From Boston.com: “Let me just also say, there’s a conversation we’re going to have to have …that I’ve been trying to have since the first few weeks I’ve been in this job, and it has to do with communication,” the governor said. “I can’t compete if I don’t know something’s at risk.”

“Massachusetts has been kind to Fidelity. I know that’s a two-way street, but if we’re going to build on what we have here, then they need to tell me what they need and I need to be able at least to have an opportunity to respond,” he said.

The governor added: “I feel disappointed and frustrated.”

Governor Patrick,

You are not dating Fidelity, and this is not a question of communication. This is about government officials lying prostrate on the floor before all-powerful corporations. This is about giving away our tax dollars to unscrupulous, very profitable, greedy bastards, when we ABSOLUTELY cannot afford it.

When you ran for re-election, you failed to make an issue about these indefensible giveaways, even while your Green-Rainbow opponent raised the issue. You praised yourself for weak claw-back provisions in future tax giveaways, rather than challenging the idea of giving away tax dollars to corporations trying to hold us hostage to their agendas.  

In Yemen:

At least two people have been killed and more than 300 injured after Yemen security forces stormed a protest site where thousands of pro-democracy demonstrators have been camped out for weeks, demanding the ouster of the country’s leader.

In a pre-dawn raid on Saturday, police are said to have used tear gas and hot water mixed with gas to disperse the demonstrators.

Meanwhile, a teenage boy was killed in separate clashes between security forces and protesters in the city of Mukala.

Al Jazeera’s Hashem Ahelbarra, reporting from the capital Sanaa, said that the situation remains tense, and that the opposition is accusing the government of committing crimes against the protesters.

“They also say the raid will speed up the revolution, and that president Ali Abdullah Saleh must go now before [he] faces the wrath of the people,” he said.

Also on Saturday, at least three students were injured when security forces opened fire at protesters in the city of Taiz, where residents had gathered to demand that Saleh be put on trial.

The clashes come after tens of thousands of protesters marched on the streets of the capital on Friday, drawing record crowds in a continuing push to demand the ouster of Saleh, who has been in power since 1978.

The following piece from Arun Gupta, a founding editor of The Indypendent newspaper, puts the disaster in Japan in context.

From Climate Solutions

By Arun Gupta

This century, barely out of the box, is already flush with mega-disasters: Hurricane Katrina, Haiti’s earthquake, the 2004 Boxing Day earthquake, the BP oil spill, Cyclone Nargis and the Sichuan earthquake in 2008, and now Japan’s earthquake, tsunami and nuclear meltdowns.

In recent testimony before the U.S. Senate Budget Committee, the executive director of the Center on Budget and Policy Priorities, Robert Greenstein, suggested that cutting tax expenditures (i.e., spending delivered through the tax code), and not program cuts, should be the focus of attempts to bring our federal deficit under control.

Below are excerpts from CBPP’s Off the Charts blog:

The costs of tax expenditures are large.  In 2010, individual tax expenditures totaled nearly $1 trillion, and total tax expenditures – both individual and corporate – amounted to $1.05 trillion.  This greatly exceeded the cost of Medicare and Medicaid combined ($719 billion), Social Security ($701 billion), and non-security discretionary programs, which stood at $589 billion, a little over half of the cost of tax expenditures.

From the Post Carbon Institute

Posted Oct 1, 2010 by Richard Heinberg

This is the second part of a two-part post from a new book-in-progress with the working title ‘The End of Growth’. Only some of the book’s contents will be serialized this way. The final product, with graphs and footnotes, will be published by New Society Publishers in September 2011. Read Part 1 here. Read more ‘End of Growth’ excerpts.

Business Cycles, Interest Rates, and Central Banks

We have just reviewed a minimalist history of human economies and the economic theories that have come into vogue to explain and manage them. But there is a lot of detail to be filled in if we are to understand what’s happening in the world economy today. And much of that detail has to do with the spectacular growth of debt-in obvious and subtle forms-that has occurred during the past few decades. That phenomenon in turn must be seen in light of the business cycles that characterize economic activity in modern industrial societies, and the central banks that have been set up to manage them.

Ed. note: our hearts are with the people of Japan who are experiencing — again — the brutal downsides of human ingenuity, on top of the combined nightmare of two natural disasters. For a good live feed of news from NHK World TV, click here. For good information on the ongoing nuclear issues in Japan from the Union of Concerned Scientists, click here.

By Chris Burrell, The Patriot Ledger

Read the original article here

PLYMOUTH – The Pilgrim nuclear power plant runs the second-highest risk of catastrophic earthquake damage of all the nuclear plants in the country, according to a Nuclear Regulatory Commission study.

The Pilgrim Nuclear Power Plant in Plymouth (photo credit: Entergy Corp.)

The agency estimates the risk of an earthquake damaging the core of Pilgrim’s reactor over the course of a year at 1 in 14,493, a significantly higher risk assessment than its previous estimate of 1 in 125,000.

The federal agency considered both earthquake probability and the stalwartness of a nuclear plant’s design in tallying those odds.