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With the threat of a double-dip recession and the reality of a downgrade, the president of the United States is not acting like the leader of the free world, writes Dana Milbank in the Washington Post . Yesterday’s bland speech deflected blame and reiterated his usual calls for more unemployment benefits…

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The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the US economy is weaker than it had thought with increasing risks. The assessment immediately sent the Dow, which had been up triple digits all day, into negative territory….

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UK riots: disorder spreads to Manchester and West Midlands

Dozens of shops ransacked and Miss Selfridge store set alight as masked gangs in Manchester wage battles with police Central Manchester and Salford saw serious looting and disorder as gangs waged running battles with police, ransacking dozens of shops. Similar, if less widespread, trouble flared in Birmingham and elsewhere in the West Midlands. The most serious disorder came in Manchester. Groups of young people consistently evaded police attempts to stop them from the late afternoon onwards, breaking into a series of upmarket shops and setting a branch of the Miss Selfridge clothing chain ablaze. As evening fell, up to 200 youths raided an off-licence and other shops in the main shopping precinct of Salford, a couple of miles to the west. The violence ebbed in Manchester city centre around midnight and police regained control. One of the few remaining signs of trouble was a gang of masked youths looting a branch of Jessops on the corner of Albert Square, beside Manchester town hall. The gang had posted a lookout and scattered as a police van swept past with blue lights flashing, then went back into the store a moment later. A woman who walked past shouted, “Disgraceful” at the gang. Assistant Chief Constable Garry Shewan of Greater Manchester police said Manchester and Salford had been badly damaged. “These are pure and simple criminals running wild tonight,” Shewan said. “They have nothing to protest against. There has been no spark. This has been senseless on a scale I have never witnessed before in my career.” By midnight police had made 47 arrests in Manchester and Salford. One suspected looter turned himself in after seeing his picture on Facebook, police said. Shewan said Manchester and Salford had been shamed by the criminals committing “wanton acts of violence and criminality”. Earlier in the day Greater Manchester police sent 100 officers – four public order units – to assist in London. While Sir Hugh Orde, president of the Association of Chief Police Officers, who organised the reinforcements, said such assistance had been planned to ensure other forces could cope with violence in their own areas, it was clear that the city could have used the extra officers. Masked gangs in central Manchester’s New Cathedral Street targeted a series of high-end outlets, among them Louis Vuitton, Selfridges, and Harvey Nichols. In nearby King Street, a branch of the clothes store Diesel had its windows smashed. Some looters were seen carrying away window dummies. Cheers went up as the crowd broke through the front window of a Bang & Olufsen store. Two looters carried away a widescreen TV. Another shop seen ransacked was Pretty Green, a fashion boutique set up last year by the former Oasis singer Liam Gallagher. Several hundred young people, many masked or wearing hoods, baited riot police before trying to storm the entrance of the huge Arndale shopping centre on Market Street. It was then that the branch of Miss Selfridge was set alight. As police brought in more riot squads and vans, later backed up by officers on horseback, the looting moved to the upmarket St Ann’s Square area, targeting a T-Mobile store, Links jewellery store, and a branch of Starbucks. The mood turned tense, with rioters threatening photographers and journalists. There was a melee as the crowd turned its attention to the Swarovski crystal shop on St Ann’s Square. Three cars carrying plainclothes police drove up and the officers waded in using batons. Youths were wrestled to the ground; one appeared to have an injured leg as he lay among the broken glass. The police were then forced to guard their prisoners – and themselves – from a screaming crowd of rioters. One young bystander said the violence was because young people felt they had no voice. “Things are really hard at the moment; there is a lot of frustration and tension. This is our way of making a point in as direct as way as possible. People don’t believe the government anymore since the Iraq war. Now, because of the internet, they are able to think for themselves. This is a response to their frustration.” As night fell the crowds moved on again, looting other stores including a branch of Sainsbury’s, with rioters openly carrying away bottles of alcohol and bags of groceries. Graham Stringer, the Labour MP for Blackley and Broughton, which includes parts of both Salford and Manchester, was heavily critical of police for not being better prepared. He said: “It was known that this was coming to Salford and Manchester, and now shops have been looted and set on fire. Businesses have been seriously damaged. There are a lot of questions that the chief constable needs to answer. The police need to get control of the streets, which they have failed to do. “This was predicted. The police knew it was coming. It was co-ordinated and organised by well-known criminals and gangsters. They were taking the opportunity because of the publicity. It wasn’t spontaneous, it was organised.” The trouble in Birmingham was sustained, if slightly less serious than that experienced in the city on Monday night, although West Midlands police said an officer believed he had heard a shot in Aston outside the city centre. It was not clear if it was linked to the rioting. A police firearms team was despatched to investigate. West Midlands police said they had arrested 80 people as a number of shops were looted and cars set alight. In central Birmingham a mob of up to 300 youths gathered, dispersed and regrouped, attacking shops. Chased by police, groups tried to get into the Mailbox shopping and office centre near the city’s rejuvenated canal basin, and the Pallisades shopping complex above New Street station before staff brought shutters down. Windows were damaged at a Marks & Spencer and a car was set on fire in Albert Street by a large gang. House of Fraser was attacked along with a nearby jewellery shop before a line of riot police with batons drove the crowd away. Riot police cornered 60 youths in part of Wolverhampton after five hours of sporadic violence that left the town centre empty of residents and visitors, with shops shuttered and pubs closing early. Two vehicles were set ablaze in West Bromwich as large crowds gathered in the town centre. West Midlands police said the force’s officers had been “managing” several groups of people causing trouble. A spokeswoman said: “Police have been dealing with disorder in Birmingham city centre, Wolverhampton city centre and West Bromwich town centre. The disorder has been on a smaller scale today than was seen on Monday evening in Birmingham, and police have been working throughout the afternoon and evening to calm the situation and target the offenders in all three areas.” UK riots Manchester Birmingham Crime Police Martin Wainwright Sandra Laville Peter Walker Jeevan Vasagar guardian.co.uk

