“In mid-September this year, the CIA station chief in Delhi sought an urgent meeting with his counterpart in R&AW to pass on some critical inputs. This was part of an understanding that Indian and American intelligence had institutionalised in the aftermath of 9/11. From its assets in Pakistan and Afghanistan, American intelligence had come to learn that the Lashkar-e-Toiba was planning to launch a major terrorist attack in Mumbai, which would be carried out from the sea.
The Pentagon has used the No Child Left Behind Act as a Trojan Horse to propagandize vulnerable teenage students, invade their privacy, harass them, and get them to enlist.
Passage of the NCLB in 2001 has given Pentagon recruiters “unprecedented access to public high schools and to students’ personal information” and has “changed the landscape of military recruitment in public high schools across the U.S.,” the American Civil Liberties Union(ACLU) charges.
Wall Street breaks 5-day win streak as stocks plunge; Dow down 680 in 4th-worst decline
NEW YORK (AP) — The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession. Continue reading
|Trade Time:||4:04PM ET|
|Day’s Range:||8141.36 – 8827.05|
|52wk Range:||7,392.27 – 13,850.90|
This is great news!
The sustainable energy age has begun. It was recently announced that a company in Florida called Green Flight International (GFI) has plans to construct a $100-million, algae biofuel plant aimed at making fuel for the aviation industry as well as for ground-based transportation. Continue reading
PARIS (Reuters) – The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they battle against the effects of the financial crisis and worsening economic climate on consumer confidence. Continue reading
But the White House and the corporate media consistently continued to state otherwise
A new report by the National Bureau of Economic Research has concluded that the US economy slipped into recession in December 2007, a full year ago. Continue reading
The Chinese President has issued a rare warning to the ruling Communist Party, telling his officials that the global economic downturn is so severe that it could shake its 59-year grip on power.
President Hu Jintao’s remarks, at a weekend meeting of the ruling 25-member Politburo, appeared on the front page of the party’s official mouthpiece, the People’s Daily. It was his bluntest message yet delivered on the crisis to China’s 1.3 billion people and more than 70 million members of the party. Continue reading
Iranian President Mahmoud Ahmadinejad renewed his verbal attacks on Israel on Saturday, predicting the demise of the “Zionist regime” at a UN development conference in Doha.
“While expressing sympathy with Palestinians and warning professional Zionist criminals, I declare that the Zionist regime has reached the end of the road and more crimes cannot save it,” Ahmadinejad said in a speech broadcast on Iranian state television. Continue reading
(Reuters) – The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said. Continue reading
The U.S. military expects to have 20,000 uniformed troops inside the United States by 2011 trained to help state and local officials respond to a nuclear terrorist attack or other domestic catastrophe, according to Pentagon officials. Continue reading
Colonial style empire-building is making a huge comeback
“The deal South Korea’s Daewoo Logistics is negotiating with the Madagascar Government looks rapacious…The Madagascan case looks neo-colonial…The Madagascan people stand to lose half of their arable land.” Financial Times Editorial, November 20, 2008
“Cambodia is in talks with several Asian and Middle Eastern governments to receive as much as $3 billions US dollars in agricultural investments in return for millions of hectares of land concessions…” Financial Times, November 21, 2008
“We are starving in the midst of bountiful harvests and booming exports!: Unemployed Rural Landless Workers, Para State, Brazil (2003)
Colonial style empire-building is making a huge comeback, and most of the colonialists are late-comers, elbowing their way past the established European and US predators. Continue reading
“Conditions have deteriorated on a scale and with a speed that no one could have predicted just a few months ago. Market conditions of unprecedented strength are roiling the world’s financial markets. The global economy is either in, or close to, recession and 2009 is not likely to be a year of great recovery.” Brett White, chief executive officer of CB Richard Ellis, LA Times
November 29, 2008 – Without any public debate or authorization from Congress, the Federal Reserve has embarked on the most radical financial intervention in history. Fed chairman Ben Bernanke is trying to avert another Great Depression by flooding the financial system with liquidity in an attempt to mitigate the effects of tightening credit and a sharp decline in consumer spending. Continue reading
How did we get into the current financial mess? Great question.
Turmoil in the Making
In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It’s estimated that those seven men represented one-sixth of the world’s wealth. Six were Americans representing J.P. Morgan, John D. Rockefeller, and the U.S. government. One was a European representing the Rothschilds and Warburgs. Continue reading