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Tag Archive: Thom Hartmann


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Published on Feb 5, 2014

Thom Hartmann shares how the city of Chattanooga, Tennessee has created its own high speed internet service.

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freespeechtv

Published on Nov 6, 2013

Thom Hartmann talks about how the super-rich used our infrastructure and sent their profits overseas.

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Politics and Legislation

Campaign Spending Shows Political Ties, Self-Dealing

Kim Barker, Al Shaw, ProPublica:

“Our analysis found that more than $306 million has been spent so far by major super PACs and the five leading presidential candidates. In some cases, payees serve both candidates and the super PACs aligned with them, raising the specter that groups may be working together in ways that violate the rules, campaign finance experts said. We also found instances in which overseers of some political action committees directed hefty fees to their own companies, a legal form of self-dealing.”

Read Full article Here

US House of Representatives Approves Plan to Destroy
Medicare, Medicaid and Food Stamps

By Patrick Martin

The US House of Representatives has adopted a budget resolution that calls for privatization of Medicare and the elimination of Medicaid, food stamps and many other federal entitlement benefits. The resolution is part of a bipartisan campaign to slash spending on social programs.

Read Full Article Here

US Anti-terrorism Law Curbs Free Speech and Activist Work, Court Told

By Paul Harris in New York

A group political activists and journalists has launched a legal challenge to stop an American law they say allows the US military to arrest civilians anywhere in the world and detain them without trial as accused supporters of terrorism.

Read Full Article Here

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Economy

Break Up the Big Banks, Says the Dallas Fed

Robert Reich, Op-Ed:

Wall Street’s increasing power remains “difficult to control because they have the lawyers and the money to resist the pressures of federal regulation.” The Dodd-Frank act that was supposed to control Wall Street “leaves TBTF [too big to fail] entrenched.” The Dallas Fed goes on to argue that the Fed’s easy money policy can’t be much help to the U.S. economy as long as Wall Street is “still clogged with toxic assets accumulated in the boom years.

Read Full Article Here

Department of Energy Knew of Solyndra Risks, Former FBI Agent Finds

Ronnie Greene, News Analysis:

“The Department of Energy was fully aware of the risks in backing Solyndra Inc., a start-up company that pocketed a half-billion dollar DOE loan but never turned a penny in profit before shutting its doors, concludes a former FBI agent hired to examine the company’s books. The expert’s report, filed this week in Solyndra’s voluminous bankruptcy case in California  , could embolden critics who say the government ignored financial red flags in supporting the solar panel maker with President Obama’s maiden green energy loan in 2009.”

Read Full Article Here

While White House Emphasizes Easing Student Debt Burden, Fed Contractors Play Hardball

Marian Wang, News Analysis:

“Under Education Department contracts, collection companies “rehabilitate” a defaulted loan by getting a borrower to make nine payments in 10 months. If they succeed, they reap a jackpot: a commission equal to as much as 16 percent of the entire loan amount, or $3,200 on a $20,000 loan. These companies receive that fee only if borrowers make a minimum payment of 0.75 percent to 1.25 percent of the loan each month, depending on its size.”

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Bank Of America CEO Gets $7.5 Million Pay Package After The Bank Lost More Than Half Its Stock Value

Pat Garofalo, News Report:

“The Wall Street Journal noted this week that that CEO pay lagged behind profits and productivity last year, mirroring a trend that has been occurring with workers’ wages for decades. But even that slight modicum of moderation regarding executive compensation evidently didn’t extend to Bank of America, which gave CEO Brian Moynihan a $7.5 million pay package — six times as much as he made in 2010 — following a year in which the company’s stock plummeted.”

Read Full Article Here

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Wars and Rumors of War

Assad remarks give little hope of peace

By AGENCIES

BAGHDAD: Bashar Assad’s remarks on a UN-Arab plan yesterday gave little hope of peace as the Syrian tyrant called for an end to “terrorist acts” by foreign powers.

“It’s not surprising, but it’s discouraging and disappointing,” US State Department spokesman Mark Toner said.

Arab leaders, meanwhile, urged a peaceful end to the bloodshed through “serious national dialogue,” at a landmark summit in the Iraqi capital yesterday.

They approved a resolution calling on the “Syrian government and all opposition factions to deal positively with the envoy (Kofi Annan) by starting serious national dialogue.”

Arab leaders said the plan should be implemented “immediately and completely.”

It said “the massacre committed by the Syrian forces against civilians in Baba Amro … can be considered crimes (against) humanity.”

Read Full Article Here

Israel Shields Public From Risks of War With Iran

Gareth Porter, Inter Press Service:

“The message that Iran is too weak to threaten an effective counterattack is contradicted by one of Israel’s leading experts on Iranian missiles and the head of its missile defense program for nearly a decade, who says Iranian missiles are capable of doing significant damage to Israeli targets.”

Read Full Article Here

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Environmental

EPA Climate Proposal Could Limit Coal’s future, at Least in U.S.

