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The Path of Life
Guidebook: A Spirit, Mind, and Body Journal
By Pamela
Sanders Ellis. OD, PhD |
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Palin stepping down as Alaska governor
WASHINGTON (CNN) -- Gov. Sarah Palin announced Friday that she
will step down as Alaska's chief executive by the end of the month. She
will not seek election to a second gubernatorial term in 2010.
Zakaria: Iran is a 'naked dictatorship'
NEW YORK (CNN) -- Three leading Iranian reformists who have
rejected the results of last month's election questioned the legitimacy
of President Mahmoud Ahmadinejad's government Wednesday.
Report: UK embassy staff in Iran to face trial
TEHRAN, Iran (CNN) -- A top Iranian cleric
said Friday some of the arrested employees from the British Embassy in
Tehran would be put on trial, Iranian Students News Agency reported.
Israel sends sub through Suez Canal
Move seen as possible signal to Iran;
Dolphin-class sub participates in naval maneuvers off Eilat coast.
UN chief presses Suu Kyi release Ban Ki-moon meets Myanamr
military government leaders over political prisoners.
China invests $14.7 billion in clinics
BEIJING: China's central
government will spend 100 billion yuan (US$14.7 billion) for equipment
and building constructions for nearly 10,000 grassroots medical
institutions by 2011, according to the Ministry of Health Friday. |
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When UN Secretary-General Ban Ki Moon meets the
military dictatorship in Burma today he will have the whole world with
him.
Matt Taibbi On "How Goldman Sachs Has Engineered Every Major Market
Manipulation Since The Great Depression"
The first thing you need to
know about Goldman Sachs is that it's everywhere. The world's most
powerful investment bank is a great vampire squid wrapped around the
face of humanity, relentlessly jamming its blood funnel into anything
that smells like money.
Filing: Cheney Swayed Reaction
Document offers evidence former vice president was at center of response
to Valerie Plame leak.
US casualties in Afghan offensive
Troops push deeper into Taliban stronghold as massive assault enters
second day.
Gaza girl killed in border clash
A 17-year-old Palestinian girl has been killed in
Gaza by Israeli fire in a clash with Palestinian militants near the
border.
26 troops martyred in copter crash in Orakzai Agency
PESHAWAR: Twenty-six army
troops were martyred when a cargo helicopter of Pak Army crashed in
Orakzai Agency on Friday.
Troops Encounter Resistance
Recession Hits Shopping Malls |
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Hamas' Political Impasse: Between Principal and Necessity
By Ramzy Baroud
Much can be said to explain, or even justify
Hamas' recent political concessions, where its top leaders in Gaza and
Damascus agreed in principle with a political settlement on the basis of
the two-state solution.
Unemployment Hits 26-Year High
With job market still in terrible shape, other
signs of progress in the economy are undermined.
MK Tibi slams Attias, saying minister's remarks
"border on violating the law against incitement to racism."
N Korea fires series of missiles
Short-range missiles launched from east coast,
according to South Korean news agency.
Rawalpindi blast kills one, injures 29
RAWALPINDI: At least a man
was killed and 29 others were injured, when a powerful explosion
occurred in Chauhar Chowk of Rawalpindi, Geo News reported Thursday.
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WIMBLEDON, England, July 2 -- Their semifinal
opponents couldn't have made for a greater contrast, but Venus and
Serena Williams advanced to Wimbledon's final for a second consecutive
year -- and fourth time overall -- on Thursday.
Many Religious Figures Critical Of Iran Election Results: Cleric
In Iran, Ayatollah Jalaledin Taheri, the former
Friday Prayers leader in the city of Isfahan, recently described the
reelection of Iran's President Mahmud Ahmadinejad as "illegitimate" and
"tyrannical." In recent days, a number of other Iranian clerics have
stepped up to criticize the official election result and the ensuing
crackdown on peaceful protesters.
G8 Summit talks likely to turn to dollar
China would like to see a diversification of the
international currency system in the future and believes it would be
"normal" if the issue came up at the Group of Eight summit. |
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Pro-Israel Lobby Alarmed by Growth of Boycott, Divestment Movement
By Art Young
The movement to call Israel to account for its
crimes against the Palestinian people is growing, it is "invading the
mainstream discourse, becoming part of the constant and unrelenting
drumbeat against Israel."
