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Boris Berezovsky accused of lying in court in Abramovich case

Abramovich lawyers say Berezovsky gave contradictory and untrue evidence in support of his multi-billion damages claim The Russian oligarch Boris Berezovsky faced repeated accusations in the high court that he had given untrue and contradictory evidence in his multi-billion damages claim against Roman Abramovich. Berezovsky is suing the owner of Chelsea football club for more than $5bn (£3.2bn). He claims that Abramovich “betrayed” him after Berezovsky fell out with the Kremlin and fled to Britain in 2000, forcing him to sell his share in the Russian oil company Sibneft for a knockdown price. Berezovsky told the court how he, Abramovich and the Georgian businessman Badri Patarkatsishvili created Sibneft in 1995, against the backdrop of Russia’s infamous “loans for shares” privatisation programme. He insisted that there had been an agreement under which Abramovich would own half the company and in effect manage it, while he and Patarkatsishvili owned the other half. Giving evidence for the first time, Berezovsky conceded that from early 1994 he became one of Russia’s most politically influential oligarchs. He had a “good relationship” with President Boris Yeltsin’s powerful daughter Tatyana, as well as with other members of Yeltsin’s inner circle, and was the first businessman to join the president’s exclusive Moscow tennis club. But Berezovsky said the main reason for his influence with the Kremlin was his superior “intellectual capacity”. He described Abramovich scathingly as “not a person of the first level” and said he was not talented enough to succeed in business on his own. “To get leverage you need to be smart …He [Abramovich] wasn’t,” Berezovsky said bluntly, conceding in written evidence that Abramovich was instead “very charming”. However, Abramovich’s star lawyer, Jonathan Sumption QC, accused Berezovsky of inconsistencies. Berezovsky had publicly denied he was a Sibneft shareholder only to claim in 2001, once he had left Russia, that he and Patarkatsishvili actually owned half, the court heard. The barrister said the oligarch had lied when he sued Forbes magazine for libel in 2001. In that case he had denied influencing Yeltsin through his daughter – something, Sumption said, Berezovsky now admitted. “Why did you deny it and then sign a statement of truth in support of your denial?” he asked. Speaking in English, and visibly flustered, Berezovsky answered: “It’s a good question.” The packed court erupted in laughter. The judge, Mrs Justice Gloster, appeared unimpressed, chipping in: “Well, could you answer it please.” Berezovsky said his lawyers had prepared the document, and he had not paid too much attention to it. Abramovich, who was in court, listened to the proceedings via a Russian translation, intently, occasionally rubbing his face. Berezovsky asserts that Abramovich held his interest in Sibneft for him in trust, even though officially he was never a shareholder. Abramovich – who is still close to Russia’s prime minister, Vladimir Putin – eventually gave him a $1.3bn pay-off. Berezovsky maintains this was a gross undervaluation for what his interest in the oil company was actually worth. Abramovich sold Sibneft to Gazprom in 2005. Berezovsky said he agreed with Sumption’s description of Russia in the 1990s as the “wild east”. The oligarch admitted that corruption was widespread, but said that he personally “wasn’t corrupt”. But he said that under Yeltsin Russia was significantly less corrupt than today under Putin’s authoritarian leadership, which scored 10 out of 10 for corruption compared with Yeltsin’s “3 or 4″ out of 10. Berezovsky that his main priority had been to secure Yeltsin’s re-election as president in 1996 against the spectre of a communist comeback during closely fought elections. He said he had used his lobbying skills to ensure Sibneft won an auction for two Siberian oil companies as a way of raising money. His real goal, though, he said, was to support his loss-making ORT TV station, a crucial tool in Yeltsin’s faltering re-election campaign. The case is scheduled to last two months. Boris Berezovsky Roman Abramovich Russia Luke Harding guardian.co.uk

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Boris Berezovsky accused of lying in court in Abramovich case

