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Code Pink & Mr. Liddy

Oh those indomitable, incorrigible ladies from Code Pink are at it again….

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Cityfile New York has an update on the proceedings, but I found this few sentences charming, although it’s not as fun as hanging at firedoglake or Jack & Jill Politics.

Oh, and every once in a while, those crazy ladies from Code Pink get bitched out by the old white men in suits who don’t much appreciate their presence, although it’s also a little unclear why they were even allowed to step inside in the first place. They’re kind of easy to spot, ya know? They’re dressed in pink! And they’re women! Whatever. In the meantime, you’re all caught up. And you’re welcome.

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Eddy Liddy Doesn’t Get It

Anyone know if he’s related to the infamous G. Gordon Liddy?

Sooo – Rep. Judy Biggert (R-IL) just asked Liddy if AIG had not received bailout funds, would those bonuses been paid out?  “No.” he said, “Probably not.”  With an explanation about going into bankruptcy.

Last night on Rachel Maddow’s show, Sen. Ron Wyden (D-OR) was on explaining the amendment he and Olympia Snowe (R-ME) had in the stimulus bill.  Below:

MADDOW:  Back in early February, you and Senator Snowe added an amendment to the stimulus bill that, I think, would have prevented AIG from giving out these millions of dollars worth of bonuses.  That amendment was taken out of the bill.

Am I right that your amendment would have stopped what we are experiencing right now?

WYDEN:  You are right.  And that‘s what‘s so sad about this situation.  It simply didn‘t mean to happen.  What happened, Rachel, was we got it through the United States Senate and then like, with so many issues, all the lobbyists came out in droves and somehow magically, the amendment disappeared.  It seems to me now we‘ve got an opportunity to get this job done right but it didn‘t have to happen.

In talking to my boss just a bit ago, she said this is the kind of stuff that drive people to get guns and kill people.  I’m not so inclined myself, but I do think there are undoubtedly people who are desperate enough to not give a rat’s ass or one shit.  Mr. Liddy may need to be a bit more careful than usual.

In watching for the few moments just now, it seems Mr. Liddy is more determined to let ‘everyone know’ what he thinks or how he views this fiasco.  The thing is – we don’t.  Liddy just told the representative  battering him with questions, Mr. Lynch (D-MA), he wasn’t there yet – sooo – it’s not HIS fault.  See?  Emptywheel is live blogging at firedoglake, and Jane – being Jane – has this up on Mr. Liddy.

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If I have the timeline correct, Mr. Liddy was CEO of Allstate during the Katrina debacle when Allstate refused to pay claims.  Have to check that out.

Update-1:  It was Rep. Lynch from Massachusetts who was battering Eddy Liddy with questions.  The funniest exchange, I swear, was when Mr. Liddy said he was offended, and Mr. Lynch replied, “Offense was meant.”   A real laugh-out-loud moment, and here’s a bit on that exchange with some other observations.

Visualizing the Credit Crisis

The workingness of visual aids!

Vodpod videos no longer available.
Great work by Jonathan Jarvis.

The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California.

For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jonathanjarvis.com.

Workers Riot in France

The Sony plant in Pontonx-sur-l’Adour, France where some ‘disagreement‘ over severance packages for those workers losing their jobs resulted in the CEO and HR director taken hostage and held overnight.

Interestingly enough:

A project will convert it into a solar panels factory, and 311 workers at the plant, south of Bordeaux, are to lose their jobs.

The video below is from Al-Jazeera.

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Openings & Closings in My Neighborhood

Sportman’s Warehouse in Nampa is closing – one of 23 across the country. While reading about that a commenter mentioned Joe’s filing for bankruptcy.  There was no other explanation.  They filed bankruptcy protection, Chapter 11, on Wednesday last week, March 4th.  Joe’s has 2 stores in Idaho with one in Meridian (Eagle Road) and the other over by Costco in Nampa.  We like Joe’s.

Joe’s said it plans to keep all 30 of its stores in the Northwest open and will continue to pay its employees wages and benefits. To fund its operations, it said it has obtained $50 million in new borrowing from Wells Fargo Retail Finance.

Then there’s Gino’s Italian Ristorante downtown. Continue reading

Jon Stewart’s Analogy

Jon Stewart was on David Letterman’s show the other night and made a compelling analogy between the 24-hour cable/financial networks covering the doom-and-gloom of the financial crisis with, well, an inept Weather Channel – which, having watched some of the Weather Channel’s programming, as well as forecasting, just wouldn’t happen.

Op-Ed News has this article written by Will Bunch entitled, ‘What Battered Newsrooms can Learn From Stewart’s CNBC’s Takedown’

You know, sometimes people do some crazy stuff when they realize their days are numbered.  I don’t have the answers to problems facing American journalism — not my own newsroom, mired in Chapter 11, nor the others that face a possible death sentence. But fighting for life will mean living each day like it was your last, with passion, anger and laughter, the way The Daily Show shined a light on a crevice of the nation’s battered economy on Wednesday night.

Right on, dude…

Ohmigawd – Micron Again

My sister has been having a tough time finding another position within the school district.  She had another job interview last Friday but it went to someone else.

And now this.

Micron Technology says it will cut about 500 more jobs soon and up to 1,500 additional jobs by the end of August…..

The latest layoffs were not anticipated or included in Micron’s earlier 15 percent global workforce reduction announcement last October.

I wonder if this will change the governor’s take on the stimulus package.