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#OccupyDC: First Protestors arrive at McPherson Square

50 protestors braved rain a dropping temeratures in McPherson Square in Washington DC today. They are only the first. Their numbers are expected to mushroom later in the week when as their own protest picks up steam and the October 2011 protest begins. Stay tuned for further developments.


JP Morgan Press Release: Who Do the NYPD Really Work For?

New York City Police Foundation — New York

JPMorgan Chase recently donated an unprecedented $4.6 million to the New York City Police Foundation. The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. The money will pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD's main data center.

New York City Police Commissioner Raymond Kelly sent CEO and Chairman Jamie Dimon a note expressing "profound gratitude" for the company's donation.

"These officers put their lives on the line every day to keep us safe," Dimon said. "We're incredibly proud to help them build this program and let them know how much we value their hard work."


Denver Post: Photos: Airline Pilots Protest on Wall Street Tuesday, September 27, 2011

Over 700 hundred Continental and United pilots, joined by additional pilots from other Air Line Pilots Association (ALPA) carriers, demonstrate in front of Wall Street on September 27, 2011 in New York City. The pilots want to draw attention to the lack of progress on negotiations of the pilots’ joint collective bargaining agreement ahead of the one-year anniversary of the corporate merger close date of United and Continental airlines.


Alliance for American Manufacturing: The China Job Drain

Posted by the Alliance for American Manufaturing on September 20, 2011-

The growth of the U.S. trade deficit with China since that country entered the World Trade Organization in 2001 has had a devastating effect on U.S. workers and the domestic economy. Between 2001 and 2010, 2.8 million U.S. jobs were lost or displaced. Using a new model, the study by the Economic Policy Institute reveals a first look at how the growing trade deficits cost jobs in every congressional district, including the District of Columbia and Puerto Rico.

Click the image above for the interactive map.

For AAM's full press release, click here:

Protect Our Elections Asks FBI To Expand Its Investigation Of NewsCorp To Include Its Relationship With US Chamber Of Commerce

On August 14, 2011, Protect Our Elections attorney Kevin Zeese wrote a letter to the FBI asking that it expand its investigation of NewsCorp to include (1) its million dollar donation to the US Chamber of Commerce to gut the Foreign Corrupt Practices Act in order to cover up, obstruct and undermine an investigation under the FCPA, and (2) a conspiracy with the Chamber to use private investigators, military intelligence contractors, and law firms to spy on Americans and organizations that they consider threats, either on political, financial or ideological grounds.

Why Don't Corporations Pay Much Higher Taxes Until They Actually Produce Jobs in the US?

-Originally blogged by Mark Karlin on Buzzflash

August 9, 2011- Why don't corporations pay much higher taxes until they produce jobs in America?

After all, workers don't get paid until after they complete their jobs every couple of weeks or so. That's the way companies compensate employees.

So, why not wait to tax corporations at a lower rate until they prove that they are "job creators" in the United States - not overseas?

And every year, the businesses would have to prove that they haven't moved jobs to lower-wage nations, otherwise their taxes will zoom up again.

What Ronald Reagan said about the Soviet Union - "Trust but verify" - should be applied to American business, because they have gotten rock-bottom tax breaks and loopholes - but they mostly use them to increase their profit by employing sweat-shop labor in other nations. As trickle-down economics has played itself out over the last few decades, it has shown that lower taxes for the rich and corporations lead to a very large net loss of jobs in the United States, not an increase.

While Many Americans Struggle to Pay for Food, the Rich Are Back Buying $2495 Pairs of Boots

-Blogged by Mark Karlin on Buzzflash

August 9, 2011- The demand economy has collapsed for the vast majority of Americans. Jobs have been lost, wages have stagnated and the buying power of all but the wealthy dramatically reduced.

But if you are super-rich, according to an August 4 New York Times article, you "are (almost) spending like it's 2006: luxury goods are flying off the shelves, even with the economy staggering."

If you want to walk in the shoes of the ultra-wealthy, it will cost you a few weeks' wages (if you are lucky enough to have a job). According to The Times, "In 2008, for example, the most expensive Louboutin item that Saks sold was a $1,575 pair of suede boots. Now, it is a $2,495 pair of suede boots that are thigh-high."

While most of America struggles with the basic costs of living, even delaying medical care because of high health insurance deductibles (for those who have medical insurance), the rich are on a luxury item buying rampage. According to the Times:

Unstrange Bedfellows: News Corp and Chamber

-Blogged by Abby Zimet on Common Dreams

July 21, 2011-

Plot Gets Thicker Dept: Murdoch's News Corp. is facing charges under a U.S. foreign bribery law. Activist groups have raised concerns about News Corp.’s connections to the U.S. Chamber of Commerce, which has undertaken a pricey lobbying campaign to weaken that law. Now News Corp. has hired the law firm of former Bush A.G. Michael Mukasey, who happens to be leading the Chamber's fight against the law. Hmmm.

