5,000 Years of History Shows that Mass Spying Is Always Aimed at Crushing Dissent

It wasn’t just the people in the Eastblock countries who suffered and died as a result of their governments spying on them. In fact the American revolution started because King George issued what was called general warrants (now called warrantless searches) so his bullies sheriffs could raid houses from people they didn’t like or who […]

$1.5b plan to sell state assets

By COLIN ESPINER – The Press | Tuesday, 25 September 2007 National is considering partial sales of state assets worth about $1.5 billion to fund projects such as roads and electricity transmission upgrades. Deputy leader Bill English yesterday gave more details of National’s plans to part-privatise state assets, despite a furious reaction by Labour to […]

Interest rate increases have ‘gone too far’

The Reserve Bank has “definitely overdone” interest rate rises this year and should slash the rates in line with Australia, economic forecasting group Berl says. Instead of being on “perpetual inflation alert”, rates should be lowered to encourage investment, productivity improvements or business expansion, Berl says. “The psychotic fear of inflation is clouding the need […]

Investors to blame for not assessing the risks

The United States is not the only nation confronting a household debt crisis. We, too, have a subprime lending market and it is managed by our collective bag of finance companies. The collective sum of savings at risk in this sector is reported to be $16 billion. Put another way, that’s nearly a third of […]

Greenspan on 60 Minutes: It was all Bush’s fault

By Mike Whitney 09/17/07 “ICH” — – Alan Greenspan’s appearance on 60 Minutes was preceded with all the pomp and ceremony of a royal wedding. The public relations blitz dragged out for a whole week. What profound truisms would the elusive former-fed master divulge to the News Magazine’s withered-coquette, Leslie Stahl? Would he produce his […]

Recession Time! The Housing Bubble Bursts the Economy

By Dean Baker     t r u t h o u t | Perspective    Tuesday 11 September 2007     The downturn in jobs reported last month by the Labor Department provided evidence of an economic downturn that even the economy’s greatest cheerleaders could not ignore. Healthy economies do not shed jobs.     During the core periods of the upturns […]

US, NZ ‘on a date’ for free trade pact

By Audrey Young  Richard Armitage Former US Deputy Secretary of State Richard Armitage likens US relations with New Zealand at present to “dating”. “It’s just like dating. I think we are on a date now,” he said at the second US-NZ Partnership Forum in Auckland, which finished yesterday. “We’re going to see if this works.” […]

Soup Kitchen U.S.A.

By Mike Whitney   “Credit booms do not end in inflation as most people believe. Credit booms ARE inflation that end in deflation. This credit boom is not any different.”   Mike Shedlock, “Mish’s Global Economic Trend Analysis”     09/11/07 “ICH” — — The days of the dollar as the world’s “reserve currency” may be drawing to a […]

Is Eating Local the Best Choice?

Those who say eating local is not always the best choice for the planet are forgetting one very important part of the equation: community. Some 30 years ago NASA came up with another BIG idea. Assemble vast solar electric arrays in space and beam the energy to earth. The environmental community did not dismiss NASA’s […]

Nervous US investors start to fear recession

Friday’s news of a buckling United States job market sent stock investors running for the exits, and this week promises to be no less stressful as investors grapple with the increasing possibility of an economic recession. The weekend also gave investors time to reflect on news that US employers cut payrolls by 4000 jobs last […]

GAO report: Medicare not doing enough insurer audits

Private insurance companies participating in Medicare have been allowed to keep tens of millions of dollars that should have gone to consumers, and the Bush administration did not properly audit the companies or try to recover money paid in error, congressional investigators say in a new report. The investigators, from the Government Accountability Office, said […]

The Supply-Side Fraud: Republican Economics Don’t Work

By Hale Stewart, HuffingtonPost.com. Posted September 10, 2007.Supply-side economics is a great marketing concept, but in reality is a poor national policy. Tools Republicans are enamored by “supply-side” economics. Frankly, I have to admit it’s a very easy sell. Think about it. “Cutting tax rates stimulates the economy to such a high level that tax […]

Banks face 10-day debt timebomb

By Iain Dey, Sunday Telegraph Last Updated: 12:02am BST 10/09/2007 Britain’s biggest banks could be forced to cough up as much as £70bn over the next 10 days, as the credit crisis that has seized the global financial system sparks a fresh wave of chaos. The credit crunch is really hitting home Small businesses risk being […]

We’ll break US free trade barrier – Nats

National leader John Key today unveiled plans to negotiate a free trade agreement with the US, which the government is yet to succeed in doing since it came to power in 1999. National will soon release a foreign policy paper with the key objective of preparing the ground for negotiating a Free Trade Agreement (FTA) […]

American Economy: R.I.P.

Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions. A lifelong Republican.  By Paul Craig Roberts 09/10/07 “ICH’ — — The US economy continues its […]

Are The Banks In Trouble?

