Fed Tightens Rules on Directors, Latest in a String of Announcements to Bolster Credibility

WASHINGTON — The Federal Reserve, under attack in Congress for being too entwined with big banks, closed a loophole on Wednesday that allowed a director at Goldman Sachs to be a director of the New York Fed as the agency was bailing out Wall Street during the financial crisis.

We Pay Them to Lie to Us - The Problem With Politicians

John Stossel | November 26, 2009 When you knowingly pay someone to lie to you, we call the deceiver an illusionist or a magician. When you unwittingly pay someone to do the same thing, I call him a politician.

Obama's Worsening Civil Liberties Record

Over at Daily Kos, Barbara Morrill complains that The Washington Post's Richard Cohen "is Karl Rove dressed up in pseudo-sadness" because -- according to her -- Cohen today "whines that the Attorney General announced that the United States follows the rule of law" by giving trial …

Who Will Protest Obama's War?

Here we are on the verge of a momentous announcement – President Obama's unveiling of his "comprehensive plan" for escalating the war in Afghanistan – and where is the so-called antiwar movement? Missing in action, as this news report reveals:

U.S. Prepares for "Full Spectrum" Operations in South America

The United States is massively building up its potential for nuclear and non-nuclear strikes in Latin America and the Caribbean by acquiring unprecedented freedom of action in seven new military, naval and air bases in Colombia.

India's Henry Ford of Heart Surgery

BANGALORE -- Hair tucked into a surgical cap, eyes hidden behind thick-framed magnifying glasses, Devi Shetty leans over the sawed open chest of an 11-year-old boy, using bright blue thread to sew an artificial aorta onto his stopped heart.

Geithner Asked To Resign; 'Mr. Secretary, The Public Has Lost All Confidence In Your Ability To Do Your Job' (VIDEO)

A heated exchange erupted on Capitol Hill today as Treasury Secretary Timothy Geithner was explicitly asked to resign.

Eliot Spitzer: Obama Economic Policies Ineffective, A Continuation Of Bush (WATCH)

Are Obama's economic policies actually working?

Audit The Fed Effort Wins Support From An Unusual Coalition

An unusual coalition of progressive economists, labor leaders, and bloggers has decided to fight back against a congressional amendment that would allow the Federal Reserve to continue operating in secrecy.

Virtually legal - In many countries, full jails, stretched budgets and a general weariness with the war on drugs have made prohibition harder to enforce

THE Green Relief "natural health clinic" in a bohemian part of San Francisco doesn't sound like an ordinary doctor's surgery. For those who wonder about the sort of relief provided, its logo—a cannabis leaf—is a clue.

DEA Stops Citing AMA on Medical Marijuana

Speaking of evolving positions on medical marijuana, it looks like the DEA has stopped telling the public "the American Medical Association recommends that marijuana remain a Schedule I controlled substance," a legal category that signifies a high potential for abuse, a lack of …

One Nation, Under Surveillance

What have you got to hide? The answer may shock you: If you're like most Americans, you have far more than you realize that you need to be hiding, and not doing so may be putting you and your family in grave danger.

Geithner Singled Out In TARP Watchdog Neil Barofsky's Scathing Report On AIG Bailout

A brutal report issued Monday by a government watchdog holds Timothy Geithner -- then the head of the Federal Reserve Bank of New York and now the nation's Treasury Secretary -- responsible for overpayments that put billions of extra tax dollars in the coffers of major Wall Stree …

A health care plan so flawed even some Democrats have doubts

This may sound surprising, but Republicans don't have a monopoly on opposition to health care reform. Some Democrats also have doubts — if not on the merits of the plans before Congress, then on the decision to put health care ahead of reviving the economy.

Lobbyists Win Again In Securing $33bn Tax Break For Home Builders

The New York Times's Gretchen Morgenson points out that lobbyists have won another victory that will lead to billions in taxpayer dollars being handed over to firms that helped spur the economic crisis.

Welcome Home, War! - How America's Wars Are Systematically Destroying Our Liberties

In his approach to National Security Agency surveillance, as well as CIA renditions, drone assassinations, and military detention, President Obama has to a surprising extent embraced the expanded executive powers championed by his conservative predecessor, George W. Bush.

Obama Signs $33 Bn Bailout for Big Homebuilders

But tucked inside the law was another prize: a tax break that lets big companies offset losses incurred in 2008 and 2009 against profits booked as far back as 2004.

CMS: House bill increases health care costs

Democrats have promised that health reform would reduce health care costs, but legislation the House passed last week would increase costs over the next decade by $289 billion.

In House Record, Many Spoke With One Voice: Lobbyists'

WASHINGTON — In the official record of the historic House debate on overhauling health care, the speeches of many lawmakers echo with similarities. Often, that was no accident.

Members of Bilderberg, Trilateral Commission, Called Out in EU Parliment

(VIDEO) Close-captioned for the reality impaired... This guy sits in open Parliament and speaks like you or me. It is surreal watching the translation come across the screen. In Italian but it seems the translation is correct.

"The sleazy advocacy of a leading "liberal hawk"" by Glenn Greenwald

Peter Galbraith's vast, undisclosed financial interests in the policies he spent years advocating as an "expert." By Glenn Greenwald

Everyone in Britain could be given a personal 'carbon allowance'

Everyone in Britain should have an annual carbon ration and be penalised if they use too much fuel, the head of the Environment Agency will say.

Treasury Wants Donations to Pay off Debt.

WASHINGTON (Reuters) – Not sure what to give Uncle Sam this Christmas? How about a nice, fat check to help whittle away at the $7.6 trillion national debt?

Scahill: Obama may be afraid of Blackwater

Despite news reports that the security contractor formerly known as Blackwater has seen its contracts dry up and its influence wane, the company continues to do brisk business in Iraq and Afghanistan -- and the Obama administration may be too afraid of the firm to do anything abo …

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Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition.

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