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Full text of Federal Reserve Chairman Ben S. Bernanke's Stamp Lecture, The Crisis and the ...
  A CEASEFIRE WILL ONLY EMBOLDEN TERRORISTS AND PREVENT THE EMERGENCE OF A DEMOCRATIC MIDDLE EAST   Recent ...
The banking crisis took an ugly turn for the worse Tuesday. Shares of major banks plunged ...
During the 20 months that Fisher-Price spent developing the innards and software of its latest ...
  Statement of the Shadow Financial Regulatory Committee on  An Open Letter to President-Elect Obama December 8, 2008  In ...
Britain's third-largest banking group joins government scheme to insure toxic assets. Lloyds Banking Group has become the latest ...
In recent weeks, many media conservatives have launched attacks on President Obama, claiming, for instance, ...
Depth of the downturn signals a return to thrift that will keep a lid on ...
  [caption id="attachment_137" align="aligncenter" width="450" caption="Mad Magazine´s Ode to HOPE"][/caption] MAD ushers in an era of hope ...
  Trade between the United States and its two closest neighbors has accelerated under NAFTA. But ...
Professor Richard Herring, co-chair of the Shadow Financial Regulatory Committee, makes his case to Obama. On ...

Archive for the ‘Lifestyle’ Category

Obama´s Character and Mandate

Posted by MJ Santos On March - 8 - 2009 1 COMMENT

In recent weeks, many media conservatives have launched attacks on President Obama, claiming, for instance, that he “lied” and accusing him of having, in the words of The Washington Times, “broken so many promises during the first month-and-a-half of his presidency that it is hard to keep track.” Following his February 24 address to a joint session of Congress, some in the media singled out Obama’s comment that he doesn’t “believe in bigger government” to accuse him of dishonesty, lying, and even in one case of committing “a huge, brazen, audacious, demonstrably outrageous lie.” In fact, in the speech Obama said that, while he does not believe in “big government,” a strategy on the scale he is proposing is necessary in the current economic situation. Moreover, many in the media have falsely claimed that Obama “promised no earmarks” in spending bills during his administration and that he has since broken that pledge. In fact, Obama consistently said during the campaign that he intends to “clean up” the process in an effort to curb spending on earmarks, not eliminate the process entirely.

During his February 24 address to a joint session of Congress, President Obama spoke to the necessity of passing the American Reinvestment and Recovery Act to improve the economy and commented that he wanted the stimulus bill passed “not because I believe in bigger government — I don’t — not because I’m not mindful of the massive debt we’ve inherited — I am.”

In the days following the speech, media figures have contrasted that comment — that “I don’t” believe in bigger government — in isolation with the cost of Obama’s proposals to say that Obama “lied,” that he committed a “the biggest whopper of all” and that his “rhetoric does not match with his policies.” But, as is clear from the speech, Obama was taking the position that that failure to act on the scale he is proposing “would have cost more jobs and caused more hardships” and “would have worsened our long-term deficit by assuring weak economic growth for years.”

From Obama’s February 24 speech:

As soon as I took office, I asked this Congress to send me a recovery plan by Presidents Day that would put people back to work and put money in their pockets, not because I believe in bigger government — I don’t — not because I’m not mindful of the massive debt we’ve inherited — I am.

I called for action because the failure to do so would have cost more jobs and caused more hardships. In fact, a failure to act would have worsened our long-term deficit by assuring weak economic growth for years. And that’s why I pushed for quick action.

And tonight I am grateful that this Congress delivered and pleased to say that the American Recovery and Reinvestment Act is now law.

Over — over the next two years, this plan will save or create 3.5 million jobs. More than 90 percent of these jobs will be in the private sector, jobs rebuilding our roads and bridges, constructing wind turbines and solar panels, laying broadband and expanding mass transit.

Because of this plan, there are teachers who can now keep their jobs and educate our kids. Health care professionals can continue caring for our sick. There are 57 police officers who are still on the streets of Minneapolis, [Minnesota] tonight because this plan prevented the layoffs their department was about to make.

Because of this plan, 95 percent of working households in America will receive a tax cut, a tax cut that you will see in your paychecks beginning on April 1.

Because of this plan, families who are struggling to pay tuition costs will receive a $2,500 tax credit for all four years of college.

And Americans — and Americans who have lost their jobs in this recession will be able to receive extended unemployment benefits and continued health care coverage to help them weather this storm. Now I know there are some in this chamber and watching at home who are skeptical of whether this plan will work, and I understand that skepticism.

According to a February 19 New York Times article, Obama’s proposed budget outline is “$2.7 trillion deeper in the red over the next decade than it would otherwise appear, according to administration officials” due to new accounting rules that include in the Office of Management and Budget’s calculations “spending on the wars in Iraq and Afghanistan, Medicare reimbursements to physicians and the cost of disaster responses.”

