“When I give food to the poor, they call me a saint. When I ask why they are poor, they call me a communist.” Dom Hélder Pessoa Câmara, Archbishop of Olinda and Recife, also known as the ‘Bishop of Corum’
- “JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of $2bn (£1.2bn) on complex investments made by its traders.”
- “The leader of Greece’s Socialist Party, Evangelos Venizelos, says he has made progress in efforts to form a coalition after inconclusive elections on Sunday.”
- “More than 20ft high, rubber, inflatable and wobbling, the latest weapon in Chancellor Angela Merkel’s relentless austerity drive looks uncannily like a children’s bouncy castle. Yet it is currently touring Germany’s most populous state ahead of this weekend’s key elections which could determine her long-term political future.”
- TRNN: “What Americans can Learn from Eurocrisis. Michael Hudson: From the Democratic Party to European “Socialists”, they manage crisis in the interests of finance.”
- “The US trade deficit widened at its fastest rate for 10 months in March. Official figures from the Commerce Department show the deficit at $51.8bn (£32.0bn) in March, up from $45.4bn in February.”
- “Maybe China’s leaders —currently embroiled in a complex leadership transition — should worry less about politics at the moment, and more about economics. The latest numbers out of Beijing today are anemic, particularly on the domestic economy.”
- “The International Committee of the Red Cross (ICRC) has suspended humanitarian activities in two of Pakistan’s largest cities, Peshawar and Karachi.”
- “President Barack Obama’s recent statements about a ‘new dawn’ for Afghanistan, made in the middle of the Kabul night, were all too reminiscent of the ‘light at the end of the tunnel,’ a phrase that came to symbolize all the over-optimism of America’s long involvement in Indochina.”
- TRNN: “Quebec Students Demand Education as a Right, Continue Strike. J Bedard: Students almost unanimously reject government deal, willing to lose year if necessary.”
“Global Capitalism – May 2012 Monthly Update.” Prof Richard Wolff’s monthly presentation at the Brecht Forum in New York.
The truth will set you free but first it will piss you off.



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Mornin’, pups
Thanks, SD. Seriously, that Chase is having to disclose its losses, despite protesting that that dreaded free market would destroy all our banks if they have to tell the truth – is a good result and promising for consumer interests.
Good morning SoDrag.
Thank dawg our President put Jamie Dimon on his blue ribbon jobs panel. $2 billion lost in 6 weeks. That he admits to. Wonder what the real number is and how much staff will be cut as a result.
From BAR link:
x2. Morning, SD.
Morning all, coffee black please .
What is the sound of the first card in a house of cards slipping makes ?
CDSs are promises, promises with words as a backup if things don’t go right. 6 or 7 $ trillion dollar promises, if some folks are to be believed. It’s like liars poker with million dollar bills.
Savvy huh?
Interesting that Chase is at the top of all the news this morning, combined with bank shares dropping like a stone.
Remarkably similar to home mortgages granted on data known to be unadulterated lies.
Ooopsie sez Jamie Dimon & Jon Corzine.
Time to just “look forward?”
Not quite yet. Gotta dun the poor to make the 0.01%ers good on the $3.2 billion. Then we can look forward.
Many Americans fear the “socialists” but trust the banksters.
Dooley’s war against Islam sounds like a zinger.
Is that fucked up, or what?
A large majority of them are racists. IMO. And bigots.
Arpaio lawsuit first segment on dn.
He’s going to defend himself by pointing out that USG does same stuff, without even policing the borders. Sounds like a face loser for USG.
You gotta hand to the PTB. They’re very good at thought control, but then they control the flow of information to the people.
DoJ vs. HS. Napolatano apparently sought Arpaio’s endorsement when she ran for guv.
This’ll make you cry. Think of what we could do with the money we’ve wasted on these fuckin’ wars.
From next to last bullet:
Oh great.
The benefits of Empire.
Good morning, freedom lovers. Awwww, bankers got a boo-boo. Lock up your wallets.
well,well dija see this
MI6 recruited underpants bomber, US reports claim
Source: Channel 4 News
MI6 recruited underpants bomber, US reports claim
Friday 11 May 2012.
British security services helped recruit the double agent who thwarted a plot to bomb a US-bound airliner, NBC News said in detailed reports that put MI5 and MI6 in an awkward position.
UK and Saudi agents were involved in penetrating a plot by al-Qaida in the Arabian Peninsula to detonate a more sophisticated underwear bomb aboard an American jetliner, NBC said citing unnamed security sources. The alleged bomber has not been identified publicly.
Officials said the bomb – a refined version of an “underwear bomb” used in two previous failed plots – was driven from Yemen to Saudi Arabia and was being examined by US experts at FBI labs in Virginia.
Good morning from Indianapolis! Staying away from the nooz today.
I see it every day, from our local TV to the national snoz. There was that piece i saw yesterday here…Cant find it now but had abit about lateralism. Which we can say is how our information flows here.
