One In Eight

by hilzoy Can this actually be true? "More Americans struggled to pay their mortgage bills in the fourth quarter of 2008. A record 5.4 million U.S. homeowners with a mortgage, or nearly 12%, were either behind on payments or in foreclosure at the end of last year, according to an industry survey. The Mortgage Bankers … Read more

Reverse Migration

by hilzoy The Washington Post has a story about workers who had left their native countries to find work heading home again: "Thousands of foreign workers, including London School of Economics graduates with six-digit salaries and desperately poor Bangladeshi factory workers, are streaming home as the economy here suffers the worse recession in Southeast Asia. … Read more

The Perils of Bad Facts

by publius Scott Lemieux has already posted on Summers – the standing case the Supreme Court released yesterday.  To me, Summers illustrates just how important it is for public interest litigators to pick the “right facts.”  Here, the environmental organization had to fight on very unfavorable terrain – and they lost.  To borrow loosely from … Read more

Iceland: Special Elven Edition

by hilzoy Michael Lewis has a piece (h/t) about Iceland and its economic collapse in Vanity Fair. Besides being fascinating, it's also wonderfully written. Felix Salmon excerpted this bit, and I will too: "Alcoa, the biggest aluminum company in the country, encountered two problems peculiar to Iceland when, in 2004, it set about erecting its giant … Read more

More Cramdowns!

by hilzoy The House seems to have postponed action on mortgage cramdowns until tomorrow, which gives all of us one more day to contact our Representatives and let them know our views. The best post I know of on this topic is from Tanta; this discussion in Business Week is also good. Here's my take: … Read more

The Quaint First Amendment

by publius Via Sullivan, Newsweek provides a rather interesting quote from John Yoo’s newly-released OLC memos: "First Amendment speech and press rights may also be subordinated to the overriding need to wage war successfully," Yoo wrote in the memo entitled "Authority for Use of Military Force to Combat Terrorist Activity Within the United States." Even … Read more

The Secret to Rush’s Success… Indifference

by publius Have to admit – I’m sort of fascinated with Rush Limbaugh these days.  Terribleness aside, it’s been fascinating to see his revival in the mainstream news of late.  And yes, his revival is a problem for Republicans – but not for the reason you think.  The GOP’s “Rush Problem” isn’t that he’s too … Read more

“There Is No Shame”

by hilzoy The NYT has an interesting story about executives who have been laid off, and have had to take lower-paying, lower-status jobs to make ends meet: "Mark Cooper started his work day on a recent morning cleaning the door handles of an office building with a rag, vigorously shaking out a rug at a … Read more

Now That’s What I Call Toxic!

by hilzoy During the past year or so, I have sometimes wondered exactly how toxic all those toxic assets really are. It's hard to tell, since they differ from one another, and are not traded that often. However, the Financial Times (h/t) has some answers: "In recent weeks, bankers at places such as JPMorgan Chase and … Read more

Al-Marri Will Face Trial

by hilzoy Good news: "Federal prosecutors are preparing to charge Ali Saleh Kahlah al-Marri with providing material support to al-Qaeda terrorists in a groundbreaking move that would put the alleged sleeper agent under the jurisdiction of the U.S. court system, according to sources familiar with the issue. Indicting Marri in a federal court marks a … Read more

More Audaciousness

by publius The good news is that it's pretty much official — health care reform is ON this year.  Obama is carving out a big chunk of money for it — and we wouldn't be reading these stories if they weren't serious about it. There will of course be many posts to come as that … Read more

A Change Of Pace

by hilzoy Yesterday, the House passed the Captive Primate Safety Act, which would make it illegal to "import, export, transport, sell, receive, acquire, or purchase in interstate or foreign commerce" any nonhuman primate. (Humans are covered by the 13th Amendment.) This is one of those small-bore but really, really good bills that I've been rooting for … Read more

The Audacity of the Speech

by publius I’ve fumbled around tonight trying to identify the precise feeling I had about Obama’s impressive speech.  It wasn’t so much that I was stirred or excited – the times are too dour for that.  I was just deeply satisfied with it.  It made me feel very very good about the 2008 election. The … Read more

Speech Thread

by publius What do you think?  So far, it sort of sounds like he's self-consciously trying not to do Clinton's laundry list of small items.  He's going bigger.

Habeas Rights At Bagram

by hilzoy

From last Friday's NYT:

"The Obama administration has told a federal judge that military detainees in Afghanistan have no legal right to challenge their imprisonment there, embracing a key argument of former President Bush’s legal team.

In a two-sentence filing late Friday, the Justice Department said that the new administration had reviewed its position in a case brought by prisoners at the United States Air Force base at Bagram, just north of the Afghan capital. The Obama team determined that the Bush policy was correct: such prisoners cannot sue for their release. (…)

The closely watched case is a habeas corpus lawsuit on behalf of several prisoners who have been indefinitely detained for years without trial. The detainees argue that they are not enemy combatants, and they want a judge to review the evidence against them and order the military to release them.

The Bush administration had argued that federal courts have no jurisdiction to hear such a case because the prisoners are noncitizens being held in the course of military operations outside the United States. The Obama team was required to take a stand on whether those arguments were correct because a federal district judge, John D. Bates, asked the new government whether it wanted to alter that position.

