Tuesday, May 14, 2013

Recent Catskill Review of Books Radio!

Latest CRoB with Bee Ridgway, re her genre bending novel!
http://rcm.amazon.com/e/cm?lt1=_blank&bc1=000000&IS2=1&bg1=FFFFFF&fc1=000000&lc1=0000FF&t=catskillrev00-20&o=1&p=8&l=as4&m=amazon&f=ifr&ref=ss_til&asins=0525953868

Last week's CRoB, on the cycles of modern history in Amsterdam with Pete Jordan
http://rcm.amazon.com/e/cm?t=catskillrev00-20&o=1&p=8&l=as1&asins=0061995207&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr 

CRoB podcast on wjffradio  EST Helene Wecker on her book The Golem and The Jinni

Up the IRS - Down the Spout with Tea Party!


Suddenly, hundreds of millions of dollars flow to influence elections and the anonymous donors claim tax exemptions for the organizations they use to launder the money they use to subvert Congress's clearly laid out campaign finance limits. It is of course outrageous.
But you would never guess so from this week's howls of outrage at the Internal Revenue Service for exercising due diligence and investigating the torrent of laundered political donations that flowed after the Supreme Court gave free speech to the dollar.
Almost as outrageous is how politicians once again leave conscientious public servants hanging in the wind for simply doing their job.
Unlike in Britain, where the ancient Charity Commission administers the admittedly arcane rules on what is and isn't a charity, in the U.S. this task falls to the IRS, since, after all, the main point of being a charity (a 501(c)(3)) is not to bask in a warm moral glow of do-gooding but to get the various exemptions from taxes. And technically, they do not get involved in politics.
However 501(c)(4) organizations can be more overtly involved in campaigning, albeit not for particular parties. Following the controversial ruling by the conservatives on the Supreme Court, such straw bodies can spend unlimited amounts in elections, masquerading as socially concerned quasi-educational bodies.
They do not pay taxes themselves, although their donors can't claim tax relief on the money they give but, perhaps beyond price, they can claim anonymity. It would be nice to think they were following the old Talmudic rule that an anonymous mitzvah is worth 10 times one with a name attached. But anyone who thinks that is the motivation should buy the lots I have for sale on the Big Rock Candy Mountain.
That anonymity effectively allows them to run riot through what is left of congressional attempts to ensure that people rather than money decide elections. It allows a few highly politically motivated individuals to infiltrate the political process like rats in the sewers of a city, out of sight.
It follows that the IRS should want to check that bodies claiming such fiscal privileges actually fit the bill. One can imagine the Right's outrage if the IRS let through the Trilateral Commission Fan Club without inquiry.
I have helped set up several 501 C 3 and 501 C 4 organizations, and the bureaucracy can be frustrating. But it is the IRS's job to check the credentials of organizations claiming tax privileges, and one could forgive a hapless civil servant who mistook the electoral circus round "the Tea Party" for political campaigns, since they clearly were. Some of them were actually for-profit organizations owned by individuals who were practicing the entrepreneurship they so fervently preached!
Indeed, after the Supreme Court's Citizens United ruling, the number of applications for such status doubled to over 3,000. Faced with a flood of new applications from organizations which, amazingly, often had Tea Party or Patriot in their titles, assiduous civil servants in the IRS scrutinized them to see if they were what they purported to be -- and whether they met the legal definitions.
As part of the familiar brush fire in the undergrowth of American politics, Senate Republican Leader Mitch McConnell called the IRS tactics "political thuggery."
He follows in the great American tradition of a media lynching for people who do their jobs, whether it is regulators at the SEC or TV people like Dan Rather for exposing the truth of George W. Bush's absentee war record, or Florida electoral officials for trying to count votes properly. And the one thing that is common is the unwillingness of leading Democrats to call out these fine examples of invisible imperial raiment because they are implicated in similar tactics themselves.
The response in Washington should not be going after public servants trying to stop adventurers avoid taxes -- but at the very least to change the law so that donors' names are made public in any organization that involves itself in the political process. In a democracy, people should stand up for their beliefs, not skulk behind anonymity.

Monday, April 08, 2013

Mrs T's Flawed Legacy

 A Floored Economy

By Ian Williams
The mainstream media epithet machine used to describe Margaret Thatcher for American readers as “the prime minister who privatized the loss-making state industries.” Of course she did no such thing. The enterprises she sold off made huge profits for the Treasury. BP was, after all, the state-owned creation of Winston Churchill and kept a constant flow of petropounds going into the Treasury. Selling it off to her friends in the City of London benefited its executives and shareholders but hardly the British public, let alone the US citizenry around the Gulf of Mexico.
Mark Twain said that while he wished no man dead, he sometimes read obituaries with great pleasure. I rather suspect that I will be denied even that enjoyment with the oleaginous brown-nosing that will surround the demise of Margaret Thatcher.
The woman contrived the collapse of Britain as an industrial power, squandering the windfall find of North Sea oil in the process and perhaps most reprehensibly helped erode the ideology of common welfare and concern that was consummated by the Labour government after World War II, which was after all, for most British people, the most significant achievement of that titanic struggle.
Less of a self-made woman than most obituarists will admit, she married well, to a millionaire who could support her in her political ambitions. To give her her due, she carved her way into an all-male chauvinist milieu with scrotum-crushing tenacity. She was determined and resolute in her ambitions. I was going to say strong-minded, but that would inadvertently have given her more credit than she deserved. Although undoubtedly more clued in than Ronald Reagan, with whose name she will be linked in death, I suspect that much of what the right see as ideological correctness was no such thing. Her motivation was not to dismantle the state so much as to ensure her continuing control of it.
She sold off public housing and stopped the programs to build more, not because she had deeply neo-liberal feelings that were offended by this intrusion of the state into the housing market but because she believed that doing so would break open what she saw as a Labour Party vote bank of council tenants, and convert them into property owning conservatives. In this and other respects she displayed a materialism and crude economic determinism that resembled the diehard factions of the Leninist left!
It was similar reasoning that I suspect impelled her break up of the great state-owned enterprises.   Coal, steel, railways, electricity and gas, were the stronghold of unions who not only had their fingers on the jugular of the nation but were the financial and political base of the Labour Party.  From her point of view, one cannot help but suspect this was a double whammy perpetrated on her political opponents, since the sale of the shares, she hoped, like the sale of public housing to its tenants would create a huge new voting population of conservatives.
It is worth remembering that she also introduced a poll tax to replace the local government property taxes, almost certainly with the aim of driving poorer, and as she saw them, natural Labour voters off the electoral rolls.
To her credit, in the same astute political vein, she forbore to privatize the National Health, not because she was attached to socialized medicine, but because she knew who her own voters were, just as they liked British Rail, which was left for John Major to privatize with disastrous fiscal consequences.
Despite all these measures, and despite the florid encomia now covering her pall, Margaret Thatcher never won a majority of the popular vote. Her arrival and stay in Downing Street owed much to her opponents. The Labour Party was tied up in sterile political arguments with ambitious politicians defecting to found the Social Democrats who later merged with the Liberals. It was that bloc of popular votes which deprived opposition Labour of the votes necessary to win elections. In each election a clear majority voted against Margaret Thatcher and her Conservative Party.
On foreign policy, it was her penny-pinching, withdrawing niggardly sums from, for example, the British Antarctic Survey, which sent the wrong signals to the Junta in Argentina and led to the invasion of the Falklands. She did indeed display courage and resolution in repelling that invasion, but fixing something she broke herself should dull the glow of that triumph. Indeed her defense cuts would have made the same operation impossible a year later!
That obduracy could be ugly - as when she gloated that she had bullied the Commonwealth’s and other heads of state into accepting only the most rudimentary token sanctions against Apartheid. On the other hand, she deserves considerable credit for persuading Reagan that Gorbachev was serious about detente. There were few others with the conservative credibility to do that.
She was not nice, not popular and a person of narrow but tightly focused vision. But her flawed legacy lives on, mesmerizing, for example, Tony Blair.  Apart from the pious politicians, one suspects that sackcloth and ashes will he hard to discern on the streets of London, that in pubs across the former industrial heartland of Britain, many pint glasses will be raised in tasteful celebration.
                                                         *****
                                                         *****
Ian Williams is the founder of Deadlinepundit Ltd, a public affairs media consultancy.

