"Each time a person stands up for an ideal, or acts to improve the lot of others. . .they send forth a ripple of hope, and crossing each other from a million different centers of energy and daring, those ripples build a current that can sweep down the mightiest walls of oppression and resistance."Robert F. Kennedy
Using grade school physics of both Newtonian and Nuclear models, does anyone foresee counter currents of sufficient size to minimize/change direction of the huge 'Tsunami' roaring down on us, taking away not only our Freedom, but our Lives? Regardless if our salaries are dependant on us not knowing the inconvenient truths of reality (global warming, corporate rule, stagnant energy science) portrayed by the rare articles in the news media? I know only one - a free science, our window to Reality - that easily resolves the Foundational Problem of Quantum Physics and takes E=MC2 out of Kindergarten
Freedumb, Freedumb, Read All About It!"A Free Trade, Free Market, Free Corporate, Unregulated Economy run like Al Capone's Casino Joint, and Policed by Al Capone". Is this the best University MBA/PHD Masters and Government Regulators can provide? PEOPLES LIVES DEPEND UPON THE ECONOMIC SYSTEM. The economic system is not singularly a tool for profit, and the hell with Life. "We now have to pay for the greed and recklessness of those who should have known better.” It is time, Mr. Schumer said, for the American economy to be revived as the “engine of prosperity,” rather than as a “casino” for high-rollers in the realm of finance.
How, in a world of exploding human population, with unparalleled needs, wants and desires, can the economy keep falling, with more and more working people around the world, poorer, lacking basic needs and going hungry... this can only be termed Freakohnomics: The new 21st Century Supply & Demand Economics - absolute greed, absolute power brings on absolute madness - Turns into Freakohnomics gone berserk. Or mafia economics by deliberate Design - the greater the need, the higher the price for all commodities required to sustain Life. The Outcome, economic strangulation and workaholic enslavement of a people was not designed by the lord thy God, nor (for the non-believer) is it a Natural or Nature's Law, nor a Scientific Law
What factors changed Market Supply & Demand Fundamentals to Freakohnomics gone berserk? From cheaper goods and services available to all through continual advances in science, technology and mass production, to 'Whatever The Market Will Bear'depending on how great the need for sustaining Life?
The Deadly Dangers of a Mis-informed, Dis-informed & Un-informed Population, Ultimately to Itself, History Provides Ample Evidence. The Solution:The Promise of New Energy Systems & Beyond Oil
Mild shock and disbelief barely registered in the nation of the most productive, overworked, underpaid, underinsured, vacation deprived, low paid slave/workers in the world, as they watched their bridges fall down along with their retirement savings in equity & stocks, while their taxes, gas, energy and food costs continued skyrocketing to uncharted realms and many continue to lose their homes and go hungry; as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans). As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.
Freedumb, Freedumb, Read All About It!"A Free Trade, Free Market, Free Corporate, Unregulated Economy run like Al Capone's Casino Joint, and Policed by Al Capone". Is this the best University MBA/PHD Masters and Government Regulators can provide? PEOPLES LIVES DEPEND UPON THE ECONOMIC SYSTEM. The economic system is not singularly a tool for profit, and the hell with Life. "We now have to pay for the greed and recklessness of those who should have known better.” It is time, Mr. Schumer said, for the American economy to be revived as the “engine of prosperity,” rather than as a “casino” for high-rollers in the realm of finance.
What factors changed Market Supply & Demand Fundamentals to Freakohnomics gone berserk? From cheaper goods and services available to all through continual advances in science, technology and mass production, to 'Whatever The Market Will Bear'depending on how great the need for sustaining Life?
The answers lie in Power, Greed, and Stagnant Energy Science. In a world of exploding human population, with its myriad needs, wants and desires, the economy keeps falling, with more and more working people around the world, poorer, lacking basic needs and going hungry. Freakohnomics: The new 21st Century Supply & Demand Economics - absolute greed, absolute power brings on absolute madness - Turns into Freakohnomics gone berserk. Or mafia economics by deliberate Design - the greater the need, the higher the price for all commodities required to sustain Life. The Outcome, economic strangulation and workaholic enslavement of a people was not designed by the lord thy God, nor (for the non-believer) is it a Natural or Nature's Law, nor a Scientific Law The Deadly Dangers of a Mis-informed, Dis-informed & Un-informed Population, Ultimately to Itself, History Provides Ample Evidence. The Solution:The Promise of New Energy Systems & Beyond Oil
Mild shock and disbelief barely registered in the nation of the most productive, overworked, underpaid, underinsured, vacation deprived, low paid slave/workers in the world, as they watched their bridges fall down along with their retirement savings in equity & stocks, while their taxes, gas, energy and food costs continued skyrocketing to uncharted realms and many continue to lose their homes and go hungry; as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans). As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.
