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"You get America out of Iraq and
Israel out of Palestine and you'll stop the terrorism."
- Cindy Sheehan
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P I C T U R E
O F T H E D A Y
©2005 Pierre-Paul
Feyte
Gold closed at 468.80 dollars
an ounce, down 0.7% from $472.20 at the previous Friday's
close. The dollar closed at 0.8369 euros, up
1.1% from 0.8279 euros a week earlier. That puts the
euro at 1.1950 dollars, compared to 1.2079 at the end
of the previous week. Gold in euros, then, closed at
392.30 an ounce, up 0.4% from 390.93 on the previous
Friday. Oil closed at 60.63 dollars a barrel on Friday,
down 5.2% from $63.76 the Friday before. Oil in euros
worked out to 50.74 euros a barrel, down 4.0% from
52.79 for the week. The gold/oil ratio closed at 7.73
up 4.3% from 7.41 at the previous Friday's close. In
the United States stock market, the Dow closed at 10,215.22
on Friday, down 0.8% from10,292.31 for the week. The
NASDAQ closed at 2,082.21, up 0.8% from 2,064.83 at
the previous Friday's close. The yield on the ten-year
U.S. Treasury note closed at 4.38%, down ten basis
points (hundredths of a percent) from 4.48 the week
before.
Workers in the United States have been stunned in
the past couple of weeks by the new Delphi Auto Parts
contract, which cut wages in half. Delphi used to
be part of General Motors before it was spun off.
The auto parts industry has been extremely competitive
for the past generation with competition from numerous
offshore suppliers and with the implementation of
just-in-time inventory processes throughout the auto
industry. With the last two remaining U.S.
auto manufacturers, Ford and General Motors, losing
billions, they have passed the pressure down to the
suppliers, who employ a sizable percentage of the
total auto manufacturing workers in the country.
In previous generations, it was the auto industry
that led the way to high paying industrial manufacturing
jobs in the United States. It's founder, Henry
Ford, gave his name to the era:, the Fordist era,
where the wages of industrial workers, and by extension,
white collar workers as well, were managed by the
trade union system and by collective bargaining. These
wages were set high enough for the workers themselves
to propel the economy with consumer spending.
Now, all the mouthpieces of the ownership class are
telling us that those days are over:
Ohio
Delphi workers denounce company plan to halve
wages and slash jobs
By a WSWS reporting team
15 October 2005
The bankruptcy filing of
Delphi Automotive has set the stage for a historic
rollback in the wages of American auto workers
to levels, in real terms, not seen since the explosive
struggles of the 1930s that gave birth to the industrial
unions in auto and other basic industries. Delphi,
the world's largest auto parts company, which was
spun off from General Motors in 1999, filed for
Chapter 11 bankruptcy protection a week ago, after
demanding that the United Auto Workers union accept
wage cuts of up to 60 percent, along with massive
job cuts and brutal rollbacks in health and pension
benefits.
Since then, Delphi Chairman and
CEO Steve Miller has issued one provocative pronouncement
after another on the theme that decent wages and
benefits for auto workers - and manufacturing workers
in general - are a thing of the past. One example: "Paying
$65 an hour for somebody mowing the lawn at one of
our plants is just not going to survive anywhere
in Industrial America for very long. That's just
a hard fact of life."
The Wall Street Journal hailed
Miller's stand and took up the same theme in a column
published Thursday under the headline "Showdown." The
major organ of US finance wrote: "It marks a
true reckoning for the traditional auto industry
and the end of a 75-year-old way of life in America:
that of the highly paid but unskilled worker."
Earlier in the week Miller announced that he would
ask the bankruptcy court to void Delphi's contracts
with its 33,000 unionized workers if the unions did
not accept his demands, and predicted his wage cuts
would be implemented by next spring.
These attacks will devastate industrial cities across
the United States which have already seen tens of
thousands of manufacturing jobs disappear over the
last two decades. One of these cities is Dayton,
Ohio, where Delphi employs 5,700 hourly and salaried
workers. Four of Delphi's five plants in Dayton are
on the company's list of "underperforming" facilities
that face sale or closure.
Dayton has long been a center of auto parts manufacturing.
In the early 1970s General Motors employed some 30,000
workers in the city making brakes, air conditioners,
struts and other automotive parts. By 1995 that number
had fallen to just 15,000. Following GM's spin-off
of Delphi there was a further huge reduction in jobs.
Delphi workers currently contribute wages of $260
million annually to the local economy. In addition,
dozens of Dayton-area companies employing thousands
of workers are in the auto parts maker's supplier
network. They could face bankruptcy if Delphi shuts
down operations.
A WSWS reporting team visited the Delphi Chassis
Needmore Road plant in Dayton and spoke to workers
about the bankruptcy filing. Only some 1,200 workers
remain at Delphi Chassis out of a workforce that
once numbered 4,300. Because of years of downsizing,
two thirds of Delphi workers have more than 20 years
seniority. One of the central
purposes of Delphi's bankruptcy filing is to obtain
a court ruling terminating its pension obligations
to unionized employees.
A Delphi worker, Robert, told the WSWS, "People
are so stressed and sick of the situation that they
can't get out of bed and come to work."
...The hefty bonuses awarded top Delphi executives
prior to the bankruptcy evoked disgust from virtually
every worker interviewed. Overall, there was a mood
of anger and militancy, and a sense that the problem
began with top management.
The following remarks were fairly typical: "What
they are doing here at Delphi is crazy. This bunch
is no good. There is too much money at the top. Those
people are paid millions and don't work. Delphi has
taken the profits we made them and invested in China,
which made them more money and put us out of work."
Patricia said, "The
place to start is at the top, the ones that have
it and want more, while we workers at the bottom
don't have anything. I have worked in three auto
plants and for all the blood and sweat we have
given the company, our reward has been pain."
In this situation, the leadership of the United
Autoworkers has done everything it can to demoralize
workers and convince them that resistance is hopeless.
In a flier recently distributed at the plant, the
union said it would limit its opposition to the courts.
UAW officials insisted that the company was within
its legal rights to seek the cancellation of the
union contract due to its bankruptcy filing.
...Given the prostration of the
UAW, few workers look to the union for a solution.
At the same time, there is a sense that the attack
on Delphi workers is part of a broader social problem.
Paul, a worker in his late 40s with 28 years seniority,
said, "It's a real bad
situation. Everything workers fought for in the last
70 years is being taken away. In 1996, GM decided
they would crush the UAW and send everyone to the
bottom. The government has done nothing to
help working people. Now it looks like I will have
to work until I am 65."
Mike told the WSWS, "I
have 28 years service and will be cheated out of
my pension. There seems to be a global scheme to
put all the wealth in the hands of a few people,
and in order to get the money and power they are
taking everything workers have."
He connected the latest attack
on Delphi workers with the war in Iraq and the policies
of the Bush administration. "I am against wars.
If every worker took the position, 'I will not kill
another worker,' we could do away with war.
"They
have spent $350 million on war in Iraq. That money
could have been spent on jobs. The war is
about oil and control of the world by the US government
and European governments will help the US. The
assault on democratic rights is almost a done deal
now with the Patriot Act and other antidemocratic
laws."
