Montreal Simon: Donald Trump and the Betrayal of the Working Class

I used to stare at those pictures of Donald Trump preaching to his white working class supporters, and wonder how that old con artist managed to fool so many of them.Make them believe that a billionaire who sits on a gold plated toilet seat was on THEIR side.And that he would bring back their lost jobs, fight the ...

Bill Longstaff: The man from Goldman Sachs comes to Canada

U.S. President Obama has nominated another one of his major fundraisers as ambassador to Canada. Like David Jacobson, the current ambassador, nominee Bruce Heyman was a “mega-bundler” for Obama’s presidential campaigns, helping to raise millions of dollars. Unlike Jacobson, a lawyer, Heyman is Wall Street all the way, having toiled at Goldman Sachs for the ...

Cowichan Conversations: So You Want To Make Few Extra Bucks? Simple-Start Up A Hedge Fund!

Richard Hughes PoliticalBlogger As a retired guy from time to time I think that it would be nice to bring in a few extra bucks. Problem is that generally people actually want you to produce something of benefit to them, provide a service or some other such time consuming sacrifice. Well that is a mugs ...

Politics and its Discontents: For Some Insight Into The Corporate Mentality

…you might want to watch this: Recommend this Post

Art Threat: News Remix: March 15-22, 2012 – Bricolage of (some of) last week’s headlines

This is the first in a new (ir)regular installment summing up last week’s news headlines using a ‘remix’ style — a quirky restless glance into the wreckless feckless immediate past. (Inspired by Harpers Magazine’s ‘Scientific Summary’.)  Aerial photo of tsunami debris from Japan US peacekeeping forces joined with Congolese army troops to attack rebel militants hiding ...

Pushed to the Left and Loving It: Will the Flaherty-Harper Ticking Time Bomb be Detonated?

In Jim Flaherty’s first budget, he announced that his government was opening up the housing market to  private insurers.  “These changes will result in greater choice and innovation in the market for mortgage insurance, benefiting consumers and promoting home ownership.” Loosely translated, the sub-prime mortgage industry was heading north, and so was AIG. On May ...

Pushed to the Left and Loving It: Even Canadian Bankers are Hoping that the "Occupy" Movement is a Success

The Organization for Economic Co-operation and Development (OECD) released a report yesterday, showing that Canada’s income disparity is growing faster even than that of the U.S.  Low paying jobs and a diminishing middle class, are partly to blame, but also deregulation, that allowed the wealthy to become even wealthier, is a huge factor. Jim Flaherty was ...

Politics and its Discontents: A Former Goldman Sachs Partner Pontificates on the Real Reason for Our Sorry Financial State

For those who can stomach hypocrisy, I highly recommend this video in which we are told by a wealthy banker that the true source of our troubles is socialism: Recommend this Post

Politics and its Discontents: The Trial of Goldman Sachs

Even if you only have time to watch the opening statements by Chris Hedges and philosopher, activist and professor Cornell West, this video, a mock trial of Goldman Sachs by members of Occupy Wall Street, is well-worth watching. The array of ‘crimes’ committed by the investment banker and the absence of any meaningful penalty for ...

Politics and its Discontents: Finding Freedom in Handcuffs

That is the title of Chris Hedges’ latest column at truthdig.org, written after his arrest for sitting on the sidewalk in front of Goldman Sachs in New York. It is a powerful indictment of the immorality that pervades the ethos of unfettered capitalism, and a poignant reflection on some of the experiences that led Hedges ...

Politics and its Discontents: Chris Hedges’ Indictment of Goldman Sachs

Prior to his arrest the other day for sitting on the sidewalk in front of Goldman Sachs, Chris Hedges issued the following indictment of the investment banking and securities firm: Goldman Sachs, which received more subsidies and bailout-related funds than any other investment bank because the Federal Reserve permitted it to become a bank holding ...

Pushed to the Left and Loving It: It’s Not About Occupying Wall Street But How Best to "Occupy" Ourselves

In the 1960s, college and university campuses, known for their apathy, began to erupt into political activism. Rosa Parks, the black woman who refused to move to the back of the bus, inspired many to stand up, or perhaps more appropriately, “sit-in”, for racial equality. Her actions had sparked the Montgomery Bus Boycott, and a ...

Pushed to the Left and Loving It: Swindlers Revisited: Why Canada’s Occupy Wall (Bay) Steet Movement is Important

A friend left a comment on my blog yesterday, reminding me of a book I had read several months ago, Swindlers.  She was just in the process of reading it herself.  Timely, given the current protests against Wall Street greed. Anyone questioning why citizens have taken to the streets, need to read this book. In ...

350 or bust: Chris Hedges: At This Moment In History, Either You Are A Rebel Or A Slave

Chris Hedges, Pulitzer Prize-winning war correspondent and author, had this to say about the “Occupy Wall Street” movement last week: “The only word that these corporations know is ‘more’…There is no way within the American system to vote against Goldman Sachs…Speculation in the 17th century was a crime. Speculators were hanged. Today they run the ...

Pushed to the Left and Loving It: Will Canadians Finally Rise Up Against the Evils of Neoconservatism?

I mentioned the musician Tom Morello, who had appeared on Bill Maher recently, discussing social issues.  I was so impressed with his genuine concern for societal imbalance and dedication to several causes. Morello spoke of the “occupation of Wall Street” by folks who had just had enough.  One member of the panel belittled the protesters, ...

Red Tory v.3.0.3: Dreaming of Recession

Well, here’s something rather unusual… Appearing earlier today on BBC, Alessio Rastani, an independent stock trader, confessed to a stunned interviewer that, like most of his colleagues on Wall Street (or in the City of London), they “don’t really care that much” how world leaders claim they’re going to fix the economy as their job ...

Writings of J. Todd Ring: Why isn’t Wall St. in jail? And come to think of it, why isn’t Obama?

I don’t usually repost other people’s writings, but this article is too hard-hitting and important to pass up. If we want to understand better what is wrong with the economy and politics, this sheds more than a little light, and confirms the gut instincts of the great majority of people today. Yes, we live in ...

Bill Longstaff: Goldman Sachs boss lawyers up

Will justice ever be done? This is a question U.S Investors have been asking about the recent financial crisis. Specifically, they have queried why no criminal charges have been laid against Goldman Sachs or any other investment bank whose greed and recklessness led to the crisis. They may finally be getting an answer with the ...

Pushed to the Left and Loving It: JP Morgan Fined $153.6M For Doing God’s Work

It is becoming increasingly evident that the so-called “Economic Crisis” was carefully engineered to force governments to tear down their welfare states. The 153.6 million fine for JP Morgan is a drop in the bucket, when we look at the billions of dollars given in bailout money, much of which went to pay bonuses to ...

Death By Trolley: The Wall Street Triple-Penetration

The Young Turks have ran a number of stories on how major investment banks have gamed the US and global economic systems. In the video presented below, they discuss how major investment bankers (e.g., Goldman Sachs) have effectively triple penetrated their investors and the global oil market, which affects all of us by driving up ...