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America is not broke. Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich. Today just 400 Americans have more wealth than half of all Americans combined. Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true.

* Rising prices mean 14% now under-nourished * Urgency over food crisis lost amid credit crunch

http://www.mint.com | It's official, trillion is the new billion. No longer is government spending talked about in terms of a mere ten digits. With the recent flurry of government spending, we are going to need another three zeros to make sense of it all. One trillion dollars is a number that few people can comprehend, let alone your standard nine digit calculator. So what does one trillion dollars look like?

In his thoughtful criticism of my essay on the future of fossil fuels and the poor prospects for renewable energy, Andrew Leonard characterizes my message as one that "we have nothing to worry about." This may be partly the fault of my presentation, because in the course of being provocative I did not make it sufficiently clear that I was engaged in analysis, not advocacy. I made the prediction that, even in the presence of global warming, the countries of the world are unlikely to allow the vast stores of fossil fuels in the earth's crust to lie there undisturbed, when technology is making many of them ever more accessible and cheaper than the renewable energy alternatives. For the record, I personally wish that greenhouse gas emissions would stop immediately, and I personally would prefer a world of harmonious international cooperation for all time. Neither of my personal preferences is going to be fulfilled and neither affects the accuracy of my analysis.

(interview with a Swiss banker  done in Mosсow 30.05.2011)  Q: Can you tell us something about your involvement in the Swiss banking business?A: I have worked for Swiss banks for many years. I was designated as one of the top directors of one of the biggest Swiss banks. During my work I was involved in the payment, in the direct payment in cash to a person who killed the president of a foreign country. I was in the meeting where it was decided to give this cash money to the killer. This gave me dramatic headaches and troubled my conscience. It was not the only case that was really bad but it was the worst. It was a payment instruction on order of a foreign secret service written by hand giving the order to pay a certain amount to a person who killed the top leader of a foreign country. And it was not the only case. We received several such hand written letters coming from foreign secret services giving the order to payout cash from secret accounts to fund revolutions or for the killing of people. I can confirm what John Perkins has written in his book "Confessions of an Economic Hit Man". There really exists just a system and Swiss banks are involved in such cases.

From record greenhouse gas emissions to the failed War on Drugs, here are the real scandals the media ignored

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

AFTER months of speculation over whether the Arab spring would spread to the Palestinians, it has spread, in a way, to the Israelis. Rothschild Boulevard, a pleasant, leafy thoroughfare that meanders through Tel Aviv, with offices and commodious flats on either side, has oddly become a colourful encampment, seething with talk of people-power and social revolution. The tent-dwellers, a mixed bunch but with a preponderance of young, educated, middle-class families, are demanding-above all-affordable housing. Their protest, now into its third week, has sparked sleep-outs and demonstrations around the country. The movement seems to be growing daily, despite the torrid summer heat.

My analysis is quite simple and follows the apocryphal statement attributed to Willie Sutton. The wealth that has accrued to those in the top 1 per cent of the US income distribution is so massive that any serious policy program must begin by clawing it back. If their 25 per cent, or the great bulk of it, is off-limits, then it's impossible to see any good resolution of the current US crisis. It's unsurprising that lots of voters are unwilling to pay higher taxes, even to prevent the complete collapse of public sector services. Median household income has been static or declining for the past decade, household wealth has fallen by something like 50 per cent (at least for ordinary households whose wealth, if they have any, is dominated by home equity) and the easy credit that made the whole process tolerable for decades has disappeared. In these circumstances, welshing on obligations to retired teachers, police officers and firefighters looks only fair. In both policy and political terms, nothing can be achieved under these circumstances, except at the expense of the top 1 per cent. This is a contingent, but inescapable fact about massively unequal, and economically stagnant, societies like the US in 2010. By contrast, in a society like that of the 1950s and 1960s, where most people could plausibly regard themselves as middle class and where middle class incomes were steadily rising, the big questions could be put in terms of the mix of public goods and private income that was best for the representative middle class citizen. The question of how much (more) to tax the very rich was secondary - their share of national income was already at an all time low.

That Terrorism means nothing more than violence committed by Muslims whom the West dislikes has been proven repeatedly.  When an airplane was flown into an IRS building in Austin, Texas, it was immediately proclaimed to be Terrorism, until it was revealed that the attacker was a white, non-Muslim, American anti-tax advocate with a series of domestic political grievances.  The U.S. and its allies can, by definition, never commit Terrorism even when it is beyond question that the purpose of their violence is to terrorize civilian populations into submission.  Conversely, Muslims who attack purely military targets  -- even if the target is an invading army in their own countries -- are, by definition, Terrorists.  That is why, as NYU's Remi Brulin has extensively documented, Terrorism is the most meaningless, and therefore the most manipulated, word in the English language.  Yesterday provided yet another sterling example.

