Be INFORMED

Sunday, April 25, 2010

Marlboro Snus hits The Shelves...

... and I just started using this stuff on Sunday,April 25Th.
The Marlboro version of snus comes in 4 varieties-- Rich,Mild,Peppermint and Spearmint. i chose to sample the " Rich" version of the product. I went into my local convenience store this morning and I paid $3.99 for the product. Marlboro's snus version differs from Camel's in a couple of ways.
1) Marlboro cost #3.99 for only 6 pouches. Camel gives you 15 pouches for around $4.99 since the introductory special has lapsed.
2) "Rich" flavor has some kick to it. to much kick for my taste. When I placed the pouch in between my cheek and gums, Marlboro tasted like chewing tobacco to me. I could live with that.
3) Marlboro will last in your mouth for 30 minutes according to the packaging. I had the first pouch in my mouth for close to 45 minutes and it still worked as far as killing the craving for a smoke went. It might have lasted longer, but my stomach was beginning to get a little queasy so I tossed it.
As I have stated at the beginning, that was only the first pouch, so I've still 6 more to go.
We'll see what happens.

Saturday, April 24, 2010

Will Goldman Sachs Prove Greed is God?

From http:commondreams.org

Saturday, April 24, 2010 by the Guardian/UK
Will Goldman Sachs Prove Greed is God?
The investment bank's cult of self-interest is on trial against the whole idea of civilization – the collective decision by all of us not to screw each other over even if we can
by Matt Taibbi

So Goldman Sachs, the world's greatest and smuggest investment bank, has been sued for fraud by the American Securities and Exchange Commission. Legally, the case hangs on a technicality.

Morally, however, the Goldman Sachs case may turn into a final referendum on the greed-is-good ethos that conquered America sometime in the 80s - and in the years since has aped other horrifying American trends such as boybands and reality shows in spreading across the western world like a venereal disease.

When Britain and other countries were engulfed in the flood of defaults and derivative losses that emerged from the collapse of the American housing bubble two years ago, few people understood that the crash had its roots in the lunatic greed-centered objectivist religion, fostered back in the 50s and 60s by ponderous emigre novelist Ayn Rand.

While, outside of America, Russian-born Rand is probably best known for being the unfunniest person western civilization has seen since maybe Goebbels or Jack the Ripper (63 out of 100 colobus monkeys recently forced to read Atlas Shrugged in a laboratory setting died of boredom-induced aneurysms), in America Rand is upheld as an intellectual giant of limitless wisdom. Here in the States, her ideas are roundly worshiped even by people who've never read her books or even heard of her. The rightwing "Tea Party" movement is just one example of an entire demographic that has been inspired to mass protest by Rand without even knowing it.

Last summer I wrote a brutally negative article about Goldman Sachs for Rolling Stone magazine (I called the bank a "great vampire squid wrapped around the face of humanity") that unexpectedly sparked a heated national debate. On one side of the debate were people like me, who believed that Goldman is little better than a criminal enterprise that earns its billions by bilking the market, the government, and even its own clients in a bewildering variety of complex financial scams.

On the other side of the debate were the people who argued Goldman wasn't guilty of anything except being "too smart" and really, really good at making money. This side of the argument was based almost entirely on the Randian belief system, under which the leaders of Goldman Sachs appear not as the cheap swindlers they look like to me, but idealized heroes, the saviors of society.

In the Randian ethos, called objectivism, the only real morality is self-interest, and society is divided into groups who are efficiently self-interested (ie, the rich) and the "parasites" and "moochers" who wish to take their earnings through taxes, which are an unjust use of force in Randian politics. Rand believed government had virtually no natural role in society. She conceded that police were necessary, but was such a fervent believer in laissez-faire capitalism she refused to accept any need for economic regulation - which is a fancy way of saying we only need law enforcement for unsophisticated criminals.

Rand's fingerprints are all over the recent Goldman story. The case in question involves a hedge fund financier, John Paulson, who went to Goldman with the idea of a synthetic derivative package pegged to risky American mortgages, for use in betting against the mortgage market. Paulson would short the package, called Abacus, and Goldman would then sell the deal to suckers who would be told it was a good bet for a long investment. The SEC's contention is that Goldman committed a crime - a "failure to disclose" - when they failed to tell the suckers about the role played by the vulture betting against them on the other side of the deal.

