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thinkahol *

Speech on media propaganda - Glenn Greenwald - Salon.com - 0 views

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    The 30-minute speech I gave last month at the Symphony Space in New York is now available on video, and is posted below in three YouTube segments (the first segment also contains the 4-minute introduction of my speech). The speech pertains to the evolution of my views on media criticism, the nature of media propaganda and what drives it, and what can be done to combat it. A DVD of the entire event -- featuring the three other speeches: from Amy Goodman, Noam Chomsky and Michael Moore -- is available at FAIR's website. I want to note one example, from today, that vividly illustrates many of the themes I discussed in that speech.  It is found in the following passage from this Reuters article on Obama's escalation of the covert war in Yemen and his targeting of U.S. citizen Anwar Awlaki for assassination: A U.S. official confirmed to Reuters that a U.S. strike last Friday killed Abu Ali al-Harithi, a midlevel al Qaeda operative, which followed last month's attempted strike against Anwar al-Awlaki, the leader of al Qaeda in the Arabian Peninsula. Whether Awlaki has any operational role in Al Qaeda at all is a matter of intense controversy.  The U.S. Government has repeatedly asserted that he does, but has presented no verifiable evidence to support that accusation.  But what is not in dispute is the notion that Awlaki is "the leader of al Qaeda in the Arabian Peninsula."  He unquestionably is not, and never has been, as multiple Yemen experts have repeatedly noted.  The Reuters claim is factually and entirely false. Whatever one's views are on Obama's assassination program, targeting U.S. citizens without due process obviously raises extraordinary and vitally important questions.  As The New York Times' Scott Shane put it when confirming Awlaki's inclusion on Obama's hit list: "The Obama administration has taken the extraordinary step of authorizing the targeted killing of an American citizen. . . . It is extremely rare, if not unprecedented, for an America
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 *

Edward D. Kleinbard: Rich Man Whining - 0 views

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    Let's put to bed for all time this trope that half of Americans have no "skin in the game." The income tax is simply one of a suite of federal taxes imposed on rich and poor in different proportions and collected through different mechanisms.
thinkahol *

Has our bloated security budget made us safer? - National security - Salon.com - 0 views

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    The killing of Osama Bin Laden did not put cuts in national security spending on the table, but the debt-ceiling debate finally did. And mild as those projected cuts might have been, last week newly minted Secretary of Defense Leon Panetta was already digging in his heels and decrying the modest potential cost-cutting plans as a "doomsday mechanism" for the military. Pentagon allies on Capitol Hill were similarly raising the alarm as they moved forward with this year's even larger military budget. None of this should surprise you. As with all addictions, once you're hooked on massive military spending, it's hard to think realistically or ask the obvious questions. So, at a moment when discussion about cutting military spending is actually on the rise for the first time in years, let me offer some little known basics about the spending spree this country has been on since September 11, 2001, and raise just a few simple questions about what all that money has actually bought Americans. Consider this my contribution to a future 12-step program for national security sobriety. Let's start with the three basic post-9/11 numbers that Washington's addicts need to know:
thinkahol *

Why "business needs certainty" is destructive - Glenn Greenwald - Salon.com - 0 views

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    Businesses have had at least 25 to 30 years near complete certainty -- certainty that they will pay lower and lower taxes, that they' will face less and less regulation, that they can outsource to their hearts' content (which when it does produce savings, comes at a loss of control, increased business system rigidity, and loss of critical know how). They have also been certain that unions will be weak to powerless, that states and municipalities will give them huge subsidies to relocate, that boards of directors will put top executives on the up escalator for more and more compensation because director pay benefits from this cozy collusion, that the financial markets will always look to short term earnings no matter how dodgy the accounting, that the accounting firms will provide plenty of cover, that the SEC will never investigate anything more serious than insider trading (Enron being the exception that proved the rule). So this haranguing about certainty simply reveals how warped big commerce has become in the US. Top management of supposedly capitalist enterprises want a high degree of certainty in their own profits and pay. Rather than earn their returns the old fashioned way, by serving customers well, by innovating, by expanding into new markets, their 'certainty' amounts to being paid handsomely for doing things that carry no risk. But since risk and uncertainty are inherent to the human condition, what they instead have engaged in is a massive scheme of risk transfer, of increasing rewards to themselves to the long term detriment of their enterprises and ultimately society as a whole.
thinkahol *

