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Bilking the Poor: America’s Poverty Taxes
Multibillonaire Pete Peterson’s Fiscal Summit concluded on Tuesday with a stand for no-compromise austerity and Speaker of the House John Boehner laying out the case for massive spending cuts. Yesterday the Senate voted down budget proposals that would have slashed Medicaid, cut SNAP, voucher-ized Medicare, and shrunk most other domestic human needs programs. At the…
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U.S. in Yemen: Escalating War, Stifling Speech
AP is reporting: “Government troops and warplanes pounded al-Qaida positions in southern Yemen on Wednesday, killing at least 29 militants as part of a ramped up campaign against the group, military officials said.” El Asbahi is founder and director of the Human Rights Information and Training Center in Yemen. He said today: “The U.S. military…
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Palestinian Hunger Strikers: “Fighting Ingrained Duplicity”
Reuters is reporting: “Standing up to Israel through non-violent resistance can produce encouraging results, Palestinians said on Tuesday, after a prisoner hunger strike produced some Israeli concessions. “The deal under which some 1,600 Palestinian prisoners agreed on Monday to end a month-long fast against Israel’s prison policy was struck on the eve of Nakba (catastrophe)…
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Standing Up to JPMorgan’s Dimon and “Hedginess”
Stephany Griffith Jones is Financial Markets Program Director at the Initiative for Policy Dialogue at Columbia University. With José Antonio Ocampo, and Joseph E. Stiglitz she co-edited “Time for a Visible Hand: Lessons from the 2008 World Financial Crisis.” She said today: “Two billion dollar losses in JPMorgan give us further confirmation of the need…
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Majority Favors Cutting Military Budget
Kull is director of the Program for Public Consultation, a joint program of the Center on Policy Attitudes and the School of Public Policy at the University of Maryland and lead author of the recently released study “Consulting the American People on National Defense Spending.” He said today: “Three quarters of respondents favored cutting defense…
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NATO Above the Law?
Human Rights Watch today released a report “Unacknowledged Deaths: Civilian Casualties in NATO’s Air Campaign in Libya”. NATO will be holding its summit in Chicago beginning May 20. VIJAY PRASHAD, Author of Arab Spring, Libyan Winter and The Darker Nations: A People’s History of the Third World, Prashad is chair of South Asian history and…
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Mommy Wars or Moms Against War: Bread and Butter and the Radical History of Mother’s Day
Bravo is director of Family Values @ Work Consortium, a network of state coalitions working for paid sick days and paid family leave. She just wrote the piece “The Gifts Mothers Really Want,” which states: “My favorite Mother’s day gifts from my sons were their original stories, songs and poems. But what I needed when…
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JPMorgan “Shock Disclosure” a “Wake-Up Call We Dare Not Ignore”
The Financial Times reports today: “JPMorgan Chase announced a surprise $2 billion trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on ‘errors, sloppiness and bad judgement’ and warned ‘could get worse.’
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U.S. Hosts Bahraini Prince as Monarchy Vows Harsher Crackdown
The Obama administration is hosting Bahraini Crown Prince Salman bin Hamad al-Khalifa in Washington just as the Bahraini regime is vowing a harsher crackdown on anti-government protesters. Democracy Now reported this morning, “Appearing with al-Khalifa at the State Department, Secretary of State Hillary Clinton failed to directly mention the repression of protests, referring only to…
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French and Greek Elections: End of “Pain-Is-Good” Politics?
ETHAN YOUNG ethanyoung at earthlink.net Content manager for Economy Watch, a blog sponsored by the Brecht Forum, Young said today: “The defeat of Nicolas Sarkozy marks the end of ‘pain-is-good’ politics in France. The new Socialist president Francois Hollande is center-left to Sarkozy’s center-right, and shares Sarkozy’s commitment to the European Union. Unlike Sarkozy, Hollande…