One hundred years ago this week, a secret deal was concluded between Britain and France that plunged the Middle East into a century of bloodshed. Two colonial negotiators, Mark Sykes and François Georges-Picot, agreed to carve up the Middle East between their respective countries in order to secure European control of the failing Ottoman Empire at the end of the First World War.
The post The Sykes-Picot Legacy, 100 Years On appeared first on BSNEWS.
BLACKLISTING companies were shamed into paying out millions on May 9th to the workers whose lives they ruined in a historic victory for trade unionists. Eight major construction firms concluded a lengthy court battle with an 11th-hour increase in compensation. The total sum paid out by Balfour Beatty, Carillion, Costain, Kier, Laing O’Rourke, Sir Robert McAlpine, Skanska UK and Vinci […]
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When we ask “Who rules the world?” we commonly adopt the standard convention that the actors in world affairs are states, primarily the great powers, and we consider their decisions and the relations among them. That is not wrong. But we would do well to keep in mind that this level of abstraction can also be highly misleading.
The post American Power Under Challenge appeared first on BSNEWS.
We are desperately in need of some sanity as the British political and media establishment seek to generate yet another “new anti-semitism” crisis, on this occasion to undermine a Jeremy Corbyn-led Labour party before the upcoming local elections. Corbyn and his supporters want to revive Labour as a party of social justice, while Britain’s elites hope that – in a period […]
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You may be thinking 'but this disaster befell that poor African country more than thirty years ago, surely things must be better today'. Well sadly, no, things are not any better. In fact the systemic failures which precipitated the local food shortages and amplified the effects of the drought have never been fixed and are in fact worse today than they were back then.
"We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced. . . .we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank."
The post How A Bankrupt Germany Solved Its Infrastructure Problems appeared first on BSNEWS.
When you have a self-righteous provincial judge threatening to imprison former President Lula for a modest apartment and a ranch that he does not own, but at the same time is incapable of laying a finger on Brutus Two, alongside largely pompous Supreme Court judges, you have a banana republic.
The post The Empire of Chaos Strikes Back appeared first on BSNEWS.
Intro by BSNews: Let us not forget that the corruption displayed by South Yorkshire Police in lying about the events at Hillsborough is not isolated degeneracy: In 2010 The Metropolitan Police immediately fed lies to the media when Ian Tomlinson died in the street after being forcefully pushed over by one of their officers. News sources were quickly told that […]
The post They Never Walked Alone appeared first on BSNEWS.
People generally assume that if they pay their bills on time, they aren’t paying compound interest; but again, this isn’t true. Compound interest is baked into the formula for most mortgages, which compose 80% of U.S. loans. And if credit cards aren’t paid within the one-month grace period, interest charges are compounded daily.
The post It’s the Interest, Stupid! Why Bankers Rule the World appeared first on BSNEWS.
What we may be witnessing here is the 1% going after the 10% of people who, according to German researcher Margrit Kennedy, do not need to borrow but are “net savers.” Today the remaining 90% are “all borrowed up.” Either they are unwilling to borrow more or the banks are unwilling to lend to them, since they are poor credit risks. Who, then, is left to feed the machine that feeds the 1%, and more specifically the 0.001%?
