Mao's words in Tienamen Square in October of 1949. In the original model, there would be factory floor councils. Taken away. But now the Chinese workers themselves have recreated the workers councils on the shop floor.
BTW in 1990 Michael Camdesus of the IMF destroyed the shop floor councils in Russia as his first act of 'reform'.
Did you hear that today? Salazar who frankly should never have been appointed, he's a real corporate troll, esp. in the Senate, said BP should pay the salaries of all of the laid off oil rig workers.
I found that to be ridiculous in a lot of ways. Should the government pay my salary because they are busy enabling offshore outsourcing and insourcing displacing U.S. workers? (in full, not the peanuts of UI).
Should the lobbyists? (well, uh yeah).
Bobby Jindal was out vacuuming oil, which it does appear there is a lot of technology just being ignored by BP that could be highly effective on clean up.
Another show did one that operates out of coastal tankers and the demo of that looked great and was used in the Kuwait (largest oil spill ever) spill in their gulf.
It truly doesn't make any sense they are not and did not deploy these technologies. Costner claims he can process 200 gal. per second in his centrifuge. That is A LOT, so let's see that puppy. Regardless all of this is better than throwing glorified towels at the oil and paper napkins and rakes.
Is this oil production industry niche online newspaper, Upstreamonline.com.
The DOE put up some data on the well and the interior casings are described to have a 16" diameter. So, once again this trash can diameter analogy is pure folly on a host of fronts.
There are some at EPI who are but it's moved to kind of this Hodgepodge of groups who have organized, who are focused on the actual manufacturing, production economy as well as good paying jobs. I've tried to list their blogs on the left and I'll agree, labor generally is not focused enough on industrial/manufacturing statistics, macro econ, the U.S. workforce as a whole, union members or not...
But what is presented as "center", it's David Gergen, CNN pundit, politicians and so on who continually use these terms "left", "far left", "center", "right", "far right"...and it just masks corporations, their agenda and doesn't even articulate the issue at hand.
I'll take budget deficits as an example. I think this site is extremely concerned but not due to deficit spending, due to the ineffectual spending, it's not "Stimulate", it's not the most bang for the buck, it's not restructuring the U.S. economy in favor of long term growth and a stronger workforce, wages and so on...it's just spending! Much of it corporate welfare. But that is not differentiated in the media, right spending vs. just spending. It's just labeled some direction of the political field...
and nothing could be further from the truth of it.
Recently EPI economist really hammered on Chinese currency manipulation and of course...
got nowhere. Congress threatened, of course did nothing, despite the number of cosponsors of the bill being the majority. Obama administration (just plain laugh). Hillary went over to China with teddy bears and gushing positives while Shanghai opened another industrial center. Isn't it great that China buys our debt?
U.S. multinationals are assuredly not helping on Chinese currency manipulation, since they are making huge profits by offshore outsourcing our jobs, using Chinese slave labor and artificially low production costs they selling us back the crap courtesy of Mastercard and Visa.
The union split I don't think helped much (AFL-CIO/SEIU), but the SEIU is primarily services, a lot of it low skilled services whereas the manufacturing unions are more under the AFL-CIO and let's face it, they continually get hammered. I'm sure you've read the reports on the SEIU working against another local's (union) labor interests too, which is amazingly beyond the pale of reason.
BP is bringing in ships article here to process more oil and burn more gas. These things are massive. The report is one at least will be in the Bahamas by Friday and how long from there to get to the deepwater horizon site, I don't know, a week, 5 days?
These things only go about 14 knots, they are huge, so it takes time to move around the ocean.
Somebody screwed up obviously in their estimates but this did deploy last Wednesday so it's not like they waited, odds are more didn't buy into their own engineering or maybe their is internal denial on the real spill rate too.
Now there is this massive argument and news confusion over plumes and more oil.
I don't get this, the thing is a friggin' disaster, that's with the real diameters of the pipes and the real flow, so why they are arguing and reporting more misinformation is just clogging the system here.
I'm seeing reports claiming BP refuses to give oil samples to NOAA. That is absurd, all NOAA has to do is scoop up some around the site or go to any processing facility who is refining the already collected oil from the main site.
BP executives are out there in pure denial on plumes, isn't that stupid, they exist, it's obvious they exist. The question is their density, their origin and their volume.
