People’s Budget offers sound alternative to Ryan’s plan

The Congressional Progressive Caucus today released a budget proposal titled the People’s Budget, which puts forth a credible, deficit-reducing alternative to the Republican plan proposed by Representative Paul Ryan. This proposal by the Progressive Caucus is a welcome addition to the budget debate.

The Economic Policy Institute has analyzed and scored the specific policy proposals in the People’s Budget and modeled their cumulative impact on the federal budget over the next decade. Our analysis finds that the People’s Budget would balance the federal budget within a decade and place debt held by the public on a sustainable trajectory. Specifically, the budget would move to a surplus of $30.7 billion (0.1% of gross domestic product) in 2021, and debt as a share of the economy would trend downward to 64.1% of GDP in that year. The budget would reduce deficits by $5.6 trillion over the next decade relative to the CBO baseline (adjusted for current policies regarding the “doc fix” and a patch to the Alternative Minimum Tax).

Starship Amerika

By Juan Cole

President Barack Obama is actually siding with police who want to use GPS devices to track you without a warrant. It always disturbed me when on “Star Trek” the captain asked the ship’s computer where a crew member was and was told the person’s exact location. Even the ship’s physician and empathy counselor were not immune from these inquiries, the answers to which could after all sometimes have been embarrassing. Is America heading toward being one big star ship, where government officials can casually inquire at will into our whereabouts and private doings?

Among the many elements of the Obama administration that have disappointed civil libertarians is its interest in spying on Americans. The Bush administration had instituted massive warrantless wiretapping and gathering of telephone records, with the complicity of most telecom corporations. Those who care about the Bill of Rights had hoped that Eric Holder’s Department of Justice would take a stand for the Fourth Amendment, which should be on the endangered species list along with the golden tree frog and the St. Helena dragonet.

Workers Are Never Required to Join Unions

Friday, 22 April 2011 05:18

The NYT wrongly told readers that a bill approved by the New Hampshire legislature would, "disallow collective bargaining agreements that require employees to join a labor union." It is already the case that collective bargaining agreements cannot require employees to join a labor union.

Under current New Hampshire law, collective bargaining agreements can require workers to pay representation fees to a union. National labor law requires that a union represent all workers who are in a bargaining unit regardless of whether or not they opt to join the union.

Is S&P’s Deficit Warning On Target?

By Simon Johnson

On Monday Standard & Poor’s announced that its credit rating for the United States was “affirmed” at AAA (the highest level possible), but that it was revising the outlook for this rating to “negative” – in this context specifically meaning “that we could lower our long-term rating on the U.S. within two years” (p.5 of the report). This news temporarily roiled equity markets around the world, although the bond markets largely shrugged it off.

While S&P’s statement generated considerable media attention, the economics behind their thinking is highly questionable – although, given the random nature of American politics, even this intervention may still end up having a constructive impact on the thinking of both the right and the left.

New Details on Wisconsin Supreme Court 'Recount,' Waukesha County Clerk Investigation

Kloppenburg filing for special investigator alleges Prosser met privately with Walker on night after election, Nickolaus may have committed felonies

Both camps agree to hand counts in parts of 31 counties...

Posted By Brad Friedman On 22nd April 2011 @ 02:47 In Election Irregularities, Fox "News", Wisconsin, Election 2011, WI Supreme Court Election | 32 Comments

On Wednesday, Wisconsin's Asst. Attorney General JoAnne Kloppenburg announced ^[1] that she will be exercising her right to file for a statewide "recount" following the April 5th election for state Supreme Court against the incumbent Justice David Prosser. She also said that she intended to ask for a special investigator to be named to look into a number of still-unanswered questions about election results that were misreported by Waukesha County's Clerk Kathy Nickolaus, a former employee of Prosser's when both served in the state's Assembly Republican Caucus.

Kloppenburg's complaints have now been filed, and The BRAD BLOG ^[2] has been reviewing both them, and several additional points of note since yesterday's dramatic presser, in advance of the count which is scheduled to begin next Wednesday, April 27, according to the WI Government Accountability Board ^[3] (G.A.B.), the state's top election agency.

