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Books, Films, Arts & Education

07.11 7,000+ Colleges and Universities Declare Climate Emergency and Unveil Three-Point Plan to Combat It [Fox News and Betsy DeVos never talk about this stuff so it must be Bull Shit, right?]

Letters

Ref. : Letters to the editor

Health Care & Environment

07.19 'Unprecedented' Decline of Plants and Animals as Global 'Red List' Reveals Nearly One-Third of Assessed Species Under Threat

07.17 ‘Off-the-charts’ heat to affect millions in U.S. in coming decades

07.17 Planned Parenthood president Leana Wen forced out by board [Given that states have lost abortion rights on political grounds recently, Wen's philosophical approach to protect abortion rights based on ‘health care’ was smarter – therefore it was that smarter strategy that was killed at the secret meeting.]

07.17 Billions of air pollution particles found in hearts of city dwellers

07.17 What is happening in America's Cancertown is tragic, immoral and evil [Niggardly white government policies could change to produce better students, better jobs and net revenue instead of costs. But it seems they enjoy more cruelty—like Trump.]

07.16 US aid cuts to UN agency will hurt vulnerable women and children, critics say

07.16 Trump abortion restrictions in effect for taxpayer-funded clinics

07.15 The response to DRC’s Ebola crisis isn’t working. Here’s what we need to do

07.15 Extinction Rebellion protests block traffic in five UK cities [Non-corporate human animals make their annoying bleating sounds...]

07.14 A Glacier the Size of Florida Is Becoming Unstable. It Has Dire Implications for Global Sea Levels [The willfully ignorant needn't read more, Trump]

07.13 'Climate Despair' Is Making People Give Up on Life [Willfully ignorant governments—having fired many of their best scientists—have made themselves too stupid to despair]

07.13 Trump administration to approve pesticide that may harm bees [The worst government money can buy!]

07.12 These solar panels don’t just generate power—they produce drinking water

07.12 David Attenborough: polluting planet may become as reviled as slavery [1:34 video]

07.10 Plastic Has A Big Carbon Footprint — But That Isn't The Whole Story [Fixing our world begins by educating your consciousness with the best truth from trustworthy news sources—so you'll then insist truly bad things will get fixed. But if instead you are educated by untrustworthy news sources—then your consciousness could be warped to where you are hating and fighting with your best friends. Clue: untrustworthy news sources never seriously report news about the world's most critical emergency—Global warming.]

07.10 Molly Scott Cato: ‘It’s the wealthy who are causing climate change’

07.09 Judge reinstates Madrid's low emissions zone [Yeh!]

07.07 How Solar Panels Work (And Why They're Taking Over the World) [Hope they leave space between panels for wild flowers to grow so birds and butterflies can flourish!]

07.05 Tree planting 'has mind-blowing potential' to tackle climate crisis

07.04 On reflection: how the 'albedo effect' is melting the Antarctic

07.04 US produces far more waste and recycles far less of it than other developed countries [As expected—and made worse by Trump—the U.S. is best at being the worst]07.03 Booming LNG industry could be as bad for climate as coal, experts warn

07.03 Deep-sea mining to turn oceans into ‘new industrial frontier’

07.03 Caravan of Americans battling diabetes heads to Canada for affordable insulin [3:36 video; Like Central Americans flee for their lives from criminal drug gangs, Americans flee for their lives for affordable pharmaceutical drugs]

News Media Matters

07.18 In Sinclair's New 'Must-Run' Segment, Former Trump Adviser Tries to Defend Racist Attacks on 'the Squad'

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

07.18 Deadly Delays in Jail Construction Cost Lives and Dollars Across California

07.18 Inside Trump's DC hotel, where allies and lobbyists flock to peddle their interests [Also, too much ignored by media, the $millions "donated" corrupting moderate Democrats and Republicans every election cycle must stop]

07.18 This Republican's Case for Medicare for All [A well-informed Republican is rare, so let's hold him in the light so others may learn]

07.18 Trump rally crowd chants 'send her back' after president attacks Ilhan Omar [1:03 video shows Trump pandering to his ignorant idolaters, and together they're making America a greater shit-hole country]

07.18 "Can't Change a Corrupt System by Taking Its Money": Sanders Urges All 2020 Democrats to Reject Insurance, Big Pharma Cash [49:02 video w/ lousy sound]

