Where Have All Our Leaders Gone?

WHERE HAVE ALL OUR LEADERS GONE?

Sung to the tune of “Where Have All the Flowers Gone?” with apologies to the estate of Pete Seeger, and Joe Hickerson.

Where have all our leaders gone?

Secretly scheming.

Where have all our leaders gone?

Plotting revenge.

Where have all our leaders gone?

Planting stories, every one.

Can we trust anything?

Can we trust anything?

Where has all the money gone?

Profits and patronage.

Where has all the money gone?

Honor among thieves.

Where has all the money gone?

Stimulus was two seconds of fun.

Aren’t we the guinea pigs?

Aren’t we the guinea pigs?

Where have all the candidates gone?

They’ve stopped campaigning.

Where have all the candidates gone?

They’re attorney-huddling.

Where have all the candidates gone?

No more substance from anyone.

Do we know anything?

Do we know anything?

Where have all our freedoms gone?

Fallen by the wayside.

Where have all our freedoms gone?

We don’t know.

Where have all our freedoms gone?

MORE SURPRISES IN STORE, SO HOLD ON.

ISN’T HISTORY CYCLICAL?

ISN’T HISTORY CYCLICAL?

Pertinent Post

“P” post.

Present pandemic’s politics produced:

  • propaganda
  • president-promotion
  • provisions-portioning predicaments
  • panic
  • profiteering
  • paranoia
  • patronage pigs
  • pissed, persecuted people
  • poseurs
  • puerile politicians (petty power plays)
  • pained physicians
  • problematic prescriptions
  • pressured paramedics
  • pestered practices
  • poor populations
  • plus, predictably:

POPPYCOCK.

BONUS POST

WHO’S GETTING PAID

Sung to the tune of “For What It’s Worth” with apologies to Buffalo Springfield.

There’s politics happening here.

The truth is nowhere near.

There’s a propagandist over there.

For what he says, I no longer care.

Isn’t it time we stop, drinking the Kool-Aid?

Everybody look– Who’s getting paid?

There’s been panic spread everywhere.

We’ll be totally oppressed if we don’t grow a pair.

Only the powerful can change their minds.

No apologies for covering their behinds.

Isn’t it time we stop, drinking the Kool-Aid?

Everybody look– Who’s getting paid?

Why haven’t the 60’s been brought to bear?

No one protesting anywhere.

People are too panicked not to obey.

They think they’ll get sick and need a hospital stay.

Isn’t it time we stop, drinking the Kool-Aid?

Everybody look– Who’s getting paid?

We think our freedoms are deep.

But we’re letting them go without a peep.

When anger reaches critical mass

The country will stop this Halloween nonsense and get back to work!

[Never mind the last choruses]

HISTORY WILL UNFOLD AS IT SHOULD.

Quarantineville – BONUS POST

Quarantineville

Sung to the tune of “Margaritaville” from Jimmy Buffett. Apologies to Jimmy Buffett.

Tuning in to Fox

watching the idiot box.

All of those talking heads repetitive as hell.

Trying to get some truth, amid all the political spoof.

What the story is, I really can’t tell.

Wasting away again in Quarantineville,

wondering why all things have come to a halt.

Some people claim that it’s Wuhan to blame,

but I know it’s nobody’s fault.

I know the reason– it’s election season.

Everything’s off and canceled and closed.

Now I have fears

it’s all EXPLOITERS AND PROFITEERS.

I hate to think how we’re all getting hosed.

Wasting away in Quarantineville,

wondering why all things have come to a halt.

Some people claim that it’s Wuhan to blame,

but I think, hell it could be THEIR fault.

Don’t want to pout,

but I can’t work, play or go out.

Might have to put my six-string in hock.

There’s no end in sight

to this horrible blight.

I personally think it’s all a big crock.

Wasting away again in Quarantineville,

wondering why all things have come to a halt.

Some people claim that it’s Wuhan to blame.

And I know it’s THEIR damn fault.

Yes and some people claim that it’s Wuhan to blame.

And I know it’s THEIR damn fault.

