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FEATURED STORIES
The sinking of the Cheonan: Another Gulf of Tonkin incident
While the South Korean government announced on May 20 that it has overwhelming evidence that one of its warships was sunk by a torpedo fired by a North Korean submarine, there is, in fact, no direct link between North Korea and the sunken ship. And it seems very unlikely that North Korea had anything to do with it. That’s not my conclusion. It’s the conclusion of Won See-hoon, director of South Korea’s National Intelligence.
Paper: Financial Crisis Worse Than 2008
Mervyn King, the Bank of England Governor, summed it up best: “Dealing with a banking crisis was difficult enough,” he said the other week, “but at least there were public-sector balance sheets on to which the problems could be moved. Once you move into sovereign debt, there is no answer; there’s no backstop.”
Congressman: Obama Administration May Have Illegally Spent $10 Million Promoting Abortion in Kenya
New information obtained by a member of Congress makes it appear the Obama administration has spent $10 million potentially illegally promoting a pro-abortion constitution in Kenya. Obama officials were thought to have spent $2 million but Rep. Chris Smith says that figure could exceed $10 million.
The Big Lie Selling You War With North Korea
Anyone with half a brain realizes that the US Government, unable to gain support for an invasion of Iran, has changed gears and decided that North Korea will be the next step towards World War III.
Second Korean War will drag nations into Global Bloodshed?
Moscow is sending a team of specialists to investigate the sinking of a South Korean ship, amidst a deepening crisis between the two Koreas. Tensions escalated after an international investigation concluded a northern torpedo sank a South Korean warship in March - killing 46 sailors - an accusation vehemently denied by Pyonyang.
US troops won’t be used to stop illegal immigration: US
US National Guard troops being sent to the Mexican border will be used to stem the flow of guns and drugs across the frontier and not to enforce US immigration laws, the State Department said Wednesday.
Feds moving closer to challenge of Arizona immigration law
Several national news organizations are reporting that a Justice Department legal team is drafting a plan to challenge Arizona’s new immigration law, SB 1070.
Russia wants ‘100% proof’ N.Korea sunk ship
Russia will not support efforts to punish North Korea for sinking a South Korean warship until it is fully convinced Pyongyang was behind the incident, a foreign ministry spokesman said Thursday.
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WORLD NEWS
AP tally: 1,000th US military death in Afghan war
The U.S. military suffered its 1,000th death of the Afghan war Friday, according to an Associated Press count, when NATO reported a service member was killed by a roadside bomb in southern Afghanistan.
British FM: Gov't will change universal jurisdiction law
British Foreign Minister William Hague said on Thursday that it is absolutely his intention to act speedily to change the universal jurisdiction law and that this is agreed and understood in the coalition government.
At least 73 dead in Jamaican capital shoot-outs
Jamaican police say at least 73 people have been killed in four days of fighting between police and gunmen, as authorities continue their search for an alleged drug lord.
Tenth suspected suicide in a year throws spotlight on labour practices at China iPhone factory
An employee of iPhone-maker Foxconn has jumped to his death - the tenth suspected suicide this year at the high-tech company's production base in southern China.
Amnesty: U.S., Europe shielding Israel over Gaza war crimes
In its annual report, the rights group accuses Israel of continually violating human rights in Gaza with its ongoing economic siege.
Rahm Emanuel Heckled by Israelis While Touring Old City of Jerusalem
Rahm Emanuel was heckled today as he toured the Old City of Jerusalem. Two Israelis were arrested.
Russia vows support for Iran fuel swap
Russia has pledged to "actively support" the Tehran Nuclear Declaration on condition that the landmark fuel swap proposal is fully implemented.
Petraeus orders US spies to prepare for anti-nuclear strike on Iran
Teams of American special forces have been authorised to conduct spying missions intended to pave the way for a military strike on Iran in case President Obama orders one, US government sources have confirmed.
