Showing posts with label Corruption. Show all posts
Showing posts with label Corruption. Show all posts

Thursday, March 8, 2012

What can political donors learn from history?

What can political donors learn from history?

Sheldon Adelson Adelson could probably finance an entire presidential campaign on his own, Forbes Magazine says

A billionaire Las Vegas casino magnate has said he might donate $100m (£64m) to support Republican Newt Gingrich's presidential campaign. He joins history's long list of great - and ignominious - political money men.

Sheldon Adelson, who is worth an estimated $25bn, is almost single-handedly responsible for keeping Mr Gingrich's bid for the Republican nomination afloat, analysts say.

He and his wife have already donated $10m to a nominally independent political fund that has bought adverts for the former House speaker's campaign.

"What scares me is the continuation of the socialist-style economy we've been experiencing for almost four years," Mr Adelson told Forbes Magazine.

"That scares me because the redistribution of wealth is the path to more socialism, and to more of the government controlling people's lives."

Mr Adelson's big contributions place him among a new generation of US political money men freed to donate millions by recent Supreme Court decisions that overturned campaign finance restrictions.

But he is part of a long tradition - stretching back into antiquity - of wealthy men who used their cash to buy political influence.

Here are some lessons he could heed:

Lesson 1: Patronage can yield profits

Crassus Crassus, seated, enabled Caesar's rise by backing his debts and funding his campaign for consul

Known to historian Plutarch as "the richest of the Romans", Marcus Crassus got even richer by staking Julius Caesar's military career and his later election as Roman consul.

"We never would have heard of Caesar without Crassus," says Philip Freeman, chairman of the classics department at Luther College in the US state of Iowa and author of a recent biography of Caesar.

Born in a household of relatively modest means, Crassus aligned himself with Roman dictator Sulla and grew rich by taking property Sulla had expropriated from his own political enemies.

He made "the public calamities his greatest source of revenue", Plutarch wrote, and also made lots of money as a contract tax collector.

In 61BC, Caesar was named to a military post in Spain, but his creditors sought to prevent him from leaving Rome.

Crassus guaranteed his debts - to the sum of about $23m (£14.6m) in 2012 figures, by Prof Freeman's calculation.

Two years later, Caesar ran for election as consul, the highest political office in the Roman republic. Crassus funded his campaign, which depended on officially condemned but widespread vote-buying, Freeman says.

In return, Caesar pushed through legislation giving the contract tax collectors a break in the amount of money they had to return to the central government.

"It's like if Mr Gingrich got to be president and passed a bill making casinos tax exempt - for his benefactor back in Las Vegas," says Prof Freeman.

"It was a great financial play for Crassus purely in monetary terms."

Lesson 2: Have an exit strategy

Sir William de la Pole of Hull was a 14th-Century wine importer, wool merchant and financier who lent staggering sums of money to King Edward III to finance his lavish lifestyle and his wars in France and Scotland.

"There's no doubt that Pole did acquire a great deal of wealth, and wealth brought him social status," says Jonathan Sumption, a historian and jurist who has written three volumes about The Hundred Years War.

"His sons went on to become Earls of Suffolk, noblemen, which nobody would have accused William of being. You couldn't do much better than that. This was simply the normal way in which money was converted into status."

Pole's involvement with the crown began in earnest in 1327, when he lent Edward III £2,001 (about £1.4m in today's money, according to Measuringworth.com, a calculator devised by economists at the University of Illinois at Chicago) to hire mercenaries to fight the Scots.

In 1336-1337, Edward III sought to exploit the wool industry to finance the start of the Hundred Years War with France.

Pole organised other wool growers into the Wool Company, in effect purchasing from Edward III the right to export wool on privileged terms, Mr Sumption says.

Between June 1338 and October 1339, he lent the crown £111,000 (more than £86m in 2012 figures).

For Pole himself, the story did not end well.

Edward III grew resentful at his dependence on Pole and imprisoned him for two years. He was released because the king again needed his help raising money.

Edward defaulted on his debts because the wars cost more than his tax revenue, Mr Sumption says, and Pole and his partners went bust.

"Lending to the king was a mug's game," Mr Sumption says. "The problem was that if you didn't you were likely to be ruined anyway."

Lesson 3: The stakes are high

Thomas Seymour When Seymour's political intrigue failed, he lost more than his shirt

When Edward VI ascended to the throne in 1547 at the age nine, members of the Tudor court began jockeying for position and influence.

Two of the top intriguers were his uncles Edward and Thomas Seymour.

Edward Seymour managed to have himself declared Lord Protector of the Realm, Governor of the King's Person and later Duke of Somerset, making him the most powerful man in the court.

But Thomas Seymour, who had been well placed under Henry VII, found himself increasingly frozen out.

Among his several schemes to gain influence over the boy king, Seymour began supplying him with pocket money, telling him "you are a beggarly king, you have no money to play or to give".

Edward VI, who had reportedly complained to Seymour that Somerset "deals very hardly with me and keeps me so straight that I cannot have money at my will", wanted the cash to pay for musicians in his court and to reward his personal servants, says John Cooper, a lecturer in early modern history at the University of York.

Seymour gave the king £188 (about £70,400 in today's value), funnelled in part through Edward's personal servants and his tutor.

"It's a political gamble that fails very dramatically," Mr Cooper says.

When Somerset found out about that and other intrigues (Seymour also flirted with the teenaged Princess Elizabeth, whom he may have hoped to marry), he had him arrested and charged with treason.

He was beheaded at the Tower of London.

On hearing of his execution, Elizabeth said: "This day died a man with much wit, and very little judgment."

Lesson 4: Be prepared to lose big

Among the liberals incensed about the Vietnam war in the late 1960s and early 1970s was Stewart Mott, the black-sheep son of a wealthy Detroit car manufacturing family.

Mott, who described himself as an "avant-garde philanthropist", donated more than $200,000 to the 1968 presidential campaign of Eugene McCarthy, and about $400,000 in 1972 to George McGovern, the Democratic challenger to President Richard Nixon, according to Mr Corrado, the campaign finance expert.

His big contributions in part led Congress to enact strict limits on direct contributions to political campaigns that remain in effect to this day (though giving to independent committees are unlimited).

"He identified with their politics, and whatever one means by progressive, he was it," says Victor Navasky, professor of journalism at Columbia University.

"He cared about them, and he hoped to help them attain the White House."

Despite Mott's seed money, Mr McGovern suffered one of the greatest political defeats in American history, winning only the state of Massachusetts and Washington DC.

Mott's support for liberal candidates earned him a spot on Nixon's infamous enemies list. Nixon aide Chuck Colson listed him as "nothing but big money for radic-lib candidates".

