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February 20, 2009

Feb 20 11:41

Iran holds enough uranium for bomb

Iran has built up a stockpile of enough enriched uranium for one nuclear bomb, United Nations officials acknowledged on Thursday.

Webmaster's Commentary: 

Note that what they are talking about here is low-enriched uranium, such as used for power station fuel rods. This is NOT bomb-grade material until it is reprocessed.

Feb 20 11:40

Financial meltdown blamed on risk models

The failure of banks to count, manage and hedge their risks over the past decade is responsible both for the fantastic growth before 2007 and the crash that followed, according to the Bank of England’s director for financial stability.

Webmaster's Commentary: 

Ah yes, the rush is on to find someone to blame.

But the initiating event in this financial catastrophe is obvious. The US Government gave huge tax breaks to corporations to make it easier to send manufacturing to other countries.

UP UNTIL THAT FATEFUL DECISION, Americans WERE paying their mortgages.

UP UNTIL THAT FATEFUL DECISION, Americans WERE paying their credit.

UP UNTIL THAT FATEFUL DECISION, Americans WERE buying retail products.

Feb 20 11:36

Netanyahu may seek Syria deal to deflect U.S. pressure

Former U.S. ambassador to Israel Martin Indyk said Thursday that he believes that should Likud Chairman Benjamin Netanyahu become Israel's next prime minister, he "will try to deflect American pressure by seeking a deal with Syrians"

Feb 20 11:34

'Israel responsible for blocking Egypt's effort's to broker truce'

"Israel is responsible for blocking Egypt's efforts to broker a [Gaza] truce by adding a new condition at the last minute," Damascus-based Hamas leader Khaled Mashaal was quoted as saying on Tuesday.

Emigrate While You Still Can - Finca Bayano In Panama!

Finco Bayano
Feb 20 11:26

Iran s president calls for "real changes" in U.S. policies

Iranian President Mahmoud Ahmadinejad on Wednesday repeated his call for "real changes" in the U.S. policies, the official IRNA news agency reported.

Feb 20 11:26

Tehran firm to help rebuild Basra in southern Iraq

An Iranian company, Karam, has succeeded with its bid for the project because British and US companies, wary of security conditions, were slow to make offers, the head of investment in Iraq's biggest port told The Times. "The Iranians are going for all the contracts," one British official said in Basra.

Feb 20 11:23

Citigroup, Inc. (C) plunges

Under $2

Feb 20 11:11

‘Made in the U.S.A.’ isn’t dead, just different

Manufacturing sector is shedding jobs; Experts see it changing

Webmaster's Commentary: 

This is a puff piece. Yes, the US makes things like gas turbines and war materials, but those are big ticket items where only a few are made and sold at high profit. This is great for the company owners but the actual number of manufacturing jobs is, as this article readily admits, in decline.

You cannot prosper a nation of millions by having a few thousand workers making a few dozen whatevers that sell for a million each to other companies. The real key to allowing Americans to pay down their debts is millions of people making millions of somethings that millions of the rest of the world's people buy and use.

Feb 20 11:04


Shimon Peres, Israel’s president, has asked Benyamin Netanyahu, the leader of the Likud party, to form a new coalition government within six weeks.

Feb 20 11:03

Ecuador Expels U.S. Diplomat Accused of Meddling

Ecuador's foreign minister announced here Wednesday that U.S. Embassy First Secretary Mark Sullivan is being expelled for interfering in the internal workings of the Andean nation's police.

Feb 20 11:03


What was this little girl’s name, I wonder. How old was she? Was she sleeping when the bomb hit her home? Did she die a quick death or a slow, agonizing one? Where are her parents, her siblings? How are they faring?

Of the 1,330 Palestinians killed by the Israeli military during the 22-day invasion of Gaza, 437 were children. Let me repeat that: 437 children — each as beautiful and precious as our own.

Feb 20 11:01


Yes, indeed. The administration called upon “human rights” to justify the suppression of speech.

Webmaster's Commentary: 

War is Peace.
Freedom is Slavery.
Ignorance is Strength.

Feb 20 10:57

Scary Court Cases Have Grave Implications for Freedom and Security

Chief among our federal government’s responsibilities is to protect American citizens from foreign invasion, but it’s done little or nothing to help Barnett. Rather than protecting him, our government instead enables foreign invaders to sue him. That’s how bad it’s gotten.

Feb 20 10:55

Clinton opens North Korean can of worms

WHEN the United States Secretary of State warned that a succession battle in North Korea could complicate nuclear negotiations with its government, she broke an informal taboo.

Diplomats do not talk publicly about what comes after Kim Jong-il, the convalescing dictator who has turned North Korea into a rogue nuclear state.

