What to Do About Wall Street

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What to Do About Wall Street - By RALPH NADER

Soon after the passage in 1999 of the Clinton-Rubin-Summers-P. Graham deregulation of the financial industry, I boarded a US Air flight to Boston and discovered none other than then-Secretary of the Treasury Lawrence Summers a few seats away. He was speaking loudly and constantly on his cell phone. When the plane took off he invited me to sit by him and talk.

After reviewing the contents of this Citibank-friendly new law called the Financial Modernization Act, I asked him: "Do you think the big banks have too much power"?

He paused for a few seconds and replied: "Not Yet." Intrigued by his two word answer, I noted the rejection of modest pro-consumer provisions, adding that now that the banks had had their round, wasn't it time for the consumers to have their own round soon?

He allowed that such an expectation was not unreasonable and that he was willing to meet with some seasoned consumer advocates and go over such an agenda. We sent him an agenda, and met with Mr. Summers and his staff. Unfortunately, neither his boss, Bill Clinton, nor the Congress were in any mood to revisit this heavily lobbied federal deregulation law and reconsider the blocked consumer rights.

The rest is unfolding, tragic history. The law abolished the Glass-Steagall Act which separated commercial banking from investment banking. This opened the floodgates for unwise mergers, acquisitions and other unregulated risky financial instruments. Laced with limitless greed, casino capitalism ran wild, tanking economies here and abroad.

One champion of this market fundamentalism was Alan Greenspan, then chairman of the Federal Reserve. Last October before a House Committee, Greenspan admitted he was mistaken and expressed astonishment at how corporations could not even safeguard their own self-interest from going over steep speculative cliffs.

Greenspan and Summers were deemed "brilliant" by the press and most of Congress. Summers' predecessor at Treasury, Robert Rubin, was also a charter member of the Oracles--those larger-than-life men who just knew that the unfettered market and giant financial conglomerates would be the one-stop shopping mart consumers were assumed to be craving.

Now the world knows that these men belong to the "oops oligarchy" that bails itself out while it lets the companies collapse into the handcuffed arms of Uncle Sam and bridled taxpayers who have to pay for unconditional megabailouts. Instead of the Wall Street crooks being convicted and imprisoned, they have fled the jurisdiction with their self-determined compensation. Corporate crime pays, while pensions and mutual fund savings evaporate.

Now comes the next stage of the Washington rescue effort in a variety of stimulus packages which every vendor group imaginable wants a piece of these days. When trillions are offered, many come running.

As the public focus is on how much, when and where all this money should be spent, there are very serious consequences to be foreseen and forestalled. First, consider how much more concentrated corporate power is occurring. Forced or willing mergers, acquisitions and panic takeovers of big banks by bigger banks along with bankruptcies of companies further reduce what is left of quality competition for consumer benefit.

Remember the anti-trust laws. Obama needs to be their champion. The fallout from the Wall Street binge is likely to lead to a country run by an even smaller handful of monopolistic global goliaths.

In the stampede for stimulus legislation, there is a foreboding feeling on Capitol Hill that there is no proposal on the table to pay for it other than by the children and grandchildren. Just the opposite is raining down on them. Everybody including the private equity gamblers, Las Vegas casinos and Hollywood studios along with the banks and auto companies are looking for tax breaks.

So with the economy deteriorating and taxes being cut, where is the enormous money coming from? From borrowing and from printing money. So look out for big time inflation and decline in the dollar?s value vis-à-vis other currencies.

In all the hundreds of pages of stimulus bills, there is nothing that would facilitate the banding together of consumers and investors into strong advocacy groups. We have long proposed Financial Consumer Associations, privately and voluntarily funded through inserts in the monthly statements of financial firms.

If this bailout-stimulus-Wall Street funny money waste, fraud and abuse sounds confusing, that is because it is. A brand new paperback "Why Wall Street Can't Be Fixed and How to Replace It: Agenda For a New Economy" by long-time corporate critic, David C. Korten will explain some of the wheeling and dealing.

You don't have to agree with all or many of Korten?s nostrums. Just read Part II: the Case For Eliminating Wall Street. He considers three central questions:

First, do Wall Street Institutions do anything so vital for the national interest that they justify trillions of dollars to save them from the consequences of their own excess?

Second, is it possible that the whole Wall Street edifice is built on an illusion of phantom wealth that carries deadly economic, social, and environmental consequences for the larger society?

