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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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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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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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Money and Morals

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

New York Times - By Paul Krugman - Feb. 10 (Opinion) - Conservatives have started telling us that the growing inequality is about a decline in morals. But it’s mainly about money.

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Komen Fundraiser Calls for CEO Nancy Brinker to Quit

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

readersupportednews.org - By Karen McVeigh - Feb. 10 (Opinion) - Ellis refers to her disappointment even as Brinker reversed the funding decision. "Brinker's words struck me as vague and hollow – no future commitment to Planned Parenthood and no specific apology to the low-income women who would have become the collateral damage from the defunding," Ellis wrote. "I also don't believe Brinker and her board when she claims that Komen's decision wasn't political."

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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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League of Conservation Voters: George Allen Named to Dirty Dozen

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

action.lcv.org - Feb. 10 (Press Release) - Former Virginia Senator George Allen earned an abysmal 1% LCV lifetime score during his time in the Senate. Additionally, Allen has received nearly $500,000 from oil and gas interests. This is Allen's 3rd time on the Dirty Dozen, having been named to the list in 2000 and 2006.

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Capitol Assets: Some legislators send millions to groups connected to their relatives - Washington Post

Wed, 08 Feb 2012 00:00:00 -0800

Washington Post - By Scott Higham, Kimberly Kindy, David S. Fallis - Feb. 08 (Investigative Report) - .. the practice has continued unabated, the Post found.

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I Will Not Be Pinkwashed: Komen's Race Is For Money, Not Cure

Sun, 05 Feb 2012 00:00:00 -0800

AlterNet - By Emily Michele - Feb. 05 (News Analysis) - I don’t know about you, but I would never expect directors of a charitable “non-profit” organization to make more than most doctors, lawyers, or even politicians. Their CEO and president, Hala G. Moddelmog, made $531,924, plus $26,683 in change. That's more than President Obama makes.

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57% of Republicans Should Just Be Democrats

Sat, 04 Feb 2012 00:00:00 -0800

readersupportednews.org - By Andrew Belonsky - Feb. 04 (Poll) - 'The White House hopeful should really consult with his party's less fortunate members: according to a Pew Research poll, 57% of lower-income Republicans - families that make less than $30,000 annually - think the government does 'too little' for their ranks.' Andrew Belonsky, Death and Taxes

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The Big Lie: “Rich People Create Jobs”

Fri, 03 Feb 2012 00:00:00 -0800

Yahoo! News - By Nick Hanauer - Feb. 03 (Opinion) - One of the most commonly repeated theories about job-creation is that "rich people create jobs"--specifically, rich investors and entrepreneurs who build companies that eventually employ hundreds or thousands of Americans. This theory is often used to justify very low taxes on investors and high-income earners, under the theory that such folks have to be given an incentive to "create jobs." But the trouble with the theory, says Nick Hanauer, is that it's just wrong.

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Minority Dems raised more in 2011

Fri, 03 Feb 2012 00:00:00 -0800

The Politico - By Alex Isenstadt - Feb. 03 - Minority Dems raised more in 2011

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"Gasland" Director Josh Fox Fires Back at Republicans After His Unfair Arrest

Thu, 02 Feb 2012 00:00:00 -0800

AlterNet - By Ed Schultz - Feb. 02 (Interview) - Gasland director Josh Fox, ... was arrested this week, in violation of his first amendment rights, while covering a Congressional hearing on fracking. In the interview, Fox fires back at the Republicans who have been targeting him

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Washington Is Rigged

Thu, 02 Feb 2012 00:00:00 -0800

readersupportednews.org - By Elizabeth Warren - Feb. 02 (Opinion) - Many people who work for a living pay 25, 28, or even 33% of their hard earned money on taxes. We should get rid of the special protections that allowed Mitt Romney to pay only 14% of his income in taxes. That's what the Buffett Rule is all about: making sure those who have already made it pay their fair share to help the folks behind them get ahead.

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Romney’s 1 Percent Nation Under God

Thu, 02 Feb 2012 00:00:00 -0800

nationofchange.org - By Amy Goodman - Feb. 02 (News Analysis) - Although Mitt Romney has yet to win a majority in a Republican primary, he won big in Florida. After he and the pro-Romney super PACs flooded the airwaves with millions of dollars’ worth of ads.

