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Van Jones: Bank Settlement: $25B Down, $675B to Go

Sun, 12 Feb 2012 00:00:00 -0800

readersupportednews.org - By Van Jones - Feb. 12 (News Analysis) - 'We must not forget the more than 14 million homeowners (one in five) whose homes are underwater, beneath a crushing total $700 billion in negative equity. We must not forget the more than 4 million families who have lost their homes.' Van Jones, Reader Supported News

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Arabs to discuss Syria escalation

Sun, 12 Feb 2012 00:00:00 -0800

BBC News - Feb. 12 (News Report) - Basic supplies are said to be running low in Homs Arab foreign ministers are meeting in Cairo on Sunday to decide their next move after a resolution on Syria failed in the UN Security Council last week.

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American Airlines' attempt to ditch pension riles feds, labor unions

Sat, 11 Feb 2012 00:00:00 -0800

Seattle Times - By Steven Mufson - Feb. 11 (News Report) - Now in bankruptcy proceedings, the airline wants to terminate its four pension plans for 130,000 workers and retirees and ask the government's Pension Benefit Guarantee Corp. to bail out its unfunded pension obligations to the tune of $9 billion.

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Where Americans Most Depend on Benefits

Sat, 11 Feb 2012 00:00:00 -0800

New York Times - Feb. 11 (Special Report) - The share of Americans’ income that comes from government benefit programs, like Medicare, Medicaid and Social Security, more than doubled over the last four decades, rising from 8 percent in 1969 to 18 percent in 2009.

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CPAC Panel: ‘Celebrate’ Citizens United Ruling

Sat, 11 Feb 2012 00:00:00 -0800

nationofchange.org - By Michael Beckel - Feb. 11 (News Report) - Anonymous political speech. Foreign money in U.S. elections. The proliferation of super PACs. How grave a threat do any of things pose to American democracy? Not much, according to a panel of conservative attorneys, who gathered Thursday at the Conservative Political Action Conference in Washington, D.C. The high-profile legal minds on the CPAC panel largely agreed that the changes to the campaign finance landscape are grounds for celebration.

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Maddow: Does Ron Paul’s Delegate ‘Sneak Attack’ Strategy Undermine Voter Will?

Sat, 11 Feb 2012 00:00:00 -0800

infowars.com - Feb. 11 (News) - You Tube | Doug Wead on The Rachel Maddow Show MSNBC 2/10/12

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Mind-Blowing Charts From the Senate's Income Inequality Hearing

Fri, 10 Feb 2012 00:00:00 -0800

Mother Jones - By Josh Harkinson - Feb. 10 (News Report) - In another sign that Democrats have embraced income inequality as a cause célèbre, the Senate Budget Committee held a hearing on the subject today. The committee's ranking Republican, Jeff Sessions of Alabama, managed to look concerned during two hours of testimony about the kneecapping of the Middle Class—not that it should have been all that difficult. Here are some of the hearing's most striking charts ...

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The health care law, Catholics and birth control

Fri, 10 Feb 2012 00:00:00 -0800

PolitiFact - By Becky Bowers - Feb. 10 (Fact Check) - Is President Barack Obama’s administration requiring the Catholic Church to provide birth control coverage to nuns? As rhetoric rises in a clash between Catholic leaders and the federal government over a rule requiring co-pay-free coverage of contraceptives in most health plans, here’s a guide. What the rule says The newly final rule stems from the Affordable Care Act of 2010 — what Republican presidential candidates call "Obamacare." It affects the health plans employers offer their ... >>More

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50-State, $25B Mortgage Settlement: Relief for Struggling Homeowners or Bailout for Big Banks?