Third, are there other ways to provide needed financial services with greater results and at lesser cost?

Ralph Nader is an American attorney, author, lecturer, political activist, and perennial candidate for presidency as an independent candidate.

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8 apr | America is devolving into a third-world nation. And if we do not immediately halt our elite's rapacious looting of the public treasury we
will be left with trillions in debts, which can never be repaid, and idespread human misery which we will be helpless to ameliorate. Our anemic democracy will be replaced with a robust national police state. The elite will withdraw into heavily guarded gated communities where they will have access to security, goods and services that cannot be afforded by the rest of us. Tens of millions of people, brutally controlled, will live in perpetual poverty. This is the inevitable result of unchecked corporate capitalism. The stimulus and bailout plans are not about saving us. They are about saving them. We can resist, which means street protests, disruptions of the system and demonstrations, or become serfs.

We have been in a steady economic decline for decades. The Canadian Political philosopher John Ralston Saul detailed this decline in his 1992
book "Voltaire's Bastards: The Dictatorship of Reason in the West." David Cay Johnston exposed the mirage and rot of American capitalism in "Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill)," and David C. Korten, in "When Corporations Rule the World" and "Agenda for a New Economy," laid out corporate malfeasance and abuse. But our universities and mass media, entranced by power and naively believing that global capitalism was an unstoppable force of nature, rarely asked the right questions or gave a prominent voice to those who did. Our elites hid their incompetence and loss of control behind an arrogant facade of specialized jargon and obscure economic theories.

The lies employed to camouflage the economic decline are legion. President Ronald Reagan included 1.5 million U.S. Army, Navy, Air Force and Marine service personnel with the civilian work force to magically reduce the nation's unemployment rate by 2 percent. President Bill Clinton decided that those who had given up looking for work, or those who wanted full-time jobs but could only find part-time employment, were no longer to be counted as unemployed. This trick disappeared some 5 million unemployed from the official unemployment rolls. If you work more than 21 hours a week-most low-wage workers at places like Wal-Mart average 28 hours a week-you are counted as employed, although your real wages put you below the poverty line. Our actual unemployment rate, when you include those who have stopped looking for work and those who can only find part-time jobs, is not 8.5 percent but 15 percent. A sixth of the country is now effectively unemployed. And we are shedding jobs at a faster rate than in the months after the 1929 crash.

Via Information Clearing House
. . read more

Once Again, The Race Card - From Christopher Hitchens

1 feb | How can one equal Bill Clinton for thuggery and opportunism when it comes to the so-called “race card”? And where does one even start with the breathtaking nastiness of his own conduct, and that of his supporters, in the last week... Many liberals do not like it now that they see similar two-faced Clinton tactics being employed against Obama, who is “one of their own.” And many of the most prominent and eloquent U.S. black columnists — Bob Herbert, Colbert King, Eugene Robinson — are also acting shocked. It’s a bit late.

Bob Herbert shocked even me by quoting Andrew Young, who said that his pal Clinton was “every bit as black as Barack” because he’d screwed more black chicks. How is Hillary Clinton, or Chelsea Clinton, supposed to feel on hearing that little endorsement? One gets the impression, though, at least from the wife, that anything is OK as long as it works, or even has a chance of working.

Say what you will about Sen. Obama (and I say that he’s got much more charisma than guts), he is miles above this sort of squalor and has decent manners. Say what you will about the Clintons, you cannot acquit them of having played the race card several times in both directions and of having done so in the most vulgar and unscrupulous fashion. Anyone who thinks that this equals “change” is a fool, and an easily fooled fool at that. . . read more

Gang Rape of the American Dream from Matt Taibbi

23 mar | The worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'état. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.

The crisis was the coup de grâce: Given virtually free rein over the
economy, these same insiders first wrecked the financial world, then
cunningly granted themselves nearly unlimited emergency powers to clean up their own mess. And so the gambling-addict leaders of companies like AIG end up not penniless and in jail, but with an Alien-style death grip on the Treasury and the Federal Reserve "our partners in the government," as Liddy put it with a shockingly casual matter-of-factness after the most recent bailout.

The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers.

AIG is what happens when short, bald managers of otherwise boring financial bureaucracies start seeing Brad Pitt in the mirror. This is a company that built a giant fortune across more than a century by betting on safety-conscious policyholders people who wear seat belts and build houses on high ground and then blew it all in a year or two by turning their entire balance sheet over to a guy who acted like making huge bets with other people's money would make his dick bigger.

