Follow the Money:
Behind the European Debt Crisis Lie More Bank Bailouts
By David MCNALLY
One of the secrets of capitalism, after all, is the way in which it obscures and conceals processes of economic exploitation. Wealth moves and accumulates along hidden circuits that tend to elude us.
Mexican Government Under Assault From Drug Cartels, Washington Yawns: It’s worth remembering that the U.S.-Mexican border, all 1,969 miles of it, is the only place in the world where the Third World washes up against the First.
Majority in U.S. Continues to Distrust the Media, Perceive Bias: The majority of Americans still do not have confidence in the mass media to report the news fully, accurately, and fairly.
Greek austerity: new measures 'catastrophic' say protesters: Strikes bring Athens to a standstill as government announces further swingeing cuts to public sector jobs and pensions
Greece denies reports on default scenarios: Greece denied on Friday newspaper reports that one option in the debt crisis would be an orderly default with a 50 percent haircut for bondholders. - Separately, the Finance Ministry said, in reaction to the reports, that the country was committed to implementing a second, 109 billion euro bailout agreed with its international lenders in July.
Senators target China with currency bill: — US senators unveiled legislation Thursday to punish China over its alleged currency manipulation, promising angry American voters to put an end to Beijing's "economic murder" of US jobs.
George Monbiot : A Billionaires' Coup in the US: The debt deal will hurt the poorest Americans, convinced by Fox and the Tea Party to act against their own welfare
One in Five New York City Residents Living in Poverty: Poverty grew nationwide last year, but the increase was even greater in New York City, the Census Bureau will report on Thursday, suggesting that New York was being particularly hard hit by the aftermath of the recession.
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