Brown and Darling commit £500 billion for bank bailout

Gordon Brown and Alistair Darling set out a radical £500 billion package today to restore confidence in the UK banking sector and break the crippling logjam in credit markets.

The three-part package includes committing up to £50 billion of taxpayer funds for a partial nationalisation of stricken banks, met from increased public borrowing and with political strings attached that would include reining in executive pay.

In addition, the Bank of England will pump at least £200 billion into the money markets under its existing Special Liquidity Scheme. The Government is also making a further £250 billion available for banks over the next three years to guarantee medium-term debt to help restore confidence and get banks lending to each other again.

Read moreBrown and Darling commit £500 billion for bank bailout

Europe fights financial storm as bank deal collapses


Nicolas Sarkozy (C) flanked by Angela Merkel (L) and Gordon Brown

PARIS (AFP) – The leaders of Europe’s four main economic powers vowed to protect fragile banks in their fight against the global credit crisis as the biggest rescue in German financial history collapsed.

France, Germany, Britain and Italy put on a united front, promising a more coordinated approach to the credit crunch, although Germany’s Chancellor Angela Merkel insisted states would mainly act individually.

Read moreEurope fights financial storm as bank deal collapses

U.K. to Protect Bradford & Bingley; BBC Reports Nationalization

Sept. 28 (Bloomberg) — The U.K. government will act to protect Bradford & Bingley Plc customers, Chief Whip Geoff Hoon said after the British Broadcasting Corp. reported the country’s biggest lender to landlords will be taken over by the state.

Prime Minister Gordon Brown and Chancellor of the Exchequer Alistair Darling “have worked right through this weekend to sort out the problems we’re facing,” Hoon, a parliamentary officer, told Sky News today. “I’m confident that in due course there will be a statement from the Treasury about Bradford & Bingley. We will act to ensure that the interests of depositors are properly protected.”

The government will take control of Bradford & Bingley, whose shares have tumbled 93 percent this year, the BBC reported on its Web site, without saying where it got the information. The Treasury and Financial Services Authority will negotiate with banks interested in buying parts of the Bingley, England-based bank, the BBC said. Possible buyers include Banco Santander SA, HSBC Holdings Plc and Barclays Plc, the report said.

Read moreU.K. to Protect Bradford & Bingley; BBC Reports Nationalization

Markets face major crash if US bail-out plan collapses

There will be a depression anyway, but if the bailout “succeeds” there will be a complete meltdown in the not too distant future. Again the elite is pressing the fear button.
_____________________________________________________________________________


World markets depend on Paulson’s plan Photo: GETTY

London shares could lose a fifth of their value and the money market faces collapse unless US politicians succeed with their financial bail-out plan, it has been warned.

A leading investor predicted that the FTSE 100 could drop by as much as 1,000 points on Monday if Treasury Secretary Hank Paulson’s $700bn (£380bn) plan fails. Such a fall would come close to matching the stock market crash of 1987.

The warning came as markets lurched their way to the end of another fraught week amid fears that the White House rescue operation could be derailed in Congress by conservative Republicans.

Read moreMarkets face major crash if US bail-out plan collapses

UK: Taxes will soar in credit crisis


An office worker looks at a screen showing trading on the FTSE 100 index

TAXPAYERS in Britain face up to 5p in the pound in extra taxes because of the credit crunch created by the banks, leading economists have warned.

After a week of unprecedented financial turmoil, they predict that government borrowing is about to surge as the Treasury’s tax take is slashed by a slump in earnings from the City and the downturn.

Leading forecasters say the government will soon be forced to borrow as much as £100 billion a year, giving Britain easily the biggest budget deficit of any western country.

Any tax rises would come on top of increases imposed by Gordon Brown when he was chancellor. He repeatedly raised indirect “stealth” taxes while leaving income tax unchanged. Taxes went up by 3% of national income, equivalent to more than 10p on the basic rate of income tax.

