Netanyahu Cites Secret Deal with Bush to Justify more Settlements Mr Obama: Resign Now Bond Market Blowout If You Are Stressed Now, Just Wait Russia hopes to get behind the wheel: Mr Putin met in Moscow with Siegfried Wolf, co-chief executive of Canada’s Magna International, and German Gref, head of Sberbank, whose groups are due to take a controlling interest in GM’s spun-off European Opel division in a deal to be negotiated in the coming weeks. Germany Blasts 'Powers of the Fed': "I view with great skepticism the powers of the Fed, for example, and also how, within Europe, the Bank of England has carved out its own small line," Ms. Merkel said in a speech in Berlin. U.S. bankruptcy filings up 37% last month: U.S. consumer bankruptcy filings soared 37 percent in May compared with the same period last year, according to figures released Tuesday by the American Bankruptcy Institute. California will run out of cash in 14 days: The state wallet is empty. The bank closed. Credit has dried up, Gov. Arnold Schwarzenegger told lawmakers in a special Tuesday morning address at the Capitol. State's unemployment fund short by billions: California is paying out so much for jobless benefits and collecting so little in payroll taxes that its unemployment insurance fund could be $17.8 billion in debt by the end of 2010 Texas cop uses Taser on 72-year-old great grandmother: The cop claims he was forced to defend himself because Kathryn Winkfein “got violent” in her refusal to sign the ticket. The cop said she also used profanity, making him fear for his life.
Revelation puts more strain on relations with US as Obama heads for Middle East
By Donald Macintyre in Jerusalem
The Israeli government of Benjmain Netanyahu is seeking to deflect Washington's demand for a total settlement freeze by complaining that it ignores secret agreements between his predecessors and the Bush administration that construction in existing Jewish settlements could continue.Continue
With Democrats Like Him, Who Needs Dictators?
By Ted Rall
Obama is useless. Worse than that, he's dangerous. Which is why, if he has any patriotism left after the thousands of meetings he has sat through with corporate contributors, blood-sucking lobbyists and corrupt politicians, he ought to step down now--before he drags us further into the abyss. Continue
By Mike Whitney
Last week's ructions in the bond market, leave little doubt that the financial crisis has entered a new and more lethal phase. Continue
Policymakers Have Created A Perfect Storm
By Paul Craig Roberts
The next shoe to drop will be the dollar’s loss of the reserve currency role. Then the US, an import-dependent country, will no longer be able to pay for its imports. Shortages will worsen price inflation and disrupt deliveries. Continue
Thursday, 4 June 2009
Posts
