Moore told me he had been accepted into the acting program at Emerson College in Boston and would go there next year after he graduates from high school. He told me he was one of five siblings who had been in foster homes, but it was their dad, a home care worker, who raised them. “I’m really proud of him,” he said.
Related stories:
The word on the street: disillusioned
The word on the street: apprehensive
It really amazes me that the race is as close as it is between Brown and Princess Fauxcahontas.
#1 Posted by Mike H, CJR on Mon 1 Oct 2012 at 04:00 PM
"It really amazes me that the race is as close as it is between Brown and Princess Fauxcahontas."
It amazes me too how a guy can put his people out in public to whoop it up like racist yahoos like this Fauxcahontas crap is something to be proud to run on.
It's sort of like his whole "well professor, I drive a truck" shtick. This is Massachusetts, as in the Institute of Technology, not 'rather vote for a white felon than the black guy' Virginia. Does he really believe this good ol' boy campaign appeals to these voters?
And is the vote really this close?
#2 Posted by Thimbles, CJR on Mon 1 Oct 2012 at 04:41 PM
I don't see how even the good ol' boy vote respects him after getting in his truck and running from every debate until Harry Reid forced him to pull over.
I guess he was too busy with kings and queens to talk issues with the lady professor in glasses.
I mean he gives no reason for the people who don't like him to vote and he publicly acts like a chicken trying to puff itself up like a racy little rooster in front of the people who do. Nice guy to have a beer with, but I wouldn't want to vote for him.
#3 Posted by Thimbles, CJR on Mon 1 Oct 2012 at 04:53 PM
Just like Battle Axe, Hatchet Face, Eagle Nose, Like those Indians .... Elizabeth Warren is an Indian too.
In all fairness, maybe its her (alleged) genealogical roots that led her to believe she didn’t need a Massachusetts law license to practice there.
But I suppose you might have a point, this race is about the issues, not whether or not Warren’s ancient family recipe, “Pow Wow Chow” was any good. Warren’s brave stands against the 1% on behalf of the rights for the 99%, like when she represented Travelers Insurance when they were seeking immunity from asbestos claims or when she helped LTV Steel screw a coal mine it bought out of $140 million in pension liabilities.
#4 Posted by Mike H, CJR on Mon 1 Oct 2012 at 05:07 PM
"like when she represented Travelers Insurance when they were seeking immunity from asbestos claims"
You remember the deal that the Obama Admin struck with the banks to let them walk without the worry of prosecution over the robo-signing scandal? Or BP over the macando well cleanup? Travelers was setting up a similar sort of deal to protect itself from suits over asbestos claims so that victims could get half a billion dollars without having to war for it in the banks and Travellers could walk free from victim's lawsuits because the victims could get their money from the 500 million dollar pot. Ideally it was win win. That was the outcome Elizabeth Warren argued for.
Later another court ruled something similar to this, 'since the agreement BP signed compensated victims from a fund in exchange for a release in liability - and the liabilities have not stopped since folks like the hotels are suing about their business losses, BP is released from the obligation to pay into the fund.'
'Oh. So that means we're back at square one, individuals suing?'
'Oh no! BP would have met its obligation had I, the judge, not released it. Therefore, the immunity from individual liability stands.'
That's how the Traveller's Insurance scam worked. Elizabeth Warren played no part in the second case. This is evidence of a f*cked up system, not evidence that Elizabeth Warren went to screw asbestos people.
Who are you trying to kid?
#5 Posted by Thimbles, CJR on Tue 2 Oct 2012 at 01:06 AM
As to the LTV case, if I am reading it correctly, LTV was a conglomerate (which was basically private equity without the benefits of the leveraged buyout debt incentives that came about in the 1980's - see the ITT corporation). The aquired units under conglomerates weren't performing any better under new management than the old version, no benefits from synergies were passing on, so conglomerates got beaten up by the markets for a while. And so LTV got out of coal and a bunch of other industries to focus on steel:
http://www.bostonglobe.com/metro/2012/09/24/warren-represented-coal-mining-company-bankruptcy-caseb/HTgZwpjNJBy8aL6geQ8jXI/story.html
"LTV got out of the coal business in the early 1980s and reorganized under bankruptcy laws in 1986."
And they weren't alone. Many companies were sheding their coal operations and George Bush I signed a law to create a fund to take care of legacy employee obligations. In 1992.
"In response, Congress passed the Coal Industry Retiree Health Benefit Act, known as the Coal Act, which President George H.W. Bush signed in 1992.
The act required LTV and other companies that had been in the coal business to pay the cost of benefits for their former employees, as well as for some employees who had been “orphaned” by other former coal companies, into a new fund. LTV, according to court documents, estimated its cost of paying into the fund at $12 million a year or more."
So the question on the table was, are entities on the hook for new obligations signed into law near a decade and a bankruptcy after they left the industry? And this is an important question because LTV was struggling to pay the pensions from the businesses they still had and not collapse.
"The case involved the question of whether LTV, which was emerging from bankruptcy when the Coal Act took effect in 1993, could be forced to pay out more money after its bankruptcy was completed. Warren argued that the company’s obligations under the Coal Act should have been addressed as part of the bankruptcy.
Warren worried that in the future, similar claims would also have to be put off until the bankruptcy procedure ended, her campaign said. That could imperil victims of companies that shut down completely instead of reorganizing as LTV did, her campaign said."
In the end, however, the courts ignored that position and:
"The failure of LTV Steel, for example, cost the [U.S. Pension Benefit Guaranty Corp] $1.9 billion."
Oh. Wait a second. Are you telling me the republicans want to talk about US Steel and the worker's pensions during this presidential election, again?
You guys are serious?
#6 Posted by Thimbles, CJR on Tue 2 Oct 2012 at 02:47 AM
And Scott Brown really wants to talk about the way victims got screwed out of their funds when he killed the option for banks to fund their own oversight and failed institution unwinding putting the taxpayer on the hook AGAIN when the banks eventually collapse AGAIN?
http://mobile.boston.com/art/25//news/nation/washington/articles/2010/06/30/browns_threat_gets_bank_tax_removed/;jsessionid=673803648FEBCF64660A4B7CB8E07CC0?single=1
Plus he supports our banks mucking around with hedge funds and private equity:
http://voices.washingtonpost.com/ezra-klein/2010/06/scott_brown.html
And you guys are serious? The race is this close? *facepalm* America, you can do better than this.
#7 Posted by Thimbles, CJR on Tue 2 Oct 2012 at 03:07 AM