NYT September 27, 2008 S.E.C. Concedes Oversight Flaws Fueled Collapse By STEPHEN LABATON WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down. The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks. Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.” “The last six months have made it abundantly clear that voluntary regulation does not work,” he said in a statement. The program “was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily. The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate” of the program, and “weakened its effectiveness,” he added. Mr. Cox and other regulators, including Ben S. Bernanke, the Federal Reserve chairman, and Henry M. Paulson Jr., the Treasury secretary, have acknowledged general regulatory failures over the last year. Mr. Cox’s statement on Friday, however, went beyond that by blaming a specific program for the financial crisis — and then ending it. On one level, the commission’s decision to end the regulatory program was somewhat academic, because the five biggest independent Wall Street firms have all disappeared. The Fed and Treasury Department forced Bear Stearns into a merger with JPMorgan Chase in March. And in the last month, Lehman Brothers went into bankruptcy, Merrill Lynch was acquired by Bank of America, and Morgan Stanley and Goldman Sachs changed their corporate structures to become bank holding companies, which the Federal Reserve regulates. But the retreat on investment bank supervision is a heavy blow to a once-proud agency whose influence over Wall Street has steadily eroded as the financial crisis has exploded over the last year. Because it is a relatively small agency, the S.E.C. tries to extend its reach over the vast financial services industry by relying heavily on self-regulation by stock exchanges, mutual funds, brokerage firms and publicly traded corporations. The program Mr. Cox abolished was unanimously approved in 2004 by the commission under his predecessor, William H. Donaldson. Known by the clumsy title of “consolidated supervised entities,” the program allowed the S.E.C. to monitor the parent companies of major Wall Street firms, even though technically the agency had authority over only the firms’ brokerage firm components. The commission created the program after heavy lobbying for the plan from all five big investment banks. At the time, Mr. Paulson was the head of Goldman Sachs. He left two years later to become the Treasury secretary and has been the architect of the administration’s bailout plan. The investment banks favored the S.E.C. as their umbrella regulator because that let them avoid regulation of their fast-growing European operations by the European Union. Facing the worst financial crisis since the Great Depression, Mr. Cox has begun in recent weeks to call for greater government involvement in the markets. He has imposed restraints on short-sellers, market speculators who borrow stock and then sell it in the hope that it will decline. On Tuesday, he asked Congress for the first time to regulate the market for credit-default swaps, financial instruments that insure the holder against losses from declines in bonds and other types of securities. The commission will continue to be the primary regulator of the companies’ broker-dealer units, and it will work with the Fed to supervise holding companies even though the Fed is expected to take the lead role. The Fed had already begun regulating Wall Street firms that borrowed money under a new Fed lending program, and the S.E.C. had entered into an agreement under which its examiners worked jointly with Fed examiners, an arrangement that is expected to continue. The S.E.C. will still have primary responsibility for regulating securities brokers and dealers. The announcement was the latest illustration of how the market turmoil was rapidly changing the regulatory landscape. In the coming months, Congress will consider overhauls to the regulatory structure, but the markets and the regulators are already transforming it in response to events. Still, the inspector general’s report made a series of recommendations for the commission and the Federal Reserve that could ultimately reshape how the nation’s largest financial institutions are regulated. The report recommended, for instance, that the commission and the Fed consider tighter limits on borrowing by the companies to reduce their heavy debt loads and risky investing practices. The report found that the S.E.C. division that oversees trading and markets had failed to update the rules of the program and was “not fulfilling its obligations.” It said that nearly one-third of the firms under supervision had failed to file the required documents. And it found that the division had not adequately reviewed many of the filings made by other firms. The division’s “failure to carry out the purpose and goals of the broker-dealer risk assessment program hinders the commission’s ability to foresee or respond to weaknesses in the financial markets,” the report said. The S.E.C. approved the consolidated supervised entities program in 2004 after several important developments in Congress and in Europe. In 1999, the lawmakers adopted the Gramm-Leach-Bliley Act, which broke down the Depression-era restrictions between investment banks and commercial banks. As part of a political compromise, the law gave the commission the authority to regulate the securities and brokerage operations of the investment banks, but not their holding companies. In 2002, the European Union threatened to impose its own rules on the foreign subsidiaries of the American investment banks. But there was a loophole: if the American companies were subject to the same kind of oversight as their European counterparts, then they would not be subject to the European rules. The loophole would require the commission to figure out a way to supervise the holding companies of the investment banks. In 2004, at the urging of the investment banks, the commission adopted a voluntary program. In exchange for the relaxation of capital requirements by the commission, the banks agreed to submit to supervision of their holding companies by the agency.
Freedumb, Freedumb, Read All About It! “We were told that markets knew best, and that we were entering a new world of global growth and prosperity,” Mr. Schumer said as the committee greeted Mr. Bernanke, who is testifying on Capitol Hill for a second consecutive day. “We now have to pay for the greed and recklessness of those who should have known better.” It is time, Mr. Schumer said, for the American economy to be revived as the “engine of prosperity,” rather than as a “casino” for high-rollers in the realm of finance. What factors changed Market Supply & Demand Fundamentals to Freakohnomics gone berserk? From cheaper goods and services available to all through continual advances in science, technology and mass production, to 'Whatever The Market Will Bear'depending on how great the need for sustaining Life? The answers lie in Power, Greed, and Stagnant Energy Science. In a world of exploding human population, with its myriad needs, wants and desires, the economy keeps falling, with more and more working people around the world, poorer, lacking basic needs and going hungry. Freakohnomics: The new 21st Century Supply & Demand Economics - absolute greed, absolute power brings on absolute madness - Turns into Freakohnomics gone berserk. Or mafia economics by deliberate Design - the greater the need, the higher the price of all commodities required to sustain Life. The Outcome, economic strangulation and workaholic enslavement of a people was not designed by the lord thy God, nor (for the non-believer) is it a Natural or Nature's Law, nor a Scientific Law The Deadly Dangers of a Mis-informed, Dis-informed & Un-informed Population, Ultimately to Itself, History Provides Ample Evidence. The Solution:The Promise of New Energy Systems & Beyond Oil
Mild shock and disbelief barely registered in the nation of the most productive, overworked, underpaid, underinsured, vacation deprived, low paid slave/workers in the world, as they watched their bridges fall down along with their retirement savings in equity & stocks, while their taxes, gas, energy and food costs continued skyrocketing to uncharted realms and many continue to lose their homes and go hungry; as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans). As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.
