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Sunday, October 9, 2011

Eurasian Project a Threat to New World Order

Elena Ponomareva

One might be tempted to regard Russian premier V. Putin's paper “A new integration project for Eurasia: The future in the making”, which saw the light of day in Izvestia on October 3, 2011, as the presidential front-runner's sketchily laid out program, but upon scrutiny that appears to be only one part of a wider picture. The opinion piece momentarily ignited wide-scale controversy in and outside of Russia and highlighted the ongoing clash of positions on global development…

Regardless of interpretation details, the reaction of the Western media to the integration project unveiled by the Russian premier was uniformly negative and reflected with utmost clarity an a priori hostility towards Russia and any initiatives it floats. Mao Zedong, though, used to say that facing pressure from your enemies is better than being in such a condition that they do not bother to keep you under pressure.

11 Facts You Need to Know about U.S. Biggest Banks

From: Center for American Progress Action Fund 
Pat Garofalo

The Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the country. The choice of Wall Street as the focal point for the protests — as even Federal Reserve Chairman Ben Bernanke said — makes sense due to the big bank malfeasance that led to the Great Recession.

While the Dodd-Frank financial reform law did a lot to ensure that a repeat of the 2008 financial crisis won’t occur — through regulation of derivatives, a new consumer protection agency, and new powers for the government to dismantle failing banks — the biggest banks still have a firm grip on the financial system, even more so than before the 2008 financial crisis. Here are eleven facts that you need to know about the nation’s biggest banks:

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