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Eurozone Bailout Deal

October 29th, 2011

by Stephen Lendman

One size fits all doesn't work. Uniting 17 dissimilar countries under rigid euro rules failed.

Membership means foregoing the right to devalue currencies to make exports more competitive, maintain money sovereignty to monetize debt freely, and legislate fiscal policy to stimulate growth.

Eurozone's obituary remains to be written. It's just a matter of time.

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American crisis politics

October 28th, 2011

Eric Walberg

Is a constitutional amendment or a real third-party candidate the silver bullet that Americans need next year?

American voters now have a clear view of who they can vote for next year, with Barack Obama as the Democrats' certain candidate and Mitt Romney as the Republicans'. Both candidates offer much the same prescriptions for the multiple crises facing their country -- more war and military spending, lower taxes (certainly no big hike for the rich), more bank bailouts, trickle-down economics for the unemployed and the disintegrating environment.

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Why Libya Was Attacked

October 27th, 2011

by Stephen Lendman

Obama's March 28, 2011 address at the National Defense University was true to form. It reeked of duplicity, hypocrisy, and ball-faced lies, saying:

"For generations, the United States of America has played a unique role as an anchor of global security and as an advocate for human freedom."

"....(W)e are reluctant to use force to solve the world's many challenges."

"But when our interests and values are at stake, we have a responsibility to act. That's what happened in Libya...."

For decades, Libya was "ruled by a tyrant....He has denied his people freedom, exploited their wealth, murdered opponents at home and abroad, and terrorized people around the world - including Americans who were killed by Libyan agents."

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Hazardous Hydrofracking in America

October 27th, 2011

by Stephen Lendman

Hydraulic fracking involves using pressurized fluids to fracture rock layers to release oil, gas, coal seam gas, or other substances.

Earthworks says the process provides easier access to deposits and lets oil or gas "travel more easily from the rock pores," where it's trapped, "to the production well."

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Palestine: from Freedom to Insanity of Occupation

October 26th, 2011

Mahboob A. Khawaja, Ph.D.

Danny Schecter, a Harvard Faculty (“Obama’s Betrayal Offer Lessons We can’t Deny.” Free Thought Manifesto: 9/16/2011) quotes a rational perspective of David Foster:

"The really important kind of freedom involves attention, and awareness, and discipline, and effort, and being able truly to care about other people and to sacrifice for them, over and over, in myriad petty little unsexy ways, every day. That is real freedom. The alternative is unconsciousness ………It is about simple awareness - awareness of what is so real and essential, so hidden in plain sight all around us, that we have to keep reminding ourselves, over and over…"

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BP gets Gulf oil drilling permit amid 28,000 unmonitored abandoned wells

October 25th, 2011

By Rady Ananda

"Stage Two" of the BP Gulf of Mexico Environmental Disaster

Since BP’s catastrophic Macondo Blowout in the Gulf of Mexico last year, the Obama Administration has granted nearly 300 new drilling permits [1] and shirked plans to plug 3,600 of more than 28,000 abandoned wells, which pose significant threats to the severely damaged sea.

Among those granted new permits for drilling in the Gulf, on Friday Obama granted BP permission to explore for oil in the Gulf, allowing it to bid on new leases that will be sold at auction in December. [Image]

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Numbers Justify Occupy Movement

October 25th, 2011

Joel S. Hirschhorn

Feeling angry about being betrayed by a corrupt government owned by rich and corporate elites has driven the Occupy Wall Street movement. Emphasizing how the top one percent has prospered incredibly while the bottom 99 percent have been screwed royally is supported by countless data. New data show this is a global phenomenon and that even in the worst of economic times the wealthiest make out like the bandits they are, and there are a lot more of them than one percent.

Globally, millionaires and billionaires now control 38.5 percent of the world’s wealth, according to the latest Global Wealth Report from Credit Suisse. Never have so few owned so much. There are 29.7 million people in the world with household net worth of $1 million or more; they represent less than 1 percent of the world’s population, actually just .4 percent of 7 billion people.

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