It's about damn time, The Ken. What's taken so long? Not interested in hanging out with Bernie Maddoff for an eternity, eh?
In a stunning reversal, Bank of Americas board has voted to reveal the legal advice that the bank received late last year about its merger with Merrill Lynch, according to three people briefed on the matter.With a stroke of a pen, the banks decision will remove a stumbling block in a wide range of cases. The documents may exonerate bank executives, like its retiring chief, Kenneth D. Lewis, or may provide the evidence that some investigators are seeking to lay blame at individuals feet.
The banks decision was prompted by a series of conversations over the last two weeks with the office of New Yorks attorney general, Andrew M. Cuomo, who had threatened to charge individual Bank of America executives including Mr. Lewis with wrongdoing, the people briefed on the matter said. The bank also faced a deadline this week to provide a log of its private legal documents to a House committee.
The legal and public relations cost of the banks merger with Merrill Lynch, conceived in the heat of the financial crisis last fall, have threatened to overwhelm most of the benefits from the merger.
At their core, the investigations center on why the bank kept key information about Merrills bonuses or its losses secret from its shareholders.
Read the entire New York Times article here.
"This is straight-up capitalism. Chi-chi-BOOM."
Thursday is Blog Action Day.
What the hell is that? Glad you asked ...
Blog Action Day is an annual event aimed at uniting the world's bloggers in posting about the same issue on the same day. Their goal: To raise awareness and trigger a global discussion.
This year's topic? Climate Change.
So far, almost 6,000 blogs are registered from 126 countries. Change.org, the event's sponsor, estimates the group's blog posts will reach nearly 11,000,000 readers.
In case you're wondering: Here's a list of participants and here's a list of sponsors.
If you decide to participate, make sure you tweet your posts with this hashtag: #BAD09.
Don't want to blog, but still feel the need to be heard? Here's a list the group compiled to help you get started.
Now, here's Blog Action Day is all about:
First and last, the purpose of Blog Action Day is to create a discussion. We ask bloggers to take a single day out of their schedule and focus it on an important issue.By doing so on the same day, the blogging community effectively changes the conversation on the web and focuses audiences around the globe on that issue.
Out of this discussion naturally flow ideas, advice, plans, and action. In 2007 on the theme of the Environment, we saw bloggers running environmental experiments, detailing innovative ideas on creating sustainable practices, and focusing their audience's attention on organizations and companies promoting green agendas. In 2008 we covered the theme of Poverty, and similarly focused the blogging community's energies around discussing the wide breadth of the issue from many perspectives and identifying innovative and unexpected solutions. This year we aim to do the same for Climate Change, an issue that threatens us all.
From the smallest online journals to huge online magazines, Blog Action Day is about mass participation. Anyone is free to join in on Blog Action Day and there is no limit on the number of posts, the type of posts or the direction of thoughts and opinions.
Here are the five best events going down in Charlotte and the surrounding area today, Oct. 13, 2009 as selected by the folks at Creative Loafing.
Sordid Lives at Duke Energy Theatre
Insane Clown Posse at Amos' Southend
Trivia Night at Lebowski's Grill & Pub
Tone X and Friends at Skandalos
Comedian DS at Lake Norman Comedy Zone
As the headline suggests, here are a few of the best places to find comedy events in Charlotte from stand-up to improv to sketch comedy and more. For a complete listing of all comedy visit www.CharlotteComedyLIVE.com.
Monday, Oct. 12
* Careless Open Mic Stand-Up Open Mic at 9:30 p.m. (doors at 8 p.m.)
The Apostrophe Lounge in Charlotte's SouthEnd opens its doors for this stand-up open mic.
Aposotrophe Lounge ~ 1440 S. Tryon St. ~ No cover
Tuesday, Oct. 13
* Stand-Up Comedy at The Lake Norman Comedy Zone at 7 p.m.
Nationally touring headliner DS.
Galway Hooker ~ 7044 Kenton Dr., Cornelius ~ 704-895-1782 ~ $20.
* Taboo Tuesday Stand-up Open Mic at 9 p.m.
Stand-up Comedy Open Mic. This show is Rated R. No content or language restrictions. Comics, last call for sign-up is at 9:30 p.m. All comics get five minutes.
SK Net Café ~ 1425 Elizabeth Ave.~ $2
* Tone X and Friends at 9:30 p.m.
Tone X and Chris Robinson host.
Skandalos ~ 5317 E. Independence Blvd.
Thursday, Oct. 15
* Robot Johnson Sketch Comedy at 10 p.m.
Good humor by bad people. Check out Charlotte's premiere sketch comedy troupe.
