Entries for October 2008
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Why Big Banks May End up Buying Your City's Public Water System
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| By Jo-Shing Yang | Alternet.org | Oct. 31, 2008
Water is the new oil for global financial powerhouses and water is being commoditized and traded in global stock exchanges. Today in addition to being able to buy water rights and purchase lakes on private land, an individual or a corporation can invest in water-targeted hedge funds, index funds and exchange-traded funds (EFTs), water certificates, shares of water engineering and technology companies, shares of multinational private water utilities, shares of multinational banks and investment banks that own water companies, and a host of other newfangled water investments in this U.S.$425 billion industry which is expected to become a U.S.$1 trillion industry within five years. And if one happens to be a tycoon, one can also create his or her own private water districts and water utilities.
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Corporations & Industry ::
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CIA officers could face trial in Britain over torture allegations
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| By Robert Verkaik | The Independant | Oct. 31, 2008
Senior CIA officers could be put on trial in Britain after it emerged last night that the Attorney General is to investigate allegations that a British resident held in Guantanamo Bay was brutally tortured, after being arrested and questioned by American forces following the terrorist attacks on New York and Washington in 2001. Read
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Civil Liberties ::
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D.C. Checkpoint Initiative Is Upheld by Federal Judge
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| By Del Quentin Wilber | Washington Post | Oct. 30, 2008
A federal judge declined today to block D.C. police from operating a checkpoint initiative that authorities say is designed to quell spikes in violence. U.S. District Judge Richard J. Leon denied a request by a civil" Suffice it to say that the public's interest in deterring violent crime of this type through a checkpoint program this carefully crafted is overwhelming," Leon wrote. "Simply put, to take this arrow out of [D.C. police's] quiver on such a weak showing as to its unconstitutionality would be injurious not only to [D.C. police's] ability to protect our citizens, but to the public's overwhelming need to be protected from these mobile merchants of violence." Read
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Civil Liberties ::
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RAND Lobbies Pentagon: Start War To Save U.S. Economy
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| By Paul Joseph Watson & Yihan Dai | Prisonplanet.com | Oct. 30, 2008
According to reports out of top Chinese mainstream news outlets, the RAND Corporation recently presented a shocking proposal to the Pentagon in which it lobbied for a war to be started with a major foreign power in an attempt to stimulate the American economy and prevent a recession.
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War & The Military ::
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Your New President, ZBig Brother
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| By Alan Stang | NewsWithViews.com | Oct. 29, 2008
As I write, little more than a week remains before E-Day, on which most Americans will vote. Nerves are being fearfully wracked. Even people who are usually somnolent say they can’t take the stress. There is a real danger that, unaddressed, the frustration of choosing between a Communist illegal alien raised by a Communist sex pervert and a POW traitor who is a Soviet front man could lead to an epidemic of Acid Reflux Disease or even an outbreak of Restless Leg Syndrome. Read
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Politics & Government ::
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AIG used billions from Fed but hasn't said for what
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| By Mary Williams Walsh | IHT | Oct. 30, 2008
The American International Group is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October. Some analysts say at least part of the shortfall must have been there all along, hidden by irregular accounting. Read
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Corporations & Industry ::
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White House to banks: Start lending now
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| By Jennifer Loven | The Associated Press | Oct. 28, 2008
An impatient White House prodded banks and other financial companies Tuesday to quit hoarding billions of dollars flowing into their vaults from Washington and start making more loans. Wall Street soared nearly 900 points on bargain-hunting and hopes of a hefty interest rate cut by the Federal Reserve. Read
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Economics ::
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