FURTHER EVIDENCE: HOW U.S. DOMINATED WB/IMF/ MADE-IN-USA CAPITAL CRISIS 'SOLUTIONS' SERVE ITS GLOBAL DOMINATION AGENDA
Global credit crunch will hit developing countries - World Bank
IRIN News Service
Ahead of the World Bank and International Monetary Fund annual meetings on 13 October, the World Bank reports that “countries already suffering food and fuel price inflation may now also see declines in exports, trade and investment as a result of financial turmoil that is becoming increasingly global.” “The stark reality is that developing countries must prepare for a drop in trade, capital flows, remittances, and domestic investment, as well as a slowdown in growth,” says Robert Zoellick, the World Bank Group president. Meanwhile, in their new report to be presented on 12 October entitled Rising Food and Fuel Prices: Addressing the Risks to Future Generations, the World Bank forecasts that “the number of malnourished people globally will grow by 44 million, to 967 million, in 2008 , after several countries experienced double-digit food inflation.”
Pentagon Wants $450 Billion Increase Over Next Five Years
Pentagon officials have prepared a new estimate for defense spending that is $450 billion more over the next five years than previously announced figures. The new estimate, which the Pentagon plans to release shortly before President [sic] Bush leaves office, would serve as a marker for the new president and is meant to place pressure on him to either drastically increase the size of the defense budget or defend any reluctance to do so, according to several former senior budget officials who are close to the discussions.
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The New America Foundation: Time for a U.S.-Iranian 'Grand Bargain'