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thinkahol *

Zach Wahls Speaks About Family - YouTube - 0 views

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    Two Lesbians Raised A Baby And This Is What They Got
thinkahol *

We Stand With the Majority of Americans: Human Needs, Not Corporate Greed | October 2011 - 0 views

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    A large majority of the American people consistently support the following agenda: Tax the rich and corporations End the wars, bring the troops home, cut military spending Protect the social safety net, strengthen Social Security and improved Medicare for all End corporate welfare for oil companies and other big business interests Transition to a clean energy economy, reverse environmental degradation Protect worker rights including collective bargaining, create jobs and raise wages Get money out of politics
Joe La Fleur

MOST PEOPLE DON'T KNOW OF OBAMAS REAL RELIGION - 0 views

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    IN HIS OWN WORDS "BORN IN KENYA RAISED IN INDONESIA" INDONESIA IS A MUSLIM COUNTRY! OBAMAS RECORDS REVEAL THAT HE ATTENDED MUSLIM SCHOOLS. IN HIS COLLEGE YEARS HE TRAVELED WITH MUSLIM FRIENDS TO PAKISTAN. REVERAND WRIGHT IS AN UNDERSTUDY OF LOUIS FARAKAN OF THE NATION OF ISLAM.
barrybcollinss

From Israel to Iran: a look at critics raising their voice over push toward nuclear deal - 0 views

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    DUBAI, United Arab Emirates –  Iran needs U.S.-led sanctions rolled back again, and Western nations and some others request to limit Iran's capacity to enrich uranium to ranges that could guide it closer to producing nuclear weapons. But negotiators experience resistance from Western allies these kinds of as Israel and Gulf states towards any pact that retains Iran's nuclear program normally intact and dissent inside Iran from hard-liners opposing any nuclear concessions or diplomatic outreach to Washington.
thinkahol *

The Seductions Of Clicking: How The Internet Can Make It Harder To Act - 0 views

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    Without online technologies, Barack Obama would never have gotten past the primaries. Had Facebook, YouTube, texting, a 13-million name email list and a website developed by Facebook co-founder Chris Hughes been absent from his campaign, he would never have raised enough money, been seen and heard by enough people, or enlisted enough volunteers. Yet progressive hopes are faltering, not only because of Obama's compromises and mistakes and Republican intransigence, but also because far too many of his supporters have come to believe they can act exclusively through these online technologies, to the exclusion of face-to-face politics.
Skeptical Debunker

Marshall Auerback: Memo to Greece: Make War Not Love with Goldman Sachs - 0 views

