Subscribe to RSS Subscribe to Comments

Fold/Spindle/Mutilate 2.1


An Online Dowser and Filter Of Important Information


Insurers Set To Raise Prices, Walk Away From Consumers: Goldman Report

Sam Stein
stein@huffingtonpost.com | HuffPost Reporting

The market concentration for health insurance is so monopolized in some areas that insurance companies are willing to raise prices and lose customers in an effort to improve their bottom line, a leading insurance broker told Wall Street analysts on Wednesday.

In a conference call organized by Goldman Sachs Global Investment Research, Steve Lewis, a highly regarded broker at the world’s third largest insurance broker, Willis, painted a picture of the health insurance market in which employers seem likely to be priced out of coverage.

Noting that “price competition” between insurers was “down from a year ago,” Lewis relayed that “incumbent carriers seem more willing than ever to walk away from existing business.”

The phenomenon of insurers pricing their policies beyond where consumers can afford it seems to be already taking place. Last month Anthem Blue Cross told customers it would hike their health insurance premiums by as much as 39 percent (with the expectation that some would drop coverage altogether). In December, the Huffington Post reported that Aetna was planning on losing more than 600,000 customers by raising prices on their consumers in 2010.

Insurers are able to do this in part because the markets in which they operate have no adequate competition, suggests Lewis. The broker noted that “the smaller client segment” was “increasingly frustrated” with the renewal of their coverage and was “evaluating potential self-funding with stop loss protection” instead. Lewis added that employers in many markets knew “that they’re not going to be able to trade down pricing very significantly” (i.e. find cheaper coverage) and, as such, would likely only change plans or become self-insured if there was a “fairly significant” disruption in service.

“As I mentioned at the outset, it was without a doubt the most challenging renewal cycle in my 20 years of this business with employers really struggling with how and what was going to drive their decision, combined with the lack of aggressive and competitive pricing in the marketplace,” Lewis said.

(Read the article)

Time Warner Cable: We Raise Broadband Rates Because We Can

And they can because competition in their markets often stinks…

by Karl Bode

Speaking at an investor conference in San Francisco this week, Time Warner Cable chief operating officer Landel Hobbs told attendees that the carrier raises broadband prices not because they have to — but because they can. “Consumers like it so much that we have the ability to increase pricing around high-speed data,” noted Hobbs. You might recall Mr. Hobbs from the Time Warner Cable metered billing fiasco, when he tried to convince consumers that they wanted low caps and high per gigabyte overages. Not only did Hobbs think low caps and $2 per GB overages were “only fair,” he tried to argue that they’d “actually encourage more use of broadband overall.” Consumers didn’t agree.

“Consumers like it so much that we have the ability to increase pricing around high-speed data,”
-Time Warner Cable COO Landel Hobbs

So what allows Mr. Hobbs to ignore reality, his customers, and raise prices without worrying about consumers running to other carriers or an overall negative consumer brand reputation? Competition, or more accurately, a lack thereof.

Limited competition means Time Warner Cable also hasn’t had to rush toward DOCSIS 3.0 upgrades. Comcast, the nation’s largest carrier, is quickly approaching 90% DOCSIS 3.0 coverage across its larger footprint. Even smaller, less profitable carriers like Suddenlink and Mediacom have been working at a faster pace than Time Warner Cable. According to recent cable industry data, DOCSIS 3.0 upgrades now read 43% of the nation’s 120 million homes served by cable. Time Warner Cable? 2,000 users in select portions of one market.

Verizon FiOS is available in roughly only 10% of Time Warner Cable’s overall markets, and Time Warner Cable doesn’t have to try very hard to lure subscribers that have grown tired of sluggish DSL and high landline prices. Time Warner Cable’s also helped by the fact that Verizon’s all but giving up on rural DSL service, either selling or simply ignoring many of these Time Warner Cable markets. In many instances the companies that are buying them take on so much Verizon debt, they can’t afford to upgrade.

