Alternative News Media
Netanyahu Visit Polarizes Americans
NBC/WSJ FINDS DISAPPROVAL OF GOP'S NETANYAHU INVITATION - Mark Murray: "Nearly half of American voters -- 48 percent -- say that congressional Republicans should not have invited Israeli Prime Minister Benjamin Netanyahu to address Congress on Tuesday without first notifying President Barack Obama, according to a new NBC News/Wall Street Journal poll. By contrast, 30 percent of those polled believe the invitation was fine, and another 22 percent don't know enough to say either way. Not surprisingly, the issue breaks along partisan lines, with 66 percent of Democrats saying Republicans shouldn't have invited Netanyahu without first notifying the president, compared with just 28 percent of Republicans who say that." ... Read moreClick picture to zoom in
Only 17% Of Americans See The US As The World's Economic Superpower
Echoing former US Treasury Secretary Larry Summers' quip, "There is surely something odd about the world's greatest power being the world's greatest debtor," it appears that economic reality is finally beginning to set in for Americans... Only hours ago, Gallup released a new poll showing that only a small minority (just 17%) of Americans still view the US as the world's economic superpower. ... Read more
A Group 'Hacked' the NSA's Website to Demonstrate a Widespread Bug | Motherboard.vice.com (03/03/15)
House breaks impasse, passes security funding without provisions
A chaotic three-month-long fight in Congress over funding the U.S. domestic security agency finally ended on Tuesday, but not before it highlighted House Speaker John Boehner's inability to halt the Republican Party's further descent into disorder. ... Read more
As Cleanup Efforts Grind On, Giant New Earthquake Looms at Fukushima
Scientists Are Using Cosmic Radiation To Peer Inside Fukushima's Mangled Reactor
Scientists designed the reactor walls at the Fukushima Daiichi nuclear power station to prevent some of the most powerful radiation in the universe from getting out--but they're lucky that at least one kind of radiation can still get in.
In the wake of 2011's disaster, ?scientists realized they might be able to harness the impressive penetrating power of natural, high-energy cosmic rays to paint a much-needed picture of the ruined Japanese reactor's cores. ...
Israel Prime Minister Netanyahu's Speech Deepens Rift Between U.S., Israel And American Jews
American Jewish leaders and activists are worried about widening political divisions between Israel and the White House sparked by Israeli Prime Minister Benjamin Netanyahu's controversial address to Congress on Tuesday despite strident objections by President Obama.
... "People are upset about it," said Rob Eshman, publisher and editor in chief of the Jewish Journal, a Los Angeles-based publication and website. "They're obviously concerned about Iran and want a good deal and think it's really unfortunate that Prime Minister Netanyahu is doing this -- creating a conflict outside the existing conflict." ... Read more
Prime Minister Benjamin Netanyahu of Israel Address to a Joint Meeting of Congress
Democracy Now! U.S. and World News Headlines for Wednesday, March 04 [12:09]
*DN | Michelle Alexander: Ferguson Shows Why Criminal Justice System of "Racial Control" Should Be Undone (03/04/15) [12:37],
Part 2 [7:22]
DN | Noam Chomsky: Snowden & Why NSA Surveillance Doesn't Stop Terror While the U.S. Drone War Creates It (03/03/15) [4:53]
DN | Noam Chomsky: As Venezuela Struggles to Fix Economy, U.S. Should Stop Trying to Undermine Its Gov't (03/03/15) [5:48]
Environment - Climate ChangeNASA | Greenland's Ice Layers Mapped in 3D (01/23/15) [3:36]
Jon Stewart*Jon Stewart | Speaker of the House John Boehner invites Israeli Prime Minister Benjamin Netanyahu to appear before Congress despite President Obama's disapproval. (03/03/15) [9:52]
TRNN | Ali Abunimah, editor of Electronic Intifada, says: Netanyahu Invokes Biblical Armageddon in US Congress (03/03/15) [17:51]
Ali Abunimah, editor of Electronic Intifada, says Netanyahu is playing to the extreme Israeli right, Christian evangelical Zionists, and attempting to prepare conditions for war.*TRNN | Robert Kelley says: Former IAEA Director Says No Basis for Netanyahu Iran Claims (03/04/15) [14:08]
TRNN | Meet the Family With A Megaphone in US & Israeli Politics, Part 2 (03/04/15) [11:27]
TRNN | With 90 percent of Israeli PM Benjamin Netanyahu's campaign donors being U.S. Americans, the Falic family tops the list, and their influence reaches both sides of the aisle in Congress, Part 1 (02/13/15) [12:27]*TYT | Benjamin Netanyahu Speech To Congress (03/03/15) [2:50]
TYT | Israeli Prime Minister Netanyahu's Hawkish Speech At Congress (03/03/15) [10:13]
TYT | Government Shutdown Crisis Averted... For Now (03/03/15) [3:05]
TYT | Did Hillary Clinton Break The Law? (03/03/15) [4:43]
Ring of Fire | Supreme Court Brutalizing The Working Class (03/01/15) [7:07]
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.
Former CIA Head Pleads Guilty To Mishandling Classified Information, Faces Year In Prison
WSJ reports that David Petraeus - the former director of the US Central Intelligence Agency - will plead guilty to a charge of mishandling classified information. The reitred military general, whose career was cut short by a very public affair with his biographer, reached a plea deal over sharing unauthorized information with her, in order to avoid an embarrassing trial. To summarize, the man trusted with all of the America's most secret secrets just plead guilty to pillow-talk-sharing of classified information... ... Read more
Record-Breaking Cold Likely in the First Week of March
With the US sporting a Debt to GDP ratio of over 100%... and the Wall Street banks sitting on over $191 TRILLION worth of derivatives trades based on interest rates (bonds), the very last thing the Fed wants is even a WHIFF of debt deflation to hit the bond markets.
Mass Grave With 200 Skeletons Found Under Supermarket In Central Paris
Archaeologists have made a strange and rather gruesome discovery under a supermarket in central Paris: an ancient mass grave containing the skeletal remains of more than 200 people.
... The store has long been known to rest on the site of a hospital that operated from the 12th through the 17th century, The Telegraph reported. So remains weren't unexpected, though no one guessed there would be this many. ...
The title of Citi's 2015 outlook piece "Keep Calm and Lever Up."
Wherein Citi strategists say: "now is the time to wade into synthetic tranches".