Source

What has happened to Nasa's missing Moon rocks?

What has happened to Nasa's missing Moon rocks?

moon rock practice 13 Oct, 1969

The US space agency Nasa recently announced that many of the Moon rocks brought back to Earth from two Apollo space missions have gone missing. They were given as gifts to the nations of the world. So what happened to them?

Towards the end of the Apollo 17 mission on 13 December 1972, Eugene Cernan and Harrison Schmitt - the last men to have set foot on the Moon - picked up a rock.

Cernan announced: "We'd like to share a piece of this rock with so many of the countries throughout the world."

His wish was fulfilled.

President Richard Nixon ordered that the brick-sized rock be broken up into fragments and sent to 135 foreign heads of state and the 50 US states.

Each "goodwill Moon rock" was encased in a lucite ball and mounted on a wooden plaque with the recipient nations' flag attached.

Moon rock infographic

Moon rock collected during the Apollo 11 mission in 1969 was also distributed to the same nations and US states.

There were 370 pieces gathered for this purpose from the two missions. Two hundred and seventy were given to nations of the world and 100 to the 50 US states.

But 184 of these are lost, stolen or unaccounted for - 160 around the world and 24 in the US.

The rocks were distributed to countries ranging from Afghanistan to Trinidad and Tobago.

Joseph Gutheinz Joseph Gutheinz's search for the missing Moon rocks began in 1998

"Gaddafi's government was given two Moon rocks - they're missing. Romania is missing its Apollo 17 goodwill Moon rock," says Joseph Gutheinz Jr, the Texas-based lawyer and former Nasa agent, who has become known as the "Moon rock hunter".

His obsession began in 1998 when - still at Nasa - he set up an undercover sting operation called Operation Lunar Eclipse.

He placed an advert entitled "Moon Rocks Wanted" in USA Today, to entice con-artists selling bogus Moon rocks to approach him.

"What I did not anticipate was that a person with the real thing, the Honduras goodwill Moon rock, would call me," he says.

The rock - which weighed 1.142g - was offered to Gutheinz for $5m (£3m).

He did not pay the money, but says the asking price was reasonable.

These valuable rocks are not being protected as well as they could be, he says, and both Nasa and the recipient nations have done a poor job of entering them into an inventory system.

He says the only authorised sale of lunar material that he is aware of was in 1993, when the Russian government sold material gathered from the Soviet Union's Luna 16 mission at Sotheby's auction house in New York.

From lunar landscape to Dublin dump

Dr Ian Elliott worked at the Dunsink Observatory in Dublin when it was destroyed by fire on 3 October 1977.

I heard about the fire on the morning news. I can tell you, that was a bit of a shock.

My main concern was with the disruption to the work of the observatory. It was only afterwards that we realised that the bit of Apollo 11 Moon rock could not be found.

It was gathered up with all of the other debris and dumped in the municipal dump which was conveniently just across the road.

It is probably the only municipal dump in the world that has got a bit of Moon rock.

If we'd had any perception of the rock's value, perhaps all of the debris would have been sifted by archaeologists and it might have been found.

I am amazed that anyone puts a value of $5m on it, though there are a lot of mad people with money around so they might just pay that.

It is a very big dump, I am afraid. It is worse than a needle in a haystack - you would never find it.

An anonymous private collector bought 0.2g of lunar dust for $442,500 (£280,000).

With potential prices in this range, it is no surprise there is a lucrative black market in moon rocks, both real and fake.

Mr Gutheinz says a woman in California allegedly tried to sell a Moon rock online, and that attempts to sell Spain's and Cyprus's moon rocks have been well documented.

"I once offered $10,000 for the recovery of Malta's stolen Apollo 17 goodwill Moon rock but it still hasn't been recovered," he says.

"I know for certain that this was an amateur thief as he only took the rocks, and not the self-authenticating plaque."

Some Moon rocks have gone astray at times of revolution or political transition. The US national archives show that a rock was presented to the late Romanian dictator, Nicolae Ceausescu, but Gutheinz believes it was sold after his execution.

Then there is the mysterious tale of how - after a fire at an observatory in Dublin - Ireland's Apollo 11 Moon rock ended up lying in a rubbish dump, after apparently being thrown out with the rest of the debris.

"It's still there under a couple of tonnes of trash. That could definitely be worth over $5m (£3.1m). I'll tell you where it's at. It's in the Finglas landfill dump in Dublin," Gutheinz says.

Because of the scale of the task he has challenged his students at the University of Phoenix and Alvin Community College in Texas - where he teaches criminal justice - to help find the missing rocks.

So far, they have helped to track down 77, including those that were given to the governors of the US states of Colorado, Missouri and West Virginia.

Moon rock in a plaque The Honduras Moon rock was recovered in a sting operation

Dr Carle Pieters, a planetary geologist at Brown University, Rhode Island, says the knowledge gained from these tiny rocks is priceless.

"I am continually awed when I work with four-billion-year-old lunar samples. They are beautiful and don't have ugly weathering products often seen in Earth rocks.

"The lunar rocks retain a record of events in the early solar system that we cannot obtain elsewhere."

While Joseph Gutheinz has compared them to works of art, not everyone is so enthusiastic about them. London-based art writer and curator, Francesca Gavin, describes them as "ugly little things", although she is not opposed to the idea of seeing one in an art gallery.

"Moon rocks could be seen as artworks - relating in particular to the Chinese tradition of the Philosopher Stones as naturally occurring artworks reflecting the universe in microcosmic form," she says.

Gavin does not think the rocks are worth $5m (£3.1m), however, and questions the way they are mounted as goodwill gifts.

"The brown plaque, text and flag? It's pretty uneasy on the eyes."

Gutheinz concedes he will never be able to recover all of the missing Moon rocks - many are now in private collections - but says there are some he particularly wants back.

"Definitely the Malta Moon rock. I'd really like to see that back, and the Romanian rock. If I go to Europe, I will hunt that one down. I have a few ideas as to how I'll do that.

"And I love the story about the Ireland Moon rock - that pot of gold under a dump."

Source

Thursday, February 23, 2012

Barack Obama apology to Afghanistan over Koran burning

Barack Obama apology to Afghanistan over Koran burning

Afghan police and plain-clothed security officials fire shots into a crowd of about 500 protesters in Kabul

Related Stories

President Barack Obama has apologised to the Afghan people for the burning of Korans by American troops at a US base.

In a letter to President Hamid Karzai, Mr Obama expressed his "deep regret" and said the incident earlier this week was a genuine mistake.

Demonstrations against the desecration have continued for a third day across northern and eastern Afghanistan.