As all this has been happening, we U.S. workers have
had as consolation the fantasy of moving to Europe,
where workers have guaranteed pensions, healthcare
and eight weeks vacation. At least somewhere
on the globe the average person gets a fair deal. But
now global capitalism has begun to take those things
away from European workers as well. France is
holding on, thanks to citizens who take to the streets
and shut down the country as soon as the elite discusses
even the smallest cutback. The situation in Germany
looks bad, however:
Right-wing
Social Democrat Steinbrück named finance
minister in German grand coalition
By Dietmar Henning
15 October 2005
The nomination Wednesday
of the former North Rhine-Westphalian prime minister,
Peer Steinbrück (Social Democratic Party -
SPD), to the post of finance minister in Germany's
new grand coalition is a clear signal that future
government policy will involve new welfare cuts
and a further redistribution of wealth from the
needy to the rich. At the start of the week
the leadership of the SPD agreed to form a grand
coalition with the conservative union parties,
the Christian Democratic Union (CDU) and Christian
Social Union (CSU).
Steinbrück is a close political friend of the
outgoing economics and labor minister, Wolfgang Clement
(SPD). He is also a calculating apparatchik, who
throughout his career has oriented his policies to
the economic and financial guidelines laid down by
Germany's employers' associations. He has little
interest in the social implications of his decisions
and could just as well have pursued his political
career within the CDU.
...Already during his spell as economics minister
in Schleswig-Holstein in 1993 Steinbrück promised
a policy based on "continuity and reliability,
freed from ideological blinkers" as well as
an "economic policy without subventions."
Since then, Steinbrück has made a name for
himself as a thoroughly dependable representative
of the business lobby and has never sought to hide
his affinities with conservative and "free-market" parties
such as the Free Democratic Party (FDP) and the CDU.
He is a financial administrator for whom balance
sheets are far more important than social conditions.
He describes his politics as "straightforward" and
himself as a "man of the executive."
Steinbrück expressly defended the outgoing
German government's attacks on welfare rights and
the unemployed - the Hartz reforms. In 1999, in his
function as NRW economics minister, he allowed the
payment of non-tariff low wages as part of a pilot
project aimed at an "effective struggle against
unemployment."
In financial questions, Steinbrück
is an advocate of drastic cuts. Along the lines of
the motto: the state cannot spend more than it has,
he gives precedence to budget cuts over increasing
revenue by raising taxes for big business and the
rich.
During his period as prime minister of North Rhine-Westphalia,
Steinbrück introduced the largest budget-cutting
package in the history of the state. The budgets
for 2004 and 2005, which the NRW cabinet officially
agreed in September 2003, contained cuts amounting
to over €2 billion. Virtually all state departments
were forced to accept drastic cuts, with many social
institutions receiving much reduced subsidies. Steinbrück's
finance minister at the time, Jochen Dieckmann (SPD),
who shares Steinbrück's political views, admitted
that these measures would lead to the loss of jobs.
Dieckmann and Steinbrück also ordered state
officials to make their own "savings contribution." Working
time was increased from 38.5 hours to 41 hours per
week and holiday pay was cut. When confronted with
numerous protests, Steinbrück defended his cuts
by declaring there was "no alternative."
The Koch-Steinbrück commission
His determination not to give way to popular opposition
is not the only qualification which Steinbrück
brings to his new post as federal finance minister
in a grand coalition. He also has direct experience
in cooperating with the CDU.
Together with the prime minister of Hesse, Roland
Koch (CDU), he developed the so-called Koch-Steinbrück
commission paper. In September 2003 the two prime
ministers submitted suggestions for the "biggest
program for the dismantling of subsidies in postwar
German history." The cuts were planned to take
place over a period of three years and the paper
was entitled "Dismantling subsidy based on consensus."
They proposed uniformly slashing virtually all department
subsidies by 4 percent and stressed that the cuts
could be extended beyond the initially proposed three
years. The resulting cuts would have amounted to
around €15.8 billion for the years 2004 to 2006
alone. Cuts in tax benefits for ordinary workers,
amounting to savings of another €6 billion,
were also in their sights. "However, we could
obtain no agreement on these measures," Koch
and Steinbrück were forced to concede two years
ago.
Barely an area of administration was to be left
untouched. A series of basic tax benefits for ordinary
earners, such as travel allowances, were to be slashed.
Even the "tax exemption for foreign orchestras
and artistic groups" (savings of €5 million
over three years) was included in the package.
Also lined up were cuts to subsidies for the coal
mining industry, which has traditionally played a
major role in the economy of NRW, as well as to the
shipbuilding industry. Also targeted were subsidies
for social facilities (including agencies for consumer
protection, hospitals, rehabilitation centers, theatres,
museums, institutes for vocational and apprentice
training, juvenile welfare services and other welfare
organizations). All in all, over €1.5 billion
per year was to be saved in these various departments.
The "room for maneuver" created
by the savings was to be used "for an additional
lowering of taxes" which would be "at the
same time an indispensable contribution to the stabilization
of growth and jobs." In
other words: cuts in social benefits would pay for
windfalls for business interests and the well-off.
These cuts were to be implemented
regardless of "resistance." The paper stated
that "the organized resistance of groups and
federations affected has succeeded time and time
again in defending their own advantages at the expense
of the general public." It continued: "[T]he
current state of the public budget provides an opportunity
and at the same time a challenge to implement subsidy
dismantlement against such resistance."
Koch and Steinbrück were unable
to introduce their policy a few years ago, but their
proposals throw light on what can be expected from
Germany's newly formed grand coalition: a further
redistribution of wealth from the needy to the rich
against the "organized resistance" of those
affected.
The hopelessness of the situation for the EU countries
is underlined by the fact that Steinbrück is a
member of the socialist party and by the fact that
the German voters rejected neo-liberal reforms in the
last election.
And, to make the effects of falling wages even worse,
inflation is up.
Inflation
Soars on Surge in Energy Prices
By MARTIN CRUTSINGER, AP Economics
Writer
Inflation at the wholesale level
last month soared by the largest amount in more than
15 years, reflecting the surge in energy prices that
occurred following the Gulf Coast hurricanes.
The Labor Department reported that wholesale prices
jumped 1.9 percent in September, led by surging prices
for gasoline, natural gas and home heating oil after
the widespread shutdowns of refineries and oil platforms
along the Gulf Coast. Food prices, which had been
declining, posted the biggest increase in 11 months
as the price of eggs shot up by a record amount.
Excluding the volatile energy and food sectors,
the so-called core rate of inflation also posted
a worrisome increase of 0.3 percent after showing
no increase at all in August.
The news on wholesale prices followed
a report Friday that consumer prices had risen by
1.2 percent in September, the biggest one-month increase
in a quarter-century as gasoline prices at the pump
climbed by a record 17.9 percent.
While the core rate of inflation at the consumer
level was well-behaved, rising by a tiny 0.1 percent,
the worry is that the sizable increases in energy
will soon begin to spill over into more widespread
inflation pressures.
A number of Federal Reserve officials in recent
weeks have expressed such concerns. In a speech in
Tokyo on Tuesday, Federal Reserve Chairman Alan Greenspan
said the jump in energy prices "will undoubtedly
be a drag from now on."
