Hard to believe, but yet another corporate malefactor turns out to be a hollow shell, devoid of assets and accountability, and this time half of a town got obliterated because of it. With every emerging detail, the derailment and explosion of an unmanned (!) train in Lac Megantic, Quebec turns out to be the same old plot with new characters. A larger concern with assets to protect “spins off” its shoddiest and riskiest parts, and any attendant liabilities, and leaves it alone to flame out, usually not so literally, but still leaving everyone but the con artists at the top holding the conveniently empty bag just the same.
|By: masaccio Thursday March 14, 2013 4:45 pm|
According to Fed Chair Ben Bernanke: “at the present time the major industrial economies apparently cannot sustain significantly higher real rates of return”
|By: Swopa Friday May 18, 2012 8:00 pm|
You probably read (here or elsewhere) about yesterday’s mini-firestorm in the blogosphere: the report that a wealthy right-winger, Joe Ricketts, was considering a $10 million super-PAC ad campaign reviving old charges about President Obama’s supposed connections to Rev. Jeremiah Wright.
You may have missed the punch line, though. The denial issued by Ricketts described him as “a fiscal conservative,” and his super-PAC is (rather ludicrously) named the “Ending Spending Action Fund.”
|By: Diane Wilson Sunday January 22, 2012 1:59 pm|
Palast takes us on a fast paced, kick ass narrative that globe trots from the 2010 Deepwater Horizon oil blowout in the Gulf of Mexico, to the coast of Alaska, to New Orleans, to Liberia, to Azerbaijan, to Fukushima, Japan. It’s the real-deal investigative reporting of corporate irresponsibility. As Greg Palast said himself in an interview,” This book is a story of the 1%. It’s why we occupy.”
|By: Attaturk Friday January 6, 2012 1:30 am|
It’s almost as if the wealthy were running the government.
|By: Peterr Saturday December 24, 2011 9:00 am|
The Smithsonian magazine highlights — and supports — evolution in the cover story of their January issue. Online, they go even further, with additional information and links.
Cue the TheoCon heads exploding in five, four, three . . .
|By: Attaturk Monday November 7, 2011 1:30 am|
The media bullhorn given to the plutocrats and Villagers-for-life continues its free profitable and responsibility-free call for our destruction. They get to make ALL the money, they get to be the ONLY voice that matters, and they get to pick the targets when we need to bomb yet another country so we don’t get rusty.
And who better than Evan Bayh to emit the dreck?
|By: Peterr Saturday October 29, 2011 9:15 am|
The late poet and Lutheran seminary professor Gerhard Frost once wrote “My check stubs are enough” to give you his autobiography. The former Chancellor of St. Paul’s Cathedral in London, Giles Fraser, wrote similar words in June 2010: the best way to assess what someone believes is to look through their bank statement. Forget fancy words and sermons, money is the way we mean it – or we don’t. Money is the sacrament of moral seriousness.”
Given the reactions of the MOTUs and Powers That Be to the Occupy Movement, I’d say they don’t enjoy having their morals examined.
|By: Phoenix Woman Saturday June 25, 2011 6:45 am|
The NYT’s Mary Williams Walsh fails to mention the role played by the massive tax cuts that the vast majority of states pushed through in the 1990s. It was known, as far back as 2002, that these tax cuts were going to cause major problems down the road — in fact, they were already causing problems for the states, and the people who help.
|By: Margaret Flowers, M.D. Monday June 6, 2011 1:57 pm|
When the tipping point is reached, it seems at once both unexpected and completely obvious. We are nearing that tipping point in the United States. We have witnessed the Arab Spring and the blossoming of the European Summer. We ask ourselves if now we will experience the American Autumn.