The Daily World Affairs Report: The Daily WAR (03-29)

Sadly, we are witnessing the sort of strategic errors that turned the recession of 1930 into a global catastrophe. The European Central Bank is now hell-bent on a course of action that will have a knock-on effect across the world and risk a dangerous implosion of the credit system.

A dangerous cocktail: Europe grapples with threat of stagflation

Medvedev: US in no economic shape to give advice

Job losses mount as US heads into virtual freefall

Back to the Great Depression?

Bear market officially arrives

GM shares at lowest since '54

What recession? (cartoon)

Global stocks decline as oil above $145

London oil price hits $146

World Bank: "World entering a danger zone"

World Bank pressures G-8 on oil and food

OPEC warns against attack on Iran

OPEC couldn't replace Iran oil output

Oil to $300-$400 if Iran attacked

Chavez wants reserves moved from US

MISC

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* "Here I have to reveal a trade secret, which punctures the mystique of intelligence analysis. Generally speaking, 80% of the information one needs to form judgments on key intelligence targets or issues is available in open media."

* "In his usual form, former UN weapons inspector Scott Ritter told a packed crowd to stop whining about corporate media and become their own intelligence operatives. We the people have the same resources and tools that intelligence networks rely heavily on; it's called 'Google.' As our own intelligence operatives we can't allow CNN, FOX, NBC, and ABC to edit and cherry pick information, but ask questions and find the answers ourselves."

* "Many apparently separate developing daily events don't make the slightest sense, if you don't look at them in their strategic context. In the face of Orwellian control of the media, it is even more necessary, to judge contemporary developments with the eye of an historian, who has not forgotten the lessons of [history]."

Thursday

The Daily WAR (03-29)