Archive for 2011

TRANSPARENCY: House GOPers losing patience with Obama stall on Solyndra loan guarantee documents. “A House Energy and Commerce Committee subcommittee months ago asked President Obama’s Office of Management and Budget for documents concerning a $335 million federal loan guarantee given to a politically correct clean energy firm. Some of the documents were provided, but many more have been withheld without explanation. Making matters worse, Jack Lew, Obama’s OMB Director, failed to clear the way for the key official within his agency on the loan guarantee – OMB deputy director Jeffrey Zients – to testify before the subcommittee to explain why the documents had not been provided. So committee leaders are now preparing to consider issuing a subpoena.”

BILL TO REVERSE INCANDESCENT BULB BAN fails in House.

There’s still time to stock up!

UPDATE: Reader Kim Sommer emails: “I predicted the outcome to you a few weeks ago on how the vote would go. And have been stocking up regularly.”

THE IRS BACKS OFF ON ATTACKING POLITICAL DONORS — temporarily. “Whoever gets credit for this delightful interlude, the effect of the investigation was to make an example of high-dollar donors and discourage political speech. By leaving open the possibility of future investigations, the IRS has also left a lingering atmosphere of uncertainty among current donors. We doubt that’s unintended.”

GOOGLE SEEKS IMMEDIATE REVIEW of Street View wiretap decision:

Google is demanding a federal judge grant it permission to appeal a decision that approved a federal wiretapping lawsuit over its interception of unencrypted Wi-Fi traffic.

The Mountain View, California, media giant responded late Friday to a Silicon Valley federal judge’s June 29 decision in nearly a dozen combined lawsuits seeking damages from Google for eavesdropping on open, unencrypted Wi-Fi networks from its Street View mapping cars. The vehicles, which rolled through neighborhoods across the country, were equipped with Wi-Fi–sniffing hardware to record the names and MAC addresses of routers to improve Google location-specific services. But the cars also secretly gathered snippets of Americans’ data.

Google claims it is was not a breach of the Wiretap Act to intercept data from unencrypted, or non-password-protected Wi-Fi networks. Google said open Wi-Fi networks are akin to “radio communications” like AM/FM radio, citizens’ band and police and fire bands, and are “readily accessible” to the general public — a position rejected by U.S. District Judge James Ware.

More at the link.

A HOUSING BUBBLE, A HIGHER EDUCATION BUBBLE, AND NOW . . . A BURGER BUBBLE? “Michelle Obama invested heavily in burgers. I’m thinking it’s time to short them.”

OBAMA: PASS MY DEBT CEILING OR I’LL STARVE GRANDMA.

UPDATE: Reader David Gulliver emails: “They told me if I voted for John McCain . . . the President would stop paying social security to our most vulnerable elderly and disabled Americans – and they were right!”

Related: The U.S. Treasury Will Not Default If Debt Ceiling Isn’t Raised: “I’m afraid Secretary Geithner and others in government are doing the moral equivalent of yelling ‘Fire!’ in a crowded theater and they are doing so for political reasons rather than financial reasons. . . . If we do not raise the debt ceiling by August 2nd, we will not default on Treasury obligations. Nor, will we have trouble making Social Security payments.” Unless the President orders them stopped. Though it’s not clear that Treasury can stop.

Plus, an open thread on debt-ceiling bargaining.