Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.The Fed increased its existing currency swaps with foreign central banks to $620 billion from $290 billion to make more dollars available worldwide. The [...] continue reading the breaking news
Dienstag, 30. September 2008
Fed Pumps Further $630 Billion Into Financial System
Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.The Fed increased its existing currency swaps with foreign central banks to $620 billion from $290 billion to make more dollars available worldwide. The [...] continue reading the breaking news
Controlled Demolition Of The US Dollar And Banking System
Related:- Rep. Michael Burgess: “We Are Under Martial Law”- Rep. Marcy Kaptur warns: There are domestic enemies to the RepublicSource: YouTube continue reading the breaking news
U.S. Stocks Plunge After House Votes Against Bailout Plan
Sept. 29 (Bloomberg) — U.S. stocks plunged and the Standard & Poor’s 500 Index tumbled the most since 1987 after the House of Representatives voted down a $700 billion plan to rescue the financial system.Sovereign Bancorp Inc. tumbled 66 percent and National City Corp. slid 52 percent, leading financial shares in the S&P 500 to [...] continue reading the breaking news
Montag, 29. September 2008
Bailout failure will cause US crash
The bailout has already failed, because it cannot not fail. Now nobody will laugh anymore at Ron Paul who predicted all of this chaos a long time ago.Do you remember this article? Fortis Bank Predicts US Financial Market Meltdown Within Weeks___________________________________________________________________________The US stock market could suffer a devastating crash with shares losing a third of [...] continue reading the breaking news
FDIC Announces Citigroup to Buy Wachovia
Citigroup has agreed to buy Wachovia bank in a deal brokered by the Federal Deposit Insurance Corporation to avoid another major corporate failure in the midst of the ongoing financial crisis.The FDIC announced the deal on its Web site this morning. No price for the transaction was included in the announcement. But the FDIC said [...] continue reading the breaking news
World War III
FIGHTER jets, infantry troops, destroyers and submarines will converge on Wales next month for one of the largest military exercises of all time.The two-week exercise - codenamed Joint Warrior - is designed to recreate a scenario in which Britain and other sovereign nations go to war against a “state-sponsored terrorist movement” - using a vast [...] continue reading the breaking news
Rep. Marcy Kaptur warns: There are domestic enemies to the Republic
Photo: Perpetrators of the greatest financial crime in history celebrating their fraud against the American people. Rep. Marcy Kaptur (D-OH) warns the American people about Constitutional enemies of the Republic and the fraudulent trillion(s) dollar bailout:“My message to the American people don’t let Congress seal this deal. High financial crimes have been committed.”“The normal legislative [...] continue reading the breaking news
Fortis Gets EU11.2 Billion Rescue From Governments
Sept. 29 (Bloomberg) — Fortis, the largest Belgian financial-services firm, received an 11.2 billion-euro ($16.3 billion) rescue from Belgium, the Netherlands and Luxembourg after investor confidence in the bank evaporated last week.Belgium will buy 49 percent of Fortis’s Belgian banking unit for 4.7 billion euros, while the Netherlands will pay 4 billion euros for a [...] continue reading the breaking news
Sonntag, 28. September 2008
Fifth Grader Suspended For Wearing Anti-Obama Shirt
This child just forgot to add Bush, Cheney, McCain, Clinton, Paulson etc.The other side of the shirt should read: “Ron Paul, Freedom’s Best Friend.”_________________________________________________________________________An 11-year-old boy in Colorado was suspended from school after he refused to take off a shirt that read, “Obama is a terrorist’s best friend.” His father says that the school is [...] continue reading the breaking news
China Shuns Paulson’s Free Market Push as Meltdown Burns U.S.
“An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention,” Paulson said.Contemplate that for a moment.Now add this to your contemplation:Section 8 of the proposed legislation says it all:“Decisions by the Secretary pursuant to the authority of this Act are [...] continue reading the breaking news
U.K. to Protect Bradford & Bingley; BBC Reports Nationalization
Sept. 28 (Bloomberg) — The U.K. government will act to protect Bradford & Bingley Plc customers, Chief Whip Geoff Hoon said after the British Broadcasting Corp. reported the country’s biggest lender to landlords will be taken over by the state. Prime Minister Gordon Brown and Chancellor of the Exchequer Alistair Darling “have worked right [...] continue reading the breaking news
FBI investigating companies at heart of meltdown
WASHINGTON: The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned.Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac, and insurer American International Group Inc. [...] continue reading the breaking news
Samstag, 27. September 2008
Bernanke Signals U.S. Should Pay More for Bad Debt
Hey it’s taxpayers money, so the higher the price the better.___________________________________________________________________________Ben S. Bernanke, chairman of the U.S. Federal Reserve, testifies before the Senate Banking Committee in Washington, Sept. 23, 2008. Photographer: Joshua Roberts/Bloomberg NewsSept. 23 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke signaled that the government should buy devalued assets at above-market values to [...] continue reading the breaking news
Markets face major crash if US bail-out plan collapses
There will be a depression anyway, but if the bailout “succeeds” there will be a complete meltdown in the not too distant future. Again the elite is pressing the fear button._____________________________________________________________________________World markets depend on Paulson’s plan Photo: GETTY London shares could lose a fifth of their value and the money market faces collapse unless [...] continue reading the breaking news
Homeland Security Detects Terrorist Threats by Reading Your Mind
Baggage searches are SOOOOOO early-21st century. Homeland Security is now testing the next generation of security screening - a body scanner that can read your mind.Most preventive screening looks for explosives or metals that pose a threat. But a new system called MALINTENT turns the old school approach on its head. This Orwellian-sounding machine detects [...] continue reading the breaking news
Bailout can’t hide it - the United States is broke
By Chris PowellCHRIS POWELL IS MANAGING EDITOR OF THE JOURNAL INQUIRER IN MANCHESTER.Even leading Republicans in Congress, including presidential nominee Sen. John McCain, recoiled from Treasury Secretary Henry M. Paulson’s proposal to take absolute power over $700 billion to be borrowed by the federal government and used to purchase every sort of bad debt without [...] continue reading the breaking news
U.S. says Pakistan shot at U.S. helicopters in Afghanistan
The observer of a helicopter of the International Security Assistance Force (ISAF) sits on the back door during a flight from Feyzabad to Kunduz, north of Kabul, September 24, 2008.WASHINGTON (Reuters) - Two NATO helicopters fired upon by Pakistani forces on Thursday were U.S. military aircraft operating inside Afghanistan, the Pentagon said.“They were U.S. helicopters,” [...] continue reading the breaking news
Freitag, 26. September 2008
FDIC May Need $150 Billion Bailout as Local Bank Failures Mount
Sept. 25 (Bloomberg) — Deborah Horn tugs on the handle of the glass-paned entrance of the IndyMac Bancorp Inc. branch in Manhattan Beach, California. The door won’t budge. The weekend is approaching, and Horn, 44, the sole breadwinner in a family of three, needs cash.A small notice taped to the window on this Friday afternoon [...] continue reading the breaking news
Bailout Could Deepen Crisis, CBO Chief Says
Asset Sales May Lead to Write-Downs, Insolvencies, Orszag Tells CongressPeter R. Orszag, director of the Congressional Budget Office, testifies on Capitol Hill yesterday. (By Brendan Hoffman — Getty Images)The director of the Congressional Budget Office said yesterday that the proposed Wall Street bailout could actually worsen the current financial crisis.During testimony before the House Budget [...] continue reading the breaking news
Feds give customs agents free hand to seize travelers’ documents
SAN FRANCISCO — The Bush administration has overturned a 22-year-old policy and now allows customs agents to seize, read and copy documents from travelers at airports and borders without suspicion of wrongdoing, civil rights lawyers in San Francisco said Tuesday in releasing records obtained in a lawsuit.The records also indicate that the government gives customs [...] continue reading the breaking news
WaMu: The biggest bank failure in U.S. history.