Two foreign soldiers, believed to be Americans, have been killed, along with at least six Afghan people.

On Wednesday, another seven people were killed and dozens injured in protests.

Mr Obama's letter, delivered by the US ambassador to Afghanistan, assured the Afghan president that US authorities would question all those responsible.

At the scene

It started at about 09:00 when people from different villages around Baghlan converged on the town centre. About 1,000 demonstrators gathered in front of the police station and there was a lot of anger and violence. Then suddenly we heard an outbreak of machine-gun fire.

We went to the hospital where the injured were taken and a wounded policeman there told us that demonstrators shot at police. Officials say they are conducting an investigation to find out who opened fire.

After the violence, people escaped from the area, shops were closed and eventually demonstrators left. But it was an intense episode. People were shouting anti-American slogans expressing their outrage at the burning of the Koran. They also accused the Americans of being opposed to their religion.

"I convey my deep sympathies and ask you and the people to accept my deep apologies," the letter said.

President Karzai told members of the Afghan parliament that a US officer was responsible for the burning.

But he said it was done out of "ignorance".

In addition to those killed, many people have been injured in the protests, some of them critically, while armed men on Thursday also attacked at least two military installations.

Crowds shouting "death to Obama" have been throwing stones and setting fire to the US flag.

Meanwhile the Taliban has called on Afghans to kill and beat all invading forces in revenge for "insulting" the Koran.

In a statement a Taliban spokesman said Afghans should "not stop at protesting" but instead target military bases and personnel to "teach them a lesson that they will never again dare to insult the Holy Koran".

'Death to America'

The BBC's Andrew North, in the Afghan capital, says many officials sympathise with the outrage the US has provoked across the country.

He says Friday prayers may spark more tensions, depending on the tone set by religious leaders.

Protests map The protests have become more widespread

Police, local officials and tribal elders have told the BBC there have been major protests in at least nine areas across the country, each involving many hundreds of people.

The worst incident was in Khogyani in Nangarhar province, where a man wearing an Afghan army uniform killed two Nato soldiers who are believed to be from the US.

Two protesters were also killed and seven injured as Nato forces opened fire when armed men attacked the US/Afghan base.

Further south, in Uruzgan province, two people were killed and at least eight others wounded, three of them police, in clashes between protesters and Afghan security forces, local officials told the BBC's Bilal Sarwary.

They said demonstrators were carrying guns, metal bars and sticks.

Crowd of Afghans There have now been three days of protests over the burning of the Koran at a US military base

In northern Baghlan province, one civilian was killed and two others injured, while two police were also hurt.

Another person was killed in Laghman province east of Kabul, where local police said several hundred people were chanting "Death to America".

More than 3,000 people gathered in Mehtar Lam, the capital of Laghman province, with some burning an effigy of President Obama.

Police say fights broke out as they stopped hundreds of protesters entering the centre of Kabul.

And in Asadabad, some 1,500 demonstrators were said to be burning US flags and tyres and shouting anti-American slogans.

A French military base to the east of Kabul was attacked.

Muslims consider the Koran the literal word of God and treat each book with deep reverence.

Last year, at least 24 people died in protests across Afghanistan after a hardline US pastor burned a Koran in Florida.

Source

Friday, February 17, 2012

Iraq's Sunni Vice-President Hashemi 'ran death squads'

Iraq's Sunni Vice-President Hashemi 'ran death squads'

Iraqi Vice-President Tariq al-Hashemi. File photo
Tariq al-Hashemi has now taken refuge Iraq's northern Kurdish region

Iraq's judicial panel has backed accusations against the Sunni Vice-President Tariq al-Hashemi that he was behind attacks on security officials and Shia pilgrims.

The panel - set up by the Supreme Judicial Council - said he had orchestrated such attacks for years.

In December, an arrest warrant was issued for him by Shia Prime Minister Nouri al-Maliki, triggering a row between Shia and Sunni politicians.

Mr Hashemi denies the charges.

He has taken refuge in Iraq's Kurdish region in the north.

On Thursday, the nine-judge panel said Mr Hashemi and his associates had been running death squads for years and had been involved in at least 150 separate cases.

Sunni leaders have questioned the independence of the panel.

The day after his arrest warrant was issued last year, there were major bomb attacks in Baghdad, raising fears of a return to sectarian conflict, the BBC's Sebastian Usher says.

Sunni leaders then boycotted parliament and the cabinet. But they have since returned, raising hopes the crisis might be kept under control.

Source

Saturday, February 4, 2012

Thursday, January 19, 2012

The Big Winner of the Great Recession Is … Large Corporations

The Big Winner of the Great Recession Is …


Getty Images
Getty Images

The recent recession has been the most brutal since the Great Depression and has caused enormous hardship for many American families, as well as immense financial problems for governments around the world. As a result, it’s hard to see the downturn that began at the end of 2007 as anything but a catastrophe. With household incomes generally lower and poverty rates significantly higher than they were 10 years ago, it’s easy to feel that everything is falling apart. But amid the wreckage, there are some success stories that are vitally important for the recovery and the future prosperity of America.

The big winners of the recent Great Recession have been the largest U.S. corporations. This isn’t simply because they are greedy and rapacious, or because they can steamroller everything in their path. Rather, it reflects the fact that they are in a position to use the recession as a positive opportunity to restructure and become more efficient, while government, small businesses and most American households are forced by circumstances to play defense.

In every economic system, there have to be occasional corrective phases, where inefficient and uncompetitive businesses and services are eliminated, costs are lowered, and ground is cleared for new growth. But not every part of the economy is equally well positioned to do this. Government usually has to worry first about unemployment. It therefore tries to preserve current jobs and existing businesses, rather than focusing on restructuring government services to make them more effective or reforming social programs to lower their long-term costs. Most households and many small businesses give top priority to immediate concerns in a recession, because they have to respond to the short-term pain rather than the potential for long-term gain.

(More: What S&P’s Downgrades Mean for the Euro’s Future)

The organizations that have the resources to think about the future and position themselves accordingly are typically the largest corporations. Sure, some big companies have failed – most notably banks – but most have been able to take advantage of reduced labor costs and low interest rates to boost their productivity at the same time that they are strengthening their balance sheets. Consider the following:

Labor costs are down while productivity is up. The most recent data from the Bureau of Labor Statistics show that quarterly productivity in manufacturing rose 5%, while unit labor costs declined 5.1%. Basically, as companies shut down their least successful business operations, they are left with the most efficient and productive ones. Moreover, wages are not keeping pace with inflation right now. In fact, adjusted for inflation, they are down 2.3% from a year ago, the biggest such decline since 1948. The overall result is that companies are getting more from their workers without having to pay them more.

