Relief for World Food Crisis Made More Difficult by Cyclones, Riots

In the wake of the devastating cyclone in Myanmar and widespread rioting in Somalia, the international community continues to try and respond with food relief to confront the rising need. World Food Programme Executive Director Josette Sheeran discusses those efforts. Streaming Video

You Can't Make This Up!

Hillary Clinton enthusiastically picked a filly named Eight Belles to win the Kentucky Derby and compared herself to the horse. Eight Belles finished second. The winner was the favorite, Big Brown.

Eight Belles collapsed immediately after crossing the finish line, and was euthanized shortly thereafter.

China now No. 1

(Q) China has overtaken the USA to become the world's No. 1 industrial source of carbon dioxide, the most important global-warming pollutant, according to a scientific study to be published today.
The study and two others — one recently published and another coming — agree that China's carbon-dioxide emissions surpassed those in the USA in 2006. That's decades earlier than had been predicted by the International Energy Agency four years ago.

All three studies examine emissions of carbon dioxide from the burning of fossil fuels such as coal. Energy usage is the most significant man-made source of carbon dioxide, which accumulates in the atmosphere and traps heat.

Unless China sharply cuts its emissions, "the situation is pretty bleak," says Richard Carson of the University of California, co-author of a study in today's Journal of Environmental Economics and Management. "There's a lot less time to do something than people previously thought."

China's total emissions in 2006 roughly tied U.S. emissions, according to another study in the April 24 issue of Geophysical Research Letters. But China's monthly production of carbon dioxide overtook the USA's in mid-2006, the study says. "Nobody could anticipate the rate of growth that's taken place in the last six or eight years in China," says Gregg Marland of Oak Ridge National Laboratory, one of the authors of that study. Courtesy USA Today

Obama Leads in Oregon

With three weeks until Oregon's Democratic primary, Sen. Barack Obama edges Sen. Hillary Clinton, 50% to 44%, according to a new SurveyUSA poll.

Compared to an identical tracking poll three weeks ago, Obama is down 2, Clinton is up 2 -- "small movement to be sure, and within the survey's margin of sampling error, but movement away from Obama and to Clinton nonetheless."

Poll: Bush most unpopular in modern history

(Q) A new poll suggests that George W. Bush is the most unpopular president in modern American history.

A CNN/Opinion Research Corporation survey released Thursday indicates that 71 percent of the American public disapprove of how Bush his handling his job as president.

"No president has ever had a higher disapproval rating in any CNN or Gallup poll; in fact, this is the first time that any president's disapproval rating has cracked the 70 percent mark," said CNN Polling Director Keating Holland.

"Bush's approval rating, which stands at 28 percent in our new poll, remains better than the all-time lows set by Harry Truman and Richard Nixon (22 percent and 24 percent, respectively) but even those two presidents never got a disapproval rating in the 70s," Holland added. "The previous all-time record in CNN or Gallup polling was set by Truman, 67 percent disapproval in January 1952."

CNN Senior Political Analyst Bill Schneider adds, "He is more unpopular than Richard Nixon was just before he resigned from the presidency in August 1974." President Nixon's disapproval rating in August 1974 stood at 67 percent.

McCain & Clinton Fail Economics 101

I don't know why, but I always seem to be surprised by the pandering of politicians. I guess that makes me somewhat naive.

The latest bit of idiocy from two of the three candidates for the highest office in the land was a suggestion that federal gasoline taxes -- 18.4 cents a gallon -- be suspended from Memorial Day to Labor Day. To his credit, Barack Obama dismissed this as counter-productive gimmick. I don't have a horse in this race, but I am heartened to see at least one candidate is not clueless.

A quick lesson in Supply & Demand 101 for the Maverick McSame and Yoko: Strong demand and limited supply of a product lead to price increases. If you artificially lower the price of something -- i.e., waive taxes for a period of time -- all you will have accomplished was stimulating more demand. The higher demand and increased consumption eventually lead to even higher prices.

Hence, the expression the cure for high prices is high prices.

Put this plan into effect and long before summer's end, gasoline prices would have risen to the pre-tax holiday levels. Then, we slap that tax back on, and the electorate is pissed at you. Then, neither of you gets elected. Not only bad economics, but bad politics.

We have no energy policy, and none on the horizon. Candidates serious about the issue of high energy prices should be discussing increased CAFE standards, capital gains tax waivers for alternative energy investments, greater offshore drilling, Pigou taxes, rapid nuclear plant approvals, a huge increase in the basic R&D the government does on energy -- a Manhattan project for energy and transportation science.
Courtesy The Big Picture

Sticking To Their Bad Ideas

(Q) It is great to see that we finally have some national unity on energy policy. Unfortunately, the unifying idea is so ridiculous, so unworthy of the people aspiring to lead our nation, it takes your breath away. Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer’s travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.

