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From Dan Drezner, who’s currently teaching a summer course along the banks of the Rhine in lovely Basel:

If you think the bank bailouts are unpopular in the United States, try the Swiss reaction to the Swiss federal government’s bailout of UBS.  It’s to the Voldermortian point where they asked me not to say “UBS” because it’s so embarrassing.  We have compromised — I can now say “UBS,” but must then spit three times over my right shoulder to ward off evil spirits.

Basel, of course, is the home of the famous Basel Capital Accords, which did approximately nothing to stop our late financial meltdown.  In fact, Basel II probably made things worse.  So Swiss students have every right to be embarrassed, even if they were only renting their city out to the world’s central bankers, so to speak.

OTOH, Basel is also the birthplace of Roger Federer.  So they’ve got something to cheer for too.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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