Archive for the 'Current Affairs' Category
Link for this Post: Mishaps mark John McCain's record as naval aviator Three crashes early in his career led Navy officials to question or fault his judgment By Ralph Vartabedian and Richard A. Serrano, Los Angeles Times
According to the authors of this feature story in todays LA times, Here is an excerpt from the story:
McCain recounted the accident decades later in his autobiography. "The engine quit while I was practicing landings," he wrote. But an investigation board at the Naval Aviation Safety Center found no evidence of engine failure.
The 23-year-old junior lieutenant wasn't paying attention and erred in using "a power setting too low to maintain level flight in a turn," investigators concluded.
The crash was one of three early in McCain's aviation career in which his flying skills and judgment were faulted or questioned by Navy officials.
In his most serious lapse, McCain was "clowning" around in a Skyraider over southern Spain about December 1961 and flew into electrical wires, causing a blackout, according to McCain's own account as well as those of naval officers and enlistees aboard the carrier Intrepid. In another incident, in 1965, McCain crashed a T-2 trainer jet in Virginia.
After McCain was sent to Vietnam, his plane was destroyed in an explosion on the deck of an aircraft carrier in 1967. Three months later, he was shot down during a bombing mission over Hanoi and taken prisoner. He was not faulted in either of those cases and was later lauded for his heroism as a prisoner of war.
Read the entire story at the link at the top of this post.
Photo via LA Times: This photo provided by the Library of Congress shows John McCain, front right, with his squadron in 1965.
As a presidential candidate, McCain has cited his military service -- particularly his 5 1/2 years as a POW. But he has been less forthcoming about his mistakes in the cockpit.
Link for this Post: Arizonans recall run-ins with McCain Opinions about temper depend on who's talking By ALAN MAIMON Review-Journal
Everyone has heard stories about current Presidential Candidate John McCain's temper. This article in my hometown newspaper adds more fodder to the McCain temper folder. Here is a short excerpt:
From environmental activists to former high-ranking Republican officials in his home state, a diverse group of Arizonans have vivid memories of heated skirmishes with the Republican presidential candidate.
The flare-ups started in the late 1980s, around the time that McCain and four other senators were under investigation for improper relationships with Charles Keating Jr., an Arizonan who oversaw a failed savings and loan institution.
As the Keating Five scandal played out in national headlines, McCain, on a much smaller stage, fought for what eventually became the world's largest optical telescope.
But for years, work on the Mount Graham International Observatory was delayed over concerns -- many later proved legitimate -- that the project could jeopardize a species of red squirrel and encroach upon land considered sacred by American Indian tribes.
The Government Accountability Office, the nonpartisan investigative arm of Congress, was called on by McCain and Sen. Dennis DeConcini, an Arizona Democrat, to study the project.
In an interview with the Review-Journal, former GAO manager Joe Gibbons said McCain proceeded to interfere with the agency's work, "going bananas" and "steamrolling the GAO" to get his way.
McCain had already shown a willingness to throw his weight around, according to some involved in the Mount Graham project.
At one point, he targeted Jim Abbott, a U.S. Forest Service supervisor he blamed for slowing progress on the observatory.
McCain was alleged at the time to have told Abbott that he would be "the shortest-tenured forest supervisor in the history of the Forest Service" if he didn't help the project move forward.
Federal law prohibits threats that obstruct or impede the work of federal employees.
Read the entire article via the link at the top of this post.
Links for this Post:
KEATING ECONOMICS: John McCain & The Making of a Financial Crisis Website Additional Information
Download the Keating Economics Documentary as a high quality .mov file (playing time 17 minutes)
Keating Economics: John McCain and a Financial Crisis on YouTube (embedded below)
Here are some excerpts from the Keating Economics website:
The current economic crisis demands that we understand John McCain's attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than his central role in the savings and loan scandal of the late '80s and early '90s.
John McCain was accused of improperly aiding his political patron, Charles Keating, chairman of the Lincoln Savings and Loan Association.
Learn about a part of history that some wish we could just forget. Keating Economics: the Making of a Financial Crisis is a new in depth documentary exploring the causes and people involved in the Keating Five Scandal.
In addition to the 17 minute mini-documentary, the site features a wealth of research and links to websites with more resources.
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thanks Ardele!
My friend Ramon Sender sent me this YouTube Video which is part of a series of non-partisan spots created by DiCaprios Appian Way production group. Here is what is written about it on YouTube:
Whitaker have created public service announcements to encourage American youth to register to vote. The non-partisan PSAs, produced by DiCaprios Appian Way, were created to engage and inspire young people to register and vote and participate in the upcoming election. Celebrities appearing in the PSAs include: Amy Adams, will.i.am, Jennifer Aniston, Kevin Bacon, Halle Berry, Kate Bosworth, Kevin Connolly, Courteney Cox, Ellen DeGeneres, Leonardo DiCaprio, Jamie Foxx, Jonah Hill, Dustin Hoffman, Anthony Kiedis, Ashton Kutcher, Adam Levine, Laura Linney, Eva Longoria, Tobey Maguire, Demi Moore, Natalie Portman, Giovanni Ribisi, Ethan Suplee, Kyra Sedgwick, Michelle Trachtenberg, Usher, and Forest Whitake
So remember to tell 5 friends, DON'T VOTE!!
photo: John Marshall Mantel for The New York Times
Last Friday, HSBC decided not to move its American headquarters to 7 World Trade Center, center, after bids for its existing home on Fifth Avenue came in 30 percent lower than it wanted.