NYT September 25, 2008 President Issues Warning to Americans By DAVID STOUT WASHINGTON — President Bush urged the American people and their lawmakers on Wednesday night to support his administration’s vast economic-recovery package, saying that a failure to do so could plunge the United States into “a long and painful recession.” “Fellow citizens, we must not let this happen,” the president said in a speech from the White House. Mr. Bush sought to rally the country in the kind of bipartisan effort he said was needed, not just to preserve American investment firms and big businesses but the savings and aspirations of millions of citizens in cities and on farms across the country. “This rescue effort is not aimed at preserving any individual company or industry,” Mr. Bush said. “It is aimed at preserving America’s overall economy.” The $700 billion plan his administration has put forth would normally be anathema to him, Mr. Bush said, because he typically would adhere to his philosophy that “companies that make bad decisions ought to be allowed to go out of business.” But these are not normal times, he said, warning that without quick action, “America could slip into a financial panic.” The president’s address, about 15 minutes long, was at once a plea for political action, an appeal to ordinary Americans that he understands their frustration and anger and a reaffirmation of his basic faith in capitalism. One cause of the current problems, he said, is that for years foreign money poured into the United States because it is such a good place to do business. But he conceded what has become obvious in recent months: that confidence led to excessive optimism about the prices of houses, excesses by borrowers and lenders alike and, ultimately, far too much faith in complex mortgage-backed securities. “We cannot risk an economic catastrophe,” the president said at the outset. Later, he said that “the irresponsible actions of some” should not undermine the financial security of all. There will be time enough later, he said, to reassess the creaky regulatory structure that led to the financial crisis. The president said he was optimistic that, once the government starts buying troubled mortgage-backed securities that “money will flow into the Treasury,” recovering “most if not all” of the taxpayer money used to purchase them. When that happens, he said, a signal will be send “around the world” that America’s financial system is “back on track.” Mr. Bush’s speech included conciliatory language toward Congress, in recognition of what he called “a tough vote for many members,” who have heard from their angry constituents. He emphasized that the bailout was “not aimed at preserving any individual company or industry,” but rather America’s overall long-range economic foundation. Should the recovery plan not gain the support it needs, it will not just be Wall Streeters who suffer, the president said, but people who have worked hard to build good credit ratings so they can take advantage of their prudence when they need loans for buying homes, sending children to college and starting businesses. Shortly before Mr. Bush’s speech — possibly the last prime-time address of his presidency to the nation — the White House announced that the president had invited the men who want to succeed him, Senators Barack Obama and John McCain, and Congressional leaders to a meeting on Thursday in the hope of securing an accord. The two presidential candidates released a joint statement calling on members of Congress to work together. “This is a time to rise above politics for the good of the country,” the statement said. “We cannot risk an economic catastrophe.” The program’s basic premise calls for the Treasury Department to oversee the purchase of distressed mortgage-backed securities, and hopefully resell them to recoup at least some of the taxpayers’ money used to buy them. Mr. Bush’s speech loomed as perhaps the most important of his presidency since the days immediately after the terrorist attacks of Sept. 11, 2001. Moreover, the president and his speech-writers faced a delicate problem of tone: How to convey a sense of concern so as to muster support for the bailout program, yet not sound so pessimistic as to overly alarm millions of Americans and, perhaps, affect the markets. A few hours before Mr. Bush’s speech, Treasury Secretary Henry M. Paulson Jr. agreed to demands from lawmakers in both parties to limit the pay of executives whose companies benefit from the bailout. The sizable pay packages of some Wall Street executives, coupled with the realization among nonwealthy Americans that the crisis could affect their financial foundations, have created an incendiary issue on Capitol Hill. “The American people are angry about executive compensation, and rightfully so,” Mr. Paulson told the House Financial Services Committee. “Many of you cite this as a serious problem, and I agree. We must find a way to address this in legislation without undermining the effectiveness of the program.” As for the president’s television appearance, Senator Harry Reid of Nevada, the Democratic majority leader, said beforehand that the president should use it to explain things to the American people. “Today we face what economists call the gravest economic danger since the Great Depression,” Mr. Reid said on the Senate floor. “We’ve come to this point after eight years of President Bush waging a war on fiscal responsibility. His Republican philosophy of removing all accountability from big business — and expecting no responsibility from them in return — has created this crisis that now threatens to devastate America’s working families.” “It is time for him to explain how eight years of deregulation policies have brought us to this dangerous ground,” Mr. Reid said. “And most importantly, it is time for him to explain how his plan — drafted literally under cover of darkness — will help America weather this storm.” Earlier Wednesday, the Federal Reserve chairman, Ben S. Bernanke, urged Congress to take quick action on the proposed $700 billion economic recovery plan, and warned that delays threatened not only financial stability in the United States but also, by implication at least, prosperity overseas. “Despite the efforts of the Federal