You are hereEconomy
By Dave Lindorff
In ways little and huge, it is clear that we live in a nation, a culture and a society that is terminally ill.
The latest outrage -- the likely execution of a Mexican convicted in Texas of the brutal slaying of a 16-year-old girl in blatant violation of a universally adopted international treaty that requires that as a foreigner he be able to notify his home country’s consulate of his case -- is evidence of this sickness, which appears to have both physical and mental aspects.
As a journalist I have traveled widely in the world, often in police states like China or Laos, and I have always trusted in the fact that if I ran afoul of those police, at least I could count on the fact that the authorities would be legally bound to notify my embassy, so that I could get international attention and, hopefully, legal assistance.
"The fiscal good has to outweigh the pain," a nameless Democrat told the Washington Post regarding President Obama's latest proposal to massively cut Social Security, against the wishes of the vast majority of Americans, in order to fund a military 670% larger than the next largest in the world, keep in place tax cuts for billionaires, fail to tax corporations or estates or investments or carbon, and balance a budget that nobody gives a rat's ass about balancing when Wall Street comes asking for handouts.
By Linn Washington, Jr.
Given the stark desperation stalking so many communities around an America oozing from miseries embedded in the stagnant economy, it’s almost an inane exercise to contemplate the state-of-democracy in this nation on July 4th -– Independence Day.
All of the flag waving, fireworks and fun of this national holiday can’t mask the disturbing fact that democracy in America is under unprecedented onslaught from forces intent on engaging in economic exploitation comparable to the colonial crown domination that compelled Americans to rebel against England over two hundred years ago.
Examples of this onslaught abound with one of the most pronounced being federal and state level elected officials – overwhelming Republican – bludgeoning and eliminating benefits that have aided the middle class and the poor, in the name of budget balancing austerity, while simultaneously battling to protect the profits and assets of the wealthy.
A 'Patriotic' U.S. company ripping off the Army and the American Tax Payers, and military procurement officers allowing it to happen, knowing many will go to work for these defense contractors after their service, especially with two long occupations still ongoing, say it ain't so!
The Money Party is a very small group of enterprises and individuals who control almost all of the money and power in the United States. They use their money and power to make more money and gain more power. It's not about Republicans versus Democrats. The Money Party is an equal opportunity employer. It has no permanent friends or enemies, just permanent interests. Democrats are as welcome as Republicans to this party. It’s all good when you’re on the take and the take is legal. Economic Populist
Working America's Dismal State - by Stephen Lendman
Two recent studies documented it, both discussed below. In May 2011, Northeastern University's Center for Labor Market Studies (NECLMS) headlined, "The 'Jobless and Wageless' Recovery from the Great Recession of 2007 - 2009: The Magnitude and Sources of Economic Growth Through 2011 (Q I) and Their Impacts on Workers, Profits, and Stock Values."
From 2007 - 2009, private sector wages and salaries declined sharply, while unemployment, underemployment, and their median and mean durations skyrocketed.
According to the National Bureau of Economic Research (NBER: the official US business cycle arbiter), the recession ended in June 2009. Public opinion polls sharply disagree. Two by ABC in May and June 2010 found 88 - 90% of respondents rating the economy "not so good" or "poor." They should know. They feel it.
And now we're over a decade of oh so many lessons not learned and in not one but two theaters of with a third front being bombed and invaded right next door to one of the two and joined with NATO in bombing another that the previous administration had brought the leader of back into the fold after years of calling him a terrorists supporter and supporting terrorists criminal acts!
As we were coming out of Vietnam, especially in the end of, the Country with almost one voice said they'd "never forget the lessons of!" that lasted oh probably five minutes or, even without cable then, a couple of news cycles as we've seen during this whole past decade. The War Hawk Neo-Cons thought they had the lessons, not the real lessons of wars of choice, needed to occupy and control an invaded country, well a decade plus later DeJa-Vu all over again.
There is finally a solid proposal in Washington for a budget that defunds the wars, cuts the base Pentagon budget, taxes corporations, creates jobs and saves services people need. It’s called the People’s Budget.
