Alternative News MediaClick on the green buttons to see the list of videos.
White House Drops The Hammer
The Obama administration, after days of mounting tension, signaled on Wednesday how angry it is with Israel that Prime Minister Benjamin Netanyahu accepted Republican leaders' invitation to address Congress on Iran without consulting the White House.
The outrage the episode has incited within President Obama's inner circle became clear in unusually sharp criticism by a senior administration official who said that the Israeli ambassador, Ron Dermer, who helped orchestrate the invitation, had repeatedly placed Mr. Netanyahu's political fortunes above the relationship between Israel and the United States. ... Read more
Who Doubts Yellen's Policies? Summers for One
Janet Yellen is betting she has the formula for fending off deflationary forces. Investors and some of her fellow economists aren't so sure.
The Fed chair says history and theory suggest wages will pick up as the job market tightens, and prices will rise in line with the Federal Reserve's 2 percent target. Former Treasury Secretary Lawrence Summers argues policy makers can't count on this, while Richard Clarida of Columbia University in New York says it hasn't happened in the last few economic expansions. ... Read more
Bill Gross Slams Broken Capitalism: "Policymakers Must Promote A Future Which Offers Hope As Opposed To Despair"
... It appears however, that since 2008 the rules of the finance-based economy have been substantially changed. Perhaps Parker Brothers will have to come with a new version of Monopoly which incorporates the modern day methodology of central banks using Quantitative Easing and the outright purchase and occasional guarantee of private securities and public stocks to keep the game going. It's as if Monopoly's bank, which has a limited amount of 1, 5, 10 ... dollar bills in each game box had "virtually" added trillions of dollars more in order to keep players solvent, in the hopes that some of it would trickle out to the real economy. With interest rates near zero and banks and other financial intermediaries sitting on trillions of Dollars, Euros, and Yen, why wouldn't they lend it out to the private economy in hopes that they could obtain a higher return on their money? Sounds commonsensical, doesn't it? Not in reality. ... Read more
All Major US Equity Indices Are In The Red Post-QE3
It appears the Central Bank control is failing...
Iowa Freedom Summit
Senator Ted Cruz (R-TX), Governor Scott Walker (R-WI), Governor Chris Christie (R-NJ), Governor Rick Perry (R-TX), former Governor Mike Huckabee (R-AR), Senator Mike Lee (R-UT), and others spoke at the 2015 Iowa Freedom Summit. The summit took place on January 24 at Hoyt Sherman Place in Des Moines, Iowa.
Iowa Freedom Summit (01/24/15) [9:18:52] (Note: use the Progressbar to scroll between speeches)
Chris Hayes MSNBC | All-InMSNBC Chris Hayes | John Boehner & Netanyahu's favor to Obama / Israel (01/29/15) [13:17]
MSNBC Chris Hayes | The far left rises in Greece / Syriza party, Economy (01/29/15) [7:29]
MSNBC Chris Hayes | Loretta Lynch is unflappable at Senate hearing / Democrats (01/29/15) [6:46]
MSNBC Chris Hayes | Using tax credits to solve college affordability / Taxes, Education (01/29/15) [5:45]
MSNBC Chris Hayes | 'Red State Slam Poetry' / Sarah Palin, Iowa, Republicans (01/29/15) [3:28]
Jon StewartJon Stewart | The Koch brothers bring campaign financing to the next level when they pledge close to $1 billion to Republican causes in the 2016 presidential election. (01/28/15) [8:04]
John OliverHBO | John Oliver: Fifty Shades #NotMyChristian Apology (01/25/15) [4:05]
Democracy Now! U.S. and World News Headlines for Thursday, January 29 [13:11]
DN | Robert Redford on Climate Deniers, Stopping Keystone XL, Keeping Oil in the Ground (01/29/15) [8:03]
60 Minutes*60 Minutes | Falling apart: America's neglected infrastructure: why our roads, bridges, airports and rail are outdated and need to be fixed. (11/23/14) [14:07]
*60 Minutes | Depleting the water: Disturbing new evidence that our planet's groundwater is being pumped out much faster than it can be replenished. (11/16/14) [13:55]
*TRNN | Marine ecologist Douglas McCauley argues that President Obama's move to expand offshore drilling is a part of a worrisome trend threatening the health of the oceans and raising the specter of mass extinction (01/29/15) [9:35]
TRNN | Serhiy Kudelia of Baylor University: Death Toll in Ukraine Over 5000 as the Ceasefire Breaks Down (01/29/15) [11:51]
TYT | War Against ISIS Bill Proposed - Disaster Or The Right Move? (01/28/15) [9:23]
*TYT | Michelle Obama Wears Outrageous Western Outfit At Saudi King's Funeral (01/28/15) [4:50]
*TYT | 'Are You Eric Holder?' | 'What's Up With Polygamy?' - AG Nominee Faces WEIRD Questions (01/28/15) [9:56]
TYT | Sarah Palin Teleprompts Herself Into A Reality War With Fox News (01/28/15) [10:36]
TYT | Howard Dean Puts His Tail Between His Legs Over American Sniper Comments (01/28/15) [5:59]
RT | Keiser report: Open Sources & Open Cesspools (E712) (01/29/15) [25:41]
In the second half, (move Progressbar to 12minutes, i.e. half way) Max interviews big bank whistleblower and bitcoin entrepreneur, Jose Rodriguez, about cryptocurrency in Mexico.Ring of Fire | Breaking News on Billionaire Epstein Child Sex Scandal (01/22/15) [6:23]
Ring of Fire | The Plot Thickens in the Dershowitz-Epstein Story (01/23/15) [9:44]
The Jeffrey Epstein / Alan Dershowitz child sex scandal has mainly fallen through the cracks of mainstream media's attention, but the story has the potential to become the Bill Cosby scandal on steroids. America's Lawyer, Mike Papantonio, discusses the case with Thom Hartmann.
TODAY | Alan Dershowitz Strongly Denies Sex Slave Scandal (01/22/15) [5:38]Thom Hartmann | Why Is DC Suddenly So Wealthy? (01/28/15) [2:59]
FOX | Billionaire sex scandal that could end Hillary Clinton's Presidential hopes (01/07/15) [7:55]
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.
Syria's President Speaks | A Conversation With Bashar al-Assad
The civil war in Syria will soon enter its fifth year, with no end in sight. On January 20, Foreign Affairs managing editor Jonathan Tepperman met with Syrian President Bashar al-Assad in Damascus to discuss the conflict in an exclusive interview.
I would like to start by asking you about the war. It has now been going on for almost four years, and you know the statistics: more than 200,000 people have been killed, a million wounded, and more than three million Syrians have fled the country, according to the UN. Your forces have also suffered heavy casualties. The war cannot go on forever. How do you see the war ending? All wars anywhere in the world have ended with a political solution, because war itself is not the solution; war is one of the instruments of politics. ... Read more
Greek Stocks Crash, Bonds Plummet, Banks Have Worst Day Ever
In the two days after Syriza's dramatic victory in the local Greek election, global investors assumed this loud cry against European policies would mean... more of the same, and as a result not much changed in the risk assessment of Greek assets. Then, overnight, following the previous report that not only does Syriza mean business but it is actively pivoting away from Europe (and toward Russia?), and everyone started paying attention, with a waterfall of selling engulfing not only the Greek stock market but also its bonds, which are crashing in the process sending the 3 Year yield to 16.4%, the highest since the restructuring, and the 10 Year either below or above 10%, depending on which data source is used ...
The Kochs put a price on 2016: $889 million
The Koch brothers' operation intends to spend $889 million in the run-up to the 2016 elections -- a historic sum that in many ways would mark Charles and David Koch and their fellow conservative megadonors as more powerful than the official Republican Party. ...
