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U.S. Treasury Secretary Timothy Geithner announced yesterday a new one trillion dollar plan to purchase toxic assets from failing banks. According to Geithner, the newest bailout is designed to generate investment; however, Nobel Prize winning economist and New York Times columnist Paul Krugman sharply criticized the plan saying that it will be ineffectual. President Obama’s key …

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The Coup in Argentina

Back in the day on March 24th, 1976, the military junta of General Jorge Rafael Videla, Admiral Emilio Eduardo Massera, and Air Force Brigadier Orlando Ramon Agosti deposed and arrested then President Isabel Peron. Videla was designated President soon after and headed the dictatorial regime’s so-called “National Process of Reorganization” that reigned …

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The new President-elect of El Salvador, Mauricio Funes, made his first foreign trip this past week to meet with Brazilian President Lula da Silva. The candidate of the leftist Farabundo Marti National Liberation Front claimed victory over his opponent Rodrigo Avila of the Nationalist Republican Alliance Party in a historic election held just last week. The …

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Last Thursday Brazil’s highest court ruled in favor of Amazonian Indians in a land dispute that could determine the fate of the Amazon rain forest. According to the court, the Reposa Serra do Sol reservation belongs to the 18,000 indigenous people who live there, rather than a handful of wealthy ranchers and farmers. The …

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On Thursday, Attorney General Eric Holder issued new Freedom of Information Act guidelines marking a sharp departure from the previous Bush administration. In a statement Holder said, “By restoring the presumption of disclosure that is at the heart of the Freedom of Information Act, we are making a critical change.” In line with President Obama’s expressed desires to …

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Archbishop Oscar Romero’s Plea

Back in the day on March 23rd, 1980, Archbishop Oscar Romero of El Salvador bravely and morally challenged the soldiers of his country. In the midst of a bloody civil war, Romero gave a homily, broadcast throughout the Central American nation, imploring the rank and file members of the national army to …

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As unemployment rates in the United States continue to rise as part of the current recession, food insecurity is increasing along with it. In December 2008 Feeding America conducted a survey of food banks across the nation that showed a 30 percent increase in demand for assistance. The latest figures from the U.S. Department of Agriculture state that 36.2 million Americans …

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Los Angeles City Controller Laura Chick has reported that 13 city departments spent more than $184,000 of tax payer money last year on purchasing bottled water for its employees. That’s up from $88,941 in 2004, and after Mayor Antonio Villaraigosa warned against city departments spending money on bottled water. Meanwhile in the Canadian city of Toronto, the fourth largest in …

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The world’s most dominant internet search engine, Google.com, announced last week that it was going to start targeting advertising to users based on the sites they visit. This type of focused marketing is called behavioral advertising. Basically if you use Google to search for children’s clothes, future Google searches may have ads tilted towards children’s items. Google can do …

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Glen Ford is a writer and radio commentator and the Executive Editor of The Black Agenda Report. This week’s commentary is on the AIG Executive Bonuses.

Visit www.blackagendareport.com for more information. …