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	<title>Accuracy.Org</title>
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		<title>U.S. in Yemen: Escalating War, Stifling Speech</title>
		<link>http://www.accuracy.org/release/u-s-in-yemen-escalating-war-stifling-speech/</link>
		<comments>http://www.accuracy.org/release/u-s-in-yemen-escalating-war-stifling-speech/#comments</comments>
		<pubDate>Wed, 16 May 2012 20:53:42 +0000</pubDate>
		<dc:creator>journalist</dc:creator>
				<category><![CDATA[military]]></category>
		<category><![CDATA[terrorism]]></category>
		<category><![CDATA[war]]></category>
		<category><![CDATA[yemen]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28380</guid>
		<description><![CDATA[<a href="http://www.accuracy.org/release/u-s-in-yemen-escalating-war-stifling-speech/"><img class=" " title="An ongoing heavy and regular attack by the military forces  is targeting and destroying Taiz city's peaceful neighborhoods" src="http://hritc.info/mimages/310130_249141318468560_178291712220188_692348_161906878_n.jpg" alt="" width="165" height="123.87" /></a>

AP is reporting: "Government troops and warplanes pounded al-Qaida positions in southern Yemen on Wednesday, killing at least 29 militants as part of a ramped up campaign against the group, military officials said."

El Asbahi is founder and director of the <a href="http://hritc.info/en/">Human Rights Information and Training Center in Yemen</a>. He said today: "The U.S. military and the Yemeni government frequently launch these attacks and claim they are killing al-Qaida fighters. But the fact is quite often they are killing regular people, or political opponents of the regime who are not al-Qaida. This ends up having the effect of causing more resentment and gives al-Qaida more recruits. After the start of the uprising a year ago, the U.S. declared they would get rid of al-Qaida in a matter of three weeks. Today al-Qaida controls a region ten times the size of Bahrain with sea port access."

This week El Asbahi is in Washington, D.C. with a delegation of the <a href="http://www.annd.org/">Arab NGO Network for Development</a>, which also includes representatives from Egypt, Iraq, Lebanon, Tunisia and other Arab countries.

He added: "Military intervention and use of violence has left a negative impact and does not achieve the stated goal of eliminating terrorism. The elimination of terrorism starts with the support of local development. Airplane and drone bombings nurture terrorism as they enroll more people struggling with poverty, anger and fear with al-Qaida which gives them a salary and a Kalashnikov to empty their anger. While in city of Taiz, a stronghold of the left and revolution in Yemen, they still talk fondly of U.S. aid and the 'Kennedy project' of drinking water distribution."
]]></description>
			<content:encoded><![CDATA[<div class="wp-caption alignright" style="width: 330px"><a href="http://www.accuracy.org/release/u-s-in-yemen-escalating-war-stifling-speech/"><img class=" " title="An ongoing heavy and regular attack by the military forces  is targeting and destroying Taiz city's peaceful neighborhoods" src="http://hritc.info/mimages/310130_249141318468560_178291712220188_692348_161906878_n.jpg" alt="" width="320" height="240" /></a><p class="wp-caption-text">Human Rights Information and Training Center in Yemen states: &quot;An ongoing heavy and regular attack by the military forces  is targeting and destroying Taiz city&#39;s peaceful neighborhoods.&quot;</p></div>
<p>AP is reporting: &#8220;Government troops and warplanes pounded al-Qaida positions in southern Yemen on Wednesday, killing at least 29 militants as part of a ramped up campaign against the group, military officials said.&#8221;</p>
<p>IZZA-DEEN EL ASBAHI, via Ryme Katkhouda, rymepmc at gmail.com or Kinda Mohamadieh, kinda.mohamadieh at annd.org<br />
El Asbahi is founder and director of the <a href="http://hritc.info/en/">Human Rights Information and Training Center in Yemen</a>. He said today: &#8220;The U.S. military and the Yemeni government frequently launch these attacks and claim they are killing al-Qaida fighters. But the fact is quite often they are killing regular people, or political opponents of the regime who are not al-Qaida. This ends up having the effect of causing more resentment and gives al-Qaida more recruits. After the start of the uprising a year ago, the U.S. declared they would get rid of al-Qaida in a matter of three weeks. Today al-Qaida controls a region ten times the size of Bahrain with sea port access.&#8221;</p>
<p>This week El Asbahi is in Washington, D.C. with a delegation of the <a href="http://www.annd.org/">Arab NGO Network for Development</a>, which also includes representatives from Egypt, Iraq, Lebanon, Tunisia and other Arab countries.</p>
<p>He added: &#8220;Military intervention and use of violence has left a negative impact and does not achieve the stated goal of eliminating terrorism. The elimination of terrorism starts with the support of local development. Airplane and drone bombings nurture terrorism as they enroll more people struggling with poverty, anger and fear with al-Qaida which gives them a salary and a Kalashnikov to empty their anger. While in city of Taiz, a stronghold of the left and revolution in Yemen, they still talk fondly of U.S. aid and the &#8216;Kennedy project&#8217; of drinking water distribution.&#8221;</p>
<p>The Arab NGO delegation just released a paper, &#8220;Overview and Suggestions for Improving Key Areas in U.S. Foreign Policy Towards the Arab Region.&#8221; For a copy and profiles of the delegates, see <a href="This week El Asbahi is in Washington, D.C. with a delegation of the Arab NGO Network for Development, which also includes representatives from Egypt, Iraq, Lebanon, Tunisia and other Arab countries.     He added: &quot;Military intervention and use of violence has left a negative impact and does not achieve the stated goal of eliminating terrorism. The elimination of terrorism starts with the support of local development. Airplane and drone bombings nurture terrorism as they enroll more people struggling with poverty, anger and fear with al-Qaida which gives them a salary and a Kalashnikov to empty their anger. While in city of Taiz, a stronghold of the left and revolution in Yemen, they still talk fondly of U.S. aid and the 'Kennedy project' of drinking water distribution.&quot;     The Arab NGO delegation just released a paper, &quot;Overview and Suggestions for Improving Key Areas in U.S. Foreign Policy Towards the Arab Region.&quot; For a copy and profiles of the delegates, see: http://husseini.posterous.com/arab-ngo-network-for-development-statement-on     While most of the members of the delegation can speak English, El Asbahi would require Arabic translation, which can be provided.  