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Gusher
Published: Wednesday, Jul. 28, 2010
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07/30/2010
The history of the company we now call BP over the last hundred years has really traced the arc of global transnational capitalism. The Anglo-Persian Oil Company, guaranteed itself, or won the right to own, all of Iran’s oil.
So, nobody in Iran had any right to drill for oil or extract oil or sell oil.
Then, soon after that find was made, the British government decided to buy the company. So the Parliament passed a law and bought 51 percent of that company. And all during the 1920s and 1930s and 1940s, the entire standard of living that people in England enjoyed was supported by oil from Iran. So that became a fundamental foundation of British life.
And then, after World War II, when the winds of nationalism and anti-colonialism were blowing throughout the developing world, Iranians developed this idea: we’ve got to take our oil back. It was Mosaddegh's desire, supported by a unanimous vote of the democratically elected parliament of Iran, to nationalize what was then the Anglo-Iranian Oil Company. They carried out the nationalization.
The British and their partners in the United States fiercely resisted this. And when they were unable to prevent it from happening, they organized the overthrow of Mosaddegh in 1953. So that overthrow not only produced the end of the Mosaddegh government, but the end of democracy in Iran, and that set off all these other following consequences.
Ted Rudow III,MA
Read more: http://www.sacbee.com/2010/07/28/2918756/gusher.html#Comments_Container#ixzz0vI68mZOQ
Saturday, July 31, 2010
Friday, July 30, 2010
Stealing $10 billion
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Stealing $10 billion
July 30, 2010, 02:52 AM Letter
Editor,
Goldman Sachs has agreed to pay $550 million to resolve a civil fraud lawsuit over selling a mortgage investment that was established to fail. The penalty is only one-twentieth of the $10 billion in bonuses the firm handed out last year. If you’re a con man and you defraud somebody out of maybe $50,000, you’re going to jail. I mean it’s not like you’re going to have to pay the money back and you can walk on your merry way. That’s not the way it works. But on Wall Street, if you commit a massive crime, such as stealing a billion dollars, you get to walk away from it. They began stealing things that belonged to others so they themselves could have more. But there will be no escape for them as there will be no place to go and nowhere to hide. They can’t stop the world and get off as they wish they could.
Ted Rudow III,MA
Menlo Park
July
30
2010
San Mateo Daily Journal
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Stealing $10 billion
July 30, 2010, 02:52 AM Letter
Editor,
Goldman Sachs has agreed to pay $550 million to resolve a civil fraud lawsuit over selling a mortgage investment that was established to fail. The penalty is only one-twentieth of the $10 billion in bonuses the firm handed out last year. If you’re a con man and you defraud somebody out of maybe $50,000, you’re going to jail. I mean it’s not like you’re going to have to pay the money back and you can walk on your merry way. That’s not the way it works. But on Wall Street, if you commit a massive crime, such as stealing a billion dollars, you get to walk away from it. They began stealing things that belonged to others so they themselves could have more. But there will be no escape for them as there will be no place to go and nowhere to hide. They can’t stop the world and get off as they wish they could.
Ted Rudow III,MA
Menlo Park
Thursday, July 29, 2010
BP
http://www.indybay.org/newsitems/2010/07/29/18654924.php
The history of the company we now call BP over the last hundred yearsby Ted Rudow III,MA ( Tedr77 [at] aol.com )
Thursday Jul 29th, 2010
The history of the company we now call BP over the last hundred years has really traced the arc of global transnational capitalism. The Anglo-Persian Oil Company, guaranteed itself, or won the right to own, all of Iran’s oil.
So, nobody in Iran had any right to drill for oil or extract oil or sell oil.
Then, soon after that find was made, the British government decided to buy the company. So the Parliament passed a law and bought 51 percent of that company. And all during the 1920s and 1930s and 1940s, the entire standard of living that people in England enjoyed was supported by oil from Iran. So that became a fundamental foundation of British life.
And then, after World War II, when the winds of nationalism and anti-colonialism were blowing throughout the developing world, Iranians developed this idea: we’ve got to take our oil back. It was Mosaddegh's desire, supported by a unanimous vote of the democratically elected parliament of Iran, to nationalize what was then the Anglo-Iranian Oil Company. They carried out the nationalization.
The British and their partners in the United States fiercely resisted this. And when they were unable to prevent it from happening, they organized the overthrow of Mosaddegh in 1953. So that overthrow not only produced the end of the Mosaddegh government, but the end of democracy in Iran, and that set off all these other following consequences.
Ted Rudow III,MA
The history of the company we now call BP over the last hundred yearsby Ted Rudow III,MA ( Tedr77 [at] aol.com )
Thursday Jul 29th, 2010
The history of the company we now call BP over the last hundred years has really traced the arc of global transnational capitalism. The Anglo-Persian Oil Company, guaranteed itself, or won the right to own, all of Iran’s oil.
So, nobody in Iran had any right to drill for oil or extract oil or sell oil.
Then, soon after that find was made, the British government decided to buy the company. So the Parliament passed a law and bought 51 percent of that company. And all during the 1920s and 1930s and 1940s, the entire standard of living that people in England enjoyed was supported by oil from Iran. So that became a fundamental foundation of British life.
And then, after World War II, when the winds of nationalism and anti-colonialism were blowing throughout the developing world, Iranians developed this idea: we’ve got to take our oil back. It was Mosaddegh's desire, supported by a unanimous vote of the democratically elected parliament of Iran, to nationalize what was then the Anglo-Iranian Oil Company. They carried out the nationalization.
The British and their partners in the United States fiercely resisted this. And when they were unable to prevent it from happening, they organized the overthrow of Mosaddegh in 1953. So that overthrow not only produced the end of the Mosaddegh government, but the end of democracy in Iran, and that set off all these other following consequences.
Ted Rudow III,MA
Wednesday, July 28, 2010
Inflation and deflation in our economy
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Inflation and deflation in our economy
July 27, 2010, 02:37 AM Letter
Editor,
In the great economic depression of the late ’20s and ’30s, people had no economic guarantees on wages. The auto business was one of the first places where people cut their spending, because it’s a luxury to buy a new car.
It was a vicious cycle, a downward spiral that just couldn’t stop, and industry kept cutting prices to where people could afford to still buy. This was the deflation. Inflation at home mostly hurts the rich, but it mostly helps the poor, except for those who are on set incomes, like pensions. That’s why the rich are trying to bring about deflation. The very rich, however, profit from the deflation, because their dollars grow in value even though they’re doing nothing with them.
We’re on a crash course to bankruptcy again, but the government thinks it’s going to patch it all up instead of curing the disease: Which is that they’re hanging onto their riches instead of putting them into circulation. In the past, deflation and depression have frequently led to a vicious circle of nationalism, xenophobia, the disintegration of states and even war which is happening today.
Ted Rudow III,MA
Menlo Park
July
28
2010
San Mateo Daily Journal
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Inflation and deflation in our economy
July 27, 2010, 02:37 AM Letter
Editor,
In the great economic depression of the late ’20s and ’30s, people had no economic guarantees on wages. The auto business was one of the first places where people cut their spending, because it’s a luxury to buy a new car.
