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Economy-budget
Florida – Much Worse Problems Than the Oil Spill
By : Doug Hornig - Saturday August 14, 2010
Florida – Much Worse Problems Than the Oil Spill by Doug Hornig of The Casey Report Media coverage of the oil spill’s effect on the Gulf focusing on tourist income lost by the waterfront towns – with footage of empty beaches, restaurants and T-shirt shops – dominates the news. Interviews with devastated business owners are heart rending. But they always end with references to somehow hanging on until “things get back to normal.” Trouble is, things are (...)
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Second half of 2010: Sudden intensification of the global systemic crisis
By : LEAP/E2020: GEAB N°42 - Thursday August 12, 2010
Second half of 2010: Sudden intensification of the global systemic crisis – Strengthening of five fundamental negative trends Public announcement GEAB N°42 (February 16, 2010) - LEAP/E2020 is of the view that the effect of States’ spending trillions to « counteract the crisis » will have fizzled out. These vast sums had the effect of slowing down the development of the systemic global crisis for several months but, as anticipated in previous GEAB reports, this strategy will (...)
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U.S. Is Bankrupt and We Don’t Even Know It
By : Laurence Kotlikoff - Wednesday August 11, 2010
U.S. Is Bankrupt and We Don’t Even Know It: Laurence Kotlikoff By Laurence Kotlikoff - Aug 11, 2010 Aug. 11 (Bloomberg) — Laurence Kotlikoff, an economics professor at Boston University, talks about the state of the U.S. economy. Kotlikoff speaks with Erik Schatzker on Bloomberg Television’s InsideTrack." (Source: Bloomberg) Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills. What it can and must do is (...)
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NZ Aid cuts sending wrong message to Pacific - Amnesty International
By : Radio New Zealand International - Tuesday August 10, 2010
Posted at 03:54 on 09 August, 2010 UTC Amnesty International says New Zealand’s new aid policy is sending the wrong message to the Pacific. The group’s Pacific researcher Apolosi Bose says the Vanuatu Women’s Centre is one NGO facing difficulties under New Zealand’s change of direction. The centre says without the 100 thousand US dollars in annual assistance, the organisation will have to shut its doors in Luganville. “Wrong messages are being sent to the (...)
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Three Days to Revolution
By : David Glenn Cox - Monday August 9, 2010
3 comments
By David Glenn Cox Rage is born of desperation; it is incubated and nurtured by ignorance and neglect. It’s fathered by the unfeeling and uncaring, the safe and secure. Its mother is the destitute and hungry, the needy, those too easily cast off from society as mere statistics. It is a genie that once released from its bottle will summon up all the forces of hell to seek vengeance upon guilty and innocent alike. "If a modern state is to rest upon a firm foundation its citizens must (...)
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DO THEY REALLY THINK WE’RE THAT STUPID?
By : Mike Endres - Sunday August 8, 2010
DO THEY REALLY THINK WE’RE THAT STUPID? Submitted by Mike Endres on Fri, 6 Aug 2010 More Money to the Masses The Congress of the United States has now passed a new give-away program that puts money into the States pockets so they may extend unemployment benefits beyond 99 weeks. The new $37 billion give away will go to States to enable them to extend unemployment by another 26 weeks. Let’s see, that means you can suck off the borrowed Federal teat for a total of 125 weeks (...)
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Where is the financial crisis heading?
By : Prof. Dr. Eberhard Hamer - Sunday August 8, 2010
Where is the financial crisis heading? by Professor Dr Eberhard Hamer, Mittelstandsinstitut (SME Institute), Hanover, Germany The onset of the financial crisis surprised most people. And until today most people have not yet realized the importance of it. About 50 experts in my institute published a book as early as 2002 studying the question “What to do if the crash happens”? (“Was tun, wenn der Crash kommt?”), a book, which the dominant circles among bankers, (...)
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The Devaluation of the US Dollar
By : Jim Willie - Friday August 6, 2010
The Devaluation of the US Dollar by Jim Willie The need is urgent. The recognition is broad. Supply & Demand of American debt paper demand price adjustment. The USGovt avoids the topic like the plague. The billboard fact of the matter, as USCongressional politicians like to say, is that the USDollar must be take a downward revaluation of significant magnitude in order to even begin to offer a semblance of equilibrium and balance. Natural forces are aligned against those in power who (...)
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The Year America Dissolved
By : Paul Craig Roberts - Thursday August 5, 2010
The Year America Dissolved Paul Craig Roberts Prison Planet It was 2017. Clans were governing America. The first clans organized around local police forces. The conservatives’ war on crime during the late 20th century and the Bush/Obama war on terror during the first decade of the 21st century had resulted in the police becoming militarized and unaccountable. As society broke down, the police became warlords. The state police broke apart, and the officers were subsumed into the (...)
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Timeline of Financial Collapse on Wall Street On The Third Anniversary Of The Crash Of The US Economy
By : Danny Schechter - Tuesday August 3, 2010
Timeline of Financial Collapse on Wall Street On The Third Anniversary Of The Crash Of The US Economy by Danny Schechter Global Research, August 3, 2010 We live in the United States of Amnesia and selective memory. As we debate the breaking news, we easily forget the sequence of events that broke the bank and left us broke. Three years ago, when the idea of an Obama presidency was still a fantasy in polite company, a non-seismic financial earthquake began to rumble in ways we then (...)
