In These New Times

A new paradigm for a post-imperial world

Archive for March, 2009

Zimbabwe: Taskforce On Sanctions Welcome

Posted by smeddum on March 17, 2009

17 March 2009

Published by the Government of Zimbabwe

AllAfrica.com

editorial 

Harare — THE planned setting up of a ministerial taskforce to spearhead the anti-sanctions drive and to seek the normalisation of relations with the European Union is a step in the right direction. Read the rest of this entry »

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Jon Stewart’s Epiphany: Has a Comedian Just Saved America?

Posted by smeddum on March 17, 2009

by Pam Martens

Global Research, March 16, 2009
Counterpunch.org/

 

As testimony to how Orwellian life has become under the outrages of Wall Street hubris, last week saw a comedian, who poses as an anchor on a fake news show, grab the reins of the Wall Street investigation from the actual investigators in Congress. Read the rest of this entry »

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The Financial Sector: “A House Burning Down”

Posted by smeddum on March 17, 2009

3
Ben Bernanke’s False Analogy

By Prof. Michael Hudson

March 16, 2009 “Global Research” On the March 15 CBS show “60 Minutes”, Federal Reserve Chairman Ben Bernanke used a false analogy already popularized by President Obama in his quasi-State of the Union Speech. He likened the financial sector to a house burning down – fair enough, as it is destroying property values, leading to foreclosures, abandonments, stripping (for copper wire and anything else recoverable) and certainly a devastation of value. The problem with this analogy was just where this building was situated, and its relationship to “other houses” (e.g., the rest of the economy). Read the rest of this entry »

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Business as usual at IMF

Posted by seumasach on March 17, 2009

Crise économique : le FMI persiste et signe

Voltairenet.org

14th March, 2009

Translation at foot of each paragraph

Pourquoi changer une politique qui conduit à la faillite, lorsque les victimes sont les autres ? Telle est la question qui se pose au Fonds monétaire international et à laquelle il ne répondra pas. Au contraire, sous la houlette de Dominique Strauss-Kahn, le FMI entend utiliser la crise pour réduire. un peu la marge de manœuvre des États pauvres. Pour Damien Millet et Eric Toussaint, responsables du CADTM (Comité pour l’annulation de la dette du tiers-monde), il faut dissoudre sans attendre une institution internationale qui a conçu ses prêts comme un moyen de domination.

[Why change policies which led to failure, when the victims are others? This is the question the IMF fails to answer. On the contrary, under the leadership of Dominique Strauss-Kahn, the IMF aims to use the crisis to limit the room for manoeuvre of the poorer states. For Damien Millet and Eric Toussaint of the CADTM(Committee for the Cancellation of the Third-World Debt) we must dissolve this institution which uses debt as an instrument of domination.]

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Ireland: Sudden Death Syndrome strikes yet again

Posted by seumasach on March 17, 2009

Belfast Telegraph

16th March, 2009

Click here for more background

Tributes were paid today to the 16-year-old schoolboy who died suddenly at the weekend while playing football.

The body of Oisin McGuinness was returned to his family home in Newry yesterday while friends of the talented youngster rallied around his devastated family.

Read the rest of this entry »

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Bolivia passes land from rich to poor

Posted by seumasach on March 16, 2009

14th March, 2009

LA PAZ (Reuters) – Emboldened by a new leftist constitution, Bolivia President Evo Morales on Saturday handed over ownership of farmland seized by the state from wealthy estate holders to poor indigenous people. 
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Something is Rotten in the State of Iceland

Posted by seumasach on March 15, 2009

Where’s the money gone?- that is the question.

Iris Erlingsdottir

Huffington Post

15th March, 2009

In a remarkable interview on Icelandic television last week, Eva Joly, the famous French-Norwegian investigative magistrate and corruption fighter, stated that an investigation of the financial crimes that resulted in Iceland’s financial catastrophe (the kreppa) was necessary “for the social contract, for having the feeling of being at nation and living together.”

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Bailout money is flowing abroad

Posted by seumasach on March 15, 2009

But City experts analysing the scheme for The Independent say large quantities of money will simply end up abroad because so many of the gilts are held by foreign investors. They fear that they will hoard the cash, which will be of no benefit to the British economy, or dump it in favour of safer currencies, which could cause a run on sterling. More than a third of gilts are owned by foreign entities, official statistics reveal, and there are doubts about how effective the policy will be if that sort of proportion of the new money is diverted abroad.

Independent

14th March, 2009

The Bank is in the process of purchasing about £75bn of government securities, or gilts, over a three-month period, the first instalment of a massive £150bn programme. The Bank is effectively converting these government securities or gilts into cash and bank balances which, it is hoped, will be used to support lending and spending in the UK and boost the economy.

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Latinoamérica oxigena economía rusa en tiempos de crisis

Posted by smeddum on March 15, 2009

Latinoamérica oxigena economía rusa en tiempos de crisis
Por Jorge Petinaud Martínez
Periodico

Moscú, 14 mar (PL) La celebración esta semana de seminarios de negocios ruso-guatemaltecos aquí y en San Petersburgo y un informe publicado por la cancillería confirman hoy la importancia del mercado latinoamericano para Rusia en tiempos de crisis. Read the rest of this entry »

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Dangerous decisions in Afghanistan Pt. 3

Posted by seumasach on March 15, 2009

The Real News Network

14th March, 2009

See also:

Moscow, Tehran force the US’s hand


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Nobody listens to the real climate change experts

Posted by smeddum on March 15, 2009

The minds of world leaders are firmly shut to anything but the fantasies of the scaremongers, says Christopher Booker.

By Christopher Booker
14 Mar 2009
Telegraph

Considering how the fear of global warming is inspiring the world’s politicians to put forward the most costly and economically damaging package of measures ever imposed on mankind, it is obviously important that we can trust the basis on which all this is being proposed. Last week two international conferences addressed this issue and the contrast between them could not have been starker.
The first in Copenhagen, billed as “an emergency summit on climate change” and attracting acres of worldwide media coverage, was explicitly designed to stoke up the fear of global warming to an unprecedented pitch. As one of the organisers put it, “this is not a regular scientific conference: this is a deliberate attempt to influence policy”. Read the rest of this entry »

Posted in Ecological and Public Health Crisis | Tagged: | Leave a Comment »