Headline News
Why Germany Wants to See its US Gold
posted 11/2/12
For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the gold should be shipped home. Read more...
posted 11/2/12
For decades, almost half of Germany's gold has been stored deep below the Federal Reserve Bank of New York. Now, with the euro crisis swirling, German politicians are asking their central bankers to take stock of the reserves. Some even say that the gold should be shipped home. Read more...
Long-Term Unemployment Rises in October to 40.6%
posted 11/2/12
(CNSNews.com) - The long-term unemployment rate rose to 40.6 percent in October, up from September’s level of 40.1 percent of the total unemployed, according to a report from the Bureau of Labor Statistics Friday. Long-term unemployment is unemployment lasting for 27 consecutive weeks or longer, according to BLS. Read more...
posted 11/2/12
(CNSNews.com) - The long-term unemployment rate rose to 40.6 percent in October, up from September’s level of 40.1 percent of the total unemployed, according to a report from the Bureau of Labor Statistics Friday. Long-term unemployment is unemployment lasting for 27 consecutive weeks or longer, according to BLS. Read more...
Combat Cops Evict Homeowner in Colorado
posted 11/2/12
Militarized cops in full combat gear were called to evict a woman from her house in Idaho Springs, Colorado, on October 30. “The homeowner facing eviction was apparently underwater on her mortgage with US Bank. She says she told the bank that all she was asking was for another 30 days in the home before an eviction. She needed an extra month in order to find another place to live, she said,” the PrivacySOS blog reported on October 31. Read more...
posted 11/2/12
Militarized cops in full combat gear were called to evict a woman from her house in Idaho Springs, Colorado, on October 30. “The homeowner facing eviction was apparently underwater on her mortgage with US Bank. She says she told the bank that all she was asking was for another 30 days in the home before an eviction. She needed an extra month in order to find another place to live, she said,” the PrivacySOS blog reported on October 31. Read more...
It Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings
posted 11/2/12
NOTE: While we consider ZeroHedge to be a reputable source it is important for us to mention that at this time we have not been able to source this story in any other news outlet, including Ecuadorian news outlets. From ZeroHedge It appears that the story, which has refused to go away, was not covered sufficiently fast, and precisely the worst case scenario – at least for the “asset-lite” status quo – is slowly but surely starting to materialize. From Bloomberg: Read more...
posted 11/2/12
NOTE: While we consider ZeroHedge to be a reputable source it is important for us to mention that at this time we have not been able to source this story in any other news outlet, including Ecuadorian news outlets. From ZeroHedge It appears that the story, which has refused to go away, was not covered sufficiently fast, and precisely the worst case scenario – at least for the “asset-lite” status quo – is slowly but surely starting to materialize. From Bloomberg: Read more...
Food Stamp Growth 75X Greater than Job Creation
posted 11/2/12
With the latest jobs report, it is now the case that "Under Obama, Food Stamp Growth [Is] 75 Times Greater Than Job Creation," according to statistics compiled by the Republican side of the Senate Budget Committee. "For Every Person Added to Jobs Rolls Since January 2009, 75 People Added To Food Stamp Rolls." Here's a chart detailing the growth: Read more...
posted 11/2/12
With the latest jobs report, it is now the case that "Under Obama, Food Stamp Growth [Is] 75 Times Greater Than Job Creation," according to statistics compiled by the Republican side of the Senate Budget Committee. "For Every Person Added to Jobs Rolls Since January 2009, 75 People Added To Food Stamp Rolls." Here's a chart detailing the growth: Read more...
Sandy-Starved New Yorkers Dumpster Dive
posted 11/2/12
East Side and East Village residents began Dumpster diving outside a Key Food supermarket, looking for whatever food they can take. NBC 4 New York's Jonathan Vigliotti reports. See viewer photos of Sandy's destruction across the tri-state area. Read more...
posted 11/2/12
East Side and East Village residents began Dumpster diving outside a Key Food supermarket, looking for whatever food they can take. NBC 4 New York's Jonathan Vigliotti reports. See viewer photos of Sandy's destruction across the tri-state area. Read more...
NJ to Use Military Trucks as Polling Places in Storm-Battered Areas, Extends Mail-In Voting
posted 11/2/12
New Jersey will deploy military trucks to serve as polling places on Election Day in storm-battered communities, the state secretary of the state announced Thursday during a visit to this flood-ravaged town. The state is also extending the deadline on mail-in ballots. Department of Defense trucks will be parked at regular polling places that have lost power, as long as the sites are still accessible. Paper ballots will be used. Read more...
posted 11/2/12
New Jersey will deploy military trucks to serve as polling places on Election Day in storm-battered communities, the state secretary of the state announced Thursday during a visit to this flood-ravaged town. The state is also extending the deadline on mail-in ballots. Department of Defense trucks will be parked at regular polling places that have lost power, as long as the sites are still accessible. Paper ballots will be used. Read more...
October Jobs Report Shows Incomes Continuing to Decline
posted 11/2/12
One of the negative features of the current economic recovery has been declining incomes of average Americans. This trend continued in October. The Labor Department reported Friday that despite 171,000 jobs being added to nonfarm payrolls in October, average hourly earnings for such employees edged down by 1 cent to $23.58. Read more...
posted 11/2/12
One of the negative features of the current economic recovery has been declining incomes of average Americans. This trend continued in October. The Labor Department reported Friday that despite 171,000 jobs being added to nonfarm payrolls in October, average hourly earnings for such employees edged down by 1 cent to $23.58. Read more...
