Copulation, Depopulation and Immersion. speaking Americanism Cruel Most Social Realism in India as Nuke Deal Operationalised

Copulation, Depopulation and Immersion. speaking Americanism Cruel Most Social Realism in India as Nuke Deal Operationalised

Troubled Galaxy Destroyed Dreams: Chapter 82

Palash Biswas

Chetia Cidambaram and the GOI gang do try very hard to invent the latest escape route for the entrapped India Incs. So called resilient Economy crashes!Finance Minister P Chidambaram tonight cancelled his visit to Washington for attending the Fall meeting of the World Bank and IMF on Monday. Sources said he cancelled his visit to be available here for tackling any situation arising out of the spreading global financial crisis and its ripple effect on India. Chidambaram, who was to participate in the informal meetings of the Fund-Bank meetings on Saturday and Sunday ahead of the plenary on Monday, would have also taken part in the in the US Treasury Secretary Paul Harrison's meeting with the Finance Ministers of the countries of the G-20 that includes India.


Whose Money is being pumped to sustain the Greed and Risk of the Money making machines of the Global ruling Hegemonies?

Another day of slaughtering saw Indian markets close at the lowest level of 2008 on Friday. Continuing the losing streak players slashed positions on concern the deepening credit crisis will send the global economy into recession.

Fears of a deeper economic slowdown grew stronger with the government reporting on Friday that industrial growth plunged to 1.3 per cent in August from a robust 10.9 per cent in the same month last year.

After tanking over 1,000 points in mi nutes after opening, the benchmark Sensex staged a moderate recovery but still closed lower by more than 800 points at 10,527.80, the lowest in more than two years, on sell-off spree which mirrored the panic among investors worldwide.

Even as the 30-share Sensex was recovering by mid- session on encouraging comments from Finance Minister P Chidambaram and reports of inflation declining against expectations, an abysmal performance in industrial growth pulled down the barometer again.

A moderate recovery in the key-index was backed by the RBI decision to cut CRR by one percent in addition to 50 basis points earlier this week.

Chetia Chidambaram is worried as the wholesale price-based inflation rate eases to 11.80 per cent from 12.40 per cent six weeks ago, retail prices of essential commodities witnessed a mixed trend in the national capital, with rates of seven items shooting up while those of four going down!

What do we, the common people and taxpayers get back from Central rule of the Fed and central banks worldwide? Who has to bear the cost of the all these false, worthless Bailout attempts?

What Right have the Central banks to channelise the Public Money and National Revenue to save the clusters of Bastards real?

Meanwhile US Couplates India as US President George W Bush on Wednesday signed into law the legislation to implement the Indo-US civil nuclear deal with an assurance there is no change in fuel supply commitments as reflected in the 123 Agreement.


“This is a big deal,” said Bush as he signed the “H.R. 7081, the United States-India Nuclear Cooperation Approval and Non-proliferation Enhancement Act” at 2:34 p.m. (00:04 a.m. Thursday India time) in the East Room of the White House.


Vice President Dick Cheney, Secretary of State Condoleeza Rice and Indian Ambassador to the US Ronen Sen were among the dignitaries who witnessed Bush sign the historic law that would allow resumption of nuclear commerce between the two countries after three decades.


Also attending were prominent members of the Indian-American community, captains of industry, lawmakers, diplomats and officials, who played a major role in getting the deal through the Congress in less than a month after the Nuclear Suppliers Group (NSG) gave India a waiver on nuclear trade.


Bush thanked members of his administration, especially at the State Department and White House who worked to secure the deal, lawmakers and leaders of the Indian American community.

On the other hand, in the face of a bloodbath in the global markets, Prime Minister Manmohan Singh on Friday put up a brave face stating there is no question of Indian economy slipping into recession.


"Economy will grow by 7.5-8 per cent this fiscal. There is no question of a recession," Singh said at a press conference.


He said the Government was keeping a constant watch on the situation arising out of the worldwide liquidity crisis.


"The situation is being watched on a day-to-day and hour-to-hour basis. We will take appropriate steps to protect our economy," the Prime Minister asserted.


Singh said India's banking system "is not affected to the same degree as in the western countries".


He, however, agreed that capital outflows from the country were exerting pressure on the liquidity and rupee exchange rate.


In the past 10 days alone, foreign institutional investors have pulled out close to a billion dollars from the Indian bourses, which has not only devastated the stock indices but also weakened the rupee that touched an all-time low of Rs 49.30 against the US dollar before recovering slightly to close the day at Rs 48.45/46.


Earlier, the RBI announced a further cut of 100 basis points in the Cash Reserve Ratio that would inject an additional Rs 40,000 crore in the banking system. This would be over an above Rs 20,000 crore infusion that was to result from the 50 basis points CRR cut announced earlier.


However, this could not check slide in the stock market, which saw the benchmark Sensex tanking over 800 points.



Reserve Bank of India has extended one per cent cut in the mandatory deposit requirement -- cash reserve ratio -- by banks to Regional Rural Banks as
well in addition to earlier announced 0.5 per cent reduction so as to further ease pressure on liquidity. CRR has been reduced by 100 basis points to 7.5 per cent, in addition to the 50 basis points cut announced on October 7, of the net demand-and-time liabilities.

The new rates will be effective from the fortnight starting tomorrow, RBI said in a notification.

Earlier in the day, RBI reduced CRR for scheduled commercial banks to 7.5 per cent with the intention to release Rs 60,000 crore in the financial system facing liquidity problem arising out of the global turmoil.

The announcement comes two weeks ahead of a scheduled half-yearly review of the credit policy.

This is the Crisis for Corprate,MNC and personal prosperity! Why do the Nations of the galaxy and the Black untouchable indigenous people have to suffer for the Greed and risks of the Global Ruling classes?

While the Global Financial crisis exposes another Humanscape worldwide, india seems to be a little bit less volatile! The market Forces claim it to be the most positive note and creates the false hope of resurgence which is not going to happen until the markets worlwide steady.

Indian and US fates are coupled today. The couplation is damn sexy as the much hyped Indo US Nuclear deal is Operationalised and the strategic realliance comes into force in US lead. Now US includes its periphery India into the selected group of Twenty. It is a milestone, indeed, just like the NSG waiver!

India is projectede as the third world Hindu Superpower which escapes the heat and dust of the Global Financial crisis. Realty market shattered. Foreign banks are on the verge of Bankruptcy. Just consider the ICICI case. Insurance has turned nightmare. Have a look on the AIG! Information Technology sector is blasted. Infosis fights for breathing. Tata steel may not hold on! Moreover, honourable Laxmi Mittal loses more than 16 Billion dollars.

Without any sustainable growth or internal strength, FIIs balooned the SENSEX upto 22 k. It breaks down correcting itself under Ten k. What happened to the Shining India? What happened to the Growth rate?

Decoupled are the Masses in India with the national money Market and finance! It is the same case in third world countries worldwide where the Masses have never been a part of any financial system at all.

Countries like Japan and China could not sustain because the global development and industries do depend on the US and European market, not us!

The RBI has assured the government it was keeping a close watch on the market and would take appropriate steps, a top finance ministry off
icial said on Friday.

Finance Secretary Arun Ramanathan said the government had set up a panel, which includes representatives from the central bank, to assess the liquidity problem and advise the government.

The group has been asked to submit an interim report within a week, Ramanathan told a news conference. He said the economic fundamentals of India were strong and banks would make credit available to the productive sectors of the economy.



Our people don`t feel or understand the Melt Down just because millions do starve here. Latest UN reports show that the One fourth of the Global starving population is based in India only. Just complete the South Asian, South East Asian and Asian Geopolitical Picture or mapping of feminine and man made calamities! Unemployed are millions. Millions have to join as soon as the depression takes over Asia and all the Bastard MNCs do fly with all deposit, mutual funds, insurances, jobs and investment!

SC, ST, OBC, Minorities, aboriginal tribes and indigenous people, the Black untouchables of this planet are victims of inherent injustice and inequality. They never consist of any Economy anywhere! Thanks God, BPL population in India is majority. Thus, the Chetia Chidambarm chooses to play with National revenue and pumps Rs sixty thousand corore for the bailout of the Greedy Ruling class on a single day! RBI is generous to lend free to the Erring Financial institutions while all the Culprit Foreign Investment Institutions fly like a worst wind in the desert!

Thanks God! The infamous Inferno in the Indices never touches the Indigenous People. But we have to bear the Heat and the Dust as ultimately we , and only we have to pay for the meltdown losing land, livelihood and life, nature and natural resources, Environment and Space and Seas!

The tamed, enslaved Black Untouchables, minorities and indigenous people all over the world have to suffer for the Wellness and Greed of Effluent White, Brahmin, Zionist Global ruling classes. This happens to the cruel most social realism of this galaxy, never focused on by any Nobel laureate! All Creative Adventures are meant for genocide and annihilation culture, the gestapo surviving the history!

The Inequality and Injustice are the best blessings for the Lumpen Ruling Classes worldwide. our death means the most sexy paradise for them. As toilet Media turn into Play Boys and Pent Houses!

Apartheid and caste system have been the best Escape route for the Global ruling classes for thousands and thousands years! They demonise us simply to kill us.

Immersion of Freedom, Democracy whatsoever and Sovereignty is complete, peaceful, Bloodless!

After European policymakers and Reserve Bank of India, the International Monetary Fund is now awakening to the potential threat by the sovere
ign wealth funds (SWF).

In its latest World Economic Outlook released on Wednesday, the fund has expressed concern that the growing presence of SWFs have the potential to impact global financial stability and the key parameters in the US markets if they choose to diversify their currency portfolio mix. Though many central banks that promote such funds predominantly hold their foreign exchange reserves in dollars and dollar-based assets, the same does not hold true for stylised SWFs. “Compared to reserve assets, which are predominantly dollar-denominated and generally held in the form of US Treasury bills or agency securities, the stylised SWF portfolios are more diversified across both asset classes and currency exposure.’’ the IMF has said.

An IMF analysis suggests that the pattern of global capital flows would change significantly, with advanced economies facing lower capital inflows and emerging economies attracting substantially larger inflows. This suggests reduced inflows into government bond markets, with attendant implications for interest rates. The shift away from reserve assets could have the most significant effect on markets in the United States, if countries diversify away from dollar holdings, the fund said in its report.

Market estimates suggest that assets under management of SWFs exceed assets managed by hedge funds ($1.9 trillion)—and account for about one-fourth to one-third of foreign assets held by the central banks of the economies that have floated such SWFs. Although SWF assets remain small relative to total global financial assets (about $190 trillion), they are large compared to the stock market capitalisation of even mature market and also some debt and capital markets in emerging economies. But SWFs’ portfolios is often invested in nonfinancial assets, such as real estate. SWF assets are projected to surpass the stock of global foreign exchange reserves in the not-so-distant future and to top $7 to $11 trillion by 2013 .

Thus it is clear that SWFs will play an increasingly prominent role in global financial scene. Against this background, a key concern is the impact of the growing presence of SWFs on the pattern of global capital flows, asset prices, and financial stability more generally.

SWFs typically have medium-to-long term investment horizons, suggesting that they are less likely to make abrupt portfolio shifts that could affect market stability, though many SWFs have made large capital injections into systemically important financial institutions, suggesting that SWFs can play a stabilising role in global financial markets.

Yet, even a gradual shift towards greater portfolio diversification of reserve assets through SWFs, could have implications for the flow of funds between countries, the absolute and relative price of assets, and the evolution of global imbalances

Now, you can leave home without your wallet and still make purchases up to Rs 10,000 through your mobile phone. Not just that, you will also be able to make utility-bill payments up to Rs 5,000 through your mobiles.

The Reserve Bank of India (RBI) has decided to relax its mobile-banking norms, and has raised the caps on fund transfers as well as mobile-based payments. Taking into account requests from banks and mobile payment-service providers, RBI has raised its transaction limit to Rs 5,000 per day for fund transfers.

The regulator has also provided a cap of Rs 10,000 for purchases through the mobile. While the likes of ICICI Bank and HDFC Bank have already rolled out mobile-banking services, banks like State Bank of India and Axis Bank are also expected to roll out their mobile-banking services.

RBI released its final operative guidelines for mobile banking on Wednesday, after it took into consideration the comments from participants on its second set of draft guidelines which it released on September 19. The major changes made were the increase in fund-transfer limits from Rs 2,500 a day to Rs 5,000 a day.

Also, the central bank has said that it will consider relaxing the registration procedure for m-banking on a case-to-case basis, when banks apply for their licences. At present, banks are required to get a form signed by all their customers.

The changes have been welcomed by industry players, who view it as a move which will make m-banking more practical and widen its scope as well. Sanjay Swamy, CEO of mobile payments provider mChek, said: “The increase in limits is a significant change, which shows RBI’s intention of making the medium a universally acceptable payment tool.

” Further, Vijay Balakrishnan, chief marketing office of Obopay India, said: “The relaxation in the registration process is a positive step since one needs to keep the customers’ convenience in mind for new initiatives like these.”

Mobile-payment firms are also hopeful that the successful roll-out of m-banking products will enable RBI to relax its norms further. Dewang Neralla, director of Atom Technologies, said: “The enhanced per-day limit will give customers the flexibility to make multiple payments. We are also confident that RBI will increase this limit further once it
takes off.”

Most of the other implications of the guidelines are the same as the draft guidelines. Banks will be able to extend the service to all their customers. RBI has also said that the long-term goal of the mobile-payment framework in India would be to enable fund transfers from an account in one bank to any other account in any bank on a real-time basis, irrespective of the mobile network the customer has subscribed to.

At the same time, RBI has recommended that all mobile-banking transactions are validated through a two-factor authentication system, thereby complying with the latest security and encryption standards. The guidelines also recommend that banks do not compromise on their KYC and anti-money laundering guidelines.

They will also be required to file suspicious transaction reports to the Financial Intelligence Unit for all mobile-banking transactions, as in the case of regular banking transactions.

According to RBI, the number of mobile phone users in the country was at about 261 million by end-March this year, and it is growing at about eight million per month. Banks have been exploring the feasibility of using mobile phones as an alternative channel of delivery of banking services.

India on Friday advocated the need for an "Asian imprint" for governance and regulation of markets as an alternative to capitalism and so
cialism to tackle the crisis arising out of the global financial turmoil.

It also cited the economic turmoil as an "opportunity" for creating a coherent set of transparent rules to have a fair and orderly market.

"We now have the opportunity to create better regulatory systems and best practices. We must enforce them evenly," India's Overseas Affairs Minister Vyalar Ravi told hundreds of Non Resident Indians gathered here to attend the Prawasi Bharatiya Diwas (PBD).

"We must leave an Asian imprint on the governance and regulation of markets. We must articulate an alternate third paradigm beyond the two poles of market capitalism and socialism," he said.

Contending that sustainable economic growth was far too important to be left entirely to the market, Ravi said free markets were often were prone to manipulation.

"The absence of regulation can and does create a moral hazard," he said, adding, "the menace of forward trading in commodities or short selling in stock market" posed a grave risk to the sustainability of markets.

With over 800 CEOs, businessmen, bankers and academics representing the Indian diaspora present at the two-day conclave, Ravi said part of the global economic slowdown and rising inflation was due to excessive forward trading in oil.

"It is no small coincidence that the conventional equilibrium theory of demand and supply has failed to explain the extreme volatility and the rise in global oil prices."

The minister felt that short selling in stocks also contributed to the current crisis as it was an "invitation to market manipulation".

Government is mulling tightening norms for withdrawals from Employees' Pension Scheme (EPS), introduced for all subscribers, who joined Em
ployees Provident Fund from November 11, 1995, in order to bridge huge deficits faced by the scheme.

Although no such formal proposal has been mooted so far, the matter did came up for discussion on a few occasions during past meetings of Central Board of Trustees (CBT).

"Government is planning to do away with the provision of withdrawals of lump sum money from EPS 1995 before or at retirement. The matter has come up on a few occasions during recent CBT meetings, but no formal proposal has been mooted so far," a CBT member said.

He added that, "The changes in EPS rules regarding withdrawal would help government to curtail deficits being faced by the scheme which are around Rs 40,000 crore at present. These changes would not affect any post-retirement pension benefits to the subscribers."

