Tag Archive: Jeffrey Sachs


Politics and Legislation

Republican leaders racking up ‘yes’ votes on Rep. Ryan’s budget

By Erik Wasson and Russell Berman

Conservative House Republicans on Thursday said they support the 2013 budget resolution, leaving GOP leaders increasingly confident they will be able to pass the measure on the floor next week.

http://thehill.com/blogs/on-the-money/budget/217693-gop-leaders-racking-up-yes-votes-on-ryan-budget

Kony resolution catches on in Senate

By Carlo Munoz

Much like the viral video that reintroduced the world to the atrocities committed by Ugandan warlord Joseph Kony, a Senate resolution condemning his actions is rapidly gaining support on Capitol Hill.

Introduced by Sens. Chris Coons (D-Del.) and Jim Inhofe (R-Okla.), the resolution calls upon the Obama administration to increase assistance to the Ugandan military’s efforts to take out Kony and his Lord’s Resistance Army.

Lawmakers have been falling all over themselves to sign on as co-sponsors to the Coons-Inhofe resolution. By Thursday, 37 senators had signed on.

http://thehill.com/blogs/defcon-hill/policy-and-strategy/217719-kony-resolution-picks-up-steam-in-senate-

Senate to vote on bill killing oil tax breaks

By Andrew Restuccia

Senate Majority Leader Harry Reid (D-Nev.) has scheduled a procedural vote Monday on legislation to repeal billions of dollars in tax breaks for the largest oil companies.

A Senate Democratic aide told The Hill that Reid filed cloture on the bill, authored by Sen. Robert Menendez (D-N.J.), on Thursday, setting up a procedural vote on Monday at 5:30 p.m.

The legislation faces major hurdles to passage, but will nonetheless rally many Senate Democrats, who have made killing the tax breaks a top political priority amid soaring gas prices.

http://thehill.com/blogs/e2-wire/e2-wire/217701-senate-slated-to-vote-on-bill-killing-oil-tax-breaks-monday

Senate passes House GOP’s JOBS Act

By Josiah Ryan

The Senate on Thursday passed an amended version of House Republicans’ Jumpstart Our Business Startups (JOBS) Act, a bill supporters say would generate jobs by easing capital formation regulations for small companies.

The legislation, which soared through the House earlier in March, 390-23, survived fierce opposition in the Senate from powerful Democrats including Assistant Majority Leader Dick Durbin (D-Ill.) and several attempts to gut and replace many of its key provisions through the amendment process.

http://thehill.com/blogs/floor-action/senate/217621-senate-clears-house-gop-jobs-act-

New counter terrorism guidelines permit data on U.S. citizens to be held longer

By Sari Horwitz and Ellen Nakashima

The Obama administration has approved guidelines that allow counter terrorism officials to lengthen the period of time they retain information about U.S. residents, even if they have no known connection to terrorism.

The changes allow the National Counter terrorism Center (NCTC), the intelligence community’s clearinghouse for terrorism data, to keep information for up to five years. Previously, the center was required to promptly destroy — generally within 180 days — any information about U.S. citizens or residents unless a connection to terrorism was evident.

The new guidelines, which were approved Thursday by Attorney General Eric H. Holder Jr., have been in the works for more than a year, officials said.

The guidelines have prompted concern from civil liberties advocates…….

http://www.washingtonpost.com/world/national-security/new-counterterrorism-guidelines-would-permit-data-on-us-citizens-to-be-held-longer/2012/03/21/gIQAFLm7TS_story.html

Chinese Security Chief Lost Power Struggle in Coup

Zhou Yongkang, a member of the Standing Committee of the Political Bureau of CPC attends the opening session of the National People’s Congress (NPC) on March 5. A suddenly announced ideological training session is the latest sign that things are changing in Beijing.

…….On March 15, Zhou’s handpicked successor to head the PLAC, Bo Xilai, was placed under house arrest by the Central Guard Bureau, the agency responsible for the security of the CCP’s top leaders. Many bloggers assumed Zhou has now suffered Bo’s fate.

“The PLAC will be holding a massive training course for over 3,300 secretaries. Don’t you guys think there’s something fishy about it? Perhaps Zhou Yongkang is in trouble now,” wrote a blogger.

“It looks like Zhou Yongkang has been arrested. The PLAC wants its people to pledge their loyalty,” wrote one blogger.

