Why is Nobody (in the US) Freaking Out About the LIBOR Banking Scandal?

BarclaysThe LIBOR manipulation story has exploded into a major scandal overseas. The CEO of Barclays, Bob Diamond, has resigned in disgrace; his was the first of what will undoubtedly be many major banks to walk the regulatory plank for fixing the interbank exchange rate. The Labor party is demanding a sweeping criminal investigation. Mervyn King, Governor of the Bank of England, responded the way a real public official should (i.e. not like Ben Bernanke), blasting the banks:

It is time to do something about the banking system…Many people in the banking industry are hardworking and feel badly let down by some of their colleagues and leaders. It goes to the culture and the structure of banks: the excessive compensation, the shoddy treatment of customers, the deceitful manipulation of a key interest rate, and today, news of yet another mis-selling scandal.

The furor is over revelations that Barclays, the Royal Bank of Scotland, and other banks were monkeying with at least $10 trillion in loans (The Wall Street Journal is calculating that that LIBOR affects $800 trillion worth of contracts).

The banks gamed LIBOR for two semi-overlapping reasons. As noted here last week, there were instances of Barclays traders badgering the LIBOR submitters to "push down" rates in order to fatten their immediate bottom lines, depending on what they were trading or holding that day. They also apparently rigged LIBOR downward in order to produce a general appearance of better health, essentially tweaking their credit scores a few ticks upward.

Most intriguingly, or perhaps disturbingly, there were revelations last week that Bank of England deputy Governor Paul Tucker had a conversation with Diamond at the peak of the crisis in 2008. The conversation reportedly left Diamond, and subsequently his traders, with the impression that the bank had carte blanche to rig LIBOR downward in order to help allay spiraling public fears about the banks’ poor financial health.

British officials, and Tucker individually, deny that Tucker gave Diamond permission to rig rates. But a report by British regulators did conclude that the two were talking about Barclays LIBOR submissions on October 29, 2008, and that as a result of that conversation, Diamond came away with a “misunderstanding.” The Daily Mail quotes the Financial Services Authority report:

However, as the substance of the telephone conversation was relayed down the chain of command at Barclays, a misunderstanding or miscommunication occurred.

This meant that Barclays’ submitters believed mistakenly that they were operating under an instruction from the Bank of England (as conveyed by senior management) to reduce Barclays’ Libor submissions.

That is explosive stuff. Members of Parliament will be grilling Tucker tomorrow about those events in what is sure to be a far more combative and entertaining legislative inquiry than the Jamie Dimon dog-and-pony show we just went through here in the states in recent weeks.

The implications of that part of the story should be particularly chilling to Americans, who in recent years have been party to a number of revelations about strange and seemingly inappropriate contacts between senior regulatory officials and big bankers during the heat of the crisis.

We know that American officials in 2008-2009 were extremely concerned about the appearance of weakness in the financial markets, so much so that they may have resisted pursuing criminal prosecutions against big banks, and we also know that they spent a lot of time commiserating with Wall Street figures before and during the crisis.

If Bob Diamond and Paul Tucker were having these talks about LIBOR, is it fair to wonder what else Hank Paulson and Lloyd Blankfein were talking about in the 24 discussions they had in the six days following the AIG disaster? When Paulson had a secret meeting with the entire board of Goldman Sachs in, of all places, his hotel suite in Moscow, in June of 2008? Or what other material nonpublic information was exchanged when Paulson met with a gang of hedge fund chiefs at the offices of Eton Park management in July 2008, and laid out for them a possible scenario for putting Fannie and Freddie into receivership?

Anyway, the LIBOR story is leading the front pages of most of Britain’s dailies, it’s on TV, and it’s producing blistering editorials and howls of outrage amongst politicians and activists. But as compadre Yves Smith at Naked Capitalism put it, where’s the outrage here in America?

The big story on our shores in the last few weeks has been the health care ruling, which makes sense, but then after that… what? The heat? Tom and Katie? (There’s actually a story about how Katie can wear heels again, now that she’s not married to a short person). Joe Sandusky? Nightline’s big story tonight, which is already being hyped on the net, is about how fat Chris Christie is and why the hell he hasn’t done the bypass surgery yet:

New Jersey Gov. Chris Christie opened up about his weight problem in an interview with ABC News and stressed he is "trying" to lose weight, a battle he's waged for 30 years, but said he's never considered gastric bypass surgery because it's "too risky."

"I mean, see, listen, I think there's a fundamental misunderstanding among people regarding weight and regarding all those things that go into, to people being overweight," Christie said in an interview that will air Tuesday on "Nightline."

Glad to be informed! The New York Times, meanwhile, did chime in with a house editorial yesterday, and it was appropriately somber. And there has been some coverage in the financial press.