Top companies are able to refinance their debt at low interest rates. The Federal Reserve’s policy of quantitative easing has made plenty of money available at low interest rates. Giant corporations with excellent credit ratings can therefore restructure their balance sheets any way they want – boosting cash on hand or locking in long-term borrowing exceptionally cheaply. As a result, the value of corporate balance sheets has risen by 28% since late 2009. Much of the needed refinancing has now been completed, although some companies, such as GM and Ford, still have big bond offerings coming up.

(VIDEO: The 99ers: The Real Lives of the Long-Term Unemployed)

Money is rolling in. Higher productivity, moderate labor costs and restructured balance sheets combine to make companies more profitable. In fact, corporate profits are now at a peak in dollar terms and close to an all-time high as a percentage of GDP. Overall, profits have more than doubled since 2000, while stock prices are actually lower than they were 12 years ago. What that means is that lots of great stocks are now cheap by historical standards.

Corporate cash holdings are immense. Nonfinancial companies are taking in hundreds of billions of dollars more than they need to fund current operations. Total cash reserves at U.S. corporations total more than $2 trillion, close to a 50-year high in relative terms. Perhaps not surprisingly, some of the companies with lots more cash on hand than they need are paying ample dividends. Oil giant Chevron, with $20 billion in cash, now offers a 3.1% yield. Chipmaker Intel, with $15 billion, now pays 3.3%. And health-care conglomerate Johnson & Johnson, with $30 billion, yields 3.5%. (I give a longer list of companies that are likely to grow dividends here.)

In part, these huge cash reserves reflect the uncertainty corporate executives feel about whether to expand right now. Demand is still soft, government policy on taxes and regulations is confused, and risks of a currency collapse in Europe are impossible to gauge. As a result, many U.S. companies are simply hunkering down and hanging onto their money until the picture gets clearer.

There’s no guarantee, of course, that the U.S. economy will continue to get better. Recent small improvements could suddenly be reversed – for example, by upheaval in Europe that leads to a worldwide double-dip recession. But at least most U.S. businesses are in better shape than they were a couple of years ago. And once a sustainable recovery does get under way, the companies that have been able to make the most of the recession’s opportunities are likely to prosper in the years to come.

Saturday, January 14, 2012

Mohamed ElBaradei will end Egypt presidency bid

Mohamed ElBaradei will end Egypt presidency bid

Mohamed ElBaradei (file photo - 15 December 2011)
Mr ElBaradei has been an outspoken critic of Egypt's military govenrment

Egyptian politician and former head of the UN nuclear watchdog Mohamed ElBaradei is dropping his candidacy in presidental elections later this year.

Mr ElBaradei, who won the Nobel Peace Prize in 2005, said he had taken his decision in protest at the way Egypt's military rulers governed "as though no revolution had taken place".

A military council has run Egypt since President Hosni Mubarak was ousted.

The election is scheduled to take place in June 2012.

A BBC Arabic reporter in Cairo said Mr ElBaradei - seen as one of the leading liberal candidates - had been the subject of a smear campaign even before he declared his candidacy.

Constitution

In his statement, Mr ElBaradei praised the young people who led the uprising against Mr Mubarak, who was toppled in February 2011 after 18 days of street protests.

"My conscience does not permit me to run for the presidency or any other official position unless it is within a democratic framework," he said.

The BBC's Jon Leyne, in Cairo, says the comments are fairly damning, coming from someone with such international prestige.

However, Mr ElBaradei's critics will say he never stood much chance of becoming president, our correspondent adds.

Mr ElBaradei had wanted a new constitution to be drawn up from scratch before any elections took place.

However, the Supreme Council of the Armed Forces (Scaf) opted to go ahead with parliamentary elections first.

The third round of voting has just concluded. The lower house of parliament will elect a 100-member assembly which will then draft a new constitution.

Mr ElBaradei played a prominent role in the Egyptian uprising but his secularist politics have been eclipsed by the main Islamist parties, the Muslim Brotherhood and the conservative Salafist Nour party.

The Islamists took the lion's share of the vote in the first two rounds of elections and will dominate the new parliament.

Even on the liberal wing of Egyptian politics, feelings about Mr ElBaradei are very mixed, our correspondent says.

Source

Monday, January 9, 2012

Obama Fails On Minimum Wage Pledge

Obama Fails On Minimum Wage Pledge


The Greek parents 'too poor' to care for their children

The Greek parents 'too poor' to care for their children

Natasha
Unemployed and homeless, Natasha's mother said she could no longer cope

Greece's financial crisis has made some families so desperate they are giving up the most precious thing of all - their children.

One morning a few weeks before Christmas a kindergarten teacher in Athens found a note about one of her four-year-old pupils.

"I will not be coming to pick up Anna today because I cannot afford to look after her," it read. "Please take good care of her. Sorry. Her mother."

In the last two months Father Antonios, a young Orthodox priest who runs a youth centre for the city's poor, has found four children on his door step - including a baby just days old.

Another charity was approached by a couple whose twin babies were in hospital being treated for malnutrition, because the mother herself was malnourished and unable to breastfeed.

Cases like this are shocking a country where family ties are strong, and failure to look after children is socially unacceptable - they feel to Greeks like stories from the Third World, rather than their own capital city.

One of the children cared for by Father Antonios is Natasha, a bright two-year-old brought to his centre by her mother a few weeks ago.

The woman said she was unemployed and homeless and needed help - but before staff could offer her support she had vanished, leaving her daughter behind.

"Over the last year we have hundreds of cases of parents who want to leave their children with us - they know us and trust us," Father Antonios says.

"They say they do not have any money or shelter or food for their kids, so they hope we might be able to provide them with what they need."

Requests of this kind were not unknown before the crisis - but Father Antonios has never until now come across children being simply abandoned.

Handouts

One woman driven by poverty to give up her child was Maria, a single mother who lost her job and was unemployed for more than a year.

Emotional scars

Children play at a centre in Greece caring for young people whose parents are unable to cope

Stefanos Alevizos - Greek psychologist

Parents who are not able to provide for their child will feel despair, loneliness and anger. They will carry an enormous weight of cultural sigma and shame.

Children absorb the emotions of their parents, so the child will internalise all the feelings of their parent - particularly guilt. Often they feel they are to blame.

Children taken into care may avoid forming a bond with their carers because they are afraid it would be a betrayal of their parent, and might mean their mother or father will not return for them.

When they get older, they are likely to have problems with trust and that will manifest itself in difficulties with relationships.

"Every night I cry alone at home, but what can I do? It hurt my heart, but I didn't have a choice, she says.

