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Robert Reich, Op-Ed: Even if Obama didn't want to criticize Dimon, at the very least he could have used the occasion to come out squarely in favor of tougher financial regulation. It's the perfect time for him to call for resurrecting the Glass-Steagall Act, of which the Volcker Rule – with its giant loophole for hedges — is a pale and inadequate substitute. |
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Travis Waldron, News Report: New York Mayor Michael Bloomberg is likely to veto his city's ordinance, another poke at 99 Percent Movement activists who have butted heads with him over the last eight months. Los Angeles Mayor Antonio Villaraigosa is expected to sign his city's version into law. Cleveland became the first major city to adopt a responsible banking ordinance in 1991, and they have spread quickly since the 99 Percent Movement ignited last fall. |
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Thomas Magstadt, Op-Ed: The super-capitalists who emerge as the champions of the new economic order soon come to abhor the very system that creates them. Once ensconced at the commanding heights of the economy they naturally want to eliminate competitors. They want control. To protect their wealth, they need power. Power to minimize risks and flatten out the business cycle. They understand all to well that the power to tax is the power to destroy (or to create tax loopholes). |
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Suzanne Merkelson, News Report: The food and beverage industry has definitely outsmarted the federal government when it comes to targeting children: Efforts to tax soda have been crushed; 16 states have been persuaded to prohibit lawsuits over fatty foods; Congress has even declared pizza a vegetable, for Pete's sake. The Boston Globe notes that young people fighting obesity have little chance against the food and beverage industry who "have waged an unprecedented war against even voluntary guidelines." |
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Sarah Byrnes, Op-Ed: Our communities will continue to be challenged by the unfolding times; by the housing crisis, cuts to services like public transportation, job market instability. As we rebuild our community and consensus-making muscles, we're better equipped to deal with all of this as it hits our own backyards. For all these reasons and more, it's time to form an affinity group. |
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Spencer Whitney, News Report: "City council leaders in Richmond voted 5-2 on Tuesday night to put a special soda tax proposal on the November 6 ballot. The soda tax would add a one cent per ounce surcharge to soda and other sugary fruit drinks that contain less than ten percent juice. Under the ordinance, grocery stores, markets, and other vendors that sell beverages would pay the business license fee and monitor ounces sold per year. If residents approve the measure, Richmond would be the first city in the country to tax soda in the fight against obesity." |
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Jim Lobe, News Analysis: Such giants as the Boeing Company, backed by the U.S. Chamber of Commerce (USCC) and the National Association of Manufacturers (NAM), not only coaxed a three-year extension for Ex-Im operations out of Congress supposedly preoccupied with reducing the federal deficit, they also got an increase in lending authority from 100 billion dollars last year to 140 billion dollars by 2014. |
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Amy Goodman, Video Interview: Noam Chomsky says the Occupy movement has helped rebuild class solidarity and communities of mutual support on a level unseen since the time of the Great Depression. "The Occupy movement spontaneously created something that doesn't really exist in the country: communities of mutual support, cooperation, open spaces for discussion ... just people doing things and helping each other," Chomsky says. |
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Amy Goodman, Op-Ed: While the president and the Pentagon are handing out posthumous medals, a number of veterans of Iraq and Afghanistan will be marching, in military formation, to McCormick Place in Chicago to hand their service medals back. Aaron Hughes left the University of Illinois in 2003 to join the military, and was deployed to Iraq and Kuwait. He served in the Illinois National Guard from 2000 to 2006. Since leaving active duty, Hughes has become a field organizer with the group Iraq Veterans Against the War (IVAW). |
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Aaron Mehta, News Analysis: In a nod to the human rights concerns, the Pentagon said the weapons being sold to Bahrain will not include anything that could be used against protestors. Instead, it would be a package of equipment geared towards protecting the country from external threats, including engines for F-16 planes and harbor security boats. |
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Josh Harkinson, Special Coverage: "As we enter Day 242 of the Occupy movements the protests have spread not only across the country but all over the globe. Thousands of activists have descended on Wall Street these past weeks as part of the #OccupyWallStreet protest organized by several action groups. What follows is a live video stream and live Twitter feed of this event." |
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Joe Conason, Op-Ed: Across America — and particularly in the red states that have rejected gay marriage — divorce rates are continually rising, along with teen pregnancies, out-of-wedlock births and single motherhood (which somehow afflict gay-friendly blue states far less). Gay rights obviously isn't the cause of marital strife and separation in those places where hostility to same-sex relationships is considered a religious duty. |
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Alan Jenkins, Op-Ed: "While many parts of our economy have gradually improved over the last several years, foreclosures are on the rise in regions around the country. The foreclosure data company RealtyTrac has predicted that one million American homes may enter foreclosure in 2012. An estimated 12 million Americans currently owe more on their mortgages than their homes are worth, meaning that millions more are at risk." |
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