The Commentariat -- November 1

The issue for the great washed masses, via a friend:

By Matt Bors.

I've posted an Open Thread on today's Off Times Square.

Members of Congress Are Just Like Us. Paul Singer & Jennifer Yachnin of Roll Call: "Members of Congress had a collective net worth of more than $2 billion in 2010, a nearly 25 percent increase over the 2008 total, according to a Roll Call analysis of Members' financial disclosure forms. Nearly 90 percent of that increase is concentrated in the 50 richest Members of Congress." ...

... Adam Nagourney of the New York Times: "From Los Angeles to Wall Street, from Denver to Boston, homeless men and women have joined the protesters in large numbers, or at least have settled in beside them for the night. While the economic deprivation they suffer might symbolize the grievance at the heart of this protest, they have come less for the cause than for what they almost invariably describe as an easier existence.... But their presence is posing a mounting quandary for protesters and the authorities, and divisions have arisen among protesters across the country about how much, if at all, to embrace the interlopers. The rising number of homeless, many of them suffering from mental disorders, has made it easier for Occupy’s opponents to belittle the movement as vagrant and lawless and has raised the pressure on municipal authorities to crack down." ...

... The Supercommittee Goes for Increasing the Number of Homeless. Jake Sherman & Manu Raju of Politico: "As a critical deadline for the supercommittee nears, Social Security appears to be on the negotiating table. In private conversations, and now in public, the idea of changing the social program as part of a deficit-reduction deal is gaining some traction — a move that has been politically unthinkable for years."

Matt O'Brien in The New Republican: conservative "scholars" like Jim Pethokoukis of the American Enterprise Institute continue to cook the books in efforts to demonstrate that really, the sharp rise in income inequality over the past several decades is just a "myth." No, it isn't. ...

... "That's Not What I Said." Jon Chait of New York Magazine discusses the same same "analysis" by Pethokoukis, plus the Wall Street Journal's repeated trumpeting of new economics Nobelists Thomas Sargent & Christopher Sims as being "non-Keynesian." When the scholars whom these conservative analysts misquote speak up against the disinformation about their work, Chait sees an "Annie Hall" moment:

     ... Of course the true master of "That's Not What I Said" is Paul Krugman, whose words are always being misquoted or mischaracterized. He so often throws back misrepresentations I think he might want to change the title of his blog to "That's Not What I Said." ...

Speaking of making up things, Prof. Jonathan Gruber, writing in The New Republic, takes apart a House Republican report (produced by Darrell Issa) on the Affordable Care Act. The report contains one fallacious claim after another. And you, BTW, paid for it.

2008 All over Again. Joe Nocera: despite his making public speeches against out-of-control compensation for Wall Street executives, Jon Corzine, a former governor of & former U.S. senator from New Jersey as well as a former chief of Goldman Sachs, "was on track to get a $12 million golden parachute for failing at MF Global Holdings." CW: see also yesterday's Ledes: there are millions missing from MF Global, money that disappeared in the days before the firm declared bankruptcy.

What Everyone Knows. Everyone knows we can’t solve the debt crisis without making structural changes* to our entitlement programs. You know it. I know it. President Obama knows it. If we don’t make those changes, the programs won’t be there for your generation when you need them. Everyone understands this, and the fact of the matter is, strengthening these programs will be good for our economy. Nothing – nothing – would send a more reassuring message to the markets than taking bipartisan steps to fix the structural problems in Medicare, Medicaid and Social Security. -- House Speaker John Boehner

    * Structural changes. Def.: A term used by U.S. conservatives and members of the right-wing Republican party to mean "deep cuts." Also, a euphemism roughly akin to "You're screwed, people."

Kevin Drum of Mother Jones thinks it's time for President Obama -- instead of his surrogates -- to charge that Republicans are deliberately trying to wreck the economy. This, Drum argues, would force the story onto the front page & make Republicans defend the charges. ...

... On that note, Obama surrogate Rep. Debbie Wasserman-Schultz (D-Fla.) writes an op-ed in Politico touting Obama's proposed American Jobs Act. "Republicans need to get off the sidelines and join him and stop rooting for the economy’s failure in order to win an election.... [GOP presidential candidate Mitt Romney] wants to kick ... people ... out of their homes, allow bankers and investors to make a quick buck and then rewrite the laws to allow bankers to write their own rules. Romney doesn’t just want to return to the same policies that brought our economy to its knees; he wants to double down on them.... His tax plan slashes taxes for the wealthiest and corporations but does nothing to help middle-class families. In a telling moment at a Republican debate just a couple of weeks ago, he called payroll tax cuts in the American Jobs Act 'little Band-Aids.'”

