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Posts Tagged ‘government’

From The MindsiMedia Daily “How Is It Possible The Fed’s Image Can Be Tarnished Further?”

January 15, 2012 2 comments

“At this point it should be universally known that the Federal Reserve Board has been guilty of disastrous incompetence. It allowed an $8 trillion housing bubble to grow unchecked”…….

To finish this story and read more of today’s news visit our new daily news site.

The MindsiMedia Daily.

And a couple of related videos from our Alternative Views series uploaded by Mindsi2.

Jesse LaGreca on This Week: OWS confronts the Sunday Morning Talking Heads

October 12, 2011 Leave a comment

Uploaded by on Oct 9, 2011

Jesse LaGreca appears on This Week with Christiane Amanpour.

 

And isn’t great to see these overpaid, clueless fools get handed their lunch?

Occupy Chicago News Update. The Chicago Police Stops Attempted Eviction Of Protesters

September 27, 2011 2 comments

In a video update from YouTube Partner DogStar7 we see how todays attempt by building management from the Federal Reserve to move the demonstrators off  “their” sidewalk was stopped by the Chicago Police who said while the protestors had to move away from the building itself it was still a public sidewalk. Score one for freedom!

Financial Communities In New York & Chicago Hit By Citizen Occupations & Going National

September 27, 2011 Leave a comment

Are we seeing the seeds of an American spring being sown here at the start of the Fall? In New York a couple of weeks ago and starting last Friday in Chicago occupations of financial communities have begun and will start soon in San Fransisco and other cities. What does this mean, what do they want? I think I know but I’m not really sure so I’ve been doing some research and this was I’ve found.

As a starting point this is all about a middle class that has been destroyed by corporate greed and it’s dominance of our government. People have realized that going to Washington and having a march means nothing. They are bringing their protest right to the real heads of state. And instead of marching up and down the street, making a few speeches and going home these people aren’t going home. They are staying and creating their own communities.

There are a couple of examples of this kind of protest being done. The most famous and deadly was the Bonus Army when 20,000 WW1 veterans camped across the river from the Capitol building. They were driven out of their peaceful encampment and it was burned down by troops with fixed bayonets and firing tear gas supported by calvary and six tanks. Troops under the command of Generals Mac Arthur, Eisenhower and Patton.
The occupation of Wall Street  began September 17th and as to what they about I offer this quote from their own website.
“Who is Occupy Wall Street?

Occupy Wall Street is leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that We Are The 99% that will no longer tolerate the greed and corruption of the 1%.

The original call for this occupation was published by Adbusters in July; since then, many individuals across the country have stepped up to organize this event, such as the people of the NYC General Assembly and US Day of Rage. There’ll also be similar occupations in the near future such as October 2011 in Freedom Plaza, Washington D.C. ”
To visit their site click here.

Here is an excellent report from Democracy Now! from today that is very informative.

Starting last Friday an occupation began in Chicago and though right now much smaller they are still there.
You can get updates at their blog.
and Twitter page.

As of right now there groups in almost two dozen cities that are also planning similar occupations. In a quick survey of the Twitter streams it also appears that there is an occupation under way in Denver at the state Capitol building. Updates for that can be found on their Twitter page.

To find out more on this nationwide movement visit  OccupyTheNation.

There will also be daily updates posted here on this site.

Two Areas The “Super Committee” Should Take A Look At!

August 30, 2011 Leave a comment

Here are two stories from todays news that illustrate the warped spending priorities of the US government.  While we debate how much to “reform” Social Security and cut medical aid the black hole that is the military/security complex. Both come to us from CommonDreams.org

The Decade’s Biggest Scam

Published on Monday, August 29, 2011 by Salon.com
by Glenn Greenwald

The Los Angeles Times examines the staggering sums of money expended on patently absurd domestic “homeland security” projects: $75 billion per year for things such as a Zodiac boat with side-scan sonar to respond to a potential attack on a lake in tiny Keith County, Nebraska, and hundreds of “9-ton BearCat armored vehicles, complete with turret” to guard against things like an attack on DreamWorks in Los Angeles.  All of that — which is independent of the exponentially greater sums spent on foreign wars, occupations, bombings, and the vast array of weaponry and private contractors to support it all — is in response to this mammoth, existential, the-single-greatest-challenge-of-our-generation threat:

To read this entire post click here.

Windfalls of War: Pentagon’s No-Bid Contracts Triple in 10 Years of War

Published on Monday, August 29, 2011 by iWatchNews.org
Taxpayer is the loser when Pentagon doesn’t require competition among contractors. “The lack of competition is a scandal,” says one expert.
by Sharon Weinberger

As U.S. military deaths and injuries from roadside bombs escalated after the invasion of Iraq, the Pentagon rushed to find solutions.

Competition is normally the cornerstone of better prices and better products, but the urgency of dealing with improvised explosive devices, or IEDs, has been cited to justify a number of sole-source contracts to companies promising quick solutions over a decade of war.

One such company was Tucson-based Applied Energetics , which markets a futuristic weapon that shoots beams of lightning to detonate roadside bombs. The company won over $50 million in military contracts for their lightning weapon, all without full and open competition, even though there was another company marketing similar technology. Despite test failures, the company, in part thanks to congressional support, continued to get funding.

Have We Found Something That Democrats & Republicans Can Agree On?

August 28, 2011 Leave a comment

The answer my friends may indeed be blowing in the wind. For both our energy needs and as a way for Democrats and Republicans can come together wind power seems to offer that potential. It is safe available almost everywhere can be generated on both large and small scale. The complaints that have been manufactured against wind pale compared to the case against nuclear and coal. Add to the increase in employment from construction and maintaience and you have a real winner.

