Speakout is Truthout's treasure chest for bloggy, quirky, personally reflective, or especially activism-focused pieces. Speakout articles represent the perspectives of their authors, and not those of Truthout.
According to the mostly ignored and hardly covered piece of news from a couple of weeks ago, it turns out that 11 of the 28 European Union countries have been scolded by the European Commission for failing to implement a new set of rules intended to prop up failed banks. Known as the Bank Recovery and Resolution Directive (BRRD), the stated purpose of the newly required rules is to purportedly protect taxpayers from having to cover the losses of any possible future bank failures, similar to the failures that occurred back in 2008. Taking the place of the more conventional taxpayer-funded "bail-outs," banks would see their losses recapitalized with the newly-minted practice of the "bail-in."
A bail-in, in case you aren't familiar with it, is the emerging alternative to the well-known bail-out. Back in 2008 when a slew of "too big to fail" (TBTF) banks crumbled due to $147 barrels of oil and the bursting of the housing bubble, the entire financial system was put at risk and was deemed to be in need of a rescue. What occurred was an influx of money from outside sources to cover the bank losses, one example being the $700 billion life-line from the US government (which essentially means from the US taxpayer). This is known as a bail-out.
Washington, DC – The dome was encased in a rigid web of scaffolding as I rushed by. Looking up at it on my way to the corner of Independence Avenue and New Jersey Avenue SE, I saw a country trying to hide a fatal illness. It's beyond repair, I mumbled to myself, thinking about the deep underlying rot I see everywhere I look.
Walking in the shadow of the Capitol Building in the day's rising heat, my ears were still ringing. Made uneasy by the inadequate yet intensifying public scrutiny faced by the Federal Energy Regulatory Commission (FERC), the captive government agency that receives its funding from the very industry it purports to regulate, the rule-makers there no longer allow its outspoken critics inside the room where monthly public meetings are held. Instead, we're relegated to an overflow room where we have to watch the meeting's proceedings on a screen. That's where I'd just come from.
Along the rugged coast of northern California's Humboldt County, maritime history is being made. June 20th marked the launch ceremony of the rebuilt sailing ketch, the Golden Rule, after four years of hard work by a restoration team led by Veterans for Peace. As we shall see, the Golden Rule is no ordinary sailboat.
If you are old enough, you may recall that in the 1950's, the U.S. military used the Marshall Islands as the primary site for its atmospheric nuclear weapons testing. As is now known, those huge nuclear detonations in the Western Pacific were wreaking havoc on the environment and human health. In fact, with each monstrous explosion, readily detectable clouds of radioactive fallout wafted around the planet, and contamination began to turn up in cows' and mothers' milk. Increasingly, skepticism grew about government assurances that there was no danger.
Iraq Veterans Against the War (IVAW) member and activist Scott Olsen was the featured guest on Tim "Sole" Holland's podcast titled Solecast on June 3, 2015. The Occupy Wall Street movement galvanized after the life-threatening attack on Olsen when he was put into a coma after being hit in the head with a bean bag round shot by police at an Occupy Oakland protest on October 25, 2011. In March 2015, Olsen was awarded 4.5 million by the city of Oakland after a federal lawsuit was filed concerning his injury. Olsen discussed IVAW, militarization of the police, Occupy Oakland, ISIS, the surveillance state and creating cultures of resistance.
Pakistan needs to be consistent on Muslim hot-zones worldwide and not just in Palestine.
The Rohingya Muslim situation offers Pakistan two distinct choices: It can either sever diplomatic ties with Myanmar over the "slow genocide," orrecognize the Jewish State of Israel as extending to its pre-1967 borders. A failure to act now will confirm Pakistan's status as a money-stuffed mouthpiece of the Arab League.
Books about how World War I started, and to a lesser degree how World War II started, have tended in recent years to explain that these wars didn'tactually come as a surprise, because top government officials saw them coming for years. But these revised histories admit that the general public was pretty much clueless and shocked.
The fact is that anyone in the know or diligently seeking out the facts could see, in rough outline, the danger of World War I or World War II coming years ahead, just as one can see the threats of environmental collapse and World War III approaching now. But the general public lacked a decent understanding prior to the first two world wars and lacks it now on the looming dangers created by environmental destruction and aggressive flirtation with World War III.
The frail, white-haired little lady stepping slowly up onto the stage of the Babylon cinema theater in Berlin – to giant applause – was not wearing a collegiate cap and gown. But she had undoubtedly made academic history. Two weeks earlier Ingeborg Rapoport had been awarded a doctor’s degree – at the age of 102! And after 78 years!
Her amazing story had just been show in a full-length TV documentary film to an audience filling every last seat. Not so many had known the Rapoports, wife and late husband, but all had read the news item a few days earlier about how she had properly defended her dissertation of 1938 about diphtheria and paralysis, then gone to the university in Hamburg two weeks later to receive a degree denied her many years ago. That news story filled the theater.
The once-and-only - and hugely popular and successful - plebiscite so far in this country's history has been on the 1982 nuclear-freeze issue. In view of the 99%'s fury over today's unanswered and crucial domestic issues, the winning presidential candidate might be smart enough to junk expensive polls, focus groups, and "closed" circuit audiences and, instead, resurrect an informal plebiscite on those issues.
No need for an Executive Order to set one up. Or Congressional or local legislation. Or voter-registration officials' approval. Just get the local campaigners and/or grass-roots groups to run them at state fairs or other major events - but especially at shopping malls the weekend before schools open.
Venezuelan Indians blocked the landing strip of Canaima National Park, a UNESCO World Heritage Site, in protest at illegal miners destroying their lives and lands.
Over the last decade, illegal mining for gold, diamonds and other minerals – some run by armed gangs claiming to be members of Colombia's guerrilla army FARC – has spread like wildfire through the Venezuelan Amazon, affecting tribessuch as the Yanomami, Hoti, Eñepa, Yekuana and Arekuna.
Why is the Obama administration ripping a Northern California mom away from her four children – even though she was the victim of a violent crime?
We are rallying behind a mom named Rosa whom San Francisco-based Immigration and Customs Enforcement (ICE) officials have wrongfully separated from her family for nearly two months. This same office, has the power to use Prosecutorial Discretion-- to reunite Rosa with her family.