Arianna Huffington on the Meaning of Madoff's Ponzi Scheme

Arianna says Madoff's downfall reveals the whole Bush era has been one big Ponzi scheme:

Ignoring warning after warning is an essential element of the "Who Could Have Known?" excuse, as are rewriting history and shamelessly disregarding the foresight shown by those who sounded the alarm bells.

We're seeing the same ingredients in the Madoff affair. "We have worked with Madoff for nearly 20 years," said Jeffrey Tucker, a former federal regulator and the head of an investment firm facing losses of $7.5 billion. "We had no indication that we...were the victims of such a highly sophisticated, massive fraudulent scheme." It's a sentiment echoed by Arthur Levitt, the former chairman of the Securities and Exchange Commission: "I've known [Madoff] for nearly 35 years, and I'm absolutely astonished."

Who Could Have Known?

Well, Harry Markopolos, for one. In 1999, after researching Madoff's methods, Markopolos wrote a letter to the SEC saying, "Madoff Securities is the world's largest Ponzi Scheme." He pursued his claims with the feds for the next nine years, with little result.

Jim Vos, another investment adviser who had examined Madoff's firm, says: "There's no smoking gun, but if you added it all up you wonder why people either did not get it or chose to ignore the red flags."

The answer comes from Vos's cohort Jake Walthour Jr., who told HuffPost blogger Vicky Ward: "In a bull market no one bothers to ask how the returns are met, they just like the returns."

Hasn't the "Who Could Have Known?" excuse been exposed as a sham enough times to render it obsolete?

Apparently not. Here come the Bush Legacy Project's revisionists expecting us to believe that everyone thought Saddam had WMD -- even though many were on record saying he didn't.

In the wake of 9/11, Condi Rice assured us nobody "could have predicted" that someone "would try to use an airplane as a missile." Except, of course, the government report that in 1999 said, "Suicide bomber(s) belonging to al Qaeda's Martyrdom Battalion could crash-land an aircraft packed with high explosives (C-4 and semtex) into the Pentagon, the headquarters of the Central Intelligence Agency (CIA), or the White House."

Madoff Ponzi Scandal a Shonda for American Jewish Community

Bloomberg reports that victims of Bernard Madoff's scheme reportedly include a number of prominent Jewish charities, in addition to Palm Beach machers who could afford to lose millions:

The Robert I. Lappin Charitable Foundation in Salem, Massachusetts discontinued operations on Friday because it invested with Madoff. This year the nonprofit sent 124 local teens to Israel.

Elie Wiesel’s Foundation

Madoff appeared to handle all the investments of the Elie Wiesel Foundation for Humanity, the foundation of the 80-year-old Nobel Prize winner and Auschwitz survivor, according its 2006 tax return. The foundation sponsors an annual ethics contest and after-school programs for Ethiopian Jews in Israel, among other programs. Treasurer Elisha Wiesel, Wiesel’s son, didn’t return a call.

The Madoff fiasco will pummel Jewish causes and education. Yet all nonprofit sectors may feel the strain. Last year, the $19 million Madoff Family Foundation donated $50,000 to New York’s Public Theater, where Madoff’s 44-year-old son, Mark, is a trustee. The year before, it gave $30,000 to the Robin Hood Foundation, a charity popular on Wall Street, according to the Madoff’s foundation tax return.

A Public Theater spokesman didn’t return an e-mail from Bloomberg News. Mark Madoff didn’t return a call or respond to an e-mail. Robin Hood Executive Director David Saltzman declined to comment.

Less to Give

“Will it affect my philanthropy?” said Joyce Z. Greenberg, a retired financial adviser in Houston who had money with Madoff for two decades. “It will.”

Greenberg is a donor to the Jewish Heritage Program of the World Monuments Fund, which has supported conservation in 20 countries. Greenberg and others are waiting for an accounting of how much, if any, of their investments they’ll salvage.

