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Showing posts with label failed U.S. leadership. Show all posts
Showing posts with label failed U.S. leadership. Show all posts

Friday, April 13, 2012

Speculators as bank robbers heisting food pantries must be 'cuffed


Food Speculation
Global BREAKDOWN continues in unchecked high crime in high places
Excerpts, editing by Carolyn Bennett

From Professor Michael Greenberger’s comments in interview today with The Real News Network’s senior editor Paul Jay: “Speculation and criminal manipulation of food and commodities prices — ‘Weak regulations on speculators swamping markets and lack of enforcement of existing laws on criminal intent, are driving up prices’”

RECAP: Al Jazeera report May 2011

Don't gamble with our food
“Glencore controls more half the global copper market and almost ten percent of the planet’s wheat trade [Reuters]. It is the world’s largest diversified commodities trader — now planning a $11billion share sale [2011 figures], likely the largest market debut ever seen on the London Stock Exchange.…”

The “rapid rise in food, fuel and commodities prices [though] a bonanza for multinational trading firms such as Glencore” has disastrous consequences for the world’s poor. Critics have charged that this singular commodities trader [unchecked] issuing stock causes spikes in food prices.

‘Stability is to be prized’ but that is ‘the last thing Glencore wants, as it is instability that is most profitable — for those who have the inside knowledge to exploit it’ [David Green of Oxfam].

“To make money betting on food, metals and energy, Glencore – like other trading in houses and hedge funds – relies on one crucial commodity: Information.

‘[Glencore has] offices all over the world and unique access to information about production and distribution. When the people who have that information are also the ones speculating, there is grave cause for concern; they can purchase forward contracts when they know prices are going up’ [Food security researcher Devlin Kuyek with GRAIN, a non-profit international organization working on food security].

The Real News Network 2012

There are two kinds of speculation, Professor Michael Greenberger told Senior Editor Paul Jay, that the Dodd–Frank law (in the U.S. Senate, July 2010) intended to limit and constrain “but the place that there is vulnerability is in the futures market, where you actually hold a contract for future delivery rather than own the underlying commodity. If that market is overwhelmed by speculators, it will drive up the price of the commodity and therefore not only will people benefit from having futures contracts that pay off big-time; but if they correspondingly hold the physical—the aluminum, the copper, the wheat, the oil — that price goes up as well.

Stock Market
Dodd–Frank recognized that speculators in extreme can overwhelm these markets and asked the Commodity Futures Trading Commission to limit the participation of speculators so that those markets adhered to supply-demand fundamentals.  Unfortunately, in the implementation process, that rule was weakened to almost no effect, and then, once the rule — the weak rule — was finalized, it was challenged by the banks in court. So the limits on speculation have essentially been wiped out despite Congress’s best efforts.


White collar crime
High Crime

ANOTHER PROBLEM is that “some of these participants … adversely affecting the price — are actually not just swamping the markets with investments but are working with each other to drive the price up. That is a criminal problem.”

The crime is criminal manipulation of prices. “That is why the president of the United States — once in April 2011 and once in March 2012 — asked the Justice Department to investigate these markets to see if there is criminal wrongdoing. Those of us who watch these markets believe, despite the innocent flooding of these markets of speculators … there are speculators out there who, with a criminal intent, are driving the price up.

“One remedial process, limiting speculation to a reasonable part of the market, failed because of Wall Street lobbying.  The second part is failing because of prosecutorial laxity, the failure to go after people who are criminally working with each other to drive the price up.”

[Jay: Is part of the problem the political power … paralyzing this process?]

Greenberger continues: “The banks have already checkmated one of the principal limits in Dodd–Frank, which did not require showing criminal intent; [the legislation] just said speculators’ participation in these markets should be drawn down from 80 percent of the markets to about 30 percent of markets, the historical average.” The lobbyists on Wall Street (together with an inattentive public) have run roughshod over that but you cannot run roughshod over a prosecutor. What is missing is “serious investigation” by the U.S. Justice Department.
Speculators as bank robbers

“My view and the view of many academic experts,” Greenberger said, “is [that] if the Justice Department would seriously investigate the criminal manipulation, the price would come down dramatically — not just the price of oil, not just gasoline, not just of heating oil, but the price of agricultural products as well, because the same things are happening in those markets.…


“If we did not investigate bank robbers, there would be a lot of profits made from going in and holding up banks. But we enforce burglary laws and theft laws in bank robberies. The same thing is happening in the commodity markets, and the prosecutors and de facto police have blindfolded themselves, stuffed their ears, and held their noses, and appeared to the public as if nothing is going on.


