What Goes Up...

Must come down. And of course its not a recession...pleads the powers that be...it's a correction.......or maybe it's just fortunes fate (being lady luck and her magick number seven).....actually it's worse than either a correction or recession it's pending stagflation.

Toronto Stock market takes biggest one-day plunge in seven years

TSX suffers worst week in seven years

Stock markets sustain even more losses Friday

Where to find a foothold amid downward spiral

Stock markets crash, Sensex tanks 1440 pts
Hindu, India -
Mumbai (PTI): The stock markets went into a downward spiral at mid-session on Monday, with across the board selling pressure that shaved off 1440 points ...

MARKETS CRASH ACROSS EUROPE Experts Warn of Stock Market Hysteria
Spiegel Online, Germany -
The trigger for the market crash was the news from WestLB on Monday morning. Over the weekend, the bank had to admit to a billion-euro capital requirement ...
World Stock Markets Crash
Arab News, Saudi Arabia -
DUBAI/LONDON, 22 January 2008 — Global stock markets plunged yesterday, with Tokyo tumbling to its lowest level in more than two years as US President ...
US Stock Markets Crash and Burn Whilst The Fed Fiddles
US Stock Markets - Near Term Bottom or Waterfall Crash?

Hauntingly Familiar
Here we are once again, suddenly embroiled amid a frenzy of financial crisis, and looming bail-out interventions.

The jury is still out as to whether or not this crisis will turn out to be “the big one” that will take down the entire house of cards.

Inevitably, the day will come when no form of economic stimulus or monetary policy interventions will be sufficient enough to provide remedy to the decades of sub-standard stewardship rendered by our elected officials.

Until such a day of reckoning arrives, we can not discount the possibility that the present cast of self-perceived masters-of-the-universe and their monopoly stronghold, which is rapidly fracturing, will prevail once again.

The 3 Forces Behind a Market Crash
Back in 1934, Benjamin Graham, the creator of securities analysis, wrote that there are three forces behind a market crash.

1. The manipulation of stocks.
2. The lending of money to buy stocks.
3. Excessive optimism.

Let's assess the level of each factor today.

This article was originally published on Feb. 15, 2007. It has been updated.
Post-mortem: Why did the markets crash?

So, what caused this bloodbath? While the first prognosis of the crisis was that fears of recession in the US brought in the market crash in India, some experts hinted that the markets might be entering a phase of consolidation.

Experts point out that the market movements are based on internal, technical parameters. "The current movements have been caused by margin pressure and heavy selling by the FIIs in the face of bad global clues," market analyst Ashwini Gujaral says.

The global cues were very weak over the weekend. The European markets declined quite heavily on Friday, while the US indices underwent a milder fall. Asian markets were down heavily on Monday morning and there was enough indication that another global sell-off was under way.

SEE:

Black Gold

U.S. Economy Entering Twilight Zone

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One Sided War

The continuing one sided war that is Israel's occupation of Palestine continues though of course from the media perspective we get here there are two sides engaged in 'violence'.

UN chief demand stopping violence in Gaza, southern Israel

Israeli-Palestinian violence in Gaza pushed peace efforts to the sidelines as militants threatened revenge for Israeli attacks that killed at least 24 people over two days, and Palestinian moderates joined in condemning Israel.
In a botched attack on Wednesday, an Israeli missile hit the wrong vehicle, killing a 12-year-old boy, his father and uncle. Later Sunday, two militants were killed in an airstrike in central Gaza.

Ah violence that wonderful media phrase that places blame equally on both sides on both parties in a conflict. When the state attacks protesters its because of the threat of violence so they respond with real violence. When the army attacks a village it is because of the threat to them and they respond with violence.

No blame is placed on who engaged in the violence first. Police and Army fully decked out in protective gear, Kevlar bullet proof armour, shields, helmets, clubs, gas, rubber bullets and real ones, attack the unarmed unprotected protesters or villagers, like Knights of olde attacking the peasants.

In the case of Israel the reporting always is about how they are responding with violence because they have been attacked. But if you read between the lines what you see is that Israel has attacked Gaza consistently since last summer. It has refused to allow Palestinians free movement, it keeps them in the townships under curfew, it cuts of money, supplies, fuel and electricity.

Analysis: What now for Hamas?

Ever since the Hamas military takeover of Gaza in June, the territory has been subjected to an economic siege. Israel labelled the Hamas-controlled Gaza a "hostile entity".

In September 2007, Israel declared Gaza a 'hostile entity'; while in October it began a series of 'apparently punitive' measures, including large reduction of fuel supplies.

Since June2007, Israel has been imposing a strict closure on Gaza after Hamas has taken over Gaza amidst a power struggle with Fatah party of President Mahmoud Abbas, who embraces a peace strategy.

