LA TEACHER LOSES JOB OVER ANTI-SEMITIC COMMENTS

When I posted THIS short video last week, I asked just how long she would be employed for. Here is her short video.

And here is the response. It sure did not take long to have her sacked for stating the obvious! 

Here is what she said that cost her her job:

“I think that the Zionist Jews who are running these big banks and our Federal Reserve, which is not run by the federal government, they need to be run out of this country,” said Occupy LA protester Patricia McAllister. She identified herself as a Los Angeles Unified School District employee.

Thank you Musique for the link and update!

The Sacramento Bee

October 18, 2011

Los Angeles school officials say a substitute teacher has lost her job after making anti-Semitic comments at a rally.

In a statement Tuesday, schools superintendent John Deasy (DAY'-zee) condemned remarks made by Patricia McAllister at a protest rally last week.

In an Oct. 12 interview with Reason.tv at a Los Angeles rally, McAllister said "Zionist Jews and the Federal Reserve" need to be run out of this country. 

Deasy says that although freedom of speech is a protected right of public employees, the LAUSD can't set a good example for students while tolerating disrespectful, intolerant or discriminatory behavior.

McAllister worked as a day-to-day substitute teacher in the district.

REDISCOVERING CIVIL DISOBEDIENCE

Some people have taken the Take Back or Occupy America movement to even more personal levels as with this group in Chicago. Here we see civil disobedience in action with a very precise set of demands and grievances that speak volumes about what is being protested against around the world.  

These people went and faced the banking thieves and ended up arrested. Eventually, more ordinary people will begin to take these actions. Occupy Wall Street, or Take Back America, no matter what happens now, have awakened the ordinary American, the ordinary citizens of the world, to the tyranny they are under and for this, we must be grateful. People are beginning to say"

WE WON'T SIT BY AND LET THIS HAPPEN WITHOUT STRUGGLE

For how long things will remain as peaceful civil disobedience is anybody's guess.

By George Goehl

The Nation

October 17, 2011  

“There comes a time when silence becomes betrayal,” proclaimed Rev. Dr. Martin Luther King Jr. as he took a risk and spoke out forcefully against the War in Vietnam.

As more Americans debate whether to leave the sidelines and join the Occupy Wall Street movement, we should heed Dr. King’s words. 

Our individual silence is a form of acquiescence, and we speak volumes not only through our action but also through our lack of it. 

Silence signals that we are okay with what’s happening, or that we have simply given up. 

While Occupy Wall Street has inspired a new level of consciousness in America, we have only just scratched the surface of what will be needed to shift the political economy of our country.

For activists new to the struggle as well as those who have been hitting the streets since the financial crisis began, this may mean taking on new risks.

As he spoke from the pulpit of Riverside Church in 1967, Dr. King said,

“The truth of these words is beyond doubt, but the mission to which they call us is a most difficult one.”

Breaking silence entails risk because it means facing one’s fear of ridicule, embarrassment, failure and more. It is easier and safer to remain silent. 

But as we’ve seen over the last few years, our collective silence has come with its own set of costs in the form of lost jobs, homes and pensions.

Last Tuesday, members of Southsiders Organized for Unity and Liberation (SOUL), an affiliate of National People’s Action, the community organizing network that I direct, took their risk-taking to the next level, with personal courage born of outrage. 

Sixteen members of SOUL, supported by 150 witnesses, were arrested at the annual convention of the Mortgage Bankers of America as they called on the big banks to reduce principal on millions of underwater home loans and pay their fair share of taxes. 

The action was part of a series of events organized by Take Back Chicago

Says Will Tanzman, co-executive director of SOUL, which is based on Chicago’s South Side:

“The big banks have completely disrupted life in our community. They have created a full-on crisis for the families who have been forced from their homes and for neighbors stuck living next to the scores of bank-owned foreclosed properties on each block. They have repeatedly ignored our pleas to put a halt to the foreclosure crisis, and that is why we were called to bring the crisis to them.”

With this as their goal, SOUL members erected a makeshift house in the hotel hosting the mortgage bankers’ conference. As she was being carried into the police van, Shani Smith proclaimed,

“I want to stay in my home. I want to stay in my home.”

Ms. Smith is fighting to save her home from foreclosure and help stabilize her community. 

Said Ms. Smith after she was released:

“My home is in jeopardy, our community is in peril. I’m the president of my block club and we have a saying: Your block today, my block tomorrow. The foreclosure crisis is spreading to more and more communities and we must all fight back.”