Greenspan did not quantify how much of a slowdown
will occur, but private economists are forecasting
that the hit from Katrina and Rita could shave as
much as a full percentage point from economic growth
in the final six months of this year.
Analysts believe the Federal Reserve, which boosted
interest rates for an 11th time last month, will
keep raising rates in November and December in an
effort to keep the energy price surge from becoming
embedded in more widespread inflation pressures.
Notice here what Greenspan is really saying. The
Federal Reserve will fight inflation by means of a
serious recession. That is the only way to do
it in an environment of stagflation, where there are
simultaneously rising prices and falling employment
and wages. In times of sharply rising energy prices,
the only way to stop inflation is by engineering a
steep drop in demand, which, with all the credit available
to consumers, can only come with layoffs, pay cuts
and bankruptcies. The political scandal, looming constitutional
crisis and the losing war are not the only ways these
times resemble the early seventies.
The 1.9 percent jump in wholesale
prices matched a similar rise in January 1990.
The 1.9 percent jump has not been surpassed since
a 2 percent jump in November 1974, a period when
the country was coping with surging energy prices
following the 1973 Arab oil embargo.
Over the past 12 months, the Produce Price Index,
which measures inflation pressures before they reach
the consumer, has risen by 6.9 percent, the biggest
12-month change since a rise of 7 percent in the
12 months ending in November 1990.
For September, energy prices jumped by 7.1 percent,
the biggest one-month gain since a 7.5 percent rise
in October 1990. The increase reflected a 12.7 percent
rise in the price of gasoline, a 9 percent increase
in natural gas and a 4.8 percent increase in home
heating oil.
The price of food shot up 1.4 percent last month,
reflecting a record 49.3 percent increase in egg
prices. Vegetable prices rose by 16 percent, reflecting
big increases for snap beans, tomatoes, cabbage,
potatoes and broccoli.
Outside of food and energy, the 0.3 percent increase
in core inflation was the biggest rise since a 0.4
percent increase in July. Over the past 12 months,
core inflation at the wholesale level is up 2.6 percent.
The price of new cars was up 0.9 percent in September
with the price of light trucks up 0.5 percent.
The PPI showed inflation pressures showing up at
earlier stages of production. The price of intermediate
goods rose by 2.5 percent, the biggest increase in
31 years, while the price of crude goods jumped 10.2
percent, the biggest increase in more than two years.
The concern is that businesses, which so far have
held the line on passing on the higher cost of their
materials, may be forced to start raising prices
to cope with surging energy costs.
These inflationary trends would be more worrying if
there was more of a chance the economy would survive
long enough for those trends to cause problems. The
following article from Bloomberg has some pretty apocalyptic
language when referring to the U.S. dollar and economy:
U.S.
Investment Income Close to 'Tipping Point':
John M. Berry
Oct. 13 (Bloomberg) -- The
U.S. may be approaching a dangerous "tipping
point'' in its international transactions.
At the end of last year, foreign investments in
the U.S. were worth $2.5 trillion more than this
country's investments in the rest of the world. Yet
last year, those U.S. assets abroad remarkably still
earned $30 billion more than the foreign assets here.
That stunning disparity in returns is one of many
reasons why the huge U.S. current account deficits
of recent years have been so readily financed. The
sagging net investment position wasn't being compounded
by an ever higher interest bill -- as is the case
with the mounting U.S. government debt.
This year the game has changed.
Net U.S. investment income turned
negative by $455 million dollars in the second quarter,
marking a swift deterioration from a $15 billion
surplus in the first three months of 2004.
If this trend continues -- and there's no reason
to think it won't -- the U.S. will be paying a steadily
rising net amount to foreigners, and those payments
will both increase the U.S. current account deficit
and worsen the country's net investment position.
In a recently published analysis, economists Pierre-Olivier
Gourinchas of the University of California at Berkeley
and Helene Rey of Princeton University warned this
situation could have serious consequences for the
U.S.
The Dollar's Credibility
"Reaching the 'tipping point'
where the U.S. for the first time since the second
World War ceases to have a positive net return on
its net assets could be seen by the market as a significant
blow to the credibility of the dollar," the
economists say.
"In a context where the external
net worth of the U.S. is negative and the return
on its net assets also turns negative, market participants
could start demanding a higher premium on their dollar
assets."
That the U.S. has been able to
sustain financing for its international deficits
up to this point is primarily due to the American
dollar being the world's principal reserve currency,
the center of the global monetary system.
Gourinchas and Rey's analysis traces how over the
past half century U.S. investments abroad came to
pay far greater returns than foreign investments
here. The paper, published by the National Bureau
of Economic Research in August, is "From World
Banker to World Venture Capitalist: U.S. External
Adjustment and the Exorbitant Privilege."
'Exorbitant Privilege'
The phrase "exorbitant privilege" was
coined by French Finance Minister Valery Giscard
d'Estaing in 1965. He used it to describe "the
ability of the U.S. to run large direct investment
surpluses, ultimately financed by the issuance of
dollars held sometimes involuntarily by foreign central
banks," the authors say.
In those days, economists regarded
the U.S. as "the Banker of the World," lending
for long and intermediate terms and borrowing short,
they say.
"Since then, the U.S. has become an increasingly
leveraged financial intermediary as world capital
markets have become more and more integrated. Hence,
a more accurate description of the U.S. in the last
decade may be one of the 'Venture Capitalist of the
World,' issuing short term and fixed income liabilities
and investing primarily in equity and direct investment
abroad," Gourinchas and Rey write.
U.S. Balance Sheet
Initially, U.S. assets shifted from long-term bank
loans to direct investments, such as the purchase
of foreign companies, and in recent years, toward
equity investments. Meanwhile, foreign investment
has favored low-yielding safer assets, including
bank loans, trade credit and debt, particularly Treasury
securities.
"Hence the U.S. balance sheet resembles increasingly
one of a venture capitalist with high return risky
investments on the asset side," the economists
say. "Furthermore, its leverage ratio has increased
sizably over time."
Nevertheless, all the advantages that accrue to
the U.S. as the provider of the central currency
in the global monetary system can't forever offset
the impact of the country consuming more than it
produces. What if a "tipping point" has
been reached?
Gourinchas and Rey say their analysis "does
not imply that the current situation can be maintained
indefinitely."
The Possible Repercussions
"Foreign lenders could decide
to stop financing the U.S. external deficit and run
away from the dollar, either in favor of another
currency such as the euro, or just as dramatically,
require a risk premium on U.S. liquid assets whose
safety could not be guaranteed any longer.
"In either case, the repercussions
could be quite severe, with a decline in the value
of the dollar, higher domestic interest rates and
yields, and a global recession," they caution.
"In a world where the U.S. can supply the international
currency at will, and invest it in illiquid assets,
it still faces a confidence risk," they say.
Should confidence be lost, the
value of the dollar could plunge, and a world financial
crisis could ensue. At that point, even the U.S.
could be forced to stop living beyond its means.