Photographing the Great Depression, Then and Now - 0 views

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    Faces from the Great Crash of 1929 and its aftermath are haunting the 21st century. Wall Street brokers fleeing the trading floor in panic, or putting their cars on sale because they are suddenly broke, appear in old black-and-white photographs beside analyses of the current state of the markets composed by sombre authorities. Not only the collapse of confidence that shattered investors 82 years ago but the long years of misery that followed now seem to call out to us, to warn us, to show us a truth that is urgent and immediate. Can this really be so? Can that nightmare history be repeating itself?
thinkahol *

To Occupy and Rise - 0 views

shared by thinkahol * on 30 Sep 11 - No Cached
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    The Occupy Wall Street movement is well into its second week of operation, and is now getting more attention from media as well as from people planning similar actions across the country. This is a promising populist mobilization with a clear message against domination by political and economic elites. Against visions of a bleak and stagnant future, the occupiers assert the optimism that a better world can be made in the streets. They have not resigned themselves to an order where the young are presented with a foreseeable future of some combination of debt, economic dependency, and being paid little to endure constant disrespect, an order that tells the old to accept broken promises and be glad to just keep putting in hours until they can't work anymore. The occupiers have not accepted that living in modern society means shutting up about how it functions. In general, the occupiers see themselves as having more to gain than to lose in creating a new political situation - something that few who run the current system will help deliver. They are not eager for violence, and have shown admirable restraint in the face of attack by police. There may be no single clear agenda, but there is a clear message: that people will have a say in their political and economic lives, regardless of what those in charge want. Occupy Wall Street is a kind of protest that Americans are not accustomed to seeing. There was no permit to protest, and it has been able to keep going on through unofficial understandings between protestors and police. It is not run by professional politicians, astroturfers, or front groups with barely-hidden agendas. Though some organizations and political figures have promoted it, Occupy Wall Street is not driven by any political party or protest organization. It is a kind of protest that shows people have power when they are determined to use it. Occupy Wall Street could be characterized as an example of a new type of mass politics, which has been seen in
Michael Hughes

Myanmar military junta tries "powerless" democratic leader - 0 views

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    Myanmar's Ghandi, pro-democracy leader Daw Aung San Suu Kyi, was put on trial Monday by the reigning dictatorial military junta for violating house arrest.
The Ravine / Joseph Dunphy

John Bolton at CPAC: The Benefits of Nuking Chicago | Mother Jones - 0 views

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    Interesting how the warhead seems to be going off on the campus of Columbia College. I guess the bad guys are going to bring us to out knees by cutting off the supply of fashion illustrators and fiction writers? Those fiends! We would have never seen it coming. If you're read my stuff, you know exactly what I think of the Bush administration and how happy I was to see it leave Washington. I like a good neocon bash maybe even more than the next man. But, while this take on Bolton's remarks has been a popular one, I don't feel it's a reasonable one. As the article itself quotes Mr.Bolton "The fact is on foreign policy I don't think President Obama thinks it's a priority," said Bolton. "He said during the campaign he thought Iran was a tiny threat. Tiny, tiny depending on how many nuclear weapons they are ultimately able to deliver on target. Its, uh, its tiny compared to the Soviet Union, but is the loss of one American city" - here Bolton changes his tone subtly to prepare for the joke - "pick one at random - Chicago - is that a tiny threat?" Yes, there's a joke in that remark, but it's not the one that Jonathan Stein of Mother Jones wants it to be. The point of the joke is that if even one city gets hit, that's somebody's home and to that somebody, the difference between a vast nuclear arsenal and a small one isn't going to matter much. By naming the president's hometown in the hypothetical, he invites the president to put himself in the shoes of that person left facing a detonation close at hand. We don't have to guess how Obama would feel about such a prospect; it's the same way anybody would feel about it. To suggest, as the author does, that the audience validated a hope for mass murder by laughing at the joke is a disingenuous attempt to produce a hysterical response for the political gain of an already victorious faction. It's a cheap shot, and the author should have known better. This makes the Bush Administration and neoconservatism look bett
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.”
thinkahol *

