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Seize BP While it Still Has an Asset!
by Len Hart, The Existentialist Cowboy
BP is busted. Penalties already assessed BP exceed 60 $billion. The cost of the cleanup will run about $760m but that figure was 'operative' before the last failed attempt to plug up the hole. Damages increase daily, hourly as the hole remains unplugged, as the oil continues to spew!
Associated Press reports that damages have already wiped out some $75 billion in market value. By every definition, BP is bankrupt, finished! Kaput!
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Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investmentThe brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter. --Goldman Sachs sold $250 million of BP stock before spill
Life in Occupied East Jerusalem
by Stephen Lendman
Founded in 1972, the Association for Civil Rights in Israel (ACRI) is the country's leading human and civil rights organization through litigation, legal advocacy, education, and public outreach. In May 2009, it published "The State of Human Rights in East Jerusalem: Fact and Figures," then a follow-up June report titled, "Life in the Garbage: A Status Report of Sanitation Services in East Jerusalem." Both reports are reviewed below.
East Jerusalem by the Numbers
-- based on 2007 data, the Palestinian population numbered 260.5 thousand;
-- 66.8% of families are impoverished, including 74% of children; over 94,000 "live in a perpetual state of poverty;"
Russia-US-Iran: Nuclear juggling
Eric Walberg
Relations between Russia and Iran highlight the intractable problems of nuclear diplomacy.
Brazil accused the US of double standards, and Turkey insisted Thursday that rejecting the deal with Iran, which calls for Tehran to ship around half its stock of low-enriched uranium to Turkey in exchange for enriched uranium suitable for research and medical use, would be “unreasonable” and said that a US push for fresh sanctions on Tehran was creating an “absurd situation”. “Those who speak to this issue should eliminate nuclear weapons from their own country and they should bear the good news to all mankind by doing that,” Turkish Prime Minister Recep Erdogan said while attending a UN conference in Rio de Janeiro.
In their own words: Survivor testimonies from Flotilla 31 May 2010
Written by Free Gaza Team
For three days as they were held in captivity and unable to speak on their own behalf, Israel presented the massacre against civilian passengers on the Mavi Marmara as self defense against a “lynching.” Now that the passengers are returning to their home nations, the global community is hearing a much different story, not just regarding the incident but also their treatment afterwards once in custody.
Aboard the Mavi Marmara
Iara Lee
Brazilian Filmmaker (based in San Francisco)
Obama's National Security Strategy (NSS): A New Direction or Continuity
by Stephen Lendman
Periodically, US administrations prepare NNS documents for Congress, outlining their major national security concerns and plans for addressing.
On May 27, the White House Office of the Press Secretary announced Obama's saying it's to "Advanc(e) Our Interests: Actions in Support of the President's National Security Strategy." UN ambassador Susan Rice called it a "dramatic departure" from the Bush administration. The White House claims it's "to keep the American people safe" and advance the nation's "values and ideals."
The Flotilla Massacre: Historical Perspective, Aftermath and Implications
by Stephen Lendman
During the Mandate period and throughout its existence, Israel's history has been bloodstained, barbarous, and out-of-control - and for most of it generously funded and heavily armed with the latest weapons and technology by its Washington paymaster/partner to reign terror on the region and Palestine. Early on, Israel was a regional menace. It's now a global one, posing a grave threat to world peace and stability.
43 years on: the 1967 war-revisited Part-II
Khalid Amayreh
Magharba Quarters in Jerusalem, destroyed in 1967
Gigantic defeat
The historical defeat of the Arab armies in 1967 (historical because Israel occupied the rest of Palestine, including al-Masjidul Aqsa, one of Islam’s holiest places) didn’t necessarily reflect any inherent Arab inferiority vis-à-vis Israel; it rather reflected the bankruptcy and decadence of the regimes. A few months after the war, the Jordanian army and the small Palestinian Fedayeen units repulsed a massive Israeli incursion into the East Bank in what was known as the Karama battle, killing more than 80 Israeli soldiers.
The Way the World Works
By Numerian
Chances are if you are a typical American consumer you have purchased something made by Foxconn Technology Group. This giant Taiwanese-owned company is under contract to make Sony’s Playstation, the Xbox 360, the Wii, motherboards for Intel, routers for Cisco, and Apple’s iPhone, iPod, and iPad. As profitable as Foxconn is, it is in a fundamental sense a failure of capitalism. At a time when machine tools and robotics are available to make these products at high speeds, Foxconn uses manual labor to craft tens of thousands of electronic devices each hour, 24 hours a day. (Image)
To accomplish this, Foxconn employs over 800,000 workers in mainland China alone, and 420,000 of them at a massive “campus” in Shenzen. The workers in Shenzen are required to live on campus in dormitories with bunk beds, cafeterias, a medical unit, and a few recreational facilities. The overwhelming number of them range in age from 18 to 24, have moved to Shenzen from rural villages with no job opportunities, work six days a week at the factory for 10 hours a day including overtime, and make about $130 a month.
Helen Thomas resigned? Nothing surprising here
Debbie Menon
A long career: "You're only as good as your last story," says journalist Helen Thomas, who has been covering stories in and around Washington D.C. since 1942.
Helen Thomas always asks the right questions! That is why she is known as a “top US journalist.”
Helen Thomas, 89, began her long career with the wire service United Press International in 1943, and started covering the White House in 1960, according to a biography posted on her website. She became a columnist for Hearst in 2000. She (born August 4, 1920) is an American news service reporter, a Hearst News papers, columnist member of the White House Press Corps and author. She served for fifty-seven years as a correspondent and, later, White House bureau chief for United Press International (UPI). Thomas covered 10 U.S. Presidents.
The War to End All Wars: Providence, Pointless Tragedy or What Really Happened
By Robert Singer
[War and the Modern State of Israel seem to be “hot topics” on the Internet. However, it is my belief that I am the only one that connects two World Wars, the Balfour Declaration and the Holocaust to (The Key to the Secret of the Universe).]
The First World War: A Modern View
Thanks partly to a generation of war poets who recorded the horrors of the war and a generation of historians who castigated the Allied high command for their decisions and ‘waste of life’ (Allied soldiers being the 'Lions led by Donkeys'), the war is generally viewed as a pointless tragedy.
The War to End all Wars, according to Churchill, would have ended in 1917 if the U.S. had not entered the war.
“The mood in London was bleakly pessimistic in early 1917. The blood-drenched Battle of the Somme, from July to November 1916, had proved that France and Britain could not defeat Germany without U.S. help. As Winston Churchill later wrote, Britain was so close to defeat that any straw had to be grasped.” [1]
History goes on to record the losers were about to accept a simple status quo and end of the war, with no punitive conditions when France and Britain were approached with an offer they should have refused. [2]
“The deal entailed that if the Zionist-led international banking cartel could arrange Britain's victory, would Great Britain support a Zionist state later on when the right conditions presented themselves. Great Britain agreed to these terms, and as their part of the deal, the Zionist bankers would get the United States of America into the conflict and reverse the obvious outcome.” [3]
Great Britain agreed to these terms and the famous Balfour Declaration was their part of the deal, so that they could “reverse the obvious outcome.” [4].
The 1974 World Book Encyclopedia contradicts Churchill and acknowledges the military situation was in the Allies favor [5] and claims the U.S. entered the war because the British intercepted a message in January 1917 from Germany to Mexico asking for an alliance in case of war.
Churchill’s Statements are Disinformation
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