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Local News & Opinion
05.02 11 Baltimore City Students Win Awards in Md. History Day Competition Ref.: Civic Events Ref.: Arts & Education Events Ref.: Public Service Notices Travel
Books, Films, Arts & Education
Letters
Ref. : Letters to the editor Health Care & Environment
05.15 Horrific Injuries Linked to BP Dispersant Corexit 05.15 'Last Call at the Oasis': Why Time Is Running Out to Save Our Drinking Water 05.14 German Government to Oppose Fracking 05.11 Petition calls on Brazilian president to veto 'catastrophic' forest code 05.11 Bans on School Junk Food Pay Off in California 05.11 When half a million Americans died and nobody noticed 05.10 Game Over for the Climate 05.10 Pollution: the great leveller 05.10 New study: Amish prove raw milk promotes health in children 05.10 Big Agriculture's Big Secrets: 9 Things You Need to Know About the Food You Eat 05.09 Gloria Feldt: The War on Women [video] 05.02 Common Pesticide “Disturbs” the Brains of Children 05.02 Humans Still Evolving as Our Brains Shrink 05.01 Big Changes in Ocean Salinity Intensifying Water Cycle Ref. High health-care costs: It’s all in the pricing - graphic Ref. Dollars for Doctors - How Industry Money Reaches Physicians Ref. 2010 Comparative Price Report Medical and Hospital Fees by Country - Graphics Ref. Health at a Glance 2011 - OECD Indicators Ref. : Why is Healthcare Absurdly Expensive in USA (Part 2) [Graphics] (Part 1 is here) Video Health Care Systems in Less Corrupt Countries “News” Media
05.01 News Corporation has sought to undermine elected governments Daily The Daily Howler Justice Matters
05.16 Is the filibuster unconstitutional? 05.15 MONEY UNLIMITED 05.11 How the Corporate Right Hijacked America's Courts to Enrich the Top 1 Percent 05.03 Supreme Court Favorability Reaches New Low 05.01 Eliot Spitzer’s challenge to DOJ as it investigates Wall Street: ‘Bring some cases’ - video 05.01 Laissez-faire with strip-searches: America's two-faced liberalism US Politics, Policy & Culture
05.16 5 Ways Conservatives are Destroying the Institution of Marriage 05.16 Congress: The TSA Is Wasting Hundreds Of Millions In Taxpayer Dollars 05.16 The Economic Case for Same-Sex Marriage 05.16 If Information Is Power, What Is Lack Of Information? [video] 05.15 IMAGE: It doesn't have to be true, just credible... 05.15 WEDDING BELLS 05.15 Memo to Mitt: Time to Fess Up on Bullying 05.14 “The truth will set you free. But first, it will piss you off.” 05.14 Hedges: How Our Demented Capitalist System Made America Insane 05.11 Why Atheists Have Become a Kick-Ass Movement You Want on Your Side 05.11 Fixable Error, New Insight, and Social Security 05.10 Ballot Access 05.10 Christian Conservatives vs. Sex: The Long War Over Reproductive Freedom 05.03 Out of the Margins, Into the Fray 05.03 Occupy May Day: Voices from the LA protests [video] 05.02 Jon Stewart Assails GOP for Their Hypocrisy on Obama Campaign Bringing Up Bin Laden [video] 05.02 Hamptons Home Prices Rise as Buyers Prefer Luxury Deals 05.02 The Administration Is Scared of Its Own Regulatory Shadow High Crimes?