Another blogger wrote, “It looks like the Party secretary of the PLAC is a goner, and Party officials have to realign the formation.”

http://beforeitsnews.com/story/1925/119/Chinese_Security_Chief_Lost_Power_Struggle_in_Coup.html

Federal Judge Okays Flag Desecration

By toddstarnes

A federal judge has declared Missouri’s flag desecration law is unconstitutional and cannot be enforced. U.S. District Judge Carol E. Jackson issued a permanent injunction in the case of Frank Snider, who was arrested in 2009 for cutting up an American flag and throwing it into the street.

http://radio.foxnews.com/toddstarnes/top-stories/federal-judge-okays-flag-desecration.html?utm_source=Todd+Starnes+Website&utm_medium=email&utm_campaign=4af0db1143-STARNES_RSS_EMAIL_CAMPAIGN

Economy

Southern leg of Keystone pipeline a ‘priority,’ Obama says

Amid criticism he isn’t doing enough to beat back rising gas prices, President Obama Thursday said he is calling on his administration “to cut through red tape, break through bureaucratic hurdles,” and make the Southern leg of the controversial Keystone pipeline “a priority.” Mr. Obama’s stop in Cushing was part of a four-state, two-day tour in which the president touted his [corpora-terrorist overlords’] energy policies. Standing next to the giant TransCanada pipes that will make up the Southern leg of the Keystone pipeline, Mr. Obama sought to remind voters that he’s not opposed to domestic oil drilling

http://www.cbsnews.com/8301-503544_162-57402437-503544/southern-leg-of-keystone-pipeline-a-priority-obama-says/

Saudi Arabia And China Team Up To Build A Gigantic New Oil Refinery – Is This The Beginning Of The End For The Petrodollar?

The largest oil exporter in the Middle East has teamed up with the second largest consumer of oil in the world (China) to build a gigantic new oil refinery and the mainstream media in the United States has barely even noticed it. This mammoth new refinery is scheduled to be fully operational in the Red Sea port city of Yanbu by 2014. Over the past several years, China has sought to aggressively expand trade with Saudi Arabia, and China now actually imports more oil from Saudi Arabia than the United States does. In February, China imported 1.39 million barrels of oil per day from Saudi Arabia. That was 39 percent higher than last February. So why is this important? Well, back in 1973 the United States and Saudi Arabia agreed that all oil sold by Saudi Arabia would be denominated in U.S. dollars. This petrodollar system was adopted by almost the entire world and it has had great benefits for the U.S. economy. But if China becomes Saudi Arabia’s most important trading partner, then why should Saudi Arabia continue to only sell oil in U.S. dollars? And if the petrodollar system collapses, what is that going to mean for the U.S. economy?…..

http://theeconomiccollapseblog.com/archives/saudi-arabia-and-china-team-up-to-build-a-gigantic-new-oil-refinery-is-this-the-beginning-of-the-end-for-the-petrodollar

Dangerous and Bizarre Obama Nominee for World Bank Prez
This looks like major trouble.

President Obama has nominated Dartmouth College President Jim Yong Kim for the position of President of the World Bank. All bets were on Jeffrey Sachs. Sachs even thought he was the man, as countries around the world were lining up behind him.

However, President Obama out of the blue nominates Kim. It should be noted that Kim has zero financial background, which in itself may not be bad, since it means he is not a regime bankster. But, his credentials suggest that Obama sees some kind of global social health program along the lines of Obamacare, with the World Bank as a key player.

Kim has been a Professor of Medicine and Social Medicine and Chair of the Department of Global Health and Social Medicine at Harvard Medical School. What’s “Social Medicine”. Wikipedia explains it well:

The field of social medicine seeks to:

understand how social and economic conditions impact health, disease and the practice of medicine and foster conditions in which this understanding can lead to a healthier society.

Translation: It’s about central planning for the medical industry.

http://www.economicpolicyjournal.com/2012/03/dangerous-and-bizarre-obama-nominee-for.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economicpolicyjournal%2FYZSb+%28EconomicPolicyJournal.com%29

Wars and Rumors of War

Ex-FBI informant on terror traps:

‘There is no real hunt. It’s fixed’

Craig Monteilh says he did not balk when his FBI handlers gave him the OK to have sex with the Muslim women his undercover operation was targeting. Nor, at the time, did he shy away from recording their pillow talk. “They said, if it would enhance the intelligence, go ahead and have sex. So I did,” Monteilh told the Guardian as he described his year as a confidential FBI informant sent on a secret mission to infiltrate southern Californian mosques. It is an astonishing admission that goes to the heart of the intelligence surveillance of Muslim communities in America in the years after 9/11. While police and FBI leaders have insisted they are acting to defend America from a terrorist attack, civil liberties groups have insisted they have repeatedly gone too far and treated an entire religious group as suspicious.

http://www.guardian.co.uk/world/2012/mar/20/fbi-informant

U.S. Sergeant Faces 17 Counts of Murder in Afghan Killings

Staff Sgt. Robert Bales will be charged on Friday with 17 counts of murder and various other charges, including attempted murder, in connection with the March 11 shooting deaths of Afghan civilians, a senior United States official said on Thursday. Sergeant Bales, who is 38 and had been serving his fourth combat tour overseas, is being held at Fort Leavenworth, Kan. He is accused of walking away from his remote base in southern Afghanistan and killing 16 17 civilians in a nighttime ambush…

http://www.nytimes.com/2012/03/23/us/us-sergeant-facing-murder-charges-over-afghan-killing.html?_r=1