But to me what’s missing from all of this is the “Holy Fucking Shit!” factor. This story is so outrageous that it shocks even the most cynical Wall Street observers. I have a friend who works on Wall Street who for years has been trolling through the stream of financial corruption stories with bemusement, darkly enjoying the spectacle as though the whole post-crisis news arc has been like one long, beautifully-acted, intensely believable sequel to Goodfellas. But even he is just stunned to the point of near-speechlessness by the LIBOR thing. “It’s like finding out that the whole world is on quicksand,” he says.

So as far as the stateside press goes, I’ve got to assume the cavalry is coming soon. But when?

Link to original article from Rolling Stone

 


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Climate Change Deemed Growing Security Threat by Military Researchers

Climate Change Deemed Growing Security Threat by Military Researchers

WASHINGTON — The accelerating rate of climate change poses a severe risk to national security and acts as a catalyst for global political conflict, a report published Tuesday by a leading government-funded military research organization concluded. In addition, the report predicted that an increase in catastrophic weather events around the world will create...

Coral Davenport | The New York Times 15 May 2014 Hits:394 SGW Articles

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Jobs group seeks city money

Jobs group seeks city money

The Charlotte economy is improving, but a number of residents pleaded with the Charlotte City Council on Monday, asking that the city not forget those without jobs and low-wage city workers. As part of the public hearing on the city’s proposed fiscal year 2015 budget, a group called Coalition for Jobs...

Steve Harrison | Charlotte Observer 14 May 2014 Hits:405 ESJ Articles

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Universal health care in Oregon: The HB 3260 study brings us closer

Universal health care in Oregon: The HB 3260 study brings us closer

Oregonians can take a critical step toward comprehensive health care for everyone in the state. That first step is the HB 3260 study of health care financing options. In 2013, the Oregon House Health Care Committee unanimously approved the study,  the legislative passed the measure with bipartisan support, and the governor...

Samuel Metz, MD 14 May 2014 Hits:432 HCA Articles

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Fiery Chaos in Odessa: 42 Perish After Ukrainians Launch Waco-Like Assault

Fiery Chaos in Odessa: 42 Perish After Ukrainians Launch Waco-Like Assault

The death toll in Odessa stands at 42 people killed, most of them burned to death or suffocated by smoke inhalation in the inferno at the Trade Unions House.  There is no dispute over who were the victims and who were their killers.  The victims were pro-Russian protesters who had...

Nicolas J.S. Davies | AlterNet 08 May 2014 Hits:327 EWO Articles

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Student Loan Forgiveness Plans Could Be A Victim Of Their Own Success

Student Loan Forgiveness Plans Could Be A Victim Of Their Own Success

Student loan debt in the U.S. currently totals more than $1 trillion, with some predicting it will only get worse as tuition increases continue to outpace inflation. Recently launched federal student loan forgiveness programs were intended to provide relief to some of these borrowers, but the plans’ unexpected popularity has...

Ashlee Kieler | Consumerist 03 May 2014 Hits:641 ESJ Articles

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The US is an oligarchy, study concludes

The US is an oligarchy, study concludes

The US government does not represent the interests of the majority of the country's citizens, but is instead ruled by those of the rich and powerful, a new study from Princeton and Northwestern Universities has concluded. The report, entitled Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens, used...

Zachary Davies Boren | The Telegraph 17 Apr 2014 Hits:972 ECR Articles

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Rwanda Has Become a Poster Child for Health Equity: Life expectancy has doubled, and child vaccinations rates are higher…

Rwanda Has Become a Poster Child for Health Equity: Life expectancy has doubled, and child vaccinations rates are higher than they are in the U.S.

Twenty years ago this week, Rwanda's genocide began. Over the course of 100 days, more than 1 million people would be murdered, and after the violence ended, the country—including its health care system—was left in ruins. Cholera outbreaks were rampant, HIV was widespread and people no longer trusted the few doctors who remained in...

Rachel Nuwer | Smithsonianmag.com 11 Apr 2014 Hits:611 HCA Articles

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Hawaii's trailblazing healthcare underscores disparity

Hawaii's trailblazing healthcare underscores disparity

When the giant kapok and nawa trees that tower over the Queen's Medical Center in downtown Honolulu were planted more than a century ago, Hawaii faced a health crisis. Many on the islands, including the queen who founded the hospital in 1859, feared that native Hawaiians, devastated by smallpox, measles and...

Noam Levey | Los Angeles Times 11 Apr 2014 Hits:500 HCA Articles

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$1,000-a-day miracle drug shocks U.S. health care system

$1,000-a-day miracle drug shocks U.S. health care system

Sovaldi, a new hepatitis C treatment, can cure up to 90 percent of patients within three months. There's just one problem: The drug costs $1,000 a day. That price tag has thrown the biotechnology world into turmoil, as lawmakers and insurance companies complain that Sovaldi's maker is trying to milk...

