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Senator Lugar and others [Senators John Kerry, Susan Collins, Robert Casey, Richard Durbin and Thomas Harkin] of the US Senate have introduced ‘Global Food Security Act’ [GFSA, No. S384] to be administered by the USAID. [1] ‘The bill was read twice and referred to the Committee on Foreign Relations.’ Although it seems to have a humanitarian purpose, GFSA is as sinister as the two pending bills HR875 and S425. I say this because not one US regulatory authority has successfully regulated industries in the interest of the people at least in the last ninety-odd years. Monopolies have been protected and cartels continue to kill in the US and across the world. And the second reason is that USAID is actually an arm of the US-Department of Defense; it serves US foreign policy interest which has little to do with humanitarianism.
Arun Shrivastava
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A crisis in credit card debt is likely to be one of the next major shocks to the US banking system. Many large institutions, such as Bank of America and Citigroup, already effectively insolvent but for billions of dollars of bailout money from the federal government, will now see their financial positions deteriorate even further.
William Moore
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On April 7, 2009 in Moldova′s capital Chisinau, supporters of the Liberal Party of Moldova, the Liberal-Democratic Party of Moldova, and the Our Moldova Alliance ignited violent protests in response to the results of Moldova′s parliamentary elections. They respectively won 13.14%, 12.43%, and 9.77% of the total vote, while the ruling party, the Communist Party of Moldova won 49.48% of the vote. The Christian-Democratic People′s Party of Moldova also won 3.03% of the vote. While international observers have said that no irregularities were seen in the parliamentary elections, the three main opposition parties said that it was rigged and, in an all too familiar modus operandi, started violent protests.
Mahdi Darius Nazemroaya
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Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF′s power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”[1]
Andrew G. Marshall
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Measuring unemployment is an art that can result in widely varied rates. Not surprisingly, the U.S. Government uses a method that excludes millions of Americans seeking employment. This lower rate is used to prove that America’s economic system is superior to those in Europe. Their higher unemployment rates are blamed on unions and socialism, which guarantee workers health care and paid vacations. The implication is that while many American workers lack such benefits, at least they have jobs. This argument is faulty since unemployment is measured differently.
Carlton Meyer
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Many institutions have been blamed for our current economic woes. But one person, the long-time former chairman of the Federal Reserve, bears primary responsibility.
Walter Cadette
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Ambassador Chas Freeman withdrew from consideration for a top intelligence post in the Obama administration on Tuesday, following a vitriolic battle that pitted Republican lawmakers and pro-Israel hardliners opposed to his appointment against liberals and members of the intelligence and diplomatic communities who had come to his defence.
Daniel Luban & Jim Lobe
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With a crashing currency, the disappearance of foreign capital, greatly decreased energy revenues and currency reserves flying out of the bank, the Western perception is that Russia is on the verge of collapsing once again. Consequently, many Western countries have started to grow complacent about Russia’s ability to further project power abroad.
Stratfor.com
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Genes from genetically-engineered corn have been found in traditional crop strains in Mexico, according to a new study likely to reignite a bitter controversy over biotech maize.
Agencies
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“Promise amid peril.” The stated priorities of the Obama economic package are health, education, renewable energy, investment in infrastructure and transportation. "Quality education" is at the forefront. Obama has also promised to "make health care more affordable and accessible", for every American.
Michel Chossudovsky
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Unbelievable Obama: Another increase on defense budget!
AFP
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The Black Sea region connects Europe with Asia and the Eurasian land mass to the Middle East through Turkey on its southern rim, which borders Syria, Iraq and Iran.
Rick Rozoff
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The global economic meltdown has already caused bank failures, bankruptcies, plant closings, and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of 2008 has only recently made its appearance: increased civil unrest and ethnic strife. Someday, perhaps, war may follow.
Michael T Klare
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Martin Wolf started off his Financial Times column today (February 11) with the bold question: “Has Barack Obama’s presidency already failed?”[1] The stock market had a similar opinion, plunging 382 points. Having promised “change,” Mr. Obama is giving us more Clinton-Bush via Robert Rubin’s protégé, Tim Geithner. Tuesday’s $2.5 trillion Financial Stabilization Plan to re-inflate the Bubble Economy is basically an extension of the Bush-Paulson giveaway – yet more Rubinomics for financial insiders in the emerging Wall Street trusts.
Michael Hudson
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Moscow has correctly assessed that the announced Obama troop buildup in Afghanistan has no relevance to the stated aim of combatting the ‘Taliban’, but rather with a new attempt by the Pentagon strategists to encircle both Russia and China on Eurasia in order to retain US global military dominance. It is not waiting for a new policy from Washington. Rather Russia is acting to secure its perimeter in Central Asia through a series of calculated geopolitical moves reminiscent of the famous Great Game of more than a Century ago. The stakes in this geopolitical power game could not be higher—the issue of world war or peace in the coming decade.
F. William Engdahl
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