China Banks Pull Out of Japan IMF Meeting

3 10 2012

“Both Japan and China have much serious problems to attend to, be that their economies, finance, and in case of Japan radiation contamination from the ongoing nuclear accident which no one pays attention to these days. Instead, they focus on these pieces of real estate that promise untold rich natural resources.”   (more)

http://ex-skf.blogspot.com/2012/10/chinese-banks-to-pull-out-of-imf-annual.html





Greece Debt, Creative Accounting?

13 11 2011

Is the news about Greece being suddenly broke true or is there a scheme to use fictional debt to wipe out workers’ gains and steal a lot of money?

This blog, ce399,  has an intersting article (plus others)

Professor Georganta told the Financial Times on Friday: “I am still convinced the methodology was incorrect and the deficit number had no scientific foundation . . . it should have been revised downwards.”

Striking members of Elstat’s union blocked access to its building on Friday in support of Prof Georganta’s view. One union member said: “We face another round of salary cuts and maybe sackings because of what happened with Eurostat and the deficit figures.”





LIVE: Updates from Greece + USA sent 400 TANKS

19 10 2011

Athens Indy Media reports –

http://athens.indymedia.org/front.php3?lang=en&article_id=1343265

From Oct. 3:

The U.S. approved to grant 400 M1A1 Abrams to Greece

According to information of the “Hellenic Defence & Technology” magazine, the U.S. authorities approved to grant 400 M1A1 Abrams tanks to the Greek Army, which will include options between simple refurbishment – worth tens of millions dollars for all the tanks- and upgrading to a higher level of operational capability, with a higher corresponding cost. The relative Letter of Offer and Acceptance (LOA) is expected soon. . . .

http://paper.li/occupymanhattan/1317517749





Playing Chicken on Wall Street

27 07 2011

Some articles of note –

MarketWatch –  Kiss the AAA rating of the U.S. goodbye 

World Socialist Website – Wall Street steps up pressure for deal on budget cuts

Hussain Khan reports China is buying up Japan

Mike Davis inspires our headline with his essay “Crash Club”.

There, after all, are the Tea Party Republicans, accelerator punched to the floor, grinning like demons as they approach Deadman’s Curve. (House speaker John Boehner and New York Times columnist David Brooks, in the back seat, are of course screaming in fear.) 

David Goldman writes about Treasuries Downgrade possibility.

A downgrade (and, more importantly, the Obama administration’s incompetence and brinksmanship that provoked the downgrade) would accelerate efforts to replace the dollar as a world reserve currency.  

Or are the Daddy Warbucks crew just playing chicken to cow the (out of) working class??

 





The Secret Patriot Act + A99 Operation Empire State Rebellion

3 07 2011

From Stone Fruit

A99 Operation Empire State Rebellion – Communication #1

“I’m talking about instances where the government is relying on secret interpretations of what the law says without telling the public what those interpretations are,” Ron Wyden (D-Oregon) says, “and the reliance on secret interpretations of the law is growing.”    (more + VIDEO)

http://stonefruit.blogspot.com/2011/05/a99-operation-empire-state-rebellion.html 





US Workers in Turmoil

17 06 2011

Lots of headlines at World Socialist Web Site  –

http://wsws.org/

Too much to post all the headlines!  Suggest Labor/Worker interested readers bookmark that page.

Related:

How to fix crumbling U.S. roads, rails and airways
Falling tax revenue is hurting U.S. shipping and prosperity
http://www.marketwatch.com/story/how-to-fix-crumbling-us-roads-rails-and-airways-2011-06-17?dist=afterbell





IMF Computer System HACKED (LOL!)

12 06 2011

IMF Computer System Hit by Foreign Cyber-Attack

The International Monetary Fund’s computer system was targeted by hackers, believed to be connected to a foreign government, who retrieved e-mails and other documents, according to a person familiar with the attack.

The incident occurred before former Managing Director Dominique Strauss-Kahn was arrested for sexual assault on May 14, according to the person, a security expert who couldn’t be identified because he wasn’t authorized to speak on the subject. He didn’t say which government is thought to be behind the intrusion, which he said involved the removal of a “large quantity” of data.

The infiltration follows reported hacks at Google Inc. (GOOG), Sony Corp. (6758), Lockheed Martin Corp. (LMT) and Citigroup Inc. (C) in the past three months. The FBI has said it would increase efforts to combat cyber-attacks by criminal gangs, industrial spies and foreign governments. On June 10, Spanish police arrested three suspected members of the online hacking group Anonymous, which has said it carried out attacks on governments and websites belonging to Sony and MasterCard Inc. (MA) . . .  (more)

 

http://www.bloomberg.com/news/2011-06-11/imf-computer-system-infiltrated-by-hackers-said-to-work-for-foreign-state.html

 Serves ’em right! These pirates have impoverished billions worldwide with their disaster capitalism “loans”.

Loan sharks calling “foul”.