Actor's Theatre of Charlotte~ 650 E. Stonewall St. ~ $10
Friday, Oct. 16
* Stand-up Comedy at Alive in NoDa at 8 p.m.
Stand-up comedy with nationally touring comedians DS with Eric Counts.
Alive ~ 2909 N. Davidson St.~ Reservations 704-930-2200 ~ $15
* Charlotte Comedy Theater Improv at 8:00 PM
Short form shows similar to Who's Line Is It Anyway?
Prevue ~ 2909 N. Davidson St., Charlotte, NC 28205 ~ $10
Saturday, Oct. 17
* Kathy Griffin at Ovens Auditorium at 8 p.m.
Ovens Auditorium ~ 2700 East Independence Blvd. ~ $50
* Stand-up Comedy at Alive in NoDa at 8 p.m.
Stand-up comedy with nationally touring comedians DS with Eric Counts.
Alive ~ 2909 N. Davidson St.~ Reservations 704-930-2200 ~$15
* Charlotte Comedy Theater Improv at 8 p.m.
Chicago-style long form.
Prevue ~ 2909 N. Davidson St.~ $10
* Talking Baby with Robot Johnson Sketch Comedy at 10 p.m.
Good humor by bad people. Check out Charlotte's premiere sketch comedy troupe as they revive Talking Baby of MTV fame.
Actor's Theatre of Charlotte ~ 650 E. Stonewall St. ~ $10
To join Debbies mailing list (just one e-mail a week, I promise), e-mail DebbieMillwater@Gmail.com with the Subject Line Subscribe.
You read right, Sen. Lindsey Graham, a Republican from our sister state, is not only planning to vote for climate change legislation, he's helping to draft it. No shit.
Why? Because the EPA's Administrator, Lisa Jackson, has proven that she's serious about moving on with climate change regulation -- with or without Congress. They can either get on board, or let her call the shots.
U.S. Sen. Lindsey Graham of South Carolina broke ranks with Republicans on Sunday, announcing that he is working with a Democratic colleague on climate change legislation.Graham co-authored an op-ed in The New York Times with Sen. John Kerry of Massachusetts that said they believe they have found a framework for climate legislation that can pass Congress, despite conventional wisdom to the contrary.
The senators warned that if Congress doesnt act, the Obama administration will use the Environmental Protection Agency to impose new regulations that would likely be tougher and lack job protections.
Graham and Kerry called for an aggressive reduction of carbon gases, financial incentives for clean coal, a streamlined permit process for nuclear power plants and a border tax on items produced in countries that dont accept environmental standards.
They would minimize the impact on major emitters through a market-based system that would give them time to comply with carbon-gas reductions.
The South Carolina Small Business Chamber of Commerce threw its support behind Graham, saying his leadership on climate change is critical for success.
Chamber President Frank Knapp Jr. warned that rising sea levels due to global warming could hurt the states tourism industry, destroying beaches and barrier islands.
He said that EPA action would result in higher energy costs without the benefits of investments and regulatory changes protecting jobs.
Further reading: Climate Roulette
The legal drama behind the Chris Rock documentary about African American hair continues.
Good Hair opened in limited release Friday and has made $1 million dollars so far, but filmmaker Regina Kimball says don't believe the hype. The movie is her idea and Rock stole it.
According to a release from Kimball, the suit continues:
On Thursday, Federal District Court Judge Dale S. Fischer ordered a hearing on whether defendants should be blocked from releasing Chris Rock's "Good Hair," which is slated for nationwide release on Oct. 23. The judge set the hearing date for Oct. 19.
The plaintiff in the case, Regina Kimbell, producer of the film "My Nappy Roots, alleges that Rock did not tell her that he had a deal with HBO to produce a film about Black hair when he asked to see her film. In court papers, her claim is supported by her co-producer who was present at the screening where Rock has admitted he saw her film.
In court documents submitted under oath last week, Rock claimed that he could not recall whether he told Kimbell before or after the screening about his deal with HBO. However, in an interview with www.ifc.com on Friday, he changed his tune and now claims that he told Kimbell of his HBO deal before the screening.
According to Kimbell's attorney Reginald K. Brown, "This just doesn't make sense.
Why would Mrs. Kimbell knowingly screen her unreleased film for another filmmaker with distribution for a similar film?"
Though Kimbell's reps are saying the suit continues, other media outlets are reporting that the suit was tossed on Friday.