Abramovich lawyers say Berezovsky gave contradictory and untrue evidence in support of his multi-billion damages claim The Russian oligarch Boris Berezovsky faced repeated accusations in the high court that he had given untrue and contradictory evidence in his multi-billion damages claim against Roman Abramovich. Berezovsky is suing the owner of Chelsea football club for more than $5bn (£3.2bn). He claims that Abramovich “betrayed” him after Berezovsky fell out with the Kremlin and fled to Britain in 2000, forcing him to sell his share in the Russian oil company Sibneft for a knockdown price. Berezovsky told the court how he, Abramovich and the Georgian businessman Badri Patarkatsishvili created Sibneft in 1995, against the backdrop of Russia’s infamous “loans for shares” privatisation programme. He insisted that there had been an agreement under which Abramovich would own half the company and in effect manage it, while he and Patarkatsishvili owned the other half. Giving evidence for the first time, Berezovsky conceded that from early 1994 he became one of Russia’s most politically influential oligarchs. He had a “good relationship” with President Boris Yeltsin’s powerful daughter Tatyana, as well as with other members of Yeltsin’s inner circle, and was the first businessman to join the president’s exclusive Moscow tennis club. But Berezovsky said the main reason for his influence with the Kremlin was his superior “intellectual capacity”. He described Abramovich scathingly as “not a person of the first level” and said he was not talented enough to succeed in business on his own. “To get leverage you need to be smart …He [Abramovich] wasn’t,” Berezovsky said bluntly, conceding in written evidence that Abramovich was instead “very charming”. However, Abramovich’s star lawyer, Jonathan Sumption QC, accused Berezovsky of inconsistencies. Berezovsky had publicly denied he was a Sibneft shareholder only to claim in 2001, once he had left Russia, that he and Patarkatsishvili actually owned half, the court heard. The barrister said the oligarch had lied when he sued Forbes magazine for libel in 2001. In that case he had denied influencing Yeltsin through his daughter – something, Sumption said, Berezovsky now admitted. “Why did you deny it and then sign a statement of truth in support of your denial?” he asked. Speaking in English, and visibly flustered, Berezovsky answered: “It’s a good question.” The packed court erupted in laughter. The judge, Mrs Justice Gloster, appeared unimpressed, chipping in: “Well, could you answer it please.” Berezovsky said his lawyers had prepared the document, and he had not paid too much attention to it. Abramovich, who was in court, listened to the proceedings via a Russian translation, intently, occasionally rubbing his face. Berezovsky asserts that Abramovich held his interest in Sibneft for him in trust, even though officially he was never a shareholder. Abramovich – who is still close to Russia’s prime minister, Vladimir Putin – eventually gave him a $1.3bn pay-off. Berezovsky maintains this was a gross undervaluation for what his interest in the oil company was actually worth. Abramovich sold Sibneft to Gazprom in 2005. Berezovsky said he agreed with Sumption’s description of Russia in the 1990s as the “wild east”. The oligarch admitted that corruption was widespread, but said that he personally “wasn’t corrupt”. But he said that under Yeltsin Russia was significantly less corrupt than today under Putin’s authoritarian leadership, which scored 10 out of 10 for corruption compared with Yeltsin’s “3 or 4″ out of 10. Berezovsky that his main priority had been to secure Yeltsin’s re-election as president in 1996 against the spectre of a communist comeback during closely fought elections. He said he had used his lobbying skills to ensure Sibneft won an auction for two Siberian oil companies as a way of raising money. His real goal, though, he said, was to support his loss-making ORT TV station, a crucial tool in Yeltsin’s faltering re-election campaign. The case is scheduled to last two months. Boris Berezovsky Roman Abramovich Russia Luke Harding guardian.co.uk

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Boris Berezovsky accused of lying in court in Abramovich case