The Obama administration's decision was generally expected among legal specialists. But it was a blow to human rights lawyers who have challenged the Bush administration's policy of indefinitely detaining "enemy combatants" without trials."

I am very much of two minds about this. I explain why below the fold.

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Obama’s Housing Plan: The Second Time As Farce

by hilzoy One of the dumbest things I've heard about Obama's housing plan was on CNN last night (AC 360 2/20/2008; transcript accessed via Lexis/Nexis): "TOM FOREMAN: Many who oppose the bill, however, seem to understand it fine. They just think it's wrong. (on camera) Opponents argue this plan simply has no clear way to determine if a … Read more

Obama’s Housing Plan

by hilzoy I've been puzzled by the response to Obama's housing plan. There seem to be a whole lot of people who think that it's mainly designed to help out people who knowingly got themselves into trouble by living beyond their means, while those of us who were financially responsible are left out in the … Read more

Daycare?

by hilzoy Here's a poll from USNews' Washington Whispers site: Steve Benen asks: "Would it ever occur to them, even for a moment, to ask who would run the best daycare center: Barack Obama, John McCain, Joe Biden, or John Boehner?" Well, no.  But let's take this a bit further. Here are some other polls … Read more

Free The Uighurs

by hilzoy Yesterday, a federal appeals court ruled (pdf) that it cannot order the release of the seventeen Uighurs who remain at Guantanamo, and that no court has the power to do so. The case will presumably be appealed to the Supreme Court. But there is absolutely no reason for President Obama to wait on the … Read more

Signs Of The Times

by hilzoy That the Financial Times has a headline that reads "Greenspan Backs Bank Nationalization" is truly a sign that we live in strange, strange times. Any moment now the sun shall become as black as sackcloth of hair, and the moon shall become as blood, and the stars of heaven shall fall unto the earth, … Read more

Phoenix By Bus

by hilzoy  Atrios links to a story about growth patterns in Phoenix. It quotes a woman who wishes she could walk to stores from her house: "In Goodyear, for instance, the opening of the Estrella Falls mall was postponed last week for a second time. Shopping center developer Westcor now plans to open it in … Read more

California Slides Into The Sea

by hilzoy It sounds as though California is finally melting down politically: "The state of California — its deficits ballooning, its lawmakers intransigent and its governor apparently bereft of allies or influence — appears headed off the fiscal rails. Since the fall, when lawmakers began trying to attack the gaps in the $143 billion budget … Read more

In Praise Of Anxiety

by hilzoy Michael Isikoff in Newsweek: "An internal Justice Department report on the conduct of senior lawyers who approved waterboarding and other harsh interrogation tactics is causing anxiety among former Bush administration officials. H. Marshall Jarrett, chief of the department's ethics watchdog unit, the Office of Professional Responsibility (OPR), confirmed last year he was investigating whether the … Read more

Filibusters Again

by hilzoy Steve Benen, Matt Yglesias, and Kevin Drum are all calling for reform of the filibuster. I agree. I am of two minds on the question of eliminating it entirely. (To anyone who thinks it's just obvious that the filibuster should be eliminated, I have three words for you: Janice Rogers Brown.) But what … Read more

One More Reason Why I’m Glad I’m Not An Ant

by hilzoy From the New York Review: "Some ant species do not have queen ants in the strict sense. Instead, worker ants (which are all female) that have mated with a male ant become the dominant reproductive individuals. These are the gamergates, or "married workers," and their sex life can be brutal. In one species … Read more

Juxtaposition Of The Day

by hilzoy From National Review's list of the 25 best conservative movies: "12. The Dark Knight (2008): This film gives us a portrait of the hero as a man reviled. In his fight against the terrorist Joker, Batman has to devise new means of surveillance, push the limits of the law, and accept the hatred of the press … Read more

State Secrets: Updates

by hilzoy Two bits of welcome news. First, Sens. Leahy, Kennedy, and Specter have reintroduced the State Secrets Protection Act (S. 417). Thomas doesn't have the text yet, but Leahy's press release claims that "the legislation was initially proposed in the 110th Congress", which sounds as though it is the same bill described here. That bill states … Read more

The Silence Of The Left

by hilzoy Ben Smith at Politico has a story called 'Left Silent On Social Security, Medicare': "Strikingly, however, Obama appears to be getting unusual room to maneuver on entitlements by most of his liberal allies. On the subject of entitlement reform, in fact, Obama’s honeymoon continues — at least in the unlikely precincts of the … Read more

DeLong Speak, You Listen

by publius In arguing for the stimulus bill, proponents often note that monetary policy has run its course and didn't work — thus, fiscal policy is necessary.  Brad DeLong does everyone a service by explaining this argument in more detail in clear, novice-friendly language.  (The post actually covers several points, but it's helpful and accessible … Read more

A Question Of Burdens

by publius You know, I completely get what Kevin Drum is saying here – in fact, it’s maddeningly reasonable.  Boiled down, his argument is basically that the $100 billion in dispute isn’t really all that significant in the grand scheme of things – and in the larger context of total deficit spending.  And sure – … Read more

Good

by publius House Democrats seem to be holding firm.  From The Hill: House Democrats on Tuesday said they are prepared to negotiate past Presidents Day rather than cave to GOP Senate centrists on the details of the economic stimulus package. Bucking warnings that the delicate Senate compromise passed Tuesday cannot be altered, leading House Democrats … Read more