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Today's
Stories
November 9,
2006
Jennifer Loewenstein
How
Gaza Offends Us All
Paul Craig Roberts
Will Democrats Become Part of the Problem?
November 8, 2006
Alexander Cockburn
/ Jeffrey St. Clair
Count
Your Blessings: NeoCons and NeoLibs Take Big Hit as Voters Say
No to Bush, War and Free Trade
Lawrence E.
Walsh
Robert Gates and Iran/Contra: Lies, Cover Ups and Slanted Intelligence
Bruce K. Gagnon
What's Next for the Peace Movement?: Confront the Democrats,
Now!
Neve Gordon
Anti-Semitism?
Mr. Dershowitz, You Just Don't Like What I Say
Dave Lindorff
Election Post-Mortem: What's Next?
Arthur Neslen
Another Tragic Day in Palestine
Joshua Frank
An Election Hangover: Thank God It's Over
James Goodman
The Corporate Food System is Broken
Charles Sullivan
Voting in the Absence of Choice
David Swanson
Subpoena Envy: The Dems Have the Power, But Will They Use It?
Missy Beattie
The Electorate Speaks and Barney Barks!
Dr. Susan Block
American Voters Say, "Bush Sucks!"
Website of the Day
Stealing Olive Groves from Palestinians
November 7,
2006
Michael Neumann
Cut
and Run from Iraq: Sooner Rather Than Later
Paul Wolf
Saddam Must Die: A Pre-Ordained Verdict
Nikolas Kozloff
In Nicaragua, a Chavez Wave?
Eliza Ernshire
The Women of Beit Hanoun
William S. Lind
The Smile on Saddam's Face: He's Tan, Rested and Ready
Mike Ferner
Pick a Number: Greater Than 47,615
Felice Pace
Pumping the Klamath Dry
Chris Genovali
The Problem with PBDEs: Why Canada's Proposed Ban Won't Protect
People or Wildlife
Gilad Atzmon
Watching Borat
Dick J. Reavis
Going to Class War with the Proletariat We Got ...
Elizabeth Weill-Greenberg
Lives (and Votes) Lost: the Ordeal of Larry Peterson
Website of
the Day
Magic Sam: a Sure Cure for the Election Day Blues
Question of the Day
Is Bush Gay?
November 6,
2006
Alexander Cockburn
The
Message of Campaign 2006
Norman Solomon
Saddam's
Unindicted Co-Conspirator: Donald Rumsfeld
Robert Fisk
A Guilty Verdict on America, as Well
Marjorie Cohn
The Banana Election: From Hanging Chads to Hanging Saddam
Paul Craig Roberts
The Goose and the Gander: Is Bush Next?
Nikolas Kozloff
Election Eve Jitters: the Chavez Factor
Newton Garver
The Progress in Bolivia: Morales' Stunning Victory Over Big Oil
Mike Whitney
Bush's Carnival of Blood
Jesse Hagopian
From the Black Panthers to the Green Party: an Interview with
Aaron Dixon
Dr. Peter Rost,
MD
The Genocide Election: When a Life Saving Industry Cheats, People
Die
Website of
the Day
Robert Pollin vs. Rick Wolff: Is Pomo Marxism Marxism?
November 4
/ 5, 2006
Dave Zirin
Political
Players: Where Athletes Give Their Money
Patrick Cockburn
When
Does Incompetence Become a Crime?
Sanho Tree
War
Timing and Opportunism
Ralph Nader
Failure
Across All Fronts
Lee Sustar
The Obama Myth
Dr. Shepherd Bliss
Torture Memories
Adam Elkus
Babies and Banks: Celebrity Colonialism in Africa
Seth Sandronsky
Is Another Recession Looming?
Fred Gardner
10 Years of Medical Pot in California: Dr. Mikuriya's Observations
Joshua Sperber
How the US Lost Latin America
Evelyn Pringle
Ohio Redux: Mr. Blackwell and the Henhouse
Mitchel Cohen
The Left and the Environment: Notes on the Ecological Dimension
Missy Beattie
The Medium is the Massage
Michael Dickinson
Watching the Guards: a Prison Diary
John Holt
The Silk Road to Ruin
Dr. Susan Block
The Beastly Bombing
Poets' Basement
LaMorticella, Engel, Orloski and Davies
November 3, 2006
Laura Carlsen
Day
of the Dead in Oaxaca
Stephan Said
Honoring Bradley Will
John Stauber
"Victory in Iraq:" The PR Machine Behind Bush's Favorite
Slogan
Mike Whitney
Baghdad is Surrounded
Joshua Frank
DNC Deja Vu
Victoria Furio
More Than Timetables
Tammara~85,441
They Say He is Coming Home
Stuart Croswaithe
Beatings and Sugar Plums: New Labor's War on the Kurds
Missy Beattie
Bush Shock
Website of
the Day
Howlin' Wolf
November 2, 2006
Winslow T.
Wheeler
The
US Body Count in Iraq: an Analysis of Who is Dying and How
Paul Craig
Roberts
Evil
is as Evil Does
Dave Lindorff
Kerry Out: the Joke's Still on Us
Uri Avnery
The
Lovable Man? Lieberman and the Decline of Israeli Democracy
Jeff Birkenstein
Smearing Harold Ford in Black Face
John Ross
Slave Labor in Private Prisons
Zoltan Grossman
Recharging the Anti-War Movement
Eveyln Pringle
The SEC's Probe of Halliburton: Is Cheney Being Fitted for a
Striped Jumpsuit?
Christopher
Brauchli
Drug Profits and PACs: Why Big Pharma Pushes the GOP
November 1,
2006
Alan Dershowitz
v. Bruce Jackson
On
Torture
Brian Tokar
Running
on Hype: the Real Scoop on Biofuels
Fred Leonhardt
Democrats,
Sex Crimes and the Press: the Goldschmidt Affair
Richard W.
Behan
Triumph
of the Petropublicans: Bush's Other Civil War
Brenda Norrell
Indigenous Opposition to the Border Wall
Charles Sullivan
Spoils of Corruption: Who Will Stand Up When America Goes Wrong?
