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Member Submitted News

Nov 20 09:24

Ron Paul for Treasury?

He's a policy guy, not a banker. This is important because Paul wouldn't have any "former associates" in the banking industry to cover for, sympathize with, or protect. Paulson, on the other hand, can't escape the whiff of insider-ism in everything he's doing. Questions like "Why isn't the bailout being used as originally planned?" and "Why can't we get a clear picture of who's getting the money and who's being turned down?" may have a reasonable answer, but the overall tone of Cover-Your-Buddy's-Ass can't be ignored.

Nov 20 09:01

Nemesis in Slow Motion.

The Treasury in America has led the world in the curative process to heal the wounded monster that they had created. The rest of the world has followed suit like lambs to the slaughter. YES, we will guarantee bank deposits, YES we will inject "liquidity" back in to the banks, YES we will regulate the financial markets more, YES, we will ask the IMF to supervise the transactions in derivatives and CDO's and be the Guardian of the Free Market. Who are these guys kidding ?

Nov 20 08:22

DO YOU THINK GOLD DESERVES TO TRADE IN A FREE MARKET?

The relentless selling we have seen over the past month in precious metals was kicked off by the manipulative interventions occurring right around the time of the Fannie Mae and Freddie Mac implosions in mid-July.

Nov 20 08:21

Wall Street Taking A Closer Look at Collateral Management

The collapse of Bear Stearns and Lehman Brothers and the struggles of AIG have brought a gravity and urgency to counterparty risk and its sidekick, collateral management. Just as people tend not to think about insurance until they have an accident, collateral management -- the tracking and managing of the collateral that backs loans and credit-related derivatives -- was a relatively ho-hum middle-office function until the subprime crisis.

Nov 20 06:24

'Joe the Plumber' lands book deal

I'm feeling whoozie and zeeing zerious doublez. I think I'm going to blow the lunch I haven't even eaten yet.

First Sarah Palin signs a book deal. And now Joe the Plumber!

My prospective publisher New Society Publishers is worried about the number of trees that get cut down in order to publish a book. And they are in Canada where there is hardly what could be called a shortage of trees!

Nov 19 22:36

Academics warn of EU 'three strikes' back door plan

The content industry has lobbied to force internet service providers (ISPs) to disconnect users they suspect of engaging in copyright-infringing file-sharing after two warnings.

Digital rights activists have questioned the accuracy of the evidence gathered by industry against individuals and have said that the effects on a whole household of one user's actions are disproportionate.

Nov 19 22:28

Lost bird's 'phone call' to owner

A missing cockatiel is now safe and sound at home after confirming its own name in a phone call to its owner.

Accountant Sue Hill, who found the bird in Wrexham, was put in touch with a possible owner by a local vet.

When she called the number she let the bird listen to the voice at the other end of the phone - at which point it chirped its own name: "Smokey."

Mrs Hill said it was the first time the bird had spoken, which convinced her she had found its owner.

Nov 19 22:24

Oops... Female astronaut loses tool bag during Shuttle spacewalk

It's a common question voiced by many exasperated DIY enthusiasts... just where did I put my tool bag? For one astronaut, making repairs to the International Space Station, the answer was unfortunately into infinity.

Lead spacewalker Heidemarie Stefanyshyn-Piper was working on restoring full power to the orbital outpost when she lost her vital kit, 200 miles above Earth.

The astronaut from the Endeavour shuttle had realised one of the grease guns she was using had leaked, soiling her glove.

Nov 19 22:19

Out Of Pure Light, Physicists Create Particles Of Matter

A team of 20 physicists from four institutions has literally made something from nothing, creating particles of matter from ordinary light for the first time. The experiment was carried out at the Stanford Linear Accelerator Center (SLAC) by scientists and students from the University of Rochester, Princeton University, the University of Tennessee, and Stanford. The team reported the work in the Sept. 1 issue of Physical Review Letters.

Nov 19 22:19

Out Of Pure Light, Physicists Create Particles Of Matter

A team of 20 physicists from four institutions has literally made something from nothing, creating particles of matter from ordinary light for the first time. The experiment was carried out at the Stanford Linear Accelerator Center (SLAC) by scientists and students from the University of Rochester, Princeton University, the University of Tennessee, and Stanford. The team reported the work in the Sept. 1 issue of Physical Review Letters.

