The Forgotten Origins Of Wall Street In Slave Auctions

Slave market along the waterfront at Wall Street in New York City, in operation between 1711 and 1762. Wood engraving, American, 19th century.

One might think New York was a bastion of abolitionist sentiment before the Civil War. Hamilton’s Federalists had led a move for gradual emancipation in 1799; the last black person was freed in 1842. They, too, needed John Brown and mass abolitionism from below. Wall Street had founded the slave trade in 1711. Fernando Wood, mayor in 1860, proposed joining the Confederacy because of the heavy influence of slave-produced cotton/textiles. Two years ago, construction workers on a new building hit a cemetery for slaves. Over 40% of the skeletons were from people under 15. Bondage murdered (resulted in the otherwise unnecessary deaths of) many, many people. Last week, the Times editorial page below called Wall Street – at last – to account. As in Denver with Silas Soule at 16th street, so in New York, a plaque will be put up, honoring those captured and murdered, among the glitter of those who traded in them to found their fortunes (see also Craig Slaughter’s Ebony & Ivy on the founding of major universities).

Newsletter - Overcome Fear With Love

Love Over Fear

Instead of taking action to prevent or mitigate the next crisis, politicians are causing more harm as they work hand in hand with the wealthy elites who are trying to grab even greater power and extract even greater riches. Maryland’s governor was quick to bring in the National Guard and militarized police, but just cut Baltimore education funding by $11.6 million to fund pensions, while last week the state approved funding for a youth jail the people in Baltimore don’t want. This article provides five key facts about Baltimore and a graphic that shows how the United States built its wealth on slavery, Jim Crow and racially-based economic injustice and kept African Americans from benefiting the economy. Also, as a special addition to recognize BB King, he sings “Why I Sing the Blues” describing the history of African Americans from slavery until today.

Dominion Confronted By Protests Outside Annual Meeting

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Over 150 protesters from across Virginia and Maryland greeted Dominion Resources executives and board members arriving for the company’s annual shareholder meeting this morning, in a sign of the growing citizen backlash over the company’s dirty energy investments and dirty politics. (Click here to view photos.) More than 50 landowners and concerned citizens from Buckingham, Nelson, and Augusta Counties—all in the path of the company’s controversial proposed Atlantic Coast Pipeline—journeyed by bus. They were joined outside the entrance to Dominion’s training facility by citizens who had packed vans from Northern Virginia, Hampton Roads, and other communities fighting the company’s climate-threatening plans and its anti-democratic lock on Virginia politicians.

Senators Demand Action From Pentagon On Reprisal

Pentagon

Senators Charles Grassley (R-Iowa ) and Mark Warner (D-Virginia) have sent a letter to Department of Defense Secretary Ashton Carter urging the Secretary to investigate retaliatory actions that the Defense Information Systems Agency (DISA) took against its former Comptroller after he reported budget shortfalls and accounting practices that he believed violated federal law and regulations to the agency’s director and other officials. DISA is the federal agency responsible for providing and maintaining communications networks for U.S. military forces, the President, Vice President, and the Secretary of Defense.

Bad Trade Policies Destroyed My Hometown; TPP Coming For Yours

A policewoman removes a man protesting the Trans-Pacific Partnership as U.S. Trade Representative Michael Froman (right) testifies at a Senate Finance Committee hearing in Washington on Tuesday. | Photo: Reuters  This content was originally published by teleSUR at the following address:  http://www.telesurtv.net/english/opinion/TPP-Trade-Negotiations-At-Critical-Juncture-20150324-0034.html. If you intend to use it, please cite the source and provide a link to the original article. www.teleSURtv.net/english

The TPP is called “NAFTA on steroids” for good reason. It threatens to ship even more jobs to countries like Vietnam, where workers earn poverty wages and are forbidden from unionizing; where some of my best friends lost their lives. It would deregulate big business even further, endangering our communities and our environment. It would allow big pharmaceuticals to drive up the prices of life saving medications. And by fast tracking the TPP, big corporations are stopping our democratically-elected lawmakers from even making changes to the deal. I want to be clear about this: Not only do TPP’s corporate backers have the gall to write and push this terrible trade deal, they want to do it behind closed doors, without even letting members of Congress read it.

