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Richard Eskow's picture

An Act of Dodd: Draft Bill Would Let Pols Duck the Question, "Are You For Consumers or Banks?"

By Richard (RJ) Eskow
March 16, 2010

Democracy requires vigorous public debate in an open forum, conducted by leaders willing to take a public stand and face the consequences. Today's proposal on banking reform from Sen. Dodd is the product of backroom negotiation and holds nobody accountable. It allows Senators to dodge one of the most critical issues of the day: the financial security of the American public. more »

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Natasha Chart's picture

Can Foreign Investment In US Rail Jumpstart A Domestic Industry?

By Natasha Chart
March 15, 2010

Chinese companies are using technology transferred from other countries to bid on US high speed rail contracts after building 4,000 miles of such railways at home, but they say they'll share: more »

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Dave Johnson's picture

Chinese Currency Showdown

By Dave Johnson
March 15, 2010

China is holding down the value of its currency, which means goods made there cost less everywhere else. This undercuts American companies that make things, so they close factories here and buy from there. This costs us jobs, forces down our wages and savings rate, and forces the country to borrow heavily. This imbalance has built up to a breaking point. more »

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Taking On China

By Paul Krugman
From nytimes.com
March 15th, 2010

nytimes.com — Nobel prize-winning economist Paul Krugman makes the case for action on China's currency manipulation.

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The video that will put Geithner behind bars

From smirkingchimp.com
March 14th, 2010

smirkingchimp.com — "You gotta see this! If this doesn't convince you that the Timothy Geithner knew about the securities shenanigans that were going on at Lehman, then I don't know what will."

"Keep in mind, that Geithner ran Lehman through 3 "stress tests" prior to bankruptcy; all of which Lehman failed, and yet, nothing was done. Anton R. Valukas--the examiner who wrote the 2,200 page investigative-report which was released on Thursday-- has provided plenty of information detailing Lehman's “materially misleading” accounting and “actionable balance sheet manipulation.”

In other words, they cooked the books.

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Sam Pizzigati's picture

The ‘Party of No’ May Now Rate a New Label

By Sam Pizzigati
March 14, 2010

Republicans in Congress have introduced a breathtaking new budget plan that would essentially put America's plutocracy on steroids.

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The Most Powerful Destructive Corporate US Business Club

By David DeGraw
From alternet.org
March 13th, 2010

alternet.org —

Editor's Note: The following is Part III of David DeGraw's report, "The Economic Elite vs. People of the USA." AlterNet previously ran Part I and Part II.

DeGraw writes in the introduction to his report:

"It has now become evident to a critical mass that the Republican and Democratic parties, along with all three branches of our government, have been bought off by a well-organized Economic Elite who are tactically destroying our way of life. The harsh truth is that 99% of the US population no longer has political representation.

The US economy, government and tax system is now blatantly rigged against us.Current statistical societal indicators clearly demonstrate that a strategic attack has been launched and an analysis of current governmental policies prove that conditions for 99% of Americans will continue to deteriorate. The Economic Elite have engineered a financial coup and have brought war to our doorstep. . . and make no mistake, they have launched a war to eliminate the US middle class."

***

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Richard Eskow's picture

Why Caddell's Wrong - Passing The Bill Will Help Democrats

By Richard (RJ) Eskow
March 13, 2010

There's a lot of buzz in health care circles about an editorial in today's Washington Post entitled "If Democrats ignore health-care polls, midterms will be costly." That could be dangerous: the author's conclusions are contradicted, not supported, by the available facts. more »

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Natasha Chart's picture

The Export-Import Challenge

By Natasha Chart
March 12, 2010

President Obama spoke yesterday at the annual conference of the Export-Import Bank, where he discussed the creation of the Export Promotion Cabinet and last year's efforts by the Export-Import Bank to directly extend financing for the purchase of American exports. more »

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Fed Audit Bitterly Opposed By Treasury

By Ryan Grim
From huffingtonpost.com
March 12th, 2010

huffingtonpost.com —
The cult of unwarranted secrecy mobilising its forces against transparency is personified by Geithner and Bernanke.

"...The idea that the Fed's mission would be undermined by an audit, said Grayson, "is a scarecrow erected by people who want to cover up the actions of the Fed for their own purposes, including those who actually have worked at part of the Fed, to prevent accountability at any cost..."

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Dave Johnson's picture

When Conservatives Are Right...

By Dave Johnson
March 12, 2010

Pat Buchanan has a column today on manufacturing, The Disemboweling of America, that hits the nail on the head. In fact, if I fairly excerpt enough of the column and send you over to read it, my work here is done. For today. more »

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Tula Connell's picture

U.S. Income Equality May Equal Mexico's by 2043

By Tula Connell
March 12, 2010

Two reports out this week offer a telling glimpse into the direction of the nation. more »

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Sam Pizzigati's picture

Census Time for Billionaires

By Sam Pizzigati
March 11, 2010

The world's super-duper rich, in the new Forbes magazine count, total just over 1,000 — and hold more wealth than half of humanity.

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LIVE WEBCAST 9:30 am ET, March 12: Currency Manipulation

From epi.org
March 11th, 2010

epi.org — China manipulates its currency. President Obama has promised to take action. But how to respond? An EPI forum on March 12 will examine the right path forward. WATCH A LIVE WEBCAST.

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Richard Eskow's picture

Demand an "Up-or-Down Vote" On Real Financial Reform

By Richard (RJ) Eskow
March 11, 2010

After more than a year of closed-door negotiations, the President and other Democrats have finally appropriated a Republican phrase by calling for "an up or down vote" on the resulting health reform legislation. Great idea - so great, in fact, that we should do even better on financial reform.

This time, let's have an up-or-down vote on each of the vital policy planks that constitute meaningful reform. Instead of having politicians do their horsetrading in private and leaving the public vote until the end, let's have a public show of hands on the vital economic issues of our time.. more »

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Natasha Chart's picture

Getting Direct Foreign Investment In US Workers

By Natasha Chart
March 11, 2010

Remember the Texas wind project that got this whole discussion started about where the stimulus money was going? The Chinese company involved in the project is now scoping out sites in Nevada for a 1,000 person manufacturing and assembly plant, like they said they would. more »

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Dave Johnson's picture

Why Won't Obama Label China A Currency Manipulator?

By Dave Johnson
March 11, 2010

There is a great deal of pressure on the Obama administration to declare China as a currency manipulator, and with very good reason: they are manipulating their currency. more »

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Norman Solomon's picture

War in a Box

By Norman Solomon
March 11, 2010

The event on the House floor Wednesday afternoon was monumental -- the first major congressional debate about U.S. military operations in Afghanistan since lawmakers authorized the invasion of that country in autumn 2001. But, as Rep. Patrick Kennedy noted with disgust on Wednesday, the House press gallery was nearly empty. more »

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ACLU of Southern California Action Alert

By ACLU
From socal.aclu.org
March 11th, 2010

socal.aclu.org —

L.A. County, Don't Make the Homeless Crisis Worse!

On March 23, the Los Angeles County Board of Supervisors is set to vote on proposed changes to the county's Section 8 housing rules.

The new rules would prevent many of the chronically homeless from qualifying for low-income housing, worsening the homeless crisis and creating an undue burden on our stressed health care system.

Join us in action. Submit your comments before the March 23rd vote.

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Natasha Chart's picture

Putting The Post- Post-Whale Oil Economy On Solid Ground

By Natasha Chart
March 10, 2010

If the Senate is only going to embrace trade protectionism for clean energy, it's no better than worrying about the deficit only when unemployment benefits are at stake. more »

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