Cable News: Cacophony of Parrots

I watch cable news, reluctantly.  I grew up watching CNN in its prime, worldwide, 24 hour, serious, in depth coverage.  Those days are gone and most serious new sources are not American, they are at the BBC, FT, the Economist, the Guardian, etc.:  great English, clearly written and often bordering on the objective.

In the US I find the constant, incessant repetition of the same irrelevant, marginal, mostly political speculative stories, dancing with the stars, leading to no coverage of the unassailable problems of our times like war, taxes, government spending, influence peddling, poverty and inequality, corruption, government manipulation of the story lines and local and state problems [take your pick].

Rather now we are given our daily thin dose of presidential candidates two years ahead of time.  How fun it must be to talk long hours about something for which nothing is known.

US Inequality–Latin American Model?

Highly unequal countries tend to become unstable and dangerous places. How unequal do you want the United States to become?

via Fixing The US Budget – Straightforward Or The Hardest Problem On Earth? « The Baseline Scenario.

Our country  is gradually imitating the Latin American model of development with the latter’s great inequality (perhaps the worst region in the world), a huge gap between the few at the top of the income and asset pyramid and the mass at the bottom, accompanied by a fairly small middle.  In the US the middle and bottom have access only to increasingly poor education, restricting opportunities to lower paying jobs and not ability to accumulate capital (worse after the housing crisis) during their lifetime.

In the US the chance of progressing, related to education and opportunity, is rapidly narrowing for the middle class in the current unemployment crisis.  There seems to be little political desire to change the system.

The pure capitalist system works now for a few and, unless there is active government intervention to protect the low and middle income people, there is little prospect of changing these trends.  Things will get worse if the US extends income tax reductions permanently to the high income groups.

 

A Different View on Wikileaks

This idea of not protecting the powerful applies from the local government through international organizations–governments like to operate without serious criticism of their acts.  City commissioners and ministers of state cannot expect the press to protect them from their own incapacity to keep secrets, in this case accessible to 3 million people.
guardian.co.uk home

US embassy cables: The job of the media is not to protect the powerful from embarrassment

  • Simon Jenkins
  • Is it justified? Should a newspaper disclose virtually all a nation’s secret diplomatic communication, illegally downloaded by one of its citizens? The reporting in the Guardian of the first of a selection of 250,000 US state department cables marks a recasting of modern diplomacy. Clearly, there is no longer such a thing as a safe electronic archive, whatever computing’s snake-oil salesmen claim. No organisation can treat digitised communication as confidential. An electronic secret is a contradiction in terms.

    Anything said or done in the name of a democracy is, prima facie, of public interest. When that democracy purports to be “world policeman” – an assumption that runs ghostlike through these cables – that interest is global. Nonetheless, the Guardian had to consider two things in abetting disclosure, irrespective of what is anyway published by WikiLeaks. It could not be party to putting the lives of individuals or sources at risk, nor reveal material that might compromise ongoing military operations or the location of special forces.

    In this light, two backup checks were applied. The US government was told in advance the areas or themes covered, and “representations” were invited in return. These were considered. Details of “redactions” were then shared with the other four media recipients of the material and sent to WikiLeaks itself, to establish, albeit voluntarily, some common standard.

    The state department knew of the leak several months ago and had ample time to alert staff in sensitive locations. Its pre-emptive scaremongering over the weekend stupidly contrived to hint at material not in fact being published. Nor is the material classified top secret, being at a level that more than 3 million US government employees are cleared to see, and available on the defence department’s internal Siprnet. Such dissemination of “secrets” might be thought reckless, suggesting a diplomatic outreach that makes the British empire seem minuscule.

    The revelations do not have the startling, coldblooded immediacy of the WikiLeaks war logs from Iraq and Afghanistan, with their astonishing insight into the minds of fighting men seemingly detached from the ethics of war. The’s disclosures are largely of analysis and high-grade gossip. Insofar as they are sensational, it is in showing the corruption and mendacity of those in power, and the mismatch between what they claim and what they do.