Commutation of pension is a tool in the hands of subscribers of the schemes, which helps them meet certain immediate lump sum requirement at the time of retirement like for marriage or education of a child.

The subscribers can also withdraw money from the scheme before retirement. This also increases the deficits and affects the benefits to retirees.

An Employees' Provident Fund Organisation official said, "Since all subscribers of the scheme get enough Provident Fund money to meet immediate requirement, there is no need to allow withdrawal from pension scheme. The commutation of pension helps in developed western countries where there is no Provident Fund."
fluctuated Thursday as Wall Street weighed the prospects for the economy after IBM Corp. affirmed its profit forecast and investors hoped the government might take ownership stakes in banks to help stabilize the financial industry.

But declines in some blue chip names like General Motors Corp. weighed on the markets and hurt the Dow Jones industrial average. Broader market gauges were mixed.

Investors looked to recover from near-panic selling that cascaded through global markets in the past week. Stocks around the world moved mostly higher one day after the Federal Reserve and other leading central banks cut interest rates to help unclog the credit markets and stimulate the global economy.

There's some hope by investors that Wall Street is getting closer to finding a bottom after the worst six-day rout for the Standard & Poor's 500 index since 1987. On Wednesday, the Dow gave up 189 points to close at 9,258.10 — and was down about 35 percent from its high of 14,164.53 reached exactly one year ago.

"I think the base driver today is that we're oversold," said Arthur Hogan, chief market analyst at Jefferies &;;;;;;;;; Co. "You can't do that too long before things turn around, and I think the bottom of this market gets put in this week."

While a rate cut can take up to a year to work its way through the economy, the move was aimed as a boost to investor sentiment. Perhaps adding to that, there were some signs Thursday that corporate earnings might come in better than expected. IBM, one of the 30 stocks that make up the Dow industrials, posted third-quarter results that beat forecasts and affirmed its full-year earnings forecast.

Investors also appeared cheered by a plan being considered by the Bush administration to invest in hobbled U.S. banks as a way to stabilize the financial sector. An administration official, who asked not to be identified because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and obtain ownership shares in return.

Britain rolled out a similar plan, though no U.K. bank has received any investments. In Iceland, the government now has control of all three of the country's major banks as it struggles to contain the troubles there.

Wall Street also gained some confidence after the government reported applications for unemployment benefits dropped last week from a seven-year high. The Labor Department's report matched projections, though claims still remain at elevated levels.

In midmorning trading, the Dow Jones industrial average fell 69.85, or 0.75 percent, to 9,188.25. GM was the biggest decliner in the Dow, falling $1.24, or 18 percent, to $5.67.

Broader stock indicators were mixed. The Standard & Poor's 500 index slipped 4.19, or 0.43 percent, to 980.75, and the Nasdaq composite index rose 9.83, or 0.56 percent, to 1,750.16.

Asian stocks plunged on Friday, with Japan's Nikkei down 24 percent in the week, while the US dollar rose to a 14-month high against a gro
up of major currencies, on panic that global efforts so far have failed to stop financial chaos from spreading.



European shares opened 4 percent lower with waves of negative sentiment crashing overseas. US stock futures were down 3 percent, pointing to a steeply lower open on Wall Street.

A synchronised cut in borrowing costs by central banks around the world this week was seen as too little, too late, and investors doubted a meeting of the Group of Seven rich nations later on Friday could achieve much, with fears growing that the global economy is headed towards recession.

U.S. government debt and the yen have become shelters from the worsening financial crisis that overnight knocked the U.S. S&P 500 stocks index down 7.6 percent to a 5-year low. But cash was ultimately king, with even Japanese government bonds being liquidated for funding.

Fears of a sharp slowdown in demand for raw materials from heavy consumers like China and the United States dragged oil prices down to a 12-month low below $83 a barrel.

"It's impossible to predict the bottom, and technical analysis is meaningless as panic and fear overwhelm the markets," said Jang Huh, managing director at Prudential Asset Management in Seoul.

The Nikkei share average finished down 9.6 percent, bringing the week's losses to 24 percent, more than twice what it lost during the week of the 1987 stocks market crash.

Japan has a market holiday on Monday, so investors did not want to be caught unprepared.

Grappling with severe liquidity crunch, India's economic woes escalated on Friday with industrial growth slipping to 1.3 percent and inflation moderating only slightly to 11.8 percent, even as experts cautioned against complacency while key policymakers maintained that the country's fundamentals remained strong.

"Our policymakers seem to be in a denial mode," said noted business economist D H Pai Panandikar, while referring to Finance Minister P Chidambaram's statement Friday that the main problem in the Indian financial system was liquidity.

"Yes, liquidity is a problem and I am glad the finance minister also says so. But the markets have crashed, the rupee is sliding, there is a global turmoil and inflation remains high. All this could affect out growth," Panandikar, who is president of RPG Foundation, a think tank, told IANS.

His comments came against the backdrop of a steep drop in a key Indian market index and a subsequent statement to placate sentiments by the finance minister who said the impact of the financial storm on the Indian economy was not as deep as feared by some sections of the investing public.

"We have identified that the main problem is liquidity," Chidambaram said in a statement early Friday, adding: "There are many indicators which affirm the sound fundamentals."

He said the cut in cash reserve ratio (CRR) by the Reserve Bank of India (RBI) by 50 basis points Monday and another 100 basis points Friday were steps in the right direction to address the liquidity problem.

Even as his statement was being read out by Finance Secretary Arun Ramanathan, came another gloomy news that the growth of India's index for industrial production was a mere 1.3 percent in August, which added to the worries of apex industry chambers.

"There is a need to reduce the repo rate (the rate at which central bank lends to banks) by 150 basis points at this juncture to attract liquidity inflows," said Federation of Indian Chambers of Commerce and Industry (Ficci) in a statement.

"Measures like cut in CRR were long over due," added Sajjan Jindal, president of the Associated Chambers of Commerce and Industry (Assocham), another leading industry lobby.

Europe and Asia saw panic selling of stocks on Friday, knocking the benchmark world equity index to a 5-year trough, while oil fell to a one-year low as fears grew policymakers are not making enough efforts to contain the financial crisis.

Government bonds in Japan and the euro zone -- usually safer assets which outperform in times of risk aversion -- fell as investors dashed to cash in any assets they have to gain access to capital.

Equity trading in Russia, Iceland, Romania, Ukraine and Indonesia has been halted while nearly half the stocks in Milan are suspended for excessive losses, just hours before finance chiefs from Group of Seven rich nations meet in Washington.

So far, measures from the United States, Britain and other countries to fight the worst financial crisis in 80 years -- even this week's coordinated interest rate cuts -- have failed to calm credit and money markets and quell investor fears.

"The stark reality is that markets have judged the coordinated interest rates cut not to have been enough, and we are now left wondering how best to get ourselves out of this downward spiral," said Chris Hossain, senior sales manager at ODL Securities.

One gets the feeling that this market is now strictly confined to the brave." MSCI world equity index fell more than 4 percent at one point to a five-year low, losing a fifth of its value this month alone. The index has lost 43 percent since January, on track for its worst weekly, monthly and yearly performance in 20 years.

RELENTLESS SELL-OFF

Japanese stocks fell nearly 10 percent for their biggest one-day percentage loss since 1987. Yamato Life Insurance, an unlisted midsized insurer, became the first Japanese financial institution to collapse in this crisis.

In Japan, investors dumped even domestic government bonds -- considered safer than most other assets -- as fears of counterparty defaults froze the key repurchase market, prompting dealers to sell bonds to secure cash.

"This is panic... There's nothing left for us to trust," said Takashi Ushio, head of investment strategy at Marusan Securities. "Investors are scurrying to convert to cash. A lack of confidence is coupling with panic."

As the stock market crashed under the pressure of global meltdown and the RBI cut the CRR by 1 per cent, Finance Minister P Chidambaram o
n Friday promised to address liquidity and other concerns of the economy.

He also announced the decision to constitute a group consisting of top bankers headed by Finance Secretary Arun Ramnathan, who is also Secretary (Financial Services) to make a quick assessment of the requirements of the liquidity and advise the government accordingly.

"Credit is the lifeline of trade, commerce and business and, hence, it is important that credit continues to flow to all sectors of the economy. In consultation with RBI and other regulatory authorities, government will address the liquidity and other concerns about the economy," Chidambaram said in a statement.

"It is also important to maintain our confidence in the Indian economy. As the Cabinet noted on Wednesday, the fundamentals of our economy are strong and there are many indicators which affirm the sound fundamentals," he said in the statement, released by the Finance Secretary.

Chidambaram, who is believed to have rescheduled his trip to Washington for attending the meetings of IMF-World Bank and G-20 leaders on the global crisis, stepped in after the BSE Sensex crashed by about 1100 points this morning.

Prompt action by RBI and Chidambarm's statement helped a substantial recovery but the selling pressured emerged to leave the market volatile.

"I have requested the group to begin work immediately, also visit Mumbai and submit an interim report within a week," the Minister said.

Reacting to the measures, bankers said that though liquidity would remain a problem, interest rate may come down.


Press Information Bureau
Government of India
*****
Statement of Finance Minister

New Delhi : October 10, 2008

The following is the text of statement of Finance Minister, Shri P. Chidambaram. The statement was read out by Finance Secretary, Shri Arun Ramanathan, on behalf of Finance Minister here today:

“On Wednesday, the Cabinet reviewed the financial situation in India and authorised me to issue a statement on behalf of the Cabinet/Government. We have identified that the main problem is liquidity, and we have assured the people that we will respond swiftly and take steps to infuse more liquidity according to the needs of the situation. Reserve Bank of India was advised to take appropriate steps in this behalf.

Following the cut in the CRR by 50 basis points announced on Monday, October 6, 2008, the RBI has, this morning, announced a further reduction in the CRR by 100 basis points, thus making a total reduction of 150 basis points. I welcome the decision of the RBI. The Governor, RBI has also assured the Government that the RBI is keeping a close and continuous watch on the situation and will take appropriate steps according to the evolving situation.

Meanwhile, I have received a number of representations from banks, other financial entities/intermediaries, corporates and small businesses that the issue of liquidity must be addressed in a comprehensive manner. They have impressed upon me that intermediation of credit must take place smoothly and efficiently.

I have, therefore, decided to constitute a group to make a quick assessment of the requirements of liquidity and advise the Government. The group will be headed by Shri Arun Ramanathan, Finance Secretary and Secretary (Financial Services). It will consist of:

(i) Representative of RBI

(ii) Shri T.S. Narayanaswamy, Chairman, IBA & CMD, Bank of India

(iii) Shri U.K. Sinha, CMD, UTI

(iv) Shri Y. M. Deosthalee, CFO, L&T & Director-in-charge, L&T Finance Limited

(v) Shri R.M. Malla, CMD, SIDBI

The group has been authorised to co-opt any more members, if necessary.

I have requested the group to begin work immediately, also visit Mumbai, and submit an interim report within a week.

I wish to draw attention to the statement made by Mr. Robert Zoellick, President, World Bank that “India is in a position to weather the global financial turmoil.” I also wish to draw attention to the statement of Mr. H. Kuroda, President, ADB that “the impact on the financial sector in Asia is limited this time.”

Credit is the lifeline of trade, commerce and business and, hence, it is important that credit continues to flow to all sectors of the economy. In consultation with RBI and other regulatory authorities, Government will address the liquidity and other concerns about the economy.

It is also important to maintain our confidence in the Indian economy. As the Cabinet noted on Wednesday, the fundamentals of our economy are strong and there are many indicators which affirm the sound fundamentals.”

BSC/SS/DN-250/08  /:/......spandey/kol....(RelSet1_10Oct08)

Lone wolf writes to Political forum rightly:
As the whole world's economy is being sucked down a bottomless black
hole, I really get off watching the world’s leaders, economic pundits
and spineless sycophants squirming as they put forward all sorts of
inane, impotent, idiotic theories designed to quell public outrage
over the pillaging of tax payers money rewarding corporate crooks for
a job well done.

What more could a Socialist ask for, than governments all around the
world saying "screw you workers, we are going to rob you blind to prop
up business." Have you any idea how much work that saves us---
months?

Marx was right, and that's that. What more proof do you need?

Gaar to PoliticalForum
show details 1:19 AM (19 hours ago) Reply

...and the Market is in a free fall, yet again.

Imagine that.

If we are going to Regulate, we should start with Regulating people
who Sell Securities they don't own (Naked Shorting).

Seems the Real money, seeing that Obama is going to be Elected, is
choosing to Short this Market, even after 40% Losses already.

Seems we are being left with no choice but to get out now, before our
Securities are worthless, and Obama wants to increase our Taxes on
them, if we should happen to make some money.

I think it's time to start looking at alternatives, for at least the
next 4 years...

You Loony Liberals seem intent on taking this Country on a Course that
I don't care to be part of anymore, so I will Vote on November 4th,
and if things go like they seem they may, I will be Voting with my
Assets soon thereafter.

Lone wolf writes well to Political forum:
Evidence, how much more evidence do you want? The central banks of the
world are rewarding corporate crooks with trillions in tax payers
money while taking over their toxic debt putting on the back of the
tax payer. Win, win there MJ.

BTW. Capitalism rewards the most venal power hungry reprobates with
position and power, not endeavour, integrity and altruistic honesty.
If you tell the truth you are very likely to end up with a bullet in
your head. It is a system that is inherently corrupt, that cannot be
reformed.

Keep up the insanity..........the fat lady is singing so loud it's
deafening, Are you deaf per chance?

Wall Street crashes amid mounting signs of global recession.........Oh
Wall St crashes, capitalism working according to its inherent
contradictions I see.
By Peter Symonds
10 October 2008

With a further dramatic plunge on Wall Street yesterday, the US and
global economic crisis has entered a new stage, spreading from the
financial system to the productive foundations of the economy. Along
with banking and insurance stocks, shares in the industrial sector,
including icons of American capitalism such as General Motors and
Ford, were hammered amid declining sales, a continuing credit crunch
and growing fears of a protracted global recession.
A highly volatile day on the New York stock exchange concluded with a
panic sell-off in the last hour of trading. The Dow Jones Industrial
Average fell through the 9,000 mark for the first time since 2003,
creating a slew of headlines, only to plummet further and end at 8,579—
down 679 points, or 7.3 percent.
The Standard & Poor’s 500 Index fell even more sharply, losing 7.6
percent to close at 910. The Nasdaq Composite Index was also badly
hit, falling 5.6 percent to 1,645. Declining stocks outnumbered rising
stocks by 20 to one, as almost $900 billion in value was wiped off of
US shares.
New York Times analyst Floyd Norris bluntly described the falls of the
past week as “the crash of 2008,” comparing them to the October 19,
1987 collapse that wiped 20.5 percent off of the S&P index. “So far in
October—after only seven trading days—the S&P is down 22 percent,” he
wrote. “The only other time since the Depression that there was that
large a fall within seven days was in 1987.”
http://www.wsws.org/articles/2008/oct2008/cras-o10.shtml

European Union remains paralysed in face of market
turmoil..............paralyzed and impotent, looks like time to expand
the war.
By Chris Marsden and Julie Hyland
8 October 2008

The European Union’s finance ministers agreed Tuesday to raise the
guarantee on bank deposits to a minimum of €50,000 ($68,160) and “to
take all necessary measures to enhance the soundness and stability of
our banking system and to protect the deposits of individual savers.”
They would “ensure a comprehensive and coordinated response to the
current situation,” a joint statement declared. The finance ministers
ruled out a US-style bailout, but said they would defend “systemic”
institutions from collapse.
The declaration was an attempt to present a united front after days of
indecision and fractious wrangling. It came in the aftermath of
“Meltdown Monday,” in which nervousness over the state of Europe’s
banking system contributed to massive falls in share prices on the
major stock exchanges.
In just 24 hours, governments in Belgium, Luxemburg and Germany were
forced to mount emergency bank rescue operations, while in Iceland
trading was suspended and the government warned of the potential
collapse of the country’s economy. Russia suspended trading twice on
Monday and Tuesday and share values fell by over 20 percent
http://www.wsws.org/articles/2008/oct2008/euro-o08.shtml



Picked to direct the Wall Street bailout: Who is Neel Kashkari?
By Alex Lantier
8 October 2008


On October 6 US Treasury Secretary Henry Paulson named Neel Kashkari
to head the Treasury’s new Office of Financial Stability (OFS). The
OFS is charged with paying out $700 billion to Wall Street banks and
other financial firms in exchange for their failed mortgage-backed
assets, under the terms of the bailout signed into law by President
Bush on October 3.

