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Ethel the Blog
Observations (and occasional brash opining) on science, computers, books, music and other shiny things that catch my mind's eye. There's a home page with ostensibly more permanent stuff. This is intended to be more functional than decorative. I neither intend nor want to surf on the bleeding edge, keep it real, redefine journalism or attract nyphomaniacal groupies (well, maybe a wee bit of the latter). The occasional cheap laugh, raised eyebrow or provocation of interest are all I'll plead guilty to in the matter of intent. Bene qui latuit bene vixit.

The usual copyright stuff applies, but I probably won't get enraged until I find a clone site with absolutely no attribution (which, by the way, has happened twice with some of my other stuff). Finally, if anyone's offended by anything on this site then please do notify me immediately. I like to keep track of those times when I get something right.

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Friday, July 05, 2002

MAJOR FUCKUP RESURFACES
The
NYTimes informs us that the Cabal is planning to bring back a program that led to one of the stupidest and most embarassing fuckups of the Holy War on Drugs. As if we need any further proof that the Bush Cabal are the poster boys for kakistocracy.
President Bush is expected to approve the resumption of a program to force down or shoot down airplanes suspected of ferrying drugs in Latin America, a year after the program was halted by the mistaken downing of a plane carrying American missionaries in Peru, officials say.
...

posted by Steven Baum 7/5/2002 04:19:38 PM | link

JAZZFEST 2002
Good beer, good (albeit deadly) food, and a broadcast of the highlights of the
2002 Playboy Jazz Festival (which took place on June 15-16) made it a memorable 4th.

Jazzfest 2002
New (to me) and impressive performers included Les Yeux Noirs (gypsy/klezmer/jazz) and Nnenna Freelon (jazz vocalist). If anyone's got a MP3 of all or part of it, I'd be more than happy to hear from you.
posted by Steven Baum 7/5/2002 04:02:55 PM | link

Wednesday, July 03, 2002

QUOTE OF THE WEEK
"The fact of the matter is we are coming from a country that experiences terror daily. Our purpose was to document the event."

Israeli talk show statement by one of the 5 Israelis caught recording the attacks on the World Trade Center, detained for 71 days, and finally deported to Israel


posted by Steven Baum 7/3/2002 01:30:46 PM | link

CAMP CRACKHOUSE
ABC reports on a military drug ring bust. I hear that some may be punished almost as much as the chap who criticized the emperor.
More details of Operation Xterminator, headed by the Naval Criminal Investigative Service, will be released at a news conference Wednesday at Camp Lejeune.

Authorities said in a news release that 61 active-duty service members were identified as possible distributors and 23 as designer drug users. Military officials said some were brought to court-martial but did not say how many.

Special Agent Robin Knapp said the operation, which began in February 2000 and involved Onslow and New Hanover counties, targeted Marines and sailors using or distributing designer drugs such as Ecstasy.

Members of a task force, which included local and state authorities, conducted about 105 investigations over the course of the operation and seized illicit narcotics valued at more than $1.4 million.

Knapp said the investigation started when law enforcement agencies learned that a number of military service members from Camp Lejeune were at clubs in New Hanover County where Ecstasy was believed to be prevalent.


posted by Steven Baum 7/3/2002 01:05:58 PM | link

AN EXPERIENCED HAND AT FRAUD
The
AP reports on Bush's extensive experience with the sort of corporate fraud we're seeing these days. Basically, daddy's SEC appointee got together with daddy's lawyer and decided not to prosecute daddy's boy, although the last sentence indicates that at least one SEC employee had a problem with the whitewash.
President Bush defended in a snappish tone Tuesday his own business experience with a corporation accused of fishy accounting.

``Everything I do is fully disclosed; it's been fully vetted,'' the president said as he paused to speak with reporters during a church appearance in Wisconsin. ``Any other questions?''

Bush was responding to a journalist who asked for his reaction to New York Times columnist Paul Krugman, who said in Tuesday's newspaper that Bush's recent campaign against corporate malfeasance draws on ``firsthand experience of the subject.''

Bush, in 1989, was on the board of directors and audit committee of Harken Energy when the company masked $10 million in losses by reporting a profit on the sale of a subsidiary to a group of Harken insiders borrowing money from the company itself.

