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Russian Economy hit by Eurozone contraction

March 6, 2012 in Finance, Headline, Politics, World News

(AFP Photo / Philippe Huguen)

rt.com

The Eurozone economy is edging towards recession as business activity slows. The February shadow came from Italy and Spain. The Russian economy performed better last month, but is expected to be pressed by the Eurozone doom and gloom in the future.

February PMI data – an indicator of business activity – pointed to a drop in the Eurozone economies, causing fears of a continued recession. “A drop in services activity offset a marginal rise in manufacturing production,” the Eurozone PMI report explained.

The PMI Composite output Index for the Eurozone entered negative territory crossing the dividing line between growth and decline. It stood at 49.3 in February, which is a fall from 50.4 in January.

“At this stage, our best estimate is that the region’s GDP will have contracted by 0.1% in the first three months of the year,” commented Chris Williamson, Chief Economist at Markit.

The Eurozone Composite output Index compiled by Markit tracks manufacturing and services at 4,500 companies in the area to provide for a general understanding of the economic environment.

A PMI reading above 50 points to growth, with below 50 pointing to economic contraction. Read the rest of this entry →

Anonymous – Fed Reserve Caught Red Handed

March 4, 2012 in Finance, Headline, Occupy, Politics, Video Perspective

Uploaded by on Feb 25, 2012

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A World Bank for a new world

March 4, 2012 in Finance, Headline, Occupy, Politics, World News

Jeffrey Sachs writes: The world is at a crossroads. Either the global community will join together to fight poverty, resource depletion and climate change, or it will face a generation of resource wars, political instability and environmental ruin.

The World Bank, if properly led, can play a key role in averting these threats and the risks that they imply. The global stakes are thus very high this spring as the Bank’s 187 member countries choose a new president to succeed Robert Zoellick, whose term ends in July.

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The Arrival of the Warrior Corporation – Drones

March 4, 2012 in ANON NeWs, Headline, Politics, World News

ElDave (CC-BY)

By Tom Engelhardt, TomDispatch

This piece originally appeared at TomDispatch.

In the American mind, if Apple made weapons, they would undoubtedly be drones, those remotely piloted planes getting such great press here.  They have generally been greeted as if they were the sleekest of iPhones armed with missiles.

When the first American drone assassins burst onto the global stage early in the last decade, they caught most of us by surprise, especially because they seemed to come out of nowhere or from some wild sci-fi novel.  Ever since, they’ve been touted in the media as the shiniest presents under the American Christmas tree of war, the perfect weapons to solve our problems when it comes to evildoers lurking in the global badlands. Read the rest of this entry →

13 Million Unemployed : Why Aren’t They a Political Force to be Reckoned With?

March 2, 2012 in Headline, Occupy, Politics

By Jenny Brown  -  alternet.org

Unions are still grappling with how to organize the unemployed, including their own ex-members, into a political force.

Photo Credit: AFP/Getty Images

Wrenching testimonies from laid-off workers are overflowing the internet, crying out from the pages of policy reports, and popping up in commercial media. But unions are still grappling with how to organize the unemployed, including their own ex-members, into a political force.

Department of Labor figures for December showed 13.1 million unemployed and actively looking for work, almost half of them for more than six months. Another 8.1 million were working part-time involuntarily, and 2.5 million were too discouraged to look for work.

Unfortunately, unions don’t do a good job of organizing this vast pool, said Tom Lewandowski, who spent nine years on layoff from GE starting in 1975.

Now, as president of the Northeast Indiana Central Labor Council in Fort Wayne, he’s leading an effort to survey unemployed workers, watchdog the county’s economic development, and demand accountability from the unemployment office for laid-off workers struggling to navigate the system. Read the rest of this entry →

Honduras – Resistance Front Forms Political Party

March 1, 2012 in Headline, Politics, World News

Honduras’s National Front for Popular Resistance (FNRP) gathered in Tegucigalpa February 11-12 to launch a political party. The name, “Liberation and Re-foundation Party (Libre),” is timely: Honduras is mired in catastrophe.

Its murder rate is the world’s highest. Political violence, crime, militarization, poverty, malnutrition, drug trafficking, and police corruption are overflowing. Landowner thugs kill family farmers; the two-year toll of murdered journalists is 13. The economy shrunk 2.1% in 2009. On February 14 a prison fire killed 350 mostly uncharged and untried inmates. Most died behind doors the police didn’t unlock. Read the rest of this entry →

Britain leads dash to explore for oil in war-torn Somalia

March 1, 2012 in Headline, Politics, World News

and Tariq Abdinasir –  guardian.co.uk

Engineers and visitors tour an exploratory well in Somalia's semi-autonomous Puntland region. Photograph: Reuters

Government offers humanitarian aid and security assistance in the hope of a stake in country’s future energy industry

Britain is involved in a secret high-stakes dash for oil in Somalia, with the government offering humanitarian aid and security assistance in the hope of a stake in the beleaguered country’s future energy industry.

