Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Friday, January 12, 2024

IMPORTANT NEW BOOKS:

Frantz Fanon
by James S. Williams
Reaktion Books, 2024

[Publication date: January 1, 2024]

A biography of the revolutionary philosopher and psychiatrist.
 
Doctor, militant, essayist, ambassador, teacher, journalist, pan-Africanist, Frantz Fanon sought to decolonize mid-twentieth-century culture as he embodied a new kind of intellectual. Born in colonial Martinique, he fought for France during World War II but later renounced his citizenship and fought in the Algerian War of Independence. This book emphasizes Fanon’s gift for self-invention and performance as it follows his short but extraordinary life and explores how his pioneering work in psychiatry influenced his revolutionary philosophy.

The Squad: AOC and the Hope of a Political Revolution
by Ryan Grim
‎Henry Holt and Co.


[Publication date: December 5, 2023]

The Squad

Semafor's Best Political Book of 2023

A riveting insider account of the progressive movement in Congress centering A.O.C., Rashida Tlaib, Jamaal Bowman, Cori Bush, Ayanna Pressley, and Ilhan Omar―their rise, their efforts to set an ambitious agenda for the country, and their struggle to find their footing within the Democratic party.

The Squad
is the definitive, must-read book about the most exciting figures defining our new era. The story is urgent, and the stakes are high―for the country and the world―and Grim, an experienced political reporter who covered the Squad before they were the Squad, is uniquely qualified to tell it.

When Bernie Sanders, an obscure Vermont senator, launched his quixotic 2016 presidential campaign, few could have seen just how radically the Democratic Party would transform in just a few short years―or that such a transformation could be led by a Bronx bartender volunteering for Bernie in her spare time. The world as it was when that campaign began is almost unrecognizable today, and the Squad has both shaped and been shaped by the seismic social, cultural, and political changes underway.

Referred to informally as the Squad, led by the preternaturally politically savvy Alexandria Ocasio-Cortez, the group laid down a marker for an aggressive left-wing agenda. Grim takes you behind the scenes as that new energy makes impact with Washington, and the Squad spends as much time fending off assaults from Donald Trump―who regularly singled them out and led chants of “send them back” at rallies―as they did battling their own party’s sclerotic leadership. As they’ve grown in office, they’ve had to contend with the eternal question that confronts outsiders who power their way into the inside: Are they still radical organizers willing and able to lead a political revolution? 

 

ABOUT THE AUTHOR:



Ryan W. Grim is an American author and journalist. Grim was Washington, D.C. bureau chief for HuffPost and is the Washington, D.C. bureau chief for The Intercept. He is also a political commentator for Breaking Points and appears frequently on The Majority Report with Sam Seder,. His writings have appeared in several publications, including Rolling Stone, The Washington Post, and Politico. He is the author of This Is Your Country on Drugs and We've Got People: From Jesse Jackson to Alexandria Ocasio-Cortez, the End of Big Money and the Rise of a Movement

 

The Rebels: Elizabeth Warren, Bernie Sanders, Alexandria Ocasio-Cortez, and the Struggle for a New American Politics
by Joshua Green
‎Penguin Press, 2024

[Publication date: January 9, 2024] 

From the author of the #1 New York Times bestseller Devil’s Bargain comes the revelatory inside story of the uprising within the Democratic Party, of the economic populists led by Elizabeth Warren, Bernie Sanders, and Alexandria Ocasio-Cortez.

In his classic book
Devil’s Bargain, Joshua Green chronicled how the forces of economic populism on the right, led by the likes of Steve Bannon, turned Donald Trump into their flawed but powerful vessel. In The Rebels, he gives an epic account of the long struggle that has played out in parallel on the left, told through an intimate reckoning with the careers of the three political figures who have led the charge most prominently. Based on remarkable inside sourcing and razor-sharp analysis, The Rebels uses the grand narrative of a political party undergoing tumult and transformation to tell an even larger story about the fate of America.

For many years, as Green recounts, the Democrats made their bed with Wall Street and big tech, relying on corporate money for electioneering and embracing the worldview that technological and financial innovation and globalization were a powerful net good, a rising tide lifting all boats. Yes, there were howls of pain, but they were written off by most of the elites as the moaning of sore losers mired in the past. There were always some Democratic politicians representing the old labor base who resisted the new dispensation, but these figures never made it very far on a national level. For one thing, they didn’t have the money. But as income inequality ballooned, widening the gulf between the wealthy elite and everyone else, pressures began to build.

With the 2008 crisis, those forces finally erupted into plain sight, turning this book’s protagonists into national icons. At its heart,
The Rebels tells the riveting human story of the rise and fight of Elizabeth Warren, Bernie Sanders, and Alexandria Ocasio-Cortez from the financial crisis on, as outrage over the unfairness of the American system formed a flood tide of political revolution. That same tide that would sweep Trump into office was blunted on the left, as the Democratic party found itself riven by culture war issues between its centrists and its progressives. But the winds behind economic populism still howl at gale force. Whether the Democrats can bridge their divisions and home in on a vision that unites the party, and perhaps even the country, in the face of the most violently deranged political landscape since the Civil War will be the ultimate test of the legacies of all three characters. 

