Member Submitted News

Sep 25 17:50

[Video] John McCain's Keating Five Problem In 97 Seconds

Democrats Dennis DeConcini of Arizona, Donald Riegle of Michigan, John Glenn of Ohio and Alan Cranston of California, and Republican John McCain of Arizona, were accused of strong-arming federal officials to back off their investigation of Charles Keating, former chairman of the Lincoln Savings and Loan association. In exchange, the senators reportedly received close to $1.3 million in campaign contributions.

Sep 25 17:36

Palin digs herself in deeper

The portions of Katie Couric's interview with Sarah Palin that were broadcast on Wednesday night were pretty bad. But if the excerpt that CBS News has released so far is any indication, tonight's segment is even worse. Couric asked Palin to explain why she cites Russia's proximity to Alaska as part of her foreign policy experience. The exchange that followed didn't help Palin's case much.

Sep 25 17:18

Bush Aides Linked to Talks on Interrogations

Senior White House officials played a central role in deliberations in the spring of 2002 about whether the Central Intelligence Agency could legally use harsh interrogation techniques while questioning an operative of Al Qaeda, Abu Zubaydah, according to newly released documents.

Sep 25 17:14

Dodd says White House meeting was a disaster

Chris Dodd, the top Democrat on the Senate Banking Committee, said Thursday that bipartisan meeting with President Bush at the White House on the mortgage rescue plan was nothing short of a disaster. In an interview on the CNN cable news network, Dodd described a meeting in which Democrats were blindsided by a new core mortgage proposal from House Republicans, with the tacit backing of Republican presidential candidate John McCain."

Sep 25 17:08

Lawyer: 'Serious Damage' to McCain if Palin Probe Report Out Before Election

An attorney representing Alaska’s Legislative Council said John McCain’s presidential campaign fears a statewide ethics investigation into Gov. Sarah Palin, McCain’s vice presidential running mate, “would cause serious damage to the Republican ticket” if details of the probe were “publicly known before the national election.”

Sep 25 16:36

Congress is a fraud

Congress is a political machine run much like Caesar’s army where all fall in line with the leader to maximize their collective power over the enemy (the people) and so grab the most loot for the troops in the end.

Sep 25 16:32

George Herbert Hoover Bush

If the hyper statist Bush regime is remembered for being too inactive, both in domestic and foreign policy, it portends bad things for the future of America and the way Americans perceive our nation's history.

Sep 25 16:29

Great Depression II

The bailout package that is about to be rammed down Congress’ throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich.

Sep 25 15:59

Shots fired in US-Pakistan clash

The United States military says US and Afghan forces have exchanged gunfire with Pakistani troops across the border with Afghanistan.

A senior US military official says a five-minute skirmish broke out after Pakistani soldiers fired warning shots near two US helicopters.

Sep 25 14:44

What If US Collapses? Soviet Collapse Lessons Every American Needs To Know

Yes, we can learn a lot from the Russians.

Bush and Cheney will be seen as the Yeltsins who sold America's strategic assets to a cabal of neocon gangsters (oligarchs) for a few shekels, who went on to become billionaires; creating the largest drop in the standard of living since that last Milton Friedman neoliberal laboratory, Argentina.

Perhaps we should start a Russian/American website devoted to Russians sharing their experiences with Americans:

-waiting in line for 8 hours for a loaf of bread

Sep 25 13:00

Greg Palast: Rove Has Already Fixed the 2008 Election

Here we go again...

Sep 25 12:20

Letterman Rips McCain No-show

Sep 25 12:07

Lawmakers: Wall Street rescue accord reached

It's over.. We just got flim-flammed. And this is just the first one.

WASHINGTON - Key Republicans and Democrats reported agreement in principle Thursday on a $700 billion bailout of the financial industry and said they would present it to the Bush administration in hopes of a vote within days.

Emerging from a two-hour negotiating session, Sen. Chris Dodd, D-Conn., the Banking Committee chairman said, “We are very confident that we can act expeditiously.”

Sep 25 11:21

Three Way Presidential Debate -

I think Nader, and others should be inclued.

Sep 25 09:57

Ahmadinejad talks Holocaust on CNN

Iranian President, Mahmoud Ahmadinejad has shed light on his views about the Holocaust in an interview with CNN's Larry King Live.

In a recorded Tuesday interview with the renowned TV host, President Ahmadinejad said that Zionism blocks research on the Holocaust.

“They (Zionists) don't allow anyone to freely discuss the historical events that happened. They just say this is our account of history, this is what happened and everybody else must just accept it,” said Ahmadinejad.

