While the People Slept, the Tsunami Crept
Jason Hamlin
The last six months has wiped out 12% of the value of the S&P500 and shaved a full 18% off the NASDAQ. During this same time period, gold has increased by 45% and silver by 63% (2/27, 2:00 am PST). Yes, those are 6-month returns, not annualized. In […]

Angela Balakrishnan
Friday February 29 2008
The prospect of a banking failure in the US was raised yesterday by the Federal Reserve chairman, Ben Bernanke, as the dollar plunged to a record low against the euro and gold surged to an all-time high.

By Abigail Moses
Feb. 29 (Bloomberg) — Financial firms are likely to face at least $600 billion of losses as the crisis triggered by the collapse of subprime mortgages batters banks, brokers and insurers, UBS AG analysts said.
Banks and brokers stand to lose $350 billion, according to estimates from the global banking unit of UBS, […]

By Andreas Hippin
Feb. 29 (Bloomberg) — Stocks fell in Europe and Asia, trimming their first monthly gains since October, as financial companies and carmakers dropped on mounting concern the U.S. economy is slipping into a recession. U.S. index futures slid.

Electronic tattoo display runs on blood
by Lisa Zyga
Jim Mielke’s wireless blood-fueled display is a true merging of technology and body art. At the recent Greener Gadgets Design Competition, the engineer demonstrated a subcutaneously implanted touch-screen that operates as a cell phone display, with the potential for 3G video calls that are visible just underneath the […]

Friday, February 29, 2008
U.S. military scientists are trying to develop a system for ensuring that microchips used in defense equipment are not compromised by the nation’s enemies.
The Defense Advanced Research Projects Agency recently awarded contracts to three companies for the first phase of the Trust in Integrated Circuits Program.

by Rebecca Sato
February 28, 2008
The Department of Homeland Security recently announced the development of futuristic sounding technology with a bizarre “Minority Report” twist. The criminals they’re looking for haven’t committed a crime yet.

Patrick Briley
February 28, 2008
Jerome Corsi was a candidate for the Presidential nomination of the Constitution Party in 2007. Mr. Corsi has written numerous articles for WorldNetDaily concerning establishment of global regional trading blocks such as the NAU and EU for world governance.

THE END OF THE CLINTON BRAND
By: John LeBoutillier
February 29, 2008
We are witnessing history: the end of the Clinton Brand as the dominant, ruling class of the Democratic Party.
She will lose Texas next week - and probably Ohio, as well. That will be the end of her campaign - even if she doesn’t yet want to […]

By: Roderick T. Beaman
February 29, 2008
Let’s just suppose for a few minutes that libertarians actually won an election. We can consider either of two scenarios. They would consist of a clean sweep of both houses of Congress, with or without a libertarian president. We could just have a simply friendly president. What would really be […]

‘People who say bad guys will stop because of 1 more law are full of it’
By Bob Unruh
February 28, 2008
When sexual assaults started rising in Orlando, Fla., in 1966, police officers noticed women were arming themselves, so they launched a firearms safety course for them. Over the next 12 months, sexual assaults plummeted by 88 […]

Dozens of tanks, artillery battery positioned just north of Gaza to reinforce infantry, engineering corps forces already inside Strip ahead of possible large-scale ground operation. PM returns from Japan, updated on Grad, Qassam rocket attacks on Ashkelon

The United States has ordered a warship to take up position off the coast of Lebanon in a show of support for the country’s embattled government.
28 February 2008
The deployment of the USS Cole is being seen as a warning to Syria which - along with Iran - backs the opposition.

By Joseph L. Galloway
February 28, 2008
When George W. Bush disappears out the door of the White House, he’ll leave his successor a long list of horrendous problems, not least of them a Defense Department budget of more than $518 billion that doesn’t even include another $170 billion or so to continue funding a year […]

By Bill Bonner
February 28th, 2008
Occasionally we turn to the editorial pages. Perhaps we are feeling guilty about something and in need of punishment. Or maybe we are just looking for a laugh. On this latter quest, we are usually disappointed. We have not seen a column by Thomas L. Friedman for months.

“The establishment of the world community will surely exact a price - and who can tell what that price may be? - in toil, suffering, and blood.”
By Daniel Taylor
Thursday, February 28, 2008
Advancing globalization and trends to world governance have become regular headlines throughout the world. As these trends continue, resistance to losses of sovereignty and […]

Seen for what he is by the people and hung out to dry by the elite, Clinton has lost his marbles
Steve Watson
Thursday, Feb 28, 2008
In the vain of an emperor or dictator in his last days, Bill Clinton is losing his mind and lashing out. The past few months have seen him make […]

By Nesa Subrahmaniyan
Feb. 29 (Bloomberg) — Crude oil climbed to a record for a fourth day after the dollar dropped to an all-time low against the euro, extending a three-day rout and prompting investors to buy commodities as an inflation hedge.
Increased investor demand for oil coincided with reports of lower Nigerian production, a disruption […]

