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With tax hike proposal, Obama’s latest goal is to troll the GOP

Written By Unknown on Minggu, 18 Januari 2015 | 10.46

You know, you just know, that after the president goes out there and announces he wants to make community college free for all Americans — as though anything government does is "free" — or is unilaterally and unconstitutionally legalizing millions of undocumented immigrants, he comes back to the offices, pulls out the presidential BlackBerry, and gleefully follows along as the Right goes completely ape over these wild policy decisions.

Imagine his delight after it "leaked" that he will propose raising taxes on the wealthy by $320 billion over the next 10 years, including increases to the capital gains and inheritance taxes.

This, of course, has no chance of passing. But then Tuesday night's State of the Union address could be the first one in history deliberately designed solely to generate a Pavlovian rage response in members of the opposing party.

Back in November, in this paper, Jonah Goldberg asked the question: "Maybe President Obama is just trolling?" Two months later, the question seems to have been answered in the affirmative.

Obama and his team have clearly decided that one of the metrics by which they will measure their success is by just how wild he drives his Republican opposition in Washington and conservatives across the country.

Photo: AP

The term "troll" is used to describe the type of person on the Internet who writes or posts or tweets something gleefully offensive for the purpose of enraging his ideological opponents. The troll's provocation produces spittle-filled ad hominem responses from his enemies, who go over the top with their outrage.

That outrage in turn generates passionate support for the troll from people who agree with him generally. They then join the battle on his side by directing even more ad hominem nastiness at the other guys. And the troll grins and giggles and collects his clicks.

The liberal writer Bill Scher thinks this is good politics. "Fortunately for Obama," Scher wrote just after the November 2014 midterms, "bringing out the worst in Republicans serves both his political and his policy purposes."

The problem with that theory is Obama's own political instincts are pretty bad, except when it comes to his own immediate self-preservation.

The president could have gone one of two ways after the midterms, in which his party lost control of the Senate in a wave that really could not have gone better for Republicans.

First, he could have looked at some alarming data and noted how he is practically the only elected Democrat in the country who has benefited from his presidency. Since 2010, the Democratic Party has lost 69 seats in the House of Representatives and 14 Senate seats — and a staggering 913 seats in the state legislatures.

Among presidents, "It is Barack Obama who holds the modern record for overall losses, at least through 2014," writes Larry Sabato of the University of Virginia.

In the House and state legislatures, "Obama has doubled (or more) the average two-term presidential loss from Truman through Bush."

This Democratic political wipeout, says Chris Cillizza of The Washington Post, is "the most undertold story in politics."

What that story suggests is not that the president should be trolling his opponents, but that he should be doing what he can to find common ground — if only to save his party from further destruction.

Tuesday night's State of the Union address could be the first one in history deliberately designed solely to generate a Pavlovian rage response in members of the opposing party.

But that is not where he has gone. Instead, he has doubled down on presidential unilateralism and executive authority.

He has done this because it's what he likes and wants to do. It has long been a conscious choice of this White House to pursue what David Plouffe, a key Obama adviser, called the "stray voltage theory."

Major Garrett, then of National Journal and now of CBS, explained it in early 2014: "The theory goes like this: Controversy sparks attention, attention provokes conversation, and conversation embeds previously unknown or marginalized ideas in the public consciousness.

This happens, Plouffe theorizes, even when — and sometimes especially when — the White House appears defensive, besieged or off-guard."

You can see how convenient such a theory is, since it works even when the White House appears to have blown it!

But this stray voltage has done nothing for any of his allies on Capitol Hill and has hardly advanced the liberal Democratic agenda.

Ah, you might say, but Obama was re-elected and he used "stray voltage" to his advantage, so someone was helped! Not necessarily.

Most serious students of the 2012 election, including supporters and allies of the president, now believe his victory was primarily due to so-called "fundamentals" favoring him — the benefits of incumbency and the condition of the economy in the months leading up to the election.

As Joshua Tucker of New York University pointed out in November 2012, "the [economic] growth rate between January and September of 2012 averaged 1.8%," and using a "fundamentals" formula, "this yielded a predicted share of 51.2% of the two-party vote for incumbent Obama." Which was almost exactly what he won on Election Night.

David Plouffe with Obama at the White House.Photo: Getty Images

Meanwhile, his years as president have led to Republicans controlling 30 state legislatures, the most for the GOP since 1920. That's not only bad for the cultivation of future Democratic Party leaders. It makes the furtherance of a liberal agenda at the state level nearly impossible over the next few years.

