The Daily Parker

Politics, Weather, Photography, and the Dog

Really busy couple of weeks

Through next weekend I'm going to have a lot to do, so much that I've scheduled "nothing" for the back half of next week going into our annual fundraiser on April 6th. I might even get enough sleep.

I hope I have time to read some of these, too:

Finally, submitted without comment: Grazie Sophia Christie, writing in New York Magazine, advises young women to marry older men.

SBF gets 25

Today is the 45th anniversary of Three Mile Island's partial meltdown, and the day after Sam Bankman-Fried's total meltdown:

Sam Bankman-Fried, the former cryptocurrency mogul who was convicted of fraud, was sentenced to 25 years in prison on Thursday, capping an extraordinary saga that upended the multi-trillion-dollar crypto industry and became a cautionary tale of greed and hubris.

Mr. Bankman-Fried’s sentence was shorter than the 40 to 50 years that federal prosecutors had recommended, but above the six-and-a-half-year sentence requested by the defense lawyers. A federal probation officer had recommended 100 years, just under the maximum possible penalty of 110 years behind bars.

His sentence ranks as one of the longest imposed on a white-collar defendant in recent years. Bernie Madoff, who orchestrated a notorious Ponzi scheme that unraveled during the 2008 financial crisis, received a 150-year sentence in 2009. He was in his 70s at the time and died 12 years later. Elizabeth Holmes, who was convicted of defrauding investors in her blood-testing startup, Theranos, was sentenced to 11 years and three months in 2022.

Molly White had some thoughts on this earlier in the week:

Bankman-Fried [tried] to argue that no money has been lost thanks to his fraud, mostly based on the argument that the bankruptcy team has estimated that creditors will receive a "100% recovery". In a later letter, he even submits that he tried to help the bankruptcy team recover assets. Incredibly, he includes in his evidence to support this claim the screenshots of his January 2023 message to Ryne Miller — despite the fact that Judge Kaplan already determined that his arguments that the message was just an attempt at being helpful "d[id] not appear, on a preliminary basis, to be a persuasive reading". Kaplan later decided that the same message was one of two instances in which Bankman-Fried had tried to tamper with a witness, and rescinded his pre-trial release.

Bankman-Fried's arguments regarding losses were rebutted by the prosecutors in several different ways and, somewhat awkwardly, also rebutted by the very same bankruptcy team he quoted to support his claims that customers would be reimbursed at 100%.

[Prosecutors did] not seem optimistic about Bankman-Fried's future prospects, writing that "A sentence that resulted in the release of the defendant while he is at a working age would leave open the very real possibility that he perpetrates again."

If he serves the minimum time possible, he'll get out in his mid-50s.

Joe Lieberman dead at 82

Former US Senator Joe Lieberman (D, maybe?–CT) and Al Gore's running mate in 2000 has died:

Joseph I. Lieberman, the doggedly independent four-term U.S. senator from Connecticut who was the Democratic nominee for vice president in 2000, becoming the first Jewish candidate on the national ticket of a major party, died March 27 in New York City. He was 82.

The cause was complications from a fall, his family said in a statement.

Mr. Lieberman viewed himself as a centrist Democrat, solidly in his party’s mainstream with his support of abortion rights, environmental protection, gay rights and gun control. But he was also unafraid to stray from Democratic orthodoxy, most notably in his consistently hawkish stands on foreign policy.

His full-throated support of the 2003 invasion of Iraq and the increasingly unpopular war that followed doomed Mr. Lieberman’s bid for the Democratic presidential nomination in 2004 and led to his rejection by Connecticut Democrats when he sought his fourth Senate term in 2006. He kept his seat by running that November as an independent candidate and attracting substantial support from Republican and unaffiliated voters.

His transition from Al Gore’s running mate in 2000 on the Democratic ticket to high-profile cheerleader for Republican presidential candidate John McCain eight years later was a turnaround unmatched in recent American politics.

