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Tuesday, 30 September 2008

Fundamentals Of The Economy Are Solid... Remember?

Shearing The Sheeple
Fundamentals Of The Economy Are Solid... Remember?
By Rand Clifford
Regarding how fundamentally sound our economy was just weeks ago: our leaders are implying that they were either too stupid to know what has been building up for years, or they are liars. Certainly, any pleas of stupidity remain solidly backed up by actions. But even more fundamentally, these people are liars, always have been, always will be.

'No More Cause for Feeling Schadenfreude'

THE WORLD FROM BERLIN
'No More Cause for Feeling Schadenfreude'
With the government bailout of Hypo Real Estate Holding Monday, the now-global financial crisis has arrived and reared its ugly head in Germany. Commentators here largely approve of the measure, but they also want more government action -- and less anxiety -- soon.

Wild Times in the Credit Markets

HUNKERING DOWN
Wild Times in the Credit Markets
By Ben Levisohn
Think stocks are volatile? The dislocations in the credit markets are even more serious, and they pose a greater threat to the economy.

Banking Crisis Leaves Europeans with Bill in the Billions

THE CREDIT CRUNCH
Banking Crisis Leaves Europeans with Bill in the Billions
By Stefan Schultz
This week Europe has fallen deeper into the credit crunch. With multi-billion euro bailout packages, Germany, Britain and the Benelux states have saved banks from collapsing.

America Loses Its Dominant Economic Role

THE END OF ARROGANCE
America Loses Its Dominant Economic Role
By SPIEGEL Staff
The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is coming to an end and US military might is ebbing. Still, this is no time to gloat.

Advice to Chinese Parents -- 'Gather Evidence'

CHINA'S POWDERED MILK SCANDAL
Advice to Chinese Parents -- 'Gather Evidence'
Li Fangping, 34, one of the best-known lawyers in China, discusses the contaminated milk scandal that continues to spread. Despite state pressure to stay out of the matter, Li and colleagues are advising parents of affected babies to gather evidence for court.

US economy: $700 billion Wall Street bail-out rejected on Meltdown Monday 2

US economy: $700 billion Wall Street bail-out rejected on Meltdown Monday 2
The $700 billion bail-out to save the global financial system from potential collapse has been rejected by US politicians.
By Robert WinnettLast Updated: 1:34AM BST 30 Sep 2008

U.S. stocks plunge as House votes against bailout

U.S. stocks plunge as House votes against bailout
By MICHAEL M. GRYNBAUM
Shares dropped suddenly on Monday afternoon after the bailout plan being voted on by the House failed to pass. A second attempt to pass the bill was expected.

Fed Gives Banks Extra Help; Stocks Plummet

Fed Gives Banks Extra Help; Stocks Plummet
Along With European Central Banks, Federal Reserve Makes More Money Available; Dow Drops 300 Points
WASHINGTON, Sept. 29, 2008

US lawmakers publish rescue deal

US lawmakers publish rescue deal
House Speaker Nancy Pelosi announces bail-out package
US politicians have announced a $700bn deal to rescue America's financial system and end the credit crunch.

We Have the Money

If Only We Didn't Waste It on the Defense Budget
By Chalmers Johnson

US banking crisis: midnight delivers the $700bn deal: half now, half later

From The Times
September 29, 2008
US banking crisis: midnight delivers the $700bn deal: half now, half later
It looked as if the American bank bailout might fail, but presidential phone calls, persistence and pizza saved the day

Transparency International: Corruption in Israel worse

Transparency International: Corruption in Israel worse
Israel fell to 33rd place out of 180 countries in the 2008 Corruption Perceptions Index.
Stella Korin-Lieber
23 Sep 08 13:09

Netanyahu: We must prepare for a severe slowdown

Netanyahu: We must prepare for a severe slowdown
"We must cut taxes, implement economic reforms, and streamline government work."
Globes' correspondent
25 Sep 08 18:57

The Canadian Solution

Tragedy in the Making in Washington and on Wall Street
By Rodrigue Tremblay

Google launches Hebrew translation service

Google launches Hebrew translation service
The new software supports translations of texts from 30 languages including Hebrew.
Tzahi Hoffman

28 Sep 08 18:15

Saturday, 27 September 2008

Friday, 26 September 2008

The Islamization of East Jerusalem

The Islamization of East Jerusalem
In Arab East Jerusalem, Islamist groups are gaining more of a foothold through charity, such as free iftar meals during Ramadan, opening schools, and offering services.
By Ilene R. Prusher Staff writer of The Christian Science Monitor
from the September 26, 2008 edition

Why are Iranian Wives Murdering Their Husbands?

Why are Iranian Wives Murdering Their Husbands?
September 24 -- Radio Farda's weekly program on women's issues, "The Other Voice" investigates the increasing number of cases involving wives who kill their husbands.

