Wednesday, 30 May 2012

World Scrambles to Prepare for Collapse of the Eurozone

'Policymakers and firms across Europe are making preparations to cope with a break-up of the single currency, with the president of the Swiss central bank yesterday becoming the latest senior figure to admit to contingency plans for a "collapse" of the eurozone.

"We must be prepared just in case the currency union collapses, although I don't expect that to happen," said Swiss National Bank boss Thomas Jordan. He added that his objective would be to prevent funds flooding into the safe haven of the Swiss franc, which could damage his country's export sector.'

Read more: World Scrambles to Prepare for Collapse of the Eurozone


 

IMF Chief: It’s 'Payback Time' for Greek Workers

'In an interview with the British Guardian newspaper published Friday, the head of the International Monetary Fund (IMF), Christine Lagarde, vented her class hatred for the workers of Greece, denouncing them as tax scofflaws and ruling out any respite from the austerity measures that have devastated the country.'

Read more: IMF Chief: It’s 'Payback Time' for Greek Workers

 

The Irish Slave Trade – The Forgotten 'White' Slaves

'They came as slaves; vast human cargo transported on tall British ships bound for the Americas. They were shipped by the hundreds of thousands and included men, women, and even the youngest of children.

Whenever they rebelled or even disobeyed an order, they were punished in the harshest ways. Slave owners would hang their human property by their hands and set their hands or feet on fire as one form of punishment. They were burned alive and had their heads placed on pikes in the marketplace as a warning to other captives.

We don’t really need to go through all of the gory details, do we? After all, we know all too well the atrocities of the African slave trade. But, are we talking about African slavery? King James II and Charles I led a continued effort to enslave the Irish. Britain’s famed Oliver Cromwell furthered this practice of dehumanizing one’s next door neighbor.'

Read more: The Irish Slave Trade – The Forgotten 'White' Slaves


Senate Approves Alliance of Government and Drug Corporations

'The US Senate gave their approval to the Food and Drug Administration (FDA), in conjunction with certain pharmaceutical corporations, for a $6.4 billion “agreement fee” in the new Food and Drug Administration Safety and Innovation Act, S. 3187 (FDASI).

Drug manufacturers like Eli Lily & Co, Pfizer Inc, AstraZeneca Plc, and Medtronic Inc will provide regulatory reviews of new medical treatments and healthcare devices. The FDASI extends through to 2017.

The FDASI allocates “use fees” to the FDA as payment for “safety and efficiency reviews”.'

Read more: Senate Approves Alliance of Government and Drug Corporations