Carlin: Wall Street Owns Washington

Treasury Gives Back $115 MILLION Owed Back To Virginia

Feds to release funds to Va. after Cuccinelli complaints

After eight months of waiting, the Department of the Treasury on Wednesday agreed to release in excess of $100 million owed to Virginia for its role as lead investigator in a $1.5 billion court-approved Medicaid Fraud settlement with Abbott Pharmaceuticals.

Officials in the office of Virginia Attorney General Ken Cuccinelli said the office expects to receive $115 million of the $125 million it […]

Why Europe’s Debt Crisis is Barely Getting Started

By Nick Hubble 

If you’re sick of hearing about Europe’s economic crisis, you’ve got a long hard slog ahead of you in coming years. The steady stream of good and bad news is ‘hiding the decline’, as climate scientists would say. But the decline continues nonetheless.

Countries implementing so-called austerity are still running deficits. Politicians say the crisis has passed while their economies shrink. Debt to GDP ratios are rising as debt grows […]

Wichita’s Race Against Fluoridation

Travis Crank
July 8, 2012

The Kansas Health Foundation is the latest player in a long-history of attempts to both bribe city leaders and dupe the public into approving the introduction of fluoride chemicals into our public water system; as Wichita is now ranked as the 4th largest city in the nation to have resisted prior efforts up to present-day and with a county population of about a half-millionpeople, the majority of which are concentrated right here […]

Will the Supreme Court crush Obama’s healthcare dream? President prepares for crucial ruling that could kill off Obamacare

Barack Obama faces one of the deciding moments of his presidency this week as the Supreme Court is set to announce whether or not his flagship healthcare overhaul is constitutional.

And while the White House seems to be leaking information left, right and centre, the court has managed to keep its ruling a secret for months.

America’s nine Supreme Court justices officially voted on the plan more than two months ago – […]

U.S., Israel developed Flame computer virus to slow Iranian nuclear efforts, officials say

Ellen Nakashima, Greg Miller and Julie Tate
Washington Post
June 20, 2012

The United States and Israel jointly developed a sophisticated computer virus nicknamed Flame that collected intelligence in preparation for cyber-sabotage aimed at slowing Iran’s ability to develop a nuclear weapon, according to Western officials with knowledge of the effort.

The massive piece of malwaresecretly mapped and monitored Iran’s computer networks, sending back a steady stream of intelligence to prepare for a cyber­warfare campaign, […]


With a wry smile, Justice Ruth Bader Ginsburg laid waste Friday to all those rumors about the fate of the Affordable Care Act in the Supreme Court.

“Those who know don’t talk. And those who talk don’t know,” she quipped Friday night at a conference hosted by the American Constitution Society at the Capital Hilton.

Ginsburg said she was responding to a “steady stream of rumors and fifth-hand accounts” about the court’s deliberations on the […]

Greek Bank Run Update: Up To $1 Billion A Day Now

Zero Hedge
June 13, 2012

Yesterday, we did an update of the Greek bank jog, when noting that between €100-€500 million per day was being withdrawn from Greek banks based on Kathimerini reports. 24 hours later the jog has become a trot with the most recent estimate from Reuters now estimated at nearly double: “Combined daily deposit outflows from the major Greek banks have reached 500-800 million euros over the past few days, with the […]

New report shows a sickening stream of lobbyists has been flowing through the White House

From Economic Policy Journal:

The military-industrial-education-taser complex is alive and well in D.C.

White House visitor logs are turning up a “steady stream of lobbyists” visiting the Obama White House, reports the Washington Post.

Of particular note, AFL-CIO lobbyist Bill Samuel visited the White House over 50 times. Tim Hannegan, an informal adviser to Obama’s 2008 campaign, according to WaPo, whose clients include Comcast and Taser International has been to the WH over 30 times.

Hannegan […]

For residents of this U.S. state, things just got a whole lot worse, Get ready to fire up the moving vans…

From The Economic Collapse:

Why does the state of California seem to be so incredibly hopeless? These days, California can’t seem to do anything right, and if you live in California, things just got a whole lot worse.

Governor Brown has announced that the state budget deficit for this year is going to be much larger than projected, that more government services are going to be cut, and that voters are going […]

If You Live In California Things Just Got A Whole Lot Worse

by Michael

Why does the state of California seem to be so incredibly hopeless?  These days California can’t seem to do anything right, and if you live in California things just got a whole lot worse.  Governor Brown has announced that the state budget deficit for this year is going to be much larger than projected, that more government services are going to be cut and that voters are going to […]

This weekend’s must-read “viral” post

Dear Dr. Bernanke,

My nephew is a bad kid. He’s into drugs, engages in high-risk sex, and has a steady stream of brushes with the law. But he always manages to avoid prosecution- probably because he is smart and good looking… and he has a rich uncle.

Recently he got into trouble. He was involved in some illegal gambling and had resorted to the Martingale strategy – right up until he ran out of money. […]