In These New Times

A new paradigm for a post-imperial world

Pound foolish

Posted by seumasach on January 20, 2009

This article explains why the current nationalization fad is no answer in itself, merely transfering bankruptcy from company to national level. A national credit system would only make sense as part of a comprehensive programme of rebuilding of a real economy, focused on manufacturing and agriculture, combined with a conprehensive retreat from empire and militarism. There will, of course, be a run on the pound.

FT

20th January, 2009

Britain came off the gold standard in 1931 and sterling devalued by 28 per cent. The economic crisis that followed marked the end of the UK as a global power. It also led to an effective default on almost half the national debt, which was restructured into bonds still outstanding. Parallels with today are eerie. Since the middle of 2007, the trade-weighted pound has fallen by 27 per cent. Furthermore, as the government shoulders contingent liabilities for ever greater amounts of delinquent bank debt, worries are growing about the state’s finances.

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Pound Slumps to Record Versus Yen; Rogers Says U.K. ‘Finished’

Posted by alfied on January 20, 2009

Our readers abroad must imagine that Britain must be in a state of near panic. Nothing could be further from the truth: there is nothing, not so much as a whimper as we go silently to our doom. In our heart of hearts we know the  simple truth that our time has been and gone.

By Paul Gordon and Candice Zachariahs

Jan. 20 (Bloomberg) — The pound dropped to a record low versus the yen and the weakest level since 2002 against the dollar on concern the government will have to rescue more banks as the economy slips into its worst recession since World War II. Read the rest of this entry »

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US freezes as Arctic air blasts in from Canada

Posted by seumasach on January 19, 2009

Independent

18th January, 2009

Alabama was colder than Alaska, water fountains froze into ice sculptures in South Carolina, and Florida shivered through an Arctic air blast as the coldest week of the winter continued to grip large parts of the US.

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The bullies that Labour has unleashed

Posted by seumasach on January 19, 2009

What is noticeable now that so many of Labour’s laws have come into force is the increase of pettiness, bullying and loss of humanity in local officials, government agencies and the various new breeds of wardens and community officers who patrol the streets looking to fine those who feed the birds and put up notices for their lost cat.

It is the detail of stories that reach the local press that tells us of the vast change in the relationship between the man in the street and authority. A new and – to me – alien element of harshness has entered the equation, and I believe we are going to see a lot more of it.

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More battles ahead in Russia’s ‘gas war’

Posted by seumasach on January 19, 2009

M K Bhadrakumar

Asia Times

17th January, 2009

The cause of any war is difficult to pinpoint. There is always more than one cause. And they could be just causes or ugly causes. There is no objective criterion except that the right cause is constructive while the wrong one is destructive, but then, people define by their standards.

Of course, there is a time for all wars. Finally, there is the problem of war. The same god who sanctioned so much war and violence in the Old Testament bursts into the human situation in the New Testament with a huge promise of hope, forgiveness and reconciliation. We call this “grace”.

By these reckonings, Russia’s 13-day “gas war” with Ukraine (from January 1 to January13) was largely atypical. True, its causes were not in any serious dispute, but its timing was simply awful, right in the middle of Orthodox Christmas. Russia has a problem with “grace” and could take a lesson or two from China on how to reconcile contradictions involving neighbors. Russia’s image surely took a beating in the Western media, which eagerly puffed up the controversy.

Unsurprisingly, the ubiquitous Americans promptly put on their trans-Atlantic leadership mantle and appeared on the scene to finger-point at the unreliable, unscrupulous, venal Russian “bullies”. Anders Aslund of the Peterson Institute came up with a most ingenious thesis that actually the Russians were conspiring to make Ukraine a corrupt country, destabilize it and make it unsafe for democracy.

But it was most certainly a war and the Russians likely won, as Old Europe did not take the cue from Washington. The win remains indeterminate, though. That is because it has been ultimately about geopolitics, where you don’t conclusively win and can only avoid losing, and as China’s People’s Daily newspaper noted, Russia cannot turn a blind eye towards “NATO’s [North Atlantic Treaty Organization] greedy expansion” and the dispute between the United States and Russia will only become “more and more intense”.
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Divided Arab Leaders Hold Reconciliation Meeting in Kuwait

Posted by seumasach on January 19, 2009

Al-Manar

19/01/2009 … And on the 24th day on the Israeli deadliest war against the Palestinians in the Gaza Strip, and a few hours after a ceasefire was announced in the besieged strip marking another victory for the Resistance pattern in the region, the Arab leaders were “finally” able to hold an “Arab Summit” amid an unprecedented Arab division.

