By Mike WhitneyWill There Be a Run On The Banks?Mon Aug 13, 2007 01:57
Stock Market Brushfire; Will There Be a Run On The Banks?
By Mike Whitney
The contamination from the massive real estate bubble has now infected nearly every area of the broader market. The swindle which began at the Federal Reserve--with cheap, low interest credit---has spread through the entire system and is threatening to wreak financial havoc across the planet. The Fed's multi-billion dollar bailout will do nothing to contain the brushfire they started or avert the catastrophe that lies just ahead.
Policy of Genocide
By: Soraya Sepahpour-Ulrich
The demon of greed never seems to get enough. Over 1 million dead Iraqis - with Dick Cheney's old company KBR/Halliburton being the prime benefactor of theft, Mr. Cheney now has his eyes on Iran. More bodies, dead ones, are needed for the task. Once again, his old company, KBR/Halliburton, not only comes to the rescue, but benefits from the deal.
In Case You Missed It
Dick Cheney '94: Invading Baghdad Would Create Quagmire
Must Watch 1 Minute Video
In this interview from April 15th, 1994, Dick Cheney reveals the reasons why invading Baghdad and toppling Saddam Hussein wouldn't be a great idea. He also stipulates that "not very many" American soldiers' lives were worth losing to take out Saddam during the Gulf War.
The Joyride That Was The American Empire
By Carolyn Baker
It is crucial to understand that the current economic meltdown is a transfer of wealth from the middle and lower classes to the ruling elite. Wealth transfers do not just happen, nor are they the products of incompetency. They are intentional and well-planned.
India's Agrarian Martyrs: Are you listening?
By Jessica Long
In 1998, around the inception of mass farmer suicides, the World Bank imposed regulations that opened up India's seed market to corporate multinationals like Monsanto. Non-renewable GM crops now replaced a self-sustainable farming system that had been perfected over thousands of years.
FISA Courts Dismantled Just in Time
By Marlene Lang
What if you or I could secretly commit crimes against our fellow citizens, bury the evidence of the crime by stamping it "TOP SECRET," refuse to answer questions when we are accused of committing the crime, and then, before we can be prosecuted for the crime, we can make a law that says the crime we committed is no longer a crime. And then call ourselves heroes. Welcome to the New America.
Looking Forward To Armageddon
Rapture Ready: The Christians United for Israel Tour
9 Minute Video
Max Blumenthal's latest takes us on a shocking and at times bizarre tour of right-wing Pastor John Hagee's annual Washington-Israel Summit, blowing the cover off the Christian Zionist movement in the process. Starring Joe Lieberman, Tom DeLay, Pastor John Hagee, Ambassador Dore Gold and a host of rapture-ready evangelicals praying for Armageddon.
Iraq: Sunday : At least 49 killed in another bloody day of U.S. occupation:
Police said they found the bodies of 17 people dumped around the city of Baghdad
Bomber kills 23 army recruits, weekend toll at 250 :
A suicide bomber killed 23 Iraqi recruits hours after they joined the army when he rammed a truck into their vehicle near Baghdad on Sunday, in one of wave of attacks that killed 250 people over the weekend.
Faction war fears in Iraq city after convoy attack:
"This could burn down the city completely. It will not be limited to Diwaniya but would extend to all of Iraq, becoming a Shi'ite-Shi'ite war, and God knows when it would end."
Killings stoke tension in Iraq city :
Hundreds of mourners turned out to bury an assassinated provincial governor and chief of police on Sunday as the Iraqi prime minister ordered an investigation into their killings, which he called "a seditious act", and appealed for talks to end an ongoing cabinet crisis.
US surge in Iraq likely to fail, says UK committee:
The US "surge" of troops in Iraq is likely to fail, a British parliamentary committee said as it delivered a critical report on London's foreign policy in the Middle East.
UN staff forced back into Iraq to provide 'fig-leaf cover' for US:
The United Nations is to return kicking and screaming to Iraq under an internationally-approved plan for it to have an expanded political role in support of the Iraqi government.
Iraqi Sunni claims 'genocide campaign':
Iraq's most senior Sunni politician issued a desperate appeal Sunday for Arab nations to help stop what he called an "unprecedented genocide campaign" by Shiite militias armed, trained and controlled by Iran. The U.S. military reported five American soldiers were killed, apparently lured into an al-Qaida trap.
In case you missed it:
U.S. "In the business of creating ... sectarian violence." :
In an interview on CNN International's Your World Today, veteran journalist Seymour Hersh explains that the current violence in Lebanon is the result of an attempt by the Lebanese government to crack down on a militant Sunni group, Fatah al-Islam, that it formerly supported.
Iraq Attacks Target Anti-al-Qaida Sunnis:
Two Sunni leaders who took public stances against al-Qaida in Iraq were attacked Saturday, in a sign the terror network may ramp up retaliation against local chiefs who oppose it.
In case you missed it:
Now the Saudis tool up for war :
The White House line that Iraq's extremists are all backed by Iran is a myth
Italy probe unearths huge Iraq $40 million arms deal:
In a hidden corner of Rome's busy Fiumicino Airport, police dug quietly through a traveler's checked baggage, looking for smuggled drugs. What they found instead was a catalog of weapons, a clue to something bigger.
Iraqi beating trial begins today:
A Fort Lee soldier goes on trial today, accused of striking an Iraqi detainee's head with a baseball bat in 2003 and later trying to cover it up.
