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H1N1 Infection Can NOT be Traced Back to Mexico.
Thursday, 07 May 2009 04:15

The Centre for Research on Globalisation (CRG) is an independent research and media group of writers, scholars, journalists and activists. The CRG is based in Montreal. It is a registered non profit organization in the province of Quebec, Canada. ESPAÑOL,  Português, Deutsch.

The A H1N1 Pandemic: Pig to Human Transmission of the Swine Flu?

Global Research, May 15, 2009
Another case in point, which directly implicates the Atlanta based Centers for Disease Control and Prevention (CDCP), was an April 30 report by the CDCP entitled Swine-Origin Influenza A (H1N1) Virus Infections in a School --- New York City. The report outlines swine flu infection among New York school children, when in fact the children had been infected with a non-specific influenza. None of these cases were corroborated by laboratory testing:
In the first week in May, “the CDC claimed 109 victims of confirmed swine flu in the United States. Forty five of the 109 came from this New York School. The TV news channels were flooded with panic messages of the uncontrolled spread of Swine Flu.” (see William Engdahl, Flying Pigs and the WHO, Global Research, May 2009) 

Mayday!...Never Mind: We've again responded to a modest risk with a dangerous stampede

Michael Fumento, 05.06.09
Forbes Magazine dated May 25, 2009

As the flu panic recedes from what seemed to be a May 1 peak, we are left to contemplate this embarrassing fact: We've done it again. That is, responded to a modest risk with a dangerous stampede. The tendency seems to be built into our genes, or into the self-interest of big headlines and high ratings and of government and international health officials.

To put the risks in perspective: Seasonal flu infects 15 million to 60 million Americans a year, hospitalizing 200,000 and killing 36,000, according to the Centers for Disease Control & Prevention. The new swine flu has so far killed only Mexicans, including one who came to the U.S. for treatment. Even in Mexico, where poor health care translates into higher mortality, the disease is not as widespread as we were led to believe. In late April newspaper stories put the death count at 159. But as of May 4 confirmed deaths in Mexico were only 25. More, HERE

Americans:"If you Have Spare Dollars, Get Out!" The Dollar could Lose 50% of its Value in 10 years..

IMF Aid Boosts Mexico's Credibility

A Boom At The Border

America's Most Polluted Cities

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Lenders Appear To Be Driving Chrysler To Bankruptcy

Money & Investing


Short the West

Daniel Fisher, Forbes Magazine dated May 11, 2009

Murrin is also betting on South Africa by owning rand forward contracts. So pessimistic are traders about that currency that the forward is priced at a 9% discount to the spot rate. All the rand has to do for Murrin to make that 9% is to hold its own against the dollar. If, as he expects, it appreciates against the dollar, he'll do even better.

"As the dollar goes down, gold goes up," he posits. "It only makes the rand stronger."

Murrin's other bets imply that after a hiatus during the recession, a Malthusian shortage of grains, irrigation water, gold and oil will reassert itself. After getting out of Russia two years ago--"It was gangsterville," he says--Murrin is again buying the country's oil stocks. He's also bullish on energy producers like Brazil's Petrobras, Norway's Statoil ( STO - news - people ) and Chinese power generators, coal producers and infrastructure developers.

..."You [Americans] are going to suffer the same fate Britain did" after losing control over the Suez Canal to Egypt, he says. "If you have spare dollars, get out. The dollar could lose 50% of its value in ten years."

More, HERE

2009 Forbes.com LLC™   All Rights Reserved

Financial Times

US joblessness hits 25-year high

By Krishna Guha and Sarah O’Connor in Washington and Alan Rappeport in New York

Published: May 8 2009

US unemployment climbed to 8.9 per cent in April, its highest level in a quarter of a century, as the economy shed more than half a million jobs, official figures revealed on Friday.

The latest non-farm payrolls data showed that 539,000 jobs were lost in April, making it the seventh-worst month for job losses in half a century. More, HERE.

© Copyright The Financial Times Ltd 2009.

Los Angeles Times

Governor says state deficit could reach $21.3 billion

White House predicts budget deficit to grow to $1.84 trillion this year

Legislative analyst

Rich Pedroncelli / Associated Press: In this 2008 photo, Legislative Analyst Mac Taylor answers questions during a news conference in Sacramento, Calif.

California could be broke by July, state official warns

Despite the budget fix enacted in February, the state is on track to come up $23 billion short of what it needs to get through the year, the Legislature's chief budget analyst says.
By Evan Halper 
May 7, 2009
Reporting from Sacramento -- California has an unprecedented cash crisis and could run out of money as soon as July if lawmakers and the governor do not act to stop the financial hemorrhaging, according to a new forecast by the Legislature's chief budget analyst.

