4th January, 2009
GORDON BROWN’S “DECISIVE” strategy to recapitalise Britain’s banks and get them lending again with a £37 billion bail-out, which he claimed has been copied all over the world, has not worked – and the Treasury has no plan B yet.
Archive for January, 2009
Banks bail out a ‘failure … and there’s no plan B’
Posted by seumasach on January 4, 2009
Posted in Financial crisis | Tagged: bailout, bankrupt Britain, financial collapse | Leave a Comment »
Russian-NATO Relations -Cold War Shivers
Posted by seumasach on January 4, 2009
Eric Walberg
24th December, 2008
2008 will be remembered as a turning point in Russia’s relations with the West. It was a tumultuous year, with Kosovo, missiles in Europe and NATO’s seemingly relentless march eastward like thunderclouds gathering on Russia’s horizon, which finally burst 8 August over South Ossetia, bringing tragedy to Georgians, triumph and tragedy to Ossetians and Russians, as the Russian army stopped short of Tbilisi in their defence of the plucky Ossetians.
Posted in New Cold War | Tagged: Multipolar world, Russian diplomacy, south ossetia | Leave a Comment »
Rampage in Gaza for a Bump in the Polls
Posted by seumasach on January 4, 2009
But electoral benefits will only come with military success and that seems most unlikely. What has undoubtedly been achieved by this invasion is to compromise Obama, to lock him in to the neo-con agenda of endless conflict in the Middle East at a moment when he showed clear signs, under his mentors Brzezinski and Soros, of wanting diplomacy in the Middle East with a view to refocusing US aggression against Russia and China. His agenda is in ruins and the US remains hitched to an Israel veering out of control.
Mike Whitney
31st December, 2008
Barack Obama has passed his first test with flying colors. He’s made himself disappear so Israel can continue its killing spree in Gaza. The last time a president shrunk this small was when Ariel Sharon took his wrecking-ball through Jenin during the second intifada. Bush slipped down a mouse hole so Israel’s “Man of Peace” could finish his dirty work unopposed. Now Obama has taken refuge in that same dark hideaway. What a relief it must be for his critics at AIPAC and the far-right think tanks to know that the next Commander in Chief will be every bit as compliant as the last. That’s “continuity they can believe in”.
Posted in New Cold War | Tagged: End of empire, Gaza, Israel, New Cold War, Obama agenda | Leave a Comment »
Consumer cash crisis turns the screw on the high street
Posted by seumasach on January 4, 2009
4th January, 2009
A quarter of all British families will have no disposable income in 2009, dealing yet another blow to the beleaguered retail sector.
Posted in Financial crisis | Tagged: bankrupt Britain, economic collapse, financial collapse | Leave a Comment »
South Asia descends into terror’s vortex
Posted by seumasach on January 4, 2009
M K Bhadrakumar
25th December, 2008
South Asians will watch the year end in a pall of gloom. The region is fast getting sucked into the vortex of terrorism. The Afghan war has crossed the Khyber and is stealthily advancing towards the fertile Indo-Gangetic plains.
Read the rest of this entry »
Posted in Afghanistan, Multipolar world | Tagged: Afghanistan, Terror in Mumbai | Leave a Comment »
U.S. governors seek $1 trillion federal assistance
Posted by smeddum on January 4, 2009
PHILADELPHIA (Reuters) – Governors of five U.S. states urged the federal government to provide $1 trillion in aid to the country’s 50 states to help pay for education, welfare and infrastructure as states struggle with steep budget deficits amid a deepening recession. Read the rest of this entry »
Posted in Financial crisis | Leave a Comment »
MOBILES ‘COULD DAMAGE YOUR HEART AND KIDNEYS’; New health warning
Posted by seumasach on January 4, 2009
12th Decemeber, 2008
A DISTURBING new report claims that mobile phones could cause serious long-term damage to the heart and kidneys.
Scientists found that exposing red blood cells to low-level radiation caused them leak a subsance called haemoglobin.
The iron-based part of a red blood cell is vital because it carries oxygen around the body.
But if the haemoglobin leaks from the cells then it accumulates in the kidneys and heart, which could seriously damage your health. Read the rest of this entry »
Posted in Ecological and Public Health Crisis | Tagged: cell phones, EM radiation health hazard | Leave a Comment »
The First Goal of Israel Is to Restore the Fear of Israel in the Arab World
Posted by smeddum on January 4, 2009
Interview with Norman G. Finkelstein:
The First Goal of Israel Is to Restore the Fear of Israel in the Arab World
by Press TV
The whole world — including Hamas and Iran — support a two-state solution, but Israel rejects it.
Press TV: In a week of violence in the Gaza Strip we’re witnessing, what do you make of the situation? Read the rest of this entry »
Posted in Drive to Global War | Leave a Comment »
US emerging as failed State
Posted by smeddum on January 3, 2009
False Deflation Diagnosis and Gold Bullish Crossover Signal
Jan 02, 2009 – 05:25 AM
By: Jim_Willie_CB Market Oracle
One of the most bothersome questions from 2005 to 2007 used to be whether the Untied States would ultimately submit to inflation or deflation. This is actually the wrong question. Many analysts in my view are incorrect in their conclusion that the US suffers from a powerful deflation episode, since they endorse the wrong definition, confuse effect with cause (as usual), do not properly monitor the money flow, and then draw improper conclusions from prices. They suffer from a type of Keynesian Tunnel Vision. They are confused, and fail to adapt certain key measures after the financial sector highjacked the entire national system in the last two decades. Read the rest of this entry »
Posted in Financial crisis | Tagged: dead banks, declining dollar, economic disaster, economic disintegration, End of empire, failing banks, western media | Leave a Comment »
Understanding the Crisis in Zimbabwe
Posted by smeddum on January 1, 2009
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Cynicism as a substitute for scholarship
by Stephen Gowans
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Global Research, December 31, 2008
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Mahmood Mamdani’s largely sympathetic analysis of the Mugabe government, “Lessons of Zimbabwe,” published in the December 4, 2008 London Review of Books, has been met with a spate of replies from progressive scholars who are incensed at the Ugandan academic throwing out the rule book to present an argument based on rigor and analysis, rather than on the accustomed elaboration of comfortable slogans and prejudices that has marked much progressive scholarship on Zimbabwe. Their criticism of Mamdani has been characterized by ad hominem assaults, arguments that either lack substance or sense, and the substitution of cynicism for scholarship. Read the rest of this entry » |
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Posted in Zimbabwe | 5 Comments »
In These New Times 