So, we have misinformation coming from every direction. They need to muzzle the reporters, attorneys, executives and politicians and only put on the engineers.
We also have a real issue with bacteria eating the broken oil. That's all great except for one thing, this stuff sucks up oxygen. Now the Gulf has had problems dead zones, plumes of algae and all sorts of nasty before all of this, so oxygen depletion isn't something new, but assuredly is something that could add to the Gulf problems in a huge way.
The capture rate is now at 15,000 bbl per day or bpd which is the maximum capacity of the current collection system.
BP is claiming this will up production to 28,000 bbl per day or bpd. I'm seeing gallons getting confused with oil barrels out in the MSM again. OMG these numbers just FREAK ME OUT! Sic, typical reporter...
anywho, it's 42 gallons per oil barrel and considering the massive amounts of oil it's easier to look at barrels.
What is becoming scary is the production mess. They have massive gas, which they are burning off, they are now needing separators of gas, oil and water, on boats, in the middle of a nasty oil slick. They have government breathing down their necks.
Frankly I worry about safety. Not like BP ever cut corners on safety! But the politicians, the press and the rest of it is where pressures can result into disastrous decisions.
They should put a muzzle on everyone who doesn't have at least a Bachelors in Engineering (sans BP CEO). The rumor noise is on maximum volume.
If you look at spillcam it's clear they tightened some things on the cap, even though they are at maximum capacity for collection. You can periodically see the cap through the oil gush around it and you can routinely see the fins of the cap now.
When I began my avocation in volunteer political activism many years ago, I read everything by and about Veblen that I could find. When reading him, I would have to stop every few minutes and marvel at the brilliance of the man, frequently finding myself astounded at the extraordinary depth of his comprehension of his subject.
I, of course, believe things are considerably worse than Tony posits, but then I've been following these things for a number of decades. While the corpoate mcnews -- and an "unnamed source" in the Obama Administration, proclaims that Organized Labor wasted $10 million in the Lincoln primary in Arkansas --- and credits Clinton's attacks on labor with her marginal victory --- and more likley scenario is that she will most likely lose the election, with the Republican candidate strongly winning, and then Lincoln will be employed by those who were previously paying her, but now will have shifted their financial donations to the new election victor.
That's the manner in which they now orchestrate and coordinate things. I recall from Reagan's 1980 victory over Carter, that the Reagan people donated heavily to the most extremist feminists and groups (the ones claiming all males are rapists, etc.) and when I approached an acquaintance who received their funds and explained it to her, she acted unphased about it, believing the money would aid her "cause."
Of course, it worked as it was supposed to, increasing their claims, further alienating voters, and adding to the votes for Reagan. They know how to manipulate things on a grandiose scale.
And they will eventually blame Organized Labor for (the corporate faux crat's) Lincoln's loss to a Republican, completely contradicting their earlier assertions --- not that it matters in her case --- while at least labor demonstrated something in the matter --- that the power elites or financial elites are simply too rich and too powerful and control too much to be overcome within a system they have completely gamed.
A recommendation to Tony: although sounding like a complete Veblen scholar and has probably already read this -- in case you haven't, please check out Rick Tilman's The Intellectual Legacy of Thorstein Veblen: unresolved issues --- a great and scholarly (and short) read.
Of course, one cannot guess at who that "unnamed source" might be, given that 100% of the Obama Administration is antiworker, antilabor and antiunion. (Although it should be safe to rule out President Obama's two daughters, I would imagine?)
I've always believed Obama would do exactly as he has. After all, he came from years teaching at the University of Chicago -- and that is Ground Zero for the antiworker, pro-global elites sentiments. (And lest anyone forget, originally and principally funded by one John D. Rockefeller.)
As one of the greatest (if not the greatest) thinker of the Western world said in his most pithy and brilliant fashion:
Funny thing about both Whitman and Fiorina,
they both have links in HP and EBay back to
Radiant Info Systems. Carly has links to FoxConn. HP is a client of Radiant. Radiant
uses Indian prison labor to offshore U.S. Jobs. EBay is also listed as a client to Radiant on their webpages.
Will these become issues in the campaigns? Does using slave labor matter anymore? I really do not know, but I hope that the Brown and the Boxer campaigns make an issue the very worst kind of offshoring:slavery.
