World at Risk of Folding in on Itself: Deputy Doom
The global economy is at risk of folding in on itself unless policy makers face up to the threats of inflation inflexibility and exchange-rate inflexibility, according to Arun Motianey, director of fixed income strategy at Roubini Global Economics.
Article
With the US trapped in depression, this really is starting to feel like 1932
The US workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation.
"The economy is still in the gravitational pull of the Great Recession," said Robert Reich, former US labour secretary. "All the booster rockets for getting us beyond it are failing."
Article
Democrats push for new Internet sales taxes
The halcyon days of tax-free Internet shopping will, if Rep. Bill Delahunt gets his way, soon be coming to an abrupt end.
Delahunt, a Massachusetts Democrat, introduced a bill on Thursday that would rewrite the ground rules for Internet and mail order sales by eliminating the option for many Americans to shop over the Internet without paying state sales taxes.
Okla. tea parties and lawmakers envision militia
OKLAHOMA CITY – Frustrated by recent political setbacks, tea party leaders and some conservative members of the Oklahoma Legislature say they would like to create a new volunteer militia to help defend against what they believe are improper federal infringements on state sovereignty.
Tea party movement leaders say they've discussed the idea with several supportive lawmakers and hope to get legislation next year to recognize a new volunteer force. They say the unit would not resemble militia groups that have been raided for allegedly plotting attacks on law enforcement officers. Article
KUHNER: Impeach
the president?
The Democrats
are assaulting
the very pillars
of our
democracy. As
the debate on
Obamacare
reaches the
long, painful
end, House
Speaker Nancy
Pelosi is
confronting a
political
nightmare. She
may not have the
216 votes
necessary to
pass the
Senate's health
care bill in the
House.
Hence, Mrs.
Pelosi and her
congressional
Democratic
allies are
seriously
considering
using a
procedural ruse
to circumvent
the traditional
constitutional
process. Led by
Rep. Louise M.
Slaughter, New
York Democrat
and chairman of
the House Rules
Committee, the
new plan -
called the
"Slaughter
Solution" - is
not to pass the
Senate version
on an up-or-down
vote. Rather, it
is to have the
House "deem"
that the
legislation was
passed and then
have members
vote directly on
a series of
"sidecar"
amendments to
fix the things
it does not
like.
Article
Canadian dollar likely to trump US
greenback: experts
OTTAWA (AFP)
– The
Canadian
dollar, or
loonie as it
is
affectionately
called here,
is likely to
soar above
parity with
the US
greenback
this year,
experts at a
Canadian
bank said
Wednesday.
Canadian
Imperial
Bank of
Canada
(CIBC)
chief
economist
Avery
Shenfeld
said the
Canadian
dollar
had already
gained
several
cents in
recent weeks
as the
market firms
up
expectations
of an
interest
rate hike
in July.
Article
Climate scientists withdraw journal claims of
rising sea levels
Study claimed in 2009 that sea levels would rise by up to
82cm by the end of century – but the report's author now says
true estimate is still unknown
Scientists have been forced to withdraw a study
on projected sea level rise due to global
warming after finding mistakes that undermined
the findings.
Article
Copenhagen climate summit in disarray
Developing countries react furiously to leaked draft
agreement that would hand more power to rich nations, sideline
the UN's negotiating role and abandon the Kyoto protocol
Article
Australia's Parliament
defeats global warming bill
SYDNEY –
Australia's plans for an emissions trading system to
combat
global warming were scuttled Wednesday in
Parliament,
handing a defeat to a government that had hoped to set an
example at
international climate change talks next week.
The Senate,
where
Prime Minister Kevin Rudd's government does not hold a
majority, rejected his administration's proposal for Australia
to become one of the first countries to install a so-called
cap-and-trade system to slash the amount of heat-trapping
pollution that industries pump into the air.
Article
When it comes to greenhouse-gas emissions, Energy Secretary
Steven Chu sees Americans as unruly teenagers and the
Administration as the parent that will have to teach them a few
lessons.
