Current Events Updated
Monday - Saturday
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From the
editor,
Daniel Valles 3/14/9
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Articles by the Editor] |
We are now offering our first book!
Perilous Times is a compilation of 15 different essays that
I have written regarding the Biblical Christian's perspective one
should have in these end times. Great for sharing with friends
and family who are concerned about the perilous times.
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The Most Important Issue of This Hour worldchallenge.org
12/5/8 [by
David Wilkerson (Written in June, 2008) "I
believe the most important issue of this hour has to do with
what is called “enduring faith.” Simply put, will the faith of
God’s people endure the terrible shaking of all things, the
intense trials and testings to come, which no previous
generation has faced?" ...Ten years ago, I
wrote a book entitled, America’s Last Call: On the Brink of
a Financial Holocaust. In that book, I warned of the
following events..."
Editor: I have read his book (America's Last Call) several years ago,
and it has also been on my Recommended Book
list for a couple of years now.] |
China 'worried' about US Treasury holdings google.com 3/14/9
["Premier Wen Jiabao noted that Beijing is the biggest
foreign creditor to the United States and called on Washington
to see that its response to the global slowdown does not damage
the value of Chinese holdings."]
After attacks, Europe hurries to tighten gun laws thenewstribune.com 3/14/9
["Several European countries have restricted gun laws in
the wake of school massacres, gang violence and other
gun-related crimes:" Editor: Ditto for the US.]
Banks Rush Bond Sales as FDIC Says It May Raise Fees
bloomberg.com 3/14/9
["Federal Deposit Insurance Corp. officials advised the
largest U.S. banks on March 9 that they may be charged more for
the agency’s debt guarantees, according to people familiar with
the matter. "]
Georgia State
House Passes Embryo Adoption Bill to Protect Unborn Children lifenews.com 3/14/9
["The Georgia state House, on Thursday, passed what some
are considering one of the nation's first embryo adoption bill.
The chamber approved HB 388, the Option of Adoption Act by a
vote of 96- 66 to help offer protection for unique human beings
who are stored in fertility clinics."]
California: State budget already out of balance, report says sfgate.com 3/14/9
["California will face an $8 billion revenue shortfall in
the fiscal year that begins July 1, making the newly enacted
state budget that closed a $41 billion gap already out of
balance, according to report released this morning by the
nonpartisan Legislative Analyst's Office."]
California Teachers Rally as 26,000 Job Cuts Loom
bloomberg.com 3/14/9
["California teachers organized protests in more than a
dozen cities today as about 26,000 may lose their jobs because
of spending cuts the Legislature approved last month to keep the
state from running out of money."]
Google Voice Chatter Could Be a Legal Nightmare sci-tech-today.com 3/14/9
["In a widely reported interview, Marc Rotenberg, executive
director of the Electronic Privacy Information Center, said the
new service raises worrisome issues. "It raises two distinct
problems," he said. "In the privacy world, it is increased
profiling and tracking of users without safeguards. But the
other problem is the growing consolidation Relevant
Products/Services of Internet-based services around one dominant
company." "]
President Obama
to Nominate Pro-Abortion Margaret Hamburg as FDA Director lifenews.com 3/14/9
["Hamburg takes a pro-abortion position and ran New York
City's abortion counseling and family-planning centers for
former mayor Rudy Giuliani. The nation's largest city is also
the location of one of the highest abortion rates in the
country."]
Porn Lawyer Ogden Confirmed for Deputy Justice Spot, McCain
among Yes Votes lifesitenews.com 3/14/9
["The U.S. Senate yesterday confirmed David Ogden as the
next deputy attorney general, ignoring a flood of protest
against Ogden's extensive record in defending pornography. Sen.
John McCain (R-AZ) joined the senators in voting in favor of
Ogden, despite having been chief sponsor of the Children's
Internet Protection Act, an act designed to keep porn off public
library computers that Ogden opposed."]
The Journal is five months late calling life insurer peril dailyfinance.com 3/14/9
["As the Journal points out, life insurer stocks have
already taken a beating. The Dow Jones Wilshire U.S. Life
Insurance Index has fallen 59 percent since the beginning of the
year, leaving it down 82 percent since its May 2007 all-time
high. And 12 of them have applied for TARP money. "]
|
RecentNews |
North Carolina: Homeschoolers ordered into public classrooms
worldnetdaily.com 3/13/9
["The judge, when contacted by WND, explained his goal in
ordering the children to register and attend a public school was
to make sure they have a "more well-rounded education."
