Entries for November 2008
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Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo
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| By Mike Adams | Natural News | Nov. 28, 2008
An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim. "The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock," wrote Tom Fitzpatrick, Citibank's chief technical strategist. Read
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Economics ::
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Georgian row over origins of war
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| BBC | Nov. 26, 2008
A former Georgian ambassador has caused uproar in Georgia by saying his country, not Russia, started August's war over South Ossetia. Erosi Kitsmarishvili, a former envoy to Russia, was testifying at a parliamentary commission hearing into the war the breakaway Georgian region. One lawmaker threw his pen at Mr Kitsmarishvili and then had to be restrained as he charged towards him. Read
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War & The Military ::
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Pakistani intelligence chief to visit India
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| By Salman Masood | IHT | Nov. 28, 2008
The chief of Pakistan's powerful intelligence organization will make an extraordinary visit to India to assist in the investigation of the Mumbai attacks, Pakistani officials said Friday. The decision to send Lieutenant General Ahmed Shuja Pasha, the director general of Inter-Services Intelligence, or ISI, will mark the first time an ISI chief will visit rival India. It was not immediately clear, however, when Pasha would leave for India. Read
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Terrorism ::
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Fort Dix Suspect Contacted Police About Concerns
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| Associated Press | Nov. 26, 2008
One of the men on trial for allegedly planning to attack soldiers on Fort Dix spoke with police, then an FBI agent, about his concerns that a man had asked him for a map of the Army installation. It will be up to the jury to try to sort out whether Serdar Tatar was genuinely concerned, as his lawyer contends — or engaged in a game of "spy vs. spy," trying to smoke out an informant, as the government says. Read
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Terrorism ::
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The Bailout, the Media, and the War Party
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| By Justin Raimondo | AntiWar.com | Nov. 26, 2008
One is hardly ever shocked anymore: that seems to be the defining characteristic of modernity. Yet I got to experience that rare sensation the other day when I read this blog item on LewRockwell.com. Aha! I thought. So that's why the MSNBCers are hailing the Big Bailout at the top of their lungs – their parent company, General Electric, also owns GE Capital, which was declared "too big to fail" and given its bailout infusion the day after the election. Read
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Politics & Government ::
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Thai Protesters Shut Down Airport
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| By Thomas Fuller | New York Times | Nov. 25, 2008
Thailand's main international airport remained shut Wednesday after protesters besieged the facility, startling tourists, halting flights and escalating months of simmering political tensions into a full-blown national crisis. Read
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International ::
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FDIC's list of 'problem' banks swells to 171
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| By Medlen Read | The Associated Press | Nov. 25, 2008
The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter—yet another sign of escalating problems among the institutions controlling Americans' deposits. Read
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Economics ::
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FDA Finds Traces of Melamine in U.S. Infant Formula
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| Associated Press | Nov. 26, 2008
Traces of the industrial chemical melamine have been detected in samples of top-selling U.S. infant formula, but federal regulators insist the products are safe. The Food and Drug Administration said last month it was unable to identify any melamine exposure level as safe for infants, but a top official said it would be a "dangerous overreaction" for parents to stop feeding infant formula to babies who depend on it. Read
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Health ::
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Cost Of Bailout Hits $8.5 Trillion
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| By Paul Joseph Watson | PrisonPlanet.com | Nov. 26, 2008
The total cost of funds committed to the bailout in its various guises has now hit $8.5 trillion dollars, up from $7.7 trillion in just two days after the federal government committed an additional $800 billion to two new loan programs on Tuesday. Read
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Economics ::
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