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 [...]
“WE HAD TO DESTROY THE VILLAGE IN ORDER TO SAVE IT.” (Common Dreams) This “idiotic” statement of a U.S. Army Major to explain the bombing of the Ben Tre hamlet during the Vietnam war seems to be the “thinking” as well behind the current “education reform” movement directed to destroying public education in order to [...]
FAMILIARITY BREEDS CONTEMPT: DOES ANYTHING MORE NEED TO BE SAID ABOUT THE MUTUAL HOSTILITY OF AMERICANS AND AFGHANS IN AFGHANISTAN? (Dissident Voice) In a season of near-daily assaults of Afghans on Americans or Americans on Afghans, Gary Leupp surveys some history and notes that this tends ever to be the case in “Empires” when domination [...]
RISING INSTABILITY IN AFGHANISTAN COULD SPUR EARLIER U.S. TROOP WITHDRAWS. (New York Times) ` In a plan strenuously opposed by the Pentagon, the New York Times reports that the Obama administration is considering what can only be described as a mild acceleration of their purported “timetable” to withdraw U.S. forces from Afghanistan. Conflict with the [...]
THE “ONE PERCENT” IS DOING BETTER THAN WE THOUGHT. MUCH BETTER… (Wall Street Journal) Between the rise of “Occupy Wall Street” and a nationwide surge in discussion over income inequality, most Americans are aware that the fabled “one percent” — the very top of the country’s economic food chain — are doing far better than the “99 [...]
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 [...]
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 [...]
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