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articles: Physicist Claims First Real Demonstration of Co ld Fusion -=- War Abroad, Poverty at Home -=- Soro s: "We face the most serious recession of our lifeti me" -=- Israel Lobby is too Powerful - Zbigniew Brzezi nski

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  • Dick Eastman
    (1) We face the most serious recession of our lifetime - George Soros (2) Israel Lobby is too Powerful - Zbigniew Brzezinski (3) Another Stimulus Package for
    Message 1 of 1 , Jun 1, 2008
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      (1) “We face the most serious recession of our lifetime” - George Soros
      (2) Israel Lobby is too Powerful - Zbigniew Brzezinski
      (3) Another Stimulus Package for the Pentagon - War Abroad, Poverty at  Home, by Paul Craig Roberts
      (4) US Recession impacting on Asia
      (5) Big Drug companies face lower profits as patent expiry allows more generic medicines
      (6) Physicist Claims First Real Demonstration of Cold Fusion


      (1) “We face the most serious recession of our lifetime” - George Soros

      Date: Fri, 30 May 2008 23:50:57 -0400 (EDT) From: IHR News <
      news@...>

      George Soros: 'We face the most serious recession of our lifetime'

      George Soros, 'the man who broke the Bank of England', tells Edmund
      Conway of his fears for the economy

      The Telegraph (Britain)

      Last Updated: 12:53am BST 27/05/2008

      http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/26/ccsoros126.xml

      'This is a period of wealth destruction. The people who make money will
      be few and far between. There will be a lot more money lost than made."
      When George Soros - the phenomenally successful hedge fund manager -
      says this, you know something is wrong, very wrong. And indeed it is.
      The 77-year-old billionaire sinks back into the sofa in his Chelsea
      townhouse and exhales.

      He has managed to make money almost consistently for over half a century
      - from his early days as one of the world's first major hedge fund
      traders to his involvement in Black Wednesday as the man who "broke the
      Bank of England", and in the latter years generating
      multi-billion-dollar annual profits throughout the 1990s. The conditions
      today are almost uniquely dismal, however. Telegraph TV: George Soros on
      the Bank of England

      "I think this is probably more serious than anything in our lifetime,"
      he says. In short, his feeling is that the United States and Britain are
      facing a recession of a scale greater than the early-1990s, greater even
      than the 1970s.

      "I think the dislocations will be greater because you also have the
      implications of the house price decline, which you didn't have in the
      1970s - so you had stagflation and transfer of purchasing power to the
      oil producing countries, but here you also have the housing crisis in
      addition to that."

      Such apocalypticisms would be less worrying were it not that Soros was
      among the few prominent experts who warned of the dire consequences
      facing the American economy years ago, when the housing bubble was still
      inflating.

      But even cottoning on to the big economic story early on hasn't meant
      guaranteed success. He returned from retirement last summer, and no
      sooner had he started trading than he pulled hundreds of millions of
      dollars of investment out of the US and the UK. It was enough to help
      him to a 32pc return last year. But amid the turbulence of 2008, he
      admits he is barely breaking even.

      One of the problems is that leverage, the juice that has driven the
      hedge fund and finance trade in recent years, has all but dried up; the
      other is that the impending economic slump will be far-reaching and painful.

      In the UK, the economic clouds are particularly dark, he says. "House
      prices have risen over the years and are further away from sustainable
      than in practically any other country, in terms of household
      indebtedness and the relationship of house prices to incomes." The slump
      may be more gentle than in the US, he adds, but it will be more drawn out.

      "This is going to be compounded by the fact that the financial industry
      weighs more heavily on the economy than in other countries, because
      London is the centre of the global financial system, and you have the
      unfortunate condition that the Bank of England is bound into inflation
      targeting, and is not in a position to lower interest rates until you
      have an economic slowdown."

      The nice decade, he says, borrowing a phrase from Bank Governor Mervyn
      King, is over and now the Bank has struck a "Faustian bargain between
      economic slowdown and inflation".

      Ah, the Bank of England. There can be few more eventful relationships
      between one man and a bank than this one. There is no doubt he remains
      proud of his central role in Black Wednesday, when he helped drive
      Britain out of the Exchange Rate Mechanism, making around a billion
      dollars in the process. He is reminded of it by the fact that sterling
      has recently fallen some 20pc against the euro.

      "It's much better than the straitjacket sterling was in when I broke the
      Bank of England."