The Netanyahu Disaster
Benjamin Netanyahu believes he has just one job, and that is to stop Iran from getting hold of nuclear weapons. He might argue that this description of his mission as Israel's prime minister is too limiting, though such an argument would not be particularly credible. Israel's very existence, he has argued, consistently, and at times convincingly, is predicated on stopping Iran, a country ruled by a regime that seeks both Israel's annihilation and the means to carry it out.
Netanyahu's options are limited. A country possessing scientific knowledge, material resources, and the will to cross the nuclear threshold is very difficult to stop. One way for Netanyahu to stop Iran, or to slow down its progress toward a bomb, would be to launch a preventative attack on its nuclear facilities. He has threatened to do so (credibly, according to officials of the Obama administration) but he has not yet done it, perhaps because American warnings against such a strike have been dire; perhaps because he understands that such an attack might not work; or perhaps because he is by nature cautious, despite his rhetoric. ... Read more
Trans Pacific Partnership - TPPWikiLeaks Leaks Controversial Secret Trans-Pacific Partnership [4:54]
What is the Transatlantic Trade Investment Partnership? [4:08]
"A Corporate Trojan Horse": Obama Pushes Secretive TPP Trade Pact, Would Rewrite Swath of U.S. Laws [12:20]
Democracy Now! U.S. and World News Headlines for Wednesday, January 28 [8:57]
DN | "The Hunting Ground": Film Exposes How Colleges Cover Up Sexual Assault and Fail to Protect Students (01/28/15) [14:06]
*DN | Protesters Interrupt U.S. Trade Rep at TPP Hearing (01/28/15) [2:01]
DN | As 18 Die on Anniversary of Revolution, Egypt Intensifies Crackdown on Activists, Journalists (01/28/15) [10:58]
60 Minutes*60 Minutes | House Speaker John Boehner and Senate Majority Leader Mitch McConnell sit down for their first joint interview since the new Republican majority Congress convened. (01/25/15) [13:37]
60 Minutes | An interview with the chief of the embattled Cleveland PD and some of its officers for a story on the hot-button issue of policing in America. (01/25/15) [14:09]
PBS Frontline*PBS Frontline | Putin's Way (01/13/15) [54:10]
PBS Frontline | Gunned Down: the politics and power of the NRA. (01/06/15) [54:10]
TRNN | Dimitri Lascaris: New Greek Prime Minister Alexis Tsipras Sworn In to Office (01/28/15) [12:29]
*TRNN | Leo Panitch says: Marxist Economists, Academics and Philosophers Sworn In to the Greek Cabinet (01/28/15) [13:00]
Auschwitz 70th Anniversary: Survivors who were 'freed but never free' (01/27/15) [3:59]
*TYT | Koch Bros To Spend Nearly A Billion Buying The 2016 Elections (01/27/15) [9:03]
*TYT | Billionaire Teets Sucked By Power-Thirsty Media At Lavish Weekend Retreat (01/27/15) [13:48]
*TYT | Gay Alabama Rep. Threatens To Expose Hypocritical Cheating Colleagues (01/27/15) [7:16]
TYT | Leftist Masterminds Behind East Coast Blizzard Says Rightist Mastermind (01/27/15) [10:08]
RT | Keiser report: If It Bleeds, It Leads (E711) (01/27/15) [25:40]
RingOfFire | Don't Let Corporate America Steal Your Pension (01/27/15) [10:38]
Fewer and fewer US citizens are able to retire with dignity today, and instead find themselves having to work menial jobs just to be able to stay alive. And if Wall Street gets its way, the situation for America's seniors is about to become much, much worse. David TeSelle talk about the latest Wall Street scheme to steal your pension money.Thom Hartmann | What Happens When The Kochs Hold Their Own Primaries? (01/27/15) [9:14]
Jon StewertJon Stewart | Cable TV's Freakout Over the Snowpocalypse That Wasn't (01/27/15) [10:34]
East Coast Snow Storm Shuts Down New York City, Snarls Travel Plans
A storm packing blizzard conditions spun up the East Coast early Tuesday, pounding coastal eastern Long Island into Maine with high winds and heavy snow, but it failed to live up to the hype in big cities like Philadelphia and New York, which canceled its travel ban amid better-than-expected weather conditions.
Massachusetts was pounded by snow and lashed by strong winds early Tuesday as bands of heavy snow left some towns including Sandwich on Cape Cod and Oxford in central Massachusetts reporting more than 18 inches of snow. Total accumulation was expected to reach or exceed two feet in most of Massachusetts, potentially making it one of the top snowstorms of all time. ...
The richest 80 people on Earth are now as wealthy as the world's 3.5 billion poorest people (1/2 the world's population).
Greece's New FinMin Explains "This Is What Happens When You Humiliate A Nation & Give It No Hope"
"This is not blackmail," explains new Greek Finance Minister Yanis Varoufakis, "we simply want to end this seemingly never-ending Greek Crisis." In what must be worryingly calm and simple to comprehend words for Brussels, Varoufakis tells CNBC's Michelle Caruso-Cabrera, "this is what happens when you humilate a nation and don't give it any hope." Carefully noting that membership in the Euro is not imperative, Varoufakis concludes "bankruptcy cannot be dealt with by borrowing more," asking rhetorically, "how can I look the German and Finnish taxpayer in the eye and tell them you know I can't really pay you the money I have already borrowed from you..." but lend me more so I can pay back the ECB? ... Read more
Greece At The Crossroads: The Oligarchs Blew It
A great many narratives invoking Greece are being tossed around, but only one really encapsulates the unvarnished truth: the Oligarchs blew it. The oligarchs in both Greece and the European Union/ECB had the opportunity a few years ago to trade some of their outsized wealth and political power for stability and sustainable expansion.
Instead, they chose to not just cling to every shred of their outsized wealth and power but to actively increase it. Their greed and hubris has now put their entire system of parasitic wealth extraction at risk of collapse. Their political stranglehold on power has been weakened, and there's no going back: they blew it, and now it's too late. The debt-serfs have finally had enough. ... Read more
In the run-up to the 2016 elections, the Koch brothers plan for their political network to spend $889 million. Politico's Kenneth Vogel calls it "a historic sum that in many ways would mark Charles and David Koch and their fellow conservative megadonors as more powerful than the official Republican Party."
Democracy Now! U.S. and World News Headlines for Tuesday, January 27 [14:42]
DN | Selma Director Ava DuVernay on Hollywood's Lack of Diversity, Oscar Snub and #OscarsSoWhite Hashtag (01/27/15) [8:26],
Part 2 [3:40],
Part 3 [12:02]
*DN | On 5th Anniversary of Citizens United, GOP Taps Koch Brothers-Backed Senator to Give SOTU Response (recent) [7:45]
*TRNN | Toby Jones says King Abdullah of Saudi Arabia built an oppressive regime that violated human rights and cozied up to terrorism (01/27/15) [7:25]
TRNN | Investigative journalist Marcy Wheeler says Sterling faces decades in prison for leaking details of a botched CIA operation against Iran's nuclear program (01/27/15) [10:20]
*TYT | Rich Got Richer Under Obama & The GOP Won't Let You Forget It (01/26/15) [7:56]
*TYT | Sarah Palin Out-Palins Herself In Weird, Wild, 'Tragic' Speech (01/26/15) [10:03]
*TYT | American Sniper Chris Kyle Was Full Of Lies, Just Like The Movie (01/26/15) [14:17]
Stories about ChrisKyle don't add upTYT | Snipers Like Chris Kyle Saved The Planet Says Raging Fox Host (01/26/15) [3:12]
CNN | Chris Kyle's Stories Do Not Add Up (01/24/15) [3:21]
MaxTV | Navy Seal Chris Kyle: Most American's Don't Understand War (03/27/12) [5:22]
FOX | Kelly File: Taya Kyle Reacts to the Film 'American Sniper' (01/12/15) [5:56]
FOX | Bill O'Reilly vs ''American Sniper''(01/06/12) [5:45]
Altercation with Jesse Ventura
Jesse Ventura wins $1.8 million in defamation suit (07/29/14) [8:29]
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.