Renee Schoof, News Report:

The rules require future power plants to keep their emissions of heat-trapping gases under a limit. Most natural gas plants would meet the standard easily, but coal-fired plants would have to reduce emissions by about half. The equipment to capture and store those emissions underground isn’t commercially viable. “This is not a sudden death for the coal industry by any means,” said David Pumphrey of the Center for Strategic and International Studies, a center-right research center.

Read Full Article

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Activism

Fault Lines: History of an occupation Part 1

Uploaded by AlJazeeraEnglish on Mar 21, 2012

Fault Lines tells the definitive history of Occupy Wall Street from its early days through the movement’s rapid spread up to the brutal crackdown by state authorities.

Fault Lines: Occupy Wall Street: Surviving the Winter Part 2

Uploaded by AlJazeeraEnglish on Mar 27, 2012

Fault Lines follows key Occupy organisers through the winter as they continue to build a movement even after violent evictions across the country.

On the News With Thom Hartmann: Anti-Austerity Strikes Halted Business in Spain Yesterday, and More

In today’s On the News segment: Supreme Court now deciding the fate of Obamacare, the recall vote of Wisconsin Gov. Scott Walker is set, new oil subsidies sail through Congress, natural gas platform disaster continues to unfold in the North Sea, Egyptian courts censor Internet pornography, and more.

Read Transcripts Here

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Articles of Interest

Russian Proton-M Puts Military Satellite into Orbit

Russia’s Space Forces launched a Proton-M carrier rocket with a Cosmos class military satellite on board on Friday, spokesman Lt. Col. Alexey Zolotukhin said.

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Japan orders SDF to intercept DPRK rocket if necessary

China.org.cn

Japanese Defense Minister Naoki Tanaka officially ordered the Self-Defense Forces (SDF) to intercept a Democratic People’s Republic of Korea’s (DPRK) rocket launch if necessary on Friday.

Tanaka issued the order after he told SDF on Tuesday to take preparatory measures against the DPRK rocket launch.

Japan and other countries see the rocket launch as a cover for a long-range ballistic missile test, Xinhua reported.

Read Full Article Here

All Parties Ignore the One Way to Reduce Health Care Costs: Single-Payer

David U. Himmelstein MD and Steffie Woolhandler MD, MPH, Truthout:

“Both parties studiously avoid the one health-reform solution that – unlike computers – would actually save money while sparing patients: single-payer, nonprofit national health insurance. Research shows that single-payer reform could save about $380 billion annually that’s currently wasted on insurers’ overhead and the unnecessary paperwork (and screen-work) they inflict on hospitals, doctors and patients.”

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CWA Union Teams Up With Free Press, Consumer Groups to Oppose Telecom Deregulation

Mike Elk, In These Times:

“The Communications Workers of America union has been criticized by progressive consumers groups like Free Press for its positions on net neutrality and the proposed AT&T-T-Mobile merger. Now, though, CWA is teaming up with groups like Free Press to fight two big bills that they say would deregulate the telecommunications industry, help build telecom monopolies and lead to telecom job losses.”

Read Full Article Here

Exclusive: Soros’ son strikes out on his own

(Hmmmm, Can anyone say Restructuring and SEC?)

………………………………………………………………………………………………………………………………………………………………………………

By Jennifer Ablan and Matthew Goldstein

NEW YORK (Reuters) – The upheaval within billionaire investor George Soros’ firm continues as one of his sons is separating some of his personal fortune to manage it himself.

Jonathan Soros, who stepped down in September from day-to-day management of Soros Fund Management LLC, plans to hire at least one of his father’s key employees, say two people familiar with the situation.

The two sources said Soros’ son intends to set up his own family office – something the Soros Fund converted to last year – with the help of David Kulsar, currently chief risk officer for the Soros Fund.

“Jonathan wants to manage some of his own money so the (Soros Fund) family office has made that accommodation for him,” said a source familiar with the situation but who was not authorized to discuss the matter.

Jonathan Soros, who was a law clerk for a federal judge before joining with his brother Robert in 2002 to oversee the management of Soros Fund, did not return calls or emails seeking comment. He currently is a senior fellow with the Roosevelt Institute, a liberal think tank group in New York.

Kulsar, who also did not return a phone call seeking comment, worked in risk management for John Meriweather’s JWM Partners before joining the Soros Fund. Meriweather founded Long-Term Capital Management, the hedge fund whose collapse in 1999 sparked fears of a financial crisis.


Read Full Article Here

Politics and Legislation

NSA denies eavesdropping on Americans

A recent article regarding the National Security Agency’s new secret eavesdropping facility in Bluffdale, Utah has caught the attention of members of the House.

The article which was published last week by Wired explains how the NSA “will be secretly capturing, storing, and analyzing vast quantities of words and images hurtling through the world’s telecommunications networks.”

The article goes on to explain how the “Utah Data Center” which is a project surrounded by “immense secrecy is the final piece of a complex puzzle assembled in the past decade.”

The heavily fortified $2 billion building is said to have the capabilities “to intercept, decipher, analyze, and store vast swaths of the world’s communications as they zap down from satellites and zip through the underground and undersea cables of international, foreign, and domestic networks,” the article added.

