Enron, which is packing the Royal Court Theatre nightly before it heads off to the West End at highly inflated ticket prices, is worth it. It’s a bit disenheartening that Lucy Prebble, whose second play it is, can turn out such an accomplished piece of work at such a tender age—she’s all of 28. But it’s great theatre—it covers the bases, it’s pretty funny throughout and highly funny in spots, and if it overdoes some of the symbolism at time, it captures how Enron fit into the American imagination of the time. And it moves right along, without a dead spot all evening. Prebble understands that Enron is a quintessentially American story, one of a business so intertwined with politics and funny money and that curious belief in unfettered markets that no one ever seems to learn from. That she is able to turn this story of a confused mixture of greed and ideology into a fine theatrical evening is a considerable accomplishment. Full Story »

Well now, the paper of what, why didn’t anyone tell us? record has stumbled across information suggesting that Ahmed Wali Karzai is on the CIA’s payroll. Yeah, that Ahmed Karzai who had the Senate’s panties all in a bunch as recently as August for his purported role in the Afghan opium trade.

According to the paper of sure we’ll lie to help you invade Iraq record, Mr. Karzai was paid for “a variety of services” that included raising a paramilitary force. You don’t say…

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Been wondering what Tom Daschle’s been doing since he bowed out of a nomination to President Obama’s cabinet because of a peculiar Washington disease — not paying taxes?

According to The New York Times, former Sen. Daschle has been spending quality time in the White House holding forth on health-care reform. Reports The Times: “He still speaks frequently to the president, who met with him as recently as Friday morning in the Oval Office. And he remains a highly paid policy adviser to hospital, drug, pharmaceutical and other health care industry clients of Alston & Bird, the law and lobbying firm.”

He says he’s not a lobbyist. He says he’s a “resource” for his clients and former legislative colleagues. “I do not tailor my views to any specific group or client.”

How believable — or unbelievable — is that claim?
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Let’s begin with a brief Q&A with America.

Q: Let’s say you’re sick with a potentially deadly disease. Who do you want for a doctor?
A: The smartest, most experienced and highly qualified expert in the field.

Q: You’re looking to invest your life savings. Who do you trust to handle your money?
A: The brightest, most agile financial mind I can find.

Q: You’ve been selected to participate in a “private citizens in space” program. Who do you want in charge of building the rocket? Full Story »

A week after the election of Barack Obama as the 44th president of the United States, the chief of his transition team, John Podesta, served notice that the president would make good on his campaign promise of change in the area of ethics. In a statement, Mr. Podesta said:

President-elect Barack Obama has pledged to change the way Washington works and curb the influence of lobbyists. … During the campaign, federal lobbyists could not contribute to or raise money for the campaign. … [T]he president-elect is taking those commitments even further by announcing the strictest, and most far reaching ethics rules of any transition team in history.”

Presumably, that means President Obama wishes to end the pay-to-play philosophy that pervades the practice of politics. Well, he’s got some explaining to do, because what he promises is not always what he does.
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by Phil Rockstroh

Even as President Barrack Obama waxed eloquent in Cairo, Egypt, on the moral imperatives of the community of nations, public opinion polls released in the United States revealed that, by a substantial percentage, its citizens believe torture is an acceptable option for interrogation of suspects deemed terrorists by various US governmental agencies. In addition, other polls show a majority of the American public hold the opinion that the all-American theme park of state torture, located at Guantánamo Bay, Cuba, should remain open for business and continue to welcome guests from around the globe, taking them for the ride of their lives through the dark id of the American psyche.

These revelations should not come as a shock. Torture, official secrecy, and other sundry apparatus and accouterments of the national security state are about the only viable enterprises remaining in this declining nation. Full Story »

Gerg wasn’t a monster, they insisted.

He was big. He was temperamental. He was covered in green fur and didn’t wear pants. He was ever demanding. His face changed color, shape and expression depending on who was looking at him. Everybody loved Gerg, and Gerg loved everybody, but not in that genuine, heartfelt way — more like a golddigger cherishes her trophy husband, or a cheerleader loves the ugly friend she keeps around to look better in front of guys. But the support was strong, the words as heartfelt as they could sound, and the dubious sincerity of it all was easily drowned out with more wide smiles and more pairs of outstretched arms.

