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From: Information Clearinghouse
Sent: Monday, September 29, 2008 2:31 PM
Subject: ICH: Mike Whitney: Black Monday?
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Information Clearing House Newsletter
News You Won't Find On CNN
29/09/08
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snip / see ICH main page here http://tinyurl.com/dy6yy
===
House Rejects $700 Billion Rescue Plan
29/09/08
The U.S. House of Representatives on Monday defeated a $700
billion emergency rescue package, ignoring urgent pleas from President Bush and
bipartisan congressional leaders to quickly bail out the staggering financial
industry.
http://www.informationclearinghouse.info/article20895.htm
===
Black Monday? Global Investors vote "No" on Paulson's Bailout
By Mike Whitney
The bill is just Paulson's way of carving a silver canoe for he
and his brandy-drooling investor buddies so they can paddle away to some island
paradise while the rest of us drown in a bottomless ocean of debt.
http://www.informationclearinghouse.info/article20900.htm
===
The Paulson Plan
The Rise Of The American Oligarch Class
By Robert Wenzel
Is the play for the Oligarchs to grab the banks, the assets and
the mortgages and then inflate the money supply boosting the value of all these
assets by trillions, while the rest of us simply get to deal with the price
inflation as higher prices at the grocery store, the gas pump and everywhere
else?
http://www.informationclearinghouse.info/article20892.htm
===
I've Watched the Economy for 30 Years. Now I'm Truly Scared
By Will Hutton
If more people understood what has happened in the British and
American banking system, the financial crisis would only be containable by the
immediate partial nationalisation of every bank in Britain and America..
http://www.informationclearinghouse.info/article20893.htm
===
The Rich Are Staging a Coup This Morning
By Michael Moore
After stealing a half trillion dollars to line the pockets of
their war-profiteering backers for the past five years, after lining the
pockets of their fellow oilmen to the tune of over a hundred billion dollars in
just the last two years, Bush and his cronies -- who must soon vacate the White
House -- are looting the U.S. Treasury of every dollar they can grab.
http://www.informationclearinghouse.info/article20891.htm
===
A Shattering Moment In America's Fall From Power
By John Gray
The global financial crisis will see the US falter in the same
way the Soviet Union did when the Berlin Wall came down. The era of American
dominance is over.
http://www.informationclearinghouse.info/article20899.htm
===
In case you missed it
Bin Laden: Goal Is To Bankrupt U.S.
Al-Jazeera releases full transcript of al Qaeda leader's tape
"We are continuing this policy in bleeding America to the point
of bankruptcy. Allah willing, and nothing is too great for Allah," bin Laden
said in the transcript. He said the mujahedeen fighters did the same thing to
the Soviet Union in Afghanistan in the 1980s, "using guerrilla warfare and the
war of attrition to fight tyrannical superpowers."
http://www.informationclearinghouse.info/article20896.htm
===
In case you missed it
Bush Wants To Bankrupt America: There is Method To His Madness
By Sam Hamod
This plan is so obvious at this point that it is hard to
believe because it is happening so fast and the Democrats and even conservative
non- neo-con Republicans don't realize what Bush and his neo-con buddies are up
to.
http://www.informationclearinghouse.info/article3977.htm
===
Ahmadinejad Accepts Israel's Right to Exist
By Peter Tatchell
The Iranian president has said he would accept a two-state
solution if the Palestinians agree. So where are the headlines?
http://www.informationclearinghouse.info/article20898.htm
===
America Should Listen To Ahmadinejad
By aul Craig Roberts
The hubris of Americans and their belief in U.S.
"exceptionalism" would cause them to reject Ahmadinejad's holding the US, its
NATO puppets, and Israel accountable before the UN General Assembly. So
successfully has Ahmadinejad been demonized by the propagandistic US media that
his speech would be dismissed out of hand by the arrogance of those who regard
themselves as the salt of the earth.
http://www.informationclearinghouse.info/article20897.htm
===
snip / see here http://tinyurl.com/dy6yy
===
Bush Had No Plan to Catch Bin Laden after 9/11: -
New evidence from former U.S. officials reveals that the George
W. Bush administration failed to adopt any plan to block the retreat of Osama
bin Laden and other al Qaeda leaders from Afghanistan to Pakistan in the first
weeks after 9/11. That failure was directly related to the fact that top
administration officials gave priority to planning for war with Iraq over
military action against al Qaeda in Afghanistan.
http://www.ipsnews.net/news.asp?idnews=44054
====
Russia blasts US:
"It has become crystal clear that the solidarity expressed by
all of us after 9/11 should be revived through the concepts cleared of
geopolitical expediency and built on the rejection of double standards when we
fight against any infringements upon the international law - be it on the part
of terrorists, belligerent political extremists or any others."