Paul Krugman: Patients Are Not Consumers

Earlier this week, The Times reported on Congressional backlash against the Independent Payment Advisory Board, a key part of efforts to rein in health care costs. This backlash was predictable; it is also profoundly irresponsible, as I’ll explain in a minute.

But something else struck me as I looked at Republican arguments against the board, which hinge on the notion that what we really need to do, as the House budget proposal put it, is to “make government health care programs more responsive to consumer choice.”

Here’s my question: How did it become normal, or for that matter even acceptable, to refer to medical patients as “consumers”? The relationship between patient and doctor used to be considered something special, almost sacred. Now politicians and supposed reformers talk about the act of receiving care as if it were no different from a commercial transaction, like buying a car — and their only complaint is that it isn’t commercial enough.

What has gone wrong with us?

Big Finance Is a Monster That's Consuming Our Economic Security

By Les Leopold, AlterNet
Posted on April 15, 2011, Printed on April 23, 2011

This horror story starts in the 1970s when the economic policy establishment, led by Milton Friedman, thought they were a whole lot smarter than the New Dealers who had put a lid on the financial sector and forced high taxes on the super-rich – all designed to prevent the gamblers from again wrecking our economy like they did in 1929.

Blinded by ideology, the 1970s gang were certain the economy would run much better if free markets were allowed to function without government interference. This meant deregulation of airlines, telecommunications, trucking industry and most importantly, the deregulation of finance. At the same time they called for tax cuts for the rich because these elites were the source of investment capital needed to make the economy grow.

The Credit Rating Hoax

William Greider | April 20, 2011

Standard & Poor’s, the self-righteous credit-rating agency, has a damn lot of nerve. It provoked scary headlines by solemnly threatening to “short” America. That is, downgrade the credit-worthiness of US Treasury bonds unless Congress and the president oblige creditors by punishing the citizenry with severe budget cuts. What a load of crap.

The headline I would like to see is this: “S&P Execs Face Major Fraud Investigation, Take the Fifth Before Federal Grand Jury.”

News coverage on S&P’s credit warning typically failed to mention that Standard & Poor’s itself is in utter disrepute. It was an unindicted co-conspirator in the Wall Street deceitfulness that brought the nation to financial ruin. During the bubble of inflated housing prices, S&P and other rating agencies blessed the fraud-based mortgage securities issued by Wall Street banks with AAA ratings—deceiving gullible investors around the world and assuring bloated profits (and executive bonuses) for the greedy bankers. S&P provided cover for the massive scam that led to the crisis that sank the national economy.

That story line is the essential reason federal deficits soared in the age of Obama. National wealth was massively destroyed, government tax revenues collapsed, the feds spent trillions bailing out the imperiled financial system. In short, the bankers did it, abetted by see-no-evil accomplices like Standard & Poor’s.

We're #1 -- Ten Depressing Ways America Is Exceptional

By David Morris, On the Commons
Posted on April 20, 2011, Printed on April 21, 2011

Recent research contradicts the fundamental tenet of American exceptionalism. A Brookings Institution report comparing economic mobility in the United States and other countries concludes, “…“Starting at the bottom of the earnings ladder is more of a handicap in the United States than it is in other countries.”

For Republican presidential candidates the phrase American Exceptionalism has taken on almost talismanic qualities. Newt Gingrich’s new book is titled, A Nation Like No Other: Why American Exceptionalism Matters. “American the Exceptional” is the title of a chapter in Sarah Palin’s book America by Heart.

And woe be to those who take issue with the phrase. 2008 Presidential candidate Mike Huckabee declares, “To deny American exceptionalism is in essence to deny the heart and soul of this nation.” 2012 Presidential candidate Mitt Romney insists, “The reorientation away from a celebration of American exceptionalism is misguided and bankrupt.”

When Moderation Fails, Part 1: Simpson & Bowles, Standard & Poor's, and Ezra Klein

By Richard Eskow

Created 04/21/2011 - 3:03am

Historians of the future may one day write that the death of the New Deal began this year. If so, it goes without saying that corrupt forces like the Chamber of Commerce will be a big part of the story. So will billionaire ideologues like Pete Peterson, and greedy politicians looking for a handout. Unfortunately, so will a lot of reasonable people whose biggest problem is that they're temperamentally inclined toward being reasonable and moderate - even when circumstances don't warrant it.