  • We know that the Obama administration will not go after the banksters that created this global financial calamity. It has been thoroughly co-opted by Wall Street's fifth column, who hold most of the important posts in the administration. Europe has even more at stake and has shown somewhat more willingness to take action. Perhaps our only hope for retribution lies there.
  • Some might believe the term "banksters" is too mean. Surely Wall Street was just doing its job -- providing the financial services wanted by the world. Yes, it all turned out a tad unfortunate but no one could have foreseen that so many of the financial innovations would turn into black swans. And hasn't Wall Street learned its lesson and changed its practices? Fat chance. We know from internal emails that everyone on Wall Street saw this coming -- indeed, they sold trash assets and placed bets that they would crater. The crisis was not a mistake -- it was the foregone conclusion. The FBI warned of an epidemic of fraud back in 2004 -- with 80% of the fraud on the part of lenders. As Bill Black has been warning since the days of the Saving and Loan crisis, the most devastating kind of fraud is the "control fraud," perpetrated by the financial institution's management. Wall Street is, and was, run by control frauds. Not only were they busy defrauding the borrowers, like Greece, but they were simultaneously defrauding the owners of the firms they ran. Now add to that list the taxpayers that bailed out the firms. And Goldman is front and center when it comes to bad apples. Lest anyone believe that Goldman's executives were somehow unaware of bad deals done by rogue traders, William Cohan reports that top management unloaded their Goldman stocks in March 2008 when Bear crashed, and again when Lehman collapsed in September 2008. Why? Quite simple: they knew the firm was full of toxic waste that it would not be able to continue to unload on suckers -- and the only protection it had came from AIG, which it knew to be a bad counterparty. Hence on March 19, Jack Levy (co-chair of M&As) sold over $5 million of Goldman's stock and bet against 60,000 more shares; Gerald Corrigan (former head of the NY Fed who was rewarded for that tenure with a position as managing director of Goldman) sold 15,000 shares in March; Jon Winkelried (Goldman's co-president) sold 20,000 shares. After the Lehman fiasco, Levy sold over $6 million of Goldman shares and Masanori Mochida (head of Goldman in Japan) sold $56 million worth. The bloodletting by top management only stopped when Goldman got Geithner's NYFed to produce a bail-out for AIG, which of course turned around and funneled government money to Goldman. With the government rescue, the control frauds decided it was safe to stop betting against their firm. So much for the "savvy businessmen" that President Obama believes to be in charge of Wall Street firms like Goldman.
  • From 2001 through November 2009 (note the date -- a full year after Lehman) Goldman created financial instruments to hide European government debt, for example through currency trades or by pushing debt into the future. But not only did Goldman and other financial firms help and encourage Greece to take on more debt, they also brokered credit default swaps on Greece's debt-making income on bets that Greece would default. No doubt they also took positions as the financial conditions deteriorated-betting on default and driving up CDS spreads. But it gets even worse: An article by the German newspaper, Handelsblatt, ("Die Fieberkurve der griechischen Schuldenkrise", Feb. 20, 2010) strongly indicates that AIG, everybody's favorite poster boy for financial deviancy, may have been the party which sold the credit default swaps on Greece (English translation here). Generally, speaking, these CDSs lead to credit downgrades by ratings agencies, which drive spreads higher. In other words, Wall Street, led here by Goldman and AIG, helped to create the debt, then helped to create the hysteria about possible defaults. As CDS prices rise and Greece's credit rating collapses, the interest rate it must pay on bonds rises-fueling a death spiral because it cannot cut spending or raise taxes sufficiently to reduce its deficit. Having been bailed out by the Obama Administration, Wall Street firms are already eyeing other victims (and for allowing these kinds of activities to continue, the US Treasury remains indirectly complicit, another good reason why one shouldn't expect any action coming out of Washington). Since the economic collapse is causing all Euronations to run larger budget deficits and at the same time is raising CDS prices and interest rates, it is easy to pick off nation after nation. This will not stop with Greece, so it is in the interest of Euroland to stop the vampires now. With Washington unlikely to do anything to constrain Goldman, it looks like the European Union, which is launching a major audit, just might banish the bank from dealing in government debt. The problem is that CDS markets are essentially unregulated so such a ban will not prevent Wall Street from bringing down more countries-because they do not have to hold debt in order to bet against it using CDSs. These kinds of derivatives have already brought down an entire continent -- Asia -- in the late 1990s , and yet authorities are still standing by and basically doing nothing when CDSs are being used again to speculatively attack Euroland. The absence of sanctions last year, when we had a chance to deal with this problem once and for all, has simply induced even more outrageous and fundamentally anti-social behavior. It has pitted neighbor against neighbor -- with, for example, Germany and Greece lobbing insults at one another (Greece has requested reparations for WWII damages; Germany has complained about subsidizing what it perceives to be excessive social spending in Greece). Of course, as far as Greece goes, the claim now is that these types of off balance sheet transactions in which Goldman and others engaged were not strictly "illegal" under EU law. But these are precisely the kinds of "shadow banking transactions" that almost brought down the global financial system 18 months ago. Literally a year after the Lehman bankruptcy -- MONTHS after Goldman itself was saved from total ruin, it was again engaging in these kinds of deals. And it wasn't exactly a low-level functionary or "rogue trader" who was carrying out these transactions on behalf of Goldman. Gary Cohn is Lloyd "We're doing God's work" Blankfein's number 2 man. So it's hard to believe that St. Lloyd did not sanction the activities as well in advance of collecting his "modest" $9m bonus for last year's work.
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    Ok, if a literal armed attack on Goldman is too far-fetched, then go after the firm using the full force of the regulatory and legal systems. Close the offices and go through the files with a fine-tooth comb. Issue subpoenas to all non-clerical staff for court appearances. Make the internal emails public. Post the names of all managers and traders on Interpol. Arrest anyone who tries to board a plane, train, or boat; confiscate their passports; revoke their visas and work permits; and put a hold on their bank accounts until culpability can be assessed. Make life at least as miserable for them as it now is for Europe's tens of millions of unemployed workers.
thinkahol *

