Dienstag, 23. September 2008

Money Available to Save Financial Systems Never Seems Available to Save Eco-Systems



The $700 Billion Questions

David Sirota, In These Times: "If a museum in the next superpower nation ever commemorates the decline of the last great superpower, it will make the two-and-a-half page bill introduced this week the center of the display. Just as they do today at the National Archives' Declaration of Independence exhibit, tourists in the future-perhaps in Beijing, perhaps somewhere else-will line up to see a framed draft of this week's White House legislation demanding Congress surrender its power of the purse, and give an unelected appointee-in this case, Treasury Secretary Henry Paulson-the power to hand over $700 billion of taxpayer money to 'any financial institution,' 'without limitation…on such terms and conditions as determined by [him].' In a nation priding itself on separating powers between the branches of government, the bill explicitly states that decisions by Paulson may not even 'be reviewed by any court of law or any administrative agency.'"


The Great Switch: Banks Rob People

Jim Crotty, Truthout: "The US government is on the verge of making an unprecedented financial commitment, likely to cost $700 billion, to buy the bad securities held by large US and foreign financial institutions. Having driven our economy to the edge of financial destruction, the Lords of Finance now want the public to put up the money needed to save them and their firms from collapse. Maybe men don't bite dogs, but banks do rob people."



Critics See Bailout as Massive Blank Check

Now Is the Time to Resist Wall Street's Shock Doctrine

Too Big to Fail and Too Small to Matter

GOP: Lose Your Home, Lose Your Vote

Global Priorities: Feeding Markets, Starving the Hungry

A US-NATO War In Pakistan? - An Anatomy of the Current Crisis

Bailout Plan Won't Be End of Wall Street Bailouts


Now Is the Time to Resist Wall Street's Shock Doctrine

By Naomi Klein

The best summary of how the right plans to use the economic crisis to push through their policy wish list comes from Former Republican House Speaker Newt Gingrich. On Sunday.


The 50 Richest Members of Congress

By Paul Singer, Jennifer Yachnin and Casey Hynes

Rranking of the 50 wealthiest Members of Congress based on the minimum net worth reported on their financial disclosure forms.



Before DC gets our money, it owes us some answer

The Corner
by Newt Gingrich


If this were a Democratic proposal, Republicans would remember that the Democrats wrote a grotesque housing bailout bill this summer that paid off their left-wing allies with taxpayer money, which despite its price tag of $300 billion has apparently failed as of last week, and could expect even more damage in this bill. But because this gigantic power shift to Washington and this avalanche of taxpayer money is being proposed by a Republican administration, the normal conservative voices have been silent or confused. It’s time to end the silence and clear up the confusion. Congress has an obligation to protect the taxpayer. Congress has an obligation to limit the executive branch to the rule of law. Congress has an obligation to perform oversight...


Informant: Thomas L. Knapp


$13 Billion Wasted, Stolen in Iraq


Detainees' Rights Subverted at Guantanamo, Their Lawyers Say

Huma Yusuf, The Christian Science Monitor: "On July 18, Ahmed Zaid Zuhair, a detainee in Camp 6 of the US Naval Station at Guantanamo Bay, wrote to his legal team in the US, terminating all written communication. He claimed that two guards had harassed him the previous night: one threatening to kill him and quarter his body; the other threatening to cut off his ears and nose. One guard then read through his legal correspondence, confiscating several documents."



Conyers Demands Answers in Justice's Oil Decision

Marisa Taylor and Greg Gordon, McClatchy Newspapers: "The chairman of the House Judiciary Committee demanded Tuesday that the attorney general provide an 'immediate explanation' for a Justice Department decision that could have cost taxpayers up to $40 million in royalties from a major oil company. In a letter to Attorney General Michael Mukasey, Conyers said charges that politics might have played a part in a decision favoring a major oil company 'must be taken seriously and thoroughly investigated.' Conyers said he wanted to question the officials involved in the case and that he sought access to all related records."



