PICC Line (via ladyincrisis)

This is my mother’s blog about her struggle with cancer. She is a three time cancer survivor. I would think her story would have considerable resonance.

Her blog isn’t fancy yet. Give it time. Trust me, I know how to get all the bells and whistles on it. For the moment, just read and absorb the message.

James Pilant

If you are in a place where not very many nurses can find a vein for your IV, it is a good idea to have a picc line inserted in your arm so you don't panic when you see a nurse with a needle in her hand. Some people have a port in their chest. After my surgery for ovarian cancer,6 chemos were ordered.I have always been glad my doctor ordered the picc line. Sure saved me a lot of panic and high blood pressure. The only bad thing is it has to be cl … Read More

via ladyincrisis

President Obama Finds New Chief Of Staff At JP Morgan Chase & Co

From CBS News

U.S. Chamber of Commerce President Thomas Donohue, who has had a contentious relationship with the Obama White House, praised the appointment.

“Bill Daley is a man of stature and extraordinary experience in government, business, trade negotiations, and global affairs,” Donohue said. “He’s an accomplished manager and strong leader. We look forward to working with him to accelerate our recovery, grow the economy, create jobs, and tackle America’s global challenges.”

Some liberal activists and pundits, however, are wary of Daley’s ties to Wall Street, as well as his moderate views. Daley has expressed disapproval for the president’s health care reforms and reportedly for Wall Street reform as well.

This story says everything without any need for my comment.

James Pilant

The Average Stock Is Held For 22 Seconds!

Michael Hudson
From Michael Hudson

<em>Take any stock in the United States. The average time in which you hold a stock is–it’s gone up from 20 seconds to 22 seconds in the last year. Most trades are computerized. Most trades are short-term. The average foreign currency investment lasts–it’s up now to 30 seconds, up from 28 seconds last month.

Social Security 101 (via Crooks and Liars)

Crooks and Liars is one of favorite blogs. This is a critical entry. It talks about the malicious propaganda we are all exposed to about Social Security and its trust fund. I wish everyone concerned with the issue would read this particular post.

James Pilant

From Crooks and Liars

<em>My career, pre-blogging, was as third-party administrator of employer-provided retirement plans. For years I was a certified practitioner, and I watched as private pensions were systematically dismantled, underfunded, and ultiimately converted to 401k plans subject to the whims of the market and unsophisticated investors. While owners might — MIGHT — have retired with adequate funds, workers almost never did. The one single thing that every worker could always count on at retirement was (and is) Social Security.

Yet it seems that conservative lies have taken hold to the extent that the truth is called a lie, while lies are called the truth. Once upon a time, that only happened in fiction. Now it’s real. So let’s talk about Social Security, what it is, and why you shouldn’t believe everything conservatives and their minions in the press tell you.

Gerry Rafferty Dies At 63

Gerry Rafferty was a wonderful singer who brightened my youth and my youth needed it. Here is a largely unappreciated classic, Get It Right Next Time.

James Pilant

Andreas Kluth – Hannibal And Me

This is a video of Andreas Kluth discussing his new book, Hannibal and Me. To be utterly brief, the book is about creativity and the straitjacket of success.

Watch the video, the buy the book.

James Pilant

Freedom to, freedom from (via The Hannibal Blog)

Sometimes, I think when looking at my blog, you can chart my intellectual journey by what I think is important at the time. I suspect that Andreas Kluth does something of the same thing. Here’s his thoughts on negative and positive liberty.

James Pilant

Freedom to, freedom from Two years ago, near the beginning of my amateurish exploration of the concept of freedom here on The Hannibal Blog, I dabbled a bit in the nuance between negative and positive liberty. As it happens, there is a much, much better treatment of that distinction in this lecture by Hunter Rawlings, a classicist at Cornell (as well as that un … Read More

via The Hannibal Blog

“Comcast Owns the Internet” (via Chasing Fat Tails)

At the moment, a great deal of weeping over the defeat of net neutrality is justified. Unfortunately the war for the internet can be lost on more than one front at a time. So, “Chasing Fat Tails” explains.

