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Member Submitted News

Oct 12 17:00

The Woman Who Could Have Prevented This Financial Mess Was Silenced by Greenspan, Rubin and Summers

"Break the Glass" was the code-name high-level Treasury Department figures gave the $700 billion bailout; it was to be used only as a last-resort measure.

Now millions have been sprayed and damaged by broken glass.

Oct 12 16:57

The last 8 years encapsulated

Here’s what Sarah Palin said today on a conference call with Alaskan reporters about the Troopergate report; her lying is so brazen that it’s nothing short of despicable (first ellipses in original):

Palin: Let me talk a little bit about the Tasergate issue if you guys would let me and, Meg, you want me to just jump right on in there?

Stapleton: Sure governor, go ahead.

Palin: OK cool.

Oct 12 16:23

NY election mix-up: 'Osama' on the ballot

Oct 12 16:21

UK DNA Database Reaches 4.8 million, grows by 660,000 every year

More details about the growing tendency of the UK government to log, track and catalog its citizens have been provided by the National Policing Improvement Agency in its first annual report.

According to the NPIA and the Telegraph, the police took nearly 1 million samples in since March 2007, that amounts to nearly 28,000 per month, a substantial amount of whom have yet to commit any crime (although some have voluntarily given their DNA sample in a police inquiry).

Oct 12 16:19

Urgent talks to avert rise in council tax

Town hall and charity leaders will meet Treasury ministers this week to thrash out emergency measures to stave off council tax rises, missed wage payments and service cuts as a result of the Icelandic banks crisis.

Oct 12 16:14

'New Lloyds TSB Deal Negotiated'

Lloyds TSB's original takeover of HBOS has collapsed and now the terms of a new deal are being negotiated, Sky News has learned.

Lloyds had initially agreed to pay £9.8bn for its rival but there were fears it was paying too much because HBOS shares have plunged.

Oct 12 16:10

UK govt set to rescue RBS, HBOS

The UK government will on Monday launch the biggest rescue of Britain's high-street banks when the UK's four biggest institutions ask for a £35 billion financial lifeline. The unprecedented move will make the government the biggest shareholder in at least two banks.

The Royal Bank of Scotland (RBS), which has seen its market value fall to under £12 billion, is to ask the government to underwrite a £15 billion cash call. HBOS, which is UK's biggest provider of mortgages, is requesting up to £10 billion.

Oct 12 14:34

The David Icke Newsletter

Hello all ...

Well, well, well. What a couple of weeks. It is a strange and surreal feeling to watch your books of nearly two decades unfold before you on the TV screen and I can confirm that it gives you no satisfaction at all.

'I told you so' is far less the reaction than 'What are we going to do about it?'

although ickes is somekind of nut.. he deserves to be heard

Oct 12 13:50

Possible Motive? HAIDER APPEARED ON AUSTRIAN TV 2 WEEKS AGO ADVOCATING ABOLISHMENT OF BANKING MAFIA

From George Ure's UrbanSurvival.com:

A sharp-eyed reader in Germany is piecing it together this way:

"Hi George,

Cliff's accuracy is amazing! Not only did he predict correctly the current financial crash, but also his prediction of the three unwanted guests is on the spot - at least for one "guest".

He spoke of "an ['accident' (real or claimed)] which causes a [derailing]. This last may be in the political realm."

Oct 12 13:06

Blanchett says cut 'embarrassing' US ties

CATE Blanchett wants the winner of next month's federal election to free Australia from its "embarrassing" relationship with the US.

“We're so in America's back pocket it's embarrassing.

Oct 12 09:55

Bipartisan Concern About the Dangers of McPalin’s Hate-Mongering

Republican Frank Schaeffer:

John McCain: If your campaign does not stop equating Sen. Barack Obama with terrorism, questioning his patriotism and portraying Mr. Obama as "not one of us," I accuse you of deliberately feeding the most unhinged elements of our society the red meat of hate, and therefore of potentially instigating violence.

[snip]

Stop! Think! Your rallies are beginning to look, sound, feel and smell like lynch mobs.

Oct 12 09:47

Misunderstanding the Causes of the Great Depression

The New Deal represented the most comprehensive "war on depression" ever waged by the US government. And, just like the War on Drugs and the War on Terror(ism), the war on depression waged by FDR gave us the worst depression in US history.

Oct 12 08:40

McCain cranks out some false and misleading attacks on Obama's connection to a 1960s radical

Conclusion

Voters may differ in how they see Ayers, or how they see Obama's interactions with him. We're making no judgment calls on those matters. What we object to are the McCain-Palin campaign's attempts to sway voters – in ads and on the stump – with false and misleading statements about the relationship, which was never very close. Obama never "lied" about this, just as he never bragged about it. The foundation they both worked with was hardly "radical." And Ayers is more than a former "terrorist," he's also a well-known figure in the field of education.

Oct 12 08:17

McCain Palin behaviors are un-American and shameful

It has become very clear that the mood this election year has transcended the frustrated voter into the angry voter, but many are outraged at what they see as an all new low from a North Carolina parking lot owner. The parking lot owner decided that any cars with Barack Obama stickers are no longer welcome to park in his lot.

Although in an interview the parking lot owner states he was just "trying to make light" of the election year, he also made it very clear that Obama supporters are not welcome, and he has no intention of taking down the sign until after the election in November.

Oct 12 08:11

McCain's Not Very Big Guns

In a post entitled "The Booming of the Big Guns," Peter Robinson boasts that the McCain campaign has gotten "100 economists" to sign a statement warning of the grave effects of Barack Obama's economic program.

Oct 12 08:09

Brown lawn means jail time

On Friday morning, Joseph Prudente put on a pair of shorts and his "Grandpa Gone Wild" T-shirt. He took off his wedding band and put his heart medication in a plastic Wal-Mart bag.

