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Food Crisis, the World Bank and IMF (video, 4mn)
By : Emily - Friday April 25, 2008
Viewpoint - Food Crisis The spate of food riots seen across the developing world in recent months lays bare the fragility of globalisation and is an indictment on the World Bank and IMF and their dogmatic free market liberalisation agenda. vidéo: http://internationalnews.over-blog....
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Lawmakers Heavily Invested in Military Industrial Complex
By : follow the money - Saturday April 5, 2008
Published on Friday, April 04, 2008. Source: Associated Press WASHINGTON (AP) — Members of Congress have as much as $196 million collectively invested in companies doing business with the Defense Department, earning millions since the onset of the Iraq war, according to a study by a nonpartisan research group. Not all the companies in which lawmakers invested are typical defense contractors. Corporations such as PepsiCo, IBM, Microsoft and Johnson & Johnson have at one point (...)
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USA 2008: The Great Depression
By : NEW YORK - Tuesday April 1, 2008
USA 2008: The Great Depression Food stamps are the symbol of poverty in the US. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive – a sure sign the world’s richest country faces economic crisis By David Usborne in New York Tuesday, 1 April 2008 We knew things were bad on Wall Street, but on Main Street it may be worse. Startling official statistics show that as a new economic recession stalks the United States, a record number (...)
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Alan Greenspan at the Feds : A Disaster for America
By : William Hughes - Saturday March 29, 2008
“Alan Greenspan had a ‘calming’ influence...on Wall Street!” - Sen. Hillary Clinton (D-NY), a wannabe President of the U.S. How did Alan Greenspan ever get appointed to the chair of the prestigious Federal Reserve? This is the same guy who told a federal regulator, in 1984, not to worry about the Saving & Loan Industry. This was just before “15 of the 17 thrifts,” he said were sound, went under. That fiasco cost the taxpayers a whopping “$3 (...)
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BEAR STEARNS PROTEST WEDNESDAY: THE PRESS RELEASE
By : NACA - Wednesday March 26, 2008
9 comments
BEAR STEARNS PROTEST WEDNESDAY: THE PRESS RELEASE HOMEOWNERS DEMONSTRATE AGAINST TAXPAYER BAILOUT OF WALL STREET WHILE THE GOVERNMENT ABANDONS AT-RISK HOMEOWNERS (Jamaica Plain, MA) On Wednesday March 26th at 12:00 noon in front of JPMorgan Chase and Bear Stearns corporate offices at 47th and Park Avenue, hundreds of homeowners will take to the streets of New York. The demonstration organized by the Neighborhood Assistance Corporation of America (NACA) will protest the taxpayer bailout (...)
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Credit crunch ’at $1.2 trillion’
By : BBC NEWS - Wednesday March 26, 2008
1 comment
Credit crunch ’at $1.2 trillion’ The credit crunch will globally cost $1.2 trillion (£600bn) according to a report from the bank Goldman Sachs. The report says 40%, or $460bn, of those losses will hit US banks, brokerages and other institutions. Goldman estimates that US financial firms have already reported losses of $120bn since the credit crunch began. Banks made huge losses on investments backed by US mortgages. That is now hampering their ability to loan money, which (...)
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How To Save Homeowners And Banks From The Mortgage Mess On The Cheap
By : Dan Stafford - Wednesday March 19, 2008
How To Save Homeowners And Banks From The Mortgage Mess On The Cheap By Daniel A. Stafford 03/19/2008 The simplest answer is to move stressed home owners "down market." For example: Joe Doe owns a $400k house. His payments are $2800.00 per month including tax and insurance escrow, as he only has five percent equity in the house. Joe Doe has an ARM that is going to start floating its interest rate against a foreign exchange rate in six months. Joe’s house is now worth $375k due to (...)
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Global Elites Gone Bonkers
By : No To Debt Salvery - Tuesday March 18, 2008
1 comment
Ever heard of the wolf in sheep clothing? Bill Gross, manager of the world’s largest bond mutual fund, sums it up like this: it is ’Frankensteinian’ levered body of shadow banks promoting a chain letter, pyramid scheme of leverage’ in his January newsletter... The Transparency Black Hole And The bailout Game_ Last January the Davos elites (’they’) gathered again to discuss the possible options as the world economy and the fabric of societies (...)
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NewWorldOrder is Unconstitutional via Section 8 of USA Constitution
By : RIP - TheFed+NWOisDOA - 1913-2008 - Tuesday March 18, 2008
2 comments
The basis of all modern slavery is economics of money supply and control. All problems today in terms of war / employment / tax structure / and human suffering according to resource cost and control emminate from the world wide and especially in the USA private control of the money supply and it’s illegal regulation as a private corporation not operating under direct congressional control. In fact the US constitution in section 8 states that congress (only), not a agent, sub (...)
