Financial Capitalism and the US teachers’ pension fund fraud

An “internal study” of the California Teachers’ Retirement System (Cal STRS) indicates that the public school pension fund faces a $64 billion deficit, according to the Sacramento Bee, dated  February 4, 2013 (http://blogs.sacbee.com/capitolalertlatest/2013/02/california-teachers-pension-fund-faces-64-billion-deficit.html#storylink=cpy=). The California State Teachers Retirement System produced the report in response to a legislative resolution.  The release of the “internal study” followed […]

An Open letter to the White House,

I have received repeated letters asking me to contribute to beat the Republicans/Tea Party/Koch Brothers/Corporate America, all of whom are richer than God and certainly richer than I and everyone I know collectively.  And, I know a few, very comfortable people.  While I am not a fan of pissing into the wind, that is NOT […]

Department of Defense or Department of Money Sucking?

Saul Landau and Nelson P. Valdés History quiz: Name the greatest robbery committed in the last 100 years. A: Bernard Madoff’s Ponzi scheme B: Nazi theft of art treasures from conquered nations C. Diamonds stolen from Africa by Belgians D. The Pentagon budget. This is not a tricky multiple choice question where all the answers […]

How Much Is Enough?

“International oil companies are submitting bids Friday Dec. 11, 2009 for 15 oil fields that represent about a third of Iraq’s known oil reserves, although fears about security in some restive regions of Iraq have caused concern for the oil companies.” In case there was ever any question as to why we went into Iraq, […]