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Congress Must Not Wait-The Chance to Restore Glass-Steagall Is Now

June 18th, 2017

by Nancy Spannaus

June 16, 2017-Eighty-four years ago today, President Franklin Roosevelt capped off a marathon 100-day session of Congress with the signing of the Glass-Steagall Banking Bill. That bill, which was actively promoted by some powerful Wall Street bankers as well as the general public, was specifically aimed at providing for "the safer and more effective use of the assets of banks to regulate interbank control, [and to] prevent the undue diversion of funds into speculative operations." It worked to prevent a systemic banking crisis for 66 years, until a bipartisan Congressional majority overturned its major features in 1999.

Ten years after the devastating Crash of 2007-8, the time is overripe for reinstituting this key element of a sound banking system. All the signs of a new major debt implosion are available to those willing to face facts, and a broad base of support for taking action to protect the commercial banking system from the collapse of the speculative bubble has been built up. That base includes big bankers, labor unions, academics, and others. This support even resulted in the inclusion of planks for Glass-Steagall in both the Democratic Party and Republican Party platforms for the 2016 Presidential election.

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Killer Cops in America

June 18th, 2017

Stephen Lendman

Getting away with murder in America is simple. Become a cop. Wear a badge. Carry a gun.

Repeatedly nationwide, in large and small cities, urban and rural communities, killer cops routinely get away with murder. Rare exceptions prove the rule.

Inner city minority communities are virtual war zones. Police kill over 1,000 victims annually, mostly Black and Latino male youths.

On July 6, 2016, Falcon Heights, MN police officer Jeronimo Yanez fatally shot Philadro Castile after pulling him over for “driving while Black,” according to his mother. Over a 13-year period, he was stopped by police at least 49 times over nothing or at most infractions too minor to matter - targeted for his race, not wrongdoing.

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Latin America in Search of an Alternative

June 17th, 2017

James Petras

“You can’t build socialism with dollar signs in your eyes”

Fidel Castro

Introduction

Many experts and commentators describe the political process in Latin America as one of ‘alternating right and left governments’. Journalists focus on the abrupt regime changes from democratic to authoritarian; from neo-liberal to progressive programs; and from oligarchs to populists.

The financial media present the ‘right’s’ socially regressive policies and strategies as ‘reforms’, a euphemism for the re-concentration of wealth, profits and property into the hands of foreign and domestic oligarchs.

Leftwing intellectuals and journalists paint an image of socio-economic transformations under Latin America’s ‘left’ regimes where ‘the people’ take power, income is redistributed and growth flourishes.

The rise and demise of left and right regimes are typically attributed to ‘economic mismanagement, social crisis, political manipulation and erroneous strategic policies’.

Orthodox economists, under the presumption that greater profits ‘create’ the foundation for long-term stability and growth, prescribe a series of ‘structural reforms’. ‘Structures’ refer to measures and institutions, which strengthen the organization of the governing elite and their socio-economic backers.

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Media Disinformation on Monday Russian Street Protests

June 16th, 2017

Stephen Lendman

Relatively small numbers turned out, a few thousand in Moscow, many fewer in most other Russian cities.

CBS News erroneously said “tens of thousands” protested Monday on Russian streets. Other media hype was similar.

Reuters headlined “Anti-Kremlin protesters fill Russian streets, Putin critic Navalny jailed.” More on him below.

The neocon/CIA-connected Washington Post published a photo, showing police restraining a youthful protester on the ground, a few comments alone discussing it, no article. CNN headlined “Russia’s anti-corruption protests explained” - explaining nothing, anti-Russian propaganda substituting for legitimate commentary.

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America’s Forever War Strategy

June 16th, 2017

Stephen Lendman

America is unique among history’s warrior states - prioritizing endless wars, not ending them to achieve a new era of peace and stability.

The notion is anathema to the nation’s military, industrial, and scoundrel media establishment. Wars are waged for power and profits, no other reasons.