Brace Yourselves 2 to 3 Feet
Officials cautioned Northeast residents to not be misled by a relatively smooth Monday morning commute, and pressed their cautions to prepare for a "crippling and potentially historic" storm that could bury communities from northern New Jersey to southern Maine in up to 2 feet of snow starting later in the day.
The National Weather Service said the nor'easter would bring heavy snow, powerful winds and widespread coastal flooding through Tuesday. A blizzard warning was issued for a 250-mile stretch of the Northeast, including New York and Boston. ...
Read more and here
How Is 'Citizens United' Ruining Democracy and How Can We Stop It?
The Supreme Court's 2010 Citizens United v. FEC decision changed our political landscape, allowing outside spending groups (and their often undisclosed donors) more influence than ever before. How bad is it?
Which Cut of Meat Is Least Likely to Make You Sick?
Every time you eat, you're rolling the germ dice. According to the Centers for Disease Control and Prevention, 1 in 6 Americans contracts a foodborne illness annually; 128,000 are hospitalized, and 3,000 die. Pathogens from meat kill more people than those from any other food group. A CDC study found that between 1998 and 2008, contaminated meat was responsible for 29 percent of all deaths from foodborne illness (23 percent of deaths were from produce, 15 percent from dairy and eggs, and 6.4 percent from fish and shellfish).
Most carnivores don't let the risk of sickness stop them from eating meat--and a lot of it. The average American eats nearly 271 pounds of meat a year. ... Read more
60 Minutes - Syria and ISIS*60 Minutes | Inside Syria Homs: video from inside the besieged city of Homs offer a rare and disturbing window into the cruel realities of the Syrian civil war. (12/13/14) [13:27]
60 Minutes | War and hunger in Syria: The men and women of the World Food Programme who are risking their lives to save Syrians from starvation. (11/30/14) [13:51]
60 Minutes | Campaigning for ISIS in the West: Islamic radicals in London about accusations they recruit British citizens for battlefields in Syria and Iraq. (11/02/14) [14:01]
Democracy Now! U.S. and World News Headlines for Monday, January 26 [13:50]
DN | Anti-Austerity Syriza Party Sweeps to Power in Greece (01/26/15) [2:36]
DN | Black Lives Matter: New Film on Jordan Davis Captures Family's Struggle to Convict White Vigilante (01/26/15) [3:21]
PBS Frontline*PBS Frontline | The Rise of ISIS: Correspondent Martin Smith, who made "Truth, War & Consequences," "Beyond Baghdad," "Private Warriors" and "Gangs of Iraq, investigates the miscalculations and mistakes behind the brutal rise of ISIS. (10/28/14) [53:41] PBS Frontline | Firestone and the Warlord: based on the inside accounts of Americans who ran the company's Liberia rubber plantation. (11/18/14) [1:23:40]
*TRNN | American Sniper: Honoring a Fallen Hero or Whitewashing a Murderous Occupation? (01/26/15) [12:58]
Journalist Max Blumenthal says the film American Sniper promotes lies falsehoods about Navy SEAL Chris Kyle along with the US invasion and occupation of Iraq.*TRNN | McCain Calls 'Cold Warriors' to School Senate on National Security (01/26/15) [7:25]
*TRNN | John Boehner, & GOP Leadership's Invitation to Netanyahu a Provocation Aimed at War with Iran (01/26/15) [11:35]
Madawi al-Rasheed: Saudi Arabia and the al-Qaeda Monster (recent) [10:53]
TYT | Should We Tape The Supreme Court? (01/25/15) [4:34]
TYT | Mitt Romney Vs. Jeb Bush. Who Will Be On The Republican Ticket In 2016? (01/25/15) [8:12]
TYT | Justice For Sale? Supreme Court Ruling Coming Soon (01/25/15) [5:45]
TYT | NY Times: The Sky Is Blue, And Torture Didn't Work (01/25/15) [2:44]
*RT | CrossTalk: Wealth Abyss (01/26/15) [24:29]
I have always been amazed that the modern Middle East history is only about 80 years old! Please take a moment and read some of the history below. I tried to be short and concise, but there are a lot of references back to Wikipedia.
New Saudi King Salman Names Heirs And Promises Stability
King Salman bin Abdul-Aziz Al Saud's actions came as the Sunni-ruled kingdom mourned King Abdullah, who died early Friday at the age of 90 after nearly two decades in power.
A royal decree affirmed Crown Prince Muqrin as his immediate successor. After Muqrin, Salman named Interior Minister Prince Mohammed bin Nayef as deputy crown prince, making him second-in-line to the throne. Mohammed is the first grandson of Saudi Arabia's founder, King Abdul-Aziz Al Saud, to be named as a future heir. ... Read more
[Hillary] Clinton plans to astound, intimidate with fundraising 'like nothing you've seen'
Major donors are ready to announce huge financial commitments to Hillary Clinton as soon as she announces a second run for the White House, according to Clinton allies and Democratic fundraisers.
The Clinton team wants to build excitement about her campaign launch, which is expected in March or April. The money blitz would be a show of Clinton's strength meant to scare away potential primary rivals.
"The floodgates are going to open immediately, and there's going to be a rush to get on the team," said Don Peebles, the real estate mogul who served on President Obama's national finance committee. "There's nobody in the Democratic Party who can match her. Not even close." ... Read more
Read All of FP's Davos 2015 Coverage
Davos Wants You to Know It Really, Really Cares About Inequality
Davos: Home of the $43 hotdog (01/23/15) [1:47]
30 Hours After Unleashing ECB QE, Coeure Suggests QE2
With US equities down 0.5% this morning and European inflation expectations having given back all their ECB QE gains, it was only a matter of time before some half-witted central-planner felt the need to speak... ... Read more
Jeb Bush's Reverse Midas Touch
Eight years ago, Bush -- best known by the acronym "Jeb" -- departed from Florida's governor's mansion determined to boost his $1,288,000 net worth in the private sector. Since, he has made millions in corporate board fees, speaking gigs, and consulting payments -- but, much like his tenure before getting into public life, has done so with a series of companies that have found their way into legal or financial quagmires.
Jeb Bush has often been portrayed as a "successful businessman," but ThinkProgress reviewed Bush's current and past business record and found a great deal of controversy and struggle. ... Read more
Saudi Arabia foreign policy: 'Enacted not by Abdullah, but by oligarch consensus'
Wahhabi extremism is a direct outcome of the foreign policy that the oligarch consensus in Saudi Arabia has pursued for decades, thus there won't be any substantive policy changes, geopolitical analyst Eric Draitser, told RT.
