Morning Must Reads: November 18

In the News: Bitcoin goes to Washington, Nancy Pelosi: Dems will 'Stand Tall' in Support of Obamacare during the next election, Iran nuclear talks heading to Geneva, and the Cheney family feud over gay marriage

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Mark Wilson / Getty Images

The early morning sun rises behind the US Capitol Building in Washington, DC.

  • Nancy Pelosi Defends Obamacare on ‘Meet the Press,’ Says Democrats will ‘stand tall’ in 2014 [NBCNews]
  • Lesson is Seen in Failure of 1989 Law on Medicare [NYT]
  • “Busted website, canceled policies, lousy early enrollment numbers. And that could be just the warmup.Because the lesson of the last six weeks is that when it comes to the Obamacare rollout, if it can go wrong, it probably will.” [Politico]
  • DSCC Sets Off-Year October Record, Raises $4.8 million  [The Hill]
  • The first congressional hearing on how to regulate virtual currencies will take place on Monday afternoon before the Senate Homeland Security and Governmental Affairs Committee. [TIME]
  • America’s Longest War…Likely to Get Longer [TIME]
  • Upcoming Battle will Showcase Rising Power of Women in the Senate: “Sens. Kirsten Gillibrand (D-N.Y.) and Claire McCaskill (D-Mo.) are leading opposing sides of a months-long disagreement over how the Defense Department should handle the reported rise of sexual assault in the ranks.” [Washington Post]
  • Brass Slow Walk President Obama’s Marching Orders on Sexual Assault [Politico]
  • The Fight for a “Right”: How a Deal with Iran May Hinge on One Simple Word [TIME]
  • Amid Nuclear Talks, Iran Pushes Diplomacy Online [NPR]
  • Bill Clinton says he would like to see a woman president, gives no word on Hillary 2016 [Politico]
  • Liz Cheney Insists She Supports the ‘Traditional Definition of Marriage’ [Huffington Post]
  • And more on Liz: Cheney Family Airs Gay Marriage Feud on Facebook [TIME]

 

613 comments
deconstructiva
deconstructiva

Maria Bartiromo is leaving CNBC ...for FOX Biz Network. Whether one likes or dislikes her work, going to FOX is simply a bad move, no matter the pay raise. It's not just the ick factor of FOX, but that network has a much smaller audience. If she thinks folks en masse will migrate to FBN and raise them to new heights, think again. Hell, I don't even get that channel in my cable package, would have to pay more for it, and that's not going to happen.

http://www.businessinsider.com/drudge-says-maria-headed-to-fox-business-2013-11

mantisdragon91
mantisdragon91

The Right Way to Tackle Bubbles

Peter Orszag has a great column out about New Zealand, which is really about the right way for political authorities to think about bubble concerns. The Reserve Bank of New Zealand had gotten worried about skyrocketing house prices. The basic concern about "bubbles" and financial stability that central banks are often encouraged to use as a pretext for tighter monetary policy. But instead of tight money, the Reserve Bank has responded with tighter mortgage regulation—basically requiring larger downpayments for most mortgages.

That limits the downside risk to the economy if house prices do crash in the future. And it might even restrain future price appreciation. But it doesn't try to "prick" a bubble by creating more unemployment. That's the way it should be done.

MementoMori
MementoMori

 It’s sort of easy being against the ACA and rooting for its failure when you’re sitting in a job that’s giving you decent health insurance. I think that’s what bugs me the most. How people with insurance—with no skin in the game where their healthcare is concerned or the healthcare for their spouses and children—are wanting the ACA to go away. So that what? So that other people don’t have access to the same privilege you currently have?

On Privilege and the Affordable Care Act

collioure
collioure

@MementoMori  

Important to note that he pulled a gun on his girl friend when it was not self defense.

DonQuixotic
DonQuixotic

@MementoMori  

He's a trouble maker.  Inevitably he'll wind up like OJ - in jail for years for some later crime.

forgottenlord
forgottenlord

@deconstructiva 

What, you mean it's not because she's sick of the lack of journalistic integrity and wants to go somewhere that has a little bit more standards?

forgottenlord
forgottenlord

@mantisdragon91 

That's also what Canada did.  I think Harper went through three iterations of tightening mortgage rules and we're now down to 25 year cap and minimum 10% down.  Strangely, though, while it heavily cooled the bubble, it's started inflating again in the west - which is starting to drive me nuts.  At some point, it will burst - we saw a small one burst in Alberta less than a decade ago (my Dad bought his condo on the downslope while my sister-in-law bought right at the peak)

Sue_N
Sue_N

@MementoMori Of course, never mind the fact that in today's economy, no job is really "safe," and losing a job spells disaster for people with employer-provided insurance. Checked COBRA prices lately?

