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Topic: News from The Empire
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 06 July 2007 07:51 PM
quote: And us, for three days and nights we would roam the rooms like animals in a cage, pacing back and forth...Praying, crying, bargaining, pleading, supplicating, begging, God, the Universe, the Darkness, the Silence, the Walls....
A Postcard from Iraq[ 06 July 2007: Message edited by: Frustrated Mess ]
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 11 July 2007 06:31 AM
quote: A Mexican guerrilla group claimed responsibility for bomb attacks on natural gas pipelines owned by Mexico's state oil company, carried out today and last week.The group, the Popular Revolutionary Army, said the sabotage will continue until President Felipe Calderon and the governor of the state of Oaxaca, Ulises Ruiz, return alive three missing members. Calderon ordered heightened security at Mexico's ``strategic installations,'' presidential spokesman Maximiliano Cortazar said. The group's threat, posted to a Web site used by revolutionary organizations, adds to a sense of insecurity created by mounting drug violence that has killed more than 1,300 people this year. Calderon, whose popularity surged following his military crackdown on traffickers, now confronts an armed political group destroying state assets and refusing to recognize his presidency
Rebels blast gas
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 11 July 2007 11:38 AM
quote: As Iraq continues to disintegrate, and our top generals and in-country ambassador predict that U.S. troops will need to die there for decades in order to prevent a full-scale regional blood bath, it is important to recall the reasons why we got into this mess. The marker of what will go down in history as "Bush's folly" is that this idiot of a president invaded a country that had absolutely nothing to do with terrorist attacks on the United States or WMD threats to America while coddling the military junta in Pakistan, which was guilty on both counts.... The Times quoted Bruce Hoffman, a terrorism expert at Georgetown University, as saying, "The reluctance to take risk or jeopardize our political relationship with Musharraf may well account for the fact that five-and-a-half years after 9/11, we are still trying to run bin Laden and Zawahiri to ground."
Or maybe it is because they remain important CIA assets ...
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 13 July 2007 06:23 PM
quote: Iraqi Kurdish officials say the Iranian military has shelled an area inside northern Iraq during fighting between Iranian forces and Kurdish rebels.Spokesman for Iraqi Kurdistan security forces Jabbar Yawer confirmed Thursday's artillery attack in the Peshdar region. In recent months, Iran's Revolutionary Guard forces have clashed with Kurdish insurgents in northwestern Iran. The rebels are believed to be linked to Turkey's separatist Kurdistan Workers Party (PKK), which is the target of a large-scale operation in southeast Turkey.
Can you say "powder keg"?
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 13 July 2007 06:26 PM
quote: The dollar was driven down against the Japanese yen this afternoon, hit by the news that Iran had asked Japan to pay for its oil purchases in the Japanese currency and not in dollars.Iran has sent a letter to Japanese refiners, signed by Ali A Arshi, the general manager of crude marketing and exports for Iran's national Iranian Oil Company, according to a report by Bloomberg. The letter asks for yen payments "for any/all of your forthcoming Iranian crude oil liftings." The request is for all shipments "effective immediately". Japan's oil payments to Iran rose 12 per cent last year to 1.24 trillion yen (£5 billion).
That is like the global school yard equivalent to a poke in the eye. [ 13 July 2007: Message edited by: Frustrated Mess ]
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 14 July 2007 07:35 PM
quote: President Vladimir V. Putin formally notified NATO governments today that Russia would suspend its obligations under the Conventional Forces in Europe Treaty, a major Cold War-era arms-limitation agreement, in response to U.S. plans to deploy a missile shield in Eastern Europe.The decision ratcheted up tensions over United States plans for a missile shield, which Russia opposes, but also reflected an escalating trend of anti-Americanism and deep suspicion toward the West in Russia's domestic politics ahead of Russian presidential elections next March. Russia's suspension will take effect in 150 days, according to a copy of the Putin's decree posted on a Kremlin Web site. That delay leaves open the possibility of further negotiation on the 1990 treaty, which resulted in a huge wave of disarmament along the former East-West divide in Europe.