The federal deficit is a serious challenge in the long run. The real emergency is how many people are still out of work. That's the deficit that matters. Almost nothing can do more harm to a nation's cultural, social, political, and of course economic fabric than sustained high joblessness. And of nothing can do more, faster, to reduce a federal deficit than a restoration of economic growth. That political and media attention got hijacked to a fake debt-ceiling "emergency" is 1937 all over again -- but worse, because in principle we had the real 1937 to learn from.

THESE are the worst of times for workers, and the best of times for companies. At least that is one way to read the newly revised national economic statistics.

Why doesn't money (usually) buy happiness? Alain de Botton breaks new ground for most of us, offering reasons for something our grandparents may well have told us, as children. It is rare, and pleasing, to see a substantial philosophical argument sustained as well as it is in this documentary. De Botton claims that we are more anxious about our own importance and achievements than our grandparents were. This is status anxiety.

http://www.ted.com How can architects build a new world of sustainable beauty? By learning from nature. At TEDSalon in London, Michael Pawlyn describes three habits of nature that could transform architecture and society: radical resource efficiency, closed loops, and drawing energy from the sun. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes, Pattie Maes on the "Sixth Sense" wearable tech, and "Lost" producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Closed captions and translated subtitles in a variety of languages are now available on TED.com, at http://www.ted.com/translate.

On July 25th, for instance, while John Boehner raced around the Capitol desperately pressing Republican House members for votes on a debt-ceiling bill that Harry Reid was calling dead-on-arrival in the Senate, America's new ambassador to Afghanistan, Ryan Crocker, took his oath of office in distant Kabul.  According to the New York Times, he then gave a short speech "warning" that "Western powers needed to 'proceed carefully'" and emphasized that when it came to the war, there would "be no rush for the exits." If, in Washington, people were rushing for those exits, no chance of that in Kabul almost a decade into America's second Afghan War.  There, the air strikes, night raids, assassinations, roadside bombs, and soldier and civilian deaths, we are assured, will continue to 2014 and beyond.  In a war in which every gallon of gas used by a fuel-guzzling US military costs $400 to $800 to import, time is no object and -- despite the panic in Washington over debt payments -- neither evidently is cost.

'Americans have yet to grapple with what it means to have a 'special' force this large, this active, and this secret - and they are unlikely to begin to do so until more information is available.' Nick Turse, TomDispatch

magine you helped prepare a great feast with 99 other people - one of them is morbidly obese, the rest are frail and anorexic. Now imagine the morbidly obese man lining up first, piling almost all the food onto his own plate, and leaving nothing but scraps for you and the rest of the dinner party. If he said you should eat less, would that justify his greed?

President Obama's former National Intelligence Director makes the case that drones are counter-productive

For the fact is that right now the economy desperately needs a short-run fix. When you're bleeding profusely from an open wound, you want a doctor who binds that wound up, not a doctor who lectures you on the importance of maintaining a healthy lifestyle as you get older. When millions of willing and able workers are unemployed, and economic potential is going to waste to the tune of almost $1 trillion a year, you want policy makers who work on a fast recovery, not people who lecture you on the need for long-run fiscal sustainability.

Educational researchers at the Technical University of Munich (TUM) have found that schoolchildren can independently develop strategies for solving complex mathematical tasks, with weaker students proving just as capable as their stronger classmates. Researchers in mathematics education worked with approximately 1600 8th grade high-school students in various German states. Following an introduction to the general topic by their teachers, the school children were given a workbook of geometric tasks that they had to solve on paper and using a computer over four school periods. Calculating the surface area of Gran Canaria was one of the real-world, free-form assignments the students had to tackle. The workbook material included explanations and examples of various problem-solving approaches. The teachers took a back seat during the session but were on hand to answer questions from the children, who worked in pairs. After testing the students' skills before and after the session, the researchers recorded a significant improvement in their capabilities. The students learned to apply mathematics more effectively, the researchers said. The students were also able to call on these skills in a further test three months later. "We expected students who were weaker at math to benefit more from a greater degree of guidance through the module," said professor Kristina Reiss.  "But we didn't see a significant difference between these and stronger students." The researchers also found that there were also no differences between boys and girls. "We now know that students - also those who are weaker in math - have the skills to master even very complex subject matters at their own pace," said Reiss. Topics: Cognitive Science/Neuroscience