Archive for October, 2013

John Bleeping Carney

Filed in Delaware, National by on October 31, 2013 10 Comments
John Bleeping Carney

John Bleeping Carney. One of 30 ‘Democrats’ to vote to enable ‘financial advisors’ to continue to rip you off. Worse than useless. Check out this article from Daily Kos:

The Labor Department proposal, known as the “fiduciary rule,” would change the ethical standards by which employer-based retirement products like 401(k)’s and IRAs are marketed and sold. The rule has not been updated since 1975, before 401(k)’s and IRAs even existed. The Labor Department wants to broaden the definition of a “fiduciary” to cover all financial advisers who offer individual investment advice for a fee. Under the rule, they would be legally required to work in the best interest of their clients. For example, a fiduciary would not be able to push investment products on customers in which they have a financial stake.

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Delaware ranked 5th best state for women

Filed in National by on October 31, 2013 22 Comments
Delaware ranked 5th best state for women

The Center for American Progress (CAP) report, “The State of Women in America,” uses 36 different health, economic, and leadership factors to measure disparities between states and rank the best and worst states for women.” Delaware women don’t have it so bad (relatively speaking). We are fifth overall and our gals make $0.81 for every dollar men make for the same job. The national average is $0.77 – so not too shabby ladies. Maryland is number 1 by that measure. They pay their daughters $0.85 for every dollar their sons make doing the same job.

The worst states in which to be a non-man are predictably, more often than not, in the south. Louisiana’s Mesdames et Mesdemoiselles take down a measly $0.67 compared to their Messieurs. [...]

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The myth of “shareholder primacy” continues to crumble; employers, employees and shareholders win

Filed in National by on October 31, 2013 24 Comments
The myth of “shareholder primacy” continues to crumble; employers, employees and shareholders win

When I was getting my MBA 10 years ago, the manifold virtues of shareholder primacy were so ingrained in the culture of business academics that, while they informed every bit of the curriculum, they were only discussed in passing. There was no more attention paid this foundational concept than you would pay attention to the concept of addition in a calculus class. Fortunately that is changing.

Lynn Stout, the Distinguished Professor of Corporate and Business Law at Cornell Law School, helps move shareholder primacy into a coffin and provides some coffin nails for the myth that has wrecked our economy in her most recent book, The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations and the Public. This abstract of the book explores the logical connections between the 40 year rise of shareholder value thinking and subsequent declines in investor returns, numbers of public companies, and corporate life expectancy. It also shows that shareholder primacy is an bullshit economic theory, completely lacking in support from history, law, or empirical evidence. [Set aside a few minutes to read the whole thing.]

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Happy Halloween Daily Delawhere [10.31.13]

Filed in National by on October 31, 2013 4 Comments
Happy Halloween Daily Delawhere [10.31.13]

From Van Luvender on Flickr.

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NSA Is Out Of Control. Time To Rein It In.

Filed in International, National by on October 30, 2013 10 Comments
NSA Is Out Of Control.  Time To Rein It In.

James Clapper, the Obama Administration’s Director of National Intelligence has said NSA does not “wittingly” collect data on citizens. General Keith Alexander, NSA’s Director as well as his predecessor have testified that NSA is not spying on or collecting data on citizens. Even the Chair of the House Intelligence Committee has told the media that the American intelligence community is not intrusively monitoring the communications of our citizens without a warrant.

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Wednesday Open Thread [10.29.13]

Filed in National, Open Thread by on October 30, 2013 9 Comments
Wednesday Open Thread [10.29.13]

The News Journal has a haunted house expose up. Here is an interesting tidbit from the story:

Former Delaware GOP Chairman Terry Strine, for example, feels exactly the opposite of Milliken about his home near Centreville where a Delaware socialite was beaten to death in her first-floor bedroom in 1967. He finds it “totally illogical, irrational and psychologically crazy” that anyone would be spooked from buying the house where Katharine “Kaa” Thompson Wood died.

In fact, he enjoys conversing with the undead spirits every night as he refines the latest Republican talking points.

