Bush Secrecy Policies have Transformed U.S. Government from “Open” to “Closed”

President George W. Bush has transformed an open federal government in Washington into one of “pervasive secrecy,” a distinguished authority on communications and First Amendment rights says. Since his inauguration, Bush has overseen changes that suggest “a dramatic growth of government secrecy, far beyond the secrecy occurring during the Clinton Administration,” writes Susan Dente Ross, […]

The March to War: Israel Prepares for War against Lebanon and Syria

By the start of 2007, reports about major upgrades to the Syrian military, including advances in missile technology, with Iranian help were widespread in Israel. [1] The impression of an imminent war existed across much of the Middle East. Syria, Hezbollah, and Iran were reported in Israel to be preparing for a war to spark […]

War pimp alert: Petraeus promotion keeps nation on its war course

WASHINGTON – President Bush is promoting his top Iraq commander, Army Gen. David Petraeus, and replacing him with the general’s recent deputy, keeping the U.S. on its war course and handing the next president a pair of combat-tested commanders who have relentlessly defended Bush’s strategies. ADVERTISEMENT Bush will nominate Petraeus to replace Navy Adm. William […]

Technical problems!

No it is not a conspiracy, there are just some technical problems which prevent me from coming online at the moment. Living out in the sticks will do that to you. I hope to be online within a couple of days again, hope to see you back soon. Evelyn Gilbert

Bailout Bonanza

Is there a larger, more exploited, defenseless group of undifferentiated Americans than the 133 million individual federal income taxpayers? Their dollars are used to subsidize organized corporate interests, giveaway taxpayer assets like minerals under the public lands, and bail out speculative, self-enriching corporations and their crooked bosses. As large corporations, and their trade associations, complete […]

Study says 300,000 U.S. troops suffer mental problems

WASHINGTON (Reuters) – About 300,000 U.S. troops returning from Iraq and Afghanistan suffer symptoms of post-traumatic stress disorder or depression, but about half receive no care, an independent study said on Thursday. The study by the RAND Corp. also estimated that another 320,000 troops have sustained a possible traumatic brain injury during deployment. But researchers […]

Mainstream Financial Press is Finally Catching on to Hedge Funds

Finally, the mainstream financial press is finally catching on to hedge funds; they’re a rip-off. This from Forbes : “At first glance, hedge funds appear to load management contracts with incentives to encourage good performance and to keep managers’ interests in line with investors’. But in practice there is no way to encourage excellence without […]

Experts see Depression parallels in U.S. crisis

By Pedro Nicolaci da Costa Annandale-on-Hudson, New York (Reuters) – Events surrounding the U.S. housing crash in many ways resemble the Great Depression, including strings of failed bailout plans and a reliance on voluntary compliance, policy experts said on Thursday. A panel of speakers at Bard College’s Levy Economics Institute, in Annandale-on-Hudson in upstate New […]

Oooh oops:Meltdown of U.S. Dollar Underway as China Dumps the Currency

Comments by China that it intends to move away from its reliance on the dollar triggered a sharp drop in the Dow Jones Industrial Average and heightened worldwide fears about the U.S. currency’s stability. Chinese Central Bank Vice Director Xiu Jian said that his country is planning to shift much of its $1.4 trillion national […]

Swiss National Bank announces new injection of U.S. dollar liquidity

ZURICH, Switzerland: The Swiss National Bank will offer up to US$6 billion (€3.8 billion) in short term credit to ease strains in jittery financial markets, the central bank said Friday. SNB’s move will come in an auction of so-called repo loans, or repurchase agreements, to renew a similar measure of US$6 billion made last month […]

Authorities lose patience with collapsing dollar

Jean-Claude Juncker, the EU’s ‘Mr Euro’, has given the clearest warning to date that the world authorities may take action to halt the collapse of the dollar and undercut commodity speculation by hedge funds. Jean-Claude Juncker, who is calling for Washington to take steps to halt the slide of the dollar Momentum traders have blithely […]

Merrill Lynch posts big loss, cutting 2,900 jobs

Merrill Lynch & Co has posted its third straight quarterly loss and said it planned to cut 2900 more jobs after recording more than $US6.5 billion ($NZ8.3 billion) in write-downs on subprime mortgages and other risky assets. The $US2 billion loss was worse than Wall Street analysts’ gloomy expectations, but Merrill Lynch’s shares rose 4 […]

Asia Teeters Toward Food Crisis from Lack of Water

In countries like India, overpumping of groundwater for agriculture is reaching crisis level. Just before dusk on the central plain of India’s northern Punjab state Naresh Kumar, 22, crouches under drill and sprinkles mustard oil, turmeric, raw sugar and confections inside a 10-inch circle traced in the rich soil. Hands clasped and head bowed, he […]

End Game, the killing has started: Bankers saved, human rights sacrificed.

The randomness of numbers sometimes throws up some striking coincidences. Behind the shadow plays conjured up by the zealous servants of neoliberal globalisation, the brutal backstage reality revealed itself this week, through the publication of two international statistics. On the one hand, the amount of Official Development Assistance (ODA) distributed by the rich countries in […]

The end game has started:Global hunger, corporate greed: When will enough be enough?

Media around the world are currently feeding off the increasing price of food everywhere. The World Bank chief has joined in with the prediction that starvation is a distinct possibility for many of the weaker nations, leading to political turmoil. The Food and Agricultural Organization (FAO) chief says only 14 percent of available water is […]

Housing affordability getting worse

Housing affordability during March was the worst it has been in at least six years as strong house prices and rising interest rates combined to squeeze mortgage holders. The latest Fairfax Media Home Loan affordability report shows the proportion of median take home pay required to service the mortgage on a median house rose to […]