Posted by seumasach on January 8, 2013
Jim Lobe
8th January, 2013
WASHINGTON – With President Barack Obama reportedly primed to nominate former Republican Senator Chuck Hagel to head the Pentagon, the powerful Israel lobby, led by the American Israel Public Affairs Committee (AIPAC), faces a major dilemma.
Posted in Uncategorized | Leave a Comment »
Posted by seumasach on January 8, 2013
“What’s more, capital flows from the eurozone to perceived “safe havens” such as the UK are slowing as the crisis eases.”
As these columns have consistently pointed out this was the real motive for the campaign against the euro. It succeeded in that it gave the totally bankrupt British economy a couple of years grace reinforced by the illusion that we were cutting our fiscal deficit.
Nearly thirty years of current account deficit have been covered by pounds sterling. These in turn will have been mainly reinvested in UK government bonds. This the free lunch that Prof. Michael Hudson talks about with respect to the US economy. The end of the free lunch is the end of the game. We have no choice but to negotiate our terms of bankruptcy with our international partners. Demilitarisation and definancialisation of the key cards we will use in these negotiations
Jeremy Warner
7th January, 2013
It’s the sort of problem you might have thought disappeared with the 1970s, but as the Coalition renews its wedding vows, that’s the unsettling possibility raised by economists at both HSBC and Royal Bank of Scotland. With fears of a eurozone break-up, a calamitous fiscal contraction in the US, and a hard landing in China now fast receding, it is possible financial markets will refocus their attentions on more conventional concerns. The failings of the UK economy might be prime among them.
Posted in UK economy | Leave a Comment »
Posted by seumasach on January 8, 2013
Franklin Lamb
7th January, 2013
Easy walking distance from this observer’s hotel near the city center, the Damascus Opera House, the site of yesterday’s Presidential address, was inaugurated in May of 2004 by the President and his wife, completing a project of his late father, Hafez, who actually planned the opera house in detail, but which had been put on hold since the late 1970’s. Located off Umayyad Square, the multipurpose culture center complex, presented its most recent opera, Wolfgang Amadeus Mozart’s, The Marriage of Figaro, just months before the current crisis erupted.
Posted in Syria | Leave a Comment »
Posted by seumasach on January 7, 2013
7th January, 2013
India’s permissible limit for radiation levels from mobile phone towers is 900 times higher than the safe limit of 0.5 milliwatts per square metre, suggests a global report on health risks from exposure to wireless technology radiation, which was released on Sunday.
Posted in Studies and statements showing mobile phone health risk | Tagged: EM radiation health hazard | Leave a Comment »
Posted by seumasach on January 6, 2013
Why We’re Ungovernable, Part 6: Here Comes the Debt Ceiling
5th January, 2013
The fiscal cliff was always going to end with a whimper because that was the obvious path of least resistance. In the end, simply avoiding big tax increases and spending cuts while adding a few more trillion to the coming decade’s deficit was rewarded by the markets with a huge rally. Everybody went home happy, or at least still in possession of their political office.
Posted in Financial crisis | Tagged: dollar collapse | Leave a Comment »
Posted by seumasach on January 6, 2013
4th January, 2012
Futures traders reversed bets that the euro will decline against the dollar, wagering for the first time since August 2011 that the shared currency will gain, figures from the Commodity Futures Trading Commission show.
Posted in Battle for Europe | Leave a Comment »
Posted by seumasach on January 5, 2013
5th January, 2012
PRESS RELEASE
University at Albany, Rensselaer, New York
A new report by the BioInitiative Working Group 2012 says that evidence for risks to health has substantially increased since 2007 from electromagnetic fields and wireless technologies (radiofrequency radiation). The Report reviews over 1800 new scientific studies.Cell phone users, parents-to-be, young children and pregnant women are at particular risk.
Posted in Studies and statements showing mobile phone health risk | Tagged: EM radiation health hazard | 1 Comment »
Posted by seumasach on January 5, 2013
M.K.Bhadrakumar
5th January, 2013
2013 has barely got under way but Indian foreign policy is already trotting — between a walk and a canter in speed. Certainly, the consultations with the secretary-general of Iran’s national security council, Saeed Jalili have been extremely significant both in timing and content.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on January 5, 2013
The great British crisis hasn’t really even begun. The great Euro scare has enabled the pound to increase its overvaluation over the last couple of years and, therefore, allowed the free lunch to run on. We continue to run a permanent current account deficit financed by a fiat currency, a fiat currency which is being quantitatively eased. This little noted anomaly is unsustainable and the day of reckoning is nigh.
4th January, 2012
Triple dip here we come. That’s the clear message from the latest health check on the services sector from CIPS and Markit. To say the report was a disappointment is an understatement. News that activity fell for the first time since December 2010, when Britain was shivering under a foot of snow, came as a real jolt after the slightly better news from manufacturing earlier in the week.
Posted in UK economy | Leave a Comment »
Posted by seumasach on January 5, 2013
Oh,dear! It looks as if the Obama shift has left the “National Coalition for Syrian Revolutionary and Opposition Forces” terrorist’s and their liberal-fascist backers high and dry.
4th January, 2013
Despite widespread pledges of support from western and Arab states, the main Syrian opposition coalition says it has still not seen any significant increase in funding or arms supplies.
Posted in Syria | Leave a Comment »
Posted by seumasach on January 3, 2013
31st December, 2012
Russia this month took over the presidency of the G20, the club of the world’s biggest economies that accounts for 90pc of global GDP and 80pc of world trade.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
In These New Times 