Killers of the Flower Moon / Heist

The First Book of the Week is “Killers of the Flower Moon, The Osage Murders and the Birth of the FBI” by David Grann, published in 2017. This volume described in suspenseful anecdotes– a political, social and cultural system suffused with evil– and it highlighted what happened to just one of countless families whose members were victims of the conspiracy.

In 1870, the Osage Native Americans were forced by light-skinned Americans to flee from their homeland in Kansas, to wasteland in northeastern Oklahoma. In 1893, the United States government’s Indian Affairs Department ordered that all children on the Osage reservation attend school. One consequence was that the young people in the area adopted the ways of the “white man.”

On September 16, 1893, the U.S. government shot a gun to kick off a land-grab. The Cherokee Outlet, territory bordering on the Osage’s that was bought by the U.S. government, was handed over to the Cherokees on a first-claimed via physical presence, first-owned basis.

About 42,000 members of the Cherokee nation waited on the border for days until the appointed time of the free-for-all. The fight for land ended in a massacre galore. The government didn’t bother to repeat the above process with the Osage reservation.

Yet, by the very early 1900’s, oil was discovered on the Osage’s land; this opened a Pandora’s box. In 1912, the Department of the Interior auctioned off the then-super-valuable parcels, to which the Osage had mineral rights. The Osage became millionaires overnight, paid royalties by the oil barons.

The local (white) politicians of the oil-rich lands stuck like leeches to the Osage residents, under the guise of regulating commerce. They deemed that (white) guardians of the property be appointed for full-blooded Osage people, as the Native Americans weren’t sufficiently educated or competent to manage their own money. Unsurprisingly, the guardians were thieves and worse.

Read the book to learn about a statistics-defying (but not uncommon among the Osage) rash of deaths (by poisonings, shootings and explosives) that occurred in one Osage family due to the “system” and the growing-pains the Wild West experienced as it evolved into a civilized, law-abiding society with the help of a national law enforcement organization now known as the FBI.

A more recent example of exploitation of Native Americans was described in the Second Book of the Week, “Heist, Superlobbyist Jack Abramoff, His Republican Allies, and the Buying of Washington” by Peter H. Stone, published in 2006. Yet again, the hypothetical board game “Survival Roulette” could be applied to this scandal: Native American Exploitation Edition (See “Highly Confident” post).

There have been countless ultimate winners of this game through the centuries: all the people never caught for committing crimes against Native Americans. The vast majority have gone unpunished, including several people mentioned in the book, whose names have already faded from the public’s memory.

However, the most famous hypothetical losers of the game in this book were lobbyists Jack Abramoff and Michael Scanlon, and Congressman Tom DeLay. Instead of a Monopoly board, in keeping with the casino theme, the central structure of the game could be an actual roulette wheel, whose ball could land on spaces that describe the financial crimes of: bribery, money laundering, fraud, disclosure failures and influence peddling. Plus tax evasion. Just for good measure.

In short, with Abramoff as the ringleader, during the course of three years, the gang milked six Native American tribes for $82 million– that paid for political bribes, funding for a school, lavish gifts, and entertainment and recreation expenses– disguised as lobbying and public relations services on behalf of the tribes.

In this slim volume, the author dispensed with suspense by revealing up front that, when they got caught, Abramoff and his sidekick Scanlon accepted plea deals for their unethical opportunism, unconscionable greed and unmitigated hubris. The author then failed to explain why the Texas state government closed a casino run by the Tigua Indians in February 2002, but did explain later on.

Nevertheless, the story thereafter unfolded in more or less chronological order, starting with backstory from the 1990’s. The Tigua casino actually stayed closed, despite Abramoff’s fat fee, part of which he circuitously funneled through nonprofit organizations that ended up as political donations, and paid for a luxurious golf vacation in the United Kingdom for himself and his cronies.

Abramoff’s shamelessness knew no bounds. He had his friends, in order to service one of his tribal clients, marshal support from the likes of the Christian Coalition to convince the U.S. government that gambling was against their religion, and a reason to close the Tigua casino. At the same, he was lobbying on behalf of the Tiguas through illegal means, to reopen the casino (!) For that, he made megabucks from both sides.