(Read the article)

Only four percent don’t want any health care reform

healthcaremoney Poll: Only four percent dont want any health care reform

AP-GfK Poll: Public wants elusive accord on health

Americans want bipartisan accord on health care, but neither party yields

CHARLES BABINGTON
AP News

Americans and their lawmakers are dramatically out of sync on health care, with large majorities of people looking for bipartisan cooperation that’s nowhere in sight.

A new Associated Press-GfK Poll finds a widespread hunger for improvements to the health care system, which suggests President Barack Obama and his Democratic allies have a political opening to push their plan. Half of all Americans say health care should be changed a lot or “a great deal,” and only 4 percent say it shouldn’t be changed at all.

But they don’t like the way the debate is playing out in Washington, where GOP lawmakers unanimously oppose the Obama-backed legislation and Democrats are struggling to pass it by themselves with narrow House and Senate majorities.

More than four in five Americans say it’s important that any health care plan have support from both parties. And 68 percent say the president and congressional Democrats should keep trying to cut a deal with Republicans rather than pass a bill with no GOP support.

Leaders of both parties in Congress say that’s not how it’s going to work out. After a year of off-and-on negotiations, Republicans adamantly oppose Obama’s plans. The White House and Democratic leaders say it’s now-or-never for a health care overhaul, which would cover an additional 30 million Americans, require almost everyone to buy health insurance and impose new restrictions on insurance companies.

(Read the article)

NYC judge: Govt must stop blocking money to ACORN

By Associated Press

A New York City federal judge who found it unconstitutional that the government tried to cut funding to the activist group ACORN has ordered the government to make it clear the funding isn’t blocked.

Brooklyn Judge Nina Gershon on Wednesday rejected a government request to reconsider last year’s ruling declaring the cutoff of funding unconstitutional. She also ordered the government to notify all federal agencies that provisions passed by Congress to block funding have been declared unconstitutional.

The judge says ACORN was punished by Congress without the enactment of administrative processes to decide if money had been handled inappropriately.

ACORN is the Association of Community Organizations for Reform Now. It’s an advocate for low-income and minority home buyers and residents.

The government says it will review the judge’s ruling.

‘One year later, the White House gets it’

By Sahil Kapur

sanders Sanders: One year later, the White House gets itSen. Bernie Sanders (I-VT) on Wednesday assailed the White House for purportedly wasting a year vying for Republican votes on health care reform, alleging that the protracted debate weakened the bill and damaged the party’s standing among progressives.

“We have wasted month after month negotiating with people who do not support serious reform,” he said at a progressive media summit on Capitol Hill. “It’s been a year now and I think the White House finally got that message.”

President Obama advocated for a bipartisan bill last year and worked extensively to court Republican votes, offering major concessions in the process. But only one Republican – Rep. Joseph Cao (LA) – in Congress wound up voting for it, and even he has since backed out.

But Obama has struck a more aggressive tone in recent weeks, demanding an up-or-down vote on the health care bill and championing the use of reconciliation to amend it. Better late than never, said Sanders, who also claimed Democrats made a strategic blunder by ignoring the single-payer option.

“I think [Sen. Max] Baucus [(D-MT)] made a mistake and would admit it when he said single payer was not on the table,” the senator said.

A self-described Democratic socialist, Sanders is an ardent proponent of a Medicare for all insurance system. He ripped Democrats in his speech for refusing to seriously consider the idea — if even to use it as a bargaining chip for a stronger bill — noting that it has support among millions of progressives.The Vermont senator blamed the White House in part for the Democratic timidity, alleging Obama should have focused on the substance of the bill “from day one,” rather than dwelling on the elusive goal of bipartisanship.

He said the senate has 50 votes to pass strong health care legislation and urged Democrats to move forward aggressively with the proposal, describing it as flawed but nonetheless an important step forward.

