by F. William Engdahl Global Research, May 21, 2008 As detailed in an earlier article, a conservative calculation is that at least 60% of today?s $128 per barrel price of crude oil comes from unregulated futures speculation by hedge funds, banks and financial groups using the London ICE Futures and New York NYMEX futures exchanges [...]
Archive for May 26th, 2008
26 May
The Appeasement Paradox
MATTHEW YGLESIAS | May 23, 2008| THE AMERICAN PROSPECT Conservatives say reasoning with foreign dictators is pointless because it grants bad actors legitimacy. In doing so, they fail to understand the usefulness of diplomacy and the limits of American power. George W. Bush, never one to miss an opportunity for a partisan cheap [...]
26 May
HNN Poll: 61% of Historians Rate the Bush Presidency Worst
History News Network By Robert S. McElvaine Mr. McElvaine teaches history at Millsaps College. His latest book, Grand Theft Jesus: The Hijacking of Religion in America, has just been published by Crown. Related Links Larry DeWitt: The Follies of Instant History: Another Meaningless Poll of Historians Kathryn Moore: George W. Bush: As He Now Appears [...]
26 May
Biden: ‘This Is The Worst Administration In American Foreign Policy In Modern History, Maybe Ever?
Earlier this week, Sen. Joe Lieberman (I-CT) wrote a Wall Street Journal op-ed blasting the Democratic party — the “party of Franklin Roosevelt, Harry Truman and John F. Kennedy” — for no longer being “unhesitatingly and proudly pro-American.” He wrote that Democrats “should embrace the basic framework the president had advanced for the war on [...]
26 May
President Bush ?Strongly Opposes? 0.5 Percent Increase In Military Pay Because It ?Is Unnecessary?
Yesterday, the House passed the Defense Authorization bill, which prescribes spending amounts for the military activities. The bill includes a section to raise the pay for the soldiers by 3.9 percent ? an increase of 0.5 percent over the Bush administration?s request. In a ?Statement of Administration Policy? released yesterday, the White House asserts that [...]
26 May
Vermont Leads the Way for Progressives
TRUTHDIG ARTICLE By Chris Hedges Progressive Paradise: The state of Vermont, often celebrated for its beauty, has long been a center of progressive politics. The Web site of the Vermont Progressive Party, with its moose silhouette as its party symbol, looks like something put together by a bunch of Eagle scouts trying to earn [...]
26 May
As Bush’s Neoceonservative Approach Crumbles, Allies Step Into the Breach
By Jim Lobe and Khody Akhavi . Posted May 26, 2008. Engagement — known as “appeasement” in the neo-conservative lexicon — is bursting out all over the Middle East. As the White House agenda for the Middle East continues to unravel, events over the past 24 hours seem to suggest that U.S. allies in the [...]
26 May
Report: Warren Buffett sees US already in recession
Warren Buffett, whose business and investment acumen has made him one of the world’s wealthiest men, was quoted in an interview published Sunday as saying the U.S. economy is already in a recession. Asked by Germany’s Der Spiegel weekly whether he thinks the U.S. could still avoid a recession, he said that as far as [...]
