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about motherhood? informed. Paul Foster (BloggingStocks) 3PAR for $30 per share in cash. MIAMI – Hurricane Danielle
U.S. birth rates in 2009 Photo credit: Reuters/Chris Submitted at 8/27/2010 5:30:00 PM PAR options were active on remains far out over the
declined for the second straight Keane (Beck at an NRA 190K contracts according to Atlantic, but the Category 2
year, a sign the economy may be meeting in Charlotte May 15) Filed under: Hewlett-Packard Track Data, suggesting larger storm is still expected to bring
causing some women to think (HPQ), Options Occidental price movement. Paul Foster dangerous rip currents to the
twice about having children, Petroleum ( OXY) closed up Options Update is by Stock U.S. East Coast.
health officials said. $3.19 to $75.42. WTI Crude S p e c i a l i s t P a u l F o s t e r o f Danielle's maximum sustained
Estimates from the Centers for futures closed up 2.73% to t h e f l y o n t h e w a l l . c o m . winds were near 110 mph (175
Disease Control and Prevention $75.36 according to Bloomberg. Options Update: Occidental kph) on Saturday. It is about 330
show 4,136,000 children were September put option implied P e t r o l e u m V o l a t i l i t y F l a t miles (530 kilometers) southeast
volatility is at 29, November is o r i g i n a l l y a p p e a r e d o n of Bermuda and is forecast to
at 33; versus its 26-week BloggingStocks on Fri, 27 Aug pass east of the island Saturday.
average of 32 according to 2010 17:30:00 EST. Please see The U.S. National Hurricane
T r a c k D a t a , s u g g e s t i n g our terms for use of feeds. Center in Miami says a tropical
nondirectional price movement. P e r m a l i n k | E m a i l t h i s | storm watch has been issued for
3Par Inc. ( PAR) closed up C o m m e n t s the island.
$6.43 to $32.46. Hewlett- Option- BloggingStocks- Farther out in the Atlantic,
Packard Co. ( HPQ) announced Implied volatility- Put option- Tropical Storm Earl has
a revised proposal to acquire Hewlett-Packard maximum sustained winds of 60
mph (95 kph). It could
Option Traders Buy Janus Capital Calls and strengthen into a hurricane this
weekend. A tropical storm
watch was in effect for several
Interpublic Group Puts islands in the eastern Caribbean,
including St. Maarten, Antigua
Wade Hansen the stock on Friday. And we on BloggingStocks on Sat, 28 and Montserrat.
(BloggingStocks) know that traders were eager to Aug 2010 09:10:00 EST. Please This entry passed through the
Submitted at 8/28/2010 9:10:00 AM get into this trade because 99% see our terms for use of feeds. Full-Text RSS service — if this
of the trades came in on the ask P e r m a l i n k | E m a i l t h i s | is your content and you're
Filed under: Stocks to Buy, price. Comments reading it on someone else's site,
Stocks to Sell Janus Capital closed Thursday BloggingStocks- Janus Capital please read our FAQ page at
Option traders appear to be at $9.51. The stock has dropped Group- Business- Investing- fivefilters.org/content-only/
setting up for a bullish move on 9.86% during the past month Call option faq.php
Janus Capital Group ( JNS). and is currently sitting above and Interpublic Group Puts Five Filters featured
Traders plowed into 1,010 new support at $9. Option Traders Buy Janus article:"Peace Envoy" Blair Gets
call option contracts -- 7.77 Continue reading Option Capital Calls and Interpublic an Easy Ride in the
times the average volume -- on Traders Buy Janus Capital Calls Group Puts originally appeared Independent.
E-reader News Edition Business/ 5
anybody out there," Lewis And what exactly was iPad. And that's not to mention Lewis eagerly asked me, within So Blockbuster is not going to
explained. "Could things have Blockbuster racing toward? the Mac. In response to whether the first minutes of our file for bankruptcy protection?
gone faster or better? You can Rebuilding. Will it work? Blockbuster's business model interview. Keyes too would "As I've said, we're looking at
always say I wish I did X and "How does it not work?" Keyes was interfering with its digital bring up the Samsung player as all of the various options to
not Y. But if you asked me in told me a few months ago. strategy, Lewis waffled, saying, if it were some magical solution refinance and recapitalize the
2009 whether we'd be the only "Look, we are completely "Look, it's not that our business to the company's frail digital company. I've said repeatedly
one in the mobile space selling rebuilding house from scratch, model is challenged--again, I'm offerings--it was the "ultimate that the company's objective is
movies other than Apple and and we’re living in the house! amazed at how little [our convenience," as Keyes said. On to seek out-of-court solutions
whether we'd have Blockbuster You might think, This looks competitors] do for their more than one occasion, he with strategic investors to
On Demand--never in my terrible! Well, yes, no kidding! consumers and how for-granted urged me to buy the device so I recapitalize, and we've been
wildest dreams would I have We’re in the middle of they take their consumer could experience Blockbuster in exploring a number of those
aimed this high." remodeling. But what we’re relationships." all its glory. "I wish you'd try alternatives," he said.
Perhaps the company should've modeling is a house with a Of course, not being on the it," he said. "You've got to try So much for that.
aimed a bit higher. Lewis also garden, and a studio, and a Nintendo Wii wasn't too much us." If Steve Jobs Did It, We Can
said that he's not sure in "what media room--and I’m out there of a problem for Blockbuster's Deny Deny Deny Too!
form" the company will be in saying, Listen, wait until we CEO. "I don't have to figure out I've asked Blockbuster CEO Blockbuster is the next Apple,
the future, suggesting finish, but this is going to be how to get [movies] from my Keyes at least five times point- right? Keyes believes so. "We're
Blockbuster will look really unique. It’s different than Nintendo machine to the blank about the company's in the process of
dramatically different after the other house--why wouldn’t screen," he said. "I know I can potential bankruptcy. To get this transformation," he once told
bankruptcy. you want to live here?" do it, but I don't want to--it straight, Blockbuster will not go Fast Company. "Think about
This is a Marathon! We're Maybe it needed a yoga studio. makes my head hurt to think bankrupt? "It is not our Apple 10 years ago. Steve Jobs
Rebuilding! And Other Odd Technology? How About a about it!" Compared to Netflix, intention," Keyes answered in came back and did a masterful
Metaphors Samsung Blu-ray Player? Keyes believed the Blockbuster May. "We’re doing a lot of job. But it wasn't an overnight
"We do not look at this as a The biggest cause of experience was "a lot easier than things at the same time, and we success. It took him a number of
sprint, we look at this as a Blockbuster's demise was the trying to route movies through have to spend a lot of money to years to reengineer Apple and
marathon," argued Keyes, of the company's failure to adapt to the my Xbox or Nintendo." build our future. What we turn the company from what it
company's aim to transform its digital age. Lewis, who heads up Even Lewis echoed Keyes's couldn’t have anticipated was a was--basically a PC provider--
business in the long-term. the team's digital strategy, said hardships. "Our job is to complete financial meltdown in into what it is today. I don't
However, there was always the he was determined to be simplify the process," he said, of 2009. If you had to refinance a know if you recall, but there
nagging possibility that the "everywhere that you would Keyes's confusion over the Wii. home last year, imagine what were questions about the long-
company wouldn't survive long imagine there should be movies. "You shouldn't have to learn all would’ve happened to you? The term viability of that company,
enough to complete that Our mantra is: No channel left this crazy stuff." bank might’ve said that they’ll and look at the success that they
marathon. "We are going to behind, no title left behind." And the best technology give you a mortgage, but the bad have today. But it took many
move at the fastest pace While that bold goal and Blockbuster touts? Samsung Blu news is that you have to pay it years."
possible," he promised. "It takes mantra may have impressed -ray players. back in five years instead of 20 He even called Blockbuster On
time and resources, but we investors, unfortunately, due to During any given interview years. Ouch." Demand the equivalent of the
believe the outcome will be conflicts with Blockbuster's with a Blockbuster executive, Again, is Blockbuser going iMac.
better." business model, the company you'll hear about Samsung Blu- bankrupt? "We've had two "This is a pattern we see over
Lewis also spoke in the long- left myriad channels behind. ray players, which are connected successful refinancings in the and over," he said, of the many
term. "Blockbuster has a slightly Unlike Netflix, Blockbuster isn't to Blockbuster On Demand, the last 18 months, and we continue parallels he could draw to
challenged financial picture," he available on the Nintendo Wii, company's pay-per-view to work on finding the right Blockbuster's financial troubles.
said. "But Blockbuster has a Sony PS3, Microsoft's Xbox service. "Do you have Samsung capital structure to facilitate the
long and attractive future." 360, the iPhone, iPod Touch, or connected Blu-ray player?" business itself," he said in June. BLOCKBUSTED: page 9
8 E-reader News Edition
CHINESE
continued from page 5
study claims, has also been imagined. deficits, since there is so little income belongs to the wealthiest estimates that last year Chinese
understated and, with it, Chinese The third statement is probably left over of their production for 10%. Most of the rest went to household consumption was just
household consumption. The true, but only to the extent that them to consume that they must households in the top half of the over 31 percent of GDP –
study argues that Chinese the worse the under- import the balance. This is what income scale. Poor people in although I am not sure even they
household income was about consumption problem, the more happened, for example, to the China were far less likely to completely believe this number.
