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UN fears world recession
By : Einer Für Alle, Alle Für Einen - Thursday January 10, 2008
UN fears world recession January 10, 2008 07:40am THE United Nations has warned of "clear and present dangers" that the United States will take the world economy to a near standstill this year. As some of world finance’s leading analysts predict a US recession this year, the world body says America’s problems with housing credit and a weakening currency threaten to drag the world into an economic morass. In an annual report, the world body forecast global economic growth at (...)
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Plunge Protection Team Rescues Stocks
By : Rick Gagliano - Thursday January 10, 2008
Take a good look at the chart because you’re sure to see similar examples in the near future. It is a classic example of sad, clueless, old Republican money attempting to rescue the stock market from a certain death. These are largely the same people who stole the presidency in 200 and 2004 and just last night stole the New Hampshire primary for Hillary Clinton (yes, the Clintons are nothing but brutal, slow, decadent Republicans wearing Democrat’s clothes, and Hillary is far (...)
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Bush convenes Plunge Protection Team
By : Ambrose Evans-Pritchard - Wednesday January 9, 2008
Bush convenes Plunge Protection Team By Ambrose Evans-Pritchard, International Business Editor Last Updated: 12:05am GMT 08/01/2008 Bears beware. The New Deal of 2008 is in the works. The US Treasury is about to shower households with rebate cheques to head off a full-blown slump, and save the Bush presidency. On Friday, Mr Bush convened the so-called Plunge Protection Team for its first known meeting in the Oval Office. The black arts unit - officially the President’s Working (...)
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Countrywide Loses Most Since 1987 on Funding Concern
By : Jeff Kearns and Lynn Thomasson - Wednesday January 9, 2008
Countrywide Loses Most Since 1987 on Funding Concern By Jeff Kearns and Lynn Thomasson Jan. 8 (Bloomberg) — Countrywide Financial Corp. dropped the most since Black Monday in October 1987 in New York trading on speculation that it needs cash to continue operating its mortgage business. ``There’s some sort of rumor that they would go under, but it’s purely a rumor,’’ said Thomas Garcia, head of trading at Thornburg Investment Management, which oversees about (...)
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European Central Bank pumps $500 bn into banking system
By : Merinews - Sunday December 30, 2007
TO SUCCEED over the global credit crunch in aftermath of sub-prime crisis, the European Central Bank (ECB) has announced to grant a record double loan to its banks. The ECB has decided to pump 348.6 billion euros ($501.5 billion) into the banking system through its banks. Though lending to banks at 4.21% rate of interest is available only for two weeks, it is expected that the grant will boost the diminishing confidence of the bank. Ravi Kant 19 December 2007, Wednesday The sub-prime (...)
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Credit Crunch vs. Central Banks - You Lose
By : gjohnsit - Friday December 28, 2007
Credit Crunch vs. Central Banks - You Lose by gjohnsit Wed Dec 26, 2007 at 10:04:38 AM PST "If I had to be bold I’d say we began a recession in December."    - Bill Gross, Pimco Funds founder The credit crunch that started in August is threatening to bring the economies of the entire 1st world to a grinding halt.   To combat that the central banks of America and Europe are pumping cheap money into the markets at an unprecedented rate. These actions are not without (...)
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Fed: Another $20B Auctioned to Banks
By : Washington - Saturday December 22, 2007
Fed: Another $20B Auctioned to Banks Friday December 21, 11:05 am ET By Martin Crutsinger, AP Economics Writer Fed Has Auctioned Another $20B in Funds to Commercial Banks to Combat Credit Crunch WASHINGTON (AP) — The Federal Reserve, working to combat the effects of a severe credit crunch, announced Friday it had auctioned another $20 billion in funds to commercial banks at an interest rate of 4.67 percent. Fed officials pledged to continue with the auctions "for as long as (...)
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Union Group Stages Countrywide Protest in San Francisco
By : San Francisco - Thursday December 20, 2007
Labor union “Unite Here” held a protest outside Countrywide’s financial center in San Francisco today (19 dec), expanding their ongoing “Don’t Deposit at Countrywide” campaign. Protestors held signs that read “Don’t feed the bank that bites you” and passed out leaflets to passer-bys with the message, “Don’t Feed the Animals.” The group wants Countrywide to help the scores of at-risk borrowers who are already behind on (...)