Pro-Israel Clause Added To Trade Debate Unanimously

Senator Orrin Hatch (R-Utah) chairs the Senate Finance Committee that passed the little-noticed amendment. (Photo: Gage Skidmore/flickr/cc)

U.S. lawmakers are quietly advancing legislation that would penalize international participation in the growing movement to boycott, divest from, and sanction (BDS) Israel for human rights abuses against Palestinians. With little notice, anti-BDS directives were injected into the “Fast Track” legislation that passed the Senate Finance Committee Wednesday night, despitebroad opposition to the bill, which gives the administration of President Barack Obama authority to ram though so-called “free trade” deals. An amendment, included in the bill and sponsored by Senator Ben Cardin (D-Md.), stipulates that, as a principle of trade negotiations, the U.S. should put pressure on other countries not to engage in BDS against Israel of any kind, including refusal to do business with settlements.

Stock Market Rigging Is No Longer A ‘Conspiracy Theory’

Photo: Getty Images

The stock market is rigged. When I started making that claim years ago — and provided solid evidence — people scoffed. Some called it a conspiracy theory, tinfoil hats and that sort of stuff. Most people just ignored me. But that’s not happening anymore. The dirty secret is out. With stock prices rushing far ahead of economic reality over the last six or so years, more experts in the financial markets are coming to the same conclusion — even if they don’t fully understand how it’s being rigged or the consequences. Ed Yardeni, a longtime Wall Street guru who isn’t one of the clowns of the bunch, said flat out last week that the market was being propped up. “These markets are all rigged, and I don’t say that critically. I just say that factually,” he asserted on CNBC.

Fast Track A Bad Deal For Farmers & Our Food System, 110+ Groups Say

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Over 110 farm, food and consumer groups urged members of Congress in aletter today to oppose trade promotion authority or “fast track” legislation that would pave the way for trade agreements detrimental to farmers, ranchers and food systems, such as the Trans-Pacific Partnership (TPP). A fast track bill, expected to be introduced this week, would allow the President to negotiate two mega trade deals in secret, and present a final version to Congress for a simple up or down vote—depriving Congress of its right to amend the finalized agreement. The groups expressed concern that pending trade deals would primarily benefit agribusiness corporations and not address the key challenges facing farmers and rural communities.

The High Cost Of Fighting For The $15/Hr Minimum Wage

SavUMor Discount Foods employee Ray Smith (left) greets a customer outside the store January 29, 2015, in Pine Bluff, Ark.  (Photo by Russ Scalf for The Washington Post)

This is no plea for pity for corporate kingpins like Walmart and McDonald’s inundated by workers’ demands for living wages. Raises would, of course, cost these billion-dollar corporations something. More costly, though, is the price paid by minimum-wage workers who have not received a raise in six years. Even more dear is what these workers have paid for their campaign to get raises. Managers have harassed, threatened and fired them. Despite all that, low-wage workers will return to picket lines and demonstrations Wednesday in a National Day of Action in the fight for $15 an hour. The date is 4 – 15. These are workers who live paycheck to paycheck, barely able to pay their bills, and certainly unable to cope with an emergency.

A Rogue Reporter Takes On The Masters Of The Universe

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I started working as a reporter at the Financial Times soon after the financial crisis began and at the height of the so-called “War on Terror”. I was a young, ambitious reporter assigned to one of the world’s most respected broadsheets, ready to speak the truth. I learnt soon enough that this was not the place to do it. Maybe I should have guessed. In the aftermath of the 9/11 terrorist attacks in New York City and Washington, I had had a partial awakening. As the war drums sounded in 2003, I learnt that the United States and the United Kingdom, despite now pushing for a war with him, had, in the 1980s, been supporting Saddam Hussein. The man we were presenting as the devil incarnate had only years earlier been our buddy. Soon after, I saw that my government thought nothing of rewriting intelligence to trick its own citizens into a totally illegal war.

New Chinese Development Bank, Crisis For US Dominance

End US Imperialism

Yesterday was the deadline for countries to sign up as founding members of the China-backed Asia Infrastructure Investment Bank (AIIB). It will go down in history as marking a significant defeat for the global foreign policy and strategic objectives of United States imperialism. Against strenuous opposition from Washington, more than 40 countries have now indicated they want to be part of the AIIB. Major European powers including Britain, France and Germany, as well as Norway, Denmark and the Netherlands, are on board. Almost all countries in the South East Asian region, which count China as their major trading partner, have also signed up. India is also a signatory, together with Taiwan. The most significant blow against the US was struck by Britain, its chief European ally, which announced its decision to join on March 12. It opened the floodgates for others to follow, including two key US allies in the Asia-Pacific—Australia and South Korea. Japan is also reported to be considering joining, possibly as early as June.