Military commissions: A bad idea

They are a legal experiment that the Supreme Court has rejected. Federal courts can handle complex terrorism trials

By Lt. Col. Darrel Vandeveld and Joshua Dratel

There are times in life when you don’t want to hear, “Well, this will be a learning experience for us all.” Open-heart surgery. In-flight emergencies. Repairing your Toyota. So what about the most important terrorism trial in United States history? Incredibly, there is a noisy political debate about whether to entrust the still-pending 9/11 trial to a military commissions system that, among its many flaws, is untested, likely unconstitutional, and has yet to demonstrate a single, credible result. Sen. Lindsey Graham now proposes legislation to bar a federal court prosecution of alleged 9/11 mastermind Khalid Sheikh Mohammed. That is a profoundly ill-conceived idea.

Whether we are at “war with terror” or at work destroying a ring of criminal terrorists, it makes sense, as a matter of national security, to use the right tool for the right job. Military commissions are not that tool. They are a legal experiment that the Supreme Court has rejected at every turn. Even presiding military Judge Col. Ralph Kohlmann derided the Guantánamo 9/11 proceedings as “a learning experience.”

The commissions are now in their fifth incarnation. Hastily conceived after 9/11, they were repeatedly revised by Presidents Bush and Obama, and by Congress. Under the most recent version (the Military Commissions Act of 2009), the Department of Defense has yet to even devise rules for these proceedings. It remains unclear whether commission defendants could plead guilty to capital charges. In fact, no version of the commissions has ever tried a murder case to verdict, never mind a case approaching the importance and complexity of the 9/11 trial. If insanity is repeating the same act and expecting a different result, the attempt to install another commissions system is a textbook case.

Add to this uncertainty the constitutional cloud lingering over critical legal issues like the use of hearsay and evidence obtained through coercion, the legitimacy of using a war court for offenses that the Department of Justice concedes are not war crimes, and the adequacy of the to-be-determined trial procedures. These issues are unique to the military commissions, and they will provide convicted defendants with multiple grounds for appeals. The resolution of these issues will not be speedy. They will grind their way to the Supreme Court only after years of avoidable litigation.

(Read the article)

Runaway Toyota With ‘Stuck’ Accelerator Hits 94 MPH, Driver Rescued By California Highway Patrol

EL CAJON, Calif. — A California Highway Patrol officer helped slow a runaway Toyota Prius from 94 mph to a safe stop on Monday after the car’s accelerator became stuck on a San Diego County freeway, the CHP said.

Prius driver James Sikes called 911 about 1:30 p.m. after accelerating to pass another vehicle on Interstate 8 near La Posta and finding that he could not control his car, the CHP said.

“I pushed the gas pedal to pass a car and it did something kind of funny… it jumped and it just stuck there,” the 61-year-old driver said at a news conference. “As it was going, I was trying the brakes…it wasn’t stopping, it wasn’t doing anything and it just kept speeding up,” Sikes said, adding he could smell the brakes burning he was pressing the pedal so hard.

A patrol car pulled alongside the Prius and officers told Sikes over a loudspeaker to push the brake pedal to the floor and apply the emergency brake.

(Read the article)

The Up-or-Down Vote on Obama’s Presidency

By FRANK RICH

WEDNESDAY’S health care rally was one of President Obama’s finest hours. It was so fine it couldn’t be blighted even by his preposterous backdrop, a cohort of white-jacketed medical workers large enough to staff a hospital in one of the daytime soaps that refused to be pre-empted by the White House show.

Obama’s urgent script didn’t need such cheesy theatrics. At last he took ownership of what he called “my proposal,” stating concisely three concrete ways the bill would improve America’s broken health care system. At last he pushed for a majority-rule, up-or-down vote in Congress. At last he conceded that bipartisan agreement between two parties with “honest and substantial differences” on fundamental principles wasn’t happening. At last he mobilized his rhetoric against a villain everyone could hiss — insurance companies. In a brief address, he mentioned these malefactors of great greed 13 times.

There was only one problem. This finest hour arrived hastily and tardily. At 1:45 p.m. Eastern time, who was watching? Of those who did watch or caught up later, how many bought the president’s vow to finish the job “in the next few weeks”? We’ve heard this too many times before. Last May Obama said he would have a bill by late July. In July he said he wanted it “done by the fall.” The White House’s new date for final House action — specified as March 18 by Robert Gibbs, the press secretary — is already in jeopardy.