Feb 20 10:55

NYU Student Protest Takes Violent Turn Overnight

Demonstrators Blow Off 1 a.m. Deadline To Vacate Barricaded Cafeteria; Cops Scuffle With Crowd Outside
Students Want Back-And-Forth On Financial Transparency

Feb 20 10:54


This is a transcript from the court trial mentioned in Aaron Russo's "America: From Freedom to Fascism." On page 23 of this transcript, Judge James C. Fox admits that the 16th Amendment to the United States Constitution, the Amendment on which the income tax is based, was never properly ratified.
This is a rare admission for a Judge to make, given that the entire court system (including the Judge's salary) is funded from tax revenues, but in this case, the Judge states what we have known all along; when the relevant documents are actually examined, as opposed to the majority of Judges who simply declare the Amendment ratified by judicial fiat (a power and authority NOT granted to them under the Constitution), it cannot be demonstrated that the 16th amendment was ratified.

Feb 20 10:50

US authorities 'had been investigating Allen Stanford for 15 years'

American authorities have been suspicious of Allen Stanford's financial dealings for 15 years but only accelerated their investigation after the Bernard Madoff fraud was exposed, it was claimed today.

Another reason the "authorities" are a waste of money.

Feb 20 10:45

Economic Fascism and the Bailout Economy

The fascist state has always been an attempt to control private industry by means of inflation, taxation, and regulation. Fascism has always been a system of keeping the big boys alive and happy at the expense of the taxpayers.

Feb 20 10:45

U.S. Sues UBS For 52,000 More Client Names

Following up on Wednesday's post (UBS Agrees to Pay $780m and Disclose Clients to Settle Tax Fraud Case): the Justice Department has sued UBS, seeking the identities of 52,000 Americans who used the bank to shelter income from the IRS.

Feb 20 10:44

US bank stocks fall to 17-year low

US banking shares hit their lowest level since 1992 on Thursday as fears mounted that the government would be forced to nationalise a key institution.

Further heavy selling of key names – Bank of America and Citigroup were once again among the worst performing, down 14 per cent to $3.93 and 13.8 per cent to $2.51, respectively – helped push the Dow Jones Industrial Average to its lowest level in six years.

Feb 20 10:27

Politically Incorrect Disinvesting? Alan Dershowitz Calls for Israel Related “Counter-Disinvestment Campaign”

Harvard Law School Professor Alan M. Dershowitz has called for a “counter-disinvestment campaign” against Hampshire College unless the school explicitly denies claims that their recent decision to withdraw from a mutual fund represents an act of divestment from Israel, reports The Harvard Crimson.

Webmaster's Commentary: 

What Alan M. Dershowitz doesn't understand (or maybe he just assumes you are too stupid to see) is that it is actions like this which validate concerns that Jewish people use their money to bludgeon US society to their will.

This is the same mistake they made with regard to Germany in the 1930s.

I understand that did not work out too well.

Feb 20 10:21

Oklahoma House Votes 83 to 13 to Restore Sovereignty

On Wednesday the Oklahoma House of Representatives became the first state legislative body this year to pass a resolution affirming its "sovereignty under the Tenth Amendment to the Constitution

Feb 20 10:14

GM's Plan: Subsidize Our 48-Year-Old Retirees

Detroit agreed to let auto workers retire with full pension and benefits after 30 years on the job, regardless of their age. In practice, that meant a worker could start at age 18, retire at 48, and spend more years collecting a pension and free health care than he or she actually spent working.

Webmaster's Commentary: 

Boy, do I feel stupid for going to college and missing a sweet deal like that!!! :)

Feb 20 10:12

Sources: War tours strain US military readiness

Webmaster's Commentary: 

Golly gee whillikers we're just gonna have to take more money from you!

Feb 20 10:12

The Pentagon Wars - A product management lesson

Webmaster's Commentary: 

A raucously funny movie directed by Richard Benjamin and based on the real life experiences of Col. James G Burton; the laughter is tempered by the fact that this is a true story of how the Defense establishment works.

Feb 20 09:55

Leading U.S. rabbi welcomed Obama, now stands accused of idolatry

Rabbi Haskel Lookstein of Congregation Kehilath Jeshurun in New York would never have made the mistake of wearing a cross, certainly not in shul. But he nevertheless is in hot water for a similar "Christian" offense to Orthodox sensibilities: He attended a joint interfaith prayer service commemorating President Barack Obama's inauguration, contravening the rules of the Rabbinical Council of America, of which he is a member. And what's worse, he did it in a church.

Webmaster's Commentary: 

You know, Christians, Jews, and Muslims all share a common root with Abraham. I have to wonder what he would think is he were alive today looking at how all the various splinter groups that remain of his one unified religion all sneer at each other.

Feb 20 09:51

Arctic Sea Ice Underestimated for Weeks Due to Faulty Sensor

A glitch in satellite sensors caused scientists to underestimate the extent of Arctic sea ice by 500,000 square kilometers (193,000 square miles), a California- size area, the U.S. National Snow and Ice Data Center said.