She spent her days looking for work, sometimes well into the evening and that often meant leaving eight-year-old Anastasia alone for hours at a time. The two of them lived on food handouts from the church. Maria lost 25 kilos.

In the end she decided to Anastasia into foster care with a charity called SOS Children's Villages.

"I can suffer through it but why should she have to?" she asks.

She now has a job in a cafe, but makes just 20 euros (£16) a day. She sees Anastasia about once a month, and hopes to take her back when her economic situation improves - but when that might be she has no idea.

SOS Children's Villages' director of social work, Stergios Sifnyos, says the charity is not accustomed to taking children from families for economic reasons and does not want to.

"The relationship between Maria and Anastasia is very close. You can say you cannot see any problem, [any reason] why this child has to be far away from her mother," he says.

"But it's very difficult for her to feel comfortable to take back the child when she is not sure she will [still] have a job the next days."

'Act of violence'

Start Quote

The truth is that the biggest need any child has is to feel the love of its parents”

Father Antonios Head of Kivotos youth centre

In the past when SOS Children's Villages took children into its care, the cause was mostly drug and alcohol addiction in the family. Now the main factor is poverty.

Another charity, Smile of a Child, also focused in the past on cases involving child abuse and neglect. It too is now catering for the destitute of Athens.

Its chief psychologist Stefanos Alevizos, says that when a parent puts a child into care, the child feels its entire foundations have been shaken.

"They experience the separation as an act of violence because they cannot understand the reasons for it," he says.

But Smile of a Child's Sofia Kouhi says the biggest tragedy, in her eyes, is that those parents who ask for their kids to be taken into care may be the ones who love their children the most.

Damaged safety net

  • Greece's crisis has caused more poverty than its welfare system is equipped to deal with, so charities fill the gap
  • However, donations are down and charities now have to pay taxes they were once exempt from
  • "Charity associations like ours are doing 50% of the work that the Greek state should be doing and instead of thanking us they are penalising us," says director of SOS Children's Villages, George Protopapas
  • Most cases of families giving up children occur in Athens, where traditional family and neighbourhood ties are diluted

"It is very sad to see the pain in their heart that they will leave their children, but they know it is for the best, at least for this period," she says.

Father Antonios disagrees.

He believes that no matter how poor parents may be, the child is always better off with its family.

"These families will be judged for abandoning their children," he says.

"We can provide a child with food and shelter, but the truth is that the biggest need any child has is to feel the love of its parents."

The names of children in this report have been changed to protect their identities.

Source

Friday, December 16, 2011

The scandal of the Alabama poor cut off from water

The scandal of the Alabama poor cut off from water

Sheila Tyson, a community activist in the deprived West End area of Birmingham, tells the BBC how her community has been affected

Banks stand to lose millions of dollars in debt repayments if the biggest municipal bankruptcy in American history is allowed to proceed.

But the real victims of the financial collapse in the US state of Alabama's most populous county are its poorest residents - forced to bathe in bottled water and use portable toilets after being cut off from the mains supply.

And there is widespread anger in Jefferson County that swingeing sewerage rate hikes could have been avoided but for the greed, corruption and incompetence of local politicians, government officials and Wall Street financiers.

Tammy Lucas is the human face of a financial and political scandal that has brought one of the most deprived communities in America's south to the point of what some local people believe is collapse.

She says: "If the sewer bill gets higher, my light might get cut off and if I try to catch up the light, my water might get cut off. So we're in between. We can't make it like this."

Mrs Lucas's monthly sewerage rate bills - the amount levied by the county to flush away waste and provide water for baths and showers - has quadrupled in the past 15 years. She says it is currently running at $150 (£97) a month, which leaves little left out of her $600 social security cheque for food and electricity.

"We need to keep the water running because we're women," she says. "We need to take baths. I try to pay the sewer bill and the water bill together and then what little I got left I try to put on my lights. I got to have lights."

'Just outrageous'

Her neighbour in one of the poorest districts of Jefferson County's largest city, Birmingham, a father of four who asked not to be named, has already made that choice.

Resident of Birmingham, Alabama The poorest citizens in Birmingham, Alabama, say they can no longer afford running water

His modest rented home, next to a busy freight train line, is one of a growing number in the area that now has a blue portable toilet next to it.

He says he finds it cheaper to buy drums of water from a petrol station and pay a sanitation company about $14 a month to remove waste from his "porta-potty" than pay the combined sewer and water rate bill, which some months can reach $300.

"Most people who live here are on social security," he said.

"They can't spend this kind of money on sewerage. It's just outrageous. It's too high.

"I pay my sewerage bill, then I'm going to slack on my groceries. Then what am I going to eat?"

Sewerage rates and water rates, which are levied on drinkable water, vary widely across the United States.

But they are generally rising faster than inflation as cities are forced by federal government to replace worn-out sewerage facilities.

The two rates have been combined into a single bill in Jefferson County, which has increased by 329% over the past 15 years, making it among the highest in America, as the county has struggled to service the mountain of debt it took on to pay for a new sewer system.

Corruption scandal

The facility, which has been under construction since 1996, was meant to cost about $300m.

But the bill soared to $3.1bn after construction problems and a series of bond and derivatives deals that went sour in the financial meltdown of 2008.

Start Quote

Sheila Tyson

If they let this stuff happen they are going to get the biggest riot the South has seen”

Sheila Tyson Community activist

Investment bank JP Morgan Securities and two of its former directors have been fined for offering bribes to Jefferson County workers and politicians to win business financing the sewer upgrade.

Six of Jefferson County's former commissioners have been found guilty of corruption for accepting the bribes, along with 15 other officials.

New county commissioners, struggling to service the debt they inherited from their crooked predecessors, took the decision to file for Chapter 9 bankruptcy last month.

But the county's bondholders, who stand to lose about $4.5m a month in repayments if the bankruptcy is allowed to proceed, are contesting it in court.

A Birmingham bankruptcy judge, Thomas B Bennett, has yet to make a final ruling.

Breaking point

Prior to the bankruptcy filing, the county's sewer rates had been due to go up by a further 8.2% a year for the next three years in a deal with the county's creditors, to the dismay of local residents.

Now that is more likely to be 10% a year or even, according to the court appointed receiver John S Young, as much as 25%.

Sheila Tyson, a community activist in the deprived West End district of Birmingham, says people in the city are reaching breaking point.

"These people are going to end up rioting about this," she says. "If they let this stuff happen they are going to get the biggest riot the South has ever seen. Over this sewer business. I can see it coming."

She says soaring sewer-rate bills have traditionally hit the poorest parts of the county hardest, as better-off people in the suburbs installed septic tanks at their properties.