Arms race back on
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 25 July 2007 04:51 PM
quote: Tehran has made clear that it will not suspend enrichment as the UN security council has demanded, despite two earlier rounds of financial, travel and arms sanctions. A decision on a third round has been put off until September. "If there is another resolution, we will react with whatever we have," the senior official told western journalists. "So far we have answered legally, limiting [UN] inspections, and reducing cooperation with the IAEA within the legal framework."But if there is no legal option left, it is obvious we will be tempted to do illegal things. What is very important to us is our dignity, and we are prepared to act." Iranian officials made it clear that one option was a formal break with the treaty and a total severance of relations with the IAEA, like North Korea in 2003. However, said the senior official, unlike North Korea Iran had no intention of building a nuclear bomb, even though he claimed it had now installed enough uranium-enriching centrifuges to make one.
Iran raises stakes
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 06 August 2007 04:22 PM
quote: "My task as president of the United States is primarily to do one thing -- by the way, not to make sure everybody has health care or everybody's child is educated -- my task is to do one thing: to protect and defend this country."And that means to deter -- and I want to underline "deter" -- any kind of aggression, especially the type we are threatened with by Al-Qaeda, which is nuclear attack. "I'm telling you right now that anybody that would suggest that we should take anything like this off the table [bombing muslim holy sites] in order to deter that kind of event in the United States isn't fit to be president of the United States."
An editorial subject that won't be picked up by Margaret Wente or a Sun Media hack
From: doom without the gloom | Registered: Feb 2005
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Michelle
Moderator
Babbler # 560
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posted 06 August 2007 08:09 PM
quote: Originally posted by Jingles: That Kunstler blog is good.
It is. I love today's installment (August 6): quote: At the other end of the storyline are the many sad people who were the initial dupes in the racket: the poor shlubs who signed "creative" mortgage contracts to become notional home-owners and thus achieve their spot on the first landing of the American Dream staircase. I say "notional" home-owners because somebody who "buys" a "product" such as chipboard-and-vinyl McHouse with no money down is not really an owner of anything but rather a kind of glorified renter stuck with the additional burdens of paying property tax and maintenance costs for something really owned by another party (a notional landlord). And, of course, we all know by now that the payment terms for these loan contracts were slippery sliding indexes which uniformly tended to slide upward as interest rates re-set above the ludicrously low levels of 2003 - 2006.
Clusterfuck Nation And this one is really good too: quote: The air waves and internet sites are full of blather now about ending the "war" and bringing the troops home. The presidential candidates are agonizing over their various positions on the Iraq adventure. I'd like to hear one of them tell me how Atlanta is going to function without Middle Eastern oil, or how Wal Mart will move its merchandise from San Pedro to Lansing without a "warehouse on wheels," or how the thousands of yellow school bus fleets will carry on next September. Actually, instead, I'd like to hear talk about drastically reforming our zoning laws to discourage any more suburban development or a pitch to allow some of our tax money to fund a US passenger rail revival. I'd like to see a candidate refuse to attend a Nascar race on the grounds that it's an unconscionably stupid fucking waste of energy resources. I'm waiting for one of these birds to tell the American people the truth: you can't have it both ways. you can't get our military out of the Middle East without changing the way we live.
Both ways [ 06 August 2007: Message edited by: Michelle ]
From: I've got a fever, and the only prescription is more cowbell. | Registered: May 2001
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 07 August 2007 05:40 PM
quote: The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies. Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels. advertisement It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $900bn in a mix of US bonds.
Pulling the tiger's tail
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 07 August 2007 05:44 PM
quote: A new law expanding the government's spying powers gives the Bush Administration a six-month window to install possibly permanent back doors in the nation's communication networks. The legislation was passed hurriedly by Congress over the weekend and signed into law Sunday by President Bush.The bill, known as the Protect America Act, removes the prohibition on warrantless spying on Americans abroad and gives the government wide powers to order communication service providers such as cell phone companies and ISPs to make their networks available to government eavesdroppers. The Administration pushed for passage of the changes to close what it called a "surveillance gap," referring to a long-standing feature of the nation's surveillance laws that required the government to get court approval to capture communications inside the United States. While the nation's spy laws have been continually loosened since 9/11, the Administration never pushed for the right to tap the nation's domestic communication networks until a secret court recently struck down a key pillar of the government's secret spying program.
