The Great Gray Bridge – Page 104 – Spanning urban life, books, music, culture, current events

Tax Fairness High on the President’s List & a Video on Mitt’s Offshore Accounts

July 8, 2012/0 Comments/in Media, Blogging, Internet /by Philip Turner

Greg Sargent is reporting in his Morning Round-up on the Plum Line that President Obama will today reiterate his intention to end the Bush-era tax cuts on affluent people making more than $250,000 annually. To be precise, the reversion to higher rates, those that prevailed in the 90s when the economy did much better than in the 2000s, would actually apply only to that portion of their income above $250K, not on the amount below it. This fact won’t quell the outcry from the right-wing who are already claiming it’s a tax hike on small businesses, but that’s just rhetoric. As Sargent explains, the key point of tax fairness is one that the president will be campaigning on through the fall, offering potent contrast with Mitt Romney’s stated policies, and to Mitt’s own taxes. The Obama campaign will also use the issue to highlight the Republican candidate’s stunning lack of transparency about his finances, and the rate at which he pays taxes.

In this same vein, be sure to read Paul Krugman’s column today, Mitt’s Gray Areas, where as Sargent observes,

“Romney’s refusal to be transparent about his own finances suggests he doesn’t want to reveal the extent to which he would personally benefit from the policies he’s advocating, because so doing would be deeply damaging.”

Meantime, on my tumblr I’ve posted a new video from the Obama campaign, asking key questions about Mitt Romney’s offshore investments, including Sankaty High Yield Assets, the fund he transferred to his wife in 2003, the day before he was sworn in as MA governor. For convenience, the video is also right here. Share it around if you like, as Mitt’s offshore holdings bear a lot more scrutiny. Clearly, the Obama campaign is hoping that the media will continue reporting on Mitt’s opaque finances, with many unanswered questions about his investments and holdings.

Annals of Urban Wildlife–Meeting a Skunk in the City (or a Sturgeon)

July 7, 2012/3 Comments/in Urban Life & New York City /by Philip Turner

Update: A day or two after my encounter with the skunk chronicled below, I read of a wild urban encounter involving my friend, CBC Radio host and author Grant Lawrence. In the coastal waters washing around Vancouver, B.C., where he lives, he saw a huge, prehistoric-looking fish whose presence in water he had been about to swim in alarmed him and a young nephew until they determined that the marine creature was actually dead. He took the photo shown here and sent it out on Twitter, crowd-sourcing identification of it. Grant’s discovery turns out to have been a sturgeon, the world’s largest freshwater fish. This one was seven or eight feet long, as shown in Grant’s amazing picture. Now, a local paper has written up the account in full, which I invite you to read at this link. Not so coincidentally, this summer Grant is hosting CBC Radio’s The Wild Side, all about encounters with creatures and the wilderness. As Grant’s discovery shows, and even mine with the little skunk, our cities are also the scene for brushes with the wild side.
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I ride my bicycle nearly every day in New York City, even during this current heat wave. Biking is my preferred form of exercise, and has been for years, going back to my days at Franconia College, near Franconia Notch, New Hampshire, when I rode all over the White Mountains. I was never in better shape than in those years.

New York City doesn’t offer quite as many topographical challenges as the North Country but I get my miles in every week, and there are some lovely spots to ride in the city. Some days I ride on the Central Park loop that goes around the perimeter of the big park; other days I pedal along the Hudson River on Manhattan’s west side, all the way up to the George Washington Bridge, where readers of this blog may recall the Little Red Lighthouse resides under the Great Gray Bridge, which I wrote about in a foundational post, How This Blog Got its Name.

