August 24, 2011
Japan credit rating downgraded over ballooning deficit Japanese Finance Minister Yoshihiko Noda announces a $100bn facility to help ease the impact of the strong yen. Photograph: Yoshikazu Tsuno/AFP/Getty Images Japan has the highest debt-to-GDP ratio of any country in the world, with its borrowings estimated to hit 233% of annual economic output in 2011 [...]
Tags: Asia, Credit rating, Japan, Moody's, Naoto Kan, Standard & Poor's, United States, Yoshihiko Noda
Posted in Japan | No Comments »
August 23, 2011
Internationalisation of the renminbi could help China avoid danger from the $3.2tn it holds in dollars [EPA] While the downgrade of Unites States government debt by Standard & Poor’s shocked global financial markets, China has more reason to worry than most: the bulk of its $3.2tn in official foreign reserves – more than 60 per [...]
Tags: Asia, Barack Obama, China, Current account, Economy of the People's Republic of China, Project Syndicate, Standard & Poor's, United States, United States Treasury security
Posted in China | No Comments »
August 13, 2011
Standard and Poor’s: Just More Corrupt Wall Street Insiders Waging Class War on America LIKE THIS ARTICLE ? Join our mailing list: Sign up to stay up to date on the latest headlines via email. S&P’s downgrade provides compelling evidence of the corruption eating away at the foundations of yet another key Wall Street institution. [...]
Tags: Barack Obama, Credit rating agency, Hong Kong, New York Times, Republican Party (United States), Standard & Poor's, United State, Wall Street
Posted in Capital, Capital Project, Capitalism, Capitalism and debt, Debt Crisis, Debt sham, Democracy | No Comments »
August 11, 2011
The official US unemployment rate is 9.1 per cent, but the “real unemployment” rate is 22.6 per cent [GALLO/GETTY] During the Tajik Civil War of the late 1990s, soldiers loyal to the central government found an ingeniously simple way to conserve bullets while massacring members of the Taliban-trained opposition movement. They tied their victims together [...]
Tags: China, Economic, North American Free Trade Agreement, Soviet Union, Standard & Poor's, Transatlantic Free Trade Area, United States, United States Treasury security
Posted in Capital, Capital Project, Capitalism, Capitalism and debt, Debt Crisis, Debt sham, Democracy, US economy, US elections, US Foreign Policy, US Politics, US public opinion, USA | No Comments »
August 10, 2011
Wall Street reacts to credit rating downgrade. M. Spencer Green/AP By Michael Hudson and Aaron Mehta 11 hours, 2 minutes ago Print E-mail 16 inShare As housing crisis festers, mortgage servicers spend $8 million on political contributions By Michael Hudson and Aaron Mehta August 5, 2011 As the financial markets roil, one of the critical factors weighing down the U.S. [...]
Tags: Bond credit rating, Credit rating, European sovereign debt crisis of 2010–present, Federal government of the United States, Roy Barnes, Sonny Perdue, Standard & Poor's, United States, United States Congress, Wall Street
Posted in Debt Crisis, Debt sham | No Comments »
August 9, 2011
AMY GOODMAN: Standard & Poor’s announced Friday it’s downgraded the U.S. credit rating for the first time in history. The move by S&P, one of three leading credit rating agencies, came just days after Congress approved a $2.1 trillion deficit-reduction plan. S&P called the outlook “negative,” indicating that another downgrade is possible in the next 12 [...]
Tags: AMY GOODMAN, Barbara Ehrenreich, Bright-sided: How the Relentless Promotion of Positive Thinking Has Undermined America, John Kerry, New York Times, Nickel and Dimed: On (Not) Getting By in America, Standard & Poor's, United State
Posted in Debt Crisis, Debt sham, Democracy, US economy, US Politics | No Comments »
August 9, 2011
Rep. Frank: Military Spending ‘Biggest Reason’ for US Downgrade Senior Dem on Finance Committee Vows to Focus on Military Cuts by Jason Ditz, August 08, 2011 Email This | Print This | Share This | Antiwar Forum Speaking today on CBS’ “The Early Show,” Rep. Barney Frank (D – MA) confirmed that he sees military spending as the “biggest [...]
