Matt Taibbi goes to war against Goldman Sachs

Rolling Stone's Matt Taibbi is one of my heroes. I've often recommended his investigative pieces at DI. Taibbi's latest Rolling Stone article is an all-out attack on Goldman Sachs as the culprit behind the bubbles and busts. No, they don't "just happen." [Note: the full article is here]. No, Goldman Sachs isn't the only culpable entity, but Goldman serves well as a deserving target for the kinds of criminal abuses that have destabilized the U.S. economy and crushed the savings of so many people. Here's one example of many by Taibbi, this one explaining how it was that so many shitty mortgages were approved by lenders across the United States. Step One for this problem (as it is for so many other problems with the economy) is to eliminate sane standards for evaluating the economic worth of commodities, individuals and entities. The first step has the intentional function of destroying the possibility of honest valuation, thereby setting the stage for confusing and misleading investors:

Goldman's role in the sweeping global disaster that was the housing bubble is not hard to trace. Here again, the basic trick was a decline in underwriting standards, although in this case the standards weren't in IPOs but in mortgages. By now almost everyone knows that for decades mortgage dealers insisted that home buyers be able to produce a down payment of 10 percent or more, show a steady income and good credit rating, and possess a real first and last name. Then, at the dawn of the new millennium, they suddenly threw all that shit out the window and started writing mortgages on the backs of napkins to cocktail waitresses and ex-cons carrying five bucks and a Snickers bar.

Beware, that if you watch the videos of Taibbi explaining this blatant robbery of investors and taxpayer, as well as the Democrat complicity with this mess, you will seethe. You will feel betrayed.

Continue ReadingMatt Taibbi goes to war against Goldman Sachs

Census issues

Here's a topic I haven't followed well enough, as became obvious to me when I saw this little gem of a video on Huffpo. I had NO IDEA that one of the reasons Those-Who-Hate-Government-But-Want-Government-to-Manage-Religion-and-Reproduction are threatening not to fill out their census forms is the fear of being placed in Internment Camps. Yep, that maven of legislative insight, Michele Bachmann, warns Glenn Beck of the dire consequences we may well repeat from the WWII era. She also laments the missing "are you here illegally?" question (because of course all undocumented workers would 'fess right up to that on an official government form).

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Making this the year of the Bible might make people read it

Some in Congress are pressing to make 2009 the "National Year of the Bible." As Politics Daily points out, such a pronouncement might encourage people to actually read the Bible before extolling its virtues. And lots of people do extol its virtues (93% of U.S. homes have at least one Bible). But do they read it? Polls suggest that it is not read often or well by millions of Americans:

A 2000 survey showed that even 60 percent of those chapter-and-verse-quoting Evangelicals thought Jesus was born in Jerusalem rather than Bethlehem. Similarly, a 2004 survey of high school students found that 17 percent thought "the road to Damascus" was where Jesus was crucified and 22 percent thought Moses was either one of Jesus' 12 apostles or an Egyptian pharaoh or an angel. Half of high school seniors also thought Sodom and Gomorrah were married . . . But before you pile on the slacker generation, consider that one in 10 of all Americans believe that Joan of Arc was Noah's wife, and 60 percent can't name five of the Ten Commandments.

But here's more:

Only three out of five Christians can recall the names of the first four books of the New Testament. Only half of the Christians polled correctly identified the person who delivered the Sermon on the Mount. And a full 42% of the Christians said that without the government's laws, there would be no real guidelines for people to follow in daily life.

And more:

A Gallup survey shows that fewer than half of Americans can name the first book of the Bible (Genesis), only one-third know who delivered the Sermon on the Mount (many named Billy Graham, not Jesus), and one quarter do not know what is celebrated on Easter. . . A 1997 Barna Research poll showed [that] eighty percent of born-again Christians believe it is the Bible that says "God helps them that help themselves."

