THE POOR IN AMERICA: THE BEATINGS WILL CONTINUE UNTIL MORALE IMPROVES.
In what Mike Whitney calls the “lousiest recovery of all time,” the U.S. economy has recovered from the recession of 2007 in only one respect: in booming profits in the stock market and elsewhere on Wall Street. Meanwhile unemployment remains high, real wages are declining and poverty rates are at record levels. The only people whose economy has been improved by Fed Chairman Ben Bernanke’s program of “quantitative easing” injection of liquidity in the form of manufactures of money have been the one-percenters of privilege and even they are beginning to hear the hiss of a deflating bubble in an economy is which profit is not based on any real production. Bernanke’s response to the failures of QE 1 and 2? Why QE 3 of course, more beating for the productive economy and more misery for the miserable.
(Counterpunch)
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ISRAEL’S INVASION OF GAZA: NOT “PILLAR OF DEFENSE” BUT SEIZURE OF AN OPPORTUNITY FOR JEWISH SETTLER EXPANSION IN PALESTINE.
Though the operation of that name is supposedly about Israeli “security” from rocket attacks from Hamas elements in Gaza, it seems more motivated by the Zionist messianism that seeks further expansion of settlement construction already being accelerated in the West Bank. The illegality under international law of settlement in an “occupied” territory is given judicial cover in the determination of an Israeli court that the West Bank is not “occupied,” and this legal casuistry will no doubt be applied after the Pillar of Defense opens the gates to settler movement into Gaza.
(Global Research)
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WE COULD GET BANGLADESH OUT OF ITS POVERTY CONDITION BY EXPORTING GENERIC DRUGS: IF ONLY WE COULD CRACK THE U.S. MARKET FOR SAME.
A developing export economy based on manufacturing of generics at world “quality” standards has produced substantial sales in a number of countries. Not so the U.S., where the political power of the pharmaceutical industry has so far operated to discourage the substitution of generics for “name” brands of medicines.
(IPS News)
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HERE COMES MISS HONEY BOO-BOO.
A popular TV reality show of this title, featuring children as young as toddlers being involved in “beauty pageants,” is emblematic of a broad change in American culture toward the “sexualization” of children, especially girls. Motivated by “adult” standards of beauty, parents and products focus on trying to make their children more “attractive” by, for example, going on diets if they are a bit chubby. Some parents and child psychology experts decry this movement toward making of childhood just one long beauty contest with peers.
(Deseret News)
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HOLLYWOOD BY THE BISCAYNE: CELEBRITY FILM MAKERS MAKE A MOVIE STUDIO OF MUCH OF MIAMI BEACH FLORIDA.
Alex Rodriguez, the New York Yankee’s star-in-decline, joins a galaxy of lumaries who have chosen MB as the “on location” site of at least five films. With A-Rod taking up noisy residence of a multi-millionaire party giver, natives are finding a loathsome intrusion into their enjoyment of a previously somewhat “quiet” community
(Miami New Times)
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Quote of the day…
The tendency towards conflict is in the essence of the Arab. He is an enemy by essence. His personality won’t allow him any compromise or agreement. It doesn’t matter what kind of resistance he will meet, what price he will pay. His existence is one of perpetual war.
Benzion Netanyahu, father of current PM of Israel which has launched invasion of Palestinian Gaza.
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Why we continue to hold onto this Federal Reserve Bank system is beyond me. Established in 1913 to stop recessions, depressions and deflation. The real accomplishments have met none of these goals. It has a 99 year track record of failure.
1. Glad Bernanke is a Republican/Bush Appointee
2. He did ok with QE1, He is down on his kness trying hard to please the Romney type elites with his QE infinity – absolute absurdity
3. If he can argue that buying unlimited mortgage securities can create jobs, why is it surprising he thinkgs savers hurt the economy?
4. That right – if you are a saver, go spend your money, and once you are done, go get a loan from a bank and call them papa
5. See you in a few months/years when the economy is no where, inflation is probably up, and you are still not earning anything to sustain yourself on your hard earned money
6. If QE1, QE2, QE infinity did not help the economy, its only because QE was not big enough, we need more printing presses.
7. Republicans need to be Bernanke to theirselves – he only knows how to help the super rich. Everyone else can suck it