Saturday, 03 July 2010 10:07
'Illinois-based Nalco Corporation is responsible for the Corexit 9500 chemical dispersanthighlighted by experts as being 4 times more toxic than the oil that is flowing into the Gulf. Scientists in congressional hearings added that the dispersant is more toxic than other similar dispersant on the market. Naturally, whenever a major disaster takes place — especially when major, society-altering solutions are being offered — one needs to follow the trail of money and power to see who benefits. Sure enough, a casual search of Nalco’s Web site reveals their company history; it leads right to the doorstep of Goldman Sachs.'
Read more: Goldman Sachs: The Pirates of Poison in the Gulf
Saturday, 03 July 2010 09:52
'You don't usually expect radical neo-Marxism from the International Monetary Fund – the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches of the world. And yet, hidden away in an obscure IMF report a few years back is a short sentence that explains precisely the problems that Britain, and the rest of the Western world, have been sleepwalking towards for years.
The claim made by the IMF's Financial Stability Report in 2005, in a seemingly throwaway remark, was that households had become the financial system's "shock absorber of last resort". In other words, whereas in previous eras, much of the pain of recession and financial crisis was borne by businesses or governments, with families afforded some degree of protection by the pensions system or welfare state, it was now households who were far more likely to face the music.'
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