ECONOMY

Sep 03 05:43

Forget George Osborne's Spin, Here's The Truth About The 'Economic Recovery'

George Osborne welcomed a "double dose of economic good news" after the Office for National Statistics' upgraded its estimates on how fast the UK has grown since the crash, which now indicate that the economy fully recovered last summer.

The revisions for Britain's economic growth from 1997 to 2012 come as the latest report from the World Economic Forum lifted the UK one place to ninth in its international competitive ratings.

Sep 03 05:19

German Supermarket Giants Demand Return to GMO-Free Fed Poultry

Germany’s top supermarkets, the powerhouses of Europe when it comes to retail, have delivered a blow to the biotech industry by forcing the German poultry industry to return to the use of non-GMO feed.

It was announced last Thursday that the German supermarkets, with a broad consensus, recently demanded from the German Poultry Association (ZDG) to stop using GMO feed for both egg and poultry meat production, starting from January 1st 2015. That is the date when the retailers want to receive GMO-free fed products again, meaning poultry suppliers will have to rush to get their feed supply chains free from GMO feed once more.

German language source: www.db.zs-intern.de

Sep 03 05:08

Two Former Senators Are Helping a Russian Bank Fight U.S. Sanctions

When you're a Russian company trying to manage U.S. sanctions it helps to have friends in the right places. That's probably why Gazprombank, a Russian bank hit by sanctions earlier this year, named former U.S. senators Trent Lott and John Breaux as its lobbyists. The two were listed as the main lobbyists on the bank's account with the firm Squire Patton Boggs, according to a Friday filing reported by the Center for Public Integrity.

Sep 03 04:27

Millions of Americans Living in Extreme Poverty

In the United States, the official poverty rate for 2012 stood at 15 percent based on the national poverty line which is equivalent to around $16 per person per day. Of the 46.5 million Americans living in poverty, 20.4 million live under half the poverty line. This begs the question of just how poor America’s poorest people are.

Using an alternative dataset from the one employed for the official U.S. poverty measure, Shaefer and Edin show that millions of Americans live on less than $2 a day—a threshold commonly used to measure poverty in the developing world. Depending on the exact definitions used, they find that up to 5 percent of American households with children are shown to fall under this parsimonious poverty line.

Sep 02 23:45

Israeli warships open fire at fishermen off Gaza coast

Israeli forces opened fire at fishermen off the coast of the southern Gaza Strip on Tuesday, in apparent violation of the ceasefire agreement reached with Palestinian factions a week ago, fishermen said.

Palestinian fishermen told Ma'an that Israeli warships used machine guns to fire at their boats while they were sailing within the agreed-upon six-nautical-mile limit near Rafah.

Sep 02 19:33

SHOCK: 67% of U.S. Debt Held By Foreigners

Sep 02 18:39

IRS Wants To Tax Free Food

Sep 02 18:29

Will The Seven Year Cycle Crash The Economy?

Sep 02 17:39

Someone Behind the Curtain Buys…

Japan, Belgium, Luxembourg, Ireland, Norway, & Cayman Islands fill the Treasury breach with purchases of $527 billion (July til years end) . Interestingly, none of these nations likely had the foreign exchange reserves to make these purchases?!? Seems fair to say these nations were used as fronts for some other entity doing the purchasing.

Sep 02 17:28

The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About

Large numbers of people believe that an economic crash is coming next year based on a seven year cycle of economic crashes that goes all the way back to the Great Depression. What I am about to share with you is very controversial. Some of you will love it, and some of you will think that it is utter rubbish.

Sep 02 16:51

Payday loan debt problems soar

THE number of people struggling to cope with payday loan debts has risen by more than 13,000 in the past year, figures show.

Debt charity StepChange said they dealt with 43,716 people in the first six months of this year, compared with 30,762 for the same period last year.

Sep 02 16:49

IMF warns Ukraine may need extra US$19b in aid

The International Monetary Fund warned on Tuesday (Sep 2) that economically-devastated Ukraine may need an extra US$19 billion (€14.5 billion) in assistance should it fail to quell its brutal pro-Kremlin uprising by the end of next year.

The global lender said it was releasing the second US$1.39-billion tranche of its US$17.1-billion lifeline despite "major uncertainties" and on the assumption that the ex-Soviet country's Western allies would be ready to pitch in with extra assistance if asked.

"We are assuming that the conflict will begin to subside in the coming months," the Fund's European Department head Poul Thomsen said in his first review of Kiev's compliance with its reform and recovery programme.

"But the balance of risks appear to be tilted to the downside. If this assumption does not hold ... the programmes' viability could hinge on larger assistance from Ukraine's international partners."

Sep 02 16:45

The Chart Obama Does Not Want Merkel To See

When does Europe draw its own red line around Obama's sanctions?

Sep 02 16:42

The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About

Large numbers of people believe that an economic crash is coming next year based on a seven year cycle of economic crashes that goes all the way back to the Great Depression. What I am about to share with you is very controversial. Some of you will love it, and some of you will think that it is utter rubbish. I will just present this information and let you decide for yourself what you want to think about it. In my previous article entitled "If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States", I discussed many of the economic cycle theories that all seem to agree that we are on the verge of a major economic downturn in this country. But there is an economic cycle that I did not mention in that article that a lot of people are talking about right now. And if this cycle holds up once again in 2015, it will be really bad news for the U.S. economy.

Sep 02 15:51

The Morning After: What Happens When A Government Destroys Its Currency

Imagine this scene:

“Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight.”

“The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they had never been through something like it before…”

This is how an American business executive described living through Mexico’s devaluation of the peso exactly 38 years ago on September 1, 1976.

Sep 02 15:34

When 4 Jobs Aren’t Enough: Why We Need a Living Wage

By all accounts, Maria Fernandes was a hard worker. A person would have to be, in order to keep up with four different jobs. It’s that hard work that killed the 32-year old-woman, according to news reports, as the exhausted low wage worker died of inhaling fumes while grabbing a short nap in her car between work shifts.

Sep 02 14:47

JIM WILLIE — Critical Geopolitical & Monetary Update: NATO is Falling Apart & Germany is Breaking Away From the U.S.

Dr. Jim Willie presents some important recent developments that bode ill for the dollar as Germany, France and other former allies and partners of the US are now aligning themselves with Russia, China and the BRICS bloc. Also, Willie’s source claims Blackwater mercenary group has been captured in Ukraine. “NATO is dead.”

