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Banking crash hits Europe as ECB loses traction
The global credit crisis has slammed into Europe with stunning violence over the last two days, triggering five major bank rescues and a near total shut-down of the region’s credit markets. By Ambrose Evans-Pritchard Last Updated: 8:17PM BST 29 Sep 2008
The Dutch-Belgian bank Fortis, Britain’s Bradford and Bingley, and Iceland’s Glitnir, were all partially or fully nationalized after failing to roll-over debts in the short-term money (…)

"It’s not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
Here’s something that John McCain and Barack Obama and Sarah Palin and even longtime Washingtonian Joe Biden probably don’t know. Not to mention Bob Barr, Ralph Nader and Ron Paul, who usually knows everything.
It’s a fascinating footnote to the economic and political bailout debate that’s kept so many people from more properly focusing on the (…)

“The bailout is...economically foolish...downright sinister [and] makes a mockery of our Constitution.” - Rep. Ron Paul (R-TX)
On Sept. 29, 2008, the House of Representatives, responding to a taxpayers’ revolt, rejected the $700 billion bailout of the greedy Wall Street bankers. Meanwhile, on Sept. 23, 2008, House Speaker Nancy Pelosi was in Baltimore, MD, to give a talk at the central library hawking her book, “Know Your Power.” At that point, the Congress was still debating the bailout (…)

Gloating is not enough!
"That’s a pound business. Take a risky huge amount of money on your cap, let yourself well for the risk and if you pay so that the dodo actually go and wages should, be sure you first, your commissions on the safe side searched and secondly the government instead of your own at the expense of the rest of the population nachschießt the open items and provides you free. " Very freely after Daniel Amerman, in http://www.FinancialSense.com (on 10.9.2008). And exactly (…)

The US and global financial crisis is becoming much more severe in spite of the Treasury rescue plan. The risk of a total systemic meltdown is now as high as ever
Nouriel Roubini | Sep 29, 2008
It is obvious that the current financial crisis is becoming more severe in spite of the Treasury rescue plan (or maybe because of it as this plan it totally flawed). The severe strains in financial markets (money markets, credit markets, stock markets, CDS and derivative markets) are becoming more (…)

On Wednesday, September 24, right in the middle of the fight over billions of taxpayer dollars slated to bail out Wall Street, the House of Representatives passed a $612 billion defense authorization bill for 2009 without a murmur of public protest or any meaningful press comment at all. (The New York Times gave the matter only three short paragraphs buried in a story about another appropriations measure.)
We have the money By Chalmers Johnson Sep 30, 2008
There has been much moaning, (…)

September 29, 2008
AS ROME BURNS, HOPES FOR A WEDDING IN WHITE
John Chuckman
It is reliably reported (The Times, London) that the McCain camp is expecting a miracle, its expectations rather resembling those of a millenarianist group camping on a hillside awaiting The Second Coming.
The anticipated miracle is the shotgun marriage of Sarah Palin’s pregnant seventeen-year old and her eighteen-year old redneck (his description, not mine) boyfriend (aka, in polite Republican circles, as (…)

People’s Democracy (Weekly Organ of the Communist Party of India (Marxist) No. 38 September 28 , 2008 Editorial
THE prime minister has left on his ten-day tour of the USA and Europe (France). Apart from addressing the UN General Assembly, he is slated to meet president Bush on September 25. On the basis of official leakages, this meeting is being projected as one that will clinch the India-US nuclear deal. The prime minister, we are told, is to make a `triumphal’ return to India.
The (…)

The thruth about Pak 11-September...
View from Pakistan national
When Gen. Musharraf submitted to U.S. pressure after 9/11 and ditched the Taliban in Afghanistan, he provided air bases as well as logistics support and shared intelligence with CIA. He allowed CIA and FBI to recruit agents in FATA and other places and to establish their outposts. The focus of ISI and other agencies was shifted towards hunting and nabbing so-called terrorists all over the country, in monitoring dissident (…)

China calls for end to ’force’ against Iran
Mon, 29 Sep 2008 09:03:59 GMT
Chinese Prime Minister Wen Jiabao China has called for an end to the ’use of force’ against Tehran in a move that will further complicate the push for new anti-Iran sanctions.
Days after the US failed to convince the United Nations Security Council permanent members plus Germany to impose further sanctions against Tehran, China has urged world powers not to resort to ’force’ over Iran’s nuclear program.
"Major (…)