The warning coincides with news that American executives of the failed Lehman Brothers bank, parts of which were taken over by Barclays last week, will still receive millions in bonuses.

Read moreUK: Taxes will soar in credit crisis

Der Spiegel: DID SAAKASHVILI LIE?

Part1: The West Begins to Doubt Georgian Leader

Five weeks after the war in the Caucasus the mood is shifting against Georgian President Saakashvili. Some Western intelligence reports have undermined Tbilisi’s version of events, and there are now calls on both sides of the Atlantic for an independent investigation.

AP
Georgia’s President Mikhail Saakashvili visits Gori last week.

Read moreDer Spiegel: DID SAAKASHVILI LIE?

Pakistan: Army ordered to hit back


Corps commanders discuss latest US strategy

RAWALPINDI: The Pakistan Army has been ordered to retaliate against any action by foreign troops inside the country, Geo News quoted ISPR spokesman Maj Gen Athar Abbas as saying on Thursday night.

Shakil Shaikh adds from Islamabad: Pakistan’s military commanders resolved to defend the country’s borders without allowing any external forces to conduct operations inside Pakistan.

Read morePakistan: Army ordered to hit back

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Sept. 2 (Bloomberg) — European Union leaders refused to impose sanctions on Russia over the invasion of Georgia, acknowledging their reliance on Russian oil and gas at a time of faltering economic growth.

EU leaders took the symbolic step yesterday of suspending talks over expanded trade ties with Russia, fearing that tougher measures would expose the energy-dependent bloc to Russian retaliation.

Russia is the 27-nation bloc’s main supplier of oil and gas and third-biggest trading partner, giving it leverage at a time when the European economy threatens to tip into recession. Europe’s determination to maintain business links also undercuts U.S. efforts to line up allies against the reassertive Russia.

Read moreEU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Home Office: Recession will bring big rise in crime and race hatred

Ministers are bracing themselves for a rise in violent crime and burglaries and a shift to far-right extremism as the effects of the economic downturn take their toll, a leaked Home Office report to the Prime Minister says.

In a series of warnings, the Home Secretary, Jacqui Smith, says that Britain also faces a “significant increase” in alcohol and tobacco smuggling, hostility towards migrants and even a potential rise in the number of people joining terrorist groups.

Read moreHome Office: Recession will bring big rise in crime and race hatred

Darling: UK facing worst economic crisis in 60 years


Alistair Darling is under pressure to come up with solutions to the crisis

The UK is facing its worst economic crisis in 60 years, Chancellor Alistair Darling has admitted.

He told the Guardian newspaper that the economic downturn would be more “profound and long-lasting” than most people had feared.

Using strong language, Mr Darling acknowledged voters were angry with Labour’s handling of the economy.

Shadow chancellor George Osborne said Mr Darling had “let the cat out of the bag” about the state of the economy.

Read moreDarling: UK facing worst economic crisis in 60 years

The Orwellian nightmare is here

In the Queen’s speech this autumn Gordon Brown’s government will announce a scheme to institute a database of every telephone call, email, and act of online usage by every resident of the UK. It will propose that this information will be gathered, stored, and “made accessible” to the security and law enforcement agencies, local councils, and “other public bodies”.

This fact should be in equal parts incredible and nauseating. It is certainly enraging and despicable. Not even George Orwell in his most febrile moments could have envisaged a world in which every citizen could be so thoroughly monitored every moment of the day, spied upon, eavesdropped, watched, tracked, followed by CCTV cameras, recorded and scrutinised. Our words and web searches, our messages and intimacies, are to be stored and made available to the police, the spooks, the local council – the local council! – and “other public bodies”.

Read moreThe Orwellian nightmare is here

Georgia ‘overrun’ by Russian troops as full-scale ground invasion begins

  • Gordon Brown urges Moscow to order a ceasefire
  • Putin lashes out at the U.S. for ‘helping Georgia’
  • Georgia ‘restarts shelling’ after ceasefire call ignore
  • Refugee crisis as 40,000 flee

Georgian officials tonight claimed the country had been ‘overrun’ by Russian troops after a full-scale ground invasion.

