Marci just concluded a deal paying off US vulture fund operator Paul Singer, a $2.5 billion pay-out which the Argentine government described as “extortion.”
The story of Argentina versus Singer, aka The Vulture, looms hugely over the US Presidential election. As Secretary of State, Hillary Clinton attempted to prevent Singer from collecting this “extortion” pay-off from Argentina. Singer, the top donor to the Republican Party, is fuming.
To get the story, listen to Greg Palast on Loud & Clear, …more
Investigó a Paul Singer y cuenta quiénes pudieron ganarle
Entrevista con Greg Palast, periodista de la BBC y The Guardian También relata cómo el poderoso titular del fondo buitre NML venció a Perú y al Tesoro de Estados Unidos.
Durante su vida anterior, cuando era detective privado, el estadounidense Greg Palast (62) trabajó para sindicatos, para el Gobierno de Estados Unidos y hasta para los indios nativos de Alaska, a los que ayudó a descubrir un fraude de British Petroleum por el desastre ecológico del petrolero Exxon Valdez en 1989. Hasta que se cansó que ver cómo los reporteros hablaban de su trabajo y se pasó al otro lado: “Me convertí en periodista de investigación de la BBC y The Guardian(Leer la traducción del artículo). No les importaba que supiera o no escribir. Lo que les interesaba era la información”.
Desde Nueva York, Palast habló por teléfono con Clarín sobre Paul Singer. El hombre que maneja el fondo NML y principal demandante de Argentina en el conflicto por la deuda en default, …more
Just in! Our plea to send medicine to a friend’s father in Haiti was answered by Democracy Now! producer Sharif Abdel-Kouddous who will make the delivery in Port-au-Prince. Apparently DN, unlike the US government, doesn’t require armed “Security” to save lives.
1. Bless the President for having rescue teams in the air almost immediately. That was President Olafur Grimsson of Iceland. On Wednesday, the AP reported that the President of the United States promised, “The initial contingent of 2,000 Marines could be deployed to the quake-ravaged country within the next few days.” “In a few days,” Mr. Obama?
2. There’s no such thing as a ‘natural’ disaster. 200,000 Haitians have been slaughtered by slum housing and IMF “austerity” plans.
3. A friend of mine called. Do I know a journalist who could get medicine to her father? And she added, trying to hold her voice together, “My sister, she’s under the rubble. Is anyone going who can help, anyone?” Should I tell her, “Obama will have Marines there in ‘a few days'”? …more
I still get a thrill whenever I get my hands on a confidential memo with “The White House, Washington” appearing on the letterhead. Even when—like the one I’m looking at now—it’s about a snoozy topic: This week’s G-20 summit.
But the letter’s content shook me awake, and may keep me up the rest of the night.
The 6-page letter from the White House, dated September 3, was sent to the 20 heads of state that will meet this Thursday in Pittsburgh. After some initial diplo-blather, our President’s “sherpa” for the summit, Michael Froman, does a little victory dance, announcing that the recession has been defeated. “Global equity markets have risen 35 percent since the end of March,” writes Froman. In other words, the stock market is up and all’s well. …more
I searched all over the newspapers and TV transcripts and no one asked the President what is probably the most important question of what passes for debate on the issue of health care reform: $80 billion of WHAT?
On June 22, President Obama said he’d reached agreement with big drug companies to cut the price of medicine by $80 billion. He extended his gratitude to Big Pharma for the deal that would, “reduce the punishing inflation in health care costs.”
Hey, in my neighborhood, people think $80 billion is a lot of money. But is it?
I checked out the government’s health stats (at HHS.gov), put fresh batteries in my calculator and totted up US spending on prescription drugs projected by the government for the next ten years. It added up to $3.6 trillion.
In other words, Obama’s big deal with Big Pharma saves $80 billion out of a total $3.6 trillion. That’s 2%.
Hey thanks, Barack! You really stuck it to the big boys. You saved America from these drug lords robbing us blind. Two percent. Cool! …more
He’s in hot water now. For a moment, on national television, the President of the United States turned black!
Last week, when his buddy “Skip” Gates got busted for being Black in Boston, Barack Obama forgot his official role: to soothe America’s conscience with the happy fairy tale that his election marked the end of racism in the USA.
Instead, Obama, the excruciatingly middle-of-the-road President, was seized by Barack the militant State Senator from the South Side of Chicago, who reminded us that cops bust Black guys for no goddamn good reason all the goddamn time.
I’m reminded that it was not so long ago that we watched the vicious gang-beating by Los Angeles cops of a defenseless, handcuffed, Rodney King, an African-American. King’s beating was unusual only in that it was caught on videotape. …more
Yesterday, Steven Rattner was forced to resign as Obama’s “Car Czar” – awaiting possible prosecution for bribery.