The Securities and Exchange Commission ruled the transaction phony and forced the company to restate its 1989 earnings. The SEC also investigated Bush for insider trading after he sold nearly $850,000 of Harken stock shortly before its mounting debt was publicly disclosed.

The SEC eventually closed its investigation of Bush without taking action against him, although The Dallas Morning News has quoted a 1993 letter from the SEC to Bush's lawyer emphasizing that its decision ``must in no way be construed as indicating that (Bush) has been exonerated.''


posted by Steven Baum 7/3/2002 11:38:02 AM | link

Tuesday, July 02, 2002

BAKER ON PRIVATIZATION ETC.
Dean Baker's
latest Economic Reporting Review offers the usual skewerings of ideology masquerading as economics. On a fawning article about the Chilean government's plan to privatize its unemployment compensation:
At one point, the article comments that "because of efficiencies from piggybacking the new system on Chile's existing system private pension program, the commission that the fund manager will earn is only 0.6 percent." The article does not identify the base on which the 0.6 percent administrative cost is being assessed. Without this information, it is impossible to determine whether this is a high or low administrative fee. It is also worth noting that, according to the World Bank, the administrative costs of Chile's privatized Social Security system are thirty times as high as the administrative cost of the publicly run system in the United States.

At one point the article quotes the director of the commission that established the plan as claiming that the system "will inject up to $3 billion in new investment capital into the Chilean economy over the next seven or eight years." If this is true, then it implies that workers will be assessed fees that are on average far larger than the unemployment benefits they receive. (If the benefits are equal to the amount being paid into the system, then there would be no additional money to inject into capital markets.) It is also not clear that this would be a net increase in funds available to capital markets, since the increased fees charged to workers may lead to some reduction in their savings.

On an article attempting to explain away massive corporate malfeasance using the "rogue elephant" theory:
This article reports on how the recent wave of corporate corruption scandals has reduced the appeal of the U.S. business model in the rest of the world. At one point it asserts that "most experts agree that the main problem is not with the [accounting] principles themselves but with people who are determined to distort their companies' financial results."

When a system fails, economists usually attribute the fault to the design of the system rather than the particular individuals involved. For example, few economists attribute the failure of central planning to the specific people who managed the economies of the former USSR and eastern Europe. Similarly, given the apparently widespread failure of the U.S. system to prevent abuses by top executives, it seems more reasonable to attribute the problem to the system of corporate accountability in the United States, rather than the specific individuals. The article does identify anyone who has the view attributed to "experts."

At one point the article notes that the United States is running a large trade deficit. It claims that it must attract a net inflow of "$1.3 billion in foreign money every day" to support this deficit. Actually, the causation is the opposite of what is implied here. The large inflow of foreign money raised the value of the dollar. This in turn made foreign imports cheaper and more attractive to consumers in the United States, and made U.S. exports more expensive to foreigners. As a result, the United States is running a large trade deficit. If the capital inflows decline, the dollar will fall. This will reduce demand for imports and lead to more U.S. exports, thereby reducing the size of the trade deficit.


posted by Steven Baum 7/2/2002 01:37:39 PM | link

THE MYTH OF THE GENEROUS OFFER
Former CIA analyst (turned anti-semite, of course)
Kathleen Christison deconstructs the myth of the "generous offer" that Arafat rejected to supposedly sink the Camp David summit in July 2000.
...
This failure of understanding is the primary reason the peace process collapsed at the Camp David summit in July 2000. The myth of Israeli Prime Minister Ehud Barak's "generous offer" has created the widespread misapprehension that Yasir Arafat rejected out of hand, without even offering a counterproposal, an extremely good deal that he should clearly have accepted. Arafat's rejection supposedly proved, according to the prevailing wisdom, that the Palestinians were unwilling to conclude any deal that would allow Israel to live in peace and that they were still irreconcilably opposed to Israel existence.

