Alternative News Media
The World Just Had Its Hottest June On Record
The National Oceanic and Atmospheric Administration announced Monday that last month's average global temperature was 61.2 degrees, which is 1.3 degrees higher than the 20th century average. It beat 2010's old record by one-twentieth of a degree.
While one-twentieth of a degree doesn't sound like much, in temperature records it's like winning a horse race by several lengths, said NOAA climate monitoring chief Derek Arndt.
And that's only part of it. The world's oceans not only broke a monthly heat record at 62.7 degrees, but it was the hottest the oceans have been on record no matter what the month, Arndt said. "We are living in the steroid era of the climate system," Arndt said. Arndt said both the June and May records were driven by unusually hot oceans, especially the Pacific and Indian oceans. ...
9/11 Commission Report A Decade Later: Threats Have Evolved, U.S. Hasn't
The report, released Tuesday, praises some federal actions for making the country "better equipped to prevent and respond to terrorist attacks than in 2001." The commission, led by Chairman Tom Kean and Vice Chairman Lee Hamilton, points to the federalization of airport security, upgraded security at ports of entry, and the devotion of hundreds of billions of dollars to the intelligence community as policy movements in the right direction
Yet the report finds foreboding gaps. The authors argue that the U.S. remains under-resourced on cyber-terrorism and under-appreciative of emerging threats, predominantly in the Middle East. They note that while core al Qaeda "has been damaged in recent years, its affiliates and associated groups … now have a presence in more theaters of operation than they did half a decade ago, operating today in at least 16 countries." ... Read more
The New Scariest Chart In America
For the last few years, the 'scariest' chart for Europeans has been the unending surge in youth unemployment. However, amid all the sound and fury of mainstream US media discussions of the 'recovery' in America and the President's employment track record, Constantin Gurdgiev notes another 'scariest chart of the US recovery' that remains in full 'crisis mode'...
Lots More News
DemocracyNow Daily NewsDN | Max Blumenthal: With "Hollow Diplomacy," U.S. Created Political Space for Israeli Assault on Gaza (07/21/14) [7:15]
DN | Israeli Peace Demo Violently Disrupted, Dozens Injured as Counterprotesters Yell "Death to Arabs" (07/21/14) [5:46]
DN | Palestinian Human Rights Lawyer Raji Sourani Likens Netanyahu to Bin Laden For Killing Civilians (07/21/14) [5:55]
TRNN News*TRNN | Vijay Prashad says: Lack of International Pressure Permits Endless Assault On Gaza (07/21/14) [10:47]
*TRNN | "We Are Going Through Hell" - Report from Gaza (07/21/14) [15:23]
On the 14th day of Operation Protective Edge, Gazan blogger Nalan al-Sarraj and TRNN Correspondent Yousef al-Helou discuss how Palestinians are responding to the massacre in Shujaiyeh, as well as the widespread support for the resistance against the siege.*TRNN | Gerald Epstein says: Dodd-Frank Still Not Fully Implemented Four Years Later (07/22/14) [10:21]
Where Your Tax Dollars GoClick to zoom - Where Your Tax Dollars Go
Click to zoom - US Defense Spending
Israel-Gaza Conflict: Gaza Suffers Its Deadliest Day After 'Heinous Massacre'
A night and day of ferocious violence has resulted in more than 100 deaths in Gaza, with Palestinian accusations that a bloody assault on the town of Shuja'iya by Israeli forces, leaving bodies on the streets and buildings destroyed, was motivated by revenge for the deaths of 13 soldiers
The Israeli losses were one of the largest in one operation suffered in recent times by the Jewish state. Al Quds Force, the military wing of Hamas, had claimed that it had lured troops into a minefield. But the Israeli military stated that the deaths came in separate incidents overnight involving improvised explosive devices and a firefight. ... Read more
This Is Where You Don't Want Your Tax Dollars Going
I'll admit, that moment that I received my first paycheck from my first real-world, post-college job, I was stunned that the amount I calculated I would have for rent, loan payments and happy hours was much less than I thought.
However, my instinct was not, and still is not, that there should be no health care, no social security, no public benefits, or any of the number of expenditures that conservatives protest against paying for with their tax dollars.
It is entirely possible to be critical of where your tax money is going without "becoming conservative" and letting go of the liberal notion that higher tax rates -- when allocated effectively -- can create a more even playing field, domestically through welfare programs and abroad through foreign aid. ... Read moreClick to zoom - Where Your Tax Dollars Go!
Where Your Income Tax Money Really Goes.pdf
Women's Rowing Team's Naked Calendar Briefly Banned On Facebook
Students from the Warwick women's rowing team decided to strip down for charity -- and found themselves held up to a double standard.
This week, Facebook banned the group's page citing "inappropriate content" -- but allowed an identical page for the men's team's naked calendar to remain. ... Read more
DemocracyNow Daily NewsDemocracy Now! U.S. and World News Headlines for Monday, July 21 [9:54] DN | Stephen Cohen: Downed Malaysian Plane Raises Risk of War Between Russia and the West (07/21/14) [2:38]
TRNN News*TRNN | Phyllis Bennis: "U.S. Complicity Brought Up to Date" in Israel's War against Gaza (07/21/14) [12:10]
*TRNN | Larry Wilkerson: All Parties Involved to Blame for Malaysian Aircraft Disaster in Ukraine (07/21/14) [11:03]
TRNN | Jeff Cohen discusses several freedom of information issues, including a new campaign encouraging whistleblowing, the case of journalist James Risen, and net neutrality (07/21/14) [11:29]
Cost Of Military Jet Could House Every Homeless Person In U.S. With $600,000 Home
Just days before its international debut at an airshow in the United Kingdom, the entire fleet of the Pentagon’s next generation fighter plane — known as the F-35 II Lightning, or the Joint Strike Fighter — has been grounded, highlighting just what a boondoggle the project has been. With the vast amounts spent so far on the aircraft, the United States could have worked wonders, including providing every homeless person in the U.S. a $600,000 home. ... Read more
Cheney Never Shoots Straight
Former Vice President Dick Cheney is trying hard to salvage his legacy, so he is resorting to spin, distortion and lies. But why is the media paying attention to him? Not even Cheney himself could erase from history the devastating record he has amassed, especially working with President George W. Bush.