Reserve, the Treasury and other agencies, global financial markets remain under extraordinary stress,” Mr. Bernanke told the Joint Economic Committee. “Action by the Congress is urgently required to stabilize the situation and avert what otherwise could be very serious consequences for our financial markets and our economy.” The chairman of the committee, Senator Charles E. Schumer, said that all but “a few outliers” among lawmakers agreed that some version of the plan to rescue the American financial system must be approved, and soon. But he said it would not be passed without adequate safeguards. “We will not be dilatory, we will not add extra amendments, we will not Christmas-tree this bill,” Mr. Schumer, Democrat of New York, said, a reference to the lawmakers’ occasional propensity to tack special-interest items onto legislation. Mr. Bernanke said that international trade “provided considerable support for the U.S. economy over the first half of the year,” but that this stimulus could not be counted on in the long run. “Economic activity has been buoyed by strong foreign demand for a wide range of United States exports, including agricultural products, capital goods and industrial supplies, even as imports declined,” he said. “However,” Mr. Bernanke went on, “in recent months, the outlook for foreign economic activity has deteriorated amid unsettled conditions in financial markets, troubling housing sectors and softening sentiment. As a consequence, in coming quarters, the contribution of net exports to United States production is not likely to be as sizable as it was in the first half of the year.” Mr. Bernanke’s remarks added to the continuing sense of urgency, as he alluded to extraordinarily levels of uncertainty and risk, well beyond the sagging housing market whose troubles are at the core of the problems. “Given the extraordinary circumstances, greater-than-normal uncertainty surrounds any forecast of the pace of activity,” Mr. Bernanke said. Overall growth will probably continue “below its potential rate,” he said, and “the inflation outlook remains highly uncertain.” The session offered a blend of concerns over financial markets, both on Wall Street and abroad, and intensely political worries for the lawmakers as Election Day draws near. Mr. Schumer said he and other lawmakers were listening to their constituents, who were reacting with “amazement, astonishment and intense anger” to the original outlines of the $700 billion plan, as laid out by the Bush administration, and to the high-risk behavior that spawned the crisis. “We were told that markets knew best, and that we were entering a new world of global growth and prosperity,” Mr. Schumer said as the committee greeted Mr. Bernanke, who is testifying on Capitol Hill for a second consecutive day. “We now have to pay for the greed and recklessness of those who should have known better.” It is time, Mr. Schumer said, for the American economy to be revived as the “engine of prosperity,” rather than as a “casino” for high-rollers in the realm of finance. “With the exception of a few outliers on either side, there is clear recognition among members of both parties that we must act and act soon,” Mr. Schumer said. But without adequate safeguards, he said, “then we risk the plan failing.” Mr. Bernanke, who reminded lawmakers on Tuesday that his background was in academe, not Wall Street, told Mr. Schumer’s panel that the Federal Reserve believes in general that “private sector arrangements” were best in straightening out problems in the financial markets. “Government assistance should be given with the greatest of reluctance and only when the stability of the financial system and, consequently, the health of the broader economy is at risk,” Mr. Bernanke said. And now is such a time, he said. Meanwhile, doubts were raised about the ultimate cost of the bailout, assuming it was approved in some form. Until more details emerge about what the government will buy, and how, the director of the Congressional Budget Office said it could not provide “a meaningful estimate of the ultimate cost” to taxpayers. Over time, Peter R. Orszag of the nonpartisan budget office told the House Budget Committee, the cost could be less than $700 billion. The challenge, he said, was for the Treasury to avoid taking the riskiest assets off Wall Street’s hands unless it can get them at fire-sale prices.
“We must not allow the burden of the boundless greed of a few to be shouldered by all,” said President Luiz Inácio Lula da Silva of Brazil in an opening speech that reflected the tone of the gathering." US World Image Projection Continues to Fade: "for the corporation, by the corporation, of the corporation", "above the law, bought the law, creates the law", I concede! These are not conspiracies! As all the experts have screamed, "these are market fundamentals". What else can be expected with deliberate design flaws in the Economic & Judicial systems rules and laws which ignore Reality, lopsidedly benefiting corporate greedy guts? Where science and facts play second fiddle to the power of the Mouth backed by money? Is the current status quo in energy science the best 21st Century Intelligence has to offer?
There is not an intelligent being alive that could not understand Natural Capitalism with justice and economics based on natural laws, facts and unfettered science; where human life comes first and foremost, the primary factor upon which justice and profit is gaged: the greater the health and prosperity of all, the greater the justice and profits for all (simple numbers game). So who CHOKED THE ECONOMIC SYSTEM, where trickle down became waterfall up - an economic system topped with scientific suppression of advanced energy systems from the late 1940's? (i.e., Advanced Energy Systems without which Human Life Cannot Continue to Evolve and Survive)
Mild shock and disbelief barely registered in the nation of the most productive, overworked, underpaid, underinsured, vacation deprived, low paid slave/workers in the world, as they watched their bridges fall down, while their taxes, gas and energy costs continued skyrocketing to uncharted realms, as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans).
As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.