All the Arabs, including the so-called “moderate” ones, were represented in the Kuwait Summit, days after they rejected to participate in a Qatari-suggested summit over Gaza, resulting in the failure of reaching the needed quorum. Meanwhile, the summit was marked by a reconciliation lunch meeting in which Saudi King gathered leaders of Egypt, Syria, Qatar, Jordan, Bahrain and Kuwait. A Syrian well-informed source told Al-Manar that the meeting was frank and sincere. The source noted that the mentioned reconciliation meeting constitutes a first step towards discussing various Arab issues in an attempt to reach common principles.

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British Jews attacked for pro-Gaza solidarity

Posted by seumasach on January 19, 2009

 

Independent

18 th January, 2009

British Jews have been attacked for expressing support for Palestinians suffering under Israeli military strikes in Gaza. Police confirmed yesterday that they have provided protection to a number of people believed to be victims of UK-based Zionist extremists angered by expressions of solidarity with Palestinians.

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L’attaque de Gaza a été décidée en concertation avec l’Égypte et l’Arabie saoudite

Posted by seumasach on January 19, 2009

 

Entretien de Thierry Meyssan au « Courrier d’Algérie » 

Voltairenet

19th January, 2009

Condoleezza Rice et Tzipi Livni ont signé vendredi à Washington un accord bilatéral destiné, disent-elles, à empêcher « la contrebande d’armes » vers Ghaza. Rice a indiqué avoir téléphoné aux ministres des Affaires étrangères britannique, David Miliband, allemand, Frank-Walter Steinmeier et français, Bernard Kouchner, « pour les informer » de sa démarche ajoutant : « Je pense que ces efforts vont être suivis très rapidement par les Européens ». Selon le porte-parole du département d’État, Sean McCormack, Washington s’engage dans ce document à mobiliser des « équipements » pour aider Israël à empêcher « la contrebande  ». Il n’a cependant pas précisé ce que seraient ces équipements, mais il a indiqué que les États-Unis ne déploieraient pas de troupes sur le terrain. Dans cet entretien accordé au Courrier d’ Algérie, Thierry Meyssan revient sur cette offensive acharnée que mène Israël contre la bande de Ghaza

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Debka confirms strategic defeat for Israel

Posted by seumasach on January 19, 2009

 

Debka

Sunday, Jan. 18, Hamas leader Mussa Abu Marzuk in Damascus declared an immediate ceasefire on behalf of all the Palestinian organizations conditional on Israel’s withdrawal from Gaza within a week. A few minutes later, two rockets exploded in two kibbutzim near the Gaza border, topping 15 fired earlier at Sderot, Ashkelon, Eshkol, Ashdod and Kiryat Gat.DEBKAfile‘s military sources report that armed Hamas units are moving to take control of the Gaza Strip as Israeli forces withdraw.

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Hamas beats drums of Palestinian ‘victory’

Posted by seumasach on January 19, 2009

PressTV

19th January, 2009

Senior Hamas official Ismail Haniya explains why the Israeli offensive into Gaza was a failure for Tel Aviv and a victory for Palestinians.

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The “Axis of Resistance” is born

Posted by seumasach on January 18, 2009

 

Road to Iraq

18th January, 2009

See also:

https://inthesenewtimes.com/2009/01/16/qatar-mauritania-suspend-ties-with-israel/

Can you imagine that even some Palestinians [or better to use Fatah in today’s terms] are saying:

Qatar is playing with fire, the Emir [of Qatar] crossed all the red lines.

Do you really want to see the outrage of the pro-Israel alliance? Then see this report on Al-Hariri newspaper Al-Mustaqbal saying:

The axis of resistance is a lie… the true name is “axis of Iran”.

I don’t know, how Hariri will explain this to the Emir of Qatar in the future?

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