Fatigue cripples US army in Iraq:
As desertions and absences increase, the military is struggling to cope with the crisis
U.S. Pays Millions In Cost Overruns For Security in Iraq:
The U.S. military has paid $548 million over the past three years to two British security firms that protect the U.S. Army Corps of Engineers on reconstruction projects, more than $200 million over the original budget, according to previously undisclosed data that show how the cost of private security in Iraq has mushroomed.
Iran, Iraq sign oil pipeline deal :
Iran and Iraq signed an agreement to build pipelines for the transfer of Iraqi crude oil and oil products, the state-run Iran news network Saturday quoted the oil ministry as announcing.
Break with Bush over middle East, MPs warn Brown:
The Labour-led Foreign Affairs Committee urged Gordon Brown's ministers to talk to Syria and Iran - part of President George Bush's 'axis of evil'. The MPs also want engagement with moderate elements in both Hamas, the militant Palestinian group Washington is determined to isolate, and Hezbollah, the Lebanese militants branded a terrorist organisation by the U.S.
'Gifts' that haunt U.S.:
IT'S A GREAT time to be a friend of a lame-duck president. The Bush administration is handing out largesse at unprecedented levels -- to Saudi Arabia, Israel, India, Pakistan and others -- tens of billions of dollars to win support for its unpopular policies. All of this is also intended to isolate its adversaries, notably Syria and Iran.
29 killed in Afghanistan :
A wave of Taleban attacks across Afghanistan killed 29 people, including four international soldiers and nearly two dozen militants, military officials said yesterday.
Roadside bomb kills 3 U.S. soldiers in Afghanistan:
A roadside bomb blast killed three U.S. troops in eastern Afghanistan on Sunday, bringing to six the number of international troops killed over the weekend, officials said
Civilian death toll rises in the bloody battle of Helmand:
When British troops are pinned down by the Taliban, they call in a US air strike. But the huge bombs don't just kill the enemy - they destroy innocent families, increasing hostility towards the coalition
Two Alleged U.S. Spies Killed In Pakistan:
One Found Decapitated, The Other Shot; Suspected Militants Accused Afghan Men Of Spying For The U.S.
Lebanese army rejects rebels' surrender offer :
"However we are ready to guarantee that their families will be able to leave peacefully. Let them suggest a mechanism for this and it will go ahead," the spokesman added.
Israel requests changes to US military aid :
The United States is considering Israel's request to redistribute the increased military aid agreed on between Prime Minister Ehud Olmert and US President George W. Bush.
U.S. and Israel close gap on defense aid payouts:
The United States has yielded to some Israeli demands on how new U.S. military aid will be paid out, ending a brief dispute over the issue, an Israeli official involved in the talks said on Sunday.
Lantos: Premature roadblocks removal may spark terror attacks :
U.S. House Foreign Affairs Committee Chairman Tom Lantos on Sunday told journalists in Jerusalem that "premature removal of checkpoints is a guarantee of violence and terrorism erupting," on the same day that Prime Minister Ehud Olmert's office announced it would decide on their removal soon.
Speechless in Chicago:
The Chicago Council on Global Affairs has canceled a September speech on U.S.-Israel relations and Washington's pro-Israel lobby by two prominent U.S. political scientists.
Report: Israelis fighting guerillas in Colombia:
Colombian paper quotes local defense minister as confirming ex Israeli officers helping government in battle against guerillas, drug lords, while guerrilla group FARC claims Israeli commandos also fighting them in jungles
Putin increases missile defence rhetoric:
The war of words between Moscow and the west over missile defence intensified over the weekend as Vladimir Putin, Russia's president, declared a new radar station near St Petersburg to be "the first step in a large-scale programme".
Venezuela's Hugo Chavez Proposes Gas Pipeline to Cuba
Venezuela President Hugo Chavez supports constructing a natural gas pipeline beneath the Caribbean to supply neighboring islands and Cuba, and possibly extending to Mexico's Yucatan Peninsula.
Argentina's neglected Indian tribe
In a country in the midst of an economic boom, human-rights groups are blaming the government for neglecting Argentina's original inhabitants.
Should Doctors Force-Feed Prisoners?:
Casscells watched as a half-dozen Gitmo prisoners went through the 45-minute procedure. They were strapped into "restraint chairs" and a L/jo-inch soft rubber tube was fed through their noses.
Japan central bank to inject cash
Japan's central bank is to inject a further 600bn yen ($5bn) into the domestic banking system as part of its efforts to protect financial markets.
Jittery markets look to Fed: -
The Federal Reserve flooded nervous financial markets with three big injections of cash on Friday to head off concerns that a spreading credit crunch could cause a Wall Street meltdown.
PetroChina Shareholders Approve Shanghai Stock Sale
PetroChina Co. shareholders approved a $5.6 billion Shanghai stock sale, agreeing to a plan that will enable China's largest oil producer to close in on Exxon Mobil Corp. as the world's biggest company by market value.
Senate scrap involving Salazar purged from record:
Sen. Ken Salazar played a key role in a nasty partisan spat on the Senate floor. So nasty that Senate leaders have rewritten history to get rid of it.
The Shift: 6 Minute Video:
A massive worldwide phenomenon is in progress, offering seeds of great hope for the future.
Let Us Work Towards Peace & Joy
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