As bad as the U.S. economy is, the financial woes have officially created a global crisis. Central banks around the world have now slashed interest rates in concert with each other to little avail. Mexico's peso has slid to its lowest value in 16 years. On the verge of bankruptcy, Iceland nationalized its largest bank, Kaupthing, on Thursday. The country had already taken over two other banks and has now also suspended trading on its stock market to stifle further downtrends. In a move of hostility as viewed by some, the U.K. froze Icelandic bank assets. According to BBC News, “Prime Minister Gordon Brown has condemned Iceland's handling of the collapse of its banks and its failure to guarantee British savers' deposits.” Italy may buy stakes in their failing banks, as well.
A little known part of the bailout bill passed by our own Congress allows the Treasury Secretary to do the same in the U.S. As reported on This American Life last weekend, some unknown someone slipped some language into the bill giving the Secretary the option to buy stakes in failing banks rather than buying the bank's bad assets. This stock injection is the strategy preferred by the majority of economists. As of Thursday afternoon, it looked like Henry Paulson might just take that bait in the coming weeks. Thursday also marked the one-year anniversary of the Dow hitting its highest mark ever, 14,164. The market closed at 8,579 yesterday. The National Debt Clock in New York City has now run out of digit space thanks to our passing the $10 trillion mark last month and will have to use the dollar sign's space until a bigger clock can be installed next year.
Another victim of the current economic and political turmoil is the education system in Zimbabwe. President Robert Mugabe has canceled the academic year for 4.5 million students in his nation who have had only 23 days of uninterrupted classroom time so far this year. And that's only part of the story. The Times reports, “Six teachers were murdered and thousands assaulted by Zanu (PF) militia in the violence that marred the second-round presidential election on June 27. Schools were looted and turned into torture centres. Teachers disappeared. Many are still unable to return for fear of being disciplined.”
The World Economic Forum released its rating of banking systems around the world this week. Canada received top honors with a 6.8 out of 7 score, followed by Sweden (6.7), Luxembourg (6.7), Australia (6.7) and Denmark (6.7). The U.S. landed at #40 of 134, with the U.K. taking #44.
One very important story that is starting to rear its head again is illegal voter purging. According to the New York Times, at least six swing states have been caught purging tens of thousands of voters from their rolls and this is probably illegal. Some of the states in question: Colorado, Indiana, Ohio, Michigan, Nevada and North Carolina. Of course the election officials taken to task deny any wrongdoing. To get a handle on the issue in all its glory and detail, I highly recommend listening to Thursday's episode of Democracy Now! Amy Goodman talks to investigative journalist Greg Palast and Ohio's new Secretary of State Jennifer Brunner.
90 Comments
So, I think I know a thing or two about bigotry.
me too.
Please check your facts ...
Good morning, Minnie --
Please check your facts ... Go to your profile and click the "my comments" section. Please then count up the number of times you've called people here sexist, witch-burners, etc. and the number of times you've tarred the whole of OurChart as sexist. Then please go to my profile and click on "my comments" and count the number of times I've called anyone here racist. I can save you the trouble on that second experiment -- the number is zero; I don't engage in name-calling.
I have said that there are racists in this country -- is that something you disagree with? There truly are people who are rabid NoBamas because of their racism. I have also said that those people FAR outnumber the few remaining PUMAs. The PUMAs are a vocal, tiny faction who will impact the General Election not a whit. They won't be silenced, but they also won't be persuasive. The racist vote may impact the General Election in certain swing states, but, hopefully not. We shall see.
Also, Hillary's political machine was WAY more corrupt than Obama's. Fraud, corruption, bullying, payoffs, spin, lies = Hillary's campaign. Do you really think the Clintons don't play down and dirty politics? Really??
Onward Into The Fray,
Melanie
Register to Vote here http://rockthevote.org/
noble as thee
Perhaps this is a subtle difference that you don't catch, but I do not call people names either.
I describe qualities. Something someone wrote is sexist or misogynist. Or someone would accompany or cheer on the witch burners.
so there.
And no, I do not beleive that Hillary "plays down and dirty politics".
I think she is a great, upstanding, far-more-giving person than I could ever be and she has a brilliant, brilliant mind. She still has a very alive playful side and she is resiliant. She has actually achieved a lot in life (without resorting to "technicalities" in order to wipe out her election competition so she could win, as Obama did) and many things - the thousands of people she has personally helped - she does not even make public.
The subtle difference ...
