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America's Weak Jobs Report

December 21st, 2011

By Stephen Lendman

ABC News quoted an unnamed White House spokesperson, saying the November jobs report provides "further evidence that the economy is continuing to heal."

Obama's Chairman of the Council of Economic Advisers Alan Krueger hyped the 0.4% unemployment rate drop to 8.6%, "the lowest (figure) since March 2009." He didn't explain why. More on that below, including the real unreported employment rate.

The New York Times tried having it both ways. On December 2, Catherine Rampell's article headlined, "Jobless Rate Dips to Lowest Level in More Than 2 Years," saying:

"Somehow the American economy appears to be getting better, even as the rest of the world is looking worse."

She called it "good news for President Obama as he heads into the 2012 presidential election - especially since just a few months ago the picture looked bleak."

For America's 26 million unemployed, it never looked bleaker. It's reflected in what Bureau of Labor Statistics (BLS) figures and major media scoundrels don't report - the nation's near-23% unemployment rate (including millions wanting work but dropped out for lack of jobs), its highest since the Great Depression.

Full story »

Israeli Delegitimization

December 21st, 2011

by Stephen Lendman

Under the UN Charter, other international law, and principles of sovereign equality, all states are equal. None are more or less legitimate than others.

Under the 1933 Montevideo Convention on the Rights and Duties of States, Israel qualifies as one. It has:

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Growing Hunger and Homelessness in America

December 21st, 2011

by Stephen Lendman

Millions of Americans now endure protracted Depression conditions at a time half the population is either poor or low income. Long-term unemployment is unprecedented, and federal aid is being cut, not increased.

Two new reports highlight enormous depravation levels and human suffering, getting little or no major media attention. Many affected families used to be middle class. They're now low-income or impoverished by unemployment or spotty low-pay part-time work.

Most important is that much worse conditions are coming during America's greatest ever Depression to last years and devastate many more households than already.

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Money Power World Rule

December 20th, 2011

by Stephen Lendman

The late Georgetown University historian Carroll Quigley said in his book titled, "Tragedy and Hope:"

"(T)he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences."

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Obama Approves Draconian Police State Law

December 19th, 2011

by Stephen Lendman

Obama supports draconian FY 2012 National Defense Authorization Act provisions. Justification given is national security and war on terror hokum.

Henceforth, anyone anywhere, including US citizens, may be indefinitely held without charge or trial, based solely on suspicions, spurious allegations or none at all.

No reasonable proof is needed, just suspicions that those detained pose threats. Henceforth, indefinite detentions can follow mere membership (past or present) or support for suspect organizations.

Presidents now have unchecked dictatorial powers to arrest, interrogate and indefinitely detain law-abiding citizens if accused of potentially posing a threat.

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Europe in Disarray

December 19th, 2011

by Stephen Lendman

Europe's underpinnings can only hold so long. Years of entrapment under euro straightjacket rules means eventual dissolution and collapse.

Throwing more money at out-of-control debt problems buys delay only. Instead of swallowing painful solutions, EU leaders keep repeating the same mistakes, heading dire conditions to catastrophic ones.

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Newt Gingrich, Marianne and the Arms Dealer: A Buried FBI Investigation

December 18th, 2011

By Joseph Trento, on December 13th, 2011

National Security News Service | Creative Commons

On October 5, Sarkis Soghanalian, once the world’s largest private arms dealer, died at 82. He had sold weapons to scores of dictators including Saddam Hussein, and he took many secrets with him to his grave. But one secret he did not take involves Newt Gingrich when he was Speaker of the U.S. House of Representatives. DCBureau has learned that Gingrich was at the center of a U.S. Justice Department criminal investigation in the late 1990s for a scheme to shake down the arms dealer for a $10 million bribe in exchange for Gingrich using his influence as Speaker to get the Iraq arms embargo lifted so Soghanalian could collect $54 million from Saddam Hussein’s regime for weapons he had delivered during the Iran-Iraq War.

Soghanalian was an FBI informant and was responsible for launching one of the most sensitive and secret investigations in FBI history involving the former Speaker and his second wife. According to Marianne Gingrich, it took the direct intervention of then FBI Director Louis J. Freeh to "get the investigation called off." Freeh did not return emails and telephone calls for comment.

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THE WAY TO OCCUPY A BANK IS TO OWN ONE

December 18th, 2011

Ellen Brown

The campaign to "move your money" has gotten a groundswell of support. Having greater impact would be to "move our money" -- move our local government revenues out of Wall Street banks into our own publicly-owned banks.

Occupy Wall Street has been both criticized and applauded for not endorsing any official platform. But there are unofficial platforms, including one titled the 99% Declaration which calls for a "National General Assembly" to convene on July 4, 2012 in Philadelphia. The 99% Declaration seeks everything from reining in the corporate state to ending the Fed to eliminating censorship of the Internet. But none of these demands seems to go to the heart of what prompted Occupiers to camp out on Wall Street in the first place – a corrupt banking system that serves the 1% at the expense of the 99%. To redress that, we need a banking system that serves the 99%.

Occupy San Francisco has now endorsed a plan aimed at doing just that. In a December 1 Wall Street Journal article titled “Occupy Shocker: A Realistic, Actionable Idea,” David Weidner writes:

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Illegal FBI Spying on Community Groups

December 18th, 2011

by Stephen Lendman

On December 1, an ACLU of Northern California press release headlined, "FOIA Documents Show FBI Illegally Collecting Intelligence Under Guise of Community Outreach," saying:

"The trust that community outreach efforts aim to create is undermined when the FBI exploits these programs to gather intelligence on the very members of the religious and community organizations agents are meeting with."

"The FBI should be honest with community organizations about what information is being collected during meetings and purge any improperly collected information."

Instead, FBI agents illegally collected names, ID information, opinions of community event attendees, as well as sponsoring groups, including their goals, activities, names and positions of leaders, and their racial, ethnic, and national origin.

Full story »

Bankers Rule the World: "The Network of Global Corporate Control"

December 17th, 2011

by Stephen Lendman

Bankers rule the world. A new Swiss Federal Institute of Technology study says so. Written by Stefania Vitali, James Glattfelder and Stefano Battiston, it's titled "The network of global corporate control," saying:

"We find that transnational corporations from a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic 'super-entity' that raises new important issues both for researches and policy makers."

The study says 147 powerful companies control an inordinate amount of economic activity - about 40%. Among the top 50, 45 are financial firms. They include Barclays PLC (called most influential), JPMorgan Chase, UBS, and other familiar and less known names.

Twenty-four companies are US-based, followed by eight in Britain, five in France, four in Japan, and Germany, Switzerland, and the Netherlands with two each. Canada has one.

Full story »

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