Tensions Rise in Latin America over US Military Plan to Use Three Bases in Colombia

The Colombian government has agreed to grant US forces the use of three Colombian military bases for South American anti-drug operations. The move has heightened tensions between Colombia, the largest recipient of US military aid in the Americas, and its neighbors, particularly Venezuela and Ecuador. Venezuelan President Hugo Chavez warned that the US Army could invade his country from Colombia.

Clip courtesy of Democracy Now

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Anti-Democratic Nature Of US Capitalism Is Being Exposed

By Noam Chomsky

THE SIMULTANEOUS unfolding of the US presidential campaign and unraveling of the financial markets presents one of those occasions where the political and economic systems starkly reveal their nature.

Passion about the campaign may not be universally shared but almost everybody can feel the anxiety from the foreclosure of a million homes, and concerns about jobs, savings and healthcare at risk.

The initial Bush proposals to deal with the crisis so reeked of totalitarianism that they were quickly modified. Under intense lobbyist pressure, they were reshaped as “a clear win for the largest institutions in the system . . . a way of dumping assets without having to fail or close”, as described by James Rickards, who negotiated the federal bailout for the hedge fund Long Term Capital Management in 1998, reminding us that we are treading familiar turf. Continue reading