For real - it is. And the truth is, that while all of this debate about the AT&T/T-Mobile merger is important, worthwhile and necessary, it's also something of a red herring. Because at the end of the day the problem that the merger was initiated in part to address, the problem that will ultimately prevent new competition, stifle innovation and shut down the incredible potential to create jobs and grow the economy through broadband investment remains.
And that problem is SPECTRUM.
And if there's something we know a little bit about, it's the need for more spectrum.
Check out this very excellent article written by Jeff Kagen at E-Commerce Times, "Let's Solve the Real Wireless Problem: Spectrum Shortage" http://www.technewsworld.com/s...
I took a break to enjoy the holiday, as I'm sure many of you did, but my inbox kept busy, and on Friday came a doozy, courtesy of the Washington Post.
You remember that little bit of a banking crisis we had a couple of years back, where banks around the world might have possibly, maybe, just a little, conspired in a giant scheme to package toxic mortgage loans into Grade A, investment-ready securities instruments, which then blew up in everyone's faces to the tune of a whole lot of taxpayer bailouts?
Well all of a sudden, it looks like an agency of the Federal Government is looking to do something about it, in a real big way.
Last Friday the Federal Housing Finance Agency (FHFA) announced they're suing 17 firms (I'll give you a list, bit it's pretty much all the usual suspects); depending on who you ask the Feds are seeking an amount as high as $200 billion.
As Joe Biden would say, it's a big...well, it's a big deal, anyway, and that's why we're starting the new week with this one.
Main Street, USA - Nurses call their neighbors and their elected officials to come to Main Street on September 1, even as many of the elected officials continue chiding one another about returning to DC.
Main Street is where the damage has been done and is being felt most deeply; DC is where deals are cut to protect Wall Street with breath-taking regularity. This is not a time when political posturing for some distant election cycle by those largely insulated from the harsh financial realities they helped create ought to take precedence over the real-time, real-life needs of millions.
Lives depend on it; jobs depend on it; communities depend on it. 170,000 Registered Nurse members of National Nurses United throughout America have come together to re-build Main Street. We need you on our side.
So, on Thursday, September 1, the nurses of National Nurses United will gather in more than 60 communities from Maine to Texas, and Massachusetts, Pennsylvania, Minnesota, Michigan, Florida, Illinois, California and beyond to call on the nation's elected officials to chose to protect and repair Main Street and stop cow-towing to Wall Street. Find an action on a Main Street near you and join in.
When last we met, it was to discuss a Big Idea that the Obama Administration might apply to get some job creation going, despite a difficult Congress; the Big Idea was to look at the "Buy American" provisions that exist in our laws, regulations, and Executive Orders and see if we could practice a bit of "jobs arbitrage" by not just meeting the "Made in USA" requirements when governments across this country make purchases, but exceeding them.
(As it stands today, pretty much any "good or service" with more than 50% Made in USA content qualifies as a Made in USA purchase, even if 49% of the "good or service" comes from somewhere else).
At the time, I told you that if all went well we could look forward to comments from both Labor and the Administration as to the practicality of the Big Idea, and as it turns out I have comments for you that hit close to that mark - and a bit more besides:
On Saturday I just happened to bump into Congressman Adam Smith (WA-09); in the course of that conversation I told him what we're doing here, and he wanted to offer a few thoughts of his own...and when you put all that together, I think we're going to have a lot to talk about.
Few topics today are generating as much discussion as the seemingly insatiable demand for mobile data and how our country is going to keep pace with it. The United States has set a national goal to provide 98 percent of Americans with broadband access within the next five years. LightSquared is stepping up to help make this a reality. We are contributing $14 billion in private investment over the next eight years to build a nationwide wireless broadband network using 4G-LTE technology integrated with satellite coverage. This represents a $14 billion private sector-not government-investment in America's infrastructure.
The deployment and management of the LightSquared network will, in turn, create new jobs. We expect to generate more than 15,000 direct and indirect jobs in each of the next five years. And that's just the beginning of what the LightSquared network will help bring to California and across the country.
LightSquared will offer network capacity on a wholesale-only basis. This is a dramatic departure from the current vertically integrated model in the wireless industry, and it will open the broadband market to new players such as retailers, cable companies, and device manufacturers, to name a few. This means that end users - consumers like you - will enjoy the benefits of innovation, increased competition, and choice.
