Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
Congressional leaders hammer out deal to allow pension plans to cut retiree benefits (Michael A. Fletcher, The Washington Post) The bipartisan agreement in the House will likely be attached as an amendment to the $1.1 trillion budget deal that funds government operations through next September and must be passed and signed by the president before midnight Thursday to avoid a government shutdown.
The law will affect "multi-employer pensions, where a group of businesses in the same industry join forces with unions to provide pension coverage for employees". About 10 million U.S. workers are covered by such plans and some are in serious trouble. People already retired could see pension reductions.
Too bad for those retirees their pension plans are not mega-banks. We know how TBTF banks would be treated in this situation.
Today we have an unusually long public section for WWRT (What We Read Today).
The following are selected articles for discussion regarding the just released Senate report on "Torture". Additional articles are listed in the reading list following these discussions.
Senate report on CIA program details brutality, dishonesty (Greg Miller, Adam Goldman and Julie Tate, The Washington Post) A comprehensive, five-year Senate investigation of the CIA’s secret interrogations of terrorism suspects has issued its report. It describes “levels of brutality, dishonesty and seemingly arbitrary violence that at times brought even agency employees to moments of anguish”. Many cases are documented in which lower level officials “allegedly deceived their superiors at the White House, members of Congress and even sometimes their own peers about how the interrogation program was being run and what it had achieved”. Other factors reported: (1) more than 20% of the 119 individuals detained by the CIA (26) should never have been in custody. They were circumstantial victims of mistaken identity or bad intelligence; (2) The report dismisses claims that the extraordinary techniques (aka torture) ever produced useful information – such claims being “exaggerated if not utterly false “; and (3) The CIA and former operatives deny the damning assertions of the Senate report. The article has the following:
Senate Releases Historic CIA Torture Report Condemning Bush-Era Detainee Treatment (Dustin Volz, National Journal). Also, what has been released is only a heavily redacted executive summary. Efforts are underway to get all 6,125 pages of the Senate report released. See also Lawyers for Detainees Press for More Details on CIA Interrogations (Jess Bravin, The Wall Street Journal).
Committee Study of the Central Intelligence Agency's Detention and Interrogation Program: Minority Views (Senate Select Committee on Intelligence) See also following articles. The executive summary includes:
Political Divide About C.I.A. Torture Remains After Senate Report’s Release (Scott Shane, The New York Times) CIA representatives and many Republican Senators maintain the Senate report is filled with “significant analytical and factual errors”. The NYT says what is now going on is a fight over history.
CIS Saved Lives (New Website) The Senate committee has been criticized for not calling as witnesses the CIA officials involved in the "Rendition, Detention, and Interrogation Program". This is one of the themes of a new website which, according to The NYT (previous article), was set up by Bill Harlow, the C.I.A.’s director of public affairs from 1997 to 2004, who still acts as a spokesman for George J. Tenet, the C.I.A. director when the interrogation program began. The landing page contains the following statement at the bottom:
Sen. Richard Burr says he will not hold hearings on torture report (Renee Schoof and David Lightman, McClatchy Washington Bureau, Raleigh News & Observer) Richard Burr will be the new chairman of the Senate Intelligence Committee when the new Congress is sworn in in January. He says the report and further consideration of U.S. torture practices would add to damage already done because the report released was not put through "a thorough, thoughtful redaction process". Here is the context:
Other reports have indicated the report was heavily redacted, such as the two articles in the second discussion item in this section. See also next article. Would the good Senator feel better if "redacted" appeared more than the subject of the report "CIA"? Perhaps a complete redaction is what he would really prefer.
A (redacted) poem for the torture report (Brian Turner, The Guardian) We think the poem is quite unremarkable but the word frequency diagram is quite revealing: Redacted appears with a frequency only exceeded by CIA and CIA's which refer to the subject of the report. So if the title of the report would be "CIA", the subtitle would be "Redacted". A challenge to our readers: Can you find the word "torture" in the word frequency map?
Articles about events, conflicts and disease around the world
Ferguson and Related News
Poll: Americans back charges in Eric Garner death (USA Today) 3-1 margin in Pew poll.
Ferguson Protesters, The Activists: Person of the Year Nominee (Time) One of 8.
SEE IT: Eric Garner protester clocks NYPD officer at Staten Island Ferry terminal (New York Daily News)
7 Key Points From the C.I.A. Torture Report (The New York Times)
10 Things to Know About the Black Budget (The Fiscal Times)
Report Portrays a Broken C.I.A. Devoted to a Failed Approach (The New York Times) Hat tip to Rob Carter.
Fox News had a complete meltdown over the CIA 'torture' report (i100, The Independent)
CIA’s Spying on Senate Staff Complicates Torture Report (The Fiscal Times)
I'd welcome Turkey into the EU, says PM: Cameron says it remains 'long-standing goal' for country to join despite his drive to reduce net migration (Daily Mail)
State Dept: Rebels Are Never Going to Defeat Assad Militarily (Foreign Policy)
Syria's Assad backs Russia peace bid, Moscow in touch with US (AFP, Yahoo News!)
Attacks Kill 15 in Iraq as Country Battles IS (Associated Press, abc News)
Iran: Fall in oil prices is 'treachery' (Associated Press, my foxny.com)
Israel may owe Iran $100 m. for breached Eilat oil pipeline (The Jerusalem Post)
House Chooses New Cold War With Russia (Ron Paul)
Greek stocks crash, yields spike on political strife (CNBC) Hat tip to Marvin Clark. Stocks down 11% in one day.
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Do not miss "Other Economics and Business Items of Note", the final section every day.
Please support all that we do at Global Economic Intersection with a subscription to our premium content "behind the wall".
There are between 75 and 100 articles reviewed most weeks. That is in addition to the 140-160 articles of free content we provide.
You get a full year for only $25.
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