Biden, Iraq, and Obama’s Betrayal

Incipient Democratic presidential nominee Barack Obama’s selection of Joseph Biden as his running mate constitutes a stunning betrayal of the anti-war constituency who made possible his hard-fought victory in the Democratic primaries and caucuses. The veteran Delaware senator has been one the leading congressional supporters of U.S. militarization of the Middle East and Eastern Europe, […]

Internet Traffic Begins to Bypass the U.S.

“Suppose the Internet was entirely confined to the U.S., which it once was? That wasn’t helpful,” said Vint Cerf of Google. Invented by American computer scientists during the 1970s, the Internet has been embraced around the globe. During the network’s first three decades, most Internet traffic flowed through the United States. In many cases, data […]

Russia threatens to supply Iran with top new missile system as ‘cold war’ escalates

Russian President Dmitry Medvedev [right] speaks with Iranian President Mahmoud Ahmadinejad during their bilateral meeting in Dushanbe on August 28, 2008 Photo: AFP/GETTY US intelligence fears the Kremlin will supply the sophisticated S-300 system to Tehran if Washington pushes through Nato membership for its pro-Western neighbours Georgia and Ukraine. The proposed deal is causing huge […]

Integrity Bank Becomes 10th U.S. Failure This Year

By Alison Vekshin and Ari Levy Aug. 29 (Bloomberg) — Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression. Integrity Bank, with $1.1 billion in assets and $974 million […]

Four homes – $43,000 lost in four months

Four properties, four months and $43,000 lost. That’s how much the weakening property market has slashed house prices in a Sunday Star-Times valuation investigation. We tracked four case-study houses in Auckland, Hamilton, Wellington and Christchurch, and asked Quotable Value to give us “before and after” estimates of their worth over a four-month period. The value […]

The 2008 Crisis in the Caucasus: A Unified Timeline, August 7-16.

To reveal and analyze what actually happened, it is essential to have a unified version of key events. To achieve this objective, I have examined the detailed timelines provided on the web sites of the Georgian Ministry of Foreign Affairs and Russia Today news service, integrating these with various Georgian, Russian, and international press reports. There are surprisingly […]

Economy at 60-year low, says Darling. And it will get worse

News Politics Economic policy Exclusive interview Economy at 60-year low, says Darling. And it will get worse Chancellor says Labour failing to communicate with voters Nicholas Watt, chief political correspondent The Guardian, Saturday August 30 2008 Article history Photograph: Junko Kimura/Getty images Britain is facing “arguably the worst” economic downturn in 60 years which will […]

Bush quietly seeks to make war powers permanent, by declaring indefinite state of war

WASHINGTON — Tucked deep into a recent proposal from the Bush administration is a provision that has received almost no public attention, yet in many ways captures one of President Bush’s defining legacies: an affirmation that the United States is still at war with Al Qaeda. Seven years after the Sept. 11 attacks, Mr. Bush’s […]

U.S. citizen was among Georgian commandos – Russian Military

A U.S. passport was found in a building in South Ossetia occupied by Georgian troops, a Russian military spokesperson revealed on Thursday. After Russian peacekeepers cleared the heavily defended building, a passport belonging to a Texan named Michael Lee White was discovered inside. Deputy Chief of Russia’s General Staff Anatoly Nagovitsyn showed photocopies of the […]

As many as 300 banks could fail over the next three years

(Reuters)—More U.S. banks may fail after the collapse of mortgage lender IndyMac Bancorp, straining a financial system seeking stability after years of lending excesses. More than 300 banks could fail in the next three years, said RBC Capital Markets analyst Gerard Cassidy, who had in February estimated no more than 150. Banks face pressure as […]

China wages war on Olympic weather

Wasn’t the weather in Beijing just amazing! BEIXIN, CHINA–Mark Twain once famously said, “Everybody talks about the weather, but nobody does anything about it.” Here, 25 kilometres northwest of central Beijing, they’re desperately trying to do something about it – it’s just that nobody wants to talk. “You can’t come in here,” says a groundskeeper […]

NIST, WTC 7 and the ten most obvious connections between NIST and Thermite

NIST’s explanation that an entirely new Phenomenon “Thermal expansion” due to small office fires caused the most fortified building in New York to collapse in the freefall speed of 6.5 seconds beggars believe. But it gets worse; Shyam Sunder the lead investigator answered when questioned whether they had investigated the possibility that the building had […]