How Republicans are using Occupy Wall Street (or in this case, Occupy Oakland) against President Obama. The comments accompanying the video on the YouTube site are precious: one commenter promises harm to "the first person s/he sees" sporting an Obama bumper sticker on her car. Evidently there's a new threat to some Americans: "DWD" -- "Driving While Democratic":

Right Wing World *

Catherine Rampell of the New York Times: "Gov. Rick Perry’s proposal for an opt-in flat tax would primarily benefit the wealthiest Americans, according to a new analysis from the Tax Policy Center, a nonpartisan research organization. Compared with current tax policy, the plan would most likely reduce federal tax revenue by $570 billion, or about 15 percent.... Almost every household in the top 1 percent would be offered a tax cut." ...

... Former Reagan advisor Bruce Bartlett ticks off a laundry list of the flaws in Perry's plan. "Mr. Perry’s plan cannot be taken seriously.... Whether the plan makes any sense as a matter of policy is irrelevant to its purpose, which is to win him the Republican nomination. With an Oct. 25 ABC News/Washington Post poll showing the flat tax much more popular among Republicans than Mr. Cain’s 9-9-9 plan, it might just work." ...

... AND you have to see Derek Thompson's bar charts on the Perry plan. I can't reproduce them here because they would take up a couple of column feet.

Jim Rutenberg & Michael Shear of the New York Times have an omnibus story on Herman Cain's Bad Day. See also yesterday's Commentariat. ...

... Alexander Burns of Politico: "Herman Cain backtracked on a central part of his story about the sexual harassment allegations leveled against him in the 1990s, telling PBS and Fox News that he recalled details of a financial settlement with one of the women involved. Changing his tune on the question of cash settlements was only the most glaring of several shifts in Cain’s comments Monday on the harassment charges leveled when he was president of the National Restaurant Association."

... Brett Smiley of New York Magazine: On the Greta Van Susteren show, Cain makes things worse. "Foot meet mouth." Here's part of the interview: he likes the ladies:

Byron Wolf of ABC News: "One of the more interesting moments during Herman Cain’s appearance [yesterday] at the National Press Club came not when he struck back hard against reports that he sexually harassed an employee of the National Restaurant Association in the 1990s, but when he burst into song at the end. The song, 'He Looked Beyond My Faults,' was written by Dottie Rambo." CW: well, he has a very nice voice:

Dana Milbank: "If Herman Cain were found to be a serial killer, his supporters would take this, too, as reassuring evidence that he is not just another career politician."

Ruth Marcus of the Washington Post: "It was inevitable, from the moment the story broke of sexual harassment allegations against Republican presidential candidate Herman Cain, that parallels would be drawn to Supreme Court Justice Clarence Thomas.... There is no indication that his race — or his political affiliation — is relevant in any way to the accusations or to Politico’s careful, responsible reporting on them.... The ones playing racial politics here are conservatives, not the supposed liberal media." ...

... Dan Eggen of the Washington Post has a bit more on the Milwaukee Journal Sentinel story we linked yesterday "about financial ties between [Cain']s campaign and a private charity run by two of his top aides.... The payments Cain campaign manager Mark Block's nonprofit made to Cain's campaign (and perhaps one to a conservative group before whom Cain spoke) are "forbidden under federal tax and election laws, because nonprofit charities are not allowed to donate money or services to political campaigns, according to election law experts. 'It looks like a law school exam on potential campaign finance violations,” said Lawrence H. Norton..., a former general counsel at the Federal Election Commission. 'Many of these payments would be prohibited contributions under federal election law.'” In a TV interview, Cain pled ignorance of the issue.

Joseph Curl of the Washington Times: First Lady Michelle Obama is a constantly enraged hellcat -- "Now, she is ready to spew her bilious disgust with America" -- and someday we're going to present some evidence to back up this bogus warmed-over Campaign 2008 claim. To prove his point, Curl includes with his column the photo of the Obama family watching a ball game. To the left is the First Lady, preparing to spew bile. I have not changed the size of the photo.

Anita Kumar of the Washington Post: "The Republican Party of Virginia is strongly condemning an e-mail sent by Loudoun County’s GOP committee that shows President Obama as a zombie with part of his skull missing and a bullet through his head.... The e-mail ... has several other images, including one of House Minority Leader Nancy Pelosi, whose face has been made to look deformed with one eye bulging out of its socket." Under duress, the chairman of the committee issued a "sorry if you got the impression we were promoting assassination" apology. ABC News: "The Secret Service told ABC News the agency is aware of the incident but offered no further details."

