Month: November 2008

"The right to marry whoever one wishes is an elementary human right compared to which ‘the right to attend an integrated school, the right to sit where one pleases on a bus, the right to go into any hotel or recreation area or place of amusement, regardless of one’s skin or color or race’ are minor indeed. Even political rights, like the right to vote, and nearly all other rights enumerated in the Constitution, are secondary to the inalienable human rights to ‘life, liberty and the pursuit of happiness’ proclaimed in the Declaration of Independence; and to this category the right to home and marriage unquestionably belongs," – Hannah Arendt, Dissent, 1959.

Jeremy Bearer-Friend and Daniel Redman write about transgender youths in red America:

Many would view the politically red heart of the country as a harsh, unwelcoming, and vaguely dangerous place for the transgender community. When we think of states like Nebraska and Wyoming, we don’t think of M.J. — we think of people like Brandon Teena and Matthew Shepard, both killed in vicious, nationally publicized hate crimes. But the truth of the matter is far more interesting, inspiring, and instructive. Away from the coasts and the urban havens, a vibrant transgender-rights movement is slowly emerging across the mountain and plains states. Through increased visibility, community building, legislative outreach, and face-to-face public education in churches, schools, and neighborhoods, trans people are building a foundation for equality in some of the nation’s most conservative regions.

If you haven’t read it already, Hanna Rosin’s article on transgender children is a small masterpiece.

Lauterbrunnen, Switzerland, 2.36 pm.

Michael Lewis recalls his time in finance:

To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall. The essential function of Wall Street is to allocate capital—to decide who should get it and who should not. Believe me when I tell you that I hadn’t the first clue.

I’d never taken an accounting course, never run a business, never even had savings of my own to manage. I stumbled into a job at Salomon Brothers in 1985 and stumbled out much richer three years later, and even though I wrote a book about the experience, the whole thing still strikes me as preposterous—which is one of the reasons the money was so easy to walk away from. I figured the situation was unsustainable. Sooner rather than later, someone was going to identify me, along with a lot of people more or less like me, as a fraud. Sooner rather than later, there would come a Great Reckoning when Wall Street would wake up and hundreds if not thousands of young people like me, who had no business making huge bets with other people’s money, would be expelled from finance.

(Hat tip: 3QD)

Packer has an e-mail exchange with foreign policy maven David Kilcullen. Here’s Kilcullen on the situation in Afghanistan:

It’s bad: violence is way up, Taliban influence has spread at the local level, and popular confidence in the government and the international community is waning fast. It’s still winnable, but only just, and to turn this thing around will take an extremely major effort starting with local-level governance, political strategy, giving the Afghan people a well-founded feeling of security, and dealing with the active sanctuary in Pakistan.

A normal U.S. government transition takes six to nine months, by the time new political appointees are confirmed, briefed, and in position. But nine months out from now will be the height of the Afghan fighting season, and less than a month out from critical Presidential elections in Afghanistan. If we do this the “normal” way, it will be too late for the Obama Administration to grip it up. I think this is shaping up to be one of the smoothest transitions on record, with the current Administration going out of its way to assist and facilitate. That said, the incoming Administration has a steep learning curve, and has inherited a dire situation—so whatever we do, it’s not going to be easy.

Jon Cohn says Chapter 11 bankruptcy might not be an option:

In order to seek so-called Chapter 11 status, a distressed company must find some way to operate while the bankruptcy court keeps creditors at bay. But GM can’t build cars without parts, and it can’t get parts without credit. Chapter 11 companies typically get that sort of credit from something called Debtor-in-Possession (DIP) loans. But the same Wall Street meltdown that has dragged down the economy and GM sales has also dried up the DIP money GM would need to operate.

That’s why many analysts and scholars believe GM would likely end up in Chapter 7 bankruptcy, which would entail total liquidation.

The company would close its doors, immediately throwing more than 100,000 people out of work. And, according to experts, the damage would spread quickly. Automobile parts suppliers in the United States rely disproportionately on GM’s business to stay afloat. If GM shut down, many if not all of the suppliers would soon follow. Without parts, Chrysler, Ford, and eventually foreign-owned factories in the United States would have to cease operations. From Toledo to Tuscaloosa, the nation’s assembly lines could go silent, sending a chill through their local economies as the idled workers stopped spending money.

(Hat tip: Drum)

Ronald Bailey exposes the food miles farce:

According to a 2000 study, agriculture was responsible for 7.7 percent of total U.S. greenhouse gas emissions. In that study, food transport accounted for 14 percent of the greenhouse gas emissions associated with agriculture, which means that food transport is responsible for about 1 percent of total U.S. greenhouse gas emissions.

Food miles advocates fail to grasp the simple idea that food should be grown where it is most economically advantageous to do so. Relevant advantages consist of various combinations of soil, climate, labor, capital, and other factors. It is possible to grow bananas in Iceland, but Costa Rica really has the better climate for that activity. Transporting food is just one relatively small cost of providing modern consumers with their daily bread, meat, cheese, and veggies. Desrochers and Shimizu argue that concentrating agricultural production in the most favorable regions is the best way to minimize human impacts on the environment.

The Republicans have lost vast numbers of the educated – and those who prize education – and the successful:

Republicans have lost an enormous amount of support among upscale voters, basically just breaking even among those with household incomes above $50,000 a year, a traditional GOP stronghold. Similarly, McCain’s losing to Obama among college graduates and voters who have attended some college underscores how much the GOP franchise is in trouble. My hunch is that the Republican Party’s focus on social, cultural, and religious issues — most notably, fights over embryonic-stem-cell research and Terri Schiavo — cost its candidates dearly among upscale voters.

An Indian farmer checks a field of sunflowers during the ‘Krishi Mela’ 2008 – Agriculture Fair – at the University of Agricultural Sciences(UAS) campus in Bangalore on November 14, 2008. The Krishi Mela aims to update agriculturists about the latest developments in their fields and to improve methods of cultivation. Thousands of farmers visit this fair in order to gather information on enhancing productivity in their farming with new improved technology. By Dibyangshu Sarkar/AFP/Getty Images.

That’s what Gawker founder Nick Denton suggests for media:

Get out of categories such as politics to which advertisers are averse. That’s easier for us to say since we spun off Wonkette earlier this year. And outfits such as the Huffington Post and most big-city newspapers—defined by their political coverage—will have difficulty redefining themselves. But media groups cannot afford in the current environment to fund their most noble missions; they should leave that to public-spirited non-profits such as Pro Publica.

(Hat tip: Carr)