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The Future of Manufacturing, GM, and American Workers (Part I)

The Future of Manufacturing, GM, and American Workers (Part I)
By Robert Reich | Robert Reich's Blog

What's the Administration's specific aim in bailing out GM? I'll give you my theory later.

For now, though, some background. First and most broadly, it doesn't make sense for America to try to maintain or enlarge manufacturing as a portion of the economy. Even if the U.S. were to seal its borders and bar any manufactured goods from coming in from abroad--something I don't recommend--we'd still be losing manufacturing jobs. That's mainly because of technology.

When we think of manufacturing jobs, we tend to imagine old-time assembly lines populated by millions of blue-collar workers who had well-paying jobs with good benefits. But that picture no longer describes most manufacturing. I recently toured a U.S. factory containing two employees and 400 computerized robots. The two live people sat in front of computer screens and instructed the robots. In a few years this factory won't have a single employee on site, except for an occasional visiting technician who repairs and upgrades the robots.

Factory jobs are vanishing all over the world. Even China is losing them. The Chinese are doing more manufacturing than ever, but they're also becoming far more efficient at it. They've shuttered most of the old state-run factories. Their new factories are chock full of automated and computerized machines. As a result, they don't need as many manufacturing workers as before. Read more.

Is Larry Summers Taking Kickbacks From the Banks He's Bailing Out?

Is Larry Summers Taking Kickbacks From the Banks He's Bailing Out?
by Mark Ames | Global Research

Last month, a little-known company where Summers served on the board of directors received a $42 million investment from a group of investors, including three banks that Summers, Obama’s effective “economy czar,” has been doling out billions in bailout money to: Goldman Sachs, Citigroup, and Morgan Stanley. The banks invested into the small startup company, Revolution Money, right at the time when Summers was administering the “stress test” to these same banks.

A month after they invested in Summers’ former company, all three banks came out of the stress test much better than anyone expected -- thanks to the fact that the banks themselves were allowed to help decide how bad their problems were (Citigroup “negotiated” down its financial hole from $35 billion to $5.5 billion.)

The fact that the banks invested in the company just a few months after Summers resigned suggests the appearance of corruption, because it suggests to other firms that if you hire Larry Summers onto your board, large banks will want to invest as a favor to a politically-connected director.

Last month, it was revealed that Summers, whom President Obama appointed to essentially run the economy from his perch in the National Economic Council, earned nearly $8 million in 2008 from Wall Street banks, some of which, like Goldman Sachs and Citigroup, were now receiving tens of billions of taxpayer funds from the same Larry Summers. It turns out now that those two banks have continued paying into Summers-related businesses. Read more.

U.S.: NGOs Oppose Nearly 100-Billion-Dollar Pledge to IMF

U.S.: NGOs Oppose Nearly 100-Billion-Dollar Pledge to IMF
By Danielle Kurtzleben | IPS

A broad coalition of civil society groups, as well as some U.S. lawmakers, is fighting what they call a "blank cheque" from the U.S. to expand funding for the International Monetary Fund (IMF).

On May 22, the Senate passed a 91.3 billion-dollar-wartime spending bill that included 108 billion dollars for the Washington-based Fund. The bill will now have to be reconciled in a conference committee between the Senate and the House of Representatives whose own version omitted any IMF funding.

The funding was the U.S. part of a larger package agreed by the G20 leaders at their April meeting in London, where they pledged to provide 1.1 trillion dollars in additional funding to the IMF.

The President's Budget: Bush to Obama

The President's Budget: Bush to Obama

This publication offers a look at federal budgets spanning 2008 to 2010, including the Obama administration's first budget. Since the values embedded in the budget set the parameters for action while reflecting our nation's approach to the common good, citizens are urged to reconcile the numbers presented here with the President's words.

In order to stabilize the U.S. economy and decrease our reliance on unsustainable sources of energy, the administration identified three main objectives: reduce health care costs, improve education and embrace conservation efforts and renewable energy.

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now By Stephen Lendman

Note: Estulin will be the featured guest on The Global Research News Hour Tuesday, June 2. He can be heard live or afterwards through the program archive.

For over 14 years, Daniel Estulin has investigated and researched the Bilderberg Group's far-reaching influence on business and finance, global politics, war and peace, and control of the world's resources and its money.

Goodbye UAW?