EndtheLie.com

http://EndtheLie.com/2012/03/22/nsa-denies-eavesdropping-on-americans/#ixzz1puDZLP5a

Marine charged for criticizing Obama

On Wednesday Marine Sgt. Gary Stein was notified by the Marine Corps that he was in violation of the Pentagon’s policy for blatantly condemning President Obama and Defense Secretary Leon Panetta.

Stein’s actions could now lead to his dismissal and a possible downgrade in ranking.

The Marine who is based in Camp Pendleton, California, created a Facebook page called “Armed Forces Tea Party,” which currently has approximately 19,000 likes and has photos showcasing slogans such as “NObama” and “One Nation, under Obama, with poverty and unemployment for all,” has been under the microscope since 2010.

Stein was first warned by his superiors two years ago after he launched the social media page on Facebook critiquing Obama care. Stein offered to remove the page while he revised the rules at the bidding of his superiors.

According to Stein, after the revision of the rules he determined he was not in violation.

http://rt.com/usa/news/marine-stein-page-president-219/

GOP leadership rankled by resolution calling for attorney general’s head

By Jordy Yager

More than 100 Republicans in the House are clamoring for Eric Holder’s head, but GOP leaders are reluctant to vote on a measure suggesting the ouster of the U.S. attorney general.

http://thehill.com/homenews/house/217475-house-gop-leadership-rankled-by-calls-for-attorney-generals-head

McCaskill deals serious blow to BRAC

By Jeremy Herb

Sen. Claire McCaskill (D-Mo.) said Wednesday that she will not let new rounds of base closures pass her subcommittee this year, dealing a potentially fatal blow to the Pentagon’s plans for the Base Realignment and Closure Commission (BRAC) in its 2013 budget.

http://thehill.com/blogs/defcon-hill/operations/217421-sen-mccaskill-deals-serious-blow-to-bracs-chances

Courtly battle in healthcare case

By Jess Bravin

The fight over President Barack Obama’s health-care overhaul has featured nearly three years of name-calling and shouting matches. But don’t expect to hear supporters accused of creating “death panels,” or opponents of preferring the uninsured to “die quickly,” when the issue lands at the Supreme Court next week.

http://online.wsj.com/article/SB10001424052702303812904577291420805600542.html?mod=ITP_pageone_1

House approves the repeal of cost-cutting healthcare board

By Pete Kasperowicz

The House on Thursday afternoon approved legislation that would repeal a government board tasked with finding Medicare savings, and institute medical tort reform across the country.

Members approved H.R. 5, the Protecting Access to Healthcare (PATH) Act, by a 223-181 vote in which only seven Democrats supported the bill and 10 Republican opposed.

http://thehill.com/blogs/floor-action/house/217583-house-passes-health-board-repeal-medical-tort-reform-bill

Senate passes bill on insider trading, sends measure to Obama

By Alexander Bolton

The Senate on Thursday passed legislation barring lawmakers from using insider information for personal profit, sending the bill to the White House.

The Stop Trading on Congressional Knowledge (STOCK) Act already approved by the House passed the upper chamber easily by a vote of 96-3.

The Senate action circumvents a thorny amendment sponsored by Sen. Chuck Grassley (R-Iowa) requiring political intelligence operatives to regularly report their activity. The Senate adopted the Grassley proposal by a vote of 60-39 in February, but the GOP-controlled House opposed the Grassley’s language and did not include it in its version.

http://thehill.com/homenews/senate/217639-senate-passes-insider-trading-bill-sending-measure-to-obama

On the News With Thom Hartmann:Obama Announces Fast-Track Approval of Keystone Pipeline Segment, and More

In today’s On the News segment: Only five banks control more than half of all the industry’s assets, President Obama announced the fast-track approval of the southern leg for the existing Keystone pipeline today in Oklahoma, Democrats try to curb influence of SuperPACs, and more.

http://truth-out.org/news/item/8046-on-the-news-with-thom-hartmann

Economy

Nigel Farage on the Euro

Uploaded by MightyDemocracy on Mar 13, 2012

Nigel Farage commenting on Barroso’s message that the signing of the European Fiscal Compact treaty signifies the “irreversibility of the euro.” 13/03/2012
Van Rompuy re-‘elected’ as president of Europe: http://mightydemocracy.blogspot.com/2011/11/emperor-of-europe-and-future-of-n…

Spain’s Economy, Front and Center

Paul Krugman, Krugman & Co.:

“I’ve always viewed Spain, not Greece, as the quintessential euro crisis country. With Prime Minister Mariano Rajoy’s government balking – rightly – at further austerity, the focus is now where it arguably should have been all along. And with Spain now front and center, the essential wrongness of the whole European policy focus becomes totally apparent. Spain did not get into this crisis by being fiscally irresponsible; see the little comparison on the chart on this page.”

http://truth-out.org/opinion/item/8034-spains-economy-front-and-center

Wars and Rumors of War

After Bales’ Arrest, Military Tried to Delete Him From Web

David Goldstein and Matthew Schofield, McClatchy Newspapers:

“Besides waiting nearly a week before identifying the Army staff sergeant who’s accused of killing 16 Afghan villagers, the US military scrubbed its websites of references to his combat service. Gone were photographs of the suspect, Staff Sgt. Robert Bales, as well as a recounting in his base’s newspaper of a 2007 battle in Iraq involving his unit that quoted him extensively. But not really.”

http://truth-out.org/news/item/8038-after-bales-arrest-military-tried-to-delete-him-from-web

Bahrain Medics Show Trial: This Is Not Syria, Therefore No Western Outcry

by Finian Cunningham

Bahrain’s disgraceful show trial of medical staff is set to continue, with news this week that 20 doctors and nurses are to be retried in a civilian court on trumped-up charges of subversion against the US-backed regime.

