From Depression (?) To Gaza Terror And Back Again To Criminals In The White House
Will It Take A WWIII To Prevent A Depression And Is The New York Times On Its Death Bed?
"The action I am taking is no more than a radical measure to hasten the explosion of truth and justice. I have but one passion: to enlighten those who have been kept in the dark, in the name of humanity which has suffered so much and is entitled to happiness. My fiery protest is simply the cry of my very soul. Let them dare, then, to bring me before a court of law and let the enquiry take place in broad daylight!"
- Emile Zola, J'accuse! (1898) –
The crash of 2008 and the prospects for 2009
Another View An other Analysis
Whenever a historical review is made certain years attract attention because of the decisive events with which they are associated. The years 1914, 1929, 1933, 1939 and in more recent times 1956 and 1989 are some that come to mind. The year 2008 is destined to join this group.
This was the year when the supposedly impossible happened: The world capitalist system underwent a financial breakdown which now threatens to repeat, or even eclipse, that which began in 1929.
The figures speak for themselves. The US government alone is committed to providing more than $8 trillion to prop up the financial system. Interest rates charged by central banks around the world have been cut to record lows, in the case of the US to near zero, in a desperate bid to prevent a financial meltdown.
The year has ended with stock markets around the world showing losses not seen since the worst years of the Great Depression. In the US, the S&P 500 index has fallen by 38.5 percent—with much of the drop in the last few months—to record its worst result since the fall of 47.1 percent in 1931.
In Japan, the Nikkei index closed 42.1 percent down for the year, exceeding the previous biggest loss of 38.7 percent in 1990, when the share and land bubble collapsed. In Korea, the Kospi index ended the year with a loss of 40.7 percent. Both these Asian results were the worst since records began, while across Europe similar declines have been recorded.
The collapse of financial markets is now being matched by the decline of the real economy. Next year total economic output in the advanced capitalist economies will fall—the first such contraction in the post-war period. According to Olivier Blanchard, the chief economist of the International Monetary Fund, the contraction in demand "could exceed anything seen since the Great Depression in the 1930s."….
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U.S. Backed Invasion by Israel - Asheville Indymedia
... a correspondent for Revolution newspaper (www.revcom.us) where this first appeared, who has reported from Iran, Iraq and Palestine, and a contributor to Impeach the President: The Case AgainstBush and Cheney (Seven Stories). ...
Asheville Indymedia Summaries - http://asheville.indymedia.
The Monstrosity of War | Tuesday 06 January 2009 | by: Dahr Jamail, t r u t h o u t | Perspective
NEANEAT TOOL LEFT AND RIGHT NEWS BLOGS
Feingold's Outline for a Constitutional Presidency
Anderson Cooper 360: Blog Archive - White House could be crime ...
White House could be crime scene: Obama urged caution
I mean congress chose not to even attempt to impeach Bush or try to get Cheney along with others for any crimes that they may have done? Honestly this report just seems like a last swift kick to an administration that is down and out ...
During Today Interview, Coulter Falsely Claimed "The Drudge Report Has Never Had To Retract A Report"
Summary: During her January 7 interview on NBC'sToday, Ann Coulter falsely claimed that "the Drudge Report has never had to retract a report." In fact, the Drudge Report has a track record of posting items that were false on their face or were subsequently exposed as false, and in 1997, issued a retraction regarding a false allegation he posted on his website.
During her January 7 appearance on NBC's Today, author and syndicated columnist Ann Coulter falsely claimed that "the Drudge Report has never had to retract a report." In fact, as Media Matters for America has repeatedly documented, the Drudge Report has a track record of posting items that were false on their face or were subsequently exposed as false. Moreover, on August 12, 1997, Matt Drudge did indeed issue a retraction regarding a false allegation he posted about former Clinton senior adviser Sidney Blumenthal's personal life.
Recent examples of false Drudge claims include:……
US SHED 693,000 JOBS IN DECEMBER
The Forgotten Math: Pre-WWII New Deal Saw Biggest Drop In Unemployment Rate In American History
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Adam Green, formerly MoveOn.org's Director ...
Earnings reports released by the New York Times Company in October indicate that drastic measures will have to be taken over the next five months or the paper will default on some $400 million in debt. With more than $1 billion in debt already on the books, only $46 million in cash reserves as of October, and no clear way to tap into the capital markets (the company's debt was recently reduced to junk status), the paper's future doesn't look good. (theatlantic.com) » follow the topic
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