This just in . . .

New York Needs to go to 100% Clean Energy by 2030

December 27, 2014
NY wants to go 100% clean energy by 2030. The biggest obstacle remains the political will.

Cuomo in his state of the state address should announce that NYS wants to go 100% clean energy by 2030. A study conducted by Stanford and Cornell professors showed it is technologically feasible, including transportation, based on wind, water and solar, combined with energy conservation and efficiency. The biggest obstacle remains the political will.

Explaining the Massive Wall Street Giveaway

December 23, 2014
Lee Camp: Redacted Tonight

Wall Street called in a favor from their "employees" in Congress in order to jam through a provision allowing for bank bailouts like 2008 to happen once again. Comedian Lee Camp explained the situation on Redacted Tonight with help from a Storm Trooper and Elizabeth Warren. Members of Congress who voted for this received a lot more money from Wall Street than those who did not. It's yet another example of how our government is bought and sold, and this time they're allowing the largest financial crime in the nation's history to happen all over again. But at least Redacted Tonight makes it funny. And now that Colbert Report is gone, we're thankful we at least still have Redacted to make us laugh at how crazy things are. 

Russian Roulette: Taxpayers on the Hook for Trillions in Oil Derivatives?

Monday, December 22, 2014

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend.

Senator Elizabeth Warren charged Citigroup last week with “holding government funding hostage to ram through its government bailout provision.” At issue was a section in the omnibus budget bill repealing the Lincoln Amendment to the Dodd-Frank Act, which protected depositor funds by requiring the largest banks to push out a portion of their derivatives business into non-FDIC-insured subsidiaries.

Let Us Speak!

Saturday, December 20, 2014

As the people in Ferguson have demonstrated time and again, something unexpected happened—at first with a chant that began growing at the edge of the stage—Let Us Speak! Let Us Speak! This, from the contingent who had come the thousand miles from Ferguson to add their voice to Sharpton's rally—only to find themselves, ignored, blackballed and pushed to the side by the event planners in favor of more palatable—and predictable—voices.

The Citizens of the Internet Can Defeat the Telecom Mafia

Wednesday, December 17, 2014

Brian Fung of the Washington Post sums up the claim that investment would decrease with Title II with his reporting on how executives from the telecoms say Title II will not impact their investment plans. The other pillar was the claim that there would be increased taxes but Congress has extended the tax exemption for the Internet so now that claim has also disappeared. After final passage of the omnibus spending bill, Free Press published: Congress Puts to Rest the Great Internet Tax Hoax of 2014: Phone and cable industry misinformation about Title II once again fails to stand up to scrutiny, which puts the nail in the coffin of this telecom falsehood. The bottom line: Title II will not increase taxes or the bills of consumers. Let’s watch and see if the cable lobbyists stop the big advertising campaign based on this phony study.

Time To Ban The Bomb

Wednesday, December 17, 2014

Global Momentum is building for a treaty to ban nuclear weapons! While the world has banned chemical and biological weapons, there is no explicit legal prohibition of nuclear weapons, although the International Court of Justice ruled unanimously that there is an obligation to bring to a conclusion negotiations for their total elimination.   The Non-Proliferation Treaty (NPT), negotiated in 1970 required the five existing nuclear weapons states, the US, Russia, UK, France and China (P-5) to make “good faith efforts” to eliminate their nuclear weapons, while the rest of the world promised not to acquire them (except for India, Pakistan, Israel, who never signed the NPT).  North Korea relied on the NPT Faustian bargain for “peaceful” nuclear power to build its own bomb, and then walked out of the treaty. 

Internet Defenders Unfurl “Reclassify Now!” Banner Behind Commissioners

December 11, 2014
Photo by Brian Fung of the Washington Post

WASHINGTON, DC — This morning at 10:40am, net neutrality demonstrators interrupted the FCC’s monthly meeting by unfurling a large banner reading “Reclassify Now!” behind the seated FCC commissioners. The activists, both union members, were escorted from the room by security after speaking out and asking FCC Chairman Tom Wheeler why he continues to delay Title II net neutrality, which should have been voted on at today’s meeting.

The Economic Consequences of Global Oil Deflation

Wednesday, December 10, 2014

A new wild card has just been introduced into an already increasingly unstable global economy: a growing world glut of oil and consequent oil price deflation.

Since June 2014, the price of high grade (ICE Brent) crude oil has fallen more than 40 percent, declining from around USD$115 a barrel, in January 2014, to just USD$67 a barrel at the end of November. That’s the lowest since the bottom of the 2009 recession. The price decline has not only been deeper than expected in a normal cyclical correction, but also appears more than just a temporary event. Some predict global oil prices will fall below USD$60 a barrel in 2015, and could potentially fall as low as the USD$40 a barrel collapse that occurred during the 2008-09 recession.

The Torture Report and the End of U.S. Exceptionalism

Wednesday, December 10, 2014

It could be fortuitous or just another example of the utter contempt for international sensibilities that just a day before International Human Rights Day, the U.S. Senate released, its long suppressed report on the systematic violations of the human rights of hundreds of people it captured and tortured as part of its ‘war on terror’.