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Pure Goldwater

Pure Goldwater

By John W. Dean; Barry M. Goldwater, Jr.

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Tag: Wall Street


U.S. Air Force/Yasuo Osakabe

The Folly of Empire

In dying empires like our own, the people glorify idiotic leaders and blissfully ignore the looming collapse.

Posted on Oct 14, 2013 READ MORE



White House/Amanda Lucidon

Obama Can’t Waste This Moment

The key in politics is to snatch victory from the jaws of victory. 

Posted on Oct 14, 2013 READ MORE


Corporate Leaders Bemoan Tea Party Default Crisis Created by Their own Donations

The frightened corporate leaders surely know how this happened—because their money funded the tea party candidates and organizations responsible for the crisis.

Posted on Oct 14, 2013 READ MORE



UNLV Photo Services/GERI KODEY (CC-BY-ND)

Emboldened by Shutdown Polls, Democrats Push Spending

Smelling blood in the water, Senate Democrats over the weekend rejected a Republican proposal to reopen the government and raise the debt limit.

Posted on Oct 13, 2013 READ MORE



brianna.george (CC BY-SA 2.0)

A Repo Implosion

Obama is determined to prevail in his battle with GOP leaders over the debt ceiling, but not for the reasons stated in the media.

Posted on Oct 13, 2013 READ MORE



ToonariPost -- A News Mash Up (CC BY-SA 2.0)

Who Profits If the Government Defaults?

Short-selling investors, savvy gold and silver bugs and currency traders—are all people who are closest to and most informed about the U.S. financial system. In other words, likely few people who are reading this page.

Posted on Oct 11, 2013 READ MORE


The Plot Against Pensions

As state legislatures prepare for their upcoming sessions, you will no doubt hear a lot about public pensions.

Posted on Oct 10, 2013 READ MORE



Shutterstock

Regulator Says She Was Fired for Not Covering Up Goldman Sachs’ Conflicts of Interest

Carmen M. Segarra, formerly of the New York Fed, says she was fired after she refused to change her mind about Goldman Sachs, an investment firm that, she found, put its own greed ahead of its clients.

Posted on Oct 10, 2013 READ MORE



AP/Eugene Hoshiko

Obama Will Nominate Janet Yellen as the First Woman to Chair the Fed

President Obama will reportedly nominate Fed Vice Chairwoman Janet Yellen to head the central bank, making her the first woman in the institution’s 99-year history to do so if she is confirmed by the Senate.

Posted on Oct 8, 2013 READ MORE



DVIDSHUB (CC BY 2.0)

Is Homeland Security Preparing for the Next Wall Street Collapse?

An Associated Press article in February confirmed a purchase order by the Department of Homeland Security for 1.6 billion rounds of ammunition. That’s enough to sustain an Iraq-sized war for over twenty years. Someone in government seems to expect some serious civil unrest. Why?

Posted on Oct 7, 2013 READ MORE



AP/J. Scott Applewhite

The Radical Christian Right and the War on Government

The federal shutdown fits seamlessly into the long ideological war to reduce Washington’s role to little more than defense, internal security and the protection of property rights.

Posted on Oct 6, 2013 READ MORE



Democracy Now!

Truthdigger of the Week: Lori Wallach

This critic of globalization is one of the few voices trying to alert the public to a secretive, ongoing effort to create a legal means for corporations to attack and subvert government.

Posted on Oct 5, 2013 READ MORE



Photo by Poster Boy NYC (CC-BY)

The Sparks of Rebellion

The tinder for revolt will not be the same as in past industrialized societies. Guided by the revolutionists who came before us, we will have to create our own forms of resistance out of the wreckage of the corporate state.

Posted on Sep 30, 2013 READ MORE



AP/Evan Vucci

Obama’s Friends in Low Places

If you still require to be disabused of Obama’s pretend populism, consider his close ties to Wall Street’s more rotten executives.

Posted on Sep 24, 2013 READ MORE


Obamacare’s Strange Bedfellows

An unapologetic conservative is fighting the tea party and his own Republican Legislature because he thinks the less privileged people of Ohio deserve health coverage.

Posted on Sep 22, 2013 READ MORE


The Shutdown’s Real Goal

The coming battles over budgets, the debt ceiling, a government shutdown and Obamacare are not elements of a large political game.

Posted on Sep 19, 2013 READ MORE



Poster Boy NYC (CC-BY)

Searching for Sustainable Models of Activism, 2 Years After Occupy

While economists are celebrating a tenuous recovery five years after the collapse of Lehman Brothers, this week’s U.S. Census Bureau report on poverty provided a sobering statistic.

Posted on Sep 19, 2013 READ MORE



AP/J. Scott Applewhite

The People Win as Lawrence Summers Trades Power For Wealth

Poor Lawrence Summers, he doesn’t get to be chairman of the Federal Reserve, aka the czar of the world’s economic order.

