Wednesday, July 30, 2008
The Great Firewall of China wins the gold..before the games.
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The Military-Industrial Complex: It’s Much Later Than You Think.
With the Bush administration and its private army of Blackwater...it got even worse. The wars in Iraq and Afghanistan have been a blessing for the military-industrial complex, it has to some extend driven the ideology of the neo-cons.
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IOC admits Internet censorship deal with China
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Sunday, July 27, 2008
How are we doing on the " war on terror"?
One would argue that it made the Bush administration into a horse with blinders, narrowly focused on only one goal: Make sure an event like 9/11 would never happened again.
The fact that we did not have a terrorist attack will become the key argument for McCain in November. You can count on his campaign, the GOP, FOX news and all the usual suspects in the art of spinning fiction into reality to make it the corner stone of his presidential bid. They will build up on fear and paranoia to convince American people that only " McCain can keep America safe".
However, what Americans should keep in mind, before they cast their ballots in November, is the dramatic increase of terrorism world wide. Today a bomb exploded in Istanbul, yesterday it was a few in India.....people barely pay attention to it unless it is very deadly or completely original in its technical execution. It has sadly become a way of life in most countries on the planet. Some governments in Europe are considering terrorism more a policing issue as opposed to a problem that can be handled by military force alone.
It is also very hard to fight a " war " against an enemy that is not clearly identified. In our case of the so called " war on terror ", we are dealing with threats that are polymorphic and shift constantly from one part of the globe to another. The Bush administration has being claiming for years that " Iraq is the center of the war on terror"; of course it wasn't the case before the US invasion but did become one for a while. It appears that, right now, the real " hot spot " is again Afghanistan and could become sooner than later Pakistan.
The critical question here is this: Assuming that the " war on terror" can have an end-game , are we winning it? The goal of the attack of 9/11 by Osama Bin Laden and his Al Qaeda organization was to set up the 1st phase in an elaborate psychological warfare. It seems likely that Bin Laden knew a swift retaliation would come from the US and NATO in the form of an invasion of Afghanistan. Bin Laden couldn't predict the invasion of Iraq, but it became quickly an opportunity for him to get America trapped in a very costly quagmire.
The real objective of Bin Laden and his associates was an attack on America' s economy....this is probably why he picked the World Trade Center towers to be the first targets, for the symbolic aspect of it. The current crisis of the US and Europe's economy can be linked to two wars with a price tag of 1 trillion. We have our " war on terror ", the global terror originated by Al Qaeda is a war on the world's economy and prosperity. At this juncture, it is hard to tell who is winning.
Mr. Murdoch Goes to War against " The New-York Times".
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Saturday, July 26, 2008
Security Expert Finds A Wrench In The Internet
This is a must read if you do banking transactions on line or even e commerce. The " secured " pages of your banking institution could be exposed to hackers.
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Friday, July 25, 2008
Obama's tax plan in comparison with McCain's tax plan.
McCain used to opposed the Bush tax cut for the wealthy, he has flip-flopped on the issue, and is now in favor of making it permanent.
The conservative economists claim that measures such as the Bush tax cut stimulate the economy. This position is only valid if you believe in an economical " trickle down effect" of the wealth coming from the top to the bottom.
The systemic problem that we have right now ( a clear example is the Fannie & Freddie bailout by the Feds) is to have an hybrid economic model: Full blown capitalism for the good time ( huge profit for the very few) and socialism in bad times (losses shared by everyone). There is no fairness in this, it is completely illogical, and is collapsing in front of us.
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Did Pelosi saved Pres. Bush " chestnuts"?
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Thursday, July 24, 2008
McCain, Obama Offer Two different Paths On Mideast Policy
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After Bush, America needs a re-branding.
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Home sales hit record 10 year low.
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Tuesday, July 22, 2008
A Texas oil man with a plan for alternative Energy ?
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Is your money safe at your bank?
This official link from the FDIC give you reliable sources you can use to find out if your banking institution is at risk. It will give you a bank rating, and could prevent you from losing your life saving.
