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Showing posts from September, 2008

Olmert Says Israel Should Pull Out of West Bank

Olmert Says Israel Should Pull Out of West Bank By ETHAN BRONNER Published: September 29, 2008 JERUSALEM — Prime Minister Ehud Olmert said in an interview published on Monday that Israel must withdraw from nearly all of the West Bank as well as East Jerusalem to attain peace with the Palestinians and that any occupied land it held onto would have to be exchanged for the same quantity of Israeli territory. Prime Minister Ehud Olmert at a cabinet meeting on Sunday. In an interview published Monday, he called for new thinking. Related Times Topics: Ehud Olmert He also dismissed as “megalomania” any thought that Israel would or should attack Iran on its own to stop it from developing nuclear weapons, saying the international community and not Israel alone was charged with handling the issue. In an unusually frank and soul-searching interview granted after he resigned to fight corruption charges — he remains interim prime minister until a new government is sworn in — Mr. Olmert discarded

The Real Reason Behind the Global Financial Crisis

by: Money Morning posted on: September 19, 2008 By Shah Gilani [Part I of a three-part series looking at how so-called “credit default swap” derivatives could ignite a worldwide capital markets meltdown] Are you shell-shocked? Are you wondering what’s really going on in the market? The truth is probably more frightening than even your worst fears. And yet, you won’t hear about it anywhere else because “they” can’t tell you. “They” are the U.S. Federal Reserve and the U.S. Treasury Department, and they can’t tell you what’s really going on because there’s nothing they can do about it, except what they’ve been trying to do - add liquidity. At the exchange rate Wednesday, 35 trillion British Pounds was equivalent to U.S. $62 trillion (hence, the 35 trillion pound gorilla). According to the International Swaps and Derivatives Association , $62 trillion is the notional value of credit default swaps [CDS] out there, somewhere, in the market. This isn’t the first time Money Morning has warne

The Real Reason Behind the Global Financial Crisis, Part II

Financial Crisis, Part II by: Money Morning posted on: September 22, 2008 By Shah Gilani [Part II of a three-story investigation of the credit crisis, showing how American International Group ( AIG ), a perfectly sound company that’s survived for 89 years, was destroyed by some errant bets on a derivative security called a “credit default swap,” or CDS.] There’s nothing fundamentally wrong with the core insurance business units of American International Group Inc. Nothing at all. What imploded the venerable insurance giant was an accumulation of misplaced bets on credit default swaps. By the best estimates of the International Swaps and Derivatives Association and the Bank for International Settlements [BIS], often referred to as the central banks’ central bank, the notional value of credit default swaps is some $62 trillion, or 35 trillion British Pounds at an exchange rate of $1.78. A credit default swap is akin to an insurance policy. It’s a financial derivative that a debt hold

The Real Reason Behind the Global Financial Crisis, Part III

September 24, 2008 By Shah Gilani [Part III of a three-story investigation of the credit crisis, detailing how the very complexity of the global financial system brought us to the brink of a total meltdown. There’s no time to beat around the bush. Let’s flush out the three credit-crisis catalysts that have remained hidden for too long, thanks to Wall Street protectionism and myopic regulation. Those catalysts - which brought us to the brink of a financial meltdown - are structured collateralized debt obligations, credit default swaps, and the horrific offspring of the two - credit default swaps on structured collateralized debt obligations. An asset-backed security [ABS] is a type of tradable debt security that’s derived from a pool of underlying assets. We could be talking about a pool of mortgages, of automobile leases, or loans made to various borrowers. We’re using the example of residential mortgages, though the example is exactly the same for commercial mortgages, automobile
Chinese mountain,

How this planet is suited to such innocents?

She seems like the creature of some mysterious planet, she smiles at me with her glittering eyes when i look at her. she swing her little arms fondly while gaggling. sometime she fall from bed and crying with agony, but after sometime when she see me she ignore all her pain, and, start laughing and gaggling. she seems like the creature of some mysterious planet, she possess the perfect true love, her innocent smile is very close to nature But, this planet is not suited her, where there is crying, agony, miseries, hate. where there is no love for innocent little ones, how this vast planet is suited to such innocents?