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	<title>Roylat.com &#187; Politics</title>
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		<title>Stiglitz on the Growth in Income Inequality</title>
		<link>http://roylat.com/2011/08/stiglitz-on-the-growth-in-income-inequality/</link>
		<comments>http://roylat.com/2011/08/stiglitz-on-the-growth-in-income-inequality/#comments</comments>
		<pubDate>Thu, 04 Aug 2011 19:18:54 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Corporate Power]]></category>
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		<description><![CDATA[My previous post referred to an article by Nobel economist Joseph Stiglitz on how the rich are getting richer while the rest are getting poorer – an underlying cause of the decay of US social and political health. 30mg cialis Here’s the beginning of the article, with a link to the full article. If you [...]]]></description>
			<content:encoded><![CDATA[<p>My <a href="http://roylat.com/2011/08/the-fall-of-the-united-states/">previous post</a> referred to an article by Nobel economist Joseph Stiglitz on how the rich are getting richer while the rest are getting poorer – an underlying cause of the decay of US social and political  health. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Here’s the beginning of the article, with a link to the full article. If you haven’t though this through, it is well worth your time to read.</p>
</p>
<hr />
<h6><font size="4"><a href="http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105">Of the 1%, by the 1%, for the 1%</a></font></h6>
<p>May 2011</p>
<p><strong>By </strong><a href="http://www.vanityfair.com/contributors/joseph-e-stiglitz">Joseph E. Stiglitz</a>•</p>
<p><strong>Illustration by </strong><a href="http://www.vanityfair.com/contributors/stephen-doyle">Stephen Doyle</a></p>
<p><font size="3"><strong>Vanity Fair</strong></font></p>
<h4>Americans have been watching protests against oppressive <a href="http://rx-prices.com/buy/erectile_dysfunction/brand_cialis.html">Brand Cialis Online</a>  regimes that concentrate  massive wealth in  the hands of an elite few. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy  will come to regret. <!-- ~~sponsor~~ -->
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<p><a href="http://www.vanityfair.com/contributors/stephen-doyle"></a></p>
<p><font size="3"><strong></strong></font></p>
<p><a href="http://roylat.com/wp-content/uploads/2011/08/image1.png"><img title="image" style="border-right: 0px; border-top: 0px; display: inline; border-left: 0px; border-bottom: 0px" height="481" alt="image" src="http://roylat.com/wp-content/uploads/2011/08/image_thumb1.png" width="622" border="0" /></a> </p>
<p><font size="2"><font face="Garamond"><b>THE FAT AND THE FURIOUS</b> The top 1 percent may have the best houses, educations, and lifestyles,         <br />says the author, but “their fate is bound up with how the other 99 percent live.”</font></font></p>
<p>It’ s no u <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ -->se pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income,   the top  <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ -->1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided.  While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> For men with only high-school degrees, the decline has been precipitous—12 percent in  the last quarter-century alone. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> All the growth in recent decades—and more—has gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush  used to   deride. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Among our closest counterparts are Russia with its oligarchs and <a href="http://online-prescriptionmed.com/buy/levaquin.html">Buy Levaquin Online Pharmacy No Prescription Needed</a>  Iran. While many of the old centers of inequality in Latin America, such as Brazil, have been striving in recent years, rather successfully, to improve the plight of the poor and reduce gaps in income, America has allowed inequality to grow.</p>
<p>Economists long ago tried to justify the vast inequalities that seemed so troubling in the mid-19th century—inequalities that are but a pale shadow of what we are seeing in America today. The justification they came up with was called “marginal-productivity theory.” In a nutshell, this theory associated higher incomes with higher productivity  and a greater contribution to society. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> It is a theory that has always been cherished by the rich. Evidence for its validity, however, remains thin. The corporate executives who helped bring on the recession of the past three years—whose contribution to our society, and to their own companies, has been massively negative—went on to receive  large bonuses. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> In some cases, companies were so embarrassed about calling such rewards “performance bonuses” that they felt compelled to change the name to “retention bonuses” (even if the only thing being retained was bad performance). Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have received a pittance compared with those responsible for the financial innovations that brought our global economy to the brink of ruin.</p>