To get a sense of what the foreclosure crisis looks like in Ms. Smith’s Calumet Heights neighborhood, see the map below. Within a mile of her home, over 500 foreclosures have been filed over the last eighteen months. Neighborhoods to the southwest of hers, such as Ashburn, have been hit even harder, with over 1000 foreclosures filed during the same period.

 

Please enlarge.  It looks as if the entire neighbourhood is simply targeted for extinction. This is exactly what happened in Detroit which has since become a ghost town of empty lots and feral abandoned pets.

 

As divinity student Neil Ellingson was carted off by police, he asked, “What would Jesus do?”

Meanwhile the crowd chanted,

“You are arresting the wrong people.”

The chant raises an important point further brought to light by acts of civil disobedience. Over the last month alone over 100 people have been arrested while protesting foreclosures, while no one from Wells Fargo, Bank of America, Goldman Sachs or JPMorgan Chase has been fully held to account for their role in the foreclosure crisis.

SOUL’s action Tuesday underscores the fact that the foreclosure crisis is reaching catastrophic levels in communities nationwide. The impact on communities of color is especially alarming, with often two to three times the number of vacant bank-owned properties as white neighborhoods. 

Three years ago arrests at protests to stop foreclosures were incredibly rare, but homeowners have been arrested by the dozens in efforts organized by Right to the City in Boston, ACCE in Los Angeles and others over the last few weeks.

Together with Occupy Wall Street and the tar sands protests at the White House, this represents an emerging movement toward rediscovering the principles of nonviolent civil disobedience that were so central to Dr. King’s work.

Says Ms. Smith:

“We are really at a critical stage in America where corporate greed has taken over. Right now we are under the soles of the shoes of Wall Street, and if we want to change that we have to take risks. For me, this act of civil disobedience was done on behalf of my faith, my family and my community.”

Thanks to so many people, like Ms. Smith, who have taken to the streets over the last few weeks, many more are joining the fight to create a more just and sustainable economy. 

But, getting there won’t be easy, and it won’t be comfortable. 

With yesterday’s dedication of the Dr. Martin Luther King, Jr. National Memorial, we should consider how and when each of us will break our silence, and turn up the volume. 

 

WWW.SOULINCHICAGO.ORG

 
HTTP://NPA-US.ORG/

EGYPT MAY BE FORCED TO SEEK IMF LOAN

 

“We will not be governed by the Bank, we will not be governed by imperialism", the people chanted, But the terms of the IMF are poverty, hunger and rising prices, the loss of sovereignty.

Oh yes I can just see the Egyptian people accepting even more austerity measures. Yep, sure, I can see it right now.  So Mubarak, so praised by the IMF in the past for obeying its mandates, gets off more or less scot free with gadzillions of the peoples' wealth while they must accept even worse living conditions than they have now? That will go over like a ton of radioactive lead. And the Egyptian folks will be verrrra upset about it. 

Maybe defaulting could be an option? This uneducated in large scale finance woman believes everyone should default on loans to do with the big banks. They don’t need the money. And, heck, they can always print more, so they say. That means there really never would be a “shortage of wealth” and the bankers’ grip upon the planet would be negated. 

Who died and gave them control over our lives and everything we do including banking? They can only have control if we give it to them! 

It seems that this is an example of why the Zionists and the Rothschild banker cabal did not want Qaddafi to succeed with his United States of Africa unification project. The money could have come from within Africa itself and therefore "rob" the international thieves of greater profit at the expense of the Egyptian people. That may be simplistic and naive, but it only makes sense if you think about it.

By Alaa Shahine

Bloomberg

Oct 10, 2011 

Returning to the IMF risks a backlash from the activists who led this year’s revolt and objected to loans from the fund and the World Bank on the grounds that they endorsed Mubarak’s policies, said Raza Agha, an economist at Royal Bank of Scotland. 

Egypt, grappling with sectarian violence, labor strikes and the highest borrowing costs since 2008, may be forced to ask the International Monetary Fund for the $3 billion loan it spurned in June. 

The yield on the government’s one-year treasury bills soared 328 basis points, or 3.28 percentage points, to 13.86 percent since the Jan. 25 revolt that ousted President Hosni Mubarak, the highest since November 2008. The extra yield investors demand to hold Egyptian debt instead of U.S. Treasuries rose 160 basis points for the period to 421, according to JPMorgan Chase & Co.’s data. Middle East spreads climbed 128 basis points on average to 437, the data show. 