Today I was on the west side but in the 95 degree heat, I took a reading break at what are called the Harlem West Piers, about even with 125th Street, near the uptown branch of the Fairway market. Sitting on a bench, I read three engrossing chapters in the spy novel I’m currently enjoying, The Double Game by Dan Fesperman, which I’d made my #FridayReads yesterday. Looking at my watch I finally decided it was time to head home, so picked up my cell to let my wife know. As our phone at home began to ring, I was startled to see a creature stirring in the shrubbery and bushes just near my bench. I thought at first, ‘a rat,’ since they are common sights in New York these days. But, no, the coloring was wrong. When it emerged from the bushes, I could see it was black & white, and I said to Kyle just as she answered the phone, “Holy shit, I see a skunk!” She was taken aback, and I quietly explained what was in front of me. Neither of was completely shocked, as we have occasionally detected a skunk-like odor that wafts up from Riverside Park at night, though we were never certain that’s what we were smelling. I quickly added that I’d soon be heading home and ended the call so I could pull out my IPod-Touch and take some pictures of the sleek little creature.

I observed that it was almost certainly immature in growth, though not a pup, or whatever baby skunks are called. It seemed unafraid of me and there was not a moment where I thought it was riled up or likely to spray or, even run away from my observance of it. I took quite a few pictures and followed it as it crept along the path in front of the fence. Once it disappeared into the shrubs, I prepared to strap on my helmet and ride away, but saw a Parks Dept. worker nearby. This is a very well-maintained park so I walked over and asked her if it was known to her and her colleagues that skunks are living right here in front of the river. She blanched a bit and said, “You saw what? Oh, no the landscaper is going to be here tomorrow and we’re supposed to work in those beds. I’m so glad you told me, I don’t want to be stirring up any angry skunks!” I explained to her that it had been a young one I’d seen, and that it didn’t appear to have been made at all nervous by being near me. She was glad of that, but mentioned there must be more than just the one. Her name was Penny Hyman and I gave her my card which I’d been using a bookmark in my novel, as she said her supervisor might want to see my photos of the little creature. For you, my dear readers, here are several of those pictures, proof that I had a close encounter with a surprising example of Manhattan wildlife. All this goes to show, you never know what may happen when you leave your house for some exercise and quiet reading time.

Rachel Sklar, Changing the Ratio one Mind at a Time

July 7, 2012/1 Comment/in Media, Blogging, Internet, Technology, Science & Computers /by Philip Turner

I admire Rachel Sklar’s Change the Ratio initiative, from which she advocates for a more equitable proportion of women in tech fields, and now want to recommend this column of hers about the recent list of major tech influencers from Newsweek/Daily Beast that unaccountably managed to identify only 7 women listed out of 100 total standouts. To the credit of Newsweek/Daily Beast they solicited Rachel’s critique and are running it in their own pages, but the lingering question is, “Why does this list skew list so heavily toward men?”

Rachel’s analysis makes clear that the answer to that question goes well beyond what simply happened in this one instance. She offers many women candidates who could have been included and closes her piece on an admonitory note,

“ Next year, please don’t make me write this article again.”

H/t Andrew Rasiej of Personal Democracy Forum for his editorial in TechPresident, “Let’s Change the Ration Once and For All,” which first brought Rachel’s column to my attention.

#FridayReads, July 6–“The Double Game,” Dan Fesperman

July 6, 2012/3 Comments/in Books & Writing /by Philip Turner

#FridayReads, July 6–Reading a galley of “The Double Game,” Dan Fesperman’s terrific homage to spy fiction, a Knopf novel coming late August. Terrific dialogue, characters, and use of dozens of classic espionage books as clues and plot points. Sonny Mehta’s letter on the back is right: “For anyone who loves a good spy thriller–and who has loved them for years–this will be a treat.”

A Jet-Ski Vacation

July 6, 2012/1 Comment/in Personal History, Family, Friends, Education, Travels /by Philip Turner

Fresh off revelations in Vanity Fair and on the AP wire that Ann Romney had become the sole owner of an opaque investment vehicle called Sankaty High Yield Assets the day before her husband was sworn in as governor of Massachusetts in 2003, the candidate’s wife gave a rather bizarre interview on CBS TV Thursday morning. Over at my Great Gray Bridge tumblr, I’ve posted commentary on this with the ridiculous photo of Ann and Mitt Romney jet-skiing around their lakefront vacation home earlier this week.