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Taxpayers Should Stop Subsidizing Low Wage Jobs

Filed in National by on October 30, 2013 34 Comments
Taxpayers Should Stop Subsidizing Low Wage Jobs

Bill Maher on Friday went to town on the hypocrisy of small government conservatives fighting efforts to increase minimum wages and to get corporations to pay a fair wage.

Just for the fast food industry alone, American taxpayers pay $7 billion in public assistance programs because fast food workers aren’t paid enough to feed their families:

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Wednesday Daily Delawhere [10.30.13]

Filed in Delaware by on October 30, 2013 0 Comments
Wednesday Daily Delawhere [10.30.13]

From Van Luvender on Flickr.

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Rampant child rape and abuse going unreported

Filed in National by on October 29, 2013 4 Comments

A new study says that each year approximately 7,500 children are admitted to U.S. hospitals having been raped and more than 500 children die during hospital admission as a result of rape.

An abstract of the study, titled “United States Child Rape–Disturbing Trends,” was presented on Sunday by researchers at the American Academy of Pediatrics (AAP) National Conference and Exhibition in Orlando, Fla.

 

Why isn’t it a national scandal that this isn’t covered in the media? It is almost as if someone is covering it up? Oh wait. I changed “gunshot” to “rape.” Here is the original.

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Tuesday Open Thread [10.29.13]

Filed in Open Thread by on October 29, 2013 32 Comments
Tuesday Open Thread [10.29.13]

So last night I attended the Delaware Democratic Party’s annual Jefferson-Jackson Dinner. My thoughts:

1) Dem Party Chair John Daniello really hates the 21st Century. He hates the blogs. He hates social media. The venom that dripped off the word “blogs” as he said it was amazing. I looked across my table to a particular State Representative as he said and said “Boy does he hate me.” The Representative laughed. The point Daniello was making was that the people in that room are what is important, not blogs and Facebook or Twitter. I wonder if Daniello realized just how many bloggers and former bloggers and users of Twitter and Social Media were in that room.

2) Senator Carper needs to stop drinking caffeine around noon or so. The man spoke at warp speed and wandered around the stage with a microphone in his hand making jokes like he was Robin Williams. Too bad he wasn’t as funny as Robin Williams. Also, Tom, for the love of God, it is the DemocratIC Party. I know you just love love love your Republican friends (or should I say Republic friends), but you have been talking like them for far too long.

Come inside for more…

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Live blogging Flowers/El Somnambulo on Al’s show

Filed in National by on October 29, 2013 51 Comments
Live blogging Flowers/El Somnambulo on Al’s show

I missed Flowers this AM, but I’ll be putting my comments and observations in the comments section.

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Tuesday Daily Delawhere [10.29.13]

Filed in Delaware by on October 29, 2013 0 Comments
Tuesday Daily Delawhere [10.29.13]

From ‘Was Thursday’ on Flickr. This is a stone bridge at Winterthur.

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Late Night Video — Chip Flowers Takes His Denial Tour to TV

Filed in Delaware by on October 28, 2013 21 Comments
Late Night Video — Chip Flowers Takes His Denial Tour to TV

Apparently The People’s Treasury has plenty of time to yak it up with the local news media. NOT to give them the records they request and even FOIA, but he can talk to them. This one is from NBC10:

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Breaking Political News (As If You Needed More…)

Filed in Delaware by on October 28, 2013 8 Comments
Breaking Political News (As If You Needed More…)

Octogenarian Sen. Bob Venables (D-Mars) has sent a letter to his Senate colleagues announcing that he will seek reelection. This is the opposite of what he was telling his colleagues and constituents two years ago, when he said he’d run for one more two-year term.

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Senate Dems back pre-surrendering strategy on budget

Filed in National by on October 28, 2013 43 Comments
Senate Dems back pre-surrendering strategy on budget

Read this from from the national journal and tell me if you don’t see the hand of Tom Carper stabbing seniors in the back.

