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	<title>Click e-News</title>
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	<description>World Headlines Update</description>
	<lastBuildDate>Fri, 03 Sep 2010 21:38:18 +0000</lastBuildDate>
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		<title>Mount Sinabung eruption sends villagers fleeing for the second time this week</title>
		<link>http://clickecart.com/mount-sinabung-eruption-sends-villagers-fleeing-for-the-second-time-this-week/09/6205.html</link>
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		<pubDate>Fri, 03 Sep 2010 21:38:18 +0000</pubDate>
		<dc:creator>Romer Simmons</dc:creator>
				<category><![CDATA[Headlines]]></category>
		<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://clickecart.com/?p=6205</guid>
		<description><![CDATA[Mount Sinabung in northern Sumatra erupted last Sunday, but the explosion on Friday morning was the most powerful yet. The AFP reports that the eruption lasted 13 minutes, sending a column of ash as high as 3,000 meters in the air. Government volcanologist Agus Budianto said the news agency that there had been &#8220;intense magma [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://clickecart.com/wp-content/uploads/2010/09/Indonesia-volcano.jpg" alt="" title="Indonesia-volcano" width="600" height="400" class="aligncenter size-full wp-image-6206" />Mount Sinabung in northern Sumatra erupted last Sunday, but the explosion on Friday morning was the most powerful yet. The AFP reports that the eruption lasted 13 minutes, sending a column of ash as high as 3,000 meters in the air. Government volcanologist Agus Budianto said the news agency that there had been &#8220;intense magma movement&#8221; inside the volcano since Thursday evening. After several days of calm, however, the villagers began returning to their homes Wednesday.</p>
<p>The latest eruption has spread concern that the long-dormant volcano builds up to something more, but Surono, the head of the Indonesian volcano alert center that will one name, said he can not make predictions and will continue to monitor the activity of a station 8 km from the base of Mount Sinabung.</p>
<p>Small eruptions happen again, &#8220;he said, but the fog around the crater prevented observers from knowing the height of the last pen, which appeared about 6:00 Friday evening.</p>
<p>Despite the danger, some residents refused to leave their homes, according to reports from Associated Press. One villager said he had abandoned the villages to protect the few miles from the mouth of the crater against the looters. Those who had just returned after a few days in evacuation centers were very close reluctant to uproot again.</p>
<p>Others were concerned about the eruption that shook the houses and trees along the slopes of the volcano. But Surono said that despite recent activity Sinabung, it is not as dangerous as active volcanoes on the main island of Java.</p>
<p>&#8220;Currently, it is fair to volcanic ash, not casting as Merapi volcano, he said, referring to the volcano in central Java that regularly spits smoke and debris. &#8220;I fear that if people panic and run, it will cause more accidents.&#8221;</p>
<p>First people started to evacuate their homes when Mount Sinabung started spewing clouds of ash on August 26, shocking many villagers and scientists who had never seen a glance of the volcano.</p>
<p>Here August 30, the number of evacuees has reached 30,000 and the Red Cross told a local newspaper that several evacuation camps have faced health problems.</p>
<p>According to reports in the Jakarta Globe, an English language daily, 486 soldiers and 378 policemen were deployed to help distribute aid earlier efforts, and the Ministry of Health has distributed masks and food .</p>
<p>&#8220;We will continue to monitor the volcano to understand where the activity is ongoing and we will give technical communication with local communities,&#8221; Surono said, warning that people living within a radius of 6 km from the volcano will be prevented from returning to their homes until the situation improves.</p>
<p>Indonesia lies on a series of fault lines running through Southeast Asia to Japan known as the Ring of fire because of the frequency of seismic activity. The most famous eruption occurred in 1883 when Mount Krakatoa blew its top, climate change around the world in one of the worst volcanic explosions.</p>
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		<title>Aquino Takes Responsibility for Bus Siege</title>
		<link>http://clickecart.com/aquino-takes-responsibility-for-bus-siege/09/6201.html</link>
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		<pubDate>Fri, 03 Sep 2010 19:32:13 +0000</pubDate>
		<dc:creator>Darien Gilliard</dc:creator>
				<category><![CDATA[World]]></category>

		<guid isPermaLink="false">http://clickecart.com/?p=6201</guid>
		<description><![CDATA[Philippine President Benigno Aquino said today that he takes full responsibility for the outcome of the registered bus that killed eight members of a group of Hong Kong tower. &#8220;At the end of the day, I am responsible for everything that happened,&#8221; partly because he has retained direct control of the police when he formed [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://clickecart.com/wp-content/uploads/2010/09/48840381_jex_787253_de02-1.jpg" alt="" title="48840381_jex_787253_de02-1" width="640" height="360" class="aligncenter size-full wp-image-6202" />Philippine President Benigno Aquino said today that he takes full responsibility for the outcome of the registered bus that killed eight members of a group of Hong Kong tower. &#8220;At the end of the day, I am responsible for everything that happened,&#8221; partly because he has retained direct control of the police when he formed his government in June, Aquino told reporters at Manila. &#8220;What happened last week was an awakening for our security agencies.&#8221;</p>
