key factor.

Well I’m glad there really is one positive effect of the horrible weather…. So let’s see… what’s happening in the rest of the country this morning?

You’ve probably heard the Washington Post did a quick reversal yesterday on its plan to sell access to politicans and Post writers and editors. It was all just a big misunderstanding, according to Howard Kurtz.

Washington Post Publisher Katharine Weymouth yesterday canceled plans for a series of policy dinners at her home after learning that marketing fliers offered corporate underwriters access to Post journalists, Obama administration officials and members of Congress in exchange for payments as high as $250,000.

“Absolutely, I’m disappointed,” Weymouth said in an interview. “This should never have happened. The fliers got out and weren’t vetted. They didn’t represent at all what we were attempting to do. We’re not going to do any dinners that would impugn the integrity of the newsroom.”

Sure Katharine, we believe you. Some guy in marketing is taking the fall for the public relations nightmare:

The fliers were approved by a top Post marketing executive, Charles Pelton, who said it was “a big mistake” on his part and that he had done so “without vetting it with the newsroom.”

I’d just love to know if the Post actually had an agreement with the White House to participate in these “salons.” It really does sound like something this administration would do, but we’ll probably never know for sure, since investigative journalism is dead.

It looks like the Washington Post still has at least one real reporter on staff though. R. Jeffrey Smith read some recent court filings and found some interesting background on the Valerie Plame case showing that Dick Cheney was in control of the Bush administration’s revelations about Plame’s status with the CIA in order to minimize the damage caused by her husband Joseph Wilson’s critique of the case for war in Iraq. Surprise, surprise, the Obama administration is trying to keep Cheney’s activities secret.

A list of at least seven related conversations involving Cheney appears in a new court filing approved by Obama appointees at the Justice Department. In the filing, the officials argue that the substance of what Cheney told special prosecutor Patrick J. Fitzgerald in 2004 must remain secret.

No such agreement was reached between Fitzgerald and Cheney at the time of their chat, according to a 2008 Fitzgerald letter to lawmakers. But the Bush administration rejected requests by Congress and a nonprofit group for access to two FBI accounts of the conversation, saying the material was exempt from disclosure under subpoena or the Freedom of Information Act.

The Obama administration has since agreed that the material should not be disclosed. A Justice Department lawyer at one point last month argued that vice presidents and other White House officials will decline to be interviewed in the future if they know their remarks might “get on ‘The Daily Show’ ” or be used as fodder for political enemies.

Gasp! Heaven forbid! You mean politicians could be laughed at? Or their actions might be used to defeat them in an election? I can certainly see why our Department of Justice would be fighting hard to prevent that. Seriously, do we live in anything event resembling a free country anymore? Continue reading

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I’m No Economist, but I Think We Need Prosecutions!

The face of greed

The face of greed

I’m hooked on the economics blogs these days. Blame Dakinikat for starting me on a (probably hopeless) quest to understand the economic meltdown. I have been mathphobic since the eighth grade when I was horribly traumatized by algebra. And geometry! Don’t even get me started. When I was an undergrad, I was forced to take two math classes–basic math and statistics. Fortunately, those of us in the psych department were assigned a good humored, patient professor who cracked jokes about our having post-traumatic stress from high school math and had developed simple ways to explain mathematical concepts. Thanks to that kind and supportive professor, I was also able to survive two mind-numbing semesters of graduate statistics without too much anxiety.

Despite my lifelong troubled relationship with numbers, I am determined to understand what is happening to our economic and political systems to the best of my ability. These days, when I first get up, I open up The Confluence (my home page), quickly see what’s happening and then I check all my favorite econ blogs to find out the latest news and views.

This morning via The Market Ticker, I found this ABC News story on Joseph Cassano. (By the way, Cassano donated $2,500 to Obama’s primary campaign and $2,300 to his presidential campaigns. Isn’t $2,300 the maximum?) But back to ABC News:

The FBI and federal prosecutors are reportedly closing in on the AIG executive whose suspect investments cost the insurance giant hundreds of billions of dollars. The government is investigating whether or not 54-year old Brooklyn-native Joseph Cassano committed criminal fraud in virtually bankrupting the company. Continue reading