Member Submitted News

Nov 25 07:23

CitiGroup's destructive potential still poses a systemic threat.

Yesterday's handing over of yet more taxpayer money to CitiGroup has temporarily avoided a truly systemic breakdown of the world banking system but, as always, the real problems have not been addressed and the inevitable collapse has just been delayed.

Nov 25 05:53

You Ain't Seen Nothing Yet By Mike Whitney

So how will Geithner and Summers deal with the problems they'll be facing just two months from now?

They'll do whatever they need to do to stabilize the financial system and to get consumers spending again. That means at least another $2 trillion added to the ballooning national debt and some extremely dodgy ways of getting liquidity into the system.(With the Fed Funds rate already at 1 percent, monetary policy is limited)

Larry Summers, who will serve as Obama's chief economics advisor, summed up his plan like this to Bloomberg News:

Nov 25 05:16

Bad bosses may damage your heart

Staff Writer BBC Health

Inconsiderate bosses not only make work stressful, they may also increase the risk of heart disease for their employees, experts believe.

A Swedish team found a strong link between poor leadership and the risk of serious heart disease and heart attacks among more than 3,000 employed men.

Nov 24 23:55

Coup d'etat!, BO falsely assuming power

[At this particular time, Obama has no US government political power as he has resigned from the Senate. He is NOT Prez-elect yet. He has no legal authority as President, yet is acting as though he does. A strategic "coup d'etat"?

Obama Invents 'Office of the President-Elect'
http://www.newsmax.com/headlines/obama_president_elect_/2008/11/10/149... ]

November 25, 2008
Barack Obama steps in to the power vacuum
Tim Reid in Washington

Nov 24 21:58

And You Thought 1931 Was Bad for the Market

The S.& P. 500 has lost more than a third of its value in a calendar year only twice before, both during the Great Depression. It fell 41.9 percent in 1931, and 38.6 percent in 1937. The worst post-Depression year, until now, was 1974, when the index fell 29.7 percent amid the worst postwar recession the country has yet seen.

But this year, the index is down 45.5 percent.

Nov 24 20:59

Obama Cabinet Picks: A Who’s Who of Establishment Insiders

Timothy F. Geithner
Obama Cabinet Position: Treasury Secretary
Political Party: Democrat
Career: Ford Foundation, Kissinger and Associates (Major Lobbying Firm), IMF, Federal Reserve Bank of New York, Under Secretary of Treasury under Larry Summers and Robert Rubin.
Member: Bilderberg Group, Council on Foreign Relations, Trilateral Commission
Notable Events: In 2007, he brokered the sale of Bear Stearns to JP Morgan using taxpayer money.

Nov 24 19:50

Dollar Collapse Has Begun

Thirty days ago, I predicted the dollar's collapse within a month. I believe that time is now, as the dollar index has broken downwards from the bearish wedge it has been forming over the last six months:

Nov 24 19:42

Russian analyst predicts decline and breakup of U.S.

A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts.

Nov 24 17:33

Bill toughens law on visual sexual aggression against children in Maine

This seems insane but I may be wrong.

Nov 24 16:21

The Bailout Surge

We must remember that governments do not produce anything. Their only resources come from producers in the economy through such means as inflation and taxation. The government has an obligation to be good stewards of these resources. In bailing out failing companies, they are confiscating money from productive members of the economy and giving it to failing ones.

Nov 24 15:49

Who to listen to on the Economy?

Then vs. Now

Nov 24 15:49

Saudi Prince Profits From US Taxpayer Bailout of Citigroup

On November 20th, 2008 it was announced that Saudi Prince Alwaleed bin Talal bought up shares of Citigroup (NYSE: C) increasing his holdings to 5% of the total outstanding shares. The move seemed quite daring at the time as Citigroup’s shares were in freefall dropping 25% in the previous trading day alone (down over 90% in the past year).

Nov 24 15:09

Obama Invents 'Office of the President-Elect'

Obama Invents 'Office of the President-Elect'

Monday, November 10, 2008 12:54 PM

By: Jim Meyers

Barack Obama has created a stir by proclaiming that he heads “The Office of President-Elect” — an office that does not officially exist.

At his first news conference on Nov. 7, Obama stood at a podium bearing a sign that read: “Office of the President-Elect. Also, his Web site, Change.gov, bears the words “Office of the President-Elect” at the top of its home page.

Nov 24 13:36

Vt. Engineer Designs A Good Life for $5,000 a Year

Today's global financial cloud got you feeling gray? Vermonter Jim Merkel sees a silver lining.

[Jim Merkel, a former military engineer living in Norwich, now uses his skills to help people live with less. Jim Merkel, a former military engineer living in Norwich, now uses his skills to help people live with less.

Nov 24 13:10

Willard Wigan micro sculptor

Paying attention to small details.. He sold his works for $20 million, and he can't read or write.. so he claims.

He seems like a very dedicated artist.. More than likely he is.

It would seem impossible to do what he has done without laser tooling of some sort.. But who know.. Where there is a will there is a way.

Nov 24 11:57

Citibank Scam: Why is the U.S. Bailing Out an United Arab Emirates Owned Bank?

The nation's biggest banking firm counts as one of its top stakeholders Prince Alwaleed bin Talal.

As of last year, the prince owned more than $3 billion in Citigroup shares through his company, Kingdom Holding Company. In January, he was one of eight investors to buy a total of $12.5 billion in Citigroup securities.