I am still awake as my pain meds ran out.
So if I punch Dimon in the nose, it’s OK because it happened in the past? Well OK then.
I still think this story is fabricated out of whole cloth (WMDs anyone) to justify more invasive procedures & machines at a/p. The more the details come out the more bizarre it seems.
wars ,shmores look at this list
According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly from page 131 of the GAO audit report….
Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion
This report was made available to all the members of Congress, but most of them have been totally silent about it. One of the only members of Congress that has said something has been U.S. Senator Bernie Sanders.
The following is an excerpt from a statement about this audit that was taken from the official website of Senator Sanders….
i said that day 1,it was the day of French and Greek elections…
Pffft. Just a drop in the bucket.
soon we will be talking about REAL $$$$////
I think we may be forced to wear our underwear over our clothes. Like is done so often in hazing exercises.
My first reaction too.
Seems to be a little better crafted than the story about the AQ guy who was gonna assassinate the Saudi ambassador in a D.C. restaurant.
But no evidence. Just anonymous sources. I want to see the panties, and the experiment when they blow up. (Not that they couldn’t photoshop that.)
Damn never should have lost that old board game.
I have to agree. A little more sophisticated than the homeless guys in Miami who were gonna blow up some building in Chicago, but manufactured by the intelligence sector nonetheless.
Fly naked.
An unintended outcome would be massive increases in Mile-High Club. :-)
On edit: Might also solve the obesity problem.
Hey, Madonna did it for a while. Was quite the fad.
Good morning everyone. Thanks for the post SouthernDragon.
Good choice.
Does the label read, “Made in Yemen?” or “Made in U.S.A?” or “Made in GB?”
Don’t give the TSA any ideas.
I hope they remember to wash their hands after examining it lol.
Everyone knows that everything is Made in China these days.
i must say that is the best option,for continually CONTRIVED news stories
Would be a really great opening for a Metallica concert.
Have all the guys underwear fucking explode in “Enter Sandman.”
The bomber’s first victim is his own crotch. Can’t help smiling . . .
The ultimate in “getting off.”
Really puts the kibosh on that 72 virgin thingy.
pass the popcorn
(Rebekah Brooks) Murdoch confidante lays bare ties to UK elite
Source: Reuters
Reuters) – Prime Minister David Cameron was among top politicians who commiserated with Rebekah Brooks when she was forced to resign in disgrace as head of Rupert Murdoch’s British newspaper group over a phone-hacking scandal, she told an inquiry on Friday.
Brooks is a former editor of the News of the World, which Murdoch shut in July when it emerged its journalists had hacked into the voicemail of public figures and a murdered schoolgirl. She was appearing at a judicial inquiry into press ethics to answer questions about her friendships with British politicians and the influence of Murdoch newspapers.
Anything is possible to the faith based. (Facts are just a leftie plot.)
Good morning. I try to stay up-to-date but there is too much. At the end of the day my head is spinning with all of the information, let alone the analysis. I have to admit that we don’t have TV so I can’t watch faux or any of the other megaphones. I generally get the headlines on the internet, but even that is almost too much.
Rom’y needs neuro-testing if he really does not recall cutting the hair of a HS kid….Liar.
‘nuf said
*snort*
Wouldn’t be the first POTUS with Alzheimers.
Especially since he doesn’t seem to remember cutting his hair but definitely does remember that he wasn’t gay. Or something like that.
Ann will have to clarify.
the Bard said it 500 years ago
Comedy of Errors
these cretins,apologies of innocent cretins
Nothing like an insult to start the day.
and Conservative PM, David Cameron, sent a note to Brooks on her arrest to “keep a stiff upper lip” and all that upper class stuff. The implication, “we’ll have you out of this all in due time.”
Coffee’s gone, my snark venom is just about drained, so I’m off to tasks.
Be well.
Can you please provide a link to the Sanders site piece. Would like to share it with others whining to me about letting the “free,” market work. I have not been able to find it. Sorry and thanks.
do they have presidential pardons?
ha
David Gregory on cnbc telling us that Dimon apologized for giving misinformation in their interview earlier this week, because his position required it, now saying Simpson Bowles is the answer. Manchurian candidate for regulation, on Squawk box
its on his website,ill go get it,hold the phone
turn it off,it rots the brain,our poor country
Do not see any indication that you are refusing to accept science, and do not know why you would assume that pose after our years of good feelings.
sorry i have to run,animaux calling,bbl
WPR reporting that Walker is on video tape explaining to the Illinois widow who donated $500K to Walker, his strategy to make WI a right to work state. Searching for that video.
Yesterday a Milwaukee attorney was the 12th player in Milwaukee politics, associated with real estate dealings with the city during Walker’s tenure as Milwaukee County executive, who was granted immunity from prosecution in the Walker, John Doe investigation.
