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Fatster’s Roundup

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Good evening.

International Developments

? Headquarters of the Muslim Brotherhood party in Ismailiya, Egypt was torched today.  A similar attempt was made in a Cairo district. Update: 5 people killed in the city of Suez; clashes with police “across the country”.

? “Mali crisis:  “[Malian and French] Troops ‘take northern town of Hombori”.  The Malian government has said the “war will be over in days”, as government troops move toward Gao.

? The UN will enter the fray over those islands China and Japan are all up in arms about.  But later this year.

International Finance

? UK Chancellor Osborne is under attack from several sides over “Austerity” following gloomy fiscal reports–the Labour Party, organized labor, and Goldman Sachs (!).  (Keep scrolling to hit all the stories.)

Money Matters USA

? Robert Reich on “Americans aren’t living beyond their means: It’s just a myth propagated by groups like ‘Fix the Debt’ to keep the country’s wealth in the hands of the few”.

? Jeb Bush has become  a voice of moderation, proposing “comprehensive immigration reform” to achieve “a fair and workable system of legal immigration” (because business needs it).  Coincidence?  “President Barack Obama will launch a campaign next week aimed at overhauling the nation’s flawed immigration system”.

? “More than $114 billion was withdrawn from the nation’s biggest banks in the first full week of January, and  industry analysts are struggling to understand why.”  Is TAG the culprit or “wacky” records at the Federal Reserve?  Wait . . . wacky?

Of the 100 top corporate donors to political campaigns in 2012, ten had criminal convictions between 1989-2000, and nine “gave far more to Republican political campaigns than to Democratic ones.”

? 3D printing can have major impact on the economy. For example, stores could print missing or broken parts for home appliances, equipment, etc., thus eliminating large-scale manufacture, shipping, warehousing, and retail display of those same parts.  Additive manufacturing, printing out much more complicated items, would have even greater impact.

Politics USA

Bill Moyers traces the revolving door conveyance and corporate-congressional hijinks that resulted in giant pharmaceutical company Amgen getting a specially made-to-fit $500m loophole in the “fiscal cliff” legislation.  Senators McConnell (R-KY), Hatch (R-UT) and Baucus (D-MT) were involved.  Video.  More here.

?  “Obama likely to name Wal-Mart Foundation head as budget director”.   Sylvia Mathews Burwell, who served in the Clinton administration in the Office of Management and Budget, and has many interesting connections.

? Now he tells us:  “I’m not personally, at this stage, ready to get rid of the 60-vote threshold,” said Senate Majority Leader Harry Reid (D-NV).   How the whole thing fell apart.

Sen. Saxby Chambliss (R-GA) won’t be running for re-election in 2014.

? Both US House member Ed Markey (D-MA) and MA state house member Stephen Lynch (D) will be running for John Kerry’s senate seat.

? A US Court of Appeals has ruled President Obama’s recess appointments of two people to the National Labor Relations Board are unconstitutional since “the Senate was . . . in ‘pro-forma’ session” at the time.

? And they’re off:  “The GOP Plan to Take the Electoral-Vote-Rigging Scheme National”.

? One VA senate Republican, Ralph Smith, is opposed to efforts to “apportion electoral votes in the state by Congressional district”, though he’d agree if all the other states decide to do the same.  BTW, the proposed legislation in VA may be subject to provisions of the US Voting Rights Act, which could make it illegal anyway.

?  Two Republican members of the MS state house are pushing a Mississippi Balance of Powers Act with the ultimate goal of “neutralizing . . . any and all existing federal statutes, mandates and executive orders” determined by a committee to be outside Article 1 of the US Constitution. [cont’d.]

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Dan Wright

Dan Wright

Daniel Wright is a longtime blogger and currently writes for Shadowproof. He lives in New Jersey, by choice.