A Shattering Moment in America's Fall From Power
John Gray -- The Guardian (Britain)
... Having created the conditions that produced history's biggest bubble, America's political leaders appear unable to grasp the magnitude of the dangers the country now faces. Mired in their rancorous culture wars and squabbling among themselves, they seem oblivious to the fact that American global leadership is fast ebbing away. A new world is coming into being almost unnoticed, where America is only one of several great powers, facing an uncertain future it can no longer shape.
Ethnicity and the Bailout: Wall Street and the Democratic Party
The Occidental Observer
We are beginning to grasp the ethnic fault lines involved in the credit meltdown. Steve Sailer was the first to point out that the push for greater minority home ownership was an important ingredient in lowering standards for lending. The result was that non-Asian minorities were more likely to get sub-prime loans with higher costs and with less documentation, and they have been more likely to default on these loans. Pretty much everyone, Republicans and Democrats were involved in this.
Day of Reckoning
Patrick J. Buchanan
How did the United States of America, the richest nation on earth, whose economy represents 30 percent of the Global Economy, arrive at the precipice of a financial panic and collapse? The answer lies in the abject failure of both America�s financial elite and the political elite of both parties -- the same elites now working together to determine how much of our wealth will be needed to bail the nation out of the crisis of their own creation.
Israel Withdrawal From Occupied Lands Needed, Says Olmert
Outgoing prime minister Ehud Olmert says Israel must withdraw from almost all the land it occupied in 1967 if it wants peace with Syria and the Palestinians. He said this would include parts of East Jerusalem, which Palestinians want as the capital of their future state. Mr Olmert also said any peace deal with Syria would require an Israeli withdrawal from the Golan Heights. He gave few further details, but said he was prepared to go beyond previous Israeli leaders to achieve peace. "We have to reach an agreement with the Palestinians, the meaning of which is that in practice we will withdraw from almost all the territories, if not all the territories," Mr Olmert said.
Linz Tackles Its Past as 'Fuehrer' City
Der Spiegel (Germany)
Linz is to be Europe's Capital of Culture in 2009. Before the Austrian city takes on that mantle it is showing an exhibition about how Hitler had wanted to make Linz a "Culture Capital for the F�hrer." ... The idea of Linz as a "cultural capital" is far from new. Adolf Hitler wanted the city where he had spent nine years of his childhood to become one of the five "F�hrer Cities" of the Third Reich.
Kevin Phillips� Gloomy View of the Financial Crisis
Bill Moyer�s Journal - PBS (video)
Bill Moyers with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book, Bad Money: Reckless Finance, Failed Poltics, and the Global Crisis of American Capitalism, explores the role that the crumbling financial sector played in the now-fragile American economy. Runtime: 29:32 mins. "I'm sick of Washington. It really deserves the fact that 81 percent or 85 percent of the people think we're on the wrong track. I mean, we are on the wrong track. I wish I could say that there's a blueprint that would get us back on the right track."
U.S. Orgy of Debt
The financial panic sweeping the globe is maddeningly complex, but the cause of the worst financial crisis since the 1930s Great Depression is clear. America has reveled for two decades in an orgy of debt. The U.S. national debt is now twice its net worth ... One thing is now clear. When great empires run onto the financial rocks, their power quickly ebbs. France's Sun King, Louis XIV, ended his once glorious rein in near bankruptcy caused by his long, ruinous wars with the British and Dutch. Louis XVI's runaway borrowing to finance the American Revolution helped ignite the French Revolution.
The Creation of the Second Great Depression
Rep. Ron Paul
... The bailout package that is about to be rammed down Congress� throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder ... Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind -- another example of the big choice we�re supposedly presented with this November: yes or yes.
An Amnesty for Stupidity
Patrick J. Buchanan
Is it fair that businessmen who fail in neighborhood stores have to close shop and often sell their homes, while Wall Street titans are spared the consequences of monumental stupidity and greed? No, it is not fair. Yet, Treasury�s Hank Paulson may be right. To save the sheep who might have been wiped out in a general financial panic, we may have to save the pigs. Life is unfair, said JFK. Yet, this is going to be the mother of all bailouts.
