B12 Solipsism

Spreading confusion over the internet since 1994

super Snow Day was uploaded to Flickr

snow still falling steadily

embiggen by clicking
http://flic.kr/p/q59F9n

I took super Snow Day on February 01, 2015 at 10:19AM

and processed it in my digital darkroom on February 01, 2015 at 04:23PM

Written by eggplant

February 1st, 2015 at 10:54 am

Dirty Wurds 45 – Caped Crusader Records was uploaded to Flickr

Chicago Garage Rock

embiggen by clicking
http://flic.kr/p/q3wA91

I took Dirty Wurds 45 – Caped Crusader Records on January 30, 2015 at 10:51AM

and processed it in my digital darkroom on January 30, 2015 at 04:51PM

Written by eggplant

January 30th, 2015 at 11:39 am

Dirty Wurds – 45 – Not This One / Mellow Down Easy was uploaded to Flickr

Chicago Garage Rock

embiggen by clicking
http://flic.kr/p/qH5pDr

I took Dirty Wurds – 45 – Not This One / Mellow Down Easy on January 30, 2015 at 10:49AM

and processed it in my digital darkroom on January 30, 2015 at 04:50PM

Written by eggplant

January 30th, 2015 at 11:38 am

Nothing Has Changed Except was uploaded to Flickr

rain, West Loop

embiggen by clicking
http://flic.kr/p/qY62us

I took Nothing Has Changed Except on December 22, 2014 at 03:24PM

and processed it in my digital darkroom on January 28, 2015 at 02:10PM

Written by eggplant

January 28th, 2015 at 9:43 am

Apple Response To National Center for Public Policy Research Re Climate Change

Apple Store with Tree
Apple Store with Tree

From Apple, Inc.’s 2015 Proxy Statement is this proposal from conservative think tank, The National Center for Public Policy Research. We’re quoting the proposal, and Apple’s response to it (which boils down to a long-winded no, are you crazy?, for many reasons). This think tank exists mostly for the task of “dispelling the myths of global warming by exposing flawed economic, scientific, and risk analysis”, and to publicly scold corporations that drop support for ALEC, so you can imagine why they are pressuring Apple. For the lolz, of course. And to support their corporate masters…

On page 62 of the Proxy Statement:

Proposal No. 5 – Shareholder Proposal The Company has been advised that The National Center for Public Policy Research, 501 Capitol Court, N.E., Suite 200, Washington, D.C 20002 (the “NCPPR”), which has indicated it is a beneficial owner of at least $2,000 in market value of the Company’s common stock, intends to submit the following proposal at the Annual Meeting: Risk Report

and the proposal:

WHEREAS, The Securities and Exchange Commission has recognized that climate change regulations, policy and legislation pose a business risk to companies. One risk is that federal, state and/or local government policies, adopted in whole or in part due to climate change concerns, that subsidize renewable energy and upon which company business plans rely may be repealed or altered. These changes in policy may be significant, and may come with little advance notice to the company.

RESOLVED: Shareholders request that the Board of Directors authorize the preparation of a report, to be issued by December 2015, at a reasonable cost and excluding proprietary information, disclosing the risk to the company posed by possible changes in federal, state or local government policies in the United States relating to climate change and/or renewable energy.

concluding with

Apple Inc. has made renewable energy a priority. The Wall Street Journal reported on September 17, 2013, “Apple Inc. now gets 16% of its electricity from solar panels and fuel cells that run on biogas.” One state in which Apple has significant renewable energy investments is North Carolina, which may soon repeal its law providing advantages for renewable energy production, following a report by two think-tanks concluding that this law will cost state consumers $1.845 billion between 2008 and 2021. Subsidies and policies favorable to renewable energy also are being challenged in other states and also at the federal level, where renewal of the approximately $12 billion wind production tax credit (PTC) is challenged annually and in the past has only been renewed at the very last minute, following closed-door negotiations by lawmakers. The PTC’s future is impossible to predict. 

Apple Logos
Apple Logos

Apple’s response:

The Company’s Statement in Opposition to Proposal No. 5 The Board recommends a vote AGAINST Proposal No. 5. This proposal would result in the production of a narrowly focused report that would yield an incomplete and therefore inaccurate analysis of the Company’s exposure to risks associated with changes in government policies with respect to climate change and renewable energy. In effect, the proponent is asking the Company to spend valuable time and limited resources analyzing hypothetical changes in U.S. federal, state or local governmental policies. The Company has already presented an analysis of the risks and opportunities associated with climate change on its website at www.apple.com/environment/climate- change and in its public filings with the SEC, as well as in a shareholder-requested and industry- recognized reporting tool, the CDP questionnaire.

and continues:

The additional report would therefore provide little to no additional value. As explained on its website, the Company believes climate change caused by emissions from burning fossil fuels is a real problem, and has committed to reducing the Company’s carbon footprint.