I just got this Email from Michael Moore who's not here at America's Future Now!:

I write this on the morning of the end of the once-mighty General
Motors. By high noon, the President of the United States will have made
it official: General Motors, as we know it, has been totaled.

As I sit here in GM's birthplace, Flint, Michigan, I am surrounded by
friends and family who are filled with anxiety about what will happen to
them and to the town. Forty percent of the homes and businesses in the
city have been abandoned. Imagine what it would be like if you lived in
a city where almost every other house is empty. What would be your state
of mind?

It is with sad irony that the company which invented "planned
obsolescence" -- the decision to build cars that would fall apart after
a few years so that the customer would then have to buy a new one -- has
now made itself obsolete. It refused to build automobiles that the

Grand Theft Auto: How Stevie the Rat bankrupted GM

By Greg Palast

They may be crying about General Motors' bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won't spoil Jamie Dimon's day.

Dimon is the CEO of JP Morgan Chase bank. While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting zilch and many creditors getting hosed, a few privileged GM lenders - led by Morgan and Citibank - expect to get back 100% of their loans to GM, a stunning $6 billion.

The way these banks are getting their $6 billion bonanza is stone cold illegal.

I smell a rat.

Stevie the Rat, to be precise. Steven Rattner, Barack Obama's 'Car Czar' - the man who essentially ordered GM into bankruptcy this morning.

On the Street and On Facebook: The Homeless Stay Wired

On the Street and On Facebook: The Homeless Stay Wired
By Phred Dvorak | WSJ

Like most San Franciscans, Charles Pitts is wired. Mr. Pitts, who is 37 years old, has accounts on Facebook, MySpace and Twitter. He runs an Internet forum on Yahoo, reads news online and keeps in touch with friends via email. The tough part is managing this digital lifestyle from his residence under a highway bridge.

"You don't need a TV. You don't need a radio. You don't even need a newspaper," says Mr. Pitts, an aspiring poet in a purple cap and yellow fleece jacket, who says he has been homeless for two years. "But you need the Internet."

Mr. Pitts's experience shows how deeply computers and the Internet have permeated society. A few years ago, some people were worrying that a "digital divide" would separate technology haves and have-nots. The poorest lack the means to buy computers and Web access. Still, in America today, even people without street addresses feel compelled to have Internet addresses.

New York City has put 42 computers in five of the nine shelters it operates and plans to wire the other four this year. Roughly half of another 190 shelters in the city offer computer access. The executive director of a San Francisco nonprofit group, Central City Hospitality House, estimates that half the visitors to its new eight-computer drop-in center are homeless; demand for computer time is so great that users are limited to 30 minutes....

Cheap computers and free Internet access fuel the phenomenon. So does an increasingly computer-savvy population. Many job and housing applications must be submitted online. Some homeless advocates say the economic downturn is pushing more of the wired middle class on to the streets. Read more.

Mayor Bloomberg's Pick For Heading The NYCHA Is Bad News For NYC's Working Class

Mayor Blooberg's pick for heading the NYCHA is bad news for NYC's working class
By Matthew Abuelo | Examiner.com

Earlier this week Mayor Michael Bloomberg announced the appointment of former Lehman Brother's economic strategist, John B. Rhea to head the New York City Housing authority which administers public housing. For those of you who are keeping score, Rhea held his previous position at the time of the failed investment firm's collapse. The move seems to fall in line with the Mayors plan to marry public housing and the private sector and, if what we've seen from the rent guidelines board is any indication, then we could all be in for a bumpy ride. We're already seeing similar signs of such a marriage being proposed by the mayor's office, including his affordable housing plan (see link below). Here is closer look at what Rhea and what his appointment will mean for NYC's affordable housing.

After the collapse of Lehman brothers John B. Rhea, stayed on with the new owners at Barclay's. The 43 year old Wall Streeter also has worked for JP Morgan where he was involved in overseeing several mergers and acquisitions worth 50 billion dollars, according to the NY Times. His biggest merger was that of RJ Reynolds and smokeless tobacco products. His connection to politics has been as money man for the Democrats, often being responsible for Wall Street's contributions to both president Obama and Senator Chuck Schumer. For Obama, Rhea brought in a reported $500,000, mostly from Wall Street. And for Schumer he has been a liaison between the Senator's campaign and Wall Street.