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Monday, July 21, 2008
Could another " New Deal " be what America needs?
The numbers can make one's head spin. Our budget deficit is 9 trillion, the dollar has reached record low against currencies such as the Euro, the Yen, and the Pound.The low dollar is not really helping our manufacturing sector either, it is more or less gone thanks to the strategy of corporation such as Wall Mart of exporting jobs to India and China. The jobs left to maximize corporate profit and they won't come back.In this insane hyper-capitalist logic Americans were supposed to be the eternal consumer with a credit card never maxed out.
Well, guest what, Americans ( except the super wealthy ) are going broke. Since the burst of the real estate bubble, they can not borrow on their houses any longer. In the mean time, the skyrocketing oil prices is triggering inflation. In the last few weeks, the Feds had to take over a Bank and are tracking a few on their " at risk " of going under list.
The so call economical " stimulus" from the Bush administration ( remember the $600.00 you spent already) was insulting, inefficient and pure political pandering. Another symptoms of the drastic economical misconception of this administration. Bush wanted people to spend the money....well they should have saved the money instead.
Americans have been spending money they don't have for too long consuming stuff they quite often don't need. It is time to re-think our behavior or face the consequences. What we have being doing for years with our own financing management reflect at a much smaller scale the " economic model" of the Bush crack team. The best example is the two wars on installment plan ( with money borrowed from China and Japan) at a cost of 1 trillion combined and counting.
What the next president will have to do to prevent America to become a 2nd or even a 3rd world country is to revisit the type of ideas that FDR implemented to take America out of the great depression in the " New Deal". The next president and the next Congress will have to put a real stimulus plan together, not based on consumer spending but one focusing on fixing the infrastructure of the countries ( roads, bridges, levees, sewage systems, ports, public transportation).
Our country is falling apart, and spending on infrastructure generate much more growth than cutting taxes.
We also need to re-think our conception of " free market" in the long run. It is a paradox that the Bush administration, now a day, is practicing a socialized capitalism consisting of private gain and public losses. With just happened with Fannie & Freddie is an illustration of this point.
It is time to spend money in America not on wars that we can't either afford or win.
McCain is tracking Obama's every moves .....on line.
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Sunday, July 20, 2008
Al Maliki wants the US troops out of Iraq.
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Thursday, July 17, 2008
The global food crisis: Stop putting corn in your gas tank.
The report was not released to avoid " embarrassing President Bush " said a World Bank senior official. If you want 200 million people to starve keep putting corn in your gas tank.
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Historians views on Bush's " Legacy".
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Wednesday, July 16, 2008
The scandal of powerty in America in photographs.
This photojournalism archive contains photographs spanning for more than 30 years.
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Tuesday, July 15, 2008
Bush: Cheerleader in chief or completely delusional?
In the last few days, the crisis in the mortgage and financial market has reach a critical mass. On Friday, the Feds had to take over Indy Mac,a mortgage lender and saving institution, based in California. The institution is FDIC insured, but Monday at the crack of dawn, hundred of customers were lining up to withdraw their money. What most of them didn't know is that the Fed guarantee only up to 100,000 dollars...above that you are on your own. A man, who got in line early, still lost 40% of his entire life saving after 40 years of hard work. The scene at the bank was a reminder of the 1930's and the great depression.
An even bigger problem is the state of disarray of giants mortgage co. Fannie and Freddie. The two private institutions are traded on the stock market and hold 5 Trillion worth of mortgages in the US market. A collapse of the two institutions would have catastrophic consequences and the Feds, over the week-end, made an explicit commitment to bail them out if needed. Later today, their stocks took a dive of 26%....I guess the share holders do not really trust the Bush administration.
How about trusting " the market to regulate itself", Pres. Bush? Right now, the Bush administration is doing exactly the opposite. The rule is simple: In good time the profit stays private and go to the very top, the top executives at Fannie & Freddie are very well compensated. In bad time, it becomes everyobody's problem and we all pick up the tab.