SAR Academy, an orthodox Jewish school in Riverdale, New York, which extends from kindergarten through high school, had over a third of its $3.7 million endowment with Madoff, according to an e-mail circulated by the school.

Did Senator Chuck Schumer Destroy Wall Street?

The New York Times seems to think so:

“He is serving the parochial interest of a very small group of financial people, bankers, investment bankers, fund managers, private equity firms, rather than serving the general public,” said John C. Bogle, the founder and former chairman of the Vanguard Group, the giant mutual fund house. “It has hurt the American investor first and the average American taxpayer.”

As Reverend Jeremiah Wright once said, "America's chickens...are coming home to roost."

Bush Reaction to Shoe-Throwing Assault Betrays Democracy

Australia's The Age carried this headline:

"Bush hails shoe attack as win for democracy"

Bush's first reaction to the Iraqi journalist's assault upon him--and the USA he represents--reminds one of Donald Rumsfeld's response to the looting of Baghdad in 2003:

"...recognize that you pass through a transition period like this and accept it as part of the price of getting from a repressed regime to freedom."

Rumsfeld's statement was symptomatic of a misunderstanding of the nature of freedom and transition--since neither the US nor any civilized country permits rioting as a price of freedom.

Likewise, President Bush obviously does not understand the significance of the shoe assault upon him in Baghdad. The Age reported that he treated it as a joke:

The US President laughed off an incident in Baghdad on Sunday when he was nearly hit by an angry Iraqi reporter's shoes.

The journalist, Muntather al-Zaidi, 28, a correspondent for the Iraqi station al-Baghdadia, shouted in Arabic: "This is a gift from the Iraqis; this is the farewell kiss, you dog!" He then threw a shoe at Mr Bush, who ducked and narrowly avoided it.

Zaidi then threw his other shoe, shouting in Arabic: "This is from the widows, the orphans and those who were killed in Iraq!" Prime Minister Nuri al-Maliki's security agents jumped on Zaidi and hustled him out of the room. He was detained on unspecified charges.

Mr Bush tried to brush off the incident. "All I can report is it is a size 10," he said. He also called the incident a sign of democracy in the country, saying, "that's what people do in a free society, draw attention to themselves", as Zaidi's screaming was heard outside.

Bush is wrong about both the principle and the facts at issue. People in a free society--such as the USA--are not permitted to throw shoes at the President. In the USA, assaults on the President are a federal crime under US Code, Title 18, Ch. 84, Sec. 1751:

(e) Whoever assaults any person designated in subsection (a)(1) [the President or Vice-President] shall be fined under this title, or imprisoned not more than ten years,
or both.

Bush's feckless and thoughtless response to the Iraq attack reveals, as did Rumsfeld's 2003 remarks, the underlying conceptual failures that have doomed his "democracy promotion" efforts around the world. For, unfortunately, President Bush himself clearly does not understand that the journalist who threw his shoes at Bush had also attacked democracy.

Meanwhile, according to the BBC, Iraqi supporters of al-Zaidi are demonstrating in Baghdad in support of his shoe assault on the US Presdient, using Bush's own comments;

Officials at the Iraqi-owned TV station, al-Baghdadiya, called for the release of their journalist, saying he was exercising freedom of expression.

Time for US Public Diplomacy Heads to Roll...

Can't afford to wait for the Obama inaguration. Whoever set this up, made up the guest list, and allowed the reporter to throw shoes at President Bush needs to be publicly humiliated him-and/or herself--everyone involved from top to bottom, and that includes JAMES GLASSMAN, author of Dow 36,000 and America's Top Propagandist.

Yes, the Fox anchor is right--Bush did a good duck, impressive even. But this never should have happened in the first place... (plus why didn't a Secret Service agent throw him/herself in front of the President?). Bush comes out OK in the reflexes department, not so OK in the intelligence, planning and information department. He's lost some face...and unfortunately, so has the USA. Bloomberg reported:

“This is from the widows, the orphans and those who were killed in Iraq,” shouted the man, later identified by the Associated Press as Muntadar al-Zeidi, a correspondent for Al-Baghdadia television, an Iraqi- owned station based in Cairo, Egypt.