USGS: Fracking's disposal wells are the cause of earthquakes in Oklahoma
OKLAHOMA -- It's the million dollar question in Oklahoma: What's causing all the earthquakes? There have been a lot of theories about fracking causing earthquakes. But now, the U.S. Geological Survey (USGS) says that fracking's disposal wells are indeed, to blame. ... Read more
Breaking Bad (Debt) - Part 3
The 2008 worldwide financial crisis was produced due to excessively easy monetary policy, which caused the largest debt driven mal-investment in housing, automobiles, and Chinese produced crap in world history. The consequences of this debt bacchanalia should have been the orderly liquidation of the Wall Street entities that created the crisis, the writing off of trillions in bad debt, corporate and personal bankruptcies of businesses and people who borrowed recklessly, a sharp steep economic decline to cleanse the excesses, and politicians who immediately began the process of reducing budgets and addressing long term unfunded unpayable liability promises. Instead, the psychotic oligarchs did not want to lose any of their power, wealth or control over the proletariat. They have done the exact opposite of what needed to be done. ...
As Jeb Bush Pounces On The Hillary Email Scandal, The Real Winner Is... Goldman Sachs
Hillary Clinton's use of personal email accounts as America's former top diplomat is a far more serious issue as it touches directly on accountability, and rational decision-making while in a top position of government power. To say that it impairs her image as a presidential candidate who puts the country ahead of her own interests, would be an understatement.
However, depending on just how aggressive the US DOJ is, it may have criminal implications as well: according to the Weekly Standard, citing CNN conversations with "experts", Hillary Clinton broke the law by using her personal email account to conduct official State Department business while she was secretary of state. ...
Democracy Now! U.S. and World News Headlines for Tuesday, March 03 [7:52]
*DN | Noam Chomsky: Chomsky on Cuba: After Decades of U.S. Meddling & "Terrorism," Restoring Ties is Least We Could Do (03/03/15) [5:43]
*DN | Noam Chomsky: To Deal with ISIS, U.S. Should Own Up to Chaos of Iraq War & Other Radicalizing Acts (03/03/15) [16:51]
DN | Noam Chomsky: Chomsky: Greece's Syriza & Spain's Podemos Face "Savage Response" Taking on Austerity "Class War" (03/03/15) [3:54]
60 Minutes60 Minutes | thousands of homeowners were denied their flood insurance claims after Hurricane Sandy because of fraudulent engineers' reports. (03/01/15) [14:20]
John Oliver*HBO | John Oliver Explains How America's Neglected Infrastructure Is Like A Lego Set (03/01/15) [21:13]
Jon StewartJon Stewart | Jon Stewart Exposes Boehner's Kissy Face, And 'The Turds Clogging Our Legislative Plumbing' (03/03/15) [8:43]
Bill MaherHBO | New Rule: Income Inequality In America (older, 02/28/14) [5:16]
TRNN | Is Iran or Netanyahu a Threat to Israel's National Security? (03/03/15) [2:18]
TRNN | AIPAC Conference Pushes War on Iran (03/03/15) [5:51]
*TRNN | Jeff Halper: What Do Ordinary Israelis Think of Netanyahu's U.S. Visit? (03/03/15) [11:22]
*TRNN | Larry Wilkerson says: Netanyahu says Iran Intends to Destroy Israel (03/03/15) [14:17]
*TYT | Why Earthquakes Are Happening Where They've Never Happened Before (03/02/15) [5:42]
*TYT | Warren Buffet Warns Elizabeth Warren (03/02/15) [7:37]
TYT | Protest Sparked By Putin Critic's Murder (03/02/15) [7:58]
TYT | LAPD Executes Homeless Man In The Street (03/02/15) [7:50]
RT | CrossTalk: Dangerously Spinning Russia Story (03/02/15) [24:24]
ThomHartmann | Thom Hartmann on the Science & Green News (03/02/15) [6:47]
Netanyahu Arrives In U.S., Signs Of Easing Of Tensions Over Iran Speech
The United States and Israel showed signs of seeking to defuse tensions on Sunday ahead of a speech in Washington by Israeli Prime Minister Benjamin Netanyahu when he will warn against a possible nuclear deal with Iran.
Israel fears that U.S. President Barack Obama's Iran diplomacy, with an end-of-March deadline for a framework accord, will allow its archfoe to develop atomic weapons, something Tehran denies seeking. ... Read more
Bill Gross: "Central Banks Have Gone Too Far In Their Misguided Efforts To Support Economic Growth"
"None dare call it a "currency war" because that would be counter to G-10/G-20 policy statements that stress cooperation as opposed to "every country for itself", but an undeclared currency war is what the world is experiencing. Close to the same thing happened in the 1930's, a period remarkably similar to what many countries' policies resemble today. ... Read more
Bernie Sanders Calls Out Media For Not Covering Obama's (TPP)Trade Deal
"The major television networks are not covering the TPP. Incredible as it may sound, this trade agreement--the largest trade agreement in the history of the United States of America--has received virtually no coverage, no coverage, on the major networks," Sanders said from the Senate floor on Thursday.
TPP is a trade deal being negotiated between the U.S., Canada and ten other Asia-Pacific nations, covering about 40 percent of the global economy. Supporters of the treaty argue that it would boost economic growth in participating countries by reducing tariffs, increasing investments and bringing the member nations closer together.
Critics aren't buying it, arguing TPP would take jobs out of the U.S., increase income inequality, allow multinational corporations to sidestep U.S. regulations and reward countries with poor human rights records. ... Read more
Lehman Moment For Austrian "Bad Bank" Means Worse Coming
Today, following the "spectacular development" over the weekend that the bank will be wound down due to the discovery of an $8.5bn "hole" in its balance sheet, the 2Y HETA bonds are trading below 50c on the dollar (at a yield of 54%). This is indeed Austria's "Lehman" moment as for the first time in the new European 'bail-in' era, senior debt is getting a massive haircut.
... Of course, this being Austria, and the Creditanstalt, aka the bank which failed in 1931 under almost identical circumstances and set off the dominos that led to a global financial crisis which in turn bank fanned the flames of the Great Depression, also being Austrian, suddenly everyone is asking: "what just happened and what happens next?" ... Read more
10 Things America Must Do to Stop Ruining the World
I feel a responsibility for the acts of this country that I don't feel for those of other states or groups. When, for instance, a wedding party blows up thanks to a Taliban roadside bomb, or the Islamic State cuts some poor captive's head off, or Bashar al-Assad's air force drops barrel bombs on civilians, or the Russians jail a political activist, or some other group or state commits some similar set of crimes, I'm not surprised. Human barbarity, as well as the arbitrary cruelty of state power, are unending facts of history. They should be opposed, but am I shocked? No.
Still -- and I accept the irrationality of this -- when my country wipes out wedding parties in other lands or organizes torture regimes and offshore prison systems where anything goes, or tries to jail yet another whistleblower, when it acts cruelly, arbitrarily, or barbarically, I feel shock and wonder why more Americans don't have the same reaction. ...