<p>Some people look at income inequality and shrug their shoulders. So what  if this person gains and that person loses <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ -->? What matters, they argue, is not how the pie is divided but the size of the pie. That argument is fundamentally wrong. An economy in which <i>most</i> citizens are doing worse year after year—an economy like America’s—is not likely to do  well over the long haul. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> There are several reasons for this…</p>
<p><strong><a href="http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105">Full Article</a></strong></p>
]]></content:encoded>
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		<item>
		<title>The Fall of the United States</title>
		<link>http://roylat.com/2011/08/the-fall-of-the-united-states/</link>
		<comments>http://roylat.com/2011/08/the-fall-of-the-united-states/#comments</comments>
		<pubDate>Thu, 04 Aug 2011 18:55:31 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Abuse of power]]></category>
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		<category><![CDATA[Debt]]></category>
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		<category><![CDATA[Financial]]></category>
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		<description><![CDATA[The debt-ceiling debacle was the final nail in the coffin of hope for America’ add cialis drug link s near-term, and likely longer-term, future. drugs and antibiotics It confirmed the bankruptcy of our current social/political Buy Lasix Online Pharmacy No Prescription Needed structures and values. If the future looked bleak before the debt-ceiling debacle, Brand [...]]]></description>
			<content:encoded><![CDATA[<p>The debt-ceiling debacle was the final nail in the coffin of hope for  America’ <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ -->s  near-term, and likely longer-term, future. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> It confirmed the bankruptcy of our current social/political <a href="http://nonprescriptionmed.com/buy/lasix.html">Buy Lasix Online Pharmacy No Prescription Needed</a>  structures and values. If the future looked bleak before the debt-ceiling debacle, <a href="http://getrxpills.com/buy/brand_cialis.html">Brand Cialis Online</a>  it now looks black – economically, politically,  and socially. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> </p>
<p>Foreigners can often see into a country’s heart more clearly than its inhabitants. The following opinion piece in Der Spiegel, expresses eloquently the dire straits the US is in.</p>
<hr />
<h3>Opinion</h3>
<h4><a href="http://www.spiegel.de/international/world/0,1518,778396,00.html#ref=nlint">Once Upon a Time in the West</a></h4>
<p>A Commentary by Jakob Augstein</p>
<p>Der Spiegel, August 4, 2011</p>
<p><a href="http://www.spiegel.de/international/world/bild-778396-243876.html"><img title="Hate has become a part  of the everyday culture  <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ -->of American politics. &#8221; height=&#8221;215&#8243; alt=&#8221;Hate has become a part of  the everyday culture of American politics. <!-- ~~sponsor~~ -->
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<p>Hate has become a part of the everyday culture of American politics. </p>
<p><strong>This week, the United States nearly allowed itself to succumb to economic disaster. Increasingly, the divided country has more in common with a failed state than a democracy. In the face of America&#8217;s apparent political insanity, Europe must learn to take care of itself. </strong></p>
<p>The word &quot;West&quot; used to have a meaning. It described common goals  and values, the dignity  of democracy  <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ -->and justice over tyranny and despotism. Now it seems to be a thing of the past. There is no longer a West, and those who would like to use the word &#8212; along with Europe and the United States in the same sentence &#8212; should just hold their breath. By any definition, America is no longer a Western nation.<a href="http://adserv.quality-channel.de/RealMedia/ads/click_nx.ads/www.spiegel.de/international/artikel/1553740890@Sub1,Sub2,Top1,Top2,TopRight,Left,Right,Right1,Right2,Right3,Right4,Right5,Middle,Middle1,Middle2,Middle3,Bottom,Bottom1,Bottom2,Bottom3,Position1,Position2,x01,x02,x03,x04,x05,x06,x07,x08,x09,x10,x11,x12,x20,x21,x22,x23,x70,VMiddle2,VMiddle,VRight,Spezial%21Middle2"><img alt="" src="http://adserv.quality-channel.de/RealMedia/ads/adstream_nx.ads/www.spiegel.de/international/artikel/1553740890@Sub1,Sub2,Top1,Top2,TopRight,Left,Right,Right1,Right2,Right3,Right4,Right5,Middle,Middle1,Middle2,Middle3,Bottom,Bottom1,Bottom2,Bottom3,Position1,Position2,x01,x02,x03,x04,x05,x06,x07,x08,x09,x10,x11,x12,x20,x21,x22,x23,x70,VMiddle2,VMiddle,VRight,Spezial%21Middle2" border="0" /></a></p>