Abramoff also helped to quash legislation that would have taxed his Choctaw client, and would have imposed tougher labor laws on his offshore client that manufactured clothing in the Marianas.

Kevin Sickey, who represented an Indian tribe that hired Abramoff, described the lobbyist’s propaganda thusly: “They exaggerated political threats and they exaggerated economic threats. Then they exaggerated their ability to deal with threats.”

Read the book to learn what led to the start of investigations by the Senate Indian Affairs Committee and the Justice Department; Abramoff’s and Scanlon’s early-career adventures; and details of their and others’ punishments, among other nothing-new-under-the-sun type political opportunism, greed and hubris.

As an aside, the dollar value of political wrongdoing has reached dizzying heights in the past few decades, and it has been the same kind of wrongdoing, over and over again– committed mostly by alpha males. People who have an insatiable need for power and money apparently never learn from others whose stories have been well-publicized!


Highly Confident

The Book of the Week is “Highly Confident, The Crime and Punishment of Michael Milken” by Jesse Kornbluth, published in 1992. This volume described a situation that lends itself to the hypothetical board game “Survival Roulette: Wall Street Edition” (See “Blind Ambition” post).

There have been countless ultimate winners of this game through the decades: all the people never caught for securities-industry crimes. A million lawbreakers a day go unpunished. That doesn’t mean the crimes didn’t happen.

However, the most famous hypothetical losers of the game in this book were Ivan Boesky (an independent bond trader in New York) and Michael Milken (bond-trading executive at Drexel Burnham Lambert in Los Angeles). Other losers could include Dennis Kozlowski, Bernie Ebbers, Kenneth Lay, Steve Jobs and Richard Scrushy.

The board spaces could include Go To Jail (of course), and describe the financial crimes of: insider trading, Free Parking (or “stock parking”), disclosure failures, material misstatements, accounting irregularities, re-pricing stock options, and fraudulent conveyance, but also specific actions of conscience-salving philanthropy in which Milken engaged– such as throwing money at cancer research, and volunteering to teach math to nine and ten year-olds.

In August 1986, the U.S. Attorney’s Office of the Southern District of New York began an investigation into Securities and Exchange Commission (SEC) violations in the bond industry. By October 1986, the head federal prosecutor there, Rudolph Giuliani, was taping phone calls between Boesky and Milken. This, because Boesky had immediately accepted a plea deal to turn state’s evidence in exchange for a slap-on-the-wrist, country-club jail sentence. Boesky was one of the game’s lesser losers, to be sure. He was the king of lying, cheating and stealing.

Milken was a creative workaholic math genius whose meteoric career-rise allowed him to head an entire bond-research department in his mid-twenties. But he had zero ability for honest introspection.

Milken was a master at controlling his environment and other people, but he deceived himself about his “breaking the rules of the game” in his industry. He thought he was helping people all the time, but didn’t see how others were indirectly hurt by his actions. This kind of hubris syndrome is not uncommon in alpha males.

In 1978, Milken initiated the push to have Drexel underwrite junk-bond deals that financed hostile corporate takeovers. This wasn’t illegal in itself, but Boesky persistently badgered Milken until, by the early 1980’s, the latter was eventually manipulated into breaking the law.

Milken had a history of selfless philanthropy, yet his business actions gave rise to obscenely high fees made by his employer, an obscenely high income for himself, and crushing debt load for his clients. This led to extremely adverse financial and social consequences for thousands upon thousands of laid-off American employees of merged companies, subjected to disrupted lives and untold stresses.

The mood of the securities industry could be described thusly: “… with the election of Ronald Reagan… All that mattered was an ability to make money — without concern for risk, without regard for regulation.”

The investigation and resulting plea deals had the law enforcement agencies patting themselves on the back for convincing the perpetrators (other than Milken and Boesky) to implicate others, but the immunity deals the perpetrators got were a joke, considering that they themselves had serious credibility problems, and serious violations. It was a kangaroo court.

Nonetheless, the following parties launched investigations: Drexel and its attorneys, Milken and his attorneys, the U.S. Attorney’s Office, and the SEC. Those last two, of course, engaged in fierce rivalry. By September 1991, there was an orgy of litigation against Milken. The roll call involved fifty-eight lawyers (!)