...According to Williams' website, the judge also ordered a
mental health evaluation for the mother – but not the father –
as part of the divorce proceedings, in what Williams described
as an attack on the "mother's conservative Christian beliefs." "]
Illinois "FOCA" Moves to House Floor - Would Eliminate All
Abortion Restrictions in State lifesitenews.com 3/13/9
["An Illinois bill enshrining abortion as a "right" and
introducing explicit sex education was approved by the Illinois
House Human Services Committee yesterday in a 5-2 vote. HB 2354,
proposed by state House Majority Leader Barbara Flynn Currie,
D-Chicago, states that the government shall not "deny or
interfere with an individual's right" to abortion and
contraception. The bill would nullify or prevent all
common-sense legal restrictions on abortion, including health
and safety regulations for abortion facilities, informed
consent, and parental notification laws."]
Half of Americans Are Two Paychecks Away from Hardship usnews.com 3/13/9
["Without a steady paycheck, 50% of Americans say they
could not meet their financial obligations for more than a month
— and, of that, a disturbing 28% couldn’t support themselves for
more than two weeks of unemployment."]
Obama Urges Global Economic Coordination voanews.com 3/13/9
["The president said his goals for the finance ministers'
meeting are to ensure that there is a "concerted effort around
the globe to jump-start the economy," and to move forward on
regulatory reform, to prevent future crises."]
Obama family looms large at women's panel launch breitbart.com 3/13/9
["as he signed an executive order creating the White House
Council on Women and Girls. ... The council will meet regularly,
he said, and will include Clinton, Secretary of the Treasury
Timothy Geithner, Secretary of Defense Robert Gates and Attorney
General Eric Holder among other members, Obama said. " Editor:
Horse Hockey. You would think these people would have enough
matters on their own plate. Ear candy for the masses.]
Dollar defies recipe for currency collapse telegraph.co.uk 3/13/9
["Let us count the woes. The banks have big foreign
liabilities, the deficit-ridden UK government has taken on most
of the risk in the banking sector, and the Bank of England is
going to add £75bn in fresh notes to the pool of sterling
assets. Who wants them? Not foreign investors. "]
Senate-Backed
Stimulus Bill Contains Birth Control Bailout for Planned
Parenthood lifenews.com 3/12/9
["The so-called economic stimulus bill the Senate approved on
Tuesday contains a bailout package for Planned Parenthood that
will give the abortion giant the ability to make hundreds of
millions of dollars selling birth control at an inflated rate."]
Obama
Administration Promotes Pro-Abortion Agenda at UN Women's
Meeting lifenews.com 3/12/9
["At the Commission on the Status of Women meeting at UN
headquarters, Obama representatives are pushing language that
can eventually be used to promote an international right to
abortion."]
Mexico Succumbs to International Pressure to Provide Abortions
in Public Hospitals lifesitenews.com 3/12/9
["Mexican health officials have acceded to the demands of
international pro-abortion organizations to require public
hospitals to provide abortions in cases of rape. Abortion is not
penalized in cases of rape in most Mexican states. However,
because of the high value placed on the sanctity of human life
in Mexican culture, such abortions rarely occur in practice."]
Congress May Need to Fund Another Stimulus, Pelosi Says washingtonpost.com 3/12/9
["Still, all four told lawmakers that there is a high
probability that more money will be needed later this year to
stabilize the banking system and, perhaps, to stimulate economic
activity more generally. "]
Canada: Military readies reservists for threats to 'domestic
front' nationalpost.com 3/12/9
["The creation of seven units within each region of the country
-- including unusual all-terrain vehicle (ATV) squadrons and
perimeter security teams to cordon areas of potential
devastation -- prepares reserve soldiers for operations on the
"domestic front" while freeing regular force soldiers to
concentrate on foreign battlefields."]
Scalia: You need 4 votes for Obama eligibility case worldnetdaily.com 3/12/9
["latest effort is a case of Quo Warranto submitted to U.S.
Attorney General Eric Holder. The legal phrase essentially means
an explanation is being demanded for what authority Obama is
using to act as president. An online constitutional resource
says Quo Warranto "affords the only judicial remedy for
violations of the Constitution by public officials and agents."
The plaintiffs allege Obama failed to submit prima facie
evidence of his qualifications before Jan. 20, 2009. "]
Bernanke Says
Regulatory Overhaul Needed cnbc.com 3/12/9
[""We must have a strategy that regulates the financial system
as a whole, in a holistic way, not just its individual
components," Bernanke said in a speech to the Council on Foreign
Relations. "]
Number of U.S. millionaires falls by a quarter reuters.com 3/12/9
["The number of American millionaires fell by more than a
quarter last year as the financial crisis decimated their
investments across the board, a report said on Wednesday."]
Despite Critics, Tax On Mileage Gaining Speed courant.com 3/12/9
["A bipartisan commission that Congress created said last week
that lawmakers should increase the gasoline tax by 10 cents per
gallon but begin shifting to a mileage tax."]
New York skips Internet, soda and other tax hikes reuters.com 3/12/9
["New York has scrapped a plan to impose taxes on Internet
downloads, clothing over $100 and non-diet sodas, a move that
had been aimed at closing a $14 billion state budget deficit,
Governor David Paterson and legislature leaders said on
Wednesday."]