     ... CW: Loudoun County is a D.C. bedroom community; this is not someplace out in them thar hills where the GOP can pretend those innocent rubes just don't know any better. This is what "sophisticated" Republicans, many of whom probably work in D.C., think is super-funny: portraying the POTUS as a dead man. Today Rush Limbaugh rent on a rant complaining that the Politico story about sexual harassment allegations against Herman Cain -- a story Cain did not deny -- that "We Should Not be Surprised by the Left's Racist Hit Job on Herman Cain." (Politico, owned by a former Reagan Administration official is hardly "the left," BTW). How odd he didn't demand the resignations of everyone on the Loudoun County GOP committee.

* Where we flat-ass make up stuff to fit right-wing worldview.

News Ledes

New York Times: "Federal officials are escalating an investigation into MF Global, the bankrupt brokerage firm run by Jon S. Corzine, as the search continues for roughly $600 million in missing customer money. The Commodity Futures Trading Commission, which first detected the missing money last week, decided to issue subpoenas to MF Global and demanded that the firm retain any documents that may be related to the investigation, according to people briefed on the situation." Also on the case are the SEC & the FBI, along with "exchanges like the CME Group...." 

New York Times: "Dorothy Rodham, who overcame years of struggle to become a powerful influence on the life and career of her daughter, Hillary Rodham Clinton, the first lady, senator from New York, presidential candidate and now secretary of state, died on Tuesday in Washington. She was 92."

Ha! New York Times: "Bank of America said Tuesday that it was abandoning its plan to charge its customers a $5 fee to use their debit cards, just a month after announcing the new fee. The reversal follows a huge backlash from customers.... The bank listened, but only after other large banks had indicated that they would not impose similar fees. Wells Fargo, JPMorgan Chase, SunTrust and Regions Financial have all pulled back on their plans."

CNN: "Occupy Wall Street activists plan to amass in Iowa one week before the Iowa caucuses -- up to the day they're held on Jan. 3...."

New York Times: "Israel said on Tuesday that it would accelerate the construction of 2,000 housing units in contested areas of East Jerusalem and in two West Bank settlements. The announcement came a day after the Palestinians won full membership in Unesco in the face of staunch Israeli and American opposition."

... AP: "A ... proclamation President Obama was signing Tuesday [at 1:45 pm ET] will designate Fort Monroe as a national monument, saving it from major development and preserving its history for generations. The fort and the land it occupies are historically significant because it was where Dutch traders first brought enslaved Africans in 1619. It remained in Union possession during the Civil War and became a place where escaped slaves could find refuge. It's also where Confederate President Jefferson Davis was once imprisoned following the Civil War."

New York Times: "European markets slid dramatically on Tuesday after Prime Minister George A. Papandreou stunned other European leaders with a surprise announcement late Monday that his government would hold a referendum on a new aid package for Greece. The proposed ballot will put Greek austerity measures — and potentially membership in the euro zone — to a popular vote for the first time...." ...

     ... Updated Lede: "The government of Prime Minister George Papandreou teetered of the verge of collapse on Tuesday, threatening Greece’s adherence to the terms of a new deal with its foreign lenders and plunging Europe into a fresh bout of financial turmoil."

Daily Beast: "Despite the demands of an embattled presidency and a sluggish economy, President Obama emerged from his latest physical exam on Monday in strikingly good health."

Guardian: "The bishop of London has broken ranks with the City of London Corporation over planned legal action to evict the tented encampment outside St Paul's Cathedral in London. Dr Richard Chartres is expected to urge the chapter of St Paul's – which has been hit in the past week by the resignation of two senior officials – to dissociate itself from the legal action to expel the protesters.... The protesters will be given an ultimatum on Tuesday: remove your tents in two days or face court action. The City of London Corporation is expected to serve legal papers on them the day after it warned them to remove their tents from land it owns around the cathedral. The home secretary, Theresa May, gave the authorities her full support on Tuesday morning."

AP: "The new business plan for California's high-speed rail system shows the nation's most ambitious state rail project could cost nearly $100 billion in inflation-adjusted funding over a 20-year construction period, according to a draft copy of the plan shared with The Associated Press. But the plan also says the system would be profitable even at the lowest ridership estimates and wouldn't require public operating subsidies."

Guardian: "The state of Nebraska will open a special session of the legislature on Tuesday afternoon in a last-gasp effort to stop or re-route the controversial Keystone XL pipeline project. The pipeline, meant to carry crude from the tar sands of Alberta, Canada, to the refineries of Texas, has become a political liability for Barack Obama. He's been heckled during party fundraisers, and faces a big demonstration at the White House on 6 November." The Omaha World-Herald story is here.

