The head of the International Monetary Fund has warned that the crisis in Greece could spread throughout Europe.

Dominique Strauss-Kahn said that every day lost in resolving Greece's problems risks spreading the impact "far away".

World financial markets, recovering slightly on Wednesday, have been badly hit by fears of contagion from Greece.

http://news.bbc.co.uk/2/hi/business/8648029.stm

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The U.S. and Israel have been acting in tandem to extend and deepen the occupation.  In 2005, recognizing that it was pointless to subsidize a few thousand Israeli settlers in Gaza, who were appropriating substantial resources and protected by a large part of the Israeli army, the government of Ariel Sharon decided to move them to the much more valuable West Bank and Golan Heights.

from Crikey .....

Rudd's and Wong's response to the 'great moral challenge': CPRS into the deep freeze

Canberra correspondent Bernard Keane writes:

from Crikey .....

As a reminder of the unchastened status quo, Blankfein remains the gift that keeps on giving.

Chomsky, because he steps outside of every group and eschews all ideologies, has been crucial to American discourse for decades, from his work on the Vietnam War to his criticisms of the Obama administration. He stubbornly maintains his position as an iconoclast, one who distrusts power in any form.

Despite no involvement in terrorism, prisoners are subjected to horrific torture, abuse, and humiliating treatment as "unlawful enemy combatants" - now called "unprivileged enemy belligerents," defined as anyone (with or without evidence) suspected of "engag(ing) in (or materially supporting) hostilities against the United States or its coalition partners."

...

But for Goldman and other banks, a road map to the right ratings wasn’t enough. Analysts from the agencies were hired to help construct the deals.

In 2005, for instance, Goldman hired Shin Yukawa, a ratings expert at Fitch, who later worked with the bank’s mortgage unit to devise the Abacus investments.

Mr. Yukawa was prominent in the field. In February 2005, as Goldman was putting together some of the first of what would be 25 Abacus investments, he was on a panel moderated by Jonathan M. Egol, a Goldman worker, at a conference in Phoenix.

from Crikey .....

Ben Sandilands writes:

Just yesterday, the New York Times, had a lead story about Israeli planning to possibly "go it alone" in an attack on Iran if the US were not to "succeed" in its diplomatic efforts to get Iran to "stop" it's alleged attempts to develop a nuclear weapon capability.

With the long awaited decision by the Obama Administration in regards to the new strategy for Afghanistan, the situation in Afghanistan has deteriorated to the point that the US commanders started using the word 'defeat' in their report to Washington.

The word defeat has rarely been uttered by military; however, Afghanistan is the exception, where defeat is a realistic outcome. There, defeat is a reality that all invaders have faced since the beginning when Pashtuns have inhabited this region.