Archive

  • Dimon Forever

    flickr/757Live

    The main item of business before JP Morgan Chase’s annual shareholder meeting, which will convene today in Tampa, is whether JPM CEO Jamie Dimon will be stripped of his additional post as chairman of JPM’s board of directors. A range of institutional investors concerned about the over-concentration of power atop the nation’s most powerful institutions, and upset by the $6 billion loss JPM took last year at its London trading desk, won roughly 40 percent shareholder support last year to separate the two positions. This year, they hope to do better, even though the bank’s public-relations offensive on Dimon’s behalf has made the prospect of winning a majority more difficult.

  • Michelle Obama Sends the Wrong Message

    Over the weekend, the Obamas—both Barack and Michelle—gave commencement speeches to historically black colleges and universities. At Bowie State University in Maryland, the First Lady mixed praise and encouragement with the kind of moral scolding that is familiar to anyone who has spent time with a certain generation of African Americans:

  • Hillary '16 Campaign Off to Excellent Start

    Hillary Clinton campaigning in 2008. (Flickr/pennstatenews)

    Breaking news: according to a report in today's Washington Post, Hillary Clinton's chances of winning the presidency in 2016 have increased by approximately a zillion percent, due to the fact that her former chief strategist Mark Penn, quite possibly the most incompetent and generally hackish consultant in U.S. political history, will not be working for her should she run again. Nor will any of her other senior advisers from 2008, which seems just as well.

    And did you know there's a Hillary Clinton biopic in the works? Not sure how I missed this news (which appears not to be an April Fool's joke), but the New Republic got hold of the screenplay for "Rodham," and it sounds pretty awful. Anyhow, as we enter the long will-she-or-won't-she period, which should last for another year and a half or so, there's one thing we ought to get straight.

  • IRS "Scandal" Turning Out to be Less Dastardly than Conservatives Think

    kenteegardin/Flickr

    Over the weekend, the New York Times published a comprehensive, deeply-reported look at the Internal Revenue Scandal. Far from finding evidence of a White House aiming to undermine its opponents, the Times uncovered a much more banal story—that of an understaffed and under-resourced agency, straining to do its job in difficult circumstances. Here’s the Times with more:

  • Conservatives Shift Gears on IRS

    Peggy Noonan is on the case. (Flickr/kylebogucki)

    Something odd happened to Barack Obama's approval rating last week: nothing. With a bunch of controversies swirling about the administration, one might think Americans would be thinking less of his performance. Yet the latest polls from Gallup and CNN both show his job approval essentially unchanged, at just at or above 50 percent.

    So far anyway, these "scandals" are, like most scandals, an almost completely partisan phenomenon. Yes, there are some—Watergate, Iran-Contra—where the facts are so damning and undeniable that even the president's own party can't help but acknowledge them. But Benghazi and the IRS are not Watergate or Iran-Contra. Perhaps they'll turn out to be, if we find out something completely shocking. Perhaps we'll discover that Barack Obama is on tape personally ordering the Cincinnati IRS office to put the screws to Tea Party groups, just as Richard Nixon was on tape ordering his aides to get the IRS to audit his political opponents. But that hasn't happened yet.

    So conservatives are trying something new. If you were paying close attention the last couple of days, you saw them bringing up a new charge, one unrelated to the actual controversy: IRS income tax audits.

  • Virginia GOP Says YOLO, Nominates Most Conservative Ticket Ever

    E.W. Jackson for Lieutenant Governor

    E.W. Jackson for Lieutenant Governor

  • A Devil of a Problem for Labor in the City of Angels

    AP Photo/Reed Saxon

    Tomorrow, Angelenos go to the polls to select a new mayor. Well, some Angelenos – actually, not a hell of a lot. Indeed, turnout is projected to be so low that the winner may actually get fewer votes than Fletcher Bowron did in winning the election of 1938, when Los Angeles was less than half as populous as it is today.

  • Big Brother Is You, Watching

    Google's Sergey Brin, sportin' the specs. (Flickr/Thomas Hawk)

    I stole the title of this post from an essay Mark Crispin Miller wrote 25 years ago about the effects of television, in which he argued that instead of a totalitarian government forcing us to submit through fear and oppression, we'd happily voluteer to be anesthetized by our TVs. Today though, the more proximate danger involves the rise of a kind of universal surveillance where we're being watched through much of our days, by governmental authorities, corporations looking to part us from our money, and each other. It's bad now, and it's only going to get worse.

    Which brings us to Google Glass, the augmented reality glasses rig that is getting closer to becoming a consumer product. People are starting to become concerned about the privacy implications of Google Glass, namely that you could be talking to someone who, unbeknownst to you, is recording everything you say. Or maybe you aren't even talking to them; maybe they're just walking behind you in the street, or sitting next to you in a restaurant. Maybe they'll have their Glass use facial recognition software to identify you, and then post to Twitter that you're in this restaurant, and you're looking a little tipsy. Members of the Bi-Partisan Privacy Caucus (yes, I didn't know there was such a thing either) in the House just sent a letter to Larry Page, Google's CEO, expressing their concerns.

    And what's Google's response? Don't sweat it, bro:

  • Doesn't Anybody Here Know How to Run a Conspiracy?

    Victoria Nuland's actual email.

    In case you've forgotten, what took Benghazi from "a thing Republicans keep whining about" to "Scandal!!!" was when some emails bouncing around between the White House, the CIA, and the State Department were passed to Jonathan Karl of ABC last Friday. The strange thing about it was that the emails didn't contain anything particularly shocking—no crimes admitted, no malfeasance revealed. It showed 12 different versions of talking points as everybody edited them, but why this made it a "scandal" no one bothered to say. My best explanation is that just the fact of obtaining previously hidden information, regardless of its content, is so exciting to reporters that they just ran with it. They're forever trying to get a glimpse behind the curtain, and when they do, they almost inevitably shout "Aha!" no matter what.

    But then the problem comes. The White House decided to release a whole batch of emails related to the subject, and when they were examined, it turns out that what was given to Karl had been altered. Altered by whom, you ask? Altered by Karl's source: Republican staffers on the House Oversight Committee, which had been given the emails by the White House (CBS's Major Garrett confirmed this yesterday).

    Let me just explain quickly in case you haven't been following this, and then we'll discuss what it means.

  • A Few Words about Angelina Jolie's Breasts

    AP Photo/Alastair Grant

    Angelina Jolie—a woman with some of the world’s most famous breasts—has explained in a thoughtful New York Times op-ed this week why she's had them prophylactically removed and replaced. Jolie’s mother died young, after a decade living with ovarian cancer; when Jolie herself got genetically tested, she learned that she had a BRCA1 genetic mutation that gave her an 87 percent chance of getting breast cancer. To protect her children from losing their mother too young, she opted for surgery, which she describes in some detail.

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