Dear Readers
I am still on travel and will be out of commission for the next day or so. Will resume posting for a few
hours Monday morning, but then will be on air travel for a substantial portion of the rest of the day.
Stay tuned.
Michele Kearney
Sunday, July 31, 2011
Turning Japanese The absence of leadership in the West is frightening—and also rather familiar
Turning Japanese
The absence of leadership in the West is frightening—and also rather familiar
Robert Fisk: The Arab world's dictators cling on, but for how long?
Robert Fisk: The Arab world's dictators cling on, but for how long?
George Jonas: If cars use less oil, we can say farewell to OPEC
George Jonas: If cars use less oil, we can say farewell to OPEC
The Truth About Chinese Threats To Dump US Debt
The Truth About Chinese Threats To Dump US Debt
The Great Recession in the US Is Worse Than We Were Previously Told
The Great Recession in the US Is Worse Than We Were Previously Told
Who Owns US Treasury Debt?
Who Owns US Treasury Debt?
Behind Norway’s Kristallnacht from Dissident Voice by Eric Walberg
Evilism: There Is No Lesser from Dissident Voice by Kim Petersen
Evilism: There Is No Lesser
from Dissident Voice by Kim Petersen
At the beginning of his essay, “Ron Paul’s Challenge to the Left,” John Walsh writes, “On the question of war and empire, the Republican presidential candidates from Romney to Bachmann are clones of Obama, just as surely as Obama is a clone of Bush.” Hence the contention of my title, there is little substantive difference between the Republicans and Democrats; they are both corporate dominated and controlled parties. As futile as lesser evilism is, it is also futile to talk about there being a lesser evilism between the two utterly dominant political parties in the United States.1Walsh argues there is a difference: “Rep. Ron Paul (R, TX) the only contender who is a consistent, principled anti-interventionist, opposed to overseas Empire, and a staunch defender of our civil liberties so imperiled since 9/11.” His argument is that because Ron Paul is anti-war that the Left should embrace his candidature, and he views it as a challenge to the Left.2
Ron Paul’s Challenge to the Left from Dissident Voice by John V. Walsh
Ron Paul’s Challenge to the Left
from Dissident Voice by John V. WalshOn the question of war and empire, the Republican presidential candidates from Romney to Bachmann are clones of Obama, just as surely as Obama is a clone of Bush.
There is, however, one exception, Rep. Ron Paul (R, TX) the only contender who is a consistent, principled anti-interventionist, opposed to overseas Empire, and a staunch defender of our civil liberties so imperiled since 9/11. These are not newfound positions for Paul, come upon along the campaign trail or via a focus group, but long standing convictions, rooted in libertarian principles and verified by countless votes in the House and speeches on the Floor. You can take them to the proverbial bank. Nothing approaching this phenomenon has been seen in a major party since George McGovern. And even McGovern did not identify, let alone oppose, the U.S. as an Empire.
Paul must be taken seriously; he is not a candidate without real prospects. In New Hampshire, he is running third in the Republican race behind the chameleonic Romney and the looney Bachmann. And in the latest national Rasmussen poll, Dr. Paul runs 37% to 41% against Obama, clearly within striking distance of victory. Interestingly when Paul is put up against Obama, as opposed to others, the percentage choosing Obama drops. Paul has money from his grass roots “money bomb” fundraising and he has an enthusiastic base, especially among the under 30 set.
Obama unveils new car efficiency standards
Obama unveils new car efficiency standards
US President Barack Obama on Friday unveiled a new deal with automakers on fuel economy standards that he said would be a crucial step towards reducing US dependence on foreign oil.
Analysis: the debt deal and you
Analysis: the debt deal and you
20 things that could happen if no debt deal is reached
By RICHARD S. DUNHAM WASHINGTON BUREAU
Dennis Blair rips Obama White House
Dennis Blair rips Obama White House
Saturday, July 30, 2011
An Economy at Stall Speed By John Mauldin
An Economy at Stall Speed
By John Mauldin
“Is Standard and Poor’s Manipulating US Debt Rating to Escape Liability for the Mortgage Crisis?”
