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Economy-budget
Fed under fire
By : Solve et Coagula - Friday April 3, 2009
Fed under fire Friday, 3 April 2009 U.S. central bank put politicians under pressure. Senate wants the number and cost of the twelve regional Fed offshoot checked. Comprehensive accounts of funds to commercial banks. The distrust of many U.S. politicians over "their" bank grows. More and more senators are calling for greater transparency. The focus of the criticism, the lending practices of the Fed. This has been one of the best-kept secrets. The only thing so far is known, is the (...)
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Video: The Crisis of Credit Visualized
By : Solve et Coagula - Thursday April 2, 2009
1 comment
Video: The Crisis of Credit Visualized The Short and Simple Story of the Credit Crisis. http://vimeo.com/3261363
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What Now, America?
By : Solve et Coagula - Thursday April 2, 2009
2 comments
What Now, America? Jill Ettinger Like most Americans, I’ve been consumed with news about the circus our financial system has become, realizing this is probably just the first act of a much bigger show. And like many, I’ll admit my extremely limited knowledge of Wall Street dealings was never much of a concern to me. Yes, I’ve read Matt Taibbi’s enlightening piece in Rolling Stone (April 2009 issue) and Jake DeSantis’ resignation letter to AIG reprinted in the (...)
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Money in Crisis
By : Solve et Coagula - Sunday March 29, 2009
Money in Crisis by Lionel Trilling Historical changes, involving unparalleled speed, scale and complexity, are reshaping our money system. Banks and financial services, under pressure from the cyber-economy, are transforming dramatically. Market innovations, such as Open Finance, make it more difficult than ever for regulators to define what a bank even is, or what money is theirs to manage. New players are vying for power and influence, both in our societies and in our monetary systems. (...)
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China Talks Tough with Call to Dump Dollar
By : Solve et Coagula - Thursday March 26, 2009
China Talks Tough with Call to Dump Dollar China’s top central banker says it’s time to replace the country’s reliance on the dollar, but such a move likely won’t happen any time soon By Dexter Roberts People’s Bank of China governor Zhou Xiaochuan. LIU JIN/AFP/Getty Images Just over one week before President Barack Obama and other world leaders meet in London for a summit focusing on the global recession, China is making clear it wants a greater say in (...)
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America Is in Need of a Moral Bailout
By : Solve et Coagula - Wednesday March 25, 2009
America Is in Need of a Moral Bailout by Chris Hedges Global Research, March 24, 2009 TruthDig In decaying societies, politics become theater. The elite, who have hollowed out the democratic system to serve the corporate state, rule through image and presentation. They express indignation at AIG bonuses and empathy with a working class they have spent the last few decades disenfranchising, and make promises to desperate families that they know will never be fulfilled. Once the spotlights (...)
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China suggests switch from dollar
By : BBC - Tuesday March 24, 2009
China’s central bank has called for a new global reserve currency run by the International Monetary Fund to replace the US dollar. Central bank governor Zhou Xiaochuan did not explicitly mention the dollar, but said the crisis showed the dangers of relying on one currency. With the world’s largest currency reserves of $2tn, China is the biggest holder of dollar assets. Its leaders have often complained about the dollar’s volatility. China has long been uneasy about (...)
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What is technocapitalism ?
By : Solve et Coagula - Thursday March 19, 2009
What is technocapitalism ? Technocapitalism is a new form of market capitalism that is rooted in technological invention and innovation. It can be considered an emerging era, now in its early stage, that is supported by such intangibles as creativity and knowledge. Intangibles are at the core of technocapitalism. Creativity and knowledge are to technocapitalism what tangible raw materials, factory labor and capital were to industrial capitalism. During industrial capitalism, tangible (...)
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USA: Record capital flight
By : Solve et Coagula - Tuesday March 17, 2009
3 comments
USA: Record capital flight Monday, 16 March 2009 Net capital outflow in January almost minus 150 billion U.S. dollars. Foreigners pull their capital from the U.S. like never before. U.S. Treasury Secretary: Burglary in demand for long-term U.S. bonds in January. Foreign investors have in January so much capital from the U.S. like never deducted. Net registered the largest economy in the world a record outflow of 148.9 billion U.S. dollars as the U.S. Treasury announced on Monday. In (...)
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The Federal Reserve is Bankrupt
By : Matthias Chang, Global Research - Tuesday March 17, 2009
3 comments
The Federal Reserve is bankrupt for all intents and purposes. The same goes for the Bank of England! This article will focus largely on the Fed, because the Fed is the "financial land-mine". How long can someone who has stepped on a landmine, remain standing – hours, days? Eventually, when he is exhausted and his legs give way, the mine will just explode! The shadow banking system has not only stepped on the land-mine, it is carrying such a heavy load (trillions of toxic wastes) (...)
