Kindly forward this newsletter to your friends and encourage them to join this mailing list. www.countercurrents.org/subscribe.htm . And also a reminder, August is Countercurrents popularisation month. Just visit this url and do what you can. countercurrents.org/poster.ht

Why We Are Against India-US Nuclear Deal
By Sandeep Pandey, Aruna Roy & Medha Patkar

www.countercurrents.org/medha240807.htm

While US Congress took a year and a half to discuss the proposed change in the US laws, permitting nuclear commerce with India, the process in India has been totally undemocratic

Credit Crunch Fallout Begins To spread
By Nick Beams

www.countercurrents.org/beams240807.htm

While stock markets have stabilised—at least for the time being—the effects of the credit crunch sparked by the crisis in the US subprime mortgage market are now working their way through the banks and financial institutions and the economy as a whole

Britons’ Personal Debt Dxceeds Britain’s GDP
By Martin Hickman

www.countercurrents.org/hickman240807.htm

Britons have racked up so much debt on loans and credit cards that the total borrowed now exceeds the entire value of the economy, new research shows today. The financial consultant Grant Thornton is forecasting that gross domestic product (GDP) will hit £1.33 trillion this year, less than the £1.35trn which was outstanding on mortgages, credit cards and personal loans in June

Market Efficiency Hokum
By Stephen Lendman

www.countercurrents.org/lendman240807.htm

Astute observers continue to speculate and comment that the housing bubble and resultant current financial market turmoil came from deliberate widespread malfeasance aided by considerable cash infusion help from the Federal Reserve in the lead on the scheme

Subprime Loans = Primetime For Vampire Lenders
By Jim Hightower

www.countercurrents.org/hightower240807.htm

Let’s recognize that the need for “subprime” mortgages is driven by our low-wage/no-benefit economy and by our country’s growing scarcity of affordable housing. It’s not merely a low-income mortgage system that must be fixed — our leaders’ pursuit of a low-income America must be stopped

A Boycott Of Israel:Something Has Changed
By John Pilger

www.countercurrents.org/pilger240807.htm

The courageous Israeli historian, Ilan Papp³, believes a single democratic state, to which the Palestinian refugees are given the right of return, is the only feasible and just solution, and that a sanctions and boycott campaign is critical in achieving this. Would the Israeli population be moved by a worldwide boycott?

Why Cheney Really Is That Bad
By Scott Ritter

www.countercurrents.org/ritter240807.htm

“Bush’s Brain” may be gone, but his “Soul” lives on. It is high time all of America put Dick Cheney fully in the spotlight of collective accountability, purging our nation of this scourge which has harmed us in so many ways. If there is any case for impeachment to be made against any member of the Bush administration today, it can be made against a vice president who has shamed our nation, destroyed our moral standing and broken our laws

Haitian Prisoner Of Conscience Returns
By Bill Quigley

www.countercurrents.org/quigley240807.htm

Pere Gerard Jean-Juste, an outspoken Haitian voice for human rights, economic justice and democracy, returned to Haiti last weekend for the first time since being hustled out of a prison cell by heavily armed guards and put on a waiting plane to Miami in January of 2006

Will U.S. Be Final Victim Of Its Global Dance Macabre?
By Gul Jammas Hussain

www.countercurrents.org/hussain240807.htm

With a huge economic, democratic, and moral deficit since World War II and a tainted conscience, ironically the United States may lose its superpower status while trying to pull off another ‘democracy promoting’ project

Ah, Democracy, We Hardly Knew Ye…
By Sheila Samples

www.countercurrents.org/samples240807.htm

It is madness to stand upon the precipice of a Constitutional crisis and even consider for one moment plunging into the abyss by giving Bush additional time to spy on Americans, to torture and kill innocents abroad, and to abandon an exhausted and ill-equipped military on the killing fields of a nation embroiled in the spiraling violence of civil war

A Climate Change Wiki
By Bill Henderson

www.countercurrents.org/henderson240807.htm

Building a wiki could be the democratic innovation we need to finally adequately address the climate change problem – a wiki could at least put us all on the same page – and may be a very useful tool in managing man so that a sustainable future is possible

Book Review: Fair Trade For All – How Trade Can Promote Development
By Jim Miles

www.countercurrents.org/miles240807.htm

A book with major flaws that reveal much truth

Prisoner Of Its Own Doing
By Firdous Syed

www.countercurrents.org/syed240807.htm

Only an honourable settlement for Kashmir, amicable for India and Pakistan, has the potential to usher not only an era of peace and stability in the region but also a process of reconciliation between the people of Kashmir, India and Pakistan. And who knows, even the dream of borderless South Asia could become a reality in future

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