Entries for September 2008
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The Hidden Cost of War
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In 2003, Donald Rumsfeld estimated a war with Iraq would cost $60 billion. Five years later, the cost of Iraq war operations is more than 10 times that estimate. So what's behind the ballooning figures? Joseph E. Stiglitz and Linda J. Bilme's exhaustively researched book, The Three Trillion Dollar War: The True Cost of the Iraq Conflict, breaks down the price tag, from current debts to the unseen costs we'll pay for many years to come. Read
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War & The Military, Video ::
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It's snowing on Mars
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| By David Perlman | San Francisco Chronicle | Sep. 30, 2008
Scientists studying the coded signals from the lander Phoenix on the planet's arctic surface detected the snow falling lightly from clouds drifting across the sky some 2 1/2 miles above the spacecraft, said James Whiteway, an atmospheric scientist from York University in Canada. Read
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Science & Technology ::
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Sunday: 51 Iraqis Killed, 138 Wounded
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| By Margaret Griffis | AntiWar.com | Sep. 28, 2008
A significant number of small attacks left at least 51 Iraqis dead and another 138 wounded. The violence was spread out fairly evenly across northern and central Iraq. Tensions continue in Kurdish Diyala where the mayor of Saadiya escaped an assassination attempt. No Coalition deaths were reported. Meanwhile, hundreds of Christians protested a new elections law because it does not guarantee them seats on provincial councils. Read
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War & The Military ::
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Bankruptcy, not bailout, is the right answer
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| By Jeffrey A. Miron | CNN.com | Sep. 29, 2008
Congress has balked at the Bush administration's proposed $700 billion bailout of Wall Street. Under this plan, the Treasury would have bought the "troubled assets" of financial institutions in an attempt to avoid economic meltdown. Read
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Economics ::
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Black Monday?
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| By Mike Whitney | CounterPunch.org | Sep. 29, 2008
Today the US House rejected Treasury Secretary Paulson's $700 billion Emergency Economic Stabilization Act of 2008. Paulson said he has the votes, but Paulson was wrong. The House bucked the Paulson's claim that buying up the illiquid mortgage-backed assets from the nation's banks would be enough to save the financial system from an impending meltdown. Read
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Economics ::
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