It's for you, dear. It's the police state asking why you haven't turned in what's left of your freedom yet.
From: doom without the gloom | Registered: Feb 2005
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Michelle
Moderator
Babbler # 560
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posted 07 August 2007 05:55 PM
FM, what an awesome archive this thread is. Thanks for this.Regarding China and the US dollars - a couple of years ago, when I listened regularly to Madge Weinstein's podcast (very crude and rude, btw, but funny and very politically sharp), she and a couple of her guests were often talking about how China "owns" America economically, not only because of the trade deficit but also because (I think - I'm no economic genius) China owns so much US money. They also went on about petrodollars, a concept which I falter with - I understand it in flashes of understanding here and there when it's explained to me, and then I forget again. Anyhow...scary stuff for the US. And yet, all you hear about these days on CNN is about fault Chinese products. I swear, every single day it seems, in every story, they manage to work in a faulty Chinese product angle. I had to laugh - at one point during a story that seemed totally unrelated, I think it was a bad-news business story on some company, and they threw in the fact at the end of the story, as a non sequitor, that they get some of their parts or materials from China. I thought, wow, they're really hammering that home to everyone, aren't they?
From: I've got a fever, and the only prescription is more cowbell. | Registered: May 2001
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 07 August 2007 06:18 PM
There seems to be a bit of a coordinated effort to that, Michelle. quote: Australian athletes will stay away the Beijing Olympics until the last minute, hoping to avoid air pollution and food problems in the Chinese capital.Australian IOC member John Coates, after meeting Tuesday with heads of other Olympic delegations and Beijing organizers, called Beijing's choking pollution "a prevailing worry for most of us." "We will be not recommending a long period in China before the games," Coates said, a day before the countdown clock reaches one year until the games open. "That only is going to increase the possibility of respiratory or gastric illness - particularly if you are not living in the village."
Pittsburg TribuneNow swallow Australia's concern over Chinese air quality against the backdrop of Australia's position of denial on climate change and these few grains of salt: quote: Gladstone will be a major winner from Australia's booming coal exports to China, the Deputy Prime Minister and Minister for Trade, Mark Vaile, said today..."The Port of Gladstone handled almost 1.3 million tonnes of coal for the China market in 2004-05. The figure can be expected to grow rapidly in the years to come, as a result of China's rapid growth and the possible Free Trade Agreement that we are negotiating. "There is only one threat to our coal exports and the future of Gladstone: the Australian Labor Party, which still wants Australia to ratify the Kyoto Protocol.
Hmmmm. The Anglos doth protest too much, methinks[ 07 August 2007: Message edited by: Frustrated Mess ]
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 08 August 2007 05:06 PM
quote: More than 1,000 civilian contractors have been killed in Iraq since the U.S.-led invasion more than four years ago, according to Labor Department records made available Tuesday. In response to a request from Rep. Jan Schakowsky, D-Ill., the Labor Department revealed that 1,001 civilian contractors had died in Iraq as of June 30, including 84 during the second quarter of the year. So far in 2007, at least 231 contractors working for U.S. firms have died in Iraq. Those contractor fatalities are in addition to the 3,668 military personnel the Defense Department had confirmed dead in Iraq from the start of the war in March 2003 until today.
Deadly work but the money's good
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 09 August 2007 03:13 PM
quote: Wall Street's deepening fears about a spreading credit crunch sent stocks plunging again Thursday, with the Dow Jones industrials extending their series of triple-digit swings and falling more than 380 points. The catalyst for the market's latest skid: a French bank's announcement that it was freezing three funds that invested in U.S. subprime mortgages.The announcement by BNP Paribas raised the specter of a widening impact of U.S. credit market problems. The idea that anyone _ institutions, investors, companies, individuals _ can't get money when they need it unnerved a stock market that has suffered through weeks of volatility triggered by concerns about tight credit and bad subprime mortgages. A move by the European Central Bank to provide more cash to money markets intensified Wall Street's angst. Although the bank's loan of more than $130 billion in overnight funds to banks at a low rate of 4 percent was intended to calm investors, Wall Street saw it as confirmation of the credit markets' problems. It was the ECB's biggest injection ever. The Federal Reserve added a larger-than-normal $24 billion in temporary reserves to the U.S. banking system.