There are a number of things we should consider. I think the most obvious is the five hundred pound gorilla in the room, the exporting of Wahhabi extremism, the continued export from Saudi Arabia of precisely the kind of extremism that has been fought in Syria that has been fought in Iraq and all throughout the region. This specter, this global threat of Wahhabi extremism emanating from Saudi Arabia a direct outgrowth of the foreign policy that Saudi Arabia has pursued going on for decades. And it's certainly not all at the feet of one individual, but rather I think it could be described more specifically as an oligarchy, a familiar oligarchy, but an oligarchy nonetheless. And I think that is probably the principle reason why the report there is correct in saying that there won't be substantive policy changes because those policies were not simply enacted by Abdullah; those are enacted by an oligarch consensus in Saudi Arabia. ... Read more
Democracy Now! U.S. and World News Headlines for Friday, January 23 [6:15]
*DN | Remembering Saudi's King Abdullah: "He Was Not a Benevolent Dictator, He Was a Dictator" (01/23/15) [10:28]
*DN | Hailed as U.S. Counterterrorism Model in Middle East, Yemen Teeters on the Brink of Collapse (01/23/15) [10:27]
DN | In Victory for Gov't Whistleblowers, Supreme Court Sides with Fired TSA Air Marshal Who Spoke Out (01/23/15) [13:15]
DN | Barrett Brown Sentenced to 5 Years in Prison After Reporting on Hacked Private Intelligence Firms (01/23/15) [8:58]
Jon Stewart*Jon Stewart | " Jon Stewart took on the "Monsters of Money" -- the business and financial leaders who flew to the World Economic Forum in Davos, Switzerland, in a fleet of 1,700 private jets to discuss topics such as climate change. (01/23/15) [8:14]
*TRNN | Madawi al-Rasheed: US wants to contain and manipulate Arab uprisings while the Saudis want to crush them, Part 1 (01/23/15) [16:31]
Madawi al-Rasheed: What are the Saudis Afraid Of? Part 2 [14:45]Prof. Robert Pollin of Political Economy Research Institute (PERI) and Prof. Chris Williams of Pace University say: How Obama Can Reduce Carbon Emissions Without Congress (01/23/15) [16:37]
Madawi al-Rasheed: Saudi Arabia and the al-Qaeda Monster Part 3 [10:53]
Madawi al-Rasheed: Why do the Saudis Want the US to Attack Iran? Part 4 [12:47]
Madawi al-Rasheed: The Multiple Kingdoms of Saudi Arabia Part 5 [16:37]
TYT | Bill O'Reilly Clueless On Minimum Wage Issue (01/22/15) [10:08]
*TYT | 98 Senators Finally Admit Climate Change Is Not A "Hoax" (01/22/15) [7:07]
TYT | Joni Ernst's Family Received Hundreds Of Thousands In Government Aid (01/22/15) [5:11]
TYT | Cenk Uygur Reacts To Obama's 2015 State of the Union Address (01/22/15) [4:27]
RT | CrossTalk: Greece Electoral Farce? (01/23/15) [24:33]
Ring of Fire | Papantonio: Another Corrupt Bush Seeking White House? (12/16/14) [10:19]
Ring of Fire | GOP In Trouble In 2016 (01/22/15) [15:45]
Ring of Fire | Jeb Bush: The Worst Republican Traits In One Package (12/16/14) [3:08]
Jon Stewart (again)Jon Stewart | Actress Jennifer Aniston discusses what motivated her to depart from her well-known comedic roles for a more serious turn in "Cake." (01/23/15) [7:12]
Draghi Is Pushing Boundaries of Euro Region with QE Program
Mario Draghi is about to bring Europe's integration project across the Rubicon.
At about 2:30 p.m. in Frankfurt, the European Central Bank president will probably commit to a quantitative-easing program that may exceed 1 trillion euros ($1.2 trillion). While the move comes much later than that of the Federal Reserve, which ended its own QE three months ago, the ECB's arrival at this point still marks a critical juncture in the history of the currency and the European unity it embodies. ... Read more
As European Central Bank Is Set to Unleash a Massive Round of Quantitative Easing, Central Bank Heads Admit QE Doesn't Work
The former head of the Bank of England -- Mervyn King -- said yesterday that more QE will not help the economy: "We have had the biggest monetary stimulus that the world must have ever seen, and we still have not solved the problem of weak demand. The idea that monetary stimulus after six years … is the answer doesn't seem (right) to me." William White -- the brilliant economist who called the 2008 crisis well ahead of time, who is head of the OECD's Review Committee and was former chief economist for BIS (the central banks' central bank) slammed QE: "QE is not going to help at all. Europe has far greater reliance than the US on small and medium-sized companies (SMEs) and they get their money from banks, not from the bond market." Read more
'American Sniper' Is Almost Too Dumb to Criticize
I saw American Sniper last night, and hated it slightly less than I expected to. Like most Clint Eastwood movies -- and I like Clint Eastwood movies for the most part -- it's a simple, well-lit little fairy tale with the nutritional value of a fortune cookie that serves up a neatly-arranged helping of cheers and tears for target audiences, and panics at the thought of embracing more than one or two ideas at any time.
I usually like Matt Taibbi's articles so I was surprise that this reviews tone didn't match other reviews that I've read. I haven't seen the movie, and probably won't ontil it reaches Netfilix, so I can't comment. But if nothing else I hope the movie makes people see the senselessness of preemptive war.Read more
The Beginning of the End of the $100 TRILLION Bond Bubble
The big story in the world is the bond bubble. For over 30 years, sovereign nations, particularly in the West have been buying votes by offering social payments in the form of welfare, Medicare, social security, and the like. Read more
Mitt Romney Has a Koch Problem
This weekend, a select group of Republican presidential hopefuls will arrive in southern California to attend one of Charles and David Koch's biannual donor retreats, a coveted invite for GOP politicians seeking the backing of the billionaire brothers and their elite club of conservative and libertarian mega-donors. Featured guests at the conclave will include Sens. Marco Rubio (R-Fla.), Rand Paul (R-Ky.), and Ted Cruz (R-Texas) and Wisconsin Gov. Scott Walker. Former Florida Gov. Jeb Bush was also invited to the confab but is unlikely to attend. ... Notably absent from the guest list for the Koch winter seminar: Mitt Romney. ... Read more
We're Destroying the Planet in Ways That Are Even Worse Than Global Warming
Two major new studies by an international team of researchers have pinpointed the key factors that ensure a livable planet for humans, with stark results.
Of nine worldwide processes that underpin life on Earth, four have exceeded "safe" levels: human-driven climate change, loss of biosphere integrity, land system change, and the high level of phosphorus and nitrogen flowing into the oceans due to fertilizer use. ...
... Since 1950, urban populations have increased sevenfold, primary energy use has soared by a factor of five, while the amount of fertilizer used is now eight times higher. The amount of nitrogen entering the oceans has quadrupled. All of these changes are shifting Earth into a "new state" that is becoming less hospitable to human life, researchers said. ...
Democracy Now! U.S. and World News Headlines for Thursday, January 22 [7:23]
TRNN | Prof. Robert Pollin of Political Economy Research Institute (PERI) & Prof. Chris Williams of Pace University: Climate Change Crisis Buried in the State of the Union (01/22/15) [12:16]
TRNN | Author and activist David Bacon says: Does Obama's Support of TPP Contradict His Immigration Policy? (01/22/15) [5:53]
TRNN | Kevin Alexander Gray joins Paul Jay to discuss the President's lack of interest in the desperate conditions faced by most (01/22/15) [11:32]
TYT | What Obama Should've Said In The SOTU Address (01/21/15) [9:30]
TYT | GOP Reacts To Obama's 2015 State of the Union Address (01/21/15) [8:41]
TYT | Fox Reacts To Obama's Free Community College Plan (01/21/15) [7:27]
TYT | Obama Jabs Republicans In 2015 State of the Union Address (01/21/15) [5:05]
RT | CrossTalk: Kiev Offensive (01/21/15) [24:13]
RT | Undeground: (E164) Going Underground: Inequality at Davos 2015, Peace One Day, & Trident protests (01/21/15) [28:06]
Thom Hartmann | Joni Ernst's (GOP Rebuttle to SOTU) Bread Bag Politics (01/21/15) [4:32]
Jon StewartJon Stewart | President Obama delivers his 2015 State of the Union address to a lackluster crowd dominated by a new Republican-controlled Congress. (01/21/15) [7:53]
Jon Stewart | "God, Guns, Grits, and Gravy" author Mike Huckabee compares Ted Nugent and Beyonce Knowles and their relative impacts on American culture. (01/19/15) [7:16]
Ben&Jerry | Global Warming. Climate Change. Climate Justice. What does it all mean? (09/21/14) [2:04]
Ben & Jerry's website
Ben&Jerry | Get Money Out of Politics () [2:14]
Fact-Checking Obama's State Of The Union Speech
Interesting read. I'm always for keeping politicians honest. They should also do this to the GOP rebuttal speech... it made my skin crawl.Read more
Why 2015 Is a Make-or-Break Year for the Global Economy
As 2015 begins, policymakers around the world are faced with three fundamental choices: to strive for economic growth or accept stagnation; to work to improve stability or risk succumbing to fragility; and to cooperate or go it alone. The stakes could not be higher; 2015 promises to be a make-or-break year for the global community. ... Read more
97% of Fracking Now Operating at a Loss at Current Oil Prices
How Do You Unmanipulate A Manipulated Economy?
