This week Max Keiser and co-host Stacy Herbert look at the scandals of Brown’s Bottom, the worst economic judgment of all time and Bono’s private equity, “the worst investor in America.” Max chats to Brits in Trafalgar Square and also talks to Mark Schapiro, author of the Harper’s article, “Conning the Climate: Inside the Carbon Trading Shell Game”.
Growing popular outrage has not challenged corporate power.
Shifts in global power, ongoing or potential, are a lively topic among policy makers and observers. One question is whether (or when) China will displace the United States as the dominant global player, perhaps along with India.
Such a shift would return the global system to something like it was before the European conquests. Economic growth in China and India has been rapid, and because they rejected the West’s policies of financial deregulation, they survived the recession better than most. Nonetheless, questions arise.
“We say in our platform that we believe that the right to coin money and issue money is a function of government. . . . Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson . . . and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.”
— William Jennings Bryan, Democratic Convention, 1896
Because of its history, its location and the nations which surround it, Mongolia would seem the last country in the world to host annual Pentagon-led military exercises and to be the third Asian nation to offer NATO troops for the war in Afghanistan.
From the early 1920s until the breakup of the Soviet Union in 1991 Mongolia was the latter nation’s longest-standing and in many ways closest political and military ally, its armed forces fighting alongside those of the USSR against the Japanese in World War II. It was not a member of the Warsaw Pact as that alliance was formed in Europe six years after and in response to the creation of NATO in 1949, but Mongolia was a military buffer between the Soviet Union and the Japanese army in China in the Second World War and between it and China during the decades of the Sino-Soviet conflict.
12 policemen are dead and more than twenty people injured after twin explosions a city in Russia’s southern republic of Dagestan. The republic’s in the North Caucasus, from where militants are thought to have orchestrated Monday’s suicide bombings in Moscow.
The Arctic territories represent vast amounts of untapped natural resources and a supply route for shipping that has never before been accessible. Thanks to melting glaciers, the possibility to explore for oil and move ships through the arctic is not too far away. Canada, Russia, Norway, Denmark and the United States recently held meetings at the G-8 summit to discuss the issue that has all 5 nations up against the other. Unfortunately for Sweden, Finland and Iceland, these three countries which lay claim to the Arctic as well, were left out of the meeting. Why did the Canadians snub them? Michel Chossudovsky, Director at the Center for Research on Globalization joins Alyona with the answers.
In recent weeks there has been a series of press reports as well as statements by military experts that strongly indicate that either the Obama administration or the Israeli government, or both, may be moving toward an attack on Iran.
Dumenil: Neoliberalism imposed a new discipline on worker, cutting the progress of purchasing power.
Dr. Duménil is one of the world’s foremost theorists of neoliberalism and economic crisis and is the author of numerous influential books, many of which have been translated into several languages. These include Capital Resurgent: Roots of the Neoliberal Revolution (2004) and his forthcoming The Crisis of Neoliberalism: from the subprime to the great contraction.