The Widening Green Gap.

“The US military is rushing to embrace sustainability. Its primary motive is not ethical. It is trying to keep pace with China in a strategic race to harness clean energy. Any future conflict between superpowers will almost certainly feature eco-weapons and green tactics. The oil-burning Americans are starting to realise how badly they are lagging behind.“

In Britain’s New Statesman, John Naish looks at the national security and job implications of our falling behind on green tech. “The more the military thinks about green technology, the more it sees how it goes hand in hand with improving operational effectiveness…Afghanistan is the principal driver for Nato nations. Resupply convoys can be eight miles long and they in effect say: ‘Please hit me with a roadside bomb.’ Up to 60 per cent of the convoys carry fuel and water. If you reduce that need for supply, you save lives.”

See also the “clean energy is a national security issue” argument made by Operation FREE (mainly in terms of Iran and its $100 million a day in oil profits): “‘There’s no greater threat to our national security than our dependence on oil.’ Marine veteran and Operation Free member Matt Victoriano told Kerry.‘” To be honest, I could really do without the implicit saber-rattling involved with some of this argument. But let’s face it, that’s how we got a space program.

In a Flash, a Grim Recognition.

“The initial reaction of traders to the Flash Crash was that some human must have made a mistake submitting a trade. But the SEC…hasn’t found evidence of a ‘Fat Fingered Louie’ punching a billion rather than a million on an order. In fact, the SEC still doesn’t know what caused this crash. Curiously, no one is focusing on what caused the crash to stop…JP Morgan and Merrill Lynch were big buyers precisely as the market hit minus one thousand points on the Dow. It seems rather odd that both these firms at the same time would see the same trading opportunity.

In fact, what they did was violate one of the prime rules of trading: never try to catch a falling knife. The market was falling fast and furious at the point they entered the pit to buy equity futures, so why did they take such an enormous risk? We learned yesterday that both of these firms, plus Goldman Sachs, were such superb traders in the market that none of them had a single losing trading day all last quarter. This type of risky trade is not how you get to be a superb trader.“

Over at the Agonist, Numerian digs deep into last week’s “Flash Crash” — and comes to some very troubling conclusions. To wit, the big players know the thresholds where the trading algorithms kick in, and thus, basically, the fix is in. “The stock market seems to be nothing but a playground for the big banks and other connected firms who get a preview peek at everything that goes through the market, and who can program their computers to skim profits off daily with no risk whatever. The stock market is also, quite possibly, prone to more serious manipulation that resulted in last Thursday’s crash.“

Oof. I’m out of my comfort zone when it comes to understanding market behavior, so I hope someone has a better explanation for the Flash Crash than the disconcertingly plausible one offered here. (Just saying Greece doesn’t quite cut it, I don’t think.)

The Witchhunt is On.

“Is our huge deficit a problem today? Not if you think people should have jobs. Private sector demand has plunged because of the collapse of the bubble. If the public sector does not fill the demand gap with deficit spending, then we have less demand and fewer jobs. That’s worth saying a few hundred thousand times since the deficit hawks have filled the airwaves and cyberspace with so much nonsense.“

The CEPR’s invaluable Dean Baker rails anew at the deficit hysteria currently in Beltway vogue. I’ve said this several times already now, but I just cannot take anyone seriously who froths and frets about looming deficits, but then says nary a word about out-of-control defense spending. And right now, when it comes to such deficit peacocks, DC is a full-fledged menagerie.

Update: “The danger posed by the deficit ‘is zero. It’s not overstated. It’s completely misstated.’” Ezra Klein talks with James Galbraith, son of the venerable J.K. Galbraith and originator of the great witchcraft metaphor, about the deficit hysteria seizing Washington:

“[W]e should be focusing on real problems and not fake ones. We have serious problems. Unemployment is at 10 percent. if we got busy and worked out things for the unemployed to do, we’d be much better off. And we can certainly afford it. We have an impending energy crisis and a climate crisis. We could spend a generation fixing those problems in a way that would rebuild our country, too. On the tax side, what you want to do is reverse the burden on working people. Since the beginning of the crisis, I’ve supported a payroll tax holiday so everyone gets an increase in their after-tax earnings so they can pay down their mortgages, which would be a good thing.“

Kagan’s Time to Shine.