A 2012 New York Times report revealed all of the warnings the Bush/Cheney administration received in the spring and summer of 2001 of a terrorist threat against the United States from within. On May 1, 2001, the CIA warned Bush a "group presently in the United States" was planning an attack. In July, the CIA warned that the attacks could be "imminent." On August 6, Bush received a classified document entitled, "Bin Laden Determined to Strike in U.S." None of the dots were connected by the White House, which dismissed criticism by saying they were not told when or where the attacks would occur. The attacks occurred on September 11, with devastating consequences. ... Read more
NBC News Pulls Veteran Reporter from Gaza After Witnessing Israeli Attack on Children
Ayman Mohyeldin, the NBC News correspondent who personally witnessed yesterday’s killing by Israel of four Palestinian boys on a Gazan beach and who has received widespread praise for his brave and innovative coverage of the conflict, has been told by NBC executives to leave Gaza immediately. According to an NBC source upset at his treatment, the executives claimed the decision was motivated by “security concerns” as Israel prepares a ground invasion, a claim repeated to me by an NBC executive. But late yesterday, NBC sent another correspondent, Richard Engel, along with an American producer who has never been to Gaza and speaks no Arabic, into Gaza to cover the ongoing Israeli assault (both Mohyeldin and Engel speak Arabic). ... Read more
Ukraine says Malaysian airliner shot down, 295 dead: agency
A Malaysian airliner was shot down over eastern Ukraine by militants on Thursday, killing all 295 people aboard, a Ukrainian interior ministry official was quoted as saying by Interfax-Ukraine news agency.
The aircraft, which other sources said was a Boeing 777 flying from Amsterdam to Kuala Lumpur, came down near the city of Donetsk, stronghold of pro-Russian rebels, Anton Gerashchenko said, adding that it was hit by a ground-to-air missile. ... Read moreClick to zoom - Defense Spending
Click to zoom - Where Your Tax Dollars Go!
Where Your Income Tax Money Really Goes.pdf
DemocracyNow Daily NewsDemocracy Now! U.S. and World News Headlines for Friday, July 18 [9:35] DN | "A Terrifying Night in Gaza": Sharif Abdel Kouddous Reports on Israeli Ground Invasion (07/18/14) [6:41]
Bill MoyersBill Moyers | The Crusade Against Reproductive Rights. (07/18/14) [24:26]
Roe v. Wade, the Supreme Court’s landmark decision establishing a woman’s right to an abortion, was issued 41 years ago. Despite consistent public opinion to the contrary, conservatives and the religious right have patiently and relentlessly campaigned against it for decades. And recently, their efforts are finding some success. Two major rulings by the Supreme Court this last session limited health insurance coverage for contraception and gave protesters increased rights to demonstrate outside abortion clinics. Several states — especially in the South — in the name, legislators say, of women’s health, have passed regulations that creatively use technicalities to force clinics to close.
Bill Moyers talks about the politics of reproductive freedom with Cecile Richards, president of the Planned Parenthood Federation of America and the Planned Parenthood Action Fund. For nearly a century, Planned Parenthood has been the leading advocate for reproductive health care in the United States, with 69 affiliates nationwide, operating more than 700 health centers.
“It’s better to be a corporation today than to be a woman in front of the Supreme Court,” Richards tells Bill. “I think that the Hobby Lobby decision is just the beginning of giving corporations free license to obey those rules and laws that they agree with, and not ones that they don’t.”
TRNN NewsTRNN | Blogger Nalan al Sarraj and TRNN's Lia Tarachansky report: "Evacuate to Where?" - Report from Gaza and Israel (07/18/14) [19:06]
TRNN | Michael Hudson and Leo Panitch discuss: Is the New BRICS Bank a Challenge to US Global Financial Power? (07/18/14) [27:27]
Thom Hartmann NewsWelcome to the New Bubble.... (07/17/14) [8:24]
Stop Corporate Corruption: Get the Money of of Politics (07/17/14) [7:21]
Crony Capitalism Enabled by the Supreme Court (07/17/14) [8:36]
TYT NewsTYT | This 'Controversy' Is Ridiculous! Pearl Jam Singer Criticized For Anti-War Statements (07/17/14) [6:56]
TYT | Following Bombed Kids, NBC Pulls Reporter For Reporting Truth (07/17/14) [9:47]
TYT | Malaysian Airliner Shot Down Over Ukraine - Russia's Doing? (07/17/14) [8:15]
TYT | Bill O'Reilly Wants The Berlin Wall Back, Only MUCH Bigger (07/17/14) [4:38]
Diane Rehms ShowDomestic News - Friday (07/18/14) [1hr]
International News - Friday (07/18/14) [1hr]
Jon Stewart - Daily NewsJon Stewart | interviews Hillary Clinton, Part 1. (07/16/14) [7:27]
Click to zoom - US Budget
Microsoft To Lay Off Up To 18,000 Workers Over Next Year
Microsoft has announced the biggest layoffs in its history, saying it will cut up to 18,000 jobs or 14 percent of its staff as it works to cut down on management layers and integrate the Nokia cellphone business it bought in April. The news sent Microsoft's stock up 3 percent in morning trading.
Although the job cuts had been expected, the extent of them was a surprise. It's the boldest move by CEO Satya Nadella since he took the reins from Steve Ballmer in February. In a public email to employees Thursday, he said the changes were needed for the company to "become more agile and move faster. ...
Capitalism's Deeper Problem
Recent press reports refer to troubling price increases for such assets as real estate, government bonds, companies targeted for acquisition and artwork. A New York Times front-page headline read "The Everything Boom, or Maybe the Everything Bubble."
