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	<title>Salon.com > Bill Moyers</title>
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	<link>http://www.salon.com</link>
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		<title>Memorial for America&#8217;s conscience</title>
		<link>http://www.salon.com/2012/05/24/memorial_for_americas_conscience/</link>
		<comments>http://www.salon.com/2012/05/24/memorial_for_americas_conscience/#comments</comments>
		<pubDate>Thu, 24 May 2012 20:20:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Life]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Guantanamo]]></category>
		<category><![CDATA[Torture]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12926978</guid>
		<description><![CDATA[On this holiday, Americans should confront a grim fact about our country: We are torturers]]></description>
			<content:encoded><![CDATA[<p>Facing the truth is hard to do, especially the truth about ourselves. So Americans have been sorely pressed to come to terms with the fact that after 9/11 our government began to torture people, and did so in defiance of domestic and international law. Most of us haven’t come to terms with what that meant, or means today, but we must reckon with torture, the torture done in our name, allegedly for our safety.</p><p>It's no secret such cruelty occurred; it’s just the truth we’d rather not think about. But Memorial Day is a good time to make the effort. Because if we really want to honor the Americans in uniform who gave their lives fighting for their country, we'll redouble our efforts to make sure we’re worthy of their sacrifice; we'll renew our commitment to the rule of law, for the rule of law is essential to any civilization worth dying for.</p><p>After 9/11, our government turned to torture, seeking information about the terrorists who committed the atrocity and others who might follow after them. Senior officials ordered the torture of men at military bases and detention facilities in Afghanistan and Iraq, in secret CIA prisons set up across the globe, and in other countries – including Libya and Egypt -- where abusive regimes were asked to do Washington’s dirty work.</p><p><a href="http://www.salon.com/2012/05/24/memorial_for_americas_conscience/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>59</slash:comments>
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		<title>Joseph McCarthy reborn</title>
		<link>http://www.salon.com/2012/04/26/joseph_mccarthy_reborn/</link>
		<comments>http://www.salon.com/2012/04/26/joseph_mccarthy_reborn/#comments</comments>
		<pubDate>Thu, 26 Apr 2012 17:26:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Communism]]></category>
		<category><![CDATA[Republican Party]]></category>
		<category><![CDATA[Tea Party]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12910290</guid>
		<description><![CDATA[GOP Rep. Allen West told supporters that 78 to 81 Democrats in Congress are "members of the Communist Party"]]></description>
			<content:encoded><![CDATA[<p>We’ve talked at times about George Orwell’s classic novel "1984," and the amnesia that sets in when we flush events down the memory hole, leaving us at the mercy of only what we know today. Sometimes, though, the past comes back to haunt, like a ghost. It happened recently when we saw U.S. Rep. Allen West of Florida on the news.</p><p>A Republican and Tea Party favorite, he was asked at a local gathering how many of his fellow members of Congress are “card-carrying Marxists or International Socialists.”</p><p><a href="http://www.latimes.com/news/politics/la-pn-republican-congressman-claims-7881-democrats-are-communists-20120411,0,1492342.story">He replied</a>, “I believe there’s about 78 to 81 members of the Democrat Party who are members of the Communist Party. It’s called the <a href="http://cpc.grijalva.house.gov/">Congressional Progressive Caucus</a>.”</p><p><a href="http://www.salon.com/2012/04/26/joseph_mccarthy_reborn/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>89</slash:comments>
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		<title>Super PACS hit &#8220;Sesame Street&#8221;</title>
		<link>http://www.salon.com/2012/04/18/super_pacs_hit_sesame_street/</link>
		<comments>http://www.salon.com/2012/04/18/super_pacs_hit_sesame_street/#comments</comments>
		<pubDate>Wed, 18 Apr 2012 22:00:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Citizens United]]></category>
		<category><![CDATA[NPR]]></category>
		<category><![CDATA[PBS]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12884121</guid>
		<description><![CDATA[The recent court ruling to allow political ads on PBS and NPR reflects the same flawed "logic" as Citizens United]]></description>
			<content:encoded><![CDATA[<p>A couple of weeks ago, <a href="http://billmoyers.com/2012/03/29/let%E2%80%99s-stop-big-media%E2%80%99s-bad-behavior/">we wrote about</a> how the media giants who own your local commercial television and radio stations have been striking like startled rattlesnakes at an FCC proposal that would shed a light on who’s buying our elections. The proposed new rule would make it easier to find out who’s bankrolling political attack ads by posting the information online.</p><p>The stations already have the data and are required by law to make it public to anyone who asks. But you can get only it by going to the station and asking for the actual paper documents – what’s known as “the public file.” Stations don’t want to put it online because — you guessed it — that would make it too easy for you to find out who’s putting up the cash for all those ads polluting your hometown airwaves.</p><p>If approved, the new rule would require the ABC, CBS, NBC and Fox affiliates in the top 50 markets to make their files on political advertising available online immediately. Other stations would have a two-year grace period.</p><p><a href="http://www.salon.com/2012/04/18/super_pacs_hit_sesame_street/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>3</slash:comments>
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		<title>Obama&#8217;s new Wall Street foes</title>
		<link>http://www.salon.com/2012/04/12/obamas_new_wall_street_foes/</link>
		<comments>http://www.salon.com/2012/04/12/obamas_new_wall_street_foes/#comments</comments>
		<pubDate>Thu, 12 Apr 2012 20:29:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[U.S. Economy]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12859881</guid>
		<description><![CDATA[Former allies are turning on the president now that he wants to close gaping tax loopholes for the 1 percent]]></description>
