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Economic Warfare? Europe versus Wall Street
(March 10) Wall Streets is headed toward international pariah status thanks to two recent actions by the European Union (EU).
On Tuesday, the EU announced that it was banning Wall Street banks from the lucrative government bond business in Europe. They didn't express official concern or fire off a warning shot. They simply banned Wall Street from financing government bond deals like the one Goldman Sachs sold to Greece. The Guardian pointed out that Wall Street bond business from European governments has gone down over the last two years. Now the business is gone period. In effect, the EU has labeled Wall Streets business tactics as too dangerous for their governments to handle.
Then on Wednesday, the President of the European Commission said that the EU was considering a ban on government debt speculation through Credit Default Swaps (CDS) President José Manuel Barroso announced that, "the Commission will examine closely the relevance of banning purely speculative naked sales on Credit Default Swaps of sovereign debt." While not an outright ban, the threat of banning CDS on national debt would be a major loss for the world's financial speculators, particularly those in the United States and Great Britain.
The Business of Water: Privatizing An Essential Resource
by Stephen Lendman
In her 2002 book titled, "Water Wars," noted author, social activist, and ecologist Vandana Shiva called privatizing water:
-- ecological terrorism;
-- a global water crisis;
-- along with overuse, waste and pollution, it can cause "the most pervasive, most severe, and most invisible dimension of the ecological devastation of the earth;"
Russia, Azerbaijan/Armenia: All roads lead to the Caucasus
Eric Walberg
Georgia is eager for another war, but there are other fires there which refuse to die -- Russia’s battles with terrorism and separatists and Azerbaijan’s bleeding wound in ethnic Armenian Nagorno Karabakh, notes Eric Walberg
The Russian Federation republics of Chechnya, Dagestan, North Ossetia and Ingushetia have experienced a sharp increase in assassinations and terrorist bombings in the past few years which have reached into the heart of Russia itself, most spectacularly with the bombing of the Moscow-Leningrad express train in January that killed 26.
The Fugitive Humanity of City Spaces
Jeremy Seabrook
The word slum has come in for much criticism recently, and rightly so. It is a concept borrowed from the streets of 19th century Britain; the word assumes that the same serene improvement to urban landscapes witnessed in this country will eventually extend to the places of savage destitution which are to be found all over the 'developing world'. (This is another foolish term - all societies are developing; we should beware of the determinist implications of the word 'developed').
Poverty, like the sites in which it is to be found, is not static. Constantly mutating, evolving, new privations are created out of the very ways in which old ones are supposed to have been answered. Indeed, it is the dynamic, protean nature of urban poverty that makes it difficult to capture. This leads many observers, when they confront the world's spreading cities, into apocalyptic denunciations of terminal and lawless urban ruin. Mike Davis's splendid polemic, Planet of Slums, is perhaps the best known – and by far the best written – of these prophets of the evils of an incontinent urbanization. This is part of a long tradition, which goes back at least to the sulphurous evocations of Engels. Much of the United Nations' work on urbanization falls into this pattern, although naturally, it is couched in more prudent and diplomatic terms than the denunciations of Engels. The UN has, for at least thirty years, consistently overestimated projections of urban populations; in the 1980s it foresaw cities of 25 million or more inhabitants, while its recent Challenge of Slums report anticipated a doubling of slum populations within a couple of decades.
First Iceland, then the World
First Iceland, then the World
The public is angry. Why should the public pay for the bankers mistakes. Iceland blogger Halldor Sigurdsson
Who cleans up the mess when ignorant, greedy bankers rack up massive debt then go broke? The people of Iceland made a strong statement Saturday. The sins of big bankers and government regulators shouldn't fall on the citizens. By a 93% to 2% margin, they voted down a proposal requiring them to cover bad debt incurred by one of the nation’s oldest and largest banks. Covering the debt would have cost Iceland's 317,000 citizens around $17,000 each.
Iceland's national referendum was the first opportunity for the people of any nation to vote directly on who pays when the financial elite fail.
As citizens voted, Iceland's Prime Minister was dismissing the importance of the vote and promising to negotiate a payment scheme obligating citizen subsidies for bad debt created by Iceland's beyond-bad bankers.