When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit. Read more of Thomas Friedman

Inflation Abounds

Click on Graph to View (Q) The Federal Reserve is now in day 1 of their two day meeting. The statement we get tomorrow, and the minutes we will read next month are likely to be intriguing.

Why? The longstanding official myth that inflation is modest, and contained is starting to be recognized for the fraud that it is.

Examples abound: The Times of London: Food-price inflation has already pushed up a typical family’s weekly shopping bill by 15 per cent in a year (Era of cheap food ends as prices surge). Yet here in the US, the BLS has food prices up only 4.5% year over year (that's with the dollar down ~2% vs. the pound)

The price of rice has increased dramatically in recent weeks due to crop failure overseas and resulting hoarding… Rice has doubled in price in six months. (Bay Area Shoppers Asked To Limit Rice Purchases)

During the first week of April…leisure fares from traditional carriers on 280 major routes rose 13 percent from the previous year...We've got an industry that's in trouble," said Vaughn Cordle, chief executive and chief analyst at AirlineForecasts in Washington. "If oil prices stay anywhere near $100, $120 for the year ... we'll have a massive restructuring of the airline industry." (Summer travel headaches loom as airlines' woes deepen).

All these obvious price increases are begining to undermine confidence in the Federal Reserve. Courtesy The Big Picture

Obama Splits With Wright

In an extraordinary press conference here, Obama denounced the Rev. Jeremiah Wright, saying that Wright's comments yesterday angered and saddened him -- and are antithetical to what his campaign is about.

"I've known Rev. Wright for almost 20 years. The person that I saw yesterday was not the person I met 20 years ago. His comments were not only divisive and destructive, but I believe that they end up giving comfort to those who prey on hate, and I believe that they do not portray accurately the perspective of the black church."

"They certainly don't portray accurately my values and beliefs. And if Rev. Wright thinks that that's political posturing, as he put it, then he doesn't know me very well. And based on his remarks yesterday, well I might not know him as well as I thought, either."



Comments from Andrew Sullivan
That was a very impressive, clear and constructive re-framing of the core message of his candidacy; and a moment given to him by Wright. No one will ever be able to say that Obama threw his father-figure and pastor under the bus. We all know that the reverse happened. We also know that this clear repudiation of Wright's toxic, indeed "ridiculous" views on AIDS, 9/11 and permanent immiseration of people of color could not have happened unless Wright had made it necessary. Skeptics may wonder whether Wright actually deliberately did Obama a favor. I doubt it. But a favor it unintentionally is.

Maybe God does bring good out of bad. Maybe these racial and cultural divides can help us understand how better to move beyond them. Cynics may scoff - and certainly will. They will parse every nuance and try to paint Obama as another cynical, positioning pol. I don't believe it. He has more sincerity and integrity than the vast majority of politicians, more honesty, and more resilience in a very tough spot.

And today, we found that he can fight back, and take a stand, without calculation and in what is clearly a great amount of personal difficulty and political pain. It's what anyone should want in a president. It makes me want to see him succeed more than ever. It's why this country needs to see him succeed more than ever.

Rev. Jeremiah Wright, NAACP Speech

Part 2


Part 3


Part 4


Does he say something that offends you? Does he speak the truth? What are your thoughts?

As Democrats Battle On, Shields and Brooks Size Up Tactics

Sens. Hillary Clinton and Barack Obama are turning their attention to Indiana and North Carolina as the battle for the Democratic nomination rolls on while GOP Sen. John McCain has sought to hone his political message on the campaign trail. Analysts Mark Shields and David Brooks discuss the week's political news. See Streaming Video

Karl Rove: My Advice for Barack Obama

Four months ago, you took the political world by storm in Iowa. The media were agog. They called your words "gorgeous," your victory "a message to the world." You "made history" and Americans could "look at ourselves with pride" in "a moment to marvel."

Times change. The six weeks leading into Pennsylvania were difficult. You excelled at raising money and gaining endorsements, but got weaker as big problems emerged. Before you can fix them, you must understand them. In Pennsylvania, you won only 30 percent among Catholics and 29 percent among white working-class voters. Defections like this elect Republicans.

Even liberal commentators who adore you warn you can't win with a McGovern coalition of college students and white-wine sippers from the party's left wing. Saying small-town voters cling to guns, faith and xenophobia because of economic bitterness hurt you; it reinforced the growing sense you don't share Middle America's values. So did asking about the price of arugula in Iowa, dismissing the "true" patriotism of people who wear a flag lapel pin, being "friendly" (as your chief strategist, David Axelrod, put it) with a violent, unrepentant '60s radical and having a close relationship with an angry pastor who expressed anti-American sentiments.