Iran 'frees more British staff'
Three more British embassy staff are released by
the Iranian authorities, state-run media reports.
Iran 'disqualifies' EU from talks
The EU is no longer qualified to take part in
talks on Iran's nuclear programme, says the country's army chief.
U.S. Human Rights Activists Urge Action Against Tehran
Hundreds of human rights activists, intellectuals,
civil society leaders, opposition political activists, students, and
journalists have been arbitrarily detained in Iran since the disputed
June 12 presidential election. An unknown but substantial number have
also been killed and injured.
Honduran coup leaders tighten grip
Police given expanded powers against opponents of
military-backed interim government.
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Zimbabwe gets $950m loan from China
Tsvangirai hails credit as "overwhelming success" in bid to revive
economy.
Visiting Obama ally meets Netanyahu, says 22 Arab
states pressed toward normalized relations; PM calls ties with US
'unbreakable' at July 4 reception.
'Israel recklessly used arms in Gaza'
Some 200 of men under age 50 who were killed in
Cast Lead were unarmed civilians, Amnesty says.
Military offensive continues in Malakand Division
MALAKAND: The Rah-e-Rast
military operation against militants is continued in Malakand Division
while the relaxation in curfew from morning to early evening in some
parts of Swat and Lower Dir has been announced on Thursday.
Sanford Resists Pressure to Quit
Political fate shifts after admission of
encounters with women in addition to Argentine mistress.
NTSB: Repairs Preceded Crash
Metro replaced a signaling component in train
tracks five days before last week's deadly incident.
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Israel intercepts boat with ex-Rep. McKinney
JERUSALEM (CNN) -- The Israeli navy took
control of a boat that violated an Israeli blockade and crossed into
Gazan waters Tuesday, the Israel Defense Forces said, while a Gaza group
said the ship was carrying humanitarian aid, a former U.S. congresswoman
and a Nobel laureate.
Israel blamed over drone attacks
US forces pull out of Iraqi cities |
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Michael Jackson public viewing set for Friday
LOS ANGELES, California (CNN) -- Michael
Jackson's body will be taken to his Neverland Ranch on Thursday morning
for a public viewing Friday, a law enforcement source said Tuesday.
UN assembly condemns Honduras coup
General assembly wants Zelaya reinstated but coup
leaders refuse to back down.
US Democrats get key senate seat
Delayed election result could help
Barack Obama push through his agenda in congress.
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Deaths in China train collision
Two trains collide in central China,
killing at least three and injuring more than 60.
Woman dies after being turned away from hospitals
Johannesburg,
SA - A woman died after being hit by a car in Sandown, Johannesburg,
on Monday morning and then being turned away by two state hospitals,
officials said.
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Egypt arrests Brotherhood leaders
Egyptian authorities
have detained seven members of the Muslim Brotherhood, Egypt's largest
Islamic opposition group.
J'lem blasts Red Cross for report
Israel rejects as "scandalous" a highly critical
report on the situation in the Gaza Strip.
US double checks on steel concern Beijing
BEIJING: China's Ministry of Commerce said in a
statement Monday that the Chinese government is shocked and "gravely
concerned" about the frequency and direction with which US probe into
Chinese steel products.
Supreme Court Rules for White Firefighters
Madoff Sentenced to 150 Years
Coup Leaders Vow to Remain |
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Mona
Eltahawy
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The Sounds of Silence on Iran
By
Mona
Eltahawy
The Arabs are quiet, but their silence is surely
tempered with discomfort. The demographics of most Arab nations mirror
those of Iran: The majority of Arabs are young. It's likely that many
young Arabs watching thousands of Iranians demanding to be heard, Arabs
who are suffocating under dictators of their own, thought, "That's me." |
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Funeral for Farrah Fawcett set for Tuesday
LOS ANGELES, California (CNN) -- A private
funeral service for actress Farrah Fawcett will be conducted Tuesday
afternoon at the Cathedral of Our Lady of the Angels in downtown Los
Angeles, California, according to her publicist. |
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Honduran Congress names new president
TEGUCIGALPA, Honduras (CNN) -- Hours after
the sitting president was deposed by a military-led coup, a new
president of Honduras was sworn in Sunday.
