The darkest and most frightening echoes of the 2008 financial crisis that rocked the global economy were stirred over the past week as mega-bank JP Morgan Chase broke the news of a stunning $2 billion loss in a trading debacle similar to the kind that conspired to wreak the American economy only three-and-a-half years ago. [...]
WHAT’S THAT IN THE SKY? A BIRD? A PLANE? “NOPE, JUST OUR LOCAL POLICE DEPARTMENT’S 25-POUND DRONE…” (Business Week) Unprecedented police control of the nation’s skies appears imminent after the Federal Aviation Administration and the Obama administration gave hearty approval to the request of undetermined “public safety agencies” to place unmanned drones weighing up [...]
` THE ISRAELI-AMERICAN-IRANIAN-HOLOCAUST-NOBEL-PEACE-PRIZE-CIRCUS. (Killing Hope) ` This is the term used by William Blum in his latest “Anti-Empire Report” to describe the continuing effort by Peace Prize winner Barack Obama to perpetuate false versions of Iranian intentions to wipe Israel “off the map” through the use of “nuclear weapons” in process of being developed. This [...]
“ALL THEY CARE ABOUT, IN THE END, IS THE WAR ITSELF—OR RATHER, WAR ITSELF.” (Chris Floyd) The April 1 annnouncement by Secretary of State Hillary Clinton that the U.S. government will be help arm the “Free Syrian Army” opposition comes as no surprise to Chris Floyd, although the real “fools” being played by these and [...]
TRUST BUT DON’T VERIFY. (Salon) Glenn Greenwald stands on its head Ronald Reagon’s famous admonition to demand evidence of Soviet nuclear disarmament, not to “take their word for it.” Kevin Drum of Mother Jones says—and countless trusting followers of Barack Obama apparently agree—that only a “sociopath” would insist, as did Obama, on the continued imprisonment in [...]
Two years ago, the cataclysmic fire and spill at BP’s Deepwater Horizon drilling rig in the Gulf of Mexico captured the nation’s attention, sullied the oil giant’s corporate reputation and brought the dangerous form of oil exploration the Gulf is known for to a halt. Today, the process to return BP and drilling operations in [...]
Birth control as a hot button issue does not appear top be fading from the forefront of national debate in the near future, stoked by presidential politics and lawmakers eager to make their name in the defense of what some call “religous freedom,” and others deride as unconstitutional overreach. The so-called “culture wars” are storming back to [...]
IF SARASOTA COUNTY, FLORIDA IS GOING TO PROVIDE ALL THE PUBLIC SERVICES, WHY DOES THE CITY OF SARASOTA EVEN NEED TO EXIST? (Sarasota Herald-Tribune) This is the “existential” question which some city officials in Sarasota are driven to ask. It comes as the city, with recession-driven deficits like never before, is considering budget-cutting measures like consolidating city and [...]
IS THERE A CRISIS IN GLOBAL CAPITALISM? DEPENDS ON WHERE YOU LOOK AND AT WHOM YOU ARE LOOKING. (Global Research) Sociologist James Petras does a deconstruction job on the thesis that “the world” is in economic crisis. Actually, the current recession is confined mostly to the European and North American continents, as economies in Asia [...]
OBAMA’S NEW TAX PLAN WOULD SLASH CORPORATE RATES BY UP TO 10 PERCENT. (New York Times) Seeking to beat potential Republican vials to the fore of the “tax debate,” President Obama on Wednesday announced sweeping proposals for overhauling the nation’s corporate tax code. Currently sitting at a listed rate of 35 percent, the White House [...]
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