Portrait of Ex- President James Carter – Photo – (Wiki) – James Earl "Jimmy" Carter, File: PD-USGov-Military-Navy, JimmyCarterPortrait2.jpg, http://en.wikipedia.org/wiki/File:JimmyCarterPortrait2.jpg NYT, reproduced in Common Dreams – “The United States is abandoning its role as the global champion of human rights. Revelations that top officials are targeting people to be assassinated abroad, including American citizens, [...]
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Map of French “Mandate of Syria” – Photo – Mandate of Syria, (Wiki), Author: Map of the autonomous areas under the French Mandate of Syria before 1937 (specifically 1923). Author: HD1986 at en.wikipedia – http://en.wikipedia.org/wiki/File:Mandate_of_Syria.png Vietnam in the days of French Indo-China – A map of French Indochina prior to the First World [...]
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Written by Foras Teamhrach
“The recent announcements of mass layoffs by the US Postal Service, Procter & Gamble, and Archer Daniels Midland, together with the bankruptcies of Fuller Brush and American Airlines, have upended claims that the United States is in the midst of an “economic recovery.” In fact, the US economy remains mired in mass unemployment, with [...]
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Written by Foras Teamhrach
A credit default swap (CDS) is similar to a traditional insurance policy, in as much as it obliges the seller of the CDS to compensate the buyer in the event of loan default. http://en.wikipedia.org/wiki/Credit_default_swap http://upload.wikimedia.org/wikipedia/commons/0/0e/Chicago_bot.jpg A derivative instrument is a contract between two parties that specifies conditions—in particular, dates and the resulting values [...]
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Written by Foras Teamhrach
Wikipedia – Photo by Mike Edrington – Robert Reich at the University of Iowa, Sep. 7, 2011 -http://en.wikipedia.org/wiki/File:Robert_Reich_at_the_University_of_Iowa,_Sep._7,_2011.jpg Robert Bernard Reich: (born June 24, 1946) is an American political economist, professor, author, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter and was Secretary of Labor under [...]
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Written by Foras Teamhrach
United States – Despite global appeals for clemency, in the United States, the State of Georgia will execute Troy Anthony Davis in one of the most high-profile executions in the United States in years. Davis is scheduled to be killed by lethal ejection at 7:00 p.m. EDT, one day after the Georgia Board of [...]
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Written by Foras Teamhrach
@ AP May 13th, 2011 – “Newark Police headquarters at 31 Green Street, in Newark, N.J.” @ AP – “As 2010 drew to a close, the mayor of Newark, N.J., was staring into a budget abyss so deep that he sold 16 city buildings to pay the bills. They included the architecturally significant Newark [...]
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Written by Foras Teamhrach
Comment: Economist Dean Baker’s article on the S & P downgrade is interesting, especially in the light of the recent IMF pat on the head for Ireland’s policies of fiscal governance. What brought about the 2010 IMF “intervention” was the downgrading of Ireland by these rating agencies. Of note in the article is the [...]
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Written by Foras Teamhrach
@ Black Star News Editorial – http://www.blackstarnews.com/news/135/ARTICLE/7212/2011-03-22.html “President Barack Obama has earned an ugly blot on his political resume by agreeing to join in France’s and Britain’s imperial war of aggression against Libya. Many Black people will never forgive President Obama. The wrongful decision may cost him some significant votes in his bid for [...]
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Written by Foras Teamhrach
@ WSWS – “The US Federal Reserve Board secretly handed out trillions of dollars in virtually free loans to major American and European banks at the height of the financial crisis between 2007 and 2010, according to an article posted Sunday by Bloomberg News. The article, based on an independent investigation carried out by [...]
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