Google ad service raises privacy fears timesonline.co.uk 3/12/9
["Google’s influence over our lives is set to grow further after
it anounced today that it will track millions of people as they
move through the internet in order work out what their interests
are. Using that information, it will then provide targeted
advertising to suit users' individual tastes. "]
Obama decries earmarks, signs law with 9,000 of them miamiherald.com 3/12/9
[" He said, however, that it was crucial for him to sign the
$410 billion bill as soon as it arrived at the White House from
Congress because it's needed to finance much of the government
for the rest of this fiscal year. It was largely written last
year but was held back while Republican George W. Bush was
president because he opposed it."]
Specter Says Nation on 'Brink of a Depression' abcnews.go.com 3/11/9 ["Specter,
R-Pa., said the nation's economic situation is more dire than
the public has been told, but did not elaborate. "Our economic
problems are enormously serious — more serious than is publicly
disclosed."]
Australia Also Drops Ban on Foreign Aid to Abortion Providers
after Obama Decision lifesitenews.com 3/11/9 ["President
Obama's decision to rescind the Mexico City Policy left
Australia as the only first-world country refusing to fund
international abortion promoting organizations with taxpayer
funds."]
President Obama
Also Kills Bush Executive Order for Adult Stem Cell Research lifenews.com 3/11/9 ["Instead
of signing the bill, President Bush issued an executive order to
press for more research into ways of obtaining embryonic stem
cells without harming human life. The order was intended to
ultimately fund research into alternatives" to destructive
embryonic stem cell research such as altered nuclear transfer
(ANT), "regression" (reverting differentiated cells into stem
cells), and other methods."]
A Ghostly Commercial Sprawl Drains Municipal Funds businessweek.com 3/11/9 ["Empty
offices, malls, and factories blight U.S. communities just when
they most need commercial real estate revenues the sites once
provided "]
Cracks in auto supply chain spreading detnews.com 3/11/9 ["The
next company to fall could be Van Buren Township-based Visteon
Corp., which owes $16 million today on a bond payment and is
widely believed to be on the bankruptcy bubble. But hundreds of
smaller suppliers could be forced into bankruptcy court, too, as
they struggle in the worst auto market in decades. "]
Gordon Brown's G20 summit risks global financial meltdown telegraph.co.uk 3/11/9 ["Lord
Malloch-Brown, a Foreign Office minister involved in the
preparations for next month's London summit of the G20
countries, said that meeting must produce a substantive plan to
rescue the world economy or there will be "disastrous" financial
consequences. "]
U.S. dollar replaced by ... digital gold? worldnetdaily.com 3/11/9 [""A
key concern is that the Obama administration's multi-trillion
dollar deficit spending could cause the dollar to collapse on
world currency markets since Obama has no alternative but to
finance federal budget deficits by instructing the U.S. Treasury
to sell debt securities, largely to foreign nations such as
China, Japan and the petrodollar nations of the Middle East," he
continued. Private-bank digital gold is a move away from
traditional fiat currencies issued by nation-states, such as the
dollar, where there is no backing by gold or silver, and the
currency has a floating value determined by world currency
exchanges. "]
Wikipedia scrubs Obama eligibility wnd.com 3/11/9 ["Wikipedia,
the online "free encyclopedia" mega-site written and edited
entirely by its users, has been deleting within minutes any
mention of eligibility issues surrounding Barack Obama's
presidency, with administrators kicking off anyone who writes
about the subject..."]
Debunking The Obamatoids newswithviews.com 3/11/9 ["The
squall of the obamatoids is getting louder and louder as we
learn more and more about Also Known As (AKA) Obama; as though
they can, by sheer volume, drown out the facts. With this in
mind, let’s look at the claims of the obamatoids."
Editor: Good review and overview of the subject.]
Next shoe to drop for U.S. job seekers: lower wages reuters.com 3/10/9 ["Job
seekers -- already coping with the highest unemployment rate in
a quarter century, their savings mugged by a plunging stock
market -- can also expect lower pay once they land a new job,
labor market experts say, because the current downturn shows no
signs of turning around anytime soon."]
More Americans say they have no religion google.com 3/10/9 ["The
current survey, being released Monday, found traditional
organized religion playing less of a role in many lives. Thirty
percent of married couples did not have a religious wedding
ceremony and 27 percent of respondents said they did not want a
religious funeral."]
Obama Unleashes Taxpayer Funds for Embryo-Destructive Research lifesitenews.com 3/10/9 ["The
National Institutes of Health (NIH), the U.S. government's
medical research agency, is expected to provide final guidelines
for the research within 120 days, after which point funding may
begin. The executive order came only days after nine
Congressmen urged congressional leaders to abandon embryonic
stem-cell research, which has proved dangerous and yielded no
therapeutic results. Instead, they said, the government should
invest in adult stem cells, a field that has shown enormous
potential and already cured or treated scores of ailments."]
