Mary Bottari's News Articles

As President Obama gets ready for his big jobs speech Thursday, America's nurses have a message for him. "Heal America, Tax Wall Street!" the signs read as nurses rallied in front of 61 Congressional offices this week. The nurses are proposing a bold alternative to the "cut, cut, cut" rhetoric emanating from Washington, D.C.

Their proposal? "It's time for the Wall Street financiers who created this crisis and continue to hold much of the nation's wealth to start contributing to rebuild this country and for the American people to regain their future," explained Rosanne DeMoro, Executive Director of National Nurses Union (NNU), in a press release. The nurses are joining groups across the nation and around the world who are calling for a financial transaction fee on high-volume, high-speed Wall Street trades, to tamp down dangerous speculation and to raise revenue for heath care, jobs and other critical needs.

A new study released today by the Center for Media and Democracy (CMD) shows that, despite rosy statements about the bailout's impending successful conclusion from federal government officials, $1.5 trillion of the $4.8 trillion in federal bailout funds are still outstanding.

The analysis, presented in charts and an online table and program profiles, is based entirely on government records. This comprehensive assessment of the bailout goes beyond the relatively small Troubled Asset Relief Program (TARP) program to look at the rest of the Treasury and Federal Reserve's multi-trillion dollar response to the financial crisis. It shows that while the TARP bailout of Wall Street (not including the bailout of the auto industry) amounted to $330 billion, the government also quietly spent $4.4 trillion more in efforts to stave off the collapse of the financial and mortgage lending sectors. The majority of these funds ($3.9 trillion) came from the Federal Reserve, which undertook the actions citing an obscure section of its charter.

Although he passed away in 2006, states are now grappling with many of the toxic notions left behind by University of Chicago economist, Milton Friedman.

In her groundbreaking book, The Shock Doctrine, Naomi Klein coined the term "disaster capitalism" for the rapid-fire, corporate re-engineering of societies still reeling from shock. The master of disaster? Privatization and free market guru Milton Friedman. Friedman advised governments in economic crisis to follow strict austerity measures, combining radical cuts in social services with the full-scale privatization of their more lucrative assets. Many countries in Latin America auctioned off everything standing -- from energy and water utilities to Social Security -- to for profit multinational firms, crushing unions and other dissenters along the way.

In the wake of allegations that Wisconsin Supreme Court Justice David Prosser placed fellow Justice Ann Walsh Bradley in a chokehold in her office, women's rights organizations and elected officials across the state are calling for him to step down until investigations are complete.

Tense Confrontation Over Collective Bargaining Ruling

On June 13, the day before the state's highest court issued their politicized contentious split decision upholding Governor Scott Walker's controversial collective bargaining law, members of the court were debating whether to issue an opinion. At that point it was uncertain if the court would get involved, since no hearings had been held and no facts had been presented to the court. Prosser and the conservative justices tracked Justice Bradley and Chief Justice Abrahamson down in Bradley's chamber. According to new reports, Bradley demanded Prosser leave her chamber after he made disparaging remarks about Abrahamson. That was when Prosser is alleged to have put his hands around her throat and placed her in a chokehold. "It was in no way playful," said one source who was present.