The Washington Post is reporting: &quot;President Obama issued an executive order Wednesday giving the Treasury Department authority to freeze the U.S.-based assets of anyone who 'obstructs' implementation of the administration-backed political transition in Yemen.  &quot;The unusual order, which administration officials said also targets U.S. citizens who engage in activity deemed to threaten Yemen’s security or political stability, is the first issued for Yemen that does not directly relate to counterterrorism.&quot; http://www.washingtonpost.com/world/national-security/president-obama-executive-order-will-give-treasury-authority-to-freeze-us-based-assets-in-yemen/2012/05/15/gIQALWPUSU_story.html  IBRAHAM QATABI, (646) 436-3377, Ibraham.Qatabi@gmail.com    Qatabi is a Yemeni American human rights activist and a legal worker with Center for Constitutional Rights specializing in Yemen. He said today: “The USG isn’t naming groups or people who it’s illegal to work with, so any sensible person would be very cautious about working with anyone they aren’t 100 percent sure the USG approves of. In fact, the USG’s officials have flat out told the press that the sanctions are a 'deterrent' to 'make clear to those who are even thinking of spoiling the transition' to think again -- in other words, think again before you work with any democracy activists who we think are 'spoiling the transition' to the U.S. government’s favored candidate for leadership. It reminds me of something the government said in the 9th Circuit in HLP v. Holder -- that the aim of these broadly-worded sanctions regimes, capable of criminalizing speech, is to make groups the U.S. government disfavors so 'radioactive' that American citizens won’t even want to go near them. That’s not democracy – either here or in Yemen.”  See on the White House website: &quot;Executive Order -- Blocking Property of Persons Threatening the Peace, Security, or Stability of Yemen.&quot; http://www.whitehouse.gov/the-press-office/2012/05/16/executive-order-blocking-property-persons-threatening-peace-security-or-  Background: Obama urged the Yemeni dictator Saheh to keep the journalist Abdulelah Haider Shaye in prison. This was apparently because Shaye was exposing that U.S. strikes were killing civilians. See &quot;Why Is President Obama Keeping a Journalist in Prison in Yemen?&quot; by Jeremy Scahill. http://www.thenation.com/article/166757/why-president-obama-keeping-journalist-prison-yemen  Marcy Wheeler today notes that the new executive order could be used to target Scahill: &quot;The Jeremy Scahill Yemen Executive Order&quot; http://www.emptywheel.net/2012/05/16/the-jeremy-scahill-yemen-executive-order">here</a>.</p>
<p>While most of the members of the delegation can speak English, El Asbahi would require Arabic translation, which can be provided.</p>
<p>The Washington Post is <a href="http://www.washingtonpost.com/world/national-security/president-obama-executive-order-will-give-treasury-authority-to-freeze-us-based-assets-in-yemen/2012/05/15/gIQALWPUSU_story.html">reporting</a>: &#8220;President Obama issued an executive order Wednesday giving the Treasury Department authority to freeze the U.S.-based assets of anyone who &#8216;obstructs&#8217; implementation of the administration-backed political transition in Yemen.</p>
<p>&#8220;The unusual order, which administration officials said also targets U.S. citizens who engage in activity deemed to threaten Yemen’s security or political stability, is the first issued for Yemen that does not directly relate to counterterrorism.&#8221;</p>
<p>IBRAHAM QATABI, Ibraham.Qatabi at gmail.com<br />
Qatabi is a Yemeni American human rights activist and a legal worker with Center for Constitutional Rights specializing in Yemen. He said today: “The USG isn’t naming groups or people who it’s illegal to work with, so any sensible person would be very cautious about working with anyone they aren’t 100 percent sure the USG approves of. In fact, the USG’s officials have flat out told the press that the sanctions are a &#8216;deterrent&#8217; to &#8216;make clear to those who are even thinking of spoiling the transition&#8217; to think again &#8212; in other words, think again before you work with any democracy activists who we think are &#8216;spoiling the transition&#8217; to the U.S. government’s favored candidate for leadership. It reminds me of something the government said in the 9th Circuit in HLP v. Holder &#8212; that the aim of these broadly-worded sanctions regimes, capable of criminalizing speech, is to make groups the U.S. government disfavors so &#8216;radioactive&#8217; that American citizens won’t even want to go near them. That’s not democracy – either here or in Yemen.”</p>
<p>See on the White House website: <a href="http://www.whitehouse.gov/the-press-office/2012/05/16/executive-order-blocking-property-persons-threatening-peace-security-or-">&#8220;Executive Order &#8212; Blocking Property of Persons Threatening the Peace, Security, or Stability of Yemen.&#8221; </a></p>
<p>Background: Obama urged the Yemeni dictator Saheh to keep the journalist Abdulelah Haider Shaye in prison. This was apparently because Shaye was exposing that U.S. strikes were killing civilians. See <a href="http://www.thenation.com/article/166757/why-president-obama-keeping-journalist-prison-yemen">&#8220;Why Is President Obama Keeping a Journalist in Prison in Yemen?&#8221;</a> by Jeremy Scahill.</p>
<p>Marcy Wheeler today notes that the new executive order could be used to target Scahill: <a href="http://www.emptywheel.net/2012/05/16/the-jeremy-scahill-yemen-executive-order">&#8220;The Jeremy Scahill Yemen Executive Order&#8221; </a></p>
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		<title>Palestinian Hunger Strikers: &#8220;Fighting Ingrained Duplicity&#8221;</title>
		<link>http://www.accuracy.org/release/palestinian-hunger-strikers-fighting-ingrained-duplicity/</link>
		<comments>http://www.accuracy.org/release/palestinian-hunger-strikers-fighting-ingrained-duplicity/#comments</comments>
		<pubDate>Tue, 15 May 2012 17:49:06 +0000</pubDate>
		<dc:creator>journalist</dc:creator>
				<category><![CDATA[Bilal Diab]]></category>
		<category><![CDATA[Nakba]]></category>
		<category><![CDATA[Palestinian Hunger Strike]]></category>
		<category><![CDATA[Palestinian Prisoners]]></category>
		<category><![CDATA[Thaer Halahleh]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28356</guid>
		<description><![CDATA[<img class="alignright" title="Palestinian Hunger Strikers" src="http://resources0.news.com.au/images/2012/05/15/1226356/664040-120516-palestinians.jpg" alt="" width="220" height="123.87" /> Reuters is reporting: "Standing up to Israel through non-violent resistance can produce encouraging results, Palestinians said on Tuesday, after a prisoner hunger strike produced some Israeli concessions.

