Two weeks ago, the government put out a round estimate of the size of the oil leak in the Gulf of Mexico: 5,000 barrels a day. Repeated endlessly in news reports, it has become conventional wisdom. But scientists and environmental groups are raising sharp questions about that estimate, declaring that the leak must be far larger. They also criticize BP for refusing to use well-known scientific techniques that would give a more precise figure.
President Obama will not get the United States out of Iraq in his first term. If he wins a second term, it is highly unlikely he will get us out of Iraq before he finally leaves office. Print that out and tack it to your wall. Six years from now, it will still be hanging there, yellow and curled, but entirely correct. We're not going anywhere.
Spill? The corporate media continues to call the volcano of continuous gushing oil, in the Gulf, a spill. How insulting. A volcano that shoots out a million gallons of crude oil a week is hardly a spill. The common definition of a spill is the liquid that fell out of a container, a one time occurrence, not a massive flow that has no known end. An oil tanker can spill oil; but not Mother Earth, who has been and still is continuously gushing oil from 35,000 feet from within her bowels.
A Senate committee on Thursday approved another $33.5 billion for the wars in Afghanistan and Iraq this year, the first step toward congressional approval of the extra war spending that President Barack Obama requested in February to support his surge of 30,000 more U.S. troops into Afghanistan.
Paralyzed by the worst deficit in its history, the state has fallen months behind in paying what it owes to businesses and organizations, pushing some of them to the edge of bankruptcy.
Last weekend, European leaders and finance ministers agreed to a rescue package for the euro which inaugurates the most comprehensive offensive against the working class since the end of World War II. This offensive must be repulsed by the combined resistance of the European working class.
A primary reason Bush and Cheney succeeded in their radical erosion of core liberties is because they focused their assault on non-citizens with foreign-sounding names, casting the appearance that none of what they were doing would ever affect the average American. There were several exceptions to that tactic -- the due-process-free imprisonment of Americans Yaser Hamdi and Jose Padilla, the abuse of the "material witness" statute to detain American Muslims, the eavesdropping on Americans' communications without warrants -- but the vast bulk of the abuses were aimed at non-citizens. That is now clearly changing.
Alfalfa is the fourth largest crop grown in the United States and Monsanto wants to control it. On April 27, the Supreme Court heard arguments in a case that could well write the future of alfalfa production in our country. Kagan does not support a thorough study of GE seeds and their potential impact on environmental and human health. In doing so, Kagan has sided with conservative justices on the court who appeared skeptical that the lower courts had made the right decision in banning GE alfalfa
The amount of money the United States is spending on its war in Afghanistan has surpassed the cost of its war in Iraq for the first time. US taxpayers shelled out $6.7 billion for the Afghan war in February, the most recent month for which statistics are available, as opposed to $5.5 billion for the war in Iraq. The total cost for the two wars is now approaching $1 trillion.
The financial crisis has unveiled a new set of public villains—corrupt corporate capitalists who leveraged their connections in government for their own personal profit. During the Clinton and Bush administrations, many of these schemers were worshiped as geniuses, heroes or icons of American progress. But today we know these opportunists for what they are: Deregulatory hacks hellbent on making a profit at any cost. Without further ado, here are the 10 most corrupt capitalists in the U.S. economy.
When the Industrial Revolution began in Britain, in the late 1700s, there was lots of money to be made by investing in factories and mills, by opening up new markets, and by gaining control of sources of raw materials. The folks who had the most money to invest, however, were not so much in Britain but more in Holland. Holland was the leading Western power in the 1600s, and its bankers were the leading capitalists. In pursuit of profit, Dutch capital flowed to the British stock market, and thus the Dutch funded the rise of Britain, who subsequently eclipsed Holland both economically and geopolitically.
Now The Obama administration, with its too-close-for-comfort ties to Wall Street and its Federal Reserve-friendly appointees, has not exactly been in the forefront of fighting for consumers in the current wrangling over financial services reform.
Cornerstone Wealth Management CEO David Hefty agrees with a growing number of other financial experts that a real estate collapse in China before the end of the year will send shockwaves through the global economy, leading to a stock market collapse which will send the Dow into free fall below the 5,000 level.