Kim Peterson | CBS News 11 Apr 2014 Hits:540 HCA Articles

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'This Is Not Over': Gulf Life Still Reeling From Toxic BP Spill

'This Is Not Over': Gulf Life Still Reeling From Toxic BP Spill

Nearly four years after BP's Deepwater Horizon oil catastrophe, plants, animals, and fish in the Gulf of Mexico are still reeling from the toxic spill, according to a report released Tuesday by the National Wildlife Federation. The report, which arrives just ahead of the disaster's anniversary, examined 14 species of wildlife...

Jacob Chamberlain | Common Dreams 11 Apr 2014 Hits:439 SGW Articles

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UN Report: Global Warming Worsens Security Woes

UN Report: Global Warming Worsens Security Woes

In an authoritative report due out Monday a United Nations climate panel for the first time is connecting hotter global temperatures to hotter global tempers. Top scientists are saying that climate change will complicate and worsen existing global security problems, such as civil wars, strife between nations and refugees. They're not...

Seth Borenstein | Huffington Post 11 Apr 2014 Hits:457 SGW Articles

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Borrowed Time on Disappearing Land: Facing Rising Seas, Bangladesh Confronts the Consequences of Climate Change

Borrowed Time on Disappearing Land: Facing Rising Seas, Bangladesh Confronts the Consequences of Climate Change

When a powerful storm destroyed her riverside home in 2009, Jahanara Khatun lost more than the modest roof over her head. In the aftermath, her husband died and she became so destitute that she sold her son and daughter into bonded servitude. And she may lose yet more. Ms. Khatun now...

Gardiner Harris | The New York Times 11 Apr 2014 Hits:489 SGW Articles

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House Subcommittee’s Approval of LNG Exports Means More Money for Big Oil and Gas, More Fracking In U.S. Communities

 House Subcommittee’s Approval of LNG Exports Means More Money for Big Oil and Gas, More Fracking In U.S. Communities

Statement of Food & Water Watch Executive Director, Wenonah Hauter Washington, D.C. – “On Wednesday, the U.S. House’s Energy and Commerce Committee’s Subcommittee on Energy and Power voted in favor of a bill to export liquefied natural gas (LNG) abroad under the guise of aiding Ukraine. But this bill, H.R.6, would...

Wenonah Hauter | Food and Water Watch 10 Apr 2014 Hits:355 SGW Articles

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80 percent of U.S. adults face near-poverty, unemployment, survey finds

80 percent of U.S. adults face near-poverty, unemployment, survey finds

Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream. Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich...

CBS News 30 Mar 2014 Hits:635 ESJ Articles

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Facing Unprecedented Extraction Crisis, Illinois Environmental Groups Make Call to Action

Facing Unprecedented Extraction Crisis, Illinois Environmental Groups Make Call to Action

Illinois is facing an extraction crisis. Expanded coal mining and the looming threat of fracking will create an unprecedented two-pronged threat to southern and central Illinois. Grassroots groups on the front lines of the extraction crisis raised the alarm in a letter to the Illinois General Assembly. The letter calls for...

Will Reynolds | Huffington Post 27 Mar 2014 Hits:526 SGW Articles

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Corporate Lies Are Increasingly Immune to Investor Complaints

Corporate Lies Are Increasingly Immune to Investor Complaints

Companies do not have a right to lie to their shareholders, a German judge ruled this week. But sometimes, she added, lies are necessary. And with that Carola Wittig, a judge in the state court in Stuttgart, dismissed a suit filed by a group of hedge funds that lost a lot...

Floyd Norris | New York Times 23 Mar 2014 Hits:499 ECR Articles

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This is no recovery, this is a bubble – and it will burst

This is no recovery, this is a bubble – and it will burst

According to the stock market, the U.K. economy is in a boom. Not just any old boom, but a historic one. On 28 October 2013, the FTSE 100 index hit 6,734, breaching the level achieved at the height of the economic boom before the 2008 global financial crisis (that was 6,730, recorded...

Ha-Joon Chang | The Guardian 01 Mar 2014 Hits:781 ESJ Articles

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A Dream Realized: Community Driven Revitalization in Spartanburg

A Dream Realized: Community Driven Revitalization in Spartanburg

Sometimes you wake up from a bad dream. You pray it’s not real but when you open your eyes, the reality of the situation is staring you right in the face. Harold Mitchell faced a similar situation and learned about environmental injustice when family, friends, and neighbors in his Spartanburg, South...

Timothy Fields | Greenversations 02 Sep 2014 Hits:1 South Carolina

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Moral March to the Polls

Moral March to the Polls

The Final Day of the Moral Week of Action Commits Advocates and Activists to Take Anger over Regressive Policies and Turn It into Action at the Polls Fifty one years after people gathered on the steps of the Lincoln Memorial to declare that a new America was possible, North Carolinians of...

