MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT
Since the great Wall Street bank and financial firm swindle that led to a crash of the US economy in 2008, BuzzFlash has published many an article about the failure of the US Department of Justice (DOJ) to criminally charge banks or executives for practices that led to the economic meltdown.
Yes, the Department of Justice has levied several of the "too big to fail banks" with large fines. But these fines, even if they are over a billion dollars in some cases, are written off by the banks as the cost of doing business - and in many cases, they are literally written off as tax-deductible expenses for the year that they are paid in. Although the Department of Justice has also negotiated companion agreements to curtail harmful banking practices (in addition to the fines), it is not yet clear how vigorously it will enforce them.
In addition, the Securities and Exchange Commission (SEC) has levied fines against Wall Street banks in relation to the economic crash and ongoing violations of banking regulations, but the SEC is limited by law to civil - and not criminal - enforcement.
In short, Wall Street emerged from the 2008 near-collapse of the US economy more profitable than ever as a result of a taxpayer bailout - and then what amounted to a financial slap on the wrist from US government enforcement agencies.
HARVEY WASSERMAN OF ECOWATCH ON BUZZFLASH AT TRUTHOUT
Given that Japan’s authoritarian regime of Shinzo Abe has cracked down on the information flow from Fukushima with a repressive state secrets act, we cannot know for certain what’s happening at the site.
We do know that 300 tons of radioactive water have been pouring into the Pacific every day. And that spent fuel rods are littered around the site. Tokyo Electric power may or may not have brought down all the fuel rods from Unit Four, but many hundreds almost certainly remain suspended in the air over Units One, Two and Three.
We also know that Abe is pushing refugees to move back into the Fukushima region. Thyroid damage rates—including cancer—have skyrocketed among children in the region. Radiation “hot spots” have been found as far away as Tokyo. According to scientific sources, more than 30 times as much radioactive Cesium was released at Fukushima as was created at the bombing of Hiroshima.
Some of those isotopes turned up in at least 15 tuna caught off the coast of California. But soon after Fukushima, the U.S. Food & Drug Administration stopped testing Pacific fish for radiation. The FDA has never fully explained why.
BILL QUIGLEY FOR BUZZFLASH AT TRUTHOUT
Seven Nobel Laureates in Economics endorse the higher minimum wage to $10.10 by 2016, saying it does not lead to lower fewer jobs.One:
Two: Job losses from raising the minimum wage are negligible. Minimum wage has already been raised 23 times. Every time it was raised it was opposed by some few who said “it is going to lose jobs and wreck the economy” which is factually untrue as study after study has proven.
Three: It is a myth that small business owners can't afford to pay their workers more, and therefore don't support an increase in the minimum wage. In fact, a June 2014 survey found that more than 3 out of 5 small business owners support increasing the minimum wage to $10.10.
Four: The value of the minimum wage has fallen dramatically. Since the minimum wage was last raised in 2009, the price of apples went up 16%, bacon 67%, cheddar cheese 21%, coffee 27%, ground beef 39%, and milk 21%. The minimum wage went up 0%. Plus, in the 1960s the minimum wage was essentially half the average wage. If that was still the case it would be $12.50 an hour.
Five: Saying we have a “free market” that will take care of workers is a myth. No corporations rely on the mythical “free market,” why should workers? Corporations lobby like crazy all the time in Washington DC and before every state and local government for direct and indirect public assistance. All levels of government provide widespread corporate welfare so why not provide some help to low wage workers? Examples? The Wall Street bailout cost over $200 billion. Fifty billionaires received taxpayer funded farm subsidies in past 2 decades. Corporate jet subsidy is $3 billion a year. Special tax breaks for hedge fund managers allow them to pay only 15% tax rate, while the people they invest for pay twice that much and their secretaries pay a higher percentage. The home mortgage deduction is $70 billion a year, with 77% going to people with incomes of over $100,000 per year. Giving workers more money is small potatoes compared with what corporations and the rich are receiving all the time.
MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT
The Koch Brothers, the most noted billionaires in the crusade to corral US democracy into an oligarchy, are back in the news for their funding of climate-denial flummery. In this case, according to The Guardian, they are making news for not revealing how much money they have invested in trying to debunk the reality of global warming:
The Koch brothers’ conglomerate Koch Industries has refused to comply with an investigation by three Senate Democrats into whether the company has funded groups or researchers who deny or cast doubt on climate change.
