Le Show; 2013-01-06

From deep inside your radio at the sound of that tone, it was straight up top of the hour. US naval observatory time observing your naval since 2010. Ladies and gentlemen, this is New Orleans and it's New Orleans in the run up to the Super Bowl game, which is being played in this very city. And it resembles nothing so much as London in the run up to the Olympics. Hey, we better fix the place up. Companies coming. So yes, all the streets are being ripped up right now, but they'll be looking great for you if you're coming to town for the Super Bowl. And then they'll be, you know, ripped up again to make them like they used to be. I think, I think that's the plan. Anyway, nothing, nothing beats being in two cities where they're trying to fix it up for visitors. Remind me not to do that again. The sunny morning, yak shows today, somebody tweeted that they were more, almost in, in, immeasurably intractable and not worth watching than usual hard to say, high

bar, but there was one of them where the host, I think, was on Fox news. Yes, sometimes where John Roberts who used to be on CBS and as a Canadian. So there asked his two guests, one Republican and one a Democrat because, you know, we welcome all of you's and they're arguing about the debts, you know, the usual crap, the debt ceiling and the thing and the deficit and the thing. And if you're wondering why I call it the usual crap, check out the interview in October with Stephanie Kelton on this broadcast that transcript is at Harry share.com on the show page. Anyway, he's, they're wrangling and talking over each other and yelling, you know, the lovely stuff that they do because it's Washington and they ain't no cherry blossoms yet. So they got to do something. And he finally says John Roberts does, is there anything the two of you agree on? And they said, yes, we got to get this thing saw this debt and deficit, we got to get

it solved, which was a glaring omission, not noticed by the host of the program because there's something else that they, Democrats and Republicans agreed on during the fiscal cliff negotiations where it all seemed so contentious and diametrical. They both agreed on giving tax breaks to certain business, certain favorite businesses in the fiscal cliff deal. You probably have read this now, NASCAR, got a break, got a tax break, the film industry, God love them, got a tax break to make bigger fake guns, I guess, just a nice little list. It all went into a bill that was put together by a bipartisan coalition in the Senate way last August, just in case, and then what do you know, it gets folded into the fiscal cliff deal in the last minute, just if so, facto presto change, so yes, there is something the two parties do agree on tax breaks for their friends.

Don't tell Fox News. Perhaps the most remarkable sentences written this week come from a US judge, oddly enough, but sometimes, you know, even US judges have had a snootful such with the case with Colleen McMahon, federal judge in New York, who rejected an attempt by the New York Times to make public via lawsuit, the criteria by which the president and the administration decide whom they will kill in targeted drone attacks. McMahon, as I said, rejected the lawsuit, the attempt by the New York Times to make this stuff public. But and here is where we now quote, federal judge Colleen McMahon quote, but after careful and extensive consideration, I find myself stuck in a paradoxical situation in which I cannot

solve a problem because of contradictory constraints and rules, a veritable catch 22, I can find no way around the thicket of laws and precedents that effectively allow the executive branch of our government to proclaim as perfectly lawful certain actions that seem on their face incompatible with our constitution and laws while keeping reasons for their conclusions, a secret unquote federal judge Colleen McMahon writing about her snootful hello, welcome to the show. Sad and lonely all the time. That's because I've got a world in mind.

You see the world isn't an uproar. The danger zone is everywhere, everywhere. Just read your paper and you see just exactly what keeps following me. You see the world is in an uproar. And the danger zone is everywhere, everywhere, everywhere. My love for the world is like always. And the world is a part of me.

That's why I'm so afraid of all the progress that's been made to all eternity, eternity, every morning and every night. Finds me hoping that everything is alright. You see the world is in an uproar. And the danger zone is everywhere, everywhere, everywhere. You see the world is in an uproar.

And the danger zone is everywhere, everywhere, everywhere, everywhere. I said my love for the world is just like always, and the world is a part of me, yes, yes. And that's why I'm so afraid of the progress that's being made, through all eternity, eternity. Every morning, and every night, finds me hoping that everything is alright.