September 24, 2008 Upheaval on Wall St. Stirs Anger in the U.N. By NEIL MacFARQUHAR UNITED NATIONS — Wall Street and the Bush administration’s record of financial oversight came under attack at the United Nations on Tuesday, with one world leader after another saying that market turmoil in the United States threatened the global economy. “We must not allow the burden of the boundless greed of a few to be shouldered by all,” said President Luiz Inácio Lula da Silva of Brazil in an opening speech that reflected the tone of the gathering. The annual opening of the General Assembly habitually casts a shadow over New York every September, snarling traffic and tempers. But this year it is New York, or at least Wall Street, projecting its shadow back across the United Nations. Virtually every president or monarch from around the globe made some reference to the financial upheaval, and the looming cloud was also the buzz of the back corridors. With a pillar of American power — its financial leadership — so badly shaken, there was a certain satisfaction among some of the attendees that the Bush administration, which had long lectured other nations about the benefits of unfettered markets, was now rejecting its own medicine by proposing a major bailout of financial firms. But there was also serious concern that the United States had not policed its markets carefully enough to prevent the damage to its economy and others, making it much harder to raise money for the world’s most vulnerable people. “The global financial crisis endangers all our work,” said the secretary general, Ban Ki-moon, who used his opening remarks at the General Assembly to question the reliance on free markets. “We need a new understanding on business ethics and governance, with more compassion and less uncritical faith in the ‘magic’ of markets.” President Bush, making his eighth and last address to the United Nations, with which he has had a troubled relationship, sought to reassure world leaders that his administration was taking “bold steps” to stanch the economic crisis in the United States, which, he said, “would have a devastating effect on other economies around the world.” Amid a long ode to the importance of continuing the fight against terrorism, he devoted one paragraph to the rescue plan. “We’ve promoted stability in the markets by preventing the disorderly failure of major companies,” Mr. Bush said. He noted that many were watching how the United States responded because economies were “more closely connected than ever before.” But for some leaders, the Bush bailout plan seemed hypocritical given the tough course Washington has often advised struggling nations to take. “What you are seeing here is the letting off of some political steam,” said Mark Malloch Brown, a British cabinet minister and former senior United Nations official. “They are all remembering the very hard, unforgiving advice that they got from American financial institutions” to “deflate your economy, let your banks go to the wall,” he said. “There is a resentment at what they would see as a further evidence of double standards.” The General Assembly has long served as a handy megaphone for American foes like Fidel Castro of Cuba or President Mahmoud Ahmadinejad of Iran — who this year delivered his standard diatribe against the evils of America and Zionism. The extraordinary nature of the outpouring on Tuesday, however, was that it came from some of America’s closest allies and trading partners — not from those the United States would label political outcasts, but from mainstream countries in Europe, Asia and Latin America. President Nicolas Sarkozy of France described the crisis as the worst financial mess since the Depression of the 1930s and the financial system as “insane.” He called for a summit meeting in November to determine how to address the problems and to develop greater international regulations of financial markets. Many leaders echoed that latter demand. Mr. Sarkozy also said that at a news conference he had talked with Wall Street bankers, but that they claimed not to know who was responsible for the mess. When banks and hedge funds hand out fat bonuses, they are all willing to gloat about their success, Mr. Sarkozy said, “but when there are deficits we don’t know who is responsible.” During a brief appearance with Pakistan’s new president, Asif Ali Zarbari, Mr. Bush acknowledged that world leaders gathering in New York had questioned him about the turmoil and the administration’s response to it, “wondering whether or not the United States has the right plan to deal with this economic crisis.” The American ambassador to the United Nations, Zalmay Khalilzad, said he was not hearing complaints about the financial crisis at his meetings, and suggested that the world leaders accepted that the United States was facing the issue. “We are very agile and we are moving very quickly to deal with it,” he said. Mr. Malloch Brown, the British minister, also noted that if the leaders lambasting the United States from the podium consulted with their finance ministers, they would be likely to find them very happy that Washington was planning a huge bailout. Yet doubts were being raised not just at the United Nations but farther afield, with Germany’s chancellor, Angela Merkel, among the most outspoken. She said that at last year’s meeting of the Group of 8, she had strongly urged both the United States and Britain to be more rigorous in supervising financial activities, and even offered specific proposals to be applied to banks and other institutions. But the United States was not interested, she said. She also seemed to express a certain exasperation that the United States was now asking Europe for help, after inflicting damage on the rest of the world that could have been avoided. “We did what we were supposed to do,” she said in an interview with Münchner Merkur, a German newspaper. “We adopted a decent E.U. regulation on the national statute books,” but “when it came to it, the Americans said, ‘That’s not for us.’ ” The theme promoted for this year’s General Assembly is the development of the world’s poorest nations, laid out in eight targets, including universal primary education and the elimination of maternal mortality, known collectively as the Millennium Development Goals. Mr. Ban had been hoping that member states would renew their commitment to the tune of $72 billion annually, and evidently the turmoil in the markets threw that into question. He told a meeting of business executives on the side of the General Assembly that if the United States could promise $700 billion for Wall Street in one week, then $72 billion should not be such a stretch. There was a certain amount of shellshock left from the wave of bad financial news, but African leaders in particular were holding out the importance of continuing aid. “You cannot but talk about it,” said Elizabeth Ohene, Ghana’s minister of state for education, science and sport, trying to remain optimistic that the huge bailout plan for Wall Street meant there would be plenty of money to go around. It would be far better to invest in the education of children, she told a luncheon gathering, than to use a bunch of fancy financial engineering to bail out Wall Street and other global financial centers. “Believe me,” she said, “it will be much cheaper.” Michael Cooper, Steven Lee Myers and Larry Rohter contributed reporting.
Perpetual Freedumb Toward a Devastatingly Lethal Climax - or a Return to Freedom, Life, Liberty, Health, with Limitless, Unbounded Potential for all, in a world of exploding human population, with its myriad needs, wants and desires? "Where is the courage and responsibility to Freedom and Survival to support a science without secrets, without suppression, and without borders" Science & Technology had the capacity to promise us the latter back in the late 1940's- Life, Liberty, Health, Unbounded Potential for all - with the revolutionary advanced definitions of Space, Time, Mass, Matter, Energy, Gravity (StarSteps) springing forth from an extended view of E=MC2 embracing the Radius of Curvature of AllNatural Law.