New York Times: Facing serious financial trouble in a weak economy, Cooper Union, the New York City college founded in 1859 to provide free education for the working class, may begin charging undergraduate tuition for the first time in more than a century, its president said Monday."

AP: "New York City has agreed to pay $70 million to settle a federal lawsuit that accused it of overbilling Medicaid for millions of dollars in reimbursements for personal care services. The city acknowledged it had re-authorized the services for certain patients without obtaining the required assessment from a physician, nurse or social worker. It also admitted it didn't get a medical review in some cases."

The Commentariat -- October 31

... The Great Jack O'Lantern Blaze 2011: 4,000 pumpkins, more than 1,000 volunteers and 14 artists working at the Van Cortlandt Manor in the Hudson Valley created a mighty impressive art installation which you can visit through November 6. More fabulous photos here. More info here. Thanks to Doug R. for the link.

"Weaponized Keynesians." Paul Krugman: Republicans know government spending creates jobs; they say so every time there's a chance military spending will be cut; they just don't want you "to know what they know, because that would hurt their larger agenda — keeping regulation and taxes on the wealthy at bay." ...

... I have a comments page on Krugman on Off Times Square.

John Burns of the New York Times: "In a city where demonstrations of every kind are part of the daily syncopation, there has rarely been any with quite the same potential for amplifying the protesters’ cause as the one that has settled in recently on the historic forecourt of St. Paul’s Cathedral, setting off a painful crisis of conscience for the Church of England.... With bishops squaring off against bishops, priests against priests, and the church hierarchy in disarray over whether to take steps to force the dismantling of the camp — not to mention Prime Minister David Cameron’s parachuting into the debate from 10,000 miles away in Australia, where he has attending a Commonwealth summit meeting — the St. Paul’s story has been front-page news and a feast for the television newscasts."

"Judges for Sale." Adam Cohen of Time: "A blistering new report details how big business and corporate lobbyists are pouring money into state judicial elections across the country and packing the courts with judges who put special interests ahead of the public interest.... These super spenders are the usual suspects: mainly big business, corporate lobbyists, and trial lawyers. Also high on the list: a disturbing category called 'unknown.' In many states, disclosure laws are so weak that special interests can buy judicial elections without the public even finding out.... We are getting courts that are filled with judges whose first loyalty is not to justice – or to the general public – but to insurance companies, big business and other special interests." You can read the report, written by three respected judicial watchdog groups, here. ...

... Justice, Sold. Adele Stan of AlterNet: when the Senate Judiciary Committee grilled Supreme Court nominee Judge Clarence Thomas, a group called Citizens United came to his rescue, & in tandem with another right-wing group ran ads against the Judiciary Committee Chair Joe Biden & two other Democratic committee members. Years later, as we know too well, Clarence Thomas & Co. came to the rescue of Citizens United in "a case whose outcome is commonly described as having opened the floodgates of corporate money into the nation's election system." And there's much more. "At a time when Americans' faith in their institutions of governance is at record lows, the continuing presence of Clarence Thomas on the Supreme Court undermines the very underpinnings of democracy. It's time for him to go." Thanks to a reader for the link.

CW: As linked in today's Ledes, Jon Corzine's investment firm filed for bankruptcy. According to Reuters, the cause was Corzine's made bad bets on European sovereign debt. That said, what alarmed me was this note from Ben Smith, commenting on the Corzine failure: "Jon Corzine has been a top Obama bundler and a top prospect to serve as Secretary of the Treasury in the second term, or in some top economic job before then." Really? Jon Corzine? His last private sector gig was as CEO of Goldman Sachs! Ir this is true -- and I don't know that it is -- and this is what a second Obama Administration is going to look like, then those who argue that it doesn't matter which political party is in power are closer to right than I realized.

In case you read the Washington Post's lead story by Lori Montgomery (which I had not previously linked because a two-second scan suggested to me it was a warmed-over Halloween story), the gist of which was "Oh, no! Social Security is broke! We have to cut it now!" go back and unread it. Dean Baker rips it to shreds: "News outlets generally like to claim a separation between their editorial pages and their news pages. The Washington Post has long ignored this distinction in pursuing its agenda for cutting Social Security, however it took a big step further in tearing down this barrier with a lead front page story that would have been excluded from most opinion pages because of all the inaccuracies it contained." Baker goes on to list the inaccuracies. ...

... Paul Krugman, in a post titled, "Social Security Bait & Switch...," explains two ways to look at Social Security, two ways that cannot be "combined," as Montgomery does. ...