Pres. Bush this morning kept saying that things were " tough " for Americans right now but that we were not in a recession and we had to stay " optimistic". He used the word " psychological" a few times, as if he wanted to give Americans the sense that everything would be OK. Another point that he made over and over was the validity to " drill for oil " to solve the high gas prices. He conceded that it wouldn't solve any problem in the short term, but once again he brought up the " psychological impact" it would have on the rest of the world.
What I find ironic about this is the symbolic aspect of it: The Bush administration has put America in a giant hole of debts ( 9 Trillion and counting). We are fighting two wars, with borrowed money, that we can't neither afford nor win and yet the Democrats' controlled Congress is still funding the wars and all the " tools needed"( by a delusional administration) to fight the so call " war on terror". Thanks to Bush's policies we are in a giant hole, yet in his absurd logic, the " Decider" wants to digg( drill) more.
What I got from Bush' s press conference was a feeling of panic, the sense of someone even less focus than usual, lost and quite frankly almost on the verge of a nervous breakdown. Could it be that he is drinking again?
If Bush was planning to be America's President/ Dr. Phil today, I don't think the " mission was accomplished".
Monday, July 14, 2008
The age factor: Will McCain be like Reagan or Dole ?
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Sunday, July 13, 2008
Do you want a " Reagan foot soldier " for President ?
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Friday, July 11, 2008
Politics as Spectacle.
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Thursday, July 10, 2008
Are Americans a " nation of whiners"?
Gramm is a top economic adviser for McCain, he made the statement in an interview with the Washington Times.
He added : " You've heard of mental depression, this is a mental recession ". He went on to peddle the talking points of the Bush administration that " The US was not in an economic recession" and then said in closing " We have sort of become a nation of whinners".
I am sure people losing their jobs, houses and their 401 k's ( if they still have any) will be happy about the ludicrous statement. Today, the numbers were in; the foreclosures were up by 50 % from last year. Is this our imagination, Mr. Gramm? Gas is at record high and the dollar at record low. When was the last time you went to a gas station, Mr. Gramm? Are you aware of the 9 trillion deficit Mr.Gramm?
In politic you are only as good as the people you hire as " adviser", and getting Gramm in his team says a lot about McCain's judgement.
McCain moved quickly to limit the political damage caused by the comment of former Texas Senator Gramm. " Phil Gramm does not speak for me. I speak for me. So I strongly disagree " McCain said.
Yet, McCain picked Gramm in his "team", and quite often,in political campaigns the freudian slips of advisers reflect the real position of the boss. In the case of Gramm and McCain, it shows the disconnect that the very wealthy have with the real struggle of the middle class ( at least what is left of it).
Obama went on the attack saying: " It's not a figment of the imagination, it's not all in your head. I think it is time we have a president who doesn't deny our problems..or blame American people for them."
The Definitive and Up-To-Date McCain Flip Flop List
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Wednesday, July 9, 2008
Social Darwinism in America.
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10% of Americans think Sen. Obama is a Muslim.
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Tuesday, July 8, 2008
Is McCain the ultimate Flip-Flopper ?
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Obama rejects charges of flip-flopping
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Iraq insists on U.S. withdrawal timetable: official
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Monday, July 7, 2008
McCain is the ultimate flip-flop artist.
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McCain " lap dog express " plane ride.
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Sunday, July 6, 2008
Is a world wide depression worse than 1929 in the forecast?
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Robert Reich was Secretary of labor in the Clinton era.
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" Maverick " no more. McCain has lobbyists run his campain.
If you look closely, there are a lot of lobbyists for oil companies on the list!
Most of them have connection with the Bush Administration as well. If he is elected they will make sure McCain follows policies in favor of the oil companies, the big corporations and of course the military-industrial complex.
I guess, it will be no more " straight talk express " from McCain, but just a nice ride on the lobbyists' gravy train.....
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" The World is entering a danger zone"
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Is Senator Obama alienating the Progressive Democrats?
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World Bank secret report: biofuel caused food crisis
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Obituary: Jesse Helms by The Guardian, a bigot or a patriot?
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Should Obama pick a zombie as his vice president?
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