Analysis: Debt mess shows Washington's awful side
Analysis: Debt mess shows Washington's awful side
By BEN FELLER, AP White House Correspondent
Still True Today: Frequently Forgotten Facts of the Debt Debate By Michael Grunwald
Still True Today: Frequently Forgotten Facts of the Debt Debate
Read more: http://swampland.time.com/2011/07/27/still-true-today-frequently-forgotten-facts-of-the-debt-debate/#ixzz1TcgYHFvx
Friday, July 29, 2011
President Obama's Statement on Debt Negotiations
President Obama's Statement on Debt Negotiations
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Third Way Document Proves Democratic Party Supports Institutionalized Looting by Banks
Third Way Document Proves Democratic Party Supports Institutionalized Looting by Banks
It is one thing to suspect that something is rotten in Denmark, quite another to have proof. Ever since Obama appointed his Rubinite economics team, it was blindingly obvious that he was aligning himself with Wall Street. The strength of the connection became even more evident in March 2009, when Team Obama embarked on its “stress test” charade and bank stock cheerleading. Rather than bring vested banking interests to heel, the administration instead chose to reconstitute, as much as possible, the very same industry whose reckless pursuit of profit had thrown the world economy off the cliff.But now we see evidence in a new paper by the think tank Third Way of an even deeper commitment to pro-financier policies. The Democratic party has made clear that it supports institutionalized looting by banks, via the innocuous-seemeing device of rejecting the idea of writedowns on bonds they hold.
http://www.nakedcapitalism.com/2011/07/third-way-document-proves-democratic-party-supports-institutionalized-looting-by-banks.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29
O.K., Smart Guys: Fix the Energy Problem
O.K., Smart Guys: Fix the Energy Problem
How should the U.S. solve its energy problems? The experts brainstorm
What’s Love Got to Do With It?
What’s Love Got to Do With It?
The U.S.’s decision to withhold $800 million in military assistance to Pakistan further sours the AmPak relationship.
By Shuja Nawaz | From the July 22‚ 2011‚ issue
Anomalies at area 51 and S-4
Anomalies at area 51 and S-4
http://www.darkgovernment.com/ news/anomalies-at-area-51-and- s-4/
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filename=http://w2aiq. servebbs.com/wp-content/ uploads/2011/07/area51-s4- craft.flv
http://www.darkgovernment.com/
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US Debt Debate Annihilating Democracy with the Tea Party
US Debt Debate
Annihilating Democracy with the Tea Party
A Commentary by Gregor Peter Schmitz in Washington
Arabs look to Turkey, not Iran, says poll
Arabs look to Turkey, not Iran, says poll
Book Review 'Age of Greed' By JEFF MADRICK, NYT
'Age of Greed'
By JEFF MADRICK
Reviewed by SEBASTIAN MALLABY
Jeff Madrick traces the regulatory and cultural changes that led to the country's current financial trouble.
Joe Conason on the Danger of an American Downgrade
Joe Conason on the Danger of an American Downgrade
"Why China Is Laughing All the Way to the Bank" -- A downgrading of U.S. Treasury securities will mean enormous and completely unnecessary increases in our interest payments to the nation's largest creditor-and our most important competitor in the international arena.
http://www.truthdig.com/ report/item/why_china_is_ laughing_all_the_way_to_the_ bank_20110729/
"Why China Is Laughing All the Way to the Bank" -- A downgrading of U.S. Treasury securities will mean enormous and completely unnecessary increases in our interest payments to the nation's largest creditor-and our most important competitor in the international arena.
http://www.truthdig.com/
Venture Capitalists' Confidence Falls in Silicon Valley and China
Venture Capitalists' Confidence Falls in Silicon Valley and China
Mexico Becoming a New Manufacturing World Hub in the Aerospace Market
Mexico Becoming a New Manufacturing World Hub in the Aerospace Market
PR Newswire
MEXICO CITY, July 28, 2011
World Politics Review Media Roundup: 29 Jul 2011
Media Roundup: 29 Jul 2011
Chavez Opponents See an Opportunity
By: Juan Forero | The Washington PostChavez's adversaries sense that they may be in a position to get the upper hand in next year's presidential election.