JPMorgan Buys WaMu Bank Business as Thrift SeizedSept. 25 (Bloomberg) — JPMorgan Chase & Co., the third- biggest U.S. bank by assets, agreed to acquire Washington Mutual Inc.’s deposits and branches for $1.9 billion after regulators seized the thrift in the biggest bank failure in U.S. history.Customers withdrew $16.7 billion from WaMu accounts since Sept. [...] continue reading the breaking news
Lawmakers: Financial bailout agreement reached
Senate Banking Committee Chairman Sen. Chris Dodd., D-Conn., center, speaks during a news conference with, from left, Sen. Bob Corker, R-Tenn., Sen. Charles Schumer, D-N.Y., Sen. Robert Bennett, R-Utah, Sen. Judd Gregg, R-N.H., and Sen. Jack Reed, D-R.I., following a meeting on the market turmoil on Capitol Hill in Washington, Thursday, Sept. 25, 2008. (AP [...] continue reading the breaking news
Donnerstag, 25. September 2008
Hundreds of Economists Urge Congress Not to Rush on Rescue Plan
Sept. 25 (Bloomberg) — More than 150 prominent U.S. economists, including three Nobel Prize winners, urged Congress to hold off on passing a $700 billion financial market rescue plan until it can be studied more closely.In a letter yesterday to congressional leaders, 166 academic economists said they oppose Treasury Secretary Henry Paulson’s plan because it’s [...] continue reading the breaking news
$5 Trillion Cash Pool Needed to Stop Rout, Ohmae Says
Sept. 23 (Bloomberg) — Treasury Secretary Henry Paulson’s $700 billion plan to buy devalued assets from financial companies is “a joke” because it doesn’t go far enough to calm markets, said Kenichi Ohmae, president of Business Breakthrough Inc.Ohmae, nicknamed “Mr. Strategy” during his 23 years as a McKinsey & Co. partner, called for a $5 [...] continue reading the breaking news
BAILOUT: Ron Paul Educates Bernanke…yet again 9/24/2008
Source: YouTubeWednesday, September 24, 2008Dear Friends,Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.The events of the past week are no exception.The bailout package [...] continue reading the breaking news
House approves $25 billion loan program for automakers
Those carmakers do not deserve a single cent and here is why:Who Killed The Electric Car? (Documentary) Documentary about GM killing of the electric car. It has been here since ‘96 but they killed it off. The “gasoline” for operating this car only costs 16 cents per gallon!_____________________________________________________________________________DETROIT - The auto industry moved a step [...] continue reading the breaking news
Mittwoch, 24. September 2008
UK: COST OF BREAD AND BUTTER UP 43%
INCREASE: Bread price has soaredTHE cost of basic foods has soared by nearly 10 times the official inflation rate.A loaf of sliced white bread and a packet of butter now add up to £2.33 - a 43 per cent rise from £1.62 last year.Eggs are up 27 per cent at £2.90 a dozen, cheddar cheese [...] continue reading the breaking news
Ron Paul: Bailouts will lead to rough economic ride
By Ron PaulSpecial to CNNRep. Ron Paul says the government’s solution to the crisis is the same as the cause of it — too much government.(CNN) — Many Americans today are asking themselves how the economy got to be in such a bad spot.For years they thought the economy was booming, growth was up, job [...] continue reading the breaking news
California: Parents do not have a constitutional right to homeschool their children
Homeschooling Banned in California as State Turns Parents Into Criminals for Teaching Their Own Children(NaturalNews) A California appeals court has ruled that homeschooling of children is illegal unless their parents have teaching credentials from the state.“California is now on the path to being the only state to deny the vast majority of homeschooling parents [...] continue reading the breaking news
Democrats and Republicans alike sceptical of Bush bailout plan
Federal Reserve chairman Ben Bernanke folds his hands while testifying with US Treasury secretary Henry Paulson before the Senate banking committee on Tuesday. Photograph: Charles Dharapak/APThe proposed $700bn bailout of US financial markets faced harsh criticism in Congress today, with liberals and conservatives both sceptical that granting the Bush administration power to buy up risky [...] continue reading the breaking news
Dienstag, 23. September 2008
Ron Paul: I’m supporting Chuck Baldwin, the Constitution Party candidate
A New Alliance - By Dr. Ron PaulThe press conference at the National Press Club had a precise purpose. It was to expose, to as many people as possible, the gross deception of our presidential election process. It is controlled by the powerful elite to make sure that neither candidate of the two [...] continue reading the breaking news
$13 Billion in Iraq Aid Wasted Or Stolen, Ex-Investigator Says
Salam Adhoob, former investigator for Iraq’s Commission on Public Integrity, at the Democratic Policy Committee hearing on waste and fraud in Iraq. (By Susan Walsh — Associated Press)A former Iraqi official estimated yesterday that more than $13 billion meant for reconstruction projects in Iraq was wasted or stolen through elaborate fraud schemes.Salam Adhoob, a former [...] continue reading the breaking news
Military intelligence: Iran halfway to first nuclear bomb
Have a look at the related articles from the Jerusalem Post:“Column One: Israel must bomb Iran’s nuclear installations”Warmongers ahead!?Israel has according to Jimmy Carter around 150 nuclear weapons. Even if Iran wants to develop a nuclear weapon, is this reason enough for an attack? If so, then maybe someone should have been attacking Israel [...] continue reading the breaking news
Goldman Sachs and Morgan Stanley have been put under Federal control
Morgan Stanley headquarters in New YorkInvestment banks Goldman Sachs and Morgan Stanley have been put under Federal control as part of a package aimed at rescuing the US finance system.The move not only puts the two financial services giants under the direct supervision of bank regulators but also gives the Fed the power to force [...] continue reading the breaking news
Mushroom Clouds Over Wall Street
By MIKE WHITNEY“One bank to rule them all;One bank to bind them…”These are dark times. While you were sleeping the cockroaches were busy about their work, rummaging through the US Constitution, and putting the finishing touches on a scheme to assert absolute power over the nation’s financial markets and the country’s economic future. Industry [...] continue reading the breaking news
Montag, 22. September 2008
China toxic milk sickens 53,000 as scare spreads
BEIJING (AFP) - China’s tainted milk scandal spiralled into uncharted territory Monday with the government announcing that up to 53,000 children had been sickened and its top product-quality inspector sacked.In a dramatic update of previous figures, the health ministry said a total of 52,857 children were taken to hospital after drinking milk thought to have [...] continue reading the breaking news
America Versus the Financial Elite
The people don’t want it (see this poll showing that only 28% support the bailout; and see this).Most economists don’t want it (see this and this).Many congress people don’t want it (see here and here).So who wants the bailout?The only people who want it are the big money boys, the ultra elite, including the Wall [...] continue reading the breaking news
Minister: Alitalia might not last a week
ROME: Alitalia might stop flying within a week if unions don’t change course and accept a rescue plan offered by Italian investors, Italy’s transport minister said Sunday.The only hope for the survival of Italy’s bankrupt flagship airline is for union leaders to agree to the investors’ terms, and for the government to convince the investors [...] continue reading the breaking news
UK: Taxes will soar in credit crisis
An office worker looks at a screen showing trading on the FTSE 100 indexTAXPAYERS in Britain face up to 5p in the pound in extra taxes because of the credit crunch created by the banks, leading economists have warned. After a week of unprecedented financial turmoil, they predict that government borrowing is about to surge [...] continue reading the breaking news
Treasury Seeks Asset-Buying Power Unchecked by Courts!
