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PolEconJournal Posts

Democracy spells trouble for U.S. in Pakistan

When John Negroponte travels abroad, he expects to be listened to. The current U.S. deputy Secretary of State, formerly Director of National Intelligence (appointed in 2005), made a name for himself in the 1980s, as ambassador to Honduras from 1981 to 1985. He was intimately involved in the brutal war against Nicaragua conducted by the “contras” as a proxy for Negroponte’s boss, Ronald Reagan.[1] But when Negroponte and assistant secretary of state Richard Boucher landed in Pakistan March 24, they were given the cold shoulder. The visit came just after the spectacular election defeat for dictator (and U.S. ally) Pervez…

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The man who excommunicated Bush and Blair

The war in Iraq “indicates that leaders of the invading states did not listen to the church, and hence, we deem them excommunicates and perverted.”[1] These were the words of Father Attallah Hanna in April 2003. He was expressing the outrage of Palestinian Christians over the invasion of Iraq. As a result of this excommunication, George Bush, then Defence Secretary Donald Rumsfeld, Tony Blair, and Blair’s then foreign minister Jack Straw, were banned from visiting the Church of the Nativity in Bethlehem, one of the Christianity’s holiest sites. March 29, Attallah Hanna took his anti-war message to more than 600…

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‘I wouldn’t call it radical – I’d call it being Black in America’

Old sermons by Jeremiah Wright, Barack Obama’s former pastor, have caused a storm of outrage to sweep through the presidential campaign in the United States. It is really a storm of hypocrisy. The outrage should be saved for the conditions faced by African Americans, conditions that remain appalling long after the end of slavery and Jim Crow. In one of the sermons, Wright says: “The government gives them [African Americans] the drugs, builds bigger prisons, passes a three-strike law and then wants us to sing ‘God Bless America.’ No, no, no, God damn America, that’s in the Bible for killing…

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No campaign for poor men (or women)

Democracy – a word we derive from the Greek: demos (the common people); kratos (rule) – hence democracy: rule of the common people.[1] Except there is nothing very common at all about the obscene wealth being used to try and “democratically” elect the most powerful man (or woman) in the world. The average cost to date in the race to become the Republican candidate for U.S. president is $32,283,430. This isn’t surprising, as the Republicans are the “right-wing” pro-corporate party. But their union-backed “alternative”? Average cost per candidate to date is $44,847,149 for the Democratic Party.[2] Let’s be clear –…

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Return of the Cold War?

February 21, a three-stage Navy SM-3 missile hit a satellite the size of a school bus, and blew it to pieces.[1] The bizarre explanation for this from the Pentagon, was that they were concerned for peoples’ health. The fuel tank on the satellite (which was falling out of orbit) contains several hundred pounds of something called hydrazine, which is a health hazard. Don’t believe the “health” explanation. The missile strike marks a serious escalation in the arms race, a race that may have slowed after the end of the Cold War, but never really went away. First, the hydrazine “threat”…

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Venezuela: The spectre of Big Oil

FEBRUARY 21, 2008 – “Never again will they rob us – the ExxonMobil bandits. They are imperial, American bandits, white-collared thieves. They turn governments corrupt, they oust governments. They supported the invasion of Iraq.”[1] This was the response from Venezuelan president Hugo Chávez to the successful lawsuit by the world’s biggest corporation (ExxonMobil), freezing $12 billion in assets of Venezuela’s state-owned oil company, PDVSA – a serious escalation in Big Oil’s long running dispute with Chávez and the movement he represents. ExxonMobil isn’t suing PDVSA because it needs the money. The world’s largest publicly traded corporation recorded profits of $40.6-billion…

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Louis Riel Day

The children of Manitoba are more astute than the professional politicians who rule Ontario. Those politicians, in their wisdom, decided that Ontario’s new long overdue February holiday would be called “Family Day”. By contrast, when 100 schools in Manitoba were given a choice, among the random and funny holiday names submitted (ranging from “Bison Break” to “Winnipeg Jets Day”), fully eleven schools chose “Louis Riel Day”.[1] And so today, February 18 2008, Manitobans get a day off in honour of a man, who on November 16, 1885, was executed[2] for standing up against the first expressions of Canadian imperialism. The…

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George Habash – ‘These borders will fall’

The sad passing of George Habash January 26, is an opportunity to learn the lessons from his long life of struggle. In the 1970s at the peak of his influence, he embodied the hopes of thousands struggling to win Palestine freedom against the forces of imperialism, Israeli militarism and capitalism. Often known as “Al Hakim” (the doctor or wise man),[1] Habash was born in 1925 or 1926 in Lydda Palestine. Like many Palestinians, his hometown has “vanished” – what was Lydda, Palestine now being called Lod, Israel.[2] When only 22, he was “witness to the ethnic cleansing of his home…

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U.S. economy – Taking the pulse

JANUARY 7, 2008 – Getting a picture of something as complex as the economy of the U.S. – the world’s – is not an easy matter. An earlier post showed that it is completely misleading to paint such a picture using only the “simple” figures of annual growth of Gross Domestic Product (GDP). To only use these “simple” GDP figures, you arrive at the ridiculous conclusion, pictured in the first graph of this article, that today’s U.S. economy is twice as big as in 1995, four times as big as in 1983, eight times as big as in 1976, 16…

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U.S. economy – The disappearance of growth

“I’m here to tell you … the U.S. economy is in a recession,” said Sherry Cooper, chief economist for BMO Financial Group, speaking to the Canadian Club of Ottawa January 22.[1] Yet it is only November 29 that the Associated Press reported that the U.S. economy “barreled ahead in the summer, growing at a 4.9 percent annual rate.”[2] How does an economy go from barreling in one quarter, to slump in the next? The 4.9 percent figure comes from the Bureau of Economic Analysis (BEA), who offers a table which offers simple percentages of annual growth rates in GDP by…

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