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.
Economic meltdown, pro-democracy revolts, protest camps - it's kicking off everywhere. But was all this catalysed by new social media and technologies as many claimed? Paul Mason, a BBC correspondent who witnessed much of the unrest at first-hand, tells Liz Else that it's a lot subtler than that
Progressive leaders led by Ralph Nader and Cornel West unveiled a proposal today to challenge President Obama in the Democratic Party's presidential primaries in 2012.
The proposal, which has been endorsed by over 45 distinguished leaders, seeks to have a slate of six candidates run against President Obama, each representing a field in which Obama has never clearly staked a progressive claim or where he has drifted toward the corporatist right.
"Without debates by challengers inside the Democratic Party's presidential primaries, the liberal/majoritarian agenda will be muted and ignored," said Ralph Nader.
October 2011 is the 10th anniversary of the invasion of Afghanistan and the beginning of the 2012 federal austerity budget. It is time to light the spark that sets off a true democratic, nonviolent transition to a world in which people are freed to create just and sustainable solutions. Read more.
It's in the works. A massive Occupy Wall Street gathering with delegates from all over the country. And if these plans are carried out, Occupy Wall Street will be a major force to be reckoned with on Election Day 2012.
"For every $1 raised during the telethon, the group can buy $32 of distressed debt from lenders.
The group's stated goal is to raise $50,000 to buy (and eliminate) $1 million worth of debt."
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