30% higher than the estimates of potential there is for US during most of the 19th have hidden, grey, or illegal Still, it suggests that the real
the NBS. consumption growth. This may Century. income. consumption rate may be
The response of most analysts be arithmetically correct, but it But China has probably the So, according to Professor between 31% (their number)
and the press to the report was a also suggests that unlocking that highest trade surplus ever Wang, Chinese household and 36% (the official number).
little puzzling to me. Professor consumer potential is likely to recorded. This means that an income is distributed far more Either number is completely off
Wang’s study, many people be harder than expected. extraordinarily large portion of unequally than any of us had the charts.
seemed to argue, proved that How do we know that China its production is invested, and suspected. This is worrying So isn’t this good news for
either China didn’t have an has an under-consumption another extraordinarily large enough for reasons of social consumption as far as its
under-consumption problem, or problem? To answer that portion is exported. So what equity, but what does it have to implications for the economic
else it proved that the problem question it is unnecessary even about consumption? The only do with consumption? imbalances? Consumption is so
was much less serious than the to look at the consumption way a country can run an A lot. It turns out, not low that it has no choice but to
worriers had claimed because statistics. All you need to know extraordinarily high investment surprisingly, that the rich surge, right? Perhaps, but I am
both consumption and income is that China has a very high rate and an extraordinarily high consume a much smaller share very uncomfortable with this
may be higher than we think. A investment rate (perhaps the trade surplus is if consumption of their income than do the poor. argument. It seems to me that
more sophisticated variant was highest in the world) and a huge is extraordinarily low. For example, according to the only way consumption can
the claim that the study proved trade surplus. So almsot by definition we Professor Wang’s numbers, be so low is if there are some
that China had much greater Every country produces goods know that consumption in China households that earn more than very severe structural
potential for consumption and either consumes or invests is extraordinarily low as a share RMB 400 thousand save 63% of impediments that distort
growth than previously those goods. This is not quite of its total production. It is their income, while households consumption growth, and I think
imagined. an accounting identity, but it unnecessary to check that earn RMB 75-400 thousand there is no reason simply to
Under-consumption is easy to becomes one if you take into consumption statistics to prove save 51%. At the other extreme assume or hope that these
prove account the trade balance. this. households that earn RMB 7-10 impediments will dissolve and,
The first two statements are Why? Because if it produces In fact official statistics do thousand save only 9% of their as they do, consumption will
simply wrong. They confuse more than it consumes or prove it. They show that income and households that earn explode. Rather than proclaim
absolute consumption with invests, it must run a trade Chinese households consumed a less than that dis-save (by 23%) that Professor Wang’s adjusted
relative consumption. To say surplus. If it produces less, it little less than 36% of total GDP So while Chinese household consumption rate is more
that the Chinese under-consume must run a trade deficit. In last year. This is an income might be significantly evidence that consumption must
does not mean not that Chinese other words by definition what unprecedented number, much higher than we thought, most of surge, it seems more reasonable
households have failed to ever you produce is equal to lower than the 65-70% typical that additional income goes to to wonder how any country can
consume at a certain nominal what you invest plus what you of the US and Europe and even the high-savings rich. The have such a massive imbalance.
level. It means that the consume plus or minus the trade far below the 50-55% typical of Chinese savings rate, And how can Beijing unwind
consumption share of total balance. other low-consuming Asian consequently, is also much this imbalance?
production is very low. In that China has an extremely high countries. higher and the Chinese --------------
sense China most certainly has a investment rate, perhaps the More income inequality consumption rate much lower This guest post previously
serious under-consumption highest ever recorded for a But Professor Wang’s study than the official numbers appeared at the author's blog >
problem, and Professor Wang’s medium or large economy. suggested something very suggest. Join the conversation about this
study actually suggests that it is Countries with high investment worrying. He claims that nearly How low? Here the number is
worse than any of us has rates should normally run trade two-thirds of the missing a shocker. Credit Suisse CHINESE page 9
E-reader News Edition Business/ 9
BLOCKBUSTED:
continued from page 7
CHINESE
continued from page 8
story »
danger’s hour,” says Beck. a n d h a v e t a l k e d v e r y language evangelicals is your content and you're
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For the event, Beck spent the his own personal salvation,” he Garlow reported. “He please read our FAQ page at Knowles soaked in end of
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of who I am.” forgiveness for his sins. including theology. But the Independent. Angelina Jolie met with officials
Beck, a Mormon who had been “[A]nd those are almost the megachurch pastor noted that in Bosnia before announcing her
new film project. Lindsay Lohan
was released from rehab, but
This Week's Most Popular Posts [Highlights] that's not all that happened this
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(Lifehacker) our favorite, must-have Android than—well, you know—and the biggest stories and best
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This week we pulled together Facebook, started using private browsing mode for more
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Submitted at 8/28/2010 7:00:00 AM
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E-reader News Edition Technology/ 21
leverage others in those three In other words, without content producers will will face “Platform” of All, Maybe companies, YouTube absorbs
segments. Thinking back to Google’s blessing, an uphill battle convincing One company that has been expensive bandwidth costs and
Jack Welch’s mantra, I’d argue • a video Advertising or marketers that they are worthy overlooked as a potential reduces marketing costs by
that you have to be #1 or 2 in Technology firm’s product of their request for proposals platform for other startups to providing a targeted and captive
Technology, Distribution and cannot gain traction on (RFPs) and ad dollars. build a business on remains audience, leaving them only
Advertising (think of the search YouTube; So long as this is the reality, YouTube, which Google with the third major cost:
engine industry) but not • and a Distribution video then indeed, Content companies acquired for $1.65 billion in content production itself.
necessarily so in Content company is competing head-on are just as much at the mercy of 2006. As such, while it’s true that size
(hence, the four TV networks, with the No. 1 and No. 2 search GooTube as Technology, Facebook, Twitter and and reach are going to be a
for example). destinations online (with Distribution and Advertising YouTube are fundamentally major hindrance for small and
Enter YouTube YouTube being the second firms are, albeit in a different different: developers build apps mid-sized video companies,
Of course, talking about all of largest search engine) and the way. on Facebook and Twitter’s regardless of whether they’re in
this without mentioning the No. 1 video site online. The Power of the Platform platform; content producers Content, Technology,
eight-hundred pound gorilla is A couple of years ago, VCs create videos and distribute Distribution or Advertising, I’d
foolish. One can cling to the fact that tripped over one another to fund them across YouTube – but still rather be producing quality
Today, YouTube retains 44% unless you’re a Top 10 player Facebook-ecosystem start-ups. conceptually, all three provide content. Whereas the Content
of the online video audience. Its according to comScore you’re Facebook itself launched the the backbone that helps firms (small, medium or large)
parent Google accounts for the doomed, but I would argue that fbFund, but recently admitted monetize the creators’ can leverage the strengths of the
lion’s share—roughly 65% if you operate in Technology, that the fund was dead. Playing brainchild. other three to build valuable
market share—of the search Distribution or Advertising, in Facebook’s sandbox was Why? One word: Advertising businesses, in Technology,
market, which in turn garners unless you’re name is Google or challenging at best and daunting Video—which is what Distribution and Advertising,
40% of the online advertising YouTube, you might not be at worst. constitutes YouTube’s DNA—is unless you are No. 1 or No. 2,
pie. It then uses its $30 billion spared, either. Yes, Zynga built a powerful a natural canvas for advertising then you won’t have the
war chest to fund forays into An Uphill Battle company by leveraging to flourish. It’s important to gunpowder to stay in the game.
new tech and media areas. Meanwhile, Content companies Facebook, but diplomacy ran its note that social networking Photo credit: Flickr/Paulo
As a result of this major reality, c a n l e v e r a g e Y o u T u b e ’ s course. For every Zynga there (Twitter, Facebook or Brandão. CrunchBase
companies who operate in the platform as they pose no threat are hundreds of companies Foursquare’s DNA) is the latest Information Ashkan
Technology, Distribution and to the GooTube machine. They whose fate turned of a dime. form of communication, and Karbasfrooshan YouTube
Advertising spheres are a u g m e n t i t b y p r o v i d i n g Take, for example, Offerpal communication tools like email, Information provided by
handicapped because they are p r o f e s s i o n a l c o n t e n t f o r who laid staff off after Facebook instant messaging (and now CrunchBase
fighting for 56% of the total marketers to advertise alongside threw itself into the arms of a tweeting) have rarely proven to
online video market (less, when of within YouTube. This being competitor. Countless others be money makers in an ad-
you consider that the No. 2 said, they are not completely never even made it into the supported ecosystem.
player in the market, Hulu, is immune either. So long as limelight to begin with. It Ironically, yet fittingly, the fact
equally protective of its domain Google doesn’t break down wasn’t just Facebook; Twitter that Google owns YouTube has
and doesn’t let just any individual content producers on and Foursquare have all been proven to be a larger hindrance
company operate in its YouTube for comScore and cast as the flavor du jour. to technology companies than
sandbox). Nielsen reporting, most of the YouTube Remains the Biggest media companies. For media
E-reader News Edition Technology/ Food/ 25
check this Canon video showing angle views with a curved the new models, in addition to
painstaking manual labor perspective that bows parallel getting the easy-cleaning
assembling the current 500mm lines outward. Previously Canon fluorine coating and rubber
F4 lens. had a 15mm fisheye lens, but it gaskets for weatherproofing,
Canon also introduced two had a fixed focal length and provide better image quality.
other lenses of note this week-- wasn't an L-series model. The That's something of a bugaboo
both new additions to the new model will cost about for telephoto extenders, which
premium L-series lineup with $1,400 when it goes on sale in can worsen chromatic
features such
weatherproofing and a durable
as January.