Bahrain Reform Proposals Fail to Win Over Opposition
By: ANDREW HAMMOND | ReutersProposals for a stronger lower house of parliament in Bahrain after the suppression of pro-democracy unrest give it more powers of scrutiny but not to pass legislation, preserving the dominance of an upper house appointed by the royal elite.
U.S. Should Not Retreat From the Hemisphere
By: BILL RICHARDSON | Miami HeraldJust two months ago, I joined a delegation of 70 international observers in Lima to ensure a free and fair presidential election run-off in Peru. The electoral process worked, and our neighbors to the south are completing a peaceful transition of power.
More News
- Top Libyan Rebel Commander Killed Amid Spying Allegations
By: Suliman al Zway and Osama al Fitory | McClatchy Newspapers
- U.S. Sees Iran, al Qaeda Alliance
By: JAY SOLOMON | The Wall Street Journal
- Suicide Bombers, Gunmen Attack Afghan Provincial Capital
By: Laura King | Los Angeles Times
- Despite Its Turmoil, Syria Still Looks Like an Oasis to Iraqis
By: TIM ARANGO | The New York Times
- Bomb Blast Hits Oil Pipeline in Western Syria
By: ZEINA KARAM | The Associated Press
- India's Anticorruption Campaign Tainted by Scandal
By: Aarti Betigeri | The Christian Science Monitor
- India to Press Pakistan on Fugitives
By: Amir Mir | Asia Times
- Gazprom's Inroads Highlight EU's Energy Policy Woes
By: Matthew Hulbert | World Politics Review
- UK Boost for Bolivian Battle Against Cocaine Production
By: Mattia Cabitza | BBC
- African Nations Look to U.S. for Model of Democracy
By: Ben Birnbaum | The Washington Times
- Zapatero Calls Early Spanish Elections as Support Wanes
By: Emma Ross-Thomas | Bloomberg News
- Somalia Militants Bedevil Famine Relief
By: CHRISTOPHER RHOADS AND MUSTAFA HAJI ABDI | The Wall Street Journal
- World's Biggest Refugee Camp Extended as Somalis Flood In
By: Katy Migiro | Reuters
- Ollanta Humala Sworn in as Peru President
By: Jim Wyss | McClatchy Newspapers
- Clearing Mines With Nerves of Steel
By: David Zucchino | Los Angeles Times
- In Baring Facts of Train Crash, Blogs Erode China Censorship
By: MICHAEL WINES and SHARON LaFRANIERE | The New York Times
- Egypt Islamists Lead Cairo 'Unity' Rally
Agence France-Presse
- Ex-Counterterrorism Aide Warns Against Complacency on Al Qaeda
Libya years away from oil recovery
Libya years away from oil recovery Libyan oil production will take years, not months, to return to full capacity once a political solution to the conflict is found, according to Barclays Capital. “The reincorporation of Libyan oil into the world market increasingly seems a distant possibility” according to the study, which warns of a lasting political vacuum after the potential fall of the Gaddafi regime. Libya is Africa’s third largest oil-producer but in the five months since the civil war, crude production has dropped from 1.6 million barrels per day to less than 100,000 b/d. Domestic consumption is estimated at 270,000 b/d, but over 85% of …
http://link.ft.com/r/0QSDPP/ GDYBS5/RNF1Y5/7204MF/MSSHMH/ B7/h?a1=2011&a2=7&a3=29
http://link.ft.com/r/0QSDPP/
The Chart That Should Accompany All Discussions of the Debt Ceiling
The Atlantic - http://www.theatlantic.com/ politics/archive/2011/07/the- chart-that-should-accompany- all-discussions-of-the-debt- ceiling/242484/
Jul 25 2011
By James Fallows
Jul 25 2011
By James Fallows
The Chart That Should Accompany All Discussions of the Debt Ceiling
DOD Space Program Broadens Industry, Foreign Partnerships
DOD Space Program Broadens Industry, Foreign Partnerships
Washington DC (AFNS) Jul 21, 2011 - The Defense Department is expanding partnerships with spacefaring companies and nations to maintain the strategic advantage it gains in space, the deputy assistant secretary of defense for space policy has said. Speaking with reporters from the Defense Writers Group here, Ambassador Gregory L. Schulte said NASA's final space shuttle flight this week represents "a time of transition" for th ... more
Washington DC (AFNS) Jul 21, 2011 - The Defense Department is expanding partnerships with spacefaring companies and nations to maintain the strategic advantage it gains in space, the deputy assistant secretary of defense for space policy has said. Speaking with reporters from the Defense Writers Group here, Ambassador Gregory L. Schulte said NASA's final space shuttle flight this week represents "a time of transition" for th ... more
Top of the Agenda: Libyan Rebel Chief Killed from the CFR
Top of the Agenda: Libyan Rebel Chief Killed
The head military commander of the Libyan rebel movement, Gen. Abdul Fattah Younes, was assassinated Thursday, triggering violence and fueling fears (NYT) that a tribal feud could erupt and undermine efforts by the rebels to overthrow embattled Libyan leader Muammar al-Qaddafi. A former interior minister for Qaddafi, Younes defected (BBC) and joined the rebel uprising in February, though rumors have circulated that he maintains ties with Qaddafi.
