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General Motors, Driven to the Brink

Posted by smeddum on October 26, 2008

General Motors, Driven to the Brink

By BILL VLASIC and NICK BUNKLEY NewYorkTimes
Published: October 25, 2008
IN late May, senior executives at General Motors confronted a decision that few thought they would ever face: whether to continue developing the next generation of one of the most successful products in G.M.’s 100-year history — the full-size sport utility vehicle — or to punt the program entirely.

Saying Goodbye to the S.U.V. Read the rest of this entry »

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The Age of Triumphalism is over

Posted by smeddum on October 26, 2008

The Age of Triumphalism is over
Americans are no longer in the mood to chase after distant evildoers.
By Andrew J. Bacevich LosAngelosTimes
October 26, 2008
All but lost amid the hullabaloo of the presidential campaign, the State Department recently dropped North Korea from its list of state sponsors of terrorism. Kim Jong Il pocketed a concession that even a year ago would have seemed unimaginable. The American people — feeling more threatened by Wall Street than by Pyongyang — managed barely a shrug. Read the rest of this entry »

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Just another British Crime: Chagos Islanders lose eviction battle

Posted by alfied on October 25, 2008

Whilst this entity exists Humanity can never progress

BRITAIN : FAMILIES EVICTED from their homes on an island in the Indian Ocean lost their long-running battle to return yesterday when the law lords (the senior court of appeal court in the UK) ruled by a majority of three to two in favour of the British Foreign Office. Read the rest of this entry »

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Financial crisis: Hedge Fund turmoil is hitting millions of savers, experts say

Posted by seumasach on October 24, 2008

 

Harry Wallop

Telegraph

24th October, 2008

Though very few private investors have their money tied up in hedge funds, everyone who owns shares will be affected – including the estimated nine million people whose pensions are invested in the stock market.

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Peter Schiff on gold and the dollar

Posted by smeddum on October 24, 2008

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Sarkozy challenges Germans with new Europe power bid

Posted by seumasach on October 23, 2008

 

John Lichfield

Independent

23rd October, 2008

President Nicolas Sarkozy would like to emerge as the economic “president” of Europe until 2010 – overseeing a united response to the world financial crisis by the 15 Euroland nations and Britain.

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Sarkozy plans new French wealth fund

Posted by seumasach on October 23, 2008

 

Ben Hall

FT

23rd October, 2008

President Nicolas Sarkozy on Thursday said France would set up a new “strategic investment fund” to stop French companies from falling into the hands of foreign “predators”.

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Bolivia`s ruling party, opposition agree to referendum on constitution

Posted by seumasach on October 22, 2008

 

The legislators said they had reached an important agreement to answer the Bolivian people, who had been assembling at the Murillo Square in La Paz since Monday morning
22nd October, 2008
LIMA, Oct. 20 (Xinhua) — Bolivia’s ruling party and opposition reached an agreement Monday to call a referendum on a new constitution after several days of dialogue, according to news reports reaching here from La Paz, administrative capital of Bolivia.

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Shock Horror: Some early voters are claiming that some voting machines are switching their votes

Posted by alfied on October 22, 2008

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La voix de la France dans le monde

Posted by seumasach on October 22, 2008

 

Tribune de Jean-Pierre Chevènement parue dans Le Monde, édition du 23 octobre 2008.
Le président de la République,dans son discours de Toulon, n’a pas sous-estimé la gravité de la crise. Mais il l’a réduite à la logique du capitalisme financier. Certes, il a eu raison de flétrir les excès de la titrisation qui a déresponsabilisé les banques, mais il n’a pas dit qui a encouragé cette “titrisation”. Il a surtout fait l’impasse sur la dimension géopolitique de la crise. 

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Stratfor gloomy on US foreign policy options

Posted by smeddum on October 22, 2008

The Medvedev Doctrine and American Strategy
OCTOBER 21, 2008
September 2, 2008
By George Friedman GeorgianDaily

The United States has been fighting a war in the Islamic world since 2001. Its main theaters of operation are in Afghanistan and Iraq, but its politico-military focus spreads throughout the Islamic world, from Mindanao to Morocco. Read the rest of this entry »

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