So now that we're here, what do we do? I am massively conflicted about this bailout program. The idea of government stepping in to bail out international banks that were reckless with their own business literally makes my stomach churn. We are privatizing gains and socializing losses.
Friday, September 26, 2008
The very idea that we should trust the future of nuclear power, one of Britain's most strategic industries, to an overseas company is extraordinary enough.
But what makes the £12.5 billion takeover of nuclear generator British Energy by Electricite de France (EDF) even more outrageous is that the buyer is 85 per cent owned by the French state.
In effect, this country is placing control over its energy needs in the hands of a foreign-owned enterprise...
Israel gave serious thought this spring to launching a military strike on Iran's nuclear sites but was told by President George W Bush that he would not support it and did not expect to revise that view for the rest of his presidency, senior European diplomatic sources have told the Guardian.
The US will lose its status as the superpower of the world financial system. This world will become multi polarwith the emergence of stronger, better capitalised centres in Asia and Europe, Mr Steinbrück told the German parliament.The world will never be the same again.
the only thing McCain really wants suspended is the American people’s disbelief. In fact, he’s been in full campaign mode the entire time.