February 2012, Week 3


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Sat, 18 Feb 2012 15:25:22 -0500
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REWIND - A Week of Quotes & Cartoons


Quote of the Day
February 12, 2012

'As is usual in Greek protests, only a small fraction
of the crowd fought the police. Others held up banners
saying "Popular uprising!," "It's us or them!" and
"Don't gamble away all we have achieved".'

February 12, 2012

Toon of the Day
Religious Exemptions
Brian McFadden - New York Times


Quote of the Day
February 13, 2012

'The trauma we're experiencing right now resembles the
trauma we experienced 80 years ago, during the Great
Depression, and it has been brought on by an analogous
set of circumstances. Then, as now, we faced a
breakdown of the banking system. But then, as now, the
breakdown of the banking system was in part a
consequence of deeper problems. Even if we correctly
respond to the trauma-the failures of the financial
sector-it will take a decade or more to achieve full
recovery. Under the best of conditions, we will endure
a Long Slump. If we respond incorrectly, as we have
been, the Long Slump will last even longer, and the
parallel with the Depression will take on a tragic new

Economist Joseph Stiglitz
Vanity Fair
January 1012

Toon of the Day
Blood From Stone
Martin Turner - The Irish Times


Quote of the Day
February 14, 2012

'Unlike Republicans, Mr. Obama would trim only slightly
from growth in Medicare and Medicaid. His proposed $8
billion investment in community colleges is sound.
Still, it suggests that a lack of skills is at the
heart of the jobs crisis. The big problems right now
are a lack of jobs and a lack of demand.

'If Congress were not dysfunctional - if it cared more
about economic stabilization than scoring political
points - it would sign on to a budget like this. As it
is, the proposal will go nowhere, largely because of
the Republican refusal to raise taxes on the wealthy
and to spend money on vital programs. Senate Democrats,
who don't want to make hard political choices, also
share the blame. They have already said that they do
not intend to pass the president's or their own budget,
deferring their responsibility for a third year. At a
time when honest economic planning needs all the
support it can get, that's a serious mistake.'

New York Times
February 14, 2012

Toon of the Day
Tom Toles - Washington Post


Quote of the Day
February 15, 2012

'There are some people in Greece and abroad that are
playing with fire. Some have matches, others have
torches. But the risk is equally great.'

Greek Finance Minister
Evangelos Venizelos amid
suggestions that further
austerity measures are
being demanded,including
pension cuts

New York Times
February 15, 2012

Toon of the Day
Mike Luckovich


Quote of the Day
February 16, 2012

'Merkel's personal backing for Sarkozy is not the only
reason why victory for the left in France could unhinge
Franco-German relations. When Hollande unveiled his
party manifesto last week, he presented an economic
vision which would see France clash head-on with the
current ideology in the rest of Europe. Germany has
been urging other eurozone governments to slash
spending and reduce budget deficits as the
unquestionable solution to the financial crisis:
austerity is the order of the day.

'Hollande*, meanwhile, has pledged to boost state
spending by 20 billion euros by 2017, create 60,000
teaching jobs, and 150,000 subsidized posts for young
people. These policies would be financed by higher
taxes for the rich, higher taxes for banks, caps on
bonuses and a tax on financial transactions. Hollande
claims that this is the way to bring France's budget
deficit back on target, and to win back the coveted AAA
credit rating that was recently downgraded a notch by
Standard & Poor's, to the horror of many in France.'

Joanna Impey
Deutsche Welle (Germany)
February 15, 2012

* Francois Hollande, the Socialist candidate for the
French presidency

Toon of the Day
Horse Race
Stuart Carlson


Quote of the Day
February 17, 2012

'The idealism of the revolts in Egypt and Tunisia,
where the power of the street revealed the frailty of
authority, revived an Arab world anticipating change.
But Libya's unfinished revolution, as inspiring as it
is unsettling, illustrates how perilous that change has
become as it unfolds in this phase of the Arab Spring.

'Though the rebels' flag has gone up in Tripoli, their
leadership is fractured and opaque; the intentions and
influence of Islamists in their ranks are uncertain;
Col. Muammar el-Qaddafi remains at large in a flight
reminiscent of Saddam Hussein's; and foreigners have
been involved in the fight in the kind of intervention
that has long been toxic to the Arab world. Not to
mention, of course, that a lot of young men have a lot
of guns.'

Front-page article last year
by reporter Anothny Shadid
(43) who died Thursday of
natural causes while on
assignment in Syria,
reporting from Tunisia.

New York Times
February 17, 2012

Toon of the Day
On Tracks
Bennett - Chattanooga Free Press


Quote of the Day
February 18, 2012

'The temper has changed. And people on the streets did
it. Occupy Wall Street changed the national
conversation - the Tea Party had set it for a while.
The first three years of Obama were under them.

'Previous to Occupy Wall Street, there was no push back
at all saying this was outrageous - a basic theft that
struck at the heart of what America was about, a
complete disregard for the American sense of history
and community . In Easy Money the guy is going out to
kill and rob, just like the robbery spree that has
occurred at the top of the pyramid - he's imitating the
guys on Wall Street. An enormous fault line cracked the
American system right open whose repercussion we are
only starting to be feel.'

Bruce Springsteen: 'What was done
to my country was un-American'
Fiachra Gibbons interview
Guardian (UK)
February 17, 2012

Toon of the Day
Stage II
David Horsey - LA Times


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