Abramovich lawyers say Berezovsky gave contradictory and untrue evidence in support of his multi-billion damages claim The Russian oligarch Boris Berezovsky faced repeated accusations in the high court that he had given untrue and contradictory evidence in his multi-billion damages claim against Roman Abramovich. Berezovsky is suing the owner of Chelsea football club for more than $5bn (£3.2bn). He claims that Abramovich “betrayed” him after Berezovsky fell out with the Kremlin and fled to Britain in 2000, forcing him to sell his share in the Russian oil company Sibneft for a knockdown price. Berezovsky told the court how he, Abramovich and the Georgian businessman Badri Patarkatsishvili created Sibneft in 1995, against the backdrop of Russia’s infamous “loans for shares” privatisation programme. He insisted that there had been an agreement under which Abramovich would own half the company and in effect manage it, while he and Patarkatsishvili owned the other half. Giving evidence for the first time, Berezovsky conceded that from early 1994 he became one of Russia’s most politically influential oligarchs. He had a “good relationship” with President Boris Yeltsin’s powerful daughter Tatyana, as well as with other members of Yeltsin’s inner circle, and was the first businessman to join the president’s exclusive Moscow tennis club. But Berezovsky said the main reason for his influence with the Kremlin was his superior “intellectual capacity”. He described Abramovich scathingly as “not a person of the first level” and said he was not talented enough to succeed in business on his own. “To get leverage you need to be smart …He [Abramovich] wasn’t,” Berezovsky said bluntly, conceding in written evidence that Abramovich was instead “very charming”. However, Abramovich’s star lawyer, Jonathan Sumption QC, accused Berezovsky of inconsistencies. Berezovsky had publicly denied he was a Sibneft shareholder only to claim in 2001, once he had left Russia, that he and Patarkatsishvili actually owned half, the court heard. The barrister said the oligarch had lied when he sued Forbes magazine for libel in 2001. In that case he had denied influencing Yeltsin through his daughter – something, Sumption said, Berezovsky now admitted. “Why did you deny it and then sign a statement of truth in support of your denial?” he asked. Speaking in English, and visibly flustered, Berezovsky answered: “It’s a good question.” The packed court erupted in laughter. The judge, Mrs Justice Gloster, appeared unimpressed, chipping in: “Well, could you answer it please.” Berezovsky said his lawyers had prepared the document, and he had not paid too much attention to it. Abramovich, who was in court, listened to the proceedings via a Russian translation, intently, occasionally rubbing his face. Berezovsky asserts that Abramovich held his interest in Sibneft for him in trust, even though officially he was never a shareholder. Abramovich – who is still close to Russia’s prime minister, Vladimir Putin – eventually gave him a $1.3bn pay-off. Berezovsky maintains this was a gross undervaluation for what his interest in the oil company was actually worth. Abramovich sold Sibneft to Gazprom in 2005. Berezovsky said he agreed with Sumption’s description of Russia in the 1990s as the “wild east”. The oligarch admitted that corruption was widespread, but said that he personally “wasn’t corrupt”. But he said that under Yeltsin Russia was significantly less corrupt than today under Putin’s authoritarian leadership, which scored 10 out of 10 for corruption compared with Yeltsin’s “3 or 4″ out of 10. Berezovsky that his main priority had been to secure Yeltsin’s re-election as president in 1996 against the spectre of a communist comeback during closely fought elections. He said he had used his lobbying skills to ensure Sibneft won an auction for two Siberian oil companies as a way of raising money. His real goal, though, he said, was to support his loss-making ORT TV station, a crucial tool in Yeltsin’s faltering re-election campaign. The case is scheduled to last two months. Boris Berezovsky Roman Abramovich Russia Luke Harding guardian.co.uk

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Alabama Harvests the Bitter Fruit of Its Harsh New Immigration Laws: Tomatoes Dying On the Vine