Second is the EF 70-300mm f/4
aberration.
Again, though, the new gear
London newspaper City
design.
Canon's EF 8-15mm f/4L
Fisheye USM lens(Credit:
-5.6L IS USM lens, which
covers a broader range than
most higher-end telephoto
doesn't come cheap: the Canon
Extender EF 1.4x III & Canon
Extender EF 2x III will cost
A.M. coming to the iPad
Michael Grothaus (The next few months. The iPad will
Canon USA) zooms. However, its aperture is about $500 when they go on Unofficial Apple Weblog
First is the EF 8-15mm f/4L a narrow f5.6 when fully sale in December, Canon said. include a digital reader with an
(TUAW)) exact replica of the print
Fisheye USM lens. On a full- zoomed out, somewhat limiting This entry passed through the
frame camera, the higher-end the amount of light that reaches Full-Text RSS service — if this Submitted at 8/28/2010 3:00:00 AM product, as well as html news
If you aren't a Londoner, this updates." It's unclear at the
models with sensors the the image sensor. This model is your content and you're
news probably won't excite you moment if the City A.M. iPad
24x36mm size of a frame of will cost about $1,500 starting reading it on someone else's site,
that much. However, if you app will be free like the print
35mm film from days of yore, in October. please read our FAQ page at
make the daily commute on the edition or a paid app. Either
this lens will cover a full 180- Canon's EF 70-300mm f/4-5.6L fivefilters.org/content-only/
tube like the five million rest of way, now fellow Londoners will
degree circular view. On a more IS USM lens(Credit: Canon faq.php
us (well, 4,999,999. I work from never have to be worried about
mainstream crop-frame camera USA) Five Filters featured
home), a regular part of your missing an issue -- or using the
with a smaller sensor and Finally, Canon introduced two article:"Peace Envoy" Blair Gets
morning is browsing though the print edition as an umbrella on
narrower field of view, the 180- third-generation telephoto an Easy Ride in the
City A.M. newspaper -- a staple those rainy mornings.
degree span only is reached extenders, which multiply a Independent.
of daily London business news. TUAW London newspaper City
from one corner to its diagonal lens' focal length by a factor of
I've been reading the paper A.M. coming to the iPad
opposite, Canon said. 1.4 and 2.0 at the expense of
daily for the last three years, and originally appeared on The
Fisheye lenses let people reducing light by one or two f-
I get irked when I walk to a tube Unofficial Apple Weblog
photograph extremely wide- stops, respectively. Canon said
stop and find the City A.M. bin (TUAW) on Sat, 28 Aug 2010
empty. Well, no more! A little 03:00:00 EST. Please see our
Stream Audio to Your Airport birdy told me that City A.M. is
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understated and, with it, Chinese The third statement is probably left over of their production for 10%. Most of the rest went to household consumption was just
household consumption. The true, but only to the extent that them to consume that they must households in the top half of the over 31 percent of GDP –
study argues that Chinese the worse the under- import the balance. This is what income scale. Poor people in although I am not sure even they
household income was about consumption problem, the more happened, for example, to the China were far less likely to completely believe this number.
30% higher than the estimates of potential there is for US during most of the 19th have hidden, grey, or illegal Still, it suggests that the real
the NBS. consumption growth. This may Century. income. consumption rate may be
The response of most analysts be arithmetically correct, but it But China has probably the So, according to Professor between 31% (their number)
and the press to the report was a also suggests that unlocking that highest trade surplus ever Wang, Chinese household and 36% (the official number).
little puzzling to me. Professor consumer potential is likely to recorded. This means that an income is distributed far more Either number is completely off
Wang’s study, many people be harder than expected. extraordinarily large portion of unequally than any of us had the charts.
seemed to argue, proved that How do we know that China its production is invested, and suspected. This is worrying So isn’t this good news for
either China didn’t have an has an under-consumption another extraordinarily large enough for reasons of social consumption as far as its
under-consumption problem, or problem? To answer that portion is exported. So what equity, but what does it have to implications for the economic
else it proved that the problem question it is unnecessary even about consumption? The only do with consumption? imbalances? Consumption is so
was much less serious than the to look at the consumption way a country can run an A lot. It turns out, not low that it has no choice but to
worriers had claimed because statistics. All you need to know extraordinarily high investment surprisingly, that the rich surge, right? Perhaps, but I am
both consumption and income is that China has a very high rate and an extraordinarily high consume a much smaller share very uncomfortable with this
may be higher than we think. A investment rate (perhaps the trade surplus is if consumption of their income than do the poor. argument. It seems to me that
more sophisticated variant was highest in the world) and a huge is extraordinarily low. For example, according to the only way consumption can
the claim that the study proved trade surplus. So almsot by definition we Professor Wang’s numbers, be so low is if there are some
that China had much greater Every country produces goods know that consumption in China households that earn more than very severe structural
potential for consumption and either consumes or invests is extraordinarily low as a share RMB 400 thousand save 63% of impediments that distort
growth than previously those goods. This is not quite of its total production. It is their income, while households consumption growth, and I think
imagined. an accounting identity, but it unnecessary to check that earn RMB 75-400 thousand there is no reason simply to
Under-consumption is easy to becomes one if you take into consumption statistics to prove save 51%. At the other extreme assume or hope that these
prove account the trade balance. this. households that earn RMB 7-10 impediments will dissolve and,
The first two statements are Why? Because if it produces In fact official statistics do thousand save only 9% of their as they do, consumption will
simply wrong. They confuse more than it consumes or prove it. They show that income and households that earn explode. Rather than proclaim
absolute consumption with invests, it must run a trade Chinese households consumed a less than that dis-save (by 23%) that Professor Wang’s adjusted
relative consumption. To say surplus. If it produces less, it little less than 36% of total GDP So while Chinese household consumption rate is more
that the Chinese under-consume must run a trade deficit. In last year. This is an income might be significantly evidence that consumption must
does not mean not that Chinese other words by definition what unprecedented number, much higher than we thought, most of surge, it seems more reasonable
households have failed to ever you produce is equal to lower than the 65-70% typical that additional income goes to to wonder how any country can
consume at a certain nominal what you invest plus what you of the US and Europe and even the high-savings rich. The have such a massive imbalance.
level. It means that the consume plus or minus the trade far below the 50-55% typical of Chinese savings rate, And how can Beijing unwind
consumption share of total balance. other low-consuming Asian consequently, is also much this imbalance?
production is very low. In that China has an extremely high countries. higher and the Chinese --------------
sense China most certainly has a investment rate, perhaps the More income inequality consumption rate much lower This guest post previously
serious under-consumption highest ever recorded for a But Professor Wang’s study than the official numbers appeared at the author's blog >
problem, and Professor Wang’s medium or large economy. suggested something very suggest. Join the conversation about this
study actually suggests that it is Countries with high investment worrying. He claims that nearly How low? Here the number is story »
worse than any of us has rates should normally run trade two-thirds of the missing a shocker. Credit Suisse
imagined. deficits, since there is so little income belongs to the wealthiest estimates that last year Chinese CHINESE page 39
E-reader News Edition Economy/ 39
SCHWARZENEGG CHINESE
continued from page 37 continued from page 38
liabilities, and they must use the party is over I blasted Well here we are, 9 months share of the blame.
reasonable projected rates of Schwarzenegger's fiscally later and the $4.1 billion reserve Mike "Mish" Shedlock
returns on their investments. reckless proposals. went to a $14 billion deficit in h t t p : / /
The legislature could pass those Flashback March 2, 2007: the last 4 months. Thank God globaleconomicanalysis.blogspo
reforms in five minutes, the Schwarzenegger wants $500 Schwarzenegger did not get t.com
same amount of time it took billion to rebuild California what he asked. Click Here To Scroll Thru My
them to pass that massive Sound Bites Now in massive revisionist Recent Post List Mike
pension boost 11 years ago that history he attempts to take credit "Mish" Shedlock is a registered
adds additional costs every • $42.7 billion in general for being fiscally conservative. investment advisor
single day they refuse to act. obligation bonds issued last year Please, let's stop the charades. representative for SitkaPacific
... is " only the foot in the door, to While there is some truth he Capital Management. Sitka
All of these reforms must be in whet the appetite." wanted concessions from Pacific is an asset management
place before I will sign a budget. • It will take $500 billion to " unions, unlike Governor Chris firm whose goal is strong
I am under no illusion about the rebuild California the way it Christie, he never fought for performance and low volatility, Stocks Surge, And
difficulty of my task. ought to be". them very hard. Only now is he regardless of market direction.
