By Stephen Lendman Chosen to serve power, not popular interests, Obama wrecked America’s economy to save giant Wall Street banks. He’s still doing it, despite claiming he’s been out in front doing all he can. By bailing out too-big-to-fail banks and waging multiple imperial wars, he intensified social misery. As a result, Main Street is […]
Congressman’s son lobbied for failing solar panel company by Neil W. McCabe A photovoltaic solar panel ranch similar to the California Solar Valley Ranch under construction by SunPower in the state’s San Luis Obispo County. The $1.2 billion loan guarantee to support the project was finalized in hours before the loan program expired Sept. 30. […]
The Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the country. The choice of Wall Street as the focal point for the protests — as even Federal Reserve Chairman Ben Bernanke said — makes sense due to the big bank malfeasance that led to the Great Recession. While the […]
Germany is pushing behind the scenes for a “hard” default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless credible defences are established first. Officials in Berlin told The Telegraph it is “more likely than not” that investors will suffer fresh losses on holdings […]
Free trade agreements (FTAs) have economically benefited nations the world over since their inception. Poverty rates in countries with low trade barriers are significantly lower, and data in The Heritage Foundation’s Index of Economic Freedom demonstrate that free trade also leads to higher incomes, more jobs, and greater equality. That’s why it’s vitally important to […]
(NY Post) A low-performing Manhattan high school that was granted up to $6 million in extra funds to undergo a “transformation” has found the secret formula for success: Dumb down the requirements for students to pass. At Washington Irving HS, near Union Square, administrators have approved new grading policies that give failing kids credits toward […]
House Cloakroom: October 10 – October 14 Analysis: The major issues facing the House this week will be three free trade agreements with Colombia, Panama and South Korea and Trade Adjustment Assistance (TAA). These free trade agreements had been held by the Obama Administration since they came into office in 2009 and were finally sent to […]
Hugo Chavez hates Wall Street, ground zero for “savage capitalism.” Daily he dreams of bear markets bringing the U.S. economy crashing down. He certainly likes the Occupy Wall Street movement. It is tailor-made for advancing Chavez-style “participatory democracy.” Little wonder he has dispatched his star propagandist to New York. Eva Golinger, described as “a Venezuelan-American […]
In the currently battered U.S. economy, with high unemployment and bleak growth prospects, politics has become a contest of dueling jobs plans: politicians of every stripe have them. Their motivation may be sincere, but their concept is wrong – and they are just perpetuating the myth that government can create jobs. It can’t. It can […]
Senate Majority Leader Harry Reid (D-NV) blocked a vote on President Barack Obama’s American Jobs Act tonight. Senate Republican Leader Mitch McConnell (R-KY) had pledged to offer an unchanged version of the President’s American Jobs Act as an amendment to the Currency Exchange Rate Oversight Reform Bill (S. 1619). Reid stopped a vote on the President’s so called jobs bill by filling […]