The Myth of 'American Exceptionalism' Implodes | CommonDreams.org - 0 views

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    One aspect of "American exceptionalism" was always economic. US workers, so the story went, enjoyed a rising level of real wages that afforded their families a rising standard of living. Ever harder work paid off in rising consumption. The rich got richer faster than the middle and poor, but almost no one got poorer. Nearly all citizens felt "middle class". A profitable US capitalism kept running ahead of labor supply. So, it kept raising wages to attract waves of immigration and to retain employees, across the 19th century until the 1970s.
thinkahol *

What Conservatives Really Want - 0 views

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    'Deficits can be addressed by raising revenue, plugging tax loopholes, putting people to work, and developing the economy long-term in all the ways the President has discussed. But deficits are not what really matters to conservatives. Conservatives really want to change the basis of American life, 
thinkahol *

The Astonishing Stupidity of Not Raising Taxes on the Rich When Budgets Are Tight | Eco... - 0 views

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    History shows that when spending is cut -- in the name of balancing the budget -- recessions immediately follow.
thinkahol *

YouTube - Martin Luther King - A Time to Break Silence - 0 views

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    Martin Luther King - A Time to Break SilenceStarting in 1965, King began to express doubts about the United States' role in the Vietnam War. In an April 4, 1967, appearance at the New York City Riverside Church - exactly one year before his death - King delivered Beyond Vietnam: A Time to Break Silence. In the speech he spoke strongly against the U.S.'s role in the war, insisting that the U.S. was in Vietnam "to occupy it as an American colony" and calling the U.S. government "the greatest purveyor of violence in the world today.""Now, it should be incandescently clear that no one who has any concern for the integrity and life of America today can ignore the present war. If America's soul becomes totally poisoned, part of the autopsy must read: Vietnam. It can never be saved so long as it destroys the deepest hopes of men the world over. So it is that those of us who are yet determined that America will be are led down the path of protest and dissent, working for the health of our land.""At this point I should make it clear that while I have tried in these last few minutes to give a voice to the voiceless in Vietnam and to understand the arguments of those who are called "enemy," I am as deeply concerned about our own troops there as anything else. For it occurs to me that what we are submitting them to in Vietnam is not simply the brutalizing process that goes on in any war where armies face each other and seek to destroy. We are adding cynicism to the process of death, for they must know after a short period there that none of the things we claim to be fighting for are really involved. Before long they must know that their government has sent them into a struggle among Vietnamese, and the more sophisticated surely realize that we are on the side of the wealthy, and the secure, while we create a hell for the poor." Martin Luther King, Jr. (January 15, 1929 -- April 4, 1968), was one of the main leaders of the American civil rights movement. A Baptist minister b
thinkahol *

The Threats of Business and the Business of Threats | Truthout - 0 views

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    More and more, we hear that nothing can be done to tax major corporations because of the threat of how they would respond. Likewise, we cannot stop their price gouging or even the government subsidies and tax loopholes they enjoy. For example, as the oil majors reap stunning profits from high oil and gas prices, we are told it is impossible to tax their windfall profits or stop the billions they get in government subsidies and tax loopholes. There appears to be no way for the government to secure lower energy prices or seriously impose and enforce environmental protection laws. Likewise, despite high and fast rising drug and medicine prices, we are told that it is impossible to raise taxes on pharmaceutical companies or have the government secure lower pharmaceutical prices. And so on.
thinkahol *