I should add that Ann Romney, though reputed to be an electoral asset for her husband, has hit a few bumps along the campaign trail:

There’s her lordly and expensive sport of dressage, which I posted about in 2011;
On that matter of Sankaty High Yield Assets, she was Mitt’s sole beneficiary for the fund which for unknown reasons he transferred to her under the wire before taking the governor’s office. He then failed for years afterward to report it on his federal elections filings, as he was required to do, according to those Vanity Fair and AP stories.

Mitt’s Most Secret Offshore Investment

July 4, 2012/2 Comments/in Media, Blogging, Internet /by Philip Turner

First in Vanity Fair by Nicholas Shaxson and now today via AP staff reporters, journos are digging into Mitt’s most secret offshore investment, Sankaty High Yield Asset Investors Ltd., registered in Bermuda. From the AP, we now know at a minimum that he failed to report Sankaty in required filings when he held office in Massaschusetts, and that he may still be making money from it. Romney’s finances are held in many opaque vehicles.

Sankaty was transferred to a trust owned by Romney’s wife, Ann, one day before he was sworn in as Massachusetts governor in 2003, according to Bermuda records obtained by The Associated Press. The Romneys’ ownership of the offshore firm did not appear on any state or federal financial reports during Romney’s two presidential campaigns. Only the Romneys’ 2010 tax records, released under political pressure earlier this year, confirmed their continuing control of the company. . . .

Romney’s 2010 tax returns show him and his wife as sole owners of Sankaty. . . .

The candidate’s 2010 tax returns listed at least 20 investment holdings besides Sankaty that had not been previously disclosed on federal reports. At least seven were foreign investments. Bain Capital Inc., the holding that posted the $1.9 million earning, was listed on Romney’s state ethics reports in 2001 and 2002, when he ran for governor, but was missing from any annual ethics report until Romney’s trust included it last month on his 2012 financial statement. Sankaty is the only offshore holding in the Romneys’ portfolio under their full control. On his 2010 taxes, Romney’s blind trust filed an IRS form identifying Sankaty as a “controlled foreign corporation.” That filing is required for any U.S. taxpayer who owns more than 50% of a foreign company. Romney’s 2010 tax returns indicate that he and his wife control all 12,000 shares. Several U.S. Securities and Exchange documents from the late 1990s and 2000s depicted Romney as Sankaty’s owner at the time, but when he ran for Massachusetts governor in 2001 and 2002, Romney did not list the company on annual disclosure forms required by the Massachusetts State Ethics Commission. The ethics commission would not comment on the omissions. Boston College law professor R. Michael Cassidy, who was a member of the commission at the time, said that if Romney “owned this business before he signed his ethics disclosure, then he was obliged to report it.”

Dan Froomkin on Patrick Fitzgerald’s Legacy as a Federal Prosecutor

July 4, 2012/7 Comments/in Media, Blogging, Internet, Personal History, Family, Friends, Education, Travels, Philip Turner's Books & Writing /by Philip Turner

Dan Froomkin, Senior Washington DC Correspondent for Huffington Post, has long been one of my favorite news aggregators and commentators. I first got to know his work in the early 2000s, when he wrote and edited the must-read, “White House Watch” at washingtonpost.com. WHW was a daily news digest entirely made up of news about the Bush White House, with Dan’s pithy commentaries about the stories he selected for his readers. I used to wait avidly each day until mid-morning when each new column would appear online. If I had a lunch date I had run to, I would print out the pages and take them with me on the subway.

This is Dan’s awesome archive of all the WHW columns he did–plus all the live chats he did–before his employment at the Post was ended in January 2009, one of the worst decisions, among many bad calls, that that newspaper made in the 2000s.

I got to know Dan personally shortly after I began working with Ambassador Joseph Wilson on the manuscript that would become his 2004 book The Politics of Truth: Inside the Lies that Led to War and Betrayed My Wife’s CIA Identity.* Dan and I haven’t been in touch the past few years, but I continue to enjoy reading him.