You argue the son of a single working mom can't be an elitist. But it's not where you start in life; it's where you end up. After a prestigious prep school, Columbia and Harvard, you've ended up with the values of Cambridge, San Francisco and Hyde Park. So you're doing badly in Scranton, Youngstown and Erie, where ordinary Americans live.

HERE ARE SIX SUGGESTIONS FOR WHAT TO DO.

Your lack of achievements undercuts your core themes. It's powerful when you say America is not "Red States or Blue States but the United States." The problem is, you don't have a long Senate record of working across party lines. So build one. In the coming months, say that you'll appoint Republicans to your cabinet and get a couple to say they'd serve. Highlight initiatives Republicans can agree on. Most importantly, push for a bipartisan issue now before Congress.

To read the other five

Strange Bedfellows...Times are Changing

Is the Fed Causing a Global Food Crisis?

The Federal Reserve's irresponsible bailout of Wall Street's most reckless players is having very significant repercussions, both in the US and abroad.

It starts with the US dollar, now off 40% from its highs earlier this decade. This has had a huge impact on commodity prices, and is the prime reason so many countries are considering dropping their peg to the US Dollar.

Overseas, price spikes in basic foodstuffs has led to riots and political unrest. Considering that in many regions of the world most of a family's income goes to basic survival purchases such as food shelter and energy, it doesn't take much in the way of price rises to lead to significant turmoil. According to Bloomberg, the average household in India spent 32% of its income on food last year. Compare that with 6% in the U.S., and 43% in Indonesia, or 36% for the Philippines.

Hence, the 50% rise in the price of rice in recent months is leading to increasing turmoil.

In the US, the results aren't nearly so dire. With Sam's Club and Costco limiting rice purchases to four 20 pound bags per visit, starvation isn't an issue. But the Government's credibility is, as more and more folks come to the realization that the official statistics are nonsense. And, the absurd Fed focus on the core rate of inflation has people shaking their head in wonder over how out of touch our Central bankers are. Consider this recent San Diego Union Tribune column:

"For the Federal Reserve, the core inflation rate amounts to a green light to continue its policy of lowering interest rates in order to keep the economy from falling into a deep recession. A higher inflation rate could conceivably make the central bank freeze or raise interest rates.

But many economists say the core rate does not show how inflation is affecting the typical consumer. Because salary raises for most people are not keeping pace with the rising cost of living, people are using a greater percentage of their wages to buy a smaller amount of goods."

That's typical of the sort of coverage that is gaining traction -- and it only took $120 Oil and $5 milk to get some attention focused on the issue.

We've been beating the drum on this for years now. The cat is out of the bag, and we will have to see if any of the candidates have the stones to step up and address the issue.

Digging deeper into this situation is the cover story of the May 2008 edition of Harpers is titled "Why the Economy is Worse than We know" (pdf). It contains a review of the myriad ways the government has corrupted the way official statistics are reported for jobs, inflation, GDP, etc. (I have a brief mention in it).

The article is by Kevin Phillips, the author of Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism.

Meanwhile, more and more people are recognizing the reality beneath the spin. The President and members of Congress seem genuinely perplexed at the public's negativity. (Public's View of Economy Takes Fast Turn Downward). They keep blaming the Iraq war for this, despite the fact media coverage has dropped significantly and completely disappeared from Fox News.

The Fed meets again next week, and the expectation is for "only" a quarter point rate cut. That is how distorted our perspectives have become -- parts of the world is having food riots, and merely taking rates down another 25 bps is somehow perceived as a moderate action. Courtesy The Big Picture

50 Shots=Not Guilty

(Q) I just keep thinking of Aunt Sally in Huck Finn:

NEW YORK (CNN) -- A judge acquitted three New York Police Department detectives of all charges Friday morning in the shooting death of an unarmed man in a 50-bullet barrage, hours before he was to be married.

Detectives Michael Oliver and Gescard Isnora were found not guilty of charges of manslaughter, assault and reckless endangerment in the death of Sean Bell, 23, and the wounding of two of his friends.

Detective Marc Cooper was acquitted of reckless endangerment.

Keep in mind that this case was decided by a single judge, rather than a jury. The cops weren't comfortable with the idea of a jury of their peers.

This verdict occurs at a time when the NYPD has lapsed into a pattern of unaccountability, where instead of pursing violations, cops are given a tongue lashing:

In 2004, 88 cases against police officers actually made it to trial. Last year, that number was eight. And yet, the police department claims that it's actually doing a better job of prosecuting bad cops. How? By employing a complex manipulation of statistics.