<p>The eight Hong Kong residents were killed during a bloody confrontation on Aug. 23 when an armed police seized their old bus and demanded his job. Aquino, who was elected in May pledging to increase economic growth by doubling tourism and fight against corruption, is under fire for the treatment of 12 &#8211; hour siege.</p>
<p>Hong Kong, Donald Tsang, Chief Executive said that after the impasse was disappointed with the way the tragedy &#8220;major&#8221; has been treated, saying he could not get through Aquino phone at the time.</p>
<p>&#8220;The president has so far only one thing,&#8221; said Eman Villanueva, Secretary General of the United Filipinos in Hong Kong, an alliance representing thousands of Filipinos working in the city, many servants. &#8220;I think that the leader troops on the ground that day must be identified. &#8221;</p>
<p>Leave</p>
<p>While no one has resigned or been fired, police chief Rodolfo Magtibay Manila, the ground commander during the siege, is on leave of absence.</p>
<p>Interior Sub-Rico Puno said today Aquino summoned to his office to help monitor the situation, even if it was &#8220;unable to handle the hostage.&#8221; Manila Mayor Alfredo Lim said he put up the war room in a restaurant because he s had not eaten yet, which hinders its ability to monitor the situation because the property does not have a TV.</p>
<p>The bus seat can cut the benefit of the Philippine tourism industry 70 million dollars and may frighten some 100,000 tourists from Hong Kong and China, the Philippine Star reported on September 1, citing Tourism Secretary Alberto Lim</p>
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		<title>NFL reduces Pittsburgh Steelers suspension</title>
		<link>http://clickecart.com/nfl-reduces-pittsburgh-steelers-suspension/09/6197.html</link>
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		<pubDate>Fri, 03 Sep 2010 17:24:56 +0000</pubDate>
		<dc:creator>Dana Jones</dc:creator>
				<category><![CDATA[Sports]]></category>

		<guid isPermaLink="false">http://clickecart.com/?p=6197</guid>
		<description><![CDATA[The National Football League reduced the suspension of quarterback Ben Roethlisberger Pittsburgh Steelers to four of six games, the league said. Roethlisberger has been studied earlier this year for alleged sexual assault. He was cleared of the crime in the investigation, but was first struck by a suspended six games of the NFL for what [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://clickecart.com/wp-content/uploads/2010/09/roethlisberger.gi_.jpg" alt="" title="roethlisberger.gi" width="300" height="169" class="alignleft size-full wp-image-6198" />The National Football League reduced the suspension of quarterback Ben Roethlisberger Pittsburgh Steelers to four of six games, the league said. Roethlisberger has been studied earlier this year for alleged sexual assault. He was cleared of the crime in the investigation, but was first struck by a suspended six games of the NFL for what the league called &#8220;conduct detrimental.&#8221;</p>
<p>The NFL said in a statement Friday that Roethlisberger recovery is subject to him &#8220;by continuing to adhere to the program prepared by our consultants and avoid any further violation of personal conduct policy.&#8221;</p>
<p>&#8220;You told me you and the Steelers are committed to make better decisions,&#8221; said Commissioner Roger Goodell in a letter to Roethlisberger, the statement said. &#8220;Your actions in recent months have been consistent with this promise and you must continue to honor that commitment.&#8221;</p>
<p>Roethlisberger, who led the Steelers to Super Bowl titles in 2006 and 2009, faced with the threat of criminal charges after a 20 year old woman accused of raping her in a bar in Milledgeville, Georgia, in March. Counsel for the quarterback said no sexual assault occurred, and prosecutors decided in April that they could not prove that a crime has been committed.</p>
<p>Although prosecutors determined that no charges would be filed, the investigation showed that Roethlisberger had provided alcohol to minor students, &#8220;said Goodell.</p>
<p>With the suspension, Goodell ordered Roethlisberger be a &#8220;comprehensive assessment of the conduct of the medical profession.&#8221;</p>
<p>The Steelers quarterback is not the only player in the NFL for handling allegations of sexual assault. Seven players from the Green Bay Packers have been interviewed as part of an investigation into alleged sexual assaults of two women on June 6 police said.</p>
<p>Six men have been released and are not considered suspects. A seventh man, who was not identified, was also questioned and released, but remains under investigation, according to Lake Delton, Wisconsin, Police Chief Thomas Dorner.</p>
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		<title>Apple Vs Facebook: Facebook Blocking Ping</title>
		<link>http://clickecart.com/apple-vs-facebook-facebook-blocking-ping/09/6194.html</link>
		<comments>http://clickecart.com/apple-vs-facebook-facebook-blocking-ping/09/6194.html#comments</comments>
		<pubDate>Fri, 03 Sep 2010 17:20:37 +0000</pubDate>
		<dc:creator>George Ramos</dc:creator>
				<category><![CDATA[Lifestyle]]></category>
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://clickecart.com/?p=6194</guid>
		<description><![CDATA[Apple showed off the basic integration of Facebook with its new music-based social service network ping, but this feature has disappeared shortly after the users of iTunes Ahold 10. Reason Ping users lost the ability to search for friends on Facebook may be because Facebook has chosen to block access to this feature, according AllThingsD. [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://clickecart.com/wp-content/uploads/2010/09/pingfacebook.jpg" alt="" title="pingfacebook" width="620" height="389" class="aligncenter size-full wp-image-6195" />Apple showed off the basic integration of Facebook with its new music-based social service network ping, but this feature has disappeared shortly after the users of iTunes Ahold 10. Reason Ping users lost the ability to search for friends on Facebook may be because Facebook has chosen to block access to this feature, according AllThingsD.</p>