That's an average of $540 a piece. If the these rip off fees totaled in the thousands, per home owner, then this fine is not recovering even the original ripoff amount, never mind the additional hardship and emotional toll.
Home owners had no choice in who serviced their mortgage, countrywide was #1, then did this bogus services and fees, jacking up the costs over 100%.
Another question is the real number of homeowners. 200,000 or is it more than that?
Regardless the fee is too small. All of these fees are too small because they just become an operating cost. That won't even cause a fraction tick in BoA's stock price. Be a blip on their quarterly report.
We need personal liability or plain jail time for a lot of these corporate crimes and abuses. Currently you can pretty much get away with murder if you are incorporated and assuredly that's the situation here.
(it might be somebody else) in an NPR interview around 2006 who said that as the middle class is destroyed, the political center is also destroyed.
And I've sensed for a while that American labor unions no longer possess a strong sense of industrial economics. For example, attacks on free trade are muted, or simply become demands for "fair trade." There is some, but not nearly enough, agitation on the role of speculative capital. And I can find no tracking of actual industrial economic statistics and indicators.
I've been trying to find out what is the maximum flow rate of that well with no BOP, just a hole in the ground and have yet to find that number. What is the maximum of any oil well?
But I agree, that was bogus to throw out that number and it's clear CNN just is kind of this inbred group who cannot add up two numbers. Of course there is way worse on cable. Chris Matthews, he's one to never let the trivial pass by, pounds on that daily and when there is something serious on, his lack of comprehension shows. Keith Olbermann, rant du jour without substance, surprise, he's a sports writer and I suspect a misogynist to boot. List goes on. Even Dylan Ratigan, who I like, has just had on the endorsed punditry without doing his fact checking. We need more Bill Moyers, who is obviously partisan but he sure as hell does his homework.
Lou Dobbs was attacked by the illegal alien lobby, who will do campaigns against anyone who speaks out on illegal immigration. Dobbs made mistakes on air too, some notorious, and some of those rants, I personally cringed, but he did have better, more accurate numbers most of the time on anything economic and he pulled in a lot of experts, except towards the end, he was getting these glorified conservatives with their numbers spin on that show.
CNN claims to be "objective" and what they really are is vague, a lot of noise and inaccuracies. This seems to be a problem overall with Journalism. To do your homework takes time and skill, esp. these days.
Anyone notice the talking head pundits, especially cable TV, talk about "the center" and "bi-partisanship", when in reality that's simply the corporate lobbyists' demands and desires? So do politicians. Every time these buzz words are uttered you know it's some corporate lobbyist wanting something or something removed.
The center is corporate control, oligarchy. The real problem to me is a lack of policy specifics, which is dead opposite what most pundit du jour would say. Politics is loaded with mealy mouthed sound bytes, phrases that are not specific.
What we need is well educated, not bought and paid for legislators who cannot be bought who are not crazy.
Speaking of which, both Halter and Lincoln were terrible on offshore outsourcing, but Halter was attacked by a U.S. Chamber of Commerce front group for offshore outsourcing, Lincoln was not. Add to that the SEIU has some policy agendas that really do not make sense....to U.S. labor, sorry, economically for the national workforce as a whole, they do not, although make great sense to increase SEIU membership....
I have a funny feeling that wouldn't fly too well in Arkansas.
Let's see if Lincoln now abandons her derivatives amendment or fights for it. She's going to lose, the deck is 100% stacked by conferees and last I read they literally may rewrite "financial reform".
Current U.S. Consumption runs 18.4 million BPD. Production is 40 percent of that number or about 7.5 Million BPD. If the upper end number CNN is using is correct, 250K BPD, would be 3 percent of U.S. production on a daily basis.Nonsense.
CNN empty suits can't do math or economics, that's how they fired Lou, their best economist, who spoke truth to power.
I'm assuredly not defending BP and it's clear their lawyers are running the show when it should be the engineers, but that said, I just watched it claimed the diameter of the pipe, before the cap, after cutting off the riser was the size of a large garbage can in diameter. They didn't give the trash can dimensions at all. It looked like a 55 gal, but could have been a 32 gal. The diameter for a 55 gal is about 27", depends on the design, a 32 gal is 24" minimum.
Big problem, neither match the riser pipe internal diameter, it's 18" inner to about 21" BOP dimensions here.
