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Who would trust Standard and Poor's?
Standard and Poor's finally did it. They downgraded the credit rating of the United States from AAA to AA+. There are serious questions about the reliability of S&P. The White House pointed out that there is a $2 trillion error in the calculations used for the downgrade. Ths is of interest since the two other agencies failed to change the AAA status of the US. (See Robert Oak, Economic Populist)
Jack Tapper of ABC News reported late this afternoon:
"A third official says that S&P made a "serious mistake" in its analysis, "based on flawed math and assumptions," so the Obama administration is pushing back. But even though "S&P has acknowledged its numbers are wrong, it's unclear what they're going to do.," the official said.
"S&P's numbers were off by "roughly $2 trillion," the official said.
Fitch and Moody's reaffirmed the AAA US rating earlier in the week.
Israeli Street Protests: Suppressed by US Media
by Stephen Lendman
Well, almost. Virtually nothing shows up on US television. Some gets print coverage, but not enough to explain a major story accurately and fully. More on that below.
For weeks, tens of thousands of Israelis have been protesting high prices, especially unaffordable housing, creating an intolerable burden for growing numbers being priced out of a place to live.
A previous article explained, accessed through the following link:
http://sjlendman.blogspot.com/2011/08/israel-rogue-state-land-of-inequality.html
Filling Prison Beds for Profit
by Stephen Lendman
At yearend 2010, America's prison population topped 2.4 million, including federal and state facilities, local jails, Indian, juvenile, and military ones, US territories, and numbers held by the Immigration and Customs Enforcement (ICE). In addition, over seven million more are under correctional supervision, and over 13 million pass through US prisons and jails annually. About 70% are for nonviolent offenses. Nearly half of those are drug-related. In 1980, 40,000 drug offenders were imprisoned. It's now over 500,000, victimized by unfair "war on drugs" laws.
Fight To End The Most Base Form Of Exploitation
by Brian McAfee
One of the most significant ongoing scourges that befalls humanity worldwide is the ongoing exploitation and sexual abuse of over two million girls and boys through sex trafficking. UNICEF estimates that two and a half million children, most of them girls, are tricked or forced into the multibillion dollar global sex industry.
The struggle to save, protect and defend the safety and well-being of children at risk for this type of travesty is and will remain an ongoing, sometimes uphill battle. Yet it is, obviously, a necessary fight.
One of the individuals fighting this battle is Nepalese writer and journalist Kamala Sarup. In one of her articles, Lost Daughters-An Ongoing Tragedy In Nepal, Kamala describes the situation in Nepal as follows: "Nepal girls are cheaper to buy, much more cooperative and much easier to control and enslave. Girls from the rural regions are known to be much more obedient and considered more attractive for brothel owners who may want to resell them." In relation to this problem, Kamala has organized activities addressing issues of HIV/AIDS and sex trafficking in Nepal.
Us against Them
By Vincent L. Guarisco
"You must be the change you want to see in the world." ~~Mahatma Gandhi
Are you tired of government hypocrisy and a lapdog media that eagerly provides damage control and disinformation? Well, a battle is being waged and the stakes are extremely high. Bottom line, our Constitution is slowly being shredded and our lives destroyed. Multi-National Corporate fascism is upon us and unless we unite together to combat the "divide-and-rule strategy," we will become refugees on our own soil. With the Internet at our disposal, ignorance is no longer a viable excuse for sticking our heads beneath the sand, lest we suffocate -- so open your eyes and put your game face on, because it's us against them.
FDA Goons and the Second Amendment
By Rady Ananda
On July 16, the US Food and Drug Administration posted a libelous release linking a foodborne pathogen to a South Carolina raw dairy before confirming whether or not such a link existed. Two weeks later, the FDA determined that Tucker Adkins Dairy products were free of all contaminants but has still not issued a retraction at its webpage.
“How do we get our reputation back?”
That’s what Tommy and Carolyn Adkins asked the Farm-to-Consumer Legal Defense Fund (FTCLDF). Without a retraction at the web page, they can’t.
NATO's Libya War Unraveling
by Stephen Lendman
On August 1, Ramadan began. Nonetheless, fighting continues. The good news is Libyans are winning. The bad news is NATO knows it but keeps bombing, averaging 52 daily strike sorties in the past week alone.
On August 2, London Telegraph writer Damien McElroy headlined, "Libya: Gaddafi regime rallies after rebel turmoil," saying:
Gaddafi's son Saif "used a meeting with Libyans displaced by fighting to declare the regime had blunted the five month bombing campaign," saying:
Budget Cutting Perfidy
by Stephen Lendman
It's all over but the mourning. After weeks of tooing-and-frooing theater, Obama signed the deal from hell. Understand clearly what happened. A bipartisan conspiracy took step one to ending America's social contract. Subsequent ones will follow.
On the chopping block are Social Security, Medicare, Medicaid and publicly funded pensions, heading perhaps first for privatization while slash and burn cuts continue. In addition, all other New Deal/Great Society programs are earmarked for elimination. But don't expect political Washington or America's media to explain.
Washington’s Silk Road Pipe Dream
Peter Chamberlin
If arrogance and over-confidence had any real power or actual value, then Hillary Clinton could envision and create a New World Order all by herself (SEE: Washington’s Silk Road Dream). Democrat interventionists like Mrs. Clinton and her neutered husband like to daydream of ideal circumstances, way beyond the realm of human possibility and then do everything in their power to turn those daydreams into government policies. It is idealistic foolishness to believe that these differences could be papered over with enough money in places like Bosnia and Kosovo, or in Somalia, where real divisions were compounded by pent-up anger over great historical wrongs or injustices.
Rawesome Raided Again! Farmers and private food club owner arrested for selling fresh milk
By Rady Ananda
About 20 armed agents from various local, state and federal agencies, coordinated by the US Food and Drug Administration, staged another raid on fresh foods sold in California at a Ventura County farm and at Rawesome Foods, a private buying club providing members with unadulterated, unpasteurized milk and dairy products, among other items.
Healthy Family Farms owner Sharon Palmer and one of her employees, Eugenie Bloch, were arrested, along with James Stewart, the operator of Rawesome Foods located in Venice, California.
A protest is planned for tomorrow’s arraignment hearings (Thursday, August 4) at Los Angeles Superior Court, Criminal Justice Center, 210 W. Temple Street. Organizers are asking protesters to arrive at 7:45 am.
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