Oh flying fucking spaghetti monster who art delicious:
Mike Beard, a Republican state representative from Minnesota, recently argued that coal mining should resume in the Land of 10,000 Lakes, in part because he believes God has created an earth that will provide unlimited natural resources.
“God is not capricious. He’s given us a creation that is dynamically stable,” Beard told MinnPost. “We are not going to run out of anything.”
Beard is currently in the midst of drafting legislation that would overturn Minnesota’s moratorium on coal-fired power plants, an effort that he backs due to his religious belief that God will provide limitless resources while ensuring that humans don’t destroy the planet trying to get them.
Quick, here’s a link to get your mind off of teh stupid you just read.
(via Poor Mojo)
Buses are for socialists anyway:
MADISON, Wis. — Madison’s Metro bus system could see big changes under the governor’s budget repair bill.
The city’s transit system would have two options if the governor’s bill passes.
Either the system must be completely restructured, or lose $45 million in federal funding.
The situation came about because federal law requires collective bargaining rights on wages, pensions and working conditions for that aid. City officials say this detail is something that was overlooked by many.
Matt Taibbi: Why Isn’t Wall Street in Jail?
Criminal justice, as it pertains to the Goldmans and Morgan Stanleys of the world, is not adversarial combat, with cops and crooks duking it out in interrogation rooms and courthouses. Instead, it’s a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats. At the Hilton conference, regulators and banker-lawyers rubbed elbows during a series of speeches and panel discussions, away from the rabble. “They were chummier in that environment,” says Aguirre, who plunked down $2,200 to attend the conference.
Aguirre saw a lot of familiar faces at the conference, for a simple reason: Many of the SEC regulators he had worked with during his failed attempt to investigate John Mack had made a million-dollar pass through the Revolving Door, going to work for the very same firms they used to police. Aguirre didn’t see Paul Berger, an associate director of enforcement who had rebuffed his attempts to interview Mack — maybe because Berger was tied up at his lucrative new job at Debevoise & Plimpton, the same law firm that Morgan Stanley employed to intervene in the Mack case. But he did see Mary Jo White, the former U.S. attorney, who was still at Debevoise & Plimpton. He also saw Linda Thomsen, the former SEC director of enforcement who had been so helpful to White. Thomsen had gone on to represent Wall Street as a partner at the prestigious firm of Davis Polk & Wardwell.
Two of the government’s top cops were there as well: Preet Bharara, the U.S. attorney for the Southern District of New York, and Robert Khuzami, the SEC’s current director of enforcement. Bharara had been recommended for his post by Chuck Schumer, Wall Street’s favorite senator. And both he and Khuzami had served with Mary Jo White at the U.S. attorney’s office, before Mary Jo went on to become a partner at Debevoise. What’s more, when Khuzami had served as general counsel for Deutsche Bank, he had been hired by none other than Dick Walker, who had been enforcement director at the SEC when it slow-rolled the pivotal fraud case against Rite Aid.
“It wasn’t just one rotation of the revolving door,” says Aguirre. “It just kept spinning. Every single person had rotated in and out of government and private service.”