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Russia welcomes Kazakh proposal for electronic single currency
By : Solve et Coagula - Saturday March 14, 2009
Russia welcomes Kazakh proposal for electronic single currency 15:51 | 14/ 03/ 2009 MOSCOW, March 14 (RIA Novosti) - The Kazakh president’s idea for a unified currency for payments between states in the Eurasian Economic Community will be examined and could go forward, Russia’s foreign minister said on Saturday. President Nursultan Nazarbayev’s suggestion would not mean replacing national currencies with an equivalent of the euro, but would create a non-cash currency (...)
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No Nation Can Long Endure Half Bankrupt
By : Daveparts - Tuesday March 3, 2009
By David Glenn Cox http://theservantsofpilate.com I take no joy in saying the things I say; I wish I could write about happy puppies loping through the warm grass in the summer sunshine. Oh, wouldn’t it be loverly? I take no pleasure in the things I see; I become angry to the point of outrage, not at the right, no, not at them, they are acting as you would expect spoiled children to act. My anger is with the left, or the lack of the left. Have we become so desensitized as a people (...)
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Would a global 10% income tax (global flat rate) help world wide economy to recover?
By : Solve et Coagula - Monday March 2, 2009
1 comment
Would a global 10% income tax (global flat rate) help world wide economy to recover? There exists 51 offshore financial centres with almost 0% income tax on planet earth: Andorra, Anguilla, Antigua and Barbuda, Aruba*, Bahamas, Bahrain, Barbados, Belize, Bermuda, British Virgin Islands*, Cayman-Islands, Jersey and Guernsey, Cook Islands, Dominica, Dubai, Gibraltar, Grenada, Hongkong**, Ireland**, Isle of Man, Jordan**, Libanon**, Liberia, Liechtenstein, Luxemburg**, Macao**, Maledives, (...)
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Will the economic crisis lead to social unrest in the UK?
By : dave_slh - Saturday February 28, 2009
2 comments
If the predictions of some economists are right and we are heading for a prolonged slump, then the answer to the question has to be yes. What is more difficult to predict is exactly how this social unrest will manifest itself and who will be the main actors. Some commentators are implying that we could see a return to the kind of disturbances that swept across the country during the early 1980s. My view is that as the UK has changed so much since the early 1980s as to be almost (...)
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Tomorrow a New World Begins
By : Daveparts - Wednesday February 25, 2009
By David Glenn Cox http://theservantsofpilate.com Tomorrow a New World begins; in this new world we are going to tell the unvarnished truth. We are not going to skim the numbers or color the facts. The unemployed are unemployed. They are not discouraged workers, they are not displaced or outsourced, they are unemployed. And they are unemployed, to a large degree, so that a small number of people can get very, very rich. We are not in a recession, repeat, we are not in a recession; we are (...)
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Eastern European bailout proposed
By : BERLIN - Tuesday February 24, 2009
Sebastian Moffett The Wall Street Journal EUROPEAN leaders called for doubling the International Monetary Fund’s war chest for bailing out financially stricken nations, amid new signs that Europe’s former Communist East is sliding into a full-blown economic crisis with worrying implications for the continent as a whole. Europe’s developing economies from Poland to Ukraine are facing their worst economic crisis since the fall of the Berlin Wall 20 years ago. Capital is (...)
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Romania can drive Austria to meltdown
By : VIENNA - Tuesday February 17, 2009
Romania can drive Austria to meltdown 17 Februarie 2009 Countries like Romania are too proud of their economic performances and overconfident that they will dodge financial crisis and this is why they showed reticence and lack of interest toward Vienna’s rescue package for banks, which can lead to a disaster, says the Austrian press. After the last week’s visit of Austrian minister of finance, Josef Pröll in Romania, Croatia, Bulgaria and Ukraine, the commentaries on the (...)
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The Birth of a Financial Engineer : Who Creates Weapons of Financial Destruction?
By : Monica Davis - Saturday February 14, 2009
They’re all over the place. Think tank bloviations on “possible terror attacks in the US.” An attack is imminent, one cries. Be prepared, warns another. While we are shaking in our boots over yet to happen attacks from foreigners, the current incarnation of weapons of financial destruction is doing real damage right now. Factories are downsizing or shutting down. Chain stores are seeking bankruptcy protection or going the way of the dinosaur. State governments are (...)
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European bank bail-out could push EU into crisis
By : Bruno Waterfield - Friday February 13, 2009
A bail-out of the toxic assets held by European banks’ could plunge the European Union into crisis, according to a confidential Brussels document. By Bruno Waterfield in Brussels “Estimates of total expected asset write-downs suggest that the budgetary costs – actual and contingent - of asset relief could be very large both in absolute terms and relative to GDP in member states,” the EC document, seen by The Daily Telegraph, cautioned. "It is essential that (...)
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Economic Fascism and the Bailout Economy
By : Solve et Coagula - Thursday February 12, 2009
Economic Fascism and the Bailout Economy by Gary North I have lived through three monumental historical events. I remember only two of them. I do not remember the dropping of the two atomic bombs in August of 1945. As symbols of scientific world transformation, this constituted the most momentous event of the 20th century. This breakthrough, so far, has not led to nuclear war, even though on several occasions, it looked as though nuclear war was a distinct possibility. Nevertheless, the (...)
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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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