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On a conference call today launching the new “Contract for the American Dream,” Van Jones said that the American people have more wisdom about what’s going on in the country than those inside the beltway. More than 131,000 Americans submitted ideas for the platform, more than 1600 house meetings were held and more than 25,000 ideas were submitted. Of those ideas, the ten most popular were included in the contract. Compare that to the right-wing Contract From America, in which only 50,000 people submitted ideas and only 800 house meetings were held. This disparity was despite the fact that the Contract for the American Dream did not get a big push from Fox News (or any equivalent) and there wasn’t a big funding push from anyone like the Koch brothers. “This movement is real. It’s big. It’s growing,” Jones said. The movement is already active in every congressional district in the country. Jones said that what we need now is for the majority of Americans who agree with the contract need to stand up and speak out for the mainstream American values it represents. These values are what helped make the twentieth century “the American Century.” He points out that while both parties have responded to the tea party, that group only represents 10-15 percent of the country. The Rebuild the Dream movement represents 70 percent. Rep. Jan Schakowsky said that the two biggest problems we face right now are creating jobs and stopping the disappearance of the middle class, the fact that the American dream is slipping through people’s fingers. She said that further cuts to federal spending will kill more jobs and make the economy worse. The solution, Schakowsky argues, is to grow our way out of the economic troubles we have — to have a robust economy, we have to have a robust middle class. And the middle class needs jobs. She is introducing legislation that represents the contract, including the Emergency Jobs to Restore the American Dream Act, which would create 2.2 million jobs over two years that meet critical community needs, and the Fairness in Taxation Act that would create a new 45 percent tax bracket for those who make more than $1 million each year and a 49 percent tax bracket for those who make more than $1 billion each year. She said this bill would raise $800 billion over ten years and would require the richest Americans to pay their fair share. Economist Dean Baker said it amazes him that the very people that got us into the trouble we face now are in charge of solving the problems they created. He said that it is the economic collapse — not excessive spending — that led to huge deficits and that to fix the deficit, we have to get the economy going again. The contract does just that, in his opinion, and is consistent with our successful responses to economic downturns in American history. His real fear, if we don’t get things moving in the right direction again, is that there could be people in their 30s, 40s and 50s who may never work again in their lifetimes. MoveOn’s Justin Ruben says that his group’s supporters are on board with this agenda. He doesn’t think that the people in D.C. will take the plan seriously at first, although most economists would say that the plan makes sense. He’s calling on MoveOn supporters to do the legwork to change the minds of members of Congress by talking the contract up at town hall meetings and in visit to congressional offices. Also on board is the Center for Community Change, led by Jeff Parcher. He says that the economy doesn’t have to be the way it is today. “We have enough, we are the richest, most under-taxed country in the developed world,” he added. Certain members of our society are not contributing their fair share and the key is to change the conversation in Washington. The full text of the contract is below : We, the American people, promise to defend and advance a simple ideal: liberty and justice . . . for all. Americans who are willing to work hard and play by the rules should be able to find a decent job, get a good home in a strong community, retire with dignity, and give their kids a better life. Every one of us – rich, poor, or in-between, regardless of skin color or birthplace, no matter their sexual orientation or gender – has the right to life, liberty, and the pursuit of happiness. That is our covenant, our compact, our contract with one another. It is a promise we can fulfill – but only by working together. Today, the American Dream is under threat. Our veterans are coming home to few jobs and little hope on the home front. Our young people are graduating off a cliff, burdened by heavy debt, into the worst job market in half a century. The big banks that American taxpayers bailed out won’t cut homeowners a break. Our firefighters, nurses, cops, and teachers – America’s everyday heroes – are being thrown out onto the street. We believe: AMERICA IS NOT BROKE: America is rich – still the wealthiest nation ever. But too many at the top are grabbing the gains. No person or