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Near-panic atmosphere as US Federal Reserve chairman testifies before Congress
By : Barry Grey - Friday November 9, 2007
1 comment
Near-panic atmosphere as US Federal Reserve chairman testifies before Congress By Barry Grey 9 November 2007 On Thursday, one day after American stock markets plummeted in the face of mounting bank losses, soaring oil prices and record lows for the US dollar, Federal Reserve Board Chairman Ben Bernanke gave a gloomy economic forecast in testimony before Congress’ Joint Economic Committee. Bernanke admitted that the US housing slump and the credit crisis resulting from soaring (...)
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Markets fear banks have $1 trillion in toxic debt
By : Sean O’Grady - Tuesday November 6, 2007
Markets fear banks have $1 trillion in toxic debt By Sean O’Grady, Economics Editor Published: 06 November 2007 A new phase in the credit crunch, one of “$1 trillion losses” seems to be dawning. The crisis at Citigroup and renewed doubts about some of the world’s leading banks disquieted stock markets on both sides of the Atlantic yesterday, with the fractious mood set to continue. The FTSE 100 fell 69.2 to 6,461.4, with Alliance & Leicester (down 4 per (...)
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Japanese pay for Iran oil in yen
By : Tehran - Monday October 29, 2007
Japanese pay for Iran oil in yen South Korea, China, Taiwan, Russia, Syria and Italy have announced plans to reduce their dollar holdings. Japanese oil refiners have started paying for Iranian crude oil in yen instead of dollars. Japan’s largest oil refiner, Nippon Oil Corp., announced the change in September; Cosmo Oil Co. and Japan Energy Corp. followed suit in October. How significant is it that more and more nations are ceasing to use the dollar to conduct international (...)
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Jim Rogers Shifts Assets Out of Dollar to Buy Yuan
By : Marcel van de Hoef and Danielle Rossingh - Wednesday October 24, 2007
1 comment
Jim Rogers Shifts Assets Out of Dollar to Buy Yuan By Marcel van de Hoef and Danielle Rossingh Oct. 24 (Bloomberg) — Jim Rogers, chairman of Beeland Interests Inc., said he is shifting all his assets out of the dollar and buying Chinese yuan because the Federal Reserve has eroded the value of the U.S. currency. ``I’m in the process of — I hope in the next few months — getting all of my assets out of U.S. dollars,’’ said Rogers, 65, who correctly (...)
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"American" Afghanistan’s Three Major Crops: Opium, Human Organs and Children
By : Jane Stillwater - Tuesday October 23, 2007
3 comments
I just heard an eyewitness account of life in Afghanistan that curdled my blood. Have you heard similar reports? "Since the American takeover of Afghanistan, the major crops there are now opium, human organs and children." What is the lowest denominator that human beings can sink to? It’s all happening in American Afghanistan. Of course we know about the secret torture chambers that American and Pakistani contractors have set up there. But do you know why they are there? "People are (...)
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GEAB N°18: Seven sequences of the impact phase of the global systemic crisis (2007-2009)
By : Einer Für Alle, Alle Für Einen - Sunday October 21, 2007
GEAB N°18: Seven sequences of the impact phase of the global systemic crisis (2007-2009) Since the existence of a global crisis has been generally acknowledged, the course of events of the impact phase of the global systemic crisis has become more accurately anticipable. The psychological factors involved as well as the possible types of actions and reactions, cast a lot of light on the upcoming processes. Today, LEAP/E2020 researchers have come to the conclusion that the impact phase of (...)
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It’s Time for the Banks to Face the Hangman
By : Mike Whitney - Friday October 19, 2007
It’s Time for the Banks to Face the Hangman by Mike Whitney October 19th, 2007 How can one defend a system that creates wealth by making the majority poor? – Henry C. K. Liu Officials in the Treasury Department — working with their colleagues at Citigroup, J.P. Morgan and Bank of America — have concocted a scheme to rescue the banks from their massive losses in mortgage-backed securities. The group is planning to set up a $100 billion emergency fund that will (...)
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PEACE PRIZE AWARDS TO WAR CRIMINALS
By : HARRY - Friday October 19, 2007
Nobel Hypocrisy By Stephen Lendman Alfred Nobel was a wealthy nineteenth century Swedish-born chemist, engineer, inventor of dynamite, armaments manufacturer and war profiteer who remade his image late in life by establishing the awarding of prizes in his name that includes the one for peace. This most noted award was inspired by his one-time secretary and peace activist, Bertha von Suttner, who was nominated four times and became the first of only 12 women to be honored. Since it was (...)
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The White House & Con[gress] Fits the Bill — Take the Tour
By : BenAMarine - Tuesday October 16, 2007
http://www.fraudaid.com/Fraud-Secre... OIL! MONEY! SECRETS! & LIES! "Heh, heh, heh, heh, heh." George W. Bush
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Amazing Video: THE LIGHTBRINGERS: The Emissaries of Jahbulon (History of Freemasonry)
By : Einer Für Alle, Alle Für Einen - Friday October 12, 2007
Amazing Video: THE LIGHTBRINGERS: The Emissaries of Jahbulon (History of Freemasonry) http://video.google.com/videoplay?d...