That's huge, that's a foot and a half, so why exaggerate?
CNN is also giving barrels per day numbers of 250,000 reading from some BP worst case scenario document but I doubt that is just one well after reading about well capacity they are quoting. I don't think one well could even produce that much.
BP's worst case with the entire well blowing out at the base was 160,000 bpd and that's questionable too on what conditions they are referring to. Supposedly this well's max is 100,000 bpd
What I don't get is they were shutting this well down in the first place. 100,000 barrels is a lot of oil.
It's pretty obviously bad and BP should just fire the attorneys, at least when it comes to anything environmental or science and put the engineers in charge.
But all of this swirling misinformation is getting ridiculous.
The point of EP is to get to specifics and analyze as well as general rants to get the focus on economic, all things $$ reforms that actually work and make sense for most of Americans, middle class, working stiff.
The first everyone knows, "It's a Wonderful Life". Jimmy Stewart does not jump of the bridge and the curmudgeon who owns the Bank loses. and good-guys at the S&L prevail. Quaint. Well at least until the 80's.
Then there's "Grapes of Wrath". The poor Oakies make it to California only to get shit on like us. But they get by in the end because Henry Fonda gives his famous solidarity speech, "where ever some guy is gettin' beat up by a cop.. I'll be there..."
But the best is "Treasure of Sierra Madre", a story of not only self-destructive greed, but a world where cops and criminals are indistinguishable. In the end, Walter Houston who saves the drowned boy, finds redemption by renouncing greed and and becoming a beloved healer. This is an ancient story going back to Chaucer and Boccaccio in the 1350's time of the Black Death. Even darker times.
If you are still not buying the spin, there's Edgar Cayce. Never wrong yet. He had a prediction for 2012.
He says that the Money Syndicates "will be brought under control"
Mao's words in Tienamen Square in October of 1949. In the original model, there would be factory floor councils. Taken away. But now the Chinese workers themselves have recreated the workers councils on the shop floor.
BTW in 1990 Michael Camdesus of the IMF destroyed the shop floor councils in Russia as his first act of 'reform'.
NYTimes.
"Labor Disputes Spread in China"
http://www.nytimes.com/2010/06/11/business/global/11strike.html?ref=busi...
Heard it on CNN and AP news outlets, if I get a spare moment I'll try to track it down.
Here's one link I have at hand, though.
Did you hear that today? Salazar who frankly should never have been appointed, he's a real corporate troll, esp. in the Senate, said BP should pay the salaries of all of the laid off oil rig workers.
I found that to be ridiculous in a lot of ways. Should the government pay my salary because they are busy enabling offshore outsourcing and insourcing displacing U.S. workers? (in full, not the peanuts of UI).
Should the lobbyists? (well, uh yeah).
What's the reference on that?
Bobby Jindal was out vacuuming oil, which it does appear there is a lot of technology just being ignored by BP that could be highly effective on clean up.
Another show did one that operates out of coastal tankers and the demo of that looked great and was used in the Kuwait (largest oil spill ever) spill in their gulf.
It truly doesn't make any sense they are not and did not deploy these technologies. Costner claims he can process 200 gal. per second in his centrifuge. That is A LOT, so let's see that puppy. Regardless all of this is better than throwing glorified towels at the oil and paper napkins and rakes.
Is this oil production industry niche online newspaper, Upstreamonline.com.
The DOE put up some data on the well and the interior casings are described to have a 16" diameter. So, once again this trash can diameter analogy is pure folly on a host of fronts.
There are some at EPI who are but it's moved to kind of this Hodgepodge of groups who have organized, who are focused on the actual manufacturing, production economy as well as good paying jobs. I've tried to list their blogs on the left and I'll agree, labor generally is not focused enough on industrial/manufacturing statistics, macro econ, the U.S. workforce as a whole, union members or not...
But what is presented as "center", it's David Gergen, CNN pundit, politicians and so on who continually use these terms "left", "far left", "center", "right", "far right"...and it just masks corporations, their agenda and doesn't even articulate the issue at hand.
I'll take budget deficits as an example. I think this site is extremely concerned but not due to deficit spending, due to the ineffectual spending, it's not "Stimulate", it's not the most bang for the buck, it's not restructuring the U.S. economy in favor of long term growth and a stronger workforce, wages and so on...it's just spending! Much of it corporate welfare. But that is not differentiated in the media, right spending vs. just spending. It's just labeled some direction of the political field...
and nothing could be further from the truth of it.