The Company also provides detailed information on its renewable energy and sustainability efforts in its annual Environmental Responsibility Report, available online at www.apple.com/environment/reports.
In 2014, the Company also provided detailed responses to the CDP questionnaire. Those responses, requested by shareholders, outline the Company’s views on the risks and opportunities of dealing with climate change. The report requested by the proponent would focus on one domestic aspect of climate change potential risk.

This approach distorts the global realities of climate change risk for the Company and its shareholders. The Company continually evaluates its reliance on both traditional and alternative energy sources and regularly makes decisions to mitigate the Company’s exposure to potential price increases, supply shortages and changes to federal, state and local government policies related to the environment. The Company’s public filings and reports already provide substantial disclosure regarding the Company’s approach to renewable energy and sustainability.

For example, with respect to regulatory risks, the Annual Report included a risk factor entitled “The Company is subject to laws and regulations worldwide, changes to which could increase the Company’s costs and individually or in the aggregate adversely affect the Company’s business.” This risk factor specifically addresses potential changes in laws and regulations, which could “make the Company’s products and services less attractive to the Company’s customers, delay the introduction of new products in one or more regions, or cause the Company to change or limit its business practices.”

The report requested by the proposal would not, in substance, provide any more meaningful detail than the Company’s existing disclosures nor would it justify the use of significant resources associated with preparing such a report. The Company believes that the fulsome disclosure already publicly available in the Company’s public filings and on the Company’s website are more than adequate to address the underlying issues outlined in the proposal. The Company also believes that producing the report requested by the proposal would not be an efficient use of Company resources nor an effective way to protect shareholder value.

Let’s hope this proposal fails. I voted against it1

Footnotes:
  1. I once bought 11 shares of Apple with some extra money I made, I only regret I didn’t purchase more, especially as these shares have risen dramatically in value, and then split seven-for-one in 2013. If I had bought more Apple shares when they were $85 instead of paying health insurance, for instance, maybe I could have some money in the bank… []

Written by Seth Anderson

January 28th, 2015 at 9:26 am

Regulatory Reform As A Cover for Corporations to Skirt Laws

Will Obama have to resort to veto pen finally, now that Harry Reid is no longer blocking ridiculous GOP bills from getting passed? I guess we’ll soon see. And the real test will be on the non-sexy things, like regulatory reform.

Please  Vote 

Obama Has Only Vetoed 2 Bills. That’s About to Change—Thanks to Democrats | Mother Jones: “Regulatory reform: By far the least sexy of the topics that might be forced on Obama, changes to how the government writes its rules could pose the biggest trouble for the president. Unlike finance, environmental rules, or health care reform, it’s an obscure topic unlikely to garner an outpouring of public outcry. These are changes portrayed as making government more sensible and business-friendly, always a favorite image to project by moderate Democrats who still cling to Bill Clinton’s mantra of deconstructing Big Government, yet they could stymie efforts to write rules for those specific policy areas.

Changes to how the government writes rules ‘seem both kind of technical and innocent, because they talk about things like cost-benefit analysis, or increasing judicial review, or more economic requirements to help small business’ says Lisa Gilbert, director of Public Citizen’s Congress Watch. ‘Things that don’t sound threatening and maybe even ease tensions with constituents who don’t really like the idea of red tape and have this idea that if we change it at the federal level lots would be easier at home.’ But in essence, these rules just offer cover for big business to delay the laws that they don’t want to comply with—continuing to set their own rules and skating by for years after the public thinks they’ve already been kept in check.

Last week, the House passed the Regulatory Accountability Act, a bill that would force all agencies to conduct a cost-benefit analysis for each rule. This process tends to favor business interests over consumers. The bill would also make it easier for judges to toss aside rules and force agencies to hold lengthy public hearings for each rule they consider. Past iterations of this bill have received support from Senate moderates like Florida’s Bill Nelson, Maine’s King, and West Virginia’s Manchin.

