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by Editors — last modified Nov 16, 2014 01:32 PM
Contributors: Faiz Ahmed, JBB, Graham H. Cox, R. Dubois, JA Cox

Wall Street is Taking Over America’s Pension Plans | The Intercept

by Graham H. Cox last modified Nov 20, 2014 05:04 PM
" But Wall Street’s agenda goes beyond any one election cycle. It has been fighting to turn public pensions into private profits for quite some time, steering retirement nest eggs into investments that are complex, charge hefty fees, and that generate big profits for management firms. And it has been succeeding. Of the $3 trillion in public assets currently in pension funds throughout the country, almost a quarter of that has already found its way into so-called “alternative investments” like hedge funds, private equity and real estate. That translates to roughly $660 billion of public money now under private management, invested in assets that are often arcane and opaque but that offer high management and placement fees to Wall Street financiers."

The link address is: https://firstlook.org/theintercept/2014/11/20/huge-wall-street-story-one-talking/

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New report outlines the threat of CETA’s corporate rights protections | Scott Harris

by Graham H. Cox last modified Nov 20, 2014 02:18 PM
"For Canada, the report points to new risks posed by CETA’s expansive new corporate rights in the financial sector, which go far beyond NAFTA’s existing disciplines in the banking and insurance industries. “The risks for Canada of being sued by banks, insurers and holding companies will increase significantly with CETA. These risks are evident as speculative investors, backed by investment lawyers, are increasingly using investment arbitration to scavenge for profits by suing governments in financial crises. Also, most investment is coming to Canada from exactly those EU countries where investors are notorious claimants in investor-state disputes: the Netherlands and the UK.”"

The link address is: http://www.canadians.org/blog/new-report-outlines-threat-ceta%E2%80%99s-corporate-rights-protections

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£9,000-a-year students fight for a free education | Morning Star #cdnpse

by Graham H. Cox last modified Nov 20, 2014 02:01 PM
" Red flares were lit and chants of “Tory scum, here we come” rang out as thousands surged down Whitehall towards Westminster. They were met with a ring of steel but tore down the fences around Parliament Square after a brief scuffle with the police. Hundreds flooded onto the square when officers fled but most finished the largely peaceful march at a rally further down the road. Student spokeswoman Deborah Hermanns said the march was “just the beginning” of a new movement to scrap tuition fees. "

The link address is: http://www.morningstaronline.co.uk/a-25e3-9,000-a-year-students-fight-for-a-free-education

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Why the economy sucks (in one chart) | Toby Sanger

by Graham H. Cox last modified Nov 19, 2014 10:49 AM
" If we have a balanced budget and federal taxes have been cut to the lowest share of the economy in 70 years, why is out economy growing so slowly? It certainly isn’t because interest rates are low: instead they’re close to historic lows, so low they could fuel another asset boom and bust. It isn’t because businesses lack money to invest: they have a record $600 billion of excess cash they aren’t investing in the economy. It isn’t because we’re lacking labour: there are over 1.2 million officially unemployed with hundreds of thousands more underemployed."

The link address is: http://www.progressive-economics.ca/2014/11/12/why-the-economy-sucks-in-one-chart/

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Capitalism's Victims

by JBB last modified Nov 19, 2014 10:02 AM
by Sarah Waters | Jacobin | Increasingly dehumanizing work has caused an epidemic of suicides in France.

The link address is: https://www.jacobinmag.com/2014/11/capitalisms-victims/

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Free and Unequal

by JBB last modified Nov 19, 2014 09:52 AM
by Giulia Pines | Jacobin | Higher education should be free. But we can’t just copy the flawed European model.

The link address is: https://www.jacobinmag.com/2014/11/free-and-unequal/

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Trading Away Democracy: How CETA’S Investor Protection Rules Threaten the Public Good in Canada and the EU | TJN

by Graham H. Cox last modified Nov 19, 2014 09:58 AM
"On September 26, 2014, Canada and the European Union (EU) announced the conclusion of a far-reaching economic integration agreement, the Comprehensive Economic and Trade Agreement (CETA). The agreement includes an investor-state dispute settlement (ISDS) mechanism, which could unleash a corporate litigation boom against Canada, the EU and individual EU member states, and could dangerously thwart government efforts to protect citizens and the environment."

The link address is: http://www.tradejustice.ca/trading-away/

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#WalmartGlobal: why we’re taking on the world’s largest employer | Equal Times

by R. Dubois last modified Nov 19, 2014 09:10 AM
"Today, Walmart workers around the world are taking to the streets in protest. They are calling on their employer and its owners – the obscenely rich Walton family – to provide a living wage and decent work. As the world’s largest private employer Walmart represents inequality run wild."

The link address is: http://www.equaltimes.org/walmartglobal-why-we-re-taking-on#.VGykZYVhW2c

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Hockey millionaires and pharmacare tell you all you need to know about who the CTF really works for

by JBB last modified Nov 19, 2014 08:18 AM
David J. Climenhaga | Rabble.ca | You'd think the "tax fighters" at the so-called Canadian Taxpayers Federation would see the potential of a national pharmacare that could save taxpayers $11 billion a year. Guess again.

The link address is: http://rabble.ca/blogs/bloggers/djclimenhaga/2014/11/hockey-millionaires-and-pharmacare-tell-you-all-you-need-to-know

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