Bernanke Speech Was Only a Minor Footnote to Enduring Crisis
Saturday 27 August 2011
Bernanke Speech Was
Only a Minor Footnote to Enduring Crisis
Richard
D. Wolff, Truthout: "If Americans expected some sign of
dramatic policy initiatives from Federal Reserve Chairman
Ben Bernanke, they were disappointed in Friday's speech.
Instead, Bernanke repeated how confident he was in the basic
strengths of the US economy... This all amounts to more of
the same policies we have been seeing... 'Trickle-down' is
indeed the right name for this program: shovel help to the
financial top of the economic pyramid and hope it trickles
some of its loot down to the mass of businesses and
individuals."
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Core of Hurricane
Irene Starts Coming Ashore
Brian Stelter, Kim
Severson and Campbell Robertson, The New York Times News
Service: "The eye wall of Hurricane Irene, now a Category 1
storm, came ashore just east of Cape Lookout in North
Carolina on Saturday morning, the first stop in the mainland
United States for a storm that is expected to scrape up the
East Coast and bring flooding rains to a dozen states...
Irene's landfall marked the first time since 2008 that a
hurricane made landfall in the continental United States."
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Dr. King's
Memorial Is About the Reality, Not the "Dream"
Dr.
Wilmer J. Leon III, Truthout: "If one studies Dr. King's
speeches and writings and understands the context of their
time, the reality is that Dr. King was not about politics;
he was about policy. He was not about elected positions and
presidents; he was about people. Dr. King was not about tax
breaks for the wealthiest of us; he was about social
programs for the least of us. He was not about a war in
Iraq, Afghanistan, or Libya. He saw '... war as an enemy of
the poor ...' and attacked it as such."
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C.I.A. Demands
Cuts in Book About 9/11 and Terror Fight
Scott Shane,
The New York Times News Service: "In what amounts to a fight
over who gets to write the history of the Sept. 11 attacks
and their aftermath, the Central Intelligence Agency is
demanding extensive cuts from the memoir of a former F.B.I.
agent who spent years near the center of the battle against
Al Qaeda. The agent, Ali H. Soufan, argues in the book that
the C.I.A. missed a chance to derail the 2001 plot by
withholding from the F.B.I. information about two future
9/11 hijackers living in San Diego, according to several
people who have read the manuscript."
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Rick Perry's Tall
Tales of Texas
Michael Winship, Truthout: "A lot of
the state's success in job creation looks more like dumb
luck than evidence of ole Pecos Perry's political prowess or
expertise in governance... Perry points to deregulation and
low taxes... but there were many factors largely beyond his
control, including increased trade between the United States
and Mexico and the high price of gasoline that pumped
revenue into the state, accompanied by new technologies for
oil and gas extraction."
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US Drug Thirst,
Gun Sales Must Share Blame for Casino Tragedy, Mexican
Official Says
Tim Johnson, McClatchy Newspapers: "His
voice cracking with emotion, President Felipe Calderon said
Friday that the United States bore some blame for 'an act of
terror' by gangsters who doused a casino with gasoline and
set a blaze that killed at least 52 people. The attack
Thursday in Monterrey, an industrial city of 4 million
barely a two-hour drive from Texas, stunned Mexicans and
seemed likely to mark a watershed in the country's
intensifying war against criminal syndicates."
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"Cooperatives
Aren't Charity"
Kanya D'Almeida, Inter Press Service:
"As industrial production penetrates all corners of the
planet and transnational capital gains have unfettered
access to virtually every country and community, the United
Nations has declared 2012 to be the 'International Year of
Cooperatives (IYC)'... While the high-level meeting will no
doubt generate enormous awareness on the necessity of
sustainable and alternative economies like cooperatives,
many individuals and organisations have been working quietly
for years to bring worker-owned enterprises to fruition."
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This Labor Day We
Need Protest Marches Rather Than Parades
Robert
Reich, Robert Reich's Blog: "Labor Day is traditionally a
time for picnics and parades. But this year is no picnic for
American workers, and a protest march would be more
appropriate than a parade. Not only are 25 million
unemployed or underemployed, but American companies continue
to cut wages and benefits. The median wage is still
dropping, adjusted for inflation. High unemployment has
given employers extra bargaining leverage to wring out wage
concessions."
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"No Man Is an
Island": Reflections From Norway
Richard Daly,
Truthout: "There are no more lone madmen causing terror than
there are island communities unto themselves. We are
connected, more and more as human history unfolds. Oslo, on
July 22, 2011, did not see the actions of a lone madman, but
rather, a complex of actions and actors who are part of the
dichotomy of post-World War II Europe... No matter which
island we stand on, anyone's death diminishes us because,
whether or not we acknowledge the fact, we are involved in
the safeguarding and cultivating of human kind."
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Your Chance to
Take a Stand Against Corporate Greed
Dave Johnson,
Campaign for America's Future: "Do you think that corporate
greed has gotten out of control? Here is your chance to take
a stand against corporate greed in a way that can make a
difference. There is a greedy corporation that right now is
trying to take away its workers' benefits and job security.
Let's all back up the workers and stop this, and show people
how it's done."
Read the Article
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