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A Bailout to Bail Out the Bailout?

Will it Take a Bailout to Bail Out the Bailout? What's Next?
by Danny Schechter
The crisis is deepening. The Senate tacked on $150 BILLION in tax cuts and a rise in FDIC insurance–something banks have NOT been paying for, by the way– and passed the bailout 74 to 25 with Obama, Biden and McCain voting yes.
Senator Kennedy was not there. 9 Dems said no along with Vermont independent Bernie Sanders.
The NY Times notes the bill does “little to avert foreclosures or defaults.” The Times introduces a new figure saying now that SIX MILLION homeowners are expected to default. The House votes Thursday or Friday.
The Wall Street Journal reports the Fed is considering another rate cut. “as recession fears mount.”
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Keeping Media Safe for Big Business

Intellectual Cleansing: Part I - Keeping Media Safe for Big Business  
by Media Lens
Martin Tierney is one of a tiny number of mainstream journalists willing to review our book, 'Guardians of Power'. In June 2006, he published an accurate outline of our argument in the Herald, commenting: "It stands up to scrutiny."

He added that we "do not see conscious conspiracy but a 'filter system maintained by free market forces.'" "After all it wouldn't be appropriate to show the limbs of third world children during Thanksgiving as it would only remind consumers who was really being stuffed."

Exactly so. But if no conspiracy is involved, how on earth does the market manage to filter dissident views with such consistency?
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American People vs. U.S. Senate

The American People vs. The Bailout of Wall Street Crooks
by Nader '08
In late September,  Senator Obama said to the Democrats – vote for the bailout. Senator McCain said to the Republicans – vote for the bailout. President Bush said to the Congress – vote for the bailout.

But the American people were fed up. They told their members of Congress – if you vote for the bailout, we will vote against you.

And now, the action is shifting from the corporate occupied territory of Washington, D.C., back to the country. Where the uprising continues. Nader/Gonzalez is taking the lead. Standing with the American people. Against the corporate Republicans and corporate Democrats.
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Hassan Almrei's Secret Trial

Secret Trials Hearing in Toronto October 2nd 
via Katherine Hughes
"Syrian refugee Hassan Almrei is the last of Canada's secret trial detainees to remain behind bars at the notorious Kingston Immigration Holding Centre, aka Guantanamo North.
This October, he is again applying for bail, and needs your support. If you are near Toronto, please consider coming to court and supporting Hassan's constitutional challenge to his indefinite detention.
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Bipartisan Terror War Intensifies in Somalia

Silent Surge: Bipartisan Terror War Intensifies in Somalia       
by Chris Floyd     
In the recent presidential "debate," both candidates expressed their eager, unstinting, even feverish support for the so-called "War on Terror" being waged by Washington and its proxies around the world.

Indeed, throughout the entire campaign, Barack Obama and John McCain have repeatedly pledged their fealty to the Terror War, and all that it entails: an even larger war machine (with even more public boodle for war profiteers); a continued military presence in Iraq (under one guise or another); a substantial expansion of the hate-fomenting war in Afghanistan (with a concomitant raise in "collateral damage"); an extension of that war into Pakistan (destabilizing and radicalizing a fractious state with a nuclear arsenal); pressing ever closer to the threshold of war with Iran (with bellicose threats, blockades and demonizing propaganda); establishing even more military satrapies to exercise dominion over the regions of the earth (including new proconsular commands for Africa and the United States itself); and -- as we have noted here over and over -- the bloody rendering of Somalia into a boiling, hellish cauldron of slaughter, suffering and chaos.

Somalia is the invisible third front of the Terror War, an American-backed "regime change" operation launched by the invading army of Ethiopia and local warlords in December 2006. In addition to helping arm, fund and train the army of the Ethiopian dictatorship, the United States has intervened directly into the conflict, carrying out bombing raids on fleeing refugees and nomads, firing missiles into villages, sending in death squads to clean up after covert operations, and, as we reported here long ago, assisting in the "rendition" of refugees, including American citizens, into the hands of Ethiopia's notorious torturers. [See note below for more links.]