Even The Regulators Are Rigged: Prominent HFT Critic Stiglitz Blocked From SEC Panel
That markets are rigged, at both the macro level, through central banks, and micro, through HFTs, dark pools and purposeful market fragmentation, should be painfully obvious to everyone by now. But when even the regulators engage in "jury rigging", or in this case blocking prominent HFT-critic Joseph Stiglitz, a Nobel prize winning economist (a prize which doesn't count for much on these pages but should - at least on paper - impress such statist cronies as the SEC), has been blocked from a government panel that will advise regulators on issues facing U.S. equity markets, it becomes clear as day that the rigging is not just in the markets: worse, it is openly involves the market's "regulator" and "enforcer." Read more
Democracy Now! U.S. and World News Headlines for Monday, March 02 [12:49]
DN | Noam Chomsky: Opposing Iran Nuclear Deal, Israel's Goal Isn't Survival -- It's Regional Dominance (03/02/15) [7:38],
Part 2 [4:45],
Part 3 [13:05],
Part 4 [4:22]
TRNN | Journalist and author Doug Henwood says: Hilary Clinton has close ties to Wall Street and big business, hawkish foreign policy, and a lack of vision to address looming structural economic and environmental catastrophes (03/02/15) [12:49]
TRNN | TRNN's Jessica Desvarieux: Nurses Unite to Stop TPP Fast Track (03/02/15) [5:54]
TRNN | Bill Black: HSBC Offshore Tax-Evading Scandal Widening (03/02/15) [14:47]
TRNN | Pernille Ironside, UNICEF Chief of Gaza Field Office: 30 UN Agencies and International NGO's released a letter condemning the lack of reconstruction and development in Gaza after the war last summer. (03/02/15) [9:26]
TYT | Foreign Donors Buying Political Influence Through The Clinton Global Initiative? (03/01/15) [4:57]
TYT | Elizabeth Warren Asked About Hillary Clinton & It's Devastating (03/01/15) [5:09]
TYT | Senator Jim Inhofe Throws A Snowball On The Senate Floor (03/01/15) [11:28]
TYT | State Politicians Want To Declare Idaho Officially Christian (03/01/15) [4:11]
TYT | Sarah Palin's CPAC Speech: How To Solve The ISIS Problem & PTSD (03/01/15) [4:02]
TYT | CPAC Confuses Black Guys And Then Plays The Photoshop Card (03/01/15) [3:59]
RT | CrossTalk: Ukrainian Narratives (02/27/15) [24:34]
RT | Keiser Report: Inflation = War (E725) (02/28/15) [25:41]
In the second half, Max continues his interview with Liam Halligan, editor-at-large at BNE.eu and columnist at the Telegraph, about the latest on the unpayable debt crisis in Greece and about which nation will be the first to exit the euro.ThomHartmann | How Reaganomics Changed Corporations (02/26/15) [5:54]
Thom Hartmann comments on a Roosevelt Institute report that corporations today don't stimulate investment, growth, and wages because, additional funds are funneled to shareholders through buybacks and dividends.
Room for Improvement
Clean up cities. Give the homeless a place to live. And save money too? The shocking simple, surprisingly cost-effective solution that won over a bunch of conservatives in Utah.
IT'S EARLY DECEMBER, 10:30 in the morning, and Rene Zepeda is driving a Volunteers of America minivan around Salt Lake City, looking for reclusive homeless people, those camping out next to the railroad tracks or down by the river or up in the foothills. The winter has been unseasonably warm so far--it's 60 degrees today--but the cold weather is coming and the van is stacked with sleeping bags, warm coats, thermal underwear, socks, boots, hats, hand warmers, protein bars, nutrition drinks, canned goods. By the end of the day, Rene says, it will all be gone.
These supplies make life a little easier for people who live outside, but Rene's main goal is to develop a relationship of trust with them, and act as a bridge to get them off the street. "I want to get them into homes," Rene says. "I tell them, 'I'm working for you. I want to get you out of the homeless situation.'"
And he does. He and all the other people who work with the homeless here have perhaps the best track record in the country. In the past nine years, Utah has decreased the number of homeless by 72 percent--largely by finding and building apartments where they can live, permanently, with no strings attached. It's a program, or more accurately a philosophy, called Housing First. ...
Tonight, more than 60,000 New Yorkers will sleep in homeless shelters, the most since the Great Depression.
Roughly 80% of those in shelter are families, including more than 25,000 kids.
Climate Oscillations and the Global Warming Faux Pause
No, climate change is not experiencing a hiatus. No, there is not currently a "pause" in global warming. Despite widespread such claims in contrarian circles, human-caused warming of the globe proceeds unabated. Indeed, as reported here at The Huffington Post just last month, the most recent year (2014) was likely the warmest year on record.
It is true that Earth's surface warmed a bit less than models predicted it to over the past decade-and-a-half or so. This doesn't mean that the models are flawed. Instead, it points to a discrepancy that likely arose from a combination of three main factors (see the discussion my piece last year in Scientific American). ...
One exasperated mom told The New Yorker Magazine. "Every month I get a paper from Welfare saying how much they just paid for me and my two kids to stay in our one room in this shelter. $3,444! Every month!" "Give me $900 and I'll find me and my kids an apartment, I promise you."
Here Is What Americans Spent Their "Gas Savings" On
Today, following the first revision of consumer spending, we learn that in the fourth quarter Americans spent even more on healthcare, pushing the total up by $1 billion more, to a whopping $21.4 Bn, or 18% of all spending on goods and services in Q4.
In any event, the math is clear - the next time anyone asks you what Americans spent their so-called "gas savings" on in Q4, and why retail sales in the end of 2014 (and the start of 2015) were so weak, show them this chart. ...
