ataxiwardance

comedycentral:

Colbert at the TIME 100

Of course, all of us should be honored to be listed on the TIME 100 alongside the two men who will be slugging it out in the fall:  President Obama, and the man who would defeat him, David Koch.

Give it up everybody.  David Koch.

Little known fact — David, nice to see you again, sir.

Little known fact, David’s brother Charles Koch is actually even more influential.  Charles pledged $40 million to defeat President Obama, David only $20 million.  That’s kind of cheap, Dave.

Sure, he’s all for buying the elections, but when the bill for democracy comes up, Dave’s always in the men’s room.  I’m sorry, I must have left Wisconsin in my other coat.

I was particularly excited to meet David Koch earlier tonight because I have a Super PAC, Colbert Super PAC, and I am — thank you, thank you — and I am happy to announce Mr. Koch has pledged $5 million to my Super PAC.  And the great thing is, thanks to federal election law, there’s no way for you to ever know whether that’s a joke.

By the way, if David Koch likes his waiter tonight, he will be your next congressman.

Colbert went totally Colbert on his fellow TIME 100 honorees the other night. Read the full speech here. You’ll be glad you did.

Jon Stewart / Stephen Colbert - still the most insightful mainstream political analysis on basic cable. 

Bitter the jest when satire comes too near truth and leaves a sharp sting behind it” - Tacitus.

Whistleblower says BofA defrauded HAMP

While working at Urban Lending, Mackler said he saw BofA and its loan servicing subsidiary, BAC Homes Loans Servicing LP, implement “business practices designed to intentionally prevent scores of eligible homeowners from becoming eligible or staying eligible for permanent HAMP modification.”

The bank and its agents routinely pretended to have lost homeowners’ documents, failed to credit payments during trial modifications and intentionally misled homeowners about their eligibility for the program, the complaint alleged.

BoA let through just enough HAMP modifications to avert suspicion and allay congressional critics, while not enough to incur any substantial losses to its own bottom line, according to the complaint.

“In other words, BoA has had it both ways. BoA has continued to maximize the value of its mortgage portfolio with anti-HAMP modification practices and managed to make money by committing fraud on homeowner,” the lawsuit said.

Michigan’s Hostile Takeover

(Mother Jones) —By Paul Abowd | Wed Feb. 15, 2012 3:00 AM PST

“We haven’t seen anything this severe anywhere else in the country,” says Charles Monaco, a spokesman for the Progressive States Network, a New York-based advocacy group. “There’s been nothing in other states where a budget measure overturns the democratic vote.” Williams says emergency managers are able to enact draconian policies that would cost most city officials their jobs: “They couldn’t get elected if they tried.”

…
With an indefinite term and a city salary of $150,000, Schimmel doesn’t answer to anyone but the governor, at whose pleasure he serves. The city council can no longer make decisions but still calls meetings, which are routinely packed with angry residents. Asked by radio station WJR if the emergency-manager law hands power over to a “dictator,” Schimmel sighed, “I guess I’m the tyrant in Pontiac, then, if that’s the way it is.”
…
Pontiac is not Schimmel’s first clean-up job. In 2000, he was named the emergency manager of Hamtramck, where he served for six years. In 1986, a judge appointed him to oversee Ecorse’s finances after the city landed in state receivership; he stepped in and privatized city services. Today, the city is back in debt, and back under state management. Schimmel concedes that the privatization strategy can backfire, but he blames inept local government. “If you don’t have an overseer of the contractor, privatization can be much more expensive than in-house services,” he explains.

India Factory Workers Revolt, Kill Company President

Forbes, 1/27/2012 @ 3:08PM

Workers at the Regency Ceramics factory in India raided the home of their boss, and beat him senseless with led pipes after a wage dispute turned ugly.

The workers were enraged enough to kill Regency’s president K. C. Chandrashekhar after their union leader, M. Murali Mohan, was killed by baton-wielding riot police on Thursday. The labor violence occurred in Yanam, a small city in Andra Pradesh state on India’s east coast. Police were called to the factory by management to quell a labor dispute. The workers had been calling for higher pay and reinstatement of previously laid off workers since October. Murali was fired a few hours after the police left the factory.

The next morning, at 06:00 on Friday, Murali went to the factory along with some workers and tried to obstruct the morning shift, local media reported. Long batons, known as lathis in India, were used by police who charged the workers, injuring at least 20 of them, including Murali. He died on the way to hospital, according to The Times of India. Hundreds of workers gathered outside the police station and demanded that officers be charged with homicide.

Curfew and other civil orders were imposed in Yanam because of the uprising that ultimately led to the murder of the Regency president. Police reported that rioters also torched several vehicles outside the police station. Eight Regency Ceramics workers were injured in police firing that followed; the condition of two of them is critical. More than 100 protesters have been arrested.

India factory workers are the lowest paid within the big four emerging markets. Per capita income in India is under $4,000 a year, making it the poorest country in the BRICs despite its relatively booming economy.

Did you know that some estimates put the number of Indian Naxalite-Maoist Communists as over 1,000,000. They are currently heavily concentrated in the impoverished Red Corrider and have, until recently, largely been a jungle / non-urban movement.

stellikerk:

The Real Art of Street Art

glitchthemachine:

WarBucks

whiskeysoaked:

Scott Campbell