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The War on the Resistance in Lebanon Enters Its Fifth Phase
“We have overcome four phases [Resolution 1559, sponsored by France and the United States, imposing the Syrian withdrawal from Lebanon; the French temptation, i.e. Jacques Chirac’s offer of power in exchange for disarmament; Israel’s July War, backed by the United States, against Lebanon in 2006; the 5 May 2008 decision of the Lebanese government, prodded […]
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G-20 Barking Up the Wrong Tree
If the G-20 is going to be nothing more than a talking shop on economic issues, they ought to at least talk about the economic problems that really matter, and the ones that they can do something about. Not that currency values don’t matter — they are actually very important. And it is interesting to […]
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Emerging Markets Confront QE2: Capital Controls, Reserve Accumulation, or Both?
Paul Jay: You recently wrote a piece in the Guardian. The title is “Who Pays the Bill for the Fed’s QE2? By Depressing US Interest Rates, Quantitative Easing Forces Developing Countries to Defend Their Currencies at Crippling Cost.” What do you mean by that? Kevin P. Gallagher: One of the unintended effects of QE2 […]
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Israel’s Self-Destruction: Reunifying the Palestinian Nation
Benjamin Netanyahu, Israel’s prime minister, is in the United States this week, but few observers expect an immediate or significant breakthrough in the stalled peace talks with the Palestinian leadership. In public, Mr. Netanyahu maintains he is committed to the pledge he made last year, shortly after he formed his right-wing government, to work towards […]
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After the Midterm Elections: Hawks Up the Pressure for Military Action and Obama Sets Iran Up for More Sanctions
Tony Karon has another sharp piece this week, entitled “Israel Pressed for a Tougher U.S. Line on Iran.” For some time now, we have been forecasting an intensification of pressure on the Obama Administration, by Israel and pro-Israel constituencies in the United States, for U.S. military strikes against Iran’s nuclear infrastructure. It appears that the […]
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Can the United States Save Itself in the Middle East?
Last month, the New America Foundation and the University of Chicago’s Project on Security and Terrorism (CPOST) sponsored a conference in Washington, entitled “Cutting the Fuse: Moving beyond the War on Terror.” The conference was sparked by the publication of a new book by CPOST’s director, Robert Pape, and James Feldman, entitled Cutting the Fuse: […]
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Action on Social Security: The Urgent Need for Delay
Introduction Many policymakers and analysts are arguing that there is an urgent need to make changes to Social Security. They point out that the projections from the Congressional Budget Office and the Social Security Trustees show the program to be out of balance in the long-term, therefore we would be best advised to make changes […]
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Somalia, US, and the Dual-Track Letdown
Somalia in particular and the Horn of Africa in general are at such a volatile stage that any misstep — domestic or foreign — could only further exacerbate their perilous condition. One such potential misstep is the recently proposed US foreign policy toward Somalia known as the Dual-Track approach. First, a brief background: In 2006 […]
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EU: “Common Position” against Cuba
The European Union to the United States: “Yes, my love, I know you like my position, but everyone is saying that you are the only one who has it in common with me.” Pedro Méndez Suárez is a Cuban cartoonist. This cartoon was published in Rebelión on 7 November 2010. Translation by Yoshie Furuhashi […]
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Santiago Sierra Says No
Santiago Sierra (Madrid, 1966), an internationally recognized Spanish artist, has just rejected the “Spanish National Prize for Visual Arts,” writing a letter to Culture Minister Ángeles González-Sinde, who, in the Rodríguez Zapatero administration, represents the interests of media magnates. See below Sierra’s original letter to the minister, dated “Madrid, Brumaire 2010” (the month straddling October […]
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Certified Right-Wing Extremists Set to Take Control of House Foreign Affairs Panels
In the early years of the past decade, two hard-line Cold Warriors, closely associated with radical right-wing Cuban exile groups in Florida, occupied strategic positions in the U.S. foreign policy machine. Otto Reich, former head of the Reagan administration’s “black propaganda” operations in Central America, and Roger Noriega, co-author of the 1996 Helms-Burton Act, took […]
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A Modest Proposal for Overcoming the Euro Crisis
It is now abundantly clear that each and every response by the eurozone (EZ) to the galloping sovereign debt crisis has been consistently underwhelming. This includes the joint EZ-IMF operation, back in May, to “rescue” Greece and, in short order, the quite remarkable overnight formation of a so-called “special vehicle” (officially the European Financial Stability […]
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Taking the Measure of Rot
I gave this talk at a very good conference, New Deal/No Deal, at Berkeley’s Institute for Research on Labor and Employment, on October 29. The panel chair was Michael Reich, who was the main organizer of the conference along with Richard Walker of the geography department. The dual themes were reflecting on the New Deal […]
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U.S. Reverses Course and Designates Anti-Iranian Jundallah as a Foreign Terrorist Organization
In a notable turn-around, the U.S. Department of State today designated Jundallah as a foreign terrorist organization (FTO). In early 2009, shortly after President Obama came into office, the United States considered designating Jundallah as an FTO, as a conciliatory message to the Islamic Republic of Iran. In March 2009, Iran’s Supreme Leader Ayatollah Ali […]
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Freedom Restored: “We’ve Come to Take Our Country Back”
The Republican and Tea Party counter-revolution is on the march. Faced with a major voter rebellion against his hard socialist agenda yesterday, the Marxist-Leninist United States president Barack Obama has met with Tea Party icons Sarah Palin, Rand Paul, and Glenn Beck and “FreedomWorks” chief Dick Armey. Obama has agreed to significantly roll back the […]
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Wages and Deflation in Japan
Wages and Depressions Sooner or later any bubble bursts, leading to falling asset prices as investors flee to safe liquidity. Distress selling and debt liquidation by the market participants follow. For Irving Fisher (1933), it is of key importance that an asset price deflation leads — via falling asset prices and a distorted financial […]
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An Uprising at the United Nations (Part 2)
When Bruno concluded his speech around midday last October 26, as is the norm, it was then time for the explanations of vote prior to the resolution being submitted to the vote. First to speak was U.S. ambassador Ronald D. Godard, senior area advisor for western hemisphere affairs and head of his country’s delegation. His […]
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Dilma’s Victory in Brazil
Like the rally led by Jon Stewart and Stephen Colbert of Comedy Central that brought hundreds of thousands of people into the streets of Washington DC on Saturday, Brazil’s election on Sunday was a contest of “Restore Sanity” versus “Keep Fear Alive.” Dilma Rousseff of the governing Worker’s Party coasted to victory against the opposition […]
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An Uprising at the United Nations (Part 1)
The session of October 26 last at the United Nations General Assembly, which is supposedly the top political authority in the planet, was convened for the purpose of discussing an item that has been reiterated for so long that it even sounds familiar: “Necessity of ending the economic, commercial and financial embargo imposed by the […]
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Speaking of Islam: An Orwellian Story
A few metres from my office at the School of Oriental and African Studies in the heart of London’s Bloomsbury area is the Senate House of the University of London, a remarkable neo-classical colossus of a building which functioned as the headquarters of Britain’s ministry of information, where George Orwell worked occasionally during the second […]