Sep 02 14:40

Wall Street Admits That A Cyberattack Could Crash Our Banking System At Any Time

Wall Street banks are getting hit by cyber attacks every single minute of every single day. It is a massive onslaught that is not highly publicized because the bankers do not want to alarm the public. But as you will see below, one big Wall Street bank is spending 250 million dollars a year just by themselves to combat this growing problem.

Sep 02 13:45

Big Banks Fined Mega-Billions; CEOs Remain Untouched, Above the Law

Get arrested for robbing a bank or shoplifting and you will go to prison. Get caught selling cocaine or steal a car and you will do jail time. But if you are a CEO of one of the biggest banks in America and that bank is fined mega-billions for fraudulent practices you need not worry because the U.S. Justice Department will give you a free pass; you are, in effect, above the law.

Sep 02 13:11

Fed: US consumers have decided to ‘hoard money’

One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy. -- The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movement in large part on consumers and their “willingness to hoard money.” The paper also cites the Fed’s own policies as a reason for consumers’ unwillingness to spend..

Sep 02 12:35

NATO summit: War or peace?

Twenty-five kilometers of fifteen-foot high, reinforced steel-mesh crowd proof fencing. 20,000 heavily armed, well equipped and dark-uniformed militia have started arriving daily. Military defense plans have been finalized. Already, adrenaline is in the air. There is a fight coming. Is this Gaza?

No. This is the NATO Summit. You, your civil rights, your quest for peace, and your demand for a return to real democracy and pursuit of happiness are not wanted here.

You do not matter!

Sep 02 12:01

Dem Perkins Coie Lawyer Cyrus Habib Dodges Questions in Washington 48th Dist. Senate Bid, Michelle Darnell Answers!

http://www.scribd.com/doc/238446808/Michelle-Darnell-Answers-Four-Toug...

In full disclosure I am listed as a team member for Michelle Darnell's campaign because she paid me $250 to make her first 3 videos. I haven't been paid a dime since then yet I continue to document what I am seeing in this race because I feel like it and I have just enough of my own money and time to do so. I am not part of the control group and I make no decisions on policy or any of that. I am just the guy with the camera, documenting Ms. Darnell and Mr. Habib.

*********

Why is Cyrus Habib hiding? Isn't Transparency the hallmark of the Democratic Party?

Sep 02 11:41

Report says inequality is elitist ‘social engineering’

Inequality in Britain is so structured that it could be called “social engineering”, according to a new report.

The Social Mobility and Child Poverty Commission study looked at the people “running Britain”.

It said that those at the top are overwhelmingly educated at public schools and went to Oxford or Cambridge universities.

The most detailed study of its kind looked at over 4,000 people in top jobs in areas such as government, the judiciary, business and the media.

Sep 02 11:31

Foreign Ownership of U.S. Government Debt Passes $6 Trillion

For the first time in the nation’s history, foreign interests now own more than $6 trillion in U.S. government debt, according to the most recent Treasury Department report on major foreign holders of the debt, which includes the numbers through the end of June.

Sep 02 10:54

Former DOT Motor Carrier Investigator/Federal Inspector Decries "Rouge Officers" Engaged In "Abuse of Power"

A former New York Department of Transportation (DOT) Motor Carrier Investigator and Federal Level Three Commercial Truck Inspector is "astonished to hear stories of how local law enforcement officers routinely wake up interstate drivers who are engaged in Federally-mandated rest under the Hours of Service (HOS) section." James P. Lamb, Chairman of the Small Business in Transportation Coalition (SBTC) [smalltransportation.org] is calling on law enforcement agencies to practice community oriented policing, and calling for "rogue law enforcement officers" who willingly violate people's rights to be "held accountable for such violations as matters of law and justice."

Sep 02 10:01

FLASHBACK - Venezuela quiting the IMF and World Bank

Venezuelan President Hugo Chavez announced on Monday that his country had decided to withdraw from the International Monetary Fund (IMF) and the World Bank.

Chavez made the announcement at an event to celebrate workers’ rights.

Webmaster's Commentary: 

And that was when Hugo Chavez (and all of Venezuela) made the Special High Interest Targets list, because private central banks cannot allow any nation to operate free from their predations or it sets a bad example for the other slaves!!

Sep 02 09:25

African Bank Probed by Central Bank Following Collapse

African Bank Investments Ltd. (ABL), the South African unsecured lender which collapsed last month after mounting losses, will be investigated by the central bank for evidence of fraud, reckless lending and lack of disclosure.

Sep 02 08:58

Afghanistan's economy is on the verge of a collapse

Power vacuum looms over Afghanistan as UN delays the date for announcing the result of presidential elections to mid-September despite Karzai's plans to leave office next week. Afghan President Hamid Karzai, who came to power after the US-led invasion that toppled the Taliban in 2001, has set a deadline for a new president to take office, but a clear winner has yet to emerge after two rounds of voting. If this happens the country will be literally headless. But during this time of crisis when country's economy is crumbling and a strong leadership is required for drawing down a plan to save Afghan economy from going into deep depression.

People are hoarding their money out of fears of having to flee the country as they fear outbreak of a civil war which gored Afghanistan 1992. This all is because of the political impasse that stares large on the Afghans.

Webmaster's Commentary: 

So, all the US/NATO invasion and occupation has done has been to destroy what little infrastructure there was, and make opium production Afghanistan's top crop of choice.

Just brilliant.

Sep 02 08:54

Inflation Pressures in Core Food Components

This is what rampant QE gets us. I guess the 99% will all be forced into primarily vegetarian dieting...

Sep 02 08:46

Nato Plans 'Spearhead' Force To Face Russia

Nato is set to create a high-readiness force and stockpile military equipment in Eastern Europe as a bulwark against potential Russian aggression, the alliance's chief has said.

Secretary General Anders Fogh Rasmussen said the proposed new force could be comprised of several thousand troops contributed to on a rotating basis by the 28 Nato countries.

Backed by air and naval assets, he said the unit would be a spearhead that could be deployed at very short notice to help Nato members defend themselves against any threat, including from Russia.

Nato leaders are to consider the plans at a summit this week in Wales that is likely to be dominated by how the US-led alliance should respond to the Russian-backed separatist uprising in eastern Ukraine.

