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Milt Priggee | The State of the Economy / media.cagle.com

Milt Priggee | The State of the Economy / media.cagle.com

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SYRIZA bows to banks, capitalists take aim at democracy

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  • The extension of the Memorandum shows that within the confines of the European Union, and the capitalist system more broadly, fundamental change is impossible. This makes the activities of revolutionary forces around the world all the more crucial.
  • Financial Warfare and the EU Showdown: Greece Takes on the Vampire Squid

Walter Smolarek, Liberation News

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photo_verybig_166268.jpg Eurogroup chief Jeroen Dijsselbloem (left) and Greek Finance Minister Yanis Varoufakis (right) speak during a press conference following a meeting at the Finance Ministry in Athens, Greece, Jan. 30

Feb 22, 2015 | On Feb. 20, the new Greek government led by the Coalition of the Radical Left (SYRIZA) signed an agreement with the Eurogroup, composed of the finance ministers of all the countries that use the Euro currency. Upon assuming control of the government after last month’s election, SYRIZA declared that the hated Memorandum—the agreement between heavily indebted Greece and its creditors trading money for bank bailouts in return for devastating austerity measures—was over. This has been proven false. The Feb. 20 agreement extends the Memorandum for four months and commits the new government to all of its basic features for the foreseeable future.

The agreement states, “The Greek authorities reiterate their unequivocal commitment to honor their financial obligations to all their creditors fully and timely.” SYRIZA intends to make sure the banks get their money.

Walter Smolarek is a reporter for Liberation News, the newspaper of the Party for Socialism and Liberation (PSL).

Full story … 

Related:

Financial Warfare and the EU Showdown: Greece Takes on the Vampire Squid, Ellen Brown, Global Research

  • Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
  • Syriza’s historic win puts Greece on collision course with Europe
  • The Truth About Jobs That No One Wants to Tell You

The War on Children: No Bankster Left Behind

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  • The United States is one of the few countries in the world that puts children in supermax prisons, tries them as adults, incarcerates them for exceptionally long periods of time, defines them as super predators, pepper sprays them for engaging in peaceful protests, and, in an echo of the discourse of the war on terror, describes them as 'teenage time bombs.' 
  • Part 1: Nearly Half Of Low-Income Kids Don't Eat Breakfast.
  • Part 2: Aid to Needy Often Excludes the Poorest in America

Compiled by David Culver, Ed., Evergreene Digest



Part 1: Nearly Half Of Low-Income Kids Don't Eat Breakfast. 

Here's 1 Way To Fix That

Eleanor Goldberg, Huffington Post

n-BREAKFAST-AT-SCHOOL-large570.jpg02/16/2015 | Hunger is on the rise among children in the U.S., and though there are systems in place to make sure low-income kids are fed at school, a concerning number of struggling students aren’t eating breakfast.

One in five kids relied on food stamps last year, yet nearly half of low-income children didn’t sit down to the most important meal of the day, according to a recent report released by the Food Research and Action Center (FRAC).

Eleanor Goldberg is the Editor of HuffPost Impact.

Full story … 



Part 2: Aid to Needy Often Excludes the Poorest in America

Assistance to needy Americans has grown at a gallop since the mid-1980s, giving a hand up to the disabled, the working poor and married couples with children. At the same time, though, government aid directed at the nation’s poorest individuals has shrunk.

Patricia Cohen, New York (NY) Times

17SAFETYNET-articleLarge.jpgCharles Constance, 53, has been unable to find steady work. Until recently, he and his 9-year old son, Pablo, lived at a homeless shelter in New Orleans. Credit William Widmer for the New York Times

Feb. 16, 2015 | The safety net helped keep Camille Saunders from falling, but not Charles Constance.

The difference? Ms. Saunders has a job, and Mr. Constance does not. And therein lies a tale of a profound shift in government support for low-income Americans at a time when stagnating wages and unstable schedules have kept many workers living near or below the poverty line.