Food
Safety Modernization Act of 2009 thomas.loc.gov 3/10/9 [""]
Senate Committee Ignores Outcry, Confirms Porn Lawyer citizenlink.org 3/10/9 ["The
Senate Judiciary Committee dealt a blow to cultural morals last
week by approving David Ogden's nomination for deputy attorney
general, meaning the full Senate could vote anytime. Sen. Arlen
Specter, the committee's ranking Republican, reportedly told
National Public Radio he had never seen so much opposition from
voters — 11,000 phone calls, letters and other contacts with the
committee."]
Pontiac [Michigan] may lay off all teachers detnews.com 3/10/9 ["Nearly
500 teachers in the Pontiac Public School District are reeling
as they prepare for layoff notices to all employees next week as
the struggling system tries to erase a deficit."]
Too big to fail? 5 biggest banks are 'dead men walking' miamiherald.com 3/10/9 ["Citibank,
Bank of America, HSBC Bank USA, Wells Fargo Bank and J.P. Morgan
Chase reported that their "current" net loss risks from
derivatives - insurance-like bets tied to a loan or other
underlying asset - surged to $587 billion as of Dec. 31. Buried
in year-end regulatory reports that McClatchy Newspapers has
reviewed, the figures reflect a jump of 49 percent in just 90
days."]
NK Threatens War Over Satellite Shootdown koreatimes.co.kr 3/10/9 ["The
statement comes as South Korea and the United States began their
annual war drill Monday, in what could be an indication that
North Korea may try to launch the supposed satellite during the
joint exercise that will continue through March 20, Yonhap News
Agency reported."]
Statician says US joblessness near Depression highs reuters.com 3/10/9 ["he
noted that the Depression peak itself may have been
underestimated because it was restricted to "non-farm" payrolls
at a time when agricultural labor still represented more than a
quarter of the economy."]
Famed pastor predicts imminent catastrophe worldnetdaily.com 3/9/9 ["David
Wilkerson, author of "The Cross and the Switchblade,"
...What we are experiencing now is not a recession, not even a
depression. We are under God’s wrath. In Psalm 11 it is written,
"If the foundations are destroyed, what can the righteous do?""]
Never waste a good crisis, Clinton says on climate
reuters.com 3/9/9 ["ecretary
of State Hillary Clinton told an audience Friday "never waste a
good crisis," and highlighted the opportunity of rebuilding
economies in a greener, less energy-intensive way."]
Obama's Radicalism Is Killing the Dow wsj.com 3/9/9 ["Mr.
Obama's $3.6 trillion budget blueprint, by his own admission,
redefines the role of government in our economy and society. The
budget more than doubles the national debt held by the public,
adding more to the debt than all previous presidents -- from
George Washington to George W. Bush -- combined. It reduces
defense spending to a level not sustained since the dangerous
days before World War II, while increasing nondefense spending
(relative to GDP) to the highest level in U.S. history. And it
would raise taxes to historically high levels (again, relative
to GDP). And all of this before addressing the impending
explosion in Social Security and Medicare costs."]
Court's ruling avoids detainee showdown freep.com 3/9/9 ["The
Supreme Court bowed out Friday of deciding whether the president
has the power to imprison people in the United States
indefinitely without a trial -- avoiding a showdown the Obama
administration did not want."]
UK: Parents face prosecution over school gay week protest telegraph.co.uk 3/9/9 ["Under
current laws parents can be prosecuted for failing to ensure
their children attend school. "]
Obama to Sign Executive Order Monday Opening Public Funding of
Embryonic Stem Cell Research lifesitenews.com 3/7/9 ["President
Barack Obama plans to rescind the Bush policy limiting federal
funding for embryo destructive research on Monday. The Bush
policy had allowed federal funding for experiments on already
existing lines of embryos, but forbade the funds from being used
to create new embryos for experimentation. "]
U.S. moves to rescind healthcare "conscience" rule
reuters.com 3/7/9 ["The
Obama administration moved formally on Friday to rescind a Bush
administration rule to protect health workers who refuse to
provide services and information on moral grounds, which had
inflamed abortion-rights advocates."]
Clinton: There will be a Palestinian state, Jerusalem will be
its capital israeltoday.co.il 3/7/9 ["On
Wednesday Clinton all but guaranteed that her government will
clash with Netanyahu's when she suggested in a joint press
conference with Palestinian leader Mahmoud Abbas that for
Washington, the division of Jerusalem is a foregone conclusion. "]
Alternative measures of labor underutilization bls.gov [i.e.
unemployed] 3/7/9 ["14.8[%]"]
Congress OKs stopgap bill to keep government open google.com 3/7/9 ["The
stopgap measure was needed because on Thursday night, Senate
Republicans unexpectedly put the brakes on the sweeping measure.
The so-called omnibus bill would award domestic agencies with
big spending increases and it also contains about 8,000 pet
projects sought by lawmakers."]
