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Archive for the ‘Bailout’ Category

Lieberman is the name and double cross is the game, but this should be no surprise to anyone who has, for the last eight years, watched this whiney little rat bastich stand up for the corporate government while disguised as a Democrat. That he is still in office, tells me that the corporate government still rules and that Obama, like any other POTUS, is the leader of this country in name only.

Holy Joe wouldn’t give up his government health care for any thing, with the exception of maybe the excellent health care system of Israel, for which he qualifies.

Israel, in fact, has a superior health plan to the US. So here we are suffering the Health Care Lies of Lieberman while Israel is still collecting billions of dollars in aid. It was all put in place before Barack, (a good friend to Israel) Obama was officially in office.

U.S. official: Obama won’t cut military aid to Israel

By DPA 11/03/2009

U.S. President Barack Obama will not cut the billions of dollars in military aid promised to Israel, a senior U.S. administration official said Wednesday.

The $30 billion in aid promised to Israel over the next decade will not be harmed by the world financial crisis, the official told Israel Radio. He spoke on condition of anonymity.

The Obama Administration however expects the next government of Prime Minister-designate Benjamin Netanyahu to continue peace negotiations with the Palestinians, he said.

Public Health in Israel

Increasing life expectancy

Israel has been a pioneer in the contemporary concept and practice of Public Health and as a result has one of the world’s healthiest populations. The country’s success in pursuing effective Public Health policies is reflected in the fact that a nation of immigrants, who have arrived during the past 54 years principally from North Africa, the former Soviet Union and Central Europe, has one of the highest average life expectancies in the world.

This has been accomplished despite the fact that Israel has absorbed Holocaust survivors and a large proportion of immigrants suffering from tuberculosis, malnutrition, heart disease and every type of cancer. At present, 25% of all cancer patients in Israel are newcomers from the former Soviet Union including tens of thousands from parts of the Ukraine and Belorussia who were exposed to radiation from the Chernobyl nuclear plant melt-down in 1987.

According to the Ministry of Health yearbook for 2001, the life expectancy for males (76.6) years) was topped only in Japan. Israeli women live longer than men, but do not fare as well in international statistical comparisons

What is public health?

Whereas medicine treats the health needs of an individual, public health (a discipline also known as public medicine or social medicine) deals with the health requirements of society as a whole. In fact, public health was a more popular concept in the 19th century when physicians realized that matters such as sewage amenities, cleanliness and a balanced diet would improve the health of the population . But as sanitary and dietary conditions improved and with such medical. discoveries as penicillin in the 20th century, much less emphaisis was placed on public health.

International community acknowledges importance of public health

Public health returned to the global agenda in 1975 at the WHO meeting in Alma Ata, Kazakhstan, in the former Soviet Union. Leading health officials from every country in the world signed a covenant proclaiming that the health of the people and the provision of medical services must be the responsibility of national governments. Only the United States refused to sign the covenant, insisting that individuals rather than their governments must be responsible for the provision of health services for themselves and their families.

Of course most nations simply do not have the necessary resources to offer their citizens adequate health services. Even in developed and relatively affluent countries like Israel, the essential challenge facing public health policy is effective distribution of limited resources.

Israel emphasizes public health

The Zionist Movement in pre-state Israel, which combined the traditional Jewish concern for all people with an emphasis on societal needs, regarded public health as a top social, political and economic priority. By the time Israel declared its independence in 1948, a national health infrastructure was already in place. Mother-and-child care centers (Tipot Halav) administered the necessary vaccinations to new-born babies and advised parents on proper care of infants. Health insurance funds (Kupot Holim) offered day-to-day consultations with doctors and specialists, and insured members for hospitalization.

The National Health Insurance Law

Despite Israel’s commitment to providing health services for all of its citizens, by the early 90’s some six percent of Israelis were not insured through one of the four existing health funds – Kupat Holim Clalit, Maccabi, Me’uhedet and Le’umit. In 1994, the National Health Insurance Law was enacted and it was implemented the following year, rectifying this situation. Since then, all citizens have their health insurance paid by a tax on income (up to 4.8%) while their employer’s portion is collected by the National Insurance Institute, and passed on to the health insurance fund of the individual’s choice.
National expenditure

Israel’s national expenditure on health is typical for a western country. In 1999, the country spent 8.3% of its Gross Domestic Product (GDP) on health, down from a peak of 8.8% in 1994; the United States spent13.6% of its GDP on health care, Canada 9.5%, Japan 6.9% and the UK 7.6%. Of the Israeli expenditure, 41% was for hospitals and research, 39% for public clinics and preventive medicine and 9% for dental care. Israel spent $1,555 per capita on medicine.