			<content:encoded><![CDATA[<p>Benjamin Franklin, who used his many talents to become a wealthy man, famously said that the only things certain in life are death and taxes.  But if you’re a corporate CEO in America today, even they can be put on the back burner – death held at bay by the best medical care money can buy and the latest in surgical and life extension techniques, taxes conveniently shunted aside courtesy of loopholes, overseas investment and governments that conveniently look the other way.</p><p>In a story headlined, “<a href="http://online.wsj.com/article/SB10001424052702303815404577331660464739018.html">For Big Companies, Life Is Good</a>,” the Wall Street Journal reports that big American companies have emerged from the deepest recession since World War II more profitable than ever: flush with cash, less burdened by debt, and with a greater share of the country’s income. But, the paper notes, “Many of the 1.1 million jobs the big companies added since 2007 were outside the U.S. So, too, was much of the $1.2 trillion added to corporate treasuries.”</p><p><a href="http://www.salon.com/2012/04/12/obamas_new_wall_street_foes/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>60</slash:comments>
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		<title>The Wall Street backlash</title>
		<link>http://www.salon.com/2012/04/06/the_wall_street_backlash/</link>
		<comments>http://www.salon.com/2012/04/06/the_wall_street_backlash/#comments</comments>
		<pubDate>Fri, 06 Apr 2012 14:31:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12812081</guid>
		<description><![CDATA[Big banks are throwing even more money at Congress to scale back reform designed to protect your savings]]></description>
			<content:encoded><![CDATA[<p>Here we go again. Another round of the game we call Congressional Creep. After months of haggling and debate, Congress finally passes reform legislation to fix a serious rupture in the body politic, and the president signs it into law. But the fight’s just begun, because the special interests immediately set out to win back what they lost when the reform became law.</p><p>They spread money like manure on the campaign trails of key members of Congress. They unleash hordes of lobbyists on Capitol Hill, cozy up to columnists and editorial writers, spend millions on lawyers who relentlessly pick at the law, trying to rewrite or water down the regulations required for enforcement. Before you know it, what once was an attempt at genuine reform creeps back toward business as usual.</p><p>It’s happening right now with the Dodd-Frank Wall Street Reform and Consumer Protection Act – passed two years ago in the wake of our disastrous financial meltdown. Just last week, for example, both parties in the House overwhelmingly approved two bills that already would change Dodd-Frank’s rules on derivatives — those convoluted trading deals recently described by the chairman of the Commodity Futures Trading Commission as “the largest dark pool in our financial markets.”</p><p><a href="http://www.salon.com/2012/04/06/the_wall_street_backlash/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>18</slash:comments>
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		<title>Who&#8217;s buying your TV station?</title>
		<link>http://www.salon.com/2012/03/29/whos_buying_your_tv_station/</link>
		<comments>http://www.salon.com/2012/03/29/whos_buying_your_tv_station/#comments</comments>
		<pubDate>Thu, 29 Mar 2012 21:48:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[2012 Elections]]></category>
		<category><![CDATA[Media Criticism]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12757771</guid>
		<description><![CDATA[Big media groups stand to make billions on political ads this year. We should at least know who's paying for them]]></description>
			<content:encoded><![CDATA[<p>Over the years we’ve been reporting on how power is monopolized by the powerful. How corporate lobbyists, for example, far outnumber members of Congress. And how the politicians are so eager to do the bidding of donors that they allow those lobbyists to dictate the law of the land and make a farce of democracy. What we have is much closer to plutocracy, where the massive concentration of wealth at the top is protects and perpetuates itself by controlling the ends and means of politics.  This is why so many of us despair over fixing what’s wrong: we elect representatives to change things, and  once in office they wind up serving the deep-pocketed donors who put up the money to keep change from happening at all.</p><p>Here’s the latest case in point. The airwaves belong to all of us, right? They’re part of “the commons” that in theory no private interest should be able to buy or control. Nonetheless, government long ago allowed television and radio stations to use the airwaves for commercial purposes, and the advertising revenues have made those companies fabulously rich. But part of the deal was that in return for the privilege of reaping a fortune they would respect the public interest in a variety of ways, including covering the local news important to our communities. If they didn’t, they would be denied their license to use the airwaves at all.</p><p><a href="http://www.salon.com/2012/03/29/whos_buying_your_tv_station/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>6</slash:comments>
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		<title>What PBS owes the public</title>
		<link>http://www.salon.com/2012/03/23/what_pbs_owes_the_public/</link>
		<comments>http://www.salon.com/2012/03/23/what_pbs_owes_the_public/#comments</comments>
		<pubDate>Fri, 23 Mar 2012 18:41:00 +0000</pubDate>
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				<category><![CDATA[News]]></category>
		<category><![CDATA[Arts]]></category>
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		<category><![CDATA[Documentaries]]></category>
		<category><![CDATA[PBS]]></category>
		<category><![CDATA[Television]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12726261</guid>
		<description><![CDATA[The station has pushed its signature documentary series into shoddy time slots. America deserves better]]></description>
