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QUOTE OF THE DAY
I wouldn't call it fascism exactly, but [an American] political system nominally controlled by an irresponsible, dumbed down electorate who are manipulated by dishonest, cynical, controlled mass media that dispense the propaganda of a corrupt political establishment can hardly be described as democracy either.
Edward Zehr

The Gladiator: John Fitzgerald Kennedy
John F. Kennedy and All Those "isms"
John F. Kennedy, J. Edgar Hoover, Organized Crime and the Global Village
John F. Kennedy and the Psychopathology of Politics
John F. Kennedy and the Pigs of War
John F. Kennedy and the Titans
John F. Kennedy, Oil, and the War on Terror
John F. Kennedy, The Secret Service and Rich, Fascist Texans

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US Consumers' mood grim as early-80s in May |
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Burton Frierson News Daily Fri, 16 May 2008 14:25 EDT |
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NEW YORK - Consumer confidence tumbled to its lowest in 28 years this month, a survey showed on Friday, as short-term inflation expectations reached the highest levels since the stagflationary early 1980s. The news heightens the dilemma for the Federal Reserve, which has bet that slowing economic growth will tame inflation pressures. The report also showed that lower-income households were the focus of the downturn in sentiment.
The Reuters/University of Michigan Surveys of Consumers' preliminary index of confidence fell to 59.5 in May, the lowest since June 1980. In April it was at 62.6. "Troubling all around, lower confidence and ongoing inflation worries," said Ian Lyngen, interest rate strategist at RBS Greenwich Capital in Greenwich, Connecticut. |
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US Market falls on record oil price |
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Cal Mankowski, Ellis Mnyandu and Kristina Cooke News Daily Fri, 16 May 2008 14:20 EDT |
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NEW YORK - Stocks fell on Friday after the price of oil hit a record and consumer sentiment data came in surprisingly weak, reviving concerns over spending. The unease about the state of the consumer outweighed earlier optimism following a surprise rise in U.S. housing starts and stronger-than-expected earnings from retailers Nordstrom and Abercrombie & Fitch . U.S. consumer confidence tumbled to its lowest in 28 years this month, according to the Reuters/University of Michigan Surveys of Consumers, as short-term inflation expectations hit their highest since the stagflation era of the early 1980s.
The price of oil shot to a record high near $128 a barrel after Goldman Sachs , the most active investment bank in energy markets, sharply raised its price forecast for the second half of 2008. |
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Monsanto: Wanted for Murder in India |
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Tom Harper | Bring It On! Mon, 12 May 2008 05:18 EDT |
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Well, technically it isn't murder. And Monsanto isn't the only culprit; they're just the biggest. Tens of thousands of farmers in India have committed suicide during the past few years. A large part of the problem is Monsanto's increasing stranglehold on the world's seed supply. Their patented seeds cost three times as much as most other seeds. |
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Africa Plays the Rice Card |
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G. Pascal Zachary Foreign Policy Fri, 16 May 2008 01:17 EDT |
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For years, Western experts promised Africans that free-market ideology would save them from poverty and famine. Now, one African country is showing that sometimes, a little protectionism can work wonders. |
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Nigeria: U.S. Probes Halliburton-KBR Oil Scandal |
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Festus Akanbi AllAfrica.com Sun, 11 May 2008 18:01 EDT |
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United States of America has launched a comprehensive probe of the Nigerian oil industry over an alleged bribery scandal involving a former Halliburton subsidiary, Kellogg Brown and Root, (KBR) and some unnamed Nigerian officials during negotiation for its work on a key Royal Dutch Shell project in Nigeria. The probe is to cover a period of 20 years. Halliburton's Nigerian scandal widened from accusations of bribery to accusations of embezzlement by senior executives. The company recently dismissed two of its most senior executives, Robert Stanley and William Chaudin, on suspicion of embezzling $5 million from a Nigerian energy project. |
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China growth to keep commodity boom alive - Red Kite |
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Chris Kelly Reuters Mon, 12 May 2008 16:37 EDT |
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Long-term growth prospects in China should continue to fuel the country's insatiable demand for raw materials like copper and keep a commodity boom in place for years to come, a hedge fund executive said. |
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Mystery Billionaire Avoids Taxes on $200 Million |
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Wall Street Journal Tue, 13 May 2008 14:27 EDT |
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The Justice Department has just indicted a private banker and a trust-company owner for allegedly helping an American billionaire avoid taxes on $200 million in income. The complaint, filed in the U.S. District Court, Southern District of Florida, names Bradley Birkenfeld, an American who resides in Switzerland and worked for two large Swiss banks (which aren't named). It also names Mario Staggl, a Liechtenstein-based owner of a trust company. |
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Capitalism, Agribusiness and the Food Sovereignty Alternative |
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Ian Angus Global Research Sun, 11 May 2008 14:17 EDT |
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When food riots broke out in Haiti last month, the first country to respond was Venezuela. Within days, planes were on their way from Caracas, carrying 364 tons of badly needed food. The people of Haiti are "suffering from the attacks of the empire's global capitalism," Venezuelan president Hugo Chàvez said. "This calls for genuine and profound solidarity from all of us. It is the least we can do for Haiti." Venezuela's action is in the finest tradition of human solidarity. When people are hungry, we should do our best to feed them. Venezuela's example should be applauded and emulated. But aid, however necessary, is only a stopgap. To truly address the problem of world hunger, we must understand and then change the system that causes it. |
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Britain's rich get richer even as recession begins to bite |
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Simon Whelan World Socialist Web Site Wed, 14 May 2008 14:12 EDT |
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The choice of headline to mark 20th aniversary of the Sunday Times Rich List will hardly have given the newspaper's editor sleepness nights: "Rich Get Richer under New Labour." The same headline would suffice for each of the past 10 years. But this time the uninterupted growth of wealth amongst the already super-rich takes place amidst a period of extreme economic turbulence, during which the living standards of working people have fallen sharply. As Sunday Times journalist Philip Beresford's opening gambit illustrates: "Even as the storm clouds gather, Britiain's super-rich have never been richer." |
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Alaska first state to hit $4 a gallon gasoline: AAA reports |
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Bernard Woodall News Daily Thu, 15 May 2008 13:43 EDT |
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LOS ANGELES - Alaska hit a milestone on Wednesday that could be a sign of things to come around the United States this summer -- it became the first state where the average price for regular gasoline reached $4 per gallon. "It wasn't totally unexpected," said Geoff Sundstrom, spokesman for the travel and auto group AAA which issues a daily gasoline price report. "Oil prices recently brushed against $127 per barrel so certainly, $4 gasoline could be in the cards for other states as well this summer," said Sundstrom. |
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