We are entering uncharted waters here, even when we
can point to some disturbing historical parallels with
other empires. Non-linear thinking is needed. Neo-classical,
linear economics will not prepare us for the radical
discontinuities ahead. Here is one "fractal
economist," Gary
Lammert, quoted on George Ure's site:
Linear thinking will persist in seizing the notion
of a typical growth period for equity valuations
going into December. The ongoing stark macroeconomic
data is no match for this pervasive linear thought.
This linear ideation existed in October 2000 for
the over valued and over consumed high techs. The
NASDAQ's valuation decline into December 2000 should
serve as a warning.
The current best fractal solution for the primary
decay sequence of equity valuations is a decline
over the next 50 or so trading days. By current fractal
analysis, nonlinearity is expected as part of this
solution with a remarkable unanticipated devolution. As
commented before, nonlinearity is part of nature's
recurrent theme and common solution for aged structural
conditions at critical stress points. Supernovae,
nuclear fission, earthquakes, and death are common
nonlinear events in an otherwise linearly operating
universe. The stress point of credit deceleration
and contraction in a house of cards financial system
dependent on continuous credit expansion has resulted
in the tremors and shaking of the US composite equity
valuation since 3 August 2005. These rumblings have
been the warning quakes of the deluge soon to come.
In several months, the probable
valuation decline will, retrospectively, be seen
to fit perfectly well with the emanating economic
data that is now occurring and is so very apparent
to those with eyes wide open: the bankruptcy of venerable
smokestack and airline industries; the inflationary
energy cost pressure placed on America's new bell
weather distribution industry, Walmart; the outsourcing
pressure on America's higher paying manufacturing
and technological jobs; the saturation and overvaluation
and higher property taxes associated with the Real
Estate South Sea Tulip industry; the narrowing of
long and short term interest rate spreads decreasing
lenders' profitability; the recent bolus of bankruptcy
filings; the massive current account deficits whose
continuation is wholly dependent on the cash strapped
American consumer and his now cresting housing valuation
debit card; the sharply falling consumer sentiment
and general confidence in the future; the empty sales
rooms of American automobile distributors; the mass
of hopelessly insolvent corporate and city pension
plans; the overly generous entitlement programs whose
sustainability are squarely based on continued consumer
borrowing and spending and a lower paying service
economy to maintain future GDP growth; the recent
ongoing derivative dealer debacle which is but the
tip of the iceberg, and the historically low cash
reserves in mutual funds. How could anyone miss the
ongoing macroeconomic data occurring in our ENRON
nation?
How indeed? |
The
king of real estate's cashing out
Tom Barrack is selling most of his U.S. portfolio.
Maybe you should be
nervous too. |
By Shawn Tully, Fortune Senior
Writer
October 22, 2005: 6:05 PM EDT |
NEW YORK (Fortune) - Tom Barrack,
arguably the world's greatest real estate investor,
is methodically selling off his U.S. real estate holdings
as prices drive the market to nosebleed levels. [...]
"There's too much money
chasing too few good deals, with too much debt
and too few brains." The amateurs are
going to get trampled, he explains, taking seasoned
horsemen, who should get off the turf, down with
them.
Says Barrack: "That's why I'm getting out."
Investors take heed. Barrack
may be an amateur at polo, but when it comes to judging
markets, he's the ultimate pro.
Arguably the
best real estate investor on the planet, he runs
a $245 billion portfolio of trophy assets, from the
Raffles hotel chain in Asia to the Aga Khan's former
resort in Sardinia to Resorts International, the
largest private gaming company in the U.S. [...]
And he sees the bubble deflating
soon. Barrack thinks the catalyst will be a trend
few others are talking about, a steep rise in the
price of building materials and labor. "Construction
costs have spiked 20 percent in the past nine months," he
says. The reasons: Shortages of labor and materials
like lumber because of the building boom, and increases
in the price of oil, needed to produce everything
from plastic piping to insulation to shingles. [...] |
WASHINGTON - President Bush named
top White House economic adviser Ben Bernanke as chairman
of the Federal Reserve Board on Monday to succeed the
near- legendary Alan Greenspan. [...]
It was the third time in
as many years the president has turned to the 51-year-old
Bernanke for a sensitive post. Bush named
him to the Fed board in 2002, then made him chairman
of the president's Council of Economic Advisers
earlier this year. [...]
"If I am confirmed by the Senate I will do everything
in my power, in collaboration with by Fed colleagues
to help assure the continued prosperity and stability
of the American economy," said Bernanke, a Harvard
educated economist.
"My first priority will be
to maintain continuing with the policy and policy strategies
under the Greenspan era," Bernanke added. |
ATLANTA - Delta Air Lines Inc.,
which is operating under bankruptcy protection, expects
to post a loss of $2.16 billion excluding
special items for 2005 because of soaring fuel prices,
its chief financial officer told a group of the company's
pilots Wednesday.
The projection by CFO Edward Bastian was made during
a private presentation to Delta pilots and released
publicly later in a Securities and Exchange Commission
filing. Delta is the nation's third-largest carrier
after AMR Corp.'s American Airlines and UAL Corp.'s
United Airlines. [...]
The airline is trying to get its
pilots to agree to another $325 million in concessions.
That would be on top of $1 billion in annual concessions
the pilots accepted last year.
If the two sides can't agree
on the new round of cuts, Delta has said it is willing
to try to use the bankruptcy court to impose the
cuts. Union officials held meetings starting
Monday to discuss their options.
Delta has already posted nearly $10
billion in losses since January 2001. |
The article below appears
in the current issue of Harpers and was written
by Lewis
H. Lapham
Knowing the source of this piece makes it all the
more disturbing. It is not
every day that the editor of a respected national
magazine publishes an essay claiming that America
is not on the road to becoming, but ALREADY IS, a
fascist state.... or words to that affect. [...]
Harper's Magazine, October 2005, pps. 7-9
"But I venture the challenging statement
that if American democracy ceases to move forward
as a living force, seeking day and night by peaceful
means to better the lot of our citizens, then Fascism
and Communism, aided, unconsciously perhaps, by
old-line Tory Republicanism, will grow in strength
in our land." -Franklin D. Roosevelt, November
4, 1938
In 1938 the word "fascism" hadn't yet been
transferred into an abridged metaphor for all the world's
unspeakable evil and monstrous crime, and on coming
across President Roosevelt's prescient remark in one
of Umberto Eco's essays, I could read it as prose instead
of poetry -- a reference not to the Four Horsemen of
the Apocalypse or the pit of Hell but to the political
theories that regard individual citizens as the property
of the government, happy villagers glad to wave the
flags and wage the wars, grateful for the good fortune
that placed them in the care of a sublime leader. Or,
more emphatically, as Benito Mussolini liked to say, "Everything
in the state. Nothing outside the state. Nothing against
the state." [...]
The several experiments with fascist government, in
Russia and Spain as well as in Italy and Germany, didn't
depend on a single portfolio of dogma, and so Eco,
in search of their common ground, doesn't look for
a unifying principle or a standard text. He attempts
to describe a way of thinking and a habit of mind,
and [...] he finds a set of axioms on which all the
fascisms agree. Among the most notable:
- The truth is revealed once and only once.
- Parliamentary democracy is by definition rotten
because it doesn't represent the voice of the people,
which is that of the sublime leader.
