Harvard’s Rogoff Sees 'Bunch' Of Sovereign Defaults - By Aki Ito (24/2/10) PDF Print E-mail
Aki Ito   
Wednesday, 24 February 2010 08:06

Bloomberg

Ballooning public debt is likely to force several countries to default and the U.S. to slash spending, according to Harvard University Professor Kenneth Rogoff, who in 2008 predicted the failure of big U.S. banks.

Following banking crises, “we usually see a bunch of sovereign defaults, say in a few years. I predict we will again,” Rogoff, a former chief economist at the International Monetary Fund, said at a forum in Tokyo today.

He said financial markets will eventually drive bond yields higher, and European countries such as Greece and Portugal will “have a lot of troubles.” Global scrutiny of sovereign debt has risen as nations including Greece reveal fiscal deficits that have swollen in the wake of the worst global financial crisis since the Great Depression.



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Growing Number Of Candidates Campaign For State-Owned Banks - By Ellen Brown (24/2/10) PDF Print E-mail
Ellen Brown   
Tuesday, 23 February 2010 18:59

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Last Updated on Tuesday, 23 February 2010 19:12
 
British Military Insider: World War III Is Being Staged; To Initiate Between Israel And Iran - By Carl Herman (23/2/10) PDF Print E-mail
Carl Herman   
Tuesday, 23 February 2010 08:18

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Report: Bush Lawyer Said President Could Order Civilians To Be 'Massacred' - By Michael Isikoff (23/2/10) PDF Print E-mail
Michael Isikoff   
Monday, 22 February 2010 22:03

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The Binyam Mohamed Case And The Threat Of Dictatorship - By Robert Stevens (23/2/10) PDF Print E-mail
Robert Stevens   
Monday, 22 February 2010 21:40

WSWS

Each day brings new revelations about the full extent of British involvement in the torture of those detained by the United States during the wars in Afghanistan and Iraq.


On Friday, it emerged that the London Metropolitan Police are investigating allegations that the British intelligence service MI5 was complicit in the torture of Shaker Aamer, the last remaining British resident being held in Guantánamo Bay, Cuba.

Aamer has been imprisoned at Guantánamo without charge since February 2002. His lawyers claim that British security and intelligence officers were aware that he was previously tortured while held in US custody at the US military prison at Bagram Air Base in Afghanistan. Aamer alleges that, in the presence of an MI5 officer, his head was repeatedly “banged so hard against a wall that it bounced” and that he was beaten by up to a dozen men and threatened with death.



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Last Updated on Monday, 22 February 2010 22:09
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