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Carlyle group chief buys the Magna Carta
By : Amerikagulag - Wednesday December 19, 2007
Ironic the propigators of zionism should want a document which enshrines the Rule of Law. They probably want to erase evidence of Habeas Corpus http://www.economicsbriefing.com/20...
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Forecast: U.S. dollar could plunge 90 pct
By : dollar - Monday December 10, 2007
3 comments
Forecast: U.S. dollar could plunge 90 pct UPI – via Information Clearing House November 24, 2007 A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said. "We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008." "The bigger they are, the harder they’ll fall," he (...)
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Recession, Energy Worries Turn Americans Gloomier, Poll Finds
By : Matthew Benjamin - Wednesday December 5, 2007
4 comments
By Matthew Benjamin Dec. 5 (Bloomberg) — Confidence in the economy continues to erode, with expectations of a recession growing and a solid majority of Americans now saying the economy is doing poorly, according to a Bloomberg/Los Angeles Times survey. The growing pessimism is being driven by higher energy costs, the weakening dollar and fallout from the subprime mortgage crisis. To stem foreclosures, most Americans want the government to require lenders to freeze interest rates on (...)
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Friendless dollar is turned away at the gates of the Taj Mahal
By : Bombay - Friday November 30, 2007
Friendless dollar is turned away at the gates of the Taj Mahal Ashling O’Connor in Bombay – The Times November 20, 2007 The Taj Mahal and other top tourist sites in India are refusing to accept dollars to pay for admission, dealing another blow to the prestige of the weakened American currency. Entry tickets to the world famous Mughal tomb in Agra and about 120 sites run by the Archaeological Survey of India will be available only at a fixed rupee rate after the dollar lost (...)
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Europe Suspends Mortgage Bond Trading Between Banks
By : Esteban Duarte and Steve Rothwell - Thursday November 22, 2007
3 comments
Europe Suspends Mortgage Bond Trading Between Banks By Esteban Duarte and Steve Rothwell Nov. 21 (Bloomberg) — European banks agreed to suspend trading in the $2.8 trillion market for mortgage debt known as covered bonds to halt a slump that has closed the region’s main source of financing for home lenders. The European Covered Bond Council, an industry group that represents securities firms and borrowers, recommended banks withdraw from trades for the first time in its (...)
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Swiss Re Has $1.07 Billion Credit-Default Swaps Loss
By : Warren Giles - Monday November 19, 2007
2 comments
Swiss Re Has $1.07 Billion Credit-Default Swaps Loss By Warren Giles Nov. 19 (Bloomberg) — Swiss Reinsurance Co., the world’s biggest reinsurer, lost 1.2 billion-Swiss francs ($1.07 billion) on derivatives in October after the U.S. subprime mortgage crash roiled debt markets. Swiss Re fell the most in more than 4 1/2 years in Zurich trading after the loss, which amounts to 981 million francs after tax. Losses occurred on two credit-default swaps Swiss Re sold to protect (...)
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Federal Reserve begins war on local currencies: Banking institutions try to maintain their strangleh
By : chycho - Sunday November 18, 2007
“The first community-currency system was born in Canada in 1983. Since then the concept has spread to more than 2,000 communities across North America, South and Central America, Europe, Africa and Asia. The mechanics of these systems change to reflect individual circumstances. But the basic concept of an interest-free, community-controlled exchange medium has remained the same.” Using local currency can “stimulate the local economy by giving people incentive to shop in (...)
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OPEC leaders may discuss creation of currency basket to price crude
By : RIYADH, - Saturday November 17, 2007
OPEC leaders may discuss creation of currency basket to price crude The Associated Press Friday, November 16, 2007 RIYADH, Saudi Arabia: Leaders of the Organization of Petroleum Exporting Countries meeting this weekend in the Saudi capital are likely to discuss the possibility of creating a currency basket to price their crude, Venezuela’s oil minister said Friday. Rafael Ramirez, the minister, said the issue will come up at a closed session in the two-day OPEC summit, Dow (...)
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First Banks now Media Companies emerging in widening US financial meltdown (video)
By : corporate watch - Friday November 16, 2007
First it was the banks that were hiding subprime loans, now attention is about to focus on the media companies that were funded by those same banks. http://www.youtube.com/watch?v=RjGb...
