DOHA: Iranian President Mahmoud Ahmadinejad yesterday called for developing an alternative economy in the face of the “total failure” of socialism and capitalism.
Addressing the plenary session of the International Conference on Financing for Development here, Ahmadinejad hit out against the “capitalist bloc”. Read the rest of this entry »
WASHINGTON – Few prominent economists will say it, but to me it looks and feels like we are in another Great Depression or a reasonable facsimile.
The current meltdown is dubbed a “financial crisis.” But a rose by any other name would still inflict the same hardship and suffering on most people and businesses. Read the rest of this entry »
WASHINGTON – Few prominent economists will say it, but to me it looks and feels like we are in another Great Depression or a reasonable facsimile.
The current meltdown is dubbed a “financial crisis.” But a rose by any other name would still inflict the same hardship and suffering on most people and businesses. Read the rest of this entry »
“Observance of customs and laws can very easily be a cloak for a lie so subtle that our fellow human beings are unable to detect it. It may help us to escape all criticism, we may even be able to deceive ourselves in the belief of our obvious righteousness. But deep down, below the surface of the average man’s conscience, he hears a voice whispering, ‘There is something not right,’ no matter how much his rightness is supported by public opinion or by the moral code.”
- Carl Gustav Jung
November 28, 2008 “Dahr Jamail Dispatches” — – What’s in a system? We in the United States have grown acclimatized to a system that first dehumanizes us and then inevitably feeds on our dehumanization, sucking away at our resources, our rights, and our resistance while we scamper frantically around in the pursuit of life, liberty, and happiness. Read the rest of this entry »
Years of research finally supports what many parents already knew: Junk foods – loaded with artificial food dyes and preservatives – cause behavioral problems in children.
Research from a study of 297 children published in The Lancet found a significant number of children became more inattentive, impulsive and hyperactive when given a test drink with artificial additives. (The subjects were from the general population, not diagnosed with attention deficit hyperactivity disorder.) In England, where the study was conducted, people are calling for the additives to be banned from the food supply because the effects can lead to reading and other problems in school. Read the rest of this entry »
Israel will be resolved to use Turkish air space to attack Tehran’s nuclear facilities, says a prominent US political strategist.
In a recent political panel, Charles Krauthammer ruled out the possibility of Israeli warplanes flying through US-controlled Iraqi airspace to launch potential air strikes on the Islamic Republic and claimed that Tel Aviv would most likely opt to use Turkish air space instead.
He claimed that Israel would bomb the Iranian uranium enrichment infrastructure in the same manner it bombed Syria in September 2007. Read the rest of this entry »
An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim.
“The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock,” wrote Tom Fitzpatrick, Citibank’s chief technical strategist. Read the rest of this entry »
A Democratic Congressman in the US has launched a scathing attack on some bank executives, who he accuses of throwing parties while the US economy goes up in smoke. Dennis Kucinich added that restoring good relations with Russia is vital for the recovery of the American economy.
MOSCOW, November 28 – The Dmitry Donskoi Typhoon-class strategic nuclear-powered submarine has carried out another test launch of a Bulava intercontinental ballistic missile, a Defense Ministry source said on Friday.
“The Bulava was launched from a submerged position in the White Sea toward a target located at the Kura test site on the Kamchatka Peninsula,” the source said. Read the rest of this entry »
Texas Congressman Ron Paul has warned that international forces are planning the creation of a global central bank that will see a new fiat monetary system come to dominate the world economy.
The 2008 presidential candidate also warned that Barack Obama’s administration will only represent a change in faces and not in policies. Read the rest of this entry »
In violation of its pledge to the United Nations not to recruit children into the military, the Pentagon “regularly target(s) children under 17,” the American Civil Liberties Union(ACLU) says.
The Pentagon “heavily recruits on high school campuses, targeting students for recruitment as early as possible and generally without limits on the age of students they contact,” the ACLU states in a 46-page report titled “Soldiers of Misfortune.”
This is in violation of the U.S. Senate’s 2002 ratification of the Optional Protocol to the UN Convention on the Rights of the Child. Read the rest of this entry »
In violation of its pledge to the United Nations not to recruit children into the military, the Pentagon “regularly target(s) children under 17,” the American Civil Liberties Union(ACLU) says.
The Pentagon “heavily recruits on high school campuses, targeting students for recruitment as early as possible and generally without limits on the age of students they contact,” the ACLU states in a 46-page report titled “Soldiers of Misfortune.”