Economics, Crony Capitalism
05.16 “What Scares Me Isn’t $2 Billion Loss JP Morgan Made, What Scares Me is the Record $19 Billion in Profits” [video] 05.16 Republican Party suckles at the breast of Big Business 05.16 Weisbrot and Krugman are Wrong: Greece cannot pull off an Argentina 05.15 Greek deadlock heightens fears of full European economic crisis 05.14 Why We Regulate 05.11 Indentured Servitude for Seniors: Social Security Garnished for Student Debts 05.11 Breaking Up Four Big Banks 05.11 Wall Street’s immunity 05.11 How Wall Street Killed Financial Reform 05.10 Real Estate 4 Ransom -- locking up the Great American Dream 05.10 Quelle Surprise! Fed Defends Incompetent Bank Management Against Investors 05.10 Europe’s Problems Multiply 05.09 Ryan Shrugs: Overlooked GOP Budget Provision Would Fuel Offshoring With New Tax Incentives 05.09 Top 1% Fills Gov. Scott Walker’s Recall War Chest With $25 Million 05.09 ALEC Affiliated Corporations 05.09 Teachers’ Board Becomes Fifteenth Group To Drop ALEC 05.09 ALEC’s Top Five Anti-Environment ‘Model’ Laws 05.09 Special Rights for ALEC: Three States Exempt Stealth Corporate Lobbying Group From Lobbying Rules 05.09 A web of privilege supports this so-called meritocracy 05.03 How Wall Street Drives Up Gas Prices -- Ripping Us Off and Killing Jobs 05.03 Paul Krugman on How to Fix the Economy - and Why It's Easier Than You Think 05.02 There is an alternative to austerity 05.01 Under Catholic pressure Paul Ryan backs away from Rand, Objectivism 05.01 Tax Me, for F@%&’s Sake! 05.01 Tea Party Congressmen Accept Cash From Bailed-Out Bankers 05.01 Paul Krugman and Ron Paul discuss economics – as it happened 05.01 No alternative to austerity International
05.15 IDF closes Palestinian school to make way for West Bank training zone 05.14 Noam Chomsky on: 05.14 INFOGRAPHIC: Gas Spending Around The World 05.14 Graphic: Products of Slavery 05.14 Israel warned of volatile situation as Palestinian hunger strikers near death 05.14 How Right-Wing Extremists and Islamists Are the Same 05.14 Guatemala's land grab and massacre 05.11 U.S. Military Taught Officers: Use ‘Hiroshima’ Tactics for ‘Total War’ on Islam 05.11 Thousands of British police join anti-austerity protest 05.10 China Investment Corp. Stops Buying Europe Government Debt on Crisis Concern 05.09 Inside Syria's crackdown: 'I found my boys burning in the street' 05.03 “We Did Not Choose This War” and Other Hypocrisies 05.03 Jobless Rate Reaches New High in Euro Zone 05.02 Collapsing Afghanistan & Pakistan Refuse to Cooperate with Obama Photo Op 05.02 Free the torture report 05.01 What Did You Do In The War, Daddy? 05.01 Quebec students ignite the popular imagination 05.01 Occupy Wall Street Plans Global Protests in Resurgence We are a non-profit Internet-only newspaper publication founded in 1973. Your donation is essential to our survival.