Examples of media figures citing Obama’s statement that he doesn’t “believe in bigger government” as an example of dishonesty include:

  • In his March 3 Washington Times column, headlined “Obama Lied; The Economy Died,” Tony Blankley asserted: “President Obama told a whopper last week when he claimed he was not for bigger government.” He went on to say: ‘This he asserted though the budget he proposed the next day asks for federal spending as 28 percent of gross domestic product (GDP), higher by at least 6 percent than any time since World War II.”
  • In a February 26 Cleveland Plain Dealer column, Kevin O’Brien wrote: “President Barack Obama doesn’t believe in big government. He said so Tuesday night. The statement was one of two things. Best case: It was a huge, brazen, audacious, demonstrably outrageous lie. Worst case: It was testimony to a sincere belief that even the all-pervasive, all-powerful federal government he envisions doesn’t qualify as ‘big.’
  • During the March 1 edition of CNN’s State of the UnionThe Weekly Standard’sStephen Hayes suggested that Obama’s comment that he didn’t like bigger government should have been “corrected,” adding: “I mean, we have seen nothing but big government for five weeks, and this is the kind of line that, had President George W. Bush uttered it a year ago or two years ago, we would have seen front-page, above-the-fold analyses, saying, you know, ‘President’s rhetoric does not match with his policies.’ And I’ve been a little surprised about that.”
  • In a column published in the March 9 Weekly Standard, editor Fred Barnes cited the purported disparity between Obama’s comment and his proposals in accusing him of “liv[ing] in a world of political make-believe in which everything from reconciling conflicting interests to paying for costly programs is easy”:

But there’s a problem. Candidates don’t have to deal with reality. They talk about the wonderful things they can accomplish as if advocating them is the same as achieving them. They live in a world of political make-believe in which everything from reconciling conflicting interests to paying for costly programs is easy.

That’s the world Obama continues to inhabit. Like a candidate, he’s a quick-change artist, constantly switching roles. Twice last week, he insisted he doesn’t favor “big government.” Then he proposed a budget that would vastly expand the size and reach of the federal government, add $600 billion to the deficit, and produce a one-year shortfall of $1.2 trillion (or more). This prompted House Republican leader John Boehner to proclaim, quite accurately, that the “era of big government is back.”

  • In his February 28 Newsweek column, George Will mocked Obama’s campaign slogan and wrote: “Addressing Congress last week, the president said he is strengthening government ‘not because I believe in bigger government — I don’t.’ Chant it, everybody: Yes you do.”
  • A March 3 FoxNews.com Fox Forum blog post by Phil Kerpen, director of policy for Americans for Prosperity, listed this comment as “Promise #1″ to be broken and asserted “it’s the biggest whopper of all.”

Media figures have also broadly accused President Obama of having lied or of breaking a promise by stating that he would sign an omnibus appropriations bill that contains earmarks when he had previously “promised no earmarks.” However, as Media Matters noted, Obama consistently said while campaigning that he intends to “clean up” the process in an effort to curb spending on earmarks, not eliminate them entirely.

While Sen. John McCain repeatedly said during the presidential debates that he would “veto every earmark pork-barrel bill” if elected, Obama said in the first debate that “the earmarks process has been abused” and said he had “suspended any requests for my home state … until we cleaned it up.” During the second presidential debate, Obama said McCain’s criticism of earmarks was “important,” but that he wanted “to go line by line through every item in the federal budget and eliminate programs that don’t work and make sure that those that do work, work better and cheaper.” And in the third presidential debate, Obama said: “There’s no doubt that the system needs reform and there are a lot of screwy things that we end up spending money on, and they need to be eliminated. But it’s not going to solve the problem.”

Similarly, in May 2008, Obama issued a statement that “the entire earmarks process needs to be re-examined and reformed.” The statement said:

I also have championed greater disclosure requirements for earmarks to ensure that the public knows which member of Congress is sponsoring an earmark.

However, even with all of these reforms, I have come to believe that the system is broken. We can no longer accept a process that doles out earmarks based on a member of Congress’ seniority, rather than the merit of the project. We can no longer accept an earmarks process that has become so complicated to navigate that a municipality or non-profit group has to hire high-priced D.C. lobbyists to do it. And we can no longer accept an earmarks process in which many of the projects being funded fail to address the real needs of our country.

The entire earmarks process needs to be re-examined and reformed. For that reason, I will be supporting Senator DeMint’s amendment and will not be requesting earmarks this year for Illinois. Over the next year, I hope to work with my colleagues, both Democratic and Republican, to improve the earmarks process.”

