Some weeks ago I posted that Egypt may be changing our world.
I have my headphones on and am listening to a report from ITN on PBS, my preferred method of watching the news without actually watching. Libya and Bahrain appear to be in genuine revolt. In Bahrain, amidst violence from the government, they’re crying ‘where are the Americans; where are the Brits?” In Libya, the reporter says they don’t care what the US or Brits want or think. Just hearing these things is a bit jarring.
And then there’s no way of knowing the effect of the US veto in the UN today condemning the ongoing Israeli settlements. The issue is neither the UN’s attempt at condemnation nor the US veto. The issue is will it have any effect on what’s hapepning in the Arab world and if so, what?
By the way, a million showed up today in Cairo – a million – to ‘keep hope alive’. They’re not done by any means. More clashes could come.
Egypt may be changing our world.
Posted in Current Events, Egypt
Tagged Arab world, Bahrain, Cairo, democracy, Egypt, ITN, Libya, PBS, revolution, The News HOur
When Bill Moyers retired from PBS, that network looked around for ‘talent’ and settled on Newsweek editor Joh Meacham (or, as he’s often snarkily called in the blogsphere, Parson Meacham). PBS saw wide eyes and a sober facial expression and detected gravitas. (Like all of us who are aging, PBS could use some glasses.) But what PBS missed is that Meacham is a true villager – proud of his place in the media firmament, certain he belongs there and admiring of his fellows who occupy that little land with him.
I just saw him on Morning Joe playing the sidekick and chuckling at all the schoolboys antics of the regulars. That’s some gravitas alright.
If I used every superlative at my disposal, I don’t think I could adequately describe what I was privileged to see last night. PBS broadcast the Lincoln Center production of South Pacific – live, with the original cast. The show, which opened about two years ago is about to finish its run. It won nearly every award there is. I never thought I’d have an opportunity to see it. But I did.
Thank you public television. Thank you the Corporation for Public Broadcasting. I’m richer today for having seen this last night. (And thank you Steve for insisting I watch.)
On CSpan this morning is Simon Johnson, an economist who knows stuff. He referred to the regulatory apparatus in the U.S. as Byzantine. He said that when AIG was moving into reckless territory and inventing all those interesting new ways of conducting business, they went ‘regulator shopping’. And that was possible in the labyrinth of our system. Of course, many of the other big boys did the same thing.
courtesty Newsweek (I hope)
Interestingly, Johnson keeps his own money in a community bank in Massachusetts and a credit union in D.C. He endorsed the Move Your Money movement. (Go here to find a bank/credit union in your area.)
Last night, PBS re-aired their Frontline documentary about Brooksley Borne, the only regulator (somewhere in FDIC) who warned the Federal government (in the 1990’s) about the new ‘credit default swaps’. Unregulated, she warned, they would destroy us. But that was an inconvenient warning for the trio at the top of the US system – Bob Rubin, Larry Summers (and Alan Greenspan). They put a stop to her right quick! Rubin’s deputy was Timothy Geitner. Bet these fellas are thrilled to be back in charge. (You can watch it at the link.)
Obama may have to answer for that.
But I’ll bet the troops in Afghanistan – and Yemen according to Michael Isikoff this morning – are a little too busy to follow the career paths of the nation’s eminent economists. Because they’re busy fighting a war on this 131st day of the ninth year of that war.