"The deal under which some 1,600 Palestinian prisoners agreed on Monday to end a month-long fast against Israel's prison policy was struck on the eve of Nakba (catastrophe) Day..."]]></description>
			<content:encoded><![CDATA[<p><img class="alignright" title="Palestinian Hunger Strikers" src="http://resources0.news.com.au/images/2012/05/15/1226356/664040-120516-palestinians.jpg" alt="" width="320" height="180.18" /> Reuters is reporting: &#8220;Standing up to Israel through non-violent resistance can produce encouraging results, Palestinians said on Tuesday, after a prisoner hunger strike produced some Israeli concessions.</p>
<p>&#8220;The deal under which some 1,600 Palestinian prisoners agreed on Monday to end a month-long fast against Israel&#8217;s prison policy was struck on the eve of Nakba (catastrophe) Day&#8230;&#8221;</p>
<p>ALLAM JARRAR, via Ryme Katkhouda, rymepmc at gmail.com; Kinda Mohamadieh, kinda.mohamadieh at annd.org<br />
Jarrar is with the <a href="http://www.pngo.net">Palestinian NGO Network</a>. He is in Washington, D.C. with a delegation of the <a href="http://www.annd.org">Arab NGO Network for Development</a>, which also includes representatives from Egypt, Iraq, Lebanon, Tunisia, Yemen and other Arab countries. The delegation just released a paper, <a href="http://husseini.posterous.com/arab-ngo-network-for-development-statement-on">&#8220;Overview and Suggestions for Improving Key Areas in U.S. Foreign Policy Towards the Arab Region.&#8221;</a> Point one is &#8220;The centrality of recognizing the Palestinian rights to democratic and development processes.&#8221;</p>
<p>NOURA ERAKAT, nourae at mac.com; RICHARD FALK, rfalk at princeton.edu<br />
Erakat is an adjunct professor of international human rights law in the Middle East at Georgetown University and the U.S.-based legal advocacy consultant for the <a href="http://www.badil.org">Badil Center for Palestinian Refugee and Residency Rights</a>. She is also a contributing editor to <a href=" http://www.jadaliyya.com/pages/contributors/436">Jadaliyya.com</a>.</p>
<p>Available for a limited number of interviews, Falk is professor of international law emeritus, Princeton University and Special Rapporteur on Occupied Palestinian Territories for the United Nations Human Rights Council.</p>
<p>Erakat said today: &#8220;It is empowering that on the day of the 64th commemoration of the Nakba, or the day that marks the initial displacement and dispossession of Palestinians, that Thaer Halahleh and Bilal Diab will be ending their hunger strike in exchange for their freedom. As a result of an Egyptian-brokered deal between Israelis and Palestinians, all the hunger strikers will end their strike upon Israel&#8217;s vow to not renew their arbitrary detention without charge or trial upon its expiration. This marks a significant milestone in the struggle against colonial violence in Palestine. It does not however, signal an end to the struggle as demonstrated by the case of Hana al-Shalabi who spent two years in administrative detention before obtaining her release as part of the Hamas-brokered prisoner exchange only to be re-arreseted two months later. A definitive end to these punitive and racist practices necessitates the political will of international governments and agencies who have the ability to exert the requisite pressure upon Israel to comply with international law and human rights norms.&#8221;</p>
<p>Falk and Erakat recently wrote the piece <a href="http://www.jadaliyya.com/pages/index/5474/palestinian-hunger-strikers_fighting-ingrained-dup">&#8220;Palestinian Hunger Strikers: Fighting Ingrained Duplicity,&#8221;</a> which states: &#8220;On his seventy-third day of hunger strike, Thaer Halahleh was vomiting blood, bleeding from his lips and gums, while his body weighs in at 121 pounds—a fraction of its pre-hunger strike size. The thirty-three-year-old Palestinian follows the still-palpable footsteps of Adnan Khader and Hana Shalabi whose hunger strikes resulted in release. He also stands alongside Bilal Diab who is also entering his seventy-third day of visceral protest. Together, they inspired nearly 2,500 Palestinian political prisoners to go on hunger strike in protest of Israel&#8217;s policy of indefinite detention without charge or trial.</p>
<p>&#8220;Administrative detention has constituted a core of Israel&#8217;s 1,500 occupation laws that apply to Palestinians only, and which are not subject to any type of civilian or public review. Derived from British Mandate laws, administrative detention permits Israeli Forces to arrest Palestinians for up to six months without charge or trial, and without any show of incriminating evidence. Such detention orders can be renewed indefinitely, each time for another six-month term.</p>
<p>&#8220;Ayed Dudeen is one of the longest-serving detainees in Israeli captivity. First arrested in October 2007, Israeli officials renewed his detention thirty times without charge or trial. After languishing in a prison cell for nearly four years without due process, prison authorities released him in August 2011 only to re-arrest him two weeks later. His wife Amal no longer tells their six children that their father is coming home, because, in her words, &#8216;I do not want to give them false hope anymore, I just hope that this nightmare will go away.&#8217;&#8221;</p>
<p>See recent New York Times report: <a href="http://www.nytimes.com/2012/05/04/world/middleeast/palestinian-resistance-shifts-to-hunger-strikes.html?_r=1">&#8220;Palestinians Go Hungry to Make Their Voices Heard&#8221;</a></p>
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		<title>Standing Up to JPMorgan&#8217;s Dimon and &#8220;Hedginess&#8221;</title>
		<link>http://www.accuracy.org/release/standing-up-to-jpmorgans-dimon-and-hedginess/</link>
		<comments>http://www.accuracy.org/release/standing-up-to-jpmorgans-dimon-and-hedginess/#comments</comments>
		<pubDate>Tue, 15 May 2012 17:13:40 +0000</pubDate>
		<dc:creator>journalist</dc:creator>
				<category><![CDATA[JP Morgan]]></category>
		<category><![CDATA[JP Morgan Trading Loss]]></category>
		<category><![CDATA[JP Morgan Volcker Rule]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28344</guid>
		<description><![CDATA[<img class="alignright" title="Jamie Dimon" src="http://i.telegraph.co.uk/multimedia/archive/02217/dimon_2217386b.jpg" alt="" width="220" height="137.32" />
<a href="http://www.stephanygj.net">Stephany Griffith Jones</a> is Financial Markets Program Director at the Initiative for Policy Dialogue at Columbia University. With José Antonio Ocampo, and Joseph E. Stiglitz she co-edited "Time for a Visible Hand: Lessons from the 2008 World Financial Crisis." She said today: "Two billion dollar losses in JPMorgan give us further confirmation of the need to regulate the financial system much more, particularly increasing transparency of derivatives, forcing all derivatives on exchanges, and tightening the Volcker rule. Dilution of regulation by financial interests must be resisted strongly. More radical questions need to be asked: whether such complex financial activity, where risks are impossible to measure, and with no positive effect on the real economy, should be allowed at all?"]]></description>
			<content:encoded><![CDATA[<p><img class="alignright" title="Jamie Dimon" src="http://i.telegraph.co.uk/multimedia/archive/02217/dimon_2217386b.jpg" alt="" width="320" height="199.74" /><br />
STEPHANY GRIFFITH JONES,  sgj2108 at columbia.edu<br />
<a href="http://www.stephanygj.net">Stephany Griffith Jones</a> is Financial Markets Program Director at the Initiative for Policy Dialogue at Columbia University. With José Antonio Ocampo, and Joseph E. Stiglitz she co-edited &#8220;Time for a Visible Hand: Lessons from the 2008 World Financial Crisis.&#8221; She said today: &#8220;Two billion dollar losses in JPMorgan give us further confirmation of the need to regulate the financial system much more, particularly increasing transparency of derivatives, forcing all derivatives on exchanges, and tightening the Volcker rule. Dilution of regulation by financial interests must be resisted strongly. More radical questions need to be asked: whether such complex financial activity, where risks are impossible to measure, and with no positive effect on the real economy, should be allowed at all?&#8221;</p>
<p>WILLIAM K. BLACK, blackw at umkc.edu<br />
Available for a limited number of interviews, Black is now an associate professor of economics and law at the University of Missouri, Kansas City and the author of <em>The Best Way to Rob a Bank is to Own One</em>. He was the deputy staff director of the national commission that investigated the cause of the savings and loan debacle. He just wrote a piece for <a href=" http://edition.cnn.com/2012/05/14/opinion/black-jpmorgan-banks/index.html?hpt=hp_c3">CNN</a> which states: &#8220;Financial institutions such as JPMorgan love to buy derivatives because they are opaque, create fictional income that leads to real bonuses and when (not if) they suffer losses so large that they would cause the bank to fail, they will be bailed out. The Dodd-Frank Act&#8217;s Volcker Rule was designed to solve the problem.</p>
