Last Wednesday was a hinge point in history. The United States decided to drop all pretence of being interested in leading – or even being part of – a coordinated global policy response to the most serious economic crisis in more than 70 years.
Up until now, the rest of the world has been willing to tolerate unprecedented money-printing by the US – and the UK for that matter. QE has been used to help various financial institutions avoid facing up to their losses, while covertly recapitalising Western banks that are, to all intents and purposes, insolvent. Money-printing has also pumped up equity prices. After the latest Fed-induced "sugar rush", the FTSE global all-share index hit a two-year high.
In my reporting, I regularly travel to banana republics notorious for their inequality. In some of these plutocracies, the richest 1 percent of the population gobbles up 20 percent of the national pie. But guess what? You no longer need to travel to distant and dangerous countries to observe such rapacious inequality. We now have it right here at home — and in the aftermath of Tuesday’s election, it may get worse.
Israeli police demolished an illegally built mosque in this impoverished Arab town on Sunday, touching off rock-throwing protests by residents and fueling new grievances against the government by the country's Arab minority.
The revelation by Wikileaks of a US military order directing US forces not to investigate cases of torture of detainees by Iraqis has been treated in news reports as yet another case of lack of concern by the US military about detainee abuse.
A survey of the seafloor near BP’s blown-out well in the Gulf of Mexico has turned up dead and dying coral reefs that were probably damaged by the oil spill, scientists said Friday. The coral sites lie seven miles southwest of the well, at a depth of about 4,500 feet, in an area where large plumes of dispersed oil were discovered drifting through the deep ocean last spring in the weeks after the spill.
Researchers at Cambridge University have discovered how tumour cells protect themselves from the body's natural defences.
U.S. Republican Representative Ron Paul on Thursday said he will push to examine the Federal Reserve's monetary policy decisions if he takes control of the congressional subcommittee that oversees the central bank as expected in January.
"The Quaids are victims and the government controlled media is aware of it. Call it ‘organized gang stalking’, microwave energy assaults, forced heart attacks, or otherwise - these are criminals assaults." - D. Miles
Last month, when Breast Cancer Action, a non-profit advocacy organization, attempted to rent a billboard in Indianapolis, they got the kibosh by every rental company in the city.
