It looks like federal regulators have decided to let a top investment bank executive off lightly after she and her bank manipulated the energy markets so that the states of California and Michigan ended up paying $83 million in “excessive” payments to her employer JPMorgan Chase. [Read more…]
In my post on former president Carter expressing support for what Edward Snowden did and adding that “America has no functioning democracy at this moment”, I expressed surprise that there has not been a huge outcry over the remarks. Indeed, while Carter said this at a closed-door function in Atlanta, it was a German magazine Der Spiegel that first reported it. I wondered if Carter would walk back his statements but he has not done so, so we have to assume his stands by his remarks. [Read more…]
Scott Horton looks closely at the parallels and differences between what the NSA has been caught doing and what the East German secret police Stasi did during the Cold War.
The fact that such comparisons are being seriously discussed shows how deep is the rot.
It is a familiar sight to long-time political watchers. The government finds itself caught doing something illegal or unacceptable or lying or pursuing indefensible policies. It then starts using contorted language to avoid acknowledging what is obvious on its face to even a casual observer. At that point, press briefings turn into what looks like comedy sketches as one or two of the more independent-minded reporters try to get the official spokespersons to acknowledge facts and the latter try to avoid doing so by either stretching the meaning of words beyond all reason or stonewalling and repeating the same trite phrase over and over again. [Read more…]
Now that Frank Lautenberg has died, the race is on to replace him for the New Jersey senate seat. In that reliably Democratic state (Republican Chris Christie’s election as governor notwithstanding) whoever wins the Democratic party nomination in the primary in August will likely become senator at the special election in October. [Read more…]
The story of Samantha Power, president Obama’s nominee to be US Ambassador to the UN, provides a telling example of how the political and media system filters out those who do not conform to the narrow spectrum of views required to rise in either government or the media. [Read more…]
I have my own personal gauge of how well the Obama propaganda system is working. It consists of my social circle, almost all of whom are strong Obama supporters. They read newspapers, watch a lot of CNN and MSNBC, and despise Fox News. They see themselves as well-informed about current events and politics. So whenever there is an occasion when many of them are gathered together, I usually raise a current topic to see what their reaction is. [Read more…]
M. J. Rosenberg says that Israeli prime minister Benjamin Netanyahu is ramping up the rhetoric on US media and that Iran now plans to actually launch a military attack the US, and the Israel lobby led by AIPAC is joining him in urging that the US take military action against Iran or at the least impose even greater sanctions against that country. [Read more…]
You know what is a major problem with most religions? They are killjoys. The thought that people are engaging in enjoyable acts somehow bothers them, hence the prohibitions against ordinary pleasurable activities like eating, drinking, singing, dancing, films, sex, and contraception (because it allows people to have more sex). Most of the time these prohibitions stay is the realm of the laughable and absurd but sometimes become deadly. [Read more…]