[via Rolling Stone] . . read more

The Future Fund - From 'The Outsider'

15 jun | The $50bn in the Australian Government's Future Fund has a new manager - David Neal - who is in charge of accumulating sufficient financial assets to offset the Australian Government's unfunded superannuation liability by 2020. So when we are talking about the future, beware; it is not everyone's future that is under consideration.

Just think of some of the things we could do with a real Future Fund with $50bn in assets! We could provide all public school children with laptops. We could create private sector seed capital for start ups in alternative energy. We could elevate recycling to a stage in ecological product development eliminating waste. We could solve the indigenous mortality rate problem.

And we could do all of the above without eroding the capital base. This would be a Future Fund to fight for. . . read more

How Capitalism Will Save Us - by Steve Forbes

31 oct |

We are experiencing the devastating consequences of a chain of major economic policy errors, which, to use a current cliché, created the perfect storm. These government blunders temporarily paralyzed the global credit system and are now sending the U.S. and Europe into recession, while sharply cutting back Asia's growth rates.

Left to its own devices, the credit crisis, which began in August 2007, would have crushed economies as severely as did the Great Depression.

Belatedly, but thankfully, governments recognized that the only way to get credit flowing again was for them to make quick and direct massive infusions of new equity into beleaguered banks, as well as commit to other emergency measures hitherto unimaginable.

If sensible rescue efforts continue--and they will--the immediate crisis will quickly pass. Shell-shocked businesses and consumers won't recover rapidly from the trauma of recent months, especially as we now cope with recession. But the downturn shouldn't be prolonged: The economy here and those overseas should start to pick up no later than next spring.

That soon? Despite the crisis, the global economy still retains enormous strengths. Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced so far economically in so short a period of time as they have during the last 25 years. Until the credit crisis, 70 million people a year were joining the middle class. The U.S. kicked off this long boom with the economic reforms of Ronald Reagan, particularly his enormous income tax cuts. We burst from the economic stagnation of the 1970s into a dynamic, innovative, high-tech-oriented economy. Even in recent years the much-maligned U.S. did well. Between year-end 2002 and year-end 2007 U.S. growth exceeded the entire size of China's economy. Obviously China's growth rates were higher, but China was coming off a much smaller base.

The world is flush with cash. It's frozen because of fear, but the cash is there. Productivity gains are burgeoning.

So, will this global boom resume next year, slowly at first and then with increasing momentum? It should. Whether that happens, however, depends on the next, highly dangerous phase: the political aftermath.

Will we and other countries pursue policies that hinder growth and retard or abort a full-blown recovery, e.g., regulations that stifle innovation and taxes that harm the creation and deployment of capital? Washington politicians are asking: If the federal government can bail out banks, why not other battered businesses? Congress recently voted for $25 billion in loan guarantees aimed at helping Detroit automakers. (This money is to be used not only to aid Detroit but also to prevent another flare-up of the credit crisis. If the Big Three defaulted on their debts, holders of credit default swaps--which in recent years have grown like toxic weeds--would demand payment from those who wrote the insurance on the automakers' bonds. This would create another wave of losses for financial institutions.)

Some liberal political activists are advocating using Washington's new powers to pursue other agendas, such as forcing tighter emissions curbs or mandating costly health insurance coverage. New attempts to restrict corporate pay, at least in some sectors, is a given--overlooking the unintended side effects of Bill Clinton's attempt to limit CEO pay packages back in 1993. (The deductibility of CEOs' salaries was capped, which led companies to use stock options as never before.) Protectionists are renewing calls for trade restrictions in the name of consumer safety and promoting "better" labor and environmental standards. Politically resurgent labor unions and other activists will push for rules on who sits on corporate boards to "better represent consumers and investors." They want an implicit veto power over the policies of publicly held companies. They're also ready to remove barriers, such as the secret ballot, in order to coerce workers into joining unions.

The financial sector will certainly face new rules and regulations. Will these be sensible, such as rationalizing our myriad, overlapping financial regulatory structures and pushing for the creation of exchanges and clearinghouses for exotic instruments, such as credit default swaps, so we have transparency and standardization? Or will they be punitive and costly like the Sarbanes-Oxley Act? Washington's new powers over banks may make our capital markets more hostile to entrepreneurs--savings bonds won't give you high returns, but they will protect you from political fallout. Or, as happened with Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ), will they make banks do things for political not economic reasons?