Fri, 10 Feb 2012 00:00:00 -0800

Democracy Now - By Amy Goodman - Feb. 10 (News Analysis) - The U.S. Justice Department has unveiled a record mortgage settlement with the nation's five largest banks to resolve claims over faulty foreclosures and mortgage practices that have indebted and displaced homeowners and sunk the nation's economy. While the deal is being described as a $25 billion settlement, the banks will only have to pay out a total of $5 billion in cash between them. We speak to one of the settlement's most prominent critics, Yves Smith, a longtime financial analyst who runs the popular finance website, "Naked Capitalism." "The settlement, on the surface, does look like it's helping homeowners," Smith says. "But, in fact, the bigger part that most people don't recognize is the way it actually helps the banks with mortgages on their own books... The real problem is that this deal is just not going to give that much relief." [includes rush transcript]

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Keystone Pipeline Facts

Fri, 10 Feb 2012 00:00:00 -0800

readersupportednews.org - By Robert Redford - Feb. 10 (News Analysis) - 'Joe Nocera's op-ed in the New York Times yesterday deserves a response and a reiteration of the facts surrounding the Keystone XL tar sands pipeline. ...Let's put the rhetoric aside, and simply focus on the facts. Nocera wants us to believe that approving this pipeline is a matter of national security. ... The Keystone XL tar sands pipeline would not make the United States of America safer. Why? It would not make us safer, because the majority of the processed oil was already scheduled for export to foreign countries. That's right, this Keystone XL pipeline's Canadian tar sands oil would have

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How Conservative Elites Stoke Racist Anxieties to Gain Power and Split Blacks and Whites

Fri, 10 Feb 2012 00:00:00 -0800

AlterNet - By Chauncey DeVega - Feb. 10 (News Analysis) - Newt Gingrich calling Obama a “food stamp president,” Rick Santorum implying that African Americans are parasites who leach off of white people, and Ron Paul’s old newsletters, which describe black men as monstrous beasts (“giant negroes” who stand ready to attack whites at any moment), are examples of this phenomenon on the national stage.

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Spanish Judge Baltasar Garzón Disbarred in Trial Seen as Retaliation for Trailblazing Human Rights Work

Fri, 10 Feb 2012 00:00:00 -0800

Democracy Now - By Amy Goodman - Feb. 10 (News Report) - Spain’s most famous judge, Baltasar Garzón, has been disbarred for 11 years after being found guilty of ordering illegal monitoring. Garzón is known for taking on global human rights cases under the doctrine of universal jurisdiction, with actions including ordering the arrest of former Chilean dictator Augusto Pinochet in 1998, indicting Osama bin Laden for the 9/11 attacks, and probing the abuse of U.S. prisoners at Guantánamo Bay. Garzón cannot appeal his disbarment, which effectively ends his career as a judge. We speak to Human Rights Watch's Reed Brody, who observed Garzon’s trial in Madrid. Brody says the case marks "a massive attack on the independence of the judiciary and on a very brave judge." [Rush transcript to come. Check back soon.]

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Taibbi: Mortgage Fraud Settlement is More Like a Bailout Than Justice

Fri, 10 Feb 2012 00:00:00 -0800

AlterNet - By Kristen Gwynne - Feb. 10 (News Analysis) - Tabbi says that as more of the banks' bad behavior is exposed, it will become obvious that they must shut down to pay for their crimes, because the reparations necessary would bleed them dry. This settlement, he says, is a "kewpie doll" for victims of banker greed, and won't "stem the tide or turn the tables for these people."

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US Marines posed with Nazi symbol in Afghanistan

Fri, 10 Feb 2012 00:00:00 -0800

Yahoo! News - Feb. 10 (News) - The Marine Corps on Thursday once again did damage control after a photograph surfaced of a sniper team in Afghanistan posing in front of a flag with a logo resembling that of the notorious Nazi SS — a special unit that murdered millions of Jews, gypsies and others.

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Survey Paints Portraits of Black Women In America

Thu, 09 Feb 2012 00:00:00 -0800

Washington Post - Feb. 09 (News) -

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Adele explains how she swore without her voice (Video) - Celebritology 2.0

Thu, 09 Feb 2012 00:00:00 -0800

Washington Post - Feb. 09 (News) -

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Asia's highest mountains have lost no ice in past 10 years, study shows