Fed Fears Deflationary Debt Collapse
• Michael Shedlock / MishCutting interest rates from 4.25 to 3.0 in less than two weeks tells the real story. This is what Fed actions say: "We are scared to death about a deflationary debt collapse".
Page Two
"Trust Us" Government<br>by Glenn Greenwald
• SalonThe Senate will now vote on various amendments pending on the Cheney/Rockefeller bill and will then vote in favor of that bill in some form, granting amnesty to lawbreaking telecoms and new warrantless eavesdropping powers to the President.
Unstimulating piffle<br>by Walter E. Williams
• Washington TimesSome Democratic and Republican presidential hopefuls are preaching economic doom and gloom, disappearing middle class, and failing health care industry. What's their solution? The short answer is give them more control over our lives.
Gilbert cop's stop violated policies
• MSNBCA Gilbert cop accused of racial profiling and misconduct violated multiple department policies... let him know how you feel: chad.wright@ci.gilbert.az.us
AF General: Spy Satellite Could Hit US
• AP[FEAR] The military is developing contingency plans to deal with the possibility that a large spy satellite's fall to Earth in late February or early March could hit North America. Air Force Gen. Gene Renuart, who heads of U.S. Northern Command,
Fed cuts key rate by half a point, signals for more
• Market WatchThe Federal Reserve decided to lower interest rates by half a percentage point and signaled that the door remains open for more cuts. This could be a total collapse of the financial system. Could go down more.
Fed drops interest rate below rate of inflation
• APThe Federal Reserve cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible. The Fed action pushed the funds rate to 3%.
Google Maps: The Movie
• Youtube (h/t Mark Y.)Two young men take a turn down the wrong street view.
Edwards to quit presidential race same day as Rudy
• APDemocrat John Edwards is exiting the presidential race Wednesday, ending a scrappy underdog bid in which he steered his rivals toward progressive ideals while grappling with family hardship that roused voters' sympathies.
What Median Home Prices Would Look Like If the Bubble Never Happened
• HomeGuide123.comFrom the mid-1970s to 2001, the historical ratio of median housing value vs. median household income was consistently between 2.6 and 3.0.
UBS Writedown of $14 Billion Related to Subprime
• Bloomberg.comUBS AG, Europe's largest bank by assets, reported a record loss after about $14 billion of writedowns on assets infected by subprime mortgages in the U.S.
Brace Yourselves - by - Jacob G. Hornberger
• LewRockwell.comSo what’s the way out of this welfare-warfare economic vise? As a practical matter, there is no way out because neither welfare-state spending nor warfare-state spending is going to be slashed.
AG Michael Mukasey on Waterboarding
• AP / Lara Jakes JordanPre-Confirmation: "I can't tell you whether waterboarding is torture. Post-Confirmation: "I won't tell you whether waterboarding is torture.
Half of gold in central banks gone?
• WorldNetDaily.comU.S. central banks may have less than half the gold they claim to possess in their vaults, charges a watchdog group in an ad scheduled for publication in the Wall Street Journal this week.
Wesley Snipes' Trial Offers Perfect Script for IRS to Discourage Anti-Tax Activists
• RawStory.comAt a time when millions of Americans are buckling down to prepare their taxes, Snipes is being cast as a villainous example of the dangers of joining with Internet-fueled activists who claim the IRS has no authority to collect taxes.
F.B.I. Opens Subprime Inquiry
• New York TimesThe agency declined to identify the companies under investigation but said the inquiry, which began last spring, involves companies across the financial industry, including mortgage lenders, loan brokers and Wall Street banks that packaged home loans
Florida 2008 Presidential Preference Republican Primary Results
• Florida Secretary of State ElectionsOnline real-time results: Looks like John McCain is in first with Rudy Giliani a distant third. Rudy is toast.
CNBC: Bond Insurer Downgrades Could Come Tomorrow
• CalculatedRisk.blogspot.comWall Street bond rating agencies are poised to downgrade two big bond insurers, Ambac Financial Group and MBIA...the downgrades could come as early as Wednesday.
Fiscal and Monetary Leadership Bankrupt
Howard BlitzAmericans no longer need any more proof that the fiscal and monetary leadership of the United States is bankrupt. Both the republican administration and the democratic congress have joined hands in the total destruction of the American dollar. The c
Bank Reserves Go Negative
• Michael Shedlock / MishI have been watching a chart of Borrowed Bank Reserves for several weeks. The action is unprecedented.
Ron Paul TV Ad: The Only One
• RonPaul2008 - YouTubeSuper Tuesday States' TV Ad
Retired Green Beret Gets Court Martial After Shooting Intruder
• Blue Star ChroniclesWhen the intruder threatened him with a knife, Taylor, 80, warned him, then brought his .22 caliber pistol to bear and shot him right between the eyes.
Harris Calls For Resignations In New Hampshire Recount Fiasco
• Paul Joseph WatsonVote fraud expert convinced chain of custody is corrupt, says "criminal enterprise" is at work
Romney Sways a Voter On-Air
• YouTube / ozloMitt Romney demonstrates the power of a political candidate to sway voter sentiment before your very...ears.
Ron Paul: Campaign Efforts in Maine, NH, Louisiana and Super Tuesday
• mondorebRon Paul campaigned in Maine yesterday. Meanwhile, a recount in New Hampshire and efforts to ensure accurate delegate counts in Louisiana continue.
Zombie Reagan, or Your Candidate?
• 236.com23/6 Video asks GOP supporters the burning question, "Would you vote for Reagan or the candidate you are waving a sign for?"
History Channel Admits Anthrax Attacks are an Inside Job
• The History Channel via YouTubeFrom the History Channel's show Conspiracies: Anthrax Attacks explaining how the weaponized strain could only come from the United States BioDefense Program.
Who is Whispering in Romney's Ear
• Google CacheSo far, MSNBC has been unable to track down the infamous "not raise taxes" whisper from the Florida GOP debate. A RedState blogger notes that Romney has worn an earpiece in the past. [the post has been taken down, but Google knows all]
Wall Street Journal plans move to Fox News building
• Rawstory.comA person familiar with the matter confirmed Monday that Dow Jones plans to move, verifying reports in The New York Observer and The New York Times
McCain's Secret Plan to Capture Bin Laden
• Wall Street Journal / Alex FrangosMcCain' says he has a secret plan to capture the Al Quaeda leader. The Wall Street Journal wonders why he doesn't present his plan in the Oval Office immediately. [I wonder if he will when he's not elected President]
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