U.S. Government REPORTS ‘Disastrous Muslim Outreach’

Report Details U.S. Government’s ‘Disastrous Muslim Outreach’

A new report documents the failures of Muslim outreach conducted by the U.S. government before and after the Sept. 11 attacks, faulting both Republican and Democrat administrations for reaching out to known terrorist funders and leaders.

Published by the Israel-based Global Research in International Affairs (GLORIA) Center by Patrick Poole, a counterterrorism consultant and investigative reporter, the 14,000-word exposé details the federal government’s “long-standing policy [...]

Sen. Al Franken proposes making the credit rating system more transparent and removing inherent conflicts of interest

What is Democratic Sen. Al Franken’s big idea to clean up the credit rating system? Transparency.

Franken, a junior senator from Minnesota, criticizes the Securities and Exchange Commission’s inaction on a 2010 amendment he sponsored that would have eliminated conflicts of interest in the credit-rating business model.

“Our financial system is kind of rigged,” Franken said in his first prime-time interview Monday with The Last Word with Lawrence O’Donnell.

Franken wants to institute an [...]

Three Experts Explain Why North Korea Keeps Ratcheting Tensions

From the South Korean and U.S. side, B-2 and B-52 nuclear bomber training sorties, missile defense deployments and ongoing  Foal Eagle drills have been detailed to media by military spokespersons in Washington DC and Seoul at unprecedented levels of late.

While the nature of threats made on the Koreas seems to increase by the day, few know what Pyongyang’s over-arching strategy is, how likely it is that a military escalation will take place, or how tensions [...]

BIDEN: ‘I Am Going To Say Something Outrageous: You’ve Had No Better Friend Over The Last 35 Years Than Me’

HARTFORD, Conn. (CBSNewYork) -  Vice President Joe Biden joined Conn. Gov. Dannel Malloy, other lawmakers and the parents of a young girl killed in the Sandy Hook massacre at a conference on gun violence Thursday.

The conference was held a few miles from the scene of last year’s Newtown school shootings.

Biden is trying to rally support for the administration’s proposals to curb gun violence, saying there will be a moral price to [...]

“A 10% cut from the NIH budget (the so-called “sequester” plan) would save 0.008% of the federal budget. This matters not a whit in the overall budget debate – but it would be a huge blow to biomedical research, crippling some research programs for years to come.”

from Forbes:

ongress is killing medical research.  The tragedy is that they don’t want to, but they may do it anyway.

While the ridiculous posturing about the U.S. budget deficit drags on, seemingly without end, biomedical research in the U.S. is crumbling.  Congress’s chronic inability to pass a budget, and especially the delays this year, are deeply damaging the core of our entire biomedical research enterprise: the National Institutes of Health.

Outside the beltway, the [...]

The Communist Transformation of America – Some will Rise Up as Heroes & Resist

It’s about more than guns

The warning signs of a tyrannical takeover of our Constitutional Republic have been flashing red for some time now and are now reaching a fever pitch.

Despite the flashing signs, the clamor of the alarms and the cries of the watchmen, most Americans of this era remain in denial or have been rendered intellectually catatonic by busily chasing immediate gratification in the form of the newest version [...]

Harry Reid: ‘We Are Not Going to Do Anything’

Senate majority leader Harry Reid, a Democrat, made his “fiscal cliff” position clear in a press conference today. “We are not going to do anything,” said Reid.

Reid added, “We are not taking up anything they are working on over there.”

The top Democrat in the Senate was explaining his inaction on the House plan, the proposal put forward by Republican John Boehner, the speaker of the House of Representatives. Boehner’s plan [...]

MURDOCH BRIT PAPER CALLS FOR MORE U.S. GUN CONTROLS

THESE are the innocents of America’s Dunblane — each smiling face a heartbreaking plea for the nation to give up its guns.

President Barack Obama last night hinted he is determined to end the lunacy, speaking at a vigil for victims of Friday’s rampage by Adam Lanza in Newtown, Connecticut.

He suggested he is considering a radical move to ditch America’s historic right to bear arms in the wake of the Sandy [...]