According to the myth, Barak's proposal would have given the Palestinians, as New York Times columnist Thomas Friedman is fond of repeating, "95 percent of the West Bank and half of Jerusalem, with all the settlements gone". In fact, what Barak actually offered at Camp David was to withdraw from 89-90 percent of the West Bank, not 95 percent; to give the Palestinians sovereignty in a few non-contiguous neighborhoods of East Jerusalem, not half of Jerusalem; and, far from assuring that all the settlements would be gone, to annex to Israel settlements housing fully 80 percent of the 200,000 Israeli settlers in the West Bank and 100 percent of the 170,000 settlers in East Jerusalem.

The resulting Palestinian "state" would have been broken up in the West Bank into three almost completely non-contiguous sections, each connected only by a narrow thread of land and each surrounded by Israeli territory, plus Gaza. This so-called state would have been a colony, not a state--with no real independence, no ability to defend itself, no control over its borders, no control over its water resources, no easy way even for its citizens to reach one section from another, and a capital made up of separate neighborhoods not contiguous to each other or to the rest of the state. Israel would never have agreed to live in a disjointed, indefensible state like this, but Israel and the United States thought it fine to offer this to the Palestinians. This Israeli offer, made with U.S. support and participation, turned the promise of Resolution 242 on its head.
...


posted by Steven Baum 7/2/2002 10:55:30 AM | link

THE CEO QUIZ
Paul Riddell (via What Really Happened) has composed a most entertaining quiz for those who wish to become CEOs in the "new economy."
...
4. You are the new head of a Yahoo! regional branch, and you've been told to improve profitability at all costs. You start by laying off all of the developers and replacing them with fresh college grads who cost half as much as the original developers. However, since all of the new hires are otherwise unemployable MBAs whose parents are in upper management and whose skills consist of surfing porn sites all day and masturbating like caged apes, 10 new hires do the work of one original developer, and this if they can find the "Perl For Dummies" books at the local bookstore. How many new hires can you take on before you resign "to spend more time with your family" and let Yahoo! shut down that regional branch and fold its staff into another office?
...
8. Your company uses a considerable number of permatemps to deal with such annoying problems such as having to pay for benefits or sharing profits. You currently need 100 permatemps to make sure that your new software gets out the door. As each permatemp reaches his or her third month with the company, s/he realizes that you will never ever hire him/her, and has a 20 percent chance of leaving at the end of any given week without advance notice. Recruiting companies constantly call to offer you more permatemps, but each one can only supply 4 contractors before you throw a hissy fit and cancel the contract because the company is no longer a "preferred vendor". Considering that the software life cycle is two years, how long can you continue to choose new "preferred" vendors until the number of recruiting companies that have dealt with your company exceeds the number of stars in the known universe?
...
13. You just shut down your dotcom after telling employees for months that the financial situation was "wonderful" and that they should make long-term financial decisions that they'd never make if the company was foundering, leaving 5000 hardworking employees on the street with no warning whatsoever. Since you invested every penny of their 401(k) funds in Enron stock, they are now penniless. You, however, are not penniless, having cashed in your stock at the first sign of trouble, and while you publicly empathize with your poor suffering ex-employees for the TV cameras, you have no intention of sharing a penny of your $30 million windfall with them, not including the $2 million you awarded yourself as an "executive retention bonus" while the bankruptcy goes through the courts. About three weeks later, as you and two $2000 ladies of the night are out celebrating your grand luck and fortune, fifteen of your former employees greet you at your SUV parked on a dark street. 20 percent of them have riot clubs or lead-filled pipes, 15 percent of them have steel-toed boots, and five percent of them have dental picks to help remove your gold fillings. How many months will you spend in the Intensive Care Unit after your much-deserved beating before you relearn such advanced skills as color vision and bowel control?

posted by Steven Baum 7/2/2002 10:35:22 AM | link

DOLE LOBBIES FOR TYCO
Prominent lefty
Robert Novak reports on Bob Dole's latest project, i.e. another sign that the big crackdown on corporate crime the Cabal is talking about will more likely be another cigar and brandy affair where the Cabal threatens their paymasters with "no glazed beets for a month."
Debt-ridden, scandal-stained Tyco International has quietly hired Robert J. Dole, the former Senate majority leader and 1996 Republican presidential nominee, as a Washington lobbyist.

Bob Dole Enterprises on June 20 registered with the federal government to lobby for Tyco. JoAnne Coe, secretary of the Senate when Dole was majority leader, was listed as the principal contact. The "specific lobbying issues" stated in the registration are "general corporate tax issues."

