The Dollar’s Not Almighty Anymore: A Little Dose of Fear Among the Elite Can Be a Good Thing

Shanghai — I was talking yesterday with the chief financial officer of a US-based drug firm that operates here in China, producing for the Chinese market, and got an up-close look at how bad things are for what used to be called the Almighty Dollar.

The company in question, a joint venture between a very profitable U.S. drug company and a local Chinese company, is quite profitable itself.

The guy was explaining to me that his firm needed to add another factory, because the one they had was running full-tilt and couldn’t keep up with demand. That might sound like a simple problem, and one that most enterprises would be happy to confront, but the shrinking US dollar, and concerns in China about inflation, complicate things.

You would think that it would be a simple matter of the parent company’s sending over the $50 million or so that it would cost to build the new plant and that would be that, but it turns out that the dollar is falling so fast against the Renminbi (RMB), the Chinese local currency, that no contractors or other vendors necessary for setting up a new facility are willing to accept it as payment. That means the company has to try and come up with the construction costs in local currency.

I won’t go into the arcane machinations that involves, except to say that Chinese financial authorities and the country’s central bank, the People’s Bank of China (PBOC), aren’t letting local banks or foreign-owned banks with offices in China lend money without going through a tough approval process, the outcome of which is iffy, and they are setting interest rates at 6.5% for those loans they do approve, which is a pretty stiff rate to have to live with. So there are no easy options.

The important point is that the dollar is being viewed here in China the way people in the U.S. have long viewed Mexican pesos… or Chinese RMB.
The dollar doesn't buy as many RMB as it used to, and now nobody even wants it in ChinaThe dollar doesn't buy as many RMB as it used to, and now nobody even wants it in China

'Occupy London' Starts Church Row

London–Sam Berkson, widely known in England as “Angry Sam,” the competition-winning performance poet, stood on the steps of London’s historic St. Paul’s Cathedral recently reciting one his latest works to an assembled throng gathered at the Occupy London site – a parallel protest to the Occupy Wall Street in New York City.

“Moral messages with twisted policies…Liberty costs money, forget equality…No fraternity, it’s been like this for an eternity,” Berkson said in rhythmic voice.

Occupy London participants set up their encampment in the square outside the famous landmark – one of London’s top ten tourist attractions – after a court injunction barred them from occupying the square in front of the London Stock Exchange less than two blocks away.

Like similar demonstrations around the world, organizers for Occupy London say they are highlighting social and economic injustice, which is as severe in Britain as in the US.

Britain is currently being run by a conservative government in coalition with the Liberals, another conservative party, and this government has been instituting harsh austerity measures which are hammering the most vulnerable members of society. For example disabled persons are being compelled to find jobs or risk losing their already meager government benefits.

The “current examinations to assess fitness to work [approves] two-thirds of claimants as fit, including those with terminal illness,” wrote Claire Glasman of the disability rights group Winvisible in a comment posted on the website of the Crossroads Women’s Centre located in North London.

Blasting government budget priorities, Glasman wrote, “Bankers and politicians have come off relatively unscathed. Why should the most vulnerable pay to clear up their mess?”
Diane Richards experienced police abuse first hand when 30 London cops raided a hair salon she was a client atDiane Richards experienced police abuse first hand when 30 London cops raided a hair salon she was a client at

Free Mumia Abu-Jamal Now: 30 Unconstitutional Years on Death Row are Enough!

With Mumia Abu-Jamal’s sentence of death now formally vacated, thanks to the Supreme Court’s decision last week not to consider an appeal by the Philadelphia District Attorney of a Third Circuit Court panel’s ruling that that sentence had been unconstitutional thanks to flawed jury instructions from the trial judge and a flawed jury ballot form, many of those who have long called for his execution are now saying, fine, let him rot in prison for the rest of his life.

The Philadelphia Inquirer, the leading newspaper in his hometown of Philadelphia, in more genteel language, said essentially the same thing in an unsigned October 13 editorial, opining that with the death penalty vacated, the default sentence of life in prison without parole was “appropriate” and “in the best interest of justice.”

