Bernanke, Paulson Pressed to Seek Big-Government Bank Bailout

July 21 (Bloomberg) – Ben S. Bernanke and Henry Paulson are under pressure to embrace the big-government policies of America in the 1930s, or Sweden in the 1990s, to contain the conflagration engulfing the U.S. housing and financial markets.Among the ideas: Using taxpayer money to shore up the capital of loss-ridden Fannie Mae and Freddie [...] continue reading the breaking news

Top 25 Things Vanishing From America: No.1 The Family Farm

Here you will find all Top 25 Things Vanishing From America.This series explores aspects of America that may soon be just a memory — some to be missed, some gladly left behind. From the least impactful to the most, here are 25 bits of vanishing America.1. The Family FarmMy mother grew up on her family’s [...] continue reading the breaking news

Is America too big to fail?

NEW YORK: In the narrative that has governed American commercial life for the last quarter-century, saving companies from their own mistakes was not supposed to be part of the government’s job description. Economic policymakers in the United States took swaggering pride in the cutthroat but lucrative form of capitalism that was supposedly indigenous to their [...] continue reading the breaking news

Governor Proposes Martial Law Choppers For Chicago

Blagojevich wants National Guard helicopters to patrol gun control capital of AmericaThe gun control capital of America - Chicago - where only the criminals are allowed to own firearms - has been hit by a fresh wave of crime and violence, prompting Governor Rod Blagojevich to call for National Guard helicopters to be used in [...] continue reading the breaking news

Raytheon: Directed Energy Weapons Set To Go

FARNBOROUGH, Britain - Work on laser, infrared and microwave defensive systems has reached a high level of readiness, with the possibility of deployment close at hand, a Raytheon executive said at the Farnborough Airshow.Development has advanced on products that can protect troops against mortar rounds, guard against shoulder-launched missiles fired at helicopters and airliners taking [...] continue reading the breaking news

CENTCOM’s Master Plan and U.S. Global Hegemony

Many people deny that the U.S. government presides over a global empire. If you speak of U.S. imperialism, they will fancy that you must be [...] continue reading the breaking news

US general warns Russia on nuclear bombers in Cuba

Installing a missile defense system in eastern Europe is alright and cannot be seen as a provocation, but….__________________________________________________________________________________________Russia would cross “a redline for the United States of America” if it were to base nuclear capable bombers in Cuba, a top US air force officer warned on Tuesday.“If they did I think we should stand strong [...] continue reading the breaking news