. . read more

Sarah Palin Interviewed By Sean Hannity

23 sep | The Daily Show's Jon Stewart on Sean Hannity's Palin interview. Family. Economy. Politics. Hannity dished out no holds barred pandering. Also, Sarah Palin thinks the way Tina Fey was pretty with glasses was hilarious. . . read more

Earmarks Of The Beast

4 mar | Earmarks Of The Beast . . read more

Mother Of All Messes - From Paul Craig Roberts

26 jul | Republicans are sending around the internet a photo of a cute little boy whose T-shirt reads: “The mess in my pants is nothing compared to the mess Democrats will make of this country if they win Nov. 2nd.” One can only wonder at the insouciance of this message. Are Republicans unaware of the amazing mess the Bush regime has made? It is impossible to imagine a bigger mess. Republicans have us at war in two countries as a result of Republican lies and deceptions, and we might be in two more wars - Iran and Pakistan - by November. We have alienated the entire Muslim world and most of the rest...

Republican deregulation brought about fraud in mortgage lending and dangerous financial instruments which have collapsed the housing market, leaving a million or more homeowners facing foreclosure. The financial system is in disarray and might collapse from insolvency. The trade and budget deficits have exploded. The U.S. trade deficit is larger than the combined trade deficits of every deficit country in the world. The U.S. can no longer finance its wars or its own government and relies on foreign loans to function day to day...

Republicans have run roughshod over the U.S. Constitution, Congress, the courts and civil liberties. Republicans have made it perfectly clear that they believe that our civil liberties make us unsafe - precisely the opposite view of our Founding Fathers. Yet, Republicans regard themselves as the Patriotic Party. The Republicans have violated the Nuremberg prohibitions against war crimes, and they have violated the Geneva Conventions against torture and abuse of prisoners. Republican disregard for human rights ranks with that of history’s great tyrants. The Republicans have put in place the foundation for a police state.

I am confident that the Democrats, too, will make a mess. But can they beat this record? We must get the Republicans totally out of power, or we will have no country left for the Democrats to mess up. [More] . . read more

Globalization is Not an Option - From Grant Lawrence

4 mar | "Globalization has brought great advances, lifting millions out of poverty as they reap the benefits of economic growth and trade. But it has also brought new insecurities, as this - the first truly global financial crisis - underlines. Globalization is not an option, it is a fact, so the question is whether we manage it well or badly."
British Prime Minister Gordon Brown on his call for a"Global New Deal."

So Prime Minister Gordon Brown is calling for a global new deal because Americans and the rest of the world have no choice when it comes to globalization. Globalism, corporate and financial control of the world, is a fact. Nothing you and I and the rest of the world can do about it, according to Brown.

Maybe the world can never turn back from corporate globalization because it has been such a success.

The trickle down Reagan/Thatcher economics of globalization made the super richer even super richer. Sure it meant a drop in real family incomes here in the United States and a credit economy because consumers weren't making enough to actually buy things without borrowing. Sure globalization meant the collapse of the American housing market because people could no longer cope with the ever increasing debt and the ever decreasing income. Sure this global financial corporate control has meant exploitation of the poor (child and sweat shop labor for little pay) by the money changers and the transnational corporations. Sure globalization has meant the displacement of millions of people off their lands in developing countries. Sure there have been tens of thousands of suicides in India because the small farmers can't keep up with the loans to purchase the costly genetically modified Monsanto seeds. Sure globalization has also meant fantastic environmental degradation in developing countries.

But, as Prime Minister Brown informs us, globalization is not an option. I guess we can't turn our backs on the success of a global economic collapse caused by globalization. Humanity doesn't have an option on whether they want their governments, science, and technology to work for them or to work for the global elite that presently run globalization. The fix is in and the best we can do now, according to Brown, is tweak it a little and accept it.

In Brown's Global New Deal he says that all countries must renounce protectionism. All countries have no right to determine what is best for their citizens and what is best for their economy. They have no right to regulate their economy and to implement tariffs. Instead, international corporations and the money men are the ones to dictate what is best for the people of each country. They do this by the power of their money to buy off governments and control markets. So, as we have seen, globalization really means not what is best for the people of the world but what is best for the few financial elite. But there is nothing you and I can do about it.

