Posted by smeddum on September 25, 2008
Hundreds of Economists Urge Congress Not to Rush on Rescue Plan
By Matthew Benjamin
Sept. 25 (Bloomberg) — More than 150 prominent U.S. economists, including three Nobel Prize winners, urged Congress to hold off on passing a $700 billion financial market rescue plan until it can be studied more closely. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout protest, no bailout, Paulson | Leave a Comment »
Posted by smeddum on September 25, 2008
Labor unions protest in New York against bailout
Thu Sep 25, 2008 4:32pm EDT
By Christian Wiessner
NEW YORK (Reuters) – Hard hats, transit workers, machinists, teachers and other labor unionists railed against the U.S. government’s proposed bailout of Wall Street on Thursday in a protest steps from the New York Stock Exchange. Read the rest of this entry »
Posted in Financial crisis | Tagged: bailout protest, New York, no bailout, Paulson | Leave a Comment »
Posted by seumasach on September 25, 2008
24th September, 2008
(John Laughland for RIA Novosti) – There used to be a habit of framing old Tsarist bonds and putting them on the wall. Lenin’s decision to renege on the Russian imperial debt meant that it became mere paper, interesting only as a historical relic.
In the light of the recent financial crisis in the USA, could the same thing happen now to the bonds issued by the American government, and could the country which has dominated the world for the last half century now enter history as a bankrupt state? And what can Russia do in the circumstances?
Posted in Uncategorized | Tagged: financial collapse, new financial architecture, russia | Leave a Comment »
Posted by smeddum on September 25, 2008
Cuba reaffirms NAM’s principles at
UN General Assembly
JOSE Ramón Machado Ventura, Cuban first vice president, addressed the 63rd UN General Assembly and confirmed that the Non-Aligned Movement will continue to defend the interests of the Third World and promote the construction of a more just, democratic and solidarity-driven world, for which he urged developed countries not to forget their commitments to poor nations. Read the rest of this entry »
Posted in Multipolar world | Tagged: Non Aligned Movement | Leave a Comment »
Posted by smeddum on September 25, 2008
Citizens Dumping Personal Junk on Wall Street to Protest Bailout
By Sarah Lai Stirland, Wired.com
Posted on September 25, 2008, Printed on September 25, 2008
http://www.alternet.org/story/100230/
An e-mail that began as a rallying cry from a lone journalist to an influential circle of friends to protest the U.S. government bailout of Wall Street has ignited a national day of street protests. Some demonstrators plan to dump their rubbish in front of the bronze bull sculpture near Wall Street in downtown Manhattan Thursday. Read the rest of this entry »
Posted in Financial crisis | Tagged: bail out, bailout protest, no bailout, Paulson | Leave a Comment »
Posted by smeddum on September 25, 2008
Credit Suisse: Global Investor “Return to a multipolar world”
23/09/2008 13:42 FinChanel
The FINANCIAL — In the latest edition of Credit Suisse’s “Global Investor”, in-house analysts and external experts from the scientific and business communities discuss the ongoing change in the distribution of global economic power. Read the rest of this entry »
Posted in Multipolar world | Tagged: financial collapse | Leave a Comment »
Posted by smeddum on September 25, 2008
A bailout and a new world AsianTimes
By Pepe Escobar
WASHINGTON and SAO PAULO – The George W Bush administration’s US$700 billion no-accountability scheme, globally, informally dubbed “cash for trash”, is making all the headlines. Simultaneously, there’s the small matter of the United Nations General Assembly sanctioning the troubled birth of a new, multipolar world. As a 21st-century counterpart to the Dadaist Manifesto, this chain of events is priceless. Read the rest of this entry »
Posted in Iraq, Multipolar world | Tagged: Afghanistan, bailout, Iraq | Leave a Comment »
Posted by seumasach on September 25, 2008
25th September, 2008
“Wall Street and the world will never again be the way they were before the crisis,” said Steinbrueck in a speech to the German parliament, the Bundestag, on Thursday, Sept. 25. Write-downs and write-offs of bad credit spawned by “a blind drive for double-digit profits” have so far totaled $550 billion and no end to the crisis is in sight, he added.
The world financial system will consequently become more “multi-polar,” he predicted.
Posted in Financial crisis | Tagged: financial collapse, multipolartiy, new financial architecture | Leave a Comment »
Posted by seumasach on September 25, 2008
Cailean Bochanan
25th September, 2008
Two clear policy lines are emerging in response to the terminal crisis of Anglo-American finance. Both are mad. That’s why it’s a terminal crisis.
Posted in Uncategorized | Tagged: Financial crisis, multipolarity | 1 Comment »
Posted by smeddum on September 25, 2008
London Turns Against Hedge Funds in Hunt for Culprit (Update1)
By Caroline Binham and Elisa Martinuzzi
Sept. 25 (Bloomberg) — London is turning against the $450 billion hedge-fund industry that helped make the city a contender for the title of world financial capital. Read the rest of this entry »
Posted in Financial crisis | Tagged: financial collapse, hedge funds, short-selling | Leave a Comment »
Posted by alfied on September 25, 2008
Translation by inthesenewtimes
The slogan comparing the Islamabad bombing to the September 11th attacks is more realistic than might appear. This unclaimed attack serves exclusively the interests of NATO: the Atlantic allinace must, as a matter of urgency, take control of thre Khyber Pass in order to supply their troops.If the Alliance can’t solve its logistical problems, Washington plans to sacrifice allied troops. Read the rest of this entry »
Posted in Uncategorized | Tagged: "War on Terror", US/UK False flag terrorism | Leave a Comment »