Ron Jacobs
Hell is Rising in Oaxaca: interview with a Oaxacan Rebel
Mike Knapp
Green Stench in Minnesota: the Commissioner and the Hog Lot
Moshe Adler
The Temptations of a Union Boss: the Case of Brian McLaughlin
Walden Bello
Chain Gang Economics
Lee Ballinger
The Collapse of Hip Capitalism: How Tower Records Committed Suicide
Joshua Frank
Party in a Cage: Snake Oil and the Midterm Elections
Carl Gelderloos
Cheerleading the Massacre in Oaxaca: an Open Letter to the Washington
Post
Peter Rost,
MD
Panic
in Big Pharma
Saul Landau
Bush's
Anti-Terrorism Record: Don't Look Too Close
Website of the Day
The Meatrix
October 31, 2006
William S.
Lind
The
Third and Final Act: Iran
Stephen S.
Pearcy
Dem Candidate's Wife Urges Cindy Sheehan Not to Protest Iraq
War
Uri Avnery
Who's
Afraid of an Iranian Bomb?
Michael Colby
Corporations Win Again!: Bush Opens National Parks to Bio-Prospecting
Sunsara Taylor
A No-Win Election for Women
Ben Beachy
Targeting Nicaraguans' Stomachs: 11th Hour Election Meddling
by the US
Edward Humes
Nine Words: America's Disservice to Veterans
Roger Burbach
The Meaning of Lula's Victory in Brazil
Subcomandante Marcos
A Communique from the EZLN on Oaxaca
Niranjan Ramakrishnan
Funny Business in the Booth: Vote for James H. 'Jim'
Sharon Smith
Those
Damned Democrats
Website of
the Day
Parks Not for Sale
October 30,
2006
Robert Fisk
Dirty
Bombs Over Lebanon: Did Israel Use Uranium Weapons?
Bruce Jackson
Normalizing
Torture
Norman Solomon
I Was Wrong About Thomas Friedman, the World's Wealthiest Pundit
Lance Selfa
Liberal Doormats: Tread on Us
Ali Khan
The Veil and the British Male Elite
Lee Sustar
European Islamophobia: Fanning the Flames of Hate
Robert Jensen
The Death of Empathy
Akiva Eldar
Lieberman: Making Haider Look Good
Tim Montague
The Natural Step to Eco-Villages
Brian M. Downing
Evil in the Valley: Civilian Massacres, From Vietnam to Iraq
Website of the Day
Alien Impeachment
October 27 / 29, 2006
Weekend Edition
Jeffrey St.
Clair
Hogwash:
Fecal Factories in the Heartland
Maher Arar
The
Horrors of Extraordinary Rendition: a Personal Account
David Rosen
Perversions of Power: Mark Foley and the Bush Administration
Gregory Elich
"A Bursting Boiler at Russia's Doorstep:" Why Bush
is Seeking Confrontation with N. Korea
Tom Barry
Fear and Loathing in the North: an Apartheid Fence in America?
Jeff Taylor
Democrats By Default?
Dave Lindorff
Why Nancy Pelosi is Wrong
Ron Jacobs
The General Who Called Out the Devil: the Politics of Hugo Chavez
Maurus Chino
Hauba Hanu: Oppression Affects All People
Christopher
Brauchli
Veiled Threats: the Global War on Fashion
Sherwood Ross
The Wages of Whistleblowing: Why Bunny Greenhouse Sits in a Corner
Rev. William
Alberts
In Search of a Real Inter-Religious Dialogue on War and Justice
Aseem Shrivastava
Pushing India Toward a "Dollar Democracy"
Saul Landau
/ Farrah Hassen
Bush's Mea Culpa Speech, First Draft
Russ Fine / Dee Fine
Of Peters and Principles: Learning About Sex and Hypocrisy from
the GOP
Seth Sandronsky
Social Security: the Distortions of Sebastian Mallaby
Michael Carmichael
Rogue President: Midterm Meltdown
Joe Allen
The Legacy of Gillo Pontecorvo: a Maker of Revolutionary Films
David Vest
Playlist: What I'm Listening to This Week
Poets' Basement
Landau, Engel and Buknatski
Website of the Weekend
Safely Home
October 26,
2006
Ismael Hossein-zadeh
Islamic
Fascism?: Inflammatory Ironies
Carlos Zorrilla
The
Police Raid on My House: Trumped Up Charges and Collusion Between
a Mining Company and the Government of Ecuador
Paul Craig Roberts
The Crimes of Greed vs. the Crimes of Government: If Enron's
Skilling Gets 24 Years in Prison, How Many Should Bush and Cheney
Get?
Mike Whitney
The Charnel House of Baghdad
Lily Hughes
A Cruel and Unusual Reality: Inside the Texas Death House
Jennifer Matsui
Madonna's African Safari: The Great White Baby Hunter
Tim Matson
How to Save Vermont
Stephen Fleischman
Like a Soldier: Benchmarks, Timelines and Lies
Missy Beattie
The Blood of October: Are We Sure Barney Still Supports This
War?
Patrick Cockburn
From
"Mission Accomplished" to "Mission Impossible"
in Iraq
Website of the Day
Open Letter to The Nation
October 25,
2006
Michael Donnelly
Ethnicity
and Baseball
John Stanton
The
Vindication of Sibel Edmonds
John Ross
Upheaval from the Bottom
Conn Hallinan
Hunting Hugo: When It's About Oil Nothing is Off the Table--Not
Even Assassination
Robert Jensen
Academic
Freedom on the Rocks
Johnny Barber
Drinking Tea with Hizbullah
Bruce K. Gagnon
Space Cowboy: Bush's War on Heaven
Daniel McGowan
Elie Wiesel for Israeli President?
James J. Brittain
Uribe's Failure to Learn from Colombia's Past
Peter Harley
Afghanistan in 3-D
Jonathan Cook
Israel's
Minister of Strategic Threats
Shepherd Bliss
The Bioneers and the New York Times
Website of
the Day
The Price of Staying the Course
October 24,
2006
John Walsh
The
Book of Rahm: Emanuel's War Plan for Democrats
M. Shahid Alam
Not All Terrorists Are Muslim: the Latest Falsehood from the
Advocates of Civilizational War
Dr. Trudy Bond
The Silence at Home, as America Eats Her Young
Michael Phillips
The Story of My Kidnapping in Nablus: "I Never Feared for
My Life"
Dave Lindorff
Truth and Consequences on Iraq: Bush's Latest Cut-and-Paste War
Plan
David Phinney
A US Fortress Rises in Baghdad: Asian Labor Trafficking Used
to Build World's Largest Embassy
Laura Carlsen
Food Insecurity: the World Needs Its Small Farmers
Pierre Tristam
The American Way of Gore
Marguerite
Rose Jimenez
"About
That Trip to Cuba:" When the FBI Came Calling
Website of
the Day
Tampon Terrorists
October 23,
2006
Saree Makdisi
Israel's
Cluster Bomb War: "What We Did Was Insane and Monstrous"
Joshua Frank
The
Antiwar Movement and Independent Politics: an Interview with
Cindy Sheehan
Fred Gardner
What Have California Doctors Learned About Cannabis?
