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2010 April 24 | Activist News
Disobey

The Road to World War 3

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Edward Snowden

Open Letter To Obama

July 26, 2013 President Barack Obama The White House 1600 Pennsylvania Avenue, N.W. Washington, D.C. 20500 Re: Civil Disobedience, Edward J. Snowden, and the Constitution Dear Mr. President: You are acutely aware More »

greed3

U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study

Huffington Post July 1, 2013 By Mark Gongloff Big, profitable U.S. companies paid an average federal tax rate of less than 13 percent in 2010, according to a new study — or More »

jeff olsen

Man Tried for Chalk Drawings Found Not Guilty

NBC San Diego July 1, 2013 By Christina London The man accused of vandalism for drawing with chalk outside banks has been found not guilty on all charges. A jury returned its More »

freedom-of-the-press

The Bigger Story Behind the AP Spying Scandal

Washington’s Blog/Global Research May 20, 2012 By George Washington Attack on the Press You know that the Department of Justice tapped scores of phone lines at the Associated Press. You might have More »

Daily Archives: April 24, 2010

Super-rich become wealthier again, Sunday Times says

BBC
Saturday, 24 April 2010

The UK’s super-rich have seen a resurgence in their fortunes, the Sunday Times Rich List suggests.

London-based steel tycoon Lakshmi Mittal topped the list for the sixth consecutive year with a £22.45bn pile.
Many, including Mr Mittal, were hit badly by the economic downturn, shrinking their wealth in 2009.
But the collective fortunes of the top 1,000 on the list have risen by 30% in the past year – the biggest jump in the list’s 22-year history – to £333.5bn.

link -http://news.bbc.co.uk/2/hi/business/8642021.stm

ECB Officials Rebuff Concerns That Greek Crisis May Spread

By Christian Vits

April 24 (Bloomberg) — European Central Bank officials rebuffed concerns the Greek budget crisis may spill over to other euro region countries such as Spain or Portugal.

“All countries in Europe without any exception have a lot of work to do,” ECB President Jean-Claude Trichet said after meeting with Group of 20 finance chiefs in Washington yesterday. At the same time, “of course Spain is not Greece,” he added.

Greek Prime Minister George Papandreou yesterday called for activation of a financial lifeline of as much as 45 billion euros ($60 billion) after the county failed to convince investors it can finance its debt. Market borrowing costs for Spain and Portugal have also risen as they struggle to cut budget deficits.

Portugal’s budget deficit reached 9.4 percent of gross domestic product last year and Spain had a shortfall of 11.2 percent, almost four times the European Union limit of 3 percent.

“The decisive aid for Greece is a signal to markets and the speculation that it is not realistic, to be expected or acceptable to attack other sovereigns,” ECB Governing Council member Ewald Nowotny said. “The fiscal situation of Spain and Portugal cannot be compared with Greece.”

Greek Spread

Greek 10-year bonds snapped an eight-day decline yesterday after the government request for the loans. The yield premium investors demand to buy Greek debt over comparable German bonds fell to 559 basis points from 590 basis points April 22, which was the biggest gap since at least March 1998, when Bloomberg began compiling the generic prices.

At stake is the future of the euro 11 years after its creators gave the European Central Bank responsibility for interest rates while leaving budget policy in national capitals.

While Greece, with a national debt of almost 300 billion euros, had a budget deficit of 13.6 percent of output last year, it pledged to lower its funding shortfall below the EU’s 3 percent limit by 2012. The euro fell 7 percent against the dollar this year as Greece undermined confidence in the single currency.

Still, ECB Governing council member Christian Noyer also echoed his fellow colleagues’ remarks and dismissed suggestions that other euro area countries face problems similar to Greece.

“Is there a risk for other countries in the zone? No, the other situations have absolutely nothing to do with that of Greece,” Noyer said. “I know it’s a sport in the markets to look for ways of increasing volatility and make easy profits. But quite objectively when you look at the economic fundamentals, things are completely different. So there’s no need to worry about the extension of this crisis.”

