| Saturday, 13 October 2012 | Robert Reich, Op-Ed: Regardless of what happens Election Day, at the beginning of next year more than $600 billion in tax increases and spending cuts automatically go into effect. That's equivalent to about 5 percent of the entire U.S. economy, more than the projected growth of the whole gross domestic product next year. The problem is, if we fall off this fiscal cliff we plunge into recession. That's because the cliff withdraws too much demand from the economy too quickly, at a time when unemployment is still likely to be high. | | Stacy Malkan, News Analysis: While Californians are mired in debate about pet food versus steak, the real question facing voters is this: Are we going to allow out-of-state pesticide and junk food corporations tell us what we can and can't know about what's in the food we eat? "What makes you think you have the right to know?" asks Danny DeVito in a a parody video supporting Prop 37. "Knowing if you're buying or eating genetically engineered food is not your right." | | Mark Engler, Op-Ed: When Republicans have taken office at the state level in recent years, eager to deliver on vows to decimate unions, slash the social safety net, or curtail reproductive freedoms, it has forced labour, feminist and community organizations into overwhelmingly reactive campaigns. Win or lose, these groups end up drained from having to defend basic rights and social benefits. | | Cecilia Garza, News Report: "The workers' action, and a subsequent investigation of C.J.'s by the U.S. Department of Labor, was like a first spark falling on a vast, dry field. The actions at C.J.'s Seafood helped inspire the recent strikes and walkouts in Walmart warehouses and stores, where workers had already been struggling to organize. The walkouts have now spread to 28 stores in 12 states, according to the New York Times." | | David Sirota, Op-Ed: "In a matter of a few decades, the national debt predictably exploded as the party's orthodoxy went from 'read my lips, no new taxes' (George H.W. Bush) to 'if you raise taxes on these so-called rich, you're really raising taxes on the job creators' (George W. Bush) to recent years' pervasive Republican rhetoric about so-called 'makers' and 'takers.' Yet now, suddenly, Romney is closing the rhetorical loop, repeatedly claiming during the first presidential debate that he will refuse to support any new tax cuts for the wealthy." | | Pat Garofalo, News Report: But to hear JP Morgan Chase CEO Jamie Dimon tell it, regulations are killing his bank. During an appearance in Washington this week, Dimon opined that new regulations — both on the international level and due to the Dodd-Frank financial reform law here in the U.S. — will cost JP Morgan $1 billion per year (compared to quarterly profits of nearly $6 billion). | | Amy Goodman, Video Interview: "Our 'Expanding the Debate' special series continues as we open the discussion to include two third-party vice-presidential candidates who were excluded from the 'official' debate between Joe Biden and Paul Ryan: Cheri Honkala of the Green Party and Luis Rodriguez of the Justice Party. With the general election just weeks away, Biden and Ryan squared off in their only debate Thursday night, aggressively challenging each other on foreign and domestic policy issues asked by moderator Martha Raddatz of ABC News." | | Paul Kiel , News Analysis: Regulators created the Independent Foreclosure Review in the wake of the fall 2010 robo-signing scandal, in which it was revealed that banks had filed false affidavits in thousands of foreclosure cases. The foreclosure review would cover a range of bank errors and abuses, including botched handling of loan modifications and charging bogus fees. The program currently covers homeowners whose loans were serviced by fourteen U.S. banks and who were in foreclosure at any point during 2009 or 2010. At the end of 2011, about 4.4 million letters were mailed to potentially eligible homeowners inviting them to request a review. | | Bill Moyers and Michael Winship, Op-Ed: A few days ago, just shy of the 11th anniversary of our invasion of Afghanistan, we marked a sad and tragic milestone: the 2000th member of the American armed forces to die in combat there. There are now 68,000 American men and women in Afghanistan, down from 100,000 as President Obama has ended the surge he first ordered in late 2009. Seventeen thousand Americans have been wounded, and in the last five years alone, according to the UN, more than 13,000 Afghan civilians have died. That's a very conservative estimate. | | Steve Horn, News Analysis: "Two key details raise serious immediate red flags about Zukoski's claims of recieving 'no industry funding.' The first: in its initial call out for funding, the SRSI stated it was seeking three-year $1.14 million corporate memberships 'to create a dynamic and impactful program.' Corporate members also are given a spot on the SRSI's Advisory Board, 'ensuring focused alignment of purpose and deliverables,' according to the funding request form. Put another way, three-year corporate memberships would yield some sort of deliverable goods for oil and gas corporations - a quid pro quo, if you will." | | Jim Lobe, News Analysis: In addition to the violent images of conflicts in Afghanistan, Iraq, and elsewhere in the Islamic world that have been beamed onto U.S. television screens and home computers since 9/11, popular beliefs that Muslims are inherently more hostile and dangerous have been propagated by a small network of funders, bloggers, pundits and groups documented in a 2011 report, entitled "Fear, Inc.," by the Center for American Progress (CAP). | | FROM AROUND THE WEB | U.S. Deficit Modest improvement in economic growth helps narrow gap by $207bn, but unprecedented deficit looms as key election issue. | Presidential Debate Joe Biden's recent performance in the Vice Presidential debates may have gained him and President Obama some ground. | Mitt Romney Romney's plan can't work under Romney's conditions. | | | | | | NationofChange is a 501(c)3 nonprofit organization. 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