The problem's become so severe that it will take more than one day to address it. It will require criticizing people that I respect, and who in some cases I've met and like personally. A great many moderately-minded individuals seem to have been lulled into accepting a Washington consensus in which the "new normal" means accepting that only remaining choice is between a radical assault on the middle class and a moderately radical assault on the middle class. In that world, a "judicious" assessment of Republican radicalism can easily turn into accommodationism. That can lead in turn to bad deals that create needless suffering.

We begin with somebody I like and respect: Ezra Klein. Ezra's become an important voice in Washington, and he has developed an extraordinary platform at the Washington Post. He's earned it through prodigious, detailed daily output over the course of years. He was highlighted by Politico as part of the Post's "leftward online shift," and he's an MSNBC regular. He's considered a liberal voice by powerful people who know and like him. That's why his approach to deficit reduction and austerity economics is potentially so damaging: people listen to him.

Tomgram: Noam Chomsky, Who Owns the World?

Posted by Noam Chomsky at 9:49am, April 21, 2011.

Military bases R U.S. Or so it seems. After the invasion of 2003, the Pentagon promptly started constructing a series of monster bases in occupied Iraq, the size of small American towns and with most of the amenities of home. These were for a projected garrison of 30,000 to 40,000 U.S. troops that top officials of the Bush administration initially anticipated would be free to hang out in that country for an armed eternity. In the end, hundreds of bases were built. (And now, hundreds have been closed down or handed over to the Iraqis and in some cases looted). With present U.S. troop strength at about 47,000 (not counting mercenaries) and falling, American officials are now practically pleading with an Iraqi government moving ever closer to the Iranians to let some American forces remain at a few giant bases beyond the official end-of-2011 withdrawal date.

Don’t Get Fooled Again: Writing Our Own Economic Future

My neighbors and I know we can't go back to the old economy. But what can we do to build a new one?

by Sarah Byrnes

Common Security Clubs are local groups that practice mutual aid, learn about the economic issues that face them, and take collective action. Click here for more blog entries.

---

On April 1, I sat down with a group of my neighbors—members of a newly formed Common Security Club in our Boston neighborhood—to watch Inside Job, the Academy Award-winning documentary about the 2008 economic meltdown. We were going for an April Fools Day theme: “Don’t get fooled again” by the bankers and executives who caused the crash.

For a lot of us, the theme hit home: “I have a feeling they are going to fool us again,” one person said. “We have the same CEOs, the same regulators. Are we just going to go around and around, from crash to a mild recovery to the next crash?”

It’s a level of vulnerability many of us just can’t feel comfortable with. In community centers, living rooms, and churches around the country, more than forty other groups gathered to view and discuss the documentary that day, seeking to better understand why the economic crisis happened—and how to make their communities more resilient in the future.

Voucher Advocate Betsy DeVos, Right-Wing Think Tanks Behind Koch-Style Attack on PA Public Schools

Rachel Tabachnick
Wed Apr 20, 2011 at 11:28:44 PM EST

The DeVos family crusade to eradicate public education has targeted Pennsylvania, and a voucher bill may come to a vote in the PA Senate as early as Tuesday. It's being marketed as a solution to save public schools, but the big donors are tied to right-wing think tanks that openly advocate, and strategize, the end of public education. How can vouchers improve public schools if the people mobilizing the movement intend to eradicate public education? Regardless of your personal stance on "school choice," it's important to know who is behind the voucher movement and the agenda they don't share with the public or advertise in their media campaigns.

America’s Debt Problem Is Not Caused By Social Programs

April 18, 2011

By Ray Medeiros

In a previous post I used some information that has since been corrected on the original site, Business Insider due to in-depth research into the actual OECD numbers by myself and others. It turns out that the United States spends 16.2% of our GDP on social programs, NOT 7.2%. But as I investigated further into the actual OECD numbers itself, file number, EQ5.XLS, data file EQ5.2 column (C) I have found something even more disturbing.

The United States spends 16.2% of our GDP on social programs and Canada spends 16.9% on theirs and an even closer comparison, Australia spends 16%. These two countries spend the same amount of their GDP to ensure a comfortable standard of living for their citizens as the United States does, yet we do not have the same outcome.