Younes was killed before he could appear before a judicial inquiry over alleged ties (al-Jazeera) to the Qaddafi regime. Mustafa Abdul Jalil, head of the rebel National Transitional Council (NTC), said Younes had been summoned over a "military matter." He added that rebel security had arrested the head of the group behind the murders, but had not located the bodies.
The NTC could face internal strains at a time when the United States and other Western nations have recognized the council as the legitimate governing authority of Libya. Younes' death came as rebel forces in the Western mountains (WashPost) -- supported by NATO intelligence -- moved closer to descending on the capital of Tripoli.
Analysis:
The Younes assassination is bad news for Western governments that have just taken the step of recognizing the rebel Transitional National Council (TNC) as the sole legitimate representative of the Libyan people, says the Economist.
http://mm.cfr.org/webview/91f751?fe=1&pact=4607618717
Former Intel Chief: Call Off The Drone War (And Maybe the Whole War on Terror)
http://www.wired.com/ dangerroom/2011/07/call-off- the-drone-war/
Former Intel Chief: Call Off The Drone War (And Maybe the Whole War on Terror)
- By Noah Shachtman
- July 28, 2011 |
- 9:48 pm
Sad and amazing photographs of Afghanistan
http://www.foreignpolicy.com/ articles/2011/07/25/the_war_ in_hipstamatic
Sad and amazing photograph
Sad and amazing photograph s of Afghanista n
Ian Bremmer: Don’t start wars you don’t know how to end
Ian Bremmer: Don’t start wars you don’t know how to end The Saudis and Iranians don’t agree on much, but they do share a deep dislike for Muammer Gaddafi. In fact, outside of Venezuela’s President Hugo Chávez, there really is no one in the international community who does. That is why it was so easy to build international support for a Nato bid to push him from power.
The trouble is that, unless it gets exceptionally lucky, Nato is unlikely to either force Col Gaddafi from his stronghold or cut a politically saleable deal with him anytime soon. Meanwhile, the opposition are making little progress, a fact now worsened by the death of their military leader, Abdel Fattah Younis, who defected from Col Gaddafi in February. The most likely outcome remains a country in pieces, with substantial volumes of crude oil offline for at least the new few months.
http://link.ft.com/r/BLH300/ EXKTUY/18GC39/3OGZEJ/YBB7UI/ UP/h?a1=2011&a2=7&a3=29
The trouble is that, unless it gets exceptionally lucky, Nato is unlikely to either force Col Gaddafi from his stronghold or cut a politically saleable deal with him anytime soon. Meanwhile, the opposition are making little progress, a fact now worsened by the death of their military leader, Abdel Fattah Younis, who defected from Col Gaddafi in February. The most likely outcome remains a country in pieces, with substantial volumes of crude oil offline for at least the new few months.
http://link.ft.com/r/BLH300/
US economy grows by 1.3%
US economy grows by 1.3% The US economy grew at a dismal annualised rate of 1.3 per cent in the second quarter, towards the bottom of the range of already weak expectations.