“‘I am confident that she’s a solid, reliable modern Democrat…She’s not George McGovern or whoever the liberal left of the Democratic party would want, but the left of the Democratic party isn’t where the party is any more. She’s a good, solid Clinton-Obama Democrat.‘”

Well, that’s the trick, isn’t it? Particularly that she’ll be replacing the irreplaceable John Paul Stevens. In any case, President Obama has made his second pick for the Supreme Court, and it is his Solicitor General and former Harvard Law Dean Elena Kagan. “As solicitor general, Ms. Kagan has represented the government before the Supreme Court for the past year, but her own views are to a large extent a matter of supposition.“

Making the progressive case for Kagan: Larry Lessig, an old friend of hers: “The Kagan I know is a progressive…[T]he core of Kagan’s experience over the past two decades has been all about moving people of different beliefs to the position she believes is correct. Not by compromise, or caving, but by insight and strength. I’ve seen her flip the other side.” Lessig expounds on this coalition-builder argument here: “To hear the liberals talk about it, it sounds like they think we need a Thomas or Scalia of the Left…But nobody who understands the actual dynamics of the Supreme Court could actually believe that such a strategy would produce 5 votes.” (To which one must ask, really? Who’s gonna flip?)

Making the progressive case against Kagan: Salon‘s Glenn Greenwald: “[G]iven that there are so many excellent candidates who have a long, clear commitment to a progressive judicial philosophy, why would Obama possibly select someone who — at best — is a huge question mark?…I believe Kagan’s absolute silence over the past decade on the most intense Constitutional controversies speaks very poorly of her.” This was a follow-up from another piece, where he argued: “Kagan, from her time at Harvard, is renowned for accommodating and incorporating conservative views, the kind of ‘post-ideological’ attribute Obama finds so attractive.” Interestingly, this last part seems much the same argument Lessig’s making in her favor, with the valence changed.

(As an aside, this feud got a bit heated, with Greenwald deeming Lessig a liar and stooge. Having been on the wrong end of Greenwald’s wrath myself on the Citizens United case, Lessig’s rebuttal to this charge sounded all-too familiar: “Chill, Glenn. Dial down the outrage. Dial back the hyperbole. And stop calling those who applaud you liars…[Y]ou can make your point well enough without painting everyone else as liars or constitutional crazies.” True story.)

Anyway, speaking of Citizens United, since the President has explicitly said that decision is lousy law several times over, I presume he’s made sure Kagan is in agreement on that front. (He has, right?) And, as I said back during John Roberts’ nomination, my feeling is generally the president’s prerogative in choosing Supreme Court justices should be respected. (Can’t countenance Roberts’ lying, tho’.) So, if Kagan’s the president’s choice, I’m prepared to give her the benefit of the doubt and support the nomination.

But, quite frankly, I shouldn’t have to doubt (and here, the next two links are via Greenwald.) As the NYT editorial page well put it: “President Obama may know that his new nominee to the Supreme Court, Elena Kagan, shares his thinking on the multitude of issues that face the court and the nation, but the public knows nothing of the kind. Whether by ambitious design or by habit of mind, Ms. Kagan has spent decades carefully husbanding her thoughts and shielding her philosophy from view.“

So, sure, I guess it’s entirely possible Kagan is a secret superprogressive of the Leonard Cohen type. (“They sentenced me to 20 years of boredom, for trying to change the system from within.“) But there’s another explanation that’s more likely. And, loath as I am to agree with David Brooks, his column today echoes almost exactly what I was thinking:

“Kagan has apparently wanted to be a judge or justice since adolescence (she posed in judicial robes for her high school yearbook.) There was a brief period, in her early 20s, when she expressed opinions on legal and political matters. But that seems to have ended pretty quickly. She has become a legal scholar without the interest scholars normally have in the contest of ideas. She’s shown relatively little interest in coming up with new theories or influencing public debate. Her publication record is scant and carefully nonideological…What we have is a person whose career has dovetailed with the incentives presented by the confirmation system, a system that punishes creativity and rewards caginess.“

That’s my rub too, and it dovetails with larger problems I have with DC political culture. More often than not, the people who tend to succeed here are the ones who keep their head down, play the DC game, stay resolutely non-ideological and unobtrusive in their opinions. never go out on a limb, never say or do anything that could hurt their bid to be a Big (or Bigger) Shot down the road. (Hence, the whole phenomenon of The Village.)The problem is, these plodding, risk-averse careerist types are exactly the type of people you don’t want making decisions in the end, because they will invariably lead to the plodding, risk-averse and too-often rudderless politics of the lowest common denominator.

