Predator Drone Seen Hovering over Standard & Poor’s Headquarters (via Borowitz Report)

This is the lead in Andy Borowitz’s new essay. I tend to like a lot of his material and I’m happy here to call attention to particularly timely and funny column on his part.

WASHINGTON (The Borowitz Report) – Just days after downgrading the credit rating of the United States, Standard & Poor’s was on high alert this morning after an unmanned Predator drone was seen hovering over its headquarters in lower Manhattan.

While the mission of the Predator was unclear, some insiders speculated that S & P might be in for a downgrade of its own.

Please go to his web site and read the whole essay. It’s worth the trip.

James Pilant

Introduction (via inDiginous)

This is a call for “digital natives” to stand up and start changing the world.

Yes, my thoughts as well.

James Pilant

I'm a college student, and as I've learned from taking one too many classes on digital media, I'm apparently also part of this new breed called "Digital Natives." Rather than a silver spoons, we were raised with a silver mouse in our hands and access to millions of ideas and people online. Generally, before we even knew what that entailed. The Internet doesn't make our lives easier – it is an integral part of our daily activity. And while we take … Read More

via inDiginous

It is Time to Move the Blog.

I think I have grown as much as I can in terms of audience in the straitjacket of a free web hosting service. It has not been an unpleasant experience. I have learned a lot. But I can’t help but feel that if my blogging software offered more choices like pulling up relevant pictures, graphics, news articles and links automatically, my work would be more effective.

I have purchased a book on setting up my own web site and it will arrive on the 12th of August. Until it arrives I have studied the material available on the internet about setting up blogs. I have budgeted the money for a domain name and monthly services for a year from a paid hosting service. I plan to have everything for the move in place on September the 1st.

My big worries are that I won’t be able to arrange for hits to the site to roll over to the new one and that I could lose those people who have been kind enough to subscribe. Hopefully I can work those problems out.

I am open to any ideas. If you have any experience in these matters and would like to add your advice, please comment.

James Pilant

Post-meltdown America: An economic recovery for the wealthy (via Minding the Workplace)

David Yamada, whose blog I am a great admirer of, tell the story correctly. The great mass of Americans suffer while a small minority reap unprecedented profits.

James Pilant

As our economy teeters on the brink of another recession (even as the "old" one never seems to have disappeared), here are three indicators that the wealthiest among us have been the primary beneficiaries of any recovery from the big meltdown: 1. Executive raises make a comeback Matt Krantz and Barbara Hansen of USA Today report that executive raises in 2010 made a comeback after a leaner 2009 (link here): The heads of the nation’s top companies … Read More

via Minding the Workplace

Japan to fire top nuclear officials in wake of disaster (via 1 Real News)

This disaster happened in March. Virtually everything you can think of went wrong and now, they fire people. I’m not impressed. Once it became obvious that the people in charge were grossly incompetent, it might have been better to fire them immediately than waiting for months for what is apparently a better political climate.

James Pilant

Japan to fire top nuclear officials in wake of disaster ReutersAugust 4, 2011Japan will replace three senior bureaucrats in charge of nuclear power policy, the minister overseeing energy policy said on Thursday, five months after the world’s worst atomic crisis in 25 years erupted at Fukushima.The move comes as Prime Minister Naoto Kan calls for enhanced nuclear safety accountability and an overhaul of Japan’s energy policy, with the aim of gradually weaning it off its dependence on nuclear power as p … Read More

via 1 Real News

Fiduciary Duty and Investment Brokers (via Pilant’s Business Ethics Blog)

A re-post of one of my essays from last year.

James Pilant

Fiduciary Duty and Investment Brokers “When I was growing up in the shadow of the Edgar Thomson Works of U.S. Steel a half century ago, it was easy to tell the bookies from the bankers — and it wasn’t just by the clothes they were wearing. If you wanted to place a bet, you went to a bookie; if you wanted to invest, you went to a banker or stock broker.” This is the lead paragraph from Tom Michlovic’s opinion piece in the Pittsburgh Post-Gazette. It’s a dead on call. The Wall Street … Read More

via Pilant’s Business Ethics Blog

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Constitutional Convention?