In response to a request from senators Barbara Boxer, Edward Markey and Sheldon Whitehouse for information about Koch Industries’ support for scientific research, Koch general counsel Mark Holden invoked the company’s first amendment rights.
Notice how the Koch Brothers attorney stresses "first amendment rights" for Koch Industries. This claim of corporate personhood echoes the plutocratic majority opinion in Citizens United: the opinion that companies have the same rights as individuals in elections. Only in this case, the notion of businesses being persons is applied to the funding of propaganda to elevate climate denial into a scientific theory.
MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT
The concept that the North of the United States is less racist than the South should be regarded as a relative judgment only. After all, racism afflicts the history of the United States and is institutionalized into its social hierarchy. The US was built on racist cruelty and barbarism - most notably in the near extermination of Native Americans by Whites and the in the ineffably gruesome and ignoble institution of slavery and all the horrors that accompanied it.
As BuzzFlash has pointed out before, the North was hardly entirely abolitionist during the ante-bellum period. Many lucrative northern businesses - such as textiles and ship building - profited from the processing of cotton picked by slaves and from the illicit transport of slaves (many of whom died in what was known as the "middle passage") from Africa to the Western Hemisphere. Other industries in the North also prospered from slavery, including banks.
The North also shared many racist attitudes with the South, just not always as visibly. Certainly one could easily see racism in action in large Northern cities as most Blacks were confined to living in segregated parts of cities and attending segregated schools, among other denials of rights and economic opportunity.
There is no dearth of historical evidence attesting to racism in the North. One example are the years 1919-20 when racial riots spread across the Northern US (and the South) following WW II. The "red summer" of 1919 carried over into 1920, and on June 15, three Black "roustabouts" for a circus performing in Duluth, Minnesota, were lynched by a White mob estimated in the thousands by the Minnesota Historical Society.
According to the Historical Society:
In the early morning of June 15th, Duluth Police Chief John Murphy received a call from James Sullivan's father saying six black circus workers had held the pair at gunpoint and then raped Irene Tusken. Little evidence would be found to corroborate these claims. An examination of Tusken that morning by Dr. David Graham, a family physician, showed no physical signs of rape or assault.
ECOWATCH ON BUZZFLASH AT TRUTHOUTJEFF BIGGERS OF
This article was reprinted with permission from EcoWatch.
With mountaintop removal mining on the ropes, as the last bank financiers ditch lending support amid new scientific research that demonstrates “solid evidence that dust collected from residential areas near mountaintop removal sites causes cancerous changes to human lung cells,” residents from across central Appalachia’s coal country are converging today on the West Virginia Department of Environmental Protection headquarters in Charleston to demand an end to new permits.
A day of reckoning is arriving in Appalachia.
In the aftermath of last year’s world attention on the state’s handling of the coal chemical disaster on Elk River, and with the once invincible “dark lord” of mountaintop removal Don Blankenship facing criminal conspiracy charges, a renewed coalition of citizens groups called the People’s Foot movement is confronting state and federal agencies directly for their complicity in ignoring the growing and indisputable evidence on health damages from mountaintop removal mining.
PAUL BUCHHEIT FOR BUZZFLASH AT TRUTHOUT
There's something perversely wrong with a society that creates $30 trillion in new wealth while putting six million more children on food stamps.
The mainstream media rarely publishes facts like this. The super-rich keep building up their own numbers, as quietly as possible. And our leading members of Congress have little need for numbers, except for budget cuts and the strings of zeros at the end of their campaign contributions.
But numbers have the power to reveal the dramatic fall of the middle class over the past 35 years.
1. 138,000 Kids Were Homeless While 115,000 Households Were Each Making $10 Million Per Year
Recent data has shown that the richest .1% (115,000 households) have each increased their wealth by an astonishing $10 million per year. As they counted their money on a frigid night in January, 138,000 children, according to the US Department of Housing, were without a place to call home.
