Yellen's Fed Assures Business As Usual
by Stephen Lendman On Wednesday, Obama nominated Janet Yellen as Fed chair. She's currently vice chairwoman. Senate confirmation is certain. It's rubber-stamp. She'll succeed Ben Bernanke. On January 31, his second four-year term ends. In its hundred… more »
Obama's Way: Waging Financial War on Humanity
by Stephen Lendman Class war rages in America. Institutionalized inequality defines it. Obama continues what began decades ago. He exceeds the worst of his predecessors. He supports capital's divine right. He transferred unprecedented wealth amounts… more »
European and US Working Class Politics: Right, Left and Neutered
James Petras The deepening economic crises in Europe and the United States are provoking contrasting socio-political responses from the working and middle classes. In Europe, especially among the Mediterranean countries (Greece, Spain, Portugal and… more »
Tags: anti-immigrant, bankers, cuts basic social programs, disenchantment, economic breakdown, economic crisis, economic recession, economic system, far right agenda, general strikes, greece, hard right, imperialist wars, islamophobic, labor, moslim immigrant, neo-fascist, northern europe, portugal, racist, social democratic parties, southern europe, spain, street riots, trade unions, us working class, wage pension cuts, working class
PASOK: Pan Hellenic Socialist Kleptocrats
James Petras “George Papandreou is not bought, he is rented. He sells public enterprises to the multinationals. He reduces wages, pensions and employment at the behest of the IMF. He turns over the public treasury to the European banks. He supports… more »
The Link Between War and Big Finance
Veterans For Peace Endorses the April 15th Rally and Protest in Union Square Park By Kevin Zeese Veterans For Peace has joined in endorsing “Sounds of Resistance,” a concert and protest against Wall Street banks that draws the connections between… more »
Pecunia Emptor
By Numerian That profit can come about by borrowing money from the Fed at 0% (they are the only ones in the nation with access to this favorable rate at the central bank), and then investing it at 3.5% in Treasuries. This little scam, in which the Fed… more »
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