11/06/2008

Obama Picks Pro-Israel Hardliner For Top Post

 

By Ali Abunimah
During the United States election campaign, racists and pro-Israel hardliners tried to make an issue out of President-elect Barack Obamas middle name, Hussein. Such people might take comfort in another middle name, that of Obamas pick for White House Chief of Staff: Rahm Israel Emanuel

Obama Picks Pro-Israel Hardliner For Top Post
Thu, 06 Nov 2008 16:47:51 GMT

A young Dalai Lama.

 Tibet: trilogy of silent films from the 1940s, with a young Dalai Lama.
Xeni Jardin

Rating the agencies - Yahoo! Finance

...and then there's the credit rating agencies, classifying all those (now known as) toxic assets as AAA.

“Let me read this email to you. It’s a series of instant messages between Standard & Poor’s officials that were sent on April 7 2007.”


The speaker is John Yarmuth, a Democratic Congressman from Kansas. It’s Oct. 22, 2008, Yarmuth, a member of the House Committee on Oversight and Government Reform in Washington, D.C., is in the process of grilling two former executives at credit rating agencies, and one current one. (Ratings agencies represent just one of many players being assigned blame in the ongoing financial crisis.)

Yarmuth’s question is directed at Mr. Frank Raiter, the former head of the division in charge of rating mortgage backed securities at Standard & Poors.


“These employees are from the structured finance division,” Yarmuth goes on. “One writes: ‘By the way, that deal is ridiculous.’”

“The other writes back: “The model does not reflect even half of the risk.’”

“The first employee writes back: “Yeah, but we rate every deal. It could be structured by cows, and we would be rating it.’

“What exactly does this mean, Mr. Raiter, that the model ‘does not even capture half the risk?’”

Raiter takes a breath. “Collateralized Debt Obligations were driven by the diversity index,” he explains. “They are supposed to tell you if bonds are highly correlated or not. But I can remember days when I was requested to put ratings onto transactions I had not even seen.”

Rating the agencies - Yahoo! Finance

Can Obama Stop the Bush Administration's Final Economic Heist?


Terrible looting of public capital has a habit of taking place during periods of dramatic political transition, and Bush has one underway.
Plus major article in Rolling Stone.

Can Obama Stop the Bush Administration's Final Economic Heist?
Naomi Klein

U.S. Election: Pot a Winner

 

Voters dealt what may be a fatal blow to America's longest-running and least-discussed war -- the war on marijuana.

Pot Wins in a Landslide: A Thundering Rejection of America's Longest War
Rob Kampia, AlterNet
Wed, 05 Nov 2008 20:00:01 GMT

Economics can open to new realities

An analysis of the U.S. financial/political quagmire and some thoughts on a new paradigm of social organization.

The United States government has for two decades attempted to maintain a financial bubble rather than address the fundamental problems underlying the political economy. Our understanding of reality, rather than belief in the facade of false growth, offers a better platform on which to build a more reliable economic future. - Joe Costello

Economics can open to new realities
Wed, 05 Nov 2008 12:00:00 GMT

Barack Obama: How He Did It



Major look behind scenes from todays Newsweek election issue.

A team of NEWSWEEK reporters reveals the secret battles and private fears behind an epic election."

Barack Obama: How He Did It | Newsweek Politics: Campaign 2008 | Newsweek.com:

11/04/2008

Israeli industrial zones using West Bank as chemical dump

Don't read this if you're feeling a little low today.

The Israeli administration has buried more than 50 percent, or three million tons, of its nuclear and chemical waste in the occupied West Bank. Most of the waste comes from the Israeli industrial zones and is buried secretly causing slow death and disease as it seeps from the soil, PNN partner station Radio Dream reports.

[Uruknet 48504 04-nov-2008 08:13 ECT] Israeli industrial zones using West Bank as chemical dump

Only Nader Is Right on the Issues


By Chris Hedges —

Tomorrow I will go to a polling station in Princeton, N.J., and vote for Ralph Nader. I know the tired arguments against a Nader vote. But there is little disagreement among liberals and progressives about the Nader and Obama campaign issues. Nader would win among us in a landslide if this was based on issues.

For more details, please click on the link to read the article.

Only Nader Is Right on the Issues
Tue, 04 Nov 2008 13:25:00 GMT

Michael Moore And The Great Barack Hope

Reality check? What changes, what doesn't. Passing of the guards or the same old story.

By John Murphy
When Amy Goodman asked how Michael Moore could say that he was opposed to war and yet support a candidate who has announced his intentions to commit the same crimes against humanity as are being committed by the Bush cabal and which were committed by the Clinton regime, the rotund Republican-lite moviemaker said, well, I dont know if Im giving him the benefit of the doubt. Im hoping that he breaks his campaign promise, like all politicians do. Im counting on him to be a good politician and do that. Michael Moore is hoping that O-BOMB-A is just a liar instead of a mass murderer

Michael Moore And The Great Barack Hope
Tue, 04 Nov 2008 17:15:14 GMT

Cuts Targeted to Keep the Neo-Cons on Top

A little backgrounder on 'the Calgary School, Straussism and the Harperites world view.

by Frances Russell - October 10, 2006

Despite their professed Christian beliefs, many theological and social conservatives have a strong 'survival of the fittest' streak. They want a hierarchical society with heterosexual white males at the top.

read more

11/02/2008

Palin Punked by Faux Sarkozy Prank Call

 

Palin prank

In what will go down as one of the epic prank calls of all time, Canadian radio show jester Marc Antoine Audette got Sarah Palin on the phone Saturday by telling her French President Nicolas Sarkozy was calling. Oops.

READ THE WHOLE ITEM

11/01/2008

The Lost Synthesizer Classics of Ursula Bogner

 

It seems almost incredible that Ursula Bogner's musical talents should have remained undiscovered until now.

release1_pic2

Europe Seeks Moratorium to Protect Public Water from Privatization Push

The first-ever pan-European civil society coalition against water privatisation was launched last week during the European Social Forum in the Swedish city Malmö. Including citizens groups from Italy, Germany, France, Spain, Turkey and a dozen other countries across Europe, the European Network for Public Water will insist on major changes in EU policies towards water management, away from the current pro-privatisation approach.

Europe Seeks Moratorium to Protect Public Water from Privatization Push
Olivier Hoedeman, Corporate Europe Observatory