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Yellen has to raise rates: What’s Behind the Fed’s Decision to Raise Interest Rates in a Struggling Economy?

By Dave Lindorff

 

Much has been written over the past few weeks in the financial press and the business pages of general interest newspapers debating the wisdom of the decision in December by Janet Yellen and the Federal Reserve Board to raise interest rates for the first time in almost a decade.

Saudis and Turks Diddling Obama

 

 


The US-Russia Proxy War in Syria

 

 

Editor Note: The risk of Syria becoming a proxy war between the U.S. and Russia became real last week when Turkey and Syrian jihadists used U.S.-supplied weaponry to shoot down a Russian warplane and rescue helicopter, killing two Russians.

By  Ray McGovern

Belatedly, at a sidebar meeting with Russian President Vladimir Putin at the Paris climate summit on Monday, President Barack Obama reportedly expressed regret for last week’s killing of a Russian pilot who was shot down by a Turkish air-to-air missile fired by a U.S.-supplied F-16 and the subsequent death of a Russian marine on a search-and-rescue mission, apparently killed by a U.S.-made TOW missile.

Focus: Wall Street Reform - Nov 13, 2015


Glass-Steagall takes center stage in the 2016 presidential field, as Wall Street critics push hard for its return - TheHill


Democratic candidates take aim at Wall Street, Sanders is pushing a 0.5% tax on the sale of stock while Clinton’s tax is limited and smaller - WSJ


Clinton to target ‘risky' financial institutions but not reinstate Glass-Steagall - The Daily Caller


VIDEO : Hillary Clinton On Glass-Steagall And Big Banks - YouTube


Who is Wall Street backing for president? Clinton raised $5.5 million from the financial sector, Bush comes in second with $4.2 million - bizjournals


GOP Says Big Banks Are Bad (But Don't Touch Them) - Bloomberg View


Republicans Are Obsessed With Deregulating Wall Street - huffingtonpost.com


Republican Nominee to Oversee Wall Street Works at Think Tank Dedicated to Blocking Regulation - theintercept.com


Elizabeth Warren: Congressional Favor Let Wall Street Keep $10 Trillion In Risky Swaps On Its Books - ibtimes.com


Democrats may clash with Warren on financial rules, she's warned them not to use an upcoming spending bill to soften banking regulations - POLITICO


Former Citigroup CEO John Reed says it was mistake to repeal Glass-Steagall - CNN


Former Citigroup CEO John Reed op-ed: We were wrong about universal banking - FT.com


Opinion: One of the Most Important Differences Between Bernie Sanders and Hillary Clinton: It All Comes Down to Wall Street - Alternet


Opinion: If Glass-Steagall hadn't been repealed, there's little doubt it would have lessened the depth and breadth of the 2008 financial crisis - huffingtonpost.com


Report Says bonus pay on Wall Street is likely to fall, average securities industry bonus last year was $172,860 - The New York Times


VIDEO: The Wall Street Bonus Squeeze Is On - Yahoo Finance


Goldman Sachs names 425 managing directors in new class, the highest base salary for the new directors is $400,000 - Reuters


To contact Bartolo email peaceloverblog[at]yahoo[dot]com (replacing [at] with @, [dot] with .)

Flipped out: Last Mexican of Venice

The latest from ThisCantBeHappening!:


Flipped out:

Last Mexican of Venice

 By Rip Rense 

 

Of scientists and charlatans: Noted Argentine Chemist Warns of Climate Disaster

By Robert M. Nelson

 

Republican presidential aspirants Jeb Bush, Marco Rubio and Rick Santorum all describe themselves as devout Catholics and, like most Republican candidates, they argue that religion should play an expanded role in American politics and government. However, on matters related to global warming, Messrs. Bush and Rubio both agree with Mr. Santorum, stating that we should, “...leave science to the scientists.”