Democracy Now! U.S. and World News Headlines for Friday, February 27 [7:02]
*DN | "A Historic Decision": Tim Wu, Father of Net Neutrality, Praises FCC Vote to Preserve Open Internet (02/27/15) [17:56]
*DN | Antiquities Scholar: Islamic State's Destruction of Museum & Library is Cultural & Ethnic Cleansing (02/27/15) [12:05]
*DN | 17 Shots: Police Killing of Unarmed Mexican Farmworker in Washington State Sparks Protest (02/27/15) [13:35]
ZeroHedgeZeroHedge | Allan Greenspan on the Economy (02/26/15) [9:29]
Truth LoaderTruthLoader | Are we heading for another recession? (02/12/15) [4:36]
TruthLoader | Could China kill the US dollar? (05/29/14) [6:55]
TruthLoader | The Truth About The War On Drugs With Johann Hari (02/01/15) [8:25]
Simon sat down with journalist and author of "Chasing the Scream - The first and last days of the war on drugs" Johann Hari to discuss the realities of the drug war and addiction.TruthLoader | Who is the IMF and did they cause a famine in Africa? (02/23/15) [4:41]
TruthLoader | What's happened to Venezuela? (02/19/15) [5:09]
TruthLoader | Syria and Islamic State: The War for Natural Gas (02/04/15) [2:39]
TRNN | Former financial regulator Bill Black: Irish Style Banking Inquiry into the 2008 Financial Crisis (02/27/15) [14:35]
TRNN | Professor James K. Galbraith: The Greek Debt and the German acquiescence (02/27/15) [12:03]
Initially Germany stood firm that Greece would have to sign the existing loan program to secure an extention but this was an untenable position and at the end of the day, it was the creditor countries and institutions that took a step back says Professor James K. Galbraith, academic colleague and advisor to Finance Minister Yanis Varoufakis.TRNN | Miguel Tinker Salas: Venezuelan Gov. Releases Audio of Coup Plotters (02/27/15) [16:44]
On Thursday, Venezuela officials released recordings of what it said was proof that opposition figures and some military officers were plotting to overthrow the government - Analysis with Miguel Tinker Salas and Paul Jay.TYT | Conservatives Compete To Demonize The Poor At Annual GOP Clownfest (02/26/15) [7:24]
TYT | ISIS Smashes Priceless Ancient Statues In Gut-wrenching Video (02/26/15) [6:53]
TYT | Northeast US Sea Levels Rise 4 Inches In Two Years (02/26/15) [6:03]
TYT | Bullets Counted In Police Shooting Of Fleeing Man (02/26/15) [4:50]
Jon Stewart - Daily NewsJon Stewart | The 99% of the 1%, Hasan Minhaj investigates an overlooked and pressing case of inequality threatening a portion of the population in the United States. (02/27/15) [4:49]
*Jon Stewart | Why Does The Obama Administration Keep Prosecuting Whistleblowers? (02/27/15) [7:16]
Who's Behind the Secretive Group Bashing Elizabeth Warren's Favorite Agency?
Based off its name alone, the US Consumer Coalition--which bills itself as a "grassroots organization" that exists to "build bridges, ensure public awareness and mobilize the powerful voices of consumers and business owners to protect our freedom of choice"--sounds like the sort of outfit you'd expect to find sticking up for the little guy.
Yet last month, Brian Wise, one of the group's founders, penned an op-ed in the Hill attacking the Consumer Financial Protection Bureau, the consumer protection agency that came into existence in 2011 thanks to Elizabeth Warren. The CFPB crafts financial rules to protect ordinary consumers--making mortgage applications simple, preventing banks from hiding fees and charges, and cracking down on payday lenders.
... But the US Consumer Coalition--which other consumer groups told me they had never heard of--is run and staffed entirely by a Virginia public relations firm stuffed with ex-GOP operatives. In fact, Wise tells Mother Jones a group of donors--he won't say who--came to him last year and "hired" his firm, Wise Public Affairs, to set up the Consumer Coalition, which shares staff with his firm. ... Read more
Greece Suffers Biggest Bank Run In History: January Deposits Plunge To 2005 Levels
Despite Record Stocks & Surging Wage Inflation, Consumer Comfort Plunges Most In 10 Months
What do people have to be 'uncomfortable' about?!! Stock markets around the world are at record highs... real wages just jumped by the most MoM since 2008... So why oh why did Bloomberg's Consumer Comfort Index plunge to its lowest of the year, falling by the most since May 2014? Perhaps, just perhaps, the market is a red herring... distracting the plebeians from the reality of the economy? ...
Capital Goods Shipments Tumble, 6th Miss In A Row
Despite proclamations that "the shadow of crisis has passed," November durable goods orders were weak, December durable goods orders were weaker, and while January's noisy headline Durable Goods Orders beat expectations (+2.8% vs +1.6% exp), ex-Transportation it missed (printing +0.3% vs +0.5% exp.). A quick glance at YoY core capex and it is clear that the crisis has anything but passed. Capital Goods shipments fell a greater than expected 0.3% (against expectations of a 0.2% rise) for the sixth miss in a row and 3rd drop in the last 4 months. ...
Colossal Black Hole Is 12 Billion Times As Massive As The Sun, And It Has Astronomers Baffled
A black hole 12 billion times as massive as the sun has been found in a glowing quasar that existed when the universe was just a fraction of its current age, scientists said on Wednesday. ... Read more
Factcheck.org - A Project of the Annenberg Public Policy Center
Flackcheck.org - Political literacy companion. We provide resources to help students recognize flaws in arguments in general and political ads in particular.
SciCheck - feature focuses exclusively on false and misleading scientific claims
Democracy Now! U.S. and World News Headlines for Thursday, February 26 [13:44]
*DN | A Black Site in Chicago? Police Accused of Running Secret Compound for Detentions & Interrogations (02/26/15) [15:26],
Part 2 [11:22]
An explosive new report in The Guardian claims the Chicago police are operating a secret compound for detentions and interrogations, often with abusive methods. According to The Guardian, detainees as young as 15 years old have been taken to a nondescript warehouse known as Homan Square. Some are calling it the domestic equivalent of a CIA "black site" overseas. Prisoners were denied access to their attorneys, beaten and held for up to 24 hours without any official record of their detention. Two former senior officials in the Civil Rights Division of the Department of Justice are calling on their colleagues to launch a probe into allegations of excessive use of force, denial of right to counsel and coercive interrogations. We speak to Spencer Ackerman, national security editor at The Guardian. We are also joined by Victoria Suter, who was held at Homan Square after being arrested at the NATO protests in Chicago in 2012.*DN | Who Is Bankrolling the Islamic State? Private Donors in Gulf Oil States Cited as Key to ISIS Success (02/26/15) [14:19]
Jon StewartJon Stewart | Conservatives suggest that Jon's liberal bias has poisoned the Republican brand and negatively impacted political discourse. (02/25/15) [10:00]
TRNN | Author and journalist Kari Lydersen explains: Chicago Mayor Emmanuel Forced Into Historic Runoff (02/26/15) [11:52]
*TRNN | Phyllis Bennis, author of "Understanding the US-Iran Crisis: A Primer": Netanyahu on a Destructive Path (02/26/15) [14:51]
*TRNN | Prof. James K. Galbraith, academic colleague and advisor to Finance Minister Yanis Varoufakis, Greece on a Path to Negotiate from a Position of Democratic Strength (02/26/15) [6:35]
TYT | Secret CIA Black Sites In American Heartland For 'Disappearing' Citizens (02/25/15) [6:23]
TYT | The Obama-Hate Bubble Is FULL Of Stunning Beliefs (02/25/15) [6:46]
TYT | O'Reilly's Lee Harvey Oswald Lie Proves His Lying Goes Back Decades (02/25/15) [8:00]
TYT | America Has Lost It's Mind On The Issue Of Gun Control (02/25/15) [3:01]
RT | Keiser Report: Can Bitcoin save Greece? (E724) (02/26/15) [25:37]
second half, Max interviews Liam Halligan, editor-at-large at BNE.eu and columnist at the Telegraph, about the latest on the unpayable debt crisis in Greece. Liam suggests a Grexit will happen but that Greece won't be the first European nation to leave the euro.ThomHartmann | Prof. Stephen Cohen: The Ukraine Proxy & the New Cold War (02/24/15) [35:19]
How Banks Help the Super-Rich Hide Over $20 Trillion in Offshore Accounts
Ukraine Enters Hyperinflation: Currency Trading Halted, "Soon We Will Walk Around With Suitcases For Cash"
The Ukraine central bank tried to call a halt on Wednesday by banning banks from buying foreign currency on behalf of their clients for the rest of this week. Although banks could still trade with each other, by mid-morning there were no registered trades at any rate, leaving the currency in limbo. A construction worker exchanging dollars at a kiosk in a grocery shop in return for a bag filled with thousands of hryvnia, laughed and told shoppers: "Soon we will have to walk around with suitcases for cash, like in the 1990s." ... Read more
How Far Is It From Kiev To Athens?