Sept. 21 (Bloomberg) — The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets.Through his plan, Treasury Secretary Henry Paulson aims to avert a credit freeze that would bring the financial system and the world’s [...] continue reading the breaking news
Sonntag, 21. September 2008
I accidentally . . . . the whole economy
Flames poured from the Marriott Hotel in Islamabad on Saturday after a massive truck bombing.ISLAMABAD, Pakistan - A huge truck bomb exploded at the entrance to the Marriott Hotel in Islamabad on Saturday evening, killing at least 40 people and wounding more than 150, the police said.The blast, one of the worst acts of terrorism [...] continue reading the breaking news
Bomb Explodes at Hotel in Pakistan’s Capital, Killing at Least 40
Flames poured from the Marriott Hotel in Islamabad on Saturday after a massive truck bombing.ISLAMABAD, Pakistan - A huge truck bomb exploded at the entrance to the Marriott Hotel in Islamabad on Saturday evening, killing at least 40 people and wounding more than 150, the police said.The blast, one of the worst acts of terrorism [...] continue reading the breaking news
12th bank failure of the year announced
Regulators close down Ameribank Inc., a West Virginia-based-bank with total assets of $115 million.NEW YORK (CNNMoney.com) — Ameribank Inc. was shut down on Friday by the Office of the Thrift Supervision, making it the 12th bank this year to go under.The Northfork, West Virginia bank had total assets of $115 million and total deposits of [...] continue reading the breaking news
Paulson Bailout Plan a Historic Swindle
Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has [...] continue reading the breaking news
Samstag, 20. September 2008
Mission Accomplished
The Crash of 2008, which is now wiping out trillions of dollars of our people’s wealth, is, like the Crash of 1929, likely to mark the end of one era and the onset of another.The new era will see a more sober and much diminished America. The “Omnipower” and “Indispensable Nation” we heard about in [...] continue reading the breaking news
Pat Buchanan: The Party’s Over
The Crash of 2008, which is now wiping out trillions of dollars of our people’s wealth, is, like the Crash of 1929, likely to mark the end of one era and the onset of another.The new era will see a more sober and much diminished America. The “Omnipower” and “Indispensable Nation” we heard about in [...] continue reading the breaking news
Bush wants OK to spend $700.000.000.000
Bailout proposal sent to Congress seeks authorization to spend as much as $700 billion to buy troubled mortgage-related assets.NEW YORK (CNNMoney.com) — President Bush has asked Congress for the authority to spend as much as $700 billion to purchase troubled mortgage assets and contain the financial crisis.The legislative proposal - the centerpiece of what would [...] continue reading the breaking news
The Real Reason for the Global Financial Crisis…the Story No One’s Talking About
Part I of a three-part series looking at how so-called “credit default swap” derivatives could ignite a worldwide capital markets meltdown.Are you shell-shocked? Are you wondering what’s really going on in the market? The truth is probably more frightening than even your worst fears. And yet, you won’t hear about it anywhere else because “they” [...] continue reading the breaking news
US Taxpayer: A Giant Dumpster For Illiquid Assets
Paulson, Bernanke, and Congress are conspiring to make the US taxpayer the fall guy for financial stupidity by banks and brokers. Congress is now willing to ram through legislation at the last moment, even though Senate Majority Leader Reid Says “No One Knows What to Do”.Please consider Paulson, Bernanke Push New Proposal to Cleanse [...] continue reading the breaking news
Freitag, 19. September 2008
FDA Considers Engineered Animals For Food
Agency Will Accept Industry Proposals To Sell The Public Animals With Mixed DNATwo featherless chickens peck around in some grass at the Hebrew University in Rehovot. Israeli scientists at the Agriculture department of the university have genetically engineered bare-skinned chickens as part of a research project to develop succulent, low fat poultry that is environmentally [...] continue reading the breaking news
Stocks rally on report of entity for bad debt
Stocks end sharply higher on report that government will create entity to hold banks’ debtNEW YORK (AP) — Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government might create an entity to absorb banks’ bad debt. The [...] continue reading the breaking news
‘U.S. may use Georgian air bases to strike at Iran’
AFP Photo/US Navy/ Peter ScheuThe U.S. military could have plans to use Georgian air bases to launch air strikes against Iran, according to Russia’s envoy to NATO Dmitry Rogozin. He pointed out that Georgia would be the perfect base for a potential U.S. operation in Iran.Speaking in Brussels, Dmitry Rogozin said: “What NATO is doing [...] continue reading the breaking news
Donnerstag, 18. September 2008
Fed, ECB, Bank of Japan Lead Global Plan to Pump $247 Billion Into Markets
Sept. 18 (Bloomberg) — The Federal Reserve almost quadrupled the amount of dollars central banks can auction around the world to $247 billion in a coordinated bid to ease the worst crisis facing financial markets since the 1920s.The Fed increased the amount of dollars that the European Central Bank, the Bank of Japan and other [...] continue reading the breaking news
Wall Street crisis deepens and Banks rush to do deals
NEW YORK (Reuters) - Manic and increasingly desperate dealmaking gripped Wall Street on Wednesday as U.S. stocks plummeted to three-year lows amid new signs of distress in the global financial industry.Morgan Stanley was discussing a merger with regional banking powerhouse Wachovia, the New York Times reported. CEO John Mack got [...] continue reading the breaking news
Russian stock markets closed until Friday
Medvedev calls for more measuresMOSCOW (AP) — Russia closed its stock exchanges for a second day Thursday as President Dmitry Medvedev pledged a 500 billion ruble ($20 billion) injection into financial markets to stem a dizzying plummet in share prices — and quash fears of a repeat of the country’s 1998 financial collapse.Russian President Dmitry [...] continue reading the breaking news
Fed, ECB, Bank of Japan Lead Global Plan to Pump $247 Billion Into Markets
Sept. 18 (Bloomberg) — The Federal Reserve almost quadrupled the amount of dollars central banks can auction around the world to $247 billion in a coordinated bid to ease the worst crisis facing financial markets since the 1920s.The Fed increased the amount of dollars that the European Central Bank, the Bank of Japan and other [...] continue reading the breaking news
Nigeria militants threaten broader delta “oil war”
PORT HARCOURT, Nigeria (Reuters) - Nigerian militants threatened on Wednesday to broaden their “oil war” to offshore oilfields and announced attacks on a crude oil pipeline in the Niger Delta and another Shell-operated facility.The Movement for the Emancipation of the Niger Delta (MEND), responsible for attacks that have cut a fifth of OPEC member Nigeria’s [...] continue reading the breaking news
Nigeria militants threaten broader delta “oil war”
PORT HARCOURT, Nigeria (Reuters) - Nigerian militants threatened on Wednesday to broaden their “oil war” to offshore oilfields and announced attacks on a crude oil pipeline in the Niger Delta and another Shell-operated facility.The Movement for the Emancipation of the Niger Delta (MEND), responsible for attacks that have cut a fifth of OPEC member Nigeria’s [...] continue reading the breaking news
Russia threatens to seize swathe of Arctic
President Dmitry Medvedev said that Russia should unilaterally claim part of the Arctic, stepping up the race for the disputed energy-rich region.The expedition to plant a Russian flag on the seabed beneath the ice of the North Pole last August Photo: REUTERS“We must finalise and adopt a federal law on the southern border of [...] continue reading the breaking news
Russia threatens to seize swathe of Arctic
President Dmitry Medvedev said that Russia should unilaterally claim part of the Arctic, stepping up the race for the disputed energy-rich region.The expedition to plant a Russian flag on the seabed beneath the ice of the North Pole last August Photo: REUTERS“We must finalise and adopt a federal law on the southern border of [...] continue reading the breaking news
Mittwoch, 17. September 2008
Troops arrest Bolivian governor
Mr Fernandez supported an autonomy referendum earlier in 2008Bolivian troops have arrested the governor of a northern province wracked by deadly anti-government violence in recent days, state television reports.Leopoldo Fernandez, an opponent of President Evo Morales, is accused of backing violence in Pando in which some 16 people died.Mr Morales declared a state of [...] continue reading the breaking news
Fed pumps $70B into nation’s financial system
WASHINGTON - Urgently trying to keep cash flowing amid a Wall Street meltdown, the Federal Reserve on Tuesday pumped another $70 billion into the nation’s financial system to help ease credit stresses.The Federal Reserve Bank of New York’s action came in two operations in which $50 billion and then another regularly scheduled $20 billion were [...] continue reading the breaking news
City uses DNA to fight dog poop
PETAH TIKVA, Israel (Reuters) - An Israeli city is using DNA analysis of dog droppings to reward and punish pet owners.Under a six-month trial programme launched this week, the city of Petah Tikva, a suburb of Tel Aviv, is asking dog owners to take their animal to a municipal veterinarian, who then swabs its mouth [...] continue reading the breaking news
16 Are Killed in Attack on U.S. Embassy in Yemen
Yemen News Agency, via Reuters: Smoke rose near the U.S. Embassy in Sana, Yemen, on Wednesday after armed militants detonated a car bomb at its gates.BEIRUT, Lebanon - Heavily armed militants opened fire on the United States Embassy in Sana, Yemen, on Wednesday and detonated a car bomb at its gates, in an attack that [...] continue reading the breaking news
Troops arrest Bolivian governor
Mr Fernandez supported an autonomy referendum earlier in 2008Bolivian troops have arrested the governor of a northern province wracked by deadly anti-government violence in recent days, state television reports.Leopoldo Fernandez, an opponent of President Evo Morales, is accused of backing violence in Pando in which some 16 people died.Mr Morales declared a state of [...] continue reading the breaking news
AIG has under 24 hours to raise $80bn and avoid collapse
A man walks through a revolving door at an American International Group (AIG) building in New York’s financial district September 16, 2008. REUTERS/Lucas JacksonThe world’s largest insurance company has less than 24 hours to raise $80bn (£45bn) or face collapse, a leading US politician has warned. The dire diagnosis for American International Group (AIG), made [...] continue reading the breaking news
AIG has under 24 hours to raise $80bn and avoid collapse
A man walks through a revolving door at an American International Group (AIG) building in New York’s financial district September 16, 2008. REUTERS/Lucas JacksonThe world’s largest insurance company has less than 24 hours to raise $80bn (£45bn) or face collapse, a leading US politician has warned. The dire diagnosis for American International Group (AIG), made [...] continue reading the breaking news
Fed to give AIG $85 billion loan and take 80% stake
A man behind the door at an American International Group building in New York’s financial district on Tuesday. (Lucas Jackson/Reuters)In an extraordinary turn, the Federal Reserve agreed Tuesday night to take a nearly 80 percent stake in the troubled giant insurance company, the American International Group, in exchange for an $85 billion loan.The Federal Reserve [...] continue reading the breaking news
Fed to give AIG $85 billion loan and take 80% stake
A man behind the door at an American International Group building in New York’s financial district on Tuesday. (Lucas Jackson/Reuters)In an extraordinary turn, the Federal Reserve agreed Tuesday night to take a nearly 80 percent stake in the troubled giant insurance company, the American International Group, in exchange for an $85 billion loan.The Federal Reserve [...] continue reading the breaking news
Dienstag, 16. September 2008
Der Spiegel: DID SAAKASHVILI LIE?
