Ted
Rall: Obama doesn’t talk like Bush; he just acts like him
---
http://www.sj-r.com/opinions/x1331535931/Ted-Rall-Obama-doesn-t-talk-like-Bush-he-just-acts-like-him
Must Read - Obama™ Update
-- A quote...."NEW YORK — You can’t blame Dick Cheney for being annoyed
at Barack Obama. Obama is closing Guantánamo. He’s ordering the
CIA to interrogate prisoners according to the rules written in the Army
Field Manual, which doesn’t allow torture. He’s even phasing out such
classic Bushian phrases as “enemy combatant” and “war on terror.” --
But the dark prince of neoconservatism should relax. Obama’s inaugural
address may have promised to “reject as false the choice between our
safety and our ideals,” but — in all the ways that matter — he’s
keeping all of Bush’s outrageous policies in place. Sure, he talks a
good game about “moving forward.” But nothing has really changed. From
reading your e-mails to asserting the right to assassinate American
citizens to bailing out companies whose executives pay themselves big
bonuses, Obama’s changes are nothing but toothless rhetoric." --
also posted at ICH
--- http://informationclearinghouse.info/article22286.htm
========== ========== ========== ========== ========== ==========
========== ====
Liquid
War - Postcard from Pipelineistan ---
http://www.tomdispatch.com/post/175050/pepe_escobar_welcome_to_pipelineistan
Must Read - A
quote...."What happens on the immense battlefield for the control of
Eurasia will provide the ultimate plot line in the tumultuous rush
towards a new, polycentric world order, also known as the New Great
Game. -- Our good ol' friend the nonsensical "Global War on Terror,"
which the Pentagon has slyly rebranded "the Long War," sports a far
more important, if half-hidden, twin -- a global energy war. I like to
think of it as the Liquid War, because its bloodstream is the pipelines
that crisscross the potential imperial battlefields of the planet. Put
another way, if its crucial embattled frontier these days is the
Caspian Basin, the whole of Eurasia is its chessboard. Think of it,
geographically, as Pipelineistan."
also posted at ICH
--- http://informationclearinghouse.info/article22292.htm
& CommonDreams
--- http://www.commondreams.org/view/2009/03/25-1
& CounterCurrents
--- http://www.countercurrents.org/escobar250309.htm
& AsiaTimes
--- http://www.atimes.com/atimes/Central_Asia/KC26Ag01.html
========== ========== ========== ========== ========== ==========
========== ====
Barack
Obama warns troops will be in Afghanistan for years -
Ahhh, not a suprise to anyone out there,
right? - mpg
---
http://www.theaustralian.news.com.au/story/0,25197,25239303-5013871,00.html
Obama™ Update -- A quote...."A quote....."BARACK Obama has warned the
war in Afghanistan will continue for years, vowing the free world must
not back down in the face of "vicious killers". --
Exactly which bunch of "vicious killers"
is Obama referring to? - mpg
========== ========== ========== ========== ========== ==========
========== ====
Awakening
Fighters Rally Against Maliki Govt ---
http://news.antiwar.com/2009/03/23/awakening-fighters-rally-against-maliki-govt/
---
Ditto? - mpg
A quote...."Members of Iraq’s Awakening Council rallied north of
Baghdad today, complaining that the Maliki government had reneged on
the promises of employment after being placed under direct Iraqi
control. The United States has transferred the vast majority of the
militia’s forces to the Iraqi government since October."
========== ========== ========== ========== ========== ==========
========== ====
Iran
says West must respect will of Afghan people ---
http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=2&article_id=100291
A quote...."TEHRAN: Iran's Foreign Minister Manouchehr Mottaki, ahead
of a March 31 conference on Afghanistan, said the West must respect the
will of the Afghan people, the official IRNA news agency reported on
Monday. Iran has been invited by the United States to attend the
conference in The Hague, but has not yet confirmed its participation."