Friday, April 05, 2013

White person for the job?

White person for the job?

Ian Williams suspects a fox in the henhouse



When I was a teenage schoolboy, I had an evening job selling what were essentially phony ‘charity’ pools coupons door to door.

Only a homeopathically diluted amount of the cash went to any kind of charity, but I made a lot of money in commission – and it was tax-free to boot! I discovered I could pitch my rhetoric perfectly to evoke people’s compassion and consideration.

Mesmerized, they reached deep in their pockets to enrich both my schooldays and the sordid tricksters who had invented and fine-tuned the operation to stay within the law.

Many decades later, I still occasionally wake up in the night with twinges of conscience about those youthful misdemeanors. As a result, I am indulgent to penitent sinners, mindful that John Newton, a notoriously profane slave ship captain, later wrote Amazing Grace about how repentance saved a wretch like him.

Being somewhat bearish on divinity stocks, I am stuck with my unredeemed guilt feelings. And unlike Captain Newton, I never really faced a storm at sea with the threat of drowning to convert me.

The news of Mary Jo White’s nomination as SEC chair provoked comments about revolving doors and poachers turned gamekeepers, as well as frequent recollections of former US President Roosevelt’s wry comment on his appointment of retired bootlegger and city boss Joe Kennedy as the first SEC chair: ‘Set a thief to catch one.’ Amazingly, I haven’t yet seen ‘Whitewash’ used, but feel sure I will.

Mary Jo White spent many years with Debevoise & Plimpton, a cohort of Wall Street’s legal shock brigade that has been helping corporate America defy the plain intent of the law; who knows, it might even have drafted the famously Clintonian quibbles about the meaning of the word ‘is’.

This is the group that has successfully ensured nobody responsible for fraudulently mispackaging or mis-selling mortgage bonds and bringing the globe to the edge of corporate Armageddon has faced prosecution, let alone sentencing.

Informed commentators on the SEC have dourly compared the trickle of money federal employees get to plug the holes in the legal dykes with the floods of cash that go to those who conspire to breach them. By contrast, working for the US at this level is a thankless task.

Typecast as a greedy featherbedded bureaucrat by the media, furloughed by Congress and under constant malign scrutiny from lobbyists, a civil servant’s job is not a happy one. Far from backing the SEC, for years now legislators have tried to stop it carrying out its clearly legislated duties, such as implementing Dodd-Frank.

Is it better to have as SEC chair someone of impeccable reforming character, whose confirmation the Conference Board and its minions in Congress will fight to the finish? Or someone who knows her stuff whom they will let through unopposed?

So far, the usual Capitol Hill suspects have maintained an uncanny discretion about White’s possible appointment. If they were being clever, one would almost expect some feigned horror beyond the occasional evocations of White’s time as prosecutor to provide more cover for the appointment.

Maybe the naysayers have it wrong. I can’t help having a soft spot for White. She did take on Donald Trump, the heir apparent of blustering failed entrepreneurship. Who knows, she might use the dam-busting skills she acquired more recently as a corporate attorney and wield the same prosecutorial zeal she previously used against the Cosa Nostra.

Wall Street will not hurl her headlong into the East River with a fish in her mouth if she does, but it would mean she could kiss goodbye to future directorships.

That said, her earnings on Wall Street should have provided her with the war chest she needs to eke her through the famine years of zealous federal service. White could hit the headlines in a way none of the gray SEC eminences of the last decades have.

Friday, March 22, 2013

Catskill Review of Books Friday 22 March Wall St

 This week's Catskill Review of Books features Jonathan Macey about his book "the Death of Corporate Reputation" a devastating and readable critical analysis of Wall St.

https://www.dropbox.com/s/1bj4omou6jb7orz/Jonathan%20Macey.mp3


http://rcm.amazon.com/e/cm?t=catskillrev00-20&o=1&p=8&l=as1&asins=0133039706&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr



The Catskill Review of Books
3:30 pm  every Friday on WJFF 90.5 FM
http://www.wjffradio.org
http://www.thecatskillreviewofbooks.com
http://www.linkedin.com/in/iangwilliams

Eco-Terrorism Can Be Fun

Here is Friday's  Catskill Review of Books show, broadcast 3:30 EST
in which I interview Robert Ferrigno about his new book, The Girl Who Cried Wolf

https://www.dropbox.com/s/tmuf7721d1egso0/ferrignowolf.mp3

http://rcm.amazon.com/e/cm?t=catskillrev00-20&o=1&p=8&l=as1&asins=B00BHLO8JA&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

The Catskill Review of Books
3:30 Every Friday on WJFF 90.5 Fm
http://www.wjffradio.org
http://www.thecatskillreviewofbooks.com
http://www.linkedin.com/in/iangwilliams

A Modest Proposal! UN and Israel


I was in an Irish bar with Mo Sacirbey, the former Foreign Minister of Bosnia, when a local woman who had overheard us talking about the UN launched into an intemperate tirade against the organisation. Oddly enough, it inspired a modest proposal for the UN and Israel Lobby to work together for a swift response to the US budget crisis. But first, some background. In Blazing Saddles, one of the funniest films ever made, the black sheriff holds himself hostage at gunpoint. This improbable scenario is now being enacted on Capitol Hill. To get a budget agreement Congressional leaders signed a pact that would bring about “sequestration” - deep across the board cuts in Federal spending - including for that Republican Shibboleth, the Pentagon, which they hoped would force Congress to deal.

Fully aware of the voting proclivities of pensioners, the authors of the deal agreed that sequestration would not affect Social Security and Medicare the old age pension and medical programmes, which, technically are pre-paid from previous pension contributions and not part of the budget, although Republican die-hards keep circling them while sharpening knives.

Alas, the framers of the economic suicide pact underestimated the ideological obduracy of the new Republicans, so at a time when the economy teeters on the brink of recovery Federal spending cuts begin, laying off workers and stopping hiring new ones. The Obama administration is, understandably, talking up the consequences. Like  Blazing Saddle’s Sheriff Bart (played brilliantly by Cleavon Little, by the way) he is dealing with idiots, in this case the GOP economic illiterates.

It will indeed have an inhibiting effect on the economy, but the heavy spending cuts would be way down the line. The defence programmes are already committed which is why Boeing its peer companies are not already strafing Capitol Hill.