The error, due to a problem called “sensor drift,” began in early January and caused a slowly growing underestimation of sea ice extent until mid-February. That’s when “puzzled readers” alerted the NSIDC about data showing ice-covered areas as stretches of open ocean, the Boulder, Colorado-based group said on its Web site.

Webmaster's Commentary: 

"See! We need MORE tax money to buy better sensors!!!! More taxes. MORE TAXES!! MONEY MONEY MONEY MONEY MONEY MONEY, BWAH HA HA HA HA ... I'm okay. You can let me go now." -- Al Bore.

Feb 20 09:48

Justifying Israeli War Crimes

Yet with Israel's pullout in 2005, the Palestinian experience has not improved. Rather, it has become even more unpredictable and isolated. Palestinians who celebrated the exodus of the Israeli settlers and the return of their land could not have imagined what would follow and how Israel would subsequently unleash its brutal force against them. As the saying goes, nothing in life is free and the Palestinians have paid, and continue to pay, a dear and unforgivable price for Israel's withdrawal from their legally rightful land.

Feb 20 09:39

Is the U.S. Paying Off the Italian Government for Forging the Niger Documents?

Congresswoman Rosa DeLauro (D-Conn) and others have alleged that the contract for 28 Marine One helicopters was awarded to the Italian firm Finmeccanica as a thank you for Italy's participation in the Iraq War. The evidence, however, indicates that the contract was more specifically a payoff to the Italian government for supplying the forged documents showing Saddam had obtained weapons grade uranium from Niger. President Bush famously used this fraudulent "yellowcake" intelligence to justify launching the war.

Webmaster's Commentary: 

How else do you explain the contract for the President's new fleet of 28 helicopters going to an Italian company while American aviation workers are on unemployment.

Feb 20 09:37

Bailouts expected to add £1.5 trillion to national debt as tax take tumbles

A slump in tax receipts caused by the recession has driven the Government’s finances farther into the red than at any time for 15 years.

Official figures confirmed mounting strains on the Treasury, with Alistair Darling forced to borrow £67.2 billion in the first ten months of this financial year. This was almost three times as much as the same period last year.

The news was followed by warnings from the City that the Chancellor’s full-year forecast for public borrowing of £78 billion would prove to be far from accurate. Economists said that the figure for this year could rise to £100 billion, with borrowing set to surge still higher in 2009-10.

Feb 20 09:37

U.S. defense spending needs restraint

Congress should push the Pentagon to restrain defense spending, as there is no rival conventional force that requires a Cold War budget, an analysis suggests.

Feb 20 09:35

IRAQ: 10000 Enemy Vehicles Destroyed

American occupation army announced it will present tomorrow 10.000 wrecked military vehicles which were brought to Iraq to use in attack against Iraqi population. Most of military vehicles were destroyed at Iraqi Resistance strikes and are still being targeted and destructed by the successful resistance

Webmaster's Commentary: 

Vietnam dragged on despite obvious signs of failure and public opposition because it ground up helicopters, vehicles, and munitions, the replacement of which made cronies in the defense establishment (and the congresscritters they supported) very rich.

Iraq seems to serve no other purpose.

Feb 20 09:14

Netanyahu gets nod to form new Israeli government

Hawkish politician Benjamin Netanyahu urged his centrist rivals to join him in a unity coalition after Israel's ceremonial president formally tapped him Friday to assemble Israel's next government.

For those who don't know, this is Barak Obama's new boss.

Feb 20 08:12

A Profound Statement





Feb 20 08:08

Toothless: The watchdog press that became the government’s lapdog (Part 1)

By Walter Brasch

The president of the Associated Press (AP) was spewing venom at the Bush–Cheney administration for having turned the Department of Defense into a propaganda machine.

Americans “expect honest answers about what’s happening to their sons and daughters,” Tom Curley told journalism students and faculty at the University of Kansas. Listing innumerable ways the Pentagon had advocated Bush-Cheney political beliefs, Curley questioned if the United States should “be trying to influence public opinion through subterfuge, both here and abroad,”

Feb 20 08:03

Toothless: The watchdog press that became the government’s lapdog (Part 2)

By Walter Brasch

In May 2004, the New York Times, while claiming it was aggressive in pursuing stories about the Bush–Cheney administration, slipped in an apology for acting more as the mouthpiece for politicians than as a watchdog for society.

“Coverage was not as rigorous as it should have been,” the Times admitted. Part of the problem, the Times acknowledged, was that “Editors at several levels who should have been challenging reporters and pressing for more skepticism were perhaps too intent on rushing scoops into the paper.” The Times concluded it wished “we had been more aggressive.”