“They are waiting for us to act,” Obama said on Wednesday of the American people. “They are waiting for us to lead.” Actually, they have given up waiting. Some 80 percent of the country believes that “nothing can be accomplished” in Washington, according to an Ipsos/McClatchy poll conducted a week ago. The percentage is just as high among Democrats, many of whom admire the president but have a sinking sense of disillusionment about his ability to exercise power.

Now that we have finally arrived at the do-or-die moment for Obama’s signature issue, we face the alarming prospect that his presidency could be toast if he doesn’t make good on a year’s worth of false starts. And it won’t even be the opposition’s fault. If too many Democrats in the House defect, health care will be dead. The G.O.P. would be able to argue this fall, not without reason, that the party holding the White House and both houses of Congress cannot govern.

(Read the article)

16 Cities Sue Manufacturer Of Atrazine Weed-Killer For Contaminating Drinking Water

Huffington Post Investigative Fund |  Danielle Ivory

A coalition of communities in six Midwestern states filed a federal lawsuit Monday seeking to force the manufacturer of a widely-used herbicide to pay for its removal from drinking water.

Atrazine, a weed-killer sprayed primarily on cornfields, can run off into rivers and streams that supply municipal water systems. As the Huffington Post Investigative Fund reported in a  series of  articles last  fall, the U.S. Environmental Protection Agency failed to notify the public that atrazine had been found at levels above the federal safety limit in drinking water in at least four states.

The lawsuit was filed in U.S. District Court for the Southern District of Illinois by 16 cities in Kansas, Illinois, Indiana, Ohio, Missouri, and Iowa.  The communities allege that Swiss corporation Syngenta AG and its Delaware counterpart Syngenta Crop Protection, Inc. reaped billions of dollars from the sale of atrazine while local taxpayers were left with the financial burden of filtering the chemical from drinking water.

Many water utility managers  told the Investigative Fund that they could not afford the expensive carbon filters that are needed to remove atrazine.

Syngenta spokesman Paul Minehart told the Investigative Fund that the company had not yet received word of a federal action, but said that current levels of atrazine in drinking water are safe.

“What Syngenta can say is that EPA re-registered atrazine in 2006, stating it would cause no harm to the general population,” Minehart said. “In the current economy many organizations, including water systems, are looking for additional sources of revenue.  It is not surprising that some water systems would say they cannot afford additional filtering but, for atrazine, there is no need.”

Atrazine has long been a controversial product. The European Union in 2004 banned its use, saying there was not enough information to prove its safety. The EPA recently  announced that it would be re-evaluating the herbicide’s ability to cause cancer and birth defects, as well as its potential to disrupt the hormone and reproductive systems of humans and amphibians.

(Read the article)

Why Apple can’t control its Chinese factories

While Apple is to be applauded for auditing its suppliers in an attempt to identify poor working conditions, its suppliers are so powerful that Apple can’t effect real change – and nor can any other tech company.

By Malcolm Moore in Shanghai

Apple logo: Why Apple can't control its Chinese factories
Only three companies in the world have the expertise necessary to build Apple products.

Last year, after a 25-year-old Chinese university graduate committed suicide at one of the factories that makes Apple’s iPhone, executives from the Californian company flew in for an urgent review.

Sun Danyong threw himself from the 12th floor window of his apartment block after an iPhone prototype went missing on his watch.

Before he jumped, he sent a message to a friend claiming that security staff at Foxconn, the notoriously secretive Taiwanese company that makes all of Apple’s mobile phones and the upcoming iPad, had beaten him severely.

The allegations deeply shocked Apple’s management, and there were calls for Foxconn to be fired. The Taiwanese firm, which operates a series of mega-factories on the Chinese mainland, has been described as “inhumane and militant” by China Labour Watch, a US-based NGO.