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6 Shocking Ways Capitalism Is Failing Working America

Wed, 01 Feb 2012 00:00:00 -0800

AlterNet - By Les Leopold - Feb. 01 (News Analysis) - Capitalism is coming apart at the seams and the middle-class is paying the price.

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Breasts Yes, Vaginas No? Race for the Cure Group's Bizarre Capitulation to Right-Wingers (And How to Hit Them Where it Hurts)

Wed, 01 Feb 2012 00:00:00 -0800

AlterNet - By Amanda Marcotte - Feb. 01 (News Report) - Despite Komen’s lame attempts to claim otherwise, it was widely understood that this was about Komen aligning itself with the anti-choice movement, despite the anti-choice movement’s long history of opposing not just safe and legal abortion, but also access to contraception and even the prevention of cervical cancer through the use of the HPV vaccine.

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In Florida Romney Trounces Competitors, But Gingrich Steals Thunder With Bizarre Speech

Wed, 01 Feb 2012 00:00:00 -0800

AlterNet - Feb. 01 (News Analysis) - After citing remarks made by President Abraham Lincoln at the 1863 dedication of a Civil War cemetery, Gingrich, a highly compensated historian, contended that he would continue to fight for the nomination by waging "a people's campaign -- not a Republican campaign, not an establishment campaign, not a Wall Street-funded campaign..." With those remarks, Gingrich effectively declared war on the Republican Party.

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Inside the Bacchanalian Wall Street Fraternity Party of Billionaire Bankers and Hedge Fund Predators

Tue, 31 Jan 2012 00:00:00 -0800

AlterNet - By Bill Moyers, Michael Winship - Jan. 31 (News Report) - They got together at the St. Regis Hotel off Fifth Avenue to eat rack of lamb, drink and haze their newest members, who are made to dress in drag, sing and perform skits while braving the insults, wine-soaked napkins and petit fours – those fancy little frosted cakes — hurled at them by the old guard. In other words, a gilt-edged Animal House, food fight and all.

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Panel: Start now to replace Nevada nuke site

Sat, 28 Jan 2012 00:00:00 -0800

tri-cityherald.com - By Matthew Daly - Jan. 28 (News Report) - The Union of Concerned Scientists said construction of an interim storage facility for nuclear waste poses a stiff political challenge and could distract from the more important goal of finding a permanent repository site.

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New Report Shows Big-Money Politics and Broadcast Media Are Undermining Democracy

Thu, 26 Jan 2012 00:00:00 -0800

FreePress.net - Jan. 26 (Special Report) - On Thursday, Free Press released Citizens Inundated, a report that follows the money trail from big-spending political donors to the bank accounts of the nation's largest broadcast companies.

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Medical Whistleblower Dr. Steven Nissen on "Escape Fire: The Fight to Rescue American Healthcare"

Mon, 23 Jan 2012 00:00:00 -0800

Democracy Now - By Amy Goodman - Jan. 23 (Interview) - As the Republican presidential candidates propose to dismantle President Obama’s 2010 healthcare reform package, we speak to Dr. Steven Nissen, one of the nation’s leading cardiologists. His research into Vioxx and Avandia led to severe restrictions by the Food and Drug Administration, reducing the use of both drugs. Nissen is profiled in the documentary, "Escape Fire: The Fight to Rescue American Healthcare," which is being featured this year at the Sundance Film Festival. The film tackles the powerful forces behind the battle over heathcare costs and access.

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Mitt Romney Tax Returns Released: Paid Just 13.9% Rate In 2010, Had Swiss Bank Account

Mon, 23 Jan 2012 00:00:00 -0800

Huffington Post - By Steve Holland, Kim Dixon - Jan. 23 (News Report) - Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $42.5 million in income over the years 2010 and 2011.

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Key Senator Abandons The Protect IP Ship

Wed, 18 Jan 2012 00:00:00 -0800

Huffington Post - By Zach Carter - Jan. 18 (News) - Home to the Disney World and Universal Studios theme parks, Rubio's Florida may be the most Hollywood-centric state outside California, and Rubio had been one of the first senators to sign on in support of Protect IP when Sen. Pat Leahy (D-Vt.) introduce

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Web Piracy Bills Invite a Protracted Battle

Mon, 16 Jan 2012 00:00:00 -0800

New York Times - By Jenna Wortham, Somini Sengupta - Jan. 16 (News Report) - The Obama administration’s statement of opposition to antipiracy legislation let the technology industry claim a victory, but few in Silicon Valley or Hollywood consider the battle over.

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