Amid reports that Moscow forces had taken the town of Gori – and were marching on the capital Tsblisi – Georgian soldiers appeared to be in full retreat.

Troops were apparently in complete chaos as a full-scale rout pushed them back through the countryside.

Meanwhile, the civilian crisis intensified with thousands of refugees fleeing the seemingly unstoppable advance of the Russian army.

Georgia Georgia
An unidentified Georgian woman cries after finding out that her child was killed in a neighbouring village, in the town of Gori

Around 9,000 soldiers and 350 tanks had been massing at a base in the border region of Abkhazia throughout the day.

Read moreGeorgia ‘overrun’ by Russian troops as full-scale ground invasion begins

6,700 Tons of Radioactive Debris Shipped From Kuwait to Idaho

6700 Tons of Radioactive Debris Shipped From Kuwait to Idaho
The shipment across the ocean, unloading at Longview, Washington State port, transport by rail, and burial in Idaho endangers not only the residents of these areas but poses a significant agricultural threat through introduction of pests, microbes, etc. foreign to our nation.

Doug Rokke, Ph.D. – BLN Contributing Writer

(Note: Dr. Doug Rokke is the former Director of the U.S. Army’s Depleted Uranium Project. It was his task to clean up the radioactive battlefields of the Gulf War. Today, this leading opponent of nuclear warfare is vitally concerned that sand contaminated by radioactive munitions exploded in the Middle East has been shipped to Idaho for burial. And more, much more. He asked me to call his warning to public attention.)

During the summer of 1991, the United States military had collected artillery, tanks, Bradley fighting vehicles, conventional and unconventional munitions, trucks, etc. at Camp Doha in Kuwait.

As result of carelessness this weapons depot caught fire with consequent catastrophic explosion resulting in death, injury, illness and extensive environmental contamination from depleted uranium and conventional explosives.

Recently the emirate of Kuwait required the United States Department of Defense to remove the contamination. Consequently, over 6,700 tons of contaminated soil sand and other residue was collected and has been shipped back to the United States for burial by American Ecology at Boise Idaho.

When Bob Nichols, an investigative journalist, and I contacted American Ecology we found out that they had absolutely no knowledge of U.S. Army Regulation 700-48, U.S. Army PAM 700-48, U.S. Army Technical Bulletin 9-1300-278, and all of the medical orders dealing with depleted uranium contamination, environmental remediation procedures, safety, and medical care .

They had never heard of U.S. Environmental Protection Agency guidelines for dealing with mixed – hazardous waste such as radioactive materials and conventional explosives byproducts. (reference “Approaches for the Remediation of Federal Facility Sites Contaminated with Explosives or Radioactive Wastes”, EPA/625/R-93/013, September 1993).

The shipment across the ocean, unloading at Longview, Washington State port, transport by rail, and burial in Idaho endangers not only the residents of these areas but poses a significant agricultural threat through introduction of pests, microbes, etc. foreign to our nation.

Sadly the known adverse health and environmental hazards from uranium weapons contamination are in our own backyard. The EPA has listed the former Nuclear Metals- Starmet uranium weapons manufacturing site in Concord Ma. On EPA’s Superfund National Priority List because it poses a significant risk to public health and the environment.

Related articles:
Over 70,000 deaths, and over 1 million disabilities among American soldiers attributed to Iraq Wars says U.S. government data
IRAQ: ‘Special Weapons’ Have a Fallout on Babies
War-related birth defects in Fallujah
Cheney can only call Iraq a success if he has a mindset like Hitler
Wartime PTSD cases jumped roughly 50 pct. in 2007
Soldier suicides could trump war tolls: US health official
The Weapon of Mass Destruction Is Cancer

Read more6,700 Tons of Radioactive Debris Shipped From Kuwait to Idaho

U.K. to Begin Harvesting Organs from Dead Patients Without Consent!

