Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of thin air to buy mortgage backed securities. This shocking admission came from the Joint Economic Committee hearing on Capital Hill last week. I was dumbfounded when I saw Bernanke shake his head in the affirmative as Representative Ron Paul said, “Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system.” I was amazed he admitted this. I looked up the original hearing on C-Span to make sure the clip was not edited. It was not.
Bernanke Admits Printing $1.3 Trillion Out Of Thin Air
Israel's tyranny of the majority is dangerous
The only democracy in the Middle East is perhaps unique, but it's doubtful if it's the real thing. Results of a poll published in Haaretz yesterday reflect what has been known for a long time: a combination of ignorance, a basic lack of understanding and a fascist mood. An ill and dangerous wind is blowing toward a government that is threatened with collapse.
Iceland has longest-lived men, U.S. scores poorly
AIDS, smoking and obesity are reversing progress made in helping people live longer around the world, with mortality rates worsening over the past 20 years in 37 countries, researchers reported on Thursday.
They found Icelandic men have the lowest risk of premature death, while Cypriot women do. Some rich countries such as the United States and Britain scored relatively poorly, the survey found.
CA Voters Tricked Into Registering As Republicans With Pot Petition
Orange County authorities are launching an investigation into possible voter registration fraud after a local newspaper reported over a hundred cases of voters being tricked into registering as Republicans by petitioners who asked them to sign petitions for, among other causes, legalizing pot.
Goldman boss Lloyd Blankfein denies moral obligation towards clients
The stark admission – made by the bank's chairman at the end of a more than nine-hour marathon hearing before the US Senate – came in spite of his assertion that "I think people trust us" as he tried to fend off accusations that Goldman inflated the US housing bubble.
Legal questions raised over CIA drone strikes
Is the CIA's secret program of drone strikes against terrorists in Pakistan and Yemen a case of illegal assassinations or legitimate self defense?That was a central question Wednesday as the program came under fire from several legal scholars who called for greater oversight by Congress, arguing the attacks may violate international law and put intelligence officers at risk of prosecution for murder in foreign countries.
Over 170 U.S. Companies Call on Senators To Get Energy and Climate Legislation 'Back on Track'
Over 170 businesses from around the country sent a letter to Senate Majority Leader Reid and his Senate colleagues today calling on the Senate to continue working to enact comprehensive climate and energy legislation this year. The letter was brought together by the We Can Lead coalition, a project of the Clean Economy Network (CEN) and Ceres.
A Middle East Peace That Could Happen (But Won't)
The U.S. and Israel have been acting in tandem to extend and deepen the occupation. In 2005, recognizing that it was pointless to subsidize a few thousand Israeli settlers in Gaza, who were appropriating substantial resources and protected by a large part of the Israeli army, the government of Ariel Sharon decided to move them to the much more valuable West Bank and Golan Heights.Alleged torture may bar Canadian's confessions
Accused war criminal Omar Khadr says his U.S. captors suffocated him with a bag, terrorized him with barking dogs and threatened him with rape if he didn't cooperate with interrogators. All of it, he says, happened while he was a teenager in U.S. custody. Pentagon prosecutors dispute every word of it.
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