The French Government Gets Whacked, Even The Left Is Angry, And Hollande Gets Slapped In The Face

Wolf Richter   www.testosteronepit.com

France is mired in a stagnating economy. The private sector is under pressure, auto manufacturing is heading into a depression. Unemployment hit a 13-year high of 10.2%, leaving over 3 million people out of work. Youth unemployment of 22.7%, bad as it is, belies the catastrophic jobs situation for young people in ghetto-like enclaves, such as the northern suburbs of Paris. The “solution”—fabricating 150,000 jobs for the young at [...]

Bernanke Letter To Issa: Scope For More Easing

Bernanke Letter To Issa: Scope For More Easing

 

WASHINGTON (MarketWatch) — In a letter to House Oversight Chairman Darrell Issa written Wednesday and released Friday, Federal Reserve Chairman Ben Bernanke said there is scope for further action by the Federal Reserve, language largely borrowed from the most recent minutes of the July 31-Aug. 1 meeting. He said the impact of Operation Twist is still working its way through the economy but [...]

How big is Social Security’s funding shortfall? ($134 trillion)

“Over the next 75 years, after Social Security drains its trust funds, the massive program is scheduled to pay out $134 trillion more in benefits than it will collect in tax revenue, according to agency data.” – AP

How big is Social Security’s funding shortfall? ($134 trillion)
Japan’s Utilities Lose $46 Billion as End of Era Nears: Energy
Italy’s Public Debt Hits Record High in June
King Says European Debt Crisis Has ‘No Obvious End [...]

Casey Research: What you need to know about inflation, deflation, and gold

From Jeff Clark, Senior Precious Metals Analyst, Casey Research:

Jim Puplava has robust convictions…
The CEO of Financial Sense News Hour, Jim is a man you should listen to carefully if gold factors in your portfolio or if you are thinking about adding gold anytime soon.

In this interview, Jim talks about how the dollar affects gold prices.

He discusses whether we are moving into a phase of deflation or inflation and gives his [...]

Could Gold Be Tripped Up By A Coming Deflation? – Jeff Clark – Casey Rsearch

Interview with Jim Puplava, by Jeff Clark, Casey Research

 

Jim Puplava has robust convictions….

The CEO of Financial Sense News Hour, Jim is a man you should listen to carefully if gold factors in your portfolio or if you are thinking about adding gold anytime soon.

In this interview, Jim talks about how the dollar affects gold prices.

He discusses whether we are moving into a phase of deflation or inflation and gives his views on what [...]

John Boehner plans on holding debt ceiling hostage once again this year

Last year, for the first time in our history, literally every Republican on Capitol Hill held the full faith and credit of the United States hostage as part of an easily-avoidable debt-ceiling crisis. The GOP made a series of non-negotiable demands, and said they would crash the economy, on purpose, unless Democrats paid the ransom. It was a move without parallel in the American political tradition.

We’re still coming to terms [...]

George Will: Conservatives’ consolation prize

Conservatives won a substantial victory Thursday. The physics of American politics — actions provoking reactions — continues to move the crucial debate, about the nature of the American regime, toward conservatism. Chief Justice John G. Roberts Jr. has served this cause.

The health-care legislation’s expansion of the federal government’s purview has improved our civic health by rekindling interest in what this expansion threatens — the Framers’ design for limited government. Conservatives distraught about the survival [...]

GERMAN MEDIA TURNS ON ‘SAD’ OBAMA

 
Germans were ecstatic when Barack Obama took over the keys to the White House from George W. Bush. Now, though, a new Pew Research Center survey shows that disillusionment with the US president is widespread in Germany and that Obama has not lived up to the high expectations Europeans had of him.

In July 2008, in a speech at the base of the Victory Column in Berlin’s Tiergarten park, before tens [...]

‘The private sector’s doing fine’: Obama’s astonishing claim as he blames U.S. economic woes on Europe, Congress and George Bush (but NOT himself)

President Barack Obama, defending his economic record after unemployment rose to 8.2 per cent last month, has told Americans that ‘the private sector is doing just fine’.

Speaking at a White House press conference, Obama sought to blame troubles in the European economy, the legacy of President George W. Bush and inaction by Congress for poor economic numbers in the United States.

But then he offered what Republicans immediately seized on as [...]

10 Reasons Why The Coming Week Could Be Huge

by Cliff Wachtel, anyoption

 

The following is Part 2 of our weekly review and preview strategy guide for traders and investors of all major asset classes via both traditional instruments and binary options, covering coming week’s market movers and trade ramifications.

