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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International Trade Seizing Up Due to Banking Crisis (Updated)
10 October 2008 par (Open-Publishing)
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US dropped nuclear bomb near Basra in 1991, claims veteran
9 October 2008 par (Open-Publishing)
Rome, 8 Oct. (AKI) - An American veteran of the first Gulf War in Iraq claims that the United States dropped a five-kilotonne nuclear bomb in 1991 in a deserted area outside the southern city of Basra on the Iranian border. The claim by US war veteran
A US war veteran has accused the Pentagon of launching a nuclear attack on southern Iraq in the final day of the first Persian Gulf War.
Jim Brown, a mechanic in the Army’s 10th Mountain Division at the time, told Italian state news channel (…) -
America’s Secret war in Pakistan
9 October 2008 par (Open-Publishing)
Marines with long beards and without uniforms
Posted on October 8, 2008 by Moin Ansari
There have been reports of US incursions into Pakistan. This report clearly discusses the good, the bad and the ugly
JALALABAD, Afghanistan – U.S. military officials don’t talk about our secret war in Pakistan.
Don’t even ask, I was told, on U.S. military bases in Afghanistan at Bagram and Jalalabad.
Don’t ask about the remotely-controlled American drones armed with missiles that are now (…) -
Matrix of Death
8 October 2008 par (Open-Publishing)
1 commentA new dossier on the (im)precision of US bombing and the (under)valuation of Afghan lives.
By Professor Marc W. Herold
http://www.frontlineonnet.com/stories/20081024252100400.htm -
Kashmir occupied by Indian army: Valley under siege to thwart Lal Chowk march
7 October 2008 par (Open-Publishing)
Barricades, barbed wires on roads; mobile phones jammed
KT NEWS SERVICE
SRINAGAR, OCT 6: With very strict curfew, heavy deployment of security forces, and arrest of separatist leadership, the Kashmir Coordination Committee (KCC) march to Lal Chowk was thwarted by the government today. It was government sponsored fear which ruled the entire Valley.
However, curfew was defied in some places including Maisuma, Nowhatta, Baramulla, Pulwama and Rafiabad and protests held.
Not only Lal (…) -
Iceland Risks Bankruptcy, Leader Says
7 October 2008 par (Open-Publishing)
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 an emergency law that (…) -
Interview: Arundhati Roy
7 October 2008 par (Open-Publishing)
2 commentsArundhati Roy on Obama, Bush and Kashmir
By Syed Hamad Ali
06 October 2008
The controversial author speaks to newstatesman.com about India and Kashmir plus her view that even if he’s elected Barack Obama will govern like just another white man...
Ever since she shot to global fame following her 1997 win of the Booker prize for The God of Small Things, Arundhati Roy seems to have concentrated her creative energy on raising awareness about pressing social and political issues.
This (…) -
NATO’s endangered mission in Afghanistan
7 October 2008 par (Open-Publishing)
Kashmir Watch, October 6
By Abid Mustafa*
Lately, a number of contradictory statements between Europe and America over NATO operations in Afghanistan have raised awkward questions about the longevity of NATO’s mission in Afghanistan.
Already cracks in the alliance have started to widen over the success of NATO operations.
On 6/10/2008 the "Sunday Times" quoted Brigadier Mark Carleton-Smith as saying: ”We’re not going to win this war. It’s about reducing it to a manageable level of (…) -
Financial storm hits US-allied Pakistan
7 October 2008 par (Open-Publishing)
Financial storm hits US-allied Pakistan
Tue, 07 Oct 2008 01:09:54 GMT
Karachi’s KSE100 Index has lost more than a third of its value this year and the rupee has fallen 27 percent.
Pakistan’s foreign exchange reserves have hit so low that the country can only afford one month of imports and faces possible bankruptcy.
President Asif Ali Zardari told the Wall Street Journal that Pakistan needed a bail out worth $100 billion from the international community to overcome the nation’s (…) -
US supports Taliban return to power
7 October 2008 par (Open-Publishing)
By Anwar Iqbal
Source: "The Dawn"
WASHINGTON, Oct 6: The United States said on Monday it’s “very supportive” of an Afghan reconciliation effort that could bring the Taliban back into the government in Kabul after severing their ties with Al Qaeda.
A CNN report claimed that the Taliban had already agreed to dump Al Qaeda, a militant group the United States blames for sponsoring the Sept. 11 terrorist attacks on the United States.
“We’re very supportive of an Afghan reconciliation (…)