Obama Faces Voters With Highest Unemployment Of Any Incumbent Since FDR
posted 11/2/12
COLUMBUS, Ohio (AP) — President Barack Obama and Republican rival Mitt Romney each got something Friday out of the final snapshot of the nation’s economy heading into Election Day, with more job creation and an uptick in unemployment. That data fresh in hand, both candidates were plunging into a hectic pace of campaigning, with Obama eager to fend off Romney in the key battleground of Ohio even as Romney pushed to expand the contest to other states, most notably Pennsylvania, to secure the 270 electoral votes needed to win. Read more...
posted 11/2/12
COLUMBUS, Ohio (AP) — President Barack Obama and Republican rival Mitt Romney each got something Friday out of the final snapshot of the nation’s economy heading into Election Day, with more job creation and an uptick in unemployment. That data fresh in hand, both candidates were plunging into a hectic pace of campaigning, with Obama eager to fend off Romney in the key battleground of Ohio even as Romney pushed to expand the contest to other states, most notably Pennsylvania, to secure the 270 electoral votes needed to win. Read more...
‘Fiscal cliff’ looms
posted 11/2/12
Today’s US unemployment number and nonfarm payrolls could have an important impact on next Tuesday’s presidential poll. Economists are expecting gains of 125,000 in the payroll numbers, but are cautious about the unemployment rate following last month’s unexpectedly large drop from 8.1% to 7.8%: 7.9% is this month’s consensus estimate. Yesterday’s ISM manufacturing numbers came in slightly better than expected, as did the ADP employment report and jobless claims. Rising home prices are also lending some comfort to the bulls (chart courtesy of Business Insider). Read more...
posted 11/2/12
Today’s US unemployment number and nonfarm payrolls could have an important impact on next Tuesday’s presidential poll. Economists are expecting gains of 125,000 in the payroll numbers, but are cautious about the unemployment rate following last month’s unexpectedly large drop from 8.1% to 7.8%: 7.9% is this month’s consensus estimate. Yesterday’s ISM manufacturing numbers came in slightly better than expected, as did the ADP employment report and jobless claims. Rising home prices are also lending some comfort to the bulls (chart courtesy of Business Insider). Read more...
Without Electricity, New Yorkers on Food Stamps Can’t Pay for Food
posted 11/2/12
It’s been more than three days since power went out in many parts of New York City, including the Lower East Side where multi-story public housing complexes like the La Guardia Houses don’t have electricity, heat or water. Many of the residents are also without food. Read more...
posted 11/2/12
It’s been more than three days since power went out in many parts of New York City, including the Lower East Side where multi-story public housing complexes like the La Guardia Houses don’t have electricity, heat or water. Many of the residents are also without food. Read more...
Being taught that the Fed is savior
posted 11/1/12
There’s already talk on Wall Street about the possibility of the Federal Reserve providing further monetary accommodation in response to the damage wrought by Sandy. With the Fed Funds target rate at zero, this could mean larger quantitative easing asset purchases or a focus on buying different financial assets by the Fed. Read more...
posted 11/1/12
There’s already talk on Wall Street about the possibility of the Federal Reserve providing further monetary accommodation in response to the damage wrought by Sandy. With the Fed Funds target rate at zero, this could mean larger quantitative easing asset purchases or a focus on buying different financial assets by the Fed. Read more...
Planned layoffs jump to five-month high in Oct: Challenger
posted 11/1/12
NEW YORK (Reuters) - The number of planned layoffs by firms jumped 41.1 percent in October to the highest level in five months, although the number includes more than 10,000 jobs in U.S.-owned auto plants in Europe, a report said on Thursday. Employers announced 47,724 planned job cuts last month, up from September's 33,816, according to the report from consultants Challenger, Gray & Christmas, Inc. It was the highest level since May. Read more...
posted 11/1/12
NEW YORK (Reuters) - The number of planned layoffs by firms jumped 41.1 percent in October to the highest level in five months, although the number includes more than 10,000 jobs in U.S.-owned auto plants in Europe, a report said on Thursday. Employers announced 47,724 planned job cuts last month, up from September's 33,816, according to the report from consultants Challenger, Gray & Christmas, Inc. It was the highest level since May. Read more...
Privatizing Unemployment: Bank of America’s Sacramento Coup
posted 11/1/12
In a letter dated August 9, California’s Employment Development Department (EDD) announced it was discontinuing the practice of mailing unemployment claim checks to EDD recipients. Instead, the letter explained, the EDD was introducing “electronic benefit payments” that could be tapped via an EDD Debit Card. EDD cited only one argument for the change: “You will no longer be waiting for checks in the mail.” Read more...
posted 11/1/12
In a letter dated August 9, California’s Employment Development Department (EDD) announced it was discontinuing the practice of mailing unemployment claim checks to EDD recipients. Instead, the letter explained, the EDD was introducing “electronic benefit payments” that could be tapped via an EDD Debit Card. EDD cited only one argument for the change: “You will no longer be waiting for checks in the mail.” Read more...
