Wall Street

Cross-Posted from FireDogLake

On September 9, former Central Intelligence Agency (CIA) Director David Petraeus -- who also formerly headed the North Atlantic Treaty Organization’s (NATO) International Security Assistance Force for operations in Iraq and Afghanistan and co-wrote the Counterinsurgency Field Manual -- began a new job as an adjunct professor at City University of New York (CUNY) Macaulay Honors College.

By Dave Lindorff

Like an obnoxious drunk harassing everyone and spilling drinks at a party, the US has continued to make itself both loathed and laughed at in the wake of the revelations about the National Security Agency’s global spying program as revealed by NSA leaker Edward Snowden. 

By John Grant

The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted.
-- D.H. Lawrence

By Dave Lindorff

It's hard to know whether to laugh or cry as the US goes all out to get its hands on National Security Agency whistleblower Edward Snowden.

By Dave Lindorff

Would you be shocked to learn that the FBI apparently knew that some organization, perhaps even a law enforcement agency or private security outfit, had contingency plans to assassinate peaceful protestors in a major American city — and did nothing to intervene?

By Dave Lindorff

Just for the sake of argument, let's suspend our disbelief for a moment and pretend (I know it's a stretch) that the Obama administration and the apologists for the nation's spy apparatus in Congress, Democratic and Republican, are telling us the gods' honest truth.

  The KGB alumni portion of the following, which sounds realistic, is actually fiction;  the NSA portion, which sounds like science fiction, is actual news from the real world.

It’s June again, and around the globe, in the northern hemisphere, alumni groups are gathering.  In Russia, the KGBAA (KGB Alumni Association)--former officials of the Soviet Union’s “Committee for State Security”--held their annual reunion this week at the Black Sea resort city of Sochi, nearly 22 years after the agency’s dissolution in 1991.  

 This one takes a look at the offshore tax shelters which corporations use to avoid hundreds of billions of dollars of tax liability, thereby leaving... you and me... to carry the load, while our country sinks deeper into debt.

By Dave Lindorff

Some on the left are writing hopefully these days that perhaps President Obama has finally realized he needs to back off on his warlike posture on drones and the War on Terror. They are seeing his talk about scaling back the use of drone killing machines and of reconsidering or “investigating” recent Justice Department attacks on the press and its use of leaks by government whistle-blowers, as a sign that he is perhaps regaining his constitutional senses and perhaps even “moving” to the left to rebuild support he has been losing in droves.

By Dave Lindorff

An article by TCBH! journalist Dave Lindorff in the May issue of  American Banker magazine details how the mission of microlending has gotten off track, and why helping impoverished women is getting harder to do.
 

By Dave Lindorff

What’s wrong with the Obama administration’s proposal to change the way Social Security checks are adjusted for inflation from using the Consumer Price Index (CPI) to instead using something called a “chained” CPI?

Let’s start with the fundamental problem: Social Security is not a cause of the federal budget deficit, and will not be for years, even if nothing is done to raise more revenue for the program.

By Dave Lindorff

Note from TCBH: Manhattan island hosts the headquarters of four of the nation's five biggest "too-big-to-fail" banks: Goldman Sachs, Morgan Stanley Smith Barney, JP MorganChase, and Citi Group. US Attorney General Eric Holder has stated publicly in Congress that he has no intention of seeking criminal indictments of these banks or their top executives -- or even their middle-ranking executives for that matter -- despite the myriad frauds, scams and schemes they've all engaged in, like robo-signing mortgage documents and touting derivatives that they were privately calling "sh*t," all of which led to the crashing of the US and global economies.

By Dave Lindorff

Hold everything!

I mean it. Stop talking about cutting school budgets, Social Security benefits, Medicare, Veteran’s pensions. Stop cutting subsidies to transit systems, to foreign aid. Stop cutting unemployment benefits. Stop it all.

By Dave Lindorff

What is wrong with America?

Big question.

Simple answer.

By Dave Lindorff

The all-out assault on Social Security has begun.

The set-up for the big battle was the Fiscal Cliff charade. That hyped drama in the last days of December was a moment of truth for the Democratic Party and for President Barack Obama to make it clear whether they were still defenders of the New Deal legacy, or whether they were ready to toss Social Security overboard on behalf of the party’s new constituency: the Wall Street gang.

By Dave Lindorff

New documents obtained from the FBI and the Department of Homeland Security by the Partnership for Civil Justice and released this past week show that the FBI and other intelligence and law enforcement agencies began a campaign of monitoring, spying and disrupting the Occupy Movement at least two months before the first occupation actions began in late September 2011.

By Dave Lindorff

Okay, the etch-a-sketch vulture capitalist who would have given us four years of that smarmy missionionary-at-your-door smile, was thankfully sent packing by the voters, and Barack Obama gets four more years in the White House.

By Dave Lindorff

We know that there isn't much "Hope" for "Change" -- at least for progressive change -- should President Obama win a second term as president.

Even when he had the chance, with Democratic majorities in both houses of Congress during the first two years of his presidency, and with a solid mandate from the voters to act on restoring civil liberties, taking significant action against climate change, ending the wars and defending Social Security and Medicare, he did nothing.

By Linn Washington, Jr.

After spending much of her 94-years as a civil rights activist this Washington, DC resident is understandably supportive of the Barack Obama presidency because she like many African-Americans never thought she’d ever see a black man sitting in that Oval Office seat designated for the most powerful person on earth.

One thing you can say about the financial industry. It has no sense of loyalty.

By Dave Lindorff

If you want to know how moribund the Democratic Party is, how completely owned by Wall Street the president is, and how sick our national politics have become, just consider Social Security.

By Dave Lindorff

We’ve all heard it said by our teachers when we were in school, we’ve all heard it said by politicians, including presidents: “Democracies don’t start wars.”