Category Archives: Economics

Happy Birthday CIA: 7 Truly Terrible Things the Agency Has Done in 70 Years

By Carey Wedler. Published 9-18-2017 by The Anti-Media

The seal of the Central Intelligence Agency inlaid in the floor of the main lobby of the Original Headquarters Building. Photo by user:Duffman (Own work) [Public domain], via Wikimedia Commons

On Monday, President Trump tweeted birthday wishes to the Air Force and the CIA. Both became official organizations 70 years ago on September 18, 1947, with the implementation of the National Security Act of 1947.

After spending years as a wartime intelligence agency called the Office of Strategic Services, the agency was solidified as a key player in the federal government’s operations with then-President Harry Truman’s authorization. Continue reading

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‘Spitting in the Eye of Transparency,’ Govt Reveals Just 22 Mar-a-Lago Visitors

Watchdog groups promise to keep fighting Trump administration in court after it refuses to release full list of presidential visitors to so-called Winter White House

By Jessica Corbett, staff writer for Common Dreams. Published 9-15-2017

On Friday, the Trump administration released a list of visitors from President Donald Trump’s meeting with Japanese Prime Minister Shinzō Abe at the president’s Mar-a-Lago estate in Florida. (Photo: Shealah Craighead/TheWhite House)

“See you in court, Mr. President,” a watchdog group warned on Friday, after the Department of Homeland Security (DHS), under pressure from a federal lawsuit, released just two pages of Mar-a-Lago visitor records, despite earlier promises to reveal the full list of visitors to President Donald Trump’s so-called Winter White House.

After waiting months for a response to our request for comprehensive visitor logs from the president’s multiple visits to Mar-a-Lago and having the government ask for a last minute extension, today we received 22 names from the Japanese prime minister’s visit to Mar-a-Lago, and nothing else,” said Noah Bookbinder, executive director of Citizens for Responsibility and Ethics in Washington (CREW). Continue reading

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EU Watchdog Under Fire for Monsanto Analysis Copy/Pasted into Roundup Safety Report

Ahead of vote to determine whether farmers can continue using Monsanto’s popular pesticide, new Guardian report raises concerns that agency failed to fully analyze Roundup’s risks

By Jessica Corbett, staff writer for Common Dreams. Published 9-15-2017

Later this year, the European Union will vote on whether to renew the license that allows European farmers to use Monsanto’s popular weed-killer, Roundup. (Photo: Mike Mozart/Flickr/cc)

Europe’s food safety agency reportedly relied on a review that lifted language from a Monsanto report when concluding that the possible cancer-causing ingredient in the company’s popular weed-killer Roundup is safe, raising concerns that the agency failed to properly analyze the pesticide’s potential dangers.

“If regulators rely on the industry’s evaluation of the science without doing their own assessment, the decision whether pesticides are deemed safe or not is effectively in the industry’s hands,” said Greenpeace’s European Union (EU) food policy director, Franziska Achterberg, who added that this discovery “calls into question the entire EU pesticide approval process. Continue reading

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‘Most Brazen Corporate Wrongdoer Maneuvers in Memory’: Equifax Forces Potential Victims to Give Up Legal Rights

Sen. Elizabeth Warren (D-Mass.) calls data breach “Exhibit A for why we must stop GOP from reversing the CFPB’s rule protecting your right to join class actions”

By Andrea Germanos, staff writer for Common Dreams. Published 9-8-2017

“It is despicable that Equifax would exploit consumers’ need for identity theft monitoring to avoid accountability for this devastating breach,” said Amanda Werner, arbitration campaign manager at Public Citizen and Americans for Financial Reform. (Photo: GotCredit/flickr/cc)

Not only did Equifax suffer a massive data breach that potentially compromised the personal data of up to 143 million in the U.S. and then wait 6 weeks to inform the public—the credit-reporting company is directing those who want to know if they were a victim of the breach to a service that forces them into a “rip-off clause” that makes them give up their right to file or join class-action lawsuit against the company.

Robert Weissman, president of advocacy group Public Citizen, called it “one of the most brazen corporate wrongdoer maneuvers in memory.” Continue reading

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Venezuela Is About to Ditch the Dollar in Major Blow to US: Here’s Why It Matters

By Darius Shahtahmasebi. Published 9-8-2017 by The Anti-Media

Photo: YouTube

 

Venezuelan President Nicolas Maduro said Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week, Reuters reports. According to the outlet, Maduro will look to use the weakest of two official foreign exchange regimes (essentially the way Venezuela will manage its currency in relation to other currencies and the foreign exchange market), along with a basket of currencies.

According to Reuters, Maduro was referring to Venezuela’s current official exchange rate, known as DICOM, in which the dollar can be exchanged for 3,345 bolivars. At the strongest official rate, one dollar buys only 10 bolivars, which may be one of the reasons why Maduro wants to opt for some of the weaker exchange rates. Continue reading

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Inspired by Standing Rock, First Nations ‘Tiny House Warriors’ Protest Pipeline Project

“As Kinder Morgan tries to force through a pipeline without our consent—risking polluting the land and poisoning our rivers—we are rising up to create a resistance rooted in family, community, and hope.”

