The main culprit in the debt crisis was a fall in tax revenues resulting from massive tax cuts for corporations and the wealthy. According to Razmig Keucheyan, sociologist and author of “The Left Hemisphere,” this “neoliberal mantra” that was supposed to increase investment and employment did the opposite.
Social Justice
The NSA Has Taken Over the Internet Backbone. We’re Suing to Get it Back.
Every time you email someone overseas, the NSA copies and searches your message. It makes no difference if you or the person you’re communicating with has done anything wrong.
Supreme Court judgment gives Police ‘extraordinary discretion’ to compile database
It is, in short, judicial approval for the mass surveillance of UK political activism.
You’re 55 Times More Likely to be Killed by a Police Officer than a Terrorist
Terrorism pushes our emotional buttons. And politicians and the media tend to blow the risk of terrorism out of proportion. But as the figures above show, terrorism is a very unlikely cause of death.
Indeed, our spending on anti-terrorism measures is way out of whack
‘A Conspiracy Of Silence’ – HSBC, The Guardian And The Defrauded British Public
According to whistleblower Nicholas Wilson, HSBC was ‘involved in a fraudulent scheme to illegally overcharge British shoppers in arrears for debt on store cards at leading British high-street retailers’ including B&Q, Dixons, Currys, PC World and John Lewis. Up to 600,000 Britons were defrauded.
Showdown in Athens
Does Varoufakis really think he can pull this off? Does he really think he can out-fox the slimy, authoritarian brigands and leg-breakers who run these extortionist institutions and who will use every means possible to extract the last drop of blood from their victim be he an aspiring, but penniless student at the university or a destitute pensioner huddling homeless and frozen in an abandoned doorway in downtown Athens?
Swimming with the Sharks: Goldman Sachs, School Districts, and Capital Appreciation Bonds
Remember when Goldman Sachs – dubbed by Matt Taibbi the Vampire Squid – sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up? It seems that the ubiquitous investment bank has also put the squeeze on California and its school districts.
Varoufakis Keeps Greece in the Eurozone, by its Fingernails
a slow motion bank run has been underway in Greece for more than a month draining roughly 40 billion euros from the Greek banking system. If a deal hadn’t been struck on Friday, the ECB would have pulled the plug on its liquidity assistance program and blown the whole system to kingdom come. That’s how the Eurocrats planned to say goodbye to their long-struggling member, Greece, by giving them a sharp jolt to the groin before razing their economy to the ground
The Greek Tragedy: Some things not to forget, which the new Greek leaders have not
I believe Syriza is sincere, and I’m rooting for them, but they may have overestimated their own strength, while forgetting how the Mafia came to occupy its position; it didn’t derive from a lot of compromise with left-wing upstarts. Greece may have no choice, eventually, but to default on its debts and leave the Eurozone. The hunger and unemployment of the Greek people may leave them no alternative.
Another Nail In The Coffin Of The Case For Libyan ‘Intervention’
Misinformation and propaganda used as a pretext for war. A war that plays a significant role in destroying an oil-rich nation in the Middle East. Sound familiar? Like Iraq, we should demand a public inquiry into Britain’s involvement in this duplicitous aggression. At the very least all those journalists who backed the intervention need to start asking the searching questions they should have asked back in 2011.
Malcolm X Was Right About America
He argued that from the arrival of the first slave ship to the appearance of our vast archipelago of prisons and our squalid, urban internal colonies where the poor are trapped and abused, the American empire was unrelentingly hostile to those Frantz Fanon called “the wretched of the earth.” This, Malcolm knew, would not change until the empire was destroyed.
Dying4Heat: Unacceptable Accepted Murder
This disregard for the sanctity of life of our fellow community members, of which last year 7000 grandmas, grandads,mothers, fathers, aunts, uncles, sons and daughters were murdered, is for record high profit margins to serve the one percent.