Iran�s President Talks About the Holocaust in CNN Interview
Press TV (Iran)
Iranian President, Mahmoud Ahmadinejad has shed light on his views about the Holocaust in an interview with CNN's Larry King Live. In a recorded Tuesday interview with the renowned TV host, President Ahmadinejad said that Zionism blocks research on the Holocaust. "They (Zionists) don't allow anyone to freely discuss the historical events that happened. They just say this is our account of history, this is what happened and everybody else must just accept it," said Ahmadinejad. Larry King then asked the president if, from his point of view, the Holocaust did not happen. "No, what I am saying is let more research be done," Ahmedinejad said.
Lyndon Johnson and Israel
Jason Maoz - The Jewish Press (New York)
... Whatever else can be said of Lyndon Johnson, he proved to be a true friend of the Jews and Israel. He proved it as a young lawmaker when, with limited clout and resources, he did everything he could to get as many Jews as possible out of Europe; he proved it as one of Israel's strongest and most important backers in Congress during the Jewish state's early years; and he proved it as president by granting Israel then-unprecedented levels of financial and military aid and by refusing, in marked contrast to Eisenhower's actions after the Suez crisis of 1956, to force unilateral concessions on Israel following the Six-Day War.
Israel Moves To Judaize East Jerusalem
Mel Frykberg -- Inter Press Service
The Israeli government is attempting to Judaise Palestinian East Jerusalem, and maintain a Jewish majority against the demographic threat of a higher Palestinian birth rate. To that end, the Israeli government is enforcing a number of policies aimed at establishing facts on the ground in order to limit the number of Palestinian residents in the city. To make any future division of Jerusalem almost impossible, the Israeli authorities are applying a combination of strategies including limiting family reunification permits, redrawing Jerusalem's municipal boundaries, enlarging Jewish settlements in East Jerusalem and establishing new illegal ones.
Tossing Aside History, Conventions and a Few Cliches
The Washington Post
Historic. Breathtaking. Revolutionary. It would be hard to find a superlative that would overstate how much the parameters and contours of American economic policy have been reshaped over the past two weeks. The degree of government intervention into the workings of the private marketplace is unprecedented. Three giant financial institutions taken over. Government purchases of vast quantities of hard-to-sell assets from banks, investment banks and anyone else whose demise might threaten the financial system. Trading outlawed in an entire class of securities. A government guarantee extended to a whole new category of investments.
The Party�s Over
Patrick J. Buchanan
... What we are witnessing today is how empires end. The Last Superpower is unable to defend its borders, protect its currency, win its wars or balance its budget. Medicare and Social Security are headed for the cliff with unfunded liabilities in the tens of trillions of dollars. What we are witnessing today is nothing less than a Katrina-like failure of government, of our political class, and of democracy itself, casting a cloud over the viability and longevity of the system.
Blame for U.S. Mortgage Meltdown: Social Activist Politics
Drew Zahn -- WorldNetDaily
While many pundits are pointing to corporate greed and a lack of government regulation as the cause for the American mortgage and financial crisis, some analysts are saying it wasn't too little government intervention that cased the mortgage meltdown, but too much, in the form of activists compelling the government to pressure Freddie Mac and Fannie Mae into unsound � though politically correct-lending practices. ... In a nutshell, Liebowitz contends that the federal government over the last 20 years pushed the mortgage industry so hard to get minority homeownership up, that it undermined the country's financial foundation to achieve its goal.
Palestinians Paying Price for West's Holocaust Guilt, Says Tutu
Palestinians are paying the price of the West's guilt over the Holocaust through its failure to pressure Israel to reach a just and lasting peace, Nobel laureate Desmond Tutu said Thursday. "I think the West, quite rightly, is feeling contrite, penitent for its awful connivance with the Holocaust," the massacre of Europe's Jews by German Nazis in World War II, Tutu told journalists. "Now when you are contrite, when you are penitent, you are then ready to make amends, and we call that penance. The West is penitent, the penance is being paid by the Palestinians," said the South African archbishop, famed for his anti-apartheid activism.