Recently EPI economist really hammered on Chinese currency manipulation and of course...
got nowhere. Congress threatened, of course did nothing, despite the number of cosponsors of the bill being the majority. Obama administration (just plain laugh). Hillary went over to China with teddy bears and gushing positives while Shanghai opened another industrial center. Isn't it great that China buys our debt?
U.S. multinationals are assuredly not helping on Chinese currency manipulation, since they are making huge profits by offshore outsourcing our jobs, using Chinese slave labor and artificially low production costs they selling us back the crap courtesy of Mastercard and Visa.
The union split I don't think helped much (AFL-CIO/SEIU), but the SEIU is primarily services, a lot of it low skilled services whereas the manufacturing unions are more under the AFL-CIO and let's face it, they continually get hammered. I'm sure you've read the reports on the SEIU working against another local's (union) labor interests too, which is amazingly beyond the pale of reason.
BP is bringing in ships article here to process more oil and burn more gas. These things are massive. The report is one at least will be in the Bahamas by Friday and how long from there to get to the deepwater horizon site, I don't know, a week, 5 days?
These things only go about 14 knots, they are huge, so it takes time to move around the ocean.
Somebody screwed up obviously in their estimates but this did deploy last Wednesday so it's not like they waited, odds are more didn't buy into their own engineering or maybe their is internal denial on the real spill rate too.
Now there is this massive argument and news confusion over plumes and more oil.
I don't get this, the thing is a friggin' disaster, that's with the real diameters of the pipes and the real flow, so why they are arguing and reporting more misinformation is just clogging the system here.
I'm seeing reports claiming BP refuses to give oil samples to NOAA. That is absurd, all NOAA has to do is scoop up some around the site or go to any processing facility who is refining the already collected oil from the main site.
BP executives are out there in pure denial on plumes, isn't that stupid, they exist, it's obvious they exist. The question is their density, their origin and their volume.
So, we have misinformation coming from every direction. They need to muzzle the reporters, attorneys, executives and politicians and only put on the engineers.
We also have a real issue with bacteria eating the broken oil. That's all great except for one thing, this stuff sucks up oxygen. Now the Gulf has had problems dead zones, plumes of algae and all sorts of nasty before all of this, so oxygen depletion isn't something new, but assuredly is something that could add to the Gulf problems in a huge way.
The capture rate is now at 15,000 bbl per day or bpd which is the maximum capacity of the current collection system.
BP is claiming this will up production to 28,000 bbl per day or bpd. I'm seeing gallons getting confused with oil barrels out in the MSM again. OMG these numbers just FREAK ME OUT! Sic, typical reporter...
anywho, it's 42 gallons per oil barrel and considering the massive amounts of oil it's easier to look at barrels.
What is becoming scary is the production mess. They have massive gas, which they are burning off, they are now needing separators of gas, oil and water, on boats, in the middle of a nasty oil slick. They have government breathing down their necks.
Frankly I worry about safety. Not like BP ever cut corners on safety! But the politicians, the press and the rest of it is where pressures can result into disastrous decisions.
They should put a muzzle on everyone who doesn't have at least a Bachelors in Engineering (sans BP CEO). The rumor noise is on maximum volume.
If you look at spillcam it's clear they tightened some things on the cap, even though they are at maximum capacity for collection. You can periodically see the cap through the oil gush around it and you can routinely see the fins of the cap now.
Thanks for mentioning that Indian prison labor -- I had completely forgotten about that.
Definitely against that UN human rights thingy, that everyone so conveniently ignores....
When I began my avocation in volunteer political activism many years ago, I read everything by and about Veblen that I could find. When reading him, I would have to stop every few minutes and marvel at the brilliance of the man, frequently finding myself astounded at the extraordinary depth of his comprehension of his subject.
I, of course, believe things are considerably worse than Tony posits, but then I've been following these things for a number of decades. While the corpoate mcnews -- and an "unnamed source" in the Obama Administration, proclaims that Organized Labor wasted $10 million in the Lincoln primary in Arkansas --- and credits Clinton's attacks on labor with her marginal victory --- and more likley scenario is that she will most likely lose the election, with the Republican candidate strongly winning, and then Lincoln will be employed by those who were previously paying her, but now will have shifted their financial donations to the new election victor.
