Posts Tagged ‘World Bank’

News and views from around the web posted to the Wonderland Wire:

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News and views from around the web posted to the Wonderland Wire:

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Of the $9.1bn allocated to the Pentagon for development in Iraq, $8.7bn is not ‘properly accounted for’—$2.6bn for which there are no records at all—according to a audit by the Spc.I.G. for Iraq reconstruction. “The report also said the U.S. military continues to hold at least $34.3 million of the fund, even though it was required to return it to the Iraqi government in December 2007,” Ernesto Londoño reported last week at The Washington Post after stating: “U.S. officials failed to create bank accounts for $8.7 billion in the Development Fund for Iraq, as mandated by the Department of Treasury”.

“Inside Story”, hosted by Mike Hanna at Al Jazeera English, discussed with:

  • Mundher Adhami, an analyst on Iraqi affairs;
  • Jeremy Carver, a board member of Tranparency International; and
  • Scott Lucas, a professor of American Studies at the University of Birmingham and editor of Enduring America.com

Mr. Adhami and Mr. Carver are right—this was no “blunder”, but a “deliberate effort”. Government accounting flaws, especially relating to international affairs, are calculated under-rug sweepings. the blunder is when the rug is lifted. Mr. Lucas added that, “ironically”, the policies to create what the U.S. calling a “free market economy” were antithetical to that of a free market, though still very different from the “State-controlled economy under Saddam Hussein” (24:41):

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The Ontario Public Works Protection Act grants the executive branch “unlimited authority to the cabinet” to appoint any with the authority of a local police officer; deem any place in the province a ‘public work’; threaten whatever force is necessary to make any person—irrelevant of probable cause—identify themselves, grant consent to their person and property to a search, and prevent the person without cause from entering property deemed as a ‘public work’.

Paul Cavalluzzo, a Ontario-based constitutional lawyer discussed the Act with Paul Jay at The Real News Network (16:59):

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Ann Marlowe, Afghanistan expert at the Hudson Institute, told Russia Today that it would take at least a couple of decades before Afghanistan’s untapped minerals are significantly accessed, under optimal conditions (5:15):

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News and views from around the web posted to the Wonderland Wire:

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The E.C.B.-I.M.F. bailout being compared to TARP and the fall of the Greek’s government’s solvency capacity’s parallels to the domino fall that became the Great Depression.

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Russia plus its aid demands a base vital to the U.S. occupation of Afghanistan and imperial mobilization in Central Asia be shut down.

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At the heavily protested World Bank-International Monetary Fund (I.M.F.)  meetings with global finance oligarchs, a U.N. undersecretary-general suggests special drawing rights (SDRs) from the I.M.F. as a world currency. Such a policy would turn the I.M.F. into the global central bank.

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Police in Istanbul, Turkey fired tear gas and broke out the hose on anti-globalization protesters of the annual World Bank and International Monetary Fund (I.M.F.) meetings.

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Professor Noam Chomsky discusses his coming book—Hopes and Prospects, to be released 1 January 2010—the military coup against Honduran President Manuel Zelaya, his meeting with Venezuelan President Hugo Chavez, mainstream media’s “narrow criticism” of state power, U.S. occupation of Afghanistan, and the meetings between world “leaders” and Iran with Matt Martin and listeners at KALW 91.7 FM in San Fransisco (52:11):

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Rep. Ron Paul (R-TX) takes questions on the Federal [sic] Reserve, fiat money and U.S. imperialism in the wake of his most recent book, End the Fed, on al Jazeera’s (AJE) “The Riz Khan Show” (22:25):

Part One (10:55):

Part Two (11:30):

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al Jazeera’s “Empire” hosted by Marwan Bishara takes a look at the new political stage in Latin America, reacting to U.S. interventionism on behalf of corporate interests and European colonialist elitism, the differences in the approaches of Bolivarian Socialists — Venezuela, Bolivia, Ecuador — and the ‘Third Way’ Eastern Hemisphere economic alliances of Brazil. In Part One, Mr. Bishara interviews Prof. Noam Chomsky. Part Two is a panel of scholars.

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Jeremy Scahill on “Obama’s undeclared war against Pakistan”; The end of Western hegemony?; Deaths in Iraq on the rise;  Admitting fraud, Iran denies nullifying vote; Mousavi calls for rally on Thursday, Iran judiciary threatens force; Somalia announces “state of emergency”; U.K. thugs arrest women for asking their badge numbers; Scientology leader beats his staff. (more…)

The second half of Prof. Chomsky’s interview by Amy Goodman of Democracy Now! (DN!). Part One is found here. (more…)