July, 19 2011, 02:32pm EDT
For Immediate Release
Contact:
Lacy MacAuley, Institute for Policy Studies, (202) 445-4692 mobile, lacy@ips-dc.org
Kat Gjovik, Living Economies Forum, (206) 780-0108, kat@greatturning.org
WASHINGTON
As Republicans and President Barack Obama continue to discuss solutions to the U.S. budget crisis, a new report proposes innovative solutions to unemployment and the economic crisis. The report, "How to Liberate America from Wall Street Rule," by the New Economy Working Group, proposes a revolutionary six-part agenda for ending Wall Street's disastrous hold on the economy and creating a community-based, publicly accountable money and banking system responsive to the needs and opportunities of the United States in the 21st century. (Read a blog post byDavid Korten about the report via Yes! Magazine.)
The report calls for the Federal Reserve to be restructured to limit its capacity and subject it to federal oversight and public accountability. It supports an emphasis on state-level and local banks. It proposes the creation of a new federal bank for the finance of environmentally sustainable infrastructure projects in the United States, which would receive funds from the Federal Reserve's money supply expansion activities. It makes a case for trade law that promotes domestic ownership and production. And it calls for regulatory controls that would promote investments in production and the real economy rather than the speculative market.
Dr. David C. Korten is lead author of the report. He is co-chair of the New Economy Working Group, co-founder and board chair of YES! Magazine, founder and president of the Living Economies Forum, and a founding board member of the Business Alliance for Local Living Economies (BALLE). His books include Agenda for a New Economy: From Phantom Wealth to Real Wealth, The Great Turning: From Empire to Earth Community, and the international best seller When Corporations Rule the World. He has MBA and Ph.D. degrees from the Stanford Business School. In his earlier career he served as a captain in the U.S. Air Force, a Harvard Business School professor, a Ford Foundation project specialist, and Asia regional adviser on development management to the U.S. Agency for International Development. He is a regular guest on talk radio and television and a popular speaker at conferences around the world.
DOWNLOAD a copy of the report.
Interviewees:
Dr. David C. Korten, lead author, "How to Liberate America from Wall Street Rule," liberateamerica@neweconomyworkinggroup.org
John Cavanagh, Director, Institute for Policy Studies, via lacy@ips-dc.org
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For First Time, Gallup Poll Shows Americans Sympathize More With Palestinians Than With Israelis
"From 2001 to 2025, Israelis consistently held double-digit leads in Americans’ Middle East sympathies, with the gap averaging 43 points between 2001 and 2018," Gallup reported. "However, public opinion began narrowing in 2019, several years before the Oct. 7, 2023, Hamas attack on Israel and the subsequent war in Gaza. The cumulative effect of gradual changes in US attitudes since then has led to the Israelis no longer being viewed more sympathetically."
Notably, the Gallup survey shows that "Americans of all age groups have grown more sympathetic to the Palestinians in recent years." A majority of Americans between the ages of 18 and 34 (53%) said they sympathize more with the Palestinians and 23% said they sympathize more with the Israelis, "a record low for the age group," according to Gallup.
The survey also showed a "near reversal" among Americans aged 35 to 54—with 46% now saying they sympathize more with the Palestinians—and the "narrowest gap in sympathies" Gallup has ever recorded for Americans aged 55 and older.
In terms of political affiliation, Gallup found that "Americans’ shifting sympathies in the Middle East situation this year are mostly driven by changes among political independents," who now sympathize more with the Palestinians than the Israelis by a margin of 41% to 30%.
"It is difficult to overstate the significance of this," Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft, wrote in response to the Gallup survey. "This is a key reason why Israel—and its supporters in the US—have a sense of desperate urgency when it comes to war with Iran and annexation of Palestine."
"The window for these aggressions with US support is closing," Parsi added.
The new poll also found that Americans' support for a Palestinian state is at its highest level in more than two decades as current Israeli leaders vow to prevent Palestinian statehood and ramp up their illegal annexation of territory—an effort effectively endorsed by the Trump administration.
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