Occupy Movement Needs to “Think Big” About a New Economy

“We’ll never deal successfully with the many challenges our country now faces if we merely seek what’s possible within the framework of today’s system of political economy,” notes Speth. “Our challenges require moving beyond incremental reform to systemic change that addresses the root causes of our current distress.”

To that end, Speth offers the following draft language for the movement’s charter.

nefariousnewt-deactivated201207

nefariousnewt:

Activate the Mechanism!: BOMBSHELL - Massachusetts Supreme Court Rules That Most Foreclosure Sales From Previous 5 Years Are VOID

abaldwin360:

From Cheyenne:

The only thing surprising about this ruling is that it took so long to be made. This is black letter law, folks, the logical extension of the Court’s Ibanez decision.

Without a promissory note, a foreclosing plaintiff cannot show a legal injury, i.e., does not have standing to…

SIGNAL BOOST

fuckyeahfeminists
liberalsarecool:

A simple message for those trying to skew the 99% and Occupy Wall Street movements.
The capitalists broke game. They bent the rules. They grabbed all the money. We are all paying the consequences of people taking advantages.
In order to move forward, we have to admit some truths as a country. “Denial ain’t just a reservoir in Egypt” - Ali G

liberalsarecool:

A simple message for those trying to skew the 99% and Occupy Wall Street movements.

The capitalists broke game. They bent the rules. They grabbed all the money. We are all paying the consequences of people taking advantages.

In order to move forward, we have to admit some truths as a country. “Denial ain’t just a reservoir in Egypt” - Ali G

amodernmanifesto
Governments don’t rule the world, Goldman Sachs rules the world.

(via Yahoo! News)

That’s what a purported London-based independent trader named Alessio Rastani told the BBC on Monday in a jaw-dropping interview that quickly went viral.

But just as quickly, rumors swirled that Rastani was actually a member of the Yes Men, a loose-knit group of merry pranksters and imposters that attempt to manipulate the media with the goal of exposing the dubious conduct of big corporations.

The Yes Men publicly denied that Rastani is a member. And the BBC said in a statement that it doesn’t think he is, either: “We’ve carried out detailed investigations and can’t find any evidence to suggest that the interview with Alessio Rastani was a hoax. He is an independent market trader and one of a range of voices we’ve had on air to talk about the recession.”

(via utnereader)

ziriamundane
The people camped out on Wall Street are not leaving unless and until they are cleared out by force. They look all kinds of silly in their outfits, and some of their statements don’t make a whole lot of sense to people like you, but they have put down roots, and you better get used to them. I’m sure the whole phenomenon is quite perplexing to you - really, why don’t they just go home? Don’t these people have jobs?

I hate to be the Irony Police, but that’s pretty much the whole point. They can’t, and they don’t. Have homes and jobs, I mean. There was a guy out there a few days ago holding a sign in front of a mortgage-lending institution that read “These People Took My Parent’s Home.” There are all sorts of people walking around Wall Street yelling their lungs out at you because, well, they really would like the opportunity to find gainful employment, as well as a future, but that nifty shell game you and yours pulled off (on our dime) wound up immolating the economy of the common man/woman, and so the common man/woman has decided - in lieu of anything else better to do - to spend their you-created idle hours on your doorstep.

An Open Letter to Wall Street, by William Rivers Pitt on Truthout

Read the whole letter here. This is the one of the best summaries of the Occupy Wall Street protests I’ve seen.

(via cognitivedissonance)

pantslessprogressive

The story of Keynesian economists and the Obama stimulus, as anyone who’s been reading me knows, runs as follows: When information about the planned stimulus began emerging, those of us who took our macro seriously warned, often and strenuously, that it was far short of what was needed — that given what we already knew about the likely depth of the slump, the plan would fill only a fraction of the hole. Worse yet, I in particular argued, the plan would probably be seen as a failure, making another round impossible.

But never mind. What we keep hearing instead is a narrative that runs like this: “Keynesians said that the stimulus would solve the problems, then when it didn’t, instead of admitting they were wrong, they came back and said it wasn’t big enough. Heh heh heh.” That’s their story, and they’re sticking to it, never mind the facts.

And what the facts say is that Keynesian policy didn’t fail, because it wasn’t tried. The only real tests we’ve had of Keynesian economics were the prediction that large budget deficits in a depressed economy wouldn’t drive up interest rates, and the prediction that austerity in depressed economies would deepen their depression. How do you think that turned out?

vruz

vruz:

Nurses Take on Wall St. and the Politicians Who Pander to Corporations | Sarah Jaffe

AlterNet.org

—via silas216 : sarahlee310

National Nurses United has long had a reputation for militancy and political activism among the U.S.’s labor unions. Long after the battle over President Obama’s health care reform bill ended, the nurses have been taking to the streets, planning actions around the country calling for policies that benefit Main Street, not Wall Street.

Their latest campaign? Calling for a financial transactions tax on Wall Street to raise revenue to help get out of the economic crisis for good—funding essential programs rather than cutting them, putting money into infrastructure and creating jobs, repairing budget holes and paying for health care and support for the people most hurt by the financial meltdown.

On September 1, nurses and their allies and supporters will converge on 61 congressional offices in 21 states, calling on Republicans and Democrats alike to sign on to a pledge that would support a tax on financial transactions to raise revenues to “heal America.

read more

 I <3 nurses!

Super Committee Appointees: Republicans Announce Appointments to Debt ‘Super Committee’

Congressional Republican leaders announced their appointments to the Joint Select Committee on Deficit Reduction charged with reducing the deficit following the debt limit agreement this summer.

Senate Minority Leader Mitch McConnell (R-Ky.) selected Sens. Jon Kyl (R-Ariz.), Rob Portman (R-Ohio.) and Pat Toomey (R-Pa.).

House Speaker John Boehner (R-Ohio) appointed Reps. Jeb Hensarling (R-Texas), Dave Camp (R-Mich.) and Fred Upton (R-Mich.).