While Swiss media are reporting Al Qaeda bomb threats during the upcoming EU- soccer championship (taking place in Switzerland and Austria), Eric Grover warns from an Islamic "World War IV" against the West on blogactiv. This entry was cross-posted from blogactiv with permission and without further editing. It does not represent the Atlantic Review's opinion on the matter:

"A resurgent fundamentalist Islam is engaged in a global war against the West and the rest of the infidel world. In World War IV: The Long Struggle Against Islamofascism former Commentary editor in chief Norman Podhoretz calls it WW4.

Republican presidential frontrunner John McCain believes "the transcendent challenge of the 21st century is radical Islamic extremists." Mitt Romney said the “philosophy of radical jihadism says, ‘We want to kill.’” In stark contrast, Democrats, George Bush and many European leaders talk about combating terrorism – a means, disembodied from any animating ideology or purpose. It is as if in WW2 Roosevelt and Churchill had called for waging war against Panzer tanks. UK Home Secretary Jacqui Smith in a positively Orwellian construction now refers to Islamic terrorism as “anti-Islamic activity.”

21^st century Europeans and Americans no longer understand men motivated by and willing, indeed eager, to kill and die for their faith.

While the American primaries make the headlines on a daily basis even in our Swiss newspapers, more than a hundred million Americans usually don't vote, which means about 40% of eligible voters forego their right to elect who's to become (arguably) the most powerful political leader in the world. Find an interesting "mini-movie" about these missing voters here.

This is what the filmmakers write about themselves:

A year before the presidential elections of 2008 a crew of young European filmmakers goes on a journey all across the country in a little old motorhome to search for America’s missing voters. Who are they? Why don’t they vote? Can a young and fresh presidential candidate as Barack Obama make them vote? How would American politics change if more young people, single women, poor white people, African-Americans and Latino’s would start voting?

"You usually end up with [a] disproportionate number of minorities not voting and more young voters not voting," according to Project Vote, a  not-for profit organization that tries to get more people to vote. Also featured in the movie: Thomas E. Patterson, Harvard professor and author of the book The Vanishing Voter (Amazon.com; Amazon.de). His conclusion is very clear:

If you enlarge[d] the electorate in the US, you'd be pushing it to the left.

Historically, only 10-20 % of all eligible voters take part in the primaries that are occupying so much of our attention at the moment. Oh, and by the way, guess which country besides the US has a very low turn-out on election day? Correct: it's  Switzerland.

According to the Economist, Charles Morris is the first to really assess the current crisis of the financial market in his book The Trillion Dollar Meltdown:

He describes three trends converging to create the bubble: By 2006 the growing trend towards deregulation had pushed three-quarters of all lending outside the purview of regulators. Securitisation created a serious agency problem, leaving loan originators, who were paid up-front, with no incentive to avoid bad credits and every reason to piggyback inappropriate products onto good ones [...]  Banks and rating agencies were gripped by the pretence that all finance can be calculated by risk-modelling eggheads. It did not help that many investors blindly accepted the rating agencies as a kind of “financial Supreme Court”.

In addition, the "Federal Reserve fuelled the housing boom by sharply cutting the cost of short-term money. Mr Greenspan ignored warnings about subprime excess, while eagerly championing 'new paradigms', from hybrid mortgages to credit derivatives." As for the solution:

He offers a raft of suggestions: originators should retain the riskiest portion of securitised loans; prime brokers should stop lending to hedge funds that fail to disclose their balance sheets; trading of credit derivatives should be brought onto exchanges for the sake of safety, even if this raises costs; and some version of the old Glass-Steagall act, which separated commercial banking and capital-markets activities, should be re-introduced. Ultimately, he argues, after a quarter-century of “market dogmatism” it is time for the regulatory pendulum to swing the other way.

Looking for a Christmas present? Here’s a hint: Atlantic Review editor Sonja Bonin has translated Howard Zinn's bestseller "A People's History of the United States" into German. Her translation was presented at the Frankfurt book fair this fall and selected second-best non-fiction book on the highly esteemed recommendation list (“Bestenliste”) by NDR, Süddeutsche Zeitung, Buchjournal and Börsenblatt in October.

Howard Zinn’s classic, which was first published in English in 1980 and has reached more than one million readers so far, has become an all-time favorite of both students and the intellectual left in the US. The octogenerian author, a historian, WWII-veteran and civil rights activist, has become quite famous in the US, but (unlike his friend and occasional co-author Noam Chomsky) is not well-known outside America yet. Zinn’s German publisher, Schwarzer Freitag in Berlin, is run by German Fulbright Alumnus Andreas Freitag.

You can order the book directly via the publishers or support the Atlantic Review by ordering it on Amazon.de. Schwarzer Freitag has also published the DVD “You Can’t Be Neutral On A Moving Train”, a documentary about Howard Zinn with German subtitles. For more information on Howard Zinn, visit Wikipedia (German, English) or the following websites: www.howardzinn.org; www.howardzinn.de.

If the complete edition puts too much of a burden on your financial or time budget (700 pages, € 28.80), consider buying one or more out of nine slim volumes that comprise two to three chapters each (circa 100-150 pages, € 7,80).

The Dresden atrocity, tremendously expensive and meticulously planned, was so meaningless, finally, that only one person on the entire planet got any benefit from it. I am that person. I wrote this book, which earned a lot of money for me and made my reputation, such as it is. One way or another, I got two or three dollars for every person killed. Some business I’m in.