Author: KcM

Life…But Not as We Know It.

“Our findings are a reminder that life as we know it could be much more flexible than we generally assume or can imagine,” Felisa Wolfe-Simon, an astrobiology researcher at the U.S. Geological Survey, said.“

Whoa. NASA announces it has discovered a strange new bacteria in California’s Mono Lake that use arsenic instead of phosphorus, previously considered indispensable to life. “It gets in there and sort of gums up the works of our biochemical machinery,’ ASU’s Ariel Anbar, a co-author of the Science paper, explained.

Big doings? Definitely — The existence of these viable microbes suggests new biochemical possibilities for life on distant (or even not-so-distant) planets. But Discover‘s Ed Yong advises caution: “The discovery is amazing, but it’s easy to go overboard with it…For a start, the bacteria – a strain known as GFAJ-1 – don’t depend on arsenic. They still contain detectable levels of phosphorus in their molecules and they actually grow better on phosphorus if given the chance. It’s just that they might be able to do without this typically essential element – an extreme and impressive ability in itself.“

Update: “As soon as Redfield started to read the paper, she was shocked. ‘I was outraged at how bad the science was,’ she told me.” Hold the champagne: Slate‘s Carl Zimmer surveys the scientific pushback, and it is considerable. “‘[N]one of the arguments are very convincing on their own.’ That was about as positive as the critics could get. ‘This paper should not have been published,’ said Shelley Copley of the University of Colorado.”

My God, It’s Full of Stars.

“We may have to abandon this notion of using the Milky Way as a template for the rest of the universe,” Dr. van Dokkum said. If the findings are correct, an undercount of dwarfs would mean astronomers have underestimated the masses of galaxies, and that would mean that galaxies developed earlier and faster than currently thought.“

Another big happening on the astrobiology front. As first seen at Dangerous Meta, a joint Harvard-Yale study published in Nature finds that our universe may have three times as many stars as we thought. “That suggests a universe of roughly 100 sextillion stars, with an approximate margin of error of about 10 times fewer or 10 times more.“

This Field’s On Fire.


“‘On behalf of millions of people living in the Middle East, thank you,’ Qatar bid chair Sheikh Mohammad bin Hamad Al-Thani said. ‘Thank you for believing in us, thank you for having such bold vision…Thank you also for acknowledging this is the right time for the Middle East. We have a date with history which is summer 2022.’“

Um….ok. FIFA picks the next two World Cup hosts after Rio: Russia 2018 and Qatar 2022. (Pro-tip: Remember to apply for a booze permit for the latter.) “Qatar, which has never even qualified for a World Cup, used its 30-minute presentation to underline how the tournament could unify a region ravaged by conflict.” Y’know, perhaps they’ll both make for great Cups. But if FIFA was trying to get out from under the recent bribery allegations, I don’t think I would’ve chosen these two particular nations.

The Wheedle and the Damage Done.

“The Fed accepted a total of $1.31 trillion in junk-rated collateral between Sept. 15, 2008 and May 12, 2009 through the Primary Dealer Credit Facility. TARP was nothing compared to this.” (Also, $500 billion of that junk was rated CCC or below, which — given the rampant grade inflation going on at all the rating agencies — means it was really garbage.)

So, yeah, Wikileaks isn’t the only document dump in town this week. As mandated by the Dodd-Frank Act (after much pushing from below), the Federal Reserve today released information about some of its dealings from December 2007 to July 2010. And, while folks are just now delving into the intel, it already seems that some of the bodies buried during the financial crisis are now floating to the surface: “A quick analysis…indicates that Citigroup was the greatest beneficiary, drawing on a total of $1.8 trillion in loans, followed by Merrill Lynch, which used $1.5 trillion; Morgan Stanley, which drew $1.4 trillion; and Bear Stearns, which used $960 billion.“

In very related news, former Alan Grayson staffer (and a Hill friend of mine) Matthew Stoller lays out a compelling case for a harder stance against the Fed from the Left from now on. Some brief excerpts:

“It is good that this debate is happening. It means that we will be able to examine the real power structure of the American order, rather than the minor food fights allowable in our current political system. This will bring deep disagreements, profound ones, but also remarkable possibility. Modern American industrial policy is to push capital into housing, move manufacturing abroad, build a massive defense establishment, and maintain an oligarchic financial sector. This system isn’t a structural inevitability. People built it, and people are unbuilding it…

Like most American institutions, the Fed has shrouded itself in myth, with self-serving officials discussing the immaculate design of the central bank as untouchable, secretive, an autocratic and technocratic adult in the world of democratic children. But the Fed, and specifically the people who run it, are responsible for declining wages, for de-industrialization, for bubbles, and for the systemic corruption of American capital markets.”