Meanwhile, in other news:

  • Stanford University sophomore Theo Baker expresses alarm at his classmates' growing anti-rational beliefs.
  • Slate's David Zipper analyzes what the Baltimore bridge collapse will do to the city's traffic.
  • The Economist reviews the lasting influence (or surprising lack thereof) of Steven Levitt's Freakonomics books.
  • The Chicago Dept of Transportation announced major construction on Division Street that will include new protected bike lanes and replacement of two bridges.
  • The National Transportation Safety Board has released its final report on the crash of a one-third scale B-29 in Kokomo, Indiana, last year.

Finally, the Atlantic's Faith Hill wonders, why do we date the same person over and over again?

Major bridge collapse in Maryland

The Francis Scott Key bridge carrying I-695 southeast of Baltimore collapsed overnight after a container ship collided with one of the support pylons:

Baltimore’s Francis Scott Key Bridge collapsed early Tuesday after a container ship struck a support column, sending at least seven cars into the Patapsco River, launching a search-and-rescue operation and prompting Gov. Wes Moore to declare a state of emergency.

In a news conference just a few hours after the 1:20 a.m. collision, Baltimore Fire Department Chief James Wallace said authorities are “still very much in an active search and rescue posture,” noting they are searching for “upwards of seven individuals” and that sonar has detected the presence of vehicles in the water.

There was no indication that the event was intentional, Wallace said.

Authorities have not determined the cause, but U.S. Sen. Ben Cardin told The Baltimore Sun in a phone interview that indications point to the vessel losing power, causing it to lose steering.

“What’s been indicated is the vessel lost power, and when you lose power you lose steering,” Cardin said. “But they’re doing a full investigation.”

Video of the accident shows the ship losing power twice and before turning hard starboard directly into the pylon. Engineers who viewed the video said the collapse seemed inevitable once the collision. The NTSB is investigating.

Israel's growing isolation

The UN Security Council, with the US abstaining, voted to call for an immediate cease-fire in Gaza for the month of Ramadan just a few minutes ago:

The breakthrough resolution, which is legally binding and was put forth by the 10 nonpermanent members of the Council, was being negotiated intensely until the last minute.

The U.S. asked for a change in the text that removed “permanent cease-fire” and replaced it with a “lasting cease-fire,” according to diplomats, and called for both sides to create conditions where the halt in fighting could be sustained.

The U.S. ambassador, Linda Thomas-Greenfield, said the adopted resolution fell in line with diplomatic efforts by the United States, Qatar and Egypt to broker a cease-fire in exchange for hostage release. She said the U.S. abstained because it did not agree with everything in the resolution, including a decision not to condemn Hamas’s Oct. 7 attacks to the text.

The Economist says Israel's mission to destroy the terrorist Hamas organization has largely failed:

A temporary ceasefire and hostage release could cause a change of Israel’s government; the rump of Hamas fighters in south Gaza could be contained or fade away; and from the rubble, talks on a two-state solution could begin, underwritten by America and its Gulf allies. It is just as likely, however, that ceasefire talks will fail. That could leave Israel locked in the bleakest trajectory of its 75-year existence, featuring endless occupation, hard-right politics and isolation. Today many Israelis are in denial about this, but a political reckoning will come eventually. It will determine not only the fate of Palestinians, but also whether Israel thrives in the next 75 years.

If you are a friend of Israel this is a deeply uncomfortable moment. In October it launched a justified war of self-defence against Hamas, whose terrorists had committed atrocities that threaten the idea of Israel as a land where Jews are safe. Today Israel has destroyed perhaps half of Hamas’s forces. But in important ways its mission has failed.

It is a bleak picture that is not always acknowledged in Jerusalem or Tel Aviv. Mr Netanyahu talks of invading Rafah, Hamas’s last redoubt, while the hard right fantasises about resettling Gaza. Many mainstream Israelis are deluding themselves, too. They believe the unique threats to Israel justify its ruthlessness and that the war has helped restore deterrence. Gaza shows that if you murder Israelis, destruction beckons. Many see no partner for peace—the pa is rotten and polls say 93% of Palestinians deny Hamas’s atrocities even took place. Occupation is the least-bad option, they conclude. Israelis would prefer to be popular abroad, but condemnation and antisemitism are a small price to pay for security. As for America, it has been angry before. The relationship is not about to rupture. If Donald Trump returns he may once again give Israel a free pass.