<p>When Apple CEO Steve Jobs showed off during Ping music-related media event of the company on September 1, 10 seems to iTunes include the ability to search for accounts of users of Facebook for potential friends. When Ping was actually available, however, the option to search Facebook mysteriously disappeared for few users seemed to have access.</p>
<p>According to Mr. Jobs, Apple and Facebook discussed the possibility of collaborating, but Apple finally left the negotiations on the &#8220;onerous conditions that we could not accept.&#8221;</p>
<p>Now it seems that Apple went ahead with its plan to include research in Ping Facebook friend, to be blocked once the service was launched, according to unnamed sources familiar with the matter. Once Apple realized Ping was blocked access encoders Facebooks API functionality from iTunes.</p>
<p>For its part, Facebook seems open to work on an agreement with Apple. &#8220;Facebook and Apple have cooperated successfully in the past to provide large social experiences and we look forward to doing so in the future,&#8221; the company said.</p>
<p>Since the two companies appear to have different ideas about what constitutes an acceptable agreement, it may be some time before Facebook and Apple reached agreement on a deal.</p>
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		<title>iPod Touch is Not Quite an iPhone</title>
		<link>http://clickecart.com/ipod-touch-is-not-quite-an-iphone/09/6191.html</link>
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		<pubDate>Fri, 03 Sep 2010 17:12:19 +0000</pubDate>
		<dc:creator>George Ramos</dc:creator>
				<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://clickecart.com/?p=6191</guid>
		<description><![CDATA[The smartphone without a voice plan is a fantasy that many people share, at least judging by comments from blog and website that I read in the last two years. At Apple&#8217;s press conference on Wednesday, Steve Jobs has hinted that the iPod Touch could do the job, saying that &#8220;many people call it an [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://clickecart.com/wp-content/uploads/2010/09/nixie-ipod4.jpg" alt="" title="nixie-ipod4" width="480" height="360" class="aligncenter size-full wp-image-6192" />The smartphone without a voice plan is a fantasy that many people share, at least judging by comments from blog and website that I read in the last two years. At Apple&#8217;s press conference on Wednesday, Steve Jobs has hinted that the iPod Touch could do the job, saying that &#8220;many people call it an iPhone without the phone.&#8221; He added, half in jokingly, &#8220;It is also an iPhone without a contract.&#8221;</p>
<p>Indeed, the iPod Touch is a leading candidate to become your solution smartphone without contract, thanks to VoIP applications like Skype and line 2, and call management web application Google Voice, but some critical missing pieces into iPod Touch back to the glory of data only.</p>
<p>First, consider how the features of the iPod Touch are more news by telephone, as before. Besides the iPod touch are important additions to his forehead and rear-facing cameras. These allow users to take pictures without dragging a digital camera &#8211; a phone function before signing smartphones has come &#8211; and make video calls on human contact.</p>
<p>With the camera comes two important characteristics: Speakers and a microphone. Although the previous iPod needed an external headset buttons for VoIP applications, Skype conversations can now be conducted by loudspeaker.</p>
<p>This brings me to the first flaw in the iPod Touch as a replacement iPhone. The speakers are nice, but without a real listener &#8211; the speaker silent other, pointing directly into your ear &#8211; iPod Touch are calling everyone&#8217;s business. Your only solution is to synchronize a Bluetooth headset for phone calls private.</p>
<p>More GigaOM Kevin points TOFEL another couple of major drawbacks. He noted that the camera facing the back of the iPod touch is smaller than the iPhone, shooting a mere 960-by-720 resolution, which corresponds to approximately 0.7 million pixels. It&#8217;s worse than any iPhone, ever. More importantly, note the TOEFL, the iPod Touch has no 3G radio, so you do not subscribe to a data plan from him and no GPS, based on triangulation Wi-Fi instead .</p>
<p>I think you can circumvent the problems of data with a mobile access point, such as hotspot without a contract for Virgin Mobile, but it&#8217;s just another device to carry around in addition to the phone and a Bluetooth headset.</p>
<p>If you do not mind carrying three gadgets in your pockets all the time, more power to your smartphone alternative geeked-out with the iPod Touch. The rest of us should expect something else, and pray that when it happens, unlimited mobile data plans are not completely dead</p>
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		<title>Earl may not be a hurricane when it reaches Mass</title>
		<link>http://clickecart.com/earl-may-not-be-a-hurricane-when-it-reaches-mass/09/6188.html</link>
		<comments>http://clickecart.com/earl-may-not-be-a-hurricane-when-it-reaches-mass/09/6188.html#comments</comments>
		<pubDate>Fri, 03 Sep 2010 17:06:12 +0000</pubDate>
		<dc:creator>George Ramos</dc:creator>
				<category><![CDATA[Headlines]]></category>

		<guid isPermaLink="false">http://clickecart.com/?p=6188</guid>
		<description><![CDATA[Hurricane Earl was weakened and may not even be a hurricane anymore when it comes off the Massachusetts coast later tonight, according to the latest projections, but state and local authorities said they were continuing to prepare for a strong storm. &#8220;The good news about Count is that he has ceased to decline, perhaps even [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://clickecart.com/wp-content/uploads/2010/09/Earl-may-not-be-a-hurricane.jpg" alt="" title="Earl may not be a hurricane" width="600" height="335" class="aligncenter size-full wp-image-6189" />Hurricane Earl was weakened and may not even be a hurricane anymore when it comes off the Massachusetts coast later tonight, according to the latest projections, but state and local authorities said they were continuing to prepare for a strong storm.</p>