These polls substantiate what I've been seeing and hearing. Many of the people who argue with me about religion (they come to my door a couple times each year) know almost nothing about the Bible. Most believers know absolutely nothing about the history of the Bible--how the Bible came to be the Bible. It's a truly fascinating story and there's no excuse that a Believer wouldn't know many of the details. See this post on Bart Ehrman setting for many quotes mistakenly attributed to Jesus. Consider, also, a book I am currently reading, Robert Wright's The Evolution of God, with makes a strong argument that Jesus didn't really say, "Love your enemies" or extol the Good Samaritan. These stories were inserted many decades after the crucifixion (e.g., see p. 260). I was raised Catholic and I know many Catholics (many of them good-hearted and thoughtful people). Almost none of them read the Bible with any familiarity. They hear passages on Sundays, but that's about it. I've spoken to dozens of serious Catholics who have no idea that there are any contradictions in the Bible and they freely admit that they don't read it on their own. So much for the "Word of God" among a large group (dozens) of educated and committed Catholics. If they really believed that the Bible was divinely inspired word of God, how could they possibly have time for anything else?

Continue ReadingMaking this the year of the Bible might make people read it

No Excuse—A Personal Gripe

Generally speaking, I don't like to criticize books. Tim Powers told us at Clarion that a sale negates all criticism. That may be more true with fiction (though I reserve the right to privately diss any book that's badly done, regardless) but when it comes to nonfiction, I find it inexcusable. I've been slogging---slogging, mind you---through a history of the rise of the Spanish Empire under Fernando and Isabel, the period during which the New World (?) was discovered by Europeans and Spain became the pre-eminent power on the global scene. The book is called Rivers of Gold and it was penned by one Hugh Thomas, published in 2003. I'm finding it virtually unreadable. Partly this is a style issue. The prose are flat, lifeless. He makes the mistake of introducing casts of characters in one-paragraph lumps, as if the average reader is going to remember all these people, many of whom do not seem to matter in later parts of the narrative. We are given chunks of delightful detail about some things (the make-up of Columbus's crews on both the first and second voyage, which is very telling about the geopolitics of the day) and the rather revolutionary nature of Fernando's and Isabel's co-rule (for it was genuinely a partnership) and then little about other things (like the ultimate disposition of the Muslim populations after the fall of Granada and what happened to their libraries, which directly impacted the rest of Europe). But these are small quibbles. Thomas seems to have a bias toward Christianity, but he is clearly restraining himself throughout and attempting to be even-handed, and largely succeeds (sincere mourning for what became of the Jews). He orders the events well, so that we see the relevance of Fernando and Isabel adhering to Law rather than acting as autocrats and their background and education as it affected their judgment concerning what Columbus found and what his enemies told them.

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No link between the Thimerosal used in vaccines and autism

In 2005, when I read Robert F. Kennedy's Rolling Stone article about the supposed link between autism and Thimerosal (a mercury-based preservative) found in childhood vaccines, I was deeply concerned. I send copies of that persuasive and detailed article to several friends. New evidence strongly there is no link, however. Even more than the epidemiological studies, consider this observations, as reported by Discover Magazine:

[A]lthough thimerosal is no longer present in any recommended childhood vaccines save the inactivated influenza vaccine—and hasn’t been, beyond trace amounts, since 2001—no one is hailing the end of autism. “If you thought thimerosal was related to autism, then the incidence of autism should have gone down,” Harvard’s McCormick explains. “And it hasn’t.”

Given that we haven't been injecting our children full of Thimerosal since 2001, we should be seeing a significant decrease in autism (if the anti-Thimerosal crowed were right). We aren't seeing any decrease in rates of autism, however. This lack of correlation seems compelling to me. As indicated in the Discover article, there are many reasons for getting your young children vaccinated.

The CDC estimates that thanks to vaccines, we have reduced morbidity by 99 percent or more for smallpox, diphtheria, measles, polio, and rubella. Averaged over the course of the 20th century, these five diseases killed nearly 650,000 people annually. They now kill fewer than 100.

There is now one less big reason for refusing to do get your children vaccinated: There is no link between the Thimerosal used in childhood vaccinations and autism. As reported by the Discover article, however, the urban legend prevails that Thimerosal causes autism.

Continue ReadingNo link between the Thimerosal used in vaccines and autism