The Mumbia Attack - 8 Articles
- Tuesday - [ Day 7 ] ========== ========== ========== ==
Mumbai
Attacks: Piecing Together the Story ---
http://www.alternet.org/audits/109237/mumbai_attacks%3A_piecing_together_the_story/
Must Read - A
quote...."December 1, 2008. -- There is a torrent of information and
analysis on the recent
attacks in Mumbai, but much of the story is nowhere to be seen in the
American mainstream media. Here's a guide to what you might have
missed:"
also posted at ICH
--- http://www.informationclearinghouse.info/article21378.htm
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PJB:
Will the Terrorists Succeed Again? ---
http://buchanan.org/blog/2008/12/pjb-will-the-terrorists-succeed-again/
Must Read - A
quote...."December 2, 2008 -- Arguably the most successful act of
revolutionary terror was
the June 1914 assassination of the Archduke Francis Ferdinand in
Sarajevo. - Believing his mission to murder the heir to the Austrian
throne had failed, Gavrilo Princip suddenly found himself standing a
few feet away from the royal car. He fired twice, mortally wounding the
archduke and his wife. - Tactically, that act of terror eliminated the
reformist Ferdinand, who meant to address the grievances of his Slav
subjects by granting them greater autonomy and equality with Austrians
and Hungarians inside the empire. - Strategically, the assassination
succeeded beyond the wildest dreams of its Black Hand plotters." -
also posted at ICH
- http://www.informationclearinghouse.info/article21371.htm
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The Meaning of
Mumbai South Asia, the new arena ---
http://www.antiwar.com/justin/?articleid=13848
Must Read - A
quote...."December 3, 2008 -- The Mumbai massacre comes at a time
when the U.S. is about to
switch battlefields in its avowedly "generational" war on terrorism,
from the Middle East to South Asia. As we move our forces eastward into
Afghanistan and, inevitably, Pakistan, the events in Mumbai light up
the geopolitical landscape like lightning at midnight, prefiguring a
new and even bigger quagmire than the one we're supposedly leaving
behind in Iraq. Forget the differences between Sunnis and Shi'ites.
That's so yesterday. What we're dealing with now, in the
Pakistani-Indian rivalry, is a true war of civilizations, pitting
Muslims against Hindus."
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Mumbai
attacks more complicated than corporate press reports
--- http://onlinejournal.com/artman/publish/article_4082.shtml
Special Note - A
quote...."(
WMR)
--- http://www.waynemadsenreport.com/ --- As
first reported by WMR while the corporate press was uttering the “Al
Qaeda” bogeyman as likely behind the terror attacks on Mumbai, the
Press Trust of India (PTI) is now confirming WMR’s initial report that
Pakistan- and Dubai-based criminal syndicate boss Dawood Ibrahim’s
gangsters handed over the weapons and explosive material to
Lashkar-e-Taiba (LET) terrorists to carry out the assault on targets in
Mumbai."
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Pak
TV channel says 26/11 hatched by Hindu Zionists
---
http://timesofindia.indiatimes.com/India/Pak_TV_channel_says_2611_hatched_by_Hindu_Zionists/rssarticleshow/3785654.cms
A quote...."2 Dec 2008, 2216 hrs IST -- NEW DELHI: Mumbai's 26/11 was
actually a plan hatched by
"Hindu Zionists" and "Western Zionists", including the Mossad, said a
self-styled Pakistan security expert on a Pakistan news television
show,"
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Mumbai
Muslims Castigate Attackers as Criminals; Footage of Capture of Ajmal
---
http://www.juancole.com/2008/12/mumbai-muslims-castigate-attackers-as.html
Contains Videos - A
quote...."Wednesday, December 03, 2008 -- Aljazeera English has more on
the Indian Muslim Council
Trust's request that the attackers of Mumbai not be buried in the
city's Muslim cemetery."
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India says no
question of military action over Mumbai ---
http://wiredispatch.com/news/?id=473276
A quote...."Dec 02, 2008 03:01 EST -- NEW DELHI, Dec 2 (Reuters) -
India said on Tuesday it was not considering military action in
response to Islamist
[they are NOT
Islamists, they just call themselves that] militant attacks in
Mumbai that killed at least 183 people."
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Pakistan
Sees Internal Rapprochement as India Tensions Linger
---
http://news.antiwar.com/2008/12/02/pakistan-sees-internal-rapprochement-as-india-tensions-linger/
A quote...."Posted December 2, 2008 -- Both India and Pakistan
seem to be making some effort to curb what in the first days after last
week’s Mumbai attacks seemed a growing risk of war. Both sides have
continued to assert that their nations’ respective militaries are
prepared to defend themselves, but fortunately neither side seems eager
to push the tensions past the point of no return."