			<content:encoded><![CDATA[<p>Neither of us is old enough to have been fooled by the Trojan Horse (see Wikipedia). But we each have been working in public television decades enough to remember the days when distribution was handled by physically transporting bulky 2-inch videotapes from station to station -- “bicycled” was the word -- and much of the broadcast day and night was devoted to blackboard lectures, string quartets and lessons in Japanese brush painting: The old educational television versions of reality TV.</p><p>Yet it also was a time of innovation and creativity. As the system evolved we saw bold experiments like "PBL -- the Public Broadcasting Laboratory" and Al Perlmutter’s "The Great American Dream Machine," each a predecessor to the commercial TV magazine shows "60 Minutes" and "20/20."  The TV Lab, jointly run by David Loxton at WNET in New York and Fred Barzyk at WGBH in Boston, nurtured and encouraged the first generation of video artists — Nam June Paik, Bill Viola and William Wegman among others — and the early documentary work of such video pioneers as Jon Alpert and Keiko Tsuno of the Downtown Community Television Center, Alan and Susan Raymond, and the wild and woolly, guerrilla camera crews of TVTV.</p><p><a href="http://www.salon.com/2012/03/23/what_pbs_owes_the_public/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>24</slash:comments>
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		<title>America: Ground zero for a real &#8220;Contagion&#8221;</title>
		<link>http://www.salon.com/2012/02/29/america_ground_zero_for_a_real_contagion/</link>
		<comments>http://www.salon.com/2012/02/29/america_ground_zero_for_a_real_contagion/#comments</comments>
		<pubDate>Wed, 29 Feb 2012 14:00:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Life]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Contagion]]></category>
		<category><![CDATA[Health]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12454441</guid>
		<description><![CDATA[The increasing unwillingness of U.S. parents to vaccinate their kids makes such a pandemic all the more likely]]></description>
			<content:encoded><![CDATA[<p>We haven’t even turned the page on the controversy over contraceptives, health care and religious freedom when another thorny one arises involving personal conscience and public health. A flurry of stories over the past few days coincided with seeing a movie that inspires more than passing interest in their subject.</p><p>Steven Soderbergh’s film "Contagion" came out a few months ago and was inexplicably and completely frozen out of the Oscar nominations. But it is the most plausible experience of a global pandemic plague you’re likely to see until the real thing strikes. With outstanding performances from an ensemble cast that includes Matt Damon, Kate Winslet, Gwyneth Paltrow and Laurence Fishburne,"Contagion" is stark, beautiful in its own terrifying way, and all-too-believable. The story tracks the swift progress of a deadly airborne virus from Hong Kong to Minneapolis and Tokyo to London — from a handful of peanuts to a credit card to the cough of a stranger on a subway. Rarely does a film issue such an inescapable invitation to think: it could happen; that could be us. What would we do?</p><p><a href="http://www.salon.com/2012/02/29/america_ground_zero_for_a_real_contagion/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>156</slash:comments>
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		<title>Freedom of religion is freedom from religion</title>
		<link>http://www.salon.com/2012/02/16/freedom_of_religion_is_freedom_from_religion/</link>
		<comments>http://www.salon.com/2012/02/16/freedom_of_religion_is_freedom_from_religion/#comments</comments>
		<pubDate>Thu, 16 Feb 2012 21:00:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
		<category><![CDATA[News]]></category>
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		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Contraception]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12372891</guid>
		<description><![CDATA[Obama's contraception compromise is a rare practical solution to America's perennial church-state tensions]]></description>
			<content:encoded><![CDATA[<p>The president did something agile and wise the other day. And something quite important to the health of our politics. He reached up and snuffed out what some folks wanted to make into a cosmic battle between good and evil. No, said the president, we're not going to turn the argument over contraception into Armageddon, this is an honest difference between Americans, and I'll not see it escalated into a holy war. So instead of the government requiring Catholic hospitals and other faith-based institutions to provide employees with health coverage involving contraceptives, the insurance companies will offer that coverage, and offer it free.</p><p>The Catholic bishops had cast the president's intended policy as an infringement on their religious freedom; they hold birth control to be a mortal sin, and were incensed that the government might coerce them to treat it otherwise. The president in effect said: No quarrel there; no one's going to force you to violate your doctrine. But Catholics are also Americans, and if an individual Catholic worker wants coverage, she should have access to it -- just like any other American citizen. Under the new plan, she will. She can go directly to the insurer, and the religious institution is off the hook.</p><p><a href="http://www.salon.com/2012/02/16/freedom_of_religion_is_freedom_from_religion/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>162</slash:comments>
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		<title>America&#8217;s billionaire-run democracy</title>
		<link>http://www.salon.com/2012/02/13/americas_billionaire_run_democracy/</link>
		<comments>http://www.salon.com/2012/02/13/americas_billionaire_run_democracy/#comments</comments>
		<pubDate>Mon, 13 Feb 2012 22:48:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[2012 Elections]]></category>
		<category><![CDATA[Campaign Finance]]></category>
		<category><![CDATA[Citizens United]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12350981</guid>
		<description><![CDATA[Whichever candidate wins the 2012 presidential election will have been bought and paid for by the 1 percent]]></description>
			<content:encoded><![CDATA[<p>Watching what’s happening to our democracy is like watching the cruise ship Costa Concordia founder and sink slowly into the sea off the coast of Italy, as the passengers, shorn of life vests, scramble for safety as best they can, while the captain trips and falls conveniently into a waiting life boat.</p><p>We are drowning here, with gaping holes torn into the hull of the ship of state from charges detonated by the owners and manipulators of capital. Their wealth has become a demonic force in politics. Nothing can stop them. Not the law, which has been written to accommodate them. Not scrutiny — they have no shame. Not a decent respect for the welfare of others — the people without means, their safety net shredded, left helpless before events beyond their control.</p><p>The obstacles facing the millennial generation didn’t just happen. Take an economy skewed to the top, low wages and missing jobs, predatory interest rates on college loans: these are politically engineered consequences of government of, by and for the 1 percent. So, too, is our tax code the product of money and politics, influence and favoritism, lobbyists and the laws they draft for rented politicians to enact.</p><p><a href="http://www.salon.com/2012/02/13/americas_billionaire_run_democracy/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>47</slash:comments>
