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CounterCurrents Newsletter 10 October, 2008 – How To Save The U.S. Economy

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In Solidarity
Binu

How To Save The U.S. Economy
By Richard C. Cook
www.countercurrents.org/cook101008.htm
The cause of the financial failure is that the producing and consumer economy is “maxed out” and is unable to repay existing loans much less new ones. This is because purchasing power in the U.S. has collapsed

Time To Create The Economy We Want
By Kevin Zeese
www.countercurrents.org/zeese101008.htm
The rage over the bailout of Wall Street is still boiling. In fact, the boil is just beginning. Last week the bailed out massive insurance giant AIG had a party for their executives – the bill $440,000 – this, after an $84 billion tax payer bailout. After the party the Federal Reserve gave them $38 billion more!

Iceland Faces National Bankruptcy
By Jordan Shilton
www.countercurrents.org/shilton101008.htm
Iceland’s entire banking system is in danger of collapse. On Wednesday Kaupthing Bank, Iceland’s largest bank, became the third financial institution to be taken over by the government, joining Landsbanki and Glitnir, Iceland’s second and third largest banks

The Trojan Horses Of Our Demise: Reconnecting To The Moral Sense
By Gary Corseri
www.countercurrents.org/corseri101008.htm
The Trojan horses of our demise: ignorance, arrogance, violence and greed. If we seek analogies for our financial collapse, Trojan horses are more instructive than horsemen of the apocalypse. Trojan horses internalize dangers—from the assassins crouching within their wooden hulls; to the gullible celebrants taking them into their fortress-city. In our blame-game culture, where and how we affix blame now is crucial to any possible restitution, let alone redemption. The glass is neither half-full nor half-empty; it is a looking-glass through which we may know ourselves

“Where Will The Money Come From?”
By Devinder Sharma
www.countercurrents.org/devinder101008.htm
If only such ‘speed and sagacity’ was shown to tide over the terrible agrarian crisis sweeping throughout the country for over a decade now, thousands of farmers would have been saved from committing suicide. If only the RBI had stepped in to make more cash (or liquidity) available, the nation could have easily provided an assured employment to each and every Indian not only for 100 days but for all the 365 days in a year. The National Rural Employment Guarantee Programme (NREGA) can be easily extended to bring every unemployed Indian under its gambit

The Methane Time Bomb
And The Triple Meltdown
By Andrew Glikson
www.countercurrents.org/glikson101008.htm
Recent reports of enhanced methane (CH4) leaks off the eastern Siberian coast (about 100 times the background level of about 1780 parts per billion CH4) and off Svalbard (Norway) have been overshadowed in the media by the collapse of the global credit bubble. At the root of both is a common thread, deregulation, including open-ended permits to pollute the atmosphere and the oceans, little-regulated financial systems and economic globalization, representing failure by governments to protect the life and welfare of their hapless populations

Why would The Public Ever Believe Me?
By Andrew Kishner
www.countercurrents.org/kishner101008.htm
The danger, friends, is the region’s public health enemy number 1, the Nevada Test Site. Allow me to remind you: the Nevada Test Site is still prepped for resumption of nuclear testing and there are those in the Defense Department who want (yes, want) to do more – to resume – testing. Then there are the horribly contaminated soils at the Test Site, the subcritical tests that have been the culprit for nations going-nuclear, the people downwind who have been horribly poisoned but never fully compensated, the public health effects that were never properly studied, and the winds

Israeli Best Seller Breaks National Taboo
By Jonathan Cook
www.countercurrents.org/cook10108A.htm
No one is more surprised than Shlomo Sand that his latest academic work has spent 19 weeks on Israel’s bestseller list – and that success has come to the history professor despite his book challenging Israel’s biggest taboo.Dr Sand argues that the idea of a Jewish nation – whose need for a safe haven was originally used to justify the founding of the state of Israel – is a myth invented little more than a century ago

Another Israeli West Bank Land Grab Scheme
By Stephen Lendman
www.countercurrents.org/lendman101008.htm
Israeli policy of land grab continues. All the while monitored by The Israeli Human Rights organization, B’Tselem. It just documented more evidence in its report titled “Access Denied: Israeli measures to deny Palestinians access to land around (West Bank) settlements.” Its findings are discussed below. It details how authorities block Palestinians’ access to areas adjacent to settlements through closure policies and de facto seizure. Land theft and displacement for greater settlement expansions

The Last Bastion Of Acceptable Prejudice…
By Bahija Réghaï
www.countercurrents.org/reghai101008.htm
The elections on both sides of the Canada-US border have revealed that prejudices against Arabs and Muslims are the last bastion of acceptable prejudice in North America

Lies From The Corporate Political Parties
By Timothy V. Gatto
www.countercurrents.org/gatto101008.htm
The real conundrum we have here is that none of the candidates we have running for the Presidency are worth a damn. If the people would demand that barriers enacted to stop third parties that have been put up by the corporate Republican and Democratic parties, we could see more candidates with ballot access

O.B.Cs Of J&K – Fighting For Their Fundamental Rights Since Independence
By Ashok Kumar Basotra
www.countercurrents.org/basotra101008.htm
Perhaps India is the only democratic country in the World where one has to fight for his/her Fundamental Rights enshrined under the Constitution. And the mockery is that one has to wait for ages even if the Apex Court directs for providing said Fundamental Rights within stipulated period of time. Same is the plight of O.B.Cs in J&K State

Dialogue: With Whom? Will The Real Leaders Please Stand Up?
By Cynthia Stephen
www.countercurrents.org/cynthia101008.htm
Sr. Nirmala went to meet Naveen Patnaik and ended up giving his government a certificate. The venerable archbishops of the Catholic Church have already had a “dialogue” with the leadership of the BJP and issued a joint statement that “all efforts should be made to restore peace and a sense of security with the cooperation of the governments concerned and the leadership of the Hindu and Christian communities. Justice must be done to the victims of violence expeditiously.” But even as these statements are made, we see reports that violence in Kandhamal continue and has spread to other districts. So what is the value of the assurances given by the “Hindu” leaders to the Christians? Can we trust these “leaders” to deliver on their assurances?

Do You Need Something To Read ?
By Adam Engel
www.countercurrents.org/engel101008.htm
A review of Mickey Z.’s “CPR FOR DUMMIES” and an interview with the Author

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