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Omani Forces Break Up Demonstration
Omani forces have dispersed demonstrators who were blocking the road to a port in the northern industrial city of Sohar, where protests earlier this week turned deadly.
Reuters news agency quotes witnesses as saying one person was injured Tuesday when security forces fired warning shots into the air. Witnesses said tanks were also deployed.
The protesters had taken to the Read more…
The Chinese government started stockpiling food 3 years ago: What has the US government been doing beside spending money we don’t have?
I wrote this three years ago, when the Chinese were reportedly stockpiling food in their cities. The world economic and political situation has worsened. With rising food prices, massive unemployment, union protests and government debt driving states to the brink of shut down and bankruptcy, the situation has worsened–and we owe the Chinese more than ever. ED.
by Monica Davis
Rumor has it that the Chinese government is advising its cities to start stockpiling food and fuel. The government news agency reports that the central government has told the largest cities to stockpile at least two weeks of food, until the world economic turmoil caused by the banking industry’s foreclosure woes slows down. Lots of luck on that.
With China’s exposure in the twitchy American financial markets, it is no wonder that the Chinese are getting nervous. They have a lot at stake in the American economy, as do many foreign investors, past and present.
In a historical analysis of foreign investment in the United States, one writer notes that: Read more…
GOP budget cuts would kill 700,000 jobs: report
WASHINGTON – The Republican budget proposal to sharply cut federal spending would cost 700,000 jobs through 2012, according to the independent analyst Moody’s.
In a new report obtained Monday by the Washington Post, Moody’s Analytics chief economist Mark Zandi analyzes the House Republican budget proposal cutting spending by $61 billion this year and projects that it will curtail job growth.
“The House Republicans’ proposal would reduce 2011 real GDP growth by 0.5% and 2012 growth by 0.2%. This would mean some 400,000 fewer jobs created by the end of 2011 and 700,000 fewer jobs by the end of 2012,” Zandi concluded.
The numbers challenge the Read more…
58% Favor Government Shutdown Until Spending Cuts Are Agreed Upon
As Republicans and Democrats in Congress haggle over the budget, most voters would rather have a partial shutdown of the federal government than keep its spending at current levels.
A new Rasmussen Reports national telephone survey finds that just 33% of Likely U.S. Voters would rather have Congress avoid a government shutdown by authorizing spending at the same levels as last year. Fifty-eight percent (58%) says it’s better to have a partial shutdown until Democrats and Republicans can agree on what spending to cut. (To see survey question wording, click here.)
The partisan differences are striking. Fifty-eight percent (58%) of Democrats prefer avoiding a shutdown by going with current spending levels. But 80% of Republicans — and 59% of voters not affiliated with either major party — think a shutdown is a better option until Read more…
After the ecstasy of revolution, the Bankers quietly begin carving up Egypt and North Africa
By Richard Eastman
21st Century Wire
Feb 25, 2011
The European Bank for Reconstruction and Development (EBRD) is ready to lend one billion EUROS a year to Egypt for reconstruction and “free-market reform”- even as Egypt’s Minister of Finance Samir Radwan has gone begging to the City of London bankers and the British Ministry of Trade and Investment for relief on debt payments that are about to throw Egypt into bankruptcy.
All this, as Egypt has been such a good boy with regards to privatization and austerity, measures which awarded Egypt its celebrated 7 percent growth rate- mostly in investments that will end up in international hands as ventures fail to pay out with ever diminishing Egyptian domestic purchasing power.
FRESH CYCLES OF DEBT
First EBRD will lend at interest and build what they want backed by Egyptian collateral and the value of the projects themselves. Then when it turns out they can’t make the debt payments because of all the interest we have sucked from them, we take over all of the assets we have developed. That’s freedom and EBRD is really going to give it to them. After all EBRD is experienced at this. In 1991 the EBRD was organized to financially lead Russia and Eastern Europe in their transition from paternalistic socialism to sustainable free-market economies open to international Read more…
Saudi King Orders $37 Billion in Benefits to People To Quell Any Unrest
RIYADH (Reuters) – Saudi King Abdullah returned home on Wednesday after a three-month medical absence and unveiled benefits for Saudis worth some $37 billion in an apparent bid to insulate the world’s top oil exporter from an Arab protest wave.
The king, who had been convalescing in Morocco after back surgery in New York in November, stood as he descended from the plane in a special lift. He then took to a wheelchair.
Hundreds of men in white robes performed a traditional Bedouin sword dance on carpets laid out at Riyadh airport for the return of the monarch, thought to be 87.
Abdullah left his ailing octogenarian half-brother, Crown Prince Sultan, in charge during his absence.
Before Abdullah arrived, state media announced an action plan to help lower- and middle-income people among the 18 million Saudi nationals. It includes pay rises to offset inflation, unemployment benefits and affordable family housing.
Saudi Arabia has so far escaped popular protests against Read more…
Arrests as China web users call for revolution
As many as 100 high-profile Chinese activists and human rights lawyers have been rounded up by authorities, according to their supporters.
They are reportedly being held in custody without charges.
The detentions follow calls on the internet for Read more…
Global systemic crisis / World geopolitical breakup – End of 2011: Fall of the “Petro-dollar wall”
– Public announcement GEAB N°52 (February 16, 2011) –
Shocking! Unemployment shoots to 17.3%
© 2011 WorldNetDaily
Editor’s Note: The following report is excerpted from Jerome Corsi’s Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and senior managing director of the Financial Services Group at Gilford Securities.
The Bureau of Labor Statistics appears to be intentionally understating the current unemployment rate, most likely with an aim to bolstering the Obama administration’s claim that the unemployment rate is improving as jobs are created in a recovering economy, Jerome Corsi’s Red Alert reports.
In a news release on Feb. 4, the unemployment rate was reported to have fallen 0.4 percent to 9.0 percent in January 2011, even though only Read more…
Tens of thousands march against Yemen’s president
By AHMED AL-HAJ
Associated Press
SANAA, Yemen (AP) – Thousands of people marching for the ouster of Yemen’s U.S.-allied president clashed Tuesday with police and government supporters, and at least three demonstrators were injured in a fifth straight day of Egypt-inspired protests.
Police tried to disperse the demonstrators using tear gas, batons and stun guns, but about 3,000 protesters defiantly continued their march from Sanaa University toward the city center, chanting slogans against President Ali Abdullah Saleh, including “Down with the president’s thugs!”
The procession gained momentum with hundreds of students and rights activists joining along the way.
The unrest comes as ties between the U.S. and Saleh have been Read more…
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