Afghan villagers told they would pay for bomb days ahead of massacre of 16

Residents of an Afghan village near where an American soldier is alleged to have killed 16 civilians are convinced that the slayings were in retaliation for a roadside bomb attack on US forces in the same area a few days earlier. In accounts to The Associated Press and to Afghan government officials, the residents allege that US troops lined up men from the village of Mokhoyan against a wall after the bombing on either March 7 or 8, and told them they would pay a price for the attack.

http://video.theaustralian.com.au/embed/2211758652/Friends-of-US-soldier-react-to-Afghanistan-massacre-allegat?player=narrow

http://www.theaustralian.com.au/news/world/afghan-villagers-told-they-would-pay-for-bomb-days-ahead-of-massacre-of-16/story-e6frg6so-1226305886039

Environmental

Poland’s Monsanto action lays 1000s of dead bees on Govt steps

By Rady Ananda
Food Freedom

On March 15, over 1,500 beekeepers and their allies marched thru the streets of Warsaw, depositing thousands of dead bees on the steps of the Ministry of Agriculture, in protest of genetically modified foods and their requisite pesticides which are killing bees, moths and other agriculturally-beneficial insects around the globe.

Later that day the Minister of Agriculture, Marek Sawicki, announced plans to ban MON810, which has become ineffective at deterring pests in the US.

GM crops and the pesticides used with them have led to a host of problems (itemized here), including the development of new pathogens. One is associated with spontaneous abortion in cattle and another is responsible for massive methane foaming on manure lagoons which explode, killing thousands of animals in the US since 2001.

The Polish Beekeepers Association organized the protest, joining forces with International Coalition to Protect the Polish Countryside (ICPPC) and the Coalition for a GMO Free Poland. Targeting Monsanto’s MON810 GM corn in particular, they also called for a complete ban on all GM crops and harmful pesticides……

http://foodfreedomgroup.com/2012/03/22/319/

Cyber Space

Sarkozy: Jail those who browse terror websites

By RAPHAEL SATTER

PARIS

France’s president proposed a sweeping new law Thursday that would jail those who visit extremist web sites — one of several tough new measures floated in the wake of a murderous shooting spree.

The proposed rules, unveiled by Nicolas Sarkozy after the death of an Islamist fanatic wanted for a horrifying series of execution-style murders, have alarmed journalists and legal experts, who say they risk pulling the plug on free expression.

Sarkozy argued that it was time to treat those who browse extremist websites the same way as those who consume child pornography.

“Anyone who regularly consults Internet sites which promote terror or hatred or violence will be sentenced to prison,” he told a campaign rally in Strasbourg, in eastern France. “What is possible for pedophiles should be possible for trainee terrorists and their supporters, too.”……

http://www.businessweek.com/ap/2012-03/D9TLMR9G1.htm

Activism

Paramilitary-Style Police Detain And Search Individuals From Occupy Miami

Summary of post by James Cox

Members of Occupy Miami were leaving to do a march and a rally, when multiple trucks and cars filled with paramilitary SWAT-looking officers, with military weaponry pulled. According to reports, these ‘paramilitary-looking’ police officers drew their weapons on the occupiers and rounded them up, along with tenants of the apartment complex, and put them on the ground… These officers were in full riot gear and had assault rifles, tactical gear and shotguns. They were also accompanied by FBI agents and the City of Miami police.

http://freedividual.com/2012/03/13/para-military-style-police-detain-and-search-individuals-from-occupy-miami/

Dozens arrested in Vermont Yankee protest

Scores of protesters were arrested at the corporate headquarters of the Vermont Yankee nuclear power plant Thursday, the first day of the plant’s operation after the expiration of its 40-year license. A heavy police presence and ropes blocked off access to the offices in Brattleboro. The arrests were made calmly and without any confrontation, with obvious signs that protesters and police had worked out the logistics beforehand. A crowd estimated at more than 1,000 gathered in a downtown Brattleboro park before they marched the 3 1/2 miles to the headquarters.

http://www.foxnews.com/us/2012/03/22/dozens-arrested-in-vermont-yankee-protest/

Radiation

The Rage Against Radiation

by Zen Gardner

The outrage against nuclear power is totally under reported. Naturally. Who in the corporate media would want to fight corporate interests in a corporately controlled world?

The amazing video below is the soul of conscious Japan revealed and well worth the full watch. It’s extremely powerful, lucid, comprehensive, consciously aware and emotionally moving.

