The Sunday Muse, Memorial Day Edition

Random clippings from this week's news:

Business/The Economy

Wall Street: This is what happens when a political party devoted to small government and lax regulation is in charge:

The Securities and Exchange Commission abandons investigations for lack of resources, allows corporate wrongdoers to skip fines and drops cases because of a bureaucratic culture of risk aversion, according to a recent federal report...

The report raises questions about how well the SEC can do its job protecting investors with such glaring deficiencies.

The number of SEC enforcement attorneys declined 11.5 percent from 2004 to 2008 while cases were closed prematurely or not investigated at all, the report says.

Although a wide range of cases is pursued, "one attorney told us of closing several cases that were promising but which could not be pursued for lack of resources," according to the report.

With such lax oversight, how can investors and American taxpayers regain the confidence in the financial system necessary to revive the global economy?

Detroit: It was once unthinkable, but now seems inevitable.

Capitol Hill: The Roberts Court does corporate America's bidding.

Science/The Environment:

Has anyone checked the temperature in hell lately?

Republican talking heads, full of hot air and blinded to science.

Politics:

GOP 2012: In the race to crazy that is the GOP nomination fight, Sarah proves she's still in the game.

Education:

The Golden State's tarnished future: California's kids to pay the price for political failure. The draconian spending cuts now facing the state's school districts is an unconscionable abandonment of the state's children, it's most important resource.

Foreign Policy/Military Affairs:

South Central Asia: As President Obama goes "all in" in AfPak, I find myself wondering if anyone has clearly defined America's end goals in a region known as the graveyard of empires.

Capitol Hill: Disappointing the anti-war left that propelled them to power over the past two elections, a Democratic Congress passes another "no-strings attached" Iraq/AfPak war supplemental funding bill. But this year, it's a Democratic President who launched his national career as the anti-war candidate who receives the money. Was this the change we had in mind?

Sunday Muse, Spring Has Sprung!

Browsing through this week’s news clippings, a few thoughts on a Sunday morning:

Anyone else out there going to be planting their inaugural vegetable garden this year? Gotta love Michelle.

Ditto Barney Frank, the first congress critter for whom I ever voted. Turns out he possesses supernatural powers over hapless Republicans.

More from the circular firing squad once known as the Republican Party:

· When the Governator - the leader who makes Californians wish for the good old days of Gray Davis and rolling brownouts (the definition of Epic Fail in the Golden State - is one of the few Republicans making sense on the stimulus, you know the GOP is DOA.
· Sometimes this Bush Legacy effort is sad. Other times, its tragic. This is simply laughable.
· When will Michael Steele realize he should simply shut his mouth? Here's to hoping he never does. Long live Chairman Mike!
· As Republicans decry Obama's "lurch to the left," has Rahm emerged as the new Rove?

From the "Well, duh!" File:
· Former Bush official admits abstinence only doesn't work.

In the “The FUBAR File” or, Just a Few More Things on Barack's Plate:
· Is the Afghan war about to become a regional conflagration?
· While it may not go the way of the Italian lira and Greek drachma, the days of the Almighty Dollar are coming to an end.

Just wondering, have we reached a tipping point in our nation's war on drugs?

More on our planet in crisis:

· The power of multinational lobbyists is coopting the democratic will of the people resulting in governmental inaction when all science points to the urgency of the moment. NASA climatologist James Hansen argues for civil disobedience as perhaps the only hope in preventing climaticide.
· Are we a generation away from global water wars?
· Could Manhattan be underwater by the end of the century?
Ending on a positive note, giving credit when credit is due:

Despite Congress' ham-handed efforts to rein in rogue financiers (and the stampeding to pass legislation to tax bonuses that should've never been paid out), sometimes they do things right. Promoting national service is one of them.