Stocks worldwide have plummeted in the wake of yesterday’s unprecedented decision by leading central banks to pump billions into money markets in a bid to avoid a worldwide recession.
Bush Threatens To
Veto Bill That Bans Torture
The 222-199 vote sent the measure to the Senate, which still must act before it can go to President Bush. The
White House has threatened a veto
US and Her Fundamentalist Stooges are the Main Human Rights Violators In Afghanistan– by Rawa
Here is the sign: Afghan War Lost
Ecuador
To Evict U.S., Offer Air Base to China
By April Howard, AlterNet
When the U.S. Air Force Southern Command’s 10–lyear usage rights for Ecuador’s Manta air
base expire in 2009, it can expect to be evicted.
Baseball Steroid Report To Name
All–Stars
Russia announces new nuclear arms race in response to hostile US moves
Another proud moment in US history: Agent: Waterboarding OK’ed at the top:
The CIA’s waterboarding of a top al–Qaida figure was approved at the top levels of the U.S. government, a
former CIA agent said Tuesday as agency director Gen. Michael Hayden prepared for questioning by congressional
panels about the destruction of videotapes of terror suspect interrogations
Chaplain describes ‘horror’ of Guantanamo Bay:
A Muslim chaplain who visited Omar Deghayes in Guantanamo Bay has spoken of his horror at the conditions there.
MORE News
World Abandoning the US Dollar as International
Currency For Trade
The foreign exchange markets are not solely about exchange rates. They are about values, smooth flowing of
international trade, about trust and reliability. The sight of the $ falling over a long period of time, with
bounces and recoveries that don’t change the downward trend is far more than simply a drop in value!
Countrywide reports doubling of foreclosures
Countrywide Financial said on Thursday foreclosures had doubled in November, while late payments continued to
rise amid the US subprime housing crisis
Fed to try another way of injecting banks with cash
Gold glitters in the eyes of Russia’s billionaires
Fed’s money helicopters take off for Europe, Britain, Canada
from Eric G
Ten Reasons Why "Save Darfur"
is a PR Scam to Justify the Next US Oil and Resource Wars in Africa
MORE Business News
The US economy continues to flaunt history and economics. At 6.4% of GDP (US$58.9bil), US trade deficits
are perilous and significantly exceed those of Rome, Brazil or any Asian country one decade ago.
With the recent decline of the US dollar, there are good reasons to expect its slide to continue.
Weak economic numbers triggered the fall of the greenback against slower housing starts, sluggish durable
goods orders and lethargic consumer confidence – all point to a correction in the economy.
MORE Market News
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