Article
FEMA Martial Law "Rehearsal" Exercise is now
underway, scheduled for 27 - 31 July 2009:
National Level
Exercise 2009 (NLE 09)National Level Exercise 2009 (NLE 09) is
scheduled for July 27 through July 31, 2009. NLE 09 will be the
first major exercise conducted by the United States government
that will focus exclusively on terrorism prevention and
protection, as opposed to incident response and recovery. NLE 09
is designated as a Tier I National Level Exercise. Tier I
exercises (formerly known as the Top Officials exercise series
or TOPOFF) are conducted annually in accordance with the
National Exercise Program (NEP), which serves as the nation's
overarching exercise program for planning, organizing,
conducting and evaluating national level exercises. The NEP was
established to provide the U.S. government, at all levels,
exercise opportunities to prepare for catastrophic crises
ranging from terrorism to natural disasters.NLE
09 is a White House directed, Congressionally- mandated exercise
that includes the participation of all appropriate federal
department and agency senior officials, their deputies, staff
and key operational elements. In addition, broad regional
participation of state, tribal, local, and private sector is
anticipated. This year the United States welcomes the
participation of Australia, Canada, Mexico and the United
Kingdom in NLE 09. Article
GM to
Import Cars Made In China
DETROIT (AP) - As
thousands of General Motors workers await word on more U.S.
plant closures, reports that the company plans to import
Chinese-made vehicles to the U.S. have created a political
problem for the automaker and the White House. The reports,
which GM will neither confirm nor deny, could mean trouble
because GM is supported by $15.4 billion in U.S. government
loans, largely due to the Obama administration's desire to
preserve the company's 90,000 U.S. jobs. The United Auto Workers
charged last week that the Detroit automaker intends to almost
double over the next five years the number of vehicles it
imports to the U.S. from Mexico, South Korea, China and Japan.
"GM should not be taking taxpayers' money simply to finance the
outsourcing of jobs to other countries," Alan Reuther, the
union's Washington lobbyist, wrote in a letter to U.S.
lawmakers.
Article
WHAT Science
changes its mind again NO ASTEROID?
The theory goes that
dinosaurs were wiped out after an asteroid smashed into the
Earth 65million years ago. But now it has been suggested they
were sent into eternity by an equally catastrophic but somewhat
smaller threat - biting insects. Disease spread by mosquitoes,
mites and ticks was probably the major factor that
finished off the reptiles, say scientists. The insects could
have also made it harder for dinosaurs to survive by changing
the nature of plant life."
Article
China's yuan 'set to usurp US
dollar' as world's reserve currency
Article
Back off and let those men who want to
marry men, marry men.
Allow those women who want to marry
women, marry women.
Allow those folks who want to abort their
babies, abort their babies.
In three generations, there will be no Democrats.
Missouri retracts report linking militias, 3rd party candidates
The
Missouri Highway Patrol this week retracted a controversial
report on militia activity and will change how such reports are
reviewed before being distributed to law enforcement
agencies.
Article
Crisis Awaits World’s Banks as Trillions Come Due
FRANKFURT — The
sovereign debt
crisis would seem to
create worry enough
for European banks ,
but there is another
gathering threat
that has not
garnered as much notice: the
trillions of dollars
in short-term
borrowing that
institutions around
the world must repay
or roll over in the
next two years.
The
European Central
Bank, the
Bank of England
and the
International
Monetary Fund
have all recently
warned of a looming
crunch, especially
in Europe, where
banks have enough
trouble raising
money as it is.
Article
Illinois Stops Paying Its Bills
Even
by the standards of this deficit-ridden state,
Illinois’s comptroller, Daniel W. Hynes, faces an
ugly balance sheet. Precisely how ugly becomes clear
when he beckons you into his office to examine his
daily briefing memo.
Article
Next step? No guns allowed for right-wing
'extremists'
A new gun law being
considered in Congress, if aligned with Department
of Homeland
Security
memos
labeling
everyday Americans as potential "threats," could
potentially deny firearms to pro-lifers, gun-rights
advocates, tax protesters, animal rights activists,
and a host of others – any already on the expansive
DHS watch list for potential "extremism."
Article
Walgreen's:
no new Medicaid patients as of April 16
Effective April 16, Walgreens drugstores across the
state won't take any new Medicaid patients, saying
that filling their prescriptions is a money-losing
proposition — the latest development in an ongoing
dispute over Medicaid reimbursement. The company,
which operates 121 stores in the state, will
continue filling Medicaid prescriptions for current
patients.
Article
Obama
facing uprising over new NASA strategy
WASHINGTON, March 10 - U.S.