As Cillizza writes, "Policy is made at the state legislative level. That's policy pertaining to states and policy that gets bumped up to the federal level. With Republicans in control of so many state governments, the policy incubator for their side will be vastly superior to what Democrats can do at the state and local levels."

The only real data point in the president's favor — and it is a significant one — came out in polling from CBS News late last week.

Support for his immigration plan is startlingly high; 62% favor while only 34% oppose. Democrats are overwhelmingly on his side (79% to 18%), while Republicans oppose it but with less force (57% against and 37% for). Most important, independents back it, 63% to 32%.

What this means is that when it comes to immigration the president is not engaging in "stray voltage" behavior. Rather, he is closer to the center of American public opinion than Republicans are.

Might it not have been better both for the body politic and for his party's own standing with the American people if the president had made his full-court press on immigration matters without going all stray voltage and seeking to get Republicans to blow their stack?

With numbers like these, he could have won an argument — by enlisting the American people in the effort, putting the GOP on the defensive in its opposition to his policies, and possibly splitting the rival party.

But that's not how Barack Obama rolls — or, rather, trolls.


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Isles defense disappears as 4-game win streak gets snapped

MONTREAL — Tomas Plekanec scored two goals and added two assists to lead the Canadiens to a 6-4 victory over the previously streaking Islanders on Saturday night.

The Metropolitan Division-leading Isles had won four straight. Tampa Bay jumped over the Islanders for first place in the Eastern Conference by beating Colorado on Saturday.

P.K. Subban, Dale Weise, Alex Galchenyuk and David Desharnais also scored for Montreal (28-13-3), and Dustin Tokarski made 27 saves.

Kyle Okposo, Nikolay Kulemin, Anders Lee and John Tavares had goals for the Islanders (30-14-1).

Former Canadiens goalie Jaroslav Halak, playing for the second straight night, stopped 27 shots.

Okposo has five goals in two games, including his four-goal outburst in a home win over Pittsburgh on Friday.

After Montreal's sixth goal, Halak was replaced by Chad Johnson, who faced just two shots.


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Nets battle but drop home half of back-to-back to Wizards

It's hard enough to beat any team twice in a row — let alone a team as good as the Wizards.

The Nets, who had blown out Washington on the road in the first half of a back-to-back set between the two teams, found that out the hard way Saturday night. Brooklyn kept it close, but couldn't quite muster enough offense to come away with a second win in a row, losing 99-90 in front of a sellout crowd of 17,732 at Barclays Center.

The loss for the Nets (17-24), combined with wins by the Pistons and Hornets, allowed both Detroit and Charlotte to move within a game of Brooklyn for the eighth and final playoff spot in the Eastern Conference. The Nets begin a three-game Western Conference trip Wednesday in Sacramento.

Saturday's game was far more competitive than the previous game, but Brook Lopez did manage to pick up right where he left off. After spending 20 minutes or so sitting courtside with general manager Billy King following two days worth of trade rumors, Lopez followed up his 25-point second half in Washington with a 13-point first half that helped the Nets take a 51-50 lead into the break.

The Nets increased that lead to 63-56, but it then appeared the Wizards were about to put the game away when they went on an 18-2 run that was capped by a Rasual Butler jumper. That gave Washington a 74-65 lead with a minute to go in the third quarter.

But the Nets managed to make things interesting in the fourth, tying the game at 81 on a pair of Jarrett Jack free throws with 8:28 remaining. The Wizards immediately responded with a Kevin Seraphin jumper at the other end to retake the lead. After Butler drove to the rim and made an acrobatic layup following a missed 3-pointer by Mirza Teletovic to give Washington a four-point lead, the Nets never were able to tie the game again.

Washington's frontline of Nene and Marcin Gortat, who had been abused by the Nets Friday, both bounced back in this one. Nene led the Wizards with 20 points and Gortat had 10 to go with a game-high 16 rebounds as Washington outrebounded Brooklyn 49-40.

Paul Pierce, in his return to Brooklyn, had just seven points and four turnovers in 26 minutes.

Jack led the Nets with 22 points and eight assists while Joe Johnson and Lopez each added 15.


Kevin Garnett was back in the Nets' starting lineup for a second straight game, marking just the third time in 10 back-to-backs this season he had played both ends.

Part of the reason Garnett was available likely had to do with the combination of his playing fewer than five minutes in Monday's loss to the Rockets before being ejected for headbutting Dwight Howard (which led to him being suspended for Wednesday's loss to Memphis), and then having three days off before the Nets' game against the Kings.

