Ahmadinejad to OPEC: Dump weak dollar

Speaking at a ceremony to open the 29th ministerial meeting of the OPEC Fund for International Development (OFID), Iran’s President Mahmoud Ahmadinejad repeated his proposal made about six months ago in a rare summit of the Organization of Petroleum Exporting Countries’s heads of states.

“The fall in the value of US dollar is one of the pressing problems of the world today,” warned the Iranian president at the conference in Isfahan on Tuesday.

He further expressed concern over the adverse effect of the dollar depreciation on the international community, especially energy exporting countries through increasing the price of commodities like wheat, rice and oilseeds.

Ahmadinejad said he warned six months ago in the summit conference in Riyadh that there were many indications pointing to continued fall in the value of the greenback.

“And we see that this continues to happen and the resources and wealth of OPEC member countries have been hugely damaged.

“I again repeat my previous proposal; we should have a basket of different international hard currencies as the basis or the member countries should come up and produce a new hard currency for petroleum contracts,” he stressed.

“They get our oil and give us a worthless piece of paper,” Ahmadinejad said earlier after the close of the summit in the Saudi capital of Riyadh.

As I recall Iraq was threatening to trade in Euro’s before the US government invaded. Given all the threatening maneuvers the Bush administration has been making you’d think Ahmadinejad would be less boisterous.

http://www.timesonline.co.uk/…

The National Health Service is providing dying cancer patients with drugs that are five times less effective than those available privately and is refusing to treat them if they try to buy medicines themselves.

One drug for kidney cancer, routinely available through public health systems in most European countries but not to British patients, can reduce the size of tumours in 31% of patients, compared with just 6% of those prescribed the standard NHS drug.

The growing row over “co-payments” has prompted the government to reconsider the ban. Alan Johnson, the health secretary, has promised a “fundamental rethink” of the policy.

Research presented at the American Society of Clinical Oncology found that kidney patients taking the new drug Sutent lived six months longer than those prescribed alpha interferon, the NHS treatment.

The failure of the NHS to make more effective drugs available to cancer patients has been condemned as “unethical” by leading doctors.

A woman with bowel cancer is fighting for the right to pay for a drug that could extend her life long enough for her to spend Christmas with her grandchildren.

Sheila Norrington, 59, a former NHS medical secretary from Maidstone, Kent, has been told by doctors that if she buys the drug Erbitux, which the health service will not pay for, she will lose her state-funded cancer care. Erbitux is the only drug capable of treating her advanced bowel cancer.

Norrington’s husband, Goff, 61, a former sales manager, said: “We have been told that if we pay for it ourselves we will be thrown off the NHS completely and we will need to pay for everything privately. We are devastated. This is not going to cure my wife, but if it keeps her alive a little bit longer, then we would pay for it.”

The couple say that although they could pay for a few cycles of the drug, which costs about £3,000 a month, they could not pay for all Norrington’s care, including scans, blood tests and consultations.

Goff Norrington added: “We have two young granddaughters and this could make the difference between sitting round the table with them at Christmas or not. We think it is deplorable that patients can get this drug almost anywhere in Europe but we cannot get it in the UK.”

A spokesman for Maidstone and Tunbridge Wells NHS Trust said: “We are governed by Department of Health policy on this issue.”

A poll for The Sunday Times shows strong support for allowing co-payment in the National Health Service, with 89% saying that people who buy additional cancer drugs should continue to get free NHS treatment.

Only 5% think allowing co-payment would create a two-tier NHS. Until now this has been the position taken by Alan Johnson, the health secretary.

Ministers had feared that allowing co-payment would upset less well-off patients, but the YouGov poll of nearly 1,800 people shows strong backing across the social spectrum and supporters of all three main parties.

Lee over at MooreWatch.com I think said it all: “This, of course, begs the question.  If compassionate free government healthcare can’t provide, y’know, actual healthcare to patients, and they are forced to paying massive amounts of money to buy their own treatments, maybe the solution to the problem is less free government healthcare and more private sector solutions.”

When will these people realize that the government can not negate scarcity? The only thing that can bring more and better healthcare to the masses is an increase in their wealth and the only way to do that is capital accumulation through free market capitalism.

Record prices have prompted a slew of bills to curtail the role of investors, but traders say they could backfire:

NEW YORK (CNNMoney.com) — Fed up with soaring oil prices and a chorus of people blaming Wall Street speculators, Congress is considering a host of rules aimed at limiting the inflow of investor money into oil contracts.

But oil traders urge caution. While more disclosure is a good thing, they say making it harder for speculators to invest in oil futures could have the opposite effect intended, and send prices higher.

In light of oil’s phenomenal climb from under $50 a barrel to nearly $140 in less than 18 months - and the public belief that Wall Street traders were behind the rise - Congress is awash in bills that attempt to limit the role of speculators. Several have bipartisan support and could soon become law.

“In two days, the price of oil rose $16,” said Sen. Richard Durbin, D-Ill., at a joint hearing of two Senate panels on oil speculation Tuesday. “Did I miss something, was there some war in the Middle East?”

Read More…

http://www.lewrockwell.com/…

Writes Stephen Fairfax: “Today on page A5 of the War Street Journal, the FDIC has a full-page ad. They have the gall to display a $100,000 Series 1934 Gold Certificate, with the words ‘One Hundred Thousand Dollars in Gold’ plainly visible.

“Of course, the FDIC has never paid an atom of gold to any depositor, and was created as part of the gigantic theft and fraud associated with FDR’s gold confiscation. Wikipedia reports that it is still illegal for private citizens to own the gold certificate whose image leads the FDIC propaganda.”

Things like this make it seem more plausible that some of the many conspiracies surrounding the Federal Reserve are true.

http://www.examiner.com/…

Six parents of chronically truant San Francisco schoolchildren - each of whom missed more than 50 days of class - were arraigned Tuesday before a superior court judge on infractions that charged the guardians with failing to make sure their kids receive an education.

The infractions, pursued by District Attorney Kamala Harris, carry a $100 fine. If the truancy continues, the next step would be misdemeanor charges of neglecting a child’s education, charges that could land a parent in county jail for up to a year with a fine up to $2,500, Harris said Tuesday.

The parents - Connie Wilson, Jamelia Kellom, Shanae Seastrunk, Kenneth Reed, Chanell Brown and Joshua Pomar - were the first to be prosecuted under stricter enforcement guidelines announced by Harris at the beginning of the school year.

The number of students skipping school in San Francisco has long been above statewide averages and costs the already cash-strapped district more than $5 million in state funding every year. One absence costs the San Francisco Unified School District about $42, according to district data.

Among the most common reasons for truancies, especially among elementary school children, are child care issues, drug abuse by parents, lack of transportation, family abandonment and the students ditching classes, according to school district Superintendant Carlos Garcia.

“You know, little kids, what rights do they have? I think we as a society need to stand up for their rights, the right to an education,” Garcia said.

1. Education is not a right. You don’t have a right to other people’s labor. Your existence doesn’t create an obligation for others to provide you with anything. Taxation is theft, period. 2. The absence wouldn’t cost anyone anything if there wasn’t compulsory government schooling. This whole “your actions cost us all” “problem” only exists because these power hungry, megalomaniacs who think they know better than everyone one else use guns to force people into participating in things they could be doing voluntarily. If the service was so important as these people like to claim why then wouldn’t the free market be able to provide it? If you look at it historically it could… what has changed? Could it be that religious and socialist idealists wanted to control the populous? Could it be that compulsory education was instituted not for the children but those in power who wish to propagandize their utopian values?