Was Young Hitler an Anti-Semite?
... It is worthy of note that among all the stories of his sufferings in Vienna, Hitler never mentioned a bad experience with a Jew. Let us briefly recapitulate young Hitler's encounters with Jews in Linz and Vienna: Even when he was Reich chancellor, Hitler expressed his gratitude to his Jewish family doctor in Linz, Dr. Eduard Bloch, who attended to his mother until she died. In his American exile Dr. Bloch clearly stressed that young Hitler had certainly not been an anti-Semite in Linz: "He had not yet begun to hate the Jews."
Waffen SS Veterans Honored in Austria
Hundreds of neo-Nazi sympathisers honoured Waffen SS veterans at the 50th edition of the controversial Ulrichsberg gathering in southern Austria Sunday. Grouped on top of the Ulrichsberg mountain in the Carinthia province, a stronghold of the far-right nationalist leader Jorg Haider, about 500 people paid homage to the Third Reich soldiers' "sense of sacrifice." Among the supporters were representatives from veterans' groups and from the Austrian army, as well as younger neo-Nazis and retired soldiers carrying the banners of the Flemish SS volunteers.
The Americans� Secessionist Streak: More Want Out of the USA
Christopher Ketcham -- Los Angeles Times
... As many as 44% of those polled agreed that "the United States' system is broken and cannot be fixed by traditional two-party politics and elections." Put this in stark terms: In a scientific, random sample poll of all Americans, almost half considered the current political system to be in terminal disorder. One-fifth would countenance a dissolution of the bond. This is not a hiccup of opinion. In an October 2006 poll conducted by the Opinion Research Corp. and broadcast on CNN, 71% of Americans agreed that "our system of government is broken and cannot be fixed."
McCain: So Wrong, So What?
Rosa Brooks -- Los Angeles Times
... McCain's the one presidential candidate pledging to continue the very Bush administration policies that got us into the mess we're now in, and McCain's record of getting it embarrassingly wrong on Iraq is virtually unparalleled ... Of course, maybe his success - for the time being - with the American public has convinced McCain that if you just repeat something long enough and confidently enough, people will start believing it ... And astonishingly - mysteriously! - polls suggest that a majority of Americans are buying McCain's line.
Why Obama is Wrong
William S. Lind
... Here we see the central reality of American politics shining through the smoke and mirrors. America has a one-party system. That party is the Establishment Party, and its internal disagreements are minor. Both McCain and Obama are Establishment Party candidates. They agree America must be a world-controlling empire. Both men are Wilsonians, believing we must re-make other countries and cultures in our own image. Neither man conceives any real limits, political, financial, military or moral, on American power.
Rosenberg Sons Acknowledge Their Father Was a Spy
The Associated Press
After years of professing their parents' innocence, the sons of Julius and Ethel Rosenberg are acknowledging that their father was a spy. The about-face came after their father's co-defendant, Morton Sobell, admitted for the first time that he and Julius Rosenberg stole nonatomic military and industrial secrets for the Soviet Union. The Rosenbergs were executed in 1953 for passing atomic secrets to the Soviet Union. Since then, decoded Soviet cables have appeared to confirm that Julius was a spy, but doubts have remained about Ethel's involvement.
Why Don�t Americans Believe in Evolution?
The New Scientist (Britain)
A survey of 32 European countries, the US, and Japan has revealed that only Turkey is less willing than the US to accept evolution as fact. Religious fundamentalism, bitter partisan politics and poor science education have all contributed to this denial of evolution in the US, says Jon Miller of Michigan State University in East Lansing, who conducted the survey with his colleagues. Miller's report makes for grim reading for adherents of evolutionary theory.
The Neocons Versus Russia
The Occidental Observer -- Editorial
The Russian invasion of Georgia following Georgia�s attempt to reestablish its dominance over its secessionist province of South Ossetia has certainly infuriated the neocons ... Quite simply, we think that neocon hostility stems from the fact that Russia under Vladimir Putin proved to be far more nationalistic than is good for the Jews or for Israel. A landmark event was Putin's crackdown on the oligarchs -- that small, overwhelmingly Jewish group of tycoons that came to control the industrial base of the USSR during the shift to capitalism.