<p>&#8220;However, JPMorgan led the effort to gut the Volcker Rule and the provision that requires transparency. JPMorgan is the world&#8217;s largest proprietary purchaser of financial derivatives &#8212; precisely what the Volcker Rule sought to end. The bank claims that it does not engage in proprietary trading and that it purchases derivatives solely to hedge. That claim is an example of what Stephen Colbert meant when he invented the term: &#8216;truthiness.&#8217;</p>
<p>&#8220;A hedge is an investment that offsets losses in another investment. JPMorgan&#8217;s supposed hedges aren&#8217;t hedges under accounting rules because they haven&#8217;t been shown to perform as hedges. JPMorgan bought tens of billions of dollars of derivatives that increased its losses rather than reduced them. It calls these anti-hedges &#8216;hedges&#8217; &#8212; in other words, it practiced &#8216;hedginess.&#8217;&#8221;</p>
<p>On Friday, Black will be speaking at a United Nations summit on the &#8220;State of the World Economy and Finance in 2012.&#8221;</p>
<p>GERALD EPSTEIN, gepstein at econs.umass.edu<br />
Professor of economics and a founding co-director of the <a href="http://www.peri.umass.edu">Political Economy Research Institute</a> at the University of Massachusetts, Amherst, Epstein just wrote the piece &#8220;Standing Up to Jamie Dimon: Is it Safe?&#8221; which states: &#8220;How do we stand up to Jamie Dimon and the other tax payer subsidized bankers that use the privileged position of tax payer underwritten banks to engage in risky activity that harms the real economy and generates massive salaries and bonuses for the bankers (Ina Drew is reportedly in line to make $14 million this year).</p>
<p>&#8220;First, we must unmask the Republican and Democratic politicians that have actively served to eviscerate the Dodd-Frank rules on proprietary trading, derivatives and swaps regulations and other parts of the Dodd-Frank regulations, in the name of job creation and liquidity enhancement. The regulators at the Federal Reserve, Securities and Exchange Commission and others must be badgered to write and enforce rules that implement strict enforcement of the Dodd-Frank rules against proprietary trading, controls over derivatives&#8230;</p>
<p>&#8220;But such provisions will not be enough because banks will eventually find ways around them and continue to act like the world is one big casino and ponzi palace. There is increasing recognition by economists and public officials that the too big to fail banks need to be cut down to size. Senator Sherrod Brown has introduced the <a href="http://triplecrisis.com/standing-up-to-jamie-dimon-is-it-safe">SAFE</a> banking act&#8221;</p>
<p>Epstein was just interviewed by <a href="http://therealnews.com/t2/index.php?option=com_content&amp;task=view&amp;id=31&amp;Itemid=74&amp;jumival=8322">The Real News</a></p>
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		<item>
		<title>Majority Favors Cutting Military Budget</title>
		<link>http://www.accuracy.org/release/majority-favors-cutting-military-budget/</link>
		<comments>http://www.accuracy.org/release/majority-favors-cutting-military-budget/#comments</comments>
		<pubDate>Tue, 15 May 2012 14:16:16 +0000</pubDate>
		<dc:creator>journalist</dc:creator>
				<category><![CDATA[Defense Spending Cuts]]></category>
		<category><![CDATA[Defense Spending Poll]]></category>
		<category><![CDATA[Discretionary Spending Areas]]></category>
		<category><![CDATA[Public Opinion Defense BUdget]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28282</guid>
		<description><![CDATA[<a href="http://www.accuracy.org/wp/wp-content/uploads/2012/05/discretionary-spending2.jpg"><img class="size-medium wp-image-28297 alignright" title="Discretionary Spending Areas (Billions of Dollars)" src="http://www.accuracy.org/wp/wp-content/uploads/2012/05/discretionary-spending2-300x260.jpg" alt="" width="220" height="190.67" /></a>

<span style="color: #000000;">
Kull is director of the <a href="http://www.public-consultation.org">Program for Public Consultation</a>, a joint program of the Center on Policy Attitudes and the School of Public Policy at the University of Maryland and lead author of the recently released study "Consulting the American People on National Defense Spending."</span>

<span style="color: #000000;">He said today: "Three quarters of respondents favored cutting defense as a way to reduce the deficit, including two thirds of Republicans as well as nine in ten Democrats. ...</span>

<span style="color: #000000;">"Other polls on defense spending have mostly asked simply whether respondents favor or oppose defense cuts, and generally found smaller numbers favoring cuts. This suggests that Americans generally underestimate the size of the defense budget and that when they receive balanced information about its size they are more likely to cut it to reduce the deficit. ...</span>]]></description>
			<content:encoded><![CDATA[<div id="attachment_28297" class="wp-caption alignright" style="width: 330px"><a href="http://www.accuracy.org/wp/wp-content/uploads/2012/05/discretionary-spending2.jpg"><img class="size-medium wp-image-28297 " title="Discretionary Spending Areas (Billions of Dollars)" src="http://www.accuracy.org/wp/wp-content/uploads/2012/05/discretionary-spending2-300x260.jpg" alt="" width="320" height="277.34" /></a><p class="wp-caption-text">Discretionary Spending Areas (Billions of Dollars)</p></div>
<p><span style="color: #000000;">STEVEN KULL, skull at pipa.org<br />
Kull is director of the <a href="http://www.public-consultation.org">Program for Public Consultation</a>, a joint program of the Center on Policy Attitudes and the School of Public Policy at the University of Maryland and lead author of the recently released study &#8220;Consulting the American People on National Defense Spending.&#8221;</span></p>
<p><span style="color: #000000;">He said today: &#8220;Three quarters of respondents favored cutting defense as a way to reduce the deficit, including two thirds of Republicans as well as nine in ten Democrats. &#8230;</span></p>
<p><span style="color: #000000;">&#8220;Other polls on defense spending have mostly asked simply whether respondents favor or oppose defense cuts, and generally found smaller numbers favoring cuts. This suggests that Americans generally underestimate the size of the defense budget and that when they receive balanced information about its size they are more likely to cut it to reduce the deficit. &#8230;</span></p>
<p><span style="color: #000000;">&#8220;The area cut by the greatest percentage was nuclear weapons, which respondents reduced an average of 27 percent (Republicans 18 percent, Democrats 35 percent). The area that was cut the most in dollar terms was for existing ground force capabilities which was cut an average of $36.2 billion (Republicans $23.8 billion, Democrats $44.5 billion) or 23 percent.</span></p>
<p><span style="color: #000000;">&#8220;What is striking is that it appears that the American people, unlike Congress, are able to thoughtfully recognize the validity of arguments both for and against cutting defense spending and still come to hard and even bold decisions.</span></p>
<p><span style="color: #000000;">&#8220;Eight in ten favored cutting the Obama administration&#8217;s proposed budget of $88 billion for 2013 war spending in Afghanistan. Overall, on average it was cut 40 percent or $35 billion.&#8221;</span></p>
<p><span style="color: #000000;">Note: Respondents were queried about &#8220;defense&#8221; spending, not &#8220;military&#8221; spending, which likely would have drawn even less support.</span></p>
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		<title>NATO Above the Law?</title>
		<link>http://www.accuracy.org/release/nato-above-the-law/</link>
		<comments>http://www.accuracy.org/release/nato-above-the-law/#comments</comments>
		<pubDate>Mon, 14 May 2012 17:41:38 +0000</pubDate>
		<dc:creator>journalist</dc:creator>
				<category><![CDATA[Human Rights Watch NATO Report]]></category>
		<category><![CDATA[nato]]></category>
		<category><![CDATA[NATO Air Campaign in Libya]]></category>
		<category><![CDATA[NATO Civilian Casualties]]></category>
		<category><![CDATA[Vijay Prashad]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28237</guid>
		<description><![CDATA[<img class="alignright" title="Arab Spring, Libyan Winter" src="http://2.bp.blogspot.com/--LduegZLdz0/T44CdzUe9jI/AAAAAAAAQXY/KgsyBypGyKg/s1600/arab%2Bspring.jpg" alt="" width="88" height="140.23" />Human Rights Watch today released a report <a href="http://www.commondreams.org/headline/2012/05/14-0">"Unacknowledged Deaths: Civilian Casualties in NATO’s Air Campaign in Libya"</a>. NATO will be holding its summit in Chicago beginning May 20.

