Greek economy close to collapse as food and medicine run short | World news | The Guardian

Greece’s economy is on the brink of collapse after the capital controls imposed ahead of Sunday’s referendum left the country with shortages of food and drugs, the tourist industry facing a wave of cancellations and banks with barely enough money to survive the weekend.

Banks said they had a €1bn cash buffer to see them through the weekend – equal to just €90 (£64) a head for the 11 million-strong population – and would require immediate help from the European Central Bank on Monday whatever the result of the referendum, in which the two sides are running neck and neck.

via Greek economy close to collapse as food and medicine run short | World news | The Guardian.

Petition · End the Inhumane Treatment of Greece · Change.org

Petition · End the Inhumane Treatment of Greece · Change.org.

90% of the “bail-out” money went to French and German banks, not to the Greek people.  Please support this petition to end the inhumane treatment of the Greek people.

Recap: How Markets Reacted to the Turmoil in Greece – MoneyBeat – WSJ

Markets around the world reacted strongly Monday to the latest twists and turns in the drama playing out in Greece. Stocks tumbled from Hong Kong to London, gold and U.S. Treasurys strengthened as investors looked for safety, and the euro actually rose.

The gyrations came amid news that Greek banks will stay closed for six days, and the country’s central bank has moved to impose capital controls, in a bid to prevent a severely battered banking system from collapsing completely.

Over the weekend, Greek Prime Minister Alexis Tsipras shocked European policy makers by announcing the country will hold a referendum on whether to accept the terms of Greece’s creditors to unlock desperately needed financial aid.

It now looks almost inevitable that Greece will default on a €1.54 billion ($1.69 billion) payment due to the International Monetary Fund on Tuesday. Much is at stake beyond the IMF’s balance sheet. What happens to Greece itself? What happens to the euro, a purportedly unbreakable currency union, and the Continent’s attempt to recreate itself as a global economic superpower? What happens in the capital markets, which have feasted on cheap debt and assumed all risks were contained?

via Recap: How Markets Reacted to the Turmoil in Greece – MoneyBeat – WSJ.

Taxation Without Representation | Josh Silver

Today, millions of Americans will begrudgingly pay their taxes to a government that does not inspire confidence. With public trust in government at near historic lows, many Americans believe that their elected representatives don’t care what the average citizen thinks.

Unfortunately, they’re right.

For the vast majority of Americans, “taxation without representation” isn’t just a relic of high school social studies — it’s a perfect description of their relationship with a political system that’s been thoroughly corrupted by money.

via Taxation Without Representation | Josh Silver.

$14 Million an Hour for 13 Years: War on Terrors Astounding Cost | Alternet

December 29, 2014  |     In the 13 years since 9/11, the United States’ “war on terror” could be considered a failure. ISIS swept aside the US-backed Iraqi army earlier this year, the Taliban still launches deadly attacks, including an assault on a school last month that killed 145 people, and American interventions only seem to worsen sectarian bloodshed in the region.The geopolitical disaster has come at a tremendous cost to American taxpayers, according to a recently released report by the Congressional Research Service, a non-partisan government organization. The report estimated that since 9/11, American taxpayers have shelled out close to $1.6 trillion on war spending (that’s $14 million an hour), with almost 95 percent of that money going to projects related to Iraq and Afghanistan.

via $14 Million an Hour for 13 Years: War on Terrors Astounding Cost | Alternet.

Americans Live In A Fascist Society

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See? Check (American flag pins); Check (Guantanamo Bay/drones); Check (Muslims/Hispanics/Homosexuals); Check (spending more than the next 10 countries combined/”Global Force for Good”); Check (constant assault on Women’s reproductive rights/no equal pay); Check (corporate-controlled media); check (NSA spying/”Department of Homeland Security”); check (Republicans); check (Congress owned by the 1%); check (anti-Union assaults by Republicans); check (anti-intellectualism in the Republican Party and the South); check, check, check (2000; 2004 – both stolen by Bush).

BBC News – Four sentenced to death over $2.6bn Iran bank fraud

Four people have been sentenced to death for their roles in Iran’s biggest-ever bank fraud scandal.

Two other defendants received life sentences, while 33 more will spend up to 25 years in jail, the chief prosecutor was quoted as saying.

The scandal involved forged documents reportedly used by an investment company to secure loans worth $2.6bn.

President Mahmoud Ahmadinejad last year denied allegations that his government was involved.

The identities of the defendants have not been made public.

via BBC News – Four sentenced to death over $2.6bn Iran bank fraud.