Ralph Nader
The End of Habeas Corpus and the Belligerent Despot-in-Chief
Ron Jacobs
Bush's Clark Clifford: James Baker Wants a Kinder, Gentler War
Norman Solomon
Punditry Without Consequences: Channeling Thomas Friedman
Richard Manning
Outside the Market: We Need and Owe Rural People
Neil Kitson
Canadians in Afghanistan: Bloody, Unbowed, Stoned?
William MacDougall
The Socialist, the Columnist, His Wife and the Prostitute
Gilad Atzmon
Surviving the Board of Deputies
Werther
The
Evening of Empire
Website of
the Day
Different Drummer: Internet Coffeehouse Movement
October 20
/ 22, 2006
Alexander Cockburn
The
Myth of Microloans
Gary Leupp
How
the US Declared War on North Korea
Brian Cloughley
What Are They Dying For?
Dave Zirin
Pat Tillman's Brother Breaks His Silence
William Blum
Don't Look Back: Who Said Clinton Didn't Kill Anybody?
Christopher
Brauchli
The
Cronies' War
Winslow Wheeler
The
Mad Logic of Pentagon Spending: As Costs Rise, Readiness Declines
Michael Donnelly
GOP Death Slide: Is the Party Really Over?
Fred Gardner
Corporate Drugs Useless Against Alzheimer's
Susie Day
How
to Stay Out of Gitmo
Lucinda Marshall
Behind Closed Doors: the Invisibility of Domestic Violence
Fred Wilcox
The Second Palestinian Intifada: History of a Struggle for Survival
Alan Maass
Standing Up Against Racism at Columbia: a Wake Up Call to the
Passive Left
Lee Sustar
A Bipartisan Border Wall: New Phases in the Crackdown on Immigrants
Ariadna Theokopoulos
Shame on You, Dr. Warf: Hail the Epidemiologist in Chief
Missy Beattie
Surges: the Dow and the Death Count
CP News Wire
Bush's Paraguay Land Grab: Hideout or Water Raid?
CP News Services
Sexually Repressed Republicans: Robert Bork, Riveted
Poets' Basement
Davies, Engel, Buknatski and Orloski
Website of
the Weekend
Scenes from Oaxaca
October 19,
2006
Elaine Cassel
The
Bush Administration's Assault on Defense Lawyers
Col. Dan Smith
Breaking Up That Old Gang of Mine: Cracks in the Bush / Blair
Axis
Manuel Garcia, Jr.
North Korea's Nuclear Test: a Q & A
Josh Gryniewicz
Wal-Mart Tightens the Squeeze on Workers
Amira Hass
What is 20 Tons of Explosives?
Eric Holt-Gimenez
Poison and Famine in the Fields: How the Agri-Food Industry's
Deadly Cycle Feeds Immigration
Jesse Hagopian
Arrested Democracy: On Trying to Ignore Aaron Dixon
Sam Husseini
How Third Parties Can Solve the "Spoiler" Problem and
Win Elections
John Weisheit
A
Gathering of Water Buffaloes: Feds Celebrate Death of the Colorado
River
CP News Service
A Plea to U2 From Africa's Children: Stop Bono Before He Kills
Again
Website of
the Day
George W. Bush: Hollywood Producer
Art Gallery
of the Day
Botero's Abu Ghraib Paintings in Manhattan
October 18,
2006
Joshua Frank
Cindy
Sheehan's Lesser Evilism: Democrats or Bust?
Dr. Curran
Warf, MD
Slandering Sound Science: Bush's Attack on the Lancet Iraq War
Death Study
Saul Landau
Bush's
Foley: Will the Dems Blow It?
Tom Barry
The
Politics of Fear
Bruce Jackson
Thundersnow: a Report from Buffalo
Dave Lindorff
Loveless Among the Ruins: Even Repubs Flee Bush's Failed Middle
East Policy
Frederico Fuentes
When Cochabamba Said "Enough": Bolivia's Blow to Neoliberalism
Michael Simmons
Greetings from Echo Park: an Open Letter to Rolling Stone's Jann
Wenner
Daryll E. Ray
The Root Problems in American Agriculture
Kate Doyle
The Dead of Tlatelolco
Website of
the Day
The
Lynne Stewart Defense Committee
October 17, 2006
Michael Neumann
Hit
and Run: Guerrilla Reviewing
Manuel Garcia,
Jr.
Nuclear
Test, Political Flare: Interpreting the Physics and Politics
of N. Korea's Nuclear Test
Stephen S.
Pearcy
The Interrogation of Julia Wilson: Secret Service Grills 14 Year-Old
Artist
Sharon Smith
Afghanistan
Reconsidered: The Taliban Aren't Gone, Women Haven't Been Liberated
Al Krebs
The Corporate Assault on Zoning
David Underhill
Politicus Interruptus: Come Back, Jo Bonner
Daniel Wolff
NY's Iraq Veterans Against the War Needs Your Help ... Now
James Brooks
Desirable
Duds: Israeli / US Cluster Bombs Litter Lebanon
Website of the Day
Stop Torture Now
October 16,
2006
Gary Leupp
North
Korea as a Religious State
Patrick Cockburn
General
Mutinies Against Blair
David Wilson
Where Have All the Doctors Gone?: the Collapse of Iraq's Health
Care Services
Robert Fisk
Confronting Turkey's Armenian Genocide
Robert Jensen
Racism and Cheap Thrills at U. of Texas Law School
Ingmar Lee
/ Krista Roessingh
An Appeal for S. India's Wild Elephants
Mike Whitney
America's Other War Party
Jake Whitney
The Courageous Dr. Rost
Sanho Tree
Sugar Daddy Politics: Was Foley Blackmailed to Secure His Vote
on CAFTA?