New Yorkers in fuel scramble as storm-hit pumps dry up
posted 11/1/12
NEW YORK (Reuters) - Drivers and homeowners scrambled to secure fuel for their cars and generators in the U.S. Northeast on Wednesday as storm-hit gasoline stations started to run dry. More than half of all gasoline service stations in the New York City area and New Jersey were shut because of depleted fuel supplies and power outages, frustrating attempts to restore normal life, industry officials said. Read more...
posted 11/1/12
NEW YORK (Reuters) - Drivers and homeowners scrambled to secure fuel for their cars and generators in the U.S. Northeast on Wednesday as storm-hit gasoline stations started to run dry. More than half of all gasoline service stations in the New York City area and New Jersey were shut because of depleted fuel supplies and power outages, frustrating attempts to restore normal life, industry officials said. Read more...
Looters target Coney Island after Sandy sweeps through
posted 11/1/12
A wave a looters followed the Sandy storm surge in Coney Island, creating a double-whammy for business owners trying to pick up the obliterated pieces. The thieves started down Mermaid Avenue Tuesday morning as the chest-high water receded, turning the seaside community known for its hotdogs and tourist attractions into a lawless free-for-all. Read more...
posted 11/1/12
A wave a looters followed the Sandy storm surge in Coney Island, creating a double-whammy for business owners trying to pick up the obliterated pieces. The thieves started down Mermaid Avenue Tuesday morning as the chest-high water receded, turning the seaside community known for its hotdogs and tourist attractions into a lawless free-for-all. Read more...
Gold price to rally regardless of who is elected President
posted 11/1/12
Gold is likely to go much higher in the course of the 45th President's four year term – whether there is a President Obama or a President Romney, according to analytics firm GoldCore. In its latest newsletter, GoldCore said that the US fiscal cliff, involving steep government spending cuts and tax hikes due in January, is likely to "support gold at these levels and lead to higher gold prices in the coming weeks". Read more...
posted 11/1/12
Gold is likely to go much higher in the course of the 45th President's four year term – whether there is a President Obama or a President Romney, according to analytics firm GoldCore. In its latest newsletter, GoldCore said that the US fiscal cliff, involving steep government spending cuts and tax hikes due in January, is likely to "support gold at these levels and lead to higher gold prices in the coming weeks". Read more...
Troopers Deployed To N.J. Gas Stations As Frustration, Massive Lines Form At The Pump
posted 11/1/12
SECAUCUS, N.J. (CBSNewYork/AP) – With the traffic nightmare causing frustration for Tri-State area drivers Thursday morning, the lines at the gas pump aren’t making the commute any easier. Filling up the tank has been a nightmare for area drivers since the storm hit. Overnight and into Thursday morning, drivers looking for fuel were met with incredibly long lines at the gas pump. Read more...
posted 11/1/12
SECAUCUS, N.J. (CBSNewYork/AP) – With the traffic nightmare causing frustration for Tri-State area drivers Thursday morning, the lines at the gas pump aren’t making the commute any easier. Filling up the tank has been a nightmare for area drivers since the storm hit. Overnight and into Thursday morning, drivers looking for fuel were met with incredibly long lines at the gas pump. Read more...
Lindsey Williams Issues a Dire WARNING : There is Something Very Drastic in The Works
posted 11/1/12
Pastor Lindsey Williams on Radio Liberty 25th October issues a dire Warning ,: "I need to issue a warning , because there is something very drastic in the works " he told Dr Stan Monteith Read more...
posted 11/1/12
Pastor Lindsey Williams on Radio Liberty 25th October issues a dire Warning ,: "I need to issue a warning , because there is something very drastic in the works " he told Dr Stan Monteith Read more...
East Coast starts to recover after Sandy leaves death, destruction in wake, 6.5M still without power
posted 10/31/12
Twenty-four hours after millions on the East Coast awoke to their first glimpse of the devastation from monster storm Sandy, they now are left to ask: What do I do now? Residents of the areas pummeled by Sandy began to look towards rebuilding efforts Wednesday, though many remain without power, neighborhoods remain strewn with debris and many transportation systems remain closed. At least 59 people have been reported dead as a result of the storm, which one economic firm predicted caused up $20 billion in damage. Read more...
posted 10/31/12
Twenty-four hours after millions on the East Coast awoke to their first glimpse of the devastation from monster storm Sandy, they now are left to ask: What do I do now? Residents of the areas pummeled by Sandy began to look towards rebuilding efforts Wednesday, though many remain without power, neighborhoods remain strewn with debris and many transportation systems remain closed. At least 59 people have been reported dead as a result of the storm, which one economic firm predicted caused up $20 billion in damage. Read more...
US-Backed Regime in Bahrain Bans All Protests
posted 10/31/12
The US-backed dictatorship in Bahrain has banned all rallies and protests in the country, the latest repressive measure imposed on the population in response to persistent pro-democracy protests that have not let up for almost two years now. Lt. Gen. Shaikh Rashid bin Abdullah Al Khalifa, Bahrain’s interior minister, issued a statement on Monday essentially announcing that freedom of expression in Bahrain is a threat to the state and inserting lies about the pro-reform movement’s ties with “extremism.” Read more...
posted 10/31/12
The US-backed dictatorship in Bahrain has banned all rallies and protests in the country, the latest repressive measure imposed on the population in response to persistent pro-democracy protests that have not let up for almost two years now. Lt. Gen. Shaikh Rashid bin Abdullah Al Khalifa, Bahrain’s interior minister, issued a statement on Monday essentially announcing that freedom of expression in Bahrain is a threat to the state and inserting lies about the pro-reform movement’s ties with “extremism.” Read more...
