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This Week's News in Review: To March 16thWe started out the week with the not surprising news that the FAA let Southwest Airlines slide on critical safety inspections, and the FDA observed unsanitary spinach packers, and took no action. Both of these incidents are typical of a corrupted polity. The simple truth is that as long as corporate bribes fill our politician's pockets, our health and safety, as well as our rights and treasure, will be used to subsidize corporate profits.
Defending corruption was not limited to the FAA and FDA this week. The state department could not have known on the 11th, when they released their list of the world's wost human rights violators, which omitted china, that tibetan monks were going to get feisty, and resist china's occupation. The US has moved so far in the direction of using torture, committing war crimes, and supporting dictatorships and tyranical regimes like china's, that we no longer have any credibility as a global defender of human rights. On the 12th china closed their side of everest, and on the 13th lhasa had an anti-china riot. It appears that chinese troops are once again in full control of tibet. We have assisted the chinese police state by sending them our jobs, money, and the technology necessary to run a police state. And we took them off the list of the world's worst human rights violators. It appears that we should take their place on this list, as the global leader of human rights violations. The US and our allies are the greatest threats to freedom and democracy in the world today.
The week started off great for stocks, when the fed dumped around a quarter of a trillion dollars of bailout liquidity into the american private banking system and the credit markets. This is corporate welfare for the richest and most powerful financial companies in the world, for those of you who are unclear on what just happened. Markets around the world were not placated. Global markets appeared more concerned about the damage to the dollar's value that the liquidity and the anticipated upcoming fed rate cut would entail. (The feds are expected to cut rates by up to one full point this week) Despite the fed's massive infusion of cash, markets and the dollar continued their steep declines the day after the infusion.. The upcoming week has a good possibility of providing record declines in our major stock indexes.
Other interesting events this week include the esquire article which prompted the commander of all our forces in the middle east to quit. The article reported that Fallon stood against the neocon's crazy plan to attack iran.
The quick rise and fall in tempertures between ecuador, colombia, and venezeula was amazing. More information about the mexican students killed in the raid has been emerging.
hamas offered a cease-fire, the us relented and has given egypt the green light to open talks with hamas, but israel's response was yet more military attacks on civilian populations. for the rest of the corruption updates from this last week, go to committeefordemocracy.org
Submitted by alexwierbinski on Sun, 03/16/2008 - 06:19.
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