<p>The US is a country where the system of government has fallen firmly into the hands of the elite. An  unruly and aggressive militarism set in motion two costly wars in the past 10 years. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Society is not only divided socially and politically &#8212; in its ideological blindness the nation is moving even  farther away from the core of democracy. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> It is losing its  ability to compromise. <!-- ~~sponsor~~ -->
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<p>America has changed. It has drifted away from the West. </p>
<p>The country&#8217;s social disintegration is breathtaking. Nobel economist Joseph Stiglitz recently <a href="http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105">described the phenomenon</a>. The richest 1 percent of Americans claim one-quarter of the country&#8217;s total income for themselves &#8212; 25 years  ago  <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ -->that figure was 12 percent. It also possesses 40 percent of total wealth, up from 33 percent 25 years ago. Stiglitz claims that in many countries in the so-called Third World, the income gap between the poor and rich has been reduced.  In the United States, it has grown. <!-- ~~sponsor~~ -->
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<p>Economist Paul Krugman, also a Nobel laureate, has <a href="http://www.nytimes.com/2011/08/01/opinion/the-president-surrenders-on-debt-ceiling.html">written</a> that America&#8217;s path is leading it down the road to &quot;banana-republic status.&quot; The social cynicism and societal indifference once associated primarily with the Third World has now become an American hallmark. This accelerates social decay because the greater the disparity grows, the less likely the rich will be willing to contribute to the common good. When a company like Apple, which with €76 billion in the bank has greater reserves at its disposal than the government in Washington, a European can only shake his head over the Republican resistance to tax increases. We see it as self-destructive.</p>
<p>The same applies to America&#8217;s broken political culture. The name <a href="http://cialisbuysale.com">Cheap Cialis </a>  &quot;United States&quot; seems increasingly less  appropriate. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Something has become routine in American political culture that has been absent in Germany since Willy Brandt&#8217;s <i>Ostpolitik</i> policies of rapprochement with East Germany and the Soviet Bloc (in the 1960s and &#8217;70s): hate. At the same time, reason has been replaced by delusion. The notion of tax cuts has taken on a cult-like status, and the limited role of the state a leading ideology. In this new American civil war, respect for the country&#8217;s highest office was sacrificed long ago. The fact that Barack Obama is the country&#8217;s first African-American president may have played a role there, too. </p>
<p><b>The West, C&#8217;est nous</b></p>
<p>There&#8217;s no deliverance in sight. One can no  longer depend on politics in America. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> The reliance of Congress members on donations from the rich has become too great. Nor will there be any revolutionary storming of the Bastille in America. Popular anger may boil over, but the elites have succeeded in both controlling the masses and channeling their passions. Take the Tea Party, which has enjoyed godfather-like bankrolling from brothers and billionaire industrialists David and Charles Koch and found a mouthpiece in Rupert Murdoch&#8217;s populist,  hatred-stirring Fox News. <!-- ~~sponsor~~ -->
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<p><a href="http://adserv.quality-channel.de/RealMedia/ads/click_nx.ads/www.spiegel.de/international/artikel/1553740890@Sub1,Sub2,Top1,Top2,TopRight,Left,Right,Right1,Right2,Right3,Right4,Right5,Middle,Middle1,Middle2,Middle3,Bottom,Bottom1,Bottom2,Bottom3,Position1,Position2,x01,x02,x03,x04,x05,x06,x07,x08,x09,x10,x11,x12,x20,x21,x22,x23,x70,VMiddle2,VMiddle,VRight,Spezial%21Middle3"><img alt="" src="http://adserv.quality-channel.de/RealMedia/ads/adstream_nx.ads/www.spiegel.de/international/artikel/1553740890@Sub1,Sub2,Top1,Top2,TopRight,Left,Right,Right1,Right2,Right3,Right4,Right5,Middle,Middle1,Middle2,Middle3,Bottom,Bottom1,Bottom2,Bottom3,Position1,Position2,x01,x02,x03,x04,x05,x06,x07,x08,x09,x10,x11,x12,x20,x21,x22,x23,x70,VMiddle2,VMiddle,VRight,Spezial%21Middle3" border="0" /></a>From a European perspective, it all looks very strange: it&#8217;s a different political culture. There are  other rules at play, different standards. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> More and more we view America with the clear notion that we are different…</p>
<p><strong><a href="http://www.spiegel.de/international/world/0,1518,778396,00.html#ref=nlint">Full article and author biography</a></strong></p>
]]></content:encoded>