But then in ride the hobby horses.  The Israel Lobby is trying hard, but discreetly, to ensure that the steady torrent of cash from US taxpayers to its favourite state continues unchecked through the sequestration. Traditionally the Lobby hid behind the Foreign Aid budget as if food for starving refugees were in the same category as phosphorus shells for the IDF. But some of its supporters now want to decouple to connection.

“Despite ongoing budget woes, it is critical that the United States live up to its aid commitment to Israel,” AIPAC states. “As our one reliable Middle East ally, Israel serves critical national security objectives. Any reduction in that aid would send the wrong message to Israel’s — and America’s — enemies.”

It sends a message to US voters as well which is why wiser souls who support Israel want to keep their heads down, since taxpayers who do not have a national health service and free higher education might cavil at shovelling their money as aid to a state that does - and which uses the aid to defend settlements that Washington opposes!

And so to my proposal. An odious, albeit ironic comparison of aid to Israel and dues to the UN as a packaged, essential public-diplomacy exception to the sequestration. While most countries regard United Nations dues and peacekeeping contributions as treaty-bound obligations, the US Congress treats them as discretionary items, ever since they began, half a century ago to penalise the organisation for its votes on, of course, Israel. Under Bush’s second term and under Obama, the US has essentially been paying up without too much demur, which is just as well since peacekeeping operations in places like Mali depend on a flow of contributions from richer countries, above all the US which is desperately interested in Saharo-Salafist affairs.

Listening to the rabid pro-Israeli supporters among local New York politicians, this might appear to be a stretch, since antipathy to the UN is in their ideological chromosomes. But in contrast to their local supporters, Israeli politicians assiduously court the organisation. Secretary General Ban Kimoon welcomes them when they visit New York - even though his public statements forcefully repeat the official UN lines on, for example settlements and Gaza, that the American lobbyists would punish any American politician for. But Ban has a rare talent for understated diplomacy that allows him to speak truths and to keep the Israeli pols coming - albeit probably helped because they can do some fundraising of their own in New York while visiting the UN on official business but also because they have a talent for not listening to advice from outsiders anyway.

Such a tie in would neutralise the bloc that does most harm to UN financing in DC and do no harm at all, since just as it has always done,  in the end, AIPAC will get its money even if kids go hungry in the USA,




Monday, March 11, 2013

CEO's, the new Robber Barons




Comment: The CEO is always right in Delaware

) | 6 Feb 2013  Investor Relations magazine  | Print

It should be shocking there is no national company law in the US



An innocent alien looking at the business directory for Wilmington, Delaware might assume the town is a mighty humming hive of industry, whose citizens multi-task to the max. One building alone – 1209 North Orange Street – is home to more than 6,500 corporations and is the address of more than 200,000 businesses.

Wilmington’s 70,000 people have to operate almost three corporations per person from each one of the city’s buildings. Some of the corporations ‘in’ Wilmington probably employ more people globally than the 750,000 residents of Delaware; many of them do not employ a single person in the state. It brings to mind the old medieval quiddity of how many angels can dance on a pinhead: it seems an infinite number of companies can ‘work’ out of one building. It is time to take a step back.

On reflection it should be shocking that there is no national company law in the US. We talk of corporate governance and shareholder capitalism, but the US is completely Balkanized in its corporate legal frameworks. Actually, that’s unfair to the Balkans: as countries accede to the EU, their company laws have to adhere to minimum European standards, which are generally quite high.

It has been argued that in the US, the 50 states with their quasi-independence offer a social laboratory where different political and economic ideas can flourish. In fact, it’s a race to the bottom – which is situated just north of the nation’s capital, in Delaware.

Apart from the opacity of the ownership of Delaware corporations – by comparison with which Liechtenstein and the Cayman Islands look like temples to transparency – the real issue is the pernicious reinforcement of the overweening power of corporate executives that decades of Delaware governance has wreaked.

Its judges rule against employees, shareholders, pensioners and consumers alike. Its negation of anti-usury laws common in other states makes the plastic capital of the US the state that grasping credit card companies like to call home. That in turn makes it a major contributor to the house of cards that recently collapsed.

Litigation in Delaware takes place in a Chancery Court, which is one of the more recondite branches of Anglo-Norman law, famous for centuries of obscure decisions invoking even more obscure precedents to deliver the verdict the judges’ prejudices demand. Delaware, however, sells itself on the speed of its judgments – and its reliability: the CEO is always right. Sometimes there is a contest, when there is litigation between companies, but the only question then becomes: ‘Which CEO is right?’

The founding fathers were generally very dubious about corporations, seeing them as shifty boondoggles set up by shysters such as Aaron Burr to make themselves rich. Maybe that reluctance was one reason they were not mentioned in the US Constitution, but have now, as we know, been retrospectively palimpsested into that document by a tortuous line of reasoning from the 14th amendment that sought, unsuccessfully, to guarantee ex-slaves equal rights. Corporations’ present personhood guarantees them perpetual impunity: they can claim almost all of the prerogatives of citizenship except the susceptibility to punishment.

But if ever the Federal government had a hook to grab, it is surely regulating companies that deal nationally, in interstate commerce. Surely there is nothing constitutional to stop Congress requiring any corporation operating in more than one state to abide by basic minimum standards for its governance and conduct.

In the meantime, perhaps, whoever moves a company HQ to Delaware should be prosecuted under some form of the Mann Act: transporting corporate people across state lines for immoral purposes. Certainly, shareholders should assume the worst of any CEO who makes such a move.

Friday, February 22, 2013

Haggling over Hagel

Tribune,

Ian Williams Friday 22 2013

Republican Lunatics would Destabilise the Whole System


Faced with the likelihood of fierce Capitol Hill battles to nominate members of his own party, Barack Obama sneakily nominates Republicans. It should send a message to the President about the perils of so-called bipartisan politics. Offering a hand to some Republicans is like putting it in a tank of hungry piranhas. His conservative opponents live down to their increasingly bedraggled reputation. The Republican right is holding up the confirmation of Republican former Senator Charles Hagel as Secretary of Defence, as well as that of John Brennan, the somewhat reactionary nominee waterboarding accomplice, to head the CIA.

Mark Twain once said: “Imagine, if you will, that I am an idiot. Then, imagine that I am also a Congressman. But, alas, I repeat myself.” Present Senator and former presidential nominee John McCain’s part in the plot shows how even the few reality-related Republicans are now held hostage by the lunatic fringe. McCain had considered war veteran Hagel for his own cabinet when he ran for President, but did not fall over himself to show public support. The CIA director’s job was held hostage by Republican determination to somehow shift the blame for the killings of Americans in Benghazi from al Qaida to the administration. For that, they were prepared to cripple the agency which they claim is the front line defence against terrorism.
In American politics, one can never be sure which particular combination of sincerely held but totally wacko political ideology and craven or naked self-interest motivates legislators. Voting to stall Hagel makes a certain degree of career sense for legislators with expensive election campaigns to worry about, no matter what the cost to the national interest.