That group of 10 to 15 Democrats willing to break from the rest of the party aren’t hiding their plans. ‘If Republicans want a minimum of six or more Democrats to work with them,’ Manchin said earlier this month, ‘and they’re sincere about policy and good policy moving forward, they’re definitely going to reach out, and I’ve reached out to them.'”

(Via http://www.motherjones.com/politics/2015/01/barack-obama-veto-moderate-senate-democrats)

Written by Seth Anderson

January 20th, 2015 at 10:43 am

Posted in Business,politics

Tagged with , ,

Pip is practicing his Ukulele chords was uploaded to Flickr

Only knows three chords so far

embiggen by clicking
http://flic.kr/p/qzwvM5

I took Pip is practicing his Ukulele chords on January 19, 2015 at 12:18PM

and processed it in my digital darkroom on January 19, 2015 at 06:20PM

Written by eggplant

January 19th, 2015 at 10:50 pm

Picking the Ukulele was uploaded to Flickr

well, smelling anyway

embiggen by clicking
http://flic.kr/p/qS1Bfu

I took Picking the Ukulele on January 19, 2015 at 12:18PM

and processed it in my digital darkroom on January 19, 2015 at 06:25PM

Written by eggplant

January 19th, 2015 at 10:49 pm

Picking the Ukulele was uploaded to Flickr

well, smelling anyway

embiggen by clicking
http://flic.kr/p/qS1Bfu

I took Picking the Ukulele on January 19, 2015 at 12:18PM

and processed it in my digital darkroom on January 19, 2015 at 06:25PM

Written by eggplant

January 19th, 2015 at 1:08 pm

Pip is practicing his Ukulele chords was uploaded to Flickr

Only knows three chords so far

embiggen by clicking
http://flic.kr/p/qzwvM5

I took Pip is practicing his Ukulele chords on January 19, 2015 at 12:18PM

and processed it in my digital darkroom on January 19, 2015 at 06:20PM

Written by eggplant

January 19th, 2015 at 12:38 pm

Imagine My Surprise was uploaded to Flickr

Wells St, Chicago

embiggen by clicking
http://flic.kr/p/quPs46

I took Imagine My Surprise on January 02, 2015 at 12:17PM

and processed it in my digital darkroom on January 12, 2015 at 04:14PM

Written by eggplant

January 12th, 2015 at 2:08 pm

Is Fracking About To Burst The Economy?

The Myth of Trust
The Myth of Trust

I ran across a quite interesting discussion of the history of the Oklahoma oil boom in the 1970s and its subsequent bust in the early 1980s, which is linked with the story of Penn Square Bank. There is a book by Phillip Zweig specifically on this topic, called Belly Up: The Collapse of the Penn Square Bank, I think I’ll have to look for a copy.

If you have a moment, you should read the entire essay.1

History aside, what about the current situation with oil prices cratering? Are we in trouble?

Now of course a debacle of the Penn Square variety requires at least one other thing, which is a banking industry so fixated on this quarter’s profits that it can lose track of the minor little fact that lending money to people who can’t pay it back isn’t a business strategy with a long shelf life. I hope none of my readers are under the illusion that this is lacking just now. With interest rates stuck around zero and people and institutions that live off their investments frantically hunting for what used to count as a normal rate of return, the same culture of short-term thinking and financial idiocy that ran the global economy into the ground in the 2008 real estate crash remains firmly in place, glued there by the refusal of the Obama administration and its equivalents elsewhere to prosecute even the most egregious cases of fraud and malfeasance.

Now that the downturn in oil prices is under way, and panic selling of energy-related junk bonds and lower grades of unconventional crude oil has begun in earnest, it seems likely that we’ll learn just how profitable the fracking fad of the last few years actually was. My working guess, which is admittedly an outsider’s view based on limited data and historical parallels, is that it was a money-losing operation from the beginning, and looked prosperous—as the Oklahoma boom did—only because it attracted a flood of investment money from people and institutions who were swept up in the craze. If I’m right, the spike in domestic US oil production due to fracking was never more than an artifact of fiscal irresponsibility in the first place, and could not have been sustained no matter what. Still, we’ll see.

The more immediate question is just how much damage the turmoil now under way will do to a US and global economy that have never recovered from the body blow inflicted on them by the real estate bubble that burst in 2008. Much depends on exactly who sunk how much money into fracking-related investments, and just how catastrophically those investments come unraveled.  It’s possible that the result could be just a common or garden variety recession; it’s possible that it could be quite a bit more. When the tide goes out, as Warren Buffet has commented, you find out who’s been swimming naked, and just how far the resulting lack of coverage will extend is a question of no small importance.

