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The loss of America's AAA credit score has sparked panicked sell-offs on global markets. Ratings giants have so far confirmed France's highest status, but investors remain unconvinced its finances are solid enough. Financial journalist Demitri Kofinas says it's not just the banks, but whole countries which are now struggling to make ends meet, with more public unrest on the cards.

Presidents serve the institutional interests of the corporations behind them. A President McCain may have at least triggered a true progressive fight.

The ruling elite has created social institutions that have subdued young Americans and broken their spirit of resistance.

Mathew Yglesias: CBPP Analysis of John Boehner's Plan: The Center on Budget and Policy Priorities concludes that if enacted, John Boehner's debt ceiling plan "could well produce the greatest increase in poverty and hardship produced by any law in modern U.S. history." That sounds to me like something that would create strong incentives to not be poor and, indeed, to fully incentive richness. Consequently, we'll have massive economic growth. Right? Think of all the old people who will be willing to do odd jobs, whatever, in order to pay for health care. No more free-riding from grandma and grandpa to slow the economy down. The CBPP adds: This may sound hyperbolic, but it is not. The mathematics are inexorable. ... In short, the Boehner plan would force policymakers to choose among cutting the incomes and health benefits of ordinary retirees, repealing the guts of health reform and leaving an estimated 34 million more Americans uninsured, and savaging the safety net for the poor. It would do so even as it shielded all tax breaks, including the many lucrative tax breaks for the wealthiest and most powerful individuals and corporations. As for the way the debt ceiling talks are going, what a disaster.

From time to time, someone under 30 will ask me, "When did this all begin, America's downward slide?" They say they've heard of a time when working people could raise a family and send the kids to college on just one parent's income (and that college in states like California and New York was almost free). That anyone who wanted a decent paying job could get one. That people only worked five days a week, eight hours a day, got the whole weekend off and had a paid vacation every summer. That many jobs were union jobs, from baggers at the grocery store to the guy painting your house, and this meant that no matter how "lowly" your job was you had guarantees of a pension, occasional raises, health insurance and someone to stick up for you if you were unfairly treated. Young people have heard of this mythical time - but it was no myth, it was real. And when they ask, "When did this all end?", I say, "It ended on this day: August 5th, 1981." Beginning on this date, 30 years ago, Big Business and the Right Wing decided to "go for it" - to see if they could actually destroy the middle class so that they could become richer themselves. And they've succeeded. On August 5, 1981, President Ronald Reagan fired every member of the air traffic controllers union (PATCO) who'd defied his order to return to work and declared their union illegal. They had been on strike for just two days.

Since Reagan, Republicans have been on a "starve the beast" campaign - by which they mean eviscerate the government by taking away as much revenue as they can.

I don't know the intentions of each of the people taking part in the riots today. I don't know for sure what the intentions of any of them are. But I do know this: every act is a political act. Whether it is intended to make a point about the government's macro-economic policy or intended to allow a pair of trainers to be stolen, the smashing of a window is a clear demonstration of a refusal to buy into society as it stands. However an arsonist explains their flames, whether they burn a building for fun, or with the intention of bringing about revolution, they are saying this: "The world I find myself in is not one in which I have a stake. It is not one I was allowed to help build. It is one which I am happy to burn".

'The comic opera in Washington this summer, which disgusts the country and bewilders the world, may have no analogue in the annals of parliamentary democracy.' Noam Chomsky, In These Times

With an unprecedented sum of wealth held within the top one-tenth of one percent of the US population, we now have the most severe inequality of wealth in US history.