Breaking the stranglehold of vested interests is the essential step to rebuilding an economy that isn't totally dependent on manipulated money and statistics. ...
Good article. A little hard to read because of the twists and turns. We have so many Financial Con Artists and the Climate Change Deniers... will we ever get out of this mess?Read more
Swiss Franc 'Nuclear Explosion' Spreading, Credit Suisse, Saxo Hurt
... The full force of the decision won't be known for months and is "closer to a nuclear explosion than a 1,000-kilogram conventional bomb," Javier Paz, senior analyst in wealth management at Aite Group, said in an e-mail Tuesday. "The aftermath is like a black hole that can suck massive amounts of credit from currency trading as we have known it."
Citigroup Inc. (C), Deutsche Bank AG and Barclays Plc (BARC) suffered about $400 million in cumulative trading losses, people familiar with developments said last week. At Morgan Stanley (MS), owner of the world's largest brokerage, Chief Financial Officer Ruth Porat said the effect was minimal. ... Read more
The Next SNB? Goldman Warns Bank Of Japan "At Risk Of Losing Credibility"
"...with the large downward revision to its core CPI outlook, the bank is more or less acknowledging a much lower possibility of achieving the 2% price stability target by around FY2015. Yet, at the press conference following the MPM, Governor Kuroda said he still held the view that 2% could be achieved by around FY2015. Domestic investors have been skeptical of the BOJ's target from the outset, and now foreign investors are also beginning to question the BOJ's logic and communication with the market. We believe the mixed signals the BOJ is sending may well serve to further undermine confidence in the bank." - Goldman ... Read more
I Helped Start the Religious Right: Here's How We Tried to Undermine Secular America -- and Build a Theocracy
As someone who participated in the rise of the religious right in the 1970s and 1980s, I can tell you that you can't understand the modern Republican Party and its hatred of government unless you understand the evangelical home-school movement. Nor can the Democrats hope to defeat the GOP in 2016 unless they grasp what I'll be explaining here: religious war carried on by other means.
The Christian home-school movement drove the Evangelical school movement to the ever-harsher world-rejecting far right. The movement saw itself as separating from evil "secular" America. Therein lies the heart of the Tea Party, GOP and religious right's paranoid view of the rest of us. And since my late father and evangelist Francis Schaeffer and I were instrumental in starting the religious right -- I have since left the movement and recently wrote a book titled "Why I Am an Atheist who Believes in God: How to Give Love, Create Beauty and Find Peace" -- believe me when I tell you that the evangelical schools and home school movement were, by design, founded to undermine a secular and free vision of America and replace it by stealth with a form of theocracy. ... Read more
Seniors and Vertical Farming, Together at Last
Much of the dialogue surrounding the future of agriculture laments farming's aging demographic. But SPARK, a global architectural firm, has proposed a "living and farming typology" that marries innovative growing initiatives with the over-55 set. ... Read more
Democracy Now! U.S. and World News Headlines for Wednesday, January 21 [7:32]
*DN | Phyllis Bennis: As Obama Hails "Turning Page" on Wars, U.S. Drone Strikes Continue Across Globe (01/21/15) [6:23]
*DN | Rep. Keith Ellison on Obama's Push to Sign TPP & Seek Authority to Expand War in Iraq & Syria (01/21/15) [13:04]
*DN | Ralph Nader on What was Missing in President Obama's State of the Union Address (01/21/15) [6:30]
*DN | David Cay Johnston: Class War Is Being Waged by the Rich Against the Poor (01/21/15) [13:45]
*DN | On 5th Anniversary of Citizens United, GOP Taps Koch Brothers-Backed Senator to Give SOTU Response (01/21/15) [7:45]
President Obama's 2015 State of the Union*GOV | President Obama's 2015 State of the Union Address (01/20/15) [1:01:31]
*PBS | Joni Ernst deliver the Republican response to the 2015 State of the Union address (01/20/15) [9:32]
2014 State of the Union Best Boehner Reactions (01/20/15) [0:52]
*TRNN | Bill Black and James Henry join Paul Jay to discuss President Obama's State of the Union (01/21/15) [20:19]
TRNN | Dr. Finkelstein says the BDS movement must take a position on Israel's right to exist as a state, Part 8 (01/21/15) [17:09]
*TYT | 2015 State of the Union Address, TYT Comments (01/20/15) [11:25]
*TYT | Joni Ernst's Republican Response To 2015 State Of The Union Address - TYT's Comments (01/20/15) [4:59]
TYT | Fox News Apologizes For No-Go Zone "Error" (01/20/15) [13:02]
TYT | Yemen Devolves Into Chaos. Rebels Attack Presidential Palace (01/20/15) [4:37]
TYT | Are Snipers Cowards? Michael Moore Tweets Ignite Controversy (01/20/15) [16:11] TYT | Fox News Apologizes For No-Go Zone "Error" (01/20/15) [13:02]
Jon StewartJon Stewart | Jon Stewart Shocked By Fox News Apology Over Muslim 'No-Go Zones' In Europe (01/21/15) [7:37]
The US Military's Stunning Conspiracy Theory Emerges From The Archives: "ISIS Leader Does Not Exist"
Having noted that voter angst has been riled, propagandized, and fear-mongered to the point at which the most pressing priority for Congress is to 'fix' terrorism, it is perhaps not entirely surprising that we discover - deep down in the archives - that giving the public someone to 'hate' as opposed to something may have been an entire fiction. As The New York Times exposed in 2007 (see article below), Abdullah Rashid al-Baghdadi, the titular head of the Islamic State, according to Brigadier General Kevin Bergner - the chief American military spokesman at the time - never existed (and was actually a fictional character whose audio-taped declarations were provided by an elderly actor named Abu Adullah al-Naima). So he was a ghost back then.... is he a ghost again, designed purely to put a face on ISIS and the biggest bogeyman of the current global anti-terrorist mania? ... Read more
Leader of Al Qaeda group in Iraq was fictional, U.S. military says
For more than a year, the leader of one the most notorious insurgent groups in Iraq was said to be a mysterious Iraqi named Abdullah Rashid al-Baghdadi.Read more
As the titular head of the Islamic State in Iraq, an organization publicly backed by Al Qaeda, Baghdadi issued a steady stream of incendiary pronouncements. Despite claims by Iraqi officials that he had been killed in May, Baghdadi appeared to have persevered unscathed.
On Wednesday, a senior American military spokesman provided a new explanation for Baghdadi's ability to escape attack: He never existed.
