Monday, August 14, 2006

What the Hell Has Happened to the Army?
by Uri Avnery

WATCHING LEBANON
Washington’s interests in Israel’s war.
by SEYMOUR M. HERSH
The Middle East expert said that the Administration had several reasons for supporting the Israeli bombing campaign. Within the State Department, it was seen as a way to strengthen the Lebanese government so that it could assert its authority over the south of the country, much of which is controlled by Hezbollah. He went on, “The White House was more focussed on stripping Hezbollah of its missiles, because, if there was to be a military option against Iran’s nuclear facilities, it had to get rid of the weapons that Hezbollah could use in a potential retaliation at Israel. Bush wanted both. Bush was going after Iran, as part of the Axis of Evil, and its nuclear sites, and he was interested in going after Hezbollah as part of his interest in democratization, with Lebanon as one of the crown jewels of Middle East democracy.”

Saturday, August 12, 2006

How London's Terror Scare Looks From Beirut
I was amused to see that Bush--just before my electricity was cut off again--still mendaciously tells us that the "terrorists" hate us because of "our freedoms". Not because we support the Israelis who have massacred refugee columns, fired into Red Cross ambulances and slaughtered more than 1,000 Lebanese civilians--here indeed are crimes for Paul Stephenson to investigate--but because they hate our "freedoms".
LOUD AND CLEAR
The ABA House of Delegates ended the association’s 2006 annual meeting with a bang on Tuesday, adopting two key policy recommendations on issues touching on the current debate over the federal separation of powers.
After a sharp debate that highlighted the two-day session of the policy-making House, delegates voted to oppose the "misuse" of presidential signing statements

Quick Overview

  • The U.S. Commerce Department said retail sales rose 1.4% in July, more than expected and the best in six months. Excluding autos, sales were up 1.0%, also more than expected.

  • Airlines warned the British government Saturday the country's air travel is grinding to a halt because of tough new antiterrorisms security wants.

  • Japan's Q2 GDP fell to an annualized 0.8% and Q1 was revised lower to 2.7% from 3.1%


  • The Bank of Japan kept its interest rate unchanged at 0.25%.


  • French Q2 GDP rose sharply by 1.2% QoQ, which was a 5-year high and was much stronger than expected

  • The USDA's U.S. 2006-2007 ending stocks estimate for:
    Corn was increased from 1.077 to 1.232 billion bushels.
    Soybeans were reduced from 560 to 450 million bushels.
    Wheat was reduced from 438 to 434 million bushels.
    Sugar was increased from 979,000 to 1,609,000 tons.
    Cotton was reduced from 4.90 to 4.70 million bales.

  • The USDA's world 2006-2007 ending stocks estimate for:
    Corn was increased from 91 to 93 million tons.
    Soybeans were reduced from 53 to 50 million tons.
    Wheat was reduced from 133 to 128 million tons.
    Cotton was increased from 47 to 48 million bales.

Collapse of the Flanks
by William S. Lind
One pointer to a shift in the tactical balance is the comparative casualty counts. According to the Associated Press, as of this writing Lebanese dead total at least 642, of whom 558 are civilians, 29 Lebanese soldiers (who, at least officially, are not in the fight) and only 55 Hezbollah fighters. So Israel, with its American-style hi-tech "precision weaponry," has killed ten times as many innocents as enemies. In contrast, of 97 Israeli dead, 61 are soldiers and only 36 civilians, despite the fact that Hezbollah’s rockets are anything but precise (think Congreves). Israel can hit anything it can target, but against a Fourth Generation enemy, it can target very little. The result not only points to a battlefield change of some significance, it also raises the question of who is the real "terrorist." Terror bombing by aircraft is still terror.

Friday, August 11, 2006

U.S. Lags World in Grasp of Genetics and Acceptance of Evolution
“American Protestantism is more fundamentalist than anybody except perhaps the Islamic fundamentalist, which is why Turkey and we are so close,” said study co-author Jon Miller of Michigan State University.

Economy Often Defies Soft Landing
To reduce inflation to the upper limits of what Mr. Bernanke and other Fed officials consider acceptable, more than three million jobs would be lost, a bigger drop than in the recession of 2001.

Thursday, August 10, 2006


Proposed War Crimes Act protection for Bush administration would apply retroactively
“I think what this bill can do is in effect immunize past crimes. That's why it's so dangerous,” said a third attorney, Eugene Fidell, president of the National Institute of Military Justice.
Baghdad Morgue Tallies 1,815 Bodies in July


A Bush family tradition
The deficit may be down, but government is growing.

Quick Overview

  • US Initial Jobless Claims out at 319K versus 315K expected.

  • The U.S. department of Commerce, announced that total June exports of $120.7 billion and imports of $185.5 billion resulted in a goods and services deficit of $64.8 billion, $0.2 billion less than the $65.0 billion in May. This is the fifth largest deficit on record.

  • China's producer price index rose 3.6% YoY in July

  • MoM Australia's unemployment rate fell to 4.8% in July.

  • Canada's trade surplus grew by 14.6% in June to 4.7 bln cd, compared with 4.1 bln in May.

  • South Korea today unexpectedly raised its benchmark rate by 25 bp to a 5-year high of 4.5% in response to inflation fear.

  • China's July trade surplus rose to another record high of $14.6 billion, exports up +22.6% YoY and imports up +19.7% YoY.