Government-employee unions • $500 billion is " too big for saying "All of these reforms V i s i t h t t p : / / Bonds Get Crushed:
are the most powerful political people to digest, so you don't must be in place before I will w w w . s i t k a p a c i f i c . c o m / Here's What You Need
forces in our state and largely talk about that" even though he sign a budget." account_management.html to To Know (DELL, HPQ,
control Democratic legislators. is talking about it. He should have said that in learn more about wealth
But for the future of our state, • California needs $500 billion 2009, 2008, and 2007. He is management and capital
PAR, SPY, INTC)
no task is more important. even though it has " done saying that now that he is a lame preservation strategies of Sitka Joe Weisenthal (Money
Schwarzenegger Washes His tremendously with the revenue duck. While I commend the Pacific. Game)
Hands increases". idea, the problems he was Submitted at 8/27/2010 3:00:07 PM
Schwarzenegger drones on and • California will not issue less elected to fix are more broken
on about who is to blame. He debt even if the economy slows. than ever. The word of the day: reversal.
also acts as if he was fiscally • California " could face lower It will be interesting to see how But first, the scoreboard:
responsible. tax revenues" but he opposes tax this budget battle plays out, but Dow: +163
That is far from the truth. In hikes. no amount of hand-washing can STOCKS page 40
Turn out the lights California, absolve Schwarzenegger of his
Bishkek Blunder
Gregory Feifer (The New instead, prodding journalists in dusty capital Bishkek is a low lead the country, and they set Uzbek neighborhoods” and
Republic - All Feed) the room who had voted in favor sprawl of mostly Soviet-era the date for the constitutional “failed to provide appropriate
Submitted at 8/27/2010 11:00:00 PM to raise their hands. "See," she buildings. Ancient Mercedes referendum in June. protection to the Uzbek
concluded, wrinkling her nose and Toyotas ply the cracked But the new government's community.” However,
Bishkek, Kyrgyzstan—Smiling as hands went up, "let's just say asphalt roads of a city that control never fully extended to government officials don’t want
in a conference room of her it was a positive result." appears largely destitute. But in Bakiyev's stronghold in to talk about Uzbeks being
aging Soviet-era office suite, As it happened, more than 90 recent years, many restaurants southern Kyrgyzstan, where he murdered or the accusations that
Roza Otunbayeva appeared percent of people who cast and nightspots have opened fled before eventually taking some of their own forces may be
confident—possibly for the first b a l l o t s v o t e d “ y e s . ” B u t around town, including a brand- refuge in Belarus. When partly to blame. In an interview
time in her short presidency. It Otunbayeva's optimism about new lounge-bar with a plush violence exploded in the south in June, Almazbek Atanbayev,
was only two weeks after June the vote and her government's terrace that looks more suited to in June, Otunbayeva and her the dapper deputy prime
10, when ethnic violence had prospects in general, regardless Manhattan than where it stands allies were ill-prepared to deal minister of Otunbayeva's
begun engulfing the south of her o f w h a t h a r d d a t a w e r e across from a crumbling old with it. interim government—who has
country, but Kyrgyzstan's available, flew in the face of the circus. On the streets, young Officially, the government since stepped down to lead his
diminutive leader, a great odds facing her women wear matchstick jeans claims Bakiyev's relatives Social Democratic Party in
bespectacled former diplomat impoverished Central Asian and dye their hair blond. colluded with the Taliban and p a r l i a m e n t a r y
with a bob cut and the good- country, once part of the Soviet Much like its capital, other Islamist movements to elections—insisted the
natured manner of a high-school U n i o n . T h e p r e s i d e n t ' s Kyrgyzstan stands out in Central provoke fighting between ethnic government has plenty of proof
principal, announced that the confidence also belied her own Asia—a region arbitrarily Kyrgyz and Uzbeks, which the that the violence was a well-
b l o o d s h e d h a d f a i l e d t o government's refusal to admit or carved into states by Josef Stalin organizers hoped would disrupt funded campaign (“not even
d i s c o u r a g e p e o p l e f r o m adequately investigate the real in 1924—for its relatively open the coming referendum and close to ethnic cleansing”). It
participating in a nationwide causes of, and possibly its own and vibrant society. It doesn’t destabilize the new government. just doesn’t want to publicize
referendum. Its single yes-or-no c o m p l i c i t y i n , t h e r e c e n t suffer under the kind of Most of those killed—officially the information for fear of
question asked voters to keep violence between Kyrgyz and despotism plaguing Uzbekistan almost 400 and up to 2,000 by stoking more violence.
her in office until the end of minority Uzbeks. and Turkmenistan, and its some accounts—or forced from The lack of a credible, evidence
next year and to approve a new Beyond the understandable people have twice unseated their their homes were Uzbek; more -based explanation from the
constitution that would make blundering of an inexperienced country's leaders. The first time than 1,000 burned and looted government for what really
Kyrgyzstan a parliamentary authority, that serious failure is was in 2005, when longtime Uzbek houses and shops stand happened has helped feed a
republic. Otunbayeva said it f u e l l i n g a d a n g e r o u s dictator Askar Askaev was ruined in the southern city of wave of conspiracy theories.
would transform the country mythologizing of events that ousted in what’s known as the Osh, the epicenter of the Djildiz Djildosheva, vice
from a corrupt autocracy into a threatens the country's fragile Tulip Revolution, which violence, and upwards of president of a non-governmental
prospering democracy. democratic experiment—an brought President Kurmanbek 400,000 Uzbeks fled across the organization called the
Otunbayeva, who has been in extraordinary first in a region of Bakiyev to power. However, border to refugee camps in Kyrgyzstan-Uzbekistan
power only since April, when authoritarian regimes. "It's a Bakiyev’s rule grew steadily Uzbekistan. Friendship Society, propounds
s t r e e t p r o t e s t s f o r c e d h e r question of responsibility," says more corrupt and authoritarian, But in contrast to the the most common theory:
predecessor from power, called Khadyr Malikov, a political and he was overthrown this government’s version of events, Uzbeks—who own many
it an historic moment. But she expert who advises Otunbayeva. April, after his guards fired on numerous witnesses say police businesses and hold significant
l a c k e d a c r u c i a l p i e c e o f "That's the government's main political demonstrators outside and national military units were influence in the south—were
information: how many people problem. The risks are huge and the presidential administration among the attackers. On August incited to violence by unknown
had actually voted for the no one can say how it will all building. Members of the 16, Human Rights professional mercenaries
measure. That number hadn’t end." feuding opposition who Watch(HRW) reported that wearing black T-shirts. "Local
been tallied. So Otunbayeva Lying in the shadow of snow- suddenly found themselves in government security forces BISHKEK page 47
offered her own informal survey capped mountains, Kyrgyzstan’s power picked Otunbayeva to “facilitate[d] attacks on ethnic
46 Politics-Left/ E-reader News Edition
Uzbeks told us they were armed May, shortly after Bakiyev fled ombudsman of providing Otunbayeva has declined to host out to undermine the state. That
in advance and instructed to take Bishkek. When his supporters "unproven information" to an independent inquiry into means she's unlikely to address
to the streets," Djildosheva says. stormed a local administration Human Rights Watch, and that what happened, and instead the country’s growing ethnic
"They were led to a university building in the southern city of she now fears for her safety. appointed a government tensions or expose how the
dormitory, where they brutally Jalal-Abad, the government, Although the mass killings and commission that includes government's ranks may have
raped and killed Kyrgyz girls." threatened with a regional revolt displacement have ended, politicians and human rights exploited them.
