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 [...]
At a pace much faster than anyone could have projected, the landscape of campaign finance in American politics has undergone a dramatic transformation to a point where deregulated outside groups hold a distinct advantage over individual campaign war chests. The monumental presidential contest of 2012 appears to be the dawn of the super-PAC age in [...]
PORTUGAL: WHAT HAPPENS WHEN AUSTERITY DOESN’T WORK… (New York Times) Greece is in flames, with hundreds of thousands of citizens taking to the streets and clashing with authorities over more mandated austerity measures that bankers and financiers claim are a vital step on the path to economic recovery for Europe. Greece is in bad shape, [...]
The federal government’s case against banks for duplicitous and potentially illegal mortgage practices may be reaching an unsatisfactory final settlement even as one of the largest perpetrators of foreclosure fraud takes outrageous steps to block further investigation into their actions at the height of the housing crisis. Tens of millions of homeowners remain “underwater,” owing [...]
STATE OF THE UNION? AWFULLY SHAKY. STATE OF GLOBAL CORPORATE PROFITS? NEVER BEEN BETTER. AND THERE LIES THE HEART OF AMERICA’S JOBS CRISIS… (Robert Reich) President Obama delivered his fourth State of the Union address to Congress last night, brimming with optimism and laying out another laundry list of proposals and wonderful plans that, as [...]
Swathed in comforting talking points and politically sharpened rhetoric, a seemingly innocuous report from President Obama’s “jobs panel” may be a troubling preview of the near future in Washington policymaking. It also underscores the likelihood that President plans on running his hotly contested reelection campaign and his presumptive second term as a committed centrist. One [...]
ARAB SPRING IS DEAD ON ARRIVAL IN THE PERSIAN GULF. CAUSE OF DEATH: FATAL ATTRACTION BETWEEN U.S. AND GCC. (Asia Times) Pepe Escobar describes the deadly arrangement between the U.S. and the wealthy Persian Gulf countries countries comprising the Gulf Cooperation Council, an alliance of six wealthy Persian Gulf monarchies (Saudi Arabia, Qatar, Oman, Kuwait, [...]
FIDEL CASTRO: LOOKING INTO THE ABYSS. (Global Research) The former head of the Cuban government, still ostracized as a “dictator” by world governments and media, pens for Global Research a message for the year 2012, the year of the 50th anniversary of the October 1962 revolution that swept his movement into power. The 85-year-old Castro [...]
House padlocked? Pet bird kidnapped? Threatening letters arriving in the mail for no apparent reason? Be careful, because America’s biggest bank is also its biggest perpetrator of fraudulent foreclosures, and it may be coming after you… Bank of America, already neck-deep in litigation and fallout from rampant fraud and mistakes relating to its booming post-recession foreclosure business, has another [...]
“WHO GIVES A CRAP ABOUT SOME IMBECILE?” (Counterpunch) This question is attributed to Bernard Marcus, co-founder of Home Depot, in an article in the San Francisco Chronicle. He is referring to the “99%” of the Occupy movement, and his utterance is used by Mike Lofgren to keynote a description of how the rich in America [...]
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