Gerg was, indeed, the town’s beloved mascot. On top of it all, he was always hungry. Full Story »

You’re a coalition of multinational corporations. Imagine this deal: Invest $1 in lobbying. Get a return on investment of $220. Save $100 billion on taxes, too. Nice, eh?

That’s the conclusion of three University of Kansas professors who undertook an empirical analysis of the American Jobs Creation Act of 2004 to study rates of return for money spent on lobbying, reported The Washington Post in an April 12 story by Dan Eggen.

This law — this shady excuse for a law with a name only charlatans could love — allowed companies that had earned profits overseas to inexpensively bring that money back into the States. The customary tax rate on such profits was 35 percent. But this elegantly named process — repatriation of profits — gave companies a one-time chance four years ago to haul the money home, paying only 5.25 percent.

The act was a tax holiday sought by a coalition of companies, primarily big pharmaceutical and high-technology corporations, all because they sought to pay little or no taxes on profits generated overseas — and they concocted a successful scheme to pull it off.
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At the moment, it’s a bad time to be a political fundraiser. The deep pockets of corporate and other donors normally counted on to keep the election money machine well-oiled have suddenly gone shallow.

According to Paul Kane and Chris Cillizza of The Washington Post, donations are down — way down. Consider the first two months of 2005, 2007, and 2009: $48.8 million in ‘05; $41.6 million in ‘07; and a paltry $30.7 million this year. That’s expected, write the Post reporters, in the early months of odd-numbered years after presidential or mid-term contests.

It’s known as “donor fatigue.” It’s particularly bad at the moment because so many candidates dunned so many donors in an election year that saw the presidential election cost more than a billion dollars.
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A couple of weeks ago author and NYU media theory lecturer Douglas Rushkoff penned a provocative essay for Arthur Magazine. Entitled “Let It Die,” the essay explains why we should stop trying to save the economy.

In a perfect world, the stock market would decline another 70 or 80 percent along with the shuttering of about that fraction of our nation’s banks. Yes, unemployment would rise as hundreds of thousands of formerly well-paid brokers and bankers lost their jobs; but at least they would no longer be extracting wealth at our expense. They would need to be fed, but that would be a lot cheaper than keeping them in the luxurious conditions they’re enjoying now. Even Bernie Madoff costs us less in jail than he does on Park Avenue.

Alas, I’m not being sarcastic. Full Story »

Part of the reason I’ve been off the radar here for so long — my latest investigative report for Raw Story:

Federal agencies were involved in the decision to raid the office of the Association of Community Organizations for Reform Now (ACORN) in Nevada last October, just weeks before Election Day, the offices of Nevada’s Secretary of State and Attorney General say.

The allegations raise questions of whether politics played a part in the raid and calls into question assertions by the US Attorney’s office that they were uninvolved. Federal guidelines instruct agencies investigating election fraud to avoid action that might impact the elective process.

Bob Walsh, a spokesman for Nevada’s Secretary of State, and Edie Cartwright, a spokeswoman for Nevada’s Attorney General, said that not only were the Nevada US Attorney’s Office and the FBI involved in investigating Nevada ACORN on allegations of voter registration fraud but that all four agencies jointly made the decision to conduct the raid. Both the investigation and the raid were conducted as part of the joint federal-state Election Integrity Task Force announced last July, the spokespersons said. Full Story »

First, just in case you haven’t seen it, please review the video (in three parts).

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Dear Mr. Buffet, Mr. Gates, Mr. Turner, Mr. Soros, Ms. Winfrey, and any other hyper-rich types with progressive political leanings:

If this essay has, against all odds, somehow made its way to your desk, please, bear with me. It’s longish, but it winds eventually toward an exceedingly important conclusion. If you’ll give me a few minutes, I’ll do my best to reward your patience.
_______________

In the 2008 election, Barack Obama won a landmark political victory on a couple of prominent themes: “hope” and “change.” He has since been afforded ample opportunity to talk about these ideas, having inherited the nastiest economic quagmire in living memory and a Republican minority in Congress that has interpreted November’s results as a mandate to obstruct the public interest even more rabidly than it was doing before. Reactions among those of us who supported Obama have been predictably mixed, but even those who have been critical of his efforts to date are generally united in their hope that his win signaled the end of “movement conservatism” in the US. Full Story »

Dr. Slammy offered up some thoughts the other day on Joe Nacchio, the prison-bound former CEO of Qwest. For the good doctor, the case is both public and personal. For my part, I don’t know Joe, but do take some satisfaction in the knowledge that he’s going to Hell. And yes, I do have insider knowledge on that subject.

