The C.I.A. Interrogation Report : What Was Left Out

Bagram Air Force Base, Bybee Memo, C.I.A., Dick Cheney, George W. Bush, Guantanamo Bay, Jay Bybee, John Yoo, Office of Legal Counsel, Steven Bradbury, Torture, Waterboarding

RTWBM Aug 21, 2009 Chuck Todd, Jay Leno, Jan Schakowsky and Jeremy Scahill

Broadcatching

RTWBM Aug 21, 2009 Chuck Todd, Jay Leno, Jan Schakowsky and Jeremy Scahill

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RTWBM Aug 21, 2009 Chuck Todd and Jeremy Scahill Face Off

Broadcatching

RTWBM Aug 21, 2009 Chuck Todd and Jeremy Scahill Face Off

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U.S. May See 150-200 More Bank Failures

AIG, ANALYSTS, BANK FAILURES, Banking, Banks, Bernanke, Bof A, Citi, DICK BOVE, Fed, FINANCIALS, Geithner, Merrill, Paulson, Thain, Wall Street

US May See 150-200 More Bank Failures: Bove

Reuters
| 24 Aug 2009 | 01:07 PM ET

A prominent banking analyst said Sunday that 150 to 200 more U.S. banks will fail in the current banking crisis, and the industry’s payments to keep the Federal Deposit Insurance Corp afloat could eat up 25 percent of pretax income in 2010.

Richard Bove of Rochdale Securities said this will likely force the FDIC, which insures deposits, to turn increasingly to non-U.S. banks and private equity funds to shore up the banking system.

“The difficulty at the moment is finding enough healthy banks to buy the failing banks,” Bove wrote.

The FDIC is expected on August 26 to vote on relaxed guidelines for private equity firms to invest in failed banks, after critics said previously proposed rules were too harsh and would actually dissuade firms from making investments.

Bove said “perhaps another 150 to 200 banks will fail,” on top of 81 so far in 2009, adding stress to the FDIC’s deposit insurance fund.

Three large failures this year — BankUnited Financial in May, and Colonial BancGroup, Guaranty Financial Group in August — collectively cost the fund roughly $10.7 billion.

The fund had $13 billion at the end of March.

Regulators closed Guaranty’s banking unit on Friday and sold assets of the Texas-based lender to Banco Bilbao Vizcaya Argentaria. The FDIC agreed to share in losses with the Spanish bank.

Bove said the FDIC will likely levy special assessments against banks in the fourth quarter of this year and second quarter of 2010.

He said these assessments could total $11 billion in 2010, on top of the same amount of regular assessments. “FDIC premiums could be 25 percent of the industry’s pretax income,” he wrote.

RTWBM Aug 21, 2009 Chuck Todd, Jay Leno, Jan Schakowsky

Broadcatching

RTWBM Aug 21, 2009 Chuck Todd, Jay Leno, Jan Schakowsky

Vodpod videos no longer available.

The Smiths – Nowhere Fast, What She Said & Headmaster Ritual – Oxford 1985-03-18

England Angst, Headmaster's Ritual, History Boys, Music, Nowhere Fast, Oxford, Pop, The Smiths, What She Said

The Bizarre and Dangerous World of Fiji Water

Bottled Water, Fiji, Fiji Water, Mother Jones

MOTHER JONES

Fiji Water: Spin the Bottle

By Anna Lenzer | Wed August 12, 2009 1:00 AM PST

THE INTERNET CAFÉ in the Fijian capital, Suva, was usually open all night long. Dimly lit, with rows of sleek, modern terminals, the place was packed at all hours with teenage boys playing boisterous rounds of video games. But one day soon after I arrived, the staff told me they now had to shut down by 5 p.m. Police orders, they shrugged: The country’s military junta had declared martial law a few days before, and things were a bit tense.

I sat down and sent out a few emails—filling friends in on my visit to the Fiji Water bottling plant, forwarding a story about foreign journalists being kicked off the island. Then my connection died. “It will just be a few minutes,” one of the clerks said.