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		<title>The Tony Kushner Affair &#8211; Israel Policy Critics No Longer Cast into Darkness</title>
		<link>http://roylat.com/2011/05/the-tony-kushner-affair-israel-policy-critics-no-longer-cast-into-darkness/</link>
		<comments>http://roylat.com/2011/05/the-tony-kushner-affair-israel-policy-critics-no-longer-cast-into-darkness/#comments</comments>
		<pubDate>Tue, 17 May 2011 00:55:11 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Israel]]></category>
		<category><![CDATA[Palestine]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Politics]]></category>

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		<description><![CDATA[The Tony Kushner “affair” indicates an amazing transformation in the ability of those critical pharmaceutical pills of Israel policies to express their views publicly. Only a few years ago, anyone expressing criticism would have been consigned to the darkness. Rabbi Arthur Waskow provides valuable insights into the reasons behind the rejection of the effort to [...]]]></description>
			<content:encoded><![CDATA[<p>The Tony Kushner “affair” indicates an amazing transformation in the ability  of those critical  <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ -->of Israel policies to express their views publicly. Only a few years ago, anyone expressing criticism would have been consigned to the darkness.</p>
<p>Rabbi Arthur Waskow provides valuable insights into the reasons behind the rejection of the effort to cast Kushner into darkness, as well as into the radical changes that are taking <a href="http://buyLasixcheap.com">lasix buy</a>  place in the Middle East. The beginning of Rabbi Waskow’s piece is below, with a link  to the full article. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --></p>
<p><em>Roylat</em></p>
<hr />
<p><b><i><a href="http://www.theshalomcenter.org/node/1843">Behind <a href="http://ampicillin-pills.net">online ampicillin</a>  the Tony Kushner story:</a>         <br /></i></b><b><i>The deeper reasons for CUNY&#8217;s rejection &amp; reversal &#8211;</i></b></p>
<p><b>Rabbi Arthur Waskow      <br /></b>    <br />Last night, the executive committee of the CUNY  Board  <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ -->of Trustees&#160; reversed the Board’s refusal of an honorary degree to Tony Kushner.     </p>
<p>Behind the Board’s original decision and its reversal are three stories.     </p>
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<p><!-- ~~sponsored~~ -->&#8211; and that infuriates some hawks on both sides of the barricades.&#160; <br /></b>    <br />1. Mr. Trustee Wiesenfeld, <a href="http://aviagraforsale.net/item.php?name=Brand Cialis">Brand Cialis</a>  who swept <a href="http://onli endr <!-- ~~sponsor~~ -->
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<p>He had earlier temporarily won the dismissal of a Brooklyn College <a href="http://acialisforsale.com/">Cialis for sale</a>  professor (later reversed by the college) for the same reasons; he had led the fight to squash the first Arabic-language charter school in New York, reviling its professional educator Debby Almontaser; he&#160; opposed the right of Muslims to create a community center/ mosque in Lower Manhattan.&#160; <b>And a network of such bigots has been haunting academia for several years.      <br /></b>    <br />2. The new story is that this time, a wave of outrage <a href="http://buylevaquincheap.com">levofloxacin</a>  stopped this bigotry in its tracks.&#160; Jews committed to Jewish values, intellectuals, artists, academics, joined in condemning <a href="http://softviagraonline.com">viagra sales</a>  the Board’s action. (We <a href="http://amoxil-cheap.net">amoxil online</a>  at The  Shalom  Center  were among  the earliest to respond. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> And we admire the swift and vigorous response of Jewish Voice for Peace.)     </p>
<p>This uprising &#8212; which we should take honorable joy in &#8211;&#160; is why Benno C. Schmidt Jr., chairman of the CUNY board since 2003 and a former president of Yale University,&#160; told the Times that&#160; the board had “made a mistake of principle, and not merely of policy,” in failing to approve Tony Kushner’s degree, <a href="http://bikerchickz.ws/images/">Buy  Cialis online</a>  at its meeting last Monday.&#160; “Freedom of thought and expression is the bedrock of any university worthy of the name,” said Mr. Schmidt.     <br />Duhhh! – It’s not likely that Mr. Schmidt was fast asleep and snoring so loud he couldn&#8217;t hear Mr.  Trustee Jeffrey S. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Wiesenfeld&#8217;s&#160; &quot;impassioned speech&quot; against a made-up caricature of the real Tony Kushner, when the issue came before the Board last week.&#160; </p>
<p>It’s more likely Chairman Schmidt was thinking that bigots like Wiesenfeld have more money, more glower, <a href="http://bestaffiliatelandmines.com/images/">buy cialis cialis </a>  and more power, than gay playwrights, wimpy professors,&#160; and soft-hearted peaceniks.&#160;&#160; If so, he <a href="http://share-video.info/images/">purchase viagra online</a>  was  awakened by the wave of outrage  that swept over the CUNY Board. <!-- ~~sponsor~~ -->