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Palestine: Harnessing the Drum Major Instinct
By Anna Brown
On February 4th, 1968, just about a month before
he was assassinated, Dr. Martin Luther King, Jr. delivered his “Drum
Major Instinct” sermon from the pulpit of Ebeneezer Baptist Church in
Atlanta, Georgia. The “drum major instinct,” according to King, is the
desire for “recognition, importance, and attention.”
Honduras president decries 'brutal kidnapping'
TEGUCIGALPA, Honduras (CNN) -- Honduran
President Jose Manuel Zelaya said he awoke to gunfire in his home and
was still in his pajamas when the military forced him to leave the
country Sunday.
Honduras president condemns 'plot'
Manuel Zelaya urges "peaceful resistance" after being
forced into exile by the military.
Axelrod: Ahmadinejad not in charge of Iranian foreign policy
Top Obama adviser calls Iranian criticism of US
politically-motivated "bloviations;" Rice: Goal is preventing Teheren
from developing nuclear bomb.
War on terror in last phase: PM
LAHORE: Prime Minister
Syed Yousuf Raza Gilani Sunday said the whole nation has come to a
consensus conclusion that this is time for the final decision, not for
the negotiations with the extremists, adding the rule of constitution
would be established in the country.
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Mark Musselwhite: Former Georgia Mayor Arrested For Nudity
The Republican was elected to the Gainesville City
Council in 2000, where he served for six years, including a stint as
mayor. He lost a bid for a state
Senate
seat
in 2006.
North Korea warns Japan over spying
Pyongyang accuses Japan of conducting aerial
espionage near its northeast coast.
Iranian police 'beat protesters'
New demonstration held in Tehran as Britain demands
its embassy staff be released.
If It Is Time For Regime Changes In The Middle East, Where Should We
Begin?
As the world mourns and celebrates the symbol of
Iran’s resistance against oppression, Neda, the attractive young
casualty of confrontation between the demonstrators and the security
police, many more Nedas shall be slain in the streets and alleys, from
Gaza to Bogota and Mogadishu to Beijing, all casualties of lust for
power and greed by those who always find justifications for whatever
they do to secure their own interests.
Political Unrest Flares in Iran
Thousands demonstrate silently in Tehran
Brazil Rallies to Win Confederations Cup, 3-2
Swiss bust child pornography ring
Iran 'must free UK embassy staff' |
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Costa Rica Provides
Legal Protection for Ms. Kater
Alajuela, C.R. The Penal
Marriage Tribunal of San Ramon denied the United States petition for
extraditing Ms. Nicole Elise Kater and ordered her resealed immediately.
No deportation for Polish
born Ewelina
Good news for eleven-year-old
Ewelina Bledniak. The Polish born Ewelina will not be deported to Poland
to reapply for legal status. Such deportation would have separated her
from her parents who have legal status; her father is a naturalized U.S.
citizen and her mother is a legal resident.
Will the same process afforded
to the Polish born Ewelina apply to Hispanic born Ewelinas?
DC Metro driver hailed as 'hero'
"She saved lives," said Metro General Manager John
Catoe at a memorial service Friday for Jeanice McMillan.
Search ends for Air France dead
Brazil ends the search for bodies from the crashed
Air France jet, but the hunt for the black boxes goes on.
Egypt reopens crossing into Gaza
Egypt temporarily reopens its Rafah crossing with Gaza, allowing
about 400 Palestinians to leave the blockaded territory.
 US
'considers indefinite detention'
LRA accused of DR Congo massacre
N Ireland loyalists give up arms
Will Obama become Russia's disappointment of the century during his
visit to Moscow? |
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SULLIVANS ISLAND, S.C. — South Carolina first lady Jenny Sanford sat
in her oceanfront living room Friday, recalling how her husband
repeatedly asked permission to visit his lover in the months after she
discovered his affair.
US appoints envoy to Muslim world
Farah Pandith to engage Muslims as special
representative to Muslim communities.
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Opposition Cutoff
Iranian authorities shut down opposition leader
Mousavi's Web site in latest effort to solidify power |
Russia makes subtle entrance to Africa while Washington busy with wars
Russia’s Dmitry Medvedev started his visit to
Africa on June 24. Medvedev will travel to Nigeria, Namibia and Angola.
