The U.S. House of Representatives on Friday narrowly passed a $612 billion war spending bill, relying on a back-door slush fund to dodge the austerity cuts that are gutting domestic programs from education to health care. The 2016 National Defense Authorization Act (NDAA) passed 269 to 151, largely along party lines. The roll call can be viewed here. The budget circumvents …
ExxonMobil’s Dangerous Business Strategy – Jeffery D. Sachs
ExxonMobil’s current business strategy is a danger to its shareholders and the world. We were reminded of this once again in a report of the National Petroleum Council’s Arctic Committee, chaired by ExxonMobil CEO Rex Tillerson. The report calls on the US government to proceed with Arctic drilling for oil and gas – without mentioning the consequences for climate change. …
Florida Has a Plan to Eliminate Public Education
This is surreal in almost mind boggling consequences. Pretty soon the only children attending public school will be the poorest of the poor and the teachers will be anyone willing to work for slave wages IMO. http://www.tampabay.com/… Diverting……the name of the game in Florida and it is growing. TALLAHASSEE — Without a word of debate Friday, the Florida House …
TPP Opponents Mobilize as Powerful Forces Seek to Ram Through ‘Fast Track’ Trade Authority
With Congress “dangerously close” to ramming through trade promotion authority, or Fast Track, by mid-April—in turn smoothing the way for passage of corporate-friendly trade deals like the Trans-Pacific Partnership—lawmakers and activists are scrambling to sway key figures in the debate. Senate Majority Leader Mitch McConnell (R-Ky.) reportedly said last week that he wants the Senate Finance Committee to approve a Fast Track …
Central Banks Warn: Investors May Get Crushed When They All Run for the Exits
Companies are selling bonds like madmen. This year through Tuesday, investment-grade and junk-rated companies have sold $438 billion in new bonds, up 14% from the prior record for this time of the year, set in 2013, according to Dealogic. This quarter is already in second place, nudging up against the all-time quarterly record of $455 billion of Q2 2014. About $87 …
Can You Say “Blowback” in Spanish?
They behead people by the hundreds. They heap headless, handless bodies along roadsides as warnings to those who would resist their power. They have penetrated the local, state, and national governments and control entire sections of the country. They provide employment and services to an impoverished public, which distrusts their actual government with its bitter record of corruption, repression, and torture. They seduce young people from several countries, including the United States, into …
Deciphering the Fed’s Actions, “Spoon Feeding the Market”: Whatever they Do, the US Economy is Damned
Wednesday is yet another Fed meeting where we get to hear “policy” from them. So many times in the past, the upcoming meeting has been called “THE” most important meeting ever. This one is being called the same thing. I have mentioned more than a few times in the past six years “what can they really say?” I’ve done this because …
Poor Countries To Need $400bn A Year To Fight Climate Crisis
Poor countries should receive between US$400 billion and US$2 trillion per year from rich countries by 2050 to help them cut greenhouse gas (GHG) emissions and fight climate crisis, finds a new paper published on March 16, 2015 by the Grantham Research Institute on Climate Change and the Environment and the ESRC Centre for Climate Change Economics and Policy at …
BBC Foreknowledge of Collapse of WTC Building 7? Brother of 9/11 Victim goes to Court with the BBC over Alleged Cover Up
On 23rd March Matt Campbell of Sussex, United Kingdom, will go to court against the BBC and will claim that the BBC is in violation of UK anti-terrorist legislation in the way that they have covered up evidence relating to 9/11 and evidence relating to the murder of his brother Geoff. Geoff Campbell was killed while inside the North Tower of …
Obama Lied About Obamacare
Obamacare Increases Insurance-Rate by 87.7%/85.4%, or 2.7% Since 2008 Obamacare Increases Insureds from 85.4% up to 87.7% Candidate Obama’s Promise of “Universal” Meant 100% Obamacare started being available on 1 October 2013 and has now been available for 16 months. When candiate Obama was running for the Presidency, he promised “universal coverage,” which is what exists in virtually all other …