- Doctrine outpoints reason, and science is always
suspect.
- Critical thought is the province of degenerate
intellectuals, who betray the culture and subvert
traditional values.
- The national identity is provided by the nation's
enemies.
- Argument is tantamount to treason.
- Perpetually at war, the state must govern with
the instruments of fear.
- Citizens do not act; they play the supporting role
of "the people" in the grand opera that
is the state. [...]
As set forth in Eco's list, the fascist terms of political
endearment are refreshingly straightforward and mercifully
simple, many of them already accepted and understood
by a gratifyingly large number of our most forward-
thinking fellow citizens, multitasking and safe with
Jesus. It does no good to ask
the weakling's pointless question, "Is America
a fascist state?" We must ask instead, in a major
rather than a minor key, "Can we make America
the best damned fascist state the world has ever seen," an
authoritarian paradise deserving the admiration of
the international capital markets, worthy of "a
decent respect to the opinions of mankind"? I
wish to be the first to say we can. We're Americans;
we have the money and the know-how to succeed where
Hitler failed, and history has favored us with advantages
not given to the early pioneers.
We don't have to burn any books.
The Nazis in the 1930s were forced to waste precious
time and money on the inoculation of the German citizenry,
too well-educated for its own good, against the infections
of impermissible thought. We
can count it as a blessing that we don't bear the burden
of an educated citizenry. The systematic destruction
of the public-school and library systems over the last
thirty years, a program wisely carried out under administrations
both Republican and Democratic, protects the market
for the sale and distribution of the government's propaganda
posters. [...]
We don't
have to disturb, terrorize, or plunder the bourgeoisie. [...]
Having met many fine people who come up to the corporate
mark -- on golf courses and commuter trains, tending
to their gardens in Fairfield County while cutting
back the payrolls in Michigan and Mexico -- I'm proud
to say (and I think I speak for all of us here this
evening with Senator Clinton and her lovely husband)
that we're blessed with a bourgeoisie that will welcome
fascism as gladly as it welcomes the rain in April
and the sun in June. No need to send for the Gestapo
or the NKVD; it will not be necessary to set examples.
We don't have to gag the press or
seize the radio stations.
People trained to the corporate style of thought and
movement have no further use for free speech, which
is corrupting, overly emotional, reckless, and ill-informed,
not calibrated to the time available for television
talk or to the performance standards of a Super Bowl
halftime show. It is to our advantage that free speech
doesn't meet the criteria of the free market. We don't
require the inspirational genius of a Joseph Goebbels;
we can rely instead on the dictates of the Nielsen
ratings and the camera angles, secure in the knowledge
that the major media syndicates run the business on
strictly corporatist principles -- afraid of anything
disruptive or inappropriate, committed to the promulgation
of what is responsible, rational, and approved by experts.
[...]
I don't say that over the last thirty years we haven't
made brave strides forward. By
matching Eco's list of fascist commandments against
our record of achievement, we can see how well we've
begun the new project for the next millennium [...]
An impressive beginning, in line with what the world
has come to expect from the innovative Americans, but
we can do better. The early twentieth-century
fascisms didn't enter their golden age until the proletariat
in the countries that gave them birth had been reduced
to abject poverty. The music and the marching songs
rose with the cry of eagles from the wreckage of the
domestic economy. On the evidence of the wonderful
work currently being done by the Bush Administration
with respect to the trade deficit and the national
debt -- to say nothing of expanding the markets for
global terrorism -- I think
we can look forward with confidence to character-building
bankruptcies, picturesque bread riots, thrilling cavalcades
of splendidly costumed motorcycle police. |
WASHINGTON - In the clearest
indication to date that criminal charges against top
White House officials may be in the offing, the special
prosecutor investigating the CIA leak case has unveiled
his own Web site -- one week before his probe was scheduled
to wrap up.
Although aides to Patrick Fitzgerald urged reporters
not to read too much into the move, its timing Friday
gave new fodder to speculation that White
House political strategist Karl Rove and Lewis "Scooter" Libby,
chief of staff for Vice President Richard Cheney,
could be in legal trouble. [...]
The prosecutor has already spent nearly two years
trying to determine who in President George W. Bush
immediate entourage illegally disclosed the name of
Central Intelligence Agency operative Valerie Plame
-- without seeking to publicize his work on the Internet.
That is why his decision to establish a presence
in cyberspace so late in the game is seen as an indication
that Fitzgerald believes his work will continue far
beyond October 28, when the term of his grand jury
expires.
Only a grand jury can indict
a person in the United States. Fitzgerald is expected
to meet with its members on Tuesday or Wednesday. [...]
"I'm very concerned it could go very, very badly," said
a senior administration official, who asked not to
be identified. |
WASHINGTON - Facing the darkest
days of his presidency, President Bush is frustrated,
sometimes angry and even bitter, his associates say.
With a seemingly uncontrollable insurgency in Iraq,
the White House is bracing for the political fallout
from a grim milestone that could come any day: the
combat death of the 2,000th American G.I.
Last week alone, 23 military personnel were killed
in Iraq, and five were wounded yesterday in a relentless
series of attacks across the country.
This week could also bring a special prosecutor's
decision that could shake the foundations of the Bush
government. [...]
The specter of losing Rove,
his only truly irreplaceable assistant, lies at the
heart of Bush's distress. But a string of
political reversals, including growing opposition
to the Iraq war, Hurricane Katrina's aftermath and
Harriet Miers' bungled Supreme Court nomination,
have also exacted a personal toll.
Presidential advisers and friends
say Bush is a mass of contradictions: cheerful and
serene, peevish and melancholy, occasionally lapsing
into what he once derided as the "blame game." They
describe him as beset but unbowed, convinced that history
will vindicate the major decisions of his presidency
even if they damage him and his party in the 2006 and
2008 elections.
At the same time, these sources say Bush, who has
a long history of keeping staffers in their place,
has lashed out at aides as his political woes have
mounted.
"The President is just unhappy
in general and casting blame all about," said one
Bush insider. "Andy [Card, the chief of staff] gets
his share. Karl gets his share. Even Cheney gets his
share. And the press gets a big share." [...] |
ZAGREB - A second case of the
H5 bird flu virus has been confirmed in Croatia on
samples taken from swans found dead in a lake in the
east of the country, the agriculture ministry said.
"We have identified the (H5 strain of) virus
in samples taken from swans" that were found
dead at a lake near the eastern village of Nasice
on Saturday, agriculture ministry spokesman Mladen
Pavic told AFP on Monday.
The announcement came less than three days after
the ministry said it had identified the H5 virus in
the organs of six swans found dead at another lake
some 15 kilometres (nine miles) away near Zdenci village.
It was not immediately known
whether the cases found to date are the deadly H5N1
sub-type of influenza that has claimed more than
60 human lives in Asia since 2003. [...] |
NAPLES, Fla. - Hurricane Wilma
plowed into southwest Florida early Monday with howling
125 mph winds and dashed across the state to the Miami-Fort
Lauderdale area, shattering windows, peeling away roofs
and knocking out power to millions of people. At least
one death in Florida was blamed on the storm. [...]
