New information from the former Special Inspector General for Iraq Reconstruction (SIGAR) Stuart Bowen, reported by perhaps the bravest journalist alive today, James Risen, shows that of the multi-billions of U.S. dollars cash literally shipped on pallets to Iraq in 2003, over one billion was traced into Lebanon (the other billions remain unaccounted for.)
|By: Tom Engelhardt Thursday September 11, 2014 6:40 pm|
George Baer was a railroad and coal mining magnate at the turn of the twentieth century. Amid a violent and protracted strike that shut down much of the country’s anthracite coal industry, Baer defied President Teddy Roosevelt’s appeal to arbitrate the issues at stake, saying, “The rights and interests of the laboring man will be protected and cared for… not by the labor agitators, but by the Christian men of property to whom God has given control of the property rights of the country.” To the Anthracite Coal Commission investigating the uproar, Baer insisted, “These men don’t suffer. Why hell, half of them don’t even speak English.”den
We might call that adopting the imperial position. Titans of industry and finance back then often assumed that they had the right to supersede the law and tutor the rest of America on how best to order its affairs. They liked to play God. It’s a habit that’s returned with a vengeance in our own time.
|By: joe shikspack Monday July 21, 2014 7:15 pm|
Money is violence
Our system of money visits violence on people. Economic sanctions are an obvious example:
|By: cassiodorus Sunday March 16, 2014 5:45 pm|
In the society of money everyone and everything has its price. This “everything” extends to politics. When everything is a commodity, political services are a commodity for sale to the highest bidder.
|By: DSWright Thursday March 13, 2014 4:00 pm|
Warning: this may be painfully obvious. Just in case you, for some reason I can’t fathom, had doubts that money buys influence in Washington our friends in the ivory tower decided to perform a scientific experiment to prove it.
|By: DSWright Monday January 6, 2014 11:07 am|
A look now at what the Citizens United decision and a permissive FEC has wrought. According to a report by the Washington Post a Koch Brothers backed network of fundraising organizations raised an amazing $400 million in 2012. That’s quite a haul and certainly further evidence that moneyed interests believe quite sincerely that politicians are some of the best investments.
|By: Gabriel M. Kuris Saturday September 21, 2013 1:59 pm|
Corruption is a relative crime: a bribe in one country might be a gratuity in another or a lawful act of lobbying in yet another. However, these norms are not set in stone. Public servants and businesspeople adjust to new systems. Citizen expectations change. Democracies evolve. These changes require enforcers like Vincent Green. But they also require whistleblowers and everyday people who refuse to acquiesce to wrongs. Green’s book shows why we should fight for a more transparent and accountable democracy, and many concrete and important steps towards this goal.
|By: lakota Saturday September 14, 2013 8:00 pm|
There are currently 88,000 U.S. troops stationed in Afghanistan. That’s down from the peak troop level of about 100,000 who were stationed there in March of 2011. Troop strength is expected to shrink to 68,000 by the end of September and by the end of 2014, most U.S. troops are expect to be out of the country.
|By: Les Leopold Saturday September 14, 2013 1:59 pm|
Here’s the core of her argument. Because banks create most of our money, they control the very essence of the economy. To regain control of our economic well-being we need public banks that make investments in the public goods, services and jobs that we all need. Public banks can do all that without running up the national debt or raising taxes. Public banks, like private banks, fund investments. But, as Ellen writes:
“The difference is that a publicly-owned bank returns the interest to the government and the community, while a privately-owned bank siphons it into private accounts, progressively drawing money out of the productive economy.”
|By: RJ Eskow Saturday July 13, 2013 1:59 pm|
The word “corruption” does not appear in the title or subtitle of the latest book by John Nichols and Robert W. McChesney, which is called Dollarocracy: How the Money and Media Election Complex is Destroying America. But the word resonates on every page. American democracy has been profoundly corrupted by the – usually legal – infusion of billions of dollars into the political process, and this jeremiad against corruption comes at a critical historical moment.