Yet while asset prices soar, the production of goods and services, employment and workers' incomes are not recovering and resuming growth. Instead, Western Europe, North America and Japan are stuck in a longer, deeper crisis than almost anyone expected. Millions have left the labor force. Wages, benefits and job security are declining; the so-called "middle classes" are evaporating. Having promised "recoveries," desperate governments inject massive new quantities of money into their economies. What they accomplish most are fast-rising asset prices. ... Read moreBill Moyers | Richard Wolff on Curing Capitalism (older) [30:22]
Click to zoom - US Drought Monitor
Grand Designs - "The Cob Castle" (01/30/14) [46:55]
DemocracyNow Daily NewsDemocracy Now! U.S. and World News Headlines for Thursday, July 17 [7:28] DN | Horror on Gaza Beach: New York Times Photographer Witnesses Israeli Killing of 4 Palestinian Boys (07/17/14) [7:41]
*DN | U.S. Turns Back on Child Migrants After Its Policies in Guatemala, Honduras Sowed Seeds of Crisis (07/17/14) [17:41]
*DN | Nobel Economist Joseph Stiglitz Hails New BRICS Bank Challenging U.S.-Dominated World Bank & IMF (07/17/14) [7:06]
TRNN News*TRNN | Hedges and Lessig on Money and Politics, Part 3 (07/17/14) [18:46]
TRNN | Occupation of Palestinian Territories Likely to Intensify in Coming Months (07/17/14) [14:49]
Ring of FirePapantonio: Religious Promotion Will Backfire on Republicans (07/17/14) [9:34]
TYT News*TYT | Kids Playing On Beach Shelled By Israeli Navy (07/16/14) [8:16]
TYT | Jon Stewart Enrages Right Winger, First Over Gaza, Then It Gets Personal (07/16/14) [8:12]
*TYT | Dick Cheney The Living Embodiment Of Eisenhower's Greatest Fear (07/16/14) [4:50]
John Oliver*HBO | Last Week Tonight with John Oliver: Hobby Lobby (06/30/14) [6:09]
HBO | Last Week Tonight with John Oliver: Monarchy (06/28/14) [5:54]
Rupert Murdoch Is Trying To Buy Time Warner For A Huge Pric
Rupert Murdoch has made an ambitious play to buy media giant Time Warner, setting in motion a potentially massive merger. The New York Times was the first to break the news about Murdoch's plans. The paper said that 21st Century Fox, one of the two huge media conglomerates owned by Murdoch, offered to purchase Time Warner for $80 billion, but was turned down.
21st Century Fox eventually confirmed that it had made an offer, but said it was not currently in discussions with Time Warner. That could easily change, though. Murdoch is used to such rejection and may have even expected it. After all, others, such as the former owners of the Wall Street Journal, have also pushed away his initial takeover offers. Murdoch now owns the Journal. ... Read more
You may recall that the Japan Meteorological Agency (JMA) reported last month that March-May was the hottest in more than 120 years of record-keeping. Well, the JMA reported Monday that last month was the hottest June in more than 120 years of record-keeping. That makes 3 straight record-breaking months for JMA -- the hottest second quarter on record. It also means we had the hottest March-June on record.
And these records occurred despite the fact we're still waiting for the start of El Niño. It is usually the combination of the underlying long-term warming trend and the regional El Niño warming pattern that leads to new global temperature records. ... Read more
California Braces for the Worst: El Niño May Be Too Little, Too Late to Save It From Drought
California has imposed statewide water-use regulations for the first time as its three-year drought worsens. Yesterday, state regulators approved stringent new measures limiting outdoor water, which include $500 fines for using an outdoor hose without a shut-off nozzle.
Meanwhile, hopes that the drought would break by autumn have been tempered. The National Weather Service's Climate Prediction Center downplayed the help that El Niño may bring to the drought-plagued West in its monthly report of Pacific Ocean weather patterns. While the Center is still projecting that sea surface temperatures will be warmer than usual--a phenomenon known as El Niño--it is now saying that the effect will be only "weak to moderate." ...
Israeli Arms Company Plans 'Star Wars' Style Laser Defense System
Israel's Rafael Advanced Defense Systems unveiled its latest missile defense system, called Iron Beam, which uses lasers to destroy incoming rockets and mortars.