By Jessica Corbett, staff writer for Common Dreams. Published 9-8-2017

Greenpeace Canada helped build the first of 10 tiny houses in the path of the pipeline, which will cross through hundreds of miles of First Nations territory. (Photo: Ian Willms/Greenpeace Canada)

First Nations and allies in British Columbia, Canada, are protesting an expansion of the Kinder Morgan Trans Mountain pipeline by building 10 tiny houses in its proposed path, which runs through more than 300 miles of Secwepemcul’ecw, unceded tribal territory.

“We, the Secwepemc, have never ceded, surrendered, or given up our sovereign title and rights over the land, waters, and resources within Secwepemcul’ecw,” tribe leaders said in a statement, adding that they “have never provided and will never provide our collective consent to the Kinder Morgan Trans Mountain Pipeline Project. In fact, we hereby explicitly and irrevocably refuse its passage through our territory.” Continue reading

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Ditching Watchdog, Betsy DeVos Signals ‘Open Season to Defraud’ Student Borrowers

A week after hiring for-profit college official to oversee fraud unit, Trump’s Education Department terminates relationship with Consumer Financial Protection Bureau

By Julia Conley, staff writer for Common Dreams. Published 9-5-2017

Student debt in the U.S. has reached more than $1.3 trillion. The Department of Education recently announced it would not work with the CFPB to hel students with complaints about their student loan servicers. (Photo: Tom Woodward/Flickr/cc)

Calling the move “outrageous and deeply troubling,” consumer advocates and opponents of skyrocketing student debt spoke out Tuesday against the Trump administration’s decision to end the working relationship between the Department of Education and the government watchdog tasked with helping oversee the federal student loan program and protect borrowers.

At the direction of Congress, under the Dodd-Frank financial reform act, the Department of Education has shared information with the Consumer Financial Protection Bureau (CFPB) since 2011 in order to provide assistance to borrowers with complaints about Federal student loans. But the Department, now run by Secretary Betsy DeVos, informed the Bureau in a letter last week that it was ending the relationship. Continue reading

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In NAFTA Talks, Canada Demands US Drop Anti-Union ‘Right to Work’ Laws

Right to work laws are “a sledgehammer that dilutes worker organization and bargaining, paving the way for lower wages and a host of labor violations”

By Jake Johnson, staff writer for Common Dreams. Published 9-4-2017

“A total of 28 states, including three this year, have passed right-to-work legislation,” writes Christine Owens, executive director of the National Employment Law Project. (Photo: Together We Will SJ‏/Twitter)

Canada has demanded that the United States eliminate anti-union “right-to-work” laws as part of ongoing NAFTA negotiations, the Canadian Globe and Mail reported.

One group of negotiators spent all day Sunday working on the labor file,” The Globe and Mail noted. “One source familiar with the discussions said Canada wants the United States to pass a federal law stopping state governments from enacting right-to-work legislation; the source said the United States has not agreed to such a request.”

In addition, Canadian negotiators are reportedly pressuring both the United States and Mexico “to offer a year of paid family leave, as Canada does.” Continue reading

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As Tech Giants Threaten Democracy, Calls Grow for New Anti-Monopoly Movement

“It is time for citizens in America and all over the world to stand up to the bullies in our society, the monopolists.”

By Jake Johnson, staff writer for Common Dreams. Published 9-1-2017

“Americans are fed up with monopolies rigging our economy and politics,” said Rep. John Conyers (D-Mich.). (Photo: takomabibelot/Flickr/cc)

A major Washington-based think tank’s decision to fire a prominent Google critic earlier this week brought to the surface the massive and “disturbing” influence large tech companies have on political debate in the U.S., leading many analysts and lawmakers to call for the creation of an anti-monopoly movement to take on the threat consolidated corporate power poses to the democratic process.

As Brian Fund and Hamza Shaban note in an analysis for the Washington Post, “funding of think tanks is just one way Silicon Valley is expanding its influence in Washington.” Tech giants like Google, Amazon, Facebook, and Apple are also “regularly setting records in their spending on lobbying and are pushing as many as 100 issues—or more—every year.” Continue reading

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Trump Warned: ‘If You End DACA, We Will Make Your Life Impossible’

“The end of DACA would rip apart families, instill fear in communities, make our nation less safe, and hurt our economy.”

By Jessica Corbett, staff writer for Common Dreams. Published 8-31-2017

Photo: United We Dream/Twitter

Following reports that President Donald Trump would end the Deferred Action for Childhood Arrivals (DACA) as early as Friday, immigrant rights activists and supporters of the program reacted with immediate outrage and promises to oppose the president if he makes such a move.

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