The "time has come" to deal with Iran, Israeli Defense Minister Ehud Barak said Sunday, refusing to rule out military action to curb the Islamic republic's nuclear ambitions.

Barak, speaking on CNN's Fareed Zakaria GPS program, indicated that Israel's patience was wearing thin -- and provided an ominous response when asked about the growing speculation of an Israeli military strike.

"I don't think that that is a subject for public discussion," he said. "But I can tell you that the IAEA report has a sobering impact on many in the world, leaders as well as the publics, and people understand that the time has come."

The International Atomic Energy Agency published a report on November 8 saying there was "credible" information that Iran was carrying out "activities relevant to the development of a nuclear explosive device."

On Friday the IAEA's board passed a resolution condemning Iran's nuclear activities, but stopped short of reporting Tehran to the United Nations and issuing no deadline for compliance.

Capital gains are the key ingredient of income disparity in the US-- and the force behind the winner takes all mantra of our economic system. If you want even out earning power in the U.S, you have to raise the 15% capital gains tax.

Income and wealth disparities become even more absurd if we look at the top 0.1% of the nation's earners- rather than the more common 1%. The top 0.1%- about 315,000 individuals out of 315 million- are making about half of all capital gains on the sale of shares or property after 1 year; and these capital gains make up 60% of the income made by the Forbes 400.

It's crystal clear that the Bush tax reduction on capital gains and dividend income in 2003 was the cutting edge policy that has created the immense increase in net worth of corporate executives, Wall St. professionals and other entrepreneurs.

The reduction in the tax from 20% to 15% continued the step-by-step tradition of cutting this tax to create more wealth. It had first been reduced from 35% in 1978 at a time of stock market and economic stagnation to 28%. Again 1981, at the start of the Reagan era, it was reduced again to 20%- raised back to 28% in 1987, on the eve of the October 19 232% crash in the market. In 1997 Clinton agreed to reduce it back to 20%, which move was an inducement for the explosion of hedge funds and private equity firms- the most "rapidly rising cohort within the top 1 per cent."

Make no mistake; the battle that is to be fought over the coming attempt to reverse this reduction in capital gains will be bloody and intense. The facts are clear according to the Congressional Budget Office more than 80% of the increase in income inequality was the result of an increase in the share of household income from capital gains. In fact, you can go so far as to claim that "Capital Gains income is the most unevenly distributed- and volatile- source of household income," according to Laura D'Andrea Tyson, University of California business professor and former chairwoman of the Council of Economic Advisers under President Clinton.

No wonder the super wealthy plutocrats obtained the largest share of national income-- 25% of the nation's wealth- greater than any other industrial nation in the period of 1979 to 2005. Make no mistake; after unemployment- this disparity between the 1%- 3 million- or the 0.1%- the 300,000- and the other 312 million citizens of the U.S. has become the major theme of the Occupy Wall Street movement- and an important national debate.

I commend you to the late Justice Louis Brandeis warning to the nation that "We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." We have to make up our minds to restore a higher, fairer capital gains tax to the wealthiest investor class-- or ultimately face increased social unrest.

As another "holiday" weekend draws to a close, Americans have again been bombarded with exhortations to thank the U.S. military establishment for their supposed freedom. This theme pervades all aspects of American culture. Uniformed military personnel are granted privileges on airlines, discounts at restaurants, hotels, and other business establishments. This past summer, I attended my daughter's dance recital at the Tampa Performing Arts Center. At the midpoint of the performance, men in uniform were rolled out onto the stage and a long tribute followed, including patriotic-sounding music and a special dance routine, with a pair of army boots spotlighted at the front of the stage. The militarization of American culture is inescapable. That no one seems to recognize the similarity between this cultural worship of the military and the same by another militarized society of not so long ago is truly horrifying.

It may not be fashionable to say so, but I am sick and tired of being told to thank the military. The idea that thanks is owed grows out of the inability of most Americans to recognize simple cause and effect relationships. As I've said before, Americans seem to be unwilling to ask themselves the most basic questions about precisely how U.S. wars have made them freer. What are the specific results that the U.S. military has either achieved or prevented in the past 70 years that have led to this supposed increase in freedom? How would we be less free if the U.S. government did not fight one or more of those wars? While I have dealt with this at length before, let me summarize briefly:

1. U.S. citizens are not freer because the U.S. military invaded Korea.
2. U.S. citizens are not freer because the U.S. military invaded Viet Nam.
3. U.S. citizens are not freer because the U.S. military invaded Grenada (does anyone really take this one seriously?).
4. U.S. citizens are not freer because the U.S. military invaded Somalia.
5. U.S. citizens are not freer because the U.S. military invaded Kuwait.
6. U.S. citizens are not freer because the U.S. military invaded Iraq.
7. U.S. citizens are not freer because the U.S. military invaded Afghanistan.

