Nicosia official says Cyprus not in reach of deal with troika, blames IMF
A senior Cypriot official suggested late on Saturday that his government was not close to an agreement with the troika over a range of measures aimed at securing a 10-billion-euro bailout for his country.
“We are not in touching distance of an agreement,” the official, who preferred to remain anonymous, told the Cyprus News Agency.
According to the news [...]
LIVE NOW: #Syria President Bashar al-#Assad making rare public statement
Syrian President Bashar al-Assad announced what he described as a peace plan on Sunday, calling for a reconciliation conference with “those who have not betrayed Syria”, to be followed by the formation of a new government and an amnesty.
“The first stage of a political solution would require that regional powers stop funding and arming (the opposition), an end to terrorist operations [...]
by Charles Hugh Smith from Of Two Minds
The Fed Has Failed, Failed, Failed
Bernanke knows QE3 will fail to revive the real economy, but he doesn’t care; his real job is to protect the Fed’s political power and the banking sector’s wealth.
The unleashing of QE3–unlimited money-printing in support of the financial Status Quo– is proof the Fed has failed, failed, failed. If anything the Fed has done in the past four years [...]
The country “came very close to exiting the euro”
Antonis Samaras, the prime minister of Greece, says the European Central Bank’s decision to start buying eurozone bonds has proved the beleaguered country must stay in the euro.
In his first public comments since the bond proposals were unveiled by ECB president Mario Draghi earlier this week, Mr Samaras said the plans has demonstrated that Greece must stay in the euro to remain a “modern [...]
President Shimon Peres and Prime Minister Benjamin Netanyahu publically clashed over the possibility of a strike against Iran’s nuclear facilities on Thursday, with Netanyahu aides reportedly saying that Peres had “forgotten the role of a president in the State of Israel.”
Earlier Thursday, the president said in an interview to Channel 2 that Israel should not act alone against Iran’s nuclear program, and that he trusted U.S. President Barack Obama intends to prevent [...]
Would the Volcker Rule harpoon the London Whale?
A London-based trader with JPMorgan Chase has amassed a big position in credit default swaps that is disrupting that part of the derivatives market, according to reports. With the swaps, the trader, Bruno Iksil, is effectively betting that the creditworthiness of a group of companies will improve, not deteriorate. Some hedge funds are said to be taking the opposite stance.
Some may ask why JPMorgan [...]
View latest bill text (Introduced) [PDF]
Pending Senate Energy And Natural Resources Committee
September 21 2011 – Read twice and referred to the Committee on Energy and Natural Resources.
Extends the authorities provided to the Secretary of the Interior with respect to the Coastal Heritage Trail Route in New Jersey until September 30, 2016.
Not the bill you were looking for? Take advantage of our new full text National Legislative Search feature or view this [...]
UPDATED: Only three months before the Oscars, the Academy of Motion Pictures Arts and Sciences and ABC are almost back to square one. Hours after Brett Ratner tendered his resignation as Oscar producer in the fallout of racy-bordering-on-vulgar public comments and the use of an anti-gay slur, Eddie Murphy has stepped down as host. The move is not entirely unexpected given that Ratner was the one who brought in his Tower [...]
Democrats close to the negotiating process say that House Speaker John Boehner, R-Ohio, has made his deficit reduction legislation a non-starter in the Senate by adding the Balanced Budget Amendment.
A case could be made that the previous incarnation of the Boehner bill might have become law. Let’s say come Monday no compromise legislation was close to being successfully negotiated, and the previous Boehner bill had [...]
LOS ANGELES – In her first public comments about “Spider-Man: Turn Off the Dark” since the opening of the $70 million Broadway musical, the director Julie Taymor on Saturday described the new show as “much simpler” than the version she created before being fired in March. Speaking to a conference of theater leaders here, she also tacitly criticized her former producers for drawing ideas from audience [...]
Sarah Palin emails.
If you’re someone who loves poring over ancient emails, even if they’re not yours, today is The Big Day.
The state of Alaska has released 300 pounds of emails from Sarah Palin’s term as governor up there, from inauguration until shortly after that old geezer John McCain threw a Hail Sarah pass and picked her as his Republican VP partner in September 2008.
The GOP pair didn’t win.
Because Palin hasn’t [...]
(CNSNews.com) – Back in 2008 then-House Speaker Nancy Pelosi (D-Calif.) knew where she wanted to place the blame for high gas prices. “The price of oil is at the doorstep — 4 dollars plus per gallon for oil, is attributed to two oil men in the White House,” Pelosi said in a CNN interview on July 17th, 2008.
Now that President George W. Bush and Vice President Dick Cheney are out [...]
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The government of the United States declared today they have tired of the Rod Blagojevich road show.
Prosecutor Reid Schar asked a federal judge to rein in the impeached former governor, accusing Blagojevich of using his frequent public appearances as a calculated strategy to taint the jury for his upcoming trial.
“At some point, enough is enough,” Schar told judge James [...]
byÂ Andrew Costello inÂ Society
Youâ€™re about to lose your retirement savings. Did you know?
Over the last decade, I have watched in despair as more and more of our freedoms and liberties have been eroded.
Iâ€™ve watched sadly, as our country has gone to war for corporate profit, not once, but twice.
And I have felt helpless as organized crime groups like JP Morgan and Goldman Sachs rape the country of itâ€™s wealth. Giving out [...]