News

Nuclear Calendar -- February 20, 2012 (FCNL)

Nuclear Calendar -- February 20, 2012 -- Friends Committee On National Legislation Feb. 18-26 House and Senate Presidents Day recess. Feb. 20 7:00 p.m., Trita Parsi, National Iranian American Council, book discussion of ASingle Roll of the Dice: Obama's Diplomacy with Iran. Politics ConnecticutAve., NW, Washington. Feb. 20 Presidents Day (federal holiday). Feb. 21 10...

BOOKS: The Anatomy of Israel’s Survival, By Hirsh Goodman (Jim Miles)

The Anatomy of Israel’s Survival. Hirsh Goodman. Signal/McClelland & Stewart, Toronto, 2011. Dec. 30, 2011 (Palestine Chronicle) -- The “Anatomy of Israel’s Survival” rests on a single backbone: ...
BOOKS: Imperial Messenger -- Thomas Friedman at Work. By Belen Fernandez (Jim Miles)

Imperial Messenger -- Thomas Friedman at Work. Belen Fernandez. Verso Books, London/New York, 2011. Dec. 12, 2011 (Palestine Chronicle) -- Thomas Friedman is a writer whom I have avoided reading over...
Nuclear Calendar -- February 13, 2012 (FCNL)

Nuclear Calendar -- February 13, 2012 -- Friends Committee On National Legislation Feb. 13 11:15 a.m., Office of Management and Budget releases the annual federal budget. Posted on the Governm...
MF Global And The Great Wall St Re-Hypothecation Scandal (Christopher Elias)

Image from Business Insider Dec. 7, 2011 (Business Law Currents) -- A legal loophole in international brokerage regulations means that few, if any, clients ofMF Globalare likely to get their mone...
U.S. Stocks Rally on Global Bank Central Liquidity Move (Rita Nazareth)

Nov. 30, 2011 (Bloomberg) -- U.S. stocks rose, sending benchmark gauges higher for a third day, after central banks acted together to make additional funds available to lenders as Europe’s crisis thre...
Fed, Five Central Banks Cut Rate on Dollar Swaps (Scott Lanman and Jeff Black)

Nov. 30 (Bloomberg) -- The Federal Reserve cut the cost of emergency dollar funding for European banks as part of a globally coordinated central-bank response to the continent’s sovereign-debt crisis....
Nuclear Calendar -- November 26, 2011 (FCNL)

Nuclear Calendar -- November 26, 2011 Nov. 19-27 House and Senate Thanksgiving recess. (House recess is through Nov.28.) Nov. 26 20th anniversary of the last British nuclear weapon tes...
Stocks: Worst Thanksgiving Drop Since ’32 (Rita Nazareth)

Nov. 25, 2011 (Bloomberg) -- U.S. stocks fell, capping the worst Thanksgiving-week drop since 1932 in the Standard & Poor’s 500 Index, as S&P cut Belgium’s rating and a report said Greece is d...
Jefferson County, Alabama files largest municipal bankruptcy in US history (E.P. Bannon)

Nov. 17, 2011 (WSWS) -- Jefferson County, Alabama, home to the state’s most populous city of Birmingham, filed bankruptcy Oct. 9. The size of the debt is over $3 billion, making it the largest municip...
Key Lesson from Iceland Crisis is 'Let Banks Fail' (Haukur Holm)

Nov. 8, 2011 (AFP) -- Three years after Iceland's banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and p...
10 Million American Families Sliding Toward Foreclosure (Sherwood Ross)

Nov. 8, 2011 (Information Clearing House) -- Of the 55-million families with mortgages, 10.4-million of them “are sliding toward failure and foreclosure” -- a tragedy that will depress the U.S. housin...
Nearly 29% Of Mortgaged U.S. Homes Underwater (Jane Hodges)

Nov. 8, 2011 (MSNBC) -- A whopping 28.6 percent of homeowners with mortgages owe more on their loans than their homes could sell for, according to quarterly data released Tuesday by Zillow, a real est...
Nearly half of mortgages in Chicago area underwater (Mary Ellen Podmolik)

Nov. 8, 2011 (Chicago Tribune) -- A little more than 46 percent of all single-family homes with a mortgage in the Chicago area were underwater in the year's third quarter, far more than the natio...
Possible Credit Squeeze As Investors Dump European Gov't And Bank Debt (Nelson D. Schwartz and Eric Dash)

Nov. 18, 2011 (World News Trust) -- Nervous investors around the globe are accelerating their exit from the debt of European governments and banks, increasing the risk of a credit squeeze that could s...
World Faces Years of Social Unrest as Economies Falter (Nigel Morris, Ben Chu)

Cars burn during a demonstration, in dowtown Rome Oct. 15 during an anti-capitalist protest. The eurozone debt crisis could lead to a decade-long recession and rising social unrest, the Internationa...
Roubini Predicts Eurozone Collapse; World Markets Will Follow (RT)

Noriel Roubini Nov. 4, 2011 (RT) -- Noted American economist Nouriel Roubini says the eurozone is in the midst of crumbling, and with the rest of the world’s future at stake with a potential co...
Fraudulent Defense Contractors Paid $1 Trillion (Sen. Bernie Sanders)

Sen. Bernie Sanders (I-Vt.) Oct. 20, 2011 -- WASHINGTON (Information Clearing House) --Hundreds of defense contractors that defrauded the U.S. military received more than $1.1 trillion in Pentago...
Hungary Destroys All Monsanto GMO Corn Fields (Anthony Gucciardi)

Sept. 20, 2011 (NaturalSociety) -- Hungary has taken a bold stand against biotech giant Monsanto and genetic modification by destroying 1,000 acres of maize found to have been grown with genetically m...
BRADBLOG EXCLUSIVE: ES&S Attempts to Block PA County's Independent Audit of Failed Touch-Screens (Brad Friedman)

After no objections previously, the nation's largest e-voting company attempts to kibosh computer scientists' forensic examination in Venango County, PA Oct. 28, 2011 (BradBlog) --Despite f...
The lost bases of the US empire (Tarak Barkawi)

The US maintains permanent bases in South Korea, established in 1954, that house some 28,500 personnel The United States maintains more than 700 military facilities on foreign soil that may no...
GAO Finds Serious Conflicts at the Fed (Sen. Bernie Sanders)

Sen. Bernie Sanders (I-Vt.) Oct. 19, 2011 -- WASHINGTON (Sanders.Senate.gov) -- A new audit of the Federal Reserve released today detailed widespread conflicts of interest involving directors of ...
U.S. Military on 'High Alert' (Barbara Starr)

Oct. 23, 2011 (ABC News) -- ABCNEWS has learned that U.S. military personnel in three critical locations have been put on the very highest state of alert after being warned of potential terrorist atta...
Nuclear Calendar -- October 25, 2011 (FCNL)

Nuclear Calendar -- Oct. 25, 2011 Oct. 3-Nov.1 U.N. General Assembly'sFirst Committee(Disarmament and International Security) meets. United Nations. Oct. 22-30 Senate recess. O...
BofA Said to Split Regulators Over Moving Merrill Derivatives to Bank Unit (Bob Ivry, Hugh Son and Christine Harper)

Oct. 18, 2011 (Bloomberg) --Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according ...