Click here to view this media [Video via WJHG ] It’s not like they weren’t warned. There was already the example of Arizona, whose wrecked economy lies in ruins in the wake of SB1070 and the wave of anti-immigrant sentiment that came with its passage. People warned Alabamans that if they went ahead and passed their own version of anti-immigrant legislation, they would suffer similar economic consequences. But they did it anyway. Now, the state’s anti-immigration laws — which involve using schoolchildren as proxies for enforcement — are easily the most draconian and vicious anti-immigrant laws in the country. And guess what? They are now paying the price. Not only are the schools suddenly emptying of Latino children, more tellingly, the state’s tomato farmers are in crisis because there’s no one available to harvest the fruit. And the authors of the legislation are just telling them, “tough luck”: STEELE, Ala. — A sponsor of Alabama’s tough new immigration law told desperate tomato farmers Monday that he won’t change the law, even though they told him that their crops are rotting in the field and they are at risk of losing their farms. Republican state Sen. Scott Beason of Gardendale met with about 50 growers, workers, brokers and business people Monday at a tomato packing shed on Chandler Mountain in northeast Alabama. They complained that the new law, which went into effect Thursday, scared off many of their migrant workers at harvest time. “The tomatoes are rotting on the vine, and there is very little we can do,” said Chad Smith, who farms tomatoes with his uncle, father and brother. “My position is to stay with the law as it is,” Beason told the farmers. Beason helped write and sponsor a law the Legislature enacted in June to crack down on illegal immigration. It copied portions of laws enacted in Arizona, Georgia and other states, including allowing police to detain people indefinitely if they don’t have legal status. Beason and other proponents said the law would help free up jobs for Alabamians in a state suffering through 9.9 percent unemployment. The farmers said the some of their workers may have been in the country illegally, but they were the only ones willing to do the work. “This law will be in effect this entire growing season,” Beason told the farmers. He said he would talk to his congressman about the need for a federal temporary worker program that would help the farmers next season. “There won’t be no next growing season,” farmer Wayne Smith said. “Does America know how much this is going to affect them? They’ll find out when they go to the grocery store. Prices on produce will double,” he said. Good question. No doubt these good Republicans will find a way to blame it on President Obama. This is where the rubber hits the road when it comes to conservative ideology, just as it does when Randian fantasy meets reality — which is to say, it quickly comes apart. The right-wing nativists want to pretend that undocumented immigrants are taking away jobs that Americans want to be doing, but the reality is they are largely filling unskilled-labor positions that involve back-breaking work — the kind of work Americans simply are incapable of performing nowadays, regardless of pay. Another report on the crisis in Alabama delves this point: From 11Alive in Atlanta : CHANDLER MOUNTAIN, Ala.– Chad Smith’s family grows tomatoes on a mountaintop in rural northeast Alabama, and ships them from to Canada. The summer’s crop has been good. But Smith sees thousands of overripe tomatoes rotting alongside his vines, and sees only trouble. “As of right now, we could lose probably fifty percent of what we have left for the year,” Smith said. That, said Smith, is because of a stiff shortage of field hands, traditionally Hispanic migrant workers. And Smith doesn’t sugar-coat their status. “Farmers across the whole country and every state (rely) on illegal immigration workers to do this kind of work,” Smith said, “because that’s the only people that’s willing to do it.” Like Georgia, this year Alabama enacted a tough new immigration law designed to squeeze out people working and living illegally in the US. By the time Smith’s crop started ripening in July, he says most of his usual workers had disappeared. Chad Smith says he’s tried local workers. “It ain’t about the money, it’s about the work physically. If a person can’t do the work, they can’t do it no matter how much you pay them,” Smith said. “As of next year, if nothing changes, there won’t be a tomato grown here.” It appears that many of the Alabama workers are fleeing to Florida, which has more sane immigration statutes on the books. Click here to view this media Meanwhile, the farmers have been trying to talk sense into state officials, but to no avail : “Give us hope, give us something,” said farmer Jeremy Calvert, who served as moderator at the meeting. “We feed more people than ever before. We have to have a labor force. There are no machines to pick fresh tomatoes or cucumbers. We use Hispanic labor because