On June 5 the New Priorities Network launched a summer campaign to shift our nation’s priorities from war to jobs and human needs. The campaign has two legs:
An online poll where people can choose between the GOP budget, Obama’s budget, and the People’s Budget. Poll results by state and congressional district will go to Congresspeople, Senators, and the media.
Town Hall Meetings on the People’s Budget Budget in our congressional districts over the summer.
Take the poll and vote for the America YOU want!
Americans are feeling the chill of economic malaise, and the policy response should be to divert part of the defense budget and to tax U.S. corporations' offshore profits to develop an alternative energy infrastructure, columnist Cate Long writes.
Jun 8, 2011 - Our nation is in a serious economic crisis. Both political parties dance around each other with varying demands for cuts in entitlement programs, tax increases and a rise in the debt ceiling. It’s a doomsday prospect and the American people are feeling the chill of economic malaise.
Exciting times over here, to say the least! The June 14th Flag Day Rebellion against economic tyranny is growing much stronger and more rapidly than anticipated. As a small part of a decentralized movement, it’s hard to measure the overall impact, but my email inbox is exploding with support and interest. This movement is definitely succeeding in uniting people from all over the political spectrum. Hardcore progressives and libertarians have found common cause. Liberals who are sick of “spineless Democrats.” Conservatives who have had enough of “crony-capitalist and imperial Republicans.” Apolitical people who are sick and tired of living paycheck to paycheck, struggling to get by. The foreclosed upon. The unemployed. People desperately surviving off of food stamps.
Global Economic Crisis Deepening - by Stephen Lendman
In the 1960s, economist Arthur Okum began calculated America's Misery Index by adding the unemployment and inflation rates for a sense of public pain or lack of it in good times.
In May, it hit a record high exceeding 25, surpassing the earlier June 1980 21.98 top, based on how both measures were then calculated, not today's methodology, manipulated to hide painful truths.
At issue is:
-- over 22% unemployment, including discouraged workers and the so-called "birth-death model" estimate of net non-reported jobs from new businesses minus losses from ones no longer operating; during hard times, painful truths are hidden by creating non-existent jobs out of whole cloth instead of subtracting them to reflect fewer, not additional new businesses;
-- double digit inflation, including soaring food, energy, healthcare, college tuition, and other costs omitted or understated in core figures;
Notice how the congressional tepublicans, and especially their cult like followers, never mention the Wars after rubber stamping everything but Veterans Care and even Military Care related to while talking about the growing budget problems they created when they controlled it all. Even now gaining back the House and a few more in the Senate, to continue obstruction, they have sought to cut area's of the Veterans Admin budget!
June 3, 2011 - Even as the wars wind down in Iraq and Afghanistan the financial cost of taking care of veterans continues to mount and could reach a trillion dollars in coming decades
By Dave Lindorff
It was just as recently as a year ago that the authorities in politics, business and academe were stating boldly and confidently that the nation's economy was on the mend, and that there was no chance of a backslide into recession again.
Take Lakshman Achuthan and Anirvan Banerji who are, respectively, co-founder and chief operating officer and co-founder and chief research officer of ECRI, the Economic Cycle Research Institute.
"The good news is that the much-feared double-dip recession is not going to happen," they said on CNN on Oct. 28, last year. "After completing an exhaustive review of key drivers of the business cycle, ranging from credit to inventories and measures of labor market conditions, we can forecast with confidence that the economy will avoid a double dip."
The big banks have sold us out.
Democrats and Republicans have sold us out.
No one is defending our interests.
Our future is going up in flames.
It’s time for us to stand up and defend ourselves.
Trillions of dollars in fraudulent activity by the big banks on Wall Street caused our current economic crisis. Paid off politicians from both parties, along with secret deals made by the Federal Reserve, gave trillions of taxpayer dollars and subsidies to the very people who caused our crisis. After taking our tax dollars, they had the audacity to give themselves all-time recording-breaking bonuses and consolidate wealth in unprecedented fashion within the economic top 0.01% of the population.
By Annika Breidthardt
BERLIN | Mon May 30, 2011 3:04pm EDT
(Reuters) - Germany plans to shut all nuclear reactors by 2022, Chancellor Angela Merkel's ruling coalition announced on Monday, in a policy reversal drawn up in a rush after the Fukushima disaster in Japan.
