November 2012

In negotiations over the so-called “fiscal cliff.” In a plan presented to Republicans by Treasury Secretary Tim Geithner, the President is asking for $1.6 trillion in new revenue by letting the Bush tax cuts expire on the richest 2% of Americans, and by increasing capital gains and estate taxes, which are mostly paid by very wealthy Americans like Mitt Romney.

On Thursday, the Environmental Protection Agency announced that it is barring BP from receiving any new federal government contracts due to the foreign oil corporation’s “lack of business integrity” following the 2010 Gulf oil spill. BP recently agreed to pay $4.5 billion in fines for the environmental catastrophe, which will only put a slight dent in their corporate money chest.

From the “three amigos” in the Republican Party. Senators John McCain, Lindsey Graham, and Kelly Ayotte continued their attacks against our UN Ambassador Susan Rice on Tuesday after the three met with her in a closed-door meeting.

On Monday, the Bank of England named former Goldman Sachs investment banker Mark Carney as its new chief – adding to the long list of former Goldman Sachs bankers who've seized positions of immense power all around Europe and the rest of the world. As Europe descends into an austerity-induced economic crisis, Goldman Sachs is making sure it gets all of its failed investments back.