2011 June | American Pendulum

Greece Is a Kleptocracy

Posted by admin Top Stories Tuesday, June 28th, 2011

Charles Hugh Smith – This is a classic description of a kleptocracy: a financial and political Elite which skims and concentrates the wealth of the nation via corruption and embezzlement while being protected by the winking complicity of their fellow plunderers who hold civil and financial authority.

Europe Elites Warn Greece 'Rejecting Austerity Means Default' -

Posted by admin Top Stories Tuesday, June 28th, 2011

The strategy of the elite with their personal institutions, a.k.a. International Monetary Fund and World Bank, are bringing it all home to the European and American masses. What they have been doing to “third-world” nations is now coming home to roost. ATHENS: As Greece teeters on the edge of bankruptcy, parliament is due to vote this week on a package of spending cuts, tax increases and privatisations agreed as part of a massive bailout aimed at averting the eurozone’s first default.

EU Warns Greece Rejecting Austerity Means Default

Posted by admin World Tuesday, June 28th, 2011

With Greece close to bankruptcy, trade unions promised to fill the streets of central Athens and surround parliament from Tuesday to try to prevent lawmakers approving the painful measures in votes on Wednesday and Thursday.

Violence Erupts in Athens Over Austerity Measures and IMF

Posted by admin Top Stories Tuesday, June 28th, 2011

The latest austerity plan must pass in two parliamentary votes Wednesday and Thursday if Greece is to receive bailout funds from the EU and the IMF that will keep it from becoming the first eurozone nation to default on its debts.

Gaza boat: Three questions for Marwan Bishara

Posted by admin World Tuesday, June 28th, 2011

With Mavi Marmara out of the equation and the Turkish activists joining hundreds of others on their ships in their peaceful journey to Gaza, Israel is finding it more difficult to justify another assault on the flotilla.

Greece debts: General strike held amid cuts debate

Posted by admin World Tuesday, June 28th, 2011

A 48-hour general strike has begun in Greece, as parliament prepares for a key vote on tough austerity measures.

General Strike Under Way in Greece

Posted by admin World Tuesday, June 28th, 2011

National shutdown comes as parliament debates austerity reforms to help crisis-hit government secure rescue loans.

Israel Security Cabinet Approves Navy’s Plan to Intercept Gaza Flotilla

Posted by admin World Tuesday, June 28th, 2011

Israel’s security cabinet on Monday approved the navy’s plans to prevent an international aid flotilla from breaching the naval blockade on the Gaza Strip, local media said.

European leaders prepare for a Greek default

Posted by admin World Monday, June 27th, 2011

European leaders have admitted they are preparing for a Greek default as the eurozone debt crisis enters a pivotal week.

U.S. to Gaza: Letter to President Obama

Posted by admin National News/Opinion, Top Stories Monday, June 27th, 2011

We are writing to inform you that 50 unarmed Americans will soon be sailing in a U.S. flagged ship called The Audacity of Hope as part of an international flotilla to Gaza. Our peaceful demonstration will challenge Israel’s blockade of Gaza, which has effectively imprisoned 1.6 million civilians, almost half of whom are under the age of 16.