In These New Times

A new paradigm for a post-imperial world

Archive for the ‘Uncategorized’ Category

Banks to seal control of media industry?

Posted by smeddum on September 22, 2009

A Curious Snag In Debt-For-Equity Restructurings As Goldman And JPM Do A Stealthy Roll Up Of The Media Industry

Submitted by Tyler Durden

09/20/2009 19:11 -0500

ZeroHedge

While most hedge funds traditionally have an on-shore and an off-shore investment vehicle, the bulk of investable capital is allocated to accounts domiciled in the Caymans, Bahamas, Isle of Man, or some other tax “friendly” country, as LPs are never too crazy about that little snag known as taxes, and offshoring provides some nice and useful alternatives to said snag. Distressed hedge funds, those that acquire either secured or unsecured debt with the hope of equitization, are no exception. Yet equitization by essentially foreign vehicles is starting to get some dirty looks by regulators, which limit “foreign” equity investments in traditionally American companies and sectors. Some developments in the upcoming restructurings of media companies may put a new wrinkle on what is promptly becoming the most prevalent and profitable means for hedge funds to invest capital (not by necessity but for the simple reason that if a sector is not too big to fail, it is likely failing massively). The case of Citadel Broadcasting, which Zero Hedge discussed recently as commentary highlighting the lunacy of the current investment climate, is just such an example. Read the rest of this entry »

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Protest. The housing crisis in Scotland.

Posted by smeddum on September 20, 2009

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Edu Lobo e Marília Medalha – Porta-Estandarte (1978) Geraldo Vandre

Posted by seumasach on September 19, 2009

Olha que a vida tão linda se perde em tristezas assim

See how our beautiful world is lost in sadness

Desce o teu rancho cantando essa tua esperança sem fim

Let’s sing always of our hopes

Deixa que a tua certeza se faça do povo a canção

make from our belief a song of the people

Pra que teu povo cantando teu canto ele não seja em vão

that they may find in it their own voice

Eu vou levando a minha vida enfim

Such is my life

Cantando e canto sim

song without end

E não cantava se não fosse assim

and I wouldn’t sing but for this

Levando pra quem me ouvir

bringing to those who hear me

Certezas e esperanças pra trocar

certainty and hope instead of

Por dores e tristezas que bem sei

pain and sadness

Um dia ainda vão findar

which I know one day will end

Um dia que vem vindo

a day which is coming

E que eu vivo pra cantar

I live singing for this

Na avenida girando, estandarte na mão pra anunciar.

in the streets, a standard bearer for happier times

Words and music by Geraldo Vandre


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Oil and gas fields in the Falkland Islands: Will Britain Become New Kuwait?

Posted by smeddum on September 18, 2009

Oil and gas fields in the Falkland Islands: Will Britain Become New Kuwait?

by Sergei Sayenko

.

Global Research, September 17, 2009
Voice of Russia – 2009-09-16

British geologists have discovered a wide array of oil and gas fields in the Falkland Islands. The British oil explorer Desire Petroleum believes that up to 3 billion barrels of oil and gas are currently on the Falkland Islands’ shelf – something that flies in the face of findings by the Edinburgh-based British Geological Survey Agency. Its experts insisted that as much as 60 billion barrels may be recoverable on the shelf. If these estimates prove right that may well rile the world’s oil-rich nations, not least Libya and Nigeria. Read the rest of this entry »

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Twin Towers, Twin Myths The Great Science Debate: What Really Happened on 9/11 at the World Trade Center?

Posted by smeddum on September 17, 2009

Twin Towers, Twin Myths
The Great Science Debate: What Really Happened on 9/11 at the World Trade Center?

Thursday, September 17, 2009

by JAY LEVIN AND TOM MCKENZIE


Santa Babara independent

One of the crucial technical disputes in American history, perhaps second only to global warming, is underway. It pits hundreds of government technicians who say the World Trade Center buildings were brought down by airplane impact against hundreds of professional architects and building engineers who insist that the Twin Towers could never have collapsed solely due to the planes and are calling for a new independent investigation. It is a fight that is not going away and is likely to get louder as more building trade professionals sign on to one side or the other. Read the rest of this entry »

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Mary Travers tribute as she dies age 72. The Rising of the Moon

Posted by smeddum on September 17, 2009

Peter Paul and Mary, The Rising of the Moon

Come and tell me Sean O’Farrell tell me why you hurry so
Hush me boy, now hush and listen and his eyes were all aglow
I bear orders from the captain get you ready quick and soon
For the pikes must be together by the rising of the moon

Come now tell me Sean O’Farrell where the gath’rin is to be
At the old spot by the river right well known to you and me
One more word for signal token whistle out the marchin’ tune
With your pike upon your shoulder by the rising of the moon