Netanyahu: A War on Iran Would Be Good for Arabs
posted 10/31/12
Israeli Prime Minister Benjamin Netanyahu on Tuesday tried to convince Arab states that an Israeli military strike on Iran would benefit their interests and that “a feeling of relief would spread across the region” immediately following an attack. After failing to pressure the Obama administration to back a preventive Israeli strike on Iran before the US presidential elections, Netanyahu has continued to make veiled threats of war catered for different audiences. Read more...
posted 10/31/12
Israeli Prime Minister Benjamin Netanyahu on Tuesday tried to convince Arab states that an Israeli military strike on Iran would benefit their interests and that “a feeling of relief would spread across the region” immediately following an attack. After failing to pressure the Obama administration to back a preventive Israeli strike on Iran before the US presidential elections, Netanyahu has continued to make veiled threats of war catered for different audiences. Read more...
Keynesian Economics Professor Tells Hurricane Victims “It’s Good For The Economy”
posted 10/31/12
In the midst of a storm that has the whole east coast torn apart, a mainstream economics professor and Columnist took the opportunity to provide the world with a perfect example of “the broken window fallacy”. In his new article “The Economic Impact of Hurricane Sandy … Not All Bad News“, Professor Peter Morici puts forward the idea that the clean up following Hurricane Sandy will stimulate economic growth, and thus be good for the economy. Read more...
posted 10/31/12
In the midst of a storm that has the whole east coast torn apart, a mainstream economics professor and Columnist took the opportunity to provide the world with a perfect example of “the broken window fallacy”. In his new article “The Economic Impact of Hurricane Sandy … Not All Bad News“, Professor Peter Morici puts forward the idea that the clean up following Hurricane Sandy will stimulate economic growth, and thus be good for the economy. Read more...
FEMA preparing for Hurricane Sandy to disrupt elections
posted 10/31/12
The Federal Emergency Management Agency is preparing for Hurricane Sandy to disrupt next week's elections, agency Administrator Craig Fugate said Monday afternoon. "We are anticipating that, based on the storm, there could be impacts that would linger into next week and have impacts on the federal election," Fugate said on a conference call with reporters. Read more...
posted 10/31/12
The Federal Emergency Management Agency is preparing for Hurricane Sandy to disrupt next week's elections, agency Administrator Craig Fugate said Monday afternoon. "We are anticipating that, based on the storm, there could be impacts that would linger into next week and have impacts on the federal election," Fugate said on a conference call with reporters. Read more...
Storm Disrupting Work for Millions May Slow US Economic Growth
posted 10/31/12
Atlantic superstorm Sandy may cut U.S. economic growth as it keeps millions of employees away from work and shuts businesses from restaurants to refineries in one of the nation’s most populated and productive regions. The storm may cut output in the world’s largest economy by $25 billion in the fourth quarter, according to Gregory Daco, a U.S. economist at IHS Global Insight. He said that could reduce the fourth quarter pace of growth to between 1 percent and 1.5 percent, from the firm’s earlier estimate of 1.6 percent. Read more...
posted 10/31/12
Atlantic superstorm Sandy may cut U.S. economic growth as it keeps millions of employees away from work and shuts businesses from restaurants to refineries in one of the nation’s most populated and productive regions. The storm may cut output in the world’s largest economy by $25 billion in the fourth quarter, according to Gregory Daco, a U.S. economist at IHS Global Insight. He said that could reduce the fourth quarter pace of growth to between 1 percent and 1.5 percent, from the firm’s earlier estimate of 1.6 percent. Read more...
Argentine Bonds Post Biggest Two-Day Tumble Since October 2008
posted 10/31/12
Oct. 29 (Bloomberg) -- Argentine bonds posted their biggest two-day plunge in four years as JPMorgan Chase & Co., Bank of America Corp., and Barclays Plc cut their recommendations on the debt following a U.S. court decision favoring holders of defaulted securities. Read more...
posted 10/31/12
Oct. 29 (Bloomberg) -- Argentine bonds posted their biggest two-day plunge in four years as JPMorgan Chase & Co., Bank of America Corp., and Barclays Plc cut their recommendations on the debt following a U.S. court decision favoring holders of defaulted securities. Read more...
Major US-UK Tiff Over Legality of Iran Strike
posted 10/31/12
Amidst reports that Great Britain has denied the US military use of important British bases for an assault against Iran, Pentagon Press Secretary George Little told reporters on Friday that whenever the DOD considers military action “we do it within the legal confines…of this country.” The US has been contemplating military action against Iran’s nuclear program since at least 2006, but the legality of a unilateral attack has evidently not been a major consideration in Washington. It should be, as should the likely tactical complications of British (and potentially broader) non-cooperation. Read more...
posted 10/31/12
Amidst reports that Great Britain has denied the US military use of important British bases for an assault against Iran, Pentagon Press Secretary George Little told reporters on Friday that whenever the DOD considers military action “we do it within the legal confines…of this country.” The US has been contemplating military action against Iran’s nuclear program since at least 2006, but the legality of a unilateral attack has evidently not been a major consideration in Washington. It should be, as should the likely tactical complications of British (and potentially broader) non-cooperation. Read more...
