Wednesday, July 31, 2002
Senate Majority Leader Tom Daschle quietly slipped into a spending bill language exempting his home state of South Dakota from environmental regulations and lawsuits, in order to allow logging in an effort to prevent forest fires.The area to be logged is called Beaver Park.
She will have reunions of sorts with her famous kitchen in the next few weeks. One of its Peg-Board walls was dismantled and reinstalled at COPIA; the rest went to Washington, D.C., and the Behring Center of the Smithsonian Institution's National Museum of American History. Hersh recalls the museum staff's approach to preserving the famous kitchen as awesome: They cataloged and photographed everything, from stove to windows, blinds to drawer contents. As reinstalled in Washington, the kitchen should be as we all remember it from countless TV shows, "right down to the toothpicks."The article also mentions that she's writing a memoir of her and Paul's career in the "diplomatic service."
8/1: OK, I take it back. I must have been in a particularly vicious mood yesterday. The mere mention of COPIA darkened my vision with rage. And the element of self-congratulation that goes with the celebrification of Julia and, especially, Alice Waters, is irritating, at least if you have to live in Berkeley. Not to mention Mondavi's profound love of himself, in which, at least, he is alone. On reflection, however, it is actually a great idea to put that kitchen in the Smithsonian, which, when I visited last year, was surprisingly boring. There was a big display about nylon as I recall. But I would have to say that Julia Child is more important to me than synthetic fibers.
Tuesday, July 30, 2002
I realize that this kind of news is becoming boring, so I'll refrain from rehashing the latest Qwest and E.D.S. violations. Just remember that you're still getting fucked, daily.
Monday, July 29, 2002

32 MB, so don't click on it unless you mean it. Do not click on this under the influence of narcotics or other mood-altering drugs. Cf. mappa mundi, now defunct.
Friday, July 26, 2002
Thursday, July 25, 2002
Wednesday, July 24, 2002
Harvey L. Pitt, who barely goes a week without new calls for him to step down as chairman of the Securities and Exchange Commission because of his handling of the crisis in the markets, is asking Congress for a raise and more respect. Congressional aides and commission officials said today that in private discussions this week, Mr. Pitt had asked lawmakers to add a provision to the corporate and accounting bill moving swiftly through Congress that would elevate his office to the same rank as cabinet posts like secretary of state and attorney general.... Democrats and Republican critics of Mr. Pitt snickered at the proposal, which they said had no chance of passage and demonstrated Mr. Pitt's political tin ear.But let's not forget the other self-righteous douchebag who started this.
Mr. Waxman sounded as if he had faced the frustration that Manhattan is not Berkeley, let alone Barcelona, with its dazzling Boqueria central market. And he was not dealing well with California withdrawal: life in this climate, with its short and unreliable growing season, would stymie even Alice Waters. "We do as much from the Greenmarket as we possibly can," he said, but it has not been easy. "I feel terrible for everybody," he said, "but the corn looks terrible, the gooseberries don't have any flavor." "I'm adamant about buying local," he continued, "but there are obviously some blanks that need to be filled in."
Tuesday, July 23, 2002
The GAAP numbers also were included in the press releases, although usually they were less prominently displayed. So why did everybody focus on the pro forma earnings? Because we wanted to. It was a mass delusion in which everybody willingly participated. That's why this issue is getting relatively little attention these days, despite all the focus on reform. With pro forma, there is no convenient villain to blame. The pro forma phenomenon is simply embarrassing for all concerned -- which is just about everybody. (Federal Reserve Chairman Alan Greenspan made the point Tuesday during his testimony before a Senate panel, when he was asked about the recent accounting scandals. "Remember, it's not as though everybody should be shocked by this," he said. "I mean, we had these pro forma statements for months and quarters back when the market was roaring away, and it was the most imaginative accounting I have ever seen.... Everybody knew that was going on.")Update 7/24: Business 2.0 had a timely article explaining how this works back in February... 2002. Thanks for the tip. How can they still be in business?
Monday, July 22, 2002
Friday, July 19, 2002
Under the 10-year program, taxpayers will pay farmers $4 billion a year to grow ever more corn, this despite the fact that we struggle to get rid of the surplus the plant already produces. The average bushel of corn (56 pounds) sells for about $2 today; it costs farmers more than $3 to grow it.In case you didn't read the whole Farm Bill I mentioned the other day.
Thursday, July 18, 2002
Bush had made not just one but four Harken stock transactions worth more than $1 million between the time he joined the board of Harken and the beginning of the SEC probe. And each time he was at least three and a half months late filing the legal required report to the SEC.Thanks to Kristina. Too bad Salon's going down. Not that I'd pay them, mind you.
Wednesday, July 17, 2002
A high-profile study released this May by the National Institute for Health Care Management, a group partially funded by Blue Cross Blue Shield, roundly accuses Big Pharma of failing to perform the innovation that would justify its massive profits. According to the study, from 1989 to 2000, the FDA approved 1,035 new drug applications, of which only 35 percent contained new active ingredients, and only 24 percent were given "priority review" status by the FDA, an indication that they constituted significant improvements over previously existing medications. Instead, the study concluded, the industry has focused on cranking out "me-too" drugs that offered only minor improvements on what was already available. The study also concluded that Americans were spending more than ever on new drugs, even on those that weren't terribly innovative.Brain Candy is the most realistic movie of the past 20 years.