This is in violation of the U.S. Senate’s 2002 ratification of the Optional Protocol to the UN Convention on the Rights of the Child. Read the rest of this entry »
November 26, 2008 (LPAC) — Treasury Secretary Henry Paulson is willing to follow the British scenario and sink all U.S. banks, Lyndon LaRouche said today.
Instead of following British orders, Paulson should take his medicine, and declare the whole system in bankruptcy– reorganization in bankruptcy, not more bailouts. He may be a Christian Scientist, but this time he has got to take his medicine, LaRouche said. Read the rest of this entry »
It’s been a quick slide from economic superpower to economic basket case.
Dear United States, Welcome to the Third World!
It’s not every day that a superpower makes a bid to transform itself into a Third World nation, and we here at the World Bank and the International Monetary Fund want to be among the first to welcome you to the community of states in desperate need of international economic assistance. As you spiral into a catastrophic financial meltdown, we are delighted to respond to your Treasury Department’s request that we undertake a joint stability assessment of your financial sector. In these turbulent times, we can provide services ranging from subsidized loans to expert advisors willing to perform an emergency overhaul of your entire government. Read the rest of this entry »
The total cost of funds committed to the bailout in its various guises has now hit $8.5 trillion dollars, up from $7.7 trillion in just two days after the federal government committed an additional $800 billion to two new loan programs on Tuesday. Read the rest of this entry »
“The problems we face today cannot be solved by the minds that created them” Albert Einstein
Obama hasn’t even been sworn in yet, and already the Wall Street cheerleaders are celebrating his first great triumph. According the pundits, the stock market staged a surprise 494 point rally on Friday because–get this–it was announced that Timothy Geithner would be appointed Obama’s Treasury Secretary.
“The problems we face today cannot be solved by the minds that created them” Albert Einstein
Obama hasn’t even been sworn in yet, and already the Wall Street cheerleaders are celebrating his first great triumph. According the pundits, the stock market staged a surprise 494 point rally on Friday because–get this–it was announced that Timothy Geithner would be appointed Obama’s Treasury Secretary.
The Truth behind the Citigroup Bank “Nationalization”
On Friday November 21, the world came within a hair’s breadth of the most colossal financial collapse in history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two years ago was America’s largest, Citigroup. The size of the US Government de facto nationalization of the $2 trillion banking institution is an indication of shocks yet to come in other major US and perhaps European banks thought to be ‘too big to fail.’ Read the rest of this entry »
November 25, 2008 – As the roster of corporations and financial institutions on line for government bailouts seems to grow, some public policy advocates in Washington D.C. are calling on policymakers to focus more efforts on the nation’s poorest. The ranks of the destitute are growing quietly but alarmingly as much of the world focuses on troubles surrounding Wall Street. “Recent data show poverty is already rising quite substantially,” says Robert Greenstein, the executive director of the Center on Budget and Policy Priorities. “There is a strong potential for more hardship and destitution than we have seen in this country in a number of decades.” Read the rest of this entry »
Euro-zone industrial orders plunged 3.9pc in September and Germany’s IFO index of business expectations has fallen to the lowest level since the survey began half a century ago, heightening fears of a severe slump across Europe next year.
French president Nicolas Sarkozy met Germany’s Chancellor Angela Merkel in Paris yesterday to plead for stronger German support for an EU-wide rescue package. The talks come as the European Commission adds the final touches to a €130bn (£110bn) fiscal stimulus plan. Read the rest of this entry »
“America will see a financial collapse so great that it will take years to come out of it.”
Four months ago in July, when gas was > $4.00 a gallon, Lindsey Williams (author/producer of The Energy Non-Crisis (google video) accurately predicted on the Alex Jones show that oil would drop to $50 a barrel (it was $133 at the time). Oil just hit $50 on Nov. 20. Here is the video from july: http://www.youtube.com/watch?v=yY-_jfl7zYQ
On November 21, Lindsey revisted the Alex Jones show with more warnings and predictions.
2008 marks the 20th anniversary of Multinational Monitor’s annual list of the 10 Worst Corporations of the year.
In the 20 years that we’ve published our annual list, we’ve covered corporate villains, scoundrels, criminals and miscreants. We’ve reported on some really bad stuff — from Exxon’s Valdez spill to Union Carbide and Dow’s effort to avoid responsibility for the Bhopal disaster; from oil companies coddling dictators (including Chevron and CNPC, both profiled this year) to a bank (Riggs) providing financial services for Chilean dictator Augusto Pinochet; from oil and auto companies threatening the future of the planet by blocking efforts to address climate change to duplicitous tobacco companies marketing cigarettes around the world by associating their product with images of freedom, sports, youthful energy and good health.