See Part 1 For Prior Week Market Movers, Lessons & Ramifications

1. MAY 3 ECB MEETING

As noted in Part 1 regarding the lessons of last week, the fall of the Dutch government and first round socialist [...]

Wages for Americans age 25-34 have decreased 5% since 2001 while tuition rates have increased 8% PER YEAR on average.

By Jennifer Mishory, Rory O’Sullivan, Tobin Van Ostern

Download this brief (pdf)

Read this brief in your web browser (Scribd)

More than 7 million students and their families rely on Subsidized Stafford Loans to help pay for college. The loans distributed by the U.S. Department of Education currently hold an interest rate of 3.4 percent. But that rate is set to double if Congress fails to act by July 1, 2012. If that occurs, millions of [...]

Humanity – A Lower Form of Life?

The following discussion by a psychologist discusses the stumbling blocks modern man faces in dealing with large scale problems of civilization such as climate change:

Humanity – A Lower Form of Life

We sit at the top of our planetary food chain but, when you’re at the top it’s easy, even natural, to imagine yourself far bigger and greater than you truly are. After a while you might just start thinking that God [...]

Black Panthers offer $10,000 bounty for ‘capture’ of Trayvon Martin’s killer

The new Black Panther Party offered a bounty of $10,000 Saturday for the “capture” of a Florida neighborhood watch captain who killed unarmed teen Trayvon Martin.

“An eye for an eye, a tooth for a tooth,” leader Mikhail Muhammad said after announcing the reward for George Zimmerman at a protest in Sanford, Fla.

Muhammad called on 5,000 black men to mobilize and capture the neighborhood watch volunteer.

“If the government won’t do the job, we’ll do it,” Muhammad [...]

EU to punish Spain for delaying austerity measures – Mish

The EU has accused Spain of overstating its 2011 budget deficit thus making it easier to make progress in 2012. Furthermore the EU is upset about delays in austerity measures ahead of regional elections next month.

According to Reuters, EU to punish Spain for deficits, inaction

The European Union is likely to take action against Spain’s newly installed government by May for delaying austerity measures ahead of a regional election next month, [...]

IMF’s Lagarde urges action to avoid 1930s moment: “It is not about saving any one country or region. It is about saving the world from a downward economic spiral. It is about avoiding a 1930s moment, in which inaction, insularity and rigid ideology combine to cause a collapse in global demand.”

By Polya Lesova

LONDON (MarketWatch) — Christine Lagarde, managing director of the International Monetary Fund, said in Berlin on Monday that the global economy could slide into a “1930s moment” unless Europe deals with its debt crisis and other economic powerhouses such as the U.S. and China fulfill their responsibilities. “What we must all understand is that this is a defining moment,” Lagarde said at the German Council on Foreign [...]

WSJ: 42% of Americans in a WSJ/NBC poll consider the current Congress to be “one of the worst” of all time

By Patrick O’Connor, WSJ

It’s hard to find an institution in American life less popular than Congress.

Associated Press
The U.S. Capitol building (AP Photo/Pablo Martinez Monsivais)

This particular Congress ranks as one of the worst – ever.

In the latest Wall Street Journal/NBC News poll, 42% of those polled judged the first session of the 112th Congress “one of the worst” in the 222-year history of the institution. Another 33% said it was “below average.”

The [...]

Mayor Bloomberg blasts Occupy Wall Street protesters for not reporting crimes to cops

Mayor Bloomberg said by Occupy Wall Street protesters not reporting crimes in Zuccotti Park, they were “allowing the criminal to strike again.” Mayor Bloomberg ripped into Occupy Wall Street protesters on Thursday for not reporting crimes at Zuccotti Park – calling their inaction “despicable.”

Bloomberg said the demonstrators have a practice of surrounding a troublemaker and then evicting them from the park instead of calling the NYPD.

“If this is in fact [...]

The European crisis explained:

The European Banking Crisis: Assessing the Damage and a Look Ahead

Editor’s Note: This is the first installment in a two-part series on the European banking crisis.

Related Links

Special Series (Part 2): Looking Ahead in the European Banking Crisis
Europe: The State of the Banking System
Navigating the Eurozone Crisis

Europe faces a banking crisis it has not wanted to admit even exists.