Garnett finished with eight points and 10 rebounds in 27 minutes.


Bloomberg News reported Saturday that billionaire Steve Cohen won't be bidding for the Nets after his representatives met with Evercore Partners, the investment bankers retained by Mikhail Prokhorov to explore selling the team. Cohen, a hedge fund magnate, is a minority owner of the Mets.

After buying the Nets for roughly $220 million in cash in 2010, if Prokhorov chooses to sell both his 80 percent stake in the team and 45 percent stake in Barclays Center, he should get several times that much from a prospective buyer.


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Does former Net still think Phil Jackson’s a communist?

As the world turns …

Fascinating that Phil Jackson is back in New York while Lionel Hollins winds up with Brooklyn.

Both are inextricably linked in my mind's attic to the Piscataway Nets of the late 1970s, specifically to the presence of a fascinating character named Mike Newlin.

After eight years with the Rockets as a streak-shooting, barrel-chested, boards-crashing, knee-scraping 6-foot-4 guard from the University of Utah, Newlin joined the Nets in the 1979-80 season.

Newlin was a very different kind of guy, sweet and strange. He had a special relationship with the beat writers because he spent more time interviewing us than us him. In fact, he spent more bus and plane time with us than he did with teammates.

For an NBA veteran, he seemed naïve to the world outside of hotel rooms, airports and arenas. He asked a lot of questions about all sorts of things. Was he a bona fide straight-arrow RFD barnyard animal, or a spy? It hardly mattered; he was a kick to be around. Perhaps because he liked us, we liked him. And he played hard. That counted, too.

Jackson was a player-coach on that 1979-80 Piscataway team of kids — remember Winford Boynes? — and NBA irritants and itinerants such as Ralph Simpson, the late (and he was late when he was alive) "Super" John Williamson and the late Maurice Lucas. At 34-48, that was about right — the Rutgers Athletic Center Piscataway Nets did the best and worst they could.

One late afternoon in Indianapolis, I was on the team bus. Newlin was in the seat across from me, on the aisle. Jackson entered, walked past and sat toward the back. Jackson was wearing one of those fading hippie era Davy Crockett/Daniel Boone light brown leather jackets, with the leather tassels along the sleeves.

Newlin leaned over to me. "What's his story?" he asked, obviously referencing Jackson.

"Whattya mean?" I asked back.

"Is he a Communist?"

I leaned in close to Newlin and whispered, "Card-carrying."

Newlin nodded, as if he understood, then leaned back in his seat.

I figured or hoped that Newlin knew that I was kidding. But I've long — as in 35 years — had my doubts.

Did Mike Newlin believe Phil Jackson is a card-carry member of the Communist Party? Does he still believe that? Did he contact the House Un-American Activities Committee?

Lionel HollinsPhoto: Getty Images

As for Hollins, when he played guard for Portland, then Philadelphia, one could predict he and Newlin would renew their war — predictable as eggs on a breakfast menu.

During the jump ball at center, they collided, then pushing, shoving, slapping, jawing, gesturing, hips, elbows. Theirs was the match within the match. I recall not watching the game to just watch them, away from the ball, going at it.

Not knowing what was meant by "tooth and nail," I surmised that that was it. And they apparently — Hollins turned down a chat request — had been on each other's nerves for years.

And now Jackson runs the Knicks, Hollins coaches the Nets. And on June, 10, 1981, Newlin was traded from the Nets to the Knicks for — ready? — Mike Woodson. As the small world turns.

Spoiler alert: Replay may wreck title games, too

Happy now? As these NFL playoffs so clearly have shown in consecutive Cowboys games, the replay rule, installed to correct egregiously incorrect calls, mostly does no such thing. It's mostly used to reverse plays — big plays and little plays — based on teenie, tiny, maybe, perhaps microscopic evidence.

And if ya'll knew that's the way the replay rule would work in its overwhelming number of applications, how many of you would have demanded it 25-plus years ago?

More than 25 years later, the NFL continues to "iron out the kinks" in its "instant" replay rule. Except the kinks continue to show up as festering, game-mangling flaws. The ever-changing rule continues to swallow the game, whole.

Chances are it will dominate, define and perhaps destroy one or both of today's conference championship games. And it's too late to be careful for what you wish. Paging Dr. Frankenstein.


