Public Banks Are Essential to Capitalism – Room for DebateTo ask whether public banks would interfere with free markets assumes that we have free markets, which we don’t. Banking is heavily subsidized and is monopolized by Wall Street, which has effectively “bought” Congress. Banks have been bailed out by the government, when in a free market they would have gone bankrupt.
How to lose half a trillion eurosON JUNE 16th something very peculiar happened in Germany’s electricity market. The wholesale price of electricity fell to minus €100 per megawatt hour (MWh). That is, generating companies were having to pay the managers of the grid to take their electricity. It was a bright, breezy Sunday. Demand was low.
US media failed to cite pundits’ ties to defense industry in Syria strike debateAFP Photo / Kevin C. Cox Nearly two dozen of the commentators who appeared on major media outlets to discuss a possible US military strike on Syria had relationships with contractors and other organizations with a vested interest in the conflict, according to a new report.
World Bank Whistleblower Reveals How The Global Elite Rule The WorldWorld Bank Whistleblower Reveals How The Global Elite Rule The World Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel.
Noam Chomsky | On Shutdown, Waning US Influence, Syrian ShowdownNoam Chomsky gives his perspective on the US government shutdown, the Syrian civil war, capitalist reform in South America and more in a Truthout interview. Noam Chomsky is one of the world’s greatest living intellectuals.
Saudi black op team behind Damascus chem weapons attack – diplomatic sourcesThe August chemical weapons attack in the Syrian capital’s suburbs was done by a Saudi Arabian black operations team, Russian diplomatic sources have told a Russian news agency. “Based on data from a number of sources a picture can be pieced together.
“A Corporate Trojan Horse”: Obama Pushes Secretive TPP Trade Pact, Would Rewrite Swath of U.S. LawsAs the federal government shutdown continues, Secretary of State John Kerry heads to Asia for secret talks on a sweeping new trade deal, the Trans-Pacific Partnership. The TPP is often referred to by critics as “NAFTA on steroids,” and would establish a free trade zone that would stretch from Vietnam to Chile, encompassing 800 million people – about a third of world trade and nearly 40 percent of the global economy.
The Politics of the 14th Amendment and the Debt LimitBruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. He is the author of “The Benefit and the Burden: Tax Reform – Why We Need It and What It Will Take.”
Our Democracy Is at StakeThis time is different. What is at stake in this government shutdown forced by a radical Tea Party minority is nothing less than the principle upon which our democracy is based: majority rule. President Obama must not give in to this hostage taking – not just because Obamacare is at stake, but because the future of how we govern ourselves is at stake.
The 10 Stealth Economic Trends That Rule the World TodayWhat’s going on in the world today? It’s hard to keep up. Some facts are familiar to anyone who reads the news. Unemployment is high. Growth is slow. Shale gas is a big deal. But beyond the caps-lock headlines, subtler, but no less significant, shifts are changing the U.S.
CIA ‘running arms smuggling team in Benghazi when consulate was attacked’Up to 35 CIA operatives were working in the city during the attack last September on the consulate that resulted in the death of Ambassador Chris Stevens and three other Americans, according to .
Seymour Hersh on Obama, NSA and the ‘pathetic’ American mediaSeymour Hersh has got some extreme ideas on how to fix journalism – close down the news bureaus of NBC and ABC, sack 90% of editors in publishing and get back to the fundamental job of journalists which, he says, is to be an outsider.
The copyright cartel’s plot to indoctrinate California kindergartensIn kindergarten, we teach children to share. By second grade – if people who bring you songs and pixie dust have their way – we’ll amend that in a major way.
Video: Robert Reich on ‘Inequality for All’BILL MOYERS: This week on Moyers & Company… ROBERT REICH: How do you constrain capitalism from doing stupid things that are not in the public interest? You have a democracy that is sufficiently well-functioning. That laws and rules limit what can be done.
Sen. Ron Wyden: NSA ‘repeatedly deceived the American people’The Senate Intelligence Committee yesterday held a hearing, ostensibly to investigate various issues raised about the NSA’s activities. What the hearing primarily achieved instead was to underscore what a farce the notion of Congressional oversight over the NSA is.
Activist Post“A fool with a tool is still a fool. A fool with a powerful tool is a dangerous fool.”-Michael Fullan, international school reform authority, on the powerful “tool” that is Common Core. As I point out in my new book, A Government of Wolves: The Emerging American Police State , there are several methods for controlling a population.
Saudi Arabia Threatens to “End Career” of AP Reporter Over Chemical Weapons StoryJournalist who exposed how rebels were behind August 21st attack faces intimidation Paul Joseph Watson Infowars.com September 23, 2013 Associated Press reporter Dale Gavlak has been threatened over her involvement in a story which exposed how Syrian rebels were responsible for the August 21st chemical weapons attack after being handed the weapons by Saudi intelligence agents.