headlines
US Holds $50 Billion of Iraq’s Financial Reserves Hostage
The Independent of London reports the United States is holding hostage some $50 billion of Iraq’s money in the Federal Reserve Bank of New York to pressure the Iraqi government into signing an agreement to prolong the US occupation indefinitely. Patrick Cockburn reports the Federal Reserve continues to hold Iraq’s financial reserves as a legacy of the international sanctions against Saddam Hussein. US negotiators are threatening to remove tens of billions of dollars of Iraq’s money to settle outstanding court judgments dating back to the 1980s unless Iraq accepts the highly controversial military deal. The deal would allow the US to permanently keep more than fifty military bases in Iraq. American forces would also be able to continue to carry out arrests of Iraqi citizens and conduct military campaigns without consultation with the Iraqi government. American soldiers and contractors will enjoy legal immunity.
Senate Report: Bush Deliberately Distorted Pre-War Intelligence
In other Iraq news, a newly released Senate report has concluded President George Bush and his top policymakers deliberately distorted Saddam Hussein’s links to al-Qaeda and ignored doubts among intelligence agencies about Iraq’s arms programs as they made a case for war. Sen. John Rockefeller, the chair of the Senate Intelligence Committee said the report shows the administration “led the nation to war on false premises.”
American Households Lose $1.7 Trillion in First Quarter
In economic news, a new report has revealed nearly ten percent of American mortgages were past due or in foreclosure at the end of March. During the first quarter of the year, homeowners lost their homes at a record rate. The Mortgage Bankers Association said nearly 450,000 loans fell into foreclosure between January and March. Nearly three million other homeowners are now behind on their monthly payments. Meanwhile, the amount of equity people have in their homes has fallen to the lowest level on record. Overall American households saw their net worth decline by $1.7 trillion in the first quarter of the year.
D.C. Police Set Up Neighborhood Checkpoints
The Washington Examiner reports police in Washington, D.C. plan to begin sealing off entire neighborhoods, setting up checkpoints and kicking out strangers, under a new program to combat violence. Under a directive issued by Police Chief Cathy Lanier, officers will stop cars at the checkpoints, record all license plate numbers and ask drivers why they are visiting the neighborhood. The directive allows officers to turn away anyone who does not have a legitimate reason for entering the neighborhood. Motorists who resist answering questions from police officers will be arrested for failure to obey an officer. D.C. Councilman Harry Thomas said he is worried Washington, D.C. is “moving towards a police state."
.......
These are incredible things that the US is getting away with. The police state has come home while we inslave and continue imperialist take overs of other whole countries and their economy while stealing their resources. This is nothing new, but when is it going to be too much for the public.
Minneapolios is right now holding a democracy and media reform conference. There are 3,000 people there. These issues need to be clearly reported and widely so people even realize that they are real. I attended the opening speeches and am very exited about the possibilities of change- let's just hope fascism hasn't taken it's full toll in the US.
Labels: federal reserve, iraq, police state, war, washington d.c.