The same
storm that brought ruin over the weekend to resort
towns along Mexico's Yucatan Coast came ashore
in Florida as a strong Category 3 hurricane, but
within hours had weakened into a Category 2 with
winds of 105 mph. [...]
Wilma, Florida's eighth hurricane in 15 months, came
ashore in Florida at 6:30 a.m. EDT near Cape Romano,
22 miles south of Naples, spinning off tornadoes and
bringing a potential for up to 10 inches of rain, the
National Hurricane Center said.
Wilma was moving northeast at about 25 mph, up the
Atlantic coast. By early Wednesday, it was expected
to be off the coast of Canada, but forecasters said
it may not bring heavy rain because its projected track
was far off shore. [...]
About 35 percent of Key West was flooded, including
the airport, said Jay Gewin, an assistant to the island
city's mayor. No travel was possible in or out of the
city, he said. U.S. 1, the only highway connecting
the Keys to the mainland, was flooded.
Key West Police Chief Bill
Mauldin said the flooding was severe - "more
extensive than we've seen in the past." [...] |
MIAMI - A record-breaking 22nd
named tropical storm formed in the Caribbean on Saturday
and could bring life-threatening floods and mudslides
to Haiti and the Dominican Republic, the U.S National
Hurricane Center said.
The storm was called Tropical Storm Alpha, the
first time the hurricane center has resorted to
using the Greek alphabet since it began naming
tropical cyclones in 1953.
The 2005 hurricane season has had so many storms that
all the storm names preassigned for this year were
used up with Hurricane Wilma, which pounded the Mexican
resort of Cancun on Saturday and was expected to head
to Florida on Sunday.
Alpha made 2005 the most active
hurricane season since records began 150 years ago,
and the 2005 season still has five weeks to run. The
1933 season had 21 named storms. [...] |
LONDON - Forty-five percent of
Iraqis believe attacks on U.S. and British troops are
justified, according to a secret poll said to have
been commissioned by British defense leaders and cited
by The Sunday Telegraph.
Less than 1 percent of those polled
believed that the forces were responsible for any
improvement in security, according to poll figures.
Eighty-two percent of those
polled said they were "strongly opposed" to
the presence of the troops. [...] |
PARIS - France has protested to
the United States over the mistreatment of a government
minister of north African origin by customs authorities
at Atlanta airport, the foreign ministry in Paris said
Friday.
On October 13 Azouz Begag, who is equal opportunities
minister, was held by a customs officer for a "control
that was a little excessive," according to spokesman
Jean-Baptiste Mattei. [...]
The spokesman refused to give details of the incident,
but said the action of the official had been "completely
out of place for a government minister." [...] |
"Slow Burn" is a highly
personal but thoroughly documented journey by the author,
Don Oakley, to find out the truth behind the supposed
medical facts undergirding the nation's three-decades-long
crusade against smoking.
He begins with a searching critique of the 1964
surgeon general's report, which set the crusade into
motion, and details the reservations of the surgeon
general's advisory committee regarding the seven
weak studies which formed the basis for the famous
warning that "Cigarette smoking is a health
hazard of sufficent importance in the United States
to warrant appropriate remedial action." It
was that "action"--or, more accurately,
actions--flowing from the report over the past three
decades that persuaded the author, a retired newspaper
editorial writer, to undertake his book.
A smoker in good health for 53 years, he was appalled
at the hysteria infecting America as a result of an
endless series of assaults against smoking and those
who choose to indulge in it. In the course of his research,
Oakley acquired, and in "Slow Burn" gives
the reader, a basic knowledge of epidemiology and the
uses--and especially the misuses--of statistics. The
book examines the most important studies into smoking
since the 1964 report and reveals that many if not
most of them are fatally flawed by deep antismoking
bias on the part of researchers who are supported by
abundant antismoking grant money, much of it extorted
from smokers themselves.
At the same time he reports
on numerous studies exonerating smoking that the
public has never heard about. The book is
also infused with great humor as the author pokes
fun at some of the more ludicrous claims and almost
superstitious beliefs surrounding smoking, beliefs
that unfortunately are entertained by many in the
medical establishment as well as by the lay public.
"Slow Burn" is, however, an utterly serious
work. Oakley realizes that any attempt by a nonscientist
to challenge "what everybody knows" about
smoking will be greeted with widespread disbelief.
But as he asks in Chapter 2, even if everything said
about smoking is true, is what we as a nation are doing
on the basis of it wise and necessary? As detailed
in subsequent chapters, what we HAVE done has been
to ostracize and discriminate against a quarter of
the population, to villainize an industry and applaud
its plundering by state attorneys general and the plaintiffs'
bar and, above all, to countenance the prostitution
of science and the corruption of the nation's legal
system--all in the politically correct cause of a "smoke-free" society.
[...]
---
Amazon Reviewer: Though
written in a conversational and highly accessible tone,
this exhaustively-researched book exposes the wildly
misleading conclusions drawn by the anti-tobacco fanatics,
based on their junk science "studies" and
other misinformation. One of
the book's most useful revelations is that the "400,000
deaths from tobacco per year" factoid, which "everybody
know is true," did not come from medical records
or post-mortem examinations, but is rather a statistical
projection that resides in a computer! It is
no better and no worse than the assumptions upon which
it is based, but any statistician can tell you that
mere correlations do not prove causality. (For
example, the fact that more people die in hospitals
than anywhere else does not "prove" that
hospitals are the leading "cause" of death!) I
am a lifelong non-smoker, but when I hear the anti-tobacco
nuts raving, I don't mind telling you that I feel personally
threatened. Whose life is it, anyway? I'd like to tell
them to keep their damned hands off MY health! For
those who feel as I do, this book is a must.
---
Amazon Reviewer: The
author has put together an incredible wealth of information
gleaned from the internet, scientific studies, and
newspaper articles and organised it with serious intent
AND a sense of humor that makes it all readable!
He makes a VERY convincing case for the argument that
a lot of the "information" that we see on
the media about smoking and secondhand smoke is actually
manufactured propaganda designed to achieve a "goal" of
eliminating smoking not only in America but around
the whole world. [...]
This book ISN'T just for smokers! If you're a nonsmoker
who's concerned about the "danger" you're
in from other peoples' smoke you should read this book
as well... you might find yourself
surprised at some of the lies you've been told!
I think the thing I liked best about the book was
its style: the author is SERIOUSLY annoyed (to put
it mildly) at the Antismokers and their manipulations
of the facts and of peoples' fears and it comes through
on every page. His personal touch makes the book VERY
readable despite the quantity of information that he's
managed to jam into it.
---
Amazon Reviewer: This
is an extremely well-researched and put together history
and critique of the Anti-Smoking Crusade. It is a long
and heavy book, but every page is interesting reading.
Every comment and fact the author shares is either
marked as personal experience or he has the documentation
to back it up. He doesn't try
to sell anyone on the idea that smoking is good for
you; he is only trying to point out how extreme and
over the top the actions of the Anti-Smoking Crusade
have been. He looks at it from several angles,
including the cost to our society of degrading and
humiliating a sizable percentage of the population
to satisfy a few fanatics. I
thought I knew a lot about the phony EPA second-hand
smoke studies, but I was wrong. This book fleshes
it out in more detail, and gives the back story on
the lawsuits against the tobacco companies in Florida.