Nov 24 11:45

GM crops 'to be grown in secret'

Trials could also be conducted away from the public in the Government's Porton Down military research site in Salisbury, Wiltshire, it is claimed.

There are currently no GM food trials underway in the country and the more than 50 that have been conducted since 2000 have been affected by vandalism.

Nov 24 06:19

Hospital to bury unclaimed organs

Parents of children whose organs were removed without consent at Liverpool's Alder Hey hospital have just over six months to claim the body parts.

-------

Claim the body parts?! WTF?

This is a story about the aftermath of organized medicine giving the Catholic Church a run for the immoral money.

It's called corporate greed in either case.

Nov 24 04:29

Obama Would Put Thru a Peace Deal Tomorrow If Not for the American Jewish Community'--MJ Rosenberg

Today's conference at New York's Central Synagogue on Jews uniting against the war—six years after it matters—was remarkable for two things: the soulsearching over the Israel/Palestine issue, which represents real progress after years of denial that the occupation had anything to do with the Iraq war, and indeed denial that there is an Israel lobby and we're part of it, and secondly for fine speeches by Elizabeth Holtzman and MJ Rosenberg. I'll leave till tomorrow a report on the conferees’ sometimes-honorable efforts to come to their senses about the wicked occupation of Palestine.

Nov 23 21:25

Will Nanny Hour Put an End to Happy Hour?

Lifestyle Planners in Britain are considering banning happy hour discounts at bars and restaurants. "They are considering a ban on a number of practices, including drinking games and speed-drinking events popular at some British pubs."

Nov 23 21:16

German False Flag in Kosovo

Germany declined to comment on on Saturday on reports that three Germans arrested on suspicion of throwing explosives at an EU office in Kosovo were intelligence officers.

Nov 23 21:13

Housing Is Bad Enough, but Wait - It'll Get Worse

Washington - If you think the housing slump can't get much worse, Martin Feldstein thinks that both home prices and the broader economy can - and very likely will - get a whole le lot worse.

Nov 23 21:10

Why Obama's Economic Program Will Collapse

Obama wasn't kidding when deferred to FDR as an economic guide. Roosevelt was an unmitigated economic disaster. His economic program of trying to maintain money wages and prices was a formula for mass unemployment. Nevertheless, the brilliant Mr Obama sees it otherwise: hence his dangerous proposal for public works of the Roosevelt kind plus his ridiculous promise to create 2.5 million jobs.

Nov 23 19:09

Kernel vulnerability found in Vista

A flaw in Vista's networking has been found that can crash the system, but no fix is expected until the next service pack

A flaw has been found in Windows Vista that could allow rootkits to be hidden or denial-of-service attacks to be executed on computers using the operating system.

The vulnerability was found by Thomas Unterleitner of Austrian security company Phion and was announced Friday. Unterleitner told ZDNet UK on Friday that Phion told Microsoft about the flaw in October but that he understood a fix would only be issued in the next Vista service pack.

Nov 23 19:06

Green Obama’s official limo is a gas guzzler

On the campaign trail, Barack Obama promised to get a million plug-in hybrid cars on the road by 2015. His own new presidential limousine will be far from green, however.

The Obamobile being prepared for the president-elect is said to be a monster gas-guzzler made by General Motors, the troubled car giant. It will look like a black Cadillac but is built like a tank. A spy photographer who tracks down future car models for magazines snatched pictures of the heavily disguised first-car-in-waiting when it was being road-tested last summer.

Nov 23 18:57

UK brought to standstill as five inches of snow falls in an hour

Severe weather warnings were issued by the Met Office for much of the south east of England, the east of England, the East Midlands and Yorkshire, with the freezing temperatures and heavy snowfall prompting fears of traffic chaos.

The heaviest snowfall was in Aberdeen, where 14 centimetres (5.5ins) of snow fell between Saturday and Sunday.

Norfolk and Lincolnshire were the most affected places in England, with up to five centimetres (2.4 ins) falling in just one hour.

Nov 23 18:57

UK brought to standstill as five inches of snow falls in an hour

Severe weather warnings were issued by the Met Office for much of the south east of England, the east of England, the East Midlands and Yorkshire, with the freezing temperatures and heavy snowfall prompting fears of traffic chaos.

The heaviest snowfall was in Aberdeen, where 14 centimetres (5.5ins) of snow fell between Saturday and Sunday.

Norfolk and Lincolnshire were the most affected places in England, with up to five centimetres (2.4 ins) falling in just one hour.

Nov 23 17:20

The ‘Good War’ Isn’t Worth Fighting

NY Times Op-Ed Contributor | Transitions | RORY STEWART
Published: November 22, 2008

"We invaded [Afghanistan] intending to attack Al Qaeda and provide development assistance."

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Rory Stewart is full of it as he makes the case Afghanstan is a lost cause.

Afghanistan is a lost cause because there is no possible way to put a pipeline through Afghanistan's rugged interior terrain and then protect it from attack.

Eat your heart out NY Times. You read it here first on What Really Happened.

Nov 23 16:37

Paying The Toll

Staff Writer - Worcester Business Journal

It’s time for the state — including its residents and politicians — to get practical about the current financial crisis. The Big Dig was an ill-thought-out graft fest and we’re all going to pay the price one way or another.

But the issue has become murky as the Turnpike Authority gave preliminary approval for hikes in and around Boston, including doubling the tolls to $7 on the two tunnels into Boston. Not surprisingly, outrage to the hike has spread like wildfire.

Gas It Up

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