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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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Even as U.S. President Barack Obama prepares to deploy more military forces to Afghanistan - what he has called "the central front" in former President George W. Bush's "global war on terror" - a consensus on overall U.S. strategy there remains elusive.
Jim Lobe
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With a rightist insurgency raging on both sides of the Afghan-Pakistan border, the United States is resorting to a tried-and-true method to stem the rising fundamentalist tide: direct military intervention and massive violence.
Antifascist
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Within days of taking power, the Obama administration has made clear that it will escalate the war to subjugate the Afghan people, intensify US military strikes on targets inside Pakistan and continue the occupation of Iraq indefinitely.
James Cogan
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The rise of the US as a world power was accomplished militarily and on credit (Graph 5). Like the shown examples in Part I with Rome, France and England, the end of the US will be in a similar fashion.
Rolf Nef
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There has been some talk concerning American intentions to forge an Asian NATO, i.e. a US led military alliance meant to advance its members' geopolitical interests in the region. During the Cold War, the US created the Southeast Asia Treaty Organization (SEATO) which also encompassed France and the UK as well as regional pro-Western States such as Australia, New Zealand, Thailand, Pakistan and the Philippines. However, such organization was dissolved in 1977.
José Miguel Alonso Trabanco
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