Crooks
Industrial civilization is killing the planet
“It should be clear to everyone by now—even those with a vested interest in ignorance—that industrial civilization is killing the planet. It’s causing unprecedented human privation and suffering. Unless it’s stopped, or somehow stops itself, or most likely collapses under the weight of its inherent ecological and human destructiveness, it will kill every living being [...]
The end of the era of American possibility
“We may be approaching the end of the era of American possibility,” writes Orville Schell in TomDispatch. He despairs over “the best” of America’s public educational institutions “driven into the ground thanks to devastating, repeated budget cuts; a national energy system . . . terminally strung out on oil and coal . . . the [...]
Wall Street crooks under investigation
In “Banks Bundled Bad Debt, Bet Against It and Won,” New York Times reporters describe how Goldman Sachs and other financial firms earned billions and cost their customers trillions “creating mortgage-related securities . . . intended to protect Goldman from investment losses if the housing market collapsed. . . . Worried about a housing bubble, [...]
The economy is the least of our problems
Despite a non-stop barrage of overly optimistic press releases based on phony statistics, ongoing coverups of fraud, and tea readings, the economy is closer to complete collapse today than it was at this time last year. The truth that the spinmeisters dare not speak is that the gears of trade, from the ports of Asia [...]
$23.7 trillion giveaway to Wall Street
In “Obama’s Big Sellout,” Rolling Stone writer Matt Taibbi says “the president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway” which could ultimately cost taxpayers $23.7 trillion. “And while the government continues to dole out big money to big banks, Obama and his team . [...]
So, how are your kids doin?
“The American economy is broken, ruined by the greed and irresponsibility of fabulously wealthy corporate chieftains and their shabby acolytes and enablers in government,” writes Bob Herbert in the New York Times. He’s watching the Thanksgiving Day parade and thinking about all the kids in the crowd. “While Wall Street is handing out billions in [...]
15 Signs American Society Is Coming Apart at the Seams
AlterNet sees “15 Signs American Society Is Coming Apart at the Seams”: 1) Inequality of wealth unprecedented, 2) DOW hits 10,000 and big banks bailed out with taxpayer money give billions in bonuses, 3) Middle class collapsing, 4) While older workers lost big chunk of 401k needed for retirement, 400 richest Americans added $30 billion [...]
Financial innovations = gambles, con games
“Financial innovation” is just Wall Street code for “gambling in the shadowy $670 trillion global derivatives market,” says Paul Farrell, in Marketwatch. Wall Street is “spending millions on lobbyists to kill financial-regulation reforms” because it “rakes in billions of dollars annually from their ‘financial weapons of mass destruction,’ as [Warren] Buffett calls them.” Farrell cites [...]
Top 25 Censored Stories for 2010
Project Censored has released its “Top 25 Censored Stories for 2010.” The list, compiled annually by sociology students at Sonoma State University, represents news that has been repressed by political, economic, and/or legal pressure on the mainstream media. Here are the stories the MSM has been intimidated into quashing (details on the website or in [...]
The recession is over! Enjoy the Depression.
“From a technical perspective, the recession is very likely over at this point.” So said Federal Reserve Chairman Ben Bernanke on September 15th, 2009 (MarketWatch). What he failed to mention is that, from a real-life perspective, the Depression is well underway. Bernanke’s “technical” bright spots–home prices and sales are up, job losses have slowed, retail [...]
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Recommended sites
- Charles Hugh Smith
- Global Climate Change - NASA
- James Howard Kunstler
- Joseph Romm
- Life After the Oil Crash
- Mother Earth News
- National Geographic - Environment
- No-Dig Vegetable Garden
- Post Peak Living
- Sharon Astyk
- The Oil Drum
