Insight and inspiration in turbulent times.
With US forces massing outside Fallujah, 35 marines swayed to Christian rock music and asked Jesus Christ to protect them in what could be the biggest battle since American troops invaded Iraq last year.
Millions more households are facing higher fuel bills this winter after Powergen, the UK’s second biggest energy supplier, said it was raising gas and electricity prices.
These true believers subscribe to a fantastical theology concocted in the l9th century by a couple of immigrant preachers who took disparate passages from the Bible and wove them into a narrative millions of people believe to be literally true.
The observers said they had less access to polls than in Kazakhstan, that the electronic voting had fewer fail-safes than in Venezuela, that the ballots were not so simple as in the Republic of Georgia and that no other country had such a complex national election system.
In a move that would have massive repercussions in the global balance of power, last week Russian President Vladimir Putin said Russia could switch its trade in oil from US dollars to euros.
What do Osama bin-Laden and the owners and top editors of the gigantic corporate media outlet the Chicago Tribune have in common? They both want George W. Bush to return for a second term.
There is really no need to go to far to know why US President George W Bush and British Prime Minister Tony Blair get along so famously. The missing link has now been discovered — William Gammell, the CEO of Cairn Energy.
The Green Festival, a two-day party intended to accelerate the emergence of a new economic paradigm that values life, will be host to an unofficial peak oil mini summit. The official program for Saturday November 6th features Peter Camejo, Richard Heinberg, and Julian Darley speaking about oil depletion and the implications.
Petrodollars (huge financial surpluses accumulated among oil exporters due to high oil prices) were a major feature of global capital markets in the 1970s and 1980s. Are the western banks and financial markets in for another period similar to the 1970s and mid-80s in terms of flows?
In the same time period during which the price of oil has gone up in terms of the dollar, it has remained stable in terms of the EURO. This has prompted speculation that OPEC will change from denominating all sales of oil in the dollar to other, more attractive currencies, like the EURO, which would be disastrous for the US economy and the dollar as world reserve currency.
The Iranians are about to commit an “offense” far greater than Saddam Hussein’s conversion to the euro of Iraq’s oil exports in the fall of 2000. Numerous articles have revealed Pentagon planning for operations against Iran as early as 2005. While the publicly stated reasons will be over Iran’s nuclear ambitions, there are unspoken macroeconomic drivers explaining the Real Reasons regarding the 2nd stage of petrodollar warfare – Iran’s upcoming euro-based oil Bourse.
Abortion. Same-sex marriage. Stem-cell research. U.S. legislators backed by the Christian right vote against these issues with near-perfect consistency. That probably doesn’t surprise you, but this might: Those same legislators are equally united and unswerving in their opposition to environmental protection.