All the right stuff.

http://beforeitsnews.com/story/1927/859/The_Rage_Against_Radiation.html

Misc

Marine facing dismissal over Obama criticism

The Marine Corps on Wednesday notified a sergeant who has been openly critical of President Barack Obama that he is violating Pentagon policy barring troops from political activities and that he faces dismissal. Camp Pendleton Marine Sgt. Gary Stein started a Facebook page called Armed Forces Tea Party to encourage fellow service members to exercise their free speech rights. He declared a few weeks ago that he would not follow the unlawful orders of the commander in chief. Stein stated that he would not follow orders from the president if those orders included detaining U.S. citizens, disarming them or doing anything else that he believes would violate their constitutional rights.

http://www.cbsnews.com/8301-250_162-57402088/marine-facing-dismissal-over-obama-criticism/

Politics and Legislation

 

We Take Care of Our Own: Eric Holder and the End of Rights

Historians of the future, if they are not imprisoned for saying so, will trace the end of America’s democratic experiment to the fearful days immediately after 9/11, what Bruce Springsteen called the days of the empty sky, when frightened, small men named Bush and Cheney made the first decisions to abandon the Constitution in the name of freedom and created a new version of the security state with the Patriot Act, Guantanamo, secret prisons and sanctioned torture by the U.S. government. They proceeded carefully, making sure that lawyers in their employ sanctioned each dark act, much as kings in old Europe used the church to justify their own actions.

http://www.huffingtonpost.com/peter-van-buren/anwar-al-awlaki-killing_b_1322528.html

 

Politicians Won’t Return Ponzi Payoffs

Michael Winship, Moyers & Co.:

“On Tuesday, Texas financier Robert Allen Stanford was convicted in a Houston federal court on 13 out of 14 criminal counts of fraud…. But what most of this week’s stories failed to mention was the large amount of his clients’ cash that was spent on campaign contributions, greasing the corrupt nexus of money and politics for personal gain. Hundreds of thousands of dollars were given to candidates,  Barack Obama, John McCain, John Boehner and Harry Reid; including Ponzi Payoffs; as well as national fundraising committees for the Republican and Democratic parties.”

http://www.truth-out.org/politicians-wont-return-ponzi-payoffs/1331400527

 

Confusion Surrounds Federal Review of Southern Leg of Keystone XL

Lisa Song, InsideClimate News:

“TransCanada’s decision last week to build the southern half of the rejected Keystone XL has raised a tricky question about who will regulate the project review … The process could be stickier at the federal level. The U.S. State Department was the lead agency on the original Keystone XL because it crossed an international boundary. But so far, no agency has stepped forward to take responsibility for the Gulf Coast Project.”

http://www.truth-out.org/confusion-surrounds-federal-review-southern-leg-keystone-xl/1331398833

 

A Field of Hawks

Eugene Robinson, Washington Post Writers Group:

“Unless Ron Paul somehow wins the nomination, it looks as if a vote for the Republican presidential candidate this fall will be a vote for war with Iran. No other conclusion can be drawn from parsing the candidates’ public remarks. Paul, of course, is basically an isolationist who believes it is none of our business if Iran wants to build nuclear weapons…. But Paul has about as much chance of winning the GOP nomination as I do.”

http://www.truth-out.org/field-hawks/1331398935

 

No Apocalypse Yet
Will Putin do what the oligarchs fear?

By ISRAEL SHAMIR

If he wants to survive politically, he will have to implement the national agenda, confront the oligarchs, curb the creative class, provide support to those who supported him.

http://www.informationclearinghouse.info/article30776.htm

 

Obama Signs Anti-protest Trespass Bill

By RT

US President Barack Obama signed his name to H.R. 347 on Thursday, officially making it a federal offense to cause a disturbance at certain political events – essentially criminalizing protest in the States.

http://www.informationclearinghouse.info/article30774.htm

 

‘War on Terror is War on Liberty’
Farage demands that the UK break treaty with US

By Nigel Farage: EU MP

“No British court has ever been allowed to examine the evidence against Mr Tappin and I believe this Treaty, signed in the wake of the September 11 attacks, needs to be amended and the British government needs to stand up for its own people.

http://www.informationclearinghouse.info/article30764.htm

 

Economy

Not So Fast On That Whole Economic Recovery Thing

Not so fast. Those that are publicly declaring that an economic recovery has arrived are ignoring a whole host of numbers that indicate that the U.S. economy is in absolutely horrendous shape. The truth is that the health of an economy should not be measured by how well the stock market is doing. Rather, the truth health of an economy should be evaluated by looking at numbers for things like jobs, housing, poverty and debt. Some of the latest economic statistics indicate that unemployment is getting a little bit worse, that the housing market continues to deteriorate, that poverty in America continues to soar and that our debt problem is worse than ever.

http://theeconomiccollapseblog.com/archives/not-so-fast-on-that-whole-economic-recovery-thing

 

TEXT-Moody’s: Greek sovereign credit rating remains at C

Moody’s Investors Service says that it considers Greece

to have defaulted per Moody’s default definitions further to the conclusion of an exchange of EUR177 billion of Greece’s debt that is governed by Greek law for bonds issued by the Greek government, GDP-linked securities, European Financial Stability Facility (EFSF) notes. Foreign-law bonds are eligible for the same offer, and Moody’s expects a similar debt exchange to proceed with these bondholders, as well as the holders of state-owned enterprise debt that has been guaranteed by the state, in the coming weeks. The respective securities will enter our default statistics at the tender expiration date, which is was Thursday 8 March for the Greek law bonds and is currently expected to be 23 March for foreign law bonds. Greece’s government bond rating remains unchanged at C, the lowest rating on Moody’s rating scale.

http://www.reuters.com/article/2012/03/09/idUSWNA217120120309

 

Security: UK ‘must plan for euro collapse’

Ministers should draw up plans to deal with a break-up of the eurozone “as a matter of urgency”, a committee of MPs and peers has warned.