But John B. Rhea has no experience in housing - none. So it seems a bit puzzling why Mayor Bloomberg would put him in charge of an agency which oversees 178,000 apartments throughout the five boroughs, which house just under 408,000 residents. The office is is also in charge of Section 8 housing and runs the federal voucher program. The two programs combined make up 8% of all New York City housing, and which largely serves those earning $23,000 dollars and less a year. Rhea's disconnect from the population that he will be serving become only too clear when, while speaking at an event announcing his new position he joked about "not taking the job for the money". He'll be making $189,700 a year.

To be fair, however, there is little doubt that the former Lehman Brother's executive will be making less than he was during his Wall Street days. But the crime of hiring someone so inexperienced on the issue and is so close to the marketplace is that the office of NYCHA has been a lighting rod for scandals for decades. This under-funded agency, whose annual budget is 3.4 billion dollars, is currently running an 177 million deficit and the public housing itself has been allowed to deteriorate to the point that the buildings themselves are deemed unsafe and, in many cases, are actually condemned. Read more.

The 10 Largest U.S. Bankruptcies

The 10 Largest U.S. Bankruptcies | CNN Money | Fortune.com

  1. Lehman Brothers Holdings | Rank: 1 | Date of bankruptcy filing: 09/15/08 | Assets: $691 billion | Now trading pink at less than a nickel
  2. Washington Mutual | Rank: 2 | Date of bankruptcy filing: 09/26/08 | Assets: $327.9 billion
  3. WorldCom | Rank: 3 | Date of bankruptcy filing: 07/21/02 | Assets: $103.9 billion
    Editorial comment: Those first 3 add up to more than a trillion, folks.
  4. General Motors | Prospective Rank: 4 | Likely date of bankruptcy filing: June 2009 | Assets: $91 billion
  5. Enron | Rank: 5 | Date of bankruptcy filing: 12/02/01 | Assets: $65.5 billion
  6. Conseco | Rank: 6 | Date of bankruptcy filing: 12/17/02 | Assets: $61 billion
  7. Chrysler | Rank: 7 | Date of bankruptcy filing: 04/30/09 | Assets: $39 billion
  8. Thornburg Mortgage | Rank: 8 | Date of bankruptcy filing: 05/01/09 | Assets: $36.5 billion
  9. Pacific Gas and Electric Co. | Rank: 9 | Date of bankruptcy filing: 04/06/01 | Assets: $36 billion
  10. Texaco | Rank: 10 | Date of bankruptcy filing: 04/12/87 | Assets: $34.9 billion

Editorial comment: The last 7 largest bankruptcies add up to $364 Billion, so Lehman Brothers darn near doubled the remaining seven largest bankruptcies in American capitalist history. Way to go! (Not!)

LA: Homeless Cave Uncovered

Second Round of Homelessness for Katrina Victims as FEMA Prepares to Enforce June 1 Eviction Date

SECOND ROUND OF HOMELESSNESS FOR KATRINA VICTIMS AS FEMA PREPARES TO ENFORCE JUNE 1 EVICTION DATE | Press Release

US Human Rights Network Condemns Federal Government’s Move to Repossess Trailers and Leave Thousands Homeless

Atlanta, May 29, 2009 - In response to the Federal Emergency Management Agency’s decision to repossess temporary housing from survivors of Hurricane Katrina on June 1, the US Human Rights Network issued the following statement:

The move by FEMA to enforce the June 1st eviction date for Gulf Region residents who live in temporary trailers not only lacks basic compassion but is also a derogation of the government’s responsibilities to uphold fundamental human rights. If FEMA moves forward with the Bush administration's plan to forcefully evict people living in temporary housing, it will make a mockery of the Gulf Region recovery promised by President Obama and Congress.

Earnest Hammond is a 70 year-old retired truck driver who received no assistance after Hurricane Katrina destroyed his home. He took matters into his own hands and by collecting aluminum cans, raised thousands of dollars to repair his badly damaged house. He is eager to move back but can’t restore his home by the June 1st deadline, and is facing eviction. “I have nowhere to go if they take my trailer. It’s hard to believe I have to go through this again.”

Manipulation: How Markets Really Work

Manipulation: How Markets Really Work
By Stephen Lendman

Wall Street's mantra is that markets move randomly and reflect the collective wisdom of investors. The truth is quite opposite. The government's visible hand and insiders control markets and manipulate them up or down for profit - all of them, including stocks, bonds, commodities and currencies.

