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At least 19 Iraqis were killed and 34 more were wounded in the latest violence. The DoD reported the death of a U.S. soldier in an non-combat vehicular accident as well. Meanwhile, the Interior Ministry said they were ready to handle security should U.S. forces withdraw.
We expect rationality in a marketplace driven by panicky irrationality.
What’s clear from the behavior of European financial markets over the past two weeks is that the dramatic stories of financial meltdown and panic are deliberately being used by certain influential factions in and outside the EU to shape the future face of global banking in the wake of the US sub-prime and Asset-Backed Security (ABS) debacle.
The present crisis, which has its roots in the unsupervised expansion of credit in the United States, has spread from subprime mortgages and toxic securities, to the entire global financial system, where it has roiled equities markets and is now threatening to do incalculable damage to the US and European banking systems.
In the aftermath of Congressional approval of bailout legislation granting sweeping powers to the financial elite, the body politic appears to be helplessly mired in the relentless unfolding of classical fascism before its very eyes.
"Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders."
– The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s
Oct. 8 (Bloomberg) -- American International Group Inc., castigated by the White House, Congress and Barack Obama for hosting a $440,000 conference days after an $85 billion federal bailout, plans to hold another gathering for brokers next week.
The co-ordinated interest rate cut by global central banks followed another disastrous day of trading in Asia, in which the Nikkei fell more than nine-percent, and the Indonesian stock exchange was suspended indefinitely.
BNP Paribas SA will take control of Fortis's units in Belgium and Luxembourg after government efforts to ensure the company's stability failed, while Germany's government and financial institutions agreed on a 50 billion euro ($68 billion) rescue package for Hypo Real Estate Holding AG. U.K. Chancellor of the Exchequer Alistair Darling said Britain is ``ready to do whatever it takes'' to help its banks.
The world’s central bankers are gathering this week at the IMF-World Bank conference in Washington DC and are expected to grease the skids for the creation of a machinery of world economic governance under the pretext of preventing a repeat of the financial crisis, a global economic policeman to patrol a de-facto financial dictatorship.
The stock market has lost nearly a third of it's value since it's peak (14093). In the past week the DJIA has had it two worst daily downswings ever. Since Oct.1st, the market has dropped 1383 points (and counting as of 10/07/08) from 10831 to 9447. While the overall crash from the peak has happened more slowly than in 1929, the loss of value has been of a greater percentage than what took place in the initial days of that historic collapse.
His campaign has been hammering away at Barack Obama for days over his relationship with former 1960s radical William Ayres, but John McCain has some past radical connections of his own.
WASHINGTON - GOP presidential nominee John McCain has past connections to a private group that supplied aid to guerrillas seeking to overthrow the leftist government of Nicaragua in the Iran-Contra affair.
On Wednesday, October 8, your intrepid diarist stood in line with McCain supporters in Bethlehem, PA. While they were waiting in line to see Sen. McCain and Gov. Palin, they threatened protesters, called Obama a terrorist and repeatedly told the protesters to go home.
National security and environmental law went head-to-head today at the Supreme Court when a government lawyer argued the U.S. Navy's use of sonar for antisubmarine-warfare training is critical for national defense, while environmentalists claimed the practice causes irreparable damage to marine mammals.
Marc Chung sends in a very interesting tidbit of information covering Arizona bill HCR 2034: ”
abolish federal government; state sovereignty”. More specifically the bill covers the situation in which the US government declares marshal law then Arizona will join with 34 or more (majority) of states and declare their own independence from the Union
Stun gun manufacturer rolls out devices that promise to “drop everyone in a given area to the ground”
Darpa, the Pentagon's far-out research wing, is launching a new, classified effort to find enemies by the phone they use.
he argues that the Jews were never exiled from the Holy Land, that most of today’s Jews have no historical connection to the land called Israel and that the only political solution to the country’s conflict with the Palestinians is to abolish the Jewish state.
In an extraordinary and unprecedented ruling in a US District Court, Judge Ricardo Urbina has ruled that 17 wrongly imprisoned Chinese Muslims at Guantánamo must be allowed entry to the United States.
An invoice from the week-long getaway, a copy of which you'll find below, was obtained by the congressional panel that has been holding hearings this week about Wall Street collapses and executive excess. The late-September AIG gathering at the St. Regis Resort in Monarch Beach cost $443,343, according to the invoice.
CHICAGO, Illinois (CNN) -- Sheriff Thomas J. Dart said Wednesday he is suspending foreclosure evictions in Cook County, which had been on track to reach a record number of evictions, many because of mortgage foreclosures.
Amy Goodman interviews NorthCom Future Operations Chief, Col. Boatner, and editor of The Progressive magazine, Matthew Rothschild.
Whether you realize it or not, if you opposed -- and still oppose -- the monstrously immoral federal bailout bill passed and signed into law last week, you have cast your lot with Ron Paul.
In part one, ex-FBI employee Sibel Edmonds listened to wiretaps of Turkish agents in the USA, who were stealing American nuclear secrets and selling them on the black market.
Is it really necessary that we let Bush and Cheney destroy another innocent country before they pretend to leave the stage after Nov. 4?
Known for conducting fraudulent voter registration drives nationwide, the taxpayer-funded community group that Baracak Obama once worked for had its Nevada offices raided by state authorities after submitting forms with bogus names, including pro football players from another state.