 

Mainstreaming the Preferential Option For the Poor: Pope Francis Drops a Bomb on Washington

By John Grant


A political society endures when it seeks, as a vocation, to satisfy common needs by stimulating the growth of all its members, especially those in situations of greater vulnerability or risk.
                                                             -- Pope Francis speaking to the US Congress


Wall Street reporting is a joke: The Stock Market is Getting Harder to Rig

By Dave Lindorff


It’s entertaining to watch and to read reports in the corporate media about the current stock market decline, which over the course of the last six business days erased $2.1 trillion in the market value of stocks of publicly-traded US corporations (and in a lot of ordinary Americans’ retirement savings). 


Puerto Rico's the new Greece, DC's the new Berlin, bankers are the same: Washington and Wall Street to Puerto Ricans: Drop Dead!

By Dave Lindorff


You can read the entire article in the New York Times Tuesday business section   reporting on Puerto Rico’s default on a payment on its staggering $72 billion debt without once learning that the little Caribbean island, home to 3.5 million US citizens, is a territory of the United States, or more properly, a  colony, insofar as its residents have no representation in Washington, cannot vote for national candidates for office, and furthermore, are subject to US federal courts, whose judges are all appointed by the federal government.

Is this taking democracy too far?: The Greek People Have Said ‘No!’ to Austerity and Economic Blackmail

By Dave Lindorff


Something huge has happened in Greece, though you wouldn’t know it if you rely on the US corporate media for your information.


Finally! Some climate crisis honesty: Forget About a 2 Future; It Will be 4˚-6˚C Degrees, and Soon

By Dave Lindorff

 

            A tectonic shift is occurring suddenly in the debate over climate change.

 

The US needs the Iceland option: If ‘Too-Big-to-Fail’’ Means Too-Big-To-Jail’ It Should Mean ‘Too-Big-to-Be’

By Dave Lindorff

 

            In a couple of days, the so-called US Justice Department will be announcing an “agreement” reached with five large banks, including two of the largest in the US -- JP Morgan Chase and Citigroup, the holding companies for Chase and Citibank -- under which these banks or bank holding companies will plead guilty to felonies involving the manipulation of international currency markets.

Getting what’s been stolen by raising employer FICA tax : Time to Recover Productivity Gains Our Bosses Have Expropriating

By Dave Lindorff


New Jersey Gov. Chris Christy, trying to change the subject from his own shabby performance as governor, has called for $ billion in cuts to Social Security and Medicare, claiming it’s time for a “grownup discussion” of the alleged funding crisis facing both critically important programs. 


Looking for enemies: Venezuela, the Latest ‘National Security Threat’

By Dave Lindorff

Seriously? Venezuela is a “national security threat”?

That is what President Obama has reportedly declared today in a new executive order. 

And how exactly is poor Venezuela, a nation of 29 million, with a small military upon which it spends just 1% of GDP, one of the lowest rates in the world (the US spends 4.5% of GDP on its own bloated military), a threat to the US?  

Republicans and Many Democrats are on the attack: If We’re Going to Defend Social Security We Need to Understand It

By Dave Lindorff


The Republican-dominated Congress, with the help of a cadre of sell-out conservative Democrats in both chambers, are gearing up to attack Social Security again, under the guise of “saving” the program.


This is what corporatocracy looks like!: Trading US Democracy for Corporate Profits with TPP

By Dave Lindorff

 

            If you want to get a good understanding of how thoroughly corrupted and sold-out our government in Washington is, you need only look at the Trans-Pacific Partnership (TPP), the latest in a series of trade “deals” that is heading towards passage right now, and that, like its predecessors, NAFTA and CAFTA, as well as the World Trade Organization, will be sucking jobs out of the US for years.

Where’s the US ‘Syriza’ party?: Greek Voters Have Tossed a Grenade into the Banker/Bureaucrat-Controlled European Establishment

By Dave Lindorff 


There is certainly exciting news from Greece today, with confirmation that the leftist coalition party Syriza has won a decisive victory, and, with the help of just one small party, the Greek Independence Party, is assured of a parliamentary majority. That means Syriza’s dynamic marxist leader, the 40-year-old former student radical
Alexis Tsipras, will shortly become Greece’s prime minister, pledged to undo years of crippling austerity and to turn Greece back into a real democracy, instead of a scene of corporate pillage.

