The U.S. War Addiction:
Funding Enemies to Maintain Trillion Dollar Racket
By David DeGraw
A few recent news items help expose the true drivers of current wars around the world. Continue
By Michelle Chen
"The bosses carried weapons. They scared me. I never knew where I was. We were transported every fifteen days to different cities. I knew if I tried to escape I would not get far because everything was unfamiliar. The bosses said that if we escaped they would get their money from our families." --Congressional testimony of Maria, trafficking survivor from Mexico. Continue
By Paul Krugman
In America, many self-described deficit hawks are hypocrites, pure and simple: They’re eager to slash benefits for those in need, but their concerns about red ink vanish when it comes to tax breaks for the wealthy. Continue
’s plan: Raise $50 billion, sue business partners: BP will also study the possibility of selling its 1.4 percent stake in Rosneft, which it bought at the time of the Russian firm's 2006 flotation for one billion dollars, the report said.
Obama officials still approving flawed Gulf drilling plans: Despite President Barack Obama's promises of better safeguards for offshore drilling, federal regulators continue to approve plans for oil companies to drill in the Gulf of Mexico with minimal or no environmental analysis.
Democracy for Sale : Why Wall Street's generous to New Democrats in House: Members of the powerful New Democrat Coalition in the House of Representatives are among the top Democratic recipients of Wall Street campaign money this election cycle — and also among the most vocal advocates for weakening a plan to regulate complex financial instruments called "derivatives" that helped fuel the near-collapse of the economy in 2008.
Medvedev Pushes Ruble Reserve Currency to Cut Dollar Dominance: Russia wants the ruble to be one of the world’s reserve currencies as President Dmitry Medvedev renews his push to reduce the dollar’s dominance and make Moscow a global financial hub.
Greenspan Says U.S. May Soon Reach Borrowing Limit: “Perceptions of a large U.S. borrowing capacity are misleading,” and current long-term bond yields are masking America’s debt challenge
California on 'verge of system failure’: Golden State, like many others, is nearly bankrupt and desperately needs a bailout
Inside the Dire Financial State of the States: Falling prices for stocks and real estate have made mincemeat of often underfunded public pension plans. Unemployed workers have swelled the demand for welfare and Medicaid services.
Nearly one million US workers cut off unemployment benefits: With 12 Democrats joining a unanimous Republican bloc, the US Senate voted Wednesday to defeat a proposed extension of unemployment benefits for workers who have been jobless for nearly two years. The bill would have extended unemployment benefits for those out of work more than six months, until November 30
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