Treasury: US to Hit $16.39 Trillion Debt Limit by Late 2012
posted 10/31/12
U.S. Treasury officials said Wednesday that they still expect the government will hit the current debt borrowing limit at the end of this year. But they said they can employ "extraordinary" measures that have been used in the past to keep the government functioning until sometime early next year. Treasury Assistant Secretary Matthew Rutherford said that Treasury would employ the same types of procedures it has used previously to keep borrowing under the current debt limit of $16.39 trillion until Congress votes to increase the debt ceiling. The nation's debt currently stands $16.16 trillion. Read more...
posted 10/31/12
U.S. Treasury officials said Wednesday that they still expect the government will hit the current debt borrowing limit at the end of this year. But they said they can employ "extraordinary" measures that have been used in the past to keep the government functioning until sometime early next year. Treasury Assistant Secretary Matthew Rutherford said that Treasury would employ the same types of procedures it has used previously to keep borrowing under the current debt limit of $16.39 trillion until Congress votes to increase the debt ceiling. The nation's debt currently stands $16.16 trillion. Read more...
How to Manufacture (or Suppress) Outrage
posted 10/31/12
Corbett Report Podcast Episode #249 Sandra Fluke. Justice for Trayvon. Kony 2012. The 24/7 news cycle is dominated by incessant coverage of topics of little significance. Reported in a completely decontextualized manner, the public flits from story of the week to story of the week so that nothing is left in their wake but catchphrases and fleeting pop culture references. This is a method of control, and it can be used both to concentrate the public on boogeymen and distract us from the real dangers. Join us this week on The Corbett Report as we examine how the would-be social engineers manufacture (and suppress) outrage. Read more...
posted 10/31/12
Corbett Report Podcast Episode #249 Sandra Fluke. Justice for Trayvon. Kony 2012. The 24/7 news cycle is dominated by incessant coverage of topics of little significance. Reported in a completely decontextualized manner, the public flits from story of the week to story of the week so that nothing is left in their wake but catchphrases and fleeting pop culture references. This is a method of control, and it can be used both to concentrate the public on boogeymen and distract us from the real dangers. Join us this week on The Corbett Report as we examine how the would-be social engineers manufacture (and suppress) outrage. Read more...
Spanish Contraction Continues, Austerity Spurs Inflation
posted 10/31/12
Spain’s economy contracted for a fifth quarter, undermining efforts to plug the budget deficit that’s pushing the nation closer to a bailout, while austerity measures kept inflation at a 17-month high. Gross domestic product declined 0.3 percent in the three months through September, compared with 0.4 percent the prior quarter, the National Statistics Institute said today. That compared with the Bank of Spain’s estimate on Oct. 23 of a 0.4 percent contraction. Consumer prices, rose 3.5 percent from a year earlier, Madrid-based INE said. Read more...
posted 10/31/12
Spain’s economy contracted for a fifth quarter, undermining efforts to plug the budget deficit that’s pushing the nation closer to a bailout, while austerity measures kept inflation at a 17-month high. Gross domestic product declined 0.3 percent in the three months through September, compared with 0.4 percent the prior quarter, the National Statistics Institute said today. That compared with the Bank of Spain’s estimate on Oct. 23 of a 0.4 percent contraction. Consumer prices, rose 3.5 percent from a year earlier, Madrid-based INE said. Read more...
Greece Coalition Splinters, Austerity Vote Delayed, PM Warns of 'Chaos'; Another Puppet Show or Is This For Real?
posted 10/31/12
In Greece, Prime Minister Antonis Samaras coalition has split. The result is yet another delay in an austerity vote required for the next tranche of loans to Greece, and the PM warns of 'chaos'. Greece's conservative Prime Minister Antonis Samaras is at odds with the Democratic Left party, a coalition partner, which is threatening to vote against the new austerity measures unless labor reforms included in them are scrapped. Read more...
posted 10/31/12
In Greece, Prime Minister Antonis Samaras coalition has split. The result is yet another delay in an austerity vote required for the next tranche of loans to Greece, and the PM warns of 'chaos'. Greece's conservative Prime Minister Antonis Samaras is at odds with the Democratic Left party, a coalition partner, which is threatening to vote against the new austerity measures unless labor reforms included in them are scrapped. Read more...
Hurricane Sandy - Man-Made TTA (HAARP) - They want to kill kill kill! October Surprise (Halloween)
Two British Soldiers Killed by Afghan Policeman in Insider Attack
posted 10/31/12
Yet another green-on-blue attack was reported today in Afghanistan’s Helmand Province, where a member of the Afghan police attacked and killed two British soldiers from the Royal Gurkha Rifles First Battalion at a police checkpoint. Officials say they have yet to confirm if the attack was an actual policeman or just someone in a uniform, but it seems likely this was the case because he was deployed at the checkpoint. The attacker fled after the attack and is still at large. Read more...
posted 10/31/12
Yet another green-on-blue attack was reported today in Afghanistan’s Helmand Province, where a member of the Afghan police attacked and killed two British soldiers from the Royal Gurkha Rifles First Battalion at a police checkpoint. Officials say they have yet to confirm if the attack was an actual policeman or just someone in a uniform, but it seems likely this was the case because he was deployed at the checkpoint. The attacker fled after the attack and is still at large. Read more...