However, at the end of the day, Apple was powerless to change the situation. According to analysts, Foxconn and its two rivals, Quanta and Pegatron, are the only three companies in the world that are capable of quickly mass-manufacturing Apple products of the right quality.

Industry insiders said it is this triumvirate, and not Apple, that really holds the power in the relationship. “In the near term, there is absolutely nothing that Apple can do to shift away from these companies,” said Edward Yen, a technology analyst at UBS.

(Read the article)

Open war over Rahm Emanuel, Barack Obama’s master of the dark arts

Rahm Emanuel with Barack Obama
Rahm Emanuel with Barack Obama.

Rahm Emanuel, the president’s tough backroom operator, has found himself at the centre of a career-threatening row

Paul Harris in New York
The Observer

Rahm Emanuel, President Obama’s outspoken chief of staff, has become embroiled in a public row with his critics amid accusations that he has damaged the standing of the presidency and undermined his boss.

Emanuel has become the subject of an intense war of words between those who blame him for the failings of Obama’s tough first year in office and those who insist that Obama should have listened to him more. If the controversy deepens any further, some feel that he may be forced to resign.

The development has been remarkable for a man in Emanuel’s job, which calls for him to adopt a behind-the-scenes role similar to that of a Mafia boss’s consigliere, whispering advice in the ear of the president and then strong-arming political targets into obeying his master’s will.

But critics say the row shows just how much of a strain Obama’s first year of office has taken on his top White House team after a series of political setbacks, especially over healthcare. Officials in Obama’s administration, who once appeared so united, now seem to be in siege mode and starting to fight among themselves.

“It was inevitable that this would happen on one level. You have a president with an ambitious agenda and they have not been getting as much done as they had hoped,” said John Geer, editor of the Journal of Politics and a political scientist at Vanderbilt University.

The worsening atmosphere could become particularly difficult for Emanuel if November’s mid-term elections turn into a Democratic rout. “Rahm Emanuel is burning the candle at both ends. I would not be surprised if he steps down after the mid-terms,” Geer said.

(Read the article)

Famed NYT reporter tells Michael Moore capitalism driving humanity’s downfall

By Raw Story

wallstreet Exclusive: Famed NYT reporter tells Michael Moore capitalism driving humanitys downfallIn his film Capitalism: A Love Story, Michael Moore squares off with the free-market system for its role in leveraging the United States’s wealth into the hands of a few.

But in one clip cut from the documentary — which Moore provided exclusively to RAW STORY — he interviews Pulitzer Prize-winning New York Times reporter Chris Hedges, who explains how capitalism is actually contributing to the very downfall of the human race and the “degradation of the planet.”

“All sorts of people who have spent their lives studying climate change, from Bill McKibben on down, have warned us that we don’t have a lot of time left,” Hedges said. “So it’s not just that capitalism has destroyed our economic system and hijacked our political system, but it literally is extinguishing the system that sustains life. If that’s not thwarted soon…then we will begin to see massive dislocations, environmental refugees, further depleting of natural resources. Overpopulation is also an issue. The UN estimates that by 2050 the size of the planet will double.”

The very concept of capitalism, Moore declares in the film, is the problem because it inevitably leads to a system where the richest few control the means of production as well as the levers of power — leading to a “plutonomy,” a term used in a leaked Citigroup memo from 2005, in which the finance juggernaut concluded that the United States is no longer a democracy.

(Read the article)

Why probe Charlie Rangel — but not Mitch McConnell?

Rangel faces charges over fundraising for a center named after him. Didn’t the Senate GOP leader do the same thing?

By Joe Conason

The House Ethics Committee is far from concluding its investigation of Rep. Charles Rangel, despite his resignation from the Ways and Means chairmanship, as the Republicans will no doubt remind everyone repeatedly in the months ahead.

Near the top of the ethics docket, they are sure to mention, are allegations concerning the Harlem congressman’s fundraising for the  Charles B. Rangel Center for Public Service at City College of New York, a $30 million project at his alma mater. Rangel has acknowledged using his congressional stationery to solicit funds for the center, a violation of House rules. But he has denied more serious charges — based on an investigative report in the New York Times — that he may have exchanged legislative favors for corporate donations to the center.

