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Contributed by J. R. Ransom
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 Saud & FDR "Franklin Roosevelt first looked ahead and saw that the United States eventually would become dependent and he was the one who pioneered a foreign policy based on oil.
"Roosevelt understood that oil was a decisive in America's victory in World War II. We triumphed over the Germans and Japanese true by military prowess and the leadership of our generals, but also because the US had a superior industrial capacity. We were able to produce so many thousands of tanks and planes and we had the petroleum to fuel those weapons whereas the Germans and Japanese did not..." |
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Contributed by J. R. Ransom
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 Jim Jubak It turns out the bankers who bought derivatives based on mortgages didn't read the fine print, says Jim Jubak, the Webs #1 investing columnist. Now they're learning that the senior investors who bought the safest pieces of the deals can grab all the cash flow and force other investors to sell.
"If you want to know why the financial crisis is going on for so long, why the banks can't put the sub-prime mortgage crisis behind them more quickly, focus on this. Just as individual homeowners got into trouble on their individual mortgages because they didn't really read or understand the fine print, it turns out the banks didn't read the fine print either. The didn't read the fine print on the derivatives, the packages of mortgages and the things based on the packages that they were buying and selling..." |
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Contributed by J. R. Ransom
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 Haitian Famine "Brasilian soldiers handed out food to the residents of a shanty town in Haiti on Tuesday in the calm of the rioting over food prices. No country has escaped the effects of escalating wheat and rice prices though the poorer nations like Haiti have been hardest hit."
Raj Patel: "Haiti at the moment is a place of incredible turmoil. For months, people in Haiti have been going hungry..."
"Recent rises in the price of rice have tipped people over the edge. Last week 5 people were killed in food protests - four protesters and one UN peace keeper. |
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Contributed by Taos News
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 Amy Goodman Amy Goodman reads the words of Dr. Martin Luther King, Jr: "A few years ago there was a shining moment in that struggle that seemed that there was a real promise of hope for the poor, both black and white, through the poverty program. There were experiments, hopes, new beginnings.
"Then came the build-up in Vietnam. And I watched this program broken and eviscerated as if it were some idle plaything of a society gone mad on the war. |
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Contributed by J. R. Ransom
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 Azizah 98% of Indonesia's lowland forest will be gone by the time Azizah is 25. Most is destroyed to make palm oil, which is used in Dove products.
Talk to Dove before it's too late.
Unilever, the makers of Dove beauty products, are buying palm oil from suppliers who destroy Indonesia's rainforests. We've got the proof. They're causing forest destruction, species extinction and climate change. |
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