Part1: The West Begins to Doubt Georgian LeaderFive weeks after the war in the Caucasus the mood is shifting against Georgian President Saakashvili. Some Western intelligence reports have undermined Tbilisi’s version of events, and there are now calls on both sides of the Atlantic for an independent investigation. APGeorgia’s President Mikhail Saakashvili visits Gori last [...] continue reading the breaking news
Scottish activist films Israeli navy shooting at Gaza fishermen
Claims of 14 deaths in previous incidentsA SCOTTISH human rights activist has filmed the Israeli navy firing machine guns at unarmed Palestinian fishing boats in the Mediterranean Sea off the coast of the Gaza Strip.The footage, taken on September 6 by Andrew Muncie, who is from the Highlands, shows an Israeli gunboat engaging fishing boats [...] continue reading the breaking news
Pakistan orders troops to open fire if US raids
ISLAMABAD, Pakistan (AP) - Pakistan’s military has ordered its forces to open fire if U.S. troops launch another air or ground raid across the Afghan border, an army spokesman said Tuesday.The orders, which come in response to a highly unusual Sept. 3 ground attack by U.S. commandos, are certain to heighten tensions between Washington and [...] continue reading the breaking news
IAEA: Iran blocks probe into alleged atom bomb work
VIENNA (Reuters) - Iran has blocked a U.N. inquiry into whether it researched ways to make a nuclear bomb, the U.N. nuclear watchdog said on Monday, as Britain said it would push hard for tougher sanctions against Tehran.A confidential IAEA report said Iran had raised the number of centrifuges enriching uranium by 500 to 3,820 [...] continue reading the breaking news
Hindu-Christian riots spread in India
NEW DELHI, India (CNN) — Three weeks after an apparent misunderstanding sparked a confrontation, deadly Hindu-Christian riots continue unabated in the remote east Indian state of Orissa.Police officers chase away a protester in Mangalore, India, Monday.By Tuesday, about 20 deaths had been reported, said Praveen Kumar, the superintendent of police in the worst-affected Kandhamal district.The [...] continue reading the breaking news
Home Office: Car journeys to be stored on a national database for five years
CCTV cameras, converted to read ANPR data, capturing people’s movement. Photograph: Peter Macdiarmid/ReutersThe police are to expand a car surveillance operation that will allow them to record and store details of millions of daily journeys for up to five years, the Guardian has learned. Paul Lewis on police plans to store car surveillance records [...] continue reading the breaking news
Wilbur Ross: Possibly a Thousand Banks Will Close
In an exclusive interview with CNBC.com, Wilbur Ross, chairman and CEO of WL Ross & Co., says he sees possibly as many as a thousand bank closures in the coming months. And this will create opportunities for investors.(Watch the full CNBC.com exclusive interview with Wilbur Ross )“I do think a lot of the regional ones [...] continue reading the breaking news
Controlled drugs dumped uncontrolled into water
MINNEAPOLIS (AP) - In a frustrating quirk in government policy, the most tightly controlled drugs - like painkilling narcotics prone to abuse - are the ones that most often elude environmental regulation when they become waste.Federal narcotics regulators impose strict rules meant to keep controlled pharmaceuticals out of the wrong hands. Yet those rules also [...] continue reading the breaking news
IAEA: Iran blocks probe into alleged atom bomb work
VIENNA (Reuters) - Iran has blocked a U.N. inquiry into whether it researched ways to make a nuclear bomb, the U.N. nuclear watchdog said on Monday, as Britain said it would push hard for tougher sanctions against Tehran.A confidential IAEA report said Iran had raised the number of centrifuges enriching uranium by 500 to 3,820 [...] continue reading the breaking news
Montag, 15. September 2008
U.S. to sell Israel Air Force smart bombs for heavily fortified targets
Despite reservations in Washington regarding a possible Israeli strike on Iran, the American administration will supply Israel with sophisticated weapons for heavily fortified targets, the U.S. administration announced.The U.S. Department of Defense announced it would sell the Israel Air Force 1,000 new smart bombs, rumored to significantly enhance the IAF’s military capabilities. The deal was [...] continue reading the breaking news
Wilbur Ross: Possibly a Thousand Banks Will Close
In an exclusive interview with CNBC.com, Wilbur Ross, chairman and CEO of WL Ross & Co., says he sees possibly as many as a thousand bank closures in the coming months. And this will create opportunities for investors.(Watch the full CNBC.com exclusive interview with Wilbur Ross )“I do think a lot of the regional ones [...] continue reading the breaking news
Lehman Brothers teeters on verge of collapse as Barclays pulls out
Lehman Brothers HQ in New YorkGlobal investment bank Lehman Brothers is teetering on the verge of collapse after Barclays pulled out of an 11th-hour rescue.The departure of Barclays left US Treasury Secretary Hank Paulson and Tim Geithner, the head of the Federal Reserve Bank of New York, spearheading desperate last-ditch attempts to put in place [...] continue reading the breaking news
Deposit insurance system may face WaMu test
Attention has focused on the danger presented by the failure of Lehman Brothers. But the failure of a commercial bank such as Washington Mutual can have systemic consequences if it threatens a run on other weak banks.Washington Mutual - the sixth largest bank in the US - has lost more than a third of its [...] continue reading the breaking news
Jobless set to top two million as the UK economy heads for meltdown
A JobCentre officeThe true scale of the jobs disaster facing Britain is revealed today as experts issue dire warnings that up to half a million workers will lose their jobs over the next two years, as companies cut costs and scale back investment plans to survive the economic downturn.Official figures are widely expected to reveal [...] continue reading the breaking news
China Detains 19 as Toxic Formula Sickens Hundreds of Infants
SHANGHAI - China said Saturday that 19 people had been detained by the police as part of an investigation into how baby formula had become contaminated with an industrial chemical. The formula is implicated in the death of one infant, and at least 432 others have been afflicted with kidney problems.The government also said Saturday [...] continue reading the breaking news
Deposit insurance system may face WaMu test
Attention has focused on the danger presented by the failure of Lehman Brothers. But the failure of a commercial bank such as Washington Mutual can have systemic consequences if it threatens a run on other weak banks.Washington Mutual - the sixth largest bank in the US - has lost more than a third of its [...] continue reading the breaking news
Lehman Brothers teeters on verge of collapse as Barclays pulls out
Lehman Brothers HQ in New YorkGlobal investment bank Lehman Brothers is teetering on the verge of collapse after Barclays pulled out of an 11th-hour rescue.The departure of Barclays left US Treasury Secretary Hank Paulson and Tim Geithner, the head of the Federal Reserve Bank of New York, spearheading desperate last-ditch attempts to put in place [...] continue reading the breaking news
Sonntag, 14. September 2008
China Detains 19 as Toxic Formula Sickens Hundreds of Infants
SHANGHAI - China said Saturday that 19 people had been detained by the police as part of an investigation into how baby formula had become contaminated with an industrial chemical. The formula is implicated in the death of one infant, and at least 432 others have been afflicted with kidney problems.The government also said Saturday [...] continue reading the breaking news
Jobless set to top two million as the UK economy heads for meltdown
A JobCentre officeThe true scale of the jobs disaster facing Britain is revealed today as experts issue dire warnings that up to half a million workers will lose their jobs over the next two years, as companies cut costs and scale back investment plans to survive the economic downturn.Official figures are widely expected to reveal [...] continue reading the breaking news
McCain’s Court: Change We Don’t Need
Related video: (CNN) Ron Paul’s Major Announcement: Reject Obama and McCain!___________________________________________________________________________More justices in the mold of Antonin Scalia could be on the way under a McCain presidency. (Flickr: Chris Eversole)There has been much debate about whether Sen. John McCain is a candidate of change. But in one area, McCain is unquestionably a reformer. He would [...] continue reading the breaking news
Terror Plan Would Give F.B.I. More Power
WASHINGTON - The Justice Department made public on Friday a plan to expand the tools the Federal Bureau of Investigation can use to investigate suspicions of terrorism inside the United States, even without any direct evidence of wrongdoing.Justice Department officials said the plan, which is likely to be completed by the end of the month [...] continue reading the breaking news
Ex-Minister: Saakashvili Planned South Ossetia Invasion
PARIS (Reuters) - Georgian President Mikheil Saakashvili had long planned a military strike to seize back the breakaway region of South Ossetia but executed it poorly, making it easy for Russia to retaliate, Saakashvili’s former defence minister said.Irakly Okruashvili, Georgia’s leading political exile, said in a weekend interview in Paris that the United States was [...] continue reading the breaking news
N.Y. Fed calls meeting to forestall Lehman collapse
SAN FRANCISCO (MarketWatch) — As U.S. Treasury officials made it clear the government will not bail out Lehman Bros., the Federal Reserve Bank of New York met Friday night with Wall Street executives in an effort to forestall the collapse of the investment firm and shore up rapidly weakening financial markets.The New York Fed called [...] continue reading the breaking news
N.Y. Fed calls meeting to forestall Lehman collapse
SAN FRANCISCO (MarketWatch) — As U.S. Treasury officials made it clear the government will not bail out Lehman Bros., the Federal Reserve Bank of New York met Friday night with Wall Street executives in an effort to forestall the collapse of the investment firm and shore up rapidly weakening financial markets.The New York Fed called [...] continue reading the breaking news
China may cut its dollar holdings - CICC
China, which holds a fifth of its currency reserves in Fannie Mae and Freddie Mac debt, may cut the portion held in US dollars, according to China International Capital Corp (CICC), one of the nation’s biggest investment banks.The US government this week seized control of the two mortgage-finance companies, which account for almost half of [...] continue reading the breaking news
China may cut its dollar holdings - CICC
China, which holds a fifth of its currency reserves in Fannie Mae and Freddie Mac debt, may cut the portion held in US dollars, according to China International Capital Corp (CICC), one of the nation’s biggest investment banks.The US government this week seized control of the two mortgage-finance companies, which account for almost half of [...] continue reading the breaking news
Samstag, 13. September 2008
Russia to launch rockets in the North Pacific
RUSSIAN submarines armed with intercontinental ballistic missiles will test-fire their rockets in the north Pacific Ocean between September 15 and 20.RIA Novosti news agency reported an unidentified official saying missile launches will be carried out in the Sea of Okhotsk and the Bering Sea and will hit targets on the Kamchatka Peninsula in eastern Russia.A [...] continue reading the breaking news
Russia to launch rockets in the North Pacific
RUSSIAN submarines armed with intercontinental ballistic missiles will test-fire their rockets in the north Pacific Ocean between September 15 and 20.RIA Novosti news agency reported an unidentified official saying missile launches will be carried out in the Sea of Okhotsk and the Bering Sea and will hit targets on the Kamchatka Peninsula in eastern Russia.A [...] continue reading the breaking news
Pakistan: Army ordered to hit back
Corps commanders discuss latest US strategyRAWALPINDI: The Pakistan Army has been ordered to retaliate against any action by foreign troops inside the country, Geo News quoted ISPR spokesman Maj Gen Athar Abbas as saying on Thursday night.Shakil Shaikh adds from Islamabad: Pakistan’s military commanders resolved to defend the country’s borders without allowing any external forces [...] continue reading the breaking news
Report: Oil Agency Ran Amok, Interior Dept. Inquiry Finds Sex, Drugs, Corruption
Government officials in charge of collecting billions of dollars worth of royalties from oil and gas companies accepted gifts, steered contracts to favored clients and engaged in drug use and illicit sex with employees of the energy firms, federal investigators reported yesterday.Investigators from the Interior Department’s inspector general’s office said more than a dozen employees, [...] continue reading the breaking news
Medvedev: Georgia attack is ‘Russia’s 9/11?