Feb 20 08:03

Jobless hit with bank fees on benefits

First, Arthur Santa-Maria called Bank of America to ask how to check the balance of his new unemployment benefits debit card. The bank charged him 50 cents.

He chose not to complain. That would have cost another 50 cents.

So he took out some of the money and then decided to pull out the rest. But that made two withdrawals on the same day, and that was $1.50.

For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even when they're collecting unemployment benefits, they're paying the bank just to get the money — or even to call customer service to complain about it.

Feb 20 08:01

New York Times Stock Now Costs Less Than Sunday Paper

Shares of NYT (NYT) dropped 29 cents today to close at $3.77. The Sunday paper goes for $4 at the newsstand.

Maybe they could save costs by printing the paper on their stock certificates.

Feb 20 00:04

Putin: Post-US World Blueprint

Putin offered a Blueprint for the next decade, for the ‘Post-US World’ where the US-UK corrupt tag team does not control the helm or sit at the catbird seat.

Feb 20 00:03

The Oligarchs' Escape Plan

This is the text of an email I sent Dr. Micahel Hudson at the University of Missouri:

Dr. Hudson,

Recently, in an article of yours published on CounterPunch entitled, "The Oligarchs' Escape Plan" you stated: "Since the 1950s the International Monetary Fund has made loans to support Third World exchange rates long enough to subsidize capital flight."

February 19, 2009

Feb 19 22:40

Who’s behind Madoff?

WMR has also learned that the kid glove treatment given by federal authorities to Madoff, including allowing him to remain in his Upper East Side luxury town home, is because Madoff’s Ponzi scheme was part of a much larger operation, one involving top officials of both the George W. Bush and Barack Obama administrations, as well as the notorious Russian-Israeli Mafia.

Feb 19 22:39

Why the Promise of Biofuels is a Lie

For years, the US has been inundated with claims that it should follow Brazil’s lead on biofuels. These arguments have largely been made by a small, but influential group of neoconservatives who claim that the US should quit using oil altogether. They claim that using more ethanol – produced from sugar cane, or corn, or some other substance – will impoverish OPEC and America will once again be returned to prosperity.

Feb 19 22:39

Report: “Israeli Amy kidnapped 7600 children since 2000, 246 remain behind bars”

Feb 19 22:39

Lives buried under the rubble in Gaza

Three weeks after the Israeli offensive on the Gaza Strip, 16-year-old Maysa al-Louh sits stoically on the pile of sand that consumes half her home in Beit Lahiya. Under the sand, churned up by Israeli bulldozers during incursions into the area on 4 January 2009 lie all her report cards and school awards that were testament to her excellent academic record.

Feb 19 22:35

The Face of Shrillness

The glaring discrepancy he notes -- between (a) the consensus of our political class that workers must endlessly give up wage, health and other benefits even as (b) we shovel trillions of dollars in government subsidies to Wall Street for ongoing massive executive bonuses and the like for the very people who caused the collapse -- is one that (whether you agree or disagree with it) is rarely heard in our mainstream debate with such clarity and passion.

Feb 19 22:34

Holocaust-denying bishop ordered to leave Argentina

Argentina has given a Roman Catholic bishop who denies the extent of the Holocaust 10 days to leave the country or else he will be expelled, the government said today.

Bishop Richard Williamson, an ultra-traditionalist who headed a seminary near Buenos Aires until earlier this month, has said he believes there were no gas chambers and that no more than 300,000 Jews died in Nazi concentration camps, rather than the 6 million figure that is widely accepted by historians.

Feb 19 22:12

New York Times Stock Now Costs Less Than Sunday Paper

Shares of NYT dropped 29 cents today to close at $3.77. The Sunday paper goes for $4 at the newsstand.

Maybe they could save costs by printing the paper on their stock certificates.

Feb 19 22:09

Sarkozy, Carlyle Group/US gov't in banking collusion?

District's Carlyle Senses a Profit in Toxic Bank Assets, Buyout Firm Raises $1 Billion
By Thomas Heath
Washington Post Staff Writer
Monday, February 16, 2009; Page D03

District-based Carlyle Group, a giant private-equity firm, has raised around $1 billion and hopes to add $2 billion more for investments in financial institutions that come up for sale under President Obama's economic rescue plan, according to people familiar with the company's plans.

The buyout firm will use the money to help with the recapitalization of banks whose balance sheets have been rocked by toxic mortgage assets and are in need of cash, said the sources, who spoke on condition of anonymity because they are not authorized to speak publicly. The financial crisis has crippled institutions big and small.

Feb 19 22:02

New bill would force ISPs to retain user data for two years

A pair of Republican legislators have introduced legislation that would require ISPs to retain user data for two years as a means of helping law enforcement fight child porn; is this latest effort narrow enough to finally pass?