Yesterday Dan published a provocative column in which he laments the fact that federal prosecutor Patrick Fitzgerald only charged VP Cheney’s Chief of Staff Scooter Libby for obstruction of justice in the disclosure of Valerie Plame’s CIA identity, ultimately choosing to not put Karl Rove and/or Dick Cheney on trial. Froomkin reminds readers that

“Fitzgerald was appointed as a special prosecutor in late 2003 to investigate the July 2003 leak of Plame’s identity, which came during a White House effort to discredit her husband, former U.S. Ambassador Joe Wilson [who] was trying to expose how the administration had twisted intelligence to make its case for the war in Iraq, launched a few months earlier, and the White House was desperate to prevent that narrative from establishing itself before the 2004 elections. The evidence that came out at trial clearly established that Cheney was the first person to tell Libby about Plame’s identity and that Cheney wrote talking points that likely prompted Libby and others to raise Plame’s role with reporters.”

As is often the case with prosecutors, his decision may have come down to a calculation of what he could prove at trial, and what a jury would accept, beyond a reasonable doubt:

“In a subsequent court filing, Fitzgerald wrote that ‘there was reason to believe’ the leak had been coordinated by Cheney and that the vice president may have had a role in the cover-up. ‘When the investigation began, Mr. Libby kept the vice president apprised of his shifting accounts of how he claimed to have learned about Ms. Wilson’s CIA employment,’ Fitzgerald wrote. But Cheney was never charged. ‘I think the chances of it being a show trial and losing really weighed heavily on him, in terms of the political fallout,’ said Michael Genovese, director of Loyola Marymount University’s Institute for Leadership Studies.

Froomkin goes on to point out,

“For reasons he has never publicly explained, Fitzgerald ultimately chose not to indict Rove either for the leak or for obstruction of justice. While much could have been gleaned from key investigative documents requested by a congressional committee, the Bush White House wouldn’t let Fitzgerald release them.

Dan gives the last word in his column to one of the reporters who was most dogged about this case, Marcy Wheeler, whose commentary and reporting was then at firedoglake and can nowadays be found at Empty Wheel.

“Wheeler. . . one of the foremost chroniclers of the Libby trial, said Fitzgerald’s investigation didn’t go far enough. ‘The FBI agents believed that they had the case against Rove nailed down,’ Wheeler said. And Fitzgerald ‘actually had Dick Cheney in his teeth.’”

When Fitzgerald recently announced that he’s retiring from the corps of federal prosecutors, I expected to see postmortems of his career, though Froomkin’s is the first I’ve read. It seems that the last decade is already dim and distant in Americans’ memory, and in the minds of members of the media, even though so much of what happened in the terrible Bush years still hangs over us like a black cloud. What I’d really love to read, or even better edit, would be a manuscript by Fitzgerald, though I fear that’s unlikely from this career government lawyer, generally known for his circumspect nature. Still, he did let it all–or nearly all–hang out in one public statement about Cheney’s role in the Plame matter. Quoted here by Froomkin,

“In his closing arguments in the Libby case, Fitzgerald famously declared: ‘There is a cloud over what the vice president did that week. … That cloud remains because the defendant has obstructed justice and lied about what happened.’”

*Along with Wilson’s book, which became in part the basis for the movie, “Fair Game,” I also brought out the book The United States v. I. Lewis Libby, edited and with reporting by Murray Waas, the only published transcript of Scooter Libby’s trial. I recommend it along with Wilson’s book, and former Bush press secretary Scott McClellan’s What Happened: Inside the Bush White House and Washington’s Culture of Deception.

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“Romney’s refusal to be transparent about his own finances suggests he doesn’t want to reveal the extent to which he would personally benefit from the policies he’s advocating, because so doing would be deeply damaging.”

“ Next year, please don’t make me write this article again.”

Romney’s 2010 tax returns show him and his wife as sole owners of Sankaty. . . .

“Wheeler. . . one of the foremost chroniclers of the Libby trial, said Fitzgerald’s investigation didn’t go far enough. ‘The FBI agents believed that they had the case against Rove nailed down,’ Wheeler said. And Fitzgerald ‘actually had Dick Cheney in his teeth.’”

“In his closing arguments in the Libby case, Fitzgerald famously declared: ‘There is a cloud over what the vice president did that week. … That cloud remains because the defendant has obstructed justice and lied about what happened.’”

“ Next year, please don’t make me write this article again.”