The saddest book on the sports shelf is the National High School Record Book. It's stuffed with ill-gained, mismatched, bully-boy-and-girl, kick-'em-when-they're-down individual and team achievements as directed by adults with psychiatric issues.

Michael Anderson, coach of the Arroyo Valley H.S. (Calif.) girls basketball team, was suspended by his school for two games following the 161-2 defeat of winless Bloomington (Calif.) H.S. on Jan 5.

Anderson had his girls in a full-court trap defense the entire first half, which ended 104-1. In the second half, he cut Bloomington a break, going with a half-court trap. The game clock was run without stopping throughout the fourth quarter, or who knows?

Then Coach Anderson played stupid.

"I didn't expect them to be that bad," he told the local paper. "I'm not trying to embarrass anybody. And I didn't expect my bench to play that well. I had one [bench] player make eight of nine 3s."

He allowed her to take a second 3-point shot, then seven more?

"People shouldn't feel sorry for my team," Bloomington coach Dale Chung said. "They should feel sorry for his team, which isn't learning the game the right way."

Nine of Arroyo's victories this season have been by at least 50 points, with previous wins by 98, 81, 74, 73 and 67 points.


Question: How will CBS' NFL pregame show, followed by CBS Colts-Patriots telecast, treat the fact that Colts' backup LB and West Point grad Josh McNary will not dress following his indictment in Indianapolis for "rape, criminal confinement with bodily injury and battery resulting in bodily injury"?

Answer: Quickly, if at all.


Mike Francesa had a strong chat going with FOX's Troy Aikman on Thursday, until the inevitable: He tried to tell Aikman/us how smart he is.

Francesa: "Nobody threw on Deion Sanders. Let's be honest."

Aikman: "Well, we did."

Heck, even when Francesa's right, he winds up dead wrong. Francesa can turn a 100-1 shot into a wire-to-wire winner with a dismissive wave of his scepter. He's the ultimate jinx.

Thursday, he claimed Ohio State quarterback Cardale Jones that day would declare his eligibility for the NFL draft. After all, he reasoned, who calls a news conference to declare he's staying in college?

Soon, Jones, at that news conference, declared he's staying in college.


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A gimpy leg, aching ears and rain: Aaron Rodgers vs. the world

SEATTLE — Aaron Rodgers is sure, he says, that his ailing left calf can hold up "for another 120 minutes.'' If so, that accounts for two remaining games for the Packers quarterback — Sunday's NFC Championship showdown with the Seahawks, then, two weeks later, Super Bowl XLIX.

"I just hope we don't go to overtime,'' Rodgers said, joking but not necessarily kidding.

There is no doubt Rodgers is far from 100 percent, but he will need to be operating at his usual extremely high level to earn the chance to get to his second Super Bowl. There is no more perilous road to travel than the one that leads into CenturyLink Field, a road that usually becomes a dead-end street for the visiting team.

The Seahawks (13-4) were 3-3 in mid-October, not at all looking like a team that could make another successful title run the season after winning the first Super Bowl in franchise history. But their suffocating defense got healthier and they regained their dominating ways, winning 10 of their last 11 games to ascend to where they never have been: favored to repeat as champions.

With somewhat modest fanfare, Seattle QB Russell Wilson is 5-1 in the postseason. He has outplayed Drew Brees in a playoff game and, famously, Peyton Manning last year in Super Bowl XLVIII at MetLife Stadium. Next up for Wilson? Knocking off Rodgers and the Packers on what is going to be a wet afternoon — high of 50 degrees and 60 percent chance of showers.

"I think that when you're in those moments, you either live for them or you fall off,'' Wilson said. "And I think that, for me, I look forward to those moments. I visualize myself ever since I was a little kid to be in these moments.''

History is on the side of the Seahawks, who beat the Packers 36-16 in the Sept. 4 season opener. The same teams have met in Week 1 and again in the conference title game six times. Each time, the team that won the opener also won in the conference championship game.

But it has been 17 years since a team accomplished what the Seahawks are gunning for — winning back-to-back NFC title games. The Packers (1996-97) were the last to do it.

To get here, the Packers (13-4) last week had to erase a 21-13 deficit to get past the Cowboys 26-21 at Lambeau Field. The Seahawks never trailed in their 31-17 victory over the Panthers.

Marquee matchup

Marshawn Lynch powers past the Panthers.Photo: Getty Images

Seahawks RB Marshawn Lynch vs. Packers linebackers

In the last eight games of the regular season, the Packers cleaned up their act as a run defense, allowing just 86 yards per game to rank sixth in the NFL. They struggled at times last week, as Dallas' DeMarco Murray ran for 123 yards and averaged 4.9 yards per attempt. Now here comes Lynch, the only player in the league to rush for more than 1,000 yards and score 10 rushing touchdowns every year since 2011.