The medics were already sentenced by a military tribunal (a military tribunal!) to up to 15 years in prison after months of being held in illegal detention, denied legal counsel and subjected to torture.

Moving their case to a civilian court is presumably meant to signal a concession by the regime. But what it illustrates is that the Al Khalifa royal rulers of Bahrain are unreconstructed despots who are implacably set against accepting any kind of democratic reform.

The persecution of the majority Shia population – 70 per cent of the island – by an unelected Sunni elite is business as usual as epitomized by the vindictive targeting of medics whose only “crime” was that they treated hundreds of people injured in the state’s brutal crackdown against the pro-democracy movement.

Recently, Washington has been doing its PR best to present the monarchy in the Persian Gulf kingdom as being belatedly open to reform – this after a year of unrelenting repression against a largely peaceful pro-democracy uprising.

http://www.globalresearch.ca/index.php?context=va&aid=29903

US Mercenary “Took Part” in Gaddafi Killing; Sent to Assist Syrian opposition

US government officials requested that an American private security firm contact Syrian opposition figures in Turkey to see “how they can help in regime change,” the CEO of one of these firms told Stratfor in a company email obtained by WikiLeaks and Al-Akhbar.

James F. Smith, former director of Blackwater, is currently the Chief Executive of SCG International, a private security firm with experience in Afghanistan, Iraq, and Libya. In what appears to be his first email to Stratfor, Smith stated that his “background is CIA” and his company is comprised of “former DOD [Department of Defense], CIA and former law enforcement personnel.”

“We provide services for those same groups in the form of training, security and information collection,” he explained to Stratfor. (doc-id 5441475)

In a 13 December 2011 email to Stratfor’s VP for counter-terrorism Fred Burton, which Burton shared with Stratfor’s briefers, Smith claimed that “[he] and Walid Phares were getting air cover from Congresswoman [Sue] Myrick to engage Syrian opposition in Turkey (non-MB and non-Qatari) on a fact finding mission for Congress.”

http://english.al-akhbar.com/content/blackwater-veteran-took-part-gaddafi-killing-asked-us-help-syrian-opposition

Environmental

About That Dimock Fracking Study: Result Summaries Show Methane and Hazardous Chemicals

Christine Shearer, Truthout:

“Although the Environmental Protection Agency (EPA) Region 3 issued a statement last week that its preliminary tests of water samples near drilling and fracking sites in the Pennsylvania town of Dimock showed no health concerns, the group Water Defense and ‘Gasland’ director Josh Fox went to Dimock to look at the EPA summaries themselves, which they say do report high levels of explosive methane, heavy metals and hazardous chemicals.”

http://truth-out.org/news/item/8021-about-that-dimock-fracking-study-results-did-show-methane-and-hazardous-chemicals

Whistle Blowers

Bradley Manning Prosecution Incurably Infected by Government Misconduct

Kevin Zeese, Bradley Manning Support Network:

“Last week I spent two days in court for a pretrial motions hearing in the court martial of Bradley Manning, the private accused of leaking documents to WikiLeaks that showed widespread unethical and illegal behavior by the Department of Defense and State Department. Manning has suffered the fate the Queen put on Alice when she was in Wonderland, ‘Sentence first – verdict afterwards.’ By the time his court martial is actually held he will have been incarcerated for more than two years, one of those years was spent in solitary confinement. But, that is only one of many obvious injustices Manning is being subjected to.”

http://truth-out.org/news/item/8039-bradley-manning-prosecution-incurably-infected-by-government-misconduct

Activism

What happened to our government? (opinion)

(NaturalNews) When I was a little kid growing up in Newark and going to Bergen Street elementary school, I remember a teacher reading something to us in class one day. It went something like this:

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness”.

These words are from our Declaration of Independence, and unfortunately, not from our Constitution. And from these principles, we Americans, lay claim to a rather unique and somewhat revolutionary legacy. That being that every person can lay claim to his or her own sovereignty just by being born, and that these rights don’t come from any government or person.

One of the basic principles on which our country was founded is that individuals have all these rights. Unfortunately, we give away some of them to our government. This is done voluntarily as it is not the law.

http://www.naturalnews.com/035302_government_liberty_happiness.html#ixzz1puM7vMRm

Misc

Obama threatens rare earth trade war against China – but why?