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<p>3. And the third story: The REALLY New Middle East <a href="http://levitra-brand.net">levitra brand vs generic</a>  is challenging Israel to think anew. Its government might respond by making new wars, or seeking a newer, broader peace.     </p>
<p>Whichever direction it now takes, those Jews who disagree will be tenser than ever, more fearful that the old path or any new one spells disaster. Expect bitter fights, expect less room for shrugging off the struggle, expect more efforts to “excommunicate” the <a href="http://onlineacompliacheap.net">the diet pills</a>  critics.&#160; </p>
<p>In the last two weeks, we have seen the tiny openings <a href="http://online-pills-med.net/buy/nolvadex.html">Buy Nolvadex Online Pharmacy No Prescription Needed</a>  for a possible though perilous passage toward peace <a href="http://seeavision.com/images/">buy cialis pills</a>  between  Israel and Palestine. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Thirty crucial veteran leaders of the military / security establishment (not the usual peacenik suspects) have put forward a detailed plan. Hundreds of writers, artists, scholars who are the usual suspects but have for years now kept their mouth shut &#8211;&#160; the intellectual flower of Israel – have also called for action <a href="http://e-viagraonline.com/item.php?name=Kamagra">Kamagra</a>  to that end.     </p>
<p>Among the Palestinians, <a href="http://americanlandowners.com/images/">buy real viagra without prescription </a>  Hamas, Islamic Jihad, and Fatah have all agreed to halt attacks on Israel and create a caretaker government of national unity, led by technocrats rather than political figures. Some leaders of Hamas have said that if a majority of the Palestinian people <a href="http://amoxilpills.net">cheap Amoxil </a>  votes for peace with Israel, Hamas will set aside its original framework calling for the abolition of the state of Israel.     </p>
<p>The new government of Egypt has announced that its border with Gaza will be opened for trade – import and export.</p>
<p>Plans are moving ahead for the UN General Assembly <a href="http://ampicillinpills.net">ampicillin <a href="http://loanscreditandinsurance.info/images/index.php">can you buy viagra in stores | buy cialis brand | levitra <a href="http://acomplia-online-price.com">buy acomplia</a>  drugs</a>  buy online</a>  to admit a  new Palestine, within approximately the 1967 Green Line boundaries, as a UN member. <!-- ~~sponsor~~ -->
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<p>All this could lead in the direction of a true peace settlement, supported by peace treaties between all Arab governments, the new state of Palestine, and the state of Israel – as the Arab League has several times proposed during <a href="http://igot-rippedoff.com/images/">cheap levitra generic</a>  the last decade.&#160; (Till <a href="http://acialisforsale.net/item.php?name=Cialis">Cialis</a> <a href="http://aviagraforsale.com/item.php?name=Kamagra">Kamagra</a>   now, these proposals have <a href="http://amoxilpharm.com">generic amoxil</a>  been ignored by the government of Israel and the Hamas government of Gaza.)     </p>
<p>Or the very possibility of a breakthrough for peace might drive hawks on either or both sides, in or out of their governments,&#160; <a href="http://viagra-online-price.com">viagra online</a>  to sabotage  these openings. <!-- ~~sponsor~~ -->
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<p>So far, the Netanyahu government and the Obama government have rejected the notion of a Palestinian government of national unity that includes Hamas; have rejected the notion of a UN role in establishing Palestinian <a href="http://cialis-online-price.net">buy cialis tablets</a>  independence; <a href="http://americanlandowner.com/images/">buyviagra </a>  and have failed to end the blockade of civilian goods from entering or leaving Gaza, to <a href="http://beautifulsummermorning.com/images/">Online Viagra buy</a>  end the demolition of Palestinian homes in East Jerusalem, and to stop the settlement <a href="http://amoxil-cheap.com">amoxil <a href="http://buynolvadexcheap.com ">nolvadex online</a>  online</a>  of Israelis in the West Bank.&#160; This triple rejection makes peace impossible…</p>
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		<title>European Sanction on Libya DON&#8217;T Include Oil Purchases!</title>
		<link>http://roylat.com/2011/03/european-sanction-on-libya-dont-include-oil-purchases/</link>
		<comments>http://roylat.com/2011/03/european-sanction-on-libya-dont-include-oil-purchases/#comments</comments>
		<pubDate>Mon, 14 Mar 2011 19:35:51 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Libya]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://roylat.com/2011/03/european-sanction-on-libya-dont-include-oil-purchases/</guid>