It's financial fraud or what former high-level Wall Street insider and former Assistant HUD Secretary Catherine Austin Fitts calls "pump and dump," defined as "artificially inflating the price of a stock or other security through promotion, in order to sell at the inflated price," then profit more on the downside by short-selling. "This practice is illegal under securities law, yet it is particularly common," and in today's volatile markets likely ongoing daily.

Ending Today's Economic Crisis Simply and Easily, In America and Globally

Ending Today's Economic Crisis Simply and Easily, in America and Globally
By Stephen Lendman

Some of the best ideas are often the simplest. When applied to the global economic crisis, the solution is easier than imagined. What's hard, in fact a Gordian Knot, is the political will to embrace it. But even matters that great can be solved by a bold stoke, and according to legend, Alexander the Great's "Alexandrian solution" was achieved with one stroke of his sword, cutting the Knot in half. Applied to the global economic crisis, it means addressing it with effective policies, not ones wrecking America and other troubled nations worldwide.

Economist Michael Hudson explains that "debt leveraging is what caused our economic collapse," so piling on more ("The Recovery Plan from Hell" he calls it) makes things worse, especially the way it's done:

Tomgram: William Astore, Educating Ourselves to Oblivion

Tomgram: William Astore, Educating Ourselves to Oblivion | TomDispatch.com

As usual, the humanities were allowed to wither. Don't know much about history? Go ahead and authorize waterboarding, even though the U.S. prosecuted it as a war crime after World War II. Don't know much about geography? Go ahead and send our troops into mountainous Afghanistan, that "graveyard of empires," and allow them to be swallowed up by the terrain as they fight a seemingly endless war.

Can there be any doubt that education matters not just in how we view the world, but in what kind of world we create -- or simply accept? And can there be any doubt that, despite a massive educational infrastructure (admittedly now fraying badly), Americans remain remarkably poorly informed about the world? Last year, Rick Shenkman, the editor of the History News Network website, published a book (now out in paperback), Just How Stupid Are We? Facing the Truth About the American Voter, excerpted at this site. Stupid enough (or ill-informed) was the answer.

Since Barack Obama's election, many readers wrote Shenkman asking him if he still believes that "the voters are uninformed. Didn't Obama's election mean they were pretty smart?" In a recent post, he answered regretfully in the negative and here's just a little of what he had to say:

"The highlights of the 2008 election included controversies over Obama's bowling score, his middle name Hussein, and Hillary's crying. These were not exactly issues of much weight at a time when the financial collapse of the country was happening before our eyes. And yet they drew extended media commentary...The media was to blame for the deplorable low quality of much of the campaign. But I am firmly convinced that you get the campaign you deserve...

"Looting of America" Author Sees Opportunity in Meltdown

By David Swanson

I've just interviewed Les Leopold, who blames the recent financial disasters on trends that began over 30 years ago, explains how a great deal of Wall Street's "investing" has had as much connection to the real economy as fantasy baseball has to baseball, diagnoses the failures of labor and the left to resist the financialization of the economy, views the current situation with genuine optimism as a rare moment in which we might be able to make necessary changes to regulate finance and to shift money from a tiny group of billionaires to the rest of society, and explains why that latter step is needed to stabilize any economy.

With teach-ins planned everywhere on June 10th and people trying to educate each other on exactly what just happened to trillions of our children's dollars, you could do a lot worse than to gather some friends together, read or listen to, and discuss, this interview, and then take appropriate actions.

Here's the audio in an mp3. It's a little under an hour.

David Swanson interviewing Les Leopold:

Media as a Weapon: New Orleans’ 2-Cent

By Jordan Flaherty
http://www.colorlines.com/article.php?ID=532

The video grabs your attention immediately. Young people in the Lower Ninth Ward hold up signs that read: “looter,” “we’re still here,” and “America did this.” Amid empty lots and damaged houses, poet Nik Richard delivers this message: “Hurricane Katrina was the biggest national disaster to hit American soil, and nearly two years later, this area is still devastated. But you know what? We made sure we preserved it strictly for your tourism. For about $75, you can take one of these many tour buses.”

Tourists drive by and people with cameras gawk. Richard looks directly at the camera and says, “It looks like there’s more money to be paid in devastation than regeneration. If y’all keep paying your money to see it, should we rebuild it?”