End - The Mumbia Attack - 8
Articles
- Tuesday - [ Day 7 ] ========== ========== ========== ==
Clinging
to the Wreckage (I): Murder, Inc. -- The Continuing Obscenity of U.S.
Foreign Policy
---
http://powerofnarrative.blogspot.com/2008/12/clinging-to-wreckage-i-murder-inc.html
Must Read - A
quote...."Barack
Obama repeatedly insists that the greatest task before us, the task to
which he tells us again and again he himself is fully committed and to
which he asks all of us to dedicate ourselves as well, is "change." To
change a policy of any significance requires that one first identify
honestly and in detail the nature of the policy one wishes to alter. As
is true of every other national politician of prominence, Obama
resolutely refuses to name the actual nature and meaning of U.S.
foreign policy today and for the last several decades."
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Boy,
Am I Ever Glad to Have Voted for Cynthia McKinney! ---
http://www.opednews.com/maxwrite/diarypage.php?did=11011
A quote...."To all the wounded bloggers, Obama campaign activists, dyed
in the wool progressives, and lesser evilism voters out there, who have
been firmly and resolutely betrayed by a good deal of what Barack Obama
had campaigned on; I’m sorry for all you folks (you’re going to have to
get used to living with a lot of blood on your hands!). I don’t have a
mind sick enough to have imagined what Barack Obama would do, just in
the days leading up to even before he will officially take on the role
of the 44th President! Who would have known the wasted vote would be
the vote for Barack Obama, and not the vote for the far superior
candidates (McKinney and Nader, even conservatives like Ron Paul and
Chuck Baldwin raised far weightier and more consequential issues than
Barack Obama did, during the campaign season), who had no real chance
of winning; and were marginalized and ridiculed by a corrupt,
consolidated, anti-American, and anti-democratic ‘mainstream’ corporate
(or corporatist) media."
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Barack
Obama's kettle of hawks ---
http://www.guardian.co.uk/commentisfree/cifamerica/2008/dec/01/barack-obama-foreign-policy
A quote...."Barack Obama has assembled a team of rivals to implement
his foreign policy. But while pundits and journalists speculate
endlessly on the potential for drama with Hillary Clinton at the state
department and Bill Clinton's network of shady funders, the real
rivalry that will play out goes virtually unmentioned. The main battles
will not be between Obama's staff, but rather against those who
actually want a change in US foreign policy, not just a staff change in
the war room."
also posted at
ICH
--- http://www.informationclearinghouse.info/article21373.htm
& CommonDreams
--- http://www.commondreams.org/view/2008/12/02-1
& CounterPunch
--- http://www.counterpunch.org/scahill12022008.html
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Obama
v. King, on War and Peace ---
http://www.consortiumnews.com/2008/120208d.html
A quote...."Can we successfully fight for social and economic justice
in the United States while simultaneously escalating a war in Asia?
Barack Obama says we can. But 41 years ago, Dr Martin Luther King Jr.
warned against doing exactly that."
Perhaps the Obamatrolls just
don't get it yet so this website editor will make it as abundantly
clear as possible to them. The continuous quest for the New Roman
Empire by this nation's DemoRepubs will kill ANY chance of ever achieving a
just, free, fair and peaceful society....period. Anyone who
supports Obama’s position on the continuation of the New Roman Empire
should simply state that they desire to make everyone’s lives in this
nation nasty, brutish, and short. That they support high taxes, a
warfare state, and little freedom, it would be the honest and truthful
thing to do.-- mpg
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Robert
Fisk: 'Nobody supports the Taliban, but people hate the government'
---
http://www.independent.co.uk/opinion/commentators/fisk/robert-fisk-nobody-supports-the-taliban-but-people-hate-the-government-1036905.html
A quote...."The collapse of Afghanistan is closer than the world
believes. Kandahar is in Taliban hands – all but a square mile at the
centre of the city – and the first Taliban checkpoints are scarcely 15
miles from Kabul. Hamid Karzai's deeply corrupted government is almost
as powerless as the Iraqi cabinet in Baghdad's "Green Zone"; lorry
drivers in the country now carry business permits issued by the Taliban
which operate their own courts in remote areas of the country."
