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Category Archives: Current Affairs
Voices from the “Wild North”: Fracking in North Dakota
Williston, Watford City, New Town, Sidney, Montana and a handful of towns like them are located near the epicenter of the Bakken formation, a subsurface geologic strata thought to contain between 4 billion and 24 billion barrels of recoverable oil. … Continue reading
Posted in Current Affairs
Tagged drilling, fracking, lap dancers, north dakota, oil money
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U.S. Military Desperate To Be Handed Just One Solid War It Can Knock Out Of The Park
ARLINGTON, VA—Reportedly fed up with complicated and protracted operations overseas, top Pentagon officials acknowledged this week they were desperate to be given just one straightforward, no-nonsense military engagement they could really knock out of the park. “Given all these messy, … Continue reading
“Hello! You’ve Been Targeted For a Drone Assassination!”
Posted in Current Affairs
Tagged constitutional rights, drones, fair trial, tom the dancing bug, war on terror
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Why the Global Warming Skeptics Are Wrong
The threat of climate change is an increasingly important environmental issue for the globe. Because the economic questions involved have received relatively little attention, I have been writing a nontechnical book for people who would like to see how market-based … Continue reading
Posted in Current Affairs, Earth
Tagged agw, climate change, global warming contrarians
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Meanwhile, in Athens…
You don’t expect to see so many hungry people in a major European city. They line up each day looking for a handout in the soup kitchens and bread lines run by the municipality. But the 40 workers under contract … Continue reading
Posted in Current Affairs, Economics
Tagged austerity measures, debt, economic collapse, greek crisis
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Climate Change Deniers ‘Orchestrate intentional and malicious campaign’
He is one of the most vilified men in the highly vilified field of climate science, yet Professor Michael Mann is surprisingly jolly. Despite being the focus of a brutal campaign orchestrated by the fossil-fuel industry and senior politicians within … Continue reading
Just About Everything That is Wrong on Wall Street
The stunning reality is that five years into the financial meltdown, it’s business as usual on Wall Street – outlandish rewards for insiders with downside for almost everyone else. Occupy Wall Street protesters are right – something is wrong – … Continue reading
Trends for 2012
1. Economic Martial Law: Given the current economic and geopolitical conditions, the central banks and world governments already have plans in place to declare economic martial law … with the possibility of military martial law to follow. 2. Battlefield America: … Continue reading
Russia oil spills wreak devastation
Environmentalists estimate at least 1 percent of Russia’s annual oil production, or 5 million tons, is spilled every year. That is equivalent to one Deepwater Horizon-scale leak about every two months. Crumbling infrastructure and a harsh climate combine to spell … Continue reading
More Radioactive Leaks From Fukushima
TOKYO — At least 45 tons of highly radioactive water have leaked from a purification facility at the Fukushima Daiichi nuclear power station, and some of it may have reached the Pacific Ocean, the plant’s operator said Sunday. Nearly nine … Continue reading
Bank funding crisis deepens
In other words European workers must now be forced to compete toe to toe with Chinese labor costs even though the cost of living in Europe is vastly higher than living in China. Of course the obvious solution to that … Continue reading
Debt or Taxes – the battle of our time
The key is this: by bailing out the banks and the private financial system we are diverting tax and the power it confers from the Nation State and its system of democratic accountability, and instead empowering a system where debt … Continue reading
Posted in Current Affairs, Economics
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Credit Crunch 2.0?
So now we have almost every aspect of the original sub-prime credit crunch reproduced by the same people who did it the first time and were never punished or even rebuked but instead were allowed to reward themselves with millions … Continue reading
The World Is Drowning in Debt, and Europe Laces On Concrete Boots
Three metaphors describe Europe: drowning in debt, circular firing squad and trying to fool the money gods with an inept game of 3-card monte. The world’s major economies are drowning in debt–Europe, the U.S., Japan, China. We all know the … Continue reading
It doesn’t get any more immoral than this
Citigroup had to pay a $285 million fine to settle a case in which, with one hand, Citibank sold a package of toxic mortgage-backed securities to unsuspecting customers — securities that it knew were likely to go bust — and, … Continue reading
Posted in Current Affairs, Economics
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The Corporation of London undermines all attempts to curb the excesses of finance
It’s the dark heart of Britain, the place where democracy goes to die, immensely powerful, equally unaccountable. But I doubt that one in 10 British people has any idea of what the Corporation of the City of London is and … Continue reading
Posted in Current Affairs, Economics
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There Is No Way To Stop Europe’s First Domino From Falling
Simply put, there is no way the EU authorities can stop the first domino — Greek default or equivalent writedown of its impossible debt load — from toppling the over-leveraged banks which will be rendered insolvent when forced to recognize … Continue reading
Matt Taibbi: My Advice to the Occupy Wall Street Protesters
No matter what, I’ll be supporting Occupy Wall Street. And I think the movement’s basic strategy – to build numbers and stay in the fight, rather than tying itself to any particular set of principles – makes a lot of … Continue reading
Reasons the Wall Street Protesters are Protesting
They came by the thousands, and then the tens of thousands. As the crowd swelled in Foley Square massing for a march to Wall Street, I was most struck by its diversity. They were young, old and middle-aged; black, white, … Continue reading
Slavoj Zizek at Liberty Plaza
Extracts of Slavoj Zizek’s speech 9 October at Occupy Wall Street: They tell you we are dreamers. The true dreamers are those who think things can go on indefinitely the way they are. We are not dreamers. We are awakening … Continue reading
Posted in Current Affairs, Economics, Wake Up Call
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