... CW: Citing Baker & Krugman, I wrote a note to the corrections editor at the Post & suggested the paper just print a big ole "Never Mind" on the story. I'm pretty sure they'll have a huge retraction splattered across the top of the front page any day now. ...

... Ted Mann of The Atlantic: "The case that the paper deliberately misconstrues the facts is an incomplete one — and can't be going over well with The Post. But the overall lack of clarity and understanding about one of the nation's most cherished social programs is alarmingly persistent, especially in what is supposed to be an era of budget and deficit hawks." ...

... BUT as Digby points out, the Montgomery article must be music to the ears of those 100 members of Congress who want the deficit reduction supercommittee to go big. Hey, let's whack Social Security benefits because Social Security is in the red! "Right now Occupy Wall Street is focused on the malefactors of great wealth. But there are other issues that are quite urgent and this Super Committee nonsense is one of them. I don't know if there's any way of stopping this train, and I suspect our greatest friend right now is partisan gridlock."

Monica Davey of the New York Times: "With a federal decision anticipated soon on whether an oil pipeline will be allowed to run from Canada through the nation’s midsection, lawmakers in Nebraska are being summoned on Tuesday to an unexpected legislative session over the issue, which has stirred up a level of rancor that few had predicted." A week-old Omaha World-Herald story is here, with video.

Raymond Hernandez of the New York Times: "Clyde Williams, a former adviser to President Bill Clinton and a leading Democratic strategist with ties to President Obama, is laying the groundwork for a possible race against the 80-year-old [Charles] Rangel [NY], a Democratic Party elder who has represented his district in Harlem for half of his life."

** Novelist Mona Simpson eulogizes her brother Steve Jobs.

Right Wing World

E. J. Dionne: Paul Ryan's (R-Wisc.) speech last week at the Heritage Foundation is evidence the GOP is "worried that it is losing control of the political narrative.... Ryan offered the classic defense of inequality, arguing that what really matters is upward mobility, and that the United States has more of it than those horrible welfare states in Europe.... The only problem is that upward mobility has declined as inequality has grown, and social mobility is now higher in Europe than it is in the United States.... All of this explains why efforts to taint Occupy Wall Street as nothing more than a bunch of latter-day hippie radicals haven’t worked. It’s also why Obama, by sharpening his arguments about what’s fair and what’s unfair, has finally stopped his slide in the polls."

You Absolutely, Positively Knew This Was Coming. Jonathan Martin, et al., of Politico: "EXCLUSIVE! Two Women Accused Cain of Inappropriate Behavior. The women complained of sexually suggestive behavior by [Republican presidential candidate Herman] Cain that made them angry and uncomfortable, the sources said, and they signed agreements with the restaurant group that gave them financial payouts to leave the association. The agreements also included language that bars the women from talking about their departures. During Herman Cain’s tenure as the head of the National Restaurant Association in the 1990s, at least two female employees complained to colleagues and senior association officials about inappropriate behavior by Cain, ultimately leaving their jobs at the trade group, multiple sources confirm to Politico." ...

... AND You Knew This Was Sure to Follow. Nia-Malika Henderson of the Washington Post: "The presidential campaign of Republican Herman Cain is pushing back against allegations that he engaged in inappropriate behavior with at least two women when he was head of the National Restaurant Association.... A spokesman for the candidate denied that anything inappropriate happened and said that the matter was resolved more than a dozen years ago." ...

      ... Howard Kurtz of the Daily Beast: "Despite [Cain's spokesperson J. D.] Gordon’s characterization of the 'political trade press' assailing his boss, what is at issue here is a single report in Politico — one whose allegations Cain has declined to flatly deny." ...

      ... CW: to try to clear that up, what the Cain camp is denying is that Cain did anything "inappropriate"; it is not denying that the women brought the charges. ...

     ... Eric Wempel of the Washington Post on the Cain denial confirmation of the story. Wempel provides a sort of short course on how the nondenial denial works. CW: I should add that the reason the women didn't come forward and allow their names to be used was that, according to the Politico story, they signed confidentiality agreements as part of their settlements, which is SOP. Herman Cain is finding out what it's like to be the frontrunner for a presidential nomination -- and why some other possible candidates choose not to run this particular gauntlet. ...

... Here are the varying Cain & Cain camp responses to the Politico story (Note: does not include Update 2 below, which is a still newer version of the attempted coverup):

     ... Update 1. THIS Is Damage Control? Jonathan Martin of Politico: "Herman Cain said in his speech today that the National Restaurant Association’s general counsel and the human resources department conducted an investigation into allegations about his conduct in the late-90s. But the head of the association’s human resources department at the time said in an interview with POLITICO last week that she was unfamiliar with any complaints from female employees about Cain." Mary Ose, the former human resources officer, denied Cain's latest version of events.