President Barack Obama is trying to
tamp down an uprising in politically
vital Florida against a new strategy
for NASA that has rankled space
veterans and lawmakers and sparked
fears of job losses. Obama's
decision to kill NASA's
Constellation program to launch
astronauts into orbit and return
Americans to the moon has prompted
soul-searching on whether the United
States is prepared to cede a
pre-eminent space role to Russia and
China.
Article
White House Warns Republicans:
We'll Pass It With 51 VOTES...
PROPOSAL SUMMARY USES WORD
'TAX' 35 TIMES...
The game of chicken commenceth — right now.
In the course of unveiling Obama’s
new health reform proposal on a conference call with reporters
this morning, White House advisers made it clearer than ever before:
If the GOP filibusters health reform, Dems will move forward on
their own and pass it via reconciliation.
The
assertion, which is likely to spark an angry response from GOP
leaders, ups the stakes in advance of the summit by essentially
daring Republicans to try to block reform.
ArticleResearcher: NASA hiding climate data
By
Stephen Dinan
The fight over global warming science is about to cross the
Atlantic with a U.S. researcher poised to sue NASA, demanding
release of the same kind of climate data that has landed a leading
British center in hot water over charges it skewed its data. Chris
Horner, a senior fellow at the Competitive Enterprise Institute,
said NASA has refused for two years to provide information under the
Freedom of Information Act that would show how the agency has shaped
its climate data and would explain why the agency has repeatedly had
to correct its data going as far back as the 1930s.
Article
Conservatives Now Outnumber Liberals in All 50
States, Says Gallup Poll
(CNSNews.com) - Self-identified conservatives outnumber
self-identified liberals in all 50 states of the union, according to
the Gallup Poll.
At the same time, more Americans nationwide are saying this year
that they are conservative than have made that claim in any of the
last four years.
In 2009, 40% percent of respondents in Gallup surveys that have
interviewed more than 160,000 Americans have said that they are
either “conservative” (31%) or “very conservative” (9%). That is the
highest percentage in any year since 2004.
Article
Opposition Emerges to House's Jet Spree
WASHINGTON -- Bipartisan opposition is emerging in the Senate to
a plan by House lawmakers to spend $550 million for additional
passenger jets for senior government officials.The resistance to
buying eight Gulfstream and Boeing planes comes as members of both
chambers of Congress embark on the busiest month of the year for
official overseas travel. The plan to upgrade the fleet of
government jets, which was included in a broader defense-funding
bill, has also sparked criticism from the Pentagon, which has said
it doesn't need half of the new jets.
Article
Palin says health care plan is 'evil
ANCHORAGE, Alaska (AP) - Former Alaska Gov. Sarah Palin
called President Barack Obama's health plan "downright evil" Friday in
her first online comments since leaving office, saying in a Facebook
posting that he would create a "death panel" that would deny care to the
neediest Americans.
"The America I know and love is not one in which my
parents or my baby with Down Syndrome will have to stand in front of
Obama's 'death panel' so his bureaucrats can decide, based on a
subjective judgment of their 'level of productivity in society,' whether
they are worthy of health care," the former Republican vice presidential
candidate wrote.
Article
Blackburn: Net neutrality
is "fairness doctrine for the Internet"
Marsha Blackburn (R-Tenn.) spoke against net neutrality
regulations today at an event put on by the Safe Internet Alliance.
Representing the songwriters, singers, actors, producers and other
entertainers in Memphis and Nashville, she said the creative community
does not want the federal government to interfere with how they are able
to get content to consumers via the Internet.
Article
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Health Care Law's
Hidden Tax Provision: 1099s Could Quintuple in
2012
An until-now unnoticed provision of the new
health care overhaul law could change the way
U.S. businesses—including freelance
workers—prepare for tax day, causing an
avalanche of additional recordkeeping and
reporting.
According to Section 9006 of the 2,409-page
Patient Protection and Affordable Care Act,
beginning on January 1, 2012 all businesses will
have to issue 1099 tax forms not just to
contractors but to any individual or corporation
from which they buy more than $600 in goods or
services in a tax year. Currently 1099s need
only be issued to individuals, not
corporations.
The requirement will now include items such as
shipping charges, hotel bills, and equipment
purchases, all currently exempt from 1099
reporting.
While the notion of sending a tax form to Costco
for every large purchase may seem absurd to
small business owners, that's not the worst of
it, says Marianne Couch, a principal with the
Cokola Tax Group in Michigan and former
chairwoman of the IRS Information Reporting
Program Advisory Committee's subcommittee on
small business and self-employed tax issues.
