Spain’s ‘Indignants’ mark protest anniversary in their tens of thousands
Tens of thousands of protesters have gathered in Spanish cities to mark the first anniversary of the “Indignants” protest movement.
Pictured above: Protesters fill the streets; Youth unemployment in Spain stands at 50%, the highest of the 17 countries in the Eurozone [Via/More].
In central Madrid, protesters are still occupying Puerta del Sol square despite a midnight deadline to disperse.
The movement was formed out of anger at the impact of Spain’s deepest economic crisis in decades.
Unemployment hit a record high in April and the government has recently announced fresh austerity measures.
The turnout in Madrid was huge and would certainly have met organisers’ expectations, says Guy Hedgecoe, reporting for the BBC from Madrid.
Spanish authorities had said they wanted the protesters to disperse by midnight local time (22:00 GMT) but many thousands have defied the time limit.
“Today’s goal is to recover the public spaces,” protester Sofia Ruiz told Reuters.
“It is also a way to celebrate that we have been existing for one year and that we are going to be there until the system changes or we are listened to and they take into account our claims,” she added.
Last year the Indignants established a protest camp in Puerta del Sol, but the authorities have said they will prevent any protesters from staying overnight in the square.
There are some 2,000 riot police on duty but they have so far made no move to disperse the protesters.
At least 45,000 people also took to the streets in Barcelona, police said, although organisers put the attendance in the hundreds of thousands.
One protester there, Jose Helmandez, told the BBC he was a genetics and molecular biology doctor but had been unable to find a job in his field.
“A lot of people are leaving the country to find work, even if they end up not doing something they are qualified to do,” he said.
“I was living in France but returned to Spain almost two years ago, and all I can find are short-term jobs.” …
Read More: BBC News
Viva Indignados!
Viva la revolucion Espanol!
Of course, all of us should be honored to be listed on the TIME 100 alongside the two men who will be slugging it out in the fall: President Obama, and the man who would defeat him, David Koch.
Give it up everybody. David Koch.
Little known fact — David, nice to see you again, sir.
Little known fact, David’s brother Charles Koch is actually even more influential. Charles pledged $40 million to defeat President Obama, David only $20 million. That’s kind of cheap, Dave.
Sure, he’s all for buying the elections, but when the bill for democracy comes up, Dave’s always in the men’s room. I’m sorry, I must have left Wisconsin in my other coat.
I was particularly excited to meet David Koch earlier tonight because I have a Super PAC, Colbert Super PAC, and I am — thank you, thank you — and I am happy to announce Mr. Koch has pledged $5 million to my Super PAC. And the great thing is, thanks to federal election law, there’s no way for you to ever know whether that’s a joke.
By the way, if David Koch likes his waiter tonight, he will be your next congressman.
Colbert went totally Colbert on his fellow TIME 100 honorees the other night. Read the full speech here. You’ll be glad you did.
Jon Stewart / Stephen Colbert - still the most insightful mainstream political analysis on basic cable.
Bitter the jest when satire comes too near truth and leaves a sharp sting behind it” - Tacitus.
(Mother Jones) —By Paul Abowd | Wed Feb. 15, 2012 3:00 AM PST
“We haven’t seen anything this severe anywhere else in the country,” says Charles Monaco, a spokesman for the Progressive States Network, a New York-based advocacy group. “There’s been nothing in other states where a budget measure overturns the democratic vote.” Williams says emergency managers are able to enact draconian policies that would cost most city officials their jobs: “They couldn’t get elected if they tried.”
…
With an indefinite term and a city salary of $150,000, Schimmel doesn’t answer to anyone but the governor, at whose pleasure he serves. The city council can no longer make decisions but still calls meetings, which are routinely packed with angry residents. Asked by radio station WJR if the emergency-manager law hands power over to a “dictator,” Schimmel sighed, “I guess I’m the tyrant in Pontiac, then, if that’s the way it is.”
…
Pontiac is not Schimmel’s first clean-up job. In 2000, he was named the emergency manager of Hamtramck, where he served for six years. In 1986, a judge appointed him to oversee Ecorse’s finances after the city landed in state receivership; he stepped in and privatized city services. Today, the city is back in debt, and back under state management. Schimmel concedes that the privatization strategy can backfire, but he blames inept local government. “If you don’t have an overseer of the contractor, privatization can be much more expensive than in-house services,” he explains.
