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Wednesday, November 25, 2009

Howard Dean Hosts Maddow, Interviews Spitzer: Stop Multimillion $ Payouts for Failed Bankers

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Tuesday, November 24, 2009

Why is Obama Championing Bush's Financial Wrecking Crew?

By William K. Black, Assoc. Professor, Univ. of Missouri, Kansas City; Sr. regulator during S&L debacle
Huffington Post
November 23, 2009 10:43

Tom Frank's book, The Wrecking Crew explains how the Bush administration destroyed effective government and damaged our social fabric and our economy. The Obama administration has chosen to reward two of the worst leaders of Bush's crew -- Geithner and Bernanke -- with promotion and reappointment. Embracing the Wrecking Crew's most destructive members has further damaged the economy and caused increasing political and moral injury to the administration.

Last week was a bad one for Geithner and Bernanke. Senator Dodd said that Bernanke's confirmation was no longer a done deal. The House Financial Services Committee revolted against the administration, the Fed, and Chairman Barney Frank. It voted for a strong bill to audit the Fed. Senate Banking Chairman Schumer went to a conference at Columbia University -- where a generation of students salivated at the prospects of Wall Street wealth -- and was overwhelmed by an audience denouncing the continuing stranglehold of the finance industry over successive administrations and the Congress. Neither Barney's blarney nor Schumer's schmooze was any avail before an outraged public.

Click here for the rest of the story.
William K. Black is the author of The Best Way to Rob a Bank is to Own One. Two circulating copies are available on loan from Tucson libraries. Bill Moyers interviewed William K. Black on April 3, 2009 about "liars loans" and the gutting of the loan verification process. According to Black, nobody was looking during the Bush years. And when nobody looks, fraud escalates.
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Saturday, November 21, 2009

Moyers Message to Obama: Study History or Repeat its Mistakes

by Danny Schechter
Commondreams.org
November 21, 2009

How LBJ Was Sucked Into Escalation In Vietnam And Why Its Happening Again

Elders are considered wisdom keepers in most of the world's cultures, perhaps just not our own. They are repositories of important lessons, keepers of the collective memory, and as such, usually revered. In our own midst, in our own time, one man deserves all praises due for the role he's chosen to play as the sage of the electronic stage, as our educator in chief, as the voice of the national conscience, as the best journalist on television.

His name is Bill Moyers and he proved again on Friday night why he is such a giant and national treasure.

On the very day that the world's media honored one of their richest and most powerful TV brands, Queen Oprah, who announced "the show was my life" but that she was stepping down two years hence, Bill Moyers delivered one of the most important programs of his career in an effort to call our young President to account, to prevent another similar tragedy in the making. As she reveled in the headlines as a a celebrity goddess, he went back to work.

Alas, like Oprah, Moyers will also be stepping down next year, not in 2011. Who got all the media attention? Ms. O, not Mr. M!

He aired this report on this weekend of the anniversary of the Kennedy Assassination to remind us what happened to the leader who replaced that generation's young prince. I am talking about Lyndon Baines Johnson, the master of the Senate, who succeeded John F Kennedy on that terrible day in Dallas.

LBJ came to office with many heavy burdens, including a war raging in South East Asia. His Presidency would be defined by how he handled it, or failed to handle it. As fate would have it, a 30 year old Bill Moyers was one of Johnson's aides and an eyewitness to the tragedy that followed that original sin.

On his Journal, Moyers went back to the historical record, to selected but revealing tapes of Johnson's own phone calls with his colleagues and appointees-yes he wiretapped himself the way Nixon did years later-and those calls showed how he agonized over whether to escalate the war, a course of action he knew could not succeed.
The parallels with the present day, and the upcoming decision by President Obama to escalate the war in Afghanistan are unmistakable and undeniable.

Read on to finish the story.

Click on picture to watch this program online at PBS.

Bill Moyers Journal airs tomorrow, Sunday November 22 KUAT 12 noon

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Thursday, November 19, 2009

HHS Task Force Mammogram Recs Slammed

By Michael Collins
OpED News
November 19, 2009

HHS Head Sibelius Says, Ignore Panel, Get Checked

"The (task force) recommends against routine screening mammography in women aged 40 to 49 years." U.S. Preventative Services Task Force, Nov. 17, 2009

"My message to women is simple. Mammograms have always been an important life-saving tool in the fight against breast cancer and they still are today. Keep doing what you have been doing for years - talk to your doctor about your individual history, ask questions, and make the decision that is right for you." Kathleen Sebelius, Health and Human Services Secretary, Nov. 18.

Talk about a short news cycle. A Department of Health and Human Services (HHS) appointed "best practices" task force dismissed the value of "routine" mammograms as a cancer prevention technique for women 40 to 49 years on Tuesday, November 17.

A day later, Wednesday, Nov. 18, HHS Secretary Kathleen Sebelius issued a statement dismissing the committee recommendations.

'The U.S. Preventive Task Force is an outside independent panel of doctors and scientists who make recommendations.

"They do not set federal policy and they don't determine what services are covered by the federal government." Kathleen Sebelius, Nov. 18.