Mr Medvedev said he hoped lessons would be learned from August’s eventsRussian President Dmitry Medvedev has described Georgia’s assault on South Ossetia as Russia’s 9/11.He said the world had learnt lessons from the attacks in the US on 11 September 2001 and hoped the same would happen after events in the Caucasus.Reports say Russian troops [...] continue reading the breaking news
Pakistan: Army ordered to hit back
Corps commanders discuss latest US strategyRAWALPINDI: The Pakistan Army has been ordered to retaliate against any action by foreign troops inside the country, Geo News quoted ISPR spokesman Maj Gen Athar Abbas as saying on Thursday night.Shakil Shaikh adds from Islamabad: Pakistan’s military commanders resolved to defend the country’s borders without allowing any external forces [...] continue reading the breaking news
Ron Paul: US in Georgia for pipeline
Ron PaulUS Congressman Ron Paul says the United States is in Georgia not for democracy but to protect an oil pipeline bypassing Russia. “We are not for democracy there - we are there to protect a pipeline. And that is tragic for me,” he said.The remarks came as the US Senate Committee on Armed Services [...] continue reading the breaking news
Medvedev: Georgia attack is ‘Russia’s 9/11?
Mr Medvedev said he hoped lessons would be learned from August’s eventsRussian President Dmitry Medvedev has described Georgia’s assault on South Ossetia as Russia’s 9/11.He said the world had learnt lessons from the attacks in the US on 11 September 2001 and hoped the same would happen after events in the Caucasus.Reports say Russian troops [...] continue reading the breaking news
Bailouts Will Push US into Depression
Source: YouTubeThe end result of the global economic slowdown may be the U.S. announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government, Martin Hennecke, senior manager of private clients at Tyche, told CNBC on Thursday.“We expect a depression in the United States. [...] continue reading the breaking news
Freitag, 12. September 2008
Ron Paul: US in Georgia for pipeline
Ron PaulUS Congressman Ron Paul says the United States is in Georgia not for democracy but to protect an oil pipeline bypassing Russia. “We are not for democracy there - we are there to protect a pipeline. And that is tragic for me,” he said.The remarks came as the US Senate Committee on Armed Services [...] continue reading the breaking news
Bush Said to Give Orders Allowing Raids in Pakistan
WASHINGTON - President Bush secretly approved orders in July that for the first time allow American Special Operations forces to carry out ground assaults inside Pakistan without the prior approval of the Pakistani government, according to senior American officials.The classified orders signal a watershed for the Bush administration after nearly seven years of trying to [...] continue reading the breaking news
Female Soldiers More Likely to Be Raped than Killed in Action, Says Rep.
DOD Official Set to Testify Today at Hearing, Despite Not Showing Up in July“You serve your country and then destroy your life because the guy in the next bunk or the next foxhole becomes a sexual predator,” said Rep. Jane Harman (D-CA) of the females who have been sexually assaulted or raped while serving the [...] continue reading the breaking news
Bailouts Will Push US into Depression
Source: YouTubeThe end result of the global economic slowdown may be the U.S. announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government, Martin Hennecke, senior manager of private clients at Tyche, told CNBC on Thursday.“We expect a depression in the United States. [...] continue reading the breaking news
Report: Oil Agency Ran Amok, Interior Dept. Inquiry Finds Sex, Drugs, Corruption
Government officials in charge of collecting billions of dollars worth of royalties from oil and gas companies accepted gifts, steered contracts to favored clients and engaged in drug use and illicit sex with employees of the energy firms, federal investigators reported yesterday.Investigators from the Interior Department’s inspector general’s office said more than a dozen employees, [...] continue reading the breaking news
Jury decides that threat of global warming justifies breaking the law
The threat of global warming is so great that campaigners were justified in causing more than £35,000 worth of damage to a coal-fired power station, a jury decided yesterday. In a verdict that will have shocked ministers and energy companies the jury at Maidstone Crown Court cleared six Greenpeace activists of criminal damage.Jurors accepted defence [...] continue reading the breaking news
Jury decides that threat of global warming justifies breaking the law
The threat of global warming is so great that campaigners were justified in causing more than £35,000 worth of damage to a coal-fired power station, a jury decided yesterday. In a verdict that will have shocked ministers and energy companies the jury at Maidstone Crown Court cleared six Greenpeace activists of criminal damage.Jurors accepted defence [...] continue reading the breaking news
Venezuela’s Chavez says US ambassador must leave
CARACAS, Venezuela - President Hugo Chavez said the U.S. ambassador has 72 hours to leave Venezuela and that he’s recalling his ambassador from Washington.Chavez said Thursday night that he is asking U.S. Ambassador Patrick Duddy to leave in part to show solidarity with Bolivian President Evo Morales, who expelled Washington’s envoy in La Paz.“They’re trying [...] continue reading the breaking news
Donnerstag, 11. September 2008
Venezuela’s Chavez says US ambassador must leave
CARACAS, Venezuela - President Hugo Chavez said the U.S. ambassador has 72 hours to leave Venezuela and that he’s recalling his ambassador from Washington.Chavez said Thursday night that he is asking U.S. Ambassador Patrick Duddy to leave in part to show solidarity with Bolivian President Evo Morales, who expelled Washington’s envoy in La Paz.“They’re trying [...] continue reading the breaking news
No victory in Iraq says Petraeus
General David Petraeus doubts he will declare victory in IraqThe outgoing commander of US troops in Iraq, Gen David Petraeus, has said that he will never declare victory there.In a BBC interview, Gen Petraeus said that recent security gains were “not irreversible” and that the US still faced a “long struggle”.Related article: Pentagon admits Afghan [...] continue reading the breaking news
Rep. Dana Rohrbacher: “The Russians are right! We’re wrong! Georgia started it, the Russians ended it.”