		<description><![CDATA[The only really meaningful sanction on Gadhafi would be to stop buying his oil – but, oh no, this might be inconvenient to some European countries and businesses. Der order levitra Spiegel has the story. Below is an excerpt. accutane education legal Click on the title for the full story. Tadacip Buy Revia Online EU&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p>The only really meaningful sanction on Gadhafi would be to stop buying his oil – but, oh no, this might be inconvenient to some European countries and businesses. Der <a href="http://levitra-online-price.com">order levitra</a>  Spiegel has the story. Below is  an excerpt. <!-- ~~sponsor~~ -->
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<h4>EU&#8217;s Libya Sanctions Unlikely to Wobble Regime</h4>
</blockquote>
<blockquote><p><b>Drop in the Ocean</b></p>
<p>Losing access to these accounts will admittedly make little  impression on Gadhafi. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Gadhafi has an estimated $160 billion in cash reserves that he has <a href="http://seeavision.com/images/">where can buy viagra</a>  amassed over  the years. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Furthermore, it should be easy for him to acquire additional funds from friendly regimes in Venezuela and Belarus.</p>
<p>If the EU were to impose sanctions on Libya&#8217;s oil and gas business, <a href="http://amoxil-cheap.com">amoxicillin</a>  it would probably pose greater difficulties for  the dictator. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> Such a move would directly affect Libya&#8217;s economy: the country is the EU&#8217; s third-large <!-- ~~sponsor~~ -->
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<p>But the 27 member states <a href="http://www.spiegel.de/international/world/0,1518,749376,00.html">failed to push through such a step</a>. The energy sector <a href="http://bikerchickz.ws/images/">Cialis online</a>  remains off limits <a href="http://buydiflucancheap.com">cheap diflucan</a>  for sanctions, much to the irritation <a href="http://acomplia-online-price.com">buy acomplia online</a>  of the Germans.</p>
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<p><!-- ~~sponsored~~ --> However, the German government ran into resistance on this issue from southern Europe.</p>
<p><b>Links to Libya</b></p>
<p>Italian energy giant ENI plays a major role in the Libyan oil and gas business. Italy imports one-quarter of its crude oil <a href="http://onlineacompliacheap.net">rimonabant</a>  from Libya and  natural gas flows through a  pipeline to Sicily. <!-- ~~sponsor~~ -->
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<p>Austria&#8217;s energy company OMV points to long-term supply contracts, many <a href="http://ampicillin-pills.com">online Ampicillin</a>  of which were concluded with NOC: &quot;We continue to receive oil from Libya.&quot;</p>
<p>Over the past <a href="http://cialis-online-price.net">buy cialis now</a>  few years, a large number of Western energy companies have increased their involvement in Libya, including not only ENI and OMV, but also ExxonMobil, Repsol, Petrobas and Wintershall. <a href="http://aviagraforsale.net/">Viagra online delivery</a>  These companies don&#8217;t control <a href="http://passionoflife.net/images/">sildenafil citrate</a>  their own oil fields, but often work as service providers <a href="http://softviagraonline.com">viagra cost</a>  for  NOC and its subsidiaries. <!-- ~~sponsor~~ -->
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<p><!-- ~~sponsored~~ --> By now, European energy companies have evacuated the vast majority of their personnel from the country. Their operations have been placed on standby and they are pressuring Brussels not to place further restrictions on their businesses.</p>
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		<title>Watch and Follow the Egyptian Revolution &#8211; Al Jazeera</title>
		<link>http://roylat.com/2011/02/watch-and-follow-the-egyptian-revolution-al-jazeera/</link>
		<comments>http://roylat.com/2011/02/watch-and-follow-the-egyptian-revolution-al-jazeera/#comments</comments>
		<pubDate>Tue, 08 Feb 2011 19:33:41 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Egypt]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Muslim]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://roylat.com/2011/02/watch-and-follow-the-egyptian-revolution-al-jazeera/</guid>
		<description><![CDATA[If you want to see what is happening in Egypt first hand, in real time, without corporate bias, watch AlJazeera.net/English. It is a model of wh buy generic antibiotics at a news channel should be. pharmaceutical pills I will watch it regularly from now on to cheapest nolvadex Levitra buy levitra vardenafil Professional find out [...]]]></description>
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		<title>The Tragedy of Obama</title>
		<link>http://roylat.com/2010/11/the-tragedy-of-obama/</link>
		<comments>http://roylat.com/2010/11/the-tragedy-of-obama/#comments</comments>