You see the world is in an uproar. And the danger zone is everywhere, everywhere, everywhere. From the shores of Lake Pontchartrain, Louisiana, spitten distance from Lake Pontchartrain, don't spit into the lake, please. It's high enough water levels, high enough already. I'm Harry Scherer welcoming you to this edition of the show. And yeah, the same guy that denounced the Bush administration for keeping the torture memo's secret made them public when he became president, now saying no, no, no, the legal justification for the drone killings. You can't make those public. Now, you see if it was politics,

people would call that flip flop, but I think it's just comedy. It's just a wonderful switch of rule. And now, ladies and gentlemen, news of the warm, won't you? The award-winning news of the warm, don't you know? We can listen to the war. Listen to the war. Oh, sorry, I was doing rod. A new study by scientists from the Swiss Federal Institute for Forest, Snow, and Landscape Research and from the Ecole Baudite technique, Federal de la Zonne. You're welcome. Describes for the first time what lies behind a change in vegetation, explaining why vascular plants are at advantage over peat mosses in a warmer climate. The research team closely monitored four peat sites at various altitudes over a period of three years.

The selected altitude difference that altitudes reflect the expected changes in climate conditions for the year 2050 in Northern Switzerland. They observed that the increase of shrub cover and soil temperature along the additional altitudes were responsible for a decrease of almost 50 percent in the production of new litter by peat mosses. They're the main contributors to peat accumulation. Why all this bother about peat? Why all this repeat for that matter? The analysis showed that vascular plants can increase the availability of soil nitrogen by means of specific compounds contained in their leaves. They exploit the nutrient for their growth. A process becomes more and more frequent when soil temperature increases. At the same time with higher soil temperature, these vascular plants release a greater amount of organic matter into the soil through their roots, and this stimulates the decomposition activity of soil microbes. As fewer peat mosses grow, there will be less new peat to store atmospheric carbon.

That's the point of the thing. In addition, the increased decomposition activity of soil microbes accelerates the decomposition of old peat. You remember him used to hang out of the store. Thus carbon that might otherwise be kept in storage for millennia by peat can be released into the atmosphere. The situation casts a shadow on the capacity of peat lands to continue to accumulate atmospheric carbon. As a consequence, peat lands can turn from carbon sinks to carbon sources, thus intensifying the climate warming instead of contributing to reducing it. Peat lands cover only 3% of the world's surface. They store about 30% of all soil organic matter and amount equivalent to about half the atmospheric CO2. On global scale, peat lands stock an amount of carbon which is twice the carbon stock of all forests. In this sense, peat lands can be considered hot spots of carbon accumulation. They've contributed over millennia to cool the climate by retrieving greenhouse gases from the atmosphere.

So maybe not for much longer. Say goodbye to peat. Some 40 million people depend on the Colorado River Basin here in this country for water, but warmer weather from rising greenhouse gas levels in a growing population may signal water shortages ahead in a new study in nature climate change. Climate modelers at Columbia University predict a 10% drop in the Colorado River's flow in the next few decades. So California and Arizona will be arming themselves for the battle. That will disrupt this rough long-time water-sharing agreements between farms and cities across the American Southwest from Denver to Los Angeles to Tucson and through California's Imperial Valley. Maybe they'll stop growing cotton and rice in the driest part of California. You think it'll emit? No, that's that's not from Colorado River water. I don't think that's not what irrigates that, but still cotton and rice, the two most water hungry crops

in I think agricultural cultivation grown in the most water hungry central valley of California. Nuddy, right? It may not sound like a phenomenally large amount except the water and the river is already over allocated, says Richard Seeger, a climate scientist at Columbia. His study expands on findings published five years ago in the journal Science that the American Southwest is becoming more arid as temperatures rise and rainfall pattern shift do they say to human cost climate change. It also comes on the heels of a major study of the Colorado River basin by the US Department of Interior that projected longer and more severe droughts by 2060, 2060 like we're going to be around the 2060 and a 9% decline in the flow of the Colorado. The projections are spot on says Bradley Udall yet another Udall. They're breeding them. An expert on hydrology and policy of the American West at the University of Colorado Boulder,