“If there were a serious investigation undertaken, if the FBI was called in, if records were subpoenaed, if market participants were interviewed and the Justice Department at least gave an indication, as they did when they went after the Enron conspirators in the early 2000s, if they were serious about this — just the appearance of a serious investigation would cause the criminal speculators to scatter like cockroaches scatter when lights are turned on. If indictments were brought down, the public would be educated about this.” 


Sources and notes

Al Jazeera 2011

 “Glencore: Profiteering from hunger and chaos — The world’s largest commodities trader is issuing a stock sale, and critics say the firm causes spikes in food prices” (Chris Arsenault), May 9, 2011, Al Jazeera and agencies, http://www.aljazeera.com/indepth/features/2011/05/20115723149852120.html

Jay and Greenberger 2012

“Speculation and Criminal Manipulation of Food and Commodities Prices (Michael Greenberger: ‘Weak regulations on speculators swamping markets and lack of enforcement of existing laws on criminal intent, are driving up prices,’” April 13, 2012 [Watch full multipart Speculation and Criminal Manipulation of Food and Commodities Prices]

In Washington Paul Jay, Senior Editor, interviewer, The Real News Network, Transcript Site DISCLAIMER: Please note that transcripts for The Real News Network are typed from a recording of the program. TRNN cannot guarantee their complete accuracy. http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=8134

MICHAEL GREENBERGER

Michael Greenberger is Technical Advisor to the United Nations Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System. He has recently been named to the International Energy Forum’s Independent Expert Group that provided recommendations for reducing energy price volatility to the IEF’s 12th Ministerial Meeting of March 2010. Professor Greenberger was a partner for more than 20 years in the Washington, D.C. law firm of Shea and Gardner. There he served as lead litigation counsel before courts of law nationwide, including the United States Supreme Court.

Professor Michael Greenberger is on the University of Maryland School of Law faculty where he teaches a course entitled “Futures, Options and Derivatives.

PAUL JAY, SENIOR EDITOR CONCLUDES:  “… Commodity traders and big banks are making such fabulous profits out of all this. The top commodity traders are making more money than the biggest telecoms’ netting more profit than the Microsoft/s and the Apple/s. … Unless you read the financial press, where you see some of this, reading the popular press would give you no sense of the extent of money being made by the big banks, commodity traders, on commodities and speculation, the two together.”

DODD-FRANK overview excerpt [July 2010]

“BRIEF SUMMARY OF THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT: Create a Sound Economic Foundation to Grow Jobs, Protect Consumers, Rein in Wall Street and Big Bonuses, End Bailouts and Too Big to Fail, Prevent Another Financial Crisis

Years without accountability for Wall Street and big banks brought us the worst financial crisis since the Great Depression, the loss of 8 million jobs, failed businesses, a drop in housing prices, and wiped out personal savings.

The failures that led to this crisis require bold action. We must restore responsibility and accountability in our financial system to give Americans confidence that there is a system in place that works for and protects them. We must create a sound foundation to grow the economy and create jobs.”

http://banking.senate.gov/public/_files/070110_Dodd_Frank_Wall_Street_Reform_comprehensive_summary_Final.pdf

Images

Food speculation, recent food price volatility has been linked to the ..., theecologist.org
Stop betting on hunger, eco-storm.com
“Don’t gamble with our food” ... 100 million people into extreme poverty. I also said that G20 does not ... actionaid.org
No land no food” Woman and child with a sign saying No land, No food
foecardiff.co.uk
Stop bankers betting on food, by. Alex Milan Tracy, demotix.com

A suspect in an armed bank robbery in South Carolina is apprehended in ...
palive365.com
White+Collar+Crimes+Law.png, thelaw.tv, 425 × 282 - White+Collar+Crimes+Law
stockpic.jpg, wired.com, 660 × 438 - ... connected to a high-frequency, stock-and-commodities trading platform

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Saturday, July 30, 2011

Washington Wizards unfit for purpose at home and abroad

Compiled, re-reported, edited with comment by Carolyn Bennett

As callous incompetents in Washington continue their summer theater — and a nation escapes in collective hysteria and ceaseless drama the drones of their wars continue blowing up innocent peoples across three continents and leaving their lives, their futures in ruins.