The nation formerly known as the Ottoman Empire is building a strong foundation for a bright future. The nation is also addressing its scandalous recent past as it reaches out to old enemies. The dynamics producing real change in Turkey are well worth understanding. Turkey is on a path to rapid economic growth, cultural liberalization, and will emerge as a key player in world affairs.
Turkey elected a new government in 2002. Recep Tayyip Erdoğan became Prime Minister after his AK Party gained an absolute majority in the nation's unicameral legislature. The AK party was tagged as a threat to Turkey's secular democracy by corporate media. This is, as usual, a perversion of the political and social realities.
By Dave Lindorff
Amid all the nonsense and gobbledegook that has been written about banking industry and about the economic slump during the last four years of the global financial crisis, New York Times reporter Gretchen Morgenson has stood out both for the clarity of her analysis, and for her willingness to go after the guilty parties in the political and especially the banking system, naming names and calling it as she sees it.
So it was kind of disappointing--even shocking--to read her latest article reporting on a new “study” by Peterson Institute for International Economics Senior Fellow Joseph Gagnon, warning about the nation’s growing debt crisis.
The Peterson Institute, founded by Wall Street tycoon Peter Peterson, has long been gunning for the Social Security and Medicare systems, which he, and the rest of the Wall Street gang, see as unfairly competing with Wall Street for the assets of the public, and as destructive of the “free market.”
A Jarring Disconnect: If Joblessness and Hopelessness Undermine Democracy in the Middle East, What About Here at Home?
By Dave Lindorff
In his latest speeches on the Middle East, President Obama, both at the State Department and at the G8 meeting in France, has pledged billions of dollars in economic aid to Middle Eastern countries, drawing a direct connection between the unrest and demonstrations that brought down the dictators in Tunisia and Egypt, and the joblessness and hopelessness felt by the young people in those two countries.
His adviser on international economics, David Lipton, has been more specific, saying that, “We believe that these two pillars go hand in hand. Without economic modernization, it will be hard for governments trying to democratize to show people that democracy delivers.”
Unemployment in Egypt among young men and women is about 30%. In Tunisia, it is over 40%. The White House claims that with figures like that, the future for democracy in those countries is tenuous.
By Linn Washington, Jr.
The U.S. government won convictions against 23,506 drug traffickers nationwide during 2010, sending 96 percent of the offenders to prison, according to U.S. Sentencing Commission statistics.
Yet one of the biggest entities busted by the feds for involvement in drug trafficking last year received just a wrist-slap deal from federal prosecutors with nobody getting prison time.
During 2010, the U.S. government also won convictions against 806 persons involved in smaller-time drug-related money laundering, sending nearly 77 percent of those offenders to prison.
Yet when it came to a case involving billions of dollars in illegal drug profits, the federal government gave the same unusual wrist-slap to the same entity caught giving greed-blinded assistance to Mexican drug cartels by laundering billions of dollars in illegal profits for them.
By Catherine Hornby
ROME | Wed May 18, 2011
(Reuters) - Up to 27 million people are modern-day slaves, and migrants fleeing violence in North Africa are among those most at risk of being exploited, a senior U.S. official said on Wednesday.
Countries where migrants arrive should try to identify potential victims and protect them, rather than opting for immediate repatriation which often sends them back into the hands of human traffickers, U.S. Ambassador-at-Large Luis CdeBaca said.
Tens of thousands of migrants are fleeing turmoil in North Africa, with many trying to reach Europe by boat, but the problem of slavery exists all over the world and India, Thailand and Malaysia are among the worst-affected countries.
BBC News - 19 May 2011
A US governor has signed a bill requiring a French railway company to disclose its role in the Holocaust if it is to win state contracts.
Martin O'Malley of Maryland signed a bill aimed at Keolis, a Paris company owned by French national railways SNCF.
The company had bid to operate commuter trains in the state of Maryland.
Historians say SNCF moved 76,000 Jews to Nazi camps during the Holocaust. The laws' supporters say it will force disclosure of war records.