But you might be thinking that governments should be responsible to the people and that they should serve the people. You might think it should be the people, through their governments, to decide on what they want for their economies and for themselves. You might think that in democratic countries, the people are supposed to have the power by electing their leaders.

Well, as Mr. Brown has informed us, you are wrong.

We have no options when it comes to globalization (corporate and financial control of markets, governments, and people) or at least that is what the British Prime Minister tells us.

Perhaps Mr. Brown is right and the best we can do is accept this Global New Deal. But if that is true then I wish we would do away with these phony national elections every couple of years here in the United States. I find them irritating, stupid, and a waste of energy and time.

Grant Lawrence works as a school counselor and mental health counselor in Gallup New Mexico. . . read more

Should The Government Stop Dumping Money Into A Giant Hole?

17 nov | With the economy sliding deeper into a recession, panelists discuss whether it's time to stop throwing our money into a massive pit out in the desert. . . read more

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Sydney's New Clothes- by Sean Maguire

After spending a few hours sipping Coronas and lime I noticed a change that's come over Sydney- the change has been that instead of the boring black and whites that have adorned the arty youth for the last few years, Sydney's hip youngsters are now battling it out for the loudest shirts, preferably from Hawaii.

Is this shift to the colourful perhaps an acceptance of our Asia-Pacific identity?

If so it's good, hopefully we'll stop looking to the dreary tonal landscapes of London and New York and start to realise that all the colour and inspiration we need exists in our backyards.

President goes up in gas?- by Sean Maguire

So the very unknown Belgian PM Herman van Rompuy, has been elected as EU President- taking up a position that could be instrumental in the future of the region and global international relations in general.

Only a day later, on the opposite and non-EU side of Europe, Russian and Ukrainian officials met, with Putin announcing that he would be easing gas supply terms to a neighbour that is crucial for Russia's European pipelines.

Is it too cynical to think this isn't it a coincidence?

Is it unreasonable to think that as Putin spins a tighter trade web with Former Soviet Republics that this could be his attempt to stand tall and unthreatened by a stronger EU?

Turning Chinese-by Sean Maguire

So Obama is on a whirlwind tour through Asia, espousing the message of 'Pacific' solidarity. On his trip he's been preaching that "the rise of a strong, prosperous China can be a source of strength for the community of nations" and that the US "does not seek to contain" China's rise as a big player on the world stage.

Yet what other choice does the US and Obama have?

The political realities of today tell us that the world and its international institutions will soon be distorted as another lumbering giant enters the fray. It's also a reality that for any successful tomorrow China will have to feature prominently; something that due to inherent cultural and governmental differences will cause friction with the established Western/Free Market model so deeply ingrained in today's thinking.

So how seriously can we believe Obama? Well really we'll just have to wait and see, but if history tells us anything, the rise of China will be anything but 'pacific'.

Bytes of Bites- From The Outsider

Lance Kavanaugh, Senior Product Counsel for YouTube, explained at a meeting in Sydney, that every minute of every day, YouTube uploads 20 hours of videos. So for you to review just one day’s content will take you three years!

Uploads are limited to 10 minutes. YouTube is, thus, doing for video media what tabloids did for news media. Little bits of stuff. Lots of them. Not too taxing on the brain cells and who cares about what’s missing!

It strikes me that Tweets present a similar dynamic. Max 140 characters – including spaces. Frame on.

It’s small wonder cigarettes, McDonalds and iTunes are so popular.

The Weekday Walk of Shame- by Dr Rubber Glove

Another day, another shambling trip home hung-over. The day, like every other post-drunk night was a blur; like cotton-wool had covered my brain, sounds were softer and every movement was an exercise in pain and regret.

And it was all the worse that it was a Thursday afternoon.

School kids were on excursions, young mums pushed prams, and bright happy people looked bright happy and healthy. I though walked through them like I was walking through mud and to cap it off I looked like something that had crawled out from under a slimy rock.

If it was a Saturday or Sunday then this feeling would be oddly exhilarating. I would know that everybody tut-tutting me was really just jealous and that they were looking back wistfully to a time where a couple of days a week could be written off to doing nothing.

A Thursday though is different, nobody looked at me with envy, nobody really even looked at me at all. I was a solid shadow that people tried to look through and it made me feel all the worse for it.

Energy agency warns of 'irreparable' damage- by Jim Giles

Take all the power stations in the United States. Together, they produce almost 1000 gigawatts of electricity - enough to boil several billion kettles simultaneously.