When ranting on about Rangel, however, what the Republicans surely won’t mention is that he’s not alone in questionable fundraising for a vanity academic institution that bears his name. Leaders on both sides of Capitol Hill have done likewise for years — notably including the odious Trent Lott — but the most troubling example is none other than Senate Minority Leader Mitch McConnell, who now holds Lott’s former post. If the term “Senate Ethics Committee” weren’t an oxymoron, he would be enduring an intense investigation, too.

McConnell is a graduate of the University of Louisville, a place of higher learning that he is seeking to transform into a display case for his limitless narcissism (as well as that of his wife, former Bush Labor Secretary Elaine Chao). Lots of nice things at the  university are named after him, but above all there is the McConnell Center for Political Leadership, a special program much like the Rangel Center at CCNY. In such places, young and idealistic scholars are introduced to the tradition of public service represented by these great men, etc.

(Read the article)

Senator Bunning’s Universe

BunningBy PAUL KRUGMAN

So the Bunning blockade is over. For days, Senator Jim Bunning of Kentucky exploited Senate rules to block a one-month extension of unemployment benefits. In the end, he gave in, although not soon enough to prevent an interruption of payments to around 100,000 workers.

But while the blockade is over, its lessons remain. Some of those lessons involve the spectacular dysfunctionality of the Senate. What I want to focus on right now, however, is the incredible gap that has opened up between the parties. Today, Democrats and Republicans live in different universes, both intellectually and morally.

Take the question of helping the unemployed in the middle of a deep slump. What Democrats believe is what textbook economics says: that when the economy is deeply depressed, extending unemployment benefits not only helps those in need, it also reduces unemployment. That’s because the economy’s problem right now is lack of sufficient demand, and cash-strapped unemployed workers are likely to spend their benefits. In fact, the Congressional Budget Office says that aid to the unemployed is one of the most effective forms of economic stimulus, as measured by jobs created per dollar of outlay.

But that’s not how Republicans see it. Here’s what Senator Jon Kyl of Arizona, the second-ranking Republican in the Senate, had to say when defending Mr. Bunning’s position (although not joining his blockade): unemployment relief “doesn’t create new jobs. In fact, if anything, continuing to pay people unemployment compensation is a disincentive for them to seek new work.”

In Mr. Kyl’s view, then, what we really need to worry about right now — with more than five unemployed workers for every job opening, and long-term unemployment at its highest level since the Great Depression — is whether we’re reducing the incentive of the unemployed to find jobs. To me, that’s a bizarre point of view — but then, I don’t live in Mr. Kyl’s universe.

And the difference between the two universes isn’t just intellectual, it’s also moral.

Bill Clinton famously told a suffering constituent, “I feel your pain.” But the thing is, he did and does — while many other politicians clearly don’t. Or perhaps it would be fairer to say that the parties feel the pain of different people.

During the debate over unemployment benefits, Senator Jeff Merkley, a Democrat of Oregon, made a plea for action on behalf of those in need. In response, Mr. Bunning blurted out an expletive. That was undignified — but not that different, in substance, from the position of leading Republicans.

(Read the article)

Wanted

Wanted

Bart Stupak Abortion Claims Debunked: Health Bill Would NOT Force Federal Spending On Abortion

ABC News found that one of Rep. Bart Stupak’s (D-Mich.) biggest contentions in his fight against health care reform legislation — that federal money will go to “directly subsidize abortions” — is not true in all cases.

House Speaker Nancy Pelosi (D-Calif.) has repeatedly asserted that there is “no federally funded abortion” in the bill.

According to ABC’s Jonathan Karl: “Pelosi is right in that the bill makes it clear, there can be no federal money for abortion, except in cases of rape, incest, or to protect the life of the mother.”

Stupak argued that “when you read the legislation, $1 per month for all enrollees must go into a fund for reproductive care which includes abortion coverage.”