According to Rafael, the Iron Beam system is designed to intercept super close-range drones, rockets, and mortars that aren't in the air long enough for the Iron Dome system to pick up. Military experts agree that it will be a potentially effective addition to Israel's battlefield-tested Iron Dome system. ... Read more
DemocracyNow Daily NewsDemocracy Now! U.S. and World News Headlines for Wednesday, July 16 [10:46] *DN | Live Report From Baghdad: Despite Threat by ISIS, Life in Iraqi Capital Feels "Deceptively Calm" (07/16/14) [12:58]
*DN | "Iraq Has Already Disintegrated": ISIS Expands Stronghold as Leaks Expose US Doubts on Iraqi Forces (07/16/14) [8:17]
DN | Is an Iran Nuclear Deal Within Reach? Dissecting the Latest Talks over a "Manufactured Crisis" (07/16/14) [4:28]
John Oliver*HBO | Last Week Tonight with John Oliver: Wealth Gap (07/13/14) [14:09]
TRNN NewsTRNN | Hedges and Lessig on Money and Politics, Part 2 (07/16/14) [18:39]
Larry Lessig is calling a MayDay on our democracy
TRNN | The Real News speaks to Gaza-based blogger Nalan al Sarraj about the Israeli bombardment campaign on the strip and why Hamas rejected a proposed ceasefire (07/16/14) [4:34]
TRNN | East correspondent Lia Tarachansky discusses Operation Protective Edge after Hamas rejected the Egyptian ceasefire proposal (07/16/14) [9:00]
Lia Tarachansky: On The Side Of The Road | Israel/Palestine | Hebrew & Arabic (trailer) (2013) [1:23:00]
Ring of FirePapantonio: Obama Fails Miserably on Disclosure (07/16/14) [8:54]
President Obama has tools at his disposal that could pull back the curtain on big money campaign donors. But instead of forcing companies to disclose which candidates they are supporting, Obama has decided to let them continue to operate in the dark.Papantonio: Eric Holder is Obama's Biggest Failure (07/16/14) [5:47]
Papantonio: Republicans Fight Over Who's The Biggest Idiot (07/16/14) [6:53]
TYT | Is It Ever Okay To Criticize Israel? (07/15/14) [6:34]
TYT | Customer Service Rep Recorded Yelling At Customer (07/15/14) [5:34]
"We all know that it takes strength to call a utility or telecom. But the patience of two customers was seriously tested recently when they had the audacity to contact Comcast and make a simple request. Writer Veronica Belmont and her husband Ryan Block, a product manager at AOL (parent company of The Huffington Post), called Comcast last week to disconnect their service. The couple planned to switch to another cable and Internet provider, but the customer service representative who handled their call had no intention of letting them do so."*TYT | Is It Ever Okay To Criticize Israel? (07/15/14) [6:34]
*TYT | Ceasefire Hopes Dashed As Rockets Fall & Deaths Rise (07/15/14) [6:11]
*TYT | What is Israel Supposed to Do? (07/15/14) [10:57]
*TYT | The Establishment Should Fear Elizabeth Warren (07/15/14) [9:00]
Nuclear Blasts"1945-1998 Nuclear Blasts" by Isao Hashimoto [14:25]
Environmental Crime: The Prosecution Gap
... Although the federal government extolled the win against BP Gulf oil spill as the start of a new era of environmental policing, an analysis by The Crime Report of thousands of records compiled by the Environmental Protection Agency (EPA), reveals that enforcement of corporate environmental crime remains extremely rare.
More than 64,000 facilities are currently listed in agency databases as being in violation of federal environmental laws, but in most years, fewer than one-half of one percent of violations trigger criminal investigations, according to EPA records. ... Read more
An Exceptional Decline for the Exceptional Country?
For America's national security state, this is the age of impunity. Nothing it does -- torture, kidnapping, assassination, illegal surveillance, you name it -- will ever be brought to court. For none of its beyond-the-boundaries acts will anyone be held accountable. The only crimes that can now be committed in official Washington are by those foolish enough to believe that a government of the people, by the people, and for the people shall not perish from this earth. I'm speaking of the various whistleblowers and leakers who have had an urge to let Americans know what deeds and misdeeds their government is committing in their name but without their knowledge. They continue to pay a price in accountability for their acts that should, by comparison, stun us all.
As June ended, the New York Times front-paged an account of an act of corporate impunity that may, however, be unique in the post-9/11 era (though potentially a harbinger of things to come). In 2007, as journalist James Risen tells it, Daniel Carroll, the top manager in Iraq for the rent-a-gun company Blackwater, one of the warrior corporations that accompanied the US military to war in the twenty-first century, threatened Jean Richter, a government investigator sent to Baghdad to look into accounts of corporate wrongdoing. ... Read more
What It's Like On The Ground In Gaza
Headless bodies. Screaming children. Entire neighborhoods fleeing on foot. The unmistakable sounds of Hamas rockets and the booms of Israeli strikes. It's been a bloody week here in Gaza, with the death toll now at more than 190 people, the majority of them civilians. While Palestinians here decry the number of deaths, Israel says it doesn't target civilians and that the deaths are unavoidable if Hamas launches rockets from heavily populated areas. There have been no reported deaths in Israel, largely due to the Iron Dome rocket interceptor, although some Israelis have been injured.
On Tuesday, Israel agreed to ceasefire terms brokered by Egypt, but Hamas rejected the proposal on the grounds that it had not been consulted. There remains little hope here that a lasting ceasefire will take effect. ... Read more
DemocracyNow Daily NewsDemocracy Now! U.S. and World News Headlines for Tuesday, July 15 [11:00]
NSA JTRIG Tools-Techniques - Cryptome.pdf
DN | With 192 Dead in Gaza, Is True Ceasefire Possible Under Israeli Occupation, Palestinian Resistance? (07/15/14) [6:18] DN | After Palestinian Unity Deal, Did Israel Spark Violence to Prevent a New "Peace Offensive"? (07/15/14) [9:21] DN | Green Scare: Animal Rights Activists Face Terrorism Charges for Freeing Minks From Fur Farm (07/15/14) [3:09] DN | The Prosecution Gap: Corporate Polluters Rarely Criminally Charged for Violating Environmental Law (07/15/14) [2:52]
A new investigation by The Crime Report published Monday documents how corporations almost never face criminal investigations for violating environmental laws such as the Clean Air Act and the Clean Water Act. A survey of environmental violations tracked by the Environmental Protection Agency shows just one-half of one percent of them trigger criminal prosecution. Joining us to describe his investigation, The Crime Report's Graham Kates describes how one company, Alpha Natural Resources, faced only civil fines after it racked up more than 6,000 violations between 2007 and 2013. Kates say prosecutions are hampered by limited government resources in pursuing corporate polluters. The EPA has just 200 agents nationwide, and the Environmental Crime section of Department of Justice has just 38 prosecutors.
TRNN News*TRNN | Bill Black: Who Is the Unsung Hero of the $7 Billion Citigroup Settlement? (07/15/14) [6:53]
WORONCZUK: And, Bill, can you put this $7 billion, this settlement, in context? How does this compare to the profit that Citibank made off of the mortgage-backed security, as well as to the damage they did to the U.S. economy?*TRNN | Hedges and Lessig on Money and Politics, Part 1 (07/15/14) [18:38]
BLACK: Well, Citicorp doesn't necessarily make profit out of all of this. As I've tried to explain many times, many of these fraud mechanisms involved looting the corporation, which is, again, another reason why the prosecution should center on the individuals, not on Citicorp. After all, this fine is not going to be paid by the officers who are made wealthy by the fraud; it's going to be payed by the shareholders. And the shareholders frequently already lost money because of the looting.
