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The Ravine / Joseph Dunphy

Fade out on George W Bush by Pepe Escobar - 0 views

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    Don't necessarily agree with all of this, but one of many kissoffs to a president I won't miss, unless Obama manages to be even worse - and with January 20 being so close at hand when I first submitted this to my now invisible Ma.gnolia account, I felt the need to bookmark at least one. Found on Furl.
Bakari Chavanu

bonuses-put-goldman-in-public-relations-bind: Personal Finance News from Yahoo! Finance - 0 views

  • But these days that old dictum is being truncated to just “greedy” by some Goldman critics. While many ordinary Americans are still waiting for an economic recovery, Goldman and its employees are enjoying one of the richest periods in the bank’s 140-year history.
  • For Goldman employees, it is almost as if the financial crisis never happened. Only months after paying back billions of taxpayer dollars, Goldman Sachs is on pace to pay annual bonuses that will rival the record payouts that it made in 2007, at the height of the bubble. In the last nine months, the bank set aside about $16.7 billion for compensation — on track to pay each of its 31,700 employees close to $700,000 this year. Top producers are expecting multimillion-dollar paydays.
  • But its strong financial showing — a profit of $3.19 billion in the third quarter — was overshadowed by Goldman’s swelling bonus pool. Goldman set aside nearly half of its revenue to reward its employees, a common practice on Wall Street, even in this post-bailout era.
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  • Even in 2008, the most tumultuous year in modern Wall Street history, Goldman employees reaped rewards that most people can only dream about. Goldman paid out $4.82 billion in bonuses last year, awarding 953 employees at least $1 million each and 78 executives $5 million or more. The rewards for 2009 will be far greater.
  • “We are very focused on what is going on in the world,” Mr. Viniar replied to a barrage of questions about whether the bank should pay outsize bonuses in these hard economic times. “We are focused on the economic climate. We are focused on what is going on with other people.”
nalmeida75

Berlusconi - 0 views

I wrote a little piece on my blog about Italy's PM and his ability to evade legal responsibility and preserve in power. Check it out and leave comments: http://nalmeida75.wordpress.com/2009/10/13/...