Brazilian Police Chief Killed During Live Interview
A police chief in northeast Brazil was shot to death in his car as he was giving an interview on his mobile phone to a radio show about the fight against drug traffickers. His anguished wife cried on the air: "Oh my God in heaven! Oh my God in heaven! For the love of God!"
'Recon for attack a warning to Iran'
Reports that the Pentagon has okayed reconnaissance missions over Iran were seen in Jerusalem on Tuesday as the first public signs of practical preparations for a possible US military operation against Iran.
US Navy base in Bahrain to double in size
Mina Salman Port, Bahrain - Construction began Wednesday on doubling the sized of the US Navy base in Bahrain, with digging beginning on a 70-acre site leased from the Bahraini government.
French strike over plans to raise retirement age past 60
Strikes across France delayed flights, closed schools and frustrated commuters Thursday as workers protested government plans to raise the retirement age past 60 — one of the lowest in Europe.
N.Korea threatens to attack S.Korea ships
N Korea vowed to attack any S Korean ships which violate their disputed border and Seoul’s navy staged its own show of strength amid the high tension over the sinking of a warship.
South Korean navy starts military exercises
South Korea fired artillery and dropped bombs in military exercises off the west coast of the divided peninsula today, with tensions running high in the area.
Russia plans big naval exercise off North Korea
Russia will hold large-scale naval exercises near North Korea next month that were planned before the current stand-off on the Korean peninsula, naval officials said on Thursday.
Judge orders Yemeni freed, Guantánamo tally 14-36
A federal judge Wednesday ordered the Obama administration to free a Yemeni man at Guantánamo who has long claimed he was captured in Pakistan studying Koran and had no ties to al Qaeda.
Downtown cafe bomb kills 5, injures dozens in southern Russia
A massive explosion has shattered the peace of the Southern Russian city of Stavropol, killing at least five people and injuring more than forty. The region's governor called the attack an unprecedented act of provocation.
The pure heroin so potent it can kill before users even take the needles from their arms - available for just £7
A potent wave of cheap heroin which can kill users before they pull the syringe from their veins is spreading across America.
S. Korea on alert as N. Korean subs disappear in East Sea
South Korea's military was tracking four North Korean submarines which disappeared from their east coast base after conducting naval training in the East Sea earlier this week, a military official in Seoul said Wednesday.
UN calls on India, Pak to join NPT, CTBT
Breaking the tradition of not naming countries, the first draft of the final document of 2010 Nuclear-non Proliferation Treaty Review conference has asked India, Pakistan and Israel to join NPT and CTBT.
UK Middle classes face higher taxes under Government plans
Workers who have saved to invest in shares and property will face higher taxes on their assets, the Government confirmed.
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U.S. NEWS
New, Giant Sea Oil Plume Seen In Gulf
Marine scientists have discovered a massive new plume of what they believe to be oil deep beneath the Gulf of Mexico, stretching 22 miles (35 kilometers) from the leaking wellhead northeast toward Mobile Bay, Alabama.
House Votes to Allow Repeal of ‘Don’t Ask, Don’t Tell’ Law
The House voted Thursday to let the Defense Department repeal the ban on gay and bisexual people from serving openly in the military, a major step toward dismantling the 1993 law widely known as “don’t ask, don’t tell.”
BP Resumes Work to Plug Oil Leak After Facing Setback
BP on Thursday night restarted its most ambitious effort yet to plug the oil leak in the Gulf of Mexico, trying to revive hopes that it might cap the well with a “top kill” technique that involved pumping heavy drilling liquids to counteract the pressure of the gushing oil.
Blagojevich judge says he won't start over with jury screening
The federal judge in the Rod Blagojevich case today said there was nothing wrong with letting go a bulk of jurors who said that serving in the case would create a hardship for them.
Congress pursues F-35 engine that Defense Secretary Robert Gates doesn't want
Defense Secretary Robert M. Gates's campaign to rein in defense spending confronted a major hurdle Thursday in the House, which was on the verge of approving an aircraft engine the Pentagon does not want.
