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Who guards the guardians? IMF and Standard and Poor'sBy Michael Collins The International Monetary Fund (IMF) and Standard and Poor's are highly placed guardians of the world economy. IMF is supposed to teach developing nations how to be just like us, i.e., onerously indebted to the big banks. Standard and Poor's is the keeper of the credit, ratings that ripple through the economy and impact hundreds of millions. Nobody elected these folks. They were begotten, not made. After IMF finished helping Egypt, Tunisia, and Libya with privatization and free markets, those nations descended into chaos and they're now broke, all of them, with lower living standards to boot. (See IMF Rates Up Dictatorships Just Before Revolutions) Michael Collins May 26, 2012 - 2:06am
( categories: Global Financial Crisis )
The Mundanity Of Anarchism"From the outside, anarchy might look threatening and scary and exciting. From the inside, anarchy can seem quite boring. But it is a profoundly hopeful type of boring." This more nuanced account of what anarchism is and what anarchists do is a refreshing change from the usual shrill MSM version. A must-read. " Steve Hynd May 25, 2012 - 7:06pm
Poetry open thread for Memorial Day weekendTeam Agonist | Blogistan | May 25 originally posted Memorial Day May 29, 2006. Please add your favorites. Editor May 25, 2012 - 6:57pm
( categories: Global Politics and Culture )
Friday Cat Blogging (16 Hours Late Edition)
Sorry 'bout that, Chief! Raja May 25, 2012 - 4:58pm
( categories: Miscellany )
A difference so small it's no difference at allThe Guardian has two good peices that need to be read together today. First, Mehdi Hasan points out that Barack Obama, like Mitt Romney, is an apologist for the 1%. Then Gary Younge writes that while the white working class is often said to 'vote against its own interests' by rejecting Democrats, we could equally ask why poor black and latino folk consistently vote against their interests by turning out for Dems.
Or as one of my friends crudely put it: "the difference is that the Dems at least offer to buy you dinner before they date-rape you. But you still don't get that dinner." Steve Hynd May 25, 2012 - 3:45pm
Fiddling While The World BurnsQuote of the day comes from Tove Maria Ryding, of Greenpeace, talking about the depressingly futile latest round of climate talks in Bonn.
More here. Steve Hynd May 25, 2012 - 3:11pm
( categories: Global Warming )
Dear A.P., Get Off Your Iran War HorseWhat a shockingly bad lede from A.P. this is:
Argh, Iran has stepped over the line! Panic! Start the bombing right now! Oh wait:
Even David Albright, no stranger to concocting scary Iran stories himself, admits that the trace amounts found are almost certainly a quality control issue and are "embarrassing but not nefarious". Cancel the bombers! George Jahn, who leads reporting on Iran for the A.P. and wrote this piece, has a long history of banging war drums at every opportunity and a track record of revealing spanner-in-the-works scoops sourced to "an official of a country tracking Iran's nuclear program" which is a "member of the International Atomic Energy Agency" - that is, Israel. Others like the team of man-Judys at the NYT, Broad and Sanger, or Reueters' Deihl, are hardly any better. They usually force themselves to get the truth in there somewhere, but they'll spin it as negatively as possible. When reading Western media on Iran, it's best to remember the Spanish-American War and that Pullitzer was one of the pioneers of yellow journalism. But...we should definitely fear Iran's Oompa-Loompa engineers. Steve Hynd May 25, 2012 - 12:50pm
The Man Who Started Libyan War Wants War On Syria TooThe French Tom Friedman, Bernard-Henri Lévy, is calling for war again. Infamous as the man who convinced his pal Sarkozy that a short, victorious war in Libya would help his election chances - leading Sarko to drag in the Brits and Cameron to drag in the US - he's now looking to the UK's Cameron to lead the charge against Syria. The platform is his new nacissistic movie about how he started the Libya intervention.