James Pilant

h/t ars technica Net neutrality has long been the goal of people who care about keeping the Internet free from corporate influence.  The Internet has tremendous potential, but it can only be realized if all users have access to fast speeds that deliver all content at the same rate.  Otherwise Internet Service Providers will be able to privilege some content and users over others, the Internet will balkanize, and the tremendous benefits of a wired … Read More

via Chasing Fat Tails

The Ethics Sage, Steven Mintz – First Post Of The New Year!

Steven Mintz has his first post of 2011 discussing the continuing crisis in the California State Budget. This is a satirical take on the crisis.

The Demise of the Golden State
Happy New Year to all. Here’s my first blog of the New Year. It’s about my home state.

California is in a crisis. No, it’s not because Lindsay Lohan has been in and out of jail more often than a correctional officer. It’s certainly not because Governor Arnold Schwarzenegger will be leaving office soon. Let’s hope he won’t be back! California’s problems can be blamed on its insatiable appetite to spend regardless of available resources, the lack of a political will to say no to those who come with hat in hand to Sacramento and the overwhelming desire by legislators to do what it takes to adopt the positions necessary to insure their re-election. A cynic might say it’s also due to the desire to enrich oneself by using political influence that can be bartered to the highest bidder.

There is a saying that goes: “As California goes, …. (For the rest, click here.)

I really wanted to add some satirical flair of my own to the topic but I don’t know as much about California as I probably should. Further, for a couple of decades I have been thinking that they would fix the problem or a least try. So, I merely thank God, that I am at a relatively safe distance.

James Pilant

On Fighting And Losing Well, Financial Reform Edition (via Rortybomb)

Rortybomb is one of my favorite web sites. Here, is a discussion of the efforts necessary to shape the new regulations on financial transactions in a more effective way. It’s a very sad story to me because the people (the President) we thought would be pushing for effective legislation were only interested in photo op legislation when the country needed better.

From Rortybomb

Last week I wrote about President Obama and losing poorly, about how he loses in a way that doesn’t build toward long-term liberal goals, that leaves his enemies stronger and in control of the narrative while splitting his supporters. I want to talk about this argument and financial reform, specifically how the progressive community was able to overcome it. I would argue that the progressive community fought financial reform well for two key reasons.

A Community of Experts

The first is that Americans for Financial Reform (AFR), Roosevelt Institute, the financial blogosphere and many others found a large number of experts, built them up and deployed them in ways that pushed for stronger concrete changes. On Roosevelt’s end alone, our Make Markets Be Markets conference and Will It Work? How Will We Know? conferences took experts working in a variety of different places and on a number of individual topics and brought them together.

These were experts in their fields who had a different, stronger vision of how the financial sector should be regulated than what was proposed by Treasury. They made strong recommendation, markers for what serious reform would look like. This builds us for the long run, as there are now experts with a strong vision who have been tested in the public sphere, experts that wonks, media, lawmaker and regulators can call on for expertise in the future. That’s building a community.

(It was also fun! Frustrating, hard-work, a complete pain-in-the-ass, disappointing at times, but fun. Matt Stoller pointed that out to me, that this kind of political community building should be fun, along with the smart insight that financial reform battles that are lost need to be lost in a way that builds coalitions. How many liberal groups had a fun 2010?)

For the second reason, you will have to go to the full article.

Rortybomb is eloquently stating what I and many others have come to realize, the President is not on our side. It doesn’t matter what he said. It doesn’t matter what he did. He’s not on our side.

So, we have to fight for issues just as if he were an enemy politician. This involves experts and grass roots campaigning.

If there was anything more plain in 2008 than the need to put a stop to the casino style gambling on Wall Street, I would have been hard pressed to name it. Yet, the President let this thing sit for almost a year and a half till a good part of the outrage died and then the President deliberately tried to weaken the bill and to some extent succeeded. This is pathetic.

Well, it’s not getting any better. The President of the United States has thousands of issues upon which he has not yet caved, not yet surrendered or not yet modified to the interests of monied interests. We get to watch.

James Pilant

P.S. If you would like a simple, easy new year’s resolution that will benefit you for the entire year, click on the link to Rortybomb and then add it to your favorites. You’ll never regret it. jp