========== ========== ========== ========== ========== ==========
========== ====
OSC:
Khamenei's Speech Replying to Obama ---
http://www.juancole.com/2009/03/osc-khameneis-speech-replying-to-obama.html
A quote...."The USG Open Source Center translates Supreme Leader Ali
Khamenei's response to the Persian New Year's message of US President
Barack Obama. For a canny reading of this text, see
the
blog posting of Iran expert Farideh Farhi.
---
http://icga.blogspot.com/2009/03/on-khameneis-response-to-obama.html
--- See my own first
impressions
in
my Sunday
---
http://www.juancole.com/2009/03/khamenei-adopts-wait-and-see-attitude.html
--- comments, as well as
Michael
Jensen's article in the Irish Times.
---
http://www.irishtimes.com/newspaper/world/2009/0323/1224243267383.html
========== ========== ========== ========== ========== ==========
========== ====
India
begins uphill journey with the SCO ---
http://www.atimes.com/atimes/South_Asia/KC25Df01.html
Special Note -
It could also be
titled....India Finally Comes to Her Senses, India STOPS Drinking the
Kool-Aid, India Avoids Becoming the US-NRE's Newest Appendage, etc.
etc. - mpg -- A quote...."A shift in India's approach to the
Shanghai Cooperation Organization (SCO) has become unavoidable as
Indian regional policy in Central Asia painstakingly works its way out
of a cul-de-sac. Tentative signs first appeared during the visit by
Russian President Dmitry Medvedev to Delhi last December and formed
part of a rethink against the backdrop of the transition of power in
Washington. -- "In a manner of speaking, Delhi began a slow, painful
process of edging away from the George W Bush era. A top Indian
official said over the weekend that it has become an "uphill task" for
Indian diplomacy to cope with US President Barack Obama's policy with
regard to Afghanistan."
========== ========== ========== ========== ========== ==========
========== ====
Czech
Government Falls ---
http://www.afterdowningstreet.org/node/41052
Special Note - The US-NRE's financial pox along with
it's policy of Empire has claimed
another unintended victim. The US-NRE's wealthy elites seem to do
that quite frequently to all those "other" elites they like to call
their "friends"- mpg -- A quote...."By Jan Tamas, Prague, Czech
Republic -- I am very happy to announce that the Czech government has
fallen. The Parliament voted the no-confidence. For us it is a great
victory: we knew that the only way to stop the installation of the US
radar base was the fall of the government and we worked for more than 2
years in this direction with permanence and coherence. -- A government
that represented the interests of the US military industry has fallen."
========== ========== ========== ========== ========== ==========
========== ====
Czech
Government Falls Over STAR Wars Rader
---
http://www.opednews.com/articles/CZECH-GOVERNMENT-FALLS-OVE-by-Bruce-K-Gagnon-090324-192.html
Related Article - A quote...."
The
Associated Press reports, ---
http://news.yahoo.com/s/ap/20090324/ap_on_re_eu/eu_czech_government_falls
--- "The lower house of Parliament voted
101-96 to declare no confidence in the three-party coalition
government, after four lawmakers broke rank with their parties and
voted with the opposition. "The government has struggled to
resolve deep divisions within Parliament over whether to allow
components of a U.S. missile defense shield on Czech territory, and
whether to adopt the EU reform treaty to streamline decision-making in
the bloc."