- $2 billion of DoD’s Iraq War spending unaccounted for (oops) source
» Audit time! With the Iraq War’s chapter effectively closed, now’s apparently a good time to look back at all the money we spent there. There’s a problem, however: Of the $3 billion the Iraqi government set aside for the Department of Defense to use for reconstruction between 2004 and 2007, approximately two-thirds of that is unaccounted for. Worse, auditors can’t even find most of the documents: ”From July 2004 through December 2007, DoD should have provided 42 monthly reports,” an audit says. “However, it can locate only the first four reports.” Ever lose track of like $2 billion bucks? It’s fun, right?
India Factory Workers Revolt, Kill Company President
Forbes, 1/27/2012 @ 3:08PM
Workers at the Regency Ceramics factory in India raided the home of their boss, and beat him senseless with led pipes after a wage dispute turned ugly.
The workers were enraged enough to kill Regency’s president K. C. Chandrashekhar after their union leader, M. Murali Mohan, was killed by baton-wielding riot police on Thursday. The labor violence occurred in Yanam, a small city in Andra Pradesh state on India’s east coast. Police were called to the factory by management to quell a labor dispute. The workers had been calling for higher pay and reinstatement of previously laid off workers since October. Murali was fired a few hours after the police left the factory.
The next morning, at 06:00 on Friday, Murali went to the factory along with some workers and tried to obstruct the morning shift, local media reported. Long batons, known as lathis in India, were used by police who charged the workers, injuring at least 20 of them, including Murali. He died on the way to hospital, according to The Times of India. Hundreds of workers gathered outside the police station and demanded that officers be charged with homicide.
Curfew and other civil orders were imposed in Yanam because of the uprising that ultimately led to the murder of the Regency president. Police reported that rioters also torched several vehicles outside the police station. Eight Regency Ceramics workers were injured in police firing that followed; the condition of two of them is critical. More than 100 protesters have been arrested.
India factory workers are the lowest paid within the big four emerging markets. Per capita income in India is under $4,000 a year, making it the poorest country in the BRICs despite its relatively booming economy.
Did you know that some estimates put the number of Indian Naxalite-Maoist Communists as over 1,000,000. They are currently heavily concentrated in the impoverished Red Corrider and have, until recently, largely been a jungle / non-urban movement.
Lawyer Defending South Carolina’s Voter ID Law Thinks the Department of Justice is Biased Against White People | TPM Muckraker
South Carolina officials plan to file suit against the federal government because the Justice Department stopped the state from implementing a voter ID law that the state’s own statistics showed would have a disparate impact on non-white voters. Fighting on their behalf will be a former DOJ official who claimed that the Civil Rights Division is opposed to protecting the civil rights of whites and who defended the Bush-era politicalization of the division by Bradley Schlozman as an effort to “diversify.”
South Carolina has hired former Voting Section Chief Christopher Coates, who defied DOJ’s instructions and testified before the U.S. Commission on Civil Rights during the Republican-led probe into the infamous New Black Panther Party case, a spokesman for the South Carolina attorney general’s office told The State newspaper.
Former colleagues said that Coates had an ideological conversion after an African-American woman was chosen over him as deputy section chief in July of 2000.
(image courtesy of Main Justice)
I know this might not get the blood boiling as much as other electoral issues but voter suppression is something that has always driven me insane with rage. Unfortunately, voter suppression is also something with a long and proud history in these United States. It doesn’t look like it’s going anywhere either. Just changing forms. Read this brief overview from the Brennan Center for Justice (like Supreme Court Justice William J. Brennan Jr.) on how over five million voters will find exercising their fundamental democratic right either more difficult or impossible in 2012. And yes, to the surprise of no one, these voters will be disproportional minority and impoverished populations.
“HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank Of America’s Derivatives Trades
http://dailybail.com/home/holy-bailout-federal-reserve-now-backstopping-75-trillion-of.html
This story from Bloomberg just hit the wires this morning. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC.
This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval to do this, they just did it at the request of frightened counterparties. Now the Fed and the FDIC are fighting as to whether this was sound. The Fed wants to “give relief” to the bank holding company, which is under heavy pressure.
This is a direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input. You will also read below that JP Morgan is apparently doing the same thing with $79 trillion of notional derivatives guaranteed by the FDIC and Federal Reserve.
What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan. Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.
This is a recipe for Armageddon. Bernanke is absolutely insane. No wonder Geithner has been hopping all over Europe begging and cajoling leaders to put together a massive bailout of troubled banks. His worst nightmare is Eurozone bank defaults leading to the collapse of the large U.S. banks who have been happily selling default insurance on European banks since the crisis began.
— Bloomberg
wat.