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Legalized Loan Sharking, Bernie Sanders' Demands for Honesty and More Special Workplace Coverage

Posted by Joshua Holland at 10:00 AM on August 23, 2007.


Joshua Holland: And a lot more interesting stuff about the Bush economy.
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Sanders

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As some of you know, I recently started editing AlterNet's Corporate Accountability and Workplace special coverage. And I want to make sure everyone knows that there's a lot more content in there than what I can get on the front page.

This week, we sliced and diced the lending crisis with contributions from Paul Krugman, Barbara Ehrenreich, Brent Budowsky and Marney White -- an "ordinary American" from Long Island who speaks about the subject from hard-learned experience; Pratap Chatterjee and Nick Robins looked at the resistance to corporate rule in India; Senator Bernie Sanders (I-Weluvhim) showed us that "obstructionism" isn't all bad as he swore to block a key Bush nominee until the administration starts being honest about the economy; Public Citizen's Todd Tucker looked at tainted toys and other miracles of "free trade"; a physician gave his pitch for tax-financed health care, and more!

If you want to stay on top of the economy from a progressive POV, the easiest way is to sign up for my newsletter and get all our coverage delivered to your inbox each week.

Here's all the stuff that didn't get on the front page this week:

Legalized Loan Sharking: The Sleeper Issue of 2008
By Marney White
The presidential candidates could get the attention of even the most apathetic voters by talking seriously about the crushing interest rates that are burying more and more Americans.

Lessons of Empire: How to Unravel an Unchecked Superpower
By Pratap Chatterjee, Nick Robins
India's history provides timeless lessons on how (and how not) to confront corporate power with protest, litigation, regulation, rebellion and, ultimately, corporate redesign.

Tax-Financed Health Care: More Bang for the Buck
By Johnathon Ross
The profit motive runs contrary to the best cooperative and Samaritan traditions of medical practice and training.

Debt Crisis: No Bail-Outs for Loansharks
By Paul Krugman
The real-estate bubble of recent years, like the stock bubble of the late 1990s, was both caused and fed by widespread malfeasance. Now, those same bad actors want to be rescued by the "nanny state."

Bernie Sanders' Tusssle With Nussle
By Terence Samuel
The Vermont populist vows to hold up the president's pick for OMB chief until he starts speaking some truth about the economy.

Smashing Capitalism!
By Barbara Ehrenreich
We may be witnessing the first time in history that the downtrodden manage to bring down an unfair economic system without going to the trouble of a revolution.

Toxic Toys, Deadly Dog Food and Other Wonders of "Free Trade"
By Todd Tucker
Mattel says its supply chain just has a few bad apples. Where have we heard that before?

With Fewer Migrant Workers, Farmers Turn to Prison Labor
By Nicole Hill
Weren't employers who lose access to cheap foreign labor supposed to start paying Americans fair wages?

Britain's Invisible Labor Force: African Children
By Emily Dugan
Why hasn't the enslavement of African children been prosecuted in UK courts?

You won't see this stuff on CNBC. Grab a story or two and enjoy, and I'll have more for you next week.

Digg!

Tagged as: economy, healthcare, employment, jobs

Joshua Holland is an editor and senior writer at AlterNet.

https://www.alternet.org/images/managed/blogteaser_angry_1187698415.jpg


Bipartisan Concern About the Dangers of McPalin’s Hate-Mongering
"I accuse you of deliberately feeding the most unhinged elements of our society the red meat of hate ..."
Post by Emptywheel. October 10, 2008.
Stock Market Drops 107 Points During Bush's Speech on the Economy
That's the kind of confidence Bush inspires these days.
Post by Amanda Terkel. October 10, 2008.
McCain-Palin Rally Attendees Say Incredible, Ridiculous Things
File this one under the "give 'em enough rope" column.
Post by Seth Colter Walls. October 10, 2008.

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Thanks Joshua For the Insightful Journalism
Posted by: edgar_michel on Aug 23, 2007 2:22 PM   
Current rating: 5    [1 = poor; 5 = excellent]
And also thank Bernie Sanders for sticking up for the United States as well. I have had one person in the “Impeach Bush Movement” confided to me that he believed the United States was an experiment that is being terminated. I have read the Federalist Papers, John Locke. Lord Baron de Montesquieu and I believe that the framers of the Constitution were reading all available works in order to come up with a system that would address the abuses of feudal Europe. Since all European countries have adopted some form of social democracy and are in the process of forming into a republic, if they can ever agree on a Constitution, then it wouldn't be clear why the American democracy would be viewed as a failed experiment if the purveyors of that experiment were adopting it themselves. I believe what happened was that there were two competing proposals emerging in the United States at the time of the compromise at the end of the Wevolutionary War. Notice I don't call it a victory, because it ended in a compromise with England meaning there was no clear victor. I have read in Edward Griffins book, “The Creature from Jekyll Island” where Griffin quotes Mayer Amschel Bauer of Frankfurt Germany from a letter he wrote to perspective investors in a proposal in 1773, that he was going to create a new aristocracy in the world, and that new aristocracy would be based on capital the reins of which would ultimately be held by him. He also said, "I care not who controls the politics of a nation, so long as I control its money, I control that nation. This in itself wouldn't be very interesting except that it was Mr. Bauer that lent Hessian troops to England in order to help it suppress the revolution in America. It was also at the insistence of Alexander Hamilton that the First United States Bank was 80% controlled by private interests, allowing the Bank of England to be able to buy a significant percentage of its shares. The Bank of England was subsequently controlled by Nathan Mayer Rothschild in 1806, essentially giving the son of Amschel Mayer Bauer control over the credit and finance of the United States allowing the growth of an institution in the United States that was from its inception at odds with the idea of a sovereign democratic republic. (See "Review of Stephen Zarlenga’s The Lost Science of Money," by Richard C. Cook) It wasn't until the Civil War under Lincoln that America regained control of it's own currency for a brief period, for which Lincoln was accorded the title of the "most dangerous man on earth," by English bankers. However, with the passing of National Banking Acts of 1863-1864 the United States fell once again into lock-step with private banking interests. In 1913, the Federal Reserve System was railroaded through and we have been piling up debt payable to private interests ever since. (Like I said before, See "Review of Stephen Zarlenga’s The Lost Science of Money," by Richard C. Cook)

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Easy Credit was a key platform of 'Progressivism' in the true, historical form.
Posted by: albrechtkrausse on Aug 23, 2007 7:32 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
One of the main agitations of the Progressives was the inability of the small farmer to get credit. Gold, held by "east coast bankers" made money hard to come by and also credit. The issue of currency (as to the backing, printing, reclaimation, and standard) played major parts of the US (and other countries') history. One of the decisive factors in the Civil War was the difference monetary system by the North (easy credit as 'greenbacks' without gold backing). This idea was later adopted by the Progressives in the Western, Midwestern, and Southern states (not the plantation folks but the small farmers). Ever heard of "Free Silver"? Or Bryan's speech to the Democratic convention "cross of gold"?
So it is indeed funny to hear 'progressives' harping about 'easy credit' but, once again, history is forgotten.....

ps: just like today the 'east coast bankers' figured out a way to screw the 'easy credit' devotee's back then! You see it doesn't matter if it's gold, silver, or paper if the large bankers, certain family, and certain types control the system.

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Luvin' Bernie
Posted by: somegirl on Aug 24, 2007 7:34 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Ha, Josh love the (I-Weluvhim) after Bernie's name.
Same here - now, he is true presidential material. If he would run, I'd drop everything and campaign full time for him.

I had the privilege of working for Bernie right before he entered the political arena and he is one fine human being, full of heart and integrity.

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