Plans ramp up for Oct 6 DC rally
by Real News Network
on August 28, 2011
On the Real News Network: activists are planning an October 6th protest in Washington DC to end war spending.
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CommonDreams: First Federal Reserve Audit Reveals Trillions in Secret Bailouts
by Matthew Cardinale via CommonDreams
on August 28, 2011
The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations.
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CommonDreams: President Obama's Job Creation Mirage
by Dean Baker via CommonDreams
on August 28, 2011
We've heard plenty about Obama's post Labor Day job creation speech, but will it contain anything that might actually work?
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Letter to Super Committee: $1.8 Trillion in Savings
by Congresswoman Lynn Woolsey
on August 23, 2011
Lynn Woolsey calls on her collegues to co-sign a letter to the new budget "super-committee" to cut war spending to generate required savings. It reads, "To generate much-needed savings, we strongly urge you to examine the costs of the ongoing wars in Afghanistan and Iraq. To date, the wars have cost our taxpayers at least $2.3 trillion, with an additional $884 billion in future costs for veterans and their families. This adds up to a total of at least $3.2 trillion. By ending the wars and paying for a safe, orderly, and responsible redeployment of troops from both Afghanistan and Iraq, we can go a long way toward meeting our fiscal challenges."
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The Story of Citizens' United
by The Story of Stuff Project
on August 23, 2011
The Story of Stuff has a new video - Citizens' United vs. FEC. A must watch history.
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Real News Network: Should banks be a Public Utility?
by Real News Network
on August 22, 2011
Yves Smith: Finance sector controls the regulatory process - there needs to be a publicly controlled alternative to the private banking system.
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Congresswoman Maxine Waters takes on the Tea Party
by Mediaite
on August 21, 2011
Video: Congresswoman Maxine Waters tells a crowd of 1000, "As far as I'm concerned, the tea party can go straight to hell."
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Truthout: Getting What You Pay For: Super Committee’s Super-Close Ties to Banking & Finance
by Lynn Parramore, New Deal 2.0 | Op-Ed via Truthout
on August 18, 2011
Quelle surprise! Bankers and financiers will be sitting pretty when the “Super Committee” decides where spending gets slashed over the next decade.
This just in: The folks at Maplight have released some disturbing numbers on who has been the most generous to the 12 members of the newly-formed Joint Select Committee on Deficit Reduction, fondly known as the “Super Committee.”
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Kucinich: Time for White House to Get Real on Jobs; August not September
by Dennis Kucenich
on August 18, 2011
“Does the White House Have a Real Jobs Program or are They Just Making This Up as They Go Along?”
Washington D.C. (August 18, 2011) – Congressman Dennis Kucinich (D-OH) today called upon the White House to ‘get real’ on jobs and not wait until September to announce plans to get America working again. Kucinich’s statement comes as President Obama wraps up a Midwestern ‘jobs tour’ that lacked specific proposals, but included a push for the passage of free trade agreements. Aides to the President Obama have stated the President will deliver a ‘major address’ in September, after Labor Day.
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Truthout: Deficits, Debts and Deepening Crisis
by Richard Wolff via Truthout
on August 18, 2011
Standard & Poor's downgrades US debt, stock markets gyrate around the world, Sarkozy and Merkel perform yet another empty summit, the Chinese and Japanese economies look worrisome. Serious commentators worry about global recession, another global banking collapse, eurozone dissolution and austerity programs that only make matters worse. Nouriel Roubini, famed professor at NYU's Stern School of Business asks this month, "Is Capitalism Doomed?" His answer: maybe.
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