Archive for February, 2010

“Bernanke Warned Congress On Wednesday That The United States Could Soon Face A Debt Crisis Like The One In Greece”

“Bernanke Warned Congress On Wednesday That The United States Could Soon Face A Debt Crisis Like The One In Greece”

Washington’s Blog 2/28/10 Bernanke is now joining Rosenberg, Ferguson and Faber, Edwards, Grice and many others in warning that the debt crisis rearing its head in Greece may spread to America, causing U.S. interest rates to climb. As the Washington Times wrote yesterday: With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the...
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US banks veto ’socialist pay’ in secret talks

The Indepdent 2/28/10 By Margareta Pagano America’s top bankers quashed attempts by their British counterparts to persuade the industry to bring down salaries in response to public outrage after the world’s governments spent billions rescuing the system. Chief executives from the world’s banks discussed the plans at a secret dinner held at Claridge’s, the London hotel, last October,...
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US: Virginia lawmakers prepare billions in cuts

WSWS 2/28/10 By Jeff Lassahn On Thursday, the two chambers of Virginia’s General Assembly, the House and Senate, passed competing two-year budget proposals that will pose massive cuts to social spending in order to meet a $4 billion deficit caused by a sharp decline in state tax revenue. Both versions contain draconian cuts to state spending on health,...
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Nevada state employees to face four day work week

Las Vegas Sun 2/26/10 By David McGrath CARSON CITY — Most of Nevada’s government will soon transition to a four-day workweek. But the reasons for it go beyond filling the state’s $887 million deficit. The plan, proposed by Gov. Jim Gibbons and broadly supported by legislators, will save $600,000 on energy costs, make it easier to implement...
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“Intervention and Economic Crisis” by Tom Woods

Campaing for Liberty 2/28/10 By Tom Woods No supporter of the market economy could have been surprised when the recent financial crisis was inevitably blamed on “capitalism” and “deregulation.” The free market, we were told, was a recipe for financial instability. “Advocates of the free market must confront the fact that both the Great Depression and the...
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Project Censored– “Over One Million Iraqi Deaths Caused by US Occupation”

Project Censored 2/28/10 Sources: After Downing Street, July 6, 2007 Title: “Is the United States Killing 10,000 Iraqis Every Month? Or Is It More?” Author: Michael Schwartz AlterNet, September 17, 2007 Title: “Iraq death toll rivals Rwanda genocide, Cambodian killing fields” Author: Joshua Holland Reuters (via AlterNet), January 7, 2008 Title: “Iraq conflict has killed a million, says survey” Author: Luke Baker Inter Press Service, March...
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Al Qaeda Dead Since 2002 Says Ex-Head of the French DGSE

9/11 Blogger 2/28/10 During a round-table discussion at the French Senate January 29, 2010, on the topic of “Where are we at with Al Qaeda?”, Alain Chouet — former head of the Security Intelligence Service of the DGSE (Directorate-General for External Security: the French equivalent of the CIA or MI6) — demystified the concept of “Al...
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Obama signs one-year extension of Patriot Act

Obama signs one-year extension of Patriot Act, the nation’s main counterterrorism law AP 2/27/10 President Barack Obama has signed a one-year extension of several provisions in the nation’s main counterterrorism law, the Patriot Act. Provisions in the measure would have expired on Sunday without Obama’s signature Saturday. The act, which was adopted in the weeks after the Sept. 11,...
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Iraqi PM defends ban of candidates before vote

AP 2/28/10 BAGHDAD — Iraq’s prime minister is defending a decision to ban hundreds of candidates from the upcoming election, saying that it would not hurt Sunni turnout for next Sunday’s vote. Prime Minister Nouri al-Maliki told The Associated Press Sunday that the decision was made because the candidates were “blatantly propagating Baath Party ideas.” The decision to...
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Tampa man jailed for wearing a clown mask

Federal Jack  / Tampa Bay.com 2/25/10 By Kim Wilmath An 18-year-old Tampa man was jailed Tuesday afternoon, charged with wearing a clown mask on a public road. Deputies say Matthew David Lopez, of 7003 Ponderosa Drive, was seen with two other people walking south on N 58th Street, just north of E Fowler Avenue. What caught a deputy’s...
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