Actually, the image of the Bermuda-based, multi-purpose corporation needs refurbishing in official Washington. The Securities and Exchange Commission (SEC) and the Manhattan district attorney are investigating whether Tyco's corporate funds were used to improperly enrich its executives, especially former CEO Dennis Kozlowski.

In another column, Novak reports on the stern warnings from Bush that are making CEOs quake in their Gucci loafers.
...
The White House did not want to publicize the president's remarks, and left the account of Bush's admonitions about CEOs to a CEO: BRT Chairman John Dillon of International Paper. Dillon reported that Bush urged the business barons to "step up our focus on corporate governance" and "get out in front of this and make any corrections that are required."
...
Understandably, that message was buried in an Associated Press dispatch and ignored by major newspapers. Nor did the news media pay much attention a night earlier when Bush, at the end of a pep talk to a massive Republican fund-raiser, declared: "If you run a corporation in America, you're responsible for being honest on your balance sheet with all your assets and liabilities." Republicans who paid up to $250,000 apiece to be with the president that night responded with restrained applause.
...
The applause was undoubtedly restrained due to the discomfort of all the CEOs who'd just soiled themselves at the thought of no glazed beets for a whole month. Novak doesn't comment on the ensuing winkfest.
posted by Steven Baum 7/2/2002 10:05:54 AM | link

Monday, July 01, 2002

PLUNGE PROTECTION TEAM
Thus, governments, including central banks, have been given certain responsibilities related to their banking and financial systems that must be balanced. We have the responsibility to prevent major financial market disruptions through development and enforcement of prudent regulatory standards and, if necessary in rare circumstances, through direct intervention in market events. But we also have the responsibility to ensure that private sector institutions have the capacity to take prudent and appropriate risks, even though such risks will sometimes result in unanticipated bank losses or even bank failures.
With this statement in a
speech given in Belgium in 1997, Alan Greenspan started speculation about what has become known as a Plunge Protection Team. It was supposedly created after the October 1987 via a presidential executive order establishing a Working Group on Financial Markets. That is, as financial writer Rex Rogers put it:
"... it has become government policy to "protect" the investment community from the laws of gravity."
John Crudelle of the New York Post has written on the matter.
...
I've been giving hints about this sort of thing since September, but I believe the Fed's discussions were much more than just theoretical. I think the Central Bank actually stepped in and saved the stock market.

With the Fed taking an active role in the market, just about anything could happen - both good and bad.

The Fed's intervention in stocks is, to put it mildly, earth shaking in a free-market economy that prides itself for having equities that move up and down on their merits alone.

Let me give credit where it is due. While I was on vacation last week the Financial Times of London quoted a Fed official who didn't want to be named as saying that one of the extraordinary measures considered in January was "buying U.S. equities." The FT quoted the official as saying the Fed could "theoretically buy anything to pump money into the system" including "state and local debt, real estate and gold mines - any asset."

Including stocks.

There are lots of things wrong with the stock market right now.

Despite a wobbly market these past two years, equity prices are still much too high based on current earnings. And the valuation of stocks isn't going to get any more attractive when disappointing first quarter profits are announced by companies in a few weeks.

But all of these things pale in comparison with the impact of the Fed getting involved in the stock market. Forget everything else - this is the most important thing you need to consider right now if you are thinking of getting into the stock market.

I've been writing about the Fed's involvement in the stock market for some time. And I have some first-hand knowledge that I can now add to the FT report.

I had a conversation with a very worried Fed official back on Sept. 17, the day the stock markets reopened in the U.S. following the Trade Center attacks. He was bothered by the market's apparent lack of interest in the Fed's rate cut that morning.

Our discussion moved on to the fact that the Fed could easily intervene in the market by purchasing stock index futures contracts. That's an inexpensive and apparently foolproof way of rigging the market without leaving a trace.
...