Website of
the Day
Best
War Ever
October 14/15, 2006
Weekend Edition
Uri Avnery
Gaza
as Laboratory: the Great Experiment
John Walsh
How
Rahm Emmanuel Has Rigged a Pro-War Congress
Jean Bricmont
A Fable About Palestine
Jennifer Van Bergen
Bush's Military Commissions Act and the Future of America
Ralph Nader
Wilted Yankees: the Fruits of Checkbook Baseball
Floyd Rudmin
The Logic of Proliferation: How Bush's Belligerence Prompted
N. Korea to Pursue Nuclear Weapons
Mark Weisbrot
Correcting the Facts on US/Venezuela Relations
Laura Carlsen
Building a Future in the Mixteca
Hani Shukrallah
A Stroll Through the Cairo Mall: Shopping as Cultural Pursuit
Dr. Susan Block
The Spent Milk of Human Foley
John Chuckman
North Korea's Bomb: Still 1,126 Nuke Tests Behind the US
Lucinda Marshall
Is Betty Ugly?: the Profits of Denigration
Don Monkerud
The Case Against Depleted Uranium
Missy Comley
Beattie
What Bush Means By Tolerable Violence in Iraq
Ron Jacobs
Shouting "No One is Illegal" in a Crowded Theater
Website of
the Weekend
Ratfink Raunchfest
October 13,
2006
Jorge Mariscal
PowerPoint
Racism: How Military Recruiters Pitch to Latinos
Stephen Philion
The
Myth of the Spat Upon Vets: an Interview with Jerry Lembcke
John Blair
Strip Mining Wildlife Preserves: Black Beauty's Filthy Lucre
Col. Dan Smith
Oil, Atoms and War
Alastair Crooke / Mark Perry
How Hezbollah Defeated Israel: Part Two, Winning the Ground War
Stephen Fleischman
Journalism Then and Now
Charles Perroud
The Death Penalty's Invisible Victims
Anne E. Brodsky
Return
to Afghanistan: Where the Rhetoric Doesn't Match the Reality
Website of the Day
Underwater Nuke Test
October 12,
2006
Jonathan Cook
Israel's
Plan for a Military Strike on Iran
Norman Solomon
The Pundit Path to Death in Iraq
M. Shahid Alam
On Colonialism and Colleagues
Paul Craig
Roberts
Can We Call It Genocide Now?
Meredith Schafer / Chris Kutalik
Is a General Transportation Strike Looming for 2008? Can Labor
Seize the Moment?
Carl Gelderloos
Images of Occupation: Teaching in Nablus
Alastair Crooke / Mark Perry
How Hezbollah Defeated Israel: Part One, Winning the Intelligence
War
Charles Sullivan
Assassins of Truth
William S. Lind
Why Do We Still Fight a Lost War?
CP News Service
The South Turns Against the War
Website of
the Day
There's a Riot Goin' On
October 11,
2006
John Feffer
Pyongyang
1, Bush 0
Dave Lindorff
A Killing Occupation
Jackson Katz
Gunning Down Women: Coverage of "School Shootings"
Misses Central Issue
April Howard / Ben Dangl
The Tin War in Bolivia
Michael Carmichael
World War W
Ken Couesbouc
The New Witchcraft: Marvin Harris on the War on Terror
Gregory Afghani
Sleepless on Skid Row: Guilty of Being Homeless in America
Alexander Cockburn
600,000 Dead in Iraq: Chortles in the New Yorker for Slaughter's
Cheerleader, C. Hitchens
Website of
the Day
Petition: Defend Columbia Students Who Confronted the Minutemen
October 10,
2006
Paul Craig
Roberts
Lost
Wars and a Lost Economy
Robert Robideau
The
Myth Keepers of Columbus
Joshua Frank
The
Democrats and the War on Civil Liberties
Dave Lindorff
Free the Press Free Linda Greenhouse
Dave Zirin
Brother of the Fist
Heather Gray
Where Votes Matter: My Experience in South Africa
James Knotwell
Big Ag in the Heartland: the Future of Nebraska's Family Farms
Missy Beattie
The Return of James Baker, III
Mike Whitney
Bush and North Korea: Bumbling Toward Disaster
David Rosen
Sex Panic on Capitol Hill: Mark Foley and the Politics of Sex
in America
Website of the Day
Eno / Byrne: Music to Enjoy the Foley Scandal By
October 9. 2006
Robert Fisk
The
Age of Terror
Norman Solomon
Welcome to the Nuclear Club
Ron Jacobs
The
Boom Heard Around the World
Gideon Levy
The Mystery of America
Walter Brasch
Their Back Pages: Sex, Lies and Family Values
Mickey Z.
Who Killed Michael Moore?
John Holt
Grizzlies in Our Midst: Can Humans and Bears Coexist?
Lucinda Marshall
Not So Pretty in Pink: Profits and Breast Cancer
Saul Landau
Post-Castro
Cuba
Website of the Day
War, Inc.
October 7 /
8, 2006
Weekend Edition
Alexander Cockburn
Wargasms
and Orgasms
Peter Kwong
The Chinese Face of Neoliberalism
Ralph Nader
Revolt of the Generals
Mark Donham
What Cynthia McKinney Means to Me
Dave Lindorff
Philly's Police Snoops
Peter Bosshard
World Bank Shuts Out Dissident Voices: Big Dams, Huge Profits
& Political Corruption
Ron Jacobs
Evil Hour in Colombia
Lawrence R.
Velvel
Governmental Derelicts: Moral Meltdown in America
Fred Gardner
Arnold Vetoes Hemp Bill
David Green
The US, Israel and the Invasion of Lebanon
Jim B.
Activism, Incorporated: Outsourcing Grassroots Politics?
Missy Beattie
Prayers for Peace at the Edge of the Abyss
Michael Donnelly
Blame the Page: Grand Old Perverts Go on Offensive
Jackson Thoreau
Enter Newt
Jon Hung
Revisiting Korematsu: Denying Civil Rights Based on National
Origin
CounterPunch
News Service
Why We Confronted the Minutemen at Columbia
Tom D'Antoni
Playlist
Poets' Basement
Orloski, Davies, Tirado, Gaffney and Ford
Website of the Weekend
Reagan Gone Wild
October 6, 2006
Alison Weir
Just
Another Mother Murdered
Tiffany Ten
Eyck / Mark Brenner
Made
in (DeUnionized) America
Corporate Crime Reporter
Look Who's Behind "37 Reasons" to Vote for Big Business:
Former Clinton PR Flak Mike McCurry
Juan Antonio
Montecino
Cleaving a False Divide in Latin America
Walden Bello
A Siamese Tragedy
Christopher
Brauchli
Rank Invitations: Dining with Bush
Brynne Keith-Jennings
Dan Burton in Nicaragua: the Congressman, His Stick and the Elections
Jonathan Cook
The Struggle for Palestine's Soul
Website of the Day
Fighting Hog Farms and Clearcuts in the Heartland
October 5, 2006
John Walsh
Turn
the Page
Carol Norris
The
Radical Right, the Myth of the Gay Child Abuser and You: a Psychotherapist
on the Hysteria Over Foley
Paul Craig Roberts
Will November Bring Hope or Another Stolen Election?