Now, the instruments in question in this deal - collateralized debt obligations and credit default swaps - fall into the category of derivatives, which are virtually unregulated in the US thanks in large part to the effort of gremlinish former Federal Reserve chairman Alan Greenspan, who as a young man was close to Rand and remained a staunch Randian his whole life. In the late 90s, Greenspan lobbied hard for the passage of a law that came to be called the Commodity Futures Modernization Act of 2000, a monster of a bill that among other things deregulated the sort of interest-rate swaps Goldman used in its now-infamous dealings with Greece.

Both the Paulson deal and the Greece deal were examples of Goldman making millions by bending over their own business partners. In the Paulson deal the suckers were European banks such as ABN-Amro and IKB, which were never told that the stuff Goldman was cheerfully selling to them was, in effect, designed to implode; in the Greece deal, Goldman hilariously used exotic swaps to help the country mask its financial problems, then turned right around and bet against the country by shorting Greece's debt.

Now here's the really weird thing. Confronted with the evidence of public outrage over these deals, the leaders of Goldman will often appear to be genuinely confused, scratching their heads and staring quizzically into the camera like they don't know what you're upset about. It's not an act. There have been a lot of greedy financiers and banks in history, but what makes Goldman stand out is its truly bizarre cultist/religious belief in the rightness of what it does.

The point was driven home in England last year, when Goldman's international adviser, sounding exactly like a character in Atlas Shrugged, told an audience at St Paul's Cathedral that "The injunction of Jesus to love others as ourselves is an endorsement of self-interest". A few weeks later, Goldman CEO Lloyd Blankfein told the Times that he was doing "God's work".

Even if he stands to make a buck at it, even your average used-car salesman won't sell some working father a car with wobbly brakes, then buy life insurance policies on that customer and his kids. But this is done almost as a matter of routine in the financial services industry, where the attitude after the inevitable pileup would be that that family was dumb for getting into the car in the first place. Caveat emptor, dude!

People have to understand this Randian mindset is now ingrained in the American character. You have to live here to see it. There's a hatred toward "moochers" and "parasites" - the Tea Party movement, which is mainly a bunch of pissed off suburban white people whining about minorities consuming social services, describes the battle as being between "water-carriers" and "water-drinkers". And regulation of any kind is deeply resisted, even after a disaster as sweeping as the 2008 crash.

This debate is going to be crystallized in the Goldman case. Much of America is going to reflexively insist that Goldman's only crime was being smarter and better at making money than IKB and ABN-Amro, and that the intrusive, meddling government (in the American narrative, always the bad guy!) should get off Goldman's Armani-clad back. Another side is going to argue that Goldman winning this case would be a rebuke to the whole idea of civilization - which, after all, is really just a collective decision by all of us not to screw each other over even when we can. It's an important moment in the history of modern global capitalism: whether or not to move forward into a world of greed without limits.

© 2010 Guardian/UK
As Rolling Stone’s chief political reporter, Matt Taibbi's predecessors include the likes of journalistic giants Hunter S. Thompson and P.J. O'Rourke. Taibbi's 2004 campaign journal Spanking the Donkey cemented his status as an incisive, irreverent, zero-bullshit reporter. His latest collection is Smells Like Dead Elephants: Dispatches from a Rotting Empire


© Copyrighted 1997-2009 www.commondreams.org

Saturday, April 10, 2010

Saturday's Political Jokes...

... and they all come from our lovely "late night" television shows.

Jay Leno: "Next week, the president of China will be at the White House. And good news — he has no plans to foreclose."

"And in a major reversal of U.S. policy, President Obama has narrowed the conditions under which we would use nuclear weapons. He said we'd only use them against Iran, North Korea or Fox News."

David Letterman:"The government says the economy is bouncing back. So now we can go back to making cars nobody wants. That will be good."

"People were standing in line around the block all weekend to get an iPad. Out in Arizona, John McCain was waiting in line for an IBM Selectric."