The editorial urged DA Seth Williams not to exercise his right within the next 180 days to seek to obtain a new death sentence by asking for a new jury trial on the penalty only. The paper made this plea not because the editors felt such an effort to re-sentence him would be unseemly, but because of the cost to the struggling city of Philadelphia.

But hold on here. Putting aside for a moment the matter of whether Abu-Jamal was even fairly convicted in a trial that was viewed as a shameful farce at the time in 1982 even by the editors of the Inquirer, is it really “in the best interest of justice” or in any way “appropriate” for Abu-Jamal to simply be switched over from a death sentence to a sentence of life in prison without parole, now that, as the Inquirer correctly noted in its editorial, “four federal judges have ruled that Abu-Jamal’s 1982 death sentence was unconstitutional,” and that “he was denied a fair sentencing at his original trial.”

No. It is manifestly not just or appropriate!
Abu-Jamal no longer has a death sentence, but remains on solitary on death row thanks to a vengeful or gutless DAAbu-Jamal no longer has a death sentence, but remains in solitary on death row thanks to a vengeful, or gutless, DA and supine judges

Crossing the Black Path

It is the end of the day.

The trouble is we are dying. . .
Nobody talks like that,
But surely the setting sun understands this language.
But the wind,
If you want the wind to hear now, you shout.

The wind is busy mocking the weather report.
There is a turbine on the ridge that needs to turn,
A roof to blow off,
A flower to stir,
A prayer to deliver,
An old eagle to loft. . .

Shout: The trouble is we care!

The clouds travel over us
And sometimes look down!

Don’t let us be road kill!

We are crossing now,
Almost to the double line now.
There is a roaring in our ears;
We are just like turtle, moving from swamp to pond,
Deer in search of cover,
Making a dash for it,
Mouse racing the juggernaut!

Eagle is scanning in our direction,
But not for us my sister,
And not for the tear in which
Our fear is reflected, my brother.

How can anything be understood
Amidst this cacophony of prayer?
All this crazy praying
For all the things
That were once given. . .

Because we are crossing now
We are praying.
Our fear is praying for us!
So small, so small in time and space.
Is this really all we are?

Is this really our day to die?
Our warm bodies full of blood and breakable. . .
Fathers and mothers and children crossing.

Naked, anxious,
Leaving one side to cross to the other.

This black path
We are crossing. . .
With respect, we pray,

Let us cross!

Flushing out the Corporate Corruption: Occupy Government

They worked many late night hours since this past spring creating a unique vehicle – part grassroots initiative and part cutting-edge technology – for countering the most corrupting force in American politics today: corporate dominance now controlling too many elected leaders on Capitol Hill.

Months before the Occupy Wall Street movement captured attention, inspiring millions across America while alarming this nation’s political/corporate class, they began fashioning plans to enable honest people to run for elected office.

Liz AbzugLiz Abzug

A problem was how to get those honest, regular people to run for Congressional office without the need for those candidates to seek or accept money from lobbyists just so as to be able to afford the purchase of the TV ads traditionally presumed as essential for effective campaigning.

Their solution: new open source software that affords candidates opportunities to get their messages to voters with full transparency, in tandem with social media, thereby circumventing another scourge of campaigning, the staged manipulation of traditional televised political debates.

On October 17th – the one month anniversary of Occupy Wall Street – they launched OccupyGovernment.org during an informational activity at ground zero of the Occupy Wall Street effort: the former Liberty Plaza Park now known as Zuccotti Park in New York City.

The immediate goal of the non-partisan OccupyGovernment.org is to elect a majority of new corporate-money-free representatives in Congress next year, thus flushing-out those congresspersons on both sides of the political isle that are beholden to the interests of corporations and private wealth, including the Tea Party- aligned representatives awash in Koch Brothers cash.

Bring In The Drones: Provocateurs and Moral Protest

 
As far as anyone knew I was part of this cause — a cause that I had infiltrated the day before in order to mock and undermine in the pages of The American Spectator — and I wasn’t giving up before I had my story.