UCB. Everyone wondered what the next generations of models would say. I wonder how they'd look. Now we have a study that suggests we better take seriously the drying projections ahead. The drying is expected in all three regions of the Colorado, the headwaters, the California Nevada region, or Calneva, as Frank Sinatra used to call it, and Texas. As I say, drying expected in all three regions as warmer temperatures trigger more evaporation even in places that may see greater seasonal rain or snowfall according to the study. So build that big sister now. The population grows in the Southwest is putting added pressure on regional water resources to put the Colorado flow projections in context. They 10% decline is about five times the amount of water that Vegas uses in a year. And the water that Vegas uses stays in Vegas. With alternate water sources tapped out, the West will likely have to meet the decline by cutting back on water use. You can't go build another water project. Udall said that's what makes

this problem so difficult. News of the warm, ladies and gentlemen, it is a copyrighted feature of this broadcast. And now what the frack? No, I take it back. Oh, yeah, what the frack? Why not? Here it is. Scientists are once again reporting alarmingly high methane emissions from an oil and gas field, underscoring questions about the environmental benefits of the natural gas boom. Here in the United States, this according to nature news, which publishes. Yes, news of nature. The researchers who held joint appointments with NOAA and the University of Colorado Boulder, wow, there's that UCB again. First spark concern last February with a study suggesting that up to 4% of the methane produced at a field near Denver was escaping into the atmosphere. Methane, as you know, is a potent greenhouse gas, much more potent than carbon dioxide.

If it's leaking from fields across the country, it's similar rates. It could be offsetting the climate benefit of the shift from coal to gas. You see, industry officials and some scientists can tested that claim last year, but an American Geophysical Union meeting in San Francisco last month, the research team reported new Colorado data that support the earlier work as well as preliminary results from a field story, field study in Utah, suggesting even higher rates of methane leakage and eye popping, 9% of the total production. Are your eyes popping? Put them back in. Come on. That figure is nearly double the cumulative loss rates estimated from industry data. We were expecting to see high methane levels, but I don't think anybody really comprehended the two magnitude of what we would see, says Colm Sweeney, who led the aerial component of the study for NOAA, whether the high leakage rates claimed in Colorado and Utah are typical across U.S. natural gas industry remains unclear. Boom may be a bane, and it's found that high concentrations of salts, including radium and barium salts are present in the

flow back waters from fracking operations, lending, leading to fears over potential groundwater contamination. This is from oilprice.com. The amounts of the various salts are greater than those in the mysterious fluids used in the fracking operation, fracking the hydraulic fracturing of shale to get natural gas out. And their specific concentrations are consistent with having arisen from an underground aquifer set down during the Paleozoic era. You know, when Larry King was young, fracking, as we explained, researchers at the University of Pennsylvania analyzed samples taken principally from four different sources. Brian's recovered from 40 conventional oil and gas wells in Pennsylvania, flow back waters from shale wells, fracking wells, two more samples of shale wells and similar waters from eight horizontal wells. The results show that flow back waters from the fracking contained a very high degree of salinity and consistent with the

concentrations of salts contained in the waters used for the fracking, the weird water chemical mixture used. And it's proprietary. Don't ask what it is used in fracking. Rather, it appears these additional elements stem from the Paleozoic era, which was the earliest of three geologic eras of the phanorzoic, eon, lasting from five hundred forty one to two hundred fifty two million years BP before BP, I guess, or for Christians 48 hundred years ago. The Paleozoic is divided into six geologic periods, including the Cambrian and the Devonian ones. And the Permian, we've heard of those, the Paleozoic was a period of dramatic geological climate and evolutionary change, specifically the study of the examined fluids that were brought to the surface within 90 days of fracking. It contained a high range of elements, high amounts of a range of elements, most disturbingly radium and barium, which were washed up from some eight thousand feet below the

