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Seven banks were shut down by authorities Thursday, pushing the tally of failed banks for 2009 to 52, more than doubling the failures in 2008.
Six regional banks in Illinois and one in Texas closed their doors, according to the Federal Deposit Insurance Corporation.
The rash of Illinois failures are interlinked: All six banks were controlled [...]
Just why is there so much debt in the Anglo-Saxon world? Bankers and regulators know well that it is in nobody’s long-term interests to have allowed borrowing to escalate to a position where the US now owes far more, as a multiple of the economy, than at the start of the Great Depression.
The answer is [...]
Stock markets on both sides of the Atlantic tumbled on Thursday as investors took fright at a bigger-than-expected fall in US jobs last month that dashed hopes the recession was all but over in the world’s biggest economy.
The data showed that the number of people in employment fell 467,000 in June and the unemployment rate [...]
North Korea test-fired two short-range missiles on Thursday, further stoking tension in the region that was already high due to Pyongyang’s nuclear test and threats to boost its nuclear arsenal in response to UN sanctions.
North Korea fired two surface-to-ship missiles off its east coast that flew about 100 km (60 miles) and splashed into [...]
North Korea test-fired two short-range missiles on Thursday, further stoking tension in the region that was already high due to Pyongyang’s nuclear test and threats to boost its nuclear arsenal in response to UN sanctions.
North Korea fired two surface-to-ship missiles off its east coast that flew about 100 km (60 miles) and splashed into [...]
Thousands of U.S. Marines stormed deep into Taliban territory in an Afghan river valley Thursday, launching the biggest military offensive of Barack Obama’s presidency.
The Marines say Operation Khanjar, or Strike of the Sword, will be decisive and is intended to seize virtually the entire lower Helmand River valley, the heartland of the Taliban insurgency [...]
Thousands of U.S. Marines stormed deep into Taliban territory in an Afghan river valley Thursday, launching the biggest military offensive of Barack Obama’s presidency.
The Marines say Operation Khanjar, or Strike of the Sword, will be decisive and is intended to seize virtually the entire lower Helmand River valley, the heartland of the Taliban insurgency [...]
A stinging attack by John Hartigan, the CEO of Rupert Murdoch’s News Limited, labels bloggers and alternative media outlets as “political extremists”. Hartigan implies that bloggers should be jailed as they are in oppressive police states like China and Burma.
In a speech to the National Press Club, Hartigan savagely dismissed blogs as, “Something of such [...]
A stinging attack by John Hartigan, the CEO of Rupert Murdoch’s News Limited, labels bloggers and alternative media outlets as “political extremists”. Hartigan implies that bloggers should be jailed as they are in oppressive police states like China and Burma.
In a speech to the National Press Club, Hartigan savagely dismissed blogs as, “Something of such [...]
British nationals will not be forced to carry identity cards after Alan Johnson, the Home Secretary, scrapped plans to make the controversial £4.9 billion scheme compulsory.
In a significant climb down, Mr Johnson yesterday announced that the cards would only be issued to Britons on a voluntary basis.
The move raises the prospect of the scheme being [...]
British nationals will not be forced to carry identity cards after Alan Johnson, the Home Secretary, scrapped plans to make the controversial £4.9 billion scheme compulsory.
In a significant climb down, Mr Johnson yesterday announced that the cards would only be issued to Britons on a voluntary basis.
The move raises the prospect of the scheme being [...]
Leftist President Manuel Zelaya was kidnapped and transported to Costa Rica on Sunday morning after a growing controversy over a vote concerning term limits. Over the last week, Zelaya clashed with and eventually dismissed General Romeo Vasquez — who is now reportedly in charge of the armed forces that abducted the Honduran president.
According to the [...]
Leftist President Manuel Zelaya was kidnapped and transported to Costa Rica on Sunday morning after a growing controversy over a vote concerning term limits. Over the last week, Zelaya clashed with and eventually dismissed General Romeo Vasquez — who is now reportedly in charge of the armed forces that abducted the Honduran president.
According to the [...]
A new national poll indicates that nearly half of all Americans think the economy has stabilized, but only one in eight believes that a recovery has started.
Four in 10 questioned in the CNN/Opinion Research Corporation survey released Thursday morning think the country’s still in an economic downturn.
“Although polls in recent months have shown some signs [...]
A new national poll indicates that nearly half of all Americans think the economy has stabilized, but only one in eight believes that a recovery has started.
Four in 10 questioned in the CNN/Opinion Research Corporation survey released Thursday morning think the country’s still in an economic downturn.
“Although polls in recent months have shown some signs [...]
Health officials in Argentina said Saturday the government may declare a state of emergency as the influenza A(H1N1) virus, also called swine flu, is spreading alarmingly in the country.Till date, 26 people have died and more than 1,500 people have been infected by the deadly virus in the country.
“The emergency does not mean we’re closing [...]
Health officials in Argentina said Saturday the government may declare a state of emergency as the influenza A(H1N1) virus, also called swine flu, is spreading alarmingly in the country.Till date, 26 people have died and more than 1,500 people have been infected by the deadly virus in the country.
“The emergency does not mean we’re closing [...]
That’s what happens when the credit card companies have a seven month head start…
Credit card companies are raising interest rates and fees seven months before new rules go into effect that will limit their ability to do so, much to the irritation of Congress and consumer advocates.
Chase, for instance, will raise the minimum payment required [...]
That’s what happens when the credit card companies have a seven month head start…
Credit card companies are raising interest rates and fees seven months before new rules go into effect that will limit their ability to do so, much to the irritation of Congress and consumer advocates.
