World-News

Lee Fang, ThinkProgress: 'Warren Buffett penned an op-ed last week declaring that America s super-rich have been 'coddled long enough by a billionaire-friendly Congress.' Lamenting the numerous tax loopholes and special breaks afforded to billionaire investors, Buffett noted that in his entire career, even when capital gains rates were as high as 39.9 percent, he never saw anyone 'shy away from a sensible investment because of the tax rate on the potential gain.' Charles Koch, head of the massive petrochemical, manufacturing, and commodity speculating Koch Industries corporation, has responded to Warren s call for shared sacrifice: 'No Thanks.'

http://www.truth-out.org/billionare-koch-responds-buffet-refuses-call-shared-sacrifice/1314027523

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Wall Street aristocracy got $1.2 trillion in bailout loans

Bloomberg News

Fed Chairman Ben S. Bernanke s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress...

http://bloom.bg/n59UXx



Why wait for Washington politics to change? Go local

Christian Science Monitor
by Kyle Scott

08/22/11

Every year, states, counties, and cities hold innumerable elections that go largely ignored by volunteers, fundraisers, and voters. Yet what is striking is that the more local the election, the more of an impact the single voter, or the single volunteer, or the single dollar has...

http://tinyurl.com/3e2krj8



Wall Street pulls Obama s strings

In These Times
by Leonard C. Goodman

08/23/11

Whatever grim bargain emerges from the federal debt ceiling and budget negotiations, it s clear the losers will be poor and middle-class Americans. Less clear is who exactly to blame. Some say President Obama is a bad negotiator - too eager to please, too willing to compromise. Others say the Democratic Party is bad at messaging. The real culprit is something much more insidious than bad tactics or message marketing...

http://tinyurl.com/3w85rm2


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bernanke
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=billionaire
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Koch+brothers
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Warren+Buffett
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Morgan+Stanley
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bank+of+America
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclosure
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=homeowner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=what+change
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=middle+class
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Lee+Fang
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Kyle+Scott
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Leonard+C.+Goodman

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