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Member Submitted News

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.

Sep 25 06:36

Night of the Living Debt

Close your eyes and picture your children, grandchildren and great-grandchildren, all alone and scared, in an old, abandoned graveyard. The moon disappears behind one of the gathering storm clouds. Lurching forms begin to emerge from behind tilting gravestones.

A hand emerges from the earth and clutches at one of your children. They all begin screaming and dashing about, desperately seeking safety that does not exist.

Sep 24 21:03

China Shuns Paulson's Free Market Push as Meltdown Burns U.S.

Eighteen months ago, U.S. Treasury Secretary Henry Paulson told an audience at the Shanghai Futures Exchange that China risked trillions of dollars in lost economic potential unless it freed up its capital markets.

``An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention,'' Paulson said.

Sep 24 20:10

Ron Paul on Fox Business News 9/24/08

Ron Paul gives his take on the bailout to rescue the collapsing global financial markets.

Sep 24 20:06

The Menace of Al Gore

Do not kid yourselves. There will be a time in this country when to deny the Al Gore version of global warming will be a crime akin to denying the Holocaust in Austria or Germany.

Sep 24 20:03

Republican versus Democrat

"By the way I no longer allow people to talk about Republican versus Democrat to me. I just tell them they are both interventionists and I am a non-interventionist, in markets, in foreign policy, in your bedroom, etc.

Sep 24 19:59

Let Paulson and Bernanke Buy Some of This Crap

The Treasury Secretary Paulson and Fed Chairman Bernanke bailout plan calls for $700 billion in taxpayer funds to be used to purchase assets that will in all likelihood be worth considerably less in the future. As for the contention that the assets to be purchased could be worth more in the future than prices paid today, if there was any validity to this speculation the bailout plan in question would not be required as the assets in question would have already found a buyer.

Sep 24 19:55

Ron Paul’s Joint Economic Committee Statement

The housing bubble has burst, unemployment is on the rise, and the dollar weakens every day. Unfortunately our leaders have failed to learn from the mistakes of previous generations and continue to lead us down the road toward economic ruin.

Sep 24 19:53

Budget Bill Includes $25 Billion for Automakers

The latest budget bill from the U.S. Senate allegedly came together under a veil of secrecy and will be sent to the president to be signed.

A budget bill needs to pass before an Oct. 1 deadline, and the majority of the bill includes major funding for the Pentagon ($488 billion) Homeland Security ($40 billion) and veterans and military ($73 billion).

Sep 24 19:49

Court orders release of Pentagon prisoner abuse pics

A federal appeals court on Monday ordered the Bush administration to hand over photos depicting abuse of prisoners held by the US military in Iraq and Afghanistan, handing the American Civil Liberties Union a victory in an ongoing public records lawsuit filed against the Pentagon.

Sep 24 19:29

McCain Camp: Let's Push Back Biden-Palin Match-Up, Too

The McCain campaign told ABC News on Wednesday that John McCain wants to postpone Friday's presidential debate until Thursday, Oct. 2.

The Arizona senator would like the vice presidential debate between Sarah Palin and Joe Biden, which is currently scheduled to take place on Thursday, Oct. 2 in St. Louis, Missouri, to be scheduled for a later unspecified date.

"Hows about 2020?"

Sep 24 19:10

As McCain suspends campaigning, aide accidentally e-mails bailout talking points to media

As of Tuesday afternoon, McCain hadn't read the Wall St. bailout proposal now being reviewed by Congress. "I have not had a chance to see it in writing," he told WKYC's Tom Beres. "I have to examine it."

Sep 24 18:48

[Video] CBS Sarah Palin interview

COURIC: But he's been in Congress for 26 years. He's been chairman of the powerful Commerce Committee. And he has almost always sided with less regulation, not more.

PALIN: He's also known as the maverick though. Taking shots from his own party, and certainly taking shots from the other party. Trying to get people to understand what he's been talking about--the need to reform government.

COURIC: I'm just going to ask you one more time, not to belabor the point. Specific examples in his 26 years of pushing for more regulation?

Sep 24 18:34

Putin Gives Up on Bush, Complicating Iran, North Korea Efforts

Russia is intent on mending ties with the U.S. once President George W. Bush leaves the office on Jan. 20, prompting unprecedented interest in this year's presidential campaign, its UN ambassador said in an interview.

Sep 24 18:17

Sun's Power Hits New Low, May Endanger Earth?

The Ulysses space probe has detected fewer sunspots, decreased solar winds, and a weakening magnetic field—the lowest solar activity observed in 50 years, NASA scientists said yesterday.

Sep 24 17:26

John McCain gets made up, 'American Idol'-style

John McCain wants to be your American idol. And he is prepared to look the part.

The Republican presidential nominee got a touch-up from an "American Idol" makeup artist before a recent TV appearance, US Weekly magazine reports.

Makeup artist Tifanie White was paid $5,583.43 to make McCain, 72, look spiffy for the small screen, according to the Federal Election Commission.

Sep 24 16:08

[Video] Rep. McDermott "Paulson can throw a pass to himself"

Democratic representative from Washington state, Jim McDermott, nails it.

Sep 24 13:05

What Would You Do If You Saw Your Nation Going Fascist?

Okay, so you call yourself a patriot. But what exactly do you mean by that?

Do you mean the patriotism that says "My country, right or wrong?" Or do you mean the patriotism that says "Might Makes Right?" Or the patriotism that Samuel Johnson defined as "the last refuge of the scoundrel?"

Do you mean the patriotism of the 16th-century Protestant reformers who believed that every leader of every nation, no matter how evil, was ordained by God to rule and therefore Christian citizens were to be unconditionally obedient to those leaders?

Sep 24 12:55

The American Empire: Too Big to Fail? By Justin Raimondo

After the fall of the Soviet Union, the U.S. bestrode the earth like a colossus, America's stock was rising, and the pride that goeth before a fall imbued our leaders with the illusion that they couldn't fail. The American empire, they thought, is too big to fail. It's the end of history – and the rest will just be a mopping-up operation, that will be well worth the costs.

Sep 24 11:33

Message From Ron Paul on the Bailout

Dear Friends,

Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.

The events of the past week are no exception.

Sep 24 10:36

Man Passes Gas, Charged with Battery on Officer

Sep 24 10:12

Has Deregulation Sired Fascism? by Paul Craig Roberts

A less appreciated feature of Paulson's bailout plan is his demand for freedom from accountability. Congress balked at Paulson's demand that the executive branch's conduct of the bailout be non-reviewable by Congress or the courts: "Decisions by the secretary pursuant to the authority of this act are non-reviewable and committed to agency discretion." But Congress substituted for its own authority a "board" that possibly will consist of the bailed-out parties, by which I mean Republican and Democratic constituencies.

Sep 24 09:32

Economic Woes Edge Obama Over McCain

No Candidate With More Than 50% Support in Sept. Has Lost Presidential Race Since '48

The same type of statistic didn't stop Bush's reelection in 2004