surface. This might appear to run counter to the view that groundwater contamination is impossible because of the great depths at which fracking is done and to well below the water table. This investigation raises issue not over the corrosive salts and benzene that are in the fracking fluid to begin with, but over the exhumation of other toxic materials previously sequestered in the rock over millions of years. The measured levels of radium and barium are significantly greater than those deemed acceptable in drinking water. So learn to find barium and radium acceptable, won't you? Thank you. And so the necessity to dispose properly of the waters from fracking operations is now of a higher possible priority. A count should be taken of the kinds of materials, that may be washed up from deep underground, who's washed up? Oh, sorry, as well as the intrinsic compensation of the fracking fluid. If the waters are disposed of in cautiously, there may be a real risk of water supplies becoming contaminated by substances that are naturally

occurring, but nonetheless highly dangerous, Professor Chris Rhodes writing in oilprice.com. And that nutty, the paleozoic, ladies and gentlemen, sending a love message to us, just like, you know, just like we will with our nuclear waste, but more about that in a moment, in the meantime, news from outside the bubble. First of all, from the Guardian newspaper, and a lot of these are both, well, one of them is about a set of words missing from a British Prime Minister, similar to the words missing from that Sunday morning yaksho. David Cameron, the British Prime Minister, is pledged to make, quote, damn sure, unquote, that Starbucks and other multinationals found to be legally

avoiding paying taxes and Britain paid their fair share on the future. We talked about this issue back when I was in London. Prime Minister accused Starbucks Amazon and Google of lacking, quote, moral scruples, unquote, by seeking ways to minimize their tax payments to the government. These comments were made to business leaders and young entrepreneurs. Weeks after the parliament accused the three companies of immorally minimizing their UK tax bills by using secretive jurisdictions and complex royalty payment structures. We've got to crack that, Cameron said in response to a businessman's question. I want to make damn sure that those companies pay it. It's simply not fair or not right what some of them are doing by saying, I've got lots of sales here in the UK, but I'm going to pay a sort of royalty fee to another company that I own in another country that has some special tax tips, this sensation, unquote. Cameron claimed he was going to put tax avoidance right at the top of the agenda of the UK's presidency of the G8 group of leading economies. I'm sharing the G8 this year, so I'm going to be getting the Americans and the French and the Germans and the towns and the Japanese all to look at this together. How we can

try and stop unfair tax farming practices. Cameron said some companies have told them their really aggressive tax avoidance, quote, was all within the law. Well, actually, there are a lot of things that are within the law, he said, but we don't do because actually we have some moral scruples about them. And I think we need this debate about tax too. Unquote. Notice he never said they should change the law. Just moral scruples. From Ulta from the Guardian, Britain and other European countries must use the money saved by withdrawing from Afghanistan to re-equip their military and help reverse worrying cuts in defense spending. Who says that? The American ambassador to NATO. Evil, dolder. Yes, he's an American. Says if Europe did not invest in new military capabilities, its over-aliance on America would continue at a time when Washington has made the Far East and China our new strategic priority. If we don't start soon in investing in those capabilities, then the gap between the US and

the rest is going to grow. And if it is bad now, they will be worse. UK and the US are preparing as you know, to withdraw thousands of troops from Afghanistan. Cameron announced two weeks ago that 3800 Brits will withdraw from Afghanistan in the next 12 months, hinted the total could be higher. The defense budget in Britain has been under huge strain given the pressure for spending cuts that have fueled so far a double dip recession in Britain. Treasury officials have privately urged the Prime Minister to speed up the withdrawal from Afghanistan to cut costs. See, ultimately, yes, it does come down to money. Dolder, however, the US ambassador to NATO believes NATO allies should plow these savings back into military equipment that is urgently needed. He said last year's Libya campaign had shown NATO is capable of reacting quickly and effectively to a crisis, but warned it had also exposed worrisome trends in Europe's ability to act without relying heavily on US help. If it says not addressed,