US Army Gets Eco-Conscious, Preps Mega Solar Plant

US Army gets eco-conscious, preps mega solar plant
By Austin Modine | The Register

You know the "go green" push is reaching a zenith when the fuel-slurping US Army wants to get serious about having a daintier environmental footprint.

The Army said it's enlisting several big new energy projects to promote less energy waste in local and overseas bases. Among its ambitions are rolling out a fleet of electric vehicles, establishing biomass fuel demonstrations at select Army posts, and constructing what could be one of the most powerful solar power plants in the world.

"We spend over $3bn every year on energy and the majority of it is spent on our installations. We can significantly reduce our energy consumption by partnering within government and with the private sector to capitalize on the great strides in proven technology that have been developed and implemented across the country," said Secretary of the Army Pete Geren. Read more.

Rebuilding The Banks

Rebuilding the banks | The Economist

Banking is the industry that failed. Banks are meant to allocate capital to businesses and consumers efficiently; instead, they ladled credit to anyone who wanted it. Banks are supposed to make money by skilfully managing the risk of transforming short-term debt into long-term loans; instead, they were undone by it. They are supposed to expedite the flow of credit through economies; instead, they ended up blocking it.

The costs of this failure are massive. Frantic efforts by governments to save their financial systems and buoy their economies will do long-term damage to public finances. The IMF reckons that average government debt for the richer G20 countries will exceed 100% of GDP in 2014, up from 70% in 2000 and just 40% in 1980.

Despite public rage over bank bail-outs, the industry has also comprehensively failed its owners. The scale of wealth destruction for shareholders has been breathtaking. The total market capitalisation of the industry fell by more than half in 2008, erasing all the gains it had made since 2003 (see chart 1).

Employees have scarcely done better. The popular perception of bankers as Porsche-driving sociopaths obscures the fact that many of the industry’s staff are modestly paid and sit in branches, information-technology departments and call-centres. Job losses in the industry have been savage. “Being done” used to refer to hearing about your annual bonus. Now it means getting fired. America’s financial-services firms have shed almost half a million jobs since the peak in December 2006, more than half of them in the past seven months. Many have gone for good. Read more.

The Quiet Coup

Charles Ganske of Russia Blog excerpted a portion of Simon Johnson's May 2009 article at the Atlantic Monthly titled, "The Quiet Coup." The author, Professor Johnson, served as director of the International Monetary Fund from 2007 to 2008, and currently is an academic economist at MIT's Sloan School of Management. Here are a few provocative excerpts:

...at the outset of the crisis, the oligarchs are usually among the first to get extra help from the government, such as preferential access to foreign currency, or maybe a nice tax break, or—here’s a classic Kremlin bailout technique—the assumption of private debt obligations by the government. Under duress, generosity toward old friends takes many innovative forms. Meanwhile, needing to squeeze someone, most emerging-market governments look first to ordinary working folk—at least until the riots grow too large....

Instead, the American financial industry gained political power by amassing a kind of cultural capital—a belief system. Once, perhaps, what was good for General Motors was good for the country. Over the past decade, the attitude took hold that what was good for Wall Street was good for the country. The banking-and-securities industry has become one of the top contributors to political campaigns, but at the peak of its influence, it did not have to buy favors the way, for example, the tobacco companies or military contractors might have to. Instead, it benefited from the fact that Washington insiders already believed that large financial institutions and free-flowing capital markets were crucial to America’s position in the world.

Read more of the excerpted article at Russia Blog

Read Simon Johnson's entire article at the Atlantic Monthly.

Freshman Democrat Alan Grayson Attacks Obama's War Policy

Freshman Democrat Alan Grayson Attacks Obama's War Policy
by Christopher Bateman | Vanity Fair

In 2007, Vanity Fair’s David Rose wrote about an ambitious lawyer and entrepreneur named Alan Grayson, who at the time was suing KBR and other defense contractors in Iraq for alleged fraud on behalf of whistleblowers and American taxpayers. Grayson, who ran for Congress unsuccessfully in 2006, ran again in 2008, and this time was elected to represent Florida’s 8th district, which encompasses part of Orlando....

Have you been pleased at all with the Obama administration’s policies in Iraq and what they’ve done there so far?

