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2010 October 14 | Activist News

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 »


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 »


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: October 14, 2010

Halliburton wins Exxon contract in Iraq

October 14, 2010

HOUSTON, Oct 14 (Reuters) – Oilfield services company Halliburton Co (NYSE: HAL – news) said Thursday it received a contract to refurbish wells in southern Iraq by Exxon Mobil Corp (NYSE: XOM – news) .

Under the contract, Halliburton will provide on-site logistics and technical support for both rigless and rig-assisted workovers, a procedure used to increase production from existing wells in Iraq’s West Qurna Phase One field.

A spokeswoman for Halliburton declined to provide additional details.

Exxon and its partner Royal Dutch Shell Plc (Amsterdam: RDSA.AS – news) plan to more than double the number of new wells in West Qurna Phase One to reach its projected production target, an Exxon executive said last month.
Exxon aims to drill two to three times the current 370 wells in the field as part of its development plan for West Qurna to reach plateau output of 2.325 million barrels per day, James Adams, Exxon’s Iraq vice president, said.

Full Article Here – http://uk.finance.yahoo.com/news/update-1-halliburton-wins-exxon-contract-in-iraq-targetukfocus-dca60971137b.html?x=0

U.N. to Focus on Poorest of the World’s Poor

October 13, 2010
By Thalif Deen

UNITED NATIONS, Oct 13, 2010 (IPS) – The United Nations, which is planning to hold a major international conference on Least Developed Countries (LDCs) next year, has been put on notice: if the mounting social and economic problems of poorer nations are not resolved, “There will be no peace and stability in the world.”

The warning came from the co-chairman of a “panel of eminent persons”, who are expected to raise awareness of the urgent needs of the 49 LDCs, described as “the poorest of the world’s poor”, struggling for survival against severe economic odds.

Alpha Oumar Konare, a former president of Mali, told reporters Wednesday that pledges to provide assistance to LDCs should be honoured.
“We need a political message of commitment,” said Konare, who co-chairs, along with former World Bank President James Wolfensohn, the nine-member panel mandated to prepare a report “that will be used as an advocacy tool to drum up support” for the development of LDCs.

“I don’t like reports,” Konare told reporters. “Think of all the thousands of reports gathering dust.” What is needed, he said, is the commitment of the international community to meet the promises and pledges made so far.

The 49 LDCs – consisting of 33 in Africa, 15 in Asia and one in the Caribbean – comprise over 800 million people and are described as “the poorest and the most vulnerable segment of humanity at the very epicentre of the developmental emergency”.

The United Nations has held three major global conferences on LDCs: the first and second in Paris in 1981 and 1991, and the third in Brussels in 2001 – all of them aimed at mobilising global support for the upliftment of LDCs.

The General Assembly last year decided to convene a fourth U.N. conference (LDC IV) scheduled to take place May 30-Jun. 3 next year in Istanbul, Turkey.

Asked what gains LDCs made at the anti-poverty Millennium Development Goals (MDGs) summit last month, Under-Secretary- General Cheick Sidi Diarra told IPS the 27-member European Union (EU) offered funding amounting to one billion euros (about 1.4 billion dollars) to “the most committed and needy countries to make progress on the goals they are furthest from achieving”.

“Undoubtedly,” he said, “the LDC agenda gained greater visibility at this year’s summit and throughout many of the sessions it became clear that delegates were of the opinion that there would be no MDGs without LDCs.”

Full Article Here – http://www.ipsnews.net/news.asp?idnews=53153

Banks seize 288K homes in Q3, but challenges await

Associated Press
October 13, 2010

LOS ANGELES – Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may be challenged in court later because of allegations that banks evicted people without reading the documents.

A total of 288,345 properties were lost to foreclosure in the July-September quarter, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service. That’s up from nearly 270,000 in the second quarter, the previous high point in the firm’s records dating back to 2005.

Banks have seized more than 816,000 homes through the first nine months of the year and had been on pace to seize 1.2 million by the end of 2010. But fewer are expected now that several major lenders have suspended foreclosures and sales of repossessed homes until they can sort out the foreclosure-documents mess.

On Wednesday, officials in 50 states and the District of Columbia launched a joint investigation into the matter.
Rick Sharga, a senior vice president at RealtyTrac, noted that legal challenges are likely. But he doubts many will be successful in overturning foreclosures. He said he expects foreclosures to resume and predicts about 1 million homes will be taken back this year.

“The bottom line is not that those properties won’t be repossessed,” Sharga said. “They simply won’t be repossessed as quickly. We’re simply delaying the inevitable.”

Experts say if lenders resume foreclosures in a couple of months or so, the delay will amount to a temporary lull followed by a spike in home repossessions early next year.

But if the crisis drags on for months and more lenders stop seizing homes, the foreclosure delays could last well into next year. That could have a severe effect on home sales and prices.

A freeze in foreclosure sales between now and December by a majority of lenders could amount to removing 30 percent of all home sales for that period, Sharga suggests.

Full Article Here – http://news.yahoo.com/s/ap/20101014/ap_on_bi_ge/us_foreclosure_rates