By Mike Whitney A Solution? How to Save the U.S. Economy America As Superpower: Shaken, Not Deposed The Surge That Failed Obama Threatens Dire Consequences if Iran Doesn't Change its Ways Unrepentant and Unbreakable Many Approved Torture Greg Palast and Robert F. Kennedy Senator Leahy Concerned about NorthCom’s New Army Unit Who owns the IMF?: The International Monetary Fund could be a vital institution in the global economy – but only if reformed to reflect new realities Indonesian stock exchange halted indefinitely: The president of the Indonesian stock exchange says trading will be suspended indefinitely "to prevent deeper panic" after another huge drop on Wall Street. Russia's Crash `Pretty Much the Same' as 1929, Micex Chief Says: The 67 percent decline in Russian equities this year resembles the U.S. stock market crash of 1929 because of the damaging effect of highly leveraged investors, the head of Russia's Micex Stock Exchange said. Russian President Endorses Emergency G8 Summit; Russian President Dmitry Medvedev Friday endorsed the idea of an emergency Group of Eight summit on the global financial crisis but insisted on major developing countries such as China and India being included. Putin: US image damaged forever over economy woes: - The financial crisis has irreparably damaged the image of the U.S. as the leader of the free world and the global economy, Russian Prime Minister Vladimir Putin said Thursday. Financial Crisis: Gordon Brown demands £20 bn 'British money' from Iceland: The Prime Minister said Britain would seize the assets of Icelandic companies and take “further action against the authorities” over the collapse of the island’s banks. Selling frenzy persists as gobal stocks dive: Global stocks dove head first to five-year lows on Friday at the end of a brutal week as even the traditional safe-havens of gold and government bonds suffered as fear-stricken investors sought refuge in cash. U.S. Weighs Backing Bank Debt: Removing Deposit Insurance Limits Also on the Table General Motors' market cap plunges to 1929 level; Stocks fall in Europe and US: General Motors shares have fallen 13% and the market capitalisation is down to the level it was at in March 1929 - at about $4 billion. It had a market cap of $52 billion in 2000. The stock has fallen 45% in the last month. The current financial crisis is only the beginning: One could argue that the banking crisis is just the cold sweat, not the flu that follows it.
Panic has spread to stock markets around the world. A massive sell-off, which began when Henry Paulson announced a $700 billion bailout for the banking system, has turned into a global stampede. Continue
By Paul Craig Roberts
Does the US have the leadership to realize the problem and to deal with it? Continue
By Richard C. Cook
Everything being suggested by the Obama/McCain campaigns is based on the failed Keynesian formula. Continue
By Howard LaFranchi
"The declinists predicting America's demise as the preeminent global power are in overdrive with the financial crisis, and the declinists are wrong once again," says Robert Lieber, professor of government at Georgetown University in Washington and author of "The American Era."Continue
Afghanistan Under the Bombs
By Anand Gopal
As he rounded the corner, he saw a crowd of people, villagers and factory workers, gathered around his destroyed house. An American bomb had flattened it into a pancake of cement blocks and pulverized bricks. He ran toward the scene. It was only when he shoved his way through the crowd and up to the wreckage that he actually saw it -- his mother's severed head lying amid mangled furniture. Continue
By Haaretz Service and News Agencies
U.S. Democratic presidential nominee Barack Obama told an audience at the second U.S. presidential debate on Tuesday that he would deliver a tough and direct message to Iran that if they did not change their behavior there would be dire consequences. Continue
The Time for Mordechai Vanunu is Now
By Rannie AmiriI
The pressure exerted by Israel in goading the United States to attack Iran has been relentless, and thankfully, resisted up to now. In this context, is there any better person to receive the Peace Prize than the man who initially exposed the Middle East’s first—and only—nuclear power over two decades ago? Continue
Editorial
When it comes to the Bush administration's disgraceful decision to torture terrorism suspects, there are plenty of officials to share the shame. Continue
Vote Rigging and Suppression Ahead of the 2008 Election
By Democracy Now!
Robert F. Kennedy. "A lot of Europeans wonder, why are Americans so crazy? They keep reelecting this guy. Well, the answer is, we don’t. You know, they keep stealing these elections. And they stole it in 2000, they stole it in 2004, and they’re all set up to steal it again." Continue
By Matthew Rothschild
While it states that such support “does not include military support to local law enforcement,” there is a provision in the directive for the military to take over functions of the civilian government. Continue
Saturday, 11 October 2008
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