The vision for Evergreene Digest is to be the preferred one-stop on-line source for information and perspectives that major news entities exclude from the present day American conversation. The Internet makes it possible to loosen the grip on big media by taking the news into our own hands. We readers-turned-reporters can restore integrity to the nation's single most vital conduit for democratic participation, our media.

Home Page

Homeowners foreclose on Bank of America

    \r\n
  • "Having two sheriff's deputies sitting across your desk and a lawyer standing up behind them demanding whatever assets are in the bank can be intimidating, but so is having your home foreclosed on, when it wasn't right," attorney Todd Allen said. "They've ignored our calls, ignored our letters, legally this is the next step to get my clients compensated."
  • \r\n

  • Allen ordered the deputies to take photocopiers, desks, computers and whatever cash was in the drawer to settle the debt. The bank manager on duty was "visibly shaken" he said.
  • \r\n

\r\n

Neev M. Arnell, NaturalNews.com

If you like reading this article, consider contributing a cuppa jove to Evergreene Digest--using the donation button in the above right-hand corner—so we can bring you more just like it.

In a role reversal that would bring satisfaction to many a struggling American, a foreclosed couple foreclosed on a Bank of America branch last week (May 29-June 4).

Warren and Maureen Nyerges, of the Naples, FL, area, bought a home with cash in 2009, yet in 2010 Bank of America tried to foreclose on them. It eventually took a court intervention to remedy the situation.

In December 2010, a judge said that the bank wrongfully tried to foreclose on the Nyerges home and ordered the bank to pay the couple $2,500 for the attorney fees resulting from the mess. But months later, the bank still had not paid up.

More...

Section(s): 

Ten Years Of The Bush Tax Cuts

The lofty rhetoric used by conservatives to sell the Bush tax cuts didn’t match reality.
GOP Can’t Handle The Truth: Taxes Are Lower Under Obama Than Reagan

Pat Garofalo, Progress Report

At a time when corporations are buying up elections – not to mention the 24-hour-news cycle – help ensure that a source for truly independent journalism lives on. Support Evergreene Digest today by using the donation button in the above right-hand corner.

10 years ago tomorrow (June 7), the first of the Bush tax cuts was enacted. That 2001 tax cut was followed up by a second tax cut in 2003, passed after Vice-President Dick Cheney reportedly asserted that “deficits don’t matter.” The tax cuts were sold as necessary economic stimulus that would boost job creation and a moribund economy. “Tax relief will create new jobs, tax relief will generate new wealth, and tax relief will open new opportunities,” Bush said on April 16, 2001 as he was pushing for the passage of the first tax cut. Two years later he said, “These tax reductions will bring real and immediate benefits to middle-income Americans…By speeding up the income tax cuts, we will speed up economic recovery and the pace of job creation.”

\r\n

Bush called the 2001 tax cut, “a victory for fairness and a vote for economic growth.” Then-Speaker of the House Dennis Hastert (R-IL) said that the cuts were necessary to “spur the economy on.” And up through 2008, Bush was still convinced that his tax cuts had been good for the economy. “I think when people take a look back at this moment in our economic history, they’ll recognize tax cuts work. They have made a difference,” Bush said. However, the record of the Bush tax cuts is undeniable: their enactment coincided with the weakest economic expansion of the post-war period, blowing up the national deficit and debt, while not bringing any of the promised gains.

\r\n

More...

\r\n

Related:

\r\n

GOP Can’t Handle The Truth: Taxes Are Lower Under Obama Than Reagan, Pat Garofalo, Think Progress
President Obama met with House Republicans today (June 1) at the White House to discuss ways to move forward on negotiations regarding the nation’s debt ceiling and the budget. During the discussion, talk evidently turned to taxes, and when Obama noted that taxes today are lower than they were under President Reagan, the GOP, according to The Hill, “engaged in a lot of ‘eye-rolling’“

Section(s): 

Creating productive jobs the way out of Great Recession

    \r\n
  • The most arresting piece of the Standard & Poor's/Case-Shiller index report last week (May 29-June4) was that house prices have fallen further than during the Great Depression, when they took 19 years to recover their losses.
  • \r\n

  • US jobs report points to protracted downturn
  • \r\n

  • The Greatest Depression Has Only Begun
  • \r\n

\r\n

Jon Talton, Special to Seattle Times | WA

If you like reading this article, consider contributing a cuppa jove to Evergreene Digest--using the donation button above—so we can bring you more just like it.

The causes of the Great Depression are still debated. Aside from arguments about the relative shares of blame, the roots of the Great Recession are well known.

\r\n

Stoked by years of easy credit from the Federal Reserve, the banking industry and Wall Street created a classic, if historic, bubble, which popped.

\r\n

Mortgages were the kindling. They were bundled into wildly profitable securities and exotic derivatives sold and resold to investors. No small amount of fraud was involved, abetted by the 1999 deregulation of financial services, including the repeal of Depression-era laws designed to avert just such a calamity.

\r\n

More...

