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Death of the American Empire: America is self-destructing & bringing the rest of the world down with it
By : Solve et Coagula - Friday October 31, 2008
Death of the American Empire: America is self-destructing & bringing the rest of the world down with it By Tanya Cariina Hsu Global Research, October 23, 2008 I believe that banking institutions are more dangerous to our liberties than standing armies. (Thomas Jefferson, US President; 1743 - 1826) America is dying. It is self-destructing and bringing the rest of the world down with it. Often referred to as a sub-prime mortgage collapse, this obfuscates the real reason. By (...)
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Banks to Continue Paying Dividends
By : Binyamin Appelbaum - Thursday October 30, 2008
1 comment
By Binyamin Appelbaum U.S. banks getting more than $163 billion from the Treasury Department for new lending are on pace to pay more than half of that sum to their shareholders, with government permission, over the next three years. The government said it was giving banks more money so they could make more loans. Dollars paid to shareholders don’t serve that purpose, but Treasury officials say that suspending quarterly dividend payments would have deterred banks from participating (...)
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Video: Why the U.S. Economy is Going to Get Much Worse
By : Solve et Coagula - Wednesday October 29, 2008
Find out the shocking truth about who really caused the U.S. financial crisis. read :
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The “dirty little secret” of the US bank bailout
By : Solve et Coagula - Wednesday October 29, 2008
The “dirty little secret” of the US bank bailout 27 October 2008 In an unusually frank article published in Saturday’s New York Times, the newspaper’s economic columnist, Joe Nocera, reveals what he calls "the dirty little secret of the banking industry"—namely, that "it has no intention of using the [government bailout] money to make new loans." As Nocera explains, the plan announced October 13 by Treasury Secretary Henry Paulson to hand over $250 billion (...)
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Financial Crisis: Jean Ziegler calls "Nuremberg Trials" for bankers
By : Solve et Coagula - Tuesday October 28, 2008
Financial Crisis: Jean Ziegler calls "Nuremberg Trials" for bankers Claudio Habicht The controversial Geneva sociologist provides again for sedition. He hopes that those responsible for the crisis before an international court. The Geneva sociologist and former SP is a member of the National Advisory Board of the UN Human Rights Council. Actually, there should be an interview about his new book, which is the growing hatred of the Third World to the West theme. But Jean Ziegler can be in (...)
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How the masters of the universe outsmarted themselves
Monday October 27, 2008
How the masters of the universe outsmarted themselves Online Journal Oct 21, 2008, 10:23 How the masters of the universe outsmarted themselves, but don’t count them out yet By Chronis Polychroniou Online Journal Contributing WriterBy Ralph Nader Wall Streer Protest Oct 16th Photo: Joëlle Pénochet Even though it probably has deeper and more structural causes associated with it, perhaps due to over-accumulation, to use an old-fashioned Marxist economic term, the September-October (...)
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Democracy and militarism (Howard Zinn Interview, Oct 2008)
By : Emily - Sunday October 26, 2008
Howard Zinn: The financial and war crisis have created an opportunity for real change Source : southendpress.org http://internationalnews.over-blog....
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Tony Benn: What went wrong in the capitalist casino?
Wednesday October 22, 2008
Friday, October 17th, 2008 Rinf.com These words are from the 1945 Labour manifesto Let Us Face The Future which brilliantly identified the very same crisis which is now described as a “credit crunch” as if it were a mere hiccup in an otherwise wonderful neo-liberal globalised world which could be corrected with a vast subsidy from the taxpayers to put the Wall Street casino and its partners worldwide back into profit. It reminded me of the fact that when slavery was abolished (...)
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The Financial Meltdown: This Time Is Different
By : Harry - Wednesday October 22, 2008
By Stephen Lendman Global Research, October 22, 2008 Whatever we know about today’s financial crisis. Think we know. Eventually will know in the fullness of time. This time is really different. In 1922, Henry Ford put it this way in his book titled "My Life and Work:" "The (economy’s) primary functions are agriculture, manufacture, and transportation. Community life is impossible without them. They hold the world together....The great delusion is that one may change the (...)
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Wanted: a new financial order
By : Globe and Mail - Saturday October 18, 2008
Brown, Merkel, and Sarkozy propose a Bretton Woods II to be held in New York sometime after November 4. DOUG SAUNDERS From Saturday’s Globe and Mail October 18, 2008 at 12:05 AM EDT BRUSSELS — A week ago, French President Nicolas Sarkozy and German Chancellor Angela Merkel found themselves strolling together through the cobble-stoned streets of Colombey-les-Deux-Églises, a tiny village in the northeast of France, where they were attending a war-memorial ceremony. The town (...)
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Inside the Financial Tsunami: What Brought It On?
By : Arjun Sen - Saturday October 11, 2008
2 comments
The financial tsunami now inundating global economies and markets was brought on by imprudent easing of US lending norms and extreme over-leveraging by giant US investment banks, analysts say. The dotcom bubble burst in 2000 and the collapse of the World Trade Centre, a mighty symbol of US economic and financial prowess in 2001, made Alan Greenspan, the then chief of the US banking regulator, the Federal Reserve, believe that a US recession was a certainty and it had to be staved off. His (...)