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U.S.
soldiers charged for abusing Afghans ---
http://uk.reuters.com/article/worldNews/idUKTRE4B13RP20081202
A quote...."KABUL (Reuters) - Two U.S. soldiers serving in Afghanistan
have been charged with the abuse of Afghan detainees, the U.S. military
said on Tuesday."
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Songs
for the Mahdi Army ---
http://www.motherjones.com/news/feature/2008/12/songs-for-the-mahdi-army.html
A quote...."One day in Iraq, a friend picked me up from the house in
Baghdad's Mansur district and took me to the Shaab district of east
Baghdad. We drove past checkpoints manned by "Awakening" militias
created by the Americans to counteract the Shiite-led Mahdi Army
militia. My friend, a Shiite himself from Shaab, put a tape in the
cassette player. "Now we are the Mahdi Army," my friend laughed, as the
singing started. The songs praised populist anti-American cleric
Moqtada al-Sadr and the Iraqi militia loyal to him, which frequently
blew up or kidnapped Americans and other foreigners."
also posted at CommonDreams
--- http://www.commondreams.org/view/2008/12/02-9
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Maliki
and Bush: Conflicting priorities ---
http://onlinejournal.com/artman/publish/article_4080.shtml
Special Note - A
quote...."Faced with monumental political pressures and historic moral
and patriotic responsibilities, the Prime Minister of Iraqi, Nuri
al-Maliki, remarkably was able to derail and delay, for more than nine
months, the approval of the security and military pact with Washington.
President Bush considers the pact, in its original form, a milestone
for his success in subduing the Iraqi people and ensuring the
mortgaging to Washington of Iraqi political will and natural resources
for years to come."
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De
Facto Junta? ---
http://www.military.com/opinion/0,15202,180298,00.html
Special Note - A
quote...."One might think the book is closed on the matter of U.S.
occupation of Iraq, but no. Admiral Mullen says it's "theoretically
possible" to change the agreement. "Three years is a long time," he
says, and we will "continue to have discussions with them [the Iraqis]
over time as conditions continue to evolve." In July, Mullen said that
a deadline for a U.S. withdrawal would be "dangerous." Defense
Secretary Robert Gates, who has been asked to hang around for a year or
so into the Obama regime, objected to the 16-month plan during the
presidential campaign, and incoming National Security Adviser James L.
Jones, a retired Marine four-star, said in 2007 that a deadline for our
withdrawal from Iraq would be "against our national interest." -- What
do they call it again, when a country is run by its military?"
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How
Many Americans Died Because of Bush’s Torture Program?
--- http://harpers.org/archive/2008/12/hbc-90003947
A quote...."According to a special operations intelligence officer, the
answer is a number north of three thousand–not counting the tens of
thousands maimed or seriously wounded, the destruction of the nation’s
reputation as a moral leader, or the damage done to our Constitution.
In a stunning op-ed published in Sunday’s Washington Post, a special
operations intelligence officer details his direct experience with
torture practices put into effect in Iraq in 2006—long after the
Pentagon had forsworn them, but while Donald Rumsfeld was still running
the shop."
also posted at ICH
--- http://www.informationclearinghouse.info/article21372.htm
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New
York Times Misleads on Taliban Role in Opium Trade
---
http://www.opednews.com/articles/New-York-Times-Misleads-on-by-Jeremy-R-Hammond-081129-544.html
A quote...."The New York Times reported this week that the Taliban have
cut back on poppy cultivation and is stockpiling opium, grossly
overstating the group’s role in the Afghanistan drug trade." --
Keep in mind folks, the "dreaded" Taliban
had almost stamped out the opium trade ....before the US-NRE got
there.... after which.... as usual.... "somehow" ....Afghanistan became
the world's leader in opium production. - mpg
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Media Still
Letting Bush Lie on Iraq Inspectors - ABC, WaPo fail to challenge
president's misinformation-
art.
@ FAIR
--- http://www.fair.org/index.php
--- http://www.fair.org/index.php?page=3657
A quote...."In a December 1 interview with ABC anchor Charles Gibson,
George W. Bush gave a grossly erroneous history of the run-up to the
Iraq War--a false version of events that Gibson failed to challenge and
the Washington Post glossed over the following day."