"Shut down" your pay first! | LeftAction - 0 views

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    For months, Speaker John Boehner and his fellow Republicans have been threatening a government shutdown.   They've been unwilling to compromise, instead choosing to follow the shrill, irrational calls of their base to take a slash and burn approach to government funding, regardless of the consequences.  They've ignored the havoc such a shutdown would wreak upon our still fragile economy, and the hardships it would cause for millions of Americans, including the poor and the elderly.  The most unbelievable thing of all?  In their version of a shutdown... Congress would still get paid.  We're not kidding.  It's taking hypocrisy to an 11. That's why we're making a simple request to Speaker Boehner: "Speaker Boehner, if you and the Republicans in Congress really are foolish enough to threaten a government shut-down, then put your money where your mouth is, pass Senate bill 388, and make your members give up their own government salary too!"
thinkahol *

Robert Scheer: Obama's Fatal Addiction - Robert Scheer's Columns - Truthdig - 0 views

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    If it had been revealed that Jeffrey Immelt once hired an undocumented nanny, or defaulted on his mortgage, he would be forced to resign as head of President Barack Obama's "Council on Jobs and Competitiveness." But the fact that General Electric, where Immelt is CEO, didn't pay taxes on its $14.5 billion profit last year-and indeed is asking for a $3.2 billion tax rebate-has not produced a word of criticism from the president, who in January praised Immelt as a business leader who "understands what it takes for America to compete in the global economy." What it takes, evidently, is shifting profit and jobs abroad: As of last year only 134,000 of GE's total workforce of 304,000 was based in the U.S. and, according to The New York Times, for the past three years 82 percent of the company's profit was sheltered abroad. Thanks to changes in the tax law engineered when another avowedly pro-business Democrat, Bill Clinton, was president, U.S. multinational financial companies can avoid taxes on their international scams. And financial scams are what GE excelled in for decades, when GE Capital, its financial unit, which specialized in credit card, consumer loan and housing mortgage debt, accounted for most of GE's profits. That's right, GE, along with General Motors with its toxic GMAC financial unit, came to look more like an investment bank than a traditional industrial manufacturing giant that once propelled this economy and ultimately it ran into the same sort of difficulties as the Wall Street hustlers. As The New York Times' David Kocieniewski, who broke the GE profit story, put it: "Because its lending division, GE Capital, has provided more than half of the company's profit in some recent years, many Wall Street analysts view G.E. not as a manufacturer but as an unregulated lender that also makes dishwashers and M.R.I. machines." Maximizing corporate profits at the taxpayer's expense is what top CEOs are good at, and after all it
thinkahol *

A Primer on Class Struggle | Common Dreams - 0 views

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    When we study Marx in my graduate social theory course, it never fails that at least one student will say (approximately), "Class struggle didn't escalate in the way Marx expected. In modern capitalist societies class struggle has disappeared. So isn't it clear that Marx was wrong and his ideas are of little value today?" I respond by challenging the premise that class struggle has disappeared. On the contrary, I say that class struggle is going on all the time in every major institution of society. One just has to learn how to recognize it. One needn't embrace the labor theory of value to understand that employers try to increase profits by keeping wages down and getting as much work as possible out of their employees. As the saying goes, every successful capitalist knows what a Marxist knows; they just apply the knowledge differently. Workers' desire for better pay and benefits, safe working conditions, and control over their own time puts them at odds with employers. Class struggle in this sense hasn't gone away. In fact, it's inherent in the relationship between capitalist employer and employee. What varies is how aggressively and overtly each side fights for its interests.
thinkahol *

Khalid Sheikh Mohammed military trial: Obama's cowardly, stupid, and wrong decision to try the 9/11 mastermind at Gitmo. - By Dahlia Lithwick - Slate Magazine - 0 views

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    Today, by ordering a military trial at Guantanamo for 9/11 plotter Khalid Sheikh Mohammed and his co-defendants, Attorney General Eric Holder finally put the Obama administration's stamp on the proposition that some criminals are "too dangerous to have fair trials."
thinkahol *