That version of the story, and unable to rely on the local violence is still ongoing. Critics activists. Political analysts say Despite Otunbayeva's optimism
broadcast by state media, has authorities, appealed to Uzbek of the government say its they doubt the commission will about her country's future, her
helped shape the overwhelming leaders help put down the version of what happened in be seen as truly independent. Its government's stalwart silence is
public view that Kyrgyz began insurrection. Human rights June is encouraging dangerous chairman has already criticized likely to work against it as the
murdering Uzbeks only after the activist Aziza Abdurasulova Kyrgyz nationalism. Uzbeks in the recent Human Rights Watch south continues to seethe.
latter attempted to seize power. says she feared reprisals against the south say they face sporadic report, saying Uzbek and "There will be a permanent
But a handful of people say the Uzbeks at the time and appealed threats and shows of force, some Kyrgyz leaders in the south are crisis in the south," says a
government is allowing fiction to Omurbek Tekebayev, a carried out by rogue government equally responsible for the political analyst named Mars
to spread in order to hide its deputy prime minister of the security officers, a claim even violence. Sariyev, "that could flare up any
own involvement in the new government, to call off the the United Nations has cited Signs that the government will time." A new crisis would be
violence. Among the doubters is plans. "I was crying and publicly. There are stories of change course aren't proof too late that Kyrgyzstan’s
opposition leader Omurbek pleading in his office," she says, forced confessions, removal of encouraging. Otunbayeva’s democratic experiment is
Suvanaliyev, the head of the Ata "but when Tekebayev finally fingernails, burning with allies are splintering as her already failing.
-Jurt Party and a widely picked up the phone, all he did cigarettes, and beatings. And opposition gains strength. Gregory Feifer is a senior
respected former interior was request them to stop. The people across the country are Earlier this month, police correspondent for Radio Free
minister who temporarily acted government was exploiting the increasingly unhappy with the arrested an ultranationalist Europe in Prague. His book The
as police chief in the Osh region ethnic tensions, and it had no government's lack of control. leader they accused of trying to Great Gamble: The Soviet War
after the violence broke out. right." "They’re upset nothing has stage a coup d’etat after in Afghanistan was released in
"There's all sorts of talk about Abdurasulova and others have changed, that there's still thousands of his supporters paperback in January.
Muslim extremists and been unwilling to speak out corruption and a struggle for rallied in Bishkek. And the For more TNR, become a fan
mercenaries," he says, "but publicly for fear of undermining power,” says analyst Malikov. powerful mayor of Osh, a on Facebook and follow us on
that's all fantasy." Instead of the country's fragile Many observers, including onetime close ally of Bakiyev, Twitter.
getting to the bottom of the government, which remains supporters of the government, has announced that government
truth, Suvanaliyev says, the Kyrgyzstan’s best hope to say any hope that Kyrgyzstan directives have no legal power
government invented a "third emerge from the will emerge from these turbulent in the south. Inevitably,
force" to conceal its own authoritarianism that shackles months as an established Otunbayeva is feeling pressure
responsibility. Central Asia. Yet Abdurasulova democracy depends on a to present an image of her
One of the real triggers of the says she has been accused by credible investigation of the government as the good guy
violence, he says, took place in the government's human rights violence. But so far, working against nefarious forces
48 TV/ E-reader News Edition
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52 Sports/ E-reader News Edition
fans were sprinkled among the pitch from Scott Maine in the multihomer game this season had felt something similar at Strasburg has already received
crowd of 36,219, but spent most seventh, rounded the bases and and the eighth of his career. ... San Diego State and had advice from Zimmermann and
of the night listening to the got a curtain call."A power The Reds put rookie RHP Mike continued to pitch through it. can draw inspiration from the
home fans scream hitter winds up in the leadoff Leake on the 15-day DL with a Doctors have decided that what dozens of major leaguers who
"BRUUUCE!"The Reds lead the spot and he does that," Quade tired pitching shoulder, but happened in college was have successfully returned from
NL in batting, hits and runs, but said. "Bunt the ball or expect him back next month. unrelated to the ligament tear. the surgery that was first
had to make do without leadoff something, would ya?"The 24- RHP Aaron Harang, sidelined The injury is the last thing the performed by Dr. Frank Jobe on
hitter Brandon Phillips, year-old Cueto was at the since July 6 because of back woebegone Nationals needed. Los Angeles Dodgers pitcher
sidelined by a sore right hand. epicenter of the brawl with the spasms, is expected to start a The franchise is on pace for its Tommy John in 1974.
Phillips was hit by a pitch Cardinals on Aug. 10, kicking game next week. fifth last-place finish in six years "That's the modern miracle of
Wednesday and is expected pitcher Chris Carpenter and Copyright by STATS LLC and since relocating from Montreal. what doctors can do to put
back in a day or two.No catcher Jason LaRue with his The Associated Press Attendance has been people back together,"
problem at all.Bruce took his back against the netting behind Cincinnati Reds starting pitcher disappointing at Nationals Park Minnesota Twins manager Ron
place at the top of the order -- home plate. Cueto lost that Johnny Cueto throws against the since it opened in 2008, but Gardenhire said recently after a
the first time he batted leadoff in game 11-3 and was the only Chicago Cubs in the first inning Strasburg generated rare sellouts game that featured Tommy John
two years -- and hit a solo player suspended as a result of of a baseball...(AP Photo/Al in his first few home starts. returnees Francisco Liriano and
homer for a 2-0 lead in the third the fight.He returned in Los Behrman) Coincidentally, Thursday's Tim Hudson. "We all know the
off Tom Gorzelanny(7-8). He Angeles last Saturday and got This entry passed through the game marked the return of arm takes a beating. Goodness
also homered on the first pitch hit hard, giving up a career-high Full-Text RSS service — if this Jordan Zimmermann, another gracious, we saw two guys who
from the left-hander in his next four homers and five runs in is your content and you're promising Washington pitching were both throwing the ball 90-
at-bat, a three-run shot in the only three innings of an 11-4 reading it on someone else's site, prospect who had Tommy John plus mph with sliders and stuff.
fifth.Chris Valaika, who made loss. He was back in form on please read our FAQ page at surgery a year ago. Strasburg That's because some doctors did
his big league debut on Friday."After that suspension, I fivefilters.org/content-only/ and Zimmermann are supposed some really good jobs."
Tuesday, followed Bruce's was feeling too strong," Cueto faq.php to form two-fifths of a rotation Copyright 2010 by The
homer with his first in the said. "We worked between starts Five Filters featured that will lead the team to Associated Press
majors. Valaika started at in the bullpen, and I had my article:"Peace Envoy" Blair Gets respectability. This entry passed through the
second base in Phillips' rhythm back."Game notes an Easy Ride in the "It's still going to happen," Full-Text RSS service — if this
place."Nothing worked for me Cubs RHP Carlos Zambrano is Independent. Riggleman said of the Strasburg is your content and you're
today," Gorzelanny said. "I expected back on Saturday. -Zimmermann combo. "It's just reading it on someone else's site,
made bad pitches, got behind After his start last Tuesday going to be another year before please read our FAQ page at
guys. A bad outing, a real bad night, Zambrano flew to it happens." LA Sports Live fivefilters.org/content-only/
outing."Gorzelanny was Venezuela to spend a few days Now pitching for the faq.php
finished after five innings. with his critically ill 11-year-old independent league Orange Five Filters featured
Bruce kept going.He hit the first nephew. ... It was Bruce's third County Flyers, former big- article:"Peace Envoy" Blair Gets
league phenom Mark Prior an Easy Ride in the
relates his journey to that of Independent.
Nationals rookie Stephen
Strasburg, who will now miss
12-18 months with a torn ulnar
collateral ligament in his
pitching arm.
More Podcasts »
56 Sports/ E-reader News Edition
than $1 million.
GINSBURG: page 61
E-reader News Edition Politics/ Religion/ 61
GINSBURG:
continued from page 60
delivered a speech written by McLachlin both said it wasn't closed-door session Saturday.
her recently deceased husband, easy to be a female lawyer when © Copyright 2010 The
Martin Ginsburg. Martin they started. Associated Press. All rights
Ginsburg, a prominent lawyer in Ginsburg told a humorous story reserved. This material may not
his own right, was originally about having a young son while be published, broadcast,
scheduled to address the teaching law school at Columbia rewritten or redistributed.
gathering and prepared the University in New York. When This entry passed through the
remarks before his death from her rambunctious boy acted up Full-Text RSS service — if this
cancer in June. in class, she would get frequent is your content and you're
After reading the speech, she calls from his school. reading it on someone else's site,
Ginsburg joined the chief jurist "One day, I was particularly please read our FAQ page at
of Canada's Supreme Court, wary, and I said, 'This child has fivefilters.org/content-only/
Beverly McLachlin, in a two parents. I suggest you faq.php
question-and-answer session. alternate calls,'" Ginsburg said. Five Filters featured
Nina Totenberg, who covers the After that, she recalled, the article:"Peace Envoy" Blair Gets
Supreme Court for National school called less often — more an Easy Ride in the
Public Radio, asked the justices hesitant to disturb a man at work Independent.
about the growing acceptance of than to disturb a woman at
women on the bench. Both said
the legal profession, and society, Ghosts in the D.C.
work.