We don't get it, and we definitely don't get why nobody is asking any questions. The IMF and EU make a lot of noise -- through the Eurogroup -- about all the conditions Greece has to address to get even a mild extension of support, while the same IMF and EU keep on handing out cash to Ukraine without as much as a whisper -- at least publicly... Read more
A Court Put a 9-Year-Old in Shackles for Stealing Chewing Gum -- an Outrage That Happens Every Single Day.
Susan Rice: Netanyahu Visit 'Destructive' To U.S.-Israel Relationship
Susan Rice, President Barack Obama's national security adviser, said Israeli Prime Minister Benjamin Netanyahu's planned speech in front of a joint session of Congress will be "destructive" to U.S.-Israel relations.
"What has happened over the last several weeks, by virtue of the invitation that was issued by the Speaker [John Boehner] and the acceptance of it by Prime Minister Netanyahu two weeks in advance of his election, is that on both sides, there has now been injected a degree of partisanship, which is not only unfortunate, I think it's destructive of the fabric of the relationship," Rice told PBS' Charlie Rose. ... Read more
A Court Put a 9-Year-Old in Shackles for Stealing Chewing Gum -- an Outrage That Happens Every Single Day
The nine-year-old stole a 14-stick pack of Trident "Layers" chewing gum, Orchard Peach and Ripe Mango flavor, worth $1.48. He'd lingered by the beverage isle of the Super 1 Foods in Post Falls, Idaho, for a while before bailing out the front door. The theft led to a missed court appearance, which led to an arrest and a night spent in a juvenile jail. The next day, the third-grader appeared in court, chained and shackled.
At least 100,000 children are shackled in the US every year, according to estimates by David Shapiro, a campaign manager at the Campaign Against Indiscriminate Juvenile Shackling. (Formal data on numbers of shackled kids does not exist.) As juvenile justice practices have grown more punitive over the past several decades, shackling has become far more common. Read more
What's New on Netflix (in March)
Films and Specials
"The Brothers Grimm"
"30 for 30: Of Miracles and Men"
"Monster High: 13 Wishes"
"Monster High: Ghouls Rule"
"Rules of Engagement"
"Food Chains" (March 5)
"The ABCs of Death 2" (March 5)
"Aziz Ansari Live at Madison Square Garden" (March 6)
"My Own Man" (March 6)
"The Angriest Man in Brooklyn" (March 9)
"Tyler Perry's The Single Moms Club" (March 9)
"After the Fall" (March 9)
"Cesar Chavez" (March 9)
"Monster High: Haunted" (March 10)
"How to Train Your Dragon 2" (March 11)
"Marvel And ESPN Films Present: Genesis" (March 15)
"You're Not You" (March 17)
"Dummy" (March 17)
"Life Itself" (March 19)
"God's Not Dead" (March 20)
"November Man" (March 23)
"Frankie & Alice" (March 27)
"Ask Me Anything" (March 31)
"The Main with the Iron Fists" (March 31)
"Unbreakable Kimmy Schmidt" (March 6)
"Archer," Season 5 (March 7)
"Glee," Season 5 (March 7)
"3rd Rock From the Sun," Complete Series (March 15)
"A Different World," Complete Series (March 15)
"Bloodline," Season 1 (March 20)
"Mad Men," Season 7 (March 22)
"Garfunkel and Oates," Season 1 (March 25)
"Turn," Season 1 (March 25)
"Trailer Park Boys," Season 9 (March 27)
Nothing False About Temperature Data
Rep. Gary Palmer falsely claimed on a radio show that temperature data used to measure global climate change have been "falsified" and manipulated.
Palmer, a Republican from Alabama, cited the so-called Climategate episode of five years ago, in which emails written by climate scientists purportedly showed evidence of data manipulation, and a more recent accusation of climate scientists tampering with data from temperature monitoring stations. The Climategate scandal has been subject to several separate investigations, all of which exonerated all scientists involved from any wrongdoing, and the latest data manipulation charges are a mischaracterization of standard and well-validated methods for adjusting temperature records to eliminate factors that could produce inaccurate readings. ... Read more
Democracy Now! U.S. and World News Headlines for Wednesday, February 25 [9:57]
*DN | Obama Vetoes Keystone XL Bill, But Fight over Climate-Threatening Oil Pipeline Isn't Over (02/25/15) [4:33]
*DN | Climate Deniers Exposed: Top Scientist Got Funding from ExxonMobil, Koch Brothers, Big Coal (02/25/15) [6:55]
*DN | Spy Cables: Greenpeace's Kumi Naidoo Targeted by Intelligence Agencies as "Security" Threat (02/25/15) [8:28]
Jon StewartJon Stewart | Jon Stewart Calls Out Bill O'Reilly: 'No One's Watching Him For The Actual Truth'. (02/25/15) [7:13]
PBS Frontline*PBS Frontline | The Rise of ISIS: Correspondent Martin Smith, who made "Truth, War & Consequences," "Beyond Baghdad," "Private Warriors" and "Gangs of Iraq, investigates the miscalculations and mistakes behind the brutal rise of ISIS. (10/28/14) [53:41]
GRITtvGRITtv | David Harvey: Money The Great Corrupter (02/24/15) [26:20]
*TRNN | How Banks Help the Super-Rich Hide Over $20 Trillion in Offshore Accounts (02/23/15) [14:18]
TRNN | Historian Greg Grandin reports: No Media Outrage Over O'Reilly Covering Up El Mozote Massacre (02/25/15) [9:29]
TRNN | Robert Kelley says: Iran's Intent is the Real Issue says Former IAEA Inspector (02/25/15) [13:40]
TYT | This Politician Is REALLY Confused About Women's Anatomy (02/24/15) [2:41]
TYT | Bill O'Reilly's "War Zone" Footage Released By CBS News (02/24/15) [10:09]
RT | CrossTalk: 70th anniversary of Yalta Conference (02/25/15) [24:41]
RT | Keiser Report: Sovietization of capitalism (E723) (02/24/15) [25:40]
St. Paul & the Broken Bones - Full Performance [21:49]
Days Before DHS Funding Runs Out, The Post-Shutdown Debate Is Heating Up
TSA agents would remain in airports, patrol agents would still be manning the border and Coast Guard officers would continue monitoring the waters if the Department of Homeland Security were to shut down. But out of the public eye, there would be major problems, DHS officials warned Monday, as the Feb. 27 deadline to fund the department creeps closer.