Worst Crisis Since '30s, With No End Yet in Sight
The Wall Street Journal
The financial crisis that began 13 months ago has entered a new, far more serious phase. Lingering hopes that the damage could be contained to a handful of financial institutions that made bad bets on mortgages have evaporated. New fault lines are emerging beyond the original problem -- troubled subprime mortgages -- in areas like credit-default swaps, the credit insurance contracts sold by American International Group Inc. and others firms. There's also a growing sense of wariness about the health of trading partners � The U.S. financial system resembles a patient in intensive care.
US To Sell Israel 1,000 Bunker-Buster Bombs
The Associated Press
The U.S. plans to sell Israel 1,000 buster-bunker bombs which Israeli military experts said Monday could provide a powerful new weapon against underground arsenals in Lebanon or Gaza. The experts said they doubted, however, that the bombs could be used to deliver a crippling blow against Iran's nuclear program. In announcing the proposed $77 million deal, which still needs Congressional approval, the U.S. Defense Department said the sale of the Boeing GBU-39 smart bombs would be consistent with the U.S. interest of assisting Israel "to develop and maintain a strong and ready self-defense capability." The Pentagon issued a release on the planned sale on Sept. 9.
Iraq: Violence is Down, But Not Because of the 'Surge'
Patrick Cockburn � The Independent (Britain)
If fewer US troops and Iraqis are being killed, it is only because the Shia community and Iran now dominate. / � The surge only achieved the degree of success it did because Iran, which played a central role in getting Nouri al-Maliki appointed Prime Minister in 2006, decided to back his government fully. It negotiated a ceasefire between the Iraqi government and the powerful movement of Muqtada al-Sadr in Basra, persuading the cleric to call his militiamen off the streets there, in March and again two months later in the Sadrist stronghold of Sadr City.
How `60 Minutes� Framed Iran, and Won an Emmy for It
Mike Wallace Interviewed Iranian President Mahmoud Ahmadinejad on the popular and influential CBS television program `60 Minutes.� At the request of Iranian President Ahmadinejad, the full, unedited version was shown on C-SPAN. We can see what they cut out, a call for democracy. This is another example of Mainstream Media's continuing suppression of basic facts concerning Israel and the Palestinians and other dramatic details related to the Middle East. Runtime: 4:41 mins.
Israel�s `Greater Israel� Vision is Finished, Says Olmert
Prime Minister Ehud Olmert on Sunday reiterated his position that the vision of Israel holding onto the West Bank and Gaza Strip as part of its sovereign territory was finished. "Greater Israel is over. There is no such thing. Anyone who talks that way is deluding themselves," Olmert told the cabinet during its weekly meeting.
Berlin 1936 Olympic Games � Opening
Opening ceremonies of the 1936 Olympic games in Berlin. The enthusiastic crowd welcomes the various national teams as they enter the stadium. Hitler formally announces the opening of the games. Excerpts from the Leni Riefenstahl film, �Olympia.� Runtime: 4:57 mins.
The Lies Of Hiroshima Are The Lies Of Today
... The atomic bombing of Hiroshima and Nagasaki was a criminal act on an epic scale. It was premeditated mass murder that unleashed a weapon of intrinsic criminality. For this reason its apologists have sought refuge in the mythology of the ultimate "good war", whose "ethical bath", as Richard Drayton called it, has allowed the west not only to expiate its bloody imperial past but to promote 60 years of rapacious war, always beneath the shadow of The Bomb. The most enduring lie is that the atomic bomb was dropped to end the war in the Pacific and save lives.
Hegemony Everywhere But At Home
Paul Craig Roberts
What explains the fantastic amount of resources that Americans have thrown into combatting a nonexistent Muslim threat to the United States, while acquiescing to decades-long encroachment by illegal aliens? ... I sometimes wonder if Americans have enough sense to justify their continued existence as an independent country. Americans have proven themselves to be incapable of dealing with any threat unless it can be hyped as a terrorist one.