========== ========== ========== ========== ========== ==========
========== ====
Secret
doc exposes Georgia as aggressor ---
http://www.russiatoday.com/Politics/2009-03-23/Secret_doc_exposes_Georgia_as_aggressor.html
A quote...."The European Union commission on the war in South Ossetia
has received a document claiming that this summer's war in South
Ossetia was started by Georgia, says Germany’s Spiegel Online." --
also posted at WarInIraq
--- http://www.iraq-war.ru/article/192982
========== ========== ========== ========== ========== ==========
========== ====
Saakashvili
under Pressure from EU Probe ---
http://www.spiegel.de/international/world/0,1518,615160,00.html#ref=nlint
Related Article - A quote...."An EU enquiry investigating the events of
last summer's conflict between Russia and Georgia is shining an
unfavorable light on Mikheil Saakashvili. A secret document may prove
that the Georgian president had planned a war of aggression in South
Ossetia." --
For more on this
issue see....American
Selective Attention Deficit Disorder (ASADD) - 08-16-08 - mpg
---
http://www.reficultnias.org/mikesfiles/blotterminiblogs/americanselectiveattention-blog-mpg-081608
========== ========== ========== ========== ========== ==========
========== ====
Spain's
retreat from Kosovo raises eyebrows ---
http://www.iht.com/articles/2009/03/24/europe/spain.php
A quote...."MADRID: When Prime Minister José Luis
Rodríguez Zapatero of Spain withdrew Spanish peacekeepers from
Iraq in 2004, he got the cold shoulder from former President George W.
Bush. So ever since the election of Barack Obama, Mr. Zapatero has
relished the prospect of working with a U.S. leader with whom he shares
not only a birthday but also, in his view, a progressive agenda and a
desire to resolve conflict through dialogue."
also posted at WarInIraq
--- http://www.iraq-war.ru/article/192914
========== ========== ========== ========== ========== ==========
========== ====
Emerging
Markets Seek to Dump the Dollar as World’s Main Reserve Currency
--- http://www.blacklistednews.com/news-3717-0-13-13--.html
A quote...."Emerging
markets, led by China and Russia, plan to jointly challenge the U.S.
dollar’s role as the world’s sole benchmark currency at the April 2
meeting of the Group 20 nations - a move that underscores the
currency’s weakness and fading support around the world. -- The
creation of a new reserve currency to be issued by international
financial institutions
[As long as
it's NOT
the IMF or World Bank!! - mpg] was one of the measures Russia
proposed to the G20 on March 16, ahead of the group’s summit next week."
========== ========== ========== ========== ========== ==========
========== ====
Berlusconi
blames world recession on the “American influenza virus”
---
http://en.mercopress.com/2009/03/25/berlusconi-blames-world-recession-on-the-american-influenza-virus
A quote...."Berlusconi, who donned a train master's hat and posed for
cameras in the driving seat of the "Red Arrow", said the crisis
originated in the United States but Italy would soon emerge from it
thanks to its healthy banks and low personal debt levels. -- "This
American influenza, this virus arrived from America, has struck a
healthy body... We're all trying to get over it with a bit of aspirin,"
he said."
========== ========== ========== ========== ========== ==========
========== ====
Gazprom
to buy out Italian stake in Gazprom Neft - paper ---
http://en.rian.ru/business/20090325/120723471.html
A quote...."MOSCOW, March 25 (RIA Novosti) - Gazprom may repurchase a
20% stake in Gazprom Neft and former gas assets of the liquidated Yukos
oil company from Italian Eni and Enel in a deal worth over $5.5
billion, a business paper reported Wednesday."
========== ========== ========== ========== ========== ==========
========== ====
Four
Murders at Mieh Mieh Refuge Camp - Who Tried to Kill Palestinian
Ambassador Abass Zaki and Why?
http://www.counterpunch.org/lamb03242009.html
Special Note - Some
quotes...."Yesterday afternoon, Kamal Medhat, 58, known in Lebanon’s
Palestinian Camps affectionately as ‘Kamal Naji’, a senior member of
the Palestinian Fatah movement was killed exiting Mieh Meih Camp by a
25-30 kilogram bomb. The bomb was hidden in a small
roadside shed between two checkpoints, one manned by the Lebanese army
and the other at the Kifah el Musallah Camp security check point.
