This just in . . .

Predicting the U.S. and global economy

Thursday, July 11, 2013

Both the U.S. and global economy are at a critical juncture. Six years after the financial crisis that erupted in August 2007 and the collapse of the real economy that followed—except for asset prices (stocks, bonds, derivatives, etc.) and capital incomes (profits, dividends, capital gains, etc.)—in real terms the U.S. economy has experienced six years of the weakest recovery of any recession since 1947. Meanwhile, the remaining global economy has steadily slowed since 2010, commencing in 2012 to drift toward stagnation and a recession once again. 

Doubling student loan interest rates will turn a generation against Congress

Wednesday, July 10, 2013

Congressional lawmakers threw young Americans and students under the bus again when they failed to pass a bill that would prevent the interest rate on a key group of student loans from automatically doubling on July 1.

The inaction on behalf of lawmakers means that, as of July 2013, students who receive new subsidized Stafford loans to help pay for college this fall will be racking up interest at a new 6.8% rate rather than the previous 3.4% rate. It is estimated that the hike will increase the cost of college by $1,000 per year, per loan, putting a degree that much further out of reach for over 7 million US students who are affected by the rate hike.

Independence Day Resolution: Revolt against the TPP and global corporate rule

Thursday, July 4, 2013

On this 4th of July, are you resolved to live in a free and democratic society, independent of global corporate rule? Will you act to shut down the Trans-Pacific Partnership (TPP) and other efforts by the owners and managers of global corporations to replace We the People with We the Corporations?

If you want to know why the members of the Green Shadow Cabinet are united in our opposition to the Trans-Pacific Partnership, all you need to do is read the thirteen statements our officers have issued over the past month, listed below, detailing the impact of the TPP on small and community businesses, on your daily life, on human rights, on trade policy, on the poorest among us, on war and peace, on workers rights, on food and agriculture, on the power of corporations, on the rule of law, on public health and safety, on access to housing, on access to health care, and you can read our statement on the need for resistance to the TPP.

Read these statements. Understand that the TPP is a global corporate coup. And resolve to join us in taking action to stop the TPP.

The Green Shadow Cabinet is a supporter of Flush the TPP, a campaign to stop the Trans-Pacific Partnership. This new campaign is based on past successful efforts to stop so-called "free trade" agreements that put corporate power ahead of people and the planet. This summer, this campaign is planning "TPP Tuesdays" - weekly actions on Tuesdays that will educate people about this secretly negotiated agreement. These actions will build into major protests beginning in September. You can sign up and get involved here We urge you to do so.

In Egypt: follow the people

Wednesday, July 3, 2013

In Egypt the voices of tens of millions of people have been heard. Following months of protests and demonstrations calling for early elections, and after weeks of intransigence by the Morsi government, the demand for a change in power has been met.

The Green Shadow Cabinet hopes this change will lead to greater self-determination and participation by all members of Egyptian society; we are concerned by early reports of summary arrests and censorship of the media. We hope and expect that the pressure for democratization will continue, regardless of whether the government is run by Mubarak, Morsi, the military, a transition council or anyone else, until a more inclusive and participatory Egyptian government has stabilized.

No more national security excuses

Tuesday, July 2, 2013

Since 9/11, the federal government has increasingly used the excuse of “national security” to justify violations of human rights and civil rights, to spy on allied foreign governments, and to increase spending on intelligence gathering, weapons and war.  We now know that the National Security Agency has even been spying on millions of American citizens — monitoring our phone calls, e-mail, and even directing the U.S. Postal Service to monitor our letter mail.

Iranian election provides golden opportunity for peacemaking

Thursday, June 27, 2013

The recent election of Hassan Rouhani to succeed Mahmoud Ahmadinejad as the President of Iran bodes well for improved relations between the United States and Tehran.  Rouhani is the most moderate of all the candidates and was something of a surprise winner in a contest that by all accounts was open and above board—not like the rigged 2009 election which incited massive protests and  a draconian governmental response of arrests and violence.  

RELEASE: Obama's climate proposals fall dangerously short, ignore time-critical opportunity to revive the economy

June 26, 2013

The Green Shadow Cabinet said today that while President Obama's call for the Environental Protection Agency to strengthen regulation of carbon emissions from existing power plants was a long overdue step in the right direction, his “all of the above” approach to energy is still a disaster for the climate.

Respond to Supreme Court with push for new voting rights laws, amendments

Tuesday, June 25, 2013

By and 5-4 vote today, June 25, 2013, the U.S. Supreme Court has sanctioned the return of apartheid in nine states in our union that have a long legacy of blocking black and Latino voters.

The Court struck down Section 4 of the Voting Rights Act of 1965 that required nine states, all but one former Confederate states, to seek pre-clearance from the U.S. Justice Department prior to changing election laws. The states are Alabama, Alaska, Arizona, Georgia, Louisiana, Mississippi, South Carolina, Texas and Virginia.

TPP would make health care even more expensive, less accountable, less accessible

Friday, June 21, 2013

From the information available, one thing is clear about the impacts of the TPP on health care. The intention of the TPP is to enhance and protect the profits of medical and pharmaceutical corporations without regard for the harmful effects their policies will have on human health.

We know that the TPP will extend pharmaceutical and medical device patents and provide other tools to keep the prices of these necessities high. This will make medications and treatments unaffordable for millions of people and raise the costs of national health programs, including public health systems in the U.S.. At its worst, the TPP will provide a pathway to infect the world’s health systems with the deadly parasite of for-profit health corporations that plague the United States.

TPP would make U.S. housing crisis much worse

Friday, June 21, 2013

The Trans Pacific Partnership (TPP) will dramatically undermine the housing rights of Americans, primarily by prohibiting meaningful government control over financial institutions. Americans have already lost over five million homes to foreclosure as a result of the 2008 economic collapse. Virtually every regulatory measure that could have averted this crisis will now be banned by the TPP.

According to the Citizen Trade Campaign, the TPP will put an end to any government policy that: