Posted by seumasach on October 16, 2008
RTTNews) – In early trading on Thursday, the Norwegian krone slumped to its lowest level since January 1999 against the European currency as the Norwegian central bank lowered its key interest rate by 0.5% to 5.25% yesterday to avert an economic slowdown caused by the global credit crisis. The krone also plummeted to a 2-year low against the dollar.
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Posted by smeddum on October 15, 2008
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Posted by seumasach on October 15, 2008
France 13/10/2008 : The official publication on the 8th of October 2008 – mostly in catimini- of the first
intermediate results of the International Interphone Study from the International Research Centre on
cancer dependent on WHO confirms the increased tumors and cancer cases due to the use of mobile
phone.
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Posted by seumasach on October 14, 2008
Cailean Bochanan
14th October, 2008
Optimism returned to the markets today as Gordon Brown, the rock on which the new doctrine of “part-nationalisations” is built, set the master plan in motion. But will it work, will it, as they say, “do the trick”?
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Posted by smeddum on October 14, 2008
West Takes Aim at Belarus’ Pro-Social Policies
Belarus is one of the few remaining genuine alternatives to the neo-liberal economic order. A US nurtured and bankrolled fifth column is working with Washington to topple it from within.
By Stephen Gowans gowanswordpress.com
The US government has nurtured a fifth column in Belarus to help overthrow the Lukashenko government to replace its socialist-oriented policies with a made-in-the-USA neo-liberal regime that favours US investors and corporations. Read the rest of this entry »
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Posted by seumasach on October 13, 2008
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Posted by seumasach on October 13, 2008
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Posted by smeddum on October 12, 2008
By Aleh Tsyvinski and Sergei Guriev, Special to Gulf News
Published: October 13, 2008, 00:03
Russia’s government is sitting on a giant pile of cash that it plans to invest in foreign assets. The glimpse of its economic muscle was revealed last week when the Prime Minister of Iceland announced that Russia may come with about $5 billion to save its troubled economy. Who could have thought that, given the chaotic Russia of the 1990s, only ten years later it would be in the position to bail out a developed country? Even more surprising is the fact that the helping hand for Iceland comes at a time when the domestic stock market is in a freefall and trading on the Moscow stock exchange is routinely halted. Read the rest of this entry »
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Posted by seumasach on October 12, 2008
Bush begged the G-7 to help fix America’s economic meltdown. Like a drowning man trying to hang onto the back of a good swimmer, or like a criminal trying to bring in others to his defense, he pleadingly said “We’re all in this together.”
Posted in Uncategorized | Tagged: financial collapse, independent Europe | 1 Comment »
Posted by smeddum on October 12, 2008
Columns – Inside the glass house
Financial crisis hits world body: UN banks on empty pledges Sunday Times
By Thalif Deen at the united nations
NEW YORK – The financial crisis, which has continued to destabilise stock markets and undermine the global banking system, is expected to have a negative impact on the perpetually cash-strapped United Nations and its development activities — sooner than later. Read the rest of this entry »
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Posted by seumasach on October 12, 2008
Cailean Bochanan
12th October, 2008
The reason all the deception and hype about the government’s midweek intitiative is now becoming clear: it wasn’t just about fooling the British public but was aimed at a wider audience. Brown wished this bailout plan to be the model which the wider world will follow as collapsing markets lead,he will be hoping, to panic and loss of judgement. The government has just announced they will be taking major stakes in the main banks, which is odd because that was meant to be what last Wednesday’s announcement was about. Are the falling markets simply forcing the government’s hand? -after all,the banks and the government were keen to avoid a government stake but now there is even talk of full nationalisation. Or is this just further deception providing cover for those who may wish to impose similar plans on other economies?
Posted in Uncategorized | Tagged: financial collapse, stop the bailout | 1 Comment »
In These New Times 