Hagel is accused, effectively, of being rational about Israel, Iran and Iraq, when so many of his colleagues were so easily stampeded into voting for a blank cheque for Benjamin Netanyahu. For those who castigate Obama as a sell-out for nominating a Republican, it is worth remembering that Hagel is far more rational on issues in the Middle East than many Democrat legislators who happily supported the Iraq war and sign on for resolutions calling for United States support for an Israeli attack on Iran. Since the Republican-dominated Supreme Court effectively overthrew all campaign cash restrictions with its “Citizens United” decision – that corporations had all the rights of human beings – there has been a further element of irrationality. Outsiders could never quite get their heads round the subtlety of the American concept that corporations handing over cash to an elected official in the expectation of favours was bribery, but that bundling large amounts of cash to the same person for campaign expenses was public-spirited support of the democratic process. The “Citizens United” decision opened the floodgates. There were some eccentrically right-wing organisations putting money into American politics before, but now crazed rich individuals can ride their political hobbyhorses around the ring. In training Washington DC’s large donkey population, they use both a carrot and stick. The implied threat is not only how much money they gave a candidate, but how much they could concentrate behind the contenders against anyone who stepped out of line. It is symbolic of this ideologically inspired dysfunction that deranged minorities have stopped the US from signing United Nations conventions like that on the Rights of the Child (Somalia being the only other holdout), the Law of the Sea, even though the Pentagon wants it, and the International Criminal Court, even though the US supports its work in other countries. A tiny minority have held up ratification.

Just as the party of Abraham Lincoln is now in thrall to the former Confederacy, the rabidly right-wing heirs of the Ku Klux Klan and the John Birch Society, once tainted with anti-Semitism, are now burning crosses along with loony Likudnik billionaires. However, Obama’s apparent timidity might shroud a shrewd appreciation of the American political system. He lets his opponents commit psephological seppuku on the public stage while he advances his pragmatic agenda. It is not his fault that what are major strides forward for the US are but faltering steps to others in the industrialised world, but in the face of Republican lunacy and conservative Democratic cowardice , any progress at all is a minor miracle.

Tuesday, January 22, 2013

Down With Delaware!


Comment: Forward to the next quarter-century of stakeholder value

Comments (0) | 14 Dec 2012 | RatingRating (-1 to +1): 0.0 | Print

Ian Williams calls for a change in IR focus over the next 25 years



As IR Magazine reports on its Q1 (first quarter-century), the profession it covers surely stares redundancy in the face in Q2, becoming more a case of investor relativity than investor relations.

How do you ‘relate’ to a transitory blip on a trading screen churning at near light speed? And at the other end of the velocity spectrum, how do you deal with an index fund that will yawn at whatever you say and only move when you get on or off a list?

During IR Magazine’s quarter-century, the role of investor relations has seen momentous changes – and I’m not just talking about the obsolescence of the fax, even though a little over a decade ago most IROs thought life was inconceivable without it.

There is a shrinking universe of stock held by ‘interested’ shareholders – people who have bought into a company and what it does, as opposed to those who have just taken an option on a trading opportunity.

Interestingly, though, within that diminishing population of stockholders, the proportion of those who take an active proxy interest in companies appears to be growing.

It’s good to talk

The best IROs see themselves as two-way communicators, telling management what the shareholders want while briefing the latter on the state of the company.

The cold reality, however, is that while, technically, shareholders might pay IR departments’ salaries, it is the CFOs and CEOs who sign the checks. Hardly surprising, then, that even the most conscientious IRO’s agenda should reflect that of the executive team.

Which raises an interesting question: will IROs in future be concentrating on votes, trying to head off challenges to ‘their’ executives from the theoretical owners who are getting increasingly uppity with each passing proxy fight?

There should be some inner ethical wrangling there. IROs tend to be well rounded and aware, almost Renaissance figures in the breadth of their knowledge and the scope of their activities.

Could they sleep easily while spending their waking days defending incompetent and overpaid executives against the concerns of the real owners of the company?

A better employment guarantee for the future of IR is to expand its audience to include those who invest their lives in companies. As shareholders march on corporate castles with torches, tumbrels and pitchforks, arguing whether ‘tis better to bury CEOs at the crossroads with stakes through their hearts or to burn them at the stake, the question that arises is, ‘What about the stakeholders?’

Dumbest idea in the world

For example, it would have been an admirable learning experience for Jack Welch to explain to GE employees his ideas of what constituted good management before he axed 100,000 of them.

If he had had to do so, it might not have taken him until 2009 – a full eight years after he had left the company – to argue in an interview with the Financial Times, with characteristic vigor but less-than-charasteristic philosophy: ‘Shareholder value is a result, not a strategy… Your main constituents are your employees, your customers and your products. On the face of it, shareholder value is the dumbest idea in the world.’

It was, of course, Jack ‘the Ripper’ Welch who 30 years ago invented ‘shareholder value’, which acted as a form of plenary indulgence for getting managements out of Purgatory afterwards.

And for too long IR has overemphasized selling management’s fevered visions to the stockholders and raising the stock price while ignoring the main consequence, which is that the CEO’s emoluments increase regardless of how well the company does – in the case of Welch, even after his retirement.

Accompanying this managerial aggrandizement has always been a pious invocation of executive duty to the shareholders as the sole owners with fiduciary interest in the conduct of a company, even though in reality it has usurped stockholder power and looted companies.

The bitter rearguard battles in courts and Congress to stop or dilute say on pay are eloquent testimony to that, not least because they involved using shareholders’ money to subvert shareholders’ rights.

This model has failed companies and destroyed countries, as Welch seems to have realized now he is no longer a beneficiary. As the Harvard Business Review, publisher of the Legatum Prosperity Index, points out: ‘For Americans, the headline is a simple if unwelcome one: the US is a nation in decline. For the first time, the US does not rank among the top 10 countries in the world in terms of overall prosperity.’

A downward spiral

In every measure of satisfaction distributed across a population, the US has been sliding down the scale, as indeed has its close emulator the UK.

The UN Development Programme’s Human Development Index, the World Bank’s index and many others all record the inexorable Anglo-Saxon slide down the rankings. Even on productivity, the US is falling through the ranks.

It is surely no coincidence that all the countries passing the US and the UK in the fast lane share a prejudice that there is more to success than ‘shareholder value’.

The list is interesting. Apart from Canada, Australia and New Zealand, which all have union movements and a social democratic tradition of regulation and worker protection, the other eight countries are European and go beyond that: they provide for employee representation on boards of companies.

This is a far cry from how they do things in Delaware, but it makes sense. These European employees are stakeholders in every sense of the word: their input, investment and interest in the company are far broader than those of a transitory shareholder whose ownership might only be a twitch of electrons in a silicon chip.

Indeed, through pension funds, mutual funds and even direct holdings, many employees are stakeholders in the specific terms that even US corporate law accepts.

It must be true, as Welch told the FT so: ‘The idea that shareholder value is a strategy is insane. It is the product of your combined efforts – from the management to the employees.’

People in IR, the future is at stake! In Q2, there should be no slack for corporate looters!

Left Right, Left Right.

