This Age of Bubbles

The main lesson of this age of bubbles — a lesson that India, Brazil, and others are learning once again — is that when the financial industry is set loose to do its thing, it lurches from crisis to crisis.

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‘Sending a Message’: What the US and UK Are Attempting To Do

Glenn Greenwald The Guardian/UK http://www.theguardian.com/commentisfree/2013/aug/21/sending-message-miranda-gchq-nsa Guardian editor-in-chief Alan Rusbridger on Monday night disclosed the remarkable news that UK authorities, several weeks ago, threatened the Guardian UK with prior restraint if they did not destroy all of their materials provided by Edward Snowden, and then sent agents to the basement of the paper’s offices to...

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Washington and the Egyptian Tragedy

Stephen Zunes Foreign Policy In Focus http://fpif.org/washington-and-the-egyptian-tragedy/ The vast majority of Egyptians killed since the coup have been unarmed protesters struck down with American-made weapons by soldiers transported in American-made vehicles provided by the American taxpayer. As in El Salvador, Nicaragua, East Timor, Angola, Lebanon, and Gaza in previous years,...

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The SEC is now demanding that companies admit wrongdoing. That’s a big deal.

What’s the point of a bank simply saying it’s done wrong when everybody already knows it? Here’s why getting an admission of guilt actually matters. by Lydia DePillis WonkBlog For many years, the Securities and Exchange Commission was a pretty nonjudgmental beast. When pursuing enforcement actions, it usually didn’t demand that...

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Egypt’s Dirty War?

If the Egyptian military’s violence against its own citizens is unacceptable, President Obama has no choice but to take the only moral action that remains available to him: cut military aid to Egypt entirely. by Jon Lee Anderson The New Yorker When Salvador Allende, the democratically elected socialist President of...

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Comcast, Time Warner Cable, Verizon and Other Telecoms Fighting to Cash In… on You

Lynn Stuart Parramore AlterNet http://www.alternet.org/economy/telecommunications-and-privacy-laws They call it “modernizing the rules.” We call it “cashing in on your privacy.” Comcast, Time Warner Cable, Verizon, DIRECTV, and other giant U.S. cable and telecommunications companies are going hard-core with an aggressive anti-consumer agenda aimed at turning your private behavior into dollar signs....

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The Absurd Things Rich People Are Blowing Their Cash on

Joshua Holland AlterNet http://www.alternet.org/economy/you-can-buy-ice-cubes-750-each-new-york-city A small group of Americans is now sitting on more wealth than they could possibly know what to do with as growing numbers of ordinary families struggle. While most Americans struggle through this grinding downturn, a rarified few are doing quite well. Corporate profits hit an all-time...

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The Moment the US Ended Iran’s Brief Experiment in Democracy

Robert Scheer TruthDig.com http://www.truthdig.com/report/item/the_moment_the_us_ended_irans_brief_experiment_in_democracy_20130819/ Sixty years ago this week, on Aug. 19, 1953, the United States, in collaboration with Britain, successfully staged a coup in Iran to overthrow democratically elected Prime Minister Mohammad Mossadegh that a newly declassified CIA document reveals was designed to preserve the control of Western companies...

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