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		<title>The truth about Newt&#8217;s favorite punching bag</title>
		<link>http://www.salon.com/2012/02/06/the_truth_about_newts_favorite_punching_bag/</link>
		<comments>http://www.salon.com/2012/02/06/the_truth_about_newts_favorite_punching_bag/#comments</comments>
		<pubDate>Mon, 06 Feb 2012 20:00:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
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		<category><![CDATA[2012 Elections]]></category>
		<category><![CDATA[Newt Gingrich]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12307501</guid>
		<description><![CDATA[Saul Alinsky wasn't a socialist and has no ties to Obama. He was a populist patriot who fought for workers' rights]]></description>
			<content:encoded><![CDATA[<div>
<p dir="ltr">And now, a word about a good American being demonized, despite being long dead. Saul Alinsky is not around to defend himself, but that hasn’t kept Newt Gingrich from using his name to whip up the froth and frenzy of his followers, whose ignorance of the man is no deterrence to their eagerness, at Gingrich’s behest, to tar and feather him posthumously.</p>
<p>In his speeches, Gingrich pounds away at variations on the theme like the piano player in a cheap Western saloon. He declares, “The centerpiece of this campaign, I believe, is American exceptionalism versus the radicalism of Saul Alinsky,” or, “I believe in the Constitution, I believe in the Federalist Papers. Obama believes in Saul Alinsky and secular European socialist bureaucracy.”</p>
<p dir="ltr">It’s all quite clever and insidious, a classic lesson in how to slander someone who cannot answer from the grave, reminiscent of the tactics Gingrich used in those GOPAC memos back in 1996, when he suggested buzzwords and phrases to demonize opponents: corrupt, decay, pathetic, permissive attitude, self-serving and, of course, radical.</p>
<p dir="ltr">In the case of Saul Alinsky, most of the crowd knows nothing about the target except that they’re supposed to hate him. And why not? There’s the strange foreign name – obviously an alien. One of them. And a socialist at that. What’s a socialist? Don’t know -- but Obama’s one, isn’t he? Barack Hussein Obama, Saul Alinsky – bingo! Two peas in a pod, and a sinister, subversive pod at that.</p>
<p dir="ltr">But just who was Alinsky, really? Born in 1909, in the ghetto of Chicago’s South Side, he saw the worst of poverty and felt the ethnic prejudices that fester, then blast into violence when people are crowded into tenements and have too little to eat. He came to believe that working people, poor people, put down and stepped upon, had to organize if they were going to clean up the slums, fight the corruption that exploited them, and get a handhold on the first rung of the ladder up and out.</p>
<p>He became a protégé of labor leader John L. Lewis and took the principles of organizing into the streets, first in his hometown of Chicago, then across the country, showing citizens how to band together and non-violently fight for their rights, then training others to follow in his shoes. Along the way, Alinsky faced down the hatred of establishment politicians, attacks both verbal and physical, and jail time. He was a gutsy guy. Outspoken, confrontational, profane with a caustic wit, one journalist said he looked like an accountant and talked like a stevedore. He had a flair for the dramatic, once sending a neighborhood to dump its trash on the front step of an alderman who was allowing the garbage to pile up. Or immobilizing city hall, a department store or a stockholders meeting with a flood of demonstrators demanding justice.</p>
<p dir="ltr">One thing Newt has right -- Saul Alinsky was a proud, self-professed radical. Just look at the titles of two of his books – “Reveille for Radicals” and “Rules for Radicals.” But a communist or socialist he was not. He worked with them on behalf of social justice, just as he worked alongside the Catholic archdiocese in Chicago. When he went to Rochester, N.Y., to help organize the African-American community there after a fatal race riot, he was first invited by the local Council of Churches. It was conscience they all had in common, not ideology.</p>
<p dir="ltr">As far as his connection with Barack Obama, the president was just a kid in Hawaii when Alinsky died, something you would expect a good historian, as Gingrich claims to be, to know. The two men never met, although when Obama arrived on the South Side of Chicago as a community organizer, some of his grass-roots work with the poor was with an Alinsky-affiliated organization.</p>
<p dir="ltr">But that’s how it goes in the fight for basic human rights. Alinsky’s influence crops up all across the spectrum, even in the Tea Party. Get this: According to the Wall Street Journal, the conservative holy of holies, the one-time Republican majority leader in the House of Representatives, Dick Armey, whose Freedomworks organization helps bankroll the Tea Party, gives copies of Alinsky’s “Rules for Radicals” to Tea Party leaders.</p>
<p dir="ltr">Watch out Dick – you could be next on Newt’s list, although, curiously, in his fight against the wealthy Mitt Romney, Gingrich himself has stolen a page from Alinsky’s populist playbook. After Romney beat him in the Florida primary, Newt insisted he would continue the fight for the nomination and shouted, “We’re going to have people power defeat money power,” a sentiment that was Saul Alinsky through and through.</p>
<p dir="ltr">Alinsky died, suddenly, in 1972. At the time, he was planning to mount a campaign to organize white, middle-class Americans into a national movement for progressive change, a movement he vowed to take into the halls of Congress and – his words -- “the boardrooms of the megacorporations.”</p>
<p dir="ltr">Maybe that’s why Newt Gingrich has been slandering Alinsky’s name. Maybe he’s afraid, afraid that the very white folks he’s been rousing to frenzy will discover who Saul Alinsky was – a patriot in a long line of patriots, who scorned the malignant narcissism of duplicitous politicians and taught everyday Americans to think for themselves and fight together for a better life. That’s the American way, and any good historian would know it.</p>
</div><p><a href="http://www.salon.com/2012/02/06/the_truth_about_newts_favorite_punching_bag/">Continue Reading...</a></p>]]></content:encoded>
