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"The enemy is anybody who's going to get you killed, no matter which side he's on" -- Joseph Heller
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 How the Banksters are Making a Killing Off the Bailout
Pam Martens via fleet, Tuesday, Oct 21 2008, 9:26am
In 1897, when 8-year old Virginia O’Hanlon posed her Santa Claus query to the New York Sun, she received a heart-warming editorial response reassuring her that “He exists as certainly as love and generosity and devotion exist….” Today, we hand our 8 year olds a $13 trillion national debt while our Congress hands Wall Street banksters the national purse without so much as a hearing to determine the cause of the debt collapse. Worse still, the money is doled out to the very same individuals who leveraged their institutions to casino status.
international /
injustice/law /
other press
Criminals at the top: It’s high time for accountability
finn, Tuesday, Oct 21 2008, 1:44am
In view of recent socio-economic and political history the title hardly requires elaboration. Nevertheless, prior to stating the obvious I would recount an experience from my student years.
During the course of a lively tutorial debate, someone stated, ‘it’s obvious’ – and ‘it’ was! However, the rigours of uni demanded proof, supporting evidence and references. I will never forget the response from the astute but unorthodox student; “to prove the ‘sky is blue’ is difficult, as it requires the challenger/sceptic to undertake certain actions to satisfy the challenge of ‘furnishing’ proof. In this instance I would simply ask the sceptic to lift his chin and take a good bloody look out the window at the blue sky!” The point being the onus is shared! (story and 1 comment)
Last Commented Tuesday, Oct 21 2008, 9:36am
international /
social/political /
opinion/analysis
"Armageddon" Prices Fail to Lure Buyers Amid Selling
Pierre Paulden and Caroline Salas via reed, Monday, Oct 20 2008, 11:07pm
Oct. 17 (Bloomberg) -- Credit markets have fallen so far that they are providing a "once in a lifetime opportunity,'' and investors are still selling. Prices of loans rated below investment grade declined to a record low 66.1 cents on the dollar, virtually guaranteeing investors get their money back, based on historical recovery rates, according to data compiled by Standard & Poor's. Yields on corporate bonds show investors expect 5.6 percent of the market to go bust, the highest default rate since the Great Depression, according to Christopher Garman, chief executive officer of debt research firm Garman Research LLC in Orinda, California.
international /
miscellaneous /
other press
  Freedom from the Known
Jiddu Krishnamurti via sadh, Monday, Oct 20 2008, 10:03am
FEAR, PLEASURE, SORROW, thought and violence are all interrelated. Most of us take pleasure in violence, in disliking somebody, hating a particular race or group of people, having antagonistic feelings towards others. But in a state of mind in which all violence has come to an end there is a joy which is very different from the pleasure of violence with its conflicts, hatreds and fears. (story and 1 image and 3 attached files)
international /
personal development /
literature
A journey into Taliban-controlled Afghanistan
Nir Rosen via krill, Monday, Oct 20 2008, 1:39am
"The Russians were stronger than the Americans, more fierce. We will put the Americans in their graves."
international /
imperialism /
other press
One stable; two horse race
yarra, Sunday, Oct 19 2008, 10:40pm
As mindless Americans obsess over the STAGED race for the presidency they tend to overlook the simple fact that a two party system that requires hundreds of millions of dollars to function is the farthest thing from democratic process imaginable! A definition may be required for the Paris Hiltons of this world: DEMOCRACY is simply MAJORITY RULE via representative government – I lament the number of times this simple definition must be repeated! (story and 1 comment and 2 images)
Last Commented Monday, Oct 20 2008, 9:17pm
international /
social/political /
commentary
Maybe U.S. needs yard sale
Eric Margolis via reed, Sunday, Oct 19 2008, 1:16am
At the end of Second World War the British Empire still ruled nearly a quarter of the globe. But the war bankrupted Britain. Its once mighty empire quickly collapsed and the United States inherited much of the British Imperium. Six decades later the United States is close to bankruptcy thanks to a national orgy of borrowing, the replacement of manufacturing by financial manipulation, ruinous foreign wars and a government whose stunning incompetence and arrant stupidity was exceeded only by its reckless imperial arrogance.
international /
imperialism /
other press
Pauslon proves to be bigger idiot than Bush
peptide, Saturday, Oct 18 2008, 11:41am
Is anyone really surprised? It is now clear that Treasury Secretary, Henry Paulson, has no idea how to stabilise the American economy, let alone revive it. In a matter of weeks he has gone from FAILED plans A, B then ‘XYZeee,’ with the result that he now makes Bush look intelligent! (story and 1 comment and 1 image)
Last Commented Saturday, Oct 18 2008, 12:08pm
international /
social/political /
commentary
US Banks Reap Whirlwind of Govt Spending
Adrianne Appel via rialator, Friday, Oct 17 2008, 7:35am
BOSTON, Oct 17 (IPS) - The George W. Bush administration handed 125 billion dollars to nine of Wall Street's richest banks, but this will do little to help the economy that is crumbling around ordinary U.S. citizens, independent experts and activists say.
international /
social/political /
other press
The Disease and the Cure
Kingfisher, Thursday, Oct 16 2008, 12:52am
The first signs of alarm and panic from filthy rich elites have begun to reach the public via the mass media – how such material slipped through editorial vetting is not known but what is known is that Rupert and his fellow media moguls are not happy. (story and 5 comments and 1 image)
Last Commented Monday, Oct 20 2008, 9:39pm
international /
social/political /
opinion/analysis
Does the bailout pass the smell test?