...And according to TBS Journal:"Baghdadia TV is considered a moderate Sunni channel..."

More on the station from Eye Raki :

Al-Baghdadiya

Today, there are over a dozen Iraqi sattelite channels that are broadcasting from inside and outside Iraq. We have all sorts of channels, some that broadcast only a few hours a day, others 24/7. Some that are funded by the US, others that condemn American presence and even show footage of attacks on American soldiers. Some that represent ethnic groups in Iraq, others sects. Some broadcast from Iraq, others from outside.

I dont generally spend much time watching most of these channels, but i do flick through them every now and then. The other day I was watching the "news" on Al-Baghdadiya, a channel that broadcasts from Egypt. It was showing Iraqi's in Ramadi complaining about the American seige on the city (that started about 3 weeks ago). It was the funniest thing i have ever seen on an Iraqi channel, of course the conditions that the people in that city are living in are nothing to laugh about, but what was comic was the fact that the people being interviewed were being coached to say what the reporter wanted them to say. You can even hear the reporter saying "say there is no government" and an old women then says "There is no government here, they dont care about us", then the reporter says "petrol"...and the women says "we dont have petrol here in the city, its hard to get around'. The reporter then says "American occupation" and the women than rants about the Americans who are besieging the city.

The official mission statement I found via LinkTV's website makes Al-Baghdadiya sound like something that a US government agency or supported NGO might be funding:

In addition the channel aims at: Educating tolerance, helping to re-establish a healthy Iraqi society and environment, emphasizing the Iraqi identity through the cultural and social heritage, helping to improve and modernize Iraqi society besides respecting spiritual and social values, staying up to date with scientific developments worldwide, and improving the aesthetical values of broadcasting.

Inquiring media studies scholars want to know: How does throwing shoes at President Bush "improve the aesthetical values of broadcasting?"

More on the shoe-throing reporter's possibe motivations from MEB Journal :

Kidnapped. Muntadhar Al Zaidi, correspondent for the independent Al Baghdadiya television station, said he spent more than two days blindfolded, barely eating and drinking, after armed men forced him into a car as he walked to work in an area of central Baghdad. He never learned the identity of the kidnappers, who beat him until he lost consciousness – and then questioned him closely about his work, but did not demand a ransom. Al Baghdadiya broadcasts from Cairo and is often critical of the government and U.S. military presence in the country.

Why American Democracy Promotion Failed

I heard part of this panel on CSPAN radio yesterday, and found the papers online at the Hudson Institute website. Zeyno Baran raised a question that Michael McFaul, Carl Gershman, Larry Diamond, and other so-called "democracy experts" didn't seem able to answer;

I think the biggest mistakes took place in the broader Middle East region. I was at first very confused about some of the policies; now I understand that the US simply does not understand Islamism, even though it has been an active and increasingly powerful counter-ideology over at least three decades. Islamism is not compatible with democracy; Muslims can be democrats. There is a huge difference.

The prevailing view—that Islamists should be co-opted into existing political systems—simply will not work. The fallacy in this policy of appeasement lies in assuming that an individual or group that sounds moderate in fact is moderate. Often, Islamists are willing to make superficial concessions while continuing to hold an uncompromising worldview.

The academics, analysts and policy makers who argue that a movement like the Muslim Brotherhood today is “moderate” seem to disregard its ideology, history, and long-term strategy. They even seem to disregard the Brotherhood’s own statements. It is true that most affiliates of this movement do not directly call for terrorist acts, are open to dialogue with the West, and participate in democratic elections. Yet this is not sufficient
for them to qualify as “moderate,” especially when their ideology is so extreme. Turning a blind eye to the Brotherhood and its ideological extremism—even if done for the sake of combating violent extremism and terrorism—is a direct threat to the democratic order.

