"All The News You Never Knew You Needed To Know ...Until Now." December 08 2010 Travus T. Hipp Morning News & Commentary: INFORMATION SUPPRESSION RED ALERT! If You Are Within The Sound Of My Voice DO NOT Point Your Browser To WikiLeaks![Pop Out Player? Click Here] Prefer An MP3 Playlist? It's Here: [128kbps MP3 11:09 Minutes] Other Audio Formats Available [ Here ] Twitter This Commentary |
In The News:
Thanks this morning to ChrisM, my MP3Angel, for supplying the news and commentary audio files.
Some Democrats are refusing to surrender to president Obama's tax break deal and move to the economic right. In an unusual evening caucus yesterday the Blue Dog Democrats not unusually threatened to act like Republicans if the Progressive wing of the party forced changes to a bill that allows the rich to keep their tax breaks and allow the out-of-work to keep their unemployment, if they were ever even eligible.
...and if you're expecting employment... Good luck with that:
If you're a college student, DO note: "Unemployment Up Among College Graduates"... to the tune of 5.1%, the highest since 1970 when records were first kept.
After Friday's grim jobs data, which showed that the U.S. added just 39,000 net jobs in November, it's worth noting again just how severely the recession has impacted the job market.
This disturbing chart -- repeatedly referred to as "the scariest job chart ever" by Henry Blodget -- from Calculated Risk shows, in percentage terms, how the job market has failed to rebound at the rates seen after previous recessions. "This is by far the worst post-WWII employment recession," Calculated Risk notes.
With 15 million officially unemployed, the job situation may actually be worse than the headline figures. As HuffPost's Peter S. Goodman noted, some 17 percent of Americans couldn't find enough work or had given up looking for work in November. Among black Americans the unemployment rate hit 16 percent, compared to 9.8 percent nationally.
All of which makes it even more troubling that 4 million Americans are set to lose unemployment benefits even if Congress passes an extension to the 99-week limit, as HuffPost's Shahien Nasiripour reported last week. As millions of Americans lose a crucial source of income, the economy is sure to suffer as a result.
The social costs of a mass lapse in unemployment benefits could be even more devastating. "Look for homelessness to rise and food lines to get longer as we approach Christmas if the situation can't be resolved," Diane Swonk, chief economist at Mesirow Financial, told the AP. [Huffington Post with more]
There's still a lot of federal legislation that has to happen soon... for instance appropriations bills for EVERY DEPARTMENT OF THE US GOVERNMENT which were supposed to be passed by the beginning of October are being held in abeyance, and at last years funding levels, by a short term Continuing Resolution.
President Obama also held a press conference yesterday. Obama admitted the US public was being held hostage by the millionaire interests and how he was not able to break the Republican on the issue of taxes. But he claimed there will be no quarter given in any future legislative battles.
Proving once again that real politics comes from the barrel of a gun.
This video displays well in Full Screen mode
In OTHER News:
Open source warfare... proxy to proxy with the American shadow government. They don't stand a chance.
"The more the dinosaurs thrash around, the faster they sink themselves into the quicksand.
This is Armageddon in the networks vs. hierarchies war, and we’ll have their bleeding heads on our battlements." (Source...)
...and it was so: "Hackers take down site of bank that froze WikiLeaks funds"
More here:
The forces of Anonymous have taken aim at several companies who are refusing to do business with WikiLeaks. 4chan's hordes have launched distributed denial-of-service attacks against PayPal, Swiss bank PostFinance, and other sites that have hindered the whistleblowing site's operations.
A self-styled spokesman for the group calling himself "Coldblood" has said that any website that's "bowing down to government pressure" is a target. PayPal ceased processing donations to the site, and PostFinance froze WikiLeaks founder Julian Assange's account.
The attacks are being performed under the Operation: Payback banner; Operation: Payback is the name the group is using in its long-running attacks on the RIAA, MPAA, and other organizations involved with anti-piracy lawsuits... [Continued]
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