Justice Sonia Sotomayor was in
has made great strides on gender the crowd but didn't join
equality since they started their
careers. Ginsburg and
school woes
Ginsburg on stage. Sotomayor
was to speak to the judges In a
A frequent and, page
GHOSTS in my62opinion
often logical, criticism of this major issue of social justice in political clout. That is projects linked to the welfare of As it turned out, family
website is that we tend to stretch this nation: understandable. In addition to young people and, in particular, structure turned out to be
logic while seeking out the After two years of progress, look at the gap between black discovering what makes them directly linked to poverty — a
religion “ghosts” that we believe Chancellor Michelle A. Rhee’s and white, the study also successful in the classroom and fact that is so obvious now that
are hidden between the lines in effort to narrow the vast included statistics about trends in life. Both times, I learned people hardly argue about the
important stories in the achievement gap separating among Hispanic students. The about these project after work subject these days. Yes, I know
mainstream press. white and African American numbers were depressing there, had already begun to frame the that discussing this topic raises
Stop and think about this for a students in D.C. public schools too. issues, develop the survey troubling moral and even
minute. has stalled, an analysis of 2010 So you read and you read and materials and even lay out the religious questions. That’s the
Sometimes we have to do a bit test score data shows. … the story gets more and more day-to-day flow of the coverage. point.
of stretching, a bit of creative Data that Rhee released this frustrating. I cannot imagine After all, I was the religion Still, in these studies of the
connecting of the dots, in order week show that the difference in how painful this must be for reporter. The key elements were Washington, D.C., schools, has
to see the religion-news angles. the percentages of white and people who have devoted their sure to be race, politics and anyone factored family structure
After all, we are trying to point black students who score at lives to fighting for this cause. money. Correct? into the equation alongside the
out connections that other proficiency levels on the annual At the very end of the report, In both cases, I noted that — race factor? How do African-
people are not seeing. We see D.C. Comprehensive another theme makes a brief when the survey numbers came American and Hispanic students
them. That’s why we do what Assessment System tests had appearance: in — they would find that, at the fare when they are from intact
we do. In particular, that’s why narrowed from 2007 to this Bruce Fuller, a professor of very top of the list of factors homes, in contrast to the
I’ve been pounding my head on year. The most significant education and public policy at predicting success (and, thus, numbers seen in homes that are
the newsroom wall for 30-plus improvement was in secondary the University of California at factors that in their absence broken or in homes in which
years, talking about the need for schools, where the spread in Berkeley, said that although would help predict failure) marriages never formed in the
improved coverage on this beat. math achievement dropped more good schools and good teachers would be (a) whether the first place?
So, here I go again. However, than more 18 percentage points, can make a difference in the students came from intact In the studies I have seen in the
let me state right up front that I from 70 to 51.4 percent. But lives of poor children, the homes, especially homes past, students have fared better
am talking about a ghost that I year-to-year results show that persistence of the achievement containing a father, and (b) when they are reared in homes
have seen talented professionals progress has slowed markedly. gaps may also suggest that there whether the students were active strong in religious faith (and, of
miss several times in After narrowing from 2007 to is a limit to their reach. in positive, constructive course, reading). Were
newsrooms in which I have last year, the gap in secondary “Part of this hitting the wall may activities outside the home — researchers allowed to ask about
worked. math proficiency widened by be the troubling fact that we especially if those activities this?
The Washington Post ran an A1 slightly less than 2 percentage may need to somehow attack were rooted in religious In Denver, I once asked an
news story today that has points. Secondary reading family poverty before we see congregations or organizations. editor if anyone thought to
absolutely no religion in it scores show the same flattening greater progress in closing Why did I make these compare the success of Hispanic
whatsoever. The headline on trajectory. achievement,” Fuller said. observations? students in public schools with
this report — a local story, but The District’s struggle to close Without a doubt, poverty plays During my studies in American those in religious private
with national implications — academic divides based on race a hellish role in this drama. history I had been exposed to schools, when taking into
was depressing, in part because and ethnicity is playing out in Thus, it may help to ask, “What the writings of that great leader account issues of family
it could have been written last school systems across the has been the most consistent in the Democratic Party, Daniel structure and income. In other
year, or the previous decade, or country, where progress has also cause of urban poverty in recent Patrick Moynihan — especially words, how did a child from a
the decade before that. It stagnated. generations?” his controversial 1965 single-parent, low-income home
proclaimed: “Progress slows in A key element of the story is its So here is my leap of logic. On report“The Negro Family: The fare in a public school in
closing achievement gaps in relentless attempt to frame this two different occasions I have Case For National Action ( text comparison with a child from
D.C. schools.” Here’s the top of story completely in elements of been in newsrooms that here),” for the United States
this story, which focuses on a race and, between the lines, attempted to research large news Department of Labor. GHOSTS page 63
E-reader News Edition Politics-Right/ 63
GHOSTS WHY
continued from page 62 continued from page 63
the exact same background who administrators, too. They might classrooms of many American lived. it deeply wounds the 9/11
was attending a Catholic school have been educated in Catholic schools. However, to look for Nor does it seem to matter that families, the remains of whose
in the same neighborhood. schools, themselves. these factors one must be Rauf’s project is an exercise in slaughtered loved ones are still
The editor’s response was a Precisely. As it turned out, the willing to admit that they might self-absorbed indignation. being retrieved from the vicinity
classic. That would not be a fair overwhelming majority of the exist in the first place. Written Claiming to “build bridges,” of Ground Zero.
comparison, he stressed, region’s most successful by: tmatt on August 27, 2010. Islamists demand that their First Still, even Kringle’s desultory
because the mothers (since most Hispanic leaders (from single- This entry passed through the Amendment right to religious case for the mosque paled in
single parents are female) who parent homes, as well as homes Full-Text RSS service — if this freedom (which no one has comparison with his adamant
sacrificed and worked and with two parents) in a variety of is your content and you're denied) be deferred to while refusal to answer the question,
scrapped to enable their children fields came from Catholic reading it on someone else's site, urging that your First “Is Hamas a terrorist
to attend the parish school schools. This factor received please read our FAQ page at Amendment right to free speech organization?” You can watch
would almost certainly be much little coverage in the package, fivefilters.org/content-only/ be smothered by governmental the short debate for yourself
more committed to the welfare since no one had thought to faq.php scolds -- including a preening here. There are long pauses,
of their children than the other include it. The religion factor Five Filters featured president, a demagogic mayor, shucks, jives, and gibberish --
mothers. They would also might did not fit into a news template article:"Peace Envoy" Blair Gets and a House Speaker who wants but no answer:
have the advantage of having that was based on, yes, race, an Easy Ride in the to use her public office to Asman: Do you believe Hamas
their religious faith as a politics and money. Independent. investigate the project’s is a terrorist organization?
motivation, helping them Can you see the ghosts? opponents (i.e., 70 percent of Kringle: [Pause] I would, um --
promote more discipline in the Like the Berkeley professor the public). The anticipated [pause]
home. This would help them said, good schools and good “tangible manifestation” in McCarthy: That’s not a hard
work in cooperation with their teachers are important. But there question not only divides a WHY page 64
teachers and school are other factors at play in the nation still under jihadist siege;
question. Hamas pledged, would continue to Yasser Arafat’s movement educates its members Allah’s signs and “slaying his
Asman: [To McCarthy] Hold until Israel’s annihilation. This comparatively secular/socialist to adhere to its principles and to Messengers.” That indictment,
on a second. is not my opinion. It is an Palestinian nationalism. raise the banner of Allah over reiterated in Sura 3:112, is
Kringle: No, no, no. I -- undeniable fact -- regardless of Consistent with Islamist their homeland as they fight echoed in the Hamas charter’s
Asman: Is Hamas a terrorist how often denied. Set aside its ideology, it rejects the their Jihad. opening passages: “They have
organization? A simple decades of barbaric attacks, its separation of mosque and state, Nor could it be clearer that the incurred anger from their Lord,
question. celebration of a death culture in because its political objectives jihad is to continue until every and wretchedness is laid upon
Kringle: I believe that there’s which streets are named after are Islamic imperatives: last Jew has been killed or them. That is because they used
people, uh, connected with “martyrs” and children are “Nothing is loftier or deeper in disappears. On this point, the to disbelieve the revelations of
Hamas that are, uh -- advocate garbed in mock suicide belts at Nationalism than waging Jihad charter asserts: “Hamas has Allah, and slew the Prophets
terrorism -- summer camp. Hamas against the enemy and been looking forward to wrongfully.” Thus, the charter
Asman: Is Hamas, though, a proclaimed its existence in a confronting him when he sets implement Allah’s promise warns, “Israel will rise and will
terrorist organization, as the formal charter that could not be foot on the land of the whatever time it might take. The remain erect until Islam
State Department says it is? more emphatic: Muslims,” the charter decrees. prophet, prayer and peace be eliminates it as it had eliminated
Kringle: I believe that the The Islamic Resistance Jihad is an obligation of Islam to upon him, said: The time will its predecessors.”