As Crime Increases in Kabul, So Does Nostalgia for Taliban

KABUL -- Mirza Kunduzai, 58, a slight man with a short white goatee, had almost reached his house after a day of trading in the capital's open-air currency market when his taxi was forced to stop by six heavily armed men dressed in Afghan National Army uniforms.
(By Pamela Constable, The Washington Post)

Drinking at the Public Fountain

The New Corporate Threat to Our Water Supplies
By Alan Snitow and Deborah Kaufman

Thursday, 25 September 2008

Visible Hands

by Irwin Stelzer
The surrender of free-market capitalism.
Post Date Wednesday, October 08, 2008

The Wrong Emergency

by Roger Lowenstein
What Washington doesn't understand about the financial crisis.
Post Date Tuesday, September 23, 2008

Chávez Trumpets Deals With China

Chávez Trumpets Deals With China
Chávez wrapped up a three-day visit to China, promising to triple oil exports to China and receiving a pledge for more loans.

Wednesday, 24 September 2008

PAUL KRUGMAN: Cash for Trash

PAUL KRUGMAN: Cash for Trash
Some skeptics are calling Henry Paulson's $700 billion rescue plan for the U.S. financial system "cash for trash." Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq.

Monday, 22 September 2008

Bank of China buys into Rothschild bank

Bank of China buys into Rothschild bank
BANK of China said yesterday it will buy a 20 percent stake in La Compagnie Financiere Edmond de Rothschild for 236.3 million euros (US$340 million) and the two will develop private banking and asset-management services.

Merkel Says Washington Helped Drag Europe into the Credit Crisis

Merkel Says Washington Helped Drag Europe into the Credit Crisis
Response to Washington's multibillion-dollar Wall Street bailout has involved a lot of skeptical grumbling in Germany and the UK. German Chancellor Angela Merkel says the Bush administration has mishandled Wall Street, and that its refusal to adopt stricter rules led to the current crisis.

Analysts see crisis lasting another year

Analysts see crisis lasting another year
54% of analysts believe that the financial crisis will only end during the second half of 2009.
Efrat Peretz-Harpaz 22 Sep 08 11:57

Russian navy ships head to Venezuela

Russian navy ships head to Venezuela
Joint maneuvers come amid increasingly strained relations with Washington

Big Financiers Start Lobbying for Wider Aid

Big Financiers Start Lobbying for Wider Aid
By JENNY ANDERSON, VIKAS BAJAJ and LESLIE WAYNE
Published: September 21, 2008

«Madame Figaro» fait peau neuve en Chine

«Madame Figaro» fait peau neuve en Chine
De notre correspondant à Pékin, Arnaud de La Grange
22/09/2008 Mise à jour : 08:04

Worried bankers tempted to teach

Worried bankers tempted to teach
A recruitment drive for teaching is targeting worried financial workers
Anxious bankers fearing their jobs are under threat are to be targeted as potential recruits by England's teacher training agency.

Olmert offers formal resignation

Olmert offers formal resignation
Israeli Prime Minister Ehud Olmert addresses the Israeli Cabinet
Israeli Prime Minister Ehud Olmert has submitted his resignation letter to the country's President, Shimon Peres.

Berlusconi gibt Alitalia verloren

Berlusconi gibt Alitalia verloren
Italiens Ministerpräsident Berlusconi gibt der angeschlagenen Fluggesellschaft Alitalia keine Chance mehr. Ausländische Investoren hätten kein Interesse an einem Rettungsversuch, sagte er in einem Fernsehinterview.

Les combats se durcissent au Nord-Kivu

République démocratique du Congo
Les combats se durcissent au Nord-Kivu
par RFI
Article publié le 21/09/2008 Dernière mise à jour le 21/09/2008 à 14:03 TU

Un giro copernicano en la Casa Blanca

Al margen de la semana
Un giro copernicano en la Casa Blanca
Por Jorge Oviedo

Domingo 21 de setiembre de 2008

Argentina contra el mundo

Argentina contra el mundo
Por Joaquín Morales Solá De la Redacción de LA NACION
Domingo 21 de setiembre de 2008

Mindestens 60 Tote bei verheerendem Anschlag auf Hotel in Islamabad

Mindestens 60 Tote bei verheerendem Anschlag auf Hotel in Islamabad
Grauen und Entsetzen in Islamabad: Nach einem brutalen Selbstmordattentat kämpfen Helfer fieberhaft um die Rettung Überlebender in den Trümmern des Marriott-Hotels. Mindestens 60 Menschen wurden bei dem Anschlag getötet, Hunderte weitere verletzt - darunter mehrere Deutsche.

Saturday, 20 September 2008

Alitalia airline cancels flights

Alitalia cancels a number of flights from Rome's Fiumicino airport, increasing fears that it may soon go into liquidation.

'China repression grows', says US

The repression of religious freedom in some parts of China has intensified over the past year, a US report says.

'All-out effort' for China babies'All-out effort' for China babies

The Chinese cabinet orders an all-out effort to save babies made ill by contaminated milk products.

Financial Bailout: America's Own Kleptocracy

Financial Bailout: America's Own Kleptocracy
The largest transformation of America's financial system since the Great Depression
by Michael Hudson

Saudi Arabian idol

Saudi Arabian idol
Women in Saudi Arabia feel connected to Oprah, an American star who speaks openly about taboo topics.

A crisis too complex for easy fixes

A crisis too complex for easy fixes
By NELSON D. SCHWARTZ
Many of the players in the Wall Street crisis did not fully understand the investments their own firms were making.