The joint committee on the government’s National Security Strategy (NSS) said the full or partial collapse of the single currency was “plausible”.

It said political unrest and a rise in economic migrant numbers could result.

http://www.bbc.co.uk/news/uk-politics-17295461

 

Wall Street up on jobs data, brushes off Greek default

NEW YORK (Reuters) – Stocks advanced on Friday as investors brushed off the technical default by Greece and focused instead on another strong monthly jobs report.

Trading was choppy in late afternoon trade after the International Swaps and Derivatives Association said Greece has triggered an insurance payment on credit default contracts.

Investors took the Greek news largely in stride because the event was widely expected. Still, it is a declaration of default following the biggest sovereign debt-restructuring deal in history, and the specter of trouble in other euro-zone countries remains.

http://finance.yahoo.com/news/stock-futures-edge-lower-focus-092318186.html;_ylt=Ar1tpMPx1ZCXLOapElzdCaqiuYdG;_ylu=X3oDMTNyMnNyMmVwBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDNGYxODJlZGQtM2NlOC0zZDJlLThlY2MtMTUxYWU5NzcwZTQ4BHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzI3OTQ0YjMwLTZhMzAtMTFlMS1hZmZmLTEzMTljMGYwZTE4NA–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

Bernanke Is Giving Us the Recovery He Wants, Not the Recovery We Need

With the latest round of monetary stimulus, the Federal Reserve is boldly going where it has already been. Big, big news from the Federal Reserve. They are considering doing something they are already doing, but calling it something else.

This “new” operation, carried out under the rather gross-sounding moniker of “sterilized quantitative easing,” is just another way to reduce long-term interest rates. The specifics aren’t terribly important — although if you want all the gory details about bond-buying and reverse repos, check out Jon Hilsenrath — but the result should be identical to the so-called “Operation Twist” the Fed did last fall.

http://finance.yahoo.com/news/bernanke-giving-us-recovery-wants-170846352.html;_ylt=AnYAn2zURi8MrFLRZ_Hep_SiuYdG;_ylu=X3oDMTRiOGw4a3B0BG1pdANGUCBDb21tZW50YXJ5IGFuZCBBbmFseXNpcwRwa2cDMmQ2YTVlYjMtZGYwYy0zZGU0LWFmNjktMjFkN2EwODU4NTBiBHBvcwMzBHNlYwNNZWRpYVNlY3Rpb25MaXN0BHZlcgNmNmIyODFiMC02OTQxLTExZTEtYmZmYy01NTAxNmVjYTk3MGQ-;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

UPDATE 6-Oil up on jobs data even as dollar rallies

By Robert Gibbons

NEW YORK, March 9 (Reuters) – Oil prices rose a third straight day on Friday as data showing rising U.S. employment countered any pressure from a stronger dollar and faded euphoria after Greece’s debt swap deal.
U.S. nonfarm payrolls rose by 227,000 in February, above expectations and marking the third straight month that gains topped 200,000, though the unemployment rate held at a three-year low of 8.3 percent.

http://finance.yahoo.com/news/6-oil-jobs-data-even-170225610.html;_ylt=ArtF491iXjMK0Eqas1EzJrWiuYdG;_ylu=X3oDMTN0bGRlZWpmBG1pdANOZXdzIFRvcGljIDIEcGtnAzBlMGE5M2UyLTAwMDEtMzJmMy05M2ExLTA1NDk4MDM2ZDllMwRwb3MDMgRzZWMDTWVkaWFTZWN0aW9uTGlzdAR2ZXIDZTA2MzljYTAtNmEwOS0xMWUxLWFlZmYtYjcyZGRjMWIwZDU2;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

PRECIOUS-Gold turns higher on US jobs data, oil gains

By Frank Tang and Amanda Cooper

NEW YORK/LONDON, March 9 (Reuters) – Gold rose above
$1,700 an ounce in heavy trade on Friday, reversing early sharp losses as the metal took heart from gains in crude oil and U.S. equities’ after an encouraging U.S. nonfarm payrolls report.
Bullion, which has taken to following riskier assets, rose in the face of a dollar rally and fading hopes of further U.S. monetary stimulus after U.S. employment grew strongly for a third straight month.
Also lifting the metal was Greece’s averting an immediate default after its bond swap offer to private creditors. Technical buying also helped after prices rebounded off its key 200-day moving average.