But if you ask me what was the damage done by these kinds of frauds, the best estimate of economists right now is that we lost $21 trillion--a trillion is a thousand billion--$21 trillion in lost productivity as a result of the Great Recession that is a direct result of this epidemic of these kinds of fraud. And we lost 10 million American jobs. Now, that's just the American story. In Europe, both of those numbers are significantly larger.
TYT NewsTYT | Strong Words From The Latest Sane Person Run Out Of The Republican Party (07/15/14) [3:32]
HumorHottest Year On Record? (07/15/14) [2:21]
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.
Citigroup Will Pay $7 Billion To End DOJ Mortgage Investigation
July 14 (Reuters) - Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis.Read more
The settlement figure was more that twice what many analysts expected earlier this year but less than the $12 billion the government had sought in negotiations with the bank.
Citigroup said on Monday it would pay $4.5 billion in cash and provide $2.5 billion in consumer relief.
The bank said it would take a related pre-tax charge of about $3.8 billion in the second quarter. The bank is scheduled to report results before the market opens on Monday.
Mission Accomplished: Retail Piles In To Stocks As Pros Pile Out
With year-end target after year-end target having been met and raised by the oh-so-ethical sell-side strategists and asset-gatherers, it appears the Fed's grand plan of dragging every bit of cash into the increasingly more risky equity markets is working. After a rally driven more by financial engineering that real sustainable growth, Bloomberg reports, individual investors are plowing money back into the U.S. stock market just as professional strategists say gains for this year are over. As one senior equity manager warned, "if Wall Street, after poring over all known data, comes up with a target and we're already there, and you still see individual investors buying and they're typically the ones that are late to the party, it would seem there is limited upside," but that didn't stop about $100 billion being added to equity mutual funds and exchange-traded funds in the past year, 10 times more than the previous 12 months. We have found this cycle's greater fool and once again it is the retail investor. ... Read more
Contribution to annualized nominal 1Q GDI growth: Real Gross Domestic Income plunged 2.6% in 1Q, nearly matching the decline in GDP. Looking at the components (only available in nominal terms), the biggest driver of the decline was a collapse in corporate profits, which offset a trend-like increase in wages and salaries. The decline in corporate profits is indicative of weaker aggregate demand and a drop in productivity. ... Read more
Have We Gone From a Post-War to a Pre-War World
On June 28, 1914, a chauffeur panicked after a failed bomb attack on his boss, took a wrong turn and came to a complete stop in front of a café in Sarajevo where Gavrilo Princip was sitting. Princip, discouraged at the apparent failure of the planned murder, seized the unexpected opportunity and fired the shots that began the First World War, a cataclysm which claimed over nine million lives, ended four empires and set in motion events from the Communist Revolution in Russia to the rise of Nazi Germany.
One hundred years later, the world is nervously keeping its eyes peeled for misguided chauffeurs and asking itself whether history could repeat. The great powers are at peace, and trade and cultural ties between nations seem closer than ever before, yet the international scene is in many ways surprisingly brittle. In particular, a rising naval power is challenging an established hegemon, and a "powder keg" region replete with ethnic and religious quarrels looks less stable by the day.
In 1914, Germany was the rising power, the U.K. the weary hegemon and the Balkans was the powder keg. In 2014, China is rising, the United States is staggering under the burden of world leadership and the Middle East is the powder keg. ... Read more
DemocracyNow Daily NewsDemocracy Now! U.S. and World News Headlines for Monday, July 14 [14:35] DN | "Israel Targets Civilians, the Casualties Speak Volumes": Int'l Protection Urged for Besieged Gaza (07/14/14) [7:01]
DN | Norwegian Physician Treating Wounded Civilians: Stop the Bombing, End Israeli Impunity in Gaza (07/14/14) [4:04]
TRNN News*TRNN | Shir Hever: An Occupier's Peace or a Just Peace, Part 4 (07/13/14) [19:21]
TRNN | Haaretz columnist Gideon Levy: A Ground Invasion of Gaza Will Achieve Nothing but More Bloodshed (07/14/14) [7:50]
Haaretz columnist Gideon Levy says the people of Gaza are victims of Israeli domestic politics and treated like hostages by Hamas.
