Tag: Holder

My Key stories of the world in 2014

Twenty fourteen was a busy year for the planet and in general a rather unhappy time. But believing as I do that when the pendulum swings too far in one direction (big brother) it swings back (personal freedom), I am such an optimist that I see some hopeful signs for 2015. These are the developments that I think are important (and/or felt like writing about).

Torture: A big plus this year was the eye-opening report of the United States Senate Select Committee on Intelligence Report on CIA Torture. It found that the CIA used torture (violating the Universal Declaration of Human Rights, the United Nations Declaration Against Torture, and the I, II, and IV Geneva Conventions of 1949 all of which were signed by the United States and are thus binding laws of the land) and that it was not effective in gathering actionable information that couldn’t have been obtained with traditional interrogation techniques. Admittedly Senator Diane Feinstein was angry about CIA illegal hacking of computers of the Committee staff who have the legal responsibility of CIA oversight and may have been settling some scores. But if you do not find these abuses of power frightening, you live in the wrong country. While the report might not have been fully balanced, its findings on the ineffectiveness of torture are consistent with the earlier findings. https://wcoats.wordpress.com/2010/02/26/torture-is-immoral-and-doesn’t-work/

Our common sense assumption that a prisoner being tortured will tell his captures whatever they want to hear in order to stop the pain was dramatically confirmed by the recent news that Nian Bin was released by the Chinese government after eight years in prison for murders he did not commit. He was originally tortured into admitting the alleged crimes. http://www.washingtonpost.com/world/asia_pacific/in-china-a-rare-criminal-case-in-which-evidence-made-a-difference/2014/12/29/23f86b80-796b-11e4-9721-80b3d95a28a9_story.html

Hopefully these disclosures will reign in these embarrassing and appalling abuses by the United States government.

Greece: Since joining the EU and adopting the Euro (still very popular in Greece as protection against the bad old inflation days), Greece has enjoyed and unfortunately recklessly indulged in a higher living standard (consumption) than it earned (produced) by borrowing from the rest of Europe at the low interest rates paid by Germany. This mispricing of the risk of lending to Greece by financial markets resulted in part from the failure of the European Central Bank (ECB) to rate Greece sovereign debt realistically (treating all sovereign debt of its members alike). It also reflected the moral hazard of the wide spread belief that the EU, ECB, and international financial institutions such as the IMF would bail out holders of such debt. But no one and no country can live beyond its means forever. What can’t go on forever, won’t. https://wcoats.wordpress.com/2010/05/30/greeces-debt-crisis-simplified/, https://wcoats.wordpress.com/2012/02/26/saving-greece-austerity-andor-growth/

The balance between what Greece (short hand for individuals, firms, and government domiciled in Greece) imports and (pays for with) exports can be restored by lowering the cost of Greek goods and services. This will increase its exports and decrease its imports. This can be achieved by lowering wages and other costs of production or increasing productivity. Lowering wages without an increase in productivity simply acknowledges the reality that Greeks are poorer than most other Europeans. Increasing productivity improves Greek competitiveness and thus exports while also increasing its real standard of living.

The loans provided to the Greek government by the troika (EU, ECB, and IMF) tied to (i.e. conditional on) reductions in the government’s borrowing needs (reducing government employees, increasing tax revenue, etc) and structural reforms to make the economy more productive, provided an alternative to its default and forced sudden cut in government spending that markets would have forced on it otherwise. There is debate about which approach would be best for Greece in the long term. Hopefully Greek voters will face and debate this choice honestly in the presidential elections in January: http://www.washingtonpost.com/world/europe/greek-impasse-forces-early-elections-and-fears-of-euro-crisis-return/2014/12/29/3be75924-8f4e-11e4-ba53-a477d66580ed_story.html The implications for the EU and the Euro are huge. https://wcoats.wordpress.com/2011/11/02/the-greek-referendum/

Cuba: President Obama has decided to diplomatically recognize Cuba after a half century long failed policy of sanctions. Not only have our economic sanctions failed to displace the Castro brothers and their pernicious regime (most other countries do not observe our sanctions and trade and invest with Cuba anyway), we have no business (or national self interest) in adopting and promoting a regime change as national policy, however much we might wish for it. Moreover it is very much in our national interest to have good information on and channels of communication with every country with a government no matter how chosen. The linked article by Marc Thiessen illustrates the arrogant and dangerous thinking of our neocons. If Thiessen supports something, I start out against it until convinced otherwise: http://www.washingtonpost.com/opinions/marc-thiessen-cuban-dissidents-blast-obamas-betrayal/2014/12/29/cc68ffcc-8f5b-11e4-ba53-a477d66580ed_story.html