Also on this topic, it comes out today that Bank of America was given a break by the SEC on a securities fraud settlement “‘because of the nation’s perilous economic situation at the time’ and the fact that it had received billions of dollars in taxpayer aid, according to the report by the SEC’s inspector general…Specifically, during settlement negotiations, Bank of America won relief from sanctions that could have hurt its investment banking business.“

To tie this back to the top, according to Bloomberg’s Lizzie O’Leary, who’s also been parsing the new Fed data, “52% of the collateral Bank of America pledged to the #Fed’s PDCF was rated Ba/BB or lower, or didn’t have available ratings.” (And, let’s keep in mind, PDCF was only one of several emergency programs.)

So, in other words, the government kept banks like BoA alive by buying up trillions in toxic assets and looking askance at their illegal activity. They repaid us with record bonuses for themselves and an epidemic of foreclosure fraud — the “getaway car for the financial crisis,” as a friend well put it — that’s screwing over millions of American families. And in terms of fixing bad behavior on the Street, nothing changed whatsoever. Boy, that’s some deal.

Cackling into the Night.

“‘The idea is to use these fragments of cut scenes and use CGI to have The Joker appear one last time,’ a source explained. ‘Chris wants some continuity between movies and for the franchise to pay tribute to Heath and his portrayal of the Joker.‘”

Take for what it worth, but a New Zealand paper is reporting that Chris Nolan will give Heath Ledger’s Joker one final bow at some point in The Dark Knight Rises. “‘It would only be a fleeting moment in the movie and would only be included with the full consent of Heath’s family,’ the source added.” Perhaps an after-the-final-credits flourish? Update: Or not. “‘That’s all wrong,’ said the writer-director.“

TDW: Some Witches Found at Last.


“These are also times where all of us are called on to make some sacrifices. And I’m asking civil servants to do what they always do and play their part.” Ah, now we shall touch the bottom of this swamp!

So it seems the deficit witchhunt has found some folks who float like a duck in the form of civilian federal (i.e., non-military and non-congressional) workers. (Burn, witches!) And so, in the name of austerity and the New Bipartisanship, the President has announced a federal pay freeze for the next two years, and implored the tattered remnants of OFA to play along. (Sadly, this isn’t even the most ridiculous message OFA has sent out this month.)

Now, according to the normal, Keynesian (i.e., reality-based) understanding of economics, cutting pay for workers — yes, Virginia, even those lazy, self-entitled public-sector workers — is a regressive move during a bad economy: It further hurts purchasing power. This is one of the reasons why Dems opposed the idea a few months ago.

But, of course, sacrifices must be made to appease the Deficit Gods, and this move will save about $60 billion over ten years. So if the economy takes a minor hit, and if it pushes some of the more talented help out of the government and into, say, government-contracting (where Uncle Sam will then pay out considerably more for the same work), well, that’s just the cost of finally getting Serious about the deficit.

Besides, one might argue, this pay freeze is just basic fairness. As the president himself said, “Lower-skilled workers are slightly overpaid relative to the private sector. And that’s not surprising, because it’s a unionized workforce.” Those dastardly unions!

Oh, wait, did I mention — also as part of the New Bipartisanship — the president laid the groundwork for capitulating on the Dubya tax breaks for the wealthiest 2%? This executive folding — and, really, who could’ve seen this coming? — will cost us $700 billion over the next ten years — That’s over 11 times more than the money ostensibly saved.

So, if you’re doing the math at home, folks, that means, taken together: We’ve cut millions of workers’ pay in the midst of a fragile economy. We’ve once again reified dumb GOP talking points about Big Guvmint jobs. And we’ve added $640 billion to the deficit, theoretically the reason for doing all of this in the first place. But, hey, the president looks bipartisan, and at least we drowned us a few witches. So, there’s that.

Update: See also Krugman: “Yep, that’s exactly what we needed: a transparently cynical policy gesture, trivial in scale but misguided in direction, and in effect conceding that your bitter political opponents have the right idea.“

Update 2: And what are the fruits of the New Bipartisanship? Well, really, what did you expect? The fetal position fallacy strikes again.

