Wall St. Ticks Off the World Resist or Become Serfs Sarkozy warns Barack Obama: The love-in between Nicolas Sarkozy and Barack Obama proved short-lived after the French President warned his US counterpart yesterday to keep his nose out of the issue of Turkey’s membership of the European Union. Shell in court over alleged role in Nigeria executions: In a New York federal court, Shell and one of its senior executives are to face charges that in the early 1990s in Nigeria they were complicit in human rights abuses, including summary execution and torture. German and French banks got $36 billion from AIG Bailout: We officially moved into the next stage of the crisis today. AIG, likely under pressure from the administration, decided to come clean about where most of the bailout money was going. In a press release with several attachments, the struggling insurer detailed which counterparties had gotten about $100 billion of the bailout funds. America to redirect military spending: Mr Gates, who spent the weekend finalising his budget plans for 2010, is expected to take aim at several major weapons conventional warfare programmes, in favour of spending on technologies more useful to the "asymmetrical" wars that US forces are embroiled in. Economist: US collapse driven by 'fraud'; Geithner covering up bank insolvency: In an explosive interview on PBS' Bill Moyers Journal, William K. Black, a professor of economics and law with the University of Missouri, alleged that American banks and credit agencies conspired to create a system in which so-called "liars loans" could receive AAA ratings and zero oversight, amounting to a massive "fraud" at the epicenter of US finance. $500K homes now selling for $200,000: Mary Ann Lepley, her husband, Derrick, and their 2-year-old daughter, Melody, have been in their 3,000 square-foot home here for about three months. They bought it for about $250,000. Just two years ago, amid California's housing boom, the same house sold for nearly $550,000.
By Eric Margolis
Financial crisis, not armed terrorists, greatest threat to U.S. security. Continue
By Chris Hedges
America is devolving into a third-world nation. And if we do not immediately halt our elite's rapacious looting of the public treasury we will be left with trillions in debts, which can never be repaid, and widespread human misery which we will be helpless to ameliorate. Our anemic democracy will be replaced with a robust national police state. Continue
Monday, 6 April 2009
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