China Paper Urges New Currency Order After "Financial Tsunami"
By Reuters
Threatened by a "financial tsunami," the world must consider building a
financial order no longer dependent on the United States, a leading Chinese
state newspaper said on Wednesday.
http://www.informationclearinghouse.info/article20798.htm
===
America and China Joined at the Hip
By DAVE LINDORFF
With the government now having spent over $800 billion in less than a year
shoring up tottering financial companies that had become little more than
casinos (and rigged ones at that), America is looking increasingly like China,
a country where the state has been gradually getting out of the business of
directly owning companies.
http://www.informationclearinghouse.info/article20797.htm
===
In Case You Missed It
The Meaning of the Collapse of Lehman Brothers
By Sam Marcy
The following article, written by Workers World Party chairperson Sam Marcy
in the April 26, 1984, issue, holds tremendous lessons today as a growing
number of Wall Street firms are collapsing with no end in sight. The root cause
of the Lehman Brothers' crisis 24 years ago was attributed to its merger with
Shearson/American Express.
http://www.informationclearinghouse.info/article20801.htm
===
Socialism or Barbarism
By Frank Scott
While the dreadful Bush regime nears its end, the policies in place since
long before it took power will continue destroying the American empire no
matter which new gang attempts to control the crumbling operation. But so long
as major media serve as stenographers for establishment power, the public will
continue to be treated as preschool children and given naps between sweet
treats and nursery rhymes. In fact, if we let under paid child care workers
take over our government and media, we'd all be much better served.
http://www.informationclearinghouse.info/article20805.htm
===
No Bull
On Ethics, Deregulation and Financial Chaos
By William A. Cohn
US government policy has encouraged recklessness - most recently by taking
extraordinary measures to privatize gains while socializing losses. As part of
the agenda of its so-called ownership society (excepting ownership of
responsibility by powerful bankers and insurers who fail) the govt. even sought
to privatize public obligations - recall the Bush proposal to privatize social
security. So why not play fast and loose if the rules are heads I win tails you
lose?
http://www.informationclearinghouse.info/article20800.htm
===
You've Been "Shafted" (Again)
By Larry Dorshkind
The ultimate tax obligation of your family figure is humongous? Just to
give you a little sense of the scale, though, the present $9.5 trillion
National Debt works out to be $38,000 per person (based on 250,000 Americans
who can be expected to pay taxes). Therefore, for your 6-member family unit,
your obligation for the current National Debt is $228,000.
http://www.informationclearinghouse.info/article20802.htm
===
The MSM Jumps on the Economic Bandwagon
By Kathy Sanborn
So the US economy is on the brink? Yawn. Tell me something I didn't know at
least two years ago. Now the mainstream media have been given the green light
to announce, bold as you please, that we are in for some pretty tough times,
but Internet news and blog readers have known about our faltering financial
system for a long, long time. Now, in the mainstream press, it has become
popular to state the obvious: the country is broke.
http://www.informationclearinghouse.info/article20806.htm
===
In Case You Missed It
Corporations Not Paying Income Tax
By LYNNLEY BROWNING
Two out of every three United States corporations paid no federal income
taxes from 1998 through 2005, according to a report released Tuesday by the
Government Accountability Office, the investigative arm of Congress.
http://www.informationclearinghouse.info/article20799.htm
===
Senate Passes $612 bln Defense Spending Bill
By Jim Wolf
The U.S. Senate on Wednesday overwhelmingly approved a $612.5 billion
defense spending bill for fiscal 2009, including $70 billion for operations in
Iraq and Afghanistan. As passed on an 88-8 vote, the measure would authorize
$103.9 billion for Pentagon procurement, $1.2 billion more than President
George W. Bush's request. Overall, Bush had asked for $611.1 billion for
national defense.
http://www.informationclearinghouse.info/article20796.htm
Ron Paul Fox News 9/17/08 AIG bailout
http://www.youtube.com/watch?v=CcfaORVl0Zg
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