English: Breach in the Taum Sauk upper reservoir. Source: Federal Energy Regulatory Commission. Deutsch: Bruch im Damm des Oberbeckens des Taum-Sauk-Pumpspeicherwerks. (Photo credit: Wikipedia)
Sahara (Photo credit: tonynetone)Watch the first 54 seconds and you'll be hooked
.
Wall
Street's six largest banks are far bigger than they were in 2008 when
they were deemed "too big to fail," now accounting for more than half of
the assets of the entire financial industry. Their combined profits
rose $70 billion over the last year, a 30% increase over the year
before. Yet much of the Dodd-Frank law that's supposed to prevent
another "too big to fail" bailout is still on the drawing boards because
the banks are delaying and watering it down. Last week Treasury
Secretary Jack Lew threatened stricter measures if they won't allow
Dodd-Frank to be fully implemented, but it sounded like empty bluster to
me. The banks are also too big to nail (the Attorney General admits he
doesn't have the resources to prosecute them); too big to jail
executives or traders (the Federal Energy Regulatory Commission won't
even go after a JPMorgan executive who allegedly lied about rigging
energy prices); too big to derail their market manipulations (not
only energy prices but aluminum, copper, and other commodities,
according to yesterday's Times); and too big to curtail their trading on
inside information (as they buy warehouses, pipelines, and ports they
also gain inside information about firms and industries that no other
investors have).
What should be done? (1) Senators Warren and
McCain have just introduced a new version of the Glass-Steagall Act, to
separate investment from commercial banking. We all need to get behind
it. (2) The Fed is becoming more serious about capping the size of the
biggest banks, a measure long overdue. Fed member Daniel Tarullo is
pushing this. (3) In addition, a small tax (say, 1/10 of 1%) should be
imposed on all financial transactions to both slow speculation and raise
funds that could be used for, say, our schools (human capital is more
important than financial capital). But will reform really occur before
we face another Wall Street disaster?
'For the benefit of Canada ?' Maybe Canucks don't all see it that way either.
Truth News Radio Australia
Gov. Daniels, now president of Purdue University, demanded that Howard Zinn’s work be hunted down in Indiana schools and suppressed: "The obits and commentaries mentioned his book A People's History of the United States
is the ‘textbook of choice in high schools and colleges around the
country.’ It is a truly execrable, anti-factual piece of disinformation
that misstates American history on every page. Can someone assure me
that is not in use anywhere in Indiana? If it is, how do we get rid of
it before more young people are force-fed a totally false version of our
history?" He made this statement in 2010; he and Purdue University
have stated publicly that they stand by it today. They claim it is not
an issue of censorship or academic freedom because it is "merely" about
K-12! Read and share this article by Rethinking Schools editor Bill Bigelow on CommonDreams.org "Indiana’s Anti-Howard Zinn Witch-hunt": http://bit.ly/1b016DY
.
Wall
Street's six largest banks are far bigger than they were in 2008 when
they were deemed "too big to fail," now accounting for more than half of
the assets of the entire financial industry. Their combined profits
rose $70 billion over the last year, a 30% increase over the year
before. Yet much of the Dodd-Frank law that's supposed to prevent
another "too big to fail" bailout is still on the drawing boards because
the banks are delaying and watering it down. Last week Treasury
Secretary Jack Lew threatened stricter measures if they won't allow
Dodd-Frank to be fully implemented, but it sounded like empty bluster to
me. The banks are also too big to nail (the Attorney General admits he
doesn't have the resources to prosecute them); too big to jail
executives or traders (the Federal Energy Regulatory Commission won't
even go after a JPMorgan executive who allegedly lied about rigging
energy prices); too big to derail their market manipulations (not
only energy prices but aluminum, copper, and other commodities,
according to yesterday's Times); and too big to curtail their trading on
inside information (as they buy warehouses, pipelines, and ports they
also gain inside information about firms and industries that no other
investors have).