But the people affected are embarrassed to speak out about living in such unsanitary conditions, she tells BBC News.

"This is not even a race issue, if I'm telling the truth," says Ms Tyson. "It's just so happens that it's affecting black people. It's a class issue. They don't give a doo-doo about poor people period."

Budget shortfall

And she adds: "Somebody from Washington DC needs to come down here and take these sewer bills to where they are affordable for the people in these districts. Injustice - that's all this is. They need to come down here and fix it."

Start Quote

Tony Petelos

When you look at the amount of debt, and you look at the revenue that is produced from the rate payers, there is no way it is going to come down”

Tony Petelos Jefferson County manager

To add further to Jefferson County's woes, it faces a budget shortfall next year of $40m after a local tax was declared illegal.

The county is appealing to the Alabama state legislature for financial aid, but there are still likely to be cuts to public services.

More than 500 county workers were laid off over the summer and are having to get by on unemployment benefit, while their jobs hang in the balance.

Tony Petelos, the county manager appointed by the new commissioners to sort the mess out, admits it could take years to get the area back on its feet.

"The public has lost confidence in Jefferson County over the last decade and a half, because of the mismanagement, because of the corruption. We have got to rebuild that confidence," he says.

He insists there is "light at the end of the tunnel" and that some of residents' worst fears about looming public service cuts are groundless, with most savings likely to be made through efficiencies and property sales.

Troubled project

But he can offer few assurances to citizens struggling with soaring sewer and water rate bills.

The decision is in the hands of the bankruptcy court, he stresses, but even if the judge decides to hand control of sewer rates back to the county - and Mr Petelos has offered to manage the troubled project himself - there is no prospect of the bills being reduced.

"When you look at the amount of debt, and you look at the revenue that is produced from the rate payers, there is no way it is going to come down," says Mr Petelos.

When he was Republican mayor of Birmingham's neighbouring city of Hoover, Mr Petelos recalls attending a presentation by a Wall Street bank about the same kind of bonds that would later prove to be the downfall of Jefferson County.

He says: "I turned to my finance director and said, 'did you understand that?' He said, 'no I didn't'. So I said, 'we had better not buy it then'."

Perhaps if Jefferson County's previous commissioners had made the same decision, some of their poorest residents would not be facing daily life without basic sanitation and running water.

Source

Sunday, November 20, 2011

Snorting cocaine 'threatens Colombian national security'

Snorting cocaine 'threatens Colombian national security'

Colombia's president is calling on foreign governments to take more responsibility for illegal drug use in their countries.

President Santos, who is in the UK for a two-day visit, told the BBC that "as long as people in London, New York and Paris are sniffing cocaine, we will suffer".

He described it as a matter of national security for Colombia and said drug consumption overseas helped finance both local mafia and political groups involved in a decades-old violent struggle to overthrow the government.

Mr Santos claimed a victory earlier this month when the leader of the Revolutionary Forces of Colombia, or Farc, was killed.

He told the BBC's Alastair Leithead that it was an important step towards peace in his country.

Source Go to link to see VIDEO

Tuesday, November 8, 2011

Cenk Uygur Evaluates David on TYT, Talks WolfPAC & Current TV

Cenk Uygur Evaluates David on TYT, Talks WolfPAC & Current TV

Friday, October 28, 2011

WikiLeaks Financial Blockade (Alyona & Ana)

WikiLeaks Financial Blockade

(Alyona & Ana)

With A Stroke Of His Pen Obama Strikes Back At Citizens United

A little over a year ago the Supreme Court of the United States made a controversial ruling that says corporate funding of independent political broadcasts in candidate elections cannot be limited. The case known as Citizens United v Federal Election Commission allows corporations to use their general funds to buy campaign ads that was prohibited under federal law, and opened the door for unlimited contributions by corporations as well as unions. The high court cited the 1st Amendment’s guarantee of the right of free speech, and it was the first time a corporate entity was treated like a person. Detractors of the ruling cried foul and correctly pointed out that, “The Supreme Court has handed lobbyists a new weapon. A lobbyist can now tell any elected official: if you vote wrong, my company, labor union or interest group will spend unlimited sums explicitly advertising against your re-election.” The ruling also opened the door for foreign governments to affect the outcome of United States elections.

There was an attempt to assuage the damage from Citizens United in the form of the Disclose Act that passed in the Democratic controlled House last year but failed in the Senate because Democrats couldn’t muster the super majority needed to overcome Republican’s filibuster threat. The failed legislation provided tough new disclosure rules for groups that invest in the election process. President Obama summed up the necessity of the Disclose Act calling it “a critical piece of legislation to control the flood of special interest money into our elections,” and, “that it mandates unprecedented transparency in campaign spending, and it ensures that corporations who spend money on American elections are accountable first and foremost to the American people.” Since Republicans are enamored with the notion of unlimited special interest money without transparency or accountability, it was not surprising they threatened to filibuster the measure. The 2010 midterm elections confirmed Americans’ fears with money from special interest groups and corporations flooding the airwaves with fallacious assertions and inaccurate characterizations of everything from the health law to socialist tendencies of Democratic candidates. It appeared that since the Disclose Act failed, elections would be bought by the highest bidder for years to come, but a report today gives some hope that democracy is not dead in America; yet.

On Wednesday it was reported that President Obama was drafting an executive order that would require companies pursuing federal contracts to disclose political contributions that have been secret under the Citizen’s United ruling. A senior fellow at the Heritage Foundation, Hans A. von Spakovsky, lambasted the proposed executive order saying that, “The draft order tries to interfere with the First Amendment rights of contractors.” Mr. von Spakovsky dutifully made all the right-wing, neo-con arguments including bringing Planned Parenthood and unions into the discussion. The draft order did not exempt any entity from disclosure rules and presents a reasonable requirement on contractors seeking government contracts. Several states have similar “pay to play” laws to prevent businesses from using unlimited donations to buy lucrative state contracts from slimy legislators. Thus far the only legislator who has railed against the proposed order was Senate minority leader Mitch McConnell (R-KY). McConnell called the proposal an “outrageous and anti-Democratic abuse of executive branch authority,” and went on to say, “Just last year, the Senate rejected a cynical effort to muzzle critics of this administration and its allies in Congress.