The recession has caused tax receipts to plummet, leaving the state as much as $23 billion short of what it needs to pay its bills over the next year, says a report released this morning by Legislative Analyst Mac Taylor. Voter approval of the budget-related propositions on the May 19 ballot -- which polls show is unlikely -- would soften the blow by $6 billion but still leave the state facing a severe shortage. More, HERE.
Copyright 2009 Los Angeles Times
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The Financial Crisis: Where Do We Go from Here? A debate at the Council on Foreign Relations

Copyright © 2009 Roubini Global Economics, LLC. All rights reserved.

International Monetary Fund

IMF Executive Board Approves US$47 Billion Arrangement for Mexico Under the Flexible Credit Line

Press Release No. 09/130
April 17, 2009

The Executive Board of the International Monetary Fund (IMF) today approved a one year SDR 31.5 billion (about US$47 billion) arrangement for Mexico under the Flexible Credit Line (FCL). The Mexican authorities have stated they intend to treat the arrangement as precautionary and do not intend to draw on the line.

The arrangement for Mexico is the first commitment under the IMF’s FCL, which was created in the context of a major overhaul of the Fund’s lending framework on March 24, 2009 (see Press Release No. 09/85 and Public Information Notice 09/40). The FCL is particularly useful for crisis prevention purposes as it provides the flexibility to draw on the credit line at any time. Disbursements are not phased nor conditioned on compliance with policy targets as in traditional IMF-supported programs. This flexible access is justified by the very strong track records of countries that qualify for the FCL, which gives confidence that their economic policies will remain strong. More, HERE.


guardian.co.uk home


 Wednesday 6 May 2009

This epochal crisis requires us to resolve the paradox of capitalism

At work, we're told to be diligent and disciplined; elsewhere, hedonistic and self-indulgent. We need a sustainable model

What do we want to see emerge from the greatest crisis of capitalism for 70 years? If I had to answer in a single phrase, I would say: new models for a sustainable social market economy. This requires us to change as well as our states.

Capitalism will not end in 2009 as communism ended in 1989. It is too deep-rooted, too diverse and too adaptable to suffer such a sudden death. There are far more varieties of capitalism in the world today than there ever were of communism, and that diversity is one of its strengths. The rainbow reaches from wild west to wild east, and extends to major national variants of a market economy, such as China, that purists would say are not capitalism at all. So some versions of capitalism will weather the storm; others will be left in ruins or at least very substantially transformed.

More, HERE.

guardian.co.uk © Guardian News and Media Limited 2009

Financial Times

Paris pushes EU to impose tighter regulation on hedge funds

By Tony Barber and Nikki Tait in Brussels and Martin,Arnold in London

Published: May 6 2009 

France pressed its European Union partners yesterday to impose strict rules on hedge funds, in spite of Swedish warnings that even the tightest regulation would be no guarantee against the current financial turmoil.

Christine Lagarde, France's finance minister, said EU governments should insist on much tougher rules for hedge funds and other investment vehicles than those proposed last week by the European Commission. More, HERE

© Copyright The Financial Times Ltd 2009.

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MAY 6, 2009

Let's Move Their Cheese

We can get better bank management for a fraction of the cost.

Incentives work, all right. Just look at the way our bankers come back to bonuses, finding in every occasion a good opportunity to cut themselves a slice of largess. Their determination is unrelenting, monomaniacal. It's like Republicans returning to tax cuts, the universal solution to every problem.

Some institutions, we read, are struggling to free themselves from the TARP, because of its exuberance-chilling compensation limits. Others have decimated their workforces, apparently so they might continue to shower money on the favored ones. Still other institutions have signaled that they would rather borrow at higher rates of interest than accept the compensation limits that come with cheaper federal loans. And certain banks are on track to return to pre-recession compensation levels this year, according to a story last week in the New York Times. Goldman Sachs, for example, set aside $4.7 billion for compensation in the first quarter alone.

More, HERE.

Copyright 2009 Dow Jones & Company, Inc. All Rights Reserved

Yahoo! Canada News

US votes for 9/11-style commission to probe financial crisis

May 6, 2009

WASHINGTON (AFP) - US lawmakers voted Wednesday to create a 9/11-style commission of experts to probe the causes of last year's devastating financial meltdown and to draw lessons to prevent its recurrence.

The vote in the House of Representatives coincided with a new study that accused US and foreign banks of deliberate culpability in the collapse that engulfed the US and world economy. More, HERE.

Copyright © 2009 Agence France Presse. All rights reserved.

Copyright © 2009 Yahoo! Canada Co. All Rights Reserved.



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