Hussman: Bear Market Coming
posted 10/31/12
The stock market’s recent advance to almost record highs isn’t a sign of good things to come, says John Hussman, president of Hussman Investment Trust. “[T]he present is a terrible time to accept a significant amount of market risk,” he says in his weekly market commentary. Read more...
posted 10/31/12
The stock market’s recent advance to almost record highs isn’t a sign of good things to come, says John Hussman, president of Hussman Investment Trust. “[T]he present is a terrible time to accept a significant amount of market risk,” he says in his weekly market commentary. Read more...
Obama Administration Working to Set Up Syrian Opposition Council
posted 10/31/12
As part of its policy of regime change in Syria, the United States has been working on putting together a body of Syrian opposition leaders to replace the defunct Syrian National Council, and the new group will meet next week in Qatar. “The State Department has been heavily involved in crafting the new council as part of its effort oust Syrian President Bashar al-Assad and build a more viable and unified opposition,” The Cable reports. Secretary of State Hillary Clinton met with some of these Syrian activists in September when they were quietly flown in to New York, an event that went unpublished in the press until now. Read more...
posted 10/31/12
As part of its policy of regime change in Syria, the United States has been working on putting together a body of Syrian opposition leaders to replace the defunct Syrian National Council, and the new group will meet next week in Qatar. “The State Department has been heavily involved in crafting the new council as part of its effort oust Syrian President Bashar al-Assad and build a more viable and unified opposition,” The Cable reports. Secretary of State Hillary Clinton met with some of these Syrian activists in September when they were quietly flown in to New York, an event that went unpublished in the press until now. Read more...
Resident Warns People Will Be ‘Fighting In The Streets’ For Gas, Food In Sandy Wake
posted 10/30/12
NEW YORK (AP) — A strengthening Hurricane Sandy churned north Monday, raking ghost-town cities along the Northeast corridor with rain and wind gusts. Subways and schools were closed across the region of 50 million people, the floor of the New York Stock Exchange was deserted, and thousands fled inland to await the storm’s fury. As the storm closed in on the mid-Atlantic coast, it washed away an old section of the world-famous Atlantic City Boardwalk and left most of the city’s emptied-out streets under water. Read more...
posted 10/30/12
NEW YORK (AP) — A strengthening Hurricane Sandy churned north Monday, raking ghost-town cities along the Northeast corridor with rain and wind gusts. Subways and schools were closed across the region of 50 million people, the floor of the New York Stock Exchange was deserted, and thousands fled inland to await the storm’s fury. As the storm closed in on the mid-Atlantic coast, it washed away an old section of the world-famous Atlantic City Boardwalk and left most of the city’s emptied-out streets under water. Read more...
Worst Case Scenario: Hurricane Sandy Is The Biggest Storm Ever To Hit The Northeast
posted 10/30/12
The biggest storm to ever hit the northeast United States is creating a tremendous amount of havoc up and down the eastern seaboard. It is hard to describe how gigantic this storm actually is. From end to end, Hurricane Sandy is more than 1000 miles across. Read more...
posted 10/30/12
The biggest storm to ever hit the northeast United States is creating a tremendous amount of havoc up and down the eastern seaboard. It is hard to describe how gigantic this storm actually is. From end to end, Hurricane Sandy is more than 1000 miles across. Read more...
Two coalition troops killed in southern Afghanistan by man in police uniform
posted 10/30/12
NATO officials have said that a man dressed in Afghan police uniform has killed two international troops of the alliance in the southern Helmand province. NATO's International Security Assistance Force (ISAF) reportedly refused to say where the two servicemen killed in the attack came from, but stressed an investigation is underway. Read more...
posted 10/30/12
NATO officials have said that a man dressed in Afghan police uniform has killed two international troops of the alliance in the southern Helmand province. NATO's International Security Assistance Force (ISAF) reportedly refused to say where the two servicemen killed in the attack came from, but stressed an investigation is underway. Read more...
Hurricane Sandy's Damage Toll Poised to Top $20 Billion
posted 10/30/12
Hurricane Sandy’s economic toll is poised to exceed $20 billion after the biggest Atlantic storm slammed into the Eastern U.S., damaging homes and offices and flooding subways in America’s most populated city. The total would include insured losses of about $7 billion to $8 billion, said Charles Watson, research and development director at Kinetic Analysis Corp., a hazard-research company in Silver Spring, Maryland. Much of the remaining tab will be picked up by cities and states to repair infrastructure, such as New York City’s subways and tunnels, he said. Read more...
posted 10/30/12
Hurricane Sandy’s economic toll is poised to exceed $20 billion after the biggest Atlantic storm slammed into the Eastern U.S., damaging homes and offices and flooding subways in America’s most populated city. The total would include insured losses of about $7 billion to $8 billion, said Charles Watson, research and development director at Kinetic Analysis Corp., a hazard-research company in Silver Spring, Maryland. Much of the remaining tab will be picked up by cities and states to repair infrastructure, such as New York City’s subways and tunnels, he said. Read more...