Unfortunately, since 9/11, the US has alienated many of its allies and strengthened enemies in the Muslim world. This is one of the reasons why the US lost the support of the secular movement within Turkey, which is traditionally the domestic constituency most closely allied to the West. It (correctly) perceives US policy as promoting a “moderate Islamist” government in their country—one that can serve as a model for the Muslim world. Yet even the current political leadership coming from an Islamist past opposes to be called “moderate Islamist” and instead prefers “Muslim
democrat” as a description.

Shilbey Telhami also made a clear point:

One would think that since we have so much power and influence to persuade governments in the region even to go along with wars they don’t like, we can also persuade them to reform themselves out of power. This is a naive view. First, for us, the promotion of democracy will always be only a part-time job; for the regimes in the region, staying in power is their full time job—and they know far more about their surroundings than we will ever be able to learn. That alone is a challenge. But there is a far bigger challenge when we are engaged in two demanding wars for the conduct of which we need all the help we can get.

When you are at war, your military and intelligence considerations trump the aid that USAID provides, or the talking points about democracy that your Ambassadors will go through with usually un-empowered subordinates of powerful autocratic rulers. In the war on terrorism, for which good intelligence is paramount and our own capabilities have been demonstrably low, cooperating with the intelligence services in the countries we are trying to reform is essential. Sometimes we can tell good intelligence form bad, but at other times we cannot see that regimes use the relationship to target their own opposition groups. Our military needs the cooperation of the regional military forces for transit, special operations, and basing of forces. In other words, when you are fighting two wars and have over 220, 000 troops to protect, your biggest institutional allies in every country in which you operate are the intelligence and military services—the very backbone of the authoritarian regimes that we are trying to weaken. In other words, our heavy military feet always trump our waving democracy hands.

This suggests that our efforts for transformative reform in the region are not likely to succeed so long as we are at war and have heavy military presence. But we can do more to shrink the gap between public opinion and governments as a prelude to incremental reform. This can only be done by putting forth a new vision for a broader and credible foreign policy that addresses regional concerns beyond democracy itself. It starts with reforming ourselves and restoring our credibility particularly of issues of human rights. It proceeds by working with international institutions to uphold commonly accepted norms and demanding compliance across the board. It pushes for credible reform in which the public can trust, concentrating on areas in which governments in the region may have incentives to cooperate, even if reluctantly. And it ends with the recognition that the power of our example must be restored as one of our greatest assets when it comes to inspiring democracy and human rights around the world.

I had to chuckle when moderator George Stephanopolous asked McFaul and others what the US should do if Egyptian leader Hosni Mubarak (characterized by Larry Diamond with the Islamist epithet "Pharonic") placed his son into the Egyptian presidency--during the reign of George Bush the Second, while Joseph Biden has admitted placing a temporary replacement into his Senate seat to keep it warm for his son, after Barack Obama has nominated Hillary Clinton for Secretary of State (not to mention Chicago's current Blagojevich scandal)...as NY sportscaster Warner Wolf used to say: "Give me a break..."

iPhone's App Store Gold Rush

From Newsweek:

Apple won't say how much money the App Store is taking in, nor will it say how many of the 300 million downloads were free apps and how many were apps that cost money (most apps are free; the others cost anywhere from a buck to $10). Apple gets a 30 percent cut of any revenue generated by apps. But for Apple right now the money isn't the point. The big thing is the race to become the dominant mobile-computing platform, the way IBM-standard PCs running Microsoft operating software—first DOS and then Windows—came to dominate personal computing in the 1980s and early 1990s. The mobile-computing space looks a bit like the early days of personal computers, when different operating systems were competing to be king. A half-dozen smartphone platforms compete in the market, including Symbian (used by Nokia), Windows Mobile, the BlackBerry and Google's Android. Yet another is on the way from Palm, maker of the Palm Pilot and the Palm Treo. Next year Palm will introduce an entirely new operating-system platform for mobile computing. Whichever platform draws the most developers will likely rule the market. Right now "it's a 100-yard dash and Apple is already 75 yards down the track while the other guys are still trying to get out of the blocks," says Ken Dulaney, analyst at researcher Gartner in San Jose.