Posted on Sep 16, 2013 READ MORE


Lawrence Summers Will Not Chair the Federal Reserve

Over the screaming objections of members of his own party, President Obama seemed determined to appoint Wall Street groupie Lawrence Summers to head the most important bank in the country. On Sunday, Summers “reluctantly” withdrew his name from consideration for the post.

Posted on Sep 15, 2013 READ MORE



AP/Pablo Martinez Monsivais

Obama Remembers He’s Not George W. Bush

It may come to naught—calls for peace so rarely still the drums of war—but there was a moment Monday when the odds for sanity seemed to finally stand a chance of prevailing.

Posted on Sep 9, 2013 READ MORE



AP/Bebeto Matthews

Cornel West and the Fight to Save the Black Prophetic Tradition

Verbal attacks largely by black supporters of President Obama are attempts not only to silence the activist but destroy a historical movement that exposes the president as an ideological heir of the “accommodationist” Booker T. Washington.

Posted on Sep 9, 2013 READ MORE



WarmSleepy (CC BY 2.0)

Not Too Big to Jail: Eliot Spitzer Is Wall Street’s Worst Nightmare

Before his infamous resignation as governor of New York in March 2008, Eliot Spitzer was one of our fiercest champions against Wall Street corruption in a state that had some of the toughest legislation for controlling the banks—and by extension, an advocate for women.

Posted on Aug 19, 2013 READ MORE



Why the Anger?

Why is the nation more bitterly divided today than it’s been in 80 years?

Posted on Aug 13, 2013 READ MORE



AP/Evan Vucci

Don’t Believe Everything You Read

The news media, in reporting the sale of The Washington Post and the implications for The New York Times, ignored a fundamental rule of journalism and life: Bosses lie.

Posted on Aug 13, 2013 READ MORE



DonkeyHotey (CC BY 2.0)

Four Questions for Fed Chair Candidates

In our view, the president’s nominee for Fed chair must be committed to improving the lives of working Americans who are still struggling through the worst economic crisis since the Great Depression. To that end, we have four questions.

Posted on Aug 12, 2013 READ MORE



Ivan McClellan Photography (CC BY 2.0)

The Landscape of Wall Street’s Creative Destruction

It’s May 2012 and we’re in Woodlawn, a largely African American neighborhood on the South Side of Chicago. The goal of the HIT Squad, short for Housing Identification and Target, is to map blighted, bank-owned homes with overdue property taxes and neighbors angry enough about the destruction of their neighborhood to consider supporting a plan to repossess on the repossessors.

Posted on Aug 2, 2013 READ MORE



White House/Pete Souza

When Obama Trashed the Huffington Post, Was He Talking About This Column?

When President Obama told Democratic lawmakers not to believe everything they read in The Huffington Post, he might have been referring to this column by Truthdig Editor-in-Chief Robert Scheer. Or this one.

Posted on Jul 31, 2013 READ MORE



White House/Pete Souza

Gag Me With Lawrence Summers

President Obama thinks his former economic adviser is brilliant, but as Summers’ second trip through the revolving door between Washington and Wall Street reveals, he’s just greedy.

Posted on Jul 29, 2013 READ MORE



Joe Crimmings Photography (CC BY-ND 2.0)

Obama’s Master Class in Demagogy 101

The aim of the president’s Knox College speech on Wednesday was to wrap the economic program he has been working out with Wall Street investment bankers in democratic rhetoric. It was an exercise in political stealth.

Posted on Jul 27, 2013 READ MORE



Shutterstock

Obstruction as the New Normal

The bad news is that approval ratings for both the president and Congress are sinking, with voters increasingly frustrated at the bitter, partisan impasse in Washington. The worse news is that in terms of admiration for our national leaders, these may come to be seen as the good old days.

Posted on Jul 26, 2013 READ MORE


Chris Hedges: ‘Wall Street and Corporations Are Pulling the Strings’

In the latest installment of a series of interviews on The Real News Network’s “Reality Inserts Itself,” the Truthdig columnist says that the Democratic Party once looked out for the interests of labor and the poor. But that changed, he says, when Bill Clinton entered the White House, and it’s getting worse under President Obama.

Posted on Jul 23, 2013 READ MORE



AP/Mark Lennihan

The Return of Lawrence Summers, Mr. Spectacular Failure

The guy who tops the list of those responsible for sabotaging the world’s economy is lobbying to be the next chairman of the Federal Reserve.

Posted on Jul 15, 2013 READ MORE



Photo by Marcin Wichary (CC-BY)

Corporate Citizenship a Dying Concept

The conviction is new that the exclusive purpose of the business corporation is to profit its professional managers and stockholders.

