In These New Times

A new paradigm for a post-imperial world

Author Archive

Davos, Dakar and a ton of BRICS

Posted by seumasach on January 26, 2011

Pepe Escobar

Asia Times

27th January, 2011

What passes for a global elite has just invested in the two-hour drive in the snow from Zurich to Davos in Switzerland for the 2011 World Economic Forum (WEF) – ostensibly to discuss the state of the world under the overarching theme “Shared Norms for the New Reality”. One of these norms is “collective sacrifice” – which in the context of the rich and powerful may sound as the ultimate paradox. The mood in Davos is expected to be “somber”.

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UK spies against palestine resistance

Posted by seumasach on January 26, 2011

PressTV

26th January, 2011

Britain’s foreign spying apparatus, MI6, had drawn up secret strategies for the Palestinian Authority to annihilate resistance movements, leaked documents revealed.

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CrossTalk: Times of Uprisings?

Posted by seumasach on January 26, 2011

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I will not dignify this witch hunt

Posted by seumasach on January 26, 2011

Maureen Murphy

Antiwar.com

26th January, 2011

I have been summoned to appear before a federal grand jury in Chicago on Jan. 25. But I will not testify, even at the risk of being put in jail for contempt of court, because I believe that our most fundamental rights as citizens are at stake.

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Long live BRIC, welcome MIST

Posted by seumasach on January 25, 2011

Sreeram Chaulia

Asia Times

26th January, 2011

After setting the terms of discourse in world affairs at the turn of the millennium with the coinage, “BRIC” (Brazil, Russia, India and China), Jim O’Neill – the former chief economist of GoldmanSachs – has just kick-started the new decade with a fresh acronym: “MIST” (Mexico, Indonesia, South Korea and Turkey).

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Tunisian protests persist as teachers go on strike

Posted by seumasach on January 25, 2011

Today’s Zaman

25th January, 2011

Shouting Tunisian protesters smashed police cars after they were hit by tear gas as tensions resumed Monday in the capital of a country struggling to stabilize itself after the president was overthrown.

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Mutagenic response of 2.45 GHz radiation exposure on rat brain.

Posted by seumasach on January 25, 2011

Pubmed

April 2010

Abstract

PURPOSE: To investigate the effect of 2.45 GHz microwave radiation on rat brain of male wistar strain.

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Plan would place burden for Euro rescue on creditors

Posted by seumasach on January 25, 2011

Spiegel

24th January, 2011

Despite public denials, euro zone governments are currently working on a proposal to relieve Greek bond debt. The proposal has a number of advantages for all countries involved, but it also entails risks that may be insurmountable. Some believe regulatory pressure will be required to force banks to take voluntary losses on their loans to Athens.

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Sterling dives as UK economy posts shock Q4 contraction

Posted by seumasach on January 25, 2011

All this has to be seen in the light of grossly understated inflation figures. Anyone can see the high street trading has been dying for some time. We are a nation of consumers or we are nothing: we’re certainly not a nation of producers. The anti-euro campaign seems to be running out of steam and so there is nothing left to protect the pound. The property market is dead. We have a record trade deficit and unrivalled mountains of debt. A sharp reality check is on the way and we face it virtually friendless- the US won’t be in any kind of shape to help out. What looms ahead is frightening, almost unimaginably so.

Investment Week

25th January, 2011

UK GDP contracted by 0.5% in the last three months of 2010, shocking economists who had predicted growth of between 0.2% and 0.6% and sending sterling into freefall.

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China bank moves to buy U.S. branches

Posted by seumasach on January 25, 2011

Wall Street Journal

22nd January, 2011

CHICAGO—China’s biggest bank signed an agreement that would make it the first Beijing-controlled financial institution to acquire retail bank branches in the U.S., though regulators could still block the deal.

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The most predictable financial calamity in history

Posted by seumasach on January 25, 2011

Greg Hunter

USA Watchdog

24th January, 2011

In November 2010, the Federal Reserve announced a second round of economic stimulus commonly referred to as Quantitative Easing (QE2).  The reason, according to the Fed, was“progress toward its objectives has been disappointingly slow.”   So, to try and turn the economy around, the Fed said, “. . . the Committee intends to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter (June) of 2011, a pace of about $75 billion per month.” (Click here to read the complete announcement from the Fed.) QE means the Fed basically creates money out of thin air to buy debt.  The current money printing orgy is financing more than half of U.S. government right now.  The first round of QE bought toxic mortgage debt and bailed out the bankers.

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