How’s your water quality?

The debate over tap water vs. bottled water will probably go on for quite some time. Many people believe that by purchasing bottled water, they are consuming better quality water than that which comes from the tap. Others argue that the environmental impact of bottled water is massive, and that bottled water is no safer than tap water. A report earlier this year from the Government Accounting Office claims that because public water supplies are regulated by the Safe Water Drinking Act and those regulations are enforced by the EPA, they are therefore safer than bottled water, which is regulated by the FDA-- and we all know what a wonderful job the FDA has been doing. But a new investigative report by the New York Times calls this conclusion into question.

In the last five years alone, chemical factories, manufacturing plants and other workplaces have violated water pollution laws more than half a million times. The violations range from failing to report emissions to dumping toxins at concentrations regulators say might contribute to cancer, birth defects and other illnesses. However, the vast majority of those polluters have escaped punishment. State officials have repeatedly ignored obvious illegal dumping, and the Environmental Protection Agency, which can prosecute polluters when states fail to act, has often declined to intervene.

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Dark days and “Green Shoots”

“We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both.” --Supreme Court Justice Lous D. Brandeis
For all the discussion of "green shoots" and an economy on the mend, there's plenty of data and commentary to the contrary. What's interesting to me, is that recent developments only highlight the extent to which Main Street economics have become irrelevant to Wall Street. The administration is claiming that the crisis is largely over, and that it's time to breathe a sigh of relief. President Obama yesterday argued that "we can be confident that the storms of the past two years are beginning to break." Treasury Secretary Timothy Geithner discussed last week beginning to wind down some of the programs that were implemented in the heat of the crisis late last year. The value of the Dow Jones Industrial Average has risen from its July low of 8146, and is now trading around 9600. Everything seems well and good in the world of high-finance. But others see it differently. Nobel-prize winning economist Joseph Stiglitz argued this week that nothing has been done to address the underlying banking problems that created the mess in the first place, adding that "the problems are worse than they were in 2007 before the crisis." Simon Johnson, former chief economist of the IMF, echoes that sentiment, and points out that the real issues underlying the crisis have not been addressed at all. He lays out 4 areas of concern:
  1. The big banks need to be made to be dramatically smaller.
  2. Executives need to have a great deal of their personal wealth tied up in their banks to prevent a reckless focus on short-term results.
  3. An end to the revolving door between Wall Street and Washington, DC. "There is no way people should be able to go directly (or even overnight) from a failing bank to designing bailout packages to benefit such banks. In any other industry, in any other country, and at any other time in American history, this would have been seen as an unconscionable conflict of interest. "
  4. The financial elite is aware that they are able to exploit the Federal Reserve and use it as a "bailout machine".

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A new 9/11 Curriculum?

The Associated Press is reporting that there is a new curriculum debuting in 7 states this year with the goal of teaching middle-school and high-school students about the September 11th, 2001 attacks. Developed by the September 11th Education Trust, the curriculum will focus on 7 areas "designed to help students reflect on the impact and legacy of September 11, 2001". Sample units include:

  • Understanding 9/11 as history
  • Debating the government's role during disasters
  • Discussing the nature of heroism
  • Evaluating foreign policy vis-à-vis national security
The Associated Press quotes former mayor of New York City, Rudy Giuliani:
"This is one of the critical subjects on which young people should develop some ideas and thoughts. They're going to have to live with this for quite some time," he said. "It gives young people a framework in which to think about Sept. 11, all that it meant and all that it means to the present."
I'm not quite sure what he means when he says that "They're going to have to live with this for quite some time." Does he mean the threat of terrorism? Does he mean the consequences of our reaction to 9/11?

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Get real about Afghanistan?

Building on our recent discussion of Afghanistan, a couple of items of interest today. Daring to stand up to the budding consensus that it may be time to get out of Afghanistan, Ruben Navarette today released an commentary on the topic. He notes that "Senior Pentagon officials are expected to ask for as many as 45,000 additional American troops this month. Currently, there are about 68,000 U.S. troops in Afghanistan." To him, this is not a bothersome development. He complains that the only "nation-building" the left supports is the type done by the Peace Corps, rather than the military. With no indication why this position is incorrect, he asserts that "Liberals love to build things, especially with other people's tax dollars. They just don't like the idea of U.S. troops doing the building. Maintaining a military presence on foreign soil makes the left nervous because it feeds the perception that the United States has an itch for imperialism and can't go long without scratching it." Maybe it's just me, but I think it's the 737 military bases around the world and millions of deployed soldiers that really "feeds the perception" that we have an "itch for imperialism." I wonder why Navarette doesn't criticize war-mongering conservatives for "loving to build things, especially with other people's tax dollars"?After all, the Pentagon estimates that our overseas bases are worth at least $127 billion-- does he think they were paid for through donations from grateful Iraqis and Afghanis?

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A word from the Department of Homeland Security

"It's been a number of years since 9/11, and people get complacent over time. Being prepared allows us to reduce the level of fear in this country, and we want to do that." That's news today from Janet Napolitano, Secretary of Homeland Security. Do you agree with what she says-- that they want to reduce the level of fear in this country? Do you think the best way to do that is by reminding everyone that we should always beafraid of a terrorist attack? I mean, it's not as though they are warning of specific attack or any credible threats that they've received. Does anyone keep track of what the current threat level is? It's yellow, by the way. Unless you go to an airport, which ostensibly will be at a permanent orange level.

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