"A shutdown of DHS would have serious consequences and amount to a serious disruption in our ability to protect the homeland," Homeland Security Secretary Jeh Johnson said at a press conference at U.S. Citizenship and Immigration Services headquarters. ... Read more
In 1967, the CIA Created the Label "Conspiracy Theorists" ... to Attack Anyone Who Challenges the "Official" Narrative.
Fed's Yellen describes transition to 'meeting by meeting' debate on rate hike
The Federal Reserve is preparing to consider interest rate hikes "on a meeting by meeting basis," Fed Chair Janet Yellen told a congressional committee on Tuesday in a subtle change of emphasis in how the Fed has been speaking about its plans for the first interest rate increase since 2006.
In prepared remarks to the Senate Banking Committee Yellen described how the Fed's rate-setting policy committee will likely proceed in coming months - an effort to increase the Fed's flexibility and mute any potential market reaction as the central bank approaches its "liftoff" date. ... Read more
Fed Warns Equity Valuations "Appear Stretched", P/E Ratios Are "Somewhat Elevated"
Confirming last year's warning, The Fed's Monetary Policy Report has sent a broad message to the markets in what may be Yellen's Irrational Exuberance 2.0 moment: "Overall equity valuations by some conventional measures are somewhat higher than their historical average levels, and valuation metrics in some sectors continue to appear stretched relative to historical norms... price-to-earnings and price-to-sales ratios are somewhat elevated, suggesting some valuation pressures... with heightened leverage that is close to levels preceding the financial crisis." ... Read more
Is Citi The Next AIG?
JPMorgan is no longer America's undisputed derivatives king. Well, it still is at the HoldCo level, where it is number one in terms of notional derivatives with $65.5 trillion, but when one steps a level lower, namely the FDIC-insured commercial bank (the National Association or N.A.) level, something quite disturbing emerges. ...
Huge New Holes In Siberia Have Scientists Calling For Urgent Investigation Of The Mysterious Craters
Scientists were baffled last July when they discovered three giant holes in the ground in the Yamal Peninsula in northern Siberia. Now, with the help of satellite imagery, researchers have located four additional craters--and they believe there may be dozens more in the region.
... Researchers ventured deep inside one of the holes last November, collecting data in an effort to learn why the holes formed. The leading theory is that the holes were created by gas explosions triggered by underground heat or by rising air temperatures associated with climate change, the Siberian Times reported last December. ... Read more
*DN | Revolt at "Ritmo": Dire Conditions in For-Profit Texas Immigration Jail Spark Prisoner Uprising (02/24/15) [8:30]
*DN | As Netanyahu Tries to Stop U.S.-Iran Deal, Leaked Cables Show Israeli Spies Reject His Nuke Claims (02/24/15) [9:00]
GateKeepersIsrael's spy leaders call for peace: 'The Gatekeepers' (2012) [10:15]
While most people have heard of Mossad, few have heard of Israel's internal secret service, Shin Bet. For the first time, all six living former leaders of the this secretive spy agency have agreed to talk publicly. The result is the feature documentary The Gatekeepers (distributed by Madman Entertainment in Australia), which is screening at the Israeli Film Festival in Sydney before a general release around the country.
John Oliver*HBO | Last Week Tonight with John Oliver: Elected Judges (02/22/15) [13:26]
60Minutes*60 Minutes | A new kind of terrorist - Reports on the French neighborhood and prison that gave rise to the terrorists who carried out the two deadly attacks in Paris last month (02/15/15) [13:24]
60 Minutes | The Republican Leaders: Boehner and McConnell - House Speaker John Boehner and Senate Majority Leader Mitch McConnell sit down for their first joint interview since the new Republican majority Congress convened (02/15/15) [13:37]
TRNN | Michael Hudson says Greece's Finance Minister Yanis Varoufakis is proposing austerity on the banking class, rather than the working class, to balance the budget. (02/24/15) [12:47]
*TRNN | Mark Reutter, author of Making Steel: What Happened to Making Steel in Baltimore? Part 1 (02/24/15) [12:45]
TRNN | Mark Reutter, author of Making Steel: What Happened to Making Steel in Baltimore? Part 2 (02/24/15) [15:02]
TYT | Should Neil Patrick Harris Be Given A Pass For 'Treason' Joke? (02/23/15) [4:15]
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.
Dow, S&P 500 Hit Record Highs After Greece Debt Deal
* Nasdaq matches 8-day winning streak from year agoThe Dow and S&P 500 ended at record highs on Friday while the Nasdaq notched an eighth straight day of gains after Greek and euro zone finance ministers reached a deal to extend heavily indebted Greece's financial rescue by four months. ... Read more
* Three major indexes post gains for week
* Intuit rises after results
* Indexes up: Dow 0.9 pct, S&P 0.6 pct, Nasdaq 0.6 pct (Updates to close)
Biggest Winners and Losers of the Oil Price Crash
A Close Encounter With Jon Corzine (& MF Global)
MF Global Goes Bust
After losing to Chris Christie in 2010, Corzine was promptly hired as the CEO of MF Global. He was back in the game of finance - and with something to prove. While the majority of voters in New Jersey breathed a sigh of relief, the clients of MF Global could not imagine the disaster that would unfold.
And it did not take long. Corzine's idea was to turn an annuity-like brokerage business into a high flying investment bank (complete, it seems, with its own proprietary trading desk). When the firm's US$7 billion highly leveraged bet on risky Eurozone bonds turned sour in 2011, MF Global eventually ran out of funds to meet margin calls. What followed was the US$40 billion bankruptcy of a firm that traced its roots all the way back to the 18th century Britain -- after just a year and a half under Corzine's leadership. ... Read more
This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%
If anyone has stopped to ask just why global central banks are in such a rush to create inflation (but only controlled inflation, not runaway hyperinflation... of course when they fail with the "controlled" part the money paradrop is only a matter of time) over the past 5 years, and have printed over $12 trillion in credit-money since Lehman, the bulk of which has ended up in the stock market, and which for the first time ever are about to monetize all global sovereign debt issuance in 2015, the answer is simple, and can be seen on the chart below.
It also shows the biggest problem facing the world today, namely that at least 9 countries have debt/GDP above 300%, and that a whopping 39% countries have debt-to-GDP of over 100%! ...
