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Wednesday, Sep 02nd

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Confessions Of A Wall St. Nihilist: Forget About Goldman Sachs, Our Entire Economy Is Built On Fraud

That may be true, but all bubbles to eventually burst, all Ponzi schemes do collapse. The only question is when. For those of us not on the verge of retiring, the sooner we have this day of reckoning and get it over with, the better.

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Israel's tyranny of the majority is dangerous

 Share | Israel's tyranny of the majority is dangerous The only democracy in the Middle East is perhaps unique, but it's doubtful if it's the real thing. Results of a poll published in Haaretz yesterday reflect what has been known for a long time: a combination of ignorance, a basic lack of understanding and a fascist mood. An ill and dangerous wind is blowing toward a government that is threatened with collapse.

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A Middle East Peace That Could Happen (But Won't)

A Middle East Peace That Could Happen (But Won't)The U.S. and Israel have been acting in tandem to extend and deepen the occupation.  In 2005, recognizing that it was pointless to subsidize a few thousand Israeli settlers in Gaza, who were appropriating substantial resources and protected by a large part of the Israeli army, the government of Ariel Sharon decided to move them to the much more valuable West Bank and Golan Heights.

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Noam Chomsky Has ‘Never Seen Anything Like This’

Naom ChomskyNoam Chomsky is America’s greatest intellectual. His massive body of work, which includes nearly 100 books, has for decades deflated and exposed the lies of the power elite and the myths they perpetrate. Chomsky has done this despite being blacklisted by the commercial media, turned into a pariah by the academy and, by his own admission, being a pedantic and at times slightly boring speaker.

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No One Is to Blame for Anything

We live in a culture where accountability and responsibility are forgotten values.We live in a culture where accountability and responsibility are forgotten values.“I was right 70 percent of the time, but I was wrong 30 percent of the time,” said Alan Greenspan as he testified last week on Capitol Hill. Greenspan — a k a the Oracle during his 18-year-plus tenure as Fed chairman — could not have more vividly illustrated how and why geniuses of his stature were out to lunch while Wall Street imploded.

No doubt he applied his full brain power to that 70-30 calculation. But the big picture eludes him. If the captain of the Titanic followed the Greenspan model, he could claim he was on course at least 70 percent of the time too.

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Iraq war video raises more than just ethical and legal questions

Footage from a U.S. military helicopter of Iraqis being killedFootage from a U.S. military helicopter of Iraqis being killed offers a close-up of the ugliness of war. But the picture is incomplete unless we consider what happened before and what happens after.

It is a given that governments try to control information in times of war, and they are particularly sensitive to photographs that reveal the hideousness of battle.

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Occupied Washington DC

F-35 Lightning IIAs a visitor to our nation's capital, I cannot tell you how disconcerting it is to step off the metro and find yourself face to face with a F-35 fighter jet. Where you would normally expect to find ads for cell phones or museum exhibitions, Washington's subway, the second busiest in the country, instead displays full color backlit billboards for some of the most deadly – and expensive – weapons systems ever produced.

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