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Message to President Obama and Americans with a Conscience

March 21st, 2010 7:08 AM   Print

eileen fleming

"There comes a time comes when silence is betrayal...History will have to record that the greatest tragedy of this period of social transition was not the strident clamor of the bad people, but the appalling silence of the good people...We are called to speak for the weak, for the voiceless, for victims...We will have to repent in this generation not merely for the hateful words and actions of the bad people but for the appalling silence of the good people...The ultimate measure of a man is not where he stands in moments of comfort, but where he stands at times of challenge and controversy...Cowardice asks the question: is it safe? Expediency asks the question: is it politic? Vanity asks the question: is it popular? But conscience asks the question: is it right? And there comes a time when one must take a position that is neither safe, nor politic, nor popular- but one must take it simply because it is right."-Reverend Martin Luther King Jr.

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Madoff in Jerusalem

March 21st, 2010 3:37 AM   Print

Gilad Atzmon

Zionism, at least in its early days was premised on the belief that once back in their ‘homeland’, Jews would mature into ethical beings. For early Zionists it was the Diaspora conditions that corrupted the Jews. Ber Borchov blamed it on the difference between ‘the socio-economic structure of the Jewish people’ and other nations (Ber Borochov- The Economic Development of the Jewish People 1917). Max Nordau repelled the “Jewish lack of notion of honour, morality, patriotism and idealism…." (Max Nordau - Address at the 1st Zionist Congress 1897).

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The Death of American Populism

March 20th, 2010 5:17 AM   Print

by Stephen Lendman

Ideologically it believes governments must provide for the greatest good for the greatest number of people. It opposes concentrated wealth, demagogy, and despotism, and supports democracy, human and civil rights, and social justice - an ideology the 19th century People's Party and 20th century Progressive Party endorsed without majorities.

Until recently, faint echoes remained, sadly silenced after Senator Bernie Sanders and sole House populist capitulated.

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Chris Dodd's wife and derivatives trading - "all in the family"

March 20th, 2010 12:35 AM   Print


by Michael Collins

It’s all in the family! Senator Chris Dodd writes a financial reform bill but forgets to regulate derivatives, “financial weapons of mass destruction.” Then we find out that his wife works for the owners of two exchanges that will very likely benefit from Dodd's “reform” legislation.

They make the rules. They take the money, all of it, and leave us with debt. And they tell us it’s all legal.

Here’s the story.

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America's "Houdini Recovery" under IMF-Type Austerity

March 19th, 2010 5:11 AM   Print

by Stephen Lendman

It's what economist David Rosenberg calls recovery given plenty of supportive evidence, including:

-- over five million homeowners behind on their mortgage payments;

-- at record levels, foreclosures are alarmingly high; moreover, "the foreclosure pipeline is enormous;"

-- "housing, the quintessential leading indicator," turning lower again in starts, sales and prices;

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Why We Reform

March 19th, 2010 12:59 AM   Print

By PAUL KRUGMAN

One way or another, the fate of health care reform is going to be decided in the next few days. If House Democratic leaders find 216 votes, reform will almost immediately become the law of the land. If they don’t, reform may well be put off for many years — possibly a decade or more.

So this seems like a good time to revisit the reasons we need this reform, imperfect as it is.

As it happens, Reuters published an investigative report this week that powerfully illustrates the vileness of our current system. The report concerns the insurer Fortis, now part of Assurant Health, which turns out to have had a systematic policy of revoking its clients’ policies when they got sick. In particular, according to the Reuters report, it targeted every single policyholder who contracted H.I.V., looking for any excuse, no matter how flimsy, for cancellation. In the case that brought all this to light, Assurant Health used an obviously misdated handwritten note by a nurse, who wrote “2001” instead of “2002,” to claim that the infection was a pre-existing condition that the client had failed to declare, and revoked his policy.

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Dodd's Dud

March 18th, 2010 10:32 PM   Print

Shocking! Dodd and the Senate forget to take care of the cause of the financial crisis - Credit Default Swaps.

By Robert Oak - Economic Populist Posted by Michael Collins

You may be wondering why you haven't seen a post overview on the latest Senator Dodd's Financial Reform Bill, Restoring American Financial Stability Act of 2010 (link has legislative summary and text). That's because, as usual, it's a dud.

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