Complaints are prosecuted not by the CCRB itself but by the NYPD's Department Advocate's Office, which, since Julie Schwartz took over in 2004, has increasingly used a light hand with police officers who are found to deserve discipline. After Schwartz took over, the percentage of officers receiving "instructions" (what amounts to a talking-to, the lightest possible penalty) jumped from 29 percent of those disciplined in 2004 to 57 percent in 2005. In her second year, the number increased to 73 percent.

That's a lot of stern lectures.

The NYCLU referred to it as "a free pass to engage in misconduct".

Calling it a "seismic shift" in policy, Christopher Dunn, the NYCLU's associate legal director, asserts: "Between the dramatic increase in the number of CCRB [Civilian Complaint Review Board] cases the department is dismissing, and the large number of cases where officers get only a slap on the wrist in the form of instructions, the department has essentially given officers a free pass to engage in misconduct."

That's my concern with the Sean Bell verdict. With violations being punished less often and less harshly within the department, and these cops facing no consequences for pumping 50 shots at three unarmed black men, things will only get worse.

This was not a murder trial. The men were given lesser charges that I believe were more suited to their crime. These did not sound like bloodthirsty men who just wanted to pop somebody, they sounded like cops who got scared and behaved recklessly. A man is dead because of that, and I don't see any justice in allowing them to go free without consequences.

And I will say this: 50 shots at an unarmed target. That kind of thing never, ever seems to happen to anyone else. Courtesy Jack and Jill Politics

Is it the Shoes? or Video Imaging...

Is The Border Fence Working?

Mexican nationals storming the border near San Diego, day and night. That was the early 1990s.

Today, on that border is double fencing, stadium lighting, surveillance cameras and motion detectors. It's the most heavily fortified five miles of the border - all monitored from a command center near San Diego, CBS News correspondent Bill Whitaker reports.

"Over the years the San Diego sector has been able to incrementally gain operational control of this area," said Michael Fisher, the San Diego sector's chief patrol agent.

Proof? The number of people caught crossing illegally has dropped dramatically from 600,000 a year in the early '90s to just 153,000 last year.

Fewer apprehensions means fewer people sneaking across, says the Border Patrol.

Only 670 miles of the 2,000-mile border are to get fencing and that's behind schedule. The price tag: $1.2 billion, says the Border Patrol. That's up to $3 million per mile.

But factor in life-time maintenance and congressional researchers say the price could top $50 billion.

But won't they just move on down the road to the next property?" Whitaker asked.

"They will, they will," Hodges said. "It's just not going to stop as long as there's a market for illegals."

9.1 Percent

The Final Tally.

McCain's Reverend Wright?

(Q) John Hagee is the one who contends that New Orleans drew the wrath of God in Hurricane Katrina for a gay-pride parade that the city was planning. "What happened in New Orleans looked like the curse of God,'' Hagee told a radio talk show host again this week. "In time, if New Orleans recovers and becomes the pristine city it can become, it may in time be called a blessing. But at this time it's called a curse... I\It was a city that was planning a sinful conduct.''

"To this day, Rev. Hagee continues to blame the sins of the people of New Orleans for the catastrophe of Katrina, and yet Sen. McCain actively sought his endorsement and has refused to condemn his comments,"

"On Sunday he maintained he was "glad to have" Hagee's endorsement.
However...when McCain ran for president in 2000, he chastized then-Governor Bush for “seeking the support of Southern fundamentalists who have expressed anti-Catholic views,” saying that he “would condemn openly” such “agents of intolerance.” Now he says such intolerance is just “taken out of context.”

Catholic League president Bill Donahue has answered back:

"Did we also mischaracterize Hagee when he called my religion 'The Great Whore,' the 'apostate church,' the 'anti-Christ' and a 'false cult system'? McCain cannot ignore Hagee's lies any more than he can tolerate his bigotry. This is getting out of control."

It is interesting how John McCain is getting a pass on this from the Media? The Media is not asking, nor is John McCain willing to denounce/renounce/reject these statements...hmmm.

McCain Warns That Democrats Will Unify

From the latest Evans-Novak Political Report:

"Obama's difficulties and the prolongation of the Clinton-Obama confrontation have lifted Republicans from their slough of despondence to optimism about the presidential election. The transformation from deep pessimism to overriding optimism is such that McCain is privately warning supporters that once the nomination is decided and supporters of the losing Democratic candidate return to the fold, he will fall behind badly (though, McCain hopes, temporarily)."

Also: "High-level Republican contributors and fund-raisers complain that the McCain campaign has not got its act in order and is still badly disorganized. This comes from very heavy GOP hitters."