It was a vicious cycle, a downward spiral that just couldn’t stop, and industry kept cutting prices to where people could afford to still buy. This was the deflation. Inflation at home mostly hurts the rich, but it mostly helps the poor, except for those who are on set incomes, like pensions. That’s why the rich are trying to bring about deflation. The very rich, however, profit from the deflation, because their dollars grow in value even though they’re doing nothing with them.
We’re on a crash course to bankruptcy again, but the government thinks it’s going to patch it all up instead of curing the disease: Which is that they’re hanging onto their riches instead of putting them into circulation. In the past, deflation and depression have frequently led to a vicious circle of nationalism, xenophobia, the disintegration of states and even war which is happening today.
Ted Rudow III,MA
Menlo Park
Sunday, July 25, 2010
Role of Israel
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Published On: 2010-07-23
Letters
Role of Israel
Ted Rudow III, MA, On e-mail
For many Israelis, the very thought of non-violent Palestinian protest goes so far against the grain as to be incomprehensible, lethally suspicious, a violation of a bedrock narrative.
In many cases, Israeli media have actively ignored or obscured non-violent Palestinian protest. Last month, hundreds of Israelis and Palestinians marched together through the streets of Silwan, East Jerusalem, protesting a plan by Jerusalem mayor Nir Barkat to evict Arab residents and raze 22 houses for a settler-oriented tourism project.
At a time when use of overwhelming force has cost Israel dearly in its world standing, what will it take for Israelis to rethink the idea that what they have can only be maintained by force? A new kind of leader. A Gandhi, a Dr. King. The only way the Palestinians will ever get their independence is with the help of outsiders. The US never could have won its independence if it hadn't had the help of several other European nations, particularly France.
Saturday, July 24, 2010
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The Daily Star is pleased to provide a forum for debate on a range of subjects, from local cultural activities to international politics.
Dozens, sometimes even hundreds, of letters fall into the editor’s mailbox daily. In order to keep the letters timely, The Daily Star generally produces a special letters section. When the influx of letters is particularly large, extra space is made available accordingly.
If you would like to submit a letter for publication, please remember to include your full name (first and last) and address, including city. The Daily Star typically only publishes letters under 400 words, and these are subject to editing. The Daily Star will not acknowledge unsolicited submissions.
Read more: http://dailystar.com.lb/letters.asp?edition_id=10#ixzz0ucaELALm
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Editorial
“Much blame to go around for Gaza”
July 16, 2010
Read more: http://dailystar.com.lb/letters.asp?edition_id=10#ixzz0uca0xnPX
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
It may well be more difficult for Israelis to comprehend the idea of Palestinian non-violence than for Palestinians to do so. For many Israelis, the very thought of non-violent Palestinian protest goes so far against the grain as to be incomprehensible, lethally suspicious, a violation of a bedrock narrative.
In many cases, Israeli media have actively ignored or obscured non-violent Palestinian protest. Last month, hundreds of Israelis and Palestinians marched together through the streets of Silwan, East Jerusalem, protesting against a plan by Jerusalem mayor Nir Barkat to evict Arab residents and raze 22 houses for a settler-oriented tourism project.
At a time when use of overwhelming force has cost Israel dearly in its world standing, what will it take for Israelis to rethink the idea that what they have can only be maintained by force? A new kind of leader. A Gandhi, a Dr. King.
The only way the Palestinians will ever get their independence is with the help of outsiders. The United States never could have won its independence if it hadn’t had the help of several other European nations, particularly France.
Ted Rudow III, MA
Menlo Park, California, United States
International Herald Tribune and The Daily Star are available every morning in: Lebanon, Syria, Jordan, Egypt, Qatar, Kuwait, United Arab Emirates, Saudi Arabia, Bahrain, Oman
Read more: http://dailystar.com.lb/letters.asp?edition_id=10#ixzz0ucZu5Nmp
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
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Reader's feedback published on 24/07/2010
The Daily Star is pleased to provide a forum for debate on a range of subjects, from local cultural activities to international politics.
Dozens, sometimes even hundreds, of letters fall into the editor’s mailbox daily. In order to keep the letters timely, The Daily Star generally produces a special letters section. When the influx of letters is particularly large, extra space is made available accordingly.
If you would like to submit a letter for publication, please remember to include your full name (first and last) and address, including city. The Daily Star typically only publishes letters under 400 words, and these are subject to editing. The Daily Star will not acknowledge unsolicited submissions.
Read more: http://dailystar.com.lb/letters.asp?edition_id=10#ixzz0ucaELALm
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
Editorial
“Much blame to go around for Gaza”
July 16, 2010
Read more: http://dailystar.com.lb/letters.asp?edition_id=10#ixzz0uca0xnPX
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
It may well be more difficult for Israelis to comprehend the idea of Palestinian non-violence than for Palestinians to do so. For many Israelis, the very thought of non-violent Palestinian protest goes so far against the grain as to be incomprehensible, lethally suspicious, a violation of a bedrock narrative.
In many cases, Israeli media have actively ignored or obscured non-violent Palestinian protest. Last month, hundreds of Israelis and Palestinians marched together through the streets of Silwan, East Jerusalem, protesting against a plan by Jerusalem mayor Nir Barkat to evict Arab residents and raze 22 houses for a settler-oriented tourism project.
At a time when use of overwhelming force has cost Israel dearly in its world standing, what will it take for Israelis to rethink the idea that what they have can only be maintained by force? A new kind of leader. A Gandhi, a Dr. King.
The only way the Palestinians will ever get their independence is with the help of outsiders. The United States never could have won its independence if it hadn’t had the help of several other European nations, particularly France.
Ted Rudow III, MA
Menlo Park, California, United States
International Herald Tribune and The Daily Star are available every morning in: Lebanon, Syria, Jordan, Egypt, Qatar, Kuwait, United Arab Emirates, Saudi Arabia, Bahrain, Oman
Read more: http://dailystar.com.lb/letters.asp?edition_id=10#ixzz0ucZu5Nmp
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
Thursday, July 22, 2010
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Tuesday, 20 July 2010
Palestinians need outside help
It may well be more difficult for Israelis to comprehend the idea of Palestinian non-violence than for Palestinians to do so. For many Israelis, the very thought of non-violent Palestinian protest goes so far against the grain as to be incomprehensible, lethally suspicious, a violation of a bedrock narrative.
In many cases, Israeli media have actively ignored or obscured non-violent Palestinian protest. Last month, hundreds of Israelis and Palestinians marched together through the streets of Silwan, East Jerusalem, protesting over a plan by the Jerusalem Mayor, Nir Barkat, to evict Arab residents and raze 22 houses for a settler-oriented tourism project.
At a time when use of overwhelming force has cost Israel dearly in its world standing, what will it take for Israelis to re-think the idea that what they have can be maintained only by force, a new kind of leader, a Gandhi, a Dr King?
The only way the Palestinians will ever get their independence is with the help of outsiders. The US never could have won its independence if it hadn't had the help of several European nations, particularly France.