Berlusconi Machiavelli Borgia Mafia Bossi Network Italy Politics Mills

started by nalmeida75 on 19 Oct 09 no follow-up yet
Bakari Chavanu

Capitalism's Self-inflicted Apocalypse - 0 views

  •  The present economic crisis, however, has convinced even some prominent free-marketeers that something is gravely amiss. Truth be told, capitalism has yet to come to terms with several historical forces that cause it endless trouble: democracy, prosperity, and capitalism itself, the very entities that capitalist rulers claim to be fostering.
  • Some eighty  years ago Supreme Court Justice Louis Brandeis commented, “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Moneyed interests have been opponents not proponents of democracy.
  • In the early days of the Republic the rich and well-born imposed property qualifications for voting and officeholding. They opposed the direct election of candidates (note, their Electoral College is still with us). And for decades they resisted extending the franchise to less favored groups such as propertyless working men, immigrants, racial minorities, and women.
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  • The conservative plutocracy also seeks to rollback democracy’s social gains, such as public education, affordable housing, health care, collective bargaining, a living wage, safe work conditions, a non-toxic sustainable environment; the right to privacy, the separation of church and state, freedom from compulsory pregnancy, and the right to marry any consenting adult of one’s own choosing.
  • About a century ago, US labor leader Eugene Victor Debs was thrown into jail during a strike. Sitting in his cell he could not escape the conclusion that in disputes between two private interests, capital and labor, the state was not a neutral arbiter. The force of the state--with its police, militia, courts, and laws—was unequivocally on the side of the company bosses.
  • Any nation that is not “investor friendly,” that attempts to use its land, labor, capital, natural resources, and markets in a self-developing manner, outside  the dominion of transnational corporate hegemony, runs the risk of being demonized and targeted as “a threat to U.S. national security.”
  • Most of the world is capitalist, and most of the world is neither prosperous nor particularly democratic. One need only think of capitalist Nigeria, capitalist Indonesia, capitalist Thailand, capitalist Haiti, capitalist Colombia, capitalist Pakistan, capitalist South Africa, capitalist Latvia, and various other members of the Free World--more accurately, the Free Market World.
  • Corporate investors prefer poor populations. The poorer you are, the harder you will work—for less. The poorer you are, the less equipped you are to defend yourself against the abuses of wealth.
  • In the corporate world of “free-trade,” the number of billionaires is increasing faster than ever while the number of people living in poverty is growing at a faster rate than the world’s population. Poverty spreads as wealth accumulates.
  • To the extent that life is bearable under the present U.S. economic order, it is because millions of people have waged bitter class struggles to advance their living standards and their rights as citizens, bringing  some measure of humanity to an otherwise heartless politico-economic order.
  • There is a third function of the capitalist state seldom mentioned. It consists of preventing the capitalist system from devouring itself.  Consider the core contradiction Karl Marx pointed to: the tendency toward overproduction and market crisis. An economy dedicated to speedups and wage cuts, to making workers produce more and more for less and less, is always in danger of a crash. To maximize profits, wages must be kept down. But someone has to buy the goods and services being produced. For that, wages must be kept up. There is a chronic tendency—as we are seeing today—toward overproduction of private sector goods and services and underconsumption of necessities by the working populace. 
  • Instead of trying to make money by the arduous task of producing and marketing goods and services, the marauders tap directly into the money streams of the economy itself. During the 1990s we witnessed the collapse of an entire economy in Argentina when unchecked free marketeers stripped enterprises, pocketed vast sums, and left the country’s productive capacity in shambles. The Argentine state, gorged on a heavy diet of free-market ideology, faltered in its function of saving capitalism from the capitalists.
  • These thieves were caught and convicted. Does that not show capitalism’s self-correcting capacity? Not really. The prosecution of such malfeasance— in any case coming too late—was a product of democracy’s accountability and transparency, not capitalism’s. Of itself the free market is an amoral system, with no strictures save caveat emptor.
  • Perhaps the premiere brigand was Bernard Madoff. Described as “a longstanding leader in the financial services industry,” Madoff ran a fraudulent fund that raked in $50 billion from wealthy investors, paying them back “with money that wasn’t there,” as he himself put it. The plutocracy devours its own children.
  • The classic laissez-faire theory is even more preposterous than Greenspan made it.  In fact, the theory claims that everyone should pursue their own selfish interests without restraint.
  • Capitalism breeds the venal perpetrators, and rewards the most unscrupulous among them.  The crimes and crises are not irrational departures from a rational system, but the converse: they are the rational outcomes of a basically irrational and amoral system.
  • Worse still, the ensuing multi-billion dollar government bailouts are themselves being turned into an opportunity for pillage. Not only does the state fail to regulate, it becomes itself a source of plunder, pulling vast sums from the federal money machine, leaving the taxpayers to bleed.
  • But the 2008-09 “rescue operation” offered a record feed at the public trough. More than $350 billion was dished out by a right-wing lame-duck Secretary of the Treasury to the biggest banks and financial houses without oversight--not to mention the more than $4 trillion that has come from the Federal Reserve.  Most of the banks, including JPMorgan Chase and Bank of New York Mellon, stated that they had no intention of letting anyone know where the money was going.
  • In sum, free-market corporate capitalism is by its nature a disaster waiting to happen.
  • If the paladins of Corporate America want to know what really threatens “our way of life,” it is their way of life, their boundless way of pilfering their own system, destroying the very foundation on which they stand, the very community on which they so lavishly feed.
Sarah Usher

PoliceRecruitmentUK Helped Me Pass the Police Application Sift - 1 views

Becoming a police officer is my dream job. Since grade school I can only picture out myself as a police officer and so upon the first opportunity I applied at Wales in hopes to become a police offi...

