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| "The price of ignorance is slavery"
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"Religion is a social disease; read history and think about cures." -- Anon
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 Failing banks, toxic bonds and mortgage laundering
Mike Whitney via rialator, Monday, Sep 17 2007, 8:03pm
“The entire global financial structure is becoming uncontrollable in crucial ways that its nominal leaders never expected, and instability is its hallmark. The scope and operation of international financial markets, their “architecture”, as establishment experts describe it, has evolved haphazardly and its regulation is inefficient — indeed, almost nonexistent. Banks do not understand the chain of exposure and who owns what: senior financial regulators and bankers now admit this.” Gabriel Kolko “An Economy of Buccaneers and Fantacists” (story and 1 comment and 1 image)
Last Commented Tuesday, Sep 18 2007, 10:46am
international /
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other press
 The Pig grunts: songs of war and avarice
peptide, Sunday, Sep 16 2007, 4:20pm
Not a lot has changed, has it? The excuse for launching the Crusades was to protect the ‘Holy Land’ from the heathen, the truth, however, was pillage and destruction of the Eastern Orthodox church, which rivalled Rome in influence and affluence. The Byzantine Empire was rich in gold but lacking in political cunning – and so it was crushed and plundered much to the joy of the Pope and the Catholic hierarchy of the time.
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Greenspan admits Iraq was about oil, as deaths put at 1.2m
Peter Beaumont and Joanna Walters via rialator, Saturday, Sep 15 2007, 9:54pm
The man once regarded as the world's most powerful banker has bluntly declared that the Iraq war was 'largely' about oil. Appointed by Ronald Reagan in 1987 and retired last year after serving four presidents, Alan Greenspan has been the leading Republican economist for a generation and his utterings instantly moved world markets. (story and 2 comments and 2 images)
Last Commented Saturday, Sep 15 2007, 11:08pm
international /
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other press
Washington ‘die-in’ Protest
nano, Saturday, Sep 15 2007, 12:16pm
WASHINGTON Sept 15 -- Thousands of American citizens demonstrated in opposition to the criminal war in Iraq and to assaults on the Constitution and Bill of Rights by marching along Pennsylvania Avenue and staging a ‘die-in’ on the lawn of the Capitol. Approximately 200 protesters were arrested for various ‘offences;’ however, the 25,000 protesters made their point that the most heinous OFFENCE is the murder of one million innocent civilians in Iraq! (story and 1 comment and 1 image)
Last Commented Saturday, Sep 15 2007, 9:20pm
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The New Evil Empire: Google displaces Microsoft
Kismo, Friday, Sep 14 2007, 1:55pm
In today’s digital world of networking and information access, corporate interests that are able to control and manage the flow of information place themselves in immensely powerful positions – far more powerful than any State, government or traditional Corporation. Since its introduction – only two decades ago – the Internet has become an indispensable feature of our lives. In fact, if the plug was pulled on the net the world as we know it would come to a standstill, such is the importance of the flow of information today. (story and 3 comments and 1 image)
Last Commented Monday, Sep 17 2007, 1:57pm
international /
imperialism /
opinion/analysis
The Distinguishing Ability
finch, Thursday, Sep 13 2007, 11:35pm
We have been (erroneously) taught by science that the ability to use tools defines humans as distinct from the beasts of the field – a typically conservative scientific view! However, in its arrogance science has failed to do its research, it is now known that some birds and lower primates utilise objects as tools. Confined by its self-imposed empirical prison science has failed to see the ‘nose on its human face.’ What actually distinguishes man from the beasts (and blockhead empiricists) is ART! YES, the intuitive response and the impulse to create define the human species. (story and 1 comment and 3 images)
Last Commented Sunday, Sep 16 2007, 12:40pm
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opinion/analysis
Why tolerate a Farce?