Tags: Barney Frank, Credit rating, Early Show, Military budget, Pentagon, Standard & Poor's, United States, United States House Committee on Financial Services
Posted in US economy, US elections, US Foreign Policy, US Politics, US torture; art and science, US war crimes, USA, voodoo rhythm economics, War, War and economics, War creates misery and despair, War Crimes, War is a crime, War means war, War no reason needed, War on drugs, War on Islam and Muslims, War on terror | No Comments »
August 8, 2011
Barack Obama said the US would “always be a triple A country” despite its credit rating downgrade by S&P. Photograph: Evan Vucci/AP Barack Obama has dismissed Standard and Poor’s downgrading of America’s credit rating and insisted the US remained an AAA country. In his first words since S&P’s decision on Friday evening, he sought to [...]
Tags: Barack Obama, Credit rating, Family of Barack Obama, Mitt Romney, Republicans, Standard & Poor's, United State, White House
Posted in Obama, Obama warmonger, President of the World, Propaganda, Psycopaths, US elections, US Foreign Policy, US Politics, US public opinion | No Comments »
August 8, 2011
European markets stabilised after the ECB began buying Italian and Spanish debt on Monday [AFP] The stock market ‘woes’ are symptomatic of the immorality of allowing people to deal in a created commodity like a company or corporation while they make no contribution to the company. The company or corporation only exists [...]
Tags: CAC 40, Dow Jones Industrial Average, European Central Bank, FTSE 100 Index, FTSE MIB, Hang Seng Index, Hong Kong, KOSPI, New York Stock Exchange, Nikkei-225, SSE Composite Index, Standard & Poor's
Posted in debate and discussion, Debt Crisis, Debt sham, Democracy, economic measures, Economics, Economy, Elites, Global capitalism and imperialism, Imperial Project, Imperialism, Political psychopaths, President of the World, Propaganda, Protests, Psycopaths, Spending Cuts, Standard and Poors, Stock market, US economy, US Politics, US public opinion | No Comments »
August 8, 2011
Chinese state media has criticised the west over the debt crisis but China has struggled to shift its economy towards domestic consumption. Photograph: Aly Song/Reuters Chinese state media has rammed home its economic warnings to the west, scolding Europe and the United States for spending beyond their means, and for Washington’s political battle over the [...]
Tags: Australia and New Zealand Banking Group, China, Chinese Academy of Social Sciences, Economist Intelligence Unit, Patrick Chovanec, People's Daily, Standard & Poor's, United States
Posted in China, China News Service | No Comments »
August 7, 2011
S&P August 6, 2011: S&P Warns of Potential Finance Meltdown Gerald Epstein: Real message of S&P downgrade of US debt outlook is threat of another meltdown of finance sector May 9, 11 Why Did S&P Issue Warning on US Bond Rating? Kevin Hall and Mark Weisbrot discuss reasons for Standard and Poor’s warning US could lose [...]
Tags: Bond credit rating, Credit rating agency, Finance, Mark Weisbrot, Moody's, Standard & Poor's, United States, United States public debt
Posted in Debt Crisis, Debt sham, Democracy, economic measures, Economics, Economy, Elites | No Comments »
August 7, 2011
Markets are anxiously looking for ECB to start buying Italian and Spanish debt to stabilise prices [AFP] The European Central Bank (ECB) has decided to intervene decisively on markets to respond to the escalating debt crisis, a eurozone monetary source said after a conference call between ECB and G7 finance ministers. Officials on the conference call [...]
Tags: David Cameron, European Central Bank, Finance minister, Jan Kees de Jager, Nicolas Sarkozy, Reuters, Standard & Poor's, United States
Posted in Debt Crisis, Debt sham, Democracy, economic measures, Economics, Economy, Elites, European, European debt Italy Greece, European Foreign Policy | No Comments »
August 7, 2011
A trader on the floor of the New York Stock Exchange. There is mounting fear on Wall Street that the US is at risk of sliding into long-term economic trouble. Photograph: Jin Lee/AP 9.43pm: We’re still waiting for the full ECB statement but it looks like a bond-buying spree is on the way. “The Euro [...]
Tags: Bank of England, David Blanchflower, European Central Bank, New York Stock Exchange, Nicolas Sarkozy, Standard & Poor's, Timothy Geithner, United States
Posted in Debt Crisis, Debt sham, Democracy, economic measures, Economics, Economy, elections, Elites | No Comments »
August 7, 2011
A Wall Street sign in front of the New York stock exchange. Recent events have changed the US as an unassailable economic superpower. Photograph: Lucas Jackson/Reuters When India joined China in criticising America’s chaotic handling of its hefty debts this weekend, describing the challenges facing the White House as “grave”, it was the clearest indicator yet [...]
