An editorial in the British newspaper the Independent called it the most important G8 summit for three decades, as the deepening financial crisis in Europe threatened the entire global economy. The communiqué issued after a day of talks at the US presidential retreat at Camp David, however, revealed there was no plan to meet the crisis, just a decision to put the best face on a worsening situation.
With Nato delegates arriving Saturday night, the City of Chicago has been turned into a police state. Courtesy of Mayor Rahm Emanuel, who several months ago began implementing new draconian anti-protest measures, Chicago has gone on security lockdown. Starting early Friday night, 18 May 2012, the Chicago Police Department began shutting down – prohibiting cars, bikes, and pedestrians – miles and miles of highways and roads in the heart of Chicago to create a security perimeter around downtown and McCormick Place (where the Nato summit is being held).
A New York City Police Department sergeant has been caught on video threatening several Brooklyn men with his gun and with sexual assault.
The most conservative Republicans in Congress tend to speak at the lowest grade level, according to an analysis by the Sunlight Foundation. The analysis found that the more conservative a Republican was, the lower his or her speech level tended to be.
It was almost four years ago that Federal Reserve Board Chairman Ben Bernanke, Treasury Secretary Henry Paul Paulson and then New York Fed Bank President Timothy Geithner ran to Congress warning that the end of the world was near. They told members of Congress that the banks were drowning in bad debt and without a massive bailout they would soon be forced into bankruptcy. Congress quickly coughed up the money in the form of $700 billion in TARP loans. The Fed contributed trillions more.
A piece of news released by AP, the most important US news agency, dated today in Monterrey, Mexico, explains it with irrefutable clarity. This is not the first, and certainly it won’t be the last, about a reality that puts paid to the mountain of lies with which the United States intends to justify the inhuman destiny it reserves for the peoples of our America.
The paradox of such a city hosting this summit lays bare the brutal way in which inequality is globally maintained and locally replicated. On Friday morning in Brighton Park, a neighbourhood in southwest Chicago, around half a dozen Latina volunteers in luminous bibs patrolled the streets around Davis Elementary school. The school sits in the crossfire of three gangs; the Kings, the 2/6s and the SDs (Satan's Disciples). The trees and walls nearby are peppered with "tags" denoting territory and mourning fallen gang members. There is a shooting in the area every couple of weeks, explains Mariela Estrada of the Brighton Park Neighbourhood Council, which facilitates the volunteers.
The head of Greece's leftist party Syriza traveled to Paris on Monday to consolidate support from political allies for rejecting the radical austerity that is driving Greece to the brink of "collective suicide".
Presidential candidate Ron Paul swept the board at the Minnesota State convention this past weekend, winning 12 of the 13 delegates to the Republican National Convention and effectively taking complete control of the party in the state.
A candidate for Congress, running in California’s 2nd District, promised recently to smoke a marijuana cigarette on the steps of the U.S. capitol is he’s elected to office. It wouldn’t be the first time for 54-year-old Andy Caffrey (D), either. Appearing on the campaign trail last week, Caffrey lit up in public twice, according to The San Francisco Chronicle.
Citgroup's outgoing chairman Dick Parsons' career is the perfect example of how 1 percenters reward utter failure at the expense of the rest of us. Last month, shareholders finally rebelled against Citigroup, the worst of the Too Big To Fail bailout disasters, by filing a lawsuit against outgoing chairman Dick Parsons and handful of executives for stuffing their pockets while running the bank into the ground.
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