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Franklin Lamb
The Ancient Citadel, Damascus
This observer imagines that it’s probably not politically very correct among quite a few, including formerly this observer, to even mention the idea. But is it not the case dear reader that the continuing rampant and irreversible cultural terrorism ravaging Syria will not be halted by an anemic elusive “international political solution” anytime soon? Hence what is warranted for serious consideration at UN HQ and without further delay is a limited and tightly monitored UN-led intervention to end the destruction of our cultural heritage? Specifically by considering a quick short-leashed employment of Responsibility to Protect (R2P)?
“I am seeing Palmyra being destroyed right in front of my eyes. God help us in the days to come. Our darkest predictions are unfortunately taking place,” my friend, Dr. Abdul-Karim, the Director-General of Syria’s Antiquities and Museums (DGAM) recently explained, adding that he was somehow not totally surprised to learn that the Islamic State had destroyed the second century AD Temple of Baalshamin (shown before and after its destruction.
The temple stood less than 100 yards from the Roman amphitheater where the Islamic State held a summary trial with unanimous verdict and mass execution, killing 25 Syrian army prisoners last spring. Baalshamin was built in AD 17 as a place of worship dedicated to the Phoenician god of storms and the sky, expanded under the reign of the emperor Hadrian in 130 AD and during the time of Queen Zenobia and her husband Septimius Odaenathus, the King of Kings of Palmyra, it evolved into a major worshiping site for a number of deities.
by Stephen Lendman
Whether market panic in recent days signals the six-year bull market’s end remains to be seen. Bull and bear markets take time to unfold. They don’t happen overnight.
Yet days of global panic with valuations way exceeding fundamentals suggest at minimum a major correction, selloff, down cycle, give it any name you wish is long overdue to rectify significant imbalances and may have begun.
Sharp reversal days punctuate all bull and bear markets - profit-taking or buying dips to cash in short term. They can be stunning.
The 2008-09 market crisis saw six of the 10 largest ever Dow point advances:
by Stephen Lendman
A new Defense for Children International-Palestine (DCI-P) report is damning, providing more evidence of shocking Israeli war crimes - titled “Operative Protective Edge: A War Waged on Gaza’s Children.”
Saying Israeli aggression killed over 2,250 Palestinians, mostly civilians, including 547 children. Another 3,374 were injured - “including over 1,000 children whose wounds rendered them permanently disabled.”
DCIP-I’s research “found overwhelming and repeated evidence” of willful Israeli high crimes against peace - including multiple daily attacks on civilian residential neighborhoods, schools, hospitals, UN shelters, and numerous other non-military targets.
by Stephen Lendman
Former US Treasury Secretary Larry Summers and other US financial community members urge more money printing madness - duplicitously suggesting current market turmoil conditions warrant it.
Reckless monetary policy instituted by the Fed and other major central banks bears full responsibility for what’s unfolding - how severe for how long remains to be seen. More on what Summers said below.
Three rounds of Fed quantitative easing (QE) did nothing to create jobs or put money in the pockets of ordinary people who spend it, generate economic growth and create a virtuous circle of prosperity lifting all boats equitably.
James Petras
IntroductionEight months will have passed since the election of Syriza on January 25 up to the snap elections in September. During that time Syriza’s leaders play-acted their ‘opposition to austerity’ and then knelt down in submission to the ‘Troika’.
The contrast between January and now is dramatic: Syriza’s leader, Prime Minister Alexi Tsipras, aroused joy and great hope among the Greek voters with his promises to end Greece’s subjugation to the European oligarchs (the “Troika”) but now convokes snap elections exploiting the pervasive fear and misery among the population. Greeks confront a future of even greater impoverishment and despair with an entire generation bound up and delivered to forty years of debt slavery and colonial subjugation by their elected Syriza leaders.
by Stephen Lendman
Rep. Betty McCollum (D MN) is an exception proving the rule - supporting the rights of Palestinian children in a Congress largely ignoring them.
In June, she wrote John Kerry, saying “Israel’s military detention of Palestinian children is an indefensible abuse of human rights. I hope this letter results in State Department pressure on the Government of Israel to end this systemic abuse immediately.”
“Palestinian children should be treated exactly the same as Israeli or American children, without the fear that one day soldiers will arrest them, beat them, and lock them away in prison.”
On August 18, she wrote the State Department again - addressing the cold-blooded killings of Nadeem Nawarah and Mohammad Anu Daher during May 2014 Nakba Day protests.
Her remarks were unusually forthright - calling Daher’s murder “a blatant example of an unlawful killing that merits both condemnation and action by the US.”An Israeli border policeman lethally shot him with an M-a16 rifle. “Most disturbing, Nadeem’s murder was captured on video as he walked innocently down the street.”
by Stephen Lendman
Monday trading showed Dow stocks plunging 1,089 points in minutes at the opening before rebounding sharply, then closing down 588 points - the single largest intraday point move in one of the most volatile trading days in stock market history, the most volatile ever for Nasdaq stocks.
The Dow fluctuated in a 7% trading range - an unprecedented 9% for Nasdaq stocks. Volatility was so extreme, the VIX S&P 500 index options volatility measure (the so-called fear index) couldn’t open during the first 30 minutes. Values of options its based on couldn’t be calculated. For the first time ever, the index closed up over 40% two consecutive days. At its Monday peak, it was up an astonishing 90%.
by Stephen Lendman
Besieged Gazans endure deplorable conditions. No end of their suffering looms.
On July 23, humanitarian aid worker Laura Grant headlined her London Guardian op-ed “Aid in Gaza: We don’t have the words to deal with this level of suffering.”
She came to Gaza for the first time after working in Occupied Palestine for almost a year. When crisis strikes like last summer’s Israeli aggression, international workers are largely evacuated. “(L)ocals are left to play the grim hand they’ve been dealt,” Grant explained How they manage is beyond what any outsider can imagine. Internationals come and go. Gazans remain besieged, trapped in rubble, without essentials most people take for granted or enough of them.
by Stephen Lendman
Greek Prime Minister Alexis Tsipras faked his progressive credentials. He was a Judas all along - pretending opposition to austerity to get elected, planning betrayal straightaway in office.
Former Finance Minister Yanis Varoufakis maintains a web site - posting his “comments for the post-2008 world.”
On August 18, he headlined “Bailout deal allows Greek oligarchs to maintain grip,” saying:
Terms lawmakers agreed to lets oligarchs dominating Greek economic sectors “generate huge profits and continue to avoid paying taxes” - at the expense of greater economic wreckage and harm to millions of ordinary households thrown under the bus.
James Petras
Introduction
2015 has become a year of living dangerously.
Wars are spreading across the globe. Wars are escalating as new countries are bombed and the old are ravaged with ever greater intensity.
Countries, where relatively peaceful changes had taken place through recent elections, are now on the verge of civil wars.
These are wars without victors, but plenty of losers; wars that don’t end; wars where imperial occupations are faced with prolonged resistance.
There are never-ending torrents of war refugees flooding across borders. Desperate people are detained, degraded and criminalized for being the survivors and victims of imperial invasions.
Now major nuclear powers face off in Europe and Asia: NATO versus Russia, US-Japan versus China. Will these streams of blood and wars converge into one radiated wilderness drained of its precious life blood?
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