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Poltroons and Platoons: Militarizing America as the Economy Tanks

Hairy Daughter and a Cauldron of Convergence
by Don Nash
Did you watch Amerika’s ‘Commander-in-Carnage’ give his little “pep talk?” Yeah, “we’s in some serious financial distress” and Bushco “needs” for you the Amerikan people to fork over. That Geo is some funny political poltroon. Yes he is. This is about what, the eighth or umpteenth time that Geo has had to “plead” for the Amerikan people to bailout his mess?
Congress will of course, give Bushco EVERYTHING asked for. The Demos in Congress will be slobbering like Pavlov’s dog to pony up. Those Demos in Congress are some funny poltroons. Yes they are. I would of course, offer up David Obey as the power point presentation for congressional poltroonery. Buffoonery? Chumpery? Yeah, either way.

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Running for the Right to Play

Marathon for Children: Running for the Right to Play
by Ramzy Baroud
I was ecstatic as I read an email sent by a manager at a Canadian toy company. The company donates a large number of toys each year to inner city kids throughout North America, using various NGOs. A few years ago, they decided to ship several thousand toys to Palestinian children. They asked for my help.

The feeling of joy that I felt that day was unparalleled. Rarely do I experience in my job as a writer, whose main focus is war and conflict, this overpowering sense of elation. I had to tell someone that 11,000 toys would be shipped to Palestinian refugee camps before the Muslim holiday.
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The New Corporate Threat to America's Water Supplies

Drinking at the Public Fountain: The New Corporate Threat to Our Water Supplies
by Alan Snitow and Deborah Kaufman
In the last few years, the world's largest financial institutions and pension funds, from Goldman Sachs to Australia's Macquarie Bank, have figured out that old, trustworthy utilities and infrastructure could become reliable cash cows -- supporting the financial system's speculative junk derivatives with the real concrete of highways, water utilities, airports, harbors, and transit systems.

The spiraling collapse of the financial system may only intensify the quest for private investments in what is now the public sector. This flipping of public assets could be the next big phase of privatization, and it could happen even under an Obama administration, as local and state governments, starved during Bush's two terms in office, look to bail out on public assets, employees, and responsibilities.
The Republican record of neglect of basic infrastructure reads like a police blotter: levees in New Orleans, a major bridge in Minneapolis, a collapsing power grid, bursting water mains, and outdated sewage treatment plants.
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101 Ways to Get Rich Without Doing Anything Socially Useful

101 Ways to Get Rich Without Doing Anything Socially Useful 
by William Blum
Why do we have this thing called a "financial crisis"? Why have we had such a crisis periodically ever since the United States was created? What changes occur or what happens each time to bring on the crisis? Do we forget how to make things that people need? Do the factories burn down? Are our tools lost? Do the blueprints disappear? Do we run out of people to work in the factories and offices? Are all the services that people need for a happy life so well taken care of that there's hardly any more need for the services?
In other words: What changes take place in the real world to cause the crisis? Nothing, necessarily. The crisis is usually caused by changes in the make-believe world of financial capitalism.
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Israel's Homegrown Terrorists

Israel’s Breeding Ground for Jewish Terrorism
by Jonathan Cook
The words “Jewish” and “terrorist” are not easily uttered together by Israelis. But just occasionally, such as last week when one of the country’s leading intellectuals was injured by a pipe bomb placed at the front door of his home, they find themselves with little choice.

The target of the attack was 73-year-old Zeev Sternhell, a politics professor at Hebrew University in Jerusalem specializing in European fascism and a prominent supporter of the left-wing group Peace Now.

Shortly after the explosion, police found pamphlets nearby offering 1.1 million shekels ($300,000) to anyone assassinating a Peace Now leader. The movement’s most visible activity has been tracking and criticizing the growth of the settlements in the West Bank.
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Piggie Wonder and Prop 2

Piggie Wonder and Prop 2 
from Free Range Studios 
Dear Free Range Fan; California's farm animals are dusting off the smash hit "Superstition" in a last-ditch, election day effort to end their terrible suffering and protect people from greed agribusiness. "Proposition" is the 2008 Farm Music Video of the Year and it carries an important message: Vote Yes on Prop 2 for family farmers, consumers and the animals.

Watch this hilarious new Free Range movie, produced with the Humane Society of the United States. Then if you live in California, make sure you vote Yes on November 4. And wherever you live, make sure your California friends know about this exciting ballot initiative. It looks like it has a good chance of passing, but the polls show it's a close call.

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