That's the manner in which they now orchestrate and coordinate things. I recall from Reagan's 1980 victory over Carter, that the Reagan people donated heavily to the most extremist feminists and groups (the ones claiming all males are rapists, etc.) and when I approached an acquaintance who received their funds and explained it to her, she acted unphased about it, believing the money would aid her "cause."
Of course, it worked as it was supposed to, increasing their claims, further alienating voters, and adding to the votes for Reagan. They know how to manipulate things on a grandiose scale.
And they will eventually blame Organized Labor for (the corporate faux crat's) Lincoln's loss to a Republican, completely contradicting their earlier assertions --- not that it matters in her case --- while at least labor demonstrated something in the matter --- that the power elites or financial elites are simply too rich and too powerful and control too much to be overcome within a system they have completely gamed.
A recommendation to Tony: although sounding like a complete Veblen scholar and has probably already read this -- in case you haven't, please check out Rick Tilman's The Intellectual Legacy of Thorstein Veblen: unresolved issues --- a great and scholarly (and short) read.
Of course, one cannot guess at who that "unnamed source" might be, given that 100% of the Obama Administration is antiworker, antilabor and antiunion. (Although it should be safe to rule out President Obama's two daughters, I would imagine?)
I've always believed Obama would do exactly as he has. After all, he came from years teaching at the University of Chicago -- and that is Ground Zero for the antiworker, pro-global elites sentiments. (And lest anyone forget, originally and principally funded by one John D. Rockefeller.)
As one of the greatest (if not the greatest) thinker of the Western world said in his most pithy and brilliant fashion:
"What is, is wrong."
Funny thing about both Whitman and Fiorina,
they both have links in HP and EBay back to
Radiant Info Systems. Carly has links to FoxConn. HP is a client of Radiant. Radiant
uses Indian prison labor to offshore U.S. Jobs. EBay is also listed as a client to Radiant on their webpages.
Will these become issues in the campaigns? Does using slave labor matter anymore? I really do not know, but I hope that the Brown and the Boxer campaigns make an issue the very worst kind of offshoring:slavery.
AP report.
That's an average of $540 a piece. If the these rip off fees totaled in the thousands, per home owner, then this fine is not recovering even the original ripoff amount, never mind the additional hardship and emotional toll.
Home owners had no choice in who serviced their mortgage, countrywide was #1, then did this bogus services and fees, jacking up the costs over 100%.
Another question is the real number of homeowners. 200,000 or is it more than that?
Regardless the fee is too small. All of these fees are too small because they just become an operating cost. That won't even cause a fraction tick in BoA's stock price. Be a blip on their quarterly report.
We need personal liability or plain jail time for a lot of these corporate crimes and abuses. Currently you can pretty much get away with murder if you are incorporated and assuredly that's the situation here.
(it might be somebody else) in an NPR interview around 2006 who said that as the middle class is destroyed, the political center is also destroyed.
And I've sensed for a while that American labor unions no longer possess a strong sense of industrial economics. For example, attacks on free trade are muted, or simply become demands for "fair trade." There is some, but not nearly enough, agitation on the role of speculative capital. And I can find no tracking of actual industrial economic statistics and indicators.
I've been trying to find out what is the maximum flow rate of that well with no BOP, just a hole in the ground and have yet to find that number. What is the maximum of any oil well?
But I agree, that was bogus to throw out that number and it's clear CNN just is kind of this inbred group who cannot add up two numbers. Of course there is way worse on cable. Chris Matthews, he's one to never let the trivial pass by, pounds on that daily and when there is something serious on, his lack of comprehension shows. Keith Olbermann, rant du jour without substance, surprise, he's a sports writer and I suspect a misogynist to boot. List goes on. Even Dylan Ratigan, who I like, has just had on the endorsed punditry without doing his fact checking. We need more Bill Moyers, who is obviously partisan but he sure as hell does his homework.
Lou Dobbs was attacked by the illegal alien lobby, who will do campaigns against anyone who speaks out on illegal immigration. Dobbs made mistakes on air too, some notorious, and some of those rants, I personally cringed, but he did have better, more accurate numbers most of the time on anything economic and he pulled in a lot of experts, except towards the end, he was getting these glorified conservatives with their numbers spin on that show.
