Toxic Plans for Toxic Assets

Toxic Plans for Toxic Assets - by Stephen LendmanExit Paulson, enter Geithner with the latest "no banker left behind plan" - aka whatever Wall Street wants, Wall Street gets. Yet, the reception was underwhelming. The Dow plummeted 382 points while investors took shelter in bonds and gold. AP reported that "the new bank rescue plan... Continue Reading →

A Short History of US Government Handouts

A Short History of US Government Handouts - by Stephen LendmanGlobal economies are withering while Washington conceives "Financial Recovery Plan(s) from Hell," according to economist Michael Hudson in his latest February 11 article. Bankers demand more trillions, "or (they'll) plunge the economy into financial crisis." What they want they'll get, and here's where things now... Continue Reading →

Obama’s “War on Terror”

Obama's "War on Terror" - by Stephen LendmanThe language is softened and deceptive. The strategy and tactics are not. The "war on terror" continues. Promised change is talk, not policy. Just look at Obama's "war cabinet," discussed in an earlier article. It assures:-- the "strongest military on the planet" by outspending all other countries combined;--... Continue Reading →

A New Administration, Tired Old Policies

A New Administration, Tired Old Policies - by Stephen LendmanIn Part I of his year-end analysis, money manager and market strategist Jeremy Grantham assessed the global economic crisis:"Greed + Incompetence + A Belief in Market Efficiency = Disaster. Greed and reckless overconfidence on the part of almost everyone caused (risk avoidance) to a degree that... Continue Reading →

Competing Ideologies: Davos v. Belem

Competing Ideologies: Davos v. Belem - by Stephen LendmanFounded in 1971, the Geneva-based World Economic Forum (WEF) meets annually in Davos, Switzerland to bring together top business and political leaders as well as mostly neoliberal minded intellectuals, economists, journalists, and others. WEF calls itself "an independent international organization committed to improving the state of the... Continue Reading →

Ceasefires, Israeli-Style

Ceasefires, Israeli-Style - by Stephen LendmanWaging war while talking peace is customary Israeli practice. On January 19, Haaretz headlined: "Israel declares unilateral cease-fire. The security cabinet last night authorized a unilateral cease-fire (to take effect) at 2AM (Sunday morning), ending three weeks of intense fighting."Declaration notwithstanding, nothing changed. Gaza remains occupied, under siege, and totally... Continue Reading →

Bashing Venezuelan Democracy

Bashing Venezuelan Democracy - by Stephen LendmanIn November/December 2006, Fairness and Accuracy in Reporting's (FAIR) Steve Rendall explained that "Hugo Chavez never had a chance with the US press." It's been a constant since his December 1998 election, and hasn't let up to this day, with language all too familiar:-- a "would-be-dictator;-- an autocratic demagogue;--... Continue Reading →

Israel Killed Everything but the Will to Resist

Israel Killed Everything but the Will to Resist - by Stephen Lendman" 'Freedom or death', is the popular Palestinian mantra," wrote Palestine Chronicle Editor-in-Chief Ramzy Baroud in his January 22 article titled "Breaking Gaza's Will: Israel's Enduring Fantasy."Three weeks of Israeli terror caused about 1400 deaths, over 5500 injured (many seriously), vast destruction throughout Gaza,... Continue Reading →

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