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Nobody’s
Ever Gone Wrong Invading Somalia ---
http://www.amconmag.com/blog/2008/11/30/nobodys-ever-gone-wrong-invading-somalia/
A quote...."It’s easy to miss the fact that Bill Kristol has, somewhat
at random, targeted Somalia for an invigorating little naval
bombardment and perhaps invasion in a column mostly centered on a
proposal to award torturers the
Order of Lenin
Medal of Freedom on the explicit basis of their job well done
torturing, the better to galvanize public enthusiasm for continuing the
Bush administration’s seven-and-a-half-year globe-spanning wave of
crimes against humanity and the Constitution. But there you have it:"
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Somalia:
Another CIA-Backed Coup Blows Up ---
http://www.informationclearinghouse.info/article21375.htm
A quote...."December 02, 2008 "Information Clearinghouse" --- Up until
a month ago, no one in the Bush administration showed the least bit of
interest in the incidents of piracy off the coast of Somalia. Now
that's all changed and there's talk of sending in the Navy to patrol
the waters off the Horn of Africa and clean up the pirates hideouts.
Why the sudden about-face? Could it have something to do with the fact
that the Ethiopian army is planning to withdrawal all of its troops
from Mogadishu by the end of the year, thus, ending the failed two year
US-backed occupation of Somalia?"
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Iran
builds reactors with native expertise ---
http://www.presstv.ir/detail.aspx?id=77045§ionid=351020104
A quote...."An official in the Iranian nuclear organization says the
country has acquired necessary native knowledge for building nuclear
reactors."
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Iran designs
stealth aircraft ---
http://www.russiatoday.com/news/news/34153
A quote...."Iran has announced it has designed a radar-evading, or
‘stealth’, aircraft capable of taking out high-value targets without
being detected by hostile radar systems, Press TV reports."
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Iran holds
naval war games in strategic waterway ---
http://wiredispatch.com/news/?id=473482
A quote...."TEHRAN, Dec 2 (Reuters) - Iran said it began six days of
naval war games on Tuesday in the Gulf and the Strait of Hormuz, the
strategic transport route for global oil supplies which the Islamic
Republic has threatened to close if it is attacked.
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A
peace process that makes peace impossible ---
http://onlinejournal.com/artman/publish/article_4079.shtml
A quote...."Palestinian-Israeli peace-making can only deliver if
Palestinians are united, but the current Annapolis “peace process” was
launched first of all as a blueprint for perpetuating the inter-
Palestinian divide." --
For more on
this issue see....US
Sponsored Civil Wars - Palestine
---
http://www.reficultnias.org/mikesfiles/weblists/ussponsoredcivilwars-weblist-mpg-101107#PALESTINE
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Dozens hurt as
Hebron settlers, Palestinians clash ---
http://www.iraq-war.ru/article/182908
A quote...."HEBRON, West Bank (AP) - Israeli settlers and Palestinians
hurled stones at each other Tuesday near a disputed home in this West
Bank city, injuring two dozen people, including a Jewish teenager with
a serious head wound, medics and Israeli officials said."
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Venezuela
Proposes New Regional Currency During ALBA Summit ---
http://www.venezuelanalysis.com/news/3994 ---
To be known as the Latero?
Special Note -
This is the absolute correct way to go, if
Latin and Central America (along with the rest of the world) do not
de-couple from the US dollar they will
continue to experience unending poverty, economic upheavals and
political strife. - mpg -- A quote...."Caracas, November 28th,
2008 (Venezuelanalysis.com) -- In a speech at the III Extraordinary
Summit of the Bolivarian Alternative for the Americas (ALBA) in Caracas
on Wednesday, Venezuelan President Hugo Chávez proposed the
creation of a regional monetary bloc with its own currency to break the
hegemony of the U.S. dollar and U.S.-dominated international financial
institutions."
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Brazil
to sell 100 missiles to Pakistan ---
http://www.news.com.au/heraldsun/story/0,21985,24744264-5005961,00.html
A quote...."BRAZILIAN authorities gave approval for the sale of 100
missiles to Pakistan which can be used in air-to-surface attacks on
radar tracking instalations, Defense Minister Nelson Jobim said."
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Thousands
Of Ex-Paramilitaries Active In Colombia - Study
---
http://news.morningstar.com/newsnet/ViewNews.aspx?article=/DJ/200812012128DOWJONESDJONLINE000652_univ.xml
A quote...."BOGOTA (AFP)--More than 10,000 demobilized paramilitary
fighters are currently active in gangs working for Colombian drug
lords, according to a study out Monday."
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Nicaragua:
Venezuela has offered to replace U.S. aid ---
http://www.usatoday.com/news/world/2008-12-02-nicaragua-venezuela_N.htm
A quote...."MANAGUA, Nicaragua (AP) — President Daniel Ortega says
Venezuela has offered Nicaragua $100 million in aid if the U.S. and
European Union cut off funding over disputed elections. -- Ortega says
his leftist ally Venezuelan President Hugo Chavez made the offer last
week "without blackmail, without conditions of any sort."