Fantasy Finance and Real Fixes

By David Swanson

If you're like me you find it at least a bit disturbing that we're giving trillions of dollars to save the economy to the very people who wrecked it, and more disturbing that we're doing so without any solid basis for expecting to get much of it back and without making fundamental changes to prevent a repetition. But if you're like me, you also aren't 100 percent certain how a credit default swap works with a cubed collateralized debt obligation, much less whether such a monstrosity needs to be eliminated or reformed. What to do?

Greenspan Says Banks Still Have a ‘Large’ Capital Requirement

Greenspan Says Banks Still Have a ‘Large’ Capital Requirement
By Alison Fitzgerald | Bloomberg

Former Federal Reserve Chairman Alan Greenspan signaled that the financial crisis has yet to end even as borrowing costs tumble, warning that U.S. banks must raise “large” amounts of money.

“There is still a very large unfunded capital requirement in the commercial banking system in the United States and that’s got to be funded,” Greenspan said in an interview yesterday in Washington. He also said that “until the price of homes flattens out we still have a very serious potential mortgage crisis.”

Greenspan’s comments suggest he sees a bigger capital shortfall in the banking system than reflected in regulators’ stress tests on the 19 biggest U.S. lenders. Treasury Secretary Timothy Geithner told lawmakers yesterday that banks have issued more than $56 billion in new stock or debt since the tests found 10 firms needed to raise about $75 billion. Read more.

US Banks Expected To Repay $25bn

US banks expected to repay $25bn | BBC

US financial institutions will repay $25bn (£16bn) of bail-out funds over the next year, the US Treasury says.

Treasury Secretary Timothy Geithner told US Congress the money will be used to further assist institutions in need of financial help.

Including the anticipated repayment, he estimated that $123.7bn was left from the the $700bn financial bail-out fund approved by Congress in October. Read more.

Will Speaker Pelosi Stand Up to the IMF?

It would be an exaggeration to say that Congress has a once-in-a-lifetime opportunity this week to reform the policies of the International Monetary Fund. If the future is like the past, if Congress misses this opportunity, another one will come along - in about 10 years or so.

This week, House and Senate leaders are meeting in a conference committee to work out the differences between the House and Senate versions of the supplemental appropriations bill. The Senate version of the bill is likely to include $100 billion and new authorities for the IMF, but the House version of the supplemental bill did not include funds for the IMF. The Senate is debating amendments now as I write. The conference committee will almost surely meet soon after Senate passage; the stated goal is to pass the supplemental before the Memorial Day recess.

"Over the Rainbow"


"Over the Rainbow"
By Stephen Lendman

This writer just completed a six-part series on Ellen Brown's remarkable 2007 book titled "Web of Debt." This article follows from it by picking up on the theme she struck, using L. Frank Baum's "The Wonderful Wizard of Oz" as a combination parable, monetary allegory, and political manifesto for change at a time it's most needed.

Published in 1900 as an American fairytale, it became a popular staple, later made into the classic 1939 film staring Judy Garland, the 1975 award-winning Broadway musical, The Wiz, featuring the first-ever all-black cast, followed by a hit film on the stage production.

As Brown explained, who would have thought this "charming tale....was drawn from that most obscure and tedious of subjects, banking and finance," and (in the wrong hands) the chokehold they have on societies. Who understood that it was "all about people power, manifesting your dreams, (and) finding what you wanted in your own backyard." Who also could have imagined that "the real-life folk heros who inspired (Baum's) plot may have had the answer to" today's global economic crisis.

Brown began by quoting Hans Schicht in a 2005 editorial headlined "The Death of Banking and Macro Politics" in which he stated:

"Through a network of anonymous financial spider webbing only a handful of global King Bankers own and control it all....Everybody, people, enterprise, State and foreign countries, all have become slaves chained to the Banker's credit ropes."

Where's the Goddamn Outrage: When It Comes to Labor Laws, We Have a Corporate Crime Wave

By Dave Lindorff

A new study of 1004 union organizing drives conducted by the director of labor education research at Cornell University’s School of Industrial and Labor Relations has found that two-third of the companies involved were violating US labor law by holding one-on-one interrogations of workers, by threatening workers about their union support, by firing union organizers or using half a dozen other illegal tactics to defeat unionization campaigns.