“They must go to the IMF and the World Bank,” Mona Mansour, co-director of research at Cairo-based investment bank CI Capital, said in a telephone interview. “The government will resort to foreign borrowing because this can’t continue.” 

Returning to the IMF risks a backlash from the activists who led this year’s revolt and objected to loans from the fund and the World Bank on the grounds that they endorsed Mubarak’s policies, said Raza Agha, an economist at Royal Bank of Scotland. 

Egypt is in talks with Saudi Arabia and the United Arab Emirates for $5 billion in loans to finance the budget deficit, which the government aims to reduce to 8.6 percent of economic output in the fiscal year through June 2012. The gap was 9.5 percent in the previous 12 months. 

CAIRO CLASHES 

“If they can’t get the money from the Gulf neighbors, then they could well be forced to go to the IMF again,” London-based Agha said in an e-mailed answer to questions on Oct. 6. “That could lead to another confrontation with pro-democracy groups.” 

ED: How about just the poor struggling to survive. democracy? More important will be food on the table and a roof over their heads. Austerity measures upon Egypt will sit even worse with the general populace than they have in Greece.

Egypt is also grappling with violent public outbursts eight months after Mubarak’s Feb. 11 departure. Coptic Christian protesters clashed with security forces in Cairo yesterday, killing at least 24 people and injuring 272, the state-run Middle East News Agency reported, citing the health ministry. 

Prime Minister Essam Sharaf said in a televised speech that the clashes were “unjustified violence” that “raised fear and concerns about the future of this homeland” and the country’s transition to democracy. The clashes sent the benchmark EGX 30 stock index tumbling as much as 5.2 percent. The measure lost 2.5 percent, falling to the lowest level since March 2009, at 12:41 p.m. in Cairo. 

ECONOMIC POLICIES 

The government and the military have blamed violence and labor strikes for the country’s economic slowdown. Critics say the government hasn’t taken a “single meaningful economic step toward meeting the demands of the revolting Egyptians,” columnist Wael Gamal wrote in the daily Al Shorouk newspaper Oct. 2, citing the lack of progress on removing energy subsidies for companies. 

Protests against the government’s economic policies and the planned IMF loan contributed to the departure of Finance Minister Samir Radwan after the interim military rulers forced him to turn down the IMF and trim the deficit target by reducing investments. The IMF and Radwan denied that a loan would have come with stringent conditions. 

Egypt hasn’t asked the fund for a loan, Deputy Prime Minister Hazem El Beblawi and IMF spokesman David Hawley said last week. 

‘FAIRLY EMBARRASSING’ 

Going to the IMF would be “fairly embarrassing politically given that they got the agreement and turned it down,” said Richard Fox, the London-based head of Middle East and Africa Sovereigns at Fitch Ratings. 

“There’s no shortage of money being pledged, particularly from the Gulf Cooperation Council, and one of the problems is that it’s quite difficult to know precisely what is likely to materialize.” 

The rating company cut Egypt’s credit rating one level, to BB, on Feb. 3, leaving it two levels below investment grade. Saudi Arabia has given $500 million in budget support. 

Egypt has no “inhibitions” about IMF suggestions to aid the country, El Beblawi, who is also the finance minister, said in Sept. 22 interview in Washington. 

Public “apprehension” about foreign borrowing is forcing the government to rely on domestic banks instead of tapping international markets “though economically speaking it might be wise,” he said. 

The nation’s gross external debt is equivalent to 15.2 percent of gross domestic product, while the country’s gross domestic debt is 68 percent of GDP, according to data on the Ministry of Finance website. 

The yield on Egypt’s 5.75 percent dollar bond due April 2020 fell 2 basis points on Oct. 7 to 5.96 percent. That’s down from this year’s high of 7.07 percent on Jan. 31. Egypt’s default risk rose 5 basis points to 465, according to data provider CMA, which is owned by CME Group Inc. and compiles prices quoted in the privately negotiated market. 

19TH CENTURY LOANS 

Some of the misgiving from borrowing abroad can be traced to an accumulation of debt in the 19th century to finance public spending. 

According to F. Robert Hunter in ‘The Cambridge History of Egypt,’ of the total amount received by rulers such as Khedive Ismail, the “greater part was recycled to Europe in the payment of principal and interest charges.” 