Tuesday, July 16, 2002
The professor looked down at his new young lover, who rested fitfully, lashed as she was with duct tape to the side of his stolen hovercraft, her head lolling gently in the breeze, and as they soared over the buildings of downtown St. Paul to his secret lair he mused that she was much like a sweet ripe juicy peach, except for her not being a fuzzy three-inch sphere produced by a tree with pink blossoms and that she had internal organs and could talk.
Since the start of the economic collapse in December, the Argentine economy has shrunk by more than 16 percent, and more than half the country's 37 million people are now living in poverty. In an effort to speed up an accord with the I.M.F., which would reopen other lines of credit, the government here recently agreed to work with a so-called "council of wise men" designated by the fund.A little background, from LBO.
The University of Texas, though a state institution, has a large endowment. As governor, Mr. Bush changed the rules governing that endowment, eliminating the requirements to disclose "all details concerning the investments made and income realized," and to have "a well-recognized performance measurement service" assess investment results. That is, government officials no longer had to tell the public what they were doing with public money, or allow an independent performance assessment. Then Mr. Bush "privatized" (his term) $9 billion in university assets, transferring them to a nonprofit corporation known as Utimco that could make investment decisions behind closed doors. In effect, the money was put under the control of Utimco's chairman: Tom Hicks. Under his direction, at least $450 million was invested in private funds managed by Mr. Hicks's business associates and major Republican Party donors.The shit is starting to hit the fan.
Monday, July 15, 2002
Friday, July 12, 2002
The National Review attempts to explain it away.
Thursday, July 11, 2002
A long-awaited federal report on trans fat, a processed fat pervasive in cookies, crackers and fast food, finds there is no safe level and recommends that people eat as little of it as possible.I wonder what we are going to do with all that corn?
A generation ago, when cardiologists waved Americans off saturated fats such as butter and beef tallow, partially hydrogenated oils became a preferred alternative. But during the late 1990s, researchers started to discover that trans fat could clog arteries as readily as saturated fat.This is the best part. Don't eat food -- it might be bad for you.Wednesday's study reported that since trans fat occurs in so many types of food, including dairy products and meats, an all-out ban would be impractical and could lead to other nutritional problems. Instead, the study says trans fat consumption should be "as low as possible while consuming a nutritionally adequate diet."
Also see the Times Magazine on Atkins (which claims that our new understanding of diet comes from a superior knowledge of endocrinology. See yesteday's HRT story for details.) It's full of juicy details, like "low-fat diets will increase the risk of heart disease in a third of the population." And this gem: "Surely, everyone involved in drafting the various dietary guidelines wanted Americans simply to eat less junk food, however you define it, and eat more the way they do in Berkeley, Calif." At what point will people realize that these "nutritionists" are completely full of shit? Why would anyone listen to them at this point?
Kristina provides some tranny background:
Nutritionists are revisiting tropical palm and coconut oils, which may not be as bad as once thought and could actually have cancer-fighting properties. Healthier canola and sunflower oils that remain stable at high temperatures are coming onto the market. New seed oil crops are being bred to produce oils that don't need hydrogenation.Includes a discussion of "Syndrome X.""Biotechnology holds great promise for us," Earl says.
Wednesday, July 10, 2002
"As a small child he collected porcelain and was so obsessed that he used to go to bed with his cups and saucers, stroking them to determine by touch, in the dark, whether he could figure out which factories in France -- Sèvres, St. Cloud, Chantilly -- made what."
Could they be bigger assholes? The "symptoms of menopause" = being an old woman. Check out the Times article from yesterday (above). Of course, the "relative risk" the NIH is talking about is tiny, but that's beside the point.
And you know one thing that occurred to me in listening to this and being part of this, there are so many wonderful decent human beings who are running small and medium-sized and even large corporations. They need to be celebrated, too. In our country, I think we tend to run from one side of the ship to the other. And it would be pretty good for people to stop and reflect and maybe say a word to the people that they work for that are helping create jobs and innovating new products -- thanks a lot, you know you're not guilty of this stuff and we appreciate it that you're helping our economy to be the envy of the world.Incidentally, he talks like a fucking Muppet. He's the Secretary of the Treasury.
I could sit down and brood upon it, going over each word slowly in my mind. and I came to a strange conclusion. there was something missing in the pledge, and that which was missing was the characteristic and definitive factor in the American way of life. Indeed, apart from the mention of the phrase, "the United States of America," it could be the pledge of any republic. In fact, I could hear little Moscovites repeat a similar pledge to their hammer-and-sickle flag in Moscow with equal solemnity. Russia is also a republic, that claims to have overthrown the tryranny of kingship. Russia also claims to be indivisible.After this, the Protestants rushed to join Rabaut (a Catholic) and the competing resolutions flooded the House (and Senate). I will spare you the sordid details of our Congress's enthusiasm for God. The House soon returned to more pressing matters, like the Communist Control Act of 1954 (1954 U.S.C.C.A.N. 3145). How like the glorious Roman Republic is our own -- only, under God, of course:
So corrupted indeed and debased was that age by sycophancy that not only the foremost citizens who were forced to save their grandeur by servility, but every ex-consul, most of the ex-praetors and a host of inferior senators would rise in eager rivalry to propose shameful and preposterous motions. Tradition says that Tiberius as often as he left the Senate-House used to exclaim in Greek, "How ready these men are to be slaves." Clearly, even he, with his dislike of public freedom, was disgusted at the abject abasement of his creatures. [Tacitus, Ann. 3.65][As far as I can tell, the media has not bothered to look into this, with 2 exceptions: David Greenberg and David Morris. Hertzberg pointed it out in last week's New Yorker too, but the link is already gone.]