Campaign for America's Future: GOP Dogma on Taxes, Spending and Revenue vs. the Facts

-By Robert Borosage

Basic facts and charts  help you take on some of the Orwellian, "ignorance is strength" falsehoods used by conservative leaders to control the economic debate.

Part I: The Tax Lie

Fact: Tax Hikes Don’t "Cripple Job Creation"

Conservatives say they are prepared to blow up the economy by not lifting the debt limit if that is what it takes to avoid raising taxes on the rich – even to avoid closing loopholes that have hedge fund billionaires paying a lower tax rate than their chauffeurs.

“Everything is on the table,” says House Speaker John Boehner, but tax hikes are “off the table” because they would “wreak havoc on the economy” and further cripple job creation.

Press Release: FBI Announces Probe of News Corp

For Immediate Release Contact: Naomi Seligman, 310.617.4577,

FBI Announces Examination Of Rupert Murdoch’s News Corp For Illegal Hacking Of Americans’ Phones, Including 9/11 Victims  Urged Probe Under The Foreign Corrupt Practices Act Earlier This Week

Group Now Asks For Investigation To Include Million Dollar Payments To Weaken FCPA

Washington, DC –  welcomed the announcement today that the Federal Bureau of Investigation (FBI) is opening a criminal examination of Rupert Murdoch’s News Corp for hacking into the phones of United States citizens, including victims of the 9/11 terror attack.  The group urged the FBI to take action in response to the other serious allegations lodged against News Corps in the United States.

Just a Few Ways Corporations Kill Innovation in the United States

- Originally blogged by Mark Karlin on Buzzflash

July 4, 2011- Innovation used to be a hallmark of America, and so I read with interest about a July 4th Declaration of Innovation that declares,

We, the people of the United States of America, hold these truths to be self-evident - that great innovators drive America's unsurpassed economic success; that innovation creates jobs, markets and industries where none existed before; and that innovation moves us forward as a nation, pushing us to succeed and strive for a better tomorrow.

Unfortunately, for far too many Americans, the Fourth of July is a nostalgic celebration of past "glories" rather than future opportunities.

Declaration of Dependence: America's Infrastructure is Being Repaired, By Workers in China

-Originally blogged by Mark Karlin on Buzzflash

July 3, 2011- Did you know that some of America's infrastructure is being repaired after all?

The only catch is that major parts of the work are being done in China, meaning that many US construction workers stay unemployed.

Take for instance the massive $7.2 billion project to rebuild the San Francisco-Oakland Bay Bridge, which was compromised by earthquake damage.

The New York Times reports about a surge of construction employment on American projects such as the bridge, in China:

At a sprawling manufacturing complex here, hundreds of Chinese laborers are now completing work on the San Francisco-Oakland Bay Bridge.

Next month, the last four of more than two dozen giant steel modules - each with a roadbed segment about half the size of a football field - will be loaded onto a huge ship and transported 6,500 miles to Oakland. There, they will be assembled to fit into the eastern span of the new Bay Bridge.

Global Corporations Crush Small Businesses and Then Blame It on the Government

-Originally blogged by Mark Karlin at Buzzflash, June 20, 2011-

When Chris Wallace of Fox interviewed Jon Stewart over the weekend, he thought he was scoring a point when he bragged that Fox "news" viewers love the network. Stewart, always quick on the draw, responded that although this may be true, study after study shows that Fox viewers are the most misinformed on television.

BuzzFlash at Truthout encounters this constantly in comments and emails that we receive in response to the BuzzFlash blog columns. Fox viewers often base their statements on Fox "manufactured facts" that are simply not true.

One of these points is that big government is strangling small businesses, which are the backbone of the American economy. But the reality is that large corporations, particularly American-based global corporations, are slowly killing many small businesses, as we have noted before.

Think of small businesses that used to be in abundance: for example, hardware stores, pharmacies, appliance stores and shoe stores, among others.

LA Times: Corporate political transparency ratings

Many of America’s most powerful companies do not report how much they spend to influence elections and legislation. These companies contribute millions of dollars to powerful trade associations and to other politically active groups that are not required to report the sources of their funding.

Those groups, in turn, spend the money on lobbying and other political activity. The Los Angeles Times reviewed how the 75 largest publicly traded companies in the energy, healthcare and financial services sectors disclose their political giving on their corporate websites. 



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