David M. Walker, The Comptroller General of the United States and “head of the Government Accountability Office, announced Friday that he will resign in March to lead a new foundation focused on long-term public policy challenges… Walker, 56, has repeatedly warned that the government faces a long-term fiscal crisis as the baby-boom generation retires, driving up spending on Medicare, Medicaid and Social Security.”…
“As GAO chief, Walker has warned that the government is ignoring threats (...)
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America’s Top Accountant Resigns : US Comptroller General warms of US bankruptcy
16 February 2008 par (Open-Publishing)
1 comment -
How Greenpeace Cashes In on the Suffering and Death of the Great Whales
11 February 2008 par (Open-Publishing)
CounterPunch February 8 / 10, 2008
http://internationalnews.over-blog.com/article-16522127.html
The Other Whaling Industry
By Captain PAUL WATSON
On board the Sea Shepherd ship Steve Irwin.
"It does not matter what is true, it only matters what people believe is true."
— Dr. Patrick Moore, President of Greenpeace Canada 1981
As the Sea Shepherd Conservation Society struggles to borrow and raise enough funds to return to the Southern Ocean, we feel incredibly (...) -
The Financial Tsunami, Part IV by F. William ENGDAHL
8 February 2008 par (Open-Publishing)
GlobalResearch.ca
Financial Crisis: Asset Securitization— The Last Tango
Endgame: Unregulated Private Money Creation
What had emerged going into the new millennium after the 1999 repeal of Glass-Steagall was an awesome transformation of American credit markets into what was soon to become the world’s greatest unregulated private money creation machine.
The New Finance was built on an incestuous, interlocking, if informal, cartel of players, all reading from the script written by (...) -
Globalisation : n. 1 in the list of evils for contemporary education
7 February 2008 par (Open-Publishing)
I continue with another piece to expose corporate control of academia in response to the article by Angela Jancius on "Battling the Neoliberalization of University Life". In this article I highlight how globalisation attracts dangers associated with a lack of genuine educational values, quality control and regulation. I also expose some of the recent moves that new corporations have made in order to gain further control on Academia.
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It has been widely argued that globalisation is (...) -
Olmert to hold emergency meeting on dollar rates
7 February 2008 par (Open-Publishing)
1 commentOlmert to hold emergency meeting on dollar rates
Slipping dollar rate, subsequent industry losses prompt PM to call emergency meeting with finance minister, trade and labor minister, governor of the Bank of Israel and head of National Economic Council to discuss possible countermeasures
Gad Lior
Prime Minister Ehud Olmert is expected to hold an emergency meeting concerning the recent fluctuations the dollar rates, Yedioth Ahronoth reported Thursday.
Olmert has summoned Finance (...) -
Stamping out the Vintage
6 February 2008 par (Open-Publishing)
Stamping out the Vintage By David Glenn Cox
I live in Georgia and according to the economic statistics, Georgia is somewhere in the middle of the pile between, not great but not so awful, such as Michigan or California. Of course its all relative, a bad storm that shuts down the airport is terrible if however you’re stranded inside that airport then it becomes the worst storm you’ve have ever endured in your life.
I travel the city of Atlanta calling on customers, through neighborhoods (...) -
Fragile Dollar Hegemony: Iran’s Oil Bourse could Topple the Dollar
5 February 2008 par (Open-Publishing)
1 commentFragile Dollar Hegemony: Iran’s Oil Bourse could Topple the Dollar
By Mike Whitney
Global Research, February 4, 2008
Two weeks ago George Bush was sent on a mission to the Middle East to deliver a horse’s head. We all remember the disturbing scene in Francis Ford Coppola’s “The Godfather” where Lucca Brassi goes to Hollywood to convince a recalcitrant movie producer to use Don Corleone’s nephew in his next film. The “Big shot” producer is finally persuaded to hire the young actor (...) -
Double Bubble
3 February 2008 par (Open-Publishing)
By David Glenn Cox
My son is in the auto salvage business, he buys and sells wrecked Honda’s. He either strips them down for parts or rebuilds them swapping engine and transmissions from the wrecked cars into cars with blown motors. We were discussing the proposed tax rebate and I explained that since he is unmarried he will only get half the rebate that I will. He laughed and said, “Yeah but hell, I’ll be getting lots of them!”
He’s right of course, the economic stimulus will help his (...) -
The Financial Tsunami: The Financial Foundations of the American Century
29 January 2008 par (Open-Publishing)
Global Research January 16, 2008
F. William Engdahl
The ongoing and deepening global financial crisis, nominally triggered in July 2007 by an event involving a small German bank holding securitized assets backed by USA sub-prime real estate mortgages, can best be understood as an essential part of an historical process dating back to the end of the Second World War—the rise and decline of the American Century.
The American Century, proudly proclaimed by Time-Life founder and (...) -
It’s Time To Develop Community Volunteer Pools -
28 January 2008 par (Open-Publishing)
It’s Time To Develop Community Volunteer Pools -
"Foreclosures Prompt Cities to Make Plea for Aid : The United States Conference of Mayors ( usmayors.org ) As more than 250 mayors , agreed that the collapse of the subprime market had left a growing problem of vacant houses, depressed property values, tighter credit, and a need to cut services to close municipal budget gaps. "
With news like this, and many other stories threatening the possibility of a global Depression, (Based on a (...)