March 10, 2009 C-SPAN
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Kucinich: How banks spent your bailout money
Kucinich: The path forward has to be with transparency
Day: March 10, 2009
Kucinich: How banks spent your bailout money
Dennis Kucinich on CNN 03/10/2009
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Nouriel Roubini: Recession Will Last 36 Months
Debt Relief and Regulation By Mike Whitney
Financial reports show 5 biggest banks are ‘dead men walking
Dmitry Orlov: The collapse of America is unavoidable
Imagine By Ron Paul
Update: 3.20.09 added video
By Ron Paul
ICH
March 10, 2009
Imagine for a moment that somewhere in the middle of Texas there was a large foreign military base, say Chinese or Russian. Imagine that thousands of armed foreign troops were constantly patrolling American streets in military vehicles. Imagine they were here under the auspices of “keeping us safe” or “promoting democracy” or “protecting their strategic interests.”
Imagine that they operated outside of US law, and that the Constitution did not apply to them. Imagine that every now and then they made mistakes or acted on bad information and accidentally killed or terrorized innocent Americans, including women and children, most of the time with little to no repercussions or consequences. Imagine that they set up check points on our soil and routinely searched and ransacked entire neighborhoods of homes. Imagine if Americans were fearful of these foreign troops, and overwhelmingly thought America would be better off without their presence.
Why are we in Afghanistan? Pt.2
The Real News Cafe: Recorded live at the Gladstone in Toronto, a Real News panel takes on the Afghan war
Obama and US commander discuss military intervention in Mexico
By Bill Van Auken
http://www.wsws.org
10 March 2009
Joint Chiefs of Staff Chairman Admiral Michael Mullen briefed President Barack Obama over the weekend on the so-called drug war in Mexico and the prospect of increased US military involvement in the conflict south of the border.
Mullen had just returned from a six-day tour of Latin America, which took him on his last and most important stop to Mexico City. There he held meetings with Mexico’s secretary of national defense and other top military officials and discussed proposals for rushing increased US aid to Mexico under the auspices of Plan Merida, a three-year, $1.4 billion package designed to provide equipment, training and other assistance to the Mexican armed forces.
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via Obama and US commander discuss military intervention in Mexico
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Nouriel Roubini: Recession Will Last 36 Months
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The U.S. Financial System Is Effectively Insolvent by Nouriel Roubini
The Bottomless Bailout by Ralph Nader
Is this the end of the age of the automobile? by Harvey Wasserman
Crossposted with permission from The Free Press.
by Harvey Wasserman
The Free Press
March 9, 2009
As a dominant form of transportation, the automobile is dead. So is GM, which now stands for Gone Mad.
But the larger picture says that the financial crisis now enveloping the world is grounded in the transition from the automobile—and the fossils that fuel it—to a brave renewable world of reborn mass transit and green power.
If GM lives in any form, it must be owned and operated by its workers and the public.
But the larger transition is epic and global, based on a simple structural reality: the passenger car is obsolete. Auto sales have plummeted not merely because of a bad economy, but because the technology no longer makes sense.
A shattering moment in America’s fall from power By John Gray
By John Gray
ICH
29/09/08 “The Observer”
The global financial crisis will see the US falter in the same way the Soviet Union did when the Berlin Wall came down. The era of American dominance is over
Our gaze might be on the markets melting down, but the upheaval we are experiencing is more than a financial crisis, however large. Here is a historic geopolitical shift, in which the balance of power in the world is being altered irrevocably. The era of American global leadership, reaching back to the Second World War, is over.
You can see it in the way America’s dominion has slipped away in its own backyard, with Venezuelan President Hugo Chávez taunting and ridiculing the superpower with impunity. Yet the setback of America’s standing at the global level is even more striking. With the nationalisation of crucial parts of the financial system, the American free-market creed has self-destructed while countries that retained overall control of markets have been vindicated. In a change as far-reaching in its implications as the fall of the Soviet Union, an entire model of government and the economy has collapsed.
Ever since the end of the Cold War, successive American administrations have lectured other countries on the necessity of sound finance. Indonesia, Thailand, Argentina and several African states endured severe cuts in spending and deep recessions as the price of aid from the International Monetary Fund, which enforced the American orthodoxy. China in particular was hectored relentlessly on the weakness of its banking system. But China’s success has been based on its consistent contempt for Western advice and it is not Chinese banks that are currently going bust. How symbolic yesterday that Chinese astronauts take a spacewalk while the US Treasury Secretary is on his knees.
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see
Dmitry Orlov: The collapse of America is unavoidable
Miriam Pemberton: The cost of empire
Scott Horton interviews Noam Chomsky: The roots of U.S. imperialism
Dandelion Salad 