Obama accepts 'Osama bin Laden' donations
posted 10/30/12
WASHINGTON – Using a Pakistani Internet Protocol and proxy server, a disposable credit card and a fake address, “Osama bin Laden” has successfully donated twice to Barack Obama’s presidential re-election campaign. The “Bin Laden” donations, actually made by WND staff, included a listed occupation of “deceased terror chief” and a stated employer of “al-Qaida.” Read more...
posted 10/30/12
WASHINGTON – Using a Pakistani Internet Protocol and proxy server, a disposable credit card and a fake address, “Osama bin Laden” has successfully donated twice to Barack Obama’s presidential re-election campaign. The “Bin Laden” donations, actually made by WND staff, included a listed occupation of “deceased terror chief” and a stated employer of “al-Qaida.” Read more...
Back to War: No One Honors Last Day of Syria Ceasefire
posted 10/30/12
As the Eid al-Adha holiday comes to a close, so does Syria’s pledge four-day ceasefire, with the war ratcheting back up on both sides. Not that this “last day” of the ceasefire really registered as one. Rather, after heavy fighting in several parts of the country on Sunday (day 3), no one seems to have honored day 4 at all, and it was just another day of the protracted and ever-escalating Syrian Civil War. Read more...
posted 10/30/12
As the Eid al-Adha holiday comes to a close, so does Syria’s pledge four-day ceasefire, with the war ratcheting back up on both sides. Not that this “last day” of the ceasefire really registered as one. Rather, after heavy fighting in several parts of the country on Sunday (day 3), no one seems to have honored day 4 at all, and it was just another day of the protracted and ever-escalating Syrian Civil War. Read more...
Super Storm’s Record U.S. Flooding Lands Blackout Blow: Energy
posted 10/30/12
Record tides from a wintry super storm combined with hours of pounding wind and rain to deal an unprecedented blow to the U.S Northeast’s power grid, flooding substations and shutting New York City’s financial district. By nightfall, Consolidated Edison Inc., New York City’s utility, had killed electricity in parts of downtown Manhattan and Brooklyn as seawater encroached on crucial power equipment, warning more cuts may be coming. Crews in Connecticut threw up a dike around an electrical substation serving downtown Stamford and stood ready to shut down four others should floodwaters rise by the forecast 11 feet. Read more...
posted 10/30/12
Record tides from a wintry super storm combined with hours of pounding wind and rain to deal an unprecedented blow to the U.S Northeast’s power grid, flooding substations and shutting New York City’s financial district. By nightfall, Consolidated Edison Inc., New York City’s utility, had killed electricity in parts of downtown Manhattan and Brooklyn as seawater encroached on crucial power equipment, warning more cuts may be coming. Crews in Connecticut threw up a dike around an electrical substation serving downtown Stamford and stood ready to shut down four others should floodwaters rise by the forecast 11 feet. Read more...
Demand for Oil After Sandy Expected to Fall
posted 10/30/12
Demand for oil and fuels might fall in the wake of Sandy, which roared ashore as a monster hybrid weather system inflicting damage with winds, rain and a deadly storm surge, though gasoline prices could rise if supplies remain cut off for too long, experts say. Refineries throttled back output ahead of the storm, curtailing demand for crude oil. Read more...
posted 10/30/12
Demand for oil and fuels might fall in the wake of Sandy, which roared ashore as a monster hybrid weather system inflicting damage with winds, rain and a deadly storm surge, though gasoline prices could rise if supplies remain cut off for too long, experts say. Refineries throttled back output ahead of the storm, curtailing demand for crude oil. Read more...
Crowd control: Bahrain bans all public gatherings
posted 10/30/12
Bahraini authorities have prohibited protest gatherings and rallies until further notice, a day after police cracked down heavily on demonstrators, once again during the 20-month fatality-riddled unrest. The statement made by the country’s Interior Ministry did not define precise measures that could be taken should new protests occur. Read more...
posted 10/30/12
Bahraini authorities have prohibited protest gatherings and rallies until further notice, a day after police cracked down heavily on demonstrators, once again during the 20-month fatality-riddled unrest. The statement made by the country’s Interior Ministry did not define precise measures that could be taken should new protests occur. Read more...
The Global Banking ‘Super-Entity’ Drug Cartel: The “Free Market” of Finance Capital
posted 10/30/12
The Global Banking ‘Super-Entity’ Drug Cartel: The “Free Market” of Finance Capital By: Andrew Gavin Marshall This essay is the product of research undertaken for the first volume of The People’s Book Project. Please donate to help the first volume come to completion: a study of the institutions, ideas, and individuals of power and … Read more...
posted 10/30/12
The Global Banking ‘Super-Entity’ Drug Cartel: The “Free Market” of Finance Capital By: Andrew Gavin Marshall This essay is the product of research undertaken for the first volume of The People’s Book Project. Please donate to help the first volume come to completion: a study of the institutions, ideas, and individuals of power and … Read more...
The President Has No Power to Delay, Change Election Date
posted 10/30/12
During a White House press conference this morning, Jay Carney was asked whether President Obama has the power to delay Election Day because of the impact of hurricane Sandy. Carney's answer: "I don't know." A Constitutional answer: "Hell no." Read more...
posted 10/30/12
During a White House press conference this morning, Jay Carney was asked whether President Obama has the power to delay Election Day because of the impact of hurricane Sandy. Carney's answer: "I don't know." A Constitutional answer: "Hell no." Read more...
