“Let Detroit Go Broke” In case you missed it
GM, the NY Times & Marxism 101
By Shamus Cooke
Whereas the giant Wall Street banks received over 1 trillion dollars – so far— without barely having to ask, an industry that actually produces something has to beg for a handout. Why the difference? Continue
Death Of The Dollar
Aljazeera Video
Paul Craig Roberts and others talks about the ill health and possible demise of the dollar.Continue
From my cell I scent the reeking soul of US justice: US federal prosecutors, almost all of whom would be disbarred for their antics if they were in Britain or Canada, win more than 90% of their cases thanks to the withering of the constitutional guarantees of due process – that is, the grand jury as an assurance against capricious prosecution, no seizure of property without just compensation, access to counsel, an impartial jury, speedy justice and reasonable bail.
Medvedev's Venezuela, Cuba trips set to rile U.S.: His trip to Venezuela, a key buyer of Russian arms, coincides with the two countries' first joint naval exercise in the Caribbean -- traditionally viewed by the United States as its backyard.
In praise of Hugo Chavez: Chavez has transformed life for millions in Venezuela
Russia acknowledges financial crisis has hit hard: "It is clear that Russia will be much worse affected by the crisis than other major economies and will be affected for much longer."
US will guarantee up to $1.4T in bank debt: The first preliminary approval went to Ford Group Bank, whose owners include Hilltop Holdings, Inc., an investment vehicle for Texas billionaire Gerald J. Ford.
Citigroup talking to U.S. government: Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank's ability to survive, a person familiar with the matter said.
Bank Regulators Shut Down 3 Banks: Bank regulators in two states shut down three institutions Friday -- one in Georgia and two in California. They are the 20th, 21st and 22nd federally-insured operations to be closed this year.
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