Crony capitalism: President Eisenhower famously worried about the dangers of the military industrial complex as he sought to conduct a cold war with the USSR: https://wcoats.wordpress.com/2011/01/17/eisenhowers-farewell-address-50-years-later/. It is difficult for the government to objectively serve the public interest while dealing with or regulating industry. https://wcoats.wordpress.com/2014/12/18/free-markets-uber-alles/ The relationship that develops in such a situation often serves the interests of the regulated industry more than the general public. The result is what we call crony capitalism and it is the enemy of true capitalism as much as its variants– socialism and fascism. One of the particularly alarming examples of truly disgusting and damaging crony capitalist deals is described in the following article. It involves JPMorgan Chase CEO Jamie Dimon and Eric Holder’s Justice Department agreeing on what seems like a large fine, but is more accurately described as a bribe, to suppress evidence of criminal behavior on the part of Chase. http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106.

Twenty fifteen will be a better year than was 2014 if public outrage at the use of torture, the abuse of the privacy of American’s, the bailing out of and favoritism toward Wall Street and the costly and counter productive deployment of American military around the world, result in rolling back these dangerous excesses. My fear is that nothing will be done and that there will be more the same. I hope that I am wrong.

Trayvon Martin and George Zimmerman Tragedy Update

Over a year ago I expressed confidence that our judicial process and public good will would clarify the facts of the tragic shooting death of Trayvon Martin by George Zimmerman:  https://wcoats.wordpress.com/2012/04/01/the-trayvan-martin-tragedy/. Indeed, after carefully listening to and weighing the evidence presented to it the six women jury rendered its unanimous verdict a week ago that Zimmerman had lawfully, but no less tragically, shot and killed Martin in self-defense and was therefore not guilty of the charges against him. At the time a year ago, the failure of local Florida law enforcement officials to arrest Zimmerman, a neighborhood watch volunteer, seemed to me and many others a potentially racially tinged judgment. I supported the call for his arrest. Once all of the obtainable facts had been presented and evaluated by the Jury that earlier decision turned out to be a sound professional judgment by the police. But I still think it was desirable to go through the process of this trial.

I did not follow the trial closely but have no reason to question the judgment of the jury. The utterly disgraceful misreporting and doctoring of the conversation between Zimmerman and the 911 dispatcher aired by NBC made it seem that Zimmerman might be racist in his reaction to Martin (a claim no one made during the trial because there is apparently no basis for it) tarnishing the professionalism of at least NBC. https://wcoats.wordpress.com/2012/04/03/the-trayvon-martin-tragedy-continues/.  Sadly the press has continued to reproduce the young, handsome picture of Martin and the thuggish picture of Zimmerman long after more neutral pictures became available.

The slanted reporting of the press is nothing, however, compared to the highly inappropriate statements from our increasingly discredited Attorney General, who suggested that the federal government was investigation the possibility of trying Zimmerman for civil rights violations for which no evidence was introduced in the just finished trail. But my heart stopped when President Obama chimed in that “Trayvon Martin could have been me 35 years ago.” How could the President of the United States join the cheap political babbling of Attorney General Holder? And thus I started this blog.

This is an example of how fragments out of context can be totally misleading. The President’s full statement yesterday, when he joined the White House press briefing unannounced, was quite the opposite of my impression from the news headline. President Obama has disappointed me on many things (promoting bigger government generally, higher taxes, expanding snooping on Americans, drone assassinations of Americans without trial, and poor leadership in general), but I have always found him an honest and thoughtful commenter on race issues. His statements yesterday were no exception. Zimmerman’s trial produced no evidence of racism in anything that happened that tragic night in Florida, but the President rightly noted that each of us carries impressions (“priors”), often from personal experience, that frame our views of the world and events and that it is better that we acknowledge them and open ourselves to an examination of the role they play in our everyday judgments. This was exactly the point I was trying to make a year ago, though Obama said it better. The President is right on this issue and an excessive political correctness has stifled this discussion for too long.