The experience, still taught at local schools, cost the country its stake in the Suez Canal before the 1882 British invasion. 

“It’s part of the culture in Egypt that foreign borrowing is associated with the loss of sovereignty and a negative impact on the economy,” Mohamed Abu Basha, Cairo-based economist at EFG-Hermes Holding SAE, Egypt’s biggest publicly traded investment bank, said by e-mail. 

ED: And rightfully so when the IMF or other such bloodsucking organizations come into the equation!

‘CHEAPEST SOURCES’ 

The argument still has some resonance today. Repayments of $24.6 billion on external debt between 2000 to 2009 show that Western loans “act to extract wealth from Egypt’s poor and redistribute it to the richest banks in North America and Europe,” Adam Hanieh, lecturer at the School of Oriental and Africa Studies at the University of London, wrote in May in Jadaliyya, an online magazine specialized in Middle East studies. 

Still, borrowing from institutions such as the IMF “is likely to take place,” EFG-Hermes’ Abu Basha said. “The IMF and the World Bank are among the cheapest sources of financing and they are more reassuring. It gives a positive message.” 

ED: How can ANYONE consider a message from the IMF to be “positive’?

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

EGYPT MAY BE FORCED TO SEEK IMF LOAN

 

“We will not be governed by the Bank, we will not be governed by imperialism", the people chanted, But the terms of the IMF are poverty, hunger and rising prices, the loss of sovereignty.

Oh yes I can just see the Egyptian people accepting even more austerity measures. Yep, sure, I can see it right now.  So Mubarak, so praised by the IMF in the past for obeying its mandates, gets off more or less scot free with gadzillions of the peoples' wealth while they must accept even worse living conditions than they have now? That will go over like a ton of radioactive lead. And the Egyptian folks will be verrrra upset about it. 

Maybe defaulting could be an option? This uneducated in large scale finance woman believes everyone should default on loans to do with the big banks. They don’t need the money. And, heck, they can always print more, so they say. That means there really never would be a “shortage of wealth” and the bankers’ grip upon the planet would be negated. 

Who died and gave them control over our lives and everything we do including banking? They can only have control if we give it to them! 

It seems that this is an example of why the Zionists and the Rothschild banker cabal did not want Qaddafi to succeed with his United States of Africa unification project. The money could have come from within Africa itself and therefore "rob" the international thieves of greater profit at the expense of the Egyptian people. That may be simplistic and naive, but it only makes sense if you think about it.

By Alaa Shahine

Bloomberg

Oct 10, 2011 

Returning to the IMF risks a backlash from the activists who led this year’s revolt and objected to loans from the fund and the World Bank on the grounds that they endorsed Mubarak’s policies, said Raza Agha, an economist at Royal Bank of Scotland. 

Egypt, grappling with sectarian violence, labor strikes and the highest borrowing costs since 2008, may be forced to ask the International Monetary Fund for the $3 billion loan it spurned in June. 

The yield on the government’s one-year treasury bills soared 328 basis points, or 3.28 percentage points, to 13.86 percent since the Jan. 25 revolt that ousted President Hosni Mubarak, the highest since November 2008. The extra yield investors demand to hold Egyptian debt instead of U.S. Treasuries rose 160 basis points for the period to 421, according to JPMorgan Chase & Co.’s data. Middle East spreads climbed 128 basis points on average to 437, the data show. 

“They must go to the IMF and the World Bank,” Mona Mansour, co-director of research at Cairo-based investment bank CI Capital, said in a telephone interview. “The government will resort to foreign borrowing because this can’t continue.” 

Returning to the IMF risks a backlash from the activists who led this year’s revolt and objected to loans from the fund and the World Bank on the grounds that they endorsed Mubarak’s policies, said Raza Agha, an economist at Royal Bank of Scotland. 

Egypt is in talks with Saudi Arabia and the United Arab Emirates for $5 billion in loans to finance the budget deficit, which the government aims to reduce to 8.6 percent of economic output in the fiscal year through June 2012. The gap was 9.5 percent in the previous 12 months. 

CAIRO CLASHES 

“If they can’t get the money from the Gulf neighbors, then they could well be forced to go to the IMF again,” London-based Agha said in an e-mailed answer to questions on Oct. 6. “That could lead to another confrontation with pro-democracy groups.” 

ED: How about just the poor struggling to survive. democracy? More important will be food on the table and a roof over their heads. Austerity measures upon Egypt will sit even worse with the general populace than they have in Greece.