Streben nach Sicherheit darf laut Köhler nicht die Freiheit kosten

Vor dem Hintergrund der so genannten "Terrorbekämpfung" hat Bundespräsident Horst Köhler vor zu scharfen Eingriffen in die Grundrechte gewarnt. "Unser Streben nach Sicherheit darf uns nicht die Freiheit kosten", sagte das Staatsoberhaupt am Dienstag (23. September) in Erfurt auf dem 67. Deutschen Juristentag. Wenn man sich auf die Stufe der Terroristen hinab begäbe, beschädigte das nicht nur die Verfassung, "sondern auch unser Seelenheil", sagte Köhler. Der Bundespräsident bezeichnete es als eine unumstößliche Grunderkenntnis aus dem Unrecht beider Diktaturen auf deutschem Boden, dass die Würde des Menschen unantastbar sei. Sie zu achten und zu schützen sei Verpflichtung aller staatlichen Gewalt.


Stop Paulson's Plunder



Application for mobile phone mast refused

Gloucestershire Gazette - Dursley, England, UK

By Ali Dent

PLANS for a controversial phone mast on a busy school route have been cut off amid fears it could have caused a fatal accident. Mobile company ...



Lobbyismus und Journalisten: Geschäft mit Halbwahrheiten

"Speichelleckend" werfen sich Journalisten an Lobbyisten heran, um so bequem an Informationen zu kommen. Das war nicht die einzige Kritik auf einer Tagung des Netzwerks Recherche. Artikel von Sebastian Heiser in der Taz vom 22.09.2008 //www.taz.de/1/leben/medien/artikel/1/geschaeft-mit-halbwahrheiten/

Aus dem Text: „…PR-Berater und Berufsprovokateur Klaus Kocks beschrieb das Problem wie folgt: "Wir können gar nicht so viele Geschichten erfinden, wie ihr von uns haben wollt." Es sei "ekelhaft, wie speichelleckend sich Journalisten an Lobbyisten heranschmeißen, um so an Informationen zu kommen und bloß nicht selbst recherchieren zu müssen." Auch Leif monierte die "Bequemlichkeit vieler Journalisten". So kommt es dann zu dem von ihm kritisierten vermeintlich "perfekten Deal für beide Seiten: Journalisten bekommen in kurzer Zeit die sehr gut aufbereiteten Informationen, die sie brauchen. Und Lobbyisten können dafür die gewünschte Geschichte mit der gewünschten Zielrichtung unterbringen."…“

Aus: LabourNet, 23. September 2008


The City of Athens tore down five illegal mobile phone masts

Kathimerini - Athens, Greece

The City of Athens tore down five illegal mobile phone masts yesterday. Four of the antennas had been placed on the roofs of apartment blocks and disguised as chimney stacks. Deputy Mayor Nikos Avramidis said the mobile phone companies had appealed against the move to remove the masts but were unsuccessful. The municipality plans to tear down another three mobile phone antennas tomorrow.


Default by the US government is no longer unthinkable

But September 2008 marks the moment when the scale of our excesses, the extent of our debts and the moral bankruptcy of our financial regulatory system finally began to be truly exposed.


Fury at $2.5bn Lehman bonus

STAFF at Lehman's New York office who helped to cause the world's biggest corporate bankruptcy are to share in a $2.5 billion bonanza.



Video and transcript

Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips.They explores the role that the crumbling financial sector played in the now-fragile American economy.


$1,000,000,000,000: The astonishing cost of US government's desperate bid to rid the economy of toxic debt

There are some members of Congress who are unhappy at the thought of the taxpayer taking on hundreds of billions of dollars of currently worthless debt. But the leader of the Democrats in the House of Representatives, Steney Hoyer, said he expected quick action


Treasury Seeks Asset-Buying Power Unchecked by Courts

"He's asking for a huge amount of power,'' said Nouriel Roubini, an economist at New York University. "He's saying, `Trust me, I'm going to do it right if you give me absolute control.' This is not a monarchy.'

Many economists skeptical of bailout

Many of the same economists and opinion-makers who'd provided a bipartisan sheen of consensus to Treasury Secretary Henry Paulson's previous moves have quickly begun casting doubts on the wisdom of a policy that would allow Treasury to purchase without oversight hundreds of billions of dollars of difficult-to-price assets from financial institutions.


From Information Clearing House


Bailout could boost inflation, sink dollar

Christian Science Monitor


A spike in the price of gold and oil was matched Monday by a fall in the US dollar and in stocks – all signs of unease as investors take a sober look at a mammoth government bailout of financial institutions. Two big questions are weighing on investors: First, will this bailout cost so much that it affects the creditworthiness of the US Treasury? Second, will the bailout succeed in calming credit chaos and restoring health to the banking system?