“The Russians are right! We’re wrong! Georgia started it, the Russians ended it,” Rep. Dana Rohrbacher, a California Republican, told Assistant Secretary of State Dan Fried, who testified on administration policy to both the Senate panel and the House Foreign Affairs Committee._________________________________________________________________________________U.S. examines rebuilding Georgia’s militaryWASHINGTON, Sept 9 (Reuters) - The United States said on [...] continue reading the breaking news
Bush Said to Give Orders Allowing Raids in Pakistan
WASHINGTON - President Bush secretly approved orders in July that for the first time allow American Special Operations forces to carry out ground assaults inside Pakistan without the prior approval of the Pakistani government, according to senior American officials.The classified orders signal a watershed for the Bush administration after nearly seven years of trying to [...] continue reading the breaking news
Codex Alimentarius: Population Control Under the Guise of Consumer Protection
This article is a must read.Related video: Nutricide - Criminalizing Natural Health, Vitamins, and Herbs (Dr. Rima Laibow, M.D.)__________________________________________________________________________By: Dr. Gregory Damato, Ph.D.(NaturalNews) Codeath (sorry, I meant Codex) Alimentarius, latin for Food Code, is a very misunderstood organization that most people (including nearly all U.S. congressmen) have never heard of, never mind understand the true [...] continue reading the breaking news
Freddie, Fannie Scam Hidden in Broad Daylight
Sept. 9 (Bloomberg) — When the history is written on the collapse of Fannie Mae and Freddie Mac, it will go down in the annals of corporate scandals as one of the greatest accounting scams committed in broad daylight.All anyone had to do to know the government-guaranteed mortgage financiers were insolvent was read their financial [...] continue reading the breaking news
School Shooting Drill Terrifies Unknowing Teachers
This is absolute madness. They have intentionally traumatized innocent children and teachers.____________________________________________________________________________WCAU-TVupdated 2:15 p.m. ET Sept. 9, 2008About 50 teachers at a New Jersey school experienced a terrifying moment when a shooting rampage turned out to be a drill, but the teachers didn’t know it.It happened Aug. 28 at the Phillipsburg New Jersey Early Learning [...] continue reading the breaking news
Codex Alimentarius: Population Control Under the Guise of Consumer Protection
This article is a must read.Related video: Nutricide - Criminalizing Natural Health, Vitamins, and Herbs (Dr. Rima Laibow, M.D.)__________________________________________________________________________By: Dr. Gregory Damato, Ph.D.(NaturalNews) Codeath (sorry, I meant Codex) Alimentarius, latin for Food Code, is a very misunderstood organization that most people (including nearly all U.S. congressmen) have never heard of, never mind understand the true [...] continue reading the breaking news
Mittwoch, 10. September 2008
42 Percent Of State Public Schools Below Standards
Forty-two percent of Connecticut public schools failed to meet performance standards required under the federal No Child Left Behind Act, according to figures released by the state Department of Education today.That list includes about 100 more schools than last year, reflecting heightened standards for schools. The benchmarks are based on the percent of students who [...] continue reading the breaking news
Lawsuit to Ask That Cheney’s Papers Be Made Public
Vice President Cheney has said he does not have to make his papers public after leaving office because he is not part of the executive branch. A lawsuit to be filed today says they are covered under the 1978 Presidential Records Act. (By Alberto Pellaschiar — Associated Press)Months before the Bush administration ends, historians and [...] continue reading the breaking news
Freddie, Fannie Scam Hidden in Broad Daylight
Sept. 9 (Bloomberg) — When the history is written on the collapse of Fannie Mae and Freddie Mac, it will go down in the annals of corporate scandals as one of the greatest accounting scams committed in broad daylight.All anyone had to do to know the government-guaranteed mortgage financiers were insolvent was read their financial [...] continue reading the breaking news
Mandatory Microchipping In Adopted Pets
HEMPSTEAD, N.Y. (CBS) - Starting Monday, every dog and cat adopted from the largest animal shelter on Long Island will come with a microchip embedded in its skin. It’s a quick procedure that can help reunite families with their lost pets.Related article: CASPIAN RELEASES MICROCHIP CANCER REPORTSteven Reichert’s dog Sandy became the first to have [...] continue reading the breaking news
Park attendants ordered to interrogate adults spotted without children
Telford Town Park in Shropshire, where council workers have been told to confront lone adults in the park to check if they are paedophilesPark wardens have been ordered to stop and interrogate anyone who is not accompanied by children.The visitors who are quizzed have to explain their presence and risk being thrown out or reported [...] continue reading the breaking news
Why Government Bailout Of Fannie And Freddie Will Fail
With yesterday’s announcement of the most massive federal bailout of all time, it’s now official: Fannie Mae and Freddie Mac, the two largest mortgage lenders on Earth, are bankrupt.Some Washington bigwigs and bureaucrats will inevitably try to spin it. They’ll avoid the “b” word with vengeance. They’ll push the “c” word (conservatorship) with passion. And [...] continue reading the breaking news
China frets at US risk after Fannie/Freddie bailout
BEIJING, Sept 8 (Reuters) - The U.S. Treasury’s takeover of Fannie Mae and Freddie Mac is good news in the short term for China, the biggest holder of the giant mortgage lenders’ debt, but Beijing’s huge U.S. exposure still poses a serious risk, a prominent government researcher said on Monday.China owned $376 billion of debt [...] continue reading the breaking news
Dienstag, 9. September 2008
Why Government Bailout Of Fannie And Freddie Will Fail
With yesterday’s announcement of the most massive federal bailout of all time, it’s now official: Fannie Mae and Freddie Mac, the two largest mortgage lenders on Earth, are bankrupt.Some Washington bigwigs and bureaucrats will inevitably try to spin it. They’ll avoid the “b” word with vengeance. They’ll push the “c” word (conservatorship) with passion. And [...] continue reading the breaking news
French revolt over Edvige: Nicolas Sarkozy’s Big Brother spy computer
Edvige, which is also a woman’s name, has been dubbed Sarkozy’s “Big Sister” in FrancePresident Nicolas Sarkozy faced an embarrassing split in his Cabinet today over a computer system that a new French internal intelligence service will use to spy on the private lives of millions of law-abiding citizens. Hervé Morin, the Defence Minister, broke [...] continue reading the breaking news
French revolt over Edvige: Nicolas Sarkozy’s Big Brother spy computer
Edvige, which is also a woman’s name, has been dubbed Sarkozy’s “Big Sister” in FrancePresident Nicolas Sarkozy faced an embarrassing split in his Cabinet today over a computer system that a new French internal intelligence service will use to spy on the private lives of millions of law-abiding citizens. Hervé Morin, the Defence Minister, broke [...] continue reading the breaking news
Mandatory Microchipping In Adopted Pets
HEMPSTEAD, N.Y. (CBS) - Starting Monday, every dog and cat adopted from the largest animal shelter on Long Island will come with a microchip embedded in its skin. It’s a quick procedure that can help reunite families with their lost pets.Related article: CASPIAN RELEASES MICROCHIP CANCER REPORTSteven Reichert’s dog Sandy became the first to have [...] continue reading the breaking news
Russia confirms sending warships to the Atlantic, Caribbean
MOSCOW, September 8 (RIA Novosti) - A Russian naval task force from the Northern Fleet will go on a tour of duty in the Atlantic Ocean and participate in joint naval drills with the Venezuelan navy in November, a Navy spokesman said on Monday. (Russian Navy modernized - Image gallery)“In line with the 2008 training [...] continue reading the breaking news
Russia confirms sending warships to the Atlantic, Caribbean
MOSCOW, September 8 (RIA Novosti) - A Russian naval task force from the Northern Fleet will go on a tour of duty in the Atlantic Ocean and participate in joint naval drills with the Venezuelan navy in November, a Navy spokesman said on Monday. (Russian Navy modernized - Image gallery)“In line with the 2008 training [...] continue reading the breaking news
Pakistan threatens to retaliate against US
A spokesman for Pakistan’s army, Major Murad Khan, has slammed Washington for killing Pakistani civilians, warning of retaliatory action.“Border violations by US-led forces in Afghanistan, which have killed scores of Pakistani civilians, would no longer be tolerated, and we have informed them that we reserve the right to self defense and that we will retaliate [...] continue reading the breaking news
Pakistan threatens to retaliate against US
A spokesman for Pakistan’s army, Major Murad Khan, has slammed Washington for killing Pakistani civilians, warning of retaliatory action.“Border violations by US-led forces in Afghanistan, which have killed scores of Pakistani civilians, would no longer be tolerated, and we have informed them that we reserve the right to self defense and that we will retaliate [...] continue reading the breaking news
Taxpayers take on trillions in risk in Fannie, Freddie takeover
USA TODAY WASHINGTON - The unprecedented federal takeover of mortgage giants Freddie Mac and Fannie Mae announced on Sunday is a bold attempt to stabilize financial markets and restore the faltering housing market, but it thrusts trillions of dollars of risk directly onto taxpayers’ shoulders.“You can call it a bailout, you can call it a [...] continue reading the breaking news
Montag, 8. September 2008
US waves goodbye to prosperity and democracy
THE events of the weekend begin the greatest intervention in the US economy by the Federal Government since the Great Depression, with the Bear Stearns rescue but a splutter on this road we must now travel.If you were wondering what all the flag-waving at the Republican convention has been about, it is now clear. Americans [...] continue reading the breaking news
Highly-Credible People Question 9/11
