fix articles 8724, larry summers Los Angeles Indymedia : tag : larry summers

larry summers

Economic Stagnation and its Mastery (tags)

Corporate profits explode while investments stagnate.Social housing declines with privatization. According to neoliberal theory, higher profits lead to grater investments and more jobs. In truth, higher profits lead to more use of tax havens and companies buying back their stock.

"Who is saving Whom?" (tags)

"Who is saving Whom?" shows what remains hidden. A tremendous redistribution from the bottom to the top.. Rescuing is taking place, for the 99% however there is no sign of a rescue.

Canadians Reject Harper: Hold the Cheers (tags)

Canada

Misguided Calls for More QE (tags)

QE

Financial Market Inflammation (tags)

Bubble formation covered up a period of long-lasting stagnation... Former US Treasury secretary Larry Summers even spoke of stagnation as a "new normality"... The crisis consequences are shifted to other subjects. Unemployment and indebtedness are exported.

Liberating the Economy from Prejudices (tags)

Economics is not an immutable unchangeable fate but a human system where changing rules changes outcomes. James Galbraith and Joseph Stiglitz are two well-known economists who question the myths of conventional economics, the self-healing, efficient and deregulated market

AIPAC's Federal Reserve Vice Chairman (tags)

Fed

US Universities of Shame (tags)

Israel

Janet Yellen Likely New Fed Chairwoman: Hold the Cheers (tags)

class war

Book Review: The unwinding by George Parker (tags)

"When the norms that made the old institutions useful began to unwind, and the leaders abandoned their posts, the Roosevelt Republic that had reigned for almost half a century came undone. The void was filled by the default force in American life, organized money."

Geekout Bookmarks 9/1/2013 (tags)

This is an irregular experimental feature to gather the links which I've posted to facebook and twitter over the past few days into a short digest. Most of the links are mainstream. I'll try to do better next time. Enjoy.

Larry Summers: Wall Street's Man (tags)

Fed

Open Letter re: anti-Israel student nominated to UC Regents (tags)

Sadia Saifuddin, a UC Berkeley senior and a member of the MSA and Students for Justice in Palestine, Muslim Brotherhood front groups that regularly sponsor “Israel Apartheid Weeks,” was recently nominated to become the University of California student regent for the 2014-15 academic year.

What's Next in Egypt? (tags)

coup

Protest Sadia Saifuddin's nomination to UC Regents (tags)

Editors’ note: Sadia Saifuddin, a UC Berkeley senior and a member of the MSA and Students for Justice in Palestine, Muslim Brotherhood front groups that regularly sponsor “Israel Apartheid Weeks,” was recently nominated to become the University of California student regent for the 2014-15 academic year

America's Right-Wing Reinterprets the Crisis (tags)

A state is not a hardware store. It must contract debts in crisis times. Four years after the collapse of the US economy, the republicans send a former investment banker into the race who stands for a policy that got us into the real messThe right-wing was very successful in changing the discourse.

Debt Ceiling Roulette (tags)

class war

Bretton Woods 2.0: Soros New World Order Conference (tags)

new world order

Obama's New Chief of Staff and Economic Team (tags)

Wall Street dominated

Corporate Media's Version of Economic Justice (tags)

middle class destructions

Ruling on Behalf of Wall Street's "Super Rich": The Financial End Time has Arrived (tags)

"Alas, the Obama administration has backed the Geithner-Bernanke policy that “the economy” cannot recover without saving the debt overhead. The reality is that it is the debt overhead that is destroying the economy. So we are dealing with the irreconcilable fact that the Obama position threatens to lower living standards from 10% to 20% over the coming few years – making the United States look more like Greece, Ireland and Latvia than what was promised in the last presidential election. Something has to give politically if the economy is to change course. More to the point, what has to give is favoritism for Wall Street at the expense of the economy at large. What has made the U.S. economy uncompetitive is primarily the degree to which debt service has been built into the cost of living and doing business. Post-classical “junk economics” treats interest and fees as payment for the “service” for providing credit. But interest (like economic rent and monopoly price extraction) is a transfer payment to bankers with the privilege of credit creation. The beneficiaries of providing tax favoritism for debt are the super-rich at the top of the economic pyramid – the 2% whom Mr. Obama’s tax giveaway will benefit by over $700 billion. If the present direction of tax “reform” is not reversed, Mr. Obama will shed crocodile tears for the middle class as he sponsors the Deficit Reduction Commission’s program of cutting back Social Security and revenue sharing to save states and cities from defaulting on their pensions. One third of U.S. real estate already is reported to have sunk into negative equity, squeezing state and local tax collection, forcing a choice to be made between bankruptcy, debt default, or shifting the losses onto the shoulders of labor, off those of the wealthy creditor layer of the economy responsible for loading it down with debt."