HeistHeist: A Who Done It On The Economy (shortened version) [27:57]
*Heist: Who Stole the American Dream? (full) (2012) [1:26:21]
TYT NewsTYT | ISIS Dominates Iraq Using Sophisticated Social Media Tactics (07/13/14) [6:41]
*TYT | Cyber? Bankers & Gov Officials Steam Up Revolving Door (07/13/14) [6:05]
TYT | Fox News Has Typical Ironic B*tchfest Over Atheist Ad (07/13/14) [7:15]
TYT | Honey Boo Boo, Kardashians, Duck Dynasty - Victims Of A Grim New Reality (07/13/14) [7:15]
Ring of FireRing of Fire | Abby Martin: Blackwater's Criminal History (07/11/14) [10:51]
The private mercenary firm Blackwater is finally on trial for committing some of the worst atrocities during the Iraq War. Reports show that the company knowingly killed innocent, unarmed Iraqi civilians -- women and children -- and so far they haven't been held accountable. And that's just the tip of the iceberg for Blackwater's crimes.*Ring of Fire | Papantonio: Jesus Was NOT A Republican (07/14/14) [10:04]
FRAUD and GREED (also see Sticky News)
Goldman SachsCNBC | Goldman Sachs Power and Peril CNBC Documentary (older, 11/22/13) [42:22]
PBS | Frontline: Untouchables on Wall Street (older, repeat) [55:36]
Goldman Sachs: Greg SmithGoldman Sachs VP explains why he quit (older, 2012) [13:28]
Why I Left Goldman Sachs: Greg Smith on Business Ethics & the Financial Services Company (older, 2013) [1:03:55]
Interview with a TraderEx Goldman Sachs Trader Tells Truth about Trading (older, 2013) [12:38], Part 2 [12:44]
Million Dollar Traders (Full Series 1 of 3) (older, 2013) [58:53]
Investment Banks Destroyed in this Awesome Presentation (older, 2013) [23:13]
Mind Over Money - PBS NOVAPBS NOVA | Mind Over Money (02/20/14) [52:55]
Money Addiction - How Money Rule Our Lives (02/20/14) [1:19:06]
10 Supreme Court Rulings -- Before 'Hobby Lobby' -- That Turned Corporations Into People
Last week's Hobby Lobby ruling charted new legal territory by granting corporations the same religious rights as real people. The rationale behind the decision -- that expanding constitutional rights to businesses is necessary to "protect the rights of people associated with the corporation" -- is far from novel. A line of Supreme Court rulings stretching back 200 years has blurred the distinction between flesh-and-blood citizens and the businesses they own, laying the groundwork for Hobby Lobby and the equally contentious Citizens United ruling. Here's a timeline of the corporation's human evolution:
CEO Of Europe's Largest Insurer Pops The Utopia Bubble: "Nothing Is Solved And Everybody Knows It"
"The fundamental problems are not solved and everybody knows it," Maximilian Zimmerer, CEO of Allianz, said at Bloomberg LP's London office. The "euro crisis is not over," he said. "There is only one country where the debt level last year was lower than 2012 and this is a signal the debt crisis can't be over, only a recognition of the debt crisis has changed," Zimmerer said on July 9. "If the debt levels are not going down in the end we will have a problem, that is for sure." ... Read more
Are "failed U.S. policies" to blame for the rise in unaccompanied Central American migrant children?
The Facts: It's unlikely that Central American families are paying such close attention to discussions of administrative changes within the U.S. executive branch. Even leaving this aside, there are at least four reasons why the House members' letter's claims are inaccurate.
Washington Office on Latin America (WOLA) website
DemocracyNow Daily NewsDemocracy Now! U.S. and World News Headlines for Friday, July 11 [7:16] *DN | "We Should Be Protecting Children": Rep. Gutiérrez Supports Funds for Humanitarian Crisis at Border (07/11/14) [11:52]
DN | "Worst of the American Spirit": Advocates Decry Anti-Immigrant Protests, Urge Asylum for Children (07/11/14) [7:10]
DN | Gaza Debate: As Palestinian Deaths Top 100, Who's to Blame For Escalating Violence? What Can Done? (07/11/14) [8:48]
Bill Moyers*Bill Moyers | Bill speaks to NY Times columnist Linda Greenhouse and Slate's Dahlia Lithwick about the agenda of the Roberts court. (07/11/14) [36:38], Part 2 [16:13]
*Bill Moyers | Katrina vanden Heuvel and Jamie Raskin on the Pro-Corporate Supreme Court (older 2012) [37:25]
The Nation editor Katrina vanden Heuvel and Jamie Raskin, constitutional law professor and Maryland state senator, join Bill to discuss how the uncontested power of the Supreme Court is changing our elections, our country, and our lives. The two joined forces for a special upcoming issue of The Nation entitled "The One Percent Court."Justice for Sale, Bill examines the impact of campaign financing on the judicial election process. (really old, but good) [56:37]
"We wanted to bring attention to how this court has empowered the 1% at the expense of the 99%," says vanden Heuvel. "How it is now working for big business, for corporate power against the interests of ordinary citizens in this country."
The Powell Memo: A Call-to-Arms for Corporations (2012)
Lewis Powell Memo.pdf
HeistHeist: A Who Done It On The Economy (shortened version) [27:57]
Heist - Who Stole the American Dream? (full) (2012) [1:26:21]
TRNN NewsTRNN | Shir Hever: Israel -- World Capital of Homeland Security Industries, Part 3 (07/11/14) [19:19]
*TRNN | The Strategic Goal of Israeli Offensive against Gaza Is Revenge (07/11/14) [16:38]
TRNN | Todd Miller: Security, Refugees, and Profit at the U.S. Border (07/11/14) [16:38]
Todd Miller: As record numbers of child migrants from Central America arrive at the U.S.-Mexico border, the crisis should be a treated as a refugee issue, not a security issue.
US Senator Bernie SandersGovernment Spending and Demand Side of Economics (07/11/14) [3:22]
Bernie Sanders on the Plutocratic Society (older, but good) [3:39]
TYT NewsTYT | Rick Perry Chewed Alive By His Own Words, Oops (07/10/14) [6:16]
TYT | Mistakes Are One Thing But What ABC News Did Is Journalistic Negligence (07/10/14) [4:16]
Congress' Leaders Showed Exactly How Broken They Are In Just 10 Minutes
Like the base ball bawlers, Reid said, the GOP's tirades are just for show, a way to distract from other problems and perhaps give their team a lift.
"It was a gimmick many times, a distraction meant to sidetrack one side and rally the other," Reid said. "In the House of Representatives, the Republican leadership in the House are trying a similar tactic by threatening to bring suit against the president of the United States. They're searching desperately for something --- anything --- to keep the radicals within their own caucus over there, to keep 'em happy. That's hard to do as we've seen. They want to do this to divert the American people's attention from their very own inaction." ...
The British government dealt a strong blow to creationists last week when they clarified and extended their laws banning creationism in the classroom to not only free schools, but to academies as well.
Academies, including free schools, are the UK's version of the charter schools in the US, and there were concerns that, since academies are often run by religious organizations who taught and endorsed creationism in the classroom, kids who attend them were not being taught actual science. ... Read more
Futures Tumble, Bunds Soar To Record, Gold Surges As Europe Is Broken Again; Espirito Santo Halted
But... but... the VIX said everything is ok, and European rates were the lowest they have been in centuries... How can something possibly go wrong? It just did.
