World News

"The Czech Republic will cease to be a sovereign state" once the treaty enters into force, Klaus said after signin the Lisbon Treaty.

Ukrainian President Victor Yushchenko has called on the international community to help the country combat the swine flu epidemic which hit the country last week. Kiev is taking emergency measures to stop the outbreak.

A panic is under way over H1N1 flu in western Ukraine, including quarantines and panic buying of drugs in Lviv, Ternopil, and other towns.

Lyndon LaRouche today continued to assail the Bush Administration’s multi-trillion-dollar bailout swindle, charging that the socalled Paulson Plan would hand trillions of dollars in U.S. taxpayers’ money to foreign financial interests, particularly British interests.

The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is “more communist than China right now” but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe.

Sen. Oskar Peterlini officially presented to the Italian Senate a "Motion for the Reorganization of the International Monetary System: the New Bretton Woods." The motion calls upon the Italian government to "act internationally to promote" a new system, "modeled on the New Bretton Woods as proposed by the American economist, Lyndon LaRouche."

Lawmakers in the U.S. House of Representatives have voiced concern to Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke about proposed steps to bailout U.S. financial institutions.

U.S. President George Bush has invited both presidential candidates and the Congressional leadership to the White House in hopes of securing a deal to help the nation's ailing financial sector. The president urged public support for the rescue plan in an unusual nationally broadcast speech to the nation late Wednesday.

In response to a question from EIR, who asked if Tremonti's New Bretton Woods proposal would be on the agenda, as Italy takes the chair of the G8 this year, Italian Foreign Minister Franco Frattini replied, "Tremonti intends to propose a new item for the G8 finance ministers which is to build a new Bretton Woods arrangement."

US Federal Reserve says it will auction up to $180 billion to markets in coordinated action with central banks in Canada, Britian, Japan, Switzerland, European Central Bank.

The US Federal Reserve Board said a bankruptcy involving AIG would cause significant problems in the world's already fragile financial markets.

Dmitry Medvedev has promised Russian business there will be no shortage of bank finance. He said the government would minimize the negative impact of the global financial crisis and the military conflict in South Ossetia.

A few brave patriots in high places are fighting to avoid an invasion of Iran and destruction of the Constitution in the four months left of the reign of President Bush. They do so at great personal risk.

Lehman Brothers has filed for bankruptcy protection to become the third top American investment bank to depart the scene in six months.

Financial lenders are facing a major industry reorganization Monday that promises to change the face of banking in the United States. On Sunday, Merrill Lynch agreed to sell itself to Bank of America for some 50 billion dollars. Experts say the move will make the nation's prime lender even bigger.