"We hope this legislation can become a national model sooner rather than later so that Holocaust survivors who are still with us can know that the atrocities inflicted upon their families and their people will remain in our minds, will never be forgotten and will never be repeated," Mr O'Malley said on Thursday.
I hit the pavement today, running a reel of the past few months through the windmills of my mind. I’ve spent so much time, lately, in rooms of joy and sorrow, and hotels, and towns where I catch my reflection in some store window and think: Who is she?
I traveled with one son to visit another. Was sitting outside when the younger said, “Mom, you have beautiful feet. You have the feet of a sixteen-year-old.” Before I could tell him I know this, he continued, “It’s a shame I can’t say the same about your face.”
He and I had been discussing the dollar and what he calls my freak-ass economic doomsday tune. The whole foot thingy probably was an attempt to shift the subject.
Speculation reigns supreme in your nation’s capital. Who is next in line after the bin Laden operation? The bipartisan coalition directing the war on terror forgot one important fact about the security of the United States of America. It doesn’t matter who they kill overseas, the assault on almost all citizens continues unabated at home. No one is doing anything to stop it. Only the financial and political elite remain immune. (Image-WikiCommons)
You're headed for bankruptcy court tomorrow. It's been a long and difficult road. You and your husband both worked. You made decent money. Then your husband became ill. There was no sick leave because he worked for himself. His disability insurance had a six-month delay and only covered half of the lost income. That was all you could afford. (Image Wikimedia Commons)
Phantom Jobs and Economic Recovery in America - by Stephen Lendman
On May 6, headlines cheered the new jobs report, New York Times writer Motoko Rich headlining, "Payrolls Show Strong Growth but Jobless Rate Rises," saying:
"For three straight months, the nation's employers have delivered solid job growth, easing some concerns that the economy could be slowing."
Bloomberg.com's Timothy Homan said:
At 244,000, "American employers in April added more jobs than forecast....indicating the world's largest economy is weathering the impact of higher fuel prices."
Wall Street Journal writer Sara Murray wrote:
"Job engine shifts to higher gear (as) companies cranked up hiring in April to the fastest pace in five years...."
April seemed to drift in, whimpering and, then, banging shut. Caresses and blows.
Easter slid by. Where was I? North Carolina? Kentucky? Maryland?
Easter’s just candy, anyway, shaped like eggs, and a White House lawn with children on the hunt. Though I do remember something about a rock rolled away from a tomb.
Prince William and Kate were royally rocking and rolling, a circumstance of pomposity.
Now, we’re a week into May, Derby time with a parade of hats and thoroughly bred animals. Oh, and horses, too, racing for the first jewel in the Triple Crown, no thorns allowed.
This is celebration season. And many are celebrating death—the assassination of that mythical decider who claimed responsibility for “inspiring” 9-11 and scared us to bookstores to purchase bibles in freedomville where we can shop and choose a wireless plan with a special friends-and-family rate, radiation exposure, dropped calls, and surveillance included.
No Future, No Peace
by Allison Kilkenny | April 30, 2011
New York City organizers from the anti-tax dodging movement US Uncut today staged two peaceful teach-ins at Bank of America branches. Carl Gibson, the founder of the original US Uncut chapter in Jackson, Mississippi, joined the NYC protesters. Gibson was in town after playing a major role in the Washington, DC Power Shift flash mob  that successfully shut down a BP gas station, and the GE-oriented prank  pulled on the media in tandem with the Yes Men.
The bank is a familiar target for the tax dodging movement, and has been an object of the group’s outrage since US Uncut’s inception. “Bank of America hasn’t paid taxes on earnings in the last two years,” Gibson explains. “While they’re getting away with not paying taxes, we’re getting budget cuts.”
Orangutans are endangered by loss of their forest habitat. (Photo © naturepl.com / Anup Shah courtesy WWF)
April 29, 2011 (ENS) - Environmental leaders and politicians from around the world today called for an urgent move towards a global green economy in order to achieve sustainable development and wildlife conservation over the next 50 years.
Low-carbon technology, green infrastructures, investment in renewable energy and sustainable agriculture are essential in combating climate change, poverty and water shortages, said participants in the summit convened by WWF to mark the global conservation organization's 50th anniversary.