SEVASTOPOL, September 1 (RIA Novosti) – The crew of U.S. Coast Guard Cutter Dallas, which arrived on Monday morning at the Ukrainian port of Sevastopol where Russia has a naval base, has refused to go ashore amid anti-NATO protests, customs officers said. (U.S. Coastguard cutter Dallas enters Sevastopol Harbor – video)
U.S. warship met by anti-NATO protests in Ukraine’s Sevastopol
Posted by seumasach on September 1, 2008
Posted in Uncategorized | Tagged: anti-NATO protests ukraine, New Cold War | Leave a Comment »
The SCO’s Rising Power
Posted by seumasach on September 1, 2008
Alexander Lukin
2nd September, 2008
One of most discussed aspects of the Shanghai Cooperation Organization summit in Dushanbe over the weekend was the third point of the summit declaration devoted to the situation in South Ossetia. Although member nations expressed “deep concern” over the tensions surrounding this issue, they also pledged to “support Russia’s active role in facilitating peace and cooperation in the region.”
Immediately following the signing of that declaration, the Western media began an intense and deliberate disinformation campaign to try to depict the position of SCO countries as not supporting Russia’s policy toward Georgia, Abkhazia and South Ossetia.
Posted in Multipolar world | Tagged: georgia, Georgia, NATO, SCO | Leave a Comment »
Fed Imposes Financial Sector Imperialism over US Economy
Posted by seumasach on September 1, 2008
Aug 31, 2008
Mike Whitney
Market Oracle
Michael Hudson: “Greenspan saw his job as a cheerleader for people who were able to get rich fast; sort of like a pilot fish for sharks”
Mike Whitney Interviews Michael Hudson
1 Mike Whitney: The United States current account deficit is roughly $700 billion. That is enough “borrowed” capital to pay the yearly $120 billion cost of the war in Iraq, the entire $450 billion Pentagon budget, and Bush’s tax cuts for the rich. Why does the rest of the world keep financing America’s militarism via the current account deficit or is it just the unavoidable consequence of currency deregulation, “dollar hegemony” and globalization?
Read the rest of this entry »
Posted in Financial crisis | Tagged: financial feudalism | Leave a Comment »
Recession fears: Pound slumps after Darling’s gloomy prognosis
Posted by seumasach on September 1, 2008
“We are reminded once again that when the pound falls, it falls hard.”
We have been stressing the vulnerability of the pound for some time. Some analogy from a strictly economic point of view could be made with Iceland which is being forced to contemplate joining the Euro as its own currency plummets. Iceland has some similarities as an offshore, largely parasitic, financier economy. but at least its not the hub of a lunatic imperial project which has already failed but which we persist with, fueling the flames that engulf us. The collapse of the pound will be a historic event symbolising the end of the post-1688 imperial project. On a more practical level we have no choice but to abandon it and join the Euro if we are to avoid a terrifying inflationary crisis.
Julia Kollewe
1st September
The pound hit a record low against the euro and a two-year low against the dollar this morning after a stark warning from Alistair Darling, the chancellor, that the economic downturn would be worse and longer than expected.
Posted in Financial crisis | Tagged: Abolish the pound!, financial collapse | Leave a Comment »
Anbar handover to Iraqis finalized
Posted by smeddum on September 1, 2008
Anbar handover to Iraqis finalized
Sun, 31 Aug 2008 21:22:13 GMT Press TV
Al-Anbar province
Iraqi forces have finalized their preparations to take over responsibility for security in the western Anbar province from the US troops. Read the rest of this entry »
Posted in Iraq | Tagged: Anbar, Iraq, retreat form Iraq | Leave a Comment »
DIC chief is facing exceptional challenges
Posted by smeddum on September 1, 2008
DIC chief is facing exceptional challenges
By Eric Dash
and Geraldine Fabrikant
The New York Times Salt Lake City Tribune
Article Last Updated: 08/31/2008 12:25:23 AM MDT
WASHINGTON – Sheila Bair anticipated the mortgage crisis long before most other regulators. But she never dreamed it would wreak so much havoc on so many banks.
More than a year after the credit crisis first flared, Bair, the chairwoman of the Federal Deposit Insurance Corp., warned last week that the outlook for the ailing banking industry was bad – and getting worse.
The swelling tide of toxic home loans is proving to be even more worrisome than initially feared, Bair said. She is struggling to clean up the mess and forestall home foreclosures with a plan to ease loan terms for hard-pressed homeowners.
”It is going to be a slog to work though this, but there is no easy way to do it,” Bair said about her plan during an interview in her office here. ”We haven’t seen the trough of the credit cycle yet.” Read the rest of this entry »
Posted in Financial crisis | Tagged: failing banks, FDIC | Leave a Comment »
Steinmeier Tells EU to Take “Level-Headed” Approach to Russia
Posted by seumasach on August 31, 2008
31st August, 2008
Germany’s Foreign Minister Frank-Walter Steinmeier said Europe must play a “strong and level-headed role” to settle the conflict in the Caucasus, according to a German newspaper published Sunday.
Posted in Multipolar world | Tagged: Georgia, Russia in Europe | Leave a Comment »
Thousands stage anti-war protest march
Posted by seumasach on August 31, 2008
CATHERINE TSAI and COLLEEN SLEVIN
DENVER (AP) — A column of people three blocks long, led by members of the Iraq Veterans Against the War, streamed from the Denver Coliseum on Wednesday in an anti-war protest march to the Pepsi Center, where the Democratic National Convention is being staged.
Posted in Drive to Global War | Tagged: Drive to Global War | Leave a Comment »
Catatonia: the last stage of imperialism
Posted by seumasach on August 31, 2008
Cailean Bochanan
31st August, 2008
The events in Georgia and the irrational wave of Russophobia which have followed it mark a new, last phase of US/UK imperialism. Sakashvili’s bizarre and vicious assault on South Ossetia, conducted presumably under US auspices, may seem to herald a stepping up of US/UK interventionism and power projection. Paradoxically, in my view, it represents the complete opposite: a retreat into isolation comparable to that of a paranoic whose psychotic outbursts only confirm the essential, underlying withdrawal from human intercourse. Sakashvili’s dangerous antics don’t constitute a foreign policy any more than bombing weddings does.
Posted in Multipolar world | Tagged: End of empire, mulipolar world | 1 Comment »
Bank of England to show no mercy as firms go under
Posted by seumasach on August 31, 2008
The above headline needs qualification: Bank of England to show no mercy as firms go under- unless they are banks
By John Lawless and Simon Evans
Independent
Sunday, 31 August 200
The Bank of England is expected to ignore pleas for a cut in rates this week, despite warnings that the number of companies set to go under in Britain this year could reach 17,000.
Posted in Financial crisis | Tagged: failing banks | Leave a Comment »
Accusations of Met cover-up put more heat on Ian Blair
Posted by seumasach on August 31, 2008
And then, of course, there is his role in the killing of Jean-Charles Menezes.
By Michael Gillard
Sir Ian Blair faces a new investigation after whistleblowers accused the already embattled Metropolitan Police Commissioner of turning “a blind eye” to corruption allegations surrounding murdered Special Constable Nisha Patel-Nasri.
Posted in Uncategorized | Tagged: "War on Terror", Jean Charles Menezes, Met corruption, Sir Ian blair | Leave a Comment »
