This is what your “adults in the room” have done. They have constructed a system of power, first domestically and then globally, the main purpose of which is to extract surplus labor from us to feed the rentiers they represent. In enforcing this system of power, they have inflected megadeaths on the world, and have no compunctions against inflicting more. The “adults in the room” are monsters. It’s time to take away their plaything – the American state – which they have used to wreak this destruction and mayhem on the world, and to make sure nobody else ever wields it again.Read more
The war in Syria did not begin when the government of Bashar al Assad cracked down on protestors in the spring of 2011. That version of events is obfuscating hogwash. The war began in 2009, when Assad rejected a Qatari plan to transport gas from Qatar to the EU via Syria.Read more
It’s no secret that industry funds such efforts today: An investigation in June, for example, showed how the National Confectioners Association worked with a nutrition professor at Louisiana State University to conclude that kids who eat sugar are thinner than those who don’t.
An article by University of California-San Francisco researchers, published Monday in JAMA Internal Medicine, shows how far back such efforts go: In 1965, the Sugar Research Foundation, the precursor to today’s Sugar Association, paid Harvard scientists to discredit a link now widely accepted among scientists – that consuming sugar can raise the risk of cardiovascular disease. Instead, the industry and the Harvard scientists pinned the blame squarely, and only, on saturated fat.Read more
Pharmaceutical executives who recently made a major donation to an anti-marijuana legalization campaign claimed they were doing so out of concern for the safety of children – but their investor filings reveal that pot poses a direct threat to their plans to cash in on a synthetic cannabis product they have developed.Read more
Well Fargo’s “sandbagger”-in-chief is leaving the giant bank with an enormous pay day – $124.6 million….
On Thursday, Wells Fargo agreed to pay $185 million, including the largest penalty ever imposed by the Consumer Financial Protection Bureau, to settle claims that that it defrauded its customers. The bank’s shareholders will ultimately have to swallow the cost of that settlement. The bank also said it had fired 5,300 employees over five years related to the bad behavior.
Tolstedt, however, is walking away from Wells Fargo with a very full bank account – and praise.Read more
Trade pacts like the North American Free Trade Agreement, i.e., NAFTA and the Trans-Pacific Partnership, i.e., TPP, are effectively trading blocs which are motivated by a combination of large corporate interests and global political interests. The United States government is pushing forward the interests of big American corporations, but is also seeking to isolate nations such as China and Russia who are organizing to challenge US global hegemony.
The combination of trade blocs and political alliances is what reduces trade, increases conflict, and can even result in horrific wars.Read more
Of course just about the whole structure of the capitalist system as it’s existed for the past five hundred years – not to mention the monopoly capitalist system we’ve had for the past 150 or so – has “everything to do with politics and nothing to do with laissez-faire economics.”Read more
Over the past few years, billionaires have unilaterally shut down a popular newsite, pushed common core on the Department of Education and steered candidates to a hardline position on Israel. Now one Texas-based billionaire (who began amassing his fortune at Enron) has singlehandedly spearheaded a massive spying program – secret until now – in a city 1500 miles away from where he lives.Read more
Emails just released by the State Department appear to show Clinton Foundation officials brokering a meeting between then-Secretary of State Hillary Clinton and a top military leader of Bahrain – a Middle Eastern country that is a major foundation donor. Soon after the correspondence about a meeting, Clinton’s State Department significantly increased arms export authorizations to the country’s autocratic government, even as that nation moved to crush pro-democracy protests.Read more