Around the same time, Wedtech was another 1980’s scandal borne of out-of-control greed. In that case, a personal injury attorney generated billing documents that purported to show charges for legal services, that were actually for lobbying. Wedtech’s executives bribed politicians for the purpose of influence peddling, and swindled shareholders. This kind of crime is not uncommon.

Along these lines, if, for instance, a real-estate mogul declared business bankruptcy repeatedly throughout his business career, why did investors trust him with their money again and again and again and again and again?? Perhaps there was influence peddling. The politicians were his puppets who eventually passed legislation favorable to them all. It was worth it to them to risk losing all their chump-change investment to get access to future (much more) profitable contacts and politicians who did their will.

Anyway, Milken hired a team of lawyers who were the cream of the crop of Northeastern elitists. Yet, unfortunately for him, the media and law enforcement made him the poster-boy / scapegoat for the greed of the 1980’s.

Ben Stein, a wannabe Hollywood writer, was, according to the author, an individual who fueled public outrage against Milken. He was unwisely hired to write articles for Barron’s (a major Wall Street publication) after Milken was indicted. The nature of his utterances in print were “Shocking, unsubstantiated, never-proven assertions made with absolute certainty.” Stein claimed his taking of the drug Halcion caused him to produce such libelous garbage.

Strangely enough, insider trading wasn’t what Milken was jailed for, but rather, a minor disclosure failure. The judge in his case was ridiculously misguided, considering that the court calculated the dollar value of damages Milken caused was a mere $318,000. But the court saw that the revenues generated by him and his firm were in the hundreds of millions of dollars. So the court fined him $600,000,000.

Read the book to learn of Milken’s prison sentence and numerous other details of the whole tabloid-crazy affair.

Inside the Olympics – BONUS POST

The Bonus Book of the Week is “Inside the Olympics” by Dick Pound, published in 2004. This volume described the trials and tribulations of a Canadian who served in various Olympic capacities, including athlete and governance leader.

As might be recalled, various scandals (relating to the selection of future host countries, illegal doping among athletes, and judging of sports events) plagued the International Olympic Committee (IOC) at the turn of the 21st century.

Pound wordily and repetitively discussed his role in helping participating nations agree on rules banning performance-enhancing drugs, and in helping to establish the complicated financial arrangements needed to be made by broadcast networks and sponsors. For, bureaucracy galore abounded. Each nation has a committee. Nations that don’t fund athletes and their attendant expenses depend on revenues derived from event coverage and advertisers, paid to the IOC and redistributed to those committees. Thus, the IOC tended to be the scapegoat for whatever went wrong with all things Olympic-related.

Olympic hosts are saddled with numerous expenses stemming from having to provide modern athletic facilities and accommodations for about 25,000 people.

Read the book to learn how national pride has miraculously kept the modern Olympic games alive since 1896, despite the bad behavior of power politics that has resulted in injustice, financial losses, ill-gotten gains, and deaths.

onassis (sic)

The Book of the Week is “onassis” (sic) by Will Frischauer, published in 1968. The biographer immediately resorted to a disclaimer on his Acknowledgements page. In compiling this volume, he sourced twelve books in his Bibliography, claimed he drew upon interviews, and fifteen years’ worth of his readings on his subject, conceding that “… in many instances the dividing line between fact and fiction is so blurred…”

Nowadays, an equally vague author, whether authorized or unauthorized– to write about a wealthy alpha male (especially a politician) whose crack public-relations mythmakers gloze over unpleasant details– usually has the goal of rewriting history. That did not appear to be the case, at least with this book.

Born in 1906 in Smyrna, Onassis was of Turkish extraction. He was six years old when his mother passed away. His father lucratively sold tobacco, grain and hides. Sent to a Greek Orthodox (Christian) school, Onassis excelled at water polo and, already fluent in Turkish and Greek– became so in English, French and Italian.

In September 1922, when hostilities flared up between the Turks and Greeks, Onassis helped his family (except for his father, who was arrested early on) survive by playing well with parties on both sides of the conflict. His good relationship with the United States Vice Consul (a neutral party) allowed him to reunite with his older sister, two younger half-sisters and stepmother in Athens, and then travel to bail his father out of jail.

