Archive for May 23rd, 2010

Frank Pope TimesOnlineUK May 24, 2010 It has been an hour since our sport-fishing boat started streaking through the freshly oil-soaked marshes of Pass a Loutre, but we’re still only halfway through the slick. Eighteen miles out and the stink of oil is everywhere. Rashes of red-brown sludge are smeared across vast swaths, between... »

By Monty Pelerin EconomicNoise.com “The worst thing in the world next to anarchy is government.” Henry Ward Beecher Bloggers post what they claim to be the “scariest economic chart” or the ”chart of the century.” Indeed, many data sets are frightening, but none more so than the one to the left. Modern government has... »

by Tyler Durden ZeroHedge.com Max Keiser at his best, deconstructing the global ponzi with Gerald Celente, another very much outspoken critic of the broken financial system. Most ZH regulars will be quite familiar with the overriding themes exposing the mass corruption perpetrated by the kleptocratic oligarchy, yet Max as always delivers the message with... »

By: Bob Chapman GoldSeek.com Sunday, 23 May 2010 Keeping up with today’s dysfunctional markets is very difficult because they change hour by hour. The problems of Europe have stolen center stage from US problems. The focus is on Europe, but we all should remember trillions of dollars have been injected into the US financial... »

By MATTHEW BROWN NewsYahoo.com NEW ORLEANS – The gooey oil washing into the maze of marshes along the Gulf Coast could prove impossible to remove, leaving a toxic stew lethal to fish and wildlife, government officials and independent scientists said. Officials are considering some drastic and risky solutions: They could set the wetlands on... »

Oil washes ashore on 50 miles of Louisiana shoreline as tensions mount over how to treat the spill in the Gulf of Mexico. By Margot Roosevelt and Carolyn Cole Los AngelesTimes.com May 23, 2010 Reporting from Los Angeles and Elmer’sBP has rebuffed demands from government officials and environmentalists to use a less-toxic dispersant to... »

By Joel Achenbach Washington Post.com Sunday, May 23, 2010 GRAND ISLE, LA. — It has become an epic contest between water and oil along the Gulf Coast. Government officials have now opened wide the Mississippi River outlets — what they call the diversions — in a desperate attempt to overwhelm the massive oil slick... »

Iain Dey and David Smith TimesOnlineUK May 23, 2010 FEARS of further turbulence in the financial markets mounted yesterday as Spain was forced to bail out one of its biggest regional banks, adding to worries about the eurozone. Spain’s central bank took operational control of Cajasur, one of 44 large regional lenders that account... »

Commentary: Global margin call sends stock investors scurrying By Jon Markman MarketWatch.com SEATTLE (MarketWatch) — Stocks traded over the past week with all the panache of the drunk uncle at a shotgun wedding, stumbling through four and a half weak-kneed sessions before snapping to attention at last call in the final half hour. The... »

Hezbollah’s deputy head says the Shi’ite organization has stepped up its alert status ahead of the ‘war game’ being conducted on Sunday in Israel. By Anshel Pfeffer, Liel Kyzer and Avi Issacharoff Haaretz.com Israel’s annual national home front exercise began Sunday, as Hezbollah played up fears in Lebanon that the drill means a conflict... »