 Letter from America TRIBUNE,
25 January 2012
 IAN WILLIAMS

The conservative right has some old leftist failings

 The United States invented the loyalty oath, inflicting it, ironically, on the loyalists who had had the temerity to disagree with the founding fathers. In fact, proportionately more Americans fled the 13 ex-colonies after 1776 than Russians and French left their countries after their revolutions. In a similar form, for much of the 20th century, the left made various shibboleths a test of authentic “lefthood”, whether support for the nationalisation of assorted numbers of companies from 50 to 500, support for Provisional IRA terror, support for gay marriage, Cuba and Hugo Chávez. Such “support” was, and usually still is, inconsequential in its practical effects on its subjects.
 The issues might have more tangible reality than Gulliver’s Big-enders and Little-enders warring about which end to begin a boiled egg, but the real purpose of declarations like this is not to change the world but separate the pure in heart from the thought-criminals and to reinforce the collective identity of the former by presenting a common foe. Such tests are not nuanced; they are intended to divide, not grade. The American right has now totally adopted this old leftist habit. For the past decade, the Republican Party’s conservative activists have had a list as long as the Lord High Executioner’s. Complete opposition to abortion, to teaching evolution, gay marriage, to any tax increases at all, to any cuts in defence expenditure and most recently and (one hopes suicidally) to any controls at all on the sale or ownership of weapons of mass murder.

That many of these tests are mutually exclusive in the real world matters not one jot. The cynical swine who manipulate these issues are trying to mobilise donations, on the one hand, and a broad mass of activist nutters – “the wackos”, as one lobbyist described them in the case of Jack Abramoff, that, unusually, resulted in a six -year sentence for corruption. Abramoff’s lobbyists had enlisted the evangelical right, “the wackos”, to stop the extension of gambling to riverboats in the south, evoking the morbid fundamentalist sense of sin. But, in fact, the fundamentalists were duped into acting on behalf of the Indian tribes who wanted to maintain their monopoly on legal gambling and were prepared to pay Abramoff big dollars to do so.

 In the current context, the National Rifle Association invokes the United Nations as a threat to American sovereignty and gun-owners’ rights, not because there is any substance whatsoever for such allegations, but because it acts as an adjuvant in a vaccine, adding the conspiratorial fervour and energy of American xenophobia to the gun lobby’s efforts. Indeed, perhaps the only thing saving the UN from more such outpourings is that it is easier to harness the bile of the many Americans who hate Barack Obama because he is black – which is, of course, true – but also that they see him as a foreigner, a Muslim.

Last weekend was Martin Luther King Day in the US, as well as President Obama’s inauguration say in Washington DC. While both stand as a symbol of progress, we can be sure that the American media will not dwell on King’s real record as a democratic socialist, a supporter of unions and strikes and an opponent of the Vietnam War, let alone as the victim of FBI spying. That Americans celebrate such days is a sign of progress, but when you look at how many Americans believe three impossible things before breakfast, and even how the media lionise politicians who should really be in a padded cell rather than voting in the chambers of the US Congress, you have to wonder.
It would be difficult to pin down precisely the cause of this tide of irrationality that we hope has now reached a peak, but a major contributing factor has to be Rupert Murdoch and Fox News, which has succeeded in bringing into the mainstream views that had hitherto been regarded as deranged and outlandish. The good news is that, in the long term, enough Americans are dismayed enough by such ravings to turn out to vote against them. We can hope that the conservative ideologues have won the party but lost the country.

Sunday, January 06, 2013

Catskill Review Radio Shows!

Tonight 7 pm EST, WJFF, I interview Richard Lingeman about his book Forties Noir re era when New Deal became Cold War
http://rcm.amazon.com/e/cm?t=catskillrev00-20&o=1&p=8&l=as1&asins=1568584369&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr…

https://www.dropbox.com/s/7ax6atscdza1cnm/sterba.mp3
29 December
Up on
Ian Williams talks to Jim Sterba about "Nature Wars" his book on the woods, and animals, returning and surrounding so many people

http://rcm.amazon.com/e/cm?t=catskillrev00-20&o=1&p=8&l=as1&asins=0307341968&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

22 December This week Ian Williams talks to Scott C. Davis, publisher and author about Syria
https://www.dropbox.com/s/i00jv27p0zu33a6/Scottdavis2.mp3

http://rcm.amazon.com/e/cm?t=catskillrev00-20&o=1&p=8&l=as1&asins=1614570019&ref=tf_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

15 December Ian Williams talks to Alex Marshall on how inorganic a market is!
https://www.dropbox.com/s/jleridrfmwf51d2/marshall.mp3

"http://rcm.amazon.com/e/cm?t=catskillrevie-20&o=1&p=8&l=as1&asins=0292717776&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

8 December

Leonard Cohen's bio by Sylvie Simmons.

https://www.dropbox.com/s/85zxkw47cp2fgt3/simmons.mp3


24 November
https://www.dropbox.com/s/oewnps5mybzs5hl/dileo2.mp3

Ian Williams talks to John Dileo about his latest book for silver screen aficionados

http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=1601826567&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr


17 November Up this week interview with Robin Lamont
https://www.dropbox.com/s/96dzion2go1c0gu/robinlamont.mp3
about her book Wright for America  http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=0985848502&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

10 November https://www.dropbox.com/s/rflpa9l3dfio7jl/Hogeland2.mp3
Bill Hogeland on Founding Finance, on how the Tea Party and Left unite in error

http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=0292743610&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

3 November https://www.dropbox.com/s/jn80fl5bdy2rj5g/robbins.mp3
Charles Robbins praises Primary Colors, but points out that it is an outsider's view of politics... in "The Accomplice" we have an insider view since Charles worked on Tom Daschle's campaigns...
Up on audioport \http://audioport.org/index.php?op=program-info&program_id=54437&nav=&


27 October
Alyssa Harad on perfume for feminists! https://www.dropbox.com/s/b9mg7wpw892kirh/alyssa.mp3 “Coming to My Senses”

http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=0670023612&ref=tf_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr


13 October
https://www.dropbox.com/s/j3jcbhlzmroh9c9/kofi.mp3

CRoB interviews former UN SG and Syria envoy Kofi Annan http://audioport.org/index.php?op=program-info&program_id=54231&nav=&

http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=1594204209&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr
www.wjffradio.org/parchive/m3u.php?mp3fil=22843791

6 October
this week's Catskill Review of Books, Ian Williams talks to ex contractor in Balkans Albert Ashforth about his novel The Rendition, great thriller with authentic geopolitical background and tradecraft https://www.dropbox.com/s/o8eob8kv5zj2f5m/ashforth.mp3

http://audioport.org/index.php?op=program-info&program_id=54033&nav=&


http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=1608090590&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

29 September

https://www.dropbox.com/s/nxers0ogwshy67n/Ujifusa.mp3

this week’s Catskill Review of Books Features Steven Ujifusa about his book that reveals the industrial, political and economic history of the last century through the battle to build the SS United States.

http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=1451645074&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr


22 September WJFF CRoB
https://www.dropbox.com/s/e5p3ryf0hr1y7tf/kraus.mp3 I interview Jerelle Kraus about her new book on censored Op Ed art from the NYT oped page -not to mention her meeting with Nixon!

http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=0231138253&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

15 September https://www.dropbox.com/s/8iix8ypwkpci4gx/hill.mp3
BDSM author Joey Hill discusses the genre and the effect of 50 Shades of Grey on publishing. family relations and the world!

http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=B0072HDPQ0&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

8 September Up this week on https://www.dropbox.com/s/8iix8ypwkpci4gx/hill.mp3
This is repeat since Ian was rushed to hospital. Now out and catching up

But Madiline Miller is on tour since the prizewinning book is just out in paper back.