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		<title>Wall Street&#8217;s gilded frat party</title>
		<link>http://www.salon.com/2012/01/30/wall_streets_gilded_frat_party/</link>
		<comments>http://www.salon.com/2012/01/30/wall_streets_gilded_frat_party/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 19:07:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Great Recession]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12264531</guid>
		<description><![CDATA[At an opulent annual blowout, bailed-out bankers haze newbies, mock OWS and show just how out of touch they are]]></description>
			<content:encoded><![CDATA[<div>
<p dir="ltr">A week or so ago, we read in The New York Times about what in the Gilded Age of the Roman Empire was known as a bacchanal – a big blowout at which the imperial swells got together and whooped it up.</p>
<p dir="ltr">This one occurred here in Manhattan at the <a href="http://dealbook.nytimes.com/2012/01/20/raucous-hazing-at-a-wall-st-fraternity/">annual black-tie dinner and induction ceremony</a> for Kappa Beta Phi.  That’s the very exclusive Wall Street fraternity of billionaire bankers, and private equity and hedge fund predators. People like Wilbur Ross, the  vulture capitalist; Robert Benmosche, the CEO of AIG, the insurance giant that received tens of billions in bailout money; and Alan “Ace” Greenberg, former chairman of Bear Stearns, the failed investment bank bought by JPMorgan Chase.</p>
<p dir="ltr">They got together at the St. Regis Hotel off Fifth Avenue to eat rack of lamb, drink and haze their newest members, who are made to dress in drag, sing and perform skits while braving the insults, wine-soaked napkins and petit fours – those fancy little frosted cakes -- hurled at them by the old guard. In other words, a gilt-edged Animal House, food fight and all.</p>
<p dir="ltr">This year, the butt of many a joke were the protesters of Occupy Wall Street. In one of the sketches, the bond specialist James Lebenthal scolded a demonstrator with a face tattoo, “Go home, wash that off your face and get back to work.” And in another, a member -- dressed like a protester – was told, “You’re pathetic, you liberal. You need a bath!”</p>
<p dir="ltr">Pretty hilarious stuff. The whole affair’s reminiscent of the wingdings the robber barons used to throw during America’s own Gilded Age a century and a half ago, when great wealth amassed at the top, far from the squalor and misery of working stiffs. Guests would arrive in the glittering mansions for costume balls that rivaled Versailles, reinforcing the sense of superiority and the virtue of a ruling class that depended on the toil and sweat of working people.</p>
<p dir="ltr">That’s consistent with the attitude expressed by several of these types after Occupy Wall Street sprung up; bankers told the Times on the record that they could understand the anger of the protesters camped on their doorstep;  but privately, a  hedge manager said, “Most… view [it] as ragtag group looking for sex, drugs, and rock ’n’ roll.”</p>
<p dir="ltr">So sayeth the winners in our winner-take all economy. The very guys who were celebrating at the St. Regis because they were too big to fail. Even when they fell flat on their faces, the government was there to dust them off, bail them out and send them back to fight the class war with nary a harsh word or punishment. Talk about a nanny welfare state.</p>
<p dir="ltr">None of this was by accident. The last three decades have witnessed a carefully calculated heist worthy of Robert Redford and Paul Newman in “The Sting” -- but on a massive scale. It was an inside job, <a href="http://billmoyers.com/episode/on-winner-take-all-politics/">politically engineered by Wall Street and Washington</a> working hand-in-hand, sticky fingers with sticky fingers, to turn the legend of Robin Hood on its head – giving to the rich and taking from everybody else. Don’t take our word for it – it’s all on the record.</p>
<p dir="ltr">The biggest of the big boys was Citigroup, at one time the world’s largest financial institution. When the meltdown hit in 2008, the bank cut more than 50,000 jobs and you and other taxpayers shelled out more than $45 billion to save it. And how are Citigroup executives doing? Nicely, thank you. Last year, its CEO, Vikram Pandit, took home $1.75 million in base salary, and was awarded $3.7 million in deferred stock.</p>
<p dir="ltr">According to the Times, “Citigroup is expected to disclose the rest of his pay, cash, be it upfront or deferred, in March. In addition, while not necessarily for work performed in 2011, Mr. Pandit last year was awarded a $16.7 million retention bonus, plus stock options that could add $6.5 million to the package’s overall value.” Makes you want to cry out, “Retain me! Retain me!”</p>
<p dir="ltr">To be fair, Vikram Pandit was at the World Economic Summit in Davos, Switzerland last week, where <a href="http://www.bloomberg.com/news/2012-01-25/citigroup-targets-banking-basics-amid-anger-pandit-says-1-.html">he told Bloomberg News</a>, “It’s important for the financial system to acknowledge that there’s a great deal of anger directed at it… Trust has been broken. Banks have to serve clients, not serve themselves.” What’s more, he has said that the “sentiments” expressed by Occupy Wall Street demonstrators were “completely understandable.”</p>
<p dir="ltr">This, in contrast to the financial industry official who told a reporter that the protesters’ issues were “a lot of sound and fury, signifying nothing.” Or, as they used to say while partying down at the court of Louis XVI and Marie Antoinette, let them eat petits fours.</p>
</div><p><a href="http://www.salon.com/2012/01/30/wall_streets_gilded_frat_party/">Continue Reading...</a></p>]]></content:encoded>
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		<title>The Wall Streeters Obama loves most</title>
		<link>http://www.salon.com/2012/01/23/the_wall_streeters_obama_loves_most/</link>
		<comments>http://www.salon.com/2012/01/23/the_wall_streeters_obama_loves_most/#comments</comments>
		<pubDate>Mon, 23 Jan 2012 22:20:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Lobbying]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12222991</guid>
		<description><![CDATA[The president may call them "fat cats" in public, but far too many of his closest advisors are former bankers]]></description>
			<content:encoded><![CDATA[<div>
<p dir="ltr">We’ve already made our choice for the best headline of the year, so far:</p>
<p dir="ltr">"Citigroup Replaces JPMorgan as White House Chief of Staff."</p>