In May 2008, Josh Fox received a letter from a natural gas company offering to lease his family's land in Milanville, Pennsylvania for $100,000 to drill for gas.[1]Following the lease offer, he looked for information about natural gas drilling in the Marcellus Shale under large parts of Pennsylvania, New York, Ohio and West Virginia. He visited Dimock, Pennsylvania where natural gas drilling was already taking place. In Dimock, he met families able to light their tap water on fire as well as suffering from numerous health issues and fearing their well water had been contaminated.Fox then set out to see how communities are being affected in the west where a natural gas drilling boom has been underway for the last decade. He spent time with citizens in their homes and on their land as they relayed their stories of natural gas drilling in Colorado, Wyoming, Utah and Texas, among others. He spoke with residents who have experienced a variety of chronic health problems as well as contamination of their air, water wells or surface water. In some instances, the residents are reporting that they obtained a court injunction or settlement monies from gas companies to replace the affected water supplies with potable water or water purification kits.[2]Throughout the documentary, Fox reached out to scientists, politicians and gas industry executives and ultimately found himself in the halls of Congress as a subcommittee was discussing the Fracturing Responsibility and Awareness of Chemicals Act, "a bill to amend the Safe Drinking Water Act to repeal a certain exemption for hydraulic fracturing."[3] Hydraulic fracturing was exempted from the Safe Drinking Water Act in the Energy Policy Act of 2005.[4]Making appearances in the film are Dr. Theo Colborn, founder of the Endocrine Disruption Exchange (TEDX); John Hanger, Secretary of the Pennsylvania Department of Environmental Protection (DEP); Dr. Al Armendariz, Environmental Protection Agency (EPA) Administrator for Region 6; W

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:

The Whole F**king Thing's Coming DownLYRICS BY PUNK PATRIOThttp://punkpatriot.blogspot.com/MUSICAL PERFORMANCE BY THE FRANK FACTORhttp://TheFrankFactor.comUsed with permission - creative commons attrib. remixhttp://october2011.org/ Hedge funds, derivatives, tea pot domewall street gambling, using your homecongress isn't gonna do a single fucking thingbecause their campaign contributions all come attached with stringsThe Democratic Party is a failing institutionwhat we need now is a real revolution But the whole fucking thing is coming downYeah the whole fucking thing is coming down The United States is a global empireCorporations, well they're fucking vampiressucking wealth from the poorcommitting wage theftHey, who will work for you when we've starved to death? But the whole fucking thing is coming downYeah the whole fucking thing is coming down I've got me full time J.O.B.but that doesn't mean I can afford to eatI've got student loans, but no degreeso I'm gonna die working at this J.O.B.No health insurance, we're all temporary hiresso if we get sick we'll just hurry up and die But the whole fucking thing is coming downYeah the whole fucking thing is coming down wages so low we can't afford the rentso we have to rely on the governmentbut the rich man doesn't want to pay his taxesso the social programs, they''re the first to get the axewe don't complain, we don't bitchthe only thing we've got left to eat is the rich But the whole fucking thing is coming downYeah the whole fucking thing is coming down Used with permission. Creative Commons attribution.Category:News & PoliticsTags:obama corporations criminals revolution reform freedom democrats republicans tea partyLicense:Standard YouTube License

Too often associated with mayhem on the streets, for centuries anarchists have actually sought a more ordered society

President-elect Barack Obama offered Americans a unique opportunity to directly relay their concerns to the incoming administration when his change.gov website unveiled its "Open for Questions" tool late last week. The result of that tool's first round of voting may have surprised Obama and his staff: two of the top ten questions -including the highest ranking question - concerned marijuana policy and questions that challenged the drug war in general took 16 of the top 50 spots. Many were disappointed, though unsurprised, by the administration's response to the question that landed in the top slot. When asked whether or not he would "consider legalizing marijuana so that the government [could] tax it, put age limits on it, and create millions of new jobs [and] a billion dollar industry right here in the U.S.," Obama's team responded with a resounding "no," stating simply that the President-elect "is not in favor of the legalization of marijuana."

"We still have a choice today: nonviolent coexistence, or violent co-annihilation. We must move past indecision to action. If we do not act, we shall surely be dragged down the long, dark, and shameful corridors of time reserved for those who possess power without compassion, might without morality, and strength without sight." Martin Luther King Jr. delivered 4 April 1967, Riverside Church, New York City

We have the purpose of preventing bigots and ignoramuses from controlling… the United States. --Clarence Darrow at the Scopes Monkey Trial. Welcome to the late great United States - a country in economic and moral free fall.  A country in thrall to a cult of greed, selfishness, and ignorance.

According to the latest ABC News/Washington Post poll, 77 percent of Americans say they "feel things have gotten pretty seriously off on the wrong track" in this country. That's the highest percentage since January, 2009.

Poor urban neighborhoods have already learned what is only dimly being understood by the rest of us-in the eyes of the state we are increasingly no longer citizens with constitutional rights but enemy combatants.  - 2011/07/10

Inspired by protests from Tunis to New York, activists and people's assemblies have collaborated on a vision for a new global governance