Drones have become more widespread throughout the world — in Pakistan, Iraq, Yemen, Somalia and not only these — Deutsche Welle reports from interviews this week. “The United States has especially increased its use of drones in Pakistan.” Between 2004 and 2007, there were nine drone attacks. In 2008, they rose to 33, the next year to 53, and last year the attacks hit 118.

University of Dortmund physicist and cofounder of the International Committee for Robot Arms Control (ICRAC), Jürgen Altmann, told Deutsche Welle, ‘I can't imagine that the USA would launch this many manned air attacks in Pakistan.’

Civilian deaths, future foreign relations
Professor of artificial intelligence and robotics at Sheffield University (UK), Noel Sharkey, told the news organization “the new development is not just dangerous for civilians living in enemy territory, ‘It is also dangerous for our own civilians, because lopsided wars lead to new terrorism. … People won’t just give up because we’ve got the best technology.’”

Ethics
Furthermore, a killing machine without feeling or conscience is also incapable of forming ethical judgments. “‘No one knows what it means to bring ethical considerations into programming,’ said Hans-Jörg Kreowsky, a professor of computer science at the University of Bremen. ‘Algorithms cannot define ethics. That means you cannot build [an ethical drone].’”

As evidenced in the tone and violence emanating from and led repeatedly by Washington — the United States of America in this era has ceased all pretenses of civil discourse, dialogue and diplomacy and any attempt to respect, listen, understand and adopt strategies of cooperation and negotiation (sans bribery or corruption) with the world’s nations and peoples.


AFGHANISTAN [U.S. war]
U.S. officials call them ‘militants,’ villagers call them ‘civilian victims’ of war crimes

Civilians
Afghanistan suffered its latest invasion on the Western pretext of “curbing militancy and bringing peace and stability” to the country. Nine years later, Afghanistan is unstable. Civilians continue paying the price. Their casualties continue rising as U.S.-led foreign troops’ attacks rise. Reports say that in the past few months “hundreds of civilians have been killed in U.S.-led airstrikes and ground operations” in various parts of this war-torn country.

The latest reports from “troubled eastern Afghanistan” said, “a large number of civilians” died and several were wounded “in a U.S.-led military operation.” These casualties came “after foreign forces pounded a residential area in Paktia Province.”

The U.S. army “confirmed the operation” but claimed the casualties were militants.” Villagers and eyewitnesses said the victims “had no links to militant groups.”


Rising numbers of foreign casualties are also causing rising opposition to the U.S.-led war in Afghanistan from NATO member countries and from other non-NATO countries that have contributed troops to this invasion and war and occupation.

Today, as foreign forces experienced some of their deadliest days, two U.S.-led NATO soldiers reportedly died in eastern Afghanistan.  Yesterday, two other U.S.-led foreign soldiers died when a roadside bomb exploded in the east. These deaths bring this year’s estimated number of foreign fatalities to more than 330.

“Official figures” report more than 2,611 U.S.-led soldiers have died since the U.S. launched the invasion of Afghanistan in 2001.

Geopolitics


ARABIAN SEA
Lies in the northwestern part of the Indian Ocean covering about 1,491,000 square miles
(3,862,000 square kilometers) and
Forming part of the principal sea route between Europe and India
Bounded to the west by the Horn of Africa and the Arabian Peninsula
To the west, the Gulf of Aden connects it with
Red Sea via the Bab el-Mandeb Strait
To the north by Iran and Pakistan
To the north, the Gulf of Oman connects
Arabian Sea with the Persian Gulf via the Strait of Hormuz
To the east by India
To the south by the remainder of the Indian Ocean
The Arabian Sea has a mean depth of 8,970 feet (2,734 meters)


PAKISTAN [U.S. bombed]
“Hundreds of people have died in Balochistan since 2004 when militants began fighting for political autonomy and a greater share of the revenues from the oil and gas resources of the region.”

