Member Submitted News

Oct 05 08:27

Springsteen rocks Obama rally in Philly

PHILADELPHIA (AP) - Bruce Springsteen called the Bush presidency "a disaster" and said many Americans have "justifiably lost faith" in the American dream.

The legendary rocker interrupted a seven-song acoustic set at a voter-registration rally in Philadelphia on Saturday to praise Democrat Barack Obama and bemoan the crises facing the next president. Springsteen said that America remains a house of dreams for some, but that too many people have given up on the promise of fairness and equality.

Oct 05 08:13

[Video] Former Diebold Contractor Blows The Whistle On Election Manipulations

VR has an exclusive interview with former Diebold contractor Chris Hood that talks about many disturbing actions by Diebold during prior elections, including illegal, uncertified and unreported patches, and improper feeding of tabulation results by Diebold Chief Bob Urosevitch. This interview was prepared for a major news program special that was supposed to air two weeks before the 2006 midterm election. At the last moment, however, the special was killed by the corporate media.

Oct 05 08:06

Why the Bailout Stinks.. Mike Whitney

For nearly a year, we have been asking ourselves why the investors and foreign banks that bought up hundreds of billions of dollars of worthless mortgage-backed securities (MBS) from US investment banks have not taken legal action against these same banks or initiated a boycott of US financial products to prevent more people from getting ripped off?

Oct 05 08:01

Why is the NY Times continuing to ignore McCain's "own Bill Ayers"?

On October 4, The New York Times published a 2,140-word front-page article about Sen. Barack Obama's association with former Weather Underground member William Ayers -- at least the 18th Times article this year mentioning that association. But the Times has yet to mention, let alone devote an entire article to, Sen. John McCain's relationship with radio host and convicted Watergate burglar G. Gordon Liddy.

Oct 05 07:53

Now Wall Street may shun $700bn bail-out

Last Monday, after the bill was thrown out by the House of Representatives, more than $1 trillion was wiped off the value of US stocks as the market was gripped by panic. The bill was passed on Friday afternoon, however, after the inclusion of $149bn of tax breaks and strict rules for participating banks.

But Wall Street analysts, believe the addition of so many terms to the bill might deter potential participants.

Oct 05 07:50

Arizonans recall run-ins with McCain

Frustrated that a massive telescope project he backed had hit a snag in 1989, Sen. John McCain lashed out at a U.S. Forest Service supervisor, threatening his job if he failed to help get approval for the project.

McCain over the years denied making the menacing comment, but newly surfaced government documents indicate that his anger boiled over to the point where he did.

The incident with the forest official wasn't the first or last time McCain became irate at someone he felt stood in his way.

Oct 05 07:49

Bail Out the Homeowners! Why Paulson's Plan is a Fraud


Is the Paulson bailout itself as big a fraud as the leveraged subprime mortgages?

Yesterday, here on CounterPunch, I discussed the bailout as proposed and noted that the proposal cannot succeed if it impairs the US Treasury’s credit standing and/or the combination of mark-to-market and short-selling permits short-sellers to prosper by driving more financial institutions into bankruptcy.

A reader’s comment and an article by Yale professors Jonathan Kopell and William Goetzmann raise precisely this question of the fraudulence of the Paulson package.

Oct 05 07:43

Israel will hit Iran nuke sites, France's Kouchner warns

Visiting French Foreign Minister Bernard Kouchner warned that Israel would strike archfoe Iran before it was able to develop nuclear weapons, in comments published on Sunday.

"I honestly don't believe (a nuclear weapon) will give any immunity to Iran," Kouchner said in an interview conducted in English with Israel's Haaretz newspaper during a two-day visit to the region.

"First, because you will hit them before. And this is the danger. Israel has always said it will not wait for the bomb to be ready. I think that (the Iranians) know. Everyone knows."

Oct 05 07:38

UK commander issues Afghan warning

A decisive military victory in Afghanistan is impossible and the Taliban may have to be part of a long-term solution for the country, a senior British commander in Afghanistan has said.

"We're not going to win this war," Brigadier Mark Carleton-Smith was quoted as saying in a British newspaper, published on Sunday.

He also reportedly said a deal with the Taliban might be on the table.

Oct 05 07:36

Iraq to Give 82% of Proven Oil Reserves to International Oil Companies

Oil companies to benefit from war? Say it ain't so.

Oct 05 07:32

5 Retarded Get-Rick Quick Scams (People Still Fall For)

Want to get rich, but don't have the time or energy to start a business? Or get a job at one? Don't worry! In the era of the internet, any old dumbass can log on and make piles of cash with no effort or skill!

That or all of the following programs are complete bullshit.

Oct 05 07:25

Hollywood Illegally Demands Money From Kindergartens

A company collecting royalties on behalf of Hollywood studios has illegally demanded payments from kindergartens in Ireland. The MPLC requested 10 Euros ($14.00) per child per annum, so that they can watch DVDs legally. However, by doing so they breached the 2000 Copyright Act since MPLC failed to register with the Patent Office.

Oct 05 06:51

Next: The Mother Of All Bank Runs?

It's plain that the current financial crisis is worsening in spite of--or perhaps because of--the Treasury rescue plan.

