In These New Times

A new paradigm for a post-imperial world

CNN Lou Dobbs: Bailout bypasses congress to senate Wed.

Posted by smeddum on October 1, 2008

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USA: The Bailout Rejected – Who were the Patriots and Traitors?

Posted by alfied on October 1, 2008

Click here to see who voted for the bailout and who voted against.

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Latin America leftists slam U.S. on financial crisis

Posted by smeddum on October 1, 2008

Latin America leftists slam U.S. on financial crisis
Tue Sep 30, 2008 5:37pm EDT Reuters
(Adds Lula, context, byline)

By Fernando Exman

MANAUS, Brazil, Sept 30 (Reuters) – Latin America’s leftist leaders on Tuesday accused the United States of “irresponsibility” in its handling of the financial crisis that has pummeled markets and threatens economies around the world. Read the rest of this entry »

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The Congressman’s Dilemma

Posted by smeddum on September 30, 2008

The Congressman’s Dilemma
by Christopher Hayes The Nation
So in light of the news of House Republicans loudly and suddenly bailing out on the bailout, a few things to keep in mind to make sense of the political terrain. Read the rest of this entry »

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The Very Real Danger of Wall Street Blackmailing Us Back Into a Bad Bill

Posted by smeddum on September 30, 2008

The Danger of Wall Street Blackmailing Us Back Into a Bad Bill
By Ian Welsh Khabrein

The Western media are upping up the volume and markets are rallying (and disregarding market fundamentals) to blackmail congress into voting for the bailout. A battle has been won but the war is not over. There is a danger that we have been lulled into a false sense of security. Protests should continue

What was causing the panicked “must pass bill now” gasps from Senators and the Treasury was not the various bank failures. They have been pretty orderly and no one who failed wasn’t expected to fail. Instead the problem was that banks aren’t lending to each other. This isn’t because they fear that other banks won’t repay if they fail, in every case when a bank has failed, the Fed has made sure that banks with outstanding interbank loans got their money back. So this isn’t a question of systemic risk causing fear. Read the rest of this entry »

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Financial crisis: IMF chases its own tail

Posted by smeddum on September 30, 2008

Financial crisis: IMF chases its own tail
NEWS|BRETTON WOODS PROJECT|29 SEPTEMBER 2008|UPDATE 62|URL

As global finance dries up, economic markets crash and banks go bust, criticisms mount of the IMF and its inability to convince its largest members to better regulate the financial sector or curb speculation. Read the rest of this entry »

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Bush’s Concerns Over Voter Fraud Led To Iglesias’s Firing

Posted by smeddum on September 30, 2008

Bush’s Concerns Over Voter Fraud Led To Iglesias’s Firing
By Jason Leopold
The Public Record
Monday, September 29, 2008 ThePublicRecord

President George W. Bush, Karl Rove, the former White House political adviser, both appear to have helped orchestrate the firing of former New Mexico U.S. Attorney David Iglesias after receiving numerous complaints from Republican activists that Iglesias did not prosecute individuals for voter fraud before the 2006 midterm elections, according to a report on the U.S. Attorney purge released Monday by the Department of Justice’s internal watchdog.

The 356-page report is the culmination of an 18-month joint investigation by DOJ Inspector General Glenn Fine and the head of the agency’s Office of Professional Responsibility H. Marshall Jarrett. Their report concluded that Iglesias’s firing was the most “controversial” and that his dismissal was “engineered” by New Mexico GOP lawmakers Sen. Pete Domenici, Congresswoman Heather Wilson and former White House political adviser Karl Rove over complaints about Iglesias’s refusal to secure indictments in voter fraud cases and in a public corruption case.
Read the rest of this entry »

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HBOS HANGING BY A THREAD

Posted by alfied on September 30, 2008

By FT Reporters

Shares in HBOS, the UK’s largest mortgage lender, fell sharply on Tuesday, prompting speculation among investors that Lloyds TSB may attempt to renegotiate the terms of its £12bn agreed takeover announced last week. Read the rest of this entry »

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The Bailout charade goes on

Posted by smeddum on September 30, 2008

Steve Forbes: Economy In ‘Cardiac Arrest’ Washington Post
Former Republican presidential candidate and noted flat-taxer Steve Forbes appeared on CNBC moments ago with a grave diagnosis for the U.S. economy, likening it to a flatlining coronary patient.

“Right now there is fear in the marketplace,” said Forbes, also editor-in-chief of Forbes magazine. “Not since 1933 have we been as close to the abyss as we are now.” Read the rest of this entry »

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Zimbabwe and the Battle of Ideas

Posted by smeddum on September 30, 2008

Zimbabwe and the Battle of Ideas

By Netfa Freeman
September 26, 2008
blackagendareport.com Africaspeaks

The U.S. admits to actively engaging in efforts for regime change.

Cuban revolutionaries often point out the significance of what they call the “battle of ideas” and they explain how “ideas are worth more than weapons.” It stands to reason then that the goal in such battles is to win the hearts and minds of people. Because the so-called Western World dominates the most sophisticated and pervasive methods of information today, people should carefully scrutinize ideas pushed and popularized by these sources. This means we should never take for granted anything we read or hear and only half of what we see. Read the rest of this entry »

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Breakdown of bailout vote

Posted by smeddum on September 29, 2008

Roll Call Vote for H.R. 3997, the ‘Bailout’ Bill

Democrats: 140 Ayes, 95 Noes

Republicans: 65 Ayes, 133 Noes, 1 Not Voting

Total: 205 Ayes, 228 Noes, 1 Not Voting

Click here for a detailed roll call, including breakdown by representative.

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