VIJAY PRASHAD, Author of <em>Arab Spring, Libyan Winter</em> and <em>The Darker Nations: A People's History of the Third World</em>, Prashad is chair of South Asian history and director of  international studies at Trinity College, in Hartford, Connecticut.

He said today: "A United Nations report released in early March 2012 asked for an investigation of NATO's potential war crimes, but was snubbed by the military alliance, whose lawyer, Peter Olsen, wrote in February of this year to the UN Commission that, 'in the event the Commission elects to include a discussion of NATO actions in Libya, its report clearly states that NATO did not deliberately target civilians and did not commit war crimes in Libya.'"]]></description>
			<content:encoded><![CDATA[<p><img class="alignright" title="Arab Spring, Libyan Winter" src="http://2.bp.blogspot.com/--LduegZLdz0/T44CdzUe9jI/AAAAAAAAQXY/KgsyBypGyKg/s1600/arab%2Bspring.jpg" alt="" width="216" height="324" />Human Rights Watch today released a report <a href="http://www.commondreams.org/headline/2012/05/14-0">&#8220;Unacknowledged Deaths: Civilian Casualties in NATO’s Air Campaign in Libya&#8221;</a>. NATO will be holding its summit in Chicago beginning May 20.</p>
<p>VIJAY PRASHAD, vijay.prashad at trincoll.edu<br />
Author of <em>Arab Spring, Libyan Winter</em> and <em>The Darker Nations: A People&#8217;s History of the Third World</em>, Prashad is chair of South Asian history and director of  international studies at Trinity College, in Hartford, Connecticut.</p>
<p>He said today: &#8220;A United Nations report released in early March 2012 asked for an investigation of NATO&#8217;s potential war crimes, but was snubbed by the military alliance, whose lawyer, Peter Olsen, wrote in February of this year to the UN Commission that, &#8216;in the event the Commission elects to include a discussion of NATO actions in Libya, its report clearly states that NATO did not deliberately target civilians and did not commit war crimes in Libya.&#8217; In other words, it is impossible for NATO to commit war crimes. NATO, unlike the Libyans, is too civilized to be guilty of any such violations. It is, therefore, above investigation. The scandal here is that NATO, a military alliance, refuses any civilian oversight of its actions. It operated under a UN mandate (Security Council Resolution 1973) and yet refuses to allow a UN evaluation of its actions. NATO, in other words, operates as a rogue military entity, outside the bounds of the prejudices of democratic society. It is precisely because NATO refuses an evaluation that the UN Security Council will not allow another NATO-like military intervention. The new HRW report reinforces what was raised in the UN report from March. It simply underlines the necessity of a formal and independent evaluation of NATO&#8217;s actions in Libya.&#8221;</p>
<p>On May 18, Prashad will be speaking at the the <a href="http://www.natofreefuture.org/2012/01/conference-info">NATO Counter-Summit</a></p>
<p>See Prashad&#8217;s pieces:</p>
<p><a href="http://www.counterpunch.org/2012/03/15/natos-craven-coverup-of-it-libyan-bombing">&#8220;NATO’S Craven Coverup of Its Libyan Bombing&#8221;</a></p>
<p><a href="http://www.atimes.com/atimes/Middle_East/ND03Ak01.html">&#8220;Straining NATO on Short Syrian Leash&#8221;</a></p>
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		<title>Mommy Wars or Moms Against War: Bread and Butter and the Radical History of Mother’s Day</title>
		<link>http://www.accuracy.org/release/mommy-wars-or-moms-against-war-bread-and-butter-and-the-radical-history-of-mother%e2%80%99s-day/</link>
		<comments>http://www.accuracy.org/release/mommy-wars-or-moms-against-war-bread-and-butter-and-the-radical-history-of-mother%e2%80%99s-day/#comments</comments>
		<pubDate>Fri, 11 May 2012 20:49:00 +0000</pubDate>
		<dc:creator>sam</dc:creator>
				<category><![CDATA[History of Mothers Day]]></category>
		<category><![CDATA[Mothers Day]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28204</guid>
		<description><![CDATA[<a href="http://www.ellenbravo.com">Bravo</a> is director of Family Values @ Work Consortium, a network of state coalitions working for paid sick days and paid family leave. She just wrote the piece "<a href="http://www.huffingtonpost.com/ellen-bravo/the-gifts-mothers-really-_b_1506416.html">The Gifts Mothers Really Want</a>," which states: "My favorite Mother's day gifts from my sons were their original stories, songs and poems. But what I needed when they were infants and toddlers was something children can't deliver: affordable time off when they were born and when they were sick.]]></description>
			<content:encoded><![CDATA[<p>ELLEN BRAVO, bravo at uwm.edu<br />
<a href="http://www.ellenbravo.com">Bravo</a> is director of Family Values @ Work Consortium, a network of state coalitions working for paid sick days and paid family leave. She just wrote the piece &#8220;<a href="http://www.huffingtonpost.com/ellen-bravo/the-gifts-mothers-really-_b_1506416.html">The Gifts Mothers Really Want</a>,&#8221; which states: &#8220;My favorite Mother&#8217;s day gifts from my sons were their original stories, songs and poems. But what I needed when they were infants and toddlers was something children can&#8217;t deliver: affordable time off when they were born and when they were sick.</p>