By Jonathan Benson, March 22 2012

(NaturalNews) In the spirit of election season political posturing, the Obama White House has announced that it is filing a trade lawsuit against China for restricting exports on rare earth metals and other materials used in the production of touchscreen mobile phones, military weapons, laptop computers, and various other high-tech devices. The poster child administration of meaningless political rhetoric, Obama and Co. has taken a convenient interest in China’s misdealings with the U.S. and…

http://www.naturalnews.com/035313_Obama_trade_war_China.html

The Invisible Poverty of “The Other America” of the 1960s Is Far More Visible

Peter Dreier, Truthout:

“Fifty years ago (in March 1962) Michael Harrington wrote a book, ‘The Other America: Poverty in the United States’ – a haunting tour of deprivation in an affluent society – that inspired Presidents Kennedy and Johnson to wage a war on poverty. This slim, 186-page volume became a best-seller and became required reading for social scientists, elected officials, college students, members of study groups sponsored by churches and synagogues, reporters and intellectuals, the new wave of community organizers and the student activists who traveled to the South to join the civil rights crusade.”

http://truth-out.org/news/item/8040-michael-harrington-and-deprivation-in-an-affluent-society

Politics  and  Legislation

House passes JOBS act


By Pete Kasperowicz

The House Thursday afternoon overwhelmingly approved legislation aimed at easing the rules for capital formation for small companies, which Republicans hailed as a major job-creation bill but Democrats said is just a minor fix for the economy.

Members approved the Jumpstart Our Business Startups (JOBS) act in a 390-23 vote that saw 158 Democrats join every voting Republican in support of the bill. All “no” votes were Democrats.

http://thehill.com/blogs/floor-action/house/214979-house-passes-jobs-act-sends-to-senate

Senate blocks Keystone pipeline approval plan


By Ben Geman

The Senate has rejected a GOP plan to approve construction of the Keystone oil pipeline after President Obama made personal calls to Democrats urging them to oppose it.

The 56-42 vote staves of an election-year rebuke of Obama, but will give political ammunition to backers of TransCanada Corp.’s plan to build a pipeline connecting Alberta’s massive tar sands projects to Gulf Coast refineries.

http://thehill.com/blogs/e2-wire/e2-wire/215051-senate-blocks-keystone-pipeline-approval-plan

The Bipartisan Force Behind the For-Profit College Scam: Big Money
Zaid Jilani, Republic Report:

“As we head into an election year, we’re going to increasingly hear that Democrats and Republicans fight like cats and dogs, that there is a civil war in Washington. This describes the state of play on some issues, but on others there is bipartisan agreement to do the wrong thing: Both parties do what the money tells them to do.”

http://www.truth-out.org/bipartisan-force-behind-profit-college-scam-big-money/1331141403

 

Economy

Asia Buys Gold After Massive Single Trade Sell Off During Bernanke’s Testimony

http://www.zerohedge.com/news/asia-buys-gold-after-massive-single-trade-sell-during-bernanke%E2%80%99s-testimony

China faces huge employment pressure: minister

BEIJING, March 7 (Xinhua) — China faces huge employment challenges in 2012 brought by a large number of job seekers and unbalanced job market, Yin Weimin, minister of human resources and social security, said Wednesday.

Chinese cities and towns will see 25 million more people join the workforce this year, half of whom will be university and college graduates, while another 9 to 10 million rural residents will seek jobs away from home, Yin said at a press conference during the ongoing parliamentary session.

http://www.chinadaily.com.cn/china/2012npc/2012-03/07/content_14782010.htm

Financial Survival Network: Darryl Schoon Sees the Mother of All Crashes Coming Soon–02-28-2012

http://beforeitsnews.com/story/1840/261/Financial_Survival_Network:_Darryl_Schoon_Sees_the_Mother_of_All_Crashes_Coming_Soon02-28-2012.html

Economic Recovery for Whom?

Richard D. Wolff, Truthout:

“The truth about ‘economic recovery’ is that, for the mass of people, it is untrue. For the top 10 percent and especially the top 1 percent – those who brought global capitalism into crisis in 2007 – recovery has been real…. ‘Recovery’ is the go-to word when business and government impose conditions to make the US more profitable especially for big business. ‘Recovery,’ in this capitalist economy, refers to profits, not to people.”

http://www.truth-out.org/economic-recovery-whom/1331043859

Fractal Analysis: Gold to $3,500 this year still likely despite crash

http://www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=146416&sn=Detail&pid=102055

 

On the News With Thom Hartmann: A New Study Shows That Extreme Poverty in America Has Doubled in the Last 15 Years, and More

In today’s On the News segment: A new study shows that extreme poverty in America has doubled in the last 15 years, a new front has opened up in the battle against Citizens United, European austerity continues to take its toll, and more.

http://www.truth-out.org/news-thom-hartmann-new-study-shows-extreme-poverty-america-has-doubled-last-15-years-and-more/1331-0

 

U.S. jobs data lift world stocks

NEW YORK (Reuters) – U.S. and European stocks advanced on Wednesday after promising U.S. jobs data, and the euro rebounded after hitting a three-week low on renewed optimism that Greek will complete its debt restructuring after major banks and pension funds pledged their support.

