Syrian regime accused

The UN has accused the Syrian regime of "crimes against humanity" – including the use of snipers against small children – and has drawn up a list of senior officials who should face investigation, reportedly including President Bashar al-Assad. guardian


"This is a rotten, broken system"


Feminist punk band Pussy Riot take revolt to the Kremlin. Anonymous band with provocative anti-Putin lyrics – who have become a symbol of Russian youth's discontent – are preparing for their next surprise performance. guardian



‘Partnership’ in which one partner robs the other

Joseph Stiglitz characterizes the Obama administration’s vast transfer of money and pubic debt to the banks as a “privatizing of gains and the socializing of losses. It is a ‘partnership’ in which one partner robs the other.” 

Prof. Bill Black describes banks as becoming criminogenic and innovating “control fraud.” globalresearch

Far away from funding industrial growth and development 

Banking has moved so far away from funding industrial growth and economic development that it now benefits primarily at the economy’s expense in a predator and extractive way, not by making productive loans. This is now the great problem confronting our time. Banks now lend mainly to other financial institutions, hedge funds, corporate raiders, insurance companies and real estate, and engage in their own speculation in foreign currency, interest-rate arbitrage, and computer-driven trading programs. Industrial firms bypass the banking system by financing new capital investment out of their own retained earnings, and meet their liquidity needs by issuing their own commercial paper directly. Yet to keep the bank casino winning, global bankers now want governments not only to bail them out but to enable them to renew their failed business plan – and to keep the present debts in place so that creditors will not have to take a loss. Michael Hudson