Paul Craig Roberts via rialator, Wednesday, Oct 15 2008, 7:47am
The explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent. (story and 2 images)
international /
social/political /
other press
From a sniper’s journal
quin, Tuesday, Oct 14 2008, 1:53am
Training, skill, timing and DISCIPLINE are everything in our trade; we shoot to kill! You live because we allow it, our skill overrides all other arguments and considerations! No one is able to adequately defend against a professional – are you listening Mr ‘Cheney?’ (story and 2 images)
international /
social/political /
commentary
A $516 trillion derivatives 'time-bomb'
Margareta Pagano and Simon Evans via krill, Sunday, Oct 12 2008, 8:40am
The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world's output: it's been called the "ticking time-bomb". It's a market in which the lead protagonists – typically aggressive, highly educated, and now wealthy young men – have flourished in the derivatives boom. But it's a market that is set to come to a crashing halt – the Great Unwind has begun. (story and 1 comment)
Last Commented Monday, Oct 13 2008, 7:06am
international /
social/political /
other press
Henry Paulson, too many ‘solutions’ NO results!
budgie, Saturday, Oct 11 2008, 3:30am
So far the only skill Henry Paulson and his fellow Banker, Wall St., elites have demonstrated is their ability to completely dominate the clueless government of the USA; a government so dependent on criminal free marketeers that it continues to rob the public on their demand! (story and 2 comments and 1 image)
Last Commented Saturday, Oct 11 2008, 11:14am
international /
injustice/law /
commentary
'See how they run,' house of (derivative) cards ready to collapse!
nano, Friday, Oct 10 2008, 4:46am
From the absolute theocratic rule of Pharaohs through Rome’s military elites to the economic theorists of the modern era (Marx/Friedman) the failure of social groups and societies has less to do with flawed models than with ‘human frailty!’ Call it what you will but I prefer calling a spade a spade -- pig selfishness, greed and no regard for the less fortunate other. (story and 3 images)
international /
social/political /
commentary
Market mayhem: that Old Black Magic ‘bailout’
yarra, Monday, Oct 6 2008, 8:21pm
The world’s leading, independent economists all stated it wouldn’t and couldn’t work -- what, the sheeple bleat? The very fast-tracked Paulson ‘bailout’ (for his fat cat mates!) But what of the poor sheeple screwed by rogues so perfectly? You were warned, COMPLACENCY comes at a PRICE, baa’aa! (story and 1 image)
international /
social/political /
opinion/analysis
Quote of the Century
finch, Sunday, Oct 5 2008, 11:26am
In an attempt to smear his rival Barack Obama, John McCain referred to a flimsy connection between Obama and Bill Ayers, a founding member of the weather underground. McCain’s now infamous quote given in a television interview was mentioned in a NYT article this week (link below): “How can you countenance someone [Ayers] who was engaged in bombings that could have or did kill innocent people?” Good point, John! (story and 1 image)
international /
social/political /
commentary
Betrayed by the Bailout: The Death of Democracy
William Cox via reed, Saturday, Oct 4 2008, 11:21pm
On this date, October 3, 2008, the American people were betrayed by those whom they had elected to represent them. The members of Congress who voted for the Wall Street "bailout" violated their oath of office to "support and defend the Constitution" ... "that I will bear true faith and allegiance to the same" ... "and that I will well and faithfully discharge the duties of the office on which I am about to enter: ..." (story and 1 comment)
Last Commented Saturday, Oct 4 2008, 11:34pm
international /
social/political /
other press
Common denominator: 9/11 and the Bush Doctrine
quill, Saturday, Oct 4 2008, 10:52pm
Every branding, advertising and marketing trick in the book is employed by American neo-conservatives in their manic pursuit of world domination. Political destabilisation and promoting constant war are two well-known methods that Washington criminals employ. However, we should never forget that the first attack must necessarily be on language! (story and 1 attached file)
international /
social/political /
other press
Woman, 90, Shoots Self Inside Foreclosed Home
dingo, Saturday, Oct 4 2008, 12:29am
We have all been trained to ‘internalise’ social problems; however, in the OVERWHELMING majority of cases it is our RULERS/LEADERS that are at FAULT! For those who missed it previously we quote the following: “the fact the government prefers to bailout the criminal bankers and not the people gives license to the people to DEFAULT ON ALL LOANS IN PROTEST OF A CORRUPT, CRIMINAL AND INCOMPETENT GOVERNMENT that has lined its own pockets at the expense of the people and the nation!”
international /
injustice/law /
other press
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