Berkeley CSUA MOTD:Entry 50496
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2025/05/24 [General] UID:1000 Activity:popular
5/24    

2008/7/8-10 [Politics/Domestic/Crime, Politics/Domestic/President/Reagan] UID:50496 Activity:nil
7/7     The Failures of Neoliberalism:
        http://preview.tinyurl.com/6xwgsg
        \_ That link goes to the Reiser-body article.
           \_ http://dailystaregypt.com/article.aspx?ArticleID=14905
              Someone must have "edited" it.
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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preview.tinyurl.com/6xwgsg -> www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/07/07/BAN011LDR8.DTL&type=printable
Reiser, who had proclaimed his innocence from the day his estranged wife, Nina, was last seen in September 2006, agreed to reveal the location of her body in exchange for a deal in which he would be sentenced for second-degree murder rather than the first-degree murder conviction a jury returned against him in April, according to officials with knowledge of the case. Reiser also acknowledged that he and his wife had fought and that he had strangled her, a source familiar with the investigation said. The maximum sentence Reiser could receive for second-degree murder is 15 years to life. Reiser had faced a term of 25 years to life under his first-degree murder conviction. The remains that Reiser revealed Monday were found about 4 pm buried on the side of a steep hill off a deer trail between Redwood Regional Park and the Huckleberry Botanic Regional Preserve, less than 200 yards behind a house on Skyline Boulevard, said Reiser's attorney, William Du Bois, who accompanied his client to the site. The body was less than half a mile from the home on Exeter Drive where Reiser lived with his mother, and where Nina Reiser, 31, was last seen alive Sept. "It's shocking, to say the least," said Michael Arboleda, a Skyline Boulevard resident who watched the police investigation. Reiser was handcuffed to Du Bois and they accompanied Oakland police, prosecutor Paul Hora and Alameda County district attorney's Inspector Bruce Brock as the body was exhumed, Du Bois said. Officer Roland Holmgren, Oakland police spokesman, said the body has not been positively identified. Police and prosecutors declined to further comment, saying a news conference is scheduled for today. Reiser, 44, was convicted by an Alameda County jury April 28 after a six-month trial in which the combative software programmer testified over 11 days that he was innocent of killing his wife, who had not been seen since dropping off the couple's young son and daughter at his home. On the day Reiser was convicted, Hora said, "We have a body. Reiser was scheduled to be sentenced Wednesday, but the discovery of the body is likely to delay the hearing. Du Bois declined to address the question of whether Reiser would receive a reduced sentence, saying, "We don't know. Talk to the DA" But the defense attorney added, "We're just trying to improve our position at this point." Prosecutors agreed to the deal in which Reiser would receive a lighter sentence for revealing the location of his wife's body, said officials with knowledge of the case, speaking on condition they not be identified. Du Bois confirmed that he and others had been urging Reiser to reveal the location of Nina Reiser's body. "We've talked a very long time about the subject - not only myself, but many other people," Du Bois said. The issue was "whether Hans would summon up the intestinal fortitude to do this - he did," Du Bois said. Reiser knew exactly where the body was, his lawyer said. "There was no difficulty once he got on the job," Du Bois said. It was highly unlikely anyone else would have found the body, Du Bois said. "It was so obscure, but I admit it was also clever because it was not that far off the road." Michael Cardoza, a defense attorney and former Alameda County prosecutor who has been following the case, said he would be shocked if prosecutors agreed to the deal. However, he added, they might "if the family leaned on them so hard that they wanted to know where the body was," Cardoza said. The Reisers were separated and going through an acrimonious divorce when Nina Reiser disappeared. During the trial, Du Bois hammered at the fact that Nina Reiser's body had never been found and suggested that she might be alive and hiding in her native Russia in an attempt to frame her estranged husband. Prosecutors, however, believed that Hans Reiser killed his wife after she dropped off their children and that he disposed of her body using his mother's Honda CRX. Police later found the car with its front passenger seat missing and the floorboard saturated with water, as if someone had tried to clean it. It takes about a minute to drive from Hans Reiser's home to where the body was found Monday. Prosecutors said Reiser had abandoned his wife's Honda Odyssey minivan on a street near Highway 13 and hid the CRX from police in a similar fashion on another street near the highway. An inmate at Santa Rita Jail in Dublin testified during the murder trial that Reiser raced to a television set when a news report came on in February 2007 about a body being found in the Oakland hills. Reiser was visibly relieved when the reporter said the body was that of a black man, the inmate testified. Albert Chiu, 61, a retired federal government worker whose home is close to where the body was found Monday, said a police helicopter began flying overhead about 3 pm Officers soon swarmed the area, joined by police technicians and forensic scientists. Chiu said he didn't recall seeing or hearing anything suspicious near his home around the time Nina Reiser disappeared. He said he believed private search parties had searched the trail shortly after she went missing. Vince Dunn, 61, a member of the jury that convicted Reiser, said he was elated that Nina Reiser's body apparently had been found. The discovery shows that "our decision was based on fact and circumstance," the retired schoolteacher said. Throughout the trial, the seven-man, five-woman jury - like everyone - wanted to know where Nina Reiser's body was, Dunn said. "It was the same question that the children had," he said. Dunn said it would be wrong for Reiser to get a lighter sentence for revealing where he had buried his wife's body. "It just doesn't seem right to me that that can happen in America," Dunn said. Ellen Doren, Nina Reiser's best friend, said she wanted to know how Reiser, his father and his attorneys would explain their long-standing theory that the mother of two had disappeared on her own. Doren decried what she called "the show they put on and the circus they put on over the past year. I think they put so much dirt on Nina, now they're going to have to get themselves out of the dirt." Doren said she was convinced that Reiser wouldn't have agreed to divulge the location of the body if there were not a deal.