Moments later, a pair of police officers walked in. They headed for a woman at another terminal; I turned to my screen to compose a note about how cops were even showing up in the Internet cafés. Then I saw them coming toward me. “We’re going to take you in for questioning about the emails you’ve been writing,” they said.

What followed, in a windowless room at the main police station, felt like a bad cop movie. “Who are you really?” the bespectacled inspector wearing a khaki uniform and a smug grin asked me over and over, as if my passport, press credentials, and stacks of notes about Fiji Water weren’t sufficient clues to my identity. (My iPod, he surmised tensely, was “good for transmitting information.”) I asked him to call my editors, even a UN official who could vouch for me. “Shut up!” he snapped. He rifled through my bags, read my notebooks and emails. “I’d hate to see a young lady like you go into a jail full of men,” he averred, smiling grimly. “You know what happened to women during the 2000 coup, don’t you?”

Eventually, it dawned on me that his concern wasn’t just with my potentially seditious emails; he was worried that my reporting would taint the Fiji Water brand. “Who do you work for, another water company? It would be good to come here and try to take away Fiji Water’s business, wouldn’t it?” Then he switched tacks and offered to protect me—from other Fijian officials, who he said would soon be after me—by letting me go so I could leave the country. I walked out into the muggy morning, hid in a stairwell, and called a Fijian friend. Within minutes, a US Embassy van was speeding toward me on the seawall.

Until that day, I hadn’t fully appreciated the paranoia of Fiji’s military regime. The junta had been declared unconstitutional the previous week by the country’s second highest court; in response it had abolished the judiciary, banned unauthorized public gatherings, delayed elections until 2014, and clamped down on the media. (Only the “journalism of hope” is now permitted.) The prime minister, Commodore Frank Bainimarama, promised to root out corruption and bring democracy to a country that has seen four coups in the past 25 years; the government said it will start working on a new constitution in 2012.

The slogan on Fiji Water’s website—”And remember this—we saved you a trip to Fiji”—suddenly felt like a dark joke. Every day, more soldiers showed up on the streets. When I called the courthouse, not a single official would give me his name. Even tour guides were running scared—one told me that one of his colleagues had been picked

The Audacity of Branding
Seizing on the bottles’ ubiquity, Tourism Fiji has taken to circulating a photo of President Obama at an event featuring Fiji Water.

If you drink bottled water, you’ve probably drunk Fiji. Or wanted to. Even though it’s shipped from the opposite end of the globe, even though it retails for nearly three times as much as your basic supermarket water, Fiji is now America’s leading imported water, beating out Evian. It has spent millions pushing not only the seemingly life-changing properties of the product itself, but also the company’s green cred and its charity work. Put all that together in an iconic bottle emblazoned with a cheerful hibiscus, and everybody, from the Obamas to Paris and Nicole to Diddy and Kimora, is seen sipping Fiji.

Suite Judy Blue Eyes – The Demo – Mr. Stephen Stills

CSNY, Judy Collins, Northern California, Rock and Roll, Woodstock

GLORIOUS NOISE

Stephen Stills – Suite Judy Blue Eyes (demo)

By Jake Brown
August 9, 2007

MP3: Stephen Stills – “Suite: Judy Blue Eyes” (demo) from Just Roll Tape: April 26th, 1968. Stream several more songs at Stills’ site.

Just Roll Tape: April 26th, 1968

We mentioned this as soon as we heard about it, and what we’ve heard sounds as good as we hoped it would. Just Stills and an acoustic guitar, as great and soulful as ever. On the other hand, you really do miss Crosby and Nash on the CSN songs, which shouldn’t come as much of a surprise…

Bernie Madoff’s Guide to New York Restaurants

Bankers, Bernie Madoff, New York, Restaurants, Wall Street

By Pete Wells

In an inspired piece of forensic accounting, Eater analyzes Bernie Madoff’s American Express statements to discover where the Ponzi schemer ate, what he spent, and how he tipped. His go-to restaurant for the period in 2008 covered by the statements was Lure. (But if he liked it so much, how come he only tipped six percent?) Lure was followed closely by Houston’s; perhaps Mr. Madoff found their spinach-artichoke dip irresistible. Or maybe it was just close to his office.