Quetta, Balochistan — At least thirteen Shiites died yesterday and several others were injured when shooters opened fire at a passenger pick-up in Pakistan’s southwestern province of Balochistan.

A similar incident on Friday left seven (est.) Shiite Muslim pilgrims dead and several others wounded. A group of heavily armed militants reportedly attacked a bus on the outskirts of Quetta.

Also on Friday, at least three people died and 25 were injured when a bomb exploded during a football match in Balochistan.


IRAQ [occupied]
More than a million Iraqi citizens have faced ‘violent deaths’ since the U.S.-led military invasion of this country began in 2003, according to a study by the British polling group, Opinion Research Business (ORB).

Tikrit — Thursday, 130 kilometers north of Baghdad 12 people died and 34 were wounded when two bombs exploded near the state-run Al-Rafidain Bank in the Iraqi city of Tikrit.

“Bombings and other forms of violence are a near-daily occurrence in war-torn [and occupied] Iraq,” Press TV reports. “June was the deadliest month this year for both Iraq and the U.S., with the occupiers losing 14 of their soldiers.”

From Iraq's Foreign Ministry — though combat operations have officially ended, approximately 50,000 U.S. troops will remain in the country until the end of 2011 to ‘advise Iraqi forces and protect U.S. interests.’ However, on Wednesday, Iraqi Foreign Minister Hoshyar Zebari said Baghdad has decided not to allow U.S. military troops to stay in the country past the 2011 deadline.

Geopolitics


PERSIAN GULF (Arabian Gulf)
A shallow marginal sea of the Indian Ocean that
Lies between the Arabian Peninsula and southwestern Iran
Bordered on the north, northeast and east by Iran;
On the southeast and south by part of Oman and by the United Arab Emirates;
On the southwest and west by Qatar, Bahrain, and Saudi Arabia; and
On the northwest by Kuwait and Iraq
The term Persian Gulf sometimes refers not only to Persian Gulf proper but
Also to its outlets —
The Strait of Hormuz and the Gulf of Oman, which open into the Arabian Sea


PERSIAN GULF
UAE — Although it is a leading oil exporter, the United Arab Emirates “has embarked on a nuclear program to meet its domestic demand for power.” The UAE is said to be “advancing its plans to buy the uranium that will be needed to begin operating nuclear power plants.”

Saudi Arabia — Senior officials at the White House, according to today’s press reports, have said the Obama administration “is planning to resume talks with Saudi Arabia about a potential nuclear cooperation.”

BAHRAIN (occupied by U.S. Fifth Feet)
Bahrain’s largest political party, Al-Wefaq National Islamic Society, has repeatedly called for ‘elected government,’ ‘elected parliament with full legislative powers,’ and ‘fair and independent judicial system’ in the kingdom.

Opposition groups and anti-government activists are accusing Washington of “supporting the ruling Al Khalifa regime and turning a blind eye to atrocities committed by Bahraini authorities against peaceful protesters.”

Saudi-backed Bahraini forces have massed around the U.S. Embassy in the capital this weekend to prevent a scheduled protest sit-in outside the U.S. diplomatic compound.

Tens of thousands of anti-government demonstrators have taken to the streets outside the capital to condemn the results of a National Dialogue, saying it had failed to address people’s demands.

Geopolitics


GULF OF ADEN
A deepwater basin that forms a natural sea link between the
Red Sea and the Arabian Sea
Named after the seaport of Aden, in southern Yemen,
The gulf lies between the coasts of Arabia and the Horn of Africa


YEMEN [U.S. ally]
Yemen has been the scene of violence since the popular revolution began in late January. Hundreds of thousands of Yemenis have been taking part in regular mass demonstrations in the nation’s major cities.