  • Japan's July producer price index rose 3.4% YoY -- the strongest gain in 25 years.

  • YoY Peru's trade surplus widened to $767 million in June from $479.

  • The unemployment rate in New Zealand improved from 3.9% to a record low 3.6% in the second quarter.

  • The DoE said that underground supplies of natural gas were down 12 billion cubic feet to 2.763 trillion cubic feet. YoY supplies are up 12%.
The Resistance Always Increases
Now one may rightfully argue that fighting germs and fighting humans is not the same thing. For starters, humans are generally considered to be
smarter than germs. Germs develop resistance by dumb luck. Humans
do this too, but at least occasionally, intelligence also plays a role.
Germs have a hard time communicating their knowledge to other living
germs. Humans have cell phones not to mention other, more antiquated
modes of communication. Humans employ chemical weapons against
germs, but generally avoid using such weapons of mass destruction
against other humans. So when it comes to developing resistance, it is
safe to say that humans are at least on par with germs.

Why Do They Hate Us?

After 9/11, the greatest fear that U.S. officials had was that the American people would figure out that U.S. foreign policy was at the root of the terrorist attacks and thus demand a total reevaluation of U.S. foreign policy. That might well have meant an end to all foreign aid to the Middle East and a withdrawal of U.S. forces from the region. That could have obviously meant a significant diminution of the U.S. government’s overseas empire and the military-industrial complex, along with the enormously high taxes needed to pay for it all. Thus, it’s not surprising that U.S. officials immediately went on the propaganda attack after 9/11 in order to divert people’s attention from U.S. foreign policy and toward the “freedom-and-values” motivation for the 9/11 attacks.

Wednesday, August 09, 2006

~ Summit of Indigenous Nations Sign Resolution to Rescind the Doctrine of Discovery (Papal Bulls of 1493) ~

The Indigenous Nations have resolved, here at the base of Mato Paha (Bear Butte), that the Pope of the Catholic Church and the Queen of England and the Archbishop of Canterbury rescind these doctrines of discovery as they have justified and paved the legal way for the dispossession of aboriginal land title and the subjugation of non-Christian people to the present. It has been resolved by 23 Nations and NGO’s and 100 individual signatories that the “doctrine of discovery is a legal and political fiction in violation of the rights of Indigenous People’s which has resulted in and continues to oppress indigenous people’s in the Western Hemisphere.
Foreclosure filings up 34% in Palm Beach County
Clients these days are from such well-to-do areas as The Acreage and Wellington, he said. "They're mostly (middle class) people who have financed it to the hilt, and there's really not much you can do for them."
Sixty percent of Americans oppose Iraq war: poll
It was the CNN poll's highest number opposing the war since fighting began in March 2003,

War Crimes Act Changes Would Reduce Threat Of Prosecution
The Bush administration has drafted amendments to a war crimes law that would eliminate the risk of prosecution for political appointees, CIA officers and former military personnel for humiliating or degrading war prisoners..


As Lebanon’s Fuel Runs Out, Fears of a Doomsday Moment Almost one month into the siege of Lebanon, with a land, sea and air blockade by Israel choking off the country, fuel reserves have all but dried up.

Quick Overview

  • Sweden AMS unemployment rate July, at 5.2% versus 5.3% expected.

  • Norwegian Retail Sales MoM June, at -1.1% versus -1.2% expected.

  • Norwegian Unemployment rate (AKU) May, at 4.6% versus 3.9% expected.

  • UK Visible trade balance June, at -6463 versus -6200 expected.

  • US MBA Mortgage Applications Aug, out at 4.95 showed the housing industry still has a pulse and the housing sector may be able to stabilize now that mortgage rates have stopped rising.

  • Canadian Housing starts July, at 236.5k versus 225.0K expected.

  • Machinery orders in Japan +8.5% in June, more than expected.

  • The U.S. Department of Energy said that:
    Supplies of crude oil were down 1.1 million barrels to 332.6 million barrels.
    Supplies of unleaded gasoline were down 3.2 million barrels
    Supplies of heating oil supplies were up 1.1 million barrels.

  • DJ Newswires said China's textile industry expects cotton imports to increase from 2.6 million tons last year to 7 million by 2010.

Tuesday, August 08, 2006


Bush Pilot
This explains EVERYTHING!
Public Pension Plans Face Billions in Shortages And that may well understate the gap: Barclays Global Investments has calculated that if America’s state pension plans were required to use the same methods as corporations, the total value of the benefits they have promised would grow 22 percent, to $2.5 trillion. Only $1.7 trillion has been set aside to pay those benefits.

Quick Overview

  • The Fed on Tuesday halted a more than two-year string of interest-rate rises, holding its benchmark rate steady at 5.25% while it gauges whether a slowing economy will keep inflation in check.

  • The confidence of American consumers fell slightly in the latest week, with gasoline prices still high amid signs of a slowing economy, ABC News and The Washington Post said on Tuesday.

  • The Labor Department said that business productivity increased 1.1% YoY in the second quarter, down from YoY rate of 4.3% in the first quarter.

  • Japan's July bank lending rose 2.2% YoY which was the fastest pace in a decade.

  • Germany's June industrial production fell -0.4%, which was weaker than the consensus expectation of +0.3%.