According to Fateh intelligence sources, a man on a tall building near
the Camp entrance watched Medhat's car approach and detonated it as he
passed at almost exactly 2 pm." -- "Fateh sources claim the real
target was Abass Zaki, the PLO Diplomatic Representative to
Lebanon. Zaki had left Mieh Mieh, a camp of about 5,000 refugees,
about 7 minutes earlier in a nearly identical window-darkened black car
to that of his deputy, Kamal Medhat." -- "There is common agreement in
Lebanon’s Palestinian community Tuesday morning that the motive for the
assassination attempt was to torpedo the growing intra-Palestinian
unity moves in Lebanon and in order undermine Lebanon’s recent
stability. Zaki and his colleagues have been working hard for
Fatah-Hamas unity in Lebanon. Fatah’s Zaki blamed Israel for the
killing and warned it would have serious repercussions in Lebanon and
the Palestinian camps. "Those behind the killing are working in
one way or another for Israel," he told the press." --
also posted at CounterCurrents
--- http://www.countercurrents.org/lamb240309.htm
& Uruknet
--- http://www.uruknet.de/?p=m52890&s1=h1
========== ========== ========== ========== ========== ==========
========== ====
Iran
blames Israel for Lebanon blast ---
http://www.presstv.com/detail.aspx?id=89520§ionid=351020101
A quote...."Iran's Foreign Ministry Spokesman condemns a recent bomb
attack which killed a senior Palestinian official in Lebanon, blaming
it on Israel."
========== ========== ========== ========== ========== ==========
========== ====
Israel’s war
crimes coming to light ---
http://www.uruknet.de/?p=m52894&s1=h1
A quote...."
The Guardian has just published
an
excellent series ---
http://www.guardian.co.uk/world/series/gaza-war-crimes-investigation
--- of articles and videos on Israel’s crimes of war
in and on Gaza. Included in the reports are focuses on
attacks
on medical workers,
---
http://www.guardian.co.uk/world/2009/mar/23/gaza-war-crimes-medics
--- Israel’s
use
of drones to target and kill
---
http://www.guardian.co.uk/world/2009/mar/23/gaza-war-crimes-drones
--- with pinpoint accuracy civilians, and
Israel’s use of civilians inluding minors] as
human
shields ---
http://www.guardian.co.uk/world/2009/mar/23/gaza-war-crimes-medics
--- during their military operations."
========== ========== ========== ========== ========== ==========
========== ====
Movie
Review: The Obama Deception ---
http://www.nolanchart.com/article6163.html
Obama™ Update -- A quote...."For my fellow Americans who don't know
what's been going on, there is such a thing as the red pill genre of
news and information. The term "red pill" comes from a movie, The
Matrix, where a character can choose a red pill to disconnect from the
matrix, or a blue pill to remain blissfully ignorant of the matrix --
even forgetting the opportunity to choose one pill or the other. --
While The Matrix was a fictional movie, The Obama Deception is not." --
And here's the movie --
Alex
Jones - The Obama Deception ---
http://video.google.com/videoplay?docid=7886780711843120756&hl=en
--- (Full Length - GglVid -
1h/51m/21s - 031209)
========== ========== ========== ========== ========== ==========
========== ====
The
Road to DC - Obama's Team of Losers ---
http://www.counterpunch.org/donnelly03242009.html
Obama™ Update -- A quote...."Back in December, I wrote that “Change we
can believe in” was looking suspiciously like Clinton III. I promised I
would revisit the issue once there were more points on the data line.
Now that we’re 28 years and two months into the “Reagan Revolution,”
I’m ready to assess."
========== ========== ========== ========== ========== ==========
========== ====
POLITICS-US:
Censorship Seen in Exclusion of Foreign Scholars ---
http://www.ipsnews.net/news.asp?idnews=46252
Obama™ Update -- A quote...."NEW YORK, Mar 24 (IPS) - A leading legal
rights group charged Tuesday that the Barack Obama Justice Department
is using immigration law to censor debate by selectively barring U.S.
entry to foreign scholars."
