Wednesday, 8 September 2010


Don't rule out attack on Iran, Blair says

By David Edwards and Daniel Tencer

Vice-President Dick Cheney's vision of completely redrawing the map of the Middle East following the 9/11 attacks is "not stupid," and is "possible over time," former British Prime Minister Tony Blair says.Continue



By Humberto

Lady Manningham-Buller, Director General of the UK Security Service from 2002 until 2007, told the investigators that Mr Blair's fears over Saddam arming terrorists were a mere "hypothetical theory", and certainly "not a concern in the short term or medium term to my colleagues or myself" — the information available was simply not "substantial enough". Continue


By Mike Whitney

The EU banking system is in big trouble. That's why European Central Bank (ECB) head Jean-Claude Trichet continues to purchase government bonds and provide "unlimited funds" for underwater banks. It's an effort to prevent a financial system meltdown that could plunge the eurozone back into recession.Continue



By Michael Hudson

Why bail out Wall Street – and not the quarter of U.S. homeowners unfortunate enough also to suffer “negative equity” but not qualify for the help that the officials they elect gave to Wall Street’s winners by enabling Bear Stearns, A.I.G., Countrywide Financial and other gamblers to pay their bad debts?Continue


French unions hold pensions strike: Workers stage strikes and nationwide protests over Sarkozy's overhaul plans, disrupting public transport and services.

The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street

Pre-existing health condition insurance premium too expensive for many: Of the estimated 4 million Americans eligible for the program, only about 2,000 had applied as of Aug. 1

Obama to introduce $200 billion business tax cut: In another move aimed at stabilizing the still-shaky economy, President Barack Obama on Wednesday will introduce a new $200 billion tax cut giving businesses across the country an incentive to buy new equipment in the short term, according to a senior administration official.

The Ten American Industries Which Will Never Recover: Here is the list of the ten jobs categories that will not recover based on 24/7 Wall St. research:

Future hiring will mainly benefit the high-skilled: Professional fields with higher pay. Think lawyers, research scientists and software engineers. Lower-skill and lower-paying jobs, like home health care aides and store clerks. And those in between? Their outlook is bleaker. Economists foresee fewer moderately paid factory supervisors, postal workers and office administrators.