Completion of the debt restructuring is crucial for Greece to secure 130 billion euros in international rescue funds needed so it can avert a chaotic default.

http://finance.yahoo.com/news/world-markets-fall-over-greece-003835021.html;_ylt=AgHLLR6iqbYbhHOWakoVR2miuYdG;_ylu=X3oDMTNyMzByb2Z2BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDMjE2YzM2MDItYmFmYy0zNTEyLTk0NzItMjEyZTE2MWNlOTRkBHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzY5N2MwOTQwLTY4YTMtMTFlMS1iOGZmLThmYmExODlkMzgzZA–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

Banks and Congress Grapple With Stubborn, Stupid Facts
Michael Winship, Moyers & Co.:

“Facts are stubborn things, said founding father John Adams, a basic truth Ronald Reagan famously mangled at the Republican National Convention in 1988, when he tried to quote Adams and declared, ‘Facts are stupid things,’ before correcting himself…. Witness the resistance on the part of banking institutions and certain members of the congressional leadership, despite regulations demanding that they allow facts and figures to be reported, information that could keep us from the edge of yet another economic meltdown.”

http://www.truth-out.org/banks-and-congress-grapple-stubborn-stupid-facts/1331148612

 

U.S. Consumers Stronger Than Expected: Barry Ritholtz Isn’t Buying It

http://finance.yahoo.com/blogs/daily-ticker/u-consumers-stronger-expected-barry-ritholtz-isn-t-142319259.html;_ylt=AkbDaUHVXt18IkWPqd7LdiCiuYdG;_ylu=X3oDMTQ0NXRmOGwzBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDYTJmODViODItMmNmZS0zMzNjLTlhMDMtMTI2NTQyZThmYzY3BHBvcwM2BHNlYwN0b3Bfc3RvcnkEdmVyAzE4NTlhNGIwLTY4NjEtMTFlMS1hZmJmLWY2NWQ5NzMyMDc5ZQ–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

In Troubled Europe, Agonizing Options
Paul Krugman, Krugman & Co.:

“It’s not too hard to see what Europe as a whole should be doing: less in terms of demands for austerity, much more general reflation … And you can make the case that austerity, at least at this level of harshness, is actually counterproductive even in fiscal terms: it depresses growth, so that the debt position becomes worse even if the current budget deficit is reduced. It’s much harder, however, to say what the leaders of such peripheral economies should do.”

http://www.truth-out.org/troubled-europe-agonizing-options/1331147478

 

Illinois state ‘on brink of collapse’

Source: FT

Illinois’ financial problems are forcing it to choose between its pensions and its teeth.

Governor Pat Quinn says the state needs to face its “rendezvous with reality” and tackle its dysfunctional budget habits. Top of the list, Mr Quinn says, is to slash spending on Medicaid, a federal programme that provides healthcare to poor Americans.

To save a system he says is “on the brink of collapse”, Mr Quinn proposes cutting $2.7bn from Illinois’ $11.5bn Medicaid bill. Few would dispute that the state needs to change its behaviour. Last year, Illinois underfunded Medicaid by $2bn as it struggled with debts totalling more than $280bn, an $86bn hole in its public pension funds and a $9bn backlog of unpaid bills.

http://stratrisks.com/geostrat/4494

 

OVERNIGHT ENERGY: Chu, White House rebut gas price claims

State of play: Energy Secretary Steven Chu will appear before a House Energy and Commerce Committee panel Wednesday to defend the Obama administration’s fiscal 2013 budget request.

As with previous budget hearings, expect Republican lawmakers to pepper Chu with questions about gasoline prices and the administration’s $535 million loan guarantee to failed solar panel firm Solyndra. Chu has become a top target for Republicans over the issues.

Republicans have pounced on Chu’s recent comments to allege that the administration wants higher gas prices, a claim both the Energy Department and the White House have strongly denied.

http://thehill.com/blogs/e2-wire/e2-wire/213695-overnight-energy

Obama Phone: Gov to Spend $2.4 Billion On Millions of Free Phones In 2012

One of the complaints about the U.S. Constitution recently, being as outdated as it is, is that it fails to guarantee certain unalienable rights such as free medical care, housing , food, and of course, the right to bear cell phones. And, although the founders failed to specifically cite social programs as a necessary element for promoting the general welfare, the living nature of our founding document has been interpreted by political and legal scholars alike to allow for the seizure of assets by force from one group of people in order to redistribute those assets in a fair and responsible manner to those less fortunate.