Feb 19 21:54

Lebanese in Shock Over Arrest of an Accused Spy

For 25 years, Ali al-Jarrah managed to live on both sides of the bitterest divide running through this region. To friends and neighbors, he was an earnest supporter of the Palestinian cause, an affable, white-haired family man who worked as an administrator at a nearby school.

To Israel, he appears to have been a valued spy, sending reports and taking clandestine photographs of Palestinian groups and Hezbollah since 1983.

See also: Photographic Evidence Showing Ziad Jarrah Was Not a 9/11 Hijacker

Feb 19 21:50

Operation Uptick: Obama Launches Afghan Surge

And so it begins: the great Obama "surge" in Afghanistan. Before withdrawing a single soldier from Iraq, Barack Obama is throwing 17,500 more troops into the boiling Afghan cauldron. The deployment is the first installment of what Obama aides affirm could be a much larger escalation down the road: as soon as the vaunted "strategic review" of Afghan policy – led by hawks like Joe Biden, Richard Holbrook and General David "Pre-President" Petraeus – is completed.

Most of the new troops are apparently going to be sent on a fool's errand to eradicate the only means of support of poor Afghans: the opium crop. Previous such efforts by American forces and their allies have produced nothing but more poverty, anger, extremism and support for the insurgency. And whatever the mission, increased troop levels and military action have led invariably to steep rises in civilian casualties – which, in turn, produce more poverty, anger, extremism and support for the insurgency.

Feb 19 21:47

Israel takes control of more West Bank land

Israel has taken control of a large chunk of land near a prominent West Bank settlement, paving the way for the possible construction of 2,500 settlement homes, officials said Monday, in a new challenge to Mideast peacemaking.

Feb 19 21:41

Likud leader likeliest to govern Israel

Benjamin Netanyahu, leader of Israel's rightwing Likud party, became the likeliest candidate to lead the country's next government after winning the backing yesterday of the ultranationalist Yisrael Beiteinu party.

Avigdor Lieberman, the far-right leader of Yisrael Beiteinu, said he had dec-id-ed to recommend to Shimon Peres, Israel's president, that he select Mr Netanyahu to put together a new government following last week's inconclusive elections.

Feb 19 16:52

NEED A JOB????????

Feb 19 16:48

Newly Poor Swell Lines at Food Banks Nationwide

Cindy Dreeszen and her husband live in one of the wealthiest counties in the United States. They have steady jobs, his at a movie theater and hers at a government office. Together, they earn about $55,000 a year.

But with a 17-month-old son, another baby on the way, and, as Ms. Dreeszen put it, “the cost of everything going up and up,” the couple went to a food pantry last week to ask for some free groceries.

Feb 19 16:38

Top 25 Censored Stories for 2009

#1. Over One Million Iraqi Deaths Caused by US Occupation

Feb 19 16:30

Pentagon issues performance pay and bonuses averaging 8.35 percent

Nearly all of the employees in the Defense Department's new personnel system were rewarded for their job performance in their first paychecks of 2009, with the average pay raise and bonus totaling 8.35 percent.

Webmaster's Commentary: 

This the same Pentagon that lost $3 trillion of the taxpayers money a few years back?

Feb 19 16:24

Gone in 60 Days: Citi and Bank of America Won’t Live to See May

Citigroup (C) and Bank of America won’t live to see May. The government will take them over within the next 60 days. The announcement may come as soon as tomorrow evening.

Feb 19 16:14

Recession will be worst since 1930s: Greenspan

Former U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday the current global recession will "surely be the longest and deepest" since the 1930s and more government rescue funds are needed to stabilize the U.S. financial system.

Feb 19 16:11

Lost jobs, mass poverty: United States threatened by riots and social unrests

The global financial crisis could lead to an economic meltdown - and to instable democratic structures in the western world. Because governments spend more billions than they possess, the outcome will probably be a massive inflation connected with millions of lost jobs - or even the total collapse.

Feb 19 16:08

Eight feared dead after Russia sinks Chinese cargo ship

Eight crew were feared dead after Russian Coast Guard vessels fired on a Chinese ship that was fleeing port after a dispute over a rice cargo, Chinese and Russian sources said Thursday.

Feb 19 15:59

Top cancer researcher found dead

Webmaster's Commentary: 

A stop smoking billboard tipped over on her. :)

Feb 19 15:17

Stanford probe widens, Venezuela seizes bank

U.S., Latin American and European investigators widened probes on Thursday into the far-flung financial empire of Texas billionaire Allen Stanford, accused of "massive fraud," and Venezuela seized one of his banks.

Feb 19 15:16

Get Ready for Mass Retail Closings

About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it's clear there's too much retail space. Just visit Web site deadmalls.com and track retail's growing body count. And luxury retailers? They're on "life support," Davidowitz says.

