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Signs of the Times for Thu, 13 Apr 2006

By MARTIN CRUTSINGER
AP Economics Writer
12 April 06
WASHINGTON - Government spending hit an all-time high for a single month in March, pushing the budget deficit up significantly from the red-ink level of a year ago.

In its monthly accounting of the government's books, the
Treasury Department reported Wednesday that federal spending totaled $250 billion last month, up 13.7 percent from March 2005.

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Agence France Presse
12 April 06
A core group of US consumers will continue to buy large sports utility vehicles (SUVs) even if gasoline prices rise to four dollars a gallon and stay that way, a senior executive at the Ford Motor Company said.

"There is a certain portion of the marketplace and customers who want that flexibility that is provided with a traditional SUV," Mark Fields, president of the automaker's Americas division, said during a conference with analysts.

"So I don't think our strategy would change too much."

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By Charles Sullivan
Information Clearing House
12 April 06
Most of the workers in this country are at will employees who have no protection from the tyranny of their employers, and no recourse to the law when they are unjustly fired, as so many are. Yet they are too timid and too frightened to rebel. The situation demands bold action. The streets should be filled with angry and indignant protesters committing acts of civil disobedience, economic disruption and sabotage against an unjust system of wage slavery. But the masses remain well behaved, resigned to their fate of servitude; content with the few morsels that fall from the tables of the rich. There should be social unrest, angry mobs in the streets that refuse to go away and a revival of revolutionary unionism.

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Financial Express
11 April 06
MOSCOW - Fearful of Russia helping Iran build a nuclear bomb and the Kremlin reverting to authoritarianism, the US is threatening Mosow with economic retaliation, a media report said on Tuesday.

"The United States is the last major country to put up obstacles to Russian entry to the WTO.

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By Paul Street
Information Clearing House
One of the great privileges of power is the right to attack others for doing --- or allegedly doing (see below) --- exactly what you do without anybody who matters calling you on your hypocrisy. Think of the affluent white Americans who criticize the alleged personal irresponsibility, cultural inadequacy, and welfare dependency of the inner city poor. Never mind that the these wealthy Americans engage in an ongoing orgy of conspicuous and ecologically toxic consumption. Forget that they typically invest in and/or receive generous salaries from corporations that receive massive public subsidies while cheating customers, subverting regulations, deepening inequality, slashing wages and benefits, abandoning communities, discriminating against women and minorities, and/or otherwise contributing to human misery at home and abroad. Such blantant hypocrisy generally proceeds without without public notice or exposure.


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By MIKE McINTIRE and RAYMOND HERNANDEZ
NY Times
12 April 06
Corning Inc., one of upstate New York's largest and oldest employers, has supported Republican candidates for so long that its chairman once joked that it had not raised money for a Democrat since 1812.

But since Hillary Rodham Clinton was elected to the Senate in 2000, Corning and its mainly Republican executives have become one of her largest sources of campaign contributions. And in that time, Mrs. Clinton has become one of the company's leading champions, delivering for it like no other Democratic lawmaker.

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by Cloy Richards
OpEdNews
There was a small blip the other day on the business channel about millionaires. Seems as though the latest count put them at more than eight million. This was money over and above any equity in their homes.

It is ironic that forty years after Johnson started his war on poverty this country now has a higher per-centage of the population living in poverty, but we've managed to increase the number of millionaires eight-fold.

Does this suggest we might be doing something wrong?

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Prensa Latina
10 April 06
La Paz - The government of President Evo Morales ratified Monday its refusal to sign agreements with the International Monetary Fund or a free trade treaty with the US.

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