Chink in the armor of auditors and bond rating agencies?

Matt Taibbi gives us a bit of hope that some justice will be done:

[T]he lead auditor reviewing one of the world’s largest investment banks [Lehman] had no idea what a series of regularly-occurring billion-dollar transactions committed by her main client were, and apparently wasn’t interested. It also didn’t seem to bother E&Y that Lehman was not disclosing any of this to its investors in its SEC filings. My guess is that this suit is the beginning of the end for Ernst and Young and, who knows, may be the beginning of a series of investigations that ultimately take down the auditors and ratings agencies that made the financial crisis possible. Without accountants and raters signing off on all the bogus derivative math and bad bookkeeping, a lot of this mess would never have happened.

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Not torture = torture

Anyone who reads this post from David E. Coombs, Bradley Manning's lawyer will realize that Bradley Manning is being tortured by the United States of America. He is being tortured in our name. Bradley Manning has not been convicted of any crime. Even if he were convicted of a hideous crime, torture would be immoral. The United States claims that it is not torturing Manning, but consider one example of many disgraceful revelations made by David E. Coombs:

The guards are required to check on PFC Manning every five minutes by asking him if he is okay. PFC Manning is required to respond in some affirmative manner. At night, if the guards cannot see PFC Manning clearly, because he has a blanket over his head or is curled up towards the wall, they will wake him in order to ensure he is okay.
What the phuque. This is not making sure he is "OK," as the military claims. Rather, this is sleep deprivation and it is a way to damage cognitive functioning. For those who suggest that this is not a problem, would they ever allow this to be done to someone they loved? And why is it that medical websites universally caution that we get enough sleep?
Learning and memory: Sleep helps the brain commit new information to memory through a process called memory consolidation. In studies, people who’d slept after learning a task did better on tests later. Metabolism and weight: Chronic sleep deprivation may cause weight gain by affecting the way our bodies process and store carbohydrates, and by altering levels of hormones that affect our appetite. Safety: Sleep debt contributes to a greater tendency to fall asleep during the daytime. These lapses may cause falls and mistakes such as medical errors, air traffic mishaps, and road accidents. Mood: Sleep loss may result in irritability, impatience, inability to concentrate, and moodiness. Too little sleep can also leave you too tired to do the things you like to do. Cardiovascular health: Serious sleep disorders have been linked to hypertension, increased stress hormone levels, and irregular heartbeat. Disease: Sleep deprivation alters immune function, including the activity of the body’s killer cells. Keeping up with sleep may also help fight cancer.
Why would anyone do this to anyone else, other than to torture them? Why, especially, would you do this to a man who has never been convicted of a crime? This is the character of the perennial war-monger totalitarian state coming through loud and clear, and Barack Obama is not willing to step in and call a halt to this despicably immoral situation. Bradley Manning had the guts to speak truth to power, and now, in my name and yours, he is being made into a hideous example so that none of the rest of us get any foolish ideas.

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Pat Robertson argues for decriminalization of marijuana

Who would have ever thought that we'd hear this sort of thing uttered by Pat Robertson:

"We're locking up people that have taken a couple puffs of marijuana and next thing you know they've got 10 years with mandatory sentences," Robertson continued. "These judges just say, they throw up their hands and say nothing we can do with these mandatory sentences. We've got to take a look at what we're considering crimes and that's one of 'em. "I'm ... I'm not exactly for the use of drugs, don't get me wrong, but I just believe that criminalizing marijuana, criminalizing the possession of a few ounces of pot, that kinda thing it's just, it's costing us a fortune and it's ruining young people. Young people go into prisons, they go in as youths and come out as hardened criminals. That's not a good thing."

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Rightward shift of John Roberts Court documented

This from Raw Story:

A study has found that the Supreme Court under Chief Justice John Roberts has undergone a fundamental shift in its outlook, ruling in favor of businesses much more often than previous courts. According to the Northwestern University study, commissioned for the New York Times, the Roberts court has sided with business interests in 61 percent of relevant cases, compared to 46 percent in the last five years of Chief Justice William Rehnquist, who passed away in 2005.

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Obama Signs Tax Package: What’s in it for me?

President Obama signed the 2010 tax package into law Friday, December 17, 2010. This is the Act that's been so much in the news lately. Check out the TaxProf Blog's compilation of both technical and opinion resources for answers to questions like: "What's in the Act?" and "How will this Act affect me personally?" If there's an acronym for the Act's title yet, then I don't know what it is. Here's the official title:

“TAX RELIEF, UNEMPLOYMENT INSURANCE REAUTHORIZATION, AND JOB CREATION ACT OF 2010”

It looks like a hard title to 'acronym-ize' into something memorable like COBRA, for example. COBRA (The Consolidated Omnibus Budget Reconciliation Act of 1985), like the 2010 Act, changed parts of the Internal Revenue Code. COBRA denied employers tax deductions for health insurance premiums if the employer’s plan failed to provide for continuing coverage for separated employees. While I’ve heard many people speak of ‘COBRA coverage’ over the years, I’ll bet few of them knew their right to COBRA medical insurance came as a result of a change in the tax code. Check out the TaxProf Blog to find out what new, COBRA-like changes may be buried in the 2010 "TRUIRJCA". No! That will never do as an acronym for the

“TAX RELIEF, UNEMPLOYMENT INSURANCE REAUTHORIZATION, AND JOB CREATION ACT OF 2010”

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