This momentum to audit the Federal Reserve is long-overdue, after months of debate. If our election system involved public financing, the debate would have lasted five minutes.
Now it's time to reconcile the House and Senate bills, then let the sun shine in. It's time to shine an especially bright light on the recipients of the the Fed's largess, and this will information must be produced pursuant to the Senate bill. Let's just hope that the audit is meaningful and thorough.
Speaking of which, it's time to turn a sharp eye to the roll the Wall Street bond rating companies played in the meltdown. After all, how could it be that so many sub-prime mortgage-backed securities were so highly rated, despite strong evidence to the contrary? We're now seeing good momentum to reform the practices of these bond raters too:
A critical amendment to the Wall Street reform bill being debated in the Senate this week picked up a key Republican backer Tuesday. The amendment, sponsored by Sen. Al Franken (D-Minn.), would end the practice of banks choosing which credit rating agency they hire to rate a particular offering. Often, banks will ask raters for a preliminary review, allowing them to pick the rater most likely to look favorably on whatever bundle of products the bank wants to sell to investors.
President Barack Obama on Tuesday announced a revised approach to "confronting the complex challenge of drug use and its consequences," putting more resources into drug prevention and treatment.
The new drug control strategy boosts community-based anti-drug programs, encourages health care providers to screen for drug problems before addiction sets in and expands treatment beyond specialty centers to mainstream health care facilities.
The Obama administration has taken important steps to undo some of the damage of past administrations' drug policies. The Justice Department has played an important role in trying to reduce the absurdly harsh, and racially discriminatory, crack/powder mandatory minimum drug laws; Congress is likely to approve a major reform this year. DOJ also changed course on medical marijuana, letting state governments know that federal authorities would defer to their efforts to legally regulate medical marijuana under state law. And they approved the repeal of the ban on federal funding of syringe exchange programs to reduce HIV/AIDS, thereby indicating that science would at last be allowed to trump politics and prejudice even in the domain of drug policy.
The new strategy goes further. It calls for reforming federal policies that prohibit people with criminal convictions and in recovery from accessing housing, employment, student loans and driver's licenses. It also endorses a variety of harm reduction strategies (even as it remains allergic to using the actual language of "harm reduction"), endorsing specific initiatives to reduce fatal overdoses, better integration of drug treatment into ordinary medical care, and alternatives to incarceration for people struggling with addiction. All of this diverges from the drug policies of the Reagan, Clinton and two Bush administrations.
Nadelmann also criticizes the the budget numbers because they point to a continued waging of the "drug war": "64% of their budget - virtually the same as under the Bush Administration and its predecessors - focuses on largely futile interdiction efforts as well as arresting, prosecuting and incarcerating extraordinary numbers of people"
LEAP (Law Enforcement Against Prohibition) also criticizes the budget numbers for the same reason as Nadelmann:
The drug czar is saying all the right things about ending the 'war on drugs' and enacting a long-overdue balanced strategy focused on a public health approach," said Neill Franklin, a former Baltimore cop and incoming executive director of Law Enforcement Against Prohibition (LEAP). "Unfortunately the reality of the budget numbers don't match up to the rhetoric. Two-thirds of the budget is dedicated to the same old 'war on drugs' approach and only a third goes to public health strategies. My experience policing the beat tells me that it's certainly time for a new approach, but unfortunately this administration is failing to provide the necessary leadership to actually make it happen instead of just talking about it.
The strategy devotes 64 percent of the budget to traditional supply reduction strategies like enforcement and interdiction while reserving only 36 percent for demand reduction approaches like treatment and prevention.
StoptheDrugWar joins the chorus, arguing that the budget allocation needs to match the new rhetoric:
President Obama's first National Drug Control Strategy offers real, meaningful, exciting change," [Matthew Robinson, professor of Government and Justice Studies at Appalachian State University and coauthor (with Renee Scherlen) of "Lies, Damned Lies, and Drug War Statistics: A Critical Analysis of Claims Made by the ONDCP"] summed up. "Whether this change amounts to 'change we can believe in' will be debated by drug policy reformers. For those who support demand side measures, many will embrace the 2010 Strategy and call for even greater funding for prevention and treatment. For those who support harm reduction measures such as needled exchange, methadone maintenance and so forth, there will be celebration. Yet, for those who support real alternatives to federal drug control policy such as legalization or decriminalization, all will be disappointed. And even if Obama officials will not refer to its drug control policies as a 'war on drugs,' they still amount to just that.
In the past, I've cited many reasons and sources that paint the "drug war" as ineffective and immoral. See, especially LEAP's videos here. Also see the powerful arguments raised by conservative Judge James Gray. Gray has commented that "the most harmful thing about marijuana is jail."In this post, I refer to John Richardson's shocking statistics: The amount we spend every year on the "drug war" is enough to pay for universal health care. The insanity goes on and on.
I am buoyed by the recent change in federal rhetoric, however. I am glad that many people (a large proportion of whom are in favor of the use of street drugs) are finding the courage to speak out against the status quo. I would hope that this is the beginning to the end to a failed policy that is based on shrill ideology that results in needless violence and stigmatization and the arrests of almost 800,000 people every year for marijuana charges.
In my opinion, one of the most direct and courageous statements on the "drug war" was made by travel guru Rick Steves:
The 50 percent divorce rate is really a myth. The 20-year divorce rate for couples who got married in the 1980s is actually around 19 percent. Everyone thinks marriage is such a struggle and it’s shocking to hear that marriage is actually going strong today. It has to do with how you look at the statistic. If the variables were constant, then a simple equation might work to come up with the divorce rate. But a lot of things are changing. And it is true that there are groups of people who have a 50 percent divorce rate: college dropouts who marry under the age of 25, for example. Couples married in the 1970s have a 30-year divorce rate of about 47 percent. A person who got married in the 1970s had a completely different upbringing and experience in life from someone who got married in the 1990s. It's been very clear that divorce rates peaked in the 1970s and has been going down ever since.
Have you been to the most spectacular tourist attractions in our solar system? If not, here's your chance, compliments of artist Ron Miller and writer Ed Bell at Scientific American. Packing the right clothes for these warm and cold locations won't be easy.
Here's a big page-full of well-presented optical illusions and paradoxes. Many of these are oldies-but-goodies, but there are more than a few that were new to me. Many of these are startling. The site offers succinct explanations for many of the illusions.
Related post:http://dangerousintersection.org/2006/12/08/optical-illusion-extravaganza/
And don't forget that we are subject to mental illusions too.
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