How To Lessen The Grip Of Terrorism
Posted on May 6, 2013 in Political Cartoons
Squawks and shrieks don’t calm babies; why would they sooth the fears of Americans?
Matt Taibbi On The Biggest Financial Scandal Yet
Posted on May 6, 2013 in Articles
The Article: Everything Is Rigged: The Biggest Financial Scandal Yet by Matt Taibbi in Rolling Stone.
The Text: Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything.
You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets.”
That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.
The Growing Face Of Hunger In America
Posted on May 5, 2013 in Videos
After one Michigan GOP subcommittee revealed that they’d deny food to over two hundred thousand people when the state is already riddled with a whopping 8.9% unemployment rate, here’s a look at the reality of food stamps in the United States.
The Most Staggering Photos Of The Syrian Civil War
Posted on May 5, 2013 in Images
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The Sunni-led rebellion has been in full swing for over two years now without an end in sight. What we can see, however, are cities in ruin and the human spirit on the verge of collapse.
Ralph Nader On The Bush Legacy
Posted on May 5, 2013 in Articles
The Article: He Is Comfortable with Bush’s Inferno by Ralph Nader in Common Dreams.
The Text: George W. Bush is riding high. A megamillionaire, from the taxpayer-subsidized Texas Rangers company, he makes $150,000 to $200,000 per speech, receives a large presidential pension and support facilities and is about to dedicate the $500 million George W. Bush Presidential Library and Museum on April 25.
President Obama will be at the dedication, continuing to legitimize Mr. Bush, as he did from the outset by announcing in 2009 there would be no investigations or prosecutions of the Bush officials for their crimes.
In an interview with the New York Times, Mr. Bush continued to say he has no regrets about his Presidency. “I’m comfortable with what I did,” he said, “I’m comfortable with who I am.” He added, “Much of my presidency was defined by things that you didn’t necessarily want to have happen.”