Ted Rudow III,MA
Menlo Park, California, USA
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Letters: the burka
Tuesday, 20 July 2010
Palestinians need outside help
It may well be more difficult for Israelis to comprehend the idea of Palestinian non-violence than for Palestinians to do so. For many Israelis, the very thought of non-violent Palestinian protest goes so far against the grain as to be incomprehensible, lethally suspicious, a violation of a bedrock narrative.
In many cases, Israeli media have actively ignored or obscured non-violent Palestinian protest. Last month, hundreds of Israelis and Palestinians marched together through the streets of Silwan, East Jerusalem, protesting over a plan by the Jerusalem Mayor, Nir Barkat, to evict Arab residents and raze 22 houses for a settler-oriented tourism project.
At a time when use of overwhelming force has cost Israel dearly in its world standing, what will it take for Israelis to re-think the idea that what they have can be maintained only by force, a new kind of leader, a Gandhi, a Dr King?
The only way the Palestinians will ever get their independence is with the help of outsiders. The US never could have won its independence if it hadn't had the help of several European nations, particularly France.
Ted Rudow III,MA
Menlo Park, California, USA
__._,_.___
Leaving the scene of a crime
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A Bad Idea for Israel
Published: July 20, 2010
Leaving the scene of a crime
Regarding the article “Goldman agrees to pay $550 million in S.E.C. suit” (July 17): If you get caught defrauding somebody out of, say, $50,000, you’re going to jail. You can’t pay the money back and walk on your merry way. But on Wall Street, if you commit a massive crime, you get to walk away from it.
Ted Rudow III, MA
Menlo Park, California
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A Bad Idea for Israel
Published: July 20, 2010
Leaving the scene of a crime
Regarding the article “Goldman agrees to pay $550 million in S.E.C. suit” (July 17): If you get caught defrauding somebody out of, say, $50,000, you’re going to jail. You can’t pay the money back and walk on your merry way. But on Wall Street, if you commit a massive crime, you get to walk away from it.
Ted Rudow III, MA
Menlo Park, California
__._,_.___
Wednesday, July 21, 2010
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Tuesday July 20, 2010
Wall Street Crooks;Nuclear Weapons Are History;New Ghandi?; Loss of City Revenue; Deflation;;Down with Voting Machines ;Tea Party is even Worse Than You Think;End Corporate Influence;Reduce Oil Addiction through Livable Communities Act;Cell Phones;
Wall Street Crooks
Goldman Sachs has agreed to pay $550 million to resolve a civil fraud lawsuit over selling a mortgage investment that was established to fail. It was representative of everything that investment banks, in general, were into for the last twenty years, but also because it was a special case, because Goldman is politically connected in a way that no other company in America really is. The penalty is only one-twentieth of the $10 billion in bonuses the firm handed out last year.
"I want to bet against this stuff. Can you make a deal full of, you know, credit default swaps, or a synthetic credit default swap, full of subprime-referenced entities that I can bet against?" If you defraud somebody, just somebody off the street, if you’re a con man and you defraud somebody out of a thousand dollars, $50,000, you’re going to jail. I mean, it’s not like, you know, you’re going to have to pay the money back and you can walk on your merry way. That’s not the way it works. But on Wall Street, if you commit a massive crime, if you steal not a thousand dollars, but a billion dollars, you get to walk away from it.
They began stealing from each other the things that belonged to others or tricking them out of some of these things so they themselves could have more. But there will be no escape for them as there'll be no place to go and nowhere to hide, as they can't stop the world and get off as they'll wish they could!
Ted Rudow III,MA
***
New Ghandi?
It may well be more difficult for Israelis to comprehend the idea of Palestinian non-violence than for Palestinians to do so. For many Israelis, the very thought of non-violent Palestinian protest goes so far against the grain as to be incomprehensible, lethally suspicious, a violation of a bedrock narrative. ;
In many cases, Israeli media have actively ignored or obscured non-violent Palestinian protest. Last month, hundreds of Israelis and Palestinians marched together through the streets of Silwan, East Jerusalem, protesting a plan by Jerusalem mayor Nir Barkat to evict Arab residents and raze 22 houses for a settler-oriented tourism project.
At a time when use of overwhelming force has cost Israel dearly in its world standing, what will it take for Israelis to rethink the idea that what they have can only be maintained by force? A new kind of leader. A Gandhi, a Dr. King. The only way the Palestinians will ever get their independence is with the help of outsiders.
The U.S. never could have won its independence if it hadn't had the help of several other European nations, particularly France.;
Ted Rudow III,MA
***
Deflation
In the great economic depression of the late 20's and 30's , they had no economic guarantees on wages.The auto business was one of the first places where people cut their spending, because it's a luxury to buy a new car. ; It was a vicious cycle, a downward spiral that just couldn't stop, and industry kept cutting prices to where people could afford to still buy. This was the deflation. Inflation at home mostly hurts the rich, but it mostly helps the poor, except for those who are on set incomes, like pensions. That's why the rich are trying to bring about deflation. The very rich, however, profit from the deflation, because their dollars grow in value even though they're doing nothing with them. ; We're on a crash course to bankruptcy again, but they think they're going to patch it all up instead of curing the disease: which is that they're hanging onto their riches instead of putting them into circulation. In the past, deflation and depression have frequently led to a vicious circle of nationalism, xenophobia, the disintegration of states, and even war which is happening today.
Ted Rudow III,MA
Current Issue
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Tuesday July 20, 2010
Wall Street Crooks;Nuclear Weapons Are History;New Ghandi?; Loss of City Revenue; Deflation;;Down with Voting Machines ;Tea Party is even Worse Than You Think;End Corporate Influence;Reduce Oil Addiction through Livable Communities Act;Cell Phones;
Wall Street Crooks
Goldman Sachs has agreed to pay $550 million to resolve a civil fraud lawsuit over selling a mortgage investment that was established to fail. It was representative of everything that investment banks, in general, were into for the last twenty years, but also because it was a special case, because Goldman is politically connected in a way that no other company in America really is. The penalty is only one-twentieth of the $10 billion in bonuses the firm handed out last year.
"I want to bet against this stuff. Can you make a deal full of, you know, credit default swaps, or a synthetic credit default swap, full of subprime-referenced entities that I can bet against?" If you defraud somebody, just somebody off the street, if you’re a con man and you defraud somebody out of a thousand dollars, $50,000, you’re going to jail. I mean, it’s not like, you know, you’re going to have to pay the money back and you can walk on your merry way. That’s not the way it works. But on Wall Street, if you commit a massive crime, if you steal not a thousand dollars, but a billion dollars, you get to walk away from it.
They began stealing from each other the things that belonged to others or tricking them out of some of these things so they themselves could have more. But there will be no escape for them as there'll be no place to go and nowhere to hide, as they can't stop the world and get off as they'll wish they could!
Ted Rudow III,MA
***
New Ghandi?
It may well be more difficult for Israelis to comprehend the idea of Palestinian non-violence than for Palestinians to do so. For many Israelis, the very thought of non-violent Palestinian protest goes so far against the grain as to be incomprehensible, lethally suspicious, a violation of a bedrock narrative. ;
In many cases, Israeli media have actively ignored or obscured non-violent Palestinian protest. Last month, hundreds of Israelis and Palestinians marched together through the streets of Silwan, East Jerusalem, protesting a plan by Jerusalem mayor Nir Barkat to evict Arab residents and raze 22 houses for a settler-oriented tourism project.