Nov 19 22:19

Out Of Pure Light, Physicists Create Particles Of Matter

A team of 20 physicists from four institutions has literally made something from nothing, creating particles of matter from ordinary light for the first time. The experiment was carried out at the Stanford Linear Accelerator Center (SLAC) by scientists and students from the University of Rochester, Princeton University, the University of Tennessee, and Stanford. The team reported the work in the Sept. 1 issue of Physical Review Letters.

Nov 19 19:01

Finger-pointing begins as Senate nixes auto vote

A Democratic Congress, unwilling or unable to approve a $25 billion bailout for Detroit's Big Three, appears ready to punt the automakers' fate to a lame-duck Republican president. Caught in the middle of a who-blinks-first standoff are legions of manufacturing firms and auto dealers - and millions of Americans' jobs - after Senate Democrats canceled a showdown vote that had been expected Thursday. President George W. Bush has "no appetite" to act on his own.

U.S. auto companies employ nearly a quarter-million workers, and more than 730,000 other people have jobs producing the materials and parts that go into cars. About 1 million on top of that work in dealerships nationwide. If just one of the auto giants were to go belly up, some estimates put U.S. job losses next year as high as 2.5 million.

Nov 19 16:16

Arts Patron Guilty in Fraud Case

DANIEL J. WAKIN NY Times

Mr. Vilar, 67, blinked when the first guilty verdict was pronounced by the foreman in a United States District courtroom but remain stone-faced. His former partner and co-defendant, Gary A. Tanaka, 65, was convicted of three of the counts.

[...]

The two men, former partners in Amerindo Investment Advisors Inc., were charged in a 12-count indictment alleging conspiracy and securities fraud, investment adviser fraud, mail fraud, wire fraud and money laundering. Mr. Tanaka was found guilty of conspiracy, securities fraud and investment advisor fraud.

Nov 19 15:34

Indian warship destroys pirate ship

An Indian warship destroyed a pirate "mother vessel" in the Gulf of Aden, the navy said Wednesday, as bandits demanded a ransom for a Saudi super-tanker seized in the most daring sea raid yet.

The Indian frigate INS Tabar, one of dozens of warships from several countries protecting shipping lanes in the area, attacked the Somali pirate ship late Tuesday after coming under fire, navy spokesman Nirad Sinha said.

Nov 19 14:32

Mark Begich's Dad Nick Begich was Former US Representative Killed in Small Plane Crash

(Amazing, another Democrat killed in a small plane accident which benefited an evil Republican...)

In 1970, Begich was elected to Alaska's at-large seat in the U.S. House of Representatives, defeating Republican banker Frank Murkowski (later a U.S. Senator and eventually Governor of Alaska). In 1972, he faced the Republican state senator Don Young. On October 16, 1972, he was aboard a twin engine Cessna 310 along with Congressman Hale Boggs of Louisiana when the plane disappeared during a flight from Anchorage to Juneau...

Nov 19 13:51

Pirates anchor hijacked supertanker off Somalia coast

The Saudi Arabia-owned supertanker hijacked by Somali pirates in a raid several hundred miles out to sea is understood to have anchored off the coast of Somalia.

The Sirius Star, which is fully loaded with crude oil, is understood to be at anchor close to a headland called Raas Cusbad, near Hobyo.

The owner of the ship, Vela International Marine, said the 25 crew members on board were safe.

The company said response teams had been established and were working to ensure the release of the crew and the vessel, which was seized by pirates on Saturday.

Nov 19 13:45

Advertising Obama Questions

Full Page Ad in Washington Times Weekly - November 17, 2008

http://www.obamacrimes.com/index.php/news/65-full-page-ad-in-washingto...

Nov 19 09:36

Obama Embrace of Wall Street Insiders Points to Politic Reforms

As the president-elect faces a once-in-a-century opportunity to remake the regulatory apparatus governing Wall Street, some of Obama's fellow Democrats and investor groups are urging him to bring sweeping changes to banks, hedge funds and executive pay. His closest economic advisers, men like Robert Rubin, Lawrence Summers and Paul Volcker, may recommend otherwise: go slow.

