TV review: Veep

The HBO comedy series Veep is pretty funny. The first season of eight episodes is out on Netflix and I watched it over two weekends. The backstory is that Selina Meyer is a US senator who tried and failed to get her party’s nomination for the presidency, then accepted the role of running mate and became vice-president. She finds that in the world of Washington politics, she now has far less clout than when she was a senator, reduced to making human interest appearances at kindergartens and yoghurt stores and the like. She has all the trappings of power (massive security detail and six limousine motorcades wherever she goes) but not the reality and the show deals with her frustration and insecurity at being deliberately excluded from the really important decision-making processes. [Read more…]

How big banks fix benchmark rates

The rules against insider trading are meant to ensure that ‘the market’ is democratic and that everyone has access to the same information on which to base investment decisions, and to prevent individuals from taking advantage of knowledge that might give them more accurate knowledge of the true value of something than the public at large. As a result, we are constantly reassured how ‘the market’ has a self-correcting mechanism that results in the publicly stated value of financial products reflecting their true value. [Read more…]

Religious rioting in Bangladesh

The Indian subcontinent is going through turbulent times as religious extremists try to demand that religious dogma drive each country’s legal system and social mores. Pakistan has been subjected to vicioius blasphemy laws. India has seen the rise of Hindu nationalists and Hindu-Muslim clashes, Sri Lanka has seen militant Buddhists, led by monks, attack ethnic and religious minorities, most recently the Muslims. [Read more…]

The perils of bravado

US presidents love to look tough. But why don’t they ever realize that it is always a mistake to publicly draw lines in the sand? It makes you look strong at that moment but boxes you in later, because political reality is always more complicated and requires flexibility and nuance in dealing with it. In the case of Syria, president Obama made the mistake nine months ago in a press conference of declaring that if the Syrian government used chemical weapons, they would be crossing a ‘red line’, leaving unsaid what he would do in response. [Read more…]

Burying those whom society despises

[UPDATE on May 9, 2013: He has finally been buried in an undisclosed location, bringing this shameful chapter to a close.]

In an odd sequel to the Boston bombing, the family of Tamerlan Tsarnaev wants him to be buried according to Muslim custom but it turns out that cemeteries are refusing to allow the body to be buried in their plots. The funeral director Peter Stefan has tried four cemeteries in three different states and has been rejected by all of them. His family wants him to be buried in Massachusetts, where he lived the last decade. [Read more…]

US Congress in Marie Antoinette mode

The Daily Show turns its attention to how the US Congress can act fast when it wants to benefit itself. In this series of three short clips, the show looks at how quickly it moved to exempt the Federal Aviation Administration from the rules of the sequester so that they could recall air traffic controllers from their furloughs so that flight delays were eliminated just in time to let members of Congress go on their vacations. Meanwhile, much worthier programs where sequester cuts had harmed many people were left unchanged. [Read more…]

The declining importance of experience for president

It used to be, at least beginning around the second half of the twentieth century, that people ran for president after having paid their dues by spending some time in major elected office, such as governor or member of the US House and Senate. There were just two exceptions. Dwight Eisenhower was one but he was a special case. Jimmy Carter was the other, becoming president after serving just one term as governor of Georgia. [Read more…]

It is not just about who are, but also about what we do

In the wake of the Boston bombing, there has been the usual speculations of motivation. What could drive young people to willfully harm innocent people? I have been harshly critical of media personalities and pundits who often fail to see the bigger picture and plaintively wail about how the US is attacked because of irrational hatred of our values, our freedom, or our lifestyle. [Read more…]