Kashkari’s identity is thus a matter of considerable public interest.
Only 35 years old, Kashkari joined the Treasury in 2006 “as a Senior
Advisor to US Treasury Secretary Henry M. Paulson,” according to his
official Treasury Department biography. At the time, Paulson was
giving up his job as CEO of Wall Street investment bank Goldman Sachs
to join the Treasury.

The biography continues, “Prior to joining the Treasury Department,
Mr. Kashkari was a Vice-President of Goldman Sachs & Co. in San
Francisco, where he led Goldman’s IT Security Investment Banking
practice, advising public and private companies on mergers and
acquisitions and financial transactions.”

Despite his high rank, Kashkari has only a few years of experience in
finance. After initially studying aerospace engineering at the
University of Illinois, he worked at defense firm TRW on contract
projects from the US space agency NASA, before switching careers and
attending the Wharton School of Business in Philadelphia. He joined
Goldman Sachs after graduating from Wharton in 2002.

Once at the Treasury, Kashkari helped prepare the recently passed
bailout. The Wall Street Journal wrote, “Mr. Kashkari was part of the
Treasury team that negotiated the asset-repurchase program with
Congress [...] He was also one of the originators of the plan. Last
year, he and Phillip Swagel, assistant secretary for economic policy,
crafted a proposal called ‘break the glass’—referring to the emergency
nature of using such a tool—which envisioned Treasury buying bad loans
and other assets.”

Kashkari’s history highlights the extraordinary influence of Goldman
Sachs, a firm that stands massively to benefit from the bailout its
former executives have organized at the Treasury. Not only does
Goldman now have the option of unloading its failed mortgage-backed
assets on the Treasury, but it stands to make large sums from carrying
out the actual transactions of the bailout program itself.

On October 7, the New York Times wrote that Kashkari’s office was
moving to “outsource almost the entire [bailout] project.” It
continued: “The Treasury said it intended to hire one company as a
‘financial agent’ to set up the basic system, which would include
running the auctions, keeping track of the various portfolios, and
overseeing all the operational issues.” The OFS will also ask
“experienced investment managers” to value and sell the failed assets—
and these managers will come from firms that are “either sellers or
buyers of mortgage-backed securities.”

The deadline for the Treasury to accept firms’ bids for the “financial
agent” position is today, and the Treasury will announce its choice on
October 10.

Goldman Sachs’ competitors have leaked objections in the press to the
role of an ex-Goldman Sachs executive as the arbiter of this scramble
for lucrative government contracts. In its article on Kashkari, the
Financial Times wrote, “The prominence of Goldman alumni within the
administration has raised eyebrows at competing Wall Street banks,
which have become concerned about what some privately see as Goldman’s
disproportionate influence over policy.”

While echoing some of these complaints, the media has suggested the
government was taking corrective measures. Thus the Wall Street
Journal commented, “Treasury is trying to determine how to handle
conflicts of interest as a result of the program, especially with
regard to the asset managers it hires. Anyone with direct experience
of these mortgage assets will likely work for a firm with a financial
stake in the same assets. [...] While it is unlikely that all
conflicts will be eliminated, Treasury wants to find a way to manage
conflicts using strict guidelines, according to people familiar with
the matter.”

It is, of course, impossible to eliminate or control conflict of
interest in the OFS program, because the entire bailout project—
whereby the financial industry dictates the terms under which it
receives $700 billion from the US Treasury—is in and of itself a
gigantic conflict of interest.

In pushing the bailout, its supporters—particularly Democratic
congressional leaders and presidential candidate Barack Obama—claimed
there would be “transparency” and “oversight” safeguards. The
nomination of Kashkari, however, exposes the fact that the financial
elite will direct the entire process on behalf of its own interests.

ISR Issue 61, September–October 2008
Interview
Arundhati Roy
http://www.isreview.org/issues/61/feat-arundhatiint.shtml

Brave New India


ARUNDHATI ROY is the celebrated author of The God of Small Things, winner of the prestigious Booker Prize. The New York Times calls her "India's most impassioned critic of globalization and American influence." She is the winner of the 2002 Lannan Award for Cultural Freedom. Her latest books are The Checkbook and the Cruise Missile, with David Barsamian, and An Ordinary Person's Guide to Empire.
ALL NATIONS have ideas about themselves that are repeated without much scrutiny or examination: the United States—a beacon of freedom and liberty; India—the world's largest democracy, dedicated to secularism.
INDIA HAS done a better job than the United States in recent years. The myth about the U.S. being a beacon of liberty has been more or less discredited amongst people who are even vaguely informed. India, on the other hand, has managed to pull off almost a miraculous public relations coup. It really is the flavor of the decade, I think. It's the sort of dream destination for world capital. All this done in the name of "India is not Afghanistan," "India is not Pakistan," "India is a secular democracy," and so on.
India has among the highest number of custodial deaths in the world. It's a country where 25 percent of its territory is out of control of the government. But the thing is that these areas are so dark, whether it's Kashmir, whether it's the northeastern states, whether it's Chhattisgarh, whether it's parts of Andhra Pradesh. There is so much going on here, but it's just a diverse and varied place. So while there are killings going on, say, in Chhattisgarh, there's a festival in Tamil Nadu or a cricket match between India and Australia in Adelaide. Where the light is shone is where the Sensex stock market is jumping and investments are coming in. And where the lights are switched off are the states where farmers are committing suicide—I think the figure is now 136,000—and the killing, in say, Kashmir, which is 68,000 to 80,000. We have laws like the Armed Forces Special Powers Act, which allows even noncommissioned officers to shoot on suspicion.
It's quite interesting what's going on right now, because we are at the cusp where the definition of terrorism is being expanded. Under the BJP, the Bharatiya Janata Party—that's the radical Hindu government previously in power—much of the emphasis was on Islamic terrorism. But now Islamic terrorism is not enough to net those that the government wants to net, because the minimum qualification is that you have to be a Muslim. Now, with these huge development projects and these Special Economic Zones that are being created and the massive displacement, the people that are protesting those have to be called terrorists, too. And they can't be Islamic terrorists, so now we have the Maoists. The fact is that both in the case of militancy in Kashmir as well as the expansion of the Maoist cadres, they are both realities—it's not that they are not—but they are realities that both sides benefit from exaggerating. So when Prime Minister Manmohan Singh says it's the greatest internal security threat, it allows various state governments to pass all kinds of laws that could call anybody a terrorist. Say, tomorrow, they came into my house here. Just the books that I have would make me qualify as a terrorist. In Chhattisgarh, if I had these books and if I weren't Arundhati Roy, I could be put into jail. Human rights activists, like, say, a very well-known doctor, Binayak Sen, has just been put into jail on charges of being a Maoist. He's being made an example of to discourage people from having any association with those who are resisting this kind of absolutely lawless takeover of land now. Thousands and thousands of acres are being handed over to corporates. So now we're sort of, as I said, on the cusp of expanding the definition of terrorist so that a lot of people who disagree with this mode of development can be actually imprisoned and are being imprisoned.
Until recently, even post-1990s, when the sort of neoliberal model was imported into India, we were still talking about the privatization of water, the privatization of electricity, the devastation of the rivers. But when you look at privatization of water and electricity, still these corporate companies had to find their markets here, even if it was for the Indian elite, even if it was just making water and electricity too expensive for local people. But with the opening up of the mineral sector and the discovery of huge deposits of bauxite and iron ore in states like Orissa and Chhattisgarh, we are watching these places turn into what it was like in Africa, what it is like in the Middle East, where you don't have to find a local market. You just take the whole mountain of bauxite and you store it in the desert in Australia and you trade bauxite on the futures market. So the corporates are here, and their guns are trained on these minerals.
If you look at a geographical map of India, you will see that the only areas where there are forests are where Adivasis, tribals, live, and under the forests are the minerals. It is these ecologically and socially most vulnerable parts of India that are now in the crosshairs of these big guns. So you have absolute devastation happening in Chhattisgarh and Orissa. Chhattisgarh is like Colombia. The Tatas, who until just a few years ago were trying to be the sort of good-uncle corporation, have now decided to go aggressive and enter the world market big time. So, for example, they signed an MOU, memorandum of understanding, with the Chhattisgarh government for the mining of iron ore. And within days, not by coincidence I'm sure, was the announcement of what's known as the Salva Judum, a people's militia, which purportedly is a spontaneous movement that sprang up to fight the menace of the Maoists. Salva Judum is armed by the government. Something like four hundred villages have been evacuated and moved into police camps. Chhattisgarh is in a situation of sort of civil war, which is exactly what happened in Colombia. And while our eyes are on this supposed civil war, obviously the mining, the minerals, everything can be just taken away.
If you look at what's going on in Orissa, the situation is similar. Orissa has bauxite mountains, which are beautiful and densely forested, with flat tops, like air fields. They are porous mountains, which are actually water tanks that store water for the fields in the plains. And whole mountains have just been taken away by private corporations, and, of course, destroying the forests, displacing the tribals, and devastating the land.
It's really interesting, what's going on in India today. It's hard to know what to say or how to think about it anymore. We are all well versed in Noam Chomsky's thesis of the manufacture of consent, but actually what's going on now here is we're living in the era of the manufacture of dissent, where you have these corporations who are making so much money. For example, the way the bauxite business works is that the corporates just pay the Orissa government a royalty, a small percentage, and they are making billions. And with those billions they can set up an NGO. Somebody says they're going to set up Vedanta University in Orissa. They will mop up all the intellectuals and environmentalists. Alcan has given a million-dollar environmental award to one of the leading environmental activists in India. The Tatas have the Jamsetji Tata Trust and the Dorabji Tata Trust, which they use to fund activists, to stage cultural events and so on, to the point where these people are funding the dissent as well as the devastation. The dissent is on a leash; it's only apparent. It's a manufactured situation in which everyone is playing out this kind of theater. It's completely crazy.
CLEARLY, THE state must be enabling these kinds of situations to occur and to continue.
THIS IS the genius of the Indian state. It's an extremely sophisticated state. It has a lot to teach the Americans about occupation, it has a lot to teach the world about how you manage dissent. You just wear people down, you just wait things out. When they want to mow people down, when they want to kill and imprison, it does that, too. Who doesn't believe that this is a spiritual country where everybody just thinks that if it's not okay in this life it will be okay in the next life? Yet it is one of the most devastatingly cruel societies. Which other culture could dream up the caste system? Even the Taliban can't come up with the way Indian civilization has created Dalits.
EXPLAIN WHO Dalits are.
DALITS ARE the "untouchables" of India.
THEY'RE ON the bottom of the economic, social ladder.
THEY'RE ON the bottom of everything, everything. They are routinely bludgeoned, butchered, killed. I don't know whether it made it to the American press, but, for example, Dalits, because they have been at the bottom of Hindu society, often have converted and become Muslims, become Christians, become Sikhs. But they continue to be treated as untouchables, even in those religions. It's so pervasive.
There was recently a man called Bant Singh, who is a Sikh Dalit. Even in India people would jump at the idea of there being such a thing as a Sikh Dalit. But, actually, 30 percent of Sikhs are Dalits and about 90 percent of them are landless. Because they are landless, obviously they work as labor on other people's farms. Their women are very vulnerable. Upper castes all over India think that they have the right to pick up a Dalit woman and have sex with her or rape her. Bant Singh's young daughter was raped by the upper-caste people in his village. Bant Singh was a member of the CPI (ML), which is the Communist Party of India (Marxist-Leninist), known as Naxalites, and he filed a case in court. They warned him. They said, "If you don't drop the case, we will kill you." He didn't drop the case, so they caught him and they cut off his arms and his legs.
He was in the hospital in Delhi. I went to see him there. It was a lesson to me about how being a political person saved him. He said, "Do you think I don't have arms and legs? I do. Because all my comrades are my arms and legs." He's a singer, so he sang a song about a young girl's father getting her dowry ready for her just before her marriage, her trousseau. And she says to him, "I don't want this sari and these jewels. What will I do with them? Just give me a gun." Unfortunately, more and more, because of, I think, what happened with the Narmada movement and the fact that that nonviolent movement, where people fought for fifteen years and were just flicked aside like chaff, that has resulted in a lot of people saying, "I don't want the bangles, I don't want Gandhi. Just give me a gun."
YOU WERE an active participant in, and observer and reporter on, the NBA, the Narmada Bachao Andolan. It was, of course, trying to fight many of these big dam projects in central India. Well, what happened exactly? Where did it go and where is it today? Is it still active? You once described it, I think, as the greatest nonviolent movement since [India's] independence.
YES, I did. But I think people, including myself, are very disillusioned by what happened. And I personally feel that we really need to do a sort of post-mortem. The state did what's in its nature, and it has won that battle. The Supreme Court judgment that came out in 2001 was a devastating blow. But, in my opinion, that should have been the time when people began to question these institutions such as the Supreme Court. Instead, people have gone on and on and on trying to find some embers of hope there and have not broken the faith. I have broken the faith. I don't look to the court for any kind of real help, which is not to say that every single court judgment that comes out is terrible, but there is a systemic problem with the Supreme Court of India, with its views, with its ideologies. This is a huge subject separate to this question and, to me, one of the most important things that needs to be discussed.
But the Narmada movement now refuses to question itself, and I think that's a problem. Because it was a wonderful and a magnificent effort, but it wasn't faultless. Unless we try and think about what is it that was wrong, we can't really just move on to something else. In fact, as I said, I think people have felt that there is a futility in these kind of hunger fasts and dharnas, sit-ins, and sitting on the pavement singing songs, because I think the government loves that. Now Sonia Gandhi is talking about satyagraha and Gandhi in Davos. We have satyagraha fairs in Connaught Place where they sell herbal shampoos. And when the government starts promoting satyagraha, it's time for us to think about it.
I think it's time to radically question many things, including what this kind of joyful freedom movement of 1947 was about and who did it benefit and was it really a middle-class revolution that, as usual, fired its guns off the shoulders of the poor, which it was. The Indian elites stepped very easily into the shoes of our white sahibs.
TALK ABOUT Narendra Modi and Gujarat. In December of 2007, he and his party were reelected. It was Modi in 2002 who presided over a pogrom resulting in the deaths of some two thousand primarily Muslims in Gujarat. What accounts for his ability to be reelected despite this record of promoting communal violence?
No, it's not despite, it's because. That progrom in which between 1,500 to 2,000 Muslims were massacred on the streets, women were gang-raped, 150,000 Muslims were driven from their homes and today they live in ghetto conditions, economically and socially ostracized in Gujarat, this was all an election campaign. So I think we really need to question, structurally, what is this democracy? It's kind of pointless to just demonize Modi, because there are going to be people like Modi, who understand that there is a very organic link between democracy and majoritarianism and between majoritarianism and fascism. As I keep saying, there is fire in the ducts. This has to be what's going to happen, because what is a politician spawned by this kind of complex society going to do? He's going to try and forge a majority for himself using the lowest common denominator, which will then be a sort of faithful vote bank. That's what Modi did. Modi is a brilliant politician, and he has the corporates eating out of his hand. So that connection—just like we know happened during the Nazi era in Germany—the connection between the fascists and the big corporations, it's no different here. Tata, Reliance, all these people say Gujarat is the dream destination for capital.
The RSS, which is the Rashtriya Swayamsevak Sangh, the cultural guild that spawned the BJP (which is just its political wing) was founded in 1925, and it's been working all these years, sometimes underground, sometimes above ground. It was founded basically on the tenets of Mussolini's Italian fascism—very open about saying that the Muslims of India are like the Jews of Germany. It's the Indian liberals who try and say that it's not fascist, whereas they themselves are very comfortable with the idea of fascism. In fact, there was a ridiculous moment during the Gujarat elections when Sonia Gandhi, campaigning for the Congress, called Modi "maut ka saudagar," which is a merchant of death. And Advani, who is the leader of the BJP, and Modi both came out and said, "We don't mind being called Hitler, that's acceptable, but don't call him a merchant of death." In fact, in the history textbooks and things in Gujarat, Hitler gets quite high marks.
So what we are seeing in Gujarat is a kind of fascism, because I keep saying that having a fascist dictator is one thing, but having a fascist democrat elected to power, fattened on the approbation of millions of people, is a different thing. Because we have now millions of little Modis running around in Gujarat. Recently, just before the elections, Tehelka news magazine did a sting operation. It was shown on a major prime-time channel, where you had people coming out saying very openly how they had raped and then pulped Muslim women, how they had hacked to death people and then Modi had given them refuge or sent them out of Gujarat for a while and protected them.
THIS WAS all well documented?
WELL DOCUMENTED. Tehelka had these guys come out and say it themselves. All the documentation exists in great detail from human rights groups, the People's Union for Democratic Rights, Communalism Combat. But when it was aired on TV, down the line everybody's reaction was, "Oh, what terrible timing. Now Modi is going to win the elections." Because these people are boasting about this kind of massacre. It's going to get him votes. So that's what I meant by saying it's not despite, it's because of.
Having said that, it is important, when you look at the election results in some detail, to see that Modi in many constituencies just won by three hundred, five hundred, a thousand votes. It was close. But the thing is that if you look at how this democracy now has begun to function, I really find it chilling.
For example, during the pogrom there was one episode—I'm just telling you one of many episodes—there was an MLA, a member of the legislative assembly, called Ehsan Jafari, a poet, who lived in Ahmedabad in a housing society called Gulbarga. When the mobs began to gather, something like sixty Muslims from that area went and sheltered with him thinking he's an MLA and he's not going to get killed. A mob of some twenty thousand people gathered and started baying for his blood. This man made two hundred phone calls that day, from Modi, to the home minister Advani, to the police, to Sonia Gandhi, saying, "Please help." The police even came there and went away. Ehsan Jafari was pulled out of his house and in front of everyone, in broad daylight, was hacked into pieces. Something like twelve women were gang-raped and killed and everybody was burned alive. And the policeman who was there was promoted. The man who was organizing this now became the police commissioner of Gujarat. The lawyers who were representing the Muslims were actually lawyers who had been the lawyers for the accused. Some of the survivors knew who the killers were. The police refused to write their names in the FIRs, First Information Reports. Just that it was general mob violence.
The Supreme Court made some very virtuous sounds at that time, five years ago, saying Modi was like Nero: he was fiddling while Gujarat burned. And then they just clammed up. Nothing happened. And then you have these men come out and boast on prime-time TV of having raped and killed and looted, saying things like, "We know that these Muslims are terrified of being burned. They would need to be buried. That's why we decided to burn them." And nothing happened.
So everything just goes on, every single institution has been penetrated by these people and functions, as long as you are open for investments, as long as all the Tatas and Reliance and all the rich people are happy. We're looking at something that no dictator could do. This level of penetration of all these various institutions drives you completely crazy. You sit there and you just don't know what to think. And even the political parties like, say, the Communist Party of India, that opposes Modi, then goes and does a Nandigram.
You're really left to be a mad person in the wilderness. People are so disillusioned with the system. They are doing their own fighting. They are taking to arms, they have their own systems of justice, their own understanding of what's right and what's wrong and are turning their backs on this country with the greatest publicity in the world.
YOU JUST mentioned Nandigram, which is a small village in West Bengal, a state that is ruled by the Communist Party (Marxist). In 2007 there were killings there. You went to Nandigram. Can you explain what happened and what is going on?
Nandigram is not a small village. Nandigram is a district that consists of many, many villages. The Communist Party of India (Marxist) [CP(M)], which is the main parliamentary Left, which is in coalition with the center right now, has been in power in West Bengal for thirty years unchallenged. I grew up in Kerala, which also has had a communist government, but it's all the time in and out of power. When I went to Bengal, I realized the first thing you do is to question how in this tumultuous place can a party remain in power for thirty years unchallenged. There is something terribly wrong there. It's difficult to explain. I'll try and explain it simply, because obviously it has led to a lot of confusion in the world. This particular Communist Party (Marxist) has been sort of not calling itself that but has been at the level of organizing, say, the World Social Forum in India, saying "Another World Is Possible" and trying to align itself with all the various people's movements that have existed in India for many years. The Communist Party (Marxist), except in Bengal and to some extent in Kerala, does not have any cadres anywhere else in India, so it was consciously trying to sort of associate itself with all these various people's movements, which was why it was so big into the World Social Forum.
IT WAS held in Mumbai in 2005.
BUT EVEN the ones that were held in Porto Alegre, very many people who were associated with the CP(M) were involved. And then a year and a half or two years ago, the Indian government announced this. And, of course, the CP(M) has always had as its war cry anti-U.S., anti-imperialism, and all that, and anti this whole neoliberal project.
But then the government announced this whole policy of SEZs, which are Special Economic Zones, an acronym that has spawned many sarcastic forms, such as Slavery Enabled Zones. These SEZs are huge economic enclaves, I don't know the exact figure but there are hundreds. India used to be a feudal society, with huge feudal zamindars.
BIG LANDOWNERS.
AND THEN there was a failed process of land reform in states like—actually, the state where the most successful land reforms happened, oddly enough, was Kashmir, and Kashmiris are still enjoying the benefits of that. But in places like Bengal and elsewhere there were some land reforms. And now this whole business of SEZs is almost reversing that whole process and taking away land and giving it to big corporations, like Reliance and Tata.