     ... Update 2. THIS Is Damage Control? Maggie Haberman of Politico: "Earlier in the day, Herman Cain explicitly denied knowledge of any settlement or financial payout related to allegations of sexual harassment, telling Fox News: ''At the Restaurant Association -– outside of the Restaurant Association, absolutely not. If the Restaurant Association did a settlement I wasn’t even aware of it and I hope it wasn’t for much because nothing happened. So if there was a settlement it was handled by some of the other officers who worked for me at the time.' But just a few hours later, in an interview with the cable network's Greta Van Susteren, he recalled specific details about the allegations and one of the two settlements first reported by POLITICO."

... Judd Legum of Think Progress: "Today on Face The Nation, GOP presidential hopeful Herman Cain claimed that Planned Parenthood wants to 'kill black babies' and is part of an organized effort to commit 'genocide' against the black community.... Politifact previously evaluated Cain’s claim that Planned Parenthood was created to 'kill black babies' and deemed it 'a ridiculous, cynical play of the race card.' With video. ...

... Daniel Bice of the Milwaukee Journal Sentinel: "Herman Cain's two top campaign aides ran a private Wisconsin-based corporation that helped the GOP presidential candidate get his fledgling campaign off the ground by originally footing the bill for tens of thousands of dollars in expenses for such items as iPads, chartered flights and travel ... something that might breach federal tax and campaign law, according to sources and documents.... Prosperity USA was owned and run by Wisconsin political operatives Mark Block and Linda Hansen, Cain's current chief of staff and deputy chief of staff, respectively." Yes, yes, that's the same smokin' Mark Block of the weird Cain campaign ad, & the same Mark Block who paid a $15,000 fine & got run out of politics for three years because of -- election law violations."

Just for fun, David Sessions of the Daily Beast does a replay of Bachmann's Greatest Whoppers. CW: What Sessions doesn't mention is that Bachmann doubled down on some of these claims after various news outlets pointed out they were nonsense. I'm not sure she knows yet that John Adams, a founding father & the second POTUS, is not the same guy as his son John Quincy Adams, the 6th POTUS. You may feel confident in applying the pants-on-fire award above to Our Mizz Bachmann, too.

... Really, Rick? 2.5 Million Jobs? Big Whup. Nia-Malika Henderson of the Washington Post: "Given the magnitude of the problem, Perry’s promise of creating at least 2.5 million jobs ... over a four-year term, would only put a dent in the jobless rate." ...

... Really, Rick? We Get Our Oil from "Countries that Hate Us"? Glenn Kessler of the Washington Post: "As governor of Texas, Perry should know better than to pretend that the United States gets its oil from countries that hate it. In fact, the oil comes from our allies.... So this is a highly misleading line to insert in a television advertisement."

News Ledes

New York Times: "In a surprise move that jolted Europe and put his political future in play, Prime Minister George A. Papandreou announced Monday that his government would hold a referendum on a new aid package for Greece, putting austerity measures — and potentially membership in the euro zone — to a popular vote for the first time."

... President Obama signed an executive order to reduce drug shortages early afternoon. AP: "Acting once again ahead of Congress, President Barack Obama is directing the Food and Drug Administration to take steps to reduce drug shortages, an escalating problem that has placed patients at risk and raised the possibility of price gouging."

President Obama met with former British PM Tony Blair this morning.

AP: "Thousands of schoolchildren around the Northeast had one of the earliest snow days in memory Monday after a storm dumped as much as 30 inches of wet, heavy snow that snapped trees and power lines, caused widespread power failures and threatened to disrupt Halloween trick-or-treating. Communities from Maryland to Maine that suffered through a tough winter last year followed by a series of floods and storms went into now-familiar emergency mode as shelters opened, inaccessible roads closed, regional transit was suspended or delayed, and local leaders urged caution." New York Times story here.

Reuters: "The United Nations' cultural agency will decide later on Monday whether to give the Palestinians full membership of the body, a vote that could boost their bid for recognition as a state at the United Nations. UNESCO is the first U.N. agency the Palestinians have sought to join as a full member since President Mahmoud Abbas applied for full membership of the United Nations on September 23. Washington has vowed to veto full U.N. membership for the Palestinians in the U.N. Security Council and could cut funding to UNESCO if it votes to make them full members." ...