he warned NATO would not be able to undertake a Libya style campaign again in 10 years time. Oh no, what then for Europe? You revealed US it sold some advanced munitions to NATO during the Libya campaign because European stockpiles were running out. Thank God the US sells arms to NATO. Could that be at the basis of what he's recommending? It did demonstrate he said the Libya campaign that stocks of equipment had run out and the people were not investing sufficiently to have these capabilities. Countries withdrawing from Afghanistan, he said, should not use the peace dividend to spend on other parts of their budgets. It should be retained and be reinvested in re-equipping the force, investing in new capabilities. What we don't want to see is we take those savings and pump them into other parts of the budget. We would, we, I guess that's you and me, ladies and gentlemen, he's speaking for us. We would like those savings to be reinvested in real capabilities, you know, not like schools and

hospitals, real capabilities, because in part the expenditure in Afghanistan has come at the cost of procuring new capabilities. Oh really? I see Afghanistan cost, yeah. Daulters, remarks, reflect concern in the US that Europe cannot wean itself off American military help. The White House wants Europe to shoulder more of the burden to keep NATO robust. Daulters said the lack of munitions for the air campaign over Libya was a signal there's a lack of investment in critical court capabilities by the Alliance. Not whether we can start a conflict, but whether we can sustain a large scale conflict over time. That's what's now in the agenda. Says the US ambassador to NATO. Priorities, okay, we have to, we have to re-equip. I mean, sorry, the Europeans have to re-equip because otherwise what the hell is going to happen. We will never be able to do another Libya. They'll never be another Libya. Ladies and gentlemen,

news of the godly and I share this with the, I had a certain amount of apprehension that the the host of this broadcast was being played for a bit of a joke here, but apparently this is all real. But I give you that disclaimer in advance in case it turns out tomorrow or Tuesday that this didn't turn out to be real. I had my dad. I have my doubts, but still it's from a weekly newspaper in Colorado. No, sorry, Illinois. Illinois Times. Checked it out. It exists. It's real. The story appeared in it. So I share it with you in this week's news of the godly. The pastor of St. Aloisius Church on Springfield's north end has been granted a leave of absence after he called 9-1-1 from the rectory. Here now published by the newspaper is the tape of that call.

And I will one other. I'm stuck in a pair of handcuffs. I'm going to meet help getting out before this becomes a radical emergency. What's the problem? I am stuck in a pair of handcuffs. You're stuck in a pair of handcuffs? Yes, playing with them. So I need some help getting out. Okay. What's the address where you're at? Two, one, one, nine, north, point up. Your name? Okay. Is this a business? You're out? It is actually off. Okay, what's the business? Yeah, we're at it. Okay. We're at it in the building, are you?

Oh, I am in the front room. One to the front door. Okay, hold on one second. Yes, sir. Okay, we're going to get help over there for you. Okay. Are you an employee there? Yes, I am. Okay, are you the only one there? Yes, I am. Okay. Okay, here. All right. We'll get somebody over there. Okay. That's Father Tom Donovan, speaking to the 911 dispatcher. In case you notice some impediment to his diction, police discovered some sort of gag on the priest when they arrived. The dioceses have been tight-lipped about the matter, if not gagged, saying only the Bishop Thomas Puprosky granted Donovan's request for a leave of absence at some point before Christmas. The diocese knows about the incident given that an attorney for the diocese was given the copy

of the 911 tape. A spokeswoman for the diocese said that the diocese also has a copy of a police report on the matter. The spokeswoman would not discuss or disclose the pastors whereabouts or say whether he's staying at a church affiliated location. Donovan apparently approached the Bishop after the incident and asked for hope. He came to the Bishop before anyone was aware of the incident, said the spokeswoman. He came to the Bishop and asked for help and we granted leave. The police account jibed with what the pastor told the Bishop. I would find my handcuffs. News of the godly ladies and gentlemen, they just get godlier. A copyrighted feature of this broadcast. And now, uh, yeah. And now a little drum fill, for your listening pleasure. But, um, here is what it should have been. Symbols, not drums.

