http://www.radio4all.net/files/brendanstone@cogeco.ca/3582-1-gowans1a.mp3
Archive for September, 2009
Radio: Stephen Gowans on Color revolutions
Posted by smeddum on September 22, 2009
Posted in Uncategorized | Tagged: "War on Terror" | Leave a Comment »
Banks to seal control of media industry?
Posted by smeddum on September 22, 2009
A Curious Snag In Debt-For-Equity Restructurings As Goldman And JPM Do A Stealthy Roll Up Of The Media Industry
Submitted by Tyler Durden
09/20/2009 19:11 -0500
While most hedge funds traditionally have an on-shore and an off-shore investment vehicle, the bulk of investable capital is allocated to accounts domiciled in the Caymans, Bahamas, Isle of Man, or some other tax “friendly” country, as LPs are never too crazy about that little snag known as taxes, and offshoring provides some nice and useful alternatives to said snag. Distressed hedge funds, those that acquire either secured or unsecured debt with the hope of equitization, are no exception. Yet equitization by essentially foreign vehicles is starting to get some dirty looks by regulators, which limit “foreign” equity investments in traditionally American companies and sectors. Some developments in the upcoming restructurings of media companies may put a new wrinkle on what is promptly becoming the most prevalent and profitable means for hedge funds to invest capital (not by necessity but for the simple reason that if a sector is not too big to fail, it is likely failing massively). The case of Citadel Broadcasting, which Zero Hedge discussed recently as commentary highlighting the lunacy of the current investment climate, is just such an example. Read the rest of this entry »
Posted in Uncategorized | Tagged: Avenue Capital, Banks, blogs, Citadel, Corporate Finance, debt, Fail, FED, Federal Reserve System, Fourth Estate, GE, GE Capital, General Electric, Goldman, Goldman Sachs, hedge funds, Hope, ION, JP Morgan, JPM, MAN, Media, Propaganda, Sales, Too Big To Fail, Treasury. Tribune, wall street, Wall Street Journal, Zero Hedge | Leave a Comment »
The Quiet Grab
Posted by smeddum on September 22, 2009
– Monday, 21 September 2009 |
My Two Cents
By: Andy Sutton
While all the hubbub here in the US has centered around abominations such as cash 4 clunkers, tax credits for buying homes, and the other machinations directed at returning the US to the blissful year of 2005, other portions of the world have taken notice and have been conducting some activities of their own. They have been locking down ever-growing stockpiles of critical basic materials needed to run their economies. These strategic moves have certainly not been done in secret, but given how we spend our intellectual energies here in America, they might as well have been. Leading the pack has been China, but there have certainly been others. Read the rest of this entry »
Posted in Multipolar world | Tagged: China, Venezuela | Leave a Comment »
HSBC bids farewell to dollar supremacy
Posted by smeddum on September 22, 2009
The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC.
By Ambrose Evans-Pritchard
20 Sep 2009
“The dollar looks awfully like sterling after the First World War,” said David Bloom, the bank’s currency chief.
“The whole picture of risk-reward for emerging market currencies has changed. It is not so much that they have risen to our standards, it is that we have fallen to theirs. It used to be that sovereign risk was mainly an emerging market issue but the events of the last year have shown that this is no longer the case. Look at the UK – debt is racing up to 100pc of GDP,” he said Read the rest of this entry »
Posted in Financial crisis | Tagged: dollar collapse | Leave a Comment »
Sterling falls against the euro as parity beckons
Posted by smeddum on September 22, 2009
Sterling falls against the euro as parity beckons
By Deborah Hyde
22 September 2009
Citywire
.
Sterling continues to fall against the euro as increasing numbers of market watchers believe a move to parity is on the cards.
At 10.44, sterling was trading at €1.1031 against the euro – within spitting distance of all-time lows of €1.0193 last December.
Ian Williams, strategist at Altium Securities, says yesterday’s quarterly report from the Bank of England has put extra pressure on sterling. Read the rest of this entry »
Posted in Financial crisis | Tagged: pound's pounding | Leave a Comment »
The Economy Is A Lie, Too
Posted by smeddum on September 22, 2009
By Paul Craig Roberts
September 21, 2009
Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over. Read the rest of this entry »
Posted in Financial crisis | Tagged: Bernanke | Leave a Comment »
Paralysed cancer drug girl to be put on at-risk register ‘to shut her up’
Posted by seumasach on September 21, 2009
20th September, 2009
A mother who is planning legal action against a pharmaceutical giant – claiming her daughter was left partially paralysed after having an anti-cancer vaccine – has been told the teenager is to be put on the social services ‘at-risk’ register.
Cheryl Cave says allegations that she is abusing her 13-year-old daughter Ashleigh are an attempt to ‘shut her up’ as she is demanding an investigation into the safety of a drug used to protect girls against the HPV virus that causes cervical cancer.
Ashleigh collapsed shortly after being given the jab at school and has spent nearly a year in hospital.
Posted in Ecological and Public Health Crisis | Tagged: malthusian agenda, vaccine dangers | 1 Comment »
Radio: Jim Willie and the Chinese/USA trade war?
Posted by smeddum on September 21, 2009
Posted in Financial crisis | Tagged: China, Jim Willie | Leave a Comment »
As household debt shoots through the roof, some people are going on strike
Posted by seumasach on September 20, 2009
18th September, 2009
Icelandic households are in serious trouble. When the economy melted down last year, the krona plummeted and loans that people had taken in foreign currencies [they were all the rage here in 2006-2008] went through the roof. Initially the government responded by allowing people to freeze their loan payments for the time being. That freezing runs out in October, at which time households that are already heavily indebted will face an even greater burden, that in many cases will be insurmountable. Defaults have already started to increase – and starting in October they are likely to increase even more.
Posted in Revolution in Iceland | Tagged: bankrupt iceland, Financial crisis, Revolution in Iceland | Leave a Comment »
Iran replaces Dollar with Euro in FX
Posted by seumasach on September 20, 2009
20th September, 2009
Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts.
Posted in Financial crisis, Multipolar world | Tagged: dollar collapse, End of empire, Iran, Multipolar world | Leave a Comment »
Public debt hits £800 billion – the highest on record
Posted by seumasach on September 20, 2009
Of course, spending has to be cut: let’s start with ending our wars, slashing defence spending and dismantling the apparatus of empire, as well as ending welfare for parasitic city financiers.
19th September, 2009
Britain is clocking up debt at a rate of £6,017 per second as the Government struggles to balance the books. With tax receipts plummeting because of the recession, state borrowing grew by £16.1 billion last month — almost twice the entire budget for the 2012 Olympics.
Posted in Financial crisis, UK economy | Tagged: End of empire, financial collapse, stop the bailout, UK government debt | Leave a Comment »
In These New Times 