<iframe src="http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=0062060627&ref=tf_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="width:120px;height:240px;" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe>




Saturday, January 05, 2013

Ian Williams on Fiscal Cliff

http://www.presstv.ir/usdetail/281941.html

Even English Speakers have the right to self determination!


 I declare war on trite nationalist/allegedly socialist sloganeering.

http://www.presstv.ir/detail/2013/01/04/281775/us-colonialism-shored-up-in-latin-america/default.html

Saturday, December 08, 2012

Scapegoating and SGing.

When you need friends to help you on your way

Tribune 1 December 2012


Ian Williams

 United Nations SG Ban Ki Moon has often quipped that the acronym for his title, SG, stands for “Scape Goat”. Events both in Goma in the Congo and the kickback over the recent Sri Lanka report could reinforce that feeling. They certainly highlight the weaknesses of the international organisation.
 The UN can only function if its member states want it to. As Ban’s predecessor as Secretary General, Boutros Boutros Ghali, used to lament, the UN has no army of its own. It relies on others to provide troops, whose professionalism is not always guaranteed. Nor it just a case of developing world contingents not caring to risk themselves. The troops who seem to have acted as traffic cops for the Rwandan rebels who took over Goma bring back sad memories of the Dutch contingent that handed over Srebrenica to Ratko Mladic and his thugs.
 Rwanda has achieved a sort of historical symmetry all of its own. The previous murderous government was actually sitting on the UN Security Council while the latter was being totally ineffectual over the mass killings of Rwandans. Now, while a UN report blames Rwanda for effectively running the M23 rebel group that has just taken Goma, the country itself is preparing to resume a seat on the Security Council in the New Year. The recent elections to the Human Rights Council manifested the same UN problem, in which almost all the regional groups but particularly Africa, operate on the Buggins’ turn principle which avoids elections and results in completely inappropriate candidates being appointed unopposed. The results are appalling.
 One might have mixed feelings about Venezuela’s Bolivarian record – but Hugo Chávez’s government consistently supports murderous regimes against international scrutiny, while Ethiopia and Kazakhstan, also elected unopposed, have abysmal records in their own right.

Sri Lankan diplomacy has always been masterful in its cultivation of international allies. Prominent among the non-aligned, it maintained relations with all sides during the Cold War and still does now. So its conduct of the war against the – admittedly unsavoury –Tamil Tigers has been ignored by most other governments. The UN found that, in the closing days of the war that defeated the Tamil rebels, there were indeed war crimes committed, but among member states no one has a dog in the fight, in former US Secretary of State James Baker’s memorable phrase.
The UN Security Council refused to take action about the unfolding disaster, since no members seriously wanted the issue raised. After all, even nations which used to talk about human rights had decided that the importance of war against terrorism overshadowed mere details like human rights. In Sri Lanka, various UN agencies repeated the Sarajevo syndrome.
 As long as the perpetrators allowed some humanitarian aid through, why would they consider human rights an issue? In response to human rights groups, the UN set up a Panel of Experts, which detailed the wholesale violations of international law by both sides. When Sri Lanka refused to investigate the allegations in any meaningful way, Ban went ahead with yet another inquiry into what the UN should have done.
 The government of Sri Lanka has blustered since, and its supporters want to know why Ban had the temerity to keep the issue alive instead of burying it at the crossroads – or wherever the tens of thousands of disappeared Tamil civilians ended up. In the meantime, there has been the deafening sound of silence from the member states, which did not discuss the issue in the Human Rights Council, the General Assembly or the Security Council while it was going on and have shown no great eagerness to push the issue since.

 With the United States vetoing a statement simply calling for a ceasefire in Gaza, and Russia and China still providing diplomatic cover for Bashar al-Assad’s bloodshed, it is perhaps hardly surprising that Sri Lanka feels entitled to bluster against Ban and the UN for his persistence in asking the country to honour its own promises to investigate. To his credit, Ban has stood his ground on all those issues. To their discredit, the so-called great powers on the Security Council have ignored him and the victims Whenever they deem it expedient to do so.

Tuesday, November 27, 2012

Mature Philosophy!


GP Libations No. 3: Aging Spirits


  
 A PHILOSOPHICAL QUESTION: Given a choice between the Mona Lisa and an identical copy thereof, which would you prefer? Understandably, albeit perhaps illogically, most of us would select the original. In a similar vein, we prefer a fine spirit that has actually been aged a quarter-century over one that merely tastes as though it has been.
For generations, aging has improved, not lessened, the attractiveness of brown spirits. The oak barrels in which they’re stored transmute them, making them richer and smoother. Cognacs, dependent on judicious balancing of different years, are stuck with “VSOP” and other subjective designations to indicate their age. Whiskeys, though, stick to clearly defined rules and straightforward numbers. The general consensus: Older is better.
Well, maybe. Accepted industry wisdom used to be that anything that spent more than 25 years in a cask would be undrinkable. Then cellar masters at The Macallan discovered a cask that had been hiding in the back of a cold, damp warehouse for 53 years. It was, they discovered, very, very good. What’s more, collectors were eager to pay a premium for it. As such, Appleton has just introduced a 50-year-old at $5,000 a bottle. Island rum producers, meanwhile, have introduced a truth-in-labeling regulation that will require bottlers to list the youngest rum therein. Authenticity costs.
Other companies have been somewhat more cavalier about age — particularly those from the Spanish Main, who claimed anything up to 20-plus years. Havana Club, for example, has told me its ages are uno medio — an average. The rum producers’ labeling law seems to have shamed some of the Hispanic bottlers: Many of them still use numbers, but without “years” or “aged for” alongside.
I’m a firm believer in authenticity, so I can now stop denouncing consumer fraud and admit that these spirits are as good as, and often better than, those that are simply stored in barrels for a long time. The rums, for example, are made according to the solera method, in which the cellar master decants the rum into different barrels and blends it with different ages. It’s labor-intensive, but not especially time-consuming.
As ever, it all comes down to the consumer. You can purchase a spirit whose authentic age is listed on the bottle, but whose quality might not live up to its billing. Or you can seek out those that have benefited from true artistry and therefore hit all the notes of an aged spirit despite being relatively young. You need not wait decades to enjoy a superb spirit — and you can spend the extra time philosophizing as you sip.  - IW
MoS ARCHIVES
[Opening photo + The Macallan Bottle photographs via The Macallan + The Macallan Masters of Photography photos by Albert Watson + Cognac photos via Sig
Posted on October 29th, 2012

Monday, November 26, 2012

Paper toiletries shaping the modern world.


Speculator Column IR Magazine, November 2012
A measure of madness in modern systems
 Ian Williams

Finance has units and premises that make even astrology appear ultra-scientific

   

We sometimes find, on further investigation, that what we thought was solidly based science is based on foundations of jello. Take the metric system used in all our physics, chemistry, biology and cosmology: it was based on a false premise – that the earth is spherical and fixed in its dimensions.

Back in the day, methodical French scientists measured the distance from the pole to the equator, based on the angles of the sun at midday, and divided it by 10 million. Et voila, messieurs! Le mètre!

In fact, the earth is not spherical and it changes shape and size over the seasons; but this misconception is the basis of the whole system, along with the seconds and minutes derived from equally spurious certainty about the regularity of the calendar.