<p>&#8220;The good news about Count is that he has ceased to decline, perhaps even a little faster than expected,&#8221; Bill Read, director of the National Hurricane Center said in a news conference by phone. &#8220;It may even drop below hurricane strength on the time spent in New England tonight night.&#8221;</p>
<p>Earl&#8217;s maximum sustained winds dropped this morning at 105 miles per hour to 85 miles per hour &#8211; making it a Category 1 hurricane &#8211; as the storm, more than 300 miles of Massachusetts, steamed in the waters more cooler off the mid Atlantic coast.</p>
<p>Forecasters National Weather Service in Taunton predicted this morning that the count would be a Category 1 hurricane when it churns 50-100 miles miles south of Nantucket and evening.</p>
<p>Forecasters said the Massachusetts Nantucket and outer Cape Cod were the only two areas where a brief period of wind gusts of hurricane force of just over 74 miles per hour were expected.</p>
<p>The rest of the southeast coast of Massachusetts may see wind gusts of tropical storm of 50-70 miles per hour.</p>
<p>&#8220;The situation is better,&#8221; said weather service meteorologist Kim Buttrick. &#8220;It seems that it will come in lower than we thought yesterday.</p>
<p>Buttrick said that the service continues to be Hurricane warnings as the hurricane could &#8220;wobble&#8221; in the west and have a greater impact than currently expected.</p>
<p>&#8220;It&#8217;s a hurricane and it has its own life,&#8221; she said. &#8220;We want to err on the side of caution.&#8221;</p>
<p>By late morning, forecasters reduced the size of the hurricane warning area. The area, which on Thursday covered the entire south coast of the state, including Nantucket and Martha&#8217;s Vineyard, was reduced to Nantucket and Martha&#8217;s Vineyard and Woods Hole areas at Sagamore Beach. A tropical storm warning was extended from Hull to the New Hampshire border has been reduced to Sagamore Beach in Hull.</p>
<p>State and local officials have been preparing for several days for the storm and this morning at the White House announced that President Obama had declared an emergency in the state, ordering federal aid to supplement state and local effort.</p>
<p>Governor Deval Patrick said this afternoon during a news conference that the state continues to prepare for the storm very seriously. Among other measures, he said, the National Guard was deployed additional state troopers on duty, search and rescue teams are clearing up, and water and other supplies have been pre-positioned. He also said that utilities have placed more than 1,000 repair crews in the area to be treated slaughtered son.</p>
<p>The plans have not changed, he said, &#8220;because it&#8217;s Mother Nature and she changes her mind quickly. I think probably the biggest difference is that if it remains a Category 1, the recovery and cleanup is even faster. &#8221;</p>
<p>He said it was possible the cleaning would be so fast that it could save some of this holiday weekend for the Cape and Islands businesses.</p>
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		<title>Les Leopold: Is there a Global War Between Financial Theocracy and Democracy?</title>
		<link>http://clickecart.com/les-leopold-is-there-a-global-war-between-financial-theocracy-and-democracy/06/2098.html</link>
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		<pubDate>Fri, 11 Jun 2010 14:00:13 +0000</pubDate>
		<dc:creator>Barbara Finley</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://clickecart.com/les-leopold-is-there-a-global-war-between-financial-theocracy-and-democracy/06/2098.html</guid>
		<description><![CDATA[Senate and House conferees are about to reconcile a financial reform bill that is virtually designed to institutionalize &#8220;too big to fail.&#8221; And when they do we&#8217;ll lose another battle in the ongoing war between global financial markets and democratic nation-states. This war has been going on for decades &#8212; but democracy hasn&#8217;t always been [...]]]></description>
			<content:encoded><![CDATA[<p>Senate and House conferees are about to reconcile a financial reform bill that is virtually designed to institutionalize &#8220;too big to fail.&#8221; And when they do we&#8217;ll lose another battle in the ongoing war between global financial markets and democratic nation-states. </p>
<p>This war has been going on for decades &#8212; but democracy hasn&#8217;t always been in full retreat. </p>
<p><strong><em>The New Deal Conquest</em>:</strong> During the Great Depression democratic forces gained the upper hand in the war. We realized that financial markets, which are driven by the largest banks and financiers, had to be tightly controlled. We knew that global speculation on currencies only deepened the Depression and had to be strictly limited. We knew that an iron curtain was needed between commercial and investment banking to protect Main Street depositors from market madness (that was the Glass-Steagall Act). And most importantly we knew that the key to preventing economic upheaval was to limit the wealth of the super-rich and to increase the wealth of working people through progressive taxes, Social Security, wage and hour laws, and the promotion of unionization. The Bretton Woods agreements forged by the Allies during WWII set up strict rules for global finance, rules that kept financiers in check for more than a quarter century. </p>
<p>And it worked pretty damn well. As economist Joseph Stiglitz points out, this era saw only one financial crisis (Brazil, 1964), and working people in western democracies made huge gains. Since the era of deregulation took hold in the late 1970s, the world has suffered over a hundred financial crises and middle-class incomes have stagnated. </p>