What the Communist Party (Marxist) has been doing is vociferously opposing SEZs, and then suddenly in West Bengal turning around to create one of the biggest SEZs, which is to be this chemical hub in the district of Nandigram. An Indonesian corporation called the Salim Group was its sort of front, and it was going to make this chemical hub. Nandigram is right near Haldia port.
Trouble started in West Bengal first with the Tatas in a place called Singur, where the government gave the Tatas something close to 1,000 hectares of land to make small cars. You can imagine the communist government wanting to make small cars, the people's car. You know who else made the people's car. So there was firing. People were killed in Singur. There was a huge resistance.
But then it announced this chemical hub in Nandigram, and notices went out for land acquisition. This was something like 18,000 hectares. Thousands and thousands of people were going to be affected. And Nandigram just rose up in revolt. It was interesting, because Nandigram used to be a CP(M) stronghold. I think it was a case of a party being so unused to any kind of opposition that it just misread the situation and thought it could do exactly what it wanted. It resulted basically in the party having what the people in Nandigram call the cadre police, which is party people dressed in police uniforms going in and committing acts of violence and even murder.
The first uprising was in March. It's a whole mess of all kinds of politics, but basically it was a fantastic resistance. They dug up the roads, they refused the police entry, and they said, "You can't come in and you can't have our land."

Firstly, how can you talk about holding democratic, free, and fair elections in a place where a person isn't even allowed to breathe without an AK-47 being stuck up his nostril? So what is it that so frightens the Indian government that they do not wish to assess what the people really want? In a way, it's been complicated by the instrument of accession, genuine or not. Supposing it was genuine. Supposing it was.
THE TRANSFER from the princely state of Jammu and Kashmir to the Indian union in 1947.
RIGHT. I'M just saying that what is it that the people want now?
If we are going to be talking about democracy as being the foundation, the keystone of democracy being the will of the people, everybody seems to feel that they can speak on behalf of the will of the people, but nobody wants to ascertain what is the will of the people. Though, of course, I think that we're not going to have an idealistic solution to the problem of Kashmir. India is never going to give up anything. Right now it's stronger than it ever was. So how that fight, how that battle is joined still remains to be seen. But it's clear that after having almost lost a whole generation of young people, the Kashmiris are nowhere close to saying "We give up." Of course, there is an elite that's been co-opted that's being made to feel like its stakes in peace are huge. But I think India is as far away from a solution to Kashmir as America is from a solution to Iraq or Afghanistan.
THE J&K Coalition of Civil Society has published numerous reports about human rights violations, disappear?ances, torture, molestation and rapes of women, and extrajudicial execu?tions. What kind of attention has this attracted in civil society in the rest of India?
ALMOST NONE.
Because?
BECAUSE THIS whole rhetoric of Muslim terrorism and so on is very deep. So you will see trucks going past that on the back say "Doodh mango to kheer deingay, Kashmir mango to cheer deingay." It means, Ask for milk and we'll give you cream. Ask for Kashmir and we'll disembowel you. Every part of the state machinery, including the press, is fully into the propaganda.
At least Kashmiris have the hope, even if it's never realized, of freedom inside them. At least they have the dignity that they are doing battle. What do you do for the people in Chhattisgarh or the Muslims in Gujarat? Where are they going to go? Kashmir is in some ways an old-world, classical battle for freedom, like Algeria.
I experienced one of the most beautiful moments of my life recently in Kerala. I heard that four thousand Dalit and Adivasi families captured a corporate rubber estate, about two hours away from where my mother lives. So I went there. It was amazing to me to watch the place that I had grown up in, to see a kind of nation rise up before me of people who are just disappeared by our society. It was just an amazing sight. It was the opposite of Nandigram, where the corporates are grabbing people's land. Here the people are grabbing corporate land. Each of them has a little blue plastic sheet that they've made into a hut under a rubber tree. They've been there for something like three hundred days. There are twenty thousand people, women and children, and each of them says that they have a 5-liter can of petrol in their house, and "If the police come, we are just going to immolate ourselves, because we have nowhere else to go."
When I heard them speak and I saw that civilizational rage in them, it makes things very simple. They just said, "Look, this corporation has thirty-three estates. It has some 55,000 to 60,000 hectares of land. I have nowhere to sleep. I'm taking it." And I suddenly thought, someone like myself—I write, I've got all these figures and footnotes and statistics—am I turning into a clerk? Is this the way I want to fight? Because eventually who is one trying to convince? These people who read these things are never going to give up what they have. They have to be forced to.
That is the battle that's coming here in India. The government is spawning these private militias. In Chhattisgarh you have the Salva Julum. In Gujarat you have the Bajrang Dal. In West Bengal you have the CP(M) cadre police. In Orissa the corporates have their own thugs. That's what's going on. And never mind that they are not even talking about what's happening in the northeast of India, an ongoing situation since 1947, which is worse than Kashmir.
Frederick Douglass once said, "Power concedes nothing without a demand. It never has, it never will."
For myself, I think it's very important for us to also continue to question ourselves and what we do and our role in it. Today in India it's very easy for everybody to keep saying the Maoists are terrible, the government is also terrible, all violence is bad, one is the other side of the coin, these platitudes that are being mouthed. But today, unless I'm prepared to take up arms, I'm not in a position to tell others to take up arms. But unless I'm in a position where I'm at the other end of this battering ram, I'm also not going to sit around saying, "Let's go on a hunger strike" and "Let's go and sing songs outside the Ministry of Water Resources." I'm through with all that.
AT THE World Tribunal on Iraq in Istanbul in June of 2005, you made some comments about resistance and the right of resistance that raised a few eyebrows. Have your views on that evolved since then?
MY VIEWS on that have not changed since then. May be they've evolved. I think that it's very important for us to understand that every day people are being decimated now. I was one of the people who said that the globalization of dissent was the way to fight the globalization of corporate capital. But that was the era of the World Social Forum. But I think things have changed since then, because the World Social Forum has been taken over. So what has happened is a kind of corporatization of dissent. And the globalization of dissent then ends up creating hierarchies, where you pick and choose your genocide or you pick and choose the worst thing that's happening. Is what's happening in Nandigram worse than what happened in the Congo? Of course it's not. Everything gets slotted in and people locally get disempowered.
Everyone is looking for star recommendations from the superstars of resistance. Even someone like me. I'm always being asked to say something about things I don't know enough about. I feel that it's very important not to disempower people who are fighting and not to tell them how to fight. For example, in India it's come to a stage where the only thing that people can do is to really do what the people in Nandigram did, dig the roads up and say "You can't come in," because the minute they go in, the minute they start taking over, they co-opt, they pick off the leaders, they buy off someone, it's over. There is a certain amount of brutality now that even resistance has to have, because the co-optation is amazing, the NGO-ization is amazing.
I'll tell you a very interesting story. A lot of the royalties from my work I put into a trust. A few of us, friends, activists, run it. The only money that comes into it is the money from my writing and so on, because it's not about trying to raise money, it's just trying to give it out in solidarity to people who don't know how to write proposals and work the system. It's called Zindabad. Long live. We got a letter recently from the Tata Institute of Social Sciences, which is an institute that sometimes is like the post office to disburse funds given to various activists and movements by the Tata trusts. So on one hand you have Tatas, the capitalists, and on the other hand you have these trusts, as I told you, who are funding all these activists and so on. The letter says, "Dear Zindabad Trust, The tribals of Madhya Pradesh are grateful to the Tatas for having supported their struggles for rights and livelihood." And now, in order to expand their base, they want to have a seminar in the India International Centre to which judges and bureaucrats and activists and Adivasis will be invited.
And there is a budget where, obviously, the bureaucrats' and judges' travel allowances are huge and the Adivasis' and activists' is very small. And there is a list of the activists and Adivasis, all of whom are funded by the Tatas. They are asking us to fund that seminar. It's like a frog open on a dissecting table. You see how the world works. And I said, Let's write to them and say basically we can't afford to fund the seminar, but why not call the survivors of the people that were shot in Kalingnagar and Singur for Tata projects to put their views across and disseminate them.
IN THE last couple of years, India has had an expanding military relationship with the United States and Israel. What are the implications of that?
AFTER BEING part of the nonaligned movement, India is now part of the completely aligned movement. The government of India never tires of saying, Israel and the U.S. are its natural allies. So the nuclear deal, joint military exercises, the Indo-U.S. knowledge exchange, all these are ways of tying itself intricately to America by governments that have no idea of what has been the history of America's non-white allies. I just find it insane that they don't just do a quick Google search on the various despotic regimes that have been supported and then deserted by the United States.
But the thing is, in India we know that, for example, before the coup in Chile the Americans actually had a whole posse of young Chilean students taken to the Chicago school under Milton Friedman and taught free-market economics. In India, they don't have to do it. We are willing to do it. The Indian elite are just wagging their tails and lining up. Because, as I keep saying, the most successful secessionist movement in India has been the secession of the elite into this kind of global community. Almost every bureaucrat, every politician, every senior member of the judicial, of industry, of the business class, of the academic, everybody would have a very, very close relative, as in a son or a daughter or a brother, in America. So we are organically tied and linked.
Manmohan Singh, the Indian prime minister, has never won an election in his life, has no imagination outside that of the IMF and the World Bank. He doesn't sound to me like he's ever read a primary textbook on history. He's probably the only prime minister in the history of the world of a former colony that goes to Cambridge and in his speech thanks colonialism for democracy and thanks the British for every institution of state repression that India has today—the colonial police, the bureaucracy, everything. So it is a country that's run on the lines of a colonial state, equally extractive, except that the colonizers are the upper caste.
This is something Frantz Fanon wrote about in The Wretched of the Earth, that the old colonial masters would be replaced by their native equivalents.
ABSOLUTELY. IT'S just like a comic book over here.
WHAT IS the nuclear deal that you referred to that would tie India to the United States? And you didn't mention Israel in terms of its growing relationship with India as well.
We know that Israel is the largest beneficiary of American aid, and it's like the American outpost in the Middle East, so I don't think that you need to see the two, Israel and America, as conceptually separate. I think it's a package. And it also helps to understand it because of the huge anti-Muslim feeling in the majority in India, the huge communal animosity toward the Muslims and terrorism, which just dovetails into all of that beautifully.
The nuclear deal, just to put it simply, ties India's civil nuclear program entirely to America. Nuclear energy being the answer to India's energy problems is not something that's ever been studied in any kind of detail. Right now it's almost as good as nothing, civilian nuclear energy's contribution to the power grid. So what we're talking about is a situation in which India invests hugely into civilian nuclear reactors and then is held to ransom. Even if the nuclear deal only purports to deal with the supply of fissile material and so on, actually what it does is puts India itself in a position where it's entirely held to ransom on anything. If you don't sign this, we will renege on that. How absurd to put yourself in such a position.
Unfortunately, all the criticism of it has been very unprincipled, even within India, even, say, the Communist Party, which once opposed nuclear weapons. Now its criticism is to say that we are a nuclear state and we mustn't surrender our sovereignty. It's almost standing on its head.
I REMEMBER your saying it is dangerous to be a tall poppy. One such tall poppy was Hrant Dink, an Armenian Turkish journalist who was murdered by a Turkish nationalist in the streets of Istanbul in January of 2007. You've been asked to speak on the occasion of his death anniversary [Speech published in ISR 58, March–April 2008]. I know you're bombarded with requests from all over the world. What factors go into your making a decision? Why go to Istanbul?
FIRST, A bulk of the bombardment of interviews has recently had to do in some slimy way or another with the promotion of India, and just on principle I am not prepared to do that. We are re-creating India in such-and-such a town and such-and-such a place. And it's all to do with corporate capital and it's all to do with this cuddly toy, teddy bear we have, this wonderful, colorful, bumbling nation where we have cricket and Bollywood, and even the queen of dissent, Arundhati Roy. We actually are really a happy family sort of thing.
But about why I agreed to go to Istanbul. Partly because I think, once again, I am partial to going to places that are not just Europe and America, because that, too, can become a supermarket show—that we have everything, and everyone comes to us. Secondly, I think Turkey is fascinating, because it's so similar to India in terms of its aggressive secular elite, its religious fundamentalism, its ugly nationalism. I think it's far less subtle in some ways in its present-day self. It needs to take some lessons from the Brahmins. But it doesn't have this sort of hippy paradise bit.
It fascinates me. How do you survive as a writer in a society like this? Recently in India, when this whole Nandigram issue erupted, one of the clever things that the CP(M) thought it did was to conjure up a protest against Taslima Nasrin, whose book Dwikhondito had been published four years ago and was on bestseller lists, and no one had anything to say about it.
THE BANGLADESHI novelist?
SHE WAS sort of thrown out of Bangladesh and moved to Calcutta. The first people to ask for a ban were the CP(M). Then the high court lifted the ban. The book was published. Nothing happened. And then just at the time when massive protests erupted against the CP(M) for the first time in thirty years—because of Nandigram, where the bulk of the peasants to be displaced were Muslims, suddenly everything was sought to be distracted by suddenly saying "Taslima Nasrin insults Islam" and "Get her out of here." It was just a piece of currency put into the democratic negotiations that were going on.
So how do you function in societies like Turkey and India as a writer? How do you continue to say the things you say? How do you try your best not to get killed? How do you understand that the countries that speak loudest and longest and have the most complex legislation about free speech, such as America, don't have any real free speech but have managed to hypnotize people into thinking that they do. All these things interest me.
Obviously, the denial of the Armenian genocide is so blatant. Why do they deny it? Is it an admission that it's such a horrendous thing to do that you need to deny it? Is it the best form of acceptance, denial? That you can't bear to think that there was such a thing in your past? It's interesting.
MAYBE IT has some analogy with the Indian government's stand vis-à-vis Kashmir.
I don't think it has an analogy, because the government is quite proud of what it does in Kashmir. I don't think we've come to the stage where the government feels bad about it.
I MEANT in terms of denying history and denying self-determination and those kinds of issues.
The government is not denying its cruelties in Kashmir. The press doesn't report much and doesn't know much, but there's pretty proud parading of how we are dealing with the terrorists, even amongst people in India. For example, I was talking about Gujarat. There is a proud owning up to that killing. There is a proud thing about "This is what these Muslims deserve." So it's quite interesting, the psyche of these things. Which is what I was saying. When you deny something, inherently that denial is the acceptance that it's a terrible thing, which is why you're denying it. But in Gujarat it's not thought of as a terrible thing right now. It's thought of as a great thing.
YOU CONTINUE writing your political essays. What about fiction? Have you gotten back to it?
I'm trying to. As I said, I don't really want to continue to do the same thing all the time. And I feel a bit of a prisoner in the footnotes department right now. One is constantly being co-opted. I could be forever on mainstream TV in India debating people and putting across my point of view, but eventually you're just adding to the noise. That is part of the racket here right now, this wonderful, messy, noisy, argumentative, cutesy stuff that's going on. I'm not denying the fact that we need very incisive collections of things, but personally, as a writer, I feel that much of my writing was for myself to understand how it works. And now, if I were to write, it would be a reiteration of my understanding. I want to do something that does something with that understanding rather than just collates it. So fiction I think is that place. I want to surprise myself. I want to see what comes out without knowing in advance.
WHAT WAS that comment you made about fiction and truth?
THAT FICTION is the truest thing there ever was.
I'll just tell you what happened when I was there. The government kept saying the people barricaded Nandigram and, "They're not allowing us in to do development work, they're not allowing the police in, we can't give polio drops." They kept saying this thing about polio drops. There is not a single health center in all those villages. The nearest hospital is in Nandigram town, which is very, very far for people to go. All these years, no electricity, none of that. And suddenly you're talking about polio drops. Really what it is about is regaining complete control.
The second time I went, which was just last week, the people I had met the first time sent messages saying, "Please don't come to us, please don't recognize us, because we'll just be eliminated." They just dare, and anyone who pops their head up, it's off with their heads. So, in fact, just a few days ago, the last thing I did when I came out of Nandigram was I was present at the exhumation of a body in a field that had its legs smashed and two bullets in its back, and his wife had identified the body. The neighbor said to me that this man was a member of the Bhoomi Ucched Pratrirodh Committee, which is the resistance organization, and had been told several times that he must join the CP(M), otherwise he would be killed. And when he didn't, he was made an example of.
I really salute the resistance there. I think it is so important for everyone else in India that they force the government to say they will not build the hub, even though nobody believes it. But even if it's a temporary victory, it's a great thing. It's so important for the CP(M) government to keep saying, "Oh, it was the Maoists. It wasn't the local people, it was outsiders." And this whole bullshit about outsiders. How dare a communist party come and say outsiders. What do they mean by outsiders? Beyond the district or outside Bengal? If they believe in that kind of rhetoric, what gives them the right to comment about Gujarat or fascism or the BJP or anything?
KASHMIR IS an area of conflict, but it's largely unreported, particularly in the United States. The framework of the little information that is available is usually that these are Islamic extremists, terrorists. Now, since September 11, they're labeled as Taliban and al-Qaeda. You have been going to Kashmir. What have you learned?
KASHMIR is one of those places where every time I hear people say, "Oh, it's more complicated than that," I get a rash, because all you need to do is to get out of the airport to see that here is a small valley where there are—I keep saying that to fight a full-blown war in Iraq, the Americans have 135,000 troops, and in Kashmir it's something like 700,000 security personnel of different kinds: the army, the police, the paramilitary, the counterinsurgency, all the various kinds of people that are operating there. Certainly the situation has been made complicated with spies and double agents and informers and money being poured in by intelligence agencies from India and Pakistan.
But the bottom line is that it is the people's will that the Indian government is seeking to subvert. Why is it so frightened of a referendum?