At least three economic sectors outside the fossil fuel industry, as I see it, stand to suffer even if all we get is an ordinary downturn. The first, of course, is the financial sector. A vast amount of money was loaned to the fracking industry; another vast amount—I don’t propose to guess how it compares to the first one—was accounted for by issuing junk bonds, and there was also plenty of ingenious financial architecture of the sort common in the housing boom. Those are going to lose most or all of their value in the months and years ahead. No doubt the US government will bail out its pals in the really big banks again, but there’s likely to be a great deal of turmoil anyway, and midsized and smaller players may crash and burn in a big way. One way or another, it promises to be entertaining.

(click here to continue reading The Archdruid Report: Déjà Vu All Over Again.)

We’ll see, but it might be a good time to start putting a few Krugerrands under your mattress…

Gold Coins
Gold Coins

Footnotes:
  1. The bank is often cited as being partly responsible for the collapse of Continental Illinois National Bank and Trust Company of Chicago, which had to write-off some US$500+ million in loans purchased from Penn Square. []

Written by Seth Anderson

January 12th, 2015 at 11:15 am

Posted in Business

Tagged with , , ,

Keystone XL Pipeline and Carbon Keynesianism

Twists and Turns
Twists and Turns.

During the very first week of the 114th Congress, the new agenda was made clear: Bills to end the Affordable Care Act, to restrict abortion rights, to stop Obama’s immigration plan, and a bill to build the Keystone XL pipeline.

New Approved Keystone XL Pipeline Route

New Approved Keystone XL Pipeline Route

Paul Krugman laughs, and points out the absurdity of the GOP’s Carbon Keynesianism…

It should come as no surprise that the very first move of the new Republican Senate is an attempt to push President Obama into approving the Keystone XL pipeline, which would carry oil from Canadian tar sands. After all, debts must be paid, and the oil and gas industry — which gave 87 percent of its 2014 campaign contributions to the G.O.P. — expects to be rewarded for its support.

Building Keystone XL could slightly increase U.S. employment. In fact, it might replace almost 5 percent of the jobs America has lost because of destructive cuts in federal spending, which were in turn the direct result of Republican blackmail over the debt ceiling.

Oh, and don’t tell me that the cases are completely different. You can’t consistently claim that pipeline spending creates jobs while government spending doesn’t.

Consider, for example, the case of military spending. When it comes to possible cuts in defense contracts, politicians who loudly proclaim that every dollar the government spends comes at the expense of the private sector suddenly begin talking about all the jobs that will be destroyed. They even begin talking about the multiplier effect, as reduced spending by defense workers leads to job losses in other industries. This is the phenomenon former Representative Barney Frank dubbed “weaponized Keynesianism.”

And the argument being made for Keystone XL is very similar; call it “carbonized Keynesianism.” Yes, approving the pipeline would mobilize some money that would otherwise have sat idle, and in so doing create some jobs — 42,000 during the construction phase, according to the most widely cited estimate. (Once completed, the pipeline would employ only a few dozen workers.) But government spending on roads, bridges and schools would do the same thing.

And the job gains from the pipeline would, as I said, be only a tiny fraction — less than 5 percent — of the job losses from sequestration, which in turn are only part of the damage done by spending cuts in general. If Mr. McConnell and company really believe that we need more spending to create jobs, why not support a push to upgrade America’s crumbling infrastructure?

So what should be done about Keystone XL? If you believe that it would be environmentally damaging — which I do — then you should be against it, and you should ignore the claims about job creation. The numbers being thrown around are tiny compared with the country’s overall work force.

(click here to continue reading For the Love of Carbon – NYTimes.com.)

The worship of Mammon.jpg
The worship of Mammon” by Evelyn De Morgan[1]. Licensed under Public Domain via Wikimedia Commons.

Infrastructure improvement? Blasphemy! Spending money to fix bridges, roads, water supply pipes, commuter rails – that’s Socialism! But building a massive pipeline to ship oil from Canada to China via the Gulf of Mexico is God’s commandment. If you consider Mammon a God that is…

Written by Seth Anderson

January 12th, 2015 at 9:27 am

The Laffer Curve has flatlined

Sketchy ATM Inside

It is almost amusing how much crazy economic policy was initiated by the expense account of Dick Cheney and Donald Rumsfeld. Without the Laffer Curve, there would be no Supply Side Economic Voodoo theory, and perhaps our country wouldn’t be on a downward spiral. Also, the Laffer Curve, as originally formulated, never claimed to know what the magical tax rate was, and in fact, could be interpreted as arguing that tax rates should increase! 