As such, if you’re one of the 100 million Americans living below or at the edge of the poverty line, you’ll be happy to know that you more than likely qualify for a free cellular phone, also known as the Obama Phone, from the US government:

http://www.shtfplan.com/headline-news/free-obamaphone-gov-to-spend-2-4-billion-on-millions-of-free-phones-in-2012_02092012

 

Wars and Rumors of War

 

Attacking Iran: Just Because We Can, Doesn’t Mean We Should
Camillo “Mac” Bica, Truthout:

“The debate regarding Iran’s nuclear program has focused upon pragmatic, tactical, strategic and economic issues regarding the feasibility and consequences of continuing and/or escalating military action against Iran…. While such discussions may have media and political appeal, they are premature and miss the point entirely. They either take for granted or completely ignore the more fundamental question of whether continuing/escalating a war with Iran is the right thing to do, not militarily or pragmatically, but legally and morally.”

http://www.truthout.org/attacking-iran-just-because-we-can-doesnt-mean-we-should/1330726438

 

By conjuring the Holocaust, Netanyahu brought Israel closer to war with Iran

Haaretz’s editor-in-chief says that the Prime Minister publicly booby-trapped himself to war with Iran by comparing the need to strike its nuclear program with the Jewish request to bomb Auschwitz.

http://www.haaretz.com/news/diplomacy-defense/by-conjuring-the-holocaust-netanyahu-brought-israel-closer-to-war-with-iran-1.416847

 

Netanyahu, Obama divided on price of Israeli strike against Iran

Netanyahu considers missiles on Tel Aviv preferable to nukes in Iran, says senior Israeli official.

http://www.haaretz.com/print-edition/news/netanyahu-obama-divided-on-price-of-israeli-strike-against-iran-1.416909

 

Stratfor leaks: NATO commandos in illegal special ops in Syria

Wikileaks is a part of the covert operations, a part of the perception management, a part of the forged agenda to have you psychologically prepared for the coming war. When the times comes and you turn on the radio or TV with news that Israel/US have initiated airstrikes in Syria and/or Iran you will not even think twice about it and go about your day not giving a shit about what the hell is really going on in the Middle East .

-Phantom Report

http://www.phantomreport.com/stratfor-leaks-nato-commandos-in-illegal-special-ops-in-syria

 

Environmental

 

Amy Goodman | The Bipartisan Nuclear Bailout

Amy Goodman, Op-Ed: While the Republican candidates attack Barack Obama daily for the high cost of gasoline, both sides are traveling down the same perilous road in their support of nuclear power. This is mind-boggling, on the first anniversary of the Fukushima nuclear disaster, with the chair of the U.S. Nuclear Regulatory Commission warning that lessons from Fukushima have not been implemented in this country.

http://www.nationofchange.org/bipartisan-nuclear-bailout-1331216800

 

Misc

 

Despite Risks, Undocumented Immigrants Stage “Coming Out of the Shadows” Week
Yana Kunichoff, Truthout:

“Despite a year of record deportations and little movement on a progressive immigration policy, undocumented people are coming out and publicly declaring their immigration status for the third year in a row, telling American society that they are ‘undocumented, unafraid and unapologetic.’ March 10 will be the first day of a weeklong set of actions by a coalition of groups in Illinois to highlight the continuing crisis caused by enforcement and lack of rights in immigrant communities.”

http://www.truth-out.org/despite-risks-undocumented-immigrants-stage-coming-out-shadows-week/1331146237

 

Reclaiming the Commons (Graphic Journalism)

Susie Cagle, Truthout:

“Founded by squatters more than 150 years ago, full of foreclosed buildings, and shrinking by thousands per year, Oakland in many ways presents as a tremendously attractive target for occupation. But it’s been a bumpy road since the first camps were cleared on October 26.”

http://www.truth-out.org/occupied-oakland/1331135674

UN top torture official denounces Bradley Manning’s detention

In December, 2010, the U.N.’s special rapporteur on torture announced a formal investigation into the conditions of Bradley Manning’s detention that endured for the eight months he was held at a Marine brig in Quantico, Virginia. The Army Private has been detained since May, 2010, on charges that he leaked classified documents to WikiLeaks, but has not yet been tried. Yesterday, the U.N. official overseeing the investigation pronounced that “Bradley Manning was subjected to cruel, inhuman and degrading treatment in the excessive and prolonged isolation“ to which he was subjected at Quantico. That official, Juan Ernesto Mendez, heads the U.N. office created by the U.N. Commission on Human Rights, bestowed with the mandate “to examine questions relevant to torture.”

http://www.salon.com/2012/03/07/un_top_torture_official_denounces_bradley_mannings_detention/?source=newsletter

 

Two Murdoch journalists reportedly attempt suicide as pressure mounts

By msnbc.com staff and news services

Two senior journalists working for Rupert Murdoch’s News International have attempted suicide as pressure mounts at the scandal-hit publisher of the now-defunct News of the World, according to media reports.

The suicide attempts follow weeks of intense scrutiny of the role of The Sun, another Murdoch paper, in the phone-hacking scandal and police bribery case.

http://worldnews.msnbc.msn.com/_news/2012/03/06/10594806-two-murdoch-journalists-reportedly-attempt-suicide-as-pressure-mounts

 

High- end Madam for running upper East Side brothel is a suburban mom with four children
Arrest was culmination of five-year investigation by Manhattan DA’s office

A high-end madam who boasted she used cops as security and made millions by peddling flesh — including underage girls — to rich and powerful clients has been busted after a five-year probe, prosecutors said.