we have to. We’re caught between a rock and a hard place.” Calvert’s words were repeated often concerning the largely Hispanic workforce that harvests the state’s and nation’s crops. Keith Smith, a Gold Ridge area farmer who helped organize the event, said the labor issue extends beyond the agriculture community. He said other industries rely heavily on Hispanic labor because of necessity. As the farmer in the video above observes: FARMER: I was at a meeting at the Greenbriar restaurant in Huntsville several weeks ago, and there were several senators and legislators there … Some of them spoke and said where were we at when this law was being debated. They heard from 80 percent of the people that said they were in favor of this law. Well, there’s a fundamental problem with that. Eighty percent of the people that’s for this law doesn’t understand that the 1 percent of us feeds the United States. Our voice is small because we are small. ,,, But we have to have a labor force. This is all very reminiscent of what’s happened when there have been previous outbreaks of xenophobic hysteria. One prime example of this occurred during World War II, when an even more intense outbreak of hysteria in the wake of the attack on Pearl Harbor led Americans to incarcerate 120,000 Japanese Americans in various internment camps. As it happened, Japanese Americans provided a substantial portion of the nation’s fresh produce supply, particularly on the West Coast, but also in the Midwest. And when we shipped them off to concentration camps, we lost all that production — even though the nativists who ardently pushed for the evacuation had dismissed this concern beforehand. I explored this in some detail in my book Strawberry Days: How Internment Destroyed a Japanese American Community . The question first was raised when the idea of removing all Japanese Americans to the interior was being debated by the public: The removal would not be without problems, warned some. “Approximately 95 percent of the vegetables grown here are raised by the Japanese,” noted J.R. Davidson, market master for the Pike Place Public Market in Seattle, where Eastside Japanese sold many of their goods. “About 35 percent of the sellers in the market are Japanese. Many white persons are leaving the produce business to take defense jobs, which are not open to the Japanese.” Letter writers to the local newspapers raised the same concern. Their fears were quickly derided. Wrote Charlotte Drysdale of Seattle in a letter to the Post-Intelligencer: It has been interesting to note how many contributors have been afraid we would have no garden truck if the Japs are sent to concentration areas. We had gardens long before the Japs were imported about the turn of the century, to work for a very low wage (a move for which we are still paying dearly) and we can still have them after we have no Japs. Isn’t that discounting American ability just a little too low? These concerns were raised during the congressional hearings that preceded the internment episode too: Floyd Oles, a spokesman for the Washington Produce Shippers’ Association, warned the committee that the state’s vegetable and fruit production would suffer if the Japanese were evacuated and urged the members to reconsider. He was told that plans were already being formed for replacement farmers to take over the operation of the Japanese farms. And he was questioned about his business connections with Japanese produce cooperatives, including Bellevue’s. The result was anything but pretty: The day after Bellevue’s Japanese residents were loaded aboard the train for evacuation, the May 21 edition of the local weekly, the Bellevue American, noted their departure with a front-page story headlined, “Bellevue Japanese are Evacuated Wednesday — Sent to California.” On the same page was a smaller item headlined, “No Strawberry Festival This Year.” The story put a wartime face on the reasons presented for ending the city’s main summer attraction, a 16-year tradition: “With the rationing of gasoline, all agreed that the Festival would have to be abandoned this year. Other reasons given were: the shortage of sugar, conservation of tires, avoidance of large crowds and the war effort that is keeping so many busy.” A simpler explanation, of course, was that 90 percent of Bellevue’s agricultural workforce — the people who provided the Strawberry Festival with strawberries — was riding a train to Pinedale, Calif. That loss became painfully obvious in the next week’s paper. A front-page headline read: “200 Workers Needed Now to Care for Crops in Overlake Area.” The Japanese farmers, under threat of law, had maintained their crops through the spring. At the time they were evacuated, the lettuce crop was ready for harvest, peas were a week or two away, and strawberries were red and ready for plucking. Tomatoes and the second crop of lettuce were due for harvest by the end of July. Western Farm and Produce Inc., which had stepped in as the wartime substitute for the Japanese, received