Lynch, after a 1,306-yard season, did not do much (14 carries for 59 yards) in last week's playoff victory over the Panthers, but he can go into Beast Mode at any moment this time of year. The Packers have no dominant run-stopping linebacker. Clay Matthews is more of a pass-rusher, A.J. Hawk is too small and makes too many tackles well past the line of scrimmage and second-year Sam Barrington lacks experience. Julius Peppers can't move the way he used to, but he still has those outrageously long arms, and he forced two fumbles last week in his first postseason game for the Packers.

4 Downs

Top duo

Much can be done to manipulate statistics to stress the desired point, but these numbers are impossible to ignore. This is a matchup featuring the two most efficient postseason quarterbacks in NFL history. Seattle's Russell Wilson is 5-1 in the playoffs, and his passer rating of 109.6 is the highest ever. Right behind him is Aaron Rodgers, with a rating of 105.3. Rodgers is the only quarterback ever to put together six consecutive regular seasons with a passer rating of 100-plus.

Russell WilsonPhoto: AP

Rodgers is slightly more accurate than Wilson and certainly more prolific, given the emphasis placed more heavily on the passing game in Green Bay. Wilson, more than anything, wins games. His 36 victories and 22 home victories are the most by any quarterback in his first three years in the Super Bowl era.

Homers

We all know the deal here — this is the greatest home-field advantage in the NFL. It's the noise generated from the rabid and leather-lunged 12th Man fan base, it's the time change for the visiting team and often the long travel associated with getting to the Pacific Northwest. Mostly, it's the team wearing the home uniforms.

In the past three years (including the playoffs), the Seahawks are 25-2 at home, a winning percentage of .926. They have won their past eight post-season games at home. In their last seven home games this season, the Seahawks were 7-0 and outscored their opponents 165-56. They wear you down (40-13 point differential in the third quarter in those seven victories) then bludgeon you (62-7) in the fourth quarter.

Front and center

Max Unger is a Pro Bowl player at center for the Seahawks, a stabilizing presence on a so-so offensive line and a key cog in triggering Marshawn Lynch's power-running attack. Unger, though, has had to deal with foot and ankle injuries and, after missing six consecutive games, came back to start last week vs. the Panthers before again tweaking his ankle.

Unger's missed time forced the need for an unfortunate revolving door at the position. The Seahawks sorted through Steve Schilling, Patrick Lewis and Lemuel Jeanpierre at center, which could have become an issue for Wilson.

Max UngerPhoto: AP

"It's been a non-factor,'' Wilson said. Unger is back, which pleases his quarterback.

"That's a huge thing,'' Wilson said. "He's been playing great football for three years since I've been here and this year, when he's been in there, he's been unbelievable.''

Boom goes the dynamite

If any group can tame the passing beast that is Rodgers, it's this one. The Fab Four nickname already was taken, and the Legion of Boom sounds so much more intimidating, anyway.

The gang is all here, back again and trying to forge the way to consideration as one of the best defensive backfields in NFL history. Three of them — cornerback Richard Sherman and safeties Kam Chancellor and Earl Thomas — were selected to the Pro Bowl. The only one left out, cornerback Byron Maxwell, is a heck of a player. Chancellor shook off a midseason groin injury and was in menacing form (10 tackles) last week vs. the Panthers. He also had a 90-yard interception return for a touchdown.

"I don't know how you can play a better game than he played last week,'' coach Pete Carroll said. "You saw the impact that he can have.''

Rodgers will try to find nickel back Tharold Simon, but the 6-foot-2, 202-pounder from LSU, in his second season, is no slouch.

Paul's prediction

Aaron Rodgers will need all the mobility he's ever had to elude this defense, and unfortunately his left calf will adversely affect his movement. Figure Russell Wilson's legs will bother Green Bay as much as his arm, although this is not a dynamic passing attack. It doesn't need to be, though.

Seahawks 27, Packers 20


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Suddenly struggling Rangers get blanked again, fall to Bruins

Written By Unknown on Jumat, 16 Januari 2015 | 10.46

BOSTON — All of the sudden the Rangers can't score a goal.

