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Cyprus Postmortems
by Stephen Lendman
Solutions worse than problems don't resolve them. Cypriots face protracted hard times. Former IMF chief economist Michael Mussa explained three kinds of crises: liquidity, solvency and stupidity.
BoomBustBlog's Reggie Middleton says "economic depression is the new success." It's the new normal. Scoundrel media reports downplay the damage done.
"The danger of Cyprus' bankruptcy (and) tragic consequences for the economy and society are just getting started."
Eurocrats lied. They claim "boiling slowly in a pot of austerity flavored depression is preferable to a quick and clean exit and rebirth."
"Ready! Set! Bank Run!!!"
Expanding Guantanamo
by Stephen Lendman
In 2008, candidate Obama promised to close Guantanamo. Straightaway as president, he issued Executive Order titled "Review and Disposition of Individuals Detained at the Guantanamo Bay Naval Base and Closure of Detention Facilities."
Sec. 3 states: "Closure of Detention Facilities at Guantanamo. The detention facilities at Guantanamo for individuals covered by this order shall be closed as soon as practicable, and no later than 1 year from the date of this order."
"If any individuals covered by this order remain, they shall be returned to their home country, released, transferred to a third country, or transferred to another United States detention facility in a manner consistent with law and the national security and foreign policy interests of the United States."
Obama ordered an "immediate review of all" detainees within 30 days.
Gang Green or Fresh Greens?
By Kevin Zeese and Margaret Flowers
The environmental movement is at a critical crossroads. Younger and bolder environmental groups are rising up and engaging in creative and strategic direct action. Will the older and more traditional environmental groups learn from them and adjust their tactics to be more effective?
The old environmental movement, ‘Gang Green,’ traditionally works inside the existing power structure and takes funding directly from polluting corporations and foundations funded by polluters. Sometimes they get a seat at the table, but this ends up helping to pass and legitimize laws containing inadequate regulations that become a license to pollute. Some ‘Gang Green’ members show signs of realizing they are on the wrong path and that they need to re-make themselves in order to face the urgent ecological crises of widespread toxins, species extinction, water and air pollution, soil depletion and climate change.
Cyprus Update
by Stephen Lendman
It's all over but the post mortems. Eurocrats demanded their pound of flesh. Cypriot officials surrendered.
They sold out their people. They deserve better. Expect greater than ever hard times. Expect growing poverty, unemployment and despair. Expect public anger. At issue is whether it'll bubble up and explode.
Zero Hedge headlined "Next Up For Cyprus: Depression." It forecasts real GDP declining over 20% by 2017. "Risks are clearly on the downside." Ahead expect more bailout help needed.
Obama Spurns Palestinian Rights
by Stephen Lendman
He frankly doesn't give a damn. He spent three days in Israel. He showed one-sided support. He gave Palestinians short shrift. He spent token time in Ramallah.
He told Israelis "so long as there is a United States of America, Ah-tem lo lah-vahd (You are not alone)." He left no doubt what he means.
Washington and Israel have unbreakable ties. They're longstanding. Obama's visit affirmed them.
A Draft-Dodging, Zionist Friendly, Right-wing Texan Islamist to lead Syria?
by FRANKLIN LAMB
Damascus.
For the past year, a plan C or D, depending on how one numbers the failed US-Israel projects in Syria was badly needed for those presuming to topple the Assad government.
And this week, according to Congressional staffers, both Tel Aviv and the White House are pinching themselves in disbelief over their good luck with installing republican leaning conservative Dixie businessman, the congenial, Ghassan Hitto, as Syria’s new interim Prime Minister.
Shameless NYT Defense of Obamacare
by Stephen Lendman
Obamacare is a healthcare rationing scheme. It enriches insurers, drug companies and large hospital chains.
Universal, single-payer coverage alone works. Obama and complicit Democrats spurned it.
They prioritize taxing more, rationing care, placing profits above human need, and forcing ordinary people to bear a greater burden than previously.
What Follows Turkish/Israeli Reconciliation
by Stephen Lendman
A separate article called it grand betrayal. Aggrieved families were denied justice. What's ahead matters most. Be concerned. Be very concerned.
Israel's the region's most powerful military force. It's nuclear armed and dangerous. Turkey has NATO's second largest standing army. Allied they're formidable and menacing. They give America more options. Doing so bodes ill regionally.
New York Times Hypocrisy
by Stephen Lendman
NYT's attempts to set the record straight are duplicitous. They come too late to matter.
On May 26, 2004, Times editors headlined "The Times and Iraq," saying:
"Over the last year this newspaper has shone the bright light of hindsight on decisions that led the United States into Iraq."
"We have examined the failings of American and allied intelligence, especially on the issue of Iraq's weapons and possible Iraqi connections to international terrorists."
Payday Loans: Modern Day Usury
by Stephen Lendman
Payday loans let predatory lenders rip off unwary borrowers. They provide short-term unsecured quick cash. It comes at a high price. It matches the worst of loan shark practices.
The Center for Responsible Lending (CRL) calls itself a "non-partisan organization that works to protect homeownership and family wealth by fighting predatory lending practices."
It's "witnessed, studied, and fought against outrageous lending abuses." They "strip billions of dollars from (unwary) American families."
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