The following people question the government’s version of 9/11, or the government’s openness in providing information about the September 11 attacks.9/11 COMMISSIONERSThe co-chairs of the 9/11 Commission (Thomas Keane and Lee Hamilton) said that the CIA (and likely the White House) “obstructed our investigation”.The co-chairs of the 9/11 Commission also said that the 9/11 [...] continue reading the breaking news
Actor Dennis Quaid Urges Congress to Allow Lawsuits Against Drug Companies
(NaturalNews) Actor Dennis Quaid, whose newborn twins were nearly killed when a hospital error led to a massive drug overdose, urged Congress to preserve people’s ability to sue drug companies for injuries caused by their products.Quaid and his wife are suing Baxter International, maker of the blood-thinning drug heparin, which nearly killed their children. The [...] continue reading the breaking news
Actor Dennis Quaid Urges Congress to Allow Lawsuits Against Drug Companies
(NaturalNews) Actor Dennis Quaid, whose newborn twins were nearly killed when a hospital error led to a massive drug overdose, urged Congress to preserve people’s ability to sue drug companies for injuries caused by their products.Quaid and his wife are suing Baxter International, maker of the blood-thinning drug heparin, which nearly killed their children. The [...] continue reading the breaking news
U.S. seizes Fannie and Freddie
Treasury chief Paulson unveils historic government takeover of twin mortgage buyers. Top executives are out.NEW YORK (CNNMoney.com) — Federal officials on Sunday unveiled an extraordinary takeover of Fannie Mae and Freddie Mac, putting the government in charge of the twin mortgage giants and the $5 trillion in home loans they back.The move, which allows the [...] continue reading the breaking news
U.S. seizes Fannie and Freddie
Treasury chief Paulson unveils historic government takeover of twin mortgage buyers. Top executives are out.NEW YORK (CNNMoney.com) — Federal officials on Sunday unveiled an extraordinary takeover of Fannie Mae and Freddie Mac, putting the government in charge of the twin mortgage giants and the $5 trillion in home loans they back.The move, which allows the [...] continue reading the breaking news
U.S. Losses on Fannie, Freddie May Be $300 Billion, Poole Says
Sept. 7 (Bloomberg) — William Poole, former president of the Federal Reserve Bank of St. Louis, said taxpayers may face a $300 billion bill to revive Fannie Mae and Freddie Mac, the mortgage giants being taken over by the Federal government.“I would not be surprised if their total losses aggregate about 5 percent of their [...] continue reading the breaking news
U.S. Losses on Fannie, Freddie May Be $300 Billion, Poole Says
Sept. 7 (Bloomberg) — William Poole, former president of the Federal Reserve Bank of St. Louis, said taxpayers may face a $300 billion bill to revive Fannie Mae and Freddie Mac, the mortgage giants being taken over by the Federal government.“I would not be surprised if their total losses aggregate about 5 percent of their [...] continue reading the breaking news
Israel allows shipment of 1,000 rifles to reach Palestinian security forces in the West Bank
JERUSALEM (AP) - Israel allowed Palestinian security forces in the West Bank to receive a shipment of about 1,000 Kalashnikov rifles and tens of thousands of bullets in a step aimed at bolstering the moderate Palestinian government there, an Israeli defense official said Friday.Shipments of this type remain sensitive for Israel because weapons provided [...] continue reading the breaking news
Sonntag, 7. September 2008
Highly-Credible People Question 9/11
The following people question the government’s version of 9/11, or the government’s openness in providing information about the September 11 attacks.9/11 COMMISSIONERSThe co-chairs of the 9/11 Commission (Thomas Keane and Lee Hamilton) said that the CIA (and likely the White House) “obstructed our investigation”.The co-chairs of the 9/11 Commission also said that the 9/11 [...] continue reading the breaking news
Pakistan cuts supply lines to NATO troops in Afghanistan
In a move seen as the latest fallout from Wednesday morning’s US attack on South Waziristan, the Pakistani government has ordered that supply lines to NATO troops in Afghanistan be immediately severed for an indefinite period of time.The move comes as thousands of protesters marched through South Waziristan’s capital of Wana chanting “death to America”. [...] continue reading the breaking news
US military trained Georgian commandos
The US military provided combat training to 80 Georgian special forces commandos only months prior to Georgia’s army assault in South Ossetia in August.The revelation, based on recruitment documents and interviews with US military trainers obtained by the Financial Times, could add fuel to accusations by Vladimir Putin, Russian prime minister, last month that the [...] continue reading the breaking news
Asif Ali Zardari, widower of Benazir Bhutto, elected president in Pakistan
Asif Ali Zardari, the widower of the assassinated former prime minister, Benazir Bhuttto, has been elected president by the country’s parliament and regional assemblies.Mr Zardari is a shrewd politician. He has taken firm control of Bhutto’s ruling Pakistan People Party Photo: EPAAccording to an unofficial tally, Mr Zardari secured at least 458 out of [...] continue reading the breaking news
Pakistan cuts supply lines to NATO troops in Afghanistan
In a move seen as the latest fallout from Wednesday morning’s US attack on South Waziristan, the Pakistani government has ordered that supply lines to NATO troops in Afghanistan be immediately severed for an indefinite period of time.The move comes as thousands of protesters marched through South Waziristan’s capital of Wana chanting “death to America”. [...] continue reading the breaking news
200,000 civilians flee fighting in north Pakistan
Intense fighting in the Bajaur tribal district in north Pakistan has forced more than 200,000 people to flee their villages, an International Committee of the Red Cross (ICRC) official has said.“There is a real war shaking the Bajaur region at the moment,” said Pascal Cuttat, the head of the ICRC Pakistan delegation, with government forces [...] continue reading the breaking news
Record bail-out in US of Fannie Mae and Freddie Mac
THE US TREASURY will today announce a rescue of Fannie Mae and Freddie Mac, two giant American mortgage banks, in what is likely to be the biggest financial bail-out of recent history.The move may trigger a bounce in global stock markets tomorrow. However, analysts warn that some of the uncertainties that plagued the markets last [...] continue reading the breaking news
Russia accuses West of provocation in Georgia
MOSCOW (Reuters) - Russian President Dmitry Medvedev accused the United States on Saturday of provoking Moscow by using warships to deliver relief aid to its ally Georgia, with which Russia fought a brief war last month.“I wonder how they would feel if we now dispatched humanitarian assistance to the Caribbean, suffering from a hurricane, using [...] continue reading the breaking news
Samstag, 6. September 2008
Asif Ali Zardari, widower of Benazir Bhutto, elected president in Pakistan
Asif Ali Zardari, the widower of the assassinated former prime minister, Benazir Bhuttto, has been elected president by the country’s parliament and regional assemblies.Mr Zardari is a shrewd politician. He has taken firm control of Bhutto’s ruling Pakistan People Party Photo: EPAAccording to an unofficial tally, Mr Zardari secured at least 458 out of [...] continue reading the breaking news
Record bail-out in US of Fannie Mae and Freddie Mac
THE US TREASURY will today announce a rescue of Fannie Mae and Freddie Mac, two giant American mortgage banks, in what is likely to be the biggest financial bail-out of recent history.The move may trigger a bounce in global stock markets tomorrow. However, analysts warn that some of the uncertainties that plagued the markets last [...] continue reading the breaking news
200,000 civilians flee fighting in north Pakistan
Intense fighting in the Bajaur tribal district in north Pakistan has forced more than 200,000 people to flee their villages, an International Committee of the Red Cross (ICRC) official has said.“There is a real war shaking the Bajaur region at the moment,” said Pascal Cuttat, the head of the ICRC Pakistan delegation, with government forces [...] continue reading the breaking news
Russia accuses West of provocation in Georgia
MOSCOW (Reuters) - Russian President Dmitry Medvedev accused the United States on Saturday of provoking Moscow by using warships to deliver relief aid to its ally Georgia, with which Russia fought a brief war last month.“I wonder how they would feel if we now dispatched humanitarian assistance to the Caribbean, suffering from a hurricane, using [...] continue reading the breaking news
Who is Wrecking America?
By PAUL CRAIG ROBERTSPaul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review.Does the liberal-left have a clue? I sometimes think not.In his book, “What’s the Matter With Kansas?,” Thomas Frank made the excellent [...] continue reading the breaking news
Ron Paul supporters’ magical disappearing act
Ron Paul, the Texas congressman who unsuccessfully sought the Republican nomination for president, has been said to resemble Gandalf, the magician from the movie version of “The Lord of the Rings.”Republican officials seemed to make Paul’s supporters magically disappear during Wednesday night’s roll call vote, in which the GOP convention officially nominated John McCain as [...] continue reading the breaking news
Main Bank of China Is in Need of Capital
Dollar and yuan currency at a bank in China. China’s central bank has accumulated about $1 trillion in United States debt.HONG KONG - China’s central bank is in a bind.It has been on a buying binge in the United States over the last seven years, snapping up roughly $1 trillion worth of Treasury bonds and [...] continue reading the breaking news
Russian Lawmaker Says Moscow to Deploy Weapons Near Poland
A senior Russian lawmaker says Moscow will deploy high-precision weapons near Poland, in response to a U.S. - Poland missile defense agreement signed in Warsaw last month.Viktor Zavarzin, head of the defense committee in the State Duma, said Thursday Russia has new weapons that will be installed near the sites where Washington plans to deploy [...] continue reading the breaking news
Freitag, 5. September 2008
Who is Wrecking America?