people -- that people that, uh, Movement erupted in order to spread the faith until it is not come until Muslims will THE BROTHERHOOD
that, uh, exist on the fringe of play its role in the path of its universally dominant. For fight the Jews (and kill them); This is why Imam Rauf and his
there -- Hamas is a political Lord. In so doing, it joined its Islamists, “Palestine” is “the until the Jews hide behind rocks friends get so tongue-tied when
party that, uh, that grew out of, hands with those of all Jihad land of the Muslims” -- never and trees, which will cry: O it comes to Hamas. Like many
uh, out of, uh, what happened fighters for the purpose of mind that Israel was the Jewish Muslim! There is a Jew hiding of Rauf’s principal supporters in
to, uh, Palestine. Obviously, liberating Palestine. The souls of homeland before there were behind me, come on and kill the United States, Hamas is part
there’s going to be people that its Jihad fighters will encounter Muslims. Thus, the charter him!” of the Muslim Brotherhood; in
are, uh, that are going to twist those of all Jihad fighters who explains, jihad -- savage, bloody #ad#With due respect to Imam fact, it is its Palestinian branch.
up, uh, the religion to serve their have sacrificed their lives in the jihad -- “becomes an individual Kringle and Islam’s other Don’t take my word for it.
political agendas. land of Palestine since it was duty binding on every Muslim American cheerleaders, this Here’s what Hamas itself says,
This is just counterfactual bunk. conquered by the Companion of man and woman.” neither “twists up the religion to in the charter:
It is served up by the imam and the Prophet, be Allah’s prayer So unabashedly committed to serve a political agenda” nor Article Two: The Link between
many likeminded apologists as and peace upon him, and until violence is Hamas that it rejects “hijacks” Islam. Hamas, to the Hamas and the Association of
though Hamas did not have a this very day. This is the Charter peace negotiations and contrary, accurately quoted Muslim Brothers: The Islamic
richly documented history, and of the Islamic Resistance diplomatic settlements as a Islamic scripture. As the scholar Resistance Movement is one of
as though Islamists did not (Hamas). . . . Our struggle matter of principle. The charter Andrew Bostom observes, the the wings of the Muslim
reject the very premise that against the Jews is extremely avers: pronouncement by Mohammed Brothers in Palestine. The
religious and political agendas wide-ranging and grave, so The so-called peaceful about Muslims killing all Muslim Brotherhood Movement
can be distinguished.#page# much so that it will need all the solutions, and the international remaining Jews on the Day of is a world organization, the
THE CHARTER loyal efforts we can wield, to be conferences to resolve the Judgment comes straight from a largest Islamic Movement in the
The name “Hamas” is derived followed by further steps and Palestinian problem, are all canonical hadith, Sahih Muslim, modern era. It is characterized
from the Arabic phrase for reinforced by successive contrary to the beliefs of the Book 41, No. 6985. Hadiths are by a profound understanding, by
“Islamic Resistance Movement” battalions from the multifarious Islamic Resistance Movement. collections of the prophet’s precise notions and by a
( Harakat al-Muqawamah al- Arab and Islamic world, until For renouncing any part of words and deeds, and the one in complete comprehensiveness of
Islamiyya). It was established in the enemies are defeated and Palestine means renouncing part question flows seamlessly from all concepts of Islam in all
late 1987, at the start of the Allah’s victory prevails. of the religion; the nationalism the Koran itself, from verses domains of life: views and
Intifada, for the singular purpose Self-consciously, Hamas cast of the Islamic Resistance like Sura 2:61, which condemns
of waging a violent jihad that, itself as an Islamist alternative Movement is part of its faith, the Jews for purportedly rejecting WHY page 66
E-reader News Edition Politics-Right/ 65
Ground Zero Mosque: It’s Not the Location, It’s the Sharia
Submitted at 8/29/2010 11:00:34 PM
We will pray every day to was a flaming, smoking ruin -- communities more leeway to pants that women are caught
condemn the souls of September Rauf told CBS’s 60 Minutes: “I judge among themselves, wearing. “It’s my obligation as a
What’s most worrisome is 11’s 19 evil perpetrators. May wouldn’t say that the United according to their laws.” Sharia leader to help the people so they
Imam Rauf’s dedication to they roast in Hell forever, each States deserved what happened, relies on the Koran, Hadith, and won’t suffer in the afterlife,”
Islam’s repressive laws. morning hotter than the last. but the United States’ policies other Islamic texts to punish West Aceh regent Ramli
L ocation, location, location. We will pray every day for the were an accessory to the crime offenders, too often with Mansur said in August 18’s
So far, the Ground Zero r a p i d d e f e a t o f a l - Q a e d a , that happened.” sentences that stink of the 7th Jakarta Globe. “Besides, when
mosque controversy has focused Hamas, Hezbollah, and other • Rauf said in 2005 that “the century A.D. women don’t dress according to
excessively on its proximity to v i o l e n t , I s l a m i c - e x t r e m i s t United States has more Muslim • A Saudi sharia court is seeking sharia law, they’re asking to get
the scene of the September 11 t e r r o r i s t g r o u p s . blood on its hands than al-Qaeda a hospital to enforce its penalty raped.”
massacre. The Park51 Islamic We will pray every day for has on its hands of innocent non against an unidentified man who • Once a Muslim, always a
center would stand 560 feet Islam to be a faith equal -- but -Muslims.” Never mind the paralyzed Abdulaziz al-Mutairi, Muslim, according to sharia.
from that revered site. Would not superior -- to other religions millions of Muslims whom 22, in an assault with a meat “Muslim jurists are unanimous
moving it 5,600 feet away calm that people freely may choose to America has liberated, or at cleaver. Under sharia’s “eye for that apostates must be
this storm? practice. least tried to rescue from an eye” principal, Judge Saoud punished,” the Muslim
Perhaps, but far more important We will pray every day for the tyranny, in Afghanistan, Bosnia, bin Suleiman al-Youssef wants Brotherhood’s influential
is what would happen inside this freedom, equality, and longevity Iraq, Lebanon, and Somalia. to paralyze the attacker by spiritual leader, Sheik Sheik
m o s q u e . T h a t o u g h t t o of every human being -- America assisted millions more severing his spinal cord. To Yusuf al-Qaradawi, declared
determine if it should be even regardless of belief, gender, or Muslims after the 2004 Indian their credit, Saudi doctors so far about Islamic converts to other
closer to Ground Zero, or if it sexuality. Ocean tsunami and is aiding have refused to cooperate in this faiths. The Qatari said these
even should open anywhere in We invite Jews, Christians, non Muslims today in flood-ravaged carnage. “apostates must be executed.”
America. -believers, and everyone else to Pakistan. #ad#• Under Iran’s Islamic law, • Even snacking can be deadly
#ad#Imagine if the mosque’s join our efforts. And we humbly • Rauf has repeatedly refused to the Guardian reports, twelve under sharia. In November
imam said this: ask to pursue them adjacent to identify Hamas as a terrorist women and three men face 2004, a 13-year-old Iranian boy
Our mosque will be the world where radical Islam committed group. death by stoning for adultery. violated the Ramadan fast. He
headquarters of a new Islam that its greatest modern atrocity. #page#• Most worrisome, Rauf After international criticism, received 85 lashes, which killed
is at peace with the 21st century May the light of our example embraces sharia, the Iranian jurists recently him.
and that strives to do for Islam drive the darkness from that fundamentalist Islamic law announced that several of these Does Imam Rauf embrace such
what Martin Luther did for day. responsible for too much of individuals instead would be brutality? Who knows? But the
Christianity in 1517. That’s If this mosque’s imam preached Earth’s totalitarian barbarism. hanged. fact that he wants the U.S. to be
when he nailed his 95 Theses to these sentiments, many -- and “What Muslims want is to • Since Muslims implemented “sharia compliant” rather than
t h e d o o r o f W i t t e n b e r g , perhaps most -- Americans ensure that their secular laws are sharia in northern Nigeria in sharia-free should worry every
Germany’s Castle Church, would agree that his antidote to not in conflict with the Quran or 2000, at least twelve people liberty-loving American.
l a u n c h e d t h e P r o t e s t a n t al-Qaeda’s poison could stand the Hadith, the sayings of have received death sentences While America battles militant
R e f o r m a t i o n , a n d h e l p e d 56 feet from the scene of its Muhammad,” Rauf wrote in an for homosexuality and adultery. Islam, should a pro-sharia
Catholicism correct its excesses. most heinous crime. Instead, April 24, 2009, Huffington Post Most of these, however, have mosque be allowed on our soil?