The committee is made up of independent practitioners but operates under the sponsorship of the Agency for Healthcare Research and Quality, HHS. The agency states that their task force "recommendations have formed the basis of the clinical standards for many professional societies, health organizations, and medical quality review groups."

Sebelius didn't care. Amidst Republican outcries that this was the way Democratic sponsored health reform would operate, she issued her terse statement dismissing the dismissal of mammography for women 40 to 49.

The DC flap started when Diane Rehm had task force member Dr. Diane Pettiti, MD (ASU professor) on her show yesterday, Nov. 18. (Listen to the November 18 Diane Rehm show at this link.) She asked the doctor for the name of one cancer specialist on the task force. Petitti was unable to answer (video 1:53). The doctor also told Rehm that "Cost effectiveness was not a part of the discussion. Cost was not uttered in the room."

Dr. Rebecca Zurrbier, MD, Chief of Breast Imaging at Sibley Memorial Hospital in Washington, DC was listening to the Rehm show and became incensed. She pointed out that no one on the committee had either a clinical specialty or indicated any direct experience in treating cancer in a WUSA, Channel 9 special news feature (video). Zurrbier's WUSA critique was a devastating counterpoint to Rehm's skilful questioning on her radio show earlier in the day.

The HHS sponsored task force had 16 members. These members issued a statement on cancer treatment. There is not one oncologist on the panel nor is there a radiologist. The specialties of task force physicians consist of: Family Medcine (4 members); Pediatrics (2); Obstetrics and Gynecology (2); Internal Medicine (2); Geriatrics (1); Epidemiology (1); Primary Care (1). The non MD's had these specialties: Nurse Practitioner - Psychiatry (1); Nurse Practitioner - Family Medicine (1); and, PhD researcher (1).

If you were seeking treatment for cancer or consultation on current treatment, would you consult anyone with the specialties listed? Not if you're concerned about your health. Cancer is not what these doctors treat. Dr. Zurrbier's point was so obvious, she seemed amazed that this kind of finding could even occur. So should we.

WUSA's did an on-the-spot review of task force member affiliations. They came up with three members tied to HMO's or health insurance companies. Dr. George Isham, MD is the Chief Health Officer for a major health care provider, Health Partners. Dr. David Grossman, MD, is an investigator a research division of the Group Health Cooperative health care network in the Seattle area. Dr. J. Sanford Schwartz, MD, is the past executive director of the Leonard Davis Institute of Health Economics at the University of Pennsylvania. He's also on the Blue Shield Medical Advisory Panel.

There are three other affiliations that deserve note.

Task force Chairman, Bruce Nedrow Calonge, MD, is a Colorado physician who is the Chairman of the Colorado Foundation for Medical Care, a major advisor on "quality improvement" in care for the state and other health care organizations. Dr. Pettiti, who said the recommendations would have no influence on insurance coverage, is a health policy and medical advisor for Kaiser Permanente of Southern California. Joy Melnikow, MD is the associate medical advisers for Healthwise, a medical knowledgebase company serving health providers, insurance companies, and government entities. The firm also provides software for patient information.

Thanks to the incisive questioning of NPR syndicated radio host Diane Rehm and the quick and clear response of cancer specialist, Dr. Zurrbier on WUSA, the issue hit the public airwaves and was quickly resolved with the rapid response of HHS Secretary Sebelius.

Now it's time to find out how this HHS research organization could impanel a group of experts to recommend cancer treatment protocols when none of the physicians on the panel were oncologists and none had any identified clinical experience treating cancer. It's also a good time for those on the task force to examine why they chose to issue this guideline without cancer researchers and clinicians on the committee?

Why were the deficiencies in this process, so obvious to us, too difficult for the HHS administrators to grasp?

This article may be reproduced in whole or in part with attribution of authorship and a link to this article.

Author's Bio: Michael Collins is a writer in the DC area who researches and comments on the corruptions of the new millennium. His articles focus on the financial manipulations of The Money Party, the abuse of power by government, and features on elections and election fraud. His articles can be found there. His website is called The Money Party.

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Wednesday, November 18, 2009

GOP senators block effort to freeze credit card interest rates

By Daniel Tencer
Rawstory
Wednesday, November 18th, 2009 -- 7:15 pm


Republican senators on Wednesday blocked an effort to debate a bill that would prevent credit card companies from raising interest rates ahead of new regulations coming into force next year.

The move angered congressional Democrats who were pushing for an emergency freeze on credit card rates.

"I’m extremely disappointed that the financial health of millions of American taxpayers has been completely brushed aside by a handful of Wall Street banking interests in the US Senate," Rep. Betsy Markey (D-CO) said, as quoted in the Coloradan.

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Sebelius on Mammograms: Don’t Change What You’re Doing

By KATE PHILLIPS
New York Times
November 18, 2009, 3:12 PM

Health and Human Services Secretary Kathleen Sebelius on Wednesday afternoon issued a strong statement intended to put distance between federal policy and an influential panel’s recommendations that most women should start regular breast cancer screening at age 50, not 40.

