Journal: Federal Financial Difficulties

03 Economy, 10 Transnational Crime, Budgets & Funding, Commerce, Commercial Intelligence, Ethics, Government, Reform

Wave of Debt Payments Facing U.S. Government

By EDMUND L. ANDREWS

WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer.   Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.

Revisiting a Fed Waltz With A.I.G.

By GRETCHEN MORGENSON

‘A government report on the bailout of A.I.G. is must reading for taxpayers looking to know why the $182 billion “rescue” is the most troubling episode of the financial disaster.')   …  The Fed, under Mr. Geithner’s direction, caved in to A.I.G.’s counterparties, giving them 100 cents on the dollar for positions that would have been worth far less if A.I.G. had defaulted. Goldman Sachs, Merrill Lynch, Société Générale and other banks were in the group that got full value for their contracts when many others were accepting fire-sale prices.

By TOM RAUM (AP)

WASHINGTON — Suddenly the Federal Reserve is everybody's punching bag.  …  Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say.

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Journal: UK Generals Turning on Politicians

04 Inter-State Conflict, 10 Security, Ethics, Government, Law Enforcement, Military, Peace Intelligence

Full Story Online
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Leaked documents reveal No 10 cover-up over Iraq invasion

• Inquiry to hear how Blair hid true intentions for war
• Military ‘ill-prepared' for aftermath of invasion

Military commanders are expected to tell the inquiry into the Iraq war, which opens on Tuesday, that the invasion was ill-conceived and that preparations were sabotaged by Tony Blair‘s government's attempts to mislead the public.

They were so shocked by the lack of preparation for the aftermath of the invasion that they believe members of the British and US governments at the time could be prosecuted for war crimes by breaching the duty outlined in the Geneva convention to safeguard civilians in a conflict, the Guardian has been told.

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Review: Common Sense–the Way Back

01 Poverty, 03 Economy, 11 Society, Civil Society, Collective Intelligence, Commercial Intelligence, Cultural Intelligence, Ethics, Government, Reform
Amazon Page
Amazon Page
5.0 out of 5 stars Patriotic Love and Common Sense For All
November 21, 2009
Felton Williamson, Jr.
By remarkable coincidence, Sarah Palin's new book, Going Rogue: An American Life just came out, jumped to the top of my ‘waiting to read” stack, and includes the phrase “Commonsense Conservative” is featured in that book. Combine it with Richard Branson's “Gaia Capitalism” and you have the makings of something special.

This book is short (123 pages), easy to read, and an inspiring patriotic labor of love, a gift to all of us who care deeply for American the Beautiful and are confused and/or angry about all that has been done “in our name” by the festering cesspool of Washington-based politicians and senior bureaucrats who live to claim budget share (inputs) rather than deliver public service (outputs).

The author provides the single best, most complete, and most sensible demarche against EARMARKS that I have ever seen. Included are eight illustrations and I will list them here because they capture the essence of this book's common sense:

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Worth a Look: Berto Jongman on Afghanistan, Al Qaeda, CIA Torture, and Maj Nidal Hasan’s Slide Show

08 Wild Cards, 09 Terrorism, 10 Security, 11 Society, Analysis, Cultural Intelligence, Government, Military, Peace Intelligence, Worth A Look
Berto Jongman
Berto Jongman

Researcher Berto Jongman recommends….

Poverty and unemployment fuel the conflict according to 70% of Afghans, new Oxfam research shows

Seventy per cent of Afghans surveyed see poverty and unemployment as the major cause of the conflict in their country, according to new research by international aid agency Oxfam and a group of Afghan organisations. Ordinary Afghans blame government weakness and corruption as the second most important factor behind the fighting, with the Taliban coming third, followed by interference by neighboring countries.

200 Web Sites Spread Al Qaeda's Message In English

Reassessing the Evolving al Qaeda Threat to the Homeland: Testimony of Peter Bergen Before the House Homeland Security Committee, Subcommittee on Intelligence, Information Sharing and Terrorism Risk Assessment

Al Qaeda today no longer poses a direct national security threat to the United States itself, but rather poses a second-order threat in which the worst case scenario would be an al Qaeda-trained or -inspired terrorist managing to pull off an attack on the scale of something in between the 1993 Trade Center attack, which killed six, and the Oklahoma City bombing of 1995, which killed 168.

