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By Tiffiny Cheng, David DeGraw, and Kevin Zeese, ProsperityAgenda.US
The next few weeks will culminate into a defining moment in American history and lay the course for our economic future. After two years of being asleep at the switch, Congress is finally stepping up and taking action on financial reform. The resulting bill will be a clear indication and definitive proof as to who is actually running our country. Will it reinforce the dominance of the Wall Street elite, or will it mark a rebirth of the rule of law and economic prosperity for millions of Americans who have seen their standard of living decline?
The early indications are ominous, two of the most crucial aspects of true reform have already been dealt a severe blow. The amendment to break up the “too big to fail” banks has been voted down, and the amendment to audit the Federal Reserve has been gutted of important provisions.
We cannot just sit back and let politicians, who are overly influenced by campaign funding and lobbying activities on the part of the big banks who have plunged us into this crisis, decide our future without us. Our passive unwillingness to stand up for our own rights is part of the reason we are in this crisis to begin with. Right now is the most pivotal time for us to make our voice heard.
by Stephen Lendman
On May 8, Haaretz Service and Reuters headlined, "PLO executive committee approves new peace talks with Israel," saying:
"The Palestinian Authority on Saturday got the green light to restart peace talks with Israel after the PLO's executive voted to approve indirect negotiations," excluding Hamas - the legitimate government after Palestinians overwhelmingly elected them in January 2006. Instead, coup d'etat leader (whose presidential term expired in January 2009) Mahmoud Abbas and Israeli Prime Minister Benjamin Netanyahu will participate, PLO spokesperson Yasser Abed Rabbo saying that "negotiations will take one form: shuttling between President Abu Mazen (Abbas) and the Israeli Prime Minister Netanyahu." Talks have now begun.
By Robert Singer
I have four border collies waiting for me to start the day; they don’t care if it’s raining.
Here they are waiting for me in their 4-wheel drive kennel to entertain them.
by Stephen Lendman
Much about the New York bomb incident is worrisome, besides the media already pronouncing sentence, biasing future jurors to convict or face the wrath of public opinion, their communities, friends and even family. As a result, Faisal Shahzad doesn't stand a chance, guilty or innocent, regardless of his alleged confession and the plausibility that he was set up - used as a convenient dupe with his device rigged not to go off but to emit smoke to be found. Why not given America's history of using false flag incidents for political advantage.
Again, the possibility is real, given the incident's similarity to the Christmas 2009 airline one involving Umar Farouk Abdulmutallab. He was also used as a convenient dupe, his explosive device no more powerful than a firecracker.
by Deanna Spingola
David Rockefeller said, "All we need is the right major crisis and the nations will accept the New World Order." Rahm Emanuel said, "You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before." In the Project for a New American Century document Rebuilding America's Defenses: Strategy, Forces and Resources for a New Century we find the following: "Further, the process of transformation, even if it brings revolutionary change, is likely to be a long one, absent some catastrophic and catalyzing event – like a new Pearl Harbor." 1
Mary Shaw
Conservative American white men are terribly afraid these days. And rightly so.
They are finally starting to lose their power.
First of all, May 9, 2010, marked the 50th anniversary of the birth control pill. On that date in 1960, the pill was approved for use in the U.S. by the Federal Drug Administration. And American women finally had control over our reproductive lives.
It was a turning point, to be sure.
Garda Ghista
I was in Hyderabad, India, from May through December, 2009. I returned to the US for January through March, and by April 2nd was again back here in Hyderabad.
I spent the last ten years studying - getting a degree in journalism and following that up with an MA in Integrative Studies. I wrote many articles and essays, wrote two books, and organized a national conference. I came to Hyderabad to organize the second conference.
But, something happened along the way. One Sunday morning in September 2009, my son and I decided to cook imli rice (rice made with tamarind pulp and other good things like sesame seeds, peanuts, green chilies, coconut) and take it to a nearby slum and distribute. We cooked for about six hours on one small stove on the floor of our kitchen here in Hyderabad. We never did get a "gas connection" which would have allowed us to get the regular two-burner gas stove used here in India.
By Numerian
“Where are Margaret Thatcher and Ronald Reagan when you need them?” So lamented CNBC business commentator Larry Kudlow yesterday in response to riots in Greece over proposed financial cutbacks. Greek protesters, numbering over 10,000, shut down commerce, took over the Acropolis – Athens’ ancient birthplace of democracy - and firebombed office buildings and police stations. Three employees died of smoke inhalation in a fire at a bank – the first deaths in a Greek protest since 1991.
Kudlow asserted that these riots were the work of the unions, and what Greece needed was a tough guy in the mold of Thatcher or Reagan who would stand up to the unions. Public sector unions are certainly at the forefront in organizing these protests, but Greek authorities say that the violence is being perpetrated by “anarchists” – youth in their 20s who show up at a protest scene dressed all in black, with black hoods or masks, and who then begin to throw stones at the police and Molotov cocktails at bank buildings.
Ellen Brown
Last week, Goldman Sachs was on the congressional hot seat, grilled for fraud in its sale of complicated financial products called “synthetic CDOs.” This week the heat was off, as all eyes turned to the attack of the shorts on Greek sovereign debt and the dire threat of a sovereign Greek default. By Thursday, Goldman’s fraud had slipped from the headlines and Congress had been cowed into throwing in the towel on its campaign to break up the too-big-to-fail banks.
On Friday, Goldman was in settlement talks with the SEC.
Goldman and Wall Street reign. Congress appears helpless to discipline the big banks, just as the European Central Bank appears helpless to prevent the collapse of the European Union. . . . Or are they?
Sancho E. Jones
Just Because the Vatican Doesn't Hold the Clergy Responsible, Doesn't Mean the Membership Won't
After centuries of torture, genocide and even siding with Nazi Germany, why would the abuse scandal result in the Catholic Church forcing Pope Benedict XVI to step down? Why weren't other more heinous acts punished?
This time, there is going to be hell to pay.
It isn't that the Vatican finds priests raping children to be particularly troublesome, or violating the sanctity of the confessional to be worthy of punishment, even breaking the law isn't of much concern. It will be something more fundamental that will bring down the former Cardinal Joseph Ratzinger.
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