It's always the same to me. It's always just another year. It's, uh, it's a heartwarming view of life itself in the modern world. Addy, our friend, the Adam. Here is we share you with you news of the Adam. I'm excited. All new year of news about the Adam. Yeah, it is exciting. First off, clean up crews in fuk province. Prefecture, they call it in Japan, have dumped soil and leaves contaminated with radioactive fallout into rivers. Water, spray and contaminated buildings has been allowed to drain back into the environment and supervisors have instructed

workers to ignore rules on proper collection and disposal of the radioactive waste. Aside from that, it sounds good. Decontamination is considered a crucial process in enabling thousands of evacuees to return to their homes. Says Asahi Shimbun. But the decamination work, the contamination work witnessed by a team of reporters from the paper shows that contractual rules with the environment ministry have been regularly and blatantly ignored. And in some cases, could violate environmental laws. But they just environmentalize. They're not real laws. If the reports are true, it would be extremely regrettable. Said the governor of the prefecture, you hey, Sato. I hope everyone involved will clearly understand how important decontamination is to the people of Fukushima. He called on the environment ministry to investigate and presented clear report to the government. The Shadi practices may also raise questions about the decontamination program itself and the huge amounts of money being pumped into the program. Initially, 7.4 billion to decaminate decontaminated areas hit by radioactive substances from the Fuk thing. Work has already begun and form municipalities remove radioactive substances from

areas within 20 meters of buildings, roads and farmland. The environment ministry itself doesn't have the know how. So it's given contracts to joint ventures led by major construction companies to do the work. Insighting the contracts, the environment ministry established work rules requiring the companies to place all collected soil and leaves into bags to ensure the radioactive material wouldn't spread further. The roofs and walls of homes need to be wiped by hand or brushes. The use of pressurized sprayers has limited to gutters to avoid the spread of contaminated water. But during December, for a Sahi reporter spent 130 hours observing work at various locations. At 13 workers were seen simply dumping, dumping collected soil and leaves as well as water used for cleaning rather than securing them for proper disposal. Photos were taken. The reporters also talked about 20 workers who said they were following the instructions of employees of the contracted companies or their subcontractors in dumping the materials. A common response of the workers was there to decontamination work could never be completed if they adhered to the rules.

Can't argue with that. Nearly four years after it's expected completion date, a processing plant that's vital to cleaning up deadly nuclear waste near Aiken, South Carolina is only 65% finished and hundreds of millions of dollars in the red. The Savannah River salt waste processing plant originally was scheduled for completion in 2009. But problems with its design and the types of materials needed in the facility have delayed work and sent costs skyrocketing. Early US Department of Energy estimates played the process place the prospect. Are you having trouble? Yeah. Place the projects cost at 440 million. The cost later was revised to 900 million. Today, it's risen to 1.3 billion. But delays in the project are also concerned to the public for environmental and safety reasons without the salt water processing, salt waste processing facility efforts to clean up some of the world's most dangerous atomic waste could be delayed. In the case, the Cold War weapons build up at Savannah River left a legacy of dangerous atomic waste and site managers are now working to clean up the toxic mess. The

most dangerous waste sits in 47 aging tanks that are prone to leaks. Hey, who isn't? Managers say the salt waste plant likely will not open until at least 2018, nine years after its initial target date for completion, although that date is tentative and could be pushed back. Tell me more about food. Okay, first request from Addy. In one of the first estimates of when food evacuees may return to their homes, the mayor of one nearby town is telling former residents it could be 20 years away. He said 30 years is a realistic goal because that's roughly the half-life of radioactive cesium 137. The mayor said he would call on the central government and on Teppco to carry out third the further, sorry, thorough decontamination work. We just heard about how thorough it is. And he would dedicate those 30 years to improving living conditions for evacuated residents, he said. The central government, though, has made no

promises about the return of people who were forced to flee from highly contaminated areas, despite evacuees voicing frustration at being left in limbo. Tom, left in limbo. Right, give you a minute, Addy? Pleasure. Same here. News of our friend, the Adam, as the evacuees are left at the point of no return. I told myself you'd always be a habit I could break. But now, a day without your kiss would be so hard to take. You just can't get off a train that's moving down the track. I'm at the point of no return.

