Saturday, December 01, 2012

Susan Rice and Keystone XL

I have defended Amb. Rice against the scurrilous personal attacks leveled against her by John McCain, Lindsay Graham, et.al., but that's all over now.

The shoulders on which the Keystone XL pipeline decision may fall happens to have a half-million dollar stake in the game. Secretary of State hopeful and current U.S. Ambassador to the UN, Susan E. Rice reportedly owns between $300,000 and $600,000 of TransCanada stock.

It gets worse: she is a massive investor in several of the various Canadian tar sands players.

(Rice) holds significant investments in more than a dozen Canadian oil companies and banks that would stand to benefit from expansion of the North American tar sands industry and construction of the proposed $7 billion Keystone XL pipeline.
[...]

(A)ccording to financial disclosure reports, about a third of Rice’s personal net worth is tied up in oil producers, pipeline operators, and related energy industries north of the 49th parallel -- including companies with poor environmental and safety records on both U.S. and Canadian soil. Rice and her husband own at least $1.25 million worth of stock in four of Canada’s eight leading oil producers, as ranked by Forbes magazine. That includes Enbridge, which spilled more than a million gallons of toxic bitumen into Michigan’s Kalamazoo River in 2010 -- the largest inland oil spill in U.S. history.

Rice also has smaller stakes in several other big Canadian energy firms, as well as the country’s transportation companies and coal-fired utilities. Another 20 percent or so of her personal wealth is derived from investments in five Canadian banks. These are some of the institutions that provide loans and financial backing to TransCanada and its competitors for tar sands extraction and major infrastructure projects, such as Keystone XL and Enbridge’s proposed Northern Gateway pipeline, which would stretch 700 miles from Alberta to the Canadian coast.

This is the sort of thing that the SEC usually refers to as 'insider trading', which is illegal. Usually.

Not only does Rice not deserve a promotion, she probably ought to go ahead and resign from her post as UN ambassador and "retire" from politics. My guess is she still has a bright and lucrative future as an oil industry lobbyist.

Friday, November 30, 2012

Greg Abbott: Hurry up with our VRA challenge

Michael Li:

Lawyers for the Justice Department and intervenors in the Texas voter ID case told the court yesterday that the court should put off consideration of Texas’ claim that section 5 of the Voting Rights Act is unconstitutional until the Supreme Court decides the pending Shelby County v. Holder case next year.

That case involves a challenge to the statute by Shelby County, Alabama, contending that Congress acted without sufficient evidence in 2006 in extending section 5 coverage for another 25 years and that the formula for determining what states and sub-divisions are subject to section 5 is outdated.

Money shot:

The State of Texas disagreed and told the court that it should go ahead and decide the constitutional question being raised in the Texas case or otherwise its voter ID law “will be stuck in limbo until the end of the current Supreme Court term.” 

So it would seem to me that the Republicans in the Lege would be working on a revised Voter ID bill for 2013 -- a less onerous one, that comes closer to passing legal muster -- as a Plan B to an adverse ruling, except that the last sentence in the second excerpt suggests that the conservatives have all of their eggs rotting in one basket. Perhaps the timeline for a decision from the court is such that a Plan B could still be pulled out of a drawer in the coming session.

In a response to this question on his FB page, Li states: "there does not seem to be any major move to revisit the law".

This kind of 'all in' gamble by Greg Abbott, considering his track record with the feds, would surprise me... if I weren't already convinced of his stupidity. Then again, maybe it's the GOP legislators who are dumb. And the question becomes moot if we learn in the coming weeks that they are quietly working on something in case they lose in court.

But if Li is correct, and the court either denies Abbott's request or accepts it and rules against the state later, then without some alternative legislation offered in the coming session... Voter ID would be dead until 2015.

That would have to be the most favorable outcome for voting rights and democracy one could hope for. As always when it comes to the judges, the lawyers, the OAG, and the GOP in the Lege, we'll have to wait and see what develops.

Tuesday, November 27, 2012

Everyone needs someone to look down on

An excerpt from this observation from Joan Walsh.

It troubles me beyond reason that the face of the white GOP backlash is so frequently Irish Catholic: O’Reilly, Hannity, Pat Buchanan. Reading Kelly’s book again reminded me that everything racists say about African Americans was once said about my own people, and in the famine at least, with a deadly outcome.

To justify shutting down aid mid-famine, the London Times editorialized that it was to help the poor Irish themselves. “Alas, the Irish peasant has tasted of famine and found it good…the deity of his faith was the government…it was a religion that holds ‘Man shall not labor by the sweat of his brow.” Sounds like Bill O’Reilly, only more clever. “There are times when harshness is the greatest humanity.” The Times’ “chief proprietor,” John Walter, put it more crudely. The Irish were no more ready for self-government than “the blacks,” he said in Parliament (he was also a Tory MP).  ”The blacks have a proverb,” he explained. “‘If a nigger were not a nigger, the Irishman would be a nigger.’”

I am neither Irish nor Catholic.The contempt of Irish immigrants in the New World was well-played satirically by Daniel Day-Lewis in "Gangs of New York". (He's in another film currently where his character demonstrates a great deal more tolerance toward a different tribe of people.) Walsh's point is that history -- like science and logic and common sense -- is still lost on the right-wing and their bloviators.



We need conservatives to hurry up and begin to understand what's true and what's fiction. And that's about the kindest way that it can be said.

Monday, November 26, 2012

The Weekly Wrangle

The Texas Progressive Alliance is rested and ready after the holiday weekend as it brings you this week's roundup.

Off the Kuff notes that for the second election in a row, the city of Houston voted 61% for President Obama. Keep that in mind the next time someone tries to tell you that Texas is Austin surrounded by a bunch of Republicans.

Success for Democrats in Williamson County has been few and far between in recent years, and has only come through hard work. WCNews at Eye on Williamson points out that little has changed: It won't just happen...(continued).

Barack Obama's re-election to the presidency, just as his first election, is defined in large measure by the pathetic quality of his competition. PDiddie at Brains and Eggs observes that while Republicans have only themselves to blame for their circumstances, maybe it's time for the victors to help them work through their bitterness.  

BossKitty at TruthHugger believes it's time to instruct those we elected to legislate responsible actions and stop polluting America's water: Water – Supply and Demand, Cause and Effect.

CouldBeTrue of South Texas Chisme notes that establishment Republicans hate their base. I can understand that.

Neil at Texas Liberal said that the table of self-respect is always set. The question is will people show up?