More than 100 countries back Iran’s nuclear program

TEHRAN, Iran (AP) – More than 100 nonaligned nations backed Iran’s right to peaceful uses of nuclear power on Wednesday, an endorsement sought by Tehran in its standoff with the U.N. Security Council over its refusal to freeze uranium enrichment.

The decision came as supreme Iranian leader Ayatolla Ali Khamenei pledged to continue the country’s nuclear program.

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EU agrees to go beyond U.N. sanctions on Iran

The U.S. would see this as an act of war, if someone would do it to them.
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BRUSSELS (Reuters) – The European Union has agreed to go beyond United Nations sanctions on Iran, instructing its financial institutions to exercise “restraint” on export credits and allowing its navies to inspect all Iran-bound cargoes, a senior diplomat said on Wednesday.

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Cheney considered a ‘False Flag Attack’ to start war with Iran

EXCLUSIVE: To Provoke War, Cheney Considered Proposal To Dress Up Navy Seals As Iranians And Shoot At Them

Speaking at the Campus Progress journalism conference earlier this month, Seymour Hersh – a Pulitzer-Prize winning journalist for The New Yorker – revealed that Bush administration officials held a meeting recently in the Vice President’s office to discuss ways to provoke a war with Iran.

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The Last Hurrah for the Banking System

The Bush administration will be mailing out another batch of “stimulus” checks in the very near future. There’s no way around it. The Fed is in a pickle and can’t lower interest rates for fear that food and energy prices will shoot to stratosphere. At the same time, the economy is shrinking faster than anyone thought possible with no sign of a rebound. That leaves stimulus checks as the only way to “prime the pump” and keep consumer spending chugging along. Otherwise business activity will slow to a crawl and the economy will tank. There’s no other choice.
The daily barrage of bad news is really starting to get on people’s nerves. Most of the TV chatterboxes have already cut-out the cheery stock market predictions and no one is praising the “impressive powers of the free market” anymore. They know things are bad, real bad. A pervasive sense of gloom has crept into the television studios just like it has into the stock exchanges and the luxury penthouses on Manhattan’s West End. That same sense of foreboding is creeping like a noxious cloud to every town and city across the country. Everyone is cutting back on non-essentials and trimming the fat from the family budget. The days of extravagant impulse-spending at the mall are over. So are the “big ticket” purchases and the “go-for-broke” trips to Europe. Consumer confidence is at historic lows, disposal income is a thing of the past, and all the credit cards are at their limit. The country is drowning in red ink.

Read moreThe Last Hurrah for the Banking System

Washington Mutual: Soon to fail

WaMu’s Bloated Asset Values Don’t Fool Investors

July 30 (Bloomberg) — With goodwill like Washington Mutual Inc.’s, it’s no wonder investors are getting such bad feelings about the company’s finances. Shares of the Seattle-based savings and loan have fallen 89 percent the past year to $4.43, leaving the company with a $7.6 billion stock-market value. The stock’s plunge must be a horrible mistake if we are to believe the values WaMu attributes to the assets on its balance sheet.

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Rising food prices pushing east Africa to disaster

More than 14 million people in the east Africa region require urgent food aid due to drought and spiralling cereal and fuel prices, aid agencies say.

In an emergency appeal launched today, Oxfam warns that millions of people in Ethiopia, Somalia, Uganda, Djibouti and Kenya are fast being pushed “towards severe hunger and destitution”. Earlier this week the UN said it needed £200m to avert a humanitarian disaster.

The hunger crisis is worse than the last regional emergency in 2006, when drought caused 11 million people to need assistance, because of the added impact of the global food price increases. Poor families are struggling to buy staples such as maize and wheat, which have more than doubled in price over the past 12 months.

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Sheikh flies Lamborghini 6,500 miles to Britain for oil change

His black-and-gold supercar costs £3,552 to service at an approved dealer – on top of the £20,000 to freight from Qatar to Britain. Source: Sun

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“In previous droughts most people on the margins found ways to cope,” said Peter Smerdon, of the World Food Programme. “But the simultaneous increase in food prices this time around means they are cutting down on meals and taking their kids out of school in order to try to get by. More people are falling over the edge.”

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Strike on Iran still possible, U.S. tells Israel

Ehud Barak, the Israeli defense chief, is visiting as Washington is perceived to be softening its stance toward Tehran.

July 30, 2008 WASHINGTON — Bush administration officials reassured Israel’s defense minister this week that the United States has not abandoned all possibility of a military attack on Iran, despite widespread Israeli concern that Washington has begun softening its position toward Tehran.

In meetings Monday and Tuesday, administration officials told Defense Minister Ehud Barak that the option of attacking Iran over its nuclear program remains on the table, though U.S. officials are primarily seeking a diplomatic solution.

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Queen’s stockbroker raided, biggest ever crackdown on insider trading

The Queen’s stockbroker Cazenove has been caught up in Britain’s biggest ever crackdown on insider trading.

Eight people were arrested in dawn raids yesterday by the City watchdog the Financial Services Authority.

Cazenove admitted that one of the arrested worked at its London offices as a sub-contractor.

A 40-strong team from the FSA swooped on addresses in London and the South East with back-up from City of London police.

Cazenove, the Queen’s stockbroker, has been at the centre of police raids into insider trading

They are believed to have seized computers and paperwork.

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The New York Times: Making Nuclear Extermination Respectable

On July 18, 2008 The New York Times published an article by Israeli-Jewish historian, Professor Benny Morris, advocating an Israeli nuclear-genocidal attack on Iran with the likelihood of killing 70 million Iranians – 12 times the number of Jewish victims in the Nazi holocaust:

” Iran ‘s leaders would do well to rethink their gamble and suspend their nuclear program. Barring this, the best they could hope for is that Israel ‘s conventional air assault will destroy their nuclear facilities. To be sure, this would mean thousands of Iranian casualties and international humiliation. But the alternative is an Iran turned into a nuclear wasteland.”

Morris is a frequent lecturer and consultant to the Israeli political and military establishment and has unique access to Israeli strategic military planners. Morris’ advocacy and public support of the massive, brutal expulsion of all Palestinians is on public record. Yet his genocidal views have not precluded his receiving numerous academic awards. His writings and views are published in Israel ‘s leading newspapers and journals. Morris’ views are not the idle ranting of a marginal psychopath, as witnessed by the recent publication of his latest op-ed article in the New York Times.

Read moreThe New York Times: Making Nuclear Extermination Respectable

Nuclear-Powered Amphibious Assault Ships?

Most new large U.S. Navy amphibious assault ships would be required to be nuclear powered under the National Defense Authorization Act for 2009 which the House of Representatives has passed by a vote of 384 to 23. It now goes to the Senate where many senators are uneasy about the scheme as is the Navy and the shipbuilding industry in the U.S.

As to safe-energy and environmental advocates, “This reckless plan gives ‘we’ll fight them on the beaches’ a whole new sinister meaning,” says Linda Gunter of Beyond Nuclear of the Nuclear Policy Research Institute. “If one of these amphibious ships is hit, or has an accident, we would be fighting a tide of radioactivity on beaches that could leave them contaminated indefinitely.”

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