6 weeks ago, we identified Rattner as the man who designed the GM bankruptcy to benefit his banker buddies at the expense of auto workers.
Good riddance to Stevie the Rat and here’s why…
Screw the autoworkers. They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day.
Dimon is the CEO of JP Morgan Chase bank. While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting zilch and many creditors getting hosed, a few privileged GM lenders – led by Morgan and Citibank – expect to get back 100% of their loans to GM, a stunning $6 billion.
The way these banks are getting their $6 billion bonanza is stone cold illegal.
I smell a rat.
Stevie the Rat, to be precise. Steven Rattner, Barack Obama’s ‘Car Czar’ – the man who essentially ordered GM into bankruptcy this morning.
When a company goes bankrupt, everyone takes a hit: fair or not, workers lose some contract wages, stockholders get wiped out and creditors get fragments of what’s left. That’s the law. What workers don’t lose are their pensions (including old-age health funds) already taken from their wages and held in their name.
But not this time. Stevie the Rat has a different plan for GM: grab the pension funds to pay off Morgan and Citi.
Republicans are right. President Barack Obama treated them like dirt, didn’t give a damn what they thought about his stimulus package, loaded it with a bunch of programs that will last for years and will never leave the budget, is giving away money disguised as “tax refunds,” and is sneaking in huge changes in policy, from schools to health care, using the pretext of an economic emergency.
Way to go, Mr. O! Mr. Down-and-Dirty Chicago pol. Street-fightin’ man. Covering over his break-you-face power play with a “we’re all post-partisan friends” BS.
And it’s about time.
Frankly, I was worried about this guy. Obama’s appointing Clinton-droids to the Cabinet, bloated incompetents like Larry Summers as “Economics Czar,” made me fear for my country, that we’d gotten another Democrat who wished he were a Republican.
Then came Obama’s money bomb. The House bill included $125 billion for schools (TRIPLING federal spending on education – yes!), expanding insurance coverage to the unemployed, making the most progressive change in the tax code in four decades by creating a $500 credit against social security payroll deductions, and so on. …more
John Thain is the guy that looks like a Clark Kent doll you saw grinning from page one of your paper Friday morning. Thain was just fired by Bank of America because the square-jawed executive demanded a $30 million bonus after losing $5 billion in just three months at the bank’s Merrill Lynch unit. In addition, Thain spent over a million dollars redecorating his office while, at the same time, the U.S. Treasury was bailing out his company with billions in aid. Thain’s office re-do included the installation of a $35,000 toilet bowl.
Thain was robbed. He shouldn’t have been fired; he should have gotten a $60 million bonus — and Obama should immediately hire him as Secretary of the Treasury in place of that tax-dodging lightweight that’s been nominated, Timothy Geithner.
Has Barack Obama forgotten, “Way-to-go, Brownie“? Michael Brown was that guy from the Arabian Horse Association appointed by George Bush to run the Federal Emergency Management Agency. Brownie, not knowing the south shore of Lake Pontchartrain from the south end of a horse, let New Orleans drown. Bush’s response was to give his buddy Brownie a “way to go!” thumbs up.
We thought Obama would go a very different way. You’d think the studious Senator from Illinois would avoid repeating the Bush regime’s horror show of unqualified appointments, of picking politicos over professionals.
But here we go again. Trial balloons lofted in the Washington Post suggest President-elect Obama is about to select Joel Klein as Secretary of Education. If not Klein, then draft-choice number two is Arne Duncan, Obama’s backyard basketball buddy in Chicago.
Say it ain’t so, President O.
Let’s begin with Joel Klein. Klein is a top notch anti-trust lawyer. What he isn’t is an educator.
Klein is as qualified to run the Department of Education as Dick Cheney is to dance in Swan Lake. While I’ve never seen Cheney in a tutu, I have seen Klein fumble about the stage as Chancellor of the New York City school system.
Klein, who lacks even six minutes experience in the field, was handed management of New York’s schools by that political Jack-in-the-Box, Mayor Michael Bloomberg. The billionaire mayor is one of those businessmen-turned-politicians who think lawyers and speculators can make school districts operate like businesses.
Klein has indeed run city schools like a business – if the business is General Motors. Klein has flopped. Half the city’s kids don’t graduate.
Klein is out of control. Not knowing a damn thing about education, rather than rely on those who actually work in the field (only two of his two dozen deputies have degrees in education), Klein pays high-priced consultants to tell him what to do. He’s blown a third of a billion dollars on consultant “accountability” projects plus $80 million for an IBM computer data storage system that doesn’t work.
What the heck was the $80 million junk computer software for? Testing. Klein is test crazy. He has swallowed hook, line and sinker George Bush’s idea that testing students can replace teaching them. The madly expensive testing program and consultant-fee spree are paid for by yanking teachers from the classroom.