<p>When we saw it on the website Gawker.com we had to smile -- but the smile didn’t last long.  There’s simply too much truth in that headline; it says a lot about how Wall Street and Washington have colluded to create the winner-take-all economy that rewards the very few at the expense of everyone else.<strong><strong><br />
</strong></strong></p>
<p dir="ltr">The story behind it is that Jack Lew is President Obama’s new chief of staff -- arguably the most powerful office in the White House that isn’t shaped like an oval. He used to work for the giant banking conglomerate Citigroup. His predecessor as chief of staff is Bill Daley, who used to work at the giant banking conglomerate JPMorgan Chase, where he was maestro of the bank’s global lobbying and chief liaison to the White House.</p>
<p dir="ltr">Daley replaced Obama’s first chief of staff, Rahm Emanuel, who once worked  as a rainmaker for the investment bank now known as Wasserstein &amp; Company, where in less than three years he was paid a reported eighteen and a half million dollars.</p>
<p dir="ltr">The new guy, Jack Lew – said by those who know to be a skilled and principled public servant – ran hedge funds and private equity at Citigroup, which means he’s a member of the Wall Street gang, too.  His last job was as head of President Obama’s Office of Management and Budget, where he replaced Peter Orzag, who now works as vice chairman for global banking at – hold onto your deposit slip -- Citigroup.</p>
<p dir="ltr">Still with us? It’s startling the number of high-ranking Obama officials who have spun through the revolving door between the White House and the sacred halls of investment banking. Sure, you can argue that it makes sense that the chief executive of the nation would look to other executives for the expertise you need to build back from the disastrous collapse of the banks in the final year of the Bush Administration.</p>
<p dir="ltr">Remember -- it was Bush and Cheney with their cronies in big business who helped walk us right into the blast furnace of financial meltdown, then rushed to save the banks with taxpayer money. That little fact seems to have been overlooked in the current primaries.</p>
<p dir="ltr">All this brings back memories of Hank Paulson, doesn’t it? Hank Paulson, the $700-million man who became secretary of the treasury for President Bush. Paulson had been head of Goldman Sachs, the rich investment bank.  As his successor at Goldman Sachs, Paulson chose Lloyd Blankfein. Several times, according to Bloomberg News, Rolling Stone,and Paulson’s own memoir, the treasury secretary made sure Blankfein and Goldman got privileged inside information.</p>
<p dir="ltr">But Bush and Cheney aren’t the only ones to have a soft spot for financiers. President Obama may call bankers “fat cats” and stir the rabble against them with populist rhetoric when it serves his interest, but after the fiscal fiasco, he allowed the culprits to escape virtually scot-free. When he’s in New York he dines with them frequently and eagerly accepts their big contributions.  Like his predecessors, his administration also has provided them with billions of taxpayer dollars – low-cost money that they used for high-yielding investments to make big profits. The largest banks are bigger than they were when he took office and earned more in the first two-and-a-half years of his term than they did during the entire eight years of the Bush administration. That’s confirmed by industry data.</p>
<p dir="ltr">And get this. It turns out, according to The New York Times, that as President Obama’s inner circle has been shrinking, his “rare new best friend” is Robert Wolf. They play basketball, golf and talk economics when Wolf is not raising money for the president’s campaign.</p>
<p dir="ltr">Robert Wolf runs the U.S. branch of the giant Swiss bank UBS, which participated in schemes to help rich Americans evade their taxes. During hearings in 2009, Michigan’s Senator Carl Levin, chairman of the permanent subcommittee on investigations, described some of the tricks used by UBS: “Swiss bankers aided and abetted violations of U.S. tax law by traveling to this country with client code names, encrypted computers, counter- surveillance training, and all the rest of it, to enable U.S. residents to hide assets and money in Swiss accounts.</p>
<p dir="ltr">“The bankers then returned to Switzerland and treated their conduct as blameless since Swiss law says tax evasion is no crime. The Swiss bank before us deliberately entered United States, actively sought U.S. clients and secretly helped those U.S. clients defraud the United States of America.”</p>
<p dir="ltr">And so it goes, the revolving door between government service and big money in the private sector spinning so fast it becomes an irresistible force hurling politics and high finance together so completely it’s impossible to tell one from the other.</p>
</div><p><a href="http://www.salon.com/2012/01/23/the_wall_streeters_obama_loves_most/">Continue Reading...</a></p>]]></content:encoded>
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		<title>The fight to save the American dream</title>
		<link>http://www.salon.com/2012/01/17/the_fight_to_save_the_american_dream/</link>
		<comments>http://www.salon.com/2012/01/17/the_fight_to_save_the_american_dream/#comments</comments>
		<pubDate>Tue, 17 Jan 2012 21:05:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Great Recession]]></category>
		<category><![CDATA[Mitt Romney]]></category>
		<category><![CDATA[Occupy Wall Street]]></category>
		<category><![CDATA[U.S. Economy]]></category>

		<guid isPermaLink="false">http://www.origin.railrode.net/?p=12184211</guid>
		<description><![CDATA[It's not "class warfare." People have just realized how extreme inequality is wrecking our country]]></description>
			<content:encoded><![CDATA[<p>If you’re part of the one percent, even getting fired comes with a cushion made of eiderdown. GMI, a research company that gets paid to keep an eye on such things, just issued a study headlined, “<a href="http://www2.gmiratings.com/news_docs/1776gmi_pressrelease_goldenparachutes_10jan2012_final.pdf">Twenty-One U.S. CEOs with Golden Parachutes of More than $100 Million</a>.” That’s each.</p><p>The report’s authors, Paul Hodgson and Greg Ruel, write, “These 21 CEOs walked away with almost $4 billion in combined compensation. In total, $1.7 billion in equity profits was realized by these CEOs, primarily on the exercise of time-vesting stock options and restricted stock.”</p><p>This news came the same day as another report, this one from Indiana University, titled, “<a href="http://www.indiana.edu/~spea/pubs/white_paper_at_risk.pdf">At Risk: America’s Poor during and after the Great Recession</a>.” Its researchers conclude, “The number of people living in poverty is increasing and is expected to increase further, despite the recovery. The proportion of people living in poverty has increased by 27 percent between the year before the onset of the Great Recession (2006) and 2010… Poverty is expected to increase again in 2011 due to the slow pace of the economic recovery, the persistently high rate of unemployment, and the long duration of spells of unemployment.”</p><p><a href="http://www.salon.com/2012/01/17/the_fight_to_save_the_american_dream/">Continue Reading...</a></p>]]></content:encoded>
