Ellen Brown: “Too big to fail” now trumps all. Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks.
any of the social, economic and political ills facing the United States will cost tens of billions to fix, from updating the power grid and building a high-speed rail network to dealing with climate change and revitalizing public education. Solving the problem of homelessness should be easy because it will cost billions less to fix [...]
Friday Feedback: This week, go99ers comments on Ellen Brown’s analysis of another shady Wall Street practice: interest rate swaps: “This past week, ex- employee of the month Greg Smith said that Goldman-Sachs referred to our local bureaucrats and the gullible suckers at the raw end of a swindle as “muppets.” So according to them, WE are all muppets, suckers to be swindled. WOW!!!!”
Robert Reich: The only reason the economy isn’t in a double-dip recession already is because of three temporary boosts: the federal stimulus (of which 75 percent has been spent), near-zero interest rates (which can’t continue much longer without igniting speculative bubbles), and replacements (consumers have had to replace worn-out cars and appliances, and businesses had to replace worn-down inventories). Oh, and, yes, all those Census workers (who will be out on their ears in a month or so).
Articles by Rev. Irene Monroe, Randy Shaw, Georgianne Nienaber, John Delloro, Ed Rampell, Noman Solomon, Paul Hogarth, Paul Loeb, Ivan Eland, Jim Fuller, Carl Matthes, Andrea Christina Nill, Tom Hall, Charley James and Lulu Demaine, Berry Craig, Tom Degan, Robert Reich, Carl Bloice, Tracy Emblem, Tina Dupuy, Jeffrey Blankfort, Anthony Samad, Michael Sigman, and Johnny Townsend
Andrea Nill: Kagan could have a direct impact on the role the federal, state, and local governments play in enacting and enforcing immigration laws. Her potential confirmation could also have a more indirect effect on how the nation’s immigration population is treated and who is and isn’t protected by the U.S. Constitution.
Ivan Eland: Although closing Guantánamo would be important symbolically, the law-free sanctuary that the Bush administration had achieved there has already been eroded by the Supreme Court’s demand that detainees have some legal rights. And even if the Obama administration closes Gitmo, some of Bush’s unconstitutional policies would continue in prisons around the United States—for example, the use of military tribunals for some detainees and the detention of some former Guantánamo detainees indefinitely without trial.
Robert Reich: The economic stresses of continued high unemployment and low wages are contributing to the growth of the “I’m Mad As Hell” Party – a rag-tag collection of Tea Partiers furious at establishment Republicans, left-wing Democrats angry at what they consider lily-livered Democrats in Washington, and Independents disgusted with everybody inside the Beltway.
This weeks articles, on Afghanistan, immigration reform, joblessness and the economy, gay rights and more.