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Good news on the Montreal protocol: Humans really can get their shit together

Collapse scenario avoided:

U.S. and Dutch scientists credit the 193-nation agreement to ban ozone-depleting substances for avoiding nearly catastrophic environmental hazards.

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Damon's picture

"Let 'em hug their money." Indeed

Detroit Free Press columnist Susan Tompor pulls a reverse Marie Antoinette, for the win:

So let's get this straight, the only bonus most of us now get at the end of the day is a hug from a loved one. And guess what? We feel extremely blessed to get it.

But no hugs for the AIG executives. Let 'em hug their money.

There are no epic take-downs, or anything much that hasn't already been said, but I think "Let 'em hug their money" could have legs. She also brings up a good point about the toothlessness of applying the terms "distasteful" and "inappropriate" to these bonuses: Read below the fold...

Seed sales up 40% in Zone 5b

At least that's what I heard at the hardware store.

If you think this downturn is like previous downturns, that's one statistic you might check. If people didn't think they'd need to grow their own food before, then your models could be wrong.

Go read Galbraith's article at the link. Then read it again. He's got it right. Read below the fold...

geneo's picture

Alabama PACT: Every Answer Raises More Questions

Havealittletalk has pieced together a rough timeline of Alabama PACT investment manager hirings and firings since 2003, including information that makes us think Bear Stearns handled some of this money.

Unfortunately, details prior to 2003 are sketchy. If anyone can shed further light on this, I would appreciate it. I’ve got this on my list of things to look into with Lexis next week. Havealittletalk also has the best lead I’ve read all week:

We shouldn’t even need to have this conversation. The PACT isn’t an investment plan: it’s a purchased contract. It is because it says it is.

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Water, water everywhere... Well, no, actually, and many have no clean drinking water

Tina at The Agonist links to this Christian Science Monitor article which asks, "Is access to clean water a basic human right?" Guess where the US government stands on that question.

Government officials and leaders of numerous nongovernmental organizations and companies working on the water issue are meeting this week in Istanbul as part of the World Water Forum, which takes place every three years in a bid to shape global water policy.

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Caro's picture

Politics and Media Headlines 3/19/09

New York Daily News

House passes bill taxing AIG and other bonuses (AP)
WASHINGTON – The Democratic-led House overwhelmingly approved a bill on Thursday to slap punishing taxes on big employee bonuses from AIG and other firms bailed out by taxpayers. The vote was 328-93. “We want our money back and we want our money back now for the taxpayers,” said House Speaker Nancy Pelosi, D-Calif. Read below the fold...

Embarrassing admission: I forgot today is 6th anniversary of Bush's Invasion of Iraq

I didn't remember until I read Spencer Ackerman's post at Firedoglake, about Big Oil apparently getting its hands on as much as 75% of Iraq's oil.

Commenter eCAHNomics linked to Think Progress's post noting that few of the nation's newspapers noted the anniversary. Lots of good linkiness at the TP link:

...the New York Times, Washington Post, LA Times, Wall Street Journal, and many other major American newspapers are ignoring the anniversary today. Only USA Today printed a story noting the anniversary of the invasion.

Commenter Dogfather pointed out: Read below the fold...

Pelosi: Bailout billions are the issue, not bonus millions

Well said. More like this, please.

Start at 9:55. Read below the fold...

Torturing scum

Old windows, little greenhouse?

I've got a ton of old windows from when I put in the replacements, and, since we hit 50 degrees today, I'm wondering whether I can turn them into a low-tech A-frame greenhouse -- just by leaning them against each other and sealing the ends against the wind with plastic.

Maybe then I could start some seeds indoors (like now) and move them outside in a couple of weeks after they'd sprouted.

Thoughts? Read below the fold...

Dyspeptic view of Bernanke's policy moves from Karl Denninger at The Market Ticker

Bernanke Inserts Gun in Mouth. That may say it all.

I'm not savvy enough to determine how much of this is valid, and Denninger tends to the glass half empty going on full empty views...but I'd appreciate any input and reactions.

He recommends going "liquid" and having enough ready access to cash for 12-24 months' survival.

Folks, this is the most frightening statement I've read from the FOMC - ever.

Notice what's missing - the statement just a few days ago from Ben Bernanke in which he said that the economy would recover in early 2010, and the recession would end in late 2009.

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DCblogger's picture

You only think you have insurance

Susie at Crooks and Liars

Only the relatively healthy are happy with the present system, because the real problems begin when you actually use your insurance - and find out how little it actually covers. (Ever check out your lifetime cancer benefits?) No, people aren't really "satisfied" with their insurance - they're simply resigned to the idea that this is as good as it gets.

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Why are we talking about bankster bonuses, instead of criminal prosecutions?

That's a question that answers itself, isn't it? Yves:

Who were these people who wrecked AIG and other companies? How did it come about? And was the nature of their actions such that they should be permanently barred from the securities and banking industries?

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Citi spends $10 million of your bailout money on a new office for Vikram Bandit -- with "soft seating" and blast-proof windows!

Bloomberg:

Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank.

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A saner approach to marijuana policy

Times:

Attorney General Eric H. Holder Jr. on Wednesday outlined a shift in the enforcement of federal drug laws, saying the administration would effectively end the Bush administration’s frequent raids on distributors of medical marijuana.

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