Firstly, how can you talk about holding democratic, free, and fair elections in a place where a person isn't even allowed to breathe without an AK-47 being stuck up his nostril? So what is it that so frightens the Indian government that they do not wish to assess what the people really want? In a way, it's been complicated by the instrument of accession, genuine or not. Supposing it was genuine. Supposing it was.
THE TRANSFER from the princely state of Jammu and Kashmir to the Indian union in 1947.
RIGHT. I'M just saying that what is it that the people want now?
If we are going to be talking about democracy as being the foundation, the keystone of democracy being the will of the people, everybody seems to feel that they can speak on behalf of the will of the people, but nobody wants to ascertain what is the will of the people. Though, of course, I think that we're not going to have an idealistic solution to the problem of Kashmir. India is never going to give up anything. Right now it's stronger than it ever was. So how that fight, how that battle is joined still remains to be seen. But it's clear that after having almost lost a whole generation of young people, the Kashmiris are nowhere close to saying "We give up." Of course, there is an elite that's been co-opted that's being made to feel like its stakes in peace are huge. But I think India is as far away from a solution to Kashmir as America is from a solution to Iraq or Afghanistan.
THE J&K Coalition of Civil Society has published numerous reports about human rights violations, disappear?ances, torture, molestation and rapes of women, and extrajudicial execu?tions. What kind of attention has this attracted in civil society in the rest of India?
ALMOST NONE.
Because?
BECAUSE THIS whole rhetoric of Muslim terrorism and so on is very deep. So you will see trucks going past that on the back say "Doodh mango to kheer deingay, Kashmir mango to cheer deingay." It means, Ask for milk and we'll give you cream. Ask for Kashmir and we'll disembowel you. Every part of the state machinery, including the press, is fully into the propaganda.
At least Kashmiris have the hope, even if it's never realized, of freedom inside them. At least they have the dignity that they are doing battle. What do you do for the people in Chhattisgarh or the Muslims in Gujarat? Where are they going to go? Kashmir is in some ways an old-world, classical battle for freedom, like Algeria.
I experienced one of the most beautiful moments of my life recently in Kerala. I heard that four thousand Dalit and Adivasi families captured a corporate rubber estate, about two hours away from where my mother lives. So I went there. It was amazing to me to watch the place that I had grown up in, to see a kind of nation rise up before me of people who are just disappeared by our society. It was just an amazing sight. It was the opposite of Nandigram, where the corporates are grabbing people's land. Here the people are grabbing corporate land. Each of them has a little blue plastic sheet that they've made into a hut under a rubber tree. They've been there for something like three hundred days. There are twenty thousand people, women and children, and each of them says that they have a 5-liter can of petrol in their house, and "If the police come, we are just going to immolate ourselves, because we have nowhere else to go."
When I heard them speak and I saw that civilizational rage in them, it makes things very simple. They just said, "Look, this corporation has thirty-three estates. It has some 55,000 to 60,000 hectares of land. I have nowhere to sleep. I'm taking it." And I suddenly thought, someone like myself—I write, I've got all these figures and footnotes and statistics—am I turning into a clerk? Is this the way I want to fight? Because eventually who is one trying to convince? These people who read these things are never going to give up what they have. They have to be forced to.
That is the battle that's coming here in India. The government is spawning these private militias. In Chhattisgarh you have the Salva Julum. In Gujarat you have the Bajrang Dal. In West Bengal you have the CP(M) cadre police. In Orissa the corporates have their own thugs. That's what's going on. And never mind that they are not even talking about what's happening in the northeast of India, an ongoing situation since 1947, which is worse than Kashmir.
Frederick Douglass once said, "Power concedes nothing without a demand. It never has, it never will."
For myself, I think it's very important for us to also continue to question ourselves and what we do and our role in it. Today in India it's very easy for everybody to keep saying the Maoists are terrible, the government is also terrible, all violence is bad, one is the other side of the coin, these platitudes that are being mouthed. But today, unless I'm prepared to take up arms, I'm not in a position to tell others to take up arms. But unless I'm in a position where I'm at the other end of this battering ram, I'm also not going to sit around saying, "Let's go on a hunger strike" and "Let's go and sing songs outside the Ministry of Water Resources." I'm through with all that.
AT THE World Tribunal on Iraq in Istanbul in June of 2005, you made some comments about resistance and the right of resistance that raised a few eyebrows. Have your views on that evolved since then?
MY VIEWS on that have not changed since then. May be they've evolved. I think that it's very important for us to understand that every day people are being decimated now. I was one of the people who said that the globalization of dissent was the way to fight the globalization of corporate capital. But that was the era of the World Social Forum. But I think things have changed since then, because the World Social Forum has been taken over. So what has happened is a kind of corporatization of dissent. And the globalization of dissent then ends up creating hierarchies, where you pick and choose your genocide or you pick and choose the worst thing that's happening. Is what's happening in Nandigram worse than what happened in the Congo? Of course it's not. Everything gets slotted in and people locally get disempowered.
Everyone is looking for star recommendations from the superstars of resistance. Even someone like me. I'm always being asked to say something about things I don't know enough about. I feel that it's very important not to disempower people who are fighting and not to tell them how to fight. For example, in India it's come to a stage where the only thing that people can do is to really do what the people in Nandigram did, dig the roads up and say "You can't come in," because the minute they go in, the minute they start taking over, they co-opt, they pick off the leaders, they buy off someone, it's over. There is a certain amount of brutality now that even resistance has to have, because the co-optation is amazing, the NGO-ization is amazing.
I'll tell you a very interesting story. A lot of the royalties from my work I put into a trust. A few of us, friends, activists, run it. The only money that comes into it is the money from my writing and so on, because it's not about trying to raise money, it's just trying to give it out in solidarity to people who don't know how to write proposals and work the system. It's called Zindabad. Long live. We got a letter recently from the Tata Institute of Social Sciences, which is an institute that sometimes is like the post office to disburse funds given to various activists and movements by the Tata trusts. So on one hand you have Tatas, the capitalists, and on the other hand you have these trusts, as I told you, who are funding all these activists and so on. The letter says, "Dear Zindabad Trust, The tribals of Madhya Pradesh are grateful to the Tatas for having supported their struggles for rights and livelihood." And now, in order to expand their base, they want to have a seminar in the India International Centre to which judges and bureaucrats and activists and Adivasis will be invited.
And there is a budget where, obviously, the bureaucrats' and judges' travel allowances are huge and the Adivasis' and activists' is very small. And there is a list of the activists and Adivasis, all of whom are funded by the Tatas. They are asking us to fund that seminar. It's like a frog open on a dissecting table. You see how the world works. And I said, Let's write to them and say basically we can't afford to fund the seminar, but why not call the survivors of the people that were shot in Kalingnagar and Singur for Tata projects to put their views across and disseminate them.
IN THE last couple of years, India has had an expanding military relationship with the United States and Israel. What are the implications of that?
AFTER BEING part of the nonaligned movement, India is now part of the completely aligned movement. The government of India never tires of saying, Israel and the U.S. are its natural allies. So the nuclear deal, joint military exercises, the Indo-U.S. knowledge exchange, all these are ways of tying itself intricately to America by governments that have no idea of what has been the history of America's non-white allies. I just find it insane that they don't just do a quick Google search on the various despotic regimes that have been supported and then deserted by the United States.
But the thing is, in India we know that, for example, before the coup in Chile the Americans actually had a whole posse of young Chilean students taken to the Chicago school under Milton Friedman and taught free-market economics. In India, they don't have to do it. We are willing to do it. The Indian elite are just wagging their tails and lining up. Because, as I keep saying, the most successful secessionist movement in India has been the secession of the elite into this kind of global community. Almost every bureaucrat, every politician, every senior member of the judicial, of industry, of the business class, of the academic, everybody would have a very, very close relative, as in a son or a daughter or a brother, in America. So we are organically tied and linked.
Manmohan Singh, the Indian prime minister, has never won an election in his life, has no imagination outside that of the IMF and the World Bank. He doesn't sound to me like he's ever read a primary textbook on history. He's probably the only prime minister in the history of the world of a former colony that goes to Cambridge and in his speech thanks colonialism for democracy and thanks the British for every institution of state repression that India has today—the colonial police, the bureaucracy, everything. So it is a country that's run on the lines of a colonial state, equally extractive, except that the colonizers are the upper caste.
This is something Frantz Fanon wrote about in The Wretched of the Earth, that the old colonial masters would be replaced by their native equivalents.
ABSOLUTELY. IT'S just like a comic book over here.
WHAT IS the nuclear deal that you referred to that would tie India to the United States? And you didn't mention Israel in terms of its growing relationship with India as well.
We know that Israel is the largest beneficiary of American aid, and it's like the American outpost in the Middle East, so I don't think that you need to see the two, Israel and America, as conceptually separate. I think it's a package. And it also helps to understand it because of the huge anti-Muslim feeling in the majority in India, the huge communal animosity toward the Muslims and terrorism, which just dovetails into all of that beautifully.
The nuclear deal, just to put it simply, ties India's civil nuclear program entirely to America. Nuclear energy being the answer to India's energy problems is not something that's ever been studied in any kind of detail. Right now it's almost as good as nothing, civilian nuclear energy's contribution to the power grid. So what we're talking about is a situation in which India invests hugely into civilian nuclear reactors and then is held to ransom. Even if the nuclear deal only purports to deal with the supply of fissile material and so on, actually what it does is puts India itself in a position where it's entirely held to ransom on anything. If you don't sign this, we will renege on that. How absurd to put yourself in such a position.
Unfortunately, all the criticism of it has been very unprincipled, even within India, even, say, the Communist Party, which once opposed nuclear weapons. Now its criticism is to say that we are a nuclear state and we mustn't surrender our sovereignty. It's almost standing on its head.
I REMEMBER your saying it is dangerous to be a tall poppy. One such tall poppy was Hrant Dink, an Armenian Turkish journalist who was murdered by a Turkish nationalist in the streets of Istanbul in January of 2007. You've been asked to speak on the occasion of his death anniversary [Speech published in ISR 58, March–April 2008]. I know you're bombarded with requests from all over the world. What factors go into your making a decision? Why go to Istanbul?
FIRST, A bulk of the bombardment of interviews has recently had to do in some slimy way or another with the promotion of India, and just on principle I am not prepared to do that. We are re-creating India in such-and-such a town and such-and-such a place. And it's all to do with corporate capital and it's all to do with this cuddly toy, teddy bear we have, this wonderful, colorful, bumbling nation where we have cricket and Bollywood, and even the queen of dissent, Arundhati Roy. We actually are really a happy family sort of thing.
But about why I agreed to go to Istanbul. Partly because I think, once again, I am partial to going to places that are not just Europe and America, because that, too, can become a supermarket show—that we have everything, and everyone comes to us. Secondly, I think Turkey is fascinating, because it's so similar to India in terms of its aggressive secular elite, its religious fundamentalism, its ugly nationalism. I think it's far less subtle in some ways in its present-day self. It needs to take some lessons from the Brahmins. But it doesn't have this sort of hippy paradise bit.
It fascinates me. How do you survive as a writer in a society like this? Recently in India, when this whole Nandigram issue erupted, one of the clever things that the CP(M) thought it did was to conjure up a protest against Taslima Nasrin, whose book Dwikhondito had been published four years ago and was on bestseller lists, and no one had anything to say about it.
THE BANGLADESHI novelist?
SHE WAS sort of thrown out of Bangladesh and moved to Calcutta. The first people to ask for a ban were the CP(M). Then the high court lifted the ban. The book was published. Nothing happened. And then just at the time when massive protests erupted against the CP(M) for the first time in thirty years—because of Nandigram, where the bulk of the peasants to be displaced were Muslims, suddenly everything was sought to be distracted by suddenly saying "Taslima Nasrin insults Islam" and "Get her out of here." It was just a piece of currency put into the democratic negotiations that were going on.
So how do you function in societies like Turkey and India as a writer? How do you continue to say the things you say? How do you try your best not to get killed? How do you understand that the countries that speak loudest and longest and have the most complex legislation about free speech, such as America, don't have any real free speech but have managed to hypnotize people into thinking that they do. All these things interest me.
Obviously, the denial of the Armenian genocide is so blatant. Why do they deny it? Is it an admission that it's such a horrendous thing to do that you need to deny it? Is it the best form of acceptance, denial? That you can't bear to think that there was such a thing in your past? It's interesting.
MAYBE IT has some analogy with the Indian government's stand vis-à-vis Kashmir.
I don't think it has an analogy, because the government is quite proud of what it does in Kashmir. I don't think we've come to the stage where the government feels bad about it.
I MEANT in terms of denying history and denying self-determination and those kinds of issues.
The government is not denying its cruelties in Kashmir. The press doesn't report much and doesn't know much, but there's pretty proud parading of how we are dealing with the terrorists, even amongst people in India. For example, I was talking about Gujarat. There is a proud owning up to that killing. There is a proud thing about "This is what these Muslims deserve." So it's quite interesting, the psyche of these things. Which is what I was saying. When you deny something, inherently that denial is the acceptance that it's a terrible thing, which is why you're denying it. But in Gujarat it's not thought of as a terrible thing right now. It's thought of as a great thing.
YOU CONTINUE writing your political essays. What about fiction? Have you gotten back to it?
I'm trying to. As I said, I don't really want to continue to do the same thing all the time. And I feel a bit of a prisoner in the footnotes department right now. One is constantly being co-opted. I could be forever on mainstream TV in India debating people and putting across my point of view, but eventually you're just adding to the noise. That is part of the racket here right now, this wonderful, messy, noisy, argumentative, cutesy stuff that's going on. I'm not denying the fact that we need very incisive collections of things, but personally, as a writer, I feel that much of my writing was for myself to understand how it works. And now, if I were to write, it would be a reiteration of my understanding. I want to do something that does something with that understanding rather than just collates it. So fiction I think is that place. I want to surprise myself. I want to see what comes out without knowing in advance.
WHAT WAS that comment you made about fiction and truth?
THAT FICTION is the truest thing there ever was.

