Contribution demanded at meeting of eurozone ministers as proposals to shore up euro also outlined
EU ministers tonight spelt out the terms of Ireland’s €85bn international financial rescue package, and revealed the Dublin government will have to raid its national pension fund and other cash reserves for €17.5bn as a condition of the deal to bail out its banks and debt-laden economy.
The unexpected contribution from Ireland was demanded at a hastily arranged meeting of the eurozone’s (…)
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Ireland must find €17.5bn from its pension fund and reserves for bailout
30 November 2010 -
Financial News: France Seizes EUR36 Billion Of Pension Assets
30 November 2010Asset managers will have the chance to get billions of euros in mandates in the next few months for the EUR36 billion Fonds de R??serve pour les Retraites (FRR), the French reserve pension fund, after the French parliament last week passed a law to use its assets to pay off the debts of France’s welfare system.
The assets have been transferred into the state’s social debt sinking fund Cades. The FRR will continue to control the assets, but as a third-party manager on behalf of Cades.
The (…) -
Video: Protest Action to Stop the Cut Off of Unemployment Benefits
30 November 2010On Monday evening, Nov. 29, 2010, a protest action was staged in Baltimore, MD, in front of the Maryland State Unemployment Office. It was sponsored by the “Job is a Right Campaign,” among other activist-oriented social justice groups.
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What was, What is, and What’s Coming Next
28 November 2010By David Glenn Cox
Hindsight is 20/20, you can look back throughout history and choose any three events and the future becomes explained. The American Revolution 1776, the French Revolution 1789, the terror 1793 – Napoleon 1799.
The American Revolution financed in part by France, helped to deplete the French treasury in what Churchill called, “the first world war.” The depleted treasury exacerbated the domestic miseries of the French people, while the idea of republicanism fired their (…) -
Iraq is a Self Cleaning Oven
28 November 2010Ours, Theirs, Civilian. It makes NO Difference.
(San Francisco) – American Expeditionary Forces in Iraq and Afghanistan use only the best weapons money can buy and American ingenuity can dream up. For twenty years that meant weaponized uranium poison gas and aerosols, a.k.a. “DU,” according to the Pentagon, weapons contractors, university weapons researchers and the political leadership of the United States.
Were they Right or Wrong? Not all military officers, experts and politicians (…) -
WARD CHURCHILL: THE LIE LIVES ON
26 November 2010Make no mistake about it: America’s so-called legal “system” is hopelessly and intransigently corrupt.
In fact, if this “system” were beholden to its own laws, it would undoubtedly be guilty of fraud, extortion, obstruction of justice and conspiracy.
Of course, this reality should be self-evident, considering that men like Clarence Thomas, Antonin Scalia, Samuel Alito, John Roberts and Anthony Kennedy preside at its summit—the United States Supreme Court.
These five so-called (…) -
Voter Empowerment - Not a New Party
24 November 2010If nothing else, the election of 2010 has taught us that a “third” political party is not the answer. Like the two existing major parties, it too would simply become another political commodity to be purchased by the corporations and wealthy elite for their own purposes, rather than serving the interests of ordinary voters. Political salvation will come when the voters of every party decide to exercise, rather than dissipate, their power.
Political parties have been around ever since the (…) -
Video: Rally at Baltimore’s City Hall for “Living Wage”
23 November 2010On Monday afternoon, Nov. 22, 2010, activists from “Baltimore CAN” staged a rally in front of City Hall demanding a “living wage” for workers. Meanwhile, inside, the City Council was preparing a final vote on a Walmart project which is set for 25th and Howard Streets. Final approval is expected. To learn more, go to: http://progressivemaryland.org/page.php?id=268
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4.6 million dead Iraqi & Afghan infants but Oz ABC wouldn’t ask Hillary Clinton "Is the price worth it?"
20 November 2010US Secretary of State Hillary Clinton recently visited Australia in November 2010 but was not asked the key question about 4.6 million post-invasion under-5 infant deaths in Occupied Iraq and Occupied Afghanistan (UN data), specifically “Is the price worth it?”
Clinton’s friend and predecessor as Secretary of State, Madeleine Albright, had been asked the same question on CBS “60 Minutes” in 1996 (when dead Iraqi children totaled “only" 0.5 million) and notoriously replied “We think the (…) -
The Great Cholesterol Deception
20 November 2010The Great Cholesterol Deception
November 17, 2010
By Dr. Peter Dingle
Millions of Australians are prescribed cholesterol-lowering drugs – statins like Pravachol®, Zocor® and Lipitor® – each year at a cost of more than $1 billion dollars with very little, if any, benefit. In the US, some 40 million people currently take statins at a cost of more than $3.00 per pill, more than $1,000 per year, totalling more than $40 billion a year. While there are many exaggerated claims and a lot of (…)