Tuukka Rask stopped 30 shots for his second shutout, Patrice Bergeron scored a first-period goal, and the Bruins won their fifth straight by beating the Rangers 3-0 on Thursday night. The Rangers have lost 3-0 in consecutive games after winning five straight and 13-of-14.

David Krejci and Loui Eriksson also scored for Boston, which has earned points in nine consecutive games (6-0-3). Torey Krug added two assists. It was Rask's 25th NHL shutout.

Cam Talbot made 29 saves for the Rangers, with top goalie Henrik Lundqvist getting the night off. The Rangers began of stretch of three road games in four days. Talbot also played the third period of Tuesday night's home loss to the Islanders.

The Bruins have earned at least a point in their last eight games against the Rangers (6-0-2).

With Boston leading 1-0, Krejci redirected defenseman Krug's pass behind Talbot 2:49 into the second period. Krug wound up for a slap shot, but instead sent a perfect pass to Krejci at the top edge of the crease.

Adam McQuaid and Tanner Glass mix it up during the Rangers' 3-0 loss to the Bruins on Thursday night.Photo: NHLI via Getty Images

Eriksson made it 3-0 with 10:11 left in the third.

The Bruins took a 1-0 lead on Bergeron's goal four minutes into the first. Defenseman Dougie Hamilton fired a shot from the left point, and Talbot mishandled the rebound before Bergeron slipped the puck between his pads.

The Bruins owned a 13-7 edge in shots after one period, but the Rangers had much better chances.

Rask made a pair of stellar stops about two minutes apart after Bergeron's goal. The first came when former Boston College star Chris Kreider broke in alone down the left wing, cut in front, but was robbed by Rask's left pad.

On the second bid, Lee Stempniak took a pass and broke in alone, but Rask dropped to make a pad save. Carl Hagelin also hit the post at the end of a 3-on-2 break.
In the second period, the Rangers' Rick Nash had a clean breakaway but fired a wrister over the net.


Rangers top-line center Derek Stepan missed the game because of an upper-body injury sustained in Tuesday's loss.


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Citi and Bank of America take a fourth-quarter beating

It isn't getting any easier on Wall Street.

Bank of America and Citigroup on Thursday reported sharply lower fourth-quarter earnings that disappointed investors. Their results came a day after JPMorgan Chase kicked off earnings season with a similarly weak report.

Shares of all three banks fell more than the overall stock market on Thursday, which was already having a bad day because of the Swiss central bank's shocking currency move.

The biggest US banks have been hit by a year-end trading slump and rising costs for settling investigations into currency trading, interest rate manipulation and money laundering, among other probes.

After a difficult end to 2014, Citi Chief Executive Michael Corbat warned shareholders he didn't expect this year to be much better.

"There's no reason to think the environment in 2015 will be any less challenging," he said during a call to discuss results.

For the fourth quarter, Citi's profit plunged 86 percent from a year ago, weighed down by large legal bills and weaker-than-expected trading revenue.

The bank posted profit of $350 million after incurring $3.5 billion in legal and related charges. Earnings of 6 cents per share were lower than analysts' expectations for 9 cents, according to Thomson Reuters.

While the biggest drag was legal bills, Citi was also hurt by the slowdown in trading activity. Trading revenue dropped 14 percent, to $2.46 billion, from the previous year.

Bank of America reported a dip in quarterly profits following losses in its real estate and trading divisions, despite lower expenses.Photo: AFP/Getty Images

Bank of America reported a dip in quarterly profits following losses in its real estate and trading divisions despite lower expenses.Photo: AFP/Getty Images

The results frustrated investors, some of whom believed the pickup in market volatility toward the end of the year would boost trading rather than curtail it.

Citi shares fell 3.6 percent to close at $47.26.

Bank of America, the second biggest US bank, didn't fare much better toward the end of last year.

Profit fell 11 percent from a year ago as lower interest rates hurt fixed-income asset trading. Net income was $3.1 billion, or 25 cents a share — well below analysts' estimates for 31 cents a share, according to Thomson Reuters.

Trading revenue dropped 20 percent from a year earlier, to $2.37 billion.

The earnings are the first for the bank after it reached a $17 billion settlement with the Justice Department over mortgage-related claims.

The bank, run by CEO Brian Moynihan, set aside reserves for that settlement in the third quarter. As a result, legal costs plummeted 83 percent, to $393 million, in the fourth quarter.

BofA shares tanked 5.2 percent to $15.20 on Thursday.

JPMorgan, the biggest US bank, dropped 3.2 percent to $54.99.