Article
Doctors Threaten to Pull Out of Texas Medicaid
Cuts to fees paid doctors
in the state health care program for
low-income Texans is raising fears that
already declining physician participation
will fall further.
Article
7.9 million jobs lost, many forever
The recession killed off 7.9 million jobs.
It's increasingly likely that many will
never come back. The
government jobs report issued Friday
shows that businesses have slowed their pace
of hiring to a relative trickle.
"The job losses during the Great
Recession were so off the chart, that even
though we've gained about 600,000 private
sector jobs back, we've got nearly 8 million
jobs to go," said Lakshman Achuthan,
managing director of Economic Cycle Research
Institute.
Article
Militia Groups Hold Armed Protest on Potomac
A number of militia groups intend to rally on the banks of the
Potomac River today, and they'll be packing heat. It'll be the first
armed rally ever held in a national park, which ironically is only
possible because of a law signed by Barack Obama. But that doesn't
hold any weight with the event's organizer, who tells the
Washington Post he'll be carrying a loaded pistol,
unloaded rifle and a bandoleer loaded with ammo to protest the
president's “totalitarian socialism.”
Article
Justice's wife launches 'tea
party' group
The nonprofit run
by Virginia Thomas, wife of Supreme Court Justice Clarence Thomas,
is likely to test notions of political impartiality for the court.
Reporting from Washington
As Virginia Thomas tells it in her soft-spoken,
Midwestern cadence, the story of her involvement
in the "tea party" movement is the tale of an
average citizen in action.
"I am an ordinary citizen from Omaha, Neb., who
just may have the chance to preserve liberty
along with you and other people like you," she
said at a recent panel discussion with tea party
leaders in Washington. Thomas went on to count
herself among those energized into action by
President Obama's "hard-left agenda."
But Thomas is no ordinary activist.
Article
Americans' Global
Warming Concerns Continue to Drop
PRINCETON, NJ -- Gallup's annual update on
Americans' attitudes toward the environment shows a public that over the
last two years has become less worried about the threat of global
warming, less convinced that its effects are already happening, and more
likely to believe that scientists themselves are uncertain about its
occurrence. In response to one key question, 48% of Americans now
believe that the seriousness of global warming is generally exaggerated,
up from 41% in 2009 and 31% in 1997, when Gallup first asked the
question. Article
Toyota: Democrats 'not industry
friendly'
Internal Toyota documents derided the
Obama administration
and
Democratic Congress
as “activist” and “not industry friendly," a revelation that comes days
before the giant automaker's
top executives testify
on Capitol Hill amid a giant recall.
According to a presentation obtained under subpoena by the House
Oversight and Government Relations committee,
Toyota
referred to the “changing political environment” as one of its main
challenges and anticipated a "more challenging regulatory" environment
under the Obama administration's purview.
Article
FCC looks at ways
to assert authority over Web access
The Federal Communications Commission is considering aggressive moves
to stake out its authority to oversee consumer access to the Internet,
as a recent court hearing and industry opposition have cast doubt on its
power over Web service providers.
The FCC, which regulates public access to telephone and television
services, has been working to claim the same role for the Internet. The
stakes are high, as the Obama administration pushes an agenda of open
broadband access for all and big corporations work to protect their
enormous investments in a new and powerful medium.
"This is a pivotal moment," said Ben Scott, director of policy at the
public interest group Free Press. The government wants to treat
broadband Internet as a national infrastructure, he said, like phone
lines or the broadcast spectrum. But federal regulators are grappling
with older policies that do not clearly protect consumers' access to the
Web, their privacy or prices of service.
Article
India will not sign binding emission
cuts-minister
NEW DELHI, Dec 3 (Reuters) - India will not accept a
legally binding emission cut nor a peak year of carbon emissions at the
global climate talks in Copenhagen, Environment Minister Jairam Ramesh
said on Thursday.
"There is no question of India accepting a legally
binding emission reduction cut," he told parliament, laying out India's
negotiating position ahead of the December talks.
Article
Justice Dept.
Asked For News Site's Visitor Lists
In a case that raises questions
about online journalism and privacy rights, the U.S. Department of
Justice sent a formal request to an independent news site ordering it to
provide details of all reader visits on a certain day.
Article
So-Called 'Death
Panel' Measure Survives in House Health Bill
The provision allows Medicare to
pay for voluntary counseling to help beneficiaries deal with the complex
and painful decisions families face when a loved one is approaching
death
Article.