Ukraine is not a member of Nato, but its UK ambassador told Sky News he backed the move and appealed for Ukraine's allies to step up sanctions and provide military help now.

Webmaster's Commentary: 

The behaviour on the part of NATO, considering that Ukraine is not a part of NATO at this time, can only be characterized as very odd, in light of the fact that they are hyping the formation of a RRF (rapid reaction force)to come to Ukraine's aid against alleged Russian "aggression", when Russia has not been aggressive against Ukraine in the slightest, and that is what OCSE reports on the border have consistently indicated.

It appears that NATO and the US have decided to curtail Russia's economic growth with a war, and Ukraine is simply the excuse.

But were I Poroshenko, I would hesitate to necessarily hitch my geopolitical/economic/military wagon to NATO and the West.

IF past is prologue, he may want to examine the absolute flustercluck NATO and the US have created in Afghanistan, 13 years on, and wonder - very seriously - if what he has done will ultimately have been the right move for the future of his people.

Please, if you have already not done this, now is the time to take care of yourselves and those you care about. Get storable food, water, extra medications, and figure out how you will defend your home in a way with which you are both comfortable and educated.

Something wicked this way comes, and although I don't want to come across as Mrs. Chicken Little of Hawaii, 2014, preparation right now is critical.

I am very concerned about what I see as the US government marching to war against Russia. And unfortunately, just because an idea is the most ham-fistedly, pig-headedly stupid thing this government could possibly do right now, is absolutely no guarantee that they won't do it, and most probably before the mid-term elections....if, in fact, they are held, and we do not see a decree of martial law, to crush dissent against it.

Sep 02 08:23

The U.S. Is Now a ‘Third World’ Country

4.3% of Americans Survive on Less than $2/Day –

That’s Considered Poor in Even the Poorest Lands

Slightly more than one American household with children in every 25 is surviving on less than $2 per day of income from all sources. One quarter of that 4.3% (that’s 1% of all Americans with children) receive less than $1.25 per day. One third (that’s about 1.33% of all Americans) receive between $1.25 and $2. Another third of that 4.3% receive enough government benefits to be living on between $1.25 and $2 a day. A tiny 0.1% of that 4.3% are even surviving somehow on “Negative income & benefits.”

Sep 02 08:21

Not just Argentina: Other nations in debt doldrums

Argentina's lengthy debt saga returned to the spotlight last week, with its second default in only 12 years triggering George Soros and other investors to sue Bank of New York Mellon for withholding interest payments.

This came after Argentina refused to comply with a U.S. legal ruling ordering it to repay $1.3 billion to creditors, triggering a selective default. Moody's Investors Service downgraded its outlook for the country's debt to "negative" at the end of July and confirmed its long-term credit rating at "Caa1"—meaning it views Argentine debt as a highly risky investment at the precarious end of the "junk bond" spectrum.

Argentina is, nonetheless, only one of several countries whose shaky finances leave them on the brink of being unable to repay their obligations. Moody's currently rates 10 other countries' debt as equally or even more risky than that of Argentina. These span the globe, from nearby by Venezuela and Ecuador to Pakistan and Greece.

Webmaster's Commentary: 

In the list that is shown, one interesting factor is that the United States, which is at least 18 trillion dollars in debt (that we know of) is not listed as a country with an economy in deep trouble.

Sep 02 08:07

Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street

When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.

Webmaster's Commentary: 

Sep 02 07:38

Labor’s Demise is America’s Demise

Labor Day is a holiday that has outlived its time. Like Christmas, Labor Day has become a time-out period. As Christmas has become a shopping spree, Labor Day has become the last summer holiday.

Sep 02 07:28

Student debt becoming a larger albatross for economic growth: $1.2 trillion in student debt is outstanding and many college graduates working in jobs that don’t require their degree.

There was a time when going to college made sense in every feasible way. It made sense professionally, economically, and many college graduates have a wonderful time in the process of completing their degrees. Most would argue that learning is vital in growing and moving forward. Yet students need to ask whether their return on investment is really worth it? Many people go to college in a compulsory fashion. This is simply the next step after high school. This was an easy decision to make during a time when the costs of going to college were affordable. Today, many schools charge $40,000 and $50,000 per year for a basic undergraduate degree. That is problematic. A large number of recent graduates are now working in positions that don’t require their specific field of study. In other words, they are employed in a field different from their undergraduate degree but still carry forward with mounds of debt.

Sep 02 07:18

The DSKing Of Christine Lagarde: IMF Head Formally Charged In Fraud Probe

A day after France revealed its new government, the person who so eagerly stepped in after DSK's infamous and choreographed fall from grace and the IMF presidency (not to mention his derailed French presidential ambitions, greenlighting Hollande as what would become the worst French president ever), Christine Lagarde is about to be DSKed herself after "someone" clearly has set their sights on the former French finance minister.

Sep 02 07:13

Burger King and Corporate Tax Rates and Revenues

Canada is apparently becoming an attractive place to do business. This week Burger King announced plans to move its headquarters to Canada, via a merger with Tim Hortons. Other U.S. companies that have recently moved or announced plans to move to Canada include Bausch and Lomb, Allergan, and Auxilium. A Bloomberg analysis indicates Tim Hortons was once a U.S. company, until it inverted to Canada in 2009.

Part of the attraction is the substantial tax reforms that occurred over the last 15 years in Canada. First among these is the dramatic reduction in the corporate tax rate, from 43 percent in 2000 to 26 percent today. The U.S. currently has a corporate tax rate of 39 percent, but lawmakers are reluctant to do what Canada did, i.e. lower the tax rate, for fear of losing tax revenue.

Webmaster's Commentary: 

Corporations and individuals will eventually be driven from a high tax government to a lower tax government, especially when the high tax government provides so little in return for the vast sums of cash it demands, choosing support for Wall Street, endless wars, and support for Israel over good roads and other infrastructure essential to business.

Sep 02 07:11

Los Angeles Mayor Proposes $13.25 an Hour Minimum Wage

Los Angeles, the second-largest U.S. city by population, would boost its minimum wage to $13.25 an hour by 2017, almost twice the current federal regulation, under a proposal by Mayor Eric Garcetti.

Sep 02 06:59

China, Zimbabwe ink slew of cooperation deals

China and Zimbabwe have inked several cooperation agreements on finance, agriculture and tourism during a state visit by Zimbabwe President Robert Mugabe.

