The unprecedented deficit figures flow from the deep recession, the Wall Street bailout and the cost of President Barack Obama's economic stimulus bill — as well as a seemingly embedded structural imbalance between what the government spends and what it takes in.
TVNL Comment: And who lends the US money? The Federal Reserve; A private bank that is in essence nothing more than a money printing loan shark.
Speaking on a Sunday talk show, former Vice President Dick Cheney continued to attack President Barack Obama for releasing Bush memos that authorized waterboarding and other harsh interrogation tactics that may have amounted to torture. Cheney wants Obama to release more memos that he says will prove valuable intelligence was gleaned from the questionable interrogation tactics.
Former CIA special agent Jack Rice called Cheney “hypocritical” for calling for the release of memos after leaving office. “If he wanted to release these before [leaving office] he could have,” said Rice.
If the Finance Minister really wants to know the depth of this "global economic firestorm", all he has to do is to ask the people who created it.
About 150 of the world's most influential powerbrokers in government, industry, banking, media and academia are meeting from May 14 to 17 at the Nafsika Astir Palace Hotel in Vouliagmeni, Greece.
This group is called the Bilderberg Group and operates under the Chatham House rules -- meaning that no details of whatever has been discussed can ever be leaked to the media.
It is behavior well known to every police investigator: First the suspect denies everything, then attacks his interrogators, then admits to a small portion of the accusations (saying he merely did what everyone does), and finally breaks down and confesses.
The Israel Defense Forces returned from Operation Cast Lead and, of course, denied everything. The people applauded it for its bogus victory and no one paid much attention to the awful price paid by the Palestinians.
The Arabic media is ablaze with the news that Ibn al-Shaykh al-Libi, the emir of an Afghan training camp — whose claim that Saddam Hussein had been involved in training al-Qaeda operatives in the use of chemical and biological weapons was used to justify the invasion of Iraq — has died in a Libyan jail. So far, however, the only English language report is on the Algerian website Ennahar Online, which reported that the Libyan newspaper Oea stated that al-Libi (aka Ali Abdul Hamid al-Fakheri) “was found dead of suicide in his cell,” and noted that the newspaper had reported the story “without specifying the date or method of suicide.”
Paleontologists say a 75-million-year-old turtle fossil uncovered in southern Utah has a clutch of eggs inside, making it the first prehistoric pregnant turtle found in the United States.
At least three eggs are visible from the outside of the fossil, and Montana State University researchers this week have been studying images taken from a CT scan in search of others inside.
TVNL Comment: Shhh......don't show this to the next round of GOP Presidential candidates!
Alan Keyes, who lost to Barack Obama in a U.S. Senate race, was arrested Friday protesting President Obama's invitation to speak at Notre Dame in Indiana.
Keyes and 20 others were charged with trespassing, Dennis Brown, a spokesman for the Catholic university, said. Brown said the university has a long-standing policy that only student-led demonstrations are allowed on campus with approval from the office of student affairs.
The tilt of American policy in favor of the finance industry -- reflected in the policies of recent Treasury Secretaries Timothy Geithner, Henry Paulson and Robert Rubin -- cannot be attributed to any one person or institution. The industry flexes unsurpassed muscle in the political system, backed by billions of dollars invested in candidates and lobbying, a vast grassroots lobbying network of local bankers, the growing centrality of finance in the national economy, and widespread acceptance among public officials of a pro-market, deregulatory philosophy.
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