Now imagine building another five power stations for every one that already exists in the United States. That is about the amount of electricity generation that the world is on track to add over the next 20 years.

And three-quarters of the new stations will use fossil fuels. These startling figures were released today by the International Energy Agency. The agency predicts that between a quarter and a third of the new capacity will be built in China, which generates over 40 per cent of its electricity from coal. This will lead to huge increases in carbon dioxide emissions.

The agency has previously said that the current recession has helped rein in emissions, but that effect will not last. The report predicts that 40 billion tonnes of CO2 will be emitted worldwide in 2030, around twice the figure for 1990.

That would put us on a path towards a future in which atmospheric carbon dioxide levels top 1000 parts per million and average global temperature rise by up to 6 °C. Many scientists think that that our goal should be a maximum rise of 2 °C and that 4 °C would cause severe flooding and drought.

The agency describes our current trajectory as almost certain to cause "irreparable" damage to the planet. We are not, of course, locked into this future. The agency's calculation come from a modelling exercise in which we continue on the path we are on now, rather than switch to low-carbon technologies like solar power.

Many governments have already committed to changes, albeit limited ones, so the most dire aspects of the agency's predictions will not come to pass. But they are a useful reminder of just how wrong things will go if we do not take action.

Originally published at New Scientist, click view for more information

Viral app has jail broken iPhones Rick Rolled- by Kara Jensen-Mackinnon

The viral 'Rickrolling' campaign, that inadvertently tricked people into playing Rick Astley's 1987 hit "Never Going to Give you Up" has recently hit Australian iPhones, leaving users in a panic as so far, there is no antidote. Researchers are saying this attack is the world's first iPhone worm, which targets jail broken iPhones (which for the layman are phones that have been unlocked from the service provider).

For the layman as well, when a user jailbreaks an iPhone they are able to access the thousands of applications that didn't conform to the apple guidelines (i.e porn), however it makes the iPhone vulnerable as the terms of the warranty are automatically void.

The worm, aware of this fact, operates by showing a picture of Rick Astley, with the wall paper displaying the message "ikee is never going to give you up". Users who tried to delete the image, found they were unsuccessful when they rebooted their phone.

The hacker 'ikee' who has claimed responsibility for the worm, said that he wanted to bring awareness to the danger of failing to change the iPhones root password, which is a step that is so often forgotten by users.

So far the worm is only in Australia, however now that the idea has surfaced I feel there will be a lot of copycat hackers. So, if you do jailbreak your iPhone make sure to change the root password to avoid these nasty complications.

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7 jul

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Re: Commoditisation of aboriginal art

dear jack do you know anything about the history of Aboriginal 'art'??? Your speculation seems based on complete ignorance of the fact that Aboriginal art was invented for white buyers - the Aborigines themselves having survived 40,000 years without needing to give their lore and laws, myths and legends and rules for survival in a hostile climate any permanent form. It was only our attempts to assimilate them into our 'society' that drove the link to canvas - though the money we paid for their art was a nice bonus, and shouldn't be ignored as a continuing motive for painting. cheers - jeremy

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Re: Farmers and ETS

Thank you for your commentary about farmers in a world of changing climate. Here in the Pacific NW we are not as aware of it as some other places. Our Transition Town group hosted author William Catton last night, who wrote a prophetic book called "Overshoot" back in 1980. During the discussion, a local fish biologist pointed out that of all industries, farmers are the only ones constantly limited by nature. The rest of the world ( with a few exceptions like fishermen or foresters) really do not seem to make their living in a world of limited by forces beyond their control--- or so they imagine. There is a fundamental sanity in these other ways of life that our culture is unwilling to hear. It runs away from the voice of limitation. I think farmers have a lot to teach the world. We always thought there was something wholesome about farming and I think this is exactly it; a lack of hubris. How many slaps in the face will it take before people come to their senses? - Anna Willis

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Re: Turning Chinese

Obama is just a puppet of the Corporate elites.He has not recinded the Patriot Act,Bushes' presidential orders nor habius corpus.Presently ,we have corporate facism. - Ross

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Re: Why Won't God Heal Amputees?

