US, Britain gear up for war on Iran

Bill Van Auken

Washington’s aims in Syria have everything to do with weakening Iran in preparation for “regime change” there as well.

[B]ehind all of the hyped warnings about Iran’s imminent acquiring of nuclear weapons, the reality is that US imperialism and its allies are engaged in a campaign of economic, political and military aggression against Iran, whose aim is to prevent the country from emerging as a regional power capable of challenging Washington’s hegemony over the energy-rich regions of the Persian Gulf and Central Asia.

The military commands in both the US and Britain have sought increased funding and stepped up deployments of arms and personnel to the Persian Gulf in preparation for an anticipated war against Iran.

According to the Wall Street Journal, the Pentagon, acting on the request of the Central Command, which oversees US military operations in the region, has requested the re-allocation of some $100 million in military spending to ratchet up war preparations.

The Journal cast these preparations as defensive measures aimed at countering an Iranian threat to close the Strait of Hormuz, the waterway through which some 20 percent of the world’s exported oil flows. Iran’s threat came in response to trade sanctions and embargoes imposed by the US and Western Europe that amount to a blockade, an act of war, as well as open Israeli threats to bomb the country.


Israel steps up repression in occupied Palestinian territories

Jean Shaoul

On Friday, Israeli forces fired on Palestinian protesters at a checkpoint near Ramallah in the West Bank, killing one young man and injuring four more. Further clashes broke out between Palestinians and the Israeli security forces at the funeral procession in north Jerusalem the following day that resulted in 12 injuries.

In Jerusalem, angry clashes broke out between Muslim worshippers and Israeli security forces outside the al-Aqsa mosque for the third time over the last week. Police fired tear gas on hundreds of Palestinians who were throwing rocks at Israeli security forces after Friday prayers. The clashes were reportedly sparked by fears that ultra-nationalist Israelis were intending to enter the Muslim-controlled areas at the site known to Muslims as the Haram al-Shareef and to Jews as Temple Mount.

Israeli armed forces fired tear gas, stink bombs and grenades to disperse a rally in Hebron, injuring more than 70 people. Thousands were demonstrating to mark the eighteenth anniversary of the deadly shooting of 29 Palestinians by arch-nationalist Baruch Goldstein on February 25, 1994, and to demand the reopening of Hebron’s main street, Shuhada Street, closed by the security forces after the massacre in 1994. Troops closed off the city centre on the pretext of protecting the 400 settlers residing there, throttling the commercial centre and affecting the livelihoods of thousands.

Palestinians face increasing Israeli encroachment on their land and resources, making economic life all but impossible without international aid, which has largely dried up.


Move Our Money: New State Bank Bills Address Credit and Housing Crises

Ellen Brown

Seventeen states have now introduced bills for state-owned banks, and others are in the works. Hawaii’s innovative state bank bill addresses the foreclosure mess. County-owned banks are being proposed that would tackle the housing crisis by exercising the right of eminent domain on abandoned and foreclosed properties. Arizona has a bill that would do this for homeowners who are current in their payments but underwater, allowing them to refinance at fair market value.

The long-awaited settlement between 49 state Attorneys General and the big five robo-signing banks is proving to be a major disappointment before it has even been signed, sealed and court approved.

Critics maintain that the bankers responsible for the housing crisis and the jobs crisis will again be buying their way out of jail, and the curtain will again drop on the scene of the crime.

We may not be able to beat the banks, but we don’t have to play their game. We can take our marbles and go home. The Move Your Money campaign has already prompted more than 600,000 consumers to move their funds out of Wall Street banks into local banks, and there are much larger pools that could be pulled out in the form of state revenues. States generally deposit their revenues and invest their capital with large Wall Street banks, which use those hefty sums to speculate, invest abroad, and buy up the local banks that service our communities and local economies. The states receive a modest interest, and Wall Street lends the money back at much higher interest.


Looting the Seas

Stephen Lendman

This article follows a previous one on the same topic. It covers work done by the Center for Public Integrity. It involves a multi-part series titled, "Looting the Seas." The initial article discussed the overall problem globally.

On November 7, 2010, Part I covers the "black market in bluefin." It's so highly prized, it's become an endangered species. Worth up to $100,000 each, no wonder overfishing depleted up to 90% of world stocks.

Among other uses, it's a sushi delicacy featured in prominent restaurants from New York to Tokyo. In fact, Japan accounts for about 80% of global bluefin consumption.

Rules restrict catch amounts but no one follows them. Many share blame globally. Fattening tuna in coastal ranches revolutionized the trade. Dragging them live to these operations for fattening precedes shooting them in the head for shipping to Japan and other markets.

To catch offenders, nearly 50 countries (involved in trading Eastern Atlantic bluefin) agreed to create an electronic tracking database to make it harder to smuggle plundered amounts to market. Its value approximates $400 million annually.

With or without rules and electronic checking, governments across the Mediterranean colluded to profiteer. Fattening ranches make bluefin availability year-round. A multi-million dollar enterprise developed with 67 operations across the Mediterranean.

"At the same time, (they became) the epicenter of an off-the-books trade that" decimated world stocks. A flawed system facilitates plundering. Months of work by the International Consortium of Investigative Journalists (ICIJ). uncovered "rampant (black market) rule-breaking."

From 1998 - 2007, it accounted for one-third of bluefin caught. Cheaters involve fishermen, ranchers, divers, traders, politicians, inspectors and scientists.


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