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How can China’s stimulus plan be working so well, when ours is barely working at all? The answer may be simple: China has not let its banking system run roughshod over its productive economy. Chinese banks work for the people rather than the reverse.” Ellen Brown

MASH dude Demarco slays the China Banks

MASH dude Demarco slays the China Banks

Ellen Brown | Global Research | August 18, 2009

“The banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. They frankly own the place.” — U.S. Senator Dick Durbin, Democratic Party Whip, April 30, 2009

webWhile the U.S. spends trillions of dollars to bail out its banking system, leaving its economy to languish, China is being called a “miracle economy” that has decoupled from the rest of the world. As the rest of the world sinks into the worst recession since the 1930s, China has maintained a phenomenal 8% annual growth rate. Those are the reports, but commentators are dubious. They ask how that growth is possible, when other countries relying heavily on exports have suffered major downturns and remain in the doldrums. Economist Richard Wolff skeptically observes:

We now have a situation in the world where we have a global capitalist crisis. Everywhere, consumption is down. Everywhere, people are buying fewer goods, including goods from China. How is it possible that in that society, so dependent on the world economy, they could now have an explosive growth? Their stock market is now 100 percent higher than at its low — nothing remotely like that hardly anywhere in the world, certainly not in the United States or Europe. How is that possible? In order to believe what the Chinese are saying, you would have to agree that in a matter of months, at most a year, no more, they have been able to transform their economy from an export-based powerhouse to a domestically focused industrial engine. Nowhere in the world has that ever taken less than decades.”

ORIGINAL ARTICLE

Bank of China to ‘cherry-pick’ UK mortgage customers as lending drought persists

Telegraph.co.uk | 20 Aug 2009

Bank of China, the country’s third biggest bank, plans to ‘cherry-pick’ UK mortgage customers as the lending drought in Britain remains.

In an interview with Bloomberg, Xixu Sun, the head of Bank of China’s retail operations in the UK, said “before the financial crisis you didn’t have a choice, you couldn’t cherry-pick the good customers.

Now you have that choice, because there’s a drought in terms of mortgage loans provided by banks.”

Bank of China is looking to become a major household name in Britain’s mortgage market, which has seen lending slump as the recession drives up bad loans at many banks. Although house prices have showed signs of stabilisng in recent weeks, the volume of mortgages approved is still less than half the 108,000 monthly average seen between the boom years of 2003 and 2007.

ORIGINAL ARTICLE

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Stephen C. Webster | Raw Story | Wednesday, July 22, 2009

 BlueTarp

Update (at bottom): White House does not know how TARP funds were used

House Domestic Policy Subcommittee plans probe of TARP funds

Ohio Democratic Congressman Dennis Kucinich wants to know: “If [the Troubled Asset Relief Program] isn’t about keeping people in their homes or providing credit to businesses, what is it for?”

Expressing his frustration before the Government and Oversight Committee, the two-time presidential candidate suggested that the Federal Reserve may be paying banks to hoard money and avoid making loans.

Before the committee — which assembled Tuesday to hear the testimony of Neil Barofsky the Special Inspector General for TARP, along with Federal Reserve Chairman Ben Bernanke — Kucinich wondered aloud if “banks are parking a historic amount of taxpayers’ money in the Federal Reserve while the businesses and consumers across America are starved for credit,” and whether the Federal Reserve is paying banks to avoid making loans.

“Is the Fed paying banks NOT to loan money?” a Kucinich media advisory pondered.

Read more…

Click on link below to see videos on how TARP-Recipients are lending to foreign countries and Kucinich’s questions on TARP-spending back in March (more…)

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This article was originally from Rolling Stone magazine, and is here shown in a blog from somethingawful.com. It seems that Henry Paulson was the former CEO of Goldman Sach’s, a time honored vampire that has sucked the life blood of the sheeple. Even in the times before the Federal Reserve.