In a snub to Western nations who have imposed sanctions on leaders in the country, including Mugabe himself, China said the world must respect Zimbabwe’s sovereignty.

Webmaster's Commentary: 

Zimbabwe just made the Special High Interest Targets list!

Sep 02 06:48

Billionaire threatens charity donations if Pope continues support for the poor

Billionaire Ken Langone, the founder of Home Depot issued a warning to Pope Francis during an interview with CNBC which was published this past Monday. In the interview he said that wealthy people such as himself are feeling ostracized by the Pope’s messages in support of the poor, and might stop giving to charity if the Pope continues to make statements criticizing capitalism and income inequality.

Webmaster's Commentary: 

"Your job is to make the poor happy with being poor. 'Meek shall inherit the Earth' and all that!" -- Money Junkies

Sep 02 06:37

Cantor Jumps to Wall Street After Stinging Primary Defeat

Former House Majority Leader Eric Cantor will join investment bank Moelis & Co. as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board.

Sep 02 06:37

Totalitarian Collectivism

The New World Order has been in place for centuries. Is it not time to start calling the NWO by another name? A descriptive term that encapsulates the essence of the beast would be a Nefarious Warrior Organism. Such a phrase strips away the ridiculous notion that there is any order in the malevolent organization of the parasitic global structure, based upon perpetual and permanent warfare. This depiction more closely resembles reality, even if the master mass media refuses to acknowledge How the World Really Works. Discard any condemnation that criticism of the established order rests upon conspiratorial fantasy or pre-medieval prejudices. Explaining away or ignoring basic human nature in a "PC" culture ultimately requires the adoption of a depraved Totalitarian Collectivism system. - See more at: http://www.batr.org/totalitariancollectivism/090114.html#sthash.yP2udA...

Sep 02 06:29

“Russia Invades Ukraine”, Strategic NATO Public Relations Stunt. Where Are The Russian Tanks?

Read the London tabloids. Russia has launched “a full-scale invasion”. A vast propaganda campaign has been launched. Where is the evidence?

The media is spreading “fake evidence” in the week leading up to the Wales NATO Summit.

The objective is to herald Russia as the aggressor.

Sep 02 06:23

Estimates: State management of federal lands could cost Montana $500M

Determining the cost to the state of Montana to take over management of roughly 25 million acres of federal land within its borders is no easy task, but a back-of-the-envelope calculation puts such a deal at close to half a billion dollars.

“There’s a whole new sector of land management that would be needed to manage public lands,” said John Grassy, information officer for the Montana Department of Natural Resources and Conservation. “We’re being asked to project how we would staff and program an additional 25 million acres. It’s something we’ve never done before.”

Despite the difficulties, the DNRC is still trying to come up with some figures, possibly by this fall.

Gov. Steve Bullock has made it clear that he does not endorse a takeover of federal lands in Montana, calling such public property the birthright of state residents. But the Montana Republican Party in June endorsed such a move, including it as one of the planks of its platform.

Sep 02 06:18

Cameron: we will permanently damage Russia's economy

David Cameron has vowed to “turn the ratchet” on Vladimir Putin, as he warned Western sanctions would “permanently” damage the Russian economy.

Moscow banks are running short of funding as investors pull capital out the country, while the rouble and the Russian stock market are falling, the Prime Minister said.

He was speaking ahead of a Nato summit in Wales which will discuss Ukrainian membership of the military alliance.

Sep 02 06:12

Russia has 'severed' partnership with Europe, says Germany

Russia has "effectively severed its partnership" with Europe and wants to establish a new order, German President Joachim Gauck said on Monday (Sep 1).

Webmaster's Commentary: 

Frankly, the overthrow of Ukraine followed by the economic sanctions is what ended the partnership, and nobody is buying that any of this is the fault of Russia!

Sep 02 06:11

The Beginning of World Shift

Anglo-Saxon agression against Russia is taking the form of financial and economic warfare. However, Moscow is preparing for armed hostilities by developing its agricultural self-sufficency and multiplying its alliances. For Thierry Meyssan, after the creation of the caliphate in the Levant, Washington would lay down a new card in September in St. Petersburg. The ability of Russia to maintain its internal stability will determine the course of events.

Sep 02 06:09

Jim WIllie: Saudi's are on the verge of joining Russia in non-dollar oil sales

Last week, Russia announced an game changing shift for energy in which they are now allowing the sale of oil and natural gas to be done in both Roubles and Yuan, bypassing the dollar and cracking the 40 year old petro-dollar system. And on Aug. 31, Dr. Jim Willie reported during an interview with TFMetals Report that this break away from U.S. hegemony over the purchasing of oil is not being limited to just Russia, but that the foundational country of petro-dollar origin, Saudi Arabia, is in talks with the Eurasian energy giant to join them in a partnership that will also disconnect the Arab Kingdom from the dollar, and open energy sales within the OPEC nations to be done in Roubles, Yuan, and perhaps even the Euro.

Sep 02 06:05

The Underbelly of Corporate America: Insider Selling, Stock Buy-Backs, Dodgy Profits

"I’m occupying a vantage point that allows me to see what is going on inside the top Fortune 50 companies. I have never seen such rot before. Of the 50, at least 30 have debt at 120% of cash. Most have cut capex, R&D and maintenance by 80%. Most have been borrowing money to do stock buy-backs, while simultaneously selling off business units and doing layoffs.

Sep 02 05:55

Veterans Administration blew $2.2 million for broken St. Cloud wind turbine

A broken wind turbine at a Department of Veterans Affairs facility in St. Cloud is an expensive example of a renewable energy push at the V.A. that's gone awry across the country.

The St. Cloud Timesreports that the VA system has spent $3.7 million on four wind-energy projects around the country, including $2.2 million at the St. Cloud VA Health Care System. But only one (in Connecticut) has worked properly. The others have fallen short for various reasons. The 600-kilowatt St. Cloud turbine, installed by India-based Elecon Turbowinds, hasn't worked for two years.