‘Teacher of the Year’ Loses Job After Boffing, Flunking Football Player
We know that headline writers routinely use conventions such as “Teacher of the Year” or “Father of the Year” to introduce truly stupid or outrageous behavior by such individuals, but this time we are talking about an honest-to-goodness “TEACHER OF THE YEAR.”
Matt Simmons: "Theres another leak, much bigger, 5 to 6 miles away
Matt Simmons: "Theres another leak, much bigger, 5 to 6 miles away".
Democrats Strike Down McCain Bid to Send 6,000 National Guard to Border
President Obama's Democratic allies in the Senate have repelled a move by presidential rival John McCain to send an additional 6,000 National Guard troops to the U.S-Mexico border.
BP's 'Top Kill' Effort Slowing Oil, But Leak Not Fixed Yet
The Coast Guard says BP is having some success slowing the Gulf of Mexico oil leak by injecting mud but the fix isn't done yet.
Obama orders halt to deep-water drilling in the gulf
President Obama ordered a halt Thursday to drilling operations at all 33 exploratory deep-water rigs in the Gulf of Mexico for as long as six months, one of several steps he announced at a news conference where he sought to defend his administration's handling of the spill.
U.S. Spending on Food Stamps at All-Time High, Sparking Debate Over Welfare
The U.S. is now spending more on food assistance than at any time in its history, sparking a debate over whether the roughly 40 million people now receiving the latest version of food stamps at a cost of $73 billion a year are a symptom of a weak economy or are part of a long-term expansion in welfare and related programs.
Health insurance rate hikes hitting California small businesses could hurt state's economic recovery
Small businesses in California are being hit this year with double-digit hikes in health insurance costs that could hurt the state's economic recovery as companies curtail plans for hiring and expansion to pay their insurance bills.
Feingold amendment requesting a timetable for withdrawal from Afghanistan voted down 18-80
This morning, the Senate debated Sen. Russ Feingold’s (D-WI) amendment to the war supplemental bill, which called on President Obama to provide a flexible timetable for withdrawal from Afghanistan to Congress. Arguing for the amendment on the floor, Feingold complained that he is “disppointed that” Congress is passing a bill “providing tens of billions of dollars to keep this war going with so little public debate about whether this approach makes any sense.”
Obama not sure if MMS chief was fired
President Obama said today he wasn't sure whether the Director of the Mineral and Mining Services was fired or resigned.
National Debt Soars Past $13 Trillion
The U.S. national debt has passed the $13 trillion mark, according to USDebtClock.org, an independent website that tracks the real-time growth of U.S. revenues and spending.
Scalia on Kagan’s Lack of Judicial Experience
I think Justice Scalia is absolutely correct that prior judicial experience should not be a requirement for confirmation to the Supreme Court, but I still believe it is a plus. The bigger problem, in my opinion, is the relative lack of other legal experience among the justices. Other than Justice Sotomayor, none of the justices on the court has much trial-level legal experience, judicial or otherwise, as opposed to appellate. None of the justices have significant experience as defense attorneys or in transactional work. The Court is also dominated by former executive branch officials and northeastern elites.
Two more Census workers blow the whistle
You know the old saying: "Everyone loves a charade." Well, it seems that the Census Bureau may be playing games. Last week, one of the millions of workers hired by Census 2010 to parade around the country counting Americans blew the whistle on some statistical tricks.
Feds Issue Terror Watch for the Texas/Mexico Border
The Department of Homeland Security is alerting Texas authorities to be on the lookout for a suspected member of the Somalia-based Al Shabaab terrorist group who might be attempting to travel to the U.S. through Mexico, a security expert who has seen the memo tells FOXNews.com.
Despite Soaring National Debt, Congress Goes on Spending Spree
As the national debt clock ticked past the ignominious $13 trillion mark overnight, Congress pressed to pass a host of supplemental spending bills to, among other things, fund the continuing wars in Afghanistan and Iraq, ramp up security on the U.S.-Mexico border and prevent teacher layoffs.
