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The Worst Is Not Behind Us

By Nouriel Roubini
Beware, therefore, of those who tell you that we have reached a bottom for risky financial assets. The same optimists told you that we reached a bottom and the worst was behind us after the rescue of the creditors of Bear Stearns in March; after the announcement of the possible bailout of Fannie and Freddie in July; after the actual bailout of Fannie and Freddie in September; after the bailout of AIG in mid-September; after the TARP legislation was presented; and after the latest G-7 and E.U. action.

America’s Wars of Self-Destruction
By Chris Hedges
The corporate forces that control the state will never permit real reform. This is the Faustian bargain made between these corporate forces and the Republican and Democratic parties. We will never, under the current system, achieve energy independence. Energy independence would devastate the profits of the oil and gas industry. It would wipe out tens of billions of dollars in weapons contracts, spoil the financial health of a host of private contractors from Halliburton to Blackwater and render obsolete the existence of U.S. Central Command.