Gaza's last power station closes as Israel blocks supplies

Israel Blocks Supplies, Steps Up Gaza Airstrikes

Israel Closes Gaza Border Crossings

Israel closes Gaza Crossing to UN Aid and Kills 37 Palestinians

HOLON, ISRAEL, 20 January 2008 (IRIN) - With violence in the Gaza Strip and along Israel's southern border escalating, a small hospital in Israel offers a ray of hope for a handful of seriously ill Gazans.

"This child would have died without surgery," said Dr Alona Raucher-Sternfeld, as she simultaneously looked at the small Palestinian baby, Jamal, and the echo machine checking his heart.

Six-month-old Jamal came with his grandmother, Haifa, from the Dir al-Balah refugee camp in the Gaza Strip to get a check-up on 15 January at the Wolfson medical centre, an Israeli governmental hospital in Holon, a suburb of Tel Aviv.

Jamal was operated on here when he was two months old, suffering from two heart defects. His tiny size further complicated the surgery, which was ultimately a success, the doctor said.

"When he came here, he was blue. It was an emergency," Raucher-Sternfeld said, reviewing the initial referral from Al-Awda hospital in Gaza.
The surgery, hospital stay and logistics in bringing him out of Gaza were coordinated and partially funded by Save a Child's Heart, an Israeli humanitarian organisation, with some European Union donations. In 2007, 128 Palestinian children from the West Bank and Gaza Strip, all suffering from heart conditions, were treated by the programme and the hospital.

Israeli rules

However, even this organisation could not bend the tight restrictions at the Erez border crossing between Israel and Gaza. Jamal's 24-year-old mother is too young to be allowed out of the enclave, according to Israeli security regulations, and the grandmother was sent as an escort instead.

Col Nir Press, head of the Israeli coordination and liaison administration in Gaza, recently said Israel requires rigid security rules, as Palestinian militants have, in the past, taken advantage of permits issued for medical reasons. In 2004, for example, four Israeli soldiers at the Erez crossing were killed when a Palestinian patient blew herself up inside the terminal.

Press also said the number of permits to Israel issued for medical reasons had risen 50 percent in 2007 compared to the previous year. Some foreign aid workers said this was a result of the closure of the Rafah border crossing with Egypt.

Young people not allowed to leave Gaza

Sometimes, simple mistakes of clerks, or clogged up bureaucracy, cause problems.

One-year-old Shahed, from northern Gaza, came with her grandmother to the hospital late in the day. They had been held up at Erez for an extended period of time, as someone had mistakenly entered the wrong date on the permit application.

The aging woman collapsed on the floor as she finally reached the hospital waiting room, tears of exhaustion - but also relief- rolling down her cheeks. She said she ran around inside the Erez terminal, trying to speak with Palestinian and Israeli officials, explaining she had an appointment for the young baby, who recently had a pacemaker put in by the Wolfson surgical team.

"I have diabetes, I'm not strong" she said, breathing heavily, as Jewish and Arab hands helped her into a chair. Like all Palestinians, she brought with her a small but weighty valise, just in case the doctors would make them stay more than one day.

Shahed's 19-year-old mother and 20-year-old father have little chance of leaving the enclave.

It attacks with military raids, missile attacks and bulldozers used against the civilian population which it justifies as being attempts to control Hamas. These attacks on Gaza are often unprovoked, just Israeli occupation policy in practice.

Olmert describes Israel-Gaza violence as "war"

When Hamas and others in occupied Gaza resist with ineffective rocket attacks, which kill no one, barely ever damage property, and basically end up landing in empty fields, this makes the news and is used by the Israeli propaganda machine to justify their continuation of more aggressive military occupation and suppression in Gaza.

Hamas fires over 160 rockets into Israel since Tuesday

Darkness falls on Gaza as Israel takes revenge for rocket attacks

More Palestinian civilians die daily in Gaza as Israeli rocket attacks miss their targets, if they were ever intended to actually hit a Hamas target, and hit wedding parties, or folks gathered in the market.

VOICES IN GAZA SCREAM OUT FOR HELP

Today, children were playing in the streets of Gaza, scores were rushed to hospital with blood pouring out of their little limbs, heads, eyes and nose…Israel bombed Gaza again.40 dead, 100 injured and out of the 100, 45 were children. 45 children not older than 10, soaked in blood. Their own.

More than 37 Palestinians, including at least 11 civilians, have been killed in air and artillery bombings since Israel launched the offensive on Tuesday.