     ... New York Times Update: "Unesco defied Washington’s threat of an American funding cutoff on Monday and approved a Palestinian bid for full membership by a vote of 107 to 14, with 52 abstentions."

New York Times:  "Shares in MF Global Holdings [a firm run by former Sen. & New Jersey Gov. Jon Corzine] were halted for trading early on Monday, as the brokerage prepared to file for bankruptcy protection and sell some of its assets to the Interactive Brokers Group, according to people briefed on the matter. The Federal Reserve Bank of New York said in a statement that it had suspended doing any business with MF Global until the firm 'is fully capable of discharging the responsibilities set out in the New York Fed’s policy.' MF Global is a primary dealer, meaning that it is one of 22 firms allowed to trade directly with the Fed and make a market in securities like Treasury notes." ...

     ... Update: "Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine.... The recognition that money was missing scuttled at the 11th hour an agreement to sell a major part of MF Global to a rival brokerage firm. MF Global ... filed for bankruptcy on Monday. Regulators are examining whether MF Global diverted some customer funds to support its own trades as the firm teetered on the brink of collapse."

Reuters: "Beacon Power Corp filed for bankruptcy on Sunday, just a year after the energy storage company received a $43 million loan guarantee from a controversial Department of Energy program."

AP: The "7 billioneth baby" is born in Manila, the Philippines -- and elsewhere.

The Commentariat -- October 30

Comments are still open on this weekend's Off Times Square.

Here's the declaration of the 99 Percent, with info re: the formation of a national general assembly in Philadelphia beginning July 4, 2012, in Philadelphia, Pennslyvania. ...

... Now here are some really good ideas -- I just got some junk mail from Chase today, which I circular-filed. I'll be retrieving it in the morning:

... ** Frank Rich of New York Magazine: "Elections are supposed to resolve conflicts in a great democracy, but our next one will not. The elites will face off against the elites to a standoff, and the issues animating the class war in both parties won’t even be on the table. The structural crises in our economy, our government, and our culture defy any of the glib solutions proposed by current Democrats or Republicans; the quixotic third-party movements being hatched by well-heeled do-gooders are vanity productions." CW: sorry I'm so late with this. ...

... Rich talks about his essay with Rachel Maddow in the second segment of this video (begins 6 min. in); the first segment, featuring Robert Reich talking with Keith Olbermann about the positive effects of OWS, is pretty good, too:

... This history of the Bonus Army, produced for Disabled American Veterans, is a three-parter. Click through at the ends of Parts 1 & 2 by clicking on the thumbnail in the upper left-hand corner:

... Digby: Meanwhile, Democrats on the deficit reduction supercommittee roll blithely on, sparing & appealing for the fat cats at the expense of the 99 Percent. ...

... "Inequality in America Is even Worse than You Thought." Justin Elliott of Salon: "The German think tank [Bertelsmann Foundation] used a set of policy analyses to create a Social Justice Index of 31 developed nations in the Organisation for Economic Co-operation and Development (OECD). The United States came in a dismal 27th in the rankings." ...

... BUT Never Mind. Neiman's 2011 Christmas catalogue is out! Here's the video edition for our many loyal One Percent readers:

     ... OR, take your time, and peruse the entire catalogue here.

Your Psychology Lesson for the Day, from Prof. Drew Westen, writing in the New York Times: "Just as the two parties differ in their attitudes toward authority, they diverge in the value they place on intellect. In both cases, the two parties might have something to learn from each other."

With Liberty and Justice for Some: Rachel Maddow & Glenn Greenwald discuss his new book:

In a New York Times essay, Christina Romer tells Ben Bernanke to get off the dime. She has a list of things the Fed Chair could & should do to facilitate economic recovery.

"Elizabeth Warren, Rock Star." Dana Milbank: "Part Pat Moynihan, part Erin Brockovich, she has revived the energy of the left in a way no other Democrat has, including President Obama."

Prof. Bruce Schulman in Salon, on presidential primaries: "Sadly, the current mess hardly realizes [Wisconson Progressive reformer] Robert LaFollette’s dream of open, democratic selection. If anything, the 'interests' that Progressive reformers feared hold even greater sway now than when party officials hashed out the ballot lines: At least they needed to find candidates who would appeal to a broad swath of the rank-and-file.

Karen Tumulty of the Washington Post: "... there are signs that Republicans are giving [former Speaker & GOP presidential candidate Newt] Gingrich another look. Fundraising has picked up after his strong debate performances and amid the continued frostiness that many activist Republicans feel toward presumed front-runner Mitt Romney, the former Massachusetts governor." CW: Now all we need is a Santorum surge (ha ha), and the Delusional Season will be complete.