But in spite of Obama’s campaign statements, media outlets and figures have suggested he has broken “a campaign promise” about earmarks by stating that he would sign the omnibus appropriations bill:

  • A March 4 Washington Times editorial claimed “President Obama has broken so many promises during the first month-and-a-half of his presidency that it is hard to keep track. … Last October Mr. Obama promised a net cut in government. He promised no earmarks.”
  • On the March 3 edition of CNN’s Campbell Brown: No Bias, No Bull, anchor Campbell Brown said, when referring to the omnibus bill “President Obama made a campaign promise to put Washington on a pork-free diet. No more spending on earmark projects he vowed. But they just can’t help themselves. We’re going to tell you who’s spending how much of your money on their pet projects.” Later, she continued: “President Obama keeps saying he is an anti-earmark crusader. But watch out, a monster spending bill working its way through Congress contains some 8,500 earmarks worth more than $7 billion.”
  • On the February 26 edition of Fox News’ Hannity, Fox News anchor Kimberly Guilfoyle suggested Obama was engaging in “two-faced politics” and “trying to pull the wool over the eyes of the American people” because “[h]e said that he wasn’t going to do this. We elected him because he said he was going to change things.”
  • On the March 3 edition of Sean Hannity’s radio show, Hannity asserted that “we have a president that has lied to us. … A president that promised to eliminate earmarks. And you know what? This is a president that is far more radical than anybody ever dreamed. You bet — I’m angry.”

Further, Washington Times chief political correspondent Donald Lambro misrepresented Obama’s February 24 address to Congress to suggest he lied in that address regarding earmarks. In his March 2 column, Lambro wrote, “Nine thousand pork barrel earmarks were buried in the $410 billion omnibus budget that passed the House last week,” and added that “President Obama told Congress the day before it passed that he was happy it didn’t contain any earmarks, eliciting gales of laughter from the Republican side of the chamber who knew better.” But as Media Matters for America noted, Lambro’s claim that Obama made a false statement about earmarks is itself false. Obama was not referring to the omnibus spending bill, as Lambro claimed, but to the American Recovery and Reinvestment Act when he said the bill did not contain any earmarks.

Winning an election by 52% of the population does not necessarily mean you have the mandate. It is how you keep your promises to the people. Clearly, we can foresee that within the 100 days, the Americans will sober up from what they did: Putting a Pork barrel President with a socialistic agenda.

Source: Media Matters

Popularity: 100% [?]

Bailout on my Mind by MJ Santos

Posted by TSR Team On February - 16 - 2009 ADD COMMENTS

A parody of Obama´s first 100 days solving U.S. Economic Crisis by lobbying a $900bn (now $787bn) stimulus package penned by Democrats

Bailout on my Mind Video 

Writer/Performer/Video Creator: MJ Santos

Musical Arrangement: Glenn Longacre


Copies can be purchased soon through iTunes, Amazon, Rhapsody and Napster–will be available for worldwide distribution before March 23rd

Popularity: 73% [?]

All gone MAD for Obama

Posted by TSR Team On January - 28 - 2009 ADD COMMENTS

 

Mad Magazine´s Ode to HOPE

Mad Magazine´s Ode to HOPE

MAD ushers in an era of hope – with their latest hopeless issue! This is their tribute to President Obama by examining what the crowd was thinking during his inauguration – and taking a look at the first 100 minutes of his presidency! Funny Stuff! Perhaps a hint?

Popularity: 16% [?]

Do Machines Get Human Rights?

Posted by TSR Team On January - 23 - 2009 ADD COMMENTS

During the 20 months that Fisher-Price spent developing the innards and software of its latest animatronic Elmo, engineers gave the project the code name Elmo Live. And sure enough, they made him more animate than ever: He moves his mouth in time with the stories he tells, shivers when he gets scared, and has a fit when he sneezes.

When they were finally able to test the doll on children, they were struck by how immediately the kids blocked out all other stimuli in the room and began interacting with Elmo. “It was as if Elmo were part of their family,” says Gina Sirard, Fisher-Price VP of marketing. “To a child, he really is alive.”

Elmo in the kitchen

So the code name stuck, and over the past few months legions of $60 Elmo Live dolls have joined families everywhere. Some are certainly doomed to join previous Elmos in a new pastime: robotic-toy torture. YouTube is full of videos of idiots dousing Elmo with gas, setting him on fire, and laughing as his red fur turns to charcoal and he writhes in a painful dance.

I’ve seen videos of the incineration of T.M.X. Elmo (short for Tickle Me Extreme); they made me feel vaguely uncomfortable. Part of me wanted to laugh—Elmo giggled absurdly through the whole ordeal—but I also felt sick about what was going on. Why? I hardly shed a tear when the printer in Office Space got smashed to bits. Slamming my refrigerator door never leaves me feeling guilty. Yet give something a couple of eyes and the hint of lifelike abilities and suddenly some ancient region of my brain starts firing off empathy signals. And I don’t even like Elmo. How are kids who grow up with robots as companions going to handle this?