The panel’s new recommendations represent a significant departure from existing guidelines, and have caused widespread concern since they were announced on Monday. The backlash has been growing among doctors, patients and even members of Congress. (A group of Republican female lawmakers used the anger over the guidelines today as a way of denouncing the Democrats’ broader health care bills, while Democrats noted that the panel is independent and its recommendations are contradicted by the American Cancer Society.)

Continue reading here.

Editorial Note: Check out Tucson doc: 'Office full of women under 50 with breast cancer'
By Stephanie Innes
ARIZONA DAILY STAR
Tucson, Arizona | Published: 11.18.2009

Two of the 16 members of the independent panel United States Preventive Services Task Force are ASU professors:

Diana B. Petitti, M.D., M.P.H. (Vice Chair)
Professor of Biomedical Informatics
Fulton School of Engineering
Arizona State University, Tempe, AZ

Bernadette Melnyk, Ph.D., R.N., C.P.N.P./N.P.P.
Dean and Distinguished Foundation Professor in Nursing
College of Nursing & Healthcare Innovation
Arizona State University, Phoenix, AZ


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Growing Consensus in Dem Caucus: Economic Team Must Go

Fire Geithner and Summers, prominent Democrat says

by Peter Tencel
Rawstory
November 18, 2009

'We may have to sacrifice just two more jobs to get millions back for Americans'

President Barack Obama "is being failed by his economic team" and should replace Treasury Secretary Tim Geithner and White House economic policy director Larry Summers, says US House Rep. Peter DeFazio.

The prominent member of the Congressional Progressive Caucus told MSNBC's The Ed Show that he and other House members are growing increasingly frustrated by a White House economic policy that focuses on maintaining the financial stability of Wall Street firms while largely overlooking Main Street concerns.

Continue reading here.

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Biden on Jon Stewart: "Socialism for the Rich" "Capitalism for the Poor"

VIDEO

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Joe Biden Pt. 1
www.thedailyshow.com
Daily Show
Full Episodes
Political HumorHealth Care Crisis



The Daily Show With Jon StewartMon - Thurs 11p / 10c
Joe Biden Pt. 2
www.thedailyshow.com
Daily Show
Full Episodes
Political HumorHealth Care Crisis
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Tuesday, November 17, 2009

Sixteen workers die each day in the United States: Employer Negligence/Lax Enforcement

Visit 16 DeathsPerDay.com....


According to Brave New Foundation, sixteen workers are killed each day in the United States "because of reckless negligence on the part of their employers. Under existing laws, these employers get a slap on the wrist, or walk away scot-free. Meanwhile, workers who blow the whistle face threats and retaliation at the workplace."

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Will Credit Raters Dodge Change...Again?

Will Washington really demand change and hold the raters accountable?

The RealNews

Although the nations largest credit rating companies are blamed for underestimating much of the risk that led to the financial crisis, so far they have dodged any significant consequences. Investors lost billions of dollars on bonds awarded top ratings by Moodys, Standard & Poors and Fitch, and now Congress wants answers. But will Washington really demand change and hold the raters accountable?


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The Ugly Truth About Jobs

By Robert Parry
Consortium News
November 17, 2009

Federal Reserve Board Chairman Ben Bernanke has given Americans a glimpse of the ugly truth about their future job prospects. Simply put, companies have found that they can shed workers and rely on technological advances and overseas factories to operate with a lot fewer U.S. employees


Bernanke told the Economic Club of New York on Monday that some U.S. companies might begin to add workers to meet rising demand, but he added that “other firms, facing difficult financial conditions and intense pressure to cut costs, seem to have found longer-lasting, efficiency-enhancing changes that allowed them to reduce their workforces. …

“To the extent that firms are able to find further cost-cutting measures as output expands, they may delay hiring.”

In other words, Americans – from blue-collar manufacturing workers to white-collar office employees – won’t be needed as much in the future by companies that are squeezing more productivity out of the workers that remain and are shifting more jobs overseas.
That means U.S. unemployment can be expected to stay high and wages low, Bernanke said.

Click here for the rest of the story.
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The 15 Biggest Congressional Recipients Of Wall Street Campaign Cash


Huffington Post
11/17/09

Reforming Wall Street is a hot topic on Capitol Hill these days. Congress is currently weighing two financial reform bills that would, to varying degrees, reshape the way the financial system is regulated.

Still, Wall Street's influence in Washington appears to be as strong as ever. After all, it was just last spring that Senator Dick Durbin, frustrated by pushback on bankruptcy reform, denounced the financial sector's influence on the Senate: the banks, he said, "they frankly own the place." The Center for Responsive Politics, a research group that tracks money in politics, reports that financial industries -- the finance, insurance and real estate sectors, specifically -- have been one of the biggest benefactors to Congress over the past two decades:

"The finance, insurance and real estate sector has given $2.3 billion to candidates, leadership PACs and party committees since 1989, which eclipses every other sector. Nineteen percent of total contributions from the employees and political action committees across all sectors came from the financial sector.

Click here for the rest of the article and a slide show featuring Wall's Street's Top 15. Read more!