========== ========== ========== ========== ========== ==========
========== ====
Rockefeller:
Internet is “Number One National Hazard”
---
http://www.prisonplanet.com/rockefeller-internet-is-%E2%80%9Cnumber-one-national-hazard%E2%80%9D.html
Threats 2 The Web -- A
quote...."According to the great-grandson John D. Rockefeller, nephew
of banker David Rockefeller, and former Senate Intelligence Committee
Chairman Jay Rockefeller the internet represents a serious threat to
national security. Rockefeller is not alone in this assessment. His
belief that the internet is the “number one national hazard” to
national security is shared by the former Director of National
Intelligence Mike McConnell and Obama’s current director Admiral Dennis
C. Blair." --
Looks like the wealthy
elites are getting uncomfortable with all the truth being reported on
the internet....poor little things. - mpg
========== ========== ========== ========== ========== ==========
========== ====
Australian
Government adds Wikileaks to banned website list - Linking to flagged
sites will cost you
---
http://www.techradar.com/news/internet/australia-issues-wikileaks-linking-fine-warning-585894
Threats 2 The Web -- A
quote...."The Australian communications regulator has issued a stark
warning that websites who link out to 'banned' hyperlinks are liable to
fines of up to Aus $11,000 a day. -- The news comes after web forum
Whirlpool was threatened with the fine for posting a hyperlink to a
blacklisted anti-abortion website."
========== ========== ========== ========== ========== ==========
========== ====
New Reports on the
Twin Towers Released ---
http://www.911blogger.com/node/19680
A quote...."One report is a fire engineering assessment completed by
Burro Happold in February of 2000. The other two reports were property
condition assessments done by Merritt & Harris, Inc. a year or so
prior to 9/11. These reports together total hundreds of pages, and I
want them widely released so they can be analyzed in light of the NIST
reports on the collapses of the Twin Towers. Note that the Merritt
& Harris reports are very large files."
========== ========== ========== ========== ========== ==========
========== ====
Can
Private Security Guards Act As Cops? -- That's Exactly What They May
Soon Be Doing On The Far South Side
---
http://cbs2chicago.com/local/police.private.security.2.966243.html
A quote...."CHICAGO (CBS) - They're private security guards, already on
patrol, but they may soon have the powers of Chicago Police officers.
As CBS 2 Chief Correspondent Jay Levine reports, the private security
officers now on patrol on the city's Far South Side are expected to
have their powers expanded as part of a citywide ordinance now being
prepared."
========== ========== ========== ========== ========== ==========
========== ====
Monsanto
Planting Seeds In the White House?
---
http://www.opednews.com/articles/Monsanto-Planting-Seeds-In-by-Asher-Miller-090324-445.html
Obama™ Update -- A quote...."Apparently, President Obama is considering
appointing Michael Taylor to head the new Food Safety Working Group.
Who's Michael Taylor? From Food Politics (care of Jill Richardson): --
Mr. Taylor is a lawyer who began his revolving door adventures as
counsel to FDA. He then moved to King & Spalding, a private-sector
law firm representing Monsanto, a leading agricultural biotechnology
company. In 1991 he returned to the FDA as Deputy Commissioner for
Policy, where he was part of the team that issued the agency's
decidedly industry-friendly policy on food biotechnology and that
approved the use of Monsanto's genetically engineered growth hormone in
dairy cows."
========== ========== ========== ========== ========== ==========
========== ====
Credit
Bubble Bulletin -- Mistakes Beget Greater Mistakes
---
http://www.reficultnias.org/mikesfiles/cachedfiles/mistakesbegetgreatermistakes-noland-atimes-cached-031409
Must Read - A
quote...."Our federal government has set a course to issue trillions of
Treasury securities and guarantee multi-trillions more of
private-sector debt. The Federal Reserve has set its own course to
balloon its liabilities as it acquires trillions of securities. After
witnessing the disastrous financial and economic distortions wrought
from trillions of Wall Street credit inflation (securities issuance),
it is difficult for me to accept the shallowness of today's analysis.