a Farm Service Administration loan the day of the evacuation for $32,107, mostly to cover the costs it incurred in purchasing the remaining crops, and equipment to grow and harvest them, from the 33 lease farmers who had signed agreements. The company also set up operations at the Midlake warehouse the Japanese growers owned. But it quickly became apparent that the company was going to have trouble raising enough labor to work the fields. H.C. Van Valkenburgh, the lawyer who formed the company and managed it, pleaded for help through the story in the American. “Labor is the biggest immediate problem because of the highly perishable nature of these crops, which are maturing rapidly,” the story reported. “The pay is much higher than in normal times, and many of the good people who are helping with such fine spirit, consider the money as secondary to the national need of preserving these foods. “Most of these foods are going to the armed forces, according to Van Valkenburgh, who pointed out that a carload of cauliflower has just been shipped to men in Alaska, and another carload of lettuce has just been shipped to Chicago for the armed forces.” Van Valkenburgh told the reporter he needed 100 workers immediately for picking strawberries and another 100 to care for other crops. A week later, Van Valkenburgh still needed 100 workers for the strawberry harvest. The following week’s story in the American made no mention of the other crops, but simply appealed for labor. “ ‘We much prefer to employ local help,’ said Mr. Van Valkenburgh Wednesday night. ‘Local help proves more reliable, transportation difficulties are avoided, the number of workers can be regulated, there is more interest aiding a local industry, workers can be trained into steady year-around jobs — and, of course, we would much prefer to keep the money here.’ “ ‘Consequently, we are making an urgent appeal to all who want to aid in harvesting and caring for these crops to notify us at once, so that we can organize our labor. If insufficient local labor is available, we can get the workers from Seattle, but we want to know how many to send for.’ ” Actually, the ready labor pool in Seattle was not merely short; it was practically nonexistent. Local Filipinos were already in place on Bainbridge Island farms, and the larger White River land tracts were also sapping the usual workforce. Few white farmers would touch the small Japanese tracts, and other laborers were signing up to join the war effort, which had the advantages of better pay and considerably greater glory. Berry pickers were paid by the carry — a wooden tray that held a large number of smaller berry crates, which meant that the fastest pickers were paid the most. The company also hired tomato planters and weeders, who were paid 50 cents an hour. Truck drivers to haul the goods were paid the best: $1 an hour. But Western Farm and Produce lost a large portion of the strawberry crop to wet weather conditions, so returns on its first harvest were a considerable disappointment. Soon, it was cutting back its operations. Confusion soon set in, especially as the Japanese leasees began to settle into the camps. In most cases, the farmers had reached agreement with Western Farm to continue paying them through the harvest, so they could in turn make their lease payments to the landowners. A few had been released of their lease obligations altogether, and so the company itself became responsible for paying the rent. But Western Farm fell down on both accounts. First, it began receiving letters of complaint from the landowners who had released the Japanese from their leases, demanding rent for the land the company was working. The company paid up for a few months in some cases — it contested others — and then quit paying altogether after the summer. Then the Japanese internees, with War Relocation Authority officials backing them, began demanding their unpaid rent. In some cases, the company made partial payments, but even those ended after 1942. And, with only a handful of workers available for the harvest, it became clear that Van Valkenburgh’s grand scheme to become “the successor to the Bellevue Vegetable Growers Association,” as Western Farm and Produce Inc.’s letterhead suggested, was a money-losing proposition, and the operation quickly dried up. The crops were abandoned. The company kept hiring tomato planters and weeders through July, but there is no indication that either the tomatoes or the second lettuce crop were ever harvested. When the Nisei came back three and four years later, it was obvious that only a fraction of the crops they had planted were harvested. The farms had lain fallow since they had left. And the Strawberry Festival, that great gathering in tiny Bellevue of thousands of people from all walks of life and from all around the Puget Sound, was gone forever. Similarly, you have to wonder what will happen now to Alabama’s tomato-farming industry. Once it gets blown away like this, it may take years to recover — if it ever does.