Tags: Bank of England, China, European Central Bank, European Financial Stability Facility, Italy, Jean-Claude Trichet, Standard & Poor's, United States
Posted in debate and discussion, Debt Crisis, Debt sham, Democracy, disaster, Dissent, economic measures, Economics, Economy, elections, Elites, European, European debt Italy Greece, European Foreign Policy, Fascism, Germany, Germany new old politics, Global capitalism and imperialism, Global Food System, Human Rights, IMF, Imperial Project, Imperialism, Manufacturing Consent, Media, Media distortion, Media manipulation, melt down, Middle East, Military, Military madmen, NATO, Obama warmonger, oil, oil and gas resources, Peak oil, Political psychopaths, Poverty, President of the World, Propaganda, Psycopaths, UK, UK fascism, UK Foreign Policy, US economy, US Politics, US public opinion, voodoo rhythm economics, War and economics | No Comments »
August 7, 2011
Rude Awakening By Stephen Lendman - Posted on 06 August 2011 Rude Awakening – by Stephen Lendman In 2008, a protracted global depression began, criminally manufactured by Wall Street and Washington scoundrels, complicit with major European partners. Why? To permit greater financial and other corporate consolidation, more power, and ability to buy favored assets cheap, profiting [...]
Tags: Business, Economic, Paul Craig Roberts, Rahm Emanuel, Standard & Poor's, United State, Wall Street, Warfare and Conflict
Posted in Capital, Capital Project, Capitalism, Capitalism and debt | No Comments »
August 7, 2011
Standard & Poor’s headquarters in the financial district of New York. Photograph: Stan Honda/AFP/Getty Images The decision by ratings agency Standard & Poor’s to downgrade the debt of the world’s largest economy has sparked a ferocious debate in America. Politicians and pundits have piled into a gigantic blame game of who should carry the [...]
Tags: Barack Obama, Credit rating agency, Jay Carney, New York Times, Paul Krugman, Rick Santorum, Standard & Poor's, United States
Posted in Capital, Capital Project, Capitalism, Capitalism and debt, US economy, US elections, US Foreign Policy, US Politics, US public opinion, US war crimes, USA, voodoo rhythm economics | No Comments »
August 6, 2011
Stock markets across Europe and the US were in turmoil as a result of the debt crisis. Photograph: Stan Honda/AFP/Getty Images All the criminals in their coats and their ties, are free to drink Martinis and to watch the sunrise. The voodoo rhythm as played by the economists and the dishonest elites blares out a very [...]
Tags: Barack Obama, Dow Jones Industrial Average, European Central Bank, Federal government of the United States, José Luis Rodríguez Zapatero, Moody's, Nicolas Sarkozy, Royal Bank of Scotland Group, Standard & Poor's, United States, Wall Street
Posted in US economy, US Politics, US public opinion, voodoo rhythm economics | No Comments »
August 5, 2011
Barack Obama with ‘his Republican nemesis’, Speaker John Boehner, during a crisis meeting on US debt in July. Photograph: Jewel Samad/AFP/Getty Images ‘There are two superpowers in the world today,” the New York Times columnist Thomas Friedman declared in 1996. “There’s the United States and there’s Moody’s Bond Rating Service. The US can destroy you [...]
Tags: Barack Obama, Bond credit rating, David Beers, Financial Crisis Inquiry Commission, John Boehner, Moody's, Standard & Poor's, United States
Posted in Capital, Capital Project, Capitalism, Capitalism and debt, US economy, US elections, US Foreign Policy, US Politics, US public opinion | No Comments »
August 4, 2011
The raids took place on Wednesday as Silvio Berlusconi addressed parliament Photograph: Alessandro Bianchi/REUTERS As stock and bond markets across the world tumbled on fears about Italy and Spain, it emerged that police acting on orders from prosecutors had raided the Milan offices of rating agencies Moody’s and Standard & Poor’s as part of [...]