Forces loyal to President Ali Abdullah Saleh “often resort to brutal violence to disperse peaceful Yemeni protesters, killing hundreds of protesters and leaving many more injured.”  Pro-Saleh forces reportedly “have attacked several villages near the capital Sana’a. Today, five (est.) villagers died in an attack.

Tribal leaders have vowed to guard the demonstrations, promised to support anti-regime protests. They “formed an alliance, called on the international community to back the revolution, and issued a warning to “those who brutally attack the Yemeni people.”

Geopolitics

MEDITERRANEAN SEA

Intercontinental sea 
stretching from the Atlantic Ocean on the west 
to Asia on the east
separating Europe from Africa — ancient ‘sea between the lands,’
often called the incubator of Western civilization

From the Strait of Gibraltar between Spain and Morocco (west-east extent)
to the shores of the Gulf of Iskenderun [seaport/chief city Iskenderun
in southern Turkey on the eastern shore of the Gulf of Iskenderun]
on the southwestern coast of Turkey—is
approximately 2,500 miles (4,000 kilometers).

Between the shores of Yugoslavia and Libya
(its average north-south extent) is about 500 miles.

The Mediterranean Sea, including the Sea of Marmara,
occupies an area of approximately 970,000 square miles
(2,510,000 square kilometers). [Britannica]


AFRICA (NORTH and the HORN)
In mid-March, NATO launched a major air campaign against Libya’s government saying that UN Security Council Resolution 1973 gives the military bloc a mandate to ‘protect the Libyan population.’

Libya [U.S.-led NATO war]

NATO is now reportedly “intensifying its attacks on Libya in an alleged attempt to increase pressure” on that country’s president. In this foreign aggression, “the attacks by the U.S.-led military alliance have killed scores of civilians and wounded many others in key Libyan cities.”

A report published July 28 by Reuters says since taking command of airstrikes on March 31, NATO “has conducted more than 16,822 sorties [attacks, raids, acts of violence from afar] including at least 6,339 strike sorties” into Libya.

Today, NATO announced airstrikes carried out by its warplanes on the Libyan capital, Tripoli, hit three television transmitters. The strikes “disabled three ground-based Libyan state TV satellite transmission dishes.”


SOMALIA [attacked, occupied, threatened, blackmailed]
Thousands of Somalis have fled to the neighboring Kenyan camp of Dadaab. The camp currently has “more than 440,000 refugees.”

Today, at least sixteen children died of hunger and diseases caused by the lack of food in Somalia. The food crisis on the Horn of Africa escalates.  Medical sources confirmed that the children died in lower Shabelle regional town of Merka.


OCCUPIED TERRITORIES

West Bank [U.S. extremist support of Israel, unsupportive of Palestine]
Palestinian farmers in the occupied territories every year plant some 10,000 olive trees.

Olive oil is regarded the backbone of the Palestinian economy. It is the second major export item in the occupied territories.  

Israeli settlers this week set olive trees alight in the West Bank village of Burin. Their attempt — not for the first time — is “to target a key product of the Palestinian economy.”

GAZA Strip [U.S. hostile, unsupportive]
Israel has imposed a blockade on the Gaza strip since the democratically elected Hamas government took control of the territory in 2007. The crippling blockade on the territory has triggered a humanitarian crisis. Because of the blockade, Palestinians in Gaza have trouble coping with everyday life and struggle to attain basic needs.

“I do not want to see Gaza opened up like all of the other markets of the world where the darker-skinned people are being used like modern-day slaves — and that is happening all around the world,” activist Ken O'Keefe said today in a Press-TV interview.

Palestinians “are more than capable of taking care of themselves [but] they need to have freedom of movement, self-determination [It is an insult to Palestinians and an insult to our intelligence to think we should be providing Palestinians with aid]. Once their import and export trade is established, Palestinians will have no need, whatsoever, for handouts.”