At a time when use of overwhelming force has cost Israel dearly in its world standing, what will it take for Israelis to rethink the idea that what they have can only be maintained by force? A new kind of leader. A Gandhi, a Dr. King. The only way the Palestinians will ever get their independence is with the help of outsiders.
The U.S. never could have won its independence if it hadn't had the help of several other European nations, particularly France.;
Ted Rudow III,MA
***
Deflation
In the great economic depression of the late 20's and 30's , they had no economic guarantees on wages.The auto business was one of the first places where people cut their spending, because it's a luxury to buy a new car. ; It was a vicious cycle, a downward spiral that just couldn't stop, and industry kept cutting prices to where people could afford to still buy. This was the deflation. Inflation at home mostly hurts the rich, but it mostly helps the poor, except for those who are on set incomes, like pensions. That's why the rich are trying to bring about deflation. The very rich, however, profit from the deflation, because their dollars grow in value even though they're doing nothing with them. ; We're on a crash course to bankruptcy again, but they think they're going to patch it all up instead of curing the disease: which is that they're hanging onto their riches instead of putting them into circulation. In the past, deflation and depression have frequently led to a vicious circle of nationalism, xenophobia, the disintegration of states, and even war which is happening today.
Ted Rudow III,MA
Tuesday, July 20, 2010
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Deflation
Ted Rudow III,MA, On e-mail
In the great economic depression of the late 20's and 30's , they had no economic guarantees on wages. The auto business was one of the first places where people cut their spending, because it's a luxury to buy a new car.
It was a vicious cycle, a downward spiral that just couldn't stop, and industry kept cutting prices to where people could afford to still buy. This was the deflation. Inflation at home mostly hurts the rich, but it mostly helps the poor, except for those who are on set incomes, like pensions. That's why the rich are trying to bring about deflation. The very rich, however, profit from the deflation, because their dollars grow in value even though they're doing nothing with them.
We're on a crash course to bankruptcy again, but they think they're going to patch it all up instead of curing the disease: which is that they're hanging onto their riches instead of putting them into circulation. In the past, deflation and depression have frequently led to a vicious circle of nationalism, xenophobia, the disintegration of states, and even war which is happening today.
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Wednesday, July 21, 2010
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Deflation
Ted Rudow III,MA, On e-mail
In the great economic depression of the late 20's and 30's , they had no economic guarantees on wages. The auto business was one of the first places where people cut their spending, because it's a luxury to buy a new car.
It was a vicious cycle, a downward spiral that just couldn't stop, and industry kept cutting prices to where people could afford to still buy. This was the deflation. Inflation at home mostly hurts the rich, but it mostly helps the poor, except for those who are on set incomes, like pensions. That's why the rich are trying to bring about deflation. The very rich, however, profit from the deflation, because their dollars grow in value even though they're doing nothing with them.
We're on a crash course to bankruptcy again, but they think they're going to patch it all up instead of curing the disease: which is that they're hanging onto their riches instead of putting them into circulation. In the past, deflation and depression have frequently led to a vicious circle of nationalism, xenophobia, the disintegration of states, and even war which is happening today.
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Letters from our readers: Columnist’s claim is not quite right
July 20, 2010
Wall Street vs. Main Street
Goldman Sachs agreed to pay $550 million to resolve a civil fraud lawsuit over selling a mortgage investment that was set up to fail. The penalty is only one-twentieth of the $10 billion in bonuses the firm handed out last year.
If you defraud somebody off the street for $1,000 or $50,000, you’re going to jail. It’s not like you just have to pay the money back and you can go on your merry way. But on Wall Street, if you commit a massive crime and steal a billion dollars, you get to walk away from it.
Ted Rudow III,MA
Menlo Park
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Letters from our readers: Columnist’s claim is not quite right
July 20, 2010
Wall Street vs. Main Street
Goldman Sachs agreed to pay $550 million to resolve a civil fraud lawsuit over selling a mortgage investment that was set up to fail. The penalty is only one-twentieth of the $10 billion in bonuses the firm handed out last year.
If you defraud somebody off the street for $1,000 or $50,000, you’re going to jail. It’s not like you just have to pay the money back and you can go on your merry way. But on Wall Street, if you commit a massive crime and steal a billion dollars, you get to walk away from it.
Ted Rudow III,MA
Menlo Park
Saturday, July 17, 2010
The Daily Star
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The Daily Star is pleased to provide a forum for debate on a range of subjects, from local cultural activities to international politics.
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Editorial
“Arabs and Israelis misread Turkey”
July 2, 2010
Israel’s policy is that in order to overcome this problem of the rights of the poor Palestinians it will just liquidate the poor. The logic goes: “Wipe them out, and then we won’t have to worry about their rights and all that sort of thing anymore.” That was the US policy in Vietnam, too – to literally try to wipe them out. And if it hadn’t been for world opinion, they would have. But the world was horrified at the things the US did there. And that’s just what is happening now to Israel.
Israel is being exposed. The country has no plans for evacuating any occupied lands, but is rather going to gobble up more.
There is all this talk about peace and all this talk about UN patrol forces and so on, but observers say it looks to them by the way the Israelis are digging in, that they’re not planning to leave some areas at all. That means they would have to carry out what they used to call during Hitler’s days, “total population relocation” – or genocide. The Israelis have always driven out refuges. Now they want to get rid of the millions who are still left.
Ted Rudow III, MA
Menlo Park, California, United States
International Herald Tribune and The Daily Star are available every morning in: Lebanon, Syria, Jordan, Egypt, Qatar, Kuwait, United Arab Emirates, Saudi Arabia, Bahrain, Oman
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Reader's feedback published on 17/07/2010
The Daily Star is pleased to provide a forum for debate on a range of subjects, from local cultural activities to international politics.
Dozens, sometimes even hundreds, of letters fall into the editor’s mailbox daily. In order to keep the letters timely, The Daily Star generally produces a special letters section. When the influx of letters is particularly large, extra space is made available accordingly.
If you would like to submit a letter for publication, please remember to include your full name (first and last) and address, including city. The Daily Star typically only publishes letters under 400 words, and these are subject to editing. The Daily Star will not acknowledge unsolicited submissions.
Read more: http://dailystar.com.lb/letters.asp?edition_id=10#ixzz0ty90iPlb
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
Editorial
“Arabs and Israelis misread Turkey”
July 2, 2010
Israel’s policy is that in order to overcome this problem of the rights of the poor Palestinians it will just liquidate the poor. The logic goes: “Wipe them out, and then we won’t have to worry about their rights and all that sort of thing anymore.” That was the US policy in Vietnam, too – to literally try to wipe them out. And if it hadn’t been for world opinion, they would have. But the world was horrified at the things the US did there. And that’s just what is happening now to Israel.
Israel is being exposed. The country has no plans for evacuating any occupied lands, but is rather going to gobble up more.