Palestinians stand in front of a destroyed building of Hamas's Interior Ministry after it was targeted by an Israeli missile in Gaza Jan. 18, 2008. Israel closed border crossings with the Gaza Strip and destroyed the Hamas-run Interior Ministry on Friday in what witnesses said was an air strike, stepping up what it says is a campaign to halt Palestinian rocket attacks.(Xinhua Photo)

GAZA, Jan. 18 (Xinhua) -- One Palestinian woman was killed and 46 others were injured in a fresh Israeli strike near the abandoned headquarters of the Hamas-run interior ministry in Gaza City on Friday, the Doha-based al-Jazeera Satellite Channel reported.

A letter from Gaza
1.5 millions in Gaza are punished collectively now

Dr. Medhat Abbas, Crisis management Palestinian Health Ministry

January 20, 2008 Dear All, Assalam Alykom About (30) strikes were implemented by the Israeli army on Gaza Strip between 14/1/2008 to 19/1/2008 evening . The attacks resulted in (36) martyrs. out of them (3) Ladies and (5) children. The number of those who were injured was (90) out of them there were (9) critical cases and (4) cases of amputations in the limbs (two cases lost their both lower limbs) out of the total casualties (35) were children while the women were (7). On 18/1/2008, the military campaign against the Gaza Strip was crowned by the announcement of sealing all the borders outlets leading to the Gaza Strip, which led to the interruption of all ways of life in the Gaza Strip. Nothing is entering Gaza now, nothing is getting out side it !!! Without exception, no fuel or food and medicines while we are living in the gloom the majority of time as a result of cutting the electricity. The Zionist Israeli occupation has been practising a collective punishment against 1.5 millions in Gaza. The punishment does not exclude children, women or elderly.No patients will travel abroad for treatment now, whatever their health status, before the 18th of January Israelis used to refuse almost 26% of the patients applying to travel for treatment. Today it is 100% closure, the patients now have to face their destiny and to die in peace. No coffins in Gaza any more, there is not even Cement to build their graves. So the people have to starve, the people have to be targeted by the unmanned planes, and when wounded there should be no treatment, and later no coffins or grave when they die. This is the reality. Imagine that Israelis are controling the milk of the babies in Gaza. What sort of respect for international conventions is it?? Dr. Medhat Abbas Crisis management Palestinian Health Ministry

:: Article nr. 40285 sent on 21-jan-2008 01:10 ECT
www.uruknet.info?p=40285

When they do blow up a car full of Palestinians we can never be sure they were civilians because the Israeli propaganda machine informs the Western Media that they have successfully targeted and taken out a group of nameless faceless Hamas militants. In effect every Palestinian living in Gaza is a nameless Hamas militant.

Israeli missile strikes kill two Gaza militants

Israeli Troops Kill Militants in West Bank, Gaza in Separate Attacks

Pregnant Detainee delivers her baby under harsh conditions

Friday January 18, 2008 - 23:39

Palestinian Ministry of Detainees, in the West Bank city of Ramallah, reported on Friday that detainee Fatima Al Ziq, from Gaza, delivered her baby, Yousef, in Kfar Saba Israeli hospital. She was subjected to harsh treatment while being transferred to the hospital and was cuffed.

This is not a war of defense as is often proclaimed by Israel and its apologists in the Bush and Harper governments, this is a war of aggression by Israel in territories it considers under its control.

According to the Shin Bet, Israel's domestic security service, fewer Israelis were killed by Palestinian attacks in 2007 than in any other year since the outbreak of the Palestinian uprising in late 2000. "The Good Year," proclaimed the daily Yediot Aharonot in a banner headline Jan. 1.

With the decline in attacks, the building of an Israeli separation barrier in the West Bank and the deepening isolation of the Hamas-controlled Gaza Strip, the conflict is receding to the margins of consciousness of many Israelis.

It is a war of terror against the Palestinian peoples, and their counter attacks are then used to justify further violence by the Israeli state.It is not a measured response, it is a policy of hitting back with twice the strength and power to teach a lesson. However that lesson falls flat when you are the aggressor in the first place, the occupying power, the giver and taker of life. Like the Borg of Star Trek Israeli policy in Gaza is to remind Palestinians to accept their imprisonment and punishment for resistance is futile.

Internal Security Minister Avi Dichter expressed a harsh reality to Prime Minister Ehud Olmert Sunday, warning that “without military deterrence in Gaza, Sderot could very well collapse.”

Dichter added that “the government must instruct the IDF to eliminate the rocket fire from Gaza entirely. These attacks need not be minimized or managed, but stopped completely irrespective of the cost to the Palestinians.”

The internal security minister noted that 180 Qassam Rocket have been fired at Gaza vicinity communities since the start of 2008. Referencing his recent visit to Sdeort he stated that “the weekend was absolutely terrible on them. After a draining week like that I would expect the IDF chief of staff to address the government as well.”

Responding to Dichter’s scathing criticism, Defense Minister Ehud Barak replied that Israel must uphold its current policy vis a vie Gaza.