Geopolitics

ATLANTIC OCEAN
‘Sea of Atlas’ (salt water, second in size to the Pacific Ocean)
covering approximately a fifth of the Earth’s surface
separating continents of
Europe and Africa to the east
North and South America to the west

Without its dependent seas, the S-shaped Atlantic is
approximately 31,830,000 square miles (82,440,000 square kilometers);
with them, 41,100,000 square miles (106,460,000 square kilometers).
Average depth (with its seas) of 10,925 feet (3,300 meters); maximum depth of 27,493 feet (8,380 meters) in the Puerto Rico Trench, north of the island of Puerto Rico.
From east to west, the ocean’s breadth varies considerably:
between Newfoundland and Ireland, it is about 2,060 miles;
farther south, it widens to more than 3,000 miles before narrowing again
so that the distance from Cape São Roque, Brazil, to Cape Palmas, Liberia,
is only some 1,770 miles.

Southward it again becomes broader and is bordered by
simple coasts almost without islands;
between Cape Horn and the Cape of Good Hope,
the ocean approaches Antarctica on a broad front nearly 4,000 miles wide.
[Britannica]

NORTH AMERICAS update August 8, 2011

Deepening violent occupation— U.S. in Mexico

New York Times reveals (Democarcy Now re-reporting) United States’ increased “involvement in Mexico’s bloody drug war.”

U.S. Drug Enforcement Administration (DEA) agents and U.S. Central Intelligence Agency (CIA) officials along with retired military personnel are, for the first time, being deployed in Mexico with that country’s military and authorities at an intelligence outpost — “modeled after compounds the United States operates in Iraq and Afghanistan.”

Officials from the United States and Mexico are also “considering embedding private security contractors [mercenaries] in a specially vetted Mexican counter-narcotics police unit.”

The United States also in recent months began “flying unmanned drones over Mexican soil.” [Source: Democracy Now: “U.S. Expands involvement in Mexican Drug War with CIA, DEA Intelligence Post,” August 8, 2011, http://www.democracynow.org/2011/8/8/headlines]

NORTH AMERICA
Since the president of the United Mexican States (Mexico), Felipe Calderon, launched his army-led drive to crush drug cartels in late 2006, nearly 35,000 people have died in this war.

Mexico is stumbling under the weight of imprisoned people as the country’s government ramps up its campaign against drug cartels and increases detentions.

On Monday, at least seventeen people died and four others were injured in a prison riot in the Mexican city of Ciudad Juarez. [In the United States of America, prisons too are overflowing and prisoners are rioting, some dying in protest to abuse and inhumane prison conditions.]

In the United States government, meanwhile, federal officials reportedly have failed to find more than two dozen rifles allegedly “stolen from a military base in California on July 15.” Several agencies have investigated the theft(s) and found one rifle.  

Federal officials are offering a reward for information leading arrests.

FINALLY
In further evidence of Washington’s incompetence and corruption, violence overshadowed by hysteria and bad theater, economics professor Richard D. Wolff said this week on the Democracy Now program, “The United States government refuses to tax corporations and the rich. It then runs a deficit. It spends more than it takes in because [the government] is not taxing them [corporations]. … The government then turns around to the people it didn’t tax — corporations and the rich — and borrows the money from them, paying them interest and paying them back.…

“We’re running a deficit because the people who run this society would like us to deal with our economic problems, not by taxing those who have it, the way we used to; but, instead, by endlessly borrowing from them.

“The ultimate irony,” he said, “is that we have borrowed so much as a nation from the rich and the corporations [and] they now are not so sure they want to continue lending to us, because we’re so deeply in debt. Instead of lending, they want us, instead, to go stick it to poor people and sick people.

“It is an extraordinary moment in our history as a nation.”



Sources and notes
“Drone usage on the rise in conflicts worldwide,” July 21, 2011, http://www.dw-world.de/dw/article/0,,15253842,00.html [www.dw-world.de | © Deutsche Welle]

The International Committee for Robot Arms Control (ICRAC) is a non-profit organization that advocates a reevaluation of automated war technologies like drones.