Sep 02 05:52

Putin adviser: Transition to new global economy will require war

“The world today is going through a year of overlapping cyclical crises. This is a period when the global economy is changing as the structure that has driven economic growth for 30 years has exhausted itself. The world needs to transition to a new system and transition has always come about through war…

The last elections to the European Parliament showed that all European citizens are not fooled by the false pro-American, anti-Russian propaganda… and by the constant stream of lies

In order to avoid the constant threat of foreign asset confiscation, we need to build our own sovereign monetary macro-economic policy.” – Sergei Glazyov

Sep 02 05:34

In the hole: Minnesota residents, businesses charged monthly fee to fix city streets

DULUTH, Minn. — You quickly get a clue about the scope of Duluth’s street repair problem by logging onto the city website.

People who click on the “Duluth Progress” tab to view a list of street-improvement projects soon run into a dead-end link. A “404” error message pops up on the face of a “Do Not Enter” wrong-way sign — at the time of this writing, Friday afternoon.

No wonder many Duluth taxpayers have communicated their own “404” error message to the city over a new street improvement fee on August utility bills.

The street fund joins water, sewer, storm water and street lights and other utility fees that can total nearly $50 a month — on top of residents’ property taxes

Sep 01 20:23

Obama: Revving Economy Calls For Higher Wages

Sep 01 14:50

Russia and China launch gas pipeline

Russia and China have begun the construction of a new gas pipeline linking the countries, with a ceremony in the Siberian city of Yakutsk. China's CNPC has agreed to buy $400bn (£240bn) of gas from Russia's Gazprom.

Sep 01 13:08

'US manufacturing has been lost. Now it's happening to TV'

Hollywood’s big-budget blockbuster movies have often been filmed overseas, particularly in England because of the tax incentives offered. Now television is following suit and more US series than ever before are filming outside North America. Why?

Sep 01 12:26

The fate of Detroit in his hands: Judge reviews plan to write off $7bn of debt and rescue city from bankruptcy

Allowing Detroit to declare bankruptcy was one thing, getting it out of it was always going to be another. How do you magically slash $18bn (£10.1bn) in debt and simultaneously put a city as proud – and as dilapidated – as Motown back on its financial feet again?

With great grit and speed, it seems. And a touch of ruthlessness. A process that could have taken years will instead come to a climax starting on Tuesday morning in the courtroom of Judge Steven Rhodes.

It will be his job to review a sweeping debt restructuring plan that has been hammered out in marathon negotiations in the months since the original bankruptcy filing in June 2013. He can approve it if he deems it fair and workable or reject it if he doesn’t. The fate of Detroit, literally, is in his hands.

Sep 01 08:42

NATO Membership For Ukraine – Another Move On The Grand Chessboard

As the geopolitical tug of war continues to take place over the ravaged country of Ukraine, both sides of the conflict – NATO and Russia – have begun taking steps toward a more solidified structure of alliances that will no doubt have massive reverberations across the world and possibly lead to direct confrontation between nuclear powers.

Indeed, as further evidence that the Western NATO bloc desires an ultimate conflict with Russia and the BRICS powers, NATO Secretary General Anders Fogh Rasmussen has indicated that Ukraine is firmly on the path to become an eventual member of the NATO alliance.

Simultaneously, West Ukrainian Prime Minister Arseny Yatseniyuk submitted a bill to the Ukrainian Verkhovna Rada that would cancel Ukraine’s “non-aligned” status and restart Ukraine’s official attempt to become a member of NATO.

Webmaster's Commentary: 

Yatseniyuk and Poroshenko have an industrial-strength problem here, and that is one of timing.

The next NATO General Assembly happens this Thursday and Friday in Cardiff, Wales, and NATO has not indicated that it will be adding new members at this time. They may have an emergency consultation after that to bring Ukraine in, but NATO leadership understands that Ukraine has really nothing to give NATO, save for a potential military confrontation with Russia, and because of the effect of existing sanctions against Russia (which may result in a potential turn off of gas which Europe desperately needs), may be very hesitant to accept Ukraine as a member.

Ukraine is dead broke, and in arrears on its payment to GAZPROM, the Russian energy company from which it gets the majority of its energy.

Ukraine may well balkanize, due to its financial problems, long before NATO deliberations on its membership have come to fruition, at which time the issue will become moot, and such a balkanization will put Russia in the ascendency once again.

Sep 01 08:02

The U.S. Is Now a ‘Third World’ Country

The measure of “extreme poverty” used here is based on one of the World Bank’s key indicators of global poverty: $2 per person, per day. Tellingly, the World Bank does not release official estimates for the United States for this metric because it is meant to capture poverty based on “the standards of the poorest countries.” … Living below this metric is widely considered to be a marker of extreme destitution, which is assumed to be very uncommon among wealthy nations.

They further explain:

Households are counted as being in extreme poverty if they report $2 dollars or less per person, per day in total household income in a given month (approximated as $60 per person, per month in 2011 dollars). … The official poverty line for a family of three would equate to roughly $17.00 per person, per day, averaged over a year, so our measure is roughly 13 percent of the official poverty line.

Webmaster's Commentary: 

Please remember; whenever Obama spouts off about an "economic recovery", he is only talking about the 1 percenters and the banks, and that is it.

Sep 01 06:54

Bloomberg Primes the Pump of the Deflationary Dialectic

Bloomberg offers two editorials on Europe that tell us economic growth is not going well. The one above speaks to the issue of Mario Draghi's lack of courage in terms of implementing a program of aggressive money printing.

The other one, which we excerpt below, is a kind of call to arms by Bloomberg itself – via its editorial staff – demanding that Europe's leaders scrap the fiscal pact negotiated in 2012 that mandates certain austerity measures.

Taken together, they seem to be indicating a certain level of distress, and yet there are other ways to regard this double-barreled explosion of concern over the EU's still-eroding economic condition.

Webmaster's Commentary: 

So, let's make things worse with a pointless sanctions war with Russia!

Sep 01 06:50

Study: PA’s debt would cost taxpayers $14,500 each to pay off today

Pennsylvania is famous for its potholes, but it has an even bigger sinkhole problem that could cost taxpayers way more than minor car repairs caused by pock-marked roads.

Truth in Accounting, an economic think tank based in Chicago, released its Fiscal Year 2013 State of the States Report last week. It determined Pennsylvania is a “sinkhole state,” meaning it’s “sinking in debt.”

While the Keystone State owns $38.9 billion in available assets, it owes more than $100 billion, the report says. That makes for $62 billion in obligations, which have been pushed toward the future.

Sep 01 06:45

Persistent Unemployment Still A Major Problem In The U.S.