Patricia Cohen: I write about economics for the New York Times, and am the author of In Our Prime: The Invention of Middle Age.

Full story … 

Obama Is Leading the Way Toward Economic Catastrophe

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The misdirection of government power suggests that many leaders don't believe things were changed that much by the breakdown of 2007. They are still looking backwards, complacently doing the same stuff that failed sixty and eighty years ago.

William Greider, the Nation 

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Scott Stantis 

February 9, 2015 | Disregard the happy talk from the Obama White House. The stagnant global economy remains at the precipice of something worse unfolding—full-blown deflation. And the so-called recovery in the US economy remains shaky, despite good employment numbers. Here and abroad, the governing authorities seem to have forgotten the most basic nature of our situation. We live now in a globalized economy where one nation's cold can lead to another country's heart attack. Their ignorance is shocking, but also dangerous.

In fact, the US and other leading economies are beginning to mimic some of the same grave errors governments committed in the distant past, circa 1929, when spreading collapses of banks and financial markets morphed into the Great Depression. I am not predicting such a catastrophic outcome, not yet anyway. But the risk is present. The road to the Great Depression was paved with similarly myopic strategies. This president is not Herbert Hoover. But he might someday be remembered as Wrong-Way Obama.

William Greider, a prominent political journalist and author, has been a reporter for more than 35 years for newspapers, magazines and television. Over the past two decades, he has persistently challenged mainstream thinking on economics. 

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Senator Elizabeth Warren Opposes “Audit The Fed” Bill

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  • She wants the central banking in America, and in the rest of the world to remain exactly as it is. 
  • Despite her favor among mainstream liberals, Warren has proven herself to be an enemy of freedom. In the past, Warren has spoken in favor of drug prohibition, gun prohibition, and war in the middle east.
  • Let's Not Be Fooled By Bernie Sanders & Elizabeth Warren

John Vibes, AntiMedia

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Nate Beeler

February 15, 2014 | Senator Elizabeth Warren, the pro-establishment puppet who pretends to be a champion of the people, has recently announced her opposition to the “Audit The Fed” bill, because it would allow for too much “meddling” in monetary policy.

It is true that the Federal Reserve should be abolished immediately, auditing the Federal Reserve is a move that is far too little far too late, but the recent “Audit The Fed” bill is at least a symbolic statement against central banking in the United States.

John Vibes is an author, researcher and investigative journalist who takes a special interest in the counter culture and the drug war. In 2013, he became one of the organizers of the Free Your Mind Conference, which features top caliber speakers and whistle-blowers from all over the world. You can find his … book entitled “Alchemy of the Timeless Renaissance” at bookpatch.com.

Full story … 

Related:

Let's Not Be Fooled By Bernie Sanders & Elizabeth Warren, Thomas Scott Tucker, Popular Resistance 

  • Let’s not be fooled by “progressives” who can’t find their spines when the colonial regime in Israel bombs the crowded ghetto of Gaza.
  • Special Project | The Dumbing Down of American Politics, Week Ending August 17, 2014

Financial Warfare and the EU Showdown: Greece Takes on the Vampire Squid

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  • Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
  • Syriza’s historic win puts Greece on collision course with Europe
  • The Truth About Jobs That No One Wants to Tell You

Ellen Brown, Global Research

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PBI-weblogo.jpg?1412977909January 7, 2015 | A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout.

Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long.

Ellen Brown is an attorney, president of the Public Banking Institute, and author of twelve books including the best-selling Web of Debt. In The Public Bank Solution, her latest book, she explores successful public banking models historically and globally. Her websites are http://WebofDebt.com, http://PublicBankSolution.com, and http://PublicBankingInstitute.org.

