Do The Poor Count? By Adam W. Parsons http://www.countercurrents.org/parsons190908.htm
An economic catastrophe occurred on August 26th 2008 that was quickly forgotten across the media: an extra 430 million people were classified overnight as absolutely poor. The cause was no tsunami or natural disaster, but simply the revisions of World Bank statisticians who adjusted the international poverty line from $1.08 to $1.25 a day Wall Street And Washington: How The Rules Of The Game Have Changed By Steve Fraser http://www.countercurrents.org/fraser190908.htm The times call for a new departure. The next administration, which will surely enter office under the greatest economic pressure in memory, must confront reality. The financial system is out of control and has led the economy into a wildly turbulent sea of heavily leveraged speculation After The Fall By Robert Weissman http://www.countercurrents.org/weissman190908.htm The current crisis is the culmination of a quarter century's deregulation. Even as the Fed and Treasury scramble to contain the damage, there must be a simultaneous effort to reconstruct a regulatory system to prevent future disasters Freddie, Fannie, Daddy, Nanny By Niranjan Ramakrishnan http://www.countercurrents.org/rama190908.htm To paraphrase Paul Krugman in today's NYT, a lot of Republicans are suddenly discovering that, contrary to the Reagan Doctrine, government is not the problem but the solution The Rich Screw Up, And The Taxpayer Loses! By Timothy V. Gatto http://www.countercurrents.org/gatto190908.htm Don't let me find out that the CEO of AIG is making millions off of my tax dollar. Now that they are government workers, let them be paid civil servant wages. That goes for ALL these bankers and investment bankers and CFO's and CEO's. If they take the taxpayer's money, they should be paid like the servants they now are. Do you think that will happen? Hardly The Dog Days Of September By Gary Corseri http://www.countercurrents.org/corseri190908.htm Historians may look back on September, 2008 as America's economic 9/11. Major financial institutions are collapsing—to use a bitter analogy--like the twin towers: first, Bear Stearns (already 6 months ago!); and now, Lehman Brothers, Merrill Lynch and the insurance giant A.I.G. Just as 7 years ago, we cry out, What hit us? Who did this? Why? India's Terror Laws: Fighting Terror The Terrorist Way By Badri Raina http://www.countercurrents.org/raina190908.htm And those questions are not being asked just by India's Muslims; they are also being asked by India's Christians, Dalits, women, forest-dwelling tribals, disenfranchised oustees, landless farm labour, ethnic minorities. They are in the eyes of the hundreds of thousands of children who suffer malnutrition, abuse, denial of education, and whose lives expire prematurely from labour and disease. They are being asked, in short, by some 77% Indians who spend less than fifty cents a day Singur – A Case Study By Saibal Bishnu http://www.countercurrents.org/bishnu190908.htm Singur will remain a case study for the left in India, on how to go about deciding and implementing policies under a restricted condition, also the dialectical relation between the party and its government would have to be sorted out in cases of these contradictions -- Dr.V.N.Sharma http://canvas.nowpos.com/vnsharma