07.17 Why Democrats’ oversight machine is moving so slowly against Trump

07.17 Here's the real reason Trump is attacking 'the squad': he's scared of their politics

07.17 'Good,' Says Elizabeth Warren, After Billionaire Right-Winger Peter Thiel Says She's 2020 Democrat He Is 'Most Scared By'

07.17 The American Right Defines Patriotism As Complacency About Racism

07.17 This is what today's America looks like. The squad is us

07.16 As Trump Sows Discord, Chief of Staff Mulvaney Reportedly Focused on 'Building Empire for the Right Wing' [And the South shall rise again...]

07.16 George Will's startling assessment of Donald Trump

07.16 Describing 'Future We Want to Live In' Scores of Groups Unveil New Blueprint for Reproductive Rights

07.16 'Do not take the bait': congresswomen denounce racist Trump attack [3:50 video]

07.16 Money Laundering Scandal Forces Puerto Rico’s Governor to Cut His Vacation Short — Just in Time for Another Scandal

07.16 Turnstile teaching [The problem is NOT the color of students skin, as our fake President reflexively thinks. The problem is the lax attitude and deficient funding by government to always do a much better job for a better future.]

Justice Matters

07.16 Contempt [Variations of frequent loss & theft of property title by organized legal efforts against black owners]

07.15 Australia 'deeply concerned' about China's treatment of Uighur people [What are the reasons, exactly, that justify harsh imprisonment of a million people?]

07.15 Zuma tells South Africa corruption inquiry he is victim of foreign plot [Unaccountable corrupt governments are so in fashion these days...]

07.14 Warren vows to probe U.S. crimes on immigrants if elected [Can you imagine living in a nation with a working Justice System? How far we've fallen!]

High Crimes
Economics & Corrupt Capitalism

07.18 Corporate tax cuts blocked at least 15,000 affordable homes in California. Here’s how

07.15 China’s Economic Growth Hits 27-Year Low as Trade War Stings

International & Futurism

07.18 There are 16 million slaves around the world making our stuff

07.18 ‘No rioters, only a tyrannical regime’: Thousands of Hong Kong seniors march in support of young extradition law protesters [Most people around the world have more in common with these Hong Kong Chinese protestors than with the ignorant people at Trump rallies]

07.18 Dozens Arrested as Over 1,000 Jewish Activists and Allies Shut Down Entrances to ICE Headquarters Demanding Closure of Trump Detention Camps [Obviously these are not the immoral and less educated right-wing jews who support Netanyahu, Trump and ICE, and who slowly exterminate Palestinians when no one is looking]

07.17 Trump Murdered the Iran Deal—And Europe Isn’t Too Happy About It [Only psychopathic Saudi Arabia and Russia are U.S. ’allies’ now...]

07.17 Trump’s Unlawful Asylum Policy Is a Jab at Mexico

07.16 Trump’s race fantasy is clear: the US as home for whites fleeing Europe [1:09 video]

07.15 India’s Terrifying Water Crisis

07.15 Australia now has the highest minimum wage in the world [From 1960 to 2018 – the U.S. has fallen from 1st place to below the tenth place and off the chart]

07.14 Kasich: The chilling effect of British ambassador's leaked memos

07.14 'Just a matter of when': the $20bn plan to power Singapore with Australian solar

07.14 At least 24 Yellow Vests lost eyes in violent protests. Now they're more determined than ever [Protests of all kinds will continue until systemic inequality loses political dominance]

07.13 New Zealand Begins Gun Buyback Prompted by Mosque Attacks

07.13 After a Police Shooting, Ethiopian Israelis Seek a ‘Black Lives Matter’ Reckoning [Since so-called modern humans evolved there have been 10,000 generations of people. It is extremely far-fetched to think anyone is racially pure. SO ALL THIS HATE IS INCREDIBLY STUPID.]

07.13 After a Police Shooting, Ethiopian Israelis Seek a ‘Black Lives Matter’ Reckoning

07.13 Brazil’s President May Appoint Son, Friend to the Trumps, as Ambassador to U.S. [Friend of the Trumps, so we know they're all brain-dead except about near-term profits. They are clear-cutting the Amazon Rain Forest to feed-then-butcher millions of methane farting cows, over and over. Yep, that's there business plan. So therefore the rest of the world will hopefully plant billions of trees elsewhere to sequester CO2 to offset what the Bolsonaro family and investors are destroying. What's wrong with this picture?]