The
United Shame Of America
newswithviews.com 3/7/9 [By
Nancy Levant "We blame the democrats, we blame the
republicans, we blame the housing market, we blame imported oil
— fools that we are. We were given a governing structure, we
were told that would be hard to keep, and that people, in order
to remain free, were required to be the governing and
responsible parties to ensure liberty and freedom for all. We
didn’t want the job. So, once again, human history repeats its
constant pattern of constant theft. Government, once more, takes
everything from everyone and again recreates the slave-based
economy of power and force over most."]
Stimulus Cash to Spur Inflation, Commodity Rally: Chart of Day
bloomberg.com 3/7/9 ["“The
government has created a massive increase in the monetary base,
and it means we are entering a massive inflation cycle,” Pento
said in a telephone interview from Holmdel, New Jersey.
“Inflation will be intractable. All of these commodities will
start to act as an alternative to currency and start to pick up.
Gold should be the primary investment, and energy and base
metals should be secondary.” "]
Toyota Shock May Spur Supplier Failures Without Aid
bloomberg.com 3/7/9 ["Toyota
Motor Corp.’s production cuts will cause bankruptcies among
suppliers if Japan restricts aid to large manufacturers, the
country’s main car parts group said."]
Barack Obama's Teleprompter Addiction associatedcontent.com 3/7/9 ["Barack
Obama apparently cannot do off the cuff speaking and needs the
teleprompter to do the kind or oratory that used to make giddy
college coeds swoon during his campaign speeches. When Barack
Obama lacks the teleprompter, his speeches tend to be halting
and awkward." Editor: He is just a puppet, one
with charisma, but still a puppet.]
Supreme Court Strikes Down FDA Pre-Emption newswithviews.com 3/7/9 [By
Byron J. Richards, CCN "The FDA knows full well that
when a drug is approved for the market the full extent of the
side effects won’t be known for years. History shows us time and
again that Big Pharma actively hides risk data from the FDA and
pays for “science” that distorts reality. This irresponsible
behavior goes along with closed-door negotiations with the FDA,
and has resulted in numerous drug disasters like Vioxx."]
Speaker Pelosi Backs Senate Amendment to Regulate Talk Radio
cnsnews.com 3/7/9 ["Speaker
of the House Nancy Pelosi (D-Calif.) told CNSNews.com on
Thursday that she supports an amendment to a Senate bill that
would force the Federal Communications Commission (FCC) to “take
actions to encourage and promote diversity in communication
media ownership and to ensure that broadcast station licenses
are used in the public interest.”"]
Bank of England Cuts Rates, Starts Asset Purchases
bloomberg.com 3/7/9 ["Bank
of England Governor Mervyn King will take the unprecedented step
of printing money to buy assets after reducing the benchmark
interest rate by a half point to almost zero. "]
No alternative to hiking bank fees -- FDIC's Bair
reuters.com 3/6/9 ["The FDIC
last week passed an interim rule to further increase the fees it
charges banks to insure deposits and also approved a one-time
special assessment fee that will cost the industry $15 billion."]
Planned
Parenthood Ups Number of Abortion Centers, More Sell Abortion
Drug lifenews.com 3/6/9
["While Planned Parenthood cuts its total number of centers
providing non-abortion services, the number of abortion
facilities is in the rise. It jumped to 295 last year from 287
the year prior."]
One in 8 US homeowners late paying or in foreclosure
reuters.com 3/6/9 [" "While
California, Florida, Nevada, Arizona and Michigan continue to
dominate the delinquency numbers, some of the sharpest increases
we saw last quarter in loans 90 days or more delinquent were in
Louisiana, New York, Georgia, Texas and Mississippi, signs of
the spreading impact of the recession," said Jay Brinkmann.
Duress is no longer isolated to borrowers with lower credit
quality. As joblessness grew, so did late payments on prime
fixed-rate loans that represent two-thirds of mortgages."]
More U.S. consumers, businesses file for bankruptcy: reports
uk.reuters.com 3/6/9 ["The
number of U.S. consumers filing for bankruptcy jumped 29 percent
in February from the year earlier, and the number is expected to
keep rising as economic troubles deepen, according to the
American Bankruptcy Institute on Tuesday."]
President Obama's czar system concerns some latimes.com 3/6/9
["He has 'super aides' for healthcare, the economy, energy and
urban issues, with more to come -- prompting some lawmakers and
groups to worry that he may be concentrating power and bypassing
Congress."]
JPMorgan, Wells Fargo, Bank America Face Ratings Cuts bloomberg.com 3/6/9
["the three largest U.S. banks by market value, may face
credit-rating downgrades by Moody’s Investors Service amid signs
they’ll set aside additional cash for loan losses. "]
Venezuela's Chavez seizes U.S. food giant unit reuters.com 3/6/9
["seized a unit of American food giant Cargill on Wednesday and
threatened to take over Venezuela's largest private company,
renewing a nationalization drive as the OPEC nation's oil income
plunges."]
