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These pages list the most recent news stories reported
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Page 1362 of 7369
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News Link  •  Obama Administration
Obama 'stimulus' plays favorites with earmarks
08-28-2009  •  One News Now 
A tax policy expert says President Obama has reneged on his promise to keep his economic "stimulus" plan transparent and free of earmarks. The Associated Press reports that Senators Max Baucus (D-Montana) and John Tester (D-Montana) persuaded the Obama administration to award $15 million in federal stimulus money to a Montana checkpoint along the Canadian border that serves only three people a day. A similar checkpoint in North Dakota, which serves about 73 people a day, is also getting $15 million for renovations. Meanwhile, a border checkpoint in Laredo, Texas -- which serves more than 55,000 travelers and 4,200 trucks a day in an area that is a hotbed of illegal immigration and drug trafficking -- was passed over for stimulus money. 
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News Link  •  Healthcare
Bran May Actually Make Irritable Bowels Worse
08-28-2009  •  red Orbit 
A new study on Friday suggests that wheat bran and other fibrous foods that do not dissolve easily in water not only fail to soothe irritable bowels but may even make things worse, AFP reported. The study found that most soluble types of bran, such as psyllium, appear to ease inflamed bowels, but the insoluble varieties people have traditionally eaten for regularity don't work as advertised. The hard outer layer of grains is referred to as bran. Psyllium, also referred to as isphagula, is derived from the seed husks of the Plantago ovata plant, and is the chief ingredient in many over-the-counter laxatives. Irritable bowel syndrome (IBS), which affects about 10 percent of the population, causes abdominal pain and an irregular bowel habit. Doctors all over the world recommend daily doses of fiber in th 
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News Link  •  Military
We Kill Our Own
08/28/2009  •  Ignarus semino dominatus 
Revealing secrets and comforting the enemy kills our soldiers! 
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Reported by Keith Rodebush
News Link  •  Legislative Mischief
Ted Kennedy's Soviet Gambit
08-28-2009  •  Forbes 
Kennedy's message was simple. He proposed an unabashed quid pro quo. Kennedy would lend Andropov a hand in dealing with President Reagan. In return, the Soviet leader would lend the Democratic Party a hand in challenging Reagan in the 1984 presidential election. "The only real potential threats to Reagan are problems of war and peace and Soviet-American relations," the memorandum stated. "These issues, according to the senator, will without a doubt become the most important of the election campaign." Kennedy made Andropov a couple of specific offers. First he offered to visit Moscow. "The main purpose of the meeting, according to the senator, would be to arm Soviet officials with explanations regarding problems of nuclear disarmament so they may be better prepared and more convincing during appearances in the USA." Kennedy would help the Soviets deal with Reagan by telling them how to brush up their propaganda. Then he offered to make it possi 
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News Link  •  Obama Administration
Barack Obama Gives Kickback to George Soros
08-28-2009  •  CRIME & FEDERALISM 
On August 15, 2008, Bloomberg repoted: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding. On August 19, 2009, the Wall Street Journal reported: Obama Underwrites Offshore Drilling You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil. The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras [which is short for Petroleo Brasileiro], to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan. George Soros still has a huge position in Petroleo Brasileiro. According to most-recent filings, Petrole 
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News Link  •  Obama Administration
Wake Up, America: Forced vaccinations, quarantine camps, health care interrogations and mandatory **
08-28-2009  •  Natural News 
The United States of America is devolving into medical fascism and Massachusetts is leading the way with the passage of a new bill, the "Pandemic Response Bill" 2028, reportedly just passed by the MA state Senate and now awaiting approval in the House. This bill suspends virtually all Constitutional rights of Massachusetts citizens and forces anyone "suspected" of being infected to submit to interrogations, "decontaminations" and vaccines. It's also sets fines up to $1,000 per day for anyone who refuses to submit to quarantines, vaccinations, decontamination efforts or to follow any other verbal order by virtually any state-licensed law enforcement or medical personnel. You can read the text yourself here: http://www.mass.gov/legis/bills/sen... Here's some of the language contained in the bill: (Violation of 4th Amendment: Illegal search and seizure) 
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News Link  •  Corruption
Bernanke's Real Legacy: Helping Goldman Sachs (GS) Fleece Us All
08-28-2009  •  istockanalyst 
I’ve watched with first amusement, then disgust, and ultimately outrage as various pundits proclaimed Bernanke’s efforts “saved the financialsystem” or helped the US “weather the storm.” Bernanke did NO such thing. You could train a chimpanzee to hit the “print money” button at the Fed every-time the Fed phone rings with a Wall Street number and get the same results. To date, Bernanke has spent or put the taxpayer on the hook for some $24 TRILLION in bailouts, lending windows, and off balance sheet arrangements. AND HE’S FIXED NOTHING. Banks remain insolvent (if you marked their assets at market value, they’d all wipe out equity in a second), mortgages remain underwater, hundreds of thousands of Americans continue to lose their jobs every month, foreign investors grow increasingly distrustful of the dollar, and the financial system continues to have multiple black swans… all of which could bring about another CRASH. 
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News Link  •  Philosophy: Libertarianism
Limited Free Access to Ron Paul's New Book
08-28-2009  •  Economic Policy Journal 
Chapter's 1 and 3 of Ron Paul's new book, End the Fed, are available for free, here. The book is scheduled for publication Sept. 16. 
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News Link  •  Federal Reserve
Is The Fed Monetizing MBS Held By China?
08-28-2009  •  The Market Ticker 
If we are to learn anything from this sordid episode in our nation's economic history one lesson must come through: It is the presence of these "under the covers" backstops that cause asset bubbles to be blown to the degree that we saw occur, because without them nobody in their right mind ever allows a commitment of money to dodgy assets to the degree that is necessary for a bubble of the magnitude we saw in housing to occur. Between those "side letters" (or their moral equivalents) and accounting fraud you have a recipe for disaster. We have now seen two bubbles - The Internet and Housing - occur due almost entirely to these factors. ENRON occurred due to the ability of the firm to run off-balance sheet deals that turned out to be an outright scam, and the housing bubble occurred due to what amounted to the same thing: massive off-balance-sheet exposures and vehicles that were effectively financed the same way (that is, sans disclosure.) We sorely need 
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News Link  •  Agriculture
Modern Agriculture " On the Road to Extinction
08-28-2009  •  Jerold Hubbard 
Agriculture as we know it is becoming extinct. It is broken, and cannot be fixed with the current complicated system. The old ways must be discarded and nature’s complex system of life instituted in its place. We either learn to live with nature, or destroy it at our peril.
 