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Its time for the bankrupt G7-cabal to ask for a pimped up G10 Meeting including the rich BRIC countries
By : Solve et Coagula - Saturday October 11, 2008
How can the cause of the global financial crash, the bankrupt G7-US-vassal-states, want to credibly assure the global financial problem to be solved? The global investor confidence can only be reclaimed if solvent countries such as Russia (repaid its total foreign debt recently) and heavy weights such as China, India and Brazil, in the negotiations carried out. A global problem can only be solved globally. The sooner this, the arrogant Western high finance recognizes, the better for all (...)
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International Trade Seizing Up Due to Banking Crisis (Updated)
By : Solve et Coagula - Friday October 10, 2008
International Trade Seizing Up Due to Banking Crisis (Updated) I have been more than a tad concerned about near-paralysis in the money markets and imploding equity prices. But this e-mail, from a well connected international investor not prone to alarm or (normally) the use of capital letters says that the banking crisis is staring to bring international shipping to a halt. By way of background, letters of credit of various sorts are essential for trade. For instance, imagine the (...)
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PANIC DECLARED Empty store shelves, gas pumps, ATMs ahead.
By : Clayton Hallmark - Thursday October 9, 2008
Who am I to declare a panic? Don’t worry about that yet; just stock up on a little cash and canned goods. When everything the feds do JUST MAKES THINGS WORSE — we are in a panic. Not just grandpa’s Depression, but a good old-fashioned running-scared panic when the shelves go bare (you can see it sporadically in some Targets now) because the stores or their venders run short on ready cash. A panic is a time when people hoard things and wait to be rewarded with lower (...)
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After Bailout, AIG Executives Head to Resort
By : Peter Whoriskey - Thursday October 9, 2008
by Peter Whoriskey Less than a week after the federal government offered an $85 billion bailout to insurance giant AIG, the company held a week-long retreat for its executives at the luxury St. Regis Resort in Monarch Beach, Calif., running up a tab of $440,000, Rep. Henry Waxman (D-Calif.) said today at the the opening of a House committee hearing about the near-failure of the insurance giant. Showing a photograph of the resort, Waxman said the executives spent $200,000 for rooms, (...)
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BAILOUT: America’s Financial Ruin
By : Solve et Coagula - Wednesday October 8, 2008
BAILOUT: America’s Financial Ruin By Patrick Wood, Editor October 6, 2008 When push came to shove, Humpty Dumpty discovered the shortest distance to the cobblestones below: straight down. Being quite dead, Humpty’s body is stinking up the whole neighborhood. The eyewitnesses call it murder. The coroner, bypassing the eyewitnesses, rules it an accident. The public clamors for taxpayer funds to clean up the mess. Congress passes a bill for superglue to be liberally applied to (...)
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First Blood : Broke after Wall Street crash, desi kills family, self
By : Malik - Wednesday October 8, 2008
S Rajagopalan | Washington An unemployed Indian American financial manager gunned down five members of his family and took his own life - after seeing his fortune wiped out by the stock market collapse. Karthik Rajaram, 45, an MBA in finance who had worked for top accounting firms and was part-owner of a financial holding company, shot his wife, three children and mother-in-law in the head before turning the gun on himself in their gated community home in Los Angeles last weekend. He left (...)
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Betrayed by the bailout: The death of democracy
By : Emily - Tuesday October 7, 2008
Online Journal Oct 6, 2008 By William John Cox Online Journal Contributing Writer On Friday, October 3, 2008, the American people were betrayed by those whom they had elected to represent them. The members of Congress who voted for the Wall Street “bailout” violated their oath of office to “support and defend the Constitution” . . .”that I will bear true faith and allegiance to the same” . . .”and that I will well and faithfully discharge the (...)
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Bail Out The Homeowners! By Paul Craig Roberts
By : Emily - Tuesday October 7, 2008
Counterpunch 04 October, 2008 I s the Paulson bailout itself as big a fraud as the leveraged subprime mortgages? Yesterday, here on CounterPunch , I discussed the bailout as proposed and noted that the proposal cannot succeed if it impairs the US Treasury’s credit standing and/or the combination of mark-to-market and short-selling permits short-sellers to prosper by driving more financial institutions into bankruptcy. A reader’s comment and an article by Yale professors (...)
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Iceland Risks Bankruptcy, Leader Says
By : Solve et Coagula - Tuesday October 7, 2008
Iceland Risks Bankruptcy, Leader Says By CHARLES FORELLE REYKJAVÍK, Iceland — Saying Iceland was at risk of "national bankruptcy," Prime Minister Geir Haarde prepared to give regulators authority to take over the nation’s ailing banks as a worsening financial crisis all but cut off the island from the global financial system. Credit lines to Iceland’s banks closed down Monday, Mr. Haarde said in a televised address. Late Monday, Iceland’s parliament was voting on (...)
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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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