World-News

http://www.commondreams.org/headline/2011/01/20-6



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Mortgage quality had fallen off a cliff

If Citigroup's mortgages were this bad, we can expect the same level of problems at Wells Fargo, Bank of America and every other major US mortgage lender.

http://www.cnbc.com/id/41133468?


From Information Clearing House



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bank+of+America

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When borrowing money it's always good to have a Plan B in case a big creditor pulls the plug. That should be true whether the sum is a few thousand dollars or about a trillion, the size of the United States government's debt to China.

http://www.reuters.com/article/idUSTRE70H5NX20110118?pageNumber=1



Will China's Yuan overtake US Dollar?

Video

RT's Kristine Frazao is joined by Michael Hudson, Professor of Economics at the University of Missouri.

http://www.youtube.com/user/RTAmerica



China: U.S. No. 1 no more

China's ambitions are not modest.
http://www.washingtontimes.com/news/2011/jan/19/usacross-out-usa-china-1/?page=1


From Information Clearing House



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.google.de/search?q=Kristine+Frazao
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Michael+Hudson
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By Paul Buchheit

Based on Internal Revenue Service figures, if middle- and upper-middle class families had maintained the same share of American productivity that they held in 1980, they would be making an average of $12,500 more per year.

http://www.informationclearinghouse.info/article27306.htm



Profits In Poverty

JPMorgan Is Making Big Money From Food Stamps

By Economic Collapse

The more Americans that go on food stamps, the more profits JP Morgan makes.

http://www.informationclearinghouse.info/article27301.htm



Tax breaks for wealthy donors: Schools struggle, while the rich fund golf tourneys

Christian Science Monitor
by Susan Froetschel

01/24/11

Tax deductions for charitable giving mean the rich can fund their pet causes while the government loses vital tax revenue. This loophole effectively takes the public good out of the hands of voter-elected representatives and subjects it to the whims of wealthy donors...

http://tinyurl.com/6fnq38v


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=middle+class
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Buchheit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Susan+Froetschel

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Irish Government Knew They Were in Violation of Torture Conventions

By Shannonwatch

Slowly but surely the entire shameful truth is coming out about Shannon airport, CIA renditions, and the lengths the Irish government went to avoid the evidence.

http://www.informationclearinghouse.info/article27303.htm



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Video and Text

"Mr. Lieberman supported the American government tossing Muslim suspects into detention, denying them Miranda rights, seeking to strip even US citizens suspected of terrorism of their basic civil rights."

http://www.informationclearinghouse.info/article27305.htm



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Lieberman
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By Larry Pinkney

The United States of America is, in reality, a one-party corporatist state whose very existence is, more than ever, perpetuated by a conscious deliberate denial of reality, even in the face of the obvious.

http://www.informationclearinghouse.info/article27309.htm

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In the Presence of My Enemy

A Reflection on War and Forgiveness

By Ron Kovic

As this, the 43rd anniversary of my wounding in Vietnam approaches, and I once again try to find meaning in that day and the days which were to follow, my thoughts return to the northern bank of the Cua Viet River on Jan. 20, 1968. It is a day that will change my life forever.

http://www.informationclearinghouse.info/article27308.htm



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Vietnam
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http://freepage.twoday.net/search?q=Larry+Pinkney
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Matthew Skomarovsky, LittleSis: "Larry Summers' path to the Obama administration, and his record within it, are symptomatic of a new American plutocracy, and his new job at Harvard will keep the gears of corruption greased. Summers rose to power under the protective wing of Wall Street and Democratic Party mogul Robert Rubin. He aggressively advanced Rubin's program of financial deregulation and faithfully rescued his cronies when deregulation went wrong. Despite the economic catastrophes these policies have contributed to, Summers and other Rubinites have continued their political ascendancy in recent years, filling top positions in the Obama administration."

http://www.truth-out.org/evidence-american-plutocracy-the-larry-summers-story67007



The Economy Is Awful and Larry Summers Should Not Be Fed Chair

Dean Baker, Truthout: Despite the fact that Larry Summers played a major part in the creation of the policies that pushed the US into an economic downturn, President Obama wants him as chairman of the Federal Reserve, one of the most powerful economic positions in the country.

http://truth-out.org/opinion/item/17978-the-economy-is-awful-and-larry-summers-should-not-be-fed-chair



The Wall Street Ties of Larry Summers and Timothy Geithner

Zaid Jilani, Moyers & Company: Larry Summers is under no legal requirement to disclose his most recent payments from corporations until he is officially nominated, and if he s nominated, he ll most likely be confirmed.

http://www.truth-out.org/news/item/17997-the-wall-street-ties-of-larry-summers-and-timothy-geithner



The Smart Boys: Larry Summers and Jeff Bezos

Dean Baker, Truthout: The press' praise of tentative Federal Chair nominee Larry Summers and business mogul Jeff Bezos reflects the backwards morals with which we view our society and our economy.

http://truth-out.org/opinion/item/18119-dean-baker-the-smart-boys-larry-summers-and-jeff-bezos

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Larry Summers Is Out, but the Boys? Club Is as In as Ever
http://www.commondreams.org/view/2013/09/17-4

The Larry Summers Flop: More Proof Obama is Getting Bad Economic Advice
http://www.commondreams.org/view/2013/09/17-8



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
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Bill McKibben, YES! Magazine: "It was two years before the first Earth Day in 1970 when Garrett Hardin penned the famous essay 'Tragedy of the Commons,' and it fit a certain bleak and despairing mood of the time. Paul Ehrlich had just published The Population Bomb, a Malthusian account of a world overwhelmed by sheer numbers of people. Against the backdrop of that gloom, Hardin's theory came as another dose of bad news, 'proving' that we also had no hope of controlling our appetite for natural resources. Since no one owned the oceans or the atmosphere, we would inevitably fish and pollute them into oblivion. Hardin offered a few suggestions, but his title summed it up: we were witnessing a tragedy whose script could not be revised."

http://www.truth-out.org/rewriting-tragedy-commons66971



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bill+McKibben
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CNN

01/19/11

The U.S. Army announced Wednesday that the number of suicides rose again last year to almost one a day, despite major efforts to identify and help at-risk soldiers. Suicides among active-duty soldiers actually declined for the first time in six years but the numbers increased among other soldiers, doubling in the Army National Guard...

http://tinyurl.com/6xwognr


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Army+suicide
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