The figures confirm the depths of the spring economic slowdown in the US and raise questions about whether the country can achieve a widely expected recovery in the second half.
http://link.ft.com/r/9ULF66/ 97M3GL/ZBHOFE/FX5QLZ/5VVD6I/ T3/h?a1=2011&a2=7&a3=29
The figures confirm the depths of the spring economic slowdown in the US and raise questions about whether the country can achieve a widely expected recovery in the second half.
http://link.ft.com/r/9ULF66/
Moody’s puts Spain on review for downgrade
Moody’s puts Spain on review for downgrade Moody’s rating agency has put Spain on review for possible downgrade, increasing pressure on a government already struggling to fix its finances.
The agency said the terms of the Greece package were a key driver of its decision, as the agreement, which included private sector participation, “has signalled a clear shift in risk for bondholders.”
Moody’s last changed Spain’s rating in March 2010 when it downgraded the country’s sovereign debt to Aa2, three months after putting the then Aa1 rating on review for possible downgrade.
http://link.ft.com/r/OZMCDD/ C4WUB2/40OA1R/ZBL0WG/DWWR31/ D5/h?a1=2011&a2=7&a3=29
The agency said the terms of the Greece package were a key driver of its decision, as the agreement, which included private sector participation, “has signalled a clear shift in risk for bondholders.”
Moody’s last changed Spain’s rating in March 2010 when it downgraded the country’s sovereign debt to Aa2, three months after putting the then Aa1 rating on review for possible downgrade.
http://link.ft.com/r/OZMCDD/
Beware of perceived safe havens
Beware of perceived safe havens By favouring triple A government debt, regulators are increasing the risks throughout the financial system and in sovereign bonds
http://link.ft.com/r/4RNQTT/ 16OYN2/UUPHQX/0GTC2E/HYYRFN/ LE/h?a1=2011&a2=7&a3=29
http://link.ft.com/r/4RNQTT/
The euro is still far from out of danger
The euro is still far from out of danger After the latest Greek rescue, the chances of a federal solution are much higher – but muddling through is still in the lead, writes Samuel Brittan
http://link.ft.com/r/4RNQTT/ 16OYN2/UUPHQX/0GTC2E/ZGG2A6/ LE/h?a1=2011&a2=7&a3=29
http://link.ft.com/r/4RNQTT/
Eight lessons of the Arab spring
Eight lessons of the Arab spring With Ramadan about to start, youth movements intend to escalate their campaigns for freedom – but the price of dismantling decades of autocratic rule is proving high
http://link.ft.com/r/R5WAEE/ WTH5QK/D45D0H/A72X9Y/IIIFJV/ AZ/h?a1=2011&a2=7&a3=29
http://link.ft.com/r/R5WAEE/
New Global Rules for Sensitive Nuclear Trade
Mark Hibbs Nuclear Energy Brief, July 28, 2011Why We Need a National Manufacturing Technology Strategy
http://www.technologyreview.com/business/37958/?nlid=nlbus&nld=2011-07-29
Why We Need a National Manufacturing Technology Strategy
The nation's economic health depends on a federal plan to support the revival of advanced manufacturing, says the president of a Washington-based think tank.
- Wednesday, July 27, 2011
- By Robert D. Atkinson
Data Show Weaknesses, Strengths in U.S. Manufacturing
Data Show Weaknesses, Strengths in U.S. Manufacturing
by David Rotman
Jobs and exports are weak, but productivity may be on the rise.
Read More »
by David Rotman
Jobs and exports are weak, but productivity may be on the rise.
Read More »
Thursday, July 28, 2011
Getting Away With Torture: The Ill Treatment of Detainees
Getting Away With Torture: The Ill Treatment of Detainees
Stephen Rohde, Truthout: "In a new comprehensive 107-page report entitled 'Getting Away with Torture: The Bush Administration and Mistreatment of Detainees,' Human Rights Watch (HRW) concludes that 'there is sufficient basis for the U.S. government to order a broad criminal investigation into alleged crimes committed in connection with the torture and ill-treatment of detainees, the CIA secret detention program, and the rendition of detainees to torture' focusing on alleged criminal conduct by 'former President George W. Bush, Vice President Dick Cheney, Defense Secretary Donald Rumsfeld, and CIA Director George Tenet.'"