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		<title>Woody Guthrie, more relevant than ever</title>
		<link>http://www.salon.com/2012/01/13/woody_guthrie_more_relevant_than_ever/</link>
		<comments>http://www.salon.com/2012/01/13/woody_guthrie_more_relevant_than_ever/#comments</comments>
		<pubDate>Fri, 13 Jan 2012 15:53:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Arts]]></category>
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		<description><![CDATA[When conservative Oklahoma finally accepts its lefty prodigal son, it bodes well for a nation steeped in inequality]]></description>
			<content:encoded><![CDATA[<p>The traveling medicine show known as the race for the Republican presidential nomination has moved on from Iowa and New Hampshire, and all eyes are now on South Carolina.</p><p>Well, not exactly all. At the moment, our eyes are fixed on some big news from the great state of Oklahoma, home of the legendary American folk singer Woody Guthrie, whose 100th birthday will be celebrated later this year.</p><p>Woody saw the ravages of the Dust Bowl and the Depression firsthand; his own family came unraveled in the worst hard times. And he wrote tough yet lyrical stories about the men and women who struggled to survive, enduring the indignity of living life at the bone, with nothing to eat and no place to sleep. He traveled from town to town, hitchhiking and stealing rides in railroad boxcars, singing his songs for spare change or a ham sandwich. What professional success he had during his own lifetime, singing in concerts and on the radio, was often undone by politics and the restless urge to keep moving on. "So long, it’s been good to know you," he sang, and off he would go.</p><p><a href="http://www.salon.com/2012/01/13/woody_guthrie_more_relevant_than_ever/">Continue Reading...</a></p>]]></content:encoded>
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		<title>Vintage chat: Moyers and Stewart</title>
		<link>http://www.salon.com/2011/05/18/bill_moyers_jon_stewart/</link>
		<comments>http://www.salon.com/2011/05/18/bill_moyers_jon_stewart/#comments</comments>
		<pubDate>Wed, 18 May 2011 16:30:00 +0000</pubDate>
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				<category><![CDATA[Arts]]></category>
		<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Interviews]]></category>
		<category><![CDATA[Jon Stewart]]></category>
		<category><![CDATA[Television]]></category>
		<category><![CDATA[The Daily Show]]></category>

		<guid isPermaLink="false">http://www.salon.com/entertainment/tv/feature/2011/05/18/bill_moyers_jon_stewart</guid>
		<description><![CDATA["The Daily Show" star talks war, journalism and innocence, in this excerpt from Bill Moyers' new anthology]]></description>
			<content:encoded><![CDATA[<p>Someone asked why I invited Jon Stewart to be the first guest on the Journal's premiere in 2007. "Because Mark Twain isn't available," I answered. I was serious. Like Twain, Stewart has proven that truth is more digestible when it's marinated in humor.</p><p>He and his writers craft political commentary the way Stradivarius made violins. Exquisitely. Just watch "The Daily Show." Or, on a dark and stormy night, when the news from Washington has your stomach churning and your nerves jangling, dip into their book, "America (The Book): A Citizen's Guide to Democracy Inaction." You will instantly feel better. My favorite entry is their "inspirational" story of how the media "transformed itself from a mere public necessity into an entertaining profit center for ever-expanding corporate empires." Unfortunately, this account will make you weep as much as laugh. Stewart regularly reminds us how the press botches the world, often deliberately. Witness his spot-on put-downs of Fox News, CNBC's coverage of the global financial crisis, and the vapid bombast of CNN's late and unlamented "Crossfire," which came to an end soon after Stewart appeared on it and said, in effect, "Shame on you!"</p><p><a href="http://www.salon.com/2011/05/18/bill_moyers_jon_stewart/">Continue Reading...</a></p>]]></content:encoded>
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		<title>What the right means when it calls NPR &#8220;liberal&#8221;</title>
		<link>http://www.salon.com/2011/03/25/moyers_winship_npr/</link>
		<comments>http://www.salon.com/2011/03/25/moyers_winship_npr/#comments</comments>
		<pubDate>Fri, 25 Mar 2011 15:57:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
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		<category><![CDATA[NPR]]></category>
		<category><![CDATA[War Room]]></category>

		<guid isPermaLink="false">http://www.salon.com/news/politics//war_room/2011/03/25/moyers_winship_npr</guid>
		<description><![CDATA[Bill Moyers and Michael Winship debunk the claim that NPR is the left-wing opposite of the right-wing media machine]]></description>
			<content:encoded><![CDATA[<p>Like Jake LaMotta and his brother Joey in the bloody boxing classic "Raging Bull," we are gluttons for punishment. So here we are again, third week in a row, defending NPR against the bare-knuckled assault of its critics.</p><p>Our earlier pieces on the funding threat to NPR have generated plenty of punches, both pro and con. And although most of the comments were welcome, and encouraged further thinking about the value of public media in a democratic society, a few reminded us of the words of the poet and scholar James Merrick: "So high at last the contest rose/From words they almost came to blows!"</p><p>Nonetheless, reading those comments and criticisms made us realize there are a couple of points that these two wizened veterans of public broadcasting -- with the multiple tote bags and coffee mugs to prove it -- would like to clarify.</p><p>For one, when we described the right-wing media machine as NPR&#8217;s "long-time nemesis," it was not to suggest that somehow public radio is its left-wing opposite. When it comes to covering and analyzing the news, the reverse of right isn't left; it's independent reporting that toes neither party nor ideological line. We&#8217;ve heard no NPR reporter -- not a one -- advocating on the air for more government spending (or less), for the right of abortion (or against it), for or against gay marriage, or for or against either political party, especially compared to what we hear from Fox News and talk radio on all of these issues and more.</p><p><a href="http://www.salon.com/2011/03/25/moyers_winship_npr/">Continue Reading...</a></p>]]></content:encoded>