MOSCOW, November 24 (RIA Novosti) – A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts. Read the rest of this entry »
IBM has announced it will lead a US government-funded collaboration to make electronic circuits that mimic brains.
Mimicking synapses like this one is crucial to the effort. Part of a field called “cognitive computing”, the research will bring together neurobiologists, computer and materials scientists and psychologists. As a first step in its research the project has been granted $4.9m (£3.27m) from US defence agency Darpa.
IBM has announced it will lead a US government-funded collaboration to make electronic circuits that mimic brains.
Mimicking synapses like this one is crucial to the effort. Part of a field called “cognitive computing”, the research will bring together neurobiologists, computer and materials scientists and psychologists. As a first step in its research the project has been granted $4.9m (£3.27m) from US defence agency Darpa.
To understand where we are now ~ you must first understand the reality of what we have done to ourselves. Our structured finance system house of cards has collapsed leaving behind a multi-trillion dollar capital black hole that is bringing down the broader economy ~ with no effective Plan B : Allen L Roland Read the rest of this entry »
The November 22 End the Fed rallies raise a vital issue: it is past time to abolish the unconstitutional, illegal, and failed institution known as the Federal Reserve System, the privately owned central bank which has been looting and wrecking the US economy for almost a hundred years. We must end a system where unelected, unaccountable cliques of bankers and financiers loyal to names like Morgan, Rockefeller, and Mellon set interest rates and money supply behind closed doors, leading to de-industrialization, mass impoverishment, and a world economic and financial depression of incalculable severity. Read the rest of this entry »
President-elect outlines recovery plan, warns worst may be yet to come
WASHINGTON – U.S. President-elect Barack Obama said on Saturday that he was crafting an aggressive, two-year stimulus plan to revive the troubled economy, warning that swift action was needed to prevent a deep slump and a spiral of falling prices.
“If we don’t act swiftly and boldly, most experts now believe that we could lose millions of jobs next year,” Obama said in prepared remarks for the weekly Democratic radio and video address. Read the rest of this entry »
President-elect outlines recovery plan, warns worst may be yet to come
WASHINGTON – U.S. President-elect Barack Obama said on Saturday that he was crafting an aggressive, two-year stimulus plan to revive the troubled economy, warning that swift action was needed to prevent a deep slump and a spiral of falling prices.
“If we don’t act swiftly and boldly, most experts now believe that we could lose millions of jobs next year,” Obama said in prepared remarks for the weekly Democratic radio and video address. Read the rest of this entry »
OTN covers the End the Fed demonstration outside the Dallas Federal Reserve building on November 22nd, 2008. Alex Jones and Ron Paul’s brother were in attendance.
The IMF’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.
Olivier Blanchard also warned that the institution does not have the funds to solve every economic problem. Read the rest of this entry »
Almost two years ago he predicted that the financial markets were heading for crisis. At the time he told CNBC, “We’re on the verge of a major, major recession that’s probably going to start by the end of this year, maybe early next year. The housing market is just beginning to unravel. We’re seeing the tip of the iceberg here.”
Israeli intelligence sources say the prospect of military action against Iran has increased significantly in the past few weeks.
Israeli sources told the Times on Friday that in the past few weeks Tel Aviv has witnessed an increase in the chances of launching an airborne attack on Iran’s nuclear infrastructure. Read the rest of this entry »
Bank sees share price drop below $4 in New York for first time in 15 years / Pandit insists Smith Barney is not for sale
Citigroup assembled its board to “think the unthinkable” yesterday, with a fire sale or a break-up of the financial giant on the table. Read the rest of this entry »
Kenyan Ambassador to the United States, His Excellency Peter Ogego, admitted in this radio interview that Barack Obama was born in Kenya! Read the rest of this entry »
Shares dipped to $1.70 as hope fades that automakers could get financial bailout from Congress before Thanksgiving.
NEW YORK (AP) — Shares of General Motors Corp. plummeted to a low not seen since the days of the Great Depression as hope that the automakers could receive a financial bailout from Congress before the Thanksgiving holiday continued to fade. Read the rest of this entry »
NEW YORK (Reuters) – Bank of New York Mellon Corp (NYSE:BK – News) on Thursday said it plans to cut 1,800 jobs as falling equity markets reduce the assets it oversees, cutting into potential profit. Read the rest of this entry »
Mimicking synapses like this one is crucial to the effort. Part of a field called “cognitive computing”, the research will bring together neurobiologists, computer and materials scientists and psychologists. As a first step in its research the project has been granted $4.9m (£3.27m) from US defence agency Darpa.