NC NAACP 01 Sep 2014 Hits:121 North Carolina

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The Final Day of the Moral Week of Action Commits Advocates and Activists to Take Anger over Regressive Policies and Turn It …

The Final Day of the Moral Week of Action Commits Advocates and Activists to Take Anger over Regressive Policies and Turn It into Action at the Polls

RALEIGH, NC - Activists from across North Carolina protested with their feet and their voices yesterday at the state capitol as they challenged the flood of regressive policies passed by this state legislature over the past two years and committed themselves to turn their anger and discontent into action at...

Sarah Bufkin | NAACP 29 Aug 2014 Hits:192 North Carolina

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'Whose Schools? Our Schools': Chicago Students Rise Up

'Whose Schools? Our Schools': Chicago Students Rise Up

Over one hundred Chicago public school students, parents, and community members marched to the city's Board of Education on Monday to demand an end to the school closures, mass lay-offs, and undemocratic political deal-making they say are devastating one of the largest public education districts in the country. Organized by the...

Sarah Lazare | Common Dreams 28 Aug 2014 Hits:208 Illinois

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Detroit Set to Resume Water Shutoffs For Nonpayment As Protests Continue

Detroit Set to Resume Water Shutoffs For Nonpayment As Protests Continue

While they carry signs “Thirsty For Justice” nearly 45% of Detroit’s 173,000 water accounts are considered past due, with 420 customers due to be denied service Tuesday. The bankrupt Detroit lifted the month-long suspension of shutting off water to people who have not paid bills. Some 25,000 customers have reached payment...

Kaye Wonderhouse | The Global Dispatch 28 Aug 2014 Hits:138 Michigan

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Wisconsin Still Barred From Implementing GOP's Photo ID Law: A Quick Review of the Story So Far

Wisconsin Still Barred From Implementing GOP's Photo ID Law: A Quick Review of the Story So Far

Trying to make sense of all the different court rulings in Wisconsin on their partisan Photo ID voting laws? We'll try to unpack that for you. The short version: Two different state trial courts found the GOP's Photo ID restriction on voting to be a violation of the state constitution's right...

Ernest A. Canning | The Brad Blog 28 Aug 2014 Hits:180 Wisconsin

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Day 5 Mobilizes Women at the NC State Capitol to Protest Regressive Policies

Day 5 Mobilizes Women at the NC State Capitol to Protest Regressive Policies

RALEIGH, NC - Day 5 of the Moral Week of Action mobilized women of all ages, races, creeds, and classes to march together around the NC state Capitol this afternoon to demand an end to the state legislature's regressive attacks on women, their rights, their health, their families and their...

Sarah Bufkin | NAACP 28 Aug 2014 Hits:194 North Carolina

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Advocates Call for Meaningful Action to Protect Health and Environment in North Carolina

Advocates Call for Meaningful Action to Protect Health and Environment in North Carolina

RALEIGH, NC - Health advocates and environmental activists stood side by side to demand that the North Carolina General Assembly stop its attacks on the health of its most vulnerable communities, whether by refusing the Medicaid expansion, cutting back on health care services or giving corporations the green light to...

Sarah Bufkin | NAACP 28 Aug 2014 Hits:139 North Carolina

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California Senate Approves Measure Banning Warrantless Drone Surveillance

California Senate Approves Measure Banning Warrantless Drone Surveillance

(Reuters) - The California State Senate passed legislation on Tuesday imposing strict regulations on how law enforcement and other government agencies can use drones, a move supporters said will protect privacy and prevent warrantless surveillance. The bill attracted bipartisan support in the Senate, passing 25-8 during the evening vote in Sacramento. The...

Aaron Mendelson | Reuters 28 Aug 2014 Hits:276 California

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Eyewitness to Michael Brown Shooting Recounts His Friend’s Death

Eyewitness to Michael Brown Shooting Recounts His Friend’s Death

FERGUSON, Missouri — The last moments of Michael Brown’s life were filled with shock, fear and terror, says a witness who stood just feet away as a police officer shot and killed the unarmed teen. “I saw the barrel of the gun pointed at my friend,” said Dorian Johnson, 22. “Then...

Trymaine Lee | MSNBC 20 Aug 2014 Hits:548 Missouri

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Low Turnouts Prompt L.A. to Consider Offering Prizes to Vote

Low Turnouts Prompt L.A. to Consider Offering Prizes to Vote

Alarmed that fewer than one-fourth of voters are showing up for municipal elections, the Los Angeles Ethics Commission voted Thursday to recommend that the City Council look at using cash prizes to lure a greater number of people to the polls. On a 3-0 vote, the panel said it wanted City...

David Zahniser | Governing 17 Aug 2014 Hits:216 California

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Wisconsin loses $206 million by not fully expanding BadgerCare

Wisconsin loses $206 million by not fully expanding BadgerCare

Wisconsin taxpayers would have saved $206 million over two years — 73% more than previously estimated — if officials had fully expanded its main health care program for the poor under the federal Affordable Care Act, a new nonpartisan report shows. If officials decide to change course and expand the program...

