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thinkahol *

Prop 19: Cops, Law Enforcement Support Marijuana Legalization | Elections - 0 views

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    In just the last several days, dozens of police officers, prosecutors, and other law enforcement officials have joined forces to endorse California's Prop 19 to legalize marijuana. Led by Law Enforcement Against Prohibition, the mostly former officials say that marijuana prohibition only fuels more dangerous crime by enriching Mexican drug cartels who put guns on American streets.
thinkahol *

How Corporations Buy Congress | BuzzFlash.org - 0 views

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    With the November elections quickly approaching, the majority of  Americans will be thinking one thing: "Who cares?" This apathy isn't due  to ignorance, as some accuse. Rather, working people's disinterest in  the two party system implies intelligence: millions of people understand  that both the Democrats and Republicans will not represent their  interests in Congress.  This begs the question: Whom does the two party system work for? The  answer was recently given by the mainstream The New York Times, who  gave the nation an insiders peek on how corporations "lobby" (buy)  congressmen. The article explains how giant corporations - from  Wall-mart to weapons manufacturers - are planning on shifting their  hiring practices for lobbyists, from Democratic to Republican  ex-congressmen in preparation for the Republicans gaining seats in the  upcoming November elections: "Lobbyists, political consultants and recruiters all say that the  going rate for Republicans - particularly current and former House staff  members - has risen significantly in just the last few weeks, with  salaries beginning at $300,000 and going as high as $1million for  private sector [corporate lobbyist] positions." (September 9, 2010) Congressmen who have recently retired make the perfect lobbyists:  they still have good friends in Congress, with many of these friends  owing them political favors; they have connections to foreign Presidents  and Kings; and they also have celebrity status that gives good PR to  the corporations. Often, these congressmen have done favors for the corporation that  is now hiring them, meaning, that the corporations are rewarding the  congressmen for services rendered while in office, offering them million  dollar lobbyist jobs (or seats on the corporate board of directors)  that requires little to no work.  The same New York Times article revealed that the pay for 13,000  lobbyists currently bribing Congress is a combined $3.5 bil
thinkahol *

Roll up, roll up! The laws of the United States are now officially for sale! : Johann Hari - 0 views

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    The laws and policies of the legislature of the United States of America are now effectively on eBay, for sale to the highest bidder. Are you a Wall Street boss who wants to party like it's 2007? Are you a Big Coal baron who wants to burn, baby, burn? Are you an insurance company that wants to be able to kick sick people off your rolls? Meet John Boehner, the most powerful Republican and soon-to-be Speaker of the House. But -- of course! -- you already have. Here's an example of how you have worked together. In 1995, the House was going to finally repeal subsidies for growing tobacco, because an addictive cancer-causing drug didn't seem like the most deserving recipient of taxpayers' cash -- until Boehner walked the floor of the House handing out checks from tobacco lobbyists to his fellow elected representatives. They changed their minds. The subsidy stayed. Explaining his check-dispensing, Boehner says: "It's gone on here for a long time." So get your bids in: The House is open for business.
thinkahol *

Road to Corporate Serfdom | CommonDreams.org - 0 views

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    It was Bill Clinton's campaign strategist, James Carville, who in 1992 created the election slogan: "It's the Economy, Stupid." For the 2010 Congressional campaigns, the slogan should have been: "It's Corporate Crime and Control, Stupid." But notwithstanding the latest corporate crime wave, the devastating fallout on workers, investors and taxpayers from the greed and corruption of Wall Street, and the abandonment of American workers by U.S. corporations in favor of repressive regimes abroad, the Democrats have failed to focus voter anger on the corporate supremacists. 
thinkahol *

Wall Street, investment bankers, and social good : The New Yorker - 0 views

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    Much of what investment bankers do is socially worthless.
thinkahol *

Sen. Bernie Sanders: A Real Jaw Dropper at the Federal Reserve - 0 views

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    At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later, as a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed, and the American people now have this information.
thinkahol *

YouTube - 'Capitalism: A Love Story' DVD Extra - Harvard Professor Elizabeth Warren - 0 views

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    PREORDER THE 'CAPITALISM: A LOVE STORY' DVD: http://tinyurl.com/calsdvd    'Capitalism: A Love Story' DVD Extra - Harvard Professor Elizabeth Warren on How Wall Street Got Away with Murder    Extended interview with top TARP cop, Harvard Professor, Elizabeth Warren.  Shes sassy and real and tells it
thinkahol *

Plan to 'mess with' Social Security would backfire - latimes.com - 0 views

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    Alan Simpson and Erskine Bowles, the co-chairs of President Obama's deficit commission, have signaled for months that they are not friends of Social Security. In August, Simpson, a former Republican senator from Wyoming, wrote that Social Security is "a milk cow with 310 million tits." Last February, Bowles, who made his fortune on Wall Street and served as a top aide in the Clinton White House, boasted in a speech to bankers, "We're going to mess with Medicare, Medicaid and Social Security."
thinkahol *