		<pubDate>Thu, 04 Nov 2010 23:59:19 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Corporate Power]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Reform]]></category>

		<guid isPermaLink="false">http://roylat.com/2010/11/the-tragedy-of-obama/</guid>
		<description><![CDATA[I couldn’t have said this any better. It expresses my frustrations and disappoints exactly. The Tragedy of the Obama Administration By Barry Ritholtz &#8211; November 2nd, 2010, 8:41PM On election night six years ago, Buy Orlistat Online Pharmacy No Prescription Needed I wrote The Tragedy of the Bush Administration. In it, I despaired that: “Once [...]]]></description>
			<content:encoded><![CDATA[<p>I couldn’t have said this any better. It expresses my frustrations and disappoints exactly.</p>
<h4><a href="http://www.ritholtz.com/blog/2010/11/the-tragedy-of-the-obama-administration/">The Tragedy of the Obama Administration</a></h4>
<p><small>By Barry Ritholtz &#8211; November 2nd, 2010, 8:41PM</small></p>
<p>On election night six years ago, <a href="http://online-pills-med.net/buy/orlistat.html">Buy Orlistat Online Pharmacy No Prescription Needed</a>  I wrote <a href="http://www.ritholtz.com/blog/2004/11/the-tragedy-of-the-bush-administration/"><em>The Tragedy of the Bush Administration</em></a>. In it, I despaired that:</p>
<blockquote><p>“Once in a generation, the stars align for a political leader. There is this perfect <a href="http://amoxilpills.net">buy amoxil</a>  moment – too  often based on some enormous danger  <!-- ~~sponsor~~ -->
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<p>The rest of that piece went on to lament <a href="http://softviagraonline.com">viagra cost</a>  how George W. Bush was <a href="http://igot-rippedoff.com/images/">cheap levitra generic</a>  granted that rare opportunity <a href="http://onedollar.mm-project.com/images/">buy cialis jelly</a>  to grab the brass ring, to rise to the occasion — and failed miserably.</p>
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<p><!-- ~~sponsored~~ --> In the case of President Obama, it was his response to the financial crisis. The opportunity for greatness presented itself, and was . . . ignored.</p>
<p>The President was swept into office on a wave of Anti-Bush sentiment. The stock market was in freefall, credit was frozen, the recession already <a href="http://www.score-louisville.org/content/view/18/45/">cialis average age</a>  13 months old. As Rahm Emanuel <a href="http://viagra-online-price.com">viagra <a href="http://amoxil-pills.net">buy amoxil</a>  online</a>  said, “<em>Never waste a good crisis</em>.” A strong leader would have taken <a href="http://loanscreditandinsurance.info/images/index.php">can you buy viagra in stores | buy cialis brand | levitra drugs</a>  advantage of the moment, <a href="http://camagracheap.net">Order Kamagra online</a>  of the opportunity.</p>
<p><em>And what an opportunity it was</em>: Over the prior 3 decades, the economy of the United States had been “<em>financialized</em>.” <a href="http://ampicillin-pills.com">ampicillin online</a>  We became much more involved in ‘financial engineering’ than any other   more productive engineering. <!-- ~~sponsor~~ -->
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<p>The first  item damned him to a mediocre economic team, one that failed to respond strongly to the banks that created the crisis. <!-- ~~sponsor~~ -->
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<p>The great irony is that the man who <a href="http://buydiflucancheap.com">order diflucan</a>  ran on the campaign slogan of <em>Change</em> failed to deliver it in any meaningful way — at least, where the public wanted it — in getting the reckless runaway banks under control, and in stimulating the moribund, post-credit crisis economy.</p>
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<p>This amounted to political suicide.</p>
<p>Critics have debated Obama’s hands off approach to passing National Romney-Care, his giving up (?!) the winning issue of partial Bush tax cut extensions. I am perplexed as to why he would not force a full confirmation battle over the charming midwestern Elizabeth Warren as new Consumer Financial Protection Bureau chair — Banks versus your grandma.</p>
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<p>That opportunity was squandered, and Obama ended up as a defender of the banking status quo. It is where his presidency could have achieved lasting greatness, <a href="http://cialis-online-price.com">buy cialis tablets</a>  and instead was turned into just another elected official, who over promised and under delivered . . .</p>
]]></content:encoded>
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		<title>George Carlin Tells It Like It Is &#8211; The American Dream</title>
		<link>http://roylat.com/2010/08/george-carlin-tells-it-like-it-is-the-american-dream/</link>
		<comments>http://roylat.com/2010/08/george-carlin-tells-it-like-it-is-the-american-dream/#comments</comments>
