by Rick Rozoff
Stop NATO
March 26, 2009
On October 7 it will enter its ninth calendar year and with the projected deployment of at least 30,000 more American and thousands of more fellow NATO nations’ troops this year it promises to go on indefinitely.
It is the second longest war, both on the air and ground fronts, [...]
Wall Street erupted in a demonstration of euphoria and greed Monday as the Obama administration announced a plan to offload bankers’ bad debts that amounts to an unprecedented looting of taxpayer funds to benefit the financial elite.
All of the major stock indexes soared as Treasury Secretary Timothy Geithner laid out details of the administration’s so-called [...]
By Steve Gorman and Suzanne Hurt
Reuters
March 26, 2009
(Additional reporting by Tim Gaynor in Phoenix; Editing by Doina Chiacu and Mary Milliken)
SACRAMENTO, Calif. – Emergency shelters brimming with homeless people in California’s capital are quietly turning away more than 200 women and children a night in a sign of the deteriorating U.S. economy.
The displaced individuals on [...]
by Prof Howard Stein and Prof Claudia Kedar
project-syndicate.org
March 27, 2009
Today’s International Monetary Fund (and, to a lesser degree, the World Bank) recall Talleyrand’s description of France’s Bourbon kings: it has learned nothing and forgotten nothing. At a time when rich countries like the United States are running deficits of 12% of GDP because of the [...]
by Stephen Lendman
Global Research
On Wall Street, that is. So hyped by advance fanfare, Timothy Geithner unveiled his Public-Private Investment Program (PPIP) on March 23, the latest in a growing alphabet soup of handouts topping $12.5 trillion and counting – so much in so many forms, in “gov-speak” language, with so many changing and moving parts, [...]
MATT TAIBBI
Rolling Stone
Posted Mar 19, 2009
[From Issue 1075 — April 2, 2009]
The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution
It’s over — we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as of [...]
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. [...]
Comparing the U.S. to Russia and Argentina
Glenn Greenwald
Salon.com
Thursday March 26, 2009
Desmond Lachman — the former chief strategist for emerging markets at Salomon Smith Barney and a long-time official with the IMF (no raving socialist he) — argues today that the most apt comparison for the U.S. now is not Japan’s “lost decade,” but rather, “that [...]
Why Hasn’t Obama Targeted The Ongoing White Collar Crime Wave?
by Danny Schechter
Global Research, March 28, 2009
Another day. Another ponzi scheme
This time it’s the Millenium Bank in the Eastern Caribbean accused of a mere $65 million dollar rip off. (Ponzi king Bernard Maddoff allegedly took in $65 billion.) Regulators say there is a “ponzimonium” underway with [...]
by Prof. Michael Hudson
Global Research, March 28, 2009
Newspaper reports seem surprised at how high banks are bidding for the junk mortgages that Mr. Geithner is now bidding for, having mobilized the FDIC and Fed to transfer yet more public funds to the banks.
Yet bank stocks are soaring: that is what is bidding up the Dow Jones [...]