Record-High Ratio of Americans in Prison
By DAVID CRARY
Feb 28, 6:42 PM (ET)
NEW YORK (AP) - For the first time in U.S. history, more than one of every 100 adults is in jail or prison, according to a new report documenting America’s rank as the world’s No. 1 incarcerator. It urges states to curtail corrections spending […]

February 27, 2008
Mr. Chairman,
A topic that is on the lips of many people during the past few months, and one with which I have greatly concerned myself, is that of moral hazard. We hear cries from all corners, from politicians, journalists, economists, businessmen, and citizens, clamoring for the federal government to intervene […]

By Tom Engelhardt and Frida Berrigan
February 28, 2008
In the week that oil prices once again crested above $100 a barrel and more Americans than at any time since the Great Depression owed more on their homes than the homes were worth; in the year that the subprime market crashed, global markets shuddered, the previously […]

By Alex Spillius
28/02/2008
A trade deal signed by her husband has returned to haunt Hillary Clinton as she tries to win working-class support in Ohio.
Voters in the run-down industrial state have not been slow to remind the former First Lady that they blame the 1994 North American Free Trade Agreement (Nafta) for a decline that has […]

Loren Coleman
Thursday, February 28, 2008
On the half-month anniversary of the NIU shootings, the volume of rampage-style shootings and school violence stories have been on the increase. Yesterday, February 27, 2008, was no exception, with new incidents in Tennessee, Arkansas, and California, sweeping across the nation, from time zone to time zone.

By Michael James
On the Border of Switzerland
2-28-8
———-
“The European Union is a ‘monster’ that must be destroyed, the sooner the better. Nothing will happen and no-one will go to jail. Today you can still do that. But I do not know what the situation will be tomorrow.” ­ Vladimir Bukovsky

by Ron Paul
Statement to the House Banking Committee, February 26, 2008
Mr. Chairman,
Price controls are almost universally reviled by economists. The negative economic consequences of price floors or price ceilings are numerous and well-documented. Our current series of hearings have been called to discuss the most important, but least understood, price manipulation in the […]

Feb 28, 2008
To show you how having a strong currency is so nice from an inflationary viewpoint, let’s take a little walk over to The Economist magazine, maybe stopping by the candy vending machine on the way, and maybe depositing coins of a depreciating currency in exchange for something comforting in the chocolate family, […]

Roland Watson
Feb 28, 2008
As readers may know, silver has put in a sterling performance this week and has outperformed gold into the bargain. The prediction that silver will eventually outperform gold as the precious metal bull market reaches a new zenith point is being fulfilled before our very eyes.

By Crayton Harrison
Feb. 28 (Bloomberg) — Sprint Nextel Corp., the third- biggest U.S. wireless carrier, posted a $29.5 billion loss and eliminated its dividend as customers defected and it wrote down the value of the purchase of Nextel Communications Inc.

By Lauren Coleman-Lochner
Feb. 28 (Bloomberg) — Sears Holdings Corp., the retailer controlled by investor Edward Lampert, reported fourth-quarter profit that plunged more than analysts projected after appliance and clothing sales declined.
Net income fell 47 percent to $426 million, or $3.17 a share, in the three months ended Feb. 2 from $811 million, or […]

As the price of spring wheat soars on the American exchanges, the global phenomenon of ‘agflation’ appears to be intensifying.
By Sean O’Grady
In Pakistan, the prohibitive price of tea became an election issue; the Chinese Communist Party’s politburo frets about how long it may be before its poor can afford to eat pork again; Mexican […]

by Christopher Westley
William Buckley seemed to relish in writing obituaries.
In fact, the death of a Milton Friedman or a Strom Thurmond or even of an obscure Manhattan socialite would provide a forum for Buckley to write about, well, himself – about how witty he once was in that person’s company, or how important he came […]

The Political Trial of Don Siegelman
Don Siegelman, a popular Democratic governor of Alabama, a Republican state, was framed in a crooked trial, convicted on June 29, 2006, and sent to Federal prison by the corrupt and immoral Bush administration.

by Garry Reed
27 February 2008
You’re listening to WIMP radio, 9.11 on your dial, the All Threat All the Time station where our programming format aims to keep everyone in a perpetual state of fear. So stay in bed and pull the covers up over your heads.

by William S. Lind
February 28, 2008
If the Balkans had an anthem, it would be that 1950’s doo-wop hit, “Fools rush in, where angels fear to tread.” The latest Balkan fools are the United States and the European Union, which have rushed in to recognize what Serbian Prime Minister Vojislav Kostunica rightly calls the “fake […]

By Jerry Seper
February 27, 2008
The Department of Homeland Security spent $20 million on a “virtual fence” to better secure 28 miles of the Arizona-Mexican border but has no way to measure its effectiveness and never consulted with the field agents who will use the system before it was installed, two House subcommittees learned today.