major mitchell, Thursday, Sep 13 2007, 12:52pm
It is no secret that Bush stopped over in Iraq on his way to the APEC summit in Australia to ENSURE that Gen. David Petraeus supplied a positive report to Congress. I do not wish to draw too much attention to the fact that this administration leapt into Iraq without a proper plan or an understanding of the consequences. Statements to the effect that the Iraqi people would welcome foreign invaders with open arms or invaders would be welcomed with “bouquets of flowers” typify the insanity and dissociation of the Bush regime. It is little wonder that the then Secretary of Defence, Donald Rumsfeld, briefed the President that the war had been won in three weeks, “mission accomplished,” when in fact it hadn’t even begun! Nonetheless, in clear view of past monumental failures, today we are expected to disregard the greatest political folly/debacle of the century and take Bush and Patraeus at their shabby word – well, tell it to your grandmother because no one believes it any more! (story and 2 images)
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It’s 9/11 – it’s SLOGAN Time: leave your minds at the door!
abacus, Monday, Sep 10 2007, 8:58pm
Americans love a slogan and what better slogan to typify our times than Rumsfeld’s, now infamous “shock and awe!” Please note we do not attribute authorship of that slogan to him; the lunacies that issued from his mouth were many and varied. However, on the anniversary of 9/11 we are all reminded of the power of slogans and the events associated with them! (story and 1 image)
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Hard Reality
nano, Monday, Sep 10 2007, 1:57pm
As America continues to sink deeper and deeper into a military and economic quagmire of its own making (who needs enemies?) Most Americans continue to prefer denial to the incriminating reality of one million dead civilians (John Hopkins study) and a failed intervention in Iraq. However, reality poses no problems for winners, the competition is purring along as America, paralysed by its own fear and timidity, continues to pursue incompetent government and the consequences that pursuit entails.
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opinion/analysis
The Great Divide: not an Oz geographic feature!
Kwang zi, Sunday, Sep 9 2007, 12:57pm
Most Australians are familiar with the Great Dividing Range, erroneously referred to as the mountains, which run north-south along the East Coast. As of this week Australia has become a divided, authoritarian police state, with no discernible checks or balances whatsoever. Legislators simply pen new laws as required by conservative governments and authoritarian Premiers and centuries of democratic freedoms are lost! The tight ideological relationship between conservative Prime Ministers (John Howard) and State Premiers (Morris ‘il Duce’ Iemma) is now plain to see as is the slow death of traditional Australia and its unique character and culture. (story and 2 images)
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APEC Chess, your move!
Captain, Saturday, Sep 8 2007, 4:40pm
As is usual in political summits it is that which remains unsaid that delivers the ‘loudest’ message. The absurdity of it all is verified by the FACT that we live in absurd times! Ignoring the usual dull business deals of uranium, gas, various other resource sales and especially the ridiculous pretence of ecological concern sold to the public as “aspirational” pollution reduction goals (bunk) we couldn’t help but notice, with some mirth, new ‘temperate’ war strategies occurring among the superpowers. (story and 1 comment and 2 images)
Last Commented Sunday, Sep 9 2007, 12:10am
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commentary
APEC: Sydney’s message to the World, “STOP BUSH!”
Kingfisher, Friday, Sep 7 2007, 1:38pm
Sydney has sent a clear and hopeful message to the world during the APEC summit. Today, amid unprecedented police presence (oppression) and draconian tactics, usually characteristic of dictatorships, the people of AUSTRALIA demonstrated in steel-fenced Sydney and made known their sentiments regarding war crimes and terrorist States. The peaceful “STOP BUSH” march in Sydney has shamed the police state tactics of John Howard’s conservatives and Premier Iemma’s fascist ‘blue shirts.‘ (story and 2 images)
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Only in Australia: APEC ‘security’ easily breached
barra, Thursday, Sep 6 2007, 12:57pm
Following the embarrassing oversight of NOT securing the foyer of the InterContinental Hotel during Bush’s arrival – two unauthorised civilians were found to be in immediate proximity to Bush as he entered the Hotel – came the very bold, extremely brazen, larrikin demonstration of how easily two hundred million dollar security arrangements could be breached. (story and 3 images)
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Phase III of Bush's War
Pat Buchanan via rialator, Wednesday, Sep 5 2007, 11:43am
If you ever doubted the destructive and paralysing power of DISUNITY, read on! For the want of a modicum of commitment a world was plunged into chaos and conflict. This message is not for our 'leaders' it is for the people who are able to override any government on the planet if they so wish!