Remembering Lepanto: A Battle Not Forgotten
The future author of Don Quixote, Miguel de Cervantes, served on one of the Christian galleys in what he called the greatest naval sea battle in history and the most important to that time for the safety of Europe. The Turks had been massing an enormous fleet for an invasion of Italy. The preparations began to be reported on many months in advance. It was the year 1571 when that fleet was gathered near a port in Greece, not far from the Gulf of Lepanto.
The Jewish Crew That Helped Pave the Way to McCain�s Nomination
Forward (New York)
If pre-convention polls are to be believed, John McCain enters the convention poised to pull in a greater percentage of the Jewish vote than any Republican candidate in the past two decades. There are many possible explanations -- his long record on Israel, his image as an independent political moderate, lingering concerns about Barack Obama -- but one factor is certainly the ties that his campaign has cultivated with important Jewish Republicans and moderates alike.
Former Diplomat Says West Has `Fantasy' View of China
Ottawa Citizen (Canada)
Canadians have fallen for a Chinese government "charm offensive," says a former Canadian diplomat and specialist on Chinese mafia "Triad" gangs and Communist China's government-directed espionage in Canada. "I think politicians have to take off rose-coloured glasses and realize what China is all about," says Brian McAdam. "The Canadian government thinks it has to pander to China's needs and to align its foreign policy towards China. This is foolhardy." Mr. McAdam had a 30-year career in Canada's diplomatic service with assignments in Europe, the Middle East, the Caribbean and the Far East.
Bush Secretly Ordered US Raids Into Pakistan
The New York Times
President Bush secretly approved orders in July that for the first time allow American Special Operations forces to carry out ground assaults inside Pakistan without the prior approval of the Pakistani government, according to senior American officials. The classified orders signal a watershed for the Bush administration after nearly seven years of trying to work with Pakistan to combat the Taliban and Al Qaeda, and after months of high-level stalemate about how to challenge the militants' increasingly secure base in Pakistan's tribal areas.
Israel Annexes More West Bank Land
Israel has annexed thousands of hectares of West Bank land beside the barrier it is building, according to an Israeli rights group. B'Tselem says the land has been taken with the justification that it is needed to protect Israeli settlements. The group says some settlements have seized up to two and a half times more land than they have been designated by fencing it off or through intimidation. Under international law the settlements in the West Bank are illegal. This is disputed by Israel, which has settled about 450,000 people in the West Bank, including East Jerusalem.
Italian Politicians Defend Fascist Era Legacy
The Telegraph (Britain)
The combative right-wing mayor of Rome refused to condemn fascism as evil, while the country's defence minister paid homage to fascist troops who fought with the Nazis in resisting the Anglo-American landings of World War II. The minister, Ignazio La Russa, was speaking at an event marking the 65th anniversary of Rome's resistance to Nazi occupation in 1943 and the role played by anti-fascist partisans. But he also recalled the "Nembo" parachute division from Mussolini's fascist "Salo Republic" who fought alongside the Germans against the Allies.
Declassified Documents Shed New Light on Zionist AIPAC Espionage
Institute for Research: Middle Eastern Policy
More than one thousand documents released under Freedom of Information Act filings reveal details of a secret battle that raged between founders of the American Israel Public Affairs Committee (AIPAC) and top US law enforcement officials. The new book "America's Defense Line: The Justice Department's Battle to Register the Israel Lobby as Agents of a Foreign Government" reproduces and analyzes these files and their troubling implications for rule of law in the United States. "America's Defense Line" also reveals stunning details of a preferential deal engineered within the highest levels of the US Department of Justice over the course of three years and implemented in 1965.
Figure in Rosenberg Case Admits Spying for Soviets
The New York Times
In 1951, Morton Sobell was tried and convicted with Julius and Ethel Rosenberg on espionage charges. He served more than 18 years in Alcatraz and other federal prisons, traveled to Cuba and Vietnam after his release in 1969 and became an advocate for progressive causes. Through it all, he maintained his innocence. But on Thursday, Mr. Sobell, 91, dramatically reversed himself, shedding new light on a case that still fans smoldering political passions. In an interview, he admitted for the first time that he had been a Soviet spy. And he implicated his fellow defendant Julius Rosenberg.