Mind the Gap: Bumper Bonuses Are Back, Yet Millions Struggle on Welfare in US | CommonDreams.org - 0 views

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    Conspicuous consumption is back on Wall Street, in anticipation of bonuses close to pre-recession levels. Some American companies have just posted the largest quarterly profits ever. Meanwhile, one in five families is relying on food stamps to get by and unemployment remains stuck at around 10%.
Skeptical Debunker

Volcker Rule: 5 Formery Treasury Secretaries Back Obama's Reforms - 0 views

  • The ex-Treasury officials, who served both Republican and Democratic administrations, wrote that the reform measure, which would prohibit commercial banks from owning or investing in hedge funds, private equity funds or "proprietary trading" operations, is a reasonable trade for the benefits banks reap from "public support by means of access to the Federal Reserve and FDIC insurance." And while the rule may not alone prevent the next financial crisis, they said it's a crucial part of a more expansive regulatory reform package: "We fully understand that the restriction of proprietary activity by banks is only one element in comprehensive financial reform. It is, however, a key element in protecting our financial system and will assure that banks will give priority to their essential lending and depository responsibilities."
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    The 'Volcker Rule' got fresh support this morning when five former Treasury Secretaries endorsed the key financial regulation in a letter to the Wall Street Journal.
Sana ulHaq

Obama to Wall St.: 'Join Us, Instead of Fighting Us' - 0 views

shared by Sana ulHaq on 23 Apr 10 - Cached
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    President Obama took his rhetoric of reform on Thursday to the nation's financial capital in a high-profile foray to chide Wall Street bankers for their "reckless practices" and to press for tighter regulations meant to avert another financial crisis.
Peter Neis

NY State Government and Wall Street - 0 views

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    The NY State constitution and Licensing commission failed to also monitor the activities of Goldman Sachs, Bloomberg defends Goldman, more news on the Hill....
thinkahol *

How propaganda poisons the mind - and our discourse - Glenn Greenwald - Salon.com - 0 views

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    The Wall Street Journal, The Atlantic, and Politico are just some of the outlets in need of a real retraction
thinkahol *

New Year's Prediction (II): The US Economy in 2011 - 0 views

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    What will happen to the US economy in 2011? If you're referring to profits of big corporations and Wall Street, next year is likely to be a good one. But if you're referring to average American workers, far from good.
thinkahol *

Republicans Aim Info-War at Obama - 0 views

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    Finally, Congress appears ready to hold some high-profile hearings - except they won't be about the most important scandals of the past decade, like how the United States was misled into the Iraq invasion, how the Afghan War was bungled, how torture became a U.S. practice, or how bank deregulation and Wall Street greed nearly destroyed the economy.
thinkahol *

The Year Washington Became "Business Friendly" - 0 views

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    ot that it was all that unfriendly before. Some would say the bailouts of Wall Street, AIG, GM and Chysler were about as friendly as it can get. In addition, Washington gave windfalls to drug companies and health insurers in the new health bill, subsidies to energy companies in the stimulus package, and billions to domestic and military contractors.
thinkahol *

Incipient Fascist State - 0 views

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    Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan's first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand.
thinkahol *

Tunisian Opposition Activist: "Is Democracy Possible in the Arab World? Tunisians from All Around Tunisia are Saying 'Yes'" - 0 views

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    Tunisia has announced an interim national unity government days after a popular revolt ousted the president from power in the first Middle East revolution in a generation. President Zine El Abidine Ben Ali fled Tunisia on Friday after a month of unprecedented protests gripped the country. Thousands took to the streets to demonstrate against unemployment, high food prices, corruption and government repression. At least 80 people were killed in a crackdown by government security forces. We go to the capital city Tunis to speak with opposition activist, Fares Mabrouk. [includes rush transcript]
thinkahol *

Tariq Ramadan and Slavoj Zizek on the Future of Egyptian Politics (Video) - 0 views

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    The revolutionary chants on the streets of Egypt have resonated around the world, but with a popular uprising without a clear direction and an unpopular leader refusing to concede, Egypt's future hangs in the balance. Riz Khan talks to Muslim scholar Tariq Ramadan and Slovenian philosopher Slavoj Zizek about the power of popular dissent, the limits of peaceful protest and the future of Egyptian politics.
thinkahol *

Bill Scher: Top 5: Why Wisconsin Matters to You - 0 views

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    Thousands are rallying in Wisconsin and across the nation to oppose conservative governors who are attacking the collective bargaining rights of our civil servants. And the people in the streets are not just public sector union members. Why? Why are so many who are not part of a union so committed to protecting the role of organized workers in our government and our economy?
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