Posted by inthesenewtimes on July 18, 2008
By Mike Whitney
Information Clearing House
18/07/08 “ICH” — – The Fed’s emergency rescue plan for the financial markets is hopelessly flawed. It’s a scattershot approach that doesn’t address the real source of the problem; an unregulated, unsustainable structured finance system that emerged in full-force after 2000 and spawned a shadow banking system that creates trillions of dollars of credit without sufficient capital reserves. This is the heart of the problem and it needs to be debated openly. The present system doesn’t work; it’s as simple as that. It makes no sense to provide trillions of dollars of taxpayer money to shore up a system that is essentially dysfunctional. It’s just throwing money down a rat-hole.
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Posted in Financial crisis | Tagged: financial collapse | Leave a Comment »
Posted by inthesenewtimes on July 18, 2008
A day conference
Saturday 19 July, London
United Reformed Church
Buck Street, Camden (close to Camden Town tube)
London NW1 8NJ
Programme
10:30–11:00: Registration
11:00–13:00: Why we need justice for Iraq
- Sami Ramadani, Iraqi Democrats Against the Occupation
- Hans von Sponeck, former UN Humanitarian Co-ordinator for Iraq
- Haifa Zangana, Iraqi writer and columnist
- Liz Davies, Iraq Occupation Focus
13:00–13:45: Lunch
13:45–15:15: Workshops
Workshop 1: Stopping the corporate carve-up
- Greg Muttitt, Platform
- Kamil Mahdi, University of Exeter
Workshop 2: The humanitarian crisis
- Milan Rai, Justice Not Vengeance/Peace News
- Marion Birch, Medact
- Sarah Parker, Coalition to Stop Deportations to Iraq
Workshop 3: War crimes: ending impunity
- Jehangir Jilani, Public Interest Lawyers
- John Hilary, War on Want
- Mazin Younis, Iraqi League
15:15–15:30: Break
15:30–17:00: The way forward: Iraq solidarity for the long-term
- John McDonnell MP
- John Hilary, War on Want
- Kamil Mahdi, University of Exeter
- Carole Turner, Stop the War Coalition
17:00: Ends
Entry by donation (suggested amount: £7/£5 unwaged)
For more information download the event leaflet or visit the Justice for Iraq blog at: www.justiceforiraq.net.
Justice for Iraq Facebook group >>
Event page on Facebook >>Organised by Iraq Occupation Focus
Contact: iraqfocus@riseup.net
Justice for Iraq is a call to action – a campaign that demands a complete policy reversal of those countries who have invaded and occupied Iraq since 2003. Ending the military occupation remains the most urgent priority. But Iraq will remain a broken nation without urgent measures aimed at delivering lasting peace and justice for its people and healing some of the wounds caused by this disastrous war.
Justice for Iraq will pressure Iraq’s occupiers to:
- withdraw their troops and privatised security forces;
- restore Iraq’s full economic, legal and political sovereignty;
- dismantle the Green Zone and the other occupation walls;
- clean up toxic and unexploded weapons of war;
- release and compensate detainees;
- assist refugees and displaced persons;
- help Iraq to relieve dire shortages in food, water, energy and medical supplies;
- agree to pay reparations for waging a war of aggression;
- ensure that war criminals face justice.
These demands do not represent a complete or final list. This campaign is in the process of emerging and we are reaching out to build a network of organisations and individuals who share a similar goal. Join us on 19th July to be a part of debating, building and launching this campaign. |
Posted in Iraq | Tagged: Iraq | Leave a Comment »
Posted by inthesenewtimes on July 18, 2008
“There is no such thing as a free bailout.”
Colby Cosh
National Post
18th July, 2008
Dammit, someone has to say it: Shouldn’t the first clue that something was wrong with Fannie Mae and Freddie Machave been their names? Surely a country has to be courting trouble when it lets its secondary mortgage market be captured by companies that sound like things your grandmother would say instead of cursing. “Oh, Freddie Mac! Looks like we’ll have to increase the money supply again, Paw.”
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Posted in Financial crisis | Tagged: failing banks | Leave a Comment »
Posted by inthesenewtimes on July 18, 2008
Posted in Ending War | Tagged: Cynthia McKinney | Leave a Comment »