Omnislash
May 25, 2004

This isn’t really an exclusive, but aside from a scanned PDF copy of the physical magazine, the complete article isn’t online anywhere I can see thanks to Rolling Stone being completely retarded, so I OCR’d it. This is one of the best articles he’s written yet, and even as cynical as I am, I was still sick to my stomach by the time I finished the last section.
quote:

THE GREAT AMERICAN BUBBLE MACHINE

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again

By MATT TAIBBI

The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who’s Who of Goldman Sachs graduates.

Read the whole article ~here~, or click the link at the top for a PDF file of the original article in Rolling Stone magazine.

kudos to Omnislash

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Well, as you probably already know, Fox News makes me feel like losing my groceries, but I had to show this video attack on Congressman Alan Grayson. This repulsive dude, Neil Cavuto, is attempting to take on the appearance of authority to trick him into giving him an absolute number on an argument that doesn’t really call for anything but a relative example.

What Alan is dealing with here is known as The “Cavuto mark”. Following a satirical segment proposing it on The Daily Show on September 13, 2006, the word “Cavuto” is sometimes used to refer to a question mark “used to turn any statement, no matter how outrageous, into a simple, seemingly fair, question.”

Barney Frank: “This is presumably a psychological disorder”

Huffington Post

April fools day, 2009

House Republicans did their best Wednesday to battle Rep. Barney Frank (D-Mass.) on the House floor and wound up on the receiving end of some classic Frank jabs.

The bill at issue, authored by Rep. Alan Grayson (D-Fla.), would cap executive compensation at bailed-out financial institutions and it puts the GOP in a tough spot: after expressing outrage over the AIG bonuses, it’s tough to vote against the bill.

In announcing their opposition, Republicans such as Rep. John Culberson (R-Texas) took to the floor to decry the fact that the stimulus allowed the bonus payments to be made. They excoriated Democrats for not reading the full stimulus bill but said they objected to the bill on the floor that would fix the loophole that had been in the stimulus.

Frank had a field day with it.

“This is really extraordinary,” he said. “What you have just heard is a denunciation of something the Congress did a few weeks ago and a refusal to undo it. I’ve never seen people, Mr. Chairman, so attached to something they hate. This is presumably a psychological disorder which I am not equipped to diagnose. The objection of the gentleman from Texas was that when the recovery bill was passed, it was passed too quickly [and it] included a provision that shouldn’t have been in there. This bill takes it out.”

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This Crisis Is Way Bigger Than Dead Banks and Wall Street Bailouts

By James Galbraith, Washington Monthly. Posted March 23, 2009.

Why the economic crisis, and its solution, are bigger than anyone has so far admitted.

Barack Obama’s presidency began in hope and goodwill, but its test will be its success or failure on the economics. Did the president and his team correctly diagnose the problem? Did they act with sufficient imagination and force? And did they prevail against the political obstacles — and not only that, but also against the procedures and the habits of thought to which official Washington is addicted?

The president has an economic program. But there is, so far, no clear statement of the thinking behind that program, and there may not be one, until the first report of the new Council of Economic Advisers appears next year. We therefore resort to what we know about the economists: the chair of the National Economic Council, Lawrence Summers; the CEA chair, Christina Romer; the budget director, Peter Orszag; and their titular head, Treasury Secretary Timothy Geithner. This is plainly a capable, close-knit group, acting with energy and commitment. Deficiencies of their program cannot, therefore, be blamed on incompetence. Rather, if deficiencies exist, they probably result from their shared background and creed — in short, from the limitations of their ideas.

The deepest belief of the modern economist is that the economy is a self-stabilizing system. This means that, even if nothing is done, normal rates of employment and production will someday return. Practically all modern economists believe this, often without thinking much about it. (Federal Reserve Chairman Ben Bernanke said it reflexively in a major speech in London in January: “The global economy will recover.” He did not say how he knew.) The difference between conservatives and liberals is over whether policy can usefully speed things up. Conservatives say no, liberals say yes, and on this point Obama’s economists lean left. Hence the priority they gave, in their first days, to the stimulus package.

MORE HERE

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