ANASTASIA PANTSIOS OF ECOWATCH ON BUZZFLASH AT TRUTHOUT
That’s according to a new report, Wind Vision: A New Era for Wind Power in the United States, released today by the U.S. Department of Energy (DOE) Wind and Water Power Technologies office. It updates a study released in 2008 under President George W. Bush, taking into account changes that have occurred in the energy industry since then, with improved technologies making wind more reliable and cost-effective. The 286-page report outlines the wind industry’s assets and the challenges it faces in its efforts to increase its share of the total energy portfolio, as well as the positive benefits for the public and the environment of doing so. It provides a key piece of President Obama’s Climate Action Plan.
“The wind industry can be characterized by the substantial growth of domestic manufacturing and the level of wind deployment seen in recent years,” says José Zayas, director of the DOE Wind and Water Power Technologies office. “Wind power systems are now seen as a viable and competitive source of electricity across the nation. Wind power’s emerging role is an important option in a portfolio of new energy solutions for future generations.”
STEVEN JONAS FOR BUZZFLASH AT TRUTHOUT
Your Republican Party today is some spectacle, is it not? Its House of Representatives dips into foreign policy. As is well known, it invites the Prime Minister of a foreign country to make a speech that serves two purposes: campaigning against the US President's present foreign policy and campaigning for re-election in an increasingly tough battle in his home country. Since he offers no alternatives to the proposed policy of the US President, it cannot serve any purposes other than dual-campaigning.
Its Senate then sends an "Open Letter" to Iran. Since it was not actually sent to anyone in Iran by post or diplomatic pouch (which would have had to go through the State Department and the U.S. "Interest Section" in the Swiss Embassy in Tehran, a totally unlikely occurrence), it is actually not a "letter" as such, but rather an Op-Ed piece. Again, it offers no alternatives to the present policy of the President, and it says nothing about how US foreign policy works that any student of it doesn't already know (and there are several of those on the Iranian side in the negotiations). Thus it too is nothing more than part of the Republican campaign against President Obama that began on the evening of President Obama's Inauguration on January 20, 2009. Actually Mitch McConnell had announced in December, 2008 that he "would filibuster any bill I didn't like."
(It is too bad that President Obama has failed for so long to take heed of these very clear announcements of total non-cooperation but continued to press until very recently the failed Democratic Leadership Council [and its "centrist" successors] policy of "finding the middle ground," when clearly none exists, or has ever existed. According to New York magazine's Johnathan Chait, he finally has done so).
The same Mitch McConnell announced just the other day that he "is urging governors to defy President Obama by refusing to implement the administration's global warming regulations." It happens that 12 states with Republican governors have already filed lawsuits against the Environmental Protection Administration's announced new regulations intended to do at least something about the ongoing tsunami of human-caused global warming/climate change [http://www.truth-out.org/buzzflash/commentary/the-climate-change-deniers-hall-of-infamy]. But that is not good enough for McConnell. The law be damned. Here is the most senior elected Republican legislator telling (Republican) Governors to just go ahead and defy the law, the EPA, and the President. (Funnily enough, the EPA was originally established by none other than Richard Nixon. And, get this [something I didn't know], he did it by Executive Order [!!!], which was eventually ratified by Congress. Talk about Republicans changing over time.)
MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT
Christmastime is the worst.
That's when TV advertising, sappy television shows, holiday music and politicians all parrot the theme of a time of peace and goodwill toward all. Of course, the real national purpose of the end-of-year holiday season is the jingle of cash registers and fattening of corporate profits - along with vacations in tropical settings or skiing for those who can afford them.
Come January 1, however, after the football games are over and the last beer is drunk, the United States is off to another year of waging war.
The National Priorities Project, which keeps running expenditure tabs on the costs of war, estimates that the US has now spent nearly $1.7 trillion on wars since 2001. A spokeswoman for the National Priorities Project told BuzzFlash that approximately $823 billion has been spent on the Department of Homeland Security since its creation after 9/11. She also mentioned a Washington Post article from 2013 that estimated the CIA budget at $14.7 billion. Pentagon spending alone - which comprises more than half of the US budget each year - rings in at $554 billion for 2015. To be fair, a lot of this funding overlaps, but the behemoth financial interests of the "war industry" are readily apparent from these figures. Furthermore, these estimates do not include agencies such as the State Department and many unknown "black budget" programs and smaller war and surveillance allocations.
The number of people who rely on war and "intelligence gathering" for their incomes and/or profit is enormous.