Brigadier General Kevin Bergner, the chief American military spokesman, said the elusive Baghdadi was actually a fictional character whose audio-taped declarations were provided by an elderly actor named Abu Adullah al-Naima.
Another Former Central Banker Finally Gets It: "The Idea That Monetary Stimulus Is The Answer Doesn't Seem Right"
What is it about central bankers who wait to tell the truth only after they have quit their post. First it was the maestro himself, the Fed's Alan Greenspan (most recently in "Greenspan's Stunning Admission: "Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It"), and now it is the Bank of England's former head, Mervyn King, who yesterday told an audience at the LSE that "more monetary stimulus will not help the world economy return to strong growth." That this is happening just as we learn that in one year the world's 1% will collectively own more wealth than the rest of the world combined, and two days before Goldman's Mario Draghi unleashed up to €1 trillion (if not unlimited) in QE, is hardly as surprise, and will be surely ignored by everyone until the inevitable outcome of another "French revolution" finally arrives. ...
In his first public speech in England since his term at the BoE ended in June 2013, Mr King said he was concerned about a persistent weakness in global economic demand, six years on from the depths of the financial crisis.
"We should worry about that," Mr King told an audience at the London School of Economics, where he was once a professor.
"We have had the biggest monetary stimulus that the world must have ever seen, and we still have not solved the problem of weak demand. The idea that monetary stimulus after six years ... is the answer doesn't seem (right) to me," he added.
Unlike the US Federal Reserve and the Bank of England, the European Central Bank has until now resisted trying to boost the economy by buying government bonds with newly created money, known as quantitative easing (QE).
"There are quite serious disequilibria both between and within economies that, for good economic reasons, are depressing demand. Simply lowering rates even further or adding more monetary stimulus is unlikely to solve that problem," he said.
Which is not only ironic but hypocritical because under King, the BoE bought £375bn of government bonds between 2009 and 2011. Mr King said this was right just after the crisis, but that using loose monetary policy to bring forward spending was not a long-term strategy.
Actually, wrong: since the entire global economy has been hijacked by the same people (bankers) who would be sleeping under bridges had they not received a multi-trillion bailout in 2008, and since the global financial system now exists only to serve them, and to raise them from billionaire to trillionaire status, QE is precisely that: a long-term strategy, one which will ultimately pillage all the wealth of the middle class and hand it on a golden platter in some non-extradition country to the 0.001%.
Well, long-term at least until the 99% realize they have been subject to the most epic, historic robbery in the history of the world. Of course, by the time what was formerly the world's middle class realizes what happened, there will be nothing left. Original article
The richest 80 people on Earth are now as wealthy as the world's 3.5 billion poorest people.
If you find it hard to grasp just how unequal the global economy is, here's one stat that should put it all in perspective: The richest 80 people on Earth are now as wealthy as the world's 3.5 billion poorest people. In other words, 80 people control as much wealth as half the population of the planet.
That's one of the most shocking findings from a report released Monday by Oxfam, an international charity dedicated to finding solutions to global poverty. The report's overall point is that global inequality is soaring to amazingly high levels as the world's richest just keep getting richer. ... Read moreClick picture to zoom in
Democracy Now! U.S. and World News Headlines for Tuesday, January 20 [12:16]
*DN | A Coup in Yemen? Jeremy Scahill & Iona Craig on Rebel Offensive to Seize Power, Saudi Role & AQAP (01/20/15) [15:13]
*DN | As Fox News Apologizes, Jeremy Scahill on Fake "Terror Experts" & Challenges of Real War Reporting (01/20/15) [12:27]
DN | Prosecuting Guatemala's Dirty War: Rigoberta Menchú Hails Embassy Fire Verdict, Dictator's Trial (01/20/15) [14:23]
*TRNN | Prof. Leo Panitch: The SYRIZA Challenge in Greece, Part 1 (01/20/15) [8:58], Part 2 [10:01]
TRNN | CEPR's Nicole Woo says a phase-out of the tax cap could eliminate up to 80% of the projected shortfall in social security funding (01/20/15) [8:13]
TYT | Justice Fights Back Against Civil Asset Forfeiture Corruption (01/19/15) [6:12]
TYT | Photos Of ISIS Executions Released (01/19/15) [4:55]
TYT | "Go Home & Take Obama With You," Protestors Waved At Muslim Group At Texas Conference (01/19/15) [3:02]
*Thom Hartmann | Roll back Reaganomics, Bring Back the Middle Class ... (01/15/15) [6:20]
*Brunch with Bernie (01/16/15) [44:53]
Ring of Fire full (01/18/14) [56:00]
RT | Keiser report: Mexico - Land of Opportunity (E708) (01/20/15) [25:00]
PBSPBS | Inside Obama's middle class tax plan (01/18/15) [3:44]
PBS | PBS NewsHour full (01/19/15) [53:42]
Richest 1 Percent To Own More Than Half Of The World's Wealth By 2016, Oxfam Finds
The rich keep getting richer, and by next year, just a handful of the upper-class will have accumulated more than half of the world's wealth. A new report released on Monday by Oxfam warns that this deepening global inequality is unlike anything seen in recent years.
Using research from Credit Suisse and Forbes' annual billionaires list, the anti-poverty charity was able to determine that the richest 1 percent of the world's population currently controls 48 percent of the world's total wealth.
Drill down the numbers even more and you'll learn that the 80 wealthiest people in the world possess $1.9 trillion, which is almost the same amount shared by some 3.5 billion people at the bottom half of the world's income scale. Thirty-five of the lucky 80 were Americans with a combined wealth of $941 billion. Germany and Russia shared second place, with seven uber-rich individuals apiece. ... Read more
Stat of the day: 51 percent -- the share of American K-12 students who lived in low-income households in 2013, according to an analysis of federal data. It's the first time in at least 50 years that the figure has exceeded 50 percent.
Republicans and Wall Street Say to Hell With Protecting the Public!
Since December, Congress has twice passed measures to weaken regulations in the Dodd-Frank financial law that are intended to reduce the risk of another financial meltdown.
In the last election cycle, Wall Street banks and financial interests spent over $1.2 billion on lobbying and campaign contributions, according to Americans for Financial Reform. Their spending strategy appears to be working. Just this week, the House passed further legislation that would delay by two years some key provisions of Dodd-Frank. "[Banks] want to be able to do things their way, and that's very dangerous." MIT economist Simon Johnson tells Bill.
"'Here we go again' -- I think that's exactly the motto, or the bumper sticker for this Congress. It's crazy, it's unconscionable, but that is the reality."... Read more
Obama To Propose Tax Hikes On Wealthy, Breaks For Middle Class
During his State of the Union address on Tuesday, President Barack Obama will lay out a plan to extend tax credits to the middle class by hiking taxes on wealthier Americans and big banks, according to senior administration officials.
Under the plan, the capital gains tax for couples with income over $500,000 per year would be raised from its current level of 23.8 percent up to 28. The plan would also strip a tax break, known as a "step-up," that allows heirs to avoid capital gains taxes on large inheritances.
In addition, the plan would institute a new tax on the biggest financial institutions, basing the fee on liabilities in order to discourage risky borrowing. The administration says the fee would hit the roughly 100 banks that have assets of $50 billion or more. ... Read more
Franc-ly Speaking: What If It Were All A Set Up?
... I make that point because when I first thought about the Swiss National Bank's (SNB) declaration to rescind its commitment to the Euro peg, I wondered why when just mere days before they assured their commitment to it.
