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WHO WILL PAY, WALL STREET OR MAIN STREET – THE TOBIN TAX OR THE VAT?
Ellen Brown
Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Instead, they are engaged in a class war, insisting that the squeezed middle class be even further squeezed to balance over-stressed government budgets. All the perks are going to Wall Street, while Main Street slips into debt slavery. Wall Street needs to be made to pay its fair share, but how?
The financial reform bill agreed to on June 25 may have carved out some protections for consumers, but for Goldman Sachs and the derivatives lobby, the bill was a clear win, leaving the Wall Street gambling business intact. In a June 25 Newsweek article titled “Financial Reform Makes Biggest Banks Stronger,” Michael Hirsh wrote that the bill “effectively anoints the existing banking elite. The bill makes it likely that they will be the future giants of banking as well.”
Lebanon wins economically if Palestinians are granted the right to work
"What's in it for my Confession-and how about me?"
Part VI of a series
Franklin Lamb
Shatila Palestinian Refugee Camp
"These are humanitarian, social and ethical duties, and the Lebanese state must assume the responsibility of providing them to our Palestinian brothers and sisters. Lebanon will not dodge these duties, which must be crystal-clear, and not be subject to any misinterpretation. The international community has to bear also the responsibility that our Palestinian guests will have the right to go back to their homeland: Palestine, with Jerusalem as their capital."
Prime Minister Saad Hariri during the Lebanese-Palestinian Dialogue Committee (LPDC) meeting at the Grand Serail, June 29, 2010
UPDATE:
What's a capitalist to do?
AIG's Joe Cassano - An American Tragedy
By Numerian Posted by Michael Collins
What’s a capitalist to do when he loses $500 billion and almost single-handedly destroys the global economy? In Japan you would bow deeply in public and express the deepest possible remorse and shame, that is if you already had not committed seppuku. In America, where the Ayn Rand ethos of objectivism reigns supreme, you weasel your way out of any explanation or regret, while riding off in the sunset with your undeserved fortune.
Joe Cassano, former CEO of AIG Financial Products, could have chosen the Ronald Reagan Alzheimers defense: “I have forgotten everything that happened.” That was the route taken by AIG Chief Risk Officer Robert Lewis, when he along with Cassano appeared yesterday before the Financial Crisis Inquiry Commission. Lewis, unlike Reagan, had to act like he actually had Alzheimers to make this defense plausible.
War in Afghanistan: Illegal, Untenable and Unwinnable
by Stephen Lendman
A May 30 Delaware County Times editorial headlined, "Is US fighting unwinnable war in Afghanistan" asking:
"Why should America (believe) it can (accomplish what the) Soviet Union (and) Britain couldn't....? Public sentiment against it is growing, and "Many pundits say the war....can never be won militarily...." How many more "US service member" deaths are tolerable?
Prof William O. Beeman: Iranians deny the arrogant literature of the west
By Kourosh Ziabari
Prof. William O. Beeman
Prof. William O. Beeman is the head of anthropology department at the University of Minnesota. His inimitable and independent approach toward the current affairs of Iran, one of the most controversial countries of the world, resembles the attitude of Noam Chomsky in terms of perspective and mindset and has cost him his reputation, professional credit.
Regrettably, he was insulted and attacked by a number of American mainstream media and fanatic neoconservatives over the past years and even his academic colleagues blamed him for what they considered to be his support for the main pivot of the ¡°axis of evil¡±.
Prof. Beeman who speaks the Persian language fluently believes that Iranian people should not be treated with disdain and arrogance since their ancient superiority and historical backgrounds causes them to be resistant toward the hostile rhetoric and inimical literature.
Credo Mutwa on Barack Obama
Credo Mutwa
The Zulu shaman, or sanusi, Credo Mutwa, has written a poem to express his thoughts on what he sees as the true nature of Barack Obama and the agenda for Africa and the world that he represents.
"An actor walks upon the floodlit stage of life
wearing a mask of an angel beneath a demon's gown.
Pretence smiles upon the crowded hall of life
holding out hope as bright as it is false.
Son of a woman in whose veins flows the blood
of ancient Ireland and dark Africa's plains.
You are Obama, nick-named the standing king
You are Barack, oh, son born to deceive
The suffering hoards of Africa look up to you,
See a black saviour where nought but a Judas strides.
An entrapper of nations, bringer of dismal war
The End of Oil, and Government
by Jan Lundberg
The unsustainable U.S. economy and coast-to-coast consumer society that uses more oil than any other nation will keep up its energy gluttony until supplies finally give out.
Because oil is the most critical part of our energy mix, and it supplies critical materials and chemicals besides fuels, a sudden, crippling oil shortage can paralyze most of the work, commerce and law enforcement going on in this country. Activities such as driving to church or to the beach to clean oil off dying birds will also mostly cease virtually overnight.
State Terror, Israeli Style
by Stephen Lendman
Ongoing since its May 14, 1948 "Declaration of Independence," Israel systematically reigned terror against Palestinians and neighboring states, always claiming self-defense - bogus then, bogus now, historian Ilan Pappe describing Israel as a "settler Prussian state: a combination of colonialist policies....manifested in the dominance of the army over political, cultural and economic life," then adding:
"You probably have to be born in Israel, as I was, and go through the whole process of socialisation (sic) and education - including serving in the army - to grasp the power of this militarist mentality and its dire consequences. And you need such a background to understand why the whole premise on which the international community's approach to the Middle East is based, is utterly and disastrously wrong," so much so that Israel is slowly self-destructing, preventable only by an entirely new mindset.
Death Squad Terror in Honduras
by Stephen Lendman
On June 28, 2009, while he slept, dozens of Honduran soldiers stormed President Manuel Zelaya's residence, arrested him at gunpoint, and exiled him to Costa Rica, in violation of the 1982 Constitution, stating:
"No Honduran may be expatriated nor delivered by the authorities to a foreign state," nor may a democratically elected leader be deposed, evidence showing Washington's involvement and support, coordination handled by US Ambassador Hugo Llorens and Thomas Shannon, Jr., current US Ambassador to Brazil, then Assistant Secretary of State for Western Hemisphere Affairs.
Court Vacates Siegelman Charges, As Kagan and DOJ Team Lose
By Andrew Kreig
Huffington Post, June 29
Posted by Michael Collins
"As a start in redressing the nation's most notorious political prosecution, the Supreme Court today released its decision vacating federal corruption convictions of former Alabama Gov. Don Siegelman and co-defendant businessman Richard Scrushy
"The court remanded their Alabama convictions to the Eleventh Circuit U.S. Court of Appeals in Atlanta despite arguments last November by Solicitor General Elena Kagan that their convictions should stand."
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