Tuesday 1 February 2011
Mubarak Says He Won't Run for President Again
David D. Kirkpatrick and Mark Landler, The New York Times News Service: "President Hosni Mubarak of Egypt said he would not run for another term as president of Egypt. His decision came after President Obama told the embattled president of Egypt, that he should not run for another term in elections scheduled for the fall, effectively withdrawing American support for its closest Arab ally, according to American diplomats in Cairo and Washington."
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Robert Pollin | Back to Full Employment
Robert Pollin, Boston Review: "Employment conditions in the United States today, in the aftermath of the 2008-09 Wall Street collapse and worldwide Great Recession, remain disastrous - worse than at any time since the Depression of the 1930s. Since Barack Obama entered office in January 2009, the official unemployment rate has averaged more than 9.5 percent, representing some fifteen million people in a labor force of about 154 million. By a broader definition, including people employed for fewer hours than they would like and those discouraged from looking for work, the unemployment rate has been far higher - 16.5 percent, on average."
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Jordan's King Dismisses Cabinet as Tremors Spread Through Region
Ranya Kadri and Ethan Bronner, The New York Times News Service: "King Abdullah II of Jordan fired his government in a surprise move on Tuesday, in the face of a wave of demands of public accountability sweeping the Arab world and bringing throngs of demonstrators to the streets of Egypt. The Jordanian news agency Petra announced that after recent protests in Jordan itself, the king had dismissed Prime Minister Samir Rifai and replaced him with Marouf al-Bakhit, a former general and ambassador to Israel and Turkey. He is widely viewed as clean of corruption."
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White House Vows to Implement Health Care Reform, Despite Judge's Ruling
Warren Richey, The Christian Science Monitor: "Senior administration officials vowed on Monday to continue with the full implementation of President Obama's health care reform law despite a federal judge's decision declaring the law unconstitutional and void in its entirety. 'This is not the last word by any means,' a White House official told reporters in a background briefing. 'We are quite confident it won't stand.'"
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Crashing the Koch's Billionaire Caucus
Lindsay Beyerstein, The Media Consortium: "Oil barons Charles and David Koch held their annual billionaires' summit in Palm Springs on Sunday, Nancy Goldstein reports in The Nation. Every year, the Kochs gather with fellow plutocrats, prominent pundits, and Republican legislators to plan their assault on government regulation and the welfare state. This is the first year that the low-profile gathering has attracted protesters."
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Largest Crowds Yet Demand Change in Egypt
Anthony Shadid and David Kirkpatrick, The New York Times News Service: "Hundreds of thousands of Egyptians poured into Tahrir Square on Tuesday in scenes of jubilation and protest that cut across Egypt's entrenched lines of piety, class and ideology, marking the largest demonstration yet against the nearly 30-year rule of President Hosni Mubarak and energizing a country that feels on the cusp of change."
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A New Arab Street in Post-Islamist Times
Asef Bayat, Foreign Policy: "The popular uprising in Tunisia has surprised many - Western observers, the Arab elites, and even those who have generated this remarkable episode. The surprise seems justified. How could one imagine that a campaign of ordinary Tunisians in just over one month would topple a dictator who presided over a police state for 23 years? This is a region where the life expectancy of 'presidencies' match only the 'eternal' rule of its sheiks, kings, and Ayatollahs who bank on oil and political rent (western protection) to hang on to their power and subjugate their people."
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Nothing-Backed Securities
P.X. Casey, Truthout: "Is it a good idea to let the foreclosures roll on? Absolutely, say the banking and mortgage industries, among others. 'Home repo' is critical to economic recovery, they argue. Stopping foreclosures would cut the legs off of a still wobbly rebound. In the industry's view, the fewer foreclosures, the fewer resales; the fewer resales, the more depressed the home prices and the greater the losses; the greater losses, the less capital to lend. And we are back on the precipice of depression."
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Spain's Troubles Are Tied to Eurozone Policies
Mark Weisbrot, The Center for Economic and Policy Research: "It has become fashionable since Spain's economy began to decline to make comparisons to Germany, which is rebounding strongly. The idea is that the Germans went through their restructuring, got organized labor under control, and thereby made their economy more competitive. According to this narrative, this is the key to their economic success - so Spain should do the same if the Spanish economy is to recover. This fits well with various stereotypes of Germans as disciplined and hard working, willing to do what is necessary to be competitive in the global economy, while their counterparts in Europe's periphery are seen as undisciplined and indulgent. However, the story does not fit the economic facts very well."
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Paul Krugman | Perpetual Pessimism at Central Bank
Paul Krugman, Krugman & Co.: "Jean-Claude Trichet, the president of the European Central Bank, is sounding hawkish about inflation again, indicating in interviews that the bank will raise interest rates if officials see the need, even as countries struggle to recover from debt crises."
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Clay Bennet | Ocracy
In Clay Bennet's latest editorial cartoon, Egyptians remove the "aut" from their "autocracy," and consider its replacement.
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EcoTipping Points: Strategies for Shifting From Decline to Restoration
Gerald Marten, YES! Magazine: "Most environmental stories we hear are tales of decline. In complexly interwoven natural systems, one ecological problem, such as loss of a forest, often leads to many others. It becomes hard to imagine stopping the downward spiral, much less reversing it. But it can be done."
Read the Article Click here for more Truthout articles TRUTHOUT'S BUZZFLASH DAILY HEADLINES | | |
What do Hosni Mubarak and the major United States cable companies have in common? They have banned Al Jazeera. That's a shame, because Al Jazeera has great "on the ground" coverage and literally speaks the language of the tumultuous happenings in the Middle East. But in 99 percent or so of America, the only place you can follow Al Jazeera's English channel is on a live feed on the Internet. According to The New York Times, "cable and satellite companies in the United States have largely refused its requests to be carried." As you can read in a 2004 BuzzFlash interview with the director of"Control Room," the riveting documentary on the network, Al Jazeera is a Western-style news operation. It is owned by the oil-rich and pro-US Qatar government. Reporting with the kind of vigor you expect from serious journalism, Al Jazeera takes on all comers. During the invasion of Iraq, the US bombed the Al Jazeera Baghdad bureau from the air and killed a staff member. Currently, the Palestinian Authority claims that Al Jazeera reported on an embarrassing story in collusion with Israel. Al Jazeera must be doing something right. It is a station that manages to tick off a lot of governments and movements, as well as corporate broadcasting in America. Mark Karlin
Editor, BuzzFlash at Truthout Liberal Groups Want a More Aggressive Job Creations Program
Read the Article at The Hill Russia Protests: Hundreds Rally Against Putin
Read the Article at AP Twitter Helps Protesters Circumvent Internet Ban in Egypt
Read the Article at CNN Uncloaking the Kochs: Hitting the Streets for Economic Justice
Read the Article at BuzzFlash Kristof: Exhilarated by the Hope in Cairo
Read the Article at The New York Times An Outrage: Republican House Proposes a Bill to Redefine Rape
Read the Article TPM Condi's Bizarre Relocation Plan for the Palestinians
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