By Mike Whitney      “The new capitalist gods must love the poor – they are making so many more of them.” Bill Bonner, “The Daily Reckoning”   “The hope of every central bank is that the real problem can be kept from public view. The truth is that the public—even professionals on Wall Street—have no […]

Communities Take Power

by Doug Pibel The Citizens of Barnstead, New Hampshire, Used Local Law to Keep Corporate Giants Out of Their Water Gail Darrell, center, and other Barnstead, New Hampshire, residents pressed for a law to counter the “tyranny and usurpation” of the people’s right to govern themselves, especially with regard to water. Gordon Preston, left, and […]

What was the minimum wage again?

Quick vote and NZX boss gets deal topping $1.4m By JAMES WEIR – The Dominion Post | Friday, 7 September 2007 ROBERT KITCHIN/Dominion Post REASON TO SMILE: NZX shareholders have approved a new incentive scheme for chief executive Mark Weldon, which could potentially boost his annual salary package to more than $1.4m.Advertisement In less than […]

Showdown time as Clark heads to Apec

Showdown time as Clark heads to Apec By TRACY WATKINS in Sydney – The Dominion Post | Friday, 7 September 2007Prime Minister Helen Clark arrives in Sydney today to unprecedented security and a showdown over nuclear power. As police prepare for a big protest march tomorrow, expected to attract 20,000 people, Sydney-siders are reporting security […]

Aussie march to go ahead despite court order

David Edwards and Muriel Kane Published: Thursday September 6, 2007   Australians hoping to demonstrate against the Asia-Pacific Economic Cooperation (APEC) forum summit which President Bush is attending in Sydney have been denied permission by a court to march near the security zone. A small march by students protesting the Iraq War and global warming […]

Homes entering foreclosure at record

The housing slump, Midwestern economic woes and resetting ARMs send late payments higher. By Les Christie, CNNMoney.com staff writer September 6 2007: 11:58 AM EDT NEW YORK (CNNMoney.com) — The delinquency rate for mortgage borrowers spiked higher in the second quarter and the number of homes entering the foreclosure process hit a record high, according […]

Sidney expects violent demonstrations

Journalists in Australian and New Zealand newspapers today speak feverishly of the worst ever violence to be expected in Sidney.(By the way the articles are exactly the same and show all the more that New Zealand’s main newspapers are now corporately owned and our news is managed and no longer independent.) John Howard blames the […]

U.S. Stock Market Falls on Employment & Housing Data

Posted by Kate Incontrera on Sep 6th, 2007 The Dow, the S&P and the NASDAQ all suffered their first losses in three days at market open this morning.The drop was caused by not-so-good employment and housing data, and on the news that short-term interest rates in Europe rose to the highest since January 2001. Although […]

Domino effect as another finance firm goes under

By VANESSA PHILLIPS – The Nelson Mail | Thursday, 6 September 2007Email a Friend | Printable View | Have Your SayRelated Links • Subscribe to Archivestuff • Have your say Advertisement AdvertisementAnother Nelson finance company, with links to failed firm LDC Finance, has nosedived into receivership, owing $16 million to investors. Long-established Tahunanui-based Finance and […]

NZ isolated over nuclear energy

SYDNEY – New Zealand is resisting a push by Australia and the United States for nuclear power as the answer to global warming. Ministerial meetings of the Asia-Pacific Economic Cooperation forum (Apec) have been dominated by climate change policy, but New Zealand has found itself on a different side of the table from the US […]

Aussie senator calls Bush ‘dunderhead’

Greens Party leader Senator Bob Brown An outspoken Australian politician has called US President George W. Bush a ‘dunderhead’ for sending troops to Iraq. Bush, whose five-day visit has placed Australia’s biggest city Sydney under a security lockdown, spent the day in talks with Prime Minister John Howard. Meanwhile, Greens Party leader Senator Bob Brown […]

Sydney : Inside ‘The Cage’

“We’re Like A Bunch Of F*cking Rats In A Maze!” The ‘steel wall’ goes up only metres from the Sydney Opera House. Report And Photos By Darryl Mason On the outside of the ‘steel wall’ stretching five kilometres through the centre of Sydney, it looks like a fence. A three metre high, concrete reinforced fence. […]

Rice wants to visit NZ – Peters

United States Secretary of States Condoleezza Rice is keen to visit New Zealand, Foreign Minister Winston Peters said. He met Dr Rice yesterday on the fringes of the Asia-Pacific Economic Co-operation (Apec) forum being held in Sydney under tight security. read more

Key pledges to improve funding for private-sector care of the elderly

The National Party says funding for care of the elderly is inadequate, and it proposes regular increases in payments and more partnerships with the private sector. National leader John Key outlined proposals in a speech to the Health Care Providers Conference in Rotorua yesterday. He said New Zealand’s ageing population meant the private sector would […]