Hi Minnie,
I would say it's splitting hairs to say that you didn't call posters sexist/witch-burners etc. but called what they wrote sexist/witch burning. Not so much a subtle difference as malarkey, methinks. There are rules of civilized rational political discourse that would have people critique arguments on the basis of those arguments -- their internal coherence, their logic, their adherence to the facts -- rather than on name-calling of the argument.
About Hillary being holier than thou -- Please go back over the political posts here on OurChart and you'll find that -- contrary to popular belief -- it's been the Hillary supporters and not the Obama supporters who have engaged in idolatry. (And, yes, what I did there was characterize/critique what you wrote with a pejorative broad brush ... So I'm not calling you an idol worshiper, I'm just saying that what you write is idolatry. Subtle difference, eh?)
Do More Than in 2004,
Melanie
Sign up to Volunteer Here: http://www.barackobama.com/index.php
Wow
I couldn't have put that one better!
Illegitimi non carborundum
I think race is far more complicated
than Americans are willing to acknowledge. Check out this interesting op-ed (which I posted on another thread previously) that challenges our notions about racism. Yes, there will always be a segment of the population who are overtly racist, and fortunately that population has dwindled. But the number of people who hold latent prejudices that they're not even aware of has held steady. Why? Because it's very difficult to have an honest dialogue in America about race, which is one of the reasons I'm grateful for Obama's candidacy, because it has FORCED the issue.
http://www.nytimes.com/2008/10/05/opinion/05kristof.html?hp
From the article:
For decades, experiments have shown that even many whites who earnestly believe in equal rights will recommend hiring a white job candidate more often than a person with identical credentials who is black. In the experiments, the applicant’s folder sometimes presents the person as white, sometimes as black, but everything else is the same. The white person thinks that he or she is selecting on the basis of nonracial factors like experience.
Research suggests that whites are particularly likely to discriminate against blacks when choices are not clear-cut and competing arguments are flying about — in other words, in ambiguous circumstances rather like an electoral campaign.
For example, when the black job candidate is highly qualified, there is no discrimination. Yet in a more muddled gray area where reasonable people could disagree, unconscious discrimination plays a major role.
“In the U.S., there’s a small percentage of people who in nationwide surveys say they won’t vote for a qualified black presidential candidate,” Professor Dovidio said. “But a bigger factor is the aversive racists, those who don’t think that they’re racist.”
Faced with a complex decision, he said, aversive racists feel doubts about a black person that they don’t feel about an identical white. “These doubts tend to be attributed not to the person’s race — because that would be racism — but deflected to other areas that can be talked about, such as lack of experience,” he added.
Great points as usual Mel.
Great points as usual Mel. :)
The only thing I would ad is that....and you know I'm an Obama supporter...all politicians engage in bullying and twisting the truth from time to time....yes even Barack Obama. He's not perfect and I don't think the Clinton's are the totally evil, corrupt souls that you think they are.
Obama's just the best we have right now. :-)
xoxo
I agree with you
Good morning, PK --
I agree with you -- ALL bigtime political machines have a high funk factor. Absolutely. Obama is not above it all and Hillary isn't a terribly diseased cretin. Politics is a nasty business, but both Obama and HRC are fighting for the right causes.
And I actually don't think Hillary is evil -- corrupt, yes -- but not evil. I also think she grew immensely over the course of the primaries and found a much surer populist footing. I don't think the current version of Hillary would have voted for the war. I fervently hope she becomes Senate Majority Leader and holds that post for decades. I think she's brilliant and is just the person to replace Kennedy as the Liberal Lion of the Senate. Yes.
But to cast the Democratic Primary as evil Obama taking advantage of the poor defenseless lofty Clinton machine is utter nonsense.
Onward Into The Fray,
Melanie
Register to Vote here http://rockthevote.org/
Compulsory voting
All of these accusations about ACORN and Republican suppression of the vote and dirty political machinery make a very strong case for compulsory voting. I know Americans have a knee-jerk distaste for the idea because they think it impinges on their freedom. But look at all the corruption we're willing to accept instead. Doesn't that impinge on freedom? I say let's give it a try!
p.s. wonder who would scream the loudest if mandatory voting was up for consideration...my guess is it would NOT be the Democrats!
disagree
"...the number of times you've tarred the whole of OurChart as sexist."
I haven't tarred anything. I have critisized. Could it be I am a bit more sensitive to lesbian sexism than you?
I am also not a "cheerleader". There are good things about this site and there are bad.
I have not vilified or ever claimed Obama to be "evil", as you project.