Luckily - since Syria is a very different and far harder proposition than Libya both militarily and socially and in any case the whole notion of "humanitarian intervention" is on a shaky footing - I doubt Cameron will be so easy to fool. Steve Hynd May 25, 2012 - 12:28pm
( categories: Miscellany | Levant )
Canada student protests erupt into political crisis with mass arrestsAdam Gabbatt | Montreal | May 24 Protests that began in opposition to tuition fees in Canada have exploded into a political crisis with the mass arrest of hundreds of demonstrators amid a backlash against draconian emergency laws. More than 500 people were arrested in a demonstration in Montreal on Wednesday night as protesters defied a controversial new law – Bill 78 – that places restrictions on the right to demonstrate. In Quebec City, police arrested 176 people under the provisions of the new law. Demonstrators have been gathering in Montreal for just over 100 days to oppose tuition increases by the Quebec provincial government. On Tuesday, about 100 people were arrested after organisers say 300,000 people took the streets. Raja May 24, 2012 - 6:42pm
Rupert Watch, Leveson Testimony Spells Doom for Cameron and HuntBy Michael Collins
"Cameron continues to insist that the inquiry is the best forum to evaluate Hunt’s actions. This signals the beginning of the end for Cameron. He’s proposing a solution for the Hunt investigation that is outside the rules of Parliament, in a forum that has rejected him. Upon closer examination, existing evidence will lead to even stronger condemnation of Hunt’s behaviour. Any new materials produced by the inquiry will bury him. "Where will that leave Cameron? Finished!" Michael Collins, Independentaustralia.net May 10, 2012Queens Counsel Robert Jay unearthed a devastating piece of evidence that will surely create calls for the resignation of both culture secretary Jeremy Hunt and Prime Minister David Cameron. In afternoon testimony at the Leveson Inquiry today (5/24), Jay confronted News Corp lobbyist Frederic Michel with an email rendition of a Hunt to Cameron memo of November 19, 2010 (see testimony/full memo at end of article). Hunt is clearly cheerleading for the News Corp acquisition of immensely profitable pay TV network BSkyB. News Corp owned 39% of the network and wanted to purchase the remaining 61%. This acquisition was absolutely critical to News Corp profitability and as a sign that Rupert and James Murdoch actually knew what they were doing. One month after he got the biased memo, Cameron appointed Hunt as the government minister in charge of approving the bid. Hunt portrayed his role as "quasi-judicial" and claimed he was an objective judge. The bid was opposed by an alliance of news organizations. Now we know, without any doubt and from Hunt's own words that he was biased in favor of approving the News Corp bid before he even got the authority to judge. We also know that PM Cameron knew Hunt's bias and appointed him anyway. Michael Collins May 24, 2012 - 4:36pm
( categories: Murdoch Corp. Scandal )
US To Vet Syrian Rebel Arms Recipients - Really?I guess the Saudis, Quataris, Libyans and Turks all want that special rubber stamp of American approval...just in case they need someone to blame later.
Steve Hynd May 24, 2012 - 3:02pm
( categories: Levant )
Iran Talks - On To Moscow In JuneThe EU's Ashton says the next round of talks will be in Moscow on June 18-19. Forget all the did-they-didn't-they-make-progress media reports - those are just reporters looking for an easy and headlineable narrative (and in some cases, working the agenda of those who'd rather see talks fail). The truth is captured perfectly by Ashton's spokes: "If there wasn’t progress, we wouldn’t still be holding the talks," Mann told reporters in the Iraqi capital. "Progress has been made." The process is the progress. That's a whole 'nother month there won't be war. Steve Hynd May 24, 2012 - 1:50pm
( categories: Miscellany | Iran )
Israeli Racism Turns Violent - Again.Racist attacks on black Africans - they're not just for Libyans.