The father was furious that Onassis wasted money to bribe the authorities to get him sprung, as he would’ve been released anyway. The Turks froze foreign bank accounts of the family’s business when they took over Smyrna.

In 1923, taking advice from friends, Onassis got a job with a telephone company. He got away with lying about his age (said he was older) and birthplace to obtain an ID card. Then he felt the need to strike out on his own. His persistence paid off after a number of frustrating weeks, when he was finally able to sell his father’s Oriental tobacco to the Argentinians, who had been importing it from Brazil and Cuba.

Onassis was eventually able to get both Argentinian and Greek citizenship with the use of his dishonest identity-document application. After presiding over a failed cigarette business, in the next five or so years, he made his first million dollars. It was unstated exactly how. It was stated that he made business contacts wherever he went, some of whom he obviously inherited from his father.

Onassis was appointed a trade diplomat for the Argentinian government, and got into the shipping business. He started with used ships with Greek registration, then, in the early 1930’s, to avoid petty bureaucrats, switched to Panamanian registration. Other advantages with the latter included financial transactions that were permitted to be made in any currency, that were tax-free.

Onassis revolutionized the industry by ordering the construction of monster-sized oil tankers– with unprecedented capacities of tens of thousands of tons. The Swedes built the boats, and J. Paul Getty shipped the oil to Japan. Onassis, unlike the competition, also built comfortable living quarters for his ships’ crews, to foster employee loyalty.

During WWII, Onassis broke into the whaling industry, selling whale meat to mink farms and whale livers to the Borden food outfit. After the war, he took a bride; she was seventeen, he was forty. They raised their family in Oyster Bay, Long Island.

Yet another unique shipping-related activity Onassis pioneered, involved a risk-management contractual arrangement for international shipping. Prior to its implementation, he thought he had done his due diligence.

Onassis consulted an attorney to make sure he would be complying with maritime law– as he was purchasing surplus vessels of the United States, but registering them under other countries’ flags for purposes of deregulated operations and tax evasion. Nevertheless, by the mid-1950’s, the American Maritime Commission questioned its legality, anyway.

Read the book to learn additional specifics on how Onassis became rich and famous, and stayed that way.

Bitter Scent – BONUS POST

The Bonus Book of the Week is “Bitter Scent, The Case of L’Oreal, Nazis and the Arab Boycott” by Michael Bar-Zohar, published in 1996.

The complicated history that led up to the situation which monster-sized international health-and-beauty-aids company L’Oreal faced in 1989 was most ironic. It dated back to the start of WWII, when two future executives of L’Oreal and Francois Mitterand (future president of France) became good friends, Nazi collaborators– pro-Vichy propagandists and sabotage-plotters, and then, when the tide of the war changed in 1943, allies of the Allies.

In March 1989, Jean Frydman (Israeli and French citizen, Jew, and former member of the WWII French Resistance,) was vice president of Paravision, his film distribution company. Unbeknownst to him, he resigned from the board of directors of Paravision in a fait-accompli by L’Oreal executives. He was ousted in absentia because he had business dealings in Israel.

Various business entities had significant financial interests in others, among them, Paravision, L’Oreal (based in a Paris suburb) and its international subsidiaries, Columbia Pictures, Nestle and Coca-Cola. L’Oreal executives felt the need to comply with a troublesome policy called the “Arab boycott” — considered ethically repugnant by non-Arab industrialized nations. L’Oreal executives were willing to go through a tremendous amount of trouble (most of which they didn’t anticipate) to comply with the boycott to enhance their business interests, but also arguably, because they were anti-Semitic.

The boycott imposed by the Arab League began in 1948 to financially strangle Israel by banning companies that did business with Israel, from doing business with any Arab countries. L’Oreal needed to get Frydman out of the way so it could say it did no business with Israel. But besides, there was a big-name cosmetics company called Helena Rubinstein located in Israel, with which L’Oreal was affiliated. The Arabs were pressuring L’Oreal to dispose of that asset as well, before it allowed lucrative trade with their side.

