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Member since: Sun Jul 31, 2011, 05:36 PM
Number of posts: 5,005

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The real problem isn't price; it's politics ...

Meet Cannibalistic Capitalism: Globalization's Evil Twin

"Out of the frying pan, into the fire" is an apt description of our current place in history. No matter what you think of globalization and economic growth, I believe we'll soon discover that capitalism without them is much, much worse.

Of course, no one has to convince establishment economists, politicians and pundits that the absence of economic growth spells trouble. They've always extolled globalization as the Viagra of economic growth. But globalization has never been popular with everyone. Many believe that capitalism generates tremendous wealth and power for a tiny fraction of the Earth's seven billion people, makes room for some in the middle class, but keeps most of humanity destitute and desperate, while trashing the planet and jeopardizing human survival for generations to come.

A loose alliance of ecology and labor activists, small farmers, indigenous peoples and human rights advocates has disrupted international economic summits for many years. They say malignant capitalism demolishes habitats and poisons ecosystems, wreaks havoc with the climate, destroys indigenous cultures, pushes farmers off their land and into slums and erodes wages by pitting desperate workers around the globe against one another. At annual World Social Forums, these social movements voice their opposition to globalization and growth and unite around the belief that "Another World Is Possible!" They work toward the day when neoliberal globalization is replaced by a more democratic, equitable, Earth-friendly society.

Since globalization is so damaging, most activists assume that any future without it is bound to be an improvement. But now, it appears that this assumption may be wrong. In fact, for all of its depredations, future generations may someday look back on capitalism's growth phase as the halcyon days of industrial civilization, a naïve time before anyone realized that the worst was yet to come.



Americans got poorer as Congress' wealth doubled

SALT LAKE CITY -- The financial divide between Americans and their lawmakers in Congress, which was wide a generation ago, is even wider now.

The Washington Post examined the net worth of members of the U.S. House of Representatives using financial disclosures. The newspaper found that while the wealth of an American family went down a bit since the mid-80s, precisely the opposite has been happening for the nation's lawmakers.

Over the last twenty five years, the median net worth of a member of the House more than doubled, to nearly three quarters of a million dollars.

In the wake of the financial crisis the U.S. saw political protests: First, the Tea Party, later, the Occupy Wall Street movement. A theme common to both was a disconnect between the nation's leaders and the average person.



Another one bites the dust....

Ohio Republican to retire from Congress, citing gridlock

Reuters) - Representative Steven LaTourette, an Ohio Republican, announced on Tuesday he will retire from Congress, citing the lack of compromise in Washington.

LaTourette, a moderate who has been in office since 1995, told reporters Tuesday that the partisan climate in Congress has put a strain on him.

"I do feel that the current climate has increased the toll that it takes on the person," LaTourette said.

Ohio Republican Party Chairman Robert Bennett said in a statement Tuesday that LaTourette is a "proven leader with a lifetime of service" who "will be missed by all Ohioans." Republican leaders must choose a new candidate for the November election.

LaTourette's comments echo remarks made this year by U.S. Senator Olympia Snowe of Maine, a moderate Republican who decided to retire, citing the "atmosphere of polarization" in Congress.



Relatable Romney sounds like someone you’d want to get a beer with, right?


Breaking: Geoff Davis Resigns From Congress

Rep. Geoff Davis (R-Ky.), who had already announced his retirement, announced late today that he would resign immediately to deal with a “family health issue.”

Gov. Steven Beshear (D) can call a special election as early as five weeks after the seat is certified as vacant, but given that the general election is less than 100 days away, insiders expect him to call the special election for Nov. 6, the same day as the general election.

Davis’ resignation is thus likely to leave the northern Kentucky seat vacant until November, when Thomas Massie, the GOP nominee for the safe Republican 4th district, will likely to be elected both in the special and general elections. That would allow him to be seated immediately.


Before Deadly Bulgaria Bombing, Tracks of a Resurgent Iran-Hezbollah Threat

After a decade in which al Qaeda dominated the world stage, the global terror threat from Iran has escalated sharply, generating a swarm of recent plots from Delhi to Mombasa to Washington and signaling an aggressive new strategy, counterterror officials say.