This is just a correction. The economic fundamentals are sound. Nothing to see here. Please move along.
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 14 August 2007 07:52 PM
quote: Wal-Mart Stores Inc. and Home Depot Inc., the two largest U.S. retailers, said the housing slump, rising mortgage defaults and high energy prices will depress earnings for the year.``U.S. consumers continue to be under difficult pressure economically,'' Wal-Mart Chief Executive Officer H. Lee Scott said on a recorded call today. ``It is no secret that many customers are running out of money toward the end of the month.'' Wal-Mart, the world's largest retailer, fell $2.35, or 5.1 percent, to $43.82 at 4:02 p.m. in New York Stock Exchange composite trading for the biggest drop since July 2002. Home Depot lost $1.72, or 4.9 percent, to $33.52. It has declined 17 percent this year.
A sale!
From: doom without the gloom | Registered: Feb 2005
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Wilf Day
rabble-rouser
Babbler # 3276
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posted 14 August 2007 10:52 PM
quote: Originally posted by Frustrated Mess: At least 175 people were killed when three suicide bombers driving fuel tankers attacked residential compounds home to the ancient minority Yazidi sect.
No fun being a minority within a minority.Members of the Yazidi community worship an archangel, sometimes represented by a peacock figure. Some Christians and Muslims believe the angel they revere to be the devil. Yazidis are uncertain whether to identify with the Kurds or campaign for separate rights: quote: The community's problems began when the Saddam regime fell, and the village - formerly in the Kurdish self-rule area - was linked once again to the nearby city of Mosul, a centre of Sunni radicals.Not only are they a minority, but their faith is not accorded the same respect by Muslims as Christians or Jews, both of which are mentioned in the Quran as protected "Peoples of the Book". For many Kurds, the Yazidis are guardians of their ancestral faith. The Yazidis claim that their religion dates back at least six millennia, and associate it with the early Persian religion of Mithraism. The remnants of their scripture - much of which was lost during the persecutions of the Ottoman Empire - are written in Kurdish. For this, even Muslim Kurds accord Yazidis respect. "They are the real Kurds," said one member of the Kurdish Democratic Party, whose eyes light up at their mention. The 21-pointed sun on the Kurdish flag is a Yazidi symbol, he observes. For many Muslim Arabs, however, the Yazidis are devil-worshippers due to their veneration of Taous Malek, the Peacock Angel, who is identified with Iblis or Shaitan, the Arabic names for Satan. Whereas Muslim theology says the angel was punished by God for refusing to bow to man, Murad says, the Yazidis hold that he was rewarded for recalling God's earlier commandment to worship no other deity. Demonstrators bearing banners declaring that "Yazidis are a nationality of themselves, separate from the Kurds", gathered outside Iraq's Governing Council on March 8, demanding special recognition in the constitution. These Yazidis say they sought protection from Saddam, but that they were betrayed. "Saddam said ‘Yazidis are a flower in my garden' and they were faithful. They had an honourable role in defending Iraq during the Iranian war, and many of Saddam's guards were Yazidi," said demonstration leader Amin Farhan Jejo.
Jejo later became the sole elected representative of the Yazidi Movement for Reform and Progress (List 668) in the Iraqi Council of Representatives. Before then, Feleknas Uca , a German Left Party Euro MP, was the world's only elected Yazidi parliamentarian.