Come to think of it, they like to argue and obfuscate in abstractions, as well. They campaign in abstractions and make abstract pledges until those abstractions turn into something tangible, like a subprime lending crisis or a downgrade from a particular private rating agency.
We spend so much time wading through abstractions that we cannot get to the meat of the issues that face us today. Enough of that.
What really happens in a bad economy? And what is the public's role during these tough times?
It has been a tough news weekend for the United States.
I've been blocking out news coverage today and cringing every time I hear a partisan or pundit prognosticate about the decline of America, or our supposed shuffle closer to doomsday.
My heart breaks hard every time I think about the selfless men and women we lost in Afghanistan this weekend. Brothers and sisters alike, it seems almost trivial to sit here tonight and type--a freedom they have won for me--while so many are facing grim realities and long, tense moments of combat half a world away.
It's easy to lose focus of who you are and what you stand for in times like these.
Tonight, I'm reminded of a famous speech given by a wartime American president from Illinois (emphasis added):
"It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us -- that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion -- that we here highly resolve that these dead shall not have died in vain -- that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth."
It is easy to cower in the face of disappointment or unspeakable tragedy, to cave to the demands of those playing the temporary game of political opportunism. In these times, we should not forget who we are:
I have not been talking about the insanity around the debt ceiling and debt and deficit and the efforts of Republicans to drive us all off the cliff, but I am today - and I'm going to do it by allowing you to grab ahold of this problem and see for yourself just how unbelievably bad this manufactured crisis is going to be.
You will hear a lot of conversation about the consequences from others; today, however, you are going to get the chance to be both the President and the Secretary of the Treasury, and you will get to decide for yourself exactly what bills the Federal Government should and should not pay as the cash runs out if a deal is not made by the time borrowing authority runs out.
At that point you'll be able to see what's coming for yourself - and once you do, you won't need me to tell you what ugly is going to look like.
(FNS - Washington, New Germany, April 17, 1947) America's new Führer, Adolf Hitler, announced today that his official War History would in fact acknowledge that one of the biggest contributing factors to the defeat of the Allies was the insistence of the former United States of America on sticking to its Balanced Budget Amendment, which left them unable to fund the wartime conversion of the US economy for the benefit of the Alliance.
"All those ideas Mr. Roosevelt spoke of", said Hitler, "Lend-Lease, modular shipbuilding, War Bonds, secret weapons...in the end, all of them were just words, since the Americans' Congress was never willing to allow the country to fully fund its war effort."
With no warning or fanfare, today's scheduled Oversight subcommittee hearing on the Financial Crisis Inquiry Committee was cancelled earlier this week. But a picture is beginning to emerge as to what went wrong for Oversight Chairman Darrell Issa and why the plug was pulled.
Peter Kadzick, an attorney for FCIC Chairman Phil Angelides, told TPM that Angelides arrived in D.C. on Sunday night for the Wednesday morning hearing but was told by an Issa staffer on Monday evening that "they had found some documents at the last minute that didn't fit the narrative."
And a devastating new report (pdf) from committee Democrats found that those documents didn't just not "fit the narrative," but outright refuted them. Ranking committee Democrat Elijah "Cummings's report, which is based on 400,000 internal Commission emails, memos and other documents, finds that Chairman Issa's allegations are largely unsubstantiated.
In contrast, the documents suggest that Republican Commissioners geared their efforts on the Commission toward helping House Republicans in their campaign to repeal the Dodd-Frank Act, rather than determining the facts that led to the economic crisis. The report also raises a host of new ethical questions about Republican Commissioners and staff, including evidence that they leaked confidential information to outside parties on multiple occasions."
If the hearing had been cancelled on Monday, it didn't slow Issa down Tuesday. Issa was on Twitter yesterday enthusiasticallypushing attacks on the FCIC's findings, specifically from Republican FCIC member Peter Wallison. But the report from committee Democrats highlights a number of credibility problems for Wallison and other FCIC Republicans who dissented from its findings and have fueled Issa's pursuit. As Media Matters breaks down:
Wallison repeatedly sent emails to his GOP colleagues on the committee urging that their dissents not "undermine the ability of the new House GOP to modify or repeal Dodd-Frank."