The truth will shock and possibly even hurt you, as
it did me. [...] This book was published in 1999 and
Mr. Oakley could see the War on Fat coming even back
then. In mid-2002, I can see the same pattern emerging
to a T (the similarity of the Anti-Smoking Crusade
and the War on Fat are not coincidental). I fear for
the society we are becoming, schizophrenic, trying
to be politically correct and oh so tolerant and a
tyrannical nanny state all at the same time. Heaven
help us all! |
Anti-smokers, brought up in schools
where the teachers showed them phony pictures of "healthy
lungs" and "diseased smoker's lungs" tend
to think that there have been thousands and thousands
of "studies", linking smoking to every disease
from emphysema to heart attacks to lung cancer. When
I began researching the subject, however, I found that,
like the myth about smoker's lungs turning brown from
cigarette tars, the "thousands and thousands of
studies" was also a myth.
Now, there *were* thousands
of animal studies (if you consider each animal studied
to be "study"), in which researchers tried
to induce lung cancer and other diseases in rats,
rabbits, mice, monkeys, dogs, etc., by forcing the
animals to smoke. But these studies all *failed*;
no diseases were induced. So, I don't have to discredit
those studies.
In the late 1950's, the lung cancer societies in England
and the U.S. conducted seven epedemiological studies,
described in great detail in my book, which purported
to establish a statistical correlation between *cigarette* smoking
and lung cancer. Strangely,
however, the same studies showed no such correlation
between cigar/pipe smoking and either lung cancer or
morbidity. In fact, the
studies actually showed that pipe smokers live longer
than people who don't smoke at all.
Correlation, of course, does not prove causation.
In my book, I discuss the biases in the studies which
resulted in flawed conclusions. My point here, however,
is simply that virtually everything written about the
dangers of smoking is predicated on these seven ancient
studies. There *have* been
a few new studies, e.g., Wynder's study of smoking
in the U.S. and Japan, but I
don't have to discredit them, because they prove my
point, i.e., that Japanese smoke more than Americans
but live longer and have far less lung cancer!!!
Smoking
and Life Expectancy
Suffice to say that some of the countries with the
highest rates of smoking have the lowest rates of lung
cancer. [...]
Top 15 Male Life
Expectancies
|
LE
(years) |
Smokers
prevalence (%) |
1. |
Iceland |
76.6 (1994) |
31.0 (1994) |
2. |
Japan |
76.5 (1994) |
59.0 (1994) |
3. |
Costa Rica |
75.9 (1994) |
35.0 (1988) |
4. |
Israel |
75.9 (1994) |
45.0 (1990) |
5. |
Sweden |
75.5 (1994) |
22.0 (1994) |
6. |
Greece |
75.2 (1994) |
46.0 (1994) |
7. |
Switzerland |
74.8 (1994) |
36.0 (1992) |
8. |
Netherlands |
74.7 (1994) |
36.0 (1994) |
9. |
Canada |
74.7 (1994) |
31.0 (1991) |
10. |
Cuba |
74.7 (1994) |
49.3 (1990) |
11. |
Australia |
74.5 (1994) |
29.0 (1993) |
12. |
Spain |
74.5 (1994) |
48.0 (1993) |
13. |
Malta |
74.5 (1994) |
40.0 (1992) |
14. |
Italy |
74.4 (1994) |
38.0 (1994) |
15. |
France |
74.3 (1994) |
40.0 (1993) |
USA |
72.6 (1994) |
28.1 (1991) |
If, as the anti smokers postulate, smoking is a deadly "addiction",
trimming years off the life of the smoker, how do they
explain such examples as Japan, Israel, Greece, Cuba,
Spain, Italy and France? How
can it be that people in these countries smoke far
more than people in the United States, yet manage to
live substantially longer?
Lauren A. Colby is a practicing attorney. From
1955 to 1957, employed by the Federal Communications
Commission in Washington, D.C. Now in private practice,
dealing with and sometimes fighting the Federal Government.
He has participated in more than 250 civil lawsuits
or administrative hearings, and more than 50 appeals
to the Federal Courts, contesting actions of the
Federal Communications Commission and the Food and
Drug Administration. |
Historians and epidemiologists
have only recently begun to explore the Nazi anti-tobacco
movement. Germany had the world's strongest antismoking
movement in the 1930s and early 1940s, encompassing
bans on smoking in public spaces, bans on advertising,
restrictions on tobacco rations for women, and the
world's most refined tobacco epidemiology, linking
tobacco use with the already evident epidemic of lung
cancer. The anti-tobacco campaign must be understood
against the backdrop of the Nazi quest for racial and
bodily purity, which also motivated many other public
health efforts of the era.
Medical historians in recent years have done a great
deal to enlarge our understanding of medicine and
public health in Nazi Germany. We know that about
half of all doctors joined the Nazi party and that
doctors played a major part in designing and administering
the Nazi programmes of forcible sterilisation, "euthanasia," and
the industrial scale murder of Jews and gypsies.
[...]
Tobacco in the Reich
One topic that has only recently begun to attract
attention is the Nazi anti- tobacco movement. Germany
had the world's strongest antismoking movement in the
1930s and early 1940s, supported by Nazi medical and
military leaders worried that tobacco might prove a
hazard to the race. Many Nazi leaders were vocal opponents
of smoking. Anti-tobacco activists pointed out
that whereas Churchill, Stalin, and Roosevelt were
all fond of tobacco, the three major fascist leaders
of Europe--Hitler, Mussolini, and Franco--were all
non- smokers. Hitler was the most adamant, characterising
tobacco as "the wrath of the Red Man against the
White Man for having been given hard liquor." At
one point the Fuhrer even suggested that Nazism might
never have triumphed in Germany had he not given up
smoking. [...]
Culmination of the campaign: 1939-41
German anti-tobacco policies accelerated towards the
end of the 1930s, and by the early war years tobacco
use had begun to decline. The Luftwaffe banned smoking
in 1938 and the post office did likewise. Smoking was
barred in many workplaces, government offices, hospitals,
and rest homes. The NSDAP (Nationalsozialistische Deutsche
Arbeiterpartei) announced a ban on smoking in its offices
in 1939, at which time SS chief Heinrich Himmler announced
a smoking ban for all uniformed police and SS officers
while on duty. The Journal of the American Medical
Association that year reported Hermann Goering's decree
barring soldiers from smoking on the streets, on marches,
and on brief off duty periods.
Sixty of Germany's largest
cities banned smoking on street cars in 1941. Smoking
was banned in air raid shelters--though some shelters
reserved separate rooms for smokers. During the war
years tobacco rationing coupons were denied to pregnant
women (and to all women below the age of 25) while
restaurants and cafes were barred from selling cigarettes
to female customers. From July 1943 it was illegal
for anyone under the age of 18 to smoke in public.
Smoking was banned on all German city trains and
buses in 1944, the initiative coming from Hitler
himself, who was worried about exposure of young
female conductors to tobacco smoke. Nazi policies
were heralded as marking "the beginning of the
end" of tobacco use in Germany.