Read the Article
Stephen Rohde, Truthout: "In a new comprehensive 107-page report entitled 'Getting Away with Torture: The Bush Administration and Mistreatment of Detainees,' Human Rights Watch (HRW) concludes that 'there is sufficient basis for the U.S. government to order a broad criminal investigation into alleged crimes committed in connection with the torture and ill-treatment of detainees, the CIA secret detention program, and the rendition of detainees to torture' focusing on alleged criminal conduct by 'former President George W. Bush, Vice President Dick Cheney, Defense Secretary Donald Rumsfeld, and CIA Director George Tenet.'"
Read the Article
America Held Hostage to Two-Party Failure: Government of, by and for the Corporations
America Held Hostage to Two-Party Failure: Government of, by and for the Corporations
Michele Swenson, Truthout: "Washington rhetoric waxes Orwellian in proportion to inside-the-Beltway disconnect around cause and effect of the US economic crisis. Ranging from the Ryan Budget - 'kill Medicare to save it' - and some Democrats - 'cut Medicare and Social Security to save them' - to claims that deficit reduction (not jobs) is 'what the people want,' to the 'greed is good' creed that assigns entitlements in the form of taxpayer bailouts to wealthy financial institutions that take for granted the ability to shift risk for their liar's loans and speculative transactions."
Read the Article
Michele Swenson, Truthout: "Washington rhetoric waxes Orwellian in proportion to inside-the-Beltway disconnect around cause and effect of the US economic crisis. Ranging from the Ryan Budget - 'kill Medicare to save it' - and some Democrats - 'cut Medicare and Social Security to save them' - to claims that deficit reduction (not jobs) is 'what the people want,' to the 'greed is good' creed that assigns entitlements in the form of taxpayer bailouts to wealthy financial institutions that take for granted the ability to shift risk for their liar's loans and speculative transactions."
Read the Article
Lest we forget:
“The fact that we are here today to debate raising
America ’s debt limit is a sign of leadership failure. It
is a sign that the US Government cannot pay its own
bills. It is a sign that we now depend on ongoing
financial assistance from foreign countries to finance
our Government’s reckless fiscal policies. Increasing
America’s debt weakens us domestically and
internationally. Leadership means that ‘the buck stops
here.' Instead, Washington is shifting the burden of
bad choices today onto the backs of our children and
grandchildren. America has a debt problem and a
failure of leadership. Americans deserve better.”
Senator Barack Hussein Obama, March 2006
US debt crisis deepens ahead of vote
US debt crisis deepens ahead of vote Traders and investors sell down their holdings on the back of continued political brinkmanship as Wall Street writes to Obama over the dangers of a default or downgrade
http://link.ft.com/r/19JYUU/ YBG4U9/FXWIVG/PR9UR0/IIIRK7/ 7V/h?a1=2011&a2=7&a3=28
http://link.ft.com/r/19JYUU/
Five questions for the Fed and Treasury
Five questions for the Fed and Treasury There are a host of more technical issues hanging over the markets beyond what payments the government could make a priority
http://link.ft.com/r/19JYUU/ YBG4U9/FXWIVG/PR9UR0/GDDSW0/ 7V/h?a1=2011&a2=7&a3=28
http://link.ft.com/r/19JYUU/
Investors lose patience with US debt standoff
Poll: Sharp drop in Iran's popularity in Arab world
- Published 21:09 27.07.11 - http://www.haaretz.com/news/
middle-east/poll-sharp-drop- in-iran-s-popularity-in-arab- world-1.375617
Poll: Sharp drop in Iran's popularity in Arab world
New poll by the Arab American Institute shows Arab public in Egypt, Saudi Arabia, Jordan, Morocco, and UAE sees Iran's role in the region as mostly negative.
By Natasha MozgovayaUS military officials in Iraq warn of growing Iranian threat
http://www.csmonitor.com/ World/Middle-East/2011/0727/ US-military-officials-in-Iraq- warn-of-growing-Iranian-threat
US military officials in Iraq warn of growing Iranian threat
American military officials say the upcoming US withdrawal has emboldened Iranian-backed militias, which they blame for recent deadly attacks and allege are stockpiling weapons.