McConnell is working under the assumption that the draft order is an attempt to restrict free speech, but there is nothing in the order remotely resembling free speech violations. The exact wording of the president’s executive order says, “The Federal Government prohibits federal contractors from making certain contributions during the course of negotiation and performance of a contract.” There is no free speech issue and the order applies to union contractors as well as non-union contractors. There is no special dispensation of muzzles or prohibitions on political support; only certain contributions during negotiations and performance. Republicans must hate the idea of corporations like Halliburton or Koch Industries losing the ability to contribute unlimited money to legislators for special treatment in securing government contracts, especially no-bid contracts like the ones Dick Cheney’s company’s received in Iraq and Afghanistan. In lieu of veracity, McConnell accuses President Obama of muzzling critics and suppressing free speech when in fact, the order will bring increased transparency and accountability to the process of awarding contracts. Republicans made it their goal to increase transparency and accountability in government in the lead up to the midterm elections, so McConnell should be thrilled that President Obama is helping them achieve their goal.

The real objection Republicans and the Heritage Foundation have with the order is that it removes the possibility of corporate money influencing government more than it already does. The Citizens’ United ruling was a gift to Republicans who do the bidding of corporations in exchange for campaign contributions and it became obvious after reports that two Supreme Court Justices attended a secret Koch Industries strategy meeting prior to voting to extend free speech rights to corporations just in time for the 2010 midterm campaigns.

The midterm elections saw a record amount of campaign contributions from anonymous sources that were illegal for years until the high court broke with precedent and gave personhood to corporations. The rash of Republican governors’ victories and subsequent corporate favoritism and tax cuts at the expense of poor and working class Americans is evidence that there is a serious need for accountability and transparency in campaign financing.

The response from McConnell and the Heritage Foundation is not unexpected and is most likely the tip of the iceberg as far as criticism and false indignation are concerned. The screed from Hans A. von Spakovsky of the Heritage Foundation is a preview of the propaganda right-wing outlets like Fox News and their pundits will spew on an hourly basis once the order becomes common knowledge.

Conservatives are not known for their veracity, and based on von Spakovsky’s portrayal of the order, there is no telling how Fox, Limbaugh, Beck and myriad Republican presidential hopefuls will spin the story, or to what end their faux outrage will take. One thing is certain; Republicans will make the order tyrannical and un-Constitutional before the dust settles and that should be a signal that the president’s proposal is appropriate and in keeping with democratic principles of fairness. Of course, any attempt at ensuring fairness in government is contrary to Republican principles of corruption, fear mongering, and doing the bidding of the Heritage Foundation.

Source

Tuesday, October 25, 2011

Syria 'using hospitals for torture' - Amnesty

Syria 'using hospitals for torture' - Amnesty

Army vehicles withdraw from Hama, Syria (10 Aug 2011)
The Syrian army has been fighting to put down seven months of demonstrations

Patients in government-run hospitals in Syria are being tortured in an attempt to suppress dissent, an Amnesty International report alleges.

The 39-page report claims patients in at least four state hospitals have been subjected to torture and other ill-treatment, including by medical staff.

Many injured civilians consider it safer not going to hospital, it says.

Syrian authorities have denied torturing opponents of the government.

Anti-government protests, which first broke out in March, have continued despite President Bashar al-Assad's attempts to stifle them.

The UN says more than 3,000 people have died in seven months of unrest, which Syria has blamed on "terrorists" and "armed gangs".

International journalists face severe restrictions on reporting in Syria, and it is hard to verify reports.

'Seriousness'

Amnesty's Middle East and North Africa researcher Cilina Nasser said Syrian authorities appeared to have "given security forces a free rein in hospitals".

"In many cases hospital staff appear to have taken part in torture and ill treatment of the very people they are supposed to care for," she said in a statement.

Start Quote

If we send a request to the Central Blood Bank, the security would know about him and we would be putting him at risk or arrest and torture”

Medic

"Given the scale and seriousness of the injuries being sustained by people across the country, it is disturbing to find that many consider it safer to risk not having major wounds treated rather than going to proper medical facilities."

The human rights group documented cases where patients had been removed from hospitals.

In September, the report says, security forces raided a hospital in Homs, looking for an alleged armed field commander opposed to the government.

When they failed to find him, they arrested 18 wounded people, Amnesty says. One staff member said he saw at least one unconscious patient have his ventilator removed before he was taken away.

Blood 'dilemma'

One medic who had worked a private hospital in Homs told Amnesty that hospitals suffered a "dilemma" over patients who needed blood, because the blood bank was under the control of the defence ministry.

"We faced a dilemma every time we received a patient with a firearm injury and an urgent need of blood: if we send a request to the Central Blood Bank, the security would know about him and we would be putting him at risk or arrest and torture, and possibly death in custody," he told Amnesty.

Amnesty said there was information to suggest patients had suffered abuse in the national hospitals of Baniyas, Homs and Tell Kalakh, and the military hospital in Homs.

Ahmad, a doctor from Homs, said he had seen many patients disappear from the hospital he had worked in.

He told the BBC he had alerted the hospital manager after seeing a 14-year-old, who was brought in with bullet wounds, being beaten up by a nurse.

He was later requested to visit the security building, after the nurse told officials he was part of an Islamic organisation. He did not go, he said, instead choosing to leave Syria.

Other doctors have also complained of attacks or raids on hospitals during the uprising.

Mr Assad, who refuses to quit, has promised some reforms, but his critics say they will not be implemented and that, in any case, they do not go far enough.

On Sunday, state media said Mr Assad had named new governors for the northwestern province of Idlib and for the Damascus governorate, both of which have seen mass demonstrations in recent months.

Hussein Makhlouf was assigned as the new governor of rural Damascus, while Yasser Shoufi was named governor of Idlib, according to Sana news agency.

Earlier, the US said it was pulling out its ambassador, Robert Ford, after he received what a US spokesman called "credible threats against his personal safety".

Source

Tuesday, October 18, 2011

Occupy Wall Street Videos - TYT Reports

OWS Hating CBC Anchor Destroyed By Chris Hedges

GOP Occupy Wall Street Flip-Flops!


Bank Profits Soar, Small Businesses Sink


GOP Vs 75% Of U.S. on Teachers, Firefighters


Fox News: Apple & Occupy Wall Street (Banks = Anti-Capitalist)


Fox News: The 99 Percent 'Parasites'


OWS, First Amendment 'Too Expensive' - Fox News


Pentagon: U.S. In Afghanistan Until 2024


999 Plan = 0% Taxes For The Rich?


Poll: NYers Support Occupy Wall Street, Taxes On Rich

Why You Shouldn't Compare Occupy Wall Street to the Tea Party

Why You Shouldn't Compare Occupy Wall Street to the Tea Party


Zuccotti Park, New York City, Oct. 17, 2011 (Photo: Spencer Platt / Getty Images)

With the Occupy Wall Street protests gaining steam in the U.S., it seems obvious to link the movement with the other grassroots movement that recently shook up American politics: the Tea Party. President Barack Obama did it this morning, telling ABC that the protesters in downtown New York are "not that different" from the Tea Party: both the right and the left feel "that their institutions aren't looking out for them."