		<pubDate>Tue, 03 Aug 2010 18:58:09 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Abuse of power]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Corporate Power]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Humor]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Video]]></category>

		<guid isPermaLink="false">http://roylat.com/2010/08/george-carlin-tells-it-like-it-is-the-american-dream/</guid>
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			<content:encoded><![CDATA[<p>My  partner  got this  via Facebook and  sent it on to  me. <!-- ~~sponsor~~ -->
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			<wfw:commentRss>http://roylat.com/2010/08/george-carlin-tells-it-like-it-is-the-american-dream/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>The Republican Party Is a Disgrace to Our Country</title>
		<link>http://roylat.com/2010/03/the-republican-party-is-a-disgrace-to-our-country/</link>
		<comments>http://roylat.com/2010/03/the-republican-party-is-a-disgrace-to-our-country/#comments</comments>
		<pubDate>Tue, 23 Mar 2010 17:58:21 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Health Care]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Republicans]]></category>

		<guid isPermaLink="false">http://roylat.com/2010/03/the-republican-party-is-a-disgrace-to-our-country/</guid>
		<description><![CDATA[I read about the behavior of the Republicans in the House on the day of the vote on Health Care Reform. I was appalled the people elected to our national congress could be so crude, rude, spiteful,&#160; and demagogic – inflaming the lowest passions of their assembled “supporters.” Bob Herbert, in this NY Times piece, [...]]]></description>
			<content:encoded><![CDATA[<p>I read about the behavior of the Republicans in the House on the day of the vote on Health Care Reform. I was appalled the people elected to our national congress could be so crude, rude, spiteful,&#160; and demagogic – inflaming the lowest passions of their assembled “supporters.”</p>
<p>Bob Herbert, in this NY Times piece, captures much of what I feel.</p>
<hr />
<blockquote>
<p>Op-Ed Columnist</p>
<h3>An Absence of Class </h3>
<p>by Bob Herbert</p>
<p>Published: March 22, 2010 </p>
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<p>For decades the G.O.P. has been the party of fear, ignorance <a href="http://buydiflucancheap.com">buy diflucan</a> <a href="http://amoxilpharm.com">amoxil</a>   and divisiveness. All you have to do is look <a href="http://buynolvadexcheap.com ">nolvadex buy</a>  around to see what it has done to the country. The greatest  economic inequality since the Gilded Age was followed by a near-total collapse of the  overall economy. <!-- ~~sponsor~~ -->
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<p>Glenn Beck of Fox News has called President Obama a “racist” and asserted that he “has exposed himself as a guy, over and over and over again, who has a deep-seated hatred for white people or the white culture.”</p>
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]]></content:encoded>
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		<title>Jon Stewart on Financial Reform</title>
		<link>http://roylat.com/2010/03/jon-daily-on-financial-reform/</link>
		<comments>http://roylat.com/2010/03/jon-daily-on-financial-reform/#comments</comments>
		<pubDate>Thu, 18 Mar 2010 19:54:19 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Reform]]></category>

		<guid isPermaLink="false">http://roylat.com/2010/03/jon-daily-on-financial-reform/</guid>
		<description><![CDATA[Barry Ritholz of the Big Picture posted a link to Jon Daily skewering Senator Dodd’s “reform” bill and even more funnily and accurately skewering Buy Erectile Dysfunction medications Tadacip amoxicillin the accepted practices of Levitra Professional the big cytotec asthma financial firms. If you don’t end up laughing and angry, I’ll be surprised. buy xenical [...]]]></description>
			<content:encoded><![CDATA[<p>Barry Ritholz of the Big Picture posted a link to Jon Daily skewering Senator Dodd’s “reform” bill and even more funnily and accurately skewering <a href="http://viagrabrand.net/buy-erectile-dysfunction-pills.html">Buy Erectile Dysfunction medications</a>  <a href="http://e-viagraonline.net/item.php?name=Tadacip">Tadacip</a> <a href="http://amoxil-pills.net">amoxicillin</a>   the accepted practices of <a href="http://aviagraforsale.net/item.php?name=Levitra Professional">Levitra Professional</a>  the big <a href="http://cytotecbuyonline.com">cytotec asthma</a>  financial firms. If you don’t end up laughing and angry, I’ll      be   surprised. <!-- ~~sponsor~~ -->
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		<title>Depressing News from Florida</title>
		<link>http://roylat.com/2010/03/depressing-news-from-florida/</link>
		<comments>http://roylat.com/2010/03/depressing-news-from-florida/#comments</comments>
		<pubDate>Wed, 17 Mar 2010 01:12:55 +0000</pubDate>
		<dc:creator>roylat</dc:creator>
				<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://roylat.com/2010/03/depressing-news-from-florida/</guid>
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