Category Archives: economics

HR 1207 – 290 Co-Sponsors

Description:
“To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.”

Current Status: Referred to the House Committee on Financial Services.

John Tierney (6th District Massachusetts): July 20, 2009 became a co-sponsor.

Comparing Reporting On Sudan: Sept. 21

“The New York Times” began their report on the latest in the Sudan with this: “More than 100 people were killed when tribesmen raided a village in the south, burning buildings and attacking churchgoers, officials said Monday.” The beginning of the article does not, however, specifically mention the Sudan. This is only mentioned in the “Times” headline: “Sudan: 100 Dead in Raid on Village.” Their version of the story is brief and buried in the world news section.

“Arab News” gets more specific and detailed in its report. Their lead is “JUBA, Sudan: More than 100 people were killed when tribesmen raided a south Sudan village, burning buildings and attacking churchgoers, officials said on Monday, in a further escalation of violence in the oil-producing region.” Their version is one of the top world news stories. The Sudan story means more to this paper’s audience, given the role of Muslims in the conflict. Their longer version of the story even mentions this: “Around two million people died in the 1983-2005 war between Sudan’s Muslim north and mostly Christian south.”

Democrats Reject GOP Stimulus Advertising Ban

Across the country, motorists are being greeted by signs advertising President Obama’s $787 billion stimulus bill, and Republicans aren’t happy about it.

The large green-and-white highway signs declare, “Project Funded by the American Recovery and Reinvestment Act.” Sen. Judd Gregg, R-N.H describes them as the “signs to nowhere” and tried in vain Wednesday to stop the advertising.

Democrats were nearly unanimous in voting to defeat an amendment by Greg that would have prohibited the use of stimulus funds for signs that advertise taxpayer spending on stimulus projects.

Signs to nowhere? Not really. At least they’re letting us know where our money’s going. It’s not like these signs say, “Hey, look! The recession’s over!” You know…what Obama’s been spending the last few days trying to get us to believe.

Darfur Advocacy Groups Prepare For Summit

Good to see that some are aware of what’s happening in the Sudan, and are getting a message out.

Isaac Leju-Loding was 18 when he emigrated from Kajo Keji, in southern Sudan, to Florida in 1989.

It was hot in Florida. It was too much like home, he said. The snow he saw on television fascinated him, so he eventually moved to Pittsburgh to experience winter.

Now president of the Sudanese Community in Pittsburgh, Leju-Loding works to fight the violence occurring in his home country. There, his people protest the destabilization and genocide that’s occuring — for religious and economic reasons — in southern Sudan and Darfur.

He and about 100 others — including members from Pitt’s chapter of Students Taking Action Now: Darfur — held a “Solemn Walk” Downtown yesterday to rally international attention to the genocide in Darfur. It was part of their preparation for the G-20 Summit, which will be held in Pittsburgh Sept. 24-25.

Criticism Of Obama Based On Race?

New York Times columnist Maureen Dowd wrote on Sunday, September 13 that Wednesday’s (September 9) outburst by South Carolina Republican Congressman Joe Wilson during President Obama’s address to a joint session of Congress was racially motivated. As we told you earlier, Wilson shouted, “you lie,” when the president said his health care plan would not cover illegal immigrants.

Dowd writes: “What I heard was an unspoken word in the air — you lie, boy!… Wilson clearly did not like being lectured and even rebuked by the brainy black president presiding over the majestic chamber.”

Liberal columnists are not alone in suggesting that any opposition to the president is race-driven. Texas Democratic Congresswoman Eddie Bernice Johnson tells the Politico: “As far as African-Americans are concerned, we think most of it is.”

And California Democratic Congressman Mike Honda adds: “There’s a very angry, small group of folks that just didn’t like the fact that Barack Obama won the presidency. With some, I think it is (about race.)”

But White House press secretary Robert Gibbs says to CNN: “I don’t think the president believes that people are upset because of the color of his skin.”

It’s fair to say that *some* criticism is racially motivated. But there are plenty of other reasons why this is happening. It’s more partisan tension than racial.

The more conservative factions in this country don’t care that we’re the only nation without a universal health care system, because “socialism” is still a dirty word in this nation. The GOP has taken advantage of gullible citizens and convinced them that if Obama‘s plan gets passed, he’ll kill all the grandparents.  And even before that the Republicans convinced America that Obama has turned this country into a socialist country…even though it was Bush who gave the O.K. to bail out Wall Street a year ago.  In these respects and more, it’s fair to say that criticism of our president is more based on his politics than on the color of his skin.

