“As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”
That’s a number that’s bigger than the fucking debt ceiling.
Does that not constitute news?
Bernie almost always deserves a reblog.
Interesting insights from a fellow Sanders (no known connection).
“…Quite simply, I was in love with New York. I do not mean “love” in any colloquial way, I mean that I was in love with the city, the way you love the first person who ever touches you and you never love anyone quite that way again. I remember walking across Sixty-second Street one twilight that first spring, or the second spring, they were all alike for a while. I was late to meet someone but I stopped at Lexington Avenue and bought a peach and stood on the corner eating it and knew that I had come out out of the West and reached the mirage. I could taste the peach and feel the soft air blowing from a subway grating on my legs and I could smell lilac and garbage and expensive perfume and I knew that it would cost something sooner or later—because I did not belong there, did not come from there—but when you are twenty-two or twenty-three, you figure that later you will have a high emotional balance, and be able to pay whatever it costs.”—Joan Didion, “Goodbye to All That” (via frontofbook)
“This fall, I’m joining NYU’s journalism program, where, for the first time in a dozen years, I will teach undergraduates. Someone who turns 19 this year will have not one adult memory of the 20th century; for them, the Contract With America, the Monica Lewinsky scandal and the first Gulf War are roughly contemporaneous events, just as, for my 19 year old cohort, the Summer of Love, the Watts’ riots, and Kent State all seemed to have happened in that one busy month we called The 60s. When it comes time to explain the media landscape of the 20th century, I will be teaching my own youth as ancient history.
I could tell these students that when I was growing up, the only news I read was thrown into our front yard by a boy on a bicycle. They might find this interesting, but only in the way I found it interesting that my father had grown up without indoor plumbing. What 19 year olds need to know isn’t how it was in Ye Olden Tymes of 1992; they need to know what we’ve learned about supporting the creation and dissemination of news between then and now. Contemplating what I should tell them, there are only three things I’m sure of: News has to be subsidized, and it has to be cheap, and it has to be free.”—Clay Shirky, We Need the New News Environment to be Chaotic. (via futurejournalismproject)