Moscow is ready to help the African countries in the development of
their natural resources –
oil, gas and
uranium - despite the economic crisis.
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White House Drafts Executive Order To Allow Indefinite Detention Of
Terror Suspects Such an order would
embrace claims by former president George W. Bush that certain people
can be detained without trial for long periods under the laws of war.
House Passes Climate Bill
Ambitious bill sets limits on greenhouse gases,
creates cap-and-trade system for emission permits.
Coroner: No Sign of Foul Play
Autopsy performed on Michael Jackson reveals no
sign of trauma; investigation eyes medications.
Call to execute 'rioters' in Iran
Warning sounded in Friday sermon as Guardian
Council calls vote "healthiest" since 1979.
Triple blow for South African consumers
Consumers suffered a triple whammy this week,
with stiff increases in electricity tariffs, a petrol-price hike and no
interest-rate cut. |
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5 defendants plead no contest in 'Jena Six' case
(CNN) -- Five of the six black high school
students charged with attempted murder in 2006 for allegedly beating a
white classmate pleaded no contest in a Louisiana court Friday, closing
the book on a racially charged case.
Hardline Regimes Censor Iran
China, Cuba, Burma, Venezuela block news of
Iranian protests, fearing activism may spread.
G8, Quartet demand settlement freeze
Foreign ministers call on officials in Jerusalem
and in the Palestinian Authority to return to negotiations.
Obama rejects Iran apology call
US president rejects demand by Tehran that he
apologise for condemning crackdown.
Hariri gathers backing for PM vote
March 14 leader meets Hezbollah rival before
parliament meets to choose prime minister.
Blatter: Confederations Cup a success
Violence taking heavy toll on Somalia
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Tell the President and our leaders in Congress to stand up to the
noisy anti-immigrant lobby and show us a real Road Map to Reform:
http://www.AmericasVoiceOnline.org/RoadMap
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Israeli Firms Accused of Profiting from Holocaust
By Jonathan Cook -
Nazareth
Israel's second largest bank will be forced to defend itself in court in
the coming weeks over claims it is withholding tens of millions of
dollars in 'lost' accounts belonging to Jews who died in the Nazi death
camps.
US Governor met lover on taxpayer-funded trip
E-mails between Sanford, lover revealed
Late goal from Alves puts Brazil in final
Daniel Alves scored from a
free kick two minutes from time to give Brazil a hard-earned 1-0 win
over hosts South Africa on Thursday.
Bernanke defends Fed on bank deal
Escort: Berlusconi Cannot Deny Our
Encounter
Specter Backs
Public Health Care Option
Honduran armed forces boss sacked
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Iranian Opposition Calls For Rallies Online Despite Crackdown
Web sites are still calling for a rally Thursday
in Tehran, despite the government's ongoing crackdown that has included
arrests of university professors, journalists and ordinary citizens.
Reports from the opposition say nearly two-thirds of Iranian lawmakers
and Parliament Speaker Ali Larijani did not attend a victory dinner
party hosted by President Ahmadinejad late Wednesday.
US sends weapons to Somalia
Report comes as al-Shabaab fighters amputate limbs
of alleged thieves in Mogadishu.
Hamas rejects 'Jewish state' demand
Palestinian group's chief backs two-state solution
and hails Obama's "new language."
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David Bromwich, 06.24.2009
Professor of Literature at
Yale
All vicarious politics is sick -- the more eager,
excited, and fraternal, the more prone to self-deception.
S.C. governor admits to being unfaithful to wife
(CNN) -- South Carolina Gov. Mark Sanford,
just back from a secret trip to Argentina unknown to his staff or his
wife, admitted Wednesday he has carried on an extramarital affair.
Baghdad market blast kills 62
BAGHDAD: At least 62 people
were killed by a bomb in a crowded market in Baghdad's sprawling slum
neighborhood of Sadr City on Wednesday, less than a week before US
troops must pull out of Iraq's cities.
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U.S. Men's Soccer Shocks Spain
Jozy Altidore scores opening goal in U.S.'s win
over top-ranked Spanish team, which had been tied for world's
longest winning streak.
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Israeli Left Fails at Logic
By
Belén Fernández
In a June 24 article on the Haaretz website
entitled 'Leave the settlers there,' opinion writer Yair Sheleg condemns
the Israeli left for comparing Jewish settlers to Hamas.