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U.S. DICTATORSHIP:Belligerent Until the Bitter EndIf You Can't Win One War, Start Another The Bush regime currently has wars underway in Afghanistan and in Iraq and can bring neither to a conclusion. Undeterred by these failures, the Bush regime gives every indication that it intends to start a war with Iran, a country that is capable of responding to US aggression over a broader front than the Sunni resistance has mounted in Iraq.The US lacks sufficient conventional capability to prevail in such widespread conflict. The US also lacks the financial resources. Iraq alone has already cost several hundred billion borrowed dollars, with experts' estimates putting the ultimate cost in excess of one trillion dollars. Moreover, the Bush regime's belligerent foreign policy extends to regions beyond the Middle East. The Bush regime has recently declared election outcomes in former Soviet republics as "unacceptable." The Bush regime with the support of both political parties preaches democracy to the world while ignoring it at home. Polls show that Americans are opposed to open borders and amnesties for illegals. But a government willing to dictate to the world is willing to dictate to its own citizens. The "unacceptable" outcomes are those that do not empower parties aligned with the US and NATO. Russians view the Bush regime's "democracy programs" for Ukraine, Georgia and Belarus as an effort to push Russia northward and deprive it of warm water ports. Russian leaders speak of the "messianism of American foreign policy" leading to a new cold war. An article in the current issue of Foreign Affairs, long regarded as a voice of the American foreign policy establishment, concludes that the Bush regime "is openly seeking primacy in every dimension of modern military technology, both in its conventional arsenal and in its nuclear forces." The article suggests that the US has now achieved nuclear superiority and could succeed with a preemptive nuclear attack on both Russia and China. Considering the extreme delusions of the neoconservative warmongers who control the Bush regime, the publication of this article will encourage more aggressive assertions of American hegemony. The article has "had an explosive effect" in Russia, according to former prime minister Yegor Gaidar. The fact that Russia's nuclear missiles are no longer seen to be sufficiently robust to serve as deterrents could dangerously unleash restraints on the neoconservatives' proclivity to impose their will on the world. The authors of the Foreign Policy article write that America's nuclear primacy positions the US "to check the ambitions of dangerous states such as China, North Korea, and Iran." Neocons, of course, never see their own ambitions as dangerous. The Bush regime has succeeded in committing America to a belligerent and messianic foreign policy that means years of wars at a minimum and likely preemptive US nuclear attacks against other countries. How will Americans pay for the decades of war that the neocons are fomenting? The Afghan and Iraqi wars are being financed by the Chinese and Japanese whose loans cover the Bush regime's budgetary red ink. Can US nuclear primacy succeed in forcing the indefinite extension of this financing as a form of tribute? Can the neoconservatives subdue the Islamic Middle East with nuclear weapons without endangering the flow of oil? The classic method of war finance is inflation. The Romans destroyed the intrinsic value of their coinage with lead. When the US can no longer sell its bonds, it can print money. The US might have nuclear primacy, but it no longer has economic primacy. The US economy has been living on debt. In 2005 American consumers overspent their incomes for the first time since the Great Depression. The rising trade deficit is cutting into economic growth. Middle class jobs for Americans are being lost to offshore outsourcing and to foreigners brought in on work visas. Salaries in the jobs that remain are being forced down. Adjusted for inflation, starting salaries for university graduates are declining. Business Week's Michael Mandel (September 15, 2005) compared starting salaries in 2005 with those in 2001. Adjusted for inflation, starting salaries for university graduates are declining. He found a 12.7% decline in computer science pay, a 12% decline in computer engineering pay, and a 10.2% decline in electrical engineering pay. Psychology majors experienced a 9.3% fall in starting salaries, marketing a 6.5% decline, business administration a 5.7% fall, and accounting majors were offered 2.3% less.Economist Alan Blinder, a former vice-chairman of the Federal Reserve, estimates that 42-56 million American service sector jobs are susceptible to offshore outsourcing. Whether or not all of these jobs leave, US salaries will be forced down by the willingness of foreigners to do the work for less. By substituting cheaper foreign labor for US labor, globalization boosts corporate profits and managerial bonuses at the expense of workers pay. We are seeing the end of the broadly shared prosperity of the post-WWII era. Education and re-training are no protection against offshoring and foreign workers entering America on work visas. Americans at the lower end of the income scale are being decimated by massive legal and illegal immigration that has dramatically increased the labor supply in construction, cleaning services, and slaughterhouses. With incomes flat or falling and prices rising, increased taxation to finance the neoconservatives' wars of aggression is not in the cards. The Bush regime with the support of both political parties preaches democracy to the world while ignoring it at home. Polls show that Americans are opposed to open borders and amnesties for illegals. But a government willing to dictate to the world is willing to dictate to its own citizens. We are witnessing the American citizen's loss of his voice and the rise of concentrated power. The primacy that the neocons are seeking over the world will prevail over the American people, too. Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions. He can be reached at: paulcraigroberts@yahoo.com
Read more: Copyright © 2006 The Baltimore Chronicle.
All rights reserved. Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent. This story was published on April 6, 2006. |
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