The next Treasury secretary of the United States will be a long-time close confidante of President Obama, a man described as a “Washington insider” and veteran of the financial industry adept at cutting backroom deals, and an economic disciple of the men and ideologies that many blame for the deregulation of the nation;s financial markets [...]
Days after systematic rate-fixing of the London exchange responsible for setting most of the world’s lending rates was uncovered at Barclays, leading to the resignation of that bank’s top executives, the scope of the “Libor” — “London interbank offered rate” — scandal has spread to more banks and could generate criminal charges on both sides [...]
AS WORLD PRAYS FOR PEACE ON EARTH, PENTAGON PREPARES FOR FULL SPECTRUM DOMINANCE OF THAT EARTH (Global Research) Michel Chossudovsky and Finian Cunningham, for Global Research, review the history across presidential administrations from Truman to Obama, and embracing the leadership of both major U.S. parties of an agenda of promoting what George H.W. Bush called [...]
CRISIS IN PAKISTAN: “THEY DEMONSTRATE COMPLETE DISREGARD FOR INTERNATIONAL LAW AND HUMAN LIFE, AND ARE IN STARK VIOLATION OF PAKISTANI SOVEREIGNTY.” The already-crumbling relationship between the United States government and Pakistan was dealt a new blow over the weekend when 25 Pakistani soldiers were killed in an air strike launched by US forces. It was [...]
PRESIDENT OBAMA’S STATE OF THE UNION: NOT “SATISFYINGLY PROGRESSIVE.” (Reuters) (The Nation) The Nation’s John Nichols grades the president’s State of the Union and finds some things to applaud but many more that ought to be troubling for progressives. What Nichols calls Obama’s “Dwight Eisenhower speech” was big on unity, hopeful rhetoric and a supposedly [...]
A time of transition to a new presidency is always a period of reflection on our national future and a time to consider the sources of the problems that come from our past. The “yes we can” slogan of the Obama campaign and the enthusiasm for a history that supposedly will begin as soon as [...]
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