Patrick Marley | Journal Sentinel 17 Aug 2014 Hits:268 Wisconsin

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Texas Gov. Perry Indicted on Charge of Abuse of Power

Texas Gov. Perry Indicted on Charge of Abuse of Power

AUSTIN — Gov. Rick Perry of Texas was indicted on two felony counts on Friday by a state grand jury examining his handling of a local district attorney’s drunken driving arrest and the state financing for a public corruption unit under the lawyer’s control. The indictment was returned late Friday in...

Manny Fernandez | The New York Times 15 Aug 2014 Hits:182 Texas

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Ferguson Protests Met With Heavy Police Response, 2 Reporters And Alderman Arrested

Ferguson Protests Met With Heavy Police Response, 2 Reporters And Alderman Arrested

Police violence broke out again in Ferguson, Missouri, Wednesday night, as the streets filled with tear gas, rubber bullets, heavily-armed SWAT teams and mine-resistant vehicles on the fourth night of unrest since Michael Brown, an unarmed African American teenager, was shot to death by police on Aug. 9. Mostly peaceful protesters...

Ryan Grim, Braden Goyette | The Huffington Post 14 Aug 2014 Hits:190 Missouri

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Federal Judge in Don Siegelman Case Arrested, Charged with Abusing Wife in Atlanta Hotel

Federal Judge in Don Siegelman Case Arrested, Charged with Abusing Wife in Atlanta Hotel

The federal judge who oversaw the political prosecution of former Democratic Alabama Gov. Don Siegelman was arrested over the weekend after allegedly beating his wife in a posh hotel room in Atlanta... U.S. District Court Judge Mark Fuller was charged with misdemeanor battery and taken to the Fulton County jail around...

Brad Friedman | The Brad Blog 12 Aug 2014 Hits:522 Alabama

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Report: Too few safeguards for drinking water near fracking wells

Report: Too few safeguards for drinking water near fracking wells

Federal and state governments do not do enough to safeguard drinking water around the nearly 200,000 wells where fracking wastewater is injected deep underground, according to a federal report. The U.S. Government Accountability Office investigation found that existing regulations do not adequately protect against contamination that could occur after earthquakes, which...

Laura Arenschield | The Columbus Dispatch 11 Aug 2014 Hits:245 Ohio

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Mississippi GOP Won't Hear Chris McDaniel Challenge to Thad Cochran Primary Runoff Win

Mississippi GOP Won't Hear Chris McDaniel Challenge to Thad Cochran Primary Runoff Win

JACKSON, Miss. (AP) — Mississippi's Republican Party on Wednesday refused to hear challenger Chris McDaniel's effort to overturn his June 24 GOP runoff loss to U.S. Sen. Thad Cochran. The party said McDaniel would do better taking his challenge to court. In a letter to McDaniel's lawyer, state Republican Party Chairman...

Jeff Amy | Associated Press 10 Aug 2014 Hits:268 Mississippi

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Virginia Governor's Corruption Case Shows Prosecution Power

Virginia Governor's Corruption Case Shows Prosecution Power

The federal corruption trial of former Virginia Gov. Robert McDonnell illustrates the power held by prosecutors to destroy a defendant -- or, conversely, to grant a wrist slap. As the trial finished its second week, looming large is the difference between the 14 counts McDonnell and his wife Maureen currently face...

Andrew Kreig | Justice Integrity Project 10 Aug 2014 Hits:364 Virginia

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Petcoke firm threatens lawsuit over city rules

Petcoke firm threatens lawsuit over city rules

Escalating a fight with Mayor Rahm Emanuel, a company that stores enormous mounds of petroleum coke on Chicago's Southeast Side is threatening to sue unless city officials allow the gritty piles to remain uncovered for another four years. KCBX Terminals, a firm controlled by industrialists Charles and David Koch, is pushing...

Michael Hawthorne | Chicago Tribune 03 Aug 2014 Hits:330 Illinois

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Luxury Apartment Building Will Have Separate Door For Poor Residents

Luxury Apartment Building Will Have Separate Door For Poor Residents

A luxury condo building on New York City’s Upper West Side has gotten clearance from the city to have a separate entrance, or a “poor door,” for low-income tenants, according to the New York Post. Extell, which is building the 33-story complex, will build a specific door for the 55 affordable...

Bryce Covert | Think Progress 03 Aug 2014 Hits:289 New York

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Nestlé is bottling water straight from the heart of California’s drought

Nestlé is bottling water straight from the heart of California’s drought

As residents of California are urged to conserve water and the state considers placing a mandatory restriction on outdoor water usage, Nestlé is trucking away undisclosed amounts of the precious resource in the form of bottled water. The Desert Sun has an in-depth report of controversy brewing around the company’s bottling plant,...