The Deadly Dangers of a Mis-informed, Dis-informed & Un-informed Population, Ultimately to Itself, History Provides Ample Evidence. The Solution:The Promise of New Energy Systems & Beyond Oil
As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.
Marching in sync to fulfill Nostradamus's prophesies - control and protection of the oil regions, wherever they may be, at all costs..... As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. The new scientific comprehension would eliminate the caveman 'club/stick' conflict resolution methods still used in the 21st century. Besides, caveman club/stick methods do not work well with nuclear toys, as they threaten all of humanity
Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance. The Deadly Dangers of a Mis-informed, Dis-informed & Un-informed Population, Ultimately to Itself, History Provides Ample Evidence.
Afghan Leader Assails Airstrike, 60 Children Killed, Gates Offers Regrets Gates Offers Regrets for Afghan Civilian Casualties Defense secretary Says U.S. Tries to Avoid Civilian Death, but Needs to Do More By JONATHAN KARL KABUL, Afghanistan, Sept. 17, 2008 — In a solo press conference after a "frank and productive" meeting with Afghanistan President Hamid Karzai, U.S. Defense Secretary Robert Gates said he offered Afghan officials "personal regret" for civilians killed in coalition airstrikes. Gates said the U.S. takes great effort to avoid civilian casualties, but "it is clear we need to do more." "I offer all Afghans my sincere condolences and personal regrets for the recent loss of innocent life as a result of coalition air strikes," Gates said. "While no military has ever done more to prevent civilian casualties, it is clear that we have to work even harder." Gates said he asked for detailed briefings today on the use of coalition air power (close air support) and intelligence, surveillance and reconnaissance (ISR). But Gates said it is the Taliban that intentionally targets civilians. "All they seek is death and destruction and the power to impose their will. And they will fail," he said. Gates also met with Air Force pilots along the flight line at Bagram Air Field and heard about the steps the Air Force takes to avoid civilian casualties from Brigadier Gen. Mike Holmes. Speaking in front of an Air Force A-10 with sharp teeth painted on its nose cone, Gates told reporters that he is changing the way the military deals with incidents involving civilian casualties here. Now, when there are reports of civilian casualties, the military will first apologize, second compensate victims and then conduct an investigation. In the past, they often waited for the investigation before taking those first two steps. "I think the key for us on those rare occasions when we do make a mistake, when there is an error, is to apologize quickly, to compensate the victims and then to carry out an investigation," he said. He said he hopes this change in approach will help persuade the Afghan people that the U.S. is serous about avoiding civilian casualties. 2008 ABC News Internet Ventures
NYT August 24, 2008 Afghan Leader Assails Airstrike He Says Killed 95 By CARLOTTA GALL KABUL, Afghanistan — President Hamid Karzai strongly condemned on Saturday a coalition airstrike that he said killed up to 95 Afghans — including 50 children — in a village in western Afghanistan on Friday, and said his government would be announcing measures to prevent the loss of civilian life in the future. Government officials who traveled to the village of Azizabad in Herat Province on Saturday said the death toll had risen to 95 from 76, making it one of the deadliest airstrikes on civilians in nearly seven years of war. The American military said Saturday it was investigating the attack. The Karzai government has expressed outrage over recent airstrikes that have led to civilian deaths, as popular support for the coalition presence in Afghanistan dwindles. The tension comes at a delicate time for the American-led coalition, which is facing a resurgent Taliban with a perceived shortage of troops, leading it to rely more on air power to battle militants. Mr. Karzai also denounced the coalition after an airstrike on July 6 killed 27 people in a wedding party — most of them women and children, including the bride — in eastern Afghanistan. Mr. Karzai’s spokesman, Homayun Hamidzada, said civilians, including children, were brought to a provincial hospital in the town of Jalalabad. The American military is still investigating that attack; it has not acknowledged that civilians had been killed. Mr. Hamidzada said civilian casualties had been declining over the past several months but that the recent airstrikes had reversed that trend. He said requests to American forces for greater care concerning civilian casualties had had little effect. The coalition has said it does all it can to prevent civilian deaths. “This puts us in a very difficult position,” said a government official, who asked not to be identified because of the delicacy of the matter. “It provides propaganda to the Taliban, and if they don’t take responsibility, it actually helps the Taliban.” The Afghan official said the government would demand broader, strategic-level cooperation on military operations. There have also been calls among members of the Afghan Parliament and Western analysts to put Special Forces, which often call in airstrikes, under stricter constraints. The account of Friday’s airstrike by Afghan officials conflicted with that of the United States military, which said that coalition forces had come under attack in Azizabad, a village in the Shindand District of Herat Province, and had called in an airstrike that killed 25 militants, including a Taliban leader, Mullah Sadiq, and five civilians. After the Afghan government said Friday that more than 70 civilians had been killed, Maj. Gen. Jeffrey J. Schloesser, the commander of coalition forces, ordered an investigation into the episode, the public affairs officer, First Lt. Richard K. Ulsh, said. “Coalition forces are aware of allegations that the engagement in the Shindand District of Herat Province Friday may have resulted in civilian casualties,” a statement issued from Bagram air base said. “All allegations of civilian casualties are taken very seriously. Coalition forces make every effort to prevent the injury or loss of innocent lives. An investigation has been directed.” Col. Rauf Ahmadi, a spokesman for the police chief of the western region, denied that there were any Taliban in the village at the time of the strikes. “There were no Taliban,” he said by telephone. “There is no evidence to show there were Taliban there that night,” he said. The dead included 50 children, 19 women and 26 men, Colonel Ahmadi said. A presidential aide who declined to be identified said that the Interior Ministry and the Afghan intelligence agency had reported from the region that there were no Taliban present in the village that night. The Afghan National Army, whose commandos called in the airstrike along with American Special Forces trainers, were unable to clarify their original claim, he said. A spokesman for the Afghan Army declined to comment on Saturday. A tribal elder from the region who helped bury the dead, Haji Tor Jan Noorzai, said people in the village were gathered in memory of a man who was anti-Taliban and was killed last year, and that tribal enemies of the family had given out false information. “It is quite obvious, the Americans bombed the area due to wrong information,” he said by telephone. “I am 100 percent confident that someone gave the information due to a tribal dispute. The Americans are foreigners and they do not understand. These people they killed were enemies of the Taliban.”