Questions for Candidate Palin and Sister Sarah
eileen fleming
The New Apostolic Reformation/ NAR is a religious movement of elites and regular people guided by an entire genre of books, texts, videos and other media. Among NAR adherents, is Sarah Palin and the NAR just may be the largest religious movement you've never heard of. Jesus called politicians foxes and in a country where Sarah Palin is being touted as presidential material, the issue of faith in politics has never been more deadly.
To Sarah Palin and The New Apostolic Reformation
Researcher Rachel Tabachnick, reported regarding NAR videos that they “demonstrate the taking control of communities and nations through large networks of 'prayer warriors' whose spiritual warfare is used to expel and destroy the demons that cause societal ills. Once the territorial demons, witches, and generational curses are removed, the 'born-again' Christians in the videos take control of society."
The Russell Tribunal on Palestine - Barcelona Session
Stephen Lendman
Launched on March 4, 2009, "The Russell Tribunal on Palestine (RTP) seeks to reaffirm the primacy of international law (to settle) the Israeli-Palestinian conflict (by focusing on) the enunciation of law by authoritative bodies (and) address(ing) the failure of application of law even though it has been so clearly identified. (It begins where the International Court of Justice) stopped: highlighting the responsibilities arising from the enunciation of law, including those of the international community, which cannot continue to shirk its obligations."
RTP is part of the BRussell Tribunal, named after famed philosopher, mathematician, and anti-war/anti-imperialism activist Bertrand Russell (1872 - 1970), who warned over 50 years ago:
Anatomy of Conspiracy Theory
Zahir Ebrahim
Some may rationally ponder that how is it, that such a long running global conspiracy for world government as outlined in Project Humanbeingsfirst's report “The Enduring Capitalist Conspiracy for World Government”, can be kept alive across centuries and across geographies. This brief paper examines that question.
Noam Chomsky had once observed an insightful nature of such “conspiracies”, as the open shared natural goals stemming from the very nature of its definition, which could therefore, no more be termed a conspiracy than both GM and Ford endeavoring to maximize their profits at all cost be termed a 'global corporate conspiracy'.
I have always added to that, the equally un-remarkable observation that a hungry lion anywhere in the world pouncing upon a lamb is similarly no global conspiracy by the world's lions to eat up all the lambs on the planet. That is just the nature of the bestial predators when its “might defines right”. The higher cerebral concepts of “right”, “wrong”, “moral”, immoral”, etc., do not even exist among any primal predators, for these only behave according to their nature. Pious platitudes, if they could be argued by the lion or the snake for instance, would in fact only be disseminated to the lambs and the mice to make them an even easier morsel to acquire!
US - China: Provoking the Creditor, Hugging the Holy man (Washington’s Road to Ruin)
James Petras
The Obama Administration has heightened tensions with China through a series of measures which can only be characterized as major provocations designed to undermine relations between the two countries. These provocations include political support for separatist movements, such as the US-funded theocratic-monk led Tibetan secessionists and the Washington-based Uyghur secessionists, as well as through the $6.4 billion-dollar advanced arms sales to Taiwan, a virtual protectorate of the US Navy. President Obama has publicly met with and openly backed these separatist and secessionists groups, flaunting Washington’s refusal to recognize China’s existing borders. This is part of the US strategy of encouraging the physical break-up of independent nations, which are viewed as ‘obstacles’ to its program of global military empire building.
In addition to continuing and escalating the hostile policies of his predecessor, the Obama Administration has exploited several other issues in order to rally American public opinion and mobilize overseas allies behind its confrontational posture. First, the Obama Administration claims that China’s currency (the Renminbi) is artificially undervalued to give Chinese exports an unfair price advantage, thus undercutting US manufacturing exports and costing “millions of American jobs”. And secondly, the Administration claims that, after the US had opened its domestic manufacturing market to Chinese firms, the Chinese would not ‘reciprocate’ and open their financial sectors to Wall Street investment banks.
Not One More Mountain!
Sandra Diaz
Americans from Across the U.S. Ask Congress and President Obama To End Mountaintop Removal Coal Mining in 2010
WASHINGTON DC - During the 5th Annual End Mountaintop Removal Week in Washington March 6-10, over 200 citizens from across the United States will be uniting in the nation's capital to demand the end to mountaintop removal coal mining, one of the most urgent environmental and social justice issues facing America today.
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