I’m really hoping the future Justice Kagan isn’t another example of this troubling trend, because as I said when Stevens retired: “The Court needs a strong and unabashed liberal conscience right now. What it emphatically does not need is another centrist technocrat that will help push the Court ever further to the right” But, as Kurt Vonnegut put it in Mother Night, “We are what we pretend to be, so we must be careful about what we pretend to be.” And when someone spends decades being so careful and circumspect in the face of so many obvious injustices, both by recent administrations and in the world at large…well, I really have to wonder about their judgment.

Update: Having said all that, this recently unearthed 1996 internal campaign finance reform memo to Chief of Staff Leon Panetta, on which Kagan is one of six signers, suggests she is in fact on the right side of the campaign finance reform issue: “It is unfortunately true that almost any meaningful campaign finance reform proposal raises unconstitutional issues and will provoke legal challenge. This is inevitable in light of the Supreme Court’s view — which we believe to be mistaken in many cases — that money is speech and attempts to limit the influence of money on our political system therefore raises First Amendment problems. We think…the Court should reexamine its premise that the freedom of speech guaranteed by the First Amendment always entails a right to throw money at the political system.” So that’s a big check-mark in my book — Unfortunately, other Clinton-era memos are less promising.

You down on OPM? (Yeah, you know them.)

“‘You want to pull your hair out, you want to scream, you want to shout,’ said Stephanie Jones, 32, of Hyattsville, who lamented that she is only ‘killing trees’ with her 75 federal job applications over the past three years. David T. Ellwood, dean of Harvard University’s Kennedy School of Government, describes it as a ’19th-century hiring system’ in which applications disappear into a ‘black hole.’ The process, ‘even at the best of times,” he added, “can take nine months or a year.’“

In a much-needed and long overdue move for anyone who’s ever used USAJobs.gov, the Obama administration moves to revamp and streamline the federal hiring process. “Although some government managers may like the current process because it weeds out certain applicants, calls for a hiring overhaul have come from across the spectrum, including unions, good-government groups, Democrats and Republicans.”

FinReg: Where Things Stand.

“Last week, Congress decided it would not confront Too Big To Fail, the single gravest threat to our collective financial security. But there are still several key Wall Street reforms worth fighting for–reforms that must be enacted before the next crisis hits, with or without a big bank break-up. And fortunately, key Senators have authored amendments dealing with each one.” In HuffPo, Zach Carter delineates the most worthwhile progressive amendments to financial reform still up for debate in the Senate. A good encapsulation of the state of play.

Change You Can Be Afraid Of.

“‘You’re coming of age in a 24/7 media environment that bombards us with all kinds of content and exposes us to all kinds of arguments, some of which don’t always rank all that high on the truth meter,’ Obama said at Hampton University, Virginia. ‘With iPods and iPads and Xboxes and PlayStations, — none of which I know how to work — information becomes a distraction, a diversion, a form of entertainment, rather than a tool of empowerment, rather than the means of emancipation.“

Sigh. We’ve come a long way from “Dirt Off Your Shoulder.” In a commencement speech at Hampton University over the weekend, President Obama channels his inner grumpy-old-man (Roger Ebert?) to warn new grads about the perils of gaming and gadgetry. First off, it’s a ludicrous statement on its face: iPods are not particularly hard to work — and, if they’re really insidious Weapons of Mental Distraction, why give one to the Queen (who, by the way and to her credit, has fully embraced the Wii?)

Speaking more broadly, misinformation has been around as long as the republic — go read up on the Jefferson v. Adams race of 1800. If anything, today’s information society allows people to more easily hear the news from multiple sources, which is a very good thing. In fact, the reason our political culture these days is constantly bombarded with irrelevant, distracting, and inane mistruths has nothing — none, zip, zero — to do with iPods, iPads, Xboxes, or Playstations. It has to do with ABC, CBS, WaPo, Politico, and the rest of the Village, i.e. the very same people the President was noshing with a few weeks ago at the ne plus ultra of “information becoming distracting entertainment“, the White House Correspondents’ DInner.

