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 Alfredo Acedo , News Report: The proposed law would create a "Monsanto Police," by giving the National Service for the Inspection and Certification of Seeds the authority to order and conduct inspection visits, demand information, investigate suspected administrative infractions, order and carry out measures to prevent or stop violations of PBR, and impose administrative sanctions, which are increased by the proposal. It would have a government agency promote PBRs held by individuals or corporations. |
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 Robert Reich, News Analysis: "As a practical matter, the Volcker Rule is hopeless. It was intended to be Glass-Steagall lite — a more nuanced version of the original Depression-era law that separated commercial from investment banking. But JPMorgan has proven that any nuance — any exception — will be stretched beyond recognition by the big banks. So much money can be made when these bets turn out well that the big banks will stop at nothing to keep the spigot open." |
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 Dean Baker, Op-Ed: "These insiders benefitted from the ability of Mark Zuckerberg and his colleagues to convince investors that Facebook had much more profit potential than in fact was true. This ability to hype a product, in this case company stock, can be an incredibly valuable skill, but it provides nothing of value to society. In that way it is similar to the skills of Fabrice Tourre (a.k.a. 'Fabulous Fab'), who was apparently very skilled in putting together complex mortgage derivatives for Goldman Sachs that were designed to fail." |
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 Dennis Kucinich, News Report: "A foreign-owned oil company is playing us for fools. In order to convince Americans to accept a pipeline that will result in higher gas prices, we have been bombarded with a public relations campaign to convince us that the pipeline is a good idea. 'It may be a good idea to foreign investors, but the Keystone XL pipeline is a bad idea for American consumers, a bad idea for America's fledgling economy, a bad idea for our health and a bad idea for our environment,' said Kucinich. 'Say no to the Keystone tax.'" |
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 Robert J. Shiller, Op-Ed: "Those of you deciding to pursue careers as economists and finance scholars need to develop a better understanding of asset bubbles – and better ways to communicate this understanding to the finance profession and to the public. As much as Wall Street had a hand in the current crisis, it began as a broadly held belief that housing prices could not fall – a belief that fueled a full-blown social contagion. Learning how to spot such bubbles and deal with them before they infect entire economies will be a major challenge for the next generation of finance scholars." |
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 News Report: "We're not going to win the race for new jobs and new businesses and middle-class security if we're responding to today's challenges with the same old tired, worn-out 'you're on your own' economics that hasn't worked. What these other guys are peddling has not worked. It didn't work in the decade before the Great Depression. It did not work in the decade before I became president. It will not work now." |
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 Amy Goodman, Video Report: "We have six million people in this country whose only income is food stamps -- that's an income at a third of the poverty line. ... Nineteen states serve less than 10 percent of their poor children. It's a terrible hole in the safety net. Welfare has basically disappeared in large parts of this country." Now a professor at Georgetown University Law Center, Edelman has written a new book, "So Rich, So Poor: Why It's So Hard to End Poverty in America." |
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 Travis Waldron, Op-Ed: "Risky trades designed to make bank's massive profits — known as proprietary trades — were at the center of the financial crisis that ultimately ended with taxpayers bailing out America's biggest banks. Regulations like the Volcker Rule (and others included in Dodd-Frank) are aimed preventing taxpayers from having to foot the bill again in the future. The JP Morgan loss has given regulators and policymakers a golden opportunity to re-examine those rules and make sure they are sufficiently strong." |
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 Josh Harkinson, Special Coverage: "As we enter Day 248 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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 Jim Hightower, Op-Ed: "In a dramatic and wholly destructive escalation of Big Money's assault on America's democracy, FTB's funders are not out to support candidates, but 'to defeat our enemies.' A Utah banker who chairs the new super PAC explains that giving $10,000 or so to the opponent of an incumbent who sides with the people has no impact, 'but if you say the bankers are going to put ... $1 million into your opponent's campaign, that starts to draw some attention.' He calls this a 'surgical' approach to carving out political power. Yeah — like doing surgery with a chainsaw and sledgehammer!" |
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 Isaiah J. Poole, Op-Ed: "In the name of allegedly reducing the costs of environmental reviews, House conservatives would allow overzealous transportation projects and greedy lobbyists to steamroll communities, imposing high costs on the safety and well-being of affected people and communities. The nation's landscape is already littered with transportation projects done wrong, without thought to how a highway route would destroy the economic viability of a community or the ecological balance of a wilderness area. Fixing this damage after the fact is extraordinarily costly, if it happens at all. " |
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 Carey L. Biron, News Analysis: "Second, the summit marked the latest in a series of increasingly detailed G8 accountability reports, a process that began at the groundbreaking G8 summit in Gleneagles, Scotland, in 2005. While these reports have disaggregated financial commitments in the past, at U.S. urging this year's document explored non-financial commitments as well. In particular, it took into account the so- called Rome Principles, a fivefold framework created at L'Aquila aimed at better aligning donor contributions with countries' own agriculture plans." |
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