News

By Angelo Young, International Business Times

The accounting of the financial cost of the nearly decade-long Iraq War will go on for years, but a recent analysis has shed light on the companies that made money off the war by providing support services as the privatization of what were former U.S. military operations rose to unprecedented levels.

Private or publicly listed firms received at least $138 billion of U.S. taxpayer money for government contracts for services that included providing private security, building infrastructure and feeding the troops.Read more »

TruthDig.org

A Message to George W. Bush and Dick Cheney From a Dying Veteran

To: George W. Bush and Dick Cheney
From: Tomas Young

I write this letter on the 10th anniversary of the Iraq War on behalf of my fellow Iraq War veterans. I
write this letter on behalf of the 4,488 soldiers and Marines who died in Iraq. I write this letter on behalf
of the hundreds of thousands of veterans who have been wounded and on behalf of those whose wounds,
physical and psychological, have destroyed their lives. I am one of those gravely wounded. I wasRead more »

By PAUL KRUGMAN

Ten years ago, America invaded Iraq; somehow, our political class decided that we should respond to a terrorist attack by making war on a regime that, however vile, had nothing to do with that attack.

Some voices warned that we were making a terrible mistake — that the case for war was weak and possibly fraudulent, and that far from yielding the promised easy victory, the venture was all too likely to end in costly grief. And those warnings were, of course, right.Read more »

House Republicans on Friday unanimously voted down a bill that would have raised the minimum wage. Six Democrats joined them in defeating the effort.

The vote came after a surprise move by Democrats, who tacked onto a jobs training program bill an amendment that would have brought the national $7.25 minimum wage to $10.10 by 2015. But Republicans managed to defeat the effort while approving the bill overall.Read more »

By PAUL KRUGMAN

Ten years ago, America invaded Iraq; somehow, our political class decided that we should respond to a terrorist attack by making war on a regime that, however vile, had nothing to do with that attack.

Some voices warned that we were making a terrible mistake — that the case for war was weak and possibly fraudulent, and that far from yielding the promised easy victory, the venture was all too likely to end in costly grief. And those warnings were, of course, right.Read more »

By Robert Reich, Robert Reich's Blog

Our biggest problems over the next ten years are not deficits," the President told House Republicans Wednesday, according to those who attended the meeting.

The President needs to deliver the same message to the public, loudly and clearly. The biggest problems we face are unemployment, stagnant wages, slow growth, and widening inequality - not deficits. The major goal must be to get jobs and wages back, not balance the budget.Read more »

By Marian Wright Edelman

“We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly.”--Dr. Martin Luther King, Jr.Read more »

By Shan Li

Sen. Elizabeth Warren (D-Mass.) wants to know: How much money do banks have to launder to get charged with a crime?

In a Senate Banking Committee hearing Thursday, Warren asked financial regulators why officials from banks weren't prosecuted even after confessing to extensive money laundering.

Specifically, she asked why British bank HSBC -- which was fined $1.92 billion after admitting to moving millions of dollars around for drug cartels, terrorist organizations and regimes such as Iran -- avoided prosecution.Read more »