Prof. Kate Bronfenbrenner, author of No Holds Barred: The Intensification of Employer Opposition ot Organizing, says that these illegal tactics by employers have been used to drive union representation at American companies down to only 12.4 percent from a level of 22 percent just 30 years ago.

Ellen Brown

Author/Lawyer/Economic Analyst

Host: Basima Farhat

Showtime: Tuesday, May 19, 2009 - 8:00pm-9:00pm Eastern
Listen Live on BBSRadio or you may also join us live in our virtual auditorium!
 

Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Brown developed an interest in the developing world and its problems while living abroad for eleven years in Kenya, Honduras, Guatemala and Nicaragua. She returned to practicing law when she was asked to join the legal team of a popular Tijuana healer with an innovative cancer therapy, who was targeted by the chemotherapy industry in the 1990s. That experience produced her book Forbidden Medicine, which traces the suppression of natural health treatments to the same corrupting influences that have captured the money system. Brown’s eleven books include the bestselling Nature’s Pharmacy, co-authored with Dr. Lynne Walker, which has sold 285,000 copies.

Reviewing Ellen Brown's "Web of Debt:" Part VI

Reviewing Ellen Brown's "Web of Debt:" Part VI
By Stephen Lendman

This is the sixth and final article on Ellen Brown's superb 2007 book titled "Web of Debt," now updated in a December 2008 third edition. It tells "the shocking truth about our money system, (how it) trapped us in debt, and how we can break free." This article focuses on establishing a people-oriented banking system. It's high time we had one and reclaimed what's rightfully ours.

Restoring National Sovereignty with A Truly National Banking System

One serving everyone, not powerful moneychangers alone, the so-called Money Trust cartel of Wall Street bankers looting the national wealth for themselves and heading the country for bankruptcy, tyranny and ruin. Stopping them is Job One, and only mass activist outrage can do it.

At the Chicago Democratic National Convention, William Jennings Bryan won the nomination saying:

"(W)e believe that the right to coin money and issue money is a function of government....I stand with Jefferson (and say), as he did, that the issue of money is a function of the government and that banks should go out of the governing business....(W)hen we have restored the money of the Constitution, all other necessary reforms will be possible, and....until that is done there is no reform that can be accomplished."

Speaking Events

2016

War Is A Lie: Second Edition
Book Tour

May 19, Sarasota, FL, 7:00 p.m. Fogartyville Community Media and Arts Center 525 Kumquat Court, Sarasota, FL

May 20, Jacksonville, FL, 7:00 p.m., Florida Christian Center Auditorium, 1115 Edgewood Ave S, Jacksonville, FL 32205, (904) 381-4800.

May 21, Gainesville, FL
7:00 p.m.
Unitarian Universalist Fellowship of Gainesville, Florida
4225 NW 34th St, Gainesville, FL 32605
(352) 377-1669
Sign up on FB.


May 28, San Francisco, CA
11 a.m. to 1 p.m., David Swanson interviewed by Daniel Ellsberg, at San Francisco Main Public Library, 100 Larkin Street.
Sign up on FB.

May 28, Marin County, CA
4 to 6 p.m., David Swanson in conversation with Norman Solomon, at Book Passage, 51 Tamal Vista Blvd., Corte Madera, CA
Sign up on FB.

May 29, Oakland, CA
3 to 4 p.m., David Swanson interviewed by Cindy Sheehan, at Diesel: A Bookstore, 5433 College Avenue at Kales (near Manila), Oakland, CA
Sign up on FB.

May 29, Berkeley, CA
7:30 to 9 p.m., David Swanson and Cindy Sheehan at Berkeley Fellowship of Unitarian Universalists, sponsored by the Social Justice Committee and Cynthia Papermaster, 1606 Bonita Ave. (at Cedar), Berkeley, CA
Sign up on FB.

May 30, Fresno, CA
2 to 4 p.m., David Swanson and Cindy Sheehan at a Peace Fresno event
Community United Church of Christ
5550 N. Fresno Street
Fresno, CA 93710


June 11 St. Paul, MN, 6 p.m. at Macalester Plymouth Church Social Hall 1658 Lincoln, St. Paul, MN.
Sign up on FB.

June 12 Minneapolis, MN, 9 and 11 a.m. at St. Joan's 4533 3rd Ave So, Minneapolis, MN, plus peace pole dedication at 2 p.m.
Sign up on FB.


Other Events Here.

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