From: Port Hope, Ontario | Registered: Oct 2002
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contrarianna
rabble-rouser
Babbler # 13058
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posted 15 August 2007 04:30 AM
Just another prediction of economic meltdown. But this time from the current US Comptroller General David Walker in the Financial Times."Learn from the fall of Rome, US warned By Jeremy Grant in Washington Published: August 14 2007 00:06 | Last updated: August 14 2007 00:06 The US government is on a ‘burning platform’ of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon, the country’s top government inspector has warned. David Walker, comptroller general of the US, issued the unusually downbeat assessment of his country’s future in a report that lays out what he called “chilling long-term simulations”. These include “dramatic” tax rises, slashed government services and the large-scale dumping by foreign governments of holdings of US debt. Drawing parallels with the end of the Roman empire, Mr Walker warned there were “striking similarities” between America’s current situation and the factors that brought down Rome, including “declining moral values and political civility at home, an over-confident and over-extended military in foreign lands and fiscal irresponsibility by the central government...." Financial Times
From: here to inanity | Registered: Aug 2006
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N.Beltov
rabble-rouser
Babbler # 4140
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posted 18 August 2007 04:35 AM
Pregnant mom dies in US custody at Immigration Centre in El Paso. quote: A plenum of the Permanent Commission of Mexico’s Congress today denounced the humiliations, abuse, violations of human rights and deaths of immigrants in U.S. border facilities.A proposal by legislators from the Convergence for Democracy Party asked the foreign minister to intervene in order to clarify the circumstances of the death of a Mexican citizen, Rosa Contreras. A few days ago, Contreras died at an Immigration and Customs Enforcement (ICE) detention facility in El Paso, Texas where she was being held. The woman, who was two months pregnant, died three hours after complaining of pain behind her knee, when her blood pressure dropped and she lost consciousness.
From: Vancouver Island | Registered: May 2003
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 21 August 2007 04:28 AM
quote: The fire burned strong for 45 days and 45 nights, blanketing the village with ash and torching the young cassava plants in Ada Baniba's field. As she weeded, the flames flared out of the leaking oil pipeline behind her.It wasn't that no one could put the fire out. It was that no one would -- not the oil company that owned the pipeline, not the government and not the villagers breathing the fumes. The tale of Kegbara Dere's fire shows just how desperate the long-neglected communities of Nigeria's oil-rich river delta have become. The average Nigerian still survives on less than $2 a day, despite the country's $20 billion rise in oil exports to the United States over the past five years.
Oh, yeah, like they got problems. You know what it costs to fill my Hummer?
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 21 August 2007 04:33 AM
quote: With the collapse of the Soviet Union in 1991, the United States stood tall -- militarily invincible, economically unrivalled, diplomatically uncontestable, and the dominating force on information channels worldwide. The next century was to be the true "American century," with the rest of the world molding itself in the image of the sole superpower.Yet, with not even a decade of this century behind us, we are already witnessing the rise of a multipolar world in which new powers are challenging different aspects of American supremacy -- Russia and China in the forefront, with regional powers Venezuela and Iran forming the second rank. These emergent powers are primed to erode American hegemony, not confront it, singly or jointly. How and why has the world evolved in this way so soon?
It can't all be depressing.
From: doom without the gloom | Registered: Feb 2005
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N.Beltov
rabble-rouser
Babbler # 4140
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posted 21 August 2007 05:01 AM
Babblers should know that the American Psychiatric Association long ago distanced itself from the atrocities and torture that the American Psychological Association found acceptable for its members. And this is by no means a complete ban ... quote: The association decided against a blanket measure that would have kept psychologists from working in interrogation facilities altogether. Many critics of that measure, including several government experts, said that psychologists play an essential role in these settings, both in terms of safeguarding detainees and in helping to debunk the belief that coercion and humiliation are effective interrogation tactics."If we lose psychologists from these facilities, people are going to die," said U.S. Army Col. Larry James, chief of the department of psychology at the Tripler Army Medical Center in Honolulu, just before the APA's Council of Representatives took a vote.
Relying upon the concerns of the US Army in preventing deaths is like putting Dracula in charge of the blood bank. quote: Leonard S. Rubenstein, executive director of the group Physicians for Human Rights, said the psychologists had fooled themselves into thinking their continued presence at detention facilities would make a difference when they were actually playing only a support role."It is unfortunate the APA did not recognize you cannot practice ethical psychology in interrogation settings in the context of pervasive violation of human rights," he said.