Patent hunting is latest game on tech bubble circuit
Patent hunting is latest game on tech bubble circuit You could call it the Great Patent Bubble of 2011, as the favourite game in tech circles this month has been to find the next big chest of buried gold
http://link.ft.com/r/73UJGG/ JEQ14V/GKXE28/NSEFNB/97742S/ ZH/h?a1=2011&a2=7&a3=28
http://link.ft.com/r/73UJGG/
Don’t put faith in voodoo tax cuts
Don’t put faith in voodoo tax cuts Economics is not religion. There are few absolutes. But it is a general truth that tax cuts do not lead to higher revenues, writes Chris Giles
http://link.ft.com/r/73UJGG/ JEQ14V/GKXE28/NSEFNB/HYYQW4/ ZH/h?a1=2011&a2=7&a3=28
http://link.ft.com/r/73UJGG/
America’s turbulent jobs flight By John Gapper
America’s turbulent jobs flight
By John Gapper
Executive pay: The trickle-up effect
Executive pay: The trickle-up effect Just as tax rises and public spending cuts eat into the stagnant incomes of ordinary employees, bosses' earnings are on the rise once more – eroding trust in business, writes Brian Groom
http://link.ft.com/r/2SRI11/ 7AZEGF/GKXE28/TPFLT2/PFFP9R/ VU/h?a1=2011&a2=7&a3=28
http://link.ft.com/r/2SRI11/
Robert Rubin: America’s success depends on a sound fiscal regime
Robert Rubin: America’s success depends on a sound fiscal regime Our country cannot afford politics as usual at a moment of such vital import for now and for the longer term. Many Americans have experienced great hardship since the recession began; unemployment has become long-term for large numbers, with potentially permanent damage through loss of skills; and current economic conditions could well remain stressed for an extended time due to the strong headwinds we face. Policy decisions can make a real, immediate difference to these conditions, for better or for worse.
http://link.ft.com/r/P75VYY/ DWXNMP/8A25BP/BMAWO4/5VV5EK/ XL/h?a1=2011&a2=7&a3=28
http://link.ft.com/r/P75VYY/
How America Could Collapse Matt Stoller, Nation
How America Could Collapse Matt Stoller, Nation
THE GREAT GULF COAST HOLOCAUST PART 3
THE GREAT GULF COAST HOLOCAUST
PART 3
PART 3
By Dave Hodges
July 25, 2011
NewsWithViews.com
July 25, 2011
NewsWithViews.com
Political language is designed to make lies sound truthful and murder respectable. -George Orwell
Big Brother Says “All is Well, Go Back to Sleep”
Energy subsidies cripple Pakistan economy, says study
Energy subsidies cripple Pakistan economy, says study Energy subsidies in Pakistan are contributing to “severe supply problems” according to a report from the country’s Petroleum Institute. Power consumption has grown by 80% over the last 15 years, but a failure to keep up with demand has led to crippling electricity shortfalls. Pakistan spent nearly $3.5 billion subsidising the power sector in the fiscal year ending in June, and the artificially low price of natural gas is creating a problem with supplies. Subsidies contribute to inflated demand and gas now accounts for over 45% of Pakistan’s domestic energy needs. The Institute warns that unless the government allows gas …
http://link.ft.com/r/0QSDPP/ U1LZ5D/OJS3XZ/408AM1/HYYJ6T/ 9A/h?a1=2011&a2=7&a3=28
http://link.ft.com/r/0QSDPP/
World Politics Review Media Roundup: 28 Jul 2011
Media Roundup: 28 Jul 2011
Shift in Europe Seen in Debate on Immigrants
By: NICHOLAS KULISH | The New York TimesLess than a week after the mass killings in Norway, evidence of a shift in the debate over Islam and the radical right in Europe already appeared to be taking hold on a traumatized Continent.
Somali Famine: Fighting in Mogadishu After Aid Delivery
BBCHeavy fighting has broken out in the Somali capital, Mogadishu, a day after the UN World Food Programme airlifted in its first famine emergency aid.