While the mainstream media in the U.S. is desperately trying to sell the false narrative that the national economy is “on the rise” again, Iran’s PressTV is more willing to tell us the red pill truth. The fact of the matter is things are really bad, and we are not going through some sort of Cinderella story of economic redemption.

New data shows there is a persistent unemployment problem in the United States. In fact, the number of people relying on the government for food or housing assistance is still at record levels. For those that do have a job, more Americans than ever are dealing with the sobering reality of earning the minimum wage.

Sep 01 06:37

China to Begin Building Power of Siberia Gas Pipeline in First Half of 2015

Chinese Vice Premier Zhang Gaoli on Monday announced that his country would begin the construction of its part of the Power of Siberia gas pipeline in the first half of 2015.

“The Chinese side has already planned to begin the construction of the Chinese part of the pipeline in the first half of next year. And we must use effort so that we complete construction and the beginning of the pipeline’s use in 2018,” Zhang said during the opening ceremony of the construction of the Chinese part of the pipeline, at which Russian President Vladimir Putin was also present.

After 10 years of negotiations, in May 2014, Russia and China signed a 30-year deal on the supply of 38 billion cubic meters of natural gas to China annually.

The 2,200-mile Power of Siberia pipeline running from the Chayanda oil and gas field in Yakutia will be used to deliver gas to Russia’s Far East as well as to export it to China. The estimated cost of its construction is 770 billion rubles [$21 billion].

Sep 01 06:34

Russia’s Gazprom Neft Starts Commercial Oil Production at Iraq’s Badra Oilfield

Gazprom’s subsidiary Gazprom Neft began the commercial production and delivery of oil at Iraq’s Badra oilfield, a press release on the company’s website reported Monday.

"Over the period of just a few years, a consortium of companies led by Gazprom Neft has fully prepared Badra, one of the most complex geological field structures in Iraq, for full-scale commercial development. This is the first major international project in upstream the company has implemented from scratch. The unique experience gained during this project will contribute to our development of future projects both in Russia and internationally," the company’s Chairman was quoted in the press release as saying.

Aug 31 20:15

Water ATM's Bring Relief To Thirsty Country

Aug 31 17:15

ON LABOUR DAY, AND EVERY OTHER DAY, LOOK FOR THE UNION LABEL

Labor Day has arrived, and families across the country will be getting their backyards ready for barbecues. In progressive circles, a familiar message is making the rounds: Buy union. Make sure your grill is a Weber or Thermador, made by union hands. Eat Butterball and Hebrew National franks. A list of brands has been circulating on social media sites with the goal of urging pro-labor consumers to support members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union, the United Food and Commercial Workers, and other food sector and manufacturing unions.

Aug 31 14:04

The U.S. Is Now a ‘Third World’ Country

Slightly more than one American household with children in every 25 is surviving on less than $2 per day of income from all sources. One quarter of that 4.3% (that’s 1% of all Americans with children) receive less than $1.25 per day. One third (that’s about 1.33% of all Americans) receive between $1.25 and $2. Another third of that 4.3% receive enough government benefits to be living on between $1.25 and $2 a day. A tiny 0.1% of that 4.3% are even surviving somehow on “Negative income & benefits.”

Aug 31 09:20

Ecuador to replace the US dollar with its own digital currency

Ecuador is planning to create the world’s first digital currency issued by the country’s central bank, in what is seen by many as a step to abandon the US dollar, the currency now used by the Central American country.

The currency is expected to start circulating in December, according to the country’s Central Bank.

The technical details or the name of the currency have not been revealed, although the officials stated that it would not be a crypto-currency like Bitcoin.

The new currency is expected to co-exist with the US dollar, the current official money Ecuador uses, and will be channeled for 2.8 million people in the country – 40 per cent of the participants in the economy – who are too poor to afford the usual banking.

Use of the currency will be voluntary, and it will not be used to pay the state employees.

It will be possible to make and get payments via cellphones, Central Bank’s deputy director Gustavo Solorzano told AP.

Webmaster's Commentary: 

"The Ecuadorian government is poised to do WHAT?!?!?

INVADE NOW!!!!" Official Federal Reserve Souse.

Aug 31 09:01

The Economics Of Perpetual War

Art of War actually states that “no country has ever profited from protracted warfare,” and cautions generals to “fight under Heaven with the paramount aim of ‘preservation.’” Yet as far back as we have historical records, these sorts of ideas have fallen on deaf ears among governments and military organizations alike.

Webmaster's Commentary: 

The only people who profit from wars are the bankers who create money out of thin air then loan it to the warring parties at ruinous interest!

Aug 31 08:58

French President Says "There Is Risk Of War" As Europe Plans Additional Russia Sanctions

For months Europe had thought that mere verbal (and hollow) threats, populist posturing and propaganda would be enough to force Russia's Putin to back off and withdraw from the endless Ukraine escalation, into a Kremlin cocoon with his tail between his legs. What they didn't anticipate was that Putin would in no way back down (as that would be seen as defeat and weakness by his numerous internal foes), nor would have have to: with Russia providing a third of European gas and with winter approaching, Russia had all the trumps cards from day one.

Aug 31 05:38

Monsanto in Ukraine: IMF loan for Ukraine may give GMO giant a backdoor into EU

Ukraine’s bid for closer ties with the west could come at a cost. With the IMF set to loan the country $17 billion, the deal could also see GMO crops grown in some of the most fertile lands on the continent, warns Frederic Mousseau.

Very few, not least the Ukrainian population are aware of these details, but according to Mousseau, who is a Policy Director at The Oakland Institute, in return for the cash, Ukraine could very well become a test ground for GMO crops in Europe, something the rest of the European Union has been looking to prevent. RT caught up with the Frenchman, who voiced his concerns at what may lay ahead.

Aug 30 17:52

3 Things Worth Thinking About

Aug 30 16:18

Labor Day 2014: Economic solutions already here for full employment, zero public deficits and debts

*hyperlinks live at source*

Labor Day is an Orwellian holiday: US “leaders” psychopathically pretend to care about American labor while lying about a real unemployment rate of close to 25% (the so-called “official” rate excludes under-employed and discouraged workers).

Along with unemployment, Americans receive policy enabling oligarchs to “legally” hide $20 to $30 trillion in offshore tax havens in a rigged-casino economy designed for “peak inequality.” For comparison, $1 to $3 trillion ends global poverty forever, saving a million children’s lives every month from slow and gruesome death (here, here). And, as always, US “leaders” lie-begat Americans into unlawful Wars of Aggression (in comparison, 11 days of US war cost would pay for all tuition of US college students).