Once again, it's a case of "there but for the grace of God go I." But I guess empathy is such a liberal thing.

TyPollard
TyPollard

@MementoMori 

She is unlikely to push thru her ideas but at least there is a voice at the table with a different perspective.


forgottenlord
forgottenlord

@collioure

Well..... I would argue it wasn't really self-defense in Martin because I'm of the opinion that Zimmerman could reasonably be considered the aggressor.

MementoMori
MementoMori

@DonQuixotic @MementoMori 

Threatening with a weapon is  felony. There's a good chance he'll get more punishment for this than for killing a unarmed black kid.

DonQuixotic
DonQuixotic

@MementoMori  

And ironically wingers like to label Obama as "Nixonian" so they may not be far off from calling Nixon a liberal, especially since I'm sure the implications of the term are lost on them.

outsider
outsider

You realize you're talking about fox...

yogi
yogi

@TyPollard @MementoMori Weren't both mayoral candidates in Seattle running on the same $15 min. wage and taxing the rich platform?

outsider
outsider

@DonQuixotic @MementoMori  

I think the Martin trial gave him an inflated sense of self- and what he can get away with. 

I agree. He's gonna end up like OJ.

DonQuixotic
DonQuixotic

@MementoMori @DonQuixotic  

She'll likely drop the charges I'm sure.  Honestly I foresee him spending the rest of his life in jail when he "accidentally" kills another person in "self defense".

forgottenlord
forgottenlord

@MementoMori

I've heard that argument from the left before - though it's normally a lament more about how the Democrats have capitulated the left wing and been driven to the middle.

DonQuixotic
DonQuixotic

@MementoMori @DonQuixotic  

I mean I get that this is a propaganda piece for their dim-witted masses and they hate that he created the EPA (and supported the Clean Air Act), but come on.

outsider
outsider

@deconstructiva  

Good point. 

I um.. am just used to lies about Fox being fair and balanced and didn't consider the source?

Ok, i was on the train, and not paying enough attention. My bad. 

collioure
collioure

@deconstructiva  

Elisabeth is allowed complete sentences at Fox, a plus for her, but sometimes a minus for us.  She brightens up the screen, but don't listen too closely.

deconstructiva
deconstructiva

@outsider

It's probably no coincidence that Elisabeth Hasselbeck fled to FOX after The View. La Randy's post below on EH and knocked-up seniors highlights Hasselbeck's, well, ahem ...oh, f'k it, never mind.


deconstructiva
deconstructiva

@mantisdragon91 @forgottenlord 

Punishing the bank execs and traders who ruined everything - as in banishing them to the Graybar Hotel - would be another crazy idea to explore. Everyday people who rob banks go to prison. When banks do the robbing, they get TARP and fines, if that.

forgottenlord
forgottenlord

@mantisdragon91

Well, that's partly because your banks actually collapsed.  We suffered the same dot com bubble you did and prior to that, we had a gold bubble that exploded and wiped out a bunch of people.  Some of our banks were even holding some of the CDO garbage when it collapsed.  We survived 2008 primarily because we're regulated in such a way that we couldn't be leveraged 40:1 and be taken down by a stiff breeze.

DonQuixotic
DonQuixotic

@TyPollard @MrObvious @collioure  

I love how they can't admit they're wingers.  I'm a liberal - very liberal - and nothing about that bothers me.  I don't deny it when people call me a liberal and pretend to be "independent".  It seems to suggest they're ashamed deep down about their political beliefs, or they know that merely being associated with their ideology these days is embarrassing.

MrObvious
MrObvious

@TyPollard @MrObvious @collioure 

Yup, Openminded and Colli, two neo neutral independents who just happen to be obsessed about Obama, spout every single idiotic 'winger theory and idea and use the word lib or libs as often as smurf smurfs the smurfing smurfer.

TyPollard
TyPollard

@yogi @TyPollard @MementoMori 

I don't put much weight on mayoral campaign promises.

Usually such boasts are all talk. Monied business interests still get their way even in liberal Seattle.