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Reported by Barbara Peterson
News Link  •  Corruption
Richardson Probe 'Was Killed in Washington' New Mexico Gov. Bill Richardson and former high
08-28-2009  •  Fox 
New Mexico Gov. Bill Richardson and former high-ranking members of his administration won't be criminally charged in a yearlong federal investigation into pay-to-play allegations involving one of the Democratic governor's large political donors, someone familiar with the case said. The decision not to pursue indictments was made by top Justice Department officials, according to a person familiar with the investigation, who asked not to be identified because federal officials had not disclosed results of the probe. "It's over. There's nothing. It was killed in Washington," the person told The Associated Press. A federal grand jury began an investigation in 2008 into a possible pay-to-play scheme in which lucrative work on state bond deals went to a Richardson donor. The federal probe derailed Richardson's appointment as commerce secretary in President Barack Obama's administration 
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News Link  •  Corruption
EXCLUSIVE: AIG CEO defends holiday, slams "lynch mob" attacks
08-28-2009  •  Reuters 
 "We have the ability. I know that I am telling people we are allowed to," he said. "What I don't know is if people (employees) are willing to. A lot of them feel hurt, embarrassed, a lot of people have lived in fear because of what I call lynch mobs with pitchforks." Benmosche was referring to severe criticism of the bonuses paid to some AIG staff at the financial products unit at the center of its meltdown. The verbal assaults by politicians and in the media led to several demonstrations, including a bus tour of employee homes near the unit's Wilton, Connecticut headquarters, and threats to others. 
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News Link  •  Federal Reserve
Banks 'Too Big to Fail' Have Grown Even Bigger Behemoths Born of the Bailout Reduce Consume
08-28-2009  •  Washington Post 
When the credit crisis struck last year, federal regulators pumped tens of billions of dollars into the nation's leading financial institutions because the banks were so big that officials feared their failure would ruin the entire financial system. Today, the biggest of those banks are even bigger. The crisis may be turning out very well for many of the behemoths that dominate U.S. finance. A series of federally arranged mergers safely landed troubled banks on the decks of more stable firms. And it allowed the survivors to emerge from the turmoil with strengthened market positions, giving them even greater control over consumer lending and more potential to profit. 
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Reported by
News Link  •  Obama Administration
Here's Why Krugman Should Be Worried About The Monster Deficit
08-28-2009  •  The Business Insider 
Paul Krugman is trying to have it both ways when it comes to the deficit. On the one hand, he says it isn't a big problem, and that we can afford a lot more spending. On the other hand, he says if there is a problem it's all Bush's fault -- which may be true, but that doesn't change the current reality. Either way, some are finding his reasoning to be lacking. James Hamilton at Econbrowser points to Political Math, which debunks the claim that the $9 trillion debt is okay because it's on par with where we were post WWII. ...implicit in his observation is the concept that since we did fine after WWII, we'll do fine now. But the years after WWII saw drastic reductions in the inflation-adjusted debt driven by drastic reductions in spending. Mr. Krugman points to no similar possibility in the post-Obama world.... Back in 1945, at the height of the spending that saw our national debt rise so dramatically, entitlement spending and interest on the national debt m 
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Reported by
News Link  •  Internet
Bill Would Give president Emergency Control of Internet
08-28-2009  •  Drudgereport.com 
CNET News has obtained a copy of the 55-page draft of S.773  which still appears to permit the president to seize temporary control of private-sector networks during a so-called cybersecurity emergency.   
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Reported by Ed Vallejo
News Link  •  Federal Reserve
The Real Issue Behind Fed Secrecy: Lying
08-28-2009  •  The Market Ticker 