Marching in sync to fulfill Nostradamus's prophesies - control and protection of the oil regions, wherever they may be, at all costs..... “This is not about being gunrunners,” said Bruce S. Lemkin, the Air Force deputy under secretary who is helping to coordinate many of the biggest sales. “This is about building a more secure world.” This is what they said in Rome. This is what they said throughout all of history. Apparently WWII was not big enough! As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. The new scientific comprehension would eliminate the caveman 'club/stick' conflict resolution methods still used in the 21st century. Besides, caveman club/stick methods do not work well with nuclear toys, as they threaten all of humanity
Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance. The Deadly Dangers of a Mis-informed, Dis-informed & Un-informed Population, Ultimately to Itself, History Provides Ample Evidence.
NYT September 14, 2008 U.S. Arms Sales Climbing Rapidly By ERIC LIPTON WASHINGTON — The Bush administration is pushing through a broad array of foreign weapons deals as it seeks to rearm Iraq and Afghanistan, contain North Korea and Iran, and solidify ties with onetime Russian allies. From tanks, helicopters and fighter jets to missiles, remotely piloted aircraft and even warships, the Department of Defense has agreed so far this fiscal year to sell or transfer more than $32 billion in weapons and other military equipment to foreign governments, compared with $12 billion in 2005. The trend, which started in 2006, is most pronounced in the Middle East, but it reaches into northern Africa, Asia, Latin America, Europe and even Canada, through dozens of deals that senior Bush administration officials say they are confident will both tighten military alliances and combat terrorism. “This is not about being gunrunners,” said Bruce S. Lemkin, the Air Force deputy under secretary who is helping to coordinate many of the biggest sales. “This is about building a more secure world.” The surging American arms sales reflect the foreign policy tides, including the wars in Iraq and Afghanistan and the broader campaign against international terrorism, that have dominated the Bush administration. Deliveries on orders now being placed will continue for several years, perhaps as one of President Bush’s most lasting legacies. The United States is far from the only country pushing sophisticated weapons systems: it is facing intense competition from Russia and elsewhere in Europe, including continuing contests for multibillion-dollar deals to sell fighter jets to India and Brazil. In that booming market, American military contractors are working closely with the Pentagon, which acts as a broker and procures arms for foreign customers through its Foreign Military Sales program. Less sophisticated weapons, and services to maintain these weapons systems, are often bought directly by foreign governments. That category of direct commercial sales has seen an enormous surge as well, as measured by export licenses issued this fiscal year covering an estimated $96 billion, up from $58 billion in 2005, according to the State Department, which must approve the licenses. About 60 countries get annual military aid from the United States, $4.5 billion a year, to help them buy American weapons. Israel and Egypt receive more than 80 percent of that aid. The United States has also recently given Iraq and Afghanistan large amounts of weapons and other equipment and has begun to train fledgling military units at no charge; this assistance is included in the tally of foreign sales. But most arms exports are paid for by the purchasers without United States financing. The growing tally of international weapon deals, which started to surge in 2006, is now provoking questions among some advocates of arms control and some members of Congress. “Sure, this is a quick and easy way to cement alliances,” said William D. Hartung, an arms control specialist at the New America Foundation, a public policy institute. “But this is getting out of hand.” Congress is notified before major arms sales deals are completed between foreign governments and the Pentagon. While lawmakers have the power to object formally and block any individual sale, they rarely use it. Representative Howard L. Berman of California, chairman of the House Committee on Foreign Affairs, said he supported many of the individual weapons sales, like helping Iraq build the capacity to defend itself, but he worried that the sales blitz could have some negative effects. “This could turn into a spiraling arms race that in the end could decrease stability,” he said. The United States has long been the top arms supplier to the world. In the past several years, however, the list of nations that rely on the United States as a primary source of major weapons systems has greatly expanded. Among the recent additions are Argentina, Azerbaijan, Brazil, Georgia, India, Iraq, Morocco and Pakistan, according to sales data through the end of last month provided by the Department of Defense. Cumulatively, these countries signed $870 million worth of arms deals with the United States from 2001 to 2004. For the past four fiscal years, that total has been $13.8 billion. In many cases, these sales represent a cultural shift, as nations like Romania, Poland and Morocco, which have long relied on Russian-made MIG-17 fighter jets, are now buying new F-16s, built by Lockheed Martin. At Lockheed Martin, one of the largest American military contractors, international sales last year brought in about $6.3 billion, or 15 percent of the company’s total sales, up from $4.8 billion in 2001. The foreign sales by Lockheed and other American military contractors are credited with helping keep alive some production lines, like those of the F-16 fighter jet and Boeing’s C-17 transport plane. Fighter jets made in America will now be flying in other countries for years to come, meaning continued profits for American contractors that maintain them, and in many cases regular interaction between the United States military and foreign air forces, Mr. Lemkin, the Air Force official, said. Sales are also being driven by the push by many