see video of The Corporation: Monstrous Obligations by Robert C. Hinkley August 18, 2009 Every day legal corporate behavior causes much more damage to the commons than corporate illegal behavior.  Electricity generators do not break the law when they emit billions of tons of carbon into the atmosphere every year warming the Earth to dangerous levels.  No law [...]

english (original) version below por Paul Craig Roberts 19 de agosto, 2009 “Dentro de poco no habrá clase media. Tendremos unos pocos, y sólo unos pocos lores, y todos los demás, mendigos.” R.L. Bushman “Nos estáis dividiendo rápidamente en dos clases – los extremadamente ricos y los extremadamente pobres.” “Bruto” Los estadounidenses piensan que tienen “libertad y democracia” [...]

Calling the Bank’s Bluff by Marshall Auerback August 14, 2009 Once all the TARPs are tidied up and the quarterly profits no longer a revelation, American consumers will still be swaddled in debt.  What’s to stop them from just walking away from it–and who’s to say, if the banks keep this kind of behavior up, we don’t want [...]

por Marcelo Colussi 11 de agosto, 2009 “El trabajo es cosa buena, es lo mejor de la vida; pero la vida es perdida trabajando en campo ajeno. Unos cinchan como trueno y es de otros la llovida” . Atahualpa Yupanqui “El ojo del amo engorda el ganado”, suele decirse desde una posición conservadora, de derecha, pensando sólo en la ganancia empresarial. [...]

by Saskia Scholtes and Francesco Guerrera August 9 2009 New York – US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported [...]

by David D. Kirkpatrick August 7, 2009 WASHINGTON — Caught between a pivotal industry ally and the protests of Congressional Democrats, the Obama administration on Friday backed away from what drug industry lobbyists had said this week was a firm White House promise to exclude from a proposed health care overhaul the possibility of allowing the government [...]

by Shawn Hattingh August 5, 2009 Over the last few weeks in South Africa, community protests and land occupations have once again erupted. People are simply infuriated at continuously being ignored and treated as subhuman by the state and the elite, and for this reason they have been taking to the streets. While barricades have literally been [...]

An insider’s view of Wall Street’s rebound. by Nomi Prins July 28, 2009 This is perhaps the most important thing I learned over my years working on Wall Street, including as a managing director at Goldman Sachs: Numbers lie. In a normal time, the fact that the numbers generated by the nation’s biggest banks can’t be trusted might [...]

July 31, 2009 Citigroup, one of the biggest recipients of US government bailout money, gave employees $5.3bn in bonuses for 2008, New York’s attorney general said today in a report detailing the payouts by nine big banks. The report from attorney general Andrew Cuomo’s office focused on 2008 bonuses paid to the initial nine banks that received [...]

by Robert Kuttner July 26, 2009 The New York Times recently reported that the latest scheme–or scam–on Wall Street is something called High Frequency Trading. Very sophisticated financial firms, such as Goldman Sachs, are tipped off by the New York Stock Exchange’s own computers to pending buy and sell orders. Armed with ultra sophisticated computer algorithms, the [...]