"We are impacting the overall quality of life in Gaza and destroying the terror infrastructure," said Barak.

As the cabinet meeting opened, Olmert praised IDF and Shin-Bet operations in the Gaza Strip, and noted that such strikes will continue.

Also during the cabinet meeting, Housing Minister Ze'ev Boim addressed the crisis in Gaza, precipitated by the blockade imposed on the Strip by the defense minister Thursday. This in light of persistent rocket attacks originating from the region.
“We should not manufacture a humanitarian crisis in Gaza. Its residents are hostages of a deranged regime, but there is no real humanitarian crisis there,” said Boim. The housing minister also attacked the UN, which condemned Israel following the Gaza closure. “I don’t hear the UN speak out for residents of Gaza vicinity communities which have been living in the shadow of rocket salvos for weeks, months and even years,” he said.

The Bush visit to the Middle East further reinforced this message as did the visit on his coat tails of Canada's Minister of Foreign Affairs; Maxime Bernier. Sure they promote a two state solution, but one of those states; Palestine will not be determined by the Palestinian people rather it will be a state designed for them by Israel and its allies. At best it will be a colony of Israel, what they once occupied with military force they will concede to the management of their selected Palestinian compradors.

Peres: Public will rule on any deal reached with Palestinians

Palestinian President Mahmoud Abbas on Friday accused Gaza's Hamas rulers of trying to destroy the Palestinian dream of statehood, saying the Islamist group's violent takeover of the coastal strip last June "destroyed and tries to destroy our dreams, future and national aspirations".

RAMALLAH, West Bank (AP) - The repeated bouts of Israel-Gaza fighting are fueled by a three-way standoff between Israel, the Islamic militant Hamas and moderate Palestinian President Mahmoud Abbas, with none able to win the upper hand.
Only an Israeli-Palestinian peace deal or an Israeli reoccupation of Gaza would likely break through the deadlock.

Abbas and his aides, meanwhile, complain that Israel is using the Gaza quagmire as an unfair pressure tool in peace talks. Israeli Prime Minister Ehud Olmert has said peace talks cannot move forward unless the Palestinians halt rocket fire, a position endorsed by U.S. President George W. Bush in his recent visit.

Yet Olmert has not said how he expects Abbas to do what Israel has been unable to achieve.

Abbas aid Nabil Amr said Israeli negotiators routinely raise the Gaza issue whenever their Palestinian counterparts demand that Israel halt West Bank settlement expansion, as required under a U.S.-backed peace plan. «When we raise the settlements as a condition to continue (negotiations), they raise the legitimacy in Gaza,» Amr said. «The Israelis use it, and Abu Mazen (Abbas) cannot do anything because he is not there.

SEE:

Surf's Up In Gaza

Rachel Corrie Story Banned In Canada

Thank The New Canadian Government

Canada Forces Palestinans Into Poverty

Unemployment Breeds Terrorism

Kristallnacht In Gaza


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MLK Day

In honour of it being Martin Luther King Day in the U.S.A I thought I would repost this;

Martin Luther King Voice of the Working Class

His I Had A Dream Speech was delivered to a Civil Rights rally organized by Phillip Randolph VP of the AFL/CIO.

This is the fortieth anniversary of his assassination in 1968 while in Memphis fighting for workers rights and a living wage.

Memphis, Tennessee. April 4, 1968. A bullet from an assassin’s high-powered rifle strikes Dr. Martin Luther King, Jr., and throws him to the balcony floor outside his room at the Lorraine Motel.

Most Americans know that Dr. King died in Memphis, but few of them recall why he traveled there. In the last year of his life, King changed his focus from civil rights issues to ending the war in Vietnam and ending poverty at home. In early 1968, 1,300 mostly black, underpaid sanitation workers in Memphis went on strike for better working conditions and union recognition. King heeded the call to Memphis to support these striking workers who epitomized the poverty and economic injustice he planned to dramatize with his Poor People’s Campaign.

University of Washington history professor Michael K. Honey has written the first definitive history of the sanitation workers strike in his new book, Going Down Jericho Road: The Memphis Strike and Martin Luther King’s Last Campaign (W.W. Norton, 2007). The book weaves the stories of the workers, activists, and local politicians with a detailed account of the last weeks of King’s life. Cornel West called the book “a magisterial account of this neglected period.” Publisher’s Weekly and Library Journal honored Jericho Road with starred reviews.

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Nothing New Here Move On

New party for Alberta's right It's not a new party it's the same old right wing rump of Social Credit.

A clone by any other name;Wildrose Alliance Party born in Alberta

Another good reason for supporting abortion on demand.

SEE

0+0=0

Wild Rose Party In and Out Scheme

Rent A Crowd

More Shills For Big Oil

Link Byfield's New Party

Link Byfield Goes AA

Where's The NDP?

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