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President Obama, he says, "seems to be playing a sly double game-protecting banks from sharing the pain while proclaiming sympathy for embattled homeowners." Greider adds, "The government, in effect, has been sheltering banks from facing the hard truth about their condition." Banks may be valuing mortgages or mortgage bonds at 85 cents on the dollar when their true market value is closer to 30 cents. "That strengthens the case for a general and orderly write-down now: if many of these loans aren't ever going to be rapid, then the assets now claimed by the banks are imaginary."

Amid uncertain future, fear and terrorism, People of Kashmir suffered the most.

The March, 2011, Harper's Index expressed the point this way: "Number of American civilians who died worldwide in terrorist attacks last year: 8 - Minimum number who died after being struck by lightning: 29."  That's the threat in the name of which a vast domestic Security State is constructed, wars and other attacks are and continue to be launched, and trillions of dollars are transferred to the private security and defense contracting industry at exactly the time that Americans - even as they face massive wealth inequality - are told that they must sacrifice basic economic security because of budgetary constraints. 

* If you torture people or eavesdrop on Americans without the warrants required by the criminal law, you receive Look-Forward Imperial Immunity. * If you shoot and kill unarmed rescuers of the wounded while occupying their country and severely wound their unarmed children sitting in a van -- or if you authorize that conduct -- your actions are commended. * If you help wreck the world economy with fraud and cause hundreds of millions of people untold suffering, you collect tens of millions of dollars in bonuses. * If you disclose to the world evidence of war crimes, government lawbreaking, or serious corruption, or otherwise embarrass the U.S., you will be swiftly prosecuted to the fullest extent of the law and face decades in prison.

Recently, a controversy raged in the blogosphere about whether neo-liberalism has been a bane or a boon for the world economy. The argument is rather coarse, in that it fails to distinguish between the various elements of neo-liberalism, or moderate deregulation vs. extreme deregulation. But if we take the argument at face value, one of the major claims of neoliberals is that countries in the world which are more neoliberal are more successful (because they are more neoliberal). I disagree. My disagreement is not with the raw correlation between the Heritage Index and Per Capita GDP. A number is a number. My disagreement is with the composition of the index itself, and interpreting this correlation as causation between neo-liberalism and 'good things.' My primary contention below is that many of these measures used in the composite Heritage Index have nothing to do with less government, and a lot more to do with good government. It is these measures of good government that correlate to economic growth and drive the overall correlation between the "Freedom Index" and positive outcomes. Secondarily, I will argue that many of the other items in the index (like investment freedom) are not causes of growth, but rather outcomes of growth.

By Glenn GreenwaldHere again, we see one of the principal and longest-lasting effects of the Obama presidency: to put a pretty, eloquent, progressive face on what (until quite recently) was ostensibly considered by a large segment of the citizenry to be

It's a ready-made campaign commercial as Democrats plan to hail their own votes as heroic when states are facing massive budget crises. And -- you guessed it -- Republicans will say it's another big-spending government plan.

Ground Zero Mosque Is Okay According To The President, But Then Again A Nuclear Armed Iran Seems To Be Fine As Well.

"In 2009, the scientific literature caught up with what top climate scientists have been saying privately for a few years now: * Many of the predicted impacts of human-caused climate change are occurring much faster than anybody expected - particularly ice melt, everywhere you look on the planet. * If we stay anywhere near our current emissions path, we are facing incalculable catastrophes by century's end, including rapid sea level rise, massive wildfires, widespread Dust-Bowlification, large oceanic dead zones, and 9°F warming - much of which could be all but irreversible for centuries. And that's not the worst-case scenario! * The consequences for human health and well being would be extreme. That's no surprise to anybody who has talked to leading climate scientists in recent years, read my book Hell and High Water (or a number of other books), or followed this blog. Still, it is a scientific reality that I don't think more than 2 people in 100 fully grasp, so I'm going to review here the past year in climate science. I'll focus primarily on the peer-reviewed literature, but also look at some major summary reports."

