Saturday, May 23, 2009 12:21
to Audit Fed Gains Serious Momentum
It looks like the Federal Reserve may finally have something to worry
about now that HR 1207 is finally gaining serious steam. If enacted,
HR 1207 will amend title 31 of the United States Code and reform the
manner in which the Board of Governors of the Federal Reserve System
is audited by the Comptroller General of the United States.
mounts over US Predator covert killings
The CIA is said to have carried out at least 16 Predator strikes in
Pakistan during the first four months of this year Tom Baldwin Washington
America has stepped up the covert targeted killing policy in Pakistan
and Afghanistan despite the concern of security experts about its effectiveness
and complaints by human rights groups about civilian casualties.
Diego Minutemen founder fined $135,000 for name calling
A North County jury on Thursday said the North County-based leader of
the San Diego Minutemen should pay $135,000 in compensatory damages
to a woman who sued him for defamation for his alleged role in posting
obscene references to her online and in e-mails.
MI5 blackmails British Muslims
Five Muslim community workers have accused MI5 of waging a campaign
of blackmail and harassment in an attempt to recruit them as informants.
to Steer GM Toward Bankruptcy
The Obama administration is preparing to send General Motors into bankruptcy
as early as the end of next week under a plan that would give the automaker
tens of billions of dollars more in public financing as the company
seeks to shrink and reemerge as a global competitor, sources familiar
with the discussions said.
climate change bill passes key hurdle
The United States, long a bastion of global warming scepticism, has
taken the first step towards introducing climate change legislation
after a key congressional committee approved a hotly-debated bill.
Default Swaps: The Poison in the System
In a little more than a decade, Credit Default Swaps (CDS) trading
ballooned into a lucrative multi-billion dollar industry which has
changed the fundamental character of the financial system and increased
systemic risk by many orders of magnitude.
Implies Owning Guns Is "Illegal"
A CBS News clip out of California that was prominently featured
on the front page of Yahoo.com today showed the LAPD melting down
40,000lbs worth of "illegal weapons" to '"prevent
them ending up on the streets in the hands of criminals" and
yet most of the guns shown were perfectly legal and were handed
in by law-abiding citizens who had kept them in their own homes.
Vows to Cut U.S. Deficit on Rating Concern
Treasury Secretary Timothy Geithner committed to cutting the budget
deficit as concern about deteriorating U.S. creditworthiness deepened,
and ascribed a sell-off in Treasuries to prospects for an economic
Senate throws weight behind war, Gitmo
The US Senate has passed a $91.3 billion war-spending bill for military
operations in Iraq and Afghanistan but denied money for the closure
of the Guantanamo Bay prison.