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Greedy Wall Street Protestor gets his anti-Jewish on

Please enjoy some of the tolerance and reason so typical of the authoritarian intellectuals as one of their finest ambassadors berates a man for being Jewish. Like our mamma always told us, “Crack is whack, yo.” Broadcasting platform : YouTube Source : I Hate The Media Discovery Date : 04/10/2011 21:40 Number of articles : 4

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Greedy Wall Street Protestor gets his anti-Jewish on

Please enjoy some of the tolerance and reason so typical of the authoritarian intellectuals as one of their finest ambassadors berates a man for being Jewish. Like our mamma always told us, “Crack is whack, yo.” Broadcasting platform : YouTube Source : I Hate The Media Discovery Date : 04/10/2011 21:40 Number of articles : 4

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Gaddafi’s last stronghold, the city of Sirte, becomes Libya’s final battle

Libya’s revolution now rests on this one key city but its besieged residents are paying a high price for liberation The hotel does not even have a name. It was finished but never opened because of the outbreak of the Libyan revolution earlier this year. These days it serves as one of the bases of the revolutionary forces attempting to take Sirte from some of the last loyalists of the Gaddafi regime. The stairs to the seventh floor roof terrace are spotted with blood. The large windows, with views on to the Mediterranean and the beach below, have been blown out by sniper fire. From the roof terrace itself, where a spotter surveys the sniper positions from behind sandbags to call in tank fire, the besieged coastal city is visible below. To one side the highway that runs alongside the sea is empty, save for the armed trucks of the forces of Libya’s new government. On this, the east side of the city, the fighters are largely from the east – from Benghazi and cities like Bayda. Straight ahead, however, is a collection of buildings near the Ibn Sana hospital – two miles (3km) away – which has become the target of the tanks, rocket launchers and anti-aircraft guns of Libya’s revolutionaries, lined up on the low sandy ridge that overlooks the town. On Thursday a pall of white smoke hung across this district as shells exploded every few minutes, and people in the hotel warned of a sniper firing from the minaret of a mosque 500 metres away from the hotel. “We want to get this thing finished quickly,” said a young bearded fighter standing by the wrecked lifts. “We had a plan to try and open the road to the hospital to evacuate civilians, but there were too many snipers. Yesterday we tried many times to open the road.” It is a reflection of the nature of Libya’s last battle. The new government has said it will announce full liberation when Sirte is taken , even though a second town – Bani Walid – has also yet to fall. But it is on the fall of Sirte that all expectations have been pegged. The battle is a ramshackle affair. On the west side of the city, where the katibas [rebels] from Misrata launch almost daily attempts to take the Gaddafi stronghold of the Ougadougou conference centre, the fighters gathered for an impromptu breakfast outside a little field hospital. On Thursday they had poured in behind three tanks only to be driven back by missiles. On the east side of Sirte, reached via a dirt road that skirts the city, the forces appear more organised. In the morning, a group met at a roundabout on the outskirts of the city, close to where a tank was pounding the buildings below. A burst of bullets came across the roundabout, sending the men scuttling for cover. “Yesterday the Gaddafi forces come up to the roundabout with an anti-aircraft gun and fired at us,” said Salam Farjani, 37, who came to Sirte from Bayda. There were no civilians around at this time; Farjani explained that they try to leave early in the morning and at dusk, when it is safer. “The ones who are left are the ones who have no petrol for their cars,” he said. “And the Gaddafi fighters in the town are just fighting for their survival. Salay Abiydi leads us up to an unfinished house overlooking the city. “See the buildings behind the hospital? Most of Gaddafi’s military is there. They have surrounded them with truck containers filled with sand. We have their radio frequency.” There is no water, electricity or petrol. People who come out of Sirte – including deserters – say everything is very expensive. Even a cigarette lighter costs four dollars. “When we see deserters, sometimes they try to come out with their families, but we find a pistol or papers saying who they are. They know it is finished. The last deserter that we had was a week ago from Gaddafi’s tribe,” said Abiydi. And while many have fled or are trying to flee the bombardment of Sirte, not all of those who want to will be able to get out before the government forces launch their long-threatened final assault. “We don’t expect to evacuate all of the city,” said Saleh Jabou, commander of one of the revolutionary katibas, the Lions of the Wadi. “We will still attack and that will be in a few days. We have people still trying to negotiate, but Gaddafi’s people – if they reply – say just give us more time.” The latest heavy fighting in Sirte came as the Red Cross said it was communicating with both sides but struggling to deliver aid because of the danger of operating in the city. “We barely manage to drive in,” said Dibeh Fakr, at a field hospital in a mosque on the outskirts of the city. “We deliver the items and get out, because the security situation is so bad and we can be targeted and may be caught in the shooting.” The battle for Sirte has come at a high cost for civilians. They are trapped, with dwindling supplies of food and water and no proper medical facilities to treat the wounded. Many residents are members of Gaddafi’s own tribe and those fleeing the city blamed the death and destruction on the forces of the new government, and the Nato alliance, whose warplanes have been flying sorties over the city. Hajj Abdullah, in his late 50s, was at a Red Cross post on the edge of Sirte where food was being handed out, explaining he had just escaped the city. “My 11-year-old died from the Nato rockets … I buried him where he died,” he told Reuters, “because it was too dangerous to go to the cemetery. There are random strikes in the city. People are dying in their houses.” Muammar Gaddafi Libya Middle East Africa Arab and Middle East unrest Peter Beaumont guardian.co.uk