Ricardo Alarcón
The
Truth About the Embargo of Cuba
James Abourezk
Waterboarding the Constitution: After Torture, What's Next?
Nicola Nasser
Removing Hamas: Brinksmanship or Coup d'Etat?
Kirkpatrick Sale
Breaking Away: the First North American Secessionist Conference
Uri Avnery
Peace
with Syria: Lunch in Damascus
Website of the Day
More Naughty GOP Messages
October 4, 2006
Elizabeth Terzakis
The
Walls That Racism Built: Blood Revenge, the Death Penalty and
Kevin Cooper
Paul Wolf
The
Mushy Rebellion: Pakistan Under Musharraf
Sean Penn
The
Arrogant, the Misguided and the Cowards
Dave Lindorff
Outrage as Misdirection: The Real Scandal isn't Foley
Diane Farsetta
For Sale: Iraqi Kurdistan
Sharon Smith
Democrats:
Yes to War, No to Pedophilia
Felice Pace
Revoking 1776
Sara Roy
The Economy of Gaza
Website of
the Day
Alexander Cockburn: the Video Interview (Part Two)
October 3, 2006
Jennifer Van
Bergen
Compassionate
Conservative Pedophiles
Greg Moses
The Infallible Empire: Junking Habeas Corpus
Stan Cox
Real Bad ID: a National Driver's License and the Fading Right
of Anonymity
Niranjan Ramakrishnan
How Empires Die
Evelyn Pringle
Big Pharma Takes a Hit: Alaska's Supreme Court Outlaws Forced
Drugging
Fred Wilhelms
SoundExchange and Unpaid Music Artists: Help Us Find These Musicians
and Get Them Paid
Michael Abelman
Know Your Farmer, Know Your Food: the Risks of Convenience and
Consolidation
Gary Leupp
The Foley Follies
Website of the Day
Bush and Blair: Endless Love
October 2,
2006
Eric Hazan
Roadmap
to Nowhere: an Interview with Tanya Reinhart on Israel/Palestine
Since 2003
Mike Whitney
Bloodbath on 60 Minutes: Court
Stenographer Finally Comes Clean
Norman Solomon
American Narcissism and Iraq
Assaf Kfoury
Meeting Nasrallah
Missy Beattie
The Meaning of "ummmm": Speaker Hasert and the Over-Friendly
Congressman
Arthur Neslen
Lie Less in Gaza
Paula J. Caplan
How
the Supreme Court Mangled My Research
Website of the Day
Predator Drones Target Bechtel
Sept. 30 /
0ct. 1, 2006
Weekend Edition
Paul Craig
Roberts
The
New Face of Class War
Marjorie Cohn
Rounding Up US Citizens: a Consitutional Shredding
Ben Tripp
Deviant Conservative Males: an Analysis
Ron Jacobs
A Dismal and Chaotic Place: Iraq According to Patrick Cockburn
Ralph Nader
Torturer-in-Chief
Mike Whitney
Iraq: The Breaking Point
Christopher Reed
It Pays to Raise a Ruckus
Seth Sandronsky
The Housing Bust: Excess Investment and Its Discontents
Fred Gardner
The Chancellor's Wife
Mokhiber /
Weissman
Hewlett Packard and the Erosion of Privacy
Michael Dickinson
My Escape Attempt from Prison Transfer: Extract from a Diary
in Turkish Police Custody
Alan Gregory
Fake Green: Top 10 Ways Politicians Pretend to be Environmentalists
Poets' Basement
Gardner, Landau, Lindorff, Davies,& Buknatski
September 29,
2006
Bruce Jackson
Chavez's
Reading, Bush's Reading
Michael J.
Smith
The
Lobby Debate Does Manhattan
Emira Woods
Oil Trip: Record Profits for Exxon, Deprivation for Africa
William S.
Lind
The Sanctuary Illusion: Pakistan, Afghanistan and Iraq as Theme
Parks for 4GW
David Swanson
Mommy, What's Waterboarding?
Jonathan Cook
Bad
Faith and the Destruction of Palestine
Website of the Day
Jesus: the Recruitment Tapes
September 28, 2006
Sen. Russ Feingold
The
Flaws in the Military Commissions Act
Ron Jacobs
The
Generals, the Democrats and Iraq: One Policy, Two Parties
Mokhiber /
Weissman
Scenes from Laura's Book Festival: Elmo Will Not Save You
Lee Sustar
A Left Challenge to Lula
Robert Jensen
Finding My Way Back to Church--and Getting Kicked Out
John Chuckman
America Has Just Lost Two More Wars
Evelyn Pringle
Inside America's Nursing Homes: a Hidden Tragedy of Neglect and
Abuse
Nicola Nasser
Bush and Islam: Words vs. Deeds
Uri Avnery
Political
Corruption in Israel
Website of the Day
Art Against the Empire
September 27, 2006
Patrick Cockburn
A
Final Explosion Looms in Mosul
Camilo Mejia
Blowback From Iraq: Giving Terrorism a Reason to Exist
Pat Williams
Tax Burdens and Cheaters in the Rockies: Send Those IRS Mercenaries
in Search of Montana's Land Barons and Oil Drillers
Ben Terrall
Failing Haiti: Another Bungled UN Mission
Ridgeway /
Ng
Paul Weyrich Explaines His Opposition to the Patriot Act: a Short
Film
Joe Allen
Where are the Mass Protests?
Andrew Wimmer
Don't Disappear Into a Black Hole
Franklin C. Spinney
Rumsfeld's AutoCarterization: Skullduggery in the Pentagon's
Budget
Website of
the Day
Model Nukes: the Photo Contest
September 26, 2006
Hani Shukrallah
The
American Mind: When Historical Analysis is Reduced to Whim
William Blum
If It's Election Season, It Must Be Time for a Terror Alert
Niranjan Ramakrishnan
Torturing the Obvious
Barbara Becnel
Witness to an Execution: a Slow and Very Painful Death
Paul Rockwell
Judicial Complicity in US War Crimes: the Watada Case
Dave Lindorff
Bush and Iran: Going to War to Save His Own Ass?