Former Governor Jessee Ventura
"The CIA infiltrated state government"

Tuesday we reported that individual Congressmen were intimidated into voting "Yes" on the $700 billion Wall Street rip off.
(There are a lot of *other* things in that bill that are much worse than the money being stolen...more on that later.)

Yesterday, Wednesday, we heard from a man whose career was based on arranging for massive loans
to governments and institutions that couldn't possibly pay them back in order to gain control over them.
He described his role as government-sponsored and corporate-employed economic "hitman."
Today we hear from the former governor of Minnesota about how the CIA has its own permanent office in the governor's office.

http://www.brasschecktv.com/page/429.html

The CIA and the other alpabet intelligence agencies exist and we spend a lot of tax payer money on them. But what exactly are they for?
The law says they are to provide intelligence about foreign countries. The reality is different.
Here's what the CIA et. al. have actually done over the years:

1. Helped Nazi scientists and political operatives find safe haven and government employment in the
United States after World War II (Operation Paper Clip)

2. Subverted - often violently - the governments of countries with large oil holdings (Ira, Iraq) or
alternative economic policies (Chile, Guatemala) and give support to the new dictators they put in power.

Ex-SEAL and former Minnesota Governor Jesse Ventura reveals a third role the CIA plays in American life:
surveilling and attempting to intimidate independent political figures in the US.
Details: http://www.brasschecktv.com/page/429.html

Brasscheck TV
2380 California St.
San Francisco, CA 94115



Breaking News and Commentary from Citizens For Legitimate Government
09 Oct 2008
http://www.legitgov.org/
All items are here:
http://www.legitgov.org/#breaking_news
States' Actions to Block Voters Appear Illegal --Coup 2008 underway: Tens of thousands of eligible voters in Colo., Ind., Ohio, Mich., Nev. and N.C. illegally removed from rolls, blocked from registering 09 Oct 2008 Tens of thousands of eligible voters in at least six swing states have been removed from the rolls or have been blocked from registering in ways that appear to violate federal law, according to a review of state records and Social Security data by The New York Times. Still, because Democrats have been more aggressive at registering new voters this year, according to state election officials, any heightened screening of new applications may affect their party’s supporters disproportionately. The screening or trimming of voter registration lists in the six states, Colorado, Indiana, Ohio, Michigan, Nevada and North Carolina, could also result in problems at the polls on Election Day.
Afghanistan 'in dire peril' 10 Oct 2008 American intelligence agencies have warned that Afghanistan is in a "downward spiral", casting fresh doubts on the viability of the US-led military intervention and the prospects of curbing a resurgent Taliban. A draft classified report says central authority in Afghanistan is breaking down, with rampant corruption inside the Government of President Hamid Karzai and escalating violence from militants.
US military admits killing 33 civilians in Afghanistan air strike 09 Oct 2008 The US military has admitted killing 33 civilians in an air strike on a village in Afghanistan in August, far more than it has previously acknowledged. Until now the US has estimated that that no more than seven civilians died in the August 22 attack on Azizabad, in Heart province. It launched an inquiry after it emerged that film recorded on mobile phones showed rows of bodies of children and babies in a makeshift morgue. The inquiry found that of the 33 dead civilians, eight were men, three were women and 12 children. The 10 others were undetermined. [They lying sacks of sh*t at the Pentagon tried to cover up another Bush war crime -- knowing that their media lapdogs don't cover US war crimes -- but 'mobile phones showed rows of bodies of children and babies.' --LRP]
Iraq must rid itself of US troops, Iran says 10 Oct 2008 Iran is trying to derail an agreement that would allow US and British troops to stay in Iraq after their mandate expires at the end of this year. In a move that has raised concern among senior Iraqi and US officials, Tehran is using its influence over its smaller neighbour to scupper a Status of Forces Agreement, which must be reached by January 1. After the deadline US and British troops would have no legal basis to remain and, in theory, would have to leave. [LOL! Ergo, the table is set for the McBush campaign to assert that anyone who wants US mercenaries and corpora-terrorists out of Iraq -- say, for example, Barack Obama -- is on the 'same side' as Ahmadinejad.]
Muqtada al-Sadr calls for anti-US protest 09 Oct 2008 Shiite cleric Muqtada al-Sadr has called for a delayed [formerly, April 9] anti-U.S. protest to take place in Baghdad. A statement posted on al-Sadr's Web site says "it has been decided to hold the anti-occupation protest on Oct. 18 in Baghdad." The Sadrists oppose negotiations for a security agreement that would extend the presence of U.S. troops in the country beyond the end of the year.
'Disgusted' to be U.S. soldier --Family's hopes of becoming Canadian citizens shattered after deportation order 09 Oct 2008 Jill Hart gripped her husband's hand yesterday as the two spoke of their hopes of becoming Canadian citizens -- just hours after the Canadian Border Services Agency denied the couple their bid to stay in Canada on humanitarian and compassionate grounds. The couple was told yesterday by a CBSA officer they must leave Canada by Oct. 30 or they'll be deported. They are planning to appeal... Patrick Hart, who was stationed in Bosnia in the '90s, said when he was deployed to Kuwait in 2003, he was horrified by tales from other U.S. soldiers who boasted about killing Iraqi civilians and picking human flesh and hair out of the grills of their vehicles after running over Iraqi children. "In '95 I had a sense that the U.S. was the good guy, and when I was deployed in 2003, a lot of the stories I was hearing, I wasn't hearing of heroic deeds or anything of that nature. It was stuff that made me disgusted to be an American soldier," Hart said.
U.S., Angola rule out establishment of U.S. African Command in Angola 10 Oct 2008 Both the United States and the Angolan government have ruled out the establishment of the U.S. African Command (Africom), Angola's official news agency ANGOP reported on Thursday.
Syria frees detained US journalists 09 Oct 2008 The State Department says two American journalists who were detained by Syrian authorities have been released and are safe at the U.S. Embassy in Damascus.
Blackwater to check itself [!] on US arms export law 09 Oct 2008 Amid a federal probe into whether Blackwater Worldwide smuggled weapons into Iraq, the private security contractor said Thursday it has established a panel of defense experts and former prosecutors to ensure it follows U.S. export laws... Federal authorities have been investigating since last year whether Blackwater improperly brought weapons into Iraq, allegations the company has strongly denied. Earlier this year, two former employees were sentenced on gun-running charges after the company said they stole from Blackwater's armory. And in June, federal agents seized 22 automatic rifles from a company vault. The compliance committee will include two former U.S. attorneys -- Robert C. Bonner and Asa Hutchinson (R-Maggot) -- and former Lockheed Martin Corp. ethics executive Carol R. Marshall.
Terror law used for Iceland deposits 08 Oct 2008 Anti-terrorism powers were used on Wednesday to recoup money owed to UK depositors in a failed Icelandic bank in a move that risked sending Britain’s relations with Reykjavik to their lowest since the 1970s "cod wars". UK taxpayers are likely to pay out at least £2.4bn as part of a £4.6bn scheme to compensate hundreds of thousands of account holders at Landsbanki, the Icelandic lender, according to Whitehall sources.
U.K. Used Anti-Terrorism Law to Seize Icelandic Bank Assets 09 Oct 2008 Chancellor of the Exchequer Alistair Darling used anti-terrorism rules to take control of assets held in Britain by a troubled Icelandic bank. Darling stepped in to protect deposits made by U.K. residents in Reykjavik-based Landsbanki Islands hf, which the government of Iceland seized yesterday.
AIG Gets More Government Bailout Cash 08 Oct 2008 Only one day after it was revealed that AIG had sprung for a $440,000 spa vacation shortly after getting an $84 billion government-loan bailout comes this report: The government is loaning AIG another $38 billion. AIG, the world's largest insurer, said it has already drawn down $61 billion on its $84 billion line of credit from the government.
AIG executives cancel planned California spa retreat 09 Oct 2008 Still smarting from their spanking for blowing $500,000 at a swanky resort after getting an $85 billion taxpayer bailout, AIG execs have cancelled a planned spa weekend at a posh California hotel. The conference for AIG agents at the Ritz-Carlton in Half Moon Bay next week was scrapped, AIG spokesman Joe Norton said Thursday. AIG pulled the plug on plans for a weekend of pampering for a privileged few after the feds agreed to lend AIG another $37.8 billion to stay afloat - on top of the $85 billion the troubled insurer received just last month.
AIG under fire for $370,000 resort trip 08 Oct 2008 As Martin Sullivan, the former chief executive of AIG, testified before Congress that a single accounting rule had caused his firm's near collapse, Henry Waxman, the Democratic chairman of the House of Representatives' chief investigative committee, flashed images of a luxury hotel on to television screens. In a moment of drama usually reserved for US court rooms, Mr Waxman showed off pictures of the grand staircase, sparkling fountain and white columns at the St Regis Resort in Monarch Beach, California. AIG executives had - according to the congressmen - convened there for a week-long retreat just one week after the US Treasury saved it from certain failure with an $85bn (€62bn, £48bn) bail-out. Bills showed the fallen insurer - and, some argued, US taxpayers - had paid nearly $200,000 for rooms, $150,000 for meals, and $23,000 in spa charges.
AIG Spa Trip Fuels Fury on Hill --Lawmakers Blast Them About Bonuses 08 Oct 2008 For some people at AIG, the insurance giant rescued last month with an $85 billion federal bailout, the good times keep rolling. Joseph Cassano, the financial products manager whose complex investments led to American International Group's near collapse, is receiving $1 million a month in consulting fees. Former chief executive Martin J. Sullivan, whose three-year tenure coincided with much of the company's ill-fated risk-taking, is receiving a $5 million performance bonus. Last week, about 70 of the company's top performers were rewarded with a week-long stay at the luxury St. Regis Resort in Monarch Beach, Calif., where they ran up a tab of $440,000.
U.S. May Take Ownership Stake in Banks 09 Oct 2008 Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials. Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it.
Eliot's Mess --The $200 billion bail-out for predator banks and Spitzer charges are intimately linked By Greg Palast 14 Mar 2008 While New York Governor Eliot Spitzer was paying an ‘escort’ $4,300 in a hotel room in Washington, just down the road, George Bush’s new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank industry speculators. Both acts were wanton, wicked and lewd. But there’s a BIG difference. The Governor was using his own checkbook. Bush’s man Bernanke was using ours. This week, Bernanke’s Fed, for the first time in its history, loaned a selected coterie of banks one-fifth of a trillion dollars to guarantee these banks’ mortgage-backed junk bonds. The deluge of public loot was an eye-popping windfall to the very banking predators who have brought two million families to the brink of foreclosure.
Predatory Lenders' Partner in Crime --How the Bush Administration Stopped the States From Stepping In to Help Consumers By Eliot Spitzer 14 Feb 2008 Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders... Even though predatory lending was becoming a national problem, the Bush administration looked the other way and did nothing to protect American homeowners. In fact, the government chose instead to align itself with the banks that were victimizing consumers. Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government.
Dow plunges 678 points --Wall Street shares plunged to their lowest level for five years --US in line for a deep recession --Banks take hammering after ban on short selling was lifted 09 Oct 2008 A collapse in the value of the US stockmarket dramatically accelerated Thursday as Wall Street shares plunged to their lowest level for five years driven by urgent, relentless selling on trading floors. Hit by mounting alarm over the stability of the global financial system, the Dow Jones Industrial Average dived by 678 points to 8,579 in the blue-chip index's third worst points fall of all time. In percentage terms, the Dow fell by 7%, exceeding the damage caused by last week's record one-day slump of 777 points.
Alaska Supreme Court won't halt 'troopergate' probe 09 Oct 2008 The Alaska Supreme Court today rejected an attempt by a group of six Republican legislators to shut down the Legislature's investigation of Gov. Sarah Palin. The ruling means that Steve Branchflower, the investigator hired by the Legislative Council, will release his report as scheduled on Friday.
Critics call McCain housing plan 'half-baked' [Like McCain himself] 09 Oct 2008 John McCain’s surprise policy offering Tuesday night to have the government buy bad mortgages is... a bit perplexing to nearly everyone. From economic experts to political pundits, from liberals to conservatives, the proposal has been greeted with a collective sense of puzzlement that is raising questions not only about the substance of the plan, but of the seeming hastiness surrounding its rollout. The few details available about McCain’s American Homeownership Resurgence Plan give the impression the plan is "half-baked," according to Larry Sabato, director of the University of Virginia’s Center for Politics.
"You can't call yourself a maverick if all you've been is a sidekick." Biden: McCain is no maverick 09 Oct 2008 (MO) At a stop in Liberty this afternoon, Sen. Joe Biden ripped Republican John McCain repeatedly as being out of touch with the American people. And he urged the crowd of several hundred to ignore McCain's recent attacks on the Democratic ticket, calling the charges inadequate and misguided. "The false charges are designed to get you to stop paying attention to what's going on," he said. Biden brought the crowd inside a gymnasium at William Jewell College to its feet when he accused McCain of failing to "look Barack Obama in the eye" and level those accusations during Tuesday night's debate. "If you got something say, look them in the eye and say it," he said. Biden also ridiculed the popular image of McCain as a maverick because the Arizona senator has voted with President [sic] Bush more than 90 percent of the time.
Biden Strikes Back At Palin's Age Crack 09 Oct 2008 Sarah Palin took on Joe Biden’s more advanced age (65) on the trail and in an interview with Fox News prior to last week’s debate, saying "I think he was first elected when I was like in second grade." Ripping into McCain’s proposal to spend $300 billion to buy bad mortgages from banks at face value, Biden said "Tuesday night, in the debate, John McCain said, speaking of lurching, he was going to spend – he had a new idea. Sarah Palin says, I was in second grade when Joe Biden was elected to the United States Senate at age 29. That’s true," he said. "But she was in 6th grade the last time John had a new idea." The crowd of 500 at William Jewell College loved the line, bursting into laughter.
Mud Pies for 'That One' By Maureen Dowd 08 Oct 2008 He [John McCain] cynically picked a running mate with less care than theater directors give to picking a leading actor’s understudy. And he has been running a seamy campaign originally designed by the bad seed of conservative politics, Lee Atwater. Atwater relished teaching rich, white Republicans to feign a connection to the common man so they could get in office and economically undermine the common man. In the 1988 campaign, the Machiavellian ran to help George Bush Sr. defeat Michael Dukakis with this unholy quintet of charges: The Democrat was a ’60s-style liberal who would raise taxes and take away guns. He was weak and would not protect the country militarily. He was a member of the elite "Harvard Yard’s boutique." He had a foreign-sounding name and was not on "the American side." He was on the side of the Scary Black Man. Sound familiar?
Former Republican senator criticizes McCain, supports Obama 09 Oct 2008 Lincoln Chafee, a former Republican U.S. senator from Rhode Island, is throwing his support behind Democratic presidential candidate Barack Obama, saying he is disillusioned with Republican John McCain. "Sen. Obama is the first Democrat I've ever voted for," Chafee said during a stop in Grand Rapids this morning.
Gallup Daily: Obama 52%, McCain 41% --Obama maintains significant lead 09 Oct 2008 The latest Gallup Poll Daily tracking report shows Barack Obama maintaining a 52% to 41% lead over John McCain, unchanged from Wednesday's report.
'Vaccinate now' to beat bird flu 09 Oct 2008 A vaccine available right now could help save lives in a future bird flu pandemic, UK scientists claim. A jab against one strain of avian flu, given years earlier, may "prime" the immune system to fight foment a wide range of bird flu strains. When the pandemic arrives, "pre-vaccinated" people could then be given a booster shot, and be protected far quicker, said researchers.
Stop the Eleventh-Hour Assault on Endangered Species --It may be the eleventh hour of the Bush/Cheney Administration, but that's not stopping their efforts to undermine the Endangered Species Act. 03 Oct 2008 The Administration wants to make serious changes to this landmark law that would eliminate some of the most important checks and balances that protect our polar bears, wolverines, whales and other imperiled wildlife. The U.S. Fish and Wildlife Service is taking public comments on this proposal until October 15th.
CLG needs your support.
http://www.legitgov.org/#contribute