The Fed is supporting institutionalized lying - that is, the intentional mis-marking of assets. If The Fed was an honest regulator and monitor of market risk it would insist that no bank carry an asset at a value materially higher than its "haircut" off par at the window. After all, the penalty rate for discount window use already discourages banks from coming there; the "haircuts" must (and I argue do) reflect what The Fed actually believes about the quality of these alleged "baskets" of asset classifications. If The Fed believes that these asset classes have this sort of haircut from face value in the market how does it justify allowing any bank under its jurisdiction holding such "assets" at a higher value on their balance sheet? The claim that people shouldn't worry about a bank that needs an emergency loan at a penalty rate and with a haircut that in some cases is 30% or more below declared "balance sheet value" is crim 
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Reported by
News Link  •  Climate Change
Sun's Cycle Alters Earth's Climate
08-28-2009  •  Space.Com 
Weather patterns across the globe are partly affected by connections between the 11-year solar cycle of activity, Earth's stratosphere and the tropical Pacific Ocean, a new study finds. The study could help scientists get an edge on eventually predicting the intensity of certain climate phenomena, such as the Indian monsoon and tropical Pacific rainfall, years in advance. The sun is the ultimate source of all the energy on Earth; its rays heat the planet and drive the churning motions of its atmosphere. The amount of energy the sun puts out varies over an 11-year cycle (this cycle also governs the appearance of sunspots on the sun's surface as well as radiation storms that can knock out satellites), but that cycle changes the total amount of energy reaching Earth by only about 0.1 percent. A conundrum for meteorologists was explaining whether and how such a small variation could drive major changes in weather patterns on Earth. Earth-space connection 
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News Link  •  Federal Reserve
Lefrak: Commercial Real Estate Will Kill 500 Small Banks
08-28-2009  •  The Business Insider 
Video at site Another prediction for how many small and medium-sized banks are bound to fall. It seems everyone has an opinion. The Real Deal passes along this video of Harrison Lefrak predicting 500 bank failures resulting from commercial real estate problems. He predicts that thigns will really start getting bad in 2010 and beyond, as the five-year loans that started up in 2005 go sour. That's more than Dick Bove sees and half of John Kanas. We'll be keeping score. 
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Reported by
News Link  •  Obama Administration
"We're Going Right Back Into The Tank"
08-28-2009  •  The Business Insider 
video We had Howard Davidowitz on TechTicker yesterday. Don't miss this one... Heesun Wee, TechTicker: When retail expert and all-around economy watcher Howard Davidowitz appeared on Tech Ticker in February declaring the worst was yet to come for the U.S. economy and that Americans' standard of living has changed permanently, our comment boards lit up. But surely with the latest rally off the March lows, bearish Davidowitz is more bullish, right? Not a chance. Look at your financial history books. Two of the biggest rallies of more than 40 percent occurred during the Great Depression, says Davidowitz of Davidowitz & Associates,a retail consulting and investment banking firm. "People were sucked in and ultimately were destroyed," he says. It's a warning to today's investors, who are hoping to extend the rally.  
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News Link  •  Surveillance
Bill would give president emergency control of Internet
08-28-2009  •  CNET 
Internet companies and civil liberties groups were alarmed this spring when a U.S. Senate bill proposed handing the White House the power to disconnect private-sector computers from the Internet. They're not much happier about a revised version that aides to Sen. Jay Rockefeller, a West Virginia Democrat, have spent months drafting behind closed doors. CNET News has obtained a copy of the 55-page draft (excerpt), which still appears to permit the president to seize temporary control of private-sector networks during a so-called cybersecurity emergency. The new version would allow the president to "declare a cybersecurity emergency" relating to "non-governmental" computer networks and do what's necessary to respond to the threat. Other sections of the proposal include a federal certification program for "cybersecurity professionals," and a requirement that certain computer systems and networks in the private sector be managed by people who have  
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News Link  •  Central Intelligence Agency
Judge's order challenges executive branch secrecy
08-28-2009  •  McClatchy News 
In a highly unusual legal step, a federal judge has ordered the government to grant an attorney a security clearance so he can represent a disgruntled former narcotics officer in a lawsuit against a former CIA officer.
 