Finally, while the “multi-tasking is distracting” proposition does seem to hold water, scientifically speaking, the jury’s still out on the pernicious effects of Xbox’s and the like. In fact, there are plenty of studies suggesting that video games improve vision, improve reflexes, improve attention, improve cognition, improve memory, and improve “fluid intelligence,” a.k.a. problem-solving. So, let’s not get out the torches and pitchforks just yet. It could just be that the 21st-century interactive culture is making better, smarter, more informed citizens. (And, hey, let’s not forget Admongo.)

To get to the point, while it’s not as irritating as the concerned-centrist pearl-clutching over GTA in past years, it’s just a troubling dynamic to see not only a young, ostensibly Kennedyesque president but the most powerful man in the world tsk-tsking about all this new-fangled technology ruining the lives of the young people. Let’s try to stay ahead of the curve, please. And let’s keep focus on the many problems — lack of jobs, crushing student loan and/or credit card debts, etc. — that might be distracting new graduates right now more than their iPods and PS3s. (Also, try to pick up a copy of Stephen Duncombe’s Dream — Video game-style interactivity isn’t the enemy. It’s the future.)

Govt’s in Ur PC Taking Ur Net! …or not.

“This statement describes a framework to support policies that advance our global competitiveness and preserve the Internet as a powerful platform for innovation, free speech, and job creation. I remain open to all ideas on the best approach to achieve our country’s vital goals with respect to high-speed broadband for all Americans, and the Commission proceeding to follow will seek comment on multiple legal theories and invite new ideas.“In happier news on the Obama tech policy front (and after a disconcerting public wobble in the final days before the decision), FCC Chairman Julius Genachowski outlines a “third way” for Internet oversight that includes Net Neutrality and gives the agency Title II (i.e. regulatory) authority over transmission services, to prevent bad behavior by internet services providers (ISPs) controlling the pipe. (Net neutrality is explained here, but the “First Amendment of the Internet” is a good way of looking at it. Basically, it means ISPs can’t privilege and/or block content on a whim.)

While the Big ISPs begin to mount their counter-offensive, the usual blatherers on the Right are, naturally, decrying the decision as Phase 2 in the administration’s socialist-cryptofascist takeover to take over all things good and wonderful. Suffice to say, they don’t seem to understand the issue or the Internet very well. (Also, this is really a side matter, but, regarding the highly goofy “Big Guvmint is taking over the Internet!” meme: This is completely and utterly not true in any way. But, just so we all have the history straight: Big Guvmint created the Internet. If you haven’t heard of DARPA or J.C. Licklider, think Al Gore.)

Thune Unleashes a Corker.

“‘I think he’s a guy who’s willing to get down into the weeds,’ said South Dakota Sen. John Thune, who is No. 4 in GOP leadership. ‘Because he immerses himself in that and understands it so well — the positions he adopts may not always be the ones that everyone else in our conference comes to.’“

Hmmm, that explains a lot. In trying to explain why Sen. Bob Corker has been bucking the GOP line on financial reform of late, Sen. John Thune gaffe-tastically concedes that it’s because Corker actually tries to figure out what he’s talking about. “When Sen. Richard Shelby of Alabama started working on a draft outline of a GOP alternative to the Democrats’ bill, Corker said he didn’t plan on spending ‘any time’ on it. ‘At the end of the day — look it’s a messaging piece, isn’t it?’ Corker smiled.“

Madam Speaker.

“Late one night in January, as congressional leaders and White House officials tried to narrow their differences on the cost of the health-care bill, Rep. Henry A. Waxman (D-Calif.) gave Obama credit. ‘I don’t speak for the House, but this is a good offer,’…’Henry, I agree with you about two things,’ Pelosi interjected. ‘The president put out some numbers, and, number two, you don’t speak for the House.’“

The WP‘s Paul Kane profiles the inimitable Speaker of the House, Nancy Pelosi. “Some historians list her alongside Rayburn and his successor, John W. McCormack, as among the most influential speakers in the annals of Congress.” (What, no love for Joe Cannon? C’mon now, American history doesn’t start in 1945.)

In any case, from my ringside seat here in the belly of the beast, it’s pretty clear: Speaker Pelosi gets things done. “After Scott Brown’s special-election victory…some pushed for a scaled-down version of health-care legislation to draw Republican support. Pelosi balked. In a moment that has come to define her speakership, Pelosi mocked a scaled-down bill as ‘Eensy Weensy Spider’ health care.”