D.C. Metro track control circuit had 'anomaly'
WASHINGTON (CNN) -- Transportation
investigators said Wednesday that they have discovered an "anomaly" in a
control circuit of a track where a crash between two Washington subway
trains killed nine people.
Analysis: Obama's settlement focus handcuffing negotiations
If the US wants to get negotiations started, its
policy is proving counterproductive.
US and Venezuela to restore ties
Envoys to return to Caracas and Washington after
last year's tit-for-tat expulsions.
Sudan to execute US envoy killers
Four Sudanese men to be hanged for killing a US
government official and his driver.
Fed Keeps Key Rate Unchanged
China rejects US, EU export complaints
Kim puts son as head of spy agency
Iran protesters in 'bloody clashes' with riot police
Iranians Killed and Detained Since June 12
Zuma: Motlanthe to lead fight against
poverty
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We 'Dirty Arabs' Have Had Enough
By Joharah Baker – Jerusalem
What unwritten law is out there that allows
Israelis to sling racist insults at Palestinians with impunity? After
all my years in this country and the absurdities that come along with
it, this is one absurdity I still find hard to digest.
IPESHAWAR/WANA: About 80 people, including a
senior commander of the Baitullah Mehsud-led militants, Khwaz Wali
Mehsud, were killed and several others sustained injuries in two
separate attacks by US spy planes on a suspected militant hideout and
funeral prayers at Lattaka village of Ladha tehsil in South Waziristan
Agency on Tuesday, private TV channels reported.
Nine Crash Victims Identified by Officials
Train Car in Rear-End Accident Was Overdue for Brake Work
Iran Establishes Special Court to Try Protesters
Citing Cooperation, Madoff Lawyers Seek Leniency
Fading of Dollar's Dominance |
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Iran Will Not Annul Election Results
Iran's Guardian Council has ruled out annulling
the disputed June 12 presidential election. Opposition supporters are
also calling for a general strike, Tuesday. Mr. Mousavi's Facebook Web
page says that his supporters are "working on a general strike plan."
Iran sets date for Ahmadinejad to take oath of office
TEHRAN: After
winning a landslide victory in Iran's closely-contested and disputed
10th presidential election, Mahmoud Ahmadinejad will be sworn in before
parliament between July 26 and August 19.
Railway line blown up in Mastung
Russia plans Middle East summit
China urges caution on DPRK ship check
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Long on Rhetoric, Short on Memory
- By Jim Miles
Iran is about as democratic as most Middle East
countries are. While they do have an autocratic Supreme Ruler based on
an Islamic model, their elections demonstrate the passions of the people
and their beliefs. Iran is not perfect and does sink into the atrocities
of arresting and abusing its own citizens. The current election by most
accounts was delivered fairly with pre-election polls from accepted
international sources indicating that Ahmadinejad would win with an
impressive two to one majority. Official government reports indicate
this is what happened.
Metro Red Line Trains Crash, Killing Four
Emergency workers work
to extricate injured passengers after rush-hour collision of two trains
results in deadliest accident in Metro's history.
Al-Qaeda commander threatens US
Group to use Pakistan's nuclear weapons if it
gains access, Afghanistan-based leader says.
Canada to consider settlements suit
Palestinians sue two Canadian companies they say
are aiding settlement construction.
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Iran Cracks Down on Protesters
Supervisory body says
voting irregularities were not sufficient to alter the election's
outcome.
'Voice of the Iranian revolution'
The
grisly murder of a 16-year-old protester named
Neda
at a
demonstration in Teheran on Saturday was captured by at least two
different cameras and posted on the popular video-sharing Web site,
YouTube.
Poll: Less Optimism on Stimulus
Expectations for
Obama's plan have diminished, with just half of Americans confident it
will help.
Israeli man murdered in Costa Rica
According to one report, the man, Itai Shechter Elias, was shot to death
after a group of robbers broke into the hotel where he was saying with
his brother.
SEE LA NACION.
