After the President of Ecuador was injured in what he called an attempted Coup D’état, Congressman Dennis Kucinich (D-OH) today wrote to President Obama, urging him to make it clear that the United States will only recognize the democratically elected government of Ecuador led by President Rafael Correa.
Follow @Evagolinger on Twitter for up to the minute updates on the Ecuador situation.
A third coup d’etat is underway against a nation member of the Bolivarian Alliance of the Americas (ALBA), a Latin American bloc of nations that opposes US hegemony in the region and has created new mechanisms for trade and integration based on principles of solidarity and independence from imperial powers.
I’m writing in response to the George Soros lectures recently given at the CEU and made available at the Financial Times web site.
I have a degree in economics and an MBA in Finance, both from highly regarded schools. It’s been 40 years since I got my Wharton MBA and it’s taken me almost that long to figure out that my degree was designed more to help me make money for people, (many of whom extract more from society than they contribute to it), than it was to help me understand the dysfunctional institutions they own or manage.
I think Soros made some excellent observations during his lectures and his ambitious attempt to formulate a new economic theory is noteworthy. My view is that his observations are not only insightful, as they obviously contributed to his success in business, but I think his theory, once expanded, will be helpful in preventing another debacle like the one we’re going through now. In any event, he’s right that something needs to change, as most of the economists we hear from in the main stream media operate inside a box that would best be dismantled. I think he made that point as well.
For Immediate Release: September 30, 2010 Contact: Dan Beeton, 202-239-1460
Washington, D.C. – There are currently reports of a possible attempted coup d’etat underway in Ecuador. There have been violent protests by police and some elements of the military, reports that President Correa has been injured, and reports that the air force has closed down a number of airports.
The Organization of American States will convene an emergency meeting at 2:30 Eastern Standard Time in Washington D.C., to consider the situation.
Lenin’s famous pamphlet ‘What is to be done?’ was written in 1901 and addressed in part, the issue of the political versus the economic struggle socialists have to engage in (not that the two can be separated) in order to get rid of capitalism.
To avoid misunderstanding, we must point out that here, and throughout this pamphlet, by economic struggle, we imply (in keeping with the accepted usage among us) the “practical economic struggle”, which Engels…described as “resistance to the capitalists”, and which in free countries is known as the organised-labour syndical, or trade union struggle. — Lenin, ‘What is to be done?‘
by Prof Michael Hudson
September 29, 2010
It is traditional for politicians to blame foreigners for problems that their own policies have caused. And in today’s zero-sum economies, it seems that if America is losing leadership position, other nations must be the beneficiaries. Inasmuch as China has avoided the financial overhead that has painted other economies into a corner, nationalistic U.S. politicians and journalists are blaming it for America’s declining economic power.
I realize that balance-of-payments accounting and international trade theory are arcane topics, but I promise that by the time you finish this article, you will understand more than 99% of U.S. economists and diplomats striking this self-righteous pose.
As the Beatles once sang, “oh I’ll get by with a little help with my friends/yes I’ll get high with a little help from my friends.” In this case I received some illuminating help from my friend, journalist, researcher and activist, Barbara Honegger on my last article The making of 9/11 activists.
As I wrote in it, Manny Badillo had related to me that he was a conservative in 2009, even attending a Tea Party in Boston for 9/11 Truth. I assumed and wrote: “Ironically, it was the conservative 9/11 Tea Party given in Boston in 2007 that put him on the path to 9/11 Truth.” The use of conservative was his, but the assumption that the Tea Party was a conservative property was mine.
Obama’s Health Plan is fatally flawed because it uses insurance companies to deliver healthcare, but the Health Plan also directly threatens Medicare.
People talk about “the healthcare crisis,” but actually there are two healthcare crises.
For us, the healthcare crisis is 51 million uninsured, stripping workers’ health plans, unaffordable health insurance that denies claims and charges high co-pays and deductibles, medical bankruptcies, a tattered safety net, dangerous mistakes in hospitals, and some of the worst health indicators in the industrialized word.
Panel 1 – Changing the Public Discussion
Participants: Jerome Slater, Adam Horowitz
Moderator: Will Youmans
Addressing: How has blogging/new media affected the public debate on Israel/Palestine? How has blogging/new media responded to the Main Stream Media and vice versa? What results has this interaction had on the public discussion of Israel/Palestine?
New Labour began as an ill-advised facsimile of the center-right shift of U.S. politics.
In the aftermath of the dreadful Dukakis campaign in 1988, Bill Clinton headed the ‘New Democrat’ movement to Reaganize the Democratic Party by tilting it to the right. Richard Gephardt, Bruce Babbitt, Lawton Chiles and Sam Nunn all gave the Democratic Leadership Council their backing. Al From became the founder and CEO of the party-within-a-party to drive public opinion to the right and displace the liberal paradigm that had sustained the Democrats since the days of FDR and JFK.
Cynical Cuts to Food Stamps the Definition of Cruelty; Offset Could Break Through Stalemate
Congressman Dennis Kucinich (D-OH) today announced that the Joint Committee on Taxation has estimated that his proposal to revoke corporate tax deductions for advertising and marketing expenses aimed at selling junk food and fast food to children could provide $15-19 billion (over 10 years) for child nutrition programs. The House version of the child nutrition reauthorization requires an $8.5 billion offset over 10 years while the Senate version requires a $4.5 billion offset over 10 years. The child nutrition bill that Congress could consider tomorrow is funded by cutting food stamps.
On October 7 the United States and its North Atlantic Treaty Organization military allies will begin the tenth year of their war in Afghanistan, over 3,000 miles from NATO Headquarters in Brussels.
The following month midterm elections will be held in the U.S. and NATO will hold a two-day summit in Portugal. The American administration is eager to achieve, or appear to have achieved, a foreign policy triumph in an effort to retain Democratic Party control of the Congress and NATO something to show for the longest and largest military mission in its 61 years of existence.