There is all this talk about peace and all this talk about UN patrol forces and so on, but observers say it looks to them by the way the Israelis are digging in, that they’re not planning to leave some areas at all. That means they would have to carry out what they used to call during Hitler’s days, “total population relocation” – or genocide. The Israelis have always driven out refuges. Now they want to get rid of the millions who are still left.
Ted Rudow III, MA
Menlo Park, California, United States
International Herald Tribune and The Daily Star are available every morning in: Lebanon, Syria, Jordan, Egypt, Qatar, Kuwait, United Arab Emirates, Saudi Arabia, Bahrain, Oman
Read more: http://dailystar.com.lb/letters.asp?edition_id=10#ixzz0ty8nTaH6
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
New Gandhi?
http://www.indybay.org/newsitems/2010/07/17/18654079.php
New Gandhi?
by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Saturday Jul 17th, 2010
It may well be more difficult for Israelis to comprehend the idea of Palestinian non-violence than for Palestinians to do so. For many Israelis, the very thought of non-violent Palestinian protest goes so far against the grain as to be incomprehensible, lethally suspicious, a violation of a bedrock narrative.
In many cases, Israeli media have actively ignored or obscured non-violent Palestinian protest. Last month, hundreds of Israelis and Palestinians marched together through the streets of Silwan, East Jerusalem, protesting a plan by Jerusalem mayor Nir Barkat to evict Arab residents and raze 22 houses for a settler-oriented tourism project.
At a time when use of overwhelming force has cost Israel dearly in its world standing, what will it take for Israelis to rethink the idea that what they have can only be maintained by force? A new kind of leader. A Gandhi, a Dr. King. The only way the Palestinians will ever get their independence is with the help of outsiders. The U.S. never could have won its independence if it hadn't had the help of several other European nations, particularly France.
Ted Rudow III,MA
New Gandhi?
by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Saturday Jul 17th, 2010
It may well be more difficult for Israelis to comprehend the idea of Palestinian non-violence than for Palestinians to do so. For many Israelis, the very thought of non-violent Palestinian protest goes so far against the grain as to be incomprehensible, lethally suspicious, a violation of a bedrock narrative.
In many cases, Israeli media have actively ignored or obscured non-violent Palestinian protest. Last month, hundreds of Israelis and Palestinians marched together through the streets of Silwan, East Jerusalem, protesting a plan by Jerusalem mayor Nir Barkat to evict Arab residents and raze 22 houses for a settler-oriented tourism project.
At a time when use of overwhelming force has cost Israel dearly in its world standing, what will it take for Israelis to rethink the idea that what they have can only be maintained by force? A new kind of leader. A Gandhi, a Dr. King. The only way the Palestinians will ever get their independence is with the help of outsiders. The U.S. never could have won its independence if it hadn't had the help of several other European nations, particularly France.
Ted Rudow III,MA
Wednesday, July 14, 2010
SacBee
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Published: Sunday, Jul. 11, 2010
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During the Great Depression in 1933, the act that was passed — the Glass-Steagall Act and the bank act that was a part of that — transformed the landscape. It disallowed banks to take risks and hold our customer deposits. And it gave an incentive to banks who held deposits that they would be supported by the government, that the FDIC was created to back our money. But then they would also not be allowed to speculate and trade and create esoteric, complex instruments that are difficult to understand and don't have a market and can collapse an entire economy. That was a big bill.
1956 there was a Bank Holding Act. That said banks can't merge across state lines, they can't buy insurance companies, they can't by investment banks. They want to do plain banking, they do plain banking.
That was as a solidification of the Glass-Steagall Act. That was strengthening the act.
This latest banking bill does none of that. This allows all of that complexity; it allows banks to hold insurance companies and investment back and trade and speculate and have government backing for deposits.
Two major things were not addressed in the new bill, the most important things. First of all, it does nothing to put the firewall back up between regular banking commercial activity and those investment firms on Wall Street. That distinction was critical to protect all of us from this kind of collapse. This bill does not fix it.
Ted Rudow III,MA
Read more: http://www.sacbee.com/2010/07/11/2880459/assorted-train-wrecks.html#ixzz0tg9QLdIG
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Rex Babin Cartoons
News
Business
Local
Elections
Assorted Train Wrecks
Published: Sunday, Jul. 11, 2010
Buy Cartoon
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During the Great Depression in 1933, the act that was passed — the Glass-Steagall Act and the bank act that was a part of that — transformed the landscape. It disallowed banks to take risks and hold our customer deposits. And it gave an incentive to banks who held deposits that they would be supported by the government, that the FDIC was created to back our money. But then they would also not be allowed to speculate and trade and create esoteric, complex instruments that are difficult to understand and don't have a market and can collapse an entire economy. That was a big bill.
1956 there was a Bank Holding Act. That said banks can't merge across state lines, they can't buy insurance companies, they can't by investment banks. They want to do plain banking, they do plain banking.
That was as a solidification of the Glass-Steagall Act. That was strengthening the act.
This latest banking bill does none of that. This allows all of that complexity; it allows banks to hold insurance companies and investment back and trade and speculate and have government backing for deposits.
Two major things were not addressed in the new bill, the most important things. First of all, it does nothing to put the firewall back up between regular banking commercial activity and those investment firms on Wall Street. That distinction was critical to protect all of us from this kind of collapse. This bill does not fix it.
Ted Rudow III,MA
Read more: http://www.sacbee.com/2010/07/11/2880459/assorted-train-wrecks.html#ixzz0tg9QLdIG
SFGate
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Bob Egelko writes ("Races could test voters' views on death penalty," July 13) that for decades, capital punishment was a driving force in California politics, swaying elections for governor and the U.S. Senate and...
Read Full Story
July 14, 2010
During the Great Depression in 1933, the act that was passed — the Glass-Steagall Act and the bank act that was a part of that — transformed the landscape. It disallowed banks to take risks and hold our customer deposits. And it gave an incentive to banks who held deposits that they would be supported by the government, that the FDIC was created to back our money. But then they would also not be allowed to speculate and trade and create esoteric, complex instruments that are difficult to understand and don't have a market and can collapse an entire economy. That was a big bill.
1956 there was a Bank Holding Act. That said banks can't merge across state lines, they can't buy insurance companies, they can't by investment banks. They want to do plain banking, they do plain banking.
That was as a solidification of the Glass-Steagall Act. That was strengthening the act.
This latest banking bill does none of that. This allows all of that complexity; it allows banks to hold insurance companies and investment back and trade and speculate and have government backing for deposits.
Two major things were not addressed in the new bill, the most important things. First of all, it does nothing to put the firewall back up between regular banking commercial activity and those investment firms on Wall Street. That distinction was critical to protect all of us from this kind of collapse. This bill does not fix it.
The second thing is that it does not do anything serious about these institutions, these investment companies and others that are too big to fail. And too big to be safe for America. It does not handle that. So the two biggest issues are not resolved.Pretending this is somehow the kind of reform we needed to avoid the financial collapse is really not being honest with the American people
Ted Rudow III,MA.