We will pray every day to save d o u b t s g r o w a b o u t t h e essay titled “What Sharia Law Is been commuted to mere jail The First Amendment may
t h e 2 , 7 5 2 i n n o c e n t s o u l s moderation of Imam Feisal All About.” Rauf added: “What time. permit sharia advocacy, much as
slaughtered at the World Trade Abdul Rauf’s voice. It seems Muslims want is a judiciary that • Since January, women in West counseling Marxism-Leninism
Center in the name of a militant more likely that the words above ensures that the laws are not in Aceh, Indonesia, must wear remained legal even as
Islam that we wholeheartedly would leave him tongue-tied. conflict with the Quran and the long skirts rather than jeans or Americans shivered through the
r e j e c t a n d e n d e a v o r t o • Just 19 days after September Hadith.” He also has written that trousers. Police enforce this GROUND page 69
overcome. 11 -- while Ground Zero still he wants to give “religious rule, sometimes by cutting the
66 E-reader News Edition
WHY
continued from page 64
beliefs, politics and economics, 1981 of the Islamic Society of resurgence in the era of wrong. It is a sin in our religion. “targeting civilians is wrong,”
education and society, North America. ISNA later Obama’s “outreach” to Islam, Whoever does it, targeting but when it comes to Israel, a
jurisprudence and rule, funded Hamas, using its Illinois notwithstanding their civilians is wrong. I am a country fighting for its survival,
indoctrination and teaching, the headquarters to house the Holy designation by the Justice supporter of the state of Israel.” Brotherhood ideology
arts and publications, the hidden Land Foundation for Relief and Department as unindicted Nonetheless, the interview was a emphasizes that all Jewish men
and the evident, and all the other Development (HLF) -- an coconspirators in the recent public-relations disaster. and unmarried women are
domains of life. ostensible “charity” set up by HLF prosecution, in which Attempting to contain the drafted into the armed forces,
Again: no separation of the the Brotherhood to underwrite several defendants were damage, Rauf’s office put out a and most remain in the reserves
spiritual and the temporal, of Hamas’s operations. Thereafter, convicted for financing Hamas. statement: “Imam Feisal has for years thereafter; therefore,
Islamic and civil law. They are when the Brotherhood created #ad#Barzinji has been involved always condemned terrorism most Jewish Israelis are not
one. And, it turns out, the top the Council on American- in large-scale American mosque (see his . . . hundreds of considered civilians by Hamas.
priority of Rauf’s Cordoba Islamic Relations (CAIR) to be projects before. He is a founder speeches). Hamas is both a But wait a second, you say:
Initiative is the Sharia Index its public-relations arm of the Dar al-Hijra mosque and political movement and a Didn’t Rauf declare outright that
Project, which is designed to (disguised as a civil-rights Islamic community center in terrorist organization. Hamas he is a “supporter of the state of
plant and expand Islamic law in organization), seed money came Virginia (about which I’ve commits atrocious acts of terror. Israel”? He certainly did, but he
every country. Wonder of from HLF. written here). His co-founders Imam Feisal has forcefully and was careful not to say in what
wonders, that just happens to be In late 2008, IIIT and ISNA included Ismail Elbarasse, consistently condemned all form. In fact, he supports a state
the Muslim Brotherhood’s top republished Rauf’s book, another Brotherhood forms of terrorism, including of Israel stripped of its Jewish
priority -- the installation of What’s Right with Islam, under heavyweight who helped his those committed by Hamas, as character. Earlier this week, a
sharia being the necessary the new title, What’s Right with former business partner, Mousa un-Islamic.” 2005 speech was uncovered in
precondition to the Islamicizing Islam Is What’s Right with abu Marzook, run Hamas from These are clever assertions. which Rauf explained that he
of a society. And, lo and behold, America. The book had been Virginia in the early Nineties. They give Rauf’s admirers sees Israel, with its growing
Rauf’s partners in the Sharia released in Malaysia, in 2004, (Deported from the United ammunition to plead his case Arab sector, becoming “post-
Index Project include Jamal under the more ominous title A States in 1994, Marzook is now but leave his Brotherhood Zionist,” “secular,” and
Barzinji and his International Call to Prayer from the World the No. 2 Hamas official.) friends pacified. Yes, Rauf now “multicultural.” He perceives its
Institute of Islamic Thought Trade Center Rubble: Islamic Besides being a hub of Hamas appears, finally, to concede that “identity” as a Jewish state
(IIIT). Dawa in the Heart of America support, the Dar al-Hijra center Hamas is a terrorist having “shifted enormously”
#page#As Zeyno Baran recounts Post-9/11-- “dawa” being the is now infamous for having organization. Yet it is one he since its founding.
in an essay for the Hudson stealth form of jihad by which retained al-Qaeda recruiter cannot bring himself to Consequently, he rejects the so-
Institute’s invaluable series, the Brotherhood promises to Anwar al-Awlaki as one of its condemn because, voila, it’s called “two-state solution” -- the
Current Trends in Islamist “conquer America,” according imams, as well as for also a “political movement” American government dream of
Ideology(available here, scroll to its spiritual leader, Sheikh ministering to some of the 9/11 (just like the Muslim a Jewish state and a Muslim
to page 78), Barzinji is a pivotal Yusuf Qaradawi, a figure hijackers, the Fort Hood Brotherhood!). Rauf condemns state, co-existing side-by-side in
figure in the construction of the admired by Rauf. Barzinji assassin, and an al-Qaeda “terrorism” in the abstract, but peace. Instead, Rauf concluded,
Brotherhood’s American personally chaired the meeting operative now serving a life don’t ask him to condemn “My own personal analysis tells
network. Barzinji formed IIIT as that launched the republication sentence for plotting to murder specific terrorists. Being against me that a one-state solution is a
a think tank geared toward the “ of Rauf’s book, and the IIIT Pres. George W. Bush. “terrorism” is safe: The more coherent one than a two-
Islamicization of knowledge.” subsequently hosted Rauf at a ONE-STATE SOLUTION Brotherhood does not consider state solution.”
Later, perceiving the need to December 2008 event. ISNA In repeatedly refusing to attacks by Hamas to be One state, no longer a Jewish
establish an “umbrella and CAIR, meantime, have condemn Hamas during the “terrorism” -- they are state, stretching from the
organization” for Islamist become leading advocates for WABC radio interview, Rauf resistance(as in “the Islamic Mediterranean to the Jordan
groups in the United States, the Ground Zero mosque. Both took pains to offer the caveat Resistance Movement” --
Barzinji forged the creation in groups are enjoying a that “the targeting of civilians is Hamas). Rauf declares that WHY page 68
E-reader News Edition Politics-Right/ 67
River -- you know it’s funny: — Andrew C. McCarthy, a most recently, of The Grand McCarthy
That just happens to be Hamas’s senior fellow at the National Jihad: How Islam and the Left
plan. Review Institute, is the author, Sabotage America. Andrew C.
E-reader News Edition Politics-Right/ 69
GROUND
Government Alters Stimulus Sign Policy, Raising continued from page 65
video support, over its Places [hat tip: Rob Gonda] Reviews:
Buy Reddit Via Twitter location framework, we’re
equally certain that the company
Brightkite, Facebook,
Foursquare
Jolie O'Dell (Mashable!) those pesky, troublesome users will leave many other features More About: facebook,
Submitted at 8/27/2010 8:45:43 PM that we love so much. — including potentially money- Facebook Places, Photos, places
Condé, we’ll be waiting for a making ones such as social For more Social Media
We’ve seen marriage proposals, call. gaming — to third-party coverage:
political protests, high-profile Reddit’s traffic profile and d e v e l o p e r s . • Follow Mashable Social
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new one for the list of bizarre Cheezburger family, we have to Facebook’s Places pages yet? • Subscribe to the Social Media
and significant tweets. admit. And if anyone knows Let us know in the comments channel
Ben Huh, founder and CEO of about printing paper, financially what you think of the feature, • Download our free apps for
the Cheezburger Network and speaking, based on memes and a n d f e e l f r e e t o s e n d u s iPhone and iPad
meme mastermind, has offered critical masses of web traffic, screenshots if you see any new
to buy link-sharing site Reddit Condé Nast-imposed bottom it’s Huh. ways the images are being
for an undisclosed sum. line was not being met. After But after being turned down in i n t e g r a t e d w i t h l o c a t i o n
After approaching a few Reddit around 6,000 Reddit members the past, do you think Huh will t e c h n o l o g i e s .
staffers privately about his donated, the site was deemed make an impression on Condé
desire to acquire the struggling “saved.” Nast with his tweeted offer? Let
site, he made the offer publicly It’s that sense of community us know what you think in the
via The Daily What and then that’s inspired Huh to make a comments. Reviews: Internet,
tweeted his intentions for all the bid for the site. “I’ve tried Twitter, reddit.com
world to read. before,” he wrote to us in a More About: Ben Huh,
Reddit is currently owned by private Twitter exchange, “and Cheezburger, conde nast, reddit
Condé Nast, publishers of print been told a flat out ‘not for For more Business coverage:
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