Jerusalem -- Israel has ordered the shutdown of a dovish Israeli-Palestinian radio station, officials and the station's operators said on Sunday.

The station and other critics said the move was politically motivated, and part of a broader assault on democracy by conservative forces in the government.

Some members of Prime Minister Benjamin Netanyahu's coalition have pushed forward a series of measures recently that critics say are aimed at stifling opponents.

Among the proposed legislation are attempts to block most foreign funding for dovish nonprofit groups, lowering the threshold for politicians to file libel suits against the media, and a push to shift control of Supreme Court appointments from an independent panel to parliament.

Asian investors and central banks have begun to sell German bonds and pull out of the eurozone altogether for the first time since the debt crisis began, deeming EU leaders incapable of agreeing on any coherent policy.

Andrew Roberts, rates chief at Royal Bank of Scotland, said Asia's exodus marks a dangerous inflexion point in the unfolding drama. "Japanese and Asian investors are for the first time looking at the euro project and saying 'I don't like what I see at all' and fleeing the whole region."

"The question on everybody's mind in the debt markets is whether it is time to get out Germany. The European Central Bank has a €2 trillion balance sheet and if the eurozone slides into the abyss, Germany is going to be left holding the baby. We are very close to the point where markets take a close look at this, though we are there yet," he said.

Newt Gingrich proposed a plan Friday that would allow poor children to clean their schools for money, saying such a setup would both allow students to earn income and endow them with a strong work ethic.

Speaking at Harvard's Kennedy School of Government, the former House Speaker said his system would be an improvement on current child labor laws, which he called "truly stupid."

"It is tragic what we do in the poorest neighborhoods, entrapping children in child laws which are truly stupid," Gingrich said. "Saying to people you shouldn't go to work before you're 14, 16. You're totally poor, you're in a school that's failing with a teacher that's failing."

Gingrich then proposed a system he said would help those students rise from poverty.

Much is made in the rush to war with Iran of Ahmadinejad's alleged saying that Israel should be "wiped off the map". I am not an Iranian speaker and not qualified to enter the debate as to whether that is, or is not, an accurate statement. I view Ahmadinejad as a thug anyway, irrespective of any linguistic quibble.

But it is quite astonishing that Netanyahu's declared, published and open intention to wipe the Palestinians from the map gets nil publicity in the west. The source for this is impeccable: Likud's party platform as presented on the website of the Knesset.

This is absolutely compulsory reading for anybody who was taken in by the opposition to Palestinain statehood "without negotiation" as explained by the Israeli stooges in western governments. This is the actual, official Israeli policy:

The Jordan Valley and the territories that dominate it shall be under Israeli sovereignty. The Jordan river will be the permanent eastern border of the State of Israel.

I am glad to see the renewal of interest in "vulture funds," where predatory elites buy up bits of the debt of impoverished nations from various creditors - at pennies on the dollar - then use the courts of the 'developed,' 'civilised' world to force the debtor to cough up the full amount, plus punitive interest payments. The Guardian is running a series of articles on this heinous practice (here, here, here, here, here, here and here), and CounterPunch has a good piece as well.

I wrote about vulture funds back in 2007. This was one of the many posts which were destroyed in the many hack attacks on the website. So I'm taking the opportunity to re-post it full here, as background to the new push to combat these avid feasters on human misery.

Oakland police investigating after ex-marine Kayvan Sabehgi suffered a ruptured spleen in apparently unprovoked incident


The video shows Kayvan Sabehgi being hit numerous times by an officer clad in riot gear. Link to this video.

Video footage has emerged of a police officer beating an Iraq war veteran so hard that he suffered a ruptured spleen in an apparently unprovoked incident at a recent Occupy protest in California.

The footage, which has been shared with the Guardian, shows Kayvan Sabehgi standing in front of a police line on the night of Occupy Oakland's general strike on 2 November, when he is set upon by an officer.

A lot of people were puzzled about what German Chancellor Angela Merkel meant when she recently stated that the ultimate solution to the financial crisis in the EU would "mean more Europe, not less Europe". Well, now we are finding out. A leaked internal German government memo entitled "The Future of the EU: Required Integration Policy Improvements for the Creation of a Stability Union" actually proposes the creation of a "European Monetary Fund" which would be given the power to run the economies of troubled European nations. This "stability union" would be quickly followed by the creation of a full-fledged "political union". Essentially, this leaked memo proposes the creation of a "European Superstate" which will be crammed down the throats of the rest of Europe whether they like it or not. National sovereignty would be a thing of the past and European bureaucrats would run everything. Of course this will never be accepted by the people of Europe until they feel the bitter pain of the coming financial collapse, but we are starting to see that there is already a clear plan for what the Germans wish to implement in the aftermath of the coming crisis.