The war about the war was on during the weekend I mean the war over what to do about Afghanistan. On the Sunday talking head shows, in op-eds and guest columns, and in who-leaked-what stories in major newspapers, the Washington battle over Afghanistan policy was front and center. The Obama administration is studying all options in that part of the world, and word got out that the President is paying close attention to Vice President Joe Biden. The Veeps idea is to re-focus the fight, and attack al-Qaeda directly rather than slogging our way through a nation-building counterinsurgency that would take decades and hundreds of thousands of U.S. troops, with little chance of success. Bidens argument is twofold: one, the resources and lives it would take to build a workable Afghan state and keep the Taliban at bay, are much more than the U.S. public would tolerate. And two, the U.S. goal is to disrupt and hopefully destroy al-Qaeda, not the Taliban. Last week, the Washington Post ran a major story on the war, in which U.S. intelligence officials said there are few, if any, links between Taliban leaders in Afghanistan and senior al-Qaeda members. That revelation came on the heels of U.S. national security adviser James Jones assertion that al-Qaeda has fewer than 100 fighters operating in Afghanistan, and has neither the bases nor the ability to launch attacks on the West.
Well, thats all the bomb-our-problems-away crowd had to hear. Before you could say war hero, Sen. John McCain was on national TV, banging the war drums, demanding that Obama send in at least 40,000 new troops to Afghanistan and make it snappy, dammit. Sen. Lindsey I Heart McCain Graham pretty much said the same thing, and the FoxNews loons practically accused Obama of treason for taking the time to study the various reports thoroughly before making a decision. In addition, a group of pro-escalation intelligence operatives, State Dept. rebels, and military officials told McClatchy Newspapers that Obamas folks were ignoring the serious risks of scaling back U.S. war efforts in Afghanistan, and that the Taliban and al-Qaeda had many contacts, contradicting the national security adviser.
An insightful column yesterday by Frank Rich of the New York Times, put the Afghan conflict in context. Rich pointed out that the people who are calling for more troops today are the same crew that got us into the pointless Iraq war which, of course, led to attention being diverted from Afghanistan, which led, in turn, to the Talibans resurgence. As Rich says, now these same trigger-happy neo-cons, who made mistake after mistake after mistake in Iraq, have the nerve to demand that their views be taken seriously. Even more amazing is that the mainstream press fails to point out these Obama critics disastrous record when they were in power. Its increasingly clear that the neo-cons who brought disaster to our country are so locked into their war-at-any-cost thinking, its made them incapable of processing new information or making sound judgments. In some countries, people with the neo-cons record of failure would be imprisoned. We dont do that here, which is good, but we sure as hell shouldnt be listening to them repeat their fantasy-based views, either.
No, I don't think so. E-mail is becoming more efficient and Twitter is become more about PR campaigning.
Take the Daily Beast's news that Hollywood stars are taking classes to learn how to tweet, setting their lawyers loose on faux fan pages, and hiring staff members to tweet and post Facebook messages for them. That's about PR. That's also not what Twitter is, or was, about.
But, there's more: Try bitching about a national brand on Twitter. The chances that you'll hear back from the company are high -- not because they want to smooth your feathers, but because they are watching the Internets like Big Brother, ready to squash any hint of bad publicity.
Don't get me wrong, I like Twitter. I use Twitter. But, the fascination and addiction have faded. I'm sick of Twitter-spam and spending time blocking all of the twits whose profiles are either porn, self-help or marketing related. (Seriously, people, I can find my own porn, self-help and PR professionals without your dumb ass tweets leading the way. And, for chrissake, you are not a social media expert, no matter what your mother says.)
E-mail, on the other hand, is becoming my communication tool of choice. No, it's not as instantaneous, but it's also not the equivalent of a bull horn -- broadcasting your news and ideas to the unknown, or barely known, masses. (Yep. Made that mistake ... more than once. Lesson learned.)
Once upon a time, when e-mail was still novel, I, too, was guilty of sending too many joke messages and a variety of other e-mail sins. But, that's changed. I can't remember the last time I sent or received an e-mail joke or flamed an ass hat on a list-serve. And, perhaps, thanks to Twitter, I rarely ever feel the need to blather on and on in an electronic message anymore. I can pick up the phone for blathering.
E-mail messages are becoming more succinct and controllable. Twitter, on the other hand, is still living in the Internet's Wild Wild West. It's fun and good for connecting with people you might not have met otherwise, but it's also no e-mail replacement and it's way too wide open for many conversations. Plus, you loose track of who is listening in. That never happens with e-mail. Well, not usually anyway.
The Wall Street Journal, however, disagrees with my old fashioned use of technology. Though, their premise that e-mail users aren't always connected obviously came from someone daring to live without a smart phone. Moreover, the idea that someone sending you a tweet will make you feel so compelled to instantaneously respond you'll drop everything else to tweet back is complete bull.
