Monday, May 19


Obama said he would pursue a vigorous antitrust policy and singled out the media industry as one area where government regulators would need to be watchful as consolidation increases. . . We're going to have an antitrust division in the Justice Department that actually believes in antitrust law. We haven't had that for the last seven, eight years," Obama said. - Reuters

There are two eminent domain issues on the ballot in California one would sweepingly bar "state and local governments from taking or damaging private property for private uses. It prohibits rent control and similar measures, eliminates deference to government in property rights cases, and changes condemnation rules. Fiscal impact includes increased costs to many governments due to the measure's restrictions." It is currently losing by four points in a PPI poll. The desirable alterative "bars the use of eminent domain to acquire an owner-occupied residence for conveyance to a private person or business entity. It creates exceptions for public works, public health and safety, and crime prevention." It is ahead by 25 points

Independent candidate for President Ralph Nader described the current government and economic system of the United States as "corporate fascism" at a campaign event held in Berkeley. "We're living in a country whose democracy is beyond the breaking point. The extent of corporate control has developed into corporate fascism," declared Nader. "We don't have a capitalist economic system - it's corporate fascism. Every major tenet of capitalism is violated by corporate power," said Nader. Only small businesses still practice capitalism, according to Nader. Nader explained that major corporations buy politicians and write the laws through their lobbyists, thus owning the Capitol. They receive billions in government subsidies and hand-outs, but 68 percent of corporations pay no federal income tax, according to Nader. - OpEd News