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Over
US Objections, NATO Resumes Contacts with Russia ---
http://news.antiwar.com/2008/12/02/over-us-objections-nato-resumes-contacts-with-russia/
A quote...."NATO foreign ministers led by Germany managed to forestall
fast-track membership for Georgia and Ukraine, and likewise reached an
agreement to resume limited ties with Russia. The move was described as
“conditional and graduated re-engagement” by NATO Secretary General
Jaap de Hoop Scheffer."
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Iceland offers
Russia an abandoned NATO airbase ---
http://www.iraq-war.ru/article/182861 ---
Say WHAT! - mpg
A quote...."The president
of Iceland has offered Russia the use of an abandoned NATO airbase. The
Russians declined, partly because the president of Iceland does not
have the authority to make such a deal. What is happening here is that,
at the moment, Iceland is unhappy with their NATO allies. Partly this
is the result of the global recession hitting Iceland particularly hard.
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Spain
'authorised' CIA rendition flights ---
http://www.telegraph.co.uk/news/worldnews/europe/spain/3538908/Spain-authorised-CIA-rendition-flights.html
A quote...."An investigation has been launched after it emerged that
the former conservative government of Jose Maria Aznar allowed
controversial CIA flights to land on Spanish soil."
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The
Government's Argument for Deploying Troops in the U.S. is Ridiculous -
Even On Its Own Terms
---
http://georgewashington2.blogspot.com/2008/12/governments-argument-for-troops-in-us.html
A quote...."Everyone knows that deploying 20,000 troops on U.S. soil
violates Posse Comitatus and the Constitution. -- And everyone
understands that staging troops within the U.S. to "help out with civil
unrest and crowd control" increases the danger of overt martial law. --
But no one is asking an obvious question: Does the government's own
excuse for deploying the troops make any
sense?"
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Maryland
Police Play Spies--And Look Like Fools ---
http://voices.washingtonpost.com/rawfisher/2008/12/maryland_police_play_spies--an.html
A quote...." For years, the Maryland State Police, eager to play
anti-terrorist surveillance agents just like the big boys on TV, spied
on suburban peace activists who may have been loud, but never posed the
slightest threat to the nation or the state. -- So what did Maryland
taxpayers get for their investment in the state police's investigations
of 53 people, including lawyers, a candidate for Congress, a leader of
an effort to curb military recruiting in Montgomery County high
schools, and a sportswriter? -- Have a look for yourself--it's
pitiful." --
Multiply this one
episode by hundreds, possibly thousands of agencies and departments
across this country, and you will began to grasp the magnitude, the
waste, the dangerousness and the total, utter, stupidity of the police
state mentality that is increasing its grip on this nation. -
mpg
also posted at CommonDreams
--- http://www.commondreams.org/view/2008/12/02-0
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In
Guantánamo case, a judge tightens the screws on the US
--- http://www.csmonitor.com/2008/1203/p03s04-usju.html
Must Read - (for the outrage) -- Some
quotes...."Washington - A major battle is brewing in federal
court here over the well-established legal requirement that the
government must turn over any exculpatory evidence
[i.e. evidence that might prove the
"suspect" is innocent of the charges or that the charges are legally
unfounded] it has uncovered to an accused criminal it is seeking
to imprison. -- But what if that person is a suspected terrorist being
held as an enemy combatant at Guantánamo Bay, Cuba?" --
Judge Sullivan has ordered the government
to turn over exculpatory evidence about the man, but Justice Department
lawyers are seeking to narrow the judge's order." - bold by
website editor --
OK, let's get this
straight, they have evidence that might prove their charges are
unfounded and they don't want to present it in court....why?
Because it might prove that their charges are unfounded. Got that
folks, it was supposed to be innocent until PROVEN guilty in the old
USofA, in countries with poor legal traditions you were guilty until
proven innocent, but now in the brand spanking new US of the NRE you're
guilty and they won't even legally let you have the chance to prove
you are innocent in a court of law. Those guys at Gitmo are
really,
really, sick....or
worse. For more on this issue see....The
Convenient Silence of Guantanamo Bay - 05-31-08 - mpg
---
http://www.reficultnias.org/mikesfiles/blotterminiblogs/theconvenientsilenceofgitmo-blog-mpg-053108
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Ex-prosecutor
says Guantanamo is "stain on America" ---
http://wiredispatch.com/news/?id=473987
Related Article - A quote...."LONDON, Dec 2 (Reuters) - U.S. military
tribunals at Guantanamo Bay are a "stain on America" that risk
convicting innocent people because judicial standards are so low, a
former senior prosecutor at the prison said on Tuesday."