Patrick Howley
Editorial Assistant, The American Spectator
 

Here’s a story from the annals of fools posing as journalists.

After a pepper spray melee October 8th at the Smithsonian National Air and Space Museum in Washington DC in which several people I know were painfully sprayed, it was revealed that one of at least two provocateurs whipping up the guards and cops was a writer from a right-wing magazine, The American Spectator.

Op-ed News photographer Cheryl Biren was at the museum and noticed a beefy man in a black t-shirt whose aggressive actions seemed to her the actions of a “provocateur.” She sent out a query with 27 shots of the man to see if anyone knew who he was. He’s seen charging a guard in Biren’s photo below; the man directly behind him in a tan jacket is American Spectator Editorial Assistant Patrick Howley.

Those of us who have worked for decades as non-violent antiwar peace activists talk about these sorts of individuals in cretinous terms. They are the bane of our existence. Why? Because they intentionally whip things up to a frenzy to distract from a protest’s intended message. They do this by provoking the police into what might be termed cop-riot-mode where they feel the need to indiscriminately whack people with batons and/or spray them with pepper spray.

This is exactly what happened October 8th at the Air and Space Museum, where these men and possibly others shoved their way into the museum lobby and went a long way toward creating a melee out of what was to be a moral protest of the US drone program.

 Cheryl Biren/opednews.comPatrick Howley is behind the beefy man, here, shoving his way into the museum lobby. Photo: Cheryl Biren/opednews.com

The Economist, a respected international news magazine, wrote about Howley’s operation in the Air and Space Museum and called him a “conservative jackass.” The online Economist writer M.S. was making both a reference to the TV show “Jackass,” where people do stupid, dangerous things on camera, and, presumably, reflecting on Howley’s thinking as he was rushing around in the Air and Space Museum like John Wayne hitting the beach at Iwo Jima.

Yes, It Is Immoral to Vote for Obama

Mike Whitney wrote a great column recently titled “Is It Immoral to Vote for Obama?” Based on Obama’s predilection to kill large numbers of people around the Middle East in pursuit of foreign policy objectives, Whitney argued, it would indeed be immoral to vote for him. He isn’t the lesser of two evils. He is worse than Bush, which makes him evil, period.

I would argue that it is immoral to vote for Obama because he is guilty of the negligent homicide of 70,000 American citizens every year.

Consider what negligent homicide is. Legally it means that somebody died, and that the defendant should reasonably have been aware of the risk and instead of doing something to stop it, he “intentionally, knowingly or recklessly” acted in such a way that the death occurred.

Ethically, it means that you could have prevented a death at little or no risk to yourself, and you chose not to. It means that if you see a child crawl into a refrigerator and shut the door, and you don’t let him out, you bear responsibility for his death.

Now consider what Obama did on September 2. It was Friday before Labor Day, an infamous date almost every year because politicians use it to announce things that make them look bad. Most voters are traveling for the long weekend and aren’t paying attention. So just the choice of date proves he was aware that his decision was rotten, just as flight indicates consciousness of guilt.

He announced that day that he would not implement new regulations recommended by his own Environmental Protection Agency that would have cut the amount of smog we all inhale with every breath.
Obama cut the rules that limit air pollution by utilities and other major pollutersObama cut the rules that limit air pollution by utilities and other major polluters

Occupying America: Sowing the Seeds of a Second American Revolution

“There are combustibles in every state which a spark might set fire to.”
— George Washington’s letter to General Henry Knox concerning the
Shay’s Rebellion, 1786

 

One month ago, a group of some 1000 demonstrators gathered in Manhattan’s Zuccotti Park to protest the pillaging of the nation’s economy by powerful corporations and international houses of high finance. While these young activists were entirely peaceful, they also made it clear that this would be no hippie-dippy flower-twirling love-in, sit-in, teach-in, or even a camp-in; this was an occupation. The demonstrators announced that they intended to Occupy Wall Street 24/7, staying until hell freezes over if need be.
 