Big Spat on Rig Preceded Explosion
More details emerged Wednesday about a disagreement between employees of rig operator Transocean Ltd. and oil giant BP PLC over how to begin shutting down the well just hours before it exploded in the Gulf of Mexico last month.
Democrats try scaled down tax bill
Congressional Democrats cut the cost of a package of spending and tax hikes by nearly a third on Wednesday and delayed action for one more day as they raced to ensure passage before safety-net programs expire next week.
Oil spill 'top kill': why it takes 24 hours to know if it's working
The oil spill 'top kill' was proceeding according to plan Wednesday night, BP officials said. But they added that it could be another 24 hours before they knew if it worked.
Seven Republicans Call for Special Prosecutor in Sestak Case
The seven Republicans on the Senate Judiciary Committee today called on Attorney General Eric Holder to appoint a special prosecutor to investigate Joe Sestak's suggestion that he was offered a White House job in exchange for dropping his (ultimately successful) challenge to Sen. Arlen Specter in the Pennsylvania Democratic Senate primary.
Strategy focuses on terrorists at home
President Obama's new national security strategy will include a new focus on the threat posed by Americans who can be recruited and radicalized by al Qaeda through the Internet, the president's senior counterterrorism adviser said Wednesday.
Despite Protests, Mosque Plan Near 9/11 Site Wins Key Vote
Opponents called it an "insult," "demeaning" and a "house of evil," but the angry protests did not stop an advisory board from approving plans to build a mosque and Islamic center two blocks from the site of the 9/11 attacks on the World Trade Center.
Flashback - Tracking the 19 Hijackers - At least 9 of them survived 9/11
The FBI still says these are the terrorists. But when they are found alive, the FBI says their identity was stolen, and its not the terrorist.
Rand Paul replaces campaign manager
Kentucky U.S. Senate candidate Rand Paul has reshuffled staff and replaced campaign manager David Adams in the wake of last week's Civil Rights Act blow-up.
Chiefs of Navy, Army, Air Force, and Marines Oppose DADT Repeal
The heads of the Army, Marines, Air Force, and Navy oppose the current amendment to repeal "don't ask, don't tell."
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MONEY & MARKETS
Watch Jim Cramer Freak Viewers Out About A Wall Street Gang Growing Like A Weed And Getting Everyone Drunk On Kool-Aid
Senator Kaufman, who's perhaps the biggest financial watchdog in the Senate right now, joined Jim Cramer last night on his super-popular show, Mad Money, and the pair spent about eight minutes freaking viewers out about High Frequency Trading.
TARP Investments Lead to Huge Losses for U.S. Treasury
As struggling banks get acquired or fail, the U.S. Treasury is shouldering a growing burden: Its investments in TARP are turning out to be a bust, leading to huge losses. And there are signs of more trouble ahead.
The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’
The stock of U.S. money as measured by ‘M3′ money supply fell to $13.9 trillion from $14.2 trillion during the three months ending in April.
The Real Reason Germany And The Rest Of Europe Are Doomed To Crisis After Crisis
Germany may look like the healthy heart of Europe right now, but the country’s demographic position could see its competitive edge fall flat, according to Der Spiegel.
Europe mobilises against deficits
A string of European governments drew up battle plans to attack budget deficits on Tuesday, with Britain, France, Italy and Denmark turning on public spending and pay, the pension age and taxes.
Those secret … summarised … Greek bailout clauses
The German paper claims to have obtained a copy of the €80bn eurozone bailout agreement for Greece — and is “exposing” the secret clauses that let ze Germans (and others) off the hook.
The Greek Bailout's Two Secret Exit Clauses: Why Europe Is Now Cheering For Its Own Demise
When all of Europe rushed into its rescue package two weeks ago (first half a trillion, market red, then a full trillion, market green), the one thing that struck us as odd was the conflicting data on the conditionality of the package, with various sources both confirming and denying that the "package" was revocable.