In reality, the paramount risk today has very little to do with
prospective rates of consumer price inflation. Instead, the critical
issue is whether the Treasury and Federal Reserve have set a mutual
course that will destroy their creditworthiness - just as Wall Street
finance destroyed theirs." --
For
more on this issue see....Enforcing
the Rules -- Too Little, Too Late - 02-27-09 - mpg --
http://www.reficultnias.org/mikesfiles/blotterminiblogs/enforcingtherulestoolittletoolate-mpg-reficultnias-022709
========== ========== ========== ========== ========== ==========
========== ====
The
biggest Ponzi scheme of all ---
http://www.thepeoplesvoice.org/TPV3/Voices.php/2009/03/24/the-biggest-ponzi-scheme-of-all
A quote...."The United States is the world's largest Ponzi scheme.
Americans buy stuff they don't have the money to pay for (because the
generators of wealth, the factories, have been shifted overseas by the
American oligarchs), and pay for it with IOUs. The rest of the world
plays along, because it likes the short-term profits to be made from
the insatiable greed of American consumers, and because it has no clue
of how to make the merry-go-round stop. Neither the American government
nor the United States itself can ever possibly pay what it owes. Never.
Yet the prosperity of the rest of the world depends on financiers
accepting the American accounts receivable and the American debt paper
as being worth close to its face value."
========== ========== ========== ========== ========== ==========
========== ====
Corruption
World Champs, by Khalil Bendib ---
http://www.bendib.com/newones/2009/march/small/3-22-Corruption-Champs.jpg
Cartoon
========== ========== ========== ========== ========== ==========
========== ====
Geithner
Update - Bend Over and Say, "Uncle Sam" ---
http://informationclearinghouse.info/article22289.htm
A quote...."March 24, 2009 "Information Clearing House" -- -- Timothy
Geithner refuses to take underwater banks into receivership and resolve
them, but has no problem transforming the FDIC into a hedge fund. Go
figure? Here's what everyone needs to know: The US government (you)
will provide up to 94 percent of the financing (low interest, of
course) for dodgy mortgage-backed assets that no one in their right
mind would ever buy so that wealthy and politically-connected banksters
can scrub up to $1 trillion of red ink from their balance sheets. Ugh!"
========== ========== ========== ========== ========== ==========
========== ====
Down
the dark path ---
http://www.atimes.com/atimes/Global_Economy/KC25Dj03.html
Satire - A quote...."I am
in absolutely no possession of any historical evidence that
16th-century English jailers employed modern stand-up comedians to
bring a bit of levity to their inheritantly bleak workspaces, but what
if they had? What if, as the clock ticked down in the Tower of London
before the execution of Sir Thomas More ordered by King Henry VIII in
July 1535, a comic, in the style of the late Rodney Dangerfield, was
brought in to do stand-up?"
========== ========== ========== ========== ========== ==========
========== ====
Fiscal
Plan Fails both Markets and Taxpayers ---
http://www.commondreams.org/view/2009/03/24-8
A quote...."Let's be clear: President Barack Obama inherited an economy
in freefall and could not possibly have turned things around in the
short time since his election. Unfortunately, what he is doing is not
enough. -- The real failings in the Obama recovery program lie not in
the stimulus package -- though it is too heavily weighted toward tax
cuts, and much of it merely offsets cutbacks by states -- but in its
efforts to revive financial markets. America's failures provide
important lessons to countries around the world that are or will be
facing increasing problems with their banks:"
========== ========== ========== ========== ========== ==========
========== ====
Geithner’s
Public Private Partnership Puts Public Most at Risk ---
http://www.progressive.org/wx032309.html
A quote...."Tim Geithner’s at it again, doing somersaults, with
hundreds of billions of federal money flying out of his pockets in the
process, all to distract us from the more sensible course of action,
which is to nationalize the insolvent banks."
also posted at CommonDreams
--- http://www.commondreams.org/view/2009/03/24-14
========== ========== ========== ========== ========== ==========
========== ====
Democrats
prepare to ditch AIG bonus bill ---
http://wsws.org/articles/2009/mar2009/geit-m25.shtml
A quote...."Within days of the overwhelming passage by the House of
Representatives of a bill imposing a 90 percent surtax on bonuses
awarded by the insurance giant American International Group (AIG) and
other firms that have received government bailout money, the Democratic
leadership in both the House and the Senate have signaled they will
drop the measure."
