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What's a capitalist to do?

July 2nd, 2010

AIG's Joe Cassano - An American Tragedy

By Numerian Posted by Michael Collins

What’s a capitalist to do when he loses $500 billion and almost single-handedly destroys the global economy? In Japan you would bow deeply in public and express the deepest possible remorse and shame, that is if you already had not committed seppuku. In America, where the Ayn Rand ethos of objectivism reigns supreme, you weasel your way out of any explanation or regret, while riding off in the sunset with your undeserved fortune.

Joe Cassano, former CEO of AIG Financial Products, could have chosen the Ronald Reagan Alzheimers defense: “I have forgotten everything that happened.” That was the route taken by AIG Chief Risk Officer Robert Lewis, when he along with Cassano appeared yesterday before the Financial Crisis Inquiry Commission. Lewis, unlike Reagan, had to act like he actually had Alzheimers to make this defense plausible.

Full story »

War in Afghanistan: Illegal, Untenable and Unwinnable

July 2nd, 2010

by Stephen Lendman

A May 30 Delaware County Times editorial headlined, "Is US fighting unwinnable war in Afghanistan" asking:

"Why should America (believe) it can (accomplish what the) Soviet Union (and) Britain couldn't....? Public sentiment against it is growing, and "Many pundits say the war....can never be won militarily...." How many more "US service member" deaths are tolerable?

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Prof William O. Beeman: Iranians deny the arrogant literature of the west

July 1st, 2010

By Kourosh Ziabari


Prof. William O. Beeman

Prof. William O. Beeman is the head of anthropology department at the University of Minnesota. His inimitable and independent approach toward the current affairs of Iran, one of the most controversial countries of the world, resembles the attitude of Noam Chomsky in terms of perspective and mindset and has cost him his reputation, professional credit.

Regrettably, he was insulted and attacked by a number of American mainstream media and fanatic neoconservatives over the past years and even his academic colleagues blamed him for what they considered to be his support for the main pivot of the ¡°axis of evil¡±.

Prof. Beeman who speaks the Persian language fluently believes that Iranian people should not be treated with disdain and arrogance since their ancient superiority and historical backgrounds causes them to be resistant toward the hostile rhetoric and inimical literature.

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Credo Mutwa on Barack Obama

July 1st, 2010

Credo Mutwa

The Zulu shaman, or sanusi, Credo Mutwa, has written a poem to express his thoughts on what he sees as the true nature of Barack Obama and the agenda for Africa and the world that he represents.

"An actor walks upon the floodlit stage of life
wearing a mask of an angel beneath a demon's gown.
Pretence smiles upon the crowded hall of life
holding out hope as bright as it is false.
Son of a woman in whose veins flows the blood
of ancient Ireland and dark Africa's plains.
You are Obama, nick-named the standing king
You are Barack, oh, son born to deceive
The suffering hoards of Africa look up to you,
See a black saviour where nought but a Judas strides.
An entrapper of nations, bringer of dismal war

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The End of Oil, and Government

July 1st, 2010

by Jan Lundberg

The unsustainable U.S. economy and coast-to-coast consumer society that uses more oil than any other nation will keep up its energy gluttony until supplies finally give out.

Because oil is the most critical part of our energy mix, and it supplies critical materials and chemicals besides fuels, a sudden, crippling oil shortage can paralyze most of the work, commerce and law enforcement going on in this country. Activities such as driving to church or to the beach to clean oil off dying birds will also mostly cease virtually overnight.

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State Terror, Israeli Style

July 1st, 2010

by Stephen Lendman

Ongoing since its May 14, 1948 "Declaration of Independence," Israel systematically reigned terror against Palestinians and neighboring states, always claiming self-defense - bogus then, bogus now, historian Ilan Pappe describing Israel as a "settler Prussian state: a combination of colonialist policies....manifested in the dominance of the army over political, cultural and economic life," then adding:

"You probably have to be born in Israel, as I was, and go through the whole process of socialisation (sic) and education - including serving in the army - to grasp the power of this militarist mentality and its dire consequences. And you need such a background to understand why the whole premise on which the international community's approach to the Middle East is based, is utterly and disastrously wrong," so much so that Israel is slowly self-destructing, preventable only by an entirely new mindset.

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Death Squad Terror in Honduras

June 30th, 2010

by Stephen Lendman

On June 28, 2009, while he slept, dozens of Honduran soldiers stormed President Manuel Zelaya's residence, arrested him at gunpoint, and exiled him to Costa Rica, in violation of the 1982 Constitution, stating:

"No Honduran may be expatriated nor delivered by the authorities to a foreign state," nor may a democratically elected leader be deposed, evidence showing Washington's involvement and support, coordination handled by US Ambassador Hugo Llorens and Thomas Shannon, Jr., current US Ambassador to Brazil, then Assistant Secretary of State for Western Hemisphere Affairs.

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Court Vacates Siegelman Charges, As Kagan and DOJ Team Lose

June 29th, 2010

By Andrew Kreig
Huffington Post, June 29
Posted by Michael Collins

"As a start in redressing the nation's most notorious political prosecution, the Supreme Court today released its decision vacating federal corruption convictions of former Alabama Gov. Don Siegelman and co-defendant businessman Richard Scrushy

"The court remanded their Alabama convictions to the Eleventh Circuit U.S. Court of Appeals in Atlanta despite arguments last November by Solicitor General Elena Kagan that their convictions should stand."

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Leader of Deathsquads Wins Colombian Election

June 29th, 2010

James Petras

Juan Manuel Santos, notorious Defense Minister in the regime of outgoing President Alvaro Uribe and closely identified with high crimes against humanity “won” the recent Presidential elections in Colombia, June 2010. The major electronic and print media CNN, FOX News, Washington Post, the New York Times, The Wall Street Journal, and the once liberal Financial Times (FT) hailed Santos election, as a great victory for democracy. According to the FT, “Colombia not Venezuela is (the) best model for Latin America” (FT 6/23/2010 p. 8). Citing Santos “overwhelming” margin – he garnered 69% of the vote, the FT claimed he won a “strong mandate” (FT 6/22/2010). In what has to be one of the most flagrant cover-ups in recent history, the media accounts exclude the most egregious facts about the elections and the profoundly authoritarian policies pursued by Santos over the past decade.

Full story »

Sacking McChrystal: Testimony to a Lost War

June 29th, 2010

by Stephen Lendman

On August 10, 1997, in The New York Times Magazine, David K. Shipler headlined, "Robert McNamara and the Ghosts of Vietnam" saying:

Looking back, one of the key war architects admitted "how dangerous it is for political leaders to behave the way we did" about a war that shouldn't have been fought and couldn't be won.

In his 1995 book, "In Retrospect: The Tragedy and Lessons of Vietnam," former Defense Secretary McNamara wrote: "....we were wrong, terribly wrong. We owe it to future generations to explain why."

Full story »

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