26th May, 2011
The African Union (AU) still wants to find a political solution to the ongoing crisis in Libya, despite intensified NATO airstrikes against the regime of Libyan ruler Moamer Gaddafi, heads of state said Wednesday.
Archive for May, 2011
African Union wants to find African solution for Libya crisis
Posted by seumasach on May 26, 2011
Posted in Libya | Tagged: African Union (AU), African unity | Leave a Comment »
UK credit rating downgraded… by China
Posted by seumasach on May 26, 2011
Of course, they would say that, wouldn’t they? And anyway, Dagong is not legitimate Wall Street controlled entity. ITNT retains full trust in Moody’s, Standard and Poor’s, and Fitch whose prescience helped us all to foresee the mortgage-bond market debacle.
24th May, 2011
The UK’s credit rating has been cut by the Dagong rating agency of China.
Posted in UK economy | Tagged: bankrupt Britain, collapse of Britain | Leave a Comment »
Economic green shoots, exit strategy, no QE3 money printing
Posted by seumasach on May 26, 2011
Jim Willie
26th May, 2011
It is not clear whether the American financial community has the ability to observe and conclude that the US Federal Reserve is adrift and relies upon deception as policy in revealing its directions. Its position is to hold steady, inflate to oblivion, support financial markets in heavy volume secretly, and lie about leaving its trapped policy corner. The USFed is a propaganda machine that deals with ruses as a substitute for transparent policy discussion in the public forum. Two years ago the ruse disseminated widely was the Green Shoots of an economic recovery that had no basis at all.
Posted in Financial crisis | Tagged: dollar collapse, End of empire, Financial crisis, QE3 | Leave a Comment »
Sluggish consumer threatens recovery
Posted by seumasach on May 26, 2011
Shock Slump in Spending Put’s Brake on UK Recovery
25th May, 2011
Britain’s fragile recovery hopes were rocked again today after the biggest slump in consumer spending for nearly two years and a second growth downgrade in as many months from the highly regarded OECD.
Posted in UK economy | Tagged: collapse of Britain | Leave a Comment »
Vince Cable: Britain faces another economic crash
Posted by seumasach on May 26, 2011
The imminent explosion is there for all to see. Looking round Glasgow, from the commercial centre to suburbia, to inner city tenements, “for sale” and “to let” signs are everywhere. This is the next wave of bad debts to hit the banks. Traffic is noticebly thin, shops are closing, restaurants and pubs are emptying; you don’t have to queue at the supermarket checkouts even though half of them are closed. Britain is heading for shutdown, the consumer economy is on its last legs: there is no other. Meanwhile, in his Downing street bunker, Cameron and his remaining faithful live out their fantasy of a global Reich following on from the pacification of Libya, the latest madcap imperial venture: we’ll go down bombing till the end.
Incidently, Cable is making a clear move to distance himself from the Coalition leadership who he has upset by claiming, in a veiled reference to Britain’s dilemma, that just cutting will not solve Greece’s debt problems. Even more upsettingly for Cameron and company, he claimed that the euro wouldn’t collapse. The cracks are beginning to appear in the monolithic British elite.
25th May, 2011
The Business Secretary said other economic “hydrogen bombs” were “out there” and accused the Coalition and other governments of failing to “get to grips” with the threat.
Posted in UK economy | Tagged: End of empire | Leave a Comment »
Iraqis protest prolonged US military stay
Posted by seumasach on May 26, 2011
More than 20,000 people assembled in Sadr City, a suburb of the Iraqi capital, to send a warning message to the US government that Washington is likely to suffer the consequences of extending its presence in their war-torn country, a Press TV correspondent reported early Thursday.
The leader of Iraq’s Sadr Movement, Muqtada al-Sadr, was among the officials who attended the demonstration to show unity with the people of Iraq.
In April, al-Sadr warned of an “escalation of military resistance” in Iraq if the US forces do not leave by the appointed deadline.
Earlier on Friday, Dhiya al-Showki, the head of the social committee of the movement, urged the government of Iraqi Prime Minister Nouri al-Maliki to follow through on a three-year-old US-Iraqi agreement that calls for all American forces to leave the country by December 31, 2011.
The United States is mandated to withdraw its forces from war-wrecked Iraq by the end of the year in line with the 2008 US-Iraq Status of Forces Agreement (SOFA).
Based on the agreement, Washington had to end its combat operations in Iraq in August 2010.
Despite claims by the United States that it no longer engages in combat actions in Iraq, there have been numerous reports of involvement of the US troops in military operations in the Middle Eastern country.
PressTV
26th May, 2011
Iraqi demonstrators have gathered in the Iraqi capital of Baghdad to protest against the US attempts to prolong its military presence in the Middle Eastern country beyond the 2011 deadline.
Washington and its allies invaded Iraq in 2003 under the pretext of finding weapons of mass destruction stockpiled by the executed Iraqi dictator Saddam Hussein.
Posted in Iraq | Tagged: End of empire | Leave a Comment »
The Arab spring conquers Iberia
Posted by seumasach on May 25, 2011
Pepe Escobar
25th May, 2011
See also: The European Revolution Begins
“No one expects the #spanishrevolution.” That’s one of the signs in Madrid’s iconic – and occupied – Puerta del Sol Square; Monty Python revised for the age of Twitter.
“I was in Paris in May ’68 and I’m very emotional. I’m 72 years old.” That’s one of the signs in Barcelona’s iconic – and occupied – Plaza Catalunya. The barricades revised as a Gandhian sit-in.
Posted in Battle for Europe | Tagged: European revolution, los indignados | Leave a Comment »
China syndrome and Strauss-Kahn’s fate
Posted by seumasach on May 25, 2011
In this situation, Strauss-Kahn at the IMF played a significant role in reining in German impulses and coordinating a more pan-European economic strategy, which had global implications since the IMF actions de facto pushed Europe for greater political unity. If he were to become France’s president, he could bank on this experience and lead not only France but also Europe. He could also rely on the US’s trust, gained at the IMF and before, that he would not turn the European Union into an anti-American stronghold.
The battle for Europe and to save the dollar can only be at the heart of this affair. This article clarifies extremely well the stakes involved.
Franceso Sisci
26th May, 2011
BEIJING – The fate of Dominique Strauss-Kahn is sealed. The once almost all-mighty International Monetary Fund (IMF) director, projected to become the next president of France and possibly also the most influential European political leader, is no more.
Posted in Battle for Europe | Leave a Comment »
Paul Craig Roberts talks to Max Kaiser
Posted by seumasach on May 25, 2011
Posted in Battle for Europe, Financial crisis | Leave a Comment »
Middle East rift mars US-Russia ‘reset’
Posted by seumasach on May 25, 2011
M.K.Bhadrakumar
26th May, 2011
The last thing Russian President Dmitry Medvedev did before departing for France to attend this week’s Group of Eight summit meeting in Deauville was place a call to Damascus.
Posted in New Cold War | Tagged: Obama agenda, Russian diplomacy | Leave a Comment »
A secret army of mercenaries for the Middle East and North Africa
Posted by seumasach on May 25, 2011
Manilio Dinucci
24th May, 2011
Translated from Il Manifesto
In Zayed Military City, in a training camp in a desert area of the United Arab Emirates (UAE), a secret army is in the making.
Posted in Uncategorized | Tagged: Arab revolution, blackwater | Leave a Comment »
In These New Times 