I just finished Matt Taibbi's Rolling Stone piece, The Great American Bubble Machine.
I found it a truly amazing piece of journalism - something that ought to be on the required reading list of every voter - every taxpayer. Perhaps most shocking of all, quite apart from the unmitigated greed and psychopathology of the Goldmanite bankers, is the subterfuge, acquiescence and the complete lack of moral courage of nearly all our public regulatory officials and our elected representatives.
In a July 29 editorial entitled “The Military Is Not the Police,” the New York Times stated, “It was disturbing to learn the other day just how close the last administration came to violating laws barring the military from engaging in law enforcement when President George W. Bush considered sending troops into a Buffalo suburb in 2002 to arrest terrorism suspects…. More needs to be done to ensure that the military is not illegally deployed in this country.”
Saudi Arabia has dismissed calls by the US government to mend relations with Israel to help restart peace talks between the Israel and the Palestinians.
The US president has extended sanctions against certain Syrian and pro-Syrian individuals, due to what he called their continued interference in neighbouring Lebanon.
The US economy contracted at a slower rate than expected in the second quarter of 2009, raising hopes that some recovery from the longest domestic recession on record could be in sight.
The US government has reached a deal in principle with Switzerland in its attempt to get the names of thousands of Americans suspected of evading taxes by making deposits in UBS, the major Swiss bank.
Corazon Aquino was a reluctant political leader, thrust into the political limelight after the exile and subsequent assassination of her husband Benigno "Ninoy" Aquino, an opposition senator.
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