Phony baloney: Picking Apart Obama's "Progressive" State of the Union Speech

By Dave Lindorff


There were two times Republicans broke into fervent applause during this lame duck president's seventh State of the Union speech: the first was when he called for passage of "fast track" authority to negotiate and send to the Senate a Trans Pacific Partnership (TPP) trade pact -- basically a NAAFTA for the Pacific region; the second was when he noted that he "won't be running for president again."

Hitting a journalistic nadir: Cold-War-Style Propaganda Posing as News at the New York Times

By Dave Lindorff


As shameful a propagandist for Washington’s war machine as the New York Times has been over the years, sometimes I still cannot believe the brazenness of its abandonment of even a pretext of dispassionate journalistic standards. One of those moments came today, when I read the left-column page-one article by Jim Yardley and Jo Becker headlined “How Putin Forged a Pipeline Deal that Derailed.”

I’ve had it!: Eleven Reasons I’m Ashamed to be an American Citizen

By Dave Lindorff

 

I’m going to say it: I am ashamed to be a US citizen. This doesn’t come easily, because having lived abroad and seen some pretty nasty places in my time, I know there are a lot of great things about this country, and a lot of great people who live here, but lately, I’ve reached the conclusion that the US is a sick and twisted country, in which the bad far outweighs the good. 

 

I’ve had it!: Eleven Reasons I’m Ashamed to be an American Citizen

By Dave Lindorff

 

I’m going to say it: I am ashamed to be a US citizen. This doesn’t come easily, because having lived abroad and seen some pretty nasty places in my time, I know there are a lot of great things about this country, and a lot of great people who live here, but lately, I’ve reached the conclusion that the US is a sick and twisted country, in which the bad far outweighs the good. 

 

Hot tub poll shows Republicans don’t like their politicians: Election Night Wasn’t a GOP Victory, It was a Democratic Rout

By Dave Lindorff


The sclerotic Democratic Party was trounced yet again yesterday, as Republicans outdid projections and appear to have taken at least seven Senate seats away from the Democrats, giving them control of the both houses of Congress. 


Federal Reserve Policy Keeps Fracking Bubble Afloat and That May Change Soon

Cross-Posted from DeSmogBlog

In August 2005, the U.S. Congress and then-President George W. Bush blessed the oil and gas industry with a game-changer: the Energy Policy Act of 2005. The Act exempted the industry from federal regulatory enforcement of the Safe Drinking Water Act, the Clean Water Act and the National Environmental Policy Act.

Going, going, gone, but let’s not forget him: Obama’s Attorney General Eric Holder Leaves Office

By Dave Lindorff


Good riddance!


Eric Holder has announced that he is leaving his post of Attorney General, which he has sullied and degraded for six years.


‘Strident’ reporting at the Times: Already Abused by Cop, DA and Court, Occupy Protester Now Trashed by NY’s Leading Paper

By Dave Lindorff


When a journalist in a news article refers to a woman as “strident,” you know what you’re reading is a hit piece, not a dispassionate report, and that’s what the New York Times offered up to readers in today’s piece about a court appearance yesterday by Occupy Wall Street activist Cecily McMillan.

Unbroken and out to expose US prison system: Exclusive Interview with Police Abuse Victim and Occupy Activist Cecily McMillan

By Dave Lindorff


In an exclusive intervew on the Progressive Radio Network’s “This Can’t Be Happening!” program, Occupy Wall Street activist Cecily McMillan, just released after two months of a three-month sentence to the Women’s Prison on Riker’s Island, talks about her conviction on a trumped-up charge of felony assault of a New York Police Officer. 


On KPFA's 'Project Censored' program: Discussing Homeland Security's Labeling of ThisCantBeHappening! as a 'Threat'

By Dave Lindorff

 

Dave Lindorff is interviewed by Mickey Huff and Peter Phillips of Project Censored on their June 27 program on San Francisco public radio station KPFA. Lindorff tells Huff and Phillips about how TCBH! learned, from a Department of Homeland Security document obtained recently thanks to a Freedom of Information Act filing by the Partnership for Civil Justice, that ThisCantBeHappening! had been labeled a "threat" by the DHS.

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