      For which, by the way, he is, rightly, unapologetic: "The ERM would have
      been abandoned even if I had never been born."

      The son of the ERM, meanwhile, the euro, looks unbreakable in comparison
      - by speculators, at least.

      But as hedge funds and other speculators pile in to the current crude
      oil boom, the Hungarian-born investor instead focuses on the wider
      picture - maintaining his estimated $8.5bn (£4.3bn) fortune, much of
      which he spends on his philanthropic and political ventures - most
      notably his Open Society Institute, which has a particular focus on
      Eastern Europe. However, don't try to read any of his politics into his
      trades, he insists.

      "As a hedge fund manager, I do not claim to be serving the public
      interest. I am in the business to make money," he says. "It's a
      difficult point for people to understand and there's a general attitude
      when they see people profiting to say that markets are immoral, or
      making money by speculating is immoral.

      "It's really the job of the authorities to set the rules, and there are
      times when some people break the rules or engage in improper activities,
      like the sub-prime mortgages. The impact fell particularly heavily on
      black and Hispanic minorities.

      "It is a scandal, and I think you can blame [former Federal Reserve
      chairman Alan] Greenspan for not regulating the mortgage industry. But
      that's very different from speculating in government bonds or financial
      instruments, and that's a difficult point to get across, but I feel very
      strongly.

      "Markets play a very useful role and they are amoral, not immoral."

      (2) Israel Lobby is too Powerful - Zbigniew Brzezinski

      Date: Fri, 30 May 2008 23:50:57 -0400 (EDT) From: IHR News <
      news@...>

      The Telegraph (Britain)

      http://www.telegraph.co.uk/news/newstopics/uselection2008/2033694/Barack-Obama's-consultant-accuses-Jewish-lobby-members-of-McCarthyism.html

      Barack Obama supporter accuses Jewish lobby members of McCarthyism

      By Alex Spillius in Washington

      Last Updated: 4:08PM BST 27/05/2008

      A foreign policy expert consulted by Senator Barack Obama, the leading
      contender for the Democratic presidential nomination, has accused
      members of the American Jewish establishment of "McCarthyism" in its
      attitude towards critics of Israel.

      {photo} AFP/GETTY Mr Brzezinski has been accused of being 'anti-Israel'
      by some Jewish academics, writers and bloggers {end}

      Zbigniew Brzezinski, a former national security adviser, said that the
      pro-Israel lobby in the US was too powerful, while the slur of
      anti-Semitism was too readily used whenever its power was called into
      question.

      Presenting a solution for the Middle East, he listed historical
      compromises that had to be made by Israelis and Palestinians but accused
      the American Israel Public Affairs Committee (Aipac) – the largest and
      most influential Jewish lobby group – of obstructing peace efforts.

      He said: "Aipac has consistently opposed a two-state solution and a lot
      of members of Congress have been intimidated and I don't think that's
      healthy."

      He added that other country-specific lobbies, such as the
      Cuban-Americans, the Armenians and the Irish, had also exerted undue
      influence in Washington.

      Mr Brzezinski, who served under President Jimmy Carter, was a key player
      in the 1978 Camp David Accords and remains an important voice in the US
      foreign policy establishment.

      An active author and analyst at 80, he is close enough to Mr Obama that
      his remarks may feed fears in the American-Jewish community that the
      senator would soften America's traditional strong pro-Israeli stance if
      he became president.

      This perception has been created in part by Mr Obama's professed
      willingness to talk to Iran and partly by other foreign policy associates.

      In recent weeks, Mr Obama has courted the Jewish vote and, on Israel's
      60th anniversary, underlined the need for the US to show "unshakeable"
      support.

      Mr Brzezinski has been accused of being "anti-Israel" by some Jewish
      academics, writers and bloggers after criticising Israel for excessive
      use of force and unwillingness to compromise.

      Last year, censure of him reached new heights when he defended John
      Mearsheimer and Stephen Walt, two academics who had criticised the
      pro-Israel lobby and were accused of questioning the right of the state
      of Israel to exist.

      Mr Brzezinski said "it's not unique to the Jewish community – but there
      is a McCarthyite tendency among some people in the Jewish community",
      referring to the Republican senator who led the anti-Communist witch
      hunt in the 1950s.

      "They operate not by arguing but by slandering, vilifying, demonising.
      They very promptly wheel out anti-Semitism. There is an element of
      paranoia in this inclination to view any serious attempt at a
      compromised peace as somehow directed against Israel."