Citigroup, BofA Shrug Off Report
Citigroup and Bank of America shares were higher in early trading Wednesday, despite a front-page report in The Wall Street Journal that said those banks, along with Deutsche Bank, "were among the most active" at temporarily reducing debt levels before the end of the quarter, obscuring some of the risks on their balance sheets.
Panicky Greeks Paying Over $1,700 Per Ounce For Physical Gold
The fear running through the Greek populace is that the nation’s government may default on some of its debts
Ben Bernanke Says U.S Central Bank's Dollar Funding Facility May Not Last For Good
When Federal Reserve Chairman Ben Bernanke highlighted the possibility of the U. S central bank's dollar funding facility, not lasting forever, the euro slipped across the board on Wednesday. Bernanke, in his speech in Tokyo shared that dollar swap lines. Though, many in the market accept that the funding cushion is momentary, but analysts opined that Bernanke's comments were keeping dislike for risk high and helping to keep opinion negative on the euro.
Debt Level, Spending Pose Risk to U.S.’s Aaa Credit Rating, Moody’s Says
The U.S. government’s Aaa bond rating will come under pressure in the future unless additional measures are taken to reduce projected record budget deficits, according to Moody’s Investors Service Inc.
Lehman Sues JPMorgan, Claims Dimon Forced Firm Into Bankruptcy; Opens Avenue For AIG Lawsuit Against Goldman
In October of last year we wrote an extended piece discussing the conflict between the bankrupt Lehman Brothers estate (i.e., its unsecured creditors) and Barclays, in which JPMorgan played a prominent part, as it was the critical tri-party repo clearing bank on all of Lehman's collateral that would subsequently go to Barclays.
Evidence Continues to Mount that the ECB and Federal Reserve are Attempting to Crash the Markets
There has been simply no growth in the Federal Reserve U.S. money supply (M2) for months. And as previously announced the European Central Bnak drained E26.5 billion from the banking system in a one-week liquidity absorbing operation.
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COMMENTARY
Israeli nuclear espionage: The art of keeping America at risk for fun and profit
By Gordon Duff
This week, newspapers around the world received reports and signed documents from South Africa. The reports said that, in 1975, Israel agreed to sell South Africa nuclear weapons. South Africa then released an arms agreement signed by current Israeli President Shimon Peres. This is the document “heard round the world.”
With Just Six Words, Ron Paul Can Box in the Republican Establishment in November
By Gary North
The six words are: Public Law 111-148 is hereby repealed.
Was America The “Golden Goose?”
By Gordon Duff
How can Americans explain the Federal Reserve system when none of us understand Afghanistan, our current war, where we are now supporting opium growers and spending billions arming people to fight us who are fighting us only because we are, curiously enough, paying them to. Why would Americans arm the Taliban, protect poppy fields and prevent Afghanistan from establishing a democratic government? Is America, just maybe, run by organized crime?
Ezra Pound on Money
By Carolina Hartley
The way to fix the situation is to dissolve the Federal Reserve; force Congress to manage money supply as described in the Constitution; and vote the venal or incompetent out of office.
Sometimes conspiracy theories are true
By Alexander Cockburn
Unlike the French or the Italians, for whom conspiracies are an integral part of government activity, acknowledged by all, Americans have been temperamentally prone to discount them. Reflecting its audience, the press follows suit. Editors and reporters like to offer themselves as hardened cynics, following the old maxim “Never believe anything till it is officially denied,” but in truth, they are touchingly credulous, ever inclined to trust the official version, at least until irrefutable evidence—say, the failure to discover a single WMD in Iraq—compels them finally to a darker view.
Neocon Vampires Sink Their Fangs Into the Tea Parties
By Ira Chernus
Like vampires, the neocons never die. They constantly revive themselves, going where the vein is richest, eager to feed upon new blood.
(I'm all for the real grassroots Tea Party, unfortunately, to a large degree, the movement has been hijacked and polluted by opportunists and neocons.)