Sep 25 09:50

Wall Streets Trillion Dollar Swindle

"The system is at the breaking point, and despite Wall Street's elation from the proposed $1 trillion dollar bailout to remove toxic mortgage-backed debt from banks balance sheets, the market is still correcting in what has become a vicious downward cycle. This cycle will persist until the bad debts are accounted for and written off for or until the exhausted dollar-system collapses altogether. Either way, the volatility and violent dislocations will continue for the foreseeable future."

Giant flim-flamm.

Sep 25 09:14

Pakistan fires on Nato aircraft

Pakistan says its troops fired warning shots at two Nato helicopters as they crossed the border from Afghanistan.

It is the first time the Pakistan army has admitted opening fire near US or Nato forces, as tension grows over cross border military action.

Sep 25 09:01

Bush & McCain Blackmail America With Economic Terrorism

From shying away from even mentioning such terms as “recession,” “unemployment” or “bank failures,” Bush, Bernanke and Paulson are now vigorously invoking the fear of financial meltdown as part of a campaign of economic terror to blackmail the American people into accepting the power-grabbing “bailout,” while John McCain, who last week said the fundamentals of the economy are strong, is now all but threatening to cancel the election should the proposal not receive swift passage.

Sep 25 08:53

Afghanistan Now 15X Deadlier than Iraq

This data is for the last 30 days:

U.S. hostile fire deaths in Iraq: 7
U.S. hostile fire deaths in Afghanistan: 22

Number of U.S. troops in Iraq: 146,000
Number of U.S. troops in Afghanistan: 33,000

Hostile fire death rate in Iraq--7 deaths per 146,000 troops (.005 percent)
Hostile fire death rate in Afghanistan--7 deaths per 10,000 troops (.07 percent)

Sep 25 08:35

Russia-South Ossetia border may vanish

The border between Russia and South Ossetia may cease to exist, according to the Russian Prime Minister Vladimir Putin.

Sep 25 08:30

25 Harshest Reactions To the Wall Street Bailout

"If you think the Bailout of All Bailouts...won't saddle American taxpayers with billions, if not trillions, of risky obligations, you don't know politics... Never before in the history of American capitalism has so much been asked of so many few."

Sep 25 08:26

Richest Americans See Their Income Share Grow

In a new sign of increasing inequality in the U.S., the richest 1% of Americans in 2006 garnered the highest share of the nation's adjusted gross income for two decades, and possibly the highest since 1929, according to Internal Revenue Service data.

Meanwhile, the average tax rate of the wealthiest 1% fell to its lowest level in at least 18 years. The group's share of the tax burden has risen, though not as quickly as its share of income.

Sep 25 08:20

How the planets got their names. by Kathy Wollard

Who named the planets in our solar system? asks a reader.

Since human beings first saw planets in Earth's night sky, they have given them names. Most of the familiar planet names came from ancient Rome. But the naming continues even today, as new "dwarf planets" are discovered at the edges of the solar system.

Sep 25 08:13

The Creation of the Second Great Depression by Ron Paul

The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences – predictable, that is, to those who understand sound, Austrian economics – are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!

Sep 25 08:13

How not to apply for a grant

I'm not usually in a position to say that I have more experience, knowledge and know-how than Ben Bernanke, but he really should've talked to somebody like me before heading to Capitol Hill yesterday to help Treasury Secretary Henry Paulson present a three-page memo asking for $700,000,000,000 of the public's money.

Three pages. Seriously:

Sep 25 07:44

Financial crisis: Lehman Brothers staff’s $2.5 billion bonus bonanza provokes fury

Lehman Brothers’ British staff reacted with fury when told that colleagues at Lehman’s New York office were expected to share in a $2.5 billion bonus bonanza while they would be paid just until the end of the month.

Sep 25 07:41

Lehman losers to get £500m bonus

FAT cats at Lehman Brothers’ London HQ have been promised BONUSES of £500million — days after the bank failed.

Japanese investment bank Nomura will reward the top executives after buying out the European arm of the fallen Wall Street giant.

They insist huge payouts are needed to stop top staff at London’s Canary Wharf being headhunted by rivals.

But the bonuses were branded “obscene” last night as critics said the bonanza rewarded failure.

Sep 25 07:24

War-hit nations head corrupt list BBC

Iraq has been ranked by Transparency International(TI) as one of the world's most corrupt countries, just above Somalia as the "least clean" state.

The index is based on perceptions of public sector corruption in 180 countries and territories.

The high levels of corruption amount to a humanitarian disaster said Huguette Labelle, chair of the watchdog.

At the bottom of the transparency table, along with Somalia and Iraq, are Burma, Haiti, Afghanistan and Sudan.