Thursday, March 20, 2008



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Leonard Pitts: Five years later in Iraq

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Leonard Pitts: Five years later in Iraq

Published Thursday, March 20, 2008
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And five years later, here we are.There were no weapons of mass destruction. We were not greeted as liberators. The war did not pay for itself. The smoking gun was not a mushroom cloud. There was no connection to 9/11. The course we stayed led over a cliff.Worse, Iraq has become a recruiting station for Islamic terrorists---

Thursday, March 20, 2008 said:


Bush and Cheney and their crew lied day after day, week after week, month after month, and the media flooded the U.S. and the world with their lies about weapons of mass destruction which they claimed they knew the specific amounts and locations of with lies about Iraq producing atomic bombs, with lies about Iraqi drones that could carry bombs and chemicals all the way to the U.S, on and on and on! It's disgusting that Bush could lie his way into the Iraq War, causing the death of hundreds of thousands of Iraqis and the death of 4,000 American soldiers, not to mention the tens of thousands wounded on both sides, and not suffer any consequences for it! Congress hasn't impeached him after all, they lie as much as he does and the American people are either ignorant, apathetic, powerless, or figure they can't do anything about the whole affair, so they don't even try.
Ted Rudow III,MA

Spartan Daily - Serving San Jose State University since 1934

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Thursday, March 20, 2008

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Letter to the editor:
The Holocaust of our era

Issue date: 3/18/08 Section: Opinion

"Zionism: a political movement for establishing and developing a national homeland for Jews in Palestine. Today, in a region with the largest refugee population in the world, exists a few million hungry, homeless, malnourished Palestinians fighting for their lives. Their voices are unheard of to the rest of the world because their faces and lives have no value to the Zionist regime of Israel. It's nearly impossible to grasp the hardships and difficulties Palestinians face because they are treated as third-class citizens.----
Humza Chowdhry
Graduate student, civil engineering

Ted Rudow III,MA 3/20/08
Israeli psychologist Nofer Ishai-Karen and psychology professor Joel Elitzur interviewed 21 Israeli soldiers who served in the Occupied Territories. They found that the soldiers routinely engaged in murder, assault, threats and humiliation, and many of them enjoyed it.

"The truth is that I love this mess--I enjoy it. It is like being on drugs," one soldier told them. Another said, "What is great is that you don't have to follow any law or rule. You feel you are the law, you decide. Once you go into the Occupied Territories, you are God."
The conquerors and occupiers, thinking of themselves as gods, often start acting like devils instead. As the saying goes, absolute power corrupts absolutely, especially those without the Lord in their heart and without wise, godly counselors by their side.
The conquest that was intended to make someplace a heaven on earth turns it into a hell on earth instead for the poor occupants, who suffer injustice and death. The occupiers suffer too, of course--for the injustice and death they impose on others, knowingly or unknowingly. They have to live with themselves for the rest of their life, and many soldiers and occupiers can't.
Ted Rudow III,MA
Class of 1996

Green Paper Pig II

Green Paper Pig II
by Ted Rudow III,MA ( Tedr77 [at] )
Thursday Mar 20th, 2008 10:21 AM
"The nation’s fifth largest investment bank Bear Stearns nearly collapsed last week. It was saved only after the Federal Reserve took extraordinary measures to help JPMorgan purchase the eighty-five-year-old firm. The Fed has become the lender of last resort for other investment banks in a move that marks one of the broadest expansions of the Fed’s lending authority since the 1930s.

Glass-Steagall was a law put in place after the Great Depression that created what they call a firewall or a separation between investment banking and commercial retail banking, the idea being that you want to contain the potential breakout of problems in the financial system so that it can’t spread like wildfire and roughshod across different segments of the industry, more or less like it has across the different segments of the US financial industry in the last, say, ten to twelve months with absolutely devastating results, which is still ongoing.
So, Glass-Steagall is part of an old regulatory framework that has been systematically torn down. The tearing down of that framework has allowed global financial markets to integrate, which has allowed vast savings to pour into the United States, new financial products to be innovated by Wall Street and all kinds of different financial firms, without regulation outside the core of the banking system, which built up and built up and built up and was celebrated and celebrated and celebrated as the efficiency and the genius of the free market, until, of course, with no brakes and no skid marks at the scene of the accident, it hit a brick wall.
Everybody Bear Stearns does business with was bailed out. Bear Stearns was taken out by the Federal Reserve and JPMorgan, which then served Bear Stearns’s still-warm remains to JPMorgan Chase. And they are now devouring them, and it’s being celebrated as a rescue. And for the 30 percent of all shares held by its employees, it is a devastating blow that has taken away retirement plans, hopes for the future, etc., etc. So they bailed out Wall Street. But now we have the Federal Reserve coming in to basically take out, not bail out, one firm to support all the other firms, immediately making available to them all kinds of access to cash and support they never got before, which, by the way, would have saved Bear Stearns, and in so doing—blasé, private meeting, no transparency—rewriting American financial legislation. It’s kind of surreal at this point.
People have had no control over what has actually happened. They come in, they do their jobs. Like Enron, like WorldCom, like Global Crossing, it’s what they do. And what’s the—looking down the road, what’s the potential expansion of this crisis, because other financial institutions have been talked about of having similar problems, having huge exposures on these CDOs? What’s your sense of what’s going to happen in the future?
The CDO market is a $2 trillion market. The write-downs that have related to subprime loans underlying some of those securities have only amounted to about $120 billion. So when you look at the differentiation between what’s valued and what’s out there, you’re talking about a lot of potential catastrophe to come."
Max Fraad Wolff, economist, writer, teaches at the New School University here in New York, writes for The Indypendent and Huffington Post and Asia Times; Nomi Prins, former investment banker at Bear Stearns
The Dollar, the "greenback", it's like the Green Pig is the god of America, it is America's idol that they worship. Beware of the Green Pig which the moneymakers have unleashed upon the world and the world refuse it! The money crisis, the dollar crisis is their creation.
Like those that clothe themselves in dollars they think are green, they think they are alive and young and growing like the green things of the earth, but they shall find that this greenness only exists in their imagination, and when exposed to the light of day, the truth of God, it turns to grey ashes, burnt out fires, dead grey ashes!
So green and greedy, gluttonous, wasteful, selfish! There was no such thing as the American dollar until it was dreamed up by Washington! What does it mean? There's something strange about that word dollar! The dollar has the whole world in the doldrums! The world, who's been beating the drums to the dollar, is now in the doldrums because of its false worship of its fallen idol, which is what they deserve!
Ted Rudow III,MA

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