http://finance.yahoo.com/news/precious-gold-turns-higher-us-165030879.html;_ylt=AmeSDy3YM97ycn01LvBnaVaiuYdG;_ylu=X3oDMTN0OTRtMzFzBG1pdANOZXdzIFRvcGljIDIEcGtnA2EzYTkxNGFlLTdjMGMtM2ZmOS04ZDE2LTJjYmQ4ZWQwMzI2YgRwb3MDMwRzZWMDTWVkaWFTZWN0aW9uTGlzdAR2ZXIDYTczNjQ0YTAtNmExMy0xMWUxLWI5ZmYtYjAxMDViZmYwZjJj;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

Public-Sector Banks: From Black Sheep to Global Leaders

Once the black sheep of high finance, government owned banks can reassure depositors about the safety of their savings and can help maintain a focus on productive investment in a world in which effective financial regulation remains more of an aspiration than a reality.

http://www.truth-out.org/public-sector-banks-black-sheep-global-leaders/1331147316

 

Welcome to the One Percent Recovery

Mike Konczal, New Deal 2.0:

“As the one percent reap 93 percent of the income gains from the recovery, we’re rapidly returning to pre-New Deal levels of inequality … It’s important to remember that a series of choices were made during the New Deal to react to runaway inequality, including changes to progressive taxation, financial regulation, monetary policy, labor unionization, and the provisioning of public goods and guaranteed social insurance. A battle will be fought over the next decade on all these fronts.”

http://www.truth-out.org/welcome-1-percent-recovery/1331396893

 

Jeffrey Sachs’ Reform Candidacy for World Bank President

Staff, Center for Economic and Policy Research:

“Economist and health expert Jeffrey Sachs’ reported candidacy for World Bank president is welcome news for the two-and-a-half billion people around the world living in poverty, Center for Economic and Policy Research (CEPR) Co-Director Mark Weisbrot said today. ‘If Sachs were to get the job, he would be the first World Bank president with this kind of experience and knowledge of economic development … All of the others have been bankers, politicians, or political appointees.'”

http://www.truth-out.org/mark-weisbrot-jeffrey-sachs-reform-candidacy-world-bank-president/1331311919

 

China posts Feb. trade deficit

For the first time in a year, China recorded a trade deficit of 31.48 billion U.S. dollars in February, as import growth far outpaced exports.

Exports rose 18.4 percent from a year earlier to 114.47 billion U.S. dollars in February, while imports were up 39.6 percent to 145.96 billion U.S. dollars, customs data showed Saturday.

The fast trade expansion was fueled by the lower comparative base for last February, when the Chinese Lunar New Year holiday cut working days from the month and skewed trade data, the General Administration of Customs (GAC) said. The week-long holiday fell in January this year.

After seasonal adjustments, the annual growth of exports slowed to 4 percent in February while that of imports was cut down to 9.4 percent.

http://www.china.org.cn/business/2012-03/10/content_24859840.htm

Life in America on Two Dollars a Day
Or Why American Poverty Will Soon Match That of the Third World

By CanSpeccy

The latest poverty statistics that show the number of American families with an income of less than two dollars per person per day more than doubled between 1996 and 201.

http://www.informationclearinghouse.info/article30765.htm

 

China to export yuan to BRICS:

China is reportedly to begin extending loans in yuan to BRICS countries in another step towards internationalizing the national currency and diversifying from the US dollar.

http://rt.com/business/news/china-us-dollar-currency-129/

 

Iceland calls its former PM to account for financial crash:

Geir Haarde, whose trial began this week, could face up to two years in jail if convicted over country’s 2008 economic collapse

http://www.guardian.co.uk/world/2012/mar/09/iceland-former-pm-financial-crash

 

Harrisburg, Pennsylvania, Set to Default on $5.27 Million GO Bond Payments:

The city, carrying a debt load of more than five times its general-fund budget, will miss $5.27 million in bond payments due March 15 on $51.5 million of bonds issued in 1997.

http://www.bloomberg.com/news/2012-03-09/harrisburg-pennsylvania-set-to-default-on-5-27-million-go-bond-payments.html

 

Wars and Rumors of War

 

The Kazakhstan Massacre: Killing Hope to Benefit US Geopolitical Interests

Steve Horn and Allen Ruff, Truthout: “December 16, 2011, should have been, at minimum, a fairly bright day for the people of Kazakhstan marking the country’s Independence Day and 20th birthday. But rather than being a moment of celebration, it became a day of brutal repression and death, a bloody scene in the regional center of Zhanaozen paralleling those that occurred at the hands of US-supported dictatorial regimes during the uprisings now commonly referred to as the Arab Spring.”

http://www.truth-out.org/kazakhstan-massacre-killing-hope-benefit-us-geopolitical-interests/1331142602

 

