RT– Republicans and Democrats were deadlocked as a government shutdown loomed. Republicans refused to budge without spending cuts. A deal was struck and a shutdown averted. In the end overall spending still increased. “Total discretionary outlays in 2011 will be $3.2 billion higher as a result of the legislation, CBO estimates–an increase of $7.5 billion for defense programs, partially offset … Read More
economy
PR Industry Fills Vacuum Left by Shrinking Newsrooms
Gallery
PROPUBLICA– The Gulf oil spill was 2010’s biggest story, so when David Barstow walked into a Houston hotel for last December’s hearings on the disaster, he wasn’t surprised to see that the conference room was packed. Calling the hearing to order, Coast Guard Captain Hung Nguyen cautioned the throng, “We will continue to allow full media coverage as long as … Read More
Noam Chomsky: Is The World Too Big To Fail?
Gallery
SALON– The democracy uprising in the Arab world has been a spectacular display of courage, dedication, and commitment by popular forces — coinciding, fortuitously, with a remarkable uprising of tens of thousands in support of working people and democracy in Madison, Wisconsin, and other U.S. cities. If the trajectories of revolt in Cairo and Madison intersected, however, they were headed … Read More
1 in 5 US Veterans Jobless in 2010
Gallery
PRESS TV – Recent data released by the United States Bureau of Labor Statistics shows that more than one fifth of US veterans aged between 18-24 returning from Iraq and Afghanistan were unemployed in 2010. The unemployment rate for the young male veterans was nearly 22 percent last year, more than two percent higher than their non-veteran counterparts, a press TV … Read More
Japan Consumers May Bail Out Nuke Plant Owner
Gallery
MSNBC – Japanese consumers would be on the hook for nuclear damage payments and earthquake reconstruction costs under two tax plans the government is considering, officials said Tuesday. The Kyodo News agency said one plan would raise electricity customers’ charges to help cover claims against Tokyo Electric Power Co. from people who suffer losses from the crisis at the Fukushima … Read More