It is not a matter of “if” but rather a matter of “when” the entire complex goes under and when that happens, the relatively paltry sums banks have set aside against losses in their energy books will balloon as everyone on Wall Street simultaneously pulls a BOK Financial.
There is a very positive news coming out of Paris, a city with more than her share of bad news lately. It’s a major legal victory for the voices of science and reason against the GMO Monsanto-led cabal. Its implications will be felt worldwide.
It would appear that the government is not taking climate change seriously enough and therefore are not preparing adequately for it. Perhaps Prime Minister David Cameron is taking his cue from the BBC’s Weather’s Sarah Keith-Lucas who appeared to be unaware that the mild and wet conditions throughout December in the UK are related to climate change.
These three agreements solidify the creeping corporate coup d’état along with the final evisceration of national sovereignty. Citizens will be forced to give up control of their destiny and will be stripped of the ability to protect themselves from corporate predators, safeguard the ecosystem and find redress and justice in our now anemic and often dysfunctional democratic institutions.
The report by homelessness charity Shelter found the number of children who will be homeless on Christmas morning has risen by more than 15,000 on last year. This is equivalent to four youngsters in every UK school.
It also found the number of children living in temporary accommodation is at the highest level since 2008, and is predicted to hit 105,251 by the end of 2015.
Noam Chomsky on Bernie Sanders, Jeremy Corbyn, and the potential for ordinary people to make radical change.
After 14 years of the Media Lens project, it feels quite odd for us to be working in a context of hope. For much of the time we have been ‘jousting with toothpicks’ against the corporate behemoth with no way of knowing if anything really substantial could be achieved. While our gloom over inaction on climate change remains, the surge of radical politics across Europe really is an inspiration.
Not only are the Saudis unhappy with the US shale oil intrusion on their oily Kingdom. They are more than upset with the recent deal the Obama Administration made with Iran that will likely lead in several months to lifting Iran economic sanctions. In fact the Saudis are beside themselves with rage against Washington, so much so that they have openly admitted an alliance with arch foe, Israel, to combat what they see as the Iran growing dominance in the region—in Syria, in Lebanon, in Iraq.
Two research documents published in recent months by the US Army reveal the military establishment’s latest thinking in startlingly frank terms. The research not only lends credence to environmental warnings about how climate change will fuel political instability, but also vindicates concerns about how looming resource shortages could destabilize the global economy.
Only in the insanity of corporate America can nonviolent animal rights activists be charged as terrorists while a white supremacist who gunned down African-Americans in a South Carolina church is charged on criminal counts. Only in the insanity of America can Wall Street financers implode the global economy through massive acts of fraud, causing widespread suffering, and be rewarded with trillions of dollars in government bailouts.
Perhaps the biggest takeaway from these warning signs is what they tell us about the need not simply for ‘change’, but for fundamental systemic transformation. The science of impending doom does not prove the inevitability of human extinction, but it does prove the inevitability of something else: the extinction of industrial civilisation in its current form.
It has dangerous implications for vulnerable groups in every segment of society, which is why it was opposed by AARP, veterans’ groups, and domestic violence organizations.