And for me, there'll be no turning back. Once I could have said goodbye, but that was at the start. Now, I think I'd rather die than be the one to say we'll part. Maybe you will break my heart. Or maybe you'll be true. No matter what the future brings, I've got to see it through. Maybe your love for me is not been but an act. I'm at the point of no return. And for me, there'll be no turning back. Yeah, for me, there'll be no turning back.

And now, ladies and gentlemen, this is Lesho with Follow the Dollar. Follow the Dollar, Lesho's here. President Obama will accept unlimited corporate donations for his inauguration. This month, reversing his position from his first inauguration, according to two sources, talking to Politico. It's not a flip flop. It's a switcheroo. There are no legal limits for inauguration deductions. But four years ago, the president capped all contributions at $50,000 and barred companies from kicking in any money. But the source to say the new decision is driven by pragmatism.

The president and his team just wrapped up the most expensive campaign in history, cost topped with billion. And they determined that their donors are simply tapped out. The committee will not accept money from lobbyists or PACs. And they said the identity of all contributors and the amounts they give will be disclosed regularly on the committee website. This isn't the president's first reversal from a previous stance on contributions after nearly two years of blasting super PACs. He announced he wouldn't mind his supporters this last February writing multi-million dollar checks to super PACs. Previous presidents, of course, accepted large corporate contributions. Now, this one will, too. That hate to call your life. Father knows best. Miss Kitten.

Yeah, through with homework already. No, man. Well, they don't start up homework again until after Dr. Martin Luther King Jr. day. Oh, I'm not surprised. Take until then just to say the name of the holiday. Oh, now don't you beat disrespecting three-fourths of my heritage. I'm just teasing you, Miss Kitten. But I can't talk now. We've got a big dinner happening tonight. Oh, not another one. It seems like I only get to have regular dinner with mom and dad four or five times a week now. So, who do I have to be nice to tonight? Oh, I don't know the name, Miss Kitten. All I know is he must be very important. Oh, you're using the good China? We are using the imported wine. Really? Oh, yes. Half my crew are back there slapping California labels on the bottles right now. So, basically, you figure you'll get around the Chinese censorship with your new mobile platform?

Well, we may not get around the censorship, but at least we'll be selling ads over there. Don't be too evil, huh? Well, don't be too evil for too long, I guess. By the way, Madam First Lady, my compliments on the wine. This is from Napa. That's what the bottle says. And you can call me Michelle, after all. I think we're sitting together at the platinum inaugural ball. Oh, and thanks for your contribution, Eric. Makes a difference. Well, if two million dollars didn't make a difference, the federal reserve should start re-inking their printing dress. Daddy? Oh, just a second, Kitten. Daddy's talking business. You mean the people's business? Oh, you got her, Tarendra. Ha, ha, ha. Soon she'll be writing your speeches. Hey, soon enough she'll be giving them. So, if you need any help with the EU people on the antitrust stuff,

obviously I have no pull with the guys over at the Justice Department. Obviously. But I will sit here and wish very hard on your behalf. Honey, your daughter really wants the word with you. Oh, sure. What is it, cop cake? Daddy, remember when I was back in first grade? Absolutely. That was first election in first six months of first term. That was bait. And right after Christmas, you took precessing me to lunch, and a man from Microsoft came up and offered you a chat for your inaugural ball, and you refused it. Oh, sure, I remember, Kitten, you called it my Nogahide ball. I also remember that you in precess looked so grown up and lady-like that day. Not that there's anything wrong with looking like kids. Heck, no, I still try to. But you told us you never take money from a corporation for your balls.

I beg your pardon? Ah, she means inaugural balls. That's a relief. Ha, honey. Yes, dear. Sounds like you've got a teachable moment. Yeah, come here, Kitten. Wow, you're so tall in your training heels. Now, honey, do you know what pragmatism means? Sure, we studied that last year in our unit on the political philosophies of super heroes. Well, as you know, it means having to adjust to changing realities. Last year's campaign was much more expensive than our first one. You know that. Oh, I sure do. That's the excuse mom gave for not getting a new pair of hugs. Well, we just felt it was unfair to our individual donors who gave so much to help us to ask them to give one more time.