Similarly, most of the world’s railways use a gauge measuring four feet eight and a half inches, allegedly based on five Roman feet; it’s the width of the gates in Hadrian’s Wall in the UK and thus of the standard wagon in the north east of England, where George Stephenson built the first rail lines.

A foot is of course the length of that flat bit at the end of the leg. So now Chinese high-speed trains whoosh along at hundreds of kilo-meters an hour on tracks built to accommodate a Roman chariot, using units originally pegged to a legionnaire’s boot size.

In finance, however, we have units and premises that make the cubit, the scruple and even astrology appear ultra-scientific. Governments, banks and chief executives prognosticate on, for example, the business cycle – compared with which the spherical nature of the earth is as regular as a ball bearing.

Think of the natural rate of interest, currently being ignored by central banks across the world. Think of the ‘natural rate of unemployment’, altered according to year and geography. Or think of the good old efficient market theory, blown up more often than a Nevada nuclear test site.

This brings me to my developing tableware stationery theory of everything. Much of our computer hardware is apparently based upon the five and a quarter inch floppy disk, itself the brainchild of a crack design team in a bar using a folded paper napkin to illustrate its desired drive dimensions.

And it was on yet another table napkin that Arthur Laffer drew the famous curve that confirmed the already strong opinion of Dick Cheney and Donald Rumsfeld that tax increases were a bad thing.

Those Roman legionnaires used to socialize in communal latrines and shoot the breeze. Imagine if their habit had persisted, along with the non-metric foot, into the modern age – would such discussions have led to computer drives modeled on a roll of toilet tissue?

Would the Laffer Curve achieve its apotheosis as a Möbius strip with no beginning and no end so that instead of taxing businesses, governments just kept giving them money? Or is that what actually happened?

But the Romans used sponges, not tissue, so our economic theories could have ended up pretty much as they are now: formless, soggy and messy, although infinitely recyclable, just like most of our financial nostrums. After all, no one ever discarded a good theory just because it failed.

Friday, November 02, 2012

Race is on (the agenda!)


by Ian Williams
Tribune UK Friday, November 2nd, 2012
I have seen the future – and it stinks. In fact, I have seen it several times over and its twin pillars are the rapid onset of amnesia and mendacity on the part of candidates, which is reaching its apotheosis in the 2012 American presidential election. The first time I saw it was Liverpool Liberals’ “pavement politics” in the 1960s, where David Alton and his chums realised that the purpose of elections was, well, to get yourself elected. Standing on principle was contra-indicated. My next clear manifestation was seeing Bill Clinton at work, radiating concern and empathy with the poor and underprivileged even as he began the continuing task of dismantling the New Deal. Even while John Smith was still leader of the Labour Party, Gordon Brown and Tony Blair came over to New York to see what Clinton was doing and: “Lo! They saw that it was good.”  New York Labour Party members remonstrated that Clinton had no principles and would sell his grandmother to win votes. Blair replied: “But he wins elections.”
And so to now. Barack Obama has his faults – many – but Mitt Romney deserves the President’s apt coining of “Romnesia” to describe his acrobatics. It is part of the American political tradition to tell each separate audience what they want to hear, but more sophisticated politicians are “economical” in the breadth of their stated positions. They only tell segmented groups what they want to hear to avoid contradicting themselves, and use sweeping platitudes for larger audiences.
Romney epitomised that with his speech to mega-rich ultra-conservative donors in Florida denouncing 47 per cent of the voters as tax-guzzling drones. No one is accusing Romney, who thinks that Iran is landlocked and connected to Syria, of sophistication. But it is amazing to consider how many of those 47 per cent will vote for him, and for tax breaks for those who are much richer than they are.
Underneath it all is the sound of the dog whistle. When John Sununu, former New Hampshire Governor, attributed Colin Powell’s support for Obama to their shared race, it could have been a mis-speaking – like Romney’s 47 per cent, a thought in the minds of the campaign, but best not expressed publicly. However, cynics might see it as a cunning attempt to make race an issue – not least since Sununu, of Cuban Arab but Christian origins, has previously suggested that Obama is not really an American. Opinion polls suggest that 40 per cent of whites support Obama, but that drops to less than 20 per cent of whites in the former Confederacy. Even in the rest of the country, a significant percentage of whites could be motivated to vote for anyone against a black candidate. Evangelical Christians and Roman Catholics who – with some justification – consider Mormons to be a non-Christian cult are prepared to overlook Romney’s actual faith and vote for him. But then lots of them think that Obama is a non-Christian Muslim anyway.
It is a dangerous strategy. It might well bring out the white racist vote, but it might also motivate the minorities and the progressive fringe, which have not always been so enthusiastic about the President’s record, to turn out for Obama. The Republicans have been preparing for that contingency with a farrago of claims of widespread voting fraud, for which they have initiated voter identification laws in many states. Although the few proven cases of fraud tend to involve Republicans, laws demanding voter ID target the poor, the old and minorities, who are less likely to have driving licenses, for example.
To complicate matters, at the time of writing, a combination of one of the worst tropical hurricanes to hit the north-eastern states, running into an Arctic storm system from the north, promises huge disruption and devastation to millions of people. It is perhaps symbolic of the  detachment of American politics from reality that there is almost no discussion of climate change in the election or in connection with the monster storm. With such tight margins, the disruption to election arrangements in the Obama leaning north-east and the effect on public confidence of the government’s responses could be significant. Obama is likely to be efficient, but less likely to score in the public relations war against an opposition that would happily blame the storm on his socialist policies. This election is so close and local administrations so partisan that it might well be decided in the Supreme Court again – with predictable results.

Wednesday, October 24, 2012

Kofi Annan interview!

http://rcm.amazon.com/e/cm?t=rumasociaands-20&o=1&p=8&l=as1&asins=1594204209&ref=qf_sp_asin_til&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr

 From Catskill Review of Books!

https://www.dropbox.com/s/j3jcbhlzmroh9c9/kofi.mp3

Syria, Israel and the UN

October 2012, Pages 40-41
United Nations Report Washington Report on Middle East Affairs

Will Lakhdar Brahimi's Credentials and Credibility Help Him With Syria Assignment?