The New York City police welcomed them warmly with pepper spray and more than a few violent smack-downs, even going so far as to arrest some 700 protesters on the Brooklyn Bridge who werelured into a position where they could be charged with blocking traffic.
 
After video of these outrages went viral on the Internet, a wave of righteous indignation swept the land. Hastily-formed Occupy groups proclaiming themselves in solidarity with the NYC protesters began to spring up in big cities and small towns across America. At first it was just a handful: 20-30 groups in the first week, growing to a few hundred in the second week, then rapidly mushrooming to today’s current total of 1,947 cities around the globe.

The most common critique leveled against the Occupy demonstrators is that they don’t seem to have a plan. “Disorganized,” “unfocused,” and “aimless” are buzzwords the movement’s detractors — both liberal and right-wing — like to toss around. Last week former President Bush’s key political adviser Karl Rove cynically opined in the Wall Street Journal that Democrats should distance themselves from the Occupy Wall Street movement to avoid alienating potential voters in 2012.
 
And it’s true that even those Americans who are in fact part of the 99% and generally support OWS’s principles are themselves unclear as to what the protesters ultimately want and how exactly they are going to accomplish it. What are their demands? How long are they going to keep this up? Have they proposed any concrete solutions? But that’s an awful lot of pressure to put upon a spontaneous social movement that is only little over a month old.
Sign on the side of a tent at the Occupy Oklahoma City encampment (photos by Lori Spencer)Sign on the side of a tent at the Occupy Oklahoma City encampment (photos by Lori Spencer)

All Hail the Unknown Organizer!!!

Liberated Autonomous Manhattan — In a century, community organizers will still be debating what to call Zuccotti Park/Liberty Plaza/Liberty Square. The surrounding skyscrapers will be covered with luxuriant tomato vines hanging from rooftop organic gardens. Electricity will be generated by solar panels and fermenting compost. Inside, the skyscrapers will be humming with intense conversation at the Occupy Education Graduate School of Revolutionary Studies, open to anyone willing to teach everyone wanting to learn.

Visitors to the park will meander through meticulously maintained sidewalks that wind in fractals through authentic tarps and wet sleeping bags from the early 21st century. Scent generators will alternately waft herbal cigarettes, sandalwood incense and mildew into the breeze.

In the center of the park will stand a 100-foot statue, cast from the bronze of the long forgotten Wall Street bull that was melted down in 2014 and recast as a 5’1” woman in a windbreaker, waving a big red flag. On the marble pedestal, it shall be carved: THE UNKNOWN ORGANIZER. And below it there shall be some beautiful words, maybe a sonnet, written about October 15, 2011, when The Unknown Organizer, who looked at a distance to be in her 30s, led a contingent of 500 brave revolutionaries from the 10,000 massed in Washington Square Park to defend 20-odd people who were being arrested for the crime of withdrawing their own money and closing their accounts at Citibank, one of the most corrupt, heartless and stupid institutions in all of corrupt, heartless and stupid Wall Street.

The unknown organizer in a movement that has no leadersThe unknown organizer in a movement that has no leaders

It will be written that the 500 volunteers followed The Unknown Organizer from the center of Washington Square Park to the sidewalk at the southern entrance where she waved her red flag in a “Halt!” gesture and asked, “Hey, does anyone know where LaGuardia Place is?”

Somebody did know, and we marched for a few minutes east and south to a Citibank branch where a couple dozen cops, decked out in their body armor and black uniforms and riot helmets, were standing in the middle of LaGuardia Place nervously tapping their extra-long batons.

It's All Here: TCBH! Coverage of the First Three Weeks of the Occupation Movement Sweeping the Nation

Spies and Provocateurs: Police Spying on Occupy Movement not Likely Limited to Los Angeles
The spies and provocateurs sent into the Occupy encampment in Los Angeles by the LAPD are certainly just the tip of the iceberg, says Dave. We need to find the rest of them. It seems likely most of any violence coming from Occupiers was actually the work of those police provocateurs.