The presence of protestors and the attention of other Americans, disgusted with the APA's policy, is probably the driving factor in the change. But the back door is still wide open.
From: Vancouver Island | Registered: May 2003
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 21 August 2007 03:48 PM
quote: As we were leaving the hospital, one of the doctors grabbed my hand and also told me that he was sorry about Casey. In a quiet voice, he told me that even though it is sad for me to have lost a son that it was so that I could lead America towards peace and use my sorrow to help the people of Iraq, "inshallah." I lost my faith after Casey was killed and it is so profound to witness the faith of the Iraqi people when their country has been decimated for no reason, their national treasures and antiquities destroyed or defiled by barbaric acts, one million people dead, six million people displaced, and so many wounded and ill that can't access medical care. This trip has been so difficult for us as people with hearts, but it has also reminded me how fortunate we are to live in a country that has been almost virtually free from war on our soil for about 150 years, but also so angry that we allow it to happen to other peoples on their land on an almost continuing basis. Also, to think that anything is going to change if a Democrat gets into office is naïve. Bill Clinton is a Democrat who is responsible for the deaths of hundreds of thousands of Iraqis more than George. Throughout US History political parties have interchanged the White House and NOTHING has ever changed. The fascist power elite will always use their puppet in the White House to kill other people for their benefit and profit.
Casey Sheehan
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 24 August 2007 11:51 AM
quote: In many ways, the leading Democrats, both those running for office and those currently holding office, are a far greater insult to American values than the conservative standard-bearers for the policies of Cheney. No one of substance takes seriously the manic ranting of the Hannity/Limbaugh/Coulter triad. These Democrats, on the other hand, have mastered the art of compromise to the point that they stand for nothing at all—this at a time in American history when the policies of the administration, derived from the dark abyss of Bush’s soul, Cheney, provide the most concrete example of what we as Americans should be standing against.
The Democrats need to stand for something. Cheney has provided the sort of political ammunition that would enable them to fight, and win, a constitutional battle over the heart of America, the kind of defining struggle which I believe the vast majority of Americans would rally around. Unless the Democrats start separating themselves from the policies of the Bush administration, and take an active role in outing and suppressing the true evil that is Dick Cheney, all they will achieve in the coming years is a change in the titular political orientation of America, without the kind of deep-seated break from the failures and crimes of the past six-plus years that have taken our nation, and the world, right up to the edge of chaos.
Scott Ritter leaves no one unscathed (the image is for effect).
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 26 August 2007 10:17 AM
quote: In a clear sign that the credit crunch is still affecting the nation's largest financial institutions, the Federal Reserve agreed this week to bend key banking regulations to help out Citigroup (Charts, Fortune 500) and Bank of America (Charts, Fortune 500), according to documents posted Friday on the Fed's web site.The Aug. 20 letters from the Fed to Citigroup and Bank of America state that the Fed, which regulates large parts of the U.S. financial system, has agreed to exempt both banks from rules that effectively limit the amount of lending that their federally-insured banks can do with their brokerage affiliates. The exemption, which is temporary, means, for example, that Citigroup's Citibank entity can substantially increase funding to Citigroup Global Markets, its brokerage subsidiary. Citigroup and Bank of America requested the exemptions, according to the letters, to provide liquidity to those holding mortgage loans, mortgage-backed securities, and other securities.
Uhm, still nothing. Move along ...
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 26 August 2007 10:25 AM
quote: The scale of the human disaster in the Iraq war has become clearer from statistics collected by two humanitarian groups that reveal the number of Iraqis who have fled the fighting has more than doubled since the US military build-up began in February. The Iraqi Red Crescent Organisation said the total number of internally displaced has jumped from 499,000 to 1.1 million since extra US forces arrived with the aim of making the country more secure. The UN-run International Organisation for Migration says the numbers fleeing fighting in Baghdad grew by a factor of 20 in the same period. These damning statistics reveal that despite much- trumpeted security improvements in certain areas, the level of murderous violence has not declined. The studies reveal that the number of Iraqis fleeing their homes not intending to return is far higher than before the US surge.
