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Obama's Big Sellout : Rolling Stone
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It would essentially grant economic immortality to those
top few megafirms, who will continually gobble up greater and
greater slices of market share as money becomes cheaper and cheaper
for them to borrow (after all, who wouldn't lend to a company
permanently backstopped by the federal government?). It would also
formalize the government's role in the global economy and turn the
presidential-appointment process into an important part of every
big firm's business strategy. "If this passes, the very first thing
these companies are going to do in the future is ask themselves,
'How do we make sure that one of our executives becomes assistant
Treasury secretary?'" says Sherman.
Google and the New Digital Future - The New York Review of Books
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As a commercial enterprise, Google's first duty is to provide a profit for its shareholders, and the settlement leaves no room for representation of libraries, readers, or the public in general.
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The public will have to study all the new versions of the settlement in order to stay informed about the rules of the game while the game is being played. Who ultimately wins is not simply a matter of competition among potential entrepreneurs but an issue of enormous importance to everyone who cares about books, even though the public is reduced to the role of spectator.
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Guernica / Chomsky on the Couch
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the principle that the United States may exercise force to guarantee a certain global order that will be ‘open’ to transnational corporations—that is beyond the bounds of polite discourse.”
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Systems of power don’t have good intentions.
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James Murdoch hits out at BBC and regulators at Edinburgh TV festival | Media | The Guardian
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The BBC Trust ... is here to strengthen the BBC for the benefit of licence fee payers, not to emasculate it on behalf of commercial interests."
Murdoch v the PM? It's what we call asymmetric warfare | Marina Hyde | Comment is free | The Guardian
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The degree to which successive prime ministers have greased up to our foremost unelected foreign tax exile is perhaps their worst-kept dirty little secret – or rather, dirty great one.
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The only thing governments can feel truly confident about doing without wondering whether the rug is about to be pulled is implementing policies to suit Murdoch's business agenda,
UTV News - Brazil crime wars: Spiderman's story of drugs and Jesus in Rio's slums
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One local NGO, the Observatório de Favelas, estimates that there will be another 40,000 homicides in Rio state before 2016.
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In the public imagination, the drug lords are often seen as wealthy mafiosos, surrounded by fast-cars, beautiful women and stacks of money. Travel into their territories, lives and homes, however, and it becomes clear that Rio's underworld is a place of solitude, paranoia and relentless violence.
tu.no - Søker om Tysklandskabel - Teknisk Ukeblad
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Regjeringen har tidligere uttrykt bekymring for at private aktører skal eie en
kabel som kan bli en gullgruve, og at det først og fremst er Statnett som
bør eie slik kritisk infrastruktur.
The “No” vote at Ford
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The vote is a historical milestone. It is the first rejection of a national contract since 1982, and the first at Ford since 1976. In the intervening three decades, the UAW has devoted all of its energies to suppressing the resistance of auto workers.
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These threats will be intensified. There will be a drive to impose concessions in work rules and other productivity measures. The threat of removing work, cutting jobs and shifts and even closing entire plants will be used to pit plant against plant and local against local, and to pit American workers against workers in Canada and elsewhere in order to divide, weaken and demoralize the work force.
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Devastating "Free Market" Reforms Imposed on Serbia
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The economy of Serbia was at one time predominantly based on two forms of public enterprises: socially-owned firms that were worker managed, and larger state-owned companies. The last remaining firms in the former category are scheduled to be completely eliminated by the end of this year, while the latter category will take longer to tackle.
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"the performance of privatized companies is worse than the performance of the sector as a whole," an interesting admission. (2)
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Reconnecting Power and Politics | Social Europe Journal
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It is no wonder that voters have come to associate social democrats with the neoliberal policy of dismantling the communal frameworks of existential security, leaving individual men and women to manage their fates on their own, from their individual and mostly scarce and inadequate resources. There is now next to nothing to distinguish between the ‘left’ the ‘right’, in economic, or any other, policy.
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Previously, the distinctive mark of social democracy was the belief that it is the duty of a community to protect all its members against the powerful forces that they are unable to resist as individuals.
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Obama signs bills for record Pentagon, Homeland Security spending
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The US media paid relatively little attention to the bill’s passage, or to the perfunctory, rubber-stamp character of the congressional debate. Absurdly, the New York Times headlined its report on Obama’s signing of the largest-ever military spending bill, “Victory for Obama Over Military Lobby,” claiming that the deletion of a few big-ticket weapons systems, notably the F-22 fighter jet, represented “reform.”
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Two months of Pentagon/DHS spending would cover the budget deficits of all 50 states.
Washington pushes through deal with Honduran coup regime
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These include the formation of a government of “unity and national reconciliation” in which the dominant forces will be the politicians who backed the June coup and the military that executed it. Reportedly, the two sides and the major political parties will select the ministers of such a regime.
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Today, the US accounts for more than half of Honduras’s foreign trade and two-thirds of its foreign direct investment. Clearly, serious pressure from Washington would produce the desired effect.
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Stripping Bare the Body —Six Questions for Mark Danner—By Scott Horton (Harper's Magazine)
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when the test of strength came and he needed support against the same soldiers and their guns, he had only himself and his own cleverness to draw on, and it was not enough.
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Of course this could only have followed from a conviction that achieving such a result was a prime U.S. interest, and very few policymakers or sophisticated observers– George F. Kennan was one–believed this at the time.
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MSM Reporting as Propaganda (No One Minds Our New Financial Masters Edition) « naked capitalism
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the dichotomy between the economic health of ordinary people and the traditional “market indicators” is not merely a non-story, it is a sort of taboo — unmentionable in major news coverage.
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it doesn’t fit our self image of being masters of our own view to recognize that we might be swayed.
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Wall Street's Naked Swindle : Rolling Stone
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The very next day, March 12th, Bear went into free fall. By the
end of the week, the firm had lost virtually all of its cash and
was clinging to promises of state aid; by the weekend, it was being
knocked to its knees by the Fed and the Treasury, and forced at the
barrel of a shotgun to sell itself to JPMorgan Chase (which had
been given $29 billion in public money to marry its
hunchbacked new bride) at the humiliating price of … $2 a
share. Whoever bought those options on March 11th woke up on the
morning of March 17th having made 159 times his money, or roughly
$270 million. -
the boom
that had ballooned both companies to fantastic heights was
basically a counterfeit economy, a mountain of paste that Wall
Street had built to replace the legitimate business it no longer
had. - 15 more annotations...
Antifascist Calling...: Battening Down the Hatches: Secret State Monitors Protest, Represses Dissent
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Kitted-out with police scanners, computers and cell phones, the intrepid activists used a Twitter account to assist protesters eager to elude a thrashing by some 5,000 heavily armed camo-clad cops who had sealed-off downtown Pittsburgh to keep the area safe--from the First Amendment. -
Among other questionable tactics, officers from dozens of law enforcement agencies lacked easily-identifiable badges, impeding citizens' ability to register complaints. - 3 more annotations...
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