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The Austerity Debacle

Mon, 30 Jan 2012 00:00:00 -0800

New York Times - By Paul Krugman - Jan. 30 (Opinion) - Britain is doing worse this time than it did during the Great Depression. Four years into the Depression, British G.D.P. had regained its previous peak; four years after the Great Recession began, Britain is nowhere close to regaining its lost ground.

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Undercover police had children with activists

Sun, 22 Jan 2012 00:00:00 -0800

The Guardian - By Rob Evans, Paul Lewis - Jan. 22 (News Report) - Undercover police had children with activists — Disclosure likely to intensify controversy over long-running police operation to infiltrate and sabotage protest groups — Two undercover police officers secretly fathered children with political campaigners they had been sent to spy …

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UK nuclear subsidies 'unlawful'

Fri, 20 Jan 2012 13:25:00 -0800

BBC News - Jan. 20 - 20 January 2012 Last updated at 08:25 ET By Richard Black Environment correspondent, BBC News The Fukushima accident illustrates why governments pick up the bills for nuclear disaster Green energy campaigners are attempting to block new nuclear power sta

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Robert Reich: The Defining Issue: Not Government's Size, But Who It's For

Tue, 20 Dec 2011 00:00:00 -0800

Huffington Post - By Robert Reich - Dec. 20 (Opinion) - "Big government" isn't the problem. The problem is big money is taking over government.

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David Cameron’s move to save the City, not the euro

Mon, 12 Dec 2011 00:00:00 -0800

Washington Post - By Anne Applebaum - Dec. 12 (Opinion) - .. no other European capital thinks quite like London, and no other European capital will think like London anytime soon.

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U.S. Senate Passes Iran Oil Sanctions as EU Blacklist Grows

Fri, 02 Dec 2011 20:51:00 -0800

Business Week - Dec. 02 - (Updates with oil settlement prices in 11th paragraph.) Dec. 2 (Bloomberg) -- The U.S. Senate took aim at the Iranian central bank in an effort to choke off oil exports, while the European Union stopped short of targeting crude as it tightened sanctions

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Escape from a WWII submarine

Fri, 02 Dec 2011 00:03:00 -0800

BBC News - Dec. 02 - 1 December 2011 Last updated at 19:03 ET By Tim Clayton Military historian HMS Perseus was launched in May 1929 Seventy years ago, off the Greek island of Kefalonia, the British submarine HMS Perseus hit an Italian mine, sparking one of the greatest and

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Central bank action: stunning move highlights sense of desperation

Thu, 01 Dec 2011 00:00:00 -0800

The Guardian - By Jill Treanor - Dec. 01 (Opinion) - European governments are desperately seeking a lender of last resort as sovereign debt exposure fears grow The stunning move by six central banks to announce emergency measures to push more dollars into the financial system shows just how desperate the authorities are to "ease strains in financial markets" that are making it difficult for some banks to operate as easily as normal. Jon Peace, head of European bank research at Nomura, said: "It is an evolution of the crisis from three years ago, when countries took on the risks of the banks. Back in 2008, there was a lender of last resort – countries bailed out banks. This time it is governments that need a lender of last resort – but there is no obvious lender of last resort." While the massive bank bailouts of October 2008 – in the month after Lehman collapsed – worked for a while in shoring up banks, confidence is again ebbing , even though the banks are much stronger then they were three years ago. This time the problems for banks is ...

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Op-Ed Columnist: The Technocratic Nightmare

Fri, 18 Nov 2011 00:00:00 -0800

New York Times - By David Brooks, New York Times - Nov. 18 (Opinion) - The European Union is an attempt to build an economic and legal superstructure without a linguistic, cultural, historic and civic base. No wonder it’s in crisis.

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Murder Conviction Upheld

Tue, 25 Oct 2011 00:00:00 -0700

Pirate FM - Oct. 25 (News Report) - One of the brothers serving life for the brutal murders of a Wadebridge couple in their own home loses his last appeal.

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Calling Wall Street A ‘Gambling Casino,’ Democratic Rep. DeFazio Proposes Financial Transactions Tax

Thu, 06 Oct 2011 00:00:00 -0700

Think Progress - Oct. 06 (Opinion) - Echoing the demands of the Occupy Wall Street protesters, Rep. Peter DeFazio (D-OR) is proposing to tax the trading of stocks, bonds, and derivatives. DeFazio, along with his Senate co-sponsor Sen. Tom Harkin (D-IA), has proposed the tax several times in the past. But this time around, the idea is getting a boost of momentum [...]

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Homelessness could spread to middle class, Crisis study warns

Tue, 30 Aug 2011 00:00:00 -0700

The Guardian - By Randeep Ramesh - Aug. 30 (News Report) - Homelessness charity points to direct link between economic downturn and welfare cuts, and rising numbers living on streets The economic downturn and the government's deep cuts to welfare will drive up homelessness over the next few years, raising the spectre of middle class people living on the streets, a major study warns. The report by the homelessness charity Crisis, seen by the Guardian, says there is a direct link between the downturn and rising homelessness as cuts to services and draconian changes to benefits shred the traditional welfare safety net. In the 120-page study, co-authored by academics at the University of York and Heriot-Watt University, Crisis highlights figures released over the summer which show councils have reported 44,160 people accepted as homeless and placed in social housing, an increase of 10% on the previous year and the first increase in almost a decade. Last year another 189,000 people were also placed in temporary accommodation – such as small hotels ...

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Facebook users jailed over 'riot that never was'

Wed, 17 Aug 2011 00:00:00 -0700

MSNBC - Aug. 17 (News Report) - Two British men have been sentenced to four years in prison for trying to organize riots on Facebook, according to reports.

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Roger Ailes and the rise of Fox News

Thu, 11 Aug 2011 00:00:00 -0700

The Guardian - By Tim Dickinson - Aug. 11 (News Report) - Even Rupert Murdoch is afraid of Roger Ailes, the paranoid boss of Fox News. But 'the Chairman' is using his power to make Americans more rightwing, more ignorant and ever more terrified At the Fox News Chrismas party the year the network overtook arch-rival CNN in the cable ratings, tipsy employees were herded down to the basement of a midtown bar in New York. As they gathered around a television mounted high on the wall, an image flashed to life, glowing bright in the darkened tavern: the MSNBC logo. A chorus of boos erupted among the Fox faithful. The CNN logo followed, and the catcalls multiplied. Then a third slide appeared, with a telling twist. In place of the logo for Fox News was a beneficent visage: the face of the network's founder. The man known to his fiercest loyalists simply as "the Chairman" – Roger Ailes. "It was as though we were looking at Mao," recalls Charlie Reina, a former Fox News producer. The Foxistas went wild. They let the dogs out. Woof! Woof! Woof! Even those ...

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London Riots: BBC Interview Gets Testy