Second Liens Forgiven:
Are You Kidding Me? cnbc.com 3/6/9
["paragraph vi. Second Liens: While eligibly loan modifications
will not require any participation by second lien holders, the
program will include additional incentives to extinguish second
liens on loans modified under the program in order to reduce the
overall indebtedness of the borrower and improve loan
performance. Servicers will be eligible to receive compensation
when they contact second lien holders and extinguish valid
junior liens. Servicers will be reimbursed for the release
according to the specified schedule, and will also receive an
extra $250 for obtaining a release of a valid second lien. "]
Europe’s banks face a $2 trillion dollar shortage
telegraph.co.uk 3/6/9 ["The
BIS said European and British banks have relied on an “unstable”
source of funding, borrowing in their local currencies to
finance “long positions in US dollars”. Much of this has to be
rolled over in short-term debt markets. "]
Russian scholar says US will collapse _ next year google.com 3/5/9
["he is a dean at the Foreign Ministry's school for future
diplomats and a regular on Russia's state-guided TV channels.
...Panarin argued that Americans are in moral decline, saying
their great psychological stress is evident from school
shootings, the size of the prison population and the number of
gay men. Turning to economic woes, he cited the slide in major
stock indexes, the decline in U.S. gross domestic product and
Washington's bailout of banking giant Citigroup as evidence that
American dominance of global markets has collapsed."]
Baxter Sent Bird Flu Virus to European Labs by Error
bloomberg.com 3/5/9
["Baxter International Inc. in Austria unintentionally
contaminated samples with the bird flu virus that were used in
laboratories in three neighboring countries, raising concern
about the potential spread of the deadly disease. "]
ADP: Private Sector Sheds 697,000 Jobs wsj.com 3/5/9
["Private sector jobs fell 697,000 in the U.S. in February,
according to a national employment report published Wednesday by
payroll giant Automatic Data Processing Inc. and consultancy
Macroeconomic Advisers."]
Brown's call to US: Seize the moment to tackle world crisis
guardian.co.uk 3/5/9
["The prime minister's 36-minute speech won 19 standing
ovations but was, at crucial moments, received in silence on the
Republican side of the aisle as he made the case for a united
global effort to revive economies and to turn away from the Bush
doctrine on the environment. Brown said that during this
peacetime crisis it was the task of government as "the
representatives of the people to be the people's last line of
defence"."]
Oil
producers running out of storage space msnbc.msn.com 3/5/9
["Supertankers that once raced around the world to satisfy
an unquenchable thirst for oil are now parked offshore, fully
loaded, anchors down, their crews killing time. In the United
States, vast storage farms for oil are almost out of room. As
demand for crude has plummeted, the world suddenly finds itself
awash in oil that has nowhere to go."]
Bernanke Says U.S. May Need to Expand Bank Rescue
bloomberg.com 3/5/9
["Federal Reserve Chairman Ben S. Bernanke said policy
makers may need to expand aid to the banking system beyond the
$700 billion already approved and take other aggressive measures
even at the cost of soaring fiscal deficits. "]
Should the Govt Be Allowed toTrack You Via GPS? pcmag.com 3/5/9
["Should the government be able to surreptitiously install
GPS tracking devices on your vehicle without a warrant? The San
Francisco-based Electronic Frontier Foundation argued this week
that such activity is a violation of civil liberties."]
Radio chip coming soon to your driver's license?
worldnetdaily.com 3/5/9
["Privacy advocates are issuing warnings about a new radio
chip plan that ultimately could provide electronic
identification for every adult in the U.S. and allow agents to
compile attendance lists at anti-government rallies simply by
walking through the assembly. The proposal, which has earned the
support of Janet Napolitano, the newly chosen chief of the
Department of Homeland Security, would embed radio chips in
driver's licenses, or "enhanced driver's licenses." "]

Fallen Idols newswithviews.com 3/4/9
[By Sheriff Jim R. Schwiesow, Ret. "Where they have known
plenty they will know hunger and starvation, where they have
known wellness they will know pestilence and disease, where they
have known peace they will know strife and mind numbing
violence, where they have known prosperity they will know abject
impoverishment and wrenching want and where they have known
safety a holocaust and fiery destruction now awaits them. These
are the wages due a sin-laden people. ...Every outward and
visible sign is that Barack Hussein Obama has been predestined
to preside over the absolute destruction of this nation. "]
Grocers, name-brand food producers at odds over prices
latimes.com 3/4/9 ["The
nation's big grocery chains contend that food manufacturers have
raised prices too fast and too far, considering large drops in
prices for fuel, corn, wheat and other important commodities in
recent months."]
