Wednesday, October 20, 2010

Thou Shalt Not Disparage Moneyed Interests Nor Israel

Three Maine newspapers stop accepting online comments

"PORTLAND, Maine — Three Maine newspapers have halted online comments on stories posted on their websites.

MaineToday Media CEO Richard Connor said what was aimed as a public forum for civil discourse devolved into "a forum for vile, crude, insensitive, and vicious postings." In his words, "No story subject seems safe from hurtful and vulgar comments."

The policy went into effect on Tuesday for MTM's Portland Press Herald, along with the Kennebec Journal in Augusta and Morning Sentinel in Waterville. Bangor Daily News, which uses a comment-moderation system called Disqus, plans to continue to offer public comments.
Connor said the MTM newspapers will consider restoring online comments in the future once a system is put into place for making "contributors accountable in some way for what they say." In the meantime, he suggests that readers use the time-honored tradition of writing a letter to the editor."

Time Magazine: Prospect Of Civil War In U.S. “Doesn’t Seem That Far Fetched”

"With protesters in France entering a seventh day of strikes and demonstrations against draconian austerity measures, many political observers in the U.S. are now wondering how long it will be before similar scenes unfold on American streets, with even Time Magazine now conceding that the prospect of a civil war in the States “doesn’t seem that far fetched”.

To be clear, Stephen Gandel’s article entitled Will the Federal Reserve Cause a Civil War? largely dismisses the possibility that the Fed’s upcoming November 3rd meeting, during which Ben Bernanke is expected to announce a fresh round of money printing, will prompt national uproar, but it doesn’t exactly debunk the notion of longer term social dislocation as a backlash to the crumbling economy, as many are now forecasting.

As we highlighted yesterday in a piece that was later picked up by the Drudge Report, it’s only a matter of time before Americans are hit with almost identical austerity measures to those that have caused the French to set up fuel blockades, stage running battles with riot police, halt air and rail travel, and virtually shut down some areas of the country.

The question remains – how will Americans react if the Obama administration pushes ahead with its plan to seize all private 401(k) pensions, which will be swallowed up by the Social Security Administration under the banner of mandatory Guaranteed Retirement Accounts? How will Americans react to the upcoming announcement that the Federal Reserve will further eviscerate the value of the dollar by purchasing junk assets from big banks at exorbitant prices with money printed out of thin air?"

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