Banks to Seize Carlyle Capital Assets

NEW YORK — The likely liquidation of Carlyle Capital Corp.’s remaining assets sent the fund’s shares plummeting more than 90 percent Thursday and rattled stock markets around the globe. It was also a high-profile setback for private equity fund Carlyle Group.

Carlyle Capital said late Wednesday that it expected creditors to seize all of the fund’s remaining assets _ investment-grade mortgage-backed securities _ after unsuccessful negotiations to prevent its liquidation.

Its shares, which went public at $19 a share in July and traded at $12 just last week, tumbled 93.6 percent to 18 cents on the Euronext exchange.

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My Forbidden Fruits (and Vegetables)

IF you’ve stood in line at a farmers’ market recently, you know that the local food movement is thriving, to the point that small farmers are having a tough time keeping up with the demand.But consumers who would like to be able to buy local fruits and vegetables not just at farmers’ markets, but also in the produce aisle of their supermarket, will be dismayed to learn that the federal government works deliberately and forcefully to prevent the local food movement from expanding. And the barriers that the United States Department of Agriculture has put in place will be extended when the farm bill that House and Senate negotiators are working on now goes into effect.

As a small organic vegetable producer in southern Minnesota, I know this because my efforts to expand production to meet regional demand have been severely hampered by the Agriculture Department’s commodity farm program. As I’ve looked into the politics behind those restrictions, I’ve come to understand that this is precisely the outcome that the program’s backers in California and Florida have in mind: they want to snuff out the local competition before it even gets started.

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The Microchip is here !!! – New World Order

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The VeriChip can provide medical and identity information when scanned.
Derek, his mom Leslie and his dad Jeffrey are the first volunteer test subjects for a new, implantable computer device called VeriChip. Later this spring, pending Food and Drug Administration approval, doctors will load a wide-bore needle with a microchip containing a few kilobytes of silicon memory and a tiny radio transmitter and inject it under the skin of their left arms, where it will serve as a medical identification device. It sounds like science fiction. (Remember the Borg on Star Trek? Resistance is futile!) But VeriChip is quite real. The Jacobs family could be the first in a new generation of computer-enhanced human beings.

In case you missed reading this earlier …

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‘Fox’ Fallon Fired – And we’re f*cked…

 

“If, in the dying light of the Bush administration, we go to war with Iran,” says the March Esquire, “it’ll all come down to one man. If we do not go to war with Iran, it’ll come down to the same man.” The piece describes this top military figure as the last obstacle to the Bush administration’s persistent push for war with Iran: “It’s left to” him and him “alone … to argue that, as he told al-Jazeera last fall: ‘This constant drumbeat of conflict … is not helpful and not useful. I expect that there will be no war, and that is what we ought to be working [for].'”That was Adm. William “Fox” Fallon speaking, top U.S. commander in the Middle East, last of the Vietnam vets in the high command, and, yes, the very same Adm. Fallon who has just submitted his resignation as head of Central Command. What makes this particularly ominous is that, according to former Defense Intelligence Agency analyst Patrick Lang, Fallon told him, upon taking over at Centcom, that war with Iran “isn’t going to happen on my watch.” Lang asked him how he thought he could stop it: “‘I have options, you know,’ Fallon responded, which Lang interpreted as implying Fallon would step down rather than follow orders he considers mistaken.”

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The Global Water Crisis And The Coming Battle For The Right To Water

The following is an excerpt of Chapter 5 in Maude Barlow’s latest book, Blue Covenant: The Global Water Crisis and the Coming Battle for the Right to Water

The Future of Water

The three water crises – dwindling freshwater supplies, inequitable access to water and the corporate control of water – pose the greatest threat of our time to the planet and to our survival. Together with impending climate change from fossil fuel emissions, the water crises impose some life-or-death decisions on us all. Unless we collectively change our behavior, we are heading toward a world of deepening conflict and potential wars over the dwindling supplies of freshwater – between nations, between rich and poor, between the public and the private interest, between rural and urban populations, and between the competing needs of the natural world and industrialized humans.

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Water Is Becoming a Growing Source of Conflict Between Countries

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Empire on the Brink: Republicans and “Free Market” Zealots Bring Disaster to America

March 13, 2008
By PAUL CRAIG ROBERTS

March 12. Crude oil for April delivery hit $110 per barrel. The US dollar fell to a new low against the Euro. It now takes $1.55 to purchase one Euro.

These new highs against the dollar are the ongoing story of the collapse of the US dollar as world reserve currency and corresponding collapse of American power.

Each new decision from the insane Bush regime pushes the dollar a little further along to oblivion. The same Fed announcement that boosted the stock market on March 11 sent the dollar reeling and the price of oil up. The Fed’s announcement that it and other central banks are going to deal with the derivative crisis by monetizing $200 billion of the troubled instruments signaled more dollar inflation.

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Watching the Dollar Die

By Paul Craig Roberts

13/03/08 “ICH ” — – I’ve been watching the dollar die all my life. I sometimes think I will outlast it.

When I was a young man, gold was $35 an ounce. Today one ounce gold bullion coins, such as the Canadian Maple Leaf, cost more than $1,000.

Our coinage was silver. Our dimes, quarters, and half dollars had purchasing power. Even the nickel could purchase a candy bar, ice cream cone or soft drink, and a penny could purchase bubble gum or hard candy. If a kid could collect 5 discarded soft drink bottles from a construction site, the 2 cents deposit on the returnable bottles was enough for the Saturday afternoon movie. Gasoline was 32 cents a gallon. A dollar’s worth was enough for a Saturday night date.

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The Day After the Bombing of Iran

Imagine yourself sitting down transfixed and watching video footage of U.S. bombs hitting Iran. You see children ripped limb from limb, mothers screaming and wailing, people panicked, tortured, traumatized, and killed. Imagine asking yourself at that point: What was I doing these past many months that I thought was more important than preventing this?Now ask yourself today: What am I doing that is more important than ending the ongoing hell of the U.S. occupation of Iraq?

Are you struggling to support your family? So are many, many other people who still find hours and days to commit. While congress members and senators have the gall to tell constituents that opposing Pelosi or Reid and cutting off the funding lies outside their “comfort zone,” citizens are going without sleep, ruining marriages and friendships, losing money, fasting, and risking serious jail time for nonviolent protests. Are those children hit by the bombs living within a “comfort zone”?

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World warned on high food costs – BBC NEWS

UN Secretary General Ban Ki-moon has said he is deeply concerned about the sharp rise in global food prices.

Mr Ban said the trend would hinder progress towards the millennium development goals (MDGs), which aim to halve extreme poverty by 2015.

The UN World Food Program (WFP) and other agencies may be forced to ration food aid, he said in a BBC interview.

He said shortages might be eased by a “green revolution” to transform farming methods in Africa.

Global food prices have risen by 40% in nine months and food reserves are at their lowest for 30 years.

The WFP is facing a $500m (£248m) shortfall in its attempts to feed 73 million people this year.

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