The Torture Commission

| Sun Nov. 23, 2008 12:04 PM EST

THE TORTURE COMMISSION....Newsweek's Michael Isikoff reports on the likely direction the Obama administration will take regarding state-sanctioned torture and detention of terrorist suspects:

Despite the hopes of many human-rights advocates, the new Obama Justice Department is not likely to launch major new criminal probes of harsh interrogations and other alleged abuses by the Bush administration. But one idea that has currency among some top Obama advisers is setting up a 9/11-style commission that would investigate counterterrorism policies and make public as many details as possible.

...."If there was any effort to have war-crimes prosecutions of the Bush administration, you'd instantly destroy whatever hopes you have of bipartisanship," said Robert Litt, a former Justice criminal division chief during the Clinton administration. A new commission, on the other hand, could emulate the bipartisan tone set by Tom Kean and Lee Hamilton in investigating the 9/11 attacks.

I find myself surprisingly torn by all this. My instinctive reaction is to turn over every last shred of paper in open court and mercilessly toss into jail anyone associated in any way with this stuff. But I suspect Obama is reacting more wisely than me in this matter. Not only would trials and jail sentences set off a firestorm of protest, but in the end they might not accomplish much either. That's discouraging as hell to write, but at bottom we still have a public opinion problem here: like it or not, half the country still seems to think that torturing al-Qaeda suspects was perfectly acceptable.

So in the end, perhaps we'll get half of a Truth and Reconciliation commission: we'll get the truth, but not the reconciliation, since I doubt that any of the perpetrators of this stuff are inclined to show the slightest remorse for what they did. I suppose that here in the real world this might be the most we can expect, but I don't have to like it. And I don't.

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Obama's Treasury Nominee Tim Geithner: Yet More Power for the Federal Reserve

| Sun Nov. 23, 2008 12:03 PM EST

Barack Obama's reported latest cabinet pick shows that even the collapse of the U.S. economy is not enough to challenge the unbridled power of the Federal Reserve. The president-elect's choice for Secretary of the Treasury is Tim Geithner, head of the New York Federal Reserve Bank, the most powerful bank in the system. The nation's leadership in both parties spent the better part of two decades unquestioningly following the man they called "the Oracle"—Fed chair Alan Greenspan--down the road to ruin. Now, they eagerly await the arrival of another Fed insider to lead them back into the light.

Clearly, the new administration and the Democratic Congress do not plan to in any way challenge the fundamentally undemocratic and fatally compromised nature of the Fed, which is not a government agency, but a "quasi-public" system effectively owned and run by the banking industry itself. It's no surprise, then, that the Fed so often operates in the interests of the private banks, even when they run counter to the public interest—as it did under Greenspan, when its policies fueled, rather than reigned in, the credit bubble and accompanying fiscal disasters. What is more suprising is the fact that those sworn to serve the public still show so little inclination to demand more transparency or accountability from this all-powerful institution.

Down South

| Sun Nov. 23, 2008 11:48 AM EST

DOWN SOUTH....The voters of California might be able to ban gay weddings, but they can't ban gay wedding receptions, can they? So that's where I was yesterday, down in San Diego at a reception for my sister-in-law and her partner, who squeezed in under the wire and got married before Prop 8 passed. Huzzah! Needless to say, the republic seems to have survived the event so far.

So everyone join me in congratulating Ginny and Cindy. Huzzah again! I'll spare you the picture of them feeding each other pieces of the wedding cake, but I will show you the eye-catching cake itself, which was designed by a good friend of theirs (it was lemon flavored and delicious). As you can guess, a lovely time was had by all.

Chart of the Day - 11.22.2008

| Sat Nov. 22, 2008 12:41 PM EST

CHART OF THE DAY....This comes from David Sirota, who has been watching the outbreak of the "center right" meme ever since November 4th, which you might recall as the day that America elected a liberal president, a liberal Congress, and a liberal Senate. David asked a friend who works with a company called Trendrr to track mentions of the term, and the results are on the right:

The media has exponentially increased the amount of times it claims that this country is a "center-right nation" — at the very same time public opinion data shows the country is a decidedly center-left nation.

Indeed. I guess a desire for less Bush, less war, better healthcare, competent governance, acknowledgment that global warming isn't fiction, and economic stimulus in the face of a massive recession is now evidence of a center right world view. As John Maynard Keynes famously said, "We are all center rightists now."

Citigroup's Collapse

| Sat Nov. 22, 2008 2:07 AM EST

CITIGROUP'S COLLAPSE....The New York Times explains the proximate cause of Citigroup's imminent demise:

The current turmoil can be traced back to the last weekend of September, when it sought to reassert itself by swallowing Wachovia, the stricken bank based in Charlotte, N.C., whose vast deposit base would have turned Citi into one of America's dominant lenders.

As the global financial crisis drove Wachovia toward collapse, the government frantically engineered their marriage. At a bargain price of $1 a share, Vikram S. Pandit, Citigroup's chief executive, was happy to oblige: The deal would have greatly enhanced Citi's retail banking presence and added more stable consumer deposits to a balance sheet staggered by billions in write-downs on bad mortgage loans and related securities.