How Did Jews Choose Their Last Names?
Forward (New York)
... When talking about Jewish family names, or at least, about the names of the Ashkenazic Jews of Eastern and Central Europe from which the great majority of American Jews descend, it is important to keep one fact in mind: Until the late 18th or early 19th century, very few Jews had such names at all ... The introduction of permanent last names into European Jewish life came with the decision of European governments to make their Jewish populations, which had previously been granted a large measure of communal autonomy, fully subject to the same state regulations and bureaucratic record-keeping as were other citizens.
Budget Office Sees Deficit Rising Next Year
The U.S. budget deficit will swell to record levels in 2009 as the "turbulent" economy cuts revenues and hikes government spending, a congressional report said on Tuesday in an assessment that does not include the possible costs of rescuing two gigantic mortgage companies. The Congressional Budget Office's latest budget and economic forecast projected a deficit of about $407 billion this year, rising to a record $438 billion in the fiscal year that starts on October 1. That would shatter the 2004 record of $413 billion and would be in contrast to the $161 billion budget shortfall last year, CBO said.
Albert Einstein: Great and Imperfect
The Wall Street Journal (New York)
Ask anyone where E=mc2 comes from and you will invariably be told "Einstein." The name is forever paired with the famous equation, and the two together -- emblazoned on T-shirts, public monuments and book covers -- are synonymous with genius, like the image of the wild-haired physicist himself. The problem is that Einstein was not the first to discover the equation: It was known for several years before he presented it in his celebrated 1905 paper, "Does the Inertia of a Body Depend on its Energy-content?" Nor was the proof that he provided there complete.
A Zionist Smear: ADL Deceit
Mark Weber - "Axis of Logic" Posting
The Anti-Defamation League is a master of deceit. A good example is the recent ADL blast against a conference in suburban Baltimore on August 16, 2008, where I was a speaker. Dedicated to peace and cross-cultural understanding, the meeting was organized by Jamaat al-Muslimeen, a local Islamic group. The ADL, one of the world's most influential Jewish-Zionist organizations, calls it a gathering of "Far Right and Muslim Extremists" who found "common cause in their hatred of Jews and Israel."
Russian Archaeologists Find Long-Lost Jewish Capital
Agence France Presse
Russian archaeologists said Wednesday they had found the long-lost capital of the Khazar kingdom in southern Russia, a breakthrough for research on the ancient Jewish state. "This is a hugely important discovery," expedition organiser Dmitry Vasilyev told AFP by telephone from Astrakhan State University after returning from excavations near the village of Samosdelka, just north of the Caspian Sea.
Obama On The Brink
Barack Obama is betraying his promise of change and is in danger of becoming just another political hack. Yes, just like former maverick John McCain, who has refashioned himself as a mindless rubber stamp for the most inane policies of the miserably failed Bush administration. Both candidates are embracing, rather than challenging, the fundamental irrationality of Bush�s "war on terror," which substitutes hysteria for rational analysis in appraising the dangers the country faces.
McCain�s History of Hot Temper Raises Concerns
... It was another instance of the Republican presidential candidate losing his temper, another instance in which, as POW-MIA activist Carol Hrdlicka put it, "It's his way or no way." There's a lengthy list of similar outbursts through the years: McCain shoving a woman in a wheelchair, trying to get an Arizona Republican aide fired from three different jobs, berating a young GOP activist on the night of his own 1986 Senate election and many more.
Israel, Georgia and Russia
Arnaud de Borchgrave - United Press International
... Georgia also had a special relationship with Israel that was mostly under the radar. Georgian Defense Minister Davit Kezerashvili is a former Israeli who moved things along by facilitating Israeli arms sales with U.S. aid ... In a secret agreement between Israel and Georgia, two military airfields in southern Georgia had been earmarked for the use of Israeli fighter-bombers in the event of pre-emptive attacks against Iranian nuclear installations. This would sharply reduce the distance Israeli fighter-bombers would have to fly to hit targets in Iran. And to reach Georgian airstrips, the Israeli air force would fly over Turkey.