This question is starting to get debated by robot designers and toymakers. With advanced robotics becoming cheaper and more commonplace, the challenge isn’t how we learn to accept robots—but whether we should care when they’re mistreated. And if we start caring about robot ethics, might we then go one insane step further and grant them rights?

First, the science: The brain is hardwired to assign humanlike qualities to anything that somewhat resembles us. A 2003 study found that 12-month-olds would check to see what a football-shaped item was “looking at,” even though the object lacked eyes. All the researcher had to do was move the item as if it were an animal and the infants would follow its “gaze.” Adults? Same reaction.

The perennial concern about the rise of robots has been how to keep them from, well, killing us. Isaac Asimov came down from the mountaintop with his Three Laws of Robotics (to summarize: Robots shouldn’t disobey or hurt humans or themselves). But what are the rules for the humans in this relationship? As technology develops animal-like sophistication, finding the thin metallic line between what’s safe to treat as an object and what’s not will be tricky. “It’s going to be a tougher and tougher argument to say that technology doesn’t deserve the same protection as animals,” says Clifford Nass, a Stanford professor who directs a program called the Communication Between Humans and Interactive Media Lab. “One could say life is special—whatever that means. And so, either we get tougher on technology abuse or it undermines laws about abuse of animals.”

It’s already being considered overseas. In 2007, a South Korean politician declared that his country would be the first to draw up legal guidelines on how to treat robots; the UK has also looked into the area (though nothing substantial has come of it anywhere). “As our products become more aware, there are things you probably shouldn’t do to them,” says John Sosoka, CTO of Ugobe, which makes the eerily lifelike robot dinosaur Pleo (also tortured on Web video). “The point isn’t whether it’s an issue for the creature. It’s what does it do to us.”

We live in an age of anxiety—about the economy, the environment, terrorism. And now even about our toys, which are forcing us to question the boundaries of humanity and compassion. Back on Sesame Street, Elmo Live’s creators have an answer: Keep soul-searching to a minimum and recognize that you’re buying a product, pure and simple. “This is a toy,” Fisher-Price’s Sirard says. “There shouldn’t be any laws about how you use your toys.” Happy grilling, Elmo!

Source: Wired

Popularity: 13% [?]

ABC’s Consolidation Prize

Posted by TSR Team On January - 23 - 2009 ADD COMMENTS

As the bum economy and last year’s writers strike take their toll on television, ABC merges its entertainment and studio divisions.

On the heels of NBC’s decision to consolidate its studio and network operations, ABC announced Thursday it will merge ABC Entertainment and ABC Studios into a single unit, ABC Entertainment Group.

Network Chief Steve McPherson will become president of the new division, while studio head Mark Pedowitz will move into a senior advisory role focused on business, emerging media and labor issues for the Walt Disney owned company.

“The landscape of our business, and an opportunity to coalesce the creative process dictated this change in structure,” Anne Sweeney, co-chair of Disney-Media Networks and president of Disney-ABC Television Group, said in a statement. “By operating these units in a coordinated fashion, we’ll be able to present the industry with a unified, cohesive creative vision for ABC programming, which will serve us well as we move forward.”

McPherson spoke candidly about the need for sweeping changes to the current broadcast model given both the current economic climate and the general state of the industry at last week’s Television Critics Association’s semi-annual confab in Los Angeles. “The world has shifted underneath these businesses, and we really need to be incredibly diligent and bold in what we do going forward,” he said, “otherwise we’ll be left by the wayside.”

So far this season, ABC has struggled to lure the big audiences they’d enjoyed in previous years. The network, home to long-running hits like Desperate Housewives, Grey’s Anatomy and Lost, is still reeling from last year’s writers’ strike. After launching just two new shows this fall (Life on Mars andOpportunity Knocks), only one remains on the air (Mars). Worse, Knocks, a reality series from Hollywood heavyweight Ashton Kutcher, was yanked from the schedule after only three poorly rated episodes.

According to Nielsen Research, ABC’s total viewership was down 10% for the first half of the season, compared to the same period a year earlier. For viewers aged 18 to 49, a demographic advertisers pay a premium to reach, that decline was an even more pronounced 14%.

In search–and need–of a spring-time do-over, ABC heads into the latter part of the broadcast season with an ambitious slate of new series. Among the offerings: The Unusuals (a police dramedy featuring Amber Tamblyn), Castle (a Nathan Fillian police procedural) and In the Motherhood (a one-time Web comedy staring Cheryl Hines).

 

Popularity: 10% [?]

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