What should be done? (1) Senators Warren and McCain have just introduced a new version of the Glass-Steagall Act, to separate investment from commercial banking. We all need to get behind it. (2) The Fed is becoming more serious about capping the size of the biggest banks, a measure long overdue. Fed member Daniel Tarullo is pushing this. (3) In addition, a small tax (say, 1/10 of 1%) should be imposed on all financial transactions to both slow speculation and raise funds that could be used for, say, our schools (human capital is more important than financial capital). But will reform really occur before we face another Wall Street disaster?
What should be done? (1) Senators Warren and McCain have just introduced a new version of the Glass-Steagall Act, to separate investment from commercial banking. We all need to get behind it. (2) The Fed is becoming more serious about capping the size of the biggest banks, a measure long overdue. Fed member Daniel Tarullo is pushing this. (3) In addition, a small tax (say, 1/10 of 1%) should be imposed on all financial transactions to both slow speculation and raise funds that could be used for, say, our schools (human capital is more important than financial capital). But will reform really occur before we face another Wall Street disaster?
'For the benefit of Canada ?' Maybe Canucks don't all see it that way either.
Truth News Radio Australia
Truth News Radio Australia
![Cancer Concerns With Colorado's Drilling, Fracking Boom
By Colorado Public News and David O. Williams
As gas and oil drilling are reaching all-time highs in Colorado, drilling is occurring closer to schools and residential neighborhoods, like this one in Fort Collins.
A former president of the Colorado Medical Society calls the current hydraulic fracturing boom in the state’s oil and gas industry an “experiment in motion” for the public at large.
One that could lead to higher rates of cancer and other illnesses over the next 10 to 15 years.
Dr. Michael Pramenko, a Grand Junction family physician, says he isn’t as worried about acute cases of exposure to carcinogens in “fracking” fluid – although he has treated a patient who accidently guzzled cancer-causing benzene. Pramenko says he is more concerned with long-term exposure from tainted water.
“Are there people out there being exposed to low quantities [of carcinogens] that we won’t ever know about? Sure,” he said. “Are there going to be some cancers down the road that come about across the United States? I think that’s true.”
http://kunc.org/post/cancer-concerns-colorados-drilling-fracking-boom](https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/s403x403/148529_626574397366912_1528275424_n.jpg)
![Gov. Daniels, now president of Purdue University, demanded that @[151141887957:274:Howard Zinn]’s work be hunted down in Indiana schools and suppressed: "The obits and commentaries mentioned his book @[104076659629461:274:A People's History of the United States] is the ‘textbook of choice in high schools and colleges around the country.’ It is a truly execrable, anti-factual piece of disinformation that misstates American history on every page. Can someone assure me that is not in use anywhere in Indiana? If it is, how do we get rid of it before more young people are force-fed a totally false version of our history?" He made this statement in 2010; he and @[100526673914:274:Purdue University] have stated publicly that they stand by it today. They claim it is not an issue of censorship or academic freedom because it is "merely" about K-12! Read and share this article by @[136597079685725:274:Rethinking Schools] editor Bill Bigelow on @[32109457015:274:CommonDreams.org] "Indiana’s Anti-Howard Zinn Witch-hunt": http://bit.ly/1b016DY](https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/562631_10151546353569677_1241642106_n.jpg)
Truth News Radio Australia shared a link.
.
Exposing The Truth's photo.
Related articles
Insight: Resigned to reform, Wall St tries a different tack in DC(news.yahoo.com)
What the banks' three-year war on Dodd-Frank looks like(sunlightfoundation.com)
SEC frustrated over pace of U.S. financial crisis reforms(rythmblog.wordpress.com)
Jack Lew: Too-Big-To-Fail Dead By Year's End ... Or Else(huffingtonpost.com)
Leo W. Gerard: Money Rules(huffingtonpost.com)
New Regulations Start To Rein in Wall Street, But Don't Go Far Enough(usnews.com)
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