There beside the singing river that dark mass of men was seen
For above their shining weapons hung their own immortal green
Death to every foe and traitor! Forward strike the marching tune
And hurrah, my boys, for freedom, ’tis the rising of the moon

How well they fought for poor old Ireland
And for bitter was their fate
Oh what glorious pride and sorrow fills the name of ’98
Yes thank god while hearts are beating, each man bears a burning loom
We will follow in their footsteps at the rising of the moon

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Who are the undeserving “others” benefiting from expanded government actions

Posted by smeddum on September 15, 2009

Monday Sept. 14, 2009 09:15 EDT
Glenn Greenwald

The New York Times‘ Ross Douthat argues, uncontroversially, that the tea-party protests, townhall outbursts and related appendages aren’t about specific health care proposals but, instead, are motivated by a more generalized anger over what is happening in Washington:

At the same time, [the health care protests have] become the vessel for a year’s worth of anxieties about bailouts, deficits and Beltway incompetence.

This August’s town-hall fury wasn’t just about the details of health care. Neither were the anti-Obama protests that crowded Washington over the weekend. They were about the Wall Street bailout, the G.M. takeover, the A.I.G. bonuses, and countless smaller examples of middle-income Americans’ “playing by the rules,” as [GOP pollster Frank] Luntz puts it, “and having someone else benefit.” Read the rest of this entry »

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Put and call derivatives explained by Max Keiser

Posted by smeddum on September 14, 2009

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Bobby Sands – The rhythm of Time

Posted by smeddum on September 14, 2009

There’s an inner thing in every man,
Do you know this thing my friend?
It has withstood the blows of a million years,
And will do so to the end.

It was born when time did not exist,
And it grew up out of life,
It cut down evil’s strangling vines,
Like a slashing searing knife.

It lit fires when fires were not,
And burnt the mind of man,
Tempering leandened hearts to steel,
From the time that time began.

It wept by the waters of Babylon,
And when all men were a loss,
It screeched in writhing agony,
And it hung bleeding from the Cross.

It died in Rome by lion and sword,
And in defiant cruel array,
When the deathly word was ‘Spartacus’
Along the Appian Way.

It marched with Wat the Tyler’s poor,
And frightened lord and king,
And it was emblazoned in their deathly stare,
As e’er a living thing.

It smiled in holy innocence,
Before conquistadors of old,
So meek and tame and unaware,
Of the deathly power of gold.

It burst forth through pitiful Paris streets,
And stormed the old Bastille,
And marched upon the serpent’s head,
And crushed it ‘neath its heel.

It died in blood on Buffalo Plains,
And starved by moons of rain,
Its heart was buried at Wounded Knee,
But it will come to rise again.

It screamed aloud by Kerry lakes,
As it was knelt upon the ground,
And it died in great defiance,
As they coldly shot it down.

It is found in every light of hope,
It knows no bounds nor space
It has risen in red and black and white,
It is there in every race.

It lies in the hearts of heroes dead,
It screams in tyrants’ eyes,
It has reached the peak of mountains high,
It comes searing ‘cross the skies.
It lights the dark of this prison cell,
It thunders forth its might,
It is ‘the undauntable thought’, my friend,
The thought that says ‘I’m right!’

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The Big Picture, A Short, Simplified Version

Posted by smeddum on September 13, 2009

The Big Picture, A Short, Simplified Version

September 13, 2009

By Paul Anderson

“There must be some kind of way out of here
Said the joker to the thief
Theres too much confusion
I can’t get no relief”
Bob Dylan “All Along the Watch Tower”

If anything expresses the zeitgeist or world spirit, it is our apparent lack of direction.
The collapse of the Soviet Union which signaled the triumph of US imperialism and what Fukuyama called ” The End of History”, accelerated the relentless forward march of neoliberalism and privatizations which was a large victory against erstwhile socialist aspirations born from rebellion against poverty throughout the world. Beforehand, the road to freedom was relatively clear. Workers of the world united, smashed the state machine, and brought about a worker controlled planned economy with the proviso that it was democratic and scorned all Stalinist or counter revolutionary practices. This was the paradigm that informed left debate since Marx.

Somehow, as Hegel explained as a theory of development of knowledge: that human knowledge does not evolve in a straight line but more like a spiral sometimes moving backward towards barbarism.
The leftist paradigm has largely revealed itself to be inadequate. Read the rest of this entry »

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Craig Murray-Hitting a nerve

Posted by seumasach on September 11, 2009

Here is a  repost Craig Murray’s original blog posted at the time the ‘plot” hit the headlines.

See also: ITNT Archive: the Transatlantic Airlines Bomb Plot

Craig Murray’s Blog

18th September, 2006

In the UK, at least, the more serious wing of the mainstream media is beginning to catch up with the idea that all is not well here.

Read the rest of this entry »

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