In January, Barack Obama will become the 44th Commander-in-Chief of the U.S government, which controls and protects an empire of corporations, banks, military bases and occupying armies all around the world. Obama has reached this position by loyally serving this bipartisan system in the U.S. Senate and by being vetted, tested and auditioned over the…
Category: International
Financial Collapse, Systemic Crisis ?
Illusory answers and necessary answers* To attract the attention on the financial collapse is not enough. Behind it, a crisis of real economy is standing out, since the financial drift was continuously asphyxiating the growth of the production basis. Solutions brought to the financial crisis can just lead to a crisis of the real economy,…
The Winter of Global Economic Discontent
Time to Move to Plan B … If There is One The global economy is being sucked into a black hole and most Americans have no idea why. The whole problem can be narrowed down to two words; “structured finance”. BY MIKE WHITNEY Counterpunch INTERNATIONAL Posted by Bulatlat “The Winter of 2008-2009 will prove to…
Housing is Bad Enough, but Wait – It’ll Get Worse
If you think the housing slump can’t get much worse, Martin Feldstein thinks that both home prices and the broader economy can – and very likely will – get a whole le lot worse. BY KEVIN G. HALL McClatchy Newspapers/Truthout INTERNATIONAL Posted by Bulatlat Washington – If you think the housing slump can’t get much…
Crisis Talks to Confront Dueling Demands*
Leaders of the world’s 20 biggest economies will confront dueling demands for action when they gather here Saturday in the highest-level acknowledgement so far that the global economy is in crisis. The most spectacular and damaging financial crisis in more than half a century has spurred a flurry of measures and proposals to stabilise markets,…
Heading for the First Hundred Days
Each week brings a terrifying lurch, like a house on the edge of some cliff being pounded into slush by a Pacific storm. On the Doppler radar, we can see financial storm after financial storm lined up out there. Next to burst: the credit card overhang, of some $2.8 trillion in consumers’ plastic debt, much…
The Danger of Keeping Robert Gates*
Press reports say Barack Obama may retain George W. Bush’s Defense Secretary Robert Gates as a gesture to war-time continuity, bipartisanship and respect for the Washington insider community, which has embraced Gates as something of a new Wise Man. However, if Obama does keep Gates on, the new President will be employing someone who embodies…
Int’l Rights Groups Urge Obama to Take Up Human Rights
Two international human rights groups have called on US President-elect Barack Obama to take concrete steps to address human rights concerns. BY BULATLAT INTERNATIONAL Two international human rights groups have called on US President-elect Barack Obama to take concrete steps to address human rights concerns. In its statement Nov. 5, Amnesty International urged US President-elect…
President-Elect Obama: History, Challenges & Possibilities
Progressives will need to perfect an approach of “critical support” towards the Obama administration. If one really wants to advance an approach of critical support for the incoming Administration, it will mean creating the grassroots organizational structures around the country that are capable of educating and mobilizing the millions of people who are seeking a…
Bring on the Puppy and the Rookie
I walked over to the White House Tuesday night and leaned against the fence. How can such a lovely house make so many of its inhabitants nuts? BY MAUREEN DOWD WASHINGTON The New York Times Posted by Bulatlat I walked over to the White House Tuesday night and leaned against the fence. How can such…
The Crisis In Germany, Das Kapital & The Poll Results
Yes, the big economic crisis is hitting Germany, too. The signs are first, the government coalition conducted hasty meetings to come up with a decision to allot 500 billion Euros top save suffering banks; Karl Marx’s famous book ‘Das Kapital’ is selling better than it has for years; employees of the Opel auto plant in…