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“No More Detroits”: Can Public Banking Save Cities?
“North Dakota doesn’t issue general obligation bonds because the state has its own bank to finance public infrastructure. Last year their public bank, the Bank of North Dakota, issued a $50 million loan to fund a new water pipeline. The paid interest on this loan is reported as profits to the bank and — guess…
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Budget Transparency Group Blasts Congress’ “Secretive Negotiations”
“It is inexcusable that Congress continues to rely on ineffective, secretive negotiations when Americans deserve an open, regular, transparent budget process. And, with Americans agreeing on a wide range of priorities, from closing corporate tax loopholes to reducing military spending to securing Social Security, it’s unconscionable that Congress cannot put partisanship aside and deliver. We…
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Is Wall Street Buying Up Houses Leading to Another Bubble?
“Since the buying frenzy began, no company has picked up more houses than the Blackstone Group, the largest private equity firm in the world. Using a subsidiary company, Invitation Homes, Blackstone has grabbed houses at foreclosure auctions, through local brokers, and in bulk purchases directly from banks the same way a regular person might stock…
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* Iran Accord: “Profoundly Symbolic” * Honduras Election: “Don’t Rush to Recognize”
“The principal benefit of the negotiations between Iran and the P5+1 nations on November 23 is that Iran and the United States were able to sit down to talk and reach an agreement on something. Given 33 years of estrangement and non-communication, this is an extraordinarily important development — nearly equivalent to the U.S. breakthrough…
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Honduras Elections Amid “Intensified State Terror”
“In the months leading up to the first national elections since the 2009 coup in which members of the Resistance movement will participate, state-led terror and the criminalization of social protest have intensified.Juan Orlando Hernández, the presidential candidate for current president Porfirio ‘Pepe’ Lobo’s National Party, has made the promise of security through militarization his…
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Warsaw Climate “Conference of Polluters”?
“The 19th United Nations Framework Convention on Climate Change Conference of the Parties or ‘COP’ meeting flirts dangerously close with being dubbed a ‘Conference of Polluters.’ “The head honcho of the process, Christina Figueres [executive secretary of the UN Framework Convention on Climate Change], offered gentle fig leaves to coal industry CEOs. While she refused…
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* Iran Talks * Yemen Drone Kills * Afghanistan “Apology”
“Many claim the U.S. government targets Al-Qaeda militants with its drone strikes, but it hasn’t released their names. Indeed, the U.S. government might not have their names — they might not know who they are targeting. Too often, when these killings are later investigated, it’s often an anti-Al-Qaeda imam or a school teacher.”
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Beyond the NSA: Corporate Espionage Against Nonprofits
“Many of the world’s largest corporations and their trade associations — including the U.S. Chamber of Commerce, Walmart, Monsanto, Bank of America, Dow Chemical, Kraft, Coca-Cola, Chevron, Burger King, McDonald’s, Shell, BP, BAE, Sasol, Brown & Williamson and E.ON — have been linked to espionage or planned espionage against nonprofit organizations, activists and whistleblowers. “Many…
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Al-Qaeda Affiliate Claims Responsibility for Iran Embassy Bombing, Highlighting Mideast Alliances
“Many media organizations that routinely use the word ‘terrorist’ are not doing it for this attack, even though it was clearly a civilian target and for political purposes. Abdullah Azzam Brigades in their claim of responsibility cited release of their prisoners held in Lebanon. “It might seem strange to hear Saudi Arabia and Israel accused…
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In Wake of Philippines Disaster, Wealthy Countries Reneging on Climate Commitments at Summit
“Developed countries gathered in Warsaw for the UN climate summit have responded to the worst weather-related disaster to hit the Philippines not by stepping up the fight against climate change, but by reneging on their moral and legal commitments. Canada, Japan and now Australia have gone backwards — not forward — on moves to reduce…