Then his daughter drove him to jail. Grandpa had time to do.

His crime? He had disobeyed a court order that he sod the lawn at his Beacon Woods home.

His bail? Zero.

Prudente, 66, must stay in the Pasco County jail in Land O'Lakes until the required sod work is completed, under a September court order signed by Circuit Judge W. Lowell Bray.

Oct 12 04:44

The Quadrillion Dollar Powder Keg Waiting To Blow

The heart of the current crisis is the quadrillion plus derivative market. Roughly half of these derivatives are listed on exchanges, but the other half are on the totally unregulated, totally opaque, poorly documented and mostly naked (no reserves or collateral given to secure performance) OTC derivatives market.

Oct 12 03:02

Shut Down The Derivatives Markets To Save Civilization

"It is time to break the silence on derivatives," Lyndon LaRouche said yesterday, after observing the carnage in the financial system and the pathetic response from the so-called regulators. "The true, hyperinflationary factor in the situation is the unregulated, insanely leveraged derivatives trade. This is what is killing us. This is the great crime of Alan Greenspan."

Oct 12 02:07

Who Got Nailed on Lehman's Credit Default Swaps?

We know that issuers of Lehman's credit default swaps will have to pay out hundreds of billions of dollars. But who will actually have to pay that out?

The Times of London writes today:

Oct 12 01:55

Postponing the election: It's a joke, or is it?

Thank heavens for the Internet; it's put the surprise back in October Surprise.
Discuss
COMMENTS (24)

Here is the latest big-picture conspiracy theory, which has been gathering strength on the blogosphere the way a hurricane feeds on Caribbean waters: It is widely believed, both online and, increasingly, offline, that the Bush administration intends to declare martial law and postpone next month's elections. To prevent Barack Obama's inevitable ascension to the Oval Office, obviously.

Oct 12 01:15

Companies Hit Hardest By Credit Crisis

October 02, 2008

Companies Hit Hardest By Credit Crisis (AAPL)(SIRI)(CC)(DIS)(WMT)(MCD)

Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald's (MCD), and Wal-Mart (WMT) may be safe. They either sell things people can't do without or offer inexpensive goods and services that consumers can afford during a tough period.

Oct 12 00:32

The Quadrillion Dollar Powder Keg Waiting To Blow

By Bob Chapman
TheInternationalForecaster.com
10-12-8

Derivatives at the heart of the crisis, catastrophic losses are inevitable, financial system headed for oblivion, the new world disorder, EU doomed, Credit Default Swaps at the heart of the problem, Plunge Protection Team history, coverups for globalization failures, Bloodbath for the Yen...

Oct 11 22:19

RIAA v. The People: Five Years Later

On September 8, 2003, the recording industry sued 261 American music fans for sharing songs on peer-to-peer (P2P) file sharing networks, kicking off an unprecedented legal campaign against the people that should be the recording industry’s best customers: music fans.1 Five years later, the recording industry has filed, settled, or threatened legal actions against at least 30,000 individuals.2 These individuals have included children, grandparents, unemployed single mothers, college professors—a random selection from the millions of Americans who have used P2P networks.

Oct 11 22:11

Pictured: Our Milky Way like you've never seen it before

It looks like a lunar landscape but this remarkable photograph actually shows our Milky Way and the planet Jupiter in all their glory - viewed from a cave in America's Utah desert.

The spiral galaxy, which cannot be seen with the naked eye, was captured by photographer Wally Pacholka using a 35mm camera and 50mm lens on a tripod with a 30-second exposure - long enough to collect the light but not to see the stars moving.

Oct 11 20:48

Carbon tax seen as best way to slow global warming

Climate taxes, not cap and trade markets alone, will lead to the vast technological changes the world's energy system needs to fight global warming, a top U.S. economist said on Thursday.

Cap and trade has emerged as the dominant attempt to slow global warming. Global deals in permits to emit greenhouse gas emissions have hit nearly $65 billion a year. The European Union, under the Kyoto Protocol, has embraced cap and trade since 2005 and voluntary markets have developed in the United States, the developed world's top carbon polluter.

Oct 11 19:34

When stocks plummet and your house value slides, what happens to the money you used to have?

If you're looking to track down your missing money - figure out who has it now, maybe ask to have it back - you might be disappointed to learn that is was never really money in the first place.

Oct 11 18:11

Orwellian U.K. Angers People With Tree Cameras, Snooping Kids

Hidden in foliage next to a path in the southeast England seaside town of Hastings are digital cameras. Their target: litterbugs and dog walkers.

The electronic eyes feed images to a monitoring unit, where they're scanned and stored as evidence to prosecute people who discard garbage or fail to clean up after pets, a spokeswoman for the town council said.

``It's becoming a bit Big Brother-like,'' said Sandra Roberts, 50, a Hastings kiosk manager, invoking George Orwell's 1949 book ``Nineteen Eighty-Four,'' about a Britain where authorities pry into all aspects of citizens' lives.

Oct 11 18:02

Republicans Flee Party: Major Republicans Endorse Barack Obama

As the campaign counts down to election day, various Republican officials have endorsed Barack Obama for President. I don’t believe any have ever publicly supported a Democrat in a national election before this.

As the McCain Doubletalk Express rolls rapidly on to its impending implosion, I expect many more to join these pioneers.

Oct 11 17:50

McCain Campaign Calls TrooperGate Partisan. They’re Wrong.

So McCain thinks this inquiry was run by Obama supporters?

Well…let’s look at the record…

The legislative committee that approved this report is composed of 8 Republicans and 4 Democrats. That’s not just a bi-partisan inquiry, that’s HIGHLY skewed towards a conservative point of view.

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