Egypt is also grappling with violent public outbursts eight months after Mubarak’s Feb. 11 departure. Coptic Christian protesters clashed with security forces in Cairo yesterday, killing at least 24 people and injuring 272, the state-run Middle East News Agency reported, citing the health ministry. 

Prime Minister Essam Sharaf said in a televised speech that the clashes were “unjustified violence” that “raised fear and concerns about the future of this homeland” and the country’s transition to democracy. The clashes sent the benchmark EGX 30 stock index tumbling as much as 5.2 percent. The measure lost 2.5 percent, falling to the lowest level since March 2009, at 12:41 p.m. in Cairo. 

ECONOMIC POLICIES 

The government and the military have blamed violence and labor strikes for the country’s economic slowdown. Critics say the government hasn’t taken a “single meaningful economic step toward meeting the demands of the revolting Egyptians,” columnist Wael Gamal wrote in the daily Al Shorouk newspaper Oct. 2, citing the lack of progress on removing energy subsidies for companies. 

Protests against the government’s economic policies and the planned IMF loan contributed to the departure of Finance Minister Samir Radwan after the interim military rulers forced him to turn down the IMF and trim the deficit target by reducing investments. The IMF and Radwan denied that a loan would have come with stringent conditions. 

Egypt hasn’t asked the fund for a loan, Deputy Prime Minister Hazem El Beblawi and IMF spokesman David Hawley said last week. 

‘FAIRLY EMBARRASSING’ 

Going to the IMF would be “fairly embarrassing politically given that they got the agreement and turned it down,” said Richard Fox, the London-based head of Middle East and Africa Sovereigns at Fitch Ratings. 

“There’s no shortage of money being pledged, particularly from the Gulf Cooperation Council, and one of the problems is that it’s quite difficult to know precisely what is likely to materialize.” 

The rating company cut Egypt’s credit rating one level, to BB, on Feb. 3, leaving it two levels below investment grade. Saudi Arabia has given $500 million in budget support. 

Egypt has no “inhibitions” about IMF suggestions to aid the country, El Beblawi, who is also the finance minister, said in Sept. 22 interview in Washington. 

Public “apprehension” about foreign borrowing is forcing the government to rely on domestic banks instead of tapping international markets “though economically speaking it might be wise,” he said. 

The nation’s gross external debt is equivalent to 15.2 percent of gross domestic product, while the country’s gross domestic debt is 68 percent of GDP, according to data on the Ministry of Finance website. 

The yield on Egypt’s 5.75 percent dollar bond due April 2020 fell 2 basis points on Oct. 7 to 5.96 percent. That’s down from this year’s high of 7.07 percent on Jan. 31. Egypt’s default risk rose 5 basis points to 465, according to data provider CMA, which is owned by CME Group Inc. and compiles prices quoted in the privately negotiated market. 

19TH CENTURY LOANS 

Some of the misgiving from borrowing abroad can be traced to an accumulation of debt in the 19th century to finance public spending. 

According to F. Robert Hunter in ‘The Cambridge History of Egypt,’ of the total amount received by rulers such as Khedive Ismail, the “greater part was recycled to Europe in the payment of principal and interest charges.” 

The experience, still taught at local schools, cost the country its stake in the Suez Canal before the 1882 British invasion. 

“It’s part of the culture in Egypt that foreign borrowing is associated with the loss of sovereignty and a negative impact on the economy,” Mohamed Abu Basha, Cairo-based economist at EFG-Hermes Holding SAE, Egypt’s biggest publicly traded investment bank, said by e-mail. 

ED: And rightfully so when the IMF or other such bloodsucking organizations come into the equation!

‘CHEAPEST SOURCES’ 

The argument still has some resonance today. Repayments of $24.6 billion on external debt between 2000 to 2009 show that Western loans “act to extract wealth from Egypt’s poor and redistribute it to the richest banks in North America and Europe,” Adam Hanieh, lecturer at the School of Oriental and Africa Studies at the University of London, wrote in May in Jadaliyya, an online magazine specialized in Middle East studies. 

Still, borrowing from institutions such as the IMF “is likely to take place,” EFG-Hermes’ Abu Basha said. “The IMF and the World Bank are among the cheapest sources of financing and they are more reassuring. It gives a positive message.” 

ED: How can ANYONE consider a message from the IMF to be “positive’?

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net