it seems that your whole point and discussion is aimed at christianity. what you state is pretty thought provoking and maybe true but one thing that i have to say is that maybe the whole religion thing has just been corrupted by people and that maybe god does exist.... nomatter all the scientific bull that you and other people can come up with, there are still things that you and scientist just cant explain. ie youe exsistance and the fact that you as a human have suchbrain capacity to do what you do today, and why there is such an order in nature "ofcoures humans always fuck up the order" everything on earth is one complex puzzle that works and you and everyone found it working. not only earth but even beyond to space and shit. now you can say that all this came from a bang and what ever but even if you believe that, what created the platform for that bang and why this place and stuff. just too many things dont add up to just say there is no god. and i think most of these motherfuckers miss the point of this religious shit anyway. because god is not a religion but a spiritual bond. dont be fooled by sensationalism and think that god does not exist cos he does. at least for me. the only problem with this now is that humans have sensationalised everything to make thier shit the best and in part have missed the whole point of god. every human bieng needs something to hold on to. even you and weather it is the image of god that people have painted or not is irrelevent. there is something that you believe in.. you might not go to church and get on your knees but its just part of human nature to associate yourself with something. it could be a superstition or eating chocolate coated roaches whatever you like fact is some things are just bigger than our rational. hope to get a responce from you - esco

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Re: Safran sure to offend, but who cares?

It is an interesting question to pursue "And, is there a ratio that exists where the amount of people offended compared to those that weren't makes something objectively racist?" I suppose the most right answer to whether something is racist or not can only come about democratically. By asking people if they find it racist. Even then (in this currently impossible world where people who want to vote on everything) who gets to vote? Hopefully I do. How do I cast my vote? At the moment I abstain. - Joshua Genner

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Re: The Pointless Question of "What is Art?"

You're article serves as a blatant example of people's lack of knowledge/interest in the contemporary art scene. Some of the most profound and revealing conversations stem from dicussions of art, politics and religion so why label them taboo subject matter? why not let the idiots add in their artistic two cents, because who knows what could happen? a change of opinion... an education... a flash of interest? Perhaps you and your friends to venture down to the COFA 09 annual exhibit and see some 200 fresh sydney artists emerge onto the art scene, unless it's too boring/inane. - Kara

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Re: The Pointless Question of "What is Art?"

I dare say the question is not pointless but rather is made pointless by overcomplications of academia and peripherals of market and status, in which Sean appears to have gotten bogged down notwithstanding the word limit. One of the things we do know about art for a fact is that we humans appear to have always had it around from the caves (who can forget the fetching bison from Alta Mira!) So the issue is cutting through the baggage of history as old as humanity to get back to the fundamentals. It took me about 35 years of research but does not take 100 words. It is this: "Art is something that is designed to communicate thoughts and feelings and to influence our thoughts and feeling through one or more of our senses."(25 words) Since we have space, a rider: "The particular art form is qualified by the particular senses involved in production and reception of that communication. If Sound then Music, If body then Dance. If we use eyes to perceive colour and shape we call it Visual art." How you work the item in question is the matter of objectivity after all some of us eat fruit raw and others make jam. If you choose to make art an investment go for it, if you choose to make it a status symbol you won't be the first. However, in my book, art is really the best at being art and in the immortal words of one Oscar Wilde, for any other purpose "All art is quite useless" - Valerie (Co-incidental author of "Why Art? The Pocket Art Expert)

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Re: John Safran ready for when skit hits the fan

The only aspect of "multiculturalism" we (or any western society)have accepted, revolves around food: sweet and sour chicken or donner kebab..nothing else is relevent, interesting or in anyway beneficial to us. The Cronulla riots were seen as well overdue by most people abroad, we should be proud of standing up to and rejecting ethnic gangs from our pure shores - "Peter Piper"

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Re: Brassed off about creationism- by Andy Coghlan

This is why we need change in Texas and why I'm running for State Board of Education. - Rebecca Bell-Metereau (www.voterebecca.com)

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Re: The Rape Tunnel

It astonishes and intrigues me this 'shock art' Being a over zealous muscled ex con looking for love, where could one find Richard Whitehursts hole?