None of us need to learn that principles of harmony, peace and UNITY offer our only chance for survival on this planet. The brutish logic of beasts, 'might is right,' would result in annihilation in today's world. If you doubt it remain divided, powerless and alienated and watch social conditions continue to deteriorate worldwide!
We are One or we are nothing! [Ed.]
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Farcical Democracy in Howard’s Australia
fish, Tuesday, Sep 4 2007, 5:41pm
Something is drastically wrong with Australia! The arrival last night of President Bush’s travelling circus in Sydney for the APEC leaders summit aptly demonstrated that ‘anti-terrorist’ laws introduced by the Howard government are being utilised against local populations – some have argued the draconian ‘new sweeping terrorist laws’ were originally intended for precisely that purpose! (story and 1 image)
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The dickhead and his whore have landed
finch, Monday, Sep 3 2007, 11:53pm
One look at the opulence and extravagance of Bush and his war whore companion Condoleezza Rice arriving in Sydney in a fleet of 747s while the NZ Prime Minister and other APEC leaders arrive by commercial airliners removes all doubts regarding whether or not two hundred million (plus) of taxpayer’s dollars has been well spent. One is sickened by Bush’s extravagance and waste, not to mention the carbon footprint of the world's biggest waste maker and polluter! (story and 1 comment and 1 image)
Last Commented Tuesday, Sep 4 2007, 12:30am
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Pets, Twats and Fallacies
Captain, Monday, Sep 3 2007, 1:53am
The pet section of this paper deals with my dog called “dog” my cat called “cat” and my pet budgie called “Frederick the Great,” so ends the pet section! The twat section could go on forever as female anatomy has always fascinated me but space limits my discourse to ‘how sweet it could be,’ so ends the twat section. The fallacy section is extremely popular these days in fact the world is running on fallacies; never before have so many people tolerated so much bullshit! (story and 3 comments and 1 image)
Last Commented Monday, Sep 3 2007, 12:56pm
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news report
"So much damage has been done"
P.M. Carpenter via reed, Sunday, Sep 2 2007, 10:47pm
Compared to all the truly gargantuan troubles brought down on us by the Bush administration -- two incomprehensibly executed wars; a hopelessly broken military; fiscal policies that make the subprime industry look thoughtful; the utterly unaddressed baby-boomer boomerang; a string of constitutional and other crises -- this is a relatively minor story. Yet it lays bare, in microcosmic form, the Bushies' macrocosmic traits: favoritism, incompetence, bullying, buck-passing, malfeasance, negligence, blindness, stubbornness, recklessness, deceit, distortion, laissez-faire lassitude and free-market fundamentalism. In short, boneheaded madness.
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The Next Quagmire
Chris Hedges via rialator, Sunday, Sep 2 2007, 10:18pm
The most effective diplomats, like the most effective intelligence officers and foreign correspondents, possess empathy. They have the intellectual, cultural and linguistic literacy to get inside the heads of those they must analyze or cover. They know the vast array of historical, religious, economic and cultural antecedents that go into making up decisions and reactions. And because of this—endowed with the ability to communicate and more able to find ways of resolving conflicts through diplomacy—they are less prone to blunders. (story and 1 image)
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America continues to bully Oz into weapons purchases
dingo, Sunday, Sep 2 2007, 11:57am
The industrial military complex of the USA MUST purge itself of redundant weaponry, as it produces increased amounts of newer systems. Who better to dump outmoded stock onto than the lackey, subservient nation of Australia? The combination of U.S. slave Prime Minister John Howard and Defence Minister, Brendan ‘studs’ Nelson, offers no resistance to American dictates whatsoever. (story and 1 comment and 1 image)
Last Commented Sunday, Sep 2 2007, 6:48pm
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