Full story … 

Related:

Syriza’s historic win puts Greece on collision course with Europe, Ian Traynor, and Helena Smith, Guardian

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  • Voters reject EU austerity for radical alternative of far-left party
  • Upstarts fall two seats short of an overall majority
  • ‘Greece has turned a page,’ says 40-year-old leader Alexis Tsipras
  • Austerity Is Poisoning The Economy, In 2 Charts

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The Truth About Jobs That No One Wants to Tell You, Robert Reich, LA Progressive

  • If government doesn’t spend more right now and get Americans back to work, we could be out of work for years. And the debt will be with us even longer. And politics could get much uglier.
  • What the AFL-CIO Did Not Say About Raising Wages

The Truth About Jobs That No One Wants to Tell You

Politics%20Banner.jpg

  • If government doesn’t spend more right now and get Americans back to work, we could be out of work for years. And the debt will be with us even longer. And politics could get much uglier.
  • What the AFL-CIO Did Not Say About Raising Wages

Robert Reich, LA Progressive

Starbuck%27s%20Cafe%20Latte%20with%2010%20yr%20banner.jpgIf you like reading this article, consider joining the crew of all reader-supported Evergreene Digest by contributing the equivalent of a cafe latte a month--using the donation button above—so we can bring you more just like it.

Job-loss.giUnemployment will almost certainly remain in double digits next year — and may remain there for some time. And for every person who shows up as unemployed in the Bureau of Labor Statistics’ household survey, you can bet there’s another either too discouraged to look for work or working part time who’d rather have a full-time job or else taking home less pay than before (I’m in the last category, now that the University of California has instituted pay cuts). And there’s yet another person who’s more fearful that he or she will be next to lose a job.

In other words, ten percent unemployment really means twenty percent underemployment or anxious employment. All of which translates directly into late payments on mortgages, credit cards, auto and student loans, and loss of health insurance. It also means sleeplessness for tens of millions of Americans. And, of course, fewer purchases (more on this in a moment).

Robert Reich is an American political economist, professor, author, and political commentator. He's the Chancellor’s Professor of Public Policy at the University of California at Berkeley and Senior Fellow at the Blum Center for Developing Economies. He was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the twentieth century.

Full story … 

Related:

What the AFL-CIO Did Not Say About Raising Wages, Ann Robertson and Bill Leumer, LA Progressive

  • The Democrats will have nothing to do with a $15 minimum wage because their handlers, the 1%, as a rule firmly reject it.
  • Let's Not Be Fooled by Elizabeth Warren or Bernie Sanders

Section(s): 

Series | Haiti A Shaky Recovery, Part 3: Revival of Haiti’s withered coffee industry would boost rural livelihoods.

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Haiti’s storied coffee industry collapsed in the 1980s amid political instability and low prices. Now, it is once again seen as a promising avenue for development — but local farmers need to get reacquainted with the bean.

Ángel González, Seattle (WA) Times

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2025390690.jpgOgisna Journal, president of a coffee cooperative in Haiti, participates in Catholic Relief Services’ Mountains to Markets project. Journal was recently at the Specialty Coffee Association of America’s annual meeting in Seattle.  Mike Siegel / the Seattle Times

Enoch Télémaque, a 47-year-old farmer, remembers when the misty mountains at Haiti’s southwestern tip were among the richest pillars of a booming coffee industry.

“Everything was covered with coffee,” he said, pointing to the hills surrounding the shack where the town’s tiny coffee cooperative shelters from the rain. When he was a child, said Télémaque, raindrops meant “Everybody put on their gear to go out and plant coffee.”

Haiti was once the world’s largest coffee producer, though deforestation and neglect erased that wealth decades ago.

Ángel GonzálezSeattle (WA) Times business reporter

Full story … 

Related:

Part 2: Push to make Haiti an e-cash economy fell far short

In the Western Hemisphere’s poorest country, few people have bank accounts. But cheap cellphones are ubiquitous, and for people like Johanna Joseph, they are the sole link with any form of banking.

Part 1: Five years after quake, emerging northern Haiti faces challenges

It’s been half a decade since a 7.0 earthquake ravaged Haiti, and a tiny northern fishing village has its first electricity, illuminating both the nation’s recovery and the obstacles slowing its progress.

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