The Manhattan district attorney’s office indicted petite, blond, green-eyed Anna Gristina, 44, in a corruption investigation that amassed 50 to 100 hours of audio and video recordings, some showing prostitutes doing the deed, according to court records.

http://www.nydailynews.com/new-york/manhattan-madam-busted-running-upper-east-side-brothel-catering-wealthy-clients-court-records-article-1.1033622#ixzz1oacGeC5L

 

“Journalist” Paul Conroy is MI6 operative

Portrayed as a photojournalist for The Sunday Times, Paul Conroy, who has recently escaped from the Islamic Emirate of Baba Amr, is a British MI6 agent.

http://www.voltairenet.org/a173025

 

Engineer reveals shockingly simple method to defeat any airport body scanner and smuggle guns, explosives onto airplanes without being detected

By Mike Adams, March 7 2012
(NaturalNews) The following is an article by Steve Watson, an in-house reporter for InfoWars (www.InfoWars.com). Steve covered the astonishing breaking news of an engineer who revealed a shockingly simple loophole that completely defeats the TSA’s “naked body scanners” and would allow anyone to smuggle guns, explosives, box cutters or practically any metallic objects directly onto airplanes. Even more astonishingly, as this story reports, YouTube immediately censored the video of this engineer…

http://www.naturalnews.com/035175_naked_body_scanners_defeated_engineer.html

155 resignations from global banks, investment houses, and money funds

155 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS
I don’t mind if you re-blog this listing. Save yourself the wear and tear on your karma and do me the favor of including http://americankabuki.blogspot.com in your reposting. Thanks to all who have caught minor errors. Special thank to Gabriel at Facebook Global Mass Resignations for some resignations I did not find in my searches.

From:
American Kabuki
Updated 3/7/12 Huge amount of resignations today. Special thanks to Gabriel of Facebook GLOBAL MASS RESIGNATIONS for the heads up on a number of new banking resignations that I missed. Gabriel will be tracking Insurance, Government and Healthcare Resignations. There’s been a large number of Healthcare resignations lately.

█▓▒░ End of list as of 3/7/12 ░▒▓█
Addendum:
It is not known under what circumstances these individuals have left their positions, I make no judgement on that. I find the timing of so many resignations extremely curious and a temporal marker in history of high significance. No one should assume I make any judgement about the character of these people. I frankly don’t know their reputations except for a few rather famous ones.
This list includes Banks, Investment Houses, Sovereign Wealth Funds, Equity Funds, Savings Retirement Funds and other shadow banking organizations. The line is very blurry between these entities, some are owned by banks some are banks, some invest in banks as well as owning entire industries (common in Hong Kong and Japan).

http://americankabuki.blogspot.com

Politics  and  Legislation

Will Greece Be Ruled by the Bankers – or Its People?

http://www.truth-out.org/will-greece-be-ruled-bankers-or-its-people/1330717929

The Often Forgotten Downside to Accepting Corporate Contributions

http://www.nationofchange.org/often-forgotten-downside-accepting-corporate-contributions-1330879141

Economy

Towards a Creditor State – One in Seven Americans Pursued by Debt Collectors

http://www.truth-out.org/towards-creditor-state-one-seven-americans-pursued-debt-collectors/1330796809

On the News With Thom Hartmann: Time to Cut the Oil Barons Off, and More

http://www.truth-out.org/news-thom-hartmann-time-cut-oil-barons/1330708440

Gazprom ‘mulls joining Israel’s gas boom’

Gazprom, Russia’s biggest energy conglomerate, is reported looking to work with Israel on the Jewish state’s vast offshore natural gas reserves.

Senior RBA men face fresh scrutiny over bribe scandal

Chicago Residents Win Closure of Two Coal Power Plants After Health Ailments Spark Campaign

Environmental

How “Drill, Baby, Drill” and “Yes We Can” Got Married

http://www.truth-out.org/how-drill-baby-drill-and-yes-we-can-got-married/1330791118

Genetically Modified Food Labeling Initiative Gains Momentum

http://www.nationofchange.org/genetically-modified-food-labeling-initiative-gains-momentum-1330877516

BP Settlement Leaves Most Complex Claims Unresolved

http://www.nationofchange.org/bp-settlement-leaves-most-complex-claims-unresolved-1330871305

Protesters Occupying Monsanto Corp. Arrested

http://www.nationofchange.org/protesters-occupying-monsanto-corp-arrested-1330870187

 Wars and Rumors of Wars

Israel’s Assassins and Tehran’s Killers

http://www.truth-out.org/israels-assassins-and-tehrans-killers/1330713278

New Map Shows Location of Nation’s Most Toxic Industrial Boilers

http://www.truth-out.org/new-map-shows-location-nations-most-toxic-industrial-boilers/1330714223

Obama says he has ‘Israel’s back,’ urges patience on Iran sanctions

By Amie Parnes – 03/04/12 12:31 PM ET

North Korea Has Allegedly Tested Nuclear Warheads For Iran

Submitted by Tyler Durden on 03/04/2012 00:19 -0500

Misc

NGOs: The Missionaries of Empire

http://globalresearch.ca/index.php?context=va&aid=29595

Hackers Elect Futurama’s Bender to the Washington DC School Board

http://www.pcworld.com/article/251187/hackers_elect_futuramas_bender_to_the_washington_dc_school_board.html