(NaturalNews) British Prime Minister Gordon Brown has announced his support for the harvesting of organs from dead patients without prior consent, and said that he hopes for such a policy change to take place within the year.

“A system of this kind seems to have the potential to close the aching gap between the potential benefits of transplant surgery in the United Kingdom and the limits imposed by our current system of consent,” Brown wrote in the Sunday Telegraph.

With a waiting list for organs 8,000 patients long, and 1,000 people dying each year due to organ unavailability, the U.K. has announced plans to overhaul its organ donation system. As part of this new effort, doctors and nurses will be pressured to identify more organ donors ahead of time and to alert organ donation coordinators as patients approach death. The government seeks to appoint a doctor in each hospital as a donation “champion,” to be paired with a lay person who can do outreach on the topic.

The government admits that a conflict of interest might occur when doctors are encouraged to view still-living patients as potential organ sources.

Read moreU.K. to Begin Harvesting Organs from Dead Patients Without Consent!

Britain: EU agrees to freeze Iran bank’s assets


US President George W. Bushand British Prime Minister Gordon Brown (AP)

LONDON (AP) – Britain will freeze assets of Iran’s largest bank in a further move to discourage the country from developing nuclear weapons, Prime Minister Gordon Brown said Monday.

Brown, speaking at a news conference with President Bush, said Britain will work to persuade Europe to follow suit.

The British leader said that assets of Iran’s Bank Melli would be frozen. Last year, the United States accused the bank of providing services to Iran’s nuclear and ballistic missile programs.

“Action will start today in new phase of sanctions on oil and gas,” Brown said. “We will take any necessary action so that Iran is aware of the choice it needs to make.”

The U.S. and some of its allies accuse Iran of trying to develop nuclear weapons. Iran denies that, saying its atomic program is aimed at using nuclear reactors to generate electricity.

The U.N. Security Council has imposed three sets of limited sanctions against Iran for refusing to halt uranium enrichment, a technology that can both produce nuclear fuel and turn out the material needed for nuclear warheads.

The third round of U.N. sanctions passed in March introduced financial monitoring of Bank Melli and another bank with purported links to suspect Iranian nuclear activities, Bank Saderat.

Brown said his government wanted to do all it could to maintain a dialogue with Tehran.

“But we are also clear that if Iran continues to ignore (United Nations) resolutions, to ignore our offers of partnership, we have no choice but to intensify sanctions,” the prime minister said.

“I will repeat that we will take any necessary action so that Iran is aware of the choice it has to make – to start to play its part as a full and respected member of the international community, or face further isolation.”

Read moreBritain: EU agrees to freeze Iran bank’s assets

Anti-war protesters banned from demonstrating against Bush

London police have announced a ban on anti-war campaigners hoping to protest against President George Bush’s visit to Downing Street this Sunday. The Whitehall ban has been immediately condemned as a “totalitarian act” by the playwright Harold Pinter, while Stop the War organisers are urging people to defy it and to demonstrate nearby in Parliament Square.

In what is supposed to be a free country the Stop the War Coalition has every right to express its views peacefully and openly. This ban is outrageous and makes the term ‘democracy’ laughable,” Pinter said today.

Lindsey German, a leader of the Stop the War Coalition, said: “It seems that when George W Bush visits this country traditional rights of assembly are to be removed from the people.
We are calling on those who care for our democratic rights to come to Parliament Square at 5pm on Sunday 15 June. Some of those who signed statements accusing Bush of war crimes will be leading this protest.

“George Bush has been dictating British foreign policy for many years. Now it appears his security services are determining our rights of protest. This is a disgrace and we will challenge the ban.”

Read moreAnti-war protesters banned from demonstrating against Bush

Prime Minister Gordon Brown warns of global oil ‘shock’

Related video: The Energy Non-Crisis by Lindsay Williams

British Prime Minister Gordon Brown warned Wednesday that the world faced an era-defining oil “shock” that required urgent action, as European leaders struggled to contain growing protests over soaring fuel prices.