Posted on Jul 15, 2013 READ MORE



AP/Seth Wenig

Why They Hate Eliot Spitzer

Corporations have revved their engines back up for round two of the smear campaign against Eliot Spitzer, the former governor of New York who has announced that he will run for New York City comptroller.

Posted on Jul 15, 2013 READ MORE



AP/Mary Altaffer

Locking Out the Voices of Dissent

With Occupy crushed, the corporate state aims to deny public space to any group that might trigger a new popular uprising. If this repression wins out, the resulting silence may be replaced with the thunder of violent resistance.

Posted on Jul 14, 2013 READ MORE



Senators Introduce New Glass-Steagall, ‘Motorcyle’ Abortion Bill Passes, and More

A look at the day’s political happenings, including a Koch brother campaigns to get rid of the minimum wage and the Texas woman who was silenced by state lawmakers while testifying against a restrictive abortion bill gets “the last word.”

Posted on Jul 11, 2013 READ MORE



U.S. Air National Guard/Tech. Sgt. Roberta A. Thompson

America’s Newest Global War

Out of all the harrowing storylines in journalist Jeremy Scahill’s new film “Dirty Wars,” the one about Abdulelah Haider Shaye best spotlights the U.S. government’s new assault against press freedom.

Posted on Jun 28, 2013 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

Gay Marriage: Why the Supreme Court Might Disappoint Conventional Thinking

Last week on Truthdig Radio in association with KPFK: The stock market plunges, Afghan author Qais Akbar Omar reacts to the news that direct talks between the United States and the Taliban have already broken down, Texas wages a war on high school kids and the Supreme Court threatens the happiness of gays everywhere.

Posted on Jun 24, 2013 READ MORE


Gay Marriage: Why the Supreme Court Might Disappoint Conventional Thinking

Last week on Truthdig Radio in association with KPFK: The stock market plunges, Afghan author Qais Akbar Omar reacts to the news that direct talks between the United States and the Taliban have already broken down, Texas wages a war on high school kids and the Supreme Court threatens the happiness of gays everywhere.

Posted on Jun 24, 2013 READ MORE



Shutterstock graphic of stocks falling.

Wall Street Doesn’t Like What Fed Chairman Has to Say

The Federal Reserve will continue to buy bonds at a rate of $85 billion a month, but Chairman Ben Bernanke said better economic indicators mean the central bank could end its quantitative easing policy in 2014.

Posted on Jun 19, 2013 READ MORE



SeanPavonePhoto / Shutterstock.com

The Two Centers of Unaccountable Power in America and Their Consequences

There are two great centers of unaccountable power in the American political-economic system today—places where decisions that significantly affect large numbers of Americans are made in secret, and are unchecked either by effective democratic oversight or by market competition.

Posted on Jun 16, 2013 READ MORE



Image via Shutterstock

Economic Storm Clouds Ahead

The recent jubilance among economic forecasters is enough to make even weather forecasters blush. “Just look at the bull market! Look at home prices! Look at consumer confidence!” I can understand the jubilation in the narrow sense that we’ve been down so long everything looks up. But prophecies can’t be self-fulfilling if they’re based on wishful thinking.

Posted on Jun 2, 2013 READ MORE


Congress Needs to Read a Book

Journalist Robert Kaiser has written a case study of the passage of Dodd-Frank, the legislation that kind of sort of took a shot at maybe re-regulating Wall Street (but not really). He tells Judy Woodruff, “It was upsetting to me as a citizen to realize how few members understood the issues they were dealing with.”

Posted on May 29, 2013 READ MORE



AP

Congress Still Puts Out for Wall Street

The big banks’ influence in Washington has only grown in direct proportion to the harm they have caused to the nation’s economy.

Posted on May 27, 2013 READ MORE



sdh_zh (CC-BY)

Beware Capitalist Tools

Forbes magazine likes to call itself a “capitalist tool,” and routinely offers tool-like justifications for whatever it is that profit-seeking corporations want to do.

Posted on May 27, 2013 READ MORE


Feeding On the Small

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Posted on May 27, 2013 READ MORE



SeanPavonePhoto / Shutterstock.com

Why Democrats Can’t Be Trusted to Control Wall Street

Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown.

Posted on May 26, 2013 READ MORE



Tumblr Is Worth $1.1 Billion to Yahoo for One Reason: You

Tumblr shunned advertising and earned the trust of its users, but Yahoo undoubtedly has other plans.

Posted on May 20, 2013 READ MORE



Shutterstock photo of EU roundtable.

Can the EU Be Saved?

It is not simply the euro zone that is threatened by the dramatic economic discrepancies that now exist among its members. Now it is the European Union itself that is in danger.

Posted on May 14, 2013 READ MORE



AP/Cliff Owen

Elizabeth Warren, a Great Investment

How astonishing to have a public servant who actually cares to inform the public about the inner workings of the system of crony capitalism that has wedded big government with big business.

Posted on May 14, 2013 READ MORE


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