Paulson urges speed in Sovietization of US finance sector

Indianapolis Star


The Bush administration insisted Sunday that Congress must move quickly to approve what one lawmaker called the ‘mother of all bailouts’ — a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the nation’s credit markets. Congressional leaders endorsed the plan’s main thrust, saying passage might occur in a matter of days. But they said it must be expanded to include help for people on Main Street as well as the big Wall Street financial firms who have lost billions of dollars through their bad investment decisions...


The $700 billion questions

In These Times
by David Sirota


Just as they do today at the National Archives’ Declaration of Independence exhibit, tourists in the future … will line up to see a framed draft of this week’s White House legislation demanding Congress surrender its power of the purse, and give an unelected appointee (in this case, Treasury Secretary Henry Paulson) the power to hand over $700 billion of taxpayer money to ‘any financial institution’ … ‘without limitation … on such terms and conditions as determined by [him].’ In a nation priding itself on separating powers between the branches of government, the bill explicitly states that decisions by Paulson may not even ‘be reviewed by any court of law or any administrative agency.’” Whether the bill passes or not, the drafting of it — even the mere thinking of it — is the single most clear sign that all of the major tenets of American democracy are on the auction block these days...


Bailout threatens economy, shreds Constitution, rips off taxpayers

by Hans Bader


The stock market sank as the Bush Administration, not content with a $700 billion financial system bailout, capitulated to liberal demands that it be expanded to add more costly give-aways, like ‘a systematic approach for preventing foreclosure’ that would allow irresponsible borrowers to remain in their homes at taxpayer expense. It is so extreme that it is unconstitutional...


The American Empire: Too big to fail?

by Justin Raimondo


After the fall of the Soviet Union, the U.S. bestrode the earth like a colossus, America’s stock was rising, and the pride that goeth before a fall imbued our leaders with the illusion that they couldn’t fail. The American empire, they thought, is too big to fail. It’s the end of history — and the rest will just be a mopping-up operation, that will be well worth the costs. The failed policies that led to our current economic predicament — the whole system of central banking and fiat currency — are precisely those policies that benefited those who are now demanding to be bailed out. They may have bankrupted the country, but you can be damned sure they aren’t going down with the rest of us, no sirree! This outrageous rip-off is mirrored in the foreign policy realm, where the very same crowd that dragged us waist-deep into the Middle Eastern quicksand are lecturing us from every podium...


Informant: Thomas L. Knapp


US generals planning for resource wars

The US military sees the next 30 to 40 years as involving a state of continuous war against ideologically-motivated terrorists and competing with Russia and China for natural resources and markets, writes Tom Clonan.


From Information Clearing House


US soldier accused of abusing and killing Iraqi

Military prosecutors accused a U.S. soldier Sunday of taking an Iraqi detainee to a remote desert location, stripping him naked, shooting him in the head and chest and then watching as another soldier set fire to the body with an incendiary grenade.


From Information Clearing House

Pakistan's Balkanization


American strategists favor fracturing and weakening the national unity of Islamic states that could become strongholds of Islamic militants. They want oil rich territories like Kurdistan, Eastern Arabian Peninsula and Balochistan carved out, unified and controlled by puppet regimes, while splintering other Muslim countries.



U.S. Orgy of Debt


America has reveled for two decades in an orgy of debt. The U.S. national debt is now twice its net worth. From Wall Street's "masters of the universe" financial powerhouses such as Goldman Sachs, Merrill Lynch, Lehman, and Morgan Stanley, to the humblest homeowners, America's national motto became "borrow to the hilt and bet."


For The Love Of Money

When Corporations Rule the World

By David C. Korten

Most everyone is aware that we live in an unequal world. Few realize, however, just how extreme the inequality has become or how fast the gap between the poor and the super rich is growing. Forbes tells us the world now has 358 billionaires. Their combined net worth exceeds the combined net worth of the world's poorest 2½ billion people. This is but one manifestation of the extreme economic and social distortions created by the globalized free market economy idealized by business publications such as Forbes and Business Week.


The New New Deal

We're Footing the Bill and Holding the Bag

By Mike Rivage-Seul

Presently (following the Great Crash of 2008), we're in the midst of yet another reshuffling and redistribution of cards - another New Deal. But whereas 30s version shifted money from the haves to the have-nots, the re-run promises an income redistribution from the disappearing middle class to the super-rich. They're the gambling addicts who got us here in the first place.