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Britain in grip of worst ever financial crisis, Bank of England governor fears

£75bn more quantitative easing announced by Sir Mervyn King to boost demand in economy Sir Mervyn King expressed fears that Britain is in the grip of the world’s worst ever financial crisis after the Bank of England announced it was injecting £75bn into the ailing economy. The Bank’s governor said the UK was suffering from a 1930s-style shortage of money and needed a second dose of quantitative easing to boost demand and prevent inflation falling too low. Shares rose strongly in the City, posting a rise of almost 200 points, after Threadneedle Street responded to growing evidence of a looming double-dip recession and the deepening crisis in the eurozone with a four-month programme of electronic money creation. Dismissing concerns that the action risked adding to inflationary pressure, King said Britain was now facing a different problem from the days when too much money flowing round the economy pushed up the annual cost of living. “There is not enough money. That may seem unfamiliar to people.” he told Sky News. “But that’s because this is the most serious financial crisis at least since the 1930s, if not ever.” George Osborne agreed to King’s request to be able to expand the asset purchase scheme under which the Bank buys government bonds from commercial banks. The chancellor said further steps would be taken to boost growth in his autumn statement next month. “Given evidence of continued impairment in the flow of credit to some parts of the real economy, notably small and medium-sized businesses, the Treasury is exploring further policy options,” Osborne said in a letter to the governor. “Such interventions should complement the monetary policy committee’s [MPC] asset purchases.” Britain’s first dose of quantitative easing, also known as QE1, was in 2009/10, with £200bn being injected into the economy. Labour said the launch of QE2 was an admission that the government’s economic policy had failed. Ed Balls, the shadow chancellor, said: “With our economy stagnated since last autumn David Cameron and George Osborne are now betting on a bailout from the Bank of England. The government’s reckless policy of cutting spending and raising taxes too far and too fast is demonstrably not working. But rather than change course the government has spent the last week urging the Bank of England to step in and essentially print more money.” Some in the City were caught unawares by the scale and the timing of the Bank’s move. Last month, only one of the nine members of the MPC, Adam Posen, voted for more QE, but the mood has changed in response to poor domestic news and concerns that Europe’s sovereign debt crisis risks a repeat of the mayhem three years ago following the bankruptcy of the US investment bank Lehman Brothers. “The pace of global expansion has slackened, especially in the United Kingdom’s main export markets,” the MPC said in a statement explaining its decision. “Vulnerabilities associated with the indebtedness of some euro-area sovereigns and banks have resulted in severe strains in bank funding markets and financial markets more generally. These tensions in the world economy threaten the UK recovery.” The MPC said the slowdown in the UK economy, which saw no growth in the nine months to mid-2011, had in part been caused by temporary factors, but added that there was also evidence that the underlying pace of activity had weakened. It said the squeeze on real incomes caused by inflation running well ahead of wage increases and the impact of Osborne’s austerity programme were “likely to continue to weigh on domestic spending”. King admitted that inflation could breach 5% next month but said that would be the peak. Analysts said the Bank was now clearly more concerned about the risks of recession than about the possibility of a rise in inflation. Figures released by the Office for National Statistics this week showed that the downturn of 2008/09 was even deeper than originally believed, with gross domestic product dropping by 7.1% in the biggest recession since the second world war. The flatlining of the economy since last autumn has left activity still 4.4 percentage points below its 2008 peak. The TUC’s general secretary, Brendan Barber, said the decision to expand QE was the right one, but added: “While it is better than not doing anything, quantitative easing is no economic magic wand. “We worry that it does more to help the finance sector than the rest of the economy and could fuel further inflation at a time when living standards are already being squeezed.” Business leaders welcomed the move. Graeme Leach, chief economist at the Institute of Directors, said: “Near-zero GDP and money supply growth made a compelling case and the Bank of England was right to launch QE2. It could be argued that the Bank of England was slow to introduce QE the first time, but thankfully it hasn’t made the same mistake twice.” By the end of the four-month programme, the Bank will have bought a total of £275bn in assets from banks, around 20% of GDP. The news prompted alarm in Britain’s pension funds, which are concerned that QE pushes down interest rates and reduces the return on their investments, but Threadneedle Street left the door ajar for a further expansion of QE2 should the economy not respond. Michael Saunders, UK economist at Citi, said the deteriorating outlook for the economy would require the Bank to “do QE on a very big scale”. He added: “We expect the cumulative total of QE (now heading to £275bn) will eventually reach £500bn or so. It may go even higher than that.” Bank of England Quantitative easing Credit crunch Economics Financial crisis Economic policy Larry Elliott Katie Allen guardian.co.uk

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For all the talk from the various corporate media sources expressing puzzlement at exactly what the mission of the Occupy Wall Street and its sister protests around the world, you’d think that we haven’t had massive income inequality, exponentially rising costs of living with stagnant wages, high unemployment, huge multi-national corporations outsourcing and paying no taxes and all the associated symptoms of economic injustice. But just in case the rest of the media needs a refresher course, Keith Olbermann reads the first collective statement from the Occupy Wall Street participants: As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies. As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known. They have taken our houses through an illegal foreclosure process, despite not having the original mortgage. They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses. They have perpetuated inequality and discrimination in the workplace based on age, the color of one’s skin, sex, gender identity and sexual orientation. They have poisoned the food supply through negligence, and undermined the farming system through monopolization. They have profited off of the torture, confinement, and cruel treatment of countless nonhuman animals, and actively hide these practices. They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions. They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right. They have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay. They have influenced the courts to achieve the same rights as people, with none of the culpability or responsibility. They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance. They have sold our privacy as a commodity. They have used the military and police force to prevent freedom of the press. They have deliberately declined to recall faulty products endangering lives in pursuit of profit. They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce. They have donated large sums of money to politicians supposed to be regulating them. They continue to block alternate forms of energy to keep us dependent on oil. They continue to block generic forms of medicine that could save people’s lives in order to protect investments that have already turned a substantive profit. They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit. They purposefully keep people misinformed and fearful through their control of the media. They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt. They have perpetuated colonialism at home and abroad. They have participated in the torture and murder of innocent civilians overseas. They continue to create weapons of mass destruction in order to receive government contracts. * To the people of the world, We, the New York City General Assembly occupying Wall Street in Liberty Square, urge you to assert your power. Exercise your right to peaceably assemble; occupy public space; create a process to address the problems we face, and generate solutions accessible to everyone. To all communities that take action and form groups in the spirit of direct democracy, we offer support, documentation, and all of the resources at our disposal. Join us and make your voices heard! Bottom line: We are the 99 percent tired of being exploited by the 1 percent.

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Huaxi: the village that towers above China

Until recently, Huaxi was a poor farming community, typical of eastern China. Now,

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