Wednesday, May 27, 2009
Tuesday, May 26, 2009
Wednesday, May 20, 2009
The movement, Xeni, the movement. This is a political movement. That's what I'm asking if you trust. Will it lead to justice, or will it instead provide an excuse for the military and the police to step in and "restore order?" Or even, is it being nurtured to provide an excuse for that?
It is easy to cry, "¡Viva La Revolucíon!" And in all of Latin America, not only Guatemala, there is 500 years of injustice to revolt against, so there is always a reason for La Revolucíon. But to win... In Mexico, the liberator Juarez was followed by the corrupt dictatorial Diaz. Zapata and Villa won their battles, and were assassinated. It is not different in Guatemala--aren't you making that point?
There are some hopeful signs here. One of the most hopeful is the non-violent activism. My heart goes out to the people of Guatemala. But for a movement to succeed in Latin America, it needs courage, strategy, political theory, broad-based support, and ethical leaders. So far (admittedly there is little reporting) I just hear "¡Viva La Revolucíon!" It isn't enough to get out into the streets--you've got to go somewhere better once you're there.
[2009.08.04 Edited for clarity and force]
Sunday, May 17, 2009
Friday, May 8, 2009
Thursday, May 7, 2009
Does anyone remember the case of H. Rodgin Cohen, a prominent New York lawyer whom The Times has described as a “Wall Street éminence grise”? He briefly made the news in March when he reportedly withdrew his name after being considered a top pick for deputy Treasury secretary.Bottom line: we're still not desperate enough to get the policy-makers to act. Has there ever been a time in US history when the Senate was not corrupt and obstructionist?
Well, earlier this week, Mr. Cohen told an audience that the future of Wall Street won’t be very different from its recent past, declaring, “I am far from convinced there was something inherently wrong with the system.” Hey, that little thing about causing the worst global slump since the Great Depression? Never mind.
Those are frightening words. They suggest that while the Federal Reserve and the Obama administration continue to insist that they’re committed to tighter financial regulation and greater oversight, Wall Street insiders are taking the mildness of bank policy so far as a sign that they’ll soon be able to go back to playing the same games as before.
So as I said, while bankers may find the results of the stress test “reassuring,” the rest of us should be very, very afraid.