The formal authority on financial stability, International Monetary Fund (IMF) chief Christine Lagarde, [...]

Announcing retirement, Dem congressman bashes president

Rep. Dennis Cardoza, D-Calif., announced his retirement from Congress this afternoon — and he issued a scathing parting shot at President Obama‘s track record on his way out.

In a statement explaining his decision, Cardoza, a leader of the centrist Blue Dog Coalition, said he was “dismayed” by the administration’s “failure to understand and effectively address the current housing foreclosure crisis.”

“Home foreclosures are destroying communities and crushing our economy, and the Administration’s inaction [...]

Operation-Invade-Wall-Street-A-Message-To-The-Media

A new Anonymous statement to the media regarding a DDOS attack set forth to take place October 10th. DDOS information is annotated.

IRC LINK: irc.project-pm.org #invadewallstreet
(or for NetTalk users, 85.115.208.246)

TRANSCRIPT:
_________________

Greetings, Institutions of the Media.
We are Anonymous.
The events transpiring within Wall Street have caught our eye.

It seems that the government and Federal agencies enjoy enforcing the law a little bit too much. They instate unjust laws as mindless [...]

$200K Per Job? Geithner Says White House Plan Still Bargain

Treasury Secretary Timothy Geithner is interviewed by ABC News’ David Muir. (ABC News)

From ABC:

Treasury Secretary Timothy Geithner didn’t dispute a Harvard economist’s estimate that each job in the White House’s jobs plan would cost $200,000, but said the pricetag is the wrong way to measure the bill’s worth.

And he also pointed out, in an interview today with ABC News’ David Muir, that there is no [...]

961 days in, Obama becomes sick and tired of someone dawdling about jobs

LA Times

Speaking on behalf of millions of Americans who’ve grown angry and frustrated over the president’s 32-month ineffective inactivity on the job creation front, President Obama on Thursday told members of Congress they really have to do something about the crummy employment situation — and do it quickly.

Citing the plight of millions of struggling Americans whose wishes for jobs Obama ignored for most of the [...]

PIMCO’s Gross: QE1 and QE2 ‘destroyed’ credit creation

Good afternoon,

 

Bill Gross of PIMCO appeared on Bloomberg Television’s “Surveillance Midday” with Tom Keene this afternoon to discuss the impact of the Fed’s asset purchases and the outlook for market reaction to tonight’s speech by President Obama.

 

Gross said that QE by the Fed “destroyed” credit creation, that he’d like to “see something bold” from Obama and that the markets will be “disappointed” if stimulus is below $300 billion.

Gross on credit [...]

Hurricane Irene – This Storm, Bloomberg Responds Differently

Millions May Lose Power as Irene Carves Destructive Coastal Path (pinecarr)

Millions of homes and businesses are likely to lose power for several days as Hurricane Irene plows up the eastern coast of the U.S., ripping down power lines and flooding underground natural gas and electric equipment.

Hurricane Irene: Questions And Answers (jdargis)

Some people believe taping windows prevents flying shattered glass, but experts say doing so is not [...]

Dollar Lays Anchor As QE3 Speculation Takes Over

John Kicklighter
The Street
August 24, 2011

The fundamental fires are raging; but the dollar and broader markets will struggle for direction going forward as the possibility of QE3 adoption by the close of the week petrifies the speculative masses. We could already see the influence that this uncertain but very important event has over the markets through the opening session of the new trading week. For the [...]

Xbox Live User Says Microsoft Owes Him $500 Billion

An Arkansas man is trying to get Microsoft to pay him $500 billion after he tried to amend his Xbox Live contract with the company and was ignored when he asked for legal arbitration.

With a motion filed Monday in federal court in Seattle, gamer David Stebbins is trying to confirm the exorbitant arbitration award from Microsoft. Representing himself, he spends much of his filing explaining [...]

Five Things You Need to Know About the Economy

by David Galland of Casey Research

Five Things You Need to Know About the Economy

At any point during the recent negotiations in Washington over the debt, did you seriously think for even a second that the U.S. was about to default?

Of course, in time the U.S. government (along with many others) will default. However, they are highly unlikely to do so by decree or [...]