Lindsay Abrams | Salon 03 Aug 2014 Hits:686 California

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Pennsylvania refuses to release route info on oil trains

Pennsylvania refuses to release route info on oil trains

Pennsylvania officials have refused to disclose information that freight railroads provide about shipments of volatile crude oil through the state. In the wake of several fiery accidents, the U.S. Department of Transportation in May issued an emergency order requiring railroads to report to state emergency management officials the number of trains...

Jon Schmitz | Pittsburgh Post-Gazette 03 Aug 2014 Hits:213 Pennsylvania

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Detroit Water Shutoff Controversy Igniting Nationwide Debate

Detroit Water Shutoff Controversy Igniting Nationwide Debate

DETROIT, Mich. (WJLA/AP) -- Detroit's massive municipal water department, which has been widely criticized for widespread service shutoffs to thousands of customers, drew nationwide attention Thursday on Capitol Hill. Due to public pressure, the department has temporarily suspended shutoffs for customers who were 60 days or more behind on bills for...

Scott Thurman | AP | ABC 7 News 01 Aug 2014 Hits:308 Michigan

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Eric Cantor says he'll leave Congress August 18

Eric Cantor says he'll leave Congress August 18

Departing House Majority Leader Eric Cantor said he will quit Congress altogether in August, ending a once-promising political career in a bid to give his successor a chance for an early turn in office. Cantor told the Richmond Times-Dispatch he will resign his seat in the House of Representatives effective Aug....

Catalina Camia | USA Today 01 Aug 2014 Hits:350 Virginia

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Canadians bring water to waterless Detroit

Canadians bring water to waterless Detroit

Maude Barlow, Canadian author and national chairperson of the Council of Canadians, with a delegation of water rights advocates brought 260 gallons of water to Detroiters July 24. Of the 15,000 homes that have had water shut off by Emergency Manager Kevyn Orr, it is estimated that only 48 percent are...

The Michigan Citizen 30 Jul 2014 Hits:293 Michigan

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Constitutional Rights Under Attack in Georgia

Constitutional Rights Under Attack in Georgia

Columbus, Georgia – The Columbus Police Department, continuing its history of antagonizing the movement to close the US military training camp known as the SOA/WHINSEC (School of the Americas, renamed Western Hemisphere Institute for Security Cooperation), has this year placed unjust, unsafe and unconstitutional restrictions on the annual SOA Watch...

Hendrick Voss | SOA Watch 21 Jul 2014 Hits:612 Idaho

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Obama on D.C. statehood: ‘I’m for it’

Obama on D.C. statehood: ‘I’m for it’

With fewer than a dozen words Monday, President Barack Obama made his most definitive statement to date in favor of District statehood, delighting both loyal supporters and longtime advocates who have questioned his commitment to D.C. voting rights. During a town hall-style event at a public school in Northwest Washington, Obama...

Mike DeBonis | The Washington Post 21 Jul 2014 Hits:280 DC

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Detroit Suspends Water Shutoffs for 15 Days

Detroit Suspends Water Shutoffs for 15 Days

The Detroit Water and Sewerage Department is suspending its water shutoffs for 15 days starting today to give residents another chance to prove they are unable to pay their bills. “In case we have missed someone who has legitimate affordability problems this will allow them to come to us to see...

Brent Snavely, Matt Helms | Detroit Free Press 21 Jul 2014 Hits:218 Michigan

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The Oil Industry Hits an Unexpected Roadblock

The Oil Industry Hits an Unexpected Roadblock

Opponents of tar sands—the massive bituminous oil deposits in Alberta, Canada with a greenhouse gas impact four times greater than that of standard crude—have inched one step closer to a major victory. On Wednesday night, the City Council of South Portland, Maine voted 6-1 to pass an early version of an ordinance...

Cole Stangler | In These Times 20 Jul 2014 Hits:181 Maine

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A National Call to Link Arms for Detroit

Oh, make you wanna holler The way they do my life This ain't livin', this ain't livin' No, no baby, this ain't livin' No, no, no, no --Marvin Gaye, "Inner City Blues" On July 18 thousands of activists and dozens of organizations will converge on downtown Detroit to protest the privatization of the city’s assets and...

Ben Ptashnik and Victoria Collier | The Progressive 09 Jul 2014 Hits:336 Michigan

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Detroit’s fight for public water is also the nation’s

Detroit’s fight for public water is also the nation’s

Detroit made international news this month when its municipal water board resumed cutting off water to residents with unpaid bills. With thousands of community members struggling in homes with no running water, local groups reached out (PDF) to the United Nations special rapporteur on the human right to safe drinking...