Democracy Now! U.S. and World News Headlines for Monday, February 23 [10:55]
*DN | "Mayor 1%" Rahm Emanuel of Chicago Faces Progressive Challenge in Heated Bid for Re-election (02/23/15) [6:07]
*TRNN | Gerald Epstein: Will Quantitative Easing Solve the European Economic Crisis? (02/23/15) [7:25]
TRNN | Bill Black explains: Iceland's Supreme Court Upholds Jail Sentences of Four Banking Executives (02/23/15) [11:34]
TRNN | Michael Ratner says: The PA and the PLO Face Billion Dollar Trial in US Court (02/23/15) [13:54]
TYT | Jeb Bush Has A Dirty Secret & Conservatives Just Found Out (02/21/15) [3:40]
TYT | Jeb Bush Rejects His Brother By Doing More Of The Same (02/22/15) [7:08]
TYT | Tax-Hating Governor Targeted By Tax-Hating Purity Police (02/21/15) [10:42]
*RT | CrossTalk: Forever War (02/23/15) [24:04]
RT | Keiser Report: Central Bank Command, Control World (E722) (02/21/15) [25:45]
Winter Keeping Its Icy Grip Around The Eastern U.S.
The newest band of Arctic air could plunge parts of the Southeast and Mid-Atlantic into deep freezes that haven't been felt since the mid-1990s, according to the National Weather Service.
The cold snap followed snow and ice storms earlier in the week. The low temperatures caused much freezing and refreezing of snow, ice and roads. Weather forecasters warn that more sleet and freezing rain will be possible in the coming days.
That's nothing to folks in Embarrass, Minnesota. On Thursday, the community reported a temperature of 41 below zero -- without the wind-chill factor.
The Great SIM Heist
AMERICAN AND BRITISH spies hacked into the internal computer network of the largest manufacturer of SIM cards in the world, stealing encryption keys used to protect the privacy of cellphone communications across the globe, according to top-secret documents provided to The Intercept by National Security Agency whistleblower Edward Snowden.
The hack was perpetrated by a joint unit consisting of operatives from the NSA and its British counterpart Government Communications Headquarters, or GCHQ. The breach, detailed in a secret 2010 GCHQ document, gave the surveillance agencies the potential to secretly monitor a large portion of the world's cellular communications, including both voice and data. ... Read more
The 6 Walmart heirs have more wealth than the bottom 40% of the United States population combined.
PHOTOS | "Children Do Not Migrate -- They Flee": Striking Photos From Poverty-Ravaged Guatemala
In October 2013, I traveled to Guatemala's western highlands to report on the surge of children migrating from Central America to the United States. The largely indigenous region was more or less unchanged from when I'd lived in a village near the Guatemala-Mexico border in 2006, or when I'd returned to do graduate work there in 2009: It was poor, susceptible to natural disasters, and full of families with relatives living in the United States.
Photographer Katie Orlinsky visited many of the same places that I did, and her evocative work from Guatemala City and Quetzaltenango, the unofficial capital of the highlands, illuminates the poverty that continues to push children and families north. Recent data suggests that while far fewer Hondurans and Salvadorans have been arriving at the US border, the number of Guatemalans has dipped only slightly. As one Guatemalan migrant shelter official told Orlinsky, "Children do not migrate -- they flee." ... Read more
One of the best Comments stream I have ever read!!
Spot The "Unequivocally Good" Odd One Out
This won't end well... Or is it exactly what The Fed wanted - a collapse in the nation's biggest hiring sector that 'enables' more money printing?
Goldman Boosts AAPL Price Target To $145, Tells Clients To Buy (All It Has For Sale).
Democracy Now! U.S. and World News Headlines for Friday, February 20 [12:12]
*DN | NSA & British GCHQ Hacked SIM Card Maker to Steal Encryption Keys to Spy on Billions of Cellphones (02/20/15) [9:06]
*DN | An Unsolved Case of Racial Terror: FBI Probes 1946 Moore's Ford Bridge Lynching in Georgia (02/20/15) [12:41]
TRNN | David Swanson: Jeb Bush's First Foreign Policy Speech Emphasizes Militarism (02/20/15) [6:55]
Jeb Bush misses the point that Obama has proposed the biggest military spending budget in history of the world says David Swanson.TRNN | Dimitri Lascaris Report: Greece Request Extension on Loan Agreement (02/20/15) [10:13]
TRNN | Tarik Cyril Amar, Assistant Professor of History at Columbia: In Spite of Fighting in Debaltseve, Ukraine Ceasefire May Hold (02/20/15) [9:48]
*TYT | ISIS Boosted By Rumsfeld, Cruz & Other Troll-Feeders (02/19/15) [9:22]
*TYT | Final Judgment: Eric Holder vs. Bankers (02/19/15) [2:51]
TYT | Jeb Bush Just Like His Brother In The Scariest Way (02/19/15) [3:41]
TYT | Is Rudy Guiliani A Love-Truther? Or Worse? (02/19/15) [5:36]
RT | CrossTalk: Unforgetting Libya (02/20/15) [23:40]
RT | Keiser Report: Global Market For Conflict (E721) (02/20/15) [25:26]
In the second half, Max continues his interview with Mitch Feierstein of Planet Ponzi.com about the Carney effect on the Canadian dollar and the velocity of money. Mitch also has a chart, the most important chart the audience will ever see and that is the gold price chart. He tells the Keiser Report what it means for the future of monetary policy and our economies.Ring of Fire | States are often called the Laboratories of Democracy, and states with Republican governors are being subjected to some of the worst test policies imaginable. (02/18/15) [8:20]
ThomHartmann | The Polar Vortex and Koch Brothers' Profits... (02/19/15) [6:07]
ThomHartmann | Another Reason we Need Big Government... (02/19/15) [6:10]
Criminalization of Poverty Run Amok: 500 Anti-Homeless Laws in One State Alone
Today, society's target is homeless people. Beginning in the 1980s when the federal government slashed the affordable housing budget, cities have enacted thousands of laws to criminalize basic human needs such as resting, sleeping, standing, and sitting, as well as acts like panhandling and food sharing.
That's why the Western Regional Advocacy Project, a network of homeless advocacy groups on the West Coast, is pushing to pass the Right to Rest Act in Oregon, Colorado and California this year. The act, the first of its kind, would protect all residents' right to rest, allowing people to occupy and use public spaces without fear of discrimination. The legislation was written based off interviews with more than 1,400 homeless people. It would also serve as a model legislation that could be enacted in every state across the nation. ... Read moreCalifornia's New Vagrancy Laws: The Growing Enactment and Enforcement of Anti-Homeless Laws in the Golden State
California: With 12 percent of the U.S. population, California is "home" to more than 22 percent of the nation's homeless people.
Tropical Cyclone Marcia: Storm due to hit Queensland, Australia as category five system
It is due to hit between St Lawrence and Gladstone. So far residents in St Lawrence, Clairview, Ogmore and Marlborough have been asked to evacuate.