http://www.thenews.com.pk/daily_detail.asp?id=138512
====
Six powers to 'move forward' on further steps against Iran:
Rice:
The six powers trying to scale back Iran's nuclear" ambitions"
will "move forward" with further measures against Iran over its nuclear
"defiance", US Secretary of State Condoleezza Rice said here Monday.
http://news.yahoo.com/s/afp/20080929/pl_afp/irannuclearpoliticsus_080929150712
===
Israel slams fresh Arab move to isolate it at IAEA:
Arab League states with Iran's backing prepared to table a
resolution called "Israel's nuclear capabilities" urging all Middle East states
not to test or develop atom bombs and not to stand in the way of a regional
nuclear-free zone.
http://www.haaretz.com/hasen/spages/1025465.html
====
Olmert: Israel must quit East Jerusalem and Golan:
Outgoing Prime Minister Ehud Olmert said in remarks published
Monday that Israel would have to withdraw from East Jerusalem and the Golan
Heights if it was serious about making peace with the Palestinians and Syria.
http://www.haaretz.com/hasen/spages/1025411.html
===
Palestinian factions reject Hamas demand to hold unilateral
dialogue with Fatah;
Hamas wanted to hold unilateral dialogue with Fatah first
before opening the door for the rest of the factions, which rejected Hamas
demands, the sources revealed.
http://news.xinhuanet.com/english/2008-09/28/content_10129105.htm
===
Fatah official admits U.S. vetoes national Palestinian
dialogue:
A leader from Palestinian President Mahmoud Abbas' Fatah
movement on Sunday admitted that Washington vetoes talks between Fatah and its
rival Hamas movement.
http://news.xinhuanet.com/english/2008-09/28/content_10129096.htm
====
Hugo Chavez wants Venezuela to build nuclear programme:
Venezuelan President Hugo Chavez has announced he wants the
country to develop a nuclear programme with the help of Russia. He insists, as
do the Iranians, that it would be for purely peaceful purposes.
http://tinyurl.com/534uvw
===
The American Dream?:
Medical costs force couples to divorce:
Rudy Friece had to divorce his wife of 48 years, Emily Friece,
who has now passed away, so that she could get Medicaid for her chemotherapy
treatments, which wouldn't be provided to her if she remained married.
http://tinyurl.com/3sny7b
====
Five UK banks may qualify for US bailout package':
"Britain's five leading high street banks have as much as 95.3
billion pounds (USD 175 billion) of distressed assets on their books that may
qualify for the American bailout scheme," The Times reported.
http://tinyurl.com/4vm7ct
====
Dow falls 700: Blue chips off as much as 700 points at Monday
low,
Nasdaq off 6%: Stocks sell off as Wall Street begins to throw
in towel on bailout
http://tinyurl.com/3jm2k7
===
Fed Pumps Further $630 Billion Into Financial System:
The Fed increased its existing currency swaps with foreign
central banks by $330 billion to $620 billion to make more dollars available
worldwide. The Term Auction Facility, the Fed's emergency loan program, will
expand by $300 billion to $450 billion. The European Central Bank, the Bank of
England and the Bank of Japan are among the participating authorities.
http://tinyurl.com/4lq55c
====
Bank bailouts : U.S. Stock-Index Futures Retreat; Citigroup,
Wachovia Slump:
Investor Marc Faber, who predicted the 1987 ``Black Monday''
crash, said last week the rescue package may require as much as $5 trillion.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aRYu2sd9eqUI&refer=us
===
U.S. stocks hammered as Fed adds more liquidity:
U.S. stocks plunged Monday as the global credit crisis spread,
with four bailouts in Europe and the takeover of Wachovia Corp. in the U.S.
roiling securities, commodities and currencies markets and forcing major
central banks to pump hundreds of billions of dollars more into the financial
system.
http://tinyurl.com/3uvqjs
===
Protests on Wall Street - what the news media isn't showing
you?:
Hundreds of protestors demonstrated agains the proposed $700
Billion bail out plan for the finance and banking industry, yet the national
news media in America didn't even report it! Why not
http://hubpages.com/hub/Protests-on-Wall-Street---what-the-news-media-isnt-showing-you
===
Tories 'bankrolled by the City wolves' who made a killing from
financial crash:
Party leader David Cameron has apparently accepted almost
£2million from the wealthy financiers who are members of his exclusive
'Leader's Group' dining club.
http://tinyurl.com/4n627v
====
Who is Henry Paulson?:
According to the International Herald Tribune, Paulson "was
one of the first Wall Street leaders to recognize how drastically investment
banks could enhance their profitability by betting with their own capital
instead of acting as mere intermediaries." Paulson "stubbornly assert[ed]
Goldman's right to invest in, advise on and finance deals, regardless of
potential conflicts."
http://www.wsws.org/articles/2008/sep2008/paul-s23.shtml
===
Let us work towards Peace and Joy
Tom Feeley
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