corporation should be allowed to take from America while giving little or nothing back. The super-rich who got tax breaks and bailouts should now pay full taxes – and help create jobs here, not overseas. Those who do well in America should do well by America. AMERICANS NEED JOBS, NOT CUTS: Many of our best workers are sitting idle while the work of rebuilding America goes undone. Together, we must rebuild our country, reinvest in our people and jump-start the industries of the future. Millions of jobless Americans would love the opportunity to become working, tax-paying members of their communities again. We have a jobs crisis, not a deficit crisis. To produce this Contract for the American Dream, 131,203 Americans came together online and in their communities. We wrote and rated 25,904 ideas. Together, we identified the 10 most critical steps to get our economy back on track and restore the American Dream: 10 CRITICAL STEPS TO GET OUR ECONOMY BACK ON TRACK I. Invest in America’s Infrastructure: Rebuild our crumbling bridges, dams, levees, ports, water and sewer lines, railways, roads, and public transit. We must invest in high-speed Internet and a modern, energy-saving electric grid. These investments will create good jobs and rebuild America. To help finance these projects, we need national and state infrastructure banks. II. Create 21st Century Energy Jobs: We should invest in American businesses that can power our country with innovative technologies like wind turbines, solar panels, geothermal systems, hybrid and electric cars, and next-generation batteries. And we should put Americans to work making our homes and buildings energy efficient. We can create good, green jobs in America, address the climate crisis, and build the clean energy economy. III. Invest in Public Education: We should provide universal access to early childhood education, make school funding equitable, invest in high-quality teachers, and build safe, well-equipped school buildings for our students. A high-quality education system, from universal preschool to vocational training and affordable higher education, is critical for our future and can create badly needed jobs now. IV. Offer Medicare for All: We should expand Medicare so it’s available to all Americans, and reform it to provide even more cost-effective, quality care. The Affordable Care Act is a good start and we must implement it — but it’s not enough. We can save trillions of dollars by joining every other industrialized country — paying much less for health care while getting the same or better results. V. Make Work Pay: Americans have a right to fair minimum and living wages, to organize and collectively bargain, to enjoy equal opportunity, and to earn equal pay for equal work. Corporate assaults on these rights bring down wages and benefits for all of us. They must be outlawed. VI. Secure Social Security: Keep Social Security sound, and strengthen the retirement, disability, and survivors’ protections Americans earn through their hard work. Pay for it by removing the cap on the Social Security tax, so that upper-income people pay into Social Security on all they make, just like the rest of us. VII. Return to Fairer Tax Rates: End, once and for all, the Bush-era tax giveaways for the rich, which the rest of us — or our kids — must pay eventually. Also, we must outlaw corporate tax havens and tax breaks for shipping jobs overseas. Lastly, with millionaires and billionaires taking a growing share of our country’s wealth, we should add new tax brackets for those making more than $1 million each year. VIII. End the Wars and Invest at Home: Our troops have done everything that’s been asked of them, and it’s time to bring them home to good jobs here. We’re sending $3 billion each week overseas that we should be investing to rebuild America. IX. Tax Wall Street Speculation: A tiny fee of a twentieth of 1% on each Wall Street trade could raise tens of billions of dollars annually with little impact on actual investment. This would reduce speculation, “flash trading,” and outrageous bankers’ bonuses — and we’d have a lot more money to spend on Main Street job creation. X. Strengthen Democracy: We need clean, fair elections — where no one’s right to vote can be taken away, and where money doesn’t buy you your own member of Congress. We must ban anonymous political influence, slam shut the lobbyists’ revolving door in D.C., and publicly finance elections. Immigrants who want to join in our democracy deserve a clear path to citizenship. We must stop giving corporations the rights of people when it comes to our elections. And we must ensure our judiciary’s respect for the Constitution. Together, we will reclaim our democracy to get our country back on track. Not to be outdone, and never one to avoid recycling an old idea if possible, Newt Gingrich is trying to create a new crowdsourced Contract With America via Facebook. It’s called Team 10, as in the Tenth Amendment, the Holy Grail for right-wingers who hate shared responsibility and shared sacrifice.

