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PARIS, THE NEW NORMAL? — Diana Johnstone files an in-depth report from Paris on the political reaction to the Charlie Hebdo shootings; The Treachery of the Black Political Class: Margaret Kimberley charts the rise and fall of the Congressional Black Caucus; The New Great Game: Pepe Escobar assays the game-changing new alliance between Russia and Turkey; Will the Frackers Go Bust? Joshua Frank reports on how the collapse of global oil prices might spell the end of the fracking frenzy in the Bakken Shale; The Future of the Giraffe: Ecologist Monica Bond reports from Tanzania on the frantic efforts to save one of the world’s most iconic species. Plus: Jeffrey St. Clair on Satire in the Service of Power; Chris Floyd on the Age of Terrorism and Absurdity; Mike Whitney on the Drop Dead Fed; John Wight on the rampant racism of Clint Eastwood’s “American Sniper;” John Walsh on Hillary Clinton and Lee Ballinger on the Gift of Anger.
Larry Summers' Says Goodbye to All That

Running for the Exits

by LAURA FLANDERS

The Internet was all a-Twitter when news broke that Larry Summers, director of the National Economic Council, will step down by the end of the year.

Summers — ring a bell? Maybe you remember his comments as president of Harvard that gender skewed admissions numbers might be explained by female frailty in the area of math and science. Or perhaps you remember his role, chasing away Brooksley Born, chair of the Commodities Futures Trading Commission (CTFC) in order to push through Clinton’s deregulations—you know, the ones that helped lead to the current crash.

Mary Bottari over at Banksters already found an upside for Summers: “Just think of the reception he will receive when he returns to Wall Street! Never have so many financiers been made so rich because of the actions of one man.”

Sure enough, in addition to returning to his well-paid position at Harvard, Summers will no doubt return to his lucrative career as a public speaker—he took in $2.7 million in speaking fees the year before joining the administration. Or to his hedge fund where he earned $5.2 million a year for a one-day-a-week job before heading to Washington.

Two other top Obama economic advisers already left—Peter Orzsag and Christina Romer—and Time is now reporting that Rahm Emanuel may be on his way out as well. Are they—pardon the expression—rats leaving a sinking ship? Or is their dread work simply done?

Some hope that the Administration is turning in a new direction, toward a second tier of advisers who might be more progressive…

Don’t bet on it. The Washington Post reports that the White House is considering trying to “blunt criticism” that they have been “anti-business.”

The Devil we know certainly has friends.

Time for other voices to be raised, loud, fast.