The Government is set to throw out the 165-year old law that obliges the Bank to publish a weekly account of its balance sheet – a move that will allow it theoretically to embark covertly on so-called quantitative easing. The Banking Bill, which is currently passing through Parliament, abolishes a key section of the law laid down by Robert Peel’s Government in 1844 which originally granted the Bank the sole right to print UK money. Read the rest of this entry »
Archive for January, 2009
Channel 4 presses Israeli popinjay liar
Posted by smeddum on January 12, 2009
Posted in Palestine | Tagged: Palestine | Leave a Comment »
Killer Robots
Posted by smeddum on January 12, 2009
Killer Robots
11/1/09
In a Japanese factory, a robot suddenly (activated)/ (turned on) a lathe, killing one of its workers. What was the cause? An electromagnetic wave produced by an electric spark coming from a crane. Read the rest of this entry »
Posted in Ecological and Public Health Crisis | Leave a Comment »
Reform plan raises fears of Bank secrecy
Posted by smeddum on January 12, 2009
The Bank of England will be able to print extra money without having legally to declare it under new plans which will heighten fears that the Government will secretly pump extra cash into the economy.
Posted in Financial crisis | Tagged: Bank of England, quantitative easing | 1 Comment »
Palestine Children: Song by four year old
Posted by smeddum on January 12, 2009
Posted in Uncategorized | Tagged: "War on Terror" | Leave a Comment »
We Will Not Go Down: Song for Gaza
Posted by smeddum on January 12, 2009
Posted in Uncategorized | Tagged: Michael Heart | Leave a Comment »
Gaza Strip tunnels prove daunting for Israel
Posted by seumasach on January 11, 2009
10th January, 2009
Reporting from Washington and Rafah, Egypt — Some of them are said to be big enough to accommodate railroad cars. They may reach a depth of 60 feet, and are reported to be equipped with cables and electric motors that move food, fuel — and probably some of the heaviest rockets that Hamas aims at Israel.
Posted in Palestine | Tagged: Gaza, Palestine | Leave a Comment »
Jordan urges world pressure on Israel to stop Gaza attacks – Summary
Posted by seumasach on January 11, 2009
“Israel is committing flagrant violations of international law by ignoring Resolution 1860 and going ahead with its aggression, using universally prohibited weapons,” Bashir added.
Israel has rejected the resolution which calls for an immediate ceasefire in the Gaza Strip.
Earlier, Jordan’s King Abdullah II discussed the rising tensions with Palestinian President Mahmoud Abbas, and “stressed the responsibility of the world community in forcing Israel to … stop its aggression and allow entry of humanitarian aid to the Palestinian people,” a royal court statement said.
Abbas made a stopover in Amman after meeting Egyptian President Hosny Mubarak in Cairo on his way back home from New York where he attended the UN Security Council deliberations that produced Resolution 1860.
King Abdullah “underscored the importance of coming up with a unified Arab attitude that foils the Israeli schemes and helps the launching of a real world effort to find a solution for the conflict on the basis of ending the occupation and setting up an independent Palestinian state,” the statement said.
Meanwhile, the Jordanian government came under fresh attack in the lower house of parliament on Sunday for its failure to sever ties with Israel and dismiss the Israeli ambassador from Amman.
Prime Minister Nader Dahabi has said that all options are open to Jordan including a “review” of ties with Israel.
Copyright, respective author or news agency
Posted in Palestine | Tagged: Gaza, Palestine | Leave a Comment »
Chinese Central Bank to Test Program to Settle Trade in Yuan Rather Than Dollars
Posted by seumasach on January 11, 2009
Chinese Central Bank to Test Program to Settle Trade in Yuan Rather Than Dollars
Naked Capitalism
10th January, 2009
While it would be easy to dismiss this move by the People’s Bank of China to inch away from dollar based invoicing, the fact is that the use of other currencies for denominating trade transactions has been on the rise. We cited this Globe and Mail story back in February:
The chief executive of jewellery giant De Beers SA made waves this week when he suggested the global diamond industry consider pricing the shiny gems in a currency other than the U.S. dollar.
Posted in Palestine | Tagged: dollar collapse, Palestine | Leave a Comment »
Where have our friends gone?
Posted by seumasach on January 11, 2009
11th January, 2009
Turkish Prime Minister Recep Tayyip Erdogan asked to speak with his Israeli counterpart Ehud Olmert just before the start of Israel’s offensive in Gaza. Olmert avoided Erdogan because he did not want to tell the Turkish premier about the coming attack. He did not want to be in Menachem Begin’s situation when Begin spoke to Egyptian president Anwar Sadat one time in 1981 and did not tell him Israel was about to attack Iraq’s nuclear reactor. As a result, Erdogan was enraged and insulted. Turkish sources say Erdogan’s campaign of insults against Israel in recent weeks is a reaction to this.
Posted in Palestine | Tagged: Gaza, Palestine | Leave a Comment »
War on Gaza – Timeline
Posted by seumasach on January 11, 2009
5th January, 2009
The following is a timeline of events leading to the ongoing violence in the Gaza Strip that began on December 27 with Israel’s aerial bombardment of Hamas-linked compounds in the coastal sliver:
Posted in Palestine | Tagged: Palestine | 1 Comment »
Hamas rockets hit five Israeli cities
Posted by seumasach on January 11, 2009
Palestinian fighters have fired more rockets from the Gaza Strip into Israel on the 16th day of Israeli incursion into the besieged region.
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