Rich Gibson
Lessons from the Detroit Teachers' Strike
Anthony Papa
The Danger of Meth Registries: "Have a Cold? Prove It, Then
Sign Here"
Nate Mezmer
New Orleans is Back ... Without Blacks: Monday Night Football
at the Superdome
Uri Avnery
Mohammed's
Sword
Website of the Day
Only YOU Can Stop the Sale of Public Lands to Mining, Timber
and Real Estate Corporations
September 25, 2006
Patrick Cockburn
The
Most Dangerous Place in the World: a Journey to Iraq's "Taliban
Republic"
Jonathan Cook
Human Rights Watch: Still Missing the Point on Lebanon
Joshua Frank
Did
Maria Cantwell's Campaign Try to Buy Off Aaron Dixon?
Paul Craig
Roberts
Is
the Bush Administration Itching to Nuke Iran?
Robert Jensen
Defending Chavez on FoxNews
Dave Lindorff
Horowitz on Campus: This Mouth for Hire
Norman Solomon
Media Tall Tales for Next War
Dr. Charles
Jonkel
Save a Grizzly, Visit a Library: "People like the Croc Hunter
are Worse Than the Most Bloodthirsty Slob Hunter
Michael Dickinson
"The King's New Clothes:" a Play Written in a Turkish
Jail
Alexander Cockburn
Flying
Saucers and the Decline of the Left
Website of
the Day
Great Bear Foundation
September 23
/ 24, 2006
Weekend Edition
Jonathan Cook
How
Israel is Engineering the "Clash of Civilizations"
Jeffrey St.
Clair
Star Wars Goes Online ... Crashes
Dr. Anon
A Doctor's Life in Baghdad
Tom Barry
Oil and Political Opportunism
Carl G. Estabrook
The Darfur Smokescreen
Laura Carlsen
Mexico's Two Presidents
Todd Chretien
The Axis of Lesser Evilism
Dr. Charles
Jonkel
From Grizzly Man to the Croc Hunter: the Global Media and the
Death of Bears
Debbie Nathan
I Was Disappeared By Salon
Fred Gardner
Dustin Costa Struggles Against Invisibility
Fred Wilhelms
The Money Belongs to the Artists Who Created the Music
Seth Sandronsky
The Cruel Economics of Health Care in America
Ralph Nader
Mavericks at Work
Rev. William
Alberts
"Specks" and "Logs" and 9/11
Jon Van Camp
Who is Hezbollah?
Heather Gray
Conservatives and Technology
David Vest
Jerry Lightfoot, RIP
Jeffrey St.
Clair
Playlist: What I'm Listenting to This Week
Poets' Basement
Landau / Davies
Website of
the Weekend
Meet
Me In The Morning: C. Wonderland & J. Lightfoot
Video of the Weekend
Is It a Bird? A Missile? Or, Just Perhaps, a Friggin' Plane?
September 22,
2006
Patrick Cockburn
Republic
of Fear: Torture in Bush's Iraq, Worse Than Under Saddam
Michael Donnelly
It's
the Manipulated Economy, Stupid
Ramzy Baroud
The Next Palestinian Struggle
Evo Morales
"We Need Partners, Not Bosses": Address to the United
Nations
Stanley Howard
Torture and Justice in Chicago
Sarah Leah
Whitson
Hezbollah's Rockets and Civilian Casualties: a Reply to Jonathan
Cook
JoAnn Wypijewski
Conservations
at Ground Zero
Website of the Day
Cockburn in Atlanta: the Video Interview
September 21, 2006
Mahmoud Ahmadi-Nejad
"No
Nation Should Have Superiority Over Others:" UN Address
Justin E. H.
Smith
Ending
the Death Penalty: Outline of an Abolitionist Program
Rick Kuhn
Australian Government Steps Up Attacks on Muslims: "I Certainly
Don't Want That Type of People in Australia"
Mike Roselle
Ed
Wiley's Long March: the Elementary School vs. the Strip Mine
Amira Hass
In the Name of Security: What Israeli Police Files Reveal About
the Occupation of Palestine
Deborah Rich
From the Kitchen of Dr. Frankenstein: the Consumption of Gene-Engineeered
Foods
Mickey Z.
10 Reasons Cars Suck
Saul Landau
Terrorism at Sheridan Circle
Website of
the Day
Stop
the Decapitation of Mountains
September 20, 2006
Sharon Smith
Elections, Detentions and Deportations
Christopher
Reed
Goodbye
Koizumi, Hello Abe
John Ross
Mexico:
Does AMLO Have a Future?
Joshua Frank
A Wasted Campaign: How Jonathan Tasini Helped Hillary Clinton
and Distracted the Antiwar Movement
Arthur Neslen
The Clenched Fist of the Phoenix: What Made Israel Burn Lebanon,
Again?
Norman Solomon
The Hollow Promise of Digital Technology
Michael Carmichael
The Vatican's Tyrant
Evelyn Pringle
The Merck Vioxx Litigation: a Scorecard
Hugo Chavez
Rise Up Against the Empire: Address to the United Nations
Website of the Day
Before You
Enlist: Watch This Video
September 19, 2006
Patrick Cockburn
Deadly
Harvest: Lebanese Fields Sown with Israeli Cluster Bombs
Jeff Leys
Economic
Warfare: Iraq and the IMF
Brian M. Downing
War,
Taxes and Democracy
Col. Dan Smith
Dispelling
Brutality
Liaquat Ali
Khan
Presidential Incitements: Did Bush's Speech Violate Geneva Conventions
on Genocide?
Ron Jacobs
Just Sign on the Dotted Line: Iraqi Oil and Production Sharing
Agreements
Nik Barry-Shaw
/ Yves Engler
Canada in Haiti: Torture, Murder and Complicity
Lucinda Marshall
Air Paranoia: the Great Toothpaste and Hair Gel Scare
Saul Landau
The Pinochet Syndicate
Photo of the Day
Hold That Bridge
Website of
the Day
Scenarios for an Iranian War
September 18, 2006
Carl Boggs
Crimes of Empire
Uri Avnery
Peace
Panic
Mike Stark / Jim Bullington
Ann Richards, the Original Texacutioner
Joshua Frank
Corporate E. Coli
John Murphy
The Price of Free Speech
Ramzy Baroud
Murdoch Almighty
Dave Lindorff
On Constitution Day
Bill Quigley
Showing Conviction at Echo 9
Website of the Day
Tutorial: How to Hack a Diebold Voting Machine
|
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November
9, 2006
Hard Times on the Way
Bush's
Chernobyl Economy
By MIKE WHITNEY
In the next few months, a financial
crisis will arise somewhere in the world which will jolt the
American economy and trigger a swift and precipitous decline
in the value of the dollar.