foreign nations to join the once-exclusive club of countries whose arsenals include precise, laser-guided missiles, high-priced American technology that the United States displayed during its invasions of Iraq and Afghanistan. In the Persian Gulf region, much of the rearmament is driven by fears of Iran. The United Arab Emirates, for example, are considering spending as much as $16 billion on American-made missile defense systems, according to recent notifications sent to Congress by the Department of Defense. The Emirates also have announced an intention to order offensive weapons, including up to 26 Black Hawk helicopters and 900 Longbow Hellfire II missiles, which can knock out enemy tanks. Saudi Arabia, this fiscal year alone, has signed at least $6 billion worth of agreements to buy weapons from the United States government — the highest figure for that country since 1993, which was another peak year in American weapons sales, after the first Persian Gulf war. Israel, long a major buyer of United States military equipment, is also increasing its orders, including planned purchases of perhaps as many as four American-made coastal warships, worth $1.9 billion. In Asia, as North Korea has conducted tests of a long-range missile, American allies have been buying more United States equipment. One ally, South Korea, has signed sales agreements with the Pentagon this year worth $1.1 billion. So far, the value of foreign arms deliveries completed by the United States has increased only modestly, reaching $13 billion last year compared with an average of $12 billion over the previous three years. Because complex weapons systems take a long time to produce, it is expected that the increase in sales agreements will result in much greater arms deliveries in the coming years. (All dollar amounts for previous years cited in this article have been adjusted to reflect the impact of inflation.) The flood of sophisticated American military equipment pouring into the Middle East has evoked concern among some members of Congress, who fear that the Bush administration may be compromising the military edge Israel has long maintained in the region. Not surprisingly, two of the biggest new American arms customers are Iraq and Afghanistan. Just in the past two years, Iraq has signed more than $3 billion of sales agreements — and announced plans to buy perhaps as much as $7 billion more in American equipment, financed by its rising oil revenues. Lt. Col. Almarah Belk, a Pentagon spokeswoman, said that making these sales served the interests of both Iraq and the United States because “it reduces the risk of corruption and assists the Iraqis in getting around bottlenecks in their acquisition processes.” Over the past three years, the United States government, separately, has agreed to buy more than $10 billion in military equipment and weapons on behalf of Afghanistan, according to Defense Department records, including M-16 rifles and C-27 military transport aircraft. Even tiny countries like Estonia and Latvia are getting into the mix, playing a part in a collaborative effort by 15 countries, mostly in Europe, to buy two C-17 Boeing transport planes, which are used in moving military supplies as well as conducting relief missions. Boeing has delivered 176 of these $200 million planes to the United States. But until 2006, Britain was the only foreign country that flew them. Now, in addition to the European consortium, Canada, Australia and Qatar have put in orders, and Boeing is competing to sell the plane to six other countries, said Tommy Dunehew, Boeing’s C-17 international sales manager. In the last year, foreign sales have made up nearly half of the production at the California plant where C-17s are made. “It has been filling up the factory in the last couple of years,” Mr. Dunehew said. Even before this new round of sales got under way, the United States’ share of the world arms trade was rising, from 40 percent of arms deliveries in 2000 to nearly 52 percent in 2006, the latest year for which the Congressional Research Service has compiled data. The next-largest seller was Russia, which in 2006 accounted for 21 percent of global deliveries. Representative Berman, who sponsored a bill passed in May to overhaul the arms export process, said American military sales, while often well intended, were sometimes misguided. He cited military sales to Pakistan, which he said he feared were doing more to stoke tensions with India than combat terrorism in the region. Travis Sharp, a military policy analyst at the Center for Arms Control and Nonproliferation, a Washington research group, said one of his biggest worries was that if alliances shifted, the United States might eventually be in combat against an enemy equipped with American-made weapons. Arms sales have had unintended consequences before, as when the United States armed militants fighting the Soviets in Afghanistan, only to eventually confront hostile Taliban fighters armed with the same weapons there. “Once you sell arms to another country, you lose control over how they are used,” Mr. Sharp said. “And the weapons, unfortunately, don’t have an expiration date.” But Mr. Lemkin, of the Pentagon, said that with so many nations now willing to sell advanced weapons systems, the United States could not afford to be too restrictive in its own sales. “Would you rather they bought the weapons and aircraft from other countries?” he said. “Because they will.”
Freedumb, Freedumb, Read All About It! "A Free Trade, Free Market, Free Corporate, Unregulated Economy run like Al Capone's Casino Joint, and Policed by Al Capone". Is this the best University MBA/PHD Masters and Government Regulators can provide? PEOPLES LIVES DEPEND UPON THE ECONOMIC SYSTEM. The economic system is not singularly a tool for profit, and the hell with Life. "We now have to pay for the greed and recklessness of those who should have known better.” It is time, Mr. Schumer said, for the American economy to be revived as the “engine of prosperity,” rather than as a “casino” for high-rollers in the realm of finance. 
realms and many continue to lose their homes and go hungry; as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans).