<p><strong><em>The Deregulatory Counter-Offensive</em>:</strong> By the late 1970s, bankers regained the advantage through the spread of a new faith in self-regulated markets. The economic apostles of unfettered markets lobbied against progressive taxes, unions, and social welfare programs. The new orthodoxy was: Let the elites collect the money&#8211;they&#8217;ll invest wisely (instead of consuming), and all boats will rise. This near-religious revolution rapidly spread through the economic and policy establishment. Regulations were dismantled right and left, and the revolving door between government and Wall Street started spinning. The American financial catechism ruled the world. And on Wall Street, the money tap was open. It did not trickle down.  </p>
<p>Then, suddenly, in 2008, the market gods destroyed themselves as the unregulated financial casinos crashed and burned, just like they did in 1929. For a few months, it seemed like the deregulatory theology become a global heresy. It was obvious that Wall Street&#8217;s reckless speculation and its bold new wave of financial engineering had caused the Great Recession. (See <a href="http://www.amazon.com/Looting-America-Destroyed-Pensions-Prosperity/dp/1603582053/ref=sr_1_1?ie=UTF8&amp;s=books&amp;qid=1276196809&amp;sr=8-1" target="_hplink"><em>The Looting of America </em></a>for an accessible account.). It was also clear that if government didn&#8217;t come to the rescue, Wall Street would lay in ruins, along with the rest of the economy. This was the perfect moment for democracy reassert democratic control on financial markets, just as we did during the New Deal. We blew it.</p>
<p><strong><em>The Victory at Too Big to Fail</em>:</strong> At the moment when Wall Street was on its knees, we decided to bypass serious reform. Instead, we rebuilt Wall Street, using taxpayer money and guarantees &#8211; more than $10 trillion worth. We let bankers use our bailout money to pay themselves $150 billion in bonuses &#8212; at a moment when over 29 million Americans were jobless or forced into part-time jobs. We allowed the top hedge fund managers to walk off with over <a href="http://www.huffingtonpost.com/les-leopold/an-open-letter-to-the-ten_b_593096.html" target="_hplink">$900,000 an hour</a> (not a typo) in 2009. Windfall profits taxes? No. In fact we let hedge fund honchos pay an extra-low tax rate by calling their income &#8220;capital gains.&#8221; We didn&#8217;t restore Glass-Steagall, we didn&#8217;t break up &#8220;too big to fail&#8221; financial institutions. In fact the biggest banks became even bigger, courtesy of the U.S. government. </p>
<p><strong><em>The Invasion against Democracy</em>: </strong>The war is escalating. Right now, financial elites aren&#8217;t  just fighting a defensive battle against new regulations. They&#8217;re playing offense: They&#8217;re whipping up deficit hysteria around the globe and calling for drastic cuts in middle class programs. Why? They want to ensure that their loans to governments aren&#8217;t threatened by rising public debt. Ironically, the public debt they&#8217;re so worried about was created in large part by them &#8212; the result of huge bailouts and other expenses stemming from the crash they caused. Although the bankers want us to dismantle what remains of our worker-oriented policies, welfare for the financial elites is still fine and dandy. </p>
<p>This is the most dangerous counter attack in the history of finance. We had better know a great deal more about the attackers. Who makes up this shadowy force called &#8220;global markets&#8221;?  Who fights their battles? Do they have a high command? </p>
<p>Not really. There is no executive committee of financial elites. There&#8217;s no international conspiracy, no Elders of Zion.  Instead these markets are pulled and pushed by about 50 very large banks and financial institutions. This is where much of the nation&#8217;s $2 trillion in hedge fund money roams. This is where the top six US banks frolic. They don&#8217;t have to sit around a table strategizing. They instantly sense threats to their power. They instantly smell profitable openings and they&#8217;re poised to grab what they can, whenever they can. They thrive on turmoil, which gives them new &#8220;proprietary&#8221; trading opportunities to exploit. Volatility means big bucks, especially now that the largest players know that the government will back up even their wildest gambles. History has just proven that they are way too big to fail.  </p>
<p>Of course they still have to lobby government officials&#8211;many of whom either were bankers, or will be once they leave office. But their most powerful lever on government is through the market itself: Here, by moving vast quantities of money around, they can instantly veto policies they don&#8217;t like. If the EU talks seriously about financial transaction taxes, the markets go down the Euro grows weaker, and interest rates rise&#8211;making it more expensive for governments to borrow the money they need to operate. Politicians have learned to &#8220;listen&#8221; to the markets and are conditioned to placate them.  </p>
<p>Should a nation state get out of line (Greece, Italy, Spain, Portugal, etc), the markets slap them silly. Politicians rush to the scene and start slicing social spending. If instead they demand new taxes on financial elites to reduce public debt, the markets respond with even more fury. Money flees.</p>
<p>All the external machinery of democracy still clanks along. We still pull the levers in the voting booth. But the decisions that affect us the most are made in a profoundly undemocratic way. Faceless financial markets exercise far more control over politicians than the voters who elected them. </p>
<p>So the problem isn&#8217;t just the corporate campaign contributions, or corporate media control or the academic consensus supporting our financial theocracy. It&#8217;s the raw power of the markets. They&#8217;ve been roaming free and virtually unregulated for more than a generation, and now their power is unparalleled. Just months after they brought our economy crashing down, they&#8217;re right back to their old tricks, setting the stage for the next crash and the next bailout while getting filthy rich along the way.</p>