become a police officer

started by Sarah Usher on 06 Apr 11 no follow-up yet
thinkahol *

I Remember America | Truthout - 0 views

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    Ac­cord­ing to the Wall Street Journ­al: In a speech Wed­nesday, Mr. Obama will pro­pose cuts to en­tit­le­ment pro­grams, in­clud­ing Medicare and Medicaid, and chan­ges to Soci­al Secur­ity, a dis­cuss­ion he has lar­ge­ly left to De­moc­rats and Re­pub­licans in Con­gress. He also will call for tax in­creases for peo­ple mak­ing over $250,000 a year, a pro­pos­al con­tained in his 2012 bud­get, and chang­ing parts of the tax code he thinks be­nefit the wealthy. Until now, Mr. Obama has been lar­ge­ly ab­sent from the rag­ing de­bate over the long-term de­ficit. The White House has done lit­tle with the re­com­menda­tions of its own bi­par­tisan de­ficit com­miss­ion. And Mr. Obama's 2012 bud­get didn't offer many new ideas for tackl­ing en­tit­le­ment spend­ing, among the bi­ggest long-term drains on the feder­al bud­get. The White House move caught De­moc­rats in Con­gress off guard, ac­cord­ing to aides, and de­tails of the pre­sident's pro­pos­als were sketchy. Mr. Plouf­fe said the pre­sident will name a dol­lar amount for de­ficit re­duc­tion, al­though the White House would­n't pro­vide specifics. In­troduc­ing taxes into the dis­cuss­ion has the poten­ti­al to com­plicate the re­solu­tion of com­ing bud­get fights, specifical­ly the need to raise the debt ceil­ing, a move needed to pre­vent the U.S. de­fault­ing on its debt.
thinkahol *

Washington on the Rocks: An Empire of Autocrats, Aristocrats and Uniformed Thugs Begins... - 0 views

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    In one of history's lucky accidents, the juxtaposition of two extraordinary events has stripped the architecture of American global power bare for all to see. Last November, WikiLeaks splashed snippets from U.S. embassy cables, loaded with scurrilous comments about national leaders from Argentina to Zimbabwe, on the front pages of newspapers worldwide. Then just a few weeks later, the Middle East erupted in pro-democracy protests against the region's autocratic leaders, many of whom were close U.S. allies whose foibles had been so conveniently detailed in those same diplomatic cables.
thinkahol *

Bill Moyers: The Murdoch Scandal and a Lesson for Corporate Media (Video) | Truthout - 0 views

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    Bill Moyers, broadcast journalist, and author of "Bill Moyers Journal: The Conversation Continues" talks with Rachel Maddow about the investigation into questionable conduct by Rupert Murdoch's news organization, and dangers of media empires and corporate conglomerate controlled media.
thinkahol *

Brainwashing the Corporate Way | Truthout - 0 views

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    One of the most original and provocative books of the past decade is "Disciplined Minds" by Jeff Schmidt (Rowman & Littlefield). "A critical look at salaried professionals," says the cover, "and the soul-battering system that shapes their lives." Its theme is postmodern America, but also applies to Britain, where the corporate state has bred a new class of Americanized manager to run the private and public sectors: the banks, the main parties, corporations, important committees, the BBC.
thinkahol *

Subsidizing Profits, Weakening Social Security: The Employer Payroll Tax Cut | Truthout - 0 views

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    These days, it appears as though the main goal of government policy is to give as much money as possible to corporations and the wealthy. This is an area where there has been considerable success, with the profit share of GDP at near record highs and the richest 1 percent holding a larger portion of the nation's wealth than at any point since the late '20s. The proposals for an employer-side payroll tax cut should be seen in this light.
Keith Sweat

How Mandurah Real Estate Changed My Life - 1 views

Ever since I decided to take my residence in Mandurah Real Estate, I have enjoyed the benefits that living inside a safe and beautiful neighborhood brings. I now have a very stunning and comfortabl...