Jimmy Kimmel:"Tiger Woods will play his first golf tournament in five months, and his first tournament in six years without lipstick on his lucky underwear."
politicalhumor.about.com

From dailykos.com.
Your Abbreviated Pundit Round-up
by DemFromCT Sat Apr 10, 2010
Saturday punditry, and if you need a second opinion...

NY Times editorial:
President Obama might be tempted to replace Justice John Paul Stevens with someone bland enough to slip through the Republican chain of opposition in the Senate. If he is, we recommend he read a few of the opinions that Justice Stevens wrote in the last 34 years.

EJ Dionne:
Justice John Paul Stevens’s retirement is an enormous loss for the country, and particularly for progressives who have valued his brave and straightforward defense of civil liberties, equal rights and equal justice over many years.
But his departure should not lead to a bloody battle over his successor. Whomever President Obama names to the court will be no more liberal than Stevens -- and might possibly be slightly less so.

Charles Blow:
On the issue of the court being completely composed of former federal judges, she said: "In the past, we’ve had a very diverse court, at times, and typically we’ve had people on the court who didn’t serve one day as a judge. Sorry. You know. I’m a judge. I like judges. But we don’t need them all on the court. And we need people of different backgrounds."
In fact, according to a 2005 article in The Christian Science Monitor, 41 of our Supreme Court justices have had no prior judicial experience. That’s more than a third.

TAPPED:
I don't think there's any mystery about how Republicans are going to handle President Obama's nominee to replace retiring Justice John Paul Stephens. Here are some revealing quotes from a short Wall Street Journal post on the retirement announcement (all emphasis mine). Mitch McConnell: "Americans can expect Senate Republicans to make a sustained and vigorous case for judicial restraint and the fundamental importance of an even-handed reading of the law." Orrin Hatch: "[S]omeone who would be an activist judge, who would substitute their own views for what the law requires, is not qualified to serve on the federal bench." John Cornyn: "Our nation deserves a Supreme Court nominee who is committed to deciding cases impartially based on the law, not on personal politics, preferences, or what’s in the nominee’s ‘heart.’" Man, it's gonna be a great summer.

Monica Potts:
It’s not surprising that Stupak, who stood front-and-center in the health-care debate over its treatment of abortion, would want to leave after such a bruising battle. The end result of health-care reform is that access to abortion will be at least as restricted as it ever was, and likely more so. That was true without Stupak’s more restrictive amendment to the house bill, and would likely have been true even if he’d never raised a fuss over abortion.
The problem is, once you use anti-abortion rhetoric to criticize the health-care bill, the legislation's actual provisions on abortion -- that women would have to use their own money to buy abortion-riders because federal subsidies can't be used to pay for abortions, so plans in the exchanges can't offer them -- don’t matter. For voters who do not support abortion rights, the bill is forever associated with abortion, and Stupak played a roll in that. Since he ultimately voted for the bill, it was inevitable that he would be branded a sell-out.

Ezra Klein:
Compare Nelson and Stupak to people such as Mark Warner or Brad Ellsworth, both of whom are moderate Democrats who had serious concerns about the bill, but who spent their time quietly getting those concerns addressed rather than using them to get TV bookings in advance of a high-profile deal. Nelson and Stupak made themselves into targets for both the left and the right, and ended the process with lots of notoriety but even more new enemies. Warner and Ellsworth haven't suffered from the same backlash. The old model in which moderate Democrats justify their vote for a bill by talking trash about it until they get bought off doesn't work in an environment where the media and the political opposition is waiting to pounce on the buy-off.

Gail Collins:
At the Minnesota [Palin-Bachmann] rally, Gov. Tim Pawlenty, a presidential hopeful, tried to glom onto some of the glitter, but all he could come up with was "Wall Street gets a bailout, the poor get a handout and everybody else gets their wallets out," which is mean without being exciting. The crowd yawned.
Pawlenty is supposed to be one of the new breed of level-headed conservatives, but by next year he may be wearing snowshoes for his speeches and accusing Obama of surrendering our freedom to Finland.