Half the fun of owning an iPhone is trying out all the cool new apps you can put on it, and developers are cranking things out at a feverish pace. "It's kind of a gold rush," says Brian Greenstone, who runs a tiny outfit (it's just him and a few freelancers) called Pangea Software in Austin, Texas, that has created several hit games for the iPhone, including Cro-Mag Rally and Enigmo. Greenstone, 41, has been writing games for Apple's computers for 21 years. But he says he's never seen anything like the iPhone apps phenomenon, which this year will deliver $5 million in revenue for him. "It's crazy. It's like lottery money. In the last four and a half months we've made as much money off the retail sales of iPhone apps as we've made with retail sales of all of the apps that we've made in the past 21 years—combined." Business is so good that Greenstone won't even bother writing for the Mac anymore. Besides, Greenstone says, iPhone apps are easy to create: some get cranked out in just two weeks by a single developer. "Some kid in his bedroom can literally make a million bucks just by writing a little app," Greenstone says.

What Borat Didn't Tell You About Kazakhstan...

It has Ghengis Khan as an ancestral ruler--and a film industry developed by the USSR. They combine in Mongol-- a slow but memorable epic and coming-of-age story, directed by Sergei Bodrov that someone I know and yours truly watched the other night. Somehow the scenes of young Temujin (Ghengis Khan's boyhood name) communicating with wolves and dogs went deep into the unconscious. Well worth getting from Netflix. A bit too much "ultra-violence" for the videogamers out there, but I fast-forwarded through that stuff. On the other hand, lots of beautiful horses, landscapes, costumes, Asian actors (from Japan, China, & Kazakhstan) as well as yurts. Plus, the film seems to be in Mongolian, which is not something one hears everyday...

Camille Paglia on Hillary Clinton

From Salon:

As for Obama's appointment of Hillary Clinton as secretary of state, what sense does that make except within parochial Democratic politics? Awarding such a prize plum to Hillary may be a sop to her aggrieved fan base, but what exactly are her credentials for that position? Aside from being a mediocre senator (who, contrary to press reports, did very little for upstate New York), Hillary has a poor track record as both a negotiator and a manager. And of course both Clintons constantly view the world through the milky lens of their own self-interest. Well, it's time for Hillary to put up or shut up. If she gets as little traction in world affairs as Condoleezza Rice has, Hillary will be flushed down the rabbit hole with her feckless husband and effectively neutralized as a future presidential contender. If that's Obama's clever plan, is it worth the gamble? The secretary of state should be a more reserved, unflappable character -- not a drama queen who, even in her acceptance speech, morphed into three different personalities in the space of five minutes.

Given Obama's elaborate deference to the Clintons, beginning with his over-accommodation of them at the Democratic convention in August, a nagging question has floated around the Web: What do the Clintons have on him? No one doubts that the Clinton opposition research team was turning over every rock in its mission to propel Hillary into the White House. There's an information vacuum here that conspiracy theorists have been rushing to fill.

Daniel Pipes on Mumbai Attacks

From DanielPipes.org:

If terrorism ranks among the cruelest and most inhumane forms of warfare, excruciating in its small-bore viciousness and intentional pain, Islamist terrorism has also become well-rehearsed political theater. Actors fulfill their scripted roles, then shuffle, soon forgotten, off the stage.

Indeed, as one reflects on the most publicized episodes of Islamist terror against Westerners since 9/11 – the attack on Australians in Bali, on Spaniards in Madrid, on Russians in Beslan, on Britons in London – a twofold pattern emerges: Muslim exultation and Western denial. The same tragedy replays itself, with only names changed.