When Frydman was gobsmacked by his fellow executives and learned that top people at L’Oreal (including its founder) had been Nazi collaborators, hilarity did not ensue. Instead, an orgy of litigation, fishing expeditions, political machinations, palace intrigue, and of course, a propaganda war did.

Read the book to learn the details of this suspenseful, sordid story.

Into the Raging Sea

The Book of the Week is “Into the Raging Sea, Thirty-Three Mariners, One Megastorm, and the Sinking of El Faro” by Rachel Slade, published in 2018. This sloppily proofread volume recounts a suspenseful, emotionally charged story about a rare but preventable epic fail. It is a cautionary tale of how TOO MUCH DEREGULATION in the shipping industry turned out to be penny-wise and pound foolish.

Just as a little bit of socialism is good (in the form of public libraries and the like), too much socialism is bad. So too– some deregulation might be good, but too much deregulation leads to conflicts, corruption, monopolies and crashes (financial and physical). With the ship El Faro, one thing led to another: Getting rid of pesky laws that hindered commerce ultimately increased the risk of deaths, as will be explained.

All the money the government and El Faro‘s owner thought they were “saving” with the help of deregulation, was wasted in the accident in various, extremely high costs– rescue-resources, the emotional toll taken on all of the parties involved, litigation, etc. What happened to the ship showcased the extremes of human nature– greed and hubris of shipping-company executives and their accomplices (politicians) versus the braving of life-threatening conditions, by rescuers trying to prevent deaths in the disaster.

At the beginning of October 2015, El Faro was hauling commercial cargo heading for San Juan in Puerto Rico, but ended up in the path of hurricane Joaquin. The whole voyage was one long cluster screw-up.

For starters, the shipping industry had an abusive, hierarchical culture. There had been a long period of deregulation starting in the 1970’s in the interest of political expedience and profit-seeking; safety be damned. But by the 2010’s in the shipping industry, the gravy train was over.

Due to the safety crackdown, El Faro‘s corporate owner had been doing some lean and mean cost-cutting in connection with all of its holdings, at the expense of vessels and their personnel. El Faro had been grandfathered in under older regulations that made its long-term seaworthiness doubtful. But it was lucrative enough not to be scrapped.

Architecturally, the ship had been designed for speed rather than safety, and the physical arrangement of the cargo caused the ship to ride low in the water, and list in rough seas. Rushed workers sloppily loaded the cargo– consisting of cars and other heavy, unwieldy items, and they weren’t entirely secure (both the workers and cargo). The ship’s anemometer was broken. But for deregulation, the government would have taken the ship’s owners to task on these and various other accident-prevention issues.

During this, El Faro‘s last voyage, in which it encountered a horrific storm, the captain could pick and choose from a few different sources of weather forecasts. He happened to choose the most outdated one, unbeknownst to him. Nevertheless, he stubbornly refused to consider any others, or significantly change the ship’s route, even when his subordinates tried to tell him about storm data from other sources. He needed to please his bosses, whom he knew preferred that he get the ship to its destination ASAP, to minimize costs. In transportation, time is money.

Also, the captain lacked social graces. Not only that, he was a survivalist, one of those nutjobs who was prepared for the end of the world, with weaponry and provisions and planned to defend himself if necessary, against other survivalists. Thanks to deregulation, he was still employed.

The sleep-deprived chief mate of the ship was a new employee, just getting to know the captain, so he was eager to impress him and reluctant to question his authority. The second mate was psychologically weary of her job.

Other ship workers were less than loyal, as they had no job security. To add insult to injury, racial tension pervaded the ranks. To boot, the ship was understaffed.

To be fair, the storm formed faster than anyone had anticipated. But obviously, TOO MUCH DEREGULATION played a major role in the incident.

As an aside, “It’s an open secret in the meteorological community that the ECMWF [the European weather service and hurricane software modeler] is consistently better than the NWS [American National Weather Service and hurricane software modeler].” The former collects more data worldwide and gets more funding than the latter. (Apparently, whenever a storm is brewing near the United States, the American weather media still show the projected route of the American model, as a point of pride).

Read the book to learn: other disturbing lessons; the fate of the ship; and fascinating details of the investigation.