Abbas Orders Hamas Prisoner Release
Israeli Poll: Obama Pro-Palestinian
Iranian Elections: The 'Stolen Elections' Hoax
Letter from Tehran: To live or to just be alive, that's the question
US back dictators, says President Zardari |
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End of the Line for the Rulers of
Iran
By
Byron A. Ellis –
June 21,
2009
The
rulers of Iran had three choices acquiesce to a new election, suppress
the demonstrator with violence, or negotiate an amicable solution to the
crisis. The two former choices were opposite extremes of the spectrum;
the latter choice was the most optimal. It would have allowed the rulers
to not reveal their ruthlessness.
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Recessions, Why do they occur?
By
Byron A. Ellis -
June 19,
2009
The effectiveness of the
economy and financial institutions depend on the ability of the Federal
Reserve to use monetary and credit policies in pursuit of maximum
employment, stable prices, and moderate long-term interest rates, as
well as supervising and regulating banking institutions to ensure the
safety and soundness of the nation's banking and financial system and to
protect the credit rights of consumers.
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The Justice System is Inherently
Bias
By
Byron A. Ellis –
June 17,
2009
Two
Pennsylvania white teens, Brandon Piekarsky, 17, and Derrick Donchak,
19, were sentenced to 6 to 23 months and 7 to 23 months, respectively,
for the beating death of 25-year-old Luis Ramirez, a Mexican.
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US Actions in Nicaragua Speak Louder
than Words
By
Byron A. Ellis –
June 15, 2009
It is
interesting to observe how the United States government uses assistance
funds to mold behaviors in Central America. According to
La
Nacion,
the US, this week, stopped poverty funding of $62 million dollars to
Nicaragua. The funds were allocated to assist in social projects and to
combat poverty. In contrast, the US treatment of military funds to
allies in the Middle East would never be cut due to disagreements. It
is, however, this unequal treatment between social and military funding
that creates uneasiness and mistrust of US foreign policies.
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Higher Crude Oil Prices will
destabilize the Economy
By
Byron A. Ellis – June 11, 2008
Big
oil, after a period of low profile, has once again embarked on the
process of destabilizing the world economy. Big Oil has increased the
price of gasoline by over a dollar in less than a month. And, the Obama
administration has yet to react to their brazen reallocation of the
income of hard working Americans.
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Chrysler and Product Liability
Plaintiffs
By
Byron A. Ellis – June 10, 2009
If
automaker Chrysler expects to emerge with a potential customer base from
bankruptcy it must address product liability lawsuits. Most consumers
would not patronize an automaker that refuses to address consumer
injuries that resulted from its defective products.
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Jews do no have a Monopoly on
Suffering
By
Byron A. Ellis – June 05, 2008
According to
The Jerusalem Post,
Ministers and MKs on the right are outraged by President Obama’s
comparison of the Palestinian suffering with suffering endured by Jews.
This type of reaction by some Jews is a fundamental obstacle to peace in
the Middle East; it is a belief that Jews have suffered the most in the
entire world and because of this belief they are entitled to oppress
other with impunity.
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Latinos or Hispanicos an Amalgam of
Cultures
Byron
A. Ellis – May 29,
2009
Many
Americans failed to understand the term Latinos or Hispanicos. The term
Latinos or Hispanicos identifies individual from Spanish speaking Latin
American countries. These individuals are natives to the continent,
mestizos, Africans, Asians, Anglos, Musulmanes, and others cultures.
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Management is about Effectiveness:
Not Race, Gender, or Ethnicity
By
Byron A. Ellis – May 23, 2009
It is
interesting, and somewhat amusing, to read the comments by some
Americans regarding the appointment of General Charles Bolden to head
NASA. General Bolden is a retired Marine, an astronaut with four space
flights, two of which he commanded. And, after the Challenger accident,
he was named chief of the safety division at the Johnson Space Center
and was responsible for overseeing the safety of return flights.
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Cheney’s Motivation: Pure
Self-Interest
By
Byron A. Ellis – May 22, 2009
Since the time of Adam,
language has been used as a deceptive and polarizing tool. According to
the Bible, Satan used it to deceived Adam and Eve and as a wedge between
them and God. The serpent, which represents Satan, told Eve that if she
ate from the tree of knowledge she would be like God.
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Let the Market determine the Optimal
Number of U.S. Car Dealership
By
Byron A. Ellis – May 20, 2009
Reducing Chrysler and General Motors' car dealerships will not help the
car makers or American car buyers. In fact, closing dealership will
reduce competition and increase offer prices for Chrysler and General
Motors vehicles.
