The sovereign debt crisis is moving up a gear this weekend. As the fundamentals of the eurozone crisis remain unaddressed, as opposed to superficial remedies for the symptoms, the failure to raise the US debt ceiling within the next 4 days, which looks increasingly likely, could seriously destabilise the global financial system since American treasury […]
Posts Tagged ‘US’
A triple whammy on the economy?
Jul 25th, 2011 by Michael Meacher.While world attention has been drawn to the deepening Murdoch scandal and the horrors of the Norwegian massacre, an unseen and even more dangerous scenario is taking shape. In the US, EU and UK – for very different reasons in each case – the economy is threatened by a slow-burn economic collapse. In the US […]
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What happens if the US defaults?
Jun 27th, 2011 by David Osler.Having a former Merrill Lynch boss caution against irresponsibility is somewhat akin to hearing Beyonce’s choreographer laying into excessively raunchy dance routines. But Richard Bernstein, once chief investment strategist at the collapsed investment bank, is sincerely convinced that the US should not go into technical default. Yet that is just what could happen in early […]
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Boris Johnson thinks Obama’s a bit of a mobster too
May 9th, 2011 by Jon Lansman.Last week, Ken Livinstone, defending the rule of law, said that the manner of the killing of Bin Laden “undermines any commitment to democracy and trial by jury and makes Obama look like some sort of mobster.” For this, he was denounced by “moderate” Labour bloggers — “the madness of Ken’s attack on Obama” and […]
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Bin Laden, extra judicial killing – and the shining example that was Nuremburg
May 9th, 2011 by Mark Seddon.In the days of the Wild West, the posters used to read ‘Wanted! Dead or Alive’. Now in the White House we must presume they read, ‘Wanted! Dead, Not Alive!’ This is the image that President Obama and his administration have conveyed through the bizarre but officially sanctioned photograph showing them watching the military operation […]
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What Bin Laden’s death really means
May 3rd, 2011 by Michael Meacher.Osama Bin Laden’s killing is a huge symbolic victory for the US, but just that – symbolic. Al Qaeda always was, and remains, a quintessentially decentralised organisation and over the last decade Bin Laden has never been able to sustain any significant organisational capability because of the risk of electronic detection. To that extent his […]
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UK Uncut goes global
Apr 4th, 2011 by Jon Lansman.UK Uncut may be targetted for politically-motivated arrests in the UK but it hasn’t stopped the movement going global. US Uncut has also become well-established very quickly, coast-to-coast, picking up a constituency keen to counter the Tea Party brigade. Canada Uncut is also now established in cities across Canada. However, there are now also groups […]
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Everything you’ve read about the Lockerbie saga is false
Feb 9th, 2011 by Michael Meacher.Not for the first time the Lockerbie narrative is being distorted out of all recognition for political ends, by the US-UK governments in the 1990s, by the UK Government and the Scottish Executive in 2009, and now by Cameron in his statement on Tuesday. Cameron’s line was that Labour “had done all it could to facilitate” the […]
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British paranoia over “special relationship”
Dec 6th, 2010 by Mark Seddon.According to the latest Wikileaks, Conservative party politicians lined up before the general election last May to promise that they would run a “pro-American regime” and buy more arms from the US if they came to power this year. The leaked Embassy dispatches also reveal – in what the Guardian says is “in humiliating detail” […]
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Is America Flirting With Fascism?
Nov 4th, 2010 by Mark Seddon.To watch from afar as the drama of the US mid term elections unfolded as a Brit who has lived in America, likes America and likes Americans, is deeply frustrating. At one level there is puzzlement, at another there is deep concern and still at another there is a feeling that to comment is to […]
