The LaRouche Plan
The Basement Project
"Every hospital closure means deaths!" declared Belhaven, No. Carolina, Mayor Adam O'Neal as he began his 273-mile walk to Washington, D.C. where he will put his demands to Congress. Upon his arrival in D.C., Monday, July 28, he will spearhead a Capitol Hill rally to demand an end to closure of rural area Critical Access Hospitals (CAH) and an expansion of Medicaid.
The New York Times ran a column by Floyd Norris on July 25 in its Business Section entitled "The Muddled Case of Argentine Bonds." The significance of the article is that the author exposes that, lo and behold!
Nikolaus von Bomhard, head of the world's largest re-insurance group, Munich Re, told journalists in Munich on Wednesday that the central banks' monetary policy will lead to another global financial crisis. Bomhard's remarks were featured in the German financial paper Handelsblatt.
As the WTO began a two-day meeting in Geneva Thursday, India's government made the final decision not to sign the trade protocol which the Empire has desperately tried to ram through, giving the WTO dictatorial powers to limit grain subsidies to a nation's farmers and food supplies to the poor. Since the WTO works on consensus, the program is essentially dead.
Fearing even worse "offers" under the bankruptcy plan imposed on Detroit, general municipal retirees have voted to accept 4.5-percent cuts to their pension payments, as well as an end to all cost-of-living raises. Retired firefighters and police officers would see no cuts in their monthly pensions checks, but could expect smaller-than-expected cost-of-living raises...
Breaking from profile, Darrell Issa, chairman of the House Oversight and Government Reform Committee, has decided to investigate the "litigation policy" of the Obama Department of Justice "with respect to large financial institutions accused of illegality and fraud."
Lyndon LaRouche welcomed the bipartisan vote in the House of Representatives on Friday to pass House Concurrent Resolution 105, stating that this vote means other things are now possible. ...
Several Argentine economists are discussing the fact that, should Argentina default, this will not mean the end of the world. Quite the contrary.
"It's the vultures who are isolated, from an international standpoint," said anti-IMF economist Aldo Ferrer. "Their only friends are some extreme right-wing Republican legislators and some other [allies] who reside in Argentina."
Panic is spreading in Wall Street, particularly among municipal-bond-holding mutual funds, as depression-wracked Puerto Rico verges on the brink of default on its public debt, which totals $73 billion...