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'Naked Short Selling'

Wed, 16 May 2012 00:00:00 -0700

readersupportednews.org - By Matt Taibbi - May. 16 (Investigative Report) - “Fuck the compliance area – procedures, schmecedures,” chirps Peter Melz, former president of Merrill Lynch Professional Clearing Corp. (a.k.a. Merrill Pro), when a subordinate worries about the company failing to comply with the rules governing short sales. We also find out here how Wall Street professionals manipulated public opinion by buying off and/or intimidating experts in their respective fields.

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Mitt Romney Debt Speech Ignores Key Facts

Wed, 16 May 2012 00:00:00 -0700

Huffington Post - By Tom Raum - May. 16 (News Analysis) - When Republican presidential hopeful Mitt Romney decried the "prairie fire" of U.S. debt Tuesday, he ignored some of the sparks that set...

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Crony Capitalism: After Lobbying Against New Financial Regulations, JPMorgan Loses $2B in Risky Bet

Tue, 15 May 2012 00:00:00 -0700

Democracy Now - By Amy Goodman - May. 15 (News Analysis) - The loss has renewed calls for tougher regulation of Wall Street, with critics saying JPMorgan could have avoided it under regulations the bank opposed.

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Austerity is Sinking Economies from Europe to U.S.

Tue, 15 May 2012 00:00:00 -0700

Democracy Now - By Amy Goodman, William Black - May. 15 (Interview) - White-collar criminologist and former senior financial regulator William Black addresses the grassroots reaction to austerity measures in Europe -- from the "Indignados" movement in Spain to the anti-bailout elections in France and Greece -- as well as in the United States, where the Occupy movement is re-emerging as the presidential campaign gets into full gear. "Finance is supposed to simply be a middleman to help the real economy," Black says. "It in fact now completely dominates and is a parasite on the real economy. German austerity has pushed the entire eurozone into recession and the periphery into Great Depression-level unemployment. And the same arguments are being made in the United States and are used as a pretext to try to destroy Social Security, Medicare and Medicaid. It is economically illiterate, but politically attractive." [includes rush transcript]

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OpEdNews - Article: Romney, Unzipped & Exposed as Babbitt Clone

Tue, 15 May 2012 00:00:00 -0700

Op Ed News - May. 15 (Opinion) - What if it turns out Romney is little more than Sinclair Lewis' Babbitt on steroids, with more money, clout, and ability to do harm? A classic satire has much to teach about today's politics.

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Noam Chomsky: Palestinian Hunger Strike A Protest Against "Violations of Elementary Human Rights"

Mon, 14 May 2012 00:00:00 -0700

Democracy Now - By Amy Goodman, Noam Chomsky - May. 14 (Interview) - A tentative deal has reportedly been reached to end a landmark action that's seen an estimated 2,000 jailed Palestinians go without food to pressure Israeli prison authorities to end the use of solitary confinement and ease a wide range of restrictions. "The hunger strikes are a protest against violations of the elementary human rights," Chomsky says.

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Activist Group's Founder Reportedly Arrested

Mon, 14 May 2012 00:00:00 -0700

Huffington Post - May. 14 (News Report) - An environmental activist group known for its confrontations with whalers and fishermen says its founder has been arrested in Germany for extradition to Costa Rica for allegedly interfering with a shark fishing boat.

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Occupy Wall Street "Has Created Something That Didn't Really Exist" in U.S. — Solidarity

Mon, 14 May 2012 00:00:00 -0700

Democracy Now - By Amy Goodman - May. 14 (Interview) - Noam Chomsky says the Occupy movement has helped rebuild class solidarity and communities of mutual support on a level unseen since the time of the Great Depression. "The Occupy movement spontaneously created something that doesn't really exist in the country: Communities of mutual support, cooperation, open spaces for discussion ... people doing things and helping each other," Chomsky says. "That's very much missing. There [has been] massive propaganda going on for a century, that you really shouldn't care about anyone else, just yourself ... To rebuild [class solidarity] -- even in small pieces of society -- can become very important, can change the conception of how society ought to function." Chomsky also gives his assessment of President Obama, whom he says has attacked civil liberties in a way that "goes beyond George W. Bush."

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Sick U.S. Army Chants Describe Rape, Killing Kids

Mon, 14 May 2012 00:00:00 -0700

infowars.com - May. 14 (News) - Lew Rockwell Blog | "One, two, three, four. Every night we pray for war. Five, six, seven, eight. Rape. Kill. Mutilate."

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President Obama Scolds The Media During Barnard College Speech

Mon, 14 May 2012 20:45:00 -0700

mediaite.com - May. 14 - President Barack Obama spoke to the graduating class of Barnard College on Monday, where he decried the state of the news media and its persistent focus on negative stories. “Faith in our institutions has never been lower,” said Obama. “Particularly when

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Obama says Romney would cut his own taxes while raising others’