In case you missed the news, Brazil has deposed Britain as the sixth largest economy in the world, according to the annual world economic league table compiled by the Centre for Economic and Business Research.Britain’s steady economic and industrial decline is one of the most remarkable events of the past century, on a par with…
IF you needed confirmation that the Gillard Government did the right thing in awarding the Australian Network contract to the ABC, pick up a copy of today’s Australian, the local flagship of the Murdoch empire. (December 7, 2011). The decision to leave the $223 million contract with the ABC and to resist the temptation to…
The wire story about the “arrest” of Seif al-Islam Gaddafy doesn’t stack up. It looks more like he has been abducted for ransome.Why? Well, he’s been captured by a Berba military unit and taken to the Berba mountain capital, Zintan.They played a leading role in the fighting to overthrow Gaddafy and they want a slice…
Don’t be alarmed by the hue and cry over the remark by French President Nicholas Sarkozy to President Barack Obama that Israeli Prime Minister Benyamin Netanyahu is a liar. That scathing description of “Bibi” Netanyahu is widespread in the corridors of world power. Among the Israeli elite and its commentariat the contempt for the…
The international bankers have stiff-armed the Greek Government and forced Prime Minister George Papandreou to drop the planned people’s referendum on the Euro zone bail-out. The decision to put the poverty-inflicting measures to a vote followed a marathon session of ministers and senior members of the ruling PASOK, the Pan Hellenic So…cialist Party, which ended…
The media has been aghast at the temerity of Greek Prime Minister George Papandreou to call a referendum on the EU bail-out plan.Listening to the aggrieved cries of TV and radio commentators and reading the outraged reaction of newspaper columnists has been a weird experience. They find abhorrent Papandreou’s plan to hold a popular vote…
On August 15, 1971, US President Richard Nixon changed the world capitalist economic order. What happened that day is the starting point of any understanding of the desperate crisis striking at the heart of the system in Europe and the United States. At a stroke, Nixon cancelled the convertibility of the dollar into gold which had underwritten…