      Although Mr Brzezinski is not a formal day-to-day adviser and stressed
      he doesn't speak for the campaign, he said that he "talks to" Mr Obama.

      He endorsed the Illinois senator, lauding him as "head and shoulders"
      above his opponents. He said that he was the only candidate who
      understood "what is new and distinctive about our age".

      In turn, Mr Obama has praised Mr Brzezinski as "someone I have learned
      an immense amount from" and "one of our most outstanding scholars and
      thinkers".

      They share very similar views on the folly of the Iraq war.

      Robert Malley, a Middle East expert, recently quit as an Obama adviser
      after it emerged that he was talking to Hamas, the militant Palestinian
      group, as part of his work for the International Crisis Group.

      Senator John McCain, who would be Mr Obama's Republican opponent for the
      White House, is expected to focus on the 46-year-old senator's lack of
      foreign policy experience and supposed weakness towards enemies.

      But as president, he will need the support of Aipac and other groups,
      which may be hard to achieve given his associations.

      In Mr Brzezinski’s view, whoever is the next US leader must persuasively
      propose the following dramatic steps to peace: a) Palestinians give up
      the right of return from Jordan b) demilitarise of the Palestinian state
      c) Israel share Jerusalem d) Israel return to its pre-1967 war borders
      with “equitable adjustments”.

      If this agenda is pursued, in time “Israel and Palestine could be the
      Singapore of the Middle East and that is in the interests of the US”, he
      said.

      (3) Another Stimulus Package for the Pentagon - War Abroad, Poverty at
      Home, by Paul Craig Roberts

      Date: Fri, 30 May 2008 23:50:57 -0400 (EDT) From: IHR News <
      news@...>

      Paul Craig Roberts

      http://www.counterpunch.org/roberts05232008.html

      Another Stimulus Package for the Pentagon
      War Abroad, Poverty at Home

      By PAUL CRAIG ROBERTS

      The US Senate has voted $165 billion to fund Bush’s wars of aggression
      against Afghanistan and Iraq through next spring.

      As the US is broke and deep in debt, every one of the $165 billion
      dollars will have to be borrowed. American consumers are also broke and
      deep in debt. Their zero saving rate means every one of the $165 billion
      dollars will have to be borrowed from foreigners.

      The “world’s only superpower” is so broke it can’t even finance its own
      wars.

      Each additional dollar that the irresponsible Bush Regime has to solicit
      from foreigners puts more downward pressure on the dollar’s value.
      During the eight wasted and extravagant years of the Bush Regime, the
      once mighty US dollar has lost about 60% of its value against the euro.

      The dollar has lost even more of its value against gold and oil.

      Before Bush began his wars of aggression, oil was $25 a barrel. Today it
      is $130 a barrel. Some of this rise may result from run-away speculation
      in the futures market. However, the main cause is the eroding value of
      the dollar. Oil is real, and unlike paper dollars is limited in supply.
      With US massive trade and budget deficits, the outpouring of dollar
      obligations mounts, thus driving down the value of the dollar.

      Each time the dollar price of oil rises, the US trade deficit rises,
      requiring more foreign financing of US energy use. Bush has managed to
      drive the US oil import bill up from $106 billion in 2006 to
      approximately $500 billion 18 months later--every dollar of which has to
      be financed by foreigners.

      Without foreign money, the US “superpower” cannot finance its imports or
      its government’s operation.

      When the oil price rises, Americans, who are increasingly poor, cannot
      pay their winter heating bills. Thus, the Senate’s military spending
      bill contains more heating subsidies for America’s growing legion of
      poor people.

      The rising price of energy drives up the price of producing and
      transporting all goods, but American incomes are not rising except for
      the extremely rich.

      The disappearing value of the US dollar, which pushes up oil prices and
      raises the trade deficit, then pushes up heating subsidies and raises
      the budget deficit.

      If oil was the reason Bush invaded Iraq, the plan obviously backfired.
      Oil not merely doubled or tripled in price but quintupled.

      America’s political leaders either have no awareness that Bush’s wars
      are destroying our country’s economic position and permanently lowering
      the living standards of Americans or they do not care. McCain says he
      can win the war in Iraq in five more years and in the meantime
      “challenge” Russia and China. Hillary says she will “obliterate” Iran.
      Obama can’t make up his mind if he is for war or against it.