Russia says 15,000 foreign “terrorists” in Syria

(Reuters) – Syrian President Bashar al-Assad is battling al Qaeda-backed “terrorists” including at least 15,000 foreign fighters who will seize towns across Syria if government troops withdraw, a Russian diplomat said on Thursday.

http://www.reuters.com/article/2012/03/08/us-syria-russia-idUSBRE82714E20120308

 

After a Decade, Afghan Forces Don’t Trust Americans

Jon Stephenson and Ali Safi, McClatchy Newspapers:

“Afghan soldiers and police say the recent burning of Qurans by U.S. personnel has seriously undermined their trust in their American counterparts, suggesting that the decade-long campaign to win hearts and minds has not only failed but also threatens the Obama administration’s exit strategy. ‘We are tired of the Americans here,’ said Mohammad Aziz, 20, a Kabul police officer. ‘We don’t want them to stay because they keep insulting our religion.'”

http://www.truth-out.org/after-decade-afghan-forces-dont-trust-americans/1331392048

 

Fresh barrage of Gaza rockets strike Israel’s south

Iron Dome intercepts a number of rockets over Be’er Sheva on Saturday morning; 12 Palestinians reportedly killed in IAF strikes in Gaza since Friday.

http://www.haaretz.com/news/diplomacy-defense/fresh-barrage-of-gaza-rockets-strike-israel-s-south-1.417622

 

Obama has partially left his delusions about Iran: Leader

TEHRAN – Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says that U.S. President Barack Obama has partially left his delusions about Iran.

The Leader made the remarks during a meeting with the members of the Assembly of Experts in Tehran on Thursday.

“Two days ago, we heard that the U.S. president said, ‘We do not think of war against Iran.’ Well, this is good. This is a logical remark. This is an exit from delusion. In addition, he said, ‘We will bring the Iranian people to their knees through sanctions.’ This is a delusion. The exit from delusion in the first part is good, but remaining in delusion in the second part will harm them. When one’s calculations are based on delusion, it is obvious that the planning he makes based on those calculations will end in failure,” Ayatollah Khamenei stated.

http://www.tehrantimes.com/politics/96228-obama-has-partially-left-his-delusions-about-iran-leader

 

The Bloody Road to Damascus
The Triple Alliance’s War on a Sovereign State

By James Petras

There is clear and overwhelming evidence that the uprising to overthrow President Assad of Syria is a violent, power grab led by foreign-supported fighters.

http://www.informationclearinghouse.info/article30769.htm

 

10 Myths about Iran Driving the Insane Push for War
And Why They’re Dead Wrong

By Jasmin Ramsey

Israeli officials and GOP candidates spout nonsense about Iran. Here’s the truth.

http://www.informationclearinghouse.info/article30772.htm

 

Weapons Financed By US Kill Unarmed Palestinians and U.S. Citizens.

By David Elkins

“U.S. weapons provided to Israel at taxpayer expense make the U.S. complicit in Israel’s human rights abuses of Palestinians living under Israel’s 44-year military occupation of the West Bank, East Jerusalem, and Gaza Strip”

http://www.informationclearinghouse.info/article30767.htm

 

Kofi Annan’s calls for talks spark anger:

Syrian opposition activists have angrily rejected calls by Kofi Annan, the UN and Arab League envoy to Syria, for dialogue with the government.

http://www.bbc.co.uk/news/world-middle-east-17312040

 

Assad Tells Kofi Annan He’s Open To ‘Honest Effort To Find Solution’:

 

Assad warned the envoy that dialogue was unlikely to succeed while “armed terrorist groups” remained.

http://www.huffingtonpost.co.uk/2012/03/10/syria-crisis-assad-annan-kofi-homs-idlib-_n_1336534.html?ref=uk

 

Russia threatens to veto U.S. resolution on Syria:

Russia will not support a new U.S.-drafted resolution on Syria because it fails to urge both the government and the rebels to halt violence, said a top Russian diplomat.

http://www.thehindu.com/news/international/article2978397.ece

 

No military solution in Syria: EU ministers:

As Qatar called in Cairo for the dispatch of Arab and international peacekeeping troops to Syria, Juppe joined his counterparts in saying that for the EU “military action is not on the agenda.”

http://www.eubusiness.com/news-eu/syria-politics.fml

 

US officials: Loyal army, inner circle back Assad:

Despite the Obama administration’s predictions that the Syrian government’s days are numbered, recent U.S. intelligence reports suggest President Bashar Assad commands a formidable army that is unlikely to turn on him, an inner circle that has stayed loyal and an elite class that still supports his rule.

http://www.mercurynews.com/breaking-news/ci_20145482/us-officials-syrian-regime-holding-under-fire

 

Controversy surrounds CNN footage from Syrian activist:

Video footage broadcast by CNN purporting to depict Syrian government violence was staged by the journalist reporting on camera, recent reports have claimed.

http://www.hurriyetdailynews.com/controversy-surrounds-cnn-footage-from-syrian-activist-.aspx?pageID=238&nid=15628&NewsCatID=359