Bullet makers can't keep up with demand
NEW ORLEANS — Bullet-makers are working around the
clock, seven days a week, and still can’t keep up with the nation’s
demand for ammunition.
Shooting ranges, gun dealers and bullet manufacturers
say they have never seen such shortages. Bullets, especially for
handguns, have been scarce for months because gun enthusiasts are
stocking up on ammo, in part because they fear President Barack Obama
and the Democratic-controlled Congress will pass antigun legislation —
even though nothing specific has been proposed and the president last
month signed a law allowing people to carry loaded guns in national
parks.
Article
Obama The Dictator Wants
your Internet And Computer
Bill
would give president emergency control of Internet
Internet companies and civil liberties groups were
alarmed
this spring when a U.S. Senate bill
proposed
handing the White House the power to disconnect private-sector computers
from the Internet.
They're not much happier about a revised version that
aides to Sen. Jay Rockefeller, a West Virginia Democrat, have spent
months drafting behind closed doors. CNET News has obtained a copy of
the 55-page draft of S.773 (excerpt),
which still appears to permit the president to seize temporary control
of private-sector networks during a so-called cybersecurity emergency.
Article
MORE PROOF LIBERALS ARE LIARS "THE END JUSTIFIES THE
MEANS" Attorney General Holder's Statement On The Stevens Case
In connection with the
post-trial l litigation in United States vs. Theodore F. Stevens,
the Department of Justice has conducted a review of the case,
including an examination of the extent of the disclosures provided
to the defendant. After careful review, I have concluded that
certain information should have been provided to the defense for use
at trial. In light of this conclusion, and in
consideration of the totality of the circumstances of this
particular case, I have determined that it is in the
interest of justice to dismiss the indictment and not proceed with a
new trial. "The Department's Office of Professional Responsibility
will conduct a thorough review of the prosecution of this matter.
This does not mean or imply that any determination has been made
about the conduct of those attorneys who handled the
investigation and trial of this case. "The Department of Justice
must always ensure that any case in which it is involved is handled
fairly and consistent with its commitment to justice. Under
oftentimes trying conditions, the attorneys who serve in this
Department live up to those principles on a daily basis. I am proud
of them and of the work they do for the American people."
Article
Chicago Gangsters Running White House
WASHINGTON. D.C.
– Following reports that White House Chief of Staff Rahm Emanuel has
been orchestrating an effort to intimidate members of Congress and
Governors who raise legitimate concerns regarding the effectiveness
of the stimulus, House Committee on Oversight and Government Reform
Ranking Member Darrell Issa (R-CA) sent a letter to Emanuel saying
“While this type of scare tactic may work In Chicago, it will not
work to intimidate me or other Members of the United States
Congress.”
Article
Day of reckoning looms for
the U.S. dollar
Article
Great Minds Think A Like
For along time I have been having an uneasy
feeling about the future of this country. With all the evil that is
going on how long would a Loving God tolerate
the murder and perversions that are being committed. Apparently I
am not alone. Article
Marriage American Style "You run
to the alter with stars in your eyes and the violins playing. You think
the music will last forever. When it ends you turn on each other.
God do you turn on each other." (unknown)
Obama Democrats Accent Bullying Over Governing:
Commentary by Amity
Shlaes
May 5 (Bloomberg)
So Michele Bachmann’s
version of history is “from another planet.” Bobby Jindal, the
Republican governor of Louisiana, is “chronically stupid.” And Eric
Cantor of Virginia, the second-ranking Republican in the House, is “busy
lying constantly.”
That at least is according
to posts on three left-leaning blogs. Writers who are not pro-Barack
Obama are suffering character assassination as well. George Will of the
Washington Post, the nation’s senior conservative columnist, has been so
assaulted by bloggers that his editor, Fred Hiatt, recently wrote, “I
would think folks would be eager to engage in the debate, given how sure
they are of their case, rather than trying to shut him down.”
Article
Obama Ruling Like
A Tyrant
Obama Wants to Control the Banks
I must be naive. I really thought the administration would welcome the
return of bank bailout money. Some $340 million in TARP cash flowed back
this week from four small banks in Louisiana, New York, Indiana and
California. This isn't much when we routinely talk in trillions, but
clearly that money has not been wasted or otherwise sunk down Wall
Street's black hole. So why no cheering as the cash comes back?
Article
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