The 'Biggest Storm Ever' Hits The East Coast [PHOTOS]
posted 10/29/12
Well, here it comes. Hurricane Sandy brings "a combination of track, size, structure and strength that is unprecedented in the known historical record," according to Weather Channel meteorologist Stu Ostro. Read more...
posted 10/29/12
Well, here it comes. Hurricane Sandy brings "a combination of track, size, structure and strength that is unprecedented in the known historical record," according to Weather Channel meteorologist Stu Ostro. Read more...
NYSE and Nasdaq to close
posted 10/29/12
The New York Stock Exchange said in a statement late Sunday that it will close its markets Monday. Markets are likely to remain closed on Tuesday as well. The Nasdaq stock market, which trades many technology stocks including Google and Microsoft, will also be closed Monday. The exchange will later announce plans for Tuesday. Read more...
posted 10/29/12
The New York Stock Exchange said in a statement late Sunday that it will close its markets Monday. Markets are likely to remain closed on Tuesday as well. The Nasdaq stock market, which trades many technology stocks including Google and Microsoft, will also be closed Monday. The exchange will later announce plans for Tuesday. Read more...
Street lights turned off in their thousands to meet carbon emission targets
posted 10/29/12
Lights are being turned off on motorways and major roads, in town centres and residential streets, and on footpaths and cycle ways, as councils try to save money on energy bills and meet carbon emission targets. The switch-off begins as early as 9pm. They are making the move despite concerns from safety campaigners and the police that it would lead to an increase in road accidents and crime. Read more...
posted 10/29/12
Lights are being turned off on motorways and major roads, in town centres and residential streets, and on footpaths and cycle ways, as councils try to save money on energy bills and meet carbon emission targets. The switch-off begins as early as 9pm. They are making the move despite concerns from safety campaigners and the police that it would lead to an increase in road accidents and crime. Read more...
Italian Markets Are Tanking — And These Ominous Comments From Berlusconi May Be Why
posted 10/29/12
So what's going on? Ominous comments from Silvio Berlusconi may have something to do with it. Smarting over his recent conviction and 4-year prison sentence, he's lashing out at the government, and made ominous hints at throwing his political might around again. Read more...
posted 10/29/12
So what's going on? Ominous comments from Silvio Berlusconi may have something to do with it. Smarting over his recent conviction and 4-year prison sentence, he's lashing out at the government, and made ominous hints at throwing his political might around again. Read more...
Kurds, Iraqis Play Growing Role in Syrian Civil War
posted 10/29/12
Another week of Syrian Civil War means more new combatants entering the increasingly regional conflict. The question of Kurdish neutrality seems to be settled, at least so far as the Kurdistan Workers’ Party (PKK), the Turkish-based Kurdish secessionist movement is concerned, with the group accusing the rebel Free Syrian Army (FSA) of attacking Kurdish neighborhoods in Aleppo and retaliating against FSA bases. The fighting between the two has killed 36 in recent days, and 14 Kurds have been kidnapped by the FSA in the process. Read more...
posted 10/29/12
Another week of Syrian Civil War means more new combatants entering the increasingly regional conflict. The question of Kurdish neutrality seems to be settled, at least so far as the Kurdistan Workers’ Party (PKK), the Turkish-based Kurdish secessionist movement is concerned, with the group accusing the rebel Free Syrian Army (FSA) of attacking Kurdish neighborhoods in Aleppo and retaliating against FSA bases. The fighting between the two has killed 36 in recent days, and 14 Kurds have been kidnapped by the FSA in the process. Read more...
Survey: Jobless Rate Probably Rose in October Amid Lax Hiring
posted 10/29/12
The jobless rate probably rose in October as U.S. employers kept a tight rein on payrolls with the nation closing in on the so-called fiscal cliff, economists said before a report this week. A net 125,000 workers were added to headcounts following an increase of 114,000 in September, according to the median forecast of 72 economists surveyed by Bloomberg before the Nov. 2 Labor Department figures. The unemployment rate climbed to 7.9 percent last month from a three-year low of 7.8 percent, the survey showed. Read more...
posted 10/29/12
The jobless rate probably rose in October as U.S. employers kept a tight rein on payrolls with the nation closing in on the so-called fiscal cliff, economists said before a report this week. A net 125,000 workers were added to headcounts following an increase of 114,000 in September, according to the median forecast of 72 economists surveyed by Bloomberg before the Nov. 2 Labor Department figures. The unemployment rate climbed to 7.9 percent last month from a three-year low of 7.8 percent, the survey showed. Read more...
Canadian police urge Parliament to pass domestic spying bill
posted 10/29/12
Police across Canada are urging Ottawa to resurrect a controversial Internet surveillance bill that would allow them to monitor Canadians' digital activities in real-time without a warrant. The Canadian Association of Chiefs of Police has made a plea to on the federal government to pass Bill C-30, also known as the Protecting Children from Internet Predators Act ahead of a gathering by the provincial and federal justice ministers next week. Read more...
posted 10/29/12
Police across Canada are urging Ottawa to resurrect a controversial Internet surveillance bill that would allow them to monitor Canadians' digital activities in real-time without a warrant. The Canadian Association of Chiefs of Police has made a plea to on the federal government to pass Bill C-30, also known as the Protecting Children from Internet Predators Act ahead of a gathering by the provincial and federal justice ministers next week. Read more...