<p>&#8220;So for all those candidates and elected officials interested in the women&#8217;s vote and eager to prove their support for motherhood and families, here&#8217;s a sampling of what mothers want and need, not just one day a year but every day:</p>
<p>&#8220;The right to care for a sick child or personal illness without losing our paychecks or our jobs. Moms need leaders to actively support the right for workers to earn paid sick days and champion local, state and federal policies that would guarantee this protection. Make sure no one has to choose between being a good parent and being a good employee &#8212; and that no one has to serve you flu with your soup. &#8230;&#8221;</p>
<p>TERRY O&#8217;NEILL, via Latoya Veal, press at now.org<br />
O&#8217;Neill is president of the <a href="http://www.now.org">National Organization for Women</a> Foundation. The group today released the report &#8220;<a href="http://now.org/press/05-12/05-11.html">Breaking the Social Security Glass Ceiling: A Proposal to Modernize Women’s Benefits</a>&#8221; with the National Committee to Preserve Social Security and Medicare Foundation and the Institute for Women&#8217;s Policy Research. She said today: &#8220;If implemented, the recommendations we make in &#8216;Breaking the Social Security Glass Ceiling&#8217; will go a long way toward creating a retirement and disability insurance program that recognizes the new reality of working women and men, and values women&#8217;s role in society as both breadwinners and primary caregivers. Crediting women&#8217;s years out of the paid labor force is a long overdue feature that NOW strongly supports and urges lawmakers to support as well.&#8221;</p>
<p>LAURA KACERE, laura.kacere at gmail.com<br />
Kacere is a feminist activist working with Occupy D.C. who recently wrote the piece &#8220;<a href="http://codepink.org/blog/2012/05/the-radical-history-of-mother%E2%80%99s-day">The Radical History of Mother’s Day</a>,&#8221; which states: &#8220;There’s a good number of us who question holidays like Mother’s Day in which you spend more time feeding money into a system that exploits our love for our mothers than actually celebrating them. It’s not unlike any other holiday in America in that its complete commercialization has stripped away so much of its genuine meaning, as well its history. Mother’s Day is unique in its completely radical and feminist history, as much as it has been forgotten.</p>
<p>&#8220;Mother’s Day began in America in 1870 when Julia Ward Howe wrote the Mother’s Day Proclamation. Written in response to the American Civil War and the Franco-Prussian War, her proclamation called on women to use their position as mothers to influence society in fighting for an end to all wars. She called for women to stand up against the unjust violence of war through their roles as wife and mother, to protest the futility of their sons killing other mothers’ sons.&#8221;</p>
<p>Howe wrote:</p>
<p>&#8220;Arise, then, women of this day! Arise, all women who have hearts, Whether our baptism be of water or of tears!</p>
<p>&#8220;Say firmly: &#8216;We will not have great questions decided by irrelevant agencies, our husbands will not come to us, reeking with carnage, for caresses and applause. Our sons shall not be taken from us to unlearn all that we have been able to teach them of charity, mercy and patience. We, the women of one country, will be too tender of those of another country to allow our sons to be trained to injure theirs.&#8217;</p>
<p>&#8220;From the bosom of the devastated Earth a voice goes up with our own. It says: &#8216;Disarm! Disarm! The sword of murder is not the balance of justice.&#8217; Blood does not wipe out dishonor, nor violence indicate possession.</p>
<p>&#8220;In the name of womanhood and humanity, I earnestly ask that a general congress of women without limit of nationality may be appointed …to promote the alliance of the different nationalities, the amicable settlement of international questions, the great and general interests of peace.&#8221;</p>
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		<title>JPMorgan &#8220;Shock Disclosure&#8221; a &#8220;Wake-Up Call We Dare Not Ignore&#8221;</title>
		<link>http://www.accuracy.org/release/jpmorgan-shock-disclosure-a-wake-up-call-we-dare-not-ignore/</link>
		<comments>http://www.accuracy.org/release/jpmorgan-shock-disclosure-a-wake-up-call-we-dare-not-ignore/#comments</comments>
		<pubDate>Fri, 11 May 2012 17:11:20 +0000</pubDate>
		<dc:creator>sam</dc:creator>
				<category><![CDATA[JP Morgan]]></category>
		<category><![CDATA[JP Morgan Speculating]]></category>
		<category><![CDATA[JP Morgan Stocks Fall]]></category>
		<category><![CDATA[JP Morgan Trading Loss]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28202</guid>
		<description><![CDATA[<img alt="" src="http://www.utexas.edu/utpress/largeimage/0292706383.jpg" title="William Black Book" class="alignright" width="140" height="223.125" />The <a href="http://www.ft.com/intl/cms/s/0/828376bc-9ae4-11e1-94d7-00144feabdc0.html#axzz1uZcfWAK4">Financial Times</a> reports today: "JPMorgan Chase announced a surprise $2 billion trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on 'errors, sloppiness and bad judgement' and warned 'could get worse.'