Besides, so many of them were my executives anyway, just seem simpler to cut out the middlemen. But daddy, a couple of the boys at school say this proves you don't stand by your principles. Tell them the rest, honey. Well, their dads work for Goldman Sachs. Well, two things. First, I don't want those boys paying for your lunch. Uh-huh. And second, I think Mr. Eric here may have a little surprise for you. Can I call you kitten? I guess. Well, how about a dongle with the platinum version of our search engine on it? It'll give you results nobody else in your classes will be getting. Wow, that sounds pretty cool. And you know what else is cool, Captain? What? The principles are like mountains. How's that? Sometimes they look better when you get farther away from them. Oh, uh, more coffee, Mrs. President? Well, I think we'd all like some Manuela.

Mm-hmm. Including our very grown-up kitten. Ha-ha-ha-ha-ha-ha-ha. Uh-huh. Uh-huh.

Because when you're done with this world, you know the next is up to you. And it's wife told his kids he was crazy. And his friends said he'd fail if he tried. Oh, with the words to work hard and a library card. Took a home and a family, one man suffering right. That morning the sea was mad and I mean it waves as big as it's seen it deep in his dreams and home.

From trial and he rolled it over to wet sand, closed the hatchup with one hand and paddled our phone. Because when you're done with this world, you know the next is up to you. And for once in his life it was quiet as he learned how to turn in the tide. And the sky was a flare when he came up red and his home made a family, one man suffering right.

Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. Uh-huh. One evening, one week's at pass and she's leaving. The car she planned on receiving finally made it home.

She accepted the news she never expected. The operator connected. The car from Tokyo. Because when you're done with this world, you know the next is up to you. Now his friends bring him up when they're drinking. After bar was named on the side. And they smile when they kid as they speak of the man who took a home made family. One man suffering right. Uh-huh. Uh-huh.

Uh-huh. Uh-huh. Uh-huh. This is on. The new F bomb for closure. As you know, more than, uh, you may know more than four one hundred thousand people have had their foreign homes four close since the housing bubble in Florida verse five years ago. Now for some it's payback time hundreds of homeowners and condo associations are for closing on banks. Their expenses on the properties they repossessed when banks for close on a home they become responsible for paying fees to the homeowners association. And all expenses going forward in many cases banks are failing to pay leaving the associations short on cash. Now homeowners groups are putting leans on the properties until the banks pay up and for closing on them if they don't. But in case you think that's the beginning of the turning of the wheel in the other direction. The New York Times, yeah, uh, reports that regulators are close to settling with 14 banks whose disclosure four closure practices had written roughshod over borrowers and the rule of law.

The deal has not yet been made official, but the initial reports that borrowers who had lost their homes would receive a total of three point seven five billion. The numbers will tell you that that if 10% of the 4.4 million borrowers who had foreclosure during this period were harmed each would get roughly $8,500. That was a far cry from the possible penalties outlined last year by the federal regulators requiring the reviews that have been undertaken and have been stopped in the wake of the possible settlement. The one thing this story did not mention, however, is that one of the people who were conducting the reviews required in this process, the process that was short circuited by the possible settlement was an internal review an independent review paid for by the banks. So you know how independent it was of the practices to find if there was homeowner harm one of the guys who was conducting one of the reviewers hired by the private company hired by the banks, uh, wrote in a comment to make attack capitalism.com his experience of what happened, which was first of all the homeowners were notified that they could apply for review only by direct mail to the homes that they were no longer in because they've been foreclosed out of them.

And then the process continued of supervisors telling him and his colleagues who he says were highly qualified for the work to ignore most of the harms they found including the ones that involved quote issues of law ignore those we're not lawyers after all the new F bomb ladies and gentlemen continues to explode. Ladies and gentlemen that's going to conclude this week's edition of the show the program it turns next week at the same time over these same stations or NPR worldwide throughout Europe.

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