Obama's Real Budget Plan (and Why It's a Huge Gamble)

By Robert Reich, RobertReich.org
Posted on April 18, 2011, Printed on April 21, 2011

Paul Ryan says his budget plan will cut $4.4 trillion over ten years. The President says his new plan will cut $4 trillion over twelve years.

Let’s get real. Ten or twelve-year budgets are baloney. It’s hard enough to forecast budgets a year or two into the future. Between now and 2022 or 2024 the economy will probably have gone through a recovery (I’ll explain later why I fear it will be anemic at best) and another downturn. America will also have been through a bunch of elections – at least five congressional and three presidential.

The practical question is how to get out of the ongoing gravitational pull of this awful recession without kowtowing to extremists on the right who think the U.S. government is their mortal enemy. For President Obama, it’s also about how to get reelected.

Dems needn’t negotiate

By Heather “Digby” Parton - 04/19/11 06:00 PM ET

Shudders went through the Beltway on Monday on the news that Standard & Poor’s had lowered its outlook for U.S. debt because of its “fears” that the Democrats and Republicans wouldn’t be able to come together to eliminate the deficit. The press breathlessly reported that the market “plunged” 140 points on the news. Chris Matthews barked, “This is scary!”

The so-called plunge turned out to be the biggest one-day drop since ... March 16 of this year. And Paul Krugman wryly commented on his blog that “If S&P warns that U.S. bonds might not be safe, and the price of those bonds rises, you really have to wonder how anyone can write with a straight face that this warning caused other market movements.” But let’s not let any of that get in the way of a good story: “The Market Gods are displeased with all this partisanship and Washington. Must. Heed.”

Digby: Lessons For Today

Here are two very important pieces of relevant information that are not well understood even by many liberals. The first is about the stale trope that the ratio of workers to retirees was once much much higher and has shrunk to an unforeseen, unsustainable level. The second is about the idea that patients are "consumers" who need to be making "smarter choices."

Scott Hochberg:

On Face the Nation this Sunday, Sen. Mark Warner was asked by host Bob Schieffer why his ‘Gang of Six’ would take on Social Security reform in their forthcoming budget proposal. His response reflected a commonly-held myth about Social Security’s history that greatly exaggerates the changes in the worker-to-retiree ratio between 1950 and today. Warner gave as his rationale the popular refrain that "part of this is just math: 16 workers for every one retiree 50 years ago, three workers for every retiree now."

Do-Nothing Congress as a Cure

By DAVID LEONHARDT
WASHINGTON

A trick question: If Congress takes no action in coming years, what will happen to the budget deficit?

It will shrink — and shrink a lot. This simple fact may offer the best hope for deficit reduction.

As federal law currently stands, some significant tax increases are set to take effect in coming years. The most important is the scheduled expiration of the Bush tax cuts at the end of 2012.

Of course, both parties favor the permanent extension of most of those tax cuts — the ones applying to income below $250,000. Both parties also oppose big cuts to the military, Social Security and Medicare, at least in the short term. Unfortunately, the deficit is likely to remain frighteningly large over the next decade without either cuts to those programs or tax increases.

More on "financial martial law" from Big Government Conservatives

by Gaius Publius on 4/20/2011 03:21:00 PM

Big Government Conservatives are conservatives who don't want anyone in government to have power until they control government; then they want to rule like kings.

The latest example is what's happening in Michigan, where the new Teabag-enabled GOP governor has been given "financial martial law" powers. Our discussion of that subject is here. Rachel Maddow has been on it as well.

How the Wall Street Journal Distorts the Truth About Taxes

Posted: 04/19/11 06:48 PM ET

The Wall Street Journal is the leading mouthpiece for cutting taxes for the rich. The Journal editorial board is fully in the service of that cause. An editorial at the start of this week ("Where the Tax Money Is," April 18, 2011) is a vivid case in point. The Journal claims that IRS data prove the "fiscal futility of raising rates on the top 2%, or even the top 5% or 10% of taxpayers to close the deficit." The IRS data in fact prove exactly the opposite of what the Journal claims.

I direct readers to the "Summary of Latest Federal Income Tax Data" presented by the Tax Foundation, October 6, 2010, No. 249. There the reader will find the data they need to discover how the Journal has gotten it all wrong.