<p>Bill Clinton nailed it on the head when he reportedly said:</p>
<blockquote><p>&#8220;You mean to tell me that the success of the economic program and my reelection hinges on the Federal Reserve and a bunch of fxxxing bond traders?&#8221; (See <em>Agenda</em> by Bob Woodward)</p></blockquote>
<p><strong><em>No Retreat, No Surrender?</em></strong> There&#8217;s no room for pacifists in this war. Clearly, Wall Street and its global minions are not seeking a truce. Instead, they&#8217;re coming after our Social Security, Medicare and Medicaid programs. They want us to work longer before we retire and get less when we do. They want us to pay more for health care and get less of it. They want less public money to go to schools, teachers and public infrastructures. And they want us to get used to a jobless recovery with double digit unemployment rates. (And when millions and millions of people are unemployed, we can&#8217;t maintain high labor standards, and our wages and benefits erode.)  In short, they want to undermine all the policies and programs that have built and sustained middle class life. </p>
<p>Already government officials in the UK, Germany and here are telling us we must endure austerity for &#8220;decades to come.&#8221; As Fed Chair <a href="http://www.nytimes.com/2010/06/08/business/08fed.html?ref=business" target="_hplink">Ben Bernanke candidly put it</a>:</p>
<blockquote><p>&#8220;We can see what problems can arise in a country if investors lose confidence in the fiscal position of that country, so it is very important that we address this problem.&#8221;</p></blockquote>
<p>Of course, he&#8217;s not going to point out that this austerity is only for the masses, definitely not for the financial elites. Or that the underlying cause of the debt investors are so worried about is the giant economic crater caused by the very same financial elites who now might &#8220;lose confidence&#8221; in financing a middle class society. </p>
<p>We shouldn&#8217;t kid ourselves about the pitched battles ahead. Fighting back won&#8217;t be easy, and winning will be even harder. People in country after country will have to mobilize themselves in defense of real democracy, in defense of each nation&#8217;s right to provide its people with a decent quality of life. In my opinion, that includes sustainable jobs with decent benefits and a solid public infrastructure that promotes equity, protects the vulnerable and enriches the environment. </p>
<p>Unfortunately, no one can guarantee that democracy will prevail in the war against financial theocracy &#8212; just recall the totalitarian chaos in Europe during the Great Depression.  But don&#8217;t count it out, either. It&#8217;s true that many of us regular folks have been diverted by the media, distracted by the Internet or lulled into a stupor by pharmaceuticals. But when we realize that we&#8217;ve been shoved into a corner with no way out, we&#8217;ll act. A popular struggle will begin. And when it does, we&#8217;ll at least have a fighting chance to recapture our democratic souls.</p>
<p><em>Les Leopold is the author of <a href="http://www.amazon.com/Looting-America-Destroyed-Pensions-Prosperity/dp/1603582053/ref=sr_1_3?ie=UTF8&amp;s=books&amp;qid=1263249223&amp;sr=8-3">The Looting of America: How Wall Street&#8217;s Game of Fantasy Finance destroyed our Jobs, Pensions and Prosperity, and What We Can Do About It</a> Chelsea Green Publishing, June 2009.</em></em></p>
<p>Les Leopold: Is there a Global War Between Financial Theocracy and Democracy? <a href="http://www.huffingtonpost.com/les-leopold/is-there-a-global-war-bet_b_608703.html">via</a></p>
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		<title>PM Naoto Kan: Japan&#8217;s Debt Could Make It The Next Greece</title>
		<link>http://clickecart.com/pm-naoto-kan-japans-debt-could-make-it-the-next-greece/06/2097.html</link>
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		<pubDate>Fri, 11 Jun 2010 14:00:10 +0000</pubDate>
		<dc:creator>Barbara Finley</dc:creator>
				<category><![CDATA[Business]]></category>

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		<description><![CDATA[TOKYO Ã¢Â€Â” Japan could face a financial mess like the one that has crippled Greece if it does not deal urgently with its swelling national debt, the new prime minister warned Friday. While Japan is on firmer financial footing than Greece because most of its debt is held domestically, Prime Minister Naoto Kan&#8217;s blunt talk [...]]]></description>
			<content:encoded><![CDATA[<p>TOKYO Ã¢Â€Â” Japan could face a financial mess like the one that has crippled Greece if it does not deal urgently with its swelling national debt, the new prime minister warned Friday.</p>
<p>While Japan is on firmer financial footing than Greece because most of its debt is held domestically, Prime Minister Naoto Kan&#8217;s blunt talk appeared designed to push forward his agenda, which may involve raising taxes.</p>
<p>Speaking in his first address to Parliament after taking office Tuesday, Kan said Japan cannot continue to let government debt swell while state finances are under pressure from an aging and declining population.</p>
<p>&#8220;It is difficult to sustain a policy that relies too heavily on issuing debt. As we have seen with the financial confusion in the European community stemming from Greece, our finances could collapse if trust in national bonds is lost and growing national debt is left alone,&#8221; he said.</p>
<p>Japan, the world&#8217;s second-largest economy, has the largest public debt among industrialized nations at 218.6 percent of its gross domestic product in 2009, according to the International Monetary Fund.</p>
<p>Kan, who became Japan&#8217;s sixth prime minister in four years after a short stint as finance minister, promised his government would work closely with the Bank of Japan to avoid an increase in deflation and would focus on developing a &#8220;strong and comprehensive&#8221; policy.</p>