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Bob Egelko writes ("Races could test voters' views on death penalty," July 13) that for decades, capital punishment was a driving force in California politics, swaying elections for governor and the U.S. Senate and...
Read Full Story
July 14, 2010
During the Great Depression in 1933, the act that was passed — the Glass-Steagall Act and the bank act that was a part of that — transformed the landscape. It disallowed banks to take risks and hold our customer deposits. And it gave an incentive to banks who held deposits that they would be supported by the government, that the FDIC was created to back our money. But then they would also not be allowed to speculate and trade and create esoteric, complex instruments that are difficult to understand and don't have a market and can collapse an entire economy. That was a big bill.
1956 there was a Bank Holding Act. That said banks can't merge across state lines, they can't buy insurance companies, they can't by investment banks. They want to do plain banking, they do plain banking.
That was as a solidification of the Glass-Steagall Act. That was strengthening the act.
This latest banking bill does none of that. This allows all of that complexity; it allows banks to hold insurance companies and investment back and trade and speculate and have government backing for deposits.
Two major things were not addressed in the new bill, the most important things. First of all, it does nothing to put the firewall back up between regular banking commercial activity and those investment firms on Wall Street. That distinction was critical to protect all of us from this kind of collapse. This bill does not fix it.
The second thing is that it does not do anything serious about these institutions, these investment companies and others that are too big to fail. And too big to be safe for America. It does not handle that. So the two biggest issues are not resolved.Pretending this is somehow the kind of reform we needed to avoid the financial collapse is really not being honest with the American people
Ted Rudow III,MA.
Tuesday, July 13, 2010
Post-Reagan
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Tuesday July 13, 2010
Pelosi Backs Two Ferries for Berkeley;Post-Verdict Riots;Anarchism?The Post-Reagan Era;Arizona Cracks Down Again; The Walls Came Tumbling Down;Planning to Plan Downtown; Coal Kills; Mayor's proposed Downtown Area Plan Ballot Measure; Kenneth Thiesen’s 2008 Opinion; Feminists for Life
The Post-Reagan Era
"It just boggles me to hear people say and write: The post-Reagan era encompassed one of the greatest economic expansions in history, without, yet, realizing that a synonym for expansion is to bubble and that it was the bursting of that unregulated, unmonitored bubble that brought on the economic misery we are in today, paying for that alleged “greatest economic expansion in history.”
Keith Kreitman
When Ronald Reagan became president, he brought into the office something that had been lacking in the previous three administrations: confidence. His programs were innovative (to be sure), and he was an eloquent orator. Simply put, Americans (in general) trusted his leadership, and he capitalized on that. "Reaganomics" instituted sweeping tax cuts, particularly for the upper-income taxpayers. The Reagan advisers assessed (correctly I believe) that more money in the hands of those with a surplus would be reinvested in the economy. The American economy boomed for nearly eight years, but President Reagan left the White House having bloated our economy with debt. The largest deficits in the history of any economy (nearly $2.2 trillion) were accumulated during the longest period of uninterrupted economic growth.
"He's a warmonger, he's a militarist, he's rash and he's going to get us into a war"--so the people voted for him! They voted for war! Definitely a vote for rearmament, a vote for war, a vote for do something about the hostages, a vote for do something about the economy, a vote against high taxes, a vote for cutting taxes. All the things that Reagan has promised to do were things that you can see now the American people were in the mood for and are popular issues but in the end it lead to bankruptcy today!
Ted Rudow III,MA ***
The Berkeley Daily Planet Current
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July 13, 2010
Letters to the Editor
Tuesday July 13, 2010
Pelosi Backs Two Ferries for Berkeley;Post-Verdict Riots;Anarchism?The Post-Reagan Era;Arizona Cracks Down Again; The Walls Came Tumbling Down;Planning to Plan Downtown; Coal Kills; Mayor's proposed Downtown Area Plan Ballot Measure; Kenneth Thiesen’s 2008 Opinion; Feminists for Life
The Post-Reagan Era
"It just boggles me to hear people say and write: The post-Reagan era encompassed one of the greatest economic expansions in history, without, yet, realizing that a synonym for expansion is to bubble and that it was the bursting of that unregulated, unmonitored bubble that brought on the economic misery we are in today, paying for that alleged “greatest economic expansion in history.”
Keith Kreitman
When Ronald Reagan became president, he brought into the office something that had been lacking in the previous three administrations: confidence. His programs were innovative (to be sure), and he was an eloquent orator. Simply put, Americans (in general) trusted his leadership, and he capitalized on that. "Reaganomics" instituted sweeping tax cuts, particularly for the upper-income taxpayers. The Reagan advisers assessed (correctly I believe) that more money in the hands of those with a surplus would be reinvested in the economy. The American economy boomed for nearly eight years, but President Reagan left the White House having bloated our economy with debt. The largest deficits in the history of any economy (nearly $2.2 trillion) were accumulated during the longest period of uninterrupted economic growth.
"He's a warmonger, he's a militarist, he's rash and he's going to get us into a war"--so the people voted for him! They voted for war! Definitely a vote for rearmament, a vote for war, a vote for do something about the hostages, a vote for do something about the economy, a vote against high taxes, a vote for cutting taxes. All the things that Reagan has promised to do were things that you can see now the American people were in the mood for and are popular issues but in the end it lead to bankruptcy today!
Ted Rudow III,MA ***
Friday, July 09, 2010
Banking-bill inadequate
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Banking-bill inadequate
Editor,
During the Great Depression in 1933, the act that was passed — the Glass-Steagall Act and the bank act that was a part of that — transformed the landscape. It disallowed banks to take risks and hold our customer deposits. And it gave an incentive to banks who held deposits that they would be supported by the government, that the FDIC was created to back our money. But then they would also not be allowed to speculate and trade and create esoteric, complex instruments that are difficult to understand and don't have a market and can collapse an entire economy. That was a big bill.
1956 there was a Bank Holding Act. That said banks can't merge across state lines, they can't buy insurance companies, they can't by investment banks. They want to do plain banking, they do plain banking.
That was as a solidification of the Glass-Steagall Act. That was strengthening the act.
This latest banking bill does none of that. This allows all of that complexity; it allows banks to hold insurance companies and investment back and trade and speculate and have government backing for deposits.
Two major things were not addressed in the new bill, the most important things. First of all, it does nothing to put the firewall back up between regular banking commercial activity and those investment firms on Wall Street. That distinction was critical to protect all of us from this kind of collapse. This bill does not fix it.
The second thing is that it does not do anything serious about these institutions, these investment companies and others that are too big to fail. And too big to be safe for America. It does not handle that. So the two biggest issues are not resolved.
Pretending this is somehow the kind of reform we needed to avoid the financial collapse is really not being honest with the American people.
Ted Rudow III,MA
Palo Alto
Vote for your favorite shops, restaurants, businesses and activities in the 2010 Best Of contest.
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Spectrum - Friday, July 9, 2010 Send this story
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Letters
Banking-bill inadequate
Editor,
During the Great Depression in 1933, the act that was passed — the Glass-Steagall Act and the bank act that was a part of that — transformed the landscape. It disallowed banks to take risks and hold our customer deposits. And it gave an incentive to banks who held deposits that they would be supported by the government, that the FDIC was created to back our money. But then they would also not be allowed to speculate and trade and create esoteric, complex instruments that are difficult to understand and don't have a market and can collapse an entire economy. That was a big bill.
