Arizona: California

November 18, 2009 - 08:39 am
NEWS FEED: Blog for Arizona

ADL Special Reports: Rage Grows in America: Anti‑Government Conspiracies

Posted by AzBlueMeanie:

The Anti-Defamation League has released the following ADL Special Reports: Rage Grows in America: Anti-Government Conspiracies

Introduction: A Year of Growing Animosity

Since the election of Barack Obama as president, a current of anti-government hostility has swept across the United States, creating a climate of fervor and activism with manifestations ranging from incivility in public forums to acts of intimidation and violence.

What characterizes this anti-government hostility is a shared belief that Obama and his administration actually pose a threat to the future of the United States. Some accuse Obama of plotting to bring socialism to the United States, while others claim he will bring about Nazism or fascism.

November 17, 2009 - 05:56 pm
NEWS FEED: Blog for Arizona

"Individual's right to work" vs. Students' welfare? AZ Charter Board goes with the individual, not the students.

by David Safier

I thought I would never have to blog about this one charter school principal again. But a news story from KPHO Phoenix let me know the principal, who should never have been allowed to be around students after what she did in 2005, is back in the news doing more damage at another school. Worse, the same thing could happen all over again with the same principal because of what I have to call outrageous negligence on the part of the Arizona Charter School Board.

Here's a summary of the the original story, which I posted about at length in December, 2008.

November 11, 2009 - 06:44 pm
NEWS FEED: Blog for Arizona

The AMA takes some "liberal," er, centrist positions

Posted by AzBlueMeanie:

First, the American Medical Association (AMA), long the obstacle to health care reform for more than five decades, announced its support for the House Democrats health care reform bill. Now comes these equally eye opening new positions.

On Monday, the American Medical Association (AMA), in partnership with Servicemembers United, the nation's largest organization of gay and lesbian troops and veterans and their allies, passed a resolution calling for full repeal of the "Don't Ask, Don't Tell" law. With overwhelming support from its membership and virtually no opposition, even from the uniformed services representatives in attendance, the call for full repeal became official AMA policy upon passage of the resolution.

November 4, 2009 - 04:07 pm
NEWS FEED: Blog for Arizona

McClatchy News' Investigative Report on Goldman Sachs - Part 4

Posted by AzBlueMeanie:

McClatchy News continues its investigative report on Goldman Sachs with part 4 of the series Why did blue-chip Goldman take a walk on subprime's wild side?:

Goldman Sachs was one of the last Wall Street giants to enter the subprime lending world, but when it did, it quickly climbed into bed with profligate, highflying firms — companies such as New Century Financial Corp.

In at least nine deals from 2002 to 2007, Goldman sold bonds backed by more than $5 billion of New Century's mortgages, one even after the California lender's underwriting criteria all but disintegrated and a cash squeeze paralyzed its operation.

November 3, 2009 - 11:07 am
NEWS FEED: Blog for Arizona

McClatchy News' Investigative Report on Goldman Sachs - Part 3

Posted by AzBlueMeanie:

McClatchy News continues its investigative report on Goldman Sachs with part 3 of the series Goldman left foreign investors holding the subprime bag:

Inside the thick Goldman Sachs investment circular were the details of a secret, $2 billion deal channeled through a Caribbean tax haven.

The Sept. 26, 2006, document offered sophisticated U.S. and European investors an opportunity to buy into a pool of supposedly high-grade bonds backed by residential, commercial and student loans. The transaction was registered through a shell company in the Cayman Islands.

Few of the potential investors knew it, but the ratings of many of the mortgage securities hid their true risks and, in some cases, Goldman's descriptions exaggerated their quality.

November 2, 2009 - 05:26 pm
NEWS FEED: Blog for Arizona

McClatchy News' Investigative Report on Goldman Sachs - Part 2

Posted by AzBlueMeanie:

McClatchy News continues its investigative report on Goldman Sachs with part 2 of the series Goldman takes on new role: taking away people's homes:

Goldman Sachs spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packaging them into high-yield bonds. Now that the bottom has fallen out of that market, Goldman finds itself in a different role: as the big banker that takes homes away from folks such as the Beckers.

The couple alleges that Goldman declined for three years to confirm their suspicions that it had bought their mortgages from a subprime lender, even after they wrote to Goldman's then-Chief Executive Henry Paulson — later U.

November 2, 2009 - 08:53 am
NEWS FEED: Blog for Arizona

Frank Rich on GOP Stalinist Purges

Posted by AzBlueMeanie:

New York Times columnist Frank Rich has more on the GOP civil war in the NY-23 special election for Congress. There will be no "winner" in this race. The big loser, however, is the Republican Party. The G.O.P. Stalinists Invade Upstate New York:

[P]reposterous as it sounds, the real action migrated to New York’s 23rd, a rural Congressional district abutting Canada. That this pastoral setting could become a G.O.P. killing field, attracting an all-star cast of combatants led by Sarah Palin, Glenn Beck, William Kristol and Newt Gingrich, is a premise out of a Depression-era screwball comedy. But such farces have become the norm for the conservative movement — whether the participants are dressing up in full “tea party” drag or not.

October 28, 2009 - 07:00 pm
NEWS FEED: Arizona Republic

Wow ... just wow

From California comes news of a veto letter issued Oct. 12 by Gov. Arnold Schwarzenegger that may have been written with a secret message for its recipient: state Assemblyman Tom Ammiano, D-San Francisco.
First, a bit of background. Ammiano reportedly booed and heckled the Republican Schwarzenegger earlier this month when he gave a brief speech at a Democratic fundraiser in San Francisco. After the governor departed, Ammiano took to the stage.
From the Associated Press: "(Ammiano) gave a rambling diatribe in which he criticized Schwarzenegger for a wide variety of perceived offenses. In part, the freshman lawmaker was upset that Schwarzenegger had vetoed bills in ...

read the rest of this post

October 20, 2009 - 06:45 pm
NEWS FEED: Blog for Arizona

GOP brand fail, civil war dividing party

Posted by AzBlueMeanie:

The Media villagers and Beltway bloviators inform us of their conventional wisdom (CW) that Republicans will enjoy a mid-term election resurgence in 2010. First of all, when was the last time that CW was correct? Anyone? That's what I thought.

Secondly, the Beltway media elites have always shilled for the GOP, win or lose. These over-paid media elites have a vested financial interest in maintaining their Republican allies in Congress who protect the multi-billion dollar media conglomerate monopolies that pay their salaries. Ben Bagdikian - New Media Monopoly

No, the real political story of our time is not a GOP resurgence, but the GOP brand fail and the political civil war within the conservative movement.