Under the Radar: Ten Warning Signs for Today

by Heather Wokusch

1. Protest war, lose your property?

On July 17th, The White House quietly announced an Executive Order entitled "Blocking Property of Certain Persons Who Threaten Stabilization Efforts in Iraq." Among other developments, it gives Bush the power to "block" the property of people in the US found to "pose a significant risk of committing" an act of violence which might undermine "political reform in Iraq."......More

2. Market meltdown

Economic fallout from the subprime mortgage market collapse has extended further, with prominent investment company Bear Stearns admitting last week that two of its hedge funds, once estimated at $1.6 billion, are now of "very little value.".....More

3. Escalating US military operations in Pakistan

Following 911, the Bush administration propped up Pakistan's President Pervez Musharraf as a key ally in the "war on terror," spending billions of dollars on Pakistan's military while ignoring Musharraf's support for the Taliban. Those days might be over. Just last week, the White House announced US military forces could be deployed to strike "actionable targets" in the country - with or without Musharraf's permission.......More

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