A decision of this scale and magnitude with all its disruption directly thrust upon its own business infrastructure (i.e. The immediate throwing of profits into the waste-heap via a new exchange rate.) there had to be a reason far more onerous to the SNB than previously imagined. And that's when my first thoughts went to thinking that maybe the SNB -- was set up. ... Read more
Saudi Arabia Constructing 600-Mile Wall To Keep Out ISIS
Saudi Arabia is building a 600-mile long wall along its northern border with Iraq in order to keep ISIS at bay, the Telegraph newspaper reported today. Once completed, the wall will consist of a ditch and a triple-layered steel fence, with 40 watchtowers spread out along it. Each watchtower will be equipped with high-tech surveillance radars that are capable of detecting low-flying helicopters and approaching vehicles, as well as being able to spot a human from the range of about 20km. ... Read more
It's Time for a Revolution: Bankrupt Policies, Historic Losses Call for New Generation of Leaders
It's always "Groundhog Day" for Democratic leaders who can't adjust, can't organize and can't win. Let's dump them.
As a wise man once said, never underestimate the capacity of an entire social order to commit suicide. The Democratic Party's old order is doing it now. It may seem strange but make no mistake, the Democrats' leaders are already unconscious. If they don't wake up soon, they'll go the way of the Whigs. If progressives don't wake up now, they'll go with them.
... Life is change and these Democrats never change. It's like watching "Groundhog Day" but without laughs, a love interest or a learning curve. Democrats in Congress ran the same race in 2014 they ran in 1994, lost badly, and then reelected all their leaders. Obama handled the budget this year the same way he does every year, with the same result. Hillary Clinton is poised to run the same awful race in 2016 she ran in 2008. ... Read more
Mitt Romney Has a Huge New Conflict-of-Interest Problem
... But there's another matter that will be be added to the pile of financial controversies for Romney to face: Solamere Capital, the $700 million private equity firm cofounded by his son Taggart that Romney has helped run since March 2013. Who has Romney been investing with, and what has he been investing in? These are questions that Romney 2016 will confront and that, no doubt, the firm will not want to answer. ...
... In the 2012 campaign, Romney was the candidate who defied transparency. (In one memorable moment, an irritated Ann Romney huffed that she and her husband had disclosed "all you people need to know.") ... Read more
TRNN | Professor Leo Panitch, author of The Making of Global Capitalism: What is Causing Market Volatility? (01/19/15) [13:41]
TRNN | Shir Hever, Researcher at the Alternative Information Centre: Netanyahu's Elbowed Presence in Paris (01/19/15) [14:01]
TRNN | Dr. Finkelstein discusses the "complicated question" of Israel's right to regulate the ethnic balance of the state and Palestinian's right of return (01/19/15) [20:41]
TRNN | Scholar Sam Mitrani says: The Function of Police in Modern Society: Peace or Control? (01/19/15) [15:24]
TYT | Billionaire Banker Says Life Is Too Hard (01/18/15) [6:37]
TYT | Republicans Push Legislation To Destroy Government Regulation (01/18/15) [8:48]
*TYT | 2014 Hottest Year Since Records Began, Earth Officially Melting (01/17/15) [8:55]
TYT | Saudi Arabia Building It's Own Great Wall To Repel ISIS (01/16/15) [6:20]
TYT | Right Wingers Have Much In Common With Radical Islamist Killers (01/18/15) [5:13]
RT | CrossTalk: Turning Right (01/16/15) [24:00]
*Thom Hartmann | What's up with the Swiss Franc? (01/16/15) [6:32]
Thom Hartmann | Thom Hartmann on Economic & Labor News (01/19/15) [7:08]
PBSPBC | German writer spends 10 days with the Islamic State (12/14/14) [10:53]
If the Tea Party hates Wall Street, why isn't it protesting GOP efforts to dismantle Dodd-Frank?
For a movement supposedly founded on opposition to the Wall Street bailout, the Tea Party's people in Congress seem awfully keen to take the reins off the financial sector.
On Wednesday, House Republicans amended the 2010 Dodd-Frank financial reform bill to delay for two years a requirement that big banks sell off risky debt bundles that entangle them with hedge funds and private equity firms. At the end of last year, they rolled back a provision that would've forced banks to trade credit default swaps using subsidiaries that aren't federally insured. The GOP is also taking a run at lessening federal oversight over certain private equity activities and derivatives trading. House Financial Services Committee Chairman Jeb Hensarling (R-Texas) -- a Tea Party ally -- has spearheaded many of the efforts. ... Read more
Exclusive: ISIS Gaining Ground in Syria, Despite U.S. Strikes
American jets are pounding Syria. But ISIS is taking key terrain -- and putting more and more people under its black banners. ISIS continues to gain substantial ground in Syria, despite nearly 800 airstrikes in the American-led campaign to break its grip there.
At least one-third of the country's territory is now under ISIS influence, with recent gains in rural areas that can serve as a conduit to major cities that the so-called Islamic State hopes to eventually claim as part of its caliphate. Meanwhile, the Islamic extremist group does not appear to have suffered any major ground losses since the strikes began. The result is a net ground gain for ISIS, according to information compiled by two groups with on-the-ground sources. ... Read more
Numerous FX Brokers Shutter After Suffering "Significant Losses" Following SNB Stunner
Largest Retail FX Broker Stock Crashes 90% As Swiss Contagion Spreads
As we first reported last night, FXCM was among the first of many retail FX brokers (and the largest) to see its clients suffer massive losses from yesterday's Swiss Franc surge following the SNB decision to unleash market forces. There are now at least 4 retail FX brokers (FXCM, Excel Markets, OANDA, and Alpari) who have announced "issues" but FXCM, being among the largest and publicly traded is the most transparent example of wjust what can go wrong when average joes are allowed 100:1 leverage. FXCM is now stuck chasing clients for money they do not (and will never) have.. and its stock is down 90%, trading a $2 this morning (down from $17 on Wednesday). ...
Thank the SNB for the Truth
Remember, years ago, when the markets were a mechanism for honest price discovery and a gathering place for buyers and sellers to participate in open, unvarnished capitalism? Yes, I know it was years ago, but I'm sure you can think back to those days.
And do you sometimes ask yourself, "What would it be like if markets were normal again? What if the world's central bankers all decided to go f*ck themselves and leave the markets to act naturally on their own? And how much would I pay to see Janet Yellen commit suicide on pay-per-view?" OK, maybe not that last one, but I bet you've asked the first two.
Well, my friends, the Swiss National Bank has, by their own actions, provided a sort of answer. Look no further than the Euro/Swiss Franc exchange rate graph: (see below)
There are, contained herein, three distinct section. The cyan (that's "blue" to the color illiterates out there) area is Markets As God Intended. The green section is the rigidly-controlled, ruled-by-doctrine, price-by-decree market, which went on for nearly three years. And the magenta area, which is just a single price bar, neatly represents what happens when the markets are allowed, pushing and shoving, back into reality. And that single price bar, my friends, is really all you need to see in order to understand what's ahead. ...
The Next Round of the Great Crisis as Begun
The entire rally in stocks post-2009 has been due to Central Bank intervention of one kind or another. Whether it be by cutting interest rates, printing money, buying bonds, or promising to do more/ verbal intervention, the Fed and others have done everything they can to push stocks higher.
As a result, today, more than 90% of market price action is based on investors' perceptions of what the Central Banks will do… NOT fundamentals. For instance, if bad economic data hits the tape, the market tends to rally because investors believe this will result in the Fed having to print more money. Again, the primary driver of stocks is no longer fundamentals, but Central Bank intervention. ... Read more
What did the SNB do to EURCHF options markets?
The Swiss National Bank made G10 FX a lot more fun to watch today. One interesting thing is how the options markets responded.
