By Noah Shachtman
It makes the Pentagon’s secret operations, including the intelligence budgets nested inside, “roughly equal in magnitude to the entire defense budgets of the UK, France or Japan,” Sweetman adds. All in all, about seven and a half percent of the Defense Department’s total spending is now classified. Continue
Dozens Injured in Georgia in Protesters’ Clash With Police: Opposition activists clashed with Georgian police officers in Tbilisi on Wednesday night, leaving dozens of people injured, in the first outbreak of violence since widespread antigovernment protests began on April 9.
In case you missed it: School of the Americas CIA Torture Manual: - Manuals used by the U.S. Army's School of the Americas between 1982 and 1991 appeared to condone executions, beatings and other human rights abuses, the Pentagon said in a disclosure that prompted renewed calls for the school's closure.
Court Upholds Searches Of Muslim Groups in Va.: An appeals court yesterday upheld the legality of federal raids on a Herndon-based network of Muslim charities, businesses and think tanks, a case that caused a firestorm in the Muslim community.
US bank stress tests rigged to benefit Wall Street: It makes this assertion even while acknowledging that should the recession deepen significantly, the 19 banks could suffer $599.2 billion in losses over the next two years, and that their total loss rate for loans would be 9.1 percent, exceeding the levels of the 1930s.
Toyota's loss adds company to misery: The company reported a staggering $7.7 billion loss for the quarter, leaving it with a $4.4 billion loss for its fiscal year. Toyota also announced a round of cost and production cuts akin to what's practically become the norm for American car makers
US unemployment hits 25-year high: A US government report says the US economy lost 539,000 jobs in April, catapulting the unemployment rate to 8.9 percent -- its highest point in a generation.
Fannie asks for another $19 billion: FNM 0.82, -0.06, -7.1%) asked for an additional $19 billion from the Treasury Department on Wednesday, the firm revealed on Friday.
Naomi Klein: Poorest, most vulnerable paying for bank bailouts: “Here we have just this transfer, this massive transfer of public wealth into private hands,” Klein explained, “and that’s continuing and it’s much, much larger, just on a much larger scale than any of the investments we’re seeing through the stimulus or the budget.”
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