Friday, 19 August 2011 07:52 '“From what I’ve seen, it looks as if the SEC might have sanctioned some level of case-related document destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a letter to the agency’s chairman, Mary Schapiro.
Friday, 19 August 2011 07:22 Friday, 19 August 2011 07:18 'A huge mass of electrically-charged particles thrown out by a gigantic eruption on the Sun is due to strike the Earth tonight. Scientists expect it to trigger one of the most violent geomagnetic storms ever recorded. The result could be widespread power surges and even blackouts, disrupted TV and mobile phone signals, and broken down communication satellites. At the same time the Northern Lights, normally confined to polar latitudes, may produce dazzling displays in the skies above southern Britain.' Friday, 19 August 2011 07:16 Friday, 19 August 2011 07:10 'Folks in the Midwest are lining up along highways to catch a view of the most sought after vehicle of the week. It’s not a souped-up sports car or the latest in biofuel engineering. It doesn’t even have a sick spoiler. It’s Obama’s million dollar tour bus and it’s making people think twice about the president’s plan on saving America. Despite ongoing acknowledgments that the country is on hard times and millions are without jobs, US President Barack Obama is in the midst of a Midwest tour this week in the luxury of a $1.1 million behemoth of a bus outfitted with the bells and whistles that’d make even the most royal of rock stars blush.' Friday, 19 August 2011 07:05 'With the Pentagon looking for new ways to cut back on costs, a report released this week presents a plan to save $250 billion over the next two decades. All they have to do is take away retirement plans from veterans. Defense Secretary Leon Panetta said Tuesday that any large cuts in defense spending would “terribly weaken” the national security of the US. “This is not about the Defense Department or the State Department,” Panetta told reporters. “This is about the United States of America.” That being said, the DoD doesn’t plan on curbing the $115 billion it will spend on rust-proofing their fleets during the next five years.' Friday, 19 August 2011 07:02 Friday, 19 August 2011 06:12 'The European and United States stocks suffer renewed plunges as the dire Western economy continues to steal the investors' confidence. Other US markets also sustained heavy losses. The Standard and Poor's (S&P) was down by 2.3 percent, while the tech heavy Composite Nasdaq plummeted by 3.1 percent. On Thursday, the Wall Street Dow Jones Industrial Average plunged 276.32 points (2.4 percent) following a 4.5 percent drop in London's FTSE 100 index, Reuters reported. Germany's Dax also fell 5.8 percent.' Read more: US, Europe Stocks Maintain Plunge Trail SEC Destroys 9,000 Fraud Files Involving Wells Fargo, Bank of America, Citigroup, Goldman Sachs, Credit Suisse, Deutsche Bank, Morgan Stanley, Lehman
“It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence. If these charges are true, the agency needs to explain why it destroyed documents, how many documents it destroyed over what timeframe, and to what extent its actions were consistent with the law".'Terrifying.
US, Europe Stocks Maintain Plunge Trail
Friday, 19 August 2011
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