Anna Lappé | Al Jazeera English 02 Jul 2014 Hits:731 Michigan

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The New Machine: Charter Schools

The New Machine: Charter Schools

Charter school operators aren’t the only one’s not being held accountable—a major complaint of the Chicago Teachers Union—it’s the machine politicians angling for electoral support and continued political power.  The War on Independents Wages On Battle lines were once again drawn between Chicago’s machine democrats and independent democrats when Ald. Toni...

RA Monaco | Sheffield Gazette 29 Jun 2014 Hits:297 Illinois

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Home News Sports Arts & Culture Opinion Business Advertising About Us Print Edition AG’s in-…

Home     News     Sports     Arts & Culture     Opinion     Business     Advertising     About Us     Print Edition  AG’s in-state tuition opinion gives local students more options

Geraldine Zenteno knew exactly where she wanted to go after graduation. Researching universities, the 17-year-old T.C. Williams senior had fallen in love with The College of William and Mary. Zenteno wants to pursue a teaching career and the Williamsburg school’s education program ranks among the best in the country, according to...

Derrick Perkins | Alexandria Times 17 Jun 2014 Hits:674 Virginia

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Blocking Any Medicaid Expansion, Virginia Legislature Passes Budget Bill

Blocking Any Medicaid Expansion, Virginia Legislature Passes Budget Bill

Empowered by their new majority in the State Senate, Republicans have moved to checkmate Gov. Terry McAuliffe in a monthslong contest over Medicaid, passing a budget that does not include the Medicaid expansion the governor sought and forbidding him from unilaterally expanding the health care program for the poor. Mr. McAuliffe...

Trip Gabriel | The New York Times 15 Jun 2014 Hits:344 Virginia

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Democrats Suggest They Won’t Challenge For Seat After Eric Cantor Refuses Write-In Campaign

Democrats Suggest They Won’t Challenge For Seat After Eric Cantor Refuses Write-In Campaign

The Democratic Party is already signaling that they won’t be solidly backing Jack Trammell, the Democratic candidate for Eric Cantor’s old seat after Cantor announced that he won’t run as a write-in candidate. Roll Call reported this morning that, “National Democrats are considering competing for House Majority Leader Eric Cantor’s House...

Jason Easley | Politicus 13 Jun 2014 Hits:987 Virginia

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Eric Cantor succumbs to tea party challenger Tuesday

 Eric Cantor succumbs to tea party challenger Tuesday

In a stunning upset propelled by tea party activists, House Majority Leader Eric Cantor (R-Va.) was defeated in Tuesday’s congressional primary, with insurgent David Brat delivering an unpredicted and devastating loss to the second most powerful Republican in the House who has widely been touted as a future speaker. The race...

Robert Costa | Washington Post 10 Jun 2014 Hits:355 Virginia

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Kasich’s fracking plan comes into sharper focus

Ohio Gov. John Kasich’s (R) environmental record took a turn for the worse last week when he approved rolling back the state’s renewable energy standards. The Buckeye State became the nation’s first to go backwards in this area.   But it’s not the only trouble area for the Ohio governor as it relates to...

Steve Benen | The Maddow Blog 02 Jun 2014 Hits:304 Ohio

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Koppell Versus Klein: A State Senate Race With National Implications for Democrats and Progressives

Koppell Versus Klein: A State Senate Race With National Implications for Democrats and Progressives

Primary season has begun to roll out across the country, including some hotly contested -- and some just plain bizarre -- races for governor, Congress and other local and state offices. One primary of note is in a State Senate race here in New York, and it has already attracted...

Pearl Korn | The Huffington Post 29 May 2014 Hits:552 New York

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On Anniversary of David Silva Slaying, Protesters Demand Justice

On Anniversary of David Silva Slaying, Protesters Demand Justice

Jacque DelRio interviews Chris Silva (brother of David Silva) and the family attorney David Khon on PDA Radio on Saturday 6/21 at 3pm EST. One year after the death of David Sal Silva, who was beaten by police outside a Bakersfield hospital, family, friends, and supporters gathered near Kern County Superior...

Alfred Camacho | New America Media 27 May 2014 Hits:299 California

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Federal judge overturns Pennsylvania same-sex marriage ban

A federal district court judge struck down Pennsylvania’s ban on same-sex marriage Tuesday, handing gay rights advocates their second legal victory in as many days. In the wake of last June’s Supreme Court decision striking down part of the federal Defense of Marriage Act, U.S. District Court Judge John Jones III...

Niraj Chokshi and Reid Wilson | Washington Post 20 May 2014 Hits:309 Pennsylvania

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Senate Democrats look to revive dormant Equal Rights Amendment

Senate Democrats look to revive dormant Equal Rights Amendment

Senate Democrats plan to make an end-of-session push this week to “rectify an historical wrong” -- and perhaps give women a strong reason to go to the polls this fall -- by putting Illinois on record in support of an Equal Rights Amendment to the U.S. Constitution. The bid to revive the...

