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News of the Day

The Federal Reserve promises very low interest rates. Will that be enough?

Why fixing up old homes is greener than building new ones.

What the infamous Marine urination video teaches us about war and the U.S. military.

Yes, we need to relocalize - but that doesn't mean we're provincial.

FSTV Progressive Action Calendar

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January 27, 2012 11:01am
by Kevin Drum/
A few days ago Google announced a new privacy policy: If you're signed into any Google service, the information that Google collects from you can be combined with information from every other Google service to build a gigantic profile of your...Read More >>
January 26, 2012 2:49pm
by Mary Bottari/Campaign for America's Future
Thanks to Occupy Wall Street, in the State of the Union this week President Obama struck some of his most populist themes yet. He wants to tax millionaires, bring back manufacturing and prosecute the big banks. He touted his Wall Street...Read More >>
January 26, 2012 11:48am
by Larry Gross/Truthdig
Thanks to the deplorable treatment of journalists during OWS, the U.S. drops in the Press Freedom Index; turns out, it's more environmentally friendly to reuse an old building than to build a new one in its place; and a peaceful Occupy L.A....Read More >>

Photos of the Day

U.S. health regulators detained three shipments of Brazilian orange juice and six from Canada that tested positive for the fungicide carbendazim, which is illegal in the United States. Two other Brazilian juice shipments tested positive for the fungicide, but the companies decided not to import the juice into the country, the U.S. Food and Drug Administration said on Friday. REUTERS/Daniel Munoz

BSkyB chairman James Murdoch speaks at the BSkyB Annual General Meeting at the Queen Elizabeth II Conference Centre in central London November 29, 2011. Murdoch, under pressure from a phone-hacking scandal at the News of the World tabloid, is to quit the board of drug maker GlaxoSmithKline as he spends more time on his new role in the United States. REUTERS/Timothy Anderson/BSkyB/Handout

A man uses a mobile phone among advertisements of a department store in Tokyo January 27, 2012. Japan's core consumer prices fell for the third consecutive month in the year to December, and mild deflation is expected to persist this year as energy prices stabilize and worries about Europe's debt crisis suppress wage growth and economic activity. REUTERS/Toru Hanai

Debris and oil from the Deepwater Horizon drilling platform float in the Gulf of Mexico after the rig sank, off Louisiana April 22, 2010. Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean, increasing the possibility BP may have to foot the entire $42 billion clean up bill. A U.S. federal judge on Thursday said BP must uphold a clause in its contract with Transocean Ltd that would shield the Swiss-based driller from compensatory damage claims related to the 2010 disaster. REUTERS/U.S. Coast Guard/Handout

Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday due to higher commodity costs and losses in its automotive operations in Europe and Asia. Excluding one-time items, the No. 2 U.S. automaker's operating profit fell to $1.1 billion, or 20 cents per share, from nearly $1.3 billion, or 30 cents per share, a year earlier. REUTERS/Steve Marcus

Firefighter rescuers work on the cruise liner Costa Concordia, which ran aground off the west coast of Italy at Giglio island January 26, 2012. Several of Italy's consumer groups signed an agreement with Costa Cruises to offer about 11,000 euros ($14,500) to each of the more than 3,000 passengers aboard the Costa Concordia when it hit a rock and capsized near the Italian island of Giglio on January 13, a statement from the consumer groups said. The company has agreed to pay 11,000 euros for items lost and any psychological damages to each passenger who suffered no physical injuries. In addition, the cost of the cruise and all transportation will be covered. Passengers injured while abandoning the ship will be dealt with individually. REUTERS/Darrin Zammit Lupi

In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire for longer than a decade but hesitated to open a full-blown probe. As Stanford's trial began this week, one question left unanswered was: How did he keep authorities at bay for so long? A Reuters examination of his case finds that the answer lay in part in the legal advice he obtained from former SEC officials and other ex-regulators and law-enforcement officials. REUTERS/Chris Baltimore/Files

Barney Frank, a gay 16-term congressman from Massachusetts, plans to marry his partner, his office said on Thursday. Frank, 71, who announced his decision to retirement from the House of Representatives late last year, will marry partner Jim Ready in a ceremony in Massachusetts, spokesman Harry Gural said. Frank is a Democrat. REUTERS/Adam Hunger

U.S. Secretary of Defense Leon Panetta holds up a copy of the Defense Strategic Review after it was introduced by U.S. President Barack Obama (not pictured) at the Pentagon near Washington, January 5, 2012. The Pentagon unveiled budget cuts on Thursday that would slash the size of the U.S. military by eliminating thousands of jobs, mothballing ships and trimming air squadrons in an effort to shift strategic direction and reduce spending by $487 billion over a decade. The funding request, which includes painful cuts for many states, sets the stage for a new struggle between President Barack Obama's administration and Congress over how much the Pentagon should spend on national security as the country tries to curb trillion-dollar budget deficits. REUTERS/Jason Reed

The Vatican was shaken by a corruption scandal Thursday after an Italian television investigation said a former top official had been transferred against his will after complaining about irregularities in awarding contracts. The show "The Untouchables" on the respected private television network La 7 Wednesday night showed what it said were several letters that Archbishop Carlo Maria Vigano, who was then deputy-governor of Vatican City, sent to superiors, including Pope Benedict, in 2011 about the corruption. REUTERS/Alessandro Bianchi