"Vultures' Picnic" - Greg Palast (video)

Wisdom Quarterly

On April 20, 2010, British Petroleum's Deepwater Horizon exploded in the Gulf of Mexico, killing 11 men and spilling countless barrels of crude oil into the sea.

Days later a confidential cable from a terrified insider arrived on investigative reporter Greg Palast's desk. He had the real, hushed-up facts of the disaster -- facts that can only be found buried in the files of a Central Asian dictatorship.

Vultures' Picnic charts the course of Palast's quest to bring the truth of the BP disaster to light as he and his team of journalist-detectives go from the streets of Baku, where Palast searches for a brown valise full of... More



(KnewWorldNoing) Libya a victim of the giant US investment bank Goldman Sachs? The bank is being investigated for its part in the financial crisis. It lost a billion dollar investment made by Libya three years ago.

"Global Recession is Easing" (Geithner)

LINK: Reuters.com

July 14, 2009 - U.S. treasury secretary Timothy Geithner says aggressive efforts to counter a global financial crisis are starting to work. In a press conference in Saudi Arabia, Geithner said the global economy faced severe challenges but sounded a reassuring note about future prospects.

"The force of the global recession is receding," Geithner said. "For the first time in several quarters, the IMF (International Monetary Fund) and a range of private analysts are starting to revise up their forecasts for growth in the second half of this year and next."

Geithner, who arrived in Saudi Arabia overnight from London, is aiming to reassure Gulf Arab states that the United States wants their investments and that their U.S. dollar assets are safe.