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I Want My America Back — not the Tea Party’s America

When I was a kid and we were deciding what games to play and how to play them, our slogan was “the majority rules.” That constant and lofty principle ranked right up there with “loser walks” after a touchdown in sandlot football. The bullies and the brats who stamped their feet to get their way did not make the rules. We carried the concept of majority rule into our adult lives and assumed it applied to government as well, but apparently that is no longer the case. Some of our elected representatives would bring down this country in pursuit of their own jihad. The majority no longer rules, and we are all losers as a result. When have we ever had a statute enacted when so many legislators voted their approval and simultaneously voiced their disapproval? The country is in a state of despair — and for good reason. The stock market has obviously given the debt-ceiling “compromise” and the debate leading up to it a flunking grade as has Standard & Poor’s. Wiser voices have spoken about the consequences of the legislation saving the country from its credit default. I am interested and concerned with the process. The undisputed fact is that a minority of the country has taken over its control. Although the cabal may not share blood oaths or secret handshakes, they have their intractable pledges and fanaticism that makes them willing to destroy this country’s and possibly the world’s economy to achieve their ends. By holding up a vote on what had been a traditional rubber stamp for decades by both political parties to raise the debt limit, they sought to extort compliance with their own demands irrespective of the destruction that might ensue if their demands were not met. This conduct strikes at the very foundations of our democracy and the future of our country. The same is true of the use, or rather the abuse, of the filibuster rule and need for a super-majority. The filibuster rule was enacted and reserved for those rare occasions when the minority was so incensed or outraged by legislation or appointments proposed by the majority or the president that it used this rule to defeat them. For years, an actual filibuster was required. Now, no one need stand in the well of the Senate and actually filibuster, the mere threat is sufficient, and the rule is used in a trivial manner to defeat or delay virtually all important legislation or appointments proposed by the majority. (I have previously expressed my ambivalence over the survival of 60 vote rule.) Who can quarrel with noble and popular goals of less government taxes and spending, the reduction of the deficit and the elimination of waste? They are the “Mom and apple pie” of politics. But there is certain hypocrisy in suggesting that this pact not to raise taxes, end or reduce subsidies, loopholes or deductions for the very wealthy is the result of some “grassroots” movement by the public at large. In resisting efforts to raise taxes on the rich and eliminate their deductions, subsidies and loopholes, the argument is made by conservatives that the rich already pay most of the country’s taxes. They argue that a large portion of the nation pays little or no taxes. Therefore, by their own admission, this intractable resistance to raising revenues from the wealthy is not some uprising of the people, but rather for the benefit of those that have rather than those who have not. Apart from the early, classic Tea Party slogan, “Keep the Government out of Our Medicare,” the cry was, “I Want My America Back”. Well, I want MY America back too. Yes, the deficit must be reduced, waste eliminated, spending curtailed, and entitlements reviewed and probably reduced, but we need a government that operates by compromise not coercion. I want an America that builds bridges and hires workers to build them. I want an America that educates its children, feeds its poor, helps the unemployed, cares for its veterans, provides for the elderly and treats the sick who cannot afford it. I want an America that protects its environment, its food supply, its consumers and its borrowers. I want an America that is more concerned about the civil rights of its citizens rather the mythical invasion of Sharia law. What I don’t want is to deny any or all of the foregoing in order to protect the wealth of the wealthiest among us. I want an America that cares as much about its people as it does about its corporations. I want an America that reflects the will of the majority in the decisions it makes and not some small, fringe group that threatens the country and its people in order to achieve its goals. I want an America that is not governed by bullies and brats who insist on making the rules. I want an America in which the rules that governed my childhood playground govern the country as well.

