Coming Up: IMC benefit concert featuring Black Bear Bakery's new autumn menu! November 18 starting at 7PM
Economics
The global crisis is a crisis of capitalism
It is time for the workers and the poor in the Philippines to prepare for the worse the moment its government keeps on repeating the mantra that the economic fundamentals remain good and thus there is little to worry about effects of the global recessionary trend. The world found itself in the present mess precisely because of such blind faith in neoliberal fundamentalism.
The shallow basis for such declarations from the government is supposedly the fact that most of Philippine exports are being sent to China rather than the US. But China is just a transit point or a gigantic department in the assembly line that spans the globe. Thus exports to China will simply be assembled there and then ultimately sent to the US, Japan or Europe as finished products. Such is the international division of labor under the era of globalization.
International seminar to discuss how to exit the financial crisis announced
He criticized the conduction of economic policy by Brazilian Central Bank. "The CB is throwing money in the market without taking a specific concern with the change in the economic model, with public investment." Our concern is to analyze the crisis from the perspective of individuals, of the nation, and not from the perspective of the market, because the market heralds want to resolve now what themselves caused, with their bad
International seminar to discuss how to exit the financial crisis announced
Brazilian Paraná States’ governor Roberto Requião announced, Sunday (9) night in the auditorium of RTVE (Paraná State’s Public TV), that the State Government will sponsor a world seminar at Curitiba, to discuss the economic crisis.
He says the biggest obstacle to Brazil overcome the crisis and get strengthened out of it is the Central Bank’s President Henriq
He says the biggest obstacle to Brazil overcome the crisis and get strengthened out of it is the Central Bank’s President Henrique Meirelles, formed by the Bank of Boston, and that will do nothing that would undermine the private banks.
Carlos Lessa proposes control of exchange rate for Brazil to overcome the crisis.
The economist Carlos Lessa, former rector of the Federal University of Rio de Janeiro and former president of BNDES – National Bank to Economic and Social Development, proposes control of exchange as the primary measure for Brazil overcome the economic worldwide crisis, responsible for bankruptcy of several banks and even nations such as Iceland and Russia, which are at the verge of a moratorium.
Bringin' Back the Best of the 70's: Lower Emissions, Funk, and Style!
The 1Sky Campaign is holding a national Day of Action to carry the momentum from this year's election into the Capitol and White House. On Tuesday, November 18th, volunteers will gather all over the country-with help from 1Sky, the Energy Action Coalition and 350.org--to welcome the President-elect and the new Congress by calling on them to make climate an immediate priority in 2009.
St. Louis Events on November 18th Include:
2:30pm
Date:
11/18/2008 - 2:30pm - 11/18/2008 - 10:00pmSharp drop in migrants’ money transfers from US
Mexico depends on migrants' remittances for eight percent of its Gross Domestic Product compared to 12 percent in Guatemala and no less than 18 percent of El Salvador's GDP. And these are the official statistics, which do not include US dollars passing the US border under car mats.
by Martijn van Tol*
06-10-2008
The US credit crisis is also claiming victims far away from home. Latin American migrants in the US are sending far less money home than expected. The migrants and their families in their countries of origin are the victims of a faltering US economy. The double threat of job insecurity and inflation means that poverty is now a serious risk.
Reversed trend
The Death of Capitalism
The current crisis in capitalism may not be resolvable by traditional methods and lead to the death of capitalism
About 150 years ago, a very brilliant man named Karl Marx, developed an analysis of capitalism that stated that it was doomed to failure like the preceding economic systems of slavery and feudalism. Also, he analyzed history as a continuing class struggle between the haves and have-nots. His ideas so frightened the capitalist class that today the very name of Karl Marx inspires fear in a majority of working class people around the world due to the unrelenting corporate propaganda against his ideas and the man himself.
Another Puppet Ruler USA
'Twas an attempt by the media over the past few years to drive people insane over the matter of putting another "puppet ruler" in the White House to be manipulated by the ever-growing private army of Zion's Secrect Police; i.e. Secret Service, which must number @ 120,000 by now. It would be 250,000 if they kept up their growth rate from the second half of the last century....
Media Becomes Electoral USA
southeast us | elections | news report Monday November 14, 2008 16:12 by Bobby Meade - The Lord's
Another Puppet Ruler
Bush administration denies funding for FBI probe of mortgage mess
The Bush administration is rejecting FBI pleas for more agents to investigate crimes that helped trigger the global financial meltdown, bureau sources said this week.
Many more agents needed, official says
Friday, October 31, 2008
Last updated 2:54 p.m. PT
By PAUL SHUKOVSKY AND DANIEL LATHROP
P-I REPORTERS
"They are bogged down big-time or there would be some indictments by now," said a recently retired bureau official who played a pivotal role in setting FBI policy after 9/ 11.
Requiao and director of HSBC in Dubai offer more partnerships with Parana State
Boustany said to the governor that HSBC has anticipated the crisis of subprime and prepared itself to confront it. "Back in December, 2006 we saw the first signs of crisis, and so we did a provision of 2 billion dollars for the the possible default of borrowers," explained the executive.
The governor Roberto Requiao was received here Tuesday (28) by the Chief Executive of HSBC in the UAE, Walid Boustany,at the bank's regional headquarters in Dubai. The two talked about the position of HSBC in the region and the opportunities for investment and business partnerships between Parana and Middle Eastern countries.
SPREAD THE WEALTH OF WALL STREET, BIG OIL AND TAX-EVADING FOX!
The fascist Fox News of Rupert Murdoch has been whipping up a mania and false fear against socialism, Marxism and “spreading the wealth” But it is protecting only its own tax evasion and the speculative profit, predatory lending and price-gouging of Wall Street and Big Oil.
Led by rabid fascists Bill O’Reilly and Sean Hannity, Fox News is conjuring up a false phobia and paranoia against socialism and Marxism. Frothing in the mouth, Fox right-wing commentators are spreading the false fear that socialism and Marxism will grab income from the working-class and middle-class.
What these fascists hide is that it is the big greed-driven giant capitalist corporations like Fox News, Citicorp and ExxonMobil that have been fleecing Main Street with monopoly prices, predatory lending and media hyping the speculative bubbles.