Controversial guidelines, published Wednesday, extend the 'in loco parentis' responsibilities of teachers to monitoring whether their charges are developing extreme views and informing the authorities, including the police, where there are concerns.
George Bush has been the target of fresh jibes by Venezuelan leader Hugo Chavez for doing exactly what he was criticising the socialist leader for - overriding market laws to protect the economy.
``They thought they had been helpful on al-Qaeda, and they were,`` Hillary Mann Leverett, a former Bush administration official, told the Associated Press, adding that Tehran sought broader relations with Washington in the aftermath of the 9/11.
In 1773 a mob of American colonists famously dumped crates of tea belonging to the British East India Company into Boston harbor. It was a direct action by citizens against the tax regime of the British government, and just one of several incidents that ultimately led to the Revolutionary War.
I am quite confused and concerned as to what is going on in America. Things are moving very fast in a direction of more and more central government control, and we are talking real fast, under an administration that is scheduled to be out of power in January.
NEW ORLEANS - City officials have agreed to return hundreds of firearms that police officers confiscated in the aftermath of Hurricane Katrina, part of a deal to resolve a lawsuit filed by gun lobbying groups.
After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.
American intelligence officers are reporting that some of the insurgents in Iraq are using recent-model Beretta 92 pistols, with a twist:
"The crucial detail is the erasure of the serial numbers. The numbers do not appear to have been physically removed. Instead, the guns seem to have come off the production line without any serial numbers, or they could have been erased with high-tech industrial technology. The lack of serial numbers suggests that the weapons were intended for intelligence operations or terrorist cells with substantial government backing."
The Justice Department hasn't returned calls seeking elaboration on the charge, but former federal prosecutor Rasch says it appears prosecutors have invoked the Stored Communications Act to turn what would ordinarily be a misdemeanor into a felony.
WASHINGTON, October 8, 2008—Accuracy in Media announced today the launch of its new website, Boycott The New York Times (http://BoycottNYT.com). AIM, which has monitored The New York Times for nearly 40 years, is encouraging news consumers to boycott the most powerful media voice in America to protest its persistent leftist bias.
it is also troubling to see our economic system of free enterprise slipping away as the candidates of both major political parties propose more federal intervention, spending and debt as solutions to these problems.
While Ron Paul was officially running for President, mainstream media sources largely ignored him with the exception of the occasional jab at his beliefs–the economy isn’t that bad, they said. Government regulation hasn’t ruined anything, they told us. Ron Paul is crazy for believing such things, they wanted us to believe.
Every month Veterans for Common Sense posts a summary of the official battlefield casualty reports issued by the Department of Defense. VCS obtained these higher numbers from a Pentagon web site after sending the military a Freedom of Information Act request.
It takes half a million dollars per year to maintain each sergeant in combat in Iraq.
An important news item that flew under the radar for the most part last week was the assertion from former CIA operative turned whistleblower Robert Baer that Osama Bin Laden is long dead.
“From two very senior sources – one incredibly senior source – that he went to the gym after … Lehman was announced as going under. He was on a treadmill with a heart monitor on. Someone was in the corner, pumping iron and he walked over and he knocked him out cold. And frankly after having watched this, I’d have done the same too.”
KATMANDU, Nepal - Hindu and Buddhist priests chanted sacred hymns and cascaded flowers and grains of rice over a 3-year-old girl who was appointed a living goddess in Nepal on Tuesday.
This legislation will enhance our cooperation in using nuclear energy to power our economies; it will help us work together even more closely to reduce the danger of nuclear proliferation across the world.
New York - Fairness & Accuracy In Reporting (FAIR), the national media watchdog group, released a first-of-its-kind report today profiling 12 of the leading Islamophobic pundits and media figures and examining the ways they've negatively influenced media coverage in the U.S.
Our gangster government, owned in reality by corporations, uses tax payer resources to subvert countries all over the world.
The world's most notorious rogue trader today said it was 'foolish' to trust governments and central banks to solve the global credit crunch.
September 2008: This photo of Governor Sarah Palin was widely distributed across the Internet shortly after Palin was announced as the vice presidential nominee for the Republican ticket. Shortly after its release the photo was revealed to be a composite of Palin's head, and somebody else's body.
Police kicked protester Benjamin Harms off Belmont University campus this week before the presidential debate for the crime of "trespassing" as hundreds of mindless Obama supporters cheered the outright violation of free speech.
Wikileaks has obtained the "Petraeus doctrine" the military didn't want to show you.
Ten months before the September 11, 2001 terrorist attacks, Secretary of Defense Donald Rumsfeld approved an updated version of the U.S. Army's secret operational Continuity of Government (COG) plans.
The Federal Reserve said it will bypass ailing banks and lend directly to American corporations for the first time since the Great Depression, and it hinted strongly at further interest-rate cuts -- a cocktail of unconventional and conventional remedies for an economy whose prognosis is deteriorating rapidly.
As we watch the result of our western banking system of credit bring us to our kness, one must wonder what the motivation behind the behaviour of the thai police was yesterday when they hurled grenades into a 30,000 crowd strong crowd, in theory to assist in dispersing them.
ZEITGEIST
Zeitgeist: Addendum
The Venus Project presents a bold, new direction for humanity that entails nothing less than the total redesign of our culture.