Their cure will kill us! Michel Chossudovsky on State of Financial Emergency
Economist Michel Chossudovsky gives his assessment of what's going on in the world of finances. He believes the worst of the global crisis is yet to come and all the measures taken to stop it are actually hurting the economy.
BP - Beyond Prosecution
By Jim Kirwan
British Petroleum ought not to be 'Beyond Prosecution' and yet that appears to be exactly what the 'BP' stands for. The political failure to look back twenty years ago into the Exxon-Valdez oil spill that enabled the massive failures throughout the Deepwater Horizon blowout.
Equality Is Important—But It Isn’t Enough
By Bart Hinkle
The second thing worth noting is that, while liberals find inequality across race and gender classes invidious, many seem to find nothing wrong with an inequality between the enlightened few and the great unwashed. Large swaths of the knowledge class seem almost wistful about the idea of a dictatorship of the professional elite to oversee the lumpen proletariat.
'Friendship is a Two-Way Street' Australian Foreign Minister tells Israel
By Tim King
Australia's principled decision to expel an Israeli diplomat has been highly regarded throughout the world, not just for their stand against Israel’s abuse of Australia’s Passport system but especially because of their abuse of a long standing friendship.
Breaking the Israeli Siege of Gaza: Attack at Sea, Detention Camps and Deportation Await
By Ann Wright
Wish us luck as we challenge the Israeli, Egyptian, European Union and United State’s unlawful siege and collective punishment of 1.5 million Palestinians in Gaza!
The American Century Is So Over
By Dilip Hiro
Obama’s Rudderless Foreign Policy Underscores America’s Waning Power
Is the U.S. Government Planning War to Quell the Tide of Economic Unrest?
By Gary D. Barnett
United States wars are virtually all wars of aggression, so it is quite evident that U.S. wars are “fought” for reasons other than self-defense.
Israel’s Nukes Out of the Shadows
By Jonathan Cook
Israel faces unprecedented pressure to abandon its official policy of “ambiguity” on its possession of nuclear weapons as the international community meets at the United Nations in New York this week to consider banning such arsenals from the Middle East.
Rebels Against Party Leaders
By Bruce Walker
Those who believe that the Tea Party movement will simply be a convenient flack for the Republican establishment have received rude awakenings in the last few weeks.
Rep. Alan Grayson Introduces the ‘War Is Making You Poor Act’
By Joshua Holland
Last week, as Congress prepared to pass yet another “emergency” spending bill to cover America’s costly operations in Iraq and Afghanistan—to the tune of $159 billion this time around—Rep. Alan Grayson, D-Florida, introduced a bill that would force the Pentagon to pick up the tab out of its ample regular budget.
Ron Paul appears on The Mangru Report (Video)
Paul talks about the financial crisis, the Financial Reform Bill, Glass-Steagall Act, a potential VAT tax, term limits, and... his dream of becoming a singer!
The Synagogue Of Satan (Video)
Many in the real truth movement have been trying for years now to get people all over the world to understand exactly who the real criminals are, the Zionist Jews, and how this group of criminals is bent on domination over the planet and the enslavement of the rest of mankind. The message that we present is done to awaken the masses and have awakened people spread the message to others. This is probably the most important fight that you will ever be involved in during your entire lifetime!
The Number One Tool Of Financial Enslavement
Today there is a great awakening going on across the United States and all around the world. Tens of millions of people are becoming aware of the growing tyranny of the global financial elite.
Howard Buffett Said "Human Freedom Rests On Gold Redeemable Money", Called For Return To Gold Standard
Sometimes the apple does fall very, very far from the tree. A must read essay by Howard Buffett, father of the “legendary” investor who initially was so very much against derivatives then promptly changed his tune, discusses fiat money and gold, and concludes that “human freedom rests on gold redeemable money.”