 

If Iran attacked it will launch 11,000 missiles at Israel, US: envoy:

Tehran’s ambassador to Lebanon says Iran has prepared itself to launch about 11,000 missiles at Israel and U.S. bases in the region if they do a strike on Iran’s nuclear facilities, the Lebanese media reported.

http://www.mehrnews.com/en/newsdetail.aspx?NewsID=1556104

 

Environmental

 

The Problem With the Environment Is Not Too Many People

Eleanor J. Bader, Truthout:

“We’ve all heard the claim repeatedly: humans pollute, so if we just reduce the number of people – both the number being born and the number immigrating from point A to point B – the despoiling will cease and Eden will be restored. If only it could be so simple…. ‘Too Many People?’ is a clear and convincing challenge to the idea of population control as political necessity.”

http://www.truth-out.org/problem-environment-not-too-many-people/1331163575

 

Fracking Likely Caused Series of Ohio Quakes, Officials Say

Michael Muskal and Neela Banerjee , News Report:

Ohio’s Department of Natural Resources issued new regulations for transporting and disposing of brine wastewater, a fracking byproduct, making for the nation’s toughest disposal regulations, state officials said. Though the quake damage was minor – the largest was a 4.0 magnitude – environmental groups questioned whether the state’s safety rules were strong enough to protect the area from disasters they attributed to hydraulic fracturing.

http://www.nationofchange.org/fracking-likely-caused-series-ohio-quakes-officials-say-1331394148

 

Misc

 

New York Times CEO Robinson’s Exit Compensation Package Tops $23 Million

Janet Robinson, the New York Times Co. chief executive officer who was pushed out in December, received an exit package, including stock options and retirement benefits, of $23.7 million.

Robinson gets pension and supplemental retirement income valued at $11.4 million, performance awards of $5.39 million, restricted stock units worth $1.07 million and stock options worth $694,164, according to the company’s proxy statement filed with the Securities and Exchange Commission today. She will also earn $4.5 million in consulting fees for this year.

http://www.bloomberg.com/news/2012-03-09/new-york-times-s-robinson-s-exit-package-tops-23-million.html

 

NSA whistle-blower: Obama “worse than Bush”

Thomas Drake on life inside the National Security Agency and the price of truth telling

Thomas Drake, the whistle-blower whom the Obama administration tried and failed to prosecute for leaking information about waste, fraud and abuse at the National Security Agency, now works at an Apple store in Maryland. In an interview with Salon, Drake laughed about the time he confronted Attorney General Eric Holder at his store while Holder perused the gadgetry on display with his security detail around him. When Drake started asking Holder questions about his case, America’s chief law enforcement officer turned and fled the store.

http://www.salon.com/2012/03/07/nsa_whistle_blower_obama_worse_than_bush/singleton/

 

Mass pro-democracy protest rocks Bahrain

(Reuters) – Tens of thousands of Bahrainis demonstrated on Friday to demand democratic reforms, stepping up pressure on the U.S.-allied government with the biggest protest yet in a year of unrest.

http://www.reuters.com/article/2012/03/09/us-bahrain-protest-idUSBRE8280TI20120309

 

Three Ways to Beat Corporate Giants

Jim Shultz, Op-Ed:

From insurance companies lording over our health care to global conglomerates taking control of our water, corporate giants wield more and more influence over our lives and our environment. So how do we fight back? How do we take on corporate power and actually win? The Democracy Center recently published a new citizen’s resource that looks up close at the strategies that people and communities are using worldwide to successfully tackle corporate giants.

http://www.nationofchange.org/three-ways-beat-corporate-giants-1331390970

 

Don’t Look Away from Bahrain’s Revolution

By Ala’a Shehabi

Over the past year, as cameras turned away, the Bahraini regime carried out some of the worst atrocities in its history.

http://www.informationclearinghouse.info/article30773.htm

 

Bahraini forces kill 21-year-old protester in capital Manama:

Activists say the protester, named Fadhel Mirza, was killed on Saturday when regime forces attacked a group of demonstrators struggling to reach Pearl Square.

http://www.presstv.ir/detail/230916.html

 

CyberSpace

 

Stratfor: Blood On Their Hands
And it gets worse.

By Khadija Sharife

With their emails, Stratfor appears to advocate for a world where polluters and murderers, circumvent accountability by obtaining information to pre-empt – and in the process destroy – their opposition.

http://www.informationclearinghouse.info/article30777.htm

 

The Crime of Truth:
Obama’s Persecution of the Peacemaker

By Chris Floyd

Bradley Manning will spend the rest of his life in a federal prison for the unforgiveable crime of telling the truth to people who don’t want to hear it.

http://www.informationclearinghouse.info/article30771.htm

 

The Dirty War on WikiLeaks

By John Pilger

Media smears suggest Swedish complicity in a Washington-driven push to punish Julian Assange.

http://www.informationclearinghouse.info/article30770.htm