Thanks sadly, I’m off to phone bank, I’ll check here later today.
here;
http://www.jsonline.com/news/statepolitics/in-film-walker-talks-of-divide-and-conquer-strategy-with-unions-8o57h6f-151049555.html
Off to swim in the great capitalist cesspool.
US KIA Afghanistan: 1,967
Afghan, Iraki and Pakistani casualties: estimates vary to over 1.5M
US MBS 2012: 16,244 and counting
No war but class war
Miles to Go
Be good to yourselves, and all other living things
Namaste
Never. Give. Up.
Literally stumbled across this. An example of the mind set of the so called “compassionate conservatives.” Living in a world of stereotypes.
http://www.youtube.com/watch?v=chq6PWkLxwo
Thanks Ruth,
This should be getting huge national coverage as Wallker lays out the national Republican strategy beautifully in his chat with the widow Hendricks. Her late husband’s business is ABC Supply Co Inc. National distributor of residential building supplies. Know where to shop.
Their stock is rebounding pretty significantly since the market opened 5 minutes ago. They were down 9% in overnight trading.
Things waiting to be done, thanks for good company.
Nevermind. There was a short rebound (executives dumping their shares?!?) and now they’re already down another half point.
Could this be the end of JP Morgan Chase? I effing hope so.
They are now laying out that strategy because after 30+ years of propaganda and indoctrination they now have the public primed to the notion of destroying collective bargaining.
good morning folks. As a former Chase employee,I am feeling a bit of schadenfreude this a.m. Pundits on Diane Rehm say significance is rhar regulation more likely now. hope thatmight be true.. prolly not, nut… looking on yhe bright side.
I’m home btw, typing w 1 finger, because it finally happened: I tripped over the feral cat who stickstoo close to my feet…and fell down yhe 2 patio steps. Seemed like mild twist of ankle,but then spasms in back on one side, and now neck hurts, too. Sigh.
Got the heating pad on, gotta lie down in a minute. But wanted my Caturday buddies to know before I can’t type at all. ;) I’m chuckling through the aches.
Sorry to hear about your accident. Hope you have a speedy recovery.
Big Boy tripped you up? That’s not good.
Hey, someone was talking about turmeric for back pain this morning. Check out wendydavis’ diary. You know that tripping incident was a plot to keep you home and engaged in the welfare of the kitteh colony.
Not good. Not good.
Bad week for cat lovers.
Sheesh. I hope you can rest on the weekend and take care of yourself. If there’s any doubt, you might consider getting checked out.
I waited too long to see a doctor when Picky bit me.
I am so sorry…My Orthopod emphzd how much injury is caused by these furry folks….Go to the dr. if you keep hurting, etc. So sorry. I really am staying (I hope) in the no-cat zone….Not an easy choice.
happily the numbers you quote are a bit of nonsense – calculated by taking a $10 billion dollar one day loan renewed for 700 days and calling it a $7 trillion dollar loan (calculated by multiplying the 10 by 700, despite the loan never exceeding $10 billion).
Bernie has finally admitted he went off with a bad interpretation – but he still used the number for effect – trillions are so exciting!
Yup, it was Big Boy. He’s just so eager, especially at feeding time. I told him just yesterday he’d regret it if he killed me. Well, he didn’t, and I think I’m okay.
Naturally, lying on my back with heat, I fell asleep; on waking, there’s only a little residual in in the back, and neck doesn’t hurt; a little stiff. I need to go to work for a bit, and work on Monday’s case; maybe just pick up the file and return home.
Luckily, maybe, I seem to have learned to fall fairly gently from yoga…my teacher commented on that the other day…trying certain hard to do poses, when I lose it, I just fall, but no damage. Prolly a good thing. I’ve also learned that it isn’t worth it trying not to spill a scoop full of food, so I just let it go.
I thought you guys would appreciate the story. Our furry friends have no idea what their winding around feet can do to us.
On the other
handpaw, Pushy’s taken to sleeping just inside the bedroom closet door, and as he’s solid black, he’s gotten stepped on a couple times this week. But I see (squinting) he’s there now. Oh well. Perhaps I’ll move Big Boy’s feeding spot so I don’t have to walk to it….it’s away from Smoodgie’s (by the door) so they don’t squabble over who eats from which dish.And…will everybody please call their congresscritters soon about the terrible, crappy, no-good, awful VAWA bill that will set dealing with family violence for immigrants back a century or so? It’s really terrible, and I should write more about it, but I need to get up and move out.
Thanks for the sympathy. I’m mobile and flexible, so I don’t think the fall will cause real damage. whew.
Here’s a link to a petition about HR 4970, the VAWA bill. Calling’s prolly better, but it tells you something about the proposed changes. As mean-spiorited and stupidas cutting all the benefits for poor people to save defense contractors.
Glad the healing news seems to be good….I cannot quite reconstruct what made me fall,etc…quite weird. But certainly how I fell was doing something to avoid landing on Angela….Mother’s love, I guess. Glad you are moving around……