\r\n

Related:

\r\n

US jobs report points to protracted downturn, Andre Damon, World Socialist Website

\r\n

    \r\n
  • Since February 2010, the US economy has created 1.8 million jobs. But this figure pales in comparison with the 8.7 million jobs that were lost since the start of the recession.
  • \r\n

  • Workers are being rehired at far lower wages, with fewer benefits and under even more exploitative conditions.
  • \r\n

  • Robert Reich | The Truth About the American Economy
  • \r\n

\r\n


The Greatest Depression Has Only Begun, Centre for Research on Globalization

\r\n

    \r\n
  • "Evidence of a deterioration of global manufacturing growth and renewed weakness in job creation in the United States emerged Wednesday (June 1), two reversals that have markets bracing for an economic pause, or worse...
  • \r\n

  • Add to that a daunting list of aggravating factors: the continued implosion of the U.S. housing market, an outbreak of worldwide risk aversion, high crude-oil and gas prices pinching consumer demand, further tightening in China and other emerging-market economies, stock market losses, lack of credit growth, the looming end to the Fed’s monetary stimulus, weak business capital spending, and the still-unfolding sovereign debt crisis in Europe."
  • \r\n

\r\n


Section(s): 

The Greatest Depression Has Only Begun

    \r\n
  • "Evidence of a deterioration of global manufacturing growth and renewed weakness in job creation in the United States emerged Wednesday (June 1), two reversals that have markets bracing for an economic pause, or worse...
  • \r\n

  • Add to that a daunting list of aggravating factors: the continued implosion of the U.S. housing market, an outbreak of worldwide risk aversion, high crude-oil and gas prices pinching consumer demand, further tightening in China and other emerging-market economies, stock market losses, lack of credit growth, the looming end to the Fed’s monetary stimulus, weak business capital spending, and the still-unfolding sovereign debt crisis in Europe."
  • \r\n

\r\n

Centre for Research on Globalization

If you like reading this article, consider contributing a cuppa jove to Evergreene Digest--using the donation button in the above right-hand corner—so we can bring you more just like it.

The greatest depression in human history is still in its starting stages. What the media and many officials often refer to as the "hangover" from the global financial crisis is in fact the end of the beginning. Originating in 2008, the global economic crisis took the world by storm: banks collapsed, the "too big to fail" became bigger by consolidating the rest, governments bailed out their financial industries, masses of people lost their jobs, the 'developing' world was plunged into a deep systemic crisis, food prices rose, which in time spurred social unrest; and the Western nations that took on the bad debts of the big banks are on the precipice of a great global debt crisis, originating in Europe, hitting Greece and Spain, but destined to consume the industrialized world itself. Though many claim that we are in a "recovery," things could not be further from the truth.

As the mainstream media is finally catching on to the reality of the mirage of the so-called "recovery", reports are surfacing about a dire global economic situation.

More...

Section(s): 

Two Cases of Justice: Osama Bin Laden and Ratko Mladic

\r\n

    \r\n
  • What's the point of arresting Mladic and putting him on trial?  Why is that considered "bringing him to justice"?  Why not just pump his skull full of bullets and dump his corpse into the ocean, and then proclaim that "justice has been done"?
  • \r\n

  • If "justice" demands that this heinous Serbian war criminal be arrested and tried before being punished, why was the same not true for bin Laden?
  • \r\n

  • Noam Chomsky | The Revenge Killing of Osama bin Laden
  • \r\n

  • Noam Chomsky | When Did America Completely Jettison the Rule of Law?
  • \r\n

\r\n

Glenn Greenwald, Salon

Osama bin Laden, left, and Ratko Mladic

The individual whom the New York Times describes as Europe's "most wanted war crimes suspect" was captured yesterday in Serbia and will likely be extradited to be tried before an international war crimes tribunal at the Hague:

\r\n

Ratko Mladic, the former Bosnian Serb general held responsible for the massacre of some 8,000 Muslim men and boys at Srebrenica in 1995, was arrested on Thursday . . .

\r\n

The massacre at Srebrenica was the worst ethnically motivated mass murder on the European continent since World War II. Mr. Mladic was also accused of war crimes for the three-and-a-half-year siege of Sarajevo, in which 10,000 people died, including 3,500 children. . . .

\r\n

More...

\r\n

Related:

\r\n

The Revenge Killing of Osama bin Laden, Noam Chomsky, Truthout

\r\n

    \r\n
  • The May 1 U.S. attack on Osama bin Laden's compound violated multiple elementary norms of international law, beginning with the invasion of Pakistani territory. There appears to have been no attempt to apprehend the unarmed victim, as presumably could have been done by the 79 commandos facing almost no opposition.
  • \r\n

  • President Obama announced that 'justice has been done.' Many did not agree - even close allies. British barrister Geoffrey Robertson, who generally supported the operation, nevertheless described Obama's claim as an 'absurdity' that should have been obvious to a former professor of constitutional law.
  • \r\n

\r\n

Chomsky: When Did America Completely Jettison the Rule of Law? Noam Chomsky, Alternet

\r\n

    \r\n
  • In societies that profess some respect for law, suspects are apprehended and brought to fair trial.
  • \r\n