The Wisconsin Democrat faces a very tough re-election fight:  why the outcome genuinely matters

This is a re-imagined Donald Duck cartoon remix constructed using 50 classic Walt Disney cartoons from the 1930s to 1960s. Donald's life is turned upside-down by the current economic crisis and he finds himself unemployed and falling behind on his house payments. As his frustration turns into despair Donald discovers a seemingly sympathetic voice coming from his radio named Glenn Beck.   Will Donald's feelings of disenfranchisement lead him to be persuaded by his radio's increasingly paranoid and divisive rhetoric? Or will our favorite Disney duck decide that this voice is not actually on his side after all? Watch and find out!   * Listen to Glenn Beck's response on his radio show to this remix video: YouTube via stopbeck.org - http://www.youtube.com/watch?v=FHHByFFSh54  * Better yet check out ikat381's remix of Beck's response using Mickey Mouse: http://www.youtube.com/watch?v=dbjjTLVrkKA  This transformative remix work constitutes a fair-use of any copyrighted material as provided for in section 107 of the US copyright law. "Right Wing Radio Duck" by Jonathan McIntosh is licensed under a Creative Commons BY-NC-SA 3.0 License - permitting non-commercial sharing with attribution.  * Please link back to my website: http://www.rebelliouspixels.com * English captions are now working in case you're not fluent in duck-speak  * Learn about fair-use at the Center for Social Media: http://centerforsocialmedia.org * Learn about transformative works at the OTW: http://transformativeworks.org * Useful Media Matters archive of Glenn Beck clips: http://mediamatters.org/mmtv/  * * * * * * * * * * * * * * * * * * * * Jonathan McIntosh http://www.rebelliouspixels.com * * * * * * * * * * * * * * * * * * * *  List of Cartoons used:  * Window Cleaner - 1940 * Lucky Number - 1951 * Symphony Hour - 1942 (Mickey Mouse Cartoon)  * Put-Put Troubles - 1940 * Donald's Dilemma -19

The silence of the U.S. government and media in the face of this report is illustrative and telling

WASHINGTON - President Obama's compromise with Republicans on extending tax cuts for the wealthy, which his self-described progressive critics see as a profound betrayal, is bound to intensify a debate that has been bubbling up on liberal blogs and e-mail lists in recent weeks - whether or not the president who embodied "hope and change" in 2008 should face a primary challenge in 2012.

Dick Cheney's charges that the country is less safe because of the way Barack Obama has handled national security matters don't hold water, former Secretary of State Colin Powell said Sunday. "To suggest that somehow we have become much less safer because of the actions of the administration, I don't think that's borne out by the facts," Powell said on CBS's "Face the Nation."

President Obama has identified cybersecurity as one of the most serious economic and national security challenges we face as a nation, but one that we as a government or as a country are not adequately prepared to counter. Shortly after taking office, the President therefore ordered a thorough review of federal efforts to defend the U.S. information and communications infrastructure and the development of a comprehensive approach to securing America's digital infrastructure. In May 2009, the President accepted the recommendations of the resulting Cyberspace Policy Review, including the selection of an Executive Branch Cybersecurity Coordinator who will have regular access to the President. The Executive Branch was also directed to work closely with all key players in U.S. cybersecurity, including state and local governments and the private sector, to ensure an organized and unified response to future cyber incidents; strengthen public/private partnerships to find technology solutions that ensure U.S. security and prosperity; invest in the cutting-edge research and development necessary for the innovation and discovery to meet the digital challenges of our time; and begin a campaign to promote cybersecurity awareness and digital literacy from our boardrooms to our classrooms and begin to build the digital workforce of the 21st century. Finally, the President directed that these activities be conducted in a way that is consistent with ensuring the privacy rights and civil liberties guaranteed in the Constitution and cherished by all Americans.

It could be argued that the costs to the United States of providing such services for the rest of the world are modest, but that is ultimately a judgment call. To be sure, the dollar costs will not bankrupt us as a nation, but Americans spend $2,700 per person on our military, while the average European spends less than $700. The bottom line is that Europeans have little incentive to spend more because they don't feel particularly threatened, and they aren't anxious to take on responsibilities that are ably handled by the United States. The advocates of hegemonic stability theory would declare that a feature, not a bug. Mission accomplished. And that might be true, if the greatest threat to global security were a resurgence of conflict in Europe, and if it is truly in the U.S. interest to forever have allies with few capabilities and many liabilities. But that seems extremely shortsighted. The sweeping political and economic integration in Europe has dramatically reduced the likelihood of another European war. In the meantime, the fact that we have many allies with little to offer by way of military assets, and even less political will to actually use them, is forcing the U.S. military to bear the disproportionate share of the burdens of policing the planet. And in the medium- to long-term, while I doubt that we will be facing "a militarily superior, post-Soviet Russia," allies with usable military power might ultimately serve a purpose if Moscow proves as aggressive (and capable) as the hawks claim.

Two straphangers broke leisure activity an ongoing fist scuffle that comfortless an innocent queen bleeding profusely from the face,