Finance


By Henry A. Giroux  Truthout

Across the globe, a new historical conjuncture is emerging in which the attacks on higher education as a democratic institution and on dissident public voices in general – whether journalists, whistleblowers or academics – are intensifying with sobering consequences. (more…)

NYTimes

ARNOLDS PARK, Iowa — For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000. (more…)

Commondreams.org

The annual report, Children of the Recession: The impact of the economic crisis on child well-being in rich countries, was released Tuesday in Rome. It finds that in the 41 richest countries at least 76.5 million children live in poverty. (more…)

Rawstory

A 10-year veteran Internal Revenue Service (IRS) attorney has demanded a Congressional audit of the IRS to investigate the agency’s alleged role in allowing American corporations to illegally avoid paying billions of dollars in taxes at the same time the agency is cracking down on individuals and small businesses. (more…)

Commondreams

More than seven years after guards with the private mercenary company Blackwater opened fire on Iraqi civilians in downtown Baghdad, killing 17 people and wounding 20, a federal jury on Wednesday found four of the men involved with the massacre guilty in the case. (more…)

antiwar.com

Bitcoin is a new paradigm that fundamentally challenges the way we do finance. It is an open source protocol that enables peer-to-peer distributed consensus at a large scale without any governing center and with no command from above. (more..)

Zerohedge.com

The drip-drip-drip of Fed-induced inflation is hardly felt by most Americans even on an annual basis; but take a step back over a generation of currency debasement and it becomes clear. As the following image shows, the cost of living since 1938 has, simply put, exploded. With incomes up just 30x in those 76 years, the cost of a home has risen 70x, the cost of bacon has risen 100x, and the biggest of all, the cost of a Harvard education has risen 142x.  (more…)

Washington Post

Aggressive police take hundreds of millions of dollars from motorists not charged with crimes (more…)

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