Seems to me everyone in the North has it in for sub-Saharans. But I do wonder whether the Israeli bigots have a heirarchy of racism which ranks Arabs and black Africans on a scale of hateability. The bigots would doubtless complain that their hate is also about "infiltrators" taking jobs and causing crime. As Ta-Nehisi Coates notes today though, "Complicating racism with other factors doesn't make it any better. It just makes it racism. Again." That's as true in Israel as it is anywhere else. Steve Hynd May 24, 2012 - 12:41pm
Speaking Of AusterityWhen you compare them head-to-head, the Obama and Romney tax plans are nearly identical:
Actor 212 May 24, 2012 - 9:43am
( categories: Economics | Economics: USA | The Markets | USA | USA: Campaign 2012 | USA: Domestic Issues )
Eurozone just about 100 percent in favor of pro-growth strategy, dumping austerity
German Chancellor Angela Merkel is like a phlegmatic dominatrix. She enjoys delivering pain, lots of it, but she does so in a sluggish fashion, without any flair. She's had a free ride for too long. Now, her day has come. Merkel is the last impediment to throwing austerity overboard in Europe and the United States. Correction: the last impediment to appearing to throw austerity overboard. Obama gave up the rhetoric of austerity before the kickoff of his 2012 campaign. His opening speech in Columbus, Ohio was so populist-infused; you might have thought he was campaigning against himself. Newly elected President of France François Hollande arrived at the right time to lead the move away from austerity. Andrew Grice of The Independent noted, "The French leader said the EU had to consider all ways to increase growth. And eurobonds are part of the discussion." Michael Collins May 24, 2012 - 12:45am
( categories: Global Financial Crisis )
Paul Krugman on Euro Rescue Efforts 'Right Now, We Need Expansion'The interview was conducted by Martin Hesse and Thomas Schulz | May 24 Tina May 23, 2012 - 11:45pm
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![]() Neil Armstrong breaks his silence to give accountants moon exclusiveAlok Jha | May 24 As the first person to walk on the moon, he is a man whose name will be remembered for generations to come. But perhaps one of the other well-known things about Neil Armstrong is that he hardly ever gives interviews. It was therefore something of a coup for Alex Malley, chief executive of Certified Practicing Accountants of Australia, to secure almost an hour of Armstrong's time to discuss the astronaut's trip to the moon. In the illuminating conversation posted online on the CPA Australia website, Armstrong revealed how he thought his mission, Apollo 11, only had a 50% chance of landing safely on the moon's surface and said it was "sad" that the current US government's ambitions for Nasa were so reduced compared with the achievements of the 1960s. "Nasa has been one of the most successful public investments in motivating students to do well and achieve all they can achieve," said Armstrong. "It's sad that we are turning the programme in a direction where it will reduce the amount of motivation and stimulation it provides to young people." ** CPA Australia Presents Tina May 23, 2012 - 11:38pm
Pressure On Australia To Choose An Ally - US Or ChinaFrom OilPrice.com:
Steve Hynd May 23, 2012 - 4:55pm
M.I.6 Says Still 25-50% Chance Israel Will Attack Iran Before NovemberThe Guardian's Nick Hopkins reports that British defense chiefs are dusting off and updating contingency plans after being told by M.I.6 that there's still a "25-50% chance" that Israel will decide to attack Iran before the US elections in November, inevitably drawing in the US and UK.
British contingency measures are mostly defensive: making sure British troops in Helmand, Afghanistan are properly prepared for the prospect of Iranian-sponsored attacks as well as by Talibanesque groups and moving UK minesweeping vessels to the Persian Gulf to help keep shipping lanes open if Iran mines the Strait. Hopkins reports that some cabinet ministers would strongly resist UK involvement in any missile or air strikes on Iran by the US if Israel does drag the allies into war. That resistance seems to extend into the British civil service and military establishments.
I wonder if US officials feel the same way? Probably. Steve Hynd May 23, 2012 - 1:28pm
Today's Iran TalksAs expected, no-one is offering sanctions relief yet and no-one is talking about a breakthrough. The P5+1 offered a deal:
But I'm more interested in seeing the details of Iran's counteroffer when they inevitably leak.
Talks are expected to continue tomorrow. Softly, softly. Steve Hynd May 23, 2012 - 12:52pm
( categories: Iran )
Liberals Are FappingWe probably shouldn't be, because something similar could happen to Democrats, eventually:
Actor 212 May 23, 2012 - 9:24am
Is there hopeSocialism rears its beautiful head (Article by Gar Alperovitz via Common Dreams).
Might as well try something new - the old way isn't working.
steeleweed May 23, 2012 - 9:07am
( categories: Economics: USA )
‘Anonymous’ hackers release 1.7GB of stolen DOJ dataZach Epstein “We do not stand for any government or parties, we stand for freedom of people, freedom of speech and freedom of information,” the hackers wrote. ”We are releasing data to spread information, to allow the people to be heard and to know the corruption in their government. We are releasing it to end the corruption that exists, and truly make those who are being oppressed free.” quiet Bill May 23, 2012 - 8:21am
( categories: AgonistWire | Liberties | Technology | USA: "Occupy Protests" | USA: Homeland Security )
Egyptians Go to Polls in Landmark Presidential ElectionDavid D. Kirkpatrick & Alan Cowell | Cairo | May 23 With the skies clear and the weather warm, long lines of people queued at polling stations to vote in an election cast as a watershed in their political history. Raja May 23, 2012 - 7:05am
( categories: AgonistWire | Africa: North )
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