My colleagues' pieces number among a flurry of others pondering the parallel. Michael Scherer recast Occupy Wall Street as the Tea Party of the American left. Roya Wolverson suggested how the two movements, coming from diametrically opposed sides of the political spectrum, could find common ground (and perhaps policy influence) in their mutual distaste for a Washington dominated by the vested interests of corporations. But while the similarities are noteworthy, they obscure more relevant truths about Occupy Wall Street, the supposedly inchoate movement that has transfixed the American media in recent weeks. I enumerate these truths after the jump.

(PHOTOS: How Occupy Wall Street Went Global)

1. Occupy Wall Street is an expression of a global phenomenon. A cursory glimpse at newspapers over the weekend would have shown scenes of mass protest across European capitals and cities elsewhere in the world, all in solidarity with the antigreed protesters in New York City. The Tea Party, for all its early brio, commands no such solidarity, nor does it care for it. It's a hyper-nationalist movement in the U.S., lofting the totems of the Constitution and the flag. Few viable political factions across the Atlantic advocate the Tea Party's anti–Big Bovernment, libertarian agenda (though the xenophobic, culturally conservative wing of the Tea Party would perhaps see eye to eye with Europe's Islamophobic far right).

Many of the Occupy Wall Street participants, on the other hand, consciously see themselves as part of a worldwide uprising, a flame kindled by the Arab Spring and borne across the Mediterranean by anti-austerity protesters in Europe. In all three settings, social media has played a vital role in mobilizing and organizing the disaffected and the disenfranchised. In all three settings, activists and protesters have drawn from, in varying degrees, a toolbox of leftist, anarchist protest tactics and made do with minimal institutional support or funds. And in all three settings, the protesters have pulled together sympathizers from myriad political camps within their countries and somehow made a virtue out of having a lack of central leadership. The U.S. economy may not be facing the same existential pressures as those of Greece or Spain, nor are American protesters facing the sort of desperate brutality meted out on brave dissidents in Tunisia, Egypt or Syria. But the call for social justice echoes the same across continents.

2. Occupy Wall Street is fueled by youth. Reporters covering the ongoing occupation of Zuccotti Park have encountered and profiled a host of characters from all walks and stages of life. One of my favorite interviews so far has been Marsha Spencer, a 56-year-old grandmother who can be found on weekends at the park's western edge, knitting gloves and scarves for fellow protesters. She makes no bones about what's driving Occupy Wall Street: young people, including college students saddled with years of debt, 20-somethings struggling to land a job and an entire generation banging its head on what seems to be the ever lowering ceiling of their possibilities. "It's all about them," Spencer told me on a rainy morning last week in Zuccotti Park.

Not true for the Tea Party, whose typical supporter is older, wealthier and whiter than the American demographic average. It is a movement, by and large, of the haves — not the have-nots. "It's essentially reactionary," says David Graeber, a professor of anthropology at Goldsmiths College, University of London, who helped set up Occupy Wall Street's much-heralded general assembly and is one of the first people to push the movement's now ubiquitous slogan "We are the 99%." "The Tea Party core group is white middle-class Republicans who are angry that they seem to be losing their position of preeminence in society," he says. The ranks of Occupy Wall Street, on the other hand, are most heavily populated by young people, who, says Graeber, "are supposed to be the ones at the forefront, reimagining their society." Their protest fits into a long continuum of student and youth rebellions, most recently seen in the Mediterranean rim countries mentioned above.

3. Occupy Wall Street may prove much harder to co-opt into the political mainstream. Many have speculated on what direction Occupy Wall Street will turn as it picks up momentum and encroaches on the U.S.'s 2012 presidential race. Will the movement be co-opted by the country's big unions? Will Washington-based advocacy groups like MoveOn.org try to exploit for its own ends the success of motley, diverse bands of protesters occupying dozens of downtowns across the U.S.? And most important, will Occupy Wall Street radicalize the Democratic base the way the Tea Party energized the far right of the Republicans?

(PHOTOS: Labor Unions March with Occupy Wall Street Protesters)

At present, it's hard to see how Occupy Wall Street could generate the left-wing, Democratic versions of Rand Paul or Michele Bachmann. Few of the protesters one speaks to have any tolerance for either political party, which they say are equally enmeshed in a political system entirely beholden to vested corporate interests. The Tea Party, boosted by financial titans and an influential cable news network, was able to make the leap from grassroots anger to effective Beltway politicking. Occupy Wall Street has no such benefactors nor mouthpiece, and will have to undergo a massive — and potentially divisive — transformation should it become the sort of tempered, streamlined (what many would deem compromised) political player that can throw its weight behind the Obama Administration. For the time being, it remains a social movement far more interested in the sort of direct democracy practiced during occupations than that which gets negotiated in the corridors of power in Washington. The sentiments below may have been expressed by an exasperated Greek blogger in June, but they reverberate around Zuccotti Park today:

We will not suffer any more so that we can make the rich, even richer. We do not authorise any of the politicians, who failed so spectacularly, to borrow any more money in our name. We do not trust you or the people that are lending it. We want a completely new set of accountable people at the helm, untainted by the fiascos of the past. You have run out of ideas.

4. Occupy Wall Street still believes in politics and government. And this is where another important line has to be drawn. Whereas much of the Tea Party's programmatic ire seems directed at the very idea of government — and instead trumpets the virtue of self-reliance and the inexorable righteousness of the free market — Occupy Wall Street more sharply decries the collusion of corporate and political elites in Washington. The answer, for many of the protesters I've spoken to, is never the wholesale dismantling or whittling away of the capabilities of political institutions (except, perhaps, the Fed), but a subtler disentangling of Wall Street from Washington. Government writ large is not the problem, just the current sort of government.

Because at the end of the day, Occupy Wall Street, like most idealistic social movements, wants real political change. Excited activists in Zuccotti Park spoke to me about the advent of "participatory budgeting" in a number of city council districts in New York — an egalitarian system, first brought about in leftist-run cities in Latin America, that allows communities to dole out funds in their neighborhoods through deliberation and consensus building. It's the same process that gets played out every day by the activist general assemblies held in Zuccotti Park and other occupation sites around the U.S. To the outside observer, that may seem foolishly utopian — and impracticable on a larger scale — but it's a sign of the deep political commitment of many of the protesters gathering under Occupy Wall Street's banner. They want to fix government, not escape from it.

Ishaan Tharoor writes for TIME and is the editor of Global Spin. You can find him on Twitter at @ishaantharoor. You can also continue the discussion on TIME's Facebook page and on Twitter at @TIMEWorld.