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US
stands by refusal to sign cluster bomb ban ---
http://rawstory.com/news/afp/US_stands_by_refusal_to_sign_cluste_12022008.html
A quote...."The United States said Tuesday it will refrain this week
from signing a treaty in Norway to ban cluster bombs, because the
document is too broad and endangers US soldiers. -- Some 100 countries
will ban the use of such weapons when their delegates sign the
Convention on Cluster Munitions on Wednesday in Oslo but major
producers like the United States, China and Russia are shunning the
pact."
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Barnacles
--- http://www.lewrockwell.com/orig8/schmidt9.html
A quote...."One attraction of Austrian economics reflects its grounding
in the long tradition of natural law; economic laws are not made, but
discovered, and they are in force whether one recognizes or chooses to
acknowledge them. The same economizing that the barnacles must
undertake in the face of strife should likewise apply with other living
creatures, including man. In the area of constructing living quarters,
one can see some of the same effects encapsulated in the expression
"they do not build them like they used to."
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Peter
Schiff CNN International - World News Europe ---
http://www.youtube.com/watch?v=dyO4q3C4f_s --- (YouTube - 4
min 27
sec - Dec. 02, 2008)
Video - A quote...."Peter
continues his ongoing rant against stimulus packages, bailouts and
increased government debt. Peter goes on to say, once again, that
saving is the prudent action at this time, continued spending will
result in the propping up of these failing companies."
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GRAND
OPENING!!!!!! ---
http://willyloman.wordpress.com/2008/12/02/grand-opening/
A quote...."Welcome to Bank of American Everyman! We are now A BANK!
Cuss I said so…
Mission Statement: To unfreeze credit ratings by getting some money.
Business Plan: Just as soon as Paulson sends me my Bailout Money, my
credit rating will thaw.
(Please consider this my application for bailout money. 40 billion
would cover it.) (on a side note: I WILL play ball with the big greedy
corporate bankers. wink wink. I CAN be bought, cheap)"
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Stocks
vs. bonds - Commentary: The S&P's dividend yield now higher than
the 10-year T-note's
---
http://www.marketwatch.com/news/story/For-first-time-50-years/story.aspx?guid=%7BE072D0B2-0A01-47FD-9FA9-7A2CB6DFD1EE%7D
Market Tech Note - A
quote...."For the first time since 1958, the dividend yield on the
Standard & Poor's 500 index has risen [above] the interest
rate on the 10-year Treasury note. As of Tuesday's close, for example,
the S&P's dividend yield was 3.3%, while the 10-year T-Note was
yielding 2.7% -- a spread of 0.6 percentage points in favor of stocks.
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From
The “Panic” Of 2008 To The “Collapse” Of 2009 ---
http://www.prisonplanet.com/from-the-panic-of-2008-to-the-collapse-of-2009.html
A quote...."The country’s top trends forecaster, who accurately
predicted the “panic” of 2008 nearly a year before it unfolded, is now
ominously suggesting that next year will come to be known as “the
collapse of 2009″."
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Nov.
auto sales sink to worst level since 1982 ---
http://news.yahoo.com/s/ap/20081202/ap_on_bi_ge/auto_sales;_ylt=Ar8eE2vOto1yL5C8ULbDleKs0NUE
A quote...."NEW YORK – U.S. auto sales plunged 37 percent in November
to their worst level in more than 26 years, dashing expectations that
this dismal year for vehicle demand had found a bottom, and adding more
ammunition to the Detroit automakers' case for a congressional
lifeline."
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Retsey said... "But at some
point everyone (foreign
sovereigns) must realize that
the rating is fraudulent and meaningless - at which point blackmail
will be pointless too."
CDS [credit default swapos] on
the debt of the US government reached all-time highs on Wednesday as
investors struggled to digest the government’s latest stimulus package
splurge. (On Tuesday the Federal Reserve unveiled an $800bn injection
into consumer lending markets, prompting further unease over the level
of national debt and ballooning money supply.) -- The news pushed the
cost of protecting against US default over five years to an all-time
high, rising 5 basis points to 49bp. The spread on ten year contracts
too reached record highs, up from a close of 48bp to 53bp.
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