The Wages of Obfuscation: Farcism and the AIG Timebomb
By Marla Singer and Geoffrey Batt
One of the central tenants of Farcism as a doctrine is the promotion and use of layers of opacity and complexity to empower regulators via their ability to mitigate red tape and compliance costs and to conceal this power under a cloak of (for example) promoting the "American Dream of Home Ownership."
Iran issue forces Turkey to a crossroads
By Justin Vela
Turkey entertained United Nations Secretary General Ban Ki-moon in Istanbul at the weekend and basked in praise for its efforts, along with Brazil, in securing a nuclear fuel swap deal for Iran.
Is North Korea on the Verge of Collapse?
By Bonnie Glaser
Despite forecasts of North Korea’s collapse since the death of Kim Il Sung in 1994, the country is still intact. But the risk of North Korean instability remains real.
Capitalist Rothschilds
By Daniel O’Connor
In modern times, The Rothschild family is often referred to as archetypal capitalists who were Europe’s wealthiest family from 1820 onward and gained this position through their ability to exploit the capitalist system–this widely held view is completely false.
Are We About To Witness The Greatest Banking Consolidation In U.S. History?
As the number of bank failures in the United States continues to accelerate, many analysts are warning that we could soon see unprecedented changes in the U.S. banking industry.
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Secret Parliamentary Lobbying Video: “Give Our One World A Chance”
This leaked parliamentary lobbying video for private corporation Blackwell and Briggs essentially urges the government to concentrate advanced technology that can be used for surveillance into corporate hands, enabling the elimination of what it describes as “subversive” groups that pose a threat to the “one world” order.
Shadowy Schemers Converge on Spain
As the super-secret Trilateral Commission (TC) was meeting behind locked and guarded doors at the luxurious Four Seasons resort hotel in Dublin, Ireland May 8, participants were upset to learn that awareness of their evildoings was surging in the United States.
Obama Calls for Global Government: “A New International Order”
The President’s remarks come as the European Union teeters on the brink of collapse.
CAFR: U.S. agencies have billions, trillions in investments while crying budget deficits
What CAFRs reveal is a communist-style policy whereby the US taxpayers surrender enormous assets to the state, who then “invest” these collective trillions that swell in these accounts. Concurrently, taxpayers are informed of budget deficits to either squeeze more taxes from them and/or cut public services. To add insult to injury, the state lies in omission by never reminding Americans of their hard-earned and withheld trillions as they eliminate jobs, reduce education, and attack the quality of our lives.
Obama Pledges New “International Order” At West Point
President Obama on Saturday pledged to shape a new “international order” as part of a national security strategy that emphasizes his belief in global institutions and America’s role in promoting democratic values around the world.
US Begins Massive Military Build Up Around Iran, Sending Up To 4 New Carrier Groups In Region
As if uncontrollable economic contagion was not enough for the administration, Obama is now willing to add geopolitical risk to the current extremely precarious economic and financial situation.
Volcker Revelation: ‘Stiff’ New Tax Needed to Cover Obama Spending at 25% of GDP
“Stiff” new taxes? How about ’stiff’ new spending cuts. It’s no surprise spending like a drunken sailor (apology to drunken sailors everywhere) on shore leave isn’t sustainable.
Senate Passes Faux Financial “Reform” Bill
The Senate passed a financial “reform” bill which won’t fix any of the core problems in the financial system, and won’t prevent the next financial crisis.
House votes to expand national DNA arrest database
"It's wrong to treat someone as guilty before they're convicted," says Jim Harper, director of information policy studies at the Cato Institute. "It inverts the concept of innocent until proven guilty."
Mexican President Knocks Arizona Law From White House Lawn (Video)
Mexican President Felipe Calderon took the unusual step Wednesday morning of criticizing an American law while visiting the White House, saying cooperation is needed to fix the US-Mexican immigration issue but "such laws as the Arizona law that is forcing our people to face discrimination. If we are divided, we cannot overcome these problems."