Ironically, though not surprisingly, test scores under Klein have flat-lined. Scores would have fallen lower, notes Jane Hirschmann, head of watchdog group Time Out From Testing, but Klein “moved the cut score,” that is, lowered the level required to pass. In other words, Klein cheats on the tests.
Nevertheless, media poobahs have fallen in love with Klein, especially Republican pundits.The New York Times‘ David Brooks is championing Klein, hoping that media hype for Klein will push Obama to keep Bush schools policies in place, trumping the electorate’s choice for change.
Brooks and other Republicans (hey, didn’t those guys lose?) are pushing Klein as a way for Obama to prove he can reach across the aisle to Republicans like Bloomberg. (Oh yes, Bloomberg’s no longer in the GOP, having jumped from the party this year when the brand name went sour.)
Choosing Klein, says Brooks, would display Obama’s independence from the teacher’s union. But after years of Bush kicking teachers in the teeth, appointing a Bush acolyte like Klein would not indicate independence from teachers but their betrayal.
Hoops versus Hope
The anti-union establishment has a second stringer on the bench waiting in case Klein is nixed: Arne Duncan. Duncan, another lawyer playing at education, was appointed by Chicago’s Boss Daley to head that city’s train-wreck of a school system. Think of Duncan as “Klein Lite.”
What’s Duncan’s connection to the President-elect? Duncan was once captain of Harvard’s basketball team and still plays backyard round-ball with his Hyde Park neighbor Obama.
But Michelle has put a limit on their friendship: Obama was one of the only state senators from Chicago to refuse to send his children into Duncan’s public schools. My information is that the Obamas sent their daughters to the elite Laboratory School where Klein-Duncan teach-to-the-test pedagogy is dismissed as damaging and nutty.
Mr. Obama, if you can’t trust your kids to Arne Duncan, why hand him ours?
Lawyer Duncan is proud to have raised test scores by firing every teacher in low-scoring schools. Which schools? There’s Collins High in the Lawndale ghetto with children from homeless shelters and drug-poisoned ‘hoods. They don’t do well on tests. So Chicago fired all the teachers. They brought in new ones – then fired all of them too: the teachers’ reward for volunteering to work in a poor neighborhood.
It’s no coincidence that the nation’s worst school systems are run by non-experts like Klein and Duncan.
Obama certainly knows this. I know he knows because he’s chosen, as head of his Education Department transition team, one of the most highly respected educators in the United States: Professor Linda Darling-Hammond of Stanford University.
So here we have the ludicrous scene of the President-elect asking this recognized authority, Dr. Darling-Hammond, to vet the qualifications of amateurs Klein and Duncan. It’s as if Obama were to ask Michael Jordan, “Say, you wouldn’t happen to know anyone who can play basketball, would you?”
Classroom Class War
It’s not just Klein’s and Duncan’s empty credentials which scare me: it’s the ill philosophy behind the Bush-brand education theories they promote. “Teach-to-the-test” (which goes under such pre-packaged teaching brands as “Success for All”) forces teachers to limit classroom time to pounding in rote low-end skills, easily measured on standardized tests. The transparent purpose is to create the future class of worker-drones. Add in some computer training and – voila! – millions trained on the cheap to function, not think. Analytical thinking skills, creative skills, questioning skills will be left to the privileged at the Laboratory School and Phillips Andover Academy.
We hope for better from the daddy of Sasha and Malia.
Educationally, the world is swamping us. The economic and social levees are bursting. We cannot afford another Way-to-go Brownie in charge of rescuing our children.
Greg Palast is the father of school-aged twins and the author of, “No Child’s Behind Left,” included in his New York Times bestseller, Armed Madhouse. Palast is a Nation Institute Puffin Foundation Fellow for investigative reporting.
And get a stack of print copies before we run out. Hand’m out on the voting line – non-partisan, so it’s OK. We’ll send them out via priority mail in time for the election. (Donate $100 and get a free copy of The Election Files DVD)
1. Don’t don’t don’t Mail In Your Ballot—unless…
For those of you who mailed in your ballot, please tell me, what happened to it? You don’t know, do you? I can tell you that officially, three-fourths of a million absentee ballots were never counted last time, on the weakest of technical excuses. And you won’t even know it. Furthermore, tens of thousands of ballots are not mailed out to voters in time to return them – in which case you’re out of luck. Most states won’t let you vote in-precinct once you’ve applied to vote absentee. Every time I hear of a voter going “absentee” to avoid computer screens, I want to “go postal” myself.
But for gosh sakes—don’t throw out your ballot if you have a mail-in. Either mail it in, making sure to include ID if required (you first-time voters) or, better, WALK it into your county clerk’s office. …more