House Republicans scored a rare legislative win Thursday. They forced Democrats to yank a science research and development bill off the floor.
High-ranking sources in the Israeli Foreign Ministry expressed displeasure with Turkey over deploying anti-aircraft batteries along the Syrian border in the Iskenderun district. The Turkish daily Hurriyet meanwhile, quoted a military source as saying that “this move aims at repelling a US or Israeli attack against Iran or Syria.” Obama adviser warns Russia against arms sale to Iran The United States has made it clear to Russia that delivering an anti-aircraft system to Iran would have severe consequences for U.S. ties with Moscow, a senior advisor to President Obama said Tuesday.
In a recent interview which I conducted with the brave Brazilian cartoonist Carlos Latuff, he told me that he has never seen a nation to be as strong and powerful as the Palestinian nation.
Sherri Davis, a science teacher at Jamie's House Charter School in Houston, backed 13-year-old Isaiah Johnson into a corner and began beating him while his classmates watched. Janiqua Johnson, one of Isaiah's classmates, filmed the attack on her mobile phone. In the footage, which has made its way onto the internet, Ms Davis can be seen dragging Isaiah across the floor before kicking and slapping him.
Documents suggest BP, Transocean and Halliburton ignored tests indicating faulty safety equipment, says committee, BP was aware of equipment problems aboard the Deepwater Horizon rig hours before the explosion pumped millions of gallons of oil into the Gulf of Mexico, a congressional hearing was told yesterday .
BP's video footage of Gulf oil spill from Deepwater Horizon drilling rig After considerable pressure from the media and government agencies, BP tonight finally released a brief video showing for the first time the gushing stream of oil and gas leaking from the Deepwater Horizon oil rig into the Gulf of Mexico.
CIUDAD BOLIVAR, Colombia, May 13, 2010 (IPS) - More than 380 families -- some 2,000 people -- in this vast working-class district on the fringes of the Colombian capital that is home to hundreds of thousands of people displaced by the armed conflict are to be relocated after landslides caused by leaking water pipes. The effects of the leaks in the pipes carrying water to the more solidly built homes in the area were compounded by unexpected heavy rains that cut short a drought caused by the El Niño weather phenomenon, which was forecast to last until August.
In the 11 May issue of CounterPunch, apparently based on White House and Pentagon sources, Gareth Porter, one of the most able journalists covering the Afghan debacle, reported that General McChrystal’s war plan is in the early stages of unravelling. To appreciate why this was entirely predictable, consider please, the following
Earlier we noted that the Austrian mint was on its way to depleting its gold reserves following "panicked buying" from Europeans, who now openly fear the demise of their currency. Now, courtesy of Slim Beleggen, we understand that the situation in the silver market is just as bad and has also spilled over to Germany: the contagion is no longer one of sovereign debt, but of precious metal physical inventory.
Today marks the twenty-fifth anniversary of a massive police operation in Philadelphia that culminated in the helicopter bombing of the headquarters of a radical group known as MOVE. The fire from the attack killed six adults and five children and destroyed sixty-five homes. Despite two grand jury investigations and a commission finding that top officials were grossly negligent, no one from city government was criminally charged. MOVE was a Philadelphia-based radical movement that was dedicated to black liberation and a back-to-nature lifestyle. It was founded by John Africa, and all its members took on the surname Africa. We hear from Mumia Abu-Jamal and speak with Ramona Africa, the only adult survivor of the bombing. [includes rush transcript]
On Tuesday, the US senate began hearings into the Deepwater Horizon disaster, which took the lives of 11 workers in an April 20 explosion and has since poured millions of gallons of oil into the Gulf of Mexico, threatening the region with an environmental and economic catastrophe.
This lecture was delivered at San Diego State University on April 29. It was the eighth in a series entitled "Killing for a higher cause: Political violence in a world in crisis" sponsored by the Institute on World Affairs within the Political Science Department of the San Diego State University.