America Under Siege

Jim Kirwan
10-9-8

The American public, composed of both citizens and consumers, is under attack on all fronts. This is being done by government directly, indirectly, and across the board in every aspect of our lives. What continues to go unnoticed is that the people of this country have the constitutional and right to be represented within this “government” that has become the blood-enemy of everyone that lives here. What the cabal has failed to credit is that
“Taxation without Representation is Tyranny”!

The methods being used by the owners, against the people, include secrecy, intimidation, blatant lies and their misrepresentations about everything that comes from the government concerning everything they say they are doing to correct any of the myriad failures that have brought this formerly successful nation to its metaphorical knees!

This siege is being led by the same people that were supposed to have protected the public, from everything that has happened since Cheney-Bush took over on 12-12-2000: when they were officially appointed by the US Supreme Court that stopped the vote-count in Florida which gave the election to the losers.

This includes Pelosi who has served not as the Speaker of the US House of Representatives, but as the handmaiden of the Cabal. In every instance where leadership was required, Pelosi got down on her knees before the Cabal and perverted, delayed or prevented the will of the public from being voted on—in direct contravention of the will of the public which her office is charged with insuring! As the third person in-line for the office of the presidency, Pelosi must be charged along with Bush & Cheney in their covert and now overt wars upon us all. Nancy Pelosi would do well to research what happened to Marie Antoinette, during the French Revolution. It took the French population a very long time to finally get angry, but when they finally did—heads did roll and that will happen here!

Currently, the elections process itself is also under attack by both the Republicans and the Democrats: just in case everything else fails to force the nation into Martial Law. Most of this was directed from the White House by Karl Rove who should be in Federal Prison, but who was never tried for his crimes, so we are all still having to deal with his Faustian schemes.

For six straight days stocks around the world continue to fall, yet the spin-masters of media continue to describe this global meltdown as “A credit crunch.”

The next government official that uses this criminally-insufficient term ought to have his or her tongue cut out on the spot! Because these conditions are now equal to what was last seen in 1937! This behavior, coupled with wholesale evictions and voter-registration purges, clearly adds the entire elections process to the lengthy list of crimes against the public; in this massive drive to deny the right of representation, along with the right to vote; to those that pay taxes for representation in the government decisions that are dragging us all down the road to open tyranny and into a bogus state of Martial Law!

This entire voting scandal is being exposed by Greg Palast and Robert Kennedy Jr., in a forthcoming article in Rolling Stone magazine and in a comic book called “Steal Back Your Vote.” (1)

Meanwhile in the elections process itself, both candidates have failed to tell the public that “the United States is no longer a Republic we are a corporation that is still in bankruptcy, which is why we cannot now just declare bankruptcy! “The UNITED STATES GOVERNMENT CORPORATION went BANKRUPT in 1933. They must renew the bankruptcy every 70 years. It was renewed in 2003. So it's already been bankrupt for over 70 years which is why everything is such a mess. The U.S. Government became the US GOVERNMENT CORPORATION via the Act of 1871. The result is that even our elections have been a complete sham and scam.” (2)

In the bizarre “debates” where the token audience sits like so many manikins, prohibited from displaying any reaction whatever to what is said by anyone—not unlike what would happen inside a prison—virtually no reality is allowed to invade the comments of the “anointed potential leaders.” They both speak of money to be spent on programs and new policies as if the current meltdown was not a fact. Ladies and gentlemen not only are we broke, we are so deep in debt that this corporation (formerly our Republic) shall never be able to escape: yet none of this is ever even mentioned.

Today we have also learned that “the Treasury Department May Take Ownership Stake in Banks. Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.

Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks' balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.”


So if you like the way the banks have routinely screwed you on your credit cards, and their ‘management of your money’ you’re going to really enjoy having the thoroughly corrupted “government’s” management of your bank’s ineptitude, because they will no doubt take everything to an entirely new level of outright incompetence coupled with theft and deceit run amuck! (3)

And if all of the above is still not enough to drive the nation into Martial Law; then the Dictator still can use the $100 million he just received in discressionary funds to send in his own troops
To enforce Martial Law!

This has been made possible because of secret-contracts whereby Blackwater and others have been retraining police forces throughout the nation, to militarize what used to be peace officers. This will now be augmented by US combat troops that began their duties nine days ago by order of the president. (4)

This is a full-court press by those that the public has refused to arrest and charge for their previous crimes against the people of the United States; and because we failed to act before—this situation has now created all of the impossible problems that now must be faced and ended by the 70% of the public that totally disagrees with everything that is now being done to us in the name of another false-flag “emergency”!

kirwanstudios@sbcglobal.net


1) Gregg Palast on Vote Rigging and Suppression Ahead of the 2008 Elections
http://www.democracynow.org/2008/10/9/greg_palast_on_vote_rigging_and

2) USA – the link to “Point 1” was erased, but the facts have not changed
http://www.kirwanesque.com/politics/articles/2008/art83.htm#1)

3) Treasury Department May Take Ownership Stake in Banks
http://www.nytimes.com/?emc=na

4) FEMA sources confirm coming Martial Law
http://www.heyokamagazine.com/heyoka.16.waynemadsen.htm

Thousands of Troops are deployed on U S streets
http://www.heyokamagazine.com/heyoka.16.naomiwolf.troopsdeployed.htm



Spare a thought for the super-rich down to their last few millions
http://www.dailymail.co.uk/news/article-1076132/Spare-thought-super-rich-millions.html

U.K. FTSE plunges 440pts in just 10 minutes as markets around the world go into freefall again
http://www.dailymail.co.uk/news/worldnews/article-1076131/FTSE-plunges-440pts-just-10-minutes-markets-world-freefall-again.html




Propaganda http://www.informationclearinghouse.info/article20082.htm
2nd U.S. Revolt http://www.youtube.com/watch?v=pKFKGrmsBDk&eurl=http://www.godlikeproductions.com/forum1/message587756/pg1
David Icke http://video.google.com/videoplay?docid=-4799447112501062338&q=4799447112501062338&ei=aqJzSKXlE5SK2wLd6JGoAQ
Illuminati enslaves http://rense.com/general83/ilum.htm Collapse of the $ http://www.brasschecktv.com/page/437.html
Bush Family'sBuddies http://www.brasschecktv.com/page/355.html Jerusalem http://www.youtube.com/watch?v=17CRVGojwic
Rothschilds http://www.iamthewitness.com/DarylBradfordSmith_Rothschild.htm
http://www.theforbiddenknowledge.com/hardtruth/the_rothschild_bloodline.htm
US Economy Collapsing http://uk.youtube.com/watch?v=4dpJL6ANnV0#
Mad as hell http://uk.youtube.com/watch?v=mzJmTCYmo9g#
http://www.heyokamagazine.com/HEYOKA.8.MadAsHell.htm

EU Crippled in Crisis as 27 Governments Confront Single Economy

By Steve Scherer

Oct. 10 (Bloomberg) -- It took the European Union almost three decades
to agree on what could legitimately be called chocolate. That doesn't
bode well for its handling of the worst financial crisis in its
history.

The club of 27 governments has been relegated to bit-player status in
the drama as global central banks coordinate rate cuts and individual
European nations move unilaterally to fortify their own banking
systems.

EU finance ministers this week rejected the idea of a region-wide
bailout fund. Beyond impromptu joint efforts to aid Fortis, Dexia SA
and other cross-border European banks, the EU is essentially stymied
by its requirement that major decisions be unanimous and by its lack
of a central financial regulator.

As banks' need for capital increases and individual country finances
become stretched, Europe's piecemeal approach may prove inadequate.

``There's a need not only to coordinate a response to the crisis on a
European level, but also on a global level,'' said Juergen Michels, a
Citigroup Inc. economist in London. ``While the EU is one functioning
financial market, it's made of up different nation states that don't
always work together.''

So far, EU leaders' unified response has been limited mostly to
meetings. France's Nicolas Sarkozy, the EU's current president, has
struggled to forge a common approach.

He sparked resentment simply by calling a meeting limited to the four
biggest EU countries in Paris on Oct. 4, excluding 23 other partners.
That session flopped when German Chancellor Angela Merkel rejected a
French proposal for a U.S.-model bailout fund.

Zapatero, Merkel

Now more meetings are planned: Sarkozy sees Spanish Prime Minister
Jose Luis Rodriguez Zapatero today in Paris and gets together tomorrow
with Merkel. On Oct. 15 and 16, all 27 national leaders gather in
Brussels, the EU's headquarters.

The imperiled banking system will be ``at the core'' of the summit,
European Commission President Jose Barroso said on Oct. 8. He called
on Europe to remove the ``mismatch between a continental-scale market
and national systems of supervision'' of banks because ``the gravity
of the financial crisis is clear to all.''

The International Monetary Fund said on Oct. 7 that the world's major
banks may need $675 billion in fresh capital over the next several
years to recover from the credit crunch.

Small Countries

That won't be easy if banks in small European countries need more cash
than their governments have, said Francesco Giavazzi, the Italian
Treasury's former director general.

``The danger is that in some countries the banks are very big with
respect to the size of the country,'' said Giavazzi, now an economics
professor at Milan's Bocconi University. ``The EU needs to create a
fund that can intervene in these cases.''

So far, however, countries are going their separate ways. U.K. Prime
Minister Gordon Brown has called on EU nations to follow his plan to
buy stakes in their own country's banks. Spain is emulating the U.S.
strategy of purchasing lenders' souring assets.

France offered verbal assurances that it won't let institutions fail.
Italy has pledged funds to prevent the collapse of any struggling
bank, with Finance Minister Giulio Tremonti declining to say yesterday
how much money it's willing to spend.

Deposit Guarantees

Even the EU finance ministers' decision to stave off bank runs by
boosting minimum deposit guarantees was fraught with discord. Larger
countries sought a 100,000-euro minimum guarantee. Smaller countries
won in setting a 50,000-euro level.

Gilles Moec, an economist at Bank of America in London, said the EU
may eventually be forced to act as a bloc if a member country doesn't
have the means to stave off a meltdown.

``Europe is so intertwined from a trade and industrial point of view
that the EU would have to do something,'' Moec said.

Economic interests long have driven the development of the EU. It
started out as the six-country European Coal and Steel Community in
1951.

When the bloc expanded from six to nine countries in 1973, a pitched
battle began over chocolate. Purists, mainly in Belgium, argued that
only candy with unadulterated cocoa butter should be allowed to be
called chocolate. That prompted objections from the U.K. and other
defenders of non-cocoa fats. The purists finally caved in 2000.



Bigger Than U.S.

The EU is now a single market with almost 500 million inhabitants and
a gross domestic product of $16.8 trillion last year, about 31 percent
of the world's nominal GDP, according to the World Bank. U.S. GDP was
$13.8 trillion in the period.

The integrated continental economy has no tariffs. Capital, labor and
services move freely from one country to another. With a few
exceptions, any EU citizen can live and work in any of the member
countries.

Times of economic difficulty have accelerated integration, as when
Germany's post-unification recession led to a Europe- wide economic
malaise that destroyed the bloc's exchange-rate management system in
the early 1990s. EU leaders agreed in December 1991 to pursue a common
currency and the euro became a reality in 1999.

The speculative run on exchange rates ``convinced some reluctant
governments who are now in the euro zone that they would be better off
with a single currency,'' Moec said.

Now the EU is stuck in a holding pattern. It has twice tried to
streamline decision-making processes and create a more powerful office
of EU president to replace the six-month rotating presidency now held
by Sarkozy. Both attempts were scuttled: the French and Dutch rejected
a constitution in 2004, Ireland repudiated the 2007 Lisbon Treaty.

With fallout from the financial crisis looming, the EU needs to move
beyond past failures, said analyst Michael Saunders, chief Western
European economist at Citigroup Inc.