Tags: European Central Bank, FTSE MIB, Giulio Tremonti, Italy, Romano Prodi, Silvio Berlusconi, Standard & Poor's, Trani
Posted in Capital, Capital Project, Capitalism, Capitalism and debt | No Comments »
August 1, 2011
Kraft, the American food giant that bought up Cadbury, now has a better CDS rate then the US government. Photograph: Christopher Furlong/Getty Images The royal borough of Kensington and Chelsea, a handful of big companies and a selection of countries including the UK and Australia will be regarded as a safer bet for international investors [...]
Tags: Automatic Data Processing, ConocoPhillips, Credit rating agency, ExxonMobil, Kraft Foods, Standard & Poor's, United States, United States Treasury security
Posted in US economy, US elections, US Foreign Policy, US Politics, US public opinion, US war crimes, voodoo rhythm economics | No Comments »
July 17, 2011
Discussion on a deficit reduction deal has stalled after five consecutive days of negotiations between Republicans and Democrats. In order to borrow beyond August 2, the United States must raise its $14.3 trillion debt ceiling. This week, Standard & Poor’s became the second of the major credit rating agencies to place U.S. debt under review, [...]
Tags: Jeff Madrick, John Boehner, Mitch McConnell, New School, New York Review of Books, Republican, Standard & Poor's, United State
Posted in Capital, Capital Project, Capitalism, Capitalism and debt, Capitalism for Zombies, US economy, US Foreign Policy, US public opinion, USA | No Comments »
July 6, 2011
Tens of thousands of people have taken to Portugal‘s streets to protest against austerity measures [AFP] Portugal’s credit standing has been cut to junk by Moody’s Investors Service in the first such move by a credit ratings agency. Moody’s also warned on Tuesday that the country may well need a second round of rescue funds before it can [...]
Tags: Bond credit rating, Credit rating, European Union, Greece, International Monetary Fund, Moody's, Portugal, Standard & Poor's
Posted in Capital Project, Capitalism, Capitalism and debt, Capitalism for Zombies, Democracy, economic measures, Economics, Economy, Elites, Fascism, Human Rights, Imperial Project, Imperialism, Propaganda, Psycopaths, Regulating Democracy, Scientific madness, Scientific psychopaths, US economy, US elections, US Foreign Policy, US Politics, US public opinion, US war crimes | No Comments »
May 31, 2011
Fall in house prices raises fears for US economy • Recovery hit by drop in consumer confidence • US house prices back to 2002 levels Share9 Comments (35) Dominic Rushe guardian.co.uk, Tuesday 31 May 2011 17.17 BST Article history US house prices have fallen for the eighth month in a row. Photograph: Robert Galbraith [...]
Tags: Case–Shiller index, Conference Board, Consumer confidence, Consumer Confidence Index, Institute for Supply Management, Ken Goldstein, Las Vegas, Las Vegas Nevada, Real estate pricing, Reuters, Standard & Poor's, The Conference Board, United States, United States Department of Labor, United States housing bubble, Washington DC
Posted in Capital, Capital Project, Capitalism, Imperial Project, US economy, US elections, US Foreign Policy, US Politics, US torture; art and science, US war crimes, USA, voodoo rhythm economics, War, War Crimes, War is a crime, War on terror | No Comments »
May 8, 2011
In a recent video interview at the Real News site there is some very interesting information. The whole interview should be watched. You can do that at http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6731. It starts with the news that S & P has said a few things about the US economy. The witch doctors of financial boogie fever have spoken But they seem to [...]
Tags: Australia, Ben Bernanke, Bernanke, Economy of the United States, Federal Reserve System, God, International Monetary Fund, Julia Gillard, MarketWatch, Singapore Exchange, Standard & Poor's, United States, Wayne Swan
Posted in Al Jazeera, Al Qaeda, Anarchism, Assange, Atomics Corporation, Atzmon, Austerity, Australia, Australia Politics, Australian complicity in US warmongering policies and war crimes, Australian economy, Australian Foreign Policy, Australian Politics, Bakunin, BBC, BP, Bradley Manning, Capital, Capital Project, Capitalism, Chomsky, CIA, Climate change, Commentators, D Room, Democracy, Democracy Now!, economic measures, Economics, Economy, Education, Emma Goldmann, Erdogan, Escobar, European, European Foreign Policy, Fascism, Fisk, Foreign Policy, Fox News, Galeano, Gillard, Goldstone, Hillary, IMF, Imperial Project, Imperialism, Indigenous Australians, Israel, Japan, Jason Ditz, Labor, Leon Panetta, Libya, MI 6, Military, Military madmen, Monbiot, oil, Parliament, Pentagon, people's protests, Pilger, police, Predator Drone, Propaganda, Protest, Protests, Racism, Ray McGovern, Rudd, Rudolf Rocker, Rupert Murdoch, Sabrosky, Stateless socialism, Sustainable fishing is an oxymoron, Swanson, The Fourth Reich, Timor, Tom Dispatch, torture, UN, Uri Avnery, US economy, US elections, US Foreign Policy, US Politics, US war crimes, USA, Video, War, War Crimes, War is a crime, Waterboarding, Wikileaks, Womens' views and action | No Comments »
April 23, 2011
Kissinger Calls For US Ground Invasion Of Libya Paul Joseph Watson Prison Planet.com Friday, April 22, 2011 Related: Report: Bilderberg Wants Gas Prices at $7 a Gallon Image: Wikimedia Commons Despite the fact that the United States is embroiled in three major conflicts and can barely service its own gigantic debt, with [...]