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Journal: Israel as Its Own Holocaust

06 Genocide, 07 Other Atrocities, 08 Wild Cards, 10 Security, 11 Society, Ethics, Government, Peace Intelligence
Chuck Spinney
Chuck Spinney
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Chuck Spinney sends…

The Israeli Exception: Gilo and East Jerusalem

By BINOY KAMPMARK

In 1987, the conservative author Midge Decter described her association with Israel and those willing to place it above conventional judgment.  ‘We know ourselves to be bound by ties so deep, so essential, so unconditional, that they are beyond daylight examination.  To be a Jew is not an act, it is a fate.  The existence of Israel is absolutely central to that fate.  The rest is mere details – knowable, unknowable, makes no difference.’

This vein of thinking can be gathered from Israel’s leader David Ben-Gurion in a New York Times Magazine article in December 1960.  On that occasion he was defending the illegal abduction of the war criminal Adolf Eichmann, who had been nabbed by Mossad agents from Argentina.  ‘I know they [the abductors] committed a breach of the law, but sometimes they are moral obligations higher than formal law.’

This idea of Israel, and Jewish fate, being placed in the realm of an obligatory ‘higher law’, does lend itself to various, dangerous implications. Decter’s observations resonate with the recent decision by Tel Aviv to allow 900 new homes to be built in East Jerusalem in the sprawling Jewish neighbourhood of Gilo.  40,000 Israelis are already resident there.  President Obama has gone so far as to see the move as ‘dangerous’.  The Secretary General of the UN, Ban Ki-moon has publicly seen the gesture as one that undermines the peace effort.

International conventions and views, which tend to find such settlements illegal, are considered inapplicable by the rank and file in Tel Aviv.  The law of nations, that seemingly abstract body of customs and norms that are often more honoured than people might realize, are cast aside as undue hindrances to the functioning of the state.

The perceptive social theorist, Zygmunt Bauman, claims that Israeli policy persists in being made in the shadow of the Holocaust.  The narrative of threatened existence girds such policies, whether they be ruthless measures against the Palestinians, or the issue of constructing more settlements. A state of affairs like an ‘indivisible’ Jerusalem are created, an assertion of something supposedly non-negotiable.  Lines are drawn across borders, and there is a stubborn refusal to budge.

Reference: Corruption Perceptions Map

09 Justice, 10 Security, 10 Transnational Crime, 11 Society, White Papers
Full Source Online
Full Source Online

Phi Beta Iota: Kudos to Australia, Canada, the Nordics and the Netherlands, and probably Singapore too small to shine here.  The USA has less to be proud of, between corporate corruption of Congress and what one author calls The Cheating Culture.  Other books on corruption in the USA can be seen at Banks, Fed, Money, & Concentrated Wealth (31); Capitalism (Good & Bad) (117;  Censorship & Denial of Access (23; Corruption (71);Crime (Corporate) (26); Misinformation & Propaganda (85); andPower (Pathologies & Utilization) (80).

Journal: PowerShift–USA Elite Not Interested!

Collaboration Zones, Communities of Practice, Ethics, Key Players, Policies, Threats
Full Story Online
Full Story Online

Military Superiority Fading, Analyst Says

‘Pax Americana' yields to Asia

By Tom LoBianco, November 19, 2009 >Pg. 10

Phi Beta Iota: The tragedy of this story is that the military-industrial-congressional complex continues to be in denial about the changing nature of power in the Information Operations (IO) era.  Alvin Toffler first captured the information or soft power aspect of the shift in power with his book Review: Powershift–Knowledge, Wealth, and Violence at the Edge of the 21st Century and then many years later, Revolutionary Wealth (Hardcover). He spoke to OSS '93 about this topic,  see  1993 Alvin Toffler on National Knowledge Power and in the same year, published 1993 Alvin Toffler, “The Future of the Spy” in War & Anti-War in which the concept of the “rival store” of public intelligence was emergent, challenging the monopoly of the secret world on “decision-support.”

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