Despite claims to the contrary that Wallison made in congressional testimony, the FCIC extensively reviewed his position that the economic crisis was caused by government housing policies, with all eight other commissioners rejecting that view.
Wallison was criticized by the FCIC's general counsel after leaking confidential commission documents to a colleague at the American Enterprise Institute in violation of the commission's ethics policy.
Republican vice chairman Bill Thomas and his staff provided an economic and political consultant who works at Thomas' law firm -- which represents major banks -- with a wide array of internal documents, in violation of the commission's ethics policy.
By now you have heard that President Obama has chosen to throw Social Security and the Medicare and Medicaid Programs over the side of his proverbial fishing boat as bait to see if he can get Republicans to give him another really lousy compromise, much as he did last December when he gave up billions upon billions of deficit reduction in order to help Republicans preserve tax cuts for billionaires.
And it looks like the President doesn't really lose if you or I get hurt here: in fact, it seems that, in his eyes, it's to his advantage to fight against his own base as he seeks to be "the adult in the room" in the runup to the '12 election.
So we're going to have to find a way to put The Fear on this guy - and I think I've got a plan to force this President to listen.
And it works like this: if this President ain't gonna be moved by our message...we do it by holding the rest of his Party hostage.
Darrell Issa is back in hot water for using his powerful Congressional perch to help his personal investments. A new report out today from Think Progress finds that Issa was busy last year buying up Goldman Sachs High Yield Bonds worth up to $50,000 a pop while pressing strongly to thwart an SEC investigation into potential wrongdoing at Goldman Sachs:
Oversight Committee Chairman Rep. Darrell Issa (R-CA) raised hell last year to stop the federal government from investigating Goldman Sachs regarding allegations that the company defrauded investors. In April 2010, shortly after the Securities and Exchange Commission (SEC) announced a civil suit against Goldman Sachs, Issa sent a letter to SEC Chairwoman Mary Schapiro demanding to know if there was "any sort of prearrangement, coordination, direction from, or advance notice" between the SEC and the Obama administration or congressional Democrats over the timing of the lawsuit.
Issa's investigation of the SEC's investigation into Goldman Sachs stoletheheadlines and reinforced Goldman Sachs' claim that they had done nothing wrong. Explaining his defense of Goldman Sachs, Issa said he was representing the views of ordinary Americans who are worried about the "growth of government and the growth of government wanting to become more complex, with more agencies and more control over our lives."
This sheds additional light on Iss's engagement in financial issues since taking over the Oversight Committee earlier this year, specifically reinforcing his strong resistance to any investigation or hearing that might reflect poorly on private financial institutions.
Issa has continued to bring heat on the SEC since taking over the Oversight Committee, targeting the Commission with one of the first subpoenas issued. The focus of his concern? Potential conflict of interest at the SEC arising from personal investments related to ongoing investigations. Of course.
Once again there is another article pointing out that crime is on the decline in the United States.Once again socilogists and criminologists are seeking to explain why there is a decline in crime. The study concluded:
...during the current downturn, the unemployment rate rose as the crime rate fell. Between 2008 and 2009 violent crime fell by 5.3% and property crime by 4.6%; between 2009 and 2010, according to the preliminary Uniform Crime Report released by the FBI on May 23rd, violent crime fell by another 5.5% and property crime by 2.8%. Robberies-precisely the crime one might expect to rise during tough economic times-fell by 9.5% between 2009 to 2010.
We here at strictlynumbers.com hypothesized there is a simple explanation for this correlation. Unemployment rates have a direct affect on the crime rate in a given city. The correlation relates to the fact that as unemployment rates rise less people chose to spending time out in a given city going to bars, clubs, restaurants, and other night time venues due to a lack of revenue. If there are less people out and about in a given city then logic suggests there are less people to be victims of crime. In other words, crime isn't declining it is just becoming harder to commit.
In America, today, there are three kinds of drivers: those who look at the other gas pumps down at the ol' gas station and think: "Oh my God, I can't believe how much that guy's spending on gas", those who look at their own pump down at the ol' gas station and think: "Oh my God, I can't believe how much I'm spending on gas" - and those who are doing both at the same time.
Naturally, this has brought the Sarah Palins of the world back out in public, and once again the mantra of "Drill, Baby, Drill" can be heard all the way from the Florida coast to the Arctic National Wildlife Refuge.
But what if those folks have it exactly backwards?