50 Ways to Prepare for Revolution « Kasama - 0 views

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    The people of the United States are currently unprepared to seize a revolutionary moment. We must fix that. How can we raise our levels of revolutionary consciousness, organization and struggle?
thinkahol *

REPORT: Debt Ceiling Deal Will Cost 1.8 Million Jobs In 2012 | ThinkProgress - 0 views

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    The Economic Policy Institute, a top nonpartisan think tank, estimates that the deal struck this weekend to raise the nation's debt limit will end up costing the economy 1.8 million jobs by 2012.
thinkahol *

"We Need a Non-Violent Tahrir Square" - 0 views

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    President Obama signed legislation on Tuesday that raises the nation's debt ceiling and cuts trillions of dollars in spending. Keith speaks with former Vice President and Current TV Chairman Al Gore about what's next for the country. Al Gore says it's time for an "American Spring," a non-violent movement to take back the country from the right wing.
thinkahol *

The debt limit deal and the social counterrevolution in America - 0 views

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    The agreement reached by the Obama administration and Democratic and Republican congressional leaders to raise the federal debt limit marks a turning point in the class struggle in the United States.
thinkahol *

Public Views Congress as Top Culprit in Debt Debate, Poll Finds - NYTimes.com - 0 views

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    The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority over cutting spending, according to the latest New York Times/CBS News Poll.
thinkahol *

Chinese agency downgrades U.S. credit rating - CNN.com - 0 views

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    Beijing (CNN) -- Although the United States narrowly avoided an unprecedented default following congressional approval of a last-minute compromise plan to raise the debt ceiling, China's leading credit rating agency Wednesday downgraded U.S. sovereign debt after putting it on negative watch last month. The Dagong Global Credit Rating Company, which lowered the United States to A+ last November after the U.S. Federal Reserve decided to continue loosening its monetary policy, announced a further downgrade to A, indicating heightened doubts over Washington's long-term ability to repay its debts.
thinkahol *

Tomgram: Engelhardt, The Pentagon's Fake Jihadists | TomDispatch - 0 views

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    "Or consider what American computer specialists are doing on the Internet, perhaps terrorist leaders' greatest safe haven, where they recruit, raise money, and plot future attacks on a global scale. American specialists have become especially proficient at forging the onscreen cyber-trademarks used by Al Qaeda to certify its Web statements, and are posting confusing and contradictory orders, some so virulent that young Muslims dabbling in jihadist philosophy, but on the fence about it, might be driven away."
thinkahol *

The Yes Men Present: The Yes Lab for Creative Activism by The Yes Lab - Kickstarter - 0 views

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    ABOUT THIS PROJECT For years, the Yes Men have been tinkering with side-splitting mischief as a way to fight injustice. Our latest film about those efforts, The Yes Men Fix the World, won lots of awards and was released all over the planet... but it simply did not fix the world.  So a year ago, we decided that showing what we do wasn't enough: we needed to help people to actually do it themselves. We called our idea The Yes Lab for Creative Activism. It's a factory for meaningful mischief, and a system for helping organizations and individuals carry out Yes Men-style actions on their own, to get media attention for important issues. But the Yes Lab is more than that: it also aims to help YOU take action on issues of social importance. Today, after a year of testing and nearly a dozen successes, we're proud to announce that the Yes Lab is ready for prime time! It's got a set of cool tools in development, that will soon help YOU get involved in new Yes Lab projects, and even to launch them. And it's got a new home at NYU, with space, lots of eager participants, and an ambitious new structure that will soon be cranking out many new projects. The trouble is that in spite of all that, we still have zero budget for the first round of projects themselves! And that's why you're reading this now. We're asking for $10,000, to make the all-new Yes Lab the lean, mean, change-making machine it can be. Any amount raised over $10,000 will bankroll projects beyond the first round.
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