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ECM WORLD WATCH: GLOBAL AND NATIONAL NEWS

 
May 22, 2012 --  (San Diego’s East County) – ECM World Watch helps you be an informed citizen about important issues globally and nationally. As part of our commitment to reflecting all voices and views, we include links to a wide variety of news sources representing a broad spectrum of political, religious, and social views. Top world and U.S. headlines include:   
 
 
 
 
 
 
U.S.
  • Obama spending binge never happened (Wall Street Journal’s Market Watch)
  • GOP Senators push for Medicare cuts (The Hill)
  • Wall Street rebounds, but investors dump Facebook (Reuters)
  • As NATO summit wraps, Romney and Obama trade attacks (USA Today)
  • This terrifying amendment legalizes use of propaganda on the U.S. public (Business Insider)
  • Republican-led House votes to allow military action against Iran (RawStory)
  • CEOs who delivered the most and least bang for the buck (Wall Street Journal)
  • Facebook users file class action over online tracking (RawStory)
  • Romney, Obama in dead heat, new poll finds (Washington Post)
  • Troops face same risk of brain-wasting disease as football players (KPBS)
WORLD
  • U.S. Senate approves bill to toughen Iran sanctions (BBC)
  • Italy earthquake: Monti prepares for state of emergency (BBC)
  • Suicide bomber kills 90 in Yemen (Reuters)
  • Despite end to Afghan war in 2014, U.S. to shoulder burden of funding (Fox News)
  • A look at ‘wind turbines of the deep’ (BBC)
Read more for excerpts and links to full stories.
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ECM WORLD WATCH: GLOBAL AND NATIONAL NEWS



April 5, 2012 --  (San Diego’s East County) – ECM World Watch helps you be an informed citizen about important
issues globally and nationally. As part of our commitment to reflecting all voices and views, we include links to a wide variety of news sources representing a broad spectrum of political, religious, and social views. Top world and U.S. headlines include:    
    
U.S.
 
  • ‘9-11 planners’ set for Guantanamo Bay trial (BBC)
  • Stocks resume their strong ride (Wall Street Journal)
  • Bankrupt meat processor cites “pink slime” uproar (Reuters)
  • With autism rising, researchers step up search for a cause (USA Today)
  • Romney sweeps Tuesday primary contests (CNN)
  • Arizona bill would declare pregnancy begins two weeks before conception (RawStory)
  • Does a chocolate habit help you learn? (NPR)
 
WORLD 
  • Bombing shatters Mogadishu bid to showcase peace (Seattle Times)
  • Like the U.S., Europe wrestles with healthcare (NPR)
  • Invisible Children to release “Kony 2012” sequel today (10 News)
  • Greek pensioner left suicide note of economic despair (VOA)
  • U.N. spells out Syria peace plan deadline amid skepticism (LA Times) 
 
Scroll down for excerpts and links to full stories. 
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CONGRESSWOMAN SUSAN DAVIS PUSHES FOR RESOURCES TO REGULATE WALL STREET

 
March 25, 2012 (Washington, D.C.) -- Congresswoman Susan Davis (D-San Diego) moved to make sure adequate resources are available for a strong enforcement mechanism to protect consumers. Davis and 98 of her colleagues sent a letter to House appropriators urging robust funding for the Commodities Futures Trading Commission (CFTC).  The CFTC is charged with regulating Wall Street, which includes speculation in the oil markets that are driving up gas prices.
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QUOTE OF THE WEEK

 

March 24, 2012 (Washington, D.C.)  “There is now more supply…available in America today than there was three years ago when the price of gas was a buck ninety a gallon. There’s less demand now than there was at any time since 1997, so we’re not looking at a supply and demand problem. What we also know is that over eighty percent of the oil futures market is not controlled by people who actually use the oil, airlines, etc. , but by Wall Street speculators like Goldman Sachs/Morgan Stanley…The root of the problem is that our friends on Wall Street who caused this recession through their greed are at it again, and by manipulating oil futures market they’re driving up prices” – Senator Bernie Sanders, Vermont,  only Independent member of Congress. 

 

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HOW IS THE ECONOMIC MELTDOWN IMPACTING OUR COMMUNITY? CPI SPEAKER TO ADDRESS ISSUE DEC. 7 IN LA MESA

December 1, 2011 (La Mesa) -- Clare Crawford, Executive Director of the Center on Policy Initiatives, will address the La Mesa-Foothills Democratic Club about the 2008 economic meltdown and its effect on our community. The event will take place at the La Mesa Community Center, 4975 Memorial Drive in La Mesa on December 7 from 7:00 until 8:30 p.m. during the Club’s holiday party. All community members are invited to attend this free event.

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1 MILLION CUSTOMERS PULL MONEY OUT OF BIG BANKS, MOVE CASH TO CREDIT UNIONS


National movement to support Main Street, not Wall Street, yields big impact

Story by Miriam Raftery
Photos by Jerry Malamud and Ron Logan

 

November 5, 2011 (San Diego) –“As of today, one million American consumers are hurling a lightning bolt at the big banks, moving their money out,” Diane Sawyer at ABC news reported Friday.

 

That report aired before today's target date set by the “Move Your Money” movement for consumers to strike back at Wall Street banks blamed for the financial meltdown. Across America, people are heeding the call, shifting their funds into credit unions or locally-owned banks.

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POLITICAL WRANGLING: WITH THE WAR OVER, NOW CAN WE CREATE JOBS?

By Buck Shott

October 25, 2011 (San Diego’s East County)—While the President announced the end of the Iraq War (bringing all troops home for the holidays—permanently) and rolled out a jobs bill to put Americans back to work, Republican candidates announced plans to cut off student aid, deregulate Wall Street robber barons, and jack up taxes on the poor and middle class. No, I’m not making this up.
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WILL YOUR PENSION FUND HAVE ENOUGH MONEY WHEN YOU RETIRE? PENSION UNDER-FUNDING IS A “TICKING TIME BOMB” EXPERT WARNS

 

Calls for end to Wall Street fund managers speculating with retirees' money

 

"Don't let anyone tell you that the problems with public pensions are the results of groups of avaricious kindergarten teachers and DMV workers...The fault lies with Wall Street. They abused these funds--while pocketing billions to run them into the ditch." -- William Lerach

By Miriam Raftery
 

May 10, 2011 (La Mesa) – “What might we be able to do to avoid financial Armageddon?” asked William Lerach, who led prosecutions against some of America’s most powerful corporations including ENRON, recovering billions for defrauded shareholders. “Next year, 77 million baby boomers will hobble into retirement.”  He warned that corruption and mismanagement by Wall Street managers has led to public and private pension funds that are severely underfunded. He calls the situation a “ticking time bomb” -- and proposes a solution.

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WILL POWER REPORT: OBAMA ORDERS MASSIVE FINANCIAL RESTRUCTURING

 

Nothing but the truth!

 

By Will Power

 

April 1, 2011 (Washington D.C.) -- In an unprecedented turnabout, President Barack Obama announced he is confiscating the excess profits of banks and brokers who profited from the recent Wall Street Crash. All the bonuses paid out will be seized and used to pay down the national debt.

 

Even more important, President Obama ordered oil companies and pharmaceutical companies to lower their prices by 25% , or face nationalization. The third important change was a halt to all home foreclosures, Homes which are in danger of foreclosure are ordered into arbitration and refinancing.

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