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Re: ETS Voted Down: Rudd Proves Himself An Evil Genius

Nice to see such an insightful article, despite the snide comments.. Did you read the Quarterly Essay by Guy Pearse in writing the first 5 paragraphs- not that that's a bad thing really. Nice of you to widen your vision beyond the road ahead and take in some history- but I would add one thing- that as it stands (in the senate, especially with Steve Fielding) we won't have a real, meaningful ETS passed. The bummer is that even with a double dissolution election and the resultant simultaneous sitting of both houses of parliament (which as you point out, the greens/minor parties and labor would benefit from) would still not change the ETS from it's current configuration- not unless the Greens tripled their vote. Silly that it all came down to labor preferences to a little known party led by a little know bloke named Steve Fielding and Family First- not that that should be the reason we're in this predicament... - Shaun Lambert

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Re: Evil Capitalists

In response to the "100 Words" on Psychotic Capitalism: The statement, "only psychotics fail to distinguish right from wrong," has a semantic problem. What makes a person psychotic is the inability to recognize that, theoretically, actions or behavior can be right and wrong. A psychologically normal person can do this by age 5. But well- intentioned people constantly disagree about which actions are right and wrong in particular situations. This evening my husband and I re- watched "Zeitgeist--- Addendum" on youtube. We had to restrain ourselves from a festival of paranoia, anger and frustration at what appears to be an evil plot to enslave us all, to bleed us like pods in The Matrix. I cannot argue against the idea that Capitalism--- looked at as a planetary movement--- seems heartlessly destructive, yet there is no single person or even group of Illuminati to blame --- we are willing participants in this plot to rule the world, exploit the human race, rape Mother Earth. All of us are not psychotic, rather we are doing what seems right, and we are following norms set by our culture and community. I personally do my best to support those lawmakers who help us define right at wrong at the transpersonal level--- where this kind of crime being committed, with vast and ultimately very personal consequences. Indeed people can be stupider and meaner in groups than singly --- but whatever the right word is for that, it is not psychotic. Our real problem is that we seem incapable of seeing consequences beyond the local and immediate, we are selfish and shortsighted. But the writer is right: stupid, mean, selfish, shortsighted --- these terms trivialize the unfathomable crimes of Capitalists and their sheep-like dupes. - Anna Willis

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Re: Ethics Implicit?

There is one place where ethics is not "implicit everywhere" and that is television and the media generally - the only ethic is win the audience. This is the toxic environment "informing" students. - Terry McGee

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Re: Australia's Swine Flu vaccination plan

The word "pandemic" has absolutely nothing to do with a deadly disease taking over the planet. The definition of "Pandemic" is simply about the SPREAD of a disease. Any disease. It could be a relatively harmless disease like the Swine Flu, to maybe a more harmful type (like normal seasonal influenza). Nothing to do with how bad or how good it is to your health ... just how WIDESPREAD it is. That is the interpretation of "Pandemic". A word that is nothing to be scared about, but just a measure of the SPREAD of any disease (harmful or relatively harmless) around the globe. The original "Spanish Flu" in 1819 killed 50 to 100 million people worldwide. Swine Flu deaths to date? 2,800 or so. Compare this to up to 500,000 deaths worldwide from our ongoing "Seasonal Flu". People need to see things in perspective. Swine Flu is a mild flu. No need for risky & possibly dangerous vaccinations. No need to be scared. In fact NO NEED TO DO ANYTHING. Just stay cool and take whatever vitamins & health supplements that are appropriate. Good luck & stay informed. - Tim

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Re: Kabul-shit

A nice puncture of the ADF's mad illusions. Shooting civvies in another land used to be called murder, now we pretend its nation building. It must have struck a chord. General Jim Molan, the butcher of Fallujah, who used white phosphorous & put snipers on hospital rooftops, raves in today's SMH about staying true to the mission. What is it with these guys? Untold deaths in Iraq, bombs still exploding, millions of refugees ... and this guy thinks he's a genius. - Tina G

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Re: Why we shouldn't care about he loneliness of the University Liberal

While you have managed to approach, with a complete lack of understanding and sensitivity, the complaints of the many people who feel alienated by the overtly leftist university agenda, I also think that you have failed to address the concerns of an increasingly disenfranchised leftist populace. The article was concerning the Left Handed bigots, not the personal politics of either of the 4 people mentioned. Their concern was not with, as you pointlessly attacked, their political beliefs, but rather with their freedom to express their beliefs and how they were treated on campus because of them. I write this as a disenfranchised leftist. Apparently, freedom of speech on campus somehow took a backseat to the far left's bigotry, however well intentioned they thought it was originally. I'm not right; I'm not left. But fuck anybody that tries to censure me and revoke my right to freedom of speech, merely for believing in a political party. Anyone that thinks that's OK, well simply look up the definition of fascist. - I Swing My Vote

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