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Does The Bailout Pass The Smell Test?
By Paul Craig Roberts
www.countercurrents.org/roberts141008.htm
The authorities have blamed subprime mortgages for the crisis. Why then does their solution fail to address the problem of the mortgages? Instead, the solution directs public money into an increasingly concentrated private financial sector, the management of which is not only vastly overpaid, but also has escaped accountability for the financial chicanery that, allegedly, threatens systemic financial meltdown unless bailed out by the taxpayers
The October Surprise: Global Panic
By Stephen Lendman
www.countercurrents.org/lendman141008.htm
Ordinary people are hit hardest. Millions will suffer grievously for years as a result of this totally avoidable crisis. Fraudsters who caused it are rewarded. Innocent homeowners, households, and workers are punished. Mercilessly
My Depression — Or Ours?
By Tom Engelhardt
www.countercurrents.org/engelhardt141008.htm
The Great Depression brought Hitler as well as Roosevelt to power. And if people are disturbed by the anger, the threats, the rage exhibited recently at McCain/Palin rallies, then hold your hats as things turn truly grim. So I sit here and worry. And I know I’m not alone
Forewarned Is Forearmed
By Timothy V. Gatto
www.countercurrents.org/gatto141008.htm
“Forewarned is forearmed” Knowledge of imminent danger can prepare us to overcome it. But what is it that we should be prepared for? That my friend is the million dollar question, we are hurtling towards economic meltdown, our streets aren’t safe, the food we eat is altered, the planet is choking on carbon and the icecaps are melting. All of this is a lot to take in. Some people are doing their utmost while some are just biding time until everything falls to pieces
There Is No Quick Fix
By David Truskoff
www.countercurrents.org/truskoff141008.htm
I am amazed at how the pundits and so-called experts continue to offer opinions on how to fix the economic worldwide meltdown. No one seems to want to go back and see what started it or explain how it started. Trickle down economics does not work and never did, but no one is willing to admit that and so we keep hearing band-aid ideas of how to fix the problem
The Age Of Turbulence “Introduction”
By Thomas Riggins
www.countercurrents.org/riggins141008.htm
The melt down of the world financial system is a good back drop for these reflections on the introduction to Alan Greenspan’s 2007 memoir. His book THE AGE OF TURBULENCE is subtitled, “Adventures In A New World.” The “New World” that Greenspan now finds himself in is, however, not the world of his dreams but the old world found in the pages of DAS KAPITAL
When The Federal Government Fails The People
By Joel S. Hirschhorn
www.countercurrents.org/hirschhorn141008.htm
Things have turned so ugly that electing a new president and many new members of Congress will at best provide band-aids when what is needed is nothing less than what Thomas Jefferson wisely said our nation would need periodically: a political revolution
Why America’s Democratic And
Economic Policies Are Failing
By G. Asgar Mitha
www.countercurrents.org/mitha141008.htm
America, thanks to Bush, is no longer the democracy that he has lectured the rest of the world about. And Americans and west can thank him for an economy he has started to destroy, leaving behind mountains of debts for several generations to come. Can a nation addicted to gambling pay off those debts?
Study Censures Media For Its Reporting Of Jamia Nagar Encounter
By S.K. Pande
www.countercurrents.org/pande141008.htm
Speakers at a meet organised by the Delhi Union of Journalists to release its interim report on media’s coverage of Jamia Nagar encounter were unanimous in their opinion that the credibility of the media has touched an all-time low and the challenge before the media is how to regain this
Some Questions For The Delhi Police And Embedded ‘Journalists’
By Jamia Teachers’ Solidarity Group
www.countercurrents.org/jtsg141008.htm
The last few days have seen the Delhi Police “returning fire” at the critics of the Jamia Nagar encounter. Pressured by the mounting skepticism about police claims, the Delhi Police have now responded with a new round of theories and stories, which nevertheless remain as riddled with holes, as their earlier version(s). Jamia Teachers’ Solidarity Group responds to the latest Police claims
Talibanization Or Balkanization? What Awaits Pakistan First?
By Safdar Jafri
www.countercurrents.org/jafri141008.htm
The fact that in the next few years the map of West Asia is quite likely to change and that Pakistan will be at the forefront in this upcoming change makes the entire game of politics very interesting for the analysts. There will be growing choas, bloodshed, breakaway regions, militancy and above all, most certainly greater US presence in the region in the days to come
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