As thousands of gallons of oil continue to spew daily from a damaged well in the Gulf of Mexico, representatives from BP, Transocean and Halliburton were grilled by lawmakers in back-to-back hearings on Capitol Hill Tuesday. Industry executives from all three corporations began with prepared testimony that involved blaming each other for the explosion and deflecting responsibility for the unfolding environmental and economic disaster. We air excerpts and speak with marine biologist Rick Steiner. For the past week he has been working at the site of the oil spill and on the Louisiana coast, where he collected several samples of the oil washing up ashore. [includes rush transcript]
A golden opportunity is bubbling up beneath that undersea volcano of oil spewing thousands of gallons per day into the Gulf of Mexico. We have a chance to truly move our country, as BP says in its ad campaigns, "beyond petroleum." Despite the spill's devastation, President Barack Obama continues to claim we must push forward with more offshore drilling - albeit with stronger safeguards - if we want to increase our energy security.
The price of cheddar is going to go up by 10% over the next six months. This is quite a rare food story, now, in terms of price rises: it's localised; it pertains directly to British weather conditions (too wet – cows don't like it); it feels containable, finite. This makes it a marked contrast to the general run of agricultural stories, which foretell total disaster.
Detroit - Once a 20th century industrial dynamo, now an 18th century rural society? Pheasants and deer wander among the rusting towers and ruined factories as nature reclaims this mighty American metropolis. Even more shocking: there is not a single supermarket in all of Detroit. In this episode, the remaining citizens of Detroit are turning this industrial wasteland... into a life giving urban garden.
In a wide-ranging video interview with Truthout, former CIA counterterrorism official John Kiriakou reveals new information about the capture and torture of "high-value" detainee Abu Zubaydah and discloses, for the first time, his role in the events that led to the leak of covert CIA operative Valerie Plame.
For some, the Federal Reserve is the right place to house any new regulatory powers contained in financial reform legislation. For others, the Fed is at the center of all that ails us. In fact, over 95,000 have signed a petition at auditthefed.com.
(Based on classified documents from the Jewish Agency and its affiliated organizations seized by the British Mandate Police, materials that confirm that the Zionist controlled Jewish community intended to remove the Arab inhabitants of Palestine from their land and make the whole of Mandate Palestine a Jewish State, an intent that continues to the present day as the new book, The Plight of the Palestinians: a Long History of Destruction, available at Macmillan.com, demonstrates.)
The journalist who helped break the story that detainees at the Abu Ghraib prison in Iraq were being tortured by their US jailers told an audience at a journalism conference last month that American soldiers are now executing prisoners in Afghanistan.
If senior journalist David Goldman is right, the correct word for describing the way a growing number of US Jews feel about President Barack Obama is not 'anger' but 'rage' – white-hot rage, at that, and a conviction that they have been swindled.
To the greatest significance of all of these things, and with yet again the mysterious date of December 21, 2012 being linked with strange occurrences, it can be said that as our World is now being warned by scientists that we’re on the brink of a biological disaster due to the catastrophic loss of bees, and as the United Nations has just warned that our Earth’s natural support systems are on the verge of collapsing, and as vital plankton populations are reported disappearing from our oceans, the sighting of a gray whale off the coast of Israel this week that has stunned scientists because none have appeared there for hundreds of years, may be showing us all that the time to move is now.
The Israeli Navy is conducting heavy training for an operati... The Israeli Navy is conducting heavy training for an operation to capture the eight vessels that are expected to enter into Gaza in the twenty-fourth of this month and called it the "fleet of Freedom", within the Free Gaza Movement and the European campaign to break the siege on Gaza. According to their plan, the unit of marine commandos will try to prevent ships and control them, in implementation of the Israeli decision.
A TV communications satellite is drifting out of control thousands of miles above the Earth, threatening to wander into another satellite's orbit and interfere with cable programming across the United States.
Procter & Gamble may have to put the second half of its name in bold in the future or maybe add an exclamation point. Cowboy capitalism threw a lasso around the staid 173 year old household products company on black Thursday, shaving some $62 billion off its market cap at the low point in trading.
The Office of National Drug Control Policy (ONDCP) today announced its 2010 national drug control strategy. The strategy, while increasing resources for treatment and prevention, raises concerns by continuing the government’s focus on enforcement of current policies that are ineffective, costly and potentially threatening to civil liberties.
WASHINGTON (Reuters) - The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.
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