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Why Chicago Won't Go Bankrupt - And Detroit Didn't Have To

Saqib Bhatti In These Times
Detroit's bankruptcy wasn't inevitable. Neither is Chicago's. But the austerity hawks don't want you to know that...When cities and states borrow money by issuing bonds, the lenders are typically high-wealth individuals, who purchase the bonds to get a tax break. It is a perverse system through which, rather than paying their fair share in taxes, the wealthy are instead able to lend that money to us, charge us interest for it, and then claim a further tax break on it.

Tidbits - June 25, 2015 - The Racial Divide; Take Down the Flag; Charleston Massacre; Greek Debt; Israeli Nukes; BDS; and more...

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Reader Comments: The Racial Divide; Take Down the Flag; Call It What It Is, Or Be Complicit; The Charleston Massacre - A Hate Crime; Racial Violence in America; Greek Debt Truth Committee - Debt Cannot and Should Not Be Paid; American Century has Plunged the World into Crisis; Rachel Dolezal; Israeli Nukes; BDS is costing Israel big money; Alexander Hamilton and Andrew Jackson; Announcement - Celebration of Danny Schechter's Life

A Greek Tragedy: Act III; Eurozone Talks Break Down

Duane Campbell; AP; Theo Ioannou, Reuters Portside
An austerity crisis continues to be imposed by European bankers on Greece, Spain, Italy and Portugal, among others. A catastrophe on the scale of the Great Depression has been forced upon Greece for over five years under the deceptive description of a bailout. Now the banks are demanding even more, with German Chancellor Angela Merkel saying that Germany will not be blackmailed by Greece, demanding a deal before financial markets reopen next Monday.

What This Cruel War Was Over

Ta-Nehisi Coates The Atlantic
The meaning of the Confederate flag is best discerned in the words of those who bore it. In praising the Klan's terrorism, Confederate veterans and their descendants displayed a remarkable consistency. White domination was the point. Slavery failed. Domination prevailed nonetheless. The Confederate flag should come down because it is embarrassing to all Americans. The fact that it still flies, that one must debate its meaning in 2015, reflects an incredible ignorance.

The Condition of Black Life Is One of Mourning

Claudia Rankine The New York Times
The murder of three men and six women at a church in Charleston is a national tragedy, but in America, the killing of black people is an unending spectacle.

Columbia Becomes First U.S. University To Divest From Prisons

Wilfred Chan CNN
Congratulations to Columbia University student activists in the group, Columbia Prison Divest, who successfully launched a campaign protesting their school's investment in private prisons. Columbia University will sell its roughly 220,000 shares in G4S, the world's largest private security firm, as well as its shares in the Corrections Corporation of America (CCA), the largest private prison company in the U.S.

Byan Stevenson On Charleston and Our Real Problem with Race

Corey Johnson The Marshall Project
Bryan Stevenson has spent most of his career challenging bias against minorities and the poor in the criminal justice system. He is the founder and executive director of the Equal Justice Initiative, based in Montgomery, Ala., an advocacy group that opposes mass incarceration and racial injustice. Stevenson is a member of The Marshall Project’s advisory board. He spoke with Corey Johnson. The interview has been edited for length and clarity.

Who Has Your Back?

Electronic Frontier Foundation Electronic Frontier Foundation
We live digital lives—from the videos shared on social networks, to location-aware apps on mobile phones, to log-in data for connecting to our email, to our stored documents, to our search history. The personal, the profound, and even the absurd are all transcribed into data packets, whizzing through the fiber-optic arteries of the network. Our daily lives have upgraded to the 21st century, but law and the practice of the private sector don't offer adequate protections.