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Did the Fed Fail to Properly Manage
the Money Supply?
By
Byron A. Ellis – May 18, 2009
The
public does not have a good understanding of how money is created, or
its effect on the economy. Money is a commodity of exchange used to
purchase goods and services. The Federal Reserve creates money by
printing it and banks thorough lending. Bank money creation is
extinguished when loans are paid off.
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Expedient Transparency: Withholding
of the Photos
By
Byron A. Ellis – May 15, 2009
The
proclamation of government transparency is hollow, if governments are
only transparent when it is expedient. Releasing photos depicting
abhorrent treatment of the detainees in U.S. custody would demonstrate
transparency and signal a shift from the bushism.
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Q & A Session - Pamela Sanders
Ellis, O.D., Ph.D., Author
New Book Release:
The Path of Life Guidebook
– Spring 2009
The Path of Life
Guidebook is a
general interest book in that anyone who would like to know a direction,
that when taken, will result in a healthy, successful, and satisfying
life, will consider this an important “must read” on their list.
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Crude Oil Speculators
By
Byron A. Ellis – May 06, 2009
It is
time for President Obama to let the crude oil industry know that a
return to speculative crude oil prices is not in the nation’s best
interest. The price of gasoline has been steadily inching upwards in the
absence of supply pressures.
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Christ: Tortured and Crucified
Byron
A. Ellis – May 01,
2009
The
findings of the Pew Research Center survey indicated that more than half
of people who attend services at least once a week, 54%, believe that
the use of torture against suspected terrorists is "often" or
"sometimes" justified. The findings are not surprising. Rather, it
reveals the misunderstanding of many churchgoers; they failed to
understand the teachings of Christ, who was also tortured and crucified.
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Nuclear Iran is not Israel’s
Problem, Nuclear Al Qaida is
Byron
A. Ellis – April
24, 2009
Israel’s focus on Iran’s nuclear pursuit is misplaced; they should be
focusing on the rise of the Taliban in nuclear Pakistan. Nuclear
Taliban/Al Qaida is a far more ominous threat than nuclear Iran could
ever be.
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Money Creation
Byron
A. Ellis – April
06, 2009
Money is created in two
ways from borrowing and spending and from printing by a central bank. In
the past decade, the private sector has created most money through
borrowing and spending. As a result some have astutely argued {Benson
(2004), Money created “Out of thin air”} that private sector
new borrowing will not be able to create enough new money to service the
already massive level of old debt. Nonetheless, the banking system as a
whole can expand its loans and investments as new reserve of cash is
created.
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Oil Industry: Catalyst to the
Economic Crisis
Byron
A. Ellis – March
25, 2009
It has
been erroneously argued that sub prime mortgages caused the current
economic crisis. Failure of sub prime mortgages was only the first
symptom and a bellwether that should have alerted policy makers of an
impending income crisis. |
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Tight Monetary Policy Constrains
Income
Byron
A. Ellis – March
07, 2009
The
Federal Reserve (Fed) controls the nominal quantity of money. Thus,
given low inflation and a combination of interest rates and levels of
income that clears the goods market, an increase in the nominal supply
of money would increase output and employment. |
|
Can the Anti-Defamation League
(ADL) Reelect Obama?
Byron
A. Ellis – March
05, 2009
During the 2008 presidential
election candidate Obama received 95% of Black votes, 67% of Hispanics,
and 43% of whites. The amount of Jewish votes was insignificant. Obama,
however, has decided to ignore the voting statistics and
boycott the next session of
the United Nations’ World Conference on Racism because Jews lobbied
against it.
|
|
The Stimulus is Necessary to Create
Employment
Byron
A. Ellis – February 27, 2009
The
Federal Reserve (Fed) is responsible for stabilizing prices, reducing
financial and output volatility, and ensuring maximum employment. Thus
far, however, monetary policy has not worked. Moreover, lowering
interest rate close to zero may have created a "liquidity trap;” a
situation in which the public is prepared to hold any amount of money at
a given interest rate. Some economists believe that whenever there is a
liquidity trap monetary policy implemented through open market operation
does not affect interest rate or the level of income. |
