Archive for May 21st, 2010

Engineering a solution to the oil spill At BP’s Houston offices, hundreds of scientists are at work on the Gulf of Mexico spill. They have an unlimited budget, an international team of the sharpest minds in modern engineering — and they have no time. By Jim Tankersley LATimes.com May 22, 2010 Reporting from Houston... »

USAToday.com May 21, 2010 Here are some of the day’s developments on the Gulf oil disaster, which is now a month old: • Wildlife and marine life in Europe and the Arctic will also suffer from the Gulf oil disaster, a top scientist told a congressional panel today, CNN reports. “This is not just... »

By: Philipp Bagus Market Oracle May 21, 2010 A specter is haunting the world, and especially Europe: the specter of a sovereign insolvency. The acute sovereign-debt crisis is largely the result of government interventions in response to the financial crisis. As Austrian business-cycle theory explains, the credit expansion of the fractional-reserve-banking system had caused... »

By: Richard C Cook Market Oracle May 21, 2010 While skeptics mockingly point out that the “end of the world” has been prophesized over and over again for centuries with nothing happening—the latest being Y2K, they say, and another likely bust coming up when the calendar hits 2012—it’s obvious that mankind faces an increasingly... »

by John Browne FinancialSense.com May 21, 2010 The European Union’s debt crisis, the threatened collapse of its fledgling ‘euro’ currency, and the uncertainties created by the UK elections may seem very far removed from the American ship of state, but, in reality, this turbulence threatens to capsize our fragile economy. Greece is in the... »

by Anthony Cherniawski FinancialSense.com May 21, 2010 The U.S. Senate, bringing Congress to the brink of passing the most comprehensive regulation of the financial industry since the Great Depression, approved a bill that imposes restrictions on proprietary trading by banks and creates a consumer protection agency designed to prevent lending abuses that triggered the... »

William N. Grigg FreedomInOurTime.com Thursday, May 20, 2010 “Kill Them All, For God Will Know His Own” Scene of the crime: The couch where Aiyana Jones was sleeping when she was killed. Kevin Weeks was a career criminal employed as a Mob hitman, but even he possessed sufficient good judgment and self-restraint to avoid... »

By Paul Craig Roberts VeteransToday.com According to news reports, the U.S. military is shipping “bunker-buster” bombs to the U.S. Air Force base at Diego Garcia in the Indian Ocean. The Herald Scotland reports that experts say the bombs are being assembled for an attack on Iran’s nuclear facilities. The newspaper quotes Dan Piesch, director... »

Toxicologist Says Chemicals Harmful, Can Lead To Death WDSU.com LAFITTE, La. — More and more stories about sick fishermen are beginning to surface after the oil spill in the Gulf of Mexico. The fishermen are working out in the Gulf — many of them all day, every day — to clean up the spill.... »

By Jerry Mazza Online Journal.com May 21, 2010 Paul Joseph Watson, a writer at Prison Planet whom I greatly respect, reminded us Monday that Obama Czar Wants Mandatory Government Propaganda On Political Websites. The czar is also a Harvard professor currently dishing up the pabulum for Obama’s White House that “conspiracy theories” should be... »