Andrew Breitbart, the right wing blogger who operated the website BigGovernment.com and who became famous for posting sensationalistic “sting” videos on his website, has died. The L.A. Times says his death was due to natural causes. Breitbart was responsible for posting a selectively edited video of former Agricultural Administration employee Shirley Sherrod, which was doctored to make her appear racist. The video was quickly exposed by mainstream media as race-baiting. Breitbart was known for posting sensationalized stories that were frequently based on distortions, falsehoods and pure speculation. He was also involved in instigating a fake nationwide ACORN “child prostitution” investigation, led an anti-gay smear campaign against Department of Education employee Kevin Jennings, broadcast yet another selectively-edited video made in conjunction with James O’Keefe (the slice-n-dice right-wing videographer who tried to frame ACORN) claiming that Census supervisors encouraged federal employees to falsify their time sheets. In 2009, Breitbart claimed on his website, BigGovernment.com, that “Transvestites, Mao and Obama Ornaments Decorate White House Christmas Tree.” On September 29, 2009, Breitbart posted a video that he claimed showed community organizers praying to then President-elect Obama. The video had captions that said, “Deliver us Obama,” and “Hear our cry, Obama.”
May he rest in peace.
Jeremy Grantham is a co-founder and chief investment strategist for GMO, a global investment firm that manages $97 billion in client assets and has more than 500 employees worldwide. CBS news called Grantham a “legendary investor,” and his résumé and business background make Grantham about as dedicated a capitalist as you can find anywhere in the U.S. these days. So when someone like Grantham writes that capitalism “threatens our existence,” people should sit up and take notice. Grantham’s February, 2012 quarterly newsletter] (pdf) is a scathing indictment of American capitalism and where it is leading the country: over a cliff. Grantham writes that “You don’t have to be a PhD mathematician to work out that if the average Chinese and Indian were to catch up with … the average American, then our planet’s goose is cooked, along with most other things. Indeed, scientists calculate that if they caught up, we would need at least three planets to be fully sustainable. But few listen to scientists these days.” Grantham points out that “our collective ability to feed ourselves, through erosion and fertilizer depletion has “received little or no attention,” and that “capitalism and corporations have absolutely no mechanism for dealing with these problems, and seen through a corporate discount rate lens, our grandchildren really do have no value.” He also writes, “Capitalism, by ignoring the finite nature of resources and by neglecting the long-term well-being of the planet and its potentially crucial biodiversity, threatens our existence.”
Source: GMO Quarterly Newsletter, (pdf) February, 2012
James Murdoch (son of Rupert Murdoch)
An ongoing criminal investigation into media mogul Rupert Murdoch’s News of the World phone hacking scandal in Britain has unearthed new and damaging information: that Murdoch’s paper, The Sun, illegally paid sums ranging into the hundreds of thousands of dollars to corrupt officials inside the British government, police and military in exchange for news tips and titillating gossip. Mr. Murdoch and his son, James, have tried to blame rampant phone hacking, bribes and other wrongdoing at Murdoch’s papers on a single rogue reporter, but the inquiry into the phone hacking scandal shows such activities were widespread in the organization and knowledge about them reached the highest levels of the papers’ management. The investigation found that former News International executive Rebekah Brooks was notified by police in 2006 that detectives possessed evidence that the cell phones of dozens of politicians, sports figures and celebrities had been illegally hacked by someone working for News of the World. In emails circulated among newspaper employees, staff talked about the risks of losing their pensions or their jobs if they weren’t careful to keep their payments to sources secret. The emails showed that journalists at Murdoch’s papers were fully aware what they were doing was wrong. Recently several senior editors and reporters at The Sun were arrested under allegations that they illegally paid sources, and on February 29, 2012, James Murdoch quit his position as executive chairman of News International, the company that owns the The Sun and the Sunday Times. James Murdoch will still run News Corporation’s television interests outside the U.S.
Main source: The New York Times, February 27, 2012