  • Obama, in contrast to Bush, has focused on eliminating individual terrorists rather than attempting to take them alive.
  • \r\n

  • Hate for Hate: Joystick Justice
  • \r\n

\r\n

Section(s): 

Arms and the Budget

\r\n

    \r\n
  • "Even in the face of efforts to bring down the soaring US budget deficit, military spending continues to receive privileged treatment. President Obama's FY2012 budget announced a 5-year freeze on non-security-related discretionary expenditure, but military spending, along with other security spending such as intelligence and Homeland Security is exempt. Such cuts as may occur are likely to be due to the end of the US troop presence in Iraq and the gradual drawdown from Afghanistan, rather than to cuts in the 'base' defence budget. Taken together, these figures suggest that the USA continues to prioritize maintaining its overwhelming military power as the basis of its security and status."
  • \r\n

  • $1.2 Trillion: The Real U.S. National Security Budget No One Wants You to Know About
  • \r\n

  • The Fake Budget Debate in Washington, DC
  • \r\n

\r\n

Jeff Nygaard, Nygaard Notes

Earlier this month SIPRI (the Stockholm International Peace Research Institute) released their annual report on global military expenditures. This major report was covered in four newspapers in the United States: The Wilmington Star News in N. Carolina, the Bismarck Tribune in N. Dakota. the Lewiston Morning Tribune in Idaho and the Monterey County Herald in California. That's not exactly a list of the nation's agenda-setting media, which is disappointing given the importance of the information for U.S. activists and voters, especially in this time of Deficit Mania.

\r\n

While I give credit to these small regional newspapers for covering the report, it's unfortunate that they all adhered to the angle chosen by the single Associated Press wire story on the report. That angle was the fact that the overall rate of growth in worldwide military spending slowed a bit in 2010. It's down quite a bit from the annual average increase of 5.1 percent since 2001, and thus is newsworthy. But still, the role of the United States, which was highlighted in the report for good reason, was ignored by the media in this country. I'll highlight it here.

\r\n

More...

\r\n

Related:

\r\n

$1.2 Trillion: The Real U.S. National Security Budget No One Wants You to Know About, BeforeIt'sNews.com

\r\n

    \r\n
  • If Americans were ever presented with the real bill for the total U.S. national security budget, it would actually add up to more than $1.2 trillion a year.
  • \r\n

  • The simplest way to grasp just how Americans could pay such a staggering amount annually for “security” is to go through what we know about the U.S. national security budget, step by step, and add it all up.
  • \r\n

\r\n

The Fake Budget Debate in Washington, DC, Shamus Cooke, Workers' Compass

\r\n

    \r\n
  • As long as both Democrats and Republicans agree that the U.S. government must be directed to meet the needs of the super wealthy who own U.S. corporations, the country will shift continually to the right, with social programs and living standards evaporating.
  • \r\n

  • However, the stronger that labor and community groups unite and fight to save these social programs, the harder will it be to cut them; out of such a struggle will emerge practical solutions to solving the deficit problems of the country, such as dramatically increasing the taxes on the rich and corporations so that jobs can be created and social programs saved.
  • \r\n

  • Democrats and Republicans escalate campaign against health care programs
  • \r\n

\r\n


Section(s): 

The Coming Economic Contraction

    \r\n
  • We, in the high consumption regions of the world, must find new ways of being satisfied in life. Of course, we should not be stolen from and taken advantage of by the wealthy oligarchs of the corporate and political elites-a separate species of madmen and madwomen who have lost their association with humanity – and who would accept, even engineer, the suffering and deaths of millions of their fellows to maintain high levels of consumption.
  • \r\n

  • They, like any dangerously diseased animal, must be appropriately responded to, first with attempts at a cure and then with segregation unless they can adapt to living with the rest of us without being a danger.
  • \r\n

\r\n


James Keye, Dissident Voice

Thanks to Evergreene Digest Reader Scott Schneider for submitting this article.

This article is made possible with the generous contributions of readers like you. Thank you!

Economic contraction, the lowering of material wealth standards especially for the middle classes, is more complex than the simple redistribution of tiny increments of wealth from the multitude to the aggressively rich. There is a more serious process in play. It is that those peoples and nations using more than an average of about 2.5 hectares per capita of the earth’s productive capacity must bring down their use (1 hectare = 100 meters by 100 meters = 2.47 acres): this can be done with some equity and social justice or it can be done in dynamic struggle to keep present levels, increase use on the old pattern, if possible, and push want and despair off onto others. (search “Ecological Footprint Atlas 2010” and “2010 NFA data tables” for most resent data)

\r\n

Put another way, this can be done with some serious efforts at fairness or it can be done catastrophically. Our opening efforts, while not irrevocable, seem pointed toward catastrophe. At present the need to reduce average consumption is occurring at the same time as the world’s wealthiest people are increasingly using their power advantage to gather up (steal from other humans and the rest of the living world) and control as much real wealth as possible.

\r\n

More...

Section(s): 

Pages

Subscribe to Home Page