<p>Kan has said he will also consider raising taxes, an issue he said previous governments had been too timid to face. A social progressive and a fiscal hawk, Kan said he would announce further details of his economic growth plan later this month.</p>
<p>But he said he aims to have the economy grow by more than 2 percent annually by fiscal 2020.</p>
<p>After amassing a vast public debt and overspending to the tune of 13.6 percent of gross domestic product in 2009, Greece was saved from defaulting on its loans by the first installment of a euro110 billion ($131 billion) rescue package from the International Monetary Fund and the 15 other nations that share the euro currency.</p>
<p>Analysts said Kan&#8217;s warning comparison with the recent development in Greece is an overstatement, since the Japanese investors who hold the majority of the government&#8217;s debt are seen as long-term stakeholders who are less likely to bolt for other, more lucrative markets overseas.</p>
<p>&#8220;Greece had a huge public debt and huge overseas loans,&#8221; said Hiromichi Shirakawa, chief economist at Credit Suisse Japan. &#8220;Japan has a trade surplus, and it&#8217;s a major creditor nation &#8230; I don&#8217;t think Japan&#8217;s fiscal conditions is facing a similar crisis.&#8221;</p>
<p>Instead of focusing too much on fiscal tightening, Kan should simply focus on growth strategy that works for Japan&#8217;s matured economy as the nation&#8217;s population continues to age and shrink, he added.</p>
<p>Kan&#8217;s predecessor abruptly quit last week after he failed to keep a campaign promise to move the Marine Corps Air Station Futenma off the southern island of Okinawa.</p>
<p>Kan is enjoying a jolt of public support, with approval ratings of between 60 and 70 percent boding well for his party heading into next month&#8217;s elections.</p>
<p>His Democratic Party is considering a July 11 date for the polls, but that has caused a row with their coalition partner and prompted its leader to announce in the early hours Friday his resignation from a Cabinet post. The junior coalition party wants instead to extend the current parliamentary session to vote on a key postal reform bill.</p>
<p>PM Naoto Kan: Japan&#8217;s Debt Could Make It The Next Greece <a href="http://www.huffingtonpost.com/2010/06/11/japan-pm-naoto-kan-we-cou_n_608694.html">via</a></p>
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		<title>Delta Puts Kids On WRONG Flight, Issues Apology</title>
		<link>http://clickecart.com/delta-puts-kids-on-wrong-flight-issues-apology/06/2096.html</link>
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		<pubDate>Fri, 11 Jun 2010 14:00:04 +0000</pubDate>
		<dc:creator>Barbara Finley</dc:creator>
				<category><![CDATA[Business]]></category>

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		<description><![CDATA[MINNEAPOLIS Â— Delta Air Lines blamed a paperwork mix-up for sending two children to the wrong cities as they flew under the airline&#8217;s unaccompanied minors program. Delta said the children were connecting through Minneapolis-St. Paul International Airport on Tuesday when they were put on the wrong connecting flights because of a &#8220;paperwork swap.&#8221; Delta spokesman [...]]]></description>
			<content:encoded><![CDATA[<p>MINNEAPOLIS Â— Delta Air Lines blamed a paperwork mix-up for sending two children to the wrong cities as they flew under the airline&#8217;s unaccompanied minors program.</p>
<p>Delta said the children were connecting through Minneapolis-St. Paul International Airport on Tuesday when they were put on the wrong connecting flights because of a &#8220;paperwork swap.&#8221;</p>
<p>Delta spokesman Paul Skrbec on Wednesday said a boy ended up in Cleveland instead of Boston while a girl was sent to Boston instead of Cleveland. He would not release information about the children, citing passenger privacy.</p>
<p>WHDH-TV in Boston identified one of the children as 9-year-old Kieren Kershaw, who was flying alone from Spokane, Wash., to Boston to visit his grandparents when his paperwork was switched with the girl&#8217;s paperwork during the Minneapolis layover. The girl also was traveling alone.</p>
<p>&#8220;It was just weird. I was like, &#8216;I&#8217;m supposed to be at Boston, not Cleveland.&#8217; It was just weird,&#8221; Kieren told the station after eventually landing in Boston.</p>
<p>Kieren said employees apologized to him when he was in Cleveland.</p>
<p>&#8220;&#8216;Sorry for leaving you here when you&#8217;re really supposed to be in Boston,&#8217;&#8221; the boy quoted employees telling him. &#8220;It was kind of nice. They gave me some free food and some Dunkin&#8217; Donuts.&#8221;</p>
<p>Kieren&#8217;s grandfather, Larry Kershaw, criticized Delta.</p>
<p>&#8220;We&#8217;re paying them to check on him and be with him. They just threw him in the plane like anybody else, they didn&#8217;t even ask his name to match the paperwork,&#8221; Kershaw told WHDH.</p>
<p>&#8220;Not only that, there&#8217;s another child, a little girl, that came to Boston. We don&#8217;t even know who she was. So you mean to tell me you mixed up a boy and a girl and the paperwork?&#8221; he said.</p>
<p>Larry Kershaw did not return a phone message left at his Massachusetts home.</p>
<p>Skrbec said he didn&#8217;t have details about how the mix-up happened and said it was under investigation. Delta said the two children were under airline supervision at all times.</p>
<p>&#8220;The situation itself is exceedingly rare, and we take it very seriously,&#8221; Skrbec said. He wasn&#8217;t able to give any numbers on how frequently such incidents happen.</p>
<p>Delta&#8217;s policy for children traveling alone requires unaccompanied service for all children ages 5-14 when they are not traveling in the same compartment with an adult at least 18 years old or the child&#8217;s parent or legal guardian. Under the rules, an unaccompanied child cannot be booked on the last connecting flight of the evening, to prevent the need for an overnight hotel stay. The policy also sets several identification requirements for the child and for the adults dropping off or picking up.</p>