A Broad-Based Solution to Our Energy Problem

The real solution to our oil-consumption problem won't be solved by energy policy.

Ben Adler | April 20, 2011

With instability in the Arab world causing oil prices to surge, and Republicans proposing, with typical venality and idiocy, to solve the problem through either rampant domestic oil drilling or stealing the oil in Iraq and Libya, President Barack Obama is striking a more reasoned tone. In a recent speech at Georgetown University, the president proposed reducing America's foreign oil imports by one-third by 2025. In itself, this sounds like a worthy goal, but given the breadth of the environmental and economic problems that our oil consumption causes, it's unambitious at best.

Bipartisan Senators Indict Wall Street, Media Yawns. Six Guys Push Stale Deficit Hype, Media Goes Wild

By Richard Eskow

Created 04/18/2011 - 1:57pm

It should have been the lead story from coast to coast: A bipartisan panel of senators, including some of that body's most conservative members, released a damning report that slammed bankers, regulators and ratings agencies—and they made it clear that they'd like to see warrants issued against the CEO of Goldman Sachs and other financial executives.

This report was endorsed by all of its Republican members, including conservative co-chair Tom Coburn and Tea Party Senator Rand Paul. Hey, editors, how's this for a headline? "Libs and Tea Party Senators demand: 'Bring me the head of Goldman Sachs.'"

Now that's what I call news!

The media responded with a collective yawn.

Teenage Mutant Theocrats

Frederick Clarkson
Tue Apr 19, 2011 at 10:38:38 PM EST

Devin Burghart of the Institute for Research and Education on Human Rights reports that a recent regional Tea Party Patriots conference held in Idaho was a far-right stew of

"...racist "birther" attacks on President Obama, discussions of the conspiracy behind the problem facing America (complete with anti-Semitic illustration), Christian nationalism, anti-environmentalism, and serious calls for legislation promoting states' rights and "nullification."

While Christian nationalism is often in the mix in such far right settings as this, the presentation on the subject stood out to veteran rightwatcher Burghart.

Fracking Blowout Causes Massive Spill in Pennsylvania

Wednesday 20 April 2011

by: Mike Ludwig, Truthout

Thousands of gallons of potentially toxic hydraulic fracturing, or "fracking," liquids spilled across pastures and into a stream in rural Pennsylvania early this morning, after a natural gas well suffered a blowout at 11:45 p.m. Tuesday night.

Francis Roupp, a deputy director of the Bradford County emergency services, said "many thousands" of gallons of fracturing liquids were released after a blowout near the well head. Roupp was unsure how much liquid was released, but he said it is possible that hundreds of thousands of gallons could have been released and have spilled across acres of pasture and into a small tributary to a local river.

After Budget Showdown, Women Under the Bus

By Katha Pollitt, The Nation
Posted on April 18, 2011, Printed on April 20, 2011

It’s getting awfully crowded underneath that bus. You know, the metaphorical one women keep getting thrown under, along with their rights, their health and their money. Women lost much of their insurance coverage for abortion during the fight over the healthcare reform bill last fall, but at least they got some good things out of it: coverage for millions of uninsured women, preventive care including breast and cervical cancer screenings, and a bar on refusing coverage for such pre-existing conditions as having been a rape or domestic violence victim. Overall—and assuming the law is not overturned or sabotaged by the Republicans—women will be better off in terms of affordable healthcare, including reproductive healthcare, than if the bill had been scuttled over the Stupak-Pitts amendment.

The New Corporate World Order

By Robert Scheer

The debate over Republicans’ insistence on continued tax breaks for the superrich and the corporations they run should come to a screeching halt with the report in Tuesday’s Wall Street Journal headlined “Big U.S. Firms Shift Hiring Abroad.” Those tax breaks over the past decade, leaving some corporations such as General Electric to pay no taxes at all, were supposed to lead to job creation, but just the opposite has occurred. As the WSJ put it, the multinational companies “cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show.”