But there were meager results until this month. On July 18, a suspected suicide bomber killed six people and wounded 30 aboard an Israeli tourist bus in a coastal town in Bulgaria. Israel quickly accused Hezbollah and Iran, longtime sponsor of the Lebanese Shiite militant group. Many questions remain about the bombing, and Bulgarian authorities have said they do not have proof implicating Hezbollah so far. Nonetheless, many Western counterterror officials share Israel's suspicions.

If the allegations are true, Iran and Hezbollah have crossed a dangerous line with their first strike in Europe in more than 15 years. The repercussions are stoking more turmoil in a Middle East torn by civil war in Syria and conflict over Iran's nuclear ambitions.

ProPublica has reviewed a string of plots attributed to the Shiite alliance, 10 cases in the past year alone, and found a complex and contradictory evolution of the threat. Iran and Hezbollah have waged a determined campaign to strike their enemies in retaliation for attacks on the Iranian nuclear program and the killing of a Hezbollah chief, counterterror officials say. The offensive led by the Quds Force, Iran's elite foreign operations unit, has displayed impressive reach and devastating potential.



Good in depth article on Hezbollah threat ....

Mitt Romney should have stayed home

Maybe Mitt Romney should have just stayed in London and watched the dancing horses.

Or just stayed home. Even though his recent trip to England was largely a public relations disaster, he made a more serious mistake in his next stop, Israel, and got a major rebuff in his last stop, Poland.

The whole trip reminds me of Richard’s Nixon pledge in 1960 to campaign in all 50 states, forcing him to waste the weekend before the election flying to Alaska (whose three electoral votes were hardly critical) instead of campaigning in states that might have given him a victory over John F. Kennedy.

Romney’s trip abroad in the waning months of this presidential campaign had three goals: establish his credibility on foreign policy while in England, woo the Jewish vote while in Israel and entice Catholic voters while in Poland.

In retrospect, he should have spent the time in Ohio, Virginia and Florida, all of which I think he needs to win in order to beat President Barack Obama.


Romney praises Poland, where they have universal healthcare and free higher education ...

Romney Praises Poland’s Economy, Where Government Plays A Larger Role Than The U.S.

Visiting Poland for the final leg of his gaffe-filled trip abroad, Romney praised how the nation has “lifted the heavy hand of government” to become one of the fastest growing economies in Europe.

The problem with Romney’s speech, however, is that the the Polish government plays a larger role in its economy than the U.S. government plays here.

The Associated Press noted that the reality of Polish government spending doesn’t match Romney’s rhetoric:

While it’s true that Poland is one of Europe’s fastest-growing economies and boasts dynamic entrepreneurs, Romney’s depiction of Poland as a place of small government is debatable. Even 23 years after throwing off a communist command economy, the Polish government continues to have a strong presence in people’s lives: it gives women $300 for each baby they have, doubling that sum for poor families; it fully funds state university educations; and it guarantees health care to all its 38 million citizens.



I cannot stop laughing today ... it has just been one of those news days ....

Pastor compares Obama to Judas over same sex marriage

Source: Raw Story

Rev. Williams Owens, founder of the Coalition of African-Americans Pastors, on Tuesday compared President Barack Obama to Judas, the apostle who betrayed Jesus for thirty pieces of silver in the Bible.

“The President is in the White House because of the civil rights movement, and I was a leader in that movement, nd I didn’t march one inch, one foot, one yard for a man to marry a man or a woman to marry a woman,” he said at the National Press Club.

“So the President has forgotten the price that was paid,” Owens continued. “People died or they suffered or they gave their blood to have equal rights in the United States. And for the homosexual community and for the President to bow to the money, as Judas did with Jesus Christ, is a disgrace and we are ashamed. We will not take it back. We will not back down. We are going to take action across this country to change the course that this President has us in.”

Owens, who consults with the National Organization for Marriage (NOM) as a liaison to black churches, has launched a national campaign urging African-American voters to oppose the reelection of Obama.

Read more: http://www.rawstory.com/rs/2012/07/31/pastor-compares-obama-to-judas-over-same-sex-marriage/?utm_source=twitterfeed&utm_medium=twitter

Suckle your baby at your teet mothers ... the word for the day is .. BREASTFEED ...

I think the heat is on, in more ways than one ....
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