    Few will be surprised to know that Vladimir Putin runs the world’s most sensational kleptocracy, that the Saudis wanted the Americans to bomb Iran, or that Pakistan’s ISI is hopelessly involved with Taliban groups of fiendish complexity. We now know that Washington knows too. The full extent of American dealings with Yemen might upset that country’s government, but is hardly surprising. If it is true that the Pentagon targeted refugee camps for bombing, it should be of general concern. American congressmen might also be interested in the sums of money given to certain foreign generals supposedly to pay for military equipment.

    The job of the media is not to protect power from embarrassment. If American spies are breaking United Nations rules by seeking the DNA biometrics of the UN director general, he is entitled to hear of it. British voters should know what Afghan leaders thought of British troops. American (and British) taxpayers might question, too, how most of the billions of dollars going in aid to Afghanistan simply exits the country at Kabul airport.

    No harm is done by high-class chatter about President Nicolas Sarkozy’s vulgarity and lack of house-training, or about the British royal family. What the American embassy in London thinks about the coalition suggests not an alliance at risk but an embassy with a talent problem.

    Some stars shine through the banality such as the heroic envoy in Islamabad, Anne Patterson. She pleads that Washington’s whole policy is counterproductive: it “risks destabilising the Pakistani state, alienating both the civilian government and the military leadership, and provoking a broader governance crisis without finally achieving the goal”. Nor is any amount of money going to bribe the Taliban to our side. Patterson’s cables are like missives from the Titanic as it already heads for the bottom.

    The money‑wasting is staggering. Aid payments are never followed, never audited, never evaluated. The impression is of the world’s superpower roaming helpless in a world in which nobody behaves as bidden. Iran, Russia, Pakistan, Afghanistan, Yemen, the United Nations, are all perpetually off script. Washington reacts like a wounded bear, its instincts imperial but its power projection unproductive.

    America’s foreign policy is revealed as a slave to rightwing drift, terrified of a bomb exploding abroad or of a pro-Israeli congressman at home. If the cables tell of the progress to war over Iran or Pakistan or Gaza or Yemen, their revelation might help debate the inanity of policies which, as Patterson says, seem to be leading in just that direction. Perhaps we can now see how catastrophe unfolds when there is time to avert it, rather than having to await a Chilcot report after the event. If that is not in the public’s interest, I fail to see what is.

    Clearly, it is for governments, not journalists, to protect public secrets. Were there some overriding national jeopardy in revealing them, greater restraint might be in order. There is no such overriding jeopardy, except from the policies themselves as revealed. Where it is doing the right thing, a great power should be robust against embarrassment.

    What this saga must do is alter the basis of diplomatic reporting. If WikiLeaks can gain access to secret material, by whatever means, so presumably can a foreign power. Words on paper can be made secure, electronic archives not. The leaks have blown a hole in the framework by which states guard their secrets. The Guardian material must be a breach of the official secrets acts. But coupled with the penetration already allowed under freedom of information, the walls round policy formation and documentation are all but gone. All barriers are permeable. In future the only secrets will be spoken ones. Whether that is a good thing should be a topic for public debate

    Real Estate News from MarketWatch.com: Find Something Positive for Coral Gables.

    The following are snippets last week from MarketWatch.com on real estate news and blues–mostly blues.  Do we think that Coral Gables will soon find its property tax values rising.  I guess not.  Sorry to be so pessimistic about the near term (three to five year) future of real estate in Florida and Coral Gables.

    The pending supply or “shadow inventory” of U.S. homes hit 2.1 million units, or eight months of supply, in August, up more than 10% from 1.9 million units, or five months of supply, a year ago, according to a report by CoreLogic on Monday.

    Sales of existing homes fell 2.2% in October, according to a report released Tuesday, with activity remaining mired near record lows as worries over prices, a glut of foreclosed properties, restrictive credit and high unemployment combine to weigh on the market.

    After a big jump last week, mortgage rates stabilized this week, with rates on fixed-rate mortgages barely changing, according to Freddie Mac’s weekly survey of conforming mortgage rates, released Wednesday.

    Rates on 30-year fixed-rate mortgages averaged 4.4% for the week ending Nov. 24, up from 4.39% last week. The rate averaged 4.78% a year ago.

    Sales of new single-family homes fell 8.1% in October to a seasonally adjusted annual rate of 283,000, according to data released Wednesday by the Census Bureau and the Department of Housing and Urban Development.