Obama in crossfire as battle for control of the Fed heats up

"At stake is the chairmanship of an organization whose global influence has grown ever larger in recent years. The impact of the Fed’s policies can be seen everywhere. On top of its global role, the Fed has beefed up its activities as regulator in the US. Whoever gets the job will be taking over a position more powerful than the one Bernanke inherited when he was appointed in 2006. Obama said recently that the appointment 'is definitely one of the most important economic decisions I will make in the remainder of my presidency. The Federal Reserve chairman is not just one of the most important economic policymakers in America. He or she is one of the most important policymakers in the world.'" Continue reading

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Genocide: Worse Than War [2010]

"Watch Daniel Goldhagen's ground-breaking documentary focused on the worldwide phenomenon of genocide, which premiered on PBS on April 14, 2010. 'By the most fundamental measure -- the number of people killed -- the perpetrators of mass murder since the beginning of the twentieth century have taken the lives of more people than have died in military conflict. So genocide is worse than war,' reiterates Goldhagen. 'This is a little-known fact that should be a central focus of international politics, because once you know it, the world, international politics, and what we need to do all begin to look substantially different from how they are typically conceived.'" Continue reading

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Memory’s Half-Life: A Social History of Wiretaps

"American attitudes towards wiretapping significantly shifted during the 1940s, as the war and changes in the class distribution of telephones helped shift judicial acceptance of wiretaps. President Roosevelt issued a secret executive order authorizing widespread Justice Department wire-taps of 'subversives' and suspected spies. Hoover used these vague new powers to investigate not just Nazis but anyone he thought subversive. The social history of wiretaps is a history of mission creep, where FBI agents initially hunting for wartime Nazi spies soon monitored progressive activists fighting racial segregation." Continue reading

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Outrageous Julian Assange Tweet By Time Reporter Michael Grunwald

"A TIME magazine reporter caused ire on Twitter Saturday night when he said that he 'can't wait to write a defense of the drone strike that takes out' Wikileaks founder Julian Assange. Michael Grunwald's tweet, since deleted, was quickly met with outrage and bewilderment. Glenn Greenwald, who recently broke several revelations about NSA surveillance programs based on documents provided to him by leaker Edward Snowden, was particularly vocal in expressing his disgust with Grunwald's statement. The Young Turks host Cenk Uygur breaks it down." Continue reading

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“The Internet Police” Shines a Light on the Online Surveillance State

"When Ars Technica editor Nate Anderson sat down to write The Internet Police, Edward Snowden hadn’t yet decided to add some excitement to the National Security Agency’s summer by leaking a trove of surveillance secrets to The Guardian. As a result, Anderson’s book doesn’t mention Snowden’s escapade, which will likely become the security-and-paranoia story of the year, if not the decade. However, The Internet Police is a handy guide to the slow and unstoppable rise of the online security state, as well as the libertarian and criminal elements that have done their level best to counter that surveillance." Continue reading

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Seattle $15/Hour Minimum Wage Being Pushed

"Washington already has the nation's highest state minimum wage at $9.19 an hour. Now, there's a push in Seattle, at least, to make it $15. That would mean fast food workers, retail clerks, baristas and other minimum wage workers would get what protesters demanded when they shut down a handful of city restaurants in May and others called for when they demonstrated nationwide in July. So far, the City Council and mayoral candidates have said they would consider it in the famously liberal city. One said, however, that it may not be soon." Continue reading

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Social Security and Medicare: Twin Disasters Loved by All Age Groups

"The Social Security system, like the Medicare system, is beloved of younger workers, because they think they're going to get a free lunch from the government when they're older, and this enables them to spend less money now for their retirement years. They love it. They figure somebody else is going to pay for their retirement, and they think they're going to dig deep into somebody else's wallet. This is a Ponzi scheme. But Ponzi schemes are incredibly popular with people. Think of Bernie Madoff. People loved to get in. They begged to get in. Madoff realized early that it was this insatiable desire for outsiders to get in that was his sustaining factor." Continue reading

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NSA Says It Was All a Series of Mistakes.

"The NSA is having a PR problem with documents provided by Edward Snowden before he arrived in Russia. The Post article indicated that the NSA is spying on Americans inside the USA. Snowden is the source of the NSA’s problems. He provided evidence. Over half of the American public thinks he did wrong. The voters are content with the loss of privacy. They want negative sanctions imposed on Snowden, not the NSA. The NSA will simply hunker down. This will blow over soon enough. Eventually, the media will run out of leaked documents. Then it will be business as usual. Over half the public does not care." Continue reading

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Andrew Sullivan Change Of Heart: ‘Cameron Proves Greenwald Right’

"I can say this to David Cameron. Thank you for clearing the air on these matters of surveillance. You have now demonstrated beyond any reasonable doubt that these anti-terror provisions are capable of rank abuse. Unless some other facts emerge, there is really no difference in kind between you and Vladimir Putin. You have used police powers granted for anti-terrorism and deployed them to target and intimidate journalists deemed enemies of the state. You have proven that these laws can be hideously abused. Which means they must be repealed. You have broken the trust that enables any such legislation to survive in a democracy." Continue reading

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Bill Bonner: Thank You, TSA, NSA, FBI, and CIA!

"Respect for authority is cyclical. And presently, the authorities are enjoying an upswing. People look to them to get things they can’t get on their own. Health care paid for by someone else… a retirement they can’t afford… and foolish pride they don’t deserve. U.S. troops patrol the streets of towns we never heard of… American drones wipe out families we never met… the NSA listens in on the world’s conversations… Yes, thanks to the NSA, TSA, CIA, IRS, FBI, and Pentagon, no sparrow can fall anywhere in the world without it setting off alarms in America’s command centers." Continue reading

Continue ReadingBill Bonner: Thank You, TSA, NSA, FBI, and CIA!