General Electric, which was bailed out by taxpayers and which stored so much of its profit abroad that it paid no taxes for the past two years, was forced to tighten up, but while cutting its foreign workforce by 1,000 it cut a far more severe 28,000 in the United States. Jeffrey Immelt, the CEO of GE, recently appointed by President Barack Obama as his chief outside economic adviser, admits that this does not involve poorly paid work that Americans don’t want, but instead prime jobs: “We’ve globalized around markets, not cheap labor. The era of globalization around cheap labor is over. Today we go to China, we go to India, because that’s where the customers are.”

Solar power without solar cells: A hidden magnetic effect of light could make it possible

ANN ARBOR, Mich.---A dramatic and surprising magnetic effect of light discovered by University of Michigan researchers could lead to solar power without traditional semiconductor-based solar cells.

The researchers found a way to make an "optical battery," said Stephen Rand, a professor in the departments of Electrical Engineering and Computer Science, Physics and Applied Physics.

In the process, they overturned a century-old tenet of physics.

"You could stare at the equations of motion all day and you will not see this possibility. We've all been taught that this doesn't happen," said Rand, an author of a paper on the work published in the Journal of Applied Physics. "It's a very odd interaction. That's why it's been overlooked for more than 100 years."

The Bank of Mom and Pop

Person-to-person lending is finally ready to take on banks and credit card companies.

By Farhad Manjoo
Posted Tuesday, April 19, 2011, at 5:14 PM ET

Things were looking so good for Prosper.com five years ago. To most people, the economy appeared to be functional, dot-com nightmare stories had faded from memory, and the time seemed ripe for Web 2.0 to take over the world of personal loans. Prosper and several other "person-to-person lending" sites operated like an eBay for credit: Prospective borrowers put up requests for loans, disclosed their credit rating and the reason they needed the money, and tried to make a case for lenders to take a chance on their dream—at attractive premiums.

Gov. Walker planning ‘financial martial law’ in Wisconsin

By David Edwards
Tuesday, April 19th, 2011 -- 5:05 pm

Wisconsin Gov. Scott Walker (R) is reportedly following the lead of Michigan Gov. Rick Snyder (R) by preparing a plan that would allow him to possibly take over municipalities that don't pass a financial stress test.

"[T]he Walker legislation would empower the governor to insert a financial manager of his choosing into local government with the ability to cancel union contracts, push aside duly elected local government officials and school board members and take control of Wisconsin cities and towns whenever he sees fit to do so," according to Forbes.

Can biochar help suppress greenhouse gases?

New Zealand study shows biochar to decrease nitrous oxide emissions

MADISON, WI APRIL19, 2011 – Nitrous oxide is a potent greenhouse gas and a precursor to compounds that contribute to the destruction of the ozone. Intensively managed, grazed pastures are responsible for an increase in nitrous oxide emissions from grazing animals' excrement. Biochar is potentially a mitigation option for reducing the world's elevated carbon dioxide emissions, since the embodied carbon can be sequestered in the soil. Biochar also has the potential to beneficially alter soil nitrogen transformations.

Fiscal Conservatives Dodge $10 Trillion Debt

By Simon Johnson - Apr 19, 2011

Bloomberg Opinion

Washington is filled with self- congratulation this week, with Republicans claiming that they have opened serious discussion of the U.S. budget deficit and President Barack Obama’s proponents arguing that his counterblast last Wednesday will win the day.

The reality is that neither side has come to grips with the most basic of our harsh fiscal realities.

Start with the facts as provided by the nonpartisan Congressional Budget Office. Compare the CBO’s budget forecast for January 2008, before the outbreak of serious financial crisis in the fall of that year, with its latest version from January 2011. The relevant line is “debt held by the public at the end of the year,” meaning net federal government debt held by the private sector, which excludes government agency holdings of government debt.

The Tea Party Propaganda Factory You Probably Don't Know About

By David Rosen, AlterNet
Posted on April 19, 2011, Printed on April 20, 2011
http://www.alternet.org/story/150672/the_tea_party_propaganda_factory_you_probably_don%27t_know_about

The 2010 Supreme Court decision permitting unlimited campaign spending by corporations, Citizens United v. Federal Election Commission, is one of the most momentous rulings in U.S. legal history. It transforms the long but unspoken truth of American politics – corporate wealth buys legislative power -- into the law of the land.

The Court’s judgment adds one more nail to the coffin of transparent governance based on popular democracy. The unlimited financing and unreported accountability of the media message complements generous campaign contributions, well-paid lobbyists and effective regulatory capture to further ensure that corporate wealth maintains political influence. The Court’s decision is the icing on the cake to an era of unprecedented class polarization, with the rich seizing an ever greater share of the nation’s wealth.

Secret memos expose link between oil firms and invasion of Iraq

By Paul Bignell
Tuesday, 19 April 2011

Plans to exploit Iraq's oil reserves were discussed by government ministers and the world's largest oil companies the year before Britain took a leading role in invading Iraq, government documents show.

The papers, revealed here for the first time, raise new questions over Britain's involvement in the war, which had divided Tony Blair's cabinet and was voted through only after his claims that Saddam Hussein had weapons of mass destruction.

The minutes of a series of meetings between ministers and senior oil executives are at odds with the public denials of self-interest from oil companies and Western governments at the time.

Michael Dell: The Making of an American Oligarch

Before he became the 15th-richest American, Michael Dell was hailed as a corporate wunderkind. His eponymous computer company's "dazzlingly efficient" factory in Austin, Texas, "may be the best hope of keeping blue-collar jobs in the United States," proclaimed the New York Times in 2004. Recently, Dell Inc. has been better known for gobbling up federal contracts and pulling financial shenanigans to line its executives' pockets—all while exploiting tax loopholes, outsourcing production, and laying off American workers.

Spitzer to Holder: Prosecute Goldman Sachs or Resign

Sounds like Spitzer's on a campaign to push hard for the prosecution of Goldman Sachs. This, from last week:

Eliot Spitzer challenges investment banker Goldman Sachs: "Sue me. I don't care. You lied to the public, you should be prosecuted" during an interview with Sen. Carl Levin, chairman of the Senate subcommittee charged with investigating the causes of the financial crisis.

US warned on top credit rating by Standard & Poor's

The announcement and its timing seem very convenient to me...--Dictynna

The US has been warned that the credit rating on its government debt could be cut by Standard & Poor's.

S&P is concerned that Democrats and Republicans will not be able to agree a plan to reduce the growing US deficit.

It has downgraded its outlook from stable to negative, increasing the likelihood that the rating could be cut within the next two years.

OECD study: US ‘high on prisons, low on pensions’

By David Ferguson
Sunday, April 17th, 2011 -- 1:12 pm

The Organization for Economic Cooperation and Development (OECD) has released a report stating that the United States has the highest percentage of incarcerated citizens in the developed world and ranks ninth from the bottom in social spending. The report was included in what Business Insider calls a "massive pack of data" from the OECD discussing current social and economic conditions among the world's developed nation

How I View the American Crisis

by Robert Parry

Some readers tell me that I devote too much time to the historical context of the American political/media crisis. They say I should focus more on its current manifestations, especially when there are so many to address. And these readers have a point.

However, I think that without the context – and without understanding how the various U.S. political/media forces evolved over the past several decades – much of what is happening today doesn’t make sense, nor are the solutions readily apparent.

How and Why the Media Misses the Af-Pak Story

By Rory O'Connor, RoryOConnor.org
Posted on April 14, 2011, Printed on April 17, 2011
http://www.alternet.org/story/150612/how_and_why_the_media_misses_the_af-pak_story

A unique husband and wife team, Paul Fitzgerald and Elizabeth Gould have reported for decades on the issues and conflicts in Afghanistan and Pakistan. In the spring of 1981 they received the first visas to enter Afghanistan granted to an American TV crew and produced an exclusive news story for the CBS Evening News. They also produced a documentary for PBS, returned in 1983 for ABC Nightline, and later worked under contract to Oliver Stone on a film version of their experience.

In 1989 the Soviet Union finally withdrew its forces from Afghanistan, and the Cold War soon ended with the dissolution of the USSR in 1991. But as civil war followed in Afghanistan, the United States also walked away – and in 1994, a new strain of religious holy warrior called the Taliban arose, sweeping into Afghanistan from Pakistan. By 1998, as the horrors of the Taliban regime began to grab headlines, Fitzgerald and Gould began collaborating with Afghan human rights advocate Sima Wali, filming her return from exile and producing another film.