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The world has not been kind to neo-liberalism, that grab-bag of ideas based on the fundamentalist notion that markets are self-correcting, allocate resources efficiently, and serve the public interest well. It was this market fundamentalism that underlay Thatcherism, Reaganomics, and the so-called "Washington Consensus" in favor of privatization, liberalization, and independent central banks focusing single-mindedly on inflation. For a quarter-century, there has been a contest among developing countries, and the losers are clear: countries that pursued neo-liberal policies not only lost the growth sweepstakes; when they did grow, the benefits accrued disproportionately to those at the top. Though neo-liberals do not want to admit it, their ideology also failed another test. No one can claim that financial markets did a stellar job in allocating resources in the late 1990's, with 97% of investments in fiber optics taking years to see any light. But at least that mistake had an unintended benefit: as costs of communication were driven down, India and China became more integrated into the global economy. But it is hard to see such benefits to the massive misallocation of resources to housing. The newly constructed homes built for families that could not afford them get trashed and gutted as millions of families are forced out of their homes, in some communities, government has finally stepped in - to remove the remains. So even those who have been model citizens, borrowing prudently and maintaining their homes, now find that markets have driven down the value of their homes beyond their worst nightmares. To be sure, there were some short-term benefits from the excess investment in real estate: some Americans (perhaps only for a few months) enjoyed the pleasures of home ownership and living in a bigger home than they otherwise would have. Millions will lose their life savings as they lose their homes. And the housing foreclosures have precipitated a global slowdown. There is an increasing consensus on the prognosis: this downturn will be prolonged and widespread. Nor did markets prepare us well for soaring oil and food prices. Of course, neither sector is an example of free-market economics, but that is partly the point: free-market rhetoric has been used selectively - embraced when it serves special interests and discarded when it does not. Perhaps one of the few virtues of George W Bush's administration is that the gap between rhetoric and reality is narrower than it was under Ronald Reagan. For all Reagan's free-trade rhetoric, he freely imposed trade restrictions, including the notorious "voluntary" export restraints on automobiles. Bush's policies have been worse, but the extent to which he has openly served America's military-industrial complex has been more naked. The only time that the Bush administration turned green was when it came to ethanol subsidies, whose environmental benefits are dubious. Distortions in the energy market (especially through the tax system) continue, and if Bush could have gotten away with it, matters would have been worse. This mixture of free-market rhetoric and government intervention has worked particularly badly for developing countries. They were told to stop intervening in agriculture, thereby exposing their farmers to devastating competition from the United States and Europe. Their farmers might have been able to compete with American and European farmers, but they could not compete with US and European Union subsidies. Not surprisingly, investments in agriculture in developing countries faded, and a food gap widened. Those who promulgated this mistaken advice do not have to worry about carrying malpractice insurance. The costs will be borne by those in developing countries, especially the poor. This year will see a large rise in poverty, especially if we measure it correctly. Simply put, in a world of plenty, millions in the developing world still cannot afford the minimum nutritional requirements. In many countries, increases in food and energy prices will have a particularly devastating effect on the poor, because these items constitute a larger share of their expenditures. Speculators, not surprisingly, have borne more than a little of the wrath. The speculators argue: we are not the cause of the problem; we are simply engaged in "price discovery" - in other words, discovering - a little late to do much about the problem this year - that there is scarcity. Expectations of rising and volatile prices encourage hundreds of millions of farmers to take precautions. They might make more money if they hoard a little of their grain today and sell it later; and if they do not, they won't be able to afford it if next year's crop is smaller than hoped. A little grain taken off the market by hundreds of millions of farmers around the world adds up. Defenders of market fundamentalism want to shift the blame from market failure to government failure. One senior Chinese official was quoted as saying that the problem was that the US government should have done more to help low-income Americans with their housing. But that does not change the facts: US banks mismanaged risk on a colossal scale, with global consequences, while those running these institutions have walked away with billions of dollars in compensation. Today, there is a mismatch between social and private returns. Unless they are closely aligned, the market system cannot work well. Neo-liberal market fundamentalism was always a political doctrine serving certain interests. Nor, it should now be clear, is it supported by historical experience. Learning this lesson may be the silver lining in the cloud now hanging over the global economy. Joseph E Stiglitz, Professor at Columbia University, received the 2001 Nobel Prize in economics. He is the co-author, with Linda Bilmes, of The Three Trillion Dollar War: The True Costs of the Iraq Conflict.