Manufacturing Consent For Attack On Iran? How Would Iran Respond to US Attack? 6 Million Pakistanis need Immediate Aid as 1/3 of Country is Submerged News at 11: How Climate Change Affects You Party Like Its 1929 Is This Finally The Economic Collapse? The Big Things That Matter And The Little Things That Annoy The Raid on Food Stamps Post-Anti-Americanism Romania says it will stand by Israel if it attacks Iran: Romanian President Traian Basescu tells President Shimon Peres his country will stand by Israel if it attacks Iran. Just get out: The Israeli authorities try to expel Hamas’s MPs from East Jerusalem Turkey sets up own Gaza flotilla inquiry: On Tuesday Turkey's Foreign Minister Ahmet Davutoglu said on Tuesday that Israel should admit sole responsibility for the deaths aboard the Mavi Marmara. "No one else can take the blame for killing civilians in international waters," Davutoglu told journalists. Iran stoning woman tortured to confess on TV: lawyer: A lawyer for an Iranian woman sentenced to death by stoning in the Islamic republic told a British daily she was tortured before confessing on state television to involvement in her husband's murder. Africa’s Lord’s Resistance Army runs amok, 255 reported killed in last 18 months: Largely unreported campaign of abductions and massacres waged, scores of children have been forced to become child soldiers or sex slaves 23 killed in south Sudan ambush: The attack came less than a week after 21 others were killed in a cattle raid in the south, as concerns grow that continued violence could unsettle the semi-autonomous region ahead of a January vote on independence. China braces for more floods as heavy rains predicted: Forecasters warn water levels could rise further and cause more destruction as rescue teams continue search for survivors Russia fires ignite radiation fears: Wildfires are threatening to stir radioactive particles left over from the 1986 Chernobyl nuclear disaster back into the air over western Russia, authorities have said. Honduras Down the Memory Hole: U.S. media ignore the aftermath of dubious elections they praised UK: Report a crime and end up on a secret database: Police force has logged 180,000 names Florida immigrant crackdown aims to outdo Arizona laws: State attorney general Bill McCollum promises harshest anti-illegal immigration legislation yet Greek austerity measures hit GDP: Greece's economy has shrunk by a further 1.5 per cent in the second quarter of the year, as the country felt the painful consequences of the government's drive to reduce its debts with aggressive austerity cuts. IMF blueprint for a global currency – yes really: In the eyes of the IMF at least, the best way to ensure the stability of the international monetary system (post crisis) is actually by launching a global currency. U.S. Trade Deficit Widens to $49.9 Billion in June: Stocks plunged after the report, extending a global slide, on growing concern the recovery worldwide was slowing as a report showed output in China cooled and the leader of the Bank of England said U.K. growth will be weaker than previously forecast. Study Looks at Tax Cut Lapse for Rich: Given the progressive nature of the federal income tax system, in which tax rates increase with income, even the richest households would continue to pay the four lower rates on up to the first $250,000 of their income, under the approach being pushed by Mr. Obama and Democratic leaders in Congress Company job openings drop for 2nd straight month: Company job openings fell for the second straight month in June, a sign that hiring isn't likely to pick up in the coming months. Californians' income falls for first time since WWII: California's decline was a third more than the national 1.8 percent personal income drop, reflecting the relative intensity of the state's recession. For Section 8 WAITING LIST, Fights Break Out (VIDEO): Officials now estimate that a crowd of 30,000 turned out, three times what they had originally anticipated. Some in attendance may have been accompanying actual applicants even if they were not applying themselves. 13,000 applications were handed out. Wells Fargo Must Pay Consumers $203 Million in Overdraft Case: A judge ordered Wells Fargo & Co. to stop manipulating debit-card transactions without consumers’ knowledge to increase revenue from overdraft fees while ruling the bank should pay about $203 million to customers because of the practice. |
Friday, 13 August 2010
By Mike Whitney
The economy is on the rocks and another round of quantitative easing won't help. The Obama administration will have to toughen up and push through another fiscal stimulus program. It's the only way.Continue
By Keith R. McCullough
According to economists Carmen Reinhart & Ken Rogoff, whose views we share, crossing the 90% debt/GDP threshold is the equivalent of crossing the proverbial Rubicon of economic growth. It's a point from which it's almost impossible to return. Continue
By Paul Craig Roberts
If Marx and Lenin were alive today, the extraordinary greed with which Wall Street has infected capitalism would provide Marx and Lenin with a better case than they had in the 19th and early 20th centuries.Continue
By Joshua Green
The number of people receiving food stamps stands at a record 41 million, or one out of every eight Americans. Driven by the downturn, that number has risen every month for the past 18 months. Last year alone, it grew by 20 percent. It's grown by 50 percent since the recession began. Continue
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