Via Jared Woodard of BGC, here's a chart comparing the move in one-week implied volatility in the exchange rate between the Swiss franc and the euro -- basically, the cost of hedging the risk that the franc appreciates plus the cost of hedging the risk that it depreciates -- against the actual move in the EURCHF exchange rate: ... Read more
Democracy Now! U.S. and World News Headlines for Friday, January 16 [9:51]
*DN | "Man Has Slapped Nature in the Face": Pope Francis Urges Climate Action in Philippines Visit (01/16/15) [18:20]
DN | Pope Francis Plea for Climate Action Revives Concept of "The Commons" to Rethink Economy & Society (01/16/15) [7:04]
Jon StewartJon Stewart | World leaders march in solidarity with France at a rally for free expression following the Charlie... (01/15/15) [2:13]
*TRNN | House Passes Bill Further Weakening Financial Regulation (01/16/15) [5:53]
TYT | Right Wingers Crave Religious War And HATE Obama For Denying Them (01/15/15) [8:19]
*TYT | Fox News 'No Go Zone' Lies Exposed In Most Wonderful Way By French TV Show (01/15/15) [7:28]
TYT | Aziz Ansari Made Rupert Murdoch Apologize & Then Sticks The Landing (01/15/15) [3:12]
RT | Keiser report: Paul Schulte discuss the economic catastrophe that is the European corporate and banking sector heading into 2015 (E706) (01/15/15) [25:40]
RT Big Picture | Debt America and Wall Street's Attack on U.S. Pension. Plus, PTSD crisis and more worries for climate change (01/15/15) [56:12]
RIng of Fire | Corporate Whistleblowers In The Crosshairs (01/15/15) [8:53]
*Thom Hartmann | The Methane Monster Roars... (01/15/15) [8:53]
*Thom Hartmann | How do we Take Back our Democracy? (01/15/15) [3:21]
Thom Hartmann | It's 'We the People', not 'You the Business'... (01/15/15) [7:11]
Billion-dollar deal: Russia to sell space rocket engines to US company
Russia's design bureau NPO Energomash is to deliver 60 RD 181 engines for the Antares rocket first stage to American space technology manufacturer Orbital Sciences Corporation. The total cost of the deal is about $1 billion.
Who said Walmart shoppers aren't imaginative.
Beer, chips and dog food. Life is good!
How Wall Street Occupies America: Rising Debt and Runaway Inequality
In our society we've given that power to private financial corporations, and they've done a masterful job in pushing us to the brink of debt peonage. The problem extends far beyond the much ballyhooed federal debt. The power of debt extends to nearly every aspect of modern life. Our homes, schools, roads, bridges, highways, utilities, corporations and virtually every product and good produced and sold depend on debt. By some estimates as much as 30 cents of every dollar we spend goes to cover interest payments on the debt accrued to make and sell all that we buy. (For example, of the $6.5 billion of private enterprise income in 2012, 36.8 percent went to interest payments.)
With our banking system in private hands, the simple truth is that as the debt levels accelerate, so does runaway inequality. Therefore key to controlling runaway inequality is to dramatically curtail the power of high finance. ... Read more
If you borrowed just one nickel at 5 percent interest when Christ was born. You would now owe the tidy sum of $225,438,991,066,856,000,000,000,000,000, 000,000,000,000 -- more money than ever existed in the history of the world.
Who Needs Lobbyists? See What Big Business Spends To Win American Minds
Forget lobbying. When Washington, D.C.'s biggest trade associations want to wield influence, they often put far more of their money into advertising and public relations, according to a new Center for Public Integrity investigation.
Take, for example, the American Petroleum Institute. The oil and gas industry trade group spent more than $7 million lobbying federal officials in 2012. But that sum was dwarfed by the $85.5 million it paid to four public relations and advertising firms to, in effect, lobby the American public -- including $51.9 million just to global PR giant Edelman.
From 2008 through 2012, annual tax filings show, the API paid Edelman a staggering $327.4 million for advertising and public relations services, more than any other contractor. Read more
Best Buy Is Worst Buy: Stock Crashes After Goldman "Buy" Upgrade
Time to Pull the Plug on a $30B Nuclear Fuel Boondoggle
It sounded like a good idea back in 2000. Two decades after the Cold War ended, the United States and Russia each agreed to dispose of 34 metric tons of weapons-grade plutonium -- enough for about 20,000 warheads -- by combining most of it with uranium to create mixed-oxide (MOX) fuel for commercial nuclear reactors. Proponents boasted it was a modern-day fulfillment of the biblical call for nations to "beat their swords into plowshares and spears into pruning hooks."
Unfortunately, it didn't turn out to be that simple. The bilateral agreement resulted in the MOX Fuel Fabrication Facility, now under construction at the Savannah River Site, a 310-acre federal nuclear reservation near Aiken, South Carolina, that employs more than 10,000 people. The facility was originally slated to be finished by 2016, but its completion date has been extended to 2025. Meanwhile, the program's projected "life cycle" cost, which includes construction, operation and decommissioning, has ballooned from an initial estimate of $1.6 billion to more than $30 billion. Why? According to the Government Accountability Office, because of the Department of Energy's (DOE) "record of inadequate management and oversight." ... Read more
The GOP's Absurd, Hilarious Ploy to Pretend They Care About Poor People
Across the GOP, there's been an outbreak of claims by party leaders and presidential candidates that Republicans deserve credit for a slow-but-steady economic recovery, and that the GOP is the emerging champion of still-struggling working Americans.
Both of these assertions are brazen falsehoods.The first of these claims, by Senate Majority Leader Mitch McConnell, is the latest effort to dilute the White House's achievements; while the second--by likely 2016 candidates including Florida's ex-Gov. Jeb Bush--is another variety of political theft, all but plagarizing Sen. Elizabeth Warren, D-MA. Read more
Democracy Now! U.S. and World News Headlines for Thursday, January 15 [6:52]
*DN | "The War to Start All Wars": Did U.S. Invasion of Panama 25 Years Ago Set Stage for Future Wars? (12/23/14) [6:38]
Full version*DN | Did Gitmo "Suicides" Cover Up Murder? US Sgt. Speaks Out on Deaths & Prison's Secret CIA Site, Part1 (01/15/15) [14:49], Part 2 [20:17]
DN | "How the Iraq War Began in Panama": 1989 Invasion Set Path for Future U.S. Attacks (12/23/14) [31:40]
The End of Moscow's PartyJourneyman.tv | Foreign Capital Flees Russian Depression (01/15/15) [16:15]
TRNN | Professor Sabah Alnasseri of York University, says: Endemic Corruption in the New Iraqi Government (01/15/15) [9:10]
TRNN | Dr. Finkelstein says writing the "Holocaust Industry" changed his life, isolating him academically and making him a target - but he felt he had to take on the subject to defend the legacy of his holocaust survivor parents. (01/15/15) [24:40]
TYT | Republicans Threaten Border Anarchy If They Don't Get Their Way (01/15/15) [5:18]
TYT | Fox News In The Racial Smear Zone On 'No Go Zones' (01/15/15) [5:31]
TYT | "Brown-Skinned" Man & His Son Turned Away From "Muslim Free" Firing Range (01/15/15) [5:25]
TYT | Group Re-Enacts Charlie Hebdo Shooting, Then Surprises Everybody (01/15/15) [4:20]
Ring of Fire | Can We Save Social Security? (01/14/15) [9:31]
ThomHartmann | GOP's Sneak Attack on Social Security... ( 01/08/15) [6:55]
RT | CrossTalk: Extremists Incorporated (01/14/15) [23:56]
As I construct My News Pages I constantly run across a lot of NEW videos, and since I find YouTube frustrating trying to re-find videos, I save the links in this section so I can find them again.