Network Archives

Kicking The Iraqis When They’re Down

"Yes, the Hamiltonians are moving in, and they're bearing the gifts of 'Modern Banking'. Those gifts include: Inflation, Credit Expansion, Business Cycles (Booms/Busts), bailouts, and broken financial lives. Iraqis can probably expect to see ads for some sweet and exotic loan packages in their future. And if they're lucky, perhaps some American mathematical 'economists' will fly over to teach them about the advantages of a 4% inflation rate over a 2% rate. If Iraqis are really lucky, they'll learn the time-tested secrets that 'deficits don't matter' and 'debts never have to be repaid'. Yes, the corrupt days in Iraq are about to wind down for sure." Continue reading →

Continue ReadingKicking The Iraqis When They’re Down

What Does History Say About U.S. Success in Arming Rebel Movements?

"So what does history say about how successful the U.S. has been in arming rebel opposition movements? On that, we get two views, Michael Pillsbury was assistant undersecretary of defense for policy planning during the Reagan administration. He was responsible for coordinating covert aid to the Afghanistan mujahideen in their fight against the Soviets. He's now a senior fellow at the Hudson Institute and still advises the Defense Department. And Robert Dreyfuss is a journalist and contributing editor at 'The Nation' and author of the book 'Devil's Game: How the United States Helped Unleash Fundamentalist Islam.'" Continue reading →

Continue ReadingWhat Does History Say About U.S. Success in Arming Rebel Movements?

Boots on the ground in Egypt: trading one dictator for another [2011]

"Sure, Hosni Mubarak is now standing trial after 3-decades of looting and pillaging his country’s wealth. For most Egyptians, this is viewed as a major victory; there is a feeling of intense optimism here on the streets of Cairo, and even though nothing is fundamentally different, expectations are high. Mubarak was a symbol of tyranny, and a great deal of blood was shed to topple his regime. Unfortunately, Egyptians have essentially replaced one form of dictatorship with another. There is now one person in charge of Egypt– military Supreme Commander Mohamed Hussein Tantawi." Continue reading →

Continue ReadingBoots on the ground in Egypt: trading one dictator for another [2011]

Jimmy Carter: U.S. Has ‘A Cruel and Unusual Record’

“Recent legislation has made legal the president’s right to detain a person indefinitely on suspicion of affiliation with terrorist organizations or ‘associated forces,’ a broad, vague power that can be abused without meaningful oversight from the courts or Congress. In addition to American citizens’ being targeted for assassination or indefinite detention, recent laws have canceled the restraints in the Foreign Intelligence Surveillance Act of 1978 to allow unprecedented violations of our rights to privacy through warrantless wiretapping and government mining of our electronic communications.” Continue reading →

Continue ReadingJimmy Carter: U.S. Has ‘A Cruel and Unusual Record’

U.S. missile defense system test sputters out

"A test of the only U.S. defense against long-range ballistic missiles failed on Friday, the third consecutive failure involving the interceptor system managed by Boeing Co, the Defense Department said. The Pentagon said this week that the test would not affect its decision to bolster the U.S. missile defense system. Defense Secretary Chuck Hagel announced the move in March following threats by North Korea. Under that plan, the Pentagon will add 14 new anti-missile interceptors at a total cost of nearly $1 billion." Continue reading →

Continue ReadingU.S. missile defense system test sputters out

Snowden leaks now threaten U.S.-EU cooperation on travel, financial data

"The European Union is threatening to suspend two agreements granting the United States access to European financial and travel data unless Washington shows it is respecting EU rules on data privacy. Struck in the wake of the September 11, 2001 attacks and regarded by Washington as important tools in the fight against terrorism, the Terrorist Finance Tracking Program (TFTP) provides the U.S. Treasury with data stored in Europe on international financial transfers, and the Passenger Name Record agreement covers data provided by passengers when booking tickets and checking in for flights. All such information is passed to Homeland Security." Continue reading →

Continue ReadingSnowden leaks now threaten U.S.-EU cooperation on travel, financial data

Venezuela inflation soars to record monthly high 6.1%; 35% annualized

"Last month's consumer price rises, up from 4.3 percent in April, took Venezuela's annualized inflation rate to a startling 35.2 percent, the highest in the Americas. A lack of hard currency has left businesses struggling to import key consumer products. Long queues at shops, and even scuffles, have become common as Venezuelans face shortages of basic goods from toilet paper to wheat flour. A devaluation of the bolivar currency in February, and heavy government spending throughout 2012 when Chavez won re-election, have exacerbated price pressures in Venezuela, which has for decades suffered high inflation." Continue reading →

Continue ReadingVenezuela inflation soars to record monthly high 6.1%; 35% annualized

Nicaragua, Venezuela willing to take in Edward Snowden

"The quest by NSA leaker Edward Snowden for a safe haven has taken a turn toward Latin America, with offers for asylum coming from the leftist presidents of Nicaragua and Venezuela. But there were no immediate signs that efforts were under way to bring him to either nation after Nicolas Maduro of Venezuela and Daniel Ortega of Nicaragua made their offers during separate speeches in their home countries Friday. The offers came one day after leftist South American leaders gathered to denounce the rerouting of Bolivian President Evo Morales’ plane over Europe amid reports that the fugitive American was aboard." Continue reading →

Continue ReadingNicaragua, Venezuela willing to take in Edward Snowden

Jimmy Carter: ‘A Cruel and Unusual Record’

"Recent legislation has made legal the president’s right to detain a person indefinitely on suspicion of affiliation with terrorist organizations or 'associated forces,' a broad, vague power that can be abused without meaningful oversight from the courts or Congress. In addition to American citizens’ being targeted for assassination or indefinite detention, recent laws have canceled the restraints in the Foreign Intelligence Surveillance Act of 1978 to allow unprecedented violations of our rights to privacy through warrantless wiretapping and government mining of our electronic communications." Continue reading →

Continue ReadingJimmy Carter: ‘A Cruel and Unusual Record’