The Exile Nation Project | Watch Free Documentary Online - 0 views

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    The Land of the Free punishes or imprisons more of its citizens than any other nation. This collection of testimonials from criminal offenders, family members, and experts on America's criminal justice system puts a human face on the millions of Americans subjugated by the US Government's 40 year, one trillion dollar social catastrophe: The War on Drugs; a failed policy underscored by fear, politics, racial prejudice and intolerance in a public atmosphere of out of sight, out of mind. The United States has only 5% of the world's population, yet a full 25% of the world's prisoners. At 2.5 million, the US has more prisoners than even China does with five times the population of the United States. 8 million Americans (1 in every 31) languish under some form of state monitoring known as correctional supervision. On top of that, the security and livelihood of over 13 million more has been forever altered by a felony conviction. The American use of punishment is so pervasive, and so disproportionate, that even the conservative magazine The Economist declared in 2010, never in the civilized world have so many been locked up for so little. The project will unfold over a two year period, beginning with the release of this feature-length documentary and then continuing on with the release of short films and complete interviews from each of the 100 participants in the project, meant to represent the 1 in 100 Americans that are currently sitting behind bars.
thinkahol *

The Republican Plan With Lipstick - 0 views

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    Republicans figure that if they can't sell the pig, they'll just put lipstick on it and find some suckers who will think it's something else. That's the proposal emerging in the Senate from Republican Bob Corker of Tennessee and also Democrat Claire McCaskill of Missouri. It would get the deficit down not by raising taxes on the rich but by capping federal spending. If Congress failed to stay under the cap, the budget would be automatically cut. According to an analysis by the Center on Budget and Policy Priorities, the McCaskill/Corker plan would require $800 billion of cuts in 2022 alone. That's the equivalent of eliminating Medicare entirely, or the entire Department of Defense.
thinkahol *

Prison inmates replace unionized workers in Racine, Wisconsin | The Raw Story - 0 views

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    Prison inmates have replaced union workers in Racine County, Wisconsin, thanks to the changes to the states collective bargaining laws that went into effect at the end of June. The Journal Times reported prison inmates will now be able to do tasks such as landscaping, painting, and shoveling sidewalks in the winter that were previously performed by unionized employees. Inmates are not required to do any work for the county, but can receive time off their sentence if they do. Racine County Executive Jim Ladwig said the use of prison labor would not result in any public works staff reductions. "We're gonna have them do landscaping at county buildings, have them pick up trash on the roads," he told local Fox News 6. "So we can use some of the county personnel to do difficult tasks, such as putting in a parking lot at the park." Republican Gov. Scott Walker signed a non-fiscal version of his budget plan into law in March that stripped nearly all collective bargaining rights from Wisconsin public workers, giving officials the power to make many changes affecting workers without formal negotiations. (H/T: Alex Seitz-Wald)
thinkahol *

Mark Ruffalo: Stop Fracking Gas-Holes - 0 views

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    Opponents of hydraulic "fracking" say it pollutes water and causes illness. Actor, activist (and newly-minted Countdown contributor) Mark Ruffalo joins Keith to discuss the lucrative practice that potentially threatens supplies of drinking water, and why so many have their heads in the sand. "This is an industry that is the dirtiest, slimiest, most arrogant, and negligent that you can imagine," Ruffalo says. Ruffalo also talks about rumors of blacklisting actors who speak out on political matters, and ponders why he was singled out by CNN to comment on it.  "You can do what's right or you can put your head in the sand," Ruffalo tells Keith, shortly before Keith bestows the ultimate Countdown honor -- welcoming Ruffalo into the ranks of official on-air contributors.
thinkahol *

Roger Ailes' Secret Nixon-Era Blueprint for Fox News - 0 views

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    Republican media strategist Roger Ailes launched Fox News Channel in 1996, ostensibly as a "fair and balanced" counterpoint to what he regarded as the liberal establishment media. But according to a remarkable document buried deep within the Richard Nixon Presidential Library, the intellectual forerunner for Fox News was a nakedly partisan 1970 plot by Ailes and other Nixon aides to circumvent the "prejudices of network news" and deliver "pro-administration" stories to heartland television viewers. The memo-called, simply enough, "A Plan For Putting the GOP on TV News"- is included in a 318-page cache of documents detailing Ailes' work for both the Nixon and George H.W.
thinkahol *

World | David Graeber: The Shock of Victory - 0 views

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    The biggest problem facing direct action movements is that we don't know how to handle victory. This might seem an odd thing to say because of a lot of us haven't been feeling particularly victorious of late. Most anarchists today feel the global justice movement was kind of a blip: inspiring, certainly, while it lasted, but not a movement that succeeded either in putting down lasting organizational roots or transforming the contours of power in the world. The anti-war movement was even more frustrating, since anarchists and anarchist tactics were largely marginalized. The war will end, of course, but that's just because wars always do. No one is feeling they contributed much to it.
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