What if, in a world of depleting oil resources, the last thing you want to do is use yours up?
To put it another way: why isn't all our oil part of the Strategic Petroleum Reserve?
I just bought a new car and will never need to buy gasoline again. The reason I have been able to happily drive past increasingly expensive gas stations isn't because I haven't been driving the car, it's because the car I bought runs entirely on electricity.
My decision to purchase an electric car was driven by a variety of reasons, but the simplest reason was this: The cost of filling up with gas is just too much. I'm not just writing about the price we're paying at the pump; I am also referring to the cost to our future generations, our national security, and our economy. As a veteran, I have seen the toll these costs take and I am doing what I can to stop contributing to the problem.
To me it does not make sense as it: 1) Hurts our tourism industry (reducing jobs and perhaps losing more in State tax revenue than the cuts cost),
2) Eliminates one valuable reason for living in CA, and
3) Comes at a time when families are looking for affordable vacations the State Park system is perfect in filling that need (also keeps the dollars spent in CA not some other state).
Four rough ideas for new State Park funding: Plan A: Local control and funding: Divide the system into 5 or so regions and set up a new local Parks and Rec District (if the local voters approve) to fund the programs.
If the voters in a District to not vote for funding and local control then the State to keep control of that District.
All properties to remain owned by the State of CA. All properties can be taken back from the local Parks Districts if certain annual conditions are not met. All Parks will participate in the joint Statewide admission program.
Plan B: License Plates Currently nearly ½ of the CA Arts Council revenue comes from special DMV plates (for each plate the Council gets about $40 a year). If parks could have their own plate perhaps a million people would ask for it. If 500,000 Parks Plates were issued that would fund the cuts that required the 70 Park closures. The problem: DMV makes it nearly impossible to buy plates (their process is hopelessly cumbersome and difficult for even the most dedicated plate purchaser. The Department would also need legislative approval to have DMV sell the plates.
Plan C: Raise Admission Fees In addition to raising admission fees, create a new "good until you die" "lifetime" ticket that costs a lot of money (and raises a lot of money).
Plan D: Close Parks in Districts When their Assemblyman And/or Senators Refused to Fund the Parks System
We need to stay focused on the real reason this is even comming up:
Oh, my, has there been a lot of news since we spoke last about the Potential Impending Death Of Medicare: obviously we're going to have to talk about the implications of Osama Bin Laden's death (but we'll do that another day), President Obama very publicly congratulated Donald Trump for having the leadership skills to know that Gary Busey was the one who needed to be fired after the way he ran the men's cooking team on "The Apprentice", and, of course, there was that "extreme ironing incident" on the M1 near London's Mill Hill.
But what you may not have noticed is that in the past two weeks the Grim Weeper himself, Speaker of the House John Boehner, has gone from saying "I fully support Paul Ryan's budget, including on Medicare" to saying that the Paul Ryan "Let's Kill Medicare" plan is "an idea ... worthy of consideration"-and when that happens that quickly you know somebody applied what we might politely describe as being at least "an equal and opposite force".
And what I'm here to suggest today is that the opposite force in question...is you.
I've written in the past--whether it was about IBM's Smarter Cities Challenge or City Forward projects--about the different ways that cities can serve as laboratories of government and how cool it is that these projects can be part of this process. Given their size and immediacy in our lives, they are the level of government we are most intimate with. You may think state and national government is more exciting; still, nothing comes close to the city in terms of its impact on our day to day lives, and as they are more immediate, we can also have a much greater impact on them.
We are continuing a recent theme here today in which two of my favorite topics are going to converge: Social Security and in-your-face political activism.
I have been encouraging folks to take advantage of the recent Congressional recess to have a few words with your CongressCritter about the proposed Death Of Medicare and all the proposed cuts to Social Security...and you have, as we'll discuss...and now we have an opportunity to do something on a national scale, just as we did a few weeks ago in support of Social Security.
This time, we're going to concentrate on fighting the idea that retirement ages should go up before we become eligible for Social Security and Medicare (and elements of Medicaid, as well), and that Americans should just keep right on working until the age of 67 or so-which isn't going to be any big problem...really...trust us.
Now that just makes no sense, and to help make the point we have a really cool video that you can pass around to all your friends-and your enemies, for that matter, since they'll also have to worry about what happens to them if they should ever make it to old age.
