Viewpoint - Food Crisis
The spate of food riots seen across the developing world in recent months lays bare the fragility of globalisation and is an indictment on the World Bank and IMF and their dogmatic free market liberalisation agenda.
vidéo:
http://internationalnews.over-blog.com/article-19034971.html
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Food Crisis, the World Bank and IMF (video, 4mn)
25 April 2008 par (Open-Publishing)
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Lawmakers Heavily Invested in Military Industrial Complex
5 April 2008 par (Open-Publishing)
Published on Friday, April 04, 2008. Source: Associated Press WASHINGTON (AP) — Members of Congress have as much as $196 million collectively invested in companies doing business with the Defense Department, earning millions since the onset of the Iraq war, according to a study by a nonpartisan research group.
Not all the companies in which lawmakers invested are typical defense contractors. Corporations such as PepsiCo, IBM, Microsoft and Johnson & Johnson have at one point received (…) -
USA 2008: The Great Depression
1 April 2008 par (Open-Publishing)
USA 2008: The Great Depression
Food stamps are the symbol of poverty in the US. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive – a sure sign the world’s richest country faces economic crisis
By David Usborne in New York
Tuesday, 1 April 2008
We knew things were bad on Wall Street, but on Main Street it may be worse. Startling official statistics show that as a new economic recession stalks the United States, a record number of (…) -
Alan Greenspan at the Feds : A Disaster for America
29 March 2008 par (Open-Publishing)
“Alan Greenspan had a ‘calming’ influence...on Wall Street!” - Sen. Hillary Clinton (D-NY), a wannabe President of the U.S.
How did Alan Greenspan ever get appointed to the chair of the prestigious Federal Reserve? This is the same guy who told a federal regulator, in 1984, not to worry about the Saving & Loan Industry. This was just before “15 of the 17 thrifts,” he said were sound, went under. That fiasco cost the taxpayers a whopping “$3 billion in losses.” Now, Greenspan’s shaky (…) -
BEAR STEARNS PROTEST WEDNESDAY: THE PRESS RELEASE
26 March 2008 par (Open-Publishing)
9 commentsBEAR STEARNS PROTEST WEDNESDAY: THE PRESS RELEASE
HOMEOWNERS DEMONSTRATE AGAINST TAXPAYER BAILOUT OF WALL STREET WHILE THE GOVERNMENT ABANDONS AT-RISK HOMEOWNERS
(Jamaica Plain, MA)
On Wednesday March 26th at 12:00 noon in front of JPMorgan Chase and Bear Stearns corporate offices at 47th and Park Avenue, hundreds of homeowners will take to the streets of New York. The demonstration organized by the Neighborhood Assistance Corporation of America (NACA) will protest the taxpayer bailout (…) -
Credit crunch ’at $1.2 trillion’
26 March 2008 par (Open-Publishing)
1 commentCredit crunch ’at $1.2 trillion’
The credit crunch will globally cost $1.2 trillion (£600bn) according to a report from the bank Goldman Sachs.
The report says 40%, or $460bn, of those losses will hit US banks, brokerages and other institutions.
Goldman estimates that US financial firms have already reported losses of $120bn since the credit crunch began.
Banks made huge losses on investments backed by US mortgages. That is now hampering their ability to loan money, which (…) -
How To Save Homeowners And Banks From The Mortgage Mess On The Cheap
19 March 2008 par (Open-Publishing)
How To Save Homeowners And Banks From The Mortgage Mess On The Cheap
By Daniel A. Stafford 03/19/2008
The simplest answer is to move stressed home owners "down market."
For example:
Joe Doe owns a $400k house. His payments are $2800.00 per month including tax and insurance escrow, as he only has five percent equity in the house. Joe Doe has an ARM that is going to start floating its interest rate against a foreign exchange rate in six months. Joe’s house is now worth $375k due to the (…) -
Global Elites Gone Bonkers
18 March 2008 par (Open-Publishing)
1 commentEver heard of the wolf in sheep clothing? Bill Gross, manager of the world’s largest bond mutual fund, sums it up like this: it is ’Frankensteinian’ levered body of shadow banks promoting a chain letter, pyramid scheme of leverage’ in his January newsletter...
The Transparency Black Hole And The bailout Game_
Last January the Davos elites (’they’) gathered again to discuss the possible options as the world economy and the fabric of societies deteriorates to a point of no return. The (…) -
NewWorldOrder is Unconstitutional via Section 8 of USA Constitution
18 March 2008 par (Open-Publishing)
2 commentsThe basis of all modern slavery is economics of money supply and control. All problems today in terms of war / employment / tax structure / and human suffering according to resource cost and control emminate from the world wide and especially in the USA private control of the money supply and it’s illegal regulation as a private corporation not operating under direct congressional control.
In fact the US constitution in section 8 states that congress (only), not a agent, sub contractor, or (…) -
Fed Cuts Discount Rate, Expands Loans to Avert Crisis
17 March 2008 par (Open-Publishing)
Fed Cuts Discount Rate, Expands Loans to Avert Crisis
By Scott Lanman and Craig Torres
March 17 (Bloomberg) — The Federal Reserve, struggling to prevent a meltdown in financial markets, cut the rate on direct loans to banks and became lender of last resort to the biggest dealers in U.S. government bonds.
In its first weekend emergency action in almost three decades, the central bank lowered the so-called discount rate by a quarter of a percentage point to 3.25 percent. The Fed also (…)