      The Bush Regime’s inability to pay the bills it is piling up for
      Americans means that future US governments will cut promised benefits
      and further impoverish the people. Over a year ago The Nation reported
      that the Bush Regime is shedding veteran costs by attributing
      consequences of serious war wounds to “personality disorders” in order
      to deny soldiers promised benefits.

      Previous presidents reduced promised Social Security benefits by taxing
      the benefits (a tax on a tax) and by rigging the cost of living
      adjustment to understate inflation. Future presidents will have to seize
      private pensions in order to make minimal Social Security payments.

      Currently the desperate Bush Regime is trying to cut Medicaid health
      care for the poor and disabled.

      The Republican Party is willing to fund war, but sees everything else as
      an extravagance. The neoconized war party is destroying the economic
      prospects of American citizens. Is “war abroad and poverty at home” the
      Republican campaign slogan for the November election?

      Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan
      administration. He was Associate Editor of the Wall Street Journal
      editorial page and Contributing Editor of National Review. He is
      coauthor of The Tyranny of Good Intentions.He can be reached at:
      PaulCraigRoberts@...

      (4) US Recession impacting on Asia

      From: "Sino Economics" <
      sino.economics@...> Date: Sat, 31 May
      2008 00:26:45 -0700

      Inflation Asia's biggest concern: think tank

      Fri May 30, 12:39 AM ET

      http://news.yahoo.com/s/afp/20080530/bs_afp/asiaeconomyinflationgrowthpecc_0
      80530043920;_ylt=AgKHnLrv_e9x6lfBqaexQxamOrgF

      SINGAPORE (AFP) - Soaring energy and food prices will help push the Asia
      Pacific inflation rate to a forecast 3.6 percent this year from 2.7
      percent last year, a regional think-tank said Friday.

      At the same time, growth is tipped to slow to 3.7 percent from 4.9
      percent in 2007, the Pacific Economic Cooperation Council (PECC) said.

      It said inflation is the biggest worry for the region at a time of
      slowing growth in the United States, the world's largest economy and a
      major market for the region's export-reliant economies.

      "While the slowdown in growth weighs heavily on policymakers' minds, it
      is the spectre of inflation that is causing the biggest headaches," PECC
      said in its latest outlook for the region.

      "Combined together, there is very little room for monetary stimuli," it
      said in the forecast for 16 Asia Pacific economies including the United
      States, Japan and China.

      Consumers are paying more for food and petrol throughout the region.

      The pain is particularly acute in Indonesia and China, the report said.
      Inflation in Indonesia is projected at 11.7 percent this year, nearly
      twice that of 6.6 percent in 2007 while in China, it is seen at 6.0
      percent compared with 4.8 percent last year, it said.

      For Southeast Asia as a whole, overall inflation in 2008 is projected at
      6.2 percent, up from 3.2 percent last year, said PECC.

      "Even with appreciating currencies, Asia Pacific economies are starting
      to feel the pinch of higher energy and commodity prices," said Yuen Pau
      Woo, coordinator of the PECC report.

      "The recent spike in food prices has not helped. Indeed, it has
      exacerbated the adverse impact on vulnerable groups who spend a high
      proportion of their incomes on rice and other staples," he said.

      The slowing US economy, which some economists say is already in a
      recession, is the key reason behind the downward growth revisions for
      the Asia Pacific region, said PECC.

      Most of Asia is expected to feel the impact of the US slowdown with
      China's economic growth seen weakening to 9.6 percent this year from
      11.4 percent last year. In Japan, 2008 growth is projected at 1.6
      percent from 2.1 percent in 2007, said PECC.

      Real gross domestic product growth in the United States is tipped to
      slow to 1.0 percent this year from 2.2 percent but is expected to bounce
      back in 2009 with expansion of 2.5 percent, it said.

      "The revision to our forecast comes from increased pessimism about the
      health of the US economy, which is forecast to grow at only 1.0 percent
      this year," PECC said.

      "The knock-on effects of the slowdown in the US economy and the turmoil
      in financial markets are seen in downward revisions for growth in most
      Asia Pacific economies," it said.

      PECC is a partnership of business, government, and academics serving as
      a regional forum for cooperation and policy coordination.

      (5) Big Drug companies face lower profits as patent expiry allows more
      generic medicines

      Forwarded from: Dr. Mercola <
      jm@...> Date: 31 May 2008 00:49:43
      -0500

      The Beginning of the End for Big Drugmakers? Good news -- analysts
      predict what will happen to the drug industry for the first time in history.

