Archive for September, 2012

Financialization and the World Economy

by , posted on Sunday, September 30th, 2012 at 7:36 pm

from The Real News Network

Gerald Epstein, Political Economy Research Institute, and Department of Economics, University of Massachusetts, Amherst): Financialization of the economy has been developing since the late 19th century and is now at historic Levels

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Assange Speaks to UN

by , posted on Sunday, September 30th, 2012 at 10:09 am

from The Real News Network

Michael Ratner (Center for Constitutional Rights): Julian Assange called for release of Bradley Manning and attacked President Obama’s call for free speech while suppressing whistle blowers

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Why isn’t CNN’s Anderson Cooper an enemy of the state?

by , posted on Friday, September 28th, 2012 at 8:02 pm

rrom The Big Picture with Thom Hartmann (RT)

Julian Assange addressed the United Nations and discussed the United States’ continuing investigation of Wikileaks and Bradley Manning. But what’s the real lesson on journalism in the 21st century that needs to be taken away from the Assange case?

Since June Wikileaks founder Julian Assange has been holed up in the Ecuadorian Embassy in London trying to avoid extradition to Sweden, and eventually the United States where he could meet the same fate as Bradley Manning or worse. His crime? Being a journalist. There’s one industry specifically mentioned in the Constitution, just one. And it’s the press, it’s journalism. It’s the tool “we the people” have to keep our government in check and to make sure “we the people” have all the information we need to be informed members of our democracy.

(more…)

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Richard Wolff: Spain & Greece – Is This What Collapse Looks Like?

by , posted on Friday, September 28th, 2012 at 7:52 pm

from The Big Picture with Thom Hartmann (RT)

Richard Wolff, economist & visiting professor in the Graduate Program for International Affairs, New School University, joins Thom Hartmann. Workers in Greece went on strike Wednesday to protest another round of spending cuts under consideration by the Greek government. Public employees, teachers, medics, lawyers, and even banksters walked off their jobs and took to the streets to protest salary and pension cuts. It’s the first such strike since the new Conservative government took power in June. Yet the Greek government today unveiled it’s new austerity budget pledging to cut $11.5 billion over the next several years. So what will this latest round of cuts due to a nation that is already collapsing under the banksters demands?

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The Bill Black Financial and Fraud Report

by , posted on Friday, September 28th, 2012 at 8:07 am

from The Real News Network

London and Wall Street in a dangerous competition to create a more unregulated environment for finance

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The United States of ALEC: Bill Moyers on the Corporate-Legislative Body Writing Our Laws

by , posted on Thursday, September 27th, 2012 at 8:46 pm

from Democracy Now!

Democracy Now! premieres “The United States of ALEC”, a special report by legendary journalist Bill Moyers on how the secretive American Legislative Exchange Council has helped corporate America propose and even draft legislation for states across the country. ALEC brings together major U.S. corporations and right-wing legislators to craft and vote on “model” bills behind closed doors. It has come under increasing scrutiny for its role in promoting “Stand Your Ground” gun laws, voter suppression bills, union-busting policies and other controversial legislation. Although billing itself as a “nonpartisan public-private partnership,” ALEC is actually a national network of state politicians and powerful corporations principally concerned with increasing corporate profits without public scrutiny. Moyers’ special will air this weekend on Moyers & Company, but first airs on Democracy Now! today. “The United States of ALEC” is a collaboration between Okapi Productions, LLC and the Schumann Media Center.

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German Economy and European Crisis

by , posted on Wednesday, September 26th, 2012 at 12:16 pm

from The Real News Network

German Left Party Vice-President Sahra Wagenknecht on wage repression in Germany and the European Stability Mechanism

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Thousands Surround Spanish Parliament in Bid to “Occupy Congress” and Stop Austerity

by , posted on Wednesday, September 26th, 2012 at 11:22 am

from Democracy Now!

Thousands of people surrounded the Spanish Parliament in Madrid on Tuesday to protest austerity measures and the loss of public confidence in elected leaders. The “Occupy Congress” protest came as the conservative administration of Prime Minister Mariano Rajoy prepares to unveil further austerity measures on Thursday. After hours of protest, police in riot gear charged against demonstrators with batons and fired rubber bullets. Thirty-five people were arrested and at least 60 people were injured. We go to Madrid to speak with independent journalist Maria Carrion.

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Will Obama, the Fed’s QE3 or Romney’s “Smaller Government” Create Jobs?

by , posted on Tuesday, September 25th, 2012 at 11:12 am

from The Real News Network

Leo Panitch and Sam Gindin (authors of The Making of Global Capitalism: The Political Economy of American Empire): As long as effective demand remains low and banks demand austerity to protect their assets, the crisis will deepen.

Part Two: The Crisis and Who Has the Power

Major structural change or effective short term reforms requires addressing democratic decision making starting with making banks a public utility.

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Quadrillion Dollar Derivatives Market 20 Times Global GDP

by , posted on Tuesday, September 25th, 2012 at 10:36 am

from The Real News Network

Markus Stanley (Policy Director, Americans for Financial Reform): Derivative bets not a zero sum game, have far reaching real world consequences

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