Posted by seumasach on January 23, 2009
John Hoefle
Jan. 16—The sudden bailout of Bank of America today, and the renewed talk of the need to buy hundreds of billions of dollars of bad assets from the banks, shows that the bailout process is entering a desperate and dangerous new phase. All the official verbiage aside, the bailout shows that not just Bank of America, but the banking system itself, is bankrupt, despite the trillions of dollars our government has thrown down the bailout rathole.
Posted in Financial crisis | Tagged: stop the bailout | Leave a Comment »
Posted by seumasach on January 23, 2009
22nd January, 2009
Iceland’s embattled prime minister resigned on Friday citing medical reasons and called an early election for May, a move that could prompt a dramatic shift to the left after a 20-year experiment in free market economics.
Posted in Financial crisis | Tagged: bankrupt iceland | Leave a Comment »
Posted by seumasach on January 23, 2009
Jan. 23 (Bloomberg) — Bolivian President Evo Moralessigned a decree today nationalizing BP Plc-controlledEmpresa Petrolera Chaco SA “in its entirety,” according to remarks he made today that were broadcast on Bolivian state television.
Posted in Multipolar world | Tagged: Bolivarian Revolution | Leave a Comment »
Posted by seumasach on January 23, 2009
This also opens the way for war crimes charges to be made against the US and the UK who have been using depleted uranium in Iraq
22nd January, 2009
There is more than enough evidence that Israel committed war crimes in its three week-long offensive into Gaza, says a UN investigator.
Posted in Palestine | Tagged: Gaza, Palestine | Leave a Comment »
Posted by seumasach on January 22, 2009
F. William Engdahl
22nd January, 2009
During the end of the 1970’s into the 1980’s British Conservative Prime Minister Margaret Thatcher and the City of London financial interests who backed her, introduced wholesale measures of privatization, state budget cuts, moves against labor and deregulation of the financial markets. She did so in parallel with similar moves in the USA initiated by advisers around President Ronald Reagan. The claim was that hard medicine was needed to curb inflation and that the bloated state bureaucracy was a central problem. For almost three decades, Anglo-American university economic faculties have turned to Thatcherite deregulation of financial markets as ‘the efficient way,’ in the process, undoing many of the hard-fought gains secured for personal social security, public health care and pension security of the population. Now the ‘poster child’ economy of the Thatcher Revolution, Great Britain, is sinking like the proverbial Titanic, a testimony to the incompetence of what is generally called Neo-liberalism or free market ideology.
Posted in Financial crisis | Tagged: bankrupt Britain, death agony of thatcherism | 1 Comment »
Posted by seumasach on January 22, 2009
| Mercopress
22nd January, 2009 Bolivians are expected to approve a new constitution on Sunday that the first indigenous president of the country Evo Morales hopes will transform the life of millions of his fellow citizens by giving them more power. |
Posted in Multipolar world, Rights of indigenous peoples | Tagged: Bolivarian Revolution, bolivia, Rights of indigenous peoples | Leave a Comment »
Posted by seumasach on January 22, 2009
Mousa Abu Marzook
22nd January
Israel’s objectives from the war on Gaza were set long before its launch: to remove the Hamas movement and government, achieve the reinstallation of the Fatah leader, Mahmoud Abbas, in Gaza, and end the armed resistance. Two other objectives were not announced. First, restore the Israeli public’s wavering confidence in its armed forces after its defeat by Hezbollah in 2006. Second, boost the coalition government in the coming elections.
Posted in Palestine | Tagged: Palestine | Leave a Comment »
Posted by seumasach on January 22, 2009
22nd January, 2009
Two police officers are seriously injured after being hit with flagstones during a struggle with protestors on Austurvöllur parliament square in Reykjavík last night. Police resorted to the use of tear gas bombs—the first time such a tactic has been used since the protests in 1949.
From the protests on Tuesday. Photo by Páll Stefánsson.
Protestors fled the scene and one protestor was taken to the emergency room because of the gas. After the smoke cleared, people returned to the square, some stoning police, who again resorted to tear gas, Morgunbladid reports.
Posted in Financial crisis | Tagged: Iceland, iceland protests | Leave a Comment »
Posted by seumasach on January 21, 2009
20th January, 2009
Late last night I returned from a four-day visit to Iceland with Professor Anne Sibert, co-author of a reportanticipating the collapse of the Icelandic banking system and joint carer for our cats and children.
Posted in Financial crisis | 1 Comment »
Posted by seumasach on January 21, 2009
Eric Wallberg
20th January, 2009
More tricks and hot air from across the Atlantic leave Europeans in the cold
A hurried resolution to the Ukraine-Russia gas war was reached during a visit to Moscow by Ukrainian Prime Minister Yulia Timoshenko to meet with her Russian counterpart, Vladimir Putin this week. Ukraine finally agreed to pay higher European prices for Russian gas from 2010, after a 20 per cent discount in 2009.
Posted in New Cold War | Tagged: gas wars, Ukraine, ukraine EU NATO | 1 Comment »
Posted by seumasach on January 21, 2009
Chuck Spinney
20th January, 2009
The last time the US restrained Israel in its never-ending wars of aggression was when President Eisenhower pulled the plug on the Anglo-French-Israeli effort to grab the Suez Canal in 1956.
Posted in Palestine | Tagged: Gaza, Obama agenda, Palestine | 1 Comment »