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Ron Paul, The Federal Reserve, JFK and M3: Devaluing Americans into Bankruptcy
By : chycho - Tuesday November 13, 2007
The Comptroller General of the United States, formerly known as the General Accounting Office, which is “a legislative branch agency founded by Congress in 1921 to ensure the accountability of the federal government”, in their latest audit of the federal debt have revealed that “deficit spending and promised benefits for federal entitlement programs have put every man, woman, and child in the United States on the hook for $175,000”. This is exclusive of the personal (...)
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RALPH NADER: The Price of OIL
By : Emily - Monday November 12, 2007
2 comments
Nader.org Published on November 05, 2007 Question of the day- who and what is determining the price of oil and your gasoline and home heating bills? Don’t ask Uncle Sam, because George W. Bush and Dick Cheney are running a regime marinated in oil that does not issue reports which explain the real determinants of petroleum pricing beyond the conventional supply-demand curves. Columbia University 09/04 Photo : Joëlle Pénochet First, let us create a historical framework to provide (...)
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Bush Stumbles Bernacke Mumbles and Aqua Dots Crumble
By : Daveparts - Friday November 9, 2007
Bush Stumbles Bernacke Mumbles and Aqua Dots Crumble By David Glenn Cox This week has been a wild ride on Wall Street. On Wednesday, Wall Street struggled with bad news, lots of bad news. GM lost 39 Billion dollars in the third quarter and the Chinese economics minister in a prepared speech before the peoples party Congress stated that the Chinese would seek strong currencies over weaker ones to invest in. The announcement pushed an already slumping dollar into a free falling dollar. As (...)
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DAZIBAO
I, European citizen, won’t let refugees be rejected in my name
Thursday 10 March
©Olivier Jobard/Myop I, European citizen, won’t let refugees be rejected in my name THE RIGHT TO ASYLUM IS A RIGHT In the phrase « right to asylum », every word matters. Under the law, every person who is persecuted because of his or her political opinions or because of his or her identity, every person that is endangered by violence, war or misery has a RIGHT to seek asylum in another country The aim of this petition is to collect (...)
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Neo-Nazis and far-right protesters in Ukraine 3 live-stream
Friday 24 January
2 comments
The far-right in Ukraine are acting as the vanguard of a protest movement that is being reported as pro-democracy. The situation on the ground is not as simple as pro-EU and trade versus pro-Putin and Russian hegemony in the region. When US Senator John McCain dined with Ukraine’s opposition leaders in December, he shared a table and later a stage with the leader of the extreme far-right Svoboda party Oleh Tyahnybok. This is Oleh Tyahnybok, he has claimed a "Moscow-Jewish mafia" (...)
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Hugo Chavez is dead (video live)
Wednesday 6 March
by : Collective BELLACIAO
1 comment
President Hugo Chavez companeros venezueliano died after a long battle with cancer.
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International initiative to stop the war in Syria Yes to democracy, no to foreign intervention!
Thursday 13 December
Your support here: http://www.peaceinsyria.org/support.php We, the undersigned, who are part of an international civil society increasingly worried about the awful bloodshed of the Syrian people, are supporting a political initiative based on the results of a fact-finding mission which some of our colleagues undertook to Beirut and Damascus in September 2012. This initiative consists in calling for a delegation of highranking personalities and public figures to go to Syria in order to (...)
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THE KU KLUX KLAN ONCE AGAIN CONTROLS INDIANA
Monday 12 November
by : David R. Hoffman, Legal Editor of Pravda.Ru
7 comments
At first glance, the results of America’s 2012 election appear to be a triumph for social, racial, and economic justice and progress in the United States: California voters passed a proposition requiring the rich to shoulder their fair share of the tax burden; Two states, Colorado and Washington, legalized the recreational use of marijuana, while Massachusetts approved the use of marijuana for medical purposes; Washington and two other states, Maine and Maryland, legalized same-sex (...)