The Laffer Curve came about as the result of a lunch conversation in 1974 among conservative economist Arthur Laffer, Dick Cheney, and Donald Rumsfeld. The curve in question is the relationship between tax revenues and tax rates—at zero percent, no tax revenue will be collected because no income is taxed, while at 100 percent, no revenue will be collected because there is no incentive to work if all income is confiscated. Somewhere in the middle is a sweet spot: the perfect rate of taxation at which revenue is maximized, and where any tax increases past that point will actually result in a decrease in revenue.

The Laffer Curve has been consistently used as justification for the supply-side belief that tax cuts will pay for themselves through the increased economic activity that they will create. This belief is no longer simply a theory, but is now official federal policy: the 114th Congress changed the rules for how budget bills are evaluated from static scoring to what is called “dynamic scoring,” which will mask the actual cost of tax cuts by simply assuming that they will increase economic output.

(click here to continue reading The Laffer Curve has flatlined.)

As an aside, I’m amazed that for years, the PR slogan was that the Republican Party was the business party, despite much evidence to the contrary. 

Since World War II, there’s been a strikingly consistent pattern in American politics: The economy does much better when a Democrat is in the White House.

More specifically, since 1947, the U.S. economy has grown at an average real rate of 4.35 percent under Democratic presidents and just 2.54 percent under Republicans

(click here to continue reading The U.S. economy does better under Democratic presidents — is it just luck? – The Washington Post.)

Really though, it seems as if the GOP is better for business executives instead of businesses. The executives make more, by outsourcing jobs, enjoying reduced tax rates and increased tax loopholes for things like private jets and so on. More take-home pay, in other words, and less investing in the business itself. For non-executives, the GOP is not your party, nor are you even invited, except during election season. 

I Am A Lonely Visitor
I Am A Lonely Visitor

Reactionary conservatives like Governor Sam Brownback and Governor Scott Walker have put the Laffer Curve to work, slicing government revenue, with predictably dire results:

Kansas Gov. Sam Brownback brought on Arthur Laffer as an advisor to steer his radical experiment of cutting taxes to the bone under the assumption that the cuts would simply pay for themselves through economic expansion. The results, however, have been absolutely horrific: job growth on the Missouri side of the Kansas City metropolitan area is occurring at four times the rate on the Kansas side. Education is being vastly underfunded. And perhaps most tellingly, the state collected far less money in taxes than it expected in December, even after downgrading expectations. In other words, Laffer was wrong in every single way possible.

In Wisconsin, meanwhile, Republican Gov. Scott Walker has followed a path nearly has extreme as that of Brownback, but is being forced to scale his ambitions back because the theory just isn’t working:

Earlier this year, just before enacting the half-billion-dollar tax cut, Walker said it was just the beginning — that he wanted to eliminate income taxes. Now, a representative of Walker, asked about the elimination plan said the governor “has only said that he would explore other areas of tax reform.” The state has a projected $2.2 billion deficit for the next biennium, 2015 to 2017. There’s also a transportation funding problem.

Now, not even his top allies in the House think new cuts aren’t possible.

The situation is so bad in Wisconsin that to try to balance the budget in anticipation of a possible 2016 presidential campaign, Walker is rumored to be considering selling off public assets as a stopgap measure just to make the numbers look good. The contrast with states like California, which raised taxes to help balance its budget and cover a shortfall in education, couldn’t be clearer: California’s revenue is surging, while tax-cutting states are figuring out how to mitigate the damage.

(click here to continue reading The Laffer Curve has flatlined.)

Put Money in the Parking Meter or else!
Put Money in the Machine or else!

Will this example stop the next GOP executive branch from claiming that cutting tax rates will help grow economies? Probably not. In fact, I wouldn’t be surprised if newly elected Illinois Governor Bruce Rauner tries his best to lower tax rates on his own wealth during the next four years. If Rauner was such a good business man, perhaps he’d let facts and history convince him that perhaps the marginal tax rates are too low…

To maximize real economic growth in the United States, the top marginal income tax rate should be about 65%, give or take about ten percent. Preposterous, right? Well, it turns out that’s what the data tells us, or would, if we had the ears to listen.