But like so many other things for Citigroup over the last several years, it fell apart. Less than a week later, Wells Fargo, the powerful San Francisco-based bank, swooped in with a higher offer. Citi was left in the lurch, without a business that was vital to its future.

And why was Wells Fargo able to swoop in? You remember the Treasury notice a few weeks ago that modified Section 382 of the tax code, don't you? Pretty much every tax attorney in the country thinks the change was illegal, but Treasury went ahead with it anyway:

The notice was released on a momentous day in the banking industry. It not only came 24 hours after the House of Representatives initially defeated the bailout bill, but also one day after Wachovia agreed to be acquired by Citigroup in a government-brokered deal.

The Treasury notice suddenly made it much more attractive to acquire distressed banks, and Wells Fargo, which had been an earlier suitor for Wachovia, made a new and ultimately successful play to take it over.

The Jones Day law firm said the tax change, which some analysts soon dubbed "the Wells Fargo Ruling," could be worth about $25 billion for Wells Fargo.

I'd like to hear more about this before jumping to any conclusions. Citigroup's problems run deeper than merely the failed merger with Wachovia, after all. Still, if these two stories are right, it was the sudden and illegal change in Section 382 that allowed Wells Fargo to conclude their deal with Wachovia, and it was the loss of Wachovia that sparked the downward spiral of Citigroup, one of America's three big money center banks. Was this yet another own goal from the Treasury Department?

Obesity Linked To Grandparent's Diet

| Fri Nov. 21, 2008 9:12 PM EST

600px-Lab_mouse_mg_3135.jpg At least in mice. So far. Nature reports on research presented at the annual meeting of the Society for Neuroscience. Mice fed on a high-fat diet during pregnancy and lactation had larger-than-normal offspring. Those offspring also went on to have larger-than-normal offspring.

The 1st-generation offspring also tended to overeat, whether they were fed a high-fat or normal diet. Plus they were insulin-insensitive, a feature of diabetes that often leads to obesity. The 2nd-generation offspring did not overeat, but were large and insulin-insensitive too. Male pups born to mothers on a high-fat diet also transmitted the traits to their own offspring.

The U of Pennsylvania team wants to know which genes were involved in passing on these traits. So far they've found epigenetic changes in the hypothalamus, which controls feeding behaviour. Epigenetic changes are biochemical modifications that affect how DNA functions without actually altering its nucleotide sequence. Epigenetic changes can be induced by environmental and/or genetic factors.

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Battery Woes 2....The Empire Strikes Back

| Fri Nov. 21, 2008 7:26 PM EST

BATTERY WOES 2....THE EMPIRE STRIKES BACK....I know you're all waiting on pins and needles to get the skinny on my trip to the Apple Genius Bar, so here's how it went. My appointment was scheduled for 3:20. At 3:20 they called my name. I told the tech my story, he nodded, plugged a doodad into my USB port and booted my MacBook. After a few seconds it came up with a special screen that said:


There was a bunch of other detail on the screen, but basically, it just confirmed that my battery was bad. And for what it's worth, the tech says we were all wrong: there's no harm in letting the battery discharge completely, and no harm in letting it sit around for a couple of months. It is a good idea to let it discharge to zero and then charge completely once a month or so, but that's just to keep the battery calibrated. And it's also a good idea to discharge it to 50% and turn the machine off if you think you're not going to use it for five or six months. But that wasn't my problem. I just had a bad battery. So he replaced it, and at about 3:30 I was on my way.

So: all whining about the battery aside, I have to say that this was just about the most painless tech support experience I've ever had. Kudos to Apple.

Brodner's Cartoon du Jour: Red, NY and Blue

Fri Nov. 21, 2008 7:17 PM EST

Here's an Election Day comic about a political junkie who leaves his apartment to vote only to find he can't see straight anymore. This was a project brought to me by Bob Mankoff with very smart art direction by Bob, Chris Curry, and Caroline Mailhot, who suggested I draw this while looking in the mirror. Oy. Hope tomorrow's a lot easier than this.

First "Best of 2008" Album List Very Wrong, Very White

| Fri Nov. 21, 2008 5:38 PM EST

paste_logo2.gifKids, this right here is more proof that sometimes it's better to take it slow than rush to be first. Stereogum points out that Paste Magazine is the first major publication to drop their "Best Albums of 2008" list, and while there are some good and interesting albums all up and down it, the order (and the omissions) are kind of head-slapping. Here's their Top 10:

Obama's Cabinet

| Fri Nov. 21, 2008 5:10 PM EST

OBAMA'S CABINET....The New York Times says Hillary Clinton has decided to become Barack Obama's Secretary of State. New York Fed chief Tim Geithner will head up the Treasury. So far, then, Obama's cabinet looks like this:

State: Hillary Clinton
Treasury: Tim Geithner
Defense: Robert Gates (maybe)
Attorney General: Eric Holder
Health & Human Services: Tom Daschle
Homeland Security: Janet Napolitano

Whatever else you can say about this crew, there's not much question that Obama is assembling an extremely experienced and competent set of advisors. This is a team that can definitely hit the ground running.

On a related topic, I guess this means I have to eat my hat. After my trip to the Genius Bar this afternoon I shall search the local bakeries for a chocolate cake shaped like a hat and report back to you on how I fare.