Archive for May 12th, 2010

Pensacola News The amount of oil gushing from BP’s Deepwater Horizon oil disaster is five times more than what the oil company and the U.S. Coast Guard are currently estimating, said a Florida State University oceanography professor on Saturday. At an oil spill environmental forum at the Hilton Pensacola Beach Gulf Front, Ian MacDonald... »

by Tyler Durden ZeroHedge.com 05/12/2010 Earlier we noted that the Austrian mint was on its way to depleting its gold reserves following “panicked buying” from Europeans, who now openly fear the demise of their currency. Now, courtesy of Slim Beleggen, we understand that the situation in the silver market is just as bad and... »

by Tyler Durden ZeroHedge.com 05/12/2010 Well, if nothing else, we now know officially just how great those tax receipts were. Good thing too – we can end that whole superficial tax receipt debate and focus on important things. April’s tax deficit of $83 billion was the highest April deficit on record. America is now... »

By Terence P. Jeffrey CNSNews.com Solicitor General Elena Kagan, nominated Monday to the U.S. Supreme Court by President Barack Obama, told that court in September that Congress could constitutionally prohibit corporations from engaging in political speech such as publishing pamphlets that advocate the election or defeat of a candidate for federal office. Kagan’s argument... »

Congressman confident that watered down bill for one time audit passed by Senate can be strengthened in committee Paul Joseph Watson Prison Planet.com Wednesday, May 12, 2010 While many are expressing disappointment and even despair that the Senate voted down Ron Paul’s audit the Fed bill while passing a weakened version, Congressman Alan Grayson... »

By Alan Caruba CapitolHillCoffeHouse.com I find it interesting that an entire nation like Greece can face bankruptcy. Greece will be loaned billions that it is not likely to ever repay. Meanwhile, Spain, Portugal, Italy, and Ireland are financially shaky as well. England is not much better off and the United States is printing money... »

by William F. Jasper TheNewAmerican.com On August 9 Hal Turner is scheduled to go on trial in federal court in Brooklyn, New York, for allegedly threatening three federal appeals court judges in an Internet blog post. For the past several years, Turner, an Internet radio shock jock, has been one of the top purveyors... »

By Patrick J. Deneen FrontPorchRepublic.com Two crises are unfolding half a world apart, competing for space on the front pages of the world’s newspapers and otherwise apparently disconnected. The first has been the unfolding disaster of the “spill” in the Gulf of Mexico (this word, “spill,” seems highly inaccurate to me – it is... »

PIIGS Win. Bankers Win. Voters Lose. by Gary North LewRockwell.com The politicians of Northern Europe buckled. The PIIGS chuckled. The Greeks played the Henry Paulson card magnificently. “If you don’t lend us enough money to meet interest payments, we’ll have to default. There will be a crisis. Woe, woe, woe.” The politicians pretended to... »

The Making of a Warmonger by David Gordon LewRockwell.com Lee Edwards has written a very useful book. He is a longstanding conservative activist and intends to celebrate William F. Buckley as the founder of the political movement to which he adheres. For Edwards, Buckley’s “vision of ordered liberty shaped and molded and guided American... »