“Dozens killed by suspected U.S. drone attacks in Pakistan — Pakistan has repeatedly called for an end to the drone strikes, which the US never confirms. However, the U.S. military and the CIA are the only forces in the region to deploy the armed, unmanned Predator aircraft in the region,” July 12, 2011, http://www.dw-world.de/dw/article/0,,6570004,00.html

AFGHANISTAN
“U.S.-led operation kills Afghan civilians,” July 30, 2011, http://www.presstv.ir/detail/191516.html

“Two U.S.-led troops die in Afghan war,” July 30, 2011, http://www.presstv.ir/detail/191488.html

PAKISTAN
“13 Shia Muslims killed in SW Pakistan,” July 30, 2011, http://www.press”tv.ir/detail/191454.html

“Three killed in Pakistan stadium attack,” July 30, 2011, http://www.presstv.ir/detail/191421.html

IRAQ
“Iraq twin bomb attack kills 12, hurts 34,” July 29, 2011, http://www.presstv.ir/section/351020201.html
                   
“Iraq against U.S. presence beyond 2011,” July 27, 2011, http://www.presstv.ir/detail/191101.html


UNITED ARAB EMIRATES
“UAE to buy uranium for nuclear plants,” July 30, 2011, http://www.presstv.ir/detail/191420.html

SAUDI ARABIA
“The U.S. plans nuclear talks with Saudi Arabia,” July 30, 2011, http://www.presstv.ir/section/351020205.html

BAHRAIN
“Bahraini forces surround U.S. Embassy,” July 29, 2011, http://www.presstv.ir/detail/191402.html
“Bahrainis to stage anti-U.S. Friday sit-in — Friday, Bahrain’s February 14 Movement has called for a mass sit-in in front of the U.S. embassy in Manama to condemn Washington’s interference in the internal affairs of the Persian Gulf country,” July 29, 2011, http://www.presstv.ir/detail/191151.html

Al Wefaq National Islamic Society (also known as the Islamic National Accord Association) is a Bahraini political society. It is Bahrain’s largest party, both in terms of its membership and its results at the polls.  

YEMEN
“Yemeni forces heavily shell villages,” July 30, 2011, http://www.presstv.ir/detail/191515.html

LIBYA
“NATO: 3 TV transmitters hit in Libya,” July 30, 2011,  http://www.presstv.ir/detail/191451.html

“‘NATO should cut Qaddafi arms supply’— a former Libyan commander, colonel Hamed Al-Hassi,”
http://www.presstv.ir/detail/191539.html

SOMALIA
“16 Somali children die of hunger,” July 30, 2011, http://www.presstv.ir/detail/191479.html

OCCUPIED TERRITORIES
“Israeli settlers torch Palestinian trees,” July 30, 2011, http://www.presstv.ir/detail/191549.html

“‘Blockade on Gaza root cause of crisis,’” July 30, 2011, http://www.presstv.ir/detail/191562.html

Press TV interviewed Ken O'Keefe, an Irish- American activist, tells us what he has seen on his visit to Gaza.

Kenneth Nichols O'Keefe is an Irish-American activist and former United States Marine who led the human shield action to Iraq and was a passenger on the MV Mavi Marmara during the Gaza flotilla raid.

NORTH AMERICA
“17 killed in Mexican prison riot,” July 26, 2011, http://www.presstv.ir/detail/190930.html

“FBI fails to recover stolen army rifles,” July 30, 2011, http://www.presstv.ir/detail/191552.html

“Richard Wolff: Debt Showdown is ‘Political Theater’ Burdening Society’s Most Vulnerable,”
Democracy Now July 28, 2011, http://www.democracynow.org/2011/7/28/richard_wolff_debt_showdown_is_political   

Richard D. Wolff is Professor of Economics Emeritus at the University of Massachusetts (Amherst) where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University (New York City). He also teaches classes regularly at the Brecht Forum in Manhattan.

Since 2005, Richard Wolff has written analytical pieces focused chiefly although not only on the emerging and then exploding global capitalist crisis. Professor Wolff’s public speaking engagements and media interviews usually focus on one or more of the following topics: The Current Economic Crisis: Origins and Consequences; The Current Economic Crisis: Why Bailouts Fail and Alternative Responses;  The Current Economic Crisis and Globalization; Economic Crisis and Socialist Strategy, 2009;  The Difference Among Economic Theories (Neoclassical, Keynesian and Marxian); The History of the Marxian Theoretical Tradition; The Contemporary Relevance and Unique Insights of Marxian economics; A Class Analysis of the Rise and Fall of the USSR, http://www.rdwolff.com/content/about


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