Category: 9. Corporate Power is Protected
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White House Deems 'Rich Richer, Poor Poorer' Just Not Interesting
From Smirking Chimp: Tony Fratto, a White House spokesman, said the fact that nearly all of the growth in incomes was among those in the upper reaches of the income ladder and that the majority of investment tax breaks went to those making more than $1 million ‘is not a very interesting story.’
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Only 2 Countries Allow Drug Ads on TV
Talk to your doctor: Q: How many countries in the world allow prescription drug commercials on television? A: 2. Q: Which ones? A; The U.S. and New Zealand.
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Jim Cramer Loses His Mind on Live CNBC
Holy shit. [youtube]GKZgfrsItmw[/youtube]
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GE Bails Out of Sub-Prime Market
(via Reddit) General Electric (GE), the US conglomerate, confirmed today that it is offloading its sub-prime mortgage business as American-based banks increase the number of foreclosures (or repossessions) on homeowners with a poor credit history.
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Wolfowitz's Apology: Don't Hate Me Because I Helped Launch The Iraq War
Think Progress Wolfowitz tried to explain away his behavior, claiming his mistakes were made because “he had to deal with it when he was new to this institution and trying to navigate in uncharted waters.” He added that criticism of him should not focus on his role in the Iraq war. “For people who disagree…
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Eliminating the Economic Incentive for Peace
Naomi Klein on the Davos Dilemma: Thomas Friedman told us less than a decade ago that no two countries with a McDonald’s have ever gone to war. Now, we go to war with McDonald’s, Taco Bell, Burger King, in tow. … What we are losing is the incentive, the economic incentive, for peace, the economic…
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Chiquita Will Plead Guilty to Supporting Death Squads
From Mefi: Chiquita will plead guilty to a count of doing business with a paramilitary group in Colombia. Chiquita has since sold the Colombian arm of its business. Thousands of Colombians have died in four decades of conflict involving the Farc, the AUC and other groups.