      The Beginning of the End for Big Drugmakers?

      Some of the world’s biggest drug companies, including GlaxoSmithKline
      and AstraZeneca, are facing their worst crisis in decades. Shrinking
      drug pipelines, increased competition from generics and a slew of patent
      expirations are putting them in financial danger.

      “For the first time in history, the industry will have negative growth
      in 2011,” says Alexis de Rosnay, global co-head of health care at Lehman
      Brothers.

      Richard Girling, global co-head of health care at Merrill Lynch, says:
      “The problem is not so much the size of companies but the concentration
      and reliance on single products. This has been exacerbated by a lack of
      innovation over the years.”

      In the United States alone, drugs worth more than $62 billion in 2006
      sales are due to go off patent between 2008 and 2012, which means rival
      companies will be able to produce generic versions of the same drugs.

      Drug companies have acknowledged that radical changes in research and
      development are needed in order for the industry to reinvent itself.

      Sources:     * FT.com May 7, 2008

      (6) Physicist Claims First Real Demonstration of Cold Fusion

      From: "Max" <
      Max@...> Date: Wed, 28 May 2008 08:29:46 +0700

      Physicist Claims First Real Demonstration of Cold Fusion

      by Lisa Zyga

      http://www.physorg.com/news131101595.html

      On May 22 researchers at Osaka University presented the first
      demonstration of cold fusion since an unsuccessful attempt in 1989 that
      has clouded the field to this day.

      To many people, cold fusion sounds too good to be true. The idea is
      that, by creating nuclear fusion at room temperature, researchers can
      generate a nearly unlimited source of power that uses water as fuel and
      produces almost zero waste. Essentially, cold fusion would make oil
      obsolete.

      However, many experts debate whether money should be spent on cold
      fusion research or applied to more realistic alternative energy
      solutions. For decades, researchers around the world have been simply
      trying to show that cold fusion is indeed possible, but they´ve yet to
      take that important first step.

      Now, esteemed Physics Professor Yoshiaki Arata of Osaka University in
      Japan claims to have made the first successful demonstration of cold
      fusion. Last Thursday, May 22, Arata and his colleague Yue-Chang Zhang
      of Shianghai Jiotong University presented the cold fusion demonstration
      to 60 onlookers, including other physicists, as well as reporters from
      six major newspapers and two TV studios. If Arata and Zhang´s
      demonstration is real, it could lead to a future of new, clean, and
      cheap energy generation.

      In their experiment, the physicists forced deuterium gas into a cell
      containing a mixture of palladium and zirconium oxide, which absorbed
      the deuterium to produce a dense "pynco" deuterium. In this dense state,
      the deuterium nuclei from different atoms were so close together that
      they fused to produce helium nuclei.

      Evidence for the occurrence of this fusion came from measuring the
      temperature inside the cell. When Arata first injected the deuterium
      gas, the temperature rose to about 70° C (158° F), which Arata explained
      was due to nuclear and chemical reactions. When he turned the gas off,
      the temperature inside the cell remained warmer than the cell wall for
      50 hours, which Arata said was an effect of nuclear fusion.

      While Arata´s demonstration looked promising to his audience, the real
      test is still to come: duplication. Many scientists and others are now
      recalling the infamous 1989 demonstration by Martin Fleischmann and
      Stanley Pons, who claimed to produce controlled nuclear fusion in a
      glass jar at room temperature. However, no one - including Fleischmann
      and Pons - could duplicate the experiment, leading many people to
      consider cold fusion a pseudoscience to this day.

      But one witness at the recent demonstration, physicist Akito Takahashi
      of Osaka University, thought that the experiment should be able to be
      repeated.

      "Arata and Zhang demonstrated very successfully the generation of
      continuous excess energy [heat] from ZrO2-nano-Pd sample powders under
      D2 gas charging and generation of helium-4," Takahashi told New Energy
      Times. "The demonstrated live data looked just like data they reported
      in their published papers [J. High Temp. Soc. Jpn, Feb. and March
      issues, 2008]. This demonstration showed that the method is highly
      reproducible."

      --
      Peter Myers, 381 Goodwood Rd, Childers 4660, Australia ph +61 7 41262296
      http://users.cyberone.com.au/myers  Mirror:
      http://mailstar.net/index.html 
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