A masterful account of one of the defining political stories of our age,
The Rebels cements Joshua Green’s stature at the first rank of American writers explaining how we’ve arrived at this pass and what lies ahead.
 
 
ABOUT THE AUTHOR:
 
 
Joshua Green is author of the #1 New York Times bestseller, "Devil's Bargain: Steve Bannon, Donald Trump, and the Storming of the Presidency" (Penguin), a national correspondent for Bloomberg Businessweek, and a CNN political analyst. Previously, Green was an editor at the Atlantic and the Washington Monthly, and a political columnist for the Boston Globe. He's also written for the New Yorker, Esquire, Rolling Stone, Vanity Fair and other publications. Green regularly appears on CNN's shows, HBO’s Real Time with Bill Maher, and PBS’s Washington Week and Frontline. 
 

Sunday, January 5, 2020

The Nexus of Capitalism, Wall Street, American Militarism, and War in the Middle East

https://truthout.org/…/weapons-makers-see-stocks-surge-as-t…

News
War & Peace


Weapons Makers See Stocks Surge as Trump Moves Closer to War With Iran
by Jake Johnson
January 5, 2020
Common Dreams


PHOTO: Stocks for weapons manufacturers began to surge in the wake of the assassination of Iranian General Qassim Suleimani. Jordan Uhl / Screengrab via Twitter

Almost immediately after the United States assassinated Iranian General Qassim Suleimani in a drone strike Thursday night, major American weapons manufacturers and defense contractors—from Northrop Grumman to Lockheed Martin to Raytheon—saw their stocks surge as investors sensed the growing likelihood of another costly and deadly war in the Middle East.

As the Los Angeles Times reported, “Even as the broader Standard and Poor’s 500 index lost ground, the S&P Aerospace & Defense Select Industry index climbed 1.8% on Friday.”

According to the Times:

Northrop Grumman Corp. stock jumped 5.4%. Based in Falls Church, Va., Northrop Grumman makes such aircraft as the B-2 bomber and the upcoming B-21 bomber and is the sole bidder to build the next generation of intercontinental ballistic missiles.

AeroVironment Inc. advanced 6.9%. The Simi Valley company makes small, short-range reconnaissance drones that U.S. soldiers use. The increase in troop deployment to the Middle East could mean more business for AeroVironment, said Ken Herbert, managing director with investment banking and financial services firm Canaccord Genuity.

Shares of Lockheed Martin Corp., which makes the F-35 fighter jet, climbed 3.6%. Missile and radar technologies maker Raytheon Co.’s stock rose 1.5%.

The surge in defense stocks was readily highlighted on corporate television programs like Fox Business and in publications like Investor’s Business Daily, which noted that “Northrop Grumman (NOC) and Lockheed Martin (LMT) were big winners in Friday’s stock market trading, along with Raytheon stock.”

Citigroup analyst Jonathan Raviv wrote Friday that “if Middle East conflict were to ratchet up…we think it could be tougher for Democratic Party electoral candidates to argue against a stronger defense budget in 2020.”

“As is always the unfortunate case, defense stocks tend to benefit from perceptions of heightened risk and the potential for geopolitical conflict,” Raviv added.

Savannah Wooten (she/her/hers) @SavannahEWooten
hi hi just your daily reminder that our country is in a military-industrial stranglehold and everyone trying to sell you war this morning is a key player

https://twitter.com/MarcusReports/status/1213109355920404481 …


Marcus Weisgerber
✔
@MarcusReports

US defense stocks rise as tensions with Iran increase #Soleimani
 
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Rep. Ro Khanna (D-Calif.), who along with Sen. Bernie Sanders (I-Vt.) unveiled legislation to stop Pentagon funding for U.S. military action against Iran, tweeted late Friday that “if you are wondering who benefits from endless wars, take a look at how stocks for weapons manufacturers began to rise as soon as Suleimani was killed.”

“Defense contractors spent $84 million lobbying Congress last year,” Khanna noted, “and it certainly wasn’t to promote diplomacy and restraint.”

ABOUT THE AUTHOR:

Jake Johnson is a staff writer for Common Dreams. Follow him on Twitter: @johnsonjakep.

PHOTO: Stocks for weapons manufacturers began to surge in the wake of the assassination of Iranian General Qassim Suleimani. Jordan Uhl / Screengrab via Twitter
truthout.org

Friday, March 9, 2018

The Ruthless Domination of Wall Street and Casino Capitalism in the U.S. and the Shameless Complicity of the Republican and Democratic Parties in its Ongoing Rule