German politicians, media warn about the next global financial crisis
OPS_admin | Nov 26, 2009 | Comments 0
Within Germany’s top political circles fear is growing of a second international financial crash exceeding in intensity and impact that of autumn 2008.
At the weekend, Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble (both Christian Democratic Union—CDU) warned that the economic crisis was far from over. “We have initially succeeded in limiting the effects of the crisis on people, but difficulties remain in front of us,” Merkel told a CDU meeting.
Schäuble compared the present financial crisis with the fall of the Berlin Wall twenty years earlier. “The financial crisis will change the world as powerfully as did the fall of the [Berlin] Wall. The balance between America, Asia and Europe is shifting dramatically,” he told Bild am Sonntag. He also appealed to bankers to exercise restraint when it came to their bonus payments.
Jean-Claude Trichet, president of the European Central Bank, expressed fears about a social collapse if there is a new round of bank failures. “It is surely too early to say the crisis is over,” he told a European congress of bankers in Frankfurt, adding the warning: “Our democracies will not accept twice giving such extensive support to the financial sector with taxpayers’ money.”
Full Story German politicians, media warn about the next global financial crisis.
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
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