Tags: Bilderberg Group, George Washington University, Henry Kissinger, Jim Tucker, Libya, Prison Planet.com, Standard & Poor's, Trilateral Commission, United States
Posted in antiwar.com, Australia, Australia Politics, Australian Foreign Policy, Australian Politics, Capital, Capitalism, Democracy, European, European Foreign Policy, Fascism, Imperial Project, Imperialism, Iran, Iraq, Labor, Libya, Middle East, Military, Military madmen, oil, Parliament, Propaganda, Qaddafi, Saudi Arabia, UK, UK Foreign Policy, UN, US economy, US elections, US Foreign Policy, US Politics, USA, War, War Crimes, War is a crime | No Comments »
April 19, 2011
Wall Street shares slump as S&P downgrades US debt outlook Ratings agency cuts long-term outlook from stable to negative for first time since Pearl Harbor attack 70 years ago Share1002 Larry Elliott, Economics editor The Guardian, Tuesday 19 April 2011 Article history Traders at the New York Stock Exchange see shares tumble as S&P [...]
Tags: Barack Obama, Credit rating agency, Dow Jones Industrial Average, Great Depression, Larry Elliott, New York Stock Exchange, Standard & Poor's, United State, United States, United States Treasury security, Wall Street
Posted in US economy, US elections, US Foreign Policy, US Politics, USA, War, War Crimes, War is a crime | No Comments »
We Keep Dancin’ To That Voodoo Rhythm
In a recent video interview at the Real News site there is some very interesting information. The whole interview should be watched. You can do that at http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6731. It starts with the news that S & P has said a few things about the US economy. The witch doctors of financial boogie fever have spoken But they seem to [...]
Tags: Australia, Ben Bernanke, Bernanke, Economy of the United States, Federal Reserve System, God, International Monetary Fund, Julia Gillard, MarketWatch, Singapore Exchange, Standard & Poor's, United States, Wayne Swan
Posted in Al Jazeera, Al Qaeda, Anarchism, Assange, Atomics Corporation, Atzmon, Austerity, Australia, Australia Politics, Australian complicity in US warmongering policies and war crimes, Australian economy, Australian Foreign Policy, Australian Politics, Bakunin, BBC, BP, Bradley Manning, Capital, Capital Project, Capitalism, Chomsky, CIA, Climate change, Commentators, D Room, Democracy, Democracy Now!, economic measures, Economics, Economy, Education, Emma Goldmann, Erdogan, Escobar, European, European Foreign Policy, Fascism, Fisk, Foreign Policy, Fox News, Galeano, Gillard, Goldstone, Hillary, IMF, Imperial Project, Imperialism, Indigenous Australians, Israel, Japan, Jason Ditz, Labor, Leon Panetta, Libya, MI 6, Military, Military madmen, Monbiot, oil, Parliament, Pentagon, people's protests, Pilger, police, Predator Drone, Propaganda, Protest, Protests, Racism, Ray McGovern, Rudd, Rudolf Rocker, Rupert Murdoch, Sabrosky, Stateless socialism, Sustainable fishing is an oxymoron, Swanson, The Fourth Reich, Timor, Tom Dispatch, torture, UN, Uri Avnery, US economy, US elections, US Foreign Policy, US Politics, US war crimes, USA, Video, War, War Crimes, War is a crime, Waterboarding, Wikileaks, Womens' views and action | No Comments »