Americans could have full-employment and zero public deficits and debt with monetary and credit reform.

These solutions are obvious upon a few moments of your attention. See for yourself:

Aug 30 15:03

It's Settled: Central Banks Trade S&P500 Futures

Courtesy of an observation by Nanex's Eric Hunsader, we now know, with certainty and beyond merely speculation by tinfoil fringe blogs, that central banks around the world trade (and by "trade" we mean buy) S&P 500 futures such as the E-mini, in both futures and option form, as well as full size, and micro versions, in addition to the well-known central bank trading in Interest Rates, TSY and FX products.

In fact, central banks are such active traders, that the CME Globex has its own "Central Bank Incentive Program", designed to "incentivize" central banks to provide market liquidity, i.e., limit orders, by paying them (!) tiny rebates on every trade. Because central banks can't just print whatever money they need, apparently they need the CME to pay them to trade.

Aug 30 12:23

Consumer Spending Drops as Car Sales Stall

U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed.

Aug 30 11:36

Scientists predict why the US will riot next

Using plain, simple math and data charts, scientists at the New England Complex Systems Institute have come to a clear-cut conclusion that when food prices rise, as much as they are in the US, then people start rioting. Right now in the US, 49 million Americans are already dealing with food insecurity. One in seven Americans rely on food banks. A quarter of the American military needs outside assistance to feed their families. And of course, minorities are facing serious hunger issues. The Resident discusses.

Aug 30 11:12

The wars that really are about the oil

Americans who hope that ‘energy independence’ can reduce US involvement in the Middle East similarly fail to understand the post-Cold War strategy of their own country. Thanks to the revolution in oil and gas production made possible by hydraulic fracturing technology (fracking) and horizontal drilling, the US has passed Russia as the world’s leading energy producer and Saudi Arabia as the leading producer of crude oil.

Aug 30 09:29

An Autumn storm brewing?

Aug 30 09:18

Dunkin' Donuts Worker's Death Reveals The True Cost Of Our Low-Wage, Part-Time Economy

A New Jersey woman died earlier this week trying to catch a few hours of sleep between jobs, a chilling reminder of the struggle low-wage workers, particularly women, face making ends meet.

Police found Maria Fernandes dead in her car on Monday night, parked in a convenience-store parking lot in Elizabeth, N.J., according to a police press release. Fernandes, 32, was wearing a Dunkin’ Donuts uniform when she was found. A friend and fellow employees told officials she worked as many as four jobs, said Lt. Daniel Saulnier, a spokesman for the Elizabeth police department.

Webmaster's Commentary: 

Did no one at any of her jobs understand how extremely dangerous and difficult her situation was?!? And working 4 jobs, just to survive, when did THAT become corporate America's answer to the "American Dream"?!?

Was there not any family willing to help out?!? Where was just a touch of love and humanity for this woman which could have saved her?!?

I am sure none of the executives of Dunkin' Donuts are losing any sleep over this incident; this woman's death was simply collateral damage, and she was completely expendible; after all, there will be hundreds of others clamoring to get her job, right?!?

Corporations by definition have no morals whatsoever, and are simply obligated to provide profits for shareholders, period, end of discussion.

Aug 30 08:54

Permanent temps: What your life as an ‘elderly migrant’ worker will be like when you can’t retire

Jessica Bruder: Though no one keeps an official tally of how many older Americans are doing this kind of work, their ranks appear to be growing rapidly in the wake of the housing bust and market crashes.

Amazon first hired a handful of migrant full-time RVers in 2008 through a program the company later named “CamperForce.” As of 2014, it had expanded to employ some 2,000 workers, according to a recruiter I met in Quartzsite, Arizona. The American Crystal Sugar Company taps the same labor pool each fall to staff its annual sugar beet harvest, and their recruitment numbers are up, too. This year, they’re hoping to recruit 600 “workampers,” up from 450 the year before.

LP: What’s the gender breakdown among these traveling workers? What kinds of work are men and women doing?

Webmaster's Commentary: 

Absoflippinglutely unbelievable.

At a time when people should be enjoying at least some leisure, far too many Americans are working like slaves at rock bottom wages.

What is wrong with this?!?

EVERYTHING.

Aug 30 06:39

Corporations Join Droves Renouncing US Citizenship

And now those "droves" are going to be paying an extra 422% to break free by renouncing citizenship, according to Forbes. - Ed.)

Nick Giambruno, International Man
Casey Research

Don’t be surprised to lose if you don’t make an effort at being competitive.

And if you go out of your way to make yourself less competitive, expect to lose.

If that sounds like simple common sense, that’s because it is.

But it’s also exactly what the US has been doing for years—enacting tax policies that sabotage its global economic competitiveness...

Aug 29 18:41

The Disappearing Middle Class...

Aug 29 17:26

Debt Rattle Aug 29 2014: This Is Why The Fed Will Raise Interest Rates

When rates are low, banks can borrow on the cheap. But they can’t charge you high rates either. They’ve now borrowed all they want, and can, at zero percent (there’s a limit to profits even there). And the banks want to move to 3-4-5+%, so they can squeeze their customers for the difference.

The Fed is only too happy to comply. And it will use the argument of an improving US economy to do so. Because (some of) the – handpicked – stats say there’s improvement. Yellen is still dutifully hesitating, because they all know there really is no great US economy that would justify a rate hike, but all the pieces are in place.

And that’s why US interest rates will go up. And create chaos in global markets. And push millions of Americans and Europeans into servitude. It’s because the banks want it. Because they stand to profit greatly from the ensuing mayhem.

Aug 29 17:25

Microsoft’s Staggering Tax Dodge Alone Would Fund the Entire State of Washington for Two Years

Reading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though, there is a significant revelation in the paperwork. This year, one of the most important revelations came from Microsoft’s filings, which spotlighted how the tax code allows corporations to enjoy the benefits of American citizenship yet avoid paying U.S. taxes.

Aug 29 16:46

How global corporate tax rates compare:

Aug 29 16:03

The guy on left forgot to buy the dips:

Aug 29 15:40

IMF Approves 1.39 billion Bailout Payment to Ukraine

The International Monetary Fund on Friday approved the latest payment to Ukraine in its $17 billion bailout program, providing a critical boost to Kiev as it faces military, economic and political threats.

