Author Archive
Some congressman threatened with martial law if bailout rejected
Posted by seumasach on October 5, 2008
Posted in Uncategorized | Leave a Comment »
Debt bondage: A Christian Perspective on the Paulson Bank Bailout
Posted by seumasach on October 5, 2008
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Dr Michael Hudson 5th October, 2008 An unprecedented popular protest led Congress to reject the Treasury’s initial bailout plan on Monday, September 29. Most commentators have noted how ironic and seemingly out-of-character it was that the bailout was defeated mainly by Republicans, and indeed by the party’s right-wing Bible Belt Conservatives. But would it be too much to hope that these Congressmen bore in mind the Christian ethic embodied in Matthew 18 – almost literally a Biblical condemnation of the bailout’s terms? |
Posted in Uncategorized | Tagged: the bailout | Leave a Comment »
The Euro-Is Mandelson thinking the unthinkable?
Posted by seumasach on October 5, 2008
Cailean Bochanan
5th October, 2008
Mandelson is back, declaring Britain to be in “something approaching a national emergency”. That’s very diplomatic: in fact, it is bankrupt. Ever since the collapse of Northern Rock the government have been discreetly channeling public funds to the banks. That this process was nearing its limits was shown when Mervyn King, head of the Bank of England, threatened to resign. Brown in his desperation went to Washington to talk up the US bailout from which it appears British banks would benefit substantially. Paulson tried to bounce the Europeans into a similar bailout of which, once again, Britain would be the beneficiary. This was scotched by Germany and has been dropped. Where else can Britain go, cap in hand?
Posted in Uncategorized | Tagged: join the euro! | 3 Comments »
The party’s over for Iceland, the island that tried to buy the world
Posted by seumasach on October 5, 2008
An off-shore economy based on financial wheeling and dealing and extravagant consumption being forced to look for salvation in Europe and the euro: this is the spectre of Britain to be.
Tracy McVeigh
5th October, 2008
The snow has arrived early in Reykjavik after an unusually long and warm summer. The freeze has brought out the ghostly green haze of the aurora borealis – the Northern Lights – the shape of which shifts dramatically across the tiny city’s black skies.
Posted in Uncategorized | Tagged: euro, Iceland | Leave a Comment »
Bail out, Congressman
Posted by seumasach on October 4, 2008
US corporate greed and political complicity
3rd October, 2008
Paul J. Balles predicts that the next great disaster for the USA won’t be from terrorists abroad giving Washington a lame excuse to go to war, but it will be “a severely pained American public rising up … against the US corporate monarchy”.
Posted in Financial crisis | Tagged: financial collapse | 1 Comment »
Georgian party tells president to give up palace for refugees
Posted by seumasach on October 4, 2008
TBILISI, October 4 (RIA Novosti) – Georgia’s opposition Labor Party called on the president Saturday to sell off his new residence to buy accommodation for people left homeless by the August conflict over South Ossetia.
Posted in Uncategorized | Tagged: georgia | Leave a Comment »
Mercosur insight
Posted by seumasach on October 4, 2008
The MERCOSUR, Mercado Común del Sur, (Common Market of the South) is an ambitious economic integration project which includes the founding members Argentina, Brazil, Paraguay, Uruguay and this year Venezuela. Chile and Bolivia are associate members. Peru, Ecuador, Colombia have expressed their willingness to join the group, and Mexico has shown a growing interest.
Posted in Multipolar world | Tagged: mercosur | Leave a Comment »
California is asking 7 billion USD from Uncle “Hank” Paulson
Posted by seumasach on October 4, 2008
California is the latest US state to be feeling economic shockwaves from the financial crisis on Wall Street in the form of budget deficits, dwindling finances and plummeting pension funds.
Posted in Uncategorized | Tagged: california goes bankrupt | Leave a Comment »
No Bailout ! “They Will Kill You !
Posted by seumasach on October 3, 2008
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No probe on cancer scare garda mast
Posted by seumasach on October 3, 2008
GARDAI have not carried out any investigation into a possible link between a radio mast erected on a Dublin station and the high instances of cancer in the immediate area.
Locals living near Ronans-town Garda Station were under the impression that senior gardai had ordered an inquiry into potential links between the masts and the fact that nine officers based there have suffered brain cancer.
But the Herald has learned that no such investigation has taken place.
Posted in Ecological and Public Health Crisis | Tagged: cell phone masts, masts and health | Leave a Comment »
Mary Dejevsky: Amid the chaos, we should hail the triumph of Europe
Posted by seumasach on October 3, 2008
For all that Europe has adopted the language of neo-liberalism, it has a way to go catch up, or rather, slide back to the UK and the USA. That this was the case was shown by the endless Anglo-saxon tirades against “socialist” Europe. Just how far the neo-liberal rot had set in will be revealed by this crisis, but I suspect it will pale in comparison to the devastation over here. Unlike the UK, Europe still has a substantial high-tech industrial base, thriving agriculture, good infrastructure and high levels of education. It still has a bureaucracy which has served as a check on oligarchy and a robust dirigiste tradition. The EU doesn’t run a huge current account deficit nor is its public sector saddled with massive debt from PFI/PPP schemes: the Euro is a rising currency. Sometimes we forget that we are actually members of the EU such is the permanent mood of hostility promoted by our press. It’s time to recognise our good fortune and to enter fully into the spirit of building Europe and to join the Euro as soon as possible.
Mary Dejevsky
3rd October, 2008
The vast majority of European financial institutions are not in difficulty
President Sarkozy has called European leaders to Paris tomorrow to discuss what everyone is fatalistically calling the global financial crisis. But it is not a world financial crisis, is it? It would be more accurate to describe it as a crisis of what the French used to call, with a contemptuous Gallic shrug, the “Anglo-Saxon model”.
Posted in Financial crisis | Tagged: join the euro! | 3 Comments »