This post will be a bit more complicated than my usual “let’s graph some data” approach, but not by much, and I think the added complexity will be worth it. So here’s what I’m going to do – I’m going to use a statistical tool called “regression analysis” to find the relationship between the growth in real GDP and the top marginal tax rate. If you’re familiar with regressions you can skip ahead a few paragraphs.

Regression analysis (or “running regressions”) is a fairly straightforward and simple technique that is used on a daily basis by economists who work with data, not to mention people in many other professions from financiers to biologists. Because it is so simple and straightforward, a popular form of regression analysis (“ordinary least squares” or “OLS”) regression is even built into popular spreadsheets like Excel.

(Click here to continue reading http://angrybearblog.com/2010/12/top-marginal-income-tax-rate-should-be.html The top marginal income tax rate should be about 65%…)

Written by Seth Anderson

January 12th, 2015 at 9:01 am

Posted in government,politics

Tagged with ,

FBI and Justice Dept. Said to Seek Charges for Petraeus

Red and Blue
Red and Blue.

If you ever doubted that America has two sets of laws; one for the elite, and one for rest us, look no further than the case of career Republican operative and Pentagon courtier, General David Patraeus. 

Petraeus, a retired four-star general who served as commander of American forces in both Iraq and Afghanistan, has said he never provided classified information to Ms. Broadwell, and has indicated to the Justice Department that he has no interest in a plea deal that would spare him an embarrassing trial. A lawyer for Mr. Petraeus, Robert B. Barnett, said Friday he had no comment.

The officials who said that charges had been recommended were briefed on the investigation but asked for anonymity because they were not authorized to discuss it.

Mr. Holder was expected to decide by the end of last year whether to bring charges against Mr. Petraeus, but he has not indicated how he plans to proceed. The delay has frustrated some Justice Department and F.B.I. officials and investigators who have questioned whether Mr. Petraeus has received special treatment at a time Mr. Holder has led a crackdown on government officials who reveal secrets to journalists.

(click here to continue reading F.B.I. and Justice Dept. Said to Seek Charges for Petraeus – NYTimes.com.)

Let us be clear: David Petraeus broke laws that he swore to upheld, despite these being fairly mundane leaks, mostly serving to burnish his own mythology. I doubt his biographer damaged national security by allowing Petraeus into her bed, and allowing his biographer access to his classified files, but the bottom line is other, lesser officials have suffered for breaking these same laws, and Petraeus has escaped consequence. If Petraeus was a low-level leaker, or someone like Edward Snowden, he’d be in Gitmo by now. Instead, he’s escaped any consequences. Why is that fair?

I understand that Washington classifies every single document possible, and this is a problem too, but that’s not relevant. Petraeus is avoiding answering for his transgressions solely because he is well known to the public.

And as Trevor Timm write:

It doesn’t matter what Petraeus’s motive for leaking was either. While most felonies require mens rea (an intentional state of mind) for a crime to have occurred, under the Espionage Act this is not required. It doesn’t matter that Petraeus is not an actual spy. It also doesn’t matter if Petraeus leaked the information by accident, or whether he leaked it to better inform the public, or even whether he leaked it to stop a terrorist attack. It’s still technically a crime, and his motive for leaking cannot be brought up at trial as a defense.

This may seem grossly unfair (and it is!), but remember, as prosecutors themselves apparently have been arguing in private about Petraeus’s case: “lower-ranking officials had been prosecuted for far less.” Under the Obama administration, more sources of reporters have been prosecuted under the Espionage Act than all other administrations combined, and many have been sentenced to jail for leaks that should have never risen to the level of a criminal indictment.

Ultimately, no one should be charged with espionage when they didn’t commit espionage, but if prosecutors are going to use the heinous Espionage Act to charge leakers, they should at least do it fairly and across the board—no matter one’s rank in the military or position in the government. So in one sense, this development is a welcome one.

For years, the Espionage Act prosecutions have only been for low-level officials, while the heads of federal agencies leak with impunity. For example, current CIA director John Brennan, former CIA director Leon Panetta, and former CIA general counsel John Rizzo are just three of many high-ranking government officials who have gotten off with little to no punishment despite the fact we know they’ve leaked information to the media that the government considers classified.

(click here to continue reading If David Petraeus is actually charged, all of DC will finally find out how incredibly unjust the Espionage Act is | Freedom of the Press Foundation.)

Written by Seth Anderson

January 10th, 2015 at 10:05 pm

Posted in government,politics

Tagged with , ,