Muslim exaltation: The Mumbai assault inspired occasional condemnations, hushed official regrets, and cornucopias of unofficial enthusiasm. As the Israel Intelligence Heritage & Commemoration Center notes, the Iranian and Syrian governments exploited the event "to assail the United States, Israel and the Zionist movement, and to represent them as responsible for terrorism in India and the world in general." Al-Jazeera's website overflowed with comments such as "Allah, grant victory to Muslims. Allah, grant victory to jihad" and "The killing of a Jewish rabbi and his wife in the Jewish center in Mumbai is heartwarming news."

Such supremacism and bigotry can no longer surprise, given the well-documented, world-wide acceptance of terror among many Muslims. For example, the Pew Research Center for the People & the Press conducted an attitudinal survey in spring 2006, "The Great Divide: How Westerners and Muslims View Each Other." Its polls of about one thousand persons in each of ten Muslim populations found a perilously high proportion of Muslims who, on occasion, justify suicide bombing: 13 percent in Germany, 22 percent in Pakistan, 26 percent in Turkey, and 69 percent in Nigeria.

A frightening portion also declared some degree of confidence in Osama bin Laden: 8 percent in Turkey, 48 percent in Pakistan, 68 percent in Egypt, and 72 percent in Nigeria. As I concluded in a 2006 review of the Pew survey, "These appalling numbers suggest that terrorism by Muslims has deep roots and will remain a danger for years to come." Obvious conclusion, no?

Western denial: No. The fact that terrorist fish are swimming in a hospitable Muslim sea nearly disappears amidst Western political, journalistic, and academic bleatings. Call it political correctness, multiculturalism, or self-loathing; whatever the name, this mentality produces delusion and dithering.

Nomenclature lays bare this denial. When a sole jihadist strikes, politicians, law enforcement, and media join forces to deny even the fact of terrorism; and when all must concede the terrorist nature of an attack, as in Mumbai, a pedantic establishment twists itself into knots to avoid blaming terrorists.

Politico: Valerie Jarrett Was Blagojevich's Senate Bargaining Chip

Ben Smith reports on the Obama advisor's role in the fall of Illinois Governor Rod Blagojevich:

The transition hasn't yet responded to questions about Rod Blagojevich's indictment, but the key question is whether the transition was talking to prosecutors, whether Obama and Valerie Jarrett knew that Blagojevich had offered her the Senate seat in exchange for a labor job, and how she, the transition, or SEIU handled the solicitation of a bribe. (The existence of a transcript suggests that the SEIU official -- Andy Stern, the president, had met with Blagojevich just before the election on the subject, though nobody is identified in the complaint -- was wearing a wire.)

One piece of speculation: Jarrett's abrupt withdrawal from consideration for the Senate seat suggests Obama's circle aware of the investigation.

It is clear from the complaint that Obama refused to offer Blagojevich anything for appointing Jarrett.

"ROD BLAGOJEVICH said he knows that the President-elect wants Senate Candidate 1 for the Senate seat but 'they’re not willing to give me anything except appreciation. F*** them,'" says the complaint.

Arianna Huffington on Bush's Reverse Darwinism

From today's Huffington Post:

Among its myriad failings, the Bush administration has repeatedly gotten it wrong when it comes to getting it right. Over the last eight years, there has consistently been no penalty for those who have gotten things - even the most important things - wrong, and no reward for those who have gotten things right.

Call it Bush Darwinism: survival of the unfittest.

Over the weekend, Barack Obama made an encouraging move to reverse that unintelligent design by appointing retired General Eric Shinseki to be the Secretary of Veterans Affairs. While having had a long and distinguished career, Shinseki is most famous for getting it right when it came to Iraq - and for suffering the consequences typical in the Bush administration for getting it right: being shown the door.

"Separate but Equal" in American Higher Education?

Mark S. Langevin teaches political science at the University of Maryland's University College. He published an oped in today's Baltimore Sun arguing that adjunct faculty are part of a "separate but equal" system in American higher education:

In some ways, UMUC is similar to the East Louisiana Railroad car that Homer Plessy boarded on June 7, 1892. Just as railroads served to propel the U.S. toward progress in the 19th century, UMUC plays a key role in creating a future of global opportunities for thousands of adult students in Maryland and throughout the world, offering bachelor's and master's programs, a doctoral program and a multitude of certificate programs and numerous online offerings. Last year, UMUC enrolled more than 90,000 students in three continents. UMUC could grow by 50 percent in the next decade, by far the largest increase in the University System of Maryland. Unfortunately, the burden of such expansion will fall upon those least able to afford it: students and faculty.