Feb 19 15:15

US Sen. Kerry goes to Gaza Strip, avoids Hamas

Sen. John Kerry came to the Gaza Strip on Thursday, the highest-level visit by a U.S. official since the Hamas militant group seized power in the territory nearly two years ago.

Kerry did not meet with anyone from Hamas, which the U.S. shuns as a terrorist group, and used the visit to urge the group to end its violent campaign against Israel.

Feb 19 15:14

Nearly 5 million getting unemployment benefits

The number of laid-off workers receiving unemployment benefits has jumped to an all-time high near 5 million while new jobless claims remain well above 600,000. Both figures were worse than expected and new projections from the Federal Reserve show unemployment rising for the rest of this year.

Feb 19 15:09

FLASHBACK - Al Qaeda's Chief Of Ops Has Startling Background

In the April 19 issue, American Free Press reported on the little-noticed point that Khalid Shaikh Mohammed, the purported chief of operations of the Al Qaeda terrorist network, had told U.S. interrogators that the Sears Tower in Chicago was also an intended Al Qaeda target-a significant fact in light of evidence that Israeli operatives taken into custody on U.S. soil after the 9-11 terrorist attacks were carrying detailed videotapes of the Sears Tower.

Feb 19 15:08

Screw the Big Banks! Bailout the Small Depositors!

It was last fall, as Americans dared hope that a new administration would take office just in time to save America, Bush announced a first big 'bailout' which would, we were told, prevent a financial collapse, a great depression, a panic! Not least among many reasons the bailout failed is the fact that the wrong people got the money. Although Richard Nixon had famously claimed "We are all Keynesians now", nothing could be further from the truth now.

Thanks to the misplaced reverence for Augustus Reagan, we are all still Friedman monetarists --not Keynesians. That is why the bailout failed and it is the reason future bailouts will fail unless something is done to address the root cause of collapse: the wrong people got the money!

Webmaster's Commentary: 

I like that graphic.

Feb 19 15:04

Iraqi politician killed in latest post-vote attack

Gunmen killed a member of Iraq's largest Sunni Arab party on Wednesday, police said, the latest in a number of political assassinations following recent local polls that brought a major shift to Iraqi politics.

Feb 19 14:58

What a mess! Experts ponder space junk problem

Think of it as a galactic garbage dump. With a recent satellite collision still fresh on minds, participants at a meeting in the Austrian capital this week are discussing ways to deal with space debris — junk that is clogging up the orbit around the Earth.

Webmaster's Commentary: 

I have a relatively cheap way to fix this problem, if there are any interested investors!

Feb 19 14:32

SEC Uncovers Ponzi Scheme Targeting Deaf Investors

The Securities and Exchange Commission obtained a court order halting an alleged Ponzi scheme by Hawaii-based Billions Coupons and its CEO Marvin R. Cooper that was targeting members of the Deaf community in the U.S. and Japan.

Feb 19 13:51

Rahm's Rent Is Just The Tip Of The Ethics Iceberg

Feb 19 13:48

Hollywood's New Censors

None of this, of course, was new; it was how Hollywood created the myth of the Wild West, which was harmless enough unless you happened to be a Native American; and how the Second World War has been relentlessly glorified, which may be harmless enough unless you happen to be one of countless innocent human beings, from Serbia to Iraq, whose deaths or dispossession are justified by moralizing references to 1939-45. Hollywood's gooks, its Untermenschen, are essential to this crusade – the dispatched Somalis in Ridley Scott's Black Hawk Down and the sinister Arabs in movies like Rendition, in which the torturing CIA is absolved by Jake Gyllenhal's good egg.

Feb 19 13:43

FLASHBACK - Mary Schapiro Will Protect Investors the Same Way Willie Sutton Protected Banks

It is a true story. You can't make this up.

A 60 year old doctor invested $100,000 he had in an IRA with a FINRA broker.

The broker put the funds into an after-tax account, triggering a $35,000 tax liability.

Over the next 14 months, during which time the S&P 500 increased in value, the portfolio lost a whopping $86,000, reducing its value to $14,000.

Feb 19 13:40

U.S. Is Bound By Treaty to Prosecute Torture Crimes

Glenn Greenwald on why we're bound by law to prosecute torture cases. (Incidentally, he also points out that a new report states that Bush officials were informed that the legal memos submitted to justify torture were slanted to fit administration policy

Feb 19 13:39

CBS Falsely Portrays Stanford as Democratic Scandal

On Wednesday, federal authorities reported they did not know the whereabouts of Texas banker and scammer Allen Stanford. But what we do know for certain about the financier whose frauds may yet rival the $50 billion Madoff Ponzi scheme is that he donated generously to both political parties in Washington. Of course, that would be news to viewers of CBS Evening News. Because while Stanford gave early and often to Texas Republicans John Cornyn, Tom Delay and George W. Bush, CBS portrayed the fleeing financier as a bagman for Democrats alone.