German tobacco epidemiology by this time was the most
advanced in the world. Franz
H Muller in 1939 and Eberhard Schairer and Erich Schoniger
in 1943 were the first to use case-control epidemiological
methods to document the lung cancer hazard from cigarettes. Muller
concluded that the "extraordinary rise in tobacco
use" was "the single most important cause
of the rising incidence of lung cancer." Heart
disease was another focus and was not infrequently
said to be the most serious illness brought on by smoking.
Late in the war nicotine was suspected as a cause of
the coronary heart failure suffered by a surprising
number of soldiers on the eastern front. A
1944 report by an army field pathologist found that
all 32 young soldiers whom he had examined after death
from heart attack on the front had been "enthusiastic
smokers." The author cited the Freiburg
pathologist Franz Buchner's view that cigarettes should
be considered "a coronary poison of the first
order." [...]
After the war Germany lost its position as home to
the world's most aggressive anti-tobacco science. Hitler
was dead but also many of his anti- tobacco underlings
either had lost their jobs or were otherwise silenced.
[...]
The flipside of Fascism
Smith et al were correct to emphasise the strength
of the Nazi antismoking effort and the sophistication
of Nazi era tobacco science. The
antismoking science and policies of the era have not
attracted much attention, possibly because the impulse
behind the movement was closely attached to the larger
Nazi movement. [...] |
Arlington, Va. - The U.S. Central
Intelligence Agency is reportedly investing in a power
unit that can generate substantial electrical energy
without using any fuel. [...]
The generators are fueled by solar and wind energy,
with a battery backup for use during the night or
when winds are calm. And the units are designed to
run for years with little maintenance, the newspaper
said. [...]
And now privately owned, SkyBuilt has a new investor
-- In-Q-Tel -- a venture capital firm owned by the
CIA. [...]
Although no models for homes are yet available, SkyBuilt
says its mobile power station can help meet critical
power needs, such as during disasters, terrorist attacks,
military operations or meteorological emergencies. |
An older version of Alaska's license
plates describes the state as "The Last Frontier," but
that title might better fit the mysterious peaks and
valleys in the dark world beneath the sea.
From the depths of a long ridge spanning the floor
of the Arctic Ocean, researchers have pulled up evidence
of a plant that now grows in rice fields in Vietnam. This
suggests that the top of the world was once a very
warm place. [...] |
Lately a furious debate has been
raging between nuclear physicists, paleontologists,
chiropractors, televangelists and other men of science
as to whether the theory of evolution should be taught
in our schools. The dissenters believe some other explanation
should be taught, one that has the catchy name "Intelligent
Design."
I am not a scientist. I'm a writer, and so have
not devoted much time or thought to this subject,
spending my days foraging for food and surfing internet
porn, but I determined to find out more.
Luckily, my local community college offers a course
in their Continuing Education Series based on the Young
Earth Theory, an offshoot of Intelligent Design, and
so I enrolled in the once-a-week night course.
Reading the synopsis of the class was very interesting.
According to the pamphlet, the course will show how
humans and animals of all kinds - including dinosaurs
- lived at the same time and inhabited the same geographical
regions. Examples of human footprints found with dinosaur
tracks, among other inexplicable and anachronistic
evidence, will be studied. There are to be numerous
guest speakers and a short film series to augment the
text.
I was excited. Thursday night came and I took my place
in the classroom, front row. The professor, an energetic
young fellow with an unusually high-pitched voice,
gave a short introduction and announced that we would
begin with the short film promised in the literature.
He dimmed the lights. [...]
Kona Lowell is the author of The Solid Green Birthday
and Other Fables and runs the Dolphin. He lives in
Hawai'i and can be reached through his website: konalowell.com |
THE CENTER FOR DISEASE CONTROL
has issued a no-nonsense, albeit delayed warning about
a new, highly virulent strain of socially transmitted
disease. This disease is contracted through dangerous
and high risk behavior.
The disease is called Gonorrhea Lectim (pronounced "Gonna
Re-elect him"). Many victims have contracted
it after having been screwed for the past 4 years,
in spite of having taken measures to protect themselves
from this especially troublesome disease.
Cognitive sequellae of individuals infected with Gonorrhea
Lectim include, but are not limited to, anti-social
personality disorder traits; delusions of grandeur
with a distinct messianic flavor; chronic mangling
of the English language; extreme cognitive dissonance;
inability to incorporate new information; pronounced
xenophobia and homophobia; inability to accept responsibility
for actions; exceptional cowardice masked by acts of
misplaced bravado; uncontrolled facial smirking; total
ignorance of geography and history; tendencies toward
creating evangelical theocracies; and a strong propensity
for categorical, all-or-nothing behavior.
The disease is sweeping Washington. Naturalists and
epidemiologists are amazed and baffled that this malignant
disease originated only a few years ago in a Texas
bush. Please inform any of your friends and associates
who have been acting unusual lately. |
On the fourth
anniversary of the September 11th attacks, Laura Knight-Jadczyk
announces the availability of her latest book:
In the years since the 9/11 attacks, dozens of books
have sought to explore the truth behind the official
version of events that day - yet to date, none of
these publications has provided a satisfactory answer
as to WHY the attacks occurred and who was ultimately
responsible for carrying them out.
Taking a broad, millennia-long perspective, Laura
Knight-Jadczyk's 9/11:
The Ultimate Truth uncovers the true nature of
the ruling elite on our planet and presents new and
ground-breaking insights into just how the 9/11 attacks
played out.
9/11: The Ultimate
Truth makes a strong case for the idea that September
11, 2001 marked the moment when our planet entered
the final phase of a diabolical plan that has been
many, many years in the making. It is a plan developed
and nurtured by successive generations of ruthless
individuals who relentlessly exploit the negative
aspects of basic human nature to entrap humanity as
a whole in endless wars and suffering in order to
keep us confused and distracted to the reality of
the man behind the curtain.
Drawing on historical and genealogical sources, Knight-Jadczyk
eloquently links the 9/11 event to the modern-day
Israeli-Palestinian conflict. She also cites the clear
evidence that our planet undergoes periodic natural
cataclysms, a cycle that has arguably brought humanity
to the brink of destruction in the present day.
For its no nonsense style in cutting to the core
of the issue and its sheer audacity in refusing to
be swayed or distracted by the morass of disinformation
that has been employed by the Powers that Be to cover
their tracks, 9/11:
The Ultimate Truth can rightly claim to be THE
definitive book on 9/11 - and what that fateful day's
true implications are for the future of mankind.
Published by Red Pill Press
Scheduled for release in October
2005, readers can pre-order the book today at our bookstore. |
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Fair Use Policy Contact Webmaster at signs-of-the-times.org Cassiopaean materials Copyright ©1994-2014 Arkadiusz Jadczyk and Laura Knight-Jadczyk. All rights reserved. "Cassiopaea, Cassiopaean, Cassiopaeans," is a registered trademark of Arkadiusz Jadczyk and Laura Knight-Jadczyk. Letters addressed to Cassiopaea, Quantum Future School, Ark or Laura, become the property of Arkadiusz Jadczyk and Laura Knight-Jadczyk Republication and re-dissemination of our copyrighted material in any manner is expressly prohibited without prior written consent.
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