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Fed Cuts Discount Rate, Expands Loans to Avert Crisis
By : Discount Rate - Monday March 17, 2008
Fed Cuts Discount Rate, Expands Loans to Avert Crisis By Scott Lanman and Craig Torres March 17 (Bloomberg) — The Federal Reserve, struggling to prevent a meltdown in financial markets, cut the rate on direct loans to banks and became lender of last resort to the biggest dealers in U.S. government bonds. In its first weekend emergency action in almost three decades, the central bank lowered the so-called discount rate by a quarter of a percentage point to 3.25 percent. The Fed (...)
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Wall Street fears for next Great Depression
By : Business - Sunday March 16, 2008
Wall Street fears for next Great Depression By Margareta Pagano, Business Editor Sunday, 16 March 2008 Wall Street is bracing itself for another week of roller-coaster trading after more than $300bn (£150bn) was wiped off the US equity markets on Friday following the emergency funding package put together by the Federal Reserve and JPMorgan Chase to rescue Bear Stearns. One UK economist warned that the world is now close to a 1930s-like Great Depression, while New York traders said (...)
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House seeks debt limit increase to $10.2 trillion
By : WASHINGTON - Sunday March 16, 2008
1 comment
House seeks debt limit increase to $10.2 trillion Fri Mar 14, 2008 6:45pm EDT WASHINGTON (Reuters) - The government’s debt limit would be raised to $10.2 trillion under a budget plan for next year approved by the U.S. House of Representatives. The House’s fiscal 2009 budget, which passed on Thursday, would increase U.S. borrowing authority by $385 billion from the current limit of $9.815 trillion, according to the House Budget Committee. The Senate on Friday passed its own (...)
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Venezuela requires Euros for some oil contracts
By : CARACAS - Saturday March 15, 2008
1 comment
Venezuela requires Euros for some oil contracts Fri Mar 14, 2008 1:30pm EDT CARACAS, March 14 (Reuters) - Venezuela is requiring payments in euros on some contracts for crude, oil product and spot sales, Energy Minister Rafael Ramirez told Reuters on Friday. The move to have some of its contracts in euros is a sign OPEC-member Venezuela could be easing away from the plummeting dollar — the standard currency for the oil industry. The South American producer had no set target for (...)
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Irish banks may need life-support as property prices crash
By : Dublin - Saturday March 15, 2008
Irish banks may need life-support as property prices crash Last Updated: 1:02am GMT 13/03/2008 The Dublin government appears to be almost powerless to prevent a severe downturn. Ambrose Evans-Pritchard reports The Irish banking system faces acute strains and may require a phase of temporary nationalisation as the property slump leads to a wave of defaults, according to a leading Irish economist. Morgan Kelly, of University College Dublin, said the government is almost powerless to stop (...)
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Oh, That Trillion Dollar Financial Bubble, It’s Leaking!
By : William Hughes - Thursday March 6, 2008
2 comments
“Credit is the air that financial markets breathe, and when the air is poisoned, there’s no place to hide.” - Charles R. Morris (...)
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Pétition : Oppose ExxonMobil action against Venezuela
By : Internationalnews - Friday February 29, 2008
Venuela Information center Sign on line : http://vicuk.org Pétition: Join with leading figures opposed to ExxonMobil action against Venezuela In a letter published in the Guardian (28 Feb), over 50 prominent figures representing a wide section of British society have signed a statement, organised by the Venezuela Information Centre, raising concern over legal action taken by oil giant ExxonMobil to prevent the Venezuelan government from exercising its right to control its natural (...)
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The Implications of the opening of Iran’s Oil Bourse : End of American Empire
By : chycho - Tuesday February 19, 2008
2 comments
On Sunday 17 February 2008 the first phase of Iran’s oil and petrochemical bourse in Kish Island was inaugurated, paving the way for “all major currencies of the world” to be used in future oil transactions. To understand the significance of this event, let’s take a look back at our history, starting with World War I. The following short video (2:08) recaps the events that resulted in Britain landing troops in Iran in 1914, and consequently occupying Iraq. A more (...)
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The Jewel in the Crown
By : Daveparts - Tuesday February 19, 2008
The Jewel in the Crown By David Glenn Cox According to the Wall Street pundits, a stock market correction is anytime that the market goes down 10%. Since October we’ve had two corrections and have started on a third. The Wall Street Journal reports that 8 billion dollars have fled from US stock investment portfolios. In finance all good things are bad things and all bad things are good things. The escaping capital has reduced the volatility of the market, like when the big winner (...)
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America’s Top Accountant Resigns : US Comptroller General warms of US bankruptcy
By : chycho - Saturday February 16, 2008
1 comment
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 (...)
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US subprime crisis costs global 7.7 trillion dollars: bank
By : Bank - Friday February 15, 2008
US subprime crisis costs global 7.7 trillion dollars: bank Feb 14 04:20 PM US/Eastern The meltdown in the US subprime real-estate market has led to a global loss of 7.7 trillion dollars in stock-market value since October, a report by Bank of America showed Thursday. The crisis, which has spread beyond US shores to banks and other sectors worldwide, is "one of the most vicious in financial history," according to Bank of America chief market strategist Joseph Quinlan. Quinlan said in (...)
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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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