The bank, led by Jamie Dimon, said on Wednesday that fourth-quarter profit fell in part because of $1 billion in legal costs in the wake of government probes.


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Snubbed again! Oscars overlooks Angie’s ‘Unbroken’

After sources told us "Unbroken" director Angelina Jolie was "hurt" her film was snubbed by the Golden Globes, the Oscars overlooked her WWII epic, too.

Jolie's film got three nominations, but in cinematography and two sound categories.

Before its release, it was pegged as a potential Best Picture winner. But it fizzled with voters despite raking in over $100 million at the box office.

One Globes voter told us the movie didn't make the grade despite Jolie's star power. It seems the academy felt the same.


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Red Bulls somehow grab college’s best player in SuperDraft

After a chaotic last week, the Red Bulls finally gave their fans at least some reason to smile — essentially stealing top talent Leo Stolz with the 18th pick in Thursday's MLS SuperDraft. The UCLA midfielder was named college soccer's top player, and was largely regarded as at worst a top-five talent.

"Leo is the most pro-ready player in this draft," Red Bulls sporting director Ali Curtis said in a statement.

Stolz won the Hermann Award last week, given to the best player in college soccer. His stock fell for a number of reasons, age (he'll be 24 when next season starts); his German nationality, which would force teams to use an international slot; but most of all because of signability concerns and fears he would go play in his native country.

The creative midfielder turned down an invite to the combine, and broke off negotiations with MLS, which holds all player contracts in the league.

But the Munich native — a two-time UCLA captain who had a team-high nine goals and six assists as a senior, 20 tallies and 22 assists in three years — was open to playing in New York or L.A., and let the Red Bulls know that. His former club coach is now with RB Leipzig, the Red Bulls' sister club.

"Leo reached out to us in the past week and told us that he is very interested in Red Bull," new Red Bulls coach Jesse Marsch said in a statement.

"Although he had not shown interest in signing with the league that, because of, partly our connection with Salzburg … and partly, he wanted to play in New York, he knew about the club, he had heard good things about me, and so he reached out and let us know that this is a place he wanted to be.''

The Red Bulls also signed Sean Davis as a homegrown prospect, giving them what MLS analyst Matt Doyle called the best pair of central midfielders in college soccer.

"This is the Mac Hermann award winner, and we think this is the most pro-ready player,'' said Marsch. "We think he'll be ready to step in. There will be a bit of an adjustment for him, but we expect him to contribute this year."

When TopDrawerSoccer.com's Will Parchman was asked which rookie outside the top five had a chance to win Rookie of the Year, he picked Stoltz.

"Amazingly, I think this could be UCLA midfielder Leo Stolz. Two months ago I'd have told you Stolz was a deadlock No. 1 overall pick, but I think some MLS clubs are wary about whether the German will actually commit to the league long term…He could be the best midfielder in the draft.''


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George Clooney has a problem — and it’s Amal

Does George Clooney have an Amal Problem?

My jaw dropped Sunday night as funny ladies Amy Poehler and Tina Fey took the stage at the Golden Globes and Fey lit into Amal Alamuddin Clooney, the stylish and accomplished new bride of actor, producer, director, screenwriter and Tinseltown heartthrob George Clooney — a k a "Amal's husband." (Or, in some circles, "the next president of the United States.")

"Amal is a human-rights lawyer who worked on the Enron case, was an adviser to Kofi Annan regarding Syria, and was selected for a three-person commission investigating rules of war violations in the Gaza Strip," Fey said. "So tonight, her husband is getting a lifetime achievement award."

Huh?

The line seems to have gone over the heads of those in the media obsessed over "who" she was wearing (Dior). Also drawing the kind of interest formerly reserved for the cellphone numbers of Leonardo DiCaprio's posse of scantily clad babes were the baggy, white, elbow-length gloves she rocked like a poor-woman's Jackie Kennedy. The gloves drew the scorn of new "Fashion Police" host Kathy Griffin who, replacing the late Joan Rivers, deemed Mrs. Clooney, 36, the worst-dressed Golden Globes attendee.

"I thought it was weird she had those gloves that remind me of, like, a porn scene where the guy goes home and there's the naughty dishwasher and she only has the gloves," Griffin quipped about the accessories favored by the Lebanese-British barrister who speaks English, Arabic and French and bears a degree from Oxford University. "Like, she used those bovine-insemination gloves to rake through her hair instead of a brush." Ouch.