But the neo-cons and Democrats all say the surge is working? Don't tell me they're lying. Not again! Lucky for them, because of television and processed food, the attention span of the average American is 20 minutes.
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 27 August 2007 08:29 AM
quote: Whatever it was that struck Jim Lauderdale did a terrifying job of it. Sent to Walter Reed with oral cancer in April 2005, he underwent his first extensive and disfiguring surgery, removing half his tongue to get to tumors in the mouth and throat. A second surgery followed a month later to clear out more of those areas. Five months later, another surgery removed a new neck tumor. Then came heavy chemotherapy and radiation. Shortly after, he had a massive heart attack, undergoing another surgery to place stents in his arteries. Two weeks later, the cancer was back and growing rapidly, forcing a fourth surgery in January 2006. By this time, much of his neck and shoulder tissue was gone, and doctors tried to reconstruct a tongue, using tissue from his wrist. He couldn't swallow, so was fed through a tube into his stomach. Just weeks later, four external tumors appeared on his neck - "literally overnight," his wife said. Suffering severe complications from the chemo drugs, Lauderdale endured 39 radiation treatments, waking up one night bleeding profusely through his burned skin. The day after his radiation ended, new external tumors erupted at the edge of the radiation field, flabbergasting his doctors. "As this aggressive disease grew though chemoradiation, it was determined at this point there was no chance for cure,"
The chemical insurgency or friendlies that keep on firing
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 27 August 2007 11:54 AM
quote: Iraq's deadly insurgent groups have financed their war against U.S. troops in part with hundreds of thousands of dollars in U.S. rebuilding funds that they've extorted from Iraqi contractors in Anbar province. The payments, in return for the insurgents' allowing supplies to move and construction work to begin, have taken place since the earliest projects in 2003, Iraqi contractors, politicians and interpreters involved with reconstruction efforts said. A fresh round of rebuilding spurred by the U.S. military's recent alliance with some Anbar tribes - 200 new projects are scheduled - provides another opportunity for militant groups such as al Qaeda in Iraq to siphon off more U.S. money, contractors and politicians warn. "Now we're back to the same old story in Anbar. The Americans are handing out contracts and jobs to terrorists, bandits and gangsters," said Sheik Ali Hatem Ali Suleiman, the deputy leader of the Dulaim, the largest and most powerful tribe in Anbar. He was involved in several U.S. rebuilding contracts in the early days of the war, but is now a harsh critic of the U.S. presence.
This is what they mean by financing the war?
From: doom without the gloom | Registered: Feb 2005
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 27 August 2007 04:50 PM
quote: Four of five members of the board of a campaign promoting President Bush's policies in the Iraq war are Republican Jews.The board of "Freedom's Watch" includes Ari Fleischer, Bush's former press secretary; Matt Brooks, the executive director of the Republican Jewish Coalition; Bradley Blakeman, a senior White House staffer in Bush's first term; and Mel Sembler, a longtime RJC leader and former ambassador to Rome. Brooks told JTA that the fifth member, William Weidner, a casino operator in Las Vegas, is not Jewish. However, Weidner's wife, Lynn, is Jewish and is active in that city's federation. Blakeman is the group's president. Brooks said it would be a mistake to regard the group as having a Jewish direction.
The Global News Service of the Jewish People.
From: doom without the gloom | Registered: Feb 2005
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N.Beltov
rabble-rouser
Babbler # 4140
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posted 29 August 2007 06:58 AM
Irony? How's this: quote: President Bush: After months of unfair treatment that has created a harmful distraction at the Justice Department, Judge Gonzales decided to resign his position, and I accept his decision. It's sad that we live in a time when a talented and honorable person like Alberto Gonzales is impeded from doing important work because his good name was dragged through the mud for political reasons.
Ding Dong! The witch is dead! Alberto Gonzales has resigned. Here's some White House spin. The name of Alberto Gonzales was dragged through the mud for political reasons? Shocking! Call Valerie Plame! Call one of the many victims of Carl Rove! In this day and age!
From: Vancouver Island | Registered: May 2003
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