South of the Border


A trailer for the new Oliver Stone documentary on the Venezuelan leader, Hugo Chavez. I plan on seeing his earlier documentary, Looking For Fidel first though. This goes hand in hand with Michael Moore’s Capitalism: A Love Story for left-wing, biased movies that I generally agree with and enjoy but criticize the tactics.

Chris

Productivity…Rises!

WASHINGTON (Reuters) — U.S. non-farm productivity was stronger than initially thought in the second quarter as companies slashed costs to protect profits, data showed on Wednesday.

The Labor Department said non-farm productivity rose at a 6.6% annual rate, rather than the 6.4% pace it reported last month. That was the biggest increase since the third quarter of 2003.

Productivity rose at a 0.3% pace in the first quarter.

Analysts polled by Reuters had forecast productivity, which measures the hourly output per worker, rising at a 6.4% rate in the second quarter.

Unemployment still at an inadequate level.

US Funds Colombian Deaths Over Drugs

In her new book, Blood & Capital: The Paramilitarization of Colombia, author Jasmin Hristov writes: “For roughly forty years, the Colombian state has been playing a double game: prohibiting the formation of paramilitary groups with one law and facilitating their existence with another; condemning their barbarities and at the same time assisting their operations; promising to bring perpetrators of crime to justice, while opening the door to perpetual immunity; convicting them of narco-trafficking, yet profiting from their drug deals; announcing to the world the government’s persecution of paramilitary organizations, even though in reality these ‘illegal armed groups’ have been carrying out the dirty work unseemly for a state that claims to be democratic and worthy of billions of dollars in US military aid.”

As the largest recipient of US military aid in the hemisphere, Colombia has long been the US’ most important ally in Latin America. Simultaneously, Colombia has also become the hemisphere’s worst human rights violator, with Colombia’s numerous paramilitary organizations recently taking center stage, as they’ve gradually become directly responsible for more human rights atrocities than the formal military and police. In the name of fighting “narco-terrorism,” poor people and dissidents are massacred, assassinated, tortured, and disappeared, among other atrocities—done to eliminate particular individuals and to “set an example” by intimidating others in the community. 97 percent of human rights abuses remain unpunished.

In recent years, a variety of human rights organizations, as well as mainstream academics and journalists have found it impossible to ignore the astronomical human rights violations. However, even though these groups have accurately reported on the actual atrocities, Jasmin Hristov argues that in their reports, the atrocities are largely de-contextualized from the powerful forces in Colombia and the US that directly benefit from this repression. According to Hristov, this mainstream presentation serves to mask the fact that US and Colombian elites directly support (via funding, training, supervising, and providing legal immunity for) state repression carried out by the police and military, as well as illegal paramilitary groups that are unofficially sanctioned by the government. Whether it is murdering labor organizers or displacing an indigenous community because a US corporation wants to drill for oil on their land, Hristov passionately asserts that death squad violence is purposefully directed towards sectors of society that stand in the way of the ruling class’ efforts to maintain economic dominance and acquire more resources to make even more profit.

In her book, Hristov does make a convincing argument that Colombia’s notorious death squads are inherently linked to maintenance of the country’s extreme economic inequality. Particularly since the neoliberal reforms of the 1990s that have increased poverty, Colombia’s poor continue to resist their oppression in many different ways. In response, state repression on a variety of levels is needed to terrorize unarmed social movements and other community groups and activists.

Throughout Blood & Capital, Hristov seeks to expose the rational motivations behind state violence for capitalism’s economic elites in the US and Colombia. In meticulous detail, Hristov shows how the super-rich benefit from state repression and how the violators of human rights have essentially become immune from any consequences for their actions. If death squads are truly to be abolished in Colombia, we must look honestly at how and why they exist today. Hristov’s new book is a powerful tool for exposing who truly calls the shots.

Neoliberalism or neopoverty?

Hristov asserts that “it is not a mere coincidence that during the era of accelerated neoliberal restructuring, the deterioration in the living conditions of the working majority has been accompanied by an increase in the capabilities and activities of military, police, and paramilitary groups, as well as the portrayal of social movements as forces that must be monitored, silenced, and eventually dismantled.”

I don’t know if it’s fair to blame this atrocity on neoliberal ideology. But surely this helps make the case against prohibiting drugs. You’re only creating crime instead of discouraging it.