This is not speculation; it
will happen and there is nothing that the Bush administration
can do to stop it.
All of the traditional supports
for the dollar have been removed by the shrinking economy, a
massive $800 billion account deficit, dramatic increases in the
money supply, and the reckless manipulation of interest rates.
Now, the noose is tightening.
Our foreign trade partners can see that we are drowning in red
ink and are refusing to buy back our debt in the form of US Treasuries.
This is a death sentence for the dollar. It means that in a matter
of months the once-mighty greenback will crash through the floor
and free-fall through open space.
Mike Swanson of the WallStreetWindow
explains the worrisome details related to last month's trade
deficit:
"Just a few days ago the
US Treasury reported that the net capital inflows from the rest
of the world into the US fell for a 6th month in a row. Private
(purchases) from abroad fell to $34.7 billion in August and from
$72.9 billion in July. Asian central banks made up for the shortfall.
If they hadn't the current account deficit would have exploded.
The NY Times quoted Ashraf Laidi, a currency analyst at MG Financial
Group as saying, "foreign central banks saved the dollar
from disaster. The stability of the bond market is at the mercy
of Asian purchases of US Treasuries."
Swanson poses an interesting
theory, but it can't be verified since we the Fed stopped printing
the M-3 (which would provide the relevant facts about the current
cash inflows) and since China and Japan have slowed their purchases
of UST Bonds.
Jim Willie of GoldenJackass.com,
offers an entirely different theory in his recent article "Spent
Dollar Momentum". Willie opines:
"Behind the scenes are
the many illicit London-based firms busily buying US Treasury
Bonds with freshly-printed money from the Dept of the Treasury.
Their tracks are covered by the blackout on the money supply
statistic. (M-3) An isolated US government with a well-oiled
printing press as the primary support device makes for a dangerous
currency situation."
Willie's "conspiracy theory"
jives nicely with the US Treasury's figures on the "Foreign
Financing of US Government Debt" (June 2006) Surprisingly,
between 2005 and 2006 our friends in the United Kingdom purchased
an additional $142 billion of USD bringing their stockpile of
dollars to $201.4?!?
Why?
Why would UK investors suddenly
stock up on dollars when everyone else in the currency market
is bemoaning the greenback's systemic problems?
Could it be that banks in the
UK are just hiding the paper trail for friends in America who
want to forestall a collapse in the dollar until after the election?
Of course, there could be another
explanation for the irregular activity in cash inflows, (purchase
of US Treasuries) that is, that we're still living in a "faith-based"
Wonderland where our overseas trading partners are more than
willing to buy an endless supply of worthless paper from a well-meaning
Goliath who is busy spreading democracy to the "great unwashed"
in developing world.
This is an utter fiction. The
world is backing away from the dollar and whether one accepts
the conspiracy theories or not, it's clear that the Federal Reserve
is trying to cover its tracks and conceal its shadowy maneuverings.
There is nothing accidental
about the crisis we'll soon be facing. Officials at the Federal
Reserve and the US Treasury are fully aware of the devastating
effects of massive trade deficits, increasing the money supply,
and self-serving interest rates manipulations. They have set
the country on the path to ruin as part of a broader scheme for
remaking the global-system according to well-known precedents.
In truth, the plan to modify the present system has a long history;
going back to the 1980s when many of the same actors in government
today were in positions of power in the Reagan administration.
For the last 6 years they have been patching together their strategy;
producing record deficits, unfunded tax cuts, mammoth government
expansion, and doubling the money supply.
How can anyone argue that they
did not understand the implications of their actions?
Did Greenspan know that by
lowering interest rates in 2001 to 1.5% that he would sluice
trillions of dollars into the real estate market producing the
largest equity bubble in history? And, if he didn't know, then
how is it that the Fed provides the statistics which state precisely
how large the housing bubble really is?
Didn't Greenspan read the charts
and graphs put out by his own organization?
And why did Greenspan support
the shaky "no down payment", "interest-only"
loans and ARMs which allowed "high-risk" people to
qualify for mortgages when the Fed knew, according to their own
figures, that when interest rates went up, foreclosures would
skyrocket?
Of course he knew; they all
knew. How could they NOT know? They produce the facts and figures
themselves! It's all part of a madcap scheme to shift wealth
to the top 1% and drive a wooden stake into the heart of the
middle class. When Greenspan saw that doomsday was approaching,
he got "cold feet" and bailed out. Now the scholarly
Bernancke is left to supervise the economic meltdown and face
the public scorn.
Trouble
Ahead
Currently, the U.S. economy
is held together by the slimmest of threads; literally duct-taped
together by massaging all of the crucial economic numbers, pumping
as much cheap fiat-currency into the system, and by "increasingly-suspicious"
maneuverings in the futures markets. After the elections, they'll
be no reason to conceal the rot at the heart of the system. After
all, we are not facing an unforeseen catastrophe, but a planned
demolition intended to increase the disparity between rich and
poor to such an extent, that democracy, as we know it, will no
longer be possible.
Nothing is more repugnant to
America's ruling elite than the notion that every man, however
broke and insignificant, can participate in our system of government.
The Federal Reserve's bloody
fingerprints are all over our present dilemma. The privately-owned
Fed has never operated in the public interest. By doubling the
money supply in the last 7 years and keeping interest rates artificially
low, the Fed has generated a $10 trillion housing bubble while,
at the same time, ignoring a $800 billion trade deficit which
is sucking up American assets and crushing American industry
at an unprecedented rate.
This massive expansion of debt
has increased the likelihood that an unexpected event, like a
bank failure or a teetering hedge fund, will cause a major disruption
in the markets sending tremors through the global system. Even
if nothing explosive happens, the faltering real estate market
will continue to swoon, consumer spending will dry up, and the
fragile economy will crash to earth. In fact, this is taking
place right now; retail sales are anemic, residential housing
dropped a whopping 17% in the last 3 months, and economic growth
shrunk to a measly 1.6% in the third quarter. The only thing
keeping the economy from collapsing entirely is the sudden drop
in oil prices which "conveniently" coincided with the
midterm balloting.
This won't last. According
to industry analyst Matthew Simmons the world production of oil
may have already peaked setting the stage for a leveling-off
period before the inevitable decline. Simmons has data to show
that "world supply of oil has declined to 83.98 million
barrels per day in the second quarter after hitting 84.35 million
bpd in the forth quarter of 2005." Oil production is going
backwards not forwards.