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I’VE DECIDED TO "WASTE" MY VOTE
Sunday 28 October
by : David R. Hoffman, Legal Editor of Pravda.Ru
In a 2004 episode of Comedy Central’s animated series South Park, an election was held to determine whether the new mascot for the town’s elementary school would be a “giant douche” or a “turd sandwich.” Confronted with these two equally unpalatable choices, one child, Stan Marsh, refused to vote at all, which resulted in his ostracization and subsequent banishment from the town. Although this satirical vulgarity was intended as a commentary on the two (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART IV
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART III If there is one major inconsistency in life, it is that young people who know little more than family, friends and school are suddenly, at the age of eighteen, supposed to decide what they want to do for the rest of their lives. Unfortunately, because of their limited life experiences, the illusions they have about certain occupations do not always comport to the realities. I discovered this the first time I went to college. About a year into my studies, I (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART III
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART IV Disillusioned with the machinations of so-called “traditional” colleges, I became an adjunct instructor at several “for-profit” colleges. Thanks largely to the power and pervasiveness of the Internet, “for-profit” colleges (hereinafter for-profits) have become a growing phenomenon in America. They have also been the subject of much political debate and the focus of a Frontline special entitled College Inc. Unlike traditional (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART II
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART III PART IV Several years ago, a young lady came into the college where I was teaching to inquire about a full-time instructor’s position in the sociology department. She was advised that only adjunct positions were available. Her response was, “No thanks. Once an adjunct, always an adjunct.” Her words still echo in my mind. Even as colleges and universities raise their tuition costs, they are relying more and more on adjunct instructors. Adjuncts are (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART I
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART II PART III PART IV When The Bill of Rights was added to the United States Constitution over two hundred years ago, Americans were blessed with many rights considered to be “fundamental.” One conspicuously missing, however, was the right to an education. This was not surprising given the tenor of the times. America was primarily an agrarian culture, and education, especially higher education, was viewed as a privilege reserved for the children of the rich and (...)
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ONE SOLITARY LIFE, PART TWO
Monday 30 July
by : David R. Hoffman, Legal Editor of Pravda.Ru
3 comments
If there is one universal question that haunts all human beings at some point in their lives, it is, “Why do we die?” Death, after all, is the great illogic. It ultimately claims all, the rich and the poor, the mighty and the small, the good and the evil. Death also has the capability to make most human pursuits—such as the quest for wealth, fame and power—vacuous and fleeting. Given this reality, I have often wondered why so many people are still willing to (...)
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HOW MUCH CORRUPTION CAN DEMOCRACY ENDURE?
Thursday 28 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
6 comments
How much corruption can a “democracy” endure before it ceases to be a democracy? If five venal, mendacious, duplicitous, amoral, biased and (dare I say it) satanic Supreme Court “justices”—John Roberts, Samuel Alito, Antonin Scalia, Clarence Thomas and Anthony Kennedy—have their way, America will soon find out. In several previous articles for Pravda.Ru, I have consistently warned how the Supreme Court’s 2010 Citizens United decision is one of the (...)
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DEMOCRACY IN THE HANDS OF IDIOTS, PART TWO
Tuesday 12 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
1 comment
Imagine, if you will, that the United States government passes a law banning advertisers from sponsoring commercials on Rush Limbaugh’s radio show or Rupert Murdoch’s Fox (Faux) “News” Network. On one hand, there would be two decided advantages to this ban: The National IQ would undoubtedly increase several percentage points, and manipulative pseudo-journalists would no longer be able to appeal to the basest instincts in human nature for ratings and profit while (...)
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DEMOCRACY IN THE HANDS OF IDIOTS
Thursday 7 June
by : David R. Hoffman, Pravda.Ru Legal Editor
4 comments
LIVE, from the State that brought you Senator Joseph McCarthy, Wisconsin voters now proudly present, fresh from his recall election victory, Governor Scott Walker! At first glance, it is almost unfathomable that anyone with a modicum of intelligence would have voted to retain Scott Walker as Wisconsin’s governor. This, after all, is a man who openly declared he is trying to destroy the rights of workers through a “divide and conquer” strategy; who received 61% of the (...)
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PEOPLE WITHOUT SOULS
Tuesday 13 March
by : David R. Hoffman, Legal Editor of Pravda.Ru
2 comments
A question I’ve frequently been asked since I began writing for Pravda.Ru in 2003 is, “Why did you become disillusioned with the practice of law?” This question is understandable, particularly since, in most people’s minds, being an attorney is synonymous with wealth and political power. I’ve always been reluctant to answer this question for fear it will discourage conscientious and ethical people from pursuing careers in the legal profession—a (...)
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