Right Wing World

Actual photo. "'Perpetually lazy, spoiled rotten' kids who trick-or-treat each and every year." Stock photo via Slate.Dahlia Lithwick of Slate on the Republican War on Trick-or-Treating. (All links that follow are to sourced material.) "This week, Republicans in Congress have decided to take some time off from taking time off to announce a bold new jobs initiative: As part of the effort to reward the nation’s hardest working job creators, and punish the 'growing mobs' of whining, entitled, spoiled youngsters who have taken to the streets with their irrational, socialist demands, House GOP Leader Eric Cantor this afternoon announced that America’s problems will be solved by a forward-thinking congressional initiative. Quoting himself in a speech that he almost gave last week, Rep. Cantor explained that 'Republicans believe that what is fair is a hand up, not a hand out.' And that’s why Republicans today declared war on trick-or-treaters."

News Ledes

New York Times: "... more than 1.8 million customers from Pennsylvania reaching up into New England found themselves without electricity as the region was lashed by surprisingly high winds, snowdrifts and surging seas."

Austin American-Statesman: "After a crackdown led to dozens of arrests early Sunday morning, city leaders have asked Occupy Austin protesters to appoint leaders to meet this morning and work out new rules for the group's occupation of City Hall.... Sunday's arrests of 30 men and seven women was the largest group arrest since protesters began the 24/7 rally at City Hall on Oct. 6. Three more protesters had been charged with disorderly conduct and three others with criminal trespass as of Sunday night."

AP: About 50 "Occupy Wall Street protesters chanted slogans, danced to stay warm and defiantly protested into the early hours Sunday near Tennessee's Capitol building, squaring off for the third consecutive night against state authorities.... Capitol police sporadically made their rounds and a state trooper occasionally walked past the protest in the pre-dawn hours, but authorities signaled no immediate attempt to make arrests as law enforcement agents had done on the two previous nights." ...

... The Tennessean: "The American Civil Liberties Union is working on a legal strategy to stop nightly arrests of Occupy Nashville protesters on the grounds that the state is violating their First Amendment rights. The Tennessee chapter of the ACLU will ask the courts to bar enforcement of a newly imposed curfew on Legislative Plaza, where Occupy Nashville protesters have gathered for more than three weeks. A request for an injunction could be filed as soon as Monday." ...

... Oakland Tribune: "It appeared protesters and gas mask-wearing police officers would clash again Saturday night on Oakland streets, four days after a violent police crackdown shoved the Occupy Oakland movement into the international spotlight, but, just as emotions peaked, organizers held up peace signs. Marchers turned around, patted themselves on the back and returned to their adopted home, Frank H. Ogawa Plaza." ...

... Fox "News": "Police arrested about 30 anti-Wall Street protesters in Portland early Sunday, dragging and carrying them to waiting vans, after they refused to leave a park in an affluent district.The arrests came after protesters from the Occupy Portland movement marched to the Pearl District, with some saying they viewed its residents as part of the wealthy demographic they're protesting." ... Here's The Oregonian liveblog.

New York Times: "The Obama administration plans to bolster the American military presence in the Persian Gulf after it withdraws the remaining troops from Iraq this year, according to officials and diplomats. That repositioning could include new combat forces in Kuwait able to respond to a collapse of security in Iraq or a military confrontation with Iran."

AP: "Western military intervention in Syria will lead to an 'earthquake' that 'would burn the whole region,' Syrian President Bashar Assad warned in remarks published Sunday, following growing calls from anti-regime protesters for a no-fly zone over the country." Here's the interview, published in the Sunday Telegraph. ...

     ... Guardian Update: "Nato has all but ruled out the possibility of establishing a no-fly zone in Syria after the Syrian president, Bashar al-Assad, warned that any western intervention would cause an 'earthquake' that would 'burn the whole region'."

AP "Tens of thousands of stranded Qantas Airways passengers scrambled to reach their destinations Sunday as the airline, its unions and the Australian government argued in a lengthy arbitration hearing over the abrupt grounding of its entire fleet. The government wants the panel to order Qantas to fly in Australia's economic interests. The airline is arguing for a permanent ruling to end the unions' strikes that it says risk the airline's viability, while the unions say the employee lockout imposed Saturday was an extreme action and argue for a temporary suspension instead." ...

     ... Guardian Update: "Qantas has called off the dramatic grounding of its entire fleet after a tribunal ordered the Australian airline and trade unions to end a dispute that has stranded thousands of passengers. Fair Work Australia, an independent arbiter, ordered that rolling industrial action be halted in a ruling that forces Qantas and three unions to return to the negotiating table."