Today we share a story from The American Wind Association .

24 governors ask President to focus on wind energy deployment
Both parties’ candidates told how wind creates jobs and U.S. manufacturing

Iowa, Aug. 24—A coalition of 24 governors from both major parties and each region of the country has asked the administration to take a series of steps to provide a more favorable business climate for the development of wind energy, starting with a seven-year extension of the Production Tax Credit (PTC) and the Investment Tax Credit (ITC) to provide stable, low tax rates for wind-generated electricity.

A letter from the governors, sent last month to the White House, has since been made public by the Governors Wind Energy Coalition. Signed by coalition chair Gov. Lincoln Chafee (I-RI), and vice chair Gov. Terry Branstad (R-IA), the letter says:

“Although tax credits for wind energy have long enjoyed bipartisan support, they are scheduled to expire next year. Wind-related manufacturing will slow if the credits are not extended, and some of the tax credits’ benefit will be lost if Congress pursues a last-minute extension. It is important to have consistency in policy to support the continued development of wind manufacturing in the United States. Extending the production tax credit and the investment tax credit, without a gap, is critical to the health of wind manufacturing in our nation. The wind manufacturing industry in the U.S. would benefit even greater if the extension of these credits would be for at least seven years.”

“Governors have always focused on jobs and economic development as their main responsibility. Now that Washington is following suit, it helps for these Governors to tell Washington what has been putting people to work in their states,” said AWEA CEO Denise Bode. “It is also helpful for them to support the removal of roadblocks that can occur in administrative agencies, so that deployment objectives are not unintentionally thwarted.”

To read this entire press release click here.

Here is a video of republican Iowa governor Terry Branstad talking about wind energy.

Debt Exploding ! Rich getting Richer! Rampant Corruption!

August 19, 2011 1 comment

Three stories ripped from today’s headlines once again illustrate the economic war being carried out on the average American.
Debt, Debt, Debt: 90% of Americans Experience Income Decline As Wealth Gets Sucked Back Into Top .1% — Debt Explodes As We Try to Make Ends Meet.
Amped Status via AlterNet By David DeGraw
The dramatic increase in economic inequality and poverty, along with the unprecedented rise in wealth within the top one-tenth of one percent of the population has not happened by mistake. It is the designed result of deliberate governmental and economic policy. It is the result of the richest people in the world, and the “too big to fail” banks, using the campaign finance and lobbying system to buy off politicians who implement policies designed to exploit 99.9 percent of the population for their financial gain. To call what is happening a “financial terrorist attack” on the United States is not using hyperbole; it is the technical term for what is currently occurring…………..
The rich have never been richer, while their paid-off politicians make budget cuts for the poor and middle class, and cause the cost of basic necessities to skyrocket.
To read this entire post click here.

Is Standard and Poor’s Manipulating US Debt Rating to Escape Liability for the Mortgage Crisis?
From Firedoglake By: Jane Hamsher

“On July 21, 2010 President Obama signs Dodd-Frank into law.  Prior to Dodd-Frank, the courts found that credit ratings are expressions of opinion that were protected under the first amendment, subject to a demonstration of actual malice:

The Dodd-Frank Financial Reform Act stripped away those protections, so that CRA’s were now subject to the same expert liability as an auditor or securities analyst, and required only a “knowing” or “reckless” state of mind for liability, rather than proof of scienter.  It also repealed Section 436 of the Securities Act of 1933, which granted “safe harbor” for ratings, which were part of a prospectus.

Which, for obvious reasons, made the ratings agencies extremely nervous.

In October 2010 S&P issued its first threat to downgrade US debt: “If the U.S. government maintains its current policies for the next 40 years in the face of rising health care and pension spending pressure, it is unlikely that Standard & Poor’s Ratings Services would maintain its ‘AAA’ rating on the U.S.”  The report paints a target on the back of Social Security and Medicare, says nothing about the wars, the Bush tax cuts, private health care costs or the absurdity of 40 year projections.
Ratings agencies are supposed to be reactive and analyze only what they see.  They are not supposed to explicitly or implicitly give  ”assurance or guarantee of a particular rating prior to a rating assessment.”  By prescribing not only an austerity package for the United States, but stating that “in the long term, the U.S. AAA rating relies on reforms” of Social Security and Medicare, they most assuredly broke that rule.”

To read this entire post click here.

Is the SEC Covering Up Wall Street Crimes?
From Rolling Stone By Matt Taibbi
By whitewashing the files of some of the nation’s worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – “18,000 … including Madoff,” as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history.

Under a deal the SEC worked out with the National Archives and Records Administration, all of the agency’s records – “including case files relating to preliminary investigations” – are supposed to be maintained for at least 25 years. But the SEC, using history-altering practices that for once actually deserve the overused and usually hysterical term “Orwellian,” devised an elaborate and possibly illegal system under which staffers were directed to dispose of the documents from any preliminary inquiry that did not receive approval from senior staff to become a full-blown, formal investigation. Amazingly, the wholesale destruction of the cases – known as MUIs, or “Matters Under Inquiry” – was not something done on the sly, in secret. The enforcement division of the SEC even spelled out the procedure in writing, on the commission’s internal website. “After you have closed a MUI that has not become an investigation,” the site advised staffers, “you should dispose of any documents obtained in connection with the MUI.”
To read this entire post click here.

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