Michigan's new Emergency Manager Law is already forcing major concessions from unions. The law gives the governor the power to declare a city insolvent and appoint an emergency manager with virtually unlimited power to reorganize every aspect of city business, including dissolving the city entirely. The emergency manager even has the power to terminate collective bargaining agreements.

Health advocate Eesha Pandit and blogger Sady Doyle join GRITtv host Laura Flanders for a discussion of the House GOP's draconian abortion bill, H.R.3. The bill, which Speaker John Boehner (R-OH) has called a top priority, would permanently restrict federal funding for abortion, even beyond the already stringent guidelines set out in the Hyde Amendment.

Sen. Bernie Sanders (I-VT), a self-described socialist who caucuses with the Democrats, became a folk hero to progressives when he took to the floor of the Senate for nearly nine hours on Friday to speak against the plan to extend tax cuts for the wealthy in exchange for extending unemployment benefits for millions of workers and extending tax breaks for the middle class.

On the Senate floor, Sanders accused his Republican colleagues of wanting to roll back the New Deal:

Editor’s Note: Happy Thanksgiving from the Media Consortium! This week, we aren’t stopping The Audit, The Pulse, The Diaspora, or The Mulch, but we are taking a bit of a break. Expect shorter blog posts, and The Diaspora and The Mulch will be posted on Wednesday afternoon, instead of their usual Thursday and Friday postings. We’ll return to our normal schedule next week.

Welcome to the final edition of Campaign Cash, which tracked political spending during this year’s midterm elections. Stay tuned for more reporting on money in politics from members of The Media Consortium. To see more stories on campaign funding, follow the Twitter hashtag #campaigncash.

Anonymous millionaires just helped elect dozens of ultraconservative congressional candidates, by pumping millions of dollars into national Tea Party organizations. And guess what’s at the top of the legislative to-do list for those same Tea Party groups? Blocking campaign finance reform legislation.

A massive foreclosure fraud scandal is rocking the U.S. mortgage market. Wall Street banks and their lawyers are fabricating documents, forging signatures and lying to judges -- all to exploit troubled borrowers with enormous, illegal fees, and in some cases, improperly foreclose on borrowers who haven’t missed any payments.

The fraud is so widespread that it could put some big banks out of business and even spark another financial collapse. Fortunately, things haven’t fallen apart just yet. With strong leadership from President Barack Obama and Congress, the government can help keep troubled borrowers in their homes and prevent another meltdown.

One fraud begets another

Tens of thousands of Americans rallied for jobs and justice at the Lincoln Memorial in Washington, D.C. on Saturday. Organizers say that 175,000 people turned out for the One Nation Working Together rally, which was organized by labor unions, the NAACP, and other progressive groups. In an interview with GritTV’s Laura Flanders, AFL-CIO president Richard Trumka, a leader of the One Nation coalition, summed up the agenda: “Jobs, jobs, and more jobs.”

America isn’t working

Yesterday, 9th Circuit Judge Susan Bolton struck down many of the most controversial provisions in Arizona’s Senate Bill 1070, including the section requiring police to ask anyone they suspect of being undocumented for proof of citizenship. It’s a small victory. Today, a modified version of the bill goes into effect.

Although Bolton’s decision weakened the state law, several problematic provisions remain in place, including one that allows Arizona residents to sue local police for not enforcing SB 1070, as well as one that makes it a crime to knowingly transporting an undocumented immigrant under any circumstance, even in an emergency. ColorLines has a good breakdown of pending lawsuits against SB 1070.

Two critical Wall Street reforms, once declared dead by U.S. megabanks, are suddenly close to Congressional approval. As the House and Senate iron out the differences between their financial overhauls, it now appears that lawmakers are finally willing to ban banks from gambling with taxpayer money by implementing a strong Volcker Rule, and to end taxpayer subsidies for risky derivatives operations.