Feb 19 13:38

Stock Decline Hits Depression Levels

Money invested 10 years ago in stocks have lost half their real value, matching the worst ten years of the Great Depression

Feb 19 13:38


Webmaster's Commentary: 


(I am still not sure if this is a joke or not)

Feb 19 12:13

"The Federal Government Is Bankrupt ... If The Federal Government Were A Corporation … The President And Senior Treasury Officers Would Be In Federal Penitentiary."

"Truthfully," Williams pointed out, "there is no Social Security 'lock-box.' There are no funds held in reserve today for Social Security and Medicare obligations that are earned each year. It's only a matter of time until the public realizes that the government is truly bankrupt and no taxes are being held in reserve to pay in the future the Social Security and Medicare benefits taxpayers are earning today."

Webmaster's Commentary: 
Feb 19 12:08

Sector turns south as housing plan falls flat

Shares of U.S. financial stocks turned negative late Thursday morning as investors remained dubious of a series of unprecedented government plans to reinvigorate the nation's economy and financial system.

Feb 19 12:06

Madoff Loss Spawned in ‘Bargain With Devil’ at Cerberus Bank

The failures are affecting a cross section of the global economy. Mervyn’s LLC, Lyondell Chemical Co. and Linens ‘n Things Inc. -- all controlled by buyout firms -- have filed for bankruptcy. Cerberus received U.S. government aid for Chrysler LLC and GMAC, the lender affiliated with General Motors Corp.

Feb 19 12:05

Like NASCAR drivers, our politicians should wear uniforms clearly stating their sponsors

To start with, the various individuals who have their snouts in the public trough should be obliged to wear uniforms of a sort. The politicians' clothes might resemble those worn by NASCAR drivers and their crews, hard hats and all. Their political affiliation should be clearly marked by big "Rs," "Ds" and "Is" displayed on their chests sort of like the big red "As" that outed some less-than-distinguished persons many years ago. The politicos' sponsors' logos would be prominently sewn on their clothes and caps. That way, when you are out hustling their favors and votes on one matter or another, you'd know who else is kissing their rings to garner favors — it'd say so right on their uniforms. That way, you could temper your ardor based on the competition or lack thereof.

Feb 19 11:54

Stop GM Before They Kill The Economy Again!

GM is currently producing 128,000 cars a month, a pace of 1.5M cars for the year. $16Bn on top of the $14Bn we already gave them means it is costing the Untied States $20,000 PER CAR that GM sells to keep them in business. But wait - it’s worse than that…. GM only employs 140,000 workers in the United States and their "plan" is to lay off 47,000 of them. That means they are asking for $16Bn to keep 93,000 workers - that’s $172,000 PER WORKER!

Feb 19 11:51

Obama Stimulus Saves Microsoft Billionaire Hundreds Of Millions

Billionaire Paul Allen is a Microsoft cofounder, the owner of the NFL's Seattle Seahawks and the owner of the NBA's Portland Trailblazers.

And, thanks to the stimulus bill President Obama signed this week, he's also about to be as much as a billion dollars richer.

Webmaster's Commentary: 

Imagine my relief!

Feb 19 11:48

Benefits neglected for civil retirees

State and local governments have set aside virtually no money to pay $1 trillion or more in medical benefits for retired civil servants, a USA TODAY survey found.

Webmaster's Commentary: 

"Do the patriotic thing. Kill yourself when you can no longer work." -- Official White Horse Souse

Feb 19 11:45


Feb 19 11:44

If the debate over climate change is closed, why is John Coleman, the founder of the Weather Channel, still trying to prove it’s all a scam?

Coleman is angry because he believes we have been brainwashed into thinking we’re ruining our own planet. He wants to let us off the hook, and give us some good news for a change, because, you see, John Coleman says that climate change is a scam.

Feb 19 11:39

Ohio Man Claiming Financial Trouble Killed Family, Then Himself

A man who told a sheriff's dispatcher he had money problems strangled his wife and 11-year-old son, then shot and killed himself, authorities said Wednesday.

Feb 19 11:38

Firearms Confiscation: Survey Given to U.S. Marines

The following survey was given to U.S. Marines at the 29 Palms Marine Corps base in California: DD Form 3206 (Rev 2/96)

Webmaster's Commentary: 

This is actually from back in 1994, and the reason I am linking it is that while I was still running a small animation shop in North Hollywood we had a graphics designer (now with Warner's I believe) who had been a marine at 29 Palms when this survey was given, and he shared with me that his fellow marines wrote down that they would be willing to confiscate guns from civilians not because they really felt that way but because it was so obvious that was the answer the officers wanted.

Feb 19 11:32

A true story that Oprah won't touch

The subject of "Sentenced to Science: One Black Man's Story of Imprisonment in America," Anthony can probably be forgiven for believing his story of enduring an array of Cold War medical experiments while incarcerated in the Philadelphia prison system is the equal of anything that appears on Oprah's show.