“It is now understood that a global shock on this scale requires global solutions,” Brown wrote in The Guardian newspaper.

Record oil prices of around 135 dollars a barrel have contributed to protests worldwide over the rise in fuel and food costs, with fishermen and truck drivers taking the lead in Europe, blocking ports and road access to oil depots.

“However much we might wish otherwise, there is no easy answer to the global oil problem without a comprehensive international strategy,” Brown said, adding that the problem should be made a “top priority” at the EU summit next month and the gathering of G8 leaders in July.

“The way we confront these issues will define our era,” he said.

Brown’s warning came a day after French President Nicolas Sarkozy urged a Europe-wide cut in consumer taxes on fuel and Portugal’s economy minister Manuel Pinho called on the Slovenian head of the European Union to hold an urgent debate on the crisis.

Read morePrime Minister Gordon Brown warns of global oil ‘shock’

MI6 chief visits Mossad for talks on Iran’s nuclear threat

THE head of MI6, Sir John Scarlett, is to visit Israel later this month as Britain forges closer links with Mossad, the Israeli intelligence service.

Iran’s nuclear programme is expected to be high on the agenda in an intelligence-sharing process described by Israeli officials as a “strategic dialogue”. It is building on long-standing cooperation between MI6 and Mossad, both of which have extensive spy networks in the Middle East.

Scarlett, 59, is likley to be briefed by Meir Dagan, 63, the head of Mossad, on Israel’s latest information about the Iranian nuclear programme. It is understood that Israel has made a breakthrough in intelligence-gathering within Iran.

There is mounting concern in Israel that Iran’s nuclear capability may be far more advanced than was recognised in a declassified assessment by the US National Intelligence Estimate last December, which concluded that Iran had halted its nuclear weapons development programme in 2003 in response to international pressure.

One source claimed the new information was on a par with intelligence that led Israel to discover and then destroy a partly constructed nuclear reactor in Syria last September.

Israeli officials believe the US will revise its analysis of Iran’s programme. “We expect the Americans to amend their report soon,” a high-ranking military officer said last week.

Israel’s foreign minister, Tzipi Livni, briefed Gordon Brown and David Miliband, the foreign secretary, on Israel’s findings during talks on the Middle East in London last week. Israeli intelligence officers, en route from Washington where they had been outlining their latest information to American officials, joined Livni for the briefing.

It is thought that if Israel were considering military action against Iran over its nuclear programme, it would want to ensure it had diplomatic support in London and Washington because of the danger of triggering a wider Middle East conflict.

“We’re doing a lot of things about Iran,” Ehud Barak, Israel’s defence minister, said last week. “We say we shouldn’t rule out any option. Not ruling out options means action, but the worst thing to do at the moment is to talk [about it].” Whitehall officials said Scarlett’s visit was “routine”.

May 4, 2008
Uzi Mahnaimi

Source: The Times

Food riots to worsen without global action: U.N.

ROME (Reuters) – Food riots in developing countries will spread unless world leaders take major steps to reduce prices for the poor, the head of the United Nations Food and Agriculture Organisation (FAO) said on Friday.

Despite a forecast 2.6 percent hike (This is disinformation.) in global cereal output this year, record prices are unlikely to fall, forcing poorer countries’ food import bills up 56 percent and hungry people on to the streets, FAO Director General Jacques Diouf said.

“The reality is that people are dying already in the riots,” Diouf told a news conference.

“They are dying because of their reaction to the situation and if we don’t take the necessary action there is certainly the possibility that they might die of starvation. Naturally people won’t be sitting dying of starvation, they will react.”

The FAO said food riots had broken out in several African countries, Indonesia, the Philippines and Haiti. Thirty-seven countries face food crises, it said in its latest World Food Situation report.

Read moreFood riots to worsen without global action: U.N.