{whew!}
via NYTimes:
Failed Deals Replace Boom in New York Real Estate
By CHARLES V. BAGLI
Published: September 30, 2008After seven years of nonstop construction, skyrocketing rents and sales prices, and a seemingly endless appetite for luxury housing that transformed gritty and glamorous neighborhoods alike, the credit crisis and the turmoil on Wall Street are bringing New York’s real estate boom to an end.
Developers are complaining that lenders are now refusing to finance projects that were all but certain months or even weeks ago. Landlords bewail their inability to refinance skyscrapers with blue-chip tenants. And corporations are afraid to relocate within Manhattan for fear of making the wrong move if rents fall or a flagging economy forces layoffs.
“Lenders are now taking a very hard look at each particular project to assess its viability in the context of a softening of demand,” said Scott A. Singer, executive vice president of Singer & Bassuk, a real estate finance and brokerage firm. “There’s no question that there’ll be a significant slowdown in new construction starts, immediately.”
Examples of aborted deals and troubled developments abound. Last Friday, HSBC, the big Hong Kong-based bank, quietly tore up an agreement to move its American headquarters to 7 World Trade Center after bids for its existing home at 452 Fifth Avenue, between 39th and 40th Streets, came in 30 percent lower than the $600 million it wanted for the property.
A 40-story office tower under construction by SJP Properties at 42nd Street and Eighth Avenue for the past 18 months still does not have a tenant.
And the law firm of Orrick, Herrington & Sutcliffe last week suddenly pulled out of what had been an all-but-certain lease of 300,000 square feet of space at Citigroup Center, deciding instead to extend its lease at 666 Fifth Avenue for five years, in part because they hope rents will fall.
“Everything’s frozen in place,” said Steven Spinola, president of the Real Estate Board of New York, the industry’s lobbying association, shortly after the stock market closed on Monday.
Exit Art announces major new exhibition chronicling over forty years of political
graphics, media and social protest movements:SIGNS OF CHANGE
Social Movement Cultures 1960s to Now
Curated by Dara Greenwald and Josh MacPhee
Inaugurating Exit Art’s Curatorial Incubator Program
Curatorial Incubator Director: Mary Anne Staniszewski
September 20 – November 22, 2008January 23 – March 8, 2009
Miller Gallery at Carnegie Mellon University, Pittsburgh, PA
In Signs of Change: Social Movement Cultures 1960s to Now, hundreds of posters, photographs, moving images, audio clips, and ephemera bring to life over forty years of activism, political protest, and campaigns for social justice. Curated by Dara Greenwald and Josh MacPhee as part of Exit Art's Curatorial Incubator, this important and timely exhibition surveys the creative work of dozens of international social movements.
Organized thematically, the exhibition presents the creative outpourings of social movements, such as those for Civil Rights and Black Power in the United States; democracy in China; anti-apartheid in Africa; squatting in Europe; environmental activism and women's rights internationally; and the global AIDS crisis, as well as uprisings and protests, such as those for indigenous control of lands; against airport construction in Japan; and student and worker revolution in France. The exhibition also explores the development of powerful counter-cultures that evolve beyond traditional politics and create distinct aesthetics, life-styles, and social organization.
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Although histories of political groups and counter-cultures have been written, and political and activist shows have been held, this exhibition is a groundbreaking attempt to chronicle the artistic and cultural production of these movements. Signs of Change offers a chance to see relatively unknown or rarely seen works, and is intended to not only provide a historical framework for contemporary activism, but also to serve as an inspiration for the present and the future.During the exhibition, there will be ongoing screenprinting workshops with guest artists and activists in collaboration with the Lower East Side Printshop as well as the following programs and events. [click to view]
COUNTRIES REPRESENTED
Argentina, Australia, Austria, Bosnia, Brazil, Myanmar (formerly Burma), Canada, Chile, China, Colombia, Croatia, Czech Republic (formerly Czechoslovakia), Denmark, El Salvador, France, Germany, Greece, Indonesia, Iran, Israel, Italy, Japan, Mexico, Mozambique, Northern Ireland, Netherlands, Nicaragua, Palestine, Poland, Portugal, Puerto Rico, Romania, Serbia, Slovenia, South Africa, South Korea, Spain, Switzerland, United Kingdom, United States and others.WEEKLY SCREENING SERIES
(schedule and program is subject to change)
Tuesday, Wednesday, Thursday at 3:30pm
Friday and Saturday at 5:30pm
Link for this Post: The 3 A.M. Call By Paul Krugman Op-Ed in the New York Times
This article was written BEFORE THE BAILOUT FAILED but still has some good stuff worth thinking about. It begins:
It’s 3 a.m., a few months into 2009, and the phone in the White House rings. Several big hedge funds are about to fail, says the voice on the line, and there’s likely to be chaos when the market opens. Whom do you trust to take that call?
I’m not being melodramatic. The bailout plan released yesterday is a lot better than the proposal Henry Paulson first put out — sufficiently so to be worth passing. But it’s not what you’d actually call a good plan, and it won’t end the crisis. The odds are that the next president will have to deal with some major financial emergencies.
So what do we know about the readiness of the two men most likely to end up taking that call? Well, Barack Obama seems well informed and sensible about matters economic and financial. John McCain, on the other hand, scares me.
Read the rest via the link at the top of this post.



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