Dave McKinney | Chicago Sun-Times 19 May 2014 Hits:471 Illinois

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Illinois legislator wants state to revisit Equal Rights Amendment

Illinois legislator wants state to revisit Equal Rights Amendment

More than 40 years after the Equal Rights Amendment was first passed by the U.S. Congress, an Illinois state senator is taking another crack at getting her colleagues in Springfield to adopt the provision that would enshrine in the U.S. Constitution the idea that rights can't be abridged on account...

John Byrne | Chicago Tribune 19 May 2014 Hits:398 Illinois

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Eric Cantor’s tea party opponent in Va. primary may be picking up momentum

 Eric Cantor’s tea party opponent in Va. primary may be picking up momentum

RICHMOND — There was a time when House Majority Leader Eric Cantor (R-Va.) sympathized with the tea party’s frustration with Washington. Now, he’s engaged in open warfare with the GOP’s insurgent wing. This week, Cantor’s opponent in the June 10 primary — a tea party activist named David Brat — is gaining...

Jenna Portnoy and Robert Costa | The Washington Post 14 May 2014 Hits:541 Virginia

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Rep. John Conyers fails to qualify for ballot

Rep. John Conyers fails to qualify for ballot

Rep. John Conyers (D-Mich.) won't appear on the Democratic primary ballot after failing to submit enough valid signatures, Wayne County Clerk Cathy Garrett said on Tuesday. "It is my determination that in accordance with the current laws and statutes of the State of Michigan, the nominating petitions filed by Congressman John Conyers, Jr....

Cameron Joseph | The Hill 14 May 2014 Hits:642 Michigan

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Alabama inmates stage protest over free labor system

Alabama inmates stage protest over free labor system

For the second time this year, prisoners in Alabama are planning a nonviolent demonstration and work stoppage to protest conditions inside the state’s prisons. Melvin Ray, an inmate at the St. Clair correctional facility in Springville and founder of prison-based group Free Alabama Movement (FAM) says this weekend’s strike is an...

Nick Ramsey | MSNBC 20 Apr 2014 Hits:383 Alabama

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Clear leaders emerge in primary races in Northern Virginia, finance reports show

Clear leaders emerge in primary races in Northern Virginia, finance reports show

In the run-up to midterm congressional elections that both major parties see as crucial, Virginia is again a magnet for political donations as candidates vie for two open seats in the House of Representatives. Republicans and Democrats are steering money in a big way toward favored candidates in Northern Virginia’s 10th...

Antonio Olivo and Patricia Sullivan | The Washington Post 17 Apr 2014 Hits:533 Virginia

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Mary Fallin Signs Ban On Minimum Wage Increase

Mary Fallin Signs Ban On Minimum Wage Increase

Oklahoma Gov. Mary Fallin (R) signed a bill Monday prohibiting cities across the state from establishing mandatory minimum wage and employee benefits, including vacation or sick leave days. Advocates of the new law contend that efforts to increase the minimum wage across various municipalities could potentially harm local business communities. "This bill...

Shadee Ashtari | Huffington Post 15 Apr 2014 Hits:643 Oklahoma

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Judge: Ohio must recognize out-of-state gay marriages

Judge: Ohio must recognize out-of-state gay marriages

Proponents of marriage equality have been on quite a winning streak in the courts, targeting anti-gay laws in states across the country. That streak continued this morning in Ohio. U.S. District Court Judge Timothy Black has formally ruled that Ohio must recognize same-sex marriages performed legally in other states, but he put...

Steve Benen | The Maddow Blog 14 Apr 2014 Hits:337 Ohio

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Staffer Who Was Caught Kissing Vance McAllister Resigns, While Congressman Keeps His Job

Staffer Who Was Caught Kissing Vance McAllister Resigns, While Congressman Keeps His Job

The staff member for Rep. Vance McAllister (R-La.) who was caught on tape kissing the married congressman has been "taken off the payroll," the News-Star reports. On Monday, the Ouachita Citizen published a surveillance video purporting to show the Republican congressman kissing Melissa Anne Hixon Peacock, his married district scheduler. McAllister...

Molly Reilly | The Huffington Post 09 Apr 2014 Hits:766 Louisiana

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NC NAACP Filed Title VI Complaint against Health Provider for Closing Hospital in Rural County, Cutting Emergency Care for Th…

NC NAACP Filed Title VI Complaint against Health Provider for Closing Hospital in Rural County, Cutting Emergency Care for Thousands

BELHAVEN, NC - Citing a difficult financial situation partially due to North Carolina's refusal to expand Medicaid, a health care provider announced last week that it will close its hospital in the small town of Belhaven, NC, on April 1 in complete disregard of the community's staunch protests and for...

Jamie Phillips Cole | NAACP North Carolina 05 Mar 2014 Hits:708 North Carolina

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