07.13 Trump’s Cruelty and Mexico’s Duty [Our president is immoral to his core and reacts to things like a child, not understanding that his actions are often crueler than they should be. And that cruelty will never completely be excused or forgotten—the people's hatred of Trump is growing, like the Texan's hatred when President General Santa Anna laid seige to the Alamo, which was Mexico's territory at the time...]

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  Our Collapsing Economy
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ECONOMIC COMMENTARY:

Our Collapsing Economy

US's Negative Net Worth at $59.3 Trillion

by Paul Craig Roberts
Monday, 12 January 2009
Who is going to lend to a bankrupt government that is ruled by financial crooks, the military-security complex, and the Israel Lobby? How long will the world finance US aggression that disrupts energy prices, keeps the world on edge, and makes America’s creditors complicit in war crimes?
According to the Bureau of Labor Statistics, nonfarm payroll employment declined by 3,445,000 from December 2007 through December 2008.

The collapse in employment is across the board.

Construction lost 520,000 jobs. Manufacturing lost 806,000 jobs. Trade, transportation and utilities lost 1,495,000 jobs (retail trade accounted for 1,120,000 of this loss). Financial activities lost 145,000 jobs. Professional and business services lost 713,000 jobs. Even government lost 188,000 jobs.

Only in health care and social assistance has the economy been able to eke out a few new jobs.

Many analysts believe the job losses will be as great or greater during 2009.

Moreover, the reported job losses are likely understated. Noted statistician John Williams (shadowstats.com) reports that biases in measurement have understated the job loss over the last 12 months by 1,150,000 jobs.  Williams reports the unemployment rate as it was measured prior to “reforms” designed to minimize the measured rate of unemployment. According to the methodology used in 1980, the US unemployment rate in December 2008 reached 17.5 percent.

Yes, “our” government lies to us about economic statistics, just as it lies to us about “terrorists,” “weapons of mass destruction,” “building freedom and democracy in the Middle East,” and the Israeli-Palestinian conflict.  

An objective person would be hard pressed to find any statement made by the US government that is reliable.

An objective person would be hard pressed to find any statement made by the US government that is reliable.

The collapse of the job market means even harder times for last year’s and this year’s crops of college graduates. The offshoring of professional jobs and the widespread use by US corporations of H-1b, L-1, and other work visa programs for foreigners have left many recent American university graduates without careers.  

Recently, Bill Gates of Microsoft was pleading with Congress to allow even more foreigners in on work visas. According to Gates, there is a shortage of American workers despite a 17.5 percent unemployment rate. I personally know American computer engineers, both seasoned and recent graduates, who cannot find jobs.

What Gates and American corporations want is cheap labor, in effect indentured servants, unprotected people who don’t demand an American standard of living and who have no student loans to repay.

If Congress expands the work visas as US unemployment mounts, we will have one more piece of evidence that “our” representatives have no sympathy for the American people.

Where were America’s leaders while the economy slipped over the precipice?

Where were America’s leaders while the economy slipped over the precipice?

Our leaders were telling us lies in behalf of special interests into whose pockets Washington was pouring the taxpayers’ money. Our leaders engineered wars that put billions of dollars into such disreputable pockets as Halliburton’s, the firm of the American outlaw, Dick Cheney, and into Blackwater, supplier of the overpaid mercenaries that the Bush Regime uses to beef up its military force in Iraq. Some of the taxpayers’ billions, of course, recycled into “our” representatives reelection campaign funds.

Our leaders were too busy making trips to Israel to reaffirm their support for Israel’s ongoing theft of Palestine and for wars that enable this theft.

Our leaders were too busy serving financial interests by dismantling regulatory barriers to over-leveraged greed. The extraordinary level of leveraged debt and the fraudulent financial instruments resulted in annual compensation for hedge fund managers and investment bankers larger than a king’s ransom.  

When the leveraged mortgages went bust, the banksters declared a “crisis” and Congress responded by ripping off the American taxpayers for another trillion dollars.