Leaked Doc Proves Spain’s ‘Green’ Policies — the Basis for Obama’s — an Economic Disaster
Pajamas Media has received a leaked internal assessment produced by Spain’s Zapatero administration. The assessment confirms the key charges previously made by non-governmental Spanish experts in a damning report exposing the catastrophic economic failure of Spain’s “green economy” initiatives.
‘Naked’ scanners may increase cancer risk
US scientists are warning that radiation from controversial full-body airport scanners has been dangerously underestimated and could lead to an increased risk of skin cancer – particularly in children.
Blanchflower Says Another EU Aid Package ‘Inevitable’
Former Bank of England policy maker David G. Blanchflower said another euro-region rescue package “inevitably is going to come” and the euro’s “unstoppable” decline may lead to parity with the U.S. dollar.
Gates Foundation Suggests Sterilizing Males with Ultrasound
Among the 78 research projects to receive $100,000 grants from the Bill & Melinda Gates Foundation earlier this week as part of the Grand Challenges in Global Health initiative, is an effort by researchers at the University of North Carolina, Chapel Hill, to develop a non-invasive, reversible form of birth control for men — using ultrasound.
Kerry – Lieberman: Corrupt Climate Science Used To Destroy US Economy
Lieberman American Power Act (APA) is a disastrous, unnecessary solution for a non-existent problem. Worse, it’s a problem that exists only in a grossly inadequate computer model whose projections have never been correct. It is predicated on the false assumption that an increase in CO2 causes a temperature increase.
Shining a Light on the Shadow Bank Lobby
These days, a “shadow bank lobby,” has played a prominent role in shaping the financial reform process, pushing amendments that will weaken consumer protections, water down regulation of the Wall Street casino, and increase the likelihood of continuing fraud and future bailouts.
Uncovered Audio: Obamas Regulatory Czar Pushes Creepy Plan For Legally Controlling Internet Information (Video)
Cass Sunstein: "Sometimes people don't do what's best for our society."
Greece Considering Legal Action Against U.S. Banks for Crisis
Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said.
More troops hospitalized for mental health than any other reason
More U.S. troops were hospitalized for mental health disorders than any other reason in 2009.
Obama Administration Proposes Rolling Back Fifth and Sixth Amendments for Suspects
President Obama’s legal advisers are considering asking Congress to allow the government to detain terrorism suspects longer after their arrests before presenting them to a judge for an initial hearing, according to administration officials familiar with the discussions.
US faces one of biggest budget crunches in world – IMF
Exhibit a is the fact that under the Obama administration’s current fiscal plans, the national debt in the US (on a gross basis) will climb to above 100pc of GDP by 2015 – a far steeper increase than almost any other country.
Europe's fiscal Fascism brings British withdrawal ever closer
Just when you thought the EU could not go any further down the road towards authoritarian excess, it gets worse.
Mervyn King: “World’s Worst Financial Crisis Ever
Bank of England Governor Mervyn King says: We are still halfway through the world’s worst financial crisis ever.
Seymour Hersh: US troops executing prisoners in Afghanistan
Obama is merely continuing what Bush and the neocons began.
US faces same problems as Greece, says Bank of England
Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe.
The Bailout of Big American Banks Has Cost Trillions More Than We've Been Told
The bailout money is just going to line the pockets of the wealthy, instead of helping to stabilize the economy or even the companies receiving the bailouts.
EU bids for power over national budgets
Senior administrators of the European Union proposed on Wednesday that they be given unprecedented power to scrutinize the spending plans of countries before national parliaments vote on those budgets.
Elena Kagan and the Supreme Court: A Barnyard Smell in Chicago, Harvard and Washington
It is no coincidence that Kagan appointed a notorious Bush torture advocate, the genial Jack Goldsmith, to the Harvard Law faculty.
New British Prime Minister A Member Of UK Equivalent Of Skull & Bones Society
You thought that George W. Bush was an ultra-rich kid with a sense of entitlement to rule and a mission to take care of fellow millionaires? Meet Britain’s new Prime Minister: The Right Honorable David William Donald Cameron.
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