There's also an 1997 Washington Post article by Brett Fromson that looks into the matter. Interesting stuff. Could those bought and paid for by Wall Street have implemented yet another scheme to protect their paymasters from those nasty risks inherent in real capiitalism?
posted by Steven Baum 7/1/2002 05:19:18 PM | link

MINORITY REPORT: A REVIEW
Today we have a guest review of "Minority Report" by none other than Limey Bob.
OK, I should have known better, I admit it. But Hollywood did a good job interpreting Dick's "Do Androids Dream of Electric Sheep?". But "Minority Report" bares only scant similarity to the short-story; in fact, one of the major points of the story, the Minority Report, barely surfaces in the movie - I won't spoil Dick's story if you' haven't read it yet. After Spielberg butchered (there's no other apt description) Kubrick's last film, I guess I should have known what to expect.

I'm assuming you know the basic plot: in the future, some humans have pre-cognitive ability and can see murders before they happen. These poor individuals (note that Spielberg presumably things he's being clever by altering their names from the common Donna, Jerry and Mike) are used by the police to prevent murders from happening. One of these events involves the head of the group murdering someone he has never heard of. He runs, and tries to find out who has set him up and how. That sums up the similarity between the story and the film.

THE PLAYERS:
The movie shifts the players around, which means that new motives have to be found for them. Cruise's kidnapped son is a thread that never appears in the book. I guess Spielberg added it to make us feel sympathetic, but it doesn't work. The acting, where it even exists, is bland at best. The villain in the story does not appear in the film, so Spielberg shifts characters around again to obtain a new villain.

THE ACTION/SPECIAL EFFECTS:
There are some interesting, though well worn, special effects. The highways were neat, as was the fact that one can "dock" your car to the outside of your apartment at the top of a high-rise. But most of these have been seen, in one form or another, in other movies.

The computer screens are cool, but wholly impractical. They are transparent plastic or glass. Perhaps they would work, but I for one would find them so distracting - you'd see people making faces at you behind your monitor.

In all this new-technology, shopping malls remain remain the same. In fact, the technology in Ridley Scott's "Blade-Runner" is far more convincing.

THE PLOT:
One of my biggest gripes is why call the film "Minority Report" at all? The Minority Report hardly appears in the movie, and when it does, it's rapidly brushed over. It is one of the main structural elements of the short-story - more than that, it's the key. In the film, it's nothing.

Various threads in the plot are left with no place to go - one frequently pointed out is that Cruise had previously put-away the man who performs his eye-surgery, a fact we learn as Cruise is being anesthetized (God, how I would love that job!).

THE ENDING:
Why, why, why, why, does Hollywood have to put a happy ending on things? They did this with Insomnia (a reasonably good movie) where the the character played by Pacino is redeemed in the end by dying (a predictable event). The Norwegian original (which I saw just after) has a far more ambiguous ending. Similarly here, the story ends with a very different fate for the characters than the film, in fact a different fate for the whole pre-cog unit.

Two frightening aspects of the movie (apart from the fact that it has Cruise in it) are

  1. the continual surveillance, which even the big commercial operations use to tailor their adverts to you. There would be no peace walking into a department store as each advert would scream at you, calling you by name. Although an interesting idea, a little thought shows it would not likely work.
  2. The fact that, unlike the story, the pre-cogs in the movie are thinking, rational, intelligent human beings. It's frightening to see what people will do to others in the name of power and control.
On the whole, not worth it. Cameron or Scott would have done a far better job at creating the off-balance feeling that many of Dick's stories have. Which brings me to the one highlight of the evening. The tantalizingly short preview of Cameron's version of "Solaris". That could be something worth seeing, though how he will reduce the tome to a length that American movie-goers will accept (particularly given the intellectual nature of the book) I don't know.