All post-WW II US wars were and continue to be acts of naked aggression against nations threatening no one - raping and destroying them, the human cost incalculable, the villainy unprecedented.

Throughout its history, America has been perpetually at war at home and/or abroad, never a time of peace and stability - a shocking indictment of its abhorrent agenda, the nation a democracy in name only.

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Corbyn Teaches To Embrace Change We Need

June 16th, 2017

Kevin Zeese and Margaret Flowers

The shocking election result in the United Kingdom – the Conservatives losing their majority and the creation of a hung Parliament; and Jeremy Corbyn being more successful than any recent Labor candidate – cutting a 20 point Theresa May lead down to a near tie – gives hope to many that the global shift to the right, fueled by the failures of governments to meet the basic needs of their population and growing economic insecurity, may be ending.

Corbyn is a lifelong activist whose message and actions have been consistent. He presented a platform directed at ending austerity and the wealth divide and was openly anti-war. There are a lot of lessons for the Labor Party in the UK from this election but there are also lessons for people in the United States. We review what happened and consider the possibilities for creating transformative change in the United States.

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Putin’s Annual Marathon Press Conference

June 15th, 2017

Stephen Lendman

Annually he spends hours answering questions submitted in advance, by categories from millions submitted worldwide, focusing on vital issues - a candidly forthright tour de force unmatched by any Western leaders, notably no US one.

Commenting on Russia’s economy, Putin was upbeat, saying recession ended, growth resumed, GDP “rising for three quarters in a row.”

He’s taking measures to improve living standards for poor Russians, still suffering from Boris Yeltsin’s post-Soviet neoliberal shock therapy, aided by recession conditions now easing.

He called anti-Russian sanctions beneficial, enabling the country to become more self-reliant and self-sufficient, along developing stronger ties with China and other countries.

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Uninvited US Special Forces in the Philippines

June 15th, 2017

Stephen Lendman

Washington claiming they’re aiding the Philippine military combat ISIS in the southern city of Marawi belies US support for the terror group - its fighters serving its imperial interests.

What’s going on? Philippine President Rodrigo Duterte said his government requested no US military aid. He “never approached America,” for help, he stressed.

He didn’t know about the presence of US special forces in Marawi “until they arrived,” he explained.

Were they deployed to aid ISIS against his government? Is there a US plot to oust him?Washington is displeased with his outreach to China and Russia, saying he intends building “new alliances.”

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Deplorable NYT Lying About Russia

June 13th, 2017

Stephen Lendman

Despite no evidence of Russian interference in last year’s US presidential election, America’s intelligence community and supportive media scoundrels keep repeating the Big Lie - including the NYT, a longstanding press agent for wealth, power and privilege.

A weekend op-ed asked “Is Putin getting what he wanted with Trump?” It quoted Comey’s Big Lie when asked during his Senate Intelligence Committee testimony if he had any doubt about Russian interference.

“None,” he responded, adding Moscow “did it with purpose. They did it with sophistication. They did it with overwhelming technical efforts. They will be back. They are coming after America.”

What he left unsaid is not a shred of evidence supports his accusation, or anyone else’s in Washington, or any scoundrel media reports repeating it.

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How I know that the Sauds did the 9/11 attacks

June 13th, 2017

Eric Zuesse

As a historian, I recognize that everything we know about history is from sources, and depends upon the reliability of those sources. Here, my main sources will be identified, and linked-to, so that any reader online can go directly to them, and won’t need to rely upon me but can go directly to the sources and evaluate them (my evidence) on one’s own.

First of all, however, reference will be made here to the three main countries (other than Afghanistan, which America first invaded for having allegedly perpetrated 9/11; and Iraq, which we next invaded for having allegedly perpetrated it) that have been accused, at different times, for allegedly having done those attacks; and anyone who wants to see my main previous article on each of the following three country’s involvement or non-involvement in the 9/11 attacks, can access that presentation simply by clicking onto the respective link here for that given country:

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