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Chip Flowers’ Pictures from Denali

Filed in Delaware by on October 28, 2013 42 Comments
Chip Flowers’ Pictures from Denali

So there’s been plenty of questions about where were Chip Flowers and his Deputy Erika Benner the days after their NAST conference ended in Anchorage. Flowers said he stayed in Anchorage to meet people. Benner went to Talkeetna to meet people. But she reserved a room for two people and certainly spent enough in food […]

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The 62 Project: #’s 27 & 35

Filed in Delaware by on October 28, 2013 15 Comments
The 62 Project: #’s 27 & 35

Rebecca Walker has, on paper, the kind of background I look for in a legislator–demonstrated accomplishment in arenas other than politics. She’s both a nurse and an attorney, and has practiced in each field. Ernie Lopez first ran for office in New Castle County. I voted for him. Why? Because he was clearly the better candidate when he ran against the ghastly Paul Clark for County Council President in 2004.

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15 years ago, Congress kept Mickey Mouse out of the public domain. Will they do it again?

Filed in National by on October 28, 2013 0 Comments
15 years ago, Congress kept Mickey Mouse out of the public domain. Will they do it again?

15 years already? I remember when this money grab went down. If you ever want to get pissed off at the BILLIONS in welfare that gets doled out to wealthy individuals and corporations, just look at copyright law. It is a sick joke. I distinctly remember writing to Senator Joe Biden’s office to tell him that extending copyrights on books that should be moving into the public domain (like the Great Gatsby, for example) amounted to a HUGE tax on schools and school districts. His response was, “Go fuck yourself. The Gershwin’s and Disney just wrote me some fat checks. What have you contributed?”

Something to that effect. Maybe that’s a paraphrase.

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This is the type of ad that should be run against every Republican next year

Filed in National by on October 28, 2013 7 Comments

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Record Gun Violence in Wilmington

Filed in Delaware by on October 28, 2013 22 Comments
Record Gun Violence in Wilmington

As of today, there were 137 incidents of gun violence in Wilmington (not quite 11 months into the year) which surpasses last year’s incident total of 119. Deaths as a result of gun violence (see the NJ article) is down (14 homicides vs 25 — 15 vs 25 as of Sunday) from last year though. We’ve seen lots of reports of armed robberies, which seem to be up (but no data) and if there was any confidence in the Williams’ Administration’s ability to get a handle on Wilmington’s violent crime problem, that confidence is now waning. Alot. Sunday, the 136th victim of gun violence was shot at 7th and Washington. Just a few blocks away from the Market St patrols that manage panhandlers. Also on Sunday, the 137th victim of gun violence was shot at 24th and Washington.

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Monday Open Thread [10.28.13]

Filed in National, Open Thread by on October 28, 2013 2 Comments
Monday Open Thread [10.28.13]

We have a lot inside here today. A nice little chart that shows us when most people in Massachusetts signed up for the Exchanges in RomneyCare back in 2007. Some new polling showing that the Republican Governors in Kansas and Wisconsin may be in a little trouble. A picture of a classless and racist Halloween costume regarding Trayvon Martin. And it seems that Pot is the new culture war wedge issue, which of course means, we won the culture war.

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State Rep. Paul Baumbach on Student Testing

Filed in National by on October 28, 2013 0 Comments

State Representative Paul Baumbach and Senator Bryan Townsend recently took the 10th Grade version of Delaware State Student Test. Luckily, they passed. Rep. Baumbach appeared on Comcast Newsmakers to talk about his experience and the correlation between education funding and test scores.

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Monday Daily Delawhere [10.28.13]

Filed in Delaware by on October 28, 2013 0 Comments
Monday Daily Delawhere [10.28.13]

From DKLaughman on Flickr. This is a farm irrigation system in Harrington, Delaware.

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Late Night Video — RIP Lou Reed

Filed in National by on October 27, 2013 8 Comments
Late Night Video — RIP Lou Reed

Lots of Lou Reed and Velvet Underground memories being written today as Mr. Reed died today of currently unknown causes. I got to hear him once live at Constitution Hall in DC and hoped that the Daughters of the American Revolution were rolling in their graves. This video of Street Hassle is about the era of that concert (but this one performed in Spain):

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Chip Flowers Does Not Know the Difference Between Epic Spin and Transparency

Filed in Delaware by on October 27, 2013 36 Comments
Chip Flowers Does Not Know the Difference Between Epic Spin and Transparency

There’s more on Chip Flowers and his inability to manage the travel budget of his organization today in the NJ. And at this point, this is more about his inability to live up to the transparency he keeps promising and the failure of his epic spin to get him out of this thing.

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