In the first part of this exposé, I examined the origins and recent history of the Group of Thirty as a highly influential institution in the arena of global financial governance, bringing together top central bankers, financiers, policymakers and academics in the world of economic and monetary affairs.
More than three decades since it was founded in 1978, the Group of Thirty has maintained its reputation as a prominent institution in the financial world, continuing to produce influential reports and advocate for policies which are largely accepted and implemented across the globe.
Nelson Mandela died peacefully at 8:50pm last Thursday, December 5, 2013, in his Johannesburg home. The South African President called him a son of Africa and father to the new nation of South Africa. Tributes are pouring in particularly from the western world so it is easy to forget what it thought of him even thirty years ago. He was the first Commander-in-Chief of ANC’s military wing, forced into this role by the South African government’s savage attacks on unarmed demonstrators engaged in peaceful acts of civil disobedience.
Long labeled a terrorist and his African National Congress outlawed, …
The recent interim accord between the six world powers and Iran has been hailed as an “historic breakthrough”, a “significant accomplishment” by most leading politicians, editorialists and columnists (Financial Times, (FT) 11/26/13, p. 2), the exceptions being notably Israeli leaders and the Zionist power brokers in North America and Western Europe (FT 11/26/13, p. 3).
What constitutes this “historic breakthrough”? Who got what? Did the agreement provide for symmetrical concessions? Does the interim agreement strengthen or weaken the prospects for peace and prosperity in the Gulf and …
I was born without teeth — and there Richard III had the advantage of me; but I was born without a humpback, likewise, and there I had the advantage of him.
– Mark Twain
In his recent best-seller, David and Goliath: Underdogs, Misfits, and the Art of Battling Giants, Malcolm Gladwell covers the subject — and the frequent success — of ordinary people who tilt at extraordinary opponents or forces. In other words, instances where a disadvantage become an advantage. Gladwell’s point is that it happens quite frequently …
“Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in those wielding economic power and the sacralized workings of the prevailing economic system.”
a.) Sen. Bernie Sanders
b.) Karl Marx
c.) Archbishop Desmond Tutu
d.) Pope Francis
e.) Dr. Martin Luther King, Jr.
Each answer is plausible but Pope Francis penned these words. He’s also written that “In this …
Of the many, many crimes for which our trusted leaders should be doing serious jail time arguably the most egregious of them all is theft – from those who trust them most. After all, it’s not as if they need the money.
To a young person there’s not a lot of difference between a sixty-year-old and a seventy-year-old: they’re both ancient. So when it was casually announced that young people will now have to work until they’re seventy years old before they can retire, it wasn’t too surprising that some young people reacted with a shrug of the shoulders. …
What are the Regional Foreign Policy Consequences?
by Murray Hunter / December 7th, 2013
The largely Anglophile Singapore is an anomaly in South-East Asia. It has staunch connections with the US and Israel, and a network of varied corporate interests all around the world. Singapore is a small primarily non-Muslim city-state surrounded predominantly by much larger Muslim countries. Sovereignty disputes upon the South China Sea are ongoing, and unpredictable events like Sulu militants invading Lahad Datu in Sabah continue to occur. Singapore’s security is of prime importance to the nation.
December 23 marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed. At the least, Congress needs to amend the Fed, modifying the Federal Reserve Act to give the central bank the tools necessary to carry out its mandates.
The Federal Reserve is the only central bank with a dual mandate. It is charged not only with maintaining low, stable inflation but with promoting maximum sustainable employment. Yet unemployment remains stubbornly high, despite four years of radical tinkering with interest rates and quantitative easing (creating money on …
The nostalgia of elderly veterans looking back on months or years of their youth spent in US military uniform fighting in some exotic smaller nation thousands of miles from home is certainly not uncommon. Far less common are US veterans who fully realize the suffering caused by their shooting and bombing in someone else’s beloved country; invariably, it is a country already having been made poor a century earlier by the plundering of speculative colonial investment banks which invested similar military occupation.
The warm camaraderie felt among army buddies in danger can be a fond memory of men who …
According to the tale called The Iliad, the Greek god of war, named Ares, was “The most hateful of all gods….” Indeed, his father Zeus commanded him: “Do not sit beside me and whine, you double-faced liar.” Zeus treated him like this because Ares reveled in bloodshed and his only attributes were those that are the worst in humankind. Unfortunately since, the days of Olympus, war has defined the human race as much, if not more, than any of its other, often more positive elements.
In one of his final speeches as president, retired general and US president Dwight …
We have all heard by now of the massive surveillance being conducted by the NSA and other governments across the world. China is a well-known anti-privacy country and others have decided to also spy on their citizens’ social network activities amongst other things. The Internet censorship trends are getting pretty bad.
Privacy has been dealt a severe blow with the advent of technology. Before all the high-tech stuff we use today, government agencies had to physically tap our phone lines and/or bug our homes, social gathering venues, plant moles in political groups, and this all usually happened with some …
And the Tributes of Shameful Hypocrisy from Obama, Clinton, Cameron, and Blair
by Felicity Arbuthnot / December 6th, 2013
Accusing politicians or former politicians of “breathtaking hypocrisy” is not just over used. It is inadequacy of spectacular proportions. Sadly, searches in various thesauruses fail in meaningful improvement.
The death of Nelson Mandela, however, provides tributes resembling duplicity on a mind altering substance.
President Obama, whose litany of global assassinations by Drone, from infants to octogenarians – a personal weekly decree we are told, summary executions without Judge, Jury or trial – stated of the former South African’s President’s passing:
We will not likely see the likes of Nelson Mandela again … His acts of reconciliation … set an example that all
Both the words “environment” and “violence” have so many meanings, that they require some definition of how they can be of use in the context of a struggle for social justice. Regarding the word violence, according to Merriam Webster, one definition is “the use of brute strength to cause harm to a person or property”; a definition that doesn’t seem to have an immediately obvious connection to ecological issues associated with climate change, loss of biodiversity and various forms of pollution.
An increasing number of environmental activists, myself included, regard the word “environment” with some suspicion, generally preferring the term “ecological.” …
those who write the narrative and who win the military and marketing and financial wars . . . . give us better living through chemistry
“It’s a story with mythological resonance,” says Steven Aftergood, director of the project on government secrecy at the Federation of American Scientists and the publisher of Secrecy News, an e-mail newsletter. “It reflects the view that knowledge is power and some kinds of knowledge have destructive power. The notion that the boundaries of knowledge are defined by what is published by Science and Nature is quaint,” he said, referring to the journals. “For
Unfortunately, Britain is gradually plunging into the depths of moral deterioration and social decadence day in and day out as it refuses to make concrete efforts to curb the escalating trend of racism and hate crimes.
A recent egregious instance of racism in Britain is the brutal murder of an Iranian man named Bijan Ebrahimi at the hands of a group of extremist thugs who beat him unconscious and set fire to his body in Brislington, Bristol while he was still alive. Bijan was a disabled Iranian national who was wrongly labeled as a pedophile by neighbors “after photographing youths …