Archive for the ‘Uncategorized’ Category
Posted by seumasach on October 21, 2008
Antoine Lerougetel
Global Research
21st OCtober, 2008
With minimal debate, the French National Assembly endorsed the government’s €360 billion rescue plan for the banks, a massive transfer of public funds to the financial elite, by a majority of 224 to 23. It is part of a coordinated €2.7 trillion action by the governments of the euro zone (15 countries whose currency is the euro) and Britain. The governing UMP (Union for a Popular Movement) was supported by the New Centre and the MoDem (Democratic Movement of François Bayrou). The Socialist Party (PS) and the Greens abstained and the Communist Party (PCF) voted against.
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Posted in Uncategorized | Tagged: financial collapse | Leave a Comment »
Posted by seumasach on October 21, 2008
David Charter in Strasbourg
21st October, 2008
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Nicolas Sarkozy risked blowing apart the European consensus over how to deal with the financial crisis by proposing today that each country launch sovereign wealth funds to take stakes in key industries to stop them falling into foreign hands.
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Posted in Uncategorized | Tagged: European Union | Leave a Comment »
Posted by smeddum on October 21, 2008
Don’t Bet On the Dollar’s Rally Lasting Much Longer
By: Graham Summers Tuesday, October 21, 2008 8:59 AM istockanalyst
This dollar rally is just about done.
As I’m sure you’re aware, starting in July, the dollar began its biggest rally in years. Seeing this, the talking heads got jiggy and started proclaiming that the currency had entered a bull market.
As usual, they were horribly wrong. Read the rest of this entry »
Posted in Uncategorized | Tagged: dollar collapse, dollar rally | Leave a Comment »
Posted by seumasach on October 21, 2008
Deutsche-Welle
21st October, 2008
French President Nicolas Sarkozy has called on European Union countries to set up their own sovereign wealth funds.
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Posted in Uncategorized | Tagged: financila collapse, Multipolar world | Leave a Comment »
Posted by seumasach on October 21, 2008
MOSCOW, October 21 (RIA Novosti) – Senior members of Britain’s opposition Conservative Party solicited Russia’s richest man Oleg Deripaska this summer for a donation, a mutual acquaintance told The Times newspaper in a letter.
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Posted in Uncategorized | Tagged: euro | Leave a Comment »
Posted by smeddum on October 19, 2008
THE TALIBAN AND THE MYTH OF ‘AL QAEDA’. laatan.blogspot
Recently the Taliban have sought to instigate talks that may lead to a settlement in Afghanistan which the US and their allies now concede is unwinable. Part of the concessions the Taliban are willing to make are to disassociate themselves from ‘al Qaeda’. A reader has asked me to comment on this. Here is my response. Read the rest of this entry »
Posted in Uncategorized | Tagged: "War on Terror", Al qaeda, Taliban | Leave a Comment »
Posted by seumasach on October 19, 2008
Just when you’re thinking the banks are taking everything, we’re reminded of that other pillar of British society: the military/industrial complex.
AFP
Wire dispatch
19th October, 2008
Britain will boost public spending to help pull the economy through a looming recession, Chancellor of the ExchequerAlistair Darling said in an interview published Sunday.
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Posted in Uncategorized | Tagged: Financial crisis | Leave a Comment »
Posted by smeddum on October 19, 2008
Posted : Wed, 15 Oct 2008 19:58:01 GMT Earthtimes Brussels –
Russia should be allowed to join the European Union in the coming years, Italian Prime Minister Silvio Berlusconi said Wednesday. “I consider Russia to be a Western nation. So my project is that the Russian Federation should become a member of the EU in the coming years,” Berlusconi told Italian reporters on the sidelines of an EU summit in Brussels. Read the rest of this entry »
Posted in Uncategorized | Tagged: European Union, russia | Leave a Comment »
Posted by alfied on October 18, 2008
BAGHDAD, October 18 (RIA Novosti) – Thousands of people gathered on the streets of Baghdad on Saturday to protest against the U.S. occupation and a pact that would allow U.S. forces to remain for at least three more years. Read the rest of this entry »
Posted in Uncategorized | Tagged: Iraq occupation protests | Leave a Comment »
Posted by alfied on October 18, 2008
OCTOBER 24-27: BAIL OUT THE PEOPLE, NOT THE BANKERS!
Friday, October 24 – 3-6:30 pm
Federal Hall – 26 Wall Street
Nationally Coordinated, Local Mass Actions
October 24 – 27
A CALL TO ACTION
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donate to help with organizing expenses
The stock markets are crashing, the world economy is headed into a deep recession or even depression, and the U.S. government and its top bankers, along with their counterparts around the world, are giving what’s going to amount to trillions of dollars to bailout the richest 1 percent of the people WHILE DOING NOTHING TO RESCUE ORDINARY WORKING AND POOR PEOPLE! Read the rest of this entry »
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Posted by smeddum on October 17, 2008
The Bank Bailout’s Side Effect: Rising Mortgage Costs
By STEPHEN GANDEL – Fri Oct 17, 1:00 am ET yahoo.news
The government’s effort to boost bank lending to end the credit crisis is hurting one of the areas critical to the nation’s recovery: mortgage rates. In the past week, the average mortgage rate on a 30-year fixed home loan has jumped more than one half a percentage point to 6.74%, according to Bankrate.com. That might not sound like much, but it is the biggest one-week rise in the normally stable lending rate in 21 years. Some economists say mortgage rates could soon top 7%, a level they have not seen in more than six years. Read the rest of this entry »
Posted in Uncategorized | Tagged: bailout, housing crisis, mortgage crisis | Leave a Comment »
In These New Times 