July 16, 2010
The Food Bubble: How Wall Street Starved Millions and Got Away With It
While Goldman Sachs agreed to pay $550 million to resolve a civil fraud lawsuit filed by the SEC, Goldman has not been held accountable for many of its other questionable investment practices. A new article in Harper’s Magazine examines the role Goldman played in the food crisis of 2008 when the ranks of the world’s hungry increased by 250 million. We speak to Harper’s contributing editor Frederick Kaufman. [includes rush transcript]
Frederick Kaufman, contributing editor of Harper’s Magazine. Author of the piece The Food Bubble: How Wall Street Starved Millions and Got Away With It from the July issue of the magazine.
by Dahr Jamail
t r u t h o u t (with more photos)
18 July, 2010
For the first time in 87 days, little or no oil could be escaping into the Gulf of Mexico from BP’s Macondo well. The new capping stack was deployed on July 11 from onboard the Transocean Discoverer Inspiration.
With a new containment cap atop the damaged well, many are hopeful.
But all is not well, after all.
National Incident Commander Thad Allen said Friday that the pressure within the cap is not increasing, as was expected.
Maksim Bakiyev: A Groomed Puppet Who Never Came to Be King
Kyrgyzstan’s Wanted Fugitive: Maksim Bakiyev. The story is more or less the same – the one that has been repeating itself for many decades. The one based on a script written by the very same conductors who wrote the ones before, and who will probably be writing the ones to come (yes, they’re blessed with longevity; a curse for the rest of us). The location – always a resource rich country or one strategically crucial to resource rich countries. A viable candidate (sometimes candidates) chosen based on the exact same set of criteria – such as degree of corruptibility, and degree of atrocity or criminal tendencies. Continue reading
by Danny Lucia
July 14, 2010
IN THE past year, the mayor of New York City has become $2 billion richer while his city has grown $1 billion poorer.
When this type of thing happens in a country in Africa or Central Asia, we call it a “failed state.” Their failure, apparently, is a lack of subtlety. Looting your country’s grain reserves to build the world’s largest tetherball arena makes you a kleptocratic dictator. But if you get stinking rich selling information technology to the banks that have looted your treasury through bailouts, well, you’re just Mayor Mike.
Info-map orders: PIAG
Update: 7.20.10 added Part 2
Update: 7.19.10 replaced video
[Note: video taken down by TRNN; will replace it when a new one becomes available.]
TheRealNews | July 17, 2010
Dr. Mustafa Barghouti on Palestinian political dynamics and the realities of Middle East Peace
The U.S.-based social-networking monolith Facebook has begun an all-out assault on its members, deleting three active groups that advocated for progressive and radical causes, permanently banning the accounts of four individuals who administered one group, and sending threatening messages to others.
The groups deleted include Boycott BP, a campaign against the Big Oil company responsible for one of history’s worst ecological disasters; the PFLP Solidarity Group, based in New Zealand with members around the globe, in support of the Palestinian resistance movement; and Free Ricardo Palmera, a group advocating support for a leftist Colombian guerrilla leader who is imprisoned in the U.S. in violation of international law.