THE NEW LATIN AMERICA FOR NOAM CHOMSKY (tags)

Interview of Noam Chomsky

Census Bureau Confirms Rising Poverty, Falling Incomes, and Growing Numbers of Uninsured (tags)

growing poverty and despair in America

Dems and Reps Unite for Cuts (tags)

While billionaires get bailed out and the wars in Afghanistan and Iraq continue THE BUDGET CRISIS IS A LIE! THERE IS MONEY THE RICH ARE STEALING IT.

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Plann (tags)

Their goal is a world with rulers and serfs, no middle class

Primitive Accumulation (tags)

The crisis calls for system alternatives and redistribution from top to bottom. Will the financial crisis encourage the transition to a new social order? A certain mix of good functioning markets and a strong welfare state leads to the best results.

Obama's War on Labor (tags)

targeting labor rights

Unraveling The Card Check Debate (tags)

Sometimes in politics a particular issue strikes at the core of deeper social-economic forces. Card Check - properly named The Employee Free Choice Act (EFCA)- is such an issue. EFCA, if implemented as proposed, would allow workers at any work place to join a union simply by having the majority of employees sign union authorization cards. The current law mandates that there be a secret ballot election one month after the requisite number of signed cards are submitted. This one-month period allows employers to mount campaigns to discourage employees from voting for a union, often using conscious distortions and intimidation as tactics. EFCA would prohibit newly unionized workers from striking for two years to gain a first contract. Moreover, if a first contract has not been negotiated within the first three months, a Federal Mediator can step in and impose a contract. Currently, employers who are compelled to recognize a union do not have to concede to a negotiated contract at all; and if, after one year a contract has not been negotiated, the union can be subjected to a vote of decertification, which is often the case.

The Obama Government: Take from the Poor and Give to the Rich (tags)

These past several weeks have witnessed a stunning attack on working people, with the Obama administration leading the charge. It started with Larry Summers, Obama’s chief economic adviser, responding to the A.I.G. bonuses by pontificating about the sanctity of contracts: “We are a country of law. There are contracts. The government cannot just abrogate contracts.” Like a mad dog pursuing its prey, he pounced on the conclusion that absolutely nothing could be done about the bonuses. Unfortunately, Summers voiced no similar outcry when the Obama administration, only weeks earlier, insisted that the U.A.W. contracts be renegotiated as a condition for the auto industry receiving a bailout, suggesting that a different set of rules applies to the rich than to the rest of us who constitute the majority and work for a living.

Toxic Plans for Toxic Assets (tags)

Obama stimulus from hell.

South Carolina Governor Mark Sanford Lauds D.C. Money Launderer James Dale Davidson ! (tags)

'But his( South Carolina Governor Mark Sanford's)career took a dramatic turn after he heard James Dale Davidson, founder of the National Taxpayers Union, give what Sanford recalls as an "apocalyptic" speech about excessive government spending. Sanford decided to run for Congress, pledging to end the deficit, eschew pay hikes and serve only three terms.' - Dec 01, 2008 McClatchy-Tribune Information Services

12/1 Lee Siu Hin: What We Should Expect from President Barak Obama? (tags)

If history can teach us something, the election of Obama and Clinton has many similarities: after the initial excitement we might experience the same disappointment and disillusion like Clinton-era--and even the possibility of Republicans can capitalize the public disappointment to regain the control of Congress at the future elections.....

Rosh Hashana Message: Celebrate Jewish Glasnost! (tags)

Despite a Backlash, Many Jews Are Questioning Israel

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