U.S. Retooling High-Tech Barrier After 28-Mile Pilot Project Fails
By Spencer S. Hsu
Thursday, February 28, 2008
The Bush administration has scaled back plans to quickly build a “virtual fence” along the U.S.-Mexico border, delaying completion of the first phase of the project by at least three years and shifting away from a network of tower-mounted sensors and […]

Patrick Cockburn
Wednesday, 27 February 2008
Iraq is disintegrating faster than ever. The Turkish army invaded the north of the country last week and is still there. Iraqi Kurdistan is becoming like Gaza where Israel can send in its tanks and helicopters at will.

By Warren P. Strobel
February 27, 2008
WASHINGTON — The State Department’s new embassy construction chief has rejected his predecessor’s certification that the $740 million new U.S. embassy in Baghdad is “substantially completed” and has instead begun a top-to-bottom review of the troubled project.

By Steve Lannen
February 27, 2008
BAGHDAD — Iraq’s three-man presidency council Wednesday announced that it’s vetoed legislation that U.S. officials two weeks ago hailed as significant political progress.
Also Wednesday, U.S. Secretary of Defense Robert Gates said he hoped that Turkey’s incursion into northern Iraq to fight Kurdish rebels would last a “week or two” but […]

Jim Kirwan
2-27-8
The landscape of American political life was created as one huge political distortion based on lies and half-truths that successfully destroyed the ability of most Americans to accurately determine who we were, as well as what we have become.

By Bill Bonner
February 27th, 2008
The “ultimate sell signal,” is how our old friend Bill Donoghue describes it.
“Government’s lone fiscal watchdog resigns,” is the relevant headline. It refers to David Walker, head of the Government Accountability Office. Mr. Walker has been alarmed at the growing indebtedness of the U.S. government for a long time. He […]

Timing the next bull: Kick-start it in 2008? Or is it a long secular bear?
By Paul B. Farrell
ARROYO GRANDE, Calif. (MarketWatch) — Remember that hot 1973 Stealer’s Wheel song marking the end of the Nixon era? “‘Cause I don’t think that I can take anymore. Clowns to the left of me, jokers to the right, […]

by Dmitry Orlov
Elizabeth Kübler-Ross defined the five stages of coming to terms with grief and tragedy as denial, anger, bargaining, depression, and acceptance, and applied it quite successfully to various forms of catastrophic personal loss, such as death of a loved one, sudden end to one’s career, and so forth.

By Greg Evensen
February 27, 2008
I have waited an extra week to see if the following letter would generate any response from those in authority over us. I have been grievously disappointed, but not at all surprised. To the hundreds of you who so graciously and forcefully responded, all I can offer you is deep gratitude […]

The cost of March spring wheat hit $24 a bushel Monday, double its cost two months ago.
By Ron Scherer
February 27, 2008
New York - Dressed in his white apron and baker’s hat, Jose Espinal puts the finishing touches on a chicken pot pie that will be sold to customers of Cucina & Co. later in […]

To show you how having a strong currency is so nice from an inflationary viewpoint, let’s take a little walk over to The Economist magazine, maybe stopping by the candy vending machine on the way, and maybe depositing coins of a depreciating currency in exchange for something comforting in the chocolate family, perhaps with nuts, […]

By Jad Mouawad
February 27, 2008
Gasoline prices, which for months lagged the big run-up in the price of oil, are suddenly rising quickly, with some experts fearing they could hit $4 a gallon by spring. Diesel is hitting new records daily and oil closed at an all-time high on Tuesday of $100.88 a barrel.

Suzy Jagger
February 27, 2008
The steepest slide in American house prices for 21 years and a disastrous outlook for consumer confidence prompted Wall Street to assume yesterday that the US Federal Reserve will slash interest rates by at least half a percentage point within three weeks.

by W. James Antle III
February 27, 2008
This is the final installment in a four-part symposium on the Ron Paul movement. John Derbyshire, Justin Raimondo, and Paul Gottfried have made previous contributions.
A colleague, for whom paleoconservatism is as esoteric as paleontology, recently inquired into the mood of Ron Paul supporters: Do they view his campaign […]

by Jacob G. Hornberger
February 26, 2008
One of the silliest campaign attacks so far has come out of Bill Kristol, a neo-conservative who now has a regular column in the New York Times. Pulling out the old “patriotism” canard from his neo-con campaign playbook, Kristol takes Barack Obama to task for refusing to wear a flag […]

By Joel S. Hirschhorn
Never have so many hoped for so much because of rollicking rhetoric and pulsating platitudes. A tsunami of hope has plunged America into electoral euphoria. In its path is the wreckage of critical thinking about what ails the US and what bold, revolutionary actions are needed.

US whistleblower Daniel Ellsberg raps those aware of Bush’s violations of the Constitution, saying they should speak out and save lives.
“When they keep silent about their knowledge of that situation, they are themselves violating their oath to support and defend the Constitution,” Ellsberg said in an interview with City Pages.

by Llewellyn H. Rockwell, Jr.
If the political prediction markets are right, we are going to end up with a presidential contest between two people who agree on the pressing need to expand the entire welfare-warfare state. They can argue about priorities, but they agree on the overall goal. With the campaign lacking serious issues, something […]