No food price relief seen for poor Afghans

KABUL, April 14 (Reuters) – Impoverished Afghans struggling with rising wheat prices are not expected to get any relief soon with no sign prices are going to come down, a United Nations official said on Monday.

Top finance and development officials from around the world called in Washington on Sunday for urgent action to stem rising food prices, warning that social unrest will spread unless the cost of basic staples is contained.

Afghanistan is one of the world’s poorest countries with half its 25 million people living below the poverty line.

Wheat prices in Afghanistan have risen by an average of 60 percent over the last year with certain areas seeing a rise of up to 80 percent, the U.N. World Food Programme (WFP) said.

Read moreNo food price relief seen for poor Afghans

British fear US commander is beating the drum for Iran strikes

British officials gave warning yesterday that America’s commander in Iraq will declare that Iran is waging war against the US-backed Baghdad government.

A strong statement from General David Petraeus about Iran’s intervention in Iraq could set the stage for a US attack on Iranian military facilities, according to a Whitehall assessment. In closely watched testimony in Washington next week, Gen Petraeus will state that the Iranian threat has risen as Tehran has supplied and directed attacks by militia fighters against the Iraqi state and its US allies.

General David Petraeus: British fear US commander is beating the drum for Iran strikes
General Petraeus: recent attacks on the green zone used Iranian-provided, Iranian-made rockets

Read moreBritish fear US commander is beating the drum for Iran strikes

Water will be source of war unless world acts now, warns minister

The world faces a future of “water wars”, unless action is taken to prevent international water shortages and sanitation issues escalating into conflicts, according to Gareth Thomas, the International Development minister.The minister’s warning came as a coalition of 27 international charities marked World Water Day, by writing to Gordon Brown demanding action to give fresh water to 1.1 billion people with poor supplies. “If we do not act, the reality is that water supplies may become the subject of international conflict in the years ahead,” said Mr Thomas. “We need to invest now to prevent us having to pay that price in the future.”

His department warned that two-thirds of the world’s population will live in water-stressed countries by 2025. The stark prediction comes after the Prime Minister said in his national security strategy that pressure on water was one of the factors that could help countries “tip into instability, state failure or conflict”.

water_20855t.jpg

Read moreWater will be source of war unless world acts now, warns minister

Brown publishes first national security strategy

Britain faces an unprecedented array of threats, from ambitious terrorist plots and cyber-spies stealing national secrets to diseases and flooding, the country’s first security strategy has concluded.Gordon Brown delivered a stark warning over the complexity and scale of the risks faced by Britain, saying that nowhere was safe from the impact of terrorism, war, instability, climate change, poverty, mass population movements and international crime.

Read moreBrown publishes first national security strategy

UK Top Cop Who Led CIA Probe Found Dead

MANCHESTER, England (AP) – A city police chief who led an investigation into charges that Britain cooperated with secret CIA flights to transport terrorism suspects without formal proceedings has been found dead, his deputy said Tuesday.

Manchester Chief Constable Michael Todd, 50, was found dead in Snowdonia, about 240 miles northwest of London, Deputy Chief Constable Dave Whatton said. He had been missing since going out for a walk Monday during his day off.

police-chief-michael-todd.jpeg
Greater Manchester Police Chief Constable Michael Todd, left, with Britain's
Prime Minister Gordon Brown is seen outside Greenheys Police station in Manchester,
England, in this Nov. 16, 2007 file photo.
Todd, one of Britain's leading police chiefs who led an investigation into charges
that Britain cooperated with the CIA's secret renditions has been found dead,
in Snowdonia, about 240 miles (380 kilometers) northwest of London, according to
Deputy Chief Constable Dave Whatton.
He had gone missing after going for a walk Monday during his day off, Whatton said.
His body was found the following afternoon on a mountain trail. He added that the
body had not yet been formally identified but that he believed it was Todd.
(AP Photo/Dave Thompson/PA/file)

Read moreUK Top Cop Who Led CIA Probe Found Dead