–With assistance from Rainer Buergin, Aaron Eglitis and Mark Deen in Washington. Editors: Andrew Barden, Mike Millard.

link -http://www.businessweek.com/news/2010-04-24/ecb-officials-rebuff-concerns-that-greek-crisis-may-spread.html

ECB Officials Rebuff Concerns That Greek Crisis May Spread

By Christian Vits

April 24 (Bloomberg) — European Central Bank officials rebuffed concerns the Greek budget crisis may spill over to other euro region countries such as Spain or Portugal.
“All countries in Europe without any exception have a lot of work to do,” ECB President Jean-Claude Trichet said after meeting with Group of 20 finance chiefs in Washington yesterday. At the same time, “of course Spain is not Greece,” he added.

link -http://www.businessweek.com/news/2010-04-24/ecb-officials-rebuff-concerns-that-greek-crisis-may-spread.html

US Nuclear Option on Iran Linked to Israeli Attack Threat

Friday 23 April 2010
Washington – The Barack Obama administration’s declaration in its Nuclear Posture Review (NPR) that it is reserving the right to use nuclear weapons against Iran represents a new element in a strategy of persuading Tehran that an Israeli attack on Iranian nuclear sites is a serious possibility if Iran does not bow to the demand that it cease uranium enrichment.

*Gareth Porter is an investigative historian and journalist specialising in U.S. national security policy. The paperback edition of his latest book, “Perils of Dominance: Imbalance of Power and the Road to War in Vietnam”, was published in 2006.

Guatemala Hands Over Key File In Army Genocide Case

Reuters
Sarah Grainger
April 23, 2010

Guatemala’s

government handed over a military document on Thursday containing evidence soldiers massacred villagers during the country’s civil war which could help prosecute top officials for genocide.
A copy of a military file dating from the 1980s, complete with maps, telegrams and hand-written patrol reports about an operation known as “Plan Sofia,” was mailed anonymously to President Alvaro Colom last year.
(Editing by Todd Eastham)
link -http://www.postchronicle.com/news/breakingnews/article_212297503.shtml?ref=rss

Military’s health care costs booming

By Gregg Zoroya, USA TODAY

WASHINGTON — Military health care spending is rising twice as fast as the nation’s overall health care costs, consuming a larger chunk of the defense budget as the Pentagon struggles to pay for two wars, military budget figures show.

The surging costs are prompting the Pentagon and Congress to consider the first hike in out-of-pocket fees for military retirees and some active-duty families in 15 years, said Rear Adm. Christine Hunter, deputy director of TRICARE, the military health care program.

Glenn Beck calls his own show ‘worst television ever done’

The Raw Story
By John Byrne

Friday, April 23rd, 2010

In a somewhat bizarre moment on Glenn Beck’s program Wednesday, he seemed to agree with what his liberal critics have been saying all along: his show is just bad TV.

“This is the worst television ever done,” Beck said, while studying a chalkboard drawing he’d created. “We’re doing it every day, congratulations.”

“Finally Glenn Beck says something I agree with completely,” wrote John Amato at Crooks and Liars, who first noticed Beck’s remark.

Beck made the comment about his program while glancing at a chalkboard diagram he’d devised aiming to explain where America’s progressives fall on the political spectrum. The comment came in a larger segment criticizing Daily Kos founder Markos Moulitsas.

“This is the European railroad track, okay?” Beck said. “This is where we got off in 1791. This is the new system.”

His explanation of the chalkboard diagram, which goes on for several minutes, makes little sense, and manages to invoke communism, fascism, Auschwitz and light bulbs.

Beck’s broadcast has been beset by advertising woes since the controversial Fox host declared that President Barack Obama was a “racist,” a remark that set off a flurry of protests. Critics said that Beck’s comment was itself racist. The show ran for days in the UK without a single paid advertiser earlier this year.

Beck’s 2009 comment included the remark that he believed Obama had “a deep-seated hatred for white people or the white culture,” and “I’m not saying that he doesn’t like white people. I’m saying he has a problem,”

“This guy is, I believe, a racist,” he added.

link - http://rawstory.com/rs/2010/0423/glenn-beck-calls-show-worst-television-done/