Enemy of the State.


“‘To the extent there are gaps in our laws,’ Holder continued, ‘we will move to close those gaps, which is not to say…that anybody at this point, because of their citizenship or their residence, is not a target or a subject of an investigation that’s ongoing.“

After another embarrassing document dump by Wikileaks — this time diplomatic cables, next time Bank of America? — Attorney General Holder threatens the prosecution of Julian Assange, an Australian citizen — most likely under the Espionage Act, the same catch-all 1917 law used to lock up Eugene Debs back in the day.

First of all, Gawker‘s John Cook has already explained why this attempted line of prosecution doesn’t work. However docile the “nation’s watchdogs” remain on any other given day, the newspapers that published these leaks would have to be considered co-conspirators in any Espionage Act-related indictment. “We think its fairly obvious that the Department of Justice won’t go after the Times or any of the other papers involved in the story. But if it doesn’t, that’s just evidence that its attempt to use the Espionage Act to go after Assange isn’t about enforcing laws: It’s about retribution, harassment, and rattling sabers.“

Secondly, if Assange wants to avoid federal prosecution, perhaps he should just…I dunno…torture somebody? Or maybe rip off the American people for trillions of dollars? Or how ’bout just spying on Americans via warrantless wiretap? Apparently, disclosing those kinds of secrets is one of those look-forward-not-backward kinda things.

Let’s get real here. There’s no threat to our troops in these leaks — Even the Pentagon admits that. (A more overlooked problem, as a friend pointed out, is what this leak might mean for human rights workers.) Wikleaks’ methods are of the blunderbuss variety, yes. (That probably speaks in their favor: They don’t seem to tailor their leaks to suit a predetermined spin. They just dump data. And, hey, somebody should be doing the media’s job.) And, sure, Assange comes off as more than a bit pretentious, but what of it? If being a jackass were a crime, our prison system in this country would be completely broken…oh wait, it already is.

In the end, as Glenn Greenwald well put it, “our government and political culture is so far toward the extreme pole of excessive, improper secrecy that that is clearly the far more significant threat.” You’d think an administration that ran on unparalleled transparency in government might feel the same way. But, sadly, like its predecessor, the only crime this administration really seems to hate is whistleblowing.

The Clown and the Ringmaster.


“‘I am serious,’ Nielsen replies. ‘And don’t call me Shirley.’ The line was probably his most famous — and a perfect distillation of his career.” First dramatic, then comic actor Leslie Nielsen, 1926-2010. (See also Matt Zoller Seitz’s appreciation.)

“I’d say he was probably the most successful versatile director in Hollywood. He could do just about anything really well, from science fiction to cult thrillers to domestic dramas to westerns to romantic comedies.” To, of course, Star Wars films. Director Irvin Kershner, 1923-2010. (The great Kershner pic above via Quint at AICN.)

The World they Made.

“When historians look back to the moment when the post-Cold War reign of American power ended, they may well settle on 2010 as a crucial year. Everywhere, it seemed, there were signs that the long-predicted “rise of the rest” had finally occurred, whether in the newfound assertiveness of fast-growing China or the impatient diplomacy of new powers like Brazil and Turkey. Foreign Policy’s second annual list of the Top 100 Global Thinkers fully reflects that new world.“

As above, Foreign Policy has picked its Top 100 Global Thinkers of the year. And, while there are some really atrocious choices on here (for example, the man at #33, who much more deservingly made the list in the next entry too), the article is worth a perusing regardless. (FWIW, #65, #68, and #80 seem really iffy to me as well.)

Pundits, Heal Thyselves.

“The War Room Hack Thirty is a list of our least favorite political commentators, newspaper columnists and constant cable news presences, ranked roughly (but only roughly) in order of awfulness and then described rudely. Criteria for inclusion included writing the same column every week for 30 years, war-mongering, joyless repetition of conventional wisdom, and making bad puns.”

Another enjoyable and illuminating recent list: Salon‘s Alex Pareene chooses America’s thirty most hackadocious pundits. The sad thing is, not only is every entrant on this list more than deserving of the scorn they receive here, but Pareene could easily have knocked the list up to fifty pundits with absolutely no diminution in lack-of-quality.