The most fascinating thing about Sam’s post, though, was what happened in the comment thread. I call your attention to comments #3, 6 and 23, in particular, whereupon we’re asked to believe that Joe Nachhio is not a criminal, but is instead, as Slammy put it in comment #5, “Thomas Motherfucking Jefferson.” Full Story »

Don’t call it schadenfreude. That’s the term for taking pleasure in the misfortune of others, and I’m not guilty of that.

What I feel today, as I review the news that former Qwest CEO Joe Nacchio’s conviction has been upheld, isn’t about pleasure in his mighty fall from power. In fact, it’s not “pleasure” at all.

Instead, tell me what the word is for “taking satisfaction in justice served,” because that’s what I’m guilty of. Right now I’m feeling powerfully and righteously satisfied that a man who caused so much misfortune is getting at least a small slice of what he deserves. Full Story »

Perhaps because my middle name is “Gullible,” I’d like to trust my new representative in Congress to act wisely, unselfishly, and nobly on my behalf. I’d like to trust his 434 brethren and the 100 senators to do so as well. I’d like the lofty words they speak in the wells of the House and Senate to be accompanied by similarly lofty, well-thought-out actions designed solely to improve the lot in life of me and my 312 million fellow citizens.

But … I doubt it. An obstacle lies squarely in the path of politicians’ ability or willingness to act sensibly and selflessly. That obstacle is money. Or, rather, the pursuit of it to grasp and maintain power, prestige, and wealth.

Despite any number of outrageous conflations of influential wealth and influenced legislation, and despite the protestations of the masses with fewer dollars over the power of the few with many dollars, and despite the laughable “reforms” Congress attempts occasionally, money is not going to leave politics.
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“Psssst. Hey, you. Yeah, you, over there with the really fat checkbook.

“Wanna make some serious money real fast — and legal? Yeah, really — legally.

“All you gotta do is give me about $114 million. That’s all — and I’ll give you an ROI of 258,449 percent. Yep. You heard right — 258,449 percent. You’ll make $295.2 billion.

“That work for you?”
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You’ve likely, at some point in your life, been in the company of someone who says something akin to, “I don’t give money to panhandlers. They’re just going to spend it on drugs and/or booze.” “They do this for a living. That man probably just bungs it in a savings account at the end of the day.” “They’re bums. They failed at life. They don’t deserve my hard-earned money.”

Or, maybe, this person is you.

I grew up listening to countless versions of the ideology of “Son, we don’t reward failure.”

You have to hold your own. You have to work hard and carry your weight. You have to straighten up and fly right. You have to contribute something to get something back.

You don’t want to live in some welfare state where people get rewarded for being bums.

Well, guess what: We’ve got it.
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I come before you this morning with a morality play, a modern-day American fable. I’d call the following, which made its way to me a few days ago, a true story, but since I wasn’t actually present I suppose I can’t swear to its accuracy. I will say that the source is someone I have come to respect and trust, and I believe that what I am about to relate is, in fact, true, even if the facts are off an inch or two in places. So I’ll change the names to protect myself from malevolent whores litigious types and leave you to decide if it all seems plausible.

Meet Danielle Jones

My source is a woman we’ll call Anne. Full Story »

After a short walk from the light rail I was greeted by an empty P.O. box. A couple blocks north, I was greeted by a copy of the Post/News Duopoly’s jobs page, dated October 2008. “‘The fuck is this?!” I asked myself audibly as I flung the page onto the ground and kept on. At the 7-11 on 3rd/Broadway I bought a Lotto quick pick and a Powerball reject that was laying on the machine. After an uneventful lunch a couple blocks from there, I made the decision to cross the following intersection, one of the most dangerous I’ve encountered in Denver:

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