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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    south dakota

    Republican presidential nominee and former U.S. President Donald Trump speaks at a rally

    Trump Gives 'Unbelievably Bad' Answer When Voter Asks How He'll Help Working People

    "'Drill, baby drill' doesn't help people with housing needs," said one economic justice advocate. "We need living wages and investment in affordable housing."

    Julia Conley
    Aug 08, 2024

    Given a chance on Wednesday to speak directly to a voter about how his policies would materially help working families to afford housing and other essentials, Republican presidential candidate Donald Trump instead repeated some of his favorite evidence-free attack lines—leaving the voter mainly with promises to "drill, baby, drill" and to get China "to behave properly."

    Featured in a "Fox & Friends" segment on Fox News in which the former president called in, the vote explained at the Sturgis Motorcycle Rally in South Dakota that he has regularly been helping five of his eight children financially, as they are "struggling" to afford necessities.

    Keep ReadingShow Less
    china
    donald-trump
    Sad trader on stock market floor

    How to Diffuse the Derivatives Time Bomb

    Current laws allow the big international banks to run the largest derivatives casino that the world has ever seen.

    Ellen Brown
    Feb 18, 2024

    This is a sequel to a Jan. 15 article titled “Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?”, discussing the threat of a 2024 “black swan” event that could pop the derivatives bubble. That bubble is now over 10 times the gross domestic product of the world and is so interconnected and fragile that an unanticipated crisis could trigger the collapse not just of the bubble but of the economy. To avoid that result, in the event of the bankruptcy of a major financial institution, derivative claimants are put first in line to grab the assets—not just the deposits of customers but their stocks and bonds. This is made possible by the Uniform Commercial Code, under which all assets held by brokers, banks, and “central clearing parties” have been “dematerialized” into fungible pools and are held in “street name.”

    This article will consider several proposed alternatives for diffusing what Warren Buffett called a time bomb waiting to go off. That sort of bomb just detonated in the Chinese stock market, contributing to its fall; and the result could be much worse in the U.S., where the stock market plays a much larger role in the economy.

    Keep ReadingShow Less
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    wall-street
    Campaigners gather to protest a carbon capture pipeline

    Climate Campaigners Celebrate Cancellation of Multistate Carbon Capture Pipeline

    "Cause of death: citizen activism informed by science."

    Julia Conley
    Oct 20, 2023

    Climate action advocates and scientists joined residents of five Midwestern states in applauding Friday after a Nebraska firm canceled plans to build a carbon pipeline, following outcry from the public and opponents of "dangerous, wasteful" carbon capture schemes.

    Navigator CO2 Ventures said it was abandoning plans to build the $3.5 billion, 1,300-mile Heartland Greenway pipeline project—whose backers included investment firm BlackRock and Valero Energy—after South Dakota regulators denied a permit.

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    carbon-capture
    Wounded Knee occupation 1973

    50 Years On, Legacy of Wounded Knee Uprising Lives in Indigenous Resistance

    "We're not the subjugated and disenfranchised people that we were," said one Ponca elder who took part in the 1973 revolt. "Wounded Knee was an important beginning of that."

    Brett Wilkins
    Feb 27, 2023

    As many Native Americans on Monday marked the 50th anniversary of the militant occupation of Wounded Knee, South Dakota, participants in the 1973 uprising and other activists linked the deadly revolt to modern-day Indigenous resistance, from Standing Rock to the #LandBack movement.

    On February 27, 1973 around 300 Oglala Lakota and members of the American Indian Movement (AIM), seething from centuries of injustices ranging from genocide to leniency for whites who committed crimes against Indians, occupied the hamlet of Wounded Knee on the Pine Ridge Reservation for more than two months. The uprising occurred during a period of increased Native American militancy and the rise of AIM, which first drew international attention in 1969 with the 19-month occupation of Alcatraz Island in San Francisco Bay.

    Keep ReadingShow Less
    american indian movement

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