The scandal which we first reported yesterday, after observing the record collapse in the bonds of troubled Portuguese lender Espirito Santo International following the failure to make a bond payment, has quickly escalated and overnight went nuclear. ...
The Great Barrier Reef Will Be Ravaged By El Niño
The Great Barrier Reef is set to be ravaged by the expected El Niño weather phenomenon and scientists warn that similar warming events have significantly impacted upon the reef's coral.
Research by the University of Queensland studied large Porites coral colonies, a type of coral considered more resistant than others to changes in the environment.
By analysing and dating coral samples, researchers found there was a significant correlation between mass coral mortality events and spikes in sea surface temperature over the past 150 years. ... Read more
The Giant Methane Monster That Can Wipe Out the Human Race
Underneath the frozen Arctic are 1,000 gigatons of the world's most deadly greenhouse gas.
... Methane is one of the strongest of the natural greenhouse gases, about 80 times more potent than CO2, and while it may not get as much attention as its cousin CO2, it certainly can do as much, if not more, damage to our planet.
That's because methane is a far more potent greenhouse gas than carbon dioxide, and there are trillions of tons of it embedded in a kind of ice slurry called methane hydrate or methane clathrate crystals in the Arctic and in the seas around the continental shelves all around the world. ... Read more
Tiny Houses Big With U.S. Owners Seeking Economic Freedom
"I wanted to have an edge against career vagaries," said Immel, a former real estate appraiser. A dwelling with minimal financial burden "gives you a little attitude." He invests the money he would have spent on a mortgage and related costs in a mutual fund, halving his retirement horizon to 10 years and maybe even as soon as three. "I am infinitely happier."
Dramatic downsizing is gaining interest among Americans, gauging by increased sales of plans and ready-made homes and growing audiences for websites related to the niche. A+E Networks Corp. will air, beginning today, "Tiny House Nation" a series on FYI that "celebrates the exploding movement." ... Read more
DemocracyNow Daily NewsDemocracy Now! U.S. and World News Headlines for Thursday, July 10 [11:10] DN | Spied on for Being Muslim? NSA Targets Named in Snowden Leaks Respond to U.S. Gov't Surveillance (07/10/14) [5:37]
A new report by The Intercept has identified five prominent Muslim Americans who were spied on by the National Security Agency. It cites an NSA spreadsheet leaked by Edward Snowden that shows nearly 7,500 email addresses monitored between 2002 and 2008, including addresses that appear to belong to foreigners the government suspects of ties to al-Qaeda, along with Americans accused of terrorist activity. But it also lists the email addresses of a former Republican operative and one-time political candidate, a professor at Rutgers University, and the head of the largest Muslim civil rights group in the country. We speak with Pulitzer Prize-winning reporter Glenn Greenwald, who broke the story for The Intercept based on documents leaked by Snowden. "The only thing they really had in common is that they are all politically active Americans Muslims," Greenwald says. "And that seems to be enough in the intelligence community to render these people suspicious." We are also joined by two people Greenwald names in the article: Asim Ghafoor, a prominent civil rights attorney who has represented clients in terrorism-related cases; and Faisal Gill, an attorney and former senior policy director with the Department of Homeland Security. When asked what needs to be done in response to the revelations, Gill argues Congress should step in and exercise its authority over how the FISA courts approve surveillance. "In our cases I don't think there is probable cause ... so the entire system needs to be examined," Gill says. "What happens is you paint somebody with a broad brush and they're tainted for life ... Nobody wants a lawyer that the government suspects of being involved in these type of activities."DN | "Indonesia is on a Different Path": U.S.-Trained General Defeated After Alleged Plot to Rig Vote (07/10/14) [4:27]
An initial count in Indonesia's hotly contested presidential election shows Jakarta Governor Joko Widodo has a several-point lead over former army general Prabowo Subianto. Prabowo has refused to concede defeat, and official results won't be known until after July 20. The American journalist Allan Nairn recently reported Indonesian forces tied to Prabowo have waged a campaign to rig the election in his favor, including "ballot tampering, street violence and threats" against rivals. Prabowo, who received military training by the United States, has been accused of mass killings when he headed the Indonesian special forces in the 1990s. Nairn's reporting on Prabowo became a major issue in the campaign, and Prabowo has filed criminal charges against him for inciting hatred against the Indonesian military. Joining us from Indonesia, Nairn argues that despite supporters that include "killer generals," Widodo will be more responsive to calls to reform the country's corrupt political system if popular movements pressure him to do so. "It is very unlikely [Widodo] would respond by opening fire as the Indonesian army has in the past, and as Prabowo undoubtedly would," Nairn says. "He would probably respond by sitting down with people and say, 'Let's work something out.'"
Bill MoyersBill Moyers | Is the Supreme Court Out of Order? (preview) (07/09/14) [0:29]
The latest session of the US Supreme Court was especially contentious, with important decisions on the separation of church and state, organized labor, campaign finance reform, birth control and women's health, among others, splitting the court along its 5-4 conservative -- liberal divide.
On the other hand, nearly two-thirds of the court's decisions this term were unanimous -- the first time that's happened in more than 60 years. But there's more to that seeming unanimity than meets the eye: in some instances, conservative justices went along but expressed their wish that the court had gone even further to the right, and many believe that some of the decisions might simply be a preliminary step toward a more significant breaking of legal precedent in years to come.