HSBC to end
US consumer lending, cut 6,100 jobs denverpost.com 3/4/9
["The U.S. market was at the heart of the company's decline in
net profit last year to $5.7 billion from $19.1 billion a year
earlier. "]
Pension bombs going off chicagobusiness.com 3/4/9
["Exploding pension fund shortfalls are blowing billion-dollar
holes in the balance sheets of some of the Chicago area's
biggest companies, forcing them to make huge contributions to
retirement plans at a time when cash flow and credit are already
under stress."]
Hidden Pension Fiasco May Foment Another $1 Trillion Bailout bloomberg.com 3/4/9
["The misleading numbers posted by retirement fund
administrators help mask this reality: Public pensions in the
U.S. had total liabilities of $2.9 trillion as of Dec. 16,
according to the Center for Retirement Research at Boston
College. Their total assets are about 30 percent less than that,
at $2 trillion. With stock market losses this year, public
pensions in the U.S. are now underfunded by more than $1
trillion. "]
6
months in, Freddie Mac CEO resigns denverpost.com 3/4/9
["Freddie reiterated Monday that it may ask for $30 billion to
$35 billion in Treasury capital as the company, along with
larger competitor Fannie Mae, struggles with deteriorating
credit quality. Freddie, which has reported about $30 billion in
losses over five quarters..."]
Obama suggests buying stocks, defends econ plan google.com 3/4/9
["The stock market slipped ever lower, and Republicans suggested
Obama was "cooking the books" in rosy recovery predictions."]
Plunging traveler demand sends air fares into free fall
detnews.com 3/4/9 ["For
domestic travelers, round-trip tickets are running about half of
what they were last summer. San Francisco beckons at a $240
round-trip; New York at $136, taxes included. Internationally,
flights are far off their usual summer peaks, as well.
..."Historically, we'd be in the booking cycle for summer right
now," he said. "Not so anymore. Consumers are nervous about
their jobs. They're waiting longer to book that vacation." "]
NASA's Chief Climate Scientist Stirs Controversy With Call for
Civil Disobedience foxnews.com 3/4/9
["But critics say Hansen's latest call to action blurs the line
between astronomer and activist and may violate the Hatch Act,
which prohibits federal employees from participating in partisan
political activity. ...Horner claimed that Hansen doctored
temperature data on two occasions in 2001 and once in 2007 in
attempts to show an impending climate catastrophe. "He's
creating an upward slope that really wasn't there," Horner said.
"At some point you have to say these aren't mistakes.""]
Japan prepares to shoot down North Korean missile telegraph.co.uk 3/4/9
["The Japanese Maritime Self-Defence Force has equipped a number
of its Aegis destroyers with the Standard Missile-3 interceptor
system, which has proved successful in tests conducted with the
US military. Pyongyang has stated that it plans to launch a
satellite into orbit from a site on the east of the Korean
Peninsula, claiming it has the right to do so."]
Reports: Toyota asking for Japan government loan detnews.com 3/4/9
["Toyota has asked for a 200 billion yen ($2 billion) Japanese
government loan, local media reports said Tuesday, as the
world's top automaker projects its first yearly net loss in
nearly six decades."]
US hospital profits fall to zero reuters.com 3/3/9
["Plunging revenues from investments have forced median profit
margins for U.S. hospitals to zero, according to a Thomson
Reuters analysis of hospital finances published on Monday. And
half of the more than 400 hospitals studied are losing money,
the analysis found."]
What
Happens When The Whole Economy Sinks Underwater?
jonchristianryter.com 3/3/9
[By Jon Christian Ryter "The tsunami-like impact will
closely resemble what happens to a home owner with a mortgage
that is construed to be underwater—only on a much grander, and
much more devastating, scale. When the balance owed on the
home's mortgage exceeds the appraised value of the home, that
mortgage is said to be underwater. Conversely, when the
aggregate sum of the debts owed by a nation to its creditors
exceed the ability of the nation to repay those debts, one can
honestly say that nation is "underwater" and risks becoming a
21st century version of Atlantis."]
States mull 'skin tax' on porn, strip clubs to help budgets, but
free-speech impact questioned startribune.com 3/3/9
["In Washington state, a half-dozen cash-strapped legislators
recently endorsed a huge sales tax increase on explicit movies,
magazines and other sex-themed products."]
Rough
Recession Tests Brothel Boundaries abcnews.go.com 3/3/9
["Nevada State Sen. Bob Coffin said there is a $2 billion budget
shortfall and proposed cuts that include teacher salaries have
left Nevada with little choice but to get creative. "People are
licensed to gamble," Coffin said. "They are licensed to sell
cigarettes. They are licensed to sell alcohol. Why not license
everything we consider a vice."" Editor: Proverbs
6:26 reminds us, "For by means of a whorish woman a man is
brought to a piece of bread: and the adulteress will hunt for
the precious life."]
Congresswoman wants to end 'don't ask, don't tell'
mercurynews.com 3/3/9 ["Rep.
