Alternative News Signs of the Times

Signs of the Times for Wed, 10 May 2006

Full Text : The President of Iran's Letter To President Bush

Signs of the Times
Translated by Le Monde
05/09/06

Mr George Bush,

President of the United States of America

For sometime now I have been thinking, how one can justify the undeniable contradictions that exist in the international arena - which are being constantly debated, especially in political forums and amongst university students. Many questions remain unanswered. These have prompted me to discuss some of the contradictions and questions, in the hopes that it might bring about an opportunity to redress them.

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Ahmadinejad Sends a Futile Letter

Kurt Nimmo
May 9, 2006

Iran’s president Ahmadinejad never said Israel should be "wiped off the map," although Shimon Peres did say "the president of Iran should remember that Iran can also be wiped off the map."

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Book Review: The Case Against Israel

Raymond Deane
The Electronic Intifada
9 May 2006

Neumann calls for the US to change sides (and support Arab Middle East nations), and itemises the obvious benefits that would accrue from such a U-turn:

"It would instantly gain the warm friendship of Arab oil producers and obtain far more valuable allies in the war on terror: not only the governments of the entire Muslim world, but a good portion of the Muslim fundamentalist movement! The war on terror, which seems so unwinnable, might well be won at nominal cost, and quickly... Perhaps most important, switching sides would revitalize America's foundering efforts at non-proliferation."

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Life in the Bush Economy: Fat, Drunk and Broke

By Paul Craig Roberts
05/08/06

A Nation of Waitresses and Bartenders

In 2005 the US had a current account deficit in excess of $800 billion. That means Americans consumed $800 billion more goods and services than they produced. A significant percentage of this figure is offshore production by US companies for American markets.

The US current account deficit as a percent of Gross Domestic Product is unprecedented. As more jobs and manufacturing are moved offshore, Americans become more dependent on foreign made goods. This year the deficit could reach $1 trillion.

The US pays its current account deficit by giving up ownership of its existing assets or wealth. Foreigners don't simply hold the $800 billion in cash. They use it to acquire US equities, real estate, bonds, and entire companies.

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