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PORTSIDE  October 2011, Week 5

PORTSIDE October 2011, Week 5

Subject:

REWIND - A Week of Quotes & Cartoons

From:

Portside Moderator <[log in to unmask]>

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Date:

Sat, 29 Oct 2011 15:39:03 -0400

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text/plain (221 lines)

REWIND - A Week of Quotes & Cartoons

SUNDAY

Quote of the Day
October 23, 2011

'The mass rallies and 48-hour general strike that
paralysed Greece last week were a sign of how far
Greeks feel the reforms insisted upon by the Troika -
the IMF, European Central Bank and European Commission
- are a recipe for a permanent collapse in living
standards. The marches were bigger than before and
socially more diverse. Smartly dressed women working
for new technology companies and retired bank officials
mixed uneasily with garbage and dock workers, but all
had a similar complaint: their incomes are being cut
past the point where they can make ends meet.'

Patrick Cockburn
Independent (UK)
October 23, 2011
http://tinyurl.com/6xgvjfo

Toon of the Day
http://tinyurl.com/3lljtxz
Stink Eye
Mike Luckovich

MONDAY

Quote of the Day
October 24, 2011

'Politicians in either party, of course, never use the
term "class warfare" to describe what's going on in
America, unless it's Republican leaders accusing Obama
of waging it every time he even mildly asserts timeless
liberal bromides about taxing the rich. Nor do most
politicians want to talk about the depth of the crisis
in present-day capitalism, since to acknowledge its
scale would only dramatize how little they intend to do
about it.'

Columnist Frank Rich
'The Class War Has Begun'
New York Magazine
October 24, 2011
http://tinyurl.com/6xclx8w

Toon of the Day
http://tinyurl.com/4xjyyj3
Wrong Picture
Jim Morin - Miami -Herald

TUESDAY

Quote of the Day
October 25, 2011

'The poor population in America's suburbs - long a
symbol of a stable and prosperous American middle class
- rose by more than half after 2000, forcing suburban
communities across the country to re-evaluate their
identities and how they serve their populations.

'The increase in the suburbs was 53 percent, compared
with 26 percent in cities. The recession accelerated
the pace: two-thirds of the new suburban poor were
added from 2007 to 2010.

'"The growth has been stunning," said Elizabeth
Kneebone, a senior researcher at the Brookings
Institution, who conducted the analysis of census data.
"For the first time, more than half of the metropolitan
poor live in suburban areas".'

New York Times
October 24, 2011
http://tinyurl.com/3njb5sm

Toon of the Day
http://tinyurl.com/42eozzv
Angry Protesters
Signe Wilkinson

WEDNESDAY

Quote of the Day
October 26, 2011

'Almost half of the public thinks the sentiment at the
root of the Occupy movement generally reflects the
views of most Americans.'

New York Times
October 26, 2011
http://tinyurl.com/3v5wc3p

Toon of the Day
http://tinyurl.com/3ct6zkn
Abandon Main Street
Mike Luckovich

THURSDAY

Quote of the Day
October 27, 2011

'... it seems unlikely that Berlusconi will be able to
institute his reform proposals without a fight. The
country's largest trade union, the CGIL, said on
Thursday that it would fight proposals to raise the
retirement age and make it easier for companies to hire
and fire. "We're ready to propose unified action," CGIL
head Susanna Camusso told the daily La Repubblica in an
interview. Media commentators also expressed doubt --
with a La Repubblica editorial calling Berlusconi's
proposals a "book of dreams" -- given the acrimonious
political atmosphere in Rome.'

Spiegel (Germany)
on Italian Prime Minister Silvio Berlusconi
October 27, 2011
http://tinyurl.com/3tkpddo

Toon of the Day
http://tinyurl.com/3nh6284
Dilemma
Matt bors

FRIDAY


Quote of the Day
October 28, 2011

'Above all, euro 1 trillion simply won't cut it, because
not even euro 2 trillion would be enough. The crisis now
has a life of its own and has eaten its way into the heart
of the euro zone. A real inability of Europe's debt-laden
countries to pay back the money they owe would mean
mass panic among financial investors. Meanwhile, Italy
and even France are seen as potential candidates for
insolvency, which is absurd. The countries possess
two of the world's strongest economies."

'The euro crisis will only be over when the euro has
become a normal currency like the yen, the dollar or
the pound. This includes a European Central Bank able
to buy up government bonds, much like the Bank of
England routinely does."

'Such a solution remains distant, however. Chancellor
Merkel continues to rely on state-level solutions like
the so-called 'debt brake.' Each country is to tighten
its purse strings in order to calm the financial
markets. No one even talks about the alternative: that
rich people could pay more taxes. The prescribed cuts
will deepen the recession, which in turn produces
deficits and sends investors into a whole new cycle of
panic. The decisions from Brussels weren't harmless --
they will exacerbate the crisis rather than solve it.'

The left-leaning daily
Die Tageszeitung (Germany)
October 28, 2011
http://tinyurl.com/3q9q28l

Toon of the Day
http://tinyurl.com/3we8asx
Thanks
Jeff Danziger

SATURDAY

Quote of the Day
October 29, 2011

'These `supercommittee' Democrats have put all their
concessions on the table up front in the vain hope that
the Republicans might reciprocate, But it doesn't work
that way. In this political climate, concessions beget
more concessions - not a workable compromise.

'...We call on politicians of both parties to stand
firm and demand that Wall Street and the wealthy
finally pay their fair share - given the extraordinary
increases in corporate profits and income inequality in
recent years. This is the moment we need to raise our
voices to let Congress know that we will not stand for
dismantling the safety net or letting Wall Street and
the wealthiest Americans off the hook,'

AFL-CIO President Richard Trumka
The Hill
October 28, 2011
http://tinyurl.com/3ps8y7n

Toon of the Day
http://tinyurl.com/42t3qdz
Flat Tax
Ed Stein

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