Karl’s research of the wording of the bill finds this statement to be false. “That’s actually wrong,” Karl reports. “In fact, you only pay the $1 abortion fee if you choose a plan that covers abortion. To anti-abortion advocates like Stupak, the only acceptable solution is a complete ban on abortion coverage by any insurance policy that accepts any federal money at all.”

Watch the report:

Stop Secret Derivatives Trading Before It Kills Again

Editorial

A.I.G., Greece, and Who’s Next?

As Greece has tottered on the brink of fiscal chaos, threatening to drag much of Europe down with it, Wall Street’s role in the fiasco has drawn well-deserved scorn.

First came the news that Greece had entered into derivatives transactions with Goldman Sachs and other banks to hide its public debt. Then came reports that some of those same banks and various hedge funds were using credit default swaps — the type of derivative that kneecapped the American International Group — to bet on the likelihood of a Greek default and using derivatives to wager on a drop in the euro.

European leaders have called for an inquiry into the Greek crisis. Ben Bernanke, the Federal Reserve chairman, has told Congress that the Fed is “looking into” Wall Street’s deals with Greece, and the Justice Department is investigating the euro bets. That is better than turning a blind eye, but it is not nearly enough.

The bigger problem is in America, where markets are supposed to be fair and transparent. These particular — and particularly complicated — instruments are traded privately among banks, their clients and other investors with virtually no regulation or oversight.

The Obama administration and Congress have been talking for a year about fixing the derivatives market. Big banks have been lobbying to block change. And the longer it takes, the weaker the proposed new rules become.

Here are some of the problems that must be fixed:

NO TRANSPARENCY Derivatives are supposed to reduce and spread risk. In a credit default swap, for instance, a bond investor pays a fee to a counterparty, usually a bank, that agrees to pay the investor if the bond defaults. But because the markets in which they trade are largely unregulated, derivatives can too easily become tools for dangerous risk-taking, vast speculation and dodgy accounting.

(Read the article)

Did secretive religious group subsidize Congressman’s rent?

By David Edwards and Muriel Kane

thefamilyjeffsharlet Did secretive religious group subsidize Congressmans rent?Rep. Bart Stupak (D-MI) has been making headlines recently by threatening to torpedo health care reform unless the bill excludes coverage for abortion.

MSNBC’s Rachel Maddow believes that Stupak is just looking for publicity with “this antiabortion stunt” and that “it is not rational to think that the Democratic-led House and the Democratic-led Senate are going to let him use health reform as a way to effectively ban abortion.”

She points out, however, that Stupak’s new notoriety means that he may “end up having to answer for some of the unexplained things that no one cared to have [him] explain before.”

“For example,” Maddow noted on Thursday, “Bart Stupak famously was one of the conservative politicians who lived at C Street — a $1.8 million town house on Capitol Hill that featured in the Mark Sanford sex scandal and the John Ensign sex scandal and the Chip Pickering sex scandal. The house is home to a number of members of Congress. It has been reported to be run by the secretive religious group known as the Family.”

The series of scandals involving the Family and its high-level network of political connections has been growing since last summer, when it was learned that the three conservative lawmakers involved in allegations of infidelity all had ties to the C Street house. The Family has since been linked to a proposed law in Uganda which would mandate the death penalty for cases of “aggravated homosexuality.”

Last month the watchdog group Citizens for Responsibility and Ethics in Washington suggested that President Obama and members of Congress avoid the group’s National Prayer Breakfast because it “actually serves as a meeting and recruiting event for the shadowy Fellowship Foundation,” another name for the Family.

Stupak has insisted, “There is no such thing as ‘the Family.’ … I rent a room, that’s really about it. … There is no theocracy that I’m a part of.” He has also declined to comment on author Jeff Sharlet’s claim that he is “very involved” in the religious aspect of the Family and has mentored other members.