TRNN NewsTRNN | Investigation Proves NSA Spies on Americans beyond Metadata Collection (07/10/14) [8:23]
A four month long investigation by The Washington Post has found that nine out of ten (yes, 90 percent) of all NSA-intercepted data are from ordinary citizens. These folks were not the intended surveillance targets, yet the NSA was able to intercept Facebook messages, photos, and more. The information for the report was based on revelations from NSA whistleblower Edward Snowden.TRNN | Shir Hever: Growing Up Privileged in Apartheid, Colonial Israel, Part 1 (07/09/14) [21:42]
TRNN | Shir Hever: Fear and Loathing in Israel, Part 2 (07/10/14) [21:14]
Truth OutGreg Hunter: We don't have real markets, we have a massive manipulation scheme (older 2013) [27:29]
Larry Lessig MayDay.us SuperPACWill you support the MayDay PAC? (07/03/14) [5:10]
MoveOn.org Poll website
Ring of FireRing of Fire | Papantonio: Dark Money Poisoning Politics (07/09/14) [8:02]
Ring of Fire | Pap and Seder: Southern States Are Keeping Children Stupid (07/09/14) [7:28]
TYT NewsTYT | Outrageous Claim By Republican To Justify Doing Nothing (07/09/14) [2:40]
TYT | Tens Of Thousands Poisoned & The Fine Is So Small It Insults Human Decency (07/09/14) [5:04]
TYT | Bible-Toting, Gun-Wielding Woman Gets Big Wet Kiss From Fox News (07/09/14) [5:18]
Remarkable Animal Stories
Many years ago I had a dog that developed cancer in one of her front legs. After talking to the vet I thought I had three choices, 1) do nothing and tend to the dogs needs, 2) Chemotherapy which might or might-not work, and 3) cut the limb off. I chose the first option and had three to four more months of loving and careing for the dog. If given the choice today... I would have remove the limb and helped Lacy through recovery!AP | Cute Dog Story (06/22/14) [1:13]
Amazing Two Legged Dog (2008) [5:41]
Two Legged Boxer Duncan Lou Who - First Trip to the Beach (03/22/14) [2:14]
One Company Finally Admits: It Wasn't The "Harsh Weather" After All
Yesterday we heard from the CEO of the world's biggest company that the exuberant jobs data did not reflect any economic reality Wal-Mart was seeing. Overnight, William Arthur Tindell, CEO of The Container Store, further destroyed the myth of a 'recovery' stalled by 'weather' and threw the rest of his 'retailer' brethren under the bus: "We thought our sluggish sales were all because of weather and calendar shift...but now we've come to realize it's more than that, consistent with so many of our fellow retailers, we're experiencing a retail funk." ... Read more
The Psychology of the Sunni-Shia Divide
Why is there so much animosity between groups that seem so similar?
More than a decade after the Iraq war began, it still boggles our minds: Sunni and Shia--both revering the Quran, following Muhammad and praying to Allah--killing one another. It brings to mind the 3,500-plus dead from the clashes between Northern Ireland's Protestants and Catholics--all, at least nominally, following the same Prince of Peace
One wonders: Why such animosity among those so ethnically and religiously similar? Certainly, Sunni-Shia violence has deep historical-political roots. Ditto the Protestant-Catholic clashes. As the late Ed Cairns, leader of the University of Ulster's Peace and Conflict Research Group, once explained to me, religious labels can sometimes be markers for just those kinds of deep cultural divisions. ... Read more
2,500 Oklahoma Earthquakes Linked To Fracking, Scientists Say
More than 2,500 small earthquakes have hit Oklahoma in the past five years, and nearly all of them can be linked to the process of drilling for oil and gas, according to a recent study published in the journal Science.
The study, led by Cornell University geophysics professor Katie Keranen, is the latest of many scientific studies showing a probable connection between earthquakes and drilling-related activity across the country. Specifically, the quakes are linked not to the fuel extraction itself, but to a process called "wastewater injection," in which companies take the leftover water used to frack wells and inject it deep into the ground. ... Read more
Federal judge says Supreme Court should "stfu"
In the wake of the Hobby Lobby ruling, George H.W. Bush appointee Judge Richard George Kopf has some advice for how the Supreme Court can guard against losing even more prestige and legitimacy in the eyes of the public: STFU.
"[T]his term and several past terms has proven that the court is now causing more harm (division) to our democracy than good by deciding hot button cases that the court has the power to avoid," Kopf writes at his personal blog, Hercules and the Umpire. Read more
5 of the Worst Pundits Spreading Propaganda About the Middle East
From CNN to Time to ABC , the mainstream media is absolving the U.S. of blame for Iraq, and allowing pro-Israel pundits to get away with falsehoods. Here are five of the worst pundits and hosts talking about Middle East crises.
DemocracyNow Daily NewsDemocracy Now! U.S. and World News Headlines for Wednesday, July 09 [8:42] DN | WikiLeaks' Julian Assange Responds to Hillary Clinton: Fair U.S. Trial for Snowden "Not Possible" (07/09/14) [4:46]
DN | Julian Assange on Aiding Snowden, Tiff w/ The Intercept & Whether He'll Ever Leave Embassy Refuge (07/09/14) [17:16
TRNN NewsTRNN | Shir Hever: Growing Up Privileged in Apartheid, Colonial Israel (07/09/14) [21:42]
TRNN | Middle East Correspondents Yousef al-Helou and Lia Tarachansky discuss: Israeli Press Continues to Coordinate with Military (07/09/14) [11:52]
Bill Moyers | Inequality for AllBill Moyers | Interview with Robert Reich about his documentary film, Inequality for All (older) [56:12]
Robert Reich | Inequality for All (full) [1:30:11]
*Wealth Inequality in America [6:25] *Wealth Inequality in the World [3:51]
Ring of Fire | Colonizing AmericaRing of Fire | Papantonio: Get Angry or Die (07/08/14) [8:36]
Ring of Fire | Papantonio: U.S. Being Colonized by Multinational Corps (07/08/14) [4:58]
TYT NewsTYT | Liberal Trolling Gone Wrong (07/08/14) [3:47]
TYT | Koch Bros Hatchet Man Attacks Harry Reid In Politico Chop Job (07/08/14) [13:38]
TYT | Missiles Rain As Israeli-Palestinian Conflict Ignites, More Violence Forecast (07/08/14) [8:27]
HumorMark Fiore | Neocon Reunion Tour (07/09/14) [1:56]
Mark Fiore | Create-Your-Own Caliphate (07/05/14) [2:13]