Oct 05 04:50

Superholographic Model Of The Universe

Superholographic Model of the Universe Bridges the Worlds of Quantum
Physics, the Electric Universe Model, ESP, and Religion. It is the 'Theory of All'.
The Earl of Stirling

Oct 05 02:50

'Free enterprise for the poor, socialism for the rich': Vidal's claim gains leverage

WORLD VIEW: Growing social inequality in the US puts the economy back at the centre of the presidential campaign, writes Paul Gillespie

IN THE 1980s Gore Vidal observed of Reagonomics: "The US government prefers that public money go not to the people but to big business. The result is a unique society in which we have free enterprise for the poor and socialism for the rich."

Oct 04 21:52

Bees disaster threatens the honey harvest

There's no doubt Einstein was a clever chap. He had relativity covered, he was all over Brownian motion and the physics doyen picked up the Nobel Peace Prize for his paper on the law of the photoelectric effect.

But it is one of his lesser-known musings that has propelled Einstein to the centre of internet discussion boards more than 50 years after his death.

He predicted that if honey-bees were to become extinct, human society would follow in four years. And lo and behold, the world’s bee population seems to be dying and no-one really knows why.

Oct 04 21:28

Russian prosecutors accuse Georgia of plotting car blast in South Ossetia

Georgian special services were involved in Friday's car explosion in its breakaway region of South Ossetia, a spokesman for Russia's top investigation body said Saturday.

"The team of investigators conducting a preliminary probe has every reason to suspect that the Tskhinvali explosion was triggered by Georgian special forces to destabilize the situation in the independent republic," Vladimir Markin, spokesman for the Investigation Committee of the Russian Prosecutor General's Office, was quoted as saying by the RIA Novosti news agency.

Oct 04 21:23

Turkey vows to crush PKK rebels after 15 soldiers killed

Turkey on Saturday vowed to crush the outlawed Kurdish Workers' Party (PKK) after 15 soldiers of the security forces were killed by PKK in an attack near the Turkey-Iraq border on Friday afternoon.

Oct 04 19:44

Asteroid blast may have thwarted life on Mars

A giant asteroid could have destroyed Mars’s chances of evolving into an Earth-like blue planet by punching a hole in its crust so large that it damaged the red planet’s magnetic field, scientists have found.

Earth’s magnetic field, generated by molten iron moving in its core, deflects radiation that would otherwise blast its atmosphere into space.

Oct 04 19:02

Europe shivers as credit freeze hits Iceland

Central bankers and officials in Iceland are locked in economic bailout talks this weekend, as Gordon Brown attempts to convince European leaders to back a £12bn fund for small businesses across the Continent.

Oct 04 18:04

Hockey Mom on Thin Ice

Obama picked a vice president more likely to help him govern the country than win the chance to do so.

As for McCain, he found himself in a political hole and threw the dice with Palin. At the time of her selection, voters were often compared with "American Idol" watchers who put personality and stage presence above everything else. But it turns out that Americans take the presidency very seriously. And surviving 90 minutes on a stage with Biden did not transform Palin into a plausible president.

Oct 04 18:00

[Video] McCain: “Vets, We Got Each Others Backs…”

House Representative Chet Edwards takes on the difference between the McCain verteran mystique and his actual action on behalf of veterans.

Oct 04 17:49

McCain's Tax Returns Hide Gambling

I think we are looking at tax returns calculated to hide an aspect of the candidate. My 35 years of experience in taxes tells me these tax returns are wrong, and we do not know the true scope of McCain's gambling or of his potential obligations to gambling enterprises.

Oct 04 17:41

Hypo Real fights for life after rescue collapses

Property lender Hypo Real Estate (HRE) (HRXG.DE: Quote, Profile, Research, Stock Buzz) fought for its life on Saturday after German banks and insurers pulled out of a state-led 35 billion euro ($48.5 billion) rescue program stitched together only days ago.

The news is a fresh blow for the global financial system struggling to master an unprecedented crisis of confidence and poses a political challenge for the Berlin government, which has been fighting efforts to arrange a pan-European bank bailout.

Oct 04 17:34

[Video] Bush is asked what the US's Iran strategy is. His answer? "They're a**holes."

Bob Woodward on Bush's Iran strategy.

Oct 04 16:40

If You Thought Cheney Was Scary…

…you ain’t seen Sarah Palin. In an interview this morning with Fox News Palin actually took Dick Cheney’s interpretation of the powers of the Vice-President (that the Vice-President is part of, and can influence, both the legislative and executive branch) even further. Palin believes that she should also be able to influence the judicial.

See also:

Oct 04 16:32

[Video] VP Debate: Alaska Bear Tooth Focus Group

On October 2, 2008, the Vice Presidential Debate was shown at the Bear Tooth Theater Pub in Anchorage Alaska. Here is the audience reaction from this Alaskan focus group.

Oct 04 16:26

Palin’s Alternate Universe

Sarah Palin is the perfect exclamation point to the Bush years.

We’ve lived through nearly two terms of an administration that believed it could create its own reality:

“Deficits don’t matter.” “Brownie, you’re doing a heckuva job.” “Those weapons of mass destruction must be somewhere.”

Now comes Ms. Palin, a smiling, bubbly vice-presidential candidate who travels in an alternate language universe. For Ms. Palin, such things as context, syntax and the proximity of answers to questions have no meaning.

Oct 04 16:24

George W. Bush’s Legacy: A $10 Trillion National Debt

By the time he leaves office, George W. Bush will have increased the national debt more than any other President in American history:

With no fanfare and little notice, the national debt has grown by more than $4 trillion during George W. Bush’s presidency.

It’s the biggest increase under any president in U.S history.