========== ========== ========== ========== ========== ==========
========== ====
Obama’s
auto task force: a collection of Wall Street investors and asset
strippers ---
http://www.wsws.org/articles/2009/mar2009/auto-m24.shtml
A quote...."President Obama's auto task force has a March 31 deadline
to approve updated restructuring plans by General Motors and Chrysler
LLC under terms of the federal loan agreement. The task force—which has
the power to revoke the loans and has not ruled out the use of the
bankruptcy courts—is pressing for sharp reductions in the wages and
benefits of autoworkers and a drastic downsizing of the auto industry."
--
also posted at AmericanEveryman
---
http://willyloman.wordpress.com/2009/03/24/obama%E2%80%99s-auto-task-force-a-collection-of-wall-street-investors-and-asset-strippers/
--- --
Contrast that plan of
action with
how "harshly" they treated the Banksters....with kid gloves and "do you
want a cup of coffee along with another million (or trillion) to go
with that Lear
jet you have" concern. - mpg
========== ========== ========== ========== ========== ==========
========== ====
Airlines
group predicts big industry losses ---
http://www.iht.com/articles/ap/2009/03/24/business/EU-Airlines-Losses.php
A quote...."GENEVA: World airlines will lose $4.7 billion this year due
to the economic crisis, while revenues will drop by more than after the
Sept. 11, 2001 terrorist attacks in the U.S., a major industry
association predicted Tuesday. -- The revised loss estimate, nearly
double the previous forecast issued in December, reflects "the rapid
deterioration of the global economic conditions," said the
International Air Transport Association."
========== ========== ========== ========== ========== ==========
========== ====
'No
extra cash' for UK economy, Bank of England chief warns
---
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5043866/No-extra-cash-for-UK-economy-Bank-of-England-chief-warns.html
A quote...."Gordon Brown has little or no scope to pour extra cash into
the stricken economy, the Bank of England Governor has said in an
unusual intervention on the state of the public finances."
========== ========== ========== ========== ========== ==========
========== ====
"What do you get for pretending
the danger's not real.
Meek and obedient you follow the leader
Down well trodden corridors into the valley of steel.
What a surprise!
A look of terminal shock in your eyes.
Now things are really what they seem.
No, this is no bad dream." -- *Pink Floyd* (sheep)
========== ========== ========== ========== ========== ==========
========== ===="No State shall enter into any
Treaty, Alliance, or Confederation; grant Letters of Marque and
Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and
silver Coin a Tender in Payment of Debts; pass any Bill of Attainder,
ex post facto Law, or Law impairing the Obligation of Contracts, or
grant any Title of Nobility."
Information received since the
Federal Open Market Committee met in January indicates that the economy
continues to contract. Job losses, declining equity and housing wealth,
and tight credit conditions have weighed on consumer sentiment and
spending. Weaker sales prospects and difficulties in obtaining credit
have led businesses to cut back on inventories and fixed investment.
U.S. exports have slumped as a number of major trading partners have
also fallen into recession. Although the near-term economic outlook is
weak, the Committee anticipates that policy actions to stabilize
financial markets and institutions, together with fiscal and monetary
stimulus, will contribute to a gradual resumption of sustainable
economic growth.
December 28, 1929 ---
“Maintenance of a general high level of business in the United States
during December was reviewed today by Robert P. Lamont, Secretary of
Commerce, as an indication that American industry had reached a point
where a break in New York stock prices does not necessarily mean a
national depression.” — *Associated
Press* dispatch.
January 13, 1930 ---
“Reports to the Department of Commerce indicate that business is in a
satisfactory condition, Secretary Lamont said today.” - *News item*
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