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Congressional Climate Bills - Stealth Schemes to Raise Energy Prices and Enrich Wall Street

May 18th, 2010

by Stephen Lendman

On June 26, 2009, HR 2454: American Clean Energy and Security Act of 2009 (ACESA) passed, purportedly "To create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy."

In fact, it lets energy polluters raise prices for huge windfall profits and gives Wall Street a bonanza through carbon trading derivatives speculation. Catherine Austin Fitts' Solari.com blog explained it last July in her article titled, "The Next Really Scary Bubble" is coming, saying:

"If you think the housing and credit bubble diminished your financial security and your community, or the bailouts, or the rising gas prices did as well, hold on to your hat" for what's ahead. "Carbon trading is gearing up to make the housing and derivative bubbles look like target practice," or in other words, be the mother of all scams, courtesy of administration, House and Senate collaboration with Wall Street and the energy giants.

Full story »

The Terminator 'Soaks the Poor'

May 17th, 2010

by Len Hart, The Existentialist Cowboy

The terminator has terminated futures for some 1.3 million citizens with sweeping budget cuts that affect only the poor. The terminator's cuts eliminate CalWorks, the state's main welfare program. Some 1.3 million --one million of which are children who will be left to fend for themselves with little choice but to turn to crime.
The rest will be unemployed, cut off, some left to starve or turn to crime. Is this what the GOP has mind? Is this an opportunistic move to fill up the corporate-owned prison, like those in Texas, in which every child that is left behind? Is this a deliberate move to provide 'corporate-persons' with slave labor because the 'state' has refused to support education?

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America's Five Most Corrupt Capitalists (LOL)

May 17th, 2010

By Robert Singer

I just got another one of those, “must read emails to reinforce what I am suppose to know” from our friend J.J. Citizen aka Joey Aqui.

“Read an article at AlterNet:
 America's Ten Most Corrupt Capitalists (In the O'Bummer administration), posted on May 13, by Zach Carter.

Zach Carter is an economics editor at AlterNet and a fellow at Campaign for America's Future.

Zach writes:

“The financial crisis has unveiled a new set of public villains—corrupt corporate capitalists who leveraged their connections in government for their own personal profit. During the Clinton and Bush administrations, many of these schemers were worshiped as geniuses, heroes or icons of American progress. But today we know these opportunists for what they are: Deregulatory hacks hellbent on making a profit at any cost. Without further ado, here are the 10 most corrupt capitalists in the U.S. economy.”

As you would expect all Ten of them are connected to the U.S. Treasury Department and the private credit monopoly of rich and predatory moneylenders (The Federal Reserve), that creates our money out of “thin air” and makes us pay interest on it.

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BP needs a new logo

May 17th, 2010

Mary Shaw

I used to think that BP was rare among oil companies, because its ads expressed a concern for the environment, and the company was allegedly also working on alternative energy sources. I believed the PR and fell for the green-and-sunny-looking logo. After all, BP's website talks about how the company is invested in the development of wind, solar, and hydrogen energy, biofuels, and carbon capture and storage.

But then my bubble burst.

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Too Big to Exist - Big Oil

May 16th, 2010

Michael Collins

There is no viable solution insight for the out of control oil gusher in the Gulf of Mexico. The stunning failure of British Petroleum (BP) raises the question - are these oil giants too big to exist? Are they too dangerous to function in our presence? BP has four permanent deep water structures and 28 boreholes operating at a water depth of greater than 5000 feet in the Gulf of Mexico. What's next?

British Petroleum (BP) had the resources to drill the well but lacked the planning and ability to deal with its failure. The oil giant's performance inspired ridicule by Jon Stewart in a recent Daily Show comment ("There will be blame"). The White House was not amused, however. Nobel Prize winning physicist and Secretary of the Energy, Steven Chu, is now in Houston with a team of cutting edge scientists tasked with mentoring BP and devising a viable solution as the oil giant continues to falter.

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Big oil, government long secreted license to kill

May 16th, 2010

Edited excerpt by Carolyn Bennett

Apropos this latest human and environmental catastrophe caused by a long train of deliberate failures in U.S. constitutional governance - failure to provide for the common defense, promote the general welfare, and secure liberty for this and future generations - Charlotte Dennett's reporting on the context of oil seems ripe for thought. Dennett wrote "The war on terror and the great game for oil: how the media missed the context" chapter in Kristina Borjesson's edited collection Into the Buzzsaw: Leading journalists expose the myth of a free press.

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The Panic is On!

May 16th, 2010

by Keith Johnson

"What this Country is coming to I sure would like to know, If we don't do something bye and bye, The rich will live and the poor will die, Doggone, I mean the panic is on!" - Song from the Great Depression

As the Great Depression of the 1930’s was getting underway, President Herbert Hoover refused to acknowledge it. In the weeks following the events of Black Tuesday, Hoover called the economy "fundamentally sound.” Months later, he still insisted that the strength of the American economy was “unimpaired.” However, by 1931 he could no longer hide the truth. With the economy in shambles, Hoover was forced to declare that America was indeed in a ‘depression’. He chose the word ‘depression’ because he believed it to somewhat innocuous and far less provocative than terms like ‘panics’ or ‘crises’ that had previously been used to refer to significant economic downturns.

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Mark of the Beast: Obama’s latest Monsanto pick, Elena Kagan

May 16th, 2010

By Rady Ananda

First, we spit out our coffee over President Obama’s appointments of former Monsanto goon Michael Taylor as Food Safety [sic] Czar and ‘biotech governor of the year’ Tom Vilsack as Secretary of Agriculture. Then we choked on our grits when he made Monsanto lobbyist, Islam Siddiqui, the US Ag Trade Representative. Now, the real food movement has completely lost its appetite with Obama’s nomination of Monsanto defender, Elena Kagan, to the US Supreme Court.

In December 2009, in her capacity as Solicitor General, Kagan intervened in the first case on which SCOTUS will rule involving genetically modified crops, Monsanto v Geertson Seed. She defended Monsanto’s fight to contaminate the environment with its GM alfalfa, not the American people’s right to safe feed and a protected environment.

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World nations fail planet species - UN Reports

May 16th, 2010

Re-reporting, editing by Carolyn Bennett

The United Nations Commission on Sustainable Development enters a two-year cycle focusing on the sustainable use and management of resources. This year's session began May 3 and ends on today. The 2011 session after reviewing this year's focus on issues, problems, challenges, and possible solutions will look at concrete policy recommendations. Leading into the May 3-14 session, the commission issued reports of alarming concerns for biodiversity loss, interference with the nitrogen cycle, and climate change. The reports said 24 countries currently exceed their "biocapacity" contrasted with no countries exceeding their "biocapacity" in 1960.

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Imprisoning Children for Life

May 15th, 2010

by Stephen Lendman

The University of San Francisco School of Law Center for Law and Global Justice and the Frank C. Newman International Human Rights Law Clinic, in association with the Berkeley-based Human Rights Advocates, work for global abolition of juvenile life without parole (LWOP) sentencing, calling it inappropriate for children and illegal.

In November 2007, they published a report titled, "Sentencing Our Children to Die in Prison," making their case, saying:

-- children given LWOP are "condemned to die in prison;"

-- dispensed in adult courts, they ignore the "less(er) culpability of juvenile offenders; their ineptness at navigating the criminal justice system; their potential for rehabilitation, reintegration into society," and known child development principles "established through national standards and international human rights law;"

Full story »

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Voices

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