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DNA Proves Inconclusive in ‘D.B. Cooper’ Skyjacking Case

Uncertainty remains the name of the game in the “D.B. Cooper” hijacking, as DNA testing couldn’t pin down a new suspect in the 1971 case. While failing to match DNA from a new suspect to DNA found on the hijacked plane doesn’t preclude that new suspect—who happens to also be deceased—from being involved, it does

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A man convicted of raping his teenage daughter is filing an appeal that centers around a dog named Rosie—and its outcome could have have repercussions for courtrooms and victims across the country. The New York Times reports on the unusual case: The traumatized 15-year-old girl testified about the rape…

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London Riot Woman Leaps

golesusan says: London Riot Woman Leaps : London Riot Woman Leaps , A photographer captured dramatic images of a woman still jumpi… http://bit.ly/r9tJPG

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Quantitative Easing

Downgrade Stupid MARC FABER: “Markets Crash!” “Brace for a Global ‘Reboot’ and a WAR” (CNBC Newsline) Quantitative Easing Questions [NBC 8-08-2011] Cunningham_Beth says: Hopes High for More Quantitative Easing – Dollar Weaker http://bit.ly/n2wDjx

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Think Progress pointed out, the half-full Rick Perry prayer rally was on the same day – down the street from an event for poor Texans to get free school supplies, uniforms and immunizations. The 100,000 person event was so over capacity it was turning people away . There seems to be a theme here. The poor have no more famous an advocate than Jesus Christ but the mega-churches seem to be focusing on the mega-donors and the mega-rich. Case in point: Rick Warren. Last week he tweeted a hard-right (and incorrect) talking point about how half of Americans pay no taxes . This coming from a guy whose the leader of a non-profit (think tax exempt) church in affluent Orange County. Above is a video from my show, a The Young Turks spin-off, TYT Now talking about this divide. It’s a disconnect that gets worse in countries where wealth distribution is stark. In the same show we talked to C&L reader, author Rick Perlstein about the right-wing, conservative women and the effort to scare up the votes for 2012. “I’m writing the third book in my trilogy about how these guys [GOP] took over the country,” says Perlstein. If you guys have any guests you like to see interviewed let me know! Here’s our Facebook page .

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