More is to come. Credit card debt, car loans, and commercial real estate mortgages have been securitized, too. There is little doubt there are derivatives based on this enormous pile of debt. As each “crisis” unfolds, it will mean more bailout rewards for the crooks who deep-sixed the US economy.

It is not implausible that by the end of this year the unemployment rate, honestly measured, will be as high as during the Great Depression.

Few in Washington think there is any cause for alarm. Obama is calling the situation “serious” not because he believes it is but in order to get another trillion dollar “stimulus” package on the taxpayers’ books. Stimulus will do the trick, economists say, and, moreover, the Federal Reserve has already extended $2 trillion in loans, but won’t say to whom the money has been lent.

This massive expansion of new debt, economists think, is going to fix the economy and put people back to work. They think the solution to excessive debt is more debt.

The federal government budget deficit for the 2009 fiscal year will be $2 trillion at a minimum. That is five times larger than the 2008 budget deficit.

How can the Treasury finance such a huge deficit?

There are three sources of financing. Possibly people will flee from stocks, bank deposits, and money market funds into Treasury “securities.” This would require a form of “money illusion” on the part of people. People would have to believe that investments can be printed, and that printing so many new Treasury bonds would not dilute the value of existing bonds or reduce their chance of redemption. They would have to believe that the bonds would be repaid with honest money, not by running the printing presses.  

A second source of financing might be America’s foreign creditors. So far in our descent into massive debt foreigners have footed the bill. Our foreign creditors now hold very large amounts of US debt and other dollar-denominated “securities.” They are likely to develop a case of cold feet when they see a $2 trillion expansion in US debt in one year. Their most likely response will be to start selling their existing holdings.

Who would purchase them? The only way the Treasury can redeem the bonds that come due each year is by selling new bonds. Not only must the Treasury find purchasers for $2 trillion in new debt this year but also must find buyers for the bonds that must be sold in order to redeem old bonds that come due. 

If foreigners cease buying and instead start selling from their existing holdings--China alone holds $500 billion in Treasury debt--a deluge will fall on an already flooded market. 

The third source of financing is for the Federal Reserve to monetize the debt. In other words, the Treasury prints bonds and the Fed purchases them by printing money. The supply of money thus expands dramatically in relation to goods and services, and high inflation, possibly hyperinflation, would engulf America.

At that point the US dollar, if still on its feet, collapses. The import-dependent American population, dependent on imports for their mobility, their clothes, shoes, manufactured goods, and advanced technology products, no longer will be able to afford these imports.

A scary scenario? Yes. Overdrawn? Perhaps, but perhaps not. The United States has spent the last 7 years in pointless wars that benefited only the military-security complex and Israel’s aggression against Palestinians and Lebanon. According to prominent experts, the out-of-pocket cost and already incurred future liabilities of Bush’s wars comes to $3 trillion.  

The United States has spent the last 7 years in pointless wars that benefited only the military-security complex and Israel’s aggression against Palestinians and Lebanon. ...the out-of-pocket cost and already incurred future liabilities of Bush’s wars comes to $3 trillion.

The cost of the Bush Regime’s wars, together with the 2009 budget deficit that Bush has bequeathed to Obama, equals half of the accumulated national debt of the United States.

Several years ago United States Comptroller General David Walker informed Congress and the White House that the accrued liabilities of the US government exceeded the ability to pay. Yet, “our” leaders ignored the Comptroller General and rushed headlong to add more trillions of dollars to federal liabilities. In effect, the United States is bankrupt at this present moment. According to generally accepted accounting principles, the federal government has a negative net worth of $59.3 trillion.

Who is going to lend to a bankrupt government that is ruled by financial crooks, the military-security complex, and the Israel Lobby? How long will the world finance US aggression that disrupts energy prices, keeps the world on edge, and makes America’s creditors complicit in war crimes?


Paul Craig RobertsPaul Craig Roberts is an economist who served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as the "Father of Reaganomics". He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He is the author of Supply-Side Revolution: An Insider's Account of Policymaking in Washington; Alienation and the Soviet Economy: The Collapse of the Socialist Era and Meltdown: Inside the Soviet Economy, and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions: How Prosecutors and Law Enforcement Are Trampling the Constitution in the Name of Justice.

This article is published in the Baltimore Chronicle with permission of the author.



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This story was published on January 13, 2009.

 

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