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Alan Grayson Discusses His Expectations From The Upcoming One-Time Fed Audit
By : Tyler Durden - Tuesday August 3, 2010
Alan Grayson Discusses His Expectations From The Upcoming One-Time Fed Audit by Tyler Durden on 08/02/2010 Alan Grayson Federal Reserve Grayson Transparency Dan Rather chats with Alan "Taz" Grayson in the enclosed clip, over the opportunities that America may glean as part of the historic one-time only audit of the Federal Reserve, which passed in a watered down vote as part of the FinReg. The exact conditions and the applicable disclosure are still rather murky, although we will take (...)
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Alan Greenspan: "The Financial System Is Broke"
By : Tyler Durden - Monday August 2, 2010
Alan Greenspan: "The Financial System Is Broke" by Tyler Durden Alan Greenspan Hyperinflation Meet The Press MSNBC For the definitive confirmation that the Fed is and has always been very open to, at least philosophically, pushing the market higher no matter what the cost (if not in practice - they would never do that, oh no, Liberty 33 would never stoop so low), is this quote from former Fed chairman Alan Greenspan who was on Meet The Press earlier, where he said the following stunner: (...)
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Stagnant economic crisis in the U.S.
By : gorraiz lópez germán - Monday August 2, 2010
Strett Wall euphoria (and by extrapolation from the rest of world stock) following the results of so-called "test of stress" of financial institutions conducted by the U.S. administration and the drip of negative economic data less than the most pessimistic forecasts would have helped the overweight green shoots of the economy (up 3% of GDP by 2010 and substantial improvement in results of the Banks and Wall Strett). It would thus produced a change in market expectations, there are now (...)
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New escalation "in the Euribor?
By : Lopez Gorraiz Germán - Sunday August 1, 2010
The expected interest rate hike by the ECB for the second half of 2010, motivated by the fact that yield differentials between the public debt issues between the various first world countries have increased in recent months (as leading to more expensive and more difficult to obtain external financing) and the risk of a possible scenario of deflation, it would have an immediate impact on mortgages and bank loans, thus choking broad economic strata and a dramatic increase in delinquencies and (...)
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China Calls Our Bluff: The US is Insolvent and Faces Bankruptcy as a Pure Debtor Nation
By : Washington's Blog - Saturday July 31, 2010
China Calls Our Bluff: The US is Insolvent and Faces Bankruptcy as a Pure Debtor Nation by Washington’s Blog Global Research, July 25, 2010 Washington’s Blog - 2010-07-23 President Chavez ordered maximum alert on Venezuela’s border with Colombia after the Uribe administration made grave accusations against Venezuela claiming the Chavez government harbors terrorists and terrorist training camps The outgoing government of Alvaro Uribe in Colombia gave a shameful (...)
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The Great Bay: Chronicles of the Collapse
By : Dale Pendell - Thursday July 29, 2010
The Great Bay: Chronicles of the Collapse Dale Pendell The Old Poet had been preparing himself and his community for fifty years. When the Collapse hit they already had their own schools, wineries, mills, gardens, power, and two generations of experience. Nonetheless the Collapse was traumatic, if not on the scale of the urban disasters. This story is excerpted from the novel The Great Bay: Chronicles of the Collapse recently released by North Atlantic Books. The Old Poet died at (...)
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ECONOMIC PLAN FOR AMERICA
By : James Quinn - Sunday July 25, 2010
ECONOMIC PLAN FOR AMERICA by James Quinn on Fri, 23 Jul 2010 I’m sorry to be the bearer of bad news. There are no easy solutions. There are only painful, more painful, and really, really painful solutions. Both mainstream corrupted political parties have had the chance to put the country back on a prudent fiscal path. They have both failed miserably. One party will spend the country into oblivion and the other country will try to democratize the world with their military machine. (...)
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China Throwing World’s “Biggest Creditor Nation” Weight Around
By : Rocky Vega - Friday July 23, 2010
China Throwing World’s “Biggest Creditor Nation” Weight Around By Rocky Vega 07/22/10 Alexandria, Virgina — In a recent Financial Times interview, Guan Jianzhong, chairman of Dagong Global Credit Rating Co., lashes out with harsh words against “politicised and highly ideological” Western rating agencies. Guan insists Dagong Global ratings are superior to those of his competitors. He defends his agency’s assessment, of rating China’s debt (...)
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TO THE DECLINE OF THE GLOBAL ECONOMY
Wednesday July 21, 2010
The phenomenon of economic globalization has made all the rational elements of the economy are interrelated due to the consolidation of oligopolies, technological convergence and corporate tacit agreement so the economic crisis is global, binding, heading slowly but inexorably to its irreversible decline. To reach the sunset (which are already outlined early sketches and finish drawing the next five years), have contributed the following: Replacing the economic doctrine of Equilibrium (...)
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STOCKS AND BONDS ARE NOW HAZARDOUS TO YOUR WEALTH
By : Chris Martenson PhD - Friday July 16, 2010
STOCKS AND BONDS ARE NOW HAZARDOUS TO YOUR WEALTH Submitted by Chris Martenson PhD on Wed, 14 Jul 2010 Within the next 20 years, the most profound changes in economic history will sweep the globe. The economic chaos and turbulence that we are now experiencing are merely the opening salvos in what will prove to be a long, disruptive period of adjustment. At least that’s my theory, and careful investors owe it to themselves to hear me out. If I’m right, long-term investing 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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