Feb 19 11:18

OKC officer pulls man over for anti-Obama sign on vehicle

An Oklahoma City police officer wrongly pulled over a man last week and confiscated an anti-President Barack Obama sign the man had on his vehicle.

Webmaster's Commentary: 

Don't the police have real crimes to deal with, like rape, murder, robbery, that sort of thing?

Feb 19 11:15

Google Earth reveals secret history of US base in Pakistan

The US was secretly flying unmanned drones from the Shamsi airbase in Pakistan's southwestern province of Baluchistan as early as 2006, according to an image of the base from Google Earth.

The image — that is no longer on the site but which was obtained by The News, Pakistan's English language daily newspaper — shows what appear to be three Predator drones outside a hangar at the end of the runway. The Times also obtained a copy of the image, whose co-ordinates confirm that it is the Shamsi airfield, also known as Bandari, about 200 miles southwest of the Pakistani city of Quetta.

Webmaster's Commentary: 

Okay Googlers; start searching out those secret US bases!!!!

Feb 19 11:08

More Bailout, Pleeze

What happens when April comes around, and General Motors still doesn’t have a viable future? Do they get more money? At what point does the nonsense end? At what point do the politicians recognize and accept the fact that continually taking money from the taxpayers and giving it to companies like General Motors in massive corporate welfare schemes can’t ever work?

Feb 19 10:59

Two letters from Olympia Snowe - Geithner and TARP

January 30, 2009

United States Senate
Mr. Don Robertson
34 Main Street. # 103
Limestone. Maine 04750

Dear Don:

Thank you for contacting me regarding the nomination and confirmation of Timothy Geithner to serve as Secretary of the Treasury. I appreciate learning your thoughts on this issue.
You expressed opposition to the confirmation of Mr. Geithner because of his prior failure to pay self-employment taxes - and please be assured I understand and share your frustration and concern.

Feb 19 10:51

Trader Buzz on the Government's Plan

The trading floor buzz on whether the government's plan to save the economy will actually help the markets, with Jason Roney, Sharmac Capital; Wilbur Ross Jr., WL Ross & Co. and CNBC's Rick Santelli

Webmaster's Commentary: 

The problem is that our government and corporate culture consists of lawyers and accountants, so they are trying to solve the problem by bookkeeping tricks and making more laws. But the video hit the point on the head, even with all the rate changes and such, people cannot afford to pay their mortgages any more BECAUSE THE GOVERNMENT GAVE HUGE TAX BREAKS TO CORPORATIONS TO ENCOURAGE SENDING HIGH-PAYING MANUFACTURING JOBS TO OTHER COUNTRIES.

We are a nation that imports products far in excess of our exports. Playing with the numbers cannot change that.

and telling young people who went into debt to obtain college degrees that they have to fill in holes in the roads to eat for the next year is going to be a tough sell.

People do not want anything new. They want what they had before, no more and no less. They want the government to bring back what was lost through reckless and selfish fiscal policy.

We pay taxes to the government to make out lives better. In that regard the government has failed utterly.

Feb 19 10:32

ROYAL BANK OF SCOTLAND - Give Us Back Our Fucking Money

Feb 19 10:26

Afghanistan: Slipping out of control

A grim picture of spiralling violence and a disintegrating society has emerged in Afghanistan in a confidential Nato report, just as Barack Obama vowed to send 17,000 extra American troops to the country in an attempt to stem a tide of insurgency.

Webmaster's Commentary: 

The only society that is disintegrating is the imposed American-style one.

Feb 19 10:13

Joel Kovel accuses Bard of firing him for his anti-Zionist scholarship

At stake for both of the program’s biggest supporters, Al Quds president Sari Nusseibeh and Bard president Leon Botstein, is nothing less than the future of a Palestinian state, and a critically skilled student population to support such a state. Such a move to work together undoubtedly will cause great consternation among extremists on either side, but it also reflects an increasingly popular Israeli view that supporting the creation of a Palestinian state is the only way to ensure a Jewish future for Israel. (The interest for Palestinians is self-evident.)

Feb 19 10:06

Some forensic techniques named as suspect in National Academy of Sciences report

In some cases, innocent people may have been imprisoned, even put to death.

Webmaster's Commentary: 

This is why the death penalty must be abolished. When the state wrongly imprisons someone, they can be released when the state realizes an error has been made. But once you kill someone based on flawed evidence (like Bruno Richard Hauptman), how do you make amends to that wrongfully executed person?

The fact is that the state is fallible, and even the much-vaunted neutron activation analysis used as the sole evidence that Lee Oswald fired all the bullets in Dealey Plaza on November 22nd, 1963 has been discarded as unreliable.