We here in America should start practicing democracy instead of pretending. The government no longer works for human beings only for lobbyists and their employers.

When the American Government under the Articles of Confederation began to break down, the great men of the nation acted to save the country from dissolving into a dozen or so petty states.

We’re in the same situation now. We just don’t have any great men. Our current crop of politicians are contemptible. Would let a anyone involved in that disgrace of a “budget ceiling” negotiation work for you?

What should a constitutional convention do? Get rid of the Senate. The idea that the two Senators from North Dakota should have the same weight in national deliberations as the two Senators from California is bizarre and ridiculous. What’s more it allows a small minority to have veto power over the rest of the nation. That’s why we have farm supports that make no sense here financially while causing havoc overseas. You can’t make intelligent policy when a minority can derail intelligent action. Let’s have a single house legislature with the seats distributed by population. That’s democracy. Pretending that the states are actually independent countries is an idea the Civil War should have finished off for good.

The second thing we should do is get rid of the electoral college. Elect the President directly by the voters. Electing Presidents by states electoral votes is a formula for disaster. You get Presidents without actual majorities.

The third thing is to put the right to vote into the Bill of Rights. Every kind of shenanigans is now being employed and has been used throughout American history to keep people from voting. Let’s make sure everyone is on the same set of rules. It’s wrong to stop people from voting. Period.

The Constitution created a government divided in purpose to make oppression less likely. It wasn’t a bad idea but now it is no longer viable. The government and the those influencing it are more the enemies of the people than ever before, and because the government only sort of responds to the voters, that response is muted and ineffective. We need a government strong enough to resist large pressure from large economic organizations but weak enough to leave people individual rights.

To keep our rights, it is time to change the form of our government. Now.

James Pilant

https://southwerk.wordpress.com/2011/08/05/constitutional-convention/

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James Pilant

The Bastille; the desacralization of corporate power (via Carol Hardick)

This post compares the storming of the Bastille and the eventual end of corporate hegemony. It’s an interesting comparison, and very imaginative. Please give it a read.

James Pilant

Best paragraph –

Corporations and their top tiers, including the stock market which serves them, have grown so huge and so powerful they don’t see the loss of one job as a tragedy, they don’t see the loss of millions of jobs as a tragedy, all they see is statistics. The planet is going to exist in perpetuated chaos until the corporations recognize that there are people behind the numbers. One day as the world is crashing around those on whose backs the corporations created their wealth, executives will look to the horizon and see that their Bastille is going to be stormed. They will be dethroned. -Not because capitalism doesn’t work, it does- but because the people are starving, and they’re starving at the expense of corporate greed. Does this sound similar to the era leading up to the French Revolution? Just like the kings and queens who faced the axe because of their greed and overreach, corporations and the politicians who supported them, will be in the same position and need to seek a peace treaty while they have the chance.

The Bastille was stormed because women had no bread to feed their families. The royalty was desacralized, dethroned and sentenced to death.  Five decades later Karl Marx wrote his manifesto on the plight of the working class. Ironically Marx did not work, but lived off the money of wealthy patrons.  Even when his child was dying as a result, he did not go out and search for work, but searched instead for more entitlements.  How did his manifesto … Read More

via Carol Hardick

The Biggest Middle Class Tax Increase In History Will Come In Five Months (via 1 Nation Blog)

Best comment from the post –

Is our government functioning properly?

Absolutely not! We may have just made the same (similar) mistakes that were made in 1937. I think all of Washington has folded on their responsibilities.

The attached essay explains better than I could the nature of the tax increase about to hit almost all of us in a few months.

James Pilant

The Biggest Middle Class Tax Increase In History Will Come In Five Months | Aug. 2, 2011, 12:33 PM | Image: ChuckHolton via Flikr Bruce Krasting URL Bruce Krasting is a former hedge fund manager There is one aspect of the final debt deal from DC that took me by surprise. I was convinced the 2% reduction in payroll taxes would be extended through 2012. On July 12th I wrote about this and  got it completely wrong. Not only did I think there would be a one year extension of the existing holiday; I forecast that the subsid … Read More

via 1 Nation Blog