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BOYCOTT OF COUNTRYWIDE - ANNOUNCEMENT AND FIRST ACTIONS
By : NACA - Friday October 12, 2007
6 comments
BOYCOTT OF COUNTRYWIDE - ANNOUNCEMENT AND FIRST ACTIONS (Jamaica Plain, MA) - On Thursday October 11th at 12:00 p.m. at NACA’s headquarters (3593 Washington Street, J.P, MA), a nationwide boycott of Countrywide Financial Corporation will begin. The boycott of the nation’s leading mortgage lender is being led nationally by the Neighborhood Assistance Corporation of America (“NACA”) and locally by the Massachusetts Alliance to Stop Predatory Lenders. NACA is working (...)
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GM’s U.S. Workers Strike After Contract Talks Fail
By : Jeff Green and John Lippert - Tuesday September 25, 2007
3 comments
GM’s U.S. Workers Strike After Contract Talks Fail By Jeff Green and John Lippert Sept. 24 (Bloomberg) — General Motors Corp.’s U.S. factory employees staged their first nationwide strike in 37 years after the largest U.S. automaker failed to reach a new labor agreement with the United Auto Workers. The walkout, at 11 a.m. New York time, came 10 days after the union extended the old contract past its expiration while the two sides negotiated. The latest round of (...)
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ACORN member featured on ABC’s "World News Tonight"
By : ACORN - Sunday September 16, 2007
ACORN member featured on ABC’s "World News Tonight" As the subprime mortgage crisis threatens to displace millions of families from their homes, Bridgeport resident and ACORN member Donna Pearce described her harrowing struggle to keep her own house on a Sept. 10 episode of ABC’s "World News Tonight with Charles Gibson" (view the segment "The Mortgage Mess: Unscrupulous Lenders, Unsuspecting Borrowers"). Pearce said she makes $2,100 per month as a nanny, but New Century said (...)
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Debt storm likely to head west and engulf Japan
By : Damian Reece - Sunday September 16, 2007
1 comment
Debt storm likely to head west and engulf Japan By Damian Reece, City Editor Last Updated: 12:10am BST 16/09/2007 The global credit crisis has hit our high streets again. Having seen mortgage rates rise this week, people were left standing in Depression-era queues waiting to get their cash out of Northern Rock, now being shored up by the Bank of England. Predators circle ailing lender Northern Rock But the focus of this debt storm rolling round the world’s financial system will (...)
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Chevron Seeks Greater China Links Two Years After Unocal Tussle
By : Bloomberg, various - Wednesday September 12, 2007
Sept. 11 (Bloomberg) — Chevron Corp., the second-largest U.S. oil producer, is pursuing increased gas and exploration business in China, two years after the company won a tussle with Cnooc Ltd. for control of Unocal Corp. By Ying Lou The company will seek opportunities in exploration, deepwater drilling and natural gas output, Isikeli Taureka, president of Chevron International Exploration and Production, said in an interview in San Francisco yesterday. Oil demand in China, the (...)
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Possible U.S. economic downturn draws concern of world’s central bankers
By : James Kanter - Tuesday September 11, 2007
Possible U.S. economic downturn draws concern of world’s central bankers By James Kanter Monday, September 10, 2007 PARIS: The European Central Bank president warned Monday of "hectic behavior" in the global economy and urged central bankers to keep a close eye on the United States for signs of an economic slowdown in the wake of a credit crunch that has rocked global financial markets. "This is no time for complacency," Jean-Claude Trichet, the ECB chief, said at a gathering (...)
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Britain’s Coming Credit Crisis
By : Kerry Capell - Tuesday September 11, 2007
1 comment
Britain’s Coming Credit Crisis SPIEGEL ONLINE - September 7, 2007, 10:49 AM By Kerry Capell Steep housing prices and a dependence on financial services make its economy vulnerable. Some predict a blow to credit might even be worse — much worse — than in the US. Britain might take a major hit if the credit crisis pinches as much as some predict. Could any country be more exposed to the current credit crunch than the U.S.? You bet, and that place is Britain. Unlike (...)
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Banks face 10-day debt timebomb
By : Iain Dey, - Sunday September 9, 2007
Banks face 10-day debt timebomb By Iain Dey, Sunday Telegraph Last Updated: 12:47am BST 09/09/2007 Britain’s biggest banks could be forced to cough up as much as £70bn over the next 10 days, as the credit crisis that has seized the global financial system sparks a fresh wave of chaos. Almost 20 per cent of the short-term money market loans issued by European banks are due to mature between September 11 and September 19. Senior bankers fear that they will have to refinance almost (...)
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Global wheat prices soar to new highs
By : Daily Times - Wednesday September 5, 2007
Compared with initial forecasts of a near-record crop of up to 26 million tonnes, dry weather has shrunk expected output to 20-22 million tonnes, according to industry forecasts. reuters Friday, August 31, 2007 PARIS: European wheat futures surged on Thursday to all-time highs after an overnight rally on the US market driven by thin global supplies and heavy export demand, traders said. The Paris-based milling futures were between 7.25 and 9.25 euros higher for 2007/08 with benchmark (...)
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Heading for the Rocks - The Economist Intelligence Unit
By : Einer Für Alle, Alle Für Einen - Monday September 3, 2007
The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For 60 years it has been a source of information on business developments, economic and political trends, government regulations and corporate practice worldwide. The Economist Intelligence Unit delivers its information in four ways: through its digital portfolio, where the latest analysis is updated daily; through printed subscription products ranging (...)
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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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