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Reported by Powell Gammill
News Link  •  Obama Administration
Democracy: The God that Failed
08-28-2009  •  TakiMag / Pat Buchanon 

Does either party have any plan to cut federal spending? Bush didn’t even try, and Obama is making that Great Society Republican look like Ron Paul.

  
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Reported by Brock Lorber
News Link  •  Internet
FCC Launches Wireless Industry Probe
08-28-2009  •  PC magazine 
The commission approved 3 separate notice of inquiries, which provide anyone interested in the subject with 30 days to share their thoughts with the FCC. Based on these responses, the commission will decide whether it needs to impose any new rules on the wireless industry.   The Federal Communications Commission kicked off a far-reaching examination of the wireless industry Thursday, asking stakeholders to submit comments on innovation and investment, the state of competition, and whether or not consumers get enough information from providers to make informed decisions about service. 
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Reported by Powell Gammill
News Link  •  Political Theory
Thoughts on Nonviolence
08-28-2009  •  voluntaryist.com / Karl Meyer 
[Nonviolence] is a way of life based on these human beliefs: Human conflicts can be resolved without violence or force; organized social aggression can be faced and turned back effectively without war and without killing anybody; most crime problems can be addressed more effectively without the use of violent methods or punishment or restraint; people well-educated in the use of nonviolent methods will almost always be more effective in human relations than those who use physical threats and weapons.
 
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Reported by Brock Lorber
News Link  •  Homeland Security
DHS Updates Rules on Border Laptop Searches
08-28-2009  •  PC Magazine 
A day after the American Civil Liberties Union sued the Homeland Security Department for access to records on laptop searches at the border, DHS released updated guidelines on how and when a border official can search or confiscate an electronic device.
 
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Reported by Powell Gammill
News Link  •  Federal Reserve
Frank House likely to pass Audit Fed bill in October!
08-28-2009  •  BlueLoriBlogSpot 
Misinformation Alert: Barney Frank Never Said That HR 1207 Will Pass In October I apologize to my readers I trusted the Washington Times source below. Please Read This from R. Ron Paul! Like I said in my original post it is hard to understand Frank he always talks like his mouth is full of something. Missing Sentence in Transcript Causes Premature HR 1207 Victory Celebration Several blogs and forums reported during the past 24 hours that Chairman of the House Financial Services Committee, Barney Frank, said that Ron Paul’s bill to audit theFederal Reserve, HR 1207, will pass in October. Incorrect Reports about Barney Frank’s Statement on HR 1207 Washington Times: Barney Frank says Ron Paul bill will pass Politico: Barney: Fed audit bill will pass in October Business Insider: Barney Frank: Yes, We Will Pass Ron Paul’s “Audit The Fed” Bill United Liberty: Frank: Vote on HR 1207 in October Daily Paul: Video: Barney Frank Says House Will Pass HR1207 in October ZeroHedg 
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News Link  •  Political Theory
The State Versus the Social Contract
08-28-2009  •  C4SS / Thomas L. Knapp 
If there’s any basis in fact whatsoever for the idea of a “social contract,” it’s that: You only get to be part of society if you keep your hands out of other people’s pockets and off other people’s throats.  
 
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Reported by Brock Lorber
News Link  •  Military
US denies troops involved in combat in Philippines
08-28-2009  •  AP 

U.S. officials denied American troops were violating Philippine laws by engaging in combat against Muslim militants, saying they were only training Filipino soldiers and their mission was temporary.

Allegations that U.S. troops in the southern Philippines are building permanent structures and joining the fight against al-Qaida-linked Abu Sayyaf militants have roiled nationalist and left-wing forces opposed to the American presence.

  
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Reported by Powell Gammill
News Link  •  Defending Archimedes
Dutch delay 13-year-old sailor's worldwide trip
08-28-2009  •  AP 
A Dutch court ordered authorities to take temporary guardianship of a 13-year-old girl, delaying her plan to sail solo around the world until psychologists can assess her capacity to undertake such a risky voyage.

Judges said Laura Dekker would face both mental and physical risks if she were allowed to go ahead with the two-year trip in her 26-foot (8-meter) boat named Guppy.

The court said she could continue living with her father, but would become the responsibility of Dutch child care officials for two months while an independent child psychologist evaluated her case.

  
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Reported by Powell Gammill
News Link  •  Revolutions, Rebellions & Uprisings
State govs saying 'No thanks' to mystery laptops
08-28-2009  •  AP 
What if someone who was anti-government figured out how to use the government's procurement process to buy things for the government . . . ;-)   
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Reported by Powell Gammill
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