This seductive story is a manifesto for disaster.

Having studied the war and Israel's security situation, David Brooks similarly concludes that Israel has no good options at this point:

[I]n this war, Hamas is often underground, the Israelis are often aboveground, and Hamas seeks to position civilians directly between them. As Barry Posen, a professor at the security studies program at M.I.T., has written, Hamas’s strategy could be “described as ‘human camouflage’ and more ruthlessly as ‘human ammunition.’” Hamas’s goal is to maximize the number of Palestinians who die and in that way build international pressure until Israel is forced to end the war before Hamas is wiped out. Hamas’s survival depends on support in the court of international opinion and on making this war as bloody as possible for civilians, until Israel relents.

Israel has done far more to protect civilians than the United States did in Afghanistan and Iraq. It has sent out millions of pamphlets, texts and recorded calls warning civilians of coming operations. It has conducted four-hour daily pauses to allow civilians to leave combat areas. It has dropped speakers that blast out instructions about when to leave and where to go. These measures...have telegraphed where the I.D.F. is going to move next.

Hamas’s strategy is pure evil, but it is based on an understanding of how the events on the ground will play out in the political world. The key weakness of the Israeli strategy has always been that it is aimed at defeating Hamas militarily without addressing Palestinian grievances and without paying enough attention to the wider consequences. As the leaders of Hamas watch Washington grow more critical of Jerusalem, they must know their strategy is working.

Remember, Hamas wants to wipe Israel off the map, at any cost. Israel mostly wants its neighbors, like Hamas, to stop attacking it, but their political leadership and internal myopia, helped along by nearly-unlimited resources from the US, have blinded Israelis to the larger strategy of its enemies.

Hamas timed its attack on October 7th perfectly, striking a weak and craven Israeli prime minister whose political survival depends on listening to the most deranged people in his coalition. Of course Israel was going to over-react; that was part of the Hamas strategy. But maybe with the US and the UN putting pressure on both sides, we can pause for a moment and figure out how to end the war.

Chicago's Near North Side will never smell as sweet

The Blommer Chocolate factory, just outside Chicago's Loop, routinely flooded the Near North Side with the delicious odor of chocolate several times per week until environmental laws required them to install scrubbers in their exhaust stacks. Still, every so often, one could smell cocoa cooking when the wind blew just right.

Sadly, that era will end very soon:

The chocolate supplier today announced it will close its manufacturing plant at 600 W. Kinzie St. and relocate its headquarters and local research and development operation to the Merchandise Mart, according to a statement from the company. The production facility, well known for spreading the scent of cocoa throughout parts of the River West neighborhood, debuted as Blommer's original manufacturing plant in 1939.

The move not only marks the end of Blommer's long history on the site, but it also raises the prospect of the 5.5-acre property being sold for redevelopment. The company's plans for the facility are not clear, and a spokeswoman did not respond to a request for comment.

Blommer is the largest cocoa processor in North America and has more than 900 employees, according to the company.

Who knows, though? Marshall Field's manufactured Frango Mints on the 9th floor of its State Street store from 1929 to 1999, when Marshall Field's moved production to Pennsylvania. But Federated Department Stores, who bought Marshall Field's and Macy's in 2005, brought production back to the city in 2009. So Blommer's may rise again—just not on a small lot worth at least $5.5 million that has local developers drooling all over themselves for the confection.

Heading home soon

American Airlines says my flight home has a 45-minute delay at the moment (though of course that could get worse). So I just spent 35 minutes walking in a big circle around the southwest corner of downtown San Diego. I don't think I'd ever live here, but I do enjoy the weather.

Meanwhile, as if I don't have too many things on my to-be-read shelf already, the New York Times book editor has released a list of the 22 funniest novels since Catch-22. Maybe someday I'll get to a few of them?

Anyway, I should be home with Cassie in about 11 hours. If she understood English and had any concept of "future," she'd be excited too.