World-News

http://www.commondreams.org/headline/2011/05/05-2

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Obama Administration Plans Corporate Tax Cut In Year Of Record Profits
http://www.commondreams.org/view/2011/05/05-9

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The Global Economy s Corporate Crime Wave

Jeffrey D. Sachs, Project Syndicate: 'Poor-country governments probably accept more bribes and commit more offenses, but it is rich countries that host the global companies that carry out the largest offenses. Money talks, and it is corrupting politics and markets all over the world. Hardly a day passes without a new story of malfeasance. Every Wall Street firm has paid significant fines during the past decade for phony accounting, insider trading, securities fraud, Ponzi schemes, or outright embezzlement by CEOs. A massive insider-trading ring is currently on trial in New York, and has implicated some leading financial-industry figures. And it follows a series of fines paid by America s biggest investment banks to settle charges of various securities violations. There is, however, scant accountability.'

http://www.truthout.org/global-economys-corporate-crime-wave/1304603221



Youth in a Suspect Society: Coming of Age in an Era of Disposability

Henry A. Giroux, Truthout: 'For over 30 years, the North American public has been reared on a neoliberal dystopian vision that legitimates itself through the largely unchallenged claim that there are no alternatives to a hyper-market-driven society, that economic growth should not be constrained by considerations of social costs or moral responsibility and that democracy and capitalism are virtually synonymous. At the heart of this market rationality is an egocentric philosophy and a culture of cruelty that sells off public goods and services to the highest bidders in the private sector, while simultaneously dismantling those public spheres, social protections and institutions serving the public good. As economic power succeeds in detaching itself from government regulations, a new global financial class reasserts the prerogatives of capital and systemically destroys those public spheres - including the university - that traditionally advocated for social equality and an educated citizenry as the fundamental conditions for a viable democracy.'

http://www.truthout.org/youth-suspect-society-coming-age-era-disposability/1304604010



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