Posted by seumasach on January 28, 2012
Agnès Bénassy-Quéré
20th January, 2012
With the survival of the euro area at stake, and the reform of the international monetary system no longer a priority of the G20 presidency, it may seem strange to call for an increased international role of the euro. But the flaws of an international monetary system centered on the US dollar are substantial and these flaws are likely to inflate as world economic growth is mainly driven by emerging countries.
Posted in Battle for Europe, Multipolar world | Tagged: global, new global financial system | Leave a Comment »
Posted by seumasach on January 28, 2012
Yes, there is an overwhelming case for a wealth tax. But it is necessary to get the figures in perspective: total UK debt is the highest in the world at about 10 times a GDP of over 2 trillion. Most of this is bank debt for which the government is guarantor of last resort. The left’s redistribution programme is not in itself adequate any more than the right’s austerity programme is: the banking sector must be put through bankruptcy.
Michael Meacher
27th January, 2012
One assumption dominates the start of 2012. It will be an extremely grim year as the public starts having to pay down the deficit in real earnest, but they will grudgingly accept the substantial pain involved so long as it is fairly shared. It certainly isn’t, however, and the growing realisation of this could well prove the government’s Achilles heel in this year’s bumpy handling of austerity.
Posted in UK economy | Tagged: bankrupt Britain, wealth tax | Leave a Comment »
Posted by seumasach on January 28, 2012
28th January, 2012
People in the Philippines have gathered in front of the US Embassy in the capital city, Manila, to protest the expansion of military ties with Washington, demanding the withdrawal of American troops.
Posted in Drive to Global War | Tagged: Asia first, bring the troops home!, New Nationalist Alliance (Bayan), Philippines, us bases philippines | Leave a Comment »
Posted by seumasach on January 28, 2012
PRESS RELEASE RELEASED BY UNIVERSITY OF ATHENS TEAM
Athens, Greece. January 21, 2012. The research group of Professor Lukas Margaritis (Faculty of Biology, University of Athens and the Biomedical Research Foundation of the Academy of Athens), within the framework of the activities seeking for the truth underlining the possible effects of daily life electromagnetic fields, has performed this study as part of the Doctorate Dissertation of Adamantia F. Fragopoulou.
Posted in Studies and statements showing mobile phone health risk | Tagged: EM radiation health hazard, Professor Lukas Margaritis | Leave a Comment »
Posted by seumasach on January 28, 2012
25th January, 2012
THEY have long feared that a mobile phone mast has been causing cancer in their village.
Now the residents of Benajarafe have scored a massive victory by having it removed.
Posted in Ecological and Public Health Crisis | Tagged: Benajarafe, EM radiation health hazard | Leave a Comment »
Posted by seumasach on January 27, 2012
27th January, 2012
kingworldnews.com
John Williams, of Shadowstats, just issued the following warning and King World News wanted to pass it along to our global readers: “The U.S. economic and systemic-solvency crises of the last five years continue to deteriorate. Yet they remain just the precursors to the coming Great Collapse: a hyperinflationary great depression. The unfolding circumstance will encompass a complete loss in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system, as we know it; and a likely realignment of the U.S. political environment.”
Posted in Financial crisis | Tagged: dollar collapse, End of empire, failing banks, financial collapse, QE3 | Leave a Comment »
Posted by seumasach on January 27, 2012
26th January, 2012
The central bank of the United States believes that America is still a ways from economic recovery, which could soon prompt the Federal Reserve to announce a new round of quantitative easing, or QE3.
Posted in Currency Wars, Financial crisis | Tagged: QE3 | 1 Comment »
Posted by seumasach on January 27, 2012
Ignatius Banda
28th January, 2012
BULAWAYO – From downtown shops that stock cheap clothing and shoes that fall apart after one wear, to mining concessions in platinum, gold and diamonds – the Chinese finger is now in virtually every Zimbabwean pie.
Posted in Zimbabwe | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on January 26, 2012
This seems a good moment to revisit Willem Buiter 2008 analysis of the UK economy and, particularly, his view on a possible simultaneous banking, government bonds and sterling crisis.
Willem Buiter
13th November, 2008
Posted in UK economy | Tagged: bankrupt Britain, join the euro!, sterling crisis, stop the bailout | Leave a Comment »
Posted by seumasach on January 26, 2012
It really is unusual to read such a sane analysis in the British press!
Philip Stephens
19th January, 2012
I keep hearing people say don’t blame the rating agencies. My first reaction is why not? After due and sober reflection my considered response is why the hell not?
Posted in Battle for Europe | Tagged: ECB, european stability mechanism(ESM), S&P | Leave a Comment »
In These New Times 