``Both the European economy and the European financial system are more
vulnerable than many realize,'' Saunders said.

To contact the reporters on this story: Steve Scherer in Rome at
scherer@bloomberg.net

Global Stocks, U.S. Futures Slump; Barclays, Rio, E.ON Tumble

By Sarah Thompson

Oct. 10 (Bloomberg) -- Stocks tumbled, driving the MSCI World Index
to its worst week in more than three decades, on concern the deepening
credit crisis will spur the failure of more financial companies and
send the global economy into recession. The yen rallied as investors
shunned higher-yielding assets.

Barclays Plc, Rio Tinto Group and E.ON AG fell more than 9 percent.
Nobel Biocare Holding AG plummeted 30 percent after it said third-
quarter revenue declined on slowing demand in North America and Europe
and warned it may not meet full-year guidance for operating margins.
Japan's Nikkei 225 Stock Average slumped 11 percent, the second-
biggest drop on record.

The MSCI World Index lost 3.4 percent to 925.18 at 8:38 a.m. in
London, extending this week's drop to 19 percent, the most on record
dating back to 1970. Standard & Poor's 500 Index futures slid 1.9
percent. Europe's Dow Jones Stoxx 600 Index slumped 6.5 percent, and
the MSCI Asia Pacific sank 6.4 percent.

``Fundamentals don't count anymore,'' said Espen Furnes, an Oslo-based
fund manager at Storebrand Asset Management, which has the equivalent
of $48 billion. ``We have reached the panic stage, which is always the
last phase. The question is how long it'll last.''

More than $4 trillion has been erased from global equities this week
even as central banks from London and Frankfurt to Washington and Hong
Kong were forced to cut interest rates after the yearlong credit-
market seizure stoked concern banks will run short of money.

Next Victims

The Dow Jones Industrial Average fell below 9,000 for the first time
since 2003 yesterday as higher borrowing costs and slower consumer
spending spurred concern carmakers, insurers and energy companies will
be the next victims of the credit crisis.

``A very dangerous mixed has taken place in the money and credit
markets and hedge funds are clearly withdrawing flows from equities,''
said Francisco Salvador, director at Venture Finanzas SA in Madrid.
``We are waiting for some rational order to be restored, and very
abrupt sell-offs are always followed by abrupt rebounds, but meanwhile
we'll see panic.''

The MSCI World is valued at 11.12 times the reported earnings of
companies in the index, the cheapest since at least 1995. Europe's
Stoxx 600 was valued at 9.30 times profit today, the lowest since
Bloomberg began compiling the data in January 2002. The S&P 500 traded
at 17.39 times earnings, the cheapest since September 2007.

Russian stock exchanges delayed the opening of trading today and
Indonesia extended a two-day halt. Iceland yesterday suspended equity
trading today until Oct. 13 after the government seized Kaupthing hf,
the country's biggest bank.

`Seized Up'

Asian money-market rates climbed as injections of more than $32
billion by Japan and Australia and a round of global interest-rate
cuts failed to unlock credit. The three-month interbank offered rate
in Tokyo, known as Tibor, was fixed at 0.878 percent, the highest
since March 1998.

``The wheels of commerce have effectively seized up,'' said Kate
Schapiro, who oversees $250 million in equities at Sentinel Asset
Management in San Francisco. ``Trapped by the fear of losing
everything, we're seeing one-sided selling.''

The yen rose to 99.39 per dollar, bringing the weekly gain to 6
percent, the most in a decade. Gold jumped to the highest in nearly 11
weeks as investors sought bullion as a haven.

Singapore fell into the first recession since 2002 as manufacturing
slumped, prompting the central bank to end a policy favoring gains in
its currency in an effort to support the economy.

Bankruptcy Protection

New City Residence Investment Corp. filed for bankruptcy protection,
becoming Japan's first real-estate investment trust failure. Yamato
Life Insurance Co. also filed for court protection from creditors in
the nation's first bankruptcy in the industry in seven years.

Barclays, the U.K. bank, slipped 13 percent to 209.5 pence. Rio Tinto,
the world's third-biggest mining company, lost 11 percent to 2,440
pence. E.ON, the German utility company, sank 9.3 percent to 25.62
euros.

Morgan Stanley dropped 6.6 percent to $11.72 in Germany after Moody's
Investors Service said it may cut the bank's credit rating on concern
the financial crisis threatens earnings and investor confidence.

Mitsubishi UFJ Financial Group Inc., Japan's biggest bank, lost 6.7
percent to 724 yen. The company is in talks to buy a stake in Morgan
Stanley.

Nobel Biocare fell 30 percent to 2.26 francs. Before today, the
company expected sales to rise in the ``low single-digits'' while
profitability on earnings before interest and taxation was supposed to
remain at 2007 levels at a constant exchange rate.

Chief Executive Officer Domenico Scala, the former Syngenta AG
executive brought in to replace Heliane Canepa in July 2007, said Aug.
11 there were ``encouraging initial signs'' of recovery and that the
worst might be over in the U.S. market.

To contact the reporter on this story: Sarah Thompson in London at
sthompson17@bloomberg.net.

New ways needed to tackle issues with Pak: PM
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Agencies
Posted: Oct 10, 2008 at 2023 hrs IST
Srinagar, October 10: Reaching out to Pakistan, Prime Minister Manmohan Singh said India was keen to normalise relations with Islamabad and advocated ‘new ways’ of working together to address all outstanding issues including the Kashmir imbroglio in a friendly manner.
"We want to normalise relations with Pakistan," Singh, who is on a two-day visit, said at a crowded press conference.

The Prime Minister also made it clear that Government was open to holding dialogue with all shades of opinion in the state including separatist groups.

"They are welcome to come. I am not closing my doors," he said.

2 killed in firing by security forces in Srinagar

Two persons were killed and 75 people, including 34 security personnel, in firing by security personnel on violent street protesters led by separatists against Prime Minister Manmohan Singh's two-day visit to Jammu and Kashmir.

The violent protests erupted in parts of the city and Baramulla district town shortly after Friday prayers when hundreds of people took to streets in the valley where normal life was hit by a strike called by separatists' coordination committee against the Prime Ministers visit.

Mehraj-ud-din Sheikh alias ‘Babloo’ and Shafat Ahmad Dar were killed when security forces opened fire after teargas shelling and lathicharge proved ineffective to disperse stone-pelting mobs at Nowhatta and adjoining localities in the vicinity of Jamia Masjid in interior city, official sources said.

While Sheikh succumbed in hospital, Dar fell to the bullets on Friday evening while taking part in a protest by a large number of people to mourn the death of Sheikh, the sources said.

Five persons were injured in the firing, the sources said adding the condition of two of them was stated to be serious.

Earlier, the day-long clashes between police and the protestors in the sensitive area left 55 persons, including 25 security personnel, injured, the sources said adding the injured CRPF personnel included an assistant commandant of the force.

A police spokesman said security forces opened fire when a group of violent protestors resorted to stone-pelting in a bid to ransack police station at Nowhatta.

'Bombard customers with TV ads to boost car sales'
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Agencies
Posted: Oct 04, 2007 at 0000 hrs IST
Print Email To Editor Post CommentsMost Read ArticlesRelated Articles
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New Delhi, October 4: As carmakers in India struggle to keep sales up, global market insight and information group TNS has found out that the best way to keep customers interested is to bombard advertisements on the television.
A study by TNS covering 2,000 car owners across ten centres in India found that television advertisements from manufacturers were the most influencial contact to customers.

This was followed by newspaper advertisements, opinion or influence of family members, friends and colleagues, test drive and seeing product on road.

Interestingly, the study found that in North India celebrity endorsements seemed to have a high influence on purchase decisions, while in the eastern region it was cricket sponsorships, kiosks and stand-up displays. Customers from southern part of the country were more influenced by magazine and web advertising, it added.

In metros, manufacturer website and celebrity endorsements had more influence on intender/owners, whereas in non-metros customers were perceptive to sponsorships of TV or radio programmes, art or entertainment events and community service activities.

The study also found that road safety education, guidance, driving schools and other community service activities are the most non-influential contact overall.

It also found that telephone call, direct mailer or e-mails from manufacturer or dealer were among the most uninfluential contacts as was the case with sponsoring of motor racing event or rallies.






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Aljazeera.net Indo-US nuke deal to be signed on Friday: Sources
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IMF Says India Economy Will Not Escape the Global Financial Crisis
Large domestic market will keep fuelling growth of the Indian economy, though at a lower pace, despite financial crisis leaving the US and Europe reeling ...
www.scribd.com/doc/6456881/IMF-Says-India-Economy-Will-Not-Escape-the-Global-Financial-Crisis - Similar pages - Note this
Economy Watch - World, US, China and Indian Economy
India Economy: Effects of the US Financial Crisis in India ... Firms from developing nations are rising to the top of global business, even acquiring the ...
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India Business News, Finance News, Indian Economy, Stock Market ...
FM asserted that fundamentals of the economy are strong and that savings are ' completely safe'. ... India Inc set to cash in on global financial crisis ...
www.financialexpress.com/ - 76k - Cached - Similar pages - Note this



Convention condemns Indo US strategic alliance
Comrade Rao brought out the different facets of the Indo US strategic alliance in his address. He pointed out that the strategic alliance was an alliance ...
www.cgpi.org/pages/latest/080828-anti_%20imperialism_MTG.aspx - 20k - Cached - Similar pages - Note this
DNA - India - Karat warns UPA govt on Indo-US nuke deal - Daily ...
9 Aug 2007 ... Karat warns UPA govt on Indo-US nuke deal ... "If you continue with the strategic alliance with the US, it will meet opposition not just ...
www.dnaindia.com/report.asp?NewsID=1114604 - 56k - Cached - Similar pages - Note this
[DOC]
The UPA government has taken major steps to convert India into a ...
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Subordinate Ally: Implications of the Indo-US Strategic Alliance ..... The evolution of Indo-US relations towards a strategic alliance has serious ...
cpim.org/marxist/200601_indo%20us%20relations.doc - Similar pages - Note this
Tuesday, September 02, 2008 HOME | IMAGES | VIDEOS | BLOGS | LIVE ...
Inaugurating a national seminar on Indo-US nuclear deal here, he said the deal would lead to a strategic alliance between India and the US and it would even ...
www.mynews.in/fullstory.aspx?storyid=9581 - 118k - Cached - Similar pages - Note this
India Forum - Indian History, Culture, Politics, News, Strategic ...
Indo-US Nuclear Deal Demystified. ... It is therefore desirable to have a strategic alliance with the lone super power in view of our hostile neighbourhood. ...
www.india-forum.com/strategic_security/indo-us-nuclear-deal-demystified.html - 85k - Cached - Similar pages - Note this
Indo-US military ties are inevitable
18 Sep 2007 ... 'I do not see this turning into a strategic alliance because I doubt if India ... This is evident from the turbulent history of the Indo-US ...
ia.rediff.com/news/2007/sep/18malik.htm - 48k - Cached - Similar pages - Note this
The Hindu : Opinion / News Analysis : Why we oppose the Indo-U.S. ...
3 Sep 2007 ... The Indo-U.S. Bilateral Nuclear Cooperation Agreement (2007) is the capstone of this new strategic alliance, driven by geopolitical and ...
www.hindu.com/2007/09/03/stories/2007090355521100.htm - 19k - Cached - Similar pages - Note this
Indo-U.S. Pact Allows Nuke Fuel, Technology Sales - Defense News
Mahindra Singh, a retired Indian Army major general, said the Indo-U.S. agreement will pave the way for an early strategic military alliance between India ...
www.defensenews.com/story.php?i=3755419 - 18k - Cached - Similar pages - Note this
BHARAT RAKSHAK MONITOR: Volume 4(6)
President Bush’s new strategic framework and its fresh vision of the role of .... gradually in step with other facets of the Indo-US strategic alliance. ...
www.bharat-rakshak.com/MONITOR/ISSUE4-6/hiranandani.html - 22k - Cached - Similar pages - Note this
Indo-US Nuclear Deal:
Embedded in this strategic alliance is the US nuclear cooperation deal which ... an independent foreign policy and against the Indo-US strategic alliance? ...
www.cpiml.org/liberation/year_2006/September/editorial.htm - 11k - Cached - Similar pages -

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News results for Indo US Nuclear deal

GulfNews Indo-US N-deal represents "major" policy shift: Chinese media - 9 Oct 2008

Beijing, Oct 9 (PTI) The enactment of the legislation on the Indo-US nuclear deal by President George W. Bush is a "major policy shift" for the United ...

Press Trust of India - 1039 related articles »
Indo-US nuclear deal, defence sales different channels: Rice - Press Trust of India - 735 related articles »
Chronology of the Indo-US nuclear deal - Economic Times - 720 related articles »

Indo-US civilian nuclear agreement - Wikipedia, the free encyclopedia
[8] [9] According to a statement from White House, the U.S. President will sign the legislation on the Indo-US nuclear deal, approved by the U.S. Congress, ...
en.wikipedia.org/wiki/United_States-India_Peaceful_Atomic_Energy_Cooperation_Act - 196k - Cached - Similar pages - Note this
Highlights of Indo-US nuclear deal - The Financial Express
3 Aug 2007 ... Following are the key aspects of the Indo-US civil nuclear deal.
www.financialexpress.com/news/Highlights-of-IndoUS-nuclear-deal/208405/ - 66k - Cached - Similar pages - Note this
What does Indo-US nuclear deal mean?
China is said to have supported Pakistan's nuclear weapons program since the 1980s. Some analysts see the Indo-US deal as part of attempts by larger powers, ...
www.expressindia.com/fullstory.php?newsid=71625 - 43k - Cached - Similar pages - Note this
The Indo-US nuclear deal - an analysis
3 Mar 2006 ... Internet presence of the Indian Muslims first English Newspaper, The Milli Gazette.
www.milligazette.com/dailyupdate/2006/20060303_india_us_nuclear.htm - 28k - Cached - Similar pages - Note this
The truth behind the Indo-U.S. nuclear deal
The truth behind the Indo-U.S. nuclear deal. by Siddharth Varadarajan. Global Research, July 29, 2005. The Hindu. Email this article to a friend ...
www.globalresearch.ca/index.php?context=viewArticle&code=VAR20050729&articleId=756 - 49k - Cached - Similar pages - Note this
Indo-US Nuclear Deal: Why this hurry and at what cost?
7 Jul 2008 ... The Indo-US Nuclear Deal is meant to serve the interests of the global nuclear power industry and is a ploy to keep India away from staking ...
www.newstrackindia.com/newsdetails/5347 - 45k - Cached - Similar pages - Note this
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INDO-US NUCLEAR DEAL: THE CHINA FACTOR
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the Indo-US nuclear deal of 18 July. 2005 appeared in the People’s Daily in .... Indo-US nuclear deal, as entirely. negative in nature, or even India- ...
www.ipcs.org/IPCS-Special-Report-14.pdf - Similar pages - Note this
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Indo-US Nuclear Deal Unending Drama in Many Acts
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The present status of the Indo-US. nuclear deal is that the US Atomic Energy Act of .... IAEA would not permit the Indo-US nuclear deal to ...
ipcs.org/IPCS-IssueBrief-No42.pdf - Similar pages - Note this
Indo-US Nuclear Deal: A Curtain Raiser -III
6 Sep 2007 ... The highly debated Indo-US nuclear deal entails a paradigm shift in India’s foreign policy, putting in jeopardy the stand we have built on ...
www.merinews.com/catFull.jsp?articleID=126252 - 71k - Cached - Similar pages - Note this
Political Affairs Magazine - Indo-US Nuclear Deal
1 Aug 2005 ... THE Nuclear deal entered into by India and the US as part of the Indo-US Agreement signed by president Bush and Indian prime minister ...
www.politicalaffairs.net/article/view/1599/1/112/ - 45k - Cached - Similar pages - Note this
Blog posts about Indo US Nuclear deal

Why the Indo-US nuclear deal is dangerous. - blogs.telegraph.co.uk blog listings. - 12 hours ago
President Bush Signs INDO US Nuclear Deal into Law - First Blog for Indian Financial Market - 9 Oct 2008
George Bush signs Indo-US nuclear deal - merinews: World News Articles - 9 Oct 2008