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Fatster’s Roundup

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Good evening.

International Developments

? “Malian soldiers and paratroopers clashed in the capital Bamako on Friday . . ..”  Paratroopers support ex-President Amadou Toumani Toure “who was overthrown last March”; soldiers are loyal to coup leader Captain Amadou Sanogo.  Meanwhile the “Islamist alliance . . . have vowed to drag France into a guerrilla war.”

? According to the UN, 5,000 people are fleeting Syria daily, “a full-on crisis”.

? “Secretary-General Ban Ki-moon is strongly criticizing Syria’s President Bashar Assad for using terrorists as a justification to kill civilians and shell villages.”

? The “Pakistani parliament has made clear that drones are a ‘red line’, one Washington chooses for the moment to ignore”.  74% of Pakistanis regard the US as “the enemy”.

? 16 killed, 17 wounded in Pakistan’s Orakzai tribal region, very active Taliban area.

? Yemen seized a ship with “Iranian-made missiles, rockets and other weapons” on board and has asked the UN to investigate.  Last week, Yemen’s president told Iranian President Mahmoud Ahmadinejad to stop sending arms to Yemen in support of “a southern separatist movement”.

? In Fallujah, Iraq there are now weekly demonstrations against the government.  Similar protests are springing up across Sunni-dominated provinces.

International Finance

? Growing recognition of the Law of Holes :  “U.K. Lesson: Austerity Leads to More Debt” or, from the perspective of us commoners,  Austerity begets Austerity.  After three years of practicing Austerity in the UK, “Even some commentators who have supported the austerity program appear dejected.”  Really?

? They’ve reached a deal on the EU budget–reducing it by 3.3%. BTW, their largest budget item is “Cohesion”.

Money Matters USA

? Krugman nails it:  Austerity “An Unethical Experimentation on Human Beings.” Video.

? Sham revealed.  “the so-called Big Three–S&P, Fitch and Moody’s–were all criminally incompetent”, enabling “the Wall Street guys . . . to pull off this colossal heist against the American people”.  Don’t just prosecute:  “go further and simply make them illegal”.  Update:  NY Attorney General Eric Schneiderman “looks at ratings agencies.”

Politics USA

? Pew Charitable Trust’s new study documents that “The flaws in the American election system are deep and widespread, extending beyond isolated voting issues in a few locations and flaring up in states rich and poor.”

? Sen. Bernie Sanders (I-VT) will not only fight to save Saturday delivery of the mail by the US Postal Service, but will continue efforts to reverse the damage done to the USPS by the US Congress.

? Fierce fight for possession of the GOP’s heart and soul (who knew there was such a thing?)  between GOP conservatives and ultraconservatives.

? Hillary Clinton wins, with a 51% approval in the Quinnipac University political popularity poll, followed by VIce-President Joe Biden at 46%.  None of the Republicans included in the poll received  even 30% approval.  A whopping 68% of those polled are “somewhat” or “‘very dissatisfied’ with the state of the nation today.” [cont’d.]

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Dan Wright

Dan Wright

Daniel Wright is a longtime blogger and currently writes for Shadowproof. He lives in New Jersey, by choice.