CNN claims to be "objective" and what they really are is vague, a lot of noise and inaccuracies. This seems to be a problem overall with Journalism. To do your homework takes time and skill, esp. these days.
Anyone notice the talking head pundits, especially cable TV, talk about "the center" and "bi-partisanship", when in reality that's simply the corporate lobbyists' demands and desires? So do politicians. Every time these buzz words are uttered you know it's some corporate lobbyist wanting something or something removed.
The center is corporate control, oligarchy. The real problem to me is a lack of policy specifics, which is dead opposite what most pundit du jour would say. Politics is loaded with mealy mouthed sound bytes, phrases that are not specific.
What we need is well educated, not bought and paid for legislators who cannot be bought who are not crazy.
Speaking of which, both Halter and Lincoln were terrible on offshore outsourcing, but Halter was attacked by a U.S. Chamber of Commerce front group for offshore outsourcing, Lincoln was not. Add to that the SEIU has some policy agendas that really do not make sense....to U.S. labor, sorry, economically for the national workforce as a whole, they do not, although make great sense to increase SEIU membership....
I have a funny feeling that wouldn't fly too well in Arkansas.
Let's see if Lincoln now abandons her derivatives amendment or fights for it. She's going to lose, the deck is 100% stacked by conferees and last I read they literally may rewrite "financial reform".
Current U.S. Consumption runs 18.4 million BPD. Production is 40 percent of that number or about 7.5 Million BPD. If the upper end number CNN is using is correct, 250K BPD, would be 3 percent of U.S. production on a daily basis.Nonsense.
CNN empty suits can't do math or economics, that's how they fired Lou, their best economist, who spoke truth to power.
I'm assuredly not defending BP and it's clear their lawyers are running the show when it should be the engineers, but that said, I just watched it claimed the diameter of the pipe, before the cap, after cutting off the riser was the size of a large garbage can in diameter. They didn't give the trash can dimensions at all. It looked like a 55 gal, but could have been a 32 gal. The diameter for a 55 gal is about 27", depends on the design, a 32 gal is 24" minimum.
Big problem, neither match the riser pipe internal diameter, it's 18" inner to about 21" BOP dimensions here.
That's huge, that's a foot and a half, so why exaggerate?
CNN is also giving barrels per day numbers of 250,000 reading from some BP worst case scenario document but I doubt that is just one well after reading about well capacity they are quoting. I don't think one well could even produce that much.
BP's worst case with the entire well blowing out at the base was 160,000 bpd and that's questionable too on what conditions they are referring to. Supposedly this well's max is 100,000 bpd
What I don't get is they were shutting this well down in the first place. 100,000 barrels is a lot of oil.
It's pretty obviously bad and BP should just fire the attorneys, at least when it comes to anything environmental or science and put the engineers in charge.
But all of this swirling misinformation is getting ridiculous.
The point of EP is to get to specifics and analyze as well as general rants to get the focus on economic, all things $$ reforms that actually work and make sense for most of Americans, middle class, working stiff.
The first everyone knows, "It's a Wonderful Life". Jimmy Stewart does not jump of the bridge and the curmudgeon who owns the Bank loses. and good-guys at the S&L prevail. Quaint. Well at least until the 80's.
Then there's "Grapes of Wrath". The poor Oakies make it to California only to get shit on like us. But they get by in the end because Henry Fonda gives his famous solidarity speech, "where ever some guy is gettin' beat up by a cop.. I'll be there..."
But the best is "Treasure of Sierra Madre", a story of not only self-destructive greed, but a world where cops and criminals are indistinguishable. In the end, Walter Houston who saves the drowned boy, finds redemption by renouncing greed and and becoming a beloved healer. This is an ancient story going back to Chaucer and Boccaccio in the 1350's time of the Black Death. Even darker times.
If you are still not buying the spin, there's Edgar Cayce. Never wrong yet. He had a prediction for 2012.
He says that the Money Syndicates "will be brought under control"
A comment on our Regulators:
http://www.youtube.com/watch?v=VqomZQMZQCQ
Tonto always used to warn the Lone Ranger,
"White Man speak with forked tongue." I could never forget that line.
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