The Federal Reserve (the Fed) – the United States’ version of a Central Bank – is a strange duck. It is the U.S. government’s most powerful regulatory agency. It, after all, regulates money and interest rates. Yet, its budget comes entirely from the banking industry and relationships with the financial industry. So Congress, which appropriates money for all other federal agencies, has little leverage over the Fed’s operations.
RT America on Jun 29, 2019
“Trump has taught us a lot about ourselves. He has taught us what happens when we don’t do our homework. He has taught us what happens when we don’t spend time on our civic duties back home….” In the second part of Chris Hedges’ interview with Ralph Nader, activist and attorney, on the importance of a civic life.
RT America on Jun 22, 2019
Chris Hedges discusses the lifetime achievement of activist and attorney Ralph Nader, in his creation of government regulation and regulatory agencies to protect the rights and lives of the public. His work began with seat belt regulation and lead to the passing of the Clean Water Act and Clean Air Act.
Plutocrats like to control the range of permissible public dialogue. Plutocrats also like to shape what society values. If you want to see where a country’s priorities lie, look at how it allocates its money. While teachers and nurses earn comparatively little for performing critical jobs, corporate bosses including those who pollute our planet and bankrupt defenseless families, make millions more. Wells Fargo executives are cases in point. The vastly overpaid CEO of General Electric left his teetering company in shambles. In 2019, Boeing’s CEO got a bonus (despite the Lion Air Flight 610 737 Max 8 crash in 2018). Just days before a second deadly 737 Max 8 crash in Ethiopia.
Updated: May 22, 2019
For all the rhetoric and all the charities regarding America’s children, the U.S. stands at the very bottom of western nations and some other countries as well, in terms of youth well-being. The U.S.’s exceptionalism is clearest in its cruelty to children. The U.S. has the highest infant mortality rate of comparable OECD countries. Not only that, but 2.5 million American children are homeless and 16.2 million children “lack the means to get enough nutritious food on a regular basis.”
The New York Times screamed its headline — “In 1997, Apple was 90 Days from Going Broke. On Thursday [Aug. 2, 2018], it became the first publicly traded American company to be valued at… $1,000,000,000,000.” The first trillion dollar company!
When will the authoritarians and their political henchmen stop harassing American voters and let all citizens vote? No other Western country comes close to imposing so many obstructions for certain categories of people to keep them from the voting booth. In Canada, England, France, Germany, Norway, Sweden, Denmark, it is very easy to vote.
Mr. Mulvaney’s title seems uninterestingly bureaucratic—director of the Office of Management and Budget (OMB). But as Trump’s chief hatchet man extraordinaire, Mugger Mick Mulvaney is easily one of the cruelest, most vicious presidential henchman in modern American history. From his powerful perch next door to the White House, he is carving a bloody trail against tens of millions of Americans who are poor, disabled, frail, and elderly. He has gone after defenseless children and injured or sick patients with little or no access to health care.
Top military, diplomatic, and political leaders have exposed, warned of, and condemned our runaway, unaudited military budgets for decades, to no avail. (For many examples, see America’s War Machine: Vested Interests, Endless Conflicts by James McCartney, with Molly Sinclair McCartney.) They usually come to the same desperate conclusion: that only organized citizens back in their Congressional Districts can make Congress stop this spending spree. Only us, Americans!
In mid-May, super-war hawks Donald J. Trump (worried about the Mueller investigation), John Bolton, Trump’s new unconfirmed national security advisor, and new Secretary of State Mike Pompeo, are likely to pull out of the Iran nuclear accord. This would open the way for Israel’s Prime Minister, Benjamin Netanyahu, and his Congressional allies to push for armed conflict with Iran.