Mandurah Real Estate

started by Keith Sweat on 08 Jul 11 no follow-up yet
Sonny Cher

Getting High Legally! - 1 views

After getting out of rehab, I still cannot shake off my need to get high. However, I vowed not to resort to illegal drugs again. After consulting a friend about it, he introduced legal drugs and ma...

marijuana

started by Sonny Cher on 23 Jun 11 no follow-up yet
thinkahol *

Lesser-Evil Math Doesn't Compute: Freedom Plaza Has the Same Name as Tahrir Square | Tr... - 0 views

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    In an electoral system corrupted by money, media, and parties, the US people are offered a choice every four years between two hideously awful candidates for an office that increasingly resembles an imperial throne. And increasingly the primary motivation of voters is to oppose the candidate they believe is the greater evil.
thinkahol *

On the News With Thom Hartmann: TSA Agents Working With Radiation Machines Develop Canc... - 0 views

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    In today's On the News segment, Thom Hartmann discusses a letter sent by 248 economists demanding a "clean vote" on raising the debt ceiling, new evidence that the body scanners at airports are giving people cancer, new US drone strikes in Somalia, Ohio's ongoing war on organized labor, and more. Scroll down to watch the newscast.
Syntacticsinc SEO

Effective Search Engine Optimization - 1 views

I own an online bakery business that specializes in delicious customised cakes. I have this very well made website for my business and anyone visiting the online bakery will truly, well, salivate. ...

search engine optimization

started by Syntacticsinc SEO on 19 Oct 11 no follow-up yet
thinkahol *

Can the Fed Prevent the Next Crisis by Eliminating Interest on Student Loan Debt? | Tru... - 0 views

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    Among the demands of the Wall Street protesters is student debt forgiveness - a debt "jubilee." Occupy Philly has a "Student Loan Jubilee Working Group," and other groups are studying the issue. Commentators say debt forgiveness is impossible. Who would foot the bill? But there is one deep pocket that could pull it off - the Federal Reserve. In its first quantitative easing program (QE1), the Fed removed $1.3 trillion in toxic assets from the books of Wall Street banks. For QE4, it could remove $1 trillion in toxic debt from the backs of millions of students.
Ako Z°om

the 99% out of ideal US society ... - 6 views

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    those photos show people who have joined the big manifestation on wall street .. and far on other places around the world .. !! :)) The big problem of banks (and their trading-banksters...) is now world crash economy ! ... just some basis reasons ... but JOIN too ! :)
Bakari Chavanu

The root cause of war is oligarchic capitalism | Middle East Eye - 0 views

  • After World War Two, Britain and the USA pressured the United Nations into confiscating Arab land to form the state of Israel, making the Arabs pay for the crimes of the Germans. In addition to providing a nation for the Jews, Israel would be a forward base for Western economic and military power in the Middle East. To the Arabs it was another European invasion of their territory.
  • In the early 1950s, the USA and Britain overthrew the government of Iran because it tried to nationalise its oil industry, which was under Western control.
  • In the mid-1950s, Egypt decided to nationalise the Suez Canal and use the income from it to help their people out of poverty. They were willing to pay its British and French owners the full market value for their shares, but Western governments and Israel responded violently, invading and bombing Egypt into submission.
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  • The USA and Britain committed similar atrocities in Iraq, Syria, Lebanon, Libya, Indonesia and Afghanistan. We overthrew their governments, installed dictators, undermined their economies - all to strengthen our business interests. In every nation where we now have terrorism, we had first assaulted them.
  • Capitalism is always at war. The violence, though, is often abstract: forcing us either to accept low-paying, exhausting jobs or starve; denying us adequate healthcare, education and economic security; convincing us that human beings are basically isolated, autonomous units seeking self gratification. But when this doesn't suffice to keep their profits growing, the violence becomes physical, the cannons roar, and the elite rallies us to war to defend "our" country and destroy the fiendish enemy.
  • Since 9/11 the USA has killed over 300,000 - a hundred times more than died in the World Trade Center. The overwhelming majority have been civilians.
  • As Martin Luther King stated with simple eloquence: "The greatest purveyor of violence in the world today is my own government."
  • Since they don't have our military power, they resort to guerrilla warfare. As Mike Davis wrote, "The car bomb is the poor man's air force."
  • www.amazon.com/dp/1897455844
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