“But here’s the rub,” Maddow explained. “Everyone who has been living at C Street, including Bart Stupak, has been getting a sweetheart deal. … These are rooms in this really swanky town house that come with meals, they come with maid service … How much do you think that’s worth on Capitol Hill in Washington, D.C., just blocks away from the Capitol building? How about $600 a month?”

(Read the article)

Toyota ‘Black Boxes’: Automaker Secretive, Inconsistent About Device Recordings

ToyotaCURT ANDERSON and DANNY ROBBINS |    AP

SOUTHLAKE, Texas — Toyota has for years blocked access to data stored in devices similar to airline “black boxes” that could explain crashes blamed on sudden unintended acceleration, according to an Associated Press review of lawsuits nationwide and interviews with auto crash experts.

The AP investigation found that Toyota has been inconsistent – and sometimes even contradictory – in revealing exactly what the devices record and don’t record, including critical data about whether the brake or accelerator pedals were depressed at the time of a crash.

By contrast, most other automakers routinely allow much more open access to information from their event data recorders, commonly known as EDRs.

AP also found that Toyota:

_ Has frequently refused to provide key information sought by crash victims and survivors.

_ Uses proprietary software in its EDRs. Until this week, there was only a single laptop in the U.S. containing the software needed to read the data following a crash.

_ In some lawsuits, when pressed to provide recorder information Toyota either settled or provided printouts with the key columns blank.

Toyota’s “black box” information is emerging as a critical legal issue amid the recall of 8 million vehicles by the world’s largest automaker. The National Highway Traffic Safety Administration said this week that 52 people have died in crashes linked to accelerator problems, triggering an avalanche of lawsuits.

When Toyota was asked by the AP to explain what exactly its recorders do collect, a company statement said Thursday that the devices record data from five seconds before until two seconds after an air bag is deployed in a crash.

The statement said information is captured about vehicle speed, the accelerator’s angle, gear shift position, whether the seat belt was used and the angle of the driver’s seat.There was no initial mention of brakes – a key point in the sudden acceleration problem. When AP went back to Toyota to ask specifically about brake information, Toyota responded that its EDRs do, in fact, record “data on the brake’s position and the antilock brake system.”

But that does not square with information obtained by attorneys in a deadly crash last year in Southlake, Texas, and in a 2004 accident in Indiana that killed an elderly woman.

(Read the article)

Grayson Leading In REPUBLICAN Primary

GraysonRyan Grim
ryan@huffingtonpost.com | HuffPost Reporting

Republicans like a politician who stands up for what he believes — even if he believes the Republican Party is populated by a bunch of “knuckle-dragging Neanderthals.”

The candidate leading the Florida GOP primary to determine who will take on Rep. Alan Grayson, the Democrat who represents the Orlando-based district, is none other than Grayson himself, according to a poll paid for by his campaign. Grayson is a freshman congressman who has drawn scorn from the GOP and has quickly built a nationwide following of progressives.

The poll has Grayson leading the 13 Republicans — among Republicans — with 27.8 percent of the vote. The congressman who mocked the GOP health care plan by saying that it amounts to telling people not to get sick and if they do, to die quickly, received more support than all of the Republican candidates combined.

No GOP candidate scored above 3.7 percent; 57.7 percent said they were undecided. Grayson did particularly well with women, undercutting the notion that referring to a Washington lobbyist as a “K Street whore” would turn female voters away. (Grayson later apologized for the word choice.)

The poll was conducted on Feb. 26th. There were 324 respondents, all registered Republicans in Florida’s eighth district. The poll was conducted by Middleton Market Research.

Naturally, the national GOP establishment dismissed the results — “This is the most bogus thing I’ve ever seen in my life,” said Andy Seré, Regional Press Secretary for the National Republican Congressional Committee.

Grayson told HuffPost that some of the support comes from Republicans who appreciate that he speaks his mind, while some is due to his far-superior name recognition. But the poll also found at least one area where Republican voters thought favorably of him.

In 2009, Grayson, who carries a copy of the Constitution with him, passed a resolution calling on schools to teach the document for one week in September each year.

(Read the article)

Next Page »