I do the same thing with tweets that I do with archaic voice mail and elderly e-mail: I respond when I want to respond. Just because someone is overly attached to their electronics doesn't mean they hover over their devices every second of their lives waiting for someone to virtually pet them and remind them that they're known.
Sometimes, you know, people even do wacky things like go outside or read a book so they can disconnect from our always-on society.
Email has had a good run as king of communications. But its reign is over.In its place, a new generation of services is starting to take holdservices like Twitter and Facebook and countless others vying for a piece of the new world. And just as email did more than a decade ago, this shift promises to profoundly rewrite the way we communicatein ways we can only begin to imagine.
We all still use email, of course. But email was better suited to the way we used to use the Internetlogging off and on, checking our messages in bursts. Now, we are always connected, whether we are sitting at a desk or on a mobile phone. The always-on connection, in turn, has created a host of new ways to communicate that are much faster than email, and more fun.
Why wait for a response to an email when you get a quicker answer over instant messaging? Thanks to Facebook, some questions can be answered without asking them. You don't need to ask a friend whether she has left work, if she has updated her public "status" on the site telling the world so. Email, stuck in the era of attachments, seems boring compared to services like Google Wave, currently in test phase, which allows users to share photos by dragging and dropping them from a desktop into a Wave, and to enter comments in near real time.
Never forget that people online aren't always who they appear to be:
Remember the good ol' days, a year or two ago, when people would buy extra houses just so they could play landlord?
Take my suburban, middle class neighborhood in north west Charlotte: It has about 200 homes, all only five or six years old. Of those 200 homes, roughly a quarter of them are rental properties.
Let me tell you about just two of those rental properties, both a few doors down from my house. The owners of the homes have never, so far as the rest of the neighbors know, actually lived in Charlotte. One lives in Hawaii and the other in California. They pay a management company who-knows-how-much to make sure the lawn is cut, repairs are made and that a tenant always fills the space.
Sounds great, huh? Buy a house, sit back and let the money roll in. Sweet.
What the owners don't realize is the management company really doesn't do that great of a job taking care of the yard -- which looks like crap not only because it's not mowed regularly, but because the tenants park their cars on it. And, the people who live directly next door say the houses aren't all that well taken care of, either. No telling what the interior of the homes looks like.
Meh. The management company has to make a profit, too. It shouldn't be a huge surprise that they're cutting corners, this is America after all. No big deal, right? Wrong.
Our neighborhood, like many neighborhoods, has a homeowners association that makes rules and collects dues so that everyone who lives here can enjoy a nice, safe, well-kept place to live.
Not mowing your lawn? Against the rules. So is parking three cars on your lawn. But, being a jerk -- that's OK. The fact that their kids terrorize neighbors and the parents growl at everyone who waves at them is uncomfortable, but some people just don't want to get along. Can't do anything about that.
On the other side of the 'hood, however, there's a troubled young man who likes to do things like curse at neighbors walking their dogs, break into people's houses and, when he's feeling particularly frisky, steal cars. But, since he's a youth, he has yet to see the inside of a jail. Mom is admonished, the police give him a stern talking to and he's spent a little time in foster care.
Yeah, his family also rents from an absentee landlord.
Oh, and, good luck getting in touch with any of them. The impression the landlords leave with their houses' neighbors is that they could really care less about our community, so long as they're getting their monthly rent check.
The bigger problem is that the landlords are leading by example. If they don't follow the rules, why should anyone else? In fact, there are people in the townhomes -- at the front of the 'hood -- who are two years behind in their monthly dues.
The dues are supposed to pay for water, trash pick-up, landscaping and maintenance on things like the retaining pond, the roads and the swimming pool. The dues also cover things like new roofs for the town homes and other types of structural maintenance. When homeowners don't pay everyone else has to pick up the slack, which ultimately means the neighborhood has to scale back its future plans for improvement and the entire community suffers.
Lawyers have sent threatening letters, but the rouge tenants continue to not pay -- or care. Of course, why should they? The other people don't. And, besides, what's the homeowner's association going to do? Replace the roof on three out of four town homes? Try to convince the garbage collectors to leave their trash on the street? Won't happen. Can't happen.
The homeowners association is now starting to throw around the f-word for the slack due-payers: Foreclosure. No neighborhood wants more foreclosures.
So, yeah, I take issue with the news that the city council is going to back down from their commitment to require all landlords to register with local officials so they can be in touch in the case of an emergency (like a fire or a major crime) or when their management company or tenants decide to shun the neighborhood and it's rules.