Ellen Tauscher, a Walnut Creek Democrat with close ties to the
military, is introducing a bill this week to end the restriction
on gays in the armed services. Under current policy, gays may
serve only if they keep their sexual orientation private, and
commanders and recruiters are barred from asking questions about
their sexuality."]
Obama's Plan For Gun Control newswithviews.com 3/3/9
[By Jim Kouri "CCRKBA Chairman Alan Gottlieb, reacting to
Thursday's remarks by Obama's Attorney General Eric Holder that
the president will seek to reinstate the ban on semi-automatic
firearms, said Obama "knew he was lying to the nation because
his own web site touted his plan to revive the gun ban and make
it permanent." "]
Dallasites turn in 147 guns in exchange for grocery cards
dallasnews.com 3/3/9 ["Those
who came had various reasons for participating. Some said their
guns had been handed down but never used. Others didn't want the
guns around their kids. And some wanted money for groceries. "]
Dow finishes below 7,000 for first time since '97 google.com 3/3/9
["The Dow Jones industrial average plummeted below 7,000 at the
opening bell and kept driving lower all day, finishing at 6,763
— a loss of nearly 300 points. Each of the 30 stocks in the
index lost value for the day. ...For the year, the Dow has
lost 23 percent of its value."]
China Goes on a Smart Shopping Spree time.com 3/3/9
["Recent deals with Brazil and China highlight Beijing's ability
to use loans a means of securing energy supplies. ...China
offered large cash amounts in a tight credit market, but rather
than require that the loans be serviced and repaid in cash,
Brazil and Russia will repay the loans in crude oil supplies to
China over the next two decades."]
Cost of locking up Americans too high - Pew study
reuters.com 3/3/9 ["One in
every 31 U.S. adults is in the corrections system, which
includes jail, prison, probation and supervision, more than
double the rate of a quarter century ago, according to a report
released on Monday by the Pew Center on the States."]
Microsoft goes intercontinental via cloud and Surface
google.com 3/3/9 ["Surface
computers feature multi-touch and object-sensing screens in
table-top designs, allowing people to work collaboratively. They
can also allow businesses to automatically track what comes and
goes. For example, a bottle of wine could be placed on a surface
computer table in a cafe, with the price instantly posted to a
customer's tab."]
Ukraine teeters as its citizens blame banks and government
iht.com 3/3/9 ["Steel and
chemical factories, once the muscle of Ukraine's economy, are
dismissing thousands of workers. Cities have had days without
heat or water because they cannot pay their bills, and Kiev's
subway service is being threatened. Lines are sprouting at
banks, the currency is wilting and even a government default
seems possible."]
EU leaders open door to fast-track euro membership
google.com 3/2/9 ["Several EU
leaders on Sunday opened the door for the first time to the
possibility of fast-track membership of the eurozone, while
ruling out a relaxation of the tough rules for adopting the
currency."]
Washington state to allow `dignity' deaths google.com 3/2/9
["Terminally ill patients with less than six months to live will
soon be able to ask their doctors to prescribe them lethal
medication in Washington state. ...It became the second state,
behind Oregon, to have a voter-approved measure allowing
assisted suicide."]
California used to check prez candidates' eligibility
worldnetdaily.com 3/2/9 ["A
California lawsuit seeking documentation from Occidental College
that could verify the nationality under which Barack Obama
entered the school points out that the state formerly reviewed
presidential candidates and disqualified those who were
ineligible. "]
U.S. Is Said Set to Offer A.I.G. Up to $30 Billion More
nytimes.com 3/2/9 ["The
federal government is preparing to loosen the terms of its huge
loan to the American International Group and provide another $30
billion to the insurer as it prepares to report the biggest
quarterly loss in history on Monday, $62 billion, people
involved in the discussions said Sunday night."]
Brown seeks 'global grand bargain' to save world economy
google.com 3/2/9 ["He said
there was European "consensus" that united action was required
to tackle the deepening recession. The grand bargain should
include new regulatory standards for financial markets and
cross-border supervision of financial institutions, including
hedge funds, he told reporters in Brussels."]
Feds will help with COBRA payments bizjournals.com 3/2/9
["The federal government will subsidize 65 percent of the cost
of health insurance through COBRA for workers who lost their
jobs between Sept. 1, 2008 and Dec. 31, 2009."]
Might U.S. workers come to like a shorter workweek? iht.com
3/2/9 ["In California,
235,000 state workers are taking off two days a month. In
Atlanta, City Hall is now closed on Fridays. In January, 6.9
million Americans were working part time "because of slack work
or business conditions," more than double the number two years
earlier, according to the U.S. Bureau of Labor Statistics."]
EU leaders hold economic crisis summit google.com 3/2/9
[" The financial and economic turmoil has clobbered eastern and
central European countries particularly hard because their
economies are highly dependent on a steady stream of credit from
western sources, which has all but dried up recently."]
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