By Ian Williams

Lakhdar Brahimi, the new United Nations peace envoy to Syria, speaks to the press following a meeting with French President François Hollande at the Elysee Palace in Paris, Aug. 20, 2012. (Patrick Kovarik/AFP/GettyImages)
Lakhdar Brahimi has a long record of working on behalf of the United Nations. The good-humored and quietly spoken diplomat has a strong track record of cutting through rhetorical obfuscations and getting to the underlying reality. As a former Algerian freedom fighter, he has an exemplary record—especially compared with most of the sundry hereditary officials around the Arab world—which is second to none. Indeed, as one of the "Elders," the independent group of global leaders brought together in 2007 by Nelson Mandela, Brahimi has a global diplomatic reputation based on strong principles.
Of course, he picks up the Syria baton that his fellow Elder, Kofi Annan, did not so much drop as cast it aside in disgust. I had always suspected that Annan's intention was to test to the limit the sincerity of Moscow and Beijing—and he did. But their shamelessness knows fews bounds. Brahimi is a logical successor—an astute choice by Ban Ki-moon.
To affirm Brahimi's diplomatic bona fides one need look no further back than his work in Iraq as U.N. special envoy in the dark days after the U.S. invasion, when he was roundly attacked by Israel's U.N. envoy, Dan Gillerman.
The occasion was Brahimi's "undiplomatic" lapse into the truth, when he told a French radio station that Israeli policies toward Palestinians, and Washington's support for those policies, hindered his search for a transition government in Baghdad. "The problems are linked, there is no doubt about it," he said. "The big poison in the region is the Israeli policy of domination and the suffering imposed on the Palestinians."
Brahimi complained of the difficulty of dealing with Iraqis in the face of "Israel's completely violent and repressive security policy and determination to occupy more and more Palestinian territory."
The more things stay the same—the worse they get! Now of course, Israel has occupied even more territory than anyone conceived possible.
In Iraq, and previously in Afghanistan, Brahimi's credibility and reputation for integrity enabled him to pull together disparate elements into coalitions of the grudging, at least. As the endgame in Syria looks far off and bloody, if anyone can pull off a compromise among the various elements, it has to be him—not least since he is securely insulated against allegations of being part of any terrorist or Zionist plot.
It is just possible that his veteran Third World credentials—almost in at the foundation of the Non Aligned Movement—might give him more credibility to dissuade the Russians and Chinese from their support for the Syrian regime, which is every bit as unprincipled as Washington's unconditional support for Israel.

Target Iran or Target Obama?

As Syria disintegrates and Hillary Clinton wrings her hands, the secretary of state must console herself that the mass killings there take attention away from Iran—which Israel is threatening to attack. These are times when it appears that we are observing a parallel universe in which the laws of logic and reason have been spun around, in which the Red Queen often believes three impossible things before breakfast.
The psychopathic wing of the Israeli government wants to attack Iran, no matter what arguments against that reckless and illegal action are produced. Frankly, with Prime Minister Binyamin Netanyahu one cannot be sure whether this is a pathological hatred of any rival military power in the region—in which case, with Syria and Iraq gone, if Iran were removed from the equation then one could suspect that Turkey would suddenly move up the pariah ladder.
But it is equally probable that the Israeli prime minister wants to ensure that President Barack Obama is not re-elected. Netanyahu has what we can only hope are substantial fears that a second-term Obama would remember all the insults and campaigns waged against him by the right-wing Israeli leader, as well as the U.S. president's own tarnished international reputation because he allowed Netanyahu to thwart his earlier outreach to the Arab and Muslim world.
We have come a long way since the Zimmerman telegram—it is now the hasbara leak. The current bright ideas emanating from the Israel lobby—sorry, I mean senior Middle East advisers in Washington—really tax belief. In an Aug. 17 New York Times op-ed, Dennis Ross, the former Clinton administration Middle East peace coordinator who currently is a "counselor" at the AIPAC spin-off Washington Institute for Near East Policy, advised that the way to stop Israel from attacking Iran was to give it the bunker busters, tanker planes and other weaponry necessary for it to attack Iran effectively.
So, the way to stop Jack the Ripper was to leave large bags of surgical instruments about for him? Along similar lines, the Israeli leak factory Debkafile declared that Obama was going to pledge that the U.S. will attack Iran later, in order to abort Netanyahu attacking earlier.
So Israel, which does not have the capability to attack Iran on its own, will refrain from doing so only if the U.S. provides it with the weaponry to do so, or attacks in its place. And the reward would be that Netanyahu would have succeeded in his main aim, which is to make Obama a one-term president.
What is missing here is any sense that the Iraq debacle taught America's various pro-Likud factions anything at all about international law, let alone international relations. There is no legal mandate whatsoever for Israel, or indeed the U.S., to attack Iran. On the contrary, the constant threats from Israel would possibly constitute a defense for a pre-emptive attack by Iran on Israeli, and maybe even U.S., military positions. Certainly under the version of international law espoused by both of them on various occasions, Iran could justify, say, mining Israeli harbors!
Of course, in reality Iran is not in a superpower position that could support such novel legal interpretations. But consider Obama. He has spent his first term embroiled in two wars, one of which he opposed not least because Bush began it against international law and without U.N. authority, allegedly on the issue of weapons of mass destruction.
U.S. intelligence, and many Israeli intelligence authorities, aver firmly that Iran does not (yet, at least) have a nuclear military program or capability. Indeed its leading political and religious figure issued a fatwa against such immoral weapons.
The U.N. is not going to threaten to issue an ultimatum to Iran to stop a program it does not have—so if Obama were to go ahead, his position would be even weaker than that of George W. Bush.
That is, of course, quite apart from the human casualties and financial consequences for a fragile U.S.—and, indeed, global—economy of a war that would threaten much of the world's oil supplies.

Washington Echoes Tel Aviv's "Advice"

In that context, it is reassuring that Ban Ki-moon scorned Netanyahu's "advice" to stay away from September's Non Aligned Summit in Tehran. Indeed, he boldly also repudiated similar U.S. advice as well. With a straight face, State Department spokeswoman Victoria Nuland told reporters that Iran "is a country that is in violation of all kinds of U.N. obligations and has been a destabilizing force."
Most of the Non Aligned, indeed most of the world, might think that a country building illegal settlements in defiance of U.N. resolutions and constantly threatening to make war on another country fitted that description better than Iran, no matter what reservations they had about Tehran's human rights policy or support for Syria.
Hillel Neuer, who founded "U.N. Watch" to scrutinize the world organization—albeit only in relation to Israel—condemned Ban's attendance but urged him to "at the very least, bring with him the latest U.N. General Assembly resolution detailing Iran's massive human rights violations, the report by the Human Rights Council's Iran monitor documenting the country's 'striking pattern of violations of fundamental human rights guaranteed under international law,' and the six Security Council resolutions on Iran's illegal nuclear program."
In its way, all that is fair enough. But we wonder when U.N. Watch ever called upon the secretary-general to take the much longer list of resolutions addressing Israeli crimes to Mr. Netanyahu.
Tapping the same rich vein of chutzpah, Israel's Soviet-born Foreign Minister Avigdor Lieberman sent a letter to the foreign ministers of the Middle East Quartet, calling on them to press for new elections in the Palestinian Authority to replace President Mahmoud Abbas. In a whole new dimension of chutzpah, Lieberman described Abbas, seen by many Palestinians as a little too pacific, as "an obstacle to peace."
"The Palestinian Authority is a despotic government riddled with corruption," Lieberman wrote. "This pattern of behavior has led to criticism even within his own constituency. Due to Abbas' weak standing and his policy of not renewing the negotiations, which is an obstacle to peace, the time has come to consider a creative solution, to think 'outside the box,' in order to strengthen the Palestinian leadership."
As his comrade in buffoonery, Humpty Dumpty, said, "When I use a word, it means just what I choose it to mean—neither more nor less." Lieberman's concern with "strengthening" the Palestinian leadership is an example of outstandingly Orwellian doublethink, worthy of Goebbels. His government has locked up any strong Palestinian leadership whenever it gets the chance—and, to underscore its contempt, defied U.N. and EU censure to announce the building of yet more settlements in East Jerusalem for Jews only.
U.N. Watch of course, maintains total silence on that inconvenient issue.

Ian Williams is a free-lance journalist based at the United Nations who blogs at <www.deadlinepundit.blogspot.com>.