1956 there was a Bank Holding Act. That said banks can't merge across state lines, they can't buy insurance companies, they can't by investment banks. They want to do plain banking, they do plain banking.
That was as a solidification of the Glass-Steagall Act. That was strengthening the act.
This latest banking bill does none of that. This allows all of that complexity; it allows banks to hold insurance companies and investment back and trade and speculate and have government backing for deposits.
Two major things were not addressed in the new bill, the most important things. First of all, it does nothing to put the firewall back up between regular banking commercial activity and those investment firms on Wall Street. That distinction was critical to protect all of us from this kind of collapse. This bill does not fix it.
The second thing is that it does not do anything serious about these institutions, these investment companies and others that are too big to fail. And too big to be safe for America. It does not handle that. So the two biggest issues are not resolved.
Pretending this is somehow the kind of reform we needed to avoid the financial collapse is really not being honest with the American people.
Ted Rudow III,MA
Palo Alto
Thursday, July 08, 2010
Obama the warlord
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Obama the warlord
Friday, July 09, 2010
US President Barack Obama is basically continuing with the policies of George W Bush in Afghanistan.
Obama escalated the war, went along with this policy of the troop surge and ordered more drone attacks on civilians in Pakistan.
Afghanistan has a puppet leader, Hamid Karzai, who has grown very wealthy through corruption and believes that he has genuine support.
Why the surprise that people are so hostile to the United States in that part of the world?
Ted Rudow
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Friday, July 9, 2010 31°C 69%
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Street Points
Obama the warlord
Friday, July 09, 2010
US President Barack Obama is basically continuing with the policies of George W Bush in Afghanistan.
Obama escalated the war, went along with this policy of the troop surge and ordered more drone attacks on civilians in Pakistan.
Afghanistan has a puppet leader, Hamid Karzai, who has grown very wealthy through corruption and believes that he has genuine support.
Why the surprise that people are so hostile to the United States in that part of the world?
Ted Rudow
© 2010 The Standard, The Standard Newspapers Publishing Ltd..
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts
Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features
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Wednesday, July 07, 2010
The Unwinnable War
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The Unwinnable War
OBAMA basically continued with Bush's policies. Let's be blunt about this. In Afghanistan, he went beyond Bush. He escalated the war. He went along with this policy of the surge. And he ordered more drone attacks on civilians in Pakistan in his one year in office than Bush had done during his last term. So, for the people of that region, Obama's presidency has been a total disaster. And it's not working.
They have a puppet leader, Karzai, who's developing his own sort of dynamic, because he's grown very wealthy through corruption and thinks that he has genuine support.
One man's terrorist is another's freedom fighter, and what some governments consider potential terrorists are simply those who don't agree with government policies.
And the ones who are saying that this is an unwinnable war are absolutely right. It's a stalemated war. They can't win it unless they destroy half the population of the country. So that is what people see. And then, why are they surprised that people are so hostile to the United States in that part of the world?
Ted Rudow III, MA
Menlo Park
__._,_.___n
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home | metro santa cruz index | letters to the editor
Letters to the Editor
The Unwinnable War
OBAMA basically continued with Bush's policies. Let's be blunt about this. In Afghanistan, he went beyond Bush. He escalated the war. He went along with this policy of the surge. And he ordered more drone attacks on civilians in Pakistan in his one year in office than Bush had done during his last term. So, for the people of that region, Obama's presidency has been a total disaster. And it's not working.
They have a puppet leader, Karzai, who's developing his own sort of dynamic, because he's grown very wealthy through corruption and thinks that he has genuine support.
One man's terrorist is another's freedom fighter, and what some governments consider potential terrorists are simply those who don't agree with government policies.
And the ones who are saying that this is an unwinnable war are absolutely right. It's a stalemated war. They can't win it unless they destroy half the population of the country. So that is what people see. And then, why are they surprised that people are so hostile to the United States in that part of the world?
Ted Rudow III, MA
Menlo Park
__._,_.___n
Tuesday, July 06, 2010
The Berkeley Daily Planet
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Tuesday July 06, 2010
Tearing Down Libraries is Waste, Not Green; Bates and Council Thumb Their Noses at the Public; Anger Management; Fire Wall?; Intimidation; Guns; Palin’s Opinion; Afghanistan — the U.S. between a rock and a hard place Tearing Down Libraries is Waste, Not Green
*** Fire Wall?
In the Great Depression in 1933, the act that was passed—the Glass-Steagall Act and the bank act that was a part of the connector to that—transformed the landscape. It disallowed banks to take risks and hold our customer deposits. And it gave an incentive to banks that held deposits that they would be supported by the government, that the FDIC was created to back our money. But then they would also not be allowed to speculate and trade and create esoteric, complex instruments that are difficult to understand and don’t have a market and can collapse an entire economy. That was a big bill.
1956, there was a Bank Holding Act. That said, banks can’t merge across state lines, they can’t buy insurance companies, they can’t by investment banks. They wanna do plain banking, they do plain banking. That was as a solidification of the Glass-Steagall Act. That was strengthening the act. This does none of that. This allows all of that complexity, it allows banks to hold insurance companies and investment back and trade and speculate and have government backing for deposits.
Two major things were not addressed in the new bill, the most important things: first of all, it does nothing to put the fire wall back up between regular banking commercial activity and those investment firms on Wall Street. That distinction was critical to protect all of us from this kind of collapse. This bill does not fix it. The second thing is it does not do anything serious about these institutions, these investment companies and others that are too big to fail. And too big to be safe for America. It does not handle that. So the two biggest issues are not resolved—pretend this is somehow the kind of reform we needed to avoid the financial collapse is really not being honest with the American people.
Ted Rudow III,MA
Afghanistan—the U.S. between a rock and a hardplace
Afghanistan now produces 90 percent of the world’s opium, which ends up on the streets of the world as heroin. According to one U.S. report, the area devoted to poppy production has nearly tripled in the last two years, and the country is on the verge of becoming a narcotics state. You can see why—drugs are about the only thing that poor country has that anyone else wants tobuy!
The funny thing is, the U.S. is acting as the chief drug lord there, in a way, because it made it possible for all the smaller drug lords to come to power. Now the U.S. is between a rock and a hard place. So the U.S. hasn’t exactly been a virtuous liberator, because while it proclaims how it’s installed a new, more democratic government in Afghanistan, what it’s actually done is set the drug lords and warlords free to operate again, who control most of the country outside Kabul, thecapital.
The U.S. has also taken advantage of Afghanistan’s lawlessness to convert its bases there into what one human rights advocate called “an enormous U.S. jail.” You see, since 9/11, one of the strategies of the U.S. in its “war on terror” has been to lock up anyone considered a suspect on any sort of grounds whatsoever, and where better to do it than Afghanistan, where there’s no legal system to challenge them and very few lawyers or human rights advocates to harass them and complain. Especially in the U.S., where most Americans stopped caring about Afghanistan a long timeago!