Riven by two decades of conflict that have seen the emergence of a dangerous Islamic insurgency, Somalia is routinely described as the world’s most comprehensively “failed” state, as well as one of its poorest. Its coastline has become a haven for pirates preying on international shipping in the Indian Ocean. Read the rest of this entry →

A small but important SF Rally: Why Greece matters to the Occupy movement.

February 27, 2012 in Editorial, Finance, Headline, Occupy, Politics, World News

Are the people of Greece being set up “economic hitman” style and could the US be one of the next victims?  About seventy-five of us gathered Friday February 17 at 101 Market Street in front of the Federal Reserve Bank of San Francisco, our home-base.  Green signs dotted the sidewalk with messages such as “IMF out of Greece” and “The people of Greece are sovereign.”  Cars, buses and trolleys passed by, some honking in support.  But today was different than a typical Friday evening at OccupySF, because a speaker from Greece, Maria, stood with a megaphone describing the economic tragedy that Is unfolding for the Greek people, “Children are fainting in schools due to lack of food…this austerity package sets up the country for privatization where the people will have to sell off their water, their sewage, their telecommunications and their natural resources which includes coal and oil.  It will lead to the country’s resources being pillaged.”

As we munched on delicious Greek dolmas donated by a local Café, an Occupy speak-out began on the plight of Greece, and some of our homeless occupiers exhibited knowledge of economics far surpassing the average US citizen.   Mike spoke about the involvement of Goldman Sachs in the derivative swaps that set the country up for failure, and how the signing terms of the austerity measures “literally sell off Greek democracy to private banks and corporations.”  Rob spoke about the parallels with Iceland, a great example of what should happen, and how Wiki-leaks releases showed the corruption and fraud of the bankers, prompting the Icelandic people to denounce the debt.  “We need to prosecute these bankers and get our sovereignty back,” he said.  Derek spoke about how we need alternative structures such as a time-bank/skill-share system to challenge the currency-based system so people can take direct responsibility for what their actions produce, and Nick, a Veteran for peace compared the oppression of the Occupy movement which led to the breaking of his ear-drum by police, to the oppression of the people in Greece. Read the rest of this entry →

March and Rally! Funeral for the Gulf of Mexico! Demands of Government and BP

February 27, 2012 in ANON NeWs, Editorial, Finance, Headline, Occupy, Politics, Update, World News

Posted on February 26, 2012 by Mikal NOLA

 

http://www.facebook.com/events/271951906207368/

List of Demands of the Government and BP as a result of the BP oil Disaster:

  1. Revoke the arbitrary cut off dates to file claims: No limit on the filing of claims.
  2. Free public health clinics should be set up in every community impacted by the disaster to facilitate the treatment of those impacted by the chemical poisoning.
  3. The people demand a full and public trial of BP. No settlement! All evidence associated with this trial, documents, tests of marine and human life, and reports should be accessible to the public. We demand full transparency of the government and BP.
  4. The people demand a fair and just outcome of the BP trial, nothing less than 100% compensation for human and marine losses suffered as a result of BP and the government’s criminal negligence and full and ongoing rehab of gulf waters and wetlands.
  5. Ban the use of dispersants, including Corexit. Facilitate the use of green technology to rehab the gulf and wetlands. Facilitate the use of green technology to rehab the gulf and wetlands.
  6. Full disclosure by the U.S. government, BP and NALCO, the company that manufactures Corexit, as to how much Corexit has actually been in the Gulf of Mexico.
  7. NALCO should be held accountable for damages to marine and human life for the use of Corexit.
  8. Seize assets of BP and put them under public control. Those assets will be used toward compensation, health care for all poisoned by the chemicals, green rehabilitation of the Gulf waters and beaches, retraining of oil field workers offer green jobs and fair and just compensation for loss of jobs, and development and production of green energy and technology.
  9. Manage and regulate the oil industry under a democratically elected council of workers, community members and environmental planners.
  10. Massive investment into a public works program to develop and move toward clean, renewable energy and public transpiration to create millions of union jobs and move towards green energy, and end our dependence on fossil fuels.