No one believes the price of
oil is going down any time soon. As energy prices rise and the
housing market falls; consumer spending, which added $825 billion
from home equity into last year's economy, will continue shrivel.
Thus, the Fed will have to make the tough-choice of whether to
loosen the purse strings and lower interest rates to keep the
economy sputtering along or ratchet up rates to attract more
foreign investment. (Keep in mind that the real estate market
is already in retreat, even though, the full force of the Fed's
interest rate increases won't be felt for up to 6 to 12 months
after they have been raised. The worst is yet to come)
Most economists believe that
Fed Chairman Bernancke will be forced to lower rates sometime
in 2007 to try to stimulate the economy and to affect a "soft
landing" in the housing market, but don't count on it.
I believe the Fed is more likely
to either keep rates the same or raise them to outpace the anticipated
increases in Europe and Asia. The reason for this is simple;
it presently takes nearly $2.5 billion per day to cover our current
account deficit. To continue to attract foreign capital, US Treasuries
must offer a higher rate of return than their foreign competitors.
Now that the economies in Europe and Asia are growing; naturally
their interest rates are going up accordingly.(to slow inflation)
That means that the only way that America can continue to expand
its debt, through the exchange of fiat currency for resources
and manufactured goods, is by raising the return on Treasuries.
And, that is probably what Bernanke will do, even though it will
skewer the struggling American worker and further damage the
US economy.
The secret of running the global
economic system is to control the issuance of currency and, thereby,
be in a position to expand one's own debt as one sees fit. The
Federal Reserve must preserve its "dollar hegemony"
if it wants to maintain the greenback as the world's reserve
currency. To achieve that, the dollar must stay one step ahead
of its competitors (higher rates) and prove that it is on solid
financial footing. This is impossible now that the US economy
is contracting, so Washington has decided to do the next best
thing; corner the oil market. By controlling Middle East oil
US policy-makers believe that they can force foreign nations
to accept the debt-plagued greenback regardless of the faltering
US economy. It is no different than any other extortion racket.
If the plan succeeds the dollar
will remain the de-facto international currency. But it is difficult
task and the escalating violence in Iraq suggests that the results
are far from certain.
Corporate
Colonization
"Free Trade" is the
Holy Grail of neoliberalism. It is essentially a public relations
scam intended to disguise the shifting of wealth, jobs and resources
from either the middle class or the public sector to the corporate
and banking establishments'. Despite the zealous cheerleading
of Thomas Friedman and his ilk; the basic facts have been thoroughly
examined and are not in dispute. Free trade has been a dead loss
for everyone except the people for whom it was originally designed;
the wealthiest and most powerful men on the planet. It has served
them quite well.
For example, "since NAFTA
went into effect in 1994, the US has lost over $4 trillion to
foreigners through its trade deficit""During that 11.5
year period , foreign ownership of US assets skyrocketed an amazing
400% from $3 trillion to over $12 trillion" "Foreign
interests now own 46% of US Treasury debt, 26% of corporate bonds,
and 13% of US corporate equities. Now nearly 100% of on-going
borrowings by the government are funded by foreign interests.""Foreign
interests also control a majority of US domestic industries such
as movies, music, publishing, metal ore mining, cement production,
engine and power plant production, rubber and plastics and are
major owners of US industries such as pharmaceuticals, chemical
manufacturing, industrial machinery manufacturing, motor vehicles,
and electronic equipment and componentsIn addition, the US has
lost 3 million manufacturing jobs over the last decade, real
wage growth after inflation has been essentially zero,"
and personal debt has never been higher. (Data from Thomas Heffner
EconomyInCrisis.org)
Since 1980, 13,730 major companies
have been sold to foreign corporations. We no longer produce
what we need to sustain ourselves.
These facts may have a mind-numbing
affect on the reader, but they make a point which is simple and
unavoidable. The country is being colonized by corporate predators
and its main assets are being sold off to the highest bidder.
This rampant carpet-bagging is taking place in full view of the
American public which still clings to the spurious idea that
"free trade" is generally beneficial for all. It is
not, and we are about to experience its full-effects as America's
"straw-house" economy topples from its loss of manufacturing-capacity
and its staggering account imbalances.
"Foreign investors now
own 46% of US Treasury debt" over $3 trillion dollars! The
Federal Reserve and their corporate she-wolves are planning to
prolong the hemorrhaging of US wealth as long as possible extracting
every last farthing from the prostrate corpse of the waning republic.
Now, we are at the brink. Energy
prices will go higher after the elections, manufacturing will
continue to flag, and the housing Zeppelin is drifting towards
the high-tension wires. To make matters worse, the American consumer;
the "engine for global economic growth", is drowning
in a sea of personal debt.
There's no place to go but
down.
Every part of this bleak picture
was anticipated by its architects. That's why they hastily slapped
together the requisite legislation for a modern-day police state.
After passing the Military Commissions Act of 2006 (which allows
the president the arrest whomever he chooses without charges)
and overturning the Posse Comitatus Act (the president is now
free to deploy the military within America against US citizens)
the Bush administration is as ready as they can be. Apparently,
they feel like they can manage the public's shock and outrage
with detention camps and water cannons.
We'll see.
In any event, the trap has
been set and any minor disruption in the hedge funds or derivatives
markets will put the economy into a violent tailspin forcing
our "Unitary" president to activate his plans for the
new world order.
Battle Stations;
Battle Stations
Last week an article by Ambrose
Evans-Pritchard appeared in the UK Telegraph, where he stated:
"(Treasury Secretary)
Paulson re-activated the secretive support team to prevent markets
meltdown. Judging by their body language, the US authorities
believe that the roaring bull-market is just a sucker's rally
before the inevitable storm hits.the plunge protection team is
a shadowy body with powers to support stock-index, currency,
and credit futures in a crash. Otherwise known as the working
group on financial markets, it was created by Ronald Reagan to
prevent a repeat of the Wall Street meltdown in October 1987".Paulson
has set up "a command center at the US Treasury that will
track global markets and serve as an operations base in the next
crisis." (Members include the heads at Treasury, Federal
Reserve and Securities and Exchange Commission)
Evans-Pritchard adds: "Mr.
Paulson has asked the team to examine systemic risk posed by
hedge funds and derivatives, and the government's ability to
respond to a financial crisisWe need to be vigilant and make
sure we are thinking through all of the various risks and that
we are being very careful here. Do we have enough liquidity in
the system?'"
And, finally, Evans-Pritchard
queries: (Do) Mr. Paulson and |