posted by Steven Baum 7/1/2002 12:27:16 PM |
link

POTATO SALAD BLUES
Seeing how a holiday intimately associated with such things is just around the corner, I'm going to learn y'all how to make potato salad that doesn't have the taste and texture of glue, and is healthier to boot. "What?!?", you gasp, "Can this be? Healthy and tasty potato salad?" Yep, and it's not all that hard to make, either.
  • Start with Yukon Gold taters. There's really no commercially available acceptable substitute with similar density and flavor.
  • Fill a big pot with water, salt it, slice up about four pounds of the Golds, put 'em in the pot, and turn on the heat. The latest issue of Cook's Illustrated tells how to do this to best culinary effect. They tested all combinations and found that it's best to slice the spuds before you cook them. If you slice them to uniform thickness then they'll all take the same amount of time to cook, and you won't end up with really mushy smaller spuds and non-quite-cooked larger spuds. So slice them to uniform thickness and then slice them into smaller pieces to suit your aesthetic tastes. They also found that sliced spuds can be salted while cooking, so put about two tablespoons of salt (preferably kosher or sea salt) in the water. It doesn't matter whether you put the potatoes in cold water and turn on the heat, or put them in boiling water. The latter will cook them faster, but there will be no difference in the cooked spuds. Either way, they'll be finished when a knife can be easily poked through the slices. Also, leave on the skins. They taste and look good in the finished product. (A fun and tasty variation here is to grill the spud slices with a bit of oil rather than boil them.)
  • As soon as you've ascertained that the spuds are cooked, dump them in a collander and run some cold water over them to stop them from cooking further. Reserve a cup of the cooking water for the dressing.
  • Make a dijon mustard-based vinaigrette dressing. This can be done in an infinity of ways, but the basics are dijon mustard, vinegar (preferably white wine), oil (preferably olive), some of the reserved potato water, a bit of sugar, and various spices. The quantities given can be varied a bit according to taste, and you don't need to put all that you make on the potatoes, so don't fret the details all that much.
  • Dissolve about a teaspoon of sugar in 2 or 3 tablespoons of the vinegar. Use a whisk, since you'll need it for the next step anyway.
  • Whisk gradually into this around 4 tablespoons of oil to create an emulsion.
  • Blend a quarter cup, more or less, of the potato water into the mixture.
  • Blend, to taste (i.e. depending on how much you like such things), a quarter to half cup of chopped scallions or shallots into the mixture. Or, if you prefer a stronger onion taste, use a similar amount of onion.
  • Taste the mixture to see if you like it, and then drizzle it over the sliced and cooked potatoes, which you've laid out on a cookie or similarly large, flat sheet. If you don't like the mixture, then monkey around with it until you do, and then pour it on. Use your hands to lightly toss the spuds to ensure coverage. You may not need all of the mixture to coat the spuds. If so, then save some for another use.
  • Put the coated potato slices into a large mixing bowl. You'll want one big enough to hold the spuds and give you enough extra room to toss them gently without flinging them all over the room.
  • Season to taste. This is another part where you'll want to riff off of a basic prescription. Some combination of a total of 3 to 4 (or more if you prefer) tablespoons of fresh basil, tarragon, parsely, chervil, chives, etc. is the usual prescription. You can also used the dried stuff, although it'll probably take a larger amount to achieve the same flavor level. Mix the spices together, and go to the next step.
  • This is the fun part where you get to mix all sorts (or none if you prefer) of extra goodies with the potatoes. Some suggestions include diced black olives, chopped small pickles, hard-boiled eggs, anise/fennel (although only if you like a licorice flavor, which me and the Unindicted Co-Conspirator found we didn't), chopped celery, tomatoes (perhaps the sun-dried type in oil), capers, roasted peppers, etc. Basically anything that tends to make you salivate rather than get queasy might be a candidate for inclusion.
  • Mix the seasonings with the extra goodies, and incorporate them into the potatoes via gently tossing them in with your hands or a soft spatula.
  • Eat it now, or refrigerate and eat it later. The flavors will mix a bit more if you leave it in the frig overnight, although it tastes pretty damned good fresh, too.
This recipe is generically called French potato salad, although if that offends you go ahead and call it something else or jab little American flags in to ward off the evil Euro mojo. If you still can't get around that, then go buy a couple of pounds of the library paste you deserve down at the superdupermart. Or, if it's just this recipe that doesn't turn your crank, then try another of the hundreds available.

This will go well with the smoked brisket, salmon, chicken and other goodies I'm making as I slowly empty a bottle of Bombay Sapphire on Thursday. I don't do much hard liquor any more, but I've got a special fondness for gin and tonics made with the best on the 4th. Enjoy the day off, and don't become your own terrorist by blowing your fingers off or burning your town down with fireworks.
posted by Steven Baum 7/1/2002 11:25:28 AM | link


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