<p>Delta said it has apologized to the families, sent the children to their final destinations at no cost, arranged full refunds for the children&#8217;s tickets and provided credits to the families for future travel.</p>
<p>___</p>
<p>Online:</p>
<p> <a href="http://www.delta.com">http://www.delta.com</a></p>
<p>Delta Puts Kids On WRONG Flight, Issues Apology <a href="http://www.huffingtonpost.com/2010/06/11/delta-puts-kids-on-wrong-_n_608687.html">via</a></p>
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		<title>Paul Abrams: Stop Covering Palin, Beck, Limbaugh, Inflating Their Stature</title>
		<link>http://clickecart.com/paul-abrams-stop-covering-palin-beck-limbaugh-inflating-their-stature/06/2095.html</link>
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		<pubDate>Fri, 11 Jun 2010 10:00:14 +0000</pubDate>
		<dc:creator>Kelly Smith</dc:creator>
				<category><![CDATA[Politics]]></category>

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		<description><![CDATA[&#8220;How long, Cataline, will you abuse our patience?&#8221; -Cicero Sarah Palin, Glen Beck and Rush Limbaugh have figured out what progressive media&#8211;including this publication&#8211;have not. If only heard and commented upon by their own audiences, like Fox and their radiostations and Facebook page, they would not amount to very much. In fact, their utterances are [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;<em>How long, Cataline, will you abuse our patience?</em>&#8221; -Cicero</p>
<p>Sarah Palin, Glen Beck and Rush Limbaugh have figured out what progressive media&#8211;including this publication&#8211;have not.  If only heard and commented upon by their own audiences, like Fox and their radiostations and Facebook page, they would not amount to very much.</p>
<p>In fact, their utterances are designed mostly to get a hearing by the progressive media.  Ed Schultz does &#8220;psychotalk&#8221;.  Keith Olbermann has &#8220;worst people in the world&#8221;.  Liberal bloggers and Rachel Maddow take unending delight in pointing out the hypocrisy, stupidity, factlessness of their pronouncements.</p>
<p>That is exactly what they want. </p>
<p>They play the media and progressive bloggers like violins.  What does Limbaugh say when Palin&#8217;s book is released?  &#8220;This is clearly a woman who loves policy&#8221;.  Predictably, and instantly, cable news and the blogosphere become apoplectic. [I am told there is little if anything in the book about policy].  Limbaugh was rewarded with dishonorable mentions, exactly the publicity he craves, while Schultz/Olbermann/Matthews/Maddow believed, erroneously, that they had &#8220;explained&#8221; to Limbaugh&#8217;s listeners what a crock of BS he is.</p>
<p>They do not care.</p>
<p>The mistake &#8220;we&#8221; make is to assume that these people are actually as embarrassed as you or I would be to make such absurd statements.  They have no capacity for embarrassment&#8211;or, as an old saying goes, they cry all the way to the bank.  Indeed, the more they are pilloried, the higher their stock among the faithful because it shows to their faithful that they are consequential people; and, if you are consequential, what you are saying must have merit, mustn&#8217;t it? </p>
<p>It is not rightwing talk radio or Fox, but the progressive cable networks and the netroots that give them their cache.</p>
<p>What about a different approach?  One in which no one mentions either their names or their nonsense outside of their own little world?  What would happen?</p>
<p>First, they will become even more idiotic, tempting, tempting, tempting the media to report their pronouncements.  Then, they will become angry for lack of coverage.  Eventually, they will be greatly diminished.</p>
<p>Senator Joseph McCarthy (R-WI) basked in the limelight until he was censured by the Senate.  With his gavel gone and the cameras off, he became distraught, bitter, and alcoholic.</p>
<p>Today, McCarthy would have received a cushy position at the Heritage Foundation, where he would have the opportunity of interacting with like-minded people, and appear on Fox as an expert on Communism.  With all the communists surrounding Obama (I think Valerie Jarret&#8217;s grandmother once knew one, so q.e.d), he would be back in his element.  Such a perch might have saved him from alcoholism and premature death (age 48, just 30 months after censure). But it would never be the same for him.</p>
<p>Ignore Sarah, Rush and Glen and they will become just what they are&#8211;inconsequential, spewing hatred and nonsense to their fellow travelers.  If Heritage and other rightwing belief tanks want to purchase advance copies of their &#8220;books&#8221; to make it appear as if they are widely read and influential, let them.</p>
<p>And, no, we do not have to &#8220;expose&#8221; them for fear, like the Hitler they refer to, their views will become widely adopted.  There are many others on the right fringe that espouse similar views, and the ideas can be criticized, and hypocrisy revealed, without referring to the triumvirate. </p>
<p>We do not need to give them air or electronic print recognition to provide them ego-satisfaction and encouragement by thinking that we care about what they say, or do.  </p>
<p>I urge this publication and like-minded ones not to write another article about what Palin said on her Facebook page, or what Beck hallucinated, or Limbaugh contrived.  I also urge my fellow bloggers to resist the temptation to demonstrate their hypocrisy (and, yes, I have succumbed to this, once, myself, when Limbaugh was in hospital in Hawaii and declared it a great system), or idiocy.  Hopefully, the cablenews networks will heed the call as well.  </p>
<p>Eventually, these people will achieve the anonymity they so richly deserve.</p>
<p>Paul Abrams: Stop Covering Palin, Beck, Limbaugh, Inflating Their Stature <a href="http://www.huffingtonpost.com/paul-abrams/stop-covering-palin-beck_b_608596.html">via</a></p>
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