But Fey's assertion that the woman who married George Clooney, 53, in September had been selected to serve on a commission investigating war crimes in Gaza, allegedly committed by Israeli forces, caused me to gasp. Didn't she refuse the assignment?

Fey's publicist told me that the comedian was just making a joke at George Clooney's expense, but would not say why Fey chose to go there. A rep for Poehler did not respond to my e-mail, and George Clooney's publicist said he passed my questions on to the missus, who did not get back to me.

Human rights lawyer Amal Alamuddin (now Amal Clooney) is seen with her husband, George Clooney, in Venice.Photo: Getty Images

Here is the story: The UN Human Rights Council announced in August that the then-Ms. Alamuddin, engaged to Clooney at the time, would serve on a panel, one Israeli leaders have likened to a "witch hunt" whose members are bent on penalizing Israel for acting in self-defense against Palestinian rocket attacks. But then Alamuddin declared she would skip serving on the panel because she was too busy with eight legal cases. But she released a statement that revealed her antipathy toward the Jewish state:

"I am horrified by the situation in the occupied Gaza Strip, particularly the civilian casualties that have been caused, and strongly believe that there should be an independent investigation and accountability for crimes that have been committed," it read.

I believe that her refusal to join the anti-Israel commission was an effort not to antagonize her then-fiancé's Hollywood colleagues, many of whom are pro-Israel and/or Jewish. But as Clooney cements his political résumé, bringing his activism against African genocide to his good friend President Obama while he campaigns against global warming, political types are urging Amal's husband to run for office.

George Clooney, a lifelong liberal, has batted away overtures from members of California's Democratic Party, who've asked him to seek office. "I f- -ked too many chicks and did too many drugs, and that's the truth," he told Newsweek magazine in 2011.

But after he got hitched, British bookmaker William Hill lowered the odds that George Clooney would someday serve as president from 200 to 1 to 100 to 1. "George Clooney is not just one of the most recognizable faces in the USA, but in the world, and if he did decide to run for president, he ticks a lot of boxes," said a spokesman for Hill, who gave 20-to-1 odds that Clooney would seek the presidency in 2016, and 500-to-1 odds that he'd win the race. The online wagering service Bovada has started taking bets on the chances of Clooney winning the White House next time around, setting the odds at 500 to 1.

Will he do it?

It's unclear if George Clooney possesses the will, or the power, to fix his female trouble.

Red, white and boo to Hollywood

Schizo Hollywood is split over patriotism. In the Oscar nominations announced on Thursday, the film "Unbroken,'' about American Olympian and World War II hero Louis Zamperini, was all but snubbed, earning noms only in the unsexy categories of Cinematography, Sound Editing and Sound Mixing.

The film's director, Angelina Jolie, a source told The Post, was already "hurt'' and "upset'' that the flick was overlooked for Golden Globe honors.

But "American Sniper,'' a film about a Navy SEAL assassin that was also shut out at the Globes, was nominated for a Best Picture Oscar and star Bradley Cooper is in contention for Best Actor. The movie also scored noms in lesser categories, including Sound Mixing and Sound Editing, pitting it against "Unbroken.''

But its director, Clint Eastwood, was ignored for a Best Director nomination. So was Ben Affleck, who helmed 2012's "Argo,'' as well as Kathryn Bigelow, denied a nom for directing "Zero Dark Thirty'' — both pro-American films — though "Argo'' won a Best Picture statue.

Tinseltown has a problem with movies that honor God and country. I have a problem paying to see the dreck offered by the studios.

Curry picks herself back up

She was the victim of a televised snuffing. More than two years ago, Ann Curry was dumped from the "Today'' show, apparently at the behest of co-host Matt Lauer (though some NBC News insiders deny this).

Curry, 58, who stopped speaking to Lauer, 57, got tired of doing almost nothing at a network that paid her a reported $12 million a year and gave her the fancy title of national and international correspondent / "Today'' show anchor-at-large. The brass agreed.

Now she's starting her own production company that will sell shows to, among other outlets, NBC, Emily Smith of The Post's Page Six first reported.

I wish Curry well. Lauer, not so much.

Our 'splitting' headache

If you've been hanging on to your marriage, now might be the time to let it go.

January brings a one-third increase in divorce filings over other months of the year because people tend to stay wed to their spouses through the holidays, then give them up, according to RPG-Life Transition Specialists.

Folks at the wealth-management firm warn Americans to prepare for the potentially crushing economic toll that splitting up can cause.

But what about love and commitment?

In this easy-divorce culture, those things aren't important.


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