Actually, you have, and far worse
You have called the women here sexist, racist, misogynistic, and have compared us to the Hitler Youth. You have wrongly accused those voting third party of being stealth Obama supporters, for calling you out on this behavior, as well as for not supporting McCain-Palin.
In the meantime, you have refused to engage in a debate on policy differences between your candidate (McCain) and the others on the ballot. You have refused to point out similarities between Clinton's positions and McCain's, and how these differ from Obama's, or those of any other candidate.
As one of the most vocal McCain supporters here, I would think you would be willing to debate such issues. Instead, you have engaged in a hate-directed campaign of misinformation, disinformation, and distractions. And now, you are denying your own words, as well as the obvious intent behind them, claiming you somehow have a special insight into things no one else does.
After reading nearly all of your posts over the last few months, the reason for your opposition to Obama is stunningly clear to me. I'll leave it up to others to form their own conclusions.
Illegitimi non carborundum
whatever!
I don't respond if I feel the commenter has not read what I've written or drawn over-the-top, overblown conclusions.
I also do not respond to comments I consider illogical.
As for your accusations: whatever!
You can vote for McCain, but
you realize that the woman you support is an Obama supporter and would want nothing to do with your obstinate foolishness.
not a sheep
Tiffany, I like many other Hillary supporters have our own minds and do not blindly "follow our leader" at all costs.
I've commented on the reasons several times. In a nutshell: Character before issues (issues that I do not believe Obama will stand up for anyway, just like public funding, FISA, telecomm immunity, faith-based program funding, and everything else he's flipped on).
Believe what you will
but bear in mind that Senator McCain is old, and it's a likely possibility that your vote could put Sarah Palin in the most powerful position in the United States.
Your posts during the Primaries criticized Obama's "lack of experience." However, I imagine you'll find some way to "explain" why in Palin's case, lack of experience isn't as big of an issue. Your stance flip-flops more often than Obama. The only thing that remains constant is your obvious hatred of Senator Obama.
If Senator McCain wins and LGBT rights and women's rights and environmental progress go backward in time, and the U.S. continues to start unnecessary wars, the so-called Clinton supporters who are backing McCain will be partially to blame. Frankly, if you've chosen to support McCain, you weren't particularly dedicated to the issues Senator Clinton was fighting for in the first place.
Don't blame Obama for flipping on issues (something every presidential candidate in history has done, and something Clinton probably would have done as well) when you're even worse. It's a good thing you're not running for President.
You don't give real reasons why your candidate is a better choice, you just give reasons why you don't support Obama. Based on the continued whining about how "bad" Obama is, I imagine the main reason (whether you'll admit to it or not) is hurt feelings over the Primaries. In the last presidential election, that sort of petulance resulted in four more years of Bush.
Ameri
"However, I imagine you'll find some way to "explain" why in Palin's case, lack of experience isn't as big of an issue."
1) she's in the #2 spot, not #1
2) I am not freaked by age: American culture does not value age but other cultures do. I am influenced more on that issue by other cultures who value and respect experience.
3) Palin is not corrupt and she has a proven track record of acting in the interests of her constituents. Barack is corrupt and has achieved very little.
4) Americans tend to be extreme. Criticism is seen as "going negative" or even as "hatred", as you wrote. Think about what you write and look at my words. If I "hated" Obama I would say so. I don't mince words and I am not dishonest.
"Don't blame Obama for flipping on issues (something every presidential candidate in history has done, and something Clinton probably would have done as well) when you're even worse. It's a good thing you're not running for President."
Is it possible for you to comment without insulting in such a personal way?
Amazing
that you managed to ignore every point I made.
1.) The number two spot can easily become the number one spot when the Presidential candidate is over seventy.
2.) McCain has shown his age in more than one debate. Valuing age is one thing. Putting a nation at risk by allowing a man who forgets what he's said five minutes before to run the country is something else entirely.
3.) Every day something new comes out about Palin. Firing someone because he refused to fire the guy who divorced one of her family members? No, that's not corrupt at all. Using private email accounts so your records can't be checked? Not suspicious in the slightest. How exactly does her acting in the interests of her constituents make her desirable, when her interests include taking away a woman's right to choose and offshore drilling? If you're okay with that, then you never understood what Hillary Clinton was running for in the first place.
4.) Your posts on this site tend to be more inflammatory and "extreme" than almost anyone else's comments. When you go from supporting a liberal democrat to a conservative Republican, while continuing to attack only one candidate, it's clear you have some personal problem with the idea (because I'm assuming you don't actually know the man) of Barack Obama.
