The “Giant Pool of Money”

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If you’re still looking to further understand the roots of the current economic “crisis” there may be few better places to start than this episode of NPR’s always wonderful and illuminating “This American Life” program, wherein host Ira Glass talks with a business journalist about a gathering he attended to celebrate the creation of cockamamie, mortgage-backed financial instrument that arguably brought the global economic system to its knees…

Plus ça Change…

“Israel has… always believed that causing suffering to Palestinian civilians would make them rebel against their national leaders. This assumption has proven wrong over and over,” wrote Israeli historian Tom Segev in yesterday’s Ha’aretz newspaper. “Since the dawn of the Zionist presence in the Land of Israel, no military operation has ever advanced dialogue with the Palestinians.”

Just to force home the point a bit, here’s a brief look back to a documentary Robert Fisk made in the early 1990’s about the causes of increasing “anti-Western” sentiment in the Middle East at that time.