2nd mystery 'hit': Israeli jet flyover amid Hungary slay: Denying speculation that the planes were part of an undercover mission, Hungarian government spokesman Domokos Szollar said the overflight was "routine" training that was cleared in advance with Hungary by the Israelis. The report also revealed there were 5,296 staff employed at the GCHQ monitoring station in Cheltenham, Gloucestershire, where they intercept telephone, email and internet communications. The report said the combined budget for MI5, MI6 and GCHQ was now £2.2bn. Supply of Foreclosed Homes on the Rise Again: Mortgage analysts at Barclays Capital in New York estimated that banks and mortgage investors held a total of 645,800 foreclosed homes in January, up 4.6% from 617,286 a month earlier. California's public schools send out 22,000 pink slips: According to figures provided by O'Connell's office, more than 16,000 teachers lost their jobs in 2009
Saturday, 20 March 2010
By Paul Craig Roberts
The U.S. is on a path to becoming a Third World economy. Continue
By Mike Whitney
See? It wasn't Greenspan's fault, after all. It was "the savings glut" or the "undercapitalised banks" or some other such nonsense. The bottom line is that everyone else was to blame for everything that went wrong. Everyone except the Teflon Fed chief, that is. Continue
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