I was awakened at the crack of an unseen dawn by a severe thunderstorm, so I got started early trolling the nets for news. We have been having more than our share of climate this summer and in my neck of the woods that has included extreme heat broken by the aforementioned severe storms.
Paul Krugman proves that his journalism goes beyond economics with his column today on climate change and the denialist crowd, who point to every brief cool spell as proof that the heat is all in your head. You might even be undergoing menopause, a/k/a the Climactic. (My comment is #16 under "Oldest.)
The climate on Treasury Secretary Timothy Geithner's bum is due for a warm-up as he goes on Congressional hot seat this week to 'splain himself about Libor and Dodd-Frank and such. If a smoking gun were needed to place little Timmy smack dab in the middle of the Libor scandal, investigators have themselves an arsenal. He appears to have been an accessory during and after the fact. He knew cheating was going on, and like the newly statueless Joe Paterno, he did nada, nothing, zilch. The New York Times has an editorial up this morning cheering the fact that the DOJ is expected to prosecute at least one bank, and stops just short of suggesting Tim be included in the paperwork. (My comment is first under "oldest"). Ellen Brown provides a nice overview of the global banking cartel's high crimes and misdemeanors here. And Neil Barofsky, former TARP overseer, takes on the bungled bailouts. His tell-all book, including a juicy bit about Geithner's epic F-Bomb tirade, comes out tomorrow. Can't wait to get my hands on a copy.
And in case you missed it, here is the late Alexander Cockburn's last Nation column, in which he predicts the collapse under its own corrupt weight of the global financial cabal.
Don't expect President Obama to suddenly call for a renewal of the assault weapons ban in the wake of the Aurora massacre. He is declining to address the gun control issue; perhaps he is in denial. But his people do expect the "tone" of the nasty presidential campaign to change as a result. So the people didn't die in vain. Phew. (Is it me, or are the politicians and the media really rushing through the five stages of grief at an epic pace? Shock on Friday. Sadness on Saturday. Acceptance on Sunday. Now it's Monday, and time to move on, people. Give each other hugs and celebrate the joy of shortened lives. If we don't mention the shooter's name, it means we win.)
American Decline, myth or fact? Frank Rich takes on the outbreak of Andy Griffith nostalgia and claims there never really were any Good Old Days, just a lot of the same old denialism. This is some of Frank's best work, and well worth the read.