Ted Rudow III,MA
The Berkeley Daily Planet Current Issu
Tuesday
July 06, 2010
Front Page
Opinion
Columnists
Arts & Entertainment
Contents
Full Text
Letters to the Editor
Tuesday July 06, 2010
Tearing Down Libraries is Waste, Not Green; Bates and Council Thumb Their Noses at the Public; Anger Management; Fire Wall?; Intimidation; Guns; Palin’s Opinion; Afghanistan — the U.S. between a rock and a hard place Tearing Down Libraries is Waste, Not Green
*** Fire Wall?
In the Great Depression in 1933, the act that was passed—the Glass-Steagall Act and the bank act that was a part of the connector to that—transformed the landscape. It disallowed banks to take risks and hold our customer deposits. And it gave an incentive to banks that held deposits that they would be supported by the government, that the FDIC was created to back our money. But then they would also not be allowed to speculate and trade and create esoteric, complex instruments that are difficult to understand and don’t have a market and can collapse an entire economy. That was a big bill.
1956, there was a Bank Holding Act. That said, banks can’t merge across state lines, they can’t buy insurance companies, they can’t by investment banks. They wanna do plain banking, they do plain banking. That was as a solidification of the Glass-Steagall Act. That was strengthening the act. This does none of that. This allows all of that complexity, it allows banks to hold insurance companies and investment back and trade and speculate and have government backing for deposits.
Two major things were not addressed in the new bill, the most important things: first of all, it does nothing to put the fire wall back up between regular banking commercial activity and those investment firms on Wall Street. That distinction was critical to protect all of us from this kind of collapse. This bill does not fix it. The second thing is it does not do anything serious about these institutions, these investment companies and others that are too big to fail. And too big to be safe for America. It does not handle that. So the two biggest issues are not resolved—pretend this is somehow the kind of reform we needed to avoid the financial collapse is really not being honest with the American people.
Ted Rudow III,MA
Afghanistan—the U.S. between a rock and a hardplace
Afghanistan now produces 90 percent of the world’s opium, which ends up on the streets of the world as heroin. According to one U.S. report, the area devoted to poppy production has nearly tripled in the last two years, and the country is on the verge of becoming a narcotics state. You can see why—drugs are about the only thing that poor country has that anyone else wants tobuy!
The funny thing is, the U.S. is acting as the chief drug lord there, in a way, because it made it possible for all the smaller drug lords to come to power. Now the U.S. is between a rock and a hard place. So the U.S. hasn’t exactly been a virtuous liberator, because while it proclaims how it’s installed a new, more democratic government in Afghanistan, what it’s actually done is set the drug lords and warlords free to operate again, who control most of the country outside Kabul, thecapital.
The U.S. has also taken advantage of Afghanistan’s lawlessness to convert its bases there into what one human rights advocate called “an enormous U.S. jail.” You see, since 9/11, one of the strategies of the U.S. in its “war on terror” has been to lock up anyone considered a suspect on any sort of grounds whatsoever, and where better to do it than Afghanistan, where there’s no legal system to challenge them and very few lawyers or human rights advocates to harass them and complain. Especially in the U.S., where most Americans stopped caring about Afghanistan a long timeago!
Ted Rudow III,MA
Monday, July 05, 2010
Fourth of July
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To equate the Fourth of July with Christianity is absurd! I do not like the spreading of American-style democracy at the hands of the bloodthirsty and warlike Americans themselves. This does not lead to more Christianity, but to a nation drifting further.
Has America brought more Christianity and Christian values to Iraq or Afghanistan, or other nations it has attacked in one way or another in recent years? No, the opposite is true. America cannot impose righteousness on others. That is a personal affair, not something that can be imposed in a national crusade.
Many people want to go to the United States to lust after things! It's not to fulfill some dream of freedom! Materialism, "the devotion to material wealth and possessions at the expense of spiritual or intellectual values," is virtually synonymous with capitalism, the profit-driven system that dominates the economies and nations of today.
Ted Rudow III,MA
Subcribe: Home Delivery Special!
Sign In | Register Now | PressClub Site HelpMy Account | Sign Out | PressClub Site Help
Rex Babin Cartoons
News
Business
Local
Elections
Weather | Traffic 77° F
Remember the Troops
Published: Sunday, Jul. 04, 2010
Buy Cartoon
More Cartoons
07/05/2010
To equate the Fourth of July with Christianity is absurd! I do not like the spreading of American-style democracy at the hands of the bloodthirsty and warlike Americans themselves. This does not lead to more Christianity, but to a nation drifting further.
Has America brought more Christianity and Christian values to Iraq or Afghanistan, or other nations it has attacked in one way or another in recent years? No, the opposite is true. America cannot impose righteousness on others. That is a personal affair, not something that can be imposed in a national crusade.
Many people want to go to the United States to lust after things! It's not to fulfill some dream of freedom! Materialism, "the devotion to material wealth and possessions at the expense of spiritual or intellectual values," is virtually synonymous with capitalism, the profit-driven system that dominates the economies and nations of today.
Ted Rudow III,MA
Thursday, July 01, 2010
"That was the U.S. policy in Vietnam
http://www.indybay.org/newsitems/2010/07/01/18652433.php
"That was the U.S. policy in Vietnam "
by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Thursday Jul 1st,
Israel's policy is that in order to overcome this problem of the rights of the poor Palestinians she will just liquidate the poor!--"Wipe them out, and then we won't have to worry about their rights and all that sort of thing anymore"
."That was the U.S. policy in Vietnam too, to literally try to wipe them out. And if it hadn't been for world opinion, they would have. But the world was horrified at the things the U.S. did there. And that's just what is happening now to Israel.
Israel is being exposed. She has no idea of evacuating any lands but is going to gobble up more.--Read it in the papers!
There is all this talk about peace and all this talk about UN patrol forces and so on, but the guys writing the papers say it looks to them by the way the Israelis are digging in, that they're not planning to leave some areas at all. That means they would have to have what they used to call during Hitler's days, total population relocation--or genocide!
The Israelis have alway driven refuges. Now they want to get rid of the million who are still left!
Ted Rudow III,MA
"That was the U.S. policy in Vietnam "
by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Thursday Jul 1st,
Israel's policy is that in order to overcome this problem of the rights of the poor Palestinians she will just liquidate the poor!--"Wipe them out, and then we won't have to worry about their rights and all that sort of thing anymore"
."That was the U.S. policy in Vietnam too, to literally try to wipe them out. And if it hadn't been for world opinion, they would have. But the world was horrified at the things the U.S. did there. And that's just what is happening now to Israel.
Israel is being exposed. She has no idea of evacuating any lands but is going to gobble up more.--Read it in the papers!
There is all this talk about peace and all this talk about UN patrol forces and so on, but the guys writing the papers say it looks to them by the way the Israelis are digging in, that they're not planning to leave some areas at all. That means they would have to have what they used to call during Hitler's days, total population relocation--or genocide!
The Israelis have alway driven refuges. Now they want to get rid of the million who are still left!
Ted Rudow III,MA
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