Aug 29 15:15

The Biggest Tax Scam Ever: How Corporate America Parks Profits Overseas, Avoiding Billions in Taxes

As Burger King heads north for Canada’s lower corporate tax rate, we speak to Rolling Stone contributing editor Tim Dickinson about his new article, “The Biggest Tax Scam Ever.” Dickinson reports on how top U.S. companies are avoiding hundreds of billions of dollars by parking their profits abroad — and still receiving more congressionally approved incentives.

Aug 29 15:02

Has Ukraine Shot Itself In The Foot With Gas Pipeline Deal?

Last week, Ukrainian Prime Minister Yatsenyuk pushed a bill through the Verkhovna Rada that would see his country’s gas transportation system sold off to a group of international investors. The provisions of the law would permit the transit of natural gas to be blocked. This decision may hurt the fragile industrial recovery in Germany and finish off Ukraine’s potential as a gas transit route to Europe.

Aug 29 14:53

HSBC awards 15 top bankers £7.1m in move to sidestep bonus rules

HSBC has given 15 of its top bankers “fixed pay allowance arrangements” worth £7.1m under a controversial new pay scheme designed to dodge tough new European Union rules on bankers’ bonuses.

Britain’s biggest bank awarded Samir Assaf, the head of its investment bank, £1.5m worth of shares, and chief executive Stewart Gulliver was given shares worth £850,000.

Peter Wong, deputy chairman and head of the Asia-Pacific region, was given £760,000 worth. Iain Mackay, finance director, and Marc Moses, chief risk officer, got £470,000 worth.

The awards are part of big banks’ plans to increase the basic pay of executives to sidestep tough new EU rules designed to clamp down on excessive bonuses.

Aug 29 14:48

George Osborne Continues Scamming The British Taxpayer

George Osborne has come under fire for refusing to share information about party guests attending his grace-and-favour country home.

The Treasury department has refused to provide any information, claiming the Buckinghamshire residence is for "private use".

Aug 29 14:40

Microsoft's Staggering Tax Dodge Alone Would Fund the Entire State of Washington for Two Years

Reading companies' annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though, there is a significant revelation in the paperwork. This year, one of the most important revelations came from Microsoft's filings, which spotlighted how the tax code allows corporations to enjoy the benefits of American citizenship yet avoid paying U.S. taxes.

Aug 29 14:11

Labor Day exhausted: 40-hour work week grows to 47-60 hours

The old “9 to 5” work week is becoming about as obsolete as the American Dream. A new Gallup poll finds that economically-stressed Americans are now working an “average” of 47 hours, with a growing number clocking 60 hours or more.

Aug 29 13:57

The Biggest Tax Scam Ever: How Corporate America Parks Profits Overseas, Avoiding Billions in Taxes

As Burger King heads north for Canada’s lower corporate tax rate, we speak to Rolling Stone contributing editor Tim Dickinson about his new article, "The Biggest Tax Scam Ever." Dickinson reports on how top U.S. companies are avoiding hundreds of billions of dollars by parking their profits abroad — and still receiving more congressionally approved incentives.

Aug 29 13:45

Woman working 4 jobs to make ends meet dies while napping in car between shifts

A New Jersey woman who worked four jobs, who sometimes “wouldn’t sleep for five days,” according to a co-worker, died Monday while napping between shifts in her car on the side of the road.

Aug 29 13:12

Europe closer to deflation as investors wait for ECB move

Europe edged closer towards the deflation abyss on Friday as the inflation rate across the single-currency bloc fell to a five-year low of just 0.3 per cent.

The latest decline — driven by falling food and energy prices — comes as the region attempts to shake off economic stagnation, and fuels calls for European Central Bank president Mario Draghi to launch a large-scale money-printing programme.

Draghi said last week the option was on the table to kick-start growth, but Germany signalled opposition to such a move today as finance minister Wolfgang Schaeuble warned the ECB “doesn’t have the instruments” to fight deflation. A sanctions war with Russia is meanwhile threatening economic prospects.

Aug 29 11:05

Almost There…

Aug 29 10:19

Poverty Capitalism in 2014 – Introducing Private Probation Companies

As N.P.R. reported in May, services that “were once free, including those that are constitutionally required,” are now frequently billed to offenders: the cost of a public defender, room and board when jailed, probation and parole supervision, electronic monitoring devices, arrest warrants, drug and alcohol testing, and D.N.A. sampling. This can go to extraordinary lengths: in Washington state, N.P.R. found, offenders even “get charged a fee for a jury trial — with a 12-person jury costing $250, twice the fee for a six-person jury.”

Webmaster's Commentary: 

In Sweden, they are emptying their prisons, because the sole focus is rehabilitation, and that approach is working close to perfectly.

But in the US, the prison-industrial complex is about profit, rather than rehabilitation, so the process - and profits - grind on. Talk about the inhumanity!!

Aug 29 09:54

How The US Militarizes The World’s Police, Not Just Ferguson’s

Since then, the world has watched the streets of Ferguson turn into a battleground, as heavily armed police officers fired tear gas, shot rubber bullets and pointed guns at protesters denouncing Brown’s killing.

“Solidarity with Ferguson,” tweeted Mariam Barghouti from Palestine. “Remember to not touch your face when tear gassed or put water on it. Instead use milk or coke.”

Numerous people — domestic and abroad — have expressed outrage at the militaristic response of local police against protesters, journalists, and people of color.

“Urban Shield plays a leading role in the globalization of repression.”

Since the protests erupted earlier this month, many have called into question the US Defense Department’s 1033 program, which allows surplus military equipment to be transferred to local police departments for counter-narcotics and counter-terrorism operations.

Webmaster's Commentary: 

Ultimately, the only way "security" is created is through meaningful work, at decent wages, coupled with lifetime education, and money which is created as a public utility, not a loan at interest upon its issuance.

Any other way, which consistently favors suppression as a way of snuffing out dissent, is ultimately doomed to failure.

Aug 29 09:11

BDS GAINING MOMENTUM IN EUROPE

The war in Gaza and its aftermath have inflamed opinion in Europe and, experts and analysts say, are likely to increase support for the movement to boycott, disinvest from and sanction Israel, known as BDS.

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