UMUC resident students pay 400 percent more toward their educational expenses than the state's share. At College Park and Frostburg State, students pay only 80 percent of what state taxpayers do. Multiplying the inequality, only 33 percent of UMUC undergraduates receive financial aid, compared with a majority of students enrolled at peer institutions. It gets worse. UMUC has no tenured faculty, only a tiny team of full-time professors with short-term contracts lost among the legions of part-time faculty. More than 80 percent of UMUC faculty are contracted one course at a time.

UMUC's faculty model doubles down on inequality by forcing students to the back of the higher-education bus along with their part-time professors who earn only a third of what full-time professors at peer schools in Maryland earn for comparable work.

Shinseki Good Choice for VA

The Chicago Sun-Times explained why in its lede:

The very man rejected by the Bush administration for warning that Iraq would be no cakewalk is President-elect Barack Obama's choice to be Veterans Affairs secretary.

Eric Shinseki, 66, was Army chief of staff when months before the Iraq war was launched, he warned that several hundred thousand troops would be needed -- more than the Bush administration planned.

He also warned that ethnic rivalries would break out and that American troops would face a long, difficult clean-up afterward. Bush administration officials repudiated Shinseki's remarks.

But on Sunday, Obama said, "He was right."

My guess this appointment might indicate that Shinseki may be in line for the Defense Secretary job, when Gates steps down...

My Bas Relief of Anton Chekhov as a Young Man

Based on Levitan's portrait:

From 20081207

Yet One More Reason Hillary Should Not Be Secretary of State

Today's story in the NY Times about Bill Clinton's recent $200,000 speech for a suspicious Malaysian businessman embroiled in controversy and legal problems:

Mr. Clinton promoted the Petra Group’s new deal on Friday, telling the audience, “One of the biggest rubber shoes and boots manufacturers, Timberland, is replacing the soles of its shoes it makes with this man’s green rubber technology.”

Mr. Clinton often praises companies that pay him to speak. In 2001, he received $125,000 from an Illinois management consulting company called International Profit Associates. It was later revealed that the Illinois attorney general was investigating accusations of deceptive marketing tactics by the company.

After a start-up Web search site named Accoona donated $700,000 worth of stock to his foundation, Mr. Clinton praised the company at a corporate event in December 2004.

“I hope you all get rich,” he told Accoona executives, “but, remember, you are doing something good for humanity as well.”

Another Reason Hillary Should Not Be Confirmed as Secretary of State

From the AP, this story of what looks like a corrupt practice:

The Clintons plan a New York City fundraiser this month, which will give donors a final chance to buy some face time with the future secretary of state.

Aides said the New York senator will try to avoid doing anything that suggests she is leveraging her new post for fundraising advantage. But the appearance of a conflict of interest is always possible when people give campaign money to politicians.

"If nothing else, there's the embarrassment element," said Brad Smith, a former Federal Election Commission chairman. "A secretary of state trying to raise campaign money is kind of ugly."

Obama's team sent an e-mail Friday, signed by Vice President-elect Joe Biden, asking supporters to help Obama fulfill a pledge to whittle Clinton's campaign debt."

This story reminds one of the continuing scandal surrounding Hillary fundraiser Norman Hsu reported in November by the San Jose Mercury News:

A state appeals court Tuesday upheld a three-year prison term for disgraced political donor Norman Hsu, whose hefty campaign contributions to prominent politicians amid a life on the lam at one point thrust his name into last year's presidential primary campaign.

