Federal Reserve Chairman Ben S. Bernanke said he regretted not saying in congressional testimony shortly after the failure of Lehman Brothers Holdings Inc. in 2008 that the central bank had no authority to save the firm.
The testimony at the time “has supported this myth that we did have a way of saving Lehman,” Bernanke said today in response to questions during a Financial Crisis Inquiry Commission hearing in Washington. “I regret not being more straightforward there because clearly it has supported the mistaken impression that in fact we could have done something.”
Bernanke Says He Wasn't `Straightforward' on Lehman
Stephen Hawking: God did not create Universe
There is no place for God in theories on the creation of the Universe, Professor Stephen Hawking has said. He had previously argued belief in a creator was not incompatible with science but in a new book, he concludes the Big Bang was an inevitable consequence of the laws of physics.
The Grand Design, part serialised in the Times, says there is no need to invoke God to set the Universe going. "Spontaneous creation is the reason there is something," he concluded.
Gates: Iraq outcome 'will always be clouded by how it began'
"The problem with this war for, I think, many Americans is that the premise on which we justified going to war proved not to be valid, that is Saddam having weapons of mass destruction," Defense Secretary Robert Gates told reporters as he hopped from one stripped-down U.S. military base to another greeting American troops.
More War Lies
Lies aren't used just to start wars, but also to escalate them, continue them, and even reduce or end them. And we got a pile of war lies from the president Tuesday evening.
Obama claimed the war on Iraq was initially a war to disarm a state. Really? And then "terrorist" Iraqis attacked our troops in their country. Yet if they had done that in our country, I suspect they would still be the terrorists. And then it became a civil war which we were innocently caught up in. Uh huh.
Why Do Newspapers Avoid The Population Equation?
Have you ever noticed why the media deliberately, methodically and systematically avoids the 'population equation'? Why do they avoid, evade, ignore and suppress the core cause of water shortages, air pollution and a litany of our problems? Their own kids will be 'drowning' in the consequences, yet they steadfastly will not interview anyone that talks about overpopulation.
When Will We See the Next Mass Murder?
Here’s a news flash for Tel Aviv: it’s not a sign of respect when the bulk of humanity views you as psychopathic.
The concerns of Prime Minister Benjamin Netanyahu are misplaced. The legitimacy of Israel is no longer threatened. It’s already lost. Long gone. Kaput.
Focus On The Family: Anti-Bullying Efforts Are A Gay Front
Focus on the Family has a message for gay rights activists: stay off the playground. Candi Cushman, an education analyst for the James Dobson-founded group, told The Denver Post this weekend that gay rights advocates have inserted their agenda into anti-bullying efforts, at the expense of Christian values.
"We feel more and more that activists are being deceptive in using anti-bullying rhetoric to introduce their viewpoints, while the viewpoint of Christian students and parents are increasingly belittled," Cushman told the Post.
Fidel Castro takes blame for persecution of Cuban gays
Fidel Castro has said that he is ultimately responsible for the persecution suffered by homosexuals in Cuba after the revolution of 1959. The former president told the Mexican newspaper La Jornada that there were moments of great injustice against the gay community.
"If someone is responsible, it's me," he said. In the 1960s and 70s, many homosexuals in Cuba were fired, imprisoned or sent to "re-education camps".Mr Castro said homosexuals had traditionally been discriminated in Cuba, just as black people and women.
Border Patrol agents now board Amtrak train miles from border
The Lake Shore Limited runs between Chicago and New York City without crossing the Canadian border. But when it stops at Amtrak stations in western New York State, armed Border Patrol agents routinely board the train, question passengers about their citizenship and take away noncitizens who cannot produce satisfactory immigration papers.
“Are you a U.S. citizen?” agents asked one recent morning, moving through a Rochester-bound train full of dozing passengers at a station outside Buffalo. “What country were you born in?”
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