What Atlantic Coast Should Brace For If Offshore Drilling Approved

A ship floats amongst a sea of spilled oil in the Gulf of Mexico after the BP Deepwater Horizon oil disaster. Large-scale spills like this one are only the tip of the iceberg when it comes to the environmental impacts of offshore drilling. (Photo: kris krüg)

A network of pipelines [is] required to connect the rigs to the mainland for the transportation of oil and gas resources and in some cases, waste products. The pipelines disrupt the sea bottom ecosystems, physical and structural integrity of the sea bottom, and water flow patterns. As the pipelines travel through the estuaries and on land, their transportation routes are heavily damaged. The physical and structural disruption of the environment becomes even greater. Marshlands and wetlands are disrupted and begin to erode and the coastline moves inland. The offshore and coastal areas will be forever damaged and destroyed.

How ‘Free’ Trade Leads To Increased Conflicts & Instability

A policewoman removes a man protesting the Trans-Pacific Partnership as U.S. Trade Representative Michael Froman (right) testifies at a Senate Finance Committee hearing in Washington on Tuesday. | Photo: Reuters  This content was originally published by teleSUR at the following address:  http://www.telesurtv.net/english/opinion/TPP-Trade-Negotiations-At-Critical-Juncture-20150324-0034.html. If you intend to use it, please cite the source and provide a link to the original article. www.teleSURtv.net/english

Let’s get one thing straight to begin with. Trade is good. We do it all the time. Trade has been pretty much part of recorded human history and evidence reveals prehistorical trade routes in many parts of the world. It becomes a little bit trickier when we look at large-scale international trade agreements. The question as to whether foreign trade promotes peace and development or destructive conflict has been debated for a long time. One of the most current controversies on free trade agreements evolves around the Trans Pacific Partnership (TPP). The history of free trade agreements, the secrecy around TPP, and the leaked information of the actual agreement suggest tremendous potential for social conflict if implemented. Described by its promoters as a “next-generation model for addressing both new and traditional trade and investment issues, supporting the creation and retention of jobs and promoting economic development in our countries,” TPP is already facing broad resistance.

Global Capital Has A Lot Riding On The TPP

A policewoman removes a man protesting the Trans-Pacific Partnership as U.S. Trade Representative Michael Froman (right) testifies at a Senate Finance Committee hearing in Washington on Tuesday. | Photo: Reuters  This content was originally published by teleSUR at the following address:  http://www.telesurtv.net/english/opinion/TPP-Trade-Negotiations-At-Critical-Juncture-20150324-0034.html. If you intend to use it, please cite the source and provide a link to the original article. www.teleSURtv.net/english

The TPP-Free Trade USA push goes back even further, however, to at least 2010. That’s when Obama put Jeff Immelt, the CEO of the giant U.S. global corporation, General Electric, in charge of a special Presidential Committee tasked with coming up with recommending future USA trade initiatives. TPP was one of them. But before acting on Immelt’s 2010 recommendations, Obama had to first wrap up the loose ends of the several bilateral free trade agreements still on the table between the USA, South Korea, Colombia, Panama and other countries. Then there was the 2012 presidential elections. Obama and Democrats knew trying to push the TPP through before would risk their re-election chances. So they waited. Then came the November 2014 midterm Congressional elections.

The Oligarch Recovery: $100 Million Homes Being Built

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More developers and investors are racing to build increasingly lavish homes on spec. Built on prime lots with master suites larger than most homes and spas and entertainment spaces comparable with those in hotels, many of these homes are also attempting to break new price records. Real-estate agents say the surge reflects an ultraluxury housing market that is at an all-time high, fed in part by overseas buyers and house hunters looking to invest in trophy properties. “These are people who are going to buy these homes to park money,” says Jeff Hyland, of Beverly Hills-based Hilton & Hyland. Mr. Hadid declines to say what he’s spending on the home, but says the listing price will likely be in the $200 million range when the house is completed next year.