Nov 19 07:45

Will The US Government Accept Responsibility For The Slaughter Of Over 1,000,000 Iraqis.

By Michael Schwartz
I recently received a set of questions from Le Monde Diplomatique reporter Kim Bredesen about the 2007 Project Censored story about 1,000,000 Iraqi deaths due to the U.S. invasion and occupation of Iraq. The questions and answers are, I think, useful in framing both the untold story of the slaughter in Iraq and the failure of the U.S. media to report on its extent or on U.S. culpability for the deaths of 4% of the Iraqi population.

Nov 19 07:15

Global liquidity crisis 'is over'

Un-named Staff Writer BBC Business News

The head of Japan's largest brokerage, Nomura Holdings, has suggested the global liquidity crisis is over.

Nomura chief executive Kenichi Watanabe said the main problem now was how to revive the real economy.

[...]

Nomura is buying bankrupt Lehman Brothers's European, Asian-Pacific and Middle Eastern operations for $2bn (£1.34bn).

Nov 19 06:47

Credit crisis dims the lights for power industry

Great Falls Montana: As workers scramble to build an $800 million coal-fired power plant on a patch of farmland here, a crisis that began on faraway Wall Street threatens to stretch America's power supplies to the brink — driving up prices and laying the stage for future shortages.

Nov 19 06:12

Obama: Oratory and originality

By Stephanie Holmes BBC News

US President-elect Barack Obama's rhetorical skill, his ability to captivate and inspire audiences with his powerful speeches, has led many writers to describe him as "the greatest orator of his generation".

Nov 19 02:16

America’s Moronic Iraqi Policy By Paul Craig Roberts

According to all accounts the US faces its worse economic crisis since the Great Depression with $2 trillion in near-term financing needs for bailouts and economic stimulus. This is an enormous sum for any country, especially for one that is so heavily indebted that it is close to bankruptcy. If the money can’t be borrowed abroad, it will have to be printed--a policy that carries the implication of hyper-inflation.

In normal life a borrower who must appeal to creditors makes every effort to bring order to his financial affairs. But not the Bush regime.

Nov 19 00:28

Smoking ban lifted at struggling casinos

A controversial smoking ban in Atlantic City casinos has been lifted by the city council after the local economy was hit by a steep fall in profits.

Nov 18 22:24

30 reasons for Great Depression 2 by 2011

Scan these 30 "leading indicators." Each problem has one or more possible solutions, but lacks unified political support. Time's running out. We're already at the edge. Add up the trillions in debt: Any collective solution will only compound our problems, because the cumulative debt will overwhelm us, make matters worse

Nov 18 22:13

Ron Paul Fox Business News 11/18/2008

Nov 18 17:42

Texas grand Jury indicts Cheney, Gonzales

A grand jury in south Texas indicted Vice President Dick Cheney and former Attorney General Alberto Gonzales on separate charges related to alleged prisoner abuse in federal detention centers, Willacy County District Attorney Juan Angel Guerra told CNN Tuesday.

Nov 18 17:39

Dutch Insurer May Buy Thrift to Get US Bailout Funds

Dutch insurer Aegon said it may buy a small U.S. thrift company to qualify for potentially more than $1 billion in U.S. government support, sending its shares down more than 8 percent.

Nov 18 15:50

US defense secretary expands pre-emptive war doctrine to include nuclear strikes

"According to Gates, the US must be able to credibly threaten a nuclear holocaust against any state that "challenges" the US in the nuclear arena or with other "weapons of mass destruction." By his own words, such a challenge does not require a nation to threaten to attack the US. It does not even require that a nation possess nuclear weapons or other WMD. It is enough for a nation merely to "seek" such weapons for it to become a potential target for a preemptive "overwhelming, catastrophic response" from the United States.

Nov 18 15:41

Obama courts trouble with dubious decision to appoint Emanuel

They wanted him to Barack their world, but in his first major appointment the President-elect has sent the dreamers back to their barracks. He asked Rahm Emanuel to be the White House Chief of Staff, thus alienating those domestic political opponents he claimed he wanted to include in his new America and, perhaps more importantly, outraging the Arab and greater Muslim community.

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