In a unanimous ruling, the San Francisco-based 1st District Court of Appeal rejected Hsu's bid to overturn his fraud conviction and sentence, which dated back to a 1992 San Mateo County criminal case involving a $1 million investment scam. A San Mateo County judge sentenced Hsu to the three-year prison term in January, prompting the appeal.

Hsu's troubles came to light after news reports revealed he was a fugitive on the San Mateo County charges, skipping bail in 1992 after pleading no contest to the fraud allegations. Hsu had been a major fundraiser for prominent Democrats, including Sen. Hillary Clinton, and his plight attracted nationwide attention. Many of the politicians who received contributions from Hsu returned the money or gave it to charity after the revelations.

Is Afghanistan Lost?

Just found this announcement for an upcoming Harvard University seminar in my inbox

Is Afghanistan Lost?
A panel discussion on Afghanistan: Development, Human Rights and Security

Date: December 8, 2008
Time: 1:30-3:00pm
Location:
Malkin Penthouse, 4th Floor
Littauer Building
Harvard Kennedy School
79 John F. Kennedy St.
Cambridge, MA. 02138

Moderator:

Samantha Power, Anna Lindh Professor of Practice of Global Leadership
and Public Policy at the Harvard Kennedy School

Panelists:

Steve Coll, President, New America Foundation, author of Ghost Wars:
The Secret History of the CIA, Afghanistan, and Bin Laden, from the
Soviet Invasion to September 10, 2001, which won a Pulitzer Prize in
2005 and The Bin Ladens: An Arabian Family in the American Century

Mark Garlasco, Senior Military Analyst, Human Rights Watch

Maleeha Lodhi, Fellow, Harvard Kennedy School Institute of Politics,
former Pakistani Ambassador to the U.S.

Barnett Rubin, Director of Studies, Center for International Conflict,
New York University, author of The Fragmentation of Afghanistan: State
Formation and Collapse in the International System and The Search for
Peace in Afghanistan: From Buffer State to Failed State

Sponsored by the Center for Middle Eastern Studies, Carr Center for
Human Rights Policy, the University Committee on Human Rights, Harvard
Law School Human Rights Program, and the Initiative on contemporary
state and society in the Islamic world.

More from Dawn:

PARIS, Dec 4: France has invited a dozen states to a conference on Afghanistan on Dec 14 to enlist the support of neighbouring countries in a stepped-up effort for peace, officials said on Thursday.

“Apart from Afghanistan and its immediate neighbours (Pakistan, Iran, Turkmenistan, Uzbekistan, Tajikistan), India and China have been invited as countries from the region,” said a French foreign ministry spokesman.

The United Nations special representative for Afghanistan, Kai Eide, has been invited to the informal ministerial meeting along with representatives of the United States, Britain and Russia, he said.

EU foreign policy chief Javier Solana was also due to attend the Paris talks, six months after a donors’ conference in France, which currently holds the EU presidency, raised $20 billion for reconstruction in Afghanistan.

French officials see Pakistan, alleged to be the staging ground for Taliban attacks, as key to stabilising Afghanistan, which remains mired in poverty and violence more than six years after US-led forces drove the extremist militia out of Kabul."

Caroline Kennedy for US Senate

ABC News has reported speculation that NY Governor Patterson may appoint Caroline Kennedy to Hillary Clinton's Senate Seat. Sounds good to me (this blog recommended her for VP). Full disclosure: Caroline danced with a schoolmate of mine at a mixer about 35 years ago...he said she was very nice. (ht Huffington Post)

This just in...

Google just let me know about this item on Courthouse News Service from October:

CIA Info On Uzbek Massacre Demanded

WASHINGTON (CN) - Conservative culture critic Laurence Jarvik sued the CIA in a federal FOIA complaint demanding information on Uzbekistan's massacre of protesters on May 13, 2005, and events before and after the slaughter.

After wrangling over fee waivers, Jarvik says he agreed to pay the fees, but the CIA refuses to cough up any documents. Jarvik, known as a critic of the Public Broadcasting System, is represented by Matthew Simmons of Bethesda, Md.