Police Constable Matt McKinnon said it was in the best interest of locals who had homes built before 1984 to go to shelters. "The pre-1984 homes are not structurally sound to take that amount of wind gusts," he said. A very destructive central core of the cyclone could generate gusts up to 295 kilometres an hour, the Bureau of Meteorology warned. ... Read more
The California Drought, Who Gets The Water and Who's Hung Out To Dry?
The historic drought has dredged up old feuds over who can lay claim to water in a thirsty state. As the powerful lobby for the agricultural industry -- which currently consumes 80% of California's water supply -- cries for more water to be pumped to their farms in the arid regions of the Central Valley, just who would be left high and dry? ...
Casino Billionaire Sheldon Adelson Is Shocked -- Shocked! -- by Online Gambling
Casino magnate and conservative megadonor Sheldon Adelson has been on a full-scale crusade against internet gambling. An advocacy group he launched and helps to bankroll is currently at the vanguard of a lobbying effort to pass a federal ban on online wagering. The billionaire, who says he'll spend "whatever it takes" to support the ban, claims he opposes internet gambling on "moral" grounds, because it preys on the most vulnerable members of society. What he doesn't say is that for years his company, Las Vegas Sands Corp., tested the waters on getting into this business for itself. ... Read more
Democracy Now! U.S. and World News Headlines for Thursday, February 19 [11:41]
*DN | As Extreme Cold Engulfs Eastern U.S., Fossil Fuel Mishaps Leave Disaster Areas on Fire (02/19/15) [13:50]
Anti-Bank Activist Could Be the Next European Leader to Stand Up to the Banks (02/18/15) [17:42]
DN | Meet Josť Espinoza, an Undocumented Worker Impacted by Delayed Reprieve (02/19/15) [11:46]
FukushimaNPR | Vollmann Writes About Fukushima's 'Quiet Horror' In 'Harper's Magazine' (02/12/15) (NPR audio)
*ABC.net.au | Correspondent Matthew Carney: Inside Fukushima (02/18/15) [7:35]
Earth website - Tropical Cyclone Marcia to hit Queensland, Australia*Tropical Cyclone Marcia: Storm due to hit Queensland, Australia as category five system
Winds in the North American region
TYT | Inspiring Heroes Emerge Amid Denmark Shooting (02/18/15) [5:50]
*TYT | How We're Walking Into An ISIS Trap (02/18/15) [9:21]
TYT | Bill O'Reilly & ISIS Share The Same Goal & It's Terrifying (02/18/15) [8:50]
RT | CrossTalk: Cold-shoulder War (02/18/15) [24:13]
ThomHartmann | Caller: A Lion Won't Eat you if He's Not Hungry... (02/18/15) [3:26]
ThomHartmann | We Can Not Kill Our Way Out of This War! (02/18/15) [5:52]
ThomHartmann | Caller: Who Cares if ISIS is Building Hospitals? (02/18/15) [5:38]
Greece To Run Out Of Cash In Under One Week
"February 24 is expected to be the first crucial day for state finances, as projections of cash flows see state coffers starting to run dry on that date. The state of cash reserves -- not robust before -- has deteriorated further in recent days due to a shortfall in revenues, as a 1-billion-euro hole in January revenues is putting the execution of the state budget in jeopardy and hampering the management of cash reserves. Given these figures, the Finance Ministry estimates that cash reserves will run out next Tuesday. ... Read more
The costs of ill-conceived financial policies, the most ill-conceived financial policy of all is "extend-and-pretend", end up being paid by taxpayers, savers, borrowers and those who lose their jobs in the inevitable bust. Those who conjured up the disastrous policies slink away to plush villas or defend their stubborn addiction to failed ideologies in the media.
Track The Massive Congestion At The Port Of Long Beach In Real Time
Things on the West Coast Ports are going from bad to worse (for those who missed it read "Catastrophic Shutdown Of America's Supply Chain" Begins: Stunning Photos Of West Coast Port Congestion), and with no resolution in sight, it is now beginning to cripple the US economy. Here is a brief summary, courtesy of the WSJ, of how the near-strike is already impacting various businesses across the US: ...
Swiss prosecutor raids HSBC office, opens criminal inquiry
Geneva's public prosecutor searched HSBC's (HSBA.L) lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week.
Europe's largest lender is in regulators' sights after details about how its Swiss private bank allegedly helped wealthy clients dodge taxes were leaked to the media and published last week. ... Read more
The flowing waters of Niagara Falls turn to ice as the temperature drops
[SLIDESHOW] A partially frozen American Falls in sub-freezing temperatures is seen in Niagara Falls, Ontario February 17, 2015. Temperature dropped to 6 degrees Fahrenheit. ... Read more
Democracy Now! U.S. and World News Headlines for Wednesday, February 18 [10:13]
*DN | Wall Street Scandal: Defense Contractor the Carlyle Group, Rahm Emanuel & Chris Christie (02/18/15) [7:44]
*DN | Matt Taibbi on How Wall Street Hedge Funds Are Looting the Pension Funds of Public Workers (older, but good) [7:04]*DN | Rejecting Austerity, Greece Squares Off with Its Creditors & Risks Future in Eurozone (02/18/15) [14:38]
RollingStone | Looting the Pension Funds by Matt Taibbi (article) (older, 09/26/13)
DN | Jailed For Speaking to the Press: How the Obama Admin Ruined Life of State Dept Expert Stephen Kim (02/18/15) [14:54]
Jon Stewart*Jon Stewart | Jordan's King Abdullah takes a tough stance against ISIS, leaving conservatives wishing that President Obama would act more like a Muslim monarch. (02/17/15) [7:28]
TRNN | Economist Shir Hever also discusses an Associated Press report about attacks on the Gaza civilian population during Operation Protective Edge. (02/18/15) [13:03]
TRNN | House Republicans reintroduced legislation that would bar the Internal Revenue Service from drafting basic protocol until it's investigated for actions it allegedly carried out two years ago. (02/18/15) [4:40]
TYT | Residents Of America's Food Stamp Capital Continue To Vote Against Their Self-Interests (02/17/15) [4:48]
TYT | State Senator Tom Corbin: Women Are A "Lesser Cut Of Meat" (02/17/15) [2:56]
TYT | The History Of Lynchings In America. STUDY Released (02/17/15) [9:53]
TYT | No Sex On The Mars One Mission. (02/15/15) [5:21]
RT | Correspondent Murad Gazdiev and his crew caught under mortar shelling at Ukraine, Donetsk Airport (02/17/15) [2:39]
Ring of Fire | Corporate America's Psychological Gambit (02/17/15) [8:13]
Ring of Fire | Shameless Fossil Fuel Judge Dismisses Epic Lawsuit (02/16/15) [5:00]