Anti-Laundering Bill Targeting Shell Companies Stalled in Senate as Big Banks Caught Cooking Books

The Anti-Money Laundering Act would expose the owners of shell companies now sits alone on a shelf in the US Senate while the Federal Reserve shrugs its shoulders in the face of blatant manipulation by the too-big-to-fail banks.

Shell companies Feature photo

Money laundering and cooking the books are usually treated as separate things when discussing white collar crime, even though the latter is often the mechanism through which the former is carried out. In the world of corporate banking, hedge funds and the host of satellite market services that underpin the financialized economies of the U.S. and

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As Congress Blocks Defunding the Pentagon, Here Are Ten Things We Could Have Spent the Money On

The National Priorities Project has put together a list of ten better uses for the $74 billion than giving it to one of the world’s largest bureaucracies.

Military Spending Feature photo

The majority of House Democrats joined with the Republican colleagues yesterday in voting down progressive legislation that would have cut the Pentagon budget by 10 percent ($74 billion) and used the money to fund healthcare, housing, and education for the poorest Americans. The amendment to the National Defense Authorization Act, sponsored by

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United States to Drastically Expand Military Assistance to Ukraine

The National Defense Authorization Act for Fiscal Year 2019 allocated $250m in military assistance to Ukraine, including lethal arms.

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Washington is upping the ante in Ukraine. Kurt Volker, US Special Representative for Ukraine Negotiations, said in an interview with the Guardian published on September 1 that “Washington is ready to expand arms supplies to Ukraine in order to build up the country’s naval and air defense forces in the face of continuing Russian support for eastern

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Beijing Notes Signs of US Decline Behind Bloated New Pentagon Budget

The emerging multipolar global arrangement has convinced observers that the United States is undeniably confronting an inevitable decline in its status as the world’s foremost hegemonic power.

BEIJING – China has expressed serious concern about the new United States military budget, which explicitly notes the U.S.’ “long-term strategic competition with China” as a top priority and raises the government’s annual investment in the military to an unprecedented $716 billion – an exponentially higher budget than that of any other defense

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How “Progressives” in the Black Caucus Shrunk to Almost Nothing

The thoroughly corporate nature of the Democratic Party is the reason that only three Black Caucus members are minimally worthy of the term “progressive.”

Democratic presidential candidate Hillary Clinton, left, accompanied by James Clyburn, D-S.C., right, receives the Phoenix award at the Congressional Black Caucus Foundation's Phoenix Awards Dinner at the Washington Convention center, in Washington, Saturday, Sept. 17, 2016. | AP

The “Russiagate” hysteria is only the latest reason to conclude that the Democratic Party is the greatest institutional impediment to the creation of mass “resistance” to onrushing war and never-ending austerity under late-stage capitalism. Last week’s vote on the National Defense Authorization Act for fiscal year 2019 showed, by the numbers, that

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Lifting of US Propaganda Ban Gives New Meaning to Old Song

In the age of legal, weaponized propaganda directed against the American people, false narratives have become so commonplace in the mainstream media that they have essentially become normalized, leading to the era of “fake news” and “alternative facts.”

"U.S. Official War Pictures", propaganda poster by Louis D. Fancher circa 1917. (Public Domain)

Though its ostensible purpose is to fund the U.S. military over a one year period, the National Defense Authorization Act, better known as the NDAA, has had numerous provisions tucked into it over the years that have targeted American civil liberties. The most well-known of these include allowing the government to wiretap American citizens without

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