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		<title>In defense of NPR</title>
		<link>http://www.salon.com/2011/03/10/bill_moyers_npr/</link>
		<comments>http://www.salon.com/2011/03/10/bill_moyers_npr/#comments</comments>
		<pubDate>Thu, 10 Mar 2011 22:20:00 +0000</pubDate>
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				<category><![CDATA[Politics]]></category>
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		<guid isPermaLink="false">http://www.salon.com/news/politics//war_room/2011/03/10/bill_moyers_npr</guid>
		<description><![CDATA[Bill Moyers and Michael Winship on the right's latest assault on public broadcasting]]></description>
			<content:encoded><![CDATA[<p>Come on now: Let&#8217;s take a breath and put this NPR fracas into perspective.</p><p>Just as public radio struggles against yet another assault from its long-time nemesis -- the right-wing machine that would thrill if our sole sources of information were Fox News, Rush Limbaugh, and ads paid for by the Koch Brothers -- it walks into a trap perpetrated by one of the sleaziest operatives ever to climb out of a sewer.</p><p>First, in the interest of full disclosure: While not presently committing journalism on public television, the two of us have been colleagues on PBS for almost 40 years (although never for NPR). We&#8217;ve lived through every one of the fierce and often unscrupulous efforts by the right to shut down both public television and radio. Our work has sometimes been the explicit bull's eye on the dartboard, as conservative ideologues sought to extinguish the independent reporting and analysis they find so threatening to their phobic worldview.</p><p>We have come to believe, as so many others have, that only the creation of a substantial trust fund for public media will free it from the whims and biases of the politicians, including Democratic politicians (yes, after one of our documentaries tracking President Clinton's scandalous fund-raising in the mid-'90s, the knives were sharpened on the other side of the aisle).</p><p><a href="http://www.salon.com/2011/03/10/bill_moyers_npr/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>150</slash:comments>
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		<title>Chevron&#8217;s &#8220;crude&#8221; attempt to suppress free speech</title>
		<link>http://www.salon.com/2010/05/14/chevron_berlinger_ecuador_ruling_open2010/</link>
		<comments>http://www.salon.com/2010/05/14/chevron_berlinger_ecuador_ruling_open2010/#comments</comments>
		<pubDate>Fri, 14 May 2010 19:53:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Environment]]></category>

		<guid isPermaLink="false">http://www.salon.com/news/opinion//feature/2010/05/14/chevron_berlinger_ecuador_ruling_open2010</guid>
		<description><![CDATA[As BP oil pours into the Gulf, another petrol giant wins a legal victory over independent journalism]]></description>
			<content:encoded><![CDATA[<p>Even as headlines and broadcast news are dominated by BP's fire-ravaged, sunken offshore rig and the ruptured well gushing a reported 210,000 gallons of oil per day into the Gulf of Mexico, there's another important story involving Big Oil and pollution -- one that shatters not only the environment but the essential First Amendment right of journalists to tell truth and shame the devil. &#160;</p><p>(Have you read, by the way, that after the surviving, dazed and frightened workers were evacuated from that burning platform, they were met by lawyers from the drilling giant Transocean with forms to sign stating they had not been injured and had no first-hand knowledge of what had happened?! So much for the corporate soul.)</p><p>But our story is about another petrochemical giant -- Chevron -- and a major threat to independent journalism. In New York last Thursday, Federal Judge Lewis A. Kaplan ordered documentary producer and director Joe Berlinger to turn over to Chevron more than 600 hours of raw footage used to create a film titled Crude: The Real Price of Oil.</p><p><a href="http://www.salon.com/2010/05/14/chevron_berlinger_ecuador_ruling_open2010/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>5</slash:comments>
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		<title>Crocodile tears on Wall Street</title>
		<link>http://www.salon.com/2010/04/17/original_tea_party_ext2010/</link>
		<comments>http://www.salon.com/2010/04/17/original_tea_party_ext2010/#comments</comments>
		<pubDate>Sat, 17 Apr 2010 00:20:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[All Salon]]></category>
		<category><![CDATA[Bank Bailouts]]></category>
		<category><![CDATA[Tea Parties]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.salon.com/news/opinion//feature/2010/04/16/original_tea_party_ext2010</guid>
		<description><![CDATA[In the spirit of the original tea party, activists should be demanding accountability from Wall Street]]></description>
			<content:encoded><![CDATA[<p>With all due respect, we can only wish those Tea Party activists who gathered in Washington and other cities this week weren&#8217;t so single-minded about just who&#8217;s responsible for all their troubles, real and imagined. They&#8217;re up in arms, so to speak, against Big Government, especially the Obama administration.</p><p>If they thought this through, they&#8217;d be joining forces with other grassroots Americans who in the coming weeks will be demonstrating in Washington and other cities against High Finance, taking on Wall Street and the country&#8217;s biggest banks.</p><p>The original Tea Party, remember, wasn&#8217;t directed just against the British redcoats. Colonial patriots also took aim at the East India Company. That was the joint-stock enterprise originally chartered by the first Queen Elizabeth. Over the years, the government granted them special rights and privileges, which the owners turned into a monopoly over trade, including tea.</p><p>It may seem a bit of a stretch from tea to credit default swaps, but the principle is the same: When enormous private wealth goes unchecked, regular folks get hurt &#8212; badly. That&#8217;s what happened in 2008 when the monied interests led us up the garden path to the great collapse.</p><p><a href="http://www.salon.com/2010/04/17/original_tea_party_ext2010/">Continue Reading...</a></p>]]></content:encoded>
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		<slash:comments>24</slash:comments>
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