By PAUL CRAIG ROBERTSPaul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review.Does the liberal-left have a clue? I sometimes think not.In his book, “What’s the Matter With Kansas?,” Thomas Frank made the excellent [...] continue reading the breaking news
Main Bank of China Is in Need of Capital
Dollar and yuan currency at a bank in China. China’s central bank has accumulated about $1 trillion in United States debt.HONG KONG - China’s central bank is in a bind.It has been on a buying binge in the United States over the last seven years, snapping up roughly $1 trillion worth of Treasury bonds and [...] continue reading the breaking news
Ron Paul supporters’ magical disappearing act
Ron Paul, the Texas congressman who unsuccessfully sought the Republican nomination for president, has been said to resemble Gandalf, the magician from the movie version of “The Lord of the Rings.”Republican officials seemed to make Paul’s supporters magically disappear during Wednesday night’s roll call vote, in which the GOP convention officially nominated John McCain as [...] continue reading the breaking news
Secret Service confiscates books & buttons from Ron Paul delegates
By: D. H. Williams @ 7:29 PM - ESTToday at the Republican National Convention, as the Ron Paul Delegates were taking a picture in front of the model White House inside the Convention Center, they were surrounded by Secret Service which proceeded to search the bags of all the delegates. They took any and everything [...] continue reading the breaking news
Russian Lawmaker Says Moscow to Deploy Weapons Near Poland
A senior Russian lawmaker says Moscow will deploy high-precision weapons near Poland, in response to a U.S. - Poland missile defense agreement signed in Warsaw last month.Viktor Zavarzin, head of the defense committee in the State Duma, said Thursday Russia has new weapons that will be installed near the sites where Washington plans to deploy [...] continue reading the breaking news
Congress is about to pour lighter fluid on Iran
There’s a great deal of support for two resolutions that, if approved, would all but strike the match on war.The U.S. Congress may inadvertently lay the foundations for war against Iran when it reconvenes in Washington this month.Two essentially identical nonbinding resolutions call upon President Bush to “immediately and dramatically increase the economic, political and [...] continue reading the breaking news
House prices suffer biggest fall since records began
House prices: Dropped by more than £25,000 over the past year. Photo: Cate Gillon/GettyHouse prices fell by 1.8% in August, bringing the average price of a property in the UK below the government’s new stamp duty threshold, figures showed today.The UK’s largest lender, Halifax, said the average price of a property had fallen by 12.7% [...] continue reading the breaking news
Pakistan: Uproar grows over first ground assault by US troops
Pakistani military officials fear American intervention in the tribal areas could spark a rebellion, derailing counterterrorism operations.United States forces conducted their first ground assaults into Pakistani territory from bases in Afghanistan early Wednesday morning in a raid on a suspected Taliban stronghold in South Waziristan, one [...] continue reading the breaking news
Congress is about to pour lighter fluid on Iran
There’s a great deal of support for two resolutions that, if approved, would all but strike the match on war.The U.S. Congress may inadvertently lay the foundations for war against Iran when it reconvenes in Washington this month.Two essentially identical nonbinding resolutions call upon President Bush to “immediately and dramatically increase the economic, political and [...] continue reading the breaking news
Donnerstag, 4. September 2008
U.S. Must Buy Assets to Prevent Financial Tsunami
The financial tsunami is already on its way. That is why the central banks have intervened on a massive scale to support the dollar, so that the tsunami will hit the economy a little later.Asking a totally broke government to buy assets is a interesting idea. And who will ultimately pay for any government spending? [...] continue reading the breaking news
Pakistan: Uproar grows over first ground assault by US troops
Pakistani military officials fear American intervention in the tribal areas could spark a rebellion, derailing counterterrorism operations.United States forces conducted their first ground assaults into Pakistani territory from bases in Afghanistan early Wednesday morning in a raid on a suspected Taliban stronghold in South Waziristan, one [...] continue reading the breaking news
Who Wants To Be CEO of a Red, White and Blue Kakistocracy*?
*Kakistocracy is government by the very worst, least principled, and most incompetent people. You will be forgiven for thinking that the word, kakistocracy, perhaps derives from the word, “caca”, itself derived from the Latin, “cacare”. In fact, kakistocracy derives from the Greek, kakos, meaning “bad”.)Let me make myself clear from the outset: I am not [...] continue reading the breaking news
Ron Paul - Rally for the Republic
Ron Paul at Rally For the Republic in Minneapolis, September 2, 20081 of 9Source: YouTube2 of 9Source: YouTube3 of 9Source: YouTube4 of 9Source: YouTube5 of 9Source: YouTube6 of 9Source: YouTube7 of 9Source: YouTube8 of 9Source: YouTube9 of 9Source: YouTube continue reading the breaking news
Massive floating generators, or ‘eco-rigs’, to provide power and food to Japan
Battered by soaring energy costs and aghast at dwindling fish stocks, Japanese scientists think they have found the answer: filling the seas with giant “eco-rigs” as powerful as nuclear power stations. The project, which could result in village-sized platforms peppering the Japanese coastline within a decade, reflects a growing panic in the country over how [...] continue reading the breaking news
Medvedev: Saakashvili is a political corpse
(BBC NEWS) Russian President Dmitry Medvedev has described his Georgian counterpart as a “political corpse”, saying Moscow does not recognise him as president. “President Saakashvili no longer exists in our eyes. He is a political corpse,” he told Italy’s Rai television.He said US support for Mr Saakashvili had helped provoke the crisis, which has seen [...] continue reading the breaking news
EU is throwing habeas corpus out of the window
British citizens could be convicted in their absence by foreign courts for traffic, credit card or other criminal offences under plans approved in principle by the European Parliament.The proposals would allow citizens to be extradited automatically under fast-track procedures at the request of another European Union country on the basis of a decision by the [...] continue reading the breaking news
U.S. Courts Now Consider Saliva to be a “Deadly Weapon” in HIV Trial
(NaturalNews) An HIV-positive homeless man has been sentenced to 35 years in prison for “harassing a public servant with a deadly weapon” by spitting at a police officer.According to the prosecutors, police responded to a call that 42-year-old Willie Campbell was passed out in front of a Dallas building in May 2006. Police tried to [...] continue reading the breaking news
EU is throwing habeas corpus out of the window
British citizens could be convicted in their absence by foreign courts for traffic, credit card or other criminal offences under plans approved in principle by the European Parliament.The proposals would allow citizens to be extradited automatically under fast-track procedures at the request of another European Union country on the basis of a decision by the [...] continue reading the breaking news
Mittwoch, 3. September 2008
Scotland launches schoolgirls’ anti-cancer health programme
A PROGRAMME to vaccinate schoolgirls against the virus that causes cervical cancer begins today.Schools in several Scottish areas will begin vaccinating pupils aged 12 and 13 from this week.They will be the first in the UK to receive the jab as part of a nationwide programme announced last year.The Cervarix vaccination works by targeting the [...] continue reading the breaking news
U.S. Courts Now Consider Saliva to be a “Deadly Weapon” in HIV Trial
(NaturalNews) An HIV-positive homeless man has been sentenced to 35 years in prison for “harassing a public servant with a deadly weapon” by spitting at a police officer.According to the prosecutors, police responded to a call that 42-year-old Willie Campbell was passed out in front of a Dallas building in May 2006. Police tried to [...] continue reading the breaking news
RNC protesters held without phone calls, medical attention
WCCO News’ Sue Turner reported that 238 protesters have been arrested at the Republican National Convention.Many protesters are as young as 14 years old and are being held without phone calls and access to medical attention.This video is from WCCO Minneapolis, broadcast September 2, 2008.Source: YouTube continue reading the breaking news
Thailand Declares State of Emergency
Thai protesters face riot police inside the Government House compound in Bangkok on Aug. 29, 2008. Photographer: Udo Weitz/Bloomberg NewsSept. 2 (Bloomberg) — Thai Prime Minister Samak Sundaravej declared a state of emergency in Bangkok after street clashes early today left one dead and 43 injured, authorizing the army to help end four months of [...] continue reading the breaking news
Ron Paul - Rally for the Republic
Ron Paul at Rally For the Republic in Minneapolis, September 2, 20081 of 6Source: YouTube2 of 6Source: YouTube3 of 6Source: YouTube4 of 6Source: YouTube5 of 6Source: YouTubePart 6 is missing so far. Hope it will be added soon. The advantage of this series is that it starts at the beginning. continue reading the breaking news
Russia may push forward with S-300 sales to Iran
MOSCOW, September 1 (RIA Novosti) - Russia may proceed with plans to sell advanced S-300 air defense systems to Iran under a secret contract believed to have been signed in 2005, a Russian analyst said on Monday. (Russian mobile surface-to-air missile systems - Image gallery)Commenting on an article in the Sunday Telegraph newspaper saying Russia [...] continue reading the breaking news
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