A Note of Appreciation From the Rich

By Author Unknown

Society could be intelligently organized to meet the real needs of the general population. You and others like you could collectively fight to free yourselves from our domination. But you don't know that. In fact, you can't even imagine that another way of life is possible. And that's probably the greatest, most significant achievement of our system -- robbing you of your imagination, your creativity, your ability to think and act for yourself.



Appeals Court Orders Defense Department to Release Detainee Abuse Photos in ACLU Lawsuit



The Gloves Are Off in Pakistan



The Deadly Blast in Islamabad

Why was the Marriott Targeted?


Hellfire missiles, drones, special operation raids inside Pakistan and the resulting deaths of innocents have fuelled Pashtun nationalism. It is this spillage from the war in Afghanistan that is now destabilizing Pakistan.


Pakistan probes mystery of US Marines' steel boxes in Marriott

Pakistani authorities are trying to "solve the riddle" of US Marines and their mysterious steel cases that were shifted to the Marriott Hotel four days before it was razed in the worst terrorist attack in the federal capital, a media report on Tuesday said.


Pakistan blames US raids for hotel bombing

Pakistan President pleads with Bush to reverse policy as BA cancels all flights to country.


Pakistan Won't Tolerate Sovereignty Violations, PM Says

Pakistani Prime Minister Yousuf Raza Gilani Wednesday reiterated that his country wouldn't tolerate violations of its sovereignty after a series of strikes this month.


Officials: U.S. Drone Shot Down

Pakistani soldiers and tribesm en shot down a suspected U.S. military drone close to the Afghan border Tuesday night, three intelligence officials said.


'US drone crashes' in Pakistan

An unmanned drone aircraft has crashed in northwest Pakistan's South Waziristan region, according to Pakistan's military.


Pakistan: Taliban war now threatens to reach beyond tribal areas

The Taliban rebellion which has gripped Pakistan's North West Frontier Province bordering Afghanistan is gaining strength and threatening to escalate in other parts of the country.


From Information Clearing House


Die Federal Reserve: das neue Zentralkomitee

Ein sozialistischer Staat aus Bankern und Milliardären.


Wenn man den Skandal vor lauter Skandalen nicht mehr sieht

Von verspekulierten Abermillionen zu Ungunsten der Steuerzahler, vorgeführten Wahlversprechen und Hausdurchsuchungen bei Oppositionspolitikern.


Kampfdrohnen werden für Kampfeinsätze zentral

Für das Pentagon stellen Kampfdrohnen die "Speerspitze" von Angriffen dar.

Financial crisis: working people will pay


Informant: glparramatta


Loan Titans Paid McCain Adviser Nearly $2 Million

David D. Kirkpatrick and Charles Duhigg, The New York Times: "Senator John McCain's campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say."



Taxpayers, Congress Push Back Against Bailout

Matt Renner, Truthout: "Push back against the massive $700 billion Wall Street bailout proposal has come hard and fast from members of Congress on both sides of the aisle. The bailout plan proposed by the Bush administration would give the Treasury Department and Treasury Secretary Henry Paulson - a former Wall Street CEO himself - the power to buy up extremely risky mortgages and other dangerous debt using taxpayer dollars. Members of Congress point to a severe lack of oversight in the proposed Bush administration plan."



Senator Says Bailout Transfers Wealth Upward

The $700 Billion Wall Street Bailout: One More Weapon of Mass Deception

Growing Right-Wing Opposition to the Paulson Plan


Ungewisse Zukunft des Mobilfunks

Liechtensteiner Vaterland - Liechtenstein

Durch diesen Entscheid sind für die Mobilfunkanbieter die mittel- und langfristigen Rahmenbedingungen zur Erbringung ihrer Dienstleistungen verändert worden ...


The US election nightmare scenario



McCain: Big Oil and Tyranny



Can the Rescue Plan Fix the US Economy?


Your Bill for the Bailouts

Quo Vadis, America?


American Wars Through Revisionist Eyes

Cold War Revisionism

American Wars Through Revisionist Eyes

An Introduction to Revisionism: The New American History Wars


The Mugging of America






Internet attacks on 9/11 Truth intensify


Informant: shane_digital



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