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by Chase Madar
If all you’ve got is a hammer, then everything starts to look like a nail. And if police and prosecutors are your only tool, sooner or later everything and everyone will be treated as criminal. This is increasingly the American way of life, a path that involves “solving” social problems (and even some non-problems) by throwing cops at them, with generally disastrous results. Wall-to-wall criminal law encroaches ever more on everyday life as police power is applied in ways that would have been unthinkable just a generation ago.
The European Union fined eight financial institutions a combined total of $2.3 billion over their alleged role in the manipulation of the London Interbank Offered Rate (LIBOR). The manipulation of LIBOR is one of the largest banking scandals of our time. According to the Economist, when the rate is manipulated, it affects payments for more than $800 trillion of financial instruments and 99 percent of all commercial products including mortgages, credit cards and pensions, as reported by CNN. Five other financial institutions, including Barclays, R.B.S. and UBS, have paid more than $3 billion combined to regulators in the United States, Britain and Switzerland over the manipulation of the LIBOR rate.
Eric LeCompte, Executive Director of Jubilee USA Network, a faith-based antipoverty organization, releases the following statement:
"These fines are a step in the right direction. This behavior hurts all of us and destroys the fabric of our economy.
"The religious community is concerned with how this manipulative behavior impacts the most vulnerable."
by David Cay Johnson
Anyone in a public-sector job looking forward to retiring in comfort should look carefully at what is going on in Detroit and Springfield, Ill. Sherlock Holmes would call it the case of the missing pension money.
News leaking out this week from the Motor City tells how the enormous gap between the pensions workers earned and the money set aside to pay for them will be closed. By stealing from the workers.
Courts, legislatures, and corporations are all working in concert not to pay the full benefits owed. For decades, political and business leaders failed to set aside the right amount of money each payday to cover the pensions workers earned and, in some cases, covered up the mismanagement of pension fund investments.
This is nothing short of theft, as pensions are simply deferred wages, that is, money that workers could have taken as cash in their regular paychecks had they not opted to set it aside.
by Nafeez Ahmad
A stunning new report compiles extensive evidence showing how some of the world's largest corporations have partnered with private intelligence firms and government intelligence agencies to spy on activist and nonprofit groups. Environmental activism is a prominent though not exclusive focus of these activities.
The report by the Center for Corporate Policy (CCP) in Washington DC titled Spooky Business: Corporate Espionage against Nonprofit Organizations draws on a wide range of public record evidence, including lawsuits and journalistic investigations. It paints a disturbing picture of a global corporate espionage programme that is out of control, with possibly as much as one in four activists being private spies.
The report argues that a key precondition for corporate espionage is that the nonprofit in question:
HOW CRIMINAL CASES SHOULD BE COVERED IN THE MEDIA
by Local Yocal
URBANA- In a recent case against a U of I football staff member, crime reporter for The News-Gazette, Mary Schenk, may have finally gone too far.
by John Nichols
Florida Congressman Trey Radel, who has wisely determined that he does not want to become an American version of Toronto Mayor Rob Ford, says he will take a leave of absence from the US House of Representatives to address his penchant for cocaine.
“I’m struggling with this disease, but I know that I can overcome it,” explains the conservative Republican.
Fair enough. The congressman wants to finally deal with an addiction problem he says he’s struggled with “on and off for years.” And there is every reason to wish him well as he does so.
But it would be good for Radel and his colleagues to note that he has identified his challenge as a disease, not a bad habit.
by Peter Dreier
Walmart’s 1.3 million workers won a big victory Monday when the National Labor Relations Board ruled that the retail giant had broken the law by firing and harassing employees who spoke out—and in some cases went on strike—to protest the company’s poverty pay and abusive labor practices.
The federal agency will prosecute Walmart’s illegal firings and disciplinary actions involving more than 117 workers, including those who went on strike last June as part of a growing movement of company employees. The ruling is likely to accelerate the burgeoning protest movement among Walmart employees, upset with low pay, stingy benefits, arbitrary work schedules and part-time jobs.
by Robert Scheer
Good old George can stop spinning in his grave. Yes, that George, our most heroic general and inspiring president, who warned us in his farewell address “to guard against the impostures of pretended patriotism. ...” It’s an alert that’s been ignored in the nation’s hysterical reaction to the attacks of 9/11 that culminated in the NSA’s assault on our Constitution’s guarantee of “the right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures. ...”
That right was reaffirmed boldly and righteously Monday, for the entire world to hear, by F. James Sensenbrenner, the Republican chair of the House Judiciary Committee, which unanimously had produced the USA Patriot Act. Speaking on Monday at the Civil Liberties Committee of the European Parliament, Sensenbrenner blasted the misuse of the Patriot Act by the NSA and other government agencies entrusted with ensuring the nation’s safety.
by Chris Hedges
NEW YORK—Jeremy Hammond sat in New York’s Metropolitan Correctional Center last week in a small room reserved for visits from attorneys. He was wearing an oversized prison jumpsuit. The brown hair of the lanky 6-footer fell over his ears, and he had a wispy beard. He spoke with the intensity and clarity one would expect from one of the nation’s most important political prisoners.
One more story demonstrating the low standard of accountability police are held to in Illinois.