Chase, for instance, will raise the minimum payment required [...]
Gerald Celente speaks on Cap and Trade and other handicaps to the US economy
Gerald Celente speaks on Cap and Trade and other handicaps to the US economy
Experts have reported the first case of swine flu that is resistant to tamiflu – the main drug being used to fight the pandemic.
Roche Holding AG confirmed a patient with H1N1 influenza in Denmark showed resistance to the antiviral drug.
David Reddy, company executive, said it was not unexpected given that common seasonal flu could do [...]
Experts have reported the first case of swine flu that is resistant to tamiflu – the main drug being used to fight the pandemic.
Roche Holding AG confirmed a patient with H1N1 influenza in Denmark showed resistance to the antiviral drug.
David Reddy, company executive, said it was not unexpected given that common seasonal flu could do [...]
Oregon health authorities have confirmed the state’s second known death — in a young Marion County child — from the new H1N1 influenza virus, also known as swine flu.
The child, identified only as “younger than 5 years old,” died June 15, and infection with the swine flu virus was confirmed by the Oregon State Public [...]
Oregon health authorities have confirmed the state’s second known death — in a young Marion County child — from the new H1N1 influenza virus, also known as swine flu.
The child, identified only as “younger than 5 years old,” died June 15, and infection with the swine flu virus was confirmed by the Oregon State Public [...]
Delinquency rates on the least-risky mortgages more than doubled in the first quarter from a year earlier as U.S. efforts to help homeowners failed to keep pace with job losses that pushed more borrowers toward foreclosure.
Prime mortgages 60 days or more past due climbed to 2.9 percent of such loans through March 31 from 1.1 [...]
Headline according to Drudge is: “OBAMA LASHES OUT AT HONDURAS; SIDES WITH CHAVEZ, CASTRO.” The question is, will Obama still side with Venezuela and Equador when it comes to threatening military action in Honduras?
U.S. President Barack Obama said on Monday the coup that ousted Honduran President Manuel Zelaya was illegal and would set a "terrible [...]
…President George W. Bush signed legislation to pay for the war operations in Iraq and Afghanistan for the rest of his presidency and beyond, hailing the $162 billion plan as a rare product of bipartisan cooperation.
Also, the United States announced that it was charging Saudi Arabian Abd al-Rahim al-Nashiri with “organizing and directing” the [...]
So we went there looking for WMD’s. Really? Well what about this little tidbit? Confidential memo reveals US plan to provoke an invasion of Iraq
“The memo, written on 31 January 2003, almost two months before the invasion and seen by the Observer, confirms that as the two men became increasingly aware UN inspectors would [...]
This confidential US Special Forces (7th, US Southern Command), briefing dated 17 May 2009 was created for Florida Congressman Miller. Although unclassified, it specifies a For Official Use Only (FOUO) distribution restriction.
On page 7 of the document, it is proudly proclaimed that the 7h Special Forces Group has conducted missions in every Latin American [...]
Russia on Monday started its biggest military exercises in the Caucasus since its war with neighbouring Georgia last year, mobilising thousands of troops in a clear warning to its foes.
Georgia swiftly condemned as "dangerous" the week-long exercises, which are taking place just north of where Russia and Georgia fought over the pro-Moscow breakaway Georgian region [...]
Chavez said Honduran soldiers took away the Cuban ambassador and left the Venezuelan ambassador on the side of a road after beating him during the army’s coup against his leftist ally, Manuel Zelaya, the Honduran President.
The Honduran army ousted Zelaya and exiled him in Central America’s first military coup since the Cold War, after he [...]
A confidential record of a meeting between President Bush and Tony Blair before the invasion of Iraq, outlining their intention to go to war without a second United Nations resolution, will be an explosive issue for the official inquiry into the UK’s role in toppling Saddam Hussein.
The memo, written on 31 January 2003, almost two [...]
The recession-blighted UK economy shrank at its fastest rate for more than 50 years in the first three months of 2009, official figures showed today.
Output fell by 2.4 per cent in the first quarter of the year – much worse than the 1.9 per cent drop previously estimated – the Office for National Statistics (ONS) [...]
The Food and Drug Administration said yesterday that it had confirmed the presence of E. coli 0157, a deadly strain of bacteria, in samples of Nestlé Toll House refrigerated cookie dough produced at the company’s plant in Danville, Va.
Investigators did not find the bacterium inside the factory or on equipment but in a tub of [...]
Idiots! It looks like Gerald Celente just might be right, again.
The Harrisburg Chapter of the NAACP is calling on Pennsylvania Gov. Ed Rendell to suspend some civil liberties and impose martial law in the city to halt the wave of recent lawlessness.
Chapter President Stanley Lawson also called on Rendell to bring in the state [...]
Four years since the devastation of Hurricane Katrina, there are still nearly 3,000 mobile homes and trailers across the Gulf Coast housing victims of that disaster.
In Louisiana, there are 2,100 families living in trailers, most of them homeowners struggling to rebuild their homes, according to figures released by the Federal Emergency Management Agency (FEMA). Mississippi [...]
The Air Force successfully launched an unarmed Minuteman 3 intercontinental ballistic missile Monday from the California coast to an area in the Pacific Ocean some 4,200 miles away.
The ICBM was launched from Vandenberg Air Force Base near Santa Barbara at 3:01 a.m. and carried three unarmed re-entry vehicles to their targets near the Kwajalein Atoll [...]
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Supplies against Swine Flu These are some supplies you should consider acquiring, wherever you can obtain them from, but you should act quickly because I suspect they will be going fast.
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