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Paul Craig Roberts – The West Is Reduced To Looting Itself

I, Michael Hudson, John Perkins, and a few others have reported the multi-pronged looting of peoples by Western economic institutions, principally the big New York Banks with the aid of the International Monetary Fund (IMF). Third World countries were and are looted by being inticed into development plans for electrification or some such purpose. The gullible and trusting governments are …

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Chris Hedges – Pity the Children

Larry—not his real name—is 38. He is serving a 30-year sentence for murder in a New Jersey prison. He will not be eligible for parole until 2032, when he will be 55. His impoverished and nightmarish childhood mirrors that of nearly all prisoners I have worked with who were convicted of violent crimes. And as governmental austerity and chronic poverty …

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Dean Baker – Your retirement prospects are bleaker than ever

The vast majority of Americans who expect to retire in the next decade can count on little income other than their Social Security. This is true not only for low-income workers, who have struggled most of their lives, but also for millions of middle-income workers. Although Social Security is a tremendously important program, and provides a solid base that retirees …

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Robert Reich – The Morality of a $15 Minimum

Have you noticed how often conservatives who disagree with a policy proposal call it a “job killer?” They’re especially incensed about proposals to raise the federal minimum wage. They claim it will force employers to lay off workers worth hiring at the current federal minimum of $7.25 an hour but not at a higher minimum. But as Princeton University economist …

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Charles Hugh Smith – Is the Stock Market Now “Too Big to Fail”?

Correspondent Bart D. recently speculated that the U.S. stock market was now “too big to fail,” that is, that it was too integral to the global financial system and economy to be allowed to fail, i.e. decline 40+% as in previous bubble bursts. The U.S. stock market is integral to the global financial system in two ways.Now that investment banks, …

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Vandana Shiva – Get the GMO Out of My Mustard

India is the home of oilseed diversity—coconut, groundnut, linseed, niger, mustard and rapeseed, safflor, sesame. Our food cultures have evolved with our biodiversity of oilseeds. Sarson is called “Sarsapa” and “Rajika” in Sanskrit. Diverse Varieties of Sarson are are grown and used in India, including Krsna Sarsapa (Banarsi Rai), Sita Sarsapa (Pila Sarson), Rakta Sarsapa (Brown Sarson), Toria, and Taramira. …

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Leid Stories – 08.11.15

Past Is Present: 50 Years After the Watts Rebellion, Ferguson’s Crisis Confirms Delusions of ‘Progress’ and ‘Change’

Fifty years ago today, the Watts neighborhood of Los Angeles, a tinderbox smoldering for decades under the yoke of poverty, disfranchisement, governmental indifference, and militarized police oppression, exploded in a cathartic rage. The heavy-handed arrest of a black motorist by white cops for drunk driving was the spark that set Watts aflame for six days and transformed it into a war zone—claiming 34 lives; causing more than $40 million in property damage; adding 4,000 National Guards, 934 city cops and 71 sheriffs to the city’s police force; causing about 3,500 arrests.

Half a century later, Ferguson, Missouri, is under its second state of emergency as the mostly black town of 21,000 observes the anniversary of the killing of 18-year-old Michael Brown by former police officer Darren Wilson on Aug. 9 last year.

Mainstream media, until yesterday, were touting headlines and news stories about “change.” But our guest, Dr. Gerald Horne, a diplomatic scholar, historian, attorney and prolific author, draws stark parallels between Watts and Ferguson.

Horne is the John J. and Rebecca Moores chair of history and African American studies at the University of Houston. He has written more than 30 books, and more than 100 scholarly papers and reviews, on struggles against imperialism, colonialism, fascism and racism. Pertinent to our discussion today is his authoritative account and analysis of the Watts Rebellion, Fire This Time, The Watts Uprising and the 1960s.

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Dahr Jamail – Sounds of War: Navy Warplanes Producing Deadly Noise Around US Bases

“This is a public health emergency that is literally killing people.” This stark, shocking warning about the US Navy’s war-gaming in the Pacific Northwest comes from Dr. James Dahlgren, a doctor of occupational and environmental medicine who is also a diplomat of the American Board of Internal Medicine. He spoke with Truthout about how Navy warplanes flying in and out …

Junk bonds

Rot Of Empire: Moody’s Downgrades Chicago To Junk Bond Status – Dave Kanzler

I thought junk bonds were ‘high risk – high return’ whereas I’d have thought Chicago was more ‘high risk – no return.   Not so much junk bonds, just junk. Reader comment from  “Mike” It’s doubtful that Warren Buffet’s Moody’s Investor Services will face the same wrath from Obama that Obama inflicted on S&P after S&P downgraded the U.S. Government debt rating …