Exclusive: Eritrea Behind AU Summit Attack Plot: U.N. Report
By: David Clarke | ReutersEritrea was behind a plot to attack an African Union summit in Ethiopia in January and is bankrolling al Qaeda-linked Somali rebels through its embassy in Kenya, according to a UN report.
More News
- Report: 3,000 People Missing in Syrian Uprising
The Associated Press
- Latvia Facing Its Toughest Test Since 1991 In Upcoming Elections
By: Vladimir Socor | Eurasia Daily Monitor
- China's Banned Churches Defy Regime
By: BRIAN SPEGELE | The Wall Street Journal
- Guatemala Presidential Election Campaign Heats Up
By: Alex Renderos | Los Angeles Times
- U.S. Soldier Sentenced to Life in Prison for Afghan Civilian Murder
The Associated Press
- Iran's Image Plummets in Arab World, Poll Finds
By: Barbara Slavin | Inter Press Service
- UN's Iraq Mission Poised for Larger Role as U.S. Forces Withdraw
By: Bill Varner | Bloomberg News
- Russia Gives U.S. Warning on Magnitsky Case
By: Nikolaus von Twickel | The Moscow Times
- Before a Diplomatic Showdown, a Budget Crisis
By: ETHAN BRONNER | The New York Times
- Blasts Kill at Least 12 in Iraq's Tikrit: Official
By: Muhanad Mohammed and Suadad al-Salhy | Reuters
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By: Roy Gutman | McClatchy Newspapers
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By: GREGORY L. WHITE | The Wall Street Journal
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The Economist
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Today's Zaman
Top of the Agenda: Investor Fears Rise over U.S. Debt Crisis from the CFR
Top of the Agenda: Investor Fears Rise over U.S. Debt Crisis Investors are looking for alternatives (NYT) to U.S. Treasury bonds as Washington lawmakers remain deadlocked over a plan to raise the nation's $14.3 trillion debt ceiling just five days ahead of an August 2 deadline that could see the U.S. default. Institutional investors are increasingly concerned that if the U.S. defaults – or even has its AAA credit rating downgraded in the absence of a long-term deficit-reduction plan – the value of Treasury securities would plummet, prompting some to invest in a strengthening Swiss franc, and others in rapidly growing emerging markets like China. Following losses on Wall Street at the end of Wednesday, stocks in Europe and Asia (FT) fell sharply after markets opened Thursday. U.S. debt markets faced diminished foreign interest, as yields for insuring U.S. debt rose. While U.S. stock futures made small gains (WSJ) Thursday morning, markets remained focused on Washington's inability to resolve the debt standoff. After much wrangling by congressional Republicans, the House will likely vote Thursday on a two-step plan (Politico) to raise the debt ceiling, a bill that faces significant opposition in the Senate, and one that President Barack Obama has vowed to veto. The $2.5 trillion debt ceiling bill would prevent a default next week but threatens more conflict in six months. Analysis: Whereas a U.S. default triggered by a failure to raise the debt ceiling is the worst possible way to address the country's unsustainable deficits—causing borrowing rates to soar and hurting growth prospects—raising the debt ceiling without a credible deficit-cutting agreement still poses real risks of imminent market turmoil, explain these charts by CFR's Geo-Graphics. As partisan wrangling over the U.S. debt ceiling continues in Washington, fears are mounting that a default could trigger another global economic crisis. This CFR Issue Guide offers timely analysis on the global implications of the U.S. debt crisis. If linked to serious longer-term deficit reduction, a temporary stimulus could well be warranted to boost demand, writes CFR co-chairman and former Treasury secretary Robert Rubin in the Financial Times. |
Related articles
- On U.S. Debt, An Early-Warning Indicator Flashes Red (npr.org)
- US Crisis Watch:Thurs House Vote To Begin Debt Ceiling Endgame (forexlive.com)
- House GOP sets vote on revamped debt-limit bill (ctv.ca)
- The U.S. Debt Ceiling: The Countdown is On (community.tradeking.com)
- U.S. debt ceiling charade to dominate the week (tradingfloor.com)
- U.S. debt debate must be settled now, Geithner says (politicalticker.blogs.cnn.com)
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