5.) Your comments on this site are by far the most insulting to individuals. As numerous other OurChart members have pointed out (saving me the trouble of elaborating on the issue) you have attacked individuals and the site as a whole, calling them sexist and worse. Those in glass houses shouldn't throw stones.
You may not mince words and you may not be dishonest, but at the very least you are a hypocrite.
sticks & stones
At least I don't call you names!
perhaps
not me, but plenty of other women on this site. as the post below mine points out.
Go back and look
Good morning, Minnie,
When you said that OurChart is one of the most sexist sites on the web, what did you mean?
Also, you ask: "Could it be I am a bit more sensitive to lesbian sexism than you?" I have spent my entire adult life fighting against the gatekeeper kind of mentality that asks people to show their credentials before they are welcomed, admitted, listened to. I don't believe in sending people to the back of the bus for any reason. If I see people sitting at a lunch counter demanding to be served, I will always go sit with them, whether or not I look like them. I proudly judge people by the content of their character, not by the color of their skin, their sexual orientation, their gender.
And I judge people's arguments on the merits. The problem with your argument that you have superior sensitivity to lesbian sexism is that this website you have tarred as sexist is run by lesbians whose membership in the club is as good as yours.
One last thought, when you call yourself a "Hillary Supporter for McCain" are you not implicitly saying that Hillary Clinton has bad judgment since she supports Obama?
Onward Into The Fray,
Melanie
Register to Vote here http://rockthevote.org/
The problem is
you are sighting a single source and purporting it as fact, facts need to be crossed checked and tested before someone can say it's 'true'. There are no other sources that have evidence to prove what you are speculating here - so I fail to see what your point is.
Of course, I think Hilary was set up for failure by the democratic party (not by Obama, I think he played as far as Hilary)... but that thought is also nothing more then speculation.
If you want to get the truth out there, get us some real evidence that hasn't been collated, and retold, by a single party.
I wrote this yesterday.
I watch RSS feeds from 16 sources, half of which are Google and Yahoo News searches. The ACORN story wasn't in any of them when I pulled this piece together.
who's feeding the feeds?
of interest
http://www.democracynow.org/2008/10/9/greg_palast_on_vote_rigging_and
a good source for outside-the-box coverage
http://www.informationclearinghouse.info/
A smattering of tastes...
Google News, Yahoo News, BBC, Advocate, HuffPo, CNN, Slate, 365Gay etc etc
I'm glad
To be both french and canadian... when i'm back in montreal, i'll make room in my house for US economical refugies.
I'm doing the same thing
But in the US of A. There will be plenty of economic refugees who will need to stay here. Some will actually still have jobs, but their housing will be long gone.
Lezbeth
Actually
In france, in an economical magazine they show pics of a camp with peoples who has lost there house in the US, they put a flag up side down. the G7 and the FMI is gathering to find a way to solve the crisis, usually, there is full of altermondialist demonstrator and riot but this time they will do wathever they want under the cover of the crisis.
COMRADE BUSH
OH COMRADE BUSH
THIS MADE ME WANNA POST THAT AGAIN
资本主义好啊~资本主义好!
资本主义国家钞票容易捞!
有债券,有股票,股指期货黄金石油一起搞。
全国人民大按揭,
掀起了资本主义次贷高潮啊,次贷高潮!
0
资本主义好啊~资本主义好!
资本主义国家人民水平高!
贷了款,还不了,房子一甩拍拍屁股破产了。
全国来救华尔街,
掀起了资本主义倒闭高潮啊,bailout叨B叨!
房利美,投降了,雷曼WaMu撑不住就上吊了。
资产阶级大骂街,
眼看着道琼指数再也没高潮啊,再也没高潮
LOVE SPREADS AROUND
PPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP
that's exactely
what i was thinking about
LET OBAMA KNOCK BUSH DOWN AS
LET OBAMA KNOCK BUSH DOWN AS SOON AS POSSIBLE
as i said
that's what i was thinking about
does
the world seem more chaotic now than ever before???
It really does.
Makes me want to hide under the covers.
Or cry.
I'm in the fetal position .....
until we go to Canada....;)
BUBBA LOVE
LAKE
Did you notice...?
Canada has the best banking system in the world!
Yes I did.....so when are we leaving????
BUBBA LOVE
LAKE
the chinese
aren't doing too bad either...
Cool a Summer place!! ;)
BUBBA LOVE
LAKE
For a second
i thought you said a "Summer Palace" very Chinese of you...
Yeah that's what I meant....LOL!!! ;)
BUBBA LOVE
LAKE
"The greatest gift you can give someone is to truly listen." Kerri Mosley