]]></description>
			<content:encoded><![CDATA[<p><img alt="" src="http://www.utexas.edu/utpress/largeimage/0292706383.jpg" title="William Black Book" class="alignright" width="216" height="324" />The <a href="http://www.ft.com/intl/cms/s/0/828376bc-9ae4-11e1-94d7-00144feabdc0.html#axzz1uZcfWAK4">Financial Times</a> reports today: &#8220;JPMorgan Chase announced a surprise $2 billion trading loss on credit derivatives trading, which chief executive Jamie Dimon blamed on &#8216;errors, sloppiness and bad judgement&#8217; and warned &#8216;could get worse.&#8217;</p>
<p>&#8220;The shock disclosure, made after the market closed on Thursday in a regulatory filing, prompted renewed calls for tougher regulation. Investors reacted by sending the bank’s shares down by more than 9 percent when Wall Street opened on Friday. Other U.S. banking stocks also suffered sharp falls.&#8221; </p>
<p>STEPHANY GRIFFITH JONES, sgj2108 at columbia.edu<br />
   <a href="http://www.stephanygj.net">Stephany Griffith-Jones</a> is Financial Markets Program Director at the Initiative for Policy Dialogue at Columbia University.</p>
<p>WILLIAM K. BLACK, blackw at umkc.edu<br />
   Available for a limited number of interviews, Black is now an associate professor of economics and law at the University of Missouri, Kansas City and the author of &#8220;The Best Way to Rob a Bank is to Own One.&#8221; He was the deputy staff director of the national commission that investigated the cause of the savings and loan debacle. He said today: &#8220;JPMorgan has announced that it has suffered large losses, and remains exposed to far greater losses, because purported &#8216;economic hedges&#8217; did not perform as &#8216;expected&#8217; because they were poorly designed. These purported hedges are not real. JPMorgan was speculating wildly and its panicky releases reveal that it is afraid that the positions it took exposed it to grave risks. The experience demonstrates the importance of the Volcker rule, the largest banks’ efforts to gut and evade the rule, and the continuing refusal of bank regulators to say &#8216;no&#8217; to practices of the systemically dangerous institutions or SDIs (the roughly 20 &#8216;too big to fail&#8217; banks) that are unsafe and unsound. As long as we permit the SDIs to remain so large that regulators fear that their failure will produce a global crisis we are rolling the dice 20 times a day wondering when (not &#8216;if&#8217;) the next SDI failure will occur and blow up the economy. JPMorgan&#8217;s losses on its faux hedges are the wake-up call we dare not ignore.&#8221;</p>
<p>   Also see: &#8220;<a href="http://www.accuracy.org/release/jobs-act-a-recipe-for-fraud-creating-a-race-to-the-bottom">&#8216;JOBS Act&#8217; a &#8216;Recipe for Fraud&#8217; Creating a &#8216;Race to the Bottom&#8217;</a>.&#8221; </p>
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		<title>U.S. Hosts Bahraini Prince as Monarchy Vows Harsher Crackdown</title>
		<link>http://www.accuracy.org/release/u-s-hosts-bahraini-prince-as-monarchy-vows-harsher-crackdown/</link>
		<comments>http://www.accuracy.org/release/u-s-hosts-bahraini-prince-as-monarchy-vows-harsher-crackdown/#comments</comments>
		<pubDate>Thu, 10 May 2012 21:22:45 +0000</pubDate>
		<dc:creator>sam</dc:creator>
				<category><![CDATA[Bahrain Uprising]]></category>
		<category><![CDATA[Bahrain-US Relations]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28194</guid>
		<description><![CDATA[<img class="alignright" title="Clinton with prince of Bahrain" src="http://www.google.com/hostednews/afp/media/ALeqM5jxM370VtcovFwloXnvYca4CKxjnQ?docId=photo_1336602773252-1-0&#38;size=l" alt="" width="220" height="156.41" /> The Obama administration is hosting Bahraini Crown Prince Salman bin Hamad al-Khalifa in Washington just as the Bahraini regime is vowing a harsher crackdown on anti-government protesters. Democracy Now reported this morning, "Appearing with al-Khalifa at the State Department, Secretary of State Hillary Clinton failed to directly mention the repression of protests, referring only to Bahrain’s 'internal issues.'"]]></description>
			<content:encoded><![CDATA[<p><img class="alignright" title="Clinton with prince of Bahrain" src="http://www.google.com/hostednews/afp/media/ALeqM5jxM370VtcovFwloXnvYca4CKxjnQ?docId=photo_1336602773252-1-0&amp;size=l" alt="" width="256" height="182" /> The Obama administration is hosting Bahraini Crown Prince Salman bin Hamad al-Khalifa in Washington just as the Bahraini regime is vowing a harsher crackdown on anti-government protesters. Democracy Now reported this morning, &#8220;Appearing with al-Khalifa at the State Department, Secretary of State Hillary Clinton failed to directly mention the repression of protests, referring only to Bahrain’s &#8216;internal issues.&#8217;&#8221;</p>
<p>Secretary Clinton stated: &#8220;Bahrain is a valued ally of the United States. We partner on many important issues of mutual concern to each of our nations and to the regional and global concerns as well. I’m looking forward to a chance to talk over with His Royal Highness a number of the issues both internally and externally that Bahrain is dealing with and have some better understanding of the ongoing efforts that the government of Bahrain is undertaking. So again, His Royal Highness, welcome to the United States.&#8221; See <a href="http://www.democracynow.org/2012/5/10/headlines#5103">video</a></p>
<p>Clinton’s comments came one day after the Bahraini government vowed to escalate its crackdown on anti-government demonstrators. Speaking to Reuters, a Bahraini government spokesman said: &#8220;We are looking into the perpetrators and people who use print, broadcast and social media to encourage illegal protest and violence around the country. If applying the law means tougher action, then so be it.&#8221; The warning came days after the arrest of the prominent Bahraini human rights activist Nabeel Rajab, who has been featured on IPA news releases. In a statement, Amnesty International declared Rajab a &#8220;prisoner of conscience&#8221; and called for his immediate release. Another prominent activist, Abdulhadi Alkhawaja, has been on a hunger strike for three months protesting his life imprisonment.</p>
<p>NADA ALWADI, alwadi.nada at gmail.com, <a href="https://twitter.com/#!/bentalwadi">@bentalwadi</a><br />
Alwadi is a Bahrani journalist based in D.C.</p>
<p>Note: Alwadi is being joined next week in Washington, D.C. by representatives of the Arab NGO Network for Development, including nonprofits and civil society groups from Egypt, Iraq, Lebanon, Tunisia, Yemen and other Arab countries. For more information including arranging interviews, contact Ryme Katkhouda, rymepmc at gmail.com.</p>
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		<title>French and Greek Elections: End of &#8220;Pain-Is-Good&#8221; Politics?</title>
		<link>http://www.accuracy.org/release/french-and-greek-elections-end-of-pain-is-good-politics/</link>
		<comments>http://www.accuracy.org/release/french-and-greek-elections-end-of-pain-is-good-politics/#comments</comments>
		<pubDate>Tue, 08 May 2012 03:08:53 +0000</pubDate>
		<dc:creator>journalist</dc:creator>
				<category><![CDATA[EU Austerity Policies]]></category>
		<category><![CDATA[French Elections]]></category>
		<category><![CDATA[Greek Elections]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28172</guid>
		<description><![CDATA[<img class="alignright" title="French Elections" src="http://i.huffpost.com/gen/374768/thumbs/r-FRENCH-ELECTIONS-2012-SEGOLENE-ROYAL-large570.jpg" alt="" width="220" height="91.68" />

ETHAN YOUNG ethanyoung at earthlink.net 
Content manager for Economy Watch, a blog sponsored by the <a href="http://brechtforum.or /economywatch">Brecht Forum</a>, Young said today: "The defeat of Nicolas Sarkozy marks the end of 'pain-is-good' politics in France. The new Socialist president Francois Hollande is center-left to Sarkozy's center-right, and shares Sarkozy's commitment to the European Union. Unlike Sarkozy, Hollande campaigned to curtail the EU austerity policies of German Chancellor Angela Merkel, and is not identified with demonizing immigrants, Muslims and other supposedly non-French' French. Hollande is still challenged by the strong showing of the anti-immigrant, far right National Front in the first election round."]]></description>
			<content:encoded><![CDATA[<p><img class="alignright" title="French Elections" src="http://i.huffpost.com/gen/374768/thumbs/r-FRENCH-ELECTIONS-2012-SEGOLENE-ROYAL-large570.jpg" alt="" width="320" height="133.33" /></p>
<p>ETHAN YOUNG ethanyoung at earthlink.net<br />
Content manager for Economy Watch, a blog sponsored by the <a href="http://brechtforum.or /economywatch">Brecht Forum</a>, Young said today: &#8220;The defeat of Nicolas Sarkozy marks the end of &#8216;pain-is-good&#8217; politics in France. The new Socialist president Francois Hollande is center-left to Sarkozy&#8217;s center-right, and shares Sarkozy&#8217;s commitment to the European Union. Unlike Sarkozy, Hollande campaigned to curtail the EU austerity policies of German Chancellor Angela Merkel, and is not identified with demonizing immigrants, Muslims and other supposedly non-French&#8217; French. Hollande is still challenged by the strong showing of the anti-immigrant, far right National Front in the first election round.&#8221;</p>
<p>COSTAS PANAYOTAKIS, [in NYC] cpanayotakis at gmail.com<br />
Panayotakis is associate professor of sociology at the New York City College of Technology at CUNY and author of the new book “Remaking Scarcity: From Capitalist Inefficiency to Economic Democracy.” He said today: &#8220;After two years Greek citizens have finally had their chance to express their views on the austerity program that has drastically increased unemployment and poverty, while plunging the Greek economy into a deep depression. The result of the election has been an unambiguous repudiation of this program, as the two parties supporting it, the Socialists and the Conservatives, have seen their support collapse. The two parties that used to get 80 percent of the vote have together received less than a third of the popular vote. Meanwhile, the support for the left has increased, especially for the Coalition of the Radical Left &#8212; SYRIZA &#8212; which advocates the formation of a government that would unite all the forces of the political left and which would repudiate the austerity program imposed by the International Monetary Fund and the European Union. All in all, the Greek election result exemplifies the more general change in the balance of forces within the European continent, a change also reflected in Nicolas Sarkozy’s failure to be reelected to the French presidency. On a more sober note, the Greek election result also confirmed the rise of the extreme right in Europe, as the neo-Nazi Golden Dawn Party will, after having received 7 percent of the vote, enter for the<br />
first time the Greek parliament.&#8221;</p>
<p>See Panayotakis&#8217; pieces:</p>
<p>&#8220;<a href="http://www.indypendent.org/2011/12/19/eurozone-fiasco">The Eurozone Fiasco</a>&#8221;</p>
<p>&#8220;<a href="http://www.nytexaminer.com/2012/04/on-the-keynesian-neoliberalism-of-the-new-york-times">On the ‘Keynesian Neoliberalism’ of the New York Times</a>&#8221;</p>
<p><a href="http://mrzine.monthlyreview.org/2011/panayotakis171111.html">&#8220;Debunking the Greek (and European) Crisis Narrative&#8221;</a></p>
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		<title>Is Inequality Good?</title>
		<link>http://www.accuracy.org/release/is-inequality-good/</link>
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		<pubDate>Fri, 04 May 2012 22:42:50 +0000</pubDate>
		<dc:creator>journalist</dc:creator>
				<category><![CDATA[99 to 1: How Wealth Inequality is Wrecking the World and What We Can Do About It]]></category>
		<category><![CDATA[Chuck Collins]]></category>

		<guid isPermaLink="false">http://www.accuracy.org/?post_type=news-release&#038;p=28159</guid>
		<description><![CDATA[<img class="alignright" title="Chuck Collins" src="http://inequality.org/wp-content/uploads/2012/01/99to1.jpg?4c9b33" alt="" width="220" height="340.10" />A new book by one of Mitt Romney's former business partners at Bain Capital, scheduled to be the featured New York Times Magazine cover story on Sunday,argues that inequality is good.

CHUCK COLLINS, Bob Keener, bob at wealthforcommongood.org
<a href="http://99to1book.org">http://99to1book.org</a>Collins, a long-time inequality activist was certainly born into the 1%. He went to the same high school as Mitt Romney -- and is the great-grandson of Oscar Mayer. His brand new book is called, "99 to 1: How Wealth Inequality is Wrecking the World and What We Can Do About It."
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			<content:encoded><![CDATA[<p><img class="alignright" title="Chuck Collins" src="http://inequality.org/wp-content/uploads/2012/01/99to1.jpg?4c9b33" alt="" width="251" height="388" /></p>
<p>A new book by one of Mitt Romney&#8217;s former business partners at Bain Capital, scheduled to be the featured New York Times Magazine cover story on Sunday,argues that inequality is good.</p>
<p>CHUCK COLLINS, Bob Keener, bob at wealthforcommongood.org<br />
<a href="http://99to1book.org">http://99to1book.org</a><br />
Collins, a long-time inequality activist was certainly born into the 1%. He went to the same high school as Mitt Romney &#8212; and is the great-grandson of Oscar Mayer. His brand new book is called, &#8220;99 to 1: How Wealth Inequality is Wrecking the World and What We Can Do About It.&#8221;</p>
<p>Collins said today: &#8220;Inequality is destroying everything you care about. Whether you care about public health, education, civic society, sports, business &#8212; inequality is making things worse. And unless we interrupt the process, this destruction will keep increasing. We&#8217;re in an inequality death spiral, where concentration of wealth and power is enabling the wealthy and powerful to rig the rules to make themselves more wealthy and powerful &#8212; at the expense of everyone else. This is why the 1% versus 99% lens is so<br />
meaningful to people. It reflects their lived reality.&#8221;</p>
<p>Collins was recently on C-SPAN&#8217;s Washington Journal:<br />
<a href="http://www.c-spanvideo.org/program/305321-4">http://www.c-spanvideo.org/program/305321-4<br />
</a><br />
Background:<br />
<a href="http://krugman.blogs.nytimes.com/2012/05/02/rich-guy-says-we-should-be-grateful-for-his-wealth">Paul Krugman &#8220;Rich Guy Says We Should Be Grateful For His Wealth&#8221;</a></p>
<p>Dean Baker recently wrote the piece <a href="http://www.cepr.net/index.php/op-eds-&#038;-columns/op-eds-&#038;-columns/mitt-romneys-partner-in-crime-ed-conards-unintended-consequences">&#8220;Mitt Romney&#8217;s Partner in Crime: Ed Conard&#8217;s Unintended Consequences,&#8221;</a> which states: &#8220;Did Conard really miss the story of Fabrice Tourre (a.k.a. &#8216;Fabulous Fab&#8217;) the Goldman Sachs mortgage trader who put together collaterized debt obligations that were designed to fail and then hawked them off on unsuspecting clients? Does he not know about the flash traders who make fortunes by designing sophisticated programs that allow them to front-run major trades? (This means that they can detect major trades and jump in ahead, thereby capturing some of the profit.) &#8230;</p>
<p>&#8220;How much has the pharmaceutical industry profited from using its political power to get Congress to give it ever longer and stronger patent monopolies? We now spend almost $300 billion a